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2026 05 13 FAC Special Meeting (4:00 mtg time)
°Ca OtthIra GEM of the DESERT — NOTICE AND CALL OF SPECIAL MEETING OF THE LA QUINTA FINANCIAL ADVISORY COMMISSION TO THE MEMBERS OF THE LA QUINTA FINANCIAL ADVISORY COMMISSION AND TO THE COMMISSION SECRETARY: NOTICE IS HEREBY GIVEN that a Special Meeting of the La Quinta Financial Advisory Commission is hereby called to be held on Wednesday, May 13, 2026, commencing at 4:00 p.m. at La Quinta City Hall located at 78495 Calle Tampico, La Quinta, CA 92253 for the following purpose: CONSENT CALENDAR 1. RECEIVE AND FILE SPECIAL MEETING MINUTES DATED APRIL 8, 2026 2. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED FEBRUARY 28, 2026 BUSINESS SESSION 1. RECOMMEND COUNCIL APPROVAL OF FISCAL YEAR 2026/27 INVESTMENT POLICY 2. RECEIVE AND FILE THIRD QUARTER FISCAL YEAR 2025/26 TREASURY REPORTS FOR JANUARY, FEBRUARY, AND MARCH 2026 STUDY SESSION 1. DISCUSS FISCAL YEAR 2026/27 PRELIMINARY PROPOSED BUDGET DEPARTMENTAL REPORTS 1. FINANCE DEPARTMENT CURRENT AND FUTURE INITIATIVES 2. FOURTH QUARTER 2025 (OCTOBER — SEPTEMBER) SALES TAX UPDATE FINANCIAL ADVISORY COMMISSION 1 May 13, 2026 SPECIAL MEETING Dated: May 11, 2026 Attest: lsi ECCe n 'IV ay ELLEN WAY, Chairperson 4ynafrtria. eGwem.d AMANDA GUERRERO, Commission Secretary DECLARATION OF POSTING I, Amanda Guerrero, Commission Secretary, do hereby declare that the foregoing Agenda for the Commission meeting was published in accordance with the Brown Act [Gov. Code § 54954.2] on the City's website, accessible directly from the City's home page through the "Calendar/ Public Meetings" icon link, and posted at the City Hall bulletin board, located near the entrance to the Council Chamber at 78495 Calle Tampico, La Quinta, CA 92253, on May 11, 2026, which is freely accessible to members of the public. .Afrnaauia. 1.624.2424-e AMANDA GUERRERO, Commission Secretary FINANCIAL ADVISORY COMMISSION 2 May 13, 2026 SPECIAL MEETING Quidai — GLM of the DESERT — Financial Advisory Commission agendas and staff reports are now available on the City's website at www.LaQuintaCA.gov/PublicMeetingis FINANCIAL ADVISORY COMMISSION AGENDA CITY HALL COUNCIL CHAMBER 78495 Calle Tampico, La Quinta SPECIAL MEETING WEDNESDAY, MAY 13, 2026, AT 4:00 P.M. Members of the public may listen to this meeting by tuning -in live via www.laquintaca.gov/livemeetings; past meetings are available through the video archive via www.laquintaca.gov/pastmeetings Closed captions in English and Spanish are available to all users through this video streaming service. CALL TO ORDER Roll Call: Commissioners Anderson, Dorsey, Kiehl, Lee, Mast, Niblo, and Chair Way PLEDGE OF ALLEGIANCE PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA At this time, members of the public may address the Commission on any matter not listed on the agenda pursuant to the "Public Comments — Instructions" listed at the end of the agenda. The Commission values your comments; however, in accordance with State law, no action shall be taken on any item not appearing on the agenda unless it is an emergency item authorized by the Brown Act [Gov. Code § 54954.2(b)]. CONFIRMATION OF AGENDA ANNOUNCEMENTS, PRESENTATIONS, AND WRITTEN COMMUNICATIONS — None CONSENT CALENDAR NOTE: Consent Calendar items are routine in nature and can be approved by one motion. 1. RECEIVE AND FILE SPECIAL MEETING MINUTES DATED APRIL 8, 2026 2. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED FEBRUARY 28, 2026 PAGE FINANCIAL ADVISORY COMMISSION SPECIAL MEETING —AGENDA Page 1 of 5 MAY 13, 2026 BUSINESS SESSION 1. RECOMMEND COUNCIL APPROVAL OF FISCAL YEAR 2026/27 INVESTMENT POLICY 2. RECEIVE AND FILE THIRD QUARTER FISCAL YEAR 2025/26 TREASURY REPORTS FOR JANUARY, FEBRUARY, AND MARCH 2026 STUDY SESSION 1. DISCUSS FISCAL YEAR 2026/27 PRELIMINARY PROPOSED BUDGET DEPARTMENTAL REPORTS 1. FINANCE DEPARTMENT CURRENT AND FUTURE INITIATIVES 2. FOURTH QUARTER 2025 (OCTOBER — SEPTEMBER) SALES TAX UPDATE COMMISSIONERS' ITEMS ADJOURNMENT ********************************* PAGE PAGE PAGE The next meeting of the Commission will be held on June 10, 2026, commencing at 3:30 p.m., at the La Quinta City Hall Council Chamber, 78495 Calle Tampico, La Quinta, CA 92253. DECLARATION OF POSTING I, Amanda Guerrero, Secretary of the Financial Advisory Commission of the City of La Quinta, do hereby declare that the foregoing Agenda for the Commission meeting was published in accordance with the Brown Act [Gov. Code § 54954.2] on the City's website, accessible directly from the City's home page through the "Calendar/ Public Meetings" icon link, and posted at the City Hall bulletin board, located near the entrance to the Council Chamber at 78495 Calle Tampico, La Quinta, CA 92253, on May 11 2026, which is freely accessible to members of the public. DATED: / May 11, 2026 41,4i22.24.49 Amanda Guerrero, Commission Secretary City of La Quinta, California FINANCIAL ADVISORY COMMISSION SPECIAL MEETING —AGENDA Page 2 of 5 MAY 13, 2026 PUBLIC NOTICES • Agenda packet materials are available for public inspection: 1) at the Clerk's Office at La Quinta City Hall, located at 78495 Calle Tampico, La Quinta, CA 92253; and 2) on the City's website at www.laquintaca.gov/publicmeetings in accordance with the Brown Act [Gov. Code §§ 54954.2, 54956, and 54957.5]. • The La Quinta City Council Chamber is wheelchair accessible. If hearing assistance equipment is needed, please contact the City Clerk's office at (760) 777-7147, 24-hours in advance of the meeting and accommodation will be made. • If background material is to be presented to the Commission during a Commission meeting, please be advised that 15 copies of all documents, exhibits, etc., must be supplied to the Commission Secretary for distribution. It is requested that this takes place prior to the beginning of the meeting. PUBLIC COMMENTS — INSTRUCTIONS Members of the public may address the Commission on any matter listed or not listed on the agenda as follows: WRITTEN PUBLIC COMMENTS can be provided either in -person during the meeting by submitting 15 copies to the Commission Secretary, it is requested that this takes place prior to the beginning of the meeting; or can be emailed in advance to Finance©LaQuintaCA.gov, no later than 12:00 p.m., on the day of the meeting. Written public comments will be distributed to the Commission, made public, and will be incorporated into the public record of the meeting, but will not be read during the meeting unless, upon the request of the Chair, a brief summary of public comments is asked to be reported. If written public comments are emailed, the email subject line must clearly state "Written Comments" and should include: 1) full name, 2) city of residence, and 3) subject matter. VERBAL PUBLIC COMMENTS can be provided in -person during the meeting by completing a "Request to Speak" form and submitting it to the Commission Secretary; it is requested that this takes place prior to the beginning of the meeting. Please limit your comments to three (3) minutes (or approximately 350 words). Only one person at a time may speak and only after being recognized by the Chair. In accordance with City Council Resolution No. 2022-028, a one-time additional speaker time donation of three (3) minutes per individual is permitted; please note that the member of the public donating time must: 1) submit this in writing to the Commission Secretary by completing a "Request to Speak" form noting the name of the person to whom time is being donated to, and 2) be present at the time the speaker provides verbal comments. Members of the public who utilize a translator shall be provided at least twice of the allotted time to ensure non-English speakers receive the same opportunity to directly address the Commission. FINANCIAL ADVISORY COMMISSION SPECIAL MEETING —AGENDA Page 3 of 5 MAY 13, 2026 Verbal public comments are defined as comments provided in the speakers' own voice and may not include video or sound recordings of the speaker or of other individuals or entities, unless permitted by the Chair. Public speakers may elect to use printed presentation materials to aid their comments; 15 copies of such printed materials shall be provided to the Commission Secretary to be disseminated to the Commission, made public, and incorporated into the public record of the meeting; it is requested that the printed materials are provided prior to the beginning of the meeting. There shall be no use of Chamber resources and technology to display visual or audible presentations during public comments, unless permitted by the Chair. All writings or documents, including but not limited to emails and attachments to emails, submitted to the City regarding any item(s) listed or not listed on this agenda are public records. All information in such writings and documents is subject to disclosure as being in the public domain and subject to search and review by electronic means, including but not limited to the City's Internet website and any other Internet Web -based platform or other Web -based form of communication. All information in such writings and documents similarly is subject to disclosure pursuant to the California Public Records Act [Gov. Code § 7920.000 et seq.]. TELECONFERENCE ACCESSIBILITY — INSTRUCTIONS Teleconference accessibility may be triggered in accordance with the Brown Act "during a proclaimed state of emergency or local emergency," as defined [Gov. Code § 54953.8.2]; or if a member of the Commission requests to attend and participate in this meeting remotely pursuant to any of the following: (1) "disability" [Gov. Code § 54953(c)], or (2) "just cause" [Gov. Code § 54953.8.3], as defined. In such instances, remote public accessibility and participation will be facilitated via the Zoom Webinar audio-visual platform as detailed at the end of this agenda. *** TELECONFERENCE AND TELEPHONIC PROCEDURES*** APPLICABLE ONLY WHEN TELECONFERENCE ACCESSIBILITY IS IN EFFECT ZOOM LINK: https://us06web.zoom.us/s/88164609917 Meeting ID: 881 6560 9917 Or join by phone: (253) 215 — 8782 VERBAL PUBLIC COMMENTS — members of the public may attend and participate in this meeting by teleconference or telephonic accessibility via the Zoom Webinar audio- visual platform and must activate the "Raise Hand" feature on their electronic device (*9 for telephonic participation) when public comments are prompted by the Chair, and will be queued in consecutive order; the City will facilitate the ability for a member of the public to be audible to the Commission and general public and allow them to speak on the item(s) requested. Members of the public must unmute themselves via the "Audio" feature on their electronic device (*6 for telephonic participation) when prompted upon being recognized by the Chair, in order to become audible to the Commission and the public. FINANCIAL ADVISORY COMMISSION SPECIAL MEETING —AGENDA Page 4 of 5 MAY 13, 2026 Raise hand Raise hand y0 *9 Audio *6 WRITTEN PUBLIC COMMENTS can be provided either in person during the meeting or emailed to FinanceLaQuintaCA.gov any time prior to the adjournment of the meeting, and will be distributed to the Commission, made public, incorporated into the public record of the meeting, and will not be read during the meeting unless, upon the request of the Chair, a brief summary of any public comment is asked to be read, to the extent the Commission Secretary can accommodate such request. CLOSED CAPTION AND TRANSLATION Closed Caption and Translation are accessible through the Zoom Webinar audio-visual platform and accessible in real-time to all teleconference attendees. Members of the public must activate the "Show Captions" feature on their device for closed caption; and may use the "Options Arrow" to select from the list of available languages for translation. CC Show captions cc Show CC FINANCIAL ADVISORY COMMISSION SPECIAL MEETING — AGENDA Page 5 of 5 MAY 13, 2026 6 FINANCIAL ADVISORY COMMISSION Page 1 of 4 APRIL 8, 2026 SPECIAL MEETING – MINUTES FINANCIAL ADVISORY COMMISSION SPECIAL MEETING MINUTES WEDNESDAY, APRIL 8, 2026 CALL TO ORDER A special meeting of the La Quinta Financial Advisory Commission (Commission) was called to order at 3:30 p.m. by Chair Way. PRESENT: Commissioners Anderson, Kiehl, Mast, Niblo and Chair Way ABSENT: Commissioners Dorsey and Lee PLEDGE OF ALLEGIANCE Commissioner Anderson led the audience in the Pledge of Allegiance. PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA – None CONFIRMATION OF AGENDA Staff requested the Commission consider Study Session Item No. 3 after the Consent Calendar, followed by Study Session Items Nos. 1 and 2, and then continuing with the Business Session; the Commission concurred. ANNOUNCEMENTS, PRESENTATIONS, AND WRITTEN COMMUNICATIONS – None CONSENT CALENDAR ITEMS 1.RECEIVE AND FILE SPECIAL MEETING MINUTES DATED FEBRUARY 11, 2026 2. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED DECEMBER 31, 2025 3. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED JANUARY 31, 2026 CONSENT CALENDAR ITEM NO. 2 – COMMENTS Commissioner Mast inquired about legal expenses reflected in the Revenue and Expenditure Report Dated December 31, 2025 (page 12 of the agenda packet). CONSENT CALENDAR ITEM NO. 1 7 FINANCIAL ADVISORY COMMISSION Page 2 of 4 APRIL 8, 2026 SPECIAL MEETING – MINUTES Staff clarified that the amount included multiple months of invoicing paid in December which did not include settlement costs; the expenses relate to contract review, retainer services, and litigation-related attorney costs; and noted fiscal year (FY) 2025/26 budget for legal services totals $1.1 million, with year-to-date expenditures of approximately $900,000. MOTION – A motion was made and seconded by Commissioners Kiehl/Niblo to approve the Consent Calendar as presented. Motion passed: ayes – 5, noes – 0, abstain – 0, absent – 2 (Dorsey and Lee). STUDY SESSION >>> taken out of agenda order 3. DISCUSS THE FISCAL YEAR 2026/27 INVESTMENT POLICY Principal Management Analyst Hallick presented the staff report, which is on file in the Finance Department. The Commission discussed the annual investment policy update process, including incorporation of legislative changes and industry guidance; and expressed appreciation for staff’s efforts, noting the thoroughness and transparency of the policy review process. The Commission reached a consensus and expressed general support for the proposed FY 2026/27 Investment Policy revisions. 1. DISCUSS PROJECTS TO BE INCLUDED IN FISCAL YEAR 2026/27 THROUGH 2030/31 CAPITAL IMPROVEMENT PROGRAM (CIP) Public Works Director / City Engineer McKinney introduced Administrative Technician Escarrega who presented the staff report, which is on file in the Finance Department. The Commission discussed the Avenue 50 Widening Improvements project timeline and coordination with the City of Indio; the status and process of the updated five-year pavement management plan; citywide landscape and median improvements along Highway 111; SilverRock Park (Park) expenditures and future City-funded improvements within the Park; and the Avenue 50 power substation upgrade status and electric capacity. The Commission reached a consensus and expressed general support for FY 2026/27 through 2030/31 CIP as presented. 2. DISCUSS THE 2026 ANNUAL COMMUNITY WORKSHOP AND 2026/27 BUDGET PROCESS Finance Director Martinez presented the staff report, which is on file in the Finance Department. 8 FINANCIAL ADVISORY COMMISSION Page 3 of 4 APRIL 8, 2026 SPECIAL MEETING – MINUTES The Commission discussed the City’s financial position and noted it’s ranked No. 7 for fiscal stability, out of 410 cities, on the California Policy Center’s Local Fiscal Health Dashboard; and recognized the coordinated efforts of the Council, Boards and Commissions, and staff across departments in supporting City operations and long-range planning. BUSINESS SESSION >>> taken out of agenda order 1.RECEIVE AND FILE FISCAL YEAR 2024/25 GENERAL FUND YEAR-END BUDGET REPORT Finance Director Martinez presented the staff report, which is on file in the Finance Department. The Commission expressed appreciation for the City’s strong financial performance, including revenues exceeding projections, expenditures remaining under budget and continued growth in reserves; noted the visible impact of the City’s projects and long-term financial planning; and discussed pension funding and CalPERS reporting timelines, reserve policy review cycles, and broader considerations related to housing affordability and property tax limitations under State law. MOTION – A motion was made and seconded by Commissioners Niblo/Mast to receive and file the fiscal year 2024/25 General Fund Year-End Budget Report, as presented. Motion passed: ayes – 5, noes – 0, abstain – 0, absent – 2 (Dorsey and Lee). 2. RECEIVE AND FILE FISCAL YEAR 2025/26 MID-YEAR BUDGET REPORT Finance Director Martinez presented the staff report, which is on file in the Finance Department. The Commission discussed the City’s approach to revenue forecasting and budgeting, including the use of conservative estimates and alignment of expenditures with projected revenues; revenue variability related to economic conditions, such as tourism and sales tax, and the process for adjusting projections throughout the fiscal year; increases in operating costs and related impacts of insurance market conditions on vendor costs. MOTION – A motion was made and seconded by Commissioners Mast/Anderson to receive and file the fiscal year 2025/26 Mid-Year Budget Report, as presented. Motion passed: ayes – 5, noes – 0, abstain – 0, absent – 2 (Dorsey and Lee). 3. RECEIVE AND FILE SECOND QUARTER FISCAL YEAR 2025/26 TREASURY REPORTS FOR OCTOBER, NOVEMBER AND DECEMBER 2025 Principal Management Analyst Hallick presented the staff report, which is on file in the Finance Department. 9 FINANCIAL ADVISORY COMMISSION Page 4 of 4 APRIL 8, 2026 SPECIAL MEETING – MINUTES The Commission discussed the City’s money market and liquidity holdings, including custodial sweep accounts and investment classifications used to manage operating funds; the City’s investment strategy; and the use of reserves to pay off the City’s unfunded liabilities with CalPERS in previous years, and the associated long-term fiscal impacts and savings realized by the City. MOTION – A motion was made and seconded by Commissioners Kiehl/Niblo to receive and file the second quarter fiscal year 2025/26 Treasury Reports for October, November and December 2025, as presented. Motion passed: ayes – 5, noes – 0, abstain – 0, absent – 2 (Dorsey and Lee). DEPARTMENTAL REPORTS 1.FINANCE DEPARTMENT CURRENT AND FUTURE INITIATIVES Staff provided updates on current and upcoming Finance Department initiatives, including the upcoming Citywide Interim Audit for FY 2025/26; completion of the Single Audit for federal funds for FY 2024/25; ongoing budget development for FY 2026/27; funding provided to support Imperial Irrigation District infrastructure improvements; and upcoming City events including the Emergency Preparedness Fair, La Quinta Birthday Celebration, and Community Emergency Response Team (CERT) training; and noted ongoing communication regarding construction and traffic impacts related to roadway projects. COMMISSIONERS’ ITEMS Commissioner Kiehl discussed term limits for serving on City boards and commissions per the La Quinta Municipal Code; and prior Council concessions in allowing residents to continue their service past the term limits in certain instances to fulfill specific membership qualification requirements. ADJOURNMENT There being no further business, it was moved and seconded by Commissioners Lee/Mast to adjourn this meeting at 4:59 p.m. Motion passed: ayes – 5, noes – 0, abstain – 0, absent – 2 (Dorsey and Lee). Respectfully submitted, Amanda Guerrero, Commission Secretary City of La Quinta, California 10 CONSENT CALENDAR ITEM NO. 2 City of La Quinta FINANCIAL ADVISORY COMMISSION SPECIAL MEETING May 13, 2026 STAFF REPORT AGENDA TITLF : RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED FEBRUARY 28, 2026 RECOMMENDATION Receive and file revenue and expenditure report dated February 28, 2026. EXECUTIVE SUMMARY • The report summarizes the City's year-to-date (YTD) and month -to -date (MTD) revenues and expenditures for February 2026 (Attachment 1). • These reports are also reviewed by the City Council. FISCAL IMPACT — None. BACKGROUND/ANALYSIS Below is a summary of the column headers used on the Revenue and Expenditure Summary Reports: Original Total Budget — represents revenue and expenditure budgets the Council adopted in June 2025 for fiscal year 2025/26. Current Total Budget — represents original adopted budgets plus any Council approved budget amendments from throughout the year, including any carryovers from fiscal year 2024/25. Period Activity — represents actual revenues received and expenditures outlaid in the reporting month. Fiscal Activity— represents actual revenues received and expenditures outlaid YTD. Variance Favorable/(Unfavorable) - represents the dollar difference between YTD collections/expenditures and the current budgeted amount. Percent Used — represents the percentage activity as compared to budget YTD. 11 General Fund (GF) All Funds General Fund Payroll (GF) All Funds February 2026 Revenues MTD YTD YTD Percent of Budget Comparison to 2025 YTD Percent of Budget $8,876,579 $10,880,572 $41,504,334 $80,889,853 February 2026 Expenditures MTD YTD 44.99% 33.96% Percent of Budget $46,085,759 $73,404,204 Comparison YTD 52.54% 33.75% to 2025 Percent of Budget $4,135,114 $45,486,673 $954,210 $8,177,538 $6,719,659 $88,537,930 36.46% 53.69% 33.42% $36,419,289 $7,658,082 $82,557,651 34.32% 54.20% 34.30% To Five Revenue/Income Sources for Februa General Fund Property Tax in lieu of Vehicle License Fees Measure G Sales Tax Transient Occupancy (Hotel) Tax Sales Tax Document Transfer Tax $ 3,173,414 $ 1,877,599 $ 1,584,914 $ 1,371,282 $ 178,917 Non -General Fund Allocated Interest SilverRock Green Fees County Sales Tax (Measure A) Gas Tax Non -Allocated Interest (Pension Trust) To Five Expenditures/Outla General Fund Sheriff Contract (Nov -Dec) Contingency for Operations Contract Legal Services Animal Shelter Contract Services (Sept -Dec) Parks Landscape Maintenance $ 1,209,077 $ 918,936 $ 131,486 $ 104,702 $ 95,819 s for February Non -General Fund Capital Improvement Program - Construction(1) SilverRock Golf Course Maintenance Lighting & Landscape Maintenance Contract Capital Improvement Program - Design(2) Housing Authority Rental Expenses $ 636,852 $ 575,365 $ 199,079 $ 173,830 $ 104,977 (')CIP Construction: Fritz Burns Park improvements; Hwy 111 pavement project, pavement management program (PMP) (`ICIP Design: Design services associated with multiple ongoing projects including Washington St./CV Link connector, Fritz Burns Park, retention basins, $ 1,357,136 $ 195,416 $ 133,083 $ 114,670 $ 70,438 Revenues are not received uniformly throughout the year, resulting in peaks and valleys. For example, large property tax payments are usually received in December and May. Similarly, Redevelopment Property Tax Trust Fund payments are typically received in January and June. Any timing imbalance of revenue receipts versus expenditures is funded from the City's cash flow reserve. Unlike revenues, expenditures are more likely to be consistent from month to month. However, large debt service payments or CIP expenditures can cause swings. Prepared by: Approved by: Attachment: Rosemary Hallick, Principal Management Analyst Claudia Martinez, Finance Director/City Treasurer 1. Revenue and Expenditure Report for February 28, 2026 12 Ottlitra - .\u) Fund ATTACHMENT 1 City Council Month Revenue Report Group Summary For Fiscal: 2025/26 Period Ending: 02/28/2026 Variance Original Current Period Fiscal Favorable Percent Total Budget Total Budget Activity Activity (Unfavorable) Used 101 - GENERAL FUND 92,242,254.00 92,242,254.00 8,876,579.31 41,504,334.06 -50,737,919.94 44.99% 105 - DISASTER RECOVERY FUND 172,000.00 172,000.00 0.00 39,392.88 -132,607.12 22.90% 201- GAS TAX FUND 3,217,705.00 3,217,705.00 173,830.29 1,191,853.92 -2,025,851.08 37.04% 202 - LIBRARY & MUSEUM FUND 4,420,000.00 4,420,000.00 549.00 346,901.99 -4,073,098.01 7.85% 203 - PUBLIC SAFETY FUND (MEASURE G) 6,000.00 6,000.00 0.00 1,359.16 -4,640.84 22.65% 210 - FEDERAL ASSISTANCE FUND 160,100.00 314,033.00 0.00 138,248.03 -175,784.97 44.02% 212 - SLESA (COPS) FUND 121,000.00 121,000.00 8,333.33 156,546.02 35,546.02 129.38% 215 - LIGHTING & LANDSCAPING FUND 3,862,100.00 3,862,100.00 0.00 558,812.41 -3,303,287.59 14.47% 221- AB 939 - CALRECYCLE FUND 91,000.00 91,000.00 4,696.64 32,043.82 -58,956.18 35.21% 223 - MEASURE A FUND 1,900,000.00 1,900,000.00 199,078.51 985,065.85 -914,934.15 51.85% 226 - EMERGENCY MANAGEMENT PERFORMANCE GRANT (EMPG) 10,000.00 10,000.00 0.00 7,217.00 -2,783.00 72.17% 227 - STATE HOMELAND SECURITY PROGRAMS (SHSP) 5,400.00 5,400.00 0.00 0.00 -5,400.00 0.00% 230 - CASp FUND, AB 1379 24,000.00 24,000.00 1,832.00 13,359.05 -10,640.95 55.66% 231- SUCCESSOR AGCY PA 1 RORF 20,333,000.00 20,333,000.00 97.79 5,139,948.70 -15,193,051.30 25.28% 235 - SO COAST AIR QUALITY FUND 57,000.00 57,000.00 12,079.31 30,439.05 -26,560.95 53.40% 237 - SUCCESSOR AGCY PA 1 ADMIN 12,320.00 12,320.00 0.00 1,404.53 -10,915.47 11.40% 241- HOUSING AUTHORITY 1,666,000.00 1,666,000.00 88,074.23 897,008.19 -768,991.81 53.84% 243 - RDA LOW -MOD HOUSING FUND 130,000.00 130,000.00 0.00 31,409.23 -98,590.77 24.16% 247 - ECONOMIC DEVELOPMENT FUND 109,000.00 109,000.00 3,438.34 56,163.64 -52,836.36 51.53% 249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016) 86,000.00 86,000.00 0.00 48,664.69 -37,335.31 56.59% 250 - TRANSPORTATION DIF FUND 579,000.00 579,000.00 52,571.42 397,337.02 -181,662.98 68.62% 251- PARKS & REC DIF FUND 203,000.00 203,000.00 26,754.00 186,264.27 -16,735.73 91.76% 252 - CIVIC CENTER DIF FUND 160,000.00 160,000.00 15,910.34 117,758.69 -42,241.31 73.60% 253 - LIBRARY DEVELOPMENT DIF 30,500.00 30,500.00 5,043.00 32,892.00 2,392.00 107.84% 254 - COMMUNITY & CULTURAL CENTERS DIF 95,000.00 95,000.00 12,144.00 85,488.37 -9,511.63 89.99% 257 - FIRE PROTECTION DIF 51,000.00 51,000.00 4,772.49 35,875.37 -15,124.63 70.34% 259 - MAINTENANCE FACILITIES DIF FUND 47,000.00 47,000.00 4,069.77 27,770.42 -19,229.58 59.09% 270 - ART IN PUBLIC PLACES FUND 181,000.00 181,000.00 2,227.51 72,779.28 -108,220.72 40.21% 299 - INTEREST ALLOCATION FUND 0.00 0.00 636,852.35 3,568,624.71 3,568,624.71 0.00% 310 - LQ FINANCE AUTHORITY DEBT SERVICE 1,000.00 1,000.00 0.00 10,000,000.00 9,999,000.0000,000.00% 401- CAPITAL IMPROVEMENT PROGRAMS 24,293,033.00 93,976,127.98 0.00 7,086,052.20 -86,890,075.78 7.54% 501 - FACILITY & FLEET REPLACEMENT 1,745,500.00 1,745,500.00 0.00 862,686.39 -882,813.61 49.42% 502 - INFORMATION TECHNOLOGY 4,195,000.00 4,195,000.00 11,900.30 2,239,349.25 -1,955,650.75 53.38% 503 - PARK EQUIP & FACILITY FUND 1,035,000.00 1,035,000.00 0.00 518,812.15 -516,187.85 50.13% 504 - INSURANCE FUND 1,395,941.00 1,395,941.00 0.00 691,517.08 -704,423.92 49.54% 601- SILVERROCK RESORT 5,470,000.00 5,470,000.00 634,761.38 3,152,205.35 -2,317,794.65 57.63% 760 - SUPPLEMENTAL PENSION PLAN 7,000.00 7,000.00 0.00 373.76 -6,626.24 5.34% 761 - CERBT OPEB TRUST 40,000.00 40,000.00 0.00 141,617.20 101,617.20 354.04% 762 - PARS PENSION TRUST 200,000.00 200,000.00 104,977.07 492,277.50 292,277.50 246.14% Report Total: 168,353,853.00 238,190,880.98 10,880,572.38 80,889,853.23 -157,301,027.75 33.96% Accounts are subject to adjusting entries and audit. The City's Annual Comprehensive Financial Report, published annually, is the best resource for all final audited numbers. Page 1 of 3 13 Fund City Council Month Expense Report Group Summary For Fiscal: 2025/26 Period Ending: 02/28/2026 Variance Original Current Period Fiscal Favorable Percent Total Budget Total Budget Activity Activity (Unfavorable) Used 101 - GENERAL FUND 92,822,188.00 124,767,095.58 4,135,113.75 45,486,673.47 79,280,422.11 36.46% 105 - DISASTER RECOVERY FUND 4,993,504.00 4,993,504.00 0.00 0.00 4,993,504.00 0.00% 201- GAS TAX FUND 3,224,885.00 5,369,867.76 78,260.11 1,139,481.21 4,230,386.55 21.22% 202 - LIBRARY & MUSEUM FUND 3,149,391.00 5,112,850.74 20,755.12 552,182.22 4,560,668.52 10.80% 210 - FEDERAL ASSISTANCE FUND 160,000.00 313,933.00 0.00 138,248.03 175,684.97 44.04% 212 - SLESA (COPS) FUND 100,000.00 100,000.00 0.00 0.00 100,000.00 0.00% 215 - LIGHTING & LANDSCAPING FUND 3,854,500.00 3,854,500.00 216,876.94 2,151,873.98 1,702,626.02 55.83% 221- AB 939 - CALRECYCLE FUND 205,000.00 205,000.00 10,781.40 55,640.90 149,359.10 27.14% 223 - MEASURE A FUND 1,124,132.00 4,834,347.80 18,049.41 690,732.25 4,143,615.55 14.29% 226 - EMERGENCY MANAGEMENT PERFORMANCE GRANT (EMPG) 10,000.00 10,000.00 0.00 10,335.00 -335.00 103.35% 227 - STATE HOMELAND SECURITY PROGRAMS (SHSP) 5,000.00 5,000.00 4,496.98 4,496.98 503.02 89.94% 230 - CASp FUND, AB 1379 5,500.00 5,500.00 0.00 892.80 4,607.20 16.23% 231 - SUCCESSOR AGCY PA 1 RORF 4,271,147.00 4,271,147.00 0.00 15,115,644.82 -10,844,497.82 353.90% 235 - SO COAST AIR QUALITY FUND 40,000.00 40,000.00 0.00 0.00 40,000.00 0.00% 237 - SUCCESSOR AGCY PA 1 ADMIN 11,000.00 11,000.00 0.00 3,725.00 7,275.00 33.86% 241- HOUSING AUTHORITY 1,709,533.00 1,709,533.00 119,696.36 1,069,095.53 640,437.47 62.54% 243 - RDA LOW -MOD HOUSING FUND 325,000.00 325,800.00 0.00 375,000.00 -49,200.00 115.10% 247 - ECONOMIC DEVELOPMENT FUND 31,500.00 31,500.00 0.00 3,583.85 27,916.15 11.38% 249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016) 150,000.00 150,000.00 0.00 0.00 150,000.00 0.00% 250-TRANSPORTATION DIF FUND 979,109.00 3,377,883.19 0.00 400,759.50 2,977,123.69 11.86% 251- PARKS & REC DIF FUND 0.00 648,950.00 0.00 0.00 648,950.00 0.00% 252 - CIVIC CENTER DIF FUND 0.00 249,925.00 0.00 0.00 249,925.00 0.00% 253 - LIBRARY DEVELOPMENT DIF 15,000.00 15,000.00 0.00 9,984.00 5,016.00 66.56% 254 - COMMUNITY & CULTURAL CENTERS DIF 482,561.00 792,914.42 0.00 0.00 792,914.42 0.00% 259 - MAINTENANCE FACILITIES DIF FUND 362,526.00 362,526.00 0.00 73,248.62 289,277.38 20.21% 270 - ART IN PUBLIC PLACES FUND 233,000.00 689,252.37 41,717.75 93,881.28 595,371.09 13.62% 310 - LQ FINANCE AUTHORITY DEBT SERVICE 1,000.00 1,000.00 0.00 0.00 1,000.00 0.00% 401 - CAPITAL IMPROVEMENT PROGRAMS 24,293,033.00 88,703,905.87 1,472,104.12 13,992,681.43 74,711,224.44 15.77% 501 - FACILITY & FLEET REPLACEMENT 1,745,913.00 2,027,526.55 42,862.71 510,065.22 1,517,461.33 25.16% 502 - INFORMATION TECHNOLOGY 4,195,820.00 4,195,820.00 75,768.89 1,528,434.27 2,667,385.73 36.43% 503 - PARK EQUIP & FACILITY FUND 935,000.00 935,000.00 0.00 518,297.92 416,702.08 55.43% 504 - INSURANCE FUND 1,242,600.00 1,242,600.00 0.00 1,184,593.08 58,006.92 95.33% 601- SILVERROCK RESORT 5,517,000.00 5,517,000.00 480,057.54 3,390,425.30 2,126,574.70 61.45% 760 - SUPPLEMENTAL PENSION PLAN 12,850.00 12,850.00 0.00 12,832.86 17.14 99.87% 761- CERBT OPEB TRUST 1,500.00 1,500.00 0.00 813.87 686.13 54.26% 762 - PARS PENSION TRUST 30,000.00 30,000.00 3,117.43 24,306.24 5,693.76 81.02% Report Total: 156,239,192.00 264,914,232.28 6,719,658.51 88,537,929.63 176,376,302.65 33.42% Accounts are subject to adjusting entries and audit. The City's Annual Comprehensive Financial Report, published annually, is the best resource for all final audited numbers. Page 2 of 3 14 Fund Descriptions Fund # Name Notes 101 General Fund The primary fund of the City used to account for all revenue and expenditures of the City; a broad range of municipal activities are provided through this fund. 105 Disaster Recovery Fund Accounts for use of one-time federal funding designed to deliver relief to American workers and aid in the economic recovery iin the wake of COVID-19. The American Rescue Plan Act (ARPA) was passed by Congress in 2021 to provide fiscal recovery funds to state and local governments. 201 Gas Tax Fund Gasoline sales tax allocations received from the State which are restricted to street -related expenditures. 202 Library and Museum Fund Revenues from property taxes and related expenditures for library and museum services. 203 Public Safety Fund General Fund Measure G sales tax revenue set aside for public safety expenditures. 210 Federal Assistance Fund Community Development Block Grant (CDBG) received from the federal government and the expenditures of those resources. 212 SLESF (COPS) Fund Supplemental Law Enforcement Services Funds (SLESF) received from the State for law enforcement activities. Also known as Citizen's Option for Public Safety (COPS). 215 Lighting & Landscaping Fund Special assessments levied on real property for city-wide lighting and landscape maintenance/improvements and the expenditures of those resources. 220 Quimby Fund Developer fees received under the provisions of the Quimby Act for park development and improvements. 221 AB939 Fund/Cal Recycle Franchise fees collected from the city waste hauler that are used to reduce waste sent to landfills through recycling efforts. Assembly Bill (AB) 939. 223 Measure A Fund County sales tax allocations which are restricted to street -related expenditures. 224 TUMF Fund Developer -paid Transportation Uniform Mitigation Fees (TUMF) utilized for traffic projects in Riverside County. 225 Infrastructure Fund Developer fees for the acquisition, construction or improvement of the City's infrastructure as defined by Resolution 226 Emergency Mgmt. Performance Grant (EMPG) Federal Emergency Management Agency (FEMA) grant for emergency preparedness. 227 State Homeland Security Programs (SHSP) Federal Emergency Management Agency (FEMA) grant for emergency preparedness. 230 GASP Fund, AB1379 / SB1186 Certified Access Specialist (CASp) program fees for ADA Accessibility Improvements; derived from Business License renewals. Assembly Bill (AB) 1379 and Senate Bill (SB) 1186. 231 Successor Agency PA 1 RORF Fund Successor Agency (SA) Project Area (PA) 1 Redevelopment Obligation Retirement Fund (RORF) for Redevelopment Property Tax Trust Fund (RPTTF) taxes received for debt service payments on recognized obligations of the former Redevelopment Agency (RDA). 235 SO Coast Air Quality Fund (AB2766, PM10) Contributions from the South Coast Air Quality Management District. Uses are limited to the reduction and control of airborne pollutants. Assembly Bill (AB) 2766. 237 Successor Agency PA 1 Admin Fund Successor Agency (SA) Project Area (PA) 1 for administration of the Recognized Obligation Payment Schedule (ROPS) associated with the former Redevelopment Agency (RDA). 241 Housing Authority Activities of the Housing Authority which is to promote and provide quality affordable housing. 243 RDA Low -Moderate Housing Fund Activities of the Housing Authority which is to promote and provide quality affordable housing. Accounts for RDA loan repayments (20% for Housing) and housing programs,. 244 Housing Grants Activites related Local Early Action Planning (LEAP) and SB2 grants for housing planning and development. 247 Economic Development Fund Proceeds from sale of City -owned land and transfers from General Fund for future economic development. 249 SA 2011 Low/Mod Bond Fund Successor Agency (SA) low/moderate housing fund; 2011 bonds refinanced in 2016. 250 Transportation DIF Fund Developer impact fees collected for specific public improvements - transportation related. 251 Parks & Rec. DIF Fund Developer impact fees collected for specific public improvements - parks and recreation. 252 Civic Center DIF Fund Developer impact fees collected for specific public improvements - Civic Center. 253 Library Development DIF Fund Developer impact fees collected for specific public improvements - library. 254 Community Center DIF Fund Developer impact fees collected for specific public improvements - community center. 255 Street Facility DIF Fund Developer impact fees collected for specific public improvements - streets. 256 Park Facility DIF Fund Developer impact fees collected for specific public improvements - parks. 257 Fire Protection DIF Fund Developer impact fees collected for specific public improvements - fire protection. 259 Maintenance Facilities DIF Fund Developer impact fees collected for specific public improvements - maintenance facilities. 270 Art In Public Places Fund Developer fees collected in lieu of art placement; utilized for acquisition, installation and maintenance of public artworks. 275 LQ Public Safety Officer Fund Annual transfer in from General Fund; distributed to public safety officers disabled or killed in the line of duty. 299 Interest Allocation Fund Interest earned on investments. 310 LQ Finance Authority Debt Service Fund Accounted for the debt service the Financing Authority's outstanding debt and any related reporting requirements. This bond was fully paid in October 2018. 401 Capital Improvement Program Fund Planning, design, and construction of various capital projects throughout the City. 405 SA PA 1 Capital Improvement Fund Successor Agency (SA) Project Area (PA) 1 bond proceeds restricted by the bond indenture covenants. Used for SilverRock infrastructure improvements. 501 Equipment Replacement Fund Internal Service Fund for vehicles, heavy equipment, and related facilities. 502 Information Technology Fund Internal Service Fund for computer hardware and software and phone systems. 503 Park Equipment & Facility Fund Internal Service Fund for park equipment and facilities. 504 Insurance Fund Internal Service Fund for city-wide insurance coverages. 601 SilverRock Resort Fund Enterprise Fund for activities of the city -owned golf course. 602 SilverRock Golf Reserve Fund Enterprise Fund for golf course reserves for capital improvements. 760 Supplemental Pension Plan (PARS Account) Supplemental pension savings plan for excess retiree benefits to general employees of the City. 761 Other Post Benefit Obligation Trust (OPEB) For retiree medical benefits and unfunded liabilities. 762 Pension Trust Benefit (PARS Account) For all pension -related benefits and unfunded liabilities. 15 Page 3 of 3 16 BUSINESS SESSION ITEM NO. 1 City of La Quinta FINANCIAL ADVISORY COMMISSION SPECIAL MEETING May 13, 2026 STAFF REPORT AGENDA TITLE: RECOMMEND COUNCIL APPROVAL OF FISCAL YEAR 2026/27 INVESTMENT POLICY RECOMMENDATION Recommend Council approval of fiscal year 2026/27 Investment Policy. EXECUTIVE SUMMAR` • As outlined in Section XVII of the City's Investment Policy (Policy), and section 2.70.40 of the City of La Quinta Municipal Code, the Financial Advisory Commission (Commission) is tasked with reviewing the Policy annually. • Recommended revisions are also reviewed by the City Manager and City Attorney. • Under California Government Code § 53646(a)(2), an agency may annually render to the legislative body (and any oversight committee) of that local agency a statement of investment policy, which shall be considered at a public meeting. The City generally adopts the Policy annually in June. IMPACT - None. BACKGROUND The City has been awarded the Investment Policy Certificate of Excellence from the Association of Public Treasurers of the United States and Canada (APT US&C), and the Policy has been certified by the California Municipal Treasurers Association (CMTA). With these recognitions, the City believes the Policy is sound and generally not in need of major revisions at this time. In addition, there were no new regulatory changes in fiscal year 2025/26 that impacted the City's policy. Therefore, staff recommends only minor grammatical or formatting changes to the Policy to enhance clarity or correct typographical errors. The proposed updates remain within the legal bounds of California Government Code (the Code), protect the safety and liquidity of the City's investment portfolio, and allow staff to maximize yield when prudent. The Commission reviewed the draft Policy on April 8, 2026 and no additional edits were requested at that time. The draft Policy was also reviewed by the City Attorney and no 17 further revisions were recommended. Therefore, the red -lined edits identified in Attachment 1 reflect the draft presented at that meeting. ALTERNATIVES The policy has been recognized by APT US&C and CMTA as being comprehensive as written, and therefore no alternatives are recommended at this time. Prepared by: Approved by: Attachment: Rosemary Ha!lick, Principal Management Analyst Claudia Martinez, Finance Director/City Treasurer 1. Draft Investment Policy for Fiscal Year 2026/27 (red -lined) 18 ATTACHMENT 1 Fiscal Year 2025/20262026/2027 Table of Contents Section Topic RESOLUTION NO. 20256-XXX014 EXHIBIT k Adopted: June 1716, 20256 Page Executive Summary 1 I General Purpose 2 II Investment Policy 2 III Scope 2 IV Objectives 3 V Maximum Maturities 5 VI Prudence 5 VII Authority 5 VIII Ethics and Conflicts of Interest 6 IX Authorized Financial Dealers and Institutions 6 X Permissible Deposits and Investments 7 XI Investment Pools 10 XII Payment and Custody 10 XIII Interest Earning Distribution Policy 11 XIV Internal Controls and Independent Auditors 11 XV Reporting Standards 12 XVI Review of Investment Portfolio 13 XVII Financial Advisory Commission — City of La Quinta 13 XVIII Investment Policy Adoption 13 Appendices Topic Page A Municipal Code Ordinance 2.70 — Financial Advisory Commission 14 B Municipal Code Ordinance 3.08 — Investment of Moneysand Funds 16 C Segregation of Major Investment Responsibilities 18 D Listing of Approved Financial Institutions 19 E Investment Management Process and Risk 20 F Glossary 22 Formatted: Underline 19 CITY OF LA QUINTA Investment Policy Fiscal Year 202-5/20262026/2027 EXECUTIVE SUMMARY The general purpose of this Investment Policy is to provide the rules and standards that must be followed in administering the City of La Quinta's (the "City") deposits and investments. The City's Investment Policy conforms to all state and local statutes and applies to all deposits and investments of the City, with the exception of bond proceeds and those noted in section III herein. It is the City's policy to deposit and invest public funds in a manner that shall provide safety of principal, liquidity to meet the City's obligations and requirements that may be reasonably anticipated, and a risk -based market rate of return. Authority to manage the City's investment portfolio is derived from the City Municipal Code. Management responsibility for the investment program is delegated to the City Treasurer, who shall establish and implement written procedures for the operation of the City's investment program consistent with the Investment Policy. The City Manager, City Treasurer, and City employees involved in the City's banking and investment process shall conduct the City's business in an ethical manner and refrain from any activity or relationship that may be, or have the appearance of, a conflict of interest. The Investment Policy shall be adopted by resolution of the La Quinta City Council on an annual basis, before the end of each fiscal year (June). Page 1 of 27 20 City of La Quinta Statement of Investment Policy July 1, 2025 2026 through June 30, 20267 Adopted by the City Council on June 1-716, 20252026 I. GENERAL PURPOSE The general purpose of this document is to provide the rules and standards that must be followed in administering the City of La Quinta's deposits and investments. II. INVESTMENT POLICY It is the policy of the City of La Quinta to deposit and invest public funds in a manner that shall conform to all State and local statutes governing the investment of public funds and set forth the permissible deposits and investments of the City's funds and the limitations thereon. III. SCOPE Except noted below, this Investment Policy applies to all deposits and investments of the City of La Quinta, the Successor Agency to the City of La Quinta Redevelopment Agency (the Agency), and the City of La Quinta Financing Authority and The City of La Quinta Housing AuthoriticsAuthority (the Authorities). These funds are reported in the City's Annual Comprehensive Financial Report (ACFR) and include all funds within the following fund types: ➢ General ➢ Special Revenue ➢ Capital Projects ➢ Debt Service ➢ Enterprise ➢ Internal Service ➢ Trust and Agency ➢ Any new fund types and fund(s) that may be created. Financial assets and investment activity not subject to this policy The City's Investment Policy does not apply to the following: ➢ Cash and Investments raised from Conduit Debt Financing; ➢ Funds held in trust in the City's name in pension or other post -retirement benefit programs; ➢ Cash and Investments held in lieu of retention by banks or other financial institutionsfor construction projects; ➢ Short or long-term loans made to other entities by the City, Authorities or Agency; ➢ Short term (Due to/from) or long term (Advances from/to) obligations made either between the City and its funds or between the City, Authorities, and or Agency; and ➢ Investment of bond proceeds. The City's Investment Policy shall not govern bond proceeds and bond reserve fund investments. California Code Section Page 2 of 27 21 5922(d) governs the investment of bond proceeds and reserve funds in accordance with bond indenture provisions. Arbitrage Requirement - The US Tax Reform Act of 1986 requires the City to perform arbitrage calculations and return excess earnings to the US Treasury from investments of proceeds of tax-exempt bond issues sold after the effective date of this law. These -arbitrage calculationGThe City may contracted with an outside source to provide the necessary arbitrage calculations and technical assistance to comply with this regulation. Investable funds subject to the 1986 Tax Reform Act will be kept segregated from other funds and records will be kept in a fashion to facilitate the calculations. The City's investment position relative to the arbitrage restrictions is to continue pursuing the maximum yield on applicable investments while ensuring the safety of capital and liquidity, and to rebate excess earnings, if necessary. IV. OBJECTIVES The objectives of the City's investment activity, in order of priority and importance, are: A. Safety of Principal Safety of principal is the foremost objective of the City's investment program. Investments shall be undertaken in a manner that seeks to ensure the preservation of principal of the overall portfolio in accordance with the permissible deposits and investments. The City shall endeavor to preserve its investment principal by making only permissible deposits and investments, undertaken in a controlled manner to minimize the possibility of loss or misappropriation through malfeasance or otherwise. Investments not backed by the full faith and credit of the United States Government shall be diversified by allocating assets between different types of permissible investments, maturities, and issuers as a means to mitigate credit risk and interest rate risk. Investment in any single security type or single financial institution shall be limited to the maximum percentages and/or dollar amounts as noted in Section X. 1. Credit Risk is the risk of loss from the failure of the security issuer or backer. Credit risk may be mitigated by: • Limiting investments to investment grade securities as permitted in Section X; and • Diversification- reducing concentration risk by limiting the total amount invested in individual issuers of securities in the investment portfolio so that potential losses due to issuer failure or securities downgrades may be minimized. 2. Interest Rate Risk is the risk that market values of securities in the portfolio will decline due to changes in general interest rates. Interest rate risk may be mitigated by: Page 3 of 27 Formatted: Underline 22 • Structuring the investment portfolio so that securities mature to meet cash requirements for ongoing operations, thereby avoiding the need to sell securities on the open market prior to maturity; and • Investing operating funds primarily in shorter -term securities. 3. (Liquidity Risk is the risk that a security cannot be liquidated because of its unique features or structure or because it is thinly traded. Liquidity risk is not a material issue for the City's portfolio because of the permissible deposits and investments (see Section X). A discussion of the City's investment process and risk is presented in Appendix El B. Provide Liquidity The investment portfolio shall remain sufficiently liquid to meet all of the City's cash needs that may be reasonably anticipated. This is accomplished by structuring the portfolio so that sufficient liquid funds are available to meet anticipated demands. Furthermore, since all possible cash needs cannot be anticipated the portfolio should be diversified and consist of securities with active secondary or resale markets. The City's policy is to generally hold securities and other investments to maturity. However, securities may be sold prior to maturity under certain circumstances as follows: • A security with declining credit quality can be sold early to minimize loss of principal. • Unanticipated liquidity needs of the portfolio require that one or more securities be sold. • When a sale/repurchase is fiscally advantageous based on market conditions and fits the needs of the portfolio C. Yield a Risk -Based Market Rate of Return The City's investment portfolio shall be structured with the objective of yielding a risk -based market rate of return throughout budgetary and economic cycles, commensurate with the investment risk constraints and the cash flow needs. Return on investment is less important than the safety and liquidity objectives described above. The City's Investment Policy does not specify a single benchmark as a goal or target yield for a rate of return on its investment portfolio. The portfolio's rates of return will be influenced by several factors, including actions by the Federal Reserve Board, the marketplace, and overall economic perceptions and conditions. Performance Standards: As a basis for comparison only, the Treasurer's quarterly reports will display the rates of return on the three-month Bill, six-month Bill, the one and two-year U.S. Treasury Note, and the yield for the State Treasurer's Local Agency Investment Fund (LAIF). The Treasurer may use these or any other published rates of return that the Treasurer deems appropriate for comparison to the return on the City's investment portfolio. Page 4 of 27 Commented [RH1]: Keep as is, but move to section B I "Provide Liquidity" commensurate with the investment rick constraints and the cash flow needs. V. ,MAXIMUM MATURITIES It is the City's policy to generally hold securities and other investments until maturity. This buy -and - hold policy shall not prevent the sale of a security as listed in section IV.B The general buy -and -hold strategy requires that the City's investment portfolio be structured so that sufficient liquid funds are available from maturing investments and other sources to meet all reasonably anticipated cash needs. The City shall follow Title 5 of the California Government Code §53601 (the "State Code") regarding maximum maturities, in that "no investment shall be made in any security...that at the time of the investment has a term remaining to maturity in excess of five years, unless the legislative body has granted express authority to make that investment either specifically or as part of an investment program approved by the legislative body no less that three months prior to the investments". In order to accommodate the occasional occurrence of settlement dates slightly exceeding five (5) years to final maturity, the City may invest in any security that has a maturity of five (5) years plus up to thirty (30) days from settlement date. In no case shall a forward settlement date exceed 45 days from the time of investment. VI. RUDENCE and FIDUCIARY DUTY The City shall follow the State Code §53600.3 regarding fiduciary duty and the Prudent Investor Standard as follows: Except as provided in subdivision (a) of §27000.3, all governing bodies of local agencies or persons authorized to make investment decisions on behalf of those local agencies investing public funds pursuant to this chapter are trustees and therefore fiduciaries subject to the prudent investor standard. When investing, reinvesting, purchasing, acquiring, exchanging, selling, or managing public funds, a trustee shall act with 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 agency, that a prudent person acting in a like capacity and familiarity with those matters would use in the conduct of funds of a like character and with like aims, to safeguard the principal and maintain the liquidity needs of the agency. Within the limitations of this section and considering individual investments as part of an overall strategy, investments may be acquired as authorized by law. VII. AUTHORITY Authority to manage the City's investment portfolio is derived from Chapter 3.08 of the City's Municipal Code. Management responsibility for the investment program is delegated to the City Treasurer for a period of one year pursuant to State Code §53607 and the City Council's annual approval. The City Treasurer shall establish written procedures for the operation of the investment program consistent with the Investment Policy. Procedures should include reference to safekeeping, wire transfer agreements, banking service contracts, and collateral/depository agreements. Such procedures shall include explicit delegation of authority to persons responsible for investment transactions. No person may Page 5 of 27 Formatted: Underline Formatted: Underline Formatted: Underline 24 engage in an investment transaction except as provided under the terms of this Investment Policy (see Appendix C) and the procedures established by the City Treasurer. The City Treasurer shall be responsible for all transactions undertaken and shall establish a system of controls to regulate the activities of subordinate officials. VIII. , ETHICS AND CONFLICTS OF INTEREST The City Manager, City Treasurer, and City employees involved in the City's banking and investment process shall conduct the City's business in an ethical manner and refrain from any activity or relationship that may be, or have the appearance of, a conflict of interest. The City will maintain compliance with the procedures set forth in the Conflicts of Interest and Acceptance of Gifts and other Gratuities section of the City of La Quinta Personnel Manual and the City's Municipal Code Chapter 2.60 Conflicts of Interest. Any questionable activity or relationship shall be reported immediately; reporting must be made in accordance with the personnel policies of the City and, until resolved, the officer or employee shall refrain from participating in the City's business related to the matter. The City Manager, City Treasurer, and City employees may conduct personal business with banks, brokers, and other financial institutions that are authorized to conduct —do -business with the City, provided that the terms of the activityoffered to the account holder with tho City are the same as those that are available to the general public in general, or to all employees as a result of contract negotiations. IX. AUTHORIZED FINANCIAL DEALERS AND INSTITUTIONS The City Treasurer maintains a listing of financial institutions which are approved for direct investment purposes, as well as a list of approved broker/dealers. 1. Broker/Dealers who desire to offer direct investment transactions must supply the City with the following, if applicable: • Proof of Financial Industry Regulatory Authority (FINRA) Certification; • Proof of State of California registration; • Resume of financial broker; and • Completion of the City of La Quinta Broker/Dealer Questionnaire, which contains a certification of having read the City's Investment Policy. The City Treasurer or designee shall evaluate the documentation submitted by the broker/dealer and independently verify existing reports on file for any firm and/or individual(s) conducting investment: -related business. The City Treasurer or designee may also contact the following agencies during the verification process: • Financial Industry Regulatory Authority (FINRA) Public Disclosure Report File(1- 800-289-9999). Page 6 of 27 Formatted: Underline J Formatted: Underline 25 • State of California Department of Financial Protection and Innovation (1- 866-275- 2677). A professional investment manager or management firm, if engaged by the City pursuant to Section X of this policy, may utilize their own list of approved broker/dealers on the condition that any such list is provided to the City upon request. All Broker/Dealers and financial institutions that provide investment services will be subject to City Council approval. An annual review of the financial condition and registrations of approved broker/dealers will be conducted by the City Treasurer or designee. Current audited financial statements, FINRA reporting, and/or System and Organizational Controls (SOC-1 and/or SOC-2) internal control reports may be maintained on file for each financial institution and/or broker/dealer with which the City conducts business, as applicable. Each mutual fund shall provide a prospectus and statement of additional information. 2. Financial Institutions will be required to meet the following criteria in order to receive City funds for deposit or investment (see Appendix D, "Listing of Approved Financial Institutions"): • Insurance - Public Funds shall be deposited only in financial institutions having accounts insured by the Federal Deposit Insurance Corporation (FDIC) or the National Credit Union Share Insurance Fund (NCUSIF). • Disclosure - Each financial institution maintaining invested funds in excess of the FDIC insured amount shall furnish the City a copy of the most recent Call Report (Consolidated Reports of Condition and Income) if requested. These reports can also be found at: https://cdr.ffiec.gov/public/ManageFacsimiles.aspx The City shall not invest or deposit in excess of the FDIC insured amount in banking institutions which do not disclose to the city a current listing of securities pledged for collateralization in public monies. X. , PERMISSIBLE DEPOSITS AND INVESTMENTa It is the City's policy to follow Title 5 of the State Code3 in regard to allowable securities, and to be sufficiently diversified with regard to security type and issuer. Permissible deposits and investments, as allowed by Chapter 4, Part 1, Division 2, Title 5 (hereinafter cited by §), include, but are not limited to, the following list, (which in some instances may be more restrictive than State Code). The State Code can be directly referenced at: https: // l eg i nfo.l eq i s l atu re. ca. gov/ Page 7 of 27 Formatted: Underline 26 Checking, Savings, and Sweep Accounts - The City will only maintain checking and savings accounts with state or national banks, savings associations, federal associations, and/or credit unions in accordance with §53635.2. The City may also purchase non-negotiable certificates of deposits, provided that either the combined balances at any banking institution do not exceed FDIC limits or funds are collateralized as noted below. • Collateralization: The amount of the City's deposits or investments not insured by the FDIC shall be collateralized by securities in accordance with §53652. The Treasurer may invest in an interest -bearing active deposit account as approved in §53632. The deposit account must be collateralized with securities that are in accordance with §53632.5. In addition, the market value of the collateralized securities must be maintained in accordance with §53652 and be held by a custodian in accordance with the requirements of §53656. The proportion of the City's share of the deposit account shall be determined in accordance with §53658. Negotiable Certificates of Deposit— As authorized in §53601(i), the City may invest in Negotiable Certificates of Deposits (CD) up to 30% of the overall portfolio. In no instance shall a CD or combined CDs with a single issuer exceed the FDIC or NCUSIF insurance limit of $250,000. U.S. Treasury Bills, Notes, and Bonds — As authorized in §53601(b), the City may invest in U.S. Treasury bills, notes, and bonds directly issued and backed by the full faith and credit of the U.S. Government. The City's Investment Policy provides for investments in U.S. Treasury issues of 100% of the portfolio. U.S. Government Agency Securities and Federal Government Securities — As authorized in §53601(f), the City may invest in securities issued by U.S. Government instrumentalities and agencies (commonly referred to as government sponsored enterprises or GSE's). These securities may not be backed by the full faith and credit of the U.S. Government (with the exception of Government National Mortgage Association (GNMA) securities). Examples of GSE's include Federal National Mortgage Association (FNMA), Federal Home Loan Mortgage Corporation (FHLMC), Federal Home Loan Banks (FHLB), Federal Farm Credit Banks Funding Corporation (FFCB), Federal Agricultural Mortgage Corporation (FAMC), Tennessee Valley Authority (TVA), and GNMA securities. The City's Investment Policy allows investment only in securities of GNMA, FNMA, FHLMC, FHLB, and FFCB. For Fiscal Year 2024/252026/27, the maximum face amount per issuer is $30 million and the maximum face amount per purchase is $10million. Prime Commercial Paper — As authorized in §53601(h), a portion of the City's portfolio may be invested in commercial paper of the highest rating as provided for by a nationally recognized statistical rating organization (NRSRO) such as Moody's, Fitch, or Standard & Poor's (S&P). There are a number of other qualifications regarding investments in commercial paper based on the financial strength and size of the corporation and the size of the investment. The City limits on prime commercial paper are as defined in the State Code. Page 8 of 27 27 Local Agency Investment Fund (LAIF) — As authorized in §16429.1 and by LAIF policies, local government agencies are each authorized to invest up to the deposit limit as designated by the California State Treasurer. The City Treasurer may not invest more than the maximum amount per account as allowed by LAIF. Money Market Mutual Funds —As authorized in §53601(I), local agencies are authorized to invest in shares of beneficial interest issued by diversified management companies (mutual funds) in an amount not to exceed 20% of the agency's portfolio. There are a number of other qualifications and restrictions regarding allowable investments in corporate notes and shares of beneficial interest issued by mutual funds which include (1) attaining the highest ranking or the highest letter and numerical rating provided by not less than two of the three largest nationally recognized rating services, or (2) having an investment advisor registered with the Securities and Exchange Commission with not less than five years' experience investing in the securities and obligations and with assets under management in excess of five hundred million dollars ($500,000,000). Corporate Notes — As authorized in §53601(k), local agencies may invest in corporate notes. The notes must be issued by corporations organized and operating in the United States or by depository institutions licensed by the United States or any other state and operating in the United States. The City's Investment Policy allows investment in corporate notes authorized by the Government Code with the following limitations: • Maximum 30% of the portfolio; • Maturities shall not exceed five years from date of purchase; • Eligible notes shall be regularly quoted and traded in the marketplace; • Eligible notes shall be in a rating category of "AA" or better by anNRSRO; • The maximum aggregate investment in each issuer shall not exceed $5 million (PAR value), or no more than 10% of the total investment assets in the commercial paper and the medium -term notes of any single issuer whichever is less. Professionally Managed Account(s) — The City Treasurer may place the portfolio with a professional portfolio management/investment management firm (firm). The firm will be approved by the City Council based upon the City Treasurer's recommendation pursuant to completion of a public request for proposal (RFP). The firm shall have: • An established professional reputation for asset or investment management; • Knowledge and working familiarity with State and Federal laws governing and restricting the investment of public funds; • Substantial experience providing investment management services to local public agencies whose investment policies and portfolio size are similar to those of theCity; • Professional liability (errors and omissions) insurance and fidelity bonding in such amounts as are required by the City; and Page 9 of 27 28 • Registration with the Securities and Exchange Commission under the Investment Advisers Act of 1940 Before engagement by the City and except as may be specifically waived or revised, the firm shall commit to adhere to the provisions of the City's Investment Policy with the following exceptions: • The firm may be granted the discretion to purchase and sell investment securities in accordance with this Investment Policy; • The firm is not required to adhere to a buy -and -hold policy; and • The firm does not need City Manager or City Treasurer approval to make permissible investments. ns Municipal Bonds — As authorized in §53601(a), (c), (d)—and §53601(e), the City may invest in California local agency obligations.bonds issues by the local agency, the State of California, the other 49 states, and other local agencies within this state, §53601(a) portains to invosting in bonds issuod by a local agcncy, or by thc dopartmont, agcncy, or dcpartmcnt, board, agency or authority of thc local agcncy within thc Statc of California. The Ageflsyebligatieasmunicipal obligations must be invested rated in the long- term rating category of A or better by an NRSRO. In the case of an initial public offering, including refinancings, the Treasurer may purchase directly from the Bond Underwriter. In the case of secondary issues, the Treasurer will rely on the approved Broker/Dealers. XI. INVESTMENT POOLS There are three (3) types of investment pools: • State -run pools (e.g., the Local Agency Investment Fund (LAIF1); • Pools that are operated by a political subdivision where allowed by law and the political subdivision is the trustee (e.g., County Pools, and Joint Powers Authorities such as the California Asset Management Program (CAMP), CalTrust, or California Class); and • Pools that are operated for profit by third parties (e.g. money marketfunds). The City's Investment Policy permits investment in pools and money market funds as authorized by State Code §16429.1, §53601(I) and §53601(p). XII. PAYMENT AND CUSTODY The City shall engage qualified third -party custodians to act in a fiduciary capacity to maintain appropriate evidence of the City's ownership of securities and other eligible investments. Such custodians shall disburse funds received from the City for a purchase to the broker, dealer or seller only after receiving evidence that the City has legal, record ownership of the securities. Page 10 of 27 Formatted: Underline 1 29 Even though ownership is evidenced in book -entry form rather than by actual certificates, this procedure is commonly referred to as the delivery versus payment (DVP) method for the transfer of securities. XIII. INTEREST EARNING DISTRIBUTION POLICY Interest earnings are generated from pooled investments and specific investments. The following provisions apply to the calculation and distribution of interest earnings. 1. Pooled Investments — It is the general policy of the City to pool all available operating cash of the City of La Quinta, Successor Agency to the City of La Quinta Redevelopment Agency, La Quinta Financing Authority, and La Quinta Housing Authority, and to allocate interest earnings as a payment to each fund of an amount based on the month -end cash balance included in the common portfolio for the earning period. 2. Specific Investments — Specific investments purchased by a fund shall incur all earnings and expenses to that particular fund. XIV. INTERNAL CONTROLS AND INDEPENDENT AUDITOR The City Treasurer shall establish a system of internal controls to accomplish the following objectives: • Safeguard assets; • The orderly and efficient conduct of its business, including adherence tomanagement policies; • Prevention or detection of errors and fraud; • The accuracy and completeness of accounting records; and • Timely preparation of reliable financial information. While no internal control system, however elaborate, can guarantee absolute assurance that the City's assets are safeguarded, it is the intent of the City's internal control to provide a reasonable assurance that management of the investment function meets the City's objectives. The internal controls system shall address the following: • Control of collusion. Collusion is a situation where two or more employees are working in conjunction to defraud their employer. • Separation of transaction authority from accounting and record keeping. By separating the person who authorizes or performs the transaction from the people who record or otherwise account for the transaction, a separation of duties is achieved. • Custodial safekeeping. Securities purchased from any bank or dealer including appropriate collateral (as defined by State Law) shall be placed with an independent third party for custodial safekeeping. • Avoidance of physical delivery securities. Book entry securities are much easier to transfer and account for since actual delivery of a document nevertakes Page 11 of 27 30 place. Delivered securities must be properly safeguarded against loss or destruction. The potential for fraud and loss increases with physically delivered securities. • Clear delegation of authority to subordinate staff members. Subordinate staff members must have a clear understanding of their authority and responsibilities to avoid improper actions. Clear delegation of authority also preserves the internal control structure that is contingent on the various staff positions and their respective responsibilities as outlined in the Segregation of Major Investment Responsibilities (AppendixC). • Written confirmation of telephone transactions for investments and wire transfers. Due to the potential for error and improprieties arising from telephone transactions, all telephone transactions shall be supported by written communications or electronic confirmations and approved by the appropriate person. Written communications may be via fax or email if on letterhead and the safekeeping institution has a list of authorized signatures. Fax correspondence must be supported by evidence of verbal or written follow- up. • Development of a wire transfer agreement with the City's bank and third -party custodian. This agreement should outline the various controls, security provisions, and delineate responsibilities of each party making and receiving wire transfers. The system of internal controls developed by the City shall be reviewed annually by the independent auditor in connection with the annual audit of the City's Financial Statements. The independent auditor's letter on internal control over financial reporting and compliance as it pertains to cash and investments, if any, shall be directed to the City Manager who will direct the City Treasurer to provide a written response to the independent auditor's letter. The auditor's letter, as it pertains to cash and investment activities, and the City Treasurer's response shall be provided to the City's Financial Advisory Commission for their consideration. Following the completion of each annual audit, the independent auditor shall meet with the Financial Advisory Commission and discuss the auditing procedures performed and the review of internal controls fur —over cash and investment activities. Scc Appcndix C, "Scgregation of Major Investment Responsibilities." XV. REPORTING STANDARDS The City Treasurer shall submit a quarterly Treasurer's Report to the City Council and the Financial Advisory Commission that includes all cash and investments under the authority of the Treasurer. In addition, the City Treasurer or designee shall ensure all investment transactions are reported on at least a monthly basis as they occur throughout the quarter. The Treasurer's Report shall summarize cash and investment activity and changes in balances and include the following: • A certification by the City Treasurer; • A listing of purchases and sales/maturities of investments; Page 12 of 27 31 • Cash and Investments categorized by authorized investments; LAIF will also be provided quarterly and show yield and maturity; • Comparison of month -end actual holdings to Investment Policy limitations; • A two-year list of historical interest rates. XVI. REVIEW OF INVESTMENT PORTFOLIO The securities held by the City must be in compliance with this Policy at the time of purchase. Due to market conditions, some securities may no longer comply subsequent to the date of purchase, therefore a formal quarterly review of the portfolio will be conducted to identify any securities which may have fallen out of compliance. Additionally, staff will monitor monthly statements, financial news, market updates, custodial bank corporate actions notices and/or any other information available that may communicate current ratings or credit quality of investments. Any major incidences of noncompliance identified during such review will be reported to the Financial Advisory Commission for confirmation of staff course ofaction. XVII. ,FINANCIAL ADVISORY COMMISSION - CITY OF LA QUINTA The Financial Advisory Commission (FAC) is composed of seven members from the public that are appointed by the City Council. The FAC's membership, qualifications, and powers and duties are prescribed in Chapter 2.70 of the La Quinta Municipal Code and included in this policy as Appendix A. On an annual basis, in conjunction with the Political Reform Act disclosure statutes, or at any time if a change in circumstances warrants, each commissioner will provide the City Council with a disclosure statement which identifies any matters that have a bearing on the appropriateness of that member's service on the FAC. All commissioners shall report annually to the City Clerk on Form 700, Statement of Economic Interests, any activities, interests, or relationships that may be, or have the appearance of, a conflict of interest. XVIII. INVESTMENT POLICY ADOPTION The City's Investment Policy will be reviewed annually by the City's Financial Advisory Commission and the City Treasurer. The Financial Advisory Commission will forward the Investment Policy with any revisions to the City Manager and City Attorney for their review and comment. A joint meeting will be held with the Financial Advisory Commission, City Manager, City Attorney, and City Treasurer to review the Investment Policy and any comments prior to submission to the City Council for their consideration. The Investment Policy shall be adopted by resolution of the City Council annually before the end of June of each year. Page 13 of 27 Formatted: Underline 32 APPENDIX A City of La Quinta Municipal Code Chapter 2.70 FINANCIAL ADVISORY COMMISSION 2.70.010 General rules regarding the financial advisory commission. Except as set out below, see Chapter 2.06 for general provisions. 2.70.020 Number of members. The financial advisory commission ("FAC") shall initially consist of seven members appointed by, and serving at the will of, the city council. The city council may increase or decrease the number of members from time to time but in no event shall the membership exceed nine members or be less than five members. 2.70.30 Qualifications of members. A. In addition to the qualification requirements set forth in Section 2.06.040 of this code, a minimum of three of the members shall be finance professionals and shall have a verifiable background in finance and/or securities, preferably with knowledge and/or experience in markets, financial controls and accounting for securities. B. For those applying for the professional position, background information will be requested, and potential candidates must agree to a background check and verification by the city manager or designee. 2.70.40 Powers and duties. A. The principal functions of the FAC are: 1. Review at least annually the city's investment policy and recommend appropriate changes; 2. Review at least quarterly the treasury report and note compliance with the investment policy and adequacy of cash and investments for anticipated obligations; 3. Receive and consider other reports provided by the city treasurer; 4. Meet with the independent auditor after completion of the annual audit of the city's financial statements, and receive and consider the auditor's comments on auditing procedures, internal controls, and findings for cash and investment activities; 5. Review at least annually the revenue derived from the one percent (1%) transactions and use tax instituted by voters in November 2016 to ensure these funds are used to provide services, programs and capital projects in the city of La Quinta. Page 14 of 27 33 6. Serve as a resource for the city treasurer on matters such as proposed investments, internal controls, use of or change of financial institutions, custodians, brokers and dealers. B. The FAC will report to the city council after each meeting either in person or through correspondence at a regular city council meeting. (Ord. 556 § 1, 2017) 2.70.050 References to the Investment Advisory Board. If any other chapter(s) or section(s) in this code refers to the Investment Advisory Board, that chapter(s) or section(s) shall be deemed to refer to the Financial Advisory Commission established by the ordinance amending chapter 2.70 of this code. Page 15 of 27 34 APPENDIX B City of La Quinta Municipal Code Chapter 3.08 INVESTMENT OF MONEYS AND FUNDS 3.08.010 Investment of city moneys and deposit of securities. Pursuant to, and in accordance with, and to the extent allowed by Sections 53607 and 53608 of the California Government Code, the authority to invest and reinvest moneys of the city, to sell or exchange securities, and to deposit them and provide for their safekeeping, is delegated to the city treasurer, which, for purposes of this chapter, is defined in Section 2.12.010 of this code. (Ord. 529 § 1, 2015; Ord. 2 § 1, 1982) 3.08.020 Authorized investments. Pursuant to the delegation of authority in Section 3.08.010, the city treasurer is authorized to purchase, at their original sale or after they have been issued, securities which are permissible investments under the city council adopted city investment policy and any provision of state law relating to the investing of general city funds, including, but not limited to, Sections 53601 and 53635 of the California Government Code, as said sections now read or may hereafter be amended, from moneys in the city treasurer's custody which are not required for the immediate necessities of the city and as he or she may deem wise and expedient, and to sell or exchange for other eligible securities and reinvest the proceeds of the securities so purchased. (Ord. 529 § 1, 2015; Ord. 2 § 1, 1982) 3.08.030 Sales of Securities. From time to time the city treasurer shall sell the securities in which city moneys have been invested pursuant to this chapter, so that the proceeds may, as appropriate, be applied to the purchase for which the original purchase money may have been designated or placed in the city treasury. (Ord.2 § 1 1982) 3.08.040 City bonds. Bonds issued by the city and purchased pursuant to this chapter may be cancelled either in satisfaction of sinking fund obligations or otherwise if proper and appropriate; provided, however, that the bonds may be held uncancelled and while so held may be resold. (Ord. 2 § 1 (part), 1982) 3.08.050 Reports. The city treasurer shall make a quarterly report to the city council of all investments made pursuant to the authority delegated in this chapter and as permitted by Section 53646(b)(1) of the Government Code. (Ord. 529 § 1, 2015; Ord. 2 § 1,1982) 3.08.060 Deposits of securities. Pursuant to the delegation of authority in Section 3.08.010, the city treasurer is authorized to deposit for safekeeping, the securities in which city moneys have been invested pursuant to this chapter, in any institution or depository authorized by the city council adopted investment policy and terms of any state law, including, but not limited to, Section 53608 of the Government Code, as it now reads or may hereafter be amended. In accordance with said section, the city treasurer shall take from the institution or depository a receipt for the securities so deposited and shall not be responsible for the securities delivered to and receipted for by the institution or depository Page 16 of 27 35 until they are withdrawn therefrom by the city treasurer. (Ord. 529 § 1, 2015; Ord. 2 § 1, 1982) 3.08.070 Trust fund administration. Any departmental trust fund established by the city council pursuant to Section 36523 of the Government Code shall be administered by the city treasurer in accordance with Section 36523 and 36524 of the Government Code and any other applicable provisions of law. (Ord. 2 § 1, 1982) Page 17 of 27 36 APPENDIX C SEGREGATION OF MAJOR INVESTMENT RESPONSIBILITIES Function Develop and recommend modifications to the City's formal Investment Policy Review City's Investment Policy and recommend City Council action Adopt formal Investment Policy Implement formal Investment Policy Review financial institutions and select investments Acknowledge investment selections Execute investment transactions Confirm wires Record investment transactions in City's accounting records Investment certification- match broker confirmation to City's investment records Reconcile investment records to accounting records and bank statements Reconcile investment records to treasurer's report of investments Security of investments at City Security of investments outside of City Review internal control procedures Responsible Parties City Treasurer, Principal Management Analyst, and Financial Advisory Commission City Manager and City Attorney City Council City Treasurer City Treasurer or Principal Management Analyst City Manager or his/her designee City Manager, City Treasurer, or Principal Management Analyst Finance Manager, Senior Accountant, or Administrative Technician Finance Manager or Senior Accountant City Treasurer or Principal Management Analyst Principal Management Analyst City Treasurer, Finance Manager or Principal Management Analyst Finance Manager or Administrative Technician Third Party Custodian External Auditor Page 18 of 27 37 Listing of Approved Financial Institutions Banking Services Custodian Services Deferred Compensation Broker/Dealer Services Government/Joint Powers Authority Pools APPENDIX D -Sunwest Bank, Irvine, CA (Banking Services - Dune Palms Mobile Estates) -BMO Commercial Bank -Stifel -U.S. Bank Trust Company, N.A. -Intemational City/County Management Association Retirement Corporation (ICMA-RC) dba MissionSquare Retirement -Stifel, Nicholaus, & Company, Inc. -Higgins Capital Management, Inc. -Great Pacific Securities -State of Califomia Local Agency Investment Fund (LAIF) -California Asset Management Program (CAMP) -County of Riverside Pooled Investment Fundm Trustee Services -U.S. Bank Trust Company, NA0 Other Post Employment Benefits (OPEB) Trust -California Employers' Retirement Benefits Trust (CERBT)/CaIPERS Pension Trust - Administration -Public Agency Retirement Services (PARS) (11The County of Riverside Treasurer maintains one Pooled Investment Fund for all local jurisdictions having funds on deposit in the County Treasury. The City's fire funds, which are property taxes collected to fund fire services in the City, are kept in reserve with the County to be used as expenses are incurred. (Z) U.S. Bank is thefiscal agent forthefollowi ng bonds: 2016 and 2021 SuccessorAgencytothe La Quinta RedevelopmentAgency (RDA) Bonds. As of March 2024, U.S. Bank is thecustodianforthe City's investment portfolio. U.S. Bank is alsothetrustee and asset custodian for the PARS pension trust and the CAMP pool.. Page 19 of 27 38 APPENDIX E INVESTMENT MANAGEMENT PROCESS AND RISK Except as provided for in Section 27000.3, Government Code Section 53600.3 declares as a trustee each person, treasurer, or governing body authorized to make investment decisions on behalf of local agencies. Trustees are subject to the prudent investor standard. These persons shall act with care, skill, prudence, and diligence under the circumstances then prevailing when investing, reinvesting, purchasing, acquiring, exchanging, selling, and managing funds. Section 53600.5 further stipulates that the primary objective of any person investing public funds is to safeguard principal; secondly, to meet liquidity needs of the depositor; and lastly, to achieve a return or yield on invested funds (Government Code Section 27000.5 specifies the same objectives for county treasurers and board of supervisors). Risk is inherent throughout the investment process. There is investment risk associated with any investment activity and opportunity risk related to inactivity. Market risk is derived from exposure to overall changes in the general level of interest rates while credit risk is the risk of loss due to the failure of the insurer of a security. The market value of a security varies inversely with the level of interest rates. If an investor is required to sell an investment with a five percent yield in a comparable seven percent rate environment, that security will be sold at a loss. The magnitude of that loss will depend on the amount of time until maturity. Purchasing certain allowable securities with a maturity of greater than five years requires approval of the governing board (see Government Code Section 53601). Part of that approval process involves assessing and disclosing the risk and possible volatility of longer -term investments Another element of risk is liquidity risk. Instruments with call features or special structures, or those issued by little known companies, are examples of "story bonds" and are often thinly traded. Their uniqueness often makes finding prospective buyers in a secondary market more difficult and, consequently, the securities' marketability and price are discounted. However, under certain market conditions, gains are also possible with these types of securities. Default risk represents the possibility that the borrower may be unable to repay the obligation as scheduled. Generally, securities issued by the federal government and its agencies are considered the most secure, while securities issued by private corporations or negotiable certificates of deposit issued by commercial banks have a greater degree of risk. Securities with additional credit enhancements, such as bankers acceptances, collateralized repurchase agreements and collateralized bank deposits are somewhere between the two on the risk spectrum. The vast majority of portfolios are managed within a buy and hold policy. Investments are purchased with the intent and capacity to hold that security until maturity. At times, market forces or operations may dictate swapping one security for another or Page 20 of 27 39 selling a security before maturity. Continuous analysis and fine tuning of the investment portfolio are considered prudent investment management. The Government Code contains specific provisions regarding the types of investments and practices permitted after considering the broad requirement of preserving principal and maintaining liquidity before seeking yield. These provisions are intended to promote the use of reliable, diverse, and safe investment instruments to better ensure a prudently managed portfolio worthy of public trust. Source: Chapter II. Fund Management from the Local Agency Investment Guidelines Issued by California Debt and Investment Advisory Commission Page 21 of 27 40 APPENDIX F GLOSSARY The purpose of this glossary is to provide the reader of the City of La Quinta investment policies with a better understanding of financial terms as used in municipal investing or the financial sector in general. The glossary was adopted from the California Municipal Treasurers Association, therefore all terms appearing in this glossary may not be used in the policy. AGENCIES: Federal agency securities and/or Government -sponsored enterprises. ANNUAL COMPREHENSIVE FINANCIAL REPORT (ACFR): The official annual report for the City of La Quinta. It includes combined statements for each individual fund and account group prepared 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. ASKED: The price at which securities are offered. BANKERS' ACCEPTANCE (BAI: A draft or bill or exchange accepted by a bank or trust company. The accepting institution guarantees payment of the bill, as well as the issuer. 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. CERTIFICATE OF DEPOSIT (CD): A time deposit with a specific maturity evidenced by a certificate. Large- denomination CD's are typically negotiable. COLLATERAL: Securities, evidence of deposit or other property which a borrower pledges to secure repayment of a loan. Also refers to securities pledged by a bank to secure deposits of public monies. COMMERCIAL PAPER: Short-term unsecured promissory notes issued by a corporation to raise working capital. These negotiable instruments are purchased at a discount to par value or at par value with interest bearing. Commercial papers are issued by corporations such as General Motors Acceptance Corporation, IBM, Bank America, etc. CONDUIT FINANCING: A form of Financing in which a government or a government agency lends its name to a bond issue, although it is acting only as a conduit between a specific project and bond holders. The bond holders can look only to the revenues from the project being financed for repayment and not to the government or agency whose name appears on the bond. 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. 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. Page 22 of 27 41 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 at discount and redeemed at maturity for full face value DIVERSIFICATION: Dividing investment funds among a variety of securities offering independent returns. GOVERNMENT SPONSORED ENTERPRISES (GSEs): Privately held corporations with public purposes created by the U.S. Congress to reduce the cost of capital for certain borrowing sectors of the economy. Securities issues by GSEs carry the implicit backing of the U.S. Government, but they are not direct obligations of the U.S. Government. Typically referred to as 'Agency Bonds' or 'Agencies'. FNMAs or Fannie Mae (Federal National Mortgage Association) - Like GNMA 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. Fannie Mae, as the corporation is called, is a private stockholder -owned corporation. 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 assumes and guarantees that all security holders will receive timely payment of principal and interest. FHLBs (Federal Home Loan Bank) - Issued by the Federal Home Loan Bank System to help finance the housing industry. The notes and bonds provide liquidity and home mortgage credit to savings and loan associations, mutual savings banks, cooperative banks, insurance companies, and mortgage -lending institutions. They are issued irregularly for various maturities. The minimum denomination is $5,000. The notes are issued with maturities of less than one year and interest is paid at maturity. FFCBs (Federal Farm Credit Bank) — Debt instruments used to finance the short and intermediate term needs of farmers and the national agricultural industry. They are issued monthly with three- and six-month maturities. The FFCB issues larger issues (one to ten year) on a periodic basis. These issues are highly liquid. Page 23 of 27 42 FHLMCs or Freddie Mac (Federal Home Loan Mortgage Corporation) - a government sponsored entity established in 1970 to provide a secondary market for conventional home mortgages. Mortgages are purchased solely from the Federal Home Loan Bank System member lending institutions whose deposits are insured by agencies of the United States Government. They are issued for various maturities and in minimum denominations of $10,000. Principal and interest is paid monthly. FAMCs or Farmer Mac (Federal Agricultural Mortgage Corporation) - FAMC increases the availability and affordability of credit for the benefit of American agriculture and rural communities. They are the nation's premier secondary market for agricultural credit, providing financial solutions to a broad spectrum of the agricultural community, including agricultural lenders, agribusinesses, and other institutions that can benefit from access to flexible, low-cost financing and risk management tools. FAMC is regulated by the Farm Credit Administration. Other federal agency issues are Small Business Administration notes (SBA's), Government National Mortgage Association notes (GNMA's), and Tennessee Valley Authority notes (TVA's). FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC): A federal agency that insures bank deposits, currently up to $250,000 per deposit per entity. 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 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 United States created byCongress and consisting of a seven -member Board of Governors in Washington, D.C., 12 regional banks and about 3,000 commercial banks that are members of the system. GOVERNMENT NATIONAL MORTGAGE ASSOCIATION (GNMA or Ginnie Mae): Securities influencing the volume of bank credit guaranteed by GNMA and issued by mortgage bankers, commercial banks, savings and loan associations, and other institutions. Security holder is protected by full faith and credit of the U.S. Government. Ginnie Mae securities are backed by the FHA, VA or FMHM mortgages. The term "pass-throughs" is often used to describe Ginnie Maes. LAIF (Local Agency Investment Fund): - A special fund in the State Treasury which local agencies may use to deposit funds for investment. There is no minimum investment period, the minimum transaction is $5,000 and the City follows the state guidance for maximum total balance. The City is restricted to a maximum of ten transactions per month. It offers high liquidity because deposits can be converted to cash in 24 hours and no interest is lost. All interest is distributed to those agencies participating on a proportionate share basis determined by the amounts deposited and the length of time Page 24 of 27 43 they are deposited. Interest is paid quarterly. The State retains an amount for reasonable costs of making the investments, not to exceed one-half of one percent of theearnings. 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 GOVERNMENT INVESTMENT POOL (LGIP): The aggregate of all funds from political subdivisions that are placed in the custody of the State Treasurer for investment and reinvestment MARKET VALUE: The price at which a security is trading and could presumably be purchased or sold. MASTER REPURCHASE AGREEMENT: A written contract covering all future transactions between the parties to repurchase -reverse repurchase agreements that establish each party's rights in the transactions. A master agreement will often specify, among other things, the right of the buyer- lender to liquidate the underlying securities in the event of default by the seller - borrower. MATURITY: The date upon which the principal or stated value of an investment becomes due and payable. MONEY MARKET: The market in which short-term debt instruments (bills, commercial paper, bankers' acceptances, etc.) are issued and traded. NRSRO (NATIONALLY RECOGNIZED STATISTICAL RATING ORGANIZATION): A credit rating agency recognized by the Securities and Exchange Commission (SEC). Examples include Fitch Ratings, Inc., Moody's Investor's Services, Inc., and S&P Global Ratings, among others. OFFER: The price asked 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. PORTFOLIO: Collection of all cash and securities under the direction of the City Treasurer, including Bond Proceeds. 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. Page 25 of 27 44 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. REPURCHASE AGREEMENT (RP OR REPO) and REVERSE REPURCHASE AGREEMENTS (RRP or RevRepo): A holder of securities sells these securities to an investor with an agreement to repurchase them at a fixed price on a fixed date. The security "buyer" in effect lends the "seller" money for the period of the agreement, and the terms of the agreement are structured to compensate him for this. Dealers use RP extensively to finance their positions. Exception: When the Fed is said to be doing RP, it is lending money that is increasing bank reserves. SAFEKEEPING: A service to customers rendered by banks for a fee whereby securities and valuables of all types and descriptions are held in the bank's vaults for protection. SECONDARY MARKET: A market made for the purchase and sale of outstanding issues following the initial distribution. SECURITIES & EXCHANGE COMMISSION: Agency created by Congress to protect investors in securities transactions by administering securities legislation. SEC RULE 15C3-1: See Uniform Net Capital Rule. SSAE 16: The Statement on Standards for Attestation Engagements No. 16 (SSAE 16) is a set of auditing standards and guidance on using the standards, published by the Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA) for redefining and updating how service companies report on compliance controls. The Service Organizational Control report (SOC-1) contains internal controls over financial reporting and is used by auditors and office controllers. STRUCTURED NOTES: Notes issued by Government Sponsored Enterprises (FHLB, FNMA, SLMA, etc.) and Corporations which have imbedded options (e.g., call features, step-up coupons, floating rate coupons, and derivative -based returns) into their debt structure. Their market performance is impacted by the fluctuation of interest rates, the volatility of the imbedded options and shifts in the shape of the yield curve. SURPLUS FUNDS: Section 53601 of the California Government Code defines surplus funds as any money not required for immediate necessities of the local agency. The City has defined immediate necessities to be payment due within one week. TREASURY BILLS: A non -interest- bearing discount security issued by the U.S. Treasury to finance the national debt. Most bills are issued to mature in three months, six months or one year. Page 26 of 27 45 TREASURY BONDS: Long-term coupon -bearing U.S. Treasury securities issued as direct obligations of the U.S. Government and having initial maturities of more than 10years. TREASURY NOTES: Medium -term coupon -bearing U.S. Treasury securities issued as direct obligations of the U.S. Government and having initial maturities from two to 10 years. UNIFORM NET CAPITAL RULE: Securities and Exchange Commission requirement that member firms as well as nonmember 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. UNIFORM PRUDENT INVESTOR ACT: The State of California has adopted this Act. The Act contains the following sections: duty of care, diversification, review of assets, costs, compliance determinations, delegation of investments, terms of prudent investor rule, and application. YIELD: The rate of annual return on an investment, expressed as a percentage. (a) INCOME YIELD is obtained by dividing the current dollar income by the current market price for the security. (b) NET YIELD or YIELD TO MATURITY is the current income yield minus any premium above par or plus any discount from par in purchase price, with the adjustment spread over the period from the date of purchase to the date of maturity of the bond. Page 27 of 27 46 BUSINESS SESSION ITEM NO. 2 City of La Quinta FINANCIAL ADVISORY COMMISSION MEETING May 13, 2026 STAFF REPORT AGENDA TI . RECEIVE AND FILE THIRD QUARTER FISCAL YEAR 2025/26 TREASURY REPORTS FOR JANUARY, FEBRUARY, AND MARCH 2026 RECOMMENDATION Receive and file the third quarter fiscal year 2025/26 Treasury Reports for January, February, and March 2026. BACKGROUND/ANALYSIS Commentary and Summary of Significant Activity The total book value of the portfolio increased approximately $11.25 million from $289.1 million at the end of December to $300.4 million at the end of March. In addition to normal operations, strong sales, and transient occupancy tax receipts, the increase can be partially attributed to property tax revenues, including redevelopment trust fund distributions, and the in -lieu motor vehicle fees payment. The portfolio is within policy limits for total allocation by type and is also within policy guidelines for investment ratings. The chart below shows the portfolio policy compliance as measured in market value. Asset Category Market Value 3/31/2026 of Portfolio 3131/2026 Certificate of Deposits 1 30 % Checking 1 Savings 1 Sweep Accounts Corporate Notes 1 30 % Investment Pools Money Market Mutual Funds 1 20 % Trusts Not Subject to Policy US Agency 1 100 % US Treasury 1 100 % 36,751,227.42 1,779,979.57 3,995,680.00 99,594,188.75 10,112,393.50 8,802,826.76 60,535,566.00 78,856,555.00 2_23 0.59 1.33 33.15 3.37 2.93 20.15 26.25 Total / Average 300.428.417.00 100.00 The total market value of the portfolio increased $10.21 million from $290.2 million in December to $300.4 million in March. This variance differs from the book value increase due to market valuation fluctuations in response to interest rates. Utilizing short-term funds for liquidity needs eliminates circumstances which might require the sale of longer- 47 term investments at unfavorable prices, and therefore the City remains unaffected by these market fluctuations. Treasury Rates I if 2 mo 3 fll° 6 MO 1 yr 5 yr 7 yr 10 yr 20 yr 30 yr 12131,2i-2: :.74 3.67 3.67 3.59 3.48 _.55 3.73 334 4.19 4.79 4.94 1/3012028 372 375 367 361 3.48 352 3.6 379 401 4'26 482 4F' 21272026 3.74 3 73 3.67 3.6 3.48 3.38 2.33 3.51 3.72 3.97 4.57 4.6.1 3%31,202fi 3 74 3 72 3 70 372 3.88 3 79 - 1 3 92 a 11 4 30 4.88 4.88 Portfolio Returns The annualized total rate of return averaged 3.59% for the quarter and the portfolio yield to maturity was 3.63%. Total interest received for the quarter was $2.35 million. Total Interest Received Average Days to Maturity Yield To Maturity Annualized Total Rate of Return January February March $ 761,800 $ 719,524 $ 867,389 567 559 588 3.67% 3.68% 3.54% 3.64% 3.37% 3.75% Quarter 3 $ 2,348,713 571 3.63% 3.59% Quarter 1 2025/26 $ 2,216,299 605 3.69% 3.73% Quarter 2 2025/26 $ 2,054,691 628 3.64% 3.75% City staff routinely evaluates liquidity needs while also monitoring market trends. We are closely watching the treasury market, which continues to experience yield fluctuations as the market tries to predict the Fed movement. We are continuing to utilize the California Asset Management Program (CAMP) pool, and the Local Agency Investment Fund (LAIF) depending on yield movement. The City also continues to use a sweep function on both our operating account and our custody bank cash account, whereby funds are placed into highly -rated government funds (Invesco Treasury Portfolio — ticker TYCXX and First American Treasury Fund — ticker FUZXX) that earn interest until such time that money is reinvested or used for operations. Throughout the quarter, three federal agency bonds, six treasuries, one corporate bond and four Certificates of Deposits (CDs) matured, and two federal agency bonds were called. Four federal agency bonds, six treasuries, and three CDs were purchased. Maturities and purchases are listed in detail in Attachment 1. Other Notes Money market funds with the fiscal agent are bond proceeds subject to bond indentures, not the City's investment policy. Successor Agency (SA) funds cannot be invested long- term; therefore, SA funds are only invested in LAIF. 48 Looking Ahead The Treasurer follows a "buy and hold" Investment Policy, unless it is fiscally advantageous to actively trade outside of maturity dates. In the short term, the Treasurer will invest in Money Market/Mutual Funds, CAMP, LAIF, and U.S. Treasuries as needed. Longer term investments may include Government Sponsored Enterprise (agencies) securities, U.S. Treasuries, Corporate Notes, and Negotiable Certificates of Deposits. All investments recognize both immediate and long-term cash flow needs, and there is sufficient liquidity in the portfolio to meet expenditure requirements for the next six months. ALTERNATIVES - None Prepared by: Approved by: Attachment: Rosemary Hallick, Principal Management Analyst Claudia Martinez, Finance Director/City Treasurer 1. Treasurer's Report for January 1, 2026 to March 31, 2026 49 ATTACHMENT 1 t: 1.1Fo)RNlA City of La Quinta Investment Portfolio Quarterly Investment Report January 31, 2026 COMPLIANCE I I certify that this report accurately reflects all pooled investments and is in compliance with the California Government Code and the City Investment Policy. As Treasurer of the City of La Quinta, I hereby certify that sufficient investment liquidity and anticipated revenues are available to meet the City's expenditure requirements for the next six months. The City of La Quinta used the monthly account statements issued by our financial institutions to determine the fair market value of investments at month end. Portfolio Name Face Amount/Shares Market Value Book Value % of Portfolio YTM @ Cost Days To Maturity CAMP 56,475,293.00 56,475,293.00 56,475,293.00 18.51 3.97 77 CERBT OPEB Trust 2,358,622.81 2,358,622.81 2,358,622.81 0.77 2.13 1 Fiscal Agent - Debt Service 36,347.02 36,347.02 36,347.02 0.01 3.17 1 Fixed Income Investments 175,799,000.00 176,084,852.10 175,289,935.03 57.45 3.67 962 Housing Authority - LQPR 241,473.02 241,473.02 241,473.02 0.08 0.00 1 Housing Authority - DPME 1,485,712.31 1,485,712.31 1,485,712.31 0.49 0.00 1 Housing Authority - LAIF 2,300,308.62 2,300,264.53 2,300,308.62 0.75 3.93 1 LAIF 40,656,080.75 40,655,301.41 40,656,080.75 13.32 3.93 1 Money Market at Custodian 4,645,380.00 4,645,380.00 4,645,380.00 1.52 3.58 1 Operating Funds 15,090,700.88 15,090,700.88 15,090,700.88 4.95 3.56 1 PARS Pension Trust 6,538,415.86 6,538,415.86 6,538,415.86 2.14 1.09 1 Total / Average 305,627,334.27 305,912,362.94 305,118,269.30 100.00 3.67 567 5/7/2026 Claudia Martinez, Finance Director/City Treasurer Date 50 City of La Quinta I CA Portfolio Holdings Compliance Report I Investment Policy - by Issuer Report Format: By Transaction Group By: Security Type Average By: Face Amount / Shares Portfolio / Report Group: All Portfolios As of 1 /31 /2026 Description CUSIPITicker Asset Category % of Group Settlement YTM ae Face Portfolio Percent Date Cost Amount/Shares Cost Value Maturity Market Value Date Days To Accrued Maturity Interest Cash BMO Bank I LQ Palms Realty Cash BMO Suntrust I Dune LQPR1935 Palms Cash DPME4741-3599 City of La Quinta Cash PETTYCASH Checking Savings Sweep Accounts Checking Savings Sweep Accounts Checking Savings Sweep Accounts 0.08 13.95 3/31/2024 0.000 0.49 85.86 3/31/2024 0.000 0.00 0.19 3/31/2024 0.000 241,473.02 1,485,712.31 3,300.00 241,473.02 1,485,712.31 3,300.00 241,473.02 1,485,712.31 3,300.00 N/A N/A N/A Sub Total / Average Cash Corporate Bond Alphabet, Inc 4.1 11 /15/2030 Blackrock Funding Inc 4.7 3/14/2029-29 Guardian Life 4.4 12/11/2030 International Finance Corp 0.5 2/26/2026 Walmart Inc 3.7 6/26/2028-28 02079KAW7 09290DAA9 40139LBP7 45950VPS9 931142EE9 Corporate Notes 130 % Corporate Notes 130 % Corporate Notes 130 % Corporate Notes 130 % Corporate Notes 130 % 0.57 100.00 0.000 1,730,485.33 1,730,485.33 1,730,485.33 0.33 22.22 11/26/2025 3.844 0.33 22.22 3/28/2024 4.623 0.33 22.22 12/26/2025 4.248 0.16 11.11 2/26/2021 0.610 0.33 22.22 6/26/2023 4.303 1,000,000.00 1,011,470.00 1,000,000.00 1,003,380.00 1,000,000.00 1,006,710.00 500,000.00 497,300.00 1,000,000.00 973,110.00 1,000,800.00 11/15/2030 1,023,330.00 3/14/2029 1,002,040.00 12/11/2030 498,840.00 2/26/2026 1,002,440.00 6/26/2028 1 0.00 1,749 9,680.56 1,138 17,886.11 1,775 6,111.11 26 1,076.39 877 3,597.22 Sub Total / Average Corporate Bond FFCB Bond FFCB 0.71 8/10/2026- 3133EM2C5 23 FFCB 0.8 9/10/2026 3133EM4X7 FFCB 1.27 11/2/2026 3133ENCQ1 FFCB 3.375 9/15/2027 3133ENL99 US Agency 100 % US Agency 100 US Agency 100 % US Agency 100 % 1.47 100.00 3.849 4,500,000.00 4,491,970.00 4,527,450.00 0.16 1.89 8/10/2021 0.792 0.33 3.77 9/28/2021 0.985 0.33 3.77 11/2/2021 1.270 0.33 3.77 9/15/2022 3.430 500,000.00 498,000.00 1,000,000.00 991,080.00 1,000,000.00 1,000,000.00 1,000,000.00 997,492.55 492,210.00 8/10/2026 982,950.00 9/10/2026 981,700.00 11/2/2026 997,060.00 9/15/2027 1,234 38,351.39 191 1,686.25 222 3,133.33 275 3,139.72 592 12,750.00 51 Asset % of Group Settlement YTM @ Face Maturity Days To Accrued Description CUSIPITicker Category Portfolio Percent Date Cost Amount/Shares Cost Value Market Value Date Maturity Interest FFCB 3.5 9/10/2029 3133ERSP7 USAgency 1 0.33 3.77 9/18/2024 3.470 1,000,000.00 1,001,350.00 993,350.00 9/10/2029 1,318 13,708.33 100 % FFCB 3.75 12/7/2027 3133EN3S7 USAgency 1 0.33 3.77 12/7/2022 3.794 1,000,000.00 998,000.00 1,004,110.00 12/7/2027 675 5,625.00 100 % FFCB 3.75 8/14/2028 3133ETTJ6 USAgency 1 0.33 3.77 8/14/2025 3.721 1,000,000.00 1,000,810.00 1,004,540.00 8/14/2028 926 17,395.83 100 % FFCB 3.75 8/15/2029 3133ERPS4 USAgency 1 0.33 3.77 8/15/2024 3.800 1,000,000.00 997,742.00 1,000,680.00 8/15/2029 1,292 17,291.67 100 % FFCB 3.875 1/18/2029 3133EPW84 USAgency 0.33 3.77 1/18/2024 4.051 1,000,000.00 992,100.00 1,006,740.00 1/18/2029 1,083 1,399.31 100 % FFCB 3.875 1/18/2029 3133EPW84 USAgency 0.33 3.77 1/30/2024 4.000 1,000,000.00 994,400.00 1,006,740.00 1/18/2029 1,083 1,399.31 100 % FFCB 3.875 10/15/2027 3133ERXJ5 USAgency 1 0.33 3.77 10/15/2024 3.875 1,000,000.00 1,000,000.00 1,004,620.00 10/15/2027 622 11,409.72 100 % FFCB 3.875 12/10/2027 3133ER6Q9 USAgency 1 0.33 3.77 3/19/2025 4.020 1,000,000.00 996,331.25 1,003,250.00 12/10/2027 678 5,489.58 100 % FFCB 3.875 2/14/2028 3133EPAV7 USAgency 0.33 3.77 2/15/2023 3.977 1,000,000.00 995,400.00 1,003,380.00 2/14/2028 744 17,975.69 100 % FFCB 3.875 6/8/2028 3133EPME2 USAgency 1 0.33 3.77 6/8/2023 3.915 1,000,000.00 998,190.00 1,007,150.00 6/8/2028 859 5,704.86 100 % FFCB 4 11/29/2027 3133EN3H1 USAgency 1 0.33 3.77 11/29/2022 4.030 1,000,000.00 998,650.00 1,007,540.00 11/29/2027 667 6,888.89 100 % FFCB 4 3/18/2030 3133ER7L9 US Agency 1 0.33 3.77 3/19/2025 4.080 1,000,000.00 996,415.16 1,005,870.00 3/18/2030 1,507 14,777.78 100 % FFCB 4 4/1/2030 3133ETBF3 USAgency 0.33 3.77 4/9/2025 3.900 1,000,000.00 1,004,470.00 1,009,610.00 4/1/2030 1,521 13,333.33 100 % FFCB 4 5/1/2030 3133ETFAO USAgency 1 0.33 3.77 5/1/2025 4.000 1,000,000.00 1,000,000.00 1,005,370.00 5/1/2030 1,551 10,000.00 100 % FFCB 4 6/17/2030 3133ETLM7 USAgency 1 0.33 3.77 6/17/2025 4.045 1,000,000.00 997,981.30 1,009,560.00 6/17/2030 1,598 4,888.89 100 % FFCB 4 9/29/2027 3133ENQ29 US Agency 1 0.33 3.77 9/30/2022 4.080 1,000,000.00 996,400.00 1,006,810.00 9/29/2027 606 13,555.56 100 % FFCB 4.125 12/17/2029 3133ERL41 USAgency l 0.33 3.77 12/17/2024 4.140 1,000,000.00 999,320.00 1,011,040.00 12/17/2029 1,416 5,041.67 100 % FFCB 4.125 2/13/2029 3133EP3B9 USAgency 1 0.33 3.77 2/14/2024 4.318 1,000,000.00 991,400.00 1,013,970.00 2/13/2029 1,109 19,250.00 100 % FFCB 4.25 7/17/2028 3133EPQD0 USAgency 1 0.33 3.77 7/31/2023 4.280 1,000,000.00 998,655.69 1,013,310.00 7/17/2028 898 1,652.78 100 % FFCB 4.25 8/7/2028 3133EPSK2 USAgency 1 0.33 3.77 8/18/2023 4.467 1,000,000.00 990,400.00 1,015,510.00 8/7/2028 919 20,541.67 100 % FFCB 4.33 3/18/2030- U3133ER7E5 100 SAgency 1 0.33 3.77 4/23/2025 4.330 1,000,000.00 1,000,000.00 1,000,480.00 3/18/2030 1,507 15,996.94 27 FFCB 4.375 4/10/2029 3133ERAK7 USAgency 1 0.33 3.77 4/23/2024 4.701 1,000,000.00 985,690.00 1,021,820.00 4/10/2029 1,165 13,489.58 100 % FFCB 4.625 11/13/2028 3133EPC45 USAgency 1 0.33 3.77 11/13/2023 4.630 1,000,000.00 999,770.00 1,024,320.00 11/13/2028 1,017 10,020.83 100 % Sub Total / Average 8.67 100.00 3.763 26,500,000.00 26,420,047.95 26,633,690.00 979 267,546.52 FFCB Bond 52 26 27 Description Asset % of Group Settlement YTM @ Face Maturity Days To Accrued CUSIPITicker Category Portfolio Percent Date Cost Amount/Shares Cost Value Market Value Date Maturity Interest FHLB Bond FHLB 0.75 6/12/2026 3130AMFS6 FHLB 0.95 10/13/2026- 3130APB46 23 FHLB 1 9/30/2026-22 3130APBM6 FHLB 1.25 12/21/2026 3130AQF65 FHLB 1.5 1/27/2027-23 3130AQJR5 FHLB 1.83 2/10/2027- 3130AQSA2 23 FHLB 2.7 4/19/2027-24 3130ARGY1 FHLB 3.3 6/28/2027-24 3130ASDV8 FHLB 3.5 9/13/2030 3130AF2S5 FHLB 3.65 10/21/2030- 3130B8CC4 28 FHLB 3.78 1/9/2031-29 3130B93L2 FHLB 4 10/5/2029-27 3130B35F6 FHLB 4 10/9/2026 3130B3A29 FHLB 4 7/30/2029-27 3130B7BU7 FHLB 4.125 4/4/2030- 3130B5SX7 FHLB 4.125 9/14/2029 3130ATHX8 FHLB 4.2 3/27/2030-28 3130B5K80 FHLB 4.3 10/23/2029- 3130B3ES8 26 FHLB 4.3 6/17/2030-27 3130B6PN0 FHLB 4.45 2/12/2029- 3130AYXU5 27 FHLB 4.5 12/10/2029- 3130646Y2 FHLB 4.5 2/18/2028-26 3130B4YH8 FHLB 4.65 1/14/2030- 3130B4LS8 28 FHLB 4.75 9/8/2028 3130AXEL8 US Agency 100 % US Agency 100 % US Agency 100 % US Agency 100 % US Agency 100 % US Agency 100 % US Agency 100 % US Agency 100 % US Agency 100 % US Agency 100 % US Agency 100 % US Agency 100 % US Agency 100 % US Agency 100 % US Agency 100 % US Agency 100 % US Agency 100 % US Agency 100 % US Agency 100 % US Agency 100 % US Agency 100 % US Agency 100 % US Agency 100 % US Agency 100 % 0.33 3.82 6/17/2021 0.885 1,000,000.00 993,420.00 989,370.00 6/12/2026 132 1,020.83 0.33 3.82 10/13/2021 0.986 1,000,000.00 998,250.00 981,420.00 10/13/2026 255 2,850.00 0.33 3.82 9/30/2021 1.021 1,000,000.00 999,000.00 982,670.00 9/30/2026 242 3,333.33 0.33 3.82 12/22/2021 1.255 1,000,000.00 999,750.00 980,020.00 12/21/2026 324 1,388.89 0.33 3.82 1/27/2022 1.500 1,000,000.00 1,000,000.00 980,000.00 1/27/2027 361 166.67 0.33 3.82 2/10/2022 1.830 1,000,000.00 1,000,000.00 982,510.00 2/10/2027 375 8,692.50 0.33 3.82 4/19/2022 2.700 1,000,000.00 1,000,000.00 989,650.00 4/19/2027 443 7,650.00 0.10 1.15 6/28/2022 3.300 300,000.00 300,000.00 298,890.00 6/28/2027 513 907.50 0.33 3.82 9/15/2025 3.580 1,000,000.00 996,370.00 988,490.00 9/13/2030 1,686 13,416.67 0.33 3.82 10/24/2025 3.650 1,000,000.00 1,000,000.00 991,340.00 10/21/2030 1,724 9,936.11 0.33 3.82 1/9/2026 3.780 1,000,000.00 1,000,000.00 1,001,210.00 1/9/2031 1,804 2,310.00 0.33 3.82 10/8/2024 4.000 1,000,000.00 1,000,000.00 999,920.00 10/5/2029 1,343 12,888.89 0.33 3.82 3/19/2025 4.020 1,000,000.00 999,682.10 1,002,240.00 10/9/2026 251 12,444.44 0.33 3.82 7/31/2025 4.000 1,000,000.00 1,000,000.00 1,004,090.00 7/30/2029 1,276 0.00 0.33 3.82 4/4/2025 4.125 1,000,000.00 1,000,000.00 1,001,450.00 4/4/2030 1,524 13,406.25 0.33 3.82 10/31/2024 4.125 1,000,000.00 1,000,000.00 1,013,510.00 9/14/2029 1,322 15,697.92 0.33 3.82 3/27/2025 4.200 1,000,000.00 1,000,000.00 1,005,180.00 3/27/2030 1,516 14,466.67 0.33 3.82 10/30/2024 4.351 1,000,000.00 997,750.00 1,002,150.00 10/23/2029 1,361 11,705.56 0.33 3.82 6/17/2025 4.300 1,000,000.00 1,000,000.00 1,004,220.00 6/17/2030 1,598 5,255.56 0.65 7.63 2/15/2024 4.450 2,000,000.00 2,000,000.00 2,012,240.00 2/12/2029 1,108 41,780.56 0.33 3.82 12/31/2024 4.500 1,000,000.00 1,000,000.00 1,005,530.00 12/10/2029 1,409 6,375.00 0.33 3.82 2/26/2025 4.500 1,000,000.00 1,000,000.00 999,880.00 2/18/2028 748 20,375.00 0.33 3.82 1/14/2025 4.650 1,000,000.00 1,000,000.00 1,010,300.00 1/14/2030 1,444 2,195.83 0.33 3.82 10/3/2023 4.762 1,000,000.00 999,500.00 1,027,240.00 9/8/2028 951 5318,868.06 Asset % of Group Settlement YTM @ Face Maturity Days To Accrued Description CUSIPITicker Category Portfolio Percent Date Cost Amount/Shares Cost Value Market Value Date Maturity Interest 27 LB 5.04 4/23/2029- 3130614L8 1 oAgency 1 0.29 3.44 4/25/2024 5.040 900,000.00 900,000.00 908,865.00 4/23/2029 1,178 12,348.00 FHLB Step 11/24/2026- 3130APTV7 USAgency 1 0.16 1.91 11/24/2021 1.489 500,000.00 499,500.00 493,550.00 11/24/2026 297 1,861.11 22 100 /o FHLB Step 3/30/2026 3130ALV92 USAgency 1 0.16 1.91 3/30/2021 0.938 500,000.00 500,000.00 497,920.00 3/30/2026 58 1,750.00 100 % Sub Total /Average 8.57 100.00 3.372 26,200,000.00 26,183,222.10 26,153,855.00 981 243,091.35 FHLB Bond FHLMC Bond FHLMC 0.7 3134GWUQ7 USAgency 1 0.33 66.67 2/10/2022 1.870 1,000,000.00 945,570.00 974,700.00 12/30/2026 333 2,333.33 12/30/2026-21 100 /u FHLMC 0.8 3134GW6C5 USAgency 1 0.16 33.33 1/5/2022 1.404 500,000.00 486,000.00 489,910.00 10/28/2026 270 1,033.33 10/28/2026-21 100 % Sub Total /Average 0.49 100.00 1.715 1,500,000.00 1,431,570.00 1,464,610.00 312 3,366.66 FHLMC Bond FNMA Bond FNMA4 5/6/2030-27 3136GAGH6 USAgency 0.33 16.67 5/6/2025 4.000 1,000,000.00 1,000,000.00 1,001,830.00 5/6/2030 1,556 9,444.44 100 % 26 MA4.125 3/12/2030- U3136GACD9 10SOAgency 1 0.33 16.67 3/12/2025 4.375 1,000,000.00 988,880.00 999,460.00 3/12/2030 1,501 15,927.08 FNMA4.125 7/16/2030- 3136GAKH1 USAgency 1 0.33 16.67 7/25/2025 4.126 1,000,000.00 999,950.00 1,003,950.00 7/16/2030 1,627 1,718.75 27 100 /o 26 MA4.15 7/28/2028- 3136GAKZ1 1 oAgency 1 0.33 16.67 7/31/2025 4.150 1,000,000.00 1,000,000.00 1,002,950.00 7/28/2028 909 345.83 FNMA 4.254/8/2030-27 3136GAF20 US Agency 1 0.33 16.67 4/9/2025 4.250 1,000,000.00 1,000,000.00 1,004,210.00 4/8/2030 1,528 13,340.28 100 Y. FNMA 4.5 5/20/2030-26 3136GAHF9 US Agency 1 0.33 16.67 5/28/2025 4.500 1,000,000.00 1,000,000.00 1,001,490.00 5/20/2030 1,570 8,875.00 100 % Sub Total /Average 1.96 100.00 4.234 6,000,000.00 5,988,830.00 6,013,890.00 1,448 49,651.38 FNMA Bond Guaranteed Investment Contract CAMP TERM 4.07 CAMPTERM62526 Investment 9.82 100.00 7/3/2025 4.070 30,000,000.00 30,000,000.00 30,000,000.00 6/25/2026 145 709,183.56 6/25/2026 Pools Sub Total / Average Guaranteed 9.82 100.00 4.070 30,000,000.00 30,000,000.00 30,000,000.00 145 709,183.56 Investment Contract Local Government Investment Pool CAMP LGIP CAMP7001 Investment 8.66 38.13 3/31/2024 3.850 26,475,293.00 26,475,293.00 26,475,293.00 N/A 1 Pools LAIF I City LGIP CITYLAIF3434 Investment 13.30 58.56 2/28/2024 3.931 40,656,080.75 40,656,080.75 40,655,301.41 N/A 1 Pools LAIF I Housing LGIP HOUSINGLAIF3005 Investment 0.75 3.31 2/28/2024 3.931 2,300,308.62 2,300,308.62 2,300,264.53 N/A 1 Pools Sub Total / Average 22.72 100.00 3.900 69,431,682.37 69,431,682.37 69,430,858.94 1 0.00 Local Government 54 Description Asset % of Group Settlement YTM @ Face Maturity Days To Accrued CUSIPITicker Category Portfolio Percent Date Cost Amount/Shares Cost Value Market Value Date Maturity Interest Investment Pool Money Market BMO Bank I Operating BMO1851OP- Money Market MM TYCXX Mutual Funds 1 20/0 Trusts Not OPEB Trust MM OPEBTRUST Subject to Policy PARS Pension Trust Trusts Not MM PARSTRUST Subject to Policy US Bank I Custodian Money Market USB3000-FUZXX Mutual Funds MM 20 % US Bank I Fiscal Agent Money Market USB4000-6000 Mutual Funds MM 20 % Sub Total / Average Money Market 4.94 52.63 3/31/2024 3.560 15,087,400.88 15,087,400.88 15,087,400.88 N/A 0.77 8.23 3/31/2024 2.130 2,358,622.81 2,358,622.81 2,358,622.81 N/A 2.14 22.81 3/31/2024 1.090 6,538,415.86 6,538,415.86 6,538,415.86 N/A 1.52 16.21 3/31/2024 3.580 4,645,380.00 4,645,380.00 4,645,380.00 N/A 0.01 0.13 3/31/2024 3.165 36,347.02 36,347.02 36,347.02 N/A 9.38 100.00 2.882 28,666,166.57 28,666,166.57 28,666,166.57 1 1 1 1 1 1 0.00 Negotiable Certificate Of Deposit Advantage Credit Union 00790UAE7 Certificate of ° 0.08 0.68 7/31/2024 4.450 249,000.00 249,000.00 252,827.13 7/31/2028 912 0.00 IA 4.45 7/31/2028 Deposits 130 /o Affinity Bank, NA GA Certificate of 0.08 0.68 3/17/2023 4.900 248,000.00 248,000.00 253,547.76 3/17/2028 776 466.10 4.9 3/17/2028 00833JAQ4 Deposits 130 % Alabama Credit Union 5 01025RAG4 Certificate of ° 0.08 0.68 6/20/2023 5.000 248,000.00 248,000.00 249,182.96 6/22/2026 142 373.70 /° 6/22/2026 Deposits 130 All In FCU AL 4.4 01664MAB2 Certificate of ° 0.08 0.68 12/20/2022 4.400 248,000.00 248,000.00 250,708.16 12/20/2027 688 328.85 /o 12/20/2027 Deposits 130 Alliant Credit Union IL 5 01882MAC6 Certificate of ° 0.08 0.67 12/30/2022 5.000 247,000.00 247,000.00 252,490.81 12/30/2027 698 33.84 /° 12/30/2027 Deposits 130 Altaone FCU CA 4.45 02157RAA5 Certificate of ° 0.08 0.68 7/19/2024 4.450 249,000.00 249,000.00 253,857.99 7/19/2029 1,265 910.73 /° 7/19/2029 Deposits 130 Amer. Nat'l Bank of MN Certificate of 02769QFW4 0.08 0.68 12/23/2025 3.650 249,000.00 249,000.00 246,201.24 12/23/2030 1,787 199.20 3.65 12/23/2030 Deposits 130 % Amerant Bank, NA FL 02357QAQ0 Certificate of ° 0.08 0.67 2/14/2022 1.600 245,000.00 245,000.00 239,632.05 2/16/2027 381 1,825.75 /° 1.6 2/16/2027 Deposits 130 American Express Nat'I 02589ADH2 Certificate of ° 0.08 0.67 8/29/2022 3.450 245,000.00 245,000.00 243,831.35 7/27/2027 542 92.63 /o Bank 3.45 7/27/2027 Deposits 130 Austin Telco FCU TX Certificate of 052392BT3 0.08 0.68 9/21/2022 3.800 248,000.00 248,000.00 248,044.64 9/21/2027 598 774.58 3.8 9/21/2027 Deposits 130 % Balboa Thrift & Loan 05765LBU0 Certificate of ° 0.08 0.68 7/19/2023 4.400 248,000.00 248,000.00 256,392.32 7/19/2028 900 358.75 /° 4.4 7/19/2028 Deposits 130 Ballston Spa Nat'I Bank 058723AQ0 Certificate of ° 0.08 0.68 5/24/2024 4.800 248,000.00 248,000.00 250,036.08 11/24/2026 297 228.30 /o NY 4.8 11/24/2026 Deposits 130 Bank Five Nine WI 4.25 062119BT8 Certificate of ° 0.08 0.68 5/12/2023 4.250 248,000.00 248,000.00 250,410.56 5/12/2028 832 548.66 /° 5/12/2028 Deposits 130 Bank of the Sierra CA 064860MC0 Certificate of ° 0.08 0.67 3/15/2023 4.600 244,000.00 244,000.00 246,200.88 3/15/2027 408 4,243.59 /° 4.6 3/15/2027 Deposits 130 55 Asset % of Group Settlement YTM @ Face Maturity Days To Accrued CUSIPITicker Category Portfolio Percent Date Cost Amount/Shares Cost Value Market Value Date Maturity Interest Bankers Bank WI 4.15 06610RCA5 Certificate of 0.08 0.68 5/24/2023 4.150 248,000.00 248,000.00 249,894.72 5/24/2028 844 197.38 5/24/2028 Deposits 130 % BankFirst Norfolk NE Certificate of 06644OAC5 0.08 0.68 6/21/2024 4.500 248,000.00 248,000.00 253,175.76 6/21/2029 1,237 305.75 4.5 6/21/2029 Deposits 130 % Baxter Credit Union IL 07181JBH6 Certificate of o 0.08 0.68 8/22/2024 4.350 248,000.00 248,000.00 251,295.92 8/22/2028 934 266.01 /o 4.35 8/22/2028 Deposits 130 Beal Bank TX 1.9 07371AYE7 Certificate of a 0.08 0.67 2/23/2022 1.900 245,000.00 245,000.00 240,362.15 2/17/2027 382 2,053.30 /o 2/17/2027 Deposits 130 Beal Bank USA NV 1.9 Certificate of 073710E88 0.08 0.67 2/23/2022 1.900 245,000.00 245,000.00 240,362.15 2/17/2027 382 2,053.30 2/17/2027 Deposits 130 % Blue Ridge Bank, NA Certificate of 0.08 0.67 2/28/2023 4.200 244,000.00 244,000.00 245,815.36 2/28/2028 758 4,379.97 VA 4.2 2/28/2028 09582YAF9 Deposits 130 % BMW Bank North 05612LFA5 Certificate of a 0.08 0.67 5/23/2025 4.000 244,000.00 244,000.00 244,849.12 11/23/2027 661 1,845.04 /o America 4 11/23/2027 Deposits 130 BNY Mellon, NA PA4.5 05584CJJ6 Certificate of a 0.08 0.67 9/7/2023 4.500 244,000.00 244,000.00 248,152.88 9/7/2028 950 4,392.00 /o 9/7/2028 Deposits 130 BOM Bank LA4.1 09776DAV6 Certificate of o 0.08 0.68 6/24/2025 4.100 248,000.00 248,000.00 249,974.08 6/24/2030 1,605 195.00 /o 6/24/2030 Deposits 130 Bridgewater Bank MN Certificate of 0.08 0.68 3/29/2023 4.850 248,000.00 248,000.00 251,080.16 3/29/2027 422 65.91 4.85 3/29/2027 108622NJ6 Deposits 130 % Capital One, NA 1.1 14042ROB0 Certificate of a 0.08 0.68 11/17/2021 1.100 248,000.00 248,000.00 242,844.08 11/17/2026 290 560.55 /o 11/17/2026 Deposits 130 Carter Bank & Trust 146102AS7 Certificate of a 0.08 0.68 7/5/2024 4.550 248,000.00 248,000.00 253,599.84 7/5/2029 1,251 803.79 /o 4.55 7/5/2029 Deposits 130 Carter FCU LA 0.75 Certificate of 14622LAA0 0.08 0.68 4/27/2021 0.750 248,000.00 248,000.00 246,281.36 4/27/2026 86 20.38 4/27/2026 Deposits 130 % Celtic Bank UT 3.65 15118RR33 Certificate of o 0.08 0.68 9/26/2024 3.650 248,000.00 248,000.00 246,152.40 9/26/2029 1,334 124.00 /o 9/26/2029 Deposits 130 Central Bank AK 4 152577BN1 Certificate of a 0.08 0.68 5/12/2023 4.000 248,000.00 248,000.00 249,056.48 5/12/2028 832 516.38 /o 5/12/2028 Deposits 130 cfsbank PA4.7 12526AAM9 Certificate of a 0.08 0.67 5/30/2024 4.700 244,000.00 244,000.00 247,845.44 11/30/2027 668 1,947.99 /o 11/30/2027 Deposits 130 Chartway FCU VA 4.9 16141BAC5 Certificate of o 0.08 0.68 6/9/2023 4.900 248,000.00 248,000.00 248,949.84 6/9/2026 129 732.45 /o 6/9/2026 Deposits 130 CIBC Bank USA IL 4.35 Certificate of 12547CBJ6 0.08 0.67 5/16/2023 4.350 244,000.00 244,000.00 246,881.64 5/16/2028 836 2,210.04 5/16/2028 Deposits 130 % Civic FCU 3.65 178808AF8 Certificate of a 0.08 0.68 9/26/2025 3.650 248,000.00 248,000.00 247,035.28 9/26/2028 969 124.00 /o 9/26/2028 Deposits 130 20033A3A2 Certificate of a 0.08 0.68 4/14/2022 2.650 248,000.00 248,000.00 244,733.84 4/14/2027 438 306.09 /o Deposits 130 ConnectOne Bank NJ Certificate of 20786ADL6 0.08 0.68 9/24/2021 0.800 248,000.00 248,000.00 243,245.84 9/24/2026 236 38.05 0.8 9/24/2026 Deposits 130 % Connexus Credit Union 20825WAR1 Certificate of u 0.08 0.68 12/23/2021 1.250 249,000.00 249,000.00 243,492.12 12/23/2026 326 0.00 /o WI 1.25 12/23/2026 Deposits 130 Cornerstone Comm. 21923MAB7 Certificate of a 0.08 0.68 9/30/2024 3.700 248,000.00 248,000.00 246,606.24 10/1/2029 1,339 25.14 /o FCU NY 3.7 10/1/2029 Deposits 130 County Schools FCU 22258JAB7 Certificate of a 0.08 0.68 9/30/2022 4.400 248,000.00 248,000.00 250,467.60 9/30/2027 607 29.90 /o CA 4.4 9/30/2027 Deposits 130 56 Description Comenity Capital Bank UT 2.65 4/14/2027 Asset % of Group Settlement YTM @ Face Maturity Days To Accrued Description CUSIPITicker Category Portfolio Percent Date Cost Amount/Shares Cost Value Market Value Date Maturity Interest Covantage Credit Union 22282XAD2 Certificate of 0.08 0.67 8/6/2024 4.200 247,000.00 247,000.00 249,358.85 8/7/2028 919 2,444.28 WI 4.2 8/7/2028 Deposits 130 % Credit Human FCU 3.6 22537MAH0 Certificate of ° 0.08 0.68 9/29/2025 3.600 248,000.00 248,000.00 246,745.12 9/29/2028 972 48.92 /o 9/29/2028 Deposits 130 Cross River Bank NJ 227563GC1 Certificate of ° 0.08 0.67 4/26/2024 4.500 244,000.00 244,000.00 246,086.20 4/26/2027 450 2,917.97 /° 4.5 4/26/2027 Deposits 130 Customers Bank PA 4.5 23204HPB8 Certificate of ° 0.08 0.67 6/14/2023 4.500 244,000.00 244,000.00 247,774.68 6/14/2028 865 1,443.95 /o 6/14/2028 Deposits 130 Cy -Fair FCU TX 4.5 Certificate of 0.08 0.68 5/12/2023 4.500 248,000.00 248,000.00 251,764.64 5/12/2028 832 580.93 5/12/2028 23248UAB3 Deposits 130 % Direct FCU MA 4.8 25460FDW3 Certificate of ° 0.08 0.68 11/7/2022 4.800 248,000.00 248,000.00 252,297.84 11/8/2027 646 782.73 /° 11/8/2027 Deposits 130 Dort Financial Credit Certificate of Union MI 4.5 25844MAK4 Deposits 30 % 0.08 0.67 12/16/2022 4.500 247,000.00 247,000.00 250,191.24 12/16/2027 684 913.56 12/16/2027 EagleBank MD 4.05 4/16/2030 Eaglemark Savings Bank NV 2 3/2/2027 Empower FCU NY 5.25 11/15/2028 Enterprise Bank PA 4.6 6/7/2029 EverBank, NA f/k/a TIAA FSB 0.5 2/12/2026 Evergreen Bank Group IL 3.85 7/27/2026 Fahey Banking Company 4.2 8/30/2027 Farmers & Merchants Bank of Colby 4.4 7/5/2029 Fidelity Bank LA 0.7 4/30/2026 Fieldpoint Private B&T CT 4 9/4/2026 First Bank Elk River MN 4.4 6/30/2028 First Federal Savings IN 4.25 7/9/2026 First Nat'l Bank of America MI 3.75 10/30/2028 27002YHQ2 27004PCM3 291916AJ3 29367RND4 87270LDL4 300185LM5 303117DN2 30781JBU3 31617CAV5 31657FBA4 31911KAK4 32021YEV1 32110YQ24 First Service CU f/k/a SPCO TX 4.35 78472EAB0 1/20/2028 Forbright Bank MD 4.6 11/2/2027 34520LAT0 Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % 0.08 0.68 4/16/2025 4.050 248,000.00 248,000.00 249,416.08 4/16/2030 1,536 412.77 0.08 0.67 3/2/2022 2.000 245,000.00 245,000.00 240,450.35 3/2/2027 395 2,027.12 0.08 0.67 11/15/2023 5.250 247,000.00 247,000.00 256,477.39 11/15/2028 1,019 746.08 0.08 0.68 6/7/2024 4.600 248,000.00 248,000.00 253,929.68 6/7/2029 1,223 750.12 0.08 0.67 2/12/2021 0.500 245,000.00 245,000.00 244,696.20 2/12/2026 12 577.26 0.08 0.68 1/27/2023 3.850 248,000.00 248,000.00 248,057.04 7/27/2026 177 104.64 0.08 0.68 2/28/2025 4.200 248,000.00 248,000.00 249,604.56 8/30/2027 576 85.61 0.08 0.68 7/5/2024 4.400 248,000.00 248,000.00 252,406.96 7/5/2029 1,251 777.29 0.08 0.68 4/30/2021 0.700 248,000.00 248,000.00 246,063.12 4/30/2026 89 0.00 0.08 0.68 9/4/2024 4.000 248,000.00 248,000.00 248,300.08 9/4/2026 216 733.81 0.08 0.68 6/30/2023 4.400 248,000.00 248,000.00 255,013.44 6/30/2028 881 29.90 0.08 0.68 2/9/2024 4.250 248,000.00 248,000.00 248,478.64 7/9/2026 159 635.29 0.08 0.68 10/30/2024 3.750 248,000.00 248,000.00 247,672.64 10/30/2028 1,003 25.48 0.08 0.68 1/20/2023 4.350 249,000.00 249,000.00 251,577.15 1/20/2028 719 326.43 0.08 0.68 11/2/2022 4.600 248,000.00 248,000.00 251,390.16 11/2/2027 640 906.39 57 Description Asset % of Group Settlement YTM @ Face Maturity Days To Accrued CUSIPITicker Category Portfolio Percent Date Cost Amount/Shares Cost Value Market Value Date Maturity Interest Four Points FCU 4.55 5/11/2026 Genesee Regional Bank NY 4.2 12/28/2026 Global FCU f/k/a Alaska USA AK 4.6 3/8/2028 Golden State Bank CA 4.45 6/22/2027 Goldman Sachs Bank USA 1 7/28/2026 Greenstate Credit Union IA 0.95 4/16/2026 Gulf Coast Bank New Orleans LA 3.6 10/29/2030 Healthcare Systems FCU VA 5.1 10/27/2028 Ideal Credit Union MN 4.5 12/29/2027 Inst. for Savings Newburyport MA 3.65 10/28/2030 Jeep Country FCU OH 4.7 6/29/2027 Knoxville TVA Employees Credit Union 4.85 8/25/202 Lafayette FCU MD 4.1 3/28/2029 Latino Community Credit Union NC 4.5 12/21/2027 Leaders Credit Union TN 5.1 10/30/2028 Legacy Bank & Trust Co. MO 4.5 9/27/2028 Legends Bank TN 3.75 9/11/2028 Liberty First Credit Union NE 4.5 2/22/2028 Maine Community Bank 3.75 8/30/2027 Maine Savings FCU 4.8 7/21/2028 Malaga Bank, FSB CA 3.6 10/24/2030 Marathon Bank WI 1.8 3/16/2027 35089LAF0 37173RAL7 011852AE0 38120MCA2 38149MXK4 39573LBC1 402194GQ1 42228LAN1 45157PAZ3 45780PDK8 472312AA5 499724AP7 50625LCA9 51828MAC8 52171 MAM7 52470QEC4 52465JKL0 530520AH8 560390DC7 560507AQ8 56102ACC8 565819AG4 Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % 0.08 0.68 5/10/2023 4.550 248,000.00 248,000.00 248,493.52 5/11/2026 100 649.22 0.08 0.67 12/27/2023 4.200 244,000.00 244,000.00 244,980.88 12/28/2026 331 982.68 0.08 0.68 3/8/2023 4.600 248,000.00 248,000.00 251,982.88 3/8/2028 767 718.86 0.08 0.68 6/22/2023 4.450 249,000.00 249,000.00 251,270.88 6/22/2027 507 273.22 0.08 0.68 7/28/2021 1.000 248,000.00 248,000.00 244,540.40 7/28/2026 178 20.38 0.08 0.68 4/16/2021 0.950 249,000.00 249,000.00 247,483.59 4/16/2026 75 194.42 0.08 0.67 10/29/2025 3.600 245,000.00 245,000.00 241,783.15 10/29/2030 1,732 2,271.45 0.08 0.68 10/27/2023 5.100 248,000.00 248,000.00 256,355.12 10/27/2028 1,000 138.61 0.08 0.68 12/29/2022 4.500 248,000.00 248,000.00 251,216.56 12/29/2027 697 917.26 0.08 0.68 10/28/2025 3.650 248,000.00 248,000.00 245,291.84 10/28/2030 1,731 74.40 0.08 0.68 6/29/2023 4.700 248,000.00 248,000.00 251,169.44 6/29/2027 514 63.87 0.08 0.68 8/25/2023 4.850 248,000.00 248,000.00 254,356.24 8/25/2028 937 988.60 0.08 0.68 3/28/2025 4.100 248,000.00 248,000.00 250,068.32 3/28/2029 1,152 83.57 0.08 0.68 12/21/2022 4.500 248,000.00 248,000.00 251,162.00 12/21/2027 689 305.75 0.08 0.68 10/30/2023 5.100 248,000.00 248,000.00 256,402.24 10/30/2028 1,003 34.65 0.08 0.68 9/27/2023 4.500 248,000.00 248,000.00 252,357.36 9/27/2028 970 122.30 0.08 0.68 9/11/2024 3.750 248,000.00 248,000.00 247,665.20 9/11/2028 954 509.59 0.08 0.68 2/21/2023 4.500 248,000.00 248,000.00 251,392.64 2/22/2028 752 917.26 0.08 0.68 8/30/2024 3.750 248,000.00 248,000.00 247,888.40 8/30/2027 576 25.48 0.08 0.68 7/21/2023 4.800 248,000.00 248,000.00 253,823.04 7/21/2028 902 326.14 0.08 0.68 10/24/2025 3.600 248,000.00 248,000.00 244,763.60 10/24/2030 1,727 171.22 0.08 0.68 3/16/2022 1.800 248,000.00 248,000.00 242,625.84 3/16/2027 409 183.45 58 Certificate of 501798RP9 0.08 0.68 12/27/2021 1.000 248,000.00 248,000.00 245,222.40 6/26/2026 146 237.81 Deposits 130 % Minnwest Bank MN Certificate of 60425SKB4 0.08 0.68 5/1/2023 4.250 248,000.00 248,000.00 249,458.24 5/3/2027 457 866.30 4.25 5/3/2027 Deposits 130 % 60936TAL3 Certificate of o 0.08 0.68 9/14/2023 5.000 248,000.00 248,000.00 255,387.92 9/14/2028 957 577.53 /o Deposits 130 61690DT40 Certificate of o 0.08 0.67 3/5/2025 4.250 244,000.00 244,000.00 247,167.12 3/5/2030 1,494 4,204.82 /o Deposits 130 61776NMT7 Certificate of o 0.08 0.67 3/5/2025 4.250 244,000.00 244,000.00 247,167.12 3/5/2030 1,494 4,204.82 /o Deposits 130 62384RAT3 Certificate of a 0.08 0.68 4/28/2023 4.700 248,000.00 248,000.00 248,515.84 4/28/2026 87 958.03 /o Deposits 130 MVB Bank, Inc. VW 62847NEP7 Certificate of a 0.08 0.68 8/1/2024 4.050 248,000.00 248,000.00 249,168.08 2/1/2028 731 825.53 /o 4.05 2/1/2028 Deposits 130 Nelnet Bank UT 1.8 64034KAZ4 Certificate of a 0.08 0.67 3/2/2022 1.800 245,000.00 245,000.00 244,568.80 3/2/2026 30 1,824.41 /o 3/2/2026 Deposits 130 Northpointe Bank MI Certificate of 0.08 0.68 10/20/2023 4.850 248,000.00 248,000.00 254,696.00 10/20/2028 993 362.49 4.85 10/20/2028 666613MK7 Deposits 130 % 67054NBT9 Certificate of o 0.08 0.68 11/26/2024 4.150 248,000.00 248,000.00 250,326.24 11/26/2029 1,395 140.99 /o Deposits 130 Oklahoma Educators 67885MAE0 Certificate of a 0.08 0.68 10/3/2025 3.650 248,000.00 248,000.00 247,437.04 10/4/2027 611 694.40 /o CU 3.65 10/4/2027 Deposits 130 Optum Bank, Inc UT 4 68405VDD8 Certificate of a 0.08 0.67 4/28/2025 4.000 245,000.00 245,000.00 245,931.00 4/29/2030 1,549 2,550.68 /o 4/29/2030 Deposits 130 Asset % of Group Settlement YTM @ Face Maturity Days To Accrued CUSIPITicker Category Portfolio Percent Date Cost Amount/Shares Cost Value Market Value Date Maturity Interest 56824JBC7 Certificate of 0.08 0.68 8/30/2024 4.000 248,000.00 248,000.00 248,292.64 8/31/2026 212 27.18 Deposits 130 % 58404DTP6 Certificate of a 0.08 0.68 10/20/2023 4.850 248,000.00 248,000.00 258,031.60 10/20/2028 993 362.49 /o Deposits 130 59013KPN0 Certificate of o 0.08 0.68 11/9/2021 1.100 249,000.00 249,000.00 243,910.44 11/9/2026 282 165.09 /o Deposits 130 59161YAP1 Certificate of a 0.08 0.68 2/18/2022 1.700 249,000.00 249,000.00 243,691.32 2/18/2027 383 347.92 /o Deposits 130 59524LAA4 Certificate of 0.08 0.68 3/13/2023 4.850 248,000.00 248,000.00 248,324.88 3/13/2026 41 593.16 Deposits 130 % Description Marine FCU NC 4 8/31/2026 Medallion Bank UT 4.85 10/20/2028 Merrick Bank UT 1.1 11/9/2026 Metro Credit Union MA 1.7 2/18/2027 Mid Carolina Credit Union SC 4.85 3/13/2026 Milestone Bk f/k/a LCA UT 1 6/26/2026 Money One FCU MD 5 9/14/2028 Morgan Stanley Bank, NA 4.25 3/5/2030 Morgan Stanley Private Bank 4.25 3/5/2030 Mountain American FCU 4.7 4/28/2026 Numerica CU 4.15 11/26/2029 Oregon Community Credit Union 4.85 6/7/2027 Pacific Crest Savings Bank WA 3.9 8/16/2029 Parkside Financial B&T MO 3.75 9/13/2028 Partners Bank of California 4.15 8/27/2027 68584JAT6 Certificate of 0.08 0.68 6/7/2024 4.850 248,000.00 248,000.00 251,509.20 6/7/2027 492 790.88 Deposits 130 % 69417ADA4 Certificate of o 0.08 0.68 8/16/2024 3.900 248,000.00 248,000.00 248,347.20 8/16/2029 1,293 397.48 /o Deposits 130 Certificate of 70147AGA6 0.08 0.68 9/13/2024 3.750 248,000.00 248,000.00 247,665.20 9/13/2028 956 458.63 Deposits 130 % 70212YBY7 Certificate of 0.08 0.67 2/27/2025 4.150 244,000.00 244,000.00 245,256.60 8/27/2027 573 4,355.57 Deposits 130 % Peoples Exchange 71104AAS2 Certificate of a 0.08 0.68 8/9/2024 4.150 248,000.00 248,000.00 249,346.64 8/9/2027 555 620.34 /o Bank KY 4.15 8/9/2027 Deposits 130 Ponce Bank NY 3.5 732329BD8 Certificate of a 0.08 0.68 9/15/2022 3.500 248,000.00 248,000.00 246,876.56 9/15/2027 592 380.49 /o 9/15/2027 Deposits 130 59 Description Prevail Bank WI 4.25 1/24/2028 RiverWood Bank MN 3.85 3/11/2027 Rize FCU f/k/a SCE CA 4.7 6/20/2029 Rockland FCU MA4.6 12/22/2026 Safra Nat'l Bank NY f/k/a/ Delta Nat'l 2 2 Sallie Mae 3.9 12/10/2030 San Francisco FCU CA 4.35 2/3/2028 Signature FCU VA 4.4 1/31/2028 SkyOne FCU CA 3.9 10/25/2028 SNB Bank, NA OK 4.1 8/14/2028 Sound Credit Union WA 4.15 6/2/2028 Southern Bank MO 4.2 5/17/2028 Southern Bank of TN 4.35 7/12/2029 Southern States Bank 4.15 9/21/2026 St. Vincent's Medical Center FCU 4.6 6/16/2027 Asset % of Group Settlement YTM @ Face Maturity Days To Accrued CUSIPITicker Category Portfolio Percent Date Cost Amount/Shares Cost Value Market Value Date Maturity Interest 887171AB2 Certificate of o 0.08 0.68 7/24/2024 4.250 249,000.00 249,000.00 251,114.01 1/24/2028 723 202.95 /o Deposits 130 76951DBZ2 Certificate of a 0.08 0.68 9/11/2024 3.850 248,000.00 248,000.00 248,228.16 3/11/2027 404 523.18 /o Deposits 130 78413RAV9 Certificate of o 0.08 0.68 6/20/2024 4.700 248,000.00 248,000.00 254,748.08 6/20/2029 1,236 351.28 /o Deposits 130 77357DAD0 Certificate of a 0.08 0.68 12/22/2023 4.600 248,000.00 248,000.00 249,807.92 12/22/2026 325 281.29 /o Deposits 130 Certificate of 24773RCR4 0.08 0.67 3/9/2022 2.000 245,000.00 245,000.00 240,521.40 2/25/2027 390 1,933.15 Deposits 130 795451EE9 Certificate of 0.08 0.67 12/10/2025 3.900 245,000.00 245,000.00 244,938.75 12/10/2030 1,774 1,361.26 Deposits 130 % 79772FAG1 Certificate of a 0.08 0.68 2/3/2023 4.350 248,000.00 248,000.00 250,606.48 2/3/2028 733 827.57 /o Deposits 130 82671DAB3 Certificate of o 0.08 0.68 1/31/2023 4.400 248,000.00 248,000.00 250,834.64 1/31/2028 730 0.00 /o Deposits 130 83088XAR9 Certificate of 0.08 0.68 10/25/2024 3.900 248,000.00 248,000.00 248,617.52 10/25/2028 998 158.99 Deposits 130 % 78470MBS6 Certificate of a 0.08 0.68 8/14/2024 4.100 248,000.00 248,000.00 249,770.72 8/14/2028 926 473.58 /o Deposits 130 83616HAH7 Certificate of a 0.08 0.68 6/2/2025 4.150 248,000.00 248,000.00 249,912.08 6/2/2028 853 817.72 /o Deposits 130 843383CS7 Certificate of a 0.08 0.68 5/17/2023 4.200 248,000.00 248,000.00 250,152.64 5/17/2028 837 399.52 /o Deposits 130 Certificate of 84229QAC5 0.08 0.68 7/12/2024 4.350 248,000.00 248,000.00 252,012.64 7/12/2029 1,258 561.57 Deposits 130 % 843879GS0 Certificate of 0.08 0.68 3/21/2025 4.150 248,000.00 248,000.00 248,562.96 9/21/2026 233 281.97 Deposits 130 % 85279AAC6 Certificate of 0.08 0.68 6/16/2023 4.600 248,000.00 248,000.00 250,737.92 6/16/2027 501 468.82 Deposits 130 % Stearns Bank, NA MN 857894Q51 Certificate of a 0.08 0.67 8/8/2024 4.200 244,000.00 244,000.00 245,432.28 8/9/2027 555 4,941.50 /o 4.2 8/9/2027 Deposits 130 Sunwest Bank 3.55 86804DDG0 Certificate of a 0.08 0.68 9/30/2024 3.550 248,000.00 248,000.00 245,346.40 9/28/2029 1,336 24.12 /o 9/28/2029 Deposits 130 Synchrony Bank 0.9 87165ET98 Certificate of o 0.08 0.67 9/3/2021 0.900 245,000.00 245,000.00 240,950.15 9/3/2026 215 918.25 /o 9/3/2026 Deposits 130 Technology Credit 87868YAQ6 Certificate of a 0.08 0.68 5/30/2023 5.000 248,000.00 248,000.00 248,979.60 5/29/2026 118 1,019.18 /o Union CA 5 5/29/2026 Deposits 130 Texas Exchange Bank 88241TSW1 Certificate of a 0.08 0.68 9/6/2024 3.700 248,000.00 248,000.00 246,638.48 9/6/2029 1,314 628.49 /o 3.7 9/6/2029 Deposits 130 The Genoa Banking 372348DJ8 Certificate of a 0.08 0.68 11/28/2023 4.600 248,000.00 248,000.00 253,284.88 11/28/2028 1,032 93.76 /o Co. 4.6 11/28/2028 Deposits 130 The Greenwood's State Bank WI 3.05 5/17/2027 397417AQ9 Certificate of 0.08 0.68 5/17/2022 3.050 248,000.00 248,000.00 245,733.28 5/17/2027 471 290.13 Deposits 130 % The Pitney Bowes Bank, Inc UT 4.35 724468AC7 4/13/2028 Certificate of Deposits 130 % 0.08 0.67 4/14/2023 4.350 244,000.00 244,000.00 246,820.64 4/13/2028 803 3,169.66 60 Asset % of Group Settlement YTM @ Face Maturity Days To Accrued Description CUSIPITicker Category Portfolio Percent Date Cost Amount/Shares Cost Value Market Value Date Maturity Interest Third Federal Savings 88413QDN5 Certificate of 0.08 0.67 8/19/2022 3.300 245,000.00 245,000.00 243,155.15 8/19/2027 565 3,654.86 & Loan 3.3 8/19/2027 Deposits 130 % Toyota Financial Certificate of Savings Bank NV 0.9 89235MKY6 Deposits 30 % 0.08 0.67 4/22/2021 0.900 245,000.00 245,000.00 243,387.90 4/22/2026 81 610.15 4/22/2026 True Sky FCU 1.6 89786MAF1 Certificate of ° 0.08 0.67 2/4/2022 1.600 245,000.00 245,000.00 239,761.90 2/4/2027 369 1,933.15 /o 2/4/2027 Deposits 130 Truliant FCU NC 4.7 89789AAG2 Certificate of ° 0.08 0.68 3/10/2023 4.700 248,000.00 248,000.00 251,531.52 9/10/2027 587 670.62 /o 9/10/2027 Deposits 130 Tuscon FCU AZ 5 898812AC6 Certificate of ° 0.08 0.68 9/8/2023 5.000 248,000.00 248,000.00 255,343.28 9/8/2028 951 781.37 /o 9/8/2028 Deposits 130 UBS Bank USA UT 4.9 Certificate of 90355GHG4 0.08 0.68 10/25/2023 4.900 248,000.00 248,000.00 255,050.64 10/25/2028 998 199.76 10/25/2028 Deposits 130 % United Fidelity Bank, Certificate of 0.08 0.68 6/29/2023 4.500 248,000.00 248,000.00 255,524.32 6/29/2028 880 61.15 fsb IN 4.5 6/29/2028 910286GN7 Deposits 130 % United Roosevelt Certificate of Savings Bank NJ 1.9 91139LAB2 Deposits 30 % 0.08 0.68 3/11/2022 1.900 248,000.00 248,000.00 242,963.12 3/11/2027 404 258.19 3/11/2027 United Teletech FCU NJ 913065AD0 Certificate of ° 0.08 0.68 11/8/2023 5.100 248,000.00 248,000.00 253,537.84 11/8/2027 646 797.00 /o 5.1 11/8/2027 Deposits 130 University Bank MI 4.2 914098DJ4 Certificate of 11/30/2027 Deposits 30 % 0.08 0.68 11/30/2022 4.200 249,000.00 249,000.00 250,797.78 11/30/2027 668 28.65 Univest Bank & Trust 91527PBY2 Certificate of ° 0.08 0.68 5/12/2023 4.350 248,000.00 248,000.00 250,951.20 5/12/2028 832 561.57 /o Co. PA 4.35 5/12/2028 Deposits 130 USAlliance Financial 90352RDB8 Certificate of ° 0.08 0.68 5/26/2023 4.550 248,000.00 248,000.00 252,101.92 5/26/2028 846 154.58 /o FCU NY 4.55 5/26/2028 Deposits 130 Utah First FCU 5 91739JAB1 Certificate of ° 0.08 0.67 7/21/2023 5.000 245,000.00 245,000.00 251,906.55 7/21/2028 902 335.62 /o 7/21/2028 Deposits 130 Valley National Bank NJ 919853LV1 Certificate of ° 0.08 0.67 5/29/2024 4.950 244,000.00 244,000.00 244,871.08 5/29/2026 118 2,084.70 /o 4.95 5/29/2026 Deposits 130 Valleystar Credit Union Certificate of 0.08 0.67 11/8/2023 5.200 247,000.00 247,000.00 256,057.49 11/8/2028 1,012 809.35 VA 5.2 11/8/2028 92023CAJ2 Deposits 130 % Vibrant Credit Union IL 92559TAJ7 Certificate of ° 0.08 0.68 7/2/2021 0.851 249,000.00 248,377.50 245,904.93 6/30/2026 150 163.73 /o 0.8 6/30/2026 Deposits 130 VisionBank MN 4.05 92834ABT2 Certificate of ° 0.08 0.68 5/12/2023 4.050 248,000.00 248,000.00 249,326.80 5/12/2028 832 522.84 /o 5/12/2028 Deposits 130 VyStar Credit Union FL 92891CCZ3 Certificate of ° 0.08 0.68 3/10/2023 4.550 248,000.00 248,000.00 251,747.28 3/10/2028 769 927.45 /o 4.55 3/10/2028 Deposits 130 Washington Financial 93883MBA5 Certificate of ° 0.08 0.67 5/31/2024 4.500 244,000.00 244,000.00 249,033.72 5/31/2029 1,216 1,865.10 /o Bank PA 4.5 5/31/2029 Deposits 130 Workers FCU MA 5.2 98138MCA6 Certificate of ° 0.08 0.68 10/30/2023 5.200 248,000.00 248,000.00 257,047.04 10/30/2028 1,003 35.33 /o 10/30/2028 Deposits 130 Sub Total / Average Negotiable Certificate Of Deposit Treasury Note T-Note 0.5 2/28/2026 91282CBQ3 US Treasury 100 11.98 100.00 3.856 36,599,000.00 36,598,377.50 36,830,394.60 734 122,950.16 0.16 0.67 5/28/2021 0.750 500,000.00 494,165.00 498,840.00 2/28/2026 28 1,056.63 61 Asset % of Group Settlement YTM @ Face Maturity Days To Accrued Description CUSIPITicker Category Portfolio Percent Date Cost Amount/Shares Cost Value Market Value Date Maturity Interest T-Note 0.5 2/28/2026 91282CB03 US Treasury 0.25 1.01 3/23/2022 2.353 750,000.00 698,025.00 748,260.00 2/28/2026 28 1,584.94 100/u T-Note 0.625 7/31/2026 91282CCP4 US Treasury 1 0.33 1.34 9/29/2021 0.970 1,000,000.00 983,750.00 985,310.00 7/31/2026 181 0.00 100 % T-Note 0.75 3/31/2026 91282CBT7 US Treasury 0.16 0.67 5/28/2021 0.770 500,000.00 499,525.00 497,710.00 3/31/2026 59 1,267.17 100 % T-Note 0.75 3/31/2026 91282CBT7 US Treasury 0.16 0.67 6/17/2021 0.816 500,000.00 498,450.00 497,710.00 3/31/2026 59 1,267.17 100 % T-Note 0.75 5/31/2026 91282CCF6 US Treasury 0.33 1.34 6/1/2021 0.810 1,000,000.00 997,060.00 990,510.00 5/31/2026 120 1,277.47 100 % T-Note 0.75 5/31/2026 91282CCF6 US Treasury 0.16 0.67 6/17/2021 0.870 500,000.00 497,095.00 495,255.00 5/31/2026 120 638.74 100 % T-Note 0.75 8/31/2026 91282CCW9 US Treasury 1 0.33 1.34 9/29/2021 0.990 1,000,000.00 988,500.00 983,730.00 8/31/2026 212 3,169.89 100 % T-Note 0.75 8/31/2026 91282CCW9 US Treasury 0.16 0.67 3/22/2022 2.350 500,000.00 466,454.17 491,865.00 8/31/2026 212 1,584.94 100/u T-Note 1.125 91282CDG3 US Treasury 0.16 0.67 3/22/2022 2.350 500,000.00 473,396.82 490,895.00 10/31/2026 273 1,429.56 10/31/2026 100 /o T-Note 1.5 1/31/2027 912828Z78 US Treasury 0.33 1.34 2/10/2022 1.781 1,000,000.00 986,700.00 980,060.00 1/31/2027 365 0.00 100 % T-Note 1.875 7/31/2026 912828Y95 US Treasury 0.33 1.34 8/29/2024 3.876 1,000,000.00 963,281.25 991,440.00 7/31/2026 181 0.00 100 % T-Note 2.25 8/15/2027 9128282R0 US Treasury 0.33 1.34 11/18/2022 3.950 1,000,000.00 927,110.00 981,020.00 8/15/2027 561 10,332.88 100 % T-Note 2.375 4/30/2026 9128286S4 US Treasury 0.33 1.34 3/23/2022 2.400 1,000,000.00 999,010.00 996,800.00 4/30/2026 89 6,035.91 100 % T-Note 2.375 5/15/2027 912828X88 US Treasury 0.33 1.34 6/7/2022 3.041 1,000,000.00 969,687.50 985,470.00 5/15/2027 469 5,051.80 100 % T-Note 2.5 3/31/2027 91282CEF4 US Treasury 0.33 1.34 5/3/2022 3.010 1,000,000.00 976,860.00 988,090.00 3/31/2027 424 8,447.80 100 % T-Note 2.625 2/15/2029 912828661 US Treasury 0.33 1.34 2/15/2024 4.286 1,000,000.00 925,976.56 971,640.00 2/15/2029 1,111 12,055.03 100/u T-Note 2.625 5/31/2027 91282CET4 US Treasury 0.16 0.67 6/8/2022 2.980 500,000.00 491,842.18 494,065.00 5/31/2027 485 2,235.58 100/u T-Note 2.625 5/31/2027 91282CET4 US Treasury 0.33 1.34 8/29/2024 3.720 1,000,000.00 971,555.99 988,130.00 5/31/2027 485 4,471.15 100 % T-Note 2.75 4/30/2027 91282CEN7 US Treasury 0.16 0.67 6/8/2022 2.971 500,000.00 495,000.00 495,215.00 4/30/2027 454 3,494.48 100 % T-Note 2.75 7/31/2027 91282CFB2 US Treasury 0.33 1.34 8/15/2022 2.980 1,000,000.00 989,460.00 988,710.00 7/31/2027 546 0.00 100 % T-Note 2.75 7/31/2027 91282CFB2 US Treasury l 0.33 1.34 8/29/2022 3.200 1,000,000.00 979,645.67 988,710.00 7/31/2027 546 0.00 100 % T-Note 2.875 4/30/2029 91282CEM9 US Treasury 0.33 1.34 4/30/2024 4.658 1,000,000.00 921,300.00 976,760.00 4/30/2029 1,185 7,306.63 100 % T-Note 3.125 9128285M8 US Treasury l 0.33 1.34 12/29/2023 3.880 1,000,000.00 966,718.75 987,660.00 11/15/2028 1,019 6,647.10 11/15/2028 100 /o T-Note 3.125 8/31/2027 91282CFH9 US Treasury 1 0.16 0.67 1/24/2023 3.640 500,000.00 489,175.00 496,875.00 8/31/2027 577 6,603.94 100/u 62 Asset % of Group Settlement YTM @ Face Maturity Days To Accrued Description CUSIPITicker Category Portfolio Percent Date Cost Amount/Shares Cost Value Market Value Date Maturity Interest T-Note 3.25 6/30/2027 91282CEW7 US Treasury 1 0.33 1.34 2/15/2023 4.075 1,000,000.00 967,220.00 996,170.00 6/30/2027 515 2,783.15 100 Yo T-Note 3.5 1/31/2028 91282CGH8 US Treasury 0.33 1.34 2/2/2023 3.580 1,000,000.00 996,369.14 999,340.00 1/31/2028 730 0.00 100 % T-Note 3.5 1/31/2028 91282CGH8 US Treasury 0.33 1.34 8/29/2024 3.680 1,000,000.00 994,257.81 999,340.00 1/31/2028 730 0.00 100 % T-Note 3.5 1/31/2030 91282CGJ4 US Treasury 0.33 1.34 1/13/2025 4.531 1,000,000.00 953,900.00 991,990.00 1/31/2030 1,461 0.00 100 % T-Note 3.5 10/15/2028 91282CPC9 US Treasury 0.33 1.34 1/9/2026 3.520 1,000,000.00 999,439.61 997,580.00 10/15/2028 988 10,384.62 100 % T-Note 3.5 11/30/2030 91282CPN5 US Treasury 0.65 2.68 12/1/2025 3.570 2,000,000.00 1,993,640.00 1,974,220.00 11/30/2030 1,764 11,795.58 100 % T-Note 3.5 4/30/2028 91282CHA2 US Treasury 0.33 1.34 5/31/2023 3.837 1,000,000.00 985,000.00 998,670.00 4/30/2028 820 8,895.03 100 % T-Note 3.5 4/30/2028 91282CHA2 US Treasury 0.33 1.34 7/19/2024 4.145 1,000,000.00 977,600.00 998,670.00 4/30/2028 820 8,895.03 100 Yo T-Note 3.5 9/30/2029 91282CLN9 US Treasury 0.33 1.34 9/30/2024 3.510 1,000,000.00 999,530.00 993,630.00 9/30/2029 1,338 11,826.92 100 % T-Note 3.625 91282CPD7 US Treasury 1 0.65 2.68 10/31/2025 3.616 2,000,000.00 2,000,781.25 1,985,780.00 10/31/2030 1,734 18,425.41 10/31/2030 100 /o T-Note 3.625 91282CPR6 US Treasury 0.33 1.34 12/31/2025 3.691 1,000,000.00 997,000.00 992,110.00 12/31/2030 1,795 3,104.28 12/31/2030 100 /o T-Note 3.625 3/31/2028 91282CGT2 US Treasury 0.33 1.34 5/31/2023 3.853 1,000,000.00 990,000.00 1,001,560.00 3/31/2028 790 12,249.31 100 % T-Note 3.625 3/31/2028 91282CGT2 US Treasury 0.33 1.34 6/15/2023 3.980 1,000,000.00 984,600.00 1,001,560.00 3/31/2028 790 12,249.31 100 % T-Note 3.625 3/31/2028 91282CGT2 US Treasury 0.33 1.34 10/19/2023 4.910 1,000,000.00 949,180.00 1,001,560.00 3/31/2028 790 12,249.31 100 % T-Note 3.625 5/31/2028 91282CHE4 US Treasury 0.33 1.34 3/19/2025 4.013 1,000,000.00 988,400.00 1,001,370.00 5/31/2028 851 6,174.45 100 % T-Note 3.625 8/31/2029 91282CLK5 US Treasury 0.65 2.68 9/3/2024 3.627 2,000,000.00 1,999,843.75 1,996,260.00 8/31/2029 1,308 30,642.27 100 Yo T-Note 3.625 8/31/2030 91282CNX5 US Treasury 0.65 2.68 9/10/2025 3.584 2,000,000.00 2,003,687.70 1,987,340.00 8/31/2030 1,673 30,642.27 100 Yo T-Note 3.625 9/30/2030 91282CPA3 US Treasury 0.65 2.68 9/30/2025 3.695 2,000,000.00 1,993,671.85 1,986,560.00 9/30/2030 1,703 24,498.63 100 % T-Note 3.75 12/31/2028 91282CJR3 US Treasury 0.33 1.34 1/2/2024 3.815 1,000,000.00 997,067.49 1,003,980.00 12/31/2028 1,065 3,211.33 100 % T-Note 3.75 12/31/2028 91282CJR3 US Treasury 0.33 1.34 6/12/2024 4.480 1,000,000.00 970,230.00 1,003,980.00 12/31/2028 1,065 3,211.33 100 % T-Note 3.75 12/31/2030 91282CJQ5 US Treasury 0.33 1.34 12/10/2025 3.770 1,000,000.00 999,062.50 997,540.00 12/31/2030 1,795 3,211.33 100 % T-Note 3.75 4/15/2028 91282CMW8 US Treasury 0.33 1.34 4/15/2025 3.760 1,000,000.00 999,726.56 1,004,020.00 4/15/2028 805 11,126.37 100 % T-Note 3.75 5/31/2030 91282CHF1 US Treasury 0.33 1.34 5/15/2025 4.150 1,000,000.00 981,940.00 999,810.00 5/31/2030 1,581 6,387.36 100 % T-Note 3.75 6/30/2030 91282CHJ3 US Treasury 0.33 1.34 6/17/2025 4.040 1,000,000.00 986,890.00 999,730.00 6/30/2030 1,611 3,211.33 100 % 63 Asset % of Group Settlement YTM @ Face Maturity Days To Accrued Description CUSIPITicker Category Portfolio Percent Date Cost Amount/Shares Cost Value Market Value Date Maturity Interest T-Note 3.875 91282CFY2 US Treasury 0.33 1.34 11/21/2024 4.271 1,000,000.00 982,265.63 1,005,900.00 11/30/2029 1,399 6,600.27 11/30/2029 100 /o T-Note 3.875 4/30/2030 91282CMZ1 US Treasury 0.33 1.34 5/5/2025 3.900 1,000,000.00 998,867.19 1,005,000.00 4/30/2030 1,550 9,848.07 100 % T-Note 3.875 7/15/2028 91282CNM9 US Treasury 0.33 1.34 7/31/2025 3.835 1,000,000.00 1,001,090.00 1,006,990.00 7/15/2028 896 1,712.71 100 % T-Note 3.875 7/31/2030 91282CNN7 US Treasury 0.33 1.34 7/31/2025 3.960 1,000,000.00 996,170.01 1,004,610.00 7/31/2030 1,642 0.00 100 % T-Note 3.875 9/30/2029 91282CFL0 US Treasury 0.33 1.34 10/8/2024 3.875 1,000,000.00 1,000,000.00 1,006,330.00 9/30/2029 1,338 13,094.09 100 % T-Note 4 1/15/2027 91282CJT9 US Treasury 0.33 1.34 1/31/2024 4.115 1,000,000.00 996,813.45 1,004,090.00 1/15/2027 349 1,767.96 100 % T-Note 4 10/31/2029 91282CFT3 US Treasury 0.33 1.34 10/31/2024 4.110 1,000,000.00 995,070.00 1,010,430.00 10/31/2029 1,369 10,165.75 100 % T-Note 4 2/28/2030 91282CGQ8 US Treasury 1 0.65 2.68 2/26/2025 4.140 2,000,000.00 1,987,440.00 2,020,240.00 2/28/2030 1,489 33,812.15 100 Yo T-Note 4 3/31/2030 91282CMU2 US Treasury 0.33 1.34 4/1/2025 3.950 1,000,000.00 1,002,265.63 1,009,960.00 3/31/2030 1,520 13,516.48 100 % T-Note 4 5/31/2030 91282CNG2 US Treasury 0.33 1.34 6/2/2025 4.060 1,000,000.00 997,304.69 1,009,880.00 5/31/2030 1,581 6,813.19 100 % T-Note 4 7/31/2029 91282CLC3 US Treasury 0.33 1.34 7/31/2024 4.134 1,000,000.00 994,000.00 1,010,940.00 7/31/2029 1,277 0.00 100 % T-Note 4 7/31/2030 91282CHR5 US Treasury 0.33 1.34 7/8/2025 3.965 1,000,000.00 1,001,560.00 1,009,730.00 7/31/2030 1,642 0.00 100 % T-Note 4.125 US Treasury I0.25 1.01 11/6/2023 4.524 750,000.00 739,200.00 757,297.50 10/31/2027 638 7,862.57 10/31/2027 91282CFU0 100 % T-Note 4.125 91282CFU0 US Treasury 0.33 1.34 5/31/2024 4.675 1,000,000.00 982,790.00 1,009,730.00 10/31/2027 638 10,483.43 10/31/2027 100 /o T-Note 4.125 91282CMA6 US Treasury l 0.33 1.34 12/2/2024 4.180 1,000,000.00 997,539.06 1,014,840.00 11/30/2029 1,399 7,026.10 11/30/2029 100 /o T-Note 4.125 3/31/2029 91282CKG5 US Treasury 0.33 1.34 4/1/2024 4.210 1,000,000.00 996,200.00 1,014,610.00 3/31/2029 1,155 13,938.87 100 Yo T-Note 4.125 6/15/2026 91282CHH7 US Treasury 0.33 1.34 2/26/2025 4.091 1,000,000.00 1,000,380.00 1,001,960.00 6/15/2026 135 5,326.24 100 Yo T-Note 4.125 9/30/2027 91282CFM8 US Treasury 0.33 1.34 7/30/2024 4.150 1,000,000.00 999,210.00 1,009,410.00 9/30/2027 607 13,938.87 100 % T-Note 4.25 1/31/2030 91282CMG3 US Treasury 0.33 1.34 1/31/2025 4.330 1,000,000.00 996,437.79 1,019,530.00 1/31/2030 1,461 0.00 100 % T-Note 4.25 6/30/2029 91282CKX8 US Treasury 0.65 2.68 7/1/2024 4.290 2,000,000.00 1,996,433.38 2,037,580.00 6/30/2029 1,246 7,279.01 100 % T-Note 4.375 US Treasury I0.49 2.01 12/31/2024 4.425 1,500,000.00 1,496,700.00 1,535,745.00 12/31/2029 1,430 5,619.82 12/31/2029 91282CMD0 100 % T-Note 4.5 5/31/2029 91282CKT7 US Treasury 0.65 2.68 5/31/2024 4.540 2,000,000.00 1,996,484.38 2,052,660.00 5/31/2029 1,216 15,329.67 100 % Sub Total /Average 24.38 100.00 3.643 74,500,000.00 73,513,002.76 74,460,962.50 1,018 505,268.68 Treasury Note Total / Average 100 3.669 305,627,334.27 304,455,354.58 305,912,362.94 568 1,939,409.70 64 t: 1.1Fo)RNlA City of La Quinta Investment Portfolio Quarterly Investment Report February 28, 2026 COMPLIANCE I I certify that this report accurately reflects all pooled investments and is in compliance with the California Government Code and the City Investment Policy. As Treasurer of the City of La Quinta, I hereby certify that sufficient investment liquidity and anticipated revenues are available to meet the City's expenditure requirements for the next six months. The City of La Quinta used the monthly account statements issued by our financial institutions to determine the fair market value of investments at month end. Portfolio Name Face Amount/Shares Market Value Book Value % of Portfolio YTM @ Cost Days To Maturity CAMP 56,553,035.11 56,553,035.11 56,553,035.11 18.28 3.96 63 CERBT OPEB Trust 2,358,622.81 2,358,622.81 2,358,622.81 0.76 2.73 1 Fiscal Agent - Debt Service 1,539,813.44 1,539,813.44 1,539,813.44 0.50 3.15 1 Fixed Income Investments 176,545,000.00 177,502,154.69 176,050,865.93 56.90 3.70 961 Housing Authority - LQPR 248,545.55 248,545.55 248,545.55 0.08 0.00 1 Housing Authority - DPME 1,498,821.39 1,498,821.39 1,498,821.39 0.48 0.00 1 Housing Authority - LAIF 2,300,308.62 2,300,264.53 2,300,308.62 0.74 3.87 1 LAIF 40,656,080.75 40,655,301.41 40,656,080.75 13.14 3.87 1 Money Market at Custodian 4,412,680.23 4,412,680.23 4,412,680.23 1.43 3.56 1 Operating Funds 17,163,366.66 17,163,366.66 17,163,366.66 5.55 3.54 1 PARS Pension Trust 6,640,275.50 6,640,275.50 6,640,275.50 2.15 1.61 1 Total / Average 309,916,550.06 310,872,881.32 309,422,415.99 100.00 3.68 559 5/7/2026 Claudia Martinez, Finance Director/City Treasurer Date 65 City of La Quinta I CA Portfolio Holdings Compliance Report I Investment Policy - by Issuer Report Format: By Transaction Group By: Security Type Average By: Face Amount / Shares Portfolio / Report Group: All Portfolios As of 2/28/2026 Description Asset % of Group Settlement YTM @ Face Maturity Days To Accrued CUSIP/Ticker Category Portfolio Percent Date Cost Amount/Shares Cost Value Market Value Date Maturity Interest Cash BMO Bank I LQ Palms Realty Cash BMO Suntrust I Dune Palms Cash LQPR1935 DPME4741-3599 City of La Quinta Cash PETTYCASH Checking Savings Sweep Accounts Checking Savings Sweep Accounts Checking Savings Sweep Accounts 0.08 14.20 3/31/2024 0.000 248,545.55 248,545.55 248,545.55 N/A 1 0.48 85.61 3/31/2024 0.000 1,498,821.39 1,498,821.39 1,498,821.39 N/A 1 0.00 0.19 3/31/2024 0.000 3,300.00 3,300.00 3,300.00 N/A 1 Sub Total / Average Cash Corporate Bond Alphabet, Inc 4.1 11/15/2030 Blackrock Funding Inc 4.7 3/14/2029-29 Guardian Life 4.4 12/11/2030 Walmart Inc 3.7 6/26/2028-28 02079KAW7 09290DAA9 40139LBP7 931142EE9 Corporate Notes 130 % Corporate Notes I 30 % Corporate Notes I 30 % Corporate Notes I 30 % 0.56 100.00 0.000 1,750,666.94 1,750,666.94 1,750,666.94 1 0.00 0.32 25.00 11/26/2025 3.844 1,000,000.00 1,011,470.00 1,009,070.00 11/15/2030 1,721 12,755.56 0.32 25.00 3/28/2024 4.623 1,000,000.00 1,003,380.00 1,026,400.00 3/14/2029 1,110 21,411.11 0.32 25.00 12/26/2025 4.248 1,000,000.00 1,006,710.00 1,010,200.00 12/11/2030 1,747 9,411.11 0.32 25.00 6/26/2023 4.303 1,000,000.00 973,110.00 1,002,590.00 6/26/2028 849 6,372.22 Sub Total / Average Corporate Bond FFCB Bond FFCB 0.71 8/10/2026- 3133EM2C5 23 FFCB 0.8 9/10/2026 3133EM4X7 FFCB 1.27 11/2/2026 3133ENCQ1 FFCB 3.375 9/15/2027 3133ENL99 FFCB 3.5 9/10/2029 3133ERSP7 US Agency 100 % US Agency 100 % US Agency 100 % US Agency 100 % US Agency 100 % 1.29 100.00 4.254 4,000,000.00 3,994,670.00 4,048,260.00 1,357 49,950.00 0.16 1.89 8/10/2021 0.792 500,000.00 498,000.00 493,310.00 8/10/2026 163 177.50 0.32 3.77 9/28/2021 0.985 1,000,000.00 991,080.00 984,930.00 9/10/2026 194 3,733.33 0.32 3.77 11/2/2021 1.270 1,000,000.00 1,000,000.00 984,240.00 11/2/2026 247 4,092.22 0.32 3.77 9/15/2022 3.430 1,000,000.00 997,492.55 998,230.00 9/15/2027 564 15,281.25 0.32 3.77 9/18/2024 3.470 1,000,000.00 1,001,350.00 1,000,580.00 9/10/2029 1,290 16,333.33 66 Asset % of Group Settlement YTM @ Face Maturity Days To Accrued Description CUSIP/Ticker Category Portfolio Percent Date Cost Amount/Shares Cost Value Market Value Date Maturity Interest FFCB 3.75 12/7/2027 3133EN3S7 USAgency 1 0.32 3.77 12/7/2022 3.794 1,000,000.00 998,000.00 1,005,760.00 12/7/2027 647 8,437.50 100 % FFCB 3.75 8/14/2028 3133ETTJ6 USAgency 1 0.32 3.77 8/14/2025 3.721 1,000,000.00 1,000,810.00 1,008,560.00 8/14/2028 898 1,458.33 100 % FFCB 3.75 8/15/2029 3133ERPS4 USAgency 1 0.32 3.77 8/15/2024 3.800 1,000,000.00 997,742.00 1,008,870.00 8/15/2029 1,264 1,354.17 100 % FFCB 3.875 1/18/2029 3133EPW84 USAgency 1 0.32 3.77 1/18/2024 4.051 1,000,000.00 992,100.00 1,012,210.00 1/18/2029 1,055 4,305.56 100 % FFCB 3.875 1/18/2029 3133EPW84 USAgency 1 0.32 3.77 1/30/2024 4.000 1,000,000.00 994,400.00 1,012,210.00 1/18/2029 1,055 4,305.56 100 % FFCB 3.875 10/15/2027 3133ERXJ5 USAgency 0.32 3.77 10/15/2024 3.875 1,000,000.00 1,000,000.00 1,005,730.00 10/15/2027 594 14,315.97 100 % FFCB 3.875 12/10/2027 3133ER6Q9 USAgency 1 0.32 3.77 3/19/2025 4.020 1,000,000.00 996,331.25 1,004,950.00 12/10/2027 650 8,395.83 100 % FFCB 3.875 2/14/2028 3133EPAV7 USAgency 1 0.32 3.77 2/15/2023 3.977 1,000,000.00 995,400.00 1,005,840.00 2/14/2028 716 1,506.94 100 % FFCB 3.875 6/8/2028 3133EPME2 US Agency 1 0.32 3.77 6/8/2023 3.915 1,000,000.00 998,190.00 1,010,490.00 6/8/2028 831 8,611.11 100 % FFCB 4 11/29/2027 3133EN3H1 USAgency 1 0.32 3.77 11/29/2022 4.030 1,000,000.00 998,650.00 1,008,950.00 11/29/2027 639 9,888.89 100 % FFCB 4 3/18/2030 3133ER7L9 US Agency 1 0.32 3.77 3/19/2025 4.080 1,000,000.00 996,415.16 1,015,390.00 3/18/2030 1,479 17,777.78 100 % FFCB44/1/2030 3133ETBF3 USAgencyI 0.32 3.77 4/9/2025 3.900 1,000,000.00 1,004,470.00 1,018,510.00 4/1/2030 1,493 16,333.33 100 % FFCB 4 5/1/2030 3133ETFAO USAgency 1 0.32 3.77 5/1/2025 4.000 1,000,000.00 1,000,000.00 1,015,310.00 5/1/2030 1,523 13,000.00 100 % FFCB 4 6/17/2030 3133ETLM7 USAgency 1 0.32 3.77 6/17/2025 4.045 1,000,000.00 997,981.30 1,018,990.00 6/17/2030 1,570 7,888.89 100 % FFCB 4 9/29/2027 3133ENQ29 US Agency 1 0.32 3.77 9/30/2022 4.080 1,000,000.00 996,400.00 1,007,670.00 9/29/2027 578 16,555.56 100 % FFCB 4.125 12/17/2029 3133ERL41 USAgency l 0.32 3.77 12/17/2024 4.140 1,000,000.00 999,320.00 1,019,560.00 12/17/2029 1,388 8,135.42 100 % FFCB 4.125 2/13/2029 3133EP3B9 USAgency 1 0.32 3.77 2/14/2024 4.318 1,000,000.00 991,400.00 1,019,590.00 2/13/2029 1,081 1,718.75 100 % FFCB 4.25 7/17/2028 3133EPQD0 USAgency 1 0.32 3.77 7/31/2023 4.280 1,000,000.00 998,655.69 1,019,080.00 7/17/2028 870 4,840.28 100 % FFCB 4.25 8/7/2028 3133EPSK2 US Agency 1 0.32 3.77 8/18/2023 4.467 1,000,000.00 990,400.00 1,019,120.00 8/7/2028 891 2,479.17 100 % FFCB 4.33 3/18/2030- 3133ER7E5 US Agency 1 0.32 3.77 4/23/2025 4.330 1,000,000.00 1,000,000.00 1,002,020.00 3/18/2030 1,479 19,244.44 27 100 /o FFCB 4.375 4/10/2029 3133ERAK7 USAgency 1 0.32 3.77 4/23/2024 4.701 1,000,000.00 985,690.00 1,027,840.00 4/10/2029 1,137 16,770.83 100 % FFCB 4.625 11/13/2028 3133EPC45 USAgency 0.32 3.77 11/13/2023 4.630 1,000,000.00 999,770.00 1,028,660.00 11/13/2028 989 13,489.58 100 % Sub Total /Average 8.55 100.00 3.763 26,500,000.00 26,420,047.95 26,756,600.00 951 240,431.52 FFCB Bond FHLB Bond 67 Asset % of Group Settlement YTM @ Face Maturity Days To Accrued Description CUSIP/Ticker Category Portfolio Percent Date Cost Amount/Shares Cost Value Market Value Date Maturity Interest FHLB 0.75 6/12/2026 3130AMFS6 US Agency 1 0.32 3.97 6/17/2021 0.885 1,000,000.00 993,420.00 991,510.00 6/12/2026 104 1,583.33 100 % FHLB 0.95 10/13/2026- 3130APB46 USAgency 1 0.32 3.97 10/13/2021 0.986 1,000,000.00 998,250.00 983,330.00 10/13/2026 227 3,562.50 23 100/0 FHLB 1 9/30/2026-22 3130APBM6 USAgency 1 0.32 3.97 9/30/2021 1.021 1,000,000.00 999,000.00 984,510.00 9/30/2026 214 4,111.11 100 % FHLB 1.25 12/21/2026 3130AQF65 USAgency 1 0.32 3.97 12/22/2021 1.255 1,000,000.00 999,750.00 982,260.00 12/21/2026 296 2,326.39 100 % FHLB 1.5 1/27/2027-23 3130AQJR5 USAgency 1 0.32 3.97 1/27/2022 1.500 1,000,000.00 1,000,000.00 981,320.00 1/27/2027 333 1,291.67 100 % 23 LB 1.83 2/10/2027- 3130AQSA2 1 oAgency 1 0.32 3.97 2/10/2022 1.830 1,000,000.00 1,000,000.00 983,690.00 2/10/2027 347 915.00 FHLB 2.7 4/19/2027-24 3130ARGY1 US Agency 1 0.32 3.97 4/19/2022 2.700 1,000,000.00 1,000,000.00 990,390.00 4/19/2027 415 9,675.00 100 % FHLB 3.3 6/28/2027-24 3130ASDV8 US Agency 1 0.10 1.19 6/28/2022 3.300 300,000.00 300,000.00 299,088.00 6/28/2027 485 1,650.00 100 % FHLB 3.5 9/13/2030 3130AF2S5 USAgency 1 0.32 3.97 9/15/2025 3.580 1,000,000.00 996,370.00 1,000,080.00 9/13/2030 1,658 16,041.67 100 % FHLB 3.65 10/21/2030- 3130B8CC4 USAgency 1 0.32 3.97 10/24/2025 3.650 1,000,000.00 1,000,000.00 998,670.00 10/21/2030 1,696 12,673.61 28 100 /o FHLB 3.78 1/9/2031-29 3130B93L2 USAgency 1 0.32 3.97 1/9/2026 3.780 1,000,000.00 1,000,000.00 1,005,560.00 1/9/2031 1,776 5,145.00 100 % FHLB 4 10/5/2029-27 3130B35F6 USAgency 1 0.32 3.97 10/8/2024 4.000 1,000,000.00 1,000,000.00 1,002,950.00 10/5/2029 1,315 15,888.89 100 % FHLB 4 10/9/2026 3130B3A29 USAgency 1 0.32 3.97 3/19/2025 4.020 1,000,000.00 999,682.10 1,002,380.00 10/9/2026 223 15,444.44 100 % FHLB 4 7/30/2029-27 3130B7BU7 USAgency 1 0.32 3.97 7/31/2025 4.000 1,000,000.00 1,000,000.00 1,006,970.00 7/30/2029 1,248 3,111.11 100 % FHLB 4.125 4/4/2030- 3130B5SX7 US Agency 1 0.32 3.97 4/4/2025 4.125 1,000,000.00 1,000,000.00 1,004,650.00 4/4/2030 1,496 16,500.00 27 100 /o FHLB 4.125 9/14/2029 3130ATHX8 USAgency 1 0.32 3.97 10/31/2024 4.125 1,000,000.00 1,000,000.00 1,020,410.00 9/14/2029 1,294 18,791.67 100 % FHLB 4.2 3/27/2030-28 3130B5K80 USAgency 1 0.32 3.97 3/27/2025 4.200 1,000,000.00 1,000,000.00 1,009,720.00 3/27/2030 1,488 17,616.67 100 % FHLB 4.3 10/23/2029- 3130B3ES8 USAgency 1 0.32 3.97 10/30/2024 4.351 1,000,000.00 997,750.00 1,003,440.00 10/23/2029 1,333 14,930.56 26 100 /o FHLB 4.3 6/17/2030-27 3130B6PN0 US Agency 1 0.32 3.97 6/17/2025 4.300 1,000,000.00 1,000,000.00 1,006,210.00 6/17/2030 1,570 8,480.56 100 % FHLB 4.45 2/12/2029- 3130AYXU5 US Agency 1 0.65 7.94 2/15/2024 4.450 2,000,000.00 2,000,000.00 2,011,820.00 2/12/2029 1,080 3,955.56 27 100 /o 26 LB 4.5 12/10/2029- 3130B46Y2 1 oAgency l 0.32 3.97 12/31/2024 4.500 1,000,000.00 1,000,000.00 1,005,180.00 12/10/2029 1,381 9,750.00 28 LB 4.65 1/14/2030-3130B4LS8 1 oAgency l 0.32 3.97 1/14/2025 4.650 1,000,000.00 1,000,000.00 1,013,170.00 1/14/2030 1,416 5,683.33 FHLB 4.75 9/8/2028 3130AXEL8 US Agency 0.32 3.97 10/3/2023 4.762 1,000,000.00 999,500.00 1,030,860.00 9/8/2028 923 22,430.56 100 % 27 LB 5.04 4/23/2029- 3130B14L8 1 oAgency 1 0.29 3.57 4/25/2024 5.040 900,000.00 900,000.00 908,586.00 4/23/2029 1,150 15,750.00 68 Asset % of Group Settlement YTM @ Face Maturity Days To Accrued Description CUSIP/Ticker Category Portfolio Percent Date Cost Amount/Shares Cost Value Market Value Date Maturity Interest 22 LB Step 11/24/2026-3130APTV7 10US 0Agency 1 0.16 1.98 11/24/2021 1.489 500,000.00 499,500.00 493,990.00 11/24/2026 269 2,611.11 FHLB Step 3/30/2026 3130ALV92 US Agency 1 0.16 1.98 3/30/2021 0.938 500,000.00 500,000.00 498,950.00 3/30/2026 30 2,158.33 100 % Sub Total /Average 8.13 100.00 3.328 25,200,000.00 25,183,222.10 25,219,694.00 962 232,078.07 FHLB Bond FHLMC Bond 21 FHLMC 0.7 12/30/2026- 3134GWUQ7 1 oAgency 1 0.32 66.67 2/10/2022 1.870 1,000,000.00 945,570.00 976,550.00 12/30/2026 305 2,877.78 21 FHLMC 0.8 10/28/2026-3134GW6C5 1 oAgency 1 0.16 33.33 1/5/2022 1.404 500,000.00 486,000.00 490,835.00 10/28/2026 242 1,333.33 Sub Total /Average 0.48 100.00 1.715 1,500,000.00 1,431,570.00 1,467,385.00 284 4,211.11 FHLMC Bond FNMA Bond FNMA 3.75 12/3/2030-3136GC6X8 1 oAgency 1 0.32 14.29 2/11/2026 3.750 1,000,000.00 1,000,000.00 1,000,940.00 12/3/2030 1,739 8,854.17 27 FNMA4 5/6/2030-27 3136GAGH6 US Agency 1 0.32 14.29 5/6/2025 4.000 1,000,000.00 1,000,000.00 1,003,790.00 5/6/2030 1,528 12,444.44 100 % 26 MA4.125 3/12/2030- 3136GACD9 USAgency 1 0.32 14.29 3/12/2025 4.375 1,000,000.00 988,880.00 1,000,110.00 3/12/2030 1,473 19,020.83 FNMA4.125 7/16/2030- 3136GAKH1 US Agency 1 0.32 14.29 7/25/2025 4.126 1,000,000.00 999,950.00 1,007,050.00 7/16/2030 1,599 4,812.50 27 100 /o 26 MA4.15 7/28/2028- 3136GAKZ1 1 oAgency 1 0.32 14.29 7/31/2025 4.150 1,000,000.00 1,000,000.00 1,002,000.00 7/28/2028 881 3,458.33 FNMA 4.254/8/2030-27 3136GAF20 USAgency 1 0.32 14.29 4/9/2025 4.250 1,000,000.00 1,000,000.00 1,005,130.00 4/8/2030 1,500 16,527.78 100 % FNMA4.5 5/20/2030-26 3136GAHF9 US Agency 1 0.32 14.29 5/28/2025 4.500 1,000,000.00 1,000,000.00 1,000,980.00 5/20/2030 1,542 12,250.00 100 % Sub Total /Average 2.26 100.00 4.164 7,000,000.00 6,988,830.00 7,020,000.00 1,466 77,368.05 FNMA Bond Guaranteed Investment Contract CAMP TERM 4.07 CAMPTERM62526 Investment 9.68 100.00 7/3/2025 4.070 30,000,000.00 30,000,000.00 30,000,000.00 6/25/2026 117 802,849.31 6/25/2026 Pools Sub Total / Average Guaranteed 9.68 100.00 4.070 30,000,000.00 30,000,000.00 30,000,000.00 117 802,849.31 Investment Contract Local Government Investment Pool CAMP LGIP CAMP7001 Investment 8.57 38.20 3/31/2024 3.830 26,553,035.11 26,553,035.11 26,553,035.11 N/A 1 Pools LAIF I City LGIP CITYLAIF3434 Investment 13.12 58.49 2/28/2024 3.871 40,656,080.75 40,656,080.75 40,655,301.41 N/A 1 Pools LAIF I Housing LGIP HOUSINGLAIF3005 Investment 0.74 3.31 2/28/2024 3.871 2,300,308.62 2,300,308.62 2,300,264.53 N/A 1 Pools Sub Total / Average 22.43 100.00 3.855 69,509,424.48 69,509,424.48 69,508,601.05 1 0.00 Local Government 69 Description Asset % of Group Settlement YTM @ Face Maturity Days To Accrued CUSIP/Ticker Category Portfolio Percent Date Cost Amount/Shares Cost Value Market Value Date Maturity Interest Investment Pool Money Market BMO Bank I Operating BMO1851 OP- Money Market MM TYCXX Mutual Funds 1 20/0 Trusts Not OPEB Trust MM OPEBTRUST Subject to Policy PARS Pension Trust Trusts Not MM PARSTRUST Subject to Policy US Bank I Custodian Money Market USB3000-FUZXX Mutual Funds MM 20% US Bank I Fiscal Agent Money Market USB4000-6000 Mutual Funds MM 20% Sub Total / Average Money Market 5.54 53.44 3/31/2024 3.540 17,160,066.66 17,160,066.66 17,160,066.66 0.76 7.35 3/31/2024 2.730 2,358,622.81 2,358,622.81 2,358,622.81 2.14 20.68 3/31/2024 1.610 6,640,275.50 6,640,275.50 6,640,275.50 1.42 13.74 3/31/2024 3.560 4,412,680.23 4,412,680.23 4,412,680.23 0.50 4.80 3/31/2024 3.150 1,539,813.44 1,539,813.44 1,539,813.44 10.36 100.00 3.065 32,111,458.64 32,111,458.64 32,111,458.64 N/A N/A N/A N/A N/A 1 1 1 1 1 1 0.00 Negotiable Certificate Of Deposit Advantage Credit Union 00790UAE7 Certificate of o 0.08 0.67 7/31/2024 4.450 249,000.00 249,000.00 252,555.72 7/31/2028 884 0.00 IA 4.45 7/31/2028 Deposits 130 /o Affinity Bank, NA GA Certificate of 0.08 0.67 3/17/2023 4.900 248,000.00 248,000.00 253,198.08 3/17/2028 748 366.22 4.9 3/17/2028 00833JAQ4 Deposits 130 % Alabama Credit Union 5 01025RAG4 Certificate of o 0.08 0.67 6/20/2023 5.000 248,000.00 248,000.00 249,041.60 6/22/2026 114 271.78 /a 6/22/2026 Deposits 130 All In FCU AL 4.4 01664MAB2 Certificate of o 0.08 0.67 12/20/2022 4.400 248,000.00 248,000.00 250,522.16 12/20/2027 660 239.17 /o 12/20/2027 Deposits 130 Alliant Credit Union IL 5 01882MAC6 Certificate of o 0.08 0.67 12/30/2022 5.000 247,000.00 247,000.00 252,132.66 12/30/2027 670 0.00 /a 12/30/2027 Deposits 130 Altaone FCU CA 4.45 02157RAA5 Certificate of o 0.08 0.67 7/19/2024 4.450 249,000.00 249,000.00 253,755.90 7/19/2029 1,237 819.65 /o 7/19/2029 Deposits 130 Amer. Nat'l Bank of MN 02769QFW4 Certificate of o 0.08 0.67 12/23/2025 3.650 249,000.00 249,000.00 245,875.05 12/23/2030 1,759 124.50 /o 3.65 12/23/2030 Deposits 130 Amerant Bank, NA FL 02357QAQ0 Certificate of o 0.08 0.66 2/14/2022 1.600 245,000.00 245,000.00 240,038.75 2/16/2027 353 150.36 /a 1.6 2/16/2027 Deposits 130 American Express Nat'I 02589ADH2 Certificate of o 0.08 0.66 8/29/2022 3.450 245,000.00 245,000.00 243,828.90 7/27/2027 514 741.04 /o Bank 3.45 7/27/2027 Deposits 130 Austin Telco FCU TX Certificate of 052392BT3 0.08 0.67 9/21/2022 3.800 248,000.00 248,000.00 248,027.28 9/21/2027 570 697.12 3.8 9/21/2027 Deposits 130 % Balboa Thrift & Loan 05765LBU0 Certificate of o 0.08 0.67 7/19/2023 4.400 248,000.00 248,000.00 255,963.28 7/19/2028 872 269.06 /a 4.4 7/19/2028 Deposits 130 Ballston Spa Nat'I Bank 058723AQ0 Certificate of o 0.08 0.67 5/24/2024 4.800 248,000.00 248,000.00 249,899.68 11/24/2026 269 130.45 /o NY 4.8 11/24/2026 Deposits 130 Bank Five Nine WI 4.25 062119BT8 Certificate of o 0.08 0.67 5/12/2023 4.250 248,000.00 248,000.00 250,172.48 5/12/2028 804 462.03 /a 5/12/2028 Deposits 130 Bank of the Sierra CA 064860MC0 Certificate of o 0.08 0.66 3/15/2023 4.600 244,000.00 244,000.00 246,059.36 3/15/2027 380 5,104.61 /a 4.6 3/15/2027 Deposits 130 70 Asset % of Group Settlement YTM @ Face Maturity Days To Accrued CUSIP/Ticker Category Portfolio Percent Date Cost Amount/Shares Cost Value Market Value Date Maturity Interest Bankers Bank WI 4.15 06610RCA5 Certificate of ° 0.08 0.67 5/24/2023 4.150 248,000.00 248,000.00 249,674.00 5/24/2028 816 112.79 /° 5/24/2028 Deposits 130 BankFirst Norfolk NE Certificate of 06644QAC5 0.08 0.67 6/21/2024 4.500 248,000.00 248,000.00 253,049.28 6/21/2029 1,209 214.03 4.5 6/21/2029 Deposits 130 % Baxter Credit Union IL 07181JBH6 Certificate of ° 0.08 0.67 8/22/2024 4.350 248,000.00 248,000.00 251,045.44 8/22/2028 906 177.34 /° 4.35 8/22/2028 Deposits 130 Beal Bank TX 1.9 07371AYE7 Certificate of ° 0.08 0.66 2/23/2022 1.900 245,000.00 245,000.00 240,727.20 2/17/2027 354 63.77 /o 2/17/2027 Deposits 130 Beal Bank USA NV 1.9 Certificate of 073710E88 0.08 0.66 2/23/2022 1.900 245,000.00 245,000.00 240,727.20 2/17/2027 354 63.77 2/17/2027 Deposits 130 % Blue Ridge Bank, NA Certificate of VA 4.2 2/28/2028 09582YAF9 Deposits 30 % 0.08 0.66 2/28/2023 4.200 244,000.00 244,000.00 245,517.68 2/28/2028 730 0.00 BMW Bank North 05612LFA5 Certificate of ° 0.08 0.66 5/23/2025 4.000 244,000.00 244,000.00 244,678.32 11/23/2027 633 2,593.75 /o America 4 11/23/2027 Deposits 130 BNY Mellon, NA PA 4.5 05584CJJ6 Certificate of ° 0.08 0.66 9/7/2023 4.500 244,000.00 244,000.00 247,806.40 9/7/2028 922 5,234.30 /° 9/7/2028 Deposits 130 BOM Bank LA4.1 09776DAV6 Certificate of ° 0.08 0.67 6/24/2025 4.100 248,000.00 248,000.00 249,864.96 6/24/2030 1,577 111.43 /o 6/24/2030 Deposits 130 Bridgewater Bank MN Certificate of 0.08 0.67 3/29/2023 4.850 248,000.00 248,000.00 250,876.80 3/29/2027 394 0.00 4.85 3/29/2027 108622NJ6 Deposits 130 % Capital One, NA 1.1 14042RQB0 Certificate of ° 0.08 0.67 11/17/2021 1.100 248,000.00 248,000.00 243,312.80 11/17/2026 262 769.82 /° 11/17/2026 Deposits 130 Carter Bank & Trust 146102AS7 Certificate of ° 0.08 0.67 7/5/2024 4.550 248,000.00 248,000.00 253,473.36 7/5/2029 1,223 711.05 /o 4.55 7/5/2029 Deposits 130 Carter FCU LA 0.75 14622LAA0 Certificate of ° 0.08 0.67 4/27/2021 0.750 248,000.00 248,000.00 246,836.88 4/27/2026 58 5.10 /° 4/27/2026 Deposits 130 Celtic Bank UT 3.65 15118RR33 Certificate of ° 0.08 0.67 9/26/2024 3.650 248,000.00 248,000.00 246,226.80 9/26/2029 1,306 49.60 /° 9/26/2029 Deposits 130 Central Bank AK 4 152577BN1 Certificate of ° 0.08 0.67 5/12/2023 4.000 248,000.00 248,000.00 248,860.56 5/12/2028 804 434.85 /o 5/12/2028 Deposits 130 cfsbank PA4.7 12526AAM9 Certificate of ° 0.08 0.66 5/30/2024 4.700 244,000.00 244,000.00 247,542.88 11/30/2027 640 2,827.73 /° 11/30/2027 Deposits 130 Chartway FCU VA 4.9 16141BAC5 Certificate of ° 0.08 0.67 6/9/2023 4.900 248,000.00 248,000.00 248,830.80 6/9/2026 101 632.57 /° 6/9/2026 Deposits 130 CIBC Bank USA IL 4.35 Certificate of 12547CBJ6 0.08 0.66 5/16/2023 4.350 244,000.00 244,000.00 246,549.80 5/16/2028 808 3,024.26 5/16/2028 Deposits 130 % Civic FCU 3.65 178808AF8 Certificate of ° 0.08 0.67 9/26/2025 3.650 248,000.00 248,000.00 246,906.32 9/26/2028 941 49.60 /° 9/26/2028 Deposits 130 Comenity Capital Bank 20033A3A2 Certificate of ° 0.08 0.67 4/14/2022 2.650 248,000.00 248,000.00 245,001.68 4/14/2027 410 252.08 /o UT 2.65 4/14/2027 Deposits 130 20786ADL6 Certificate of ° 0.08 0.67 9/24/2021 0.800 248,000.00 248,000.00 243,836.08 9/24/2026 208 21.74 /° Deposits 130 Connexus Credit Union 20825WAR1 Certificate of ° 0.08 0.67 12/23/2021 1.250 249,000.00 249,000.00 243,995.10 12/23/2026 298 0.00 /° WI 1.25 12/23/2026 Deposits 130 Description ConnectOne Bank NJ 0.8 9/24/2026 Cornerstone Comm. FCU NY 3.7 10/1/2029 County Schools FCU CA 4.4 9/30/2027 21923MAB7 Certificate of ° 0.08 0.67 9/30/2024 3.700 248,000.00 248,000.00 246,623.60 10/1/2029 1,311 0.00 /o Deposits 130 22258JAB7 Certificate of ° 0.08 0.67 9/30/2022 4.400 248,000.00 248,000.00 250,284.08 9/30/2027 579 0.00 /° Deposits 130 71 Asset % of Group Settlement YTM @ Face Maturity Days To Accrued Description CUSIP/Ticker Category Portfolio Percent Date Cost Amount/Shares Cost Value Market Value Date Maturity Interest Covantage Credit Union 22282XAD2 Certificate of ° 0.08 0.67 8/6/2024 4.200 247,000.00 247,000.00 249,136.55 8/7/2028 891 625.28 /° WI 4.2 8/7/2028 Deposits 130 Credit Human FCU 3.6 22537MAH0 Certificate of ° 0.08 0.67 9/29/2025 3.600 248,000.00 248,000.00 246,546.72 9/29/2028 944 0.00 /o 9/29/2028 Deposits 130 Cross River Bank NJ 227563GC1 Certificate of ° 0.08 0.66 4/26/2024 4.500 244,000.00 244,000.00 245,944.68 4/26/2027 422 3,760.27 /° 4.5 4/26/2027 Deposits 130 Customers Bank PA 4.5 23204HPB8 Certificate of ° 0.08 0.66 6/14/2023 4.500 244,000.00 244,000.00 247,413.56 6/14/2028 837 2,286.25 /o 6/14/2028 Deposits 130 Cy -Fair FCU TX 4.5 Certificate of 0.08 0.67 5/12/2023 4.500 248,000.00 248,000.00 251,481.92 5/12/2028 804 489.21 5/12/2028 23248UAB3 Deposits 130 % Direct FCU MA 4.8 25460FDW3 Certificate of ° 0.08 0.67 11/7/2022 4.800 248,000.00 248,000.00 252,074.64 11/8/2027 618 684.89 /° 11/8/2027 Deposits 130 Dort Financial Credit Certificate of Union MI 4.5 25844MAK4 Deposits 30 % 0.08 0.67 12/16/2022 4.500 247,000.00 247,000.00 249,909.66 12/16/2027 656 1,766.22 12/16/2027 EagleBank MD 4.05 27002YHQ2 Certificate of ° 0.08 0.67 4/16/2025 4.050 248,000.00 248,000.00 249,408.64 4/16/2030 1,508 330.21 /o 4/16/2030 Deposits 130 Eaglemark Savings 27004PCM3 Certificate of ° 0.08 0.66 3/2/2022 2.000 245,000.00 245,000.00 240,781.10 3/2/2027 367 2,403.01 /° Bank NV 2 3/2/2027 Deposits 130 Empower FCU NY 5.25 291916AJ3 Certificate of ° 0.08 0.67 11/15/2023 5.250 247,000.00 247,000.00 256,084.66 11/15/2028 991 639.49 /o 11/15/2028 Deposits 130 Enterprise Bank PA 4.6 29367RND4 Certificate of ° 0.08 0.67 6/7/2024 4.600 248,000.00 248,000.00 253,778.40 6/7/2029 1,195 656.35 /o 6/7/2029 Deposits 130 Evergreen Bank Group 300185LM5 Certificate of ° 0.08 0.67 1/27/2023 3.850 248,000.00 248,000.00 248,057.04 7/27/2026 149 26.16 /° IL 3.85 7/27/2026 Deposits 130 Fahey Banking 303117DN2 Certificate of ° 0.08 0.67 2/28/2025 4.200 248,000.00 248,000.00 249,450.80 8/30/2027 548 0.00 /o Company 4.2 8/30/2027 Deposits 130 Farmers & Merchants Certificate of Bank of Colby 4.4 30781JBU3 Deposits 30 % 0.08 0.67 7/5/2024 4.400 248,000.00 248,000.00 252,302.80 7/5/2029 1,223 687.61 7/5/2029 Fidelity Bank LA 0.7 Certificate of 0.08 0.67 4/30/2021 0.700 248,000.00 248,000.00 246,722.80 4/30/2026 61 0.00 4/30/2026 31617CAV5 Deposits 130 % Fieldpoint Private B&T 31657FBA4 Certificate of ° 0.08 0.67 9/4/2024 4.000 248,000.00 248,000.00 248,310.00 9/4/2026 188 652.27 /° CT 4 9/4/2026 Deposits 130 First Bank Elk River MN 31911 KAK4 Certificate of ° 0.08 0.67 6/30/2023 4.400 248,000.00 248,000.00 254,572.00 6/30/2028 853 0.00 /o 4.4 6/30/2028 Deposits 130 First Federal Savings IN 32021YEV1 Certificate of ° 0.08 0.67 2/9/2024 4.250 248,000.00 248,000.00 248,468.72 7/9/2026 131 548.66 /° 4.25 7/9/2026 Deposits 130 First Nat'l Bank of Certificate of America MI 3.75 32110YQ24 Deposits 30 % 0.08 0.67 10/30/2024 3.750 248,000.00 248,000.00 247,531.28 10/30/2028 975 0.00 10/30/2028 First Service CU f/k/a Certificate of SPCA TX 4.35 78472EAB0 Deposits 30 % 0.08 0.67 1/20/2023 4.350 249,000.00 249,000.00 251,375.46 1/20/2028 691 237.40 1/20/2028 Forbright Bank MD 4.6 34520LAT0 Certificate of ° 0.08 0.67 11/2/2022 4.600 248,000.00 248,000.00 251,206.64 11/2/2027 612 812.62 /° 11/2/2027 Deposits 130 Four Points FCU 4.55 35089LAF0 Certificate of ° 0.08 0.67 5/10/2023 4.550 248,000.00 248,000.00 248,443.92 5/11/2026 72 556.47 /o 5/11/2026 Deposits 130 Genesee Regional 37173RAL7 Certificate of 0.08 0.66 12/27/2023 4.200 244,000.00 244,000.00 244,873.52 12/28/2026 303 1,768.83 Bank NY 4.2 Deposits 130 % 72 Description Asset % of Group Settlement YTM @ Face Maturity Days To Accrued CUSIP/Ticker Category Portfolio Percent Date Cost Amount/Shares Cost Value Market Value Date Maturity Interest 12/28/2026 Global FCU f/k/a Alaska USA AK 4.6 3/8/2028 Golden State Bank CA 4.45 6/22/2027 Goldman Sachs Bank USA 1 7/28/2026 Greenstate Credit Union IA 0.95 4/16/2026 Gulf Coast Bank New Orleans LA 3.6 10/29/2030 Healthcare Systems FCU VA 5.1 10/27/2028 Ideal Credit Union MN 4.5 12/29/2027 Inst. for Savings Newburyport MA 3.65 10/28/2030 Jeep Country FCU OH 4.7 6/29/2027 Knoxville TVA Employees Credit Union 4.85 8/25/202 Lafayette FCU MD 4.1 3/28/2029 Latino Community Credit Union NC 4.5 12/21/2027 Leaders Credit Union TN 5.1 10/30/2028 Legacy Bank & Trust Co. MO 4.5 9/27/2028 Legends Bank TN 3.75 9/11/2028 Liberty First Credit Union NE 4.5 2/22/2028 M1 Bank, Clayton MO 3.7 2/18/2028 Maine Community Bank 3.75 8/30/2027 Maine Savings FCU 4.8 7/21/2028 Malaga Bank, FSB CA 3.6 10/24/2030 Marathon Bank WI 1.8 3/16/2027 Marine FCU NC 4 8/31/2026 011852AE0 38120MCA2 38149MXK4 39573LBC1 402194GQ1 42228LAN1 45157PAZ3 45780PDK8 472312AA5 499724AP7 50625LCA9 51828MAC8 52171 MAM7 52470QEC4 52465JKL0 530520AH8 55316CEA0 560390DC7 560507AQ8 56102ACC8 565819AG4 56824JBC7 Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % 0.08 0.67 3/8/2023 4.600 248,000.00 248,000.00 251,682.80 3/8/2028 739 625.10 0.08 0.67 6/22/2023 4.450 249,000.00 249,000.00 251,191.20 6/22/2027 479 182.15 0.08 0.67 7/28/2021 1.000 248,000.00 248,000.00 245,061.20 7/28/2026 150 210.63 0.08 0.67 4/16/2021 0.950 249,000.00 249,000.00 248,096.13 4/16/2026 47 174.98 0.08 0.66 10/29/2025 3.600 245,000.00 245,000.00 241,486.70 10/29/2030 1,704 2,948.05 0.08 0.67 10/27/2023 5.100 248,000.00 248,000.00 255,928.56 10/27/2028 972 34.65 0.08 0.67 12/29/2022 4.500 248,000.00 248,000.00 251,005.76 12/29/2027 669 825.53 0.08 0.67 10/28/2025 3.650 248,000.00 248,000.00 244,981.84 10/28/2030 1,703 0.00 0.08 0.67 6/29/2023 4.700 248,000.00 248,000.00 250,956.16 6/29/2027 486 0.00 0.08 0.67 8/25/2023 4.850 248,000.00 248,000.00 254,021.44 8/25/2028 909 889.74 0.08 0.67 3/28/2025 4.100 248,000.00 248,000.00 249,877.36 3/28/2029 1,124 0.00 0.08 0.67 12/21/2022 4.500 248,000.00 248,000.00 250,958.64 12/21/2027 661 214.03 0.08 0.67 10/30/2023 5.100 248,000.00 248,000.00 256,032.72 10/30/2028 975 0.00 0.08 0.67 9/27/2023 4.500 248,000.00 248,000.00 252,030.00 9/27/2028 942 30.58 0.08 0.67 9/11/2024 3.750 248,000.00 248,000.00 247,518.88 9/11/2028 926 433.15 0.08 0.67 2/21/2023 4.500 248,000.00 248,000.00 251,119.84 2/22/2028 724 825.53 0.08 0.66 2/18/2026 3.700 245,000.00 245,000.00 244,291.95 2/18/2028 720 248.36 0.08 0.67 8/30/2024 3.750 248,000.00 248,000.00 247,843.76 8/30/2027 548 0.00 0.08 0.67 7/21/2023 4.800 248,000.00 248,000.00 253,493.20 7/21/2028 874 228.30 0.08 0.67 10/24/2025 3.600 248,000.00 248,000.00 244,545.36 10/24/2030 1,699 97.84 0.08 0.67 3/16/2022 1.800 248,000.00 248,000.00 243,054.88 3/16/2027 381 146.76 0.08 0.67 8/30/2024 4.000 248,000.00 248,000.00 248,302.56 8/31/2026 184 0.00 73 Description Medallion Bank UT 4.85 10/20/2028 Merrick Bank UT 1.1 11/9/2026 Metro Credit Union MA 1.7 2/18/2027 Mid Carolina Credit Union SC 4.85 3/13/2026 Milestone Bk f/k/a LCA UT 1 6/26/2026 Minnwest Bank MN 4.25 5/3/2027 Money One FCU MD 5 9/14/2028 Morgan Stanley Bank, NA 4.25 3/5/2030 Asset % of Group Settlement YTM @ Face Maturity Days To Accrued CUSIP/Ticker Category Portfolio Percent Date Cost Amount/Shares Cost Value Market Value Date Maturity Interest 58404DTP6 Certificate of o 0.08 0.67 10/20/2023 4.850 248,000.00 248,000.00 257,600.08 10/20/2028 965 263.63 /a Deposits 130 59013KPN0 Certificate of o 0.08 0.67 11/9/2021 1.100 249,000.00 249,000.00 244,443.30 11/9/2026 254 142.58 /o Deposits 130 59161YAP1 Certificate of o 0.08 0.67 2/18/2022 1.700 249,000.00 249,000.00 244,134.54 2/18/2027 355 313.13 /a Deposits 130 59524LAA4 Certificate of 0.08 0.67 3/13/2023 4.850 248,000.00 248,000.00 248,183.52 3/13/2026 13 494.30 Deposits 130 % 501798RP9 60425SKB4 60936TAL3 61690DT40 Morgan Stanley Private 61776NMT7 Bank 4.25 3/5/2030 Mountain American FCU 4.7 4/28/2026 MVB Bank, Inc. VW 4.05 2/1/2028 Nelnet Bank UT 1.8 3/2/2026 Northpointe Bank MI 4.85 10/20/2028 Numerica CU 4.15 11/26/2029 Oklahoma Educators CU 3.65 10/4/2027 Optum Bank, Inc UT 4 4/29/2030 Oregon Community Credit Union 4.85 6/7/2027 Pacific Crest Savings Bank WA 3.9 8/16/2029 Parkside Financial B&T MO 3.75 9/13/2028 Partners Bank of California 4.15 8/27/2027 Peoples Exchange Bank KY 4.15 8/9/2027 Ponce Bank NY 3.5 9/15/2027 Prevail Bank WI 4.25 1/24/2028 62384RAT3 62847NEP7 64034KAZ4 666613MK7 67054NBT9 67885MAE0 68405VDD8 68584JAT6 69417ADA4 70147AGA6 70212YBY7 71104AAS2 732329BD8 887171 AB2 Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % 0.08 0.67 12/27/2021 1.000 248,000.00 248,000.00 245,748.16 6/26/2026 118 428.05 0.08 0.67 5/1/2023 4.250 248,000.00 248,000.00 249,435.92 5/3/2027 429 779.67 0.08 0.67 9/14/2023 5.000 248,000.00 248,000.00 255,030.80 9/14/2028 929 475.62 0.08 0.66 3/5/2025 4.250 244,000.00 244,000.00 247,108.56 3/5/2030 1,466 5,000.33 0.08 0.66 3/5/2025 4.250 244,000.00 244,000.00 247,108.56 3/5/2030 1,466 5,000.33 0.08 0.67 4/28/2023 4.700 248,000.00 248,000.00 248,436.48 4/28/2026 59 862.22 0.08 0.67 8/1/2024 4.050 248,000.00 248,000.00 249,006.88 2/1/2028 703 742.98 0.08 0.66 3/2/2022 1.800 245,000.00 245,000.00 244,948.55 3/2/2026 2 2,162.71 0.08 0.67 10/20/2023 4.850 248,000.00 248,000.00 254,368.64 10/20/2028 965 263.63 0.08 0.67 11/26/2024 4.150 248,000.00 248,000.00 250,365.92 11/26/2029 1,367 56.39 0.08 0.67 10/3/2025 3.650 248,000.00 248,000.00 247,437.04 10/4/2027 583 620.00 0.08 0.66 4/28/2025 4.000 245,000.00 245,000.00 245,835.45 4/29/2030 1,521 3,302.47 0.08 0.67 6/7/2024 4.850 248,000.00 248,000.00 251,365.36 6/7/2027 464 692.02 0.08 0.67 8/16/2024 3.900 248,000.00 248,000.00 248,352.16 8/16/2029 1,265 317.98 0.08 0.67 9/13/2024 3.750 248,000.00 248,000.00 247,518.88 9/13/2028 928 382.19 0.08 0.66 2/27/2025 4.150 244,000.00 244,000.00 245,234.64 8/27/2027 545 27.74 0.08 0.67 8/9/2024 4.150 248,000.00 248,000.00 249,294.56 8/9/2027 527 535.75 0.08 0.67 9/15/2022 3.500 248,000.00 248,000.00 246,916.24 9/15/2027 564 309.15 0.08 0.67 7/24/2024 4.250 249,000.00 249,000.00 250,924.77 1/24/2028 695 115.97 74 Asset % of Group Settlement YTM @ Face Maturity Days To Accrued CUSIP/Ticker Category Portfolio Percent Date Cost Amount/Shares Cost Value Market Value Date Maturity Interest 76951DBZ2 Certificate of o 0.08 0.67 9/11/2024 3.850 248,000.00 248,000.00 248,295.12 3/11/2027 376 444.70 /o Deposits 130 Rize FCU f/k/a SCE CA 78413RAV9 Certificate of o 0.08 0.67 6/20/2024 4.700 248,000.00 248,000.00 254,589.36 6/20/2029 1,208 255.47 /o 4.7 6/20/2029 Deposits 130 77357DAD0 Certificate of o 0.08 0.67 12/22/2023 4.600 248,000.00 248,000.00 249,708.72 12/22/2026 297 187.53 /a Deposits 130 Safra Nat'l Bank NY 24773RCR4 Certificate of o 0.08 0.66 3/9/2022 2.000 245,000.00 245,000.00 240,849.70 2/25/2027 362 2,309.04 /o f/k/a/ Delta Nat'l 2 2 Deposits 130 Sallie Mae 3.9 Certificate of 795451EE9 0.08 0.66 12/10/2025 3.900 245,000.00 245,000.00 244,519.80 12/10/2030 1,746 2,094.25 12/10/2030 Deposits 130 % San Francisco FCU CA 79772FAG1 Certificate of o 0.08 0.67 2/3/2023 4.350 248,000.00 248,000.00 250,390.72 2/3/2028 705 738.90 /a 4.35 2/3/2028 Deposits 130 82671DAB3 Certificate of o 0.08 0.67 1/31/2023 4.400 248,000.00 248,000.00 250,613.92 1/31/2028 702 0.00 /o Deposits 130 SkyOne FCU CA 3.9 83088XAR9 Certificate of o 0.08 0.67 10/25/2024 3.900 248,000.00 248,000.00 248,448.88 10/25/2028 970 79.50 /a 10/25/2028 Deposits 130 SNB Bank, NA OK 4.1 78470MBS6 Certificate of o 0.08 0.67 8/14/2024 4.100 248,000.00 248,000.00 249,562.40 8/14/2028 898 390.01 /o 8/14/2028 Deposits 130 Sound Credit Union WA 83616HAH7 Certificate of o 0.08 0.67 6/2/2025 4.150 248,000.00 248,000.00 249,691.36 6/2/2028 825 733.13 /o 4.15 6/2/2028 Deposits 130 Southern Bank MO 4.2 843383CS7 Certificate of o 0.08 0.67 5/17/2023 4.200 248,000.00 248,000.00 249,922.00 5/17/2028 809 313.91 /a 5/17/2028 Deposits 130 Southern Bank of TN 84229QAC5 Certificate of o 0.08 0.67 7/12/2024 4.350 248,000.00 248,000.00 251,923.36 7/12/2029 1,230 472.90 /o 4.35 7/12/2029 Deposits 130 Southern States Bank Certificate of 843879GS0 0.08 0.67 3/21/2025 4.150 248,000.00 248,000.00 248,545.60 9/21/2026 205 197.38 4.15 9/21/2026 Deposits 130 % Spring Bank NY 3.7 849430DM2 Certificate of o 0.08 0.67 2/27/2026 3.700 248,000.00 248,000.00 245,703.52 8/27/2030 1,641 25.14 /a 8/27/2030 Deposits 130 Description RiverWood Bank MN 3.85 3/11/2027 Rockland FCU MA4.6 12/22/2026 Signature FCU VA 4.4 1/31/2028 St. Vincent's Medical Center FCU 4.6 6/16/2027 Stearns Bank, NA MN 4.2 8/9/2027 Sunwest Bank 3.55 9/28/2029 Synchrony Bank 0.9 9/3/2026 Technology Credit Union CA 5 5/29/2026 Texas Exchange Bank 3.7 9/6/2029 The Genoa Banking Co. 4.6 11/28/2028 The Greenwood's State Bank WI 3.05 5/17/2027 The Pitney Bowes Bank, Inc UT 4.35 4/13/2028 85279AAC6 Certificate of 0.08 0.67 6/16/2023 4.600 248,000.00 248,000.00 250,633.76 6/16/2027 473 375.06 Deposits 130 % 857894Q51 86804DDG0 87165ET98 87868YAQ6 88241 TSW1 372348DJ8 397417AQ9 724468AC7 Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % 0.08 0.66 8/8/2024 4.200 244,000.00 244,000.00 245,378.60 8/9/2027 527 561.53 0.08 0.67 9/30/2024 3.550 248,000.00 248,000.00 245,386.08 9/28/2029 1,308 0.00 0.08 0.66 9/3/2021 0.900 245,000.00 245,000.00 241,457.30 9/3/2026 187 1,087.40 0.08 0.67 5/30/2023 5.000 248,000.00 248,000.00 248,843.20 5/29/2026 90 917.26 0.08 0.67 9/6/2024 3.700 248,000.00 248,000.00 246,690.56 9/6/2029 1,286 553.07 0.08 0.67 11/28/2023 4.600 248,000.00 248,000.00 252,917.84 11/28/2028 1,004 0.00 0.08 0.67 5/17/2022 3.050 248,000.00 248,000.00 245,916.80 5/17/2027 443 227.96 0.08 0.66 4/14/2023 4.350 244,000.00 244,000.00 246,491.24 4/13/2028 775 3,983.88 75 Description Third Federal Savings & Loan 3.3 8/19/2027 Toyota Financial Savings Bank NV 0.9 4/22/2026 Asset % of Group Settlement YTM @ Face Maturity Days To Accrued CUSIP/Ticker Category Portfolio Percent Date Cost Amount/Shares Cost Value Market Value Date Maturity Interest 88413QDN5 Certificate of ° 0.08 0.66 8/19/2022 3.300 245,000.00 245,000.00 243,238.45 8/19/2027 537 199.36 /° Deposits 130 89235MKY6 Certificate of 0.08 0.66 4/22/2021 0.900 245,000.00 245,000.00 243,939.15 4/22/2026 53 779.30 Deposits 130 % True Sky FCU 1.6 89786MAF1 Certificate of ° 0.08 0.66 2/4/2022 1.600 245,000.00 245,000.00 240,156.35 2/4/2027 341 257.75 /o 2/4/2027 Deposits 130 Truliant FCU NC 4.7 89789AAG2 Certificate of ° 0.08 0.67 3/10/2023 4.700 248,000.00 248,000.00 251,365.36 9/10/2027 559 574.82 /° 9/10/2027 Deposits 130 Tuscon FCU AZ 5 898812AC6 Certificate of ° 0.08 0.67 9/8/2023 5.000 248,000.00 248,000.00 254,983.68 9/8/2028 923 679.45 /o 9/8/2028 Deposits 130 Certificate of 90355GHG4 0.08 0.67 10/25/2023 4.900 248,000.00 248,000.00 254,713.36 10/25/2028 970 99.88 Deposits 130 % 909557MF4 Certificate of ° 0.08 0.67 2/20/2026 3.600 248,000.00 248,000.00 245,324.08 2/20/2030 1,453 195.68 /° Deposits 130 United Fidelity Bank, 910286GN7 Certificate of ° 0.08 0.67 6/29/2023 4.500 248,000.00 248,000.00 255,045.68 6/29/2028 852 0.00 /o fsb IN 4.5 6/29/2028 Deposits 130 91139LAB2 Certificate of 0.08 0.67 3/11/2022 1.900 248,000.00 248,000.00 243,374.80 3/11/2027 376 219.46 Deposits 130 % UBS Bank USA UT 4.9 10/25/2028 United Bankers' Bank MN 3.6 2/20/2030 United Roosevelt Savings Bank NJ 1.9 3/11/2027 United Teletech FCU NJ 5.1 11/8/2027 University Bank MI 4.2 11/30/2027 Univest Bank & Trust Co. PA 4.35 5/12/2028 USAlliance Financial FCU NY 4.55 5/26/2028 Utah First FCU 5 7/21/2028 Valley National Bank NJ 4.95 5/29/2026 Valleystar Credit Union VA 5.2 11/8/2028 Vibrant Credit Union IL 0.8 6/30/2026 VisionBank MN 4.05 5/12/2028 VyStar Credit Union FL 4.55 3/10/2028 Washington Financial Bank PA4.5 5/31/2029 Workers FCU MA 5.2 10/30/2028 913065AD0 Certificate of Deposits 130 % 0.08 0.67 11/8/2023 5.100 248,000.00 248,000.00 253,265.04 11/8/2027 618 693.04 914098DJ4 Certificate of ° 0.08 0.67 11/30/2022 4.200 249,000.00 249,000.00 250,606.05 11/30/2027 640 0.00 /° Deposits 130 91527PBY2 Certificate of ° 0.08 0.67 5/12/2023 4.350 248,000.00 248,000.00 250,695.76 5/12/2028 804 472.90 /o Deposits 130 90352RDB8 Certificate of ° 0.08 0.67 5/26/2023 4.550 248,000.00 248,000.00 251,811.76 5/26/2028 818 61.83 /° Deposits 130 91739JAB1 Certificate of ° 0.08 0.66 7/21/2023 5.000 245,000.00 245,000.00 251,548.85 7/21/2028 874 234.93 /o Deposits 130 Certificate of 919853LV1 0.08 0.66 5/29/2024 4.950 244,000.00 244,000.00 244,663.68 5/29/2026 90 3,011.23 Deposits 130 % 92023CAJ2 Certificate of ° 0.08 0.67 11/8/2023 5.200 247,000.00 247,000.00 255,674.64 11/8/2028 984 703.78 /° Deposits 130 92559TAJ7 Certificate of ° 0.08 0.67 7/2/2021 0.851 249,000.00 248,377.50 246,529.92 6/30/2026 122 147.35 /o Deposits 130 92834ABT2 Certificate of ° 0.08 0.67 5/12/2023 4.050 248,000.00 248,000.00 249,123.44 5/12/2028 804 440.28 /° Deposits 130 92891 CCZ3 Certificate of ° 0.08 0.67 3/10/2023 4.550 248,000.00 248,000.00 251,459.60 3/10/2028 741 834.71 /° Deposits 130 93883MBA5 Certificate of ° 0.08 0.66 5/31/2024 4.500 244,000.00 244,000.00 248,811.68 5/31/2029 1,188 2,707.40 /o Deposits 130 98138MCA6 Certificate of ° 0.08 0.67 10/30/2023 5.200 248,000.00 248,000.00 256,662.64 10/30/2028 975 0.00 /° Deposits 130 Sub Total / Average Negotiable Certificate Of Deposit Treasury Note 11.97 100.00 3.874 37,095,000.00 37,094,377.50 37,308,948.19 722 105,322.16 76 Asset % of Group Settlement YTM @ Face Maturity Days To Accrued Description CUSIP/Ticker Category Portfolio Percent Date Cost Amount/Shares Cost Value Market Value Date Maturity Interest T-Note 0.625 7/31/2026 91282CCP4 US Treasury 1 0.32 1.33 9/29/2021 0.970 1,000,000.00 983,750.00 987,640.00 7/31/2026 153 483.43 100 % T-Note 0.75 3/31/2026 91282CBT7 US Treasury 1 0.16 0.66 5/28/2021 0.770 500,000.00 499,525.00 498,820.00 3/31/2026 31 1,555.63 100 % T-Note 0.75 3/31/2026 91282CBT7 US Treasury 0.16 0.66 6/17/2021 0.816 500,000.00 498,450.00 498,820.00 3/31/2026 31 1,555.63 100 % T-Note 0.75 5/31/2026 91282CCF6 US Treasury 1 0.32 1.33 6/1/2021 0.810 1,000,000.00 997,060.00 992,720.00 5/31/2026 92 1,854.40 100 % T-Note 0.75 5/31/2026 91282CCF6 US Treasury 1 0.16 0.66 6/17/2021 0.870 500,000.00 497,095.00 496,360.00 5/31/2026 92 927.20 100 % T-Note 0.75 8/31/2026 91282CCW9 US Treasury 1 0.32 1.33 9/29/2021 0.990 1,000,000.00 988,500.00 985,840.00 8/31/2026 184 0.00 100 % T-Note 0.75 8/31/2026 91282CCW9 US Treasury 1 0.16 0.66 3/22/2022 2.350 500,000.00 466,454.17 492,920.00 8/31/2026 184 0.00 100 % T-Note 1.125 91282CDG3 USTreasury 1 0.16 0.66 3/22/2022 2.350 500,000.00 473,396.82 491,765.00 10/31/2026 245 1,864.64 10/31/2026 100 /o T-Note 1.5 1/31/2027 912828Z78 USTreasury 0.32 1.33 2/10/2022 1.781 1,000,000.00 986,700.00 981,660.00 1/31/2027 337 1,160.22 100 % T-Note 1.875 7/31/2026 912828Y95 US Treasury 0.32 1.33 8/29/2024 3.876 1,000,000.00 963,281.25 992,700.00 7/31/2026 153 1,450.28 100 % T-Note 2.25 8/15/2027 9128282R0 US Treasury 0.32 1.33 11/18/2022 3.950 1,000,000.00 927,110.00 983,090.00 8/15/2027 533 808.01 100 % T-Note 2.375 4/30/2026 9128286S4 US Treasury 1 0.32 1.33 3/23/2022 2.400 1,000,000.00 999,010.00 997,810.00 4/30/2026 61 7,872.93 100 % T-Note 2.375 5/15/2027 912828X88 US Treasury 1 0.32 1.33 6/7/2022 3.041 1,000,000.00 969,687.50 986,840.00 5/15/2027 441 6,888.81 100 % T-Note 2.5 3/31/2027 91282CEF4 US Treasury 0.32 1.33 5/3/2022 3.010 1,000,000.00 976,860.00 989,450.00 3/31/2027 396 10,370.88 100 % T-Note 2.625 2/15/2029 912828661 USTreasury 0.32 1.33 2/15/2024 4.286 1,000,000.00 925,976.56 978,440.00 2/15/2029 1,083 942.68 100 % T-Note 2.625 5/31/2027 91282CET4 US Treasury 1 0.16 0.66 6/8/2022 2.980 500,000.00 491,842.18 494,765.00 5/31/2027 457 3,245.19 100 % T-Note 2.625 5/31/2027 91282CET4 US Treasury 1 0.32 1.33 8/29/2024 3.720 1,000,000.00 971,555.99 989,530.00 5/31/2027 457 6,490.38 100 % T-Note 2.75 4/30/2027 91282CEN7 US Treasury 1 0.16 0.66 6/8/2022 2.971 500,000.00 495,000.00 495,780.00 4/30/2027 426 4,558.01 100 % T-Note 2.75 7/31/2027 91282CFB2 US Treasury 0.32 1.33 8/15/2022 2.980 1,000,000.00 989,460.00 990,390.00 7/31/2027 518 2,127.07 100 % T-Note 2.75 7/31/2027 91282CFB2 US Treasury 1 0.32 1.33 8/29/2022 3.200 1,000,000.00 979,645.67 990,390.00 7/31/2027 518 2,127.07 100 % T-Note 2.875 4/30/2029 91282CEM9 US Treasury 1 0.32 1.33 4/30/2024 4.658 1,000,000.00 921,300.00 984,140.00 4/30/2029 1,157 9,530.39 100 % T-Note 3.125 9128285M8 US Treasury 1 0.32 1.33 12/29/2023 3.880 1,000,000.00 966,718.75 993,240.00 11/15/2028 991 9,064.23 11/15/2028 100 % T-Note 3.125 8/31/2027 91282CFH9 US Treasury 1 0.16 0.66 1/24/2023 3.640 500,000.00 489,175.00 497,715.00 8/31/2027 549 0.00 100 % T-Note 3.25 6/30/2027 91282CEW7 US Treasury 1 0.32 1.33 2/15/2023 4.075 1,000,000.00 967,220.00 997,310.00 6/30/2027 487 5,296.96 100 % 77 Asset % of Group Settlement YTM @ Face Maturity Days To Accrued Description CUSIP/Ticker Category Portfolio Percent Date Cost Amount/Shares Cost Value Market Value Date Maturity Interest T-Note 3.5 1/31/2028 91282CGH8 US Treasury 1 0.32 1.33 2/2/2023 3.580 1,000,000.00 996,369.14 1,001,910.00 1/31/2028 702 2,707.18 100 % T-Note 3.5 1/31/2028 91282CGH8 USTreasury 1 0.32 1.33 8/29/2024 3.680 1,000,000.00 994,257.81 1,001,910.00 1/31/2028 702 2,707.18 100 % T-Note 3.5 1/31/2030 91282CGJ4 USTreasury 0.32 1.33 1/13/2025 4.531 1,000,000.00 953,900.00 1,001,480.00 1/31/2030 1,433 2,707.18 100 % T-Note 3.5 10/15/2028 91282CPC9 US Treasury 1 0.32 1.33 1/9/2026 3.520 1,000,000.00 999,439.61 1,002,730.00 10/15/2028 960 13,076.92 100 % T-Note 3.5 11/30/2030 91282CPN5 US Treasury 1 0.65 2.66 12/1/2025 3.570 2,000,000.00 1,993,640.00 1,998,900.00 11/30/2030 1,736 17,209.94 100 % T-Note 3.5 4/30/2028 91282CHA2 USTreasury1 0.32 1.33 5/31/2023 3.837 1,000,000.00 985,000.00 1,002,190.00 4/30/2028 792 11,602.21 100 % T-Note 3.5 4/30/2028 91282CHA2 USTreasury1 0.32 1.33 7/19/2024 4.145 1,000,000.00 977,600.00 1,002,190.00 4/30/2028 792 11,602.21 100 % T-Note 3.5 9/30/2029 91282CLN9 US Treasury 1 0.32 1.33 9/30/2024 3.510 1,000,000.00 999,530.00 1,002,150.00 9/30/2029 1,310 14,519.23 100 % T-Note 3.625 91282CPD7 US Treasury 1 0.65 2.66 10/31/2025 3.616 2,000,000.00 2,000,781.25 2,009,840.00 10/31/2030 1,706 24,033.15 10/31/2030 100 % T-Note 3.625 91282CPR6 US Treasury 1 0.32 1.33 12/31/2025 3.691 1,000,000.00 997,000.00 1,004,610.00 12/31/2030 1,767 5,908.15 12/31/2030 100 /o T-Note 3.625 3/31/2028 91282CGT2 US Treasury 0.32 1.33 5/31/2023 3.853 1,000,000.00 990,000.00 1,004,650.00 3/31/2028 762 15,037.77 100 % T-Note 3.625 3/31/2028 91282CGT2 US Treasury 1 0.32 1.33 6/15/2023 3.980 1,000,000.00 984,600.00 1,004,650.00 3/31/2028 762 15,037.77 100 % T-Note 3.625 3/31/2028 91282CGT2 US Treasury 1 0.32 1.33 10/19/2023 4.910 1,000,000.00 949,180.00 1,004,650.00 3/31/2028 762 15,037.77 100 % T-Note 3.625 5/31/2028 91282CHE4 US Treasury 0.32 1.33 3/19/2025 4.013 1,000,000.00 988,400.00 1,005,040.00 5/31/2028 823 8,962.91 100 % T-Note 3.625 8/31/2029 91282CLK5 US Treasury 1 0.65 2.66 9/3/2024 3.627 2,000,000.00 1,999,843.75 2,012,500.00 8/31/2029 1,280 0.00 100 % T-Note 3.625 8/31/2030 91282CNX5 US Treasury 1 0.65 2.66 9/10/2025 3.584 2,000,000.00 2,003,687.70 2,010,400.00 8/31/2030 1,645 0.00 100 % T-Note 3.625 9/30/2030 91282CPA3 US Treasury 1 0.65 2.66 9/30/2025 3.695 2,000,000.00 1,993,671.85 2,010,240.00 9/30/2030 1,675 30,075.55 100 % T-Note 3.75 1/31/2031 91282CPW5 US Treasury 1 0.65 2.66 2/2/2026 3.811 2,000,000.00 1,994,531.25 2,020,320.00 1/31/2031 1,798 5,446.93 100 % T-Note 3.75 12/31/2028 91282CJR3 US Treasury 0.32 1.33 1/2/2024 3.815 1,000,000.00 997,067.49 1,009,650.00 12/31/2028 1,037 6,111.88 100 % T-Note 3.75 12/31/2028 91282CJR3 US Treasury 1 0.32 1.33 6/12/2024 4.480 1,000,000.00 970,230.00 1,009,650.00 12/31/2028 1,037 6,111.88 100 % T-Note 3.75 12/31/2030 91282CJQ5 US Treasury 1 0.32 1.33 12/10/2025 3.770 1,000,000.00 999,062.50 1,009,920.00 12/31/2030 1,767 6,111.88 100 % T-Note 3.75 4/15/2028 91282CMW8 USTreasury 1 0.32 1.33 4/15/2025 3.760 1,000,000.00 999,726.56 1,007,270.00 4/15/2028 777 14,010.99 100 % T-Note 3.75 5/31/2030 91282CHF1 US Treasury 1 0.32 1.33 5/15/2025 4.150 1,000,000.00 981,940.00 1,010,430.00 5/31/2030 1,553 9,271.98 100 % T-Note 3.75 6/30/2030 91282CHJ3 US Treasury 1 0.32 1.33 6/17/2025 4.040 1,000,000.00 986,890.00 1,010,430.00 6/30/2030 1,583 6,111.88 100 % 78 Asset % of Group Settlement YTM @ Face Maturity Days To Accrued Description CUSIP/Ticker Category Portfolio Percent Date Cost Amount/Shares Cost Value Market Value Date Maturity Interest T-Note 3.875 91282CFY2 US Treasury 1 0.32 1.33 11/21/2024 4.271 1,000,000.00 982,265.63 1,014,770.00 11/30/2029 1,371 9,581.04 11/30/2029 100 /o T-Note 3.875 4/30/2030 91282CMZ1 USTreasury1 0.32 1.33 5/5/2025 3.900 1,000,000.00 998,867.19 1,015,310.00 4/30/2030 1,522 12,845.30 100 % T-Note 3.875 7/15/2028 91282CNM9 US Treasury 1 0.32 1.33 7/31/2025 3.835 1,000,000.00 1,001,090.00 1,010,980.00 7/15/2028 868 4,709.94 100 % T-Note 3.875 7/31/2030 91282CNN7 US Treasury 1 0.32 1.33 7/31/2025 3.960 1,000,000.00 996,170.01 1,015,700.00 7/31/2030 1,614 2,997.24 100 % T-Note 3.875 9/30/2029 91282CFL0 US Treasury 1 0.32 1.33 10/8/2024 3.875 1,000,000.00 1,000,000.00 1,014,450.00 9/30/2029 1,310 16,074.86 100 % T-Note 4 1/15/2027 91282CJT9 US Treasury 0.32 1.33 1/31/2024 4.115 1,000,000.00 996,813.45 1,003,870.00 1/15/2027 321 4,861.88 100 % T-Note 4 10/31/2029 91282CFT3 US Treasury l 0.32 1.33 10/31/2024 4.110 1,000,000.00 995,070.00 1,018,980.00 10/31/2029 1,341 13,259.67 100 % T-Note 4 2/28/2030 91282CGQ8 US Treasury 1 0.65 2.66 2/26/2025 4.140 2,000,000.00 1,987,440.00 2,039,540.00 2/28/2030 1,461 0.00 100 % T-Note 4 3/31/2030 91282CMU2 US Treasury I 0.32 1.33 4/1/2025 3.950 1,000,000.00 1,002,265.63 1,020,000.00 3/31/2030 1,492 16,593.41 100 % T-Note 4 5/31/2030 91282CNG2 US Treasury 1 0.32 1.33 6/2/2025 4.060 1,000,000.00 997,304.69 1,020,390.00 5/31/2030 1,553 9,890.11 100 % T-Note 4 7/31/2029 91282CLC3 US Treasury 1 0.32 1.33 7/31/2024 4.134 1,000,000.00 994,000.00 1,018,520.00 7/31/2029 1,249 3,093.92 100 % T-Note 4 7/31/2030 91282CHR5 US Treasury 1 0.32 1.33 7/8/2025 3.965 1,000,000.00 1,001,560.00 1,020,630.00 7/31/2030 1,614 3,093.92 100 % T-Note 4.125 US Treasury I0.24 1.00 11/6/2023 4.524 750,000.00 739,200.00 758,407.50 10/31/2027 610 10,255.52 10/31/2027 91282CFU0 100 % T-Note4.125 91282CFU0 USTreasuryl 0.32 1.33 5/31/2024 4.675 1,000,000.00 982,790.00 1,011,210.00 10/31/2027 610 13,674.03 10/31/2027 100 % T-Note 4.125 91282CMA6 US Treasury l 0.32 1.33 12/2/2024 4.180 1,000,000.00 997,539.06 1,023,560.00 11/30/2029 1,371 10,199.18 11/30/2029 100 /o T-Note 4.125 3/31/2029 91282CKG5 US Treasury l 0.32 1.33 4/1/2024 4.210 1,000,000.00 996,200.00 1,021,020.00 3/31/2029 1,127 17,111.95 100 % T-Note 4.125 6/15/2026 91282CHH7 US Treasury 1 0.32 1.33 2/26/2025 4.091 1,000,000.00 1,000,380.00 1,001,330.00 6/15/2026 107 8,499.31 100 % T-Note 4.125 9/30/2027 91282CFM8 US Treasury 1 0.32 1.33 7/30/2024 4.150 1,000,000.00 999,210.00 1,010,630.00 9/30/2027 579 17,111.95 100 % T-Note 4.25 1/31/2030 91282CMG3 US Treasury 1 0.32 1.33 1/31/2025 4.330 1,000,000.00 996,437.79 1,028,750.00 1/31/2030 1,433 3,287.29 100 % T-Note 4.25 6/30/2029 91282CKX8 USTreasury1 0.65 2.66 7/1/2024 4.290 2,000,000.00 1,996,433.38 2,051,960.00 6/30/2029 1,218 13,853.59 100 % T-Note 4.375 US Treasury I0.48 1.99 12/31/2024 4.425 1,500,000.00 1,496,700.00 1,549,155.00 12/31/2029 1,402 10,695.79 12/31/2029 91282CMD0 100 % T-Note 4.5 5/31/2029 91282CKT7 US Treasury 0.65 2.66 5/31/2024 4.540 2,000,000.00 1,996,484.38 2,066,260.00 5/31/2029 1,188 22,252.75 100 % Sub Total /Average 24.28 100.00 3.679 75,250,000.00 74,315,344.01 75,681,267.50 1,028 547,519.23 Treasury Note Total / Average 100 3.683 309,916,550.06 308,799,611.62 310,872,881.32 559 2,059,729.45 79 l:A1.1Fo)RNlA City of La Quinta Investment Portfolio Quarterly Investment Report March 31, 2026 COMPLIANCE I I certify that this report accurately reflects all pooled investments and is in compliance with the California Government Code and the City Investment Policy. As Treasurer of the City of La Quinta, I hereby certify that sufficient investment liquidity and anticipated revenues are available to meet the City's expenditure requirements for the next six months. The City of La Quinta used the monthly account statements issued by our financial institutions to determine the fair market value of investments at month end. Portfolio Name Face Amount/Shares Market Value Book Value % of Portfolio YTM @ Cost Days To Maturity CAMP CERBT OPEB Trust Fiscal Agent - Debt Service Fixed Income Investments Housing Authority - LQPR Housing Authority - DPME Housing Authority - LAIF LAIF Money Market at Custodian Operating Funds PARS Pension Trust 56,638,622.81 2,367,190.06 5,864.92 180,552,000.00 254,955.13 1,521,724.44 2,300,308.62 40,656,080.75 1,101,108.44 9,008,720.14 6,435,636.70 56,638,622.81 2,367,190.06 5,864.92 180,139, 028.42 254,955.13 1,521,724.44 2,300,264.53 40,655,301.41 1,101,108.44 9,008,720.14 6,435,636.70 56,638,622.81 2,367,190.06 5,864.92 180,114,453.26 254, 955.13 1,521,724.44 2,300,308.62 40,656,080.75 1,101,108.44 9,008,720.14 6,435,636.70 18.85 0.79 0.00 59.96 0.08 0.51 0.77 13.53 0.37 3.00 2.14 3.94 -4.34 3.13 3.72 0.00 0.00 3.83 3.83 3.55 3.52 -3.03 46 1 1 966 1 1 1 1 1 1 1 Total / Average 300,842,212.01 300,428,417.00 300,404,665.27 100.00 3.54 588 Claudia Martinez, Finance Director/City Treasurer 5/7/2026 Date 80 City of La Quinta I CA Portfolio Holdings Compliance Report I Investment Policy - by Issuer Report Format: By Transaction Group By: Security Type Average By: Face Amount / Shares Portfolio / Report Group: All Portfolios As of 3/31/2026 Description Asset % of Group Settlement YTM @ Face Maturity Days To Accrued CUSIP/Ticker Category Portfolio Percent Date Cost Amount/Shares Cost Value Market Value Date Maturity Interest Cash BMO Bank I LQ Palms LQPR1935 Realty Cash BMO Suntrust I Dune DPME4741-3599 Palms Cash City of La Quinta Cash PETTYCASH Checking Savings Sweep Accounts Checking Savings Sweep Accounts Checking Savings Sweep Accounts Sub Total / Average Cash Corporate Bond Alphabet, Inc 4.1 11 /15/2030 Blackrock Funding Inc 4.7 3/14/2029-29 Guardian Life 4.4 12/11/2030 Walmart Inc 3.7 6/26/2028-28 02079KAW7 09290DAA9 40139LBP7 931142EE9 Corporate Notes 130 % Corporate Notes 130 % Corporate Notes 130 % Corporate Notes 130 0.08 14.32 3/31/2024 0.000 254,955.13 254,955.13 254,955.13 N/A 1 0.51 85.49 3/31/2024 0.000 1,521,724.44 1,521,724.44 1,521,724.44 N/A 1 0.00 0.19 3/31/2024 0.000 3,300.00 3,300.00 3,300.00 N/A 1 0.59 100.00 0.000 1,779,979.57 1,779,979.57 1,779,979.57 1 0.00 0.33 25.00 11/26/2025 3.844 1,000,000.00 1,011,470.00 993,180.00 11/15/2030 1,690 16,513.89 0.33 25.00 3/28/2024 4.623 1,000,000.00 1,003,380.00 1,015,540.00 3/14/2029 1,079 2,219.44 0.33 25.00 12/26/2025 4.248 1,000,000.00 1,006,710.00 992,190.00 12/11/2030 1,716 13,444.44 0.33 25.00 6/26/2023 4.303 1,000,000.00 973,110.00 994,770.00 6/26/2028 818 9,763.89 Sub Total / Average Corporate Bond FFCB Bond FFCB 0.71 8/10/2026- 3133EM2C5 23 FFCB 0.8 9/10/2026 3133EM4X7 FFCB 1.27 11/2/2026 3133ENCQ1 FFCB 3.375 9/15/2027 3133ENL99 FFCB 3.5 9/10/2029 3133ERSP7 US Agency 100 % US Agency 100 % US Agency 100 % US Agency 100 % US Agency 100 % 1.33 100.00 4.254 4,000,000.00 3,994,670.00 3,995,680.00 1,326 41,941.66 0.17 1.89 8/10/2021 0.792 500,000.00 498,000.00 494,465.00 8/10/2026 132 502.92 0.33 3.77 9/28/2021 0.985 1,000,000.00 991,080.00 986,880.00 9/10/2026 163 466.67 0.33 3.77 11/2/2021 1.270 1,000,000.00 1,000,000.00 985,420.00 11/2/2026 216 5,256.39 0.33 3.77 9/15/2022 3.430 1,000,000.00 997,492.55 994,390.00 9/15/2027 533 1,500.00 0.33 3.77 9/18/2024 3.470 1,000,000.00 1,001,350.00 987,260.00 9/10/2029 1,259 2,041.67 81 Asset % of Group Settlement YTM @ Face Maturity Days To Accrued Description CUSIP/Ticker Category Portfolio Percent Date Cost Amount/Shares Cost Value Market Value Date Maturity Interest FFCB 3.75 12/7/2027 3133EN3S7 USAgency 1 0.33 3.77 12/7/2022 3.794 1,000,000.00 998,000.00 999,840.00 12/7/2027 616 11,875.00 100 % FFCB 3.75 8/14/2028 3133ETTJ6 USAgency 1 0.33 3.77 8/14/2025 3.721 1,000,000.00 1,000,810.00 998,510.00 8/14/2028 867 4,895.83 100 % FFCB 3.75 8/15/2029 3133ERPS4 US Agency 1 0.33 3.77 8/15/2024 3.800 1,000,000.00 997,742.00 995,390.00 8/15/2029 1,233 4,791.67 100 % FFCB 3.875 1/18/2029 3133EPW84 US Agency 1 0.33 3.77 1/18/2024 4.051 1,000,000.00 992,100.00 1,000,620.00 1/18/2029 1,024 7,857.64 100 % FFCB 3.875 1/18/2029 3133EPW84 USAgency 0.33 3.77 1/30/2024 4.000 1,000,000.00 994,400.00 1,000,620.00 1/18/2029 1,024 7,857.64 100 % FFCB 3.875 10/15/2027 3133ERXJ5 USAgency 0.33 3.77 10/15/2024 3.875 1,000,000.00 1,000,000.00 1,000,760.00 10/15/2027 563 17,868.06 100 % FFCB 3.875 12/10/2027 3133ER6Q9 USAgency 1 0.33 3.77 3/19/2025 4.020 1,000,000.00 996,331.25 999,030.00 12/10/2027 619 11,947.92 100 % FFCB 3.875 2/14/2028 3133EPAV7 US Agency 0.33 3.77 2/15/2023 3.977 1,000,000.00 995,400.00 998,580.00 2/14/2028 685 5,059.03 100 % FFCB 3.875 6/8/2028 3133EPME2 US Agency 1 0.33 3.77 6/8/2023 3.915 1,000,000.00 998,190.00 1,001,540.00 6/8/2028 800 12,163.19 100 % FFCB 4 11/29/2027 3133EN3H1 USAgency 1 0.33 3.77 11/29/2022 4.030 1,000,000.00 998,650.00 1,003,030.00 11/29/2027 608 13,555.56 100 % FFCB 4 3/18/2030 3133ER7L9 USAgency 1 0.33 3.77 3/19/2025 4.080 1,000,000.00 996,415.16 999,610.00 3/18/2030 1,448 1,444.44 100 % FFCB 4 4/1/2030 3133ETBF3 USAgency 1 0.33 3.77 4/9/2025 3.900 1,000,000.00 1,004,470.00 1,006,160.00 4/1/2030 1,462 20,000.00 100 % FFCB 4 5/1/2030 3133ETFAO USAgency 0.33 3.77 5/1/2025 4.000 1,000,000.00 1,000,000.00 999,130.00 5/1/2030 1,492 16,666.67 100 % FFCB 4 6/17/2030 3133ETLM7 USAgency 1 0.33 3.77 6/17/2025 4.045 1,000,000.00 997,981.30 1,002,010.00 6/17/2030 1,539 11,555.56 100 % FFCB 4 9/29/2027 3133ENQ29 US Agency 1 0.33 3.77 9/30/2022 4.080 1,000,000.00 996,400.00 1,002,860.00 9/29/2027 547 222.22 100 % FFCB 4.12512/17/2029 3133ERL41 USAgency 0.33 3.77 12/17/2024 4.140 1,000,000.00 999,320.00 1,004,530.00 12/17/2029 1,357 11,916.67 100 % FFCB 4.125 2/13/2029 3133EP3B9 US Agency 1 0.33 3.77 2/14/2024 4.318 1,000,000.00 991,400.00 1,007,490.00 2/13/2029 1,050 5,500.00 100 % FFCB 4.25 7/17/2028 3133EPQD0 US Agency 1 0.33 3.77 7/31/2023 4.280 1,000,000.00 998,655.69 1,009,490.00 7/17/2028 839 8,736.11 100 % FFCB 4.25 8/7/2028 3133EPSK2 US Agency 1 0.33 3.77 8/18/2023 4.467 1,000,000.00 990,400.00 1,009,160.00 8/7/2028 860 6,375.00 100 % FFCB 4.33 3/18/2030- 3133ER7E5 US Agency 1 0.33 3.77 4/23/2025 4.330 1,000,000.00 1,000,000.00 993,260.00 3/18/2030 1,448 1,563.61 27 100/0 FFCB 4.375 4/10/2029 3133ERAK7 USAgency 0.33 3.77 4/23/2024 4.701 1,000,000.00 985,690.00 1,015,010.00 4/10/2029 1,106 20,781.25 100 % FFCB 4.62511/13/2028 3133EPC45 USAgency 1 0.33 3.77 11/13/2023 4.630 1,000,000.00 999,770.00 1,017,320.00 11/13/2028 958 17,729.17 100 % Sub Total /Average 8.81 100.00 3.763 26,500,000.00 26,420,047.95 26,512,365.00 920 230,129.89 FFCB Bond FHLB Bond 82 Asset % of Group Settlement YTM @ Face Maturity Days To Accrued Description CUSIP/Ticker Category Portfolio Percent Date Cost Amount/Shares Cost Value Market Value Date Maturity Interest FHLB 0.75 6/12/2026 3130AMFS6 US Agency 1 0.33 3.75 6/17/2021 0.885 1,000,000.00 993,420.00 994,060.00 6/12/2026 73 2,270.83 100 % FHLB 0.95 10/13/2026- 3130APB46 US Agency 1 0.33 3.75 10/13/2021 0.986 1,000,000.00 998,250.00 984,890.00 10/13/2026 196 4,433.33 23 100/0 FHLB 1 9/30/2026-22 3130APBM6 USAgency 1 0.33 3.75 9/30/2021 1.021 1,000,000.00 999,000.00 986,290.00 9/30/2026 183 0.00 100 % FHLB 1.25 12/21/2026 3130AQF65 USAgency 1 0.33 3.75 12/22/2021 1.255 1,000,000.00 999,750.00 982,250.00 12/21/2026 265 3,472.22 100 % FHLB 1.5 1/27/2027-23 3130AQJR5 USAgency 1 0.33 3.75 1/27/2022 1.500 1,000,000.00 1,000,000.00 981,540.00 1/27/2027 302 2,666.67 100 % 23 LB 1.83 2/10/2027- 3130AQSA2 1 oAgency 1 0.33 3.75 2/10/2022 1.830 1,000,000.00 1,000,000.00 983,480.00 2/10/2027 316 2,592.50 FHLB 2.7 4/19/2027-24 3130ARGY1 US Agency 0.33 3.75 4/19/2022 2.700 1,000,000.00 1,000,000.00 988,960.00 4/19/2027 384 12,150.00 100 % FHLB 3.3 6/28/2027-24 3130ASDV8 US Agency 1 0.10 1.12 6/28/2022 3.300 300,000.00 300,000.00 298,239.00 6/28/2027 454 2,557.50 100 % FHLB 3.5 9/13/2030 3130AF2S5 US Agency 1 0.33 3.75 9/15/2025 3.580 1,000,000.00 996,370.00 982,930.00 9/13/2030 1,627 1,750.00 100 % FHLB 3.6510/21/2030- 3130B8CC4 USAgency 1 0.33 3.75 10/24/2025 3.650 1,000,000.00 1,000,000.00 983,670.00 10/21/2030 1,665 16,019.44 28 100/0 FHLB 3.78 1/9/2031-29 3130B93L2 USAgency 1 0.33 3.75 1/9/2026 3.780 1,000,000.00 1,000,000.00 989,120.00 1/9/2031 1,745 8,610.00 100 % FHLB 3.875 3/9/2029 3130AUW75 US Agency 1 0.33 3.75 3/5/2026 3.545 1,000,000.00 1,009,340.00 1,000,790.00 3/9/2029 1,074 2,368.06 100 % FHLB 4 10/5/2029-27 3130B35F6 USAgency 0.33 3.75 10/8/2024 4.000 1,000,000.00 1,000,000.00 993,180.00 10/5/2029 1,284 19,555.56 100 % FHLB 4 10/9/2026 3130B3A29 USAgency 1 0.33 3.75 3/19/2025 4.020 1,000,000.00 999,682.10 1,001,250.00 10/9/2026 192 19,111.11 100 % FHLB 4 7/30/2029-27 3130B7BU7 US Agency 0.33 3.75 7/31/2025 4.000 1,000,000.00 1,000,000.00 998,810.00 7/30/2029 1,217 6,666.67 100 % FHLB 4.125 3/14/2031 3130AVJY9 USAgency 0.33 3.75 3/20/2026 3.910 1,000,000.00 1,009,640.00 1,007,620.00 3/14/2031 1,809 1,947.92 100 % 27 LB 4.125 4/4/2030- 3130B5SX7 1 oAgency 1 0.33 3.75 4/4/2025 4.125 1,000,000.00 1,000,000.00 994,250.00 4/4/2030 1,465 20,281.25 FHLB 4.125 9/14/2029 3130ATHX8 USAgency 1 0.33 3.75 10/31/2024 4.125 1,000,000.00 1,000,000.00 1,007,680.00 9/14/2029 1,263 1,947.92 100 % FHLB 4.23/27/2030-28 3130B5K80 us Agency 1 0.33 3.75 3/27/2025 4.200 1,000,000.00 1,000,000.00 997,230.00 3/27/2030 1,457 466.67 100 % FHLB 4.3 10/23/2029- 3130B3ES8 US Agency 1 0.33 3.75 10/30/2024 4.351 1,000,000.00 997,750.00 999,440.00 10/23/2029 1,302 18,872.22 26 100/0 FHLB 4.3 6/17/2030-27 3130B6PN0 US Agency 0.33 3.75 6/17/2025 4.300 1,000,000.00 1,000,000.00 997,410.00 6/17/2030 1,539 12,422.22 100 % 27 LB 4.45 2/12/2029-3130AYXU5 1 oAgency 1 0.66 7.49 2/15/2024 4.450 2,000,000.00 2,000,000.00 2,002,060.00 2/12/2029 1,049 12,113.89 FHLB 4.5 12/10/2029- 3130646Y2 USAgency) 0.33 3.75 12/31/2024 4.500 1,000,000.00 1,000,000.00 1,000,590.00 12/10/2029 1,350 13,875.00 26 100/0 28 LB 4.65 1/14/2030- 3130B4LS8 US Agency 1 0.33 3.75 1/14/2025 4.650 1,000,000.00 1,000,000.00 1,002,470.00 1/14/2030 1,385 9,945.83 83 26 Asset % of Group Settlement YTM @ Face Maturity Days To Accrued Description CUSIP/Ticker Category Portfolio Percent Date Cost Amount/Shares Cost Value Market Value Date Maturity Interest FHLB 4.75 9/8/2028 3130AXEL8 US Agency 1 0.33 3.75 10/3/2023 4.762 1,000,000.00 999,500.00 1,020,540.00 9/8/2028 892 3,034.72 100 % FHLB 5.04 4/23/2029- 3130614L8 US Agency 1 0.30 3.37 4/25/2024 5.040 900,000.00 900,000.00 903,897.00 4/23/2029 1,119 19,908.00 27 100/0 22 LB Step 11/24/2026- 3130APTV7 1 SOAgency 1 0.17 1.87 11/24/2021 1.489 500,000.00 499,500.00 494,210.00 11/24/2026 238 3,527.78 Sub Total /Average 8.88 100.00 3.402 26,700,000.00 26,702,202.10 26,576,856.00 987 222,567.31 FHLB Bond FHLMC Bond FHLMC 0.7 12/30/2026-21 FHLMC 0.8 10/28/2026-21 3134GWUQ7 3134GW6C5 US Agency 100 % US Agency 100 % 0.33 66.67 2/10/2022 1.870 1,000,000.00 945,570.00 977,800.00 12/30/2026 274 0.00 0.17 33.33 1/5/2022 1.404 500,000.00 486,000.00 491,625.00 10/28/2026 211 1,700.00 Sub Total / Average FHLMC Bond FNMA Bond FNMA 3.75 12/3/2030- 3136GC6X8 27 FNMA 4 5/6/2030-27 3136GAGH6 FNMA 4.125 7/16/2030- 3136GAKH1 27 FNMA 4.15 7/28/2028- 3136GAKZ1 FNMA 4.25 4/8/2030-27 3136GAF20 FNMA4.5 5/20/2030-26 3136GAHF9 US Agency 100 % US Agency 100 % US Agency 100 % US Agency 100 % US Agency 100 % US Agency 100 % 0.50 100.00 1.715 1,500,000.00 1,431,570.00 1,469,425.00 253 1,700.00 0.33 16.67 2/11/2026 3.750 1,000,000.00 1,000,000.00 987,700.00 12/3/2030 1,708 12,291.67 0.33 16.67 5/6/2025 4.000 1,000,000.00 1,000,000.00 995,460.00 5/6/2030 1,497 16,111.11 0.33 16.67 7/25/2025 4.126 1,000,000.00 999,950.00 997,730.00 7/16/2030 1,568 8,593.75 0.33 16.67 7/31/2025 4.150 1,000,000.00 1,000,000.00 998,350.00 7/28/2028 850 7,262.50 0.33 16.67 4/9/2025 4.250 1,000,000.00 1,000,000.00 998,040.00 4/8/2030 1,469 20,423.61 0.33 16.67 5/28/2025 4.500 1,000,000.00 1,000,000.00 999,640.00 5/20/2030 1,511 16,375.00 Sub Total / Average FNMA Bond Guaranteed Investment Contract CAMP TERM 4.07 CAMPTERM62526 Investment 6/25/2026 Pools 1.99 100.00 4.129 6,000,000.00 5,999,950.00 5,976,920.00 1,434 81,057.64 9.97 100.00 7/3/2025 4.070 30,000,000.00 30,000,000.00 30,000,000.00 6/25/2026 86 906,550.69 Sub Total / Average Guaranteed Investment Contract Local Government Investment Pool CAMP LGIP CAMP7001 LAIF 1 City LGIP CITYLAIF3434 LAIF 1 Housing LGIP HOUSINGLAIF3005 Investment Pools Investment Pools Investment Pools Sub Total / Average Local Government 9.97 100.00 4.070 30,000,000.00 30,000,000.00 30,000,000.00 86 906,550.69 8.85 38.28 3/31/2024 3.800 26,638,622.81 26,638,622.81 26,638,622.81 N/A 1 13.51 58.42 2/28/2024 3.826 40,656,080.75 40,656,080.75 40,655,301.41 N/A 1 0.76 3.31 2/28/2024 3.826 2,300,308.62 2,300,308.62 2,300,264.53 N/A 1 23.13 100.00 3.816 69,595,012.18 69,595,012.18 69,594,188.75 1 0.00 84 Description Asset % of Group Settlement YTM @ Face Maturity Days To Accrued CUSIP/Ticker Category Portfolio Percent Date Cost Amount/Shares Cost Value Market Value Date Maturity Interest Investment Pool Money Market BMO Bank I Operating BMO1851OP- Money Market MM TYCXX Mutual Funds 1 20/0 Trusts Not OPEB Trust MM OPEBTRUST Subject to Policy PARS Pension Trust Trusts Not MM PARSTRUST Subject to Policy US Bank I Custodian Money Market USB3000-FUZXX Mutual Funds MM 20 % US Bank I Fiscal Agent Money Market USB4000-6000 Mutual Funds MM 20% 2.99 47.61 3/31/2024 3.520 9,005,420.14 9,005,420.14 9,005,420.14 N/A 1 0.79 12.51 3/31/2024 -4.340 2,367,190.06 2,367,190.06 2,367,190.06 N/A 1 2.14 34.02 3/31/2024 -3.030 6,435,636.70 6,435,636.70 6,435,636.70 N/A 1 0.37 5.82 3/31/2024 3.550 1,101,108.44 1,101,108.44 1,101,108.44 N/A 1 0.00 0.03 3/31/2024 3.130 5,864.92 5,864.92 5,864.92 N/A 1 Sub Total / Average Money Market Negotiable Certificate Of Deposit Advantage Credit Union 00790UAE7 IA 4.45 7/31/2028 Affinity Bank, NA GA 4.9 3/17/2028 00833JAQ4 Alabama Credit Union 5 01025RAG4 6/22/2026 All In FCU AL 4.4 12/20/2027 Alliant Credit Union IL 5 12/30/2027 Altaone FCU CA 4.45 7/19/2029 Amer. Nat'l Bank of MN 3.65 12/23/2030 Amerant Bank, NA FL 1.6 2/16/2027 American Express Nat'I Bank 3.45 7/27/2027 Austin Telco FCU TX 3.8 9/21/2027 Balboa Thrift & Loan 4.4 7/19/2028 Ballston Spa Nat'I Bank NY 4.8 11/24/2026 Bank Five Nine WI 4.25 5/12/2028 Bank of the Sierra CA 4.6 3/15/2027 01664MAB2 01882MAC6 02157RAA5 02769QFW4 02357QAQ0 02589ADH2 052392BT3 05765LBU0 058723AQ0 062119BT8 064860MC0 Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % 6.29 100.00 0.309 18,915,220.26 18,915,220.26 18,915,220.26 1 0.00 0.08 0.68 7/31/2024 4.450 249,000.00 249,000.00 251,988.00 7/31/2028 853 0.00 0.08 0.68 3/17/2023 4.900 248,000.00 248,000.00 252,667.36 3/17/2028 717 466.10 0.08 0.68 6/20/2023 5.000 248,000.00 248,000.00 248,629.92 6/22/2026 83 373.70 0.08 0.68 12/20/2022 4.400 248,000.00 248,000.00 250,065.84 12/20/2027 629 328.85 0.08 0.67 12/30/2022 5.000 247,000.00 247,000.00 251,586.79 12/30/2027 639 33.84 0.08 0.68 7/19/2024 4.450 249,000.00 249,000.00 252,787.29 7/19/2029 1,206 910.73 0.08 0.68 12/23/2025 3.650 249,000.00 249,000.00 244,918.89 12/23/2030 1,728 199.20 0.08 0.67 2/14/2022 1.600 245,000.00 245,000.00 240,251.90 2/16/2027 322 483.29 0.08 0.67 8/29/2022 3.450 245,000.00 245,000.00 243,601.05 7/27/2027 483 1,458.92 0.08 0.68 9/21/2022 3.800 248,000.00 248,000.00 247,662.72 9/21/2027 539 774.58 0.08 0.68 7/19/2023 4.400 248,000.00 248,000.00 255,219.28 7/19/2028 841 358.75 0.08 0.68 5/24/2024 4.800 248,000.00 248,000.00 249,465.68 11/24/2026 238 228.30 0.08 0.68 5/12/2023 4.250 248,000.00 248,000.00 249,723.60 5/12/2028 773 548.66 0.08 0.67 3/15/2023 4.600 244,000.00 244,000.00 245,534.76 3/15/2027 349 492.01 85 Asset % of Group Settlement YTM @ Face Maturity Days To Accrued CUSIP/Ticker Category Portfolio Percent Date Cost Amount/Shares Cost Value Market Value Date Maturity Interest Bankers Bank WI 4.15 06610RCA5 Certificate of 0.08 0.68 5/24/2023 4.150 248,000.00 248,000.00 249,232.56 5/24/2028 785 197.38 5/24/2028 Deposits 130 % BankFirst Norfolk NE Certificate of 06644QAC5 0.08 0.68 6/21/2024 4.500 248,000.00 248,000.00 252,077.12 6/21/2029 1,178 305.75 4.5 6/21/2029 Deposits 130 % Baxter Credit Union IL 07181JBH6 Certificate of ° 0.08 0.68 8/22/2024 4.350 248,000.00 248,000.00 250,437.84 8/22/2028 875 266.01 /° 4.35 8/22/2028 Deposits 130 Beal Bank TX 1.9 07371AYE7 Certificate of ° 0.08 0.67 2/23/2022 1.900 245,000.00 245,000.00 240,874.20 2/17/2027 323 459.12 /o 2/17/2027 Deposits 130 Beal Bank USA NV 1.9 Certificate of 07371 CE88 0.08 0.67 2/23/2022 1.900 245,000.00 245,000.00 240,874.20 2/17/2027 323 459.12 2/17/2027 Deposits 130 % Blue Ridge Bank, NA Certificate of VA 4.2 2/28/2028 09582YAF9 Deposits 30 % 0.08 0.67 2/28/2023 4.200 244,000.00 244,000.00 245,327.36 2/28/2028 699 870.38 BMW Bank North 05612LFA5 Certificate of ° 0.08 0.67 5/23/2025 4.000 244,000.00 244,000.00 244,385.52 11/23/2027 602 3,422.68 /o America 4 11/23/2027 Deposits 130 BNY Mellon, NA PA4.5 05584CJJ6 Certificate of ° 0.08 0.67 9/7/2023 4.500 244,000.00 244,000.00 247,164.68 9/7/2028 891 721.97 /° 9/7/2028 Deposits 130 BOM Bank LA4.1 09776DAV6 Certificate of ° 0.08 0.68 6/24/2025 4.100 248,000.00 248,000.00 248,912.64 6/24/2030 1,546 195.00 /o 6/24/2030 Deposits 130 Bridgewater Bank MN Certificate of 0.08 0.68 3/29/2023 4.850 248,000.00 248,000.00 250,318.80 3/29/2027 363 65.91 4.85 3/29/2027 108622NJ6 Deposits 130 % Capital One, NA 1.1 14042RQB0 Certificate of ° 0.08 0.68 11/17/2021 1.100 248,000.00 248,000.00 243,769.12 11/17/2026 231 1,001.51 /° 11/17/2026 Deposits 130 Carter Bank & Trust 146102AS7 Certificate of ° 0.08 0.68 7/5/2024 4.550 248,000.00 248,000.00 252,488.80 7/5/2029 1,192 803.79 /o 4.55 7/5/2029 Deposits 130 Carter FCU LA 0.75 Certificate of 14622LAA0 0.08 0.68 4/27/2021 0.750 248,000.00 248,000.00 247,454.40 4/27/2026 27 20.38 4/27/2026 Deposits 130 % Celtic Bank UT 3.65 15118RR33 Certificate of ° 0.08 0.68 9/26/2024 3.650 248,000.00 248,000.00 245,433.20 9/26/2029 1,275 124.00 /° 9/26/2029 Deposits 130 152577BN1 Certificate of ° 0.08 0.68 5/12/2023 4.000 248,000.00 248,000.00 248,468.72 5/12/2028 773 516.38 /o Deposits 130 cfsbank PA4.7 Certificate of 12526AAM9 0.08 0.67 5/30/2024 4.700 244,000.00 244,000.00 247,113.44 11/30/2027 609 3,801.72 11/30/2027 Deposits 130 % Chartway FCU VA 4.9 16141BAC5 Certificate of ° 0.08 0.68 6/9/2023 4.900 248,000.00 248,000.00 248,451.36 6/9/2026 70 732.45 /° 6/9/2026 Deposits 130 CIBC Bank USA IL 4.35 Certificate of 12547CBJ6 0.08 0.67 5/16/2023 4.350 244,000.00 244,000.00 246,171.60 5/16/2028 777 3,925.73 5/16/2028 Deposits 130 % Civic FCU 3.65 178808AF8 Certificate of ° 0.08 0.68 9/26/2025 3.650 248,000.00 248,000.00 246,400.40 9/26/2028 910 124.00 /° 9/26/2028 Deposits 130 20033A3A2 Certificate of ° 0.08 0.68 4/14/2022 2.650 248,000.00 248,000.00 244,880.16 4/14/2027 379 306.09 /o Deposits 130 ConnectOne Bank NJ Certificate of 20786ADL6 0.08 0.68 9/24/2021 0.800 248,000.00 248,000.00 244,354.40 9/24/2026 177 38.05 0.8 9/24/2026 Deposits 130 % Connexus Credit Union 20825WAR1 Certificate of 0.08 0.68 12/23/2021 1.250 249,000.00 249,000.00 244,361.13 12/23/2026 267 0.00 WI 1.25 12/23/2026 Deposits 130 % 21923MAB7 Certificate of ° 0.08 0.68 9/30/2024 3.700 248,000.00 248,000.00 245,844.88 10/1/2029 1,280 25.14 /o Deposits 130 County Schools FCU 22258JAB7 Certificate of ° 0.08 0.68 9/30/2022 4.400 248,000.00 248,000.00 249,817.84 9/30/2027 548 29.90 /° CA 4.4 9/30/2027 Deposits 130 Description Central Bank AK 4 5/12/2028 Comenity Capital Bank UT 2.65 4/14/2027 Cornerstone Comm. FCU NY 3.7 10/1/2029 86 Asset % of Group Settlement YTM @ Face Maturity Days To Accrued Description CUSIP/Ticker Category Portfolio Percent Date Cost Amount/Shares Cost Value Market Value Date Maturity Interest Covantage Credit Union 22282XAD2 Certificate of 0.08 0.67 8/6/2024 4.200 247,000.00 247,000.00 248,669.72 8/7/2028 860 1,506.36 WI 4.2 8/7/2028 Deposits 130 % Credit Human FCU 3.6 22537MAH0 Certificate of ° 0.08 0.68 9/29/2025 3.600 248,000.00 248,000.00 246,097.84 9/29/2028 913 48.92 /o 9/29/2028 Deposits 130 Cross River Bank NJ 227563GC1 Certificate of ° 0.08 0.67 4/26/2024 4.500 244,000.00 244,000.00 245,503.04 4/26/2027 391 4,692.82 /° 4.5 4/26/2027 Deposits 130 Customers Bank PA 4.5 23204HPB8 Certificate of ° 0.08 0.67 6/14/2023 4.500 244,000.00 244,000.00 246,967.04 6/14/2028 806 3,218.79 /o 6/14/2028 Deposits 130 Cy -Fair FCU TX 4.5 Certificate of 0.08 0.68 5/12/2023 4.500 248,000.00 248,000.00 250,980.96 5/12/2028 773 580.93 5/12/2028 23248UAB3 Deposits 130 % Direct FCU MA 4.8 25460FDW3 Certificate of 0.08 0.68 11/7/2022 4.800 248,000.00 248,000.00 251,506.72 11/8/2027 587 782.73 11/8/2027 Deposits 130 % Dort Financial Credit Certificate of Union MI 4.5 25844MAK4 Deposits 30 % 0.08 0.67 12/16/2022 4.500 247,000.00 247,000.00 249,524.34 12/16/2027 625 2,710.23 12/16/2027 EagleBank MD 4.05 4/16/2030 Eaglemark Savings Bank NV 2 3/2/2027 Empower FCU NY 5.25 11/15/2028 Enterprise Bank PA 4.6 6/7/2029 Evergreen Bank Group IL 3.85 7/27/2026 Fahey Banking Company 4.2 8/30/2027 Farmers & Merchants Bank of Colby 4.4 7/5/2029 Fidelity Bank LA 0.7 4/30/2026 Fieldpoint Private B&T CT 4 9/4/2026 First Bank Elk River MN 4.4 6/30/2028 First Federal Savings IN 4.25 7/9/2026 First Nat'l Bank of America MI 3.75 10/30/2028 27002YHQ2 27004PCM3 291916AJ3 29367RND4 300185LM5 303117DN2 30781 JBU3 31617CAV5 31657FBA4 31911KAK4 32021 YEV1 32110YQ24 First Service CU f/k/a SPCO TX 4.35 78472EAB0 1/20/2028 Forbright Bank MD 4.6 11/2/2027 34520LAT0 Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % 0.08 0.68 4/16/2025 4.050 248,000.00 248,000.00 248,503.44 4/16/2030 1,477 412.77 0.08 0.67 3/2/2022 2.000 245,000.00 245,000.00 240,793.35 3/2/2027 336 389.32 0.08 0.67 11/15/2023 5.250 247,000.00 247,000.00 255,151.00 11/15/2028 960 746.08 0.08 0.68 6/7/2024 4.600 248,000.00 248,000.00 252,786.40 6/7/2029 1,164 750.12 0.08 0.68 1/27/2023 3.850 248,000.00 248,000.00 247,952.88 7/27/2026 118 104.64 0.08 0.68 2/28/2025 4.200 248,000.00 248,000.00 249,068.88 8/30/2027 517 85.61 0.08 0.68 7/5/2024 4.400 248,000.00 248,000.00 251,350.48 7/5/2029 1,192 777.29 0.08 0.68 4/30/2021 0.700 248,000.00 248,000.00 247,347.76 4/30/2026 30 0.00 0.08 0.68 9/4/2024 4.000 248,000.00 248,000.00 248,106.64 9/4/2026 157 733.81 0.08 0.68 6/30/2023 4.400 248,000.00 248,000.00 253,929.68 6/30/2028 822 29.90 0.08 0.68 2/9/2024 4.250 248,000.00 248,000.00 248,220.72 7/9/2026 100 635.29 0.08 0.68 10/30/2024 3.750 248,000.00 248,000.00 246,975.76 10/30/2028 944 25.48 0.08 0.68 1/20/2023 4.350 249,000.00 249,000.00 250,949.67 1/20/2028 660 326.43 0.08 0.68 11/2/2022 4.600 248,000.00 248,000.00 250,678.40 11/2/2027 581 906.39 Four Points FCU 4.55 35089LAF0 Certificate of ° 0.08 0.68 5/10/2023 4.550 248,000.00 248,000.00 248,161.20 5/11/2026 41 649.22 /o 5/11/2026 Deposits 130 Genesee Regional 37173RAL7 Certificate of 0.08 0.67 12/27/2023 4.200 244,000.00 244,000.00 244,636.84 12/28/2026 272 2,639.21 Bank NY 4.2 Deposits 130 % 87 Description Asset % of Group Settlement YTM @ Face Maturity Days To Accrued CUSIP/Ticker Category Portfolio Percent Date Cost Amount/Shares Cost Value Market Value Date Maturity Interest 12/28/2026 Global FCU f/k/a Alaska USA AK 4.6 3/8/2028 Golden State Bank CA 4.45 6/22/2027 Goldman Sachs Bank USA 1 7/28/2026 Greenstate Credit Union IA 0.95 4/16/2026 Gulf Coast Bank New Orleans LA 3.6 10/29/2030 Healthcare Systems FCU VA 5.1 10/27/2028 Ideal Credit Union MN 4.5 12/29/2027 Inst. for Savings Newburyport MA 3.65 10/28/2030 Jeep Country FCU OH 4.7 6/29/2027 Knoxville TVA Employees Credit Union 4.85 8/25/202 Lafayette FCU MD 4.1 3/28/2029 Latino Community Credit Union NC 4.5 12/21/2027 Leaders Credit Union TN 5.1 10/30/2028 Legacy Bank & Trust Co. MO 4.5 9/27/2028 Legends Bank TN 3.75 9/11/2028 Liberty First Credit Union NE 4.5 2/22/2028 M1 Bank, Clayton MO 3.7 2/18/2028 Maine Community Bank 3.75 8/30/2027 Maine Savings FCU 4.8 7/21/2028 Malaga Bank, FSB CA 3.6 10/24/2030 Marathon Bank WI 1.8 3/16/2027 Marine FCU NC 4 8/31/2026 011852AE0 38120MCA2 38149MXK4 39573LBC1 402194GQ1 42228LAN1 45157PAZ3 45780PDK8 472312AA5 499724AP7 50625LCA9 51828MAC8 52171MAM7 52470QEC4 52465JKL0 530520AH8 55316CEA0 560390DC7 560507AQ8 56102ACC8 565819AG4 56824JBC7 Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % 0.08 0.68 3/8/2023 4.600 248,000.00 248,000.00 251,226.48 3/8/2028 708 718.86 0.08 0.68 6/22/2023 4.450 249,000.00 249,000.00 250,658.34 6/22/2027 448 273.22 0.08 0.68 7/28/2021 1.000 248,000.00 248,000.00 245,611.76 7/28/2026 119 421.26 0.08 0.68 4/16/2021 0.950 249,000.00 249,000.00 248,671.32 4/16/2026 16 194.42 0.08 0.67 10/29/2025 3.600 245,000.00 245,000.00 240,670.85 10/29/2030 1,673 3,697.15 0.08 0.68 10/27/2023 5.100 248,000.00 248,000.00 255,110.16 10/27/2028 941 138.61 0.08 0.68 12/29/2022 4.500 248,000.00 248,000.00 250,534.56 12/29/2027 638 917.26 0.08 0.68 10/28/2025 3.650 248,000.00 248,000.00 244,136.16 10/28/2030 1,672 74.40 0.08 0.68 6/29/2023 4.700 248,000.00 248,000.00 250,427.92 6/29/2027 455 63.87 0.08 0.68 8/25/2023 4.850 248,000.00 248,000.00 253,299.76 8/25/2028 878 988.60 0.08 0.68 3/28/2025 4.100 248,000.00 248,000.00 249,086.24 3/28/2029 1,093 83.57 0.08 0.68 12/21/2022 4.500 248,000.00 248,000.00 250,482.48 12/21/2027 630 305.75 0.08 0.68 10/30/2023 5.100 248,000.00 248,000.00 255,187.04 10/30/2028 944 34.65 0.08 0.68 9/27/2023 4.500 248,000.00 248,000.00 251,387.68 9/27/2028 911 122.30 0.08 0.68 9/11/2024 3.750 248,000.00 248,000.00 247,012.96 9/11/2028 895 509.59 0.08 0.68 2/21/2023 4.500 248,000.00 248,000.00 250,688.32 2/22/2028 693 917.26 0.08 0.67 2/18/2026 3.700 245,000.00 245,000.00 244,108.20 2/18/2028 689 1,018.26 0.08 0.68 8/30/2024 3.750 248,000.00 248,000.00 247,506.48 8/30/2027 517 25.48 0.08 0.68 7/21/2023 4.800 248,000.00 248,000.00 252,831.04 7/21/2028 843 326.14 0.08 0.68 10/24/2025 3.600 248,000.00 248,000.00 243,635.20 10/24/2030 1,668 171.22 0.08 0.68 3/16/2022 1.800 248,000.00 248,000.00 243,139.20 3/16/2027 350 183.45 0.08 0.68 8/30/2024 4.000 248,000.00 248,000.00 248,128.96 8/31/2026 153 27.18 88 Description Medallion Bank UT 4.85 10/20/2028 Merrick Bank UT 1.1 11/9/2026 Metro Credit Union MA 1.7 2/18/2027 Milestone Bk f/k/a LCA UT 1 6/26/2026 Minnwest Bank MN 4.25 5/3/2027 Money One FCU MD 5 9/14/2028 Morgan Stanley Bank, NA 4.25 3/5/2030 Morgan Stanley Private Bank 4.25 3/5/2030 Mountain American FCU 4.7 4/28/2026 MVB Bank, Inc. WV 4.05 2/1/2028 Asset % of Group Settlement YTM @ Face Maturity Days To Accrued CUSIP/Ticker Category Portfolio Percent Date Cost Amount/Shares Cost Value Market Value Date Maturity Interest 58404DTP6 Certificate of o 0.08 0.68 10/20/2023 4.850 248,000.00 248,000.00 256,680.00 10/20/2028 934 362.49 /o Deposits 130 59013KPN0 Certificate of a 0.08 0.68 11/9/2021 1.100 249,000.00 249,000.00 244,866.60 11/9/2026 223 165.09 /o Deposits 130 59161YAP1 Certificate of o 0.08 0.68 2/18/2022 1.700 249,000.00 249,000.00 244,278.96 2/18/2027 324 347.92 /o Deposits 130 501798RP9 Certificate of a 0.08 0.68 12/27/2021 1.000 248,000.00 248,000.00 246,296.24 6/26/2026 87 638.68 /o Deposits 130 Certificate of 60425SKB4 0.08 0.68 5/1/2023 4.250 248,000.00 248,000.00 248,947.36 5/3/2027 398 866.30 Deposits 130 % 60936TAL3 Certificate of a 0.08 0.68 9/14/2023 5.000 248,000.00 248,000.00 254,244.64 9/14/2028 898 577.53 /o Deposits 130 61690DT40 Certificate of o 0.08 0.67 3/5/2025 4.250 244,000.00 244,000.00 246,200.88 3/5/2030 1,435 738.68 /o Deposits 130 61776NMT7 Certificate of a 0.08 0.67 3/5/2025 4.250 244,000.00 244,000.00 246,200.88 3/5/2030 1,435 738.68 /o Deposits 130 62384RAT3 Certificate of 0.08 0.68 4/28/2023 4.700 248,000.00 248,000.00 248,126.48 4/28/2026 28 958.03 Deposits 130 % 62847NEP7 Certificate of a 0.08 0.68 8/1/2024 4.050 248,000.00 248,000.00 248,659.68 2/1/2028 672 825.53 /o Deposits 130 Northpointe Bank MI Certificate of 0.08 0.68 10/20/2023 4.850 248,000.00 248,000.00 253,560.16 10/20/2028 934 362.49 4.85 10/20/2028 666613MK7 Deposits 130 % 67054NBT9 Certificate of a 0.08 0.68 11/26/2024 4.150 248,000.00 248,000.00 249,460.72 11/26/2029 1,336 140.99 /o Deposits 130 67885MAE0 Certificate of 0.08 0.68 10/3/2025 3.650 248,000.00 248,000.00 247,109.68 10/4/2027 552 694.40 Deposits 130 % Optum Bank, Inc UT 4 68405VDD8 Certificate of 0.08 0.67 4/28/2025 4.000 245,000.00 245,000.00 245,036.75 4/29/2030 1,490 4,134.79 4/29/2030 Deposits 130 % Numerica CU 4.15 11/26/2029 Oklahoma Educators CU 3.65 10/4/2027 Oregon Community Credit Union 4.85 6/7/2027 Pacific Crest Savings Bank WA 3.9 8/16/2029 Parkside Financial B&T MO 3.75 9/13/2028 Partners Bank of California 4.15 8/27/2027 Peoples Exchange Bank KY 4.15 8/9/2027 Ponce Bank NY 3.5 9/15/2027 Prevail Bank WI 4.25 1/24/2028 RiverWood Bank MN 3.85 3/11/2027 Rize FCU f/k/a SCE CA 4.7 6/20/2029 68584JAT6 Certificate of 0.08 0.68 6/7/2024 4.850 248,000.00 248,000.00 250,742.88 6/7/2027 433 790.88 Deposits 130 % 69417ADA4 70147AGA6 70212YBY7 71104AAS2 732329BD8 887171AB2 76951 DBZ2 78413RAV9 Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % 0.08 0.68 8/16/2024 3.900 248,000.00 248,000.00 247,506.48 8/16/2029 1,234 397.48 0.08 0.68 9/13/2024 3.750 248,000.00 248,000.00 247,008.00 9/13/2028 897 458.63 0.08 0.67 2/27/2025 4.150 244,000.00 244,000.00 244,841.80 8/27/2027 514 887.76 0.08 0.68 8/9/2024 4.150 248,000.00 248,000.00 248,835.76 8/9/2027 496 620.34 0.08 0.68 9/15/2022 3.500 248,000.00 248,000.00 246,616.16 9/15/2027 533 380.49 0.08 0.68 7/24/2024 4.250 249,000.00 249,000.00 250,526.37 1/24/2028 664 202.95 0.08 0.68 9/11/2024 3.850 248,000.00 248,000.00 247,918.16 3/11/2027 345 523.18 0.08 0.68 6/20/2024 4.700 248,000.00 248,000.00 253,572.56 6/20/2029 1,177 351.28 89 Asset % of Group Settlement YTM @ Face Maturity Days To Accrued CUSIP/Ticker Category Portfolio Percent Date Cost Amount/Shares Cost Value Market Value Date Maturity Interest 77357DAD0 Certificate of o 0.08 0.68 12/22/2023 4.600 248,000.00 248,000.00 249,299.52 12/22/2026 266 281.29 /o Deposits 130 Safra Nat'l Bank NY 24773RCR4 Certificate of a 0.08 0.67 3/9/2022 2.000 245,000.00 245,000.00 240,871.75 2/25/2027 331 295.34 /o f/k/a/ Delta Nat'l 2 2 Deposits 130 795451EE9 Certificate of o 0.08 0.67 12/10/2025 3.900 245,000.00 245,000.00 243,615.75 12/10/2030 1,715 2,905.77 /o Deposits 130 San Francisco FCU CA 79772FAG1 Certificate of a 0.08 0.68 2/3/2023 4.350 248,000.00 248,000.00 249,979.04 2/3/2028 674 827.57 /o 4.35 2/3/2028 Deposits 130 Certificate of 82671 DAB3 0.08 0.68 1/31/2023 4.400 248,000.00 248,000.00 250,219.60 1/31/2028 671 0.00 Deposits 130 SkyOne FCU CA 3.9 83088XAR9 Certificate of 0.08 0.68 10/25/2024 3.900 248,000.00 248,000.00 247,841.28 10/25/2028 939 158.99 10/25/2028 Deposits 130 % 78470MBS6 Certificate of o 0.08 0.68 8/14/2024 4.100 248,000.00 248,000.00 249,021.76 8/14/2028 867 473.58 /o Deposits 130 Sound Credit Union WA 83616HAH7 Certificate of o 0.08 0.68 6/2/2025 4.150 248,000.00 248,000.00 249,240.00 6/2/2028 794 817.72 /o 4.15 6/2/2028 Deposits 130 Southern Bank MO 4.2 843383CS7 Certificate of o 0.08 0.68 5/17/2023 4.200 248,000.00 248,000.00 249,478.08 5/17/2028 778 399.52 /o 5/17/2028 Deposits 130 Southern Bank of TN 84229QAC5 Certificate of a 0.08 0.68 7/12/2024 4.350 248,000.00 248,000.00 250,983.44 7/12/2029 1,199 561.57 /o 4.35 7/12/2029 Deposits 130 Southern States Bank 843879GS0 Certificate of a 0.08 0.68 3/21/2025 4.150 248,000.00 248,000.00 248,297.60 9/21/2026 174 281.97 /o 4.15 9/21/2026 Deposits 130 Spring Bank NY 3.7 849430DM2 Certificate of a 0.08 0.68 2/27/2026 3.700 248,000.00 248,000.00 244,855.36 8/27/2030 1,610 100.56 /o 8/27/2030 Deposits 130 Description Rockland FCU MA4.6 12/22/2026 Sallie Mae 3.9 12/10/2030 Signature FCU VA 4.4 1/31/2028 SNB Bank, NA OK 4.1 8/14/2028 St. Vincent's Medical Center FCU 4.6 6/16/2027 Stearns Bank, NA MN 85279AAC6 Certificate of 0.08 0.68 6/16/2023 4.600 248,000.00 248,000.00 250,068.32 6/16/2027 442 468.82 Deposits 130 % 4.2 8/9/2027 857894Q51 Sunwest Bank 3.55 86804DDG0 9/28/2029 Synchrony Bank 0.9 87165ET98 9/3/2026 Technology Credit 87868YAQ6 Union CA 5 5/29/2026 Texas Exchange Bank 88241TSW1 3.7 9/6/2029 The Genoa Banking 372348DJ8 Co. 4.6 11/28/2028 The Greenwood's State Bank WI 3.05 397417AQ9 5/17/2027 The Pitney Bowes Bank, Inc UT 4.35 4/13/2028 Third Federal Savings & Loan 3.3 8/19/2027 Toyota Financial Savings Bank NV 0.9 4/22/2026 724468AC7 88413QDN5 89235MKY6 Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % 0.08 0.67 8/8/2024 4.200 244,000.00 244,000.00 244,997.96 8/9/2027 496 1,431.91 0.08 0.68 9/30/2024 3.550 248,000.00 248,000.00 244,639.60 9/28/2029 1,277 24.12 0.08 0.67 9/3/2021 0.900 245,000.00 245,000.00 241,898.30 9/3/2026 156 181.23 0.08 0.68 5/30/2023 5.000 248,000.00 248,000.00 248,446.40 5/29/2026 59 1,019.18 0.08 0.68 9/6/2024 3.700 248,000.00 248,000.00 245,889.52 9/6/2029 1,255 628.49 0.08 0.68 11/28/2023 4.600 248,000.00 248,000.00 252,186.24 11/28/2028 973 93.76 0.08 0.68 5/17/2022 3.050 248,000.00 248,000.00 245,701.04 5/17/2027 412 290.13 0.08 0.67 4/14/2023 4.350 244,000.00 244,000.00 246,159.40 4/13/2028 744 4,885.35 0.08 0.67 8/19/2022 3.300 245,000.00 245,000.00 243,042.45 8/19/2027 506 886.03 0.08 0.67 4/22/2021 0.900 245,000.00 245,000.00 244,546.75 4/22/2026 22 966.58 90 Description Asset % of Group Settlement YTM @ Face Maturity Days To Accrued CUSIP/Ticker Category Portfolio Percent Date Cost Amount/Shares Cost Value Market Value Date Maturity Interest True Sky FCU 1.6 89786MAF1 Certificate of ° 0.08 0.67 2/4/2022 1.600 245,000.00 245,000.00 240,394.00 2/4/2027 310 590.68 /° 2/4/2027 Deposits 130 89789AAG2 Certificate of ° 0.08 0.68 3/10/2023 4.700 248,000.00 248,000.00 250,794.96 9/10/2027 528 670.62 /o Deposits 130 Tuscon FCU AZ 5 898812AC6 Certificate of ° 0.08 0.68 9/8/2023 5.000 248,000.00 248,000.00 254,209.92 9/8/2028 892 781.37 9/8/2028 Deposits 130 /° 90355GHG4 Certificate of ° 0.08 0.68 10/25/2023 4.900 248,000.00 248,000.00 253,887.52 10/25/2028 939 199.76 /o Deposits 130 Certificate of 909557MF4 0.08 0.68 2/20/2026 3.600 248,000.00 248,000.00 244,540.40 2/20/2030 1,422 269.06 Deposits 130 Truliant FCU NC 4.7 9/10/2027 UBS Bank USA UT 4.9 10/25/2028 United Bankers' Bank MN 3.6 2/20/2030 United Fidelity Bank, fsb IN 4.5 6/29/2028 United Roosevelt Savings Bank NJ 1.9 3/11/2027 United Teletech FCU NJ 5.1 11/8/2027 University Bank MI 4.2 11/30/2027 Univest Bank & Trust Co. PA 4.35 5/12/2028 USAlliance Financial FCU NY 4.55 5/26/2028 Utah First FCU 5 7/21/2028 Valley National Bank NJ 4.95 5/29/2026 Valleystar Credit Union VA 5.2 11/8/2028 Vibrant Credit Union IL 0.8 6/30/2026 VisionBank MN 4.05 5/12/2028 VyStar Credit Union FL 4.55 3/10/2028 Washington Financial Bank PA 4.5 5/31/2029 Workers FCU MA 5.2 10/30/2028 Certificate of 910286GN7 0.08 0.68 6/29/2023 4.500 248,000.00 248,000.00 254,408.32 6/29/2028 821 61.15 Deposits 130 91139LAB2 Certificate of 0.08 0.68 3/11/2022 1.900 248,000.00 248,000.00 243,441.76 3/11/2027 345 258.19 Deposits 130 913065AD0 914098DJ4 91527PBY2 90352RDB8 91739JAB1 919853LV1 92023CAJ2 92559TAJ7 92834ABT2 92891 CCZ3 93883MBA5 98138MCA6 Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % Certificate of Deposits 130 % 0.08 0.68 11/8/2023 5.100 248,000.00 248,000.00 252,627.68 11/8/2027 587 797.00 0.08 0.68 11/30/2022 4.200 249,000.00 249,000.00 250,212.63 11/30/2027 609 28.65 0.08 0.68 5/12/2023 4.350 248,000.00 248,000.00 250,227.04 5/12/2028 773 561.57 0.08 0.68 5/26/2023 4.550 248,000.00 248,000.00 251,281.04 5/26/2028 787 154.58 0.08 0.67 7/21/2023 5.000 245,000.00 245,000.00 250,850.60 7/21/2028 843 335.62 0.08 0.67 5/29/2024 4.950 244,000.00 244,000.00 244,380.64 5/29/2026 59 4,037.03 0.08 0.67 11/8/2023 5.200 247,000.00 247,000.00 254,760.74 11/8/2028 953 809.35 0.08 0.68 7/2/2021 0.851 249,000.00 248,377.50 247,090.17 6/30/2026 91 163.73 0.08 0.68 5/12/2023 4.050 248,000.00 248,000.00 248,719.20 5/12/2028 773 522.84 0.08 0.68 3/10/2023 4.550 248,000.00 248,000.00 251,013.20 3/10/2028 710 927.45 0.08 0.67 5/31/2024 4.500 244,000.00 244,000.00 247,952.80 5/31/2029 1,157 3,639.95 0.08 0.68 10/30/2023 5.200 248,000.00 248,000.00 255,797.12 10/30/2028 944 35.33 Sub Total / Average Negotiable Certificate Of Deposit Treasury Note T-Note 0.625 7/31/2026 91282CCP4 T-Note 0.75 5/31/2026 91282CCF6 US Treasury 1 100 % US Treasury 100 % 12.17 100.00 3.882 36,602,000.00 36,601,377.50 36,751,227.42 701 108,022.23 0.33 1.26 9/29/2021 0.970 1,000,000.00 983,750.00 989,700.00 7/31/2026 122 1,018.65 0.33 1.26 6/1/2021 0.810 1,000,000.00 997,060.00 994,950.00 5/31/2026 61 2,493.13 91 Asset % of Group Settlement YTM @ Face Maturity Days To Accrued Description CUSIP/Ticker Category Portfolio Percent Date Cost Amount/Shares Cost Value Market Value Date Maturity Interest T-Note 0.75 5/31/2026 91282CCF6 US Treasury 0.17 0.63 6/17/2021 0.870 500,000.00 497,095.00 497,475.00 5/31/2026 61 1,246.57 100 % T-Note 0.75 8/31/2026 91282CCW9 US Treasury 0.33 1.26 9/29/2021 0.990 1,000,000.00 988,500.00 987,660.00 8/31/2026 153 631.79 100 % T-Note 0.75 8/31/2026 91282CCW9 US Treasury 0.17 0.63 3/22/2022 2.350 500,000.00 466,454.17 493,830.00 8/31/2026 153 315.90 100 % T-Note 1.125 91282CDG3 US Treasury 0.17 0.63 3/22/2022 2.350 500,000.00 473,396.82 492,390.00 10/31/2026 214 2,346.34 10/31/2026 100 /o T-Note 1.5 1/31/2027 912828Z78 US Treasury 1 0.33 1.26 2/10/2022 1.781 1,000,000.00 986,700.00 981,790.00 1/31/2027 306 2,444.75 100 % T-Note 1.875 7/31/2026 912828Y95 US Treasury 0.33 1.26 8/29/2024 3.876 1,000,000.00 963,281.25 993,840.00 7/31/2026 122 3,055.94 100 % T-Note 2.25 8/15/2027 9128282R0 US Treasury 0.33 1.26 11/18/2022 3.950 1,000,000.00 927,110.00 978,910.00 8/15/2027 502 2,734.81 100 % T-Note 2.375 4/30/2026 9128286S4 US Treasury 0.33 1.26 3/23/2022 2.400 1,000,000.00 999,010.00 998,910.00 4/30/2026 30 9,906.77 100 % T-Note 2.375 5/15/2027 912828X88 US Treasury 0.33 1.26 6/7/2022 3.041 1,000,000.00 969,687.50 984,300.00 5/15/2027 410 8,922.65 100 % T-Note 2.5 3/31/2027 91282CEF4 US Treasury 0.33 1.26 5/3/2022 3.010 1,000,000.00 976,860.00 988,250.00 3/31/2027 365 0.00 100 % T-Note 2.625 2/15/2029 912828661 US Treasury 0.33 1.26 2/15/2024 4.286 1,000,000.00 925,976.56 967,500.00 2/15/2029 1,052 3,190.61 100 % T-Note 2.625 5/31/2027 91282CET4 US Treasury 0.17 0.63 6/8/2022 2.980 500,000.00 491,842.18 493,225.00 5/31/2027 426 4,362.98 100 % T-Note 2.625 5/31/2027 91282CET4 US Treasury 0.33 1.26 8/29/2024 3.720 1,000,000.00 971,555.99 986,450.00 5/31/2027 426 8,725.96 100 % T-Note 2.75 4/30/2027 91282CEN7 US Treasury 0.17 0.63 6/8/2022 2.971 500,000.00 495,000.00 494,585.00 4/30/2027 395 5,735.50 100 % T-Note 2.75 7/31/2027 91282CFB2 US Treasury 0.33 1.26 8/15/2022 2.980 1,000,000.00 989,460.00 985,980.00 7/31/2027 487 4,482.04 100 % T-Note 2.75 7/31/2027 91282CFB2 US Treasury 1 0.33 1.26 8/29/2022 3.200 1,000,000.00 979,645.67 985,980.00 7/31/2027 487 4,482.04 100 % T-Note 2.875 4/30/2029 91282CEM9 US Treasury 0.33 1.26 4/30/2024 4.658 1,000,000.00 921,300.00 972,190.00 4/30/2029 1,126 11,992.40 100 % T-Note 3.125 9128285M8 US Treasury 1 0.33 1.26 12/29/2023 3.880 1,000,000.00 966,718.75 982,580.00 11/15/2028 960 11,740.33 11/15/2028 100 /o T-Note 3.125 8/31/2027 91282CFH9 US Treasury 0.17 0.63 1/24/2023 3.640 500,000.00 489,175.00 495,100.00 8/31/2027 518 1,316.24 100 % T-Note 3.25 6/30/2027 91282CEW7 US Treasury 0.33 1.26 2/15/2023 4.075 1,000,000.00 967,220.00 993,050.00 6/30/2027 456 8,080.11 100 % T-Note 3.5 1/31/2028 91282CGH8 US Treasury 0.33 1.26 2/2/2023 3.580 1,000,000.00 996,369.14 994,300.00 1/31/2028 671 5,704.42 100 % T-Note 3.5 1/31/2028 91282CGH8 US Treasury 0.33 1.26 8/29/2024 3.680 1,000,000.00 994,257.81 994,300.00 1/31/2028 671 5,704.42 100 % T-Note 3.5 1/31/2030 91282CGJ4 US Treasury 0.33 1.26 1/13/2025 4.531 1,000,000.00 953,900.00 986,090.00 1/31/2030 1,402 5,704.42 100 % T-Note 3.5 10/15/2028 91282CPC9 US Treasury 0.33 1.26 1/9/2026 3.520 1,000,000.00 999,439.61 992,230.00 10/15/2028 929 16,057.69 100 % 92 Description Asset % of Group Settlement YTM @ Face Maturity Days To Accrued CUSIP/Ticker Category Portfolio Percent Date Cost Amount/Shares Cost Value Market Value Date Maturity Interest T-Note 3.5 11/30/2030 91282CPN5 T-Note 3.5 2/28/2031 91282CQD6 T-Note 3.5 4/30/2028 91282CHA2 T-Note 3.5 4/30/2028 91282CHA2 T-Note 3.5 9/30/2029 91282CLN9 T-Note 3.625 91282CPD7 10/31/2030 T-Note 3.625 91282CPR6 12/31/2030 T-Note 3.625 3/31/2028 91282CGT2 T-Note 3.625 3/31/2028 91282CGT2 T-Note 3.625 3/31/2028 91282CGT2 T-Note 3.625 5/31/2028 91282CHE4 T-Note 3.625 8/31/2029 91282CLK5 T-Note 3.625 8/31/2030 91282CNX5 T-Note 3.625 9/30/2030 91282CPA3 T-Note 3.75 1/31/2031 91282CPW5 T-Note 3.75 12/31/2028 91282CJR3 T-Note 3.75 12/31/2028 91282CJR3 T-Note 3.75 12/31/2030 91282CJQ5 T-Note 3.75 4/15/2028 91282CMW8 T-Note 3.75 5/31/2030 91282CHF1 T-Note 3.75 6/30/2030 91282CHJ3 T-Note 3.875 11/30/2029 91282CFY2 T-Note 3.875 3/31/2031 91282CQG9 T-Note 3.875 4/30/2030 91282CMZ1 US Treasury 100 % US Treasury 100 % US Treasury 100 % US Treasury 1 100 % US Treasury 100 % US Treasury 100 % US Treasury 100 % US Treasury 100 % US Treasury 100 % US Treasury 100 % US Treasury 100 % US Treasury 100 % US Treasury 100 % US Treasury 100 % US Treasury 100 % US Treasury 100 % US Treasury 100 % US Treasury 100 % US Treasury 100 % US Treasury 100 % US Treasury 1 100 % US Treasury 100 % US Treasury 100 % US Treasury 100 % 0.66 2.52 12/1/2025 3.570 2,000,000.00 1,993,640.00 1,963,200.00 11/30/2030 1,705 23,204.42 0.66 2.52 3/2/2026 3.567 2,000,000.00 1,993,906.25 1,961,260.00 2/28/2031 1,795 5,576.92 0.33 1.26 5/31/2023 3.837 1,000,000.00 985,000.00 993,670.00 4/30/2028 761 14,599.45 0.33 1.26 7/19/2024 4.145 1,000,000.00 977,600.00 993,670.00 4/30/2028 761 14,599.45 0.33 1.26 9/30/2024 3.510 1,000,000.00 999,530.00 987,970.00 9/30/2029 1,279 0.00 0.66 2.52 10/31/2025 3.616 2,000,000.00 2,000,781.25 1,974,140.00 10/31/2030 1,675 30,241.71 0.33 1.26 12/31/2025 3.691 1,000,000.00 997,000.00 986,410.00 12/31/2030 1,736 9,012.43 0.33 1.26 5/31/2023 3.853 1,000,000.00 990,000.00 996,370.00 3/31/2028 731 0.00 0.33 1.26 6/15/2023 3.980 1,000,000.00 984,600.00 996,370.00 3/31/2028 731 0.00 0.33 1.26 10/19/2023 4.910 1,000,000.00 949,180.00 996,370.00 3/31/2028 731 0.00 0.33 1.26 3/19/2025 4.013 1,000,000.00 988,400.00 996,060.00 5/31/2028 792 12,050.14 0.66 2.52 9/3/2024 3.627 2,000,000.00 1,999,843.75 1,984,680.00 8/31/2029 1,249 6,107.34 0.66 2.52 9/10/2025 3.584 2,000,000.00 2,003,687.70 1,975,460.00 8/31/2030 1,614 6,107.34 0.66 2.52 9/30/2025 3.695 2,000,000.00 1,993,671.85 1,975,080.00 9/30/2030 1,644 0.00 0.66 2.52 2/2/2026 3.811 2,000,000.00 1,994,531.25 1,982,960.00 1/31/2031 1,767 11,941.34 0.33 1.26 1/2/2024 3.815 1,000,000.00 997,067.49 998,010.00 12/31/2028 1,006 9,323.20 0.33 1.26 6/12/2024 4.480 1,000,000.00 970,230.00 998,010.00 12/31/2028 1,006 9,323.20 0.33 1.26 12/10/2025 3.770 1,000,000.00 999,062.50 991,450.00 12/31/2030 1,736 9,323.20 0.33 1.26 4/15/2025 3.760 1,000,000.00 999,726.56 998,630.00 4/15/2028 746 17,204.67 0.33 1.26 5/15/2025 4.150 1,000,000.00 981,940.00 993,910.00 5/31/2030 1,522 12,465.66 0.33 1.26 6/17/2025 4.040 1,000,000.00 986,890.00 993,520.00 6/30/2030 1,552 9,323.20 0.33 1.26 11/21/2024 4.271 1,000,000.00 982,265.63 999,770.00 11/30/2029 1,340 12,881.18 0.33 1.26 3/31/2026 3.960 1,000,000.00 996,171.87 996,800.00 3/31/2031 1,826 0.00 0.33 1.26 5/5/2025 3.900 1,000,000.00 998,867.19 998,910.00 4/30/2030 1,491 16,163.67 93 Asset % of Group Settlement YTM @ Face Maturity Days To Accrued Description CUSIP/Ticker Category Portfolio Percent Date Cost Amount/Shares Cost Value Market Value Date Maturity Interest T-Note 3.875 7/15/2028 91282CNM9 US Treasury 0.33 1.26 7/31/2025 3.835 1,000,000.00 1,001,090.00 1,001,170.00 7/15/2028 837 8,028.31 100 % T-Note 3.875 7/31/2030 91282CNN7 US Treasury 0.33 1.26 7/31/2025 3.960 1,000,000.00 996,170.01 998,320.00 7/31/2030 1,583 6,315.61 100 % T-Note 3.875 9/30/2029 91282CFL0 US Treasury 0.33 1.26 10/8/2024 3.875 1,000,000.00 1,000,000.00 1,000,080.00 9/30/2029 1,279 0.00 100 % T-Note 4 1/15/2027 91282CJT9 US Treasury 0.33 1.26 1/31/2024 4.115 1,000,000.00 996,813.45 1,001,970.00 1/15/2027 290 8,287.29 100 % T-Note 4 10/31/2029 91282CFT3 US Treasury 0.33 1.26 10/31/2024 4.110 1,000,000.00 995,070.00 1,003,980.00 10/31/2029 1,310 16,685.08 100 % T-Note 4 2/28/2030 91282CGQ8 US Treasury 0.66 2.52 2/26/2025 4.140 2,000,000.00 1,987,440.00 2,007,580.00 2/28/2030 1,430 6,739.13 100 % T-Note 4 2/28/2030 91282CGQ8 US Treasury 0.33 1.26 3/27/2026 4.002 1,000,000.00 999,900.00 1,003,790.00 2/28/2030 1,430 3,369.57 100 % T-Note 4 3/31/2030 91282CMU2 US Treasury 0.33 1.26 4/1/2025 3.950 1,000,000.00 1,002,265.63 1,003,590.00 3/31/2030 1,461 0.00 100 % T-Note 4 5/31/2030 91282CNG2 US Treasury 0.33 1.26 6/2/2025 4.060 1,000,000.00 997,304.69 1,003,400.00 5/31/2030 1,522 13,296.70 100 % T-Note 4 7/31/2029 91282CLC3 US Treasury 0.33 1.26 7/31/2024 4.134 1,000,000.00 994,000.00 1,004,450.00 7/31/2029 1,218 6,519.34 100 % T-Note 4 7/31/2030 91282CHR5 US Treasury 0.33 1.26 7/8/2025 3.965 1,000,000.00 1,001,560.00 1,003,160.00 7/31/2030 1,583 6,519.34 100 % T-Note 4.125 91282CFU0 US Treasury 0.25 0.95 11/6/2023 4.524 750,000.00 739,200.00 753,105.00 10/31/2027 579 12,904.87 10/31/2027 100 /o T-Note 4.125 US Treasury I0.33 1.26 5/31/2024 4.675 1,000,000.00 982,790.00 1,004,140.00 10/31/2027 579 17,206.49 10/31/2027 91282CFU0 100 % T-Note 4.125 91282CMA6 US Treasury 0.33 1.26 12/2/2024 4.180 1,000,000.00 997,539.06 1,008,280.00 11/30/2029 1,340 13,712.23 11/30/2029 100 /o T-Note 4.125 3/31/2029 91282CKG5 US Treasury 0.33 1.26 4/1/2024 4.210 1,000,000.00 996,200.00 1,008,320.00 3/31/2029 1,096 0.00 100 % T-Note 4.125 3/31/2031 91282CKF7 US Treasury 0.33 1.26 3/6/2026 3.740 1,000,000.00 1,017,600.00 1,007,070.00 3/31/2031 1,826 0.00 100 % T-Note 4.125 6/15/2026 91282CHH7 US Treasury 0.33 1.26 2/26/2025 4.091 1,000,000.00 1,000,380.00 1,000,800.00 6/15/2026 76 12,012.36 100 % T-Note 4.125 9/30/2027 91282CFM8 US Treasury 0.33 1.26 7/30/2024 4.150 1,000,000.00 999,210.00 1,004,100.00 9/30/2027 548 0.00 100 % T-Note 4.25 1/31/2030 91282CMG3 US Treasury 0.33 1.26 1/31/2025 4.330 1,000,000.00 996,437.79 1,012,660.00 1/31/2030 1,402 6,926.80 100 % T-Note 4.25 6/30/2029 91282CKX8 US Treasury 0.66 2.52 7/1/2024 4.290 2,000,000.00 1,996,433.38 2,024,220.00 6/30/2029 1,187 21,132.60 100 % T-Note 4.375 91282CMD0 US Treasury l 0.50 1.89 12/31/2024 4.425 1,500,000.00 1,496,700.00 1,525,365.00 12/31/2029 1,371 16,315.61 12/31/2029 100 /o T-Note 4.5 5/31/2029 91282CKT7 US Treasury 0.66 2.52 5/31/2024 4.540 2,000,000.00 1,996,484.38 2,038,760.00 5/31/2029 1,157 29,917.58 100 % Sub Total /Average 26.34 100.00 3.721 79,250,000.00 78,324,947.13 78,856,555.00 1,056 567,733.89 Treasury Note Total / Average 100 3.541 300,842,212.01 299,764,976.69 300,428,417.00 588 2,159,703.31 94 City of La Quinta I CA Transactions Summary Transactions Report -Use this Group By: Action Portfolio / Report Group: All Portfolios Begin Date: 01/01/2026, End Date: 03/31/2026 Description YTM @ Settlement Face CUSIP/Ticker Cost Trade Date Date Maturity Date Amount/Shares Principal Price Interest/Dividends Total Buy FHLB 3.78 1/9/2031-29 3130B93L2 3.780 1/8/2026 1/9/2026 1/9/2031 1,000,000.00 1,000,000.00 100 0.00 1,000,000.00 FHLB 3.875 3/9/2029 3130AUW75 3.545 3/4/2026 3/5/2026 3/9/2029 1,000,000.00 1,009,340.00 100.934 18,944.44 1,028,284.44 FHLB 4.125 3/14/2031 3130AVJY9 3.910 3/19/2026 3/20/2026 3/14/2031 1,000,000.00 1,009,640.00 100.964 687.50 1,010,327.50 FNMA 3.7512/3/2030-27 3136GC6X8 3.750 2/10/2026 2/11/2026 12/3/2030 1,000,000.00 1,000,000.00 100 7,083.33 1,007,083.33 M1 Bank, Clayton MO 3.7 55316CEA0 3.700 2/11/2026 2/18/2026 2/18/2028 245,000.00 245,000.00 100 0.00 245,000.00 2/18/2028 Spring Bank NY 3.7 8/27/2030 849430DM2 3.700 2/11/2026 2/27/2026 8/27/2030 248,000.00 248,000.00 100 0.00 248,000.00 T-Note 3.5 10/15/2028 91282CPC9 3.520 1/8/2026 1/9/2026 10/15/2028 1,000,000.00 999,439.61 99.943961 8,269.23 1,007,708.84 T-Note 3.5 2/28/2031 91282CQD6 3.567 2/26/2026 3/2/2026 2/28/2031 2,000,000.00 1,993,906.25 99.695313 380.43 1,994,286.68 T-Note 3.75 1/31/2031 91282CPW5 3.811 1/27/2026 2/2/2026 1/31/2031 2,000,000.00 1,994,531.25 99.726563 414.36 1,994,945.61 T-Note 3.875 3/31/2031 91282CQG9 3.960 3/25/2026 3/31/2026 3/31/2031 1,000,000.00 996,171.87 99.617187 0.00 996,171.87 T-Note 4 2/28/2030 91282CGQ8 4.002 3/26/2026 3/27/2026 2/28/2030 1,000,000.00 999,900.00 99.99 2,934.78 1,002,834.78 T-Note 4.125 3/31/2031 91282CKF7 3.740 3/5/2026 3/6/2026 3/31/2031 1,000,000.00 1,017,600.00 101.76 17,791.90 1,035,391.90 United Bankers' Bank MN 3.6 909557MF4 3.600 2/11/2026 2/20/2026 2/20/2030 248,000.00 248,000.00 100 0.00 248,000.00 2/20/2030 Sub Total / Average Buy 12,741,000.00 12,761,528.98 56,505.97 12,818,034.95 Called FHLB 4.5 2/18/2028-26 3130B4YH8 0.000 2/18/2026 2/18/2026 2/18/2028 1,000,000.00 1,000,000.00 FNMA 4.1253/12/2030-26 3136GACD9 0.000 3/12/2026 3/12/2026 3/12/2030 1,000,000.00 1,000,000.00 Sub Total / Average Called 2,000,000.00 2,000,000.00 Interest Advantage Credit Union IA 4.45 00790UAE7 7/31/2028 Advantage Credit Union IA 4.45 00790UAE7 7/31/2028 Advantage Credit Union IA 4.45 00790UAE7 7/31/2028 Affinity Bank, NA GA 4.9 3/17/2028 00833JAQ4 Affinity Bank, NA GA 4.9 3/17/2028 00833JAQ4 Affinity Bank, NA GA 4.9 3/17/2028 00833JAQ4 Alabama Credit Union 5 6/22/2026 01025RAG4 Alabama Credit Union 5 6/22/2026 01025RAG4 0.000 3/31/2026 3/31/2026 7/31/2028 0.000 2/28/2026 2/28/2026 7/31/2028 0.000 1/31/2026 1/31/2026 7/31/2028 0.000 3/17/2026 3/17/2026 3/17/2028 0.000 2/17/2026 2/17/2026 3/17/2028 0.000 1/20/2026 1/20/2026 3/17/2028 0.000 3/20/2026 3/20/2026 6/22/2026 0.000 2/20/2026 2/20/2026 6/22/2026 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0 0 0.00 1,000,000.00 0.00 1,000,000.00 0.00 2,000,000.00 941.08 941.08 850.01 850.01 941.08 941.08 932.21 932.21 1,032.09 1,032.09 1,032.09 1,032.09 951.23 951.23 1,053.15 1,053.15 95 YTM @ Settlement Face Description CUSIP/Ticker Cost Trade Date Date Maturity Date Amount/Shares Principal Price Interest/Dividends Total Alabama Credit Union 5 6/22/2026 01025RAG4 0.000 1/20/2026 1/20/2026 6/22/2026 0.00 0.00 1,053.15 1,053.15 All In FCU AL 4.4 12/20/2027 01664MAB2 0.000 3/20/2026 3/20/2026 12/20/2027 0.00 0.00 837.08 837.08 All In FCU AL 4.4 12/20/2027 01664MAB2 0.000 2/20/2026 2/20/2026 12/20/2027 0.00 0.00 926.77 926.77 All In FCU AL 4.4 12/20/2027 01664MAB2 0.000 1/20/2026 1/20/2026 12/20/2027 0.00 0.00 926.77 926.77 Alliant Credit Union IL 5 12/30/2027 01882MAC6 0.000 3/30/2026 3/30/2026 12/30/2027 0.00 0.00 1,015.07 1,015.07 Alliant Credit Union IL 5 12/30/2027 01882MAC6 0.000 2/28/2026 2/28/2026 12/30/2027 0.00 0.00 981.23 981.23 Alliant Credit Union IL 5 12/30/2027 01882MAC6 0.000 1/30/2026 1/30/2026 12/30/2027 0.00 0.00 1,048.90 1,048.90 Altaone FCU CA 4.45 7/19/2029 02157RAA5 0.000 3/2/2026 3/2/2026 7/19/2029 0.00 0.00 850.01 850.01 Altaone FCU CA 4.45 7/19/2029 02157RAA5 0.000 2/2/2026 2/2/2026 7/19/2029 0.00 0.00 941.08 941.08 Altaone FCU CA4.45 7/19/2029 02157RAA5 0.000 1/2/2026 1/2/2026 7/19/2029 0.00 0.00 941.08 941.08 Amer. Nat'l Bank of MN 3.65 02769QFW4 0.000 3/23/2026 3/23/2026 12/23/2030 0.00 0.00 697.20 697.20 12/23/2030 Amer. Nat'l Bank of MN 3.65 02769QFW4 0.000 2/23/2026 2/23/2026 12/23/2030 0.00 0.00 771.90 771.90 12/23/2030 Amer. Nat'l Bank of MN 3.65 02769QFW4 0.000 1/23/2026 1/23/2026 12/23/2030 0.00 0.00 771.90 771.90 12/23/2030 Amerant Bank, NA FL 1.6 2/16/2027 02357QAQ0 0.000 2/17/2026 2/17/2026 2/16/2027 0.00 0.00 1,976.11 1,976.11 American Express Nat'I Bank 3.45 02589ADH2 0.000 1/27/2026 1/27/2026 7/27/2027 0.00 0.00 4,260.99 4,260.99 7/27/2027 Austin Telco FCU TX 3.8 9/21/2027 052392BT3 0.000 3/2/2026 3/2/2026 9/21/2027 0.00 0.00 722.94 722.94 Austin Telco FCU TX 3.8 9/21/2027 052392BT3 0.000 2/2/2026 2/2/2026 9/21/2027 0.00 0.00 800.39 800.39 Austin Telco FCU TX 3.8 9/21/2027 052392BT3 0.000 1/2/2026 1/2/2026 9/21/2027 0.00 0.00 800.39 800.39 Balboa Thrift & Loan 4.4 7/19/2028 05765LBU0 0.000 3/19/2026 3/19/2026 7/19/2028 0.00 0.00 837.08 837.08 Balboa Thrift & Loan 4.4 7/19/2028 05765LBU0 0.000 2/19/2026 2/19/2026 7/19/2028 0.00 0.00 926.77 926.77 Balboa Thrift & Loan 4.4 7/19/2028 05765LBU0 0.000 1/20/2026 1/20/2026 7/19/2028 0.00 0.00 926.77 926.77 Ballston Spa Nat'I Bank NY 4.8 058723AQ0 0.000 3/24/2026 3/24/2026 11/24/2026 0.00 0.00 913.18 913.18 11/24/2026 Ballston Spa Nat'I Bank NY 4.8 058723AQ0 0.000 2/24/2026 2/24/2026 11/24/2026 0.00 0.00 1,011.02 1,011.02 11/24/2026 Ballston Spa Nat'I Bank NY 4.8 058723AQ0 0.000 1/26/2026 1/26/2026 11/24/2026 0.00 0.00 1,011.02 1,011.02 11/24/2026 Bank Five Nine WI 4.25 5/12/2028 062119BT8 0.000 3/12/2026 3/12/2026 5/12/2028 0.00 0.00 808.55 808.55 Bank Five Nine WI 4.25 5/12/2028 062119BT8 0.000 2/12/2026 2/12/2026 5/12/2028 0.00 0.00 895.18 895.18 Bank Five Nine WI 4.25 5/12/2028 062119BT8 0.000 1/12/2026 1/12/2026 5/12/2028 0.00 0.00 895.18 895.18 Bank of the Sierra CA 4.6 3/15/2027 064860MC0 0.000 3/16/2026 3/16/2026 3/15/2027 0.00 0.00 5,565.87 5,565.87 Bankers Bank WI 4.15 5/24/2028 06610RCA5 0.000 3/24/2026 3/24/2026 5/24/2028 0.00 0.00 789.52 789.52 Bankers Bank WI 4.15 5/24/2028 06610RCA5 0.000 2/24/2026 2/24/2026 5/24/2028 0.00 0.00 874.12 874.12 Bankers Bank WI 4.15 5/24/2028 06610RCA5 0.000 1/26/2026 1/26/2026 5/24/2028 0.00 0.00 874.12 874.12 BankFirst Norfolk NE 4.5 6/21/2029 06644QAC5 0.000 3/23/2026 3/23/2026 6/21/2029 0.00 0.00 856.11 856.11 BankFirst Norfolk NE 4.5 6/21/2029 06644QAC5 0.000 2/23/2026 2/23/2026 6/21/2029 0.00 0.00 947.84 947.84 BankFirst Norfolk NE 4.5 6/21/2029 06644QAC5 0.000 1/21/2026 1/21/2026 6/21/2029 0.00 0.00 947.84 947.84 96 Description CUSIP/Ticker YTM @ Settlement Face Cost Trade Date Date Maturity Date Amount/Shares Principal Price Interest/Dividends Total Baxter Credit Union IL 4.35 8/22/2028 Baxter Credit Union IL 4.35 8/22/2028 Baxter Credit Union IL 4.35 8/22/2028 Beal Bank TX 1.9 2/17/2027 Beal Bank USA NV 1.9 2/17/2027 Blackrock Funding Inc 4.7 3/14/2029-29 Blue Ridge Bank, NA VA 4.2 2/28/2028 BMO Bank I Operating MM BMO Bank I Operating MM BMO Bank I Operating MM BNY Mellon, NA PA 4.5 9/7/2028 BOM Bank LA 4.1 6/24/2030 BOM Bank LA 4.1 6/24/2030 BOM Bank LA 4.1 6/24/2030 Bridgewater Bank MN 4.85 3/29/2027 Bridgewater Bank MN 4.85 3/29/2027 Bridgewater Bank MN 4.85 3/29/2027 CAMP LGIP CAMP LGIP CAMP LGIP Carter Bank & Trust 4.55 7/5/2029 Carter Bank & Trust 4.55 7/5/2029 Carter Bank & Trust 4.55 7/5/2029 Carter FCU LA 0.75 4/27/2026 Carter FCU LA 0.75 4/27/2026 Carter FCU LA 0.75 4/27/2026 Celtic Bank UT 3.65 9/26/2029 Celtic Bank UT 3.65 9/26/2029 Celtic Bank UT 3.65 9/26/2029 Central Bank AK 4 5/12/2028 Central Bank AK 4 5/12/2028 Central Bank AK 4 5/12/2028 Chartway FCU VA 4.9 6/9/2026 Chartway FCU VA 4.9 6/9/2026 07181JBH6 07181JBH6 07181JBH6 07371 AYE7 07371 CE88 09290DAA9 09582YAF9 BMO1851 OP-TYCXX BMO1851 OP-TYCXX BMO1851 OP-TYCXX 05584CJJ6 09776DAV6 09776DAV6 09776DAV6 108622NJ6 108622NJ6 108622NJ6 CAMP7001 CAMP7001 CAMP7001 146102AS7 146102AS7 146102AS7 14622LAA0 14622LAA0 14622LAA0 15118RR33 15118RR33 15118RR33 152577BN1 152577BN1 152577BN1 16141BAC5 16141BAC5 0.000 3/23/2026 3/23/2026 8/22/2028 0.00 0.00 0.000 2/23/2026 2/23/2026 8/22/2028 0.00 0.00 0.000 1/22/2026 1/22/2026 8/22/2028 0.00 0.00 0.000 2/23/2026 2/23/2026 2/17/2027 0.00 0.00 0.000 2/23/2026 2/23/2026 2/17/2027 0.00 0.00 0.000 3/16/2026 3/16/2026 3/14/2029 0.00 0.00 0.000 2/28/2026 2/28/2026 2/28/2028 0.00 0.00 0.000 3/31/2026 3/31/2026 N/A 0.00 0.00 0.000 2/27/2026 2/27/2026 N/A 0.00 0.00 0.000 1/30/2026 1/30/2026 N/A 0.00 0.00 0.000 3/9/2026 3/9/2026 9/7/2028 0.00 0.00 0.000 3/24/2026 3/24/2026 6/24/2030 0.00 0.00 0.000 2/24/2026 2/24/2026 6/24/2030 0.00 0.00 0.000 1/26/2026 1/26/2026 6/24/2030 0.00 0.00 0.000 3/30/2026 3/30/2026 3/29/2027 0.00 0.00 0.000 2/28/2026 2/28/2026 3/29/2027 0.00 0.00 0.000 1/29/2026 1/29/2026 3/29/2027 0.00 0.00 0.000 3/31/2026 3/31/2026 N/A 0.00 0.00 0.000 2/28/2026 2/28/2026 N/A 0.00 0.00 0.000 1/31/2026 1/31/2026 N/A 0.00 0.00 0.000 3/5/2026 3/5/2026 7/5/2029 0.00 0.00 0.000 2/5/2026 2/5/2026 7/5/2029 0.00 0.00 0.000 1/5/2026 1/5/2026 7/5/2029 0.00 0.00 0.000 3/27/2026 3/27/2026 4/27/2026 0.00 0.00 0.000 2/27/2026 2/27/2026 4/27/2026 0.00 0.00 0.000 1/27/2026 1/27/2026 4/27/2026 0.00 0.00 0.000 3/26/2026 3/26/2026 9/26/2029 0.00 0.00 0.000 2/26/2026 2/26/2026 9/26/2029 0.00 0.00 0.000 1/26/2026 1/26/2026 9/26/2029 0.00 0.00 0.000 3/12/2026 3/12/2026 5/12/2028 0.00 0.00 0.000 2/12/2026 2/12/2026 5/12/2028 0.00 0.00 0.000 1/12/2026 1/12/2026 5/12/2028 0.00 0.00 0.000 3/9/2026 3/9/2026 6/9/2026 0.00 0.00 0.000 2/9/2026 2/9/2026 6/9/2026 0.00 0.00 827.57 916.24 916.24 2,346.63 2,346.63 827.57 916.24 916.24 2,346.63 2,346.63 23,500.00 23,500.00 5,166.12 35,234.73 42,161.74 33,626.61 5,444.88 780.01 863.58 863.58 955.65 988.60 1,021.56 85,587.70 77,742.11 86, 317.83 865.62 958.37 958.37 142.68 157.97 157.97 694.40 768.80 768.80 760.99 842.52 842.52 932.21 1,032.09 5,166.12 35,234.73 42,161.74 33,626.61 5,444.88 780.01 863.58 863.58 955.65 988.60 1,021.56 85,587.70 77,742.11 86,317.83 865.62 958.37 958.37 142.68 157.97 157.97 694.40 768.80 768.80 760.99 842.52 842.52 932.21 1,032.09 97 Description Chartway FCU VA 4.9 6/9/2026 Civic FCU 3.65 9/26/2028 Civic FCU 3.65 9/26/2028 Civic FCU 3.65 9/26/2028 Comenity Capital Bank UT 2.65 4/14/2027 Comenity Capital Bank UT 2.65 4/14/2027 Comenity Capital Bank UT 2.65 4/14/2027 ConnectOne Bank NJ 0.8 9/24/2026 ConnectOne Bank NJ 0.8 9/24/2026 ConnectOne Bank NJ 0.8 9/24/2026 Connexus Credit Union WI 1.25 12/23/2026 Connexus Credit Union WI 1.25 12/23/2026 Connexus Credit Union WI 1.25 12/23/2026 Cornerstone Comm. FCU NY 3.7 10/1/2029 Cornerstone Comm. FCU NY 3.7 10/1/2029 Cornerstone Comm. FCU NY 3.7 10/1/2029 County Schools FCU CA 4.4 9/30/2027 County Schools FCU CA 4.4 9/30/2027 County Schools FCU CA 4.4 9/30/2027 Covantage Credit Union WI 4.2 8/7/2028 Credit Human FCU 3.6 9/29/2028 Credit Human FCU 3.6 9/29/2028 Credit Human FCU 3.6 9/29/2028 Cy -Fair FCU TX 4.5 5/12/2028 Cy -Fair FCU TX 4.5 5/12/2028 Cy -Fair FCU TX 4.5 5/12/2028 Direct FCU MA 4.8 11/8/2027 Direct FCU MA 4.8 11/8/2027 Direct FCU MA 4.8 11/8/2027 Dort Financial Credit Union MI 4.5 12/16/2027 EagleBank MD 4.05 4/16/2030 YTM @ Settlement Face CUSIP/Ticker Cost Trade Date Date Maturity Date Amount/Shares Principal Price Interest/Dividends Total 16141BAC5 0.000 1/9/2026 1/9/2026 6/9/2026 0.00 0.00 1,032.09 1,032.09 178808AF8 0.000 3/26/2026 3/26/2026 9/26/2028 0.00 0.00 694.40 694.40 178808AF8 0.000 2/26/2026 2/26/2026 9/26/2028 0.00 0.00 768.80 768.80 178808AF8 0.000 1/26/2026 1/26/2026 9/26/2028 0.00 0.00 768.80 768.80 20033A3A2 0.000 3/16/2026 3/16/2026 4/14/2027 0.00 0.00 504.15 504.15 20033A3A2 0.000 2/17/2026 2/17/2026 4/14/2027 0.00 0.00 558.17 558.17 20033A3A2 0.000 1/14/2026 1/14/2026 4/14/2027 0.00 0.00 558.17 558.17 20786ADL6 0.000 3/24/2026 3/24/2026 9/24/2026 0.00 0.00 152.20 152.20 20786ADL6 0.000 2/24/2026 2/24/2026 9/24/2026 0.00 0.00 168.50 168.50 20786ADL6 0.000 1/26/2026 1/26/2026 9/24/2026 0.00 0.00 168.50 168.50 20825WAR1 0.000 3/31/2026 3/31/2026 12/23/2026 0.00 0.00 264.35 264.35 20825WAR1 0.000 2/28/2026 2/28/2026 12/23/2026 0.00 0.00 238.77 238.77 20825WAR1 0.000 1/31/2026 1/31/2026 12/23/2026 0.00 0.00 264.35 264.35 21923MAB7 0.000 3/30/2026 3/30/2026 10/1/2029 0.00 0.00 754.19 754.19 21923MAB7 0.000 2/28/2026 2/28/2026 10/1/2029 0.00 0.00 729.05 729.05 21923MAB7 0.000 1/30/2026 1/30/2026 10/1/2029 0.00 0.00 779.33 779.33 22258JAB7 0.000 3/30/2026 3/30/2026 9/30/2027 0.00 0.00 896.88 896.88 22258JAB7 0.000 2/28/2026 2/28/2026 9/30/2027 0.00 0.00 866.98 866.98 22258JAB7 0.000 1/30/2026 1/30/2026 9/30/2027 0.00 0.00 926.77 926.77 22282XAD2 0.000 2/6/2026 2/6/2026 8/7/2028 0.00 0.00 2,614.82 2,614.82 22537MAH0 0.000 3/30/2026 3/30/2026 9/29/2028 0.00 0.00 709.35 709.35 22537MAH0 0.000 2/28/2026 2/28/2026 9/29/2028 0.00 0.00 733.81 733.81 22537MAH0 0.000 1/29/2026 1/29/2026 9/29/2028 0.00 0.00 758.27 758.27 23248UAB3 0.000 3/12/2026 3/12/2026 5/12/2028 0.00 0.00 856.11 856.11 23248UAB3 0.000 2/12/2026 2/12/2026 5/12/2028 0.00 0.00 947.84 947.84 23248UAB3 0.000 1/12/2026 1/12/2026 5/12/2028 0.00 0.00 947.84 947.84 25460FDW3 0.000 3/9/2026 3/9/2026 11/8/2027 0.00 0.00 913.18 913.18 25460FDW3 0.000 2/9/2026 2/9/2026 11/8/2027 0.00 0.00 1,011.02 1,011.02 25460FDW3 0.000 1/7/2026 1/7/2026 11/8/2027 0.00 0.00 1,011.02 1,011.02 25844MAK4 0.000 1/2/2026 1/2/2026 12/16/2027 0.00 0.00 2,801.59 2,801.59 27002YHQ2 0.000 3/16/2026 3/16/2026 4/16/2030 0.00 0.00 770.50 98 770.50 Description EagleBank MD 4.05 4/16/2030 EagleBank MD 4.05 4/16/2030 Eaglemark Savings Bank NV 2 3/2/2027 Empower FCU NY 5.25 11/15/2028 Empower ECU NY 5.25 11/15/2028 Empower ECU NY 5.25 11/15/2028 Enterprise Bank PA 4.6 6/7/2029 Enterprise Bank PA 4.6 6/7/2029 Enterprise Bank PA 4.6 6/7/2029 EverBank, NA f/k/a TIAA FSB 0.5 2/12/2026 Evergreen Bank Group IL 3.85 7/27/2026 Evergreen Bank Group IL 3.85 7/27/2026 Evergreen Bank Group IL 3.85 7/27/2026 Fahey Banking Company 4.2 8/30/2027 Fahey Banking Company 4.2 8/30/2027 Fahey Banking Company 4.2 8/30/2027 Farmers & Merchants Bank of Colby 4.4 7/5/2029 Farmers & Merchants Bank of Colby 4.4 7/5/2029 Farmers & Merchants Bank of Colby 4.4 7/5/2029 FFCB 0.71 8/10/2026-23 FFCB 0.8 9/10/2026 FFCB 3.375 9/15/2027 FFCB 3.5 9/10/2029 FFCB 3.75 8/14/2028 FFCB 3.75 8/15/2029 FFCB 3.875 1/18/2029 FFCB 3.875 2/14/2028 FFCB 4 3/18/2030 FFCB 4 9/29/2027 FFCB 4.125 2/13/2029 FFCB 4.25 7/17/2028 FFCB 4.25 8/7/2028 FFCB 4.33 3/18/2030-27 YTM @ Settlement Face CUSIP/Ticker Cost Trade Date Date Maturity Date Amount/Shares Principal 27002YHQ2 0.000 2/17/2026 2/17/2026 4/16/2030 0.00 0.00 27002YHQ2 0.000 1/16/2026 1/16/2026 4/16/2030 0.00 0.00 27004PCM3 0.000 3/2/2026 3/2/2026 3/2/2027 0.00 0.00 291916AJ3 0.000 3/10/2026 3/10/2026 11/15/2028 0.00 0.00 291916AJ3 0.000 2/10/2026 2/10/2026 11/15/2028 0.00 0.00 291916AJ3 0.000 1/12/2026 1/12/2026 11/15/2028 0.00 0.00 29367RND4 0.000 3/9/2026 3/9/2026 6/7/2029 0.00 0.00 29367RND4 0.000 2/9/2026 2/9/2026 6/7/2029 0.00 0.00 29367RND4 0.000 1/7/2026 1/7/2026 6/7/2029 0.00 0.00 87270LDL4 0.000 2/12/2026 2/12/2026 2/12/2026 0.00 0.00 300185LM5 0.000 3/27/2026 3/27/2026 7/27/2026 0.00 0.00 300185LM5 0.000 2/27/2026 2/27/2026 7/27/2026 0.00 0.00 300185LM5 0.000 1/27/2026 1/27/2026 7/27/2026 0.00 0.00 303117DN2 0.000 3/30/2026 3/30/2026 8/30/2027 0.00 0.00 303117DN2 0.000 2/28/2026 2/28/2026 8/30/2027 0.00 0.00 303117DN2 0.000 1/28/2026 1/28/2026 8/30/2027 0.00 0.00 30781JBU3 0.000 3/5/2026 3/5/2026 7/5/2029 0.00 0.00 30781JBU3 0.000 2/5/2026 2/5/2026 7/5/2029 0.00 0.00 30781JBU3 0.000 1/5/2026 1/5/2026 7/5/2029 0.00 0.00 3133EM2C5 0.000 2/10/2026 2/10/2026 8/10/2026 0.00 0.00 3133EM4X7 0.000 3/10/2026 3/10/2026 9/10/2026 0.00 0.00 3133ENL99 0.000 3/16/2026 3/16/2026 9/15/2027 0.00 0.00 3133ERSP7 0.000 3/10/2026 3/10/2026 9/10/2029 0.00 0.00 3133ETTJ6 0.000 2/17/2026 2/17/2026 8/14/2028 0.00 0.00 3133ERPS4 0.000 2/17/2026 2/17/2026 8/15/2029 0.00 0.00 3133EPW84 0.000 1/20/2026 1/20/2026 1/18/2029 0.00 0.00 3133EPAV7 0.000 2/17/2026 2/17/2026 2/14/2028 0.00 0.00 3133ER7L9 0.000 3/18/2026 3/18/2026 3/18/2030 0.00 0.00 3133ENQ29 0.000 3/30/2026 3/30/2026 9/29/2027 0.00 0.00 3133EP3B9 0.000 2/13/2026 2/13/2026 2/13/2029 0.00 0.00 3133EPQD0 0.000 1/20/2026 1/20/2026 7/17/2028 0.00 0.00 3133EPSK2 0.000 2/9/2026 2/9/2026 8/7/2028 0.00 0.00 3133ER7E5 0.000 3/18/2026 3/18/2026 3/18/2030 0.00 0.00 Price Interest/Dividends Total 853.05 853.05 2,429.86 853.05 853.05 2,429.86 994.77 994.77 1,101.35 1,101.35 1,101.35 1,101.35 875.13 875.13 968.90 968.90 968.90 968.90 617.53 617.53 732.45 732.45 810.93 810.93 810.93 810.93 799.04 799.04 884.65 884.65 884.65 884.65 837.08 837.08 926.77 926.77 926.77 926.77 1,775.00 1,775.00 4,000.00 4,000.00 16,875.00 16,875.00 17,500.00 17,500.00 18,750.00 18,750.00 18,750.00 18,750.00 38,750.00 38,750.00 19,375.00 19,375.00 20,000.00 20,000.00 20,000.00 20,000.00 20,625.00 20,625.00 21,250.00 21,250.00 21,250.00 21,250.00 21,650.00 9921,650.00 Description FHLB 0.51 1/14/2026-22 FHLB 0.55 1/29/2026-21 FHLB 1 9/30/2026-22 FHLB 1.5 1/27/2027-23 FHLB 1.83 2/10/2027-23 FHLB 3.5 9/13/2030 FHLB 3.875 3/9/2029 FHLB 4 7/30/2029-27 FHLB 4.125 9/14/2029 FHLB 4.2 3/27/2030-28 FHLB 4.45 2/12/2029-27 FHLB 4.5 2/18/2028-26 FHLB 4.65 1/14/2030-28 FHLB 4.75 9/8/2028 FHLB Step 3/30/2026 FHLMC 0.7 12/30/2026-21 Fidelity Bank LA 0.7 4/30/2026 Fidelity Bank LA 0.7 4/30/2026 Fidelity Bank LA 0.7 4/30/2026 Fieldpoint Private B&T CT 4 9/4/2026 Fieldpoint Private B&T CT 4 9/4/2026 Fieldpoint Private B&T CT 4 9/4/2026 First Bank Elk River MN 4.4 6/30/2028 First Bank Elk River MN 4.4 6/30/2028 First Bank Elk River MN 4.4 6/30/2028 First Federal Savings IN 4.25 7/9/2026 First Federal Savings IN 4.25 7/9/2026 First Federal Savings IN 4.25 7/9/2026 First Nat'l Bank of America MI 3.75 10/30/2028 First Nat'l Bank of America MI 3.75 10/30/2028 First Nat'l Bank of America MI 3.75 10/30/2028 YTM @ Settlement Face CUSIP/Ticker Cost Trade Date Date Maturity Date Amount/Shares Principal Price Interest/Dividends Total 3130AKMZ6 0.000 1/14/2026 1/14/2026 1/14/2026 0.00 0.00 1,275.00 1,275.00 3130AKN28 0.000 1/29/2026 1/29/2026 1/29/2026 0.00 0.00 1,375.00 1,375.00 3130APBM6 0.000 3/30/2026 3/30/2026 9/30/2026 0.00 0.00 5,000.00 5,000.00 3130AQJR5 0.000 1/27/2026 1/27/2026 1/27/2027 0.00 0.00 7,500.00 7,500.00 3130AQSA2 0.000 2/10/2026 2/10/2026 2/10/2027 0.00 0.00 9,150.00 9,150.00 3130AF2S5 0.000 3/13/2026 3/13/2026 9/13/2030 0.00 0.00 17,500.00 17,500.00 3130AUW75 0.000 3/9/2026 3/9/2026 3/9/2029 0.00 0.00 19,375.00 19,375.00 3130B7BU7 0.000 1/30/2026 1/30/2026 7/30/2029 0.00 0.00 20,000.00 20,000.00 3130ATHX8 0.000 3/16/2026 3/16/2026 9/14/2029 0.00 0.00 20,625.00 20,625.00 3130B5K80 0.000 3/27/2026 3/27/2026 3/27/2030 0.00 0.00 21,000.00 21,000.00 3130AYXU5 0.000 2/12/2026 2/12/2026 2/12/2029 0.00 0.00 44,500.00 44,500.00 3130B4YH8 0.000 2/18/2026 2/18/2026 2/18/2028 0.00 0.00 22,500.00 22,500.00 3130B4LS8 0.000 1/14/2026 1/14/2026 1/14/2030 0.00 0.00 23,250.00 23,250.00 3130AXEL8 0.000 3/9/2026 3/9/2026 9/8/2028 0.00 0.00 23,750.00 23,750.00 3130ALV92 0.000 3/30/2026 3/30/2026 3/30/2026 0.00 0.00 2,625.00 2,625.00 3134GWUQ7 0.000 3/30/2026 3/30/2026 12/30/2026 0.00 0.00 3,500.00 3,500.00 31617CAV5 0.000 3/30/2026 3/30/2026 4/30/2026 0.00 0.00 142.68 142.68 31617CAV5 0.000 2/28/2026 2/28/2026 4/30/2026 0.00 0.00 137.93 137.93 31617CAV5 0.000 1/30/2026 1/30/2026 4/30/2026 0.00 0.00 147.44 147.44 31657FBA4 0.000 3/4/2026 3/4/2026 9/4/2026 0.00 0.00 760.99 760.99 31657FBA4 0.000 2/4/2026 2/4/2026 9/4/2026 0.00 0.00 842.52 842.52 31657FBA4 0.000 1/5/2026 1/5/2026 9/4/2026 0.00 0.00 842.52 842.52 31911KAK4 0.000 3/30/2026 3/30/2026 6/30/2028 0.00 0.00 896.88 896.88 31911KAK4 0.000 2/28/2026 2/28/2026 6/30/2028 0.00 0.00 866.98 866.98 31911KAK4 0.000 1/30/2026 1/30/2026 6/30/2028 0.00 0.00 926.77 926.77 32021YEV1 0.000 3/9/2026 3/9/2026 7/9/2026 0.00 0.00 808.55 808.55 32021YEV1 0.000 2/9/2026 2/9/2026 7/9/2026 0.00 0.00 895.18 895.18 32021YEV1 0.000 1/9/2026 1/9/2026 7/9/2026 0.00 0.00 895.18 895.18 32110YQ24 0.000 3/30/2026 3/30/2026 10/30/2028 0.00 0.00 764.38 764.38 32110YQ24 0.000 2/28/2026 2/28/2026 10/30/2028 0.00 0.00 738.90 738.90 32110YQ24 0.000 1/30/2026 1/30/2026 10/30/2028 0.00 0.00 789.86 789.86 100 Description First Service CU f/k/a SPCO TX 4.35 1/20/2028 First Service CU f/k/a SPCO TX 4.35 1/20/2028 First Service CU f/k/a SPCO TX 4.35 1/20/2028 FNMA 4.125 3/12/2030-26 FNMA 4.125 7/16/2030-27 FNMA 4.15 7/28/2028-26 Forbright Bank MD 4.6 11/2/2027 Forbright Bank MD 4.6 11/2/2027 Forbright Bank MD 4.6 11/2/2027 Four Points FCU 4.55 5/11/2026 Four Points FCU 4.55 5/11/2026 Four Points FCU 4.55 5/11/2026 Global FCU f/k/a Alaska USA AK 4.6 3/8/2028 Global FCU f/k/a Alaska USA AK 4.6 3/8/2028 Global FCU f/k/a Alaska USA AK 4.6 3/8/2028 Golden State Bank CA4.45 6/22/2027 Golden State Bank CA4.45 6/22/2027 Golden State Bank CA4.45 6/22/2027 Goldman Sachs Bank USA 1 7/28/2026 Greenstate Credit Union IA 0.95 4/16/2026 Greenstate Credit Union IA 0.95 4/16/2026 Greenstate Credit Union IA 0.95 4/16/2026 Healthcare Systems FCU VA 5.1 10/27/2028 Healthcare Systems FCU VA 5.1 10/27/2028 Healthcare Systems FCU VA 5.1 10/27/2028 Ideal Credit Union MN 4.5 12/29/2027 Ideal Credit Union MN 4.5 12/29/2027 Ideal Credit Union MN 4.5 12/29/2027 YTM @ Settlement Face CUSIP/Ticker Cost Trade Date Date Maturity Date Amount/Shares Principal Price Interest/Dividends Total 78472EAB0 0.000 3/31/2026 3/31/2026 1/20/2028 0.00 0.00 919.94 919.94 78472EAB0 0.000 2/28/2026 2/28/2026 1/20/2028 0.00 0.00 830.91 830.91 78472EAB0 0.000 1/31/2026 1/31/2026 1/20/2028 0.00 0.00 919.94 919.94 3136GACD9 0.000 3/12/2026 3/12/2026 3/12/2030 0.00 0.00 20,625.00 20,625.00 3136GAKH1 0.000 1/16/2026 1/16/2026 7/16/2030 0.00 0.00 20,395.83 20,395.83 3136GAKZ1 0.000 1/28/2026 1/28/2026 7/28/2028 0.00 0.00 20,519.44 20,519.44 34520LAT0 0.000 3/2/2026 3/2/2026 11/2/2027 0.00 0.00 875.13 875.13 34520LAT0 0.000 2/2/2026 2/2/2026 11/2/2027 0.00 0.00 968.90 968.90 34520LAT0 0.000 1/2/2026 1/2/2026 11/2/2027 0.00 0.00 968.90 968.90 35089LAF0 0.000 3/10/2026 3/10/2026 5/11/2026 0.00 0.00 865.62 865.62 35089LAF0 0.000 2/10/2026 2/10/2026 5/11/2026 0.00 0.00 958.37 958.37 35089LAF0 0.000 1/12/2026 1/12/2026 5/11/2026 0.00 0.00 958.37 958.37 011852AE0 0.000 3/9/2026 3/9/2026 3/8/2028 0.00 0.00 875.13 875.13 011852AE0 0.000 2/9/2026 2/9/2026 3/8/2028 0.00 0.00 968.90 968.90 011852AE0 0.000 1/8/2026 1/8/2026 3/8/2028 0.00 0.00 968.90 968.90 38120MCA2 0.000 3/23/2026 3/23/2026 6/22/2027 0.00 0.00 850.01 850.01 38120MCA2 0.000 2/23/2026 2/23/2026 6/22/2027 0.00 0.00 941.08 941.08 38120MCA2 0.000 1/22/2026 1/22/2026 6/22/2027 0.00 0.00 941.08 941.08 38149MXK4 0.000 1/28/2026 1/28/2026 7/28/2026 0.00 0.00 1,250.19 1,250.19 39573LBC1 0.000 3/2/2026 3/2/2026 4/16/2026 0.00 0.00 181.46 181.46 39573LBC1 0.000 2/2/2026 2/2/2026 4/16/2026 0.00 0.00 200.91 200.91 39573LBC1 0.000 1/2/2026 1/2/2026 4/16/2026 0.00 0.00 200.91 200.91 42228LAN1 0.000 3/27/2026 3/27/2026 10/27/2028 0.00 0.00 970.26 970.26 42228LAN1 0.000 2/27/2026 2/27/2026 10/27/2028 0.00 0.00 1,074.21 1,074.21 42228LAN1 0.000 1/27/2026 1/27/2026 10/27/2028 0.00 0.00 1,074.21 1,074.21 45157PAZ3 0.000 3/2/2026 3/2/2026 12/29/2027 0.00 0.00 856.11 856.11 45157PAZ3 0.000 2/2/2026 2/2/2026 12/29/2027 0.00 0.00 947.84 947.84 45157PAZ3 0.000 1/2/2026 1/2/2026 12/29/2027 0.00 0.00 947.84 947.84 101 Description CUSIP/Ticker YTM @ Settlement Face Cost Trade Date Date Maturity Date Amount/Shares Principal Price Interest/Dividends Total Inst. for Savings Newburyport MA 3.65 10/28/2030 Inst. for Savings Newburyport MA 3.65 10/28/2030 Inst. for Savings Newburyport MA 3.65 10/28/2030 International Finance Corp 0.5 2/26/2026 Jeep Country FCU OH 4.7 6/29/2027 Jeep Country FCU OH 4.7 6/29/2027 Jeep Country FCU OH 4.7 6/29/2027 Knoxville TVA Employees Credit Union 4.85 8/25/202 Knoxville TVA Employees Credit Union 4.85 8/25/202 Knoxville TVA Employees Credit Union 4.85 8/25/202 Lafayette FCU MD 4.1 3/28/2029 Lafayette FCU MD 4.1 3/28/2029 Lafayette FCU MD 4.1 3/28/2029 LAIF I City LGIP LAIF I City LGIP LAIF I City LGIP LAIF I Housing LGIP LAIF I Housing LGIP LAIF I Housing LGIP Latino Community Credit Union NC 4.5 12/21/2027 Latino Community Credit Union NC 4.5 12/21/2027 Latino Community Credit Union NC 4.5 12/21/2027 Leaders Credit Union TN 5.1 10/30/2028 Leaders Credit Union TN 5.1 10/30/2028 Leaders Credit Union TN 5.1 10/30/2028 Legacy Bank & Trust Co. MO 4.5 9/27/2028 Legacy Bank & Trust Co. MO 4.5 9/27/2028 Legacy Bank & Trust Co. MO 4.5 9/27/2028 45780PDK8 45780PDK8 45780PDK8 45950VPS9 472312AA5 472312AA5 472312AA5 499724AP7 499724AP7 499724AP7 50625LCA9 50625LCA9 50625LCA9 CITYLAIF3434 CITYLAIF3434 CITYLAIF3434 HOUSINGLAIF3005 HOUSINGLAIF3005 HOUSINGLAIF3005 51828MAC8 51828MAC8 51828MAC8 52171 MAM7 52171 MAM7 52171 MAM7 52470QEC4 52470QEC4 52470QEC4 0.000 3/30/2026 3/30/2026 10/28/2030 0.00 0.00 0.000 2/28/2026 2/28/2026 10/28/2030 0.00 0.00 0.000 1/28/2026 1/28/2026 10/28/2030 0.00 0.00 0.000 2/26/2026 2/26/2026 2/26/2026 0.00 0.00 0.000 3/30/2026 3/30/2026 6/29/2027 0.00 0.00 0.000 2/28/2026 2/28/2026 6/29/2027 0.00 0.00 0.000 1/29/2026 1/29/2026 6/29/2027 0.00 0.00 0.000 3/2/2026 3/2/2026 8/25/2028 0.00 0.00 0.000 2/2/2026 2/2/2026 8/25/2028 0.00 0.00 0.000 1/2/2026 1/2/2026 8/25/2028 0.00 0.00 0.000 3/30/2026 3/30/2026 3/28/2029 0.00 0.00 0.000 2/28/2026 2/28/2026 3/28/2029 0.00 0.00 0.000 1/28/2026 1/28/2026 3/28/2029 0.00 0.00 0.000 3/31/2026 3/31/2026 N/A 0.00 0.00 0.000 2/28/2026 2/28/2026 N/A 0.00 0.00 0.000 1/31/2026 1/31/2026 N/A 0.00 0.00 0.000 3/31/2026 3/31/2026 N/A 0.00 0.00 0.000 2/28/2026 2/28/2026 N/A 0.00 0.00 0.000 1/31/2026 1/31/2026 N/A 0.00 0.00 0.000 3/23/2026 3/23/2026 12/21/2027 0.00 0.00 0.000 2/23/2026 2/23/2026 12/21/2027 0.00 0.00 0.000 1/21/2026 1/21/2026 12/21/2027 0.00 0.00 0.000 3/30/2026 3/30/2026 10/30/2028 0.00 0.00 0.000 2/28/2026 2/28/2026 10/30/2028 0.00 0.00 0.000 1/30/2026 1/30/2026 10/30/2028 0.00 0.00 0.000 3/27/2026 3/27/2026 9/27/2028 0.00 0.00 0.000 2/27/2026 2/27/2026 9/27/2028 0.00 0.00 0.000 1/27/2026 1/27/2026 9/27/2028 0.00 0.00 694.40 768.80 768.80 1,250.00 926.09 958.03 989.96 922.70 1,021.56 1,021.56 694.40 768.80 768.80 1,250.00 926.09 958.03 989.96 922.70 1,021.56 1,021.56 780.01 780.01 863.58 863.58 863.58 863.58 129, 067.05 129, 067.05 129, 067.05 129, 067.05 129, 067.04 129, 067.04 7,514.03 7,514.03 7,514.02 7,514.02 7,514.02 7,514.02 856.11 947.84 947.84 1,039.56 1,004.91 1,074.21 856.11 947.84 856.11 947.84 947.84 1,039.56 1,004.91 1,074.21 856.11 947.84 947.84 102 947.84 Description Legends Bank TN 3.75 9/11/2028 Legends Bank TN 3.75 9/11/2028 Legends Bank TN 3.75 9/11/2028 Liberty First Credit Union NE 4.5 2/22/2028 Liberty First Credit Union NE 4.5 2/22/2028 Liberty First Credit Union NE 4.5 2/22/2028 Maine Community Bank 3.75 8/30/2027 Maine Community Bank 3.75 8/30/2027 Maine Community Bank 3.75 8/30/2027 Maine Savings FCU 4.8 7/21/2028 Maine Savings FCU 4.8 7/21/2028 Maine Savings FCU 4.8 7/21/2028 Malaga Bank, FSB CA 3.6 10/24/2030 Malaga Bank, FSB CA 3.6 10/24/2030 Malaga Bank, FSB CA 3.6 10/24/2030 Marathon Bank WI 1.8 3/16/2027 Marathon Bank WI 1.8 3/16/2027 Marathon Bank WI 1.8 3/16/2027 Marine FCU NC 4 8/31/2026 Marine FCU NC 4 8/31/2026 Marine FCU NC 4 8/31/2026 Medallion Bank UT 4.85 10/20/2028 Medallion Bank UT 4.85 10/20/2028 Medallion Bank UT 4.85 10/20/2028 Merrick Bank UT 1.1 11/9/2026 Merrick Bank UT 1.1 11/9/2026 Merrick Bank UT 1.1 11/9/2026 Metro Credit Union MA 1.7 2/18/2027 Metro Credit Union MA 1.7 2/18/2027 Metro Credit Union MA 1.7 2/18/2027 Mid Carolina Credit Union SC 4.85 3/13/2026 CUSIP/Ticker 52465JKL0 52465JKL0 52465JKL0 530520AH8 530520AH8 530520AH8 560390DC7 560390DC7 560390DC7 560507AQ8 560507AQ8 560507AQ8 56102ACC8 56102ACC8 56102ACC8 565819AG4 565819AG4 565819AG4 56824JBC7 56824JBC7 56824JBC7 58404DTP6 58404DTP6 58404DTP6 59013KPN0 59013KPN0 59013KPN0 59161YAP1 59161YAP1 59161YAP1 59524LAA4 YTM @ Settlement Face Cost Trade Date Date Maturity Date Amount/Shares Principal 0.000 3/11/2026 3/11/2026 9/11/2028 0.00 0.00 0.000 2/11/2026 2/11/2026 9/11/2028 0.00 0.00 0.000 1/12/2026 1/12/2026 9/11/2028 0.00 0.00 0.000 3/2/2026 3/2/2026 2/22/2028 0.00 0.00 0.000 2/2/2026 2/2/2026 2/22/2028 0.00 0.00 0.000 1/2/2026 1/2/2026 2/22/2028 0.00 0.00 0.000 3/30/2026 3/30/2026 8/30/2027 0.00 0.00 0.000 2/28/2026 2/28/2026 8/30/2027 0.00 0.00 0.000 1/30/2026 1/30/2026 8/30/2027 0.00 0.00 0.000 3/23/2026 3/23/2026 7/21/2028 0.00 0.00 0.000 2/23/2026 2/23/2026 7/21/2028 0.00 0.00 0.000 1/21/2026 1/21/2026 7/21/2028 0.00 0.00 0.000 3/24/2026 3/24/2026 10/24/2030 0.00 0.00 0.000 2/24/2026 2/24/2026 10/24/2030 0.00 0.00 0.000 1/26/2026 1/26/2026 10/24/2030 0.00 0.00 0.000 3/16/2026 3/16/2026 3/16/2027 0.00 0.00 0.000 2/17/2026 2/17/2026 3/16/2027 0.00 0.00 0.000 1/16/2026 1/16/2026 3/16/2027 0.00 0.00 0.000 3/30/2026 3/30/2026 8/31/2026 0.00 0.00 0.000 2/28/2026 2/28/2026 8/31/2026 0.00 0.00 0.000 1/30/2026 1/30/2026 8/31/2026 0.00 0.00 0.000 3/20/2026 3/20/2026 10/20/2028 0.00 0.00 0.000 2/20/2026 2/20/2026 10/20/2028 0.00 0.00 0.000 1/20/2026 1/20/2026 10/20/2028 0.00 0.00 0.000 3/9/2026 3/9/2026 11/9/2026 0.00 0.00 0.000 2/9/2026 2/9/2026 11/9/2026 0.00 0.00 0.000 1/9/2026 1/9/2026 11/9/2026 0.00 0.00 0.000 3/2/2026 3/2/2026 2/18/2027 0.00 0.00 0.000 2/2/2026 2/2/2026 2/18/2027 0.00 0.00 0.000 1/2/2026 1/2/2026 2/18/2027 0.00 0.00 0.000 3/13/2026 3/13/2026 3/13/2026 0.00 0.00 Price Interest/Dividends Total 713.42 713.42 789.86 789.86 789.86 789.86 856.11 856.11 947.84 947.84 947.84 947.84 764.38 764.38 738.90 738.90 789.86 789.86 913.18 913.18 1,011.02 1,011.02 1,011.02 1,011.02 684.89 684.89 758.27 758.27 758.27 758.27 342.44 342.44 379.13 379.13 379.13 379.13 815.34 815.34 788.16 788.16 842.52 842.52 922.70 922.70 1,021.56 1,021.56 1,021.56 1,021.56 210.12 210.12 232.63 232.63 232.63 232.63 324.72 324.72 359.52 359.52 359.52 359.52 922.70 922.70 103 Description Mid Carolina Credit Union SC 4.85 3/13/2026 Mid Carolina Credit Union SC 4.85 3/13/2026 Minnwest Bank MN 4.25 5/3/2027 Minnwest Bank MN 4.25 5/3/2027 Minnwest Bank MN 4.25 5/3/2027 Money One FCU MD 5 9/14/2028 Money One FCU MD 5 9/14/2028 Money One FCU MD 5 9/14/2028 Morgan Stanley Bank, NA4.25 3/5/2030 Morgan Stanley Private Bank 4.25 3/5/2030 Mountain American FCU 4.7 4/28/2026 Mountain American FCU 4.7 4/28/2026 Mountain American FCU 4.7 4/28/2026 MVB Bank, Inc. WV 4.05 2/1/2028 MVB Bank, Inc. VW 4.05 2/1/2028 MVB Bank, Inc. VW 4.05 2/1/2028 Nelnet Bank UT 1.8 3/2/2026 Northpointe Bank MI 4.85 10/20/2028 Northpointe Bank MI 4.85 10/20/2028 Northpointe Bank MI 4.85 10/20/2028 Numerica CU 4.15 11/26/2029 Numerica CU 4.15 11/26/2029 Numerica CU 4.15 11/26/2029 Oklahoma Educators CU 3.65 10/4/2027 Oklahoma Educators CU 3.65 10/4/2027 Oklahoma Educators CU 3.65 10/4/2027 Oregon Community Credit Union 4.85 6/7/2027 Oregon Community Credit Union 4.85 6/7/2027 Oregon Community Credit Union 4.85 6/7/2027 YTM @ Settlement Face CUSIP/Ticker Cost Trade Date Date Maturity Date Amount/Shares Principal Price Interest/Dividends Total 59524LAA4 0.000 2/13/2026 2/13/2026 3/13/2026 0.00 0.00 1,021.56 1,021.56 59524LAA4 0.000 1/13/2026 1/13/2026 3/13/2026 0.00 0.00 1,021.56 1,021.56 60425SKB4 0.000 3/2/2026 3/2/2026 5/3/2027 0.00 0.00 808.55 808.55 60425SKB4 0.000 2/2/2026 2/2/2026 5/3/2027 0.00 0.00 895.18 895.18 60425SKB4 0.000 1/2/2026 1/2/2026 5/3/2027 0.00 0.00 895.18 895.18 60936TAL3 0.000 3/16/2026 3/16/2026 9/14/2028 0.00 0.00 951.23 951.23 60936TAL3 0.000 2/17/2026 2/17/2026 9/14/2028 0.00 0.00 1,053.15 1,053.15 60936TAL3 0.000 1/14/2026 1/14/2026 9/14/2028 0.00 0.00 1,053.15 1,053.15 61690DT40 0.000 3/5/2026 3/5/2026 3/5/2030 0.00 0.00 5,142.38 5,142.38 61776NMT7 0.000 3/5/2026 3/5/2026 3/5/2030 0.00 0.00 5,142.38 5,142.38 62384RAT3 0.000 3/2/2026 3/2/2026 4/28/2026 0.00 0.00 894.16 894.16 62384RAT3 0.000 2/2/2026 2/2/2026 4/28/2026 0.00 0.00 989.96 989.96 62384RAT3 0.000 1/2/2026 1/2/2026 4/28/2026 0.00 0.00 989.96 989.96 62847NEP7 0.000 3/2/2026 3/2/2026 2/1/2028 0.00 0.00 770.50 770.50 62847NEP7 0.000 2/2/2026 2/2/2026 2/1/2028 0.00 0.00 853.05 853.05 62847NEP7 0.000 1/2/2026 1/2/2026 2/1/2028 0.00 0.00 853.05 853.05 64034KAZ4 0.000 3/2/2026 3/2/2026 3/2/2026 0.00 0.00 2,186.88 2,186.88 666613MK7 0.000 3/20/2026 3/20/2026 10/20/2028 0.00 0.00 922.70 922.70 666613MK7 0.000 2/20/2026 2/20/2026 10/20/2028 0.00 0.00 1,021.56 1,021.56 666613MK7 0.000 1/20/2026 1/20/2026 10/20/2028 0.00 0.00 1,021.56 1,021.56 67054NBT9 0.000 3/26/2026 3/26/2026 11/26/2029 0.00 0.00 789.52 789.52 67054NBT9 0.000 2/26/2026 2/26/2026 11/26/2029 0.00 0.00 874.12 874.12 67054NBT9 0.000 1/26/2026 1/26/2026 11/26/2029 0.00 0.00 874.12 874.12 67885MAE0 0.000 3/3/2026 3/3/2026 10/4/2027 0.00 0.00 694.40 694.40 67885MAE0 0.000 2/3/2026 2/3/2026 10/4/2027 0.00 0.00 768.80 768.80 67885MAE0 0.000 1/5/2026 1/5/2026 10/4/2027 0.00 0.00 768.80 768.80 68584JAT6 0.000 3/9/2026 3/9/2026 6/7/2027 0.00 0.00 922.70 922.70 68584JAT6 0.000 2/9/2026 2/9/2026 6/7/2027 0.00 0.00 1,021.56 1,021.56 68584JAT6 0.000 1/7/2026 1/7/2026 6/7/2027 0.00 0.00 1,021.56 1,021.56 104 YTM @ Settlement Face Description CUSIP/Ticker Cost Trade Date Date Maturity Date Amount/Shares Principal Price Interest/Dividends Total Pacific Crest Savings Bank WA 3.9 69417ADA4 0.000 3/16/2026 3/16/2026 8/16/2029 0.00 0.00 741.96 741.96 8/16/2029 Pacific Crest Savings Bank WA 3.9 69417ADA4 0.000 2/17/2026 2/17/2026 8/16/2029 0.00 0.00 821.46 821.46 8/16/2029 Pacific Crest Savings Bank WA 3.9 69417ADA4 0.000 1/16/2026 1/16/2026 8/16/2029 0.00 0.00 821.46 821.46 8/16/2029 Parkside Financial B&T MO 3.75 70147AGA6 0.000 3/13/2026 3/13/2026 9/13/2028 0.00 0.00 713.42 713.42 9/13/2028 Parkside Financial B&T MO 3.75 70147AGA6 0.000 2/13/2026 2/13/2026 9/13/2028 0.00 0.00 789.86 789.86 9/13/2028 Parkside Financial B&T MO 3.75 70147AGA6 0.000 1/13/2026 1/13/2026 9/13/2028 0.00 0.00 789.86 789.86 9/13/2028 Partners Bank of California 4.15 70212YBY7 0.000 2/27/2026 2/27/2026 8/27/2027 0.00 0.00 5,104.61 5,104.61 8/27/2027 Peoples Exchange Bank KY 4.15 71104AAS2 0.000 3/9/2026 3/9/2026 8/9/2027 0.00 0.00 789.52 789.52 8/9/2027 Peoples Exchange Bank KY 4.15 71104AAS2 0.000 2/9/2026 2/9/2026 8/9/2027 0.00 0.00 874.12 874.12 8/9/2027 Peoples Exchange Bank KY 4.15 71104AAS2 0.000 1/9/2026 1/9/2026 8/9/2027 0.00 0.00 874.12 874.12 8/9/2027 Ponce Bank NY 3.5 9/15/2027 732329BD8 0.000 3/16/2026 3/16/2026 9/15/2027 0.00 0.00 665.86 665.86 Ponce Bank NY 3.5 9/15/2027 732329BD8 0.000 2/17/2026 2/17/2026 9/15/2027 0.00 0.00 737.21 737.21 Ponce Bank NY 3.5 9/15/2027 732329BD8 0.000 1/15/2026 1/15/2026 9/15/2027 0.00 0.00 737.21 737.21 Prevail Bank WI 4.25 1/24/2028 887171AB2 0.000 3/24/2026 3/24/2026 1/24/2028 0.00 0.00 811.81 811.81 Prevail Bank WI 4.25 1/24/2028 887171AB2 0.000 2/24/2026 2/24/2026 1/24/2028 0.00 0.00 898.79 898.79 Prevail Bank WI 4.25 1/24/2028 887171AB2 0.000 1/26/2026 1/26/2026 1/24/2028 0.00 0.00 898.79 898.79 RiverWood Bank MN 3.85 76951DBZ2 0.000 3/11/2026 3/11/2026 3/11/2027 0.00 0.00 732.45 732.45 3/11/2027 RiverWood Bank MN 3.85 76951DBZ2 0.000 2/11/2026 2/11/2026 3/11/2027 0.00 0.00 810.93 810.93 3/11/2027 RiverWood Bank MN 3.85 76951DBZ2 0.000 1/12/2026 1/12/2026 3/11/2027 0.00 0.00 810.93 810.93 3/11/2027 Rize FCU f/k/a SCE CA 4.7 78413RAV9 0.000 3/20/2026 3/20/2026 6/20/2029 0.00 0.00 894.16 894.16 6/20/2029 Rize FCU f/k/a SCE CA 4.7 78413RAV9 0.000 2/20/2026 2/20/2026 6/20/2029 0.00 0.00 989.96 989.96 6/20/2029 Rize FCU f/k/a SCE CA 4.7 78413RAV9 0.000 1/20/2026 1/20/2026 6/20/2029 0.00 0.00 989.96 989.96 6/20/2029 Rockland FCU MA 4.6 12/22/2026 77357DAD0 0.000 3/23/2026 3/23/2026 12/22/2026 0.00 0.00 875.13 875.13 Rockland FCU MA 4.6 12/22/2026 77357DAD0 0.000 2/23/2026 2/23/2026 12/22/2026 0.00 0.00 968.90 968.90 Rockland FCU MA 4.6 12/22/2026 77357DAD0 0.000 1/22/2026 1/22/2026 12/22/2026 0.00 0.00 968.90 968.90 Safra Nat'l Bank NY f/k/a/ Delta 24773RCR4 0.000 3/9/2026 3/9/2026 2/25/2027 0.00 0.00 2,429.86 2,429.86 Nat'l 2 2 San Francisco FCU CA4.35 79772FAG1 0.000 3/3/2026 3/3/2026 2/3/2028 0.00 0.00 827.57 827.57 2/3/2028 San Francisco FCU CA4.35 79772FAG1 0.000 2/3/2026 2/3/2026 2/3/2028 0.00 0.00 916.24 916.24 2/3/2028 105 Description CUSIP/Ticker YTM @ Settlement Face Cost Trade Date Date Maturity Date Amount/Shares Principal Price Interest/Dividends Total San Francisco FCU CA4.35 2/3/2028 Signature FCU VA4.4 1/31/2028 Signature FCU VA4.4 1/31/2028 Signature FCU VA4.4 1/31/2028 Simmons Bank f/k/a Landmark Comm. 0.5 1/22/2026 SkyOne FCU CA 3.9 10/25/2028 SkyOne FCU CA 3.9 10/25/2028 SkyOne FCU CA 3.9 10/25/2028 SNB Bank, NA OK 4.1 8/14/2028 SNB Bank, NA OK 4.1 8/14/2028 SNB Bank, NA OK 4.1 8/14/2028 Sound Credit Union WA4.15 6/2/2028 Sound Credit Union WA4.15 6/2/2028 Sound Credit Union WA4.15 6/2/2028 Southern Bank GA 4.25 1/28/2026 Southern Bank MO 4.2 5/17/2028 Southern Bank MO 4.2 5/17/2028 Southern Bank MO 4.2 5/17/2028 Southern Bank of TN 4.35 7/12/2029 Southern Bank of TN 4.35 7/12/2029 Southern Bank of TN 4.35 7/12/2029 Southern States Bank 4.15 9/21/2026 Southern States Bank 4.15 9/21/2026 Southern States Bank 4.15 9/21/2026 Spring Bank NY 3.7 8/27/2030 St. Vincent's Medical Center FCU 4.6 6/16/2027 St. Vincent's Medical Center FCU 4.6 6/16/2027 St. Vincent's Medical Center FCU 4.6 6/16/2027 Stearns Bank, NA MN 4.2 8/9/2027 Sunwest Bank 3.55 9/28/2029 Sunwest Bank 3.55 9/28/2029 79772FAG1 82671 DAB3 82671 DAB3 82671 DAB3 51507LCC6 83088XAR9 83088XAR9 83088XAR9 78470MBS6 78470MBS6 78470MBS6 83616HAH7 83616HAH7 83616HAH7 84229LBA9 843383CS7 843383CS7 843383CS7 84229QAC5 84229QAC5 84229QAC5 843879GS0 843879GS0 843879GS0 849430DM2 85279AAC6 85279AAC6 85279AAC6 857894Q51 86804DDG0 86804DDG0 0.000 1/5/2026 1/5/2026 2/3/2028 0.00 0.00 0.000 3/31/2026 3/31/2026 1/31/2028 0.00 0.00 0.000 2/28/2026 2/28/2026 1/31/2028 0.00 0.00 0.000 1/31/2026 1/31/2026 1/31/2028 0.00 0.00 0.000 1/22/2026 1/22/2026 1/22/2026 0.00 0.00 0.000 3/25/2026 3/25/2026 10/25/2028 0.00 0.00 0.000 2/25/2026 2/25/2026 10/25/2028 0.00 0.00 0.000 1/26/2026 1/26/2026 10/25/2028 0.00 0.00 0.000 3/16/2026 3/16/2026 8/14/2028 0.00 0.00 0.000 2/17/2026 2/17/2026 8/14/2028 0.00 0.00 0.000 1/14/2026 1/14/2026 8/14/2028 0.00 0.00 0.000 3/2/2026 3/2/2026 6/2/2028 0.00 0.00 0.000 2/2/2026 2/2/2026 6/2/2028 0.00 0.00 0.000 1/2/2026 1/2/2026 6/2/2028 0.00 0.00 0.000 1/28/2026 1/28/2026 1/28/2026 0.00 0.00 0.000 3/17/2026 3/17/2026 5/17/2028 0.00 0.00 0.000 2/17/2026 2/17/2026 5/17/2028 0.00 0.00 0.000 1/20/2026 1/20/2026 5/17/2028 0.00 0.00 0.000 3/12/2026 3/12/2026 7/12/2029 0.00 0.00 0.000 2/12/2026 2/12/2026 7/12/2029 0.00 0.00 0.000 1/12/2026 1/12/2026 7/12/2029 0.00 0.00 0.000 3/23/2026 3/23/2026 9/21/2026 0.00 0.00 0.000 2/23/2026 2/23/2026 9/21/2026 0.00 0.00 0.000 1/21/2026 1/21/2026 9/21/2026 0.00 0.00 0.000 3/27/2026 3/27/2026 8/27/2030 0.00 0.00 0.000 3/16/2026 3/16/2026 6/16/2027 0.00 0.00 0.000 2/17/2026 2/17/2026 6/16/2027 0.00 0.00 0.000 1/16/2026 1/16/2026 6/16/2027 0.00 0.00 0.000 2/9/2026 2/9/2026 8/9/2027 0.00 0.00 0.000 3/30/2026 3/30/2026 9/28/2029 0.00 0.00 0.000 2/28/2026 2/28/2026 9/28/2029 0.00 0.00 916.24 916.24 926.77 926.77 837.08 837.08 926.77 926.77 105.32 105.32 741.96 741.96 821.46 821.46 821.46 821.46 780.01 780.01 863.58 863.58 863.58 863.58 789.52 789.52 874.12 874.12 874.12 874.12 2,613.81 2,613.81 799.04 799.04 884.65 884.65 884.65 884.65 827.57 827.57 916.24 916.24 916.24 916.24 789.52 789.52 874.12 874.12 874.12 874.12 703.91 703.91 875.13 875.13 968.90 968.90 968.90 968.90 5,166.12 5,166.12 723.62 723.62 699.50 106 699.50 Description Sunwest Bank 3.55 9/28/2029 Synchrony Bank 0.9 9/3/2026 Technology Credit Union CA 5 5/29/2026 Technology Credit Union CA 5 5/29/2026 Technology Credit Union CA 5 5/29/2026 Texas Exchange Bank 3.7 9/6/2029 Texas Exchange Bank 3.7 9/6/2029 Texas Exchange Bank 3.7 9/6/2029 The Genoa Banking Co. 4.6 11/28/2028 The Genoa Banking Co. 4.6 11/28/2028 The Genoa Banking Co. 4.6 11/28/2028 The Greenwood's State Bank WI 3.05 5/17/2027 The Greenwood's State Bank WI 3.05 5/17/2027 The Greenwood's State Bank WI 3.05 5/17/2027 Third Federal Savings & Loan 3.3 8/19/2027 T-Note 0.375 1/31/2026 T-Note 0.5 2/28/2026 T-Note 0.625 7/31/2026 T-Note 0.75 3/31/2026 T-Note 0.75 8/31/2026 T-Note 1.5 1/31/2027 T-Note 1.875 7/31/2026 T-Note 2.25 8/15/2027 T-Note 2.5 3/31/2027 T-Note 2.625 2/15/2029 T-Note 2.75 7/31/2027 T-Note 3.125 8/31/2027 T-Note 3.5 1/31/2028 T-Note 3.5 1/31/2030 T-Note 3.5 9/30/2029 T-Note 3.625 3/31/2028 T-Note 3.625 8/31/2029 T-Note 3.625 8/31/2030 CUSIP/Ticker 86804DDG0 87165ET98 87868YAQ6 87868YAQ6 87868YAQ6 88241 TSW1 88241 TSW1 88241 TSW1 372348DJ8 372348DJ8 372348DJ8 397417AQ9 397417AQ9 397417AQ9 88413QDN5 91282CBH3 91282CBQ3 91282CCP4 91282CBT7 91282CCW9 912828Z78 912828Y95 9128282R0 91282CEF4 912828661 91282CFB2 91282CFH9 91282CGH8 91282CGJ4 91282CLN9 91282CGT2 91282CLK5 91282CNX5 YTM @ Settlement Face Cost Trade Date Date Maturity Date Amount/Shares Principal 0.000 1/30/2026 1/30/2026 9/28/2029 0.00 0.00 0.000 3/3/2026 3/3/2026 9/3/2026 0.00 0.00 0.000 3/2/2026 3/2/2026 5/29/2026 0.00 0.00 0.000 2/2/2026 2/2/2026 5/29/2026 0.00 0.00 0.000 1/2/2026 1/2/2026 5/29/2026 0.00 0.00 0.000 3/6/2026 3/6/2026 9/6/2029 0.00 0.00 0.000 2/6/2026 2/6/2026 9/6/2029 0.00 0.00 0.000 1/6/2026 1/6/2026 9/6/2029 0.00 0.00 0.000 3/30/2026 3/30/2026 11/28/2028 0.00 0.00 0.000 2/28/2026 2/28/2026 11/28/2028 0.00 0.00 0.000 1/28/2026 1/28/2026 11/28/2028 0.00 0.00 0.000 3/17/2026 3/17/2026 5/17/2027 0.00 0.00 0.000 2/17/2026 2/17/2026 5/17/2027 0.00 0.00 0.000 1/20/2026 1/20/2026 5/17/2027 0.00 0.00 0.000 2/19/2026 2/19/2026 8/19/2027 0.00 0.00 0.000 1/31/2026 1/31/2026 1/31/2026 0.00 0.00 0.000 2/28/2026 2/28/2026 2/28/2026 0.00 0.00 0.000 1/31/2026 1/31/2026 7/31/2026 0.00 0.00 0.000 3/31/2026 3/31/2026 3/31/2026 0.00 0.00 0.000 2/28/2026 2/28/2026 8/31/2026 0.00 0.00 0.000 1/31/2026 1/31/2026 1/31/2027 0.00 0.00 0.000 1/31/2026 1/31/2026 7/31/2026 0.00 0.00 0.000 2/17/2026 2/17/2026 8/15/2027 0.00 0.00 0.000 3/31/2026 3/31/2026 3/31/2027 0.00 0.00 0.000 2/17/2026 2/17/2026 2/15/2029 0.00 0.00 0.000 1/31/2026 1/31/2026 7/31/2027 0.00 0.00 0.000 2/28/2026 2/28/2026 8/31/2027 0.00 0.00 0.000 1/31/2026 1/31/2026 1/31/2028 0.00 0.00 0.000 1/31/2026 1/31/2026 1/31/2030 0.00 0.00 0.000 3/31/2026 3/31/2026 9/30/2029 0.00 0.00 0.000 3/31/2026 3/31/2026 3/31/2028 0.00 0.00 0.000 2/28/2026 2/28/2026 8/31/2029 0.00 0.00 0.000 2/28/2026 2/28/2026 8/31/2030 0.00 0.00 Price Interest/Dividends Total 747.74 747.74 1,093.44 1,093.44 951.23 951.23 1,053.15 1,053.15 1,053.15 1,053.15 703.91 703.91 779.33 779.33 779.33 779.33 875.13 875.13 968.90 968.90 968.90 968.90 580.25 580.25 642.42 642.42 642.42 642.42 4,075.73 4,075.73 937.50 937.50 3,125.00 3,125.00 3,125.00 3,125.00 3,750.00 3,750.00 5,625.00 5,625.00 7,500.00 7,500.00 9,375.00 9,375.00 11,250.00 11,250.00 12,500.00 12,500.00 13,125.00 13,125.00 27,500.00 27,500.00 7,812.50 7,812.50 35,000.00 35,000.00 17,500.00 17,500.00 17,500.00 17,500.00 54,375.00 54,375.00 36,250.00 36,250.00 36,250.00 36,250.00 107 YTM @ Settlement Face Description CUSIP/Ticker Cost Trade Date Date Maturity Date Amount/Shares Principal Price Interest/Dividends Total T-Note 3.625 9/30/2030 91282CPA3 0.000 3/31/2026 3/31/2026 9/30/2030 0.00 0.00 36,250.00 36,250.00 T-Note 3.875 7/15/2028 91282CNM9 0.000 1/15/2026 1/15/2026 7/15/2028 0.00 0.00 19,375.00 19,375.00 T-Note 3.875 7/31/2030 91282CNN7 0.000 1/31/2026 1/31/2026 7/31/2030 0.00 0.00 19, 375.00 19,375.00 T-Note 3.875 9/30/2029 91282CFL0 0.000 3/31/2026 3/31/2026 9/30/2029 0.00 0.00 19,375.00 19,375.00 T-Note 4 1/15/2027 91282CJT9 0.000 1/15/2026 1/15/2026 1/15/2027 0.00 0.00 20,000.00 20,000.00 T-Note 4 2/28/2030 91282CGQ8 0.000 2/28/2026 2/28/2026 2/28/2030 0.00 0.00 40,000.00 40,000.00 T-Note 4 3/31/2030 91282CMU2 0.000 3/31/2026 3/31/2026 3/31/2030 0.00 0.00 20,000.00 20,000.00 T-Note 4 7/31/2029 91282CLC3 0.000 1/31/2026 1/31/2026 7/31/2029 0.00 0.00 20,000.00 20,000.00 T-Note 4 7/31/2030 91282CHR5 0.000 1/31/2026 1/31/2026 7/31/2030 0.00 0.00 20,000.00 20,000.00 T-Note 4.125 3/31/2029 91282CKG5 0.000 3/31/2026 3/31/2026 3/31/2029 0.00 0.00 20,625.00 20,625.00 T-Note 4.125 3/31/2031 91282CKF7 0.000 3/31/2026 3/31/2026 3/31/2031 0.00 0.00 20,625.00 20,625.00 T-Note 4.125 9/30/2027 91282CFM8 0.000 3/31/2026 3/31/2026 9/30/2027 0.00 0.00 20,625.00 20,625.00 T-Note 4.25 1/31/2026 91282CJV4 0.000 1/31/2026 1/31/2026 1/31/2026 0.00 0.00 21,250.00 21,250.00 T-Note 4.25 1/31/2030 91282CMG3 0.000 1/31/2026 1/31/2026 1/31/2030 0.00 0.00 21,250.00 21,250.00 True Sky FCU 1.6 2/4/2027 89786MAF1 0.000 2/4/2026 2/4/2026 2/4/2027 0.00 0.00 1,976.11 1,976.11 Truliant FCU NC 4.7 9/10/2027 89789AAG2 0.000 3/10/2026 3/10/2026 9/10/2027 0.00 0.00 894.16 894.16 Truliant FCU NC 4.7 9/10/2027 89789AAG2 0.000 2/10/2026 2/10/2026 9/10/2027 0.00 0.00 989.96 989.96 Truliant FCU NC 4.7 9/10/2027 89789AAG2 0.000 1/12/2026 1/12/2026 9/10/2027 0.00 0.00 989.96 989.96 Tuscon FCU AZ 5 9/8/2028 898812AC6 0.000 3/9/2026 3/9/2026 9/8/2028 0.00 0.00 951.23 951.23 Tuscon FCU AZ 5 9/8/2028 898812AC6 0.000 2/9/2026 2/9/2026 9/8/2028 0.00 0.00 1,053.15 1,053.15 Tuscon FCU AZ 5 9/8/2028 898812AC6 0.000 1/8/2026 1/8/2026 9/8/2028 0.00 0.00 1,053.15 1,053.15 UBS Bank USA UT 4.9 10/25/2028 90355GHG4 0.000 3/25/2026 3/25/2026 10/25/2028 0.00 0.00 932.21 932.21 UBS Bank USA UT 4.9 10/25/2028 90355GHG4 0.000 2/25/2026 2/25/2026 10/25/2028 0.00 0.00 1,032.09 1,032.09 UBS Bank USA UT 4.9 10/25/2028 90355GHG4 0.000 1/26/2026 1/26/2026 10/25/2028 0.00 0.00 1,032.09 1,032.09 United Bankers' Bank MN 3.6 909557MF4 0.000 3/20/2026 3/20/2026 2/20/2030 0.00 0.00 684.89 684.89 2/20/2030 United Fidelity Bank, fsb IN 4.5 910286GN7 0.000 3/30/2026 3/30/2026 6/29/2028 0.00 0.00 886.68 886.68 6/29/2028 United Fidelity Bank, fsb IN 4.5 910286GN7 0.000 2/28/2026 2/28/2026 6/29/2028 0.00 0.00 917.26 917.26 6/29/2028 United Fidelity Bank, fsb IN 4.5 910286GN7 0.000 1/29/2026 1/29/2026 6/29/2028 0.00 0.00 947.84 947.84 6/29/2028 United Roosevelt Savings Bank NJ 91139LAB2 0.000 3/11/2026 3/11/2026 3/11/2027 0.00 0.00 361.47 361.47 1.9 3/11/2027 United Roosevelt Savings Bank NJ 91139LAB2 0.000 2/11/2026 2/11/2026 3/11/2027 0.00 0.00 400.20 400.20 1.9 3/11/2027 United Roosevelt Savings Bank NJ 91139LAB2 0.000 1/12/2026 1/12/2026 3/11/2027 0.00 0.00 400.20 400.20 1.9 3/11/2027 United Teletech FCU NJ 5.1 913065AD0 0.000 3/9/2026 3/9/2026 11/8/2027 0.00 0.00 970.26 970.26 11/8/2027 United Teletech FCU NJ 5.1 913065AD0 0.000 2/9/2026 2/9/2026 11/8/2027 0.00 0.00 1,074.21 1,074.21 11/8/2027 108 Description CUSIP/Ticker YTM @ Settlement Face Cost Trade Date Date Maturity Date Amount/Shares Principal Price Interest/Dividends Total United Teletech FCU NJ 5.1 11/8/2027 University Bank MI 4.2 11/30/2027 University Bank MI 4.2 11/30/2027 University Bank MI 4.2 11/30/2027 Univest Bank & Trust Co. PA 4.35 5/12/2028 Univest Bank & Trust Co. PA 4.35 5/12/2028 Univest Bank & Trust Co. PA 4.35 5/12/2028 US Bank I Custodian MM US Bank I Custodian MM US Bank I Custodian MM US Bank I Fiscal Agent MM US Bank I Fiscal Agent MM US Bank I Fiscal Agent MM USAlliance Financial FCU NY 4.55 5/26/2028 USAlliance Financial FCU NY 4.55 5/26/2028 USAlliance Financial FCU NY 4.55 5/26/2028 Utah First FCU 5 7/21/2028 Utah First FCU 5 7/21/2028 Utah First FCU 5 7/21/2028 Valleystar Credit Union VA 5.2 11/8/2028 Valleystar Credit Union VA 5.2 11/8/2028 Valleystar Credit Union VA 5.2 11/8/2028 Vibrant Credit Union IL 0.8 6/30/2026 Vibrant Credit Union IL 0.8 6/30/2026 Vibrant Credit Union IL 0.8 6/30/2026 VisionBank MN 4.05 5/12/2028 VisionBank MN 4.05 5/12/2028 VisionBank MN 4.05 5/12/2028 VyStar Credit Union FL 4.55 3/10/2028 VyStar Credit Union FL 4.55 3/10/2028 913065AD0 914098DJ4 914098DJ4 914098DJ4 91527PBY2 91527PBY2 91527PBY2 USB3000-FUZXX USB3000-FUZXX USB3000-FUZXX USB4000-6000 USB4000-6000 USB4000-6000 90352RDB8 90352RDB8 90352RDB8 91739JAB1 91739JAB1 91739JAB1 92023CAJ2 92023CAJ2 92023CAJ2 92559TAJ7 92559TAJ7 92559TAJ7 92834ABT2 92834ABT2 92834ABT2 92891 CCZ3 92891 CCZ3 0.000 1/8/2026 1/8/2026 11/8/2027 0.00 0.00 0.000 3/30/2026 3/30/2026 11/30/2027 0.00 0.00 0.000 2/28/2026 2/28/2026 11/30/2027 0.00 0.00 0.000 1/30/2026 1/30/2026 11/30/2027 0.00 0.00 0.000 3/12/2026 3/12/2026 5/12/2028 0.00 0.00 0.000 2/12/2026 2/12/2026 5/12/2028 0.00 0.00 0.000 1/12/2026 1/12/2026 5/12/2028 0.00 0.00 0.000 3/31/2026 3/31/2026 N/A 0.00 0.00 0.000 2/28/2026 2/28/2026 N/A 0.00 0.00 0.000 1/31/2026 1/31/2026 N/A 0.00 0.00 0.000 3/31/2026 3/31/2026 N/A 0.00 0.00 0.000 2/28/2026 2/28/2026 N/A 0.00 0.00 0.000 1/31/2026 1/31/2026 N/A 0.00 0.00 0.000 3/26/2026 3/26/2026 5/26/2028 0.00 0.00 0.000 2/26/2026 2/26/2026 5/26/2028 0.00 0.00 0.000 1/26/2026 1/26/2026 5/26/2028 0.00 0.00 0.000 3/23/2026 3/23/2026 7/21/2028 0.00 0.00 0.000 2/23/2026 2/23/2026 7/21/2028 0.00 0.00 0.000 1/21/2026 1/21/2026 7/21/2028 0.00 0.00 0.000 3/9/2026 3/9/2026 11/8/2028 0.00 0.00 0.000 2/9/2026 2/9/2026 11/8/2028 0.00 0.00 0.000 1/8/2026 1/8/2026 11/8/2028 0.00 0.00 0.000 3/2/2026 3/2/2026 6/30/2026 0.00 0.00 0.000 2/2/2026 2/2/2026 6/30/2026 0.00 0.00 0.000 1/2/2026 1/2/2026 6/30/2026 0.00 0.00 0.000 3/12/2026 3/12/2026 5/12/2028 0.00 0.00 0.000 2/12/2026 2/12/2026 5/12/2028 0.00 0.00 0.000 1/12/2026 1/12/2026 5/12/2028 0.00 0.00 0.000 3/2/2026 3/2/2026 3/10/2028 0.00 0.00 0.000 2/2/2026 2/2/2026 3/10/2028 0.00 0.00 1,074.21 1,074.21 859.56 859.56 830.91 830.91 888.21 888.21 827.57 827.57 916.24 916.24 916.24 916.24 7,605.70 7,605.70 5,369.58 5,369.58 1,756.42 1,756.42 736.72 736.72 97.79 97.79 100.45 100.45 865.62 865.62 958.37 958.37 958.37 958.37 939.73 939.73 1,040.41 1,040.41 1,040.41 1,040.41 985.29 985.29 1,090.86 1,090.86 1,090.86 1,090.86 152.81 152.81 169.18 169.18 169.18 169.18 770.50 770.50 853.05 853.05 853.05 853.05 865.62 865.62 958.37 958.37 109 YTM @ Settlement Face Description CUSIP/Ticker Cost Trade Date Date Maturity Date Amount/Shares Principal Price Interest/Dividends Total VyStar Credit Union FL 4.55 92891 CCZ3 3/10/2028 Workers FCU MA 5.2 10/30/2028 98138MCA6 Workers FCU MA 5.2 10/30/2028 98138MCA6 Workers FCU MA 5.2 10/30/2028 98138MCA6 0.000 1/2/2026 1/2/2026 3/10/2028 0.000 3/30/2026 3/30/2026 10/30/2028 0.000 2/28/2026 2/28/2026 10/30/2028 0.000 1/30/2026 1/30/2026 10/30/2028 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 958.37 958.37 1,059.95 1,024.61 1,095.28 1,059.95 1,024.61 1,095.28 Sub Total / Average Interest 0.00 0.00 2,348,713.14 2,348,713.14 Matured EverBank, NA f/k/a TIAA FSB 0.5 87270LDL4 0.000 2/12/2026 2/12/2026 2/12/2026 245,000.00 245,000.00 0 0.00 245,000.00 2/12/2026 FHLB 0.51 1/14/2026-22 3130AKMZ6 0.000 1/14/2026 1/14/2026 1/14/2026 500,000.00 500,000.00 0 0.00 500,000.00 FHLB 0.55 1/29/2026-21 3130AKN28 0.000 1/29/2026 1/29/2026 1/29/2026 500,000.00 500,000.00 0 0.00 500,000.00 FHLB Step 3/30/2026 3130ALV92 0.000 3/30/2026 3/30/2026 3/30/2026 500,000.00 500,000.00 0 0.00 500,000.00 International Finance Corp 0.5 45950VPS9 0.000 2/26/2026 2/26/2026 2/26/2026 500,000.00 500,000.00 0 0.00 500,000.00 2/26/2026 Mid Carolina Credit Union SC 4.85 59524LAA4 0.000 3/13/2026 3/13/2026 3/13/2026 248,000.00 248,000.00 0 0.00 248,000.00 3/13/2026 Nelnet Bank UT 1.8 3/2/2026 64034KAZ4 0.000 3/2/2026 3/2/2026 3/2/2026 245,000.00 245,000.00 0 0.00 245,000.00 Simmons Bank f/k/a Landmark 51507LCC6 0.000 1/22/2026 1/22/2026 1/22/2026 248,000.00 248,000.00 0 0.00 248,000.00 Comm. 0.5 1/22/2026 Southern Bank GA4.25 1/28/2026 84229LBA9 0.000 1/28/2026 1/28/2026 1/28/2026 244,000.00 244,000.00 0 0.00 244,000.00 T-Note 0.375 1/31/2026 91282CBH3 0.000 1/31/2026 1/31/2026 1/31/2026 500,000.00 500,000.00 0 0.00 500,000.00 T-Note 0.5 2/28/2026 91282CBQ3 0.000 2/28/2026 2/28/2026 2/28/2026 500,000.00 500,000.00 0 0.00 500,000.00 T-Note 0.5 2/28/2026 91282CBQ3 0.000 2/28/2026 2/28/2026 2/28/2026 750,000.00 750,000.00 0 0.00 750,000.00 T-Note 0.75 3/31/2026 91282CBT7 0.000 3/31/2026 3/31/2026 3/31/2026 500,000.00 500,000.00 0 0.00 500,000.00 T-Note 0.75 3/31/2026 91282CBT7 0.000 3/31/2026 3/31/2026 3/31/2026 500,000.00 500,000.00 0 0.00 500,000.00 T-Note 4.25 1/31/2026 91282CJV4 0.000 1/31/2026 1/31/2026 1/31/2026 1,000,000.00 1,000,000.00 0 0.00 1,000,000.00 Sub Total / Average Matured 6,980,000.00 6,980,000.00 0.00 6,980,000.00 110 CALIFORNIA City of La Quinta I CA Portfolio Summary by Month All Portfolios Begin Date: 4/30/2025, End Date: 3/31/2026 Month Market Value Book Value Unrealized Gain/Loss YTM @ Cost YTM @ Market Duration Days To Maturity 4/30/2025 277,380,575.68 277,339,792.50 40,783.18 3.77 4.10 1.49 582 5/31/2025 280,060,147.77 280,757,904.57 -697,756.80 3.76 4.18 1.49 581 6/30/2025 301,461,949.02 301,406,768.70 55,180.32 3.76 4.05 1.41 550 7/31/2025 297,656,954.55 298,028,212.29 -371,257.74 3.67 4.02 1.55 603 8/31/2025 297,144,340.91 296,433,670.29 710,670.62 3.71 3.89 1.50 584 9/30/2025 281,497,979.77 280,674,483.92 823,495.85 3.70 3.84 1.62 630 10/31/2025 277,078,178.34 276,167,046.77 911,131.57 3.66 3.76 1.65 642 11/30/2025 275,611,756.64 274,407,169.94 1,204,586.70 3.64 3.70 1.62 631 12/31/2025 290,217,421.46 289,147,474.11 1,069,947.35 3.62 3.65 1.57 611 1/31/2026 305,912,362.94 305,118,269.30 794,093.64 3.67 3.71 1.46 568 2/28/2026 310,879,290.90 309,428,825.57 1,450,465.33 3.68 3.65 1.44 559 3/31/2026 300,428,417.00 300,404,665.27 23,751.73 3.54 3.66 1.51 588 Total / Average 291,277,447.92 290,776,190.27 501,257.65 3.68 3.85 1.52 593 Market Value / Book Value Comparison 03/2026 02/2026 01/2026 ' 12/2025 11/2025 10/2025 - : - 09/2025 ._. • Market Value 08/2025 _ Bunk: Value 07/2025 06/2025 05/2025 04/2025 00 50,000 100,000 150,000 200,000 250,000 300,000 350,000 In Thousands 111 CALIFORNIA City of La Quinta I CA Total Rate of Return - Book Value by Month All Portfolios Begin Date: 4/30/2025, End Date: 3/31/2026 Beginning BV + Interest Earned Realized Investment Average Capital Annualized Treasury 1 Month Accrued Interest During Period-BV Gain/Loss-BV Income-BV Base-BV TRR-BV TRR-BV Year 4/30/2025 278,616,822.36 5/31/2025 279,516,839.23 6/30/2025 283,148,352.10 7/31/2025 302,419,111.27 8/31/2025 299,222,679.15 9/30/2025 297,778,740.48 10/31/2025 282,073,670.88 11/30/2025 277,672,078.90 12/31/2025 276,056,529.36 1/31/2026 290,960,207.13 2/28/2026 307,057,679.00 3/31/2026 311,488,555.02 845,212.70 876,727.11 910,946.04 909,923.72 893,348.81 877,414.56 864,680.58 817,200.48 877,511.09 909,305.09 852,746.03 947,756.55 1,014.04 5,680.00 0.00 0.00 0.00 0.00 0.00 0.00 -4,588.00 0.00 0.00 8,896.00 846,226.74 882,407.11 910,946.04 909,923.72 893, 348.81 877,414.56 864,680.58 817,200.48 872,923.09 909, 305.09 852,746.03 956,652.55 279,414,568.58 280,086,218.94 288,553,883.87 300,361,848.07 294,909,330.40 282,986,111.90 279,470,999.73 274,612,199.89 277,170,253.09 304,371,568.36 307,900,337.30 311,197,435.03 0.30 0.32 0.32 0.30 0.30 0.31 0.31 0.30 0.31 0.30 0.28 0.31 3.70 3.85 3.85 3.70 3.70 3.78 3.78 3.63 3.85 3.64 3.37 3.75 3.95 4.08 4.06 4.08 3.89 3.66 3.61 3.66 3.54 3.51 3.48 3.67 Total/Average 278, 623, 231.94 10, 582, 772.76 11,002.04 10,593,774.80 288,299,526.72 3.67 3.67 3.77 Annualized TRR-BV 03/2026 02/2026 01/2026 12/2025 11/2025 10/2025 09/2025 08/2025 07/2025 06/2025 05/2025 04/2025 0.00 0.50 1.00 1.50 2.00 2.50 3.00 3.50 4.00 4.50 • Portfolio Treasury 1 Year 112 4Q!thra CALIFORNIA - Asset Category City of La Quinta I CA Distribution by Asset Category - Market Value All Portfolios Asset Category Allocation Begin Date: 12/31/2025, End Date: 3/31/2026 Market Value % of Portfolio Market Value % of Portfolio 12/31/2025 12/31/2025 3/31/2026 3/31/2026 Certificate of Deposits 130 % Checking I Savings I Sweep Accounts Corporate Notes 130 % Investment Pools Money Market Mutual Funds 120 % Trusts Not Subject to Policy US Agency 1100 % US Treasury 1100 % 37, 375,190.41 1,688,798.02 4,528,065.00 84,113, 346.18 18, 316, 507.37 8,829,363.48 60, 308, 376.00 75,057,775.00 12.88 0.58 1.56 28.98 6.31 3.04 20.78 25.86 36,751,227.42 1, 779, 979.57 3,995,680.00 99, 594,188.75 10,112, 393.50 8,802,826.76 60, 535, 566.00 78,856,555.00 12.23 0.59 1.33 33.15 3.37 2.93 20.15 26.25 Total / Average 290,217,421.46 Portfolio Holdings as of 12/31/2025 • 12.88%-Certificate o,,, 0.58%-Checking I Say... • 1.56%-Corporate Note,,, • 28.98%-Ir .'estment Po,,, • 6.31 %-rAoney Market 3.04%-Trusts Not Sub... • 20.78%-US Agency 11... • 25.86%-US Treasury 100.00 300,428,417.00 100.00 Portfolio Holdings as of 3/31/2026 • 12.23%-Certificate o.,, 0,59%-Checking I _;av,.. • 1.33%-Corporate • 33.15%-Iru. estment Po.,. • 3.37%-Money Market r1,,, 2,9391-Trusts Hot =;ub,,. • 20.15%16-USAgenc, 11... • 26.25%-USTreasury I... 113 CALIFORNIA City of La Quinta I CA Distribution by Maturity Range - Market Value All Portfolios Begin Date: 12/31/2025, End Date: 3/31/2026 Maturity Range Market Value 12/31/2025 Maturity Range Allocation % of Portfolio 12/31/2025 Market Value 3/31/2026 % of Portfolio 3/31/2026 0-1 Month 1-3 Months 3-6 Months 6-9 Months 9-12 Months 1-2 Years 2-3 Years 3-4 Years 4-5 Years 84,437,939.49 5,466,897.33 37,185,803.07 7,135,045.36 8,843,548.38 33,092,418.13 35,995,159.71 36,470,664.65 41,589,945.34 29.09 1.88 12.81 2.46 3.05 11.40 12.40 12.57 14.33 92,524,445.29 34,971,650.76 7,166,036.43 7,650,087.05 9,078,157.88 33,867,232.48 36,543,704.62 39,697,687.45 38,929,415.04 30.80 11.64 2.39 2.55 3.02 11.27 12.16 13.21 12.96 Total / Average 290,217,421.46 100.00 300,428,417.00 100.00 Portfolio Holdings 4-5 Y 3-4 Y 2-3 Y 1-2 Y 9-12 M 6-9 M 3-6 M 1-3 M 0-1 M uu rey �. • 12/31/2025 3/31/2026 - - 10,000 20,000 30,000 40,000 50,000 60,000 In Thousands 70,000 80,000 90,000 100,000 114 4Q!thra CALIFORNIA - Portfolio Name City of La Quinta I CA Distribution by Portfolio Name - Market Value All Portfolios Market Value 12/31/2025 Portfolio Name Allocation % of Portfolio 12/31/2025 Begin Date: 12/31/2025, End Date: 3/31/2026 Market Value 3/31/2026 % of Portfolio 3/31/2026 CAMP CERBT OPEB Trust Fiscal Agent - Debt Service Fixed Income Investments Housing Authority - LQPR Housing Authority - DPME Housing Authority - LAIF LAIF Money Market at Custodian Operating Funds PARS Pension Trust 56,388,975.17 2,358,622.81 36,246.57 177,269,406.41 234,927.66 1,450,570.36 2,281,206.07 25,443,164.94 361,779.14 17,921,781.66 6,470,740.67 19.43 0.81 0.01 61.08 0.08 0.50 0.79 8.77 0.12 6.18 2.23 56,638,622.81 2,367,190.06 5,864.92 180,139,028.42 254,955.13 1,521,724.44 2,300,264.53 40,655,301.41 1,101,108.44 9,008,720.14 6,435,636.70 18.85 0.79 0.00 59.96 0.08 0.51 0.77 13.53 0.37 3.00 2.14 Total / Average 290,217,421.46 Portfolio Holdings as of 12/31/2025 • 19.43%-CAMP 0.81 %-CERBT OPEBTru... • 0,019.-Fiscal µgent-,,, • 61.0:33 .-Fi;,ed Income ,,, • 0.08 %-Housing Author,,, 0.5%-Housing Authori,,. • 0,79%-Housing Author,,, • 8.77%-LAIF 0.12%-h,lon. Market a... • 6.18%-Operating Fund,.. • 2,23%-PARS PensionT.., 100.00 300,428,417.00 100.00 Portfolio Holdings as of 3/31/2026 • 18.85%-CAMP 0.79%-CERBT C'PEBTnj... • I i3-b-Fi_ c. I Agent -De... • 59.95`S.`-,-FI;;edIncorrle.., i i,08=?-Housing Author,,, 0,51'ti_ -Housing Author... • ii,779.y-Housing Author... -rlon ykelarketa.., • ..- _ Aerating Funds • 2.14%-PARS PensionT... 115 CALIFORNIA City of La Quinta I CA Economic Indicator Treasury 1 Year vs. Treasury 5 Year Begin Date: 4/30/2025, End Date: 3/31/2026 Economic Indicator Date Treasury 1 Year Treasury 5 Year Spread 4/30/2025 3.95 3.91 -0.04 5/31/2025 4.08 4.03 -0.05 6/30/2025 4.06 3.96 -0.10 7/31/2025 4.08 3.95 -0.13 8/31/2025 3.89 3.79 -0.10 9/30/2025 3.66 3.66 0.00 10/31/2025 3.61 3.65 0.04 11/30/2025 3.66 3.67 0.01 12/31/2025 3.54 3.70 0.16 1 /31 /2026 3.51 3.78 0.27 2/28/2026 3.48 3.69 0.21 3/31/2026 3.67 3.84 0.17 Economic Indicator 4.50 4.00 3.50 3.00 - 2.50 - 2.00 - 1.50 1.00 0.50 0.00 04/2025 05/2025 06/2025 07/2025 08/2025 09/2025 10/2025 11/2025 12/2025 01/2026 02/2026 03/2026 ih Treasury 1 w Year Treasury 5 • . Year 116 CALIFORNIA City of La Quinta I CA Economic Indicator CPI vs. Unemployment Rate Begin Date: 4/30/2025, End Date: 3/31/2026 Economic Indicator Date CPI Unemployment Rate Spread 4/30/2025 2.80 4.20 1.40 5/31/2025 2.80 4.30 1.50 6/30/2025 2.90 4.10 1.20 7/31/2025 3.10 4.30 1.20 8/31/2025 3.10 4.30 1.20 9/30/2025 3.00 4.40 1.40 10/31/2025 2.80 4.40 1.60 11/30/2025 2.60 4.50 1.90 12/31/2025 2.60 4.40 1.80 1 /31 /2026 2.50 4.30 1.80 2/28/2026 2.50 4.40 1.90 3/31/2026 2.60 4.30 1.70 Economic Indicator 5,00 4.00 - 3.00 2.00 1.00 0.00 04/2025 05/2025 06/2025 07/2025 08/2025 09/2025 10/2025 11/2025 12/2025 01/2026 02/2026 03/2026 • CPI Unemployment "" Rate 117 US Treasury Rates https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily treasury yield curve&field tdr date value=2026 Date 1 mo 2 mo 3 mo 6 mo 1 yr 2 yr 3 yr 5 yr 7 yr 10 yr 20 yr 30 Yr Annualized City Total Rate of Return Portfolio YTM 1/30/2026 3.72 3.75 3.67 3.61 3.48 3.52 3.6 3.79 4.01 4.26 4.82 4.87 3.58 3.67 2/27/2026 3.74 3.73 3.67 3.6 3.48 3.38 3.39 3.51 3.72 3.97 4.57 4.64 3.58 3.68 3/31/2026 3.74 3.72 3.70 3.72 3.68 3.79 3.81 3.92 4.11 4.30 4.88 4.88 3.58 3.54 550 57 100 t 7� 150 00 2 7$ TREASURY RATES AND PORTFOLIO RETURNS -4-1-Y r Treasury - - r 7 reasury t Annuelizeri Total Rae of Return -rf- Gtty Portfolio YTM 411101111/4 .."41-411116, -------2.Allinitilltmk. : 50 ,tit ,�► ,ys ,ti4 ,ti► ,tib ry> tie ,tie ,tib ,tib ,tih h ,ti0 ,ti9 ,ti9 ,tih ,tih .ti5 ,fib 10 M1e ,ti0 PCs 0 ,ti0 ,ti0 ,ti0 ,ti0 ,ti0 ,ti0 \ry0 ,ti0 ,ti0 ,ti0 „O ,ti0' ,ti0 ,LO ,ti0 �0 „ A0 ,ti0 ,ti0 ,ti0 ,ti0 1/4 b� \ \ 5 .‘\ . ♦\ ♦1 �. �`' t\ � \ '� * 1 ♦� \ '� O\ '‘� ♦� t.`y `9 qib 1�'D b>7 q�7 O ♦�1 1> ♦‘ 'l�1 .b�'� ►�^! h�� t.\ 159 0,ti q"7 0<h ♦�ti M1�b ♦�'! Sti 118 City of La Quinta STUDY SESSION ITEM NO. 1 FINANCIAL ADVISORY COMMISSION SPECIAL MEETING: May 13, 2026 STAFF REPORT AGENDA TITLE: DISCUSS FISCAL YEAR 2026/27 PRELIMINARY PROPOSED BUDGET RECOMMENDATION Discuss the fiscal year 2026/27 preliminary proposed budget. EXECUTIVE SUMMARY • This first budget study session focuses on the General Fund and Internal Service Funds. This information will be presented to the City Council on May 19, 2026. • A second budget study session will be presented to the City Council on June 2, 2026, and will cover Special Revenue Funds, Capital Funds, and Enterprise Funds of the City. • A second budget study session will be presented to the Financial Advisory Commission (FAC) on June 10, 2026, and will include all funds of the City. • All departments evaluated budget needs based on the City's priorities and operational needs when preparing their 2026/27 budgets. • Final budget adoption is scheduled for June 16, 2026. FISCAL IMPACT The preliminary General Fund budget projects a surplus of $51,265 with projected General Fund revenues of $92,769,600 (including Measure G sales tax) and proposed operational and capital expenditures of $94,718,335, including use of Measure G reserves in the amount of $2,000,000. BACKGROUND/ANALYSIS The goal of the first budget study session is to provide an overview of the General Fund and Internal Service Funds and review the use of Measure G sales tax revenues. Each department section contains notes to explain changes from 2024/25 actuals, changes in 2025/26, and projections for 2026/27. The annual budget outlines the City's financial resources and plan for the City's operations and services for the upcoming year. Community input is a crucial component to the budget process and helps the City develop a budget that reflects the priorities and values of La 119 Quinta residents and businesses. The Financial Advisory Commission provides oversight of Measure G funds and assists with reviewing the 2026/27 operating and capital improvement budgets. To encourage citizen participation in public meetings, the 2026/27 budget schedule is available online at: https://www.laquintaca.gov/our-city/city-departments/finance/budget/proposed-budget-2026-27-timeline PUBLIC MEETING DATES FISCAL YEAR 2026/27 BUDGET ili 2/11/2026 Annual Community Workshop 3/17/2026 ,ity Council Meeting Proposed Capital Improvement Program (CIP) Study Session 4/8/2026 Financial Advisory Commission Meeting Proposed Capital Improvement Program (CIP) Study Session 5/13/2026 Financial Advisory Commission Meeting Preliminary General Fund Revenue & Expense Projections 5/19/2026 City Council Meeting Budget Study Session #1 (General Fund and Internal Service Funds focus) 6/2/2026 .ity Council Meeting Budget Study Session #2 (All Appropriations- General Fund, Internal Service Funds, Enterprise, and Special Revenue Funds) 6/2/2026 Housing Authority Meeting Budget Study Session #1 (Housing Funds Only) 6/10/2026 Financial Advisory Commission Meeting Final review of proposed Measure G sales tax uses 6/10/2026 Housing Commission Meeting Final Review of proposed Housing Authority Budget 6/16/2026 City Council Meeting Operating and CIP Budget Adoption 6/16/2026 Housing Authority Meeting Budget Adoption Attachment 1 provides a narrative of General Fund revenues and expenses, Internal Service Funds, and the Redevelopment Agency loan repayment to the City. Line item details for these revenues and expenses are located in Exhibit A of the Attachment. The Commission may wish to request further information regarding specific items. Per State code the budget must be adopted prior to June 30. Prepared by: Claudia Martinez, Finance Director/City Treasurer Attachment: 1. Fiscal Year 2026/27 Proposed Budget Overview 120 ATTACHMENT 1 2026/27 PROPOSED BUDGET STUDY SESSION #1 athtra . ALIEORNIA - The first budget study session is designed to provide an overview of the General Fund and four Internal Service Funds (ISF's). Special Revenue, Capital, and Enterprise Funds will be presented on June 10, 2026. Exhibit A includes proposed revenue and expenditure details for all General Fund and Internal Service Funds. The FY 2026/27 proposed budget reflects the City's continued commitment to maintaining strong financial stability while investing in the services, infrastructure, and amenities that support the community's quality of life. The budget prioritizes essential City services, ongoing maintenance of public facilities and streets, and advancement of key capital improvement projects, including the Cultural Campus and Maintenance & Operations Yard. Through careful financial planning and conservative budgeting practices, the City is strategically utilizing available resources, including Measure G reserves, to accelerate important community projects while remaining responsive to changing economic conditions. This approach allows the City to continue delivering high -quality services and investing in the community's future in a fiscally responsible manner. The proposed General Fund budget reflects a projected surplus of $51,265, driven by cautious revenue growth assumptions and expenditure projections that align with departmental operational needs. A key factor in balancing the budget is the strategic use of $2 million in Measure G reserves to accelerate capital improvement projects, including the Cultural Campus and Maintenance & Operations Yard, allowing projects originally planned across multiple fiscal years to move forward on an expedited timeline. GENERAL FUND FY 2026/27 PROPOSED BUDGET SUMMARY Revenues Less Operating/CIP Expenses Preliminary Budget Surplus/(Deficit) Use of Measure G Reserves $ 92,769,600 (94,718,335) (1,948,735) 2,000,000 BUDGET SURPLUS VIM 51,265 The budget provides resources for public safety, daily operations, and capital improvements for the upcoming fiscal year. Projections are anticipated to change prior to budget adoption. The final proposed budget will be structurally balanced. 121 REVENUES The City's revenue estimates for FY 2026/27 represent a $3,907,654 decrease over the revised FY 2025/26 projections. The primary driver of the decrease is the recognition of approximately $5 million in one-time American Rescue Plan Act (ARPA) funding included in the prior year, which is not budgeted in FY 2026/27. Excluding the one-time ARPA funding, projected revenues reflect an overall increase of approximately $1,085,850 over the prior year, primarily driven by continued strength in tax revenues, intergovernmental revenues, and investment earnings. Revenues by category are summarized below: General Fund Revenues 2025/26 2025/26 2026/27 Original Current Proposed Change Current v. Pro.osed Tax Revenues Licenses & Permits Intergovernmental Charges for Services Fines, Forefeitures & Abatements Use of Money & Property/Misc. Transfers In 64,510,000 2,329,700 12, 353, 000 1,032,450 347,500 6,676,100 4,993,504 68, 265, 000 2,329,700 12, 853, 000 1,112,450 347,500 6,776,100 4,993,504 68,480,000 2,384,500 13,103, 000 1,035,500 275,000 7,491,600 215,000 54,800 250,000 (76,950) (72,500) 715,500 (4,993,504) Total Revenues 92,242,254 96,677,254 92,769,600 (3,907,654) The FY 2026/27 revenue outlook reflects a more moderate pace of economic activity, with several key General Fund revenue sources projected to remain relatively flat or experience slight declines compared to prior years. While the City continues to maintain a strong and stable financial position through conservative fiscal management, broader economic factors, including inflation, changing consumer spending patterns, and softer tourism -related activity, continue to create some uncertainty in revenue growth projections. The City's primary revenue sources remain stable overall and continue to support essential services and community investments. As economic conditions evolve, the City will continue to closely monitor revenues and maintain a disciplined approach to budgeting to help ensure long-term financial stability and flexibility. Major general revenues, such as property taxes, sales taxes, franchise fees, and transient occupancy taxes are projected by the Finance Department based on prior history, growth and inflation projections, and economic climate. Subject -matter experts such as the City's sales tax consultant, the County Assessor, and regional and local economic forecasts also assist in the projection of revenues. Taxes - The City's top three revenue sources for the General Fund total $58,540,000 (or 63% of the total $92,769,600) and continue to be: • Sales Taxes $28,750,000 • Property Taxes $14,265,000 • Transient Occupancy Taxes (TOT) $15,525,000 Sales tax revenue is highly sensitive to economic conditions and reflects the factors that drive taxable sales, including unemployment levels, consumer confidence, per -capita income, tourism activity, and business investment. Based on the current fiscal year budget, sales tax revenue is anticipated to increase by approximately $150,000 and Measure G revenue by approximately 122 $100,000, largely due to continued consumer spending activity, steady tourism -related economic activity, and the City's resilient local economy despite ongoing economic uncertainty. Property Tax revenues are based on a 1.0% levy on the assessed value of all real property. Under the terms of Proposition 13, approved in California in 1978, annual increases in assessed value are capped at a maximum of 2% per year unless there is a change in ownership or new construction. Annual increases in assessed value are limited by either the California Consumer Price Index (CPI) or the 2% cap, whichever is less. Continued growth in property values and property sales within the City are expected to contribute to a modest increase of approximately $60,000 in property tax revenues for FY 2026/27. The City of La Quinta imposes a Transient Occupancy Tax (TOT) upon major hotel stays within the City boundaries at a rate of 11 % and smaller hotels and short-term vacation rentals (STVR) at 10%. Major economic drivers for TOT revenue include room rates, average occupancy rates, and seasonal and non -seasonal tourism. For FY 2026/27, overall TOT revenues are projected to decrease by approximately $90,000 compared to the current year estimate, reflecting a conservative approach in forecasting revenues amid evolving travel and consumer spending patterns. Licenses & Permits — Overall revenues in this category are projected to increase modestly by approximately $54,800 for FY 2026/27 compared to the current year budget. The increase is primarily attributable to higher anticipated revenues in Public Works permits, conditional use permits, sign permits, and final landscaping plan review activity. These increases are partially offset by lower projected revenues in certain fire inspection fee categories, temporary use permits, and minor use permits. Overall, permit activity is expected to remain generally consistent with current trends. Intergovernmental — The majority of revenues within this category are derived from fire service property taxes restricted for fire services. For FY 2026/27, intergovernmental revenues are projected to increase by approximately $250,000 compared to the current year budget, primarily due to higher anticipated fire service property tax revenues resulting from continued growth in assessed property valuations and Redevelopment Property Tax Trust Fund (RPTTF) distributions. Based on current estimates provided by the County, the City is not anticipating the use of fire service reserves, consistent with the prior fiscal year. Charges for Services — Revenues in this category are projected to decrease by approximately $76,950 for FY 2026/27 compared to the current year budget. The decrease is primarily attributable to lower anticipated Public Works development review fees and tentative tract map activity. These reductions are partially offset by modest increases in facility rentals, records management and digitization fees, planning compliance revenues, and administrative service fees. Overall, revenues are projected conservatively based on current development activity and service demand trends. Fines & Assessments — Revenues in this category are projected to decrease by approximately $72,500 for FY 2026/27 compared to the current year budget. The decrease is primarily related to lower anticipated administrative citation revenues and reduced vehicle impound and motor vehicle code fine activity. These reductions are partially offset by increases in lot abatement revenues, miscellaneous fines, and false alarm fee revenues. Overall projections are based on recent collection trends and anticipated enforcement activity levels. 123 Use of Money & Property/Miscellaneous - The proposed budget reflects increased revenue from investment interest earnings, driven by the City's long-term investments secured at favorable interest rates. This outcome highlights the effort and the importance placed on maintaining a strategic focus on long-term investments as a key component of the City's financial resilience. As of the close of the third quarter of FY 2025/26, the average portfolio rate of return was 3.54%, down from 3.66% in the prior year. Additional increases are anticipated from electric vehicle charging revenues, while lease revenue and other miscellaneous revenue sources are expected to remain generally consistent with the current year. EXPENSES City staff and management have continued to exercise fiscal responsibility, maintaining strong budget discipline and positioning the City to conclude the current fiscal year with projected savings. The FY 2026/27 proposed budget remains focused on maintaining high -quality City services while making strategic investments that support the community's long-term needs and Council priorities. The budget includes targeted investments in staffing, infrastructure, public facilities, and community programs aimed at enhancing service delivery and preserving the City's strong operational foundation. A summary of expenditures by department is provided in the chart below, along with explanations for significant departmental variances. Citywide cost increases impacting departmental budgets include salary and benefit adjustments, CaIPERS contribution rate increases, annual contract escalations, utility cost increases, and higher costs associated with goods, materials, and services. General Fund Expenditures 2025/26 2025/26 2026/27 Original Current Proposed Change Current v. Pro•osed City Council City Manager Department Marketing & Community Relations City Attorney Human Resources City Clerk Department Police Fire Community Services Administration Wellness Center Operations Recreational Programs & Events Code Compliance/Animal Control Public Safety Administration Parks Maintenance Public Buildings Public Works Administration Public Works Development Services Streets Department- Traffic Engineering Services Design & Development Administration Planning Building The Hub Finance Centralized Services 347,700 2,008,900 1,975,740 1,100,000 881,900 1,658,070 21,692,000 11,656,212 578,000 731,150 2,475,600 1,973,740 385,014 4,731,650 2,045,357 865,900 552,700 1,190,750 1,359,700 734,300 1,592,800 1,610,100 1,419,650 2,368,900 26,886,355 347,700 2,175,566 1,990,740 1,100,000 881,900 1,658,070 21,762,000 12,056,212 578,000 731,150 2,475,600 1,973,740 385,014 4,731,650 2,045,357 865,900 572,700 1,190,750 1,359,700 734,300 1,592,800 1,610,100 1,419,650 2,368,900 70,166,597 373,560 2,169,220 2,277,330 1,200,000 959,050 1,714,870 23,387,800 12,606,297 545,440 813,570 2,502,860 1,999,650 347,855 5,123,250 2,263,170 816,490 718,950 1,154,140 1,357,160 755,940 1,745,160 1,600,420 1,385,940 2,266,780 24,633,433 25,860 (6,346) 286,590 100,000 77,150 56,800 1,625,800 550,085 (32,560) 82,420 27,260 25,910 (37,159) 391,600 217,813 (49,410) 146,250 (36,610) (2,540) 21,640 152,360 (9,680) (33,710) (102,120) (45,533,164) Total Expenditures 92,822,188 136,774,096 94,718,335 (42,055,761) 124 Significant department adjustments include: Marketing & Community Relations: The increase in this division is primarily due to the transfer of an additional position from the City Manager's Office into the Marketing & Community Relations Division, resulting in higher salary and benefit costs. Additional increases are also included for promotional items, sponsorships and advertising to support ongoing tourism, marketing, and community outreach efforts. Police and Fire: Police and Fire contract expenses are incorporated using estimates from the County of Riverside. Final numbers will be reflective of rates once contracts are approved. These combined budgets account for a total of $35,994,097 or 38% of the proposed General Fund budget. Parks Maintenance: The increase in this division is driven by higher anticipated costs for landscape maintenance contracts, pool maintenance services, and transfers to the Park Equipment & Facility Internal Service Fund to support ongoing park maintenance, equipment replacement, and facility improvement needs throughout the City. Public Buildings: The increase in this division is primarily related to higher anticipated costs within the maintenance/services and HVAC accounts to support ongoing preventative maintenance, repair services, and potential replacement of HVAC units for City -owned facilities citywide. Public Works Development Services: The increase in this division is primarily attributable to the addition of an Engineering Specialist position approved by the City Council during FY 2025/26. The position supports increased development activity and enhances the division's capacity to manage plan reviews, permit coordination, project communication, and overall development services operations. Planning: The increase in this division is largely associated with the commencement of master planning efforts for the southern Sphere of Influence (SOI) area, following the selection of a consultant during the current fiscal year. These efforts are intended to support long-term planning related to a potential future expansion of the City's boundaries and service area. Centralized Services - This department budget captures citywide expenses. Annually this division's budget fluctuates most because it captures large one-time expenses such as pension and OPEB (Other Post -Employment Benefits) trust contributions, building improvements, land acquisition, and capital improvement carryovers for multi -year projects. The FY 2026/27 annual pension liability contribution is $400,000, representing a $50,000 increase over the prior year. This contribution covers employees in the Classic Tier, Tier 2, and PEPRA. In addition to the annual required contribution, the City may consider additional discretionary payments toward its unfunded pension obligations as a proactive measure to reduce long-term liabilities and strengthen the City's overall financial position. To continue the City's efforts of staff development and succession planning, managing CaIPERS rate increases, responding to labor market adjustments, and to address staffing needs, an budget of $200,000 in Contingency for Staffing is recommended to execute these principles. 125 INTERNAL SERVICE FUNDS (ISF) ISF are used to account for activities involved in rendering services to departments within the City. Costs of materials and services used are accumulated in these funds and charged to user departments based on personnel and large equipment assigned to each. The following is a summary of expenses by ISF: Mir- INTERNAL SERVICE FUNDS SUMMARIIIII Current Proposed FY 25/26 i FY 26/274 Variance Fund Equipment Replacement Information Technology Park Equipment Insurance Fund 2,477,527 4,295,820 1,435,000 1,242,600 1,800,257 2,864,435 1,131,205 1,310,400 (677,270) (1,431,385) (303,795) 67,800 9,450,94 7,106,297 (2,344,650) Equipment Replacement Fund — The $677,000 decrease in this fund is primarily due to the completion of major city building repair projects in FY 2025/26, including significant roof repairs, as well as one-time machinery and equipment purchases completed during the fiscal year. No similar large-scale capital expenditures are currently anticipated in FY 2026/27. Information Technology Fund — The approximately $1.4 million decrease is primarily attributable to major infrastructure improvement projects currently underway, including upgrades to IT systems and equipment in public facilities. Remaining appropriations from FY 2025/26 will be carried forward into FY 2026/27 to support the continued completion of these projects and related infrastructure improvement efforts. Park Equipment Fund — The approximately $300,000 decrease in this fund is primarily due to one-time playground and park improvement projects completed in FY 2025/26, including playground replacements and tennis court improvements. Remaining FY 2025/26 funds will be carried forward to support the completion of ongoing park -related projects. Insurance Fund — An overall increase of about $68,000 is due to the estimated insurance premiums provided by California Joint Powers Authority (CJPIA), final projections will be provided at budget adoption. REDEVELOPMENT LOAN REPAYMENT The City's Last and Final Recognized Obligation Payment Schedule (ROPS) for the Successor Agency (former Redevelopment Agency) includes an annual loan repayment. For 2026/27 the total loan repayment is $3,647,452 which is allocated 80% to the General Fund ($2,917,962) and 20% ($729,490) to the Housing Authority Fund. These revenues will be recognized in unassigned reserves in each fund and are not allocated to current expenses. The final loan repayment is scheduled for FY 2029/30. Remaining outstanding loan repayments after 2026/27 total $10,950,532. 126 MEASURE G SALES TAX Measure G sales tax revenue is anticipated to be $16,000,000 and is allocated as presented below in the proposed budget. The Financial Advisory Commission will be reviewing the proposed uses of Measure G revenues at the June 10th meeting. MEASURE G SALES TAX SUMMARY Measure G Sales Tax Revenue Police Services Capital Improvements $ 16, 000, 000 (4,000,000) (14, 000, 000) Available for Appropriation $ MEASURE G REVENUE AND USES SUMMARY FY 2026/27 Fiscal Year (FY) REVENUE SUMMARY 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 Actual Actual Actual Actual Actual Actual Actual Actual Actual Budget (Current) Budget (Proposed) TOTAL $ 1,462,650 9,967,657 10,958,118 10,310,526 12,594,389 15,615,802 16,088,087 15,471,183 15,638,218 14,400,000 16,000,000 $ 138,506,630 MEASURE G USES- Historical Fiscal Year Project Description 2016/17-2023/24 Total Operational- Public Safety Total Ca.ital- Various Operational 25, 908, 000 Capital 33.075.038 Reserves 33.485.374 Total by Year 92.468.4 MEASURE G USES- Prior 3 Fiscal Years 2024/25 Public Safety Contract Services Pavement Management Plan Street Improvements Corporate Yard Administration Offices & Crew Quarters Village Art Plaza Promenade & Cultural Campus Highway 111 Corridor Area Plan Implementation Fritz Burns Park Improvements Citywide Dog Park Improvements Welcome Center Improvements Measure G Reserves 2024/25 7,300,000 1,000,000 900,000 1,000,000 3,050,000 5,000,000 500,000 750,000 (3,861,782) 15,638,2 2025/26 Public Safety Contract Services Pavement Management Plan Street Improvements Maintenance & Operations Yard Cultural Campus Highway 111 Corridor Area Plan Implementation Miles Avenue Pavement Rehabilitation Measure G Reserves 2025/26 2,000,000 9,800,000 1,200,000 1,000,000 1,000,000 (600,000) 14,400,( 2026/27 Public Safety Contract Services Pavement Management Plan Street Improvements Maintenance & Operations Yard Cultural Campus Highway 111 Corridor Area Plan Implementation Measure G Reserves 2026/27 4,000,000 1,000,000 8,000,000 4,000,000 1,000,000 (2,000,000) 16,000,( TOTAL $ 37,208,000 $ 74,275,038 $ 27% 54% 27,023,592 $ 138,506,6 20% 127 PUBLIC PARTICIPATION The annual budget outlines the City's financial resources and plan for the City's operations and services for the upcoming year. Community input is a crucial component to the budget process and helps the City develop a budget that reflects the priorities and values of La Quinta residents and businesses. To encourage citizen participation in public meetings, the 2026/27 budget schedule is available on the City's website and is noted below: https://www.laquintaca.gov/our-city/city-departments/finance/budget/proposed-budget-2026-27-timeline 2r 11 2026 PUBLIC MEETING DATES FISCAL YEAR 2026/27 BUDGET Annual Community Workshop 3/17l2026 City Council Meeting Proposed Capital Improvement Program (G P) Study Session 4/812026 Financial Advisory Commission Meeting Proposed Capital Improvement Program (CI P) Study Session 5/13/2026 Financial Advisory Commission Meeting Preliminary General Fund Revenue & Expense Projections 5/19/2026 City Council Meeting Budget Study Session #1 (General Fund and Internal Service Funds focus) 6/2/2026 City Council Meeting Budget Study Session #2 (Al Appropriations- General Fund Internal Service Funds Enterprise. and Special Revenue Funds) 6/212026 Housing Authority Meeting Budget Study Session #1 (Housing Funds Only) 6 10/2026 Financial Advisory Commission Meeting Final review of proposed Measure G sales tax uses 6/10l2026 Housing Commission Meeting Final Review of proposed Housing Authontv Budget 6/16/2026 City Council Meeting Operating and OP Budget Adoption 6/16/2026 Housing Authority Meeting Budget Adoption 128 City of La Qu i nta 2026/27 Adopted Budget CITY OF LA QUINTA BUDGET MEETING TIMELINE FY 2026/27 PROPOSED BUDGET The annual budget process coordinates the allocation of city revenues for essential services such as police and fire, community programs and events, and capital improvement projects. The City invites you to participate and/or track public meetings regarding the fiscal year 2026/27 budget. Proposed public meeting dates are summarized below and as meetings occur budget information presented will be available online on a dedicated City webpage within the Finance Department at: https://www.laquintaca.gov/our-city/city-departments/finance/budget/proposed-budget-2026- 27-timeline Questions regarding the fiscal year 2026/27 budget may be directed to finance@laquintaca.gov or by calling 760-777-7055. UBLIC MEETING DATE FISCAL YEAR 2026/27 = • r 2/11/2026 Annual Community Workshop 3/17/2026 City Council Meeting Proposed Capital Improvement Program (CIP) Study Session 4/8/2026 Financial Advisory Commission Meeting Proposed Capital Improvement Program (CIP) Study Session 5/13/2026 Financial Advisory Commission Meeting Preliminary General Fund Revenue & Expense Projections 5/19/2026 City Council Meeting Budget Study Session #1 (General Fund and Internal Service Funds focus) 6/2/2026 City Council Meeting Budget Study Session #2 (All Appropriations- General Fund, Internal Service Funds, Enterprise, and Special Revenue Funds) 6/2/2026 Housing Authority Meeting Budget Study Session #1 (Housing Funds Only) 6/10/2026 Financial Advisory Commission Meeting Final review of proposed Measure G sales tax uses 6/10/2026 Housing Commission Meeting Final Review of proposed Housing Authority Budget 6/16/2026 City Council Meeting Operating and CIP Budget Adoption 6/16/2026 Housing Authority Meeting Budget Adoption 130 CITY OF LA QUINTA FY 2026/27 PROPOSED BUDGET I CITY OF LA QUINTA GENERAL FUND REVENUES AND EXPENDITURES BY DEPARTMENT/DIVISION FISCAL YEAR 2026/27 PROPOSED BUDGET ESTIMATED CURRENT RESOURCES: REVENUES: TAX REVENUES LICENSES & PERMITS INTERGOVERNMENTAL CHARGES FOR SERVICES FINES, FOREFEITURES & ABATEMENTS USE OF MONEY & PROPERTY/MISCELLANEOUS $ 68,480,000 2,384,500 13,103,000 1,035,500 275,000 7,491,600 TOTAL ESTIMATED CURRENT RESOURCES $ 92,769,600 ESTIMATED CURRENT REQUIREMENTS: EXPENDITURES: CITY COUNCIL CITY MANAGER DEPARTMENT CITY MANAGER'S DIVISION HUMAN RESOURCES MARKETING/COMMUNITY RELATIONS CITY ATTORNEY CITY CLERK DEPARTMENT COMMUNITY SERVICES 2,169,220 959,050 2,277,330 COMMUNITY SERVICES ADMINISTRATION 545,440 WELLNESS CENTER OPERATIONS 813,570 RECREATION PROGRAMS/SPECIAL EVENTS 2,502,860 PUBLIC SAFETY POLICE 23,387,800 FIRE 12,606,297 CODE COMPLIANCE/ANIMAL CONTROL 1,999,650 PUBLIC SAFETY ADMINISTRATION 347,855 PUBLIC WORKS PARKS MAINTENANCE 5,123,250 PUBLIC BUILDINGS 2,263,170 PUBLIC WORKS ADMINISTRATION 816,490 DEVELOPMENT SERVICES 718,950 STREETS- TRAFFIC 1,154,140 ENGINEERING SERVICES 1,357,160 DESIGN & DEVELOPMENT DESIGN & DEVELOPMENT ADMINISTRATION PLANNING BUILDING THE HUB FISCAL SERVICES FINANCE CENTRAL SERVICES (Includes CIP) 755,940 1,745,160 1,600,420 1,385,940 2,266,780 24,633,433 $ 373,560 5,405,600 1,200,000 1,714,870 3,861,870 38,341,602 11,433,160 5,487,460 26,900,213 TOTAL ESTIMATED CURRENT REQUIREMENTS 94,718,335 PRELIMINARY BUDGET SURPLUS/(DEFICIT) USE OF MEASURE G SALES TAX RESERVES $ (1,948,735) 2,000,000 BUDGET SURPLUS/(DEFICIT) $ 51,265 131 CITY OF LA QUINTA GENERAL FUND REVENUE FY 2026/27 PROPOSED BUDGET 2024/25 2025/26 2025/26 2025/26 Actuals Original Budget Current Budget YTD Activity* 2026/27 26/27 vs. Proposed Current 25/26 0/0 Change in Budget 310 - Tax Revenues 101-0000-40310 101-0000-40311 101-0000-40315 101-0000-41320 101-0000-41326 101-0000-41327 101-0000-41400 101-0000-41401 101-0000-41402 101-0000-41416 101-0000-41505 101-0000-41508 101-0000-41509 101-0000-41510 Property Tax Revenue No -Low City Property Ta> RPTTF Pass Through State Sales Tax Measure G Sales Tax Document Transfer Tax TOT - Hotels TOT - Short Term Vac. RI TOT - Bed and Breakfast TOT - Resort Fees Franchise Taxes - Burrtec Southern California Gas I Cable Television Franchis Communications Franchi5 101-0000-41800 Property Tax in Lieu of VI 310 - Tax Revenues Totals: 320 - Licenses & Permits 101-0000-41411 STVR Inspection Fee 101-0000-41415 STVR Registration Fee 101-0000-41600 Business Licenses 101-0000-41602 STVR Business Licenses 101-0000-41610 Film Permits 101-0000-42400 Building Permits 101-0000-42401 Plumbing Permits 101-0000-42402 Mechanical Permits 101-0000-42403 Electrical Permits 101-0000-42404 Miscellaneous Permits 101-0000-42405 Garage Sale Permits 101-0000-42408 Grading Permits 101-0000-42420 Fire Plan Review Fee 101-0000-42421 Fire Inspection Fee - Nev 101-0000-42422 Fire Inspection Fee - Stai 101-0000-42430 Transportation Permits 101-0000-42431 Conditional Use Permits 101-0000-42433 Minor Use Permit 101-0000-42434 Sign Permit 101-0000-42435 Site Development Permit 101-0000-42436 Final Landscaping Plans 101-0000-42437 Development Agreement 101-0000-42439 Temporary Use Permit 101-0000-43632 Public Works Permits 101-0000-43638 NPDES Inspections 320 - Licenses & Permits Totals: 3,697,231 3,950,000 3,950,000 2,300,117 3,815,000 6,306,684 6,500,000 6,500,000 3,550,909 6,500,000 3,690,166 3,875,000 3,875,000 1,978,092 3,950,000 12,236,228 11,600,000 12,600,000 7,186,975 12,750,000 15,638,218 14,400,000 15,900,000 9,296,816 16,000,000 970,653 675,000 975,000 602,516 950,000 9,482,823 8,875,000 9,475,000 6,729,397 9,500,000 6,014,109 5,525,000 5,725,000 3,344,106 5,600,000 108,460 100,000 100,000 40,721 100,000 344,450 315,000 315,000 317,507 325,000 1,423,957 1,475,000 1,475,000 832,841 1,505,000 200,106 250,000 250,000 0 225,000 594,597 600,000 600,000 255,667 525,000 111,976 120,000 120,000 38,098 100,000 6,046,467 6,250,000 6,405,000 3,232,077 6,635,000 66,866,127 64,510,000 68,265,000 39,705,839 68,480,000 (135,000) 0 75,000 150,000 100,000 (25,000) 25,000 (125,000) 0 10,000 30,000 (25,000) (75,000) (20,000) 230,000 215,000 3% 650 907,703 391,328 51,315 1,342 437,336 67,769 78,753 67,981 190,347 6,060 6,293 116,374 20,573 0 1,444 22,920 0 29,871 70,981 21,178 9,069 16,721 157,140 9,197 2,682,345 1,000 900,000 300,000 50,000 1,200 340,000 50,000 65,000 50,000 160,000 4,500 5,000 95,000 80,000 0 1,000 15,000 3,000 16,000 60,000 10,000 4,000 10,000 100,000 9,000 2,329,700 1,000 900,000 300,000 50,000 1,200 340,000 50,000 65,000 50,000 160,000 4,500 5,000 95,000 80,000 0 1,000 15,000 3,000 16,000 60,000 10,000 4,000 10,000 100,000 9,000 2,329,700 664 768,200 365,049 44,120 1,431 460,578 74,589 89,581 103,441 161,677 4,520 14,079 103,952 22,786 6,068 1,152 33,336 3,582 11,069 89,520 11,936 8,388 9,590 97,404 9,221 2,495,934 500 900,000 300,000 50,000 1,200 340,000 50,000 65,000 50,000 160,000 4,000 5,000 95,000 20,000 8,000 1,000 20,000 1,800 22,000 58,000 12,000 5,000 7,000 200,000 9,000 2,384,500 (500) 0 0 0 0 0 0 0 0 0 (500) 0 0 (60,000) 8,000 0 5,000 (1,200) 6,000 (2,000) 2,000 1,000 (3,000) 100,000 0 54,800 - 50% 0% 0% 0% 0% 0% 0% 0% 0% 0% - 11% 0% 0% - 75% 0% 0% 33% - 40% 38% -3% 20% 25% - 30% 100% 0% 2% 330 - Intergovernmental 101-0000-41710 State Gov't Revenue 5,707 0 0 0 1 0 0 0% 132 CITY OF LA QUINTA GENERAL FUND REVENUE FY 2026/27 PROPOSED BUDGET 2024/25 2025/26 2025/26 2025/26 Actuals Original Budget Current Budget YTD Activity* 2026/27 26/27 vs. Proposed Current 25/26 0/0 Change in Budget 101-0000-42500 Fire Service Credit 101-0000-43100 FEMA 101-0000-43633 CSA 152 Assessments 101-0000-43634 CVWD 101-0000-43650 Contributions from Other 330 - Intergovernmental Totals: 340 - Charges for Services 101-0000-42200 101-0000-42210 101-0000-42211 101-0000-42212 101-0000-42213 101-0000-42214 101-0000-42215 101-0000-42216 101-0000-42218 101-0000-42300 101-0000-42303 101-0000-42412 101-0000-42415 101-0000-42416 101-0000-42417 101-0000-42440 101-0000-42441 101-0000-42443 101-0000-42445 101-0000-42446 101-0000-42447 101-0000-42448 101-0000-42451 101-0000-42456 101-0000-42460 101-0000-42600 101-0000-42610 101-0000-42615 101-0000-42810 101-0000-43631 101-0000-43635 Leisure Enrichment Youth Sports Adult Sports Facility Rentals Special Events Wellness Center Leisure I Parking Lot/Open Space Wellness Center Special I Wellness Center Member Cash Over/Short NSF Charges Minor Adjustment, Plan C Tentative Tract Map Digitization/Records Man, Modification by Applicant Appeals - Permits, Licens Planning Compliance Rev Zone Change Environmental Assessme General Plan Amendment Home Occupations Tentative Parcel Map Specific Plan Lot Exemption Fee Pre -Application Review Building Plan Check Fees SMIP Fees CBSC Administrative Fee Public Works Dev. Plan C CVMSHCP Admin Fee VGPS TBID Admin Fee 340 - Charges for Services Totals: 13,056,502 339,183 567,236 0 3,000 13,971,627 12,100,000 0 250,000 0 3,000 12,353,000 12,600,000 0 250,000 0 3,000 12,853,000 7,034,596 2,888 640,838 2,258 0 7,680,581 12,850,000 0 250,000 0 3,000 13,103,000 250,000 0 0 0 0 250,000 2% 0% 0% 0% 0% 2% 8,704 8,000 8,000 4,338 5,000 (3,000) -38% 51,135 40,000 40,000 22,990 40,000 0 0% 4,549 5,000 5,000 2,310 5,000 0 0% 28,379 18,000 18,000 29,434 20,000 2,000 11% 510 1,000 1,000 0 1,000 0 0% 49,082 30,000 30,000 37,712 30,000 0 0% 4,840 0 0 0 0 0 0% 752 1,000 1,000 1,178 1,000 0 0% 121,098 80,000 80,000 101,835 80,000 0 0% 462 0 0 1,039 500 500 0% 75 50 50 1,035 100 50 100% 25,150 17,000 17,000 23,743 18,000 1,000 6% 47,335 32,000 32,000 27,908 28,000 (4,000) -13% 43,217 20,000 20,000 18,001 24,000 4,000 20% 2,806 1,850 1,850 4,512 2,500 650 35% 3,066 3,000 3,000 6,058 3,000 0 0% 48 500 500 7,654 5,000 4,500 900% 15,788 22,000 22,000 2,175 20,000 (2,000) -9% 183 4,000 4,000 4,008 5,000 1,000 25% 5,998 12,000 12,000 0 12,000 0 0% 6,189 5,000 5,000 7,662 5,000 0 0% 0 9,000 9,000 (2,868) 6,500 (2,500) -28% 19,817 18,500 18,500 0 18,500 0 0% 0 0 0 1,500 0 0 0% 0 6,800 6,800 5,657 5,400 (1,400) -21% 676,464 550,000 550,000 589,954 550,000 0 0% 480 500 500 301 500 0 0% 547 500 500 454 500 0 0% 260,066 120,000 200,000 316,914 120,000 (80,000) -40% 1,160 2,000 2,000 1,756 1,000 (1,000) -50% 29,999 24,750 24,750 7,328 28,000 3,250 13% 1,407,901 1,032,450 1,112,450 1,224,588 1,035,500 (76,950) -7% 133 CITY OF LA QUINTA GENERAL FUND REVENUE FY 2026/27 PROPOSED BUDGET 2024/25 2025/26 2025/26 Actuals Original Budget Current Budget 2025/26 YTD Activity* 2026/27 26/27 vs. Proposed Current 25/26 0/0 Change in Budget 350 - Fines, Forfeitures & Abatements 101-0000-42700 Administrative Citations 101-0000-42701 Lot Abatement 101-0000-42702 Vehicle Abatement 101-0000-42703 Vehicle Impound Fee 101-0000-42705 Motor Vehicle Code Fines 101-0000-42706 Parking Violations 101-0000-42707 Misc Fines 101-0000-42708 Graffiti Removal 101-0000-42709 False Alarm Fees - Police 101-0000-42710 False Alarm Fees - Fire - Fines, Forfeitures & Abatements Totals: 360 - Use of Money & Property 101-0000-41900 101-0000-41910 101-0000-41930 101-0000-42111 101-0000-42120 101-0000-42302 Allocated Interest GASB 31 Interest Interest Revenue Rental Income Lease Revenue Electric Vehicle Charging 360 - Use of Money & Property Totals: 370 - Miscellaneous 101-0000-41410 Zoning Change Mitigatior 101-0000-41504 AMR Compliance 101-0000-41507 Burrtec Admin Cost Reim 101-0000-41920 Memorial Tree Revenue 101-0000-42000 Insurance Recoveries 101-0000-42140 Sales of Publications & M 101-0000-42301 Miscellaneous Revenue 101-0000-42305 Miscellaneous Reimburse 101-0000-43505 Credit Card Fee Revenue 101-0000-48500 Extraordinary Gain 370 - Miscellaneous Totals: 380 - Transfers In 101-0000-49500 Transfers In 380 - Transfers In Totals: 103,103 4,162 11,615 64,049 53,487 17,480 471 8,451 74,486 52,143 389,446 120,000 6,000 35,000 65,000 60,000 15,000 1,500 5,000 30,000 10,000 347,500 120,000 6,000 35,000 65,000 60,000 15,000 1,500 5,000 30,000 10,000 347,500 24,147 10,110 22,504 55,737 35,920 17,203 5,150 0 45,777 23,021 239,569 20,000 (100,000) 12,000 6,000 35,000 0 50,000 (15,000) 50,000 (10,000) 15,000 0 8,000 6,500 5,000 0 50,000 20,000 30,000 20,000 275,000 (72,500) - 83% 100% 0% - 23% - 17% 0% 433% 0% 67% 200% -21% 6,768,481 2,694,670 55,425 0 139,997 5,970 9,664,543 5,785,000 0 40,000 0 140,000 0 5,965,000 5,785,000 0 40,000 0 140,000 0 5,965,000 2,878,974 0 0 8,900 132,014 12,010 3,031,899 6,600,000 0 40,000 0 140,000 16,500 6,796,500 815,000 0 0 0 0 16,500 831,500 742,682 42,370 139,079 1,500 3,142 30 274,250 83,553 49,359 56,674 1,392,640 400,000 50,000 145,000 0 1,000 100 25,000 50,000 40,000 0 711,100 400,000 50,000 145,000 0 1,000 100 125,000 50,000 40,000 0 811,100 364,498 23,398 143,380 1,500 726 305 98,770 58,518 8,781 0 699,877 410,000 23,500 145,000 500 1,000 100 25,000 80,000 10,000 0 695,100 10,000 (26,500) 0 500 0 0 (100,000) 30,000 (30,000) 0 (116,000) 3% - 53% 0% 0% 0% 0% - 80% 60% - 75% 0% -14% 4,993,504 4,993,504 4,993,504 4,993,504 4,993,504 4,993,504 4,993,504 4,993,504 0 (4,993,504) -100% O (4,993,504) -100% 101,368,134 92,242,254 96,677,254 60,071,791 92,769,600 (3,907,654) -4% 134 CITY OF LA QUINTA GENERAL FUND REVENUE NOTES FY 2026/27 PROPOSED BUDGET Fund: 101 - GENERAL FUND 101-0000-40310 Property Tax Revenue 101-0000-41320 101-0000-41326 101-0000-41400 101-0000-41401 101-0000-41402 3,815,000.00 Property tax estimates are provided by HdL consulting services. Actual valuation changes due to the annual 2% Proposition 13 increase, as well as transfers of ownership are included, but completed new construction is not (unless the property was completed and sold in 2025). The City participates in the Teeter program, therefore no delinquencies are assumed. State Sales Tax 12,750,000.00 Bradley Burns (local share of state sales tax) is 1% of the current sales tax rate (8.75%). HdL consulting services budget estimates are factored into projections along with reviews of industry and economic reports and local trends. Measure G Sales Tax 16,000,000.00 Transaction and use sales tax is 1% of the current sales tax rate (8.75%) and is also known as Measure G. Online transactions, as well as big -ticket consumer goods delivered to local addresses drive this number. TOT - Hotels 9,500,000.00 Transient occupancy tax for hotels is 11%. The FY 2026/27 estimate includes a modest increase in projected TOT revenue based on current -year trends and anticipated market conditions. TOT - Short Term Vac. Rentals 5,600,000.00 Transient occupancy tax for short-term vacation rentals (STVR) is 10%. Revenue projections for FY 2026/27 have been adjusted to reflect recent collection activity and changing trends within the short-term rental market. TOT - Bed and Breakfast 100,000.00 Transient occupancy tax for bed and breakfast is 10%. 135 CITY OF LA QUINTA GENERAL FUND REVENUE NOTES FY 2026/27 PROPOSED BUDGET 101-0000-41410 Zoning Change Mitigation Fees 410,000.00 Fees are charged based on development agreements, whereby former commercial property was converted to housing developments and mitigation fees cover lost revenue from the change in development type. 101-0000-41415 STVR Registration Fee 900,000.00 Short-term vacation rental registration fees are updated annually with the City's Master Fee Schedule update. 101-0000-41416 TOT - Resort Fees 325,000.00 TOT levied on resort fees which are charged by some hotels. The City provides an annual incentive rebate program for hotels collecting TOT on resort fees. Rebate programs are budgeted in Centralized Services. 101-0000-41505 Franchise Taxes - Burrtec 1,505,000.00 Burrtec Franchise Fee is based on an agreement with the City and is adjusted annually on January 1st per a consumer price index. 101-0000-41507 Burrtec Admin Cost Reimburse 145,000.00 Base amount of $108,000 adjusted annually on January 1 by the change in the Consumer Price Index (CPI) and ending on 6/30/2037. 101-0000-41800 Property Tax in Lieu of VLF 6,635,000.00 Property tax in lieu of vehicle license fee (VLF) is derived from the 2004 property tax swap whereby cities receive property tax allocation in lieu of VLF's. The VLF allocation can change annually based on the percent increase in property valuations. 136 CITY OF LA QUINTA GENERAL FUND REVENUE NOTES FY 2026/27 PROPOSED BUDGET 101-0000-41900 Allocated Interest 6,600,000.00 The City's current long-term investments, secured at higher interest rates, will continue to generate increased revenue compared to the prior year's budget. This highlights the importance of maintaining a strategic focus on long-term investments as a key component of the City's financial stability and resilience. 101-0000-42200 Leisure Enrichment 5,000.00 The Wellness Center continues to focus on increasing memberships and has expanded operations to seven days a week. 101-0000-42218 Wellness Center Memberships 80,000.00 The Wellness Center continues to focus on increasing memberships and has expanded operations to seven days a week. 101-0000-42420 Fire Plan Review Fee 95,000.00 Fire Plan Reviews are conducted in-house by Riverside County Fire Inspectors. 101-0000-42421 Fire Inspection Fee - New Con 20,000.00 Fire inspections are conducted in-house by Riverside County Fire Inspectors. For FY 2026/27, projected revenue has been revised downward due to a decline in new construction inspections. 101-0000-42440 Appeals - Permits, Licenses, Pr 3,000.00 Appeals for permits, licenses, and violations are captured in this revenue line item. 101-0000-42500 Fire Service Credit 12,850,000.00 Property tax revenue restricted for fire services. 137 CITY OF LA QUINTA GENERAL FUND REVENUE NOTES FY 2026/27 PROPOSED BUDGET 101-0000-43633 CSA 152 Assessments 250,000.00 Annual revenue generated through property tax collection and held by the County until reimbursements for qualified expenditures are submitted by the City. 101-0000-43650 Contributions fromOtherAgen 3,000.00 The approved Last and Final Recognized Obligation Payment Schedule (ROPS) includes an annual administrative fee reimbursement for the City to perform the wind down activities associated with the former Redevelopment Agency. 138 CITY OF LA QUINTA GENERAL FUND EXPENSES FY 2026/27 PROPOSED BUDGET 2024/25 2025/26 2025/26 2025/26 2026/27 26/27 vs. % Change Actuals Original Budget Current Budget YTD Activity* Proposed Budget Current 25/26 in Budget 1001 - City Council 50 - Salaries and Benefits 101-1001-50108 Salaries - Council Membe 144,388 144,000 144,000 120,683 101-1001-50150 Other Compensation 2,407 2,400 2,400 1,979 101-1001-50200 PERS-City Portion 10,724 10,900 10,900 9,032 101-1001-50221 Medical Insurance 88,849 109,100 109,100 78,549 101-1001-50222 Vision Insurance 674 0 0 600 101-1001-50223 Dental Insurance 2,210 0 0 1,841 101-1001-50224 Life Insurance 348 0 0 297 101-1001-50225 Long Term Disability 0 1,000 1,000 0 101-1001-50230 Workers Comp Insurance 23,900 23,700 23,700 17,775 101-1001-50240 Social Security -Medicare 2,093 5,600 5,600 1,750 101-1001-50241 Social Security -FICA 3,432 0 0 2,868 50 - Salaries and Benefits Totals: 279,025 296,700 296,700 235,375 144,000 0 0% 2,400 0 0% 10,850 (50) 0% 120,890 11,790 11% 780 780 0% 2,380 2,380 0% 360 360 0% 0 (1,000) -100% 25,800 2,100 9% 2,120 (3,480) -62% 3,480 3,480 0% 313,060 16,360 6% 62 - Maintenance & Operations 101-1001-60137 Community Special Eveni 15,306 20,000 20,000 18,021 101-1001-60320 Travel & Training 26,100 30,000 30,000 17,603 101-1001-60420 Operating Supplies 475 1,000 1,000 12 30,000 10,000 50% 30,000 0 0% 500 (500) -50% 62 - Maintenance & Operations Totals: 41,881 51,000 51,000 35,636 60,500 9,500 19% 1001 - City Council Totals: 320,906 347,700 347,700 271,010 373,560 25,860 7% 139 CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET Department : 1001 - City Council 101-1001-60137 Community Special Events 30,000 Annual City Open House State of the City Greater Coachella Valley Chamber of Commerce (GCVCC) events 101-1001-60320 Travel & Training 30,000 League of CA Cities- Annual conference, legislative action days, and other trainings Council meeting expenses 140 CITY OF LA QUINTA GENERAL FUND EXPENSES FY 2026/27 PROPOSED BUDGET 2024/25 2025/26 2025/26 Actuals Original Budget Current Budget 2025/26 2026/27 26/27 vs. % Change YTD Activity* Proposed Budget Current 25/26 in Budget 1002 - City Manager 50 - Salaries and Benefits 101-1002-50101 Permanent Full Time 101-1002-50105 Salaries - Overtime 101-1002-50150 Other Compensation 101-1002-50200 PERS-City Portion 101-1002-50215 Other Fringe Benefits 101-1002-50221 Medical Insurance 101-1002-50222 Vision Insurance 101-1002-50223 Dental Insurance 101-1002-50224 Life Insurance 101-1002-50225 Long Term Disability 101-1002-50230 Workers Comp Insurance 101-1002-50240 Social Security -Medicare 101-1002-50241 Social Security -FICA 101-1002-50251 Temporary 50 - Salaries and Benefits Totals: 60 - Contract Services 101-1002-60101 Contract Services - Admi 101-1002-60103 Professional Services 60 - Contract Services Totals: 62 - Maintenance & Operations 101-1002-60320 101-1002-60351 101-1002-60352 101-1002-60400 101-1002-60420 Travel & Training Membership Dues Subscriptions & Publicatk Office Supplies Operating Supplies 62 - Maintenance & Operations Totals: 64 - Other Expenses 101-1002-60510 Contingency for Operatio 64 - Other Expenses Totals: 69 - Internal Service Charges 101-1002-98110 Information Tech Charge 69 - Internal Service Charges Totals: 1002 - City Manager Totals: 725,393 747,100 747,100 193 0 0 867 900 900 64,165 66,700 66,700 30,757 30,800 30,800 116,688 141,800 141,800 1,020 0 0 5,878 0 0 365 0 0 4,361 4,800 4,800 26,700 30,000 30,000 10,974 16,600 16,600 1,938 0 0 31,252 73,400 73,400 1,020,551 1,112,100 1,112,100 649,490 0 796 55,458 71,767 102,807 909 4,908 312 4,045 22,500 9,744 1,396 22,512 946,644 761,820 0 1,070 78,660 58,460 140,420 1,210 6,410 360 5,640 27,100 12,120 3,450 54,400 1,151,120 14,720 2% 0 0% 170 19% 11,960 18% 27,660 90% (1,380) -1% 1,210 0% 6,410 0% 360 0% 840 18% (2,900) -10% (4,480) -27% 3,450 0% (19,000) -26% 39,020 4% 84,000 28,347 112,347 125,000 45,000 170,000 125,000 45,000 170,000 63,000 0 63,000 125,000 145,000 270,000 0 0% 100,000 222% 100,000 59% 7,148 110,021 0 1,380 0 10,000 125,000 5,000 2,000 0 10,000 291,666 5,000 2,000 0 10,711 281,288 1,125 924 0 15,000 300,000 1,000 2,000 500 5,000 50% 8,334 3% (4,000) -80% 0 0% 500 0% 118,549 142,000 308,666 294,049 318,500 9,834 3% 50,400 50,400 300,000 300,000 300,000 300,000 6,113, 344 6,113,344 300,000 300,000 0 0 0% 0% 166,400 166,400 284,800 284,800 284,800 284,800 213,600 213,600 129,600 129,600 (155,200) (155,200) -54% -54% 1,468,247 2,008,900 2,175,566 7,630,637 2,169, 220 (6,346) 0% CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET Department : 1002 - City Manager 101-1002-50101 Permanent Full Time 761,820 80% - City Manager (20% Housing Fund) 60% - Director- Business Unit/Housing Development (40% Housing Fund) 100% - Executive Specialist 80% - Senior Management Analyst (20% Housing Fund) 40% - Management Specialist (60% Housing Fund) 100% - Senior Code Compliance Officer 40% - Administrative Technician (60% Housing Fund) 101-1002-60101 Contract Services - Administra 125,000 Legislative lobbying services Economic development services 101-1002-60103 Professional Services 145,000 Title and appraisal services and property surveys Waste management for special events Economic development consulting 101-1002-60320 Travel & Training 15,000 League of California Cities (LCC) Regional meetings & miscellaneous training such as: Coachella Valley Association of Governments (CVAG), California Cities/Counties Mgmt Foundation (CCMF), and Southern CA Association of Governments (SCAG) Other miscellaneous training and conferences 101-1002-60351 Membership Dues 300,000 International City/County Mgmt Association (ICMA) League of CA Cities (LCC) - Riverside California Cities/Counties Mgmt Foundation (CCMF) Coachella Valley Association of Governments (CVAG) National League of Cities (NLC) Southern CA Association of Governments (SCAG) Municipal Management Association of Southern CA (MMASC) 101-1002-60352 Subscriptions & Publications 1,000 Property analysis and grant solutions 142 CITY OF LA QUINTA GENERAL FUND EXPENSES FY 2026/27 PROPOSED BUDGET 2024/25 2025/26 2025/26 Actuals Original Budget Current Budget 2025/26 2026/27 26/27 vs. % Change YTD Activity* Proposed Budget Current 25/26 in Budget 1004 - Human Resources 50 - Salaries and Benefits 101-1004-50101 Permanent Full Time 101-1004-50150 Other Compensation 101-1004-50200 PERS-City Portion 101-1004-50215 Other Fringe Benefits 101-1004-50221 Medical Insurance 101-1004-50222 Vision Insurance 101-1004-50223 Dental Insurance 101-1004-50224 Life Insurance 101-1004-50225 Long Term Disability 101-1004-50230 Workers Comp Insurance 101-1004-50240 Social Security -Medicare 101-1004-50251 Temporary 101-1004-50252 Annual Wellness Dollar R 50 - Salaries and Benefits Totals: 60 - Contract Services 101-1004-60103 Professional Services 101-1004-60104 Consultants/Employee Se 101-1004-60125 Temporary Agency Servil 60 - Contract Services Totals: 62 - Maintenance & Operations 101-1004-60129 101-1004-60320 101-1004-60322 101-1004-60340 101-1004-60351 101-1004-60352 101-1004-60400 101-1004-60420 Recruiting/Pre-Employme Travel & Training Training & Education/MOi Employee Recognition Ev Membership Dues Subscriptions & Publicatk Office Supplies Operating Supplies 62 - Maintenance & Operations Totals: 69 - Internal Service Charges 101-1004-98110 Information Tech Charge 69 - Internal Service Charges Totals: 292,254 0 23,591 3,873 63,098 842 4,886 209 1,988 13,200 4,627 23,839 15,106 447,514 4,144 22,720 110,683 137,546 316,000 0 30,200 3,900 84,900 0 0 0 2,000 14,200 5,600 62,700 18,000 537,500 34,500 20,000 0 54,500 316,000 0 30,200 3,900 84,900 0 0 0 2,000 14,200 5,600 62,700 18,000 537,500 34,500 20,000 0 54,500 275,030 0 29,308 3,268 68,352 887 4,783 180 1,967 10,650 5,441 97,755 4,050 501,670 33,650 11,388 1,024 46,062 333,020 520 38,130 3,900 92,370 1,140 6,110 220 2,460 15,500 7,020 136,960 18,000 655,350 55,000 10,000 0 65,000 17,020 5% 520 0% 7,930 26% 0 0% 7,470 9% 1,140 0% 6,110 0% 220 0% 460 23% 1,300 9% 1,420 25% 74,260 118% 0 0% 117,850 22% 20,500 59% (10,000) -50% 0 0% 10,500 19% 8,199 (376) 6,583 35,327 6,909 734 654 440 50,000 10,000 52,500 45,000 12,000 1,500 1,000 1,000 50,000 10,000 52,500 45,000 12,000 1,500 1,000 1,000 38,009 (1,020) 8,776 27,865 7,164 689 373 411 45,000 10,000 52,500 45,000 12,000 1,500 1,000 1,000 (5,000) -10% 0 0% 0 0% 0 0% 0 0% 0 0% 0 0% 0 0% 58,471 89,700 89,700 173,000 116,900 116,900 173,000 116,900 116,900 82,266 87,675 87,675 168,000 70,700 70,700 (5,000) -3% (46,200) -40% (46,200) -40% 1004 - Human Resources Totals: 733,231 881,900 881,900 717,672 959,050 77,150 9% 143 CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET Department : 1004 - Human Resources 101-1004-50101 Permanent Full Time 333,020 100% - Human Resources Deputy Director 100% - Management Specialist 100% - Human Resources Technician/Apprentice 101-1004-60103 Professional Services 55,000 Citywide employee development programs 101-1004-60104 Consultants/Employee Service 10,000 CaIPERS- Monthly medical premium and administration fees TAG/AMS DOT random screenings DMV medical exams (Class B) Bilingual testing 101-1004-60129 Recruiting/Pre-Employment 45,000 Interview panel costs Fingerprinting Physicals and drug screenings Background checks 101-1004-60320 Travel & Training 10,000 Liebert Cassidy Whitmore (LCW)- law & labor relations Educational forums and miscellaneous training 101-1004-60351 Membership Dues 12,000 Society of HR Management (SHRM) Professionals in HR Association (PIHRA) International Public Management Association for HR (IPMA-HR), World at Work (WOW) CV Employment Relations Consortium (LCW) CA Public Employers Labor Relations Assoc. (CalPELRA1 101-1004-60352 Subscriptions & Publications 1,500 Labor law compliance posters 144 CITY OF LA QUINTA GENERAL FUND EXPENSES FY 2026/27 PROPOSED BUDGET 2024/25 2025/26 2025/26 Actuals Original Budget Current Budget 2025/26 2026/27 26/27 vs. % Change YTD Activity* Proposed Budget Current 25/26 in Budget 3007 - Marketing & Community Relations 50 - Salaries and Benefits 101-3007-50101 Permanent Full Time 101-3007-50200 PERS-City Portion 101-3007-50215 Other Fringe Benefits 101-3007-50221 Medical Insurance 101-3007-50222 Vision Insurance 101-3007-50223 Dental Insurance 101-3007-50224 Life Insurance 101-3007-50225 Long Term Disability 101-3007-50230 Workers Comp Insurance 101-3007-50240 Social Security -Medicare 50 - Salaries and Benefits Totals: 60 - Contract Services 101-3007-60134 101-3007-60137 101-3007-60151 60 - Contract Services Totals: Promotional Items Community Engagement VGPS - Visit Greater Paln 62 - Maintenance & Operations 101-3007-60320 101-3007-60351 101-3007-60410 101-3007-60420 101-3007-60450 101-3007-60461 Travel & Training Membership Dues Printing Operating Supplies Sponsorships/Advertising, Marketing & Tourism Pro' 62 - Maintenance & Operations Totals: 69 - Internal Service Charges 101-3007-98110 Information Tech Charge 69 - Internal Service Charges Totals: 218,202 16,792 1,304 57,209 495 3,270 141 1,479 9,600 3,164 311,655 49,456 21,479 379,472 450,407 13,422 9,848 16,404 1,904 90,400 871,223 1,003,201 59,800 59,800 235,100 18,800 2,600 54,600 0 0 0 1,500 9,500 3,500 325,600 90,000 10,000 345,240 445,240 15,000 10,000 20,000 2,000 110,000 970,000 1,127,000 77,900 77,900 235,100 18,800 2,600 54,600 0 0 0 1,500 9,500 3,500 325,600 90,000 10,000 345,240 445,240 15,000 10,000 20,000 2,000 125,000 970,000 1,142,000 77,900 77,900 196,789 15,271 1,090 46,623 440 2,728 120 1,406 7,125 2,853 274,445 74,670 10,083 411,990 496,744 7,200 8,926 11,605 379 119,601 681,825 829,536 58,425 58,425 350,720 28,450 3,900 93,250 670 4,120 220 2,600 15,500 5,200 504,630 125,000 0 400,000 525,000 20,000 15,000 20,000 2,000 150,000 970,000 1,177,000 70,700 70,700 115,620 9,650 1,300 38,650 670 4,120 220 1,100 6,000 1,700 179,030 35,000 (10,000) 54,760 79,760 5,000 5,000 0 0 25,000 0 35,000 (7,200) (7,200) 49% 51% 50% 71% 0% 0% 0% 73% 63% 49% 55% 39% -100% 16% 18% 33% 50% 0% 0% 20% 0% 3% -9% -9 % Marketing & Community Relations Totals: 1,825,063 1,975,740 1,990,740 1,659,150 2,277,330 286,590 14% 145 CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET Department : 3007 - Marketing & Community Relations 101-3007-50101 Permanent Full Time 350,720 100% - Marketing Manager 100% - Marketing & Communications Specialist/Apprentice (2) 101-3007-60134 Promotional Items 125,000 For community engagement, special events, staff uniforms and other promotional items 101-3007-60151 VGPS - Visit Greater Palm Spri 400,000 Payment of transient occupancy tax (TOT) to Visit Greater Palm Springs (VGPS) for a percentage all TOT revenue collected to jointly encourage, promote, and attract visitors to the Coachella Valley. .0015 of gross rental revenue for non -convention TOT .0035 of gross rental revenue for convention TOT 101-3007-60320 Travel & Training 20,000 Visit CA - travel destination conference CalTravel - travel destination conference 101-3007-60351 Membership Dues 15,000 Coachella Valley Economic Partnership (CVEP), CA Association of Public Information Officers (CAPIO), Cal Travel, Public Relations Society of America (PRSA), Mail Chimp, and Ragan Communications 101-3007-60410 Printing 20,000 Citywide business cards, brochures, mailers, postcards, event signage, and banners. 146 CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET 101-3007-60450 Sponsorships/Advertising 150,000.00 Various sponsorships including Modernism Week, National Date Festival, Palm Springs Air Museum, Palm Springs International Film Festival, and Desert International Horse Park, among others that support tourism, community engagement, and regional partnerships. 101-3007-60461 Marketing & Tourism Promotio 970,000.00 Chamber of Commerce contract including the Gem monthly publication Photography, video, commercials, music licensing Marketing Contracts/Efforts including tourism, community outreach, and economic development Palm Springs Life Vision State of the City 147 CITY OF LA QUINTA GENERAL FUND EXPENSES FY 2026/27 PROPOSED BUDGET 2024/25 2025/26 2025/26 2025/26 2026/27 26/27 vs. % Change Actuals Original Budget Current Budget YTD Activity* Proposed Budget Current 25/26 in Budget 1003 - City Attorney 60 - Contract Services 101-1003-60153 Attorney 642,117 450,000 450,000 166,189 1 500,000 50,000 101-1003-60154 Attorney/Litigation 877,763 650,000 650,000 954,233 700,000 50,000 60 - Contract Services Totals: 1,519,880 1,100,000 1,100,000 1,120,422 1,200,000 100,000 11% 8% 9% 1003 - City Attorney Totals: 1,519,880 1,100,000 1,100,000 1,120,422 1,200,000 100,000 9% 148 CITY OF LA QUINTA GENERAL FUND EXPENSES FY 2026/27 PROPOSED BUDGET 2024/25 2025/26 2025/26 2025/26 2026/27 26/27 vs. % Change Actuals Original Budget Current Budget YTD Activity* Proposed Budget Current 25/26 in Budget 1005 - City Clerk 50 - Salaries and Benefits 101-1005-50101 Permanent Full Time 414,893 667,400 667,400 474,083 101-1005-50105 Salaries - Overtime 0 5,000 5,000 0 101-1005-50150 Other Compensation 490 500 500 356 101-1005-50200 PERS-City Portion 43,520 75,300 75,300 45,860 101-1005-50215 Other Fringe Benefits 5,270 8,970 8,970 4,949 101-1005-50221 Medical Insurance 99,349 188,200 188,200 106,614 101-1005-50222 Vision Insurance 825 0 0 871 101-1005-50223 Dental Insurance 4,600 0 0 4,392 101-1005-50224 Life Insurance 274 0 0 334 101-1005-50225 Long Term Disability 2,642 4,200 4,200 3,246 101-1005-50230 Workers Comp Insurance 28,100 32,600 32,600 24,450 101-1005-50240 Social Security -Medicare 7,628 11,800 11,800 7,266 101-1005-50241 Social Security -FICA 4,230 0 0 652 101-1005-50251 Temporary 110,570 139,900 139,900 25,726 50 - Salaries and Benefits Totals: 722,391 1,133,870 1,133,870 698,799 729,300 61,900 9% 2,000 (3,000) -60% 1,420 920 184% 68,060 (7,240) -10% 8,970 0 0% 227,500 39,300 21% 1,670 1,670 0% 7,920 7,920 0% 500 500 0% 5,140 940 22% 35,500 2,900 9% 10,790 (1,010) -9% 0 0 0% 0 (139,900) -100% 1,098,770 (35,100) -3% 60 - Contract Services 101-1005-60103 Professional Services 259,340 215,000 60 - Contract Services Totals: 259,340 215,000 215,000 136,647 407,000 192,000 89% 215,000 136,647 407,000 192,000 89% 62 - Maintenance & Operations 101-1005-60320 Travel & Training 2,545 15,000 15,000 8,710 101-1005-60351 Membership Dues 2,870 3,500 3,500 2,150 101-1005-60400 Office Supplies 2,939 5,000 5,000 1,903 101-1005-60410 Printing 7,554 10,000 10,000 7,779 101-1005-60420 Operating Supplies 1,947 2,000 2,000 2,287 101-1005-60450 Advertising 5,649 5,000 5,000 3,113 62 - Maintenance & Operations Totals: 23,504 40,500 40,500 25,942 20,000 5,000 33% 3,500 0 0% 5,000 0 0% 10,000 0 0% 3,000 1,000 50% 5,000 0 0% 46,500 6,000 15% 69 - Internal Service Charges 101-1005-98110 Information Tech Charge 176,400 268,700 268,700 201,525 69 - Internal Service Charges Totals: 176,400 268,700 268,700 201,525 1005 - City Clerk Totals: 162,600 162,600 (106,100) -39% (106,100) -39% 1,181,635 1,658,070 1,658,070 1,062,913 1,714,870 56,800 3% 149 CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET Department : 1005 - City Clerk 101-1005-50101 Permanent Full Time 729,300 90% - City Clerk Director (10% Housing) 100% - Deputy City Clerk (2) 100% - Records Coordinator 100% - Records Technician/Apprentice (3) 101-1005-60103 Professional Services 407,000 Municipal Code text and online updates Imaging scanning services For The Record tech support (DSS Corp) DigiCert electronic signatures Citywide fee study updates Insurance compliance Records legislation, requirements, minute writing services, and retention updates STVR Programming Compliance, Analytics & Permitting Software 101-1005-60320 Travel & Training 20,000 CA City Clerks Association annual conference & seminars Municipal Clerks certifications and training 101-1005-60351 Membership Dues 3,500 California City Clerks Association (CCAC) National Notary Association Errors and Omission insurance (E&O) 101-1005-60450 Advertising 5,000 Public hearing notices, Commission and Board vacancies 150 CITY OF LA QUINTA GENERAL FUND EXPENSES FY 2026/27 PROPOSED BUDGET 2024/25 2025/26 2025/26 2025/26 2026/27 26/27 vs. % Change Actuals Original Budget Current Budget YTD Activity* Proposed Budget Current 25/26 in Budget 3001 - Community Services Administratio 50 - Salaries and Benefits 101-3001-50101 Permanent Full Time 153,217 162,000 162,000 139,302 101-3001-50110 Commissions & Boards 1,097 6,300 6,300 328 101-3001-50150 Other Compensation 14 0 0 0 101-3001-50200 PERS-City Portion 11,126 17,300 17,300 14,299 101-3001-50215 Other Fringe Benefits 830 1,600 1,600 1,307 101-3001-50221 Medical Insurance 11,266 32,800 32,800 17,049 101-3001-50222 Vision Insurance 63 0 0 106 101-3001-50223 Dental Insurance 368 0 0 575 101-3001-50224 Life Insurance 46 0 0 72 101-3001-50225 Long Term Disability 614 1,100 1,100 969 101-3001-50230 Workers Comp Insurance 5,800 5,700 5,700 4,275 101-3001-50240 Social Security -Medicare 1,356 2,400 2,400 2,025 101-3001-50241 Social Security -FICA 68 0 0 20 166,730 4,730 3% 6,300 0 0% 480 480 0% 18,260 960 6% 2,340 740 46% 23,160 (9,640) -29% 140 140 0% 740 740 0% 90 90 0% 1,230 130 12% 6,200 500 9% 2,470 70 3% 0 0 0% 50 - Salaries and Benefits Totals: 185,864 229,200 229,200 180,328 228,140 (1,060) 0% 60 - Contract Services 101-3001-60101 Contract Services 25,000 25,000 25,000 25,000 101-3001-60122 Credit Card Fees 6,900 1,000 1,000 0 101-3001-60135 Boys & Girls Club 40,000 60,000 60,000 40,000 60 - Contract Services Totals: 71,900 86,000 86,000 65,000 25,000 0 0% 1,000 0 0% 60,000 0 0% 86,000 0 0% 62 - Maintenance & Operations 101-3001-60157 Rent Expense 0 3,000 3,000 0 101-3001-60320 Travel & Training 0 4,000 4,000 0 101-3001-60351 Membership Dues 555 1,000 1,000 0 101-3001-60400 Office Supplies 623 5,000 5,000 1,843 101-3001-60510 Grants & Economic Devel 155,000 175,000 175,000 119,500 101-3001-60531 Homeless Bus Passes 3,000 3,000 3,000 3,000 62 - Maintenance & Operations Totals: 159,178 191,000 191,000 124,343 5,000 2,000 67% 4,000 0 0% 1,000 0 0% 5,000 0 0% 185,000 10,000 6% 3,000 0 0% 203,000 12,000 6% 69 - Internal Service Charges 101-3001-98110 Information Tech Charge 35,900 71,800 71,800 53,850 69 - Internal Service Charges Totals: 35,900 71,800 71,800 53,850 28,300 (43,500) -61% 28,300 (43,500) -61% ommunity Services Administration Totals: 452,842 578,000 578,000 423,520 545,440 (32,560) -6% CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET Department : 3001 - Community Services Administration 101-3001-50101 Permanent Full Time 166,730 40% - Community Services Deputy Director (40% Wellness Center, 20% Library & Museum Fund) 80% - Senior Management Analyst (20% Library & Museum Fund) 101-3001-60101 Contract Services 25,000 Old Town Artisan Studio Wellness West partnership 101-3001-60157 Rent Expense 5,000 DSUSD Facility Use rental 101-3001-60320 Travel & Training 4,000 Leadership training 101-3001-60351 Membership Dues 1,000 International City/County Management Association (ICMA) Americans for the Arts California Parks & Recreation Society (CPRS) National Recreation & Park Association NRPA 101-3001-60510 Grants & Economic Developme 185,000 $100,000 for Community Services Grants are administered per City Policy and selected via a Grant Ad Hoc Committee $75,000 for food distribution and other social service programs 152 CITY OF LA QUINTA GENERAL FUND EXPENSES FY 2026/27 PROPOSED BUDGET 2024/25 2025/26 2025/26 2025/26 2026/27 26/27 vs. % Change Actuals Original Budget Current Budget YTD Activity* Proposed Budget Current 25/26 in Budget 3002 - Wellness Center Operations 50 - Salaries and Benefits 101-3002-50101 Permanent Full Time 249,218 265,300 265,300 225,245 101-3002-50102 Salaries - Part Time 114,711 122,750 122,750 151,608 101-3002-50105 Salaries - Overtime 7,381 5,000 5,000 10,607 101-3002-50150 Other Compensation 963 1,000 1,000 792 101-3002-50200 PERS-City Portion 32,259 32,000 32,000 28,754 101-3002-50215 Other Fringe Benefits 3,128 3,200 3,200 2,615 101-3002-50221 Medical Insurance 41,541 41,200 41,200 35,961 101-3002-50222 Vision Insurance 595 0 0 527 101-3002-50223 Dental Insurance 3,245 0 0 2,788 101-3002-50224 Life Insurance 169 0 0 144 101-3002-50225 Long Term Disability 1,763 1,700 1,700 1,692 101-3002-50230 Workers Comp Insurance 11,500 11,400 11,400 8,550 101-3002-50240 Social Security -Medicare 5,428 3,900 3,900 5,688 101-3002-50241 Social Security -FICA 4,732 0 0 7,682 101-3002-50251 Temporary 0 0 0 2,326 274,230 8,930 3% 120,440 (2,310) -2% 7,000 2,000 40% 1,480 480 48% 36,650 4,650 15% 2,600 (600) -19% 49,850 8,650 21% 730 730 0% 3,750 3,750 0% 170 170 0% 2,030 330 19% 12,400 1,000 9% 6,080 2,180 56% 7,530 7,530 0% 34,930 34,930 0% 50 - Salaries and Benefits Totals: 476,633 487,450 487,450 484,978 559,870 72,420 15% 60 - Contract Services 101-3002-60103 Professional Services 0 5,000 5,000 0 101-3002-60107 Instructors 37,238 32,000 32,000 30,905 101-3002-60108 Technical 4,000 4,000 4,000 4,000 60 - Contract Services Totals: 41,238 41,000 41,000 34,905 0 (5,000) -100% 32,000 0 0% 4,000 0 0% 36,000 (5,000) -12% 62 - Maintenance & Operations 101-3002-60157 Rental Expense 0 3,000 3,000 180 101-3002-60320 Travel & Training 0 5,000 5,000 0 101-3002-60351 Membership Dues 570 2,000 2,000 594 101-3002-60352 Subscriptions & Publicatk 435 2,500 2,500 437 101-3002-60400 Office Supplies 461 5,000 5,000 539 101-3002-60420 Operating Supplies 26,917 50,000 50,000 39,689 101-3002-60432 Tools/Equipment 0 1,000 1,000 0 62 - Maintenance & Operations Totals: 68 - Capital Expenses 101-3002-80101 Machinery & Equipment 68 - Capital Expenses Totals: 5,000 2,000 67% 5,000 0 0% 2,000 0 0% 2,500 0 0% 5,000 0 0% 70,000 20,000 40% 1,000 0 0% 28,382 68,500 68,500 41,439 90,500 22,000 32% 0 20,000 20,000 16,595 I 50,000 30,000 150% 0 20,000 20,000 16,595 50,000 30,000 150% 69 - Internal Service Charges 101-3002-98110 Information Tech Charge 71,800 93,500 93,500 70,125 I 56,600 (36,900) -39% 101-3002-98140 Facility & Fleet Maintenar 20,300 20,700 20,700 15,525 20,600 (100) 0% 69 - Internal Service Charges Totals: 92,100 114,200 114,200 85,650 77,200 (37,000) -32% 1002 - Wellness Center Operations Totals: 638,353 731,150 731,150 663,567 813,570 82,420 11% 153 CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET Department : 3002 - Wellness Center Operations 101-3002-50101 Permanent Full Time 274,230 40% - Community Services Deputy Director (40% Community Services Administration, 20% Library & Museum Fund) 100% - Senior Community Services Specialist 100% - Community Services Specialist 101-3002-50102 Salaries - Part Time 120,440 50% Senior Recreation Leader (50% Recreation Programs Special Events) 50% Recreation Leader (8) (50% Recreation Programs & Special Events) 101-3002-60107 Instructors 32,000 Instructors for fitness classes and programming 101-3002-60108 Technical 4,000 Annual sponsorship for the Riverside County Senior Inspiration Awards 101-3002-60157 Rental Expense 5,000 General insurances and security guards for facility rentals 101-3002-60320 Travel & Training 5,000 Park and recreational activity program training and certification 101-3002-60351 Membership Dues 2,000 National Council on Aging (NCOA) TechnoGym apps Motion Picture Licensing Corporation (MPLC) Broadcast Music Inc. (BMI) 101-3002-60352 Subscriptions & Publications 2,500 Desert Sun newspaper Wellness publications 154 CITY OF LA QUINTA GENERAL FUND EXPENSES FY 2026/27 PROPOSED BUDGET 2024/25 2025/26 2025/26 2025/26 2026/27 26/27 vs. % Change Actuals Original Budget Current Budget YTD Activity* Proposed Budget Current 25/26 in Budget 3003 - Recreation Programs & Special Eve 50 - Salaries and Benefits 101-3003-50101 Permanent Full Time 253,052 275,300 275,300 135,065 101-3003-50102 Salaries - Part Time 66,223 245,500 245,500 87,944 101-3003-50105 Salaries - Overtime 5,620 5,000 5,000 6,904 101-3003-50150 Other Compensation 0 0 0 0 101-3003-50200 PERS-City Portion 23,662 29,900 29,900 13,386 101-3003-50215 Other Fringe Benefits 5,204 5,200 5,200 2,518 101-3003-50221 Medical Insurance 51,096 330,200 330,200 23,869 101-3003-50222 Vision Insurance 446 0 0 135 101-3003-50223 Dental Insurance 2,571 0 0 740 101-3003-50224 Life Insurance 272 0 0 137 101-3003-50225 Long Term Disability 1,757 1,800 1,800 1,021 101-3003-50230 Workers Comp Insurance 23,900 18,900 18,900 14,175 101-3003-50240 Social Security -Medicare 4,755 16,600 16,600 3,396 101-3003-50241 Social Security -FICA 874 0 0 3,221 101-3003-50251 Temporary 0 0 0 2,703 266,660 (8,640) -3% 120,440 (125,060) -51% 6,000 1,000 20% 520 520 0% 24,230 (5,670) -19% 5,200 0 0% 163,840 (166,360) -50% 780 780 0% 5,910 5,910 0% 290 290 0% 1,970 170 9% 20,600 1,700 9% 5,840 (10,760) -65% 7,530 7,530 0% 34,930 34,930 0% 50 - Salaries and Benefits Totals: 439,430 928,400 928,400 295,215 664,740 (263,660) -28% 60 - Contract Services 101-3003-60184 Fritz Burns Pool Program 175,454 101-3003-60190 X Park Programming 401,291 60 - Contract Services Totals: 576,745 266,200 266,200 246,635 279,490 13,290 445,500 445,500 410,869 467,730 22,230 711,700 711,700 657,505 747,220 35,520 5% 5% 5% 62 - Maintenance & Operations 101-3003-60149 Community Experiences 355,725 101-3003-60157 Rental Expense 3,865 101-3003-60320 Travel & Training 0 101-3003-60351 Membership Dues 0 101-3003-60420 Operating Supplies 4,128 101-3003-60512 LQ Art Event 0 62 - Maintenance & Operations Totals: 595,000 595,000 619,507 5,000 5,000 2,675 1,000 1,000 0 2,000 2,000 0 6,000 6,000 5,279 50,000 50,000 0 905,000 310,000 52% 8,000 3,000 60% 1,000 0 0% 2,000 0 0% 10,000 4,000 67% 50,000 0 0% 363,719 659,000 659,000 627,461 976,000 317,000 48% 69 - Internal Service Charges 101-3003-98110 Information Tech Charge 149,500 155,800 155,800 116,850 I 94,300 (61,500) -39% 101-3003-98140 Facility & Fleet Maintenar 20,300 20,700 20,700 15,525 20,600 (100) 0% 69 - Internal Service Charges Totals: 169,800 176,500 176,500 132,375 114,900 (61,600) -35% reation Programs & Special Events Totals: 1,549,694 2,475,600 2,475,600 1,712,556 2,502,860 27,260 1% 155 CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET Department : 3003 - Recreation Programs & Special Events 101-3003-50101 Permanent Full Time 100% - Administrative Technician (4) 266,660 101-3003-50102 Salaries - Part Time 120,440 50% Senior Recreation Leader (50% Wellness Center Operations) 101-3003-60149 Community Experiences 905,000 Community Experiences (events) include costs for AV, vendors, supplies, permitting/licenses, insurances, interactive amenities with staffing, marketing materials & promotional items, sponsorships, and materials/supplies for the La Quinta Youth Collective (youth leadership program). Anticipated events include 9/11, Art on Main, City Picnic, Concerts in Park, Egg Hunt, Ironman LQ - promotion and end of race activities, Mission LQ Rocket Launch, Modernism Week, Community Recognition Programs, Summer Golf Experience, Tree Lighting, Veteran's Day Recognition, Goldstar Recognition, Fly Over LQ, Hunter Lopez Saber Vigil, and other seasonal/lifestyle events. 101-3003-60157 Rental Expense 8,000 Special event insurances and security guards for events 101-3003-60184 Fritz Burns Pool Programming 279,490 Pool operating contract services 101-3003-60320 Travel & Training 1,000 Park and recreation program training and certifications 101-3003-60351 Membership Dues 2,000 Music license fees: American Society of Composers, Authors and Publishers (ASCAP) Broadcast Music Inc. (BMI) 156 CITY OF LA QUINTA GENERAL FUND EXPENSES FY 2026/27 PROPOSED BUDGET 2001 - Police 60 - Contract Services 101-2001-60103 101-2001-60109 101-2001-60161 101-2001-60162 101-2001-60163 101-2001-60164 101-2001-60165 101-2001-60166 101-2001-60167 101-2001-60168 101-2001-60169 101-2001-60170 101-2001-60171 101-2001-60172 101-2001-60174 101-2001-60175 101-2001-60176 101-2001-60193 Professional Services LQ Police Volunteers Sheriff Patrol Police Overtime Target Team Community Services OM Special Enforcement/City Gang Task Force Narcotics Task Force School Officer Motor Officer Dedicated Sargeants Dedicated Lieutenant Sheriff - Mileage Blood/Alcohol Testing Special Enforcement Funi Sheriff - Other Sexual Assault Exam Fee 60 - Contract Services Totals: 62 - Maintenance & Operations 101-2001-60320 Travel & Training 101-2001-60420 Operating Supplies 62 - Maintenance & Operations Totals: 65 - Repair & Maintenance 101-2001-60692 Public Safety Camera Sy! 65 - Repair & Maintenance Totals: 66 - Utilities 101-2001-61300 101-2001-61400 Telephone - Utilities Cable/Internet - Utilities 66 - Utilities Totals: 68 - Capital Expenses 101-2001-71031 Vehicles 68 - Capital Expenses Totals: 69 - Internal Service Charges 101-2001-98110 Information Tech Charge 101-2001-98140 Facility & Fleet Maintenar 69 - Internal Service Charges Totals: 2024/25 2025/26 2025/26 Actuals Original Budget Current Budget 2025/26 2026/27 26/27 vs. % Change YTD Activity* Proposed Budget Current 25/26 in Budget 3,000 0 0 3,100 0 0 9,119 12,000 12,000 3,908 10,000 (2,000) 9,221,715 12,100,000 12,100,000 6,156,976 12,950,000 850,000 274,144 450,000 450,000 243,843 470,000 20,000 2,021,982 2,300,000 2,300,000 1,267,462 2,450,000 150,000 761,635 920,000 920,000 539,498 1,000,000 80,000 118,394 135,000 135,000 113,971 160,000 25,000 227,763 260,000 260,000 150,767 275,000 15,000 223,334 260,000 260,000 153,993 275,000 15,000 139,561 305,000 305,000 115,260 335,000 30,000 1,989,655 2,300,000 2,300,000 1,181,019 2,500,000 200,000 576,479 700,000 700,000 387,598 800,000 100,000 353,207 400,000 400,000 241,712 450,000 50,000 576,386 500,000 500,000 432,964 650,000 150,000 38,903 40,000 40,000 26,731 40,000 0 53,294 100,000 100,000 51,438 100,000 0 464,993 500,000 500,000 50,545 500,000 0 7,108 10,000 10,000 2,644 5,000 (5,000) 17,060,670 21,292,000 21,292,000 11,123,430 22,970,000 1,678,000 0% - 17% 7% 4% 7% 9% 19% 6% 6% 10% 9% 14% 13% 30% 0% 0% 0% - 50% 8% 2,413 6,716 9,129 6,000 10,000 16,000 6,000 10,000 16,000 0 1,948 1,948 5,000 10,000 15,000 (1,000) 0 (1,000 ) - 17% 0% -6% 180,589 180,589 250,000 250,000 275,000 275,000 240,052 240,052 260,000 260,000 (15,000) (15,000) -5% -5% 10,687 6,432 17,119 14,000 8,000 22,000 14,000 8,000 22,000 8,004 5,368 13,372 12,000 9,000 21,000 (2,000) 1,000 (1,000) - 14% 13% -5% 31,595 31,595 35,000 35,000 80,000 80,000 76,818 I 76,818 45,000 45,000 (35,000) (35,000) - 44 % -44% 10,000 60,800 70,800 15,000 62,000 77,000 15,000 62,000 77,000 11,250 46,500 57,750 15,000 61,800 76,800 0 (200) (200) 0% 0% 0% 2001 - Police Totals: 17,369,902 21,692,000 21,762,000 11,513,370 23,387,800 1,625,800 7% 157 CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET Department : 2001 - Police 101-2001-60161 Sheriff Patrol 12,950,000 Increases for Police services in FY 2026/27 are attributed to rising labor and pension costs. Daily patrol hours (130) and service levels are incorporated and remain unchanged from the prior year. The contract funds the following positions: 1 Lieutenant, 2 Sergeants, 3 Motor Traffic Officers, 2 Traffic Officers, 5 Special Enforcement Team Officers, 2 Deputy Sheriff Officers, and 6 Community Service Officers. 101-2001-60320 Travel & Training 5,000 Crime prevention officers will provide training to the Citizens on Patrol 101-2001-71031 Vehicles 45,000 Funding is included for the replacement of one aging police motorcycle as part of the Department's scheduled equipment replacement program. Regular replacement supports officer safety, operational reliability, and long-term maintenance cost control. 158 CITY OF LA QUINTA GENERAL FUND EXPENSES FY 2026/27 PROPOSED BUDGET 2024/25 2025/26 2025/26 Actuals Original Budget Current Budget 2025/26 2026/27 26/27 vs. % Change YTD Activity* Proposed Budget Current 25/26 in Budget 2002 - Fire 50 - Salaries and Benefits 101-2002-50101 Permanent Full Time 101-2002-50105 Salaries - Overtime 101-2002-50150 Other Compensation 101-2002-50200 PERS-City Portion 101-2002-50215 Other Fringe Benefits 101-2002-50221 Medical Insurance 101-2002-50222 Vision Insurance 101-2002-50223 Dental Insurance 101-2002-50224 Life Insurance 101-2002-50225 Long Term Disability 101-2002-50230 Workers Comp Insurance 101-2002-50240 Social Security -Medicare 101-2002-50241 Social Security -FICA 101-2002-50251 Temporary 50 - Salaries and Benefits Totals: 60 - Contract Services 101-2002-60110 101-2002-60112 101-2002-60116 101-2002-60123 101-2002-60139 Volunteers - Fire Landscape Contract Pest Control Security & Alarm Fire Service Costs 101-2002-60140 MOU - Ladder Truck 101-2002-60525 Golf Tournament 60 - Contract Services Totals: 62 - Maintenance & Operations 101-2002-60320 101-2002-60351 101-2002-60400 101-2002-60406 101-2002-60410 101-2002-60431 101-2002-60445 101-2002-60545 101-2002-60670 101-2002-60671 101-2002-60691 Travel & Training Membership Dues Office Supplies Disaster Prep Supplies Printing Materials/Supplies Non -Reimbursable Misc Small Tools & Equipment Fire Station Repair & Maintenance - E Maintenance/Services 62 - Maintenance & Operations Totals: 181,038 983 337 14,441 1,927 32,192 511 2,647 134 1,276 9,100 2,912 532 15,764 263,793 195,800 4,000 400 20,100 2,470 33,100 0 0 0 1,300 9,000 4,700 0 67,700 338,570 195,800 4,000 400 20,100 2,470 33,100 0 0 0 1,300 9,000 4,700 0 67,700 338,570 163,210 42 277 12,934 1,090 28,359 463 2,340 114 1,207 6,750 2,606 537 14,006 233,935 203,470 4,000 700 18,810 2,470 38,380 600 3,110 100 1,510 9,800 3,640 600 37,940 325,130 7,670 4% 0 0% 300 75% (1,290) -6% 0 0% 5,280 16% 600 0% 3,110 0% 100 0% 210 16% 800 9% (1,060) -23% 600 0% (29,760) -44% (13,440) -4% 1,390 64,000 4,229 379 8,621,808 250,806 65,828 9,008,441 4,000 4,000 68,000 68,000 6,500 6,500 4,000 4,000 10,100,000 10,100,000 330,000 330,000 85,000 85,000 10, 597, 500 10, 597, 500 658 51,250 3,908 0 4,863,955 140,879 68,986 5,129,635 4,000 70,000 7,000 4,000 11,000,000 330,000 85,000 11,500,000 0 0% 2,000 3% 500 8% 0 0% 900,000 9% 0 0% 0 0% 902,500 9% 3,679 821 858 5,203 1,076 631 0 219 14,755 384 55,179 82,805 4,500 1,200 1,000 45,000 1,200 20,000 20,000 2,500 40,000 30,000 65,000 230,400 4,500 1,200 1,000 45,000 1,200 20,000 20,000 2,500 40,000 30,000 65,000 230,400 228 836 72 3,566 483 0 0 246 23,406 262 61,446 90,544 4,500 1,300 1,000 45,000 1,200 20,000 20,000 2,500 40,000 30,000 70,000 235,500 0 0% 100 8% 0 0% 0 0% 0 0% 0 0% 0 0% 0 0% 0 0% 0 0% 5,000 8% 5,100 2% 65 - Repair & Maintenance 101-2002-60667 HVAC 0 0 0 0 I 50,000 50,000 0% 65 - Repair & Maintenance Totals: 0 0 0 0 50,000 50,000 0% CITY OF LA QUINTA GENERAL FUND EXPENSES FY 2026/27 PROPOSED BUDGET 2024/25 2025/26 2025/26 Actuals Original Budget Current Budget 2025/26 2026/27 YTD Activity* Proposed Budget 26/27 vs. Current 25/26 0/0 Change in Budget 66 - Utilities 101-2002-61100 101-2002-61101 101-2002-61200 101-2002-61300 101-2002-61304 101-2002-61400 Gas - Utilities/Propane Electricity - Utilities Water - Utilities Telephone - Utilities Mobile/Cell Phones/Satell Cable/Internet - Utilities 66 - Utilities Totals: 68 - Capital Expenses 101-2002-71021 Furniture 101-2002-72110 Building Improvements 101-2002-80101 Machinery & Equipment 68 - Capital Expenses Totals: 69 - Internal Service Charges 101-2002-91843 Property & Crime Insurar 101-2002-91844 Earthquake Insurance 101-2002-98110 Information Tech Charge 101-2002-98140 Facility & Fleet Maintenar 69 - Internal Service Charges Totals: 2002 - Fire Totals: 4,282 40,507 12,343 8,414 7,987 7,100 80,633 6,000 52,000 16,000 10,000 10,000 10,000 104,000 6,000 52,000 16,000 10,000 10,000 10,000 104,000 3,038 32,708 8,461 2,232 8,829 6,403 61,670 6,000 55,000 16,000 3,000 10,000 10,000 100,000 0 3,000 0 (7,000) 0 0 (4,000) 0% 6% 0% - 70% 0% 0% -4% 3,952 16,070 14,640 34,662 6,000 16,220 56,800 101,300 180,320 20,000 200,000 20,000 240,000 6,512 15,930 20,000 103,300 145,742 20,000 200,000 420,000 640,000 6,512 15,930 20,000 103,300 145,742 1,305 0 26,646 27,951 4,884 11,948 15,000 77,475 109,306 20,000 200,000 30,000 250,000 6,577 16,090 20,000 103,000 145,667 0 0 (390,000) (390,000) 65 160 0 (300) (75) 0% 0% - 93% -61% 9,650,654 11,656,212 12,056,212 5,653,041 12,606,297 550,085 5% 160 CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET Department : 2002 - Fire 101-2002-50101 Permanent Full Time 101-2002-60112 203,470 20% - Public Safety Deputy Director (80% Public Safety Admin) 100% - Management Analyst 50% - Administrative Technician (50% Public Safety Admin) Landscape Contract 70,000 Landscaping maintenance services for all three fire stations 101-2002-60139 Fire Service Costs 11,000,000 Increases in Fire Services in FY 2026/27 are attributed to rising labor and pension costs, final estimates to be provided at final budget adoption. Services are contracted with Riverside County and include the following: Captains, Medic Engineer, Engineers, Fire Fighter II/Medic, Fire Fighter II, Fire Safety Specialist, Fire Systems Inspector, Fire Safety Supervisor, Overhead/Administration & Direct Operating Expenses, Medic Unit Operating Costs and Fire Engine Charges 101-2002-60320 Travel & Training 4,500 Emergency preparedness citywide training National Emergency Management Academy 101-2002-60351 Membership Dues 1,300 Journal of Emergency Management (JEM) subscription International Association of Emergency Managers (IAEM) 101-2002-60691 Maintenance/Services 70,000 Funding is for regular maintenance services for each station 161 CITY OF LA QUINTA GENERAL FUND EXPENSES FY 2026/27 PROPOSED BUDGET 2024/25 2025/26 2025/26 Actuals Original Budget Current Budget 2025/26 2026/27 26/27 vs. % Change YTD Activity* Proposed Budget Current 25/26 in Budget 6004 - Code Compliance/Animal Control 50 - Salaries and Benefits 101-6004-50101 Permanent Full Time 101-6004-50105 Salaries - Overtime 101-6004-50106 Standby 101-6004-50150 Other Compensation 101-6004-50200 PERS-City Portion 101-6004-50215 Other Fringe Benefits 101-6004-50221 Medical Insurance 101-6004-50222 Vision Insurance 101-6004-50223 Dental Insurance 101-6004-50224 Life Insurance 101-6004-50225 Long Term Disability 101-6004-50230 Workers Comp Insurance 101-6004-50240 Social Security -Medicare 101-6004-50241 Social Security- FICA 101-6004-50251 Temporary 50 - Salaries and Benefits Totals: 60 - Contract Services 101-6004-60103 Professional Services 101-6004-60108 Technical 101-6004-60111 Administrative Citation S, 101-6004-60119 Vehicle Abatement 101-6004-60120 Lot Cleaning/Gravel Prog 101-6004-60122 Credit Card Fees 101-6004-60125 Temporary Agency Sery 101-6004-60194 Veterinary Service 101-6004-60197 Animal Shelter Contract 60 - Contract Services Totals: 62 - Maintenance & Operations 101-6004-60121 101-6004-60320 101-6004-60351 101-6004-60400 101-6004-60410 101-6004-60425 101-6004-60427 101-6004-60690 Low -Income Housing Gra Travel & Training Membership Dues Office Supplies Printing Supplies - Field Safety Gear Uniforms 62 - Maintenance & Operations Totals: 69 - Internal Service Charges 101-6004-98110 Information Tech Charge 101-6004-98140 Facility & Fleet Maintenar 69 - Internal Service Charges Totals: 375,188 4,441 0 0 28,877 5,988 154,688 1,360 8,229 383 2,432 32,400 6,220 1,596 48,429 670,230 56,122 680 7,290 0 29,156 693 406 0 364,170 458,518 0 16,271 400 1,929 1,466 7,101 0 7,986 35,152 168,800 162,000 330,800 556,600 15,000 500 0 46,400 8,840 201,800 0 0 0 3,600 32,200 10,800 0 35,000 910,740 70,000 1,000 25,000 500 25,000 2,000 0 20,000 450,000 593,500 1,000 15,000 1,000 2,500 5,000 9,000 0 6,000 39,500 264,800 165,200 430,000 556,600 15,000 500 0 46,400 8,840 201,800 0 0 0 3,600 32,200 10,800 0 35,000 910,740 70,000 1,000 25,000 500 25,000 2,000 0 20,000 450,000 593,500 1,000 15,000 1,000 2,500 5,000 9,000 0 6,000 39,500 264,800 165,200 430,000 385,741 762 0 0 36,432 6,559 125,372 1,214 6,508 350 2,740 24,150 6,758 1,610 78,793 676,990 47,376 2,200 8,607 300 9,936 1 0 0 288,762 357,182 0 11,790 1,340 1,089 2,140 4,159 936 4,159 25,614 198,600 123,900 322,500 526,690 15,000 500 420 51,240 9,600 216,960 1,800 9,530 460 3,900 35,000 9,390 1,810 107,450 989,750 70,000 1,000 25,000 3,000 25,000 0 0 20,000 500,000 644,000 1,000 15,000 1,500 2,500 5,000 9,000 1,000 6,000 41,000 160,200 164,700 324,900 (29,910) 0 0 420 4,840 760 15,160 1,800 9,530 460 300 2,800 (1,410) 1,810 72,450 79,010 0 0 0 2,500 0 (2,000) 0 0 50,000 50,500 0 0 500 0 0 0 1,000 0 1,500 (104,600) (500) (105,100) -5% 0% 0% 0% 10% 9% 8% 0% 0% 0% 8% 9% -13% 0% 207% 9% 0% 0% 0% 500% 0% -100% 0% 0% 11% 9% 0% 0% 50% 0% 0% 0% 0% 0% 4% -40% 0% -24% - Code Compliance/Animal Control Totals: 1,494,701 1,973,740 1,973,740 1,382,285 1,999,650 25,910 1% 162 CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET Department : 6004 - Code Compliance/Animal Control 101-6004-50101 Permanent Full Time 526,690.00 100% - Animal Control/Code Compliance Supervisor 100% - Senior Code Compliance Officer (2) 100% - Code Compliance Officer/Apprentice (3) 80% - Administrative Technician (20% Fire Fund) 101-6004-60103 Professional Services 70,000.00 Short-term vacation rental compliance 101-6004-60108 Technical 1,000.00 Riverside County recording fees for liens 101-6004-60111 Administrative Citation Service 25,000.00 Data ticket processing of code compliance and police citations 101-6004-60320 Travel & Training 15,000.00 Code Enforcement officer training events 101-6004-60351 Membership Dues 1,500.00 CA Association of Code Enforcement Officers (CACEO) 101-6004-60410 Printing 5,000.00 Community educational outreach 163 CITY OF LA QUINTA GENERAL FUND EXPENSES FY 2026/27 PROPOSED BUDGET 2024/25 2025/26 2025/26 2025/26 2026/27 26/27 vs. % Change Actuals Original Budget Current Budget YTD Activity* Proposed Budget Current 25/26 in Budget 6005 - Public Safety Administration 50 - Salaries and Benefits 101-6005-50101 Permanent Full Time 165,942 176,900 176,900 149,608 101-6005-50105 Salaries - Overtime 983 0 0 42 101-6005-50150 Other Compensation 612 624 624 515 101-6005-50200 PERS-City Portion 13,269 18,600 18,600 11,880 101-6005-50215 Other Fringe Benefits 1,699 1,690 1,690 1,416 101-6005-50221 Medical Insurance 36,469 41,000 41,000 31,990 101-6005-50222 Vision Insurance 334 0 0 304 101-6005-50223 Dental Insurance 1,011 0 0 1,277 101-6005-50224 Life Insurance 92 0 0 78 101-6005-50225 Long Term Disability 1,141 1,200 1,200 1,069 101-6005-50230 Workers Comp Insurance 6,200 6,200 6,200 4,650 101-6005-50240 Social Security -Medicare 2,649 4,400 4,400 2,373 101-6005-50241 Social Security -FICA 532 0 0 537 101-6005-50251 Temporary 15,764 67,700 67,700 14,006 50 - Salaries and Benefits Totals: 246,695 318,314 318,314 219,744 184,340 7,440 4% 0 0 0% 880 256 41% 17,260 (1,340) -7% 1,690 0 0% 44,400 3,400 8% 400 400 0% 2,060 2,060 0% 90 90 0% 1,360 160 13% 6,700 500 8% 3,310 (1,090) -25% 600 600 0% 37,940 (29,760) -44% 301,030 (17,284) -5% 62 - Maintenance & Operations 101-6005-60320 Travel & Training 332 101-6005-60400 Office Supplies 0 101-6005-60406 Disaster Prep Supplies 0 5,000 5,000 5,124 1,000 1,000 0 10,000 10,000 5,784 5,125 125 3% 1,000 0 0% 10,000 0 0% 62 - Maintenance & Operations Totals: 332 69 - Internal Service Charges 101-6005-98110 Information Tech Charge 69 - Internal Service Charges Totals: 16,000 16,000 10,908 16,125 125 1% 73,400 50,700 50,700 38,025 73,400 50,700 50,700 38,025 30,700 30,700 (20,000) -39% (20,000) -39% 005 - Public Safety Administration Totals: 320,427 385,014 385,014 268,677 347,855 (37,159) -10% 164 CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET Department : 6005 - Public Safety Administration 101-6005-50101 = Permanent Full Time 184,340.00 80% - Public Safety Director (20% Fire Fund) 50% - Administrative Technician (50% Fire Fund) 101-6005-60320 Travel & Training 5,125.00 Public safety and emergency preparedness training 165 CITY OF LA QUINTA GENERAL FUND EXPENSES FY 2026/27 PROPOSED BUDGET 2024/25 2025/26 2025/26 Actuals Original Budget Current Budget 2025/26 2026/27 26/27 vs. % Change YTD Activity* Proposed Budget Current 25/26 in Budget 3005 - Parks Maintenance 50 - Salaries and Benefits 101-3005-50101 Permanent Full Time 101-3005-50105 Salaries - Overtime 101-3005-50106 Standby 101-3005-50107 Standby Overtime 101-3005-50150 Other Compensation 101-3005-50200 PERS-City Portion 101-3005-50215 Other Fringe Benefits 101-3005-50221 Medical Insurance 101-3005-50222 Vision Insurance 101-3005-50223 Dental Insurance 101-3005-50224 Life Insurance 101-3005-50225 Long Term Disability 101-3005-50230 Workers Comp Insurance 101-3005-50240 Social Security -Medicare 101-3005-50251 Temporary 50 - Salaries and Benefits Totals: 60 - Contract Services 101-3005-60112 Landscape Contract 60 - Contract Services Totals: 62 - Maintenance & Operations 101-3005-60117 Civic Center Lake Maintei 101-3005-60136 Lighting Service 101-3005-60184 Fritz Burns Pool Maintene 101-3005-60189 SilverRock Lake MaintenE 101-3005-60320 Travel & Training 101-3005-60351 Membership Dues 101-3005-60400 Office Supplies 101-3005-60420 Operating Supplies 101-3005-60423 Supplies -Graffiti and Van 101-3005-60427 Safety Gear 101-3005-60431 Materials/Supplies 101-3005-60432 Tools/Equipment 101-3005-60554 LQ Park Water Feature 101-3005-60557 Tree Maintenance 101-3005-60690 Uniforms 101-3005-60691 Maintenance/Services 62 - Maintenance & Operations Totals: 66 - Utilities 101-3005-61100 101-3005-61102 101-3005-61103 101-3005-61104 101-3005-61105 Gas -Utilities FB Pool Electric - Monticello Park Electric - Civic Center Pal Electric - Pioneer Park - l Electric - Fritz Burns Park 270,611 311,700 311,700 258,659 15,271 12,000 12,000 4,397 10,802 15,000 15,000 8,061 49,542 35,000 35,000 27,832 49 0 0 0 27,818 26,600 26,600 21,723 4,806 4,550 4,550 3,814 78,237 95,500 95,500 70,236 670 0 0 661 3,766 0 0 3,361 257 0 0 211 2,662 2,000 2,000 2,165 16,700 16,600 16,600 12,450 5,984 4,600 4,600 4,336 4,536 0 0 0 491,711 523,550 523,550 417,907 325,030 12,000 15,000 35,000 1,040 28,330 4,550 101,870 860 4,320 250 2,410 18,000 4,130 0 552,790 13,330 4% 0 0% 0 0% 0 0% 1,040 0% 1,730 7% 0 0% 6,370 7% 860 0% 4,320 0% 250 0% 410 21% 1,400 8% (470) -10% 0 0% 29,240 6% 1,121,783 1,177,850 1,177,850 958,190 1,121,783 1,177,850 1,177,850 958,190 35,561 40,000 40,000 27,497 475 1,000 1,000 475 137,322 220,000 220,000 48,748 16,808 35,000 35,000 60,685 2,039 13,500 13,500 3,855 445 1,000 1,000 590 449 1,000 1,000 898 164 0 0 0 5,505 15,000 15,000 6,503 869 1,300 1,300 2,113 188,474 225,000 225,000 305,218 9,576 6,000 6,000 4,218 41,178 50,000 50,000 53,149 10,270 15,000 15,000 12,250 4,987 5,000 5,000 2,533 572,126 600,000 600,000 452,412 1,026,247 1,228,800 1,228,800 981,143 1,248,110 1,248,110 50,000 1,000 320,000 45,000 10,000 1,000 1,000 0 15,000 1,300 200,000 6,000 55,000 15,000 5,000 550,000 1,275,300 70,260 6% 70,260 6% 10,000 25% 0 0% 100,000 45% 10,000 29% (3,500) -26% 0 0% 0 0% 0 0% 0 0% 0 0% (25,000) -11% 0 0% 5,000 10% 0 0% 0 0% (50,000) -8% 46,500 4% 22,836 191 28,430 0 16,625 25,000 300 40,000 100 17,000 25,000 300 40,000 100 17,000 2,239 212 16,185 0 5,546 25,000 300 40,000 0 19,000 0 0 0 (100) 2,000 166 CITY OF LA QUINTA GENERAL FUND EXPENSES FY 2026/27 PROPOSED BUDGET 2024/25 Actuals 2025/26 2025/26 Original Budget Current Budget 2025/26 2026/27 YTD Activity* Proposed Budget 26/27 vs. Current 25/26 0/0 Change in Budget 101-3005-61106 101-3005-61108 101-3005-61109 101-3005-61110 101-3005-61111 101-3005-61113 101-3005-61114 101-3005-61115 101-3005-61201 101-3005-61202 101-3005-61203 101-3005-61204 101-3005-61205 101-3005-61206 101-3005-61207 101-3005-61208 101-3005-61209 101-3005-61300 Electric - Sports Comple> Electric - Colonel Paige - Electric - Community Par Electric - Adams Park - U Electric - Velasco Park - Electric - Eisenhower Par Electric - Desert Pride - L Electric - SilverRock Ever Water -Monticello Park - Water - Civic Center Park Water -Eisenhower Park Water -Fritz Burns Park - Water -Velasco Park - Uti Water -Desert Pride - Uti Water -Pioneer Park - Uti Water -Seasons Park - U1 Water -Community Park Telephone - Utilities 66 - Utilities Totals: 69 - Internal Service Charges 101-3005-98110 101-3005-98130 101-3005-98140 Information Tech Charge Park Equipment Maintenz Facility & Fleet Maintenar 69 - Internal Service Charges Totals: 46,635 5,995 103,985 644 205 259 192 37,283 33,395 34,401 2,884 32,979 2,185 11,115 12,568 345 96,982 1,465 491,599 46,000 6,000 110,000 900 300 400 350 35,000 35,000 40,000 3,000 32,000 2,500 14,000 15,000 600 90,000 1,500 514,950 46,000 6,000 110,000 900 300 400 350 35,000 35,000 40,000 3,000 32,000 2,500 14,000 15,000 600 90,000 1,500 514,950 34,817 4,943 78,595 584 229 295 214 31,451 29,511 36,594 3,100 21,688 1,676 10,897 13,860 267 52,825 1,278 347,007 46,000 7,000 110,000 900 350 450 350 35,000 35,000 43,000 3,500 33,000 2,700 16,000 18,000 700 91,000 1,600 528,850 0 1,000 0 0 50 50 0 0 0 3,000 500 1,000 200 2,000 3,000 100 1,000 100 13,900 0% 17% 0% 0% 17% 13% 0% 0% 0% 8% 17% 3% 8% 14% 20% 17% 1% 7% 3% 104,700 2,050,000 162,000 2,316,700 136,300 985,000 165,200 1,286,500 136,300 985,000 165,200 1,286,500 102,225 738,750 123,900 964,875 82,500 1,271,000 164,700 1,518,200 (53,800) 286,000 (500) 231,700 -39% 29% 0% 18% 3005 - Parks Maintenance Totals: 5,448,040 4,731,650 4,731,650 3,669,121 5,123, 250 391,600 8% 167 CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET Department : 3005 - Parks Maintenance 101-3005-50101 Permanent Full Time 325,030 50% - Maintenance & Operations Deputy Director (50% Public Buildings) 50% - Maintenance & Operations Superintendent (50% Lighting & Landscape Fund) 50% - Maintenance & Operations Crew Leader (50% Lighting & Landscape Fund) 50% - Senior Maintenance & Operations Worker (50% Lighting & Landscape Fund) 50% - Maintenance & Operations Worker- (3) (50% Lighting & Landscape Fund) 101-3005-60112 Landscape Contract 1,248,110 Landscape contract services for all City Parks including the SilverRock event site and X-Park 101-3005-60184 Fritz Burns Pool Maintenance 320,000 Pool maintenance services 101-3005-60320 Travel & Training 10,000 Aquatic facility operator course Maintenance agreement school Playground certifications 101-3005-60351 Membership Dues 1,000.00 CA Parks & Recreation Association (CPRS) National Park & Recreation Association (NPRA) 101-3005-60691 Maintenance/Services 550,000 Landscape renovations, electrical and fence repairs, painting, tree removal, and other landscape -related maintenance and repairs 101-3005-98130 Park Equipment Maintenance 1,271,000.00 Funds are transferred to the Park Equipment & Facility Internal Service Fund for park equipment replacements 168 CITY OF LA QUINTA GENERAL FUND EXPENSES FY 2026/27 PROPOSED BUDGET 2024/25 2025/26 2025/26 Actuals Original Budget Current Budget 2025/26 2026/27 26/27 vs. % Change YTD Activity* Proposed Budget Current 25/26 in Budget 3008 - Public Buildings 50 - Salaries and Benefits 101-3008-50101 Permanent Full Time 101-3008-50105 Salaries - Overtime 101-3008-50106 Standby 101-3008-50107 Standby Overtime 101-3008-50150 Other Compensation 101-3008-50200 PERS-City Portion 101-3008-50215 Other Fringe Benefits 101-3008-50221 Medical Insurance 101-3008-50222 Vision Insurance 101-3008-50223 Dental Insurance 101-3008-50224 Life Insurance 101-3008-50225 Long Term Disability 101-3008-50230 Workers Comp Insurance 101-3008-50240 Social Security -Medicare 50 - Salaries and Benefits Totals: 60 - Contract Services 101-3008-60115 101-3008-60116 101-3008-60123 101-3008-60196 Janitorial Pest Control Security & Alarm Annual Permits/Inspectio 60 - Contract Services Totals: 62 - Maintenance & Operations 101-3008-60320 101-3008-60400 101-3008-60427 101-3008-60431 101-3008-60432 101-3008-60481 101-3008-60667 101-3008-60690 101-3008-60691 101-3008-61702 Travel & Training Office Supplies Safety Gear Materials/Supplies Tools/Equipment Office Supplies HVAC Uniforms Maintenance/Services Facility Rent 62 - Maintenance & Operations Totals: 66 - Utilities 101-3008-61100 101-3008-61101 101-3008-61102 101-3008-61200 Gas - Utilities Electricity - Utilities Electricity - Charging Sta Water - Utilities 66 - Utilities Totals: 461,980 183 15,004 19,455 481 43,373 5,866 102,833 1,322 4,077 317 3,377 26,200 7,252 691,717 201,259 6,889 8,692 7,594 224,435 539,500 500 15,000 20,000 500 51,100 7,150 125,700 0 0 0 3,400 26,000 7,900 796,750 225,000 9,500 10,000 10,000 254,500 539,500 500 15,000 20,000 500 51,100 7,150 125,700 0 0 0 3,400 26,000 7,900 796,750 225,000 9,500 10,000 10,000 254,500 443,189 21 12,163 1,707 396 40,501 4,903 107,099 1,369 4,415 312 3,327 19,500 6,669 645,572 150,068 8,887 21,702 11,004 191,662 562,710 500 15,000 20,000 1,520 54,330 7,150 162,570 1,850 6,100 400 4,160 28,300 8,410 873,000 225,000 15,000 20,000 10,000 270,000 23,210 4% 0 0% 0 0% 0 0% 1,020 204% 3,230 6% 0 0% 36,870 29% 1,850 0% 6,100 0% 400 0% 760 22% 2,300 9% 510 6% 76,250 10% 0 0% 5,500 58% 10,000 100% 0 0% 15,500 6% 71 46 2,486 55,418 5,505 0 73,449 1,833 59,223 750 2,000 500 2,500 50,000 10,000 0 180,000 2,000 110,000 1,000 2,000 500 2,500 50,000 10,000 0 180,000 2,000 110,000 1,000 370 34 1,819 39,511 9,692 0 115,337 2,007 53,145 0 2,000 500 2,500 50,000 10,000 200 300,000 2,000 200,000 1,000 0 0% 0 0% 0 0% 0 0% 0 0% 200 0% 120,000 67% 0 0% 90,000 82% 0 0% 198,781 358,000 358,000 221,916 568,200 210,200 59% 8,467 246,145 19,505 10,762 284,879 13,000 225,000 25,000 10,000 273,000 13,000 225,000 25,000 10,000 273,000 5,523 171,212 8,119 11,836 196,691 13,000 225,000 25,000 10,000 273,000 0 0% 0 0% 0 0% 0 0% 0 0% 69 - Internal Service Charges 101-3008-91842 Liability Insurance & Claii 65,650 66,307 66,307 49,730 66,970 663 1% 169 CITY OF LA QUINTA GENERAL FUND EXPENSES 2024/25 2025/26 2025/26 Actuals Original Budget Current Budget 2025/26 YTD Activity* FY 2026/27 PROPOSED BUDGET 2026/27 26/27 vs. % Change Proposed Budget Current 25/26 in Budget 101-3008-98110 Information Tech Charge 101-3008-98140 Facility & Fleet Maintenar 69 - Internal Service Charges Totals: 164,500 81,000 311,150 214,200 82,600 363,107 214,200 82,600 363,107 160,650 61,950 272,330 129,600 82,400 278,970 (84,600) (200) (84,137) -39% 0% -23% 3008 - Public Buildings Totals: 1,710,962 2,045,357 2,045,357 1,528,171 2,263,170 217,813 11% 170 CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET Department : 3008 - Public Buildings 101-3008-50101 Permanent Full Time 562,710.00 50% - Maintenance & Operations Deputy Director (50% Parks Maintenance) 100% - Maintenance & Operations Superintendent 100% - Maintenance & Operations Coordinator 100% - Maintenance & Operations Technician 100% - Senior Maintenance & Operations Worker 100% - Maintenance & Operations Worker 101-3008-60115 Janitorial 225,000.00 Janitorial services for all public buildings including parks 101-3008-60320 Travel & Training 2,000.00 HVAC and other related training 101-3008-60667 HVAC 300,000.00 For all public buildings including City Hall, Fritz Burns Pool, La Quinta Park, Maintenance Yard, Public Works Office, Sports Complex, and Wellness Center 101-3008-60691 Maintenance/Services 200,000.00 Public building repairs and maintenance 101-3008-61702 Facility Rent 1,000.00 Finance Authority requires an annual State Controller's Report. The 1996 Civic Center Bond was paid off in October 2018. 171 CITY OF LA QUINTA GENERAL FUND EXPENSES FY 2026/27 PROPOSED BUDGET 2024/25 2025/26 2025/26 2025/26 2026/27 26/27 vs. % Change Actuals Original Budget Current Budget YTD Activity* Proposed Budget Current 25/26 in Budget 7001 - Public Works Administration 50 - Salaries and Benefits 101-7001-50101 Permanent Full Time 362,611 476,900 476,900 318,380 101-7001-50150 Other Compensation 481 500 500 396 101-7001-50200 PERS-City Portion 40,447 51,900 51,900 36,240 101-7001-50215 Other Fringe Benefits 3,910 5,200 5,200 3,268 101-7001-50221 Medical Insurance 53,910 84,800 84,800 46,531 101-7001-50222 Vision Insurance 694 0 0 549 101-7001-50223 Dental Insurance 1,657 0 0 1,734 101-7001-50224 Life Insurance 211 0 0 180 101-7001-50225 Long Term Disability 2,414 3,100 3,100 2,236 101-7001-50230 Workers Comp Insurance 19,100 18,900 18,900 14,175 101-7001-50240 Social Security -Medicare 5,301 7,000 7,000 4,653 50 - Salaries and Benefits Totals: 490,737 648,300 648,300 428,343 464,540 (12,360) -3% 480 (20) -4% 52,080 180 0% 4,870 (330) -6% 102,260 17,460 21% 930 930 0% 4,000 4,000 0% 270 270 0% 3,440 340 11% 20,600 1,700 9% 6,920 (80) -1% 660,390 12,090 2% 60 - Contract Services 101-7001-60104 Consultants 0 50,000 50,000 0 50,000 0 0% 101-7001-60125 Temporary Agency Servil 0 0 0 11,080 0 0 0% 60 - Contract Services Totals: 0 50,000 50,000 11,080 50,000 0 0% 62 - Maintenance & Operations 101-7001-60320 Travel & Training 3,987 5,000 5,000 1,801 101-7001-60351 Membership Dues 0 1,800 1,800 0 101-7001-60400 Office Supplies 604 4,000 4,000 1,778 101-7001-60420 Operating Supplies 353 1,000 1,000 0 5,000 0 0% 1,800 0 0% 4,000 0 0% 1,000 0 0% 62 - Maintenance & Operations Totals: 4,944 11,800 11,800 3,578 69 - Internal Service Charges 101-7001-98110 Information Tech Charge 69 - Internal Service Charges Totals: 11,800 0 0% 119,600 155,800 155,800 116,850 94,300 (61,500) -39% 119,600 155,800 155,800 116,850 94,300 (61,500) -39% 001 - Public Works Administration Totals: 615,280 865,900 865,900 559,852 816,490 (49,410) -6% 172 CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET Department : 7001 - Public Works Administration 101-7001-50101 = Permanent Full Time 464,540.00 100% - Public Works Director/City Engineer 100% - Management Analyst 100% - Administrative Technician (2) 101-7001-60104 Consultants 50,000.00 Professional services and on -call electrical services 101-7001-60320 Travel & Training 5,000.00 Certification trainings 101-7001-60351 Membership Dues 1,800.00 American Public Works Association (APWA) 173 CITY OF LA QUINTA GENERAL FUND EXPENSES FY 2026/27 PROPOSED BUDGET 2024/25 2025/26 2025/26 2025/26 2026/27 26/27 vs. % Change Actuals Original Budget Current Budget YTD Activity* Proposed Budget Current 25/26 in Budget 7002 - Public Works Development Service 50 - Salaries and Benefits 101-7002-50101 Permanent Full Time 144,031 147,900 167,900 133,902 101-7002-50200 PERS-City Portion 20,352 21,000 21,000 17,578 101-7002-50215 Other Fringe Benefits 1,304 1,300 1,300 1,090 101-7002-50221 Medical Insurance 7,221 3,000 3,000 5,937 101-7002-50222 Vision Insurance 197 0 0 176 101-7002-50223 Dental Insurance 1,280 0 0 1,068 101-7002-50224 Life Insurance 70 0 0 60 101-7002-50225 Long Term Disability 1,006 1,000 1,000 984 101-7002-50230 Workers Comp Insurance 4,800 4,800 4,800 3,600 101-7002-50240 Social Security -Medicare 2,132 2,200 2,200 1,977 50 - Salaries and Benefits Totals: 182,394 181,200 201,200 166,371 233,120 65,220 39% 28,410 7,410 35% 2,600 1,300 100% 56,070 53,070 1,769% 560 560 0% 3,030 3,030 0% 150 150 0% 1,730 730 73% 10,300 5,500 115% 3,480 1,280 58% 339,450 138,250 69% 60 - Contract Services 101-7002-60103 Professional Services 63,356 110,000 110,000 63,556 101-7002-60104 Consultants 3,500 5,000 5,000 0 101-7002-60183 Map/Plan Checking 68,829 150,000 150,000 112,561 60 - Contract Services Totals: 135,685 265,000 265,000 176,117 110,000 0 0% 5,000 0 0% 150,000 0 0% 265,000 0 0% 62 - Maintenance & Operations 101-7002-60320 Travel & Training 1,254 1,500 1,500 369 101-7002-60351 Membership Dues 0 500 500 0 101-7002-60420 Operating Supplies 104 500 500 232 101-7002-60450 Advertising 824 3,000 3,000 307 1,500 0 0% 500 0 0% 500 0 0% 3,000 0 0% 62 - Maintenance & Operations Totals: 2,182 5,500 5,500 907 5,500 0 0% 69 - Internal Service Charges 101-7002-98110 Information Tech Charge 29,900 39,000 39,000 29,250 I 47,200 8,200 21% 101-7002-98140 Facility & Fleet Maintenar 60,800 62,000 62,000 46,500 61,800 (200) 0% 69 - Internal Service Charges Totals: 90,700 101,000 101,000 75,750 109,000 8,000 8% ublic Works Development Services Totals: 410,961 552,700 572,700 419,145 718,950 146,250 26% 174 CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET Department : 7002 - Public Works Development Services 101-7002-50101 Permanent Full Time 233,120.00 100% - Associate Engineer 100% - Engineering Specialist 101-7002-60103 Professional Services 110,000.00 Stormwater Commercial/Restaurant State Mandate National Pollution Discharge Elimination Systems 101-7002-60104 Consultants 5,000.00 Project consulting services 101-7002-60183 Map/Plan Checking 150,000.00 On -call map checking and engineering civil plan check services 101-7002-60320 Travel & Training 1,500.00 For various training events including: Desert Valley Builders Association meetings, American Public Works Association, professional engineering review courses, and water quality/flood seminars 101-7002-60351 Membership Dues 500.00 Board of Civil Engineers license Other professional organizations 101-7002-60450 Advertising 3,000.00 Public hearing notices 175 CITY OF LA QUINTA GENERAL FUND EXPENSES FY 2026/27 PROPOSED BUDGET 7003 - Streets- Traffic 50 - Salaries and Benefits 101-7003-50101 Permanent Full Time 101-7003-50105 Salaries - Overtime 101-7003-50106 Standby 101-7003-50107 Standby Overtime 101-7003-50150 Other Compensation 101-7003-50200 PERS-City Portion 101-7003-50215 Other Fringe Benefits 101-7003-50221 Medical Insurance 101-7003-50222 Vision Insurance 101-7003-50223 Dental Insurance 101-7003-50224 Life Insurance 101-7003-50225 Long Term Disability 101-7003-50230 Workers Comp Insurance 101-7003-50240 Social Security -Medicare 50 - Salaries and Benefits Totals: 60 - Contract Services 101-7003-60103 Professional Services 101-7003-60120 Street Cleaning/Accident 60 - Contract Services Totals: 62 - Maintenance & Operations 101-7003-60320 101-7003-60351 101-7003-60400 101-7003-60420 101-7003-60427 101-7003-60432 Travel & Training Membership Dues Office Supplies Operating Supplies Safety Gear Tools/Equipment 62 - Maintenance & Operations Totals: 64 - Other Expenses 101-7003-60510 Signal Knockdowns, Cont 64 - Other Expenses Totals: 65 - Repair & Maintenance 101-7003-60691 Maintenance/Services 65 - Repair & Maintenance Totals: 68 - Capital Expenses 101-7003-80100 Machinery & Equipment 68 - Capital Expenses Totals: 2024/25 2025/26 2025/26 Actuals Original Budget Current Budget 92,724 1,970 14,241 23,871 0 7,262 1,010 27,679 203 1,233 107 865 14,300 1,926 187,392 241,547 62,697 304,244 12,374 363 75 45,893 0 36,896 95,601 2025/26 2026/27 26/27 vs. % Change YTD Activity* Proposed Budget Current 25/26 in Budget 136,300 136,300 109,768 141,730 5,430 4% 0 0 547 2,000 2,000 0% 20,000 20,000 12,396 20,000 0 0% 20,000 20,000 28,257 25,000 5,000 25% 0 0 0 520 520 0% 10,900 10,900 8,699 11,500 600 6% 2,600 2,600 1,090 2,600 0 0% 54,600 54,600 34,265 46,610 (7,990) -15% 0 0 264 340 340 0% 0 0 1,547 1,990 1,990 0% 0 0 120 150 150 0% 900 900 1,100 1,050 150 17% 9,500 9,500 7,125 10,300 800 8% 2,000 2,000 2,179 2,100 100 5% 256,800 256,800 207,356 265,890 9,090 4% 0 0 0 0 0 0% 10,000 10,000 10,468 20,000 10,000 100% 10,000 10,000 10,468 20,000 10,000 100% 15,000 15,000 11,997 15,000 0 0% 550 550 180 550 0 0% 500 500 101 500 0 0% 30,000 30,000 34,767 30,000 0 0% 0 0 2,129 5,000 5,000 0% 15,000 15,000 18,161 15,000 0 0% 61,050 61,050 67,336 66,050 5,000 8% 1,515 5,000 5,000 736 5,000 0 0% 1,515 5,000 5,000 736 5,000 0 0% 107,999 107,999 750,000 750,000 750,000 750,000 204,418 750,000 0 0% 204,418 750,000 0 0% 0 30,000 30,000 2,512 0 (30,000) -100% 0 30,000 30,000 2,512 0 (30,000) -100% 176 CITY OF LA QUINTA GENERAL FUND EXPENSES FY 2026/27 PROPOSED BUDGET 2024/25 2025/26 2025/26 2025/26 2026/27 26/27 vs. % Change Actuals Original Budget Current Budget YTD Activity* Proposed Budget Current 25/26 in Budget 69 - Internal Service Charges 101-7003-98110 Information Tech Charge 69 - Internal Service Charges Totals: 89,700 77,900 77,900 58,425 89,700 77,900 77,900 58,425 47,200 47,200 (30,700) -39% (30,700) -39% 7003 - Streets- Traffic Totals: 786,450 1,190,750 1,190,750 551,250 1,154,140 (36,610) -3% 177 CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES Department : 7003 - Streets- Traffic 101-7003-50101 Permanent Full Time 141,730.00 100% - Traffic Signal Technician/Apprentice (2) 101-7003-60320 Travel & Training 15,000.00 On -site hearing tests American Traffic Safety Services Association (ATSSA) certification International Municipal Signal Association (IMSA) certification Class B commercial and equipment operator certification 101-7003-60351 Membership Dues 550.00 CA Park and Recreations American Traffic Safety Services Association (ATSSA) 101-7003-60510 Signal Knockdowns, Contingen 5,000.00 For traffic signal repairs due to accidents 101-7003-60691 Maintenance/Services 750,000.00 FY 2026/27 PROPOSED BUDGET 178 CITY OF LA QUINTA GENERAL FUND EXPENSES FY 2026/27 PROPOSED BUDGET 7006 - Engineering Services 50 - Salaries and Benefits 101-7006-50101 Permanent Full Time 101-7006-50105 Salaries - Overtime 101-7006-50106 Standby 101-7006-50107 Standby Overtime 101-7006-50150 Other Compensation 101-7006-50200 PERS-City Portion 101-7006-50215 Other Fringe Benefits 101-7006-50221 Medical Insurance 101-7006-50222 Vision Insurance 101-7006-50223 Dental Insurance 101-7006-50224 Life Insurance 101-7006-50225 Long Term Disability 101-7006-50230 Workers Comp Insurance 101-7006-50240 Social Security -Medicare 50 - Salaries and Benefits Totals: 60 - Contract Services 101-7006-60103 101-7006-60104 101-7006-60144 101-7006-60145 101-7006-60146 Professional Services Consultants Contract Traffic Engineer Traffic Counts/Studies PM 10 - Dust Control 60 - Contract Services Totals: 62 - Maintenance & Operations 101-7006-60320 Travel & Training 101-7006-60351 Membership Dues 101-7006-60352 Subscriptions & Publicatk 101-7006-60420 Operating Supplies 101-7006-60427 Safety Gear 101-7006-60690 Uniforms 62 - Maintenance & Operations Totals: 64 - Other Expenses 101-7006-60480 Contributions to Other Ac 64 - Other Expenses Totals: 69 - Internal Service Charges 101-7006-98110 Information Tech Charge 69 - Internal Service Charges Totals: 2024/25 2025/26 2025/26 Actuals Original Budget Current Budget 274,790 0 11,876 0 0 21,202 3,910 56,789 496 2,783 211 1,952 14,300 4,157 392,468 10,350 23,800 184,540 4,643 54,535 277,868 6,465 1,941 0 0 935 1,121 10,461 133,008 133,008 89,700 89,700 427,300 500 5,000 1,000 0 34,000 5,200 109,100 0 0 0 2,700 18,900 6,200 609,900 20,000 60,000 180,000 20,000 100,000 380,000 7,000 2,500 500 1,000 1,000 2,000 14,000 200,000 200,000 155,800 155,800 427,300 500 5,000 1,000 0 34,000 5,200 109,100 0 0 0 2,700 18,900 6,200 609,900 20,000 60,000 180,000 20,000 100,000 380,000 7,000 2,500 500 1,000 1,000 2,000 14,000 200,000 200,000 155,800 155,800 2025/26 2026/27 26/27 vs. % Change YTD Activity* Proposed Budget Current 25/26 in Budget 251,069 0 12,669 0 0 19,532 3,268 50,885 456 2,394 183 1,895 14,175 3,824 360,350 0 3,995 140,446 5,537 5,543 155,520 2,237 0 0 0 575 1,161 3,973 52,074 52,074 116,850 I 116,850 437,030 500 15,000 1,000 520 35,200 5,200 118,300 910 4,640 290 3,230 20,600 6,440 648,860 20,000 60,000 200,000 20,000 100,000 400,000 7,000 2,500 500 1,000 1,000 2,000 14,000 200,000 200,000 94,300 94,300 9,730 0 10,000 0 520 1,200 0 9,200 910 4,640 290 530 1,700 240 38,960 0 0 20,000 0 0 20,000 0 0 0 0 0 0 0 0 0 (61,500) (61,500) 2% 0% 200% 0% 0% 4% 0% 8% 0% 0% 0% 20% 9% 4% 6% 0% 0% 0% 0% 0% 0% 0% 0% 0% -39% -39% 7006 - Engineering Services Totals: 903,505 1,359,700 1,359,700 688,767 1,357,160 (2,540) 0% 179 CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET Department : 7006 - Engineering Services 101-7006-50101 Permanent Full Time 437,030.00 100% - Senior Civil Engineer 100% - Assistant Construction Manager 100% - Construction Inspector/Apprentice (2) 101-7006-60103 Professional Services 20,000.00 Regional scour analysis 101-7006-60104 Consultants 60,000.00 Project design services 101-7006-60146 PM 10 - Dust Control 100,000.00 Vacant city land dust control - near SilverRock, Highway 111 next to the Marriott Hotel, and other city owned land 101-7006-60320 101-7006-60351 Travel & Training 7,000.00 Coachella Valley American Public Works Association (APWA) meetings California Local Technical Assistance Program (LTAP) training Geographic Information Systems (GIS) certification National Pollutant Discharge Elimination System (NPDES) certification Certified Inspector training Membership Dues 2,500.00 American Public Works Association (APWA) Institute of Transportation Engineers (ITE) American Society of Civil Engineers (ASCE) 101-7006-60352 Subscriptions & Publications 500.00 101-7006-60480 Subdivision map act books Contributions to Other Agencie 200,000.00 Reimbursement agreement with the Coachella Valley Association of Governments (CVAG) for the Avenue 48 Arts and Music Line Project design 180 CITY OF LA QUINTA GENERAL FUND EXPENSES FY 2026/27 PROPOSED BUDGET 6001 - Design & Development Administra 50 - Salaries and Benefits 101-6001-50101 101-6001-50110 101-6001-50150 101-6001-50200 101-6001-50215 101-6001-50221 101-6001-50222 101-6001-50223 101-6001-50224 101-6001-50225 101-6001-50230 101-6001-50240 101-6001-50241 Permanent Full Time Commissions & Boards Other Compensation PERS-City Portion Other Fringe Benefits Medical Insurance Vision Insurance Dental Insurance Life Insurance Long Term Disability Workers Comp Insurance Social Security -Medicare Social Security -FICA 50 - Salaries and Benefits Totals: 60 - Contract Services 101-6001-60122 Credit Card Fees 60 - Contract Services Totals: 62 - Maintenance & Operations 101-6001-60320 Travel & Training 101-6001-60351 Membership Dues 101-6001-60352 Subscriptions & Publicatk 101-6001-60400 Office Supplies 101-6001-60410 Printing 101-6001-60420 Operating Supplies 101-6001-60450 Advertising 62 - Maintenance & Operations Totals: 69 - Internal Service Charges 101-6001-98110 Information Tech Charge 101-6001-98140 Facility & Fleet Maintenar 69 - Internal Service Charges Totals: 2024/25 2025/26 2025/26 Actuals Original Budget Current Budget 356,972 5,616 477 28,927 2,918 52,467 540 2,096 150 1,828 9,600 5,258 348 335,700 8,400 500 26,800 3,900 81,800 0 0 0 2,200 14,200 4,900 0 335,700 8,400 500 26,800 3,900 81,800 0 0 0 2,200 14,200 4,900 0 2025/26 2026/27 26/27 vs. % Change YTD Activity* Proposed Budget Current 25/26 in Budget 277,875 4,116 0 23,558 3,318 72,100 733 2,421 183 2,021 10,650 4,089 255 379,330 8,400 0 35,920 3,900 99,820 910 3,700 220 2,810 15,500 5,630 0 43,630 0 (500) 9,120 0 18,020 910 3,700 220 610 1,300 730 0 13% 0% -100% 34% 0% 22% 0% 0% 0% 28% 9% 15% 0% 467,197 98,082 98,082 478,400 25,000 25,000 478,400 25,000 25,000 401,318 10,685 10,685 556,140 15,000 15,000 77,740 16% (10,000) -40% (10,000) -40% 1,474 535 147 1,493 0 501 0 5,000 600 700 2,000 400 1,000 1,000 5,000 600 700 2,000 400 1,000 1,000 98 1,461 0 524 0 175 0 5,000 1,000 700 2,000 400 1,000 1,000 0 0% 400 67% 0 0% 0 0% 0 0% 0 0% 0 0% 4,151 10,700 10,700 2,257 11,100 400 4% 59,800 101,300 161,100 116,900 103,300 220,200 116,900 103,300 220,200 87,675 77,475 165,150 70,700 103,000 173,700 (46,200) -40% (300) 0% (46,500) -21% ign & Development Administration Totals: 730,530 734,300 734,300 579,410 755,940 21,640 3% CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET Department : 6001 - Design & Development Administration 101-6001-50101 Permanent Full Time 100% - Design & Development Director 100% - Administrative Technician 100% - Administrative Assistant 379,330.00 101-6001-60320 Travel & Training 5,000.00 Staff professional development American Planning Association (APA) Conference 101-6001-60351 Membership Dues 1,000.00 American Public Works Association (APWA) American Institute of Certified Planners (AICP) 101-6001-60352 Subscriptions & Publications 700.00 The Desert Sun 101-6001-60410 Printing 400.00 Materials for community events 101-6001-60450 Advertising 1,000.00 Public noticing requirements 182 CITY OF LA QUINTA GENERAL FUND EXPENSES FY 2026/27 PROPOSED BUDGET 2024/25 2025/26 2025/26 2025/26 2026/27 26/27 vs. % Change Actuals Original Budget Current Budget YTD Activity* Proposed Budget Current 25/26 in Budget 6002 - Planning 50 - Salaries and Benefits 101-6002-50101 Permanent Full Time 423,228 461,600 461,600 231,166 101-6002-50150 Other Compensation 0 0 0 0 101-6002-50200 PERS-City Portion 35,393 39,200 39,200 19,775 101-6002-50215 Other Fringe Benefits 5,000 5,200 5,200 2,579 101-6002-50221 Medical Insurance 100,782 109,100 109,100 54,816 101-6002-50222 Vision Insurance 909 0 0 506 101-6002-50223 Dental Insurance 4,434 0 0 2,381 101-6002-50224 Life Insurance 263 0 0 141 101-6002-50225 Long Term Disability 2,862 3,000 3,000 1,674 101-6002-50230 Workers Comp Insurance 19,100 18,900 18,900 14,175 101-6002-50240 Social Security -Medicare 6,137 6,700 6,700 3,352 50 - Salaries and Benefits Totals: 598,107 643,700 643,700 330,565 462,230 630 0% 480 480 0% 40,040 840 2% 4,870 (330) -6% 123,590 14,490 13% 1,050 1,050 0% 4,180 4,180 0% 270 270 0% 3,420 420 14% 20,600 1,700 9% 6,830 130 2% 667,560 23,860 4% 60 - Contract Services 101-6002-60103 Professional Services 35,052 760,000 760,000 42,822 950,000 190,000 25% 101-6002-60125 Temporary Agency Servil 0 0 0 3,306 0 0 0% 60 - Contract Services Totals: 35,052 760,000 760,000 46,128 950,000 190,000 25% 62 - Maintenance & Operations 101-6002-60320 Travel & Training 6,101 16,400 16,400 5,395 101-6002-60351 Membership Dues 450 1,300 1,300 300 101-6002-60352 Subscriptions & Publicatk 589 600 600 82 101-6002-60450 Advertising 12,777 15,000 15,000 5,232 62 - Maintenance & Operations Totals: 19,917 33,300 33,300 11,009 16,400 0 0% 1,300 0 0% 600 0 0% 15,000 0 0% 33,300 0 0% 69 - Internal Service Charges 101-6002-98110 Information Tech Charge 119,600 155,800 155,800 116,850 94,300 (61,500) -39% 69 - Internal Service Charges Totals: 119,600 155,800 155,800 116,850 94,300 (61,500) -39% 6002 - Planning Totals: 772,677 1,592,800 1,592,800 504,552 1,745,160 152,360 10% 183 CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET Department : 6002 - Planning 101-6002-50101 Permanent Full Time 100% - Planning Manager 100% - Senior Planner 100% - Associate Planner 100% - Assistant Planner/Apprentice 101-6002-60103 462,230.00 Professional Services 950,000.00 On -call Consultant Planner services On -call Urban Planning Consultant services Sphere of Influence (SOI) Master planning 101-6002-60320 Travel & Training 16,400.00 Staff professional development Planning Commissioners Academy- League of Cities American Planning Association (APA) Conference American Institute of Certified Planners certification Historic resources seminars 101-6002-60351 Membership Dues 1,300.00 American Planning Association (APA) Certified Planner (AICP) CA Preservation Foundation (historic resources) 101-6002-60352 Subscriptions & Publications 600.00 International Cost Engineering Council - CEQA books Subdivision Map Act Planning and zoning laws 101-6002-60450 Advertising 15,000.00 Planning hearing notices Public notification requirements for city and development projects - Desert Sun Outreach workshops 184 CITY OF LA QUINTA GENERAL FUND EXPENSES FY 2026/27 PROPOSED BUDGET 2024/25 2025/26 2025/26 Actuals Original Budget Current Budget 2025/26 2026/27 26/27 vs. % Change YTD Activity* Proposed Budget Current 25/26 in Budget 6003 - Building 50 - Salaries and Benefits 101-6003-50101 Permanent Full Time 101-6003-50105 Salaries - Overtime 101-6003-50150 Other Compensation 101-6003-50200 PERS-City Portion 101-6003-50215 Other Fringe Benefits 101-6003-50221 Medical Insurance 101-6003-50222 Vision Insurance 101-6003-50223 Dental Insurance 101-6003-50224 Life Insurance 101-6003-50225 Long Term Disability 101-6003-50230 Workers Comp Insurance 101-6003-50240 Social Security -Medicare 50 - Salaries and Benefits Totals: 60 - Contract Services 101-6003-60118 Plan Checks 60 - Contract Services Totals: 62 - Maintenance & Operations 101-6003-60320 101-6003-60351 101-6003-60352 101-6003-60420 101-6003-60425 101-6003-60427 101-6003-60690 Travel & Training Membership Dues Subscriptions & Publicatk Operating Supplies Supplies - Field Safety Gear Uniforms 62 - Maintenance & Operations Totals: 69 - Internal Service Charges 101-6003-98110 Information Tech Charge 101-6003-98140 Facility & Fleet Maintenar 69 - Internal Service Charges Totals: 6003 - Building Totals: 597,767 23,781 1,926 54,994 6,518 158,997 1,649 7,876 422 4,231 28,600 9,020 895,780 265,173 265,173 641,200 20,000 2,000 60,300 7,800 163,600 0 0 0 4,100 28,400 9,300 936,700 300,000 300,000 641,200 20,000 2,000 60,300 7,800 163,600 0 0 0 4,100 28,400 9,300 936,700 300,000 300,000 533,844 1,090 1,583 49,791 5,448 138,822 1,489 6,969 360 3,898 21,300 7,763 772,356 96,968 96,968 673,580 20,000 2,960 64,700 7,800 198,130 1,930 8,960 440 4,980 30,900 10,040 1,024,420 300,000 300,000 32,380 0 960 4,400 0 34,530 1,930 8,960 440 880 2,500 740 87,720 0 0 5% 0% 48% 7% 0% 21% 0% 0% 0% 21% 9% 8% 9% 0% 0% 3,560 0 0 0 94 0 2,191 5,846 179,400 121,500 300,900 6,500 1,000 4,700 600 1,000 0 2,000 15,800 233,700 123,900 357,600 6,500 1,000 4,700 600 1,000 0 2,000 15,800 233,700 123,900 357,600 3,774 405 2,106 0 0 942 2,210 9,438 175,275 92,925 268,200 4,000 1,000 1,500 600 1,000 1,000 2,000 11,100 141,400 123,500 264,900 (2,500) 0 (3,200) 0 0 1,000 0 (4,700) (92,300) (400) (92,700) - 38% 0% - 68% 0% 0% 0% 0% -30% - 39% 0% -26% 1,467,698 1,610,100 1,610,100 1,146,961 1,600,420 (9,680) -1% 185 CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET Department : 6003 - Building 101-6003-50101 Permanent Full Time 100% - Building Official 100% - Deputy Building Official 100% - Plans Examiner 100% - Senior Building Inspector (2) 100% - Buildinci Inspector/Apprentice 673,580.00 101-6003-60118 Plan Checks 300,000.00 Consulting services as needed to support plan check review services 101-6003-60320 Travel & Training 4,000.00 CA Building Officials (CALBO) International Code Council certifications 101-6003-60351 Membership Dues 1,000.00 CA Building Officials (CALBO) International Association of Plumbing and Mechanical Officials (IAPMO) 101-6003-60352 Subscriptions & Publications 1,500.00 Updated California Building Code books and other professional subscriptions 186 CITY OF LA QUINTA GENERAL FUND EXPENSES FY 2026/27 PROPOSED BUDGET 2024/25 2025/26 2025/26 2025/26 2026/27 26/27 vs. % Change Actuals Original Budget Current Budget YTD Activity* Proposed Budget Current 25/26 in Budget 6006 - The Hub 50 - Salaries and Benefits 101-6006-50101 Permanent Full Time 703,577 740,600 740,600 580,117 101-6006-50150 Other Compensation 0 0 0 0 101-6006-50200 PERS-City Portion 65,961 70,400 70,400 55,483 101-6006-50215 Other Fringe Benefits 10,728 10,400 10,400 8,066 101-6006-50221 Medical Insurance 209,101 218,200 218,200 181,534 101-6006-50222 Vision Insurance 1,946 0 0 1,714 101-6006-50223 Dental Insurance 9,392 0 0 7,674 101-6006-50224 Life Insurance 589 0 0 468 101-6006-50225 Long Term Disability 4,867 4,700 4,700 4,230 101-6006-50230 Workers Comp Insurance 42,900 37,800 37,800 28,350 101-6006-50240 Social Security -Medicare 10,202 10,800 10,800 8,412 50 - Salaries and Benefits Totals: 1,059,263 1,092,900 1,092,900 876,047 766,800 26,200 4% 1,560 1,560 0% 74,340 3,940 6% 10,400 0 0% 257,430 39,230 18% 2,390 2,390 0% 10,520 10,520 0% 580 580 0% 5,670 970 21% 41,200 3,400 9% 11,400 600 6% 1,182,290 89,390 8% 60 - Contract Services 101-6006-60125 Temporary Agency Servil 0 0 0 22,238 1 0 0 0% 60 - Contract Services Totals: 0 0 0 22,238 0 0 0% 62 - Maintenance & Operations 101-6006-60320 Travel & Training 6,972 10,000 10,000 1,043 101-6006-60351 Membership Dues 150 150 150 300 101-6006-60420 Operating Supplies 2,967 5,000 5,000 1,153 62 - Maintenance & Operations Totals: 10,089 15,150 15,150 2,496 10,000 0 0% 150 0 0% 5,000 0 0% 15,150 0 0% 69 - Internal Service Charges 101-6006-98110 Information Tech Charge 269,100 311,600 311,600 69 - Internal Service Charges Totals: 269,100 311,600 311,600 233,700 188,500 (123,100) -40% 233,700 188,500 (123,100) -40% 6006 - The Hub Totals: 1,338,452 1,419,650 1,419,650 1,134,481 1,385,940 (33,710) -2% 187 CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET Department : 6006 - The Hub 101-6006-50101 Permanent Full Time 766,800.00 100% - Hub Manager 100% - Senior Permit Technician 100% - Data Reporting Specialist 100% - Permit Technician/Apprentice (4) 100% - Administrative Assistant 101-6006-60320 Travel & Training 10,000.00 Tyler Annual Conference California Municipal Revenue & Tax Annual Conference Structured Query Language (SQL) training Fred Pryor- Technical & management training 188 CITY OF LA QUINTA GENERAL FUND EXPENSES FY 2026/27 PROPOSED BUDGET 2024/25 2025/26 2025/26 Actuals Original Budget Current Budget 2025/26 2026/27 26/27 vs. % Change YTD Activity* Proposed Budget Current 25/26 in Budget 1006 - Finance 50 - Salaries and Benefits 101-1006-50101 Permanent Full Time 101-1006-50105 Salaries - Overtime 101-1006-50110 Commissions & Boards 101-1006-50150 Other Compensation 101-1006-50200 PERS-City Portion 101-1006-50201 PERS-Employee Portion 101-1006-50210 PERS-Survivor Benefits 101-1006-50215 Other Fringe Benefits 101-1006-50221 Medical Insurance 101-1006-50222 Vision Insurance 101-1006-50223 Dental Insurance 101-1006-50224 Life Insurance 101-1006-50225 Long Term Disability 101-1006-50230 Workers Comp Insurance 101-1006-50240 Social Security -Medicare 101-1006-50241 Social Security -FICA 101-1006-50251 Temporary 50 - Salaries and Benefits Totals: 60 - Contract Services 101-1006-60102 101-1006-60103 101-1006-60104 101-1006-60106 101-1006-60122 60 Administration Professional Services Consultants Auditors Credit Card Fees - Contract Services Totals: 62 - Maintenance & Operations 101-1006-60137 Community Engagement 101-1006-60320 Travel & Training 101-1006-60351 Membership Dues 101-1006-60352 Subscriptions & Publicatk 101-1006-60400 Office Supplies 101-1006-60410 Printing 101-1006-60450 Advertising 62 - Maintenance & Operations Totals: 64 - Other Expenses 101-1006-62005 Bad Debt Expense 64 - Other Expenses Totals: 902,546 1,125,000 1,125,000 830,428 466 0 0 810 1,875 3,700 3,700 1,500 0 0 0 0 93,830 115,900 115,900 80,909 308 0 0 (1,848) (1) 0 0 (2) 10,298 12,900 12,900 9,107 216,868 297,300 297,300 169,111 2,127 0 0 1,634 8,919 0 0 6,475 556 0 0 501 6,129 7,100 7,100 5,941 47,200 46,800 46,800 35,100 13,731 17,300 17,300 12,155 116 0 0 93 42,068 58,200 58,200 5,558 1,347,035 1,684,200 1,684,200 1,157,472 1,194,690 2,000 3,700 1,040 119,650 0 0 13,000 310,250 2,530 10,730 750 8,840 50,900 17,700 0 0 1,735,780 69,690 6% 2,000 0% 0 0% 1,040 0% 3,750 3% 0 0% 0 0% 100 1% 12,950 4% 2,530 0% 10,730 0% 750 0% 1,740 25% 4,100 9% 400 2% 0 0% (58,200) -100% 51,580 3% 15,248 49,270 36,024 106,115 1,166 207,823 25,000 70,000 50,000 110,000 1,500 256,500 25,000 70,000 50,000 110,000 1,500 256,500 13,781 32,399 37,560 50,725 0 134,465 25,000 70,000 50,000 110,000 100 255,100 0 0% 0 0% 0 0% 0 0% (1,400) -93% (1,400) -1% 0 10,747 3,239 3,529 3,325 1,562 552 1,500 25,000 4,000 2,200 4,000 5,000 1,000 1,500 25,000 4,000 2,200 4,000 5,000 1,000 0 13,096 4,119 1,485 3,408 1,576 0 1,000 25,000 4,500 2,200 4,000 5,000 1,000 (500) -33% 0 0% 500 13% 0 0% 0 0% 0 0% 0 0% 22,954 42,700 42,700 23,684 42,700 O 0% 259,973 259,973 0 0 0 0 0 0 0 0 0 0% O 0% 189 CITY OF LA QUINTA GENERAL FUND EXPENSES FY 2026/27 PROPOSED BUDGET 2024/25 2025/26 2025/26 2025/26 2026/27 26/27 vs. % Change Actuals Original Budget Current Budget YTD Activity* Proposed Budget Current 25/26 in Budget 69 - Internal Service Charges 101-1006-98110 Information Tech Charge 69 - Internal Service Charges Totals: 296,000 385,500 385,500 289,125 I 233,200 (152,300) -40% 296,000 385,500 385,500 289,125 233,200 (152,300) -40% 1006 - Finance Totals: 2,133,785 2,368,900 2,368,900 1,604,746 2,266,780 (102,120) -4% 190 CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET Department : 1006 - Finance 101-1006-50101 Permanent Full Time 1,194,690 90% - Finance Director (10% Housing Fund) 100% - Finance Manager 100% - Principal Management Analyst 100% - Sr. Accountant 100% - Accountant 100% - Jr. Accountant 100% - Sr. Finance Technician 100% - Finance Technician/Apprentice (2) 100% - Administrative Technician 101-1006-60102 Administration 25,000 Bank service fees Fiscal custodian fees 101-1006-60103 Professional Services 70,000 101-1006-60104 Financial Advisory Commission Subcommittee Support Professional accounting support Armored Car Services Annual Budget -at -a -Glance Third party audits & policy verifications State Controller's Report - Citywide Pension Plan Review Consulting Services OPEB annual third -party valuation, retiree health Consultants 50,000 Property tax revenue analysis Sales tax revenue analysis 101-1006-60137 Community Engagement 1,000 Community workshop and budget outreach 191 CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET 101-1006-60320 Travel & Training 25,000 California Society of Municipal Finance Officers (CSMFO) Annual Conference California Municipal Treasurers Association (CMTA) Conference League of California Cities Conference Tyler ERP 10 training - Financial software Annual GASB update training Various half -day classes: CSMFO, GFOA, CAPPO 101-1006-60351 Membership Dues 4,500 CA Municipal Finance Officers Association (CSMFO) CA Municipal Treasurer Association (CMTA) Government Finance Officers Association (GFOA) CA Assoc. of Public Procurement Officials (CAPPO) UCLA Economic Forecast 101-1006-60352 Subscriptions & Publications 2,200 Annual Comprehensive Financial Report (ACFR) statistical data reports 101-1006-60410 Printing 5,000 Accounts Payable and Payroll checks Budget and financial reports - covers and tabs Financial Advisory Commission reports 101-1006-60450 Advertising 1,000 Newspaper advertisements for surplus sales and Request for Proposals 192 CITY OF LA QUINTA GENERAL FUND EXPENSES FY 2026/27 PROPOSED BUDGET 2024/25 2025/26 2025/26 Actuals Original Budget Current Budget 2025/26 2026/27 26/27 vs. % Change YTD Activity* Proposed Budget Current 25/26 in Budget 1007 - Central Services 50 - Salaries and Benefits 101-1007-50109 Vacation & Sick Leave BL 101-1007-50115 Contingency for Stafffing 101-1007-50117 PERS - Unfunded Pensior 101-1007-50240 Social Security -Medicare 101-1007-50243 Employer Contrib Retiree 101-1007-50244 State Unemployment Ins 50 - Salaries and Benefits Totals: 62 - Maintenance & Operations 101-1007-60351 101-1007-60401 101-1007-60402 101-1007-60403 101-1007-60405 101-1007-60442 101-1007-60470 101-1007-60536 101-1007-60661 Membership Dues Operating Supplies Forms, Copier Paper Citywide Supplies Miscellaneous Supplies Estimated Claims Postage TOT Resort Rebate Progr Postage Machine 62 - Maintenance & Operations Totals: 68 - Capital Expenses 101-1007-74010 Land Acquisition 68 - Capital Expenses Totals: 69 - Internal Service Charges 101-1007-91842 Liability Insurance & Claii 101-1007-91843 Property & Crime Insurar 101-1007-91844 Earthquake Insurance 101-1007-98110 Information Tech Charge 101-1007-98140 Facility & Fleet Maintenar 69 - Internal Service Charges Totals: 99 - Transfers Out 101-1007-99900 Transfers Out 99 - Transfers Out Totals: 220,155 0 4,125,514 3,192 27,879 9,151 4,385,891 150,000 150,000 146,015 200,000 180,000 0 350,000 350,000 12,896 0 0 2,121 35,000 35,000 21,655 25,000 25,000 1,998 760,000 740,000 184,685 200,000 50,000 33% 200,000 20,000 11% 400,000 50,000 14% 0 0 0% 30,000 (5,000) -14% 10,000 (15,000) -60% 840,000 100,000 14% 130 200 200 130 1,805 2,000 2,000 0 3,405 5,000 5,000 4,595 14,299 12,000 12,000 12,587 255 1,000 1,000 0 0 0 0 7,500 17,151 20,000 20,000 18,439 0 100,000 550,000 0 11,421 13,000 13,000 11,421 48,466 153,200 603,200 54,673 200 0 0% 0 (2,000) -100% 5,000 0 0% 14,000 2,000 17% 500 (500) -50% 0 0 0% 25,000 5,000 25% 100,000 (450,000) -82% 13,000 0 0% 157,700 (445,500) -74% 0 20,000 20,000 0 20,000 0 0% 0 20,000 20,000 0 20,000 0 0% 562,545 28,500 70,000 149,500 80,400 890,945 569,000 26,655 72,000 194,700 81,800 944,155 569,000 26,655 72,000 194,700 81,800 944,155 426,750 19,991 54,000 146,025 61,350 708,116 574,690 26,923 72,720 140,700 81,700 896,733 5,690 268 720 (54,000) (100) (47,422) 8,539,101 8,539,101 25,009,000 25,009,000 67,859,242 67,859,242 20,606,362 20,606,362 22,719,000 22,719,000 (45,140,242) (45,140,242) -67% -67% 1007 - Central Services Totals: 13,864,403 26,886,355 70,166,597 21,553,836 24,633,433 (45,533,164) -65% 193 CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET Department : 1007 - Central Services 101-1007-50115 Contingency for Stafffing 200,000 Workforce flexibility Work within Class and Compensation structure Manage CaIPERS increases Ensure job rates reflect market rates 101-1007-50117 PERS - Unfunded Pension Liability 400,000 Annual minimum CaIPERS requirement to address the City's long- term pension liability, based on actuarial valuation reports. Assumptions include an inflation rate of 2.3% and a discount rate of 6.8%. Contribution allocations are made by pension tier, including Tier 1 - Classic, Tier 2, and PEPRA Tier employees. 101-1007-60536 TOT Resort Rebate Program 100,000 To promote new tourism activities within the City and encourage citywide participation and innovation proposals; rebate for hotels collecting resort fees up to $50,000 per proposal. 101-1007-74010 Land Acquisition 20,000 Engineering maps, property survey & title search services 194 CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET 101-1007-99900 Transfers Out 22,719,000 General Fund transfers to support capital improvement projects: CIP General CIP General CIP General CIP General CIP General Fund Fund Fund Fund Fund - Sidewalk & ADA Ramp Improvements - Citywide PMP Street Improvements - Citywide Drainage Improvements - LLD Median Improvements - Miles Avenue Pavement Rehabilitation CIP General Fund - Citywide Irrigation Upgrades CIP General Fund - SilverRock Park Lake & Irrigation Conversion CIP General Fund - Avenue 47 Pavement Rehabilitation (Washington CIP General Fund -Avenue 52 Pavement Rehabilitation CIP Measure G - Citywide PMP Street Improvements CIP Measure G - Maintenance & Operations Yard Measure G - Cultural Campus CIP Measure G - Hwy 111 Corridor Implementation General Fund support transfers to supplement operations: $75,000 $1,000,000 $477,000 $500,000 $500,000 $250,000 $1,500,000 St to La Quinta Dr) $30,000 $30,000 $1,000,000 $8,000,000 $4,000,000 $1,000,000 Art in Public Places - Maintenance/Installation Gas Tax Fund - Supplement Operations Law Enforcement Fund - Deceased LQ Officers Landscape & Lighting (LLD) Fund - Supplement Maintenance Operations PARS Supplemental Pension Plan SilverRock Resort $50,000 $800,000 $2,000 $3,000,000 $5,000 $500,000 195 CITY OF LA QUINTA INTERNAL SERVICE FUND REVENUE FY 2026/27 PROPOSED BUDGET 2024/25 2025/26 2025/26 2025/26 2026/27 26/27 vs. % Change in Actuals Original Budget Current Budget YTD Activity* Proposed Current 25/26 Budget 501 - FACILITY & FLEET REPLACEMENT 0000 - Undesignated 360 - Use of Money & Property 501-0000-41900 Allocated Interest 198,168 155,000 155,000 87,747 501-0000-41910 GASB 31 Interest 84,163 0 0 0 501-0000-42000 Insurance Recoveries 0 0 0 1,196 360 - Use of Money & Property Totals: 282,331 155,000 155,000 88,943 200,000 45,000 29% 0 0 0% 0 0 0% 200,000 45,000 29% 390 - Other Financing Sources 501-0000-42207 Capital Contributions 49,566 0 0 0 501-0000-43636 FMP Equipment Charges 1,559,000 1,589,500 1,589,500 1,192,125 501-0000-45000 Gain/Loss on Asset Dispc 30,000 1,000 1,000 27,859 390 - Other Financing Sources Totals: 1,638,566 1,590,500 1,590,500 1,219,984 0 0 0% 1,584,700 (4,800) 0% 0 (1,000) -100% 1,584,700 (5,800) 0% 0000 - Undesignated Totals: 1,920,897 1,745,500 1,745,500 1,308,926 1,784,700 39,200 2% • FACILITY & FLEET REPLACEMENT Totals: 1,920,897 1,745,500 1,745,500 1,308,926 1,784,700 39,200 2% 502 - INFORMATION TECHNOLOGY 0000 - Undesignated 340 - Charges for Services 502-0000-43611 Technology Enhancement 109,049 340 - Charges for Services Totals: 109,049 30,000 30,000 156,441 I 100,000 70,000 233% 30,000 30,000 156,441 100,000 70,000 233% 360 - Use of Money & Property 502-0000-41900 Allocated Interest 170,419 12,500 12,500 84,743 I 219,000 206,500 1,652% 502-0000-41910 GASB 31 Interest 65,326 0 0 0 0 0 0% 360 - Use of Money & Property Totals: 235,745 12,500 12,500 84,743 219,000 206,500 1,652% 390 - Other Financing Sources 502-0000-42207 Capital Contributions 90,409 0 0 0 1 0 0 0% 502-0000-43610 Technology Support Char 3,150,000 4,152,500 4,152,500 3,114,375 2,545,000 (1,607,500) -39% 390 - Other Financing Sources Totals: 3,240,409 4,152,500 4,152,500 3,114,375 2,545,000 (1,607,500) -39% 0000 - Undesignated Totals: 3,585,203 4,195,000 4,195,000 3,355,559 2,864,000 (1,331,000) -32% i02 - INFORMATION TECHNOLOGY Totals: 3,585,203 4,195,000 4,195,000 3,355,559 2,864,000 (1,331,000) -32% 503 - PARK EQUIP & FACILITY FUND 0000 - Undesignated 360 - Use of Money & Property 503-0000-41900 Allocated Interest 119,435 50,000 50,000 60,609 I 144,000 94,000 188% 503-0000-41910 GASB 31 Interest 60,891 0 0 0 0 0 0% 360 - Use of Money & Property Totals: 180,326 50,000 50,000 60,609 144,000 94,000 188% 196 CITY OF LA QUINTA INTERNAL SERVICE FUND REVENUE FY 2026/27 PROPOSED BUDGET 2024/25 2025/26 2025/26 2025/26 2026/27 26/27 vs. % Change in Actuals Original Budget Current Budget YTD Activity* Proposed Current 25/26 Budget 390 - Other Financing Sources 503-0000-43620 Park Facility Charges 2,050,000 985,000 985,000 738,750 I 1,271,000 286,000 29% 503-0000-45000 Sale of Other Assets (22,889) 0 0 0 0 0 0% 390 - Other Financing Sources Totals: 2,027,111 985,000 985,000 738,750 1,271,000 286,000 29% 0000 - Undesignated Totals: 2,207,437 1,035,000 1,035,000 799,359 1,415,000 380,000 37% 3 - PARK EQUIP & FACILITY FUND Totals: 2,207,437 1,035,000 1,035,000 799,359 1,415,000 380,000 37% 504 - INSURANCE FUND 0000 - Undesignated 360 - Use of Money & Property 504-0000-41900 Allocated Interest 29,597 17,000 17,000 8,337 I 36,000 19,000 112% 504-0000-41910 GASB 31 Interest 14,801 0 0 0 0 0 0% 360 - Use of Money & Property Totals: 44,398 17,000 17,000 8,337 36,000 19,000 112% 390 - Other Financing Sources 504-0000-43637 Insurance Charges 1,369,842 1,378,941 1,378,941 1,034,206 I 1,437,327 58,386 4% 390 - Other Financing Sources Totals: 1,369,842 1,378,941 1,378,941 1,034,206 1,437,327 58,386 4% 0000 - Undesignated Totals: 1,414,240 1,395,941 1,395,941 1,042,542 1,473,327 77,386 6% 504 - INSURANCE FUND Totals: 1,414,240 1,395,941 1,395,941 1,042,542 1,473,327 77,386 6% 197 CITY OF LA QUINTA INTERNAL SERVICE FUND EXPENSES FY 2026/27 PROPOSED BUDGET 2024/25 2025/26 2025/26 Actuals Original Budget Current Budget 2025/26 2026/27 26/27 vs. % Change YTD Activity* Proposed Budget Current 25/26 in Budget 501 - FACILITY & FLEET REPLACEMENT 0000 - Undesignated 60 - Contract Services 501-0000-60213 Interest Expense 60 - Contract Services Totals: 62 - Maintenance & Operations 501-0000-60674 501-0000-60675 501-0000-60676 501-0000-60677 501-0000-60678 501-0000-60679 Fuel & Oil Parts, Accessories, and U Vehicle Repair & Mainter HAZMAT Containment an Street Sweeper Motorcycle Repair & Main 62 - Maintenance & Operations Totals: 63 - Insurance 501-0000-91843 Property & Crime Insurar 63 - Insurance Totals: 68 - Capital Expenses 501-0000-71020 Furniture 501-0000-71030 Vehicles, Rentals & Leas€ 501-0000-71031 Vehicles, Purchased 501-0000-71032 Building Leases 501-0000-71103 City Bldg Repl/Repair 501-0000-71110 Depreciation Expense 501-0000-71111 Deprec Exp - Mach & EqL 501-0000-71112 Depreciation Expense - B 501-0000-71113 Depreciation Expense - V 501-0000-71114 Depreciation Expense - Iv 501-0000-71121 Depreciation Expense - P 501-0000-71124 Depreciation Expense - P 501-0000-80100 Machinery & Equipment 68 - Capital Expenses Totals: 99 - Transfers Out 501-0000-99900 Transfers Out 99 - Transfers Out Totals: 0000 - Undesignated Totals: 1,052 1,052 108,083 18,756 100,734 0 170 23,355 251,100 14,220 14,220 20,843 (5,369) (121,881) 2,982 721,064 2,002 132,738 54,379 352,197 18,742 527 32,809 126,500 1,337,534 0 0 0 100,000 100,000 100,000 0 0 20,000 320,000 14,363 14,363 65,000 5,000 75,000 46,000 600,000 0 80,000 50,000 350,000 15,000 550 25,000 50,000 1,361,550 50,000 0 0 100,000 100,000 100,000 0 0 20,000 320,000 14,363 14,363 65,000 5,000 175,000 46,000 750,000 0 80,000 50,000 350,000 15,000 550 25,000 250,000 1,811,550 331,614 0 0 83,326 44,460 78,979 3,599 91 28,749 239,204 10,772 10,772 1,116 1 137,144 33,974 211,087 0 0 0 0 0 0 0 48,332 431,654 0I 0 0 100,000 100,000 100,000 0 200 20,000 320,200 14,507 14,507 25,000 5,000 150,000 58,000 600,000 2,000 80,000 50,000 350,000 15,000 550 30,000 50,000 1,415,550 50,000 0 0% 0 0% 0 0% 0 0% 0 0% 0 0% 200 0% 0 0% 200 0% 144 1% 144 1% (40,000) -62% 0 0% (25,000) -14% 12,000 26% (150,000) -20% 2,000 0% 0 0% 0 0% 0 0% 0 0% 0 0% 5,000 20% (200,000) -80% (396,000) -22% (281,614) -85% 0 50,000 331,614 0 50,000 (281,614) -85% 1,603,906 1,745,913 2,477,527 681,630 1,800,257 (677,270) -27% • FACILITY & FLEET REPLACEMENT Totals: 1,603,906 1,745,913 2,477,527 681,630 1,800,257 (677,270) -27% 198 CITY OF LA QUINTA INTERNAL SERVICE FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET Fund: 501 - FACILITY & FLEET REPLACEMENT 501-0000-71103 City Bldg Repl/Repair 600,000 Funding for miscellaneous City building repairs and maintenance, including interior and exterior improvements, painting, and related facility upkeep as needed. 199 CITY OF LA QUINTA INTERNAL SERVICE FUND EXPENSES FY 2026/27 PROPOSED BUDGET 2024/25 2025/26 2025/26 Actuals Original Budget Current Budget 2025/26 2026/27 26/27 vs. % Change YTD Activity* Proposed Budget Current 25/26 in Budget 502 - INFORMATION TECHNOLOGY 0000 - Undesignated 50 - Salaries and Benefits 502-0000-50101 Permanent Full Time 502-0000-50200 PERS-City Portion 502-0000-50215 Other Fringe Benefits 502-0000-50221 Medical Insurance 502-0000-50222 Vision Insurance 502-0000-50223 Dental Insurance 502-0000-50224 Life Insurance 502-0000-50225 Long Term Disability 502-0000-50240 Social Security -Medicare 50 - Salaries and Benefits Totals: 60 - Contract Services 502-0000-60104 Consultants 502-0000-60108 Technical 502-0000-60213 SBITA Interest Expense 502-0000-60300 Maintenance Agreements 502-0000-60301 Software Licenses 60 - Contract Services Totals: 62 - Maintenance & Operations 502-0000-60320 Travel & Training 502-0000-60351 Membership Dues 502-0000-60400 Office Supplies 502-0000-60420 Operating Supplies 502-0000-60662 Copiers 62 - Maintenance & Operations Totals: 66 - Utilities 502-0000-61300 502-0000-61301 502-0000-61400 Telephone - Utilities Cell/Mobile Phones Cable/Internet - Utilities 66 - Utilities Totals: 68 - Capital Expenses 502-0000-71047 502-0000-71049 502-0000-71110 502-0000-71111 502-0000-71115 502-0000-71121 502-0000-71122 502-0000-80100 502-0000-80103 68 - City Clerk, Software Enhi Software Implementatior Depreciation Expense Deprec Exp - Mach & EqL Depreciation Expense - S Depreciation Expense - P Depreciation Expense - C Machinery & Equipment Computers Capital Expenses Totals: 43,277 3,311 521 5,739 36 230 28 292 627 169,200 13,500 1,820 38,200 0 0 0 1,100 2,500 169,200 13,500 1,820 38,200 0 0 0 1,100 2,500 39,187 3,016 436 4,861 34 192 24 278 568 123,990 9,830 1,300 48,870 330 1,650 70 920 1,800 (45,210) (3,670) (520) 10,670 330 1,650 70 (180) (700) - 27% - 27% - 29% 28% 0% 0% 0% - 16% - 28% 54,061 226,320 226,320 48,595 188,760 (37,560) -17% 754,478 325 40,470 27,798 373,624 1,196,695 1,550,000 9,000 0 33,000 900,000 2,492,000 1,550,000 9,000 0 33,000 900,000 2,492,000 469,272 0 0 33,210 868,905 1,371,387 750,000 0 40,000 36,000 900,000 1,726,000 (800,000) -52% (9,000) -100% 40,000 0% 3,000 9% 0 0% (766,000) -31% 0 120 0 13,662 18,245 32,027 1,500 0 0 8,000 80,000 89,500 1,500 0 0 8,000 80,000 89,500 0 0 160 7,579 17,990 25,730 1,500 200 500 8,000 80,000 90,200 0 200 500 0 0 700 0% 0% 0% 0% 0% 1% 37,917 62,556 107,625 208,098 35,000 60,000 90,000 185,000 35,000 60,000 90,000 185,000 39,930 37,723 88,699 166,353 37,000 60,000 90,000 187,000 2,000 0 0 2,000 6% 0% 0% 1% 7,017 21,676 0 183,715 357,113 173 1,267 62,399 71,685 705,044 13,000 250,000 5,000 60,000 70,000 0 0 500,000 305,000 1,203,000 13,000 250,000 5,000 60,000 70,000 0 0 500,000 405,000 1,303,000 0 0 0 0 0 0 0 64,417 88,115 152,532 10,000 30,000 5,000 6,000 70,000 175 1,300 250,000 300,000 672,475 (3,000) (220,000) 0 (54,000) 0 175 1,300 (250,000) (105,000) (630,525) - 23% - 88% 0% - 90% 0% 0% 0% - 50% - 26% -48% 0000 - Undesignated Totals: 2,195,927 4,195,820 4,295,820 1,764,596 2,864,435 (1,431,3M) -33% CITY OF LA QUINTA INTERNAL SERVICE FUND EXPENSES FY 2026/27 PROPOSED BUDGET 2024/25 2025/26 2025/26 2025/26 2026/27 26/27 vs. % Change Actuals Original Budget Current Budget YTD Activity* Proposed Budget Current 25/26 in Budget i02 - INFORMATION TECHNOLOGY Totals: 2,195,927 4,195,820 4,295,820 1,764,596 2,864,435 (1,431,385) -33% CITY OF LA QUINTA INTERNAL SERVICE FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET Fund: 502 - INFORMATION TECHNOLOGY 502-0000-50101 Permanent Full Time 100% - Technology Manager 123,990 502-0000-60104 Consultants 750,000 Contracted information technology services and other related major infrastructure projects 502-0000-60320 Travel & Training 1,500 Fraud prevention, firewall, encryption, coding, and other IT - related trainings 502-0000-60420 Operating Supplies 8,000 Small equipment such as keyboards, computer mouses, cables, conference room TV's, speakers, docking stations, etc. 502-0000-80100 Machinery & Equipment 250,000 Continued anticipated technology equipment purchases and upgrades for City Hall operations and infrastructure. 202 CITY OF LA QUINTA INTERNAL SERVICE FUND EXPENSES FY 2026/27 PROPOSED BUDGET 2024/25 2025/26 2025/26 2025/26 2026/27 26/27 vs. % Change Actuals Original Budget Current Budget YTD Activity* Proposed Budget Current 25/26 in Budget 503 - PARK EQUIP & FACILITY FUND 0000 - Undesignated 68 - Capital Expenses 503-0000-71020 Furniture 5,473 15,000 15,000 0 503-0000-71060 Parks 389,952 920,000 1,420,000 553,296 503-0000-71110 Depreciation Expense 1,203 0 0 0 503-0000-71122 Depreciation Expense - C 649,081 0 0 0 68 - Capital Expenses Totals: 1,045,708 935,000 1,435,000 553,296 30,000 15,000 100% 500,000 (920,000) -65% 1,205 1,205 0% 600,000 600,000 0% 1,131,205 (303,795) -21% 0000 - Undesignated Totals: 1,045,708 935,000 1,435,000 553,296 1,131,205 (303,795) -21% 3 - PARK EQUIP & FACILITY FUND Totals: 1,045,708 935,000 1,435,000 553,296 1,131,205 (303,795) -21% 203 CITY OF LA QUINTA INTERNAL SERVICE FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET Fund: 503 - PARK EQUIP & FACILITY FUND 503-0000-71060 Parks 500,000 Funding for citywide park enhancements, including replacement and upgrades of park amenities such as benches, picnic tables, playground components, and other improvements or additions to park facilities. 204 CITY OF LA QUINTA INTERNAL SERVICE FUND EXPENSES FY 2026/27 PROPOSED BUDGET 2024/25 2025/26 2025/26 Actuals Original Budget Current Budget 2025/26 2026/27 26/27 vs. % Change YTD Activity* Proposed Budget Current 25/26 in Budget 504 - INSURANCE FUND 1010 - Insurance 60 - Contract Services 504-1010-60103 Professional Services 504-1010-60320 Travel & Training 504-1010-60351 Membership Dues 60 - Contract Services Totals: 62 - Maintenance & Operations 504-1010-60420 Operating Supplies 62 - Maintenance & Operations Totals: 63 - Insurance 504-1010-60441 504-1010-60442 504-1010-60443 504-1010-60446 504-1010-60447 504-1010-60452 Liability Insurance Claims Property Insurance Crime Insurance Earthquake Insurance Workers Comp Premium 63 - Insurance Totals: 1010 - Insurance Totals: 0 0 0 0 2,500 5,000 1,000 8,500 2,500 5,000 1,000 8,500 0 432 0 432 2,500 5,000 1,000 8,500 0 0 0 0 0% 0% 0% 0% 14,788 14,788 17,500 17,500 17,500 17,500 10,694 10,694 15,000 15,000 (2,500) -14% (2,500) -14% 379,413 0 186,956 1,800 242,000 225,876 1,036,045 470,000 2,500 197,000 2,100 242,000 303,000 1,216,600 470,000 2,500 197,000 2,100 242,000 303,000 1,216,600 469,820 0 161,514 1,800 242,000 302,846 1,177,980 498,900 2,500 157,900 2,100 242,000 383,500 1,286,900 28,900 6% 0 0% (39,100) -20% 0 0% 0 0% 80,500 27% 70,300 6% 1,050,833 1,242,600 1,242,600 1,189,106 1,310,400 67,800 5% 504 - INSURANCE FUND Totals: 1,050,833 1,242,600 1,242,600 1,189,106 1,310,400 67,800 5% 205 CITY OF LA QUINTA INTERNAL SERVICE FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET Fund: 504 - INSURANCE FUND 504-1010-60320 Travel & Training 5,000 Funding for travel, training, conferences, and professional development, including risk management training opportunities provided by organizations such as California Joint Powers Insurance Authority (CJPIA), Public Agency Risk Management Association (PARMA), and other related agencies and associations 504-1010-60351 Membership Dues 1,000 Public Agency Risk Management Association (PARMA) members 504-1010-60420 Operating Supplies 15,000 Ergonomic assessments and first aid kit supplies/maintenance 206 DEPARTMENTAL REPORT ITEM NO. 1 City of La Qu i nta FINANCIAL ADVISORY COMMISSION SPECIAL MEETING DEPARTMENTAL REPORT TO: Members of the Financial Advisory Commission FROM: Claudia Martinez, Finance Director/City Treasurer DATE: May 13, 2026 SUBJECT: FINANCE DEPARTMENT CURRENT AND FUTURE INITIATIVES The Finance Department would like to provide updates on the following matters. AUDIT & FINANCIAL REPORTING • Citywide Interim Audit for fiscal year 2025/26 took place from May 4, 2026, to May 8, 2026. Interim audit procedures included testing of internal controls, financial transactions, and compliance -related processes in preparation for the fiscal year- end audit. COMMITTEE UPDATES • Financial Projections Task Force (Commissioners Anderson and Dorsey) o The Fiscal Year (FY) 2026/27 budget will be updated in the TrueComp (Govinvest) Financial Forecasting software, with related meetings to be scheduled. • FY 2026/27 General Fund Operating Budget Subcommittee (Commissioners Dorsey and Niblo) o Conducted meeting on May 1, 2026 CITY UPDATES • SilverRock Update — The City has a dedicated website which includes updates, documents, and a timeline outlining the Talus/SilverRock Resort project. The City Manager and City Attorney provide regular case updates during Council meetings, and those updates will also be posted on the website. City Website: www.laquintaca.gov/taluslq • Hwy 111 Corridor Specific Plan — The City has a dedicated website which includes updates and meeting documents. City website: https://www.laquintaca.gov/our-city/city-departments/design-and- development/planning-division/highway-111-specific-plan o Council and Planning Commission joint meeting held on September 26, 2023. 207 o Planning Commission meeting held on October 14, 2025 and City Council meeting held on November 18, 2025, with a continuation on January 20, 2026. o To date, expenditures related to the project are detailed in the Project Activity Report (Attachment 1), in the amount of $1,430,707.80. Revenue allocations of Measure G do not yet include the most recent quarter entry. • Imperial Irrigation District (IID) power distribution substations in La Quinta, cost - share options for upgrades; prior Council study sessions held on January 16, 2024 and February 18, 2025. On December 16, 2025, Council adopted a resolution to appropriate $10 million from General Fund Unassigned Reserves; approved the transfer of funding from the City to the La Quinta Financing Authority through a Financing Agreement between the 2 entities; and approved the following two agreements with IID related to the Avenue 58 substation expansion and improvements, and the purchase of certain power equipment: ■ Engineering and Procurement Agreement (for certain long lead-time equipment to be paid for by the City), subject to reimbursement by developers; and ■ Funding and Reservation of Capacity Agreement for the Avenue 58 Transformer Bank Addition. In March 2026, the City processed the first deposit of approximately $5.1 million to support the initial phase of the substation expansion project. This funding allows IID to immediately begin engineering and procurement of critical long -lead equipment, including transformers, breakers, and switchgear, which are estimated to take 14 to 16 months for delivery. The deposit is structured as a loan to the La Quinta Financing Authority and is expected to be repaid as developers fulfill their required milestone payments, with the City's advance prioritized for reimbursement. o Coachella Valley Power Agency (CVPA): ■ March 18, 2025 — Approval of the proposed Coachella Valley Power Agency (CVPA) Joint Powers Agreement to establish an independent public agency for Riverside County and the Coachella Valley to give stakeholders the authority they have sought to address electrical infrastructure needs and services. ■ April 1, 2025 — Council authorized the City as the first member of CVPA via Resolution No. 2025-0007 ■ October 7, 2025 — The Coachella Valley Public Agency (CVPA) Joint Powers Authority (JPA) currently includes the Cities of La Quinta and Indio, and the County of Riverside. The CVPA has contracted with the Coachella Valley Association of Governments (CVAG) to oversee the administration and management of the CVPA while the CVPA JPA works to hire its own staff. For FY 2025/26, the CVPA JPA members approved a $500,000 budget, and agreed that the three members would contribute $166,666 each. 208 UPCOMING EVENTS • In partnership with Desert Arc, the City is hosting a free Shred & E-Waste Collection Event on Saturday, May 23, 2026, in the City Hall South Parking Lot. This event will take place from 7 a.m. to 11 a.m. Additional events can be found on the City's website at https://www.laquintaca.gov/about- us/calendar. It is important to note the items mentioned in this update are in addition to the daily functions of the Finance Department, which include, but are not limited to, staff report writing/review, payroll, accounts payable, accounts receivable, revenue processing, journal entries, capital accounting, project accounting, purchasing, investing, cash/treasury management, bank reconciliations, budgeting, research and analysis, staff training and development, and general financial support for all City departments. Attachment: 1. Project Activity Report 209 ATTACHMENT 1 4 —“dMyrINUlI — Project Number 201905 Revenues Account Key 201905MG City of La Quinta GL Account Number 401-0000-49500 401-0000-49500 401-0000-49500 401-0000-49500 401-0000-49500 401-0000-49500 401-0000-49500 401-0000-49500 401-0000-49500 401-0000-49500 401-0000-49500 401-0000-49500 401-0000-49500 401-0000-49500 401-0000-49500 401-0000-49500 401-0000-49500 401-0000-49500 401-0000-49500 401-0000-49500 401-0000-49500 401-0000-49500 401-0000-49500 Project Name Group Highway 111 Corridor Area Plan Implementati Fund 401 Construction in Process Account Name Measure G Funding Category Measure G - Measure G Funding GL Account Name Post Date Description Transfers In 03/31/2020 MG 201905 HWY 111 CORRIDOR PLAN Transfers In 06/30/2020 MG 201905 HIGHWAY 111 CORRIDOR AREA PLAN Transfers In Transfers In Transfers In Transfers In Transfers In Transfers In Transfers In Transfers In Transfers In Transfers In Transfers In Transfers In Transfers In Transfers In Transfers In Transfers In Transfers In Transfers In Transfers In Transfers In 09/30/2020 MG 201905 HIGHWAY 111 CORRIDOR AREA PLAN 12/31/2020 MG 201905 HIGHWAY 111 CORRIDOR AREA PLAN 03/31/2021 MG 201905 HIGHWAY 111 CORRIDOR AREA PLAN 06/30/2021 MG HIGHWAY 111 CORRIDOR AREA PLAN 09/30/2021 MG 201905 HIGHWAY 111 CORRIDOR PLAN 12/31/2021 MG 201905 HWY CORRIDOR AREA PLAN 03/31/2022 MG 201905 HWY CORRIDOR AREA PLAN 06/30/2022 MG 201905 HWY CORRIDOR AREA PLAN 09/30/2022 MG 201905 HWY CORRIDOR AREA PLAN 12/31/2022 MG 201905 HIGHWAY 111 CORRIDOR AREA 03/31/2023 MG 201905 HIGHWAY 111 CORRIDOR AREA 06/30/2023 MG 201905 HIGHWAY 111 CORRIDOR AREA 09/30/2023 MG 201905 HIGHWAY 111 CORRIDOR AREA 12/31/2023 MG 201905 HIGHWAY 111 CORRIDOR AREA 03/31/2024 MG 201905 HIGHWAY 111 CORRIDOR AREA 06/30/2024 CORR SB1 FUNDING FOR 201905 PROJECT 09/30/2024 CORR MG 201905/202225 HIGHWAY 111 CORRIDOR A 12/31/2024 MG 201905 HIGHWAY 111 CORRIDOR AREA 03/31/2025 MG 201905 HIGHWAY 111 CORRIDOR AREA 06/30/2025 MG 201905 HIGHWAY 111 CORRIDOR AREA Transfers In 09/30/2025 MG 201905 HIGHWAY 111 CORRIDOR AREA Project Activity Report By Project Number Report Dates: 07/01/2019 - 05/07/2026 Type Status St Improvements Active Vendor Name Total Activity -1,372,845.30 Item Number Activity -1,980.00 -5,006.25 FY 19/20 Total: -6,986.25 -11,715.00 -41,035.00 -7,955.00 -230,049.59 FY 20/21 Total: -290,754.59 -2,995.00 -30,468.25 -3,020.00 -130,479.46 FY 21/22 Total: -166,962.71 -14,775.00 -4,537.50 -145,350.50 -120,554.00 FY 22/23 Total: -285,217.00 -49,950.15 -1,662.50 -58,634.71 -237,691.79 FY 23/24 Total: -347,939.15 73,042.37 -25,166.00 -96,466.25 -82,132.22 FY 24/25 Total: -130,722.10 -71,086.25 5/7/2026 4:53:49 PM Page 1 of 6 210 Project Activity Report Report Dates: 07/01/2019 - 05/07/2026 GL Account Number 401-0000-49500 201905561 GL Account Number 401-0000-49500 401-0000-49500 401-0000-49500 401-0000-49500 Expenses Account Key 201905D GL Account Number 401-0000-60185 401-0000-60185 401-0000-60185 401-0000-60185 401-0000-60185 401-0000-60185 GL Account Name Transfers In SB1 Maintenance Funding GL Account Name Transfers In Transfers In Transfers In Transfers In Account Name Design Expense GL Account Name Design Design Design Design Design Design 401-0000-60185 Design 401-0000-60185 Design 401-0000-60185 Design 401-0000-60185 Design 401-0000-60185 Design 401-0000-60185 Design 401-0000-60185 Design 401-0000-60185 Design 401-0000-60185 Design 401-0000-60185 Design 401-0000-60185 Design 401-0000-60185 Design 401-0000-60185 Design 401-0000-60185 Design 401-0000-60185 Design 401-0000-60185 Design Post Date Description 12/31/2025 MG 201905 HIGHWAY 111 CORRIDOR AREA SB1 Maint Fund - SB1 Maintenance Funding Post Date Description 06/30/2024 CORR SB1 FUNDING FOR 201905 PROJECT 06/30/2024 SB1 201905 HIGHWAY 111 CORRIDOR AREA 06/30/2024 SB1 201905 HIGHWAY 111 CORRIDOR AREA 06/30/2024 SB1 201905/202223 HIGHWAY 111 CORRIDOR AREA Post Date 12/18/2020 12/18/2020 04/16/2021 04/16/2021 06/11/2021 06/25/2021 10/08/2021 10/29/2021 04/22/2022 04/22/2022 06/30/2022 06/30/2022 09/02/2022 03/03/2023 03/03/2023 03/03/2023 03/03/2023 03/17/2023 06/30/2023 06/30/2023 06/30/2023 06/30/2023 Category Design - Design Expense Description 2019-05 HWY 111 CORRIDOR PROJECT (PLAN&ENG) 2019-05 HWY 111 CORRIDOR PROJECT (PLAN&ENG) 02/2021 - HWY 111 PLANNING/ ENGINEERING SVCS 12/2020 - HWY 111 PLANNING/ ENGINEERING SVCS 04/2021 - HWY 111 PLANNING/ENGINEERING SVCS 05/2021 - HWY 111 PLANNING/ENGINEERING SVCS 06/2021 - HWY 111 PLANNING/ENGINEERING SVCS 07/2021 - HWY 111 PLANNING/ENGINEERING SVCS 03/24/22 - HWY 111 SITE TOUR LUNCH 03/24/22 - HWY 111 SITE TOUR TRANSPORTATION 03/2022 HWY 111 CORRIDOR PLANNING/ENGINEERIN 06/2022 HWY 111 CORRIDOR PLANNING/ENGINERRI 07/2022 - HWY 111 CORRIDOR PLANNING/ENGINERRI 09/2022 HWY 111 CORRIDOR PLANNING/ENGINEERIN 10/2022 HWY 111 CORRIDOR PLANNING/ENGINEERIN 11/2022 HWY 111 CORRIDOR PLANNING/ENGINEERIN 12/2022 HWY 111 CORRIDOR PLANNING/ENGINEERIN 01/2023 HWY 111 CORRIDOR PLANNING/ENGINEERIN 02/2023 - HWY 111 CORRIDOR PLANNING/ENGINEERI 03/2023 - HWY 111 CORRIDOR PLANNING/ENGINEERI 04/2023 - HWY 111 CORRIDOR PLANNING/ENGINEERI 05/2023 - HWY 111 CORRIDOR PLANNING/ENGINEERI Vendor Name Vendor Name Vendor Name GHD INC. GHD INC. GHD INC. GHD INC. GHD INC. GHD INC. GHD INC. GHD INC. BANK OF THE WEST (PLEASE SEE BANK OF THE WEST (PLEASE SEE GHD INC. GHD INC. GHD INC. GHD INC. GHD INC. GHD INC. GHD INC. GHD INC. GHD INC. GHD INC. GHD INC. GHD INC. Item Number Activity -73,177.25 FY 25/26 Total: -144,263.50 Item Number FY 23/24 Total: Activity 237,691.79 -102,565.49 -57,573.80 -77,552.50 0.00 0.00 Total Revenues: -1,372,845.30 Item Number 153361 151505 158460 155454 161990 163575 FY 20/21 Total: 165668 380-0000621 MAR'226925BM MAR'226925BM 380-0012735 380-0016011 FY 21/22 Total: 380-0017688 380-0020901 380-0023845 380-0024095 380-0025445 380-0027217 380-0028778 380-0030405 380-0031910 380-0033492 Total Activity 1,337,751.55 Activity 25,600.00 8,290.00 78,461.25 32,923.75 75,409.84 34,827.25 255,512.09 19,315.75 8,620.00 207.43 460.00 41,235.83 84,123.70 153,962.71 12,962.50 49,617.50 51,571.25 18,251.25 9,171.25 12,726.75 18,667.58 9,366.25 22,207.51 22,721.95 5/7/2026 4:53:49 PM Page 2 of 6 211 Project Activity Report Report Dates: 07/01/2019 - 05/07/2026 GL Account Number 401-0000-60185 401-0000-60185 401-0000-60185 401-0000-60185 401-0000-60185 401-0000-60185 401-0000-60185 401-0000-60185 401-0000-60185 401-0000-60185 401-0000-60185 401-0000-60185 401-0000-60185 401-0000-60185 401-0000-60185 401-0000-60185 401-0000-60185 401-0000-60185 401-0000-60185 401-0000-60185 401-0000-60185 401-0000-60185 201905P GL Account Number 401-0000-60103 401-0000-60103 401-0000-60103 401-0000-60103 401-0000-60103 401-0000-60103 401-0000-60103 401-0000-60103 401-0000-60103 401-0000-60103 GL Account Name Design Design Design Design Design Design Design Design Design Design Design Design Design Design Design Design Design Design Design Design Design Design Professional Expense GL Account Name Professional Services Professional Services Professional Services Professional Services Professional Services Professional Services Professional Services Professional Services Professional Services Professional Services Post Date Description Vendor Name 06/30/2023 06/2023 - HWY 111 CORRIDOR PLANNING/ENGINERRI GHD INC. 09/08/2023 07/2023 HWY 111 CORRIDOR PLANNING/ENGINEERIN 01/26/2024 10/2023 - HWY 111 CORRIDOR PLANNING/ENGINEERI 05/24/2024 01/2024 HWY 111 CORRIDOR PLANNING/ENGINEERIN 05/24/2024 03/2024 HWY 111 CORRIDOR PLANNING/ENGINEERIN 06/30/2024 04/2024 HWY 111 CORRIDOR PLANNING/ENGINEERIN 06/30/2024 05/01-06/30/24 - ONCALL PLANNING SERVICES 06/30/2024 ACCRUE 05/2024 HWY 111 CORRIDOR PLANNING 06/30/2024 ACCRUE 06/2024 HWY 111 CORRIDOR PLANNING 09/20/2024 05/2024 HWY 111 CORRIDOR PLANNING/ENGINEERIN 09/20/2024 06/2024 HWY 111 CORRIDOR PLANNING/ENGINEERIN 09/20/2024 HWY 111 CONSTRUCTION SIGNAGE 09/30/2024 ACCRUE 05/2024 HWY 111 CORRIDOR PLANNING 09/30/2024 ACCRUE 06/2024 HWY 111 CORRIDOR PLANNING 11/08/2024 08/2024 HWY 111 CORRIDOR PLANNING/ENGINEERIN 02/07/2025 09/2024 HWY 111 CORRIDOR PLANNING/ENGINEERIN 02/07/2025 12/2024 HWY 111 CORRIDOR PLANNING/ENGINEERIN 06/30/2025 04/2025 HWY 111 CORRIDOR PLANNING/ENGINEERIN 06/30/2025 5/01-6/30/25 HWY 111 CORRIDOR PLANNING/ENGIN 12/05/2025 09/2025 HWY 111 CORRIDOR PLANNING/ENGINEERIN 01/23/2026 HWY 111 CORRIDOR PLANNING/ENGINEERING SVCS 04/10/2026 02/2026 HWY 111 CORRIDOR PLANNING/ENGINEERIN Professional - Professional Expense Post Date Description 03/20/2020 04/24/2020 06/12/2020 06/30/2020 09/04/2020 09/25/2020 10/09/2020 12/04/2020 01/15/2021 01/22/2021 02/2020 HIGHWAY 111 CORRIDOR 03/2020 HIGHWAY 111 CORRIDOR 05/2020 HIGHWAY 111 CORRIDOR 06/2020 HIGHWAY 111 CORRIDOR 07/2020 HIGHWAY 111 CORRIDOR 08/2020 HIGHWAY 111 CORRIDOR 09/2020 HIGHWAY 111 CORRIDOR 10/2020 HIGHWAY 111 CORRIDOR HIGHWAY 111 CORRIDOR HIGHWAY 111 CORRIDOR GHD INC. GHD INC. GHD INC. GHD INC. GHD INC. TERRA NOVA PLANNING & RESE GHD INC. GHD INC. BEST SIGNS INC GHD INC. GHD INC. GHD INC. GHD INC. GHD INC. GHD INC. GHD INC. GHD INC. Vendor Name NAI CONSULTING INC NAI CONSULTING INC NAI CONSULTING INC NAI CONSULTING INC NAI CONSULTING INC NAI CONSULTING INC NAI CONSULTING INC NAI CONSULTING INC NAI CONSULTING INC NAI CONSULTING INC Item Number 380-0035378 FY 22/23 Total: 380-0036834 380-0041445 380-0047294 380-0048891 380-0051494 TN1198158 FY 23/24 Total: 380-0054142REV 380-0054348 98554 380-0057493 380-0063398 380-0063431 380-0072463 380-0076089 FY 24/25 Total: 380-0079261 380-0083152 380-0087931 FY 25/26 Total: Item Number 8 JOB 2019-08 9 JOB 2019-08 11 JOB 2019-08 12 JOB 2019-08 FY 19/20 Total: 13 JOB 2019-08 14 JOB 2019-08 15 JOB 2019-08 16 JOB 2019-08 17 JOB 2019-08 18 JOB 2019-08 Activity 42,803.21 270,067.00 49,312.65 54,534.71 32,062.36 53,767.93 13,082.70 877.50 20,296.30 37,277.50 261,211.65 20,296.30 37,277.50 3,540.13 -20,296.30 -37,277.50 22,993.50 9,563.75 83,940.00 78,989.72 70,173.75 269,200.85 72,112.25 32,746.25 22,938.75 127,797.25 92,956.25 Activity 1,980.00 825.00 330.00 3,851.25 6,986.25 9,240.00 2,475.00 2,182.50 4,962.50 2,657.50 720.00 5/7/2026 4:53:49 PM Page 3 of 6 212 Project Activity Report Report Dates: 07/01/2019 - 05/07/2026 GL Account Number GL Account Name Post Date Description Vendor Name Item Number Activity 401-0000-60103 Professional Services 03/05/2021 HIGHWAY 111 CORRIDOR NAI CONSULTING INC 19 JOB 2019-08 980.00 401-0000-60103 Professional Services 03/19/2021 HIGHWAY 111 CORRIDOR NAI CONSULTING INC 2019-08.20 3,597.50 401-0000-60103 Professional Services 04/23/2021 HIGHWAY 111 CORRIDOR NAI CONSULTING INC 2019-08.21 2,072.50 401-0000-60103 Professional Services 05/28/2021 HIGHWAY 111 CORRIDOR NAI CONSULTING INC 2019-08.22 1,657.50 401-0000-60103 Professional Services 06/18/2021 HIGHWAY 111 CORRIDOR NAI CONSULTING INC 2019-08.23 1,850.00 401-0000-60103 Professional Services 06/30/2021 HIGHWAY 111 CORRIDOR NAI CONSULTING INC 2019-08.24 2,847.50 FY 20/21 Total: 35,242.50 401-0000-60103 Professional Services 09/17/2021 07/2021 HIGHWAY 111 CORRIDOR 401-0000-60103 Professional Services 09/17/2021 08/2021 HIGHWAY 111 CORRIDOR 401-0000-60103 Professional Services 11/05/2021 09/2021 HIGHWAY 111 CORRIDOR 401-0000-60103 Professional Services 12/03/2021 10/2021 HIGHWAY 111 CORRIDOR 401-0000-60103 Professional Services 01/14/2022 11/2021 - HIGHWAY 111 CORRIDOR 401-0000-60103 Professional Services 01/14/2022 12/2021 HIGHWAY 111 CORRIDOR 401-0000-60103 Professional Services 02/25/2022 01/2022 HIGHWAY 111 CORRIDOR 401-0000-60103 Professional Services 03/18/2022 02/2022 HIGHWAY 111 CORRIDOR 401-0000-60103 Professional Services 04/15/2022 03/2022 - HIGHWAY 111 CORRIDOR 401-0000-60103 Professional Services 06/30/2022 05/2022 HIGHWAY 111 CORRIDOR 401-0000-60103 Professional Services 06/30/2022 06/2022 HIGHWAY 111 CORRIDOR 401-0000-60103 Professional Services 08/26/2022 07/2022 2019-05 HIGHWAY 111 CORRIDOR 401-0000-60103 Professional Services 10/07/2022 08/2022 HIGHWAY 111 CORRIDOR 401-0000-60103 Professional Services 10/28/2022 09/2022 - 2019-05 HIGHWAY 111 CORRIDOR 401-0000-60103 Professional Services 12/16/2022 12/2022 - 2019-05 HIGHWAY 111 CORRIDOR 401-0000-60103 Professional Services 02/03/2023 12/2022 - 2019-05 HIGHWAY 111 CORRIDOR 401-0000-60103 Professional Services 02/24/2023 01/2023 - 2019-05 HIGHWAY 111 CORRIDOR 401-0000-60103 Professional Services 05/05/2023 03/2023 HIGHWAY 111 CORRIDOR 401-0000-60103 Professional Services 05/05/2023 03/2023 HIGHWAY 111 CORRIDOR 401-0000-60103 Professional Services 06/23/2023 05/2023 - 2019-05 HIGHWAY 111 CORRIDOR 401-0000-60103 Professional Services 06/30/2023 06/2023 - 2019-05 HIGHWAY 111 CORRIDOR 401-0000-60103 Professional Services 08/25/2023 07/2023 HIGHWAY 111 CORRIDOR 401-0000-60103 Professional Services 10/13/2023 08/2023 - 2019-05 HIGHWAY 111 CORRIDOR 401-0000-60103 Professional Services 10/27/2023 09/2023 HIGHWAY 111 CORRIDOR 401-0000-60103 Professional Services 11/17/2023 10/2023 - 2019-05 HIGHWAY 111 CORRIDOR 401-0000-60103 Professional Services 01/19/2024 11/2023 HIGHWAY 111 CORRIDOR 401-0000-60103 Professional Services 01/19/2024 12/2023 HIGHWAY 111 CORRIDOR 401-0000-60103 Professional Services 02/23/2024 01/2024 HIGHWAY 111 CORRIDOR 401-0000-60103 Professional Services 04/26/2024 03/2024 HIGHWAY 111 CORRIDOR 401-0000-60103 Professional Services 05/31/2024 04/2024 HIGHWAY 111 CORRIDOR 401-0000-60103 Professional Services 06/30/2024 05/2024 HIGHWAY 111 CORRIDOR NAI CONSULTING INC NAI CONSULTING INC NAI CONSULTING INC NAI CONSULTING INC NAI CONSULTING INC NAI CONSULTING INC NAI CONSULTING INC NAI CONSULTING INC NAI CONSULTING INC NAI CONSULTING INC NAI CONSULTING INC NAI CONSULTING INC NAI CONSULTING INC NAI CONSULTING INC NAI CONSULTING INC NAI CONSULTING INC NAI CONSULTING INC NAI CONSULTING INC NAI CONSULTING INC NAI CONSULTING INC NAI CONSULTING INC NAI CONSULTING INC NAI CONSULTING INC NAI CONSULTING INC NAI CONSULTING INC NAI CONSULTING INC NAI CONSULTING INC NAI CONSULTING INC NAI CONSULTING INC NAI CONSULTING INC NAI CONSULTING INC 2019-08.25 2019-08.26 2019-08.27 2019-08.28 2019-08.29 2019-08.30 2019-08.31 2019-08.32 2019-08.33 2019-08.35 2019-08.36 FY 21/22 Total: 2019-08.37 2019-08.38 2019.08.39 2019-08.41 2019-08.42 2019-08.43 2019-08.44 2019-08.45 2019-08.47 2019-08.48 FY 22/23 Total: 2019-08.49 2019-08.50 2019-08.51 2019-08.52 2019-08.53 2019-08.54 2019-08.55 2019-08.57 2019-08.58 2019-08.59 630.00 2,365.00 790.00 1,742.50 620.00 930.00 192.50 1,277.50 1,860.00 967.50 1,625.00 13,000.00 1,812.50 1,700.00 1,962.50 875.00 3,312.50 700.00 725.00 2,137.50 1,250.00 675.00 15,150.00 637.50 437.50 700.00 525.00 887.50 875.00 2,337.50 500.00 750.00 537.50 5/7/2026 4:53:49 PM Page 4 of 6 213 Project Activity Report Report Dates: 07/01/2019 - 05/07/2026 GL Account Number GL Account Name Post Date Description Vendor Name Item Number Activity 401-0000-60103 Professional Services 06/30/2024 06/2024 HIGHWAY 111 CORRIDOR NAI CONSULTING INC 2019-08.60 987.50 FY 23/24 Total: 9,175.00 401-0000-60103 Professional Services 09/06/2024 07/2024 - HIGHWAY 111 CORRIDOR NAI CONSULTING INC 2024-03.01 970.00 401-0000-60103 Professional Services 10/04/2024 08/2024 - HIGHWAY 111 CORRIDOR NAI CONSULTING INC 2024-03.02R1 475.00 401-0000-60103 Professional Services 11/08/2024 09/2024 HIGHWAY 111 CORRIDOR NAI CONSULTING INC 2024-03.03 1,407.50 401-0000-60103 Professional Services 12/06/2024 10/2024 HIGHWAY 111 CORRIDOR NAI CONSULTING INC 2024-03.04 47.50 401-0000-60103 Professional Services 12/27/2024 11/2024 HIGHWAY 111 CORRIDOR NAI CONSULTING INC 2024-03.05 242.50 401-0000-60103 Professional Services 02/07/2025 12/2024 - PROFESSIONAL ENGINEERING SERVICES NAI CONSULTING INC 2024-03.06 195.00 401-0000-60103 Professional Services 02/28/2025 01/2025 HIGHWAY 111 CORRIDOR NAI CONSULTING INC 2024-03.07 1,260.00 401-0000-60103 Professional Services 03/21/2025 02/2025 HIGHWAY 111 CORRIDOR NAI CONSULTING INC 2024-03.08 1,507.50 401-0000-60103 Professional Services 05/02/2025 03/2025 - HIGHWAY 111 CORRIDOR NAI CONSULTING INC 2024-03.09 1,602.50 401-0000-60103 Professional Services 05/16/2025 04/2025 HIGHWAY 111 CORRIDOR NAI CONSULTING INC 2024-03.10 780.00 401-0000-60103 Professional Services 06/13/2025 05/2025 HIGHWAY 111 CORRIDOR NAI CONSULTING INC 2024-03.11 427.50 401-0000-60103 Professional Services 06/30/2025 06/2025 HIGHWAY 111 CORRIDOR NAI CONSULTING INC 2024-03.12 332.50 FY 24/25 Total: 9,247.50 401-0000-60103 Professional Services 08/29/2025 07/2025 HIGHWAY 111 CORRIDOR NAI CONSULTING INC 2024-03.13R1 142.50 401-0000-60103 Professional Services 09/26/2025 08/2025 HIGHWAY 111 CORRIDOR NAI CONSULTING INC 2024-03.14 770.00 401-0000-60103 Professional Services 10/24/2025 09/2025 HIGHWAY 111 CORRIDOR NAI CONSULTING INC 2024-03.15 390.00 401-0000-60103 Professional Services 12/05/2025 10/2025 HIGHWAY 111 CORRIDOR NAI CONSULTING INC 2024-03.16 675.00 401-0000-60103 Professional Services 01/23/2026 12/2025 HIGHWAY 111 CORRIDOR NAI CONSULTING INC 2024-03.18R1 432.50 401-0000-60103 Professional Services 03/27/2026 01/2026 HIGHWAY 111 CORRIDOR NAI CONSULTING INC 2024-03.19 1,022.50 401-0000-60103 Professional Services 04/17/2026 03/2026 HIGHWAY 111 CORRIDOR NAI CONSULTING INC 2024-03.21 722.50 FY 25/26 Total: 4,155.00 Total Expenses: 1,430,707.80 201905 Total: 57,862.50 5/7/2026 4:53:49 PM Page 5 of 6 214 Project Activity Report Report Dates: 07/01/2019 - 05/07/2026 Summary Revenue Over/ Project Number Project Name Total Revenue Total Expense (Under) Expenses 201905 Highway 111 Corridor Area Plan Imr 1,372,845.30 1,430,707.80 -57,862.50 Project Totals: 1,372,845.30 1,430,707.80 -57,862.50 Group Fund 401 Construction in Process Project Summary Group Summary Group Totals: Total Revenue 1,372,845.30 1,372,845.30 Type Summary Total Expense 1,430,707.80 1,430,707.80 Type Total Revenue Total Expense St Improvements 1,372,845.30 1,430,707.80 Type Totals: 1,372,845.30 1,430,707.80 Revenue Over/ (Under) Expenses -57,862.50 -57,862.50 Revenue Over/ (Under) Expenses -57,862.50 -57,862.50 5/7/2026 4:53:49 PM Page 6 of 6 215 216 DEPARTMENTAL REPORT ITEM NO. 2 City of La Qu i nta FINANCIAL ADVISORY COMMISSION SPECIAL MEETING DEPARTMENTAL REPORT TO: Members of the Financial Advisory Commission FROM: Rosemary Ha!lick, Principal Management Analyst DATE: May 13, 2026 SUBJECT: FOURTH QUARTER 2025 (OCTOBER-DECEMBER) SALES TAX UPDATE The attached report was prepared by consultants, HdL Companies, as an update of sales tax receipts for fourth quarter sales from October to December 2025. • La Quinta's overall adjusted sales tax receipts for major industry groups increased 5.6% as compared to the same period prior year. As a comparison, Riverside County was down 1.0% and the state was up 1.2%. The increase was spread between various categories such as general consumer goods, restaurants, state & county pools, and building & construction. Details may be found in the attached quarterly Sales Tax Update newsletter prepared by HdL. • The City's sales -per -capita remains higher than both the county and state averages. -- Riverside County Southern Laiifornia California Per Capita Selea 40 10 20 30 40 10 20 30 40 10 20 30 40 22 23 23 23 23 24 24 24 24 25 25 25 25 Pt91 i ShYMI reaed 11* pefi00 /1 WW1 the safes otaired - Pura of Sale S10.000 $9.000 58,000 57,000 56.000 55.000 $4.000 • General consumer goods (such as department stores) made up 37% of sales tax revenue and 44% of Measure G revenue. • Autos and transportation made up 7% of sales tax revenue and 14% of Measure G revenue. 217 • The City continues to benefit from online purchasing in the form of the County pool share, which was 17% of our sales tax revenue. Sales Tax Autos and Transportation Buiding and Construction state an County Pools Business and Indusity Bul ld r g and General Constnidion Consulter Goods 4Q25 Percent of Total Food and Drugs Fuel and Senice Stations Restaurants and Hotels 4025 Percent of Total Food Fuel arld and Sence pis Stations Business d Indust General Consumer Goods Measure G Anlas anc Transportation Restaurants and Hotels 218 The City continuously monitors local development, economic conditions, impacts on travel and trade, as well as legislative and judicial developments for any potential changes affecting sales tax collections. Fiscal year-to-date sales tax collections are shown in the chart below. Combined, the City has received $18.9 million in sales and transactions taxes so far this year, as compared to $17.9 million in the same periods of Fiscal 2024/25, up about 5.44%. Payment July 2025 Advance August 2025 Advance September 2025 -3rd Qtr Payment Bradley Burns 33060 Measure G 520 $ 842,524 $ $ 704,882 $ $ 824,968 $ 1,128,639 976,087 1,078,869 2025 $ 2,372,374 $ 3,183, 595 October 2025 Advance November 2025Advance December 2025 - 4th Qtr Payment $ 1,152,415 $ $ 1,021,291 $ $ 1,371,282 $ 1,441,580 1,298,233 1,877,599 2025 $ 3,544,988 $ 4,617,412 January 2026 Advance February 2026 Advance March 2026 - 1st Qtr Payment 2026 April 2026 Advance May 2026 Advance June 2026 - 2nd Qtr Payment $ 1,269,613 $ $ 1,088,925 $ 1,495,809 1,329,694 2026 Total Last Year, same period Variance $ 8,275,900 $ 10,626,510 $ 7,818,224 $ 10,107,820 5.85% 5.13% Attachment 1: HdL Q4 2025 Sales Tax Update 219 ATTACHMENT 1 CITY OF LA QUINTA SALES TAX UPDATE 4Q 2025 (OCTOBER - DECEMBER) thd LA QUINTA TOTAL: $ 3,602,183 5.6% 4Q2025 -1.0% 1.2% COUNTY 0 STATE 'Allocation aberrations have been adjusted to reflect sales activity $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $o General Consumer Goods 1 Restaurants and Hotels SALES TAX BY MAJOR BUSINESS GROUP 111 County and State Pools Building and Construction Autos and Transportation - - Food Fuel and and Service Drugs Stations Business and Industry Legend Q4 2024* • Q4 2025` Measure G TOTAL: $4,662,410 © 7.3% CITY OF LA QUINTA HIGHLIGHTS La Quinta's receipts from October - December were 1.9% above the fourth sales period in 2024. Excluding reporting aberrations, actual sales were up 5.6%. Although general consumer goods showed continued spending at the 2025 year-end, it was noted as a lukewarm holiday season. The building -construction sector reported modest growth when compared to the year ago period. Revenue from the business -industry sector posted a minor increase as buyers acted more deliberately, delaying purchases, and reducing inventory levels. After a strong third quarter driven by buyers beating tariff increases, 4Q25 saw a sharp, unexpected slowdown in vehicle sales. In 4Q25, the fuel -service station category experienced a challenging quarter characterized by a combination of seasonal demand decline and significant price drops. The City's share of the countywide use tax pool increased 18.0% when compared to the same period in the prior year. Measure G, the City's voter -approved transactions and use tax, generated $4,662,410. Net of aberrations, taxable sales for Riverside County declined 1.0% over the comparable time -period; the Southern California region was up 1.0%. TOP 25 PRODUCERS Best Buy Chick Fil A Circle K Costco Floor & Decor Genesis/Hyundai of La Quinta Hobby Lobby Home Depot In N Out Burger Kohls La Quinta Chevrolet & Cadillac La Quinta Resort & Club Lowes Marshalls PGA WEST Private Clubhouse & Golf Courses Ross Target TJ Maxx Torre Nissan Trader Joe's Ulta Beauty Verizon Wireless Vons Walmart Supercenter WDC Kitchen & Bath La Quinta HdL© Companies www.hdlcompanies.com 888.861.0220 Published by HdL Compa4Pn Spring 2026 4Q 2025 CITY OF LA QUINTA SALES TAX UPDATE STATEWIDE RESULTS California's local one cent sales and use tax receipts posted moderate growth during the fourth quarter, reflecting resilient consumer behavior despite persistent economic headwinds. For the months of October through December, revenues increased 1.2% from the year ago quarter after adjusting for accounting anomalies. This performance capped an overall improvement for calendar year 2025 of 1.2%, marking a welcomed annual increase after two consecutive years of decline. Consumer spending patterns during the holiday season played a central role in the fourth-quarter results. Fulfillment centers and countywide use tax pools generated strong returns, driven by sustained demand for online shopping as cost-conscious consumers prioritized convenience and price comparison. This e-commerce momentum persisted throughout the 2025 year. Traditional brick - and -mortar retailers, particularly apparel and jewelry stores, also realized modest seasonal gains, benefiting from holiday purchasing activity. Restaurant sales taxes rose again, although operators reported continual pressure from rising costs that influenced customer behavior. Diners reduced visit frequency and alcohol purchases, reflecting heightened price sensitivity. While upcoming national and global sporting events in California could support localized growth, broader restaurant sector expansion is expected to remain constrained and concentrated primarily in tourism -heavy and event -focused regions. Energy -related initiatives produced solid returns; however, revenue allocation mechanisms shifted, with proceeds previously reported directly to local agencies now distributed through county pools during the current period. In contrast, the autos -transportation and building -construction sectors remained subdued. Elevated interest rates, seasonal purchasing patterns, and winter weather limited activity, particularly in high -value purchases such as vehicles and home improvement projects. Contractors in roofing and concrete experienced reduced productivity, reinforcing expectations of continued stagnation in these industries. With minimal interest rate relief projected for 2026, significant near -term recovery remains unlikely. Looking ahead, emerging global risks present growing uncertainty. While not reflected in current results, escalating tensions in the Middle East have driven West Texas Intermediate crude oil prices above $100 per barrel, translating into sharply higher gasoline prices exceeding $6 per gallon locally. Refinery closures across Northern and Southern California further amplify supply pressures. Prolonged energy price volatility could force consumers to redirect spending toward fuel costs, reducing discretionary expenditures in other sectors. Prior to these developments, short-term economic expectations were cautiously optimistic. However, renewed inflationary pressure has led the Federal Reserve to delay anticipated interest rate reductions, limiting consumer flexibility. Stubbornly high fuel prices may also dampen travel and tourism through summer, leaving little room for broad - based sales tax growth in the year. REVENUE BY BUSINESS GROUP La Quinta This Calendar Year* Others s% Cons.Goods 35% Building 10% Pools 15% Restaurants 24% Autos/Trans. 8% *ADJUSTED FOR ECONOMIC DATA TOP NON -CONFIDENTIAL BUSINESS TYPES La Quinta Business Type Casual Dining Electronics/Appliance Stores Leisure/Entertainment Quick -Service Restaurants Family Apparel Service Stations Specialty Stores Grocery Stores Fine Dining Home Furnishings Q4 '25* 238.3 170.4 156.3 120.6 109.2 95.6 92.4 87.2 70.9 42.6 *Allocation aberrations have been adiusted to reflect sales activity County HdL State Change Change Change - 3.2%I® -0.70/0e 2.3%0 3.2%O -2.0%e-3.6% 5.7%2.2%4) -0.8% 18.6%0 1.0%O 0.2%• 3.3%• 3.6%O 6.4%• - 3.5%IS -0.9%e-2.2%IS -2.6%IS 1.8%O-1.4%IS 4.4%0 1.0%0 0.7%• - 1.2%I®-3.8%IS-1.6%IS 29.6%•-5.6%1.9%• *In thousands of dollars 221 POWER POINTS FINANCIAL ADVISORY COMMISSION SPECIAL MEETING MAY 13, 2026 May 13, 2026 Financial Advisory Commission Special Meeting May 13, 2026 1 May 13, 2026 Financial Advisory Commission Special Meeting May 13, 2026 3 Financial Advisory Commission Special Meeting May 13, 2026 4 2 May 13, 2026 Financial Advisory Commission Special Meeting May 13, 2026 5 Financial Advisory Commission Special Meeting May 13, 2026 Business Item No. 1 Recommend Council Approval of Fiscal Year 2026/27 Investment Policy 6 3 May 13, 2026 Current Policy • Investment Policy Certificate of Excellence by the Association of Public Treasurers • Certified by the California Municipal Treasurers Association • Follows California Government Code • Emphasizes the importance of safety and liquidity May 13, 2026 7 2026/27 Proposed Changes • No material changes are proposed — Dates edited where applicable — Minor edits to layout and/or grammar for clarity — Edit to Section X to note "Local Agency Bonds" are Municipal Bonds and covered under 4 sections of the GOV code §53601(a), (c), (d) and (e) May 13, 2026 8 4 May 13, 2026 Financial Advisory Commission Special Meeting May 13, 2026 Business Item No. 2 Receive and File Third Quarter Fiscal Year 2025/26 Treasury Reports for January, February, and March 2026 9 May 13, 2026 Portfolio Allocations as of March 2026 Portfolio Allocations as of March 2026 Tr. N. 2 93% •LYO•n,•ha,•l •14 IIt •IA• •Y •LAL/ •hi•raa• ♦I,•••••., •tU% •lgyms am •NI.. 10 5 May 13, 2026 11 TREASURY RATES AND PORTFOLIO RETURNS . eyY, t,. s • .-MW,•a ?alai KS. at Mann, — c4 bRao rtv Yield To Total RatE Maturity Return 3.67% 3.64% 3.68% 3.37% 3.54% 3.75% 3.63% 3.59% Year 566,704 685,819 1,064,767 2,317,290 6 May 13, 2026 Bond Income - Q3 Activity • Maturities of $6.98 million, that had coupon payments totaling $97,698 • Calls of $2.0 million, that had coupon payments totaling $86,250 • Purchases of $12.74 million, with new coupon payments totaling $482,469 • Increase in annual income of $298,521 May 13, 2026 13 Fed — FOMC and Rates • Left rates unchanged at April meeting; several members dissented due to policy language leaning toward future cuts • April inflation announced - CPI 3.8%, PPI 6.0% • Kevin Warsh confirmed to FOMC 5/12/2026, Chair vote today — Replaces Stephen Miran (`dove"), who has been voting for cuts Testified in hearing he has not promised lower rates Believes Fed balance sheet (assets held) should be lower Case for easier monetary policy complicated by recent inflation numbers May change how Fed communicates — possible changes to forward guidance May 13, 2026 14 7 May 13, 2026 Going Forward • Monitor Fed information as available • Monitor short-term liquid funds rates (money markets, pools) and potentially transfer to longer -term investments if rates are favorable • Manage cash effectively to maintain needed liquidity while maximizing potential earnings May 13, 2026 15 Questions? 41 2° May 13, 2026 16 8 May 13, 2026 Financial Advisory Commission Special Meeting May 13, 2026 Study Session Item No. 1 Discuss Fiscal Year 2026/27 Preliminary Proposed Budget 17 BUDGET OVERVIEW ➢ Focus on General Fund and Internal Service Funds ➢ Revenues & Expenses • Changes from FY 25/26 • Discuss assumptions and major variances r Measure G Summary 6 18 9 May 13, 2026 General Fund Revenues General Fund Revenues 2025/26 2025/26 2026/27 Original Current Proposed Change Current v. Pr••osed Tax Revenues Licenses & Permits Intergovernmental Charges for Services Fines. Forefeitures & Abatemerts Use of Money & Property. fvlisc. Transfers In 64.510 000 2.329.700 12.353.000 1.032 450 347,500 6.676.100 4.993.504 68.265,000 2.329,700 12.853,000 1.112,450 347,500 6.776,100 4.993,504 68.480,000 2.384.500 13.103,000 1,035.500 275.000 7,491.600 215.000 54.800 250,000 (76,950i (72, 5001 715.500 4.993,504 Total Revenues 92,242.254 96,677.254 92,769,600 (3,907,654) Top 3 Revenue Sources: ✓ Sales Tax revenue $28.8 million ✓ Transient Occupancy Tax (TOT) $15.5 million ✓ Property Tax revenue $14.2 million May 13, 2026 19 May 13, 2026 General Fund Expenses General Fund Expenditures 2025/26 202526 2028127 Original Current Proposed nange Current v. City Countll CMy Men eger Department Matkeling & Community Rola:ions Ca), Attorney Human Resources Cny Cler>,. Cepartmer: Ponce Fire 347 700 347.700 373 560 2.008 900 2 175,566 2.169 220 1.975 740 1 990,740 2.277 330 1.100 000 1 100,000 1.200 000 881 900 881,900 959050 1.658 070 1.658.070 1.714 870 21 692.000 21 762.000 23.387 800 11.656.212 12.056,212 12,606 297 Cammur.ttyServices Admirsvaton 578.000 578,000 545.440 Wellness Center Opera:ions 731.150 731,150 813 570 Recreational Programs 8 Events 2.475.600 2.475.600 2.502 860 Code Compitance+Anenal Control 1_973.740 1.973.740 1.999.650 Public Safety Administration 385.014 385.014 347.855 Parks Maintenance 4.731.650 4.731.650 5.123.250 Public Buildings 2.045.357 2.045.357 2.263 170 Public WorksAdministratior 865.900 865.900 816.490 Public Works Development Services 552 700 572,700 718.950 Streets Department- Traffic 1.190.750 1.190,750 1.154 140 Engineering Senues 1.359 700 1 359,700 1,357 160 Design Si De, opment Admrtistraton 734 300 734,300 755 940 Planning 1.692, 800 1 592,800 1,745 160 BLaiding 1.610. 100 1 610,100 1.600 420 The Hun 1 419.650 1 419,650 1,385 940 Finance 2.368 900 2.368,900 2.266 780 (102.120) Centreleed Services 26,886.355 70 166,597 24.633.433 45,533.164 Total auras 92,822,188 118,774,096 94,718.335 25.860 16346) 286 590 100 000 77 150 56 800 1 625 800 550 085 (32.560 ) 82 420 27 260 25910 (37 159) 391.600 217.813 (49 410 ) 146 250 (36 610) (2540) 21640 152.360 (9 680 ) (33 710) (42.055.761) 20 10 May 13, 2026 General Fund Expenditure Assumptions Salaries & Benefits • Annual step increases & CaIPERS rate increase • Benefit cost increases • Labor market and staffing adjustments May 13, 2026 Contract Services/Maintenance & Operations • Annual contract escalations • Increased costs for goods, materials & services • Ongoing facility and infrastructure maintenance Utilities/Internal Service Charges • Utility cost increases • Insurance premium increases • Facility, park, and technology improvement projects 21 General Fund Variances Division Change from PY City Manager's Department ($6,346) Professional Services- addition of Economic Development consultant, transfer/reallocation of staffing Marketing & Community Relations $286,590 Transfer position, increase in promotional items and sponsorships, increased TOT re: VGPS payment City Clerk Department $56,800 Estimated costs for 2026 Elections services Police $1,625,800 Salary & Benefits- estimated 8% rate increase Fire $550,085 Salary & Benefits- estimated 9% rate increase May 13, 2026 22 11 May 13, 2026 General Fund Variances Division Change from PY Parks Maintenance $391,600 Landscape & Fritz Burns pool contract (new additions), utility increases, park improvements Public Buildings $217,813 Planned HVAC replacements and repairs Public Works $146,250 Development Services Salary & Benefits- additional position Streets Department- ($36,610) Additional funding for emergency storm response and Traffic unforeseen weather -related operational needs Planning $152,360 Sphere of Influence (SOI) Master Plan efforts May 13, 2026 23 General Fund Variances Division Change from PY Centralized Services ($45,533,164) Annual unfunded pension liability payment, capital improvement carryovers for multi -year projects May 13, 2026 Current Budget includes: ■ FY 24/25 to 25/26 General Fund and Measure G carryovers ■ Additional funding of about $1 million for Fritz Burns Park ■ Appropriation of $10 million to the Financing Authority 24 12 May 13, 2026 Internal Service Funds Fund INTERNAL SERVICE FUNDS SUMMARY Current Proposed FY 25/26 FY 26/27 Variance Equipment Replacement Information Techndogy Park Equipment Insurance Fund 2,477,527 4,295,820 1.435,000 1,242,600 1,800.257 2,864.435 1,131.205 1,310,400 (677,270) (1,431,385) (303,795) 67,800 9,450,947 7,106,297 (2,344,650) • Support the City's internal operations • Revenues derived from the General Fund based on employee and equipment allocations May 13, 2026 25 May 13, 2026 General Fund Summary GENERAL FUND FY 2026/27 PROPOSED BUDGET SUMMARY Revenues Less Operating/CI P Expenses Preliminary Budget Surplus/(Deficit) Use of Measure G Reserves S 92.769.600 (94,718.335) (1,948.735) 2,000.000 BUDGET SURPLUS $ 51,265 MEASURE G SALES TAX SUMMARY Measure G Sales Tax Revenue $ 16,000,000 Police Services (4,000,000) Ca•ital I srovements 14 000 000 Available for Appropriation $ (2,000,000) 26 13 May 13, 2026 1 FY 2026/27 Budget Schedule • May 19 — City Council, Study Session #1 • June 2 — City Council, Study Session #2 • June 10 — Financial Advisory Commissi • June 10 — Housing Commission • June 16 — City Council, Adoption For the latest budget information visit: www.ipt.gov/business/finance/budget 27 28 14 May 13, 2026 Financial Advisory Commission Special Meeting May 13, 2026 Departmental Report Item No. 1 Finance Department Current and Future Initiatives 29 Financial Advisory Commission Special Meeting May 13, 2026 Departmental Report Item No. 2 Fourth Quarter 2025 (October — September) Sales Tax Update 30 15 May 13, 2026 Major Industry Groups Saes ax 4Q25 Percent of Total May 13, 2026 4025 Percent of Total Ff.AM1 Fuel inn afiervce C.ugs alarm 5 Measure G 31 Summary • Sales Taxes for the quarter on a cash -receipt basis were up as compared to last year • The State also saw increases YOY, however the County was slightly down • Larger increases were concentrated in the restaurant hotel sector and the county pool categories, but consumer goods also saw gains May 13, 2026 32 16 May 13, 2026 Top 25 Businesses TOP 25 PRODUCERS - In Alphabetical Order Q4 2025 Measure G Amazon Fulfillment Services Amazon MFA Best Buy Circle K Costco Dept. of Motor Vehicles Floor & Decor Hobby Lobby Home Depot Kohls La Quinta Resort & Club Lowes Marshalls ,atnls Brothers Furniture OneSource Supply Solutions PGA West Private Clubhouse Restoration Hardware Rolls Royce of Beverly Hills Ross San Francisco Exotic Cars Target TJ Maxx Ulta BeauL, Verizon Wireless Walmart Sales Tax Best Buy ChickFilA Circle K Costco Floor & Decor Genesis/Hyundai of La Quinta Hobby Lobby Home Depot In-n-Out Burger Kohls La Quinta Chevrolet & Cadillac La Quinta Resort & Club Lowes Marshalls PGA West Private Clubhouse Ross Target TJ Maxx Torre Nissan Trader Joe's Ulta Beauty Verizon Wireless Vons Walmart WDC Kitchen & Bath Change from Q3: Add Rolls Royce of Beserly Hills, San Francisco Exotic Cars,PGA West Private Clubhouse, Hobby Lobby, Mathis Brothers Fumiture, Ulta Beauty. Remoee Nixon Ferguson Enterprises, Genesis Hyundai, In-n-Out, Tesla Motors, Tower Mart, Trader Joe's. Change from Q3: Add PGA West Private Clubhouse, Trader Joe's and Vons. Remose Longhom Steakhouse, McDonald's, and Tower Mart May 13, 2026 33 Financial Advisory Commission Special Meeting May 13, 2026 34 17 May 13, 2026 Next Financial Advisory Commission Special Meeting will be on 35 36