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HomeMy WebLinkAbout2026 05 19 Councilta Qaigra — GF.M of'the DESERT — • CONSENT CALENDAR ITEM NO. 4 City Council agendas and staff reports WAS PULLED AND CONSIDERED AS are available on the City's website at BUSINESS SESSION ITEM NO. 1 www.LaQuintaCA.pov/PublicMeetings CITY COUNCIL AGENDA CITY HALL COUNCIL CHAMBER 78495 Calle Tampico, La Quinta REGULAR MEETING ON TUESDAY, MAY 19, 2026 3:00 P.M. CLOSED SESSION 14:00 P.M. OPEN SESSION Members of the public may listen to this meeting by tuning -in live via www.laguintaca.gov/livemeetings- past meetings are available through the video archive via www.laguintaca.gov/pastmeetings Closed captions in English and Spanish are available to all users through this video streaming service. CALL TO ORDER ROLL CALL: Councilmembers: Fitzpatrick, McGarrey, Pena, Sanchez, and Mayor Evans PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA At this time, members of the public may address the City Council on any matter not listed on the agenda pursuant to the "Public Comments — Instructions" listed at the end of the agenda. The City Council 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 CLOSED SESSION CONFERENCE WITH LEGAL COUNSEL — EXISTING LITIGATION; PURSUANT TO PARAGRAPH (1) OF SUBDIVISION (d) OF GOVERNMENT CODE SECTION 54956.9-1 CASES NAMES AND NUMBERS — MULTIPLE (listed below, all in U.S. Bankruptcy Court. District of Delaware) CASE NAME: CASE NUMBER SilverRock Development Company, LLC 24-11647 SilverRock Lifestyle Residences, LLC 24-11648 SilverRock Lodging, LLC 24-11650 SilverRock Luxury Residences, LLC 24-11652 CITY COUNCIL AGENDA Page 1 of 8 MAY 19, 2026 SilverRock Phase I, LLC 24-11654 RGC PA 789, LLC 24-11657 2. CONFERENCE WITH LEGAL COUNSEL — EXISTING LITIGATION; PURSUANT TO PARAGRAPH (1) OF SUBDIVISION (d) OF GOVERNMENT CODE SECTION 54956.9; NAME OF CASE: CONSTRUCTION LOAN SERVICES II, LLC V. SILVERROCK DEVELOPMENT COMPANY, ET AL. (U.S. District Court, District of Delaware, CASE NO. 25-1342-CFC) 3. CONFERENCE WITH LEGAL COUNSEL — EXISTING LITIGATION; PURSUANT TO PARAGRAPH (1) OF SUBDIVISION (d) OF GOVERNMENT CODE SECTION 54956.9-1 NAME OF CASE: CITY OF LA QUINTA V. SILVERROCK DEVELOPMENT COMPANY, ET AL. (RIVERSIDE COUNTY SUP. CT. CASE NO. CVPS2404750) 4. CONFERENCE WITH LEGAL COUNSEL —ANTICIPATED LITIGATION; INITIATION OF LITIGATION PURSUANT TO PARAGRAPH (4) OF SUBDIVISION (d) OF GOVERNMENT CODE SECTION 54956.9 (NUMBER OF CASES: 1) RECESS TO CLOSED SESSION RECONVENE AT 4:00 P.M. REPORT ON ACTION(S) TAKEN IN CLOSED SESSION PLEDGE OF ALLEGIANCE PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA At this time, members of the public may address the City Council on any matter not listed on the agenda pursuant to the "Public Comments — Instructions" listed at the end of the agenda. The City Council 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)]. ANNOUNCEMENTS, PRESENTATIONS, AND WRITTEN COMMUNICATIONS SILVERROCK (FORMERLY TALUS) DEVELOPMENT PROJECT— STATUS UPDATE 2. PROCLAMATION IN RECOGNITION OF THE 57T" ANNUAL PROFESSIONAL MUNICIPAL CLERKS WEEK - MAY 3-9, 2026 3. PROCLAMATION IN RECOGNITION OF LARRY BOHANNAN, A LEGENDARY GOLF JOURNALIST FOR THE COACHELLA VALLEY, AND CONGRATULATING HIM ON HIS RETIREMENT FROM THE DESERT SUN CITY COUNCIL AGENDA Page 2 of 8 MAY 19, 2026 4. PRESENTATION BY COLLEGE OF THE DESERT (COD) PARTNERSHIP AND COMMUNITY EDUCATION DIRECTOR VERONICA IZURIETA ON THE LANDSCAPING CERTIFICATION PROGRAM THROUGH COD, IN PARTNERSHIP WITH THE COACHELLA VALLEY ASSOCIATION OF GOVERNMENTS AND COACHELLA VALLEY WATER DISTRICT 5. PRESENTATION BY SUNLINE TRANSIT AGENCY CEO/GENERAL MANAGER MONA BABAUTA ON THE AGENCY'S RIDES REIMAGINED PROJECT— PHASE 2 CONSENT CALENDAR NOTE: Consent Calendar items are routine in nature and can be approved by one motion. 1. APPROVE COUNCIL SPECIAL MEETING MINUTES DATED MAY 1, 2026 2. APPROVE AMENDMENT NO. 1 TO AGREEMENT FOR CONTRACT SERVICES WITH ACTION PARK ALLIANCE FOR MANAGEMENT AND OPERATIONS OF THE LA QUINTA X-PARK 3. APPROVE AMENDMENT NO. 7 TO AB 2766 MEMORANDUM OF UNDERSTANDING WITH THE COACHELLA VALLEY ASSOCIATION OF GOVERNMENTS TO PROVIDE FUNDING FOR THE REGIONAL PM10 STREET SWEEPING PROGRAM PAGE 4. Pulled from the Consent Calendar by staff and considered as Business Session 31 Item No. 1 >>> APPROVE COMMUNITY CARD CUSTOMER EEME T WITH YIFTEE INC FOR ECONOMIC DEVELOPMENT SUBSIDY FOR SMALL BUSINESSES IN LA QUINTA FOR FISCAL YEAR 2026/27 5. APPROVE PLANS, SPECIFICATIONS, ENGINEER'S ESTIMATE, AND ADVERTISE FOR BID THE CITYWIDE MISCELLANEOUS CONCRETE IMPROVEMENTS PROJECT NO. 2024-06 6. AUTHORIZE THE PUBLIC WORKS DEPARTMENT TO UTILIZE RED TERRA NURSERY TO PURCHASE UP TO $70,000 OF PLANT MATERIAL IN FISCAL YEAR 2025/26 7. RECEIVE AND FILE THIRD QUARTER FISCAL YEAR 2025/26 TREASURY 47 REPORTS FOR JANUARY, FEBRUARY, AND MARCH 2O26 BUSINESS SESSION PAGE 1. Pulled from the Consent Calendar (Item No. 4) by staff and considered as Business Session Item No. 1 >>> APPROVE COMMUNITY CARD CUSTOMER AGREEMENT WITH YIFTEE, INC FOR ECONOMIC DEVELOPMENT SUBSIDY FOR SMALL BUSINESSES IN LA QUINTA FOR FISCAL YEAR 2026/27 CITY COUNCIL AGENDA Page 3 of 8 MAY 19, 2026 STUDY SESSION PAGE 1. DISCUSS FISCAL YEAR 2026/27 PRELIMINARY PROPOSED BUDGET PUBLIC HEARINGS — None DEPARTMENTAL REPORTS PAGE 1. CITY MANAGER 2. CITY ATTORNEY 3. CITY CLERK 4. COMMUNITY SERVICES 5. DESIGN AND DEVELOPMENT 2026 6. FINANCE 7. PUBLIC SAFETY 8. PUBLIC WORKS QUARTERLY REPORT — JANUARY-MARCH MAYOR'S AND COUNCIL MEMBERS' ITEMS REPORTS AND INFORMATIONAL ITEMS 1. ART PURCHASE COMMITTEE (McGarrey & Sanchez) 2. CALIFORNIA JOINT POWERS INSURANCE AUTHORITY (Sanchez) 3. CANNABIS AD HOC COMMITTEE (Pena & Sanchez) 4. COACHELLA VALLEY ANIMAL CAMPUS COMMISSION (Sanchez) 5. COACHELLA VALLEY MOSQUITO AND VECTOR CONTROL DISTRICT (Pena) 6. COACHELLA VALLEY MOUNTAINS CONSERVANCY (McGarrey) 7. COACHELLA VALLEY POWER AGENCY (Evans) 8. COACHELLA VALLEY UNIFIED SCHOOL DISTRICT COMMITTEE (Fitzpatrick & Pena) 9. COACHELLA VALLEY WATER DISTRICT JOINT POLICY COMMITTEE (Evans) 10. COMMUNITY SERVICE GRANT REVIEW COMMITTEE (Fitzpatrick & McGarrey) 11. COACHELLA VALLEY ASSOCIATION OF GOVERNMENTS: A) CONSERVATION COMMISSION (Evans) B) CONSERVATION COMMISSION LEGISLATIVE ADVISORY AD HOC COMMITTEE (Fitzpatrick) C) ENERGY AND SUSTAINABILITY RESOURCES COMMITTEE (Evans) D) EXECUTIVE COMMITTEE (Evans) E) HOMELESSNESS COMMITTEE (Pena) F) PUBLIC SAFETY COMMITTEE (Pena) G) TRANSPORTATION COMMITTEE (Fitzpatrick) 12. DESERT RECREATION DISTRICT COMMITTEE (Fitzpatrick & McGarrey) 13. DESERT SANDS UNIFIED SCHOOL DISTRICT COMMITTEE (Evans & Sanchez) 14. ECONOMIC DEVELOPMENT SUBCOMMITTEE (Evans & Fitzpatrick) 15. GREATER COACHELLA VALLEY CHAMBER OF COMMERCE INFORMATION EXCHANGE COMMITTEE (Fitzpatrick) CITY COUNCIL AGENDA Page 4 of 8 MAY 19, 2026 16. LEAGUE OF CALIFORNIA CITIES: A) ANNUAL CONFERENCE DELEGATE (Evans) B) ENVIRONMENTAL QUALITY POLICY COMMITTEE (McGarrey) C) EXECUTIVE COMMITTEE — RIVERSIDE COUNTY DIVISION (McGarrey) D) PUBLIC SAFETY COMMITTEE (Sanchez) 17. PALM SPRINGS AIR MUSEUM BOARD & EXECUTIVE COMMITTEE (Evans) 18. RIVERSIDE COUNTY: A) AIRPORT LAND USE COMMISSION (Sanchez) B) TRANSPORTATION COMMISSION (Fitzpatrick) C) TRANSPORTATION COMMISSION AUDIT AD HOC COMMITTEE (Fitzpatrick) D) TRANSPORTATION COMMISSION COACHELLA VALLEY SAN GORGONIO PASS AREA CORRIDOR AD HOC COMMITTEE (Fitzpatrick) 19. RIVERSIDE LOCAL AGENCY FORMATION COMMISSION (Sanchez) 20. SOUTHERN CALIFORNIA ASSOCIATION OF GOVERNMENTS (Sanchez) A) REGIONAL COUNCIL (Sanchez) B) JOINT POLICY COMMITTEE (Sanchez) C) TRANSPORTATION COMMITTEE (Sanchez) 21. SUNLINE TRANSIT AGENCY (Pena) 22. VISIT GREATER PALM SPRINGS CONVENTION AND VISITORS BUREAU (Evans) 23. PLANNING COMMISSION MEETING MINUTES DATED MARCH 10, 2026 24. PLANNING COMMISSION MEETING MINUTES DATED APRIL 14, 2026 ADJOURNMENT ********************************* The next regular meeting of the City Council will be held on June 2, 2026, at 4:00 p.m. at the City Hall Council Chamber, 78495 Calle Tampico, La Quinta, CA 92253. DECLARATION OF POSTING I, Monika Radeva, City Clerk of the City of La Quinta, do hereby declare that the foregoing Agenda for the La Quinta City Council 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 14, 2026, which is freely accessible to members of the public. DATED: May 14, 2026 V MONIKA RADEVA, City Clerk City of La Quinta, California CITY COUNCIL AGENDA Page 5 of 8 MAY 19, 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.laguintaca.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 City Council during a City Council meeting, please be advised that 15 copies of all documents, exhibits, etc., must be supplied to the City Clerk for distribution, or must be emailed to CityClerkMail(o)_LaQuintaCA.gov. It is requested that this takes place prior to the beginning of the meeting. PUBLIC COMMENTS - INSTRUCTIONS Members of the public may address the City Council 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 City Clerk, it is requested that this takes place prior to the beginning of the meeting; or can be emailed in advance to CityClerkMail(0)_LaQuintaCA.gov, no later than 12:00 p.m., on the day of the meeting. Written public comments will be distributed to the City Council, 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 Mayor, 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 City Clerk; 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 Mayor. In accordance with City Council Resolution No. 2022-027, 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 City Clerk 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. CITY COUNCIL AGENDA Page 6 of 8 MAY 19, 2026 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 Council. 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 Mayor. Public speakers may elect to use printed presentation materials to aid their comments; 15 copies of such printed materials shall be provided to the City Clerk to be disseminated to the City Council, 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 Mayor. 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.]. CITY COUNCIL AGENDA Page 7 of 8 MAY 19, 2026 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 City Council 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/88215960899 Meeting ID: 882 1596 0899 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 Mayor, and will be queued in consecutive order; the City will facilitate the ability for a member of the public to be audible to the City Council 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 Mayor, in order to become audible to the City Council and the public. *9 � *6 WRITTEN PUBLIC COMMENTS can be provided either in person during the meeting or emailed to the City Clerk's Office at CityClerkMail(a).LaQuintaCA.gov any time prior to the adjournment of the meeting, and will be distributed to the City Council, made public, incorporated into the public record of the meeting, and will not be read during the meeting unless, upon the request of the Mayor, a brief summary of any public comment is asked to be read, to the extent the City Clerk's Office 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. CITY COUNCIL AGENDA Page 8 of 8 MAY 19, 2026 CONSENT CALENDAR ITEM NO. 1 CITY COUNCIL MINUTES SPECIAL MEETING MONDAY, MAY 1, 2026 CALL TO ORDER A special meeting of the La Quinta City Council was called to order at 2:30 p.m. by Mayor Evans. PRESENT: Councilmembers Fitzpatrick, McGarrey, Pena, Sanchez (attending via teleconference), and Mayor Evans ABSENT: None City Manager McMillen said that Councilmember Sanchez will attend this meeting via teleconference in accordance with the just cause provisions under the Ralph M. Brown Act [Government Code section 54953.8.3, subsection (c)(4)] due to travel while on official business of the legislative body, and therefore remote public accessibility and participation is in effect for members of the public via the Zoom Webinar audio-visual platform as detailed at the end of the published agenda for this meeting. PLEDGE OF ALLEGIANCE Mayor Evans led the audience in the Pledge of Allegiance. PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA PUBLIC SPEAKER: Philip Bettencourt, La Quinta — said he sends best wishes to Planning Commission Chair Doug Hassett, hopes for a speedy recovery, and his leadership and counsel are very much missed; and noted that he, his wife, and Councilmember McGarrey attended an in -person Community Budget Workshop for fiscal year 2026/27, held by Riverside County last week, offering residents opportunities to share priorities before the budget is finalized in June. Mayor Evans said Mr. Hassett's procedure went well and he is in recovery; and he appreciates the thoughts and support. CONFIRMATION OF AGENDA — Confirmed CLOSED SESSION 1. CONFERENCE WITH LEGAL COUNSEL — EXISTING LITIGATION; PURSUANT TO PARAGRAPH (1) OF SUBDIVISION (d) OF GOVERNMENT CODE SECTION 54956.9; CITY COUNCIL MINUTES Page 1 of 3 MAY 1, 2026 SPECIAL MEETING CASE NAMES AND NUMBERS — MULTIPLE (listed below, all in U.S. Bankruntcv Court. District of Delaware) CASE NAME: CASE NUMBER SilverRock Development Company, LLC 24-11647 SilverRock Lifestyle Residences, LLC 24-11648 SilverRock Lodging, LLC 24-11650 SilverRock Luxury Residences, LLC 24-11652 SilverRock Phase I, LLC 24-11654 RGC PA 789, LLC 24-11657 2. CONFERENCE WITH LEGAL COUNSEL — EXISTING LITIGATION; PURSUANT TO PARAGRAPH (1) OF SUBDIVISION (d) OF GOVERNMENT CODE SECTION 54956.9; NAME OF CASE: CONSTRUCTION LOAN SERVICES II, LLC V. SILVERROCK DEVELOPMENT COMPANY, ET AL. (U.S. District Court, District of Delaware, CASE NO. 25-1342-CFC) 3. CONFERENCE WITH LEGAL COUNSEL — EXISTING LITIGATION; PURSUANT TO PARAGRAPH (1) OF SUBDIVISION (d) OF GOVERNMENT CODE SECTION 54956.9; NAME OF CASE: CITY OF LA QUINTA V. SILVERROCK DEVELOPMENT COMPANY, ET AL. (Riverside County Superior Court, CASE NO. CVPS2404750) COUNCIL RECESSED THE OPEN SESSION PORTION OF THE MEETING AND MOVED INTO CLOSED SESSION AT 2:37 P.M. COUNCILMEMBER SANCHEZ JOINED THE MEETING AT 2:40 P.M. VIA TELECONFERENCE COUNCILMEMBER SANCHEZ LEFT THE MEETING AT 3.20 P.M. VIA TELECONFERENCE MAYOR EVANS RECONVENED THE OPEN SESSION PORTION OF THE CITY COUNCIL MEETING AT 3.23 P.M. WITH ALL MEMBERS PRESENT REPORT ON ACTION(S) TAKEN IN CLOSED SESSION: City Attorney Ihrke reported the following pursuant to Government Code section 54957.1 (Brown Act): • CLOSED SESSION ITEM NO. 1 — no reportable action; Council's authorization remains in place for the City Attorney, in coordination with the City Attorney's Office and Special Counsel, to defend and protect the interests of the City in the multiple bankruptcy cases filed by SilverRock Development Company LLC and its responsive affiliates as reported out for Closed Session Item No. 2 from the August 6, 2024, Council meeting. CITY COUNCIL MINUTES Page 2 of 3 MAY 1, 2026 SPECIAL MEETING 10 • CLOSED SESSION ITEM NO. 2 — no reportable action. • CLOSED SESSION ITEM NO. 3 — no reportable action. ADJOURNMENT There being no further business, a motion was made and seconded by Councilmembers Fitzpatrick/Sanchez to adjourn at 3:24 p.m. Motion passed: ayes — 4, noes — 0, abstain — 0, absent — 1 (Sanchez). Respectfully submitted, MONIKA RADEVA, City Clerk City of La Quinta, California CITY COUNCIL MINUTES Page 3 of 3 MAY 1, 2026 SPECIAL MEETING 11 12 City of La Quinta CONSENT CALENDAR ITEM NO. 2 CITY COUNCIL MEETING May 19, 2026 STAFF REPORT AGENDA TITLE: APPROVE AMENDMENT NO. 1 TO AGREEMENT FOR CONTRACT SERVICES WITH ACTION PARK ALLIANCE FOR MANAGEMENT AND OPERATIONS OF THE LA QUINTA X-PARK RECOMMENDATION Approve Amendment No. 1 to Agreement for Contract Services with Action Park Alliance for management and seven-day operations year-round of the La Quinta X-Park, extending the term for two additional years, through June 30, 2028, for a total not to exceed amount of $1,112,819; and authorize the City Manager to execute the amendment. XECUTIVE SUMMARY • Since October 2021, the City has partnered with Action Park Alliance (APA) to oversee operations at the La Quinta X Park (Park). • APA has demonstrated success in operating the Park, delivering quality programs and events, maintaining a safe environment, and keeping the facility well maintained. • On May 5, 2026, Council approved amending APA's Agreement for Contract Services to extend the term for two additional years and to expand to seven-day operations year-round, which is reflected in Amendment No. 1 (Attachment 1). FISCAL IMPACT Costs for the expanded Park operations to seven -days per week year-round for the two- year extended term are detailed in the table below. A maximum of 5% or the local Consumer Price Index (CPI) for Riverside, San Bernardino, and Ontario areas, whichever is less is included for fiscal year (FY) 2027/28. Revenue generated by the Park will offset the annual expense of facility operations. Funding will be budgeted in the X-Park Programming Account No. 101-3003-60190. Seven Dav Operations Year -Round FY 2026/27 FY 2027/28 Extended Term Total Initial Term Total Contract Grand Total $542,839 $569,980 $1,112,819 $1,273,817 $2,386,636 13 BACKGROUND/ANALYSIS The La Quinta X-Park is one of the premier action sports facilities in Southern California, featuring a combi bowl, pump track, street course, pro shop, and a variety of programming. In August 2021, the City issued a request for proposals for skatepark management services, and APA was identified as the most qualified operator based on its experience and expertise in action sports programming and facility management. On October 19, 2021, Council approved an initial one-year agreement with APA, and on May 2, 2023, a subsequent agreement for a three-year term ending June 30, 2026. Since assuming operations, APA has maintained a safe, clean, and active facility while delivering programs and events that have increased public use and enhanced the Park's profile as a destination venue. Programming has included skate lessons, skate camps, and best trick contests, in addition to special events such as the WCMX World Championships and Hotwheels Superchargers. APA has also coordinated appearances by professional action sports athletes including Tony Hawk, Eddie Elguera, Steve Caballero, X Games Gold Medalist Leticia Bufoni, and the Red Bull Skate Team. Since opening, the Park's attendance has steadily increased, underscoring its growing popularity with residents and visitors. APA has helped drive this growth by managing the Park's membership program, which averages between 1,500 and 2,100 users each month and has issued more than 2,000 annual memberships to date. Extending the agreement ensures uninterrupted park operations and allows APA to continue delivering high -quality events and programs at the Park, with plans already underway to expand and enhance future offerings. On May 5, 2026, Council considered Amendment No. 1 and approved extending APA's services for two additional years, as well as expanding to seven-day operations year- round. The amendment has been revised per Council's direction above and the expanded hours are reflected in blue font in Exhibit A, which also provides for the ability to adjust hours of operations upon mutual agreement of both parties and executed in writing. ALTERNATIVES As Council approved proposed Amendment No. 1 to the agreement with APA on May 5, 2026, staff does not recommend an alternative. Prepared by: Michael Calderon, Senior Management Analyst Approved by: Christina Calderon, Community Services Deputy Director Attachment: 1. Amendment No. 1 to Agreement for Contract Services with APA 14 ATTACHMENT 1 AMENDMENT NO. 1 TO AGREEMENT FOR CONTRACT SERVICES WITH ACTION PARK ALLIANCE This Amendment No. 1 ("Amendment 1") to Agreement for Contract Services ("Agreement") is made and entered into as of the 19'" day of May, 2026, ("Effective Date") by and between the City of La Quinta ("City"), a California Municipal Corporation and Charter City organized under the Constitution and laws of the State of California with its principal place of business at 78495 Calle Tampico, La Quinta, California 92253, and Action Park Alliance Inc., a California Corporation with its principal place of business at 6824 S. Centinela Avenue, Los Angeles, California 90230 ("Contracting Party"). RECITALS WHEREAS, on or about May 16, 2023, the City and Contracting Party entered into an Agreement to provide X-Park management and operation services, for a total not to exceed amount of $1,273,817. The term of the Agreement expires on June 30, 2026 ("Initial Term"); and WHEREAS, the City and Contracting Party Mutually agree to amend Section 1.1 Scope of Services and related Exhibit A of the Agreement to expand services to 7-day operations year-round; and WHEREAS, the City and Contracting Party mutually agree to amend Section 2.1 Contract Sum and related Exhibit B of the Agreement to increase compensation by $1,112,819 for a total not to exceed amount of $2,386,636; and WHEREAS, pursuant to Section 3.4 Term, the City and Contracting Party mutually agree to extend the term of the Agreement for two additional years, from July 1, 2026, through June 30, 2028 ("Extended Term"). NOW THEREFORE, in consideration of the mutual covenant herein contained, the parties agree as follows: AMENDMENT In consideration of the foregoing Recitals and the covenants and promises hereinafter contained, and for good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties hereto agree as follows: 1. Section 1.1 Scope of Services is amended to read as follows: 1.1 Scope of Services. In Compliance with all terms and conditions of this Agreement, Contracting Party shall provide those services related to X-Park management and operations, as specified in the "Scope of Services" attached hereto as "Exhibit A" and incorporated herein by this reference (the "Services"). Contracting Party represents and warrants that Contracting Party is a provider of first-class work and/or services and Contracting Party is experienced in performing the Services contemplated herein and, in light of such status and experience, Contracting Party covenants that it shall follow industry standards in performing the Services required hereunder, and that all materials, 15 if any, will be of good quality, fit for the purpose intended. For purposes of this Agreement, the phrase "industry standards" shall mean those standards of practice recognized by one or more first-class performing similar services under similar circumstances. 2. "Exhibit A" — Scope of Services is amended as listed in "Exhibit A," attached hereto and incorporated herein by this reference. 3. Section 2.1 Contract Sum is amended to read as follows: 2.1 Contract Sum. For the services rendered pursuant to this Agreement, Contracting Party shall be compensated in accordance with the following revised "Exhibit B" (the "Schedule of Compensation") in a total amount not to exceed of Two Million Three Hundred Eighty -Six Thousand Six Hundred Thirty -Six Dollars ($2,386,636), for the life of the Agreement, encompassing the Initial and any Extended Terms (the "Contract Sum"), except as provided in Section 1.7. The method of compensation set forth in the Schedule of Compensation may include a lump sum payment upon completion, payment in accordance with the percentage of completion of the Services, payment for time and materials based upon Contracting Party's rate schedule, but not exceeding the Contract Sum, or such other reasonable methods as may be specified in the Schedule of Compensation. The Contract Sum shall include the attendance of Contracting Party at all project meetings reasonably deemed necessary by City; Contracting Party shall not be entitled to any additional compensation for attending said meetings. Compensation may include reimbursement for actual and necessary expenditures for reproduction costs, transportation expense, telephone expense, and similar costs and expenses when and if specified in the Schedule of Compensation. Regardless of the method of compensation set forth in the Schedule of Compensation, Contracting Party's overall compensation shall not exceed the Contract Sum, except as provided in Section 1.7 of this Agreement. 4. "Exhibit B" — Schedule of Compensation is amended as listed in "Exhibit B," attached hereto and incorporated herein by this reference. 5. Section 3.4 Term is amended to read as follows: 3.4 Term. Unless earlier terminated in accordance with the provisions in Article 8.0 of this Agreement, the term of this agreement shall commence on July 1, 2023, and terminate on June 30, 2026 ("Initial Term"). This Agreement is being extended for two (2) additional years from July 1, 2026, through June 30, 2028 ("Extended Term"). This Agreement may not be extended any further. In all other respects, the original Agreement shall remain in effect. 16 IN WITNESS WHEREOF, the City and Contracting Party have executed this Amendment No. 1 to the Agreement on the respective dates set forth below. CITY OF LA QUINTA a California municipal corporation JON McMILLEN, City Manager City of La Quinta, California Dated: ATTEST: MONIKA RADEVA, City Clerk City of La Quinta, California APPROVED AS TO FORM: WILLIAM H. IHRKE, City Attorney City of La Quinta, California ACTION PARK ALLIANCE a California Corporation KIRSTEN DERMER, CEO Action Park Alliance Dated: 17 Exhibit A Scope of Services Contracting Party agrees to operate, manage, maintain, and supervise the La Quinta X- Park facilities which includes the skate park, pro shop/concession building, and restrooms (Facilities). * La Quinta X-Park Hours of Operation and Staffing: Seven (7)-Day Operations Year Round • Monday — Friday — 1:00 pm — 2:00 pm — Two (2) staff • Monday— Friday— 2.00 pm — 10.00 pm —Three (3) staff • Saturday— Sunday— 10.00 am — 12.00 pm —Two (2) staff • Saturday— Sunday— 12.00 pm — 10.00 pm —Three (3) staff * The City and Contracting may periodically review additional or alternative hours of operation, and such hours may be adjusted upon mutual written agreement of both parties. Requests to change hours of operation based on weather, school schedules, or other factors must be submitted in writing a minimum of fourteen (14) days in advance and are subject to approval by the City. Observed Holiday Schedule: • The X-Park will be closed on Christmas Day, Thanksgiving, and Easter. Membership and Entry Fees: • Resident daily use fee: $2.00 • Resident annual membership fee: $25.00 • Non-resident daily use fee: $5.00 • Non-resident annual membership fee: $50.00 • Action Park Alliance, Inc. (APA) shall collect and retain 100% of the fees collected from concession sales and pro -shop sales. • Revenue generated from annual membership and day passes is retained by APA and applied towards compensation identified in Exhibit B (Schedule of Compensation) for Park operations. Membership and Entry Fees subject to change at the discretion of the City Manager. W Programming: • Camps: Four 5-day camps per year, maximum 30 participants per session • Lessons & Clinics: Scheduled throughout the year TBD • Special Events: El Gato Classic, WCMX World Championship, etc., TBD • APA shall collect and retain 100% of revenue generated by public special events. Action Park Alliance (APA) Responsibilities Staffing and Security • The X-Park will be staffed with a minimum of two (2) qualified employees over the age of eighteen (18), at all times. • Additional staff members will be on duty for each session or activity where additional participants require it. A minimum of one staff person per 35 participants will be on duty at all times. • CPR Training —All APA employees must be CPR and First -Aid certified. • If there are union or prevailing wage requirements, costs may increase. • APA shall provide adequate security measures (video monitoring, alarm system, etc.), meeting APA's guidelines. Maintenance of Skatepark • APA will conduct daily park inspections; any significant findings, especially those that may present warranty issues, will be promptly reported to the City for further action. • Examples of maintenance that will be performed by APA are minor painting, trash removal, graffiti removal from within the fenced skatepark, and minor concrete patching (if not under warranty). • All structural, major, or warranty work needed will be reported to the City, who will be responsible for completing the repairs or filing warranty claims with the builder. • APA will facilitate and coordinate any necessary warranty filings and procedures. 19 Maintenance of Pro Sh • All exterior maintenance of the pro shop building is the responsibility of the City, including major appliances, such as HVAC and electrical. • APA will maintain the interior of the pro shop building, including all fixtures provided, and will replace, at its cost, anything under $500.00. • If any warranty service is needed for any appliances or parts of the building, APA will coordinate the service with the City and maintain all appropriate documentation. Insurance/Liability • APA will require all participants to sign a liability waiver, releasing the City and APA of liability. These waivers must be signed by parent or legal guardian for anyone under the age of 18, and identification is required. Final wording of the waiver may be modified by the City's attorney/ risk manager. • APA will require safety gear to be worn at all times, in compliance with the laws of the State of California, and will enforce such requirements. • APA will maintain a liability policy naming the City (and all related parties), in the amounts of $1 M per occurrence, $2M aggregate. • APA will maintain an accident and excess medical insurance policy to drastically reduce the likelihood of lawsuits and insurance claims, especially for medical and injury reasons. Garbage Disposal • APA shall collect trash in the bins, and take it to the dumpster. Record -Keeping • APA will keep detailed injury reports, maintenance reports, liability waivers, and incident reports, both electronically and physically. • APA will report all major incidents and injuries to the City of La Quinta. • APA will complete and submit the required annual reporting and documentation to the State of California, to comply with recreational immunity provisions. • Complete financial information including detailed inventory tracking and all accounting. • APA provides quarterly park usage reporting to the City, and annual recap reporting. 20 Taxac • APA will be responsible for the collection and payment of all sales taxes on sales of non-exempt items in the pro shop. • APA will be responsible for paying business personal property tax for its property within the pro shop building, including any fixtures and inventory. Any property taxes or special assessments for the building or the property shall be the responsibility of the City. Concessions Services • APA will maintain a fully -stocked concession operation, including drinks, water, snack foods, etc. Ratail (-,nnric • APA will maintain an inventory of necessary and replacement items, including skateboard decks, wheels, trucks, etc. Sponsorship • APA will work alongside the City of La Quinta to sell sponsorship for the skatepark, within any guidelines or restrictions from the City. Consultation • APA will provide consultation regarding any action sports events or marketing efforts in the city at no additional charge. City of La Quinta Responsibilities Skatepark • La Quinta shall provide a professionally designed and constructed skatepark. • Skatepark shall be in good condition, and meet all American Society for Testing and Materials (ASTM) guidelines. • Skatepark shall have adequate access control (fencing), meeting APA's guidelines. Pro shop building • The X Park pro shop building is approximately 1,400 square feet with working utilities, such as phone, internet, HVAC, electrical etc.; and contains concession operations and restrooms for APA's staff. 21 I Itilitiac rnctc • The City shall be responsible for all ongoing utilities bills. Maintenance • The City will be responsible for major landscape and general site maintenance, including any repairs needed for lighting, fencing, and major concrete repairs. • The City will be responsible for minor landscape and general site maintenance within the fenced area of the skatepark. Garbage disposal TaxPc • The City shall be responsible for supplying a dumpster for APA to dispose of skatepark trash from skatepark participants. • Any property taxes or special assessments for the building or the property shall be the responsibility of the City. Marketing/ Promotion • The City shall include the APA skatepark in its monthly mailers and any other promotional materials it produces. Staffing Fees • The City's annual staffing fee to APA shall be payable quarterly, in advance of the beginning of each quarter. • The first two months' payments will be due upon the signing of the management agreement. 22 Exhibit B Schedule of Compensation With the exception of compensation for Additional Services, provided for in Section 2.3 of this Agreement, the maximum total compensation to be paid to Contracting Party under this Agreement is not to exceed Two Million Three Hundred Eighty -Six Thousand Six Hundred Thirty -Six Dollars ($2,386,636) for the life of the Agreement, including the Initial and any Extended Terms (the "Contract Sum"), specified in detail per fiscal year in the table below, which includes a base amount and a compounded annual increase not to exceed 5% per year for fiscal years 2024/25, 2025/26, and 2026/27 for anticipated cost increases related to staffing, Consumer Price Index (CPI-U), insurance premiums, as well as compensation for unanticipated programming, events, or operation supplies requested by the City, except as provided in Section 1.7. The City may authorize a maximum increase of 5% for fiscal year 2027/28 or an increase based on the Local Consumer Price Index for Riverside, San Bernardino, and Ontario areas, whichever is less. The Contract Sum shall be paid to Contracting Party in installment payments in an amount identified in Contracting Party's schedule of compensation attached hereto for the work tasks performed and properly invoiced by Contracting Party in conformance with Section 2.2 of this Agreement. Quarterly invoices shall include a detailed accounting of revenue generated from annual memberships and day passes, along with documentation showing how such revenue is applied to offset the total cost of park operations. Contract Sum to be paid as follows: Seven -Day Operations Year -Round Fiscal Year Compensation 2023-2024 $ 404,078 2024-2025 $ 424,282 2025-2026 $ 445,457 Initial Term Total: $1,273,817 2026-2027 $ 542,839 2027-2028 $ 569,980 Extended Term Total: $1,112,819 GRAND TOTAL: $2,386,636 23 24 CONSENT CALENDAR ITEM NO. 3 City of La Quinta CITY COUNCIL MEETIN( May 19, 2026 STAFF REPORT AGENDA TITLE: APPROVE AMENDMENT NO. 7 TO AB 2766 MEMORANDUM OF UNDERSTANDING WITH THE COACHELLA VALLEY ASSOCIATION OF GOVERNMENTS TO PROVIDE FUNDING FOR THE REGIONAL PM10 STREET SWEEPING PROGRAM RECOMMENDATION Approve Amendment No. 7 to AB 2766 Memorandum of Understanding with the Coachella Valley Association of Governments to provide funding for the Regional PM10 Street Sweeping Program, through June 30, 2028. EXECUTIVE SUMMARY • Since the early 1990s, the Coachella Valley Association of Governments (CVAG) and its member agencies have cooperated on a Regional PM10 Street Sweeping Program through a Memorandum of Understanding (MOU). The City entered into an MOU with CVAG in 2010 to provide funding for the street sweeping program. • The street sweeping program is currently funded by two main sources: (1) reallocation of a portion of Assembly Bill (AB) 2766 (Stats. 1990, Ch. 1705, § 1) funds dispersed to jurisdictions based on vehicle license plate registration renewals, and (2) Grant funding from the South Coast Air Quality Management District (SCAQMD). • The current MOU between the City, CVAG, and its member jurisdictions is set to expire on June 30, 2026. The proposed Amendment No. 7 (Attachment 1) increases the City's contribution of AB 2766 funds to 100% for the next 2 years, through June 30, 2028. FISCAL The proposed Amendment No. 7 to the MOU was approved by the CVAG Executive Committee on December 1, 2025 (Attachment 2), to increase the City's contribution of AB 2766 funds to 100% for a 2-year period, through June 30, 2028, to cover the cost of additional sweeping of the CV Link and the loss of funding from the Coachella Valley Air Quality Enhancement Fund managed by Riverside County (Colmac Air Quality Enhancement Funds). 25 BACKGROUND/ANALYSIS Since the early 1990s, CVAG and its member agencies have cooperated on the Regional PM10 Street Sweeping Program. The program is the best available control measure to reduce PM10 (particulate matter of less than 10 microns in size) by removing sand and entrained dust from regional streets in the Coachella Valley. The goal of the program is to improve air quality and public health by decreasing fugitive PM10 emissions attributed to construction and entrained roadway dust and sand pulverized by vehicles and then suspended into the air. The City entered into an MOU with CVAG and its member agencies in 2010 to provide funding for the program. The street sweeping program is currently funded by the reallocation of a portion of AB 2766 funds dispersed to individual jurisdictions based on vehicle license plate renewals and grant funding from SCAQMD. The AB 2766 Vehicle Subvention funds dispersed to the City by SCAQMD are generated by a surcharge on annual DMV fees and must be used to reduce air pollution generated by motor vehicles. In previous years when funding from other sources fluctuated, AB 2766 contributions from the City ranged from 33% to 100%. Since June 2020, the jurisdictional contribution level remained at 75%, however, with the ending of the Colmac Air Quality Enhancement Funds agreement in June 2025, due to the closing of the Colmac Energy biomass plant located in Mecca, and the additional sweeping of CV Link, the proposed Amendment No. 7 would increase the City's contribution of AB 2766 funds to 100% for the next two years, through June 30, 2028. The goal is to ensure the program remains fully funded and that service levels are maintained valley -wide through a simplified, collaborative funding structure. CVAG is circulating identical MOU Amendments to all participating member agencies for approval by their respective governing bodies. ALTERNATIVES Council may elect not to approve Amendment No. 7; however, staff does not recommend this alternative as the MOU allows the City to maintain PM10 requirements. Prepared by: Oscar Mojica, Deputy City Clerk Approved by: Monika Radeva, City Clerk Attachments: 1. Amendment 7 to AB 2766 Memorandum of Understanding with CVAG 2. CVAG Staff Report dated December 1, 2025 26 FIN ar_T61:IJi14Z111sil AMENDMENT SEVEN TO AB 2766 MEMORANDUM OF UNDERSTANDING (MOU) BETWEEN COACHELLA VALLEY ASSOCIATION OF GOVERNMENTS AND CVAG MEMBER JURISDICTIONS JULY 1, 2026 The AB 2766 Memorandum of Understanding (MOU) is made and entered into by and between the Coachella Valley Association of Governments (CVAG) and the CVAG member jurisdictions. The parties acknowledge that this Amendment shall be for the period starting July 1, 2026, and shall bind the parties hereunder for the entire term of the two-year amendment; through June 30, 2028. The AB 2766 MOU is hereby amended through this Amendment Seven as follows: 1) At their December 1, 2025, meeting, the Executive Committee approved to increase CVAG's AB 2766 formula at 100% to provide sustainable funding of the Regional PM 10 Street Sweeping Program and related activities starting July 1, 2026, through June 30, 2028; 2) All other terms and conditions shall remain the same. COACHELLA VALLEY ASSOCIATION OF GOVERNMENTS By: Title Date: V. Manuel Perez, CVAG Chair CITY OF LA QUINTA By: Title Date: Linda Evans, Mayor 27 ATTACHMENT 2 ITEM 13J Coachella Valley Association of Governments �l _. . Executive Committee ! •� December 1, 2025 CVAG STAFF REPORT Subject: Contract Amendment for the Regional PM10 Street Sweeping Program Contact: Julie Mignogna, Transportation Program Manager (jmignogna(a�cvaq.orq) Recommendation: Authorize the Executive Director to: 1. Execute Amendment No. 1 to the services contract with Sweeping Corporation of America for regional street sweeping services, adding an additional $279,311 a year and extending through December 31, 2027; 2. Take the necessary steps to secure additional funding for the program, including funding from South Coast Air Quality Management District and the County of Riverside 3. Execute Amendment No. 7 to the AB 2766 Vehicle Registration Revenue Memorandum of Understanding with each jurisdiction, increasing the funding contribution from 75 to 100 percent and extending the term through June 30, 2028 Transportation Committee: Concurred (Meeting of November 3) Energy & Sustainability Committee: Concurred (Meeting of November13) Background: The Regional PM10 Street Sweeping program is an air quality program focused on addressing PM10 (particulate matter less than 10 microns in size) by removing sand and entrained dust from regional streets in the Coachella Valley. Because the Coachella Valley is in non -attainment for PM10, the program is part of the Coachella Valley's State Implementation Plan (SIP) and is a best available control measure. The goal of the program is to improve air quality and public health by decreasing fugitive PM10 emissions attributed to entrained roadway dust and sand that can pulverized by vehicles and then suspended into the air. In 2022, CVAG conducted a study of the regional street sweeping program as part of a South Coast Air Quality Management District (SCAQMD) grant agreement. The study was conducted to identify additional ways to make the program more impactful for the Coachella Valley. The study found the program to be effective in addressing PM10 emissions, and it provided several recommendations. These recommendations were included in the regional street sweeping contract that the Executive Committee authorized on December 25, 2022 with CleanStreet, now Sweeping Corporation of America (SCA). The contract was authorized to be three years in duration ending on December 31, 2025, with the option to renew for up to two additional years. Under the contract, SCA is responsible for sweeping on a bi-weekly basis 1,050 curb miles of regional arterials in the Coachella Valley. Of those, 977 miles are regular streets and 73 miles are special impact streets. Special impact streets, like Dinah Shore Drive, may be swept more often based on need, particularly during the Coachella Valley's windy season from February through May. The existing contract also included a provision for sweeping the CV Link once construction is completed, although the budget for that work was not included in the 2022 contract because CV Link was still under construction. The chart below shows the annual linear curb miles to be swept for each type as part of the proposed amendment. Item Description Unit Estimated Annual Quantity Regular Street Sweeping Linear Curb Miles 23,878 Special Impact Streets Linear Curb Miles 1,898 Palm Springs Hwy 111 Linear Curb Miles 1,524 CV Link Linear Miles 1,600 CVAG staff have worked with member jurisdictions' staff and SCA to focus on the program and enhance its performance over the past 15 months. As a result, member agencies are more engaged and have access to sweeping performance data. SCA has responded by increasing the service levels, particularly following Tropical Storm Hilary in 2023 and the ensuing months of increased blowsand and fugitive dust experienced by the Coachella Valley. This focus has increased monthly sweeping costs due to special impact roadways throughout the valley being swept more frequently in response to the additional blowsand and fugitive dust. Approximately $130,530 of the proposed cost increase can be attributed to service level increases. To continue with this level of service, CVAG staff, based on feedback from the public works staff at the municipal agencies, is recommending Amendment No. 1 to the SCA contract. The amendment will extend the contract term to December 31, 2027 and increase the annual contract amount to continue the more frequent sweeping of special impact streets. The recommended amendment also adds additional budget to account for a five percent increase of fuel and waste disposal process costs and to incorporate the cost of sweeping the CV Link bi-weekly. The five percent increase accounts for approximately $66,380 of the recommended contract increase. The recommended authorization would also authorize the Executive Director and/or Legal Counsel to make clarifying changes prior to execution. Fiscal Analysis: The proposed SCA contract Amendment No. 1 will add $279,311 a year, increasing the total annual cost of the program from $763,573.96 to $1,042,884.96. The total not to exceed contract amount will increase to $4,655,802.80. There are sufficient accumulated AB 2766 funds available for the additional program costs for Fiscal Year 2025-26. The estimated $82,400 annual cost for the CV Link sweeping services will be funded by regional transportation funds. In addition to recommending an amendment to the SCA contract, CVAG staff is recommending two authorizations related to the program's funding. CVAG and municipal staff are also reviewing alternatives to maintain the regional street sweeping program at the current service levels in the future. The primary source of funding for the regional street sweeping program comes from AB 2766 Vehicle Subvention funds the member agencies receive each year. Member agencies direct 75 percent of their AB 2766 funds to the regional street sweeping program, which amounts to approximately $450,000 per year. Additional funding sources for the program include a SCAQMD grant that funds $220,000 per year through June 2026, and $27,000 per year from the City of Palm Springs for sweeping 27 curb miles of Highway 111 in the city. 29 The street sweeping program had included in prior years funding from the Colmac Air Quality Enhancement Funds through the County of Riverside at $150,000 per year. The Colmac funding agreement ended in June 2025 due to the closing of the Coman Energy biomass plant located in Mecca; however, some funding remains available for the program. CVAG staff is currently coordinating with SCAQMD and the County of Riverside to secure continued SCAQMD and Colmac funding. Should a funding source be secured, staff is requesting authorization for the Executive Director to enter into any necessary agreements with SCAQMD, the County of Riverside or another project partner. CVAG staff is also recommending that the Executive Director be authorized to enter into amendments to the MOUs with local jurisdictions. CVAG is also coordinating with the cities quarterly as part of the Regional Street Sweeping Program Ad Hoc Committee. Over the years, the AB 2766 funding contribution from the jurisdictions has varied based on the regional street sweeping program's funding needs. The contribution percentage has ranged from 60 to 100%. Due to the end of Colmac funding and SCAQMD grant term expiring in June 2026, an adjustment to the jurisdiction's AB2766 contribution is needed. With this authorization, CVAG staff will coordinate with member agency staff to amend the existing AB 2766 MOUs to allocate 100 percent of each jurisdiction's AB 2766 contribution to the regional street sweeping program. The goal is to ensure the program remains fully funded and that service levels are maintained valleywide through a simplified, collaborative funding structure. Staff recommends that the term of the MOUs also be extended for two additional years, through June 30, 2028, with the increase in AB2766 funding contributions becoming effective on July 1, 2026. Additional Funding Information Since Policy Committees' Review In the weeks since this item was presented to the Transportation Committee and the Energy & Sustainability Committee, staff has received positive funding news. SCAQMD is recommending a one-year extension of the existing grant funding for the Regional PM10 Street Sweeping Program, providing an additional $220,000 through June 30, 2027. While this supplemental funding will help mitigate the current program funding shortfall and extend the remaining AB 2766 fund balance through Fiscal Year 2026-27, it will not fully address the program's long-term structural deficit. Beginning in Fiscal Year 2027-28, the program is projected to operate at a deficit without additional revenue. Therefore, staff continues to recommend increasing the AB 2766 contribution from 75 percent to 100 percent to maintain service levels and ensure the program's financial stability. Should additional funding for the regional street sweeping program be secured, CVAG staff would reassess the need for this increased contribution from local jurisdictions. Attachment- 1. Amendment No. 1 to Services Agreement with Sweeping Corporation of America (SCA) 30 CONSENT CALENDAR ITEM NO. 4 PULLED FROM CONSENT CALENDAR AND CONSIDERED AS BUSINESS SESSION ITEM NO. 1 City of La Quinta CITY COUNCIL MEETIN( May 19, 2026 STAFF REPORT AGENDA TITLE: APPROVE COMMUNITY CARD CUSTOMER AGREEMENT WITH YIFTEE, INC FOR ECONOMIC DEVELOPMENT SUBSIDY FOR SMALL BUSINESSES IN LA QUINTA FOR FISCAL YEAR 2026/27 RECOMMENDATION Approve Community Card Customer Agreement with Yiftee, Inc. for economic development subsidy for small businesses in La Quinta for fiscal year 2026/27; and authorize the City Manager to execute the agreement. EXEVu I ivt aUMMARY • Yiftee, Inc. is a data -driven platform that specializes in community gift cards that can be spent anywhere in the City with participating retail and restaurant merchants. • Yiftee acts as a digital "buy local" engine where every dollar is guaranteed to be spent at a local brick and mortar establishment. • The City will create a $10,000 Shop Local matching funds campaign around summer months to foster community engagement and generate local sales tax revenue for small businesses. FISCAL IMPAC-i If approved, $10,000 will be allocated in fiscal year (FY) 2026/27 budget, in the Economic Development Marketing & Tourism Promotions account 247-0000-60461, to match participating dollars up to $50 per transaction and not to exceed $10,000 per FY. BACKGROUND/ANALYSIS City staff worked with La Quinta small businesses to find additional resources to assist with a Shop Local campaign. Yiftee, Inc. has created a service that allows merchants to participate with minimal labor while delivering large results. The digital gift card works on the existing Mastercard network and does not require additional training, extra hardware, and very little onboarding time. The City's financial commitment to the program is an economic development incentive through "fund matching" up to $50 per transaction and per participant, with a total not to 31 exceed $10,000 for the initial campaign in FY 2026/27. Every dollar the City invests in Yiftee, Inc. is locked in the local economy and only valid in La Quinta. Data shows that customers using a gift card often spend 20 — 50% more than the value of the card itself. Under the proposed Shop Local e-gift card program, every matching bonus dollar contributed by the City can only be redeemed at participating La Quinta brick and mortar businesses that generate local sales tax revenue. As a result, the City's matching funds are reinvested directly into the local economy rather than spent in other jurisdictions or through online retailers. By leveraging each City dollar into additional in-store spending, the program supports local businesses, jobs, and community services while helping strengthen the City's sales tax base. The City will determine an expiration date for the matching contribution, which can range from a month to a year. Upon expiration, any unspent premium funds will be refunded to the City's account, minus 10% of the face value of each premium card that still has a balance. For example, if the City pledges $10,000 for the Shop Local campaign during the summer months (May — September) and only $5,000 of it is spent within the allocated period, the City will receive the remaining $5,000 back, minus 10% of the face value of any outstanding cards. The unused funds are refunded into the City's account and can either be applied towards a future City campaign or refunded back to the City. Yiftee, Inc. has partnered with the Cities of Palm Springs, Rancho Mirage, and Palm Desert for the same services, and has successfully launched this program in multiple cities, including Sacramento, Murrieta, Berkeley, etc. ALTERNATIVES Council may choose not to approve the proposed agreement. Prepared by: Marcie Graham, Marketing Manager Approved by: Jon McMillen, City Manager Attachment: 1. Community Card Customer Agreement with Yiftee, Inc. 32 ATTACHMENT 1 Yiftee Community Card Customer Agreement THIS AGREEMENT (the "Agreement") is made effective as of __1 2026 (the "Effective Date") by and between Yiftee Inc., a Delaware corporation, with an address at 325 Sharon Park Drive #215, Menlo Park, CA 94025 ("Yiftee") and 1. Definitions. with an address at ("Customer"). The parties agree a follows: 1.1 "Merchant" means a merchant, prospect or other contact that may be using or desire to use Yiftee Services to redeem eGifts. 1.2 "Participant" means a Merchant who has opted to participate in a Community Card by running an Activation Card and agreeing to the Community Card Merchant Agreement. 1.3 "Yiftee Services" means Yiftee's gift -giving platform. It is the technology foundation for Community Cards. 1.4 "Purchaser" means a person or entity that purchases or redeems eGifts. 1.5 "eGift" means a digital virtual gift voucher used as payment for goods or services at a Participant. 1.6 "Offer" or "Offers" mean specific benefits that Participants provide to consumers who use their Community Cards in their store, as determined by the Participants and posted on their eGift Card web page. 1.7 "Chargeback" means a purchase that has been disputed by the person who owns the credit card used to purchase an eGift. Chargebacks cause the amount of the purchase to be refunded to the cardholder out of Yiftee's bank account and often also include an associated fee. 2. Merchant Enrollment. 2.1 Merchant Enrollment Obligations (a) Customer will collect a set of Merchants who have elected to participate in the Yiftee Services. Merchants must all be located in the same state in the USA, due to varying gift card laws by state. Each Merchant must agree to the Yiftee Community Card Merchant Agreement located on the Yiftee.com website. Merchants who have not agreed to the Community Card Merchant Agreement will not be able to utilize the Yiftee Services to redeem eGifts. Customer will upload into the Yiftee Services or provide the names of the Merchants who intend to participate to Yiftee. Upon the agreed upon launch date, the billing for the Yiftee Services will begin ("Commencement Date"). This billing will include the agreed - upon cost for each Participant or group thereof as defined in Appendix A. (b) Yiftee will provide to Customer or directly to Merchants, upon receipt of the set of Merchant names in 2.1a, a set of unique Activation Cards to be run by each Merchant. Customer will inform Merchants of their individual Activation Card and provide instructions on its use. Additionally, Customer will inform Merchants that running the Activation Card implies consent to the Community Card Merchant Agreement located on the Yiftee.com website. Yiftee Community Card Customer Agreement, Revised 2025-10-30 33 (c) As Merchants run the Activation Cards, they will be included in the set of Merchants enabled to participate in the Yiftee Services, i.e. the Participants. Participant may also post their Offers to be available for eGift Card holders who redeem gifts in their stores. (d) Yiftee will bill Customer or Merchants as described in Appendix A. Customer can add or remove Participants and fees will be adjusted accordingly, if applicable. There will be no retroactive adjustments allowed by Yiftee (that is, a cancelled Participant's billing obligation will result in that Participant's cost to Customer, as defined in Appendix A, to be eliminated beginning only on the next annual billing cycle). A Participant may be added to the list of Participants at any time ("Enrollment Time"), with billing adjustment for said Participant to begin immediately and to be included in the current month's billing. (e) Each party shall comply with good, ethical and moral business practices and all applicable laws and regulations in engaging in any activities here under. (f) Fees and payment terms applicable to the subject matter here under shall be as set forth in Appendix A. Customer is not entitled to compensation other than what is described in Appendix A. (g) Customer is responsible and liable for any disputes or liability arising out of its relationships with Merchants and Participants, except with respect to any liability of Yiftee under this agreement. 2.2 Yiftee Materials. Yiftee may provide Customer with certain materials for use in conjunction with promoting the Yiftee Services here under ("Yiftee Materials"). No rights or licenses, express or implied, are granted in those Yiftee Materials or otherwise, except as expressly and unambiguously set forth in this Agreement. 2.3 Limited Licenses. Subject to the terms and conditions of this Agreement, Yiftee hereby grants to Customer, a non- exclusive, non -transferable, non -assignable, non-sublicensable right and license to access and use the Yiftee Services and Yiftee Materials solely for the purposes of Customer's performance of this Agreement. 2.4 Trademark License. Subject to the terms and conditions of this Agreement, Yiftee hereby grants Customer and Customer hereby grants Yiftee a non-exclusive, non -transferable, non -assignable, non-sublicensable, royalty -free license to use Yiftee's or Customer's name, trade names, trademarks, service marks, and logos (collectively, a party's "Marks") solely in connection with Customer's and Yiftee's promotion and marketing of the Yiftee Services, subject to written usage guidelines, if any, made mutually available. 3. Chargebacks. When purchasing eGifts using Purchasers' credit cards or other forms of payment using the Yiftee "Order Desk" functionality, or any purchase using Customer's Community Card account with a third party credit card that is not Customer's, Customer is responsible for verifying that the Purchaser owns the payment instrument and has authority to use it for said purchase. Should Yiftee receive a Chargeback, Yiftee will attempt to cancel any outstanding value on the eGift purchased and Customer will be liable for any remaining balance and fees incurred by Yiftee. Customer is not liable for Chargebacks for gifts purchased through the normal Yiftee eGift process where Customer is not party to the gift purchase. Yiftee Community Card Customer Agreement, Revised 2025-10-30 34 4. Ownership. As between the parties, Yiftee owns all right, title and interest in and to the Yiftee Services, Yiftee's Marks and the Yiftee Materials. Customer owns all right, title and interest in and to Customer's Marks. 5. Warranties Disclaimer. YIFTEE AND ITS LICENSORS MAKE NO WARRANTIES TO CUSTOMER, EXPRESS OR IMPLIED, AND SPECIFICALLY DISCLAIM ALL IMPLIED WARRANTIES OF MERCHANTABILITY, NONINFRINGEMENT, AND FITNESS FOR A PARTICULAR PURPOSE, AND ALL WARRANTIES ARISING OUT OF USAGE OR TRADE, COURSE OF DEALING AND COURSE OF PERFORMANCE. 6. Liability Limitation. EXCEPT FOR LIABILITY ARISING UNDER SECTION 8, NEITHER PARTY (NOR ITS LICENSORS) WILL BE LIABLE OR OBLIGATED WITH RESPECT TO ANY SUBJECT MATTER OF THIS AGREEMENT OR UNDER ANY CONTRACT, TORT, STRICT LIABILITY OR OTHER LEGAL OR EQUITABLE THEORY, WHETHER OR NOT ADVISED OF THE POSSIBILITY OF SUCH DAMAGES WHATSOEVER, FOR ANY SPECIAL, INDIRECT, INCIDENTAL, EXEMPLARY, PUNITIVE, RELIANCE OR CONSEQUENTIAL DAMAGES, INCLUDING LOSS OF PROFITS, REVENUE, DATA OR USE AND IN NO EVENT SHALL EITHER PARTY'S LIABILITY EXCEED THE GREATER OF $500 OR THE AMOUNTS PAID AND/OR PAYABLE BY YIFTEE TO CUSTOMER (AND/OR BY CUSTOMER TO YIFTEE, IF PAYMENTS ARE PAYABLE BY CUSTOMER TO YIFTEE IN ACCORDANCE WITH PROPOSAL) HEREUNDER IN THE TWELVE (12) MONTH PERIOD PRECEDING THE APPLICABLE CLAIM. 7. Term and Termination. 7.1 Term. This Agreement shall be effective as of the Effective Date and shall continue in full force on an annual period from the Effective Date, and thereafter shall automatically renew annually, unless and until either party terminates this Agreement pursuant to Section 7.2. 7.2 Termination. (a) Either party may, at its option, terminate this Agreement upon thirty (30) days written notice to the other party for any reason or for no reason whatsoever. (b) Either party may terminate this Agreement if the other party materially breaches a term of this Agreement and fails to cure such breach within fifteen (15) days after receipt of written notice of such breach from the non -breaching party. (c) Participants are obligated to honor all outstanding eGifts issued by Yiftee for the entire duration of those eGift's validity periods. Termination does not relieve Participants from honoring conditions outlined in the Community Card Merchant Agreement. 7.3 Effect of Termination. Upon any termination: (a) Yiftee retains the right to either identify an alternate manager or assume management of Yiftee Services effective immediately upon Customer termination. Yiftee agrees to modify the branding of the Community Card program, removing all references to Customer where possible and redirecting all inquiries to new management or Yiftee as appropriate. Yiftee agrees to proactively notify participating merchants of the change in program management with current contact information. If a new program manager is identified they will be required to execute a Community Card Agreement, (b) Customer shall immediately cease all promotion of the Yiftee Services and shall immediately return to Yiftee, or at the option of Yiftee, destroy, all Confidential Information (as defined below) of Yiftee disclosed to Customer, Yiftee Materials, and any Yiftee Services, hardware and software provided to Customer here under, (c) Yiftee shall immediately return to Customer, or at the option of Customer, destroy, all Confidential Information of Customer disclosed to Yiftee here under, and (d) all licenses granted under this Agreement shall immediately Yiftee Community Card Customer Agreement, Revised 2025-10-30 35 cease. The following Sections shall survive termination and remain in effect 11 4, 5, 6, 7.3, 8, 9 and 10. Any termination of this Agreement shall be without prejudice to any other rights or remedies available under this Agreement or at law. 8. Confidentiality. Because of this Agreement, the parties may have access to information that is confidential to the disclosing party ("Confidential Information"). Confidential Information shall include, without limitation, Purchaser lists and information relating to the parties' products and pricing and all information designated as confidential by the disclosing party at the time of disclosure. A party's Confidential Information shall not include any information which (i) becomes generally publicly available through no wrongful act or omission of the receiving party; (ii) is lawfully acquired by the receiving party from a third party without any breach of a confidentiality obligation; or (iii) is independently developed without use of or reference to the disclosing party's Confidential Information. Each party agrees to maintain the confidentiality of the other party's Confidential Information using the same degree of care that it uses with regard to its confidential information of like nature, but in no event less than reasonable care, and to protect as a trade secret any portion of the other party's Confidential Information by preventing any unauthorized copying, use, distribution, installation or transfer of possession of such information. If required by law, the receiving party may disclose Confidential Information of the disclosing party, but will give adequate prior notice of such disclosure to the disclosing party to permit the disclosing party to intervene and to request protective orders or other confidential treatment therefore. The parties acknowledge that money damages will not be an adequate remedy if this Section 8 is breached and, therefore, either party may, in addition to any other legal or equitable remedies, seek an injunction or other equitable relief against such breach or threatened breach without the necessity of posting any bond or surety. 9. Non -solicitation During the term of this Agreement, neither party will (on behalf of itself or any other person or entity) solicit any Purchaser or Merchant of the other party to restrict, limit, or terminate such Purchaser's or Merchant's participation in the other party's products and services. 10. Miscellaneous 10.1 Class Action Waiver. Any proceedings to resolve or litigate any dispute in any forum will be conducted solely on an individual basis. Neither Customer nor Yiftee will seek to have any dispute heard as a class action, private attorney general action, or in any other proceeding in which either party acts or proposes to act in a representative capacity. No arbitration or proceeding will be combined with another without the prior written consent of all parties to all affected arbitrations or proceedings. 10.2 Choice of Law, Arbitration and Venue. This Agreement shall be construed and enforced exclusively pursuant to the laws of the State where Customer is domiciled, applicable to contracts to be performed wholly within the State. The parties agree that any dispute arising from or relating to the subject matter of this Agreement shall be finally settled by arbitration in Santa Clara County, California, using the English language in accordance with the Streamlined Arbitration Rules and Procedures of Judicial Arbitration and Mediation Services, Inc. ("JAMS") 15 then in effect, by one commercial arbitrator with substantial experience in resolving intellectual property and commercial contract disputes, who shall be selected from the appropriate list of JAMS arbitrators in accordance with the Streamlined Arbitration Rules and Procedures of JAMS. Judgment upon the award so rendered may be entered in a court having jurisdiction, or application may be made to such court for judicial acceptance of any award and an order of enforcement, as the case may be. Notwithstanding the foregoing, each party shall have the right to Yiftee Community Card Customer Agreement, Revised 2025-10-30 36 institute an action in a court of proper jurisdiction for injunctive or other equitable relief pending a final decision by the arbitrator. For all purposes of this Agreement, the parties consent to exclusive jurisdiction and venue in the United States Federal Courts located in the Northern District of California. You understand and agree that Customer and Yiftee are waiving the right to a jury trial or trial before a judge in a public court. 10.3 Notices. Any notice or other communication required or permitted in this Agreement shall be in writing and shall be deemed to have been duly given on the day of service if served personally or by facsimile transmission with confirmation, or three (3) days after mailing if mailed by First Class mail, registered or certified, postage prepaid, and addressed to the respective parties at the addresses set forth above, or at such other addresses as may be specified by either party pursuant to the terms and provisions of this section. 10.4 Assignment. Customer may not assign or otherwise transfer, without the prior written consent of Yiftee, its rights, duties or obligations under this Agreement to any person or entity, in whole or in part. Yiftee may freely assign or otherwise transfer this Agreement in connection with the sale of all or substantially all of its business or assets. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. 10.5 Severability. Any provision of this Agreement that is determined to be unenforceable or unlawful shall not affect the remainder of the Agreement and shall be severable therefrom, and the unenforceable or unlawful provision shall be limited or eliminated to the minimum extent necessary to that this Agreement shall otherwise remain in full force and effect and enforceable. 10.6 The failure of either party to exercise, in any respect, any right provided for herein shall not be deemed a waiver of any further rights hereunder. Yiftee shall not be liable for any failure to perform its obligations hereunder where such failure results from any cause beyond Yiftee's reasonable control, including, without limitation, necessary scheduled or unscheduled maintenance, mechanical, electronic or communications failure or degradation (including "line noise" interference). If any provision of this Agreement is found to be unenforceable or invalid, that provision shall be limited or eliminated to the minimum extent necessary so that this Agreement shall otherwise remain in full force and effect and enforceable. This Agreement is not assignable, transferable or sublicensable by Participant except with Yiftee's prior written consent. Yiftee may transfer, assign or delegate this Agreement and its rights and obligations without consent. 10.7 Entire Agreement. This Agreement constitutes the entire agreement between the parties and supersedes any and all prior agreements between them, whether written or oral, with respect to the subject matter hereof, and may not be amended, modified or provision hereof waived, except in a writing signed by the parties hereto. No waiver by either party, whether express or implied, of any provision of this Agreement, or of any breach thereof, shall constitute a continuing waiver of such provision or a breach or waiver of any other provision of this Agreement. Yiftee Community Card Customer Agreement, Revised 2025-10-30 37 IN WITNESS WHEREOF, the parties have executed this Agreement as of the Effective Date. Customer's organization (Print): YIFTEE, INC. Authorized signature: Authorized signature: Name, Title: Name, Title: Tyson Senevoravong, Account Executive Community Card Customer Agreement APPENDIX A - Pricing Customer and Participants are not required to pay Yiftee a subscription fee or a revenue share. Purchasers pay the face value of the card plus a $1+5% of the eGift Card value eDelivery fee at the time of purchase. Bulk purchases of one thousand dollars ($1000) or more, and enterprise accounts may, at Yiftee's sole discretion, qualify for a reduced eDelivery fee by depositing funds into their Yiftee eGifting accounts by check or ACH and disabling credit cards. The ability for Customer or a sponsor to pay the eDelivery fee is available. Participants receive full value of redemptions less credit card processing fees upon redemption. Yiftee does not control these fees; they are set by the Merchant Acquirer who is their credit card processor. Where permitted by law, Yiftee will implement a monthly maintenance fee on purchased eGift Cards that have been inactive (i.e. no spending on the Card) for periods of greater than 12 consecutive months or longer if required by law. Yiftee eGift Cards other than Bonus Gifts paid for by a sponsor ("BOGO Gifts") do not generally expire. Subject to applicable laws, Yiftee may offer two options to qualifying corporate or other organizational buyers (not available for individual consumer purchase), only where the recipient has not given any money or other thing of value in exchange for the eGift and when the eGift Cards are distributed to a consumer pursuant to an awards, loyalty, incentive, or promotional program. Qualifying organizations may choose these options depending on their use of the eGift Card program. "Reward Cards" or "Patron Cards" are offered at face value, waving standard eDelivery fees. They expire in one year and no refund of unused amounts will be given. "Event Cards" have a short expiration period, require that the purchaser pay eDelivery fees, and the Purchaser may receive a rebate of the unspent balance less a restocking fee to Yiftee of 25% of the original eGift Card value not to exceed the remaining unspent funds. eDelivery fees are not refunded. Expiring eGift Cards do not incur maintenance fees. Yiftee is permitted to contract with any entity to provide different pricing structures than the above for gifts given as promotions, rewards or awards. "BOGO Gifts" or "Bonus Gifts" are promotional gifts that are awarded to qualifying Purchasers participating in a "Buy One Get One" program. The Bonus Gifts and their associated eDelivery fees are generally funded by Customer or a third party sponsor and have an expiration date and terms that are determined by Customer. Upon expiration, Customer may receive a rebate of the unspent balance less a restocking fee to Yiftee of 25% of the original eGift Card value not to exceed the remaining unspent funds. eDelivery fees are not refunded. Additional terms apply. Yiftee Community Card Customer Agreement, Revised 2025-10-30 38 Participants may choose, at their discretion, to post Offers to encourage Purchasers to use their Community Cards in their stores. Participants may choose, at their discretion, to offer rebates as fund raisers to local groups such as schools, churches and other non -profits. Such programs are an incentive for the local groups to sell Community Cards to their members, and for the Purchasers to use them in specific stores who are offering rebates. Yiftee will work with the Participants and Purchasers to execute such programs. No tipping is allowed on Yiftee eGift Cards. The maximum and minimum prices of gifts are determined by Yiftee in its sole discretion. Yiftee Community Card Customer Agreement, Revised 2025-10-30 39 40 CONSENT CALENDAR ITEM NO. 5 City of La Quinta CITY COUNCIL MEETING May 19, 2026 STAFF REPORT AGENDA TITLE: APPROVE PLANS, SPECIFICATIONS, ENGINEER'S ESTIMATE, AND ADVERTISE FOR BID THE CITYWIDE MISCELLANEOUS CONCRETE IMPROVEMENTS PROJECT NO. 2024-06 RECOMMENDATION Approve plans, specifications, and engineer's estimate, and authorize staff to bid the Citywide Miscellaneous Concrete Improvements Project No. 2024-06. EXECUTIVE SUMMARY • The Citywide Miscellaneous Concrete Improvements project (Project) is located at three general locations (Attachment 1): ✓ Reconstruct curb ramps, sidewalk, and driveways south of Calle Sinaloa and Eisenhower Drive intersection. ✓ Reconstruct curb ramp southwest of Calle Sinaloa and Avenida Villa intersection. ✓ Install an under sidewalk drainpipe and adjust the flow pattern in the parkway bio-retention southeast of Calle Sinaloa and Avenida Navarro intersection. • These improvements will mitigate drainage issues and will bring existing facilities into compliance with current Americans with Disabilities Act (ADA) standards and City design criteria. FISCAL IMPACT Fiscal Year (FY) 2024/2025 Capital Improvement Program (CIP) allocated $1,000,000 of General Funds to this Project. The following is the overall Project budget: Overall Budget Phase 1 Design/Professional: $ 132,500 $ 35,000 Construction: $ 700,000 $ 160,000 Inspection/Testing/Survey: $ 67,500 $ 20,000 Contingency: $ 100,000 $ 20,000 Total Budget: $ 1,000,000 $ 235,000 41 BACKGROUND/ANALYSIS The City implements ongoing citywide concrete improvement projects as part of its CIP to address aging infrastructure, ADA compliance, and localized safety needs within the public right-of-way. Through routine inspections and field evaluations, staff has identified areas where existing facilities no longer meet current standards or have deteriorated due to age, weathering, and regular use. These deficiencies can create challenges for pedestrian mobility and may increase long-term maintenance needs if not addressed in a timely manner. Low spots in concrete surfaces have been identified which is causing water ponding during rain events. The bio-retention parkway southeast of Calle Sinaloa and Avenida Navarro has a curb opening to allow water to flow into the bio-retention system. During the Complete Streets Project construction, an under sidewalk drainpipe that connects two bio-retention areas separated by the bike ramp was not installed per plan causing water to back up and pond in the gutter adjacent to the curb opening This Project is part of the City's broader effort to systematically maintain and upgrade pedestrian infrastructure, with an emphasis on improving accessibility in accordance with current ADA requirements. Addressing these needs proactively allows the City to improve overall pedestrian use and ensure consistency with adopted design standards. This is the first phase of the broader Citywide Miscellaneous Concrete Improvements Project. Contingent upon approval to advertise the Project for bid on May 19, 2026, the following is estimated to be the project schedule: Council Bid Authorization Bid Period Council Considers Project Award Execute Contract and Mobilize Construction (20 Working Days) Accept Improvements ALTERNATIVES May 19, 2026 May 20, 2026 to June 18, 2026 July 7, 2026 July 8 to July 22, 2026 August 2026 September 2026 Staff does not recommend an alternative. Prepared by: Ubaldo Ayon, Assistant Construction Manager Approved by: Bryan McKinney, Public Works Director/ City Engineer Attachment: 1. Vicinity Map 42 Attachment 1 -Vicinity Map Citywide Miscellaneous Concrete Improvements Fred Warsnya di /y O Inc�.ln Wells I j — Inds o A ,*,howv Or 4e »q S s e Aw On" 50 ° Project Location Ls Quints ,& i I E i I ; o 1 � „,, `IMPORTANT` Maps and data are to be used for reference purposes only. Map features are approximate, and are not RC)rT necessarily accurate to surveying or engineering standards. The County of Riverside makes no warranty or guarantee _as to the content (the source is often third party), accuracy, timeliness, or completeness of any of the data provided, and assumes no legal responsibility for the information contained on this map. Any use of this product with respect to accuracy and precision shall be the sole responsibility of the user. 0 6 12,037 Feet REPORT PRINTED ON...5/11/2026 11:57:27 AM © Riverside County GIS Legend L.J City Boundaries Blueline Streams World_Street_Map Notes 44 City of La Quinta CONSENT CALENDAR ITEM NO. 6 CITY COUNCIL MEETING May 19, 2026 STAFF REPORT AGENDA TITL' AUTHORIZE THE PUBLIC WORKS DEPARTMENT TO UTILIZE RED TERRA NURSERY TO PURCHASE UP TO $70,000 OF PLANT MATERIAL IN FISCAL YEAR 2025/26 RECOMMENDATION Authorize the Public Works Department to utilize Red Terra Nursery to purchase up to $70,000 of plant material in fiscal year 2025/26. EXECUTIVE SUMMARY • Per the City's Purchasing and Contracting Policy (Policy), amounts paid to vendors/contractors over $50,000 must be approved by Council. • Staff requests authorization to utilize Red Terra Nursery (Red Terra) to purchase up to $70,000 of plant material in fiscal year (FY) 2025/26. FISCAL IMPACT The $70,000 would be charged in increments, as needed, to the appropriate account(s) should Council approve the request. Funds for purchases are budgeted in the Lighting and Landscape (Account No. 215-7004-60431) and Parks (Account No. 101-3005-60431) materials/supplies accounts. BACKGROUND/ANALYSIS The Policy requires Council approval for purchases and/or contracts over $50,000. In FY 2025/26, the City purchased over $45,000 in plant materials from Red Terra Nursery for plant replacement in center medians, parkways, and parks. Red Terra Nursery provides quality plant material with a wide selection of plants. They provide delivery at no cost, and their prices for plants and trees are typically lower than other nurseries. Staff will continue to compare prices and material selections to obtain the best value and quality materials to be used in landscape renovations. Future landscape restoration projects in FY 2025/26 may include the center medians and east side parkway on Washington Street between Avenue 50 to Sagebrush, as well as plant replacement throughout City parks, parkways, and medians. This spending authority would allow maintenance projects in City medians, parkways, and parks to continue without interruptions to scheduled work. 45 ALTERNATIVES Staff could request approval from Council for any future purchases from Red Terra Nursery on a per project basis. However, this approach would delay work schedules. Prepared by: Dianne Hansen, Maintenance & Operations Superintendent Approved by: Tony Ulloa, Public Works Deputy Director 46 CONSENT CALENDAR ITEM NO. 7 City of La Quinta CITY COUNCIL MEETING: May 19, 2026 STAFF REPORT AGENDA TI . RECEIVE AND FILE THIRD QUARTER FISCAL YEAR 2025/26 TREASURY REPORTS FOR JANUARY, FEBRUARY, AND MARCH 2O26 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 130 % 36,751,227.42 '2'_23 Checking I Savings 1 Sweep Accounts 1,779,979.57 0,59 Corporate Notes 1 30 % 3,995,680.00 1.33 Investment Pools 99,594,188.75 33.15 Money Market Mutual Funds 1 20 % 10,112,393.50 3.37 Trusts Not Subject to Policy 8,802,826.76 2.93 US Agency 1 100 % 60,535,566.00 20.15 US Treasury 1100 % 78,856,555.00 2625 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. 1 IUdbU1 Y MdLt::, 11t, , I r, 2mo I 3" I 6mo I 3yr I r iy-, 5j-, i_L, 12yL 2OW 30YC 12131,2C2 _74 - .33 3.67 3.67 3.59 3.49 3.73 394 4.19 4.79 4.8 1130f2Ub 3 72 37.5 367 361 3.48 352 3.6 379 4 01 4: 6 4 82 4 2?272026 3.74 373 3.67 3.6 3.48 3-38 2.33 3-51 3.72 3.97 4.57 4.61 31310026 374 372 370 372 3.68 379 - i 1 392 411 430 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. Annualized Total Interest Average Days Yield To Total Rate of Received to Maturity Maturity Return January $ 761,800 567 3.67% 3.64% February $ 719,524 559 3.68% 3.37% March $ 867,389 588 3.54% 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. 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. 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: Rosemary Hallick, Principal Management Analyst Approved by: Claudia Martinez, Finance Director/City Treasurer Attachment: 1. Treasurer's Report for January 1, 2026 to March 31, 2026 49 ATTACHMENT 1 ta Qa�&(v l:ALIFOR\IA 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 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 Asset % of Group Settlement YTM ae Face Maturity Days To Accrued Description CUSIPITicker Category Portfolio Percent Date Cost Amount/Shares Cost Value Market Value Date Maturity Interest Cash Checking BMO Bank I LQ Palms Realty Cash LQPR1935 Savings Sweep 0.08 13.95 3/31/2024 0.000 241,473.02 241,473.02 241,473.02 N/A 1 Accounts Checking BMOst Dune Palms Cash Cash DPME4741-3599 Savings Sweep 0.49 85.86 3/31/2024 0.000 1,485,712.31 1,485,712.31 1,485,712.31 N/A 1 Accounts Checking City of La Quinta Cash PETTYCASH Savings Sweep 0.00 0.19 3/31/2024 0.000 3,300.00 3,300.00 3,300.00 N/A 1 Accounts Sub Total / Average Cash 0.57 100.00 0.000 1,730,485.33 1,730,485.33 19730,485.33 1 0.00 Corporate Bond Alphabet, Inc4.1 11/15/2030 02079KAW7 Corporate a Notes 130 /o 0.33 22.22 11/26/2025 3.844 1,000,000.00 1,011,470.00 1,000,800.00 11/15/2030 1,749 9,680.56 4.73/14/2Blackrock Funding Inc 4.7 3/14/2029-29 09290DAA9 Corporate a Notes � 30 /o 0.33 22.22 3/28/2024 4.623 1,000,000.00 1,003,380.00 1,023,330.00 3/14/2029 1,138 17,886.11 Guardian Life4.4 12/11/2030 40139LBP7 Corporate Notes 130 % 0.33 22.22 12/26/2025 4.248 1,000,000.00 1,006,710.00 1,002,040.00 12/11/2030 1,775 6,111.11 International Finance Corp 0.5 2/26/2026 45950VPS9 Corporate a Notes 130 /o 0.16 11.11 2/26/2021 0.610 500,000.00 497,300.00 498,840.00 2/26/2026 26 1,076.39 Walmart Inc 3.7 6/26/2028-28 /20 931142EE9 Corporate Notes � 30 /o a 0.33 22.22 6/26/2023 4.303 1,000,000.00 973,110.00 1,002,440.00 6/26/2028 877 3,597.22 Sub Total / Average Corporate Bond 1.47 100.00 3.849 4,500,000.00 4,491,970.00 4,527,450.00 1,234 38,351.39 FFCB Bond FFCB 0.71 8/10/2026- 23 3133EM2C5 US Agency 100 /o 0.16 1.89 8/10/2021 0.792 500,000.00 498,000.00 492,210.00 8/10/2026 191 1,686.25 FFCB 0.8 9/10/2026 3133EM4X7 US Agency 100 /o 0.33 3.77 9/28/2021 0.985 1,000,000.00 991,080.00 982,950.00 9/10/2026 222 3,133.33 FFCB 1.27 11/2/2026 3133ENCQ1 US Agency 100 /o 0.33 3.77 11/2/2021 1.270 1,000,000.00 1,000,000.00 981,700.00 11/2/2026 275 3,139.72 FFCB 3.375 9/15/2027 3133ENL99 US Agency 100 /o 0.33 3.77 9/15/2022 3.430 1,000,000.00 997,492.55 997,060.00 9/15/2027 592 12,750.00 51 Description CUSIP/Ticker Asset Category % of Portfolio Group Percent Settlement Date YTM @ Cost Face Amount/Shares Cost Value Market Value Maturity Date Days To Maturity Accrued Interest FFCB 3.5 9/10/2029 3133ERSP7 US Agency 1 100 /o 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 FFCB 3.75 12/7/2027 3133EN3S7 US Agency 1 100 /o 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 FFCB 3.75 8/14/2028 3133ETTJ6 US Agency 100 /o 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 FFCB 3.75 8/15/2029 3133ERPS4 US Agency 100 /o 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 FFCB 3.875 1/18/2029 3133EPW84 US Agency 100 /o 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 FFCB 3.875 1/18/2029 3133EPW84 US Agency 100 /o 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 FFCB 3.875 10/15/2027 3133ERXJ5 US Agency 100 /o 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 FFCB 3.875 12/10/2027 3133ER6Q9 US Agency 100 /o 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 FFCB 3.875 2/14/2028 3133EPAV7 US Agency 100 % 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 FFCB 3.875 6/8/2028 3133EPME2 US Agency 100 /o 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 FFCB 4 11/29/2027 3133EN3H1 US Agency 100 /o 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 FFCB 4 3/18/2030 3133ER7L9 US Agency 100 /o 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 FFCB 4 4/1/2030 3133ETBF3 US Agency 100 /o 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 FFCB 4 5/1/2030 3133ETFAO US Agency 100 /o 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 FFCB 4 6/17/2030 3133ETLM7 US Agency 100 /o 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 FFCB 4 9/29/2027 3133ENQ29 US Agency 100 /o 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 FFCB 4.125 12/17/2029 3133ERL41 US Agency 100 /° 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 FFCB 4.125 2/13/2029 3133EP369 US Agency 100 /o 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 FFCB 4.25 7/17/2028 3133EPQDO US Agency 100 /o 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 FFCB 4.25 8/7/2028 3133EPSK2 US Agency 100 /o 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 FFCB 4.33 3/18/2030- 3133ER7E5 SOAgency 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 1 FFCB 4.375 4/10/2029 3133ERAK7 US Agency 100 /o 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 FFCB 4.625 11/13/2028 3133EPC45 US Agency 1 100 /o 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 Sub Total / Average FFCB Bond 8.67 100.00 3.763 26,500,000.00 26,420,047.95 26,633,690.00 979 267,546.52 52 Description CUSIP/Ticker 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 313OAQF65 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 31301393L2 FHLB 4 10/5/2029-27 3130B35F6 FHLB 4 10/9/2026 313063A29 FHLB 4 7/30/2029-27 3130B7BU7 FHLB 4.125 4/4/2030- 3130B5SX7 27 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- 26 3130646Y2 FHLB 4.5 2/18/2028-26 3130B4YH8 FHLB 4.65 1/14/2030- 3130B4LS8 28 FHLB 4.75 9/8/2028 3130AXEL8 Asset % of Group Settlement YTM @ Face Maturity Days To Accrued Category Portfolio Percent Date Cost Amount/Shares Cost Value Market Value Date Maturity Interest 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 US Agency 100 % 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 US Agency 100 % 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 US Agency 100 % 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 US Agency 100 % 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 US Agency 100 % 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 US Agency 100 % 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 US Agency 10 100 /o 0.10 1.15 6/28/2022 3.300 300,000.00 300,000.00 298,890.00 6/28/2027 513 907.50 US Agency 100 % 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 US Agency 100 % 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 US Agency 100 % 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 US Agency 100 % 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 US Agency 100 % 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 US Agency 1 100 % 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 US Agency 100 % 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 US Agency 100 % 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 US Agency 1 100 % 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 US Agency 100 % 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 US Agency 100 % 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 US Agency 100 % 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 US Agency 100 % 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 US Agency 1 100 % 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 US Agency 100 % 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 US Agency 1 100% 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 CUSIP/Ticker Category Portfolio Percent Date Cost Amount/Shares Cost Value Market Value Date Maturity Interest 27 LB 5.04 4/23/2029- 3130614L8 1 SOAgency 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 US Agency 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 US Agency 100 /o 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 Sub Total / Average FHLB Bond 8.57 100.00 3.372 26,200,000.00 26,183,222.10 26,153,855.00 981 243,091.35 FHLMC Bond FHLMC 0.7 12/30/2026-21 3134GWUQ7 US Agency 100 /o 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 FHLMC0 10/28/2026-21 3134GW6C5 US Agency 100 /o 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 Sub Total / Average FHLMC Bond 0.49 100.00 1.715 1,500,000.00 1,431,570.00 1,464,610.00 312 3,366.66 FNMA Bond FNMA4 5/6/2030-27 3136GAGH6 US Agency 100 /o 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 3/12/2030- 3136GACD9 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 26NMA4.125 10S0Agency FNMA 4.1257/16/2030- 3136GAKH1 US Agency 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 7/28/2028- 3136GAKZ1 SOAgency 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 26NMA4.15 1 FNMA 4.254/8/2030-27 3136GAF20 US Agency 100 /o 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 FNMA4.5 5/20/2030-26 3136GAHF9 US Agency 100 /o 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 Sub Total / Average 1.96 100.00 4.234 650009000.00 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 Pools 8.66 38.13 3/31/2024 3.850 26,475,293.00 26,475,293.00 26,475,293.00 N/A 1 LAIF City LGIP CITYLAIF3434 Investment Pools 13.30 58.56 2/28/2024 3.931 40,656,080.75 40,656,080.75 40,655,301.41 N/A 1 LAIF Housing LGIP HOUSINGLAIF3005 Investment Pools 0.75 3.31 2/28/2024 3.931 2,300,308.62 2,300,308.62 2,300,264.53 N/A 1 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 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 Investment Pool Money Market BMO B k O f BMO1851OP Money Market an I pera ng Mutual Funds 1 4.94 52.63 3/31/2024 3.560 15,087,400.88 15,087,400.88 15,087,400.88 N/A MM TYCXX 20 % Trusts Not OPEB Trust MM OPEBTRUST Subject to 0.77 8.23 3/31/2024 2.130 2,358,622.81 2,358,622.81 2,358,622.81 N/A Policy PARS Pension Trust PARSTRUST Trusts Not Subject to MM Policy US Bank Custodian Money Market MM USB3000-FUZXX Mutual Funds 20 % US Bank Fiscal Agent Money Market MM USB4000-6000 Mutual Funds 20 % Sub Total / Average Money Market Negotiable Certificate Of Deposit Advantage Credit Union 00790UAE7 Certificate of IA4.45 7/31/2028 Deposits 130 Affinity Bank, NA GA 00833JAQ4 Certificate of 4.9 3/17/2028 Deposits 130 % Alabama Credit Union 5 01025RAG4 Certificate of 6/22/2026 Deposits 130 % All In FCU AL 4.4 01664MAB2 Certificate of 12/20/2027 Deposits 130 % Alliant Credit Union IL 5 01882MAC6 Certificate of 12/30/2027 Deposits 130 % Altaone FCU CA 4.45 02157RAA5 Certificate of 7/19/2029 Deposits 130 % Amer. Nat'l Bank of MN 02769QFW4 Certificate of 3.65 12/23/2030 Deposits 130 % Amerant Bank, NA FL 02357QAQ0 Certificate of 1.6 2/16/2027 Deposits 130 % American Express Nat'l 02589ADH2 Certificate of Bank 3.45 7/27/2027 Deposits 130 % Austin Telco FCU TX 052392BT3 Certificate of 3.8 9/21/2027 Deposits 130 % Balboa Thrift & Loan 05765LBU0 Certificate of 4.4 7/19/2028 Deposits 130 % Ballston Spa Nat'l Bank 058723AQO Certificate of NY 4.8 11/24/2026 Deposits 130 % Bank Five Nine WI 4.25 0621196T8 Certificate of 5/12/2028 Deposits 130 % Bank of the Sierra CA 064860MC0 Certificate of 4.6 3/15/2027 Deposits 130 % 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 0.08 0.68 7/31/2024 4.450 249,000.00 249,000.00 252,827.13 7/31/2028 912 0.00 0.08 0.68 3/17/2023 4.900 248,000.00 248,000.00 253,547.76 3/17/2028 776 466.10 0.08 0.68 6/20/2023 5.000 248,000.00 248,000.00 249,182.96 6/22/2026 142 373.70 0.08 0.68 12/20/2022 4.400 248,000.00 248,000.00 250,708.16 12/20/2027 688 328.85 0.08 0.67 12/30/2022 5.000 247,000.00 247,000.00 252,490.81 12/30/2027 698 33.84 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 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 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 0.08 0.67 8/29/2022 3.450 245,000.00 245,000.00 243,831.35 7/27/2027 542 92.63 0.08 0.68 9/21/2022 3.800 248,000.00 248,000.00 248,044.64 9/21/2027 598 774.58 0.08 0.68 7/19/2023 4.400 248,000.00 248,000.00 256,392.32 7/19/2028 900 358.75 0.08 0.68 5/24/2024 4.800 248,000.00 248,000.00 250,036.08 11/24/2026 297 228.30 0.08 0.68 5/12/2023 4.250 248,000.00 248,000.00 250,410.56 5/12/2028 832 548.66 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 55 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 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 06644QAC5 Certificate of 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 0.08 0.68 8/22/2024 4.350 248,000.00 248,000.00 251,295.92 8/22/2028 934 266.01 4.35 8/22/2028 ° Deposits 130 /° Beal Bank TX 1.9 2/17/2027 07371AYE7 Certificate of ° Deposits 130 /o 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 Beal Bank USA NV 1.9 073710E88 Certificate of 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 VA 4.2 2/28/2028 09582YAF9 Certificate of Deposits 130 % 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 BMW Bank North Certificate of America 4 11/23/2027 05612LFA5 30 °/o Deposits 130, 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 BNY Mellon, NA PA4.5 05584CJJ6 Certificate of 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 9/7/2028 ° Deposits 130 /° BOM Bank LA4.1 6/24/2030 09776DAV6 Certificate of ° Deposits 130 /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 Bridgewater Bank MN 108622NJ6 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 Deposits 130 % Capital One, NA 1.1 14042RQBO Certificate of 0.08 0.68 11/17/2021 1.100 248,000.00 248,000.00 242,844.08 11/17/2026 290 560.55 11/17/2026 ° Deposits 130 /° Carter Bank & Trust 146102AS7 Certificate of 0.08 0.68 7/5/2024 4.550 248,000.00 248,000.00 253,599.84 7/5/2029 1,251 803.79 4.55 7/5/2029 ° Deposits 130 /o Carter FCU LA 0.75 14622LAA0 Certificate of 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 9/26/2029 15118RR33 Certificate of ° Deposits 130 /° 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 Central Bank AK 4 Certificate of 5/12/2028 152577BN1 ° Deposits 130 /o 0.08 0.68 5/12/2023 4.000 248,000.00 248,000.00 249,056.48 5/12/2028 832 516.38 cfsbank PA4.7 11/30/2027 12526AAM9 Certificate of ° Deposits 130 /° 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 Chartway FCU VA4.9 16141BAC5 Certificate of 0.08 0.68 6/9/2023 4.900 248,000.00 248,000.00 248,949.84 6/9/2026 129 732.45 6/9/2026 ° Deposits 130 /o CIBC Bank USA IL 4.35 12547CBJ6 Certificate of 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 13C Civic FCU 3.65 9/26/2028 178808AF8 Certificate of ° Deposits 130 /° 0.08 0.68 9/26/2025 3.650 248,000.00 248,000.00 247,035.28 9/26/2028 969 124.00 ty Capital Bank Certificate of UT 2.65 4/14/2027 UT 2.6 20033A3A2 Deposits � 30 /o ° 0.08 0.68 4/14/2022 2.650 248,000.00 248,000.00 244,733.84 4/14/2027 438 306.09 ConnectOne Bank NJ 20786ADL6 Certificate of 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 0.08 0.68 12/23/2021 1.250 249,000.00 249,000.00 243,492.12 12/23/2026 326 0.00 WI 1.25 12/23/2026 ° Deposits 130 /° Cornerstone Comm. Certificate of FCU NY 3.7 10/1/2029 21923MAB7 Deposits 130 °/o 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 County Schools FCU CA 4.4 9/30/2027 22258JAB7 Certificate of ° Deposits 130 /° 0.08 0.68 9/30/2022 4.400 248,000.00 248,000.00 250,467.60 9/30/2027 607 29.90 Description CUSIP/Ticker Asset Category % of Portfolio Group Percent Settlement Date YTM @ Cost Face Amount/Shares Cost Value Market Value Maturity Date Days To Maturity Accrued 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 Certificate of 9/29/2028 22537MAHO ° Deposits 130 /o 0.08 0.68 9/29/2025 3.600 248,000.00 248,000.00 246,745.12 9/29/2028 972 48.92 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 6/14/2028 23204HPB8 Certificate of ° Deposits 130 /o 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 Cy -Fair FCU TX 4.5 23248UAB3 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 Deposits 130 % Direct FCU MA4.8 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 1 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 27002YHQ2 Certificate of 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 4/16/2030 ° Deposits 130 /o Eaglemark Savings 27004PCM3 Certificate of 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 Bank NV 2 3/2/2027 ° Deposits 130 /° Empower FCU NY 5.25 291916AJ3 Certificate of 0.08 0.67 11/15/2023 5.250 247,000.00 247,000.00 256,477.39 11/15/2028 1,019 746.08 11/15/2028 ° Deposits 130 /o Enterprise Bank PA4.6 Certificate of 6/7/2029 29367RND4 ° Deposits 130 /o 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 EverBank, NA f/k/a Certificate of TIAA FSB 0.5 87270LDL4 Deposits 30 % 0.08 0.67 2/12/2021 0.500 245,000.00 245,000.00 244,696.20 2/12/2026 12 577.26 2/12/2026 Evergreen Bank Group 300185LM5 Certificate of 0.08 0.68 1/27/2023 3.850 248,000.00 248,000.00 248,057.04 7/27/2026 177 104.64 IL 3.85 7/27/2026 ° Deposits 130 /° Fahey Banking Company 4.2 8/30/2027 303117DN2 Certificate of ° Deposits 130 /o 0.08 0.68 2/28/2025 4.200 248,000.00 248,000.00 249,604.56 8/30/2027 576 85.61 Farmers & Merchants Certificate of Bank of Colby 4.4 30781JBU3 Deposits 1 30 % 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 7/5/2029 Fidelity Bank LA 0.7 31617CAV5 Certificate of 0.08 0.68 4/30/2021 0.700 248,000.00 248,000.00 246,063.12 4/30/2026 89 0.00 4/30/2026 Deposits 130 Fieldpoint Private B&T 31657FBA4 Certificate of 0.08 0.68 9/4/2024 4.000 248,000.00 248,000.00 248,300.08 9/4/2026 216 733.81 CT 4 9/4/2026 ° Deposits 1 3C /° First Bank Elk River MN Certificate of 4.4 6/30/2028 31911 KAK4 ° Deposits 130 /o 0.08 0.68 6/30/2023 4.400 248,000.00 248,000.00 255,013.44 6/30/2028 881 29.90 First Federal Savings 32021YEV1 Certificate of 0.08 0.68 2/9/2024 4.250 248,000.00 248,000.00 248,478.64 7/9/2026 159 635.29 IN 4.25 7/9/2026 ° Deposits 130 /° First Nat'l Bank of Certificate of America MI 3.75 32110YQ24 Deposits 1 30 % 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 10/30/2028 First Service CU f/k/a Certificate of SPCO TX 4.35 78472EABO Deposits 1 30 % 0.08 0.68 1/20/2023 4.350 249,000.00 249,000.00 251,577.15 1/20/2028 719 326.43 1 /20/2028 Forbright Bank MD 4.6 34520LATO Certificate of 0.08 0.68 11/2/2022 4.600 248,000.00 248,000.00 251,390.16 11/2/2027 640 906.39 11/2/2027 Deposits 130 % 57 Description CUSIP/Ticker Asset Category % of Portfolio Group Percent Settlement Date YTM @ Cost Face Amount/Shares Cost Value Market Value Maturity Date Days To Maturity Accrued Interest Four Points FCU 4.55 35089LAFO Certificate of 0.08 0.68 5/10/2023 4.550 248,000.00 248,000.00 248,493.52 5/11/2026 100 649.22 5/11/2026 Deposits 130 % Genesee Regional Certificate of of Bank NY 4.2 37173RAL7 Deposits a % 0.08 0.67 12/27/2023 4.200 244,000.00 244,000.00 244,980.88 12/28/2026 331 982.68 12/28/2026 Global FCU f/k/a Alaska Certificate of USA AK 4.6 3/8/2028 011852AEO ° Deposits 130 /o 0.08 0.68 3/8/2023 4.600 248,000.00 248,000.00 251,982.88 3/8/2028 767 718.86 Golden State Bank CA 38120MCA2 Certificate of 0.08 0.68 6/22/2023 4.450 249,000.00 249,000.00 251,270.88 6/22/2027 507 273.22 4.45 6/22/2027 ° Deposits 13C /° Goldman Sachs Bank 38149MXK4 Certificate of 0.08 0.68 7/28/2021 1.000 248,000.00 248,000.00 244,540.40 7/28/2026 178 20.38 USA 1 7/28/2026 ° Deposits 130 /o Greenstate Credit Certificate of Union IA 0.95 39573LBC1 Deposits 30 % 0.08 0.68 4/16/2021 0.950 249,000.00 249,000.00 247,483.59 4/16/2026 75 194.42 4/16/2026 Gulf Coast Bank New Certificate of Orleans LA 3.6 402194GQ1 Deposits 1 30 % 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 10/29/2030 Healthcare Systems 42228LAN1 Certificate of 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 FCU VA 5.1 10/27/2028 Deposits 130 % Ideal Credit Union MN 45157PAZ3 Certificate of 0.08 0.68 12/29/2022 4.500 248,000.00 248,000.00 251,216.56 12/29/2027 697 917.26 4.5 12/29/2027 ° Deposits 130 /° Inst. for Savings Certificate of Newburyport MA 3.65 45780PDK8 Deposits 130 % 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 10/28/2030 Jeep Country FCU OH Certificate of 4.7 6/29/2027 472312AA5 ° Deposits 130 /o 0.08 0.68 6/29/2023 4.700 248,000.00 248,000.00 251,169.44 6/29/2027 514 63.87 Knoxville TVA Certificate of Employees Credit 499724AP7 Deposits 130 % 0.08 0.68 8/25/2023 4.850 248,000.00 248,000.00 254,356.24 8/25/2028 937 988.60 Union 4.85 8/25/202 Lafayette FCU MD 4.1 50625LCA9 Certificate of 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 3/28/2029 Deposits 130 % Latino Community Certificate of Credit Union NC 4.5 51828MAC8 Deposits 130 % 0.08 0.68 12/21/2022 4.500 248,000.00 248,000.00 251,162.00 12/21/2027 689 305.75 12/21 /2027 Leaders Credit Union 52171MAM7 Certificate of 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 TN 5.1 10/30/2028 ° Deposits 130 /o Legacy Bank & Trust Co. MO 4.5 9/27/2028 52470QEC4 Certificate of ° Deposits 130 /o 0.08 0.68 9/27/2023 4.500 248,000.00 248,000.00 252,357.36 9/27/2028 970 122.30 Legends Bank TN 3.75 52465JKLO Certificate of 0.08 0.68 9/11/2024 3.750 248,000.00 248,000.00 247,665.20 9/11/2028 954 509.59 9/11/2028 Deposits 130 /° ° Liberty First Credit Union NE 4.5 2/22/2028 530520AH8 Certificate of ° Deposits 130 /o 0.08 0.68 2/21/2023 4.500 248,000.00 248,000.00 251,392.64 2/22/2028 752 917.26 Maine Community Bank 560390DC7 Certificate of 0.08 0.68 8/30/2024 3.750 248,000.00 248,000.00 247,888.40 8/30/2027 576 25.48 3.75 8/30/2027 Deposits 130 % Maine Savings FCU 4.8 560507AQ8 Certificate of 0.08 0.68 7/21/2023 4.800 248,000.00 248,000.00 253,823.04 7/21/2028 902 326.14 7/21/2028 ° Deposits 130 /° Malaga Bank, FSB CA 56102ACC8 Certificate of 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 3.6 10/24/2030 Deposits 130 /o ° Marathon Bank WI 1.8 3/16/2027 565819AG4 Certificate of Deposits 130 % 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 Description CUSIP/Ticker Asset Category % of Portfolio Group Percent Settlement Date YTM @ Cost Face Amount/Shares Cost Value Market Value Maturity Date Days To Maturity Accrued Interest Marine FCU NC 4 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 8/31/2026 Deposits 130 % Medallion Bank UT 4.85 Certificate of 10/20/2028 58404DTP6 ° Deposits 130 /o 0.08 0.68 10/20/2023 4.850 248,000.00 248,000.00 258,031.60 10/20/2028 993 362.49 Merrick Bank UT 1.1 59013KPNO Certificate of 0.08 0.68 11/9/2021 1.100 249,000.00 249,000.00 243,910.44 11/9/2026 282 165.09 11/9/2026 ° Deposits 130 /° Metro Credit Union MA 1.7 2/18/2027 59161YAP1 Certificate of ° Deposits 130 /o 0.08 0.68 2/18/2022 1.700 249,000.00 249,000.00 243,691.32 2/18/2027 383 347.92 Mid Carolina Credit Certificate of Union SC 4.85 59524LAA4 Deposits 30 % 0.08 0.68 3/13/2023 4.850 248,000.00 248,000.00 248,324.88 3/13/2026 41 593.16 3/13/2026 Milestone Bk f/k/a LCA 501798RP9 Certificate of 0.08 0.68 12/27/2021 1.000 248,000.00 248,000.00 245,222.40 6/26/2026 146 237.81 UT 1 6/26/2026 Deposits 130 % Minnwest Bank MN 4.25 5/3/2027 60425SKB4 Certificate of Deposits 130 % 0.08 0.68 5/1/2023 4.250 248,000.00 248,000.00 249,458.24 5/3/2027 457 866.30 Money One FCU MD 5 Certificate of 9/14/2028 60936TAL3 ° Deposits 130 /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 Morgan Stanley Bank, 61690DT40 Certificate of 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 NA 4.25 3/5/2030 ° Deposits 130 /° Morgan Stanley Private 61776NMT7 Certificate of 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 Bank 4.25 3/5/2030 ° Deposits 130 /° Mountain American Certificate of FCU 4.7 4/28/2026 62384RAT3 ° Deposits 130 /o 0.08 0.68 4/28/2023 4.700 248,000.00 248,000.00 248,515.84 4/28/2026 87 958.03 MVB Bank, Inc. WV 62847NEP7 Certificate of 0.08 0.68 8/1/2024 4.050 248,000.00 248,000.00 249,168.08 2/1/2028 731 825.53 4.05 2/1/2028 ° Deposits 130 /° Nelnet Bank UT 1.8 3/2/2026 64034KAZ4 Certificate of ° Deposits 130 /o 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 Northpointe Bank MI 666613MK7 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 Deposits 130 % Numerica CU 4.15 11/26/2029 67054NBT9 Certificate of ° Deposits 13C /° 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 Oklahoma Educators Certificate of CU 3.65 10/4/2027 67885MAEO ° Deposits 130 /o 0.08 0.68 10/3/2025 3.650 248,000.00 248,000.00 247,437.04 10/4/2027 611 694.40 Optum Bank, Inc UT 4 68405VDD8 Certificate of 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 4/29/2030 ° Deposits 130 /° Oregon Community Certificate of Credit Union 4.85 68584JAT6 Deposits 30 % 0.08 0.68 6/7/2024 4.850 248,000.00 248,000.00 251,509.20 6/7/2027 492 790.88 6/7/2027 Pacific Crest Savings Bank WA 3.9 8/16/2029 69417ADA4 Certificate of ° Deposits 130 /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 Financial B&T 70147AGA6 Certificate of 0.08 0.68 9/13/2024 3.750 248,000.00 248,000.00 247,665.20 9/13/2028 956 458.63 MO 3.75 9/13/2028 MO 3.75 Deposits � 30 Partners Bank of Certificate of California 4.15 70212YBY7 Deposits 130 % 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 8/27/2027 Peoples Exchange Bank KY 4.15 8/9/2027 71104AAS2 Certificate of ° Deposits 130 /° 0.08 0.68 8/9/2024 4.150 248,000.00 248,000.00 249,346.64 8/9/2027 555 620.34 Ponce Bank NY 3.5 9/15/2027 732329BD8 Certificate of ° Deposits 130 /o 0.08 0.68 9/15/2022 3.500 248,000.00 248,000.00 246,876.56 9/15/2027 592 380.49 59 Description CUSIP/Ticker Asset Category % of Portfolio Group Percent Settlement Date YTM @ Cost Face Amount/Shares Cost Value Market Value Maturity Date Days To Maturity Accrued Interest Prevail Bank WI 4.25 887171AB2 Certificate of 0.08 0.68 7/24/2024 4.250 249,000.00 249,000.00 251,114.01 1/24/2028 723 202.95 1/24/2028 ° Deposits 130 /° RiverWood Bank MN Certificate of 3.85 3/11/2027 76951DBZ2 ° Deposits 130 /o 0.08 0.68 9/11/2024 3.850 248,000.00 248,000.00 248,228.16 3/11/2027 404 523.18 Rize FCU f/k/a SCE CA 78413RAV9 Certificate of 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 4.7 6/20/2029 ° Deposits 130 /° Rockland FCU MA4.6 12/22/2026 77357DADO Certificate of ° Deposits 130 /o 0.08 0.68 12/22/2023 4.600 248,000.00 248,000.00 249,807.92 12/22/2026 325 281.29 Safra Nat'l Bank NY 24773RCR4 Certificate of 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 f/k/a/ Delta Nat'l 2 2 Deposits 13C Sallie Mae 3.9 12/10/2030 795451EE9 Certificate of Deposits 130,IX 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 San Francisco FCU CA 4.35 2/3/2028 79772FAG1 Certificate of Deposits 130 °/o 0.08 0.68 2/3/2023 4.350 248,000.00 248,000.00 250,606.48 2/3/2028 733 827.57 Signature FCU VA4.4 82671DAB3 Certificate of 0.08 0.68 1/31/2023 4.400 248,000.00 248,000.00 250,834.64 1/31/2028 730 0.00 1/31/2028 ° Deposits 130 /° SkyOne FCU CA 3.9 83088XAR9 Certificate of 0.08 0.68 10/25/2024 3.900 248,000.00 248,000.00 248,617.52 10/25/2028 998 158.99 10/25/2028 Deposits 130 % SNB Bank, NA OK 4.1 78470MBS6 Certificate of 0.08 0.68 8/14/2024 4.100 248,000.00 248,000.00 249,770.72 8/14/2028 926 473.58 8/14/2028 ° Deposits 130 /o Sound Credit Union WA 83616HAH7 Certificate of 0.08 0.68 6/2/2025 4.150 248,000.00 248,000.00 249,912.08 6/2/2028 853 817.72 4.15 6/2/2028 ° Deposits 130 /° Southern Bank MO 4.2 843383CS7 Certificate of 0.08 0.68 5/17/2023 4.200 248,000.00 248,000.00 250,152.64 5/17/2028 837 399.52 5/17/2028 ° Deposits 130 /o Southern Bank of TN 84229QAC5 Certificate of 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 4.35 7/12/2029 Deposits 130 % Southern States Bank 843879GSO 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 4.15 9/21/2026 Deposits 130 % St. Vincent's Medical Certificate of of Center FCU 4.6 85279AAC6 Deposits a % 0.08 0.68 6/16/2023 4.600 248,000.00 248,000.00 250,737.92 6/16/2027 501 468.82 6/16/2027 Stearns Bank, NA MN 857894Q51 Certificate of 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 4.2 8/9/2027 ° Deposits 130 /o Sunwest Bank 3.55 9/28/2029 86804DDGO Certificate of ° Deposits 130 /° 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 Synchrony Bank 0.9 87165ET98 Certificate of 0.08 0.67 9/3/2021 0.900 245,000.00 245,000.00 240,950.15 9/3/2026 215 918.25 9/3/2026 ° Deposits 130 /° Technology Credit 87868YAQ6 Certificate of 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 Union CA 5 5/29/2026 ° Deposits 130 /o Texas Exchange Bank 88241TSW1 Certificate of 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 3.7 9/6/2029 ° Deposits 130 /° The Genoa Banking 372348DJ8 Certificate of 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 Co. 4.6 11/28/2028 30 /o ° Deposits 130, The Greenwood's State Certificate of Bank WI 3.05 397417AQ9 Deposits 130 % 0.08 0.68 5/17/2022 3.050 248,000.00 248,000.00 245,733.28 5/17/2027 471 290.13 5/17/2027 The Pitney Bowes Certificate of Bank, Inc UT 4.35 724468AC7 Deposits 1 30 % 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 4/13/2028 60 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 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 130 % 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 Certificate of 2/4/2027 89786MAF1 ° Deposits 130 /o 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 Truliant FCU NC 4.7 9/10/2027 89789AAG2 Certificate of ° Deposits 130 /° 0.08 0.68 3/10/2023 4.700 248,000.00 248,000.00 251,531.52 9/10/2027 587 670.62 Tuscon FCU AZ 5 9/8/20 9/8/2028 898812AC6 Certificate of Deposits � 30 /o ° 0.08 0.68 9/8/2023 5.000 248,000.00 248,000.00 255,343.28 9/8/2028 951 781.37 UBS Bank USA UT 4.9 90355GHG4 Certificate of 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, fsb IN 4.5 6/29/2028 910286GN7 Certificate of Deposits 130 % 0.08 0.68 6/29/2023 4.500 248,000.00 248,000.00 255,524.32 6/29/2028 880 61.15 United Roosevelt Certificate of Savings Bank NJ 1.9 91139LAB2 Deposits 130 % 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 Certificate of 5.1 11/8/2027 913065ADO ° Deposits 130 /o 0.08 0.68 11/8/2023 5.100 248,000.00 248,000.00 253,537.84 11/8/2027 646 797.00 University Bank MI 4.2 914098DJ4 Certificate of 0.08 0.68 11/30/2022 4.200 249,000.00 249,000.00 250,797.78 11/30/2027 668 28.65 11/30/2027 Deposits 130 % 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 Co. PA 4.35 5/12/2028 ° Deposits 130 /o USAlliance Financial Certificate of FCU NY 4.55 5/26/2028 90352RDB8 Deposits 130 /o ° 0.08 0.68 5/26/2023 4.550 248,000.00 248,000.00 252,101.92 5/26/2028 846 154.58 Utah First FCU 5 7/21/2028 91739JAB1 Certificate of ° Deposits 130 /° 0.08 0.67 7/21/2023 5.000 245,000.00 245,000.00 251,906.55 7/21/2028 902 335.62 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 4.95 5/29/2026 ° Deposits 130 /o Valleystar Credit Union 92023CAJ2 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 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 0.8 6/30/2026 ° Deposits 130 /° MN 4.05 Certificate of 5/12/2028 5/12/028 92834ABT2 ° Deposits � 30 /o 0.08 0.68 5/12/2023 4.050 248,000.00 248,000.00 249,326.80 5/12/2028 832 522.84 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 4.55 3/10/2028 ° Deposits 130 /° Washington Financial Bank PA 4.5 5/31/2029 93883MBA5 Certificate of Deposits 130 /° ° 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 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 10/30/2028 ° Deposits 130 /o Sub Total / Average Negotiable Certificate 11.98 100.00 3.856 36,599,000.00 36,598,377.50 36,830,394.60 734 122,950.16 Of Deposit Treasury Note T-Note 0.5 2/28/2026 91282CBQ3 US Treasury 100 /o 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 Description CUSIP/Ticker Category Portfolio Percent Date Cost Amount/Shares Cost Value T-Note 0.5 2/28/2026 91282CBQ3 US Treasury 1 100 /o 0.25 1.01 3/23/2022 2.353 750,000.00 698,025.00 T-Note 0.625 7/31/2026 91282CCP4 US Treasury 1 100 /o 0.33 1.34 9/29/2021 0.970 1,000,000.00 983,750.00 T-Note 0.75 3/31/2026 91282CBT7 US Treasury 1 100 /o 0.16 0.67 5/28/2021 0.770 500,000.00 499,525.00 T-Note 0.75 3/31/2026 91282CBT7 US Treasury 1 100 /o 0.16 0.67 6/17/2021 0.816 500,000.00 498,450.00 T-Note 0.75 5/31/2026 91282CCF6 US Treasury 1 100 /o 0.33 1.34 6/1/2021 0.810 1,000,000.00 997,060.00 T-Note 0.75 5/31/2026 91282CCF6 US Treasury 1 100 /o 0.16 0.67 6/17/2021 0.870 500,000.00 497,095.00 T-Note 0.75 8/31/2026 91282CCW9 US Treasury 1 100 /o 0.33 1.34 9/29/2021 0.990 1,000,000.00 988,500.00 T-Note 0.75 8/31/2026 91282CCW9 US Treasury 1 100 /o 0.16 0.67 3/22/2022 2.350 500,000.00 466,454.17 T-Note 1.125 10/31 /2026 91282CDG3 US Treasury 1 100 /o 0.16 0.67 3/22/2022 2.350 500,000.00 473,396.82 US Treasury 1 T-Note 1.5 1/31/2027 912828Z78 100 /o 0.33 1.34 2/10/2022 1.781 1,000,000.00 986,700.00 T-Note 1.875 7/31/2026 912828Y95 US Treasury 1 100 /o 0.33 1.34 8/29/2024 3.876 1,000,000.00 963,281.25 T-Note 2.25 8/15/2027 9128282RO US Treasury 1 100 /o 0.33 1.34 11/18/2022 3.950 1,000,000.00 927,110.00 T-Note 2.375 4/30/2026 9128286S4 US Treasury 1 100 /o 0.33 1.34 3/23/2022 2.400 1,000,000.00 999,010.00 T-Note 2.375 5/15/2027 912828X88 US Treasury 1 100 /o 0.33 1.34 6/7/2022 3.041 1,000,000.00 969,687.50 T-Note 2.5 3/31/2027 91282CEF4 US Treasury 1 100 /o 0.33 1.34 5/3/2022 3.010 1,000,000.00 976,860.00 T-Note 2.625 2/15/2029 912828661 US Treasury 1 100 /o 0.33 1.34 2/15/2024 4.286 1,000,000.00 925,976.56 T-Note 2.625 5/31/2027 91282CET4 US Treasury 1 100 /o 0.16 0.67 6/8/2022 2.980 500,000.00 491,842.18 T-Note 2.625 5/31/2027 91282CET4 US Treasury 1 100 /o 0.33 1.34 8/29/2024 3.720 1,000,000.00 971,555.99 T-Note 2.75 4/30/2027 91282CEN7 US Treasury 1 100 /o 0.16 0.67 6/8/2022 2.971 500,000.00 495,000.00 T-Note 2.75 7/31/2027 91282CF62 US Treasury 1 100 /o 0.33 1.34 8/15/2022 2.980 1,000,000.00 989,460.00 T-Note 2.75 7/31/2027 91282CFB2 US Treasury 1 100 /o 0.33 1.34 8/29/2022 3.200 1,000,000.00 979,645.67 T-Note 2.875 4/30/2029 91282CEM9 US Treasury 1 100 /o 0.33 1.34 4/30/2024 4.658 1,000,000.00 921,300.00 T-Note 3.125 11 /15/2028 9128285108 US Treasury 1 100 /o 0.33 1.34 12/29/2023 3.880 1,000,000.00 966,718.75 T-Note 3.125 8/31/2027 91282CFH9 US Treasury 1 100 /o 0.16 0.67 1/24/2023 3.640 500,000.00 489,175.00 Maturity Days To Accrued Market Value Date Maturity Interest 748,260.00 2/28/2026 28 1,584.94 985,310.00 7/31/2026 181 0.00 497,710.00 3/31/2026 59 1,267.17 497,710.00 3/31/2026 59 1,267.17 990,510.00 5/31/2026 120 1,277.47 495,255.00 5/31/2026 120 638.74 983,730.00 8/31/2026 212 3,169.89 491,865.00 8/31/2026 212 1,584.94 490,895.00 10/31 /2026 273 1,429.56 980,060.00 1 /31 /2027 365 0.00 991,440.00 7/31/2026 181 0.00 981,020.00 8/15/2027 561 10,332.88 996,800.00 4/30/2026 89 6,035.91 985,470.00 5/15/2027 469 5,051.80 988,090.00 3/31/2027 424 8,447.80 971,640.00 2/15/2029 1,111 12,055.03 494,065.00 5/31/2027 485 2,235.58 988,130.00 5/31/2027 485 4,471.15 495,215.00 4/30/2027 454 3,494.48 988,710.00 7/31/2027 546 0.00 988,710.00 7/31/2027 546 0.00 976,760.00 4/30/2029 1,185 7,306.63 987,660.00 11/15/2028 1,019 6,647.10 496,875.00 8/31/2027 577 6,603.94 62 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 3.25 6/30/2027 91282CEW7 US Treasury 100 /o 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 T-Note 3.5 1/31/2028 91282CGH8 US Treasury 100 /o 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 T-Note 3.5 1/31/2028 91282CGH8 US Treasury 100 /o 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 T-Note 3.5 1/31/2030 91282CGJ4 US Treasury 100 /o 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 T-Note 3.5 10/15/2028 91282CPC9 US Treasury 100 /o 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 T-Note 3.5 11/30/2030 91282CPN5 US Treasury 100 /o 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 T-Note 3.5 4/30/2028 91282CHA2 US Treasury 100 /o 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 T-Note 3.5 4/30/2028 91282CHA2 US Treasury 100 /o 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 T-Note 3.5 9/30/2029 91282CLN9 US Treasury 100 /o 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 T-Note10/31/ 030 10/31 /2030 91282CPD7 10 Treasury 100 /o 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 T-Note 3.625 12/31/2030 91282CPR6 US Treasury 1 100 /o 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 T-Note 3.625 3/31/2028 91282CGT2 US Treasury 100 /o 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 T-Note 3.625 3/31/2028 91282CGT2 US Treasury 100 /o 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 T-Note 3.625 3/31/2028 91282CGT2 US Treasury 100 /o 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 T-Note 3.625 5/31/2028 91282CHE4 US Treasury 100 /o 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 T-Note 3.625 8/31/2029 91282CLK5 US Treasury 100 /o 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 T-Note 3.625 8/31/2030 91282CNX5 US Treasury 100 /o 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 T-Note 3.625 9/30/2030 91282CPA3 US Treasury 100 /o 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 T-Note 3.75 12/31/2028 91282CJR3 US Treasury 100 /o 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 T-Note 3.75 12/31/2028 91282CJR3 US Treasury 100 /o 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 T-Note 3.75 12/31/2030 91282CJQ5 US Treasury 100 /o 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 T-Note 3.75 4/15/2028 91282CMW8 US Treasury 100 /o 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 T-Note 3.75 5/31/2030 91282CHF1 US Treasury 100 /o 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 T-Note 3.75 6/30/2030 91282CHJ3 US Treasury 100 /o 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 63 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 11/30/2029 91282CFY2 US Treasury 1 100 /o 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 T-Note 3.875 4/30/2030 91282CMZ1 US Treasury 1 100 /o 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 T-Note 3.875 7/15/2028 91282CNM9 US Treasury 1 100 /o 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 T-Note 3.875 7/31/2030 91282CNN7 US Treasury 1 100 /o 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 T-Note 3.875 9/30/2029 91282CFLO US Treasury 1 100 /o 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 T-Note 4 1/15/2027 91282CJT9 US Treasury 1 100 /o 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 T-Note 4 10/31/2029 91282CFT3 US Treasury 1 100 /o 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 T-Note 4 2/28/2030 91282CGQ8 US Treasury 1 100 /o 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 T-Note 4 3/31/2030 91282CMU2 US Treasury 1 100 /o 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 T-Note 4 5/31/2030 91282CNG2 US Treasury 1 100 /o 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 T-Note 4 7/31/2029 91282CLC3 US Treasury 1 100 /o 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 T-Note 4 7/31/2030 91282CHR5 US Treasury 1 100 /o 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 T-Note 4.125 91282CFU0 US Treasury 1 0.25 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 100 % T-Note 4.125 91282CFUO US Treasury 1 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 11/30/2029 029 91282CMA6 Treasury 10 100 % 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 T-Note 4.125 3/31/2029 91282CKG5 US Treasury 1 100 /o 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 T-Note 4.125 6/15/2026 91282CHH7 US Treasury 1 100 /o 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 T-Note 4.125 9/30/2027 91282CFM8 US Treasury 1 100 /o 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 T-Note 4.25 1/31/2030 91282CMG3 US Treasury 1 100 /o 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 T-Note 4.25 6/30/2029 91282CKX8 US Treasury 1 100 /o 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 T-Note 4.375 91282CMD0 US Treasury 1 0.49 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 100 % T-Note 4.5 5/31/2029 91282CKT7 US Treasury 1 100 /o 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 Sub Total /Average Treasury Note 24.38 100.00 3.643 74,500,000.00 73,513,002.76 74,460,962.50 1,018 505,268.68 Total / Average 100 3.669 305,627,334.27 304,455,354.58 305,912,362.94 568 1,939,409.70 64 tev QaLtra l:ALIFOR\IA 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 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 Cash Checking BMO Bank I LQ Palms Realty Cash LQPR1935 Savings 1 Sweep 0.08 14.20 3/31/2024 0.000 248,545.55 248,545.55 248,545.55 N/A 1 Accounts Checking BMOst Dune Palms Cash Cash DPME4741-3599 Savings Sweep 0.48 85.61 3/31/2024 0.000 1,498,821.39 1,498,821.39 1,498,821.39 N/A 1 Accounts Checking City of La Quinta Cash PETTYCASH Savings Sweep 0.00 0.19 3/31/2024 0.000 3,300.00 3,300.00 3,300.00 N/A 1 Accounts Sub Total / Average Cash 0.56 100.00 0.000 1,750,666.94 1,750,666.94 1,750,666.94 1 0.00 Corporate Bond Alphabet, Inc4.1 11/15/2030 02079KAW7 Corporate o Notes 130 /a 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 4.73/14/2Blackrock Funding Inc 4.7 3/14/2029-29 09290DAA9 Corporate o Notes � 30 /o 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 Guardian Life 4.4 12/11/2030 40139LBP7 Corporate Notes 130 % 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 Walmart Inc 3.7 6/26/2028-28 931142EE9 Corporate o Notes 130 /a 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 1.29 100.00 4.254 4,000,000.00 3,994,670.00 4,048,260.00 1,357 49,950.00 FFCB Bond FFCB 0.71 8/10/2026 3133EM2C5 100 SAgency 0.16 1.89 8/10/2021 0.792 500,000.00 498,000.00 493,310.00 8/10/2026 163 177.50 FFCB 0.8 9/10/2026 3133EM4X7 US Agency 1 100 /o 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 FFCB 1.27 11/2/2026 3133ENCQ1 US Agency 1 100 /o 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 FFCB 3.375 9/15/2027 3133ENL99 US Agency 100 /o 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 FFCB 3.5 9/10/2029 3133ERSP7 US Agency 100 /o 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 Description CUSIP/Ticker Asset Category % of Portfolio Group Percent Settlement Date YTM @ Cost Face Amount/Shares Cost Value Market Value Maturity Date Days To Maturity Accrued Interest FFCB 3.75 12/7/2027 3133EN3S7 US Agency 100 /o 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 FFCB 3.75 8/14/2028 3133ETTJ6 US Agency 100 /o 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 FFCB 3.75 8/15/2029 3133ERPS4 US Agency 100 /o 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 FFCB 3.875 1/18/2029 3133EPW84 US Agency 100 /o 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 FFCB 3.875 1/18/2029 3133EPW84 US Agency 100 /o 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 FFCB 3.875 10/15/2027 3133ERXJ5 US Agency 100 /o 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 FFCB 3.875 12/10/2027 3133ER6Q9 US Agency 100 /o 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 FFCB 3.875 2/14/2028 3133EPAV7 US Agency 100 /o 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 FFCB 3.875 6/8/2028 3133EPME2 US Agency 100 /o 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 FFCB 4 11/29/2027 3133EN31-11 US Agency 100 /o 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 FFCB 4 3/18/2030 3133ER71-9 US Agency 1 100 /o 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 FFCB 4 4/1/2030 3133ETBF3 US Agency 100 /o 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 FFCB 4 5/1/2030 3133ETFAO US Agency 100 /o 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 FFCB 4 6/17/2030 3133ETLM7 US Agency 100 /o 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 FFCB 4 9/29/2027 3133ENQ29 US Agency 100 /o 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 FFCB 4.125 12/17/2029 3133ERL41 US Agency 100 /o 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 FFCB 4.125 2/13/2029 3133EP3139 US Agency 100 /o 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 FFCB 4.25 7/17/2028 3133EPQDO US Agency 100 /o 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 FFCB 4.25 8/7/2028 3133EPSK2 US Agency 100 /o 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 FFCB 4.33 3/18/2030- 3133ER7E5 US Agency 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 US Agency 100 /o 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 FFCB 4.625 11/13/2028 3133EPC45 US Agency 100 /o 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 Sub Total / Average FFCB Bond 8.55 100.00 3.763 26,500,000.00 26,420,047.95 26,756,600.00 951 240,431.52 FHLB Bond 67 Description CUSIP/Ticker Asset Category % of Portfolio Group Percent Settlement Date YTM @ Cost Face Amount/Shares Cost Value Market Value Maturity Date Days To Maturity Accrued Interest FHLB 0.75 6/12/2026 3130AMFS6 US Agency 100 /o 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 FHLB 0.95 10/13/2026- US Agency 23 3130APB46 100 /o 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 FHLB 1 9/30/2026-22 3130APBM6 US Agency 100 /o 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 FHLB 1.2512/21/2026 313OAQF65 US Agency 100 /o 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 FHLB 1.5 1/27/2027-23 3130AQJR5 US Agency 100 /o 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 23 LB 1.83 2/10/2027- 3130AQSA2 1 oAgency 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 2.74/19/2027-24 3130ARGY1 US Agency 100 /o 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 FHLB 3.3 6/28/2027-24 3130ASDV8 US Agency 100 /o 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 FHLB 3.5 9/13/2030 3130AF2S5 US Agency 100 /o 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 FHLB 3.65 10/21/2030- 3130B8CC4 US Agency 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 313013931-2 US Agency 1 100 /o 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 FHLB 4 10/5/2029-27 31301335F6 US Agency 100 /o 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 FHLB 4 10/9/2026 3130133A29 US Agency 100 /o 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 FHLB 4 7/30/2029-27 3130137BU7 US Agency 100 /o 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 FHLB 4.125 4/4/2030- 3130B5SX7 US Agency 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 US Agency 100 /o 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 FHLB 4.2 3/27/2030-28 3130135K80 US Agency 100 /o 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 FHLB 4.3 10/23/2029- 3130B3ES8 US Agency 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 3130136PN0 US Agency 100 /o 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 FHLB 4.45 2/12/2029- Agency 27 3130AYXU5 1 10 0 0 /o 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 4.5 12/10/2029- 3130B46Y2 1 oAgency 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 26HLB 4.65 1/14/2030- 3130B4LS8 1 oAgency 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 28HLB US Agency FHLB 4.75 9/8/2028 3130AXEL8 100 /o 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 27 LB 5.04 4/23/2029- 3130B14L8 1 oAgency 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 2 LB Step 11/24/2026- 3130APTV7 Agency 100 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 100 /o 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 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 F; LMC 0.7 12/30/2026- 3134GWUQ7 1 oAgency 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 F; LMC 0.8 10/28/2026- 3134GW6C5 1 oAgency 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 FHLMC Bond 0.48 100.00 1.715 1,500,000.00 1,431,570.00 1,467,385.00 284 4,211.11 FNMA Bond FNMA 3.75 12/3/2030- 3136GC6X8 1 oAgency 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 100 /o 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 3136GACD9 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 26NMA4.1253/12/2030- 1SAgency FNMA 4.1257/16/2030- 3136GAKH1 US Agency 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 7/28/2028- 3136GAKZ1 1 oAgency 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 26NMA4.15 FNMA 4.254/8/2030-27 3136GAF20 US Agency 100 /o 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 FNMA4.5 5/20/2030-26 3136GAHF9 US Agency 100 /o 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 Sub Total / Average 2.26 100.00 4.164 7,000,000.00 6,988,830.00 7,0209000.00 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 Pools 8.57 38.20 3/31/2024 3.830 26,553,035.11 26,553,035.11 26,553,035.11 N/A 1 LAIF City LGIP CITYLAIF3434 Investment Pools 13.12 58.49 2/28/2024 3.871 40,656,080.75 40,656,080.75 40,655,301.41 N/A 1 LAIF Housing LGIP HOUSINGLAIF3005 Investment Pools 0.74 3.31 2/28/2024 3.871 2,300,308.62 2,300,308.62 2,300,264.53 N/A 1 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 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 Investment Pool Money Market BMO B k O f BMO1851 OP Money Market an I pera ng Mutual Funds 5.54 53.44 3/31/2024 3.540 17,160,066.66 17,160,066.66 17,160,066.66 N/A MM TYCXX 20 % Trusts Not OPEB Trust MM OPEBTRUST Subject to 0.76 7.35 3/31/2024 2.730 2,358,622.81 2,358,622.81 2,358,622.81 N/A Policy PARS Pension Trust Trusts Not MM PARSTRUST Subject to Policy US Bank Custodian Money Market MM USB3000-FUZXX Mutual Funds 20 % US Bank Fiscal Agent Money Market MM USB4000-6000 Mutual Funds 20 % Sub Total / Average Money Market Negotiable Certificate Of Deposit Advantage Credit Union 00790UAE7 Certificate of IA4.45 7/31/2028 Deposits 130 Affinity Bank, NA GA 00833JAQ4 Certificate of 4.9 3/17/2028 Deposits 130 % Alabama Credit Union 5 01025RAG4 Certificate of 6/22/2026 Deposits 130 % All In FCU AL 4.4 Certificate of 12/20/2027 01664MAB2 Deposits 130 % Alliant Credit Union IL 5 01882MAC6 Certificate of 12/30/2027 Deposits 130 % Altaone FCU CA 4.45 02157RAA5 Certificate of 7/19/2029 Deposits 130 % Amer. Nat'l Bank of MN 02769QFW4 Certificate of 3.65 12/23/2030 Deposits 130 % Amerant Bank, NA FL 02357QAQ0 Certificate of 1.6 2/16/2027 Deposits 130 % American Express Nat'l 02589ADIi2 Certificate of Bank 3.45 7/27/2027 Deposits 130 % Austin Telco FCU TX 052392BT3 Certificate of 3.8 9/21/2027 Deposits 130 % Balboa Thrift & Loan 05765LBUO Certificate of 4.4 7/19/2028 Deposits 130 % Ballston Spa Nat'l Bank 058723AQO Certificate of NY 4.8 11/24/2026 Deposits 130 % Bank Five Nine WI 4.25 062119BT8 Certificate of 5/12/2028 Deposits 130 % Bank of the Sierra CA 064860MC0 Certificate of 4.6 3/15/2027 Deposits 130 % 2.14 20.68 3/31/2024 1.610 6,640,275.50 6,640,275.50 6,640,275.50 N/A 1.42 13.74 3/31/2024 3.560 4,412,680.23 4,412,680.23 4,412,680.23 N/A 0.50 4.80 3/31/2024 3.150 1,539,813.44 1,539,813.44 1,539,813.44 N/A 10.36 100.00 3.065 32,111,458.64 32,111,458.64 32,111,458.64 1 1 1 1 1 1 0.00 0.08 0.67 7/31/2024 4.450 249,000.00 249,000.00 252,555.72 7/31/2028 884 0.00 0.08 0.67 3/17/2023 4.900 248,000.00 248,000.00 253,198.08 3/17/2028 748 366.22 0.08 0.67 6/20/2023 5.000 248,000.00 248,000.00 249,041.60 6/22/2026 114 271.78 0.08 0.67 12/20/2022 4.400 248,000.00 248,000.00 250,522.16 12/20/2027 660 239.17 0.08 0.67 12/30/2022 5.000 247,000.00 247,000.00 252,132.66 12/30/2027 670 0.00 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 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 0.08 0.66 2/14/2022 1.600 245,000.00 245,000.00 240,038.75 2/16/2027 353 150.36 0.08 0.66 8/29/2022 3.450 245,000.00 245,000.00 243,828.90 7/27/2027 514 741.04 0.08 0.67 9/21/2022 3.800 248,000.00 248,000.00 248,027.28 9/21/2027 570 697.12 0.08 0.67 7/19/2023 4.400 248,000.00 248,000.00 255,963.28 7/19/2028 872 269.06 0.08 0.67 5/24/2024 4.800 248,000.00 248,000.00 249,899.68 11/24/2026 269 130.45 0.08 0.67 5/12/2023 4.250 248,000.00 248,000.00 250,172.48 5/12/2028 804 462.03 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 70 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 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 06644QAC5 Certificate of 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 2/17/2027 07371AYE7 Certificate of ° Deposits 130 /o 0.08 0.66 2/23/2022 1.900 245,000.00 245,000.00 240,727.20 2/17/2027 354 63.77 Beal Bank USA NV 1.9 073710E88 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 2/17/2027 Deposits 130 % Blue Ridge Bank, NA 09582YAF9 Certificate of 0.08 0.66 2/28/2023 4.200 244,000.00 244,000.00 245,517.68 2/28/2028 730 0.00 VA 4.2 2/28/2028 Deposits 130 % BMW Bank North Certificate of America 4 11/23/2027 05612LFA5 ° Deposits 130 /o 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 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 6/24/2030 09776DAV6 Certificate of ° Deposits 130 /o 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 Bridgewater Bank MN 108622NJ6 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 Deposits 130 % Capital One, NA 1.1 14042RQBO 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 4.55 7/5/2029 ° Deposits 130 /o Carter FCU LA 0.75 4/27/2026 14622LAAO Certificate of ° Deposits 130 /° 0.08 0.67 4/27/2021 0.750 248,000.00 248,000.00 246,836.88 4/27/2026 58 5.10 Celtic Bank UT 3.65 9/26/2029 15118RR33 Certificate of ° Deposits 130 /° 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 Central Bank AK 4 Certificate of 5/12/2028 152577BN1 ° Deposits 130 /o 0.08 0.67 5/12/2023 4.000 248,000.00 248,000.00 248,860.56 5/12/2028 804 434.85 cfsbank PA4.7 11/30/2027 12526AAM9 Certificate of ° Deposits 130 /° 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 Chartway FCU VA 4.9 16141 BAC5 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 12547CBJ6 Certificate of 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 1 30 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 /° ty Capital Bank Certificate of UT 2.65 4/14/2027 UT 2.6 20033A3A2 Deposits � 30 /o ° 0.08 0.67 4/14/2022 2.650 248,000.00 248,000.00 245,001.68 4/14/2027 410 252.08 ConnectOne Bank NJ 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 0.8 9/24/2026 ° 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 /° Cornerstone Comm. Certificate of FCU NY 3.7 10/1/2029 21923MAB7 Deposits 130 /o ° 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 County Schools FCU CA 4.4 9/30/2027 22258JAB7 Certificate of ° Deposits 130 /° 0.08 0.67 9/30/2022 4.400 248,000.00 248,000.00 250,284.08 9/30/2027 579 0.00 71 Description CUSIP/Ticker Asset Category % of Portfolio Group Percent Settlement Date YTM @ Cost Face Amount/Shares Cost Value Market Value Maturity Date Days To Maturity Accrued 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 Certificate of 9/29/2028 22537MAHO ° Deposits 130 /o 0.08 0.67 9/29/2025 3.600 248,000.00 248,000.00 246,546.72 9/29/2028 944 0.00 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 6/14/2028 23204HPB8 Certificate of ° Deposits 130 /o 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 Cy -Fair FCU TX 4.5 23248UAB3 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 Deposits 130 % Direct FCU MA4.8 11/8/2027 25460FDW3 Certificate of ° Deposits 130 /° 0.08 0.67 11/7/2022 4.800 248,000.00 248,000.00 252,074.64 11/8/2027 618 684.89 Dort Financial Credit Certificate of Union MI 4.5 25844MAK4 Deposits 1 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 4/16/2030 ° Deposits 130 /o 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 11/15/2028 ° Deposits 130 /o Enterprise Bank PA4.6 Certificate of 6/7/2029 29367RND4 ° Deposits 130 /o 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 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 Company 4.2 8/30/2027 303117DN2 Certificate of ° Deposits 130 /o 0.08 0.67 2/28/2025 4.200 248,000.00 248,000.00 249,450.80 8/30/2027 548 0.00 Farmers & Merchants Certificate of Bank of Colby 4.4 30781JBU3 Deposits 1 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 31617CAV5 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 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 13C /° First Bank Elk River MN Certificate of 4.4 6/30/2028 31911 KAK4 ° Deposits 130 /o 0.08 0.67 6/30/2023 4.400 248,000.00 248,000.00 254,572.00 6/30/2028 853 0.00 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 1 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 SPCO TX 4.35 78472EABO Deposits 1 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 34520LATO 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 Certificate of 5/11/2026 35089LAFO ° Deposits 130 /o 0.08 0.67 5/10/2023 4.550 248,000.00 248,000.00 248,443.92 5/11/2026 72 556.47 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 CUSIP/Ticker Asset Category % of Portfolio Group Percent Settlement Date YTM @ Cost Face Amount/Shares Cost Value 12/28/2026 Global FCU f/k/a Alaska 011852AEO Certificate of 0.08 0.67 3/8/2023 4.600 248,000.00 248,000.00 USA AK 4.6 3/8/2028 ° Deposits 130 /o Golden State Bank CA 38120MCA2 Certificate of 0.08 0.67 6/22/2023 4.450 249,000.00 249,000.00 4.45 6/22/2027 Deposits 130 /o o Goldman Sachs Bank 38149MXK4 Certificate of 0.08 0.67 7/28/2021 1.000 248,000.00 248,000.00 USA 1 7/28/2026 ° Deposits 130 /o Greenstate Credit 39573LBC1 Certificate of Deposits ° 0.08 0.67 4/16/2021 0.950 249,000.00 249,000.00 Union IA 0.95 4/16/2026 130 /o Gulf Coast Bank New Certificate of Orleans LA 3.6 402194GQ1 Deposits 1 30 % 0.08 0.66 10/29/2025 3.600 245,000.00 245,000.00 10/29/2030 Healthcare Systems 42228LAN1 Certificate of 0.08 0.67 10/27/2023 5.100 248,000.00 248,000.00 FCU VA 5.1 10/27/2028 Deposits 130 % Ideal Credit Union MN 4.5 12/29/2027 45157PAZ3 Certificate of ° Deposits 130 /o 0.08 0.67 12/29/2022 4.500 248,000.00 248,000.00 Inst. for Savings Certificate of of Newburyport MA 3.65 45780PDK8 Deposits e % 0.08 0.67 10/28/2025 3.650 248,000.00 248,000.00 10/28/2030 Jeep Country FCU OH Certificate of 4.7 6/29/2027 472312AA5 ° Deposits 130 /o 0.08 0.67 6/29/2023 4.700 248,000.00 248,000.00 Knoxville TVA Certificate of Employees Credit 499724AP7 Deposits 130 % 0.08 0.67 8/25/2023 4.850 248,000.00 248,000.00 Union 4.85 8/25/202 Lafayette FCU MD 4.1 3/28/2029 50625LCA9 Certificate of ° Deposits 130 /o 0.08 0.67 3/28/2025 4.100 248,000.00 248,000.00 Latino Community Certificate of Credit Union NC 4.5 51828MAC8 Deposits 1 30 % 0.08 0.67 12/21/2022 4.500 248,000.00 248,000.00 12/21 /2027 Leaders Credit Union 52171 MAM7 Certificate of 0.08 0.67 10/30/2023 5.100 248,000.00 248,000.00 TN 5.1 10/30/2028 Deposits 130 /o o Legacy Bank & Trust 52470QEC4 Certificate of 0.08 0.67 9/27/2023 4.500 248,000.00 248,000.00 Co. MO 4.5 9/27/2028 ° Deposits 130 /o Legends Bank TN 3.75 52465JKLO Certificate of 0.08 0.67 9/11/2024 3.750 248,000.00 248,000.00 9/11/2028 Deposits 130 /o o Liberty First Credit 530520AH8 Certificate of 0.08 0.67 2/21/2023 4.500 248,000.00 248,000.00 Union NE 4.5 2/22/2028 ° Deposits 130 /o M1 Bank, Clayton MO 55316CEA0 Certificate of 0.08 0.66 2/18/2026 3.700 245,000.00 245,000.00 3.7 2/18/2028 Deposits 130 % Maine Community Bank 560390DC7 Certificate of 0.08 0.67 8/30/2024 3.750 248,000.00 248,000.00 3.75 8/30/2027 ° Deposits 130 /o Maine Savings FCU 4.8 560507AQ8 Certificate of 0.08 0.67 7/21/2023 4.800 248,000.00 248,000.00 7/21/2028 ° Deposits 130 /o Malaga Bank, FSB CA 56102ACC8 Certificate of 0.08 0.67 10/24/2025 3.600 248,000.00 248,000.00 3.6 10/24/2030 Deposits 130 /o o Marathon Bank WI 1.8 565819AG4 Certificate of 0.08 0.67 3/16/2022 1.800 248,000.00 248,000.00 3/16/2027 ° Deposits 130 /o Marine FCU NC 4 8/31/2026 56824JBC7 Certificate of ° Deposits 130 /o 0.08 0.67 8/30/2024 4.000 248,000.00 248,000.00 Maturity Days To Accrued Market Value Date Maturity Interest 251,682.80 3/8/2028 739 625.10 251,191.20 6/22/2027 479 182.15 245,061.20 7/28/2026 150 210.63 248,096.13 4/16/2026 47 174.98 241,486.70 10/29/2030 1,704 2,948.05 255,928.56 10/27/2028 972 34.65 251,005.76 12/29/2027 669 825.53 244,981.84 10/28/2030 1,703 0.00 250,956.16 6/29/2027 486 0.00 254,021.44 8/25/2028 909 889.74 249,877.36 3/28/2029 1,124 0.00 250,958.64 12/21/2027 661 214.03 256,032.72 10/30/2028 975 0.00 252,030.00 9/27/2028 942 30.58 247,518.88 9/11/2028 926 433.15 251,119.84 2/22/2028 724 825.53 244,291.95 2/18/2028 720 248.36 247,843.76 8/30/2027 548 0.00 253,493.20 7/21/2028 874 228.30 244,545.36 10/24/2030 1,699 97.84 243,054.88 3/16/2027 381 146.76 248,302.56 8/31/2026 184 0.00 73 Description CUSIP/Ticker Asset Category % of Portfolio Group Percent Settlement Date YTM @ Cost Face Amount/Shares Cost Value Market Value Maturity Date Days To Maturity Accrued Interest Medallion Bank UT 4.85 58404DTP6 Certificate of 0.08 0.67 10/20/2023 4.850 248,000.00 248,000.00 257,600.08 10/20/2028 965 263.63 10/20/2028 ° Deposits 130 /° Merrick Bank UT 1.1 Certificate of 11/9/2026 59013KPNO Deposits 130 /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 Metro Credit Union MA 59161YAP1 Certificate of 0.08 0.67 2/18/2022 1.700 249,000.00 249,000.00 244,134.54 2/18/2027 355 313.13 1.7 2/18/2027 ° Deposits 130 /° Mid Carolina Credit Certificate of Union SC 4.85 59524LAA4 Deposits 30 % 0.08 0.67 3/13/2023 4.850 248,000.00 248,000.00 248,183.52 3/13/2026 13 494.30 3/13/2026 Milestone Bk f/k/a LCA 501798RP9 Certificate of 0.08 0.67 12/27/2021 1.000 248,000.00 248,000.00 245,748.16 6/26/2026 118 428.05 UT 1 6/26/2026 ° Deposits 130 /o Minnwest Bank MN 60425SKB4 Certificate of 0.08 0.67 5/1/2023 4.250 248,000.00 248,000.00 249,435.92 5/3/2027 429 779.67 4.25 5/3/2027 Deposits 130 % Money One FCU MD 5 60936TAL3 Certificate of 0.08 0.67 9/14/2023 5.000 248,000.00 248,000.00 255,030.80 9/14/2028 929 475.62 9/14/2028 ° Deposits 130 /° Morgan Stanley Bank, Certificate of NA 4.25 3/5/2030 61690DT40 ° Deposits 130 /o 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 Morgan Stanley Private 61776NMT7 Certificate of 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 Bank 4.25 3/5/2030 ° Deposits 130 /° Mountain American 62384RAT3 Certificate of 0.08 0.67 4/28/2023 4.700 248,000.00 248,000.00 248,436.48 4/28/2026 59 862.22 FCU 4.7 4/28/2026 Deposits 130 /o ° MVB Bank, Inc. WV Certificate of 4.05 2/1/2028 62847NEP7 ° Deposits 130 /o 0.08 0.67 8/1/2024 4.050 248,000.00 248,000.00 249,006.88 2/1/2028 703 742.98 Nelnet Bank UT 1.8 64034KAZ4 Certificate of 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 3/2/2026 ° Deposits 130 /° Northpointe Bank MI 4.85 10/20/2028 666613MK7 Certificate of ° Deposits 130 /o 0.08 0.67 10/20/2023 4.850 248,000.00 248,000.00 254,368.64 10/20/2028 965 263.63 Numerica CU 4.15 67054NBT9 Certificate of 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 11/26/2029 Deposits 1 30 Oklahoma Educators 67885MAEO Certificate of 0.08 0.67 10/3/2025 3.650 248,000.00 248,000.00 247,437.04 10/4/2027 583 620.00 CU 3.65 10/4/2027 ° Deposits 130 /° Optum Bank, Inc UT 4 Certificate of 4/29/2030 68405VDD8 ° Deposits 130 /o 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 Oregon Community Certificate of Credit Union 4.85 68584JAT6 Deposits 30 % 0.08 0.67 6/7/2024 4.850 248,000.00 248,000.00 251,365.36 6/7/2027 464 692.02 6/7/2027 Pacific Crest Savings Bank WA 3.9 8/16/2029 69417ADA4 Certificate of ° Deposits 130 /° 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 Parkside Financial B&T 70147AGA6 Certificate of 0.08 0.67 9/13/2024 3.750 248,000.00 248,000.00 247,518.88 9/13/2028 928 382.19 MO 3.75 9/13/2028 Deposits 130 ° Partners Bank of Certificate of California 4.15 70212YBY7 Deposits 130 % 0.08 0.66 2/27/2025 4.150 244,000.00 244,000.00 245,234.64 8/27/2027 545 27.74 8/27/2027 Peoples Exchange 71104AAS2 Certificate of 0.08 0.67 8/9/2024 4.150 248,000.00 248,000.00 249,294.56 8/9/2027 527 535.75 Bank KY 4.15 8/9/2027 ° Deposits 130 /o Ponce Bank NY 3.5 9/15/2027 732329BD8 Certificate of ° Deposits 130 /° 0.08 0.67 9/15/2022 3.500 248,000.00 248,000.00 246,916.24 9/15/2027 564 309.15 Prevail Bank WI 4.25 1/24/2028 887171AB2 Certificate of ° Deposits 130 /o 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 Description CUSIP/Ticker Asset Category % of Portfolio Group Percent Settlement Date YTM @ Cost Face Amount/Shares Cost Value Market Value Maturity Date Days To Maturity Accrued Interest RiverWood Bank MN 76951DBZ2 Certificate of 0.08 0.67 9/11/2024 3.850 248,000.00 248,000.00 248,295.12 3/11/2027 376 444.70 3.85 3/11/2027 ° Deposits 130 /° Rize FCU f/k/a SCE CA Certificate of 4.7 6/20/2029 78413RAV9 ° Deposits 130 /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 Rockland FCU MA4.6 77357DADO Certificate of 0.08 0.67 12/22/2023 4.600 248,000.00 248,000.00 249,708.72 12/22/2026 297 187.53 12/22/2026 ° Deposits 130 /° Safra Nat'l Bank NY 24773RCR4 Certificate of 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 f/k/a/ Delta Nat'l 2 2 ° Deposits 13C /o Sallie Mae 3.9 795451 EE9 Certificate of 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 0.08 0.67 2/3/2023 4.350 248,000.00 248,000.00 250,390.72 2/3/2028 705 738.90 4.35 2/3/2028 ° Deposits 1 30 /° Signature FCU VA4.4 Certificate of 1/31/2028 82671DAB3 ° Deposits 130 /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 SkyOne FCU CA 3.9 83088XAR9 Certificate of 0.08 0.67 10/25/2024 3.900 248,000.00 248,000.00 248,448.88 10/25/2028 970 79.50 10/25/2028 ° Deposits 130 /° SNB Bank, NA OK 4.1 8/14/2028 78470MBS6 Certificate of ° Deposits 130 /° 0.08 0.67 8/14/2024 4.100 248,000.00 248,000.00 249,562.40 8/14/2028 898 390.01 Sound Credit Union WA Certificate of 4.15 6/2/2028 83616HAH7 ° Deposits 130 /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 Southern Bank MO 4.2 843383CS7 Certificate of 0.08 0.67 5/17/2023 4.200 248,000.00 248,000.00 249,922.00 5/17/2028 809 313.91 5/17/2028 ° Deposits 130 /° Southern Bank of TN 84229QAC5 Certificate of 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 4.35 7/12/2029 ° Deposits 130 /o Southern States Bank 843879GS0 Certificate of 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 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 8/27/2030 ° Deposits 130 /° St. Vincent's Medical Certificate of Center FCU 4.6 85279AAC6 Deposits 1 30 % 0.08 0.67 6/16/2023 4.600 248,000.00 248,000.00 250,633.76 6/16/2027 473 375.06 6/16/2027 Stearns Bank, NA MN 857894Q51 Certificate of 0.08 0.66 8/8/2024 4.200 244,000.00 244,000.00 245,378.60 8/9/2027 527 561.53 4.2 8/9/2027 ° Deposits 130 /o Sunwest Bank 3.55 9/28/2029 86804DDGO Certificate of ° Deposits 130 /° 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 9/3/20Synch6 Bank 0.9 9/3/2026 87165ET98 Certificate of ° Deposits � 30 /° 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 Technology Credit 87868YAQ6 Certificate of 0.08 0.67 5/30/2023 5.000 248,000.00 248,000.00 248,843.20 5/29/2026 90 917.26 Union CA 5 5/29/2026 ° Deposits 130 /o Texas Exchange Bank 88241TSW1 Certificate of 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 3.7 9/6/2029 ° Deposits 130 /° The Genoa Banking Co. 372348DJ8 Certificate of 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 4.6 11/28/2028 Deposits 130 /o ° State The WI Bank WI 397417AQ9 Certificate of Deposits OX 0.08 0.67 5/17/2022 3.050 248,000.00 248,000.00 245,916.80 5/17/2027 443 227.96 3.05 5/17/2027 3.05 5/1 � 30 The Pitney Bowes Certificate of Bank, Inc UT 4.35 724468AC7 Deposits 1 30 % 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 4/13/2028 75 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 Third Federal Savings & 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 Loan 3.3 8/19/2027 ° Deposits 130 /° Toyota Financial Certificate of Savings Bank NV 0.9 89235MKY6 Deposits 130 % 0.08 0.66 4/22/2021 0.900 245,000.00 245,000.00 243,939.15 4/22/2026 53 779.30 4/22/2026 True Sky FCU 1.6 Certificate of 2/4/2027 89786MAF1 ° Deposits 130 /o 0.08 0.66 2/4/2022 1.600 245,000.00 245,000.00 240,156.35 2/4/2027 341 257.75 Truliant FCU NC 4.7 9/10/2027 89789AAG2 Certificate of ° Deposits 130 /° 0.08 0.67 3/10/2023 4.700 248,000.00 248,000.00 251,365.36 9/10/2027 559 574.82 Tuscon FCU AZ 5 9/8/20 9/8/2028 898812AC6 Certificate of Deposits � 30 /o ° 0.08 0.67 9/8/2023 5.000 248,000.00 248,000.00 254,983.68 9/8/2028 923 679.45 UBS Bank USA UT 4.9 90355GHG4 Certificate of 0.08 0.67 10/25/2023 4.900 248,000.00 248,000.00 254,713.36 10/25/2028 970 99.88 10/25/2028 Deposits 130 % United Bankers' Bank 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 MN 3.6 2/20/2030 ° 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 fsb IN 4.5 6/29/2028 ° Deposits 130 /o United Roosevelt Certificate of of Savings Bank NJ 1.9 91139LAB2 Deposits e % 0.08 0.67 3/11/2022 1.900 248,000.00 248,000.00 243,374.80 3/11/2027 376 219.46 3/11 /2027 United Teletech FCU NJ 913065ADO Certificate of 0.08 0.67 11/8/2023 5.100 248,000.00 248,000.00 253,265.04 11/8/2027 618 693.04 5.1 11/8/2027 Deposits 130 % University Bank MI 4.2 11/30/2027 914098DJ4 Certificate of ° Deposits 130 /° 0.08 0.67 11/30/2022 4.200 249,000.00 249,000.00 250,606.05 11/30/2027 640 0.00 Univest Bank & Trust Certificate of Co. PA 4.35 5/12/2028 91527PBY2 ° Deposits 130 /o 0.08 0.67 5/12/2023 4.350 248,000.00 248,000.00 250,695.76 5/12/2028 804 472.90 USAlliance Financial 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 FCU NY 4.55 5/26/2028 ° Deposits 13C /° Utah First FCU 5 7/21/2028 91739JAB1 Certificate of ° Deposits 130 /o 0.08 0.66 7/21/2023 5.000 245,000.00 245,000.00 251,548.85 7/21/2028 874 234.93 Valley National Bank NJ 919853LV1 Certificate of 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 4.95 5/29/2026 Deposits 130 % Valleystar Credit Union 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 VA 5.2 11/8/2028 Deposits 130 % Vibrant Credit Union IL Certificate of 0.8 6/30/2026 92559TAJ7 ° Deposits 130 /o 0.08 0.67 7/2/2021 0.851 249,000.00 248,377.50 246,529.92 6/30/2026 122 147.35 VisionBank MN 4.05 5/12/2028 92834ABT2 Certificate of ° Deposits 13C /° 0.08 0.67 5/12/2023 4.050 248,000.00 248,000.00 249,123.44 5/12/2028 804 440.28 VyStar Credit Union FL 92891CCZ3 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 4.55 3/10/2028 ° Deposits 130 /° Washington Financial Certificate of Bank PA4.5 5/31/2029 93883MBA5 ° Deposits 130 /o 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 Workers FCU MA 5.2 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 10/30/2028 ° Deposits 130 /° Sub Total / Average Negotiable Certificate 11.97 100.00 3.874 37,095,000.00 37,094,377.50 37,308,948.19 722 106,322.16 Of Deposit Treasury Note 76 Description CUSIP/Ticker Asset Category % of Portfolio Group Percent Settlement Date YTM @ Cost Face Amount/Shares Cost Value Market Value Maturity Date Days To Maturity Accrued Interest T-Note 0.625 7/31/2026 91282CCP4 US Treasury 100 % 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 T-Note 0.75 3/31/2026 91282CBT7 US Treasury 100 /o 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 T-Note 0.75 3/31/2026 91282CBT7 US Treasury 100 /o 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 T-Note 0.75 5/31/2026 91282CCF6 US Treasury 100 /o 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 T-Note 0.75 5/31/2026 91282CCF6 US Treasury 100 /o 0.16 0.66 6/17/2021 0.870 500,000.00 497,095.00 496,360.00 5/31/2026 92 927.20 T-Note 0.75 8/31/2026 91282CCW9 US Treasury 100 % 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 T-Note 0.75 8/31/2026 91282CCW9 US Treasury 100 /o 0.16 0.66 3/22/2022 2.350 500,000.00 466,454.17 492,920.00 8/31/2026 184 0.00 T-Note 1.125 91282CDG3 USTreasury0.16 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 USTreasury0.32 100 /o 1.33 2/10/2022 1.781 1,000,000.00 986,700.00 981,660.00 1/31/2027 337 1,160.22 US Treasury T-Note 1.875 7/31/2026 912828Y95 /o 100 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 T-Note 2.25 8/15/2027 9128282RO US Treasury /o 100 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 T-Note 2.375 4/30/2026 9128286S4 US Treasury 100 /o 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 T-Note 2.375 5/15/2027 912828X88 US Treasury 100 /o 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 T-Note 2.5 3/31/2027 91282CEF4 US Treasury 100 % 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 T-Note 2.625 2/15/2029 9128286131 US Treasury 100 /o 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 T-Note 2.625 5/31/2027 91282CET4 US Treasury 100 /o 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 T-Note 2.625 5/31/2027 91282CET4 US Treasury 100 /o 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 T-Note 2.75 4/30/2027 91282CEN7 US Treasury 100 /o 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 T-Note 2.75 7/31/2027 91282CFB2 US Treasury 100 /o 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 T-Note 2.75 7/31/2027 91282CFB2 US Treasury 100 /o 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 T-Note 2.875 4/30/2029 91282CEM9 US Treasury 100 /o 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 T-Note 3.125 11 /15/2028 9128285M8 US Treasury 100 % 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 T-Note 3.125 8/31/2027 91282CFH9 US Treasury 100 /o 0.16 0.66 1/24/2023 3.640 500,000.00 489,175.00 497,715.00 8/31/2027 549 0.00 T-Note 3.25 6/30/2027 91282CEW7 US Treasury 100 /o 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 77 Description CUSIP/Ticker Asset Category % of Portfolio Group Percent Settlement Date YTM @ Cost Face Amount/Shares Cost Value Market Value Maturity Date Days To Maturity Accrued Interest T-Note 3.5 1/31/2028 91282CGH8 US Treasury 100 % 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 T-Note 3.5 1/31/2028 91282CGH8 US Treasury 100 /o 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 T-Note 3.5 1/31/2030 91282CGJ4 US Treasury 100 /o 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 T-Note 3.5 10/15/2028 91282CPC9 US Treasury 100 /o 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 T-Note 3.5 11/30/2030 91282CPN5 US Treasury 100 /o 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 T-Note 3.5 4/30/2028 91282CHA2 US Treasury 100 % 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 T-Note 3.5 4/30/2028 91282CHA2 US Treasury 100 /o 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 T-Note 3.5 9/30/2029 91282CLN9 US Treasury 100 /o 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 T-Note 3.625 10/31 /2030 91282CPD7 US Treasury 100 % 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 T-Note12/31/ 030 12/31 /2030 g1282CPR6 10 Treasury 100 /o 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 T-Note 3.625 3/31/2028 91282CGT2 US Treasury 1 100 /o 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 T-Note 3.625 3/31/2028 91282CGT2 US Treasury 100 /o 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 T-Note 3.625 3/31/2028 91282CGT2 US Treasury 100 /o 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 T-Note 3.625 5/31/2028 91282CHE4 US Treasury 100 % 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 T-Note 3.625 8/31/2029 91282CLK5 US Treasury 100 /o 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 T-Note 3.625 8/31/2030 91282CNX5 US Treasury 100 /o 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 T-Note 3.625 9/30/2030 91282CPA3 US Treasury 100 /o 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 T-Note 3.75 1/31/2031 91282CPW5 US Treasury 100 /o 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 T-Note 3.75 12/31/2028 91282CJR3 US Treasury 100 /o 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 T-Note 3.75 12/31/2028 91282CJR3 US Treasury 100 /o 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 T-Note 3.75 12/31/2030 91282CJQ5 US Treasury 100 /o 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 T-Note 3.75 4/15/2028 91282CMW8 US Treasury 100 % 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 T-Note 3.75 5/31/2030 91282CHF1 US Treasury 100 /o 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 T-Note 3.75 6/30/2030 91282CHJ3 US Treasury 100 /o 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 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 11/30/2029 91282CFY2 US Treasury 100 /o 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 T-Note 3.875 4/30/2030 91282CMZ1 US Treasury 100 /o 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 T-Note 3.875 7/15/2028 91282CNM9 US Treasury 100 /o 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 T-Note 3.875 7/31/2030 91282CNN7 US Treasury 100 /o 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 T-Note 3.875 9/30/2029 91282CFLO US Treasury 100 /o 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 T-Note 4 1/15/2027 91282CJT9 US Treasury 100 /o 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 T-Note 4 10/31/2029 91282CFT3 US Treasury 100 /o 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 T-Note 4 2/28/2030 91282CGQ8 US Treasury 100 /o 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 T-Note 4 3/31/2030 91282CMU2 US Treasury 100 /o 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 T-Note 4 5/31/2030 91282CNG2 US Treasury 100 /o 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 T-Note 4 7/31/2029 91282CLC3 US Treasury 1 100 /o 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 T-Note 4 7/31/2030 91282CHR5 US Treasury 100 /o 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 T-Note 4.125 91282CFU0 US Treasury 0.24 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 100 % T-Note4.125 91282CFUO US Treasury 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 11/30/2029 029 91282CMA6 Treasury 10 100 % 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 T-Note 4.125 3/31/2029 91282CKG5 US Treasury 100 /o 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 T-Note 4.125 6/15/2026 91282CHH7 US Treasury 100 /o 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 T-Note 4.125 9/30/2027 91282CFM8 US Treasury 100 /o 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 T-Note 4.25 1/31/2030 91282CMG3 US Treasury 100 /o 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 T-Note 4.25 6/30/2029 91282CKX8 US Treasury 100 /o 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 T-Note 4.375 12/31/2029 91282CMD0 US Treasury 100 % 0.48 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 T-Note 4.5 5/31/2029 91282CKT7 US Treasury 100 /o 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 Sub Total /Average Treasury Note 24.28 100.00 3.679 75,250,000.00 74,315,344.01 75,681,267.50 1,028 547,519.23 Total / Average 100 3.683 309,916,550.06 308,799,611.62 310,872,881.32 559 2,059,729.45 79 tev QaLtra l:ALIFOR\IA 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 56,638,622.81 56,638,622.81 56,638,622.81 18.85 3.94 46 CERBT OPEB Trust 2,367,190.06 2,367,190.06 2,367,190.06 0.79 -4.34 1 Fiscal Agent - Debt Service 5,864.92 5,864.92 5,864.92 0.00 3.13 1 Fixed Income Investments 180,552,000.00 180,139,028.42 180,114,453.26 59.96 3.72 966 Housing Authority - LQPR 254,955.13 254,955.13 254,955.13 0.08 0.00 1 Housing Authority - DPME 1,521,724.44 1,521,724.44 1,521,724.44 0.51 0.00 1 Housing Authority - LAIF 2,300,308.62 2,300,264.53 2,300,308.62 0.77 3.83 1 LAIF 40,656,080.75 40,655,301.41 40,656,080.75 13.53 3.83 1 Money Market at Custodian 1,101,108.44 1,101,108.44 1,101,108.44 0.37 3.55 1 Operating Funds 9,008,720.14 9,008,720.14 9,008,720.14 3.00 3.52 1 PARS Pension Trust 6,435,636.70 6,435,636.70 6,435,636.70 2.14 -3.03 1 Total / Average 300,842,212.01 300,428,417.00 300,404,665.27 100.00 3.54 588 5/7/2026 Claudia Martinez, Finance Director/City Treasurer Date 0 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 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 Cash Checking BMO Bank I LQ Palms Realty Cash LQPR1935 Savings Sweep 0.08 14.32 3/31/2024 0.000 254,955.13 254,955.13 254,955.13 N/A 1 Accounts Checking BMOst Dune Palms Cash Cash DPME4741-3599 Savings Sweep 0.51 85.49 3/31/2024 0.000 1,521,724.44 1,521,724.44 1,521,724.44 N/A 1 Accounts Checking City of La Quinta Cash PETTYCASH Savings Sweep 0.00 0.19 3/31/2024 0.000 3,300.00 3,300.00 3,300.00 N/A 1 Accounts Sub Total / Average Cash 0.59 100.00 0.000 1,779,979.67 1,779,979.57 1,779,979.67 1 0.00 Corporate Bond Alphabet, Inc4.1 11/15/2030 02079KAW7 Corporate a Notes 130 /o 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 4.73/14/2Blackrock Funding Inc 4.7 3/14/2029-29 09290DAA9 Corporate a Notes � 30 /o 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 Guardian Life4.4 12/11/2030 40139LBP7 Corporate Notes 130 % 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 Walmart Inc 3.7 6/26/2028-28 931142EE9 Corporate a Notes 130 /o 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 1.33 100.00 4.254 4,000,000.00 3,994,670.00 3,995,680.00 1,326 41,941.66 FFCB Bond FFCB 0.71 8/10/2026 3133EM2C5 1 SOAgency 0.17 1.89 8/10/2021 0.792 500,000.00 498,000.00 494,465.00 8/10/2026 132 502.92 FFCB 0.8 9/10/2026 3133EM4X7 US Agency 100 /o 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 FFCB 1.27 11/2/2026 3133ENCQ1 US Agency 100 /o 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 FFCB 3.375 9/15/2027 3133ENL99 US Agency 100 /o 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 FFCB 3.5 9/10/2029 3133ERSP7 US Agency 100 /o 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 Description CUSIP/Ticker Asset Category % of Portfolio Group Percent Settlement Date YTM @ Cost Face Amount/Shares Cost Value Market Value Maturity Date Days To Maturity Accrued Interest FFCB 3.75 12/7/2027 3133EN3S7 US Agency 1 100 /o 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 FFCB 3.75 8/14/2028 3133ETTJ6 US Agency 1 100 /o 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 FFCB 3.75 8/15/2029 3133ERPS4 US Agency 1 100 /o 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 FFCB 3.875 1/18/2029 3133EPW84 US Agency 1 100 /o 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 FFCB 3.875 1/18/2029 3133EPW84 US Agency 1 100 /o 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 FFCB 3.87510/15/2027 3133ERXJ5 USAgency l 100 /o 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 FFCB 3.87512/10/2027 3133ER6Q9 US Agency 1 100 /o 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 FFCB 3.875 2/14/2028 3133EPAV7 US Agency 1 100 /o 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 FFCB 3.875 6/8/2028 3133EPME2 USAgency 1 100 /o 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 FFCB 4 11/29/2027 3133EN31-11 USAgency 1 100 /o 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 FFCB 4 3/18/2030 3133ER71-9 USAgency 1 100 /o 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 FFCB 4 4/1/2030 3133ETBF3 USAgency 1 100 /o 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 FFCB 4 5/1/2030 3133ETFAO USAgency 1 100 /o 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 FFCB 4 6/17/2030 3133ETLM7 USAgency 1 100 /o 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 FFCB 4 9/29/2027 3133ENQ29 US Agency 1 100 /o 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 FFCB 4.125 12/17/2029 3133ERL41 USAgency 1 100 /o 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 FFCB 4.125 2/13/2029 3133EP3139 USAgency 1 100 /o 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 FFCB 4.25 7/17/2028 3133EPQDO USAgency 1 100 /o 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 FFCB 4.25 8/7/2028 3133EPSK2 US Agency 1 100 /o 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 FFCB 4.33 3/18/2030- 3133ER7E5 US Agency 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 /o FFCB 4.375 4/10/2029 3133ERAK7 USAgency 1 100 /o 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 FFCB 4.625 11/13/2028 3133EPC45 USAgency 1 100 /o 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 Sub Total / Average FFCB Bond 8.81 100.00 3.763 26,500,000.00 26,420,047.95 26,512,365.00 920 230,129.89 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 100 /o 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 FHLB 0.95 10/13/2026- US Agency 23 3130APB46 100 /o 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 FHLB 1 9/30/2026-22 3130APBM6 US Agency 100 /o 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 FHLB 1.2512/21/2026 313OAQF65 US Agency 100 /o 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 FHLB 1.5 1/27/2027-23 3130AQJR5 US Agency 100 /o 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 23 LB 1.83 2/10/2027- 3130AQSA2 1 SOAgency l 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 100 /o 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 FHLB 3.3 6/28/2027-24 3130ASDV8 US Agency 100 /o 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 FHLB 3.5 9/13/2030 3130AF2S5 US Agency 100 /o 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 FHLB 3.6510/21/2030- 313068CC4 US Agency 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 /o FHLB 3.781/9/2031-29 3130B93L2 US Agency 100 /o 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 FHLB 3.875 3/9/2029 3130AUW75 US Agency 100 /o 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 FHLB 4 10/5/2029-27 3130B35F6 US Agency 100 /o 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 FHLB 4 10/9/2026 3130133A29 USAgency) 100 /o 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 US Agency FHLB 4 7/30/2029-27 313067BU7 100 /o 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 FHLB 4.125 3/14/2031 3130AVJY9 US Agency 100 /o 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 27 LB 4.125 4/4/2030- 3130B5SX7 1 SOAgency 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 US Agency FHLB 4.125 9/14/2029 3130ATHX8 100 /o 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 FHLB 4.23/27/2030-28 31301351<80 US Agency 100 /o 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 FHLB 4.3 10/23/2029- 313063ES8 US Agency 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 /o FHLB 4.36/17/2030-27 3130136PN0 US Agency 100 /o 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 27 LB 4.45 2/12/2029- 3130AYXU5 SOAgency 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 1 FHLB 4.5 12/10/2029- US Agency 26 3130B46Y2 100 /o 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 4.65 1/14/2030- 3130B4LS8 SOAgency 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 28HLB ; 83 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 USAgency 1 100 /o 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 FHLB 5.044/23/2029- US Agency 27 3130614L8 100 /o 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 2 LB Step 11/24/2026- 3130APTV7 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 1 Sub Total /Average FHLB Bond 8.88 100.00 3.402 26,700,000.00 26,702,202.10 26,576,856.00 987 222,567.31 FHLMC Bond FHLMC 0.7 12/30/2026-21 3134GWUQ7 US Agency l 100 /o 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 FHLMC 0 10/28/2026-21 3134GW6C5 US Agency 10 100 /o 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 0.50 100.00 1.715 1,500,000.00 1,431,570.00 1,469,425.00 253 1,700.00 FNMA Bond FNMA 3.75 12/3/2030- 3136GC6X8 US Agency 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 27 100 /o FNMA45/6/2030-27 3136GAGH6 USAgency 1 100 /o 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 7/16/2030- 3136GAKH1 SAgency 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 2 ONMA4.125 1 FNMA4.157/28/2028- 3136GAKZ1 USAgency 1 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 26 100 /o FNMA 4.254/8/2030-27 3136GAF20 USAgency 1 100 /o 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 FNMA4.5 5/20/2030-26 3136GAHF9 US Agency 1 100 /o 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 1.99 100.00 4.129 6,000,000.00 5,999,950.00 5,976,920.00 1,434 81,057.64 FNMA Bond Guaranteed Investment Contract CAMP TERM 4.07 6/25/2026 CAMPTERM62526 Investment Pools 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 9.97 100.00 4.070 30,000,000.00 30,000,000.00 30,000,000.00 86 906,550.69 Investment Contract Local Government Investment Pool CAMP LGIP CAMP7001 Investment Pools 8.85 38.28 3/31/2024 3.800 26,638,622.81 26,638,622.81 26,638,622.81 N/A 1 LAIF City LGIP CITYLAIF3434 Investment Pools 13.51 58.42 2/28/2024 3.826 40,656,080.75 40,656,080.75 40,655,301.41 N/A 1 LAIF Housing LGIP HOUSINGLAIF3005 Investment Pools 0.76 3.31 2/28/2024 3.826 2,300,308.62 2,300,308.62 2,300,264.53 N/A 1 Sub Total / Average 23.13 100.00 3.816 69,595,012.18 69,595,012.18 69,594,188.75 1 0.00 Local Government 84 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 Investment Pool Money Market BMO B k O f BMO1851OP Money Market an I pera ng Mutual Funds 1 2.99 47.61 3/31/2024 3.520 9,005,420.14 9,005,420.14 9,005,420.14 N/A MM TYCXX 20 % Trusts Not OPEB Trust MM OPEBTRUST Subject to 0.79 12.51 3/31/2024 -4.340 2,367,190.06 2,367,190.06 2,367,190.06 N/A PARS Pension Trust MM US Bank Custodian MM US Bank Fiscal Agent MM PARSTRUST USB3000-FUZXX USB4000-6000 Policy Trusts Not Subject to Policy Money Market Mutual Funds 20 % Money Market Mutual Funds 20 % Sub Total / Average Money Market Negotiable Certificate Of Deposit Advantage Credit Union 00790UAE7 Certificate of IA4.45 7/31/2028 Deposits 130 % Affinity Bank, NA GA 00833JAQ4 Certificate of 4.9 3/17/2028 Deposits 130 % Alabama Credit Union 5 01025RAG4 Certificate of 6/22/2026 Deposits 130 % All In FCU AL 4.4 01664MAB2 Certificate of 12/20/2027 Deposits 130 % Alliant Credit Union IL 5 01882MAC6 Certificate of 12/30/2027 Deposits 130 % Altaone FCU CA 4.45 02157RAA5 Certificate of 7/19/2029 Deposits 130 % Amer. Nat'l Bank of MN 02769QFW4 Certificate of 3.65 12/23/2030 Deposits 130 % Amerant Bank, NA FL 02357QAQO Certificate of 1.6 2/16/2027 Deposits 130 % American Express Nat'l 02589ADH2 Certificate of Bank 3.45 7/27/2027 Deposits 130 % Austin Telco FCU TX 052392BT3 Certificate of 3.8 9/21/2027 Deposits 130 % Balboa Thrift & Loan 05765LBUO Certificate of 4.4 7/19/2028 Deposits 130 % Ballston Spa Nat'l Bank 058723AQO Certificate of NY 4.8 11/24/2026 Deposits 130 % Bank Five Nine WI 4.25 062119BT8 Certificate of 5/12/2028 Deposits 130 % Bank of the Sierra CA 064860MC0 Certificate of 4.6 3/15/2027 Deposits 130 % 2.14 34.02 3/31/2024 -3.030 6,435,636.70 6,435,636.70 6,435,636.70 N/A 0.37 5.82 3/31/2024 3.550 1,101,108.44 1,101,108.44 1,101,108.44 N/A 0.00 0.03 3/31/2024 3.130 5,864.92 5,864.92 5,864.92 N/A 6.29 100.00 0.309 18,915,220.26 18,915,220.26 18,915,220.26 1 1 1 1 1 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 Description 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 06644QAC5 Certificate of 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 2/17/2027 ° Deposits 130 /o Beal Bank USA NV 1.9 07371 CE88 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 2/17/2027 Deposits 130 % Blue Ridge Bank, NA 09582YAF9 Certificate of 0.08 0.67 2/28/2023 4.200 244,000.00 244,000.00 245,327.36 2/28/2028 699 870.38 VA 4.2 2/28/2028 Deposits 130 % BMW Bank North Certificate of America 4 11/23/2027 05612LFA5 ° Deposits 130 /o 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 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 6/24/2030 09776DAV6 Certificate of ° Deposits 130 /o 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 Bridgewater Bank MN 108622NJ6 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 Deposits 130 % Capital One, NA 1.1 14042RQBO 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 4.55 7/5/2029 ° Deposits 130 /o Carter FCU LA 0.75 14622LAA0 Certificate of 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 9/26/2029 15118RR33 Certificate of ° Deposits 130 /° 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 Central Bank AK 4 Certificate of 5/12/2028 152577BN1 ° Deposits 130 /o 0.08 0.68 5/12/2023 4.000 248,000.00 248,000.00 248,468.72 5/12/2028 773 516.38 cfsbank PA4.7 11/30/2027 12526AAM9 Certificate of Deposits 130 % 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 Chartway FCU VA 4.9 16141 BAC5 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 12547CBJ6 Certificate of 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 13C Civic FCU 3.65 9/26/2028 178808AF8 Certificate of ° Deposits 130 /° 0.08 0.68 9/26/2025 3.650 248,000.00 248,000.00 246,400.40 9/26/2028 910 124.00 ty Capital Bank Certificate of UT 2.65 4/14/2027 UT 2.6 20033A3A2 Deposits � 30 °/o 0.08 0.68 4/14/2022 2.650 248,000.00 248,000.00 244,880.16 4/14/2027 379 306.09 ConnectOne Bank NJ 20786ADL6 Certificate of 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 % Cornerstone Comm. Certificate of FCU NY 3.7 10/1/2029 21923MAB7 Deposits 130 °/o 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 County Schools FCU CA 4.4 9/30/2027 22258JAB7 Certificate of ° Deposits 13C /° 0.08 0.68 9/30/2022 4.400 248,000.00 248,000.00 249,817.84 9/30/2027 548 29.90 0 Description CUSIP/Ticker Asset Category % of Portfolio Group Percent Settlement Date YTM @ Cost Face Amount/Shares Cost Value Market Value Maturity Date Days To Maturity Accrued 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 Certificate of 9/29/2028 22537MAHO ° Deposits 130 /o 0.08 0.68 9/29/2025 3.600 248,000.00 248,000.00 246,097.84 9/29/2028 913 48.92 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 6/14/2028 ° Deposits 130 /o Cy -Fair FCU TX 4.5 23248UAB3 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 Deposits 130 % Direct FCU MA4.8 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 of Union MI 4.5 25844MAK4 Deposits a % 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 27002YHQ2 Certificate of 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 4/16/2030 ° Deposits 130 /o Eaglemark Savings 27004PCM3 Certificate of 0.08 0.67 3/2/2022 2.000 245,000.00 245,000.00 240,793.35 3/2/2027 336 389.32 Bank NV 2 3/2/2027 ° Deposits 130 /° Empower FCU NY 5.25 11/15/2028 291916AJ3 Certificate of ° Deposits 130 /° 0.08 0.67 11/15/2023 5.250 247,000.00 247,000.00 255,151.00 11/15/2028 960 746.08 Enterprise Bank PA4.6 Certificate of 6/7/2029 29367RND4 ° Deposits 130 /o 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 Evergreen Bank Group 300185LM5 Certificate of 0.08 0.68 1/27/2023 3.850 248,000.00 248,000.00 247,952.88 7/27/2026 118 104.64 IL 3.85 7/27/2026 Deposits 130 % Fahey Banking Company 4.2 8/30/2027 303117DN2 Certificate of ° Deposits 130 /o 0.08 0.68 2/28/2025 4.200 248,000.00 248,000.00 249,068.88 8/30/2027 517 85.61 Farmers & Merchants Certificate of Bank of Colby 4.4 30781JBU3 Deposits 1 30 % 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 7/5/2029 Fidelity Bank LA 0.7 31617CAV5 Certificate of 0.08 0.68 4/30/2021 0.700 248,000.00 248,000.00 247,347.76 4/30/2026 30 0.00 4/30/2026 Deposits 13C int Private B&T FT 31657FBA4 Certificate of 0.08 0.68 9/4/2024 4.000 248,000.00 248,000.00 248,106.64 9/4/2026 157 733.81 4 9/4/2026 CT 4 9/ Deposits 130, 30 First Bank Elk River MN Certificate of 4.4 6/30/2028 31911 KAK4 ° Deposits 130 /o 0.08 0.68 6/30/2023 4.400 248,000.00 248,000.00 253,929.68 6/30/2028 822 29.90 First Federal Savings 32021YEV1 Certificate of 0.08 0.68 2/9/2024 4.250 248,000.00 248,000.00 248,220.72 7/9/2026 100 635.29 IN 4.25 7/9/2026 ° Deposits 130 /° First Nat'l Bank of Certificate of America MI 3.75 32110YQ24 Deposits 1 30 % 0.08 0.68 10/30/2024 3.750 248,000.00 248,000.00 246,975.76 10/30/2028 944 25.48 10/30/2028 First Service CU f/k/a Certificate of of SPCOTX4.35 78472EABO Deposits a % 0.08 0.68 1/20/2023 4.350 249,000.00 249,000.00 250,949.67 1/20/2028 660 326.43 1 /20/2028 Forbright Bank MD 4.6 34520LATO Certificate of 0.08 0.68 11/2/2022 4.600 248,000.00 248,000.00 250,678.40 11/2/2027 581 906.39 11/2/2027 ° Deposits 130 /° Four Points FCU 4.55 Certificate of 5/11/2026 35089LAFO ° Deposits 130 /o 0.08 0.68 5/10/2023 4.550 248,000.00 248,000.00 248,161.20 5/11/2026 41 649.22 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 CUSIP/Ticker Asset Category % of Portfolio Group Percent Settlement Date YTM @ Cost Face Amount/Shares Cost Value 12/28/2026 Global FCU f/k/a Alaska 011852AEO Certificate of 0.08 0.68 3/8/2023 4.600 248,000.00 248,000.00 USA AK 4.6 3/8/2028 Deposits 130 % Golden State Bank CA 38120MCA2 Certificate of 0.08 0.68 6/22/2023 4.450 249,000.00 249,000.00 4.45 6/22/2027 Deposits 1301 °/o Goldman Sachs Bank 38149MXK4 Certificate of 0.08 0.68 7/28/2021 1.000 248,000.00 248,000.00 USA 1 7/28/2026 Deposits 130 % Greenstate Credit Certificate of Union IA 0.95 39573LBC1 Deposits 1 30 % 0.08 0.68 4/16/2021 0.950 249,000.00 249,000.00 4/16/2026 Gulf Coast Bank New Certificate of Orleans LA 3.6 402194GQ1 Deposits 1 30 % 0.08 0.67 10/29/2025 3.600 245,000.00 245,000.00 10/29/2030 Healthcare Systems FCU VA 5.1 10/27/2028 42228LAN1 Certificate of Deposits 130 % 0.08 0.68 10/27/2023 5.100 248,000.00 248,000.00 Ideal Credit Union MN Certificate of 4.5 12/29/2027 45157PAZ3 ° Deposits 130 /o 0.08 0.68 12/29/2022 4.500 248,000.00 248,000.00 Inst. for Savings Certificate of Newburyport MA 3.65 45780PDK8 Deposits 1 30 % 0.08 0.68 10/28/2025 3.650 248,000.00 248,000.00 10/28/2030 Jeep Country FCU OH 472312AA5 Certificate of 0.08 0.68 6/29/2023 4.700 248,000.00 248,000.00 4.7 6/29/2027 Deposits 130 Knoxville TVA Certificate of Employees Credit 499724AP7 Deposits 1 30 % 0.08 0.68 8/25/2023 4.850 248,000.00 248,000.00 Union 4.85 8/25/202 Lafayette FCU MD 4.1 50625LCA9 Certificate of 0.08 0.68 3/28/2025 4.100 248,000.00 248,000.00 3/28/2029 ° Deposits 130 /o Latino Community Certificate of Credit Union NC 4.5 51828MAC8 Deposits 1 30 % 0.08 0.68 12/21/2022 4.500 248,000.00 248,000.00 12/21 /2027 Leaders Credit Union 52171 MAM7 Certificate of 0.08 0.68 10/30/2023 5.100 248,000.00 248,000.00 TN 5.1 10/30/2028 Deposits 130 % Legacy Bank & Trust 52470QEC4 Certificate of 0.08 0.68 9/27/2023 4.500 248,000.00 248,000.00 Co. MO 4.5 9/27/2028 ° Deposits 130 /° Legends Bank TN 3.75 Certificate of 9/11/2028 52465JKLO ° Deposits 130 /o 0.08 0.68 9/11/2024 3.750 248,000.00 248,000.00 Liberty First Credit Union NE 4.5 2/22/2028 530520AH8 Certificate of ° Deposits 130 /° 0.08 0.68 2/21/2023 4.500 248,000.00 248,000.00 M1 Bank, Clayton MO 55316CEAO Certificate of 0.08 0.67 2/18/2026 3.700 245,000.00 245,000.00 3.7 2/18/2028 ° Deposits 130 /° Maine Community Bank 560390DC7 Certificate of 0.08 0.68 8/30/2024 3.750 248,000.00 248,000.00 3.75 8/30/2027 ° Deposits 130 /o Maine Savings FCU 4.8 560507AQ8 Certificate of 0.08 0.68 7/21/2023 4.800 248,000.00 248,000.00 7/21/2028 Deposits 130 % Malaga Bank, FSB CA 56102ACC8 Certificate of 0.08 0.68 10/24/2025 3.600 248,000.00 248,000.00 3.6 10/ 10/24/2030 Deposits � 30 °/o Marathon Bank WI 1.8 565819AG4 Certificate of 0.08 0.68 3/16/2022 1.800 248,000.00 248,000.00 3/16/2027 Deposits 130 % Marine FCU NC 4 56824JBC7 Certificate of 0.08 0.68 8/30/2024 4.000 248,000.00 248,000.00 8/31/2026 Deposits 130 % Maturity Days To Accrued Market Value Date Maturity Interest 251,226.48 3/8/2028 708 718.86 250,658.34 6/22/2027 448 273.22 245,611.76 7/28/2026 119 421.26 248,671.32 4/16/2026 16 194.42 240,670.85 10/29/2030 1,673 3,697.15 255,110.16 10/27/2028 941 138.61 250,534.56 12/29/2027 638 917.26 244,136.16 10/28/2030 1,672 74.40 250,427.92 6/29/2027 455 63.87 253,299.76 8/25/2028 878 988.60 249,086.24 3/28/2029 1,093 83.57 250,482.48 12/21/2027 630 305.75 255,187.04 10/30/2028 944 34.65 251,387.68 9/27/2028 911 122.30 247,012.96 9/11/2028 895 509.59 250,688.32 2/22/2028 693 917.26 244,108.20 2/18/2028 689 1,018.26 247,506.48 8/30/2027 517 25.48 252,831.04 7/21/2028 843 326.14 243,635.20 10/24/2030 1,668 171.22 243,139.20 3/16/2027 350 183.45 248,128.96 8/31/2026 153 27.18 88 Description CUSIP/Ticker Asset Category % of Portfolio Group Percent Settlement Date YTM @ Cost Face Amount/Shares Cost Value Market Value Maturity Date Days To Maturity Accrued Interest Medallion Bank UT 4.85 58404DTP6 Certificate of 0.08 0.68 10/20/2023 4.850 248,000.00 248,000.00 256,680.00 10/20/2028 934 362.49 10/20/2028 ° Deposits 130 /° Merrick Bank UT 1.1 Certificate of 11/9/2026 59013KPNO ° Deposits 130 /o 0.08 0.68 11/9/2021 1.100 249,000.00 249,000.00 244,866.60 11/9/2026 223 165.09 Metro Credit Union MA 59161YAP1 Certificate of 0.08 0.68 2/18/2022 1.700 249,000.00 249,000.00 244,278.96 2/18/2027 324 347.92 1.7 2/18/2027 ° Deposits 130 /° Milestone Bk f/k/a LCA 501798RP9 Certificate of 0.08 0.68 12/27/2021 1.000 248,000.00 248,000.00 246,296.24 6/26/2026 87 638.68 UT 1 6/26/2026 ° Deposits 130 /o Minnwest Bank MN 60425SKB4 Certificate of 0.08 0.68 5/1/2023 4.250 248,000.00 248,000.00 248,947.36 5/3/2027 398 866.30 4.25 5/3/2027 Deposits 130 % Money One FCU MD 5 60936TAL3 Certificate of 0.08 0.68 9/14/2023 5.000 248,000.00 248,000.00 254,244.64 9/14/2028 898 577.53 9/14/2028 ° Deposits 130 /° Morgan Stanley Bank, Certificate of NA 4.25 3/5/2030 61690DT40 ° Deposits 130 /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 Morgan Stanley Private 61776NMT7 Certificate of 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 Bank 4.25 3/5/2030 ° Deposits 130 /° Mountain American 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 FCU 4.7 4/28/2026 Deposits 130 % MVB Bank, Inc. WV Certificate of 4.05 2/1/2028 62847NEP7 ° Deposits 130 /o 0.08 0.68 8/1/2024 4.050 248,000.00 248,000.00 248,659.68 2/1/2028 672 825.53 Northpointe Bank MI 666613MK7 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 Deposits 130 % Numerics CU 4.15 11/26/2029 67054NBT9 Certificate of Deposits 130 °/o 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 Oklahoma Educators 67885MAEO 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 CU 3.65 10/4/2027 Deposits 130 % Optum Bank, Inc UT 4 4/29/2030 68405VDD8 Certificate of Deposits 130 % 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 Oregon Community Certificate of Credit Union 4.85 68584JAT6 Deposits 130 % 0.08 0.68 6/7/2024 4.850 248,000.00 248,000.00 250,742.88 6/7/2027 433 790.88 6/7/2027 Pacific Crest Savings Certificate of Bank WA 3.9 8/16/2029 69417ADA4 ° Deposits 130 /o 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 Parkside Financial B&T MO 3.75 9/13/2028 70147AGA6 Certificate of Deposits 130 IX 0.08 0.68 9/13/2024 3.750 248,000.00 248,000.00 247,008.00 9/13/2028 897 458.63 Partners Bank of Certificate of California 4.15 70212YBY7 Deposits 1 30 % 0.08 0.67 2/27/2025 4.150 244,000.00 244,000.00 244,841.80 8/27/2027 514 887.76 8/27/2027 Peoples Exchange 71104AAS2 Certificate of 0.08 0.68 8/9/2024 4.150 248,000.00 248,000.00 248,835.76 8/9/2027 496 620.34 Bank KY 4.15 8/9/2027 ° Deposits 130 /° Ponce Bank NY 3.5 Certificate of 9/15/2027 732329BD8 ° Deposits 130 /° 0.08 0.68 9/15/2022 3.500 248,000.00 248,000.00 246,616.16 9/15/2027 533 380.49 Prevail Bank WI 4.25 887171AB2 Certificate of 0.08 0.68 7/24/2024 4.250 249,000.00 249,000.00 250,526.37 1/24/2028 664 202.95 1/24/2028 ° Deposits 130 /° RiverWood Bank MN 3.85 3/11/2027 76951DBZ2 Certificate of ° Deposits 130 /o 0.08 0.68 9/11/2024 3.850 248,000.00 248,000.00 247,918.16 3/11/2027 345 523.18 Rize FCU f/k/a SCE CA 78413RAV9 Certificate of 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 4.7 6/20/2029 Deposits 130 % 99 Description CUSIP/Ticker Asset Category % of Portfolio Group Percent Settlement Date YTM @ Cost Face Amount/Shares Cost Value Market Value Maturity Date Days To Maturity Accrued Interest Rockland FCU MA4.6 77357DADO Certificate of 0.08 0.68 12/22/2023 4.600 248,000.00 248,000.00 249,299.52 12/22/2026 266 281.29 12/22/2026 ° Deposits 130 /° Safra Nat'l Bank NY 24773RCR4 Certificate of 0.08 0.67 3/9/2022 2.000 245,000.00 245,000.00 240,871.75 2/25/2027 331 295.34 f/k/a/ Delta Nat'l 2 2 ° Deposits 13C /o Sallie Mae 3.9 12/10/2030 795451EE9 Certificate of ° Deposits 130 /° 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 San Francisco FCU CA 79772FAG1 Certificate of 0.08 0.68 2/3/2023 4.350 248,000.00 248,000.00 249,979.04 2/3/2028 674 827.57 4.35 2/3/2028 Deposits 130 °/o Signature FCU VA4.4 82671DAB3 Certificate of 0.08 0.68 1/31/2023 4.400 248,000.00 248,000.00 250,219.60 1/31/2028 671 0.00 1/31/2028 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 % SNB Bank, NA OK 4.1 78470MBS6 Certificate of 0.08 0.68 8/14/2024 4.100 248,000.00 248,000.00 249,021.76 8/14/2028 867 473.58 8/14/2028 ° Deposits 130 /o Sound Credit Union WA 83616HAH7 Certificate of 0.08 0.68 6/2/2025 4.150 248,000.00 248,000.00 249,240.00 6/2/2028 794 817.72 4.15 6/2/2028 ° Deposits 130 /° Southern Bank MO 4.2 843383CS7 Certificate of 0.08 0.68 5/17/2023 4.200 248,000.00 248,000.00 249,478.08 5/17/2028 778 399.52 5/17/2028 ° Deposits 130 /° Southern Bank of TN 4.35 7/12/2029 84229QAC5 Certificate of ° Deposits 130 /o 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 Southern States Bank 843879GSO Certificate of 0.08 0.68 3/21/2025 4.150 248,000.00 248,000.00 248,297.60 9/21/2026 174 281.97 4.15 9/21/2026 ° Deposits 130 /° Spring Bank NY 3.7 849430DM2 Certificate of 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 8/27/2030 ° Deposits 130 /o St. Vincent's Medical Certificate of Center FCU 4.6 85279AAC6 Deposits 1 30 % 0.08 0.68 6/16/2023 4.600 248,000.00 248,000.00 250,068.32 6/16/2027 442 468.82 6/16/2027 Stearns Bank, NA MN 857894Q51 Certificate of 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 4.2 8/9/2027 Deposits 130 Sunwest Bank 3.55 86804DDGO Certificate of 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 9/28/2029 Deposits 130 % Synchrony Bank 0.9 Certificate of 9/3/2026 87165ET98 ° Deposits 130 /o 0.08 0.67 9/3/2021 0.900 245,000.00 245,000.00 241,898.30 9/3/2026 156 181.23 Technology Credit Union CA 5 5/29/2026 87868YAQ6 Certificate of Deposits 13C 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 Texas Exchange Bank 88241TSW1 Certificate of 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 3.7 9/6/2029 Deposits 130 % The Genoa Banking Certificate of Co. 4.6 11/28/2028 372348DJ8 ° Deposits 130 /° 0.08 0.68 11/28/2023 4.600 248,000.00 248,000.00 252,186.24 11/28/2028 973 93.76 The Greenwood's State Certificate of Bank WI 3.05 397417AQ9 Deposits 130 % 0.08 0.68 5/17/2022 3.050 248,000.00 248,000.00 245,701.04 5/17/2027 412 290.13 5/17/2027 The Pitney Bowes Certificate of Bank, Inc UT 4.35 724468AC7 Deposits 1 30 % 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 4/13/2028 Third Federal Savings & Loan 3.3 8/19/2027 88413QDN5 Certificate of Deposits 130 0.08 0.67 8/19/2022 3.300 245,000.00 245,000.00 243,042.45 8/19/2027 506 886.03 Toyota Financial Certificate of Savings Bank NV 0.9 89235MKY6 Deposits 1 30 % 0.08 0.67 4/22/2021 0.900 245,000.00 245,000.00 244,546.75 4/22/2026 22 966.58 4/22/2026 90 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 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 /° Truliant FCU NC 4.7 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 9/10/2027 ° Deposits 130 /o 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 13C /° UBS Bank USA UT 4.9 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 10/25/2028 ° Deposits 130 /o United Bankers' Bank 909557MF4 Certificate of 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 MN 3.6 2/20/2030 Deposits 130 % United Fidelity Bank, 910286GN7 Certificate of 0.08 0.68 6/29/2023 4.500 248,000.00 248,000.00 254,408.32 6/29/2028 821 61.15 fsb IN 4.5 6/29/2028 Deposits 130 % United Roosevelt Certificate of of Savings Bank NJ 1.9 91139LAB2 Deposits a % 0.08 0.68 3/11/2022 1.900 248,000.00 248,000.00 243,441.76 3/11/2027 345 258.19 3/11 /2027 United Teletech FCU Certificate of NJ 5.1 11/8/2027 913065ADO ° Deposits 130 /o 0.08 0.68 11/8/2023 5.100 248,000.00 248,000.00 252,627.68 11/8/2027 587 797.00 University Bank MI 4.2 914098DJ4 Certificate of 0.08 0.68 11/30/2022 4.200 249,000.00 249,000.00 250,212.63 11/30/2027 609 28.65 11/30/2027 Deposits 130 % Univest Bank & Trust 91527PBY2 Certificate of 0.08 0.68 5/12/2023 4.350 248,000.00 248,000.00 250,227.04 5/12/2028 773 561.57 Co. PA 4.35 5/12/2028 ° Deposits 130 /o USAlliance Financial Certificate of FCU NY 4.55 5/26/2028 90352RDB8 Deposits 130 °/o 0.08 0.68 5/26/2023 4.550 248,000.00 248,000.00 251,281.04 5/26/2028 787 154.58 Utah First FCU 5 7/21/2028 91739JAB1 Certificate of Deposits 130 % 0.08 0.67 7/21/2023 5.000 245,000.00 245,000.00 250,850.60 7/21/2028 843 335.62 Valley National Bank NJ 4.95 5/29/2026 919853LV1 Certificate of ° Deposits 130 /o 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 Valleystar Credit Union 92023CAJ2 Certificate of 0.08 0.67 11/8/2023 5.200 247,000.00 247,000.00 254,760.74 11/8/2028 953 809.35 VA 5.2 11/8/2028 Deposits 13C Vibrant Credit Union IL 92559TAJ7 Certificate of 0.08 0.68 7/2/2021 0.851 249,000.00 248,377.50 247,090.17 6/30/2026 91 163.73 0.8 6/30/2026 Deposits 130 % MN 4.05 Certificate of 5/12/2028 5/12/028 92834ABT2 ° Deposits � 30 /o 0.08 0.68 5/12/2023 4.050 248,000.00 248,000.00 248,719.20 5/12/2028 773 522.84 VyStar Credit Union FL 92891CCZ3 Certificate of 0.08 0.68 3/10/2023 4.550 248,000.00 248,000.00 251,013.20 3/10/2028 710 927.45 4.55 3/10/2028 Deposits 130 % Washington Financial Bank PA 4.5 5/31/2029 93883MBA5 Certificate of ° Deposits 130 /° 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 Workers FCU MA 5.2 98138MCA6 Certificate of 0.08 0.68 10/30/2023 5.200 248,000.00 248,000.00 255,797.12 10/30/2028 944 35.33 10/30/2028 ° Deposits 130 /o Sub Total / Average Negotiable Certificate 12.17 100.00 3.882 36,602,000.00 36,601,377.50 36,751,227.42 701 108,022.23 Of Deposit Treasury Note T-Note 0.625 7/31/2026 91282CCP4 US Treasury 100 /o 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 T-Note 0.75 5/31/2026 91282CCF6 US Treasury 100 /o 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 Description CUSIP/Ticker Category Portfolio Percent Date Cost Amount/Shares Cost Value T-Note 0.75 5/31/2026 91282CCF6 US Treasury 1 100 /o 0.17 0.63 6/17/2021 0.870 500,000.00 497,095.00 T-Note 0.75 8/31/2026 91282CCW9 US Treasury 1 100 /o 0.33 1.26 9/29/2021 0.990 1,000,000.00 988,500.00 T-Note 0.75 8/31/2026 91282CCW9 US Treasury 1 100 /o 0.17 0.63 3/22/2022 2.350 500,000.00 466,454.17 T-Note 1.125 10/31 /2026 91282CDG3 US Treasury 1 100 /o 0.17 0.63 3/22/2022 2.350 500,000.00 473,396.82 T-Note 1.5 1/31/2027 912828Z78 US Treasury 1 100 /o 0.33 1.26 2/10/2022 1.781 1,000,000.00 986,700.00 T-Note 1.875 7/31/2026 912828Y95 US Treasury 1 100 /o 0.33 1.26 8/29/2024 3.876 1,000,000.00 963,281.25 US Treasury 1 T-Note 2.25 8/15/2027 9128282RO 100 /o 0.33 1.26 11/18/2022 3.950 1,000,000.00 927,110.00 T-Note 2.375 4/30/2026 9128286S4 US Treasury 1 100 /o 0.33 1.26 3/23/2022 2.400 1,000,000.00 999,010.00 T-Note 2.375 5/15/2027 912828X88 US Treasury 1 100 /o 0.33 1.26 6/7/2022 3.041 1,000,000.00 969,687.50 T-Note 2.5 3/31/2027 91282CEF4 US Treasury 1 100 /o 0.33 1.26 5/3/2022 3.010 1,000,000.00 976,860.00 T-Note 2.625 2/15/2029 912828661 US Treasury 1 100 /o 0.33 1.26 2/15/2024 4.286 1,000,000.00 925,976.56 T-Note 2.625 5/31/2027 91282CET4 US Treasury 1 100 /o 0.17 0.63 6/8/2022 2.980 500,000.00 491,842.18 T-Note 2.625 5/31/2027 91282CET4 US Treasury 1 100 /o 0.33 1.26 8/29/2024 3.720 1,000,000.00 971,555.99 T-Note 2.75 4/30/2027 91282CEN7 US Treasury 1 100 /o 0.17 0.63 6/8/2022 2.971 500,000.00 495,000.00 T-Note 2.75 7/31/2027 91282CF62 US Treasury 1 100 /o 0.33 1.26 8/15/2022 2.980 1,000,000.00 989,460.00 T-Note 2.75 7/31/2027 91282CFB2 US Treasury 1 100 /o 0.33 1.26 8/29/2022 3.200 1,000,000.00 979,645.67 T-Note 2.875 4/30/2029 91282CEM9 US Treasury 1 100 /o 0.33 1.26 4/30/2024 4.658 1,000,000.00 921,300.00 T-Note 3.125 US Treasury 1 11 /15/2028 9128285M8 100 /o 0.33 1.26 12/29/2023 3.880 1,000,000.00 966,718.75 T-Note 3.125 8/31/2027 91282CFH9 US Treasury 1 100 /o 0.17 0.63 1/24/2023 3.640 500,000.00 489,175.00 T-Note 3.25 6/30/2027 91282CEW7 US Treasury 1 100 /o 0.33 1.26 2/15/2023 4.075 1,000,000.00 967,220.00 T-Note 3.5 1/31/2028 91282CGH8 US Treasury 1 100 /o 0.33 1.26 2/2/2023 3.580 1,000,000.00 996,369.14 T-Note 3.5 1/31/2028 91282CGH8 US Treasury 1 100 /o 0.33 1.26 8/29/2024 3.680 1,000,000.00 994,257.81 T-Note 3.5 1/31/2030 91282CGJ4 US Treasury 1 100 /o 0.33 1.26 1/13/2025 4.531 1,000,000.00 953,900.00 T-Note 3.5 10/15/2028 91282CPC9 US Treasury 1 100 /o 0.33 1.26 1/9/2026 3.520 1,000,000.00 999,439.61 Maturity Days To Accrued Market Value Date Maturity Interest 497,475.00 5/31/2026 61 1,246.57 987,660.00 8/31/2026 153 631.79 493,830.00 8/31/2026 153 315.90 492,390.00 10/31/2026 214 2,346.34 981,790.00 1 /31 /2027 306 2,444.75 993,840.00 7/31/2026 122 3,055.94 978,910.00 8/15/2027 502 2,734.81 998,910.00 4/30/2026 30 9,906.77 984,300.00 5/15/2027 410 8,922.65 988,250.00 3/31/2027 365 0.00 967,500.00 2/15/2029 1,052 3,190.61 493,225.00 5/31/2027 426 4,362.98 986,450.00 5/31/2027 426 8,725.96 494,585.00 4/30/2027 395 5,735.50 985,980.00 7/31/2027 487 4,482.04 985,980.00 7/31/2027 487 4,482.04 972,190.00 4/30/2029 1,126 11,992.40 982,580.00 11/15/2028 960 11,740.33 495,100.00 8/31/2027 518 1,316.24 993,050.00 6/30/2027 456 8,080.11 994,300.00 1/31/2028 671 5,704.42 994,300.00 1/31/2028 671 5,704.42 986,090.00 1/31/2030 1,402 5,704.42 992,230.00 10/15/2028 929 16,057.69 92 Asset % of Group Settlement YTM @ Face Description CUSIP/Ticker Category Portfolio Percent Date Cost Amount/Shares Cost Value T-Note 3.5 11/30/2030 91282CPN5 US Treasury 100 /o 0.66 2.52 12/1/2025 3.570 2,000,000.00 1,993,640.00 T-Note 3.5 2/28/2031 91282CQD6 US Treasury 100 /o 0.66 2.52 3/2/2026 3.567 2,000,000.00 1,993,906.25 T-Note 3.5 4/30/2028 91282CHA2 US Treasury 100 /o 0.33 1.26 5/31/2023 3.837 1,000,000.00 985,000.00 T-Note 3.5 4/30/2028 91282CHA2 US Treasury 100 /o 0.33 1.26 7/19/2024 4.145 1,000,000.00 977,600.00 T-Note 3.5 9/30/2029 91282CLN9 US Treasury 100 /o 0.33 1.26 9/30/2024 3.510 1,000,000.00 999,530.00 T-Note 3.625 10/31 /2030 91282CPD7 US Treasury 100 /o 0.66 2.52 10/31/2025 3.616 2,000,000.00 2,000,781.25 T-Note12/31/ 030 12/31 /2030 91282CPR6 10 Treasury 100 /o 0.33 1.26 12/31/2025 3.691 1,000,000.00 997,000.00 T-Note 3.625 3/31/2028 91282CGT2 US Treasury 100 /o 0.33 1.26 5/31/2023 3.853 1,000,000.00 990,000.00 T-Note 3.625 3/31/2028 91282CGT2 US Treasury 100 /o 0.33 1.26 6/15/2023 3.980 1,000,000.00 984,600.00 T-Note 3.625 3/31/2028 91282CGT2 US Treasury 100 /o 0.33 1.26 10/19/2023 4.910 1,000,000.00 949,180.00 T-Note 3.625 5/31/2028 91282CHE4 US Treasury 1 100 /o 0.33 1.26 3/19/2025 4.013 1,000,000.00 988,400.00 T-Note 3.625 8/31/2029 91282CLK5 US Treasury 100 /o 0.66 2.52 9/3/2024 3.627 2,000,000.00 1,999,843.75 T-Note 3.625 8/31/2030 91282CNX5 US Treasury 100 /o 0.66 2.52 9/10/2025 3.584 2,000,000.00 2,003,687.70 T-Note 3.625 9/30/2030 91282CPA3 US Treasury 100 /o 0.66 2.52 9/30/2025 3.695 2,000,000.00 1,993,671.85 T-Note 3.75 1/31/2031 91282CPW5 US Treasury 100 /o 0.66 2.52 2/2/2026 3.811 2,000,000.00 1,994,531.25 T-Note 3.75 12/31/2028 91282CJR3 US Treasury 100 /o 0.33 1.26 1/2/2024 3.815 1,000,000.00 997,067.49 T-Note 3.75 12/31/2028 91282CJR3 US Treasury 100 /o 0.33 1.26 6/12/2024 4.480 1,000,000.00 970,230.00 T-Note 3.75 12/31/2030 91282CJQ5 US Treasury 100 /o 0.33 1.26 12/10/2025 3.770 1,000,000.00 999,062.50 T-Note 3.75 4/15/2028 91282CMW8 US Treasury 100 /o 0.33 1.26 4/15/2025 3.760 1,000,000.00 999,726.56 T-Note 3.75 5/31/2030 91282CHF1 US Treasury 100 /o 0.33 1.26 5/15/2025 4.150 1,000,000.00 981,940.00 T-Note 3.75 6/30/2030 91282CHJ3 US Treasury 100 /o 0.33 1.26 6/17/2025 4.040 1,000,000.00 986,890.00 T-Note 3.875 11 /30/2029 91282CFY2 US Treasury 100 /o 0.33 1.26 11/21/2024 4.271 1,000,000.00 982,265.63 T-Note 3.875 3/31/2031 91282CQG9 US Treasury 100 /o 0.33 1.26 3/31/2026 3.960 1,000,000.00 996,171.87 T-Note 3.875 4/30/2030 91282CMZ1 US Treasury 100 /o 0.33 1.26 5/5/2025 3.900 1,000,000.00 998,867.19 Maturity Days To Accrued Market Value Date Maturity Interest 1,963,200.00 11/30/2030 1,705 23,204.42 1,961,260.00 2/28/2031 1,795 5,576.92 993,670.00 4/30/2028 761 14,599.45 993,670.00 4/30/2028 761 14,599.45 987,970.00 9/30/2029 1,279 0.00 1,974,140.00 10/31/2030 1,675 30,241.71 986,410.00 12/31/2030 1,736 9,012.43 996,370.00 3/31/2028 731 0.00 996,370.00 3/31/2028 731 0.00 996,370.00 3/31/2028 731 0.00 996,060.00 5/31/2028 792 12,050.14 1,984,680.00 8/31/2029 1,249 6,107.34 1,975,460.00 8/31/2030 1,614 6,107.34 1,975,080.00 9/30/2030 1,644 0.00 1,982,960.00 1/31/2031 1,767 11,941.34 998,010.00 12/31/2028 1,006 9,323.20 998,010.00 12/31/2028 1,006 9,323.20 991,450.00 12/31/2030 1,736 9,323.20 998,630.00 4/15/2028 746 17,204.67 993,910.00 5/31/2030 1,522 12,465.66 993,520.00 6/30/2030 1,552 9,323.20 999,770.00 11 /30/2029 1,340 12,881.18 996,800.00 3/31/2031 1,826 0.00 998,910.00 4/30/2030 1,491 16,163.67 93 Description CUSIP/Ticker T-Note 3.875 7/15/2028 91282CNM9 T-Note 3.875 7/31/2030 91282CNN7 T-Note 3.875 9/30/2029 91282CFLO T-Note 4 1/15/2027 91282CJT9 T-Note 4 10/31/2029 91282CFT3 T-Note 4 2/28/2030 91282CGQ8 T-Note 4 2/28/2030 91282CGQ8 T-Note 4 3/31/2030 91282CMU2 T-Note 4 5/31/2030 91282CNG2 T-Note 4 7/31/2029 91282CLC3 T-Note 4 7/31/2030 91282CHR5 T-Note 4.125 g1282CFU0 10/31/2027 T-Note 4.125 91282CFUO 10/31/2027 T-Note 4.125 91282CMA6 11 /30/2029 T-Note 4.125 3/31/2029 91282CKG5 T-Note 4.125 3/31/2031 91282CKF7 T-Note 4.125 6/15/2026 91282CHH7 T-Note 4.125 9/30/2027 91282CFM8 T-Note 4.25 1/31/2030 91282CMG3 T-Note 4.25 6/30/2029 91282CKX8 T-Note 4.375 91282CMDO 12/31 /2029 T-Note 4.5 5/31/2029 91282CKT7 Sub Total / Average Treasury Note Total / Average Asset % of Group Settlement YTM @ Face Category Portfolio Percent Date Cost Amount/Shares US Treasury 100 % 0.33 1.26 7/31/2025 3.835 1,000,000.00 US Treasury 100 % 0.33 1.26 7/31/2025 3.960 1,000,000.00 US Treasury 100 % 0.33 1.26 10/8/2024 3.875 1,000,000.00 US Treasury 100 % 0.33 1.26 1 /31 /2024 4.115 1,000,000.00 US Treasury 100 % 0.33 1.26 10/31/2024 4.110 1,000,000.00 US Treasury 100 % 0.66 2.52 2/26/2025 4.140 2,000,000.00 US Treasury 100 % 0.33 1.26 3/27/2026 4.002 1,000,000.00 US Treasury 100 /o 0.33 1.26 4/1/2025 3.950 1,000,000.00 US Treasury 100 % 0.33 1.26 6/2/2025 4.060 1,000,000.00 US Treasury 100 % 0.33 1.26 7/31/2024 4.134 1,000,000.00 US Treasury 100 % 0.33 1.26 7/8/2025 3.965 1,000,000.00 US Treasury 100 % 0.25 0.95 11/6/2023 4.524 750,000.00 US Treasury 1 0.33 1.26 5/31/2024 4.675 1,000,000.00 100 % US Treasury 100 % 0.33 1.26 12/2/2024 4.180 1,000,000.00 US Treasury 100 % 0.33 1.26 4/1/2024 4.210 1,000,000.00 US Treasury 100 % 0.33 1.26 3/6/2026 3.740 1,000,000.00 US Treasury 100 % 0.33 1.26 2/26/2025 4.091 1,000,000.00 US Treasury 100 % 0.33 1.26 7/30/2024 4.150 1,000,000.00 US Treasury 100 % 0.33 1.26 1 /31 /2025 4.330 1,000,000.00 US Treasury 100 % 0.66 2.52 7/1/2024 4.290 2,000,000.00 US Treasury 0.50 1.89 12/31/2024 4.425 1,500,000.00 100 /o US Treasury 100 % 0.66 2.52 5/31/2024 4.540 2,000,000.00 Maturity Days To Accrued Cost Value Market Value Date Maturity Interest 1,001,090.00 1,001,170.00 7/15/2028 837 8,028.31 996,170.01 998,320.00 7/31/2030 1,583 6,315.61 1,000,000.00 1,000,080.00 9/30/2029 1,279 0.00 996,813.45 1,001,970.00 1/15/2027 290 8,287.29 995,070.00 1,003,980.00 10/31 /2029 1,310 16,685.08 1,987,440.00 2,007,580.00 2/28/2030 1,430 6,739.13 999,900.00 1,003,790.00 2/28/2030 1,430 3,369.57 1,002,265.63 1,003,590.00 3/31/2030 1,461 0.00 997,304.69 1,003,400.00 5/31/2030 1,522 13,296.70 994,000.00 1,004,450.00 7/31/2029 1,218 6,519.34 1,001,560.00 1,003,160.00 7/31/2030 1,583 6,519.34 739,200.00 753,105.00 10/31/2027 579 12,904.87 982,790.00 1,004,140.00 10/31/2027 579 17,206.49 997,539.06 1,008,280.00 11 /30/2029 1,340 13,712.23 996,200.00 1,008,320.00 3/31/2029 1,096 0.00 1,017,600.00 1,007,070.00 3/31/2031 1,826 0.00 1,000,380.00 1,000,800.00 6/15/2026 76 12,012.36 999,210.00 1,004,100.00 9/30/2027 548 0.00 996,437.79 1,012,660.00 1/31/2030 1,402 6,926.80 1,996,433.38 2,024,220.00 6/30/2029 1,187 21,132.60 1,496,700.00 1,525,365.00 12/31 /2029 1,371 16,315.61 1,996,484.38 2,038,760.00 5/31/2029 1,157 29,917.58 LV.JY IVV.YV J./LI /J,LJV,VVV.VV IV,JLY,�YI.IJ /V,V JV,JJJ.VV I,VJV JV/,/JJ.V.7 100 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 YTM @ Settlement Face Description CUSIP/Ticker Cost Trade Date Date Maturity Date Amount/Shares Principal Price Interest/Dividends Total Buy FHLB 3.78 1/9/2031-29 31306931_2 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 2/18/2028 55316CEAO 3.700 2/11/2026 2/18/2026 2/18/2028 245,000.00 245,000.00 100 0.00 245,000.00 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 66,505.97 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 0 0.00 1,000,000.00 FNMA4.1253/12/2030-26 3136GACD9 0.000 3/12/2026 3/12/2026 3/12/2030 1,000,000.00 1,000,000.00 0 0.00 1,000,000.00 Sub Total / Average Called 2,000,000.00 2,000,000.00 0.00 2,000,000.00 Interest Advantage Credit Union IA4.45 00790UAE7 0.000 3/31/2026 3/31/2026 7/31/2028 0.00 0.00 941.08 941.08 7/31/2028 Advantage Credit Union IA4.45 7/31/2028 00790UAE7 0.000 2/28/2026 2/28/2026 7/31/2028 0.00 0.00 850.01 850.01 Advantage Credit Union IA4.45 00790UAE7 0.000 1/31/2026 1/31/2026 7/31/2028 0.00 0.00 941.08 941.08 7/31/2028 Affinity Bank, NA GA 4.9 3/17/2028 00833JAQ4 0.000 3/17/2026 3/17/2026 3/17/2028 0.00 0.00 932.21 932.21 Affinity Bank, NA GA 4.9 3/17/2028 00833JAQ4 0.000 2/17/2026 2/17/2026 3/17/2028 0.00 0.00 1,032.09 1,032.09 Affinity Bank, NA GA 4.9 3/17/2028 00833JAQ4 0.000 1/20/2026 1/20/2026 3/17/2028 0.00 0.00 1,032.09 1,032.09 Alabama Credit Union 5 6/22/2026 01025RAG4 0.000 3/20/2026 3/20/2026 6/22/2026 0.00 0.00 951.23 951.23 Alabama Credit Union 5 6/22/2026 01025RAG4 0.000 2/20/2026 2/20/2026 6/22/2026 0.00 0.00 1,053.15 1,053.15 95 Description CUSIP/Ticker YTM @ Cost Trade Date Settlement Date Maturity Date Face 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 CA 4.45 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 02357QAQO 0.000 2/17/2026 2/17/2026 2/16/2027 0.00 0.00 1,976.11 1,976.11 American Express Nat'l Bank 3.45 02589ADH2 O.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 05765LBUO 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 05765LBUO 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 05765LBUO 0.000 1/20/2026 1/20/2026 7/19/2028 0.00 0.00 926.77 926.77 Ballston Spa Nat'l Bank NY 4.8 058723AQO 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'l Bank NY 4.8 058723AQO 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'l Bank NY 4.8 058723AQO 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 064860MCO 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 •M Description CUSIP/Ticker Baxter Credit Union IL 4.35 07181 JBH6 8/22/2028 Baxter Credit Union IL 4.35 8/22/2028 0 7181JBH6 Baxter Credit Union IL 4.35 07181JBH6 8/22/2028 Beal Bank TX 1.9 2/17/2027 07371AYE7 Beal Bank USA NV 1.9 2/17/2027 07371 CE88 Blackrock Funding Inc 4.7 09290DAA9 3/14/2029-29 Blue Ridge Bank, NA VA 4.2 09582YAF9 2/28/2028 BMO Bank Operating MM BMO1851OP-TYCXX BMO Bank Operating MM BMO1851OP-TYCXX BMO Bank Operating MM BMO1851OP-TYCXX BNY Mellon, NA PA 4.5 9/7/2028 05584CJJ6 BOM Bank LA 4.1 6/24/2030 09776DAV6 BOM Bank LA 4.1 6/24/2030 09776DAV6 BOM Bank LA 4.1 6/24/2030 09776DAV6 Bridgewater Bank MN 4.85 108622NJ6 3/29/2027 Bridgewater Bank MN 4.85 108622NJ6 3/29/2027 Bridgewater Bank MN 4.85 1 08622NJ6 3/29/2027 CAMP LGIP CAMP7001 CAMP LGIP CAMP7001 CAMP LGIP CAMP7001 Carter Bank & Trust 4.55 7/5/2029 146102AS7 Carter Bank & Trust 4.55 7/5/2029 146102AS7 Carter Bank & Trust 4.55 7/5/2029 146102AS7 Carter FCU LA 0.75 4/27/2026 14622LAA0 Carter FCU LA 0.75 4/27/2026 14622LAA0 Carter FCU LA 0.75 4/27/2026 14622LAA0 Celtic Bank UT 3.65 9/26/2029 15118RR33 Celtic Bank UT 3.65 9/26/2029 15118RR33 Celtic Bank UT 3.65 9/26/2029 15118RR33 Central Bank AK 4 5/12/2028 152577BN1 Central Bank AK 4 5/12/2028 152577BN1 Central Bank AK 4 5/12/2028 152577BN1 Chartway FCU VA 4.9 6/9/2026 16141 BAC5 Chartway FCU VA 4.9 6/9/2026 16141 BAC5 YTM @ Settlement Face Cost Trade Date Date Maturity Date Amount/Shares Principal Price Interest/Dividends Total 0.000 3/23/2026 3/23/2026 8/22/2028 0.00 0.00 827.57 827.57 0.000 2/23/2026 2/23/2026 8/22/2028 0.00 0.00 916.24 916.24 0.000 1 /22/2026 1 /22/2026 8/22/2028 0.00 0.00 916.24 916.24 0.000 2/23/2026 2/23/2026 2/17/2027 0.00 0.00 2,346.63 2,346.63 0.000 2/23/2026 2/23/2026 2/17/2027 0.00 0.00 2,346.63 2,346.63 0.000 3/16/2026 3/16/2026 3/14/2029 0.00 0.00 23,500.00 23,500.00 0.000 2/28/2026 2/28/2026 2/28/2028 0.00 0.00 5,166.12 5,166.12 0.000 3/31/2026 3/31/2026 N/A 0.00 0.00 35,234.73 35,234.73 0.000 2/27/2026 2/27/2026 N/A 0.00 0.00 42,161.74 42,161.74 0.000 1/30/2026 1/30/2026 N/A 0.00 0.00 33,626.61 33,626.61 0.000 3/9/2026 3/9/2026 9/7/2028 0.00 0.00 5,444.88 5,444.88 0.000 3/24/2026 3/24/2026 6/24/2030 0.00 0.00 780.01 780.01 0.000 2/24/2026 2/24/2026 6/24/2030 0.00 0.00 863.58 863.58 0.000 1 /26/2026 1 /26/2026 6/24/2030 0.00 0.00 863.58 863.58 0.000 3/30/2026 3/30/2026 3/29/2027 0.00 0.00 955.65 955.65 0.000 2/28/2026 2/28/2026 3/29/2027 0.00 0.00 988.60 988.60 0.000 1 /29/2026 1 /29/2026 3/29/2027 0.00 0.00 1,021.56 1,021.56 0.000 3/31/2026 3/31/2026 N/A 0.00 0.00 85,587.70 85,587.70 0.000 2/28/2026 2/28/2026 N/A 0.00 0.00 77,742.11 77,742.11 0.000 1 /31 /2026 1 /31 /2026 N/A 0.00 0.00 86, 317.83 86,317.83 0.000 3/5/2026 3/5/2026 7/5/2029 0.00 0.00 865.62 865.62 0.000 2/5/2026 2/5/2026 7/5/2029 0.00 0.00 958.37 958.37 0.000 1 /5/2026 1 /5/2026 7/5/2029 0.00 0.00 958.37 958.37 0.000 3/27/2026 3/27/2026 4/27/2026 0.00 0.00 142.68 142.68 0.000 2/27/2026 2/27/2026 4/27/2026 0.00 0.00 157.97 157.97 0.000 1 /27/2026 1 /27/2026 4/27/2026 0.00 0.00 157.97 157.97 0.000 3/26/2026 3/26/2026 9/26/2029 0.00 0.00 694.40 694.40 0.000 2/26/2026 2/26/2026 9/26/2029 0.00 0.00 768.80 768.80 0.000 1 /26/2026 1 /26/2026 9/26/2029 0.00 0.00 768.80 768.80 0.000 3/12/2026 3/12/2026 5/12/2028 0.00 0.00 760.99 760.99 0.000 2/12/2026 2/12/2026 5/12/2028 0.00 0.00 842.52 842.52 0.000 1/12/2026 1/12/2026 5/12/2028 0.00 0.00 842.52 842.52 0.000 3/9/2026 3/9/2026 6/9/2026 0.00 0.00 932.21 932.21 0.000 2/9/2026 2/9/2026 6/9/2026 0.00 0.00 1,032.09 1,032.09 97 YTM @ Settlement Face Description CUSIP/Ticker Cost Trade Date Date Maturity Date Amount/Shares Principal Price Interest/Dividends Total Chartway FCU VA 4.9 6/9/2026 16141BAC5 0.000 1/9/2026 1/9/2026 6/9/2026 0.00 0.00 1,032.09 1,032.09 Civic FCU 3.65 9/26/2028 178808AF8 0.000 3/26/2026 3/26/2026 9/26/2028 0.00 0.00 694.40 694.40 Civic FCU 3.65 9/26/2028 178808AF8 0.000 2/26/2026 2/26/2026 9/26/2028 0.00 0.00 768.80 768.80 Civic FCU 3.65 9/26/2028 178808AF8 0.000 1/26/2026 1/26/2026 9/26/2028 0.00 0.00 768.80 768.80 Comenity Capital Bank UT 2.65 20033A3A2 0.000 3/16/2026 3/16/2026 4/14/2027 0.00 0.00 504.15 504.15 4/14/2027 Comenity Capital Bank UT 2.65 4/14/2027 20033A3A2 0.000 2/17/2026 2/17/2026 4/14/2027 0.00 0.00 558.17 558.17 Comenity Capital Bank UT 2.65 20033A3A2 0.000 1/14/2026 1/14/2026 4/14/2027 0.00 0.00 558.17 558.17 4/14/2027 ConnectOne Bank NJ 0.8 9/24/2026 20786ADI-6 0.000 3/24/2026 3/24/2026 9/24/2026 0.00 0.00 152.20 152.20 ConnectOne Bank NJ 0.8 9/24/2026 20786ADI-6 0.000 2/24/2026 2/24/2026 9/24/2026 0.00 0.00 168.50 168.50 ConnectOne Bank NJ 0.8 9/24/2026 20786ADI-6 0.000 1/26/2026 1/26/2026 9/24/2026 0.00 0.00 168.50 168.50 Connexus Credit Union WI 1.25 12/23/2026 20825WAR1 0.000 3/31/2026 3/31/2026 12/23/2026 0.00 0.00 264.35 264.35 Connexus Credit Union WI 1.25 20825WAR1 0.000 2/28/2026 2/28/2026 12/23/2026 0.00 0.00 238.77 238.77 12/23/2026 Connexus Credit Union WI 1.25 20825WAR1 0.000 1/31/2026 1/31/2026 12/23/2026 0.00 0.00 264.35 264.35 12/23/2026 Cornerstone Comm. FCU NY 3.7 21923MAB7 0.000 3/30/2026 3/30/2026 10/1/2029 0.00 0.00 754.19 754.19 10/1/2029 Cornerstone Comm. FCU NY 3.7 21923MAB7 0.000 2/28/2026 2/28/2026 10/1/2029 0.00 0.00 729.05 729.05 10/1/2029 Cornerstone Comm. FCU NY 3.7 10/1/2029 21923MAB7 0.000 1/30/2026 1/30/2026 10/1/2029 0.00 0.00 779.33 779.33 County Schools FCU CA 4.4 22258JAB7 0.000 3/30/2026 3/30/2026 9/30/2027 0.00 0.00 896.88 896.88 9/30/2027 County Schools FCU CA 4.4 22258JAB7 0.000 2/28/2026 2/28/2026 9/30/2027 0.00 0.00 866.98 866.98 9/30/2027 County Schools FCU CA 4.4 9/30/2027 22258JAB7 0.000 1/30/2026 1/30/2026 9/30/2027 0.00 0.00 926.77 926.77 Covantage Credit Union WI 4.2 22282XAD2 0.000 2/6/2026 2/6/2026 8/7/2028 0.00 0.00 2,614.82 2,614.82 8/7/2028 Credit Human FCU 3.6 9/29/2028 22537MAH0 0.000 3/30/2026 3/30/2026 9/29/2028 0.00 0.00 709.35 709.35 Credit Human FCU 3.6 9/29/2028 22537MAH0 0.000 2/28/2026 2/28/2026 9/29/2028 0.00 0.00 733.81 733.81 Credit Human FCU 3.6 9/29/2028 22537MAH0 0.000 1/29/2026 1/29/2026 9/29/2028 0.00 0.00 758.27 758.27 Cy -Fair FCU TX 4.5 5/12/2028 23248UAB3 0.000 3/12/2026 3/12/2026 5/12/2028 0.00 0.00 856.11 856.11 Cy -Fair FCU TX 4.5 5/12/2028 23248UAB3 0.000 2/12/2026 2/12/2026 5/12/2028 0.00 0.00 947.84 947.84 Cy -Fair FCU TX 4.5 5/12/2028 23248UAB3 0.000 1/12/2026 1/12/2026 5/12/2028 0.00 0.00 947.84 947.84 Direct FCU MA4.8 11/8/2027 25460FDW3 0.000 3/9/2026 3/9/2026 11/8/2027 0.00 0.00 913.18 913.18 Direct FCU MA4.8 11/8/2027 25460FDW3 0.000 2/9/2026 2/9/2026 11/8/2027 0.00 0.00 1,011.02 1,011.02 Direct FCU MA4.8 11/8/2027 25460FDW3 0.000 1/7/2026 1/7/2026 11/8/2027 0.00 0.00 1,011.02 1,011.02 Dort Financial Credit Union MI 4.5 25844MAK4 0.000 1/2/2026 1/2/2026 12/16/2027 0.00 0.00 2,801.59 2,801.59 12/16/2027 EagleBank MD 4.05 4/16/2030 27002YHQ2 0.000 3/16/2026 3/16/2026 4/16/2030 0.00 0.00 770.50 98 770.50 YTM @ Settlement Face Description CUSIP/Ticker Cost Trade Date Date Maturity Date Amount/Shares Principal Price Interest/Dividends Total EagleBank MD 4.05 4/16/2030 27002YHQ2 0.000 2/17/2026 2/17/2026 4/16/2030 0.00 0.00 853.05 853.05 EagleBank MD 4.05 4/16/2030 27002YHQ2 0.000 1/16/2026 1/16/2026 4/16/2030 0.00 0.00 853.05 853.05 Eaglemark Savings Bank NV 2 27004PCM3 0.000 3/2/2026 3/2/2026 3/2/2027 0.00 0.00 2,429.86 2,429.86 3/2/2027 Empower FCU NY 5.25 11/15/2028 291916AJ3 0.000 3/10/2026 3/10/2026 11/15/2028 0.00 0.00 994.77 994.77 Empower FCU NY 5.25 11/15/2028 291916AJ3 0.000 2/10/2026 2/10/2026 11/15/2028 0.00 0.00 1,101.35 1,101.35 Empower FCU NY 5.25 11/15/2028 291916AJ3 0.000 1/12/2026 1/12/2026 11/15/2028 0.00 0.00 1,101.35 1,101.35 Enterprise Bank PA 4.6 6/7/2029 29367RND4 0.000 3/9/2026 3/9/2026 6/7/2029 0.00 0.00 875.13 875.13 Enterprise Bank PA 4.6 6/7/2029 29367RND4 0.000 2/9/2026 2/9/2026 6/7/2029 0.00 0.00 968.90 968.90 Enterprise Bank PA4.6 6/7/2029 29367RND4 0.000 1/7/2026 1/7/2026 6/7/2029 0.00 0.00 968.90 968.90 NA f/k/a TIAA FSB 0.5 2/12/226 2/12/2026 87270LDL4 0.000 2/12/2026 2/12/2026 2/12/2026 0.00 0.00 617.53 617.53 Evergreen Bank Group IL 3.85 300185LM5 0.000 3/27/2026 3/27/2026 7/27/2026 0.00 0.00 732.45 732.45 7/27/2026 Evergreen Bank Group IL 3.85 300185LM5 0.000 2/27/2026 2/27/2026 7/27/2026 0.00 0.00 810.93 810.93 7/27/2026 Evergreen Bank Group IL 3.85 300185LM5 0.000 1/27/2026 1/27/2026 7/27/2026 0.00 0.00 810.93 810.93 7/27/2026 Fahey Banking Company 4.2 303117DN2 0.000 3/30/2026 3/30/2026 8/30/2027 0.00 0.00 799.04 799.04 8/30/2027 Fahey Banking Company 4.2 8/30/2027 303117DN2 0.000 2/28/2026 2/28/2026 8/30/2027 0.00 0.00 884.65 884.65 Fahey Banking Company 4.2 303117DN2 0.000 1/28/2026 1/28/2026 8/30/2027 0.00 0.00 884.65 884.65 8/30/2027 Farmers & Merchants Bank of 30781JBU3 0.000 3/5/2026 3/5/2026 7/5/2029 0.00 0.00 837.08 837.08 Colby 4.4 7/5/2029 Farmers & Merchants Bank of Colby 4.4 7/5/2029 30781JBU3 0.000 2/5/2026 2/5/2026 7/5/2029 0.00 0.00 926.77 926.77 Farmers & Merchants Bank of 30781JBU3 0.000 1/5/2026 1/5/2026 7/5/2029 0.00 0.00 926.77 926.77 Colby 4.4 7/5/2029 FFCB 0.71 8/10/2026-23 3133EM2C5 0.000 2/10/2026 2/10/2026 8/10/2026 0.00 0.00 1,775.00 1,775.00 FFCB 0.8 9/10/2026 3133EM4X7 0.000 3/10/2026 3/10/2026 9/10/2026 0.00 0.00 4,000.00 4,000.00 FFCB 3.375 9/15/2027 3133ENL99 0.000 3/16/2026 3/16/2026 9/15/2027 0.00 0.00 16,875.00 16,875.00 FFCB 3.5 9/10/2029 3133ERSP7 0.000 3/10/2026 3/10/2026 9/10/2029 0.00 0.00 17,500.00 17,500.00 FFCB 3.75 8/14/2028 3133ETTJ6 0.000 2/17/2026 2/17/2026 8/14/2028 0.00 0.00 18,750.00 18,750.00 FFCB 3.75 8/15/2029 3133ERPS4 0.000 2/17/2026 2/17/2026 8/15/2029 0.00 0.00 18,750.00 18,750.00 FFCB 3.875 1/18/2029 3133EPW84 0.000 1/20/2026 1/20/2026 1/18/2029 0.00 0.00 38,750.00 38,750.00 FFCB 3.875 2/14/2028 3133EPAV7 0.000 2/17/2026 2/17/2026 2/14/2028 0.00 0.00 19,375.00 19,375.00 FFCB 4 3/18/2030 3133ER71-9 0.000 3/18/2026 3/18/2026 3/18/2030 0.00 0.00 20,000.00 20,000.00 FFCB 4 9/29/2027 3133ENQ29 0.000 3/30/2026 3/30/2026 9/29/2027 0.00 0.00 20,000.00 20,000.00 FFCB 4.125 2/13/2029 3133EP369 0.000 2/13/2026 2/13/2026 2/13/2029 0.00 0.00 20,625.00 20,625.00 FFCB 4.25 7/17/2028 3133EPQDO 0.000 1/20/2026 1/20/2026 7/17/2028 0.00 0.00 21,250.00 21,250.00 FFCB 4.25 8/7/2028 3133EPSK2 0.000 2/9/2026 2/9/2026 8/7/2028 0.00 0.00 21,250.00 21,250.00 FFCB 4.33 3/18/2030-27 3133ER7E5 0.000 3/18/2026 3/18/2026 3/18/2030 0.00 0.00 21,650.00 9921,650.00 Description CUSIP/Ticker YTM @ Cost Trade Date Settlement Date Maturity Date Face Amount/Shares Principal Price Interest/Dividends Total FHLB 0.51 1/14/2026-22 3130AKMZ6 0.000 1/14/2026 1/14/2026 1/14/2026 0.00 0.00 1,275.00 1,275.00 FHLB 0.55 1 /29/2026-21 313OAKN28 0.000 1 /29/2026 1 /29/2026 1 /29/2026 0.00 0.00 1,375.00 1,375.00 FHLB 1 9/30/2026-22 3130APBM6 0.000 3/30/2026 3/30/2026 9/30/2026 0.00 0.00 5,000.00 5,000.00 FHLB 1.5 1/27/2027-23 3130AQJR5 0.000 1/27/2026 1/27/2026 1/27/2027 0.00 0.00 7,500.00 7,500.00 FHLB 1.832/10/2027-23 3130AQSA2 0.000 2/10/2026 2/10/2026 2/10/2027 0.00 0.00 9,150.00 9,150.00 FHLB 3.5 9/13/2030 3130AF2S5 0.000 3/13/2026 3/13/2026 9/13/2030 0.00 0.00 17,500.00 17,500.00 FHLB 3.875 3/9/2029 3130AUW75 0.000 3/9/2026 3/9/2026 3/9/2029 0.00 0.00 19,375.00 19,375.00 FHLB 4 7/30/2029-27 3130B7BU7 0.000 1/30/2026 1/30/2026 7/30/2029 0.00 0.00 20,000.00 20,000.00 FHLB 4.125 9/14/2029 3130ATHX8 0.000 3/16/2026 3/16/2026 9/14/2029 0.00 0.00 20,625.00 20,625.00 FHLB 4.2 3/27/2030-28 3130B5K80 0.000 3/27/2026 3/27/2026 3/27/2030 0.00 0.00 21,000.00 21,000.00 FHLB 4.45 2/12/2029-27 3130AYXU5 0.000 2/12/2026 2/12/2026 2/12/2029 0.00 0.00 44,500.00 44,500.00 FHLB 4.5 2/18/2028-26 3130B4YH8 0.000 2/18/2026 2/18/2026 2/18/2028 0.00 0.00 22,500.00 22,500.00 FHLB 4.65 1/14/2030-28 313064LS8 0.000 1/14/2026 1/14/2026 1/14/2030 0.00 0.00 23,250.00 23,250.00 FHLB 4.75 9/8/2028 3130AXEL8 0.000 3/9/2026 3/9/2026 9/8/2028 0.00 0.00 23,750.00 23,750.00 FHLB Step 3/30/2026 3130ALV92 0.000 3/30/2026 3/30/2026 3/30/2026 0.00 0.00 2,625.00 2,625.00 FHLMC 0.7 12/30/2026-21 3134GWUQ7 0.000 3/30/2026 3/30/2026 12/30/2026 0.00 0.00 3,500.00 3,500.00 Fidelity Bank LA 0.7 4/30/2026 31617CAV5 0.000 3/30/2026 3/30/2026 4/30/2026 0.00 0.00 142.68 142.68 Fidelity Bank LA 0.7 4/30/2026 31617CAV5 0.000 2/28/2026 2/28/2026 4/30/2026 0.00 0.00 137.93 137.93 Fidelity Bank LA 0.7 4/30/2026 31617CAV5 0.000 1/30/2026 1/30/2026 4/30/2026 0.00 0.00 147.44 147.44 Fieldpoint Private B&T CT 4 9/4/2026 31657FBA4 0.000 3/4/2026 3/4/2026 9/4/2026 0.00 0.00 760.99 760.99 Fieldpoint Private B&T CT 4 31657FBA4 0.000 2/4/2026 2/4/2026 9/4/2026 0.00 0.00 842.52 842.52 9/4/2026 Fieldpoint Private B&T CT 4 31657FBA4 0.000 1/5/2026 1/5/2026 9/4/2026 0.00 0.00 842.52 842.52 9/4/2026 First Bank Elk River MN 4.4 31911 KAK4 0.000 3/30/2026 3/30/2026 6/30/2028 0.00 0.00 896.88 896.88 6/30/2028 First Bank Elk River MN 4.4 31911 KAK4 0.000 2/28/2026 2/28/2026 6/30/2028 0.00 0.00 866.98 866.98 6/30/2028 First Bank Elk River MN 4.4 31911 KAK4 0.000 1/30/2026 1/30/2026 6/30/2028 0.00 0.00 926.77 926.77 6/30/2028 First Federal Savings IN 4.25 32021YEV1 0.000 3/9/2026 3/9/2026 7/9/2026 0.00 0.00 808.55 808.55 7/9/2026 First Federal Savings IN 4.25 32021YEV1 0.000 2/9/2026 2/9/2026 7/9/2026 0.00 0.00 895.18 895.18 7/9/2026 First Federal Savings IN 4.25 7/9/2026 32021YEV1 0.000 1/9/2026 1/9/2026 7/9/2026 0.00 0.00 895.18 895.18 First Nat'l Bank of America MI 3.75 3211 OYQ24 0.000 3/30/2026 3/30/2026 10/30/2028 0.00 0.00 764.38 764.38 10/30/2028 First Nat'l Bank of America MI 3.75 3211 OYQ24 0.000 2/28/2026 2/28/2026 10/30/2028 0.00 0.00 738.90 738.90 10/30/2028 First Nat'l Bank of America MI 3.75 3211 OYQ24 0.000 1/30/2026 1/30/2026 10/30/2028 0.00 0.00 789.86 789.86 10/30/2028 100 Description CUSIP/Ticker First Service CU f/k/a SPCO TX 78472EAB0 4.35 1 /20/2028 First Service CU f/k/a SPCO TX 4.35 1 /20/2028 78472EA60 First Service CU f/k/a SPCO TX 78472EAB0 4.35 1 /20/2028 FNMA4.125 3/12/2030-26 3136GACD9 FNMA4.1257/16/2030-27 3136GAKH1 FNMA4.157/28/2028-26 3136GAKZ1 Forbright Bank MD 4.6 11/2/2027 34520LAT0 Forbright Bank MD 4.6 11/2/2027 34520LAT0 Forbright Bank MD 4.6 11/2/2027 34520LAT0 Four Points FCU 4.55 5/11/2026 35089LAF0 Four Points FCU 4.55 5/11/2026 35089LAF0 Four Points FCU 4.55 5/11/2026 35089LAF0 Global FCU f/k/a Alaska USA AK 011852AE0 4.6 3/8/2028 Global FCU f/k/a Alaska USA AK 4.6 3/8/2028 011852AE0 Global FCU f/k/a Alaska USA AK 011852AE0 4.6 3/8/2028 Golden State Bank CA4.45 38120MCA2 6/22/2027 Golden State Bank CA4.45 38120MCA2 6/22/2027 Golden State Bank CA4.45 38120MCA2 6/22/2027 Goldman Sachs Bank USA 1 3 8149MXK4 7/28/2026 Greenstate Credit Union IA 0.95 39573LBC1 4/16/2026 Greenstate Credit Union IA 0.95 9573LBC1 3 4/16/2026 Greenstate Credit Union IA 0.95 9573LBC1 3 4/16/2026 Healthcare Systems FCU VA 5.1 42228LAN1 10/27/2028 Healthcare Systems FCU VA 5.1 42228LAN1 10/27/2028 Healthcare Systems FCU VA 5.1 42228LAN1 10/27/2028 Ideal Credit Union MN 4.5 45157PAZ3 12/29/2027 Ideal Credit Union MN 4.5 45157PAZ3 12/29/2027 Ideal Credit Union MN 4.5 45157PAZ3 12/29/2027 YTM @ Cost Trade Date Settlement Date Maturity Date Face Amount/Shares Principal Price Interest/Dividends Total 0.000 3/31 /2026 3/31 /2026 1 /20/2028 0.00 0.00 919.94 919.94 0.000 2/28/2026 2/28/2026 1 /20/2028 0.00 0.00 830.91 830.91 0.000 1 /31 /2026 1 /31 /2026 1 /20/2028 0.00 0.00 919.94 919.94 0.000 3/12/2026 3/12/2026 3/12/2030 0.00 0.00 20,625.00 20,625.00 0.000 1/16/2026 1/16/2026 7/16/2030 0.00 0.00 20,395.83 20,395.83 0.000 1/28/2026 1/28/2026 7/28/2028 0.00 0.00 20,519.44 20,519.44 0.000 3/2/2026 3/2/2026 11/2/2027 0.00 0.00 875.13 875.13 0.000 2/2/2026 2/2/2026 11/2/2027 0.00 0.00 968.90 968.90 0.000 1 /2/2026 1 /2/2026 11/2/2027 0.00 0.00 968.90 968.90 0.000 3/10/2026 3/10/2026 5/11/2026 0.00 0.00 865.62 865.62 0.000 2/10/2026 2/10/2026 5/11/2026 0.00 0.00 958.37 958.37 0.000 1/12/2026 1/12/2026 5/11/2026 0.00 0.00 958.37 958.37 0.000 3/9/2026 3/9/2026 3/8/2028 0.00 0.00 875.13 875.13 0.000 2/9/2026 2/9/2026 3/8/2028 0.00 0.00 968.90 968.90 0.000 1 /8/2026 1 /8/2026 3/8/2028 0.00 0.00 968.90 968.90 0.000 3/23/2026 3/23/2026 6/22/2027 0.00 0.00 850.01 850.01 0.000 2/23/2026 2/23/2026 6/22/2027 0.00 0.00 941.08 941.08 0.000 1 /22/2026 1 /22/2026 6/22/2027 0.00 0.00 941.08 941.08 0.000 1/28/2026 1/28/2026 7/28/2026 0.00 0.00 1,250.19 1,250.19 0.000 3/2/2026 3/2/2026 4/16/2026 0.00 0.00 181.46 181.46 0.000 2/2/2026 2/2/2026 4/16/2026 0.00 0.00 200.91 200.91 0.000 1 /2/2026 1 /2/2026 4/16/2026 0.00 0.00 200.91 200.91 0.000 3/27/2026 3/27/2026 10/27/2028 0.00 0.00 970.26 970.26 0.000 2/27/2026 2/27/2026 10/27/2028 0.00 0.00 1,074.21 1,074.21 0.000 1/27/2026 1/27/2026 10/27/2028 0.00 0.00 1,074.21 1,074.21 0.000 3/2/2026 3/2/2026 12/29/2027 0.00 0.00 856.11 856.11 0.000 2/2/2026 2/2/2026 12/29/2027 0.00 0.00 947.84 947.84 0.000 1 /2/2026 1 /2/2026 12/29/2027 0.00 0.00 947.84 947.84 101 Description CUSIP/Ticker YTM @ Cost Trade Date Settlement Date Maturity Date Face Amount/Shares Principal Price Interest/Dividends Total Inst. for Savings Newburyport MA 45780PDK8 0.000 3/30/2026 3/30/2026 10/28/2030 0.00 0.00 694.40 694.40 3.65 10/28/2030 for Savings Newburyport MA 3.65 10/28/2030 3.6 45780PDK8 0.000 2/28/2026 2/28/2026 10/28/2030 0.00 0.00 768.80 768.80 Inst. for Savings Newburyport MA 45780PDK8 0.000 1/28/2026 1/28/2026 10/28/2030 0.00 0.00 768.80 768.80 3.65 10/28/2030 International Finance Corp 0.5 45950VPS9 0.000 2/26/2026 2/26/2026 2/26/2026 0.00 0.00 1,250.00 1,250.00 2/26/2026 Jeep Country FCU OH 4.7 472312AA5 0.000 3/30/2026 3/30/2026 6/29/2027 0.00 0.00 926.09 926.09 6/29/2027 Jeep Country FCU OH 4.7 472312AA5 0.000 2/28/2026 2/28/2026 6/29/2027 0.00 0.00 958.03 958.03 6/29/2027 Jeep Country FCU OH 4.7 6/29/2027 472312AA5 0.000 1/29/2026 1/29/2026 6/29/2027 0.00 0.00 989.96 989.96 Knoxville TVA Employees Credit 499724AP7 0.000 3/2/2026 3/2/2026 8/25/2028 0.00 0.00 922.70 922.70 Union 4.85 8/25/202 Knoxville TVA Employees Credit 499724AP7 0.000 2/2/2026 2/2/2026 8/25/2028 0.00 0.00 1,021.56 1,021.56 Union 4.85 8/25/202 Knoxville TVA Employees Credit Union 4.85 8/25/202 499724AP7 0.000 1/2/2026 1/2/2026 8/25/2028 0.00 0.00 1,021.56 1,021.56 Lafayette FCU MD 4.1 3/28/2029 50625LCA9 0.000 3/30/2026 3/30/2026 3/28/2029 0.00 0.00 780.01 780.01 Lafayette FCU MD 4.1 3/28/2029 50625LCA9 0.000 2/28/2026 2/28/2026 3/28/2029 0.00 0.00 863.58 863.58 Lafayette FCU MD 4.1 3/28/2029 50625LCA9 0.000 1/28/2026 1/28/2026 3/28/2029 0.00 0.00 863.58 863.58 LAIF I City LGIP CITYLAIF3434 0.000 3/31/2026 3/31/2026 N/A 0.00 0.00 129,067.05 129,067.05 LAIF City LGIP CITYLAIF3434 0.000 2/28/2026 2/28/2026 N/A 0.00 0.00 129,067.05 129,067.05 LAIF City LGIP CITYLAIF3434 0.000 1/31/2026 1/31/2026 N/A 0.00 0.00 129,067.04 129,067.04 LAIF Housing LGIP HOUSINGLAIF3005 0.000 3/31/2026 3/31/2026 N/A 0.00 0.00 7,514.03 7,514.03 LAIF Housing LGIP HOUSINGLAIF3005 0.000 2/28/2026 2/28/2026 N/A 0.00 0.00 7,514.02 7,514.02 LAIF Housing LGIP HOUSINGLAIF3005 0.000 1/31/2026 1/31/2026 N/A 0.00 0.00 7,514.02 7,514.02 Latino Community Credit Union NC 51828MAC8 0.000 3/23/2026 3/23/2026 12/21/2027 0.00 0.00 856.11 856.11 4.5 12/21/2027 Latino Community Credit Union NC 51828MAC8 0.000 2/23/2026 2/23/2026 12/21/2027 0.00 0.00 947.84 947.84 4.5 12/21/2027 Latino Community Credit Union NC 51828MAC8 0.000 1/21/2026 1/21/2026 12/21/2027 0.00 0.00 947.84 947.84 4.5 12/21/2027 Leaders Credit Union TN 5.1 52171 MAM7 0.000 3/30/2026 3/30/2026 10/30/2028 0.00 0.00 1,039.56 1,039.56 10/30/2028 Leaders Credit Union TN 5.1 52171 MAM7 0.000 2/28/2026 2/28/2026 10/30/2028 0.00 0.00 1,004.91 1,004.91 10/30/2028 Leaders Credit Union TN 5.1 52171 MAM7 0.000 1/30/2026 1/30/2026 10/30/2028 0.00 0.00 1,074.21 1,074.21 10/30/2028 Legacy Bank &Trust Co. MO 4.5 52470QEC4 0.000 3/27/2026 3/27/2026 9/27/2028 0.00 0.00 856.11 856.11 9/27/2028 Legacy Bank &Trust Co. MO 4.5 52470QEC4 0.000 2/27/2026 2/27/2026 9/27/2028 0.00 0.00 947.84 947.84 9/27/2028 Legacy Bank &Trust Co. MO 4.5 52470QEC4 0.000 1/27/2026 1/27/2026 9/27/2028 0.00 0.00 947.84 947.84 9/27/2028 102 Description CUSIP/Ticker Legends Bank TN 3.75 9/11/2028 52465JKLO Legends Bank TN 3.75 9/11/2028 52465JKLO Legends Bank TN 3.75 9/11/2028 52465JKLO Liberty First Credit Union NE 4.5 2/22/2028 5 30520AH8 Liberty First Credit Union NE 4.5 30520AH8 5 2/22/2028 Liberty First Credit Union NE 4.5 530520AH8 2/22/2028 Maine Community Bank 3.75 60390DC7 5 8/30/2027 Maine Community Bank 3.75 60390DC7 5 8/30/2027 Maine Community Bank 3.75 5 60390DC7 8/30/2027 Maine Savings FCU 4.8 7/21/2028 560507AQ8 Maine Savings FCU 4.8 7/21/2028 560507AQ8 Maine Savings FCU 4.8 7/21/2028 560507AQ8 Malaga Bank, FSB CA 3.6 56102ACC8 10/24/2030 Malaga Bank, FSB CA 3.6 56102ACC8 10/24/2030 Malaga Bank, FSB CA 3.6 56102ACC8 10/24/2030 Marathon Bank WI 1.8 3/16/2027 565819AG4 Marathon Bank WI 1.8 3/16/2027 565819AG4 Marathon Bank WI 1.8 3/16/2027 565819AG4 Marine FCU NC 4 8/31/2026 56824JBC7 Marine FCU NC 4 8/31/2026 56824JBC7 Marine FCU NC 4 8/31/2026 56824JBC7 Medallion Bank UT 4.85 10/20/2028 58404DTP6 Medallion Bank UT 4.85 10/20/2028 58404DTP6 Medallion Bank UT 4.85 10/20/2028 58404DTP6 Merrick Bank UT 1.1 11/9/2026 59013KPNO Merrick Bank UT 1.1 11/9/2026 59013KPNO Merrick Bank UT 1.1 11/9/2026 59013KPNO Metro Credit Union MA 1.7 59161YAP1 2/18/2027 Metro Credit Union MA 1.7 2/18/2027 9161YAP1 5 Metro Credit Union MA 1.7 5 2/18/2027 9161 YAP1 Mid Carolina Credit Union SC 4.85 59524LAA4 3/13/2026 YTM @ Settlement Face Cost Trade Date Date Maturity Date Amount/Shares Principal Price Interest/Dividends Total 0.000 3/11 /2026 3/11 /2026 9/11/2028 0.00 0.00 713.42 713.42 0.000 2/11 /2026 2/11 /2026 9/11/2028 0.00 0.00 789.86 789.86 0.000 1/12/2026 1/12/2026 9/11/2028 0.00 0.00 789.86 789.86 0.000 3/2/2026 3/2/2026 2/22/2028 0.00 0.00 856.11 856.11 0.000 2/2/2026 2/2/2026 2/22/2028 0.00 0.00 947.84 947.84 0.000 1 /2/2026 1 /2/2026 2/22/2028 0.00 0.00 947.84 947.84 0.000 3/30/2026 3/30/2026 8/30/2027 0.00 0.00 764.38 764.38 0.000 2/28/2026 2/28/2026 8/30/2027 0.00 0.00 738.90 738.90 0.000 1 /30/2026 1 /30/2026 8/30/2027 0.00 0.00 789.86 789.86 0.000 3/23/2026 3/23/2026 7/21/2028 0.00 0.00 913.18 913.18 0.000 2/23/2026 2/23/2026 7/21/2028 0.00 0.00 1,011.02 1,011.02 0.000 1 /21 /2026 1 /21 /2026 7/21/2028 0.00 0.00 1,011.02 1,011.02 0.000 3/24/2026 3/24/2026 10/24/2030 0.00 0.00 684.89 684.89 0.000 2/24/2026 2/24/2026 10/24/2030 0.00 0.00 758.27 758.27 0.000 1 /26/2026 1 /26/2026 10/24/2030 0.00 0.00 758.27 758.27 0.000 3/16/2026 3/16/2026 3/16/2027 0.00 0.00 342.44 342.44 0.000 2/17/2026 2/17/2026 3/16/2027 0.00 0.00 379.13 379.13 0.000 1/16/2026 1/16/2026 3/16/2027 0.00 0.00 379.13 379.13 0.000 3/30/2026 3/30/2026 8/31/2026 0.00 0.00 815.34 815.34 0.000 2/28/2026 2/28/2026 8/31/2026 0.00 0.00 788.16 788.16 0.000 1 /30/2026 1 /30/2026 8/31/2026 0.00 0.00 842.52 842.52 0.000 3/20/2026 3/20/2026 10/20/2028 0.00 0.00 922.70 922.70 0.000 2/20/2026 2/20/2026 10/20/2028 0.00 0.00 1,021.56 1,021.56 0.000 1/20/2026 1/20/2026 10/20/2028 0.00 0.00 1,021.56 1,021.56 0.000 3/9/2026 3/9/2026 11/9/2026 0.00 0.00 210.12 210.12 0.000 2/9/2026 2/9/2026 11/9/2026 0.00 0.00 232.63 232.63 0.000 1 /9/2026 1 /9/2026 11/9/2026 0.00 0.00 232.63 232.63 0.000 3/2/2026 3/2/2026 2/18/2027 0.00 0.00 324.72 324.72 0.000 2/2/2026 2/2/2026 2/18/2027 0.00 0.00 359.52 359.52 0.000 1 /2/2026 1 /2/2026 2/18/2027 0.00 0.00 359.52 359.52 0.000 3/13/2026 3/13/2026 3/13/2026 0.00 0.00 922.70 922.70 103 Description CUSIP/Ticker YTM @ Cost Trade Date Settlement Date Maturity Date Face Amount/Shares Principal Price Interest/Dividends Total Mid Carolina Credit Union SC 4.85 59524LAA4 0.000 2/13/2026 2/13/2026 3/13/2026 0.00 0.00 1,021.56 1,021.56 3/13/2026 Mid Carolina Credit Union SC 4.85 3/13/2026 59524LAA4 0.000 1/13/2026 1/13/2026 3/13/2026 0.00 0.00 1,021.56 1,021.56 Minnwest Bank MN 4.25 5/3/2027 60425SKB4 0.000 3/2/2026 3/2/2026 5/3/2027 0.00 0.00 808.55 808.55 Minnwest Bank MN 4.25 5/3/2027 60425SKB4 0.000 2/2/2026 2/2/2026 5/3/2027 0.00 0.00 895.18 895.18 Minnwest Bank MN 4.25 5/3/2027 60425SKB4 0.000 1/2/2026 1/2/2026 5/3/2027 0.00 0.00 895.18 895.18 Money One FCU MD 5 9/14/2028 60936TAL3 0.000 3/16/2026 3/16/2026 9/14/2028 0.00 0.00 951.23 951.23 Money One FCU MD 5 9/14/2028 60936TAL3 0.000 2/17/2026 2/17/2026 9/14/2028 0.00 0.00 1,053.15 1,053.15 Money One FCU MD 5 9/14/2028 60936TAL3 0.000 1/14/2026 1/14/2026 9/14/2028 0.00 0.00 1,053.15 1,053.15 Morgan Stanley Bank, NA4.25 3/5/2030 6169ODT40 0.000 3/5/2026 3/5/2026 3/5/2030 0.00 0.00 5,142.38 5,142.38 Morgan Stanley Private Bank 4.25 61776NMT7 0.000 3/5/2026 3/5/2026 3/5/2030 0.00 0.00 5,142.38 5,142.38 3/5/2030 Mountain American FCU 4.7 62384RAT3 0.000 3/2/2026 3/2/2026 4/28/2026 0.00 0.00 894.16 894.16 4/28/2026 Mountain American FCU 4.7 4/28/2026 62384RAT3 0.000 2/2/2026 2/2/2026 4/28/2026 0.00 0.00 989.96 989.96 Mountain American FCU 4.7 62384RAT3 0.000 1/2/2026 1/2/2026 4/28/2026 0.00 0.00 989.96 989.96 4/28/2026 MVB Bank, Inc. WV 4.05 2/1/2028 62847NEP7 0.000 3/2/2026 3/2/2026 2/1/2028 0.00 0.00 770.50 770.50 MVB Bank, Inc. WV 4.05 2/1/2028 62847NEP7 0.000 2/2/2026 2/2/2026 2/1/2028 0.00 0.00 853.05 853.05 MVB Bank, Inc. WV 4.05 2/1/2028 62847NEP7 0.000 1/2/2026 1/2/2026 2/1/2028 0.00 0.00 853.05 853.05 Nelnet Bank UT 1.8 3/2/2026 64034KAZ4 0.000 3/2/2026 3/2/2026 3/2/2026 0.00 0.00 2,186.88 2,186.88 Northpointe Bank MI 4.85 10/20/2028 666613MK7 0.000 3/20/2026 3/20/2026 10/20/2028 0.00 0.00 922.70 922.70 Northpointe Bank MI 4.85 666613MK7 0.000 2/20/2026 2/20/2026 10/20/2028 0.00 0.00 1,021.56 1,021.56 10/20/2028 Northpointe Bank MI 4.85 666613MK7 0.000 1/20/2026 1/20/2026 10/20/2028 0.00 0.00 1,021.56 1,021.56 10/20/2028 Numerica CU 4.15 11/26/2029 67054NBT9 0.000 3/26/2026 3/26/2026 11/26/2029 0.00 0.00 789.52 789.52 Numerica CU 4.15 11/26/2029 67054NBT9 0.000 2/26/2026 2/26/2026 11/26/2029 0.00 0.00 874.12 874.12 Numerica CU 4.15 11/26/2029 67054NBT9 0.000 1/26/2026 1/26/2026 11/26/2029 0.00 0.00 874.12 874.12 Oklahoma Educators CU 3.65 67885MAEO 0.000 3/3/2026 3/3/2026 10/4/2027 0.00 0.00 694.40 694.40 10/4/2027 Oklahoma Educators CU 3.65 67885MAEO 0.000 2/3/2026 2/3/2026 10/4/2027 0.00 0.00 768.80 768.80 10/4/2027 Oklahoma Educators CU 3.65 10/4/2027 67885MAEO 0.000 1/5/2026 1/5/2026 10/4/2027 0.00 0.00 768.80 768.80 Oregon Community Credit Union 68584JAT6 0.000 3/9/2026 3/9/2026 6/7/2027 0.00 0.00 922.70 922.70 4.85 6/7/2027 Oregon Community Credit Union 68584JAT6 0.000 2/9/2026 2/9/2026 6/7/2027 0.00 0.00 1,021.56 1,021.56 4.85 6/7/2027 Oregon Community Credit Union 4.85 6/7/2027 68584JAT6 0.000 1/7/2026 1/7/2026 6/7/2027 0.00 0.00 1,021.56 1,021.56 104 Description CUSIP/Ticker YTM @ Cost Trade Date Settlement Date Maturity Date Face 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 8/16/2029 69417ADA4 0.000 2/17/2026 2/17/2026 8/16/2029 0.00 0.00 821.46 821.46 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 8/27/2027 70212YBY7 0.000 2/27/2026 2/27/2026 8/27/2027 0.00 0.00 5,104.61 5,104.61 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 @ Cost Trade Date Settlement Date Maturity Date Face Amount/Shares Principal Price Interest/Dividends Total San Francisco FCU CA 4.35 79772FAG1 0.000 1/5/2026 1/5/2026 2/3/2028 0.00 0.00 916.24 916.24 2/3/2028 Signature FCU VA 4.4 1/31/2028 82671 DAB3 0.000 3/31 /2026 3/31 /2026 1/31/2028 0.00 0.00 926.77 926.77 Signature FCU VA4.4 1/31/2028 82671 DAB3 0.000 2/28/2026 2/28/2026 1/31/2028 0.00 0.00 837.08 837.08 Signature FCU VA 4.4 1/31/2028 82671 DAB3 0.000 1 /31 /2026 1 /31 /2026 1/31/2028 0.00 0.00 926.77 926.77 Simmons Bank f/k/a Landmark 51507LCC6 0.000 1/22/2026 1/22/2026 1/22/2026 0.00 0.00 105.32 105.32 Comm. 0.5 1/22/2026 SkyOne FCU CA 3.9 10/25/2028 83088XAR9 0.000 3/25/2026 3/25/2026 10/25/2028 0.00 0.00 741.96 741.96 SkyOne FCU CA 3.9 10/25/2028 83088XAR9 0.000 2/25/2026 2/25/2026 10/25/2028 0.00 0.00 821.46 821.46 SkyOne FCU CA 3.9 10/25/2028 83088XAR9 0.000 1/26/2026 1/26/2026 10/25/2028 0.00 0.00 821.46 821.46 SNB Bank, NA OK 4.1 8/14/2028 78470MBS6 0.000 3/16/2026 3/16/2026 8/14/2028 0.00 0.00 780.01 780.01 SNB Bank, NA OK 4.1 8/14/2028 78470MBS6 0.000 2/17/2026 2/17/2026 8/14/2028 0.00 0.00 863.58 863.58 SNB Bank, NA OK 4.1 8/14/2028 78470MBS6 0.000 1/14/2026 1/14/2026 8/14/2028 0.00 0.00 863.58 863.58 Sound Credit Union WA4.15 83616HAH7 0.000 3/2/2026 3/2/2026 6/2/2028 0.00 0.00 789.52 789.52 6/2/2028 Sound Credit Union WA4.15 83616HAH7 0.000 2/2/2026 2/2/2026 6/2/2028 0.00 0.00 874.12 874.12 6/2/2028 Sound Credit Union WA4.15 6/2/2028 83616HAH7 0.000 1/2/2026 1/2/2026 6/2/2028 0.00 0.00 874.12 874.12 Southern Bank GA4.25 1/28/2026 84229LBA9 0.000 1/28/2026 1/28/2026 1/28/2026 0.00 0.00 2,613.81 2,613.81 Southern Bank MO 4.2 5/17/2028 843383CS7 0.000 3/17/2026 3/17/2026 5/17/2028 0.00 0.00 799.04 799.04 Southern Bank MO 4.2 5/17/2028 843383CS7 0.000 2/17/2026 2/17/2026 5/17/2028 0.00 0.00 884.65 884.65 Southern Bank MO 4.2 5/17/2028 843383CS7 0.000 1/20/2026 1/20/2026 5/17/2028 0.00 0.00 884.65 884.65 Southern Bank of TN 4.35 84229QAC5 0.000 3/12/2026 3/12/2026 7/12/2029 0.00 0.00 827.57 827.57 7/12/2029 Southern Bank of TN 4.35 84229QAC5 0.000 2/12/2026 2/12/2026 7/12/2029 0.00 0.00 916.24 916.24 7/12/2029 Southern Bank of TN 4.35 84229QAC5 0.000 1/12/2026 1/12/2026 7/12/2029 0.00 0.00 916.24 916.24 7/12/2029 Southern States Bank 4.15 843879GSO 0.000 3/23/2026 3/23/2026 9/21/2026 0.00 0.00 789.52 789.52 9/21/2026 Southern States Bank 4.15 843879GSO 0.000 2/23/2026 2/23/2026 9/21/2026 0.00 0.00 874.12 874.12 9/21/2026 Southern States Bank 4.15 843879GSO 0.000 1/21/2026 1/21/2026 9/21/2026 0.00 0.00 874.12 874.12 9/21/2026 Spring Bank NY 3.7 8/27/2030 849430DM2 0.000 3/27/2026 3/27/2026 8/27/2030 0.00 0.00 703.91 703.91 St. Vincent's Medical Center FCU 85279AAC6 0.000 3/16/2026 3/16/2026 6/16/2027 0.00 0.00 875.13 875.13 4.6 6/16/2027 616/2 St. Vincent's Medical Center FCU 85279AAC6 0.000 2/17/2026 2/17/2026 6/16/2027 0.00 0.00 968.90 968.90 4.6 6/16/2027 616/2 St. Vincent's Medical Center FCU 85279AAC6 0.000 1/16/2026 1/16/2026 6/16/2027 0.00 0.00 968.90 968.90 4.6 6/16/2027 616/2 Stearns Bank, NA MN 4.2 8/9/2027 857894Q51 0.000 2/9/2026 2/9/2026 8/9/2027 0.00 0.00 5,166.12 5,166.12 Sunwest Bank 3.55 9/28/2029 86804DDGO 0.000 3/30/2026 3/30/2026 9/28/2029 0.00 0.00 723.62 723.62 Sunwest Bank 3.55 9/28/2029 86804DDGO 0.000 2/28/2026 2/28/2026 9/28/2029 0.00 0.00 699.50 106 699.50 Description CUSIP/Ticker YTM @ Cost Trade Date Settlement Date Maturity Date Face Amount/Shares Principal Price Interest/Dividends Total Sunwest Bank 3.55 9/28/2029 86804DDGO 0.000 1/30/2026 1/30/2026 9/28/2029 0.00 0.00 747.74 747.74 Synchrony Bank 0.9 9/3/2026 87165ET98 0.000 3/3/2026 3/3/2026 9/3/2026 0.00 0.00 1,093.44 1,093.44 Technology Credit Union CA 5 87868YAQ6 0.000 3/2/2026 3/2/2026 5/29/2026 0.00 0.00 951.23 951.23 5/29/2026 Technology Credit Union CA 5 87868YAQ6 0.000 2/2/2026 2/2/2026 5/29/2026 0.00 0.00 1,053.15 1,053.15 5/29/2026 Technology Credit Union CA 5 87868YAQ6 0.000 1/2/2026 1/2/2026 5/29/2026 0.00 0.00 1,053.15 1,053.15 5/29/2026 Texas Exchange Bank 3.7 9/6/2029 88241TSW1 0.000 3/6/2026 3/6/2026 9/6/2029 0.00 0.00 703.91 703.91 Texas Exchange Bank 3.7 9/6/2029 88241TSW1 0.000 2/6/2026 2/6/2026 9/6/2029 0.00 0.00 779.33 779.33 Texas Exchange Bank 3.7 9/6/2029 88241TSW1 0.000 1/6/2026 1/6/2026 9/6/2029 0.00 0.00 779.33 779.33 The Genoa Banking Co. 4.6 372348DJ8 0.000 3/30/2026 3/30/2026 11/28/2028 0.00 0.00 875.13 875.13 11/28/2028 The Genoa Banking Co. 4.6 11/28/2028 372348DJ8 0.000 2/28/2026 2/28/2026 11/28/2028 0.00 0.00 968.90 968.90 The Genoa Banking Co. 4.6 372348DJ8 0.000 1/28/2026 1/28/2026 11/28/2028 0.00 0.00 968.90 968.90 11/28/2028 The Greenwood's State Bank WI 397417AQ9 0.000 3/17/2026 3/17/2026 5/17/2027 0.00 0.00 580.25 580.25 3.05 5/17/2027 The Greenwood's State Bank WI 397417AQ9 0.000 2/17/2026 2/17/2026 5/17/2027 0.00 0.00 642.42 642.42 3.05 5/17/20277/2027 The Greenwood's State Bank WI 397417AQ9 0.000 1/20/2026 1/20/2026 5/17/2027 0.00 0.00 642.42 642.42 3.05 5/17/2027 Third Federal Savings &Loan 3.3 88413QDN5 0.000 2/19/2026 2/19/2026 8/19/2027 0.00 0.00 4,075.73 4,075.73 8/19/2027 T-Note 0.375 1/31/2026 91282CBH3 0.000 1/31/2026 1/31/2026 1/31/2026 0.00 0.00 937.50 937.50 T-Note 0.5 2/28/2026 91282CBQ3 0.000 2/28/2026 2/28/2026 2/28/2026 0.00 0.00 3,125.00 3,125.00 T-Note 0.625 7/31 /2026 91282CCP4 0.000 1/31/2026 1/31/2026 7/31 /2026 0.00 0.00 3,125.00 3,125.00 T-Note 0.75 3/31/2026 91282CBT7 0.000 3/31/2026 3/31/2026 3/31/2026 0.00 0.00 3,750.00 3,750.00 T-Note 0.75 8/31/2026 91282CCW9 0.000 2/28/2026 2/28/2026 8/31/2026 0.00 0.00 5,625.00 5,625.00 T-Note 1.5 1 /31 /2027 912828Z78 0.000 1/31/2026 1/31/2026 1 /31 /2027 0.00 0.00 7,500.00 7,500.00 T-Note 1.875 7/31 /2026 912828Y95 0.000 1/31/2026 1/31/2026 7/31 /2026 0.00 0.00 9,375.00 9,375.00 T-Note 2.25 8/15/2027 9128282RO 0.000 2/17/2026 2/17/2026 8/15/2027 0.00 0.00 11,250.00 11,250.00 T-Note 2.5 3/31/2027 91282CEF4 0.000 3/31/2026 3/31/2026 3/31/2027 0.00 0.00 12,500.00 12,500.00 T-Note 2.625 2/15/2029 9128286B1 0.000 2/17/2026 2/17/2026 2/15/2029 0.00 0.00 13,125.00 13,125.00 T-Note 2.75 7/31/2027 91282CFB2 0.000 1/31/2026 1/31/2026 7/31/2027 0.00 0.00 27,500.00 27,500.00 T-Note 3.125 8/31/2027 91282CFH9 0.000 2/28/2026 2/28/2026 8/31/2027 0.00 0.00 7,812.50 7,812.50 T-Note 3.5 1 /31 /2028 91282CGH8 0.000 1/31/2026 1/31/2026 1 /31 /2028 0.00 0.00 35,000.00 35,000.00 T-Note 3.5 1 /31 /2030 91282CGJ4 0.000 1/31/2026 1/31/2026 1 /31 /2030 0.00 0.00 17, 500.00 17,500.00 T-Note 3.5 9/30/2029 91282CLN9 0.000 3/31/2026 3/31/2026 9/30/2029 0.00 0.00 17,500.00 17,500.00 T-Note 3.625 3/31/2028 91282CGT2 0.000 3/31/2026 3/31/2026 3/31/2028 0.00 0.00 54,375.00 54,375.00 T-Note 3.625 8/31/2029 91282CLK5 0.000 2/28/2026 2/28/2026 8/31/2029 0.00 0.00 36,250.00 36,250.00 T-Note 3.625 8/31/2030 91282CNX5 0.000 2/28/2026 2/28/2026 8/31/2030 0.00 0.00 36,250.00 36,250.00 107 Description CUSIP/Ticker T-Note 3.625 9/30/2030 91282CPA3 T-Note 3.875 7/15/2028 91282CNM9 T-Note 3.875 7/31/2030 91282CNN7 T-Note 3.875 9/30/2029 91282CFLO T-Note 4 1/15/2027 91282CJT9 T-Note 4 2/28/2030 91282CGQ8 T-Note 4 3/31/2030 91282CMU2 T-Note 4 7/31/2029 91282CLC3 T-Note 4 7/31/2030 91282CHR5 T-Note 4.125 3/31/2029 91282CKG5 T-Note 4.125 3/31/2031 91282CKF7 T-Note 4.125 9/30/2027 91282CFM8 T-Note 4.25 1/31/2026 91282CJV4 T-Note 4.25 1/31/2030 91282CMG3 True Sky FCU 1.6 2/4/2027 89786MAF1 Truliant FCU NC 4.7 9/10/2027 89789AAG2 Truliant FCU NC 4.7 9/10/2027 89789AAG2 Truliant FCU NC 4.7 9/10/2027 89789AAG2 Tuscon FCU AZ 5 9/8/2028 898812AC6 Tuscon FCU AZ 5 9/8/2028 898812AC6 Tuscon FCU AZ 5 9/8/2028 898812AC6 UBS Bank USA UT 4.9 10/25/2028 90355GHG4 UBS Bank USA UT 4.9 10/25/2028 90355GHG4 UBS Bank USA UT 4.9 10/25/2028 90355GHG4 United Bankers' Bank MN 3.6 909557MF4 2/20/2030 United Fidelity Bank, fsb IN 4.5 10286GN7 g 6/29/2028 United Fidelity Bank, fsb IN 4.5 910286GN7 6/29/2028 United Fidelity Bank, fsb IN 4.5 10286GN7 g 6/29/2028 United Roosevelt Savings Bank NJ 91139LAB2 1.9 3/11/2027 United Roosevelt Savings Bank NJ 91139LAB2 1.9 3/11/2027 United Roosevelt Savings Bank NJ 1.9 3/11/2027 91139LAB2 United Teletech FCU NJ 5.1 913065ADO 11 /8/2027 United Teletech FCU NJ 5.1 913065ADO 11 /8/2027 YTM @ Settlement Face Cost Trade Date Date Maturity Date Amount/Shares Principal Price Interest/Dividends Total 0.000 3/31/2026 3/31/2026 9/30/2030 0.00 0.00 36,250.00 36,250.00 0.000 1/15/2026 1/15/2026 7/15/2028 0.00 0.00 19,375.00 19,375.00 0.000 1 /31 /2026 1 /31 /2026 7/31/2030 0.00 0.00 19, 375.00 19,375.00 0.000 3/31/2026 3/31/2026 9/30/2029 0.00 0.00 19,375.00 19,375.00 0.000 1/15/2026 1/15/2026 1/15/2027 0.00 0.00 20,000.00 20,000.00 0.000 2/28/2026 2/28/2026 2/28/2030 0.00 0.00 40,000.00 40,000.00 0.000 3/31/2026 3/31/2026 3/31 /2030 0.00 0.00 20,000.00 20,000.00 0.000 1 /31 /2026 1 /31 /2026 7/31 /2029 0.00 0.00 20,000.00 20,000.00 0.000 1 /31 /2026 1 /31 /2026 7/31/2030 0.00 0.00 20,000.00 20,000.00 0.000 3/31/2026 3/31/2026 3/31 /2029 0.00 0.00 20,625.00 20,625.00 0.000 3/31/2026 3/31/2026 3/31/2031 0.00 0.00 20,625.00 20,625.00 0.000 3/31/2026 3/31/2026 9/30/2027 0.00 0.00 20,625.00 20,625.00 0.000 1 /31 /2026 1 /31 /2026 1 /31 /2026 0.00 0.00 21,250.00 21,250.00 0.000 1 /31 /2026 1 /31 /2026 1 /31 /2030 0.00 0.00 21,250.00 21,250.00 0.000 2/4/2026 2/4/2026 2/4/2027 0.00 0.00 1,976.11 1,976.11 0.000 3/10/2026 3/10/2026 9/10/2027 0.00 0.00 894.16 894.16 0.000 2/10/2026 2/10/2026 9/10/2027 0.00 0.00 989.96 989.96 0.000 1/12/2026 1/12/2026 9/10/2027 0.00 0.00 989.96 989.96 0.000 3/9/2026 3/9/2026 9/8/2028 0.00 0.00 951.23 951.23 0.000 2/9/2026 2/9/2026 9/8/2028 0.00 0.00 1,053.15 1,053.15 0.000 1 /8/2026 1 /8/2026 9/8/2028 0.00 0.00 1,053.15 1,053.15 0.000 3/25/2026 3/25/2026 10/25/2028 0.00 0.00 932.21 932.21 0.000 2/25/2026 2/25/2026 10/25/2028 0.00 0.00 1,032.09 1,032.09 0.000 1/26/2026 1/26/2026 10/25/2028 0.00 0.00 1,032.09 1,032.09 0.000 3/20/2026 3/20/2026 2/20/2030 0.00 0.00 684.89 684.89 0.000 3/30/2026 3/30/2026 6/29/2028 0.00 0.00 886.68 886.68 0.000 2/28/2026 2/28/2026 6/29/2028 0.00 0.00 917.26 917.26 0.000 1 /29/2026 1 /29/2026 6/29/2028 0.00 0.00 947.84 947.84 0.000 3/11 /2026 3/11 /2026 3/11/2027 0.00 0.00 361.47 361.47 0.000 2/11 /2026 2/11 /2026 3/11/2027 0.00 0.00 400.20 400.20 0.000 1/12/2026 1/12/2026 3/11/2027 0.00 0.00 400.20 400.20 0.000 3/9/2026 3/9/2026 11 /8/2027 0.00 0.00 970.26 970.26 0.000 2/9/2026 2/9/2026 11 /8/2027 0.00 0.00 1,074.21 1,074.21 108 Description CUSIP/Ticker United Teletech FCU NJ 5.1 913065ADO 11 /8/2027 University Bank MI 4.2 11/30/2027 914098DJ4 University Bank MI 4.2 11/30/2027 914098DJ4 University Bank MI 4.2 11/30/2027 914098DJ4 Univest Bank & Trust Co. PA 4.35 1527PBY2 91527PBY2 Univest Bank & Trust Co. PA 4.35 91527PBY2 5/12/2028 Univest Bank & Trust Co. PA 4.35 5/12/2028 91527PBY2 US Bank I Custodian MM USB3000-FUZXX US Bank I Custodian MM USB3000-FUZXX US Bank Custodian MM USB3000-FUZXX US Bank Fiscal Agent MM USB4000-6000 US Bank Fiscal Agent MM USB4000-6000 US Bank Fiscal Agent MM USB4000-6000 USAlliance Financial FCU NY 4.55 5/26/2028 90352RDB8 USAlliance Financial FCU NY 4.55 90352RDB8 5/26/2028 USAlliance Financial FCU NY 4.55 90352RDB8 5/26/2028 Utah First FCU 5 7/21/2028 91739JAB1 Utah First FCU 5 7/21/2028 91739JAB1 Utah First FCU 5 7/21/2028 91739JAB1 Valleystar Credit Union VA 5.2 92023CAJ2 11 /8/2028 Valleystar Credit Union VA 5.2 92023CAJ2 11 /8/2028 Valleystar Credit Union VA 5.2 11 /8/2028 92023CAJ2 Vibrant Credit Union IL 0.8 92559TAJ7 6/30/2026 Vibrant Credit Union IL 0.8 gJ7 6/30/2026 2559TA Vibrant Credit Union IL 0.8 92559TAJ7 6/30/2026 VisionBank MN 4.05 5/12/2028 92834ABT2 VisionBank MN 4.05 5/12/2028 92834ABT2 Wt.Ti1 �Ti17��i1►[1�r1.Y.yff'ai'ZrY�:�'Y�:BL!_13f%' VyStar Credit Union FL 4.55 3/10/2028 92891 CCZ3 VyStar Credit Union FL 4.55 92891 CCZ3 3/10/2028 YTM @ Settlement Face Cost Trade Date Date Maturity Date Amount/Shares Principal Price Interest/Dividends Total 0.000 1 /8/2026 1 /8/2026 11 /8/2027 0.00 0.00 1,074.21 1,074.21 0.000 3/30/2026 3/30/2026 11/30/2027 0.00 0.00 859.56 859.56 0.000 2/28/2026 2/28/2026 11/30/2027 0.00 0.00 830.91 830.91 0.000 1 /30/2026 1 /30/2026 11/30/2027 0.00 0.00 888.21 888.21 0.000 3/12/2026 3/12/2026 5/12/2028 0.00 0.00 827.57 827.57 0.000 2/12/2026 2/12/2026 5/12/2028 0.00 0.00 916.24 916.24 0.000 1/12/2026 1/12/2026 5/12/2028 0.00 0.00 916.24 916.24 0.000 3/31/2026 3/31/2026 N/A 0.00 0.00 7,605.70 7,605.70 0.000 2/28/2026 2/28/2026 N/A 0.00 0.00 5,369.58 5,369.58 0.000 1 /31 /2026 1 /31 /2026 N/A 0.00 0.00 1,756.42 1,756.42 0.000 3/31/2026 3/31/2026 N/A 0.00 0.00 736.72 736.72 0.000 2/28/2026 2/28/2026 N/A 0.00 0.00 97.79 97.79 0.000 1 /31 /2026 1 /31 /2026 N/A 0.00 0.00 100.45 100.45 0.000 3/26/2026 3/26/2026 5/26/2028 0.00 0.00 865.62 865.62 0.000 2/26/2026 2/26/2026 5/26/2028 0.00 0.00 958.37 958.37 0.000 1 /26/2026 1 /26/2026 5/26/2028 0.00 0.00 958.37 958.37 0.000 3/23/2026 3/23/2026 7/21/2028 0.00 0.00 939.73 939.73 0.000 2/23/2026 2/23/2026 7/21/2028 0.00 0.00 1,040.41 1,040.41 0.000 1 /21 /2026 1 /21 /2026 7/21/2028 0.00 0.00 1,040.41 1,040.41 0.000 3/9/2026 3/9/2026 11 /8/2028 0.00 0.00 985.29 985.29 0.000 2/9/2026 2/9/2026 11 /8/2028 0.00 0.00 1,090.86 1,090.86 0.000 1 /8/2026 1 /8/2026 11 /8/2028 0.00 0.00 1,090.86 1,090.86 0.000 3/2/2026 3/2/2026 6/30/2026 0.00 0.00 152.81 152.81 0.000 2/2/2026 2/2/2026 6/30/2026 0.00 0.00 169.18 169.18 0.000 1 /2/2026 1 /2/2026 6/30/2026 0.00 0.00 169.18 169.18 0.000 3/12/2026 3/12/2026 5/12/2028 0.00 0.00 770.50 770.50 0.000 2/12/2026 2/12/2026 5/12/2028 0.00 0.00 853.05 853.05 0.000 1/12/2026 1/12/2026 5/12/2028 0.00 0.00 853.05 853.05 0.000 3/2/2026 3/2/2026 3/10/2028 0.00 0.00 865.62 865.62 0.000 2/2/2026 2/2/2026 3/10/2028 0.00 0.00 958.37 958.37 109 YTM @ Settlement Face Description CUSIP/Ticker Cost Trade Date Date Maturity Date Amount/Shares Principal Price Interest/Dividends Total VyStar Credit Union FL4.55 92891CCZ3 0.000 1/2/2026 1/2/2026 3/10/2028 0.00 0.00 958.37 958.37 3/10/2028 Workers FCU MA 5.2 10/30/2028 98138MCA6 0.000 3/30/2026 3/30/2026 10/30/2028 0.00 0.00 1,059.95 1,059.95 Workers FCU MA 5.2 10/30/2028 98138MCA6 0.000 2/28/2026 2/28/2026 10/30/2028 0.00 0.00 1,024.61 1,024.61 Workers FCU MA 5.2 10/30/2028 98138MCA6 0.000 1/30/2026 1/30/2026 10/30/2028 0.00 0.00 1,095.28 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 313OAKN28 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 taQu�tra 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 Book. l+aloe 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 City of La Quinta I CA taOU L�I, a Total Rate of Return - Book Value by Month CALIFORNIA 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 278,616,822.36 845,212.70 1,014.04 846,226.74 279,414,568.58 0.30 3.70 3.95 5/31/2025 279,516,839.23 876,727.11 5,680.00 882,407.11 280,086,218.94 0.32 3.85 4.08 6/30/2025 283,148,352.10 910,946.04 0.00 910,946.04 288,553,883.87 0.32 3.85 4.06 7/31/2025 302,419,111.27 909,923.72 0.00 909,923.72 300,361,848.07 0.30 3.70 4.08 8/31/2025 299,222,679.15 893,348.81 0.00 893,348.81 294,909,330.40 0.30 3.70 3.89 9/30/2025 297,778,740.48 877,414.56 0.00 877,414.56 282,986,111.90 0.31 3.78 3.66 10/31/2025 282,073,670.88 864,680.58 0.00 864,680.58 279,470,999.73 0.31 3.78 3.61 11/30/2025 277,672,078.90 817,200.48 0.00 817,200.48 274,612,199.89 0.30 3.63 3.66 12/31/2025 276,056,529.36 877,511.09 -4,588.00 872,923.09 277,170,253.09 0.31 3.85 3.54 1/31/2026 290,960,207.13 909,305.09 0.00 909,305.09 304,371,568.36 0.30 3.64 3.51 2/28/2026 307,057,679.00 852,746.03 0.00 852,746.03 307,900,337.30 0.28 3.37 3.48 3/31/2026 311,488,555.02 947,756.55 8,896.00 956,652.55 311,197,435.03 0.31 3.75 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 3.77 112 City of La Quinta I CA ta 0aixta Distribution by Asset Category - Market Value CALIFORNIA RNIA - All Portfolios Begin Date: 12/31/2025, End Date: 3/31/2026 Asset Category Market Value 12/31/2025 % of Portfolio 12/31/2025 Market Value 3/31/2026 % of Portfolio 3/31/2026 Certificate of Deposits 130 % 37,375,190.41 12.88 36,751,227.42 12.23 Checking I Savings I Sweep Accounts 1,688,798.02 0.58 1,779,979.57 0.59 Corporate Notes 130 % 4,528,065.00 1.56 3,995,680.00 1.33 Investment Pools 84,113,346.18 28.98 99,594,188.75 33.15 Money Market Mutual Funds 120 % 18,316,507.37 6.31 10,112,393.50 3.37 Trusts Not Subject to Policy 8,829,363.48 3.04 8,802,826.76 2.93 US Agency 1100 % 60,308,376.00 20.78 60,535,566.00 20.15 US Treasury 1100 % 75,057,775.00 25.86 78,856,555.00 26.25 Total / Average 290,217,421.46 100.00 300,428,417.00 100.00 12.88%-Certificate u,,, 0.58%-Checking I Sa'1,,, 1.56%-Corporate Note,,, 28.98%-In c-trnentPo,,, 6.31 %-h,loney rnarl:ct PI,., 3.04%-Trusts Hot'=;ub... 20.78%-USAgency 11... e 25.869%-USTreasury 12.23%-Certificate o.,, 0,5996-Checl::in.) I _;a ... 1.33%-Corporate Hate,,, 33.15%-In.-estri,ent Pc-.,. 3.37%-P9oneyPAark:etr ... 2.93% -Trusts root Sub... 2 0. 15 -USA-3enc, I1... i a 26.25%-USTreasury I... 113 taQu�tra 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 RangeMaturity • • Market Value % of Portfolio Market Value %. of Portfolio Maturity Range 12/31/2025 12/31/2025 3/31/2026 3/31/2026 0-1 Month 84,437,939.49 29.09 92,524,445.29 30.80 1-3 Months 5,466,897.33 1.88 34,971,650.76 11.64 3-6 Months 37,185,803.07 12.81 7,166,036.43 2.39 6-9 Months 7,135,045.36 2.46 7,650,087.05 2.55 9-12 Months 8,843,548.38 3.05 9,078,157.88 3.02 1-2 Years 33,092,418.13 11.40 33,867,232.48 11.27 2-3 Years 35,995,159.71 12.40 36,543,704.62 12.16 3-4 Years 36,470,664.65 12.57 39,697,687.45 13.21 4-5 Years 41,589,945.34 14.33 38,929,415.04 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 12/31/2025 6-9 M 3/31/2026 3-6 M 1-3 M n-1 M u 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000 100,000 In Thousands 114 City of La Quinta I CA ta Qaiwra Distribution by Portfolio Name - Market Value CALIFORNIA RNIA - All Portfolios Begin Date: 12/31/2025, End Date: 3/31/2026 Portfolio Name Market Value 12/31/2025 % of Portfolio 12/31/2025 Market Value 3/31/2026 % of Portfolio 3/31/2026 CAMP 56,388,975.17 19.43 56,638,622.81 18.85 CERBT OPEB Trust 2,358,622.81 0.81 2,367,190.06 0.79 Fiscal Agent - Debt Service 36,246.57 0.01 5,864.92 0.00 Fixed Income Investments 177,269,406.41 61.08 180,139,028.42 59.96 Housing Authority - LQPR 234,927.66 0.08 254,955.13 0.08 Housing Authority - DPME 1,450,570.36 0.50 1,521,724.44 0.51 Housing Authority - LAIF 2,281,206.07 0.79 2,300,264.53 0.77 LAW 25,443,164.94 8.77 40,655, 301.41 13.53 Money Market at Custodian 361,779.14 0.12 1,101,108.44 0.37 Operating Funds 17,921,781.66 6.18 9,008,720.14 3.00 PARS Pension Trust 6,470,740.67 2.23 6,435,636.70 2.14 Total / Average 290,217,421.46 100.00 300,428,417.00 100.00 19.43%-CAMP 0.61 %-CERBT,:=-PEBTnj... q 0.01'?.-Fiscal µgent-,,, 61.0;='A.-FixedlnC?nie... f 0.08 %-Housing Author... 0.5%-Housing Authori,,. 0.79%-Housirtq Author.,. 8.77% LAIF 0.12%-h+1on«:, P9ark:et a... 6.18%-Op«rating Fund,.. 2.23%-PARS PensionT... 18.85%-CAMP 0.79%-C:ERBT 0PEE.Tnj... ! 01.,.,-Fisc 31 Agent- De... 59.96%-Fixed Income ,.. i .08=?�-Housing Author'... 0.51' _-HousingAuthor... • 0,779.b-Housinq Author,,, 12.5=.:-L4IF ..- _-perating Furnis 2,14%-PARS PensionT.. 115 ta Qa�tra 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 Date Treasury 1 Year Economic Indicator 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 4.50 4.00 3.50 3.00 2.50 Treasury 1 year 2.00 u Treasury 5 1.50 Year 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 116 City of La Quinta I CA taOu L�I, ra Economic Indicator CALIFORNIA CPI VS. Unemployment Rate Begin Date: 4/30/2025, End Date: 3/31/2026 Date CPI Economic Indicator 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 5.00 4.00 3.00 CPI 2.00 • Unemployment Rate 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 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 � �r � � 10 Yr 20 yr 30 yr Annualized city Total Rate Portfolio of Return 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 2/2712026 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 TREASURY RATES AND PORTFOLIO RETURNS -1-YrTreasury t'-1r7reasury tAnnualizedToMRate ofReUm -rf- "PortfdioYTM 57 A 7- 1.5r. auu 3; 3 Sr, 31` 3M 2 75 i 50 ,tit ,�► ,tis ,L4 ,ti► ,tib ry> tie ,tie ,tib ,tib ,tih h ,ti0 by ,ti9 ,tih ,tih .ti5 ,fib 1b 'ti0 ,ti0 PCs ,ti0 ,ti0 ,ti0 ,ti0 ,ti0 ,ti0 ,ti0 \ry0 ,ti0 ,tiC ,ti0 „O ,ti0" ,ti0 ,LO ,ti0 �0 ,ti0 ,ti0 ,ti0 ,ti0 ,ti0 ,ti0 ti0 O ♦�1 ry�'S ♦59 'l� 'b�'� ►�^! ;: "' 1�9 0,ti q�7 O�h ♦4 M1�b ♦�'! Sti '�7 118 City of La Quints STUDY SESSION ITEM NO. 1 CITY COUNCIL MEETING: May 19, 2026 STAFF REPORT AGENDA TITI 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. A second City Council budget study session on June 2, 2026 will cover Special Revenue Funds, Capital Funds, and Enterprise Funds of the City. • All departments evaluated budget requests 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 May 19 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, 2025/26 budget and year- to-date activity, and projections for 2026/27 as proposed. 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. 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: httr)s://www.laguintaca.gov/our-city/city-departments/finance/budget/[)rol)osed-budget-2026-27-timeline 119 2/11/2026 Annual Community Workshop City Council Meeting 3/17/2026 Proposed Capital Improvement Program (CIP) Study Session Financial Advisory Commission Meeting 4/8/2026 Proposed Capital Improvement Program (CIP) Study Session Financial Advisory Commission Meeting 5/13/2026 Preliminary General Fund Revenue & Expense Projections City Council Meeting 5/19/2026 Budget Study Session #1 (General Fund and Internal Service Funds focus) City Council Meeting 6/2/2026 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 O eratin 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. HL-TERNATIVES The Council may wish to request further information regarding specific items and provide direction regarding next steps in the overall budget process, prior to budget adoption scheduled for June 16, 2026. Prepared by: Claudia Martinez, Finance Director/City Treasurer Jon McMillen, City Manager Attachment: 1. Fiscal Year 2026/27 Proposed Budget Overview 120 2026127 PROPOSED BUDGET STUDY SESSION #1 ATTACHMENT 1 ta 0"&(V CAL11 ORNIA - 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. Revenues $ 92,769,600 Less Operating/CIP Expenses (94,718,335) Preliminary Budget Surplus/(Deficit) (1,948,735) Use of Measure G Reserves 2,000,000 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: Tax Revenues 64,510,000 68,265,000 68,480,000 215,000 Licenses & Permits 2,329,700 2,329,700 2,384,500 54,800 Intergovernmental 12,353,000 12,853,000 13,103,000 250,000 Charges for Services 1,032,450 1,112,450 1,035,500 (76,950) Fines, Forefeitures & Abatements 347,500 347,500 275,000 (72,500) Use of Money & Property/Misc. 6,676,100 6,776,100 7,491,600 715,500 Transfers In 4,993,504 4,993,504 - (4,993,504) 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 Fund 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 • Transient Occupancy Taxes (TOT) $15,525,000 • Property Taxes $14,265,000 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. City Council 347,700 347,700 373,560 25,860 City Manager Department 2,008,900 2,175,566 2,169,220 (6,346) Marketing & Community Relations 1,975,740 1,990,740 2,277,330 286,590 City Attorney 1,100,000 1,100,000 1,200,000 100,000 Human Resources 881,900 881,900 959,050 77,150 City Clerk Department 1,658,070 1,658,070 1,714,870 56,800 Police 21,692,000 21,762,000 23,387,800 1,625,800 Fire 11,656,212 12,056,212 12,606,297 550,085 Community Services Administration 578,000 578,000 545,440 (32,560) Wellness Center Operations 731,150 731,150 813,570 82,420 Recreational Programs & Events 2,475,600 2,475,600 2,502,860 27,260 Code Compliance/Animal Control 1,973,740 1,973,740 1,999,650 25,910 Public Safety Administration 385,014 385,014 347,855 (37,159) Parks Maintenance 4,731,650 4,731,650 5,123,250 391,600 Public Buildings 2,045,357 2,045,357 2,263,170 217,813 Public Works Administration 865,900 865,900 816,490 (49,410) Public Works Development Services 552,700 572,700 718,950 146,250 Streets Department- Traffic 1,190,750 1,190,750 1,154,140 (36,610) Engineering Services 1,359,700 1,359,700 1,357,160 (2,540) Design & Development Administration 734,300 734,300 755,940 21,640 Planning 1,592,800 1,592,800 1,745,160 152,360 Building 1,610,100 1,610,100 1,600,420 (9,680) The Hub 1,419,650 1,419,650 1,385,940 (33,710) Finance 2,368,900 2,368,900 2,266,780 (102,120) Centralized Services 26,886,355 70,166,597 24,633,433 (45,533,164) 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 CalPERS rate increases, responding to labor market adjustments, and to address staffing needs, a 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: Equipment Replacement 2,477,527 1,800,257 (677,270) Information Technology 4,295,820 2,864,435 (1,431,385) Park Equipment 1,435,000 1,131,205 (303,795) Insurance Fund 1,242,600 1,310,400 67,800 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. 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 loth meeting. Measure G Sales Tax Revenue $ 16,000,000 Police Services (4,000,000) Caaital Imarovements (14.000.000) REVENUE MEASURE G AND USES SUMMARY Fiscal Year (FY) FY 2026/27 REVENUE SUMMARY 2016/17 Actual $ 1,462,650 2017/18 Actual 9,967,657 2018/19 Actual 10,958,118 2019/20 Actual 10,310,526 2020/21 Actual 12,594,389 2021/22 Actual 15,615,802 2022/23 Actual 16,088,087 2023/24 Actual 15,471,183 2024/25 Actual 15,638,218 2025/26 Budget (Current) 14,400,000 2026/27 Budget(Proposed) 16,000,000 TOTAL $ 138,506,630 MEASURE G scal Year USES- Historical Project Description Operational Capital Reserves Total by Year [201i/17-2023/2,Total Operational- Public Safety 25,908,000 Total Capital- Various 33,075,038 33,485,374 92,468,412 MEASURE G 2024/25 USES- Prior 3 Fiscal Years Public Safety Contract Services 7,300,000 Pavement Management Plan Street Improvements 1,000,000 Corporate Yard Administration Offices & Crew Quarters 900,000 Village Art Plaza Promenade & Cultural Campus 1,000,000 Highway 111 Corridor Area Plan Implementation 3,050,000 Fritz Burns Park Improvements 5,000,000 Citywide Dog Park Improvements 500,000 Welcome Center Improvements 750,000 Measure G Reserves 2024/25 (3,861,782) 15,638,218 2025/26 Public Safety Contract Services Pavement Management Plan Street Improvements 2,000,000 Maintenance & Operations Yard 9,800,000 Cultural Campus 1,200,000 Highway 111 Corridor Area Plan Implementation 1,000,000 Miles Avenue Pavement Rehabilitation 1,000,000 Measure G Reserves 2025/26 (600,000) 14,400,000 2026/27 Public Safety Contract Services 4,000,000 Pavement Management Plan Street Improvements 1,000,000 Maintenance & Operations Yard 8,000,000 Cultural Campus 4,000,000 Highway 111 Corridor Area Plan Implementation 1,000,000 Measure G Reserves 2026/27 2,000,000 16,000,000 TOTAL $ 37,208,000 $ 74,275,038 $ 27,023,592 $ 138,506,630 27% 54% 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.laguintaca.gov/our-city/city-departments/finance/budget/proposed-budget-2026-27-timeline PUBLICDATES FISCAL - 2026127 BUDGET2/11/2026 Annual Communitv Workshop City Council Meeting 3/17/2026 Proposed Capital I m roven-ent Program Q P) Study Session 4/8/2026 Financial Advisory Commission Meeting Proposed Capital I mprovement Program ((D P) Study Session Financial Advisory Commission Meeting 5/13/2026 Preliminary General Fund Revenue & Expense Projections City Council Meeting 5/19/2026 Budget Study Session #1 (General Fund and Internal Service Funds focus City Council Meeting 6/2./2026 Budget Study Session 42 (Al Appropriations- General Fund. Internal Service Funds. Enterprise. and Special Revenue Funds) 6/212026 Housing Authority Meeting Budget Studv Session 91(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 Q P Budget Adoption 6/16/2026 Housing Authority Meeting Budget Adoption 128 EXHIBT A IHiE DESER1 too �f City of La Quinta 2026/27 Proposed Budget Y , ' Ar. .� - ��� 1. - �rii�5}r't t ^L � �.fi r1F�` r•y' � . �; `• 5 � � � L ;4. � ;i ,��` �~, - -� � ` r THIS PAGE INTENTIONALLY LEFT BLANK 130 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. . - 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 City Council Meeting 5/19/2026 Budget Study Session #1 (General Fund and Internal Service Funds focus) City Council Meeting 6/2/2026 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 131 CITY OF LA QUINTA FY 2026/27 PROPOSED BUDGET ESTIMATED CURRENT RESOURCES: - REVENUES: TAX REVENUES $ 68,480,000 LICENSES & PERMITS 2,384,500 INTERGOVERNMENTAL 13,103,000 CHARGES FOR SERVICES 1,035,500 FINES, FOREFEITURES & ABATEMENTS 275,000 USE OF MONEY & PROPERTY/MISCELLANEOUS 7,491,600 ESTIMATED CURRENT REQUIREMENTS: EXPENDITURES: CITY COUNCIL $ 373,560 CITY MANAGER DEPARTMENT 5,405,600 CITY MANAGER'S DIVISION 2,169,220 HUMAN RESOURCES 959,050 MARKETING/COMMUNITY RELATIONS 2,277,330 CITY ATTORNEY 1,200,000 CITY CLERK DEPARTMENT 1,714,870 COMMUNITY SERVICES 3,861,870 COMMUNITY SERVICES ADMINISTRATION 545,440 WELLNESS CENTER OPERATIONS 813,570 RECREATION PROGRAMS/SPECIAL EVENTS 2,502,860 PUBLIC SAFETY 38,341,602 POLICE 23,387,800 FIRE 12,606,297 CODE COMPLIANCE/ANIMAL CONTROL 1,999,650 PUBLIC SAFETY ADMINISTRATION 347,855 PUBLIC WORKS 11,433,160 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 5,487,460 DESIGN & DEVELOPMENT ADMINISTRATION 755,940 PLANNING 1,745,160 BUILDING 1,600,420 THE HUB 1,385,940 FISCAL SERVICES 26,900,213 FINANCE 2,266,780 CENTRAL SERVICES (Includes CIP) 24,633,433 PRELIMINARY BUDGET SURPLUS/(DEFICIT) $ (1,948,735 USE OF MEASURE G SALES TAX RESERVES 2,000,000 2 132 CITY OF LA QUINTA GENERAL FUND REVENUE FY 2026/27 PROPOSED BUDGET 2024/25 2025/26 2025/26 2025/26 2026/27 26/27 vs. % Change Actuals Original Budaet Current Budget YTD Activity* Proposed Current 25/26 in Budget 310 - Tax Revenues 101-0000-40310 Property Tax Revenue 3,697,231 3,950,000 3,950,000 2,300,117 3,815,000 (135,000) -3% 101-0000-40311 No -Low City Property Ta> 6,306,684 6,500,000 6,500,000 3,550,909 6,500,000 0 0% 101-0000-40315 RPTTF Pass Through 3,690,166 3,875,000 3,875,000 1,978,092 3,950,000 75,000 2% 101-0000-41320 State Sales Tax 12,236,228 11,600,000 12,600,000 7,186,975 12,750,000 150,000 1% 101-0000-41326 Measure G Sales Tax 15,638,218 14,400,000 15,900,000 9,296,816 16,000,000 100,000 1% 101-0000-41327 Document Transfer Tax 970,653 675,000 975,000 602,516 950,000 (25,000) -3% 101-0000-41400 TOT - Hotels 9,482,823 8,875,000 9,475,000 6,729,397 9,500,000 25,000 0% 101-0000-41401 TOT - Short Term Vac. Ri 6,014,109 5,525,000 5,725,000 3,344,106 5,600,000 (125,000) -2% 101-0000-41402 TOT - Bed and Breakfast 108,460 100,000 100,000 40,721 100,000 0 0% 101-0000-41416 TOT - Resort Fees 344,450 315,000 315,000 317,507 325,000 10,000 3% 101-0000-41505 Franchise Taxes - Burrtec 1,423,957 1,475,000 1,475,000 832,841 1,505,000 30,000 2% 101-0000-41508 Southern California Gas F 200,106 250,000 250,000 0 225,000 (25,000) -10% 101-0000-41509 Cable Television Franchis 594,597 600,000 600,000 255,667 525,000 (75,000) -13% 101-0000-41510 Communications Franchi< 111,976 120,000 120,000 38,098 100,000 (20,000) -17% 101-0000-41800 Property Tax in Lieu of VI 6,046,467 6,250,000 6,405,000 3,232,077 6,635,000 230,000 4% 310 - Tax Revenues Totals: 66,866,127 64,510,000 68,265,000 39,705,839 68,480,000 215,000 00/0 320 - Licenses & Permits 101-0000-41411 STVR Inspection Fee 650 1,000 1,000 664 500 (500) -50% 101-0000-41415 STVR Registration Fee 907,703 900,000 900,000 768,200 900,000 0 0% 101-0000-41600 Business Licenses 391,328 300,000 300,000 365,049 300,000 0 0% 101-0000-41602 STVR Business Licenses 51,315 50,000 50,000 44,120 50,000 0 0% 101-0000-41610 Film Permits 1,342 1,200 1,200 1,431 1,200 0 0% 101-0000-42400 Building Permits 437,336 340,000 340,000 460,578 340,000 0 0% 101-0000-42401 Plumbing Permits 67,769 50,000 50,000 74,589 50,000 0 0% 101-0000-42402 Mechanical Permits 78,753 65,000 65,000 89,581 65,000 0 0% 101-0000-42403 Electrical Permits 67,981 50,000 50,000 103,441 50,000 0 0% 101-0000-42404 Miscellaneous Permits 190,347 160,000 160,000 161,677 160,000 0 0% 101-0000-42405 Garage Sale Permits 6,060 4,500 4,500 4,520 4,000 (500) -11% 101-0000-42408 Grading Permits 6,293 5,000 5,000 14,079 5,000 0 0% 101-0000-42420 Fire Plan Review Fee 116,374 95,000 95,000 103,952 95,000 0 0% 101-0000-42421 Fire Inspection Fee - Nevi 20,573 80,000 80,000 22,786 20,000 (60,000) -75% 101-0000-42422 Fire Inspection Fee - Stai 0 0 0 6,068 8,000 8,000 0% 101-0000-42430 Transportation Permits 1,444 1,000 1,000 1,152 1,000 0 0% 101-0000-42431 Conditional Use Permits 22,920 15,000 15,000 33,336 20,000 5,000 33% 101-0000-42433 Minor Use Permit 0 3,000 3,000 3,582 1,800 (1,200) -40% 101-0000-42434 Sign Permit 29,871 16,000 16,000 11,069 22,000 6,000 38% 101-0000-42435 Site Development Permit 70,981 60,000 60,000 89,520 58,000 (2,000) -3% 101-0000-42436 Final Landscaping Plans 21,178 10,000 10,000 11,936 12,000 2,000 20% 101-0000-42437 Development Agreement 9,069 4,000 4,000 8,388 5,000 1,000 25% 101-0000-42439 Temporary Use Permit 16,721 10,000 10,000 9,590 7,000 (3,000) -30% 101-0000-43632 Public Works Permits 157,140 100,000 100,000 97,404 200,000 100,000 100% 101-0000-43638 NPDES Inspections 9,197 9,000 9,000 9,221 9,000 0 0% 320 - Licenses & Permits Totals: 2,682,345 2,329,700 2,329,700 2,495,934 2,384,500 54,800 2% 133 3 CITY OF LA QUINTA GENERAL FUND REVENUE FY 2026/27 PROPOSED BUDGET 2024/25 Actuals 2025/26 Original Budget 2025/26 Current Budget 2025/26 YTD Activity* 2026/27 Proposed 26/27 vs. Current 25/26 % Change in Budget 330 - Intergovernmental 101-0000-41710 State Gov't Revenue 5,707 0 0 0 I 0 0 0% 101-0000-42500 Fire Service Credit 13,056,502 12,100,000 12,600,000 7,034,596 12,850,000 250,000 2% 101-0000-43100 FEMA 339,183 0 0 2,888 0 0 0% 101-0000-43633 CSA 152 Assessments 567,236 250,000 250,000 640,838 250,000 0 0% 101-0000-43634 CVWD 0 0 0 2,258 0 0 0% 101-0000-43650 Contributions from Other Agencies 3,000 3,000 3,000 0 3,000 0 0% 330 - Intergovernmental Totals: 13,971,627 12,353,000 12,853,000 7,6801581 13,103,000 250,000 2% 340 - Charges for Services 101-0000-42200 Leisure Enrichment 8,704 101-0000-42210 Youth Sports nrichment51,135 101-0000-42211 Adult Sports se Fee 4,549 101-0000-42212 Facility Rentals vents 28,379 101-0000-42213 Special Events hips 510 101-0000-42214 Wellness Center Leisure E 49,082 101-0000-42215 Parking Lot/Open Space U 4,840 101-0000-42216 Wellness Center Special E ecks 752 101-0000-42218 Wellness Center Members 121,098 101-0000-42300 Cash Over/Short gement 462 101-0000-42303 NSF Charges 75 101-0000-42412 Minor Adjustment, Plan Ch s, Project;SB499 101-0000-42415 Tentative Tract Map ew 47,335 101-0000-42416 Digitization/Records Mana 43,217 101-0000-42417 Modification by Applicant t 2,806 101-0000-42440 Appeals - Permits, License 3,066 101-0000-42441 Planning Compliance Revi 48 101-0000-42443 Zone Change 15,788 101-0000-42445 Environmental Assessmen 183 101-0000-42446 General Plan Amendment 5,998 101-0000-42447 Home Occupations 6,189 101-0000-42448 Tentative Parcel Map 0 101-0000-42451 Specific Plan 19,817 101-0000-42456 Lot Exemption Fee 0 101-0000-42460 Pre -Application Review eck Fee 0 101-0000-42600 Building Plan Check Fees 676,464 8,000 40,000 5,000 18,000 1,000 30,000 0 1,000 80,000 0 50 17,000 32,000 20,000 1,850 3,000 500 22,000 4,000 12,000 5,000 9,000 18,500 0 6800 550:000 8,000 40,000 5,000 18,000 1,000 30,000 0 1,000 80,000 0 50 17,000 32,000 20,000 1,850 3,000 500 22,000 4,000 12,000 5,000 9,000 18,500 0 6,800 550,000 4,338 22,990 2,310 29,434 0 37,712 0 1,178 101,835 1,039 1,035 23,743 27,908 18,001 4,512 6,058 7,654 2,175 4,008 0 7,662 (2,868) 0 1,500 5,657 589,954 101-0000-42610 SMIP Fees 480 500 500 301 101-0000-42615 CBSC Administrative Fees 547 500 500 454 101-0000-42810 Public Works Dev. Plan Ch 260,066 120,000 200,000 316,914 101-0000-43631 CVMSHCP Admin Fee 1,160 2,000 2,000 1,756 101-0000-43635 VGPS TBID Admin Fee 29,999 24,750 24,750 7,328 340 - Charges for Services Totals: 1,407,901 1,032,450 1,112,450 1,224,588 5,000 40,000 5,000 20,000 1,000 30,000 0 1,000 80,000 500 100 18,000 28,000 24,000 2,500 3,000 5,000 20,000 5,000 12,000 5,000 6,500 18,500 0 5,400 550,000 (3,000) 0 0 2,000 0 0 0 0 0 500 50 1,000 (4,000) 4,000 650 0 4,500 (2,000) 1,000 0 0 (2,500) 0 0 (1,400) 0 -38% 0% 0% 11% 0% 0% 0% 0% 0% 0% 100% 6% -13% 20% 35% 0% 900% -9% 25% 0% 0% -28% 0% 0% -21% 0% 500 0 0% 500 0 0% 120,000 (80,000) -40% 1,000 (1,000) -50% 28,000 3,250 13% 1,035,500 (76,950) -7% 134 CITY OF LA QUINTA GENERAL FUND REVENUE FY 2026/27 PROPOSED BUDGET 2024/25 2025/26 2025/26 2025/26 2026/27 26/27 vs. % Change Actuals Original Budaet Current Budget YTD Activity* Proposed Current 25/26 in Budget 350 - Fines, Forfeitures & Abatements 101-0000-42700 Administrative Citations 103,103 120,000 120,000 24,147 20,000 (100,000) -83% 101-0000-42701 Lot Abatement 4,162 6,000 6,000 10,110 12,000 6,000 100% 101-0000-42702 Vehicle Abatement 11,615 35,000 35,000 22,504 35,000 0 0% 101-0000-42703 Vehicle Impound Fee 64,049 65,000 65,000 55,737 50,000 (15,000) -23% 101-0000-42705 Motor Vehicle Code Fines 53,487 60,000 60,000 35,920 50,000 (10,000) -17% 101-0000-42706 Parking Violations 17,480 15,000 15,000 17,203 15,000 0 0% 101-0000-42707 Misc Fines 471 1,500 1,500 5,150 8,000 6,500 433% 101-0000-42708 Graffiti Removal 8,451 5,000 5,000 0 5,000 0 0% 101-0000-42709 False Alarm Fees - Police 74,486 30,000 30,000 45,777 50,000 20,000 67% 101-0000-42710 False Alarm Fees - Fire 52,143 10,000 10,000 23,021 30,000 20,000 200% - Fines, Forfeitures & Abatements Totals: 389,446 347,500 347,500 239,569 275,000 (72,500) -21% 360 - Use of Money & Property 101-0000-41900 Allocated Interest 101-0000-41910 GASB 31 Interest 101-0000-41930 Interest Revenue 101-0000-42111 Rental Income 101-0000-42120 Lease Revenue 101-0000-42302 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: 6,768,481 5,785,000 5,785,000 2,878,974 6,600,000 815,000 14% 2,694,670 0 0 0 0 0 0% 55,425 40,000 40,000 0 40,000 0 0% 0 0 0 8,900 0 0 0% 139,997 140,000 140,000 132,014 140,000 0 0% 5,970 0 0 12,010 16,500 16,500 0% 9,664,543 5,965,000 5,965,000 3,031,899 6,796,500 831,500 14% 742,682 400,000 400,000 364,498 410,000 10,000 3% 42,370 50,000 50,000 23,398 23,500 (26,500) -53% 139,079 145,000 145,000 143,380 145,000 0 0% 1,500 0 0 1,500 500 500 0% 3,142 1,000 1,000 726 1,000 0 0% 30 100 100 305 100 0 0% 274,250 25,000 125,000 98,770 25,000 (100,000) -80% 83,553 50,000 50,000 58,518 80,000 30,000 60% 49,359 40,000 40,000 8,781 10,000 (30,000) -75% 56,674 0 0 0 0 0 0% 1,392,640 711,100 811,100 699,877 695,100 (116,000) -14% 380 - Transfers In 101-0000-49500 Transfers In 4,993,504 4,993,504 4,993,504 4,993,504 0 (4,993,504) -100% 380 - Transfers In Totals: 4,993,504 4,993,504 4,993,504 4,993,504 0 (4,993,504) -1000/0 135 CITY OF LA QUINTA GENERAL FUND REVENUE NOTES FY 2026/27 PROPOSED BUDGET Fund: 101 - GENERAL FUND 101-0000-40310 Property 101-0000-41320 101-0000-41326 101-0000-41400 101-0000-41401 101-0000-41402 Tax Revenue 3,815,000 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 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 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 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 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 Transient occupancy tax for bed and breakfast is 10%. 136 CITY OF LA QUINTA GENERAL FUND REVENUE NOTES FY 2026/27 PROPOSED BUDGET 101-0000-41410 101-0000-41415 101-0000-41416 101-0000-41505 101-0000-41507 101-0000-41800 Zoning Change Mitigation Fees 410,000 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. STVR Registration Fee 900,000 Short-term vacation rental registration fees are updated annually with the City's Master Fee Schedule update. TOT - Resort Fees 325,000 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. Franchise Taxes - Burrtec 1,505,000 Burrtec Franchise Fee is based on an agreement with the City and is adjusted annually on January 1st per a consumer price index. Burrtec Admin Cost Reimburse 145,000 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. Property Tax in Lieu of VLF 6,635,000 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. 7 137 CITY OF LA QUINTA GENERAL FUND REVENUE NOTES FY 2026/27 PROPOSED BUDGET 101-0000-41900 Allocated Interest 6,600,000 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 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 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 95,000 101-0000-42421 101-0000-42440 101-0000-42500 Fire Plan Reviews are conducted in-house by Riverside County Fire Inspectors. Fire Inspection Fee - New Con 20,000 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. Appeals - Permits, Licenses, Pr 3,000 Appeals for permits, licenses, and violations are captured in this revenue line item. Fire Service Credit 12,850,000 Property tax revenue restricted for fire services. 8 138 CITY OF LA QUINTA GENERAL FUND REVENUE NOTES FY 2026/27 PROPOSED BUDGET 101-0000-43633 101-0000-43650 CSA 152 Assessments 250,000 Annual revenue generated through property tax collection and held by the County until reimbursements for qualified expenditures are submitted by the City. Contributions fromOtherAgen 3,000 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. 139 THIS PAGE INTENTIONALLY LEFT BLANK 140 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 Budaet Current Budget YTD Activity* Proposed Budget Current 25/26 in Budget 1001 - City Council 50 - Salaries and Benefits 101-1001-50108 Salaries - Council Membe 144,388 144,000 144,000 120,683 144,000 0 0% 101-1001-50150 Other Compensation 2,407 2,400 2,400 1,979 2,400 0 0% 101-1001-50200 PERS-City Portion 10,724 10,900 10,900 9,032 10,850 (50) 0% 101-1001-50221 Medical Insurance 88,849 109,100 109,100 78,549 120,890 11,790 11% 101-1001-50222 Vision Insurance 674 0 0 600 780 780 0% 101-1001-50223 Dental Insurance 2,210 0 0 1,841 2,380 2,380 0% 101-1001-50224 Life Insurance 348 0 0 297 360 360 0% 101-1001-50225 Long Term Disability 0 1,000 1,000 0 0 (1,000) -100% 101-1001-50230 Workers Comp Insurance 23,900 23,700 23,700 17,775 25,800 2,100 9% 101-1001-50240 Social Security -Medicare 2,093 5,600 5,600 1,750 2,120 (3,480) -62% 101-1001-50241 Social Security -FICA 3,432 0 0 2,868 3,480 3,480 0% 50 - Salaries and Benefits Totals: 279,025 296,700 296,700 235,375 313,060 16,360 6% 62 - Maintenance & Operations 101-1001-60137 Community Special Eveni 101-1001-60320 Travel & Training 101-1001-60420 Operating Supplies 62 - Maintenance & Operations Totals: 15,306 20,000 20,000 18,021 30,000 10,000 50% 26,100 30,000 30,000 17,603 30,000 0 0% 475 1,000 1,000 12 500 (500) -50% 41,881 51,000 51,000 35,636 60,500 9,500 190/0 1001 - City Council Totals: 320,906 347,700 347,700 271,010 373,560 25,860 7% 10 141 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 11 142 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 Budaet Current Budget YTD Activity* Proposed Budget Current 25/26 in Budget 1002 - City Manager 50 - Salaries and Benefits 101-1002-50101 Permanent Full Time 725,393 747,100 747,100 649,490 761,820 14,720 2% 101-1002-50105 Salaries - Overtime 193 0 0 0 0 0 0% 101-1002-50150 Other Compensation 867 900 900 796 1,070 170 19% 101-1002-50200 PERS-City Portion 64,165 66,700 66,700 55,458 78,660 11,960 18% 101-1002-50215 Other Fringe Benefits 30,757 30,800 30,800 71,767 58,460 27,660 90% 101-1002-50221 Medical Insurance 116,688 141,800 141,800 102,807 140,420 (1,380) -1% 101-1002-50222 Vision Insurance 1,020 0 0 909 1,210 1,210 0% 101-1002-50223 Dental Insurance 5,878 0 0 4,908 6,410 6,410 0% 101-1002-50224 Life Insurance 365 0 0 312 360 360 0% 101-1002-50225 Long Term Disability 4,361 4,800 4,800 4,045 101-1002-50230 Workers Comp Insurance 26,700 30,000 30,000 22,500 101-1002-50240 Social Security -Medicare 10,974 16,600 16,600 9,744 101-1002-50241 Social Security -FICA 1,938 0 0 1,396 101-1002-50251 Temporary 31,252 73,400 73,400 22,512 50 - Salaries and Benefits Totals: 1,020,551 1,112,100 1,112,100 946,644 5,640 840 18% 27,100 (2,900) -10% 12,120 (4,480) -27% 3,450 3,450 0% 54,400 (19,000) -26% 1,151,120 39,020 4% 60 - Contract Services 101-1002-60101 Contract Services - Admi 84,000 125,000 125,000 63,000 I 125,000 0 0% 101-1002-60103 Professional Services 28,347 45,000 45,000 0 145,000 100,000 222% 60 - Contract Services Totals: 112,347 170,000 170,000 63,000 270,000 100,000 590/0 62 - Maintenance & Operations 101-1002-60320 Travel & Training 7,148 10,000 10,000 10,711 15,000 5,000 50% 101-1002-60351 Membership Dues 110,021 125,000 291,666 281,288 300,000 8,334 3% 101-1002-60352 Subscriptions & Publicatic 0 5,000 5,000 1,125 1,000 (4,000) -80% 101-1002-60400 Office Supplies 1,380 2,000 2,000 924 2,000 0 0% 101-1002-60420 Operating Supplies 0 0 0 0 500 500 0% 62 - Maintenance & Operations Totals: 118,549 142,000 308,666 294,049 318,500 9,834 3% 64 - Other Expenses 101-1002-60510 Contingency for Operatio 50,400 300,000 300,000 6,113,344 300,000 0 0% 64 - Other Expenses Totals: 50,400 300,000 300,000 6,113,344 300,000 0 00/0 69 - Internal Service Charges 101-1002-98110 Information Tech Charge 166,400 284,800 284,800 213,600 129,600 (155,200) -54% 69 - Internal Service Charges Totals: 166,400 284,800 284,800 213,600 129,600 (155,200) -54% 1002 - City Manager Totals: 1,468,247 2,008,900 2,175,566 7,630,637 2,169,220 (6,346) 00/0 12 143 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 13 144 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 Budaet Current Budget YTD Activity* Proposed Budget Current 25/26 in Budget 1004 - Human Resources 50 - Salaries and Benefits 101-1004-50101 Permanent Full Time 292,254 316,000 316,000 275,030 333,020 17,020 5% 101-1004-50150 Other Compensation 0 0 0 0 520 520 0% 101-1004-50200 PERS-City Portion 23,591 30,200 30,200 29,308 38,130 7,930 26% 101-1004-50215 Other Fringe Benefits 3,873 3,900 3,900 3,268 3,900 0 0% 101-1004-50221 Medical Insurance 63,098 84,900 84,900 68,352 92,370 7,470 9% 101-1004-50222 Vision Insurance 842 0 0 887 1,140 1,140 0% 101-1004-50223 Dental Insurance 4,886 0 0 4,783 6,110 6,110 0% 101-1004-50224 Life Insurance 209 0 0 180 220 220 0% 101-1004-50225 Long Term Disability 1,988 2,000 2,000 1,967 2,460 460 23% 101-1004-50230 Workers Comp Insurance 13,200 14,200 14,200 10,650 15,500 1,300 9% 101-1004-50240 Social Security -Medicare 4,627 5,600 5,600 5,441 7,020 1,420 25% 101-1004-50251 Temporary 23,839 62,700 62,700 97,755 136,960 74,260 118% 101-1004-50252 Annual Wellness Dollar R 15,106 18,000 18,000 4,050 18,000 0 0% 50 - Salaries and Benefits Totals: 447,514 537,500 537,500 501,670 655,350 117,850 22% 60 - Contract Services 101-1004-60103 Professional Services 4,144 34,500 34,500 33,650 55,000 20,500 59% 101-1004-60104 Consultants/Employee Se 22,720 20,000 20,000 11,388 10,000 (10,000) -50% 101-1004-60125 Temporary Agency Servii 110,683 0 0 1,024 0 0 0% 60 - Contract Services Totals: 137,546 54,500 54,500 46,062 65,000 10,500 190/0 62 - Maintenance & Operations 101-1004-60129 Recruiting/Pre-Employme 101-1004-60320 Travel & Training 101-1004-60322 Training & Education/MOI 101-1004-60340 Employee Recognition Ev 101-1004-60351 Membership Dues 101-1004-60352 Subscriptions & Publicatic 101-1004-60400 Office Supplies 101-1004-60420 Operating Supplies 62 - Maintenance & Operations Totals: 8,199 50,000 50,000 38,009 45,000 (5,000) -10% (376) 10,000 10,000 (1,020) 10,000 0 0% 6,583 52,500 52,500 8,776 52,500 0 0% 35,327 45,000 45,000 27,865 45,000 0 0% 6,909 12,000 12,000 7,164 12,000 0 0% 734 1,500 1,500 689 1,500 0 0% 654 1,000 1,000 373 1,000 0 0% 440 1,000 1,000 411 1,000 0 0% 58,471 173,000 173,000 82,266 168,000 (5,000) -30/o 69 - Internal Service Charges 101-1004-98110 Information Tech Charge 89,700 116,900 116,900 87,675 70,700 (46,200) -40% 69 - Internal Service Charges Totals: 89,700 116,900 116,900 87,675 70,700 (46,200) -40% 1004 - Human Resources Totals: 733,231 881,900 881,900 717,672 959,050 77,150 90/0 14 145 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 45,000 101-1004-60320 101-1004-60351 Interview panel costs Fingerprinting Physicals and drug screenings Background checks Travel & Training 10,000 Liebert Cassidy Whitmore (LCW)- law & labor relations Educational forums and miscellaneous training 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 Emplovers Labor Relations Assoc. (CalPELRA) 101-1004-60352 Subscriptions & Publications 1,500 Labor law compliance posters 15 146 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 Budaet Current Budget YTD Activity* Proposed Budget Current 25/26 in Budget 3007 - Marketing & Community Relations 50 - Salaries and Benefits 101-3007-50101 Permanent Full Time 218,202 235,100 235,100 196,789 350,720 115,620 49% 101-3007-50200 PERS-City Portion 16,792 18,800 18,800 15,271 28,450 9,650 51% 101-3007-50215 Other Fringe Benefits 1,304 2,600 2,600 1,090 3,900 1,300 50% 101-3007-50221 Medical Insurance 57,209 54,600 54,600 46,623 93,250 38,650 71% 101-3007-50222 Vision Insurance 495 0 0 440 670 670 0% 101-3007-50223 Dental Insurance 3,270 0 0 2,728 4,120 4,120 0% 101-3007-50224 Life Insurance 141 0 0 120 220 220 0% 101-3007-50225 Long Term Disability 1,479 1,500 1,500 1,406 2,600 1,100 73% 101-3007-50230 Workers Comp Insurance 9,600 9,500 9,500 7,125 15,500 6,000 63% 101-3007-50240 Social Security -Medicare 3,164 3,500 3,500 2,853 5,200 1,700 49% 50 - Salaries and Benefits Totals: 311,655 325,600 325,600 274,445 504,630 179,030 55% 60 - Contract Services 101-3007-60134 Promotional Items 49,456 90,000 90,000 74,670 125,000 35,000 39% 101-3007-60137 Community Engagement 21,479 10,000 10,000 10,083 0 (10,000) -100% 101-3007-60151 VGPS - Visit Greater Paln 379,472 345,240 345,240 411,990 400,000 54,760 16% 60 - Contract Services Totals: 450,407 445,240 445,240 496,744 525,000 79,760 180/0 62 - Maintenance & Operations 101-3007-60320 Travel & Training 13,422 15,000 15,000 7,200 20,000 5,000 33% 101-3007-60351 Membership Dues 9,848 10,000 10,000 8,926 15,000 5,000 50% 101-3007-60410 Printing 16,404 20,000 20,000 11,605 20,000 0 0% 101-3007-60420 Operating Supplies 1,904 2,000 2,000 379 2,000 0 0% 101-3007-60450 Sponsorships/Advertising 90,400 110,000 125,000 119,601 150,000 25,000 20% 101-3007-60461 Marketing & Tourism Proi 871,223 970,000 970,000 681,825 1 970,000 0 0% 62 - Maintenance & Operations Totals: 1,003,201 1,127,000 1,142,000 829,536 1,177,000 35,000 3% 69 - Internal Service Charges 101-3007-98110 Information Tech Charge 59,800 77,900 77,900 58,425 70,700 (7,200) -9% 69 - Internal Service Charges Totals: 59,800 77,900 77,900 58,425 70,700 (7,200) -90/0 Marketing & Community Relations Totals: 1,825,063 1,975,740 1,990,740 1,659,150 2,277,330 286,590 14% 16 147 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. 17 148 CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET 101-3007-60450 Sponsorships/Advertising 150,000 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 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 IN 149 THIS PAGE INTENTIONALLY LEFT BLANK 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 Budaet 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 I 500,000 50,000 11% 101-1003-60154 Attorney/Litigation 877,763 650,000 650,000 954,233 700,000 50,000 8% 60 - Contract Services Totals: 1,519,880 1,100,000 1,100,000 1,120,422 1,200,000 100,000 90/0 1003 - City Attorney Totals: 1,519,880 1,100,000 1,100,000 1,120,422 1,200,000 100,000 9% 19 151 THIS PAGE INTENTIONALLY LEFT BLANK 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 Budaet Current Budget YTD Activity* Proposed Budget Current 25/26 in Budget 1005 - City Clerk 50 - Salaries and Benefits 101-1005-50101 Permanent Full Time 414,893 667,400 667,400 474,083 729,300 61,900 9% 101-1005-50105 Salaries - Overtime 0 5,000 5,000 0 2,000 (3,000) -60% 101-1005-50150 Other Compensation 490 500 500 356 1,420 920 184% 101-1005-50200 PERS-City Portion 43,520 75,300 75,300 45,860 68,060 (7,240) -10% 101-1005-50215 Other Fringe Benefits 5,270 8,970 8,970 4,949 8,970 0 0% 101-1005-50221 Medical Insurance 99,349 188,200 188,200 106,614 227,500 39,300 21% 101-1005-50222 Vision Insurance 825 0 0 871 1,670 1,670 0% 101-1005-50223 Dental Insurance 4,600 0 0 4,392 7,920 7,920 0% 101-1005-50224 Life Insurance 274 0 0 334 500 500 0% 101-1005-50225 Long Term Disability 2,642 4,200 4,200 3,246 5,140 940 22% 101-1005-50230 Workers Comp Insurance 28,100 32,600 32,600 24,450 35,500 2,900 9% 101-1005-50240 Social Security -Medicare 7,628 11,800 11,800 7,266 10,790 (1,010) -9% 101-1005-50241 Social Security -FICA 4,230 0 0 652 0 0 0% 101-1005-50251 Temporary 110,570 139,900 139,900 25,726 0 (139,900) -100% 50 - Salaries and Benefits Totals: 722,391 1,133,870 1,133,870 698,799 1,098,770 (35,100) -30/o 60 - Contract Services 101-1005-60103 Professional Services 259,340 215,000 215,000 136,647 407,000 192,000 89% 60 - Contract Services Totals: 259,340 215,000 215,000 136,647 407,000 192,000 890/0 62 - Maintenance & Operations 101-1005-60320 Travel & Training 101-1005-60351 Membership Dues 101-1005-60400 Office Supplies 101-1005-60410 Printing 101-1005-60420 Operating Supplies 101-1005-60450 Advertising 62 - Maintenance & Operations Totals 2,545 15,000 15,000 8,710 20,000 5,000 33% 2,870 3,500 3,500 2,150 3,500 0 0% 2,939 5,000 5,000 1,903 5,000 0 0% 7,554 10,000 10,000 7,779 10,000 0 0% 1,947 2,000 2,000 2,287 3,000 1,000 50% 5,649 5,000 5,000 3,113 5,000 0 0% 23,504 40,500 40,500 25,942 46,500 6,000 150/0 69 - Internal Service Charges 101-1005-98110 Information Tech Charge 176,400 268,700 268,700 201,525 162,600 (106,100) -39% 69 - Internal Service Charges Totals: 176,400 268,700 268,700 201,525 162,600 (106,100) -39% 1005 - City Clerk Totals: 1,181,635 1,658,070 1,658,070 1,062,913 1,714,870 56,800 3% 20 153 CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET Department : 1005 - City Clerk 101-1005-50101 Permanent Full Time 101-1005-60103 101-1005-60320 101-1005-60351 101-1005-60450 90% - City Clerk Director (10% Housing) 100% - Deputy City Clerk (2) 100% - Records Coordinator 100% - Records Technician/Apprentice (3) 729,300 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 Travel & Training 20,000 CA City Clerks Association annual conference & seminars Municipal Clerks certifications and training Membership Dues 3,500 California City Clerks Association (CCAC) National Notary Association Errors and Omission insurance (E&O) Advertising 5,000 Public hearing notices, Commission and Board vacancies 21 154 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 Budaet 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 153,217 162,000 162,000 139,302 166,730 4,730 3% 101-3001-50110 Commissions & Boards 1,097 6,300 6,300 328 6,300 0 0% 101-3001-50150 Other Compensation 14 0 0 0 480 480 0% 101-3001-50200 PERS-City Portion 11,126 17,300 17,300 14,299 18,260 960 6% 101-3001-50215 Other Fringe Benefits 830 1,600 1,600 1,307 2,340 740 46% 101-3001-50221 Medical Insurance 11,266 32,800 32,800 17,049 23,160 (9,640) -29% 101-3001-50222 Vision Insurance 63 0 0 106 140 140 0% 101-3001-50223 Dental Insurance 368 0 0 575 740 740 0% 101-3001-50224 Life Insurance 46 0 0 72 90 90 0% 101-3001-50225 Long Term Disability 614 1,100 1,100 969 1,230 130 12% 101-3001-50230 Workers Comp Insurance 5,800 5,700 5,700 4,275 6,200 500 9% 101-3001-50240 Social Security -Medicare 1,356 2,400 2,400 2,025 2,470 70 3% 101-3001-50241 Social Security -FICA 68 0 0 20 0 0 0% 50 - Salaries and Benefits Totals: 185,864 229,200 229,200 180,328 228,140 (1,060) 00/0 60 - Contract Services 101-3001-60101 Contract Services 101-3001-60122 Credit Card Fees 101-3001-60135 Boys & Girls Club 60 - Contract Services Totals 62 - Maintenance & Operations 101-3001-60157 Rent Expense 101-3001-60320 Travel & Training 101-3001-60351 Membership Dues 101-3001-60400 Office Supplies 101-3001-60510 Grants & Economic Devel 101-3001-60531 Homeless Bus Passes 62 - Maintenance & Operations Totals: 25,000 25,000 25,000 25,000 6,900 1,000 1,000 0 40,000 60,000 60,000 40,000 25,000 0 0% 1,000 0 0% 60,000 0 0% 71,900 86,000 86,000 65,000 86,000 0 00/0 0 3,000 3,000 0 5,000 2,000 67% 0 4,000 4,000 0 4,000 0 0% 555 1,000 1,000 0 1,000 0 0% 623 5,000 5,000 1,843 5,000 0 0% 155,000 175,000 175,000 119,500 185,000 10,000 6% 3,000 3,000 3,000 3,000 3,000 0 0% 159,178 191,000 191,000 124,343 203,000 12,000 6% 69 - Internal Service Charges 101-3001-98110 Information Tech Charge 35,900 71,800 71,800 53,850 28,300 (43,500) -61% 69 - Internal Service Charges Totals: 35,900 71,800 71,800 53,850 28,300 (43,500) -61% Dmmunity Services Administration Totals: 452,842 578,000 578,000 423,520 545,440 (32,560) -6% 22 155 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 25,000 101-3001-60157 101-3001-60320 Old Town Artisan Studio Wellness West partnership Rent Expense 5,000 DSUSD Facility Use rental 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 23 156 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 Budaet 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 249,218 265,300 265,300 225,245 274,230 8,930 3% 101-3002-50102 Salaries - Part Time 114,711 122,750 122,750 151,608 120,440 (2,310) -2% 101-3002-50105 Salaries - Overtime 7,381 5,000 5,000 10,607 7,000 2,000 40% 101-3002-50150 Other Compensation 963 1,000 1,000 792 1,480 480 48% 101-3002-50200 PERS-City Portion 32,259 32,000 32,000 28,754 36,650 4,650 15% 101-3002-50215 Other Fringe Benefits 3,128 3,200 3,200 2,615 2,600 (600) -19% 101-3002-50221 Medical Insurance 41,541 41,200 41,200 35,961 49,850 8,650 21% 101-3002-50222 Vision Insurance 595 0 0 527 730 730 0% 101-3002-50223 Dental Insurance 3,245 0 0 2,788 3,750 3,750 0% 101-3002-50224 Life Insurance 169 0 0 144 170 170 0% 101-3002-50225 Long Term Disability 1,763 1,700 1,700 1,692 2,030 330 19% 101-3002-50230 Workers Comp Insurance 11,500 11,400 11,400 8,550 12,400 1,000 9% 101-3002-50240 Social Security -Medicare 5,428 3,900 3,900 5,688 6,080 2,180 56% 101-3002-50241 Social Security -FICA 4,732 0 0 7,682 7,530 7,530 0% 101-3002-50251 Temporary 0 0 0 2,326 34,930 34,930 0% 50 - Salaries and Benefits Totals: 476,633 487,450 487,450 484,978 559,870 72,420 150/0 60 - Contract Services 101-3002-60103 Professional Services 101-3002-60107 Instructors 101-3002-60108 Technical 60 - Contract Services Totals 62 - Maintenance & Operations 101-3002-60157 Rental Expense 101-3002-60320 Travel & Training 101-3002-60351 Membership Dues 101-3002-60352 Subscriptions & Publicatic 101-3002-60400 Office Supplies 101-3002-60420 Operating Supplies 101-3002-60432 Tools/Equipment 62 - Maintenance & Operations Totals: 0 37,238 4,000 5,000 32,000 5,000 32,000 4,000 0 30,905 0 (5,000) -100% 32,000 0 0% 4,000 0 0% 41,238 41,000 41,000 34,905 36,000 (5,000) -12% 0 3,000 3,000 180 5,000 2,000 67% 0 5,000 5,000 0 5,000 0 0% 570 2,000 2,000 594 2,000 0 0% 435 2,500 2,500 437 2,500 0 0% 461 5,000 5,000 539 5,000 0 0% 26,917 50,000 50,000 39,689 70,000 20,000 40% 0 1,000 1,000 0 1,000 0 0% 28,382 68,500 68,500 41,439 90,500 22,000 32% 68 - Capital Expenses 101-3002-80101 Machinery & Equipment 0 20,000 20,000 16,595 50,000 30,000 150% 68 - Capital Expenses Totals: 0 20,000 20,000 16,595 50,000 30,000 1500/0 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 82,420 110/0 24 157 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 25 158 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 Budaet 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 253,052 275,300 275,300 135,065 266,660 (8,640) -3% 101-3003-50102 Salaries - Part Time 66,223 245,500 245,500 87,944 120,440 (125,060) -51% 101-3003-50105 Salaries - Overtime 5,620 5,000 5,000 6,904 6,000 1,000 20% 101-3003-50150 Other Compensation 0 0 0 0 520 520 0% 101-3003-50200 PERS-City Portion 23,662 29,900 29,900 13,386 24,230 (5,670) -19% 101-3003-50215 Other Fringe Benefits 5,204 5,200 5,200 2,518 5,200 0 0% 101-3003-50221 Medical Insurance 51,096 330,200 330,200 23,869 163,840 (166,360) -50% 101-3003-50222 Vision Insurance 446 0 0 135 780 780 0% 101-3003-50223 Dental Insurance 2,571 0 0 740 5,910 5,910 0% 101-3003-50224 Life Insurance 272 0 0 137 290 290 0% 101-3003-50225 Long Term Disability 1,757 1,800 1,800 1,021 1,970 170 9% 101-3003-50230 Workers Comp Insurance 23,900 18,900 18,900 14,175 20,600 1,700 9% 101-3003-50240 Social Security -Medicare 4,755 16,600 16,600 3,396 5,840 (10,760) -65% 101-3003-50241 Social Security -FICA 874 0 0 3,221 7,530 7,530 00/0 101-3003-50251 Temporary 0 0 0 2,703 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 175,454 266,200 266,200 246,635 I 279,490 13,290 5% 101-3003-60190 X Park Programming 401,291 445,500 445,500 410,869 467,730 22,230 5% 60 - Contract Services Totals: 576,745 711,700 711,700 657,505 747,220 35,520 5% 62 - Maintenance & Operations 101-3003-60149 Community Experiences 101-3003-60157 Rental Expense 101-3003-60320 Travel & Training 101-3003-60351 Membership Dues 101-3003-60420 Operating Supplies 101-3003-60512 LQ Art Event 62 - Maintenance & Operations Totals 355,725 595,000 595,000 619,507 905,000 310,000 52% 3,865 5,000 5,000 2,675 8,000 3,000 60% 0 1,000 1,000 0 1,000 0 0% 0 2,000 2,000 0 2,000 0 0% 4,128 6,000 6,000 5,279 10,000 4,000 67% 0 50,000 50,000 0 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 10/0 26 159 CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES Department : 3003 - Recreation Programs & Special Events 101-3003-50101 Permanent Full Time 266,660 100% - Administrative Technician (4) 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) 27 FY 2026/27 PROPOSED BUDGET 160 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 Budaet Current Budget YTD Activity* Proposed Budget Current 25/26 in Budget 2001 - Police 60 - Contract Services 101-2001-60103 Professional Services 3,000 0 0 3,100 0 0 0% 101-2001-60109 LQ Police Volunteers 9,119 12,000 12,000 3,908 10,000 (2,000) -17% 101-2001-60161 Sheriff Patrol 9,221,715 12,100,000 12,100,000 6,156,976 12,950,000 850,000 7% 101-2001-60162 Police Overtime 274,144 450,000 450,000 243,843 470,000 20,000 4% 101-2001-60163 Target Team 2,021,982 2,300,000 2,300,000 1,267,462 2,450,000 150,000 7% 101-2001-60164 Community Services Offii 761,635 920,000 920,000 539,498 1,000,000 80,000 9% 101-2001-60165 Special Enforcement/City 118,394 135,000 135,000 113,971 160,000 25,000 19% 101-2001-60166 Gang Task Force 227,763 260,000 260,000 150,767 275,000 15,000 6% 101-2001-60167 Narcotics Task Force 223,334 260,000 260,000 153,993 275,000 15,000 6% 101-2001-60168 School Officer 139,561 305,000 305,000 115,260 335,000 30,000 10% 101-2001-60169 Motor Officer 1,989,655 2,300,000 2,300,000 1,181,019 2,500,000 200,000 9% 101-2001-60170 Dedicated Sargeants 576,479 700,000 700,000 387,598 800,000 100,000 14% 101-2001-60171 Dedicated Lieutenant 353,207 400,000 400,000 241,712 450,000 50,000 13% 101-2001-60172 Sheriff - Mileage 576,386 500,000 500,000 432,964 650,000 150,000 30% 101-2001-60174 Blood/Alcohol Testing 38,903 40,000 40,000 26,731 40,000 0 0% 101-2001-60175 Special Enforcement Funi 53,294 100,000 100,000 51,438 100,000 0 0% 101-2001-60176 Sheriff - Other 464,993 500,000 500,000 50,545 500,000 0 0% 101-2001-60193 Sexual Assault Exam Fee 7,108 10,000 10,000 2,644 5,000 (5,000) -50% 60 - Contract Services Totals: 17,060,670 21,292,000 21,292,000 11,123,430 22,970,000 1,678,000 80/0 62 - Maintenance & Operations 101-2001-60320 Travel &Training 2,413 6,000 6,000 0 I 5,000 (1,000) -17% 101-2001-60420 Operating Supplies 6,716 10,000 10,000 1,948 10,000 0 0% 62 - Maintenance & Operations Totals: 9,129 16,000 16,000 1,948 15,000 (1,000) -6% 65 - Repair & Maintenance 101-2001-60692 Public Safety Camera Sy! 180,589 250,000 275,000 240,052 260,000 (15,000) -5% 65 - Repair & Maintenance Totals: 180,589 250,000 275,000 240,052 260,000 (15,000) -5% 66 - Utilities 101-2001-61300 Telephone - Utilities 10,687 14,000 14,000 8,004 I 12,000 (2,000) -14% 101-2001-61400 Cable/Internet - Utilities 6,432 8,000 8,000 5,368 9,000 1,000 13% 66 - Utilities Totals: 17,119 22,000 22,000 13,372 21,000 (1,000) -50/0 68 - Capital Expenses 101-2001-71031 Vehicles 31,595 35,000 80,000 76,818 45,000 (35,000) -44% 68 - Capital Expenses Totals: 31,595 35,000 80,000 76,818 45,000 (35,000) -44% 69 - Internal Service Charges 101-2001-98110 Information Tech Charge 101-2001-98140 Facility & Fleet Maintenar 69 - Internal Service Charges Totals: 10,000 60,800 15,000 15,000 62,000 11,250 15,000 61,800 0% 0% 70,800 77,000 77,000 57,750 76,800 (200) 00/0 2001 - Police Totals: 17,369,902 21,692,000 21,762,000 11,513,370 23,387,800 1,625,800 7% 28 161 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. 29 162 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 Budaet Current Budget YTD Activity* Proposed Budget Current 25/26 in Budget 2002 - Fire 50 - Salaries and Benefits 101-2002-50101 Permanent Full Time 181,038 195,800 195,800 163,210 203,470 7,670 4% 101-2002-50105 Salaries - Overtime 983 4,000 4,000 42 4,000 0 0% 101-2002-50150 Other Compensation 337 400 400 277 700 300 75% 101-2002-50200 PERS-City Portion 14,441 20,100 20,100 12,934 18,810 (1,290) -6% 101-2002-50215 Other Fringe Benefits 1,927 2,470 2,470 1,090 2,470 0 0% 101-2002-50221 Medical Insurance 32,192 33,100 33,100 28,359 38,380 5,280 16% 101-2002-50222 Vision Insurance 511 0 0 463 600 600 0% 101-2002-50223 Dental Insurance 2,647 0 0 2,340 3,110 3,110 0% 101-2002-50224 Life Insurance 134 0 0 114 100 100 0% 101-2002-50225 Long Term Disability 1,276 1,300 1,300 1,207 1,510 210 16% 101-2002-50230 Workers Comp Insurance 9,100 9,000 9,000 6,750 9,800 800 9% 101-2002-50240 Social Security -Medicare 2,912 4,700 4,700 2,606 3,640 (1,060) -23% 101-2002-50241 Social Security -FICA 532 0 0 537 600 600 0% 101-2002-50251 Temporary 15,764 67,700 67,700 14,006 37,940 (29,760) -44% 50 - Salaries and Benefits Totals: 263,793 338,570 338,570 233,935 325,130 (13,440) -40/o 60 - Contract Services 101-2002-60110 Volunteers - Fire 101-2002-60112 Landscape Contract 101-2002-60116 Pest Control 101-2002-60123 Security & Alarm 101-2002-60139 Fire Service Costs 101-2002-60140 MOU - Ladder Truck 101-2002-60525 Golf Tournament 60 - Contract Services Totals 62 - Maintenance & Operations 101-2002-60320 Travel & Training 101-2002-60351 Membership Dues 101-2002-60400 Office Supplies 101-2002-60406 Disaster Prep Supplies 101-2002-60410 Printing 101-2002-60431 Materials/Supplies 101-2002-60445 Non -Reimbursable Misc 101-2002-60545 Small Tools & Equipment 101-2002-60670 Fire Station 101-2002-60671 Repair & Maintenance - E 101-2002-60691 Maintenance/Services 62 - Maintenance & Operations Totals: 1,390 4,000 4,000 658 4,000 0 0% 64,000 68,000 68,000 51,250 70,000 2,000 3% 4,229 6,500 6,500 3,908 7,000 500 8% 379 4,000 4,000 0 4,000 0 0% 8,621,808 10,100,000 10,100,000 4,863,955 11,000,000 900,000 9% 250,806 330,000 330,000 140,879 330,000 0 0% 65,828 85,000 85,000 68,986 85,000 0 0% 9,008,441 10,597,500 10,597,500 5,129,635 11,500,000 902,500 90/0 3,679 821 858 5,203 1,076 631 0 219 14,755 384 4,500 4,500 228 4,500 1,200 1,200 836 1,300 1,000 1,000 72 1,000 45,000 45,000 3,566 45,000 1,200 1,200 483 1,200 20,000 20,000 0 20,000 20,000 20,000 0 20,000 2,500 2,500 246 2,500 40,000 40,000 23,406 40,000 30,000 30,000 262 30,000 0 100 0% 8% 0% 0% 0% 0% 0% 0% 0% 0% 55,179 65,000 65,000 61,446 70,000 5,000 8% 82,805 230,400 230,400 90,544 235,500 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 00/0 30 163 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 Budaet Current Budget YTD Activity* Proposed Budget Current 25/26 in Budget 66 - Utilities 101-2002-61100 Gas - Utilities/Propane 4,282 6,000 6,000 3,038 6,000 0 0% 101-2002-61101 Electricity - Utilities 40,507 52,000 52,000 32,708 55,000 3,000 6% 101-2002-61200 Water - Utilities 101-2002-61300 Telephone - Utilities 101-2002-61304 Mobile/Cell Phones/Satell 101-2002-61400 Cable/Internet - Utilities 66 - Utilities Totals: 12,343 16,000 16,000 8,461 8,414 10,000 10,000 2,232 7,987 10,000 10,000 8,829 7,100 10,000 10,000 6,403 16,000 0 0% 3,000 (7,000) -70% 10,000 0 0% 10,000 0 0% 80,633 104,000 104,000 61,670 100,000 (4,000) -4% 68 - Capital Expenses 101-2002-71021 Furniture 3,952 20,000 20,000 1,305 20,000 0 0% 101-2002-72110 Building Improvements 16,070 200,000 200,000 0 200,000 0 0% 101-2002-80101 Machinery & Equipment 14,640 20,000 420,000 26,646 30,000 (390,000) -93% 68 - Capital Expenses Totals: 34,662 240,000 640,000 27,951 250,000 (390,000) -61% 69 - Internal Service Charges 101-2002-91843 Property & Crime Insurar 6,000 6,512 6,512 4,884 6,577 65 1% 101-2002-91844 Earthquake Insurance 16,220 15,930 15,930 11,948 16,090 160 1% 101-2002-98110 Information Tech Charge 56,800 20,000 20,000 15,000 20,000 0 0% 101-2002-98140 Facility & Fleet Maintenar 101,300 103,300 103,300 77,475 103,000 (300) 0% 69 - Internal Service Charges Totals: 180,320 145,742 145,742 109,306 145,667 (75) 00/0 2002 - Fire Totals: 9,650,654 11,656,212 12,056,212 5,653,041 12,606,297 550,085 50/0 31 164 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 101-2002-60139 101-2002-60320 101-2002-60351 101-2002-60691 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 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 Travel & Training 4,500 Emergency preparedness citywide training National Emergency Management Academy Membership Dues 1,300 Journal of Emergency Management (JEM) subscription International Association of Emergency Managers (IAEM) Maintenance/Services 70,000 Funding is for regular maintenance services for each station 32 165 THIS PAGE INTENTIONALLY LEFT BLANK 166 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 Budaet Current Budget YTD Activity* Proposed Budget Current 25/26 in Budget 6004 - Code Compliance/Animal Control 50 - Salaries and Benefits 101-6004-50101 Permanent Full Time 375,188 556,600 556,600 385,741 526,690 (29,910) -5% 101-6004-50105 Salaries - Overtime 4,441 15,000 15,000 762 15,000 0 0% 101-6004-50106 Standby 0 500 500 0 500 0 0% 101-6004-50150 Other Compensation 0 0 0 0 420 420 0% 101-6004-50200 PERS-City Portion 28,877 46,400 46,400 36,432 51,240 4,840 10% 101-6004-50215 Other Fringe Benefits 5,988 8,840 8,840 6,559 9,600 760 9% 101-6004-50221 Medical Insurance 154,688 201,800 201,800 125,372 216,960 15,160 8% 101-6004-50222 Vision Insurance 1,360 0 0 1,214 1,800 1,800 0% 101-6004-50223 Dental Insurance 8,229 0 0 6,508 9,530 9,530 0% 101-6004-50224 Life Insurance 383 0 0 350 460 460 0% 101-6004-50225 Long Term Disability 2,432 3,600 3,600 2,740 3,900 300 8% 101-6004-50230 Workers Comp Insurance 32,400 32,200 32,200 24,150 35,000 2,800 9% 101-6004-50240 Social Security -Medicare 6,220 10,800 10,800 6,758 9,390 (1,410) -13% 101-6004-50241 Social Security- FICA 1,596 0 0 1,610 1,810 1,810 0% 101-6004-50251 Temporary 48,429 35,000 35,000 78,793 107,450 72,450 207% 50 - Salaries and Benefits Totals: 670,230 910,740 910,740 676,990 989,750 79,010 90/0 60 - Contract Services 101-6004-60103 Professional Services 101-6004-60108 Technical 101-6004-60111 Administrative Citation Si 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 Low -Income Housing Gra 101-6004-60320 Travel & Training 101-6004-60351 Membership Dues 101-6004-60400 Office Supplies 101-6004-60410 Printing 101-6004-60425 Supplies - Field 101-6004-60427 Safety Gear 101-6004-60690 Uniforms 62 - Maintenance & Operations Totals: 56,122 70,000 70,000 47,376 680 1,000 1,000 2,200 7,290 25,000 25,000 8,607 0 500 500 300 29,156 25,000 25,000 9,936 693 2,000 2,000 1 406 0 0 0 70,000 0 0% 1,000 0 0% 25,000 0 0% 3,000 2,500 500% 25,000 0 0% 0 (2,000) -100% 0 0 0% 0 20,000 20,000 0 20,000 0 0% 364,170 450,000 450,000 288,762 500,000 50,000 11% 458,518 593,500 593,500 357,182 644,000 50,500 90/0 0 16,271 400 1,929 1,466 7,101 0 1,000 1,000 0 1,000 15,000 15,000 11,790 15,000 1,000 1,000 1,340 1,500 2,500 2,500 1,089 2,500 5,000 5,000 2,140 5,000 9,000 9,000 4,159 9,000 0 0 936 1,000 0 0% 0 0% 500 50% 0 0% 0 0% 0 0% 1,000 0% 7,986 6,000 6,000 4,159 6,000 0 0% 35,152 39,500 39,500 25,614 41,000 1,500 4% 69 - Internal Service Charges 101-6004-98110 Information Tech Charge 168,800 264,800 264,800 198,600 164,700 I 160,200 (104,600) -40% 101-6004-98140 Facility & Fleet Maintenar 162,000 165,200 165,200 123,900 (500) 0% 69 - Internal Service Charges Totals: 330,800 430,000 430,000 322,500 324,900 (105,100) -24% - Code Compliance/Animal Control Totals: 1,494,701 1,973,740 1,973,740 1,382,285 1,999,650 25,910 10/0 33 167 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 526,690 100% - 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 Short-term vacation rental compliance 101-6004-60108 Technical 1,000 Riverside County recording fees for liens 101-6004-60111 Administrative Citation Service 25,000 Data ticket processing of code compliance and police citations 101-6004-60320 Travel & Training 15,000 Code Enforcement officer training events 101-6004-60351 Membership Dues 1,500 CA Association of Code Enforcement Officers (CACEO) 101-6004-60410 Printing 5,000 Community educational outreach 34 168 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 Budaet 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 165,942 176,900 176,900 149,608 184,340 7,440 4% 101-6005-50105 Salaries - Overtime 983 0 0 42 0 0 0% 101-6005-50150 Other Compensation 612 624 624 515 880 256 41% 101-6005-50200 PERS-City Portion 13,269 18,600 18,600 11,880 17,260 (1,340) -7% 101-6005-50215 Other Fringe Benefits 1,699 1,690 1,690 1,416 1,690 0 0% 101-6005-50221 Medical Insurance 36,469 41,000 41,000 31,990 44,400 3,400 8% 101-6005-50222 Vision Insurance 334 0 0 304 400 400 0% 101-6005-50223 Dental Insurance 1,011 0 0 1,277 2,060 2,060 0% 101-6005-50224 Life Insurance 92 0 0 78 90 90 0% 101-6005-50225 Long Term Disability 1,141 1,200 1,200 1,069 1,360 160 13% 101-6005-50230 Workers Comp Insurance 6,200 6,200 6,200 4,650 6,700 500 8% 101-6005-50240 Social Security -Medicare 2,649 4,400 4,400 2,373 3,310 (1,090) -25% 101-6005-50241 Social Security -FICA 532 0 0 537 600 600 0% 101-6005-50251 Temporary 15,764 67,700 67,700 14,006 37,940 (29,760) -44% 50 - Salaries and Benefits Totals: 246,695 318,314 318,314 219,744 301,030 (17,284) -50/0 62 - Maintenance & Operations 101-6005-60320 Travel & Training 332 5,000 5,000 5,124 5,125 125 3% 101-6005-60400 Office Supplies 0 1,000 1,000 0 1,000 0 0% 101-6005-60406 Disaster Prep Supplies 0 10,000 10,000 5,784 10,000 0 0% 62 - Maintenance & Operations Totals: 332 16,000 16,000 10,908 16,125 125 10/0 69 - Internal Service Charges 101-6005-98110 Information Tech Charge 73,400 50,700 50,700 38,025 30,700 (20,000) -39% 69 - Internal Service Charges Totals: 73,400 50,700 50,700 38,025 30,700 (20,000) -39% 005 - Public Safety Administration Totals: 320,427 385,014 385,014 268,677 347,855 (37,159) -100/0 35 169 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 80% - Public Safety Director (20% Fire Fund) 50% - Administrative Technician (50% Fire Fund) 101-6005-60320 Travel & Training Public safety and emergency preparedness training 5,125 36 170 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 Budaet Current Budget YTD Activity* Proposed Budget Current 25/26 in Budget 3005 - Parks Maintenance 50 - Salaries and Benefits 101-3005-50101 Permanent Full Time 270,611 311,700 311,700 258,659 325,030 13,330 4% 101-3005-50105 Salaries - Overtime 15,271 12,000 12,000 4,397 12,000 0 0% 101-3005-50106 Standby 10,802 15,000 15,000 8,061 15,000 0 0% 101-3005-50107 Standby Overtime 49,542 35,000 35,000 27,832 35,000 0 0% 101-3005-50150 Other Compensation 49 0 0 0 1,040 1,040 0% 101-3005-50200 PERS-City Portion 27,818 26,600 26,600 21,723 28,330 1,730 7% 101-3005-50215 Other Fringe Benefits 4,806 4,550 4,550 3,814 4,550 0 0% 101-3005-50221 Medical Insurance 78,237 95,500 95,500 70,236 101,870 6,370 7% 101-3005-50222 Vision Insurance 670 0 0 661 860 860 0% 101-3005-50223 Dental Insurance 3,766 0 0 3,361 4,320 4,320 0% 101-3005-50224 Life Insurance 257 0 0 211 250 250 0% 101-3005-50225 Long Term Disability 2,662 2,000 2,000 2,165 2,410 410 21% 101-3005-50230 Workers Comp Insurance 16,700 16,600 16,600 12,450 18,000 1,400 8% 101-3005-50240 Social Security -Medicare 5,984 4,600 4,600 4,336 4,130 (470) -10% 101-3005-50251 Temporary 4,536 0 0 0 0 0 0% 50 - Salaries and Benefits Totals: 491.711 523.550 523.550 417.907 552.790 29.240 6% 60 - Contract Services 101-3005-60112 Landscape Contract 1,121,783 1,177,850 1,177,850 958,190 1,248,110 70,260 6% 60 - Contract Services Totals: 1,121,783 1,177,850 1,177,850 958,190 1,248,110 70,260 6% 62 - Maintenance & Operations 101-3005-60117 Civic Center Lake Maintei 35,561 40,000 40,000 27,497 50,000 10,000 25% 101-3005-60136 Lighting Service 475 1,000 1,000 475 1,000 0 0% 101-3005-60184 Fritz Burns Pool Maintene 137,322 220,000 220,000 48,748 320,000 100,000 45% 101-3005-60189 SilverRock Lake Maintenz 16,808 35,000 35,000 60,685 45,000 10,000 29% 101-3005-60320 Travel & Training 2,039 13,500 13,500 3,855 10,000 (3,500) -26% 101-3005-60351 Membership Dues 445 1,000 1,000 590 1,000 0 0% 101-3005-60400 Office Supplies 449 1,000 1,000 898 1,000 0 0% 101-3005-60420 Operating Supplies 164 0 0 0 0 0 0% 101-3005-60423 Supplies -Graffiti and Van 5,505 15,000 15,000 6,503 15,000 0 0% 101-3005-60427 Safety Gear 869 1,300 1,300 2,113 1,300 0 0% 101-3005-60431 Materials/Supplies 188,474 225,000 225,000 305,218 200,000 (25,000) -11% 101-3005-60432 Tools/Equipment 9,576 6,000 6,000 4,218 6,000 0 0% 101-3005-60554 LQ Park Water Feature 41,178 50,000 50,000 53,149 55,000 5,000 10% 101-3005-60557 Tree Maintenance 10,270 15,000 15,000 12,250 15,000 0 0% 101-3005-60690 Uniforms 4,987 5,000 5,000 2,533 5,000 0 0% 101-3005-60691 Maintenance/Services 572,126 600,000 600,000 452,412 550,000 (50,000) -8% 62 - Maintenance & Operations Totals: 1,026,247 1,228,800 1,228,800 981,143 1,275,300 46,500 4% 66 - Utilities 101-3005-61100 Gas -Utilities FB Pool 22,836 25,000 25,000 2,239 25,000 0 0% 101-3005-61102 Electric - Monticello Park 191 300 300 212 300 0 0% 101-3005-61103 Electric - Civic Center Pai 28,430 40,000 40,000 16,185 40,000 0 0% 101-3005-61104 Electric - Pioneer Park - l 0 100 100 0 0 (100) -100% 101-3005-61105 Electric - Fritz Burns Park 16,625 17,000 17,000 5,546 19,000 2,000 12% 37 171 CITY OF LA QUINTA 101-3005-61106 Electric - Sports Complex 101-3005-61108 Electric - Colonel Paige - 101-3005-61109 Electric - Community Par 101-3005-61110 Electric - Adams Park - U 101-3005-61111 Electric - Velasco Park - l 101-3005-61113 Electric - Eisenhower Parl 101-3005-61114 Electric - Desert Pride - l 101-3005-61115 Electric - SilverRock Ever 101-3005-61201 Water -Monticello Park - 101-3005-61202 Water - Civic Center Park 101-3005-61203 Water -Eisenhower Park 101-3005-61204 Water -Fritz Burns Park - 101-3005-61205 Water -Velasco Park - Uti 101-3005-61206 Water -Desert Pride - Uti 101-3005-61207 Water -Pioneer Park - Uti 101-3005-61208 Water -Seasons Park - Ui 101-3005-61209 Water -Community Park 101-3005-61300 Telephone - Utilities 66 - Utilities Totals: GENERAL FUND EXPENSES 2024/25 2025/26 2025/26 2025/26 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 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 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 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 FY 2026/27 PROPOSED BUDGET 2026/27 26/27 vs. % Change d Budaet Current 25/26 in Budaet 46,000 0 0% 7,000 1,000 17% 110,000 0 0% 900 0 0% 350 50 17% 450 50 13% 350 0 0% 35,000 0 0% 35,000 0 0% 43,000 3,000 8% 3,500 500 17% 33,000 1,000 3% 2,700 200 8% 16,000 2,000 14% 18,000 3,000 20% 700 100 17% 91,000 1,000 1% 1,600 100 7% 491,599 514,950 514,950 347,007 528,850 13,900 3% 69 - Internal Service Charges 101-3005-98110 Information Tech Charge 104,700 136,300 136,300 102,225 82,500 (53,800) -39% 101-3005-98130 Park Equipment Maintenz 2,050,000 985,000 985,000 738,750 1,271,000 286,000 29% 101-3005-98140 Facility & Fleet Maintenar 162,000 165,200 165,200 123,900 164,700 (500) 0% 69 - Internal Service Charges Totals: 2,316,700 1,286,500 1,286,500 964,875 1,518,200 231,700 180/0 3005 - Parks Maintenance Totals: 5,448,040 4,731,650 4,731,650 3,669,121 5,123,250 391,600 80/0 38 172 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 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 Funds are transferred to the Park Equipment & Facility Internal Service Fund for park equipment replacements 39 173 THIS PAGE INTENTIONALLY LEFT BLANK 174 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 Budaet Current Budget YTD Activity* Proposed Budget Current 25/26 in Budget 3008 - Public Buildings 50 - Salaries and Benefits 101-3008-50101 Permanent Full Time 461,980 539,500 539,500 443,189 562,710 23,210 4% 101-3008-50105 Salaries - Overtime 183 500 500 21 500 0 0% 101-3008-50106 Standby 15,004 15,000 15,000 12,163 15,000 0 0% 101-3008-50107 Standby Overtime 19,455 20,000 20,000 1,707 20,000 0 0% 101-3008-50150 Other Compensation 481 500 500 396 1,520 1,020 204% 101-3008-50200 PERS-City Portion 43,373 51,100 51,100 40,501 54,330 3,230 6% 101-3008-50215 Other Fringe Benefits 5,866 7,150 7,150 4,903 7,150 0 0% 101-3008-50221 Medical Insurance 102,833 125,700 125,700 107,099 162,570 36,870 29% 101-3008-50222 Vision Insurance 1,322 0 0 1,369 1,850 1,850 0% 101-3008-50223 Dental Insurance 4,077 0 0 4,415 6,100 6,100 0% 101-3008-50224 Life Insurance 317 0 0 312 400 400 0% 101-3008-50225 Long Term Disability 3,377 3,400 3,400 3,327 4,160 760 22% 101-3008-50230 Workers Comp Insurance 26,200 26,000 26,000 19,500 28,300 2,300 9% 101-3008-50240 Social Security -Medicare 7,252 7,900 7,900 6,669 8,410 510 6% 50 - Salaries and Benefits Totals: 691,717 796,750 796,750 645,572 873,000 76,250 100/0 60 - Contract Services 101-3008-60115 Janitorial 201,259 225,000 225,000 150,068 225,000 0 0% 101-3008-60116 Pest Control 6,889 9,500 9,500 8,887 15,000 5,500 58% 101-3008-60123 Security & Alarm 8,692 10,000 10,000 21,702 20,000 10,000 100% 101-3008-60196 Annual Permits/Inspectio 7,594 10,000 10,000 11,004 10,000 0 0% 60 - Contract Services Totals: 224,435 254,500 254,500 191,662 270,000 15,500 6% 62 - Maintenance & Operations 101-3008-60320 Travel & Training 101-3008-60400 Office Supplies 101-3008-60427 Safety Gear 101-3008-60431 Materials/Supplies 101-3008-60432 Tools/Equipment 101-3008-60481 Office Supplies 101-3008-60667 HVAC 101-3008-60690 Uniforms 101-3008-60691 Maintenance/Services 101-3008-61702 Facility Rent 62 - Maintenance & Operations Totals 71 2,000 2,000 370 2,000 0 0% 46 500 500 34 500 0 0% 2,486 2,500 2,500 1,819 2,500 0 0% 55,418 50,000 50,000 39,511 50,000 0 0% 5,505 10,000 10,000 9,692 10,000 0 0% 0 0 0 0 200 200 0% 73,449 180,000 180,000 115,337 300,000 120,000 67% 1,833 2,000 2,000 2,007 2,000 0 0% 59,223 110,000 110,000 53,145 200,000 90,000 82% 750 1,000 1,000 0 1,000 0 0% 198,781 358,000 358,000 221,916 568,200 210,200 59% 66 - Utilities 101-3008-61100 Gas - Utilities 8,467 13,000 13,000 5,523 13,000 0 0% 101-3008-61101 Electricity - Utilities 246,145 225,000 225,000 171,212 225,000 0 0% 101-3008-61102 Electricity - Charging Sta 19,505 25,000 25,000 8,119 25,000 0 0% 101-3008-61200 Water - Utilities 10,762 10,000 10,000 11,836 10,000 0 0% 66 - Utilities Totals: 284,879 273,000 273,000 196,691 273,000 0 00/0 69 - Internal Service Charges 101-3008-91842 Liability Insurance & Claii 65,650 66,307 66,307 49,730 I 66,970 663 1% 40 175 CITY OF LA QUINTA GENERAL FUND EXPENSES FY 2026/27 PROPOSED BUDGET 101-3008-98110 Information Tech Charge 101-3008-98140 Facility & Fleet Maintenar 69 - Internal Service Charges Totals: 2024/25 2025/26 2025/26 2025/26 2026/27 26/27 vs. 0/b Change Actuals Ori final Bud et Current Bud et YTD Activity* Pro osed Budget Current 25 26 in Budget 164,500 214,200 214,200 160,650 129,600 (84,600) -39% 81,000 82,600 82,600 61,950 82,400 (200) 0% 311,150 363,107 363,107 272,330 278,970 (84,137) -23% 3008 - Public Buildings Totals: 1,710,962 2,045,357 2,045,357 1,528,171 2,263,170 217,813 110/0 41 176 CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET Department : 3008 - Public Buildings 101-3008-50101 Permanent Full Time 562,710 101-3008-60115 101-3008-60320 101-3008-60667 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 Janitorial 225,000 Janitorial services for all public buildings including parks Travel & Training 2,000 HVAC and other related training HVAC 300,000 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 Public building repairs and maintenance 101-3008-61702 Facility Rent 1,000 Finance Authority requires an annual State Controller's Report. The 1996 Civic Center Bond was paid off in October 2018. 42 177 THIS PAGE INTENTIONALLY LEFT BLANK 178 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 Budaet 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 362,611 476,900 476,900 318,380 464,540 (12,360) -3% 101-7001-50150 Other Compensation 481 500 500 396 480 (20) -4% 101-7001-50200 PERS-City Portion 40,447 51,900 51,900 36,240 52,080 180 0% 101-7001-50215 Other Fringe Benefits 3,910 5,200 5,200 3,268 4,870 (330) -6% 101-7001-50221 Medical Insurance 53,910 84,800 84,800 46,531 102,260 17,460 21% 101-7001-50222 Vision Insurance 694 0 0 549 930 930 0% 101-7001-50223 Dental Insurance 1,657 0 0 1,734 4,000 4,000 0% 101-7001-50224 Life Insurance 211 0 0 180 270 270 0% 101-7001-50225 Long Term Disability 2,414 3,100 3,100 2,236 3,440 340 11% 101-7001-50230 Workers Comp Insurance 19,100 18,900 18,900 14,175 20,600 1,700 9% 101-7001-50240 Social Security -Medicare 5,301 7,000 7,000 4,653 6,920 (80) -10/0 50 - Salaries and Benefits Totals: 490,737 648,300 648,300 428,343 660,390 12,090 2% 60 - Contract Services 101-7001-60104 Consultants 0 50,000 50,000 0 I 50,000 0 0% 101-7001-60125 Temporary Agency Servii 0 0 0 11,080 0 0 0% 60 - Contract Services Totals: 0 50,000 50,000 11,080 50,000 0 00/0 62 - Maintenance & Operations 101-7001-60320 Travel & Training 3,987 5,000 5,000 1,801 5,000 0 0% 101-7001-60351 Membership Dues 0 1,800 1,800 0 1,800 0 0% 101-7001-60400 Office Supplies 604 4,000 4,000 1,778 4,000 0 0% 101-7001-60420 Operating Supplies 353 1,000 1,000 0 1,000 0 0% 62 - Maintenance & Operations Totals: 4,944 11,800 11,800 3,578 11,800 0 00/0 69 - Internal Service Charges 101-7001-98110 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% 001 - Public Works Administration Totals: 615,280 865,900 865,900 559,852 816,490 (49,410) -6% 43 179 CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET Department : 7001 - Public Works Administration 101-7001-50101 Permanent Full Time 464,540 100% - Public Works Director/City Engineer 100% - Management Analyst 100% - Administrative Technician (2) 101-7001-60104 Consultants 50,000 Professional services and on -call electrical services 101-7001-60320 Travel & Training 5,000 Certification trainings 101-7001-60351 Membership Dues 1,800 American Public Works Association (APWA) 44 180 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 Budaet 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 144,031 147,900 167,900 133,902 233,120 65,220 39% 101-7002-50200 PERS-City Portion 20,352 21,000 21,000 17,578 28,410 7,410 35% 101-7002-50215 Other Fringe Benefits 1,304 1,300 1,300 1,090 2,600 1,300 100% 101-7002-50221 Medical Insurance 7,221 3,000 3,000 5,937 56,070 53,070 1,769% 101-7002-50222 Vision Insurance 197 0 0 176 560 560 0% 101-7002-50223 Dental Insurance 1,280 0 0 1,068 3,030 3,030 0% 101-7002-50224 Life Insurance 70 0 0 60 150 150 0% 101-7002-50225 Long Term Disability 1,006 1,000 1,000 984 1,730 730 73% 101-7002-50230 Workers Comp Insurance 4,800 4,800 4,800 3,600 10,300 5,500 115% 101-7002-50240 Social Security -Medicare 2,132 2,200 2,200 1,977 3,480 1,280 58% 50 - Salaries and Benefits Totals: 182,394 181,200 201,200 166,371 339,450 138,250 69% 60 - Contract Services 101-7002-60103 Professional Services 63,356 110,000 110,000 63,556 110,000 0 0% 101-7002-60104 Consultants 3,500 5,000 5,000 0 5,000 0 0% 101-7002-60183 Map/Plan Checking 68,829 150,000 150,000 112,561 150,000 0 0% 60 - Contract Services Totals: 135,685 265,000 265,000 176,117 265,000 0 00/0 62 - Maintenance & Operations 101-7002-60320 Travel & Training 1,254 1,500 1,500 369 1,500 0 0% 101-7002-60351 Membership Dues 0 500 500 0 500 0 0% 101-7002-60420 Operating Supplies 104 500 500 232 500 0 0% 101-7002-60450 Advertising 824 3,000 3,000 307 3,000 0 0% 62 - Maintenance & Operations Totals: 2,182 5,500 5,500 907 5,500 0 00/0 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 80/0 ublic Works Development Services Totals: 410,961 552,700 572,700 419,145 718,950 146,250 26% 45 181 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 233,120 100% - Associate Engineer 100% - Engineering Specialist 101-7002-60103 Professional Services 110,000 Stormwater Commercial/Restaurant State Mandate National Pollution Discharge Elimination Systems 101-7002-60104 Consultants 5,000 101-7002-60183 101-7002-60320 Project consulting services Map/Plan Checking 150,000 On -call map checking and engineering civil plan check services Travel & Training 1,500 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 Board of Civil Engineers license Other professional organizations 101-7002-60450 Advertising 3,000 Public hearing notices 46 182 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 Budaet Current Budget YTD Activity* Proposed Budget Current 25/26 in Budget 7003 - Streets- Traffic 50 - Salaries and Benefits 101-7003-50101 Permanent Full Time 92,724 136,300 136,300 109,768 141,730 5,430 4% 101-7003-50105 Salaries - Overtime 1,970 0 0 547 2,000 2,000 0% 101-7003-50106 Standby 14,241 20,000 20,000 12,396 20,000 0 0% 101-7003-50107 Standby Overtime 23,871 20,000 20,000 28,257 25,000 5,000 25% 101-7003-50150 Other Compensation 0 0 0 0 520 520 0% 101-7003-50200 PERS-City Portion 7,262 10,900 10,900 8,699 11,500 600 6% 101-7003-50215 Other Fringe Benefits 1,010 2,600 2,600 1,090 2,600 0 0% 101-7003-50221 Medical Insurance 27,679 54,600 54,600 34,265 46,610 (7,990) -15% 101-7003-50222 Vision Insurance 203 0 0 264 340 340 0% 101-7003-50223 Dental Insurance 1,233 0 0 1,547 1,990 1,990 0% 101-7003-50224 Life Insurance 107 0 0 120 150 150 0% 101-7003-50225 Long Term Disability 865 900 900 1,100 1,050 150 17% 101-7003-50230 Workers Comp Insurance 14,300 9,500 9,500 7,125 10,300 800 8% 101-7003-50240 Social Security -Medicare 1,926 2,000 2,000 2,179 2,100 100 5% 50 - Salaries and Benefits Totals: 187,392 256,800 256,800 207,356 265,890 9,090 4% 60 - Contract Services 101-7003-60103 Professional Services 241,547 0 0 0 I 0 0 0% 101-7003-60120 Street Cleaning/Accident! 62,697 10,000 10,000 10,468 20,000 10,000 100% 60 - Contract Services Totals: 304,244 10,000 10,000 10,468 20,000 10,000 1000/0 62 - Maintenance & Operations 101-7003-60320 Travel & Training 101-7003-60351 Membership Dues 101-7003-60400 Office Supplies 101-7003-60420 Operating Supplies 101-7003-60427 Safety Gear 101-7003-60432 Tools/Equipment 62 - Maintenance & Operations Totals 12,374 15,000 15,000 11,997 15,000 363 550 550 180 550 75 500 500 101 500 0% 0% 0% 45,893 30,000 30,000 34,767 30,000 0 0% 0 0 0 2,129 5,000 5,000 0% 36,896 15,000 15,000 18,161 15,000 0 0% 95,601 61,050 61,050 67,336 66,050 5,000 80/0 64 - Other Expenses 101-7003-60510 Signal Knockdowns, Cont 1,515 5,000 5,000 736 5,000 0 0% 64 - Other Expenses Totals: 1,515 5,000 5,000 736 5,000 0 00/0 65 - Repair & Maintenance 101-7003-60691 Maintenance/Services 107,999 750,000 750,000 204,418 750,000 0 0% 65 - Repair & Maintenance Totals: 107,999 750,000 750,000 204,418 750,000 0 00/0 68 - Capital Expenses 101-7003-80100 Machinery & Equipment 0 30,000 30,000 2,512 0 (30,000) -100% 68 - Capital Expenses Totals: 0 30,000 30,000 2,512 0 (30,000) -1000/0 47 183 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 Budaet Current Budget YTD Activity* Proposed Budget Current 25/26 in Budget 69 - Internal Service Charges 101-7003-98110 Information Tech Charge 89,700 77,900 77,900 58,425 47,200 (30,700) -39% 69 - Internal Service Charges Totals: 89,700 77,900 77,900 58,425 47,200 (30,700) -39% 7003 - Streets- Traffic Totals: 786,450 1,190,750 1,190,750 551,250 1,154,140 (36,610) -3% 48 184 CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET Department : 7003 - Streets- Traffic 101-7003-50101 Permanent Full Time 101-7003-60320 101-7003-60351 101-7003-60510 101-7003-60691 100% - Traffic Signal Technician/Apprentice (2) 141,730 Travel & Training 15,000 On -site hearing tests American Traffic Safety Services Association (ATSSA) certification International Municipal Signal Association (IMSA) certification Class B commercial and equipment operator certification Membership Dues 550 CA Park and Recreations American Traffic Safety Services Association (ATSSA) Signal Knockdowns, Contingen For traffic signal repairs due to accidents Maintenance/Services 5,000 750,000 49 185 THIS PAGE INTENTIONALLY LEFT BLANK 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 Budaet Current Budget YTD Activity* Proposed Budget Current 25/26 in Budget 7006 - Engineering Services 50 - Salaries and Benefits 101-7006-50101 Permanent Full Time 274,790 427,300 427,300 251,069 437,030 9,730 2% 101-7006-50105 Salaries - Overtime 0 500 500 0 500 0 0% 101-7006-50106 Standby 11,876 5,000 5,000 12,669 15,000 10,000 200% 101-7006-50107 Standby Overtime 0 1,000 1,000 0 1,000 0 0% 101-7006-50150 Other Compensation 0 0 0 0 520 520 0% 101-7006-50200 PERS-City Portion 21,202 34,000 34,000 19,532 35,200 1,200 4% 101-7006-50215 Other Fringe Benefits 3,910 5,200 5,200 3,268 5,200 0 0% 101-7006-50221 Medical Insurance 56,789 109,100 109,100 50,885 118,300 9,200 8% 101-7006-50222 Vision Insurance 496 0 0 456 910 910 0% 101-7006-50223 Dental Insurance 2,783 0 0 2,394 4,640 4,640 0% 101-7006-50224 Life Insurance 211 0 0 183 290 290 0% 101-7006-50225 Long Term Disability 1,952 2,700 2,700 1,895 3,230 530 20% 101-7006-50230 Workers Comp Insurance 14,300 18,900 18,900 14,175 20,600 1,700 9% 101-7006-50240 Social Security -Medicare 4,157 6,200 6,200 3,824 6,440 240 4% 50 - Salaries and Benefits Totals: 392,468 609,900 609,900 360,350 648,860 38,960 6% 60 - Contract Services 101-7006-60103 Professional Services 101-7006-60104 Consultants 101-7006-60144 Contract Traffic Engineer 101-7006-60145 Traffic Counts/Studies 101-7006-60146 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 & Publicatic 101-7006-60420 Operating Supplies 101-7006-60427 Safety Gear 101-7006-60690 Uniforms 62 - Maintenance & Operations Totals: 10,350 20,000 20,000 0 20,000 0 0% 23,800 60,000 60,000 3,995 60,000 0 0% 184,540 180,000 180,000 140,446 200,000 20,000 11% 4,643 20,000 20,000 5,537 20,000 0 0% 54,535 100,000 100,000 5,543 100,000 0 0% 277,868 380,000 380,000 155,520 400,000 20,000 5% 6,465 7,000 7,000 2,237 7,000 0 0% 1,941 2,500 2,500 0 2,500 0 0% 0 500 500 0 500 0 0% 0 1,000 1,000 0 1,000 0 0% 935 1,000 1,000 575 1,000 0 0% 1,121 2,000 2,000 1,161 2,000 0 0% 10,461 14,000 14,000 3,973 14,000 0 00/0 64 - Other Expenses 101-7006-60480 Contributions to Other Ac 133,008 200,000 200,000 52,074 200,000 0 0% 64 - Other Expenses Totals: 133,008 200,000 200,000 52,074 200,000 0 00/0 69 - Internal Service Charges 101-7006-98110 Information Tech Charge 89,700 155,800 155,800 116,850 94,300 (61,500) -39% 69 - Internal Service Charges Totals: 89,700 155,800 155,800 116,850 94,300 (61,500) -39% 7006 - Engineering Services Totals: 903,505 1,359,700 1,359,700 688,767 1,357,160 (2,540) 00/0 50 187 CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET Department : 7006 - Engineering Services 101-7006-50101 Permanent Full Time 437,030 100% - Senior Civil Engineer 100% - Assistant Construction Manager 100% - Construction Inspector/Apprentice (2) 101-7006-60103 Professional Services 20,000 Regional scour analysis 101-7006-60104 Consultants 60,000 Project design services 101-7006-60146 PM 10 - Dust Control 100,000 Vacant city land dust control - near SilverRock, Highway 111 next to the Marriott Hotel, and other city owned land 101-7006-60320 Travel & Training 7,000 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 101-7006-60351 Membership Dues 2,500 American Public Works Association (APWA) Institute of Transportation Engineers (ITE) American Society of Civil Engineers (ASCE) 101-7006-60352 Subscriptions & Publications 500 Subdivision map act books 101-7006-60480 Contributions to Other Agencie 200,000 Reimbursement agreement with the Coachella Valley Association of Governments (CVAG) for the Avenue 48 Arts and Music Line Project design 51 188 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 Budaet Current Budget YTD Activity* Proposed Budget Current 25/26 in Budget 6001 - Design & Development Administra 50 - Salaries and Benefits 101-6001-50101 Permanent Full Time 356,972 335,700 335,700 277,875 379,330 43,630 13% 101-6001-50110 Commissions & Boards 5,616 8,400 8,400 4,116 8,400 0 0% 101-6001-50150 Other Compensation 477 500 500 0 0 (500) -100% 101-6001-50200 PERS-City Portion 28,927 26,800 26,800 23,558 35,920 9,120 34% 101-6001-50215 Other Fringe Benefits 2,918 3,900 3,900 3,318 3,900 0 0% 101-6001-50221 Medical Insurance 52,467 81,800 81,800 72,100 99,820 18,020 22% 101-6001-50222 Vision Insurance 540 0 0 733 910 910 0% 101-6001-50223 Dental Insurance 2,096 0 0 2,421 3,700 3,700 0% 101-6001-50224 Life Insurance 150 0 0 183 220 220 0% 101-6001-50225 Long Term Disability 1,828 2,200 2,200 2,021 2,810 610 28% 101-6001-50230 Workers Comp Insurance 9,600 14,200 14,200 10,650 15,500 1,300 9% 101-6001-50240 Social Security -Medicare 5,258 4,900 4,900 4,089 5,630 730 15% 101-6001-50241 Social Security -FICA 348 0 0 255 0 0 0% 50 - Salaries and Benefits Totals: 467,197 478,400 478,400 401,318 556,140 77,740 16% 60 - Contract Services 101-6001-60122 Credit Card Fees 98,082 25,000 25,000 10,685 15,000 (10,000) -40% 60 - Contract Services Totals: 98,082 25,000 25,000 10,685 15,000 (10,000) -40% 62 - Maintenance & Operations 101-6001-60320 Travel & Training 1,474 5,000 5,000 98 5,000 0 0% 101-6001-60351 Membership Dues 535 600 600 1,461 1,000 400 67% 101-6001-60352 Subscriptions & Publicatic 147 700 700 0 700 0 0% 101-6001-60400 Office Supplies 1,493 2,000 2,000 524 2,000 0 0% 101-6001-60410 Printing 0 400 400 0 400 0 0% 101-6001-60420 Operating Supplies 501 1,000 1,000 175 1,000 0 0% 101-6001-60450 Advertising 0 1,000 1,000 0 1,000 0 0% 62 - Maintenance & Operations Totals: 4,151 10,700 10,700 2,257 11,100 400 4% 69 - Internal Service Charges 101-6001-98110 Information Tech Charge 59,800 116,900 116,900 87,675 I 70,700 (46,200) -40% 101-6001-98140 Facility & Fleet Maintenar 101,300 103,300 103,300 77,475 103,000 (300) 0% 69 - Internal Service Charges Totals: 161,100 220,200 220,200 165,150 173,700 (46,500) -21% ign & Development Administration Totals: 730,530 734,300 734,300 579,410 755,940 21,640 3% 52 189 CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES Department : 6001 - Design & Development Administration 101-6001-50101 Permanent Full Time 379,330 100% - Design & Development Director 100% - Administrative Technician 100% - Administrative Assistant 101-6001-60320 Travel & Training 5,000 Staff professional development American Planning Association (APA) Conference 101-6001-60351 Membership Dues 1,000 American Public Works Association (APWA) American Institute of Certified Planners (AICP) 101-6001-60352 Subscriptions & Publications The Desert Sun 101-6001-60410 Printing Materials for community events 101-6001-60450 Advertising Public noticing requirements 700 400 1,000 FY 2026/27 PROPOSED BUDGET 53 190 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 Budaet Current Budget YTD Activity* Proposed Budget Current 25/26 in Budget 6002 - Planning 50 - Salaries and Benefits 101-6002-50101 Permanent Full Time 423,228 461,600 461,600 231,166 462,230 630 0% 101-6002-50150 Other Compensation 0 0 0 0 480 480 0% 101-6002-50200 PERS-City Portion 35,393 39,200 39,200 19,775 40,040 840 2% 101-6002-50215 Other Fringe Benefits 5,000 5,200 5,200 2,579 4,870 (330) -6% 101-6002-50221 Medical Insurance 100,782 109,100 109,100 54,816 123,590 14,490 13% 101-6002-50222 Vision Insurance 909 0 0 506 1,050 1,050 0% 101-6002-50223 Dental Insurance 4,434 0 0 2,381 4,180 4,180 0% 101-6002-50224 Life Insurance 263 0 0 141 270 270 0% 101-6002-50225 Long Term Disability 2,862 3,000 3,000 1,674 3,420 420 14% 101-6002-50230 Workers Comp Insurance 19,100 18,900 18,900 14,175 20,600 1,700 9% 101-6002-50240 Social Security -Medicare 6,137 6,700 6,700 3,352 6,830 130 2% 50 - Salaries and Benefits Totals: 598,107 643,700 643,700 330,565 667,560 23,860 4% 60 - Contract Services 101-6002-60103 Professional Services 35,052 760,000 760,000 42,822 I 950,000 190,000 25% 101-6002-60125 Temporary Agency Servii 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 16,400 0 0% 101-6002-60351 Membership Dues 450 1,300 1,300 300 1,300 0 0% 101-6002-60352 Subscriptions & Publicatic 589 600 600 82 600 0 0% 101-6002-60450 Advertising 12,777 15,000 15,000 5,232 15,000 0 0% 62 - Maintenance & Operations Totals: 19,917 33,300 33,300 11,009 33,300 0 00/0 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 1,745,160 152,360 100/0 54 191 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 Professional Services 462,230 950,000 On -call Consultant Planner services On -call Urban Planning Consultant services Sphere of Influence (SOI) Master planning 101-6002-60320 Travel & Training 16,400 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 American Planning Association (APA) Certified Planner (AICP) CA Preservation Foundation (historic resources) 101-6002-60352 Subscriptions & Publications 600 International Cost Engineering Council - CEQA books Subdivision Map Act Planning and zoning laws 101-6002-60450 Advertising 15,000 Planning hearing notices Public notification requirements for city and development projects - Desert Sun Outreach workshops 55 192 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 Budaet Current Budget YTD Activity* Proposed Budget Current 25/26 in Budget 6003 - Building 50 - Salaries and Benefits 101-6003-50101 Permanent Full Time 597,767 641,200 641,200 533,844 673,580 32,380 5% 101-6003-50105 Salaries - Overtime 23,781 20,000 20,000 1,090 20,000 0 0% 101-6003-50150 Other Compensation 1,926 2,000 2,000 1,583 2,960 960 48% 101-6003-50200 PERS-City Portion 54,994 60,300 60,300 49,791 64,700 4,400 7% 101-6003-50215 Other Fringe Benefits 6,518 7,800 7,800 5,448 7,800 0 0% 101-6003-50221 Medical Insurance 158,997 163,600 163,600 138,822 198,130 34,530 21% 101-6003-50222 Vision Insurance 1,649 0 0 1,489 1,930 1,930 0% 101-6003-50223 Dental Insurance 7,876 0 0 6,969 8,960 8,960 0% 101-6003-50224 Life Insurance 422 0 0 360 440 440 0% 101-6003-50225 Long Term Disability 4,231 4,100 4,100 3,898 4,980 880 21% 101-6003-50230 Workers Comp Insurance 28,600 28,400 28,400 21,300 30,900 2,500 9% 101-6003-50240 Social Security -Medicare 9,020 9,300 9,300 7,763 10,040 740 8% 50 - Salaries and Benefits Totals: 895,780 936,700 936,700 772,356 1,024,420 87,720 90/0 60 - Contract Services 101-6003-60118 Plan Checks 265,173 300,000 300,000 96,968 300,000 0 0% 60 - Contract Services Totals: 265,173 300,000 300,000 96,968 300,000 0 00/0 62 - Maintenance & Operations 101-6003-60320 Travel & Training 101-6003-60351 Membership Dues 101-6003-60352 Subscriptions & Publicatic 101-6003-60420 Operating Supplies 101-6003-60425 Supplies - Field 101-6003-60427 Safety Gear 101-6003-60690 Uniforms 62 - Maintenance & Operations Totals: 3,560 0 0 0 94 0 6,500 6,500 3,774 4,000 (2,500) -38% 1,000 1,000 405 1,000 0 0% 4,700 4,700 2,106 1,500 (3,200) -68% 600 600 0 600 0 0% 1,000 1,000 0 1,000 0 0% 0 0 942 1,000 1,000 0% 2,191 2,000 2,000 2,210 2,000 0 0% 5,846 15,800 15,800 9,438 11,100 (4,700) -30% 69 - Internal Service Charges 101-6003-98110 Information Tech Charge 179,400 233,700 233,700 175,275 I 141,400 (92,300) -39% 101-6003-98140 Facility & Fleet Maintenar 121,500 123,900 123,900 92,925 123,500 (400) 0% 69 - Internal Service Charges Totals: 300,900 357,600 357,600 268,200 264,900 (92,700) -26% 6003 - Building Totals: 1,467,698 1,610,100 1,610,100 1,146,961 1,600,420 (9,680) -10/0 56 193 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% - Buildina Inspector/Apprentice 101-6003-60118 Plan Checks 101-6003-60320 101-6003-60351 101-6003-60352 673,580 300,000 Consulting services as needed to support plan check review services Travel & Training 4,000 CA Building Officials (CALBO) International Code Council certifications Membership Dues 1,000 CA Building Officials (CALBO) International Association of Plumbing and Mechanical Officials (IAPMO) Subscriptions & Publications 1,500 Updated California Building Code books and other professional subscriptions 57 194 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 Budaet Current Budget YTD Activity* Proposed Budget Current 25/26 in Budget 6006 - The Hub 50 - Salaries and Benefits 101-6006-50101 Permanent Full Time 703,577 740,600 740,600 580,117 766,800 26,200 4% 101-6006-50150 Other Compensation 0 0 0 0 1,560 1,560 0% 101-6006-50200 PERS-City Portion 65,961 70,400 70,400 55,483 74,340 3,940 6% 101-6006-50215 Other Fringe Benefits 10,728 10,400 10,400 8,066 10,400 0 0% 101-6006-50221 Medical Insurance 209,101 218,200 218,200 181,534 257,430 39,230 18% 101-6006-50222 Vision Insurance 1,946 0 0 1,714 2,390 2,390 0% 101-6006-50223 Dental Insurance 9,392 0 0 7,674 10,520 10,520 0% 101-6006-50224 Life Insurance 589 0 0 468 580 580 0% 101-6006-50225 Long Term Disability 4,867 4,700 4,700 4,230 5,670 970 21% 101-6006-50230 Workers Comp Insurance 42,900 37,800 37,800 28,350 41,200 3,400 9% 101-6006-50240 Social Security -Medicare 10,202 10,800 10,800 8,412 11,400 600 6% 50 - Salaries and Benefits Totals: 1,059,263 1,092,900 1,092,900 876,047 1,182,290 89,390 80/0 60 - Contract Services 101-6006-60125 Temporary Agency Servii 0 0 0 22,238 0 0 0% 60 - Contract Services Totals: 0 0 0 22.238 0 0 00/0 62 - Maintenance & Operations 101-6006-60320 Travel & Training 101-6006-60351 Membership Dues 101-6006-60420 Operating Supplies 62 - Maintenance & Operations Totals 6,972 150 2,967 10,000 150 10,000 150 5,000 1,043 300 1.153 10,000 150 5,000 0% 0% 0% 10,089 15,150 15,150 2,496 15,150 0 00/0 69 - Internal Service Charges 101-6006-98110 Information Tech Charge 269,100 311,600 311,600 233,700 188,500 (123,100) -40% 69 - Internal Service Charges Totals: 269,100 311,600 311,600 233,700 188,500 (123,100) -40% 6006 - The Hub Totals: 1,338,452 1,419,650 1,419,650 1,134,481 1,385,940 (33,710) -20/o 58 195 CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET Department : 6006 - The Hub 101-6006-50101 Permanent Full Time 766,800 100% - 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 Tyler Annual Conference California Municipal Revenue & Tax Annual Conference Structured Query Language (SQL) training Fred Pryor- Technical & management training 59 196 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 Budaet Current Budget YTD Activity* Proposed Budget Current 25/26 in Budget 1006 - Finance 50 - Salaries and Benefits 101-1006-50101 Permanent Full Time 902,546 1,125,000 1,125,000 830,428 1,194,690 69,690 6% 101-1006-50105 Salaries - Overtime 466 0 0 810 2,000 2,000 0% 101-1006-50110 Commissions & Boards 1,875 3,700 3,700 1,500 3,700 0 0% 101-1006-50150 Other Compensation 0 0 0 0 1,040 1,040 0% 101-1006-50200 PERS-City Portion 93,830 115,900 115,900 80,909 119,650 3,750 3% 101-1006-50201 PERS-Employee Portion 308 0 0 (1,848) 0 0 0% 101-1006-50210 PERS-Survivor Benefits (1) 0 0 (2) 0 0 0% 101-1006-50215 Other Fringe Benefits 10,298 12,900 12,900 9,107 13,000 100 1% 101-1006-50221 Medical Insurance 216,868 297,300 297,300 169,111 310,250 12,950 4% 101-1006-50222 Vision Insurance 2,127 0 0 1,634 2,530 2,530 0% 101-1006-50223 Dental Insurance 8,919 0 0 6,475 10,730 10,730 0% 101-1006-50224 Life Insurance 556 0 0 501 750 750 0% 101-1006-50225 Long Term Disability 6,129 7,100 7,100 5,941 8,840 1,740 25% 101-1006-50230 Workers Comp Insurance 47,200 46,800 46,800 35,100 50,900 4,100 9% 101-1006-50240 Social Security -Medicare 13,731 17,300 17,300 12,155 17,700 400 2% 101-1006-50241 Social Security -FICA 116 0 0 93 0 0 0% 101-1006-50251 Temporary 42,068 58,200 58,200 5,558 0 (58,200) -100% 50 - Salaries and Benefits Totals: 1,347,035 1,684,200 1,684,200 1,157,472 1,735,780 51,580 3% 60 - Contract Services 101-1006-60102 Administration 101-1006-60103 Professional Services 101-1006-60104 Consultants 101-1006-60106 Auditors 101-1006-60122 Credit Card Fees 60 - Contract Services Totals 15,248 25,000 25,000 13,781 25,000 0 0% 49,270 70,000 70,000 32,399 70,000 0 0% 36,024 50,000 50,000 37,560 50,000 0 0% 106,115 110,000 110,000 50,725 110,000 0 0% 1,166 1,500 1,500 0 100 (1,400) -93% 207,823 256,500 256,500 134,465 255,100 (1,400) -10/0 62 - Maintenance & Operations 101-1006-60137 Community Engagement 0 1,500 1,500 0 1,000 (500) -33% 101-1006-60320 Travel & Training 10,747 25,000 25,000 13,096 25,000 0 0% 101-1006-60351 Membership Dues 3,239 4,000 4,000 4,119 4,500 500 13% 101-1006-60352 Subscriptions & Publicatic 3,529 2,200 2,200 1,485 2,200 0 0% 101-1006-60400 Office Supplies 3,325 4,000 4,000 3,408 4,000 0 0% 101-1006-60410 Printing 1,562 5,000 5,000 1,576 5,000 0 0% 101-1006-60450 Advertising 552 1,000 1,000 0 1,000 0 0% 62 - Maintenance & Operations Totals: 22,954 42,700 42,700 23,684 42,700 0 00/0 64 - Other Expenses 101-1006-62005 Bad Debt Expense 259,973 0 0 0 0 0 0% 64 - Other Expenses Totals: 259,973 0 0 0 0 0 00/0 60 197 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 Budaet Current Budget YTD Activity* Proposed Budget Current 25/26 in Budget 69 - Internal Service Charges 101-1006-98110 Information Tech Charge 296,000 385,500 385,500 289,125 233,200 (152,300) -40% 69 - Internal Service Charges Totals: 296,000 385,500 385,500 289,125 233,200 (152,300) -40% 1006 - Finance Totals: 2,133,785 2,3681900 2,368,900 1,604,746 2,266,780 (102,120) -4% 61 198 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 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 101-1006-60104 Consultants 50,000 Property tax revenue analysis Sales tax revenue analysis 101-1006-60137 Community Engagement 1,000 Community workshop and budget outreach 62 199 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 63 200 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 Budaet Current Budget YTD Activity* Proposed Budget Current 25/26 in Budget 1007 - Central Services 50 - Salaries and Benefits 101-1007-50109 Vacation & Sick Leave BL 220,155 150,000 150,000 146,015 200,000 50,000 33% 101-1007-50115 Contingency for Stafffing 0 200,000 180,000 0 200,000 20,000 11% 101-1007-50117 PERS - Unfunded Pensior 4,125,514 350,000 350,000 12,896 400,000 50,000 14% 101-1007-50240 Social Security -Medicare 3,192 0 0 2,121 0 0 0% 101-1007-50243 Employer Contrib Retiree 27,879 35,000 35,000 21,655 30,000 (5,000) -14% 101-1007-50244 State Unemployment Ins 9,151 25,000 25,000 1,998 1 10,000 (15,000) -60% 50 - Salaries and Benefits Totals: 4,385,891 760,000 740,000 184,685 840,000 100,000 14% 62 - Maintenance & Operations 101-1007-60351 Membership Dues 101-1007-60401 Operating Supplies 101-1007-60402 Forms, Copier Paper 101-1007-60403 Citywide Supplies 101-1007-60405 Miscellaneous Supplies 101-1007-60442 Estimated Claims 101-1007-60470 Postage 101-1007-60536 TOT Resort Rebate Progr 101-1007-60661 Postage Machine 62 - Maintenance & Operations Totals: 130 200 200 130 200 0 0% 1,805 2,000 2,000 0 0 (2,000) -100% 3,405 5,000 5,000 4,595 5,000 0 0% 14,299 12,000 12,000 12,587 14,000 2,000 17% 255 1,000 1,000 0 500 (500) -50% 0 0 0 7,500 0 0 0% 17,151 20,000 20,000 18,439 25,000 5,000 25% 0 100,000 550,000 0 100,000 (450,000) -82% 11,421 13,000 13,000 11,421 13,000 0 0% 48,466 153,200 603,200 54,673 157,700 (445,500) -74% 68 - Capital Expenses 101-1007-74010 Land Acquisition 0 20,000 20,000 0 20,000 0 0% 68 - Capital Expenses Totals: 0 20,000 20,000 0 20,000 0 00/0 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: 562,545 569,000 569,000 426,750 574,690 5,690 1% 28,500 26,655 26,655 19,991 26,923 268 1% 70,000 72,000 72,000 54,000 72,720 720 1% 149,500 194,700 194,700 146,025 140,700 (54,000) -28% 80,400 81,800 81,800 61,350 81,700 (100) 0% 890,945 944,155 944,155 708,116 896,733 (47,422) -50/0 99 - Transfers Out 101-1007-99900 Transfers Out 8,539,101 25,009,000 67,859,242 20,606,362 22,719,000 (45,140,242) -67% 99 - Transfers Out Totals: 8,539,101 25,009,000 67,859,242 20,606,362 22,719,000 (45,140,242) -67% 1007 - Central Services Totals: 13,864,403 26,886,355 70,166,597 21,553,836 24,633,433 (45,533,164) -65% 64 201 CITY OF LA QUINTA GENERAL FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET Department : 1007 - Central Services 101-1007-50115 Contingency for Stafffing 101-1007-50117 101-1007-60536 101-1007-74010 Workforce flexibility Work within Class and Compensation structure Manage CalPERS increases Ensure job rates reflect market rates 200,000 PERS - Unfunded Pension Liability 400,000 Annual minimum CalPERS 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. 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. Land Acquisition 20,000 Engineering maps, property survey & title search services 65 202 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 Fund - Sidewalk & ADA Ramp Improvements $75,000 CIP General Fund - Citywide PMP Street Improvements $1,000,000 CIP General Fund - Citywide Drainage Improvements $477,000 CIP General Fund - LLD Median Improvements $500,000 CIP General Fund - Miles Avenue Pavement Rehabilitation $500,000 CIP General Fund - Citywide Irrigation Upgrades $250,000 CIP General Fund - SilverRock Park Lake & Irrigation Conversion $1,500,000 CIP General Fund - Avenue 47 Pavement Rehabilitation (Washington St to La Quinta Dr) $30,000 CIP General Fund -Avenue 52 Pavement Rehabilitation $30,000 CIP Measure G - Citywide PMP Street Improvements $1,000,000 CIP Measure G - Maintenance & Operations Yard $8,000,000 Measure G - Cultural Campus $4,000,000 CIP Measure G - Hwy 111 Corridor Implementation $1,000,000 General Fund support transfers to supplement operations: Art in Public Places - Maintenance/Installation $50,000 Gas Tax Fund - Supplement Operations $800,000 Law Enforcement Fund - Deceased LQ Officers $2,000 Landscape & Lighting (LLD) Fund - Supplement Maintenance Operations $3,000,000 PARS Supplemental Pension Plan $5,000 SilverRock Resort $500,000 66 203 THIS PAGE INTENTIONALLY LEFT BLANK 204 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 Budaet 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 87,747 200,000 45,000 29% 501-0000-41910 GASB 31 Interest 84,163 0 0 0 0 0 0% 501-0000-42000 Insurance Recoveries 0 0 0 1,196 0 0 0% 360 - Use of Money & Property Totals: 282,331 155,000 155,000 88,943 200,000 45,000 29% 390 - Other Financing Sources 501-0000-42207 Capital Contributions 49,566 0 0 0 0 0 0% 501-0000-43636 FMP Equipment Charges 1,559,000 1,589,500 1,589,500 1,192,125 1,584,700 (4,800) 0% 501-0000-45000 Gain/Loss on Asset Dispc 30,000 1,000 1,000 27,859 0 (1,000) -100% 390 - Other Financing Sources Totals: 1,638,566 1,590,500 1,590,500 1,219,984 1,584,700 (5,800) 00/0 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 Enhancemeni 109,049 30,000 30,000 156,441 100,000 70,000 233% 340 - Charges for Services Totals: 109,049 30,000 30,000 156,441 100,000 70,000 233% 360 - Use of Money & Property 502-0000-41900 Allocated Interest 502-0000-41910 GASB 31 Interest 360 - Use of Money & Property Totals: 170,419 12,500 65,326 0 12,500 84,743 219,000 0 0 0 206,500 1,652% 0 0% 390 - Other Financing Sources 502-0000-42207 Capital Contributions 90,409 0 0 0 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% W2 - 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 1880/0 67 205 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 Budaet 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-INSURANCEFUND 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 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% 68 206 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 Budaet Current Budget YTD Activity* Proposed Budget Current 25/26 in Budget 501 - FACILITY & FLEET REPLACEMENT 0000 - Undesignated 60 - Contract Services 501-0000-60213 Interest Expense 1,052 0 0 0 0 0 0% 60 - Contract Services Totals: 1,052 0 0 0 0 0 00/0 62 - Maintenance & Operations 501-0000-60674 Fuel& Oil 108,083 100,000 100,000 83,326 100,000 0 0% 501-0000-60675 Parts, Accessories, and U 18,756 100,000 100,000 44,460 100,000 0 0% 501-0000-60676 Vehicle Repair & Mainter 100,734 100,000 100,000 78,979 100,000 0 0% 501-0000-60677 HAZMAT Containment an 0 0 0 3,599 0 0 0% 501-0000-60678 Street Sweeper 170 0 0 91 200 200 0% 501-0000-60679 Motorcycle Repair & Main 23,355 20,000 20,000 28,749 1 20,000 0 0% 62 - Maintenance & Operations Totals: 251,100 320,000 320,000 239,204 320,200 200 00/0 63 -Insurance 501-0000-91843 Property & Crime Insurar 14,220 14,363 14,363 10,772 14,507 144 1% 63 - Insurance Totals: 14.220 14.363 14.363 10.772 14.507 144 10/0 68 - Capital Expenses 501-0000-71020 Furniture 501-0000-71030 Vehicles, Rentals & Lease 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 - N 501-0000-71121 Depreciation Expense - P 501-0000-71124 Depreciation Expense - P 501-0000-80100 Machinery & Equipment 68 - Capital Expenses Totals: 20,843 65,000 65,000 (5,369) 5,000 5,000 (121,881) 75,000 175,000 2,982 46,000 46,000 721,064 600,000 750,000 2,002 0 0 132,738 80,000 80,000 54,379 50,000 50,000 352,197 350,000 350,000 18,742 15,000 15,000 527 550 550 1,116 1 137,144 33,974 211,087 0 0 25,000 5,000 150,000 58,000 600,000 2,000 80,000 50,000 350,000 15,000 550 (40,000) 0 (25,000) 12,000 (150,000) 2,000 0 -62% 0% -14% 26% -20% 0% 0% 0% 0% 0% 0% 32,809 25,000 25,000 0 30,000 5,000 20% 126,500 50,000 250,000 48,332 50,000 (200,000) -80% 1,337,534 1,361,550 1,811,550 431,654 1,415,550 (396,000) -22% 99 - Transfers Out 501-0000-99900 Transfers Out 0 50,000 331,614 0 50,000 (281,614) -85% 99 - Transfers Out Totals: 0 50.000 331.614 0 50.000 (281.6141 -850/0 0000 - Undesignated Totals: 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% 69 207 CITY OF LA QUINTA INTERNAL SERVICE FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET Fund: 501 - FACILITY & FLEET REPLACEMENT 501-0000-71103 CRY 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. 70 208 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 Budaet Current Budget YTD Activity* Proposed Budget Current 25/26 in Budget 502 - INFORMATION TECHNOLOGY 0000 - Undesignated 50 - Salaries and Benefits 502-0000-50101 Permanent Full Time 43,277 169,200 169,200 39,187 123,990 (45,210) -27% 502-0000-50200 PERS-City Portion 3,311 13,500 13,500 3,016 9,830 (3,670) -27% 502-0000-50215 Other Fringe Benefits 521 1,820 1,820 436 1,300 (520) -29% 502-0000-50221 Medical Insurance 5,739 38,200 38,200 4,861 48,870 10,670 28% 502-0000-50222 Vision Insurance 36 0 0 34 330 330 0% 502-0000-50223 Dental Insurance 230 0 0 192 1,650 1,650 0% 502-0000-50224 Life Insurance 28 0 0 24 70 70 0% 502-0000-50225 Long Term Disability 292 1,100 1,100 278 920 (180) -16% 502-0000-50240 Social Security -Medicare 627 2,500 2,500 568 1,800 (700) -28% 50 - Salaries and Benefits Totals: 54,061 226,320 226,320 48,595 188,760 (37,560) -17% 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: 754,478 1,550,000 1,550,000 469,272 750,000 (800,000) -52% 325 9,000 9,000 0 0 (9,000) -100% 40,470 0 0 0 40,000 40,000 0% 27,798 33,000 33,000 33,210 36,000 3,000 9% 373,624 900,000 900,000 868,905 900,000 0 0% 1,196,695 2,492,000 2,492,000 1,371,387 1,726,000 (766,000) -31% 0 1,500 1,500 0 1,500 0 0% 120 0 0 0 200 200 0% 0 0 0 160 500 500 0% 13,662 8,000 8,000 7,579 8,000 0 0% 18,245 80,000 80,000 17,990 80,000 0 0% 32,027 89,500 89,500 25,730 90,200 700 10/0 66 - Utilities 502-0000-61300 Telephone - Utilities 37,917 35,000 35,000 39,930 37,000 2,000 6% 502-0000-61301 Cell/Mobile Phones 62,556 60,000 60,000 37,723 60,000 0 0% 502-0000-61400 Cable/Internet - Utilities 107,625 90,000 90,000 88,699 90,000 0 0% 66 - Utilities Totals: 208,098 185,000 185,000 166,353 187,000 2,000 10/0 68 - Capital Expenses 502-0000-71047 City Clerk, Software Enhz 502-0000-71049 Software Implementatior 502-0000-71110 Depreciation Expense 502-0000-71111 Deprec Exp - Mach & EqL 502-0000-71115 Depreciation Expense- S 502-0000-71121 Depreciation Expense- P 502-0000-71122 Depreciation Expense- C 502-0000-80100 Machinery & Equipment 502-0000-80103 Computers 68 - Capital Expenses Totals: 7,017 13,000 13,000 0 10,000 (3,000) -23% 21,676 250,000 250,000 0 30,000 (220,000) -88% 0 5,000 5,000 0 5,000 0 0% 183,715 60,000 60,000 0 6,000 (54,000) -90% 357,113 70,000 70,000 0 70,000 0 0% 173 0 0 0 175 175 0% 1,267 0 0 0 1,300 1,300 0% 62,399 500,000 500,000 64,417 250,000 (250,000) -50% 71,685 305,000 405,000 88,115 300,000 (105,000) -26% 705,044 1,203,000 1,303,000 152,532 672,475 (630,525) -48% 0000 - Undesignated Totals: 2,195,927 4,195,820 71 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% 72 210 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 502-0000-60104 Consultants 502-0000-60320 502-0000-60420 502-0000-80100 123,990 750,000 Contracted information technology services and other related major infrastructure projects Travel & Training 1,500 Fraud prevention, firewall, encryption, coding, and other IT - related trainings Operating Supplies 8,000 Small equipment such as keyboards, computer mouses, cables, conference room TV's, speakers, docking stations, etc. Machinery & Equipment 250,000 Continued anticipated technology equipment purchases and upgrades for City Hall operations and infrastructure. 73 211 THIS PAGE INTENTIONALLY LEFT BLANK 212 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 Budaet 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 30,000 15,000 100% 503-0000-71060 Parks 389,952 920,000 1,420,000 553,296 500,000 (920,000) -65% 503-0000-71110 Depreciation Expense 1,203 0 0 0 1,205 1,205 0% 503-0000-71122 Depreciation Expense - C 649,081 0 0 0 600,000 600,000 0% 68 - Capital Expenses Totals: 1,045,708 935,000 1,435,000 553,296 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% 74 213 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. 75 214 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 Budaet Current Budget YTD Activity* Proposed Budget Current 25/26 in Budget 504-INSURANCEFUND 1010 - Insurance 60 - Contract Services 504-1010-60103 Professional Services 0 2,500 2,500 0 2,500 0 0% 504-1010-60320 Travel & Training 0 5,000 5,000 432 5,000 0 0% 504-1010-60351 Membership Dues 0 1,000 1,000 0 1,000 0 0% 60 - Contract Services Totals: 0 8,500 8,500 432 8,500 0 00/0 62 - Maintenance & Operations 504-1010-60420 Operating Supplies 14,788 17,500 17,500 10,694 15,000 (2,500) -14% 62 - Maintenance & Operations Totals: 14,788 17,500 17,500 10,694 15,000 (2,500) -14% 63 -Insurance 504-1010-60441 Liability Insurance 504-1010-60442 Claims 504-1010-60443 Property Insurance 504-1010-60446 Crime Insurance 504-1010-60447 Earthquake Insurance 504-1010-60452 Workers Comp Premium 63 - Insurance Totals 379,413 0 186,956 1,800 242,000 225,876 470,000 470,000 469,820 498,900 0 161,514 1,800 242,000 28,900 0 (39,100) 0 0 80,500 6% 0% -20% 0% 0% 27% 1,036,045 1,216,600 1,216,600 1,177,980 1,286,900 70,300 6% 1010 - Insurance Totals: 1,050,833 1,242,600 1,242,600 1,189,106 1,310,400 67,800 50/0 504 - INSURANCE FUND Totals: 1,050,833 1,242,600 1,242,600 1,189,106 1,310,400 67,800 50/0 76 215 CITY OF LA QUINTA INTERNAL SERVICE FUND EXPENSE NOTES FY 2026/27 PROPOSED BUDGET Fund: 504 - INSURANCE FUND 504-1010-60320 Travel & Training 504-1010-60351 504-1010-60420 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 Membership Dues 1,000 Public Agency Risk Management Association (PARMA) members Operating Supplies 15,000 Ergonomic assessments and first aid kit supplies/maintenance 77 216 DEPARTMENTAL REPORT ITEM NO.5 ta QaLfra — GEM of rA, DESERT — DESIGN &DEVELOPMENT QUARTERLY REPORT The Design and Development Department consists of three divisions: The Hub, Building, and Planning c The Hub serves as a one -stop permit center. It is the central location low ;ifor obtaining permits for planning, building, engineering, business licenses, and special events. The Hub also issues permits for garage ��� sales, home occupations, pool drains, re -roofs, and HVAC, window, water heater, and utility changeouts. THEHUB Business Licenses Issued Other Permits Issued 298 ■ 260 327 337 291 243 198 172 172 ■ 121 118 131 on 2025 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 2026 JANUARY FEBRUARY MARCH JANUARY FEBRUARY MARCH 907 804 945 868 888 735 546 Q3 19/20 Q3 20/21 Q3 21 /22 Q3 22/23 Q3 23/24 Q3 24/25 Q3 25/26 Welcome New Businesses Budget Blinds SALT Direct Care The Wellspring Church CV Golf Social Alexandrite Mens Eventscape International Escape Games La Quinta 1 /2sies, Co. Davenport Chiropractic Pinot's Palette La Quinta Gerardo Alva Chavez, LPCC Hudson Martin, PC Savers YuJun Spa Law Office of Eissa M. Villasenor 413 436 422 462 488 442 322 Q3 19/20 Q3 20/21 Q3 21 /22 Q3 22/23 Q3 23/24 Q3 24/25 Q3 25/26 Permits Processed Online/In-Person Online (87.82%) 0 In -Person (12.18%) This list is not exhaustive of all new businesses. 217 r l� Building Division The Building Division administers and issues all residential and commercial building permit applications, reviews plans (plan checks), and conducts on -site building inspections for compliance with the La Quinta Municipal Code and California Building Standards Code. PLAN CHECK AND BUILDING PERMITS Plan Check Submittals Building Permits Issued - ---r-------r-------r------------------------ --------- ---- 998 468 673 762 789 691 617 ----r------- T-------- -------- i-------- r------- r-------- --- 479 514 64870,7 680 642 566 Q3 19/20 Q3 20/21 Q3 21/22 Q3 22/23 Q3 23/24 Q3 24/25 Q3 25/26 Q3 19/20 Q3 20/21 Q3 21/22 Q3 22/23 Q3 23/24 Q3 24/25 Q3 25/26 ,INSPECTION DATA Building Inspections ----r-------r------- r------- r------- r------- r------- r--- 7,017 �41595'2,904 4,7043,310 3,083 Average Building Inspections Per Day 116 76 75 4,3 48 54 51 Q3 19/20 Q3 20/21 Q3 21 /22 Q3 22/23 Q3 23/24 Q3 24/25 Q3 25/26 Q3 19/20 Q3 20/21 Q3 21 /22 Q3 22/23 Q3 23/24 Q3 24/25 Q3 25/26 Ed FINANCIAL DATA Plan Check Fees Collected: $165,835 $209k $1$165k $173k $166k 14k $113k $140k 218 $525k $174k $���26�3k$201k$237k $287k Q3 19/20 Q3 20/21 Q3 21/22 Q3 22/23 Q3 23/24 Q3 24/25 Q3 25/26 Q3 19/20 Q3 20/21 Q3 21/22 Q3 22/23 Q3 23/24 Q3 24/25 Q3 25/26 The Planning Division administers the zoning and development standards and works with residential and commercial developers, architects, builders, and businesses to ensure that development is consistent with the City's Zoning Code and General Plan. Planning staff coordinates with the Planning Commission, whose primary function is to develop and maintain the City's General Plan, consider development applications, and serves as an advisory body to the City Council. PLANNING APPLICATIONS RECEIVED 19 9 11 6 2025 2026 2025 2026 JANUARY FEBRUARY 12 14 1 Iq 2025 2026 MARCH ------ ------- ------ ------ ------ 40------ --- ---36 i 33 ; ; 31 24 20 18 Q319/20 Q3 20/21 Q3 21/22 Q3 22/23 Q3 23/24 Q3 24/25 Q3 25/26 • Special Event Permits for the 2026 American Express Golf Tournament at PGA West and La Quinta Country Club on January 19-25, 2026. • Minor Use Permit for four 18-foot LED light poles to a sports court at 80770 Vista Bonita Trail. • Minor Adjustment for a 10% height increase to a rear yard patio cover at 59590 Segura. • Minor Use Permit for a YMCA after -school care facility at 51001 Eisenhower Drive. • Special Event Permit for the 2026 La Quinta Hot Rod and Custom Car Show at La Quinta Community Park on February 21, 2026. • Special Event Permit for a wedding and reception at 81555 Baffin Avenue on February 28, 2026. • Minor Adjustment to modify required interior garage dimensions to allow relocation of mechanical equipment at 53840 Avenida Carranza. • Special Event Permit for the Friends of the Desert Mountains Wildflower 5K at La Quinta Cove hiking trails on March 14, 2026. • Special Event Permit for a corporate event at the driving range on Pete Dye Mountain Course at 50497 Eisenhower Drive on March 21-22, 2026. • Special Event Permits for weddings and receptions at the Austin Residence (77600 Avenida Fernando) on March 28 and April 4, 2026. • Minor Adjustment to modify required front and exterior side yard setbacks at 77900 Calle Sonora. • Special Event Permit for a wedding and reception at 81345 Avenue 54 on March 28, 2026. • Recommended City Council approval of changes to the proposed Highway 111 Specific Plan and Development Code. • Recommended City Council authorization of the submittal of the General Plan and Housing Element annual progress reports for calendar year 2025. • A resolution to approve a Tentative Tract Map to allow the subdivision of 2.88 acres into five lots with residential zoning within PGA West (Hermitage). • A resolution to approve a Tentative Tract Map to allow the subdivision of 3.26 acres into nine lots with residential zoning within PGA West (Seminole). 219 La Quinta Development in Action OASIS RESIDENTIAL -.T. de" APPROVED GOLF COURSE AND SALES OFFICE y YMCA AFTER SCHOOL PROGRAM 1 CORAL MOUNTAIN CLUB r COMING SOON PHASE I RESIDENCES HIGHWAY 111 SPECIFIC PLAN AND DEVELOPMENT CODE .,r �•� . owiaa� O[V[lovMpNT COM[V1:1 wM aWm� 220 The Highway 111 Specific Plan and Development Code have been approved, which will create a new Highway 111 Mixed Use Zone covering the entire Highway 111 corridor. The new code will be effective on May 21, 2026. https://www.Iaquintaca.gov/our-city/city-departments/design-and-development/planning-division/highway-111-specific-plan REPORTS AND INFORMATIONAL ITEM NO. 23 PLANNING COMMISSION MINUTES TUESDAY, MARCH 10, 2026 CALL TO ORDER A regular meeting of the La Quinta Planning Commission (Commission) was called to order at 5:00 p.m. by Vice Chairperson Guerrero. PRESENT: Commissioners Bohlinger, Hernandez, McCune, Nieto, and Vice Chairperson Guerrero ABSENT: Commissioner Hundt and Chairperson Hassett STAFF PRESENT: Design and Development Director David Newell, Public Works Director Bryan McKinney, Planning Manager Cheri Flores, Senior Planner Scott Nespor, Associate Planner Jack Lima, Deputy City Attorney Jessica Sanders (via teleconference), and Commission Secretary Tania Flores PLEDGE OF ALLEGIANCE Commissioner Bohlinger led the audience in the Pledge of Allegiance. PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA — None CONFIRMATION OF AGENDA MOTION — A motion was made and seconded by Commissioners Nieto/Hernandez to confirm the agenda as published. Motion passed unanimously. ANNOUNCEMENTS, PRESENTATIONS, AND WRITTEN COMMUNICATIONS — None CONSENT CALENDAR — None BUSINESS SESSION 1. REVIEW GENERAL PLAN AND HOUSING ELEMENT ANNUAL PROGRESS REPORTS FOR CALENDAR YEAR 2025 AND RECOMMEND THAT CITY COUNCIL AUTHORIZE SUBMITTAL TO THE GOVERNOR'S OFFICE OF LAND USE AND CLIMATE INNOVATION AND THE CALIFORNIA DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT Planning Manager Flores presented the staff report, which is on file in the Design and Development Department. PLANNING COMMISSION MINUTES Page 1 of 6 MARCH 10, 2026 221 The Commission discussed the City's progress toward its Regional Housing Needs Allocation (RHNA) requirements through 2029, including the likelihood of meeting the remaining units and the potential consequences if they are not met. Staff noted that outcomes depend largely on developer activity and that any shortfall may be carried into the next housing cycle, with possible State implications. Commission discussion continued regarding constraints such as limited land availability and the voluntary nature of development, and confirmed that accessory dwelling units (ADUs) may count toward RHNA if they meet the affordability criteria. Staff also outlined available incentives, including California Environmental Quality Act (CEQA) streamlining through the proposed Highway 111 Specific Plan and Development Code, and State density bonus provisions, while noting the City does not provide direct financial assistance. Staff clarified that RHNA units are counted upon issuance of building permits and are subject to review by the California Department of Housing and Community Development (HCD). MOTION — A motion was made and seconded by Commissioners Bohlinger/Nieto to recommend that the City Council authorize submittal of the General Plan and Housing Element Annual Progress Reports to the Office of Climate and Land Use Innovation and State Department of Housing and Community Development, as presented. Motion passed: ayes — 5, noes — 0, absent — 2 (Hassett and Hundt), abstain — 0. STUDY SESSION — None PUBLIC HEARINGS 1. CONSIDER ADOPTING A RESOLUTION TO APPROVE TENTATIVE TRACT MAP 2024-0005 (TTM 38965), TO ALLOW THE SUBDIVISION OF 2.88 ACRES INTO FIVE (5) LOTS; CEQA: THE APPLICATION IS CONSISTENT WITH THE PGA WEST SPECIFIC PLAN (SP1983-002) ENVIRONMENTAL IMPACT REPORT AND NO FURTHER ENVIRONMENTAL REVIEW IS REQUIRED; PROJECT: PGA WEST — HERMITAGE; LOCATION: EAST SIDE OF HERMITAGE AND NORTH OF AVENUE 58; APPLICANT: HJ/CJ PARTNERSHIP DECLARATIONS OF COMMISSION PUBLIC CONTACT OR CONFLICTS: Commissioners Bohlinger, McCune, Hernandez, and Vice Chairperson Guerrero stated they had no conflict or contacts to report. COMMISSIONER NIETO SAID THAT HE WOULD RECUSE HIMSELF FROM DISCUSSION AND VOTE ON PUBLIC HEARING ITEM NOS. 1 AND 2 DUE TO A POTENTIAL CONFLICT OF INTEREST AS HIS EMPLOYER, THE ALTUM GROUP, IS A CONSULTANT OF THE APPLICANT ON THESE PROJECTS, AND LEFT THE DAIS AT 5:16 P.M. FOR THE REMAINDER OF THE MEETING. Senior Planner Nespor presented the staff report, which is on file in the Design and Development Department. PLANNING COMMISSION MINUTES Page 2 of 6 MARCH 10, 2026 222 VICE CHAIRPERSON GUERRERO DECLARED THE PUBLIC HEARING OPEN AT 5:23 P.M. PUBLIC SPEAKER: Ben Dobbs, Executive Director of PGA West (Applicant) — introduced himself and provided a brief presentation on the proposed Hermitage tract map, including background on PGA West, the long-term ownership's investment in the property, and the intent to complete buildout of the remaining residential lots consistent with the existing specific plan. Mr. Dobbs indicated the proposed map would create four home sites on five lots, with one lot to remain as a maintenance yard, and emphasized that the future homes would be single -story residences, not to be used as short-term vacation rentals (STVR), and consistent with the existing specific plan standards; and described neighborhood outreach efforts, including town hall meetings, mailed notices, and email communications to property owners and residents within a 500-foot radius from the project site. Commission Secretary Flores said two WRITTEN PUBLIC COMMENTS were received from the residents listed below, in alphabetical order, commenting on the project's potential negative impacts on views, loss of privacy, and reduction in open space, and inquiring about access, construction staging, HOA matters, design criteria, density, and STVR allowances; all comments were distributed to the Commission prior to the meeting, made public, published on the City's website, and included in the public record of this meeting: • Jennifer Carr, La Quinta (PGA West) — opposed • Mike Conley, La Quinta (Stone Creek Ranch) • Judy and Todd Schrecker, La Quinta (PGA West) • John Williams, La Quinta (PGA West) PUBLIC SPEAKER: Matthew Manfred, La Quinta (Stone Creek Ranch) — opposed to the project due to loss of mountain views, privacy impacts, proximity of future homes to existing rear yards, traffic, and operational impacts related to the reduced maintenance yard area, employee parking, and lack of neighborhood outreach to surrounding communities. PUBLIC SPEAKER: James Dunford, La Quinta (Stone Creek Ranch) — opposed to the project due to similar concerns as the speaker listed above regarding loss of views, privacy, and proximity of this development to its neighboring community, and further emphasized potential impacts associated with golf course maintenance operations, including noise, traffic, and employee activity. The Commission asked questions of the Applicant regarding the number of proposed lots and homes, notice and outreach to nearby residents, the continued operation and reduced footprint of the golf course maintenance yard, employee parking, project access and construction staging, the space behind the new homes including separate strip of land and 20-foot setback area, and the potential for additional screening along the rear property line. The Applicant explained overflow maintenance functions and stored equipment would be relocated to another yard, that the strip of land behind the new homes would not be used for parking, and future homes would be consistent with the existing neighborhood and remain subject to the approved specific plan, including restrictions on building height and PLANNING COMMISSION MINUTES Page 3 of 6 MARCH 10, 2026 223 the prohibition of STVRs. The Commission also discussed future HOA assignments and confirmed that detailed home design and landscaping would be reviewed at a later time. VICE CHAIRPERSON GUERRERO DECLARED THE PUBLIC HEARING CLOSED AT 5:49 P.M. Commission discussion continued regarding the project's consistency with the specific plan and environmental documentation and limitations on denying housing proposals absent specific findings under State law. While acknowledging neighborhood concerns regarding views and privacy, the Commission expressed consensus that the tract map was consistent with applicable standards and indicated support for the project as presented. MOTION — A motion was made and seconded by Commissioners McCune/Bohlinger to adopt Planning Commission Resolution No. 2026-001 approving Tentative Tract Map 2024- 0005 (TTM 38965) within PGA West, allowing the subdivision of a 2.88-acre site into five lots with residential zoning, and make a finding that the proposed application is consistent with the PGA West Specific Plan (SP 1983-0002) Environmental Impact Report and no further environmental review is necessary, as presented: A RESOLUTION OF THE PLANNING COMMISSION OF THE CITY OF LA QUINTA, CALIFORNIA, APPROVING TENTATIVE TRACT MAP 2024-0005 (TTM 38965) FOR THE SUBDIVISION OF 2.88 ACRES INTO FIVE LOTS AND FINDING THAT THE PROJECT IS CONSISTENT WITH THE PGA WEST ENVIRONMENTAL IMPACT REPORT (ENVIRONMENTAL ASSESSMENT 1983-009) AND REQUIRES NO FURTHER ENVIRONMENTAL REVIEW, CONSISTENT WITH CEQA GUIDELINES SECTION 15162 CASE NUMBERS: TENTATIVE TRACT MAP 2024-0005 (TTM 38965) PROJECT: PGA WEST — HERMITAGE APPLICANT: HJ/CJ PARTNERSHIP Motion passed: ayes — 4, noes — 0, absent — 3 (Hassett, Hundt, and Nieto), abstain — 0. 2. CONSIDER ADOPTING A RESOLUTION TO APPROVE TENTATIVE TRACT MAP 2024-0001 (TTM 38966) TO ALLOW THE SUBDIVISION OF 3.26 ACRES INTO NINE (9) LOTS; CEQA: THE APPLICATIONS ARE CONSISTENT WITH THE PGA WEST ADDITIONS SPECIFIC PLAN (SP 1990-017) ENVIRONMENTAL IMPACT REPORT AND NO FURTHER REVIEW IS REQUIRED; PROJECT: PGA WEST — SEMINOLE; LOCATION: EAST SIDE OF SEMINOLE AND NORTH OF AVENUE 58; APPLICANT: HJ/CJ PARTNERSHIP DECLARATIONS OF COMMISSION PUBLIC CONTACT OR CONFLICTS: Commissioners Bohlinger, McCune, Hernandez, and Vice Chairperson Guerrero stated they had no conflict or contacts to report. COMMISSIONER NIETO PREVIOUSLY RECUSED HIMSELF FROM DISCUSSION AND VOTE ON PUBLIC HEARING ITEM NOS. 1 AND 2 DUE TO A POTENTIAL CONFLICT OF INTEREST AS HIS EMPLOYER IS A CONSULTANT OF THE APPLICANT ON THESE PROJECTS AND REMAINED ABSENT FOR THE REMAINDER OF THE MEETING. PLANNING COMMISSION MINUTES Page 4 of 6 MARCH 10, 2026 224 Senior Planner Nespor presented the staff report, which is on file in the Design and Development Department. VICE CHAIRPERSON GUERRERO DECLARED THE PUBLIC HEARING OPEN AT 6:02 P.M. PUBLIC SPEAKER: Ben Dobbs, Executive Director of PGA West (Applicant) — introduced himself and provided a brief presentation including a description of the site, proposed residential development, and consistency with the specific plan, noting that future homes would comply with established standards, including height restrictions and prohibition of STVRs, and would be designed to be compatible with the surrounding neighborhood; and summarized outreach efforts, and noted feedback related to construction access, traffic, and staging may be incorporated into future development agreements. Commission Secretary Flores said WRITTEN PUBLIC COMMENTS were received from the residents listed below, in alphabetical order, opposing and commenting on the project's potential impacts on views, loss of privacy, and reduction in open space, and inquiring about access, construction, HOA matters, design criteria, density, development standards, and STVR allowances; all comments were distributed to the Commission prior to the meeting, made public, published on the City's website, and incorporated into the public record of this meeting: • Martin Brown, La Quinta (PGA West) • Jennifer Carr, La Quinta (PGA West) — opposed • Beath Mahrer, La Quinta (PGA West) • Judy and Todd Schrecker, La Quinta (PGA West) • John Williams, La Quinta (PGA West) — opposed Commission Secretary Flores noted there were no requests to speak during this public hearing. The Commission asked questions of the Applicant regarding the development of the remaining irregular parcels, site constraints, and adjacent land uses, including nearby Imperial Irrigation District (IID) property. The Applicant explained that prior ownership timelines limited development of these parcels and that current ownership is pursuing long- term buildout. VICE CHAIRPERSON GUERRERO DECLARED THE PUBLIC HEARING CLOSED AT 6:09 P.M. Commission discussion continued to include members noting the project's consistency with the specific plan and zoning, and expressed consensus in support of the infill development of underutilized parcels as presented; acknowledged community feedback and encouraged consideration of construction access and neighborhood impacts, but noted there was no legal basis to deny the project. PLANNING COMMISSION MINUTES Page 5 of 6 MARCH 10, 2026 225 MOTION — A motion was made and seconded by Vice Chairperson Guerrero/Commissioner Hernandez to adopt Planning Commission Resolution No. 2026-002 approving Tentative Tract Map 2024-0005 (TTM 38966) within PGA West Additions Specific Plan, allowing the subdivision of a 3.26-acre site into nine lots with residential zoning, and make a finding that the proposed application is consistent with the PGA West Additions Specific Plan (SP 1990- 017) Environmental Impact Report and no further environmental review is necessary, as presented: A RESOLUTION OF THE PLANNING COMMISSION OF THE CITY OF LA QUINTA, CALIFORNIA, APPROVING TENTATIVE TRACT MAP 2024-0001 (TTM 38966) AND FINDING THAT THE PROJECT IS CONSISTENT WITH THE PGA WEST ADDITIONS ENVIRONMENTAL IMPACT REPORT AND REQUIRES NO FURTHER ENVIRONMENTAL REVIEW, CONSISTENT WITH CEQA GUIDELINES SECTION 15162 CASE NUMBERS: TENTATIVE TRACT MAP 2024-0001 (TTM 38966) PROJECT: PGA WEST - SEMINOLE APPLICANT: HJ/CJ PARTNERSHIP Motion passed: ayes — 4, noes — 0, absent — 3 (Hassett, Hundt, and Nieto), abstain — 0. DEPARTMENTAL REPORT — None COMMISSIONER ITEMS — None ADJOURNMENT There being no further business, a motion was made Bohlinger/McCune to adjourn this meeting at 6:13 p.m. Motion passed: ayes — 4, noes — 0, absent — 3 (Hassett, Respectfully submitted, TANIA FLORES, Commission Secretary City of La Quinta, California PLANNING COMMISSION MINUTES Page 6 of 6 and seconded by Commissioners Hundt, Nieto), abstain — 0. MARCH 10, 2026 226 REPORTS AND INFORMATIONAL ITEM NO. 24 PLANNING COMMISSION MINUTES TUESDAY, APRIL 14, 2026 CALL TO ORDER A regular meeting of the La Quinta Planning Commission (Commission) was called to order at 5:00 p.m. by Chairperson Hassett. PRESENT: Commissioners Bohlinger, Hernandez, Hundt, McCune, and Chairperson Hassett ABSENT: Commissioners Guerrero and Nieto STAFF PRESENT: Design and Development Director David Newell, Public Works Director Bryan McKinney, Planning Manager Cheri Flores, Associate Planner Jack Lima, and Commission Secretary Tania Flores PLEDGE OF ALLEGIANCE Chairperson Hassett led the audience in the Pledge of Allegiance. PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA — None CONFIRMATION OF AGENDA MOTION — A motion was made and seconded by Commissioners Bohlinger/Hernandez to confirm the agenda as published. Motion passed unanimously. ANNOUNCEMENTS, PRESENTATIONS, AND WRITTEN COMMUNICATIONS — None CONSENT CALENDAR 1. RECEIVE AND FILE MEETING MINUTES DATED FEBRUARY 24, 2026 2. ADOPT RESOLUTION APPROVING SITE DEVELOPMENT PERMIT 2026-0002 FOR A FIRST TIME EXTENSION OF SITE DEVELOPMENT PERMIT 2023-0006 FOR THE ARCHITECTURE AND LANDSCAPING DESIGNS FOR 64 HOMES WITHIN THE ANDALUSIA COUNTRY CLUB; CEQA: THE PROJECT IS CONSISTENT WITH EA2003- 483; LOCATION: NORTHEAST CORNER OF MADISON STREET AND AVENUE 60; APPLICANT: SUNRISE LQ, LLC Chairperson Hassett invited the applicant for Consent Calendar Item No. 2 to address the Commission. PLANNING COMMISSION MINUTES Page 1 of 3 APRIL 14, 2026 227 PRESENTER: Nolan Sparks, Project Manager for Andalusia, introduced himself and provided a brief explanation for the request for an extension, which included issues with receiving power to the site from Imperial Irrigation District (IID), for which a resolution is forthcoming. MOTION — A motion was made and seconded by Commissioners McCune/Bohlinger to approve the consent calendar. Motion passed: ayes — 5, noes — 0, absent — 2 (Guerrero and Nieto), abstain — 0 BUSINESS SESSION 1. ADOPT RESOLUTION FINDING THE PROPOSED FIVE-YEAR CAPITAL IMPROVEMENT (CIP) PROGRAM (FISCAL YEARS 2026/27 THROUGH 2O30/31) IS CONSISTENT WITH THE 2035 LA QUINTA GENERAL PLAN; CEQA: THE ACTION IS NOT A PROJECT PURSUANT TO CEQA GUIDELINES SECTION 15378 (b)(5) AND IS NOT SUBJECT TO CEQA REVIEW Planning Manager Flores and Public Works Director McKinney presented the staff report, which is on file in the Design and Development Department. The Commission discussed the proposed Corporate Center Drive connection, including potential traffic impacts and possible traffic -calming measures, with staff noting the design is undetermined and will depend on the future layout of the vacant city -owned site. The Commission also discussed landscape maintenance and irrigation, confirming that the City has an in-house team, that systems would be automated and City -controlled, and for the SilverRock lake conversion, canal water would be used, and retention basins would be improved. Additional discussion included future citywide pedestrian improvements, including grant funding for planning studies for Safe Streets for All projects, which staff noted may inform future improvements; statutory requirement for the Commission to find the proposed CIP consistent with the General Plan; confirmation that Development Impact Fees (DIF) reimbursement obligations would be satisfied; and SilverRock water sources, roadway maintenance practices, and infrastructure improvements, including slurry seal and channel lining, Measure G funding and related Government Code references Sections 65103 and 65104. MOTION — A motion was made and seconded by Commissioner Bohlinger/Chairperson Hassett to adopt Planning Commission Resolution No. 2026-004, finding the proposed five- year Capital Improvement Program (fiscal years 2026/27 through 2030/31) consistent with the 2035 La Quinta General Plan and not a project pursuant to CEQA Guidelines section 15378 (b)(5), as presented. A RESOLUTION OF THE PLANNING COMMISSION OF THE CITY OF LA QUINTA, CALIFORNIA, FINDING THE PROPOSED FIVE-YEAR CAPITAL IMPROVEMENT PROGRAM (FISCAL YEARS 2026/27 THROUGH 2O30/31) CONSISTENT WITH THE 2035 LA QUINTA GENERAL PLAN AND EXEMPT FROM REVIEW UNDER THE CALIFORNIA ENVIRONMENTAL QUALITY ACT Motion passed: ayes — 5, noes — 0, absent — 2 (Guerrero and Nieto), abstain — 0. PLANNING COMMISSION MINUTES Page 2 of 3 APRIL 14, 2026 228 STUDY SESSION — None PUBLIC HEARINGS — None DEPARTMENTAL REPORT — None COMMISSIONER ITEMS Commissioner Bohlinger provided a brief summary of her recent attendance at the League of California Cities' Planning Commissioners' Academy. PUBLIC SPEAKER: Philip Bettencourt, La Quinta — requested that the Commission receive a future update on planning activity in the Vista Santa Rosa area, noting ongoing development efforts within the City's sphere of influence and surrounding jurisdictions. ADJOURNMENT There being no further business, a motion was made and Bohlinger/McCune to adjourn this meeting at 5:35 p.m. Motion passed: ayes — 5, noes — 0, absent — 2 (Guerrero and Respectfully submitted, LA - -- TANIA FLORES, Commission Secretary City of La Quinta, California PLANNING COMMISSION MINUTES Page 3 of 3 seconded by Commissioners Nieto), abstain — 0. APRIL 14, 2026 229 WRITTEN PUBLIC COMMENTS CITY COUNCIL MEETING MAY 1952026 CITY COUNCIL MEETING - MAY 19, 2026 - WRITTEN PUBLIC COMMENTS BY RESIDENT MORGAN MURMO PUBLIC COMMENTS ON MATTERS NOT ON THE AGENDA - REQUESTING PEDESTRIAN CROSSWALK IMPROVEMENT AT THE AVENUE 52 & AVENIDA BERMUDAS ROUNDABOUT LEADING TO FRITZ BURNS PARK From: morgan myrmo <morganmyrmo@yahoo.com> Sent: Thursday, May 14, 2026 12:57 PM To: City Clerk Mail Subject: Written Comments: Morgan Myrmo, La Quinta - Fritz Burns Park Pedestrian Safety Attachments: La Quinta City Council letter_2026_5_14.pdf; Screenshot 2026-05-14 123241.jpeg Dear City Clerk, Please find attached my formal written public comment and supporting diagram regarding pedestrian safety at the Avenue 52 and Avenida Bermudas roundabout ahead of the Fritz Burns Park reopening on June 3, 2026. I request that these materials be distributed to the Mayor and City Council members and incorporated into the official public record for the upcoming meeting. Submitter Information: • Full Name: Morgan Myrmo • City of Residence: La Quinta, CA • Subject Matter: Pedestrian safety and traffic -calming measures at Fritz Burns Park [1] Thank you, Morgan Myrmo The content of this email is confidential and intended for the recipient specified in message only. It is strictly forbidden to share any part of this message with any third party, without a written consent of the sender. IMPORTANT NOTICE: Never trust wiring instructions sent via email. Cyber criminals are hacking email accounts and sending emails with fake wiring instructions. These emails are convincing and sophisticated. Always independently confirm wiring instructions in person or via a telephone call to a trusted and verified phone number. May 14, 2026 Dear Mayor and City Council Members, I am writing as a resident regarding pedestrian safety ahead of the Fritz Burns Park reopening on June 3, 2026. The city has done an excellent job creating the Avenue 52 and Avenida Bermudas roundabout, but this corridor remains a known speeding zone and serves as a primary access route into the Cove. Once the updated pool, new splash pad, and dog park open, pedestrian traffic from families with young children will surge. I respectfully urge the City to install raised crosswalks at all four entry points of the roundabout, along with gradual speed bumps on each approach (noting these are already southbound on Avenida Bermudas). I also suggest installing flashing lights on the Cove/South side of Calle Sinaloa and Avenue 52 when crossing Avenida Bermudas. Furthermore, particular attention must be given to the slip lane from northbound Avenida Bermudas to eastbound Avenue 52. This is the most dangerous section of the intersection. Because vehicles bypass the roundabout entirely here, they carry significant speed directly through the pedestrian crossing. A speed bump prior to the slip lane entrance and raised crosswalks in this lane are critical (please see attached photo). Currently, there are Rectangular Rapid Flashing Beacons (RRFBs) only on the east crosswalk connecting the overflow lot to the park. While these flashing lights are helpful visual alerts, they do not physically force speeding vehicles to slow down. Also, they only cover the 2nd crosswalk inside the slip lane, and the 1st crosswalk remains exposed. I believe RRFBs should be added to the southern crosswalk here, located in the slip lane danger zone, prior to the park's grand reopening. Families living in the Cove will likely use this path as they navigate from Calle Sinaloa to the park, or when parking near the Calle Sinaloa and Avenida Bermudas intersection —an area you will no doubt be hearing about from nearby residents sooner than later. In short, this is set up to be THE premiere La Quinta family recreation area, notjust a major traffic corridor. Implementing these physical safety measures before the grand opening will protect our residents and visitors alike. Thank you for your consideration and continued investment in our community. Sincerely, Morgan Myrmo La Quinta, CA • • e . a • a � • • S '► I A •� • HAND OUTS CITY COUNCIL MEETING MAY 199 2026 CITY COUNCIL MEETING -MAY 19, 2026 - HAND-OUT BY SUNLINE TRANSIT AGENCY PRESENTOR CEO/GENERAL MANAGER MONA BABUTA ANNOUNCEMENTS. PRESENTATIONS. AND WRITTEN COMMUNICATIONS ITEM NO. 5 SffflIIfl9 TRANSIT R6fNGY Dear Coachella Valley Residents and Visitors: The Coachella Valley is growing rapidly, and transportation needs are constantly evolving. Whether commuting to work, getting to school, accessing essential services, or connecting with our community, SunLine endeavors to maximize reliable mobility options for all Coachella Valley citizens. SunLine Transit Agency has launched SunLine: Rides Reimagined to better understand how you travel throughout the Coachella Valley and what mobility options would best serve you and your neighbors. Your input will directly shape the future of public transportation in our region. Whether you ride SunLine daily, occasionally, rarely, or not at all, your perspective is essential to ensuring we design services that truly meet our community's needs. Please complete this survey using one of the following options: • Return it to a SunLine staff member if one is available at your location • Complete it online at SunLine.org/rides-reimagined • Mail it to: SunLine Transit Agency, Attn: Planning Department, 32505 Harry Oliver Trail, Thousand Palms, CA 92276 • Deliver it in person at 32505 Harry Oliver Trail, Thousand Palms Your responses will be kept confidential and used in summary form only. Asa thank you, you'll be entered for a chance to win a $100 gift card. Thank you for taking a few minutes to help shape the future of public transportation in the Coachella Valley. Together We Move Forward - Your Voice Leads the Way. SunLine: Rides Reimagined Phase 2 Together We Move Forward - Community Survey Your Voice Leads the Way. Introduction Please look at the two conceptual network designs on the next page and let us know what you think. Your feedback will help us design a final network plan that incorporates elements from both concepts and improves service to the Coachella Valley. Your input truly makes a difference! Completing this survey will give you the chance of winning a $100 gift card. 1. Which network concept is best for you? ❑ I strongly prefer the Coverage service concept, with more areas covered but less frequent services. ❑ 1 lean towards the Coverage service concept. ❑ I'm halfway in between. ❑ 1 lean towards the Ridership service concept. ❑ I strongly prefer the Ridership service concept, with high frequencies but no service in areas with few people. 2. Which network concept do you think is best for the community? ❑ I strongly prefer the Coverage service concept, with more areas covered but less frequent services. ❑ I lean towards the Coverage service concept. ❑ I'm halfway in between. ❑ I lean towards the Ridership service concept. ❑ 1 strongly prefer the Ridership service concept, with high frequencies but no service in areas with few people 3. What ideas do you like in the Coverage Service Concept? SunLine: Phase 2 r Rides Reimagined Together We Move Forward - Community Survey Your Voice Leads the Way. 4. What ideas do you dislike in the Coverage Service Concept? 5. What ideas do you like in the Ridership Service Concept? 6. What ideas do you dislike in the Ridership Service Concept? 7. Where do you live? ❑ Bermuda Dunes ❑ Indian Wells ❑ Palm Desert ❑ Cathedral City ❑ Indio ❑ Palm Springs ❑ Coachella ❑ La Quinta ❑ Rancho Mirage ❑ Desert Edge ❑ Mecca ❑ Thermal ❑ Desert Hot ❑ North Shore ❑ Thousand Palms Springs ❑ Oasis ❑ Other place not listed SunLine: Rides Reimagined Together We Move Forward - Your Voice Leads the Way: Phase 2 Community Survey __...�� suesas: Flied ROute Suvice SueRlae: Micravansit Service -71 6..,- mood SunDlal: Paratransit Service Taxi 8. In the last month, how often did you use the following services? I have not ridden in 1-5 days (about More than 5 days (2 or the past month once per week) more times per week) SunBus ❑ ❑ ❑ SunRide ❑ ❑ ❑ SunDial ❑ ❑ Taxi ❑ ❑ ❑ 9. What is your age? ❑ Under 18 ❑ 45-64 ❑ 18-24 ❑ 64 and over ❑ 25-44 ❑ Prefer not to answer sunLine: Rides Reimagined Together We Move Forward - Your Voice Leads the Way. 10. What is your gender? ❑ Male ❑ Female Phase 2 Community Survey ❑ Other ❑ Prefer not to answer 11. Which ethnic or racial group do you identify yourself with? Choose all that apply: ❑ African American/Black ❑ Hispanic/Latino ❑ Asian/Asian American ❑ Caucasian/White ❑ Native American ❑ Prefer not to answer 12. What is your household income? Please choose only one of the following: ❑ Less than $25,000 ❑ $75,000 - $99,999 ❑ $25,000 - $49,999 ❑ $100,000 or more ❑ $50,000 - $74,999 ❑ Prefer not to answer Many thanks for completing this survey. If you want to be entered in the drawing to be randomly selected for a $100 gift card, please provide your contact information below, so that we can follow up with you in case of winning. CONTACT INFORMATION FOR GIFT CARD DRAWING Name: Email: Phone #: s9filifte TRANSIT AGENCY Estimados residentes y visitantes del Valle de Coachella: El Valle de Coachella esta creciendo rapidamente y Las necesidades de transporte estan en constante evolucion. Ya sea para it al trabajo, a la escuela, acceder a servicios esenciales o conectarse con nuestra comunidad, SunLine se esfuerza por maximizer Las opciones de movilidad confiable para todos Los ciudadanos del Valle. SunLine Transit Agency ha lanzado SunLine: Rides Reimagined para comprender mejor como viaja por todo el Valle de Coachella y que opciones de movilidad le servirian mejor a usted y a sus vecinos. Su opinion influenciara directamente elfuturo del transporte publico en nuestra region. Ya sea que viaje con SunLine diariamente, ocasionalmente, rara vez o nunca, su perspectiva es esencial para asegurar que disenemos servicios que realmente satisfagan Las necesidades de nuestra comunidad. Por favor complete esta encuesta usando una de Las siguientes opciones: • Devuelvala a un miembro del personal de SunLine si hay uno disponible en su ubicacion • Completela en Linea en SunLine.org/rides-reimagined • Enviela por correo a: SunLine Transit Agency, Attn: Planning Department, 32505 Harry Oliver Trail, Thousand Palms, CA 92276 • Entreguela en persona en 32505 Harry Oliver Trail, Thousand Palms Sus respuestas se mantendran confidenciales y se utilizaran solo en forma resumida. Como agradecimiento, sera incluido en un sorteo para ganar una tarjeta de regalo de $100. Gracias por dedicar unos minutos para contribuir at futuro del transporte publico en el Valle de Coachella. Juntos Avanzamos —Tu Voz Marca el Camino. SunLine: Rides Reimagined Juntos Avanzamos - Tu Voz Marca el Camino Introduction Fase 2 Encuesta Comunitaria Por favor, revise Los dos disenos conceptuales de red en la siguiente pagina y comparte to opinion. Tus comentarios nos ayudaran a disenar un plan final de red que incorpore elementos de ambos conceptos y mejore el servicio en el Valle de Coachella. iTu participacion realmente marca la diferencia! Completa esta encuesta para la oportunidad de ganar una tarjeta de regalo de $100. 1. ZCual red conceptual es mejor para ti? ❑ Prefiero firmemente la Red de Alta Cobertura, con mas areas cubiertas pero servicios menos frecuentes. ❑ Me inclino por la Red de Alta Cobertura. ❑ Estoy a medio camino entre ambas. ❑ Me inclino por la Red de Alta Demanda ❑ Prefiero firmemente la Red de Alta Demanda, con altas frecuencias pero sin servicio en areas con poca poblacion. 2. ZCual red conceptual crees que es mejor para la comunidad? ❑ Prefiero firmemente la Red de Alta Cobertura, con mas areas cubiertas pero servicios menos frecuentes. ❑ Me inclino por la Red de Alta Cobertura. ❑ Estoy a medio camino entre ambas. ❑ Me inclino por la Red de Alta Demanda. ❑ Prefiero firmemente la Red de Alta Demanda, con altas frecuencias pero sin servicio en areas con poca poblacion. 3. ZQue ideas de la Red Conceptual de Alta Cobertura to gustan? sunLine: Fase 2 Rides Reimagined 'u tos VozMAvanzamos aellCa- Encuesta Comunitaria Tu Voz Marca el Camino 4. ZQue ideas de la Red Conceptual de Alta Cobertura no to gustan? 5. ZQue ideas de la Red Conceptual de Alta Demanda to gustan? 6. ZQue ideas de la Red Conceptual de Alta Demanda no to gustan? 7. ZEn donde vive? ❑ Bermuda Dunes ❑ Indian Wells ❑ Palm Desert ❑ Cathedral City ❑ Indio ❑ Palm Springs ❑ Coachella ❑ La Quinta ❑ Rancho Mirage ❑ Desert Edge ❑ Mecca ❑ Thermal ❑ Desert Hot ❑ North Shore ❑ Thousand Palms Springs ❑ Oasis ❑ Otro Lugar SunLine: Rides Reimagined Juntos Avanzamos - Tu Voz Marca el Camino Fase 2 Encuesta Comunitaria SuaSus:Serviclo convencionatde autobuses 400 Sunolal: Servicio para personas con discapacidad SunNids. Servicio do iransporta po'biico en draas de haje dernanda Taxi 8. En el ultimo mes, zcon que frecuencia utilizaste los siguientes servicios? No he viajado en 1-5 dias (como Mas de 5 dias (2 o mas el ultimo mes. una vez por veces a la semana) semana SunBus ❑ ❑ ❑ SunRide ❑ ❑ ❑ SunDial ❑ ❑ ❑ Taxi ❑ ❑ ❑ 9. ZCual es to edad? ❑ Menor 18 ❑ 25-44 10. ,ECual es su genero? ❑ Mujer ❑ Hombre ❑ 45-64 ❑ 64 o mayor ❑ Prefiero no responder ❑ Otro ❑ Prefiero no responder POWER POINTS CITY COUNCIL MEETING MAY 193 2026 - w,%, City Council Regular Meeting May 19, 2026 _ .4f MCA moo et - •�._ � � :.�. a ....r �. �- t r� City Council Regular Meeting May 19, 2026 PUBLIC COMMENT - MATTERS NOT ON THE AGENDA 0 }y.CA 5 20 w City Council Regular Meeting May 19, 2026 CLOSED SESSION IN PROGRESS Iry CALIFORNIA :46Z Amm City Council Regular Meeting May 19, 2026 PUBLIC COMMENT - MATTERS NOT ON THE AGENDA k�} t CA _ - r _ ..� ' _ .ram % 3 r .��- City Council Meeting May 5, 2026 P1 — SilverRock Development Project Status Update City Council Meeting May 5, 2026 P2 — Proclamation Recognizing the 57t" Annual Professional Municipal Clerks Week r (AL L LF" AMA `� ram. r� _ City Council Meeting May 19, 2026 P3 - Proclamation to Congratulate Golf Journalist Larry Bohannan on his Retirement from The Desert Sun • i� ! a1 . � 4 City Council Meeting May 5, 2026 P4 - Presentation on College of the Deserts Landscaping Certification Program by Partnership and Community Education Director, Veronica Izurieta a IL -W"" May 19, 2026 11 MISSION Provide Workforce Training for Landscapers in the Coachella Valley • Reduce dust emissions to improve air quality CVAG 12 0 May 19, 2026 Major Air Pollution Problems in the Coachella Valley Emissions from stationary and mobile sources to the west, when carried by summer winds to the Coachella Valle, are largely responsible for summertime smog in this desert area Particulate matter (PM10 and PM 2.6) is the pollutant of greatestzoncern 13 LANDSCAPING CERTIFICATION TRAINING 14 7 May 19, 2026 15 The Landscaping Certification Training is for landscaper license applicants that are applying for a new business license or for applicants renewing their license. The training certification is good for one year. 16 C VAG This is to certify that Veronica Izurieta College of the Desert Successfully completed the CVAG Overseeding Certification course Awarded on. 11 /28/2017 L"3W.J Air Quality Plan History ..a.ar.� Tne Cur - grin' Ot 1"0 COW— a Valley State Implemental Pion IMP) - t"t Duet CemrO. Preps. 1992 1993 Dug COr111Gi OrG—nce• 1994 • CVSIP - Clean Street Management P,og— t996 1996 • PM10 attainment rearalp nation 1997 1992 ®COLLEGE , .DESE.RT CVAG's Energy and Environmental Resources Committee Members include an elected official from each city in the Coachella Valley Mission: to do more for air quality Development of model ordinance recommended to address needs for landscape -related businesses to learn about its Reseeding Alternative Approved by CVAG Executive Committee July 2007 Distributed to all desert cities Adopted by 8 of 9 cities r4MCOLLEGE ,dDESERT May 19, 2026 LANDSCAPING CERTIFICATION TRAINING nm.i II .sane, wa,rea otsiAtci Landscape Certification Program I.— NC EBUM.", Lre QuasaxaTior ctwzs 19 Landscape Canift,.uo, P-jr— Introduction The Coachella Valley contines to grow and place increasing demands on its water supply resources. We live in a desert that receives 3.66' of effective rainfall per year. but reausres about 72" per year of applied irrigation water to grow healthy, attractive turf grass. The best way to save water and reduce your I water bill is to take advantage of CVIVD's Desert Landscapng Program and convert all or Dart of your landscape to desert-lnendly, - low water -use plants. for those of you wnhmg to maintain turf grass within a landscape, the intent of this class is to help improve water use efficiency in Irrigating turf grass In the Coachella Valley.-� sit" . ._ 16.1 20 ors � 10 May 19, 2026 LANDSCAPING CERTIFICATION TRAINING / a CV G overseeding Certification Training 21 'Ul Partnership and community EducatirnA 22 FREE Landscapers take the training at no cost FAST Takes approximately 30 to 60 minutes to complete each session BILINGUAL Is offered in both English and Spanish CONVENIENT Can be accessed from any computer: home, office, laptop, library, or PaCE PaCE zATE Water Conservation Certification Training Computer lab and login assistance available through Partnership and Community Education (PaCE), located in the Palm Desert Mall wf ('01.L1"(51: rKA,h!DESERT 72840 Highway 111, Suite C-101 Palm Desert, CA 92260 760.776.7420 11 May 19, 2026 Before After 23 24 Together We Can Make a Difference! Support the training program and work with CVAG and College of the Desert PaCE to ✓Share information with Landscaper applicants ✓Stress the importance of the training ✓Refer individuals to PaCE if they need assistance For your contribution to clean air and water conversation! 12 City Council Meeting -19 May 5, 2026 P5 - Presentation by Sunline Transit Agency CEO/General Manager, Mona Babauta on Agency's Rides Reimagined Project - Phase 2 3:- .w vovR � I cE �• , A- SKINE TONSP HUNCY ��" Existing Community I Network Conditions Engagement Alternatives Pl a;=1 MAY4- 21 Existing Community Conditions Engagement We are learning We are starting to talk from the existing to the public and learn transit service and from their needs and the transit market. experiences. Community Draft Plan Engagement ph.r;,. UNE 28, Network Alternatives Develop two contrasting network concepts — one prioritizing ridership and � the other coverage. , Community 1 Final Plan Engagement rc,c 3 Community Engagement Talk to the public and gather feedback on their preference for ridership or coverage. A May 19, 2026 29 Phase 1 Community Survey December 10, 2025 — March 11, 2026 Q 1,930 responses Q Questions about mobility needs, travel patterns, and service priorities Help identify the community's preference for frequency (ridership) or coverage. •S,unl�ne Key Survey Findings Sun[ioe Service Usage o Transfers vs. Directness 0 44 have not used any of prefer a shorter trip with a 59% SunLine's services in the 58% transfer over a longer, direct M past month. trip with no transfer. Frequency vs. Distance A The Ridership -Coverage Split Cprefer a longer walk to a more The Valley is evenly split in 4% frequent service over a shorter its transit priorities — 43% walk to a less frequent service. ridership, 43% coverage. 30 15 May 19, 2026 Should SunLine's Network Prioritize... Strongly prefer ridership M Prefer ridership Halway in between M Prefer coverage M StrongFy prefer coverage 25', 1 91+6 1 sm 1 19% 1 34`5 fly ==7 #28% 19% 11% 16% 22`b 18% tt�i. 21% 22 S 14% 13% 16% 29 ..notnew Em 29% 1 44% 1 14% 1 16"1 1 27'., 75% ion", Northwest: Desert Hot Springs, Desert Edge West: Palm Springs, Cathedral City, Central: Palm Desert, Rancho Mirage, Indian Wells, Thousand Palms East: Bermuda Dunes, La Quinta, Indio, Southeast: Coachella, Thermal, Mecca, Oasis, North Shore 31 Where Do We Go From Here? NetworkRidership & Phase 1 StakehoLder Design Coverage Workshop Networks Phase 2 Focus Present two conceptual versions of SunLine's network - built using existing resources ($50.5 million annual budget) • Show the trade-offs between prioritizing ridership or coverage Q Gather community feedback to guide the direction of the Draft Final Plan 32 Sun[me 16 May 19, 2026 � .a'•-� ' � ,�.: _ �' to + ,r'%'c� t m x M■ N PIL M. 7Y � ,.Orr,f Asleep CL IEll '-- NINE ■ i E _ j - to A#oil A$l1[I 17 May 19, 2026 35 Phase 2 Engagement a *Survey — Online and Paper *Mobile Pop -Ups *Community Based Organization Hosted Discussions *City and Community Council Meetings Suniffle 36 SunLine urrrrr ronsr 18 Follow the progress of Rides Reimagined: https://www.sunline.org/rides-reimagined rides-reimagined@sunline.org i magined@sunline.org ta Qa CALIFORNIA L City Council Meeting May 19, 2026 C4 Pulled and Moved to 131 - Approve Agreement with Yiftee, Inc. for Economic Development Subsidy for FY 26127 1 R M 5/20 e• Yiftee, Inc. • Data -driven platform that specializes in Community Gift Cards that can be spent anywhere in the City with participating retail and restaurant merchants. • Yiftee acts as a digital "buy local" engine where every dollar is guaranteed to be spent at a local brick and mortar establishment. May 19, 2026 41 Connecting Communities & Small Businesses Yiftee facilitates local spending and boosts economic growth without extra fees or equipment Local & national partners: iAasteicard ChambersotCommerce City Govemments Downtowns, Main streets Free to set up & operate: the Lommumty Lards program is free for organizers and merchants. Yiftee generates revenue from an eDel.very fee attached to the purchase of cards, which allows us to cover processing fees, too' 42 21 May 19, 2026 Simple to Purchase and Use Card is sent to recipient's Merchant processes the card by Al AW Merchant is paid the sarne day email inbox manual POS system entry. Card balance Ilop right) updates live! ,/�/� 9999 9999 9999 D999 ®� � 01l19 999 D8025 O O O O CiVI'ON CA81 01 03 Consumer/company Cardholder brings their digital or - ., purchases a Community printed card to any participating Card online from your local merchant custom -branded webpage 43 The Entire Community Benefits Economic health of the community via — increased revenue and foot traffic for local K A shop and restaurants . �\ Keeps local dollars local Gives gift card buyer: a local option vs national brands and ecommerce 51% of cardholders try new merchants Cardholders get reminam to spend, and typically spend 30% more than card value 44 AQ.-.Q.,-- © Community engagement: Greats y'iol corporauons, urnverwties,&Large businesses to reward their employees and contrlfate to thew community with the same dollars ©An experience w/choices: Cards can be spent at any number at paruulrattng merchants. allowing cardholders many dwices to experience your coanmuraty as they wish ©Community spirit: Easily Integrated with local everts. Cards tosW town prde arsd enthusiasm for sheppng local Convenience & safety: © and ca be are manages. Senate. and can tx easily managed from a Smartphone 22 CALIFORNIA 11 City Council Meeting May 19, 2026 S1- Discuss the Fiscal Year 2026/27 Preliminary Proposed Budget \1 IFOR\IA BUDGET OVERVIEW ➢ Focus on General Fund and Internal Service Funds ➢ Revenues & Expenses ■ Changes from FY 25/26 ■ Discuss assumptions and major variances ➢ Measure G Summary May 19, 2026 49 ity Council 347 700 347.703 373 560 25 860 ity Manager Department 2.008 900 2.175,566 2.169 220 (6 346 arketlrg 8 Community Relations i.975.740 1,990,740 2,277.330 286 590 ity Attcmey I.100,000 1.100.000 1.200 000 100 000 um an Resources 881.900 881.900 959.050 77 150 t) C'erk Department 1 658 070 1.658.370 1.714 870 56 800 once 21 692 000 21,762.000 23 387 800 1,625 800 re 11.656 212 12,056,212 12 606 297 550 085 ommundy Sermces Admimstraton 578.000 578.000 545 440 132 560 felness Center operations 731 150 731,150 813 570 82 420 screational Programs 8 Events 2.475.600 2,475,600 2.502.860 27260 ode Corr p,iance'Anlmal Control I.973.740 1,973,740 1.999.650 25.910 ublic Safety Administration 385.014 385,014 347 855 137 159 arksMairierance 4.731.650 4.731.650 5,123.250 391600 ublic Buildings 2.045.357 2,045,357 2.263 170 217813 ublic WorksAdministratior 865.900 865,900 816490 149410 ublic Works Deveiopment Services 552.700 572.700 718.950 146 250 treets Department- Tratlic 1 190 750 1 190.750 1 154 140 136 610 ngireering Services 1.359.700 1.359.700 1.357.160 (2 540 esign 8 Deo,elopment Administration 734 300 734.300 755.940 21 640 lanning 1.592-800 1.592,800 1.745 160 152 360 Wding 1,610.100 1.610.100 1,600.420 19.680 ne Mub 1 419 650 1 419 650 1 385 940 133 710 nance 2.368 900 2.368 900 2.266J80 1102 120 50 25 May 19, 2026 51 City Manager's ($6,346) Department Marketing & $286,590 Community Relations City Clerk Department $56,800 Police $1,625,800 Fire $550,085 52 Professional Services- addition of Economic Development consultant, transfer/reallocation of staffing Transfer position, increase in promotional items and sponsorships, increased TOT re: VGPS payment Estimated costs for 2026 Elections services Salary & Benefits- estimated 8% rate increase Salary & Benefits- estimated 9% rate increase 26 May 19, 2026 53 54 27 Internal Service Funds mm. INTERNAL SERVICE FUNDS SUMMARY Current Proposed Fund FY 25/26 FY 26/27 Variance 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 General Fund Summary GENERAL FUND FY 2026/27 PROPOSED BUDGET SUMMARY BUDGET SURPLUS $ 51,265 MEASURE G SALES TAX SUMMARY Measure G Sales I ax Revenue $ 16,000,UUU Police Services (4,000,000) Ca ital Imgrovernents (14,000,000 Available• Appropriation $ (2111 111 FY 2026/27 Budget Schedule • May 19 — City Council, Study Session #1 • June 2 — City Council, Study Session #2 • June 10 — Financial Advisory Commissij • June 10 —Housing Commission • June 16 — City Council, Adoption For the latest budget information visit: www.laquintaca.gov/business/finance/budget Discussion & Questions 54 CAI 1H)RNIA