City Council/SA

LEGISLATIVE BODY RICHARD J. LOA, MAYOR LAURA BETTENCOURT, MAYOR PRO TEM AUSTIN BISHOP, COUNCILMEMBER ERIC OHLSEN, COUNCILMEMBER ANDREA ALARCÓN, COUNCILMEMBER 1. CALL MEETING TO ORDER Note: All City Council memberships are reflected in their City Council titles. 2. ROLL CALL MAYOR LOA, MAYOR PRO TEM BETTENCOURT, COUNCILMEMBERS BISHOP, OHLSEN, ALARCÓN 3. PLEDGE OF ALLEGIANCE AND MOMENT OF SILENCE 4. PRESENTATIONS 4.1 Commendation to Robert Tapia in honor of his retirement from the City of Palmdale. CITY COUNCIL SUCCESSOR AGENCY CITY COUNCIL CHAMBER 38300 SIERRA HIGHWAY SUITE B PALMDALE, CA 93550 TUESDAY, JULY 1, 2025 5:00 PM www.cityofpalmdaleca.gov WELCOME City Council Tuesday, July 1, 2025 1

5. PUBLIC COMMENTS The public is allotted to speak a total of three (3) minutes on each section of the agenda i.e. Consent Calendar, Appointment-New Business, and Closed Session. As specified in the Brown Act, a speaker utilizing a translator will receive twice the amount of time specified. Any person who would like to address the Legislative Body on any agendized item may complete a speaker card for the City Clerk and identify the agenda item you would like to discuss. 6. CONSENT CALENDAR All matters listed under the Consent Calendar will be enacted by one motion unless an item(s) is pulled by Council, in which case the item(s) will be removed from the Consent Calendar and will be considered separately following this portion of the Agenda. 6.1 Waive full reading of the Resolution(s) and/or Ordinance(s) to be considered and voted on at this meeting. (This allows for reading the title only in lieu of reciting the entire text). 6.2 Receive and file the Monthly Investment Activity Reports for May 2025. SR Monthly Investment Reports May 2025.docx Rpt. Monthly Investment Reports May 2025.pdf 6.3 Approve the third amendment to agreement with Eide Bailly, LLP. for financial auditing services for an additional $142,347, and a not to exceed amount of $1,159,128, for the remainder of the five-year term, through June 30, 2028. SR Agrmt No. A-8300 with Eide Bailly LLP.docx Agrmt No. A-8300 Third Amendment to Agreement with Eide Bailly, LLP.pdf Agrmt No. A-8300 Second Amendment to Ageement with Eide Bailly, LLP.pdf Agmt No. A-8300 First Amendment to Eide Bailly, LLP.pdf Agrmt No. A-8300 Original Agreement with Eide Bailly, LLP.pdf 6.4 Approve agreement with Advantage Mailing LLC for the printing, binding, and bundling of the Palmdale magazine, for a not to exceed amount of $360,000, for a three-year term with the option to extend two additional one-year terms. SR Agrmt No. A-9272 with Advantage Mailing LLC.docx Agrmt No. A-9272 with Advantage Mailing LLC.pdf 6.5 Adopt Resolution No. CC 2025-051, a Resolution of the City Council of City of Palmdale recommending City Council modify the Planning Commission's meeting time to 6:00 pm beginning on August 14, 2025. SR Reso. No. CC 2025-051.docx Reso. No. CC 2025-051.docx Reso. No. PC 2025-013.pdf Reso. No. CC 2025-019.pdf City Council Tuesday, July 1, 2025 2

Reso. No. PC 2025-004.pdf Reso. No. CC 2009-093.pdf 6.6 Approve Community Workforce Agreement (CWA) by and between the City of Palmdale and Los Angeles/Orange Counties Building and Construction Trades Council and the Signatory Craft Councils and Local Unions. SR Agrmt No. A-9406 CWA.docx Agrmt No. A-9406 Successor CWA.pdf 6.7 Award and approve agreement with Deark E&C, Inc. for construction services for PN 887, Marie Kerr Park Best of The West Concession Stand Project for a total not to exceed amount of $560,995 for a term of 45 working days from the date of the Notice to Proceed. SR Agrmt No. A-9273 with Deark E&C Inc.docx Agrmt No. A-9273 with Deark E&C, Inc.pdf Project Photo.pptx 6.8 Approve Requisition with Walsma Oil Company, Inc. for bulk diesel and unleaded fuel in an amount not to exceed $650,000 for Fiscal Year 2025-26. SR Req. No. 260000 with Walsma Oil Company Inc.docx Req. No. 260000 with Walsma Oil Company, Inc.pdf 6.9 Approve change orders to increase purchase orders with Wilbur-Ellis Company and SiteOne Landscape Supply for fertilizer and irrigation and water conservation supplies by a combined $334,488 for a revised total amount not to exceed $821,988 for Fiscal Year 2024-25. SR Approve Purchase Order Increases for Fertilizer and Irrigation Supplies.docx Purchase Order No. 20250173 with Wilbur-Ellis Company.pdf Purchase Order No. 20250174 with SiteOne Landscape Supply.pdf Purchase Order No. 20250175 with SiteOne Landscape Supply.pdf 6.10 Approve the minutes from the previous meeting. Mins 06 17 2025.pdf 7. APPOINTMENTS 7.1 Approve Planning Commission Reappointments for Districts 2 and 5. SR PC Reappointments 2025.docx 8. PUBLIC HEARING 8.1 Introduction and adoption of Ordinance No. 1657, an Ordinance of the City Council of the City of Palmdale approving amendments to Chapter 9.40 of the Palmdale Municipal Code (PMC). SR Ord. No. 1657.docx City Council Tuesday, July 1, 2025 3

Ord. No. 1657.docx 8.2 Adopt Resolution No. CC 2025-029, a Resolution of the City Council of the City of Palmdale approving the Engineer’s Report and the continuation of the levy and collection of assessments for Fiscal Year 2025-26 for the City of Palmdale Drainage Benefit Assessment Districts No. 1 and No. 2006-02. SR Reso. No. CC 2025-029.docx Reso. No. CC 2025-029.docx Rpt Fiscal Year 2025-26 Engineer's Report Drainage Benefit Assessment Districts.pdf 8.3 Adopt Resolution No. CC 2025-030, a Resolution of the City Council of the City of Palmdale approving the Engineer’s Reports and the continuation of the levy and collection of assessments for Fiscal Year 2025-26 for the City of Palmdale Landscape Maintenance Assessment Districts and Annexations, Park Maintenance and Recreation Improvement District, and Streetlight Maintenance Assessment Districts and Annexations. SR Reso. No. CC 2025-030.docx Reso. No. CC 2025-030.docx Rpt Fiscal Year 2025-26 Final Combined Engineer's Report, Landscape Maintenance Assessment District and Annexations.pdf Rpt Fiscal Year 2025-26 Engineer's Report, Park Maintenance and Recreation Improvement District.pdf Rpt Fiscal Year 2025-26 Engineer's Report, Streetlight Maintenance Assessment District and Annexations.pdf 8.4 Adopt Resolution No. CC 2025-031, a Resolution of the City Council of the City of Palmdale updating the Sewer Collection Service Charge and ordering the continuation of the charge for the operation and maintenance of the Palmdale Sewer Collection System for Fiscal Year 2025-26. SR Reso. No. CC 2025-031.docx Reso. No. CC 2025-031.docx Rpt Fiscal Year 2025-26 Sewer Collection Service Charge Report.pdf 9. CITY MANAGER’S REPORT 10. LOS ANGELES COUNTY FIRE DEPARTMENT REPORT 11. NON-AGENDA PUBLIC COMMENTS Now is the time for public participation on items not listed on the agenda. Each speaker is allotted three (3) minutes total. 12. COUNCIL REPORTS, ANNOUNCEMENTS AND REQUESTS FOR FUTURE AGENDA ITEMS City Council Tuesday, July 1, 2025 4

13. PRESENTATION BY CITY ATTORNEY 13.1 CONFERENCE WITH LEGAL COUNSEL—ANTICIPATED LITIGATION Initiation of litigation pursuant to paragraph (4) of subdivision (d) of Section 54956.9: (1 case) 14. ANNOUNCEMENT BY CITY ATTORNEY 15. ADJOURN meeting to July 15, 2025, at 5:00 p.m. in the City Hall Council Chamber located at 38300 Sierra Highway, Suite B, Palmdale, California. Americans with Disabilities Act (ADA) Accommodations In accordance with the Americans with Disabilities Act of 1990, if you require a disability- related modification or accommodation to participate in this meeting, please contact the City Clerk’s Office at (661) 267-5151 at least 48 hours prior to the meeting. If you require oral translation, please contact the City Clerk’s Office at (661) 267-5151 at least 48 hours prior to the meeting. City Council Tuesday, July 1, 2025 5

LEGISLATIVE BODY RICHARD J. LOA, MAYOR LAURA BETTENCOURT, MAYOR PRO TEM AUSTIN BISHOP, COUNCILMEMBER ERIC OHLSEN, COUNCILMEMBER ANDREA ALARCÓN, COUNCILMEMBER 1. CALL MEETING TO ORDER Note: All City Council memberships are reflected in their City Council titles. 2. ROLL CALL MAYOR LOA, MAYOR PRO TEM BETTENCOURT, COUNCILMEMBERS BISHOP, OHLSEN, ALARCÓN 3. PLEDGE OF ALLEGIANCE AND MOMENT OF SILENCE 4. PRESENTATIONS 4.1 Commendation to Robert Tapia in honor of his retirement from the City of Palmdale. CITY COUNCIL SUCCESSOR AGENCY CITY COUNCIL CHAMBER 38300 SIERRA HIGHWAY SUITE B PALMDALE, CA 93550 TUESDAY, JULY 1, 2025 5:00 PM www.cityofpalmdaleca.gov WELCOME City Council Tuesday, July 1, 2025

5. PUBLIC COMMENTS The public is allotted to speak a total of three (3) minutes on each section of the agenda i.e. Consent Calendar, Appointment-New Business, and Closed Session. As specified in the Brown Act, a speaker utilizing a translator will receive twice the amount of time specified. Any person who would like to address the Legislative Body on any agendized item may complete a speaker card for the City Clerk and identify the agenda item you would like to discuss. 6. CONSENT CALENDAR All matters listed under the Consent Calendar will be enacted by one motion unless an item(s) is pulled by Council, in which case the item(s) will be removed from the Consent Calendar and will be considered separately following this portion of the Agenda. 6.1 Waive full reading of the Resolution(s) and/or Ordinance(s) to be considered and voted on at this meeting. (This allows for reading the title only in lieu of reciting the entire text). 6.2 Receive and file the Monthly Investment Activity Reports for May 2025. SR Monthly Investment Reports May 2025.docx Rpt. Monthly Investment Reports May 2025.pdf 6.3 Approve the third amendment to agreement with Eide Bailly, LLP. for financial auditing services for an additional $142,347, and a not to exceed amount of $1,159,128, for the remainder of the five-year term, through June 30, 2028. SR Agrmt No. A-8300 with Eide Bailly LLP.docx Agrmt No. A-8300 Third Amendment to Agreement with Eide Bailly, LLP.pdf Agrmt No. A-8300 Second Amendment to Ageement with Eide Bailly, LLP.pdf Agmt No. A-8300 First Amendment to Eide Bailly, LLP.pdf Agrmt No. A-8300 Original Agreement with Eide Bailly, LLP.pdf 6.4 Approve agreement with Advantage Mailing LLC for the printing, binding, and bundling of the Palmdale magazine, for a not to exceed amount of $360,000, for a three-year term with the option to extend two additional one-year terms. SR Agrmt No. A-9272 with Advantage Mailing LLC.docx Agrmt No. A-9272 with Advantage Mailing LLC.pdf 6.5 Adopt Resolution No. CC 2025-051, a Resolution of the City Council of City of Palmdale recommending City Council modify the Planning Commission's meeting time to 6:00 pm beginning on August 14, 2025. SR Reso. No. CC 2025-051.docx Reso. No. CC 2025-051.docx Reso. No. PC 2025-013.pdf Reso. No. CC 2025-019.pdf City Council Tuesday, July 1, 2025

Reso. No. PC 2025-004.pdf Reso. No. CC 2009-093.pdf 6.6 Approve Community Workforce Agreement (CWA) by and between the City of Palmdale and Los Angeles/Orange Counties Building and Construction Trades Council and the Signatory Craft Councils and Local Unions. SR Agrmt No. A-9406 CWA.docx Agrmt No. A-9406 Successor CWA.pdf 6.7 Award and approve agreement with Deark E&C, Inc. for construction services for PN 887, Marie Kerr Park Best of The West Concession Stand Project for a total not to exceed amount of $560,995 for a term of 45 working days from the date of the Notice to Proceed. SR Agrmt No. A-9273 with Deark E&C Inc.docx Agrmt No. A-9273 with Deark E&C, Inc.pdf Project Photo.pptx 6.8 Approve Requisition with Walsma Oil Company, Inc. for bulk diesel and unleaded fuel in an amount not to exceed $650,000 for Fiscal Year 2025-26. SR Req. No. 260000 with Walsma Oil Company Inc.docx Req. No. 260000 with Walsma Oil Company, Inc.pdf 6.9 Approve change orders to increase purchase orders with Wilbur-Ellis Company and SiteOne Landscape Supply for fertilizer and irrigation and water conservation supplies by a combined $334,488 for a revised total amount not to exceed $821,988 for Fiscal Year 2024-25. SR Approve Purchase Order Increases for Fertilizer and Irrigation Supplies.docx Purchase Order No. 20250173 with Wilbur-Ellis Company.pdf Purchase Order No. 20250174 with SiteOne Landscape Supply.pdf Purchase Order No. 20250175 with SiteOne Landscape Supply.pdf 6.10 Approve the minutes from the previous meeting. Mins 06 17 2025.pdf 7. APPOINTMENTS 7.1 Approve Planning Commission Reappointments for Districts 2 and 5. SR PC Reappointments 2025.docx 8. PUBLIC HEARING 8.1 Introduction and adoption of Ordinance No. 1657, an Ordinance of the City Council of the City of Palmdale approving amendments to Chapter 9.40 of the Palmdale Municipal Code (PMC). SR Ord. No. 1657.docx City Council Tuesday, July 1, 2025

Ord. No. 1657.docx 8.2 Adopt Resolution No. CC 2025-029, a Resolution of the City Council of the City of Palmdale approving the Engineer’s Report and the continuation of the levy and collection of assessments for Fiscal Year 2025-26 for the City of Palmdale Drainage Benefit Assessment Districts No. 1 and No. 2006-02. SR Reso. No. CC 2025-029.docx Reso. No. CC 2025-029.docx Rpt Fiscal Year 2025-26 Engineer's Report Drainage Benefit Assessment Districts.pdf 8.3 Adopt Resolution No. CC 2025-030, a Resolution of the City Council of the City of Palmdale approving the Engineer’s Reports and the continuation of the levy and collection of assessments for Fiscal Year 2025-26 for the City of Palmdale Landscape Maintenance Assessment Districts and Annexations, Park Maintenance and Recreation Improvement District, and Streetlight Maintenance Assessment Districts and Annexations. SR Reso. No. CC 2025-030.docx Reso. No. CC 2025-030.docx Rpt Fiscal Year 2025-26 Final Combined Engineer's Report, Landscape Maintenance Assessment District and Annexations.pdf Rpt Fiscal Year 2025-26 Engineer's Report, Park Maintenance and Recreation Improvement District.pdf Rpt Fiscal Year 2025-26 Engineer's Report, Streetlight Maintenance Assessment District and Annexations.pdf 8.4 Adopt Resolution No. CC 2025-031, a Resolution of the City Council of the City of Palmdale updating the Sewer Collection Service Charge and ordering the continuation of the charge for the operation and maintenance of the Palmdale Sewer Collection System for Fiscal Year 2025-26. SR Reso. No. CC 2025-031.docx Reso. No. CC 2025-031.docx Rpt Fiscal Year 2025-26 Sewer Collection Service Charge Report.pdf 9. CITY MANAGER’S REPORT 10. LOS ANGELES COUNTY FIRE DEPARTMENT REPORT 11. NON-AGENDA PUBLIC COMMENTS Now is the time for public participation on items not listed on the agenda. Each speaker is allotted three (3) minutes total. 12. COUNCIL REPORTS, ANNOUNCEMENTS AND REQUESTS FOR FUTURE AGENDA ITEMS City Council Tuesday, July 1, 2025

13. PRESENTATION BY CITY ATTORNEY 13.1 CONFERENCE WITH LEGAL COUNSEL—ANTICIPATED LITIGATION Initiation of litigation pursuant to paragraph (4) of subdivision (d) of Section 54956.9: (1 case) 14. ANNOUNCEMENT BY CITY ATTORNEY 15. ADJOURN meeting to July 15, 2025, at 5:00 p.m. in the City Hall Council Chamber located at 38300 Sierra Highway, Suite B, Palmdale, California. Americans with Disabilities Act (ADA) Accommodations In accordance with the Americans with Disabilities Act of 1990, if you require a disability- related modification or accommodation to participate in this meeting, please contact the City Clerk’s Office at (661) 267-5151 at least 48 hours prior to the meeting. If you require oral translation, please contact the City Clerk’s Office at (661) 267-5151 at least 48 hours prior to the meeting. City Council Tuesday, July 1, 2025

City Council Staff Report DATE: JULY 1, 2025 TO: HONORABLE MAYOR AND CITY COUNCIL FROM: OPERATIONS DEPARTMENT FINANCE DIVISION DISTRICT: ALL SUBJECT: RECEIVE AND FILE THE MONTHLY INVESTMENT ACTIVITY REPORTS FOR MAY 2025 RECOMMENDATION Staff recommend that the City Council: Receive and file the May 2025 monthly investment activity reports for the City of Palmdale and Successor Agency. BACKGROUND Pursuant to Section 16 of the City and Successor Agency Investment Policy, the City Treasurer shall prepare and present monthly reports on investments to the City Manager/Executive Director and the City Council/Directors. The reports shall detail the type of investment, issuer’s name, purchase date, maturity date, amount of deposit, and interest rate. This information shall be provided for all City and Successor Agency pooled investments and for Certificates of Participation, Revenue Bonds, Tax Allocation Bonds, Assessment Districts, and Community Facilities District accounts managed by outside Fiscal Agents. The monthly investment reports provide a synopsis of the City and Successor Agency’s investment activity. They provide information on assets, allocations, average maturities, yields, and book valuations. The interest rates presented are the most current rates available as of the date of this report. The market values presented for pooled City and Successor Agency investments are based on closing prices for the related investment as of the date of this report. This information was obtained from the Wall Street Journal, Bloomberg Financial Markets, Capital Market Finances, or other reliable sources of market prices.

Report to Mayor and City Council Re: Monthly Investment Reports July 1, 2025 Page 2 DISCUSSION Compliance with Investment Policy For May, the City’s invested portfolio totaled $319,860,394, an increase of $97,441 from the previous month and a decrease of $19,296,479 compared to the prior year. The monthly increase was the result of earned interest that occurred during the month. The par value of Successor Agency’s portfolio as of May was $9,702,544. The balance decreased by $25,986 from the prior month due to operating expenses during the month. All investments meet criteria appropriate to Section 8 of the Investment Policy. The portfolios are based on a combination of various investments, including CDs, Corporate Notes, US Treasury Securities, and Government Agency Paper, each adhering to portfolio percentage limitations. The Finance Division is the custodian for the City and Successor Agency’s investment portfolio and follows the three main principles of both entities’ investment policies: 1) Investment in financial instruments that mitigate the risk of monetary losses stemming from market fluctuations; 2) Establish and maintain a portfolio that has sufficient liquidity to allow the City and Successor Agency to meet all anticipated cash requirements; and, 3) Seek out investment instruments that provide a competitive market rate of return. Liquidity One core approach the Finance Division focuses on is providing liquidity to meet the City and Successor Agency’s operational requirements. Thus, the City invests in two pooled funds, Local Agency Investment Fund (LAIF) and the California Asset Management Program (CAMP). These are intended for daily operational activities and can be used during economic uncertainties for ongoing operating and maintenance needs. The pooled funds provide a higher liquidity ratio to ensure the City and Successor Agency meet cash flow requirements. The City’s LAIF balance at the end of May was $111,218,218, no changes from prior month. The Successor Agency’s LAIF balance at the end of May was $3,899,819, no changes from prior month. The City’s CAMP balance at the end of May was $52,756,073 compared to $52,558,460 in April. The increase is due to interest earned during the month.

Report to Mayor and City Council Re: Monthly Investment Reports July 1, 2025 Page 3 The interest rates presented are the most current rates available as of the date of this report. As of May 31, 2025, the interest rates for LAIF and CAMP investments were at 4.272 percent and 4.45 percent, respectively. By comparison, the LAIF and CAMP interest rates at the end of April were 4.281 percent and 4.45 percent. This time last year, LAIF and CAMP rates were at 4.332 percent and 5.43, respectively. The chart above shows the LAIF and CAMP average monthly yields from August 2024 through May 2025. The difference between the two funds’ performance is primarily due to their varying pool characteristics. CAMP’s portfolio composition is more prone to market volatility, resulting in performance variations. Diversity The Finance Division aims to diversify the investment portfolios to avoid incurring unreasonable and avoidable risks regarding specific security types or individual financial institutions. The City and Successor Agency’s investment portfolios remain strongly diversified. The monthly reports include all investments held by both entities and current book values as of May 31, 2025. The City and Successor Agency are expected to have sufficient funds to meet their expenditure requirements for the next six months. The Finance Division will continue to monitor current economic conditions and the impact on interest rates. Attached are summaries of the investments in the City and Successor Agency’s books as of May 31, 2025. 4.58% 4.58% 4.52% 4.48% 4.43% 4.37% 4.33% 4.31% 4.28% 4.27% 5.41% 5.29% 5.03% 4.87% 4.73% 4.55% 4.51% 4.47% 4.45% 4.42% 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% Aug Q1 Sep Oct Nov Q2 Dec Jan Feb Q3 Mar Apr May Pooled Investments Monthly Yields LAIF CAMP

Report to Mayor and City Council Re: Monthly Investment Reports July 1, 2025 Page 4 FISCAL IMPACT $0; There is no fiscal impact associated with the recommended actions for this report. STRATEGIC PLAN Goal II: Ensure long-term fiscal health of the City and maintain funding for services. B. Manage resources, costs, and liabilities to ensure the City’s long-term fiscal health. C. Involve and expand engagement to enhance public oversight and transparency. Prepared by: Janelle Samson, Director of Operations Certified as to availability of Funds: Janelle Samson, Director of Operations Approved by: Salvador Mendez, City Manager Pro Tem Approved as to form: Alexandra Halfman, Acting City Attorney ATTACHMENTS Rpt. Monthly Investment Reports May 2025

CITY OF PALMDALE TREASURER'S REPORT OF INVESTMENTS MAY 31, 2025 PURCHASE MATURITY ACCOUNT/ INTEREST PAR PURCHASE INVESTED DATE DATE FUND INSTITUTION RATE AMOUNT AMOUNT AMOUNT U.S. TREASURY SECURITIES Yield 03-19-21 12-31-25 CITY 9128285T3 U.S. Treasury Note 2.63 3,000,000.00 3,260,634.36 2,902,140.00 05-11-21 02-28-26 CITY 9128286F2 U.S. Treasury Note 0.66 3,000,000.00 3,261,331.50 2,888,310.00 07-12-21 12-31-25 CITY 9128285T3 U.S. Treasury Note 2.63 5,000,000.00 5,451,958.35 4,836,900.00 03-08-23 03-31-26 CITY 9128286L9 U.S. Treasury Note 2.25 3,200,000.00 3,029,330.80 3,064,000.00 01-03-24 12-31-26 CITY 912828YX2 U.S. Treasury Note 0.04 5,000,000.00 4,696,880.23 4,666,600.00 01-03-24 06-30-27 CITY 91282CEW7 U.S. Treasury Note 0.04 5,000,000.00 4,897,630.28 4,825,200.00 01-03-24 09-30-27 CITY 91282CFM8 U.S. Treasury Note 0.04 2,500,000.00 2,523,771.66 2,472,450.00 01-08-24 02-15-26 CITY 91282CGL9 U.S. Treasury Note 0.04 5,000,000.00 4,987,205.23 4,932,250.00 01-08-24 06-15-26 CITY 91282CHH7 U.S. Treasury Note 0.04 5,000,000.00 5,001,760.94 4,942,800.00 12-18-24 09-30-29 CITY 91282CFL0 U.S. Treasury Note 0.39 5,000,000.00 4,977,094.45 4,977,094.45 12-18-24 10-31-29 CITY 91282CFT3 U.S. Treasury Note 0.40 5,000,000.00 4,988,321.47 4,988,321.47 12-18-24 11-30-29 CITY 91282CFY2 U.S. Treasury Note 0.39 5,000,000.00 4,942,086.29 4,942,086.29 01-02-25 12-31-29 CITY 91282CGB1 U.S. Treasury Note 0.39 3,000,000.00 2,949,835.02 2,949,192.75 TOTAL U.S. TREASURY SECURITIES 54,700,000.00$ 54,967,840.58$ 53,387,344.96$ GOVERNMENT AGENCY PAPER 06-10-20 06-16-25 CITY 3133ELK37 Federal Farm Credit 0.78 5,000,000.00 5,000,000.00 4,781,500.00 05-11-21 09-04-25 CITY 3133EJYM5 Federal Farm Credit 0.59 1,000,000.00 1,103,275.25 976,880.00 05-11-21 09-04-25 CITY 3133EJYM5 Federal Farm Credit 0.57 2,000,000.00 2,208,460.00 1,953,760.00 06-04-21 11-07-25 CITY 3135G06G3 Fannie Mae 0.55 3,000,000.00 2,993,675.25 2,826,750.00 06-30-21 12-30-25 CITY 3130AMRQ7 Federal Home Loan Note 0.88 3,000,000.00 3,000,000.00 2,821,947.30 07-29-21 04-29-26 CITY 3130AN5C0 Federal Home Loan Note 1.05 4,000,000.00 4,010,455.13 3,734,320.00 12-17-21 11-12-25 CITY 3134GXBM5 Federal Home Loan Note 1.15 1,150,000.00 1,125,785.50 1,082,265.00 12-17-21 06-23-25 CITY 3133ENHW3 Federal Farm Credit 1.17 10,000,000.00 10,000,000.00 9,595,310.20 12-20-21 07-30-25 CITY 3136G4ZP1 Fannie Mae 0.65 3,500,000.00 3,444,175.00 3,339,331.94 12-20-21 09-24-25 CITY 3134GWUG9 Freddie Mac 0.57 10,000,000.00 9,806,600.00 9,459,892.40 12-21-21 12-22-26 CITY 3133ENJC5 Federal Farm Credit 1.29 5,000,000.00 5,000,000.00 4,589,481.35 06-29-22 08-12-25 CITY 3133EL3P7 Federal Farm Credit 3.34 1,810,000.00 1,660,349.20 1,722,111.58 06-24-22 02-26-27 CITY 3130AL5A8 Federal Home Loan Note 3.33 5,000,000.00 4,479,000.00 4,533,218.00 08-17-22 10-27-26 CITY 3134GW4C7 Freddie Mac 0.80 5,000,000.00 4,539,500.00 4,562,202.10 01-06-23 02-25-27 CITY 3130AQRH8 Federal Home Loan Note 4.38 5,000,000.00 4,590,638.89 4,670,265.65 01-06-23 04-19-27 CITY 3130ARHJ3 Federal Home Loan Note 4.38 5,000,000.00 4,801,354.86 4,801,570.80 05-18-23 05-18-27 CITY 3133EPKC8 Federal Farm Credit 5.39 5,000,000.00 5,000,000.00 4,991,602.80 06-05-23 05-30-28 CITY 3133EPLE3 Federal Farm Credit 4.67 2,815,000.00 2,822,746.50 2,790,565.80 05-03-24 05-01-28 CITY 3133ERCX7 Federal Farm Credit 5.17 5,000,000.00 5,000,000.00 5,000,777.50 08-08-24 08-14-29 CITY 3134HADY6 Freddie Mac Domestic 4.00 4,000,000.00 3,946,000.00 3,946,000.00 12-03-24 12-04-29 CITY 3130B3XP3 Federal Home Loan 4.50 1,000,000.00 1,000,000.00 1,000,000.00 12-04-24 12-02-27 CITY 3133ERE23 Federal Farm Credit 4.32 1,000,000.00 1,000,000.00 1,000,000.00 01-27-25 07-27-27 CITY 3130B4RC7 Federal Home Loan Bank 4.50 3,000,000.00 3,000,000.00 3,000,000.00 01-28-25 07-21-27 CITY 3130B4QA27 Federal Home Loan Bank 4.55 3,000,000.00 3,000,000.00 3,000,000.00 TOTAL GOVERNMENT AGENCY PAPER 94,275,000.00$ 92,532,015.58$ 90,179,752.42$ CITY OF PALMDALE INVESTMENTS

CITY OF PALMDALE TREASURER'S REPORT OF INVESTMENTS MAY 31, 2025 PURCHASE MATURITY ACCOUNT/ INTEREST PAR PURCHASE INVESTED DATE DATE FUND INSTITUTION RATE AMOUNT AMOUNT AMOUNT CERTIFICATES OF DEPOSIT 01-04-24 06-15-26 CITY 05580A4Y7 BMW Bank of NA 4.03 240,000.00 243,434.40 238,848.00 01-04-24 11-30-27 CITY 46656MVH1 JPMorgan Chase Bank 4.76 240,000.00 242,022.91 240,415.20 01-04-24 12-28-28 CITY 09582YAV4 Blue Ridge Bank 4.09 240,000.00 240,948.00 234,677.60 06-11-24 06-12-28 CITY 59541KCV7 Mid-Missouri Bank 5.15 245,000.00 245,034.57 243,510.50 06-11-24 06-11-26 CITY 38150VUZ0 Goldman Sachs Bank 5.05 245,000.00 245,033.90 245,615.57 06-13-24 06-13-29 CITY 89235MPP0 Toyota Financial SGS 4.65 245,000.00 245,000.00 246,281.17 06-14-24 06-15-26 CITY 34520LBC6 Forbright Bank 5.05 245,000.00 245,000.00 245,699.42 06-14-24 06-14-28 CITY 307811KA6 Farmers & Merchs Bank 5.00 245,000.00 245,000.00 242,169.22 06-14-24 06-14-29 CITY 69503PAB7 Pacific Valley Bank 5.20 245,000.00 245,000.00 243,313.18 06-17-24 06-17-26 CITY 8562855V9 State Bank of India 5.10 245,000.00 245,000.00 245,875.30 06-18-24 06-18-29 CITY 229083AA8 Evangeline Bank & Trust 5.30 245,000.00 245,000.00 245,000.16 06-20-24 06-22-26 CITY 06051XER9 Bank of America NA 5.05 245,000.00 245,000.00 245,737.44 06-21-24 06-22-26 CITY 35634MAE1 Freedom Bank/Maywood NJ 5.05 245,000.00 245,000.00 245,737.72 06-25-24 06-25-29 CITY 09776DAG9 BOM Bank 5.35 245,000.00 245,000.00 245,000.11 TOTAL CERTIFICATES OF DEPOSIT 3,415,000.00$ 3,421,473.78$ 3,407,880.59$ 05-17-23 03-01-26 CITY 30231GAT9 Exxon Mobile Corporation 3.04 1,000,000.00 982,084.11 967,125.82 05-17-23 03-02-26 CITY 194162AQ6 Colgate-Palmolive 4.80 1,000,000.00 1,035,553.33 997,703.43 05-17-23 01-26-26 CITY 742718FY0 Procter & Gamble 4.10 1,000,000.00 1,018,471.67 987,387.46 01-04-24 07-27-26 CITY 61761J3R8 Morgan Stanley 4.70 500,000.00 481,185.25 478,020.00 01-04-24 06-15-26 CITY 46625HRS1 JPMorgan Chase & CO 4.52 500,000.00 484,840.25 481,325.00 01-04-24 03-02-28 CITY 718172CE7 Philip Morris Intl Inc 4.49 500,000.00 474,395.25 466,815.00 01-04-24 04-01-27 CITY 808513BW4 Charles Schaw Corp 4.68 500,000.00 479,390.25 477,190.00 01-09-24 06-02-26 CITY 11271LAA0 Brookfield Fin Inc 5.13 500,000.00 490,115.25 489,610.00 01-09-24 11-28-28 CITY 05565QDH8 BP Capital Markets PLC 4.48 500,000.00 483,460.25 475,490.00 01-09-24 01-28-26 CITY 06406RAQ0 Bank OF NY Mellon Corp 4.52 500,000.00 463,355.25 466,490.00 01-09-24 07-09-27 CITY 22550L2K6 Crdit Suisse New York 4.92 500,000.00 500,910.25 495,950.00 01-09-24 08-15-28 CITY 797440CE2 San Diego G & E 4.49 500,000.00 509,340.25 497,940.00 01-09-24 07-01-27 CITY 75973QAA5 Reneissance Financial 5.01 500,000.00 475,470.25 473,980.00 01-09-24 01-27-26 CITY 780082AD5 Royal Bank of Canada 4.97 500,000.00 496,930.25 492,915.00 08-27-24 02-01-29 CITY 06406RBN6 Bank of NY Mellon Corp 4.20 656,000.00 663,116.29 663,116.29 TOTAL CORPORATE BONDS $9,156,000 $9,038,618 8,911,058.00$ STATE OF CALIFORNIA LOCAL AGENCY INVESTMENT FUND 09-01-84 n/a CITY 98-19-620 0.78 57,004,603.30 57,004,603.30 57,004,603.30 9-19-2024 n/a PFA 40-19-078 36,500,000.00 36,500,000.00 39,313,382.47 9-28-2021 n/a ARPA 19-19-004 0.78 14,900,232.58 14,900,232.58 14,900,232.58 TOTAL LAIF ACCOUNTS 108,404,835.88$ 108,404,835.88$ 111,218,218.35$ CAMP- CALIFORNIA ASSET MANAGEMENT PROGRAM 6080-01 n/a CITY 6080-01 0.30 52,756,073.10 52,756,073.10 52,756,073.10 TOTAL CAMP ACCOUNTS 52,756,073.10$ 52,756,073.10$ 52,756,073.10$ UBS FINANCIAL SERVICES n/a n/a CITY 0.00 66.08 66.08 66.08 TOTAL UBS FINANCIAL SERVICES ACCOUNTS 66.08$ 66.08$ 66.08$ TOTAL CITY INVESTMENTS 322,706,975.06$ 321,120,923.15$ 319,860,393.50$

CITY OF PALMDALE TREASURER'S REPORT OF INVESTMENTS MAY 31, 2025 PURCHASE MATURITY ACCOUNT/ INTEREST PAR PURCHASE INVESTED DATE DATE FUND INSTITUTION RATE AMOUNT AMOUNT AMOUNT STATE OF CALIFORNIA LOCAL AGENCY INVESTMENT FUND 11-20-84 n/a LIBRARY 16-19-012 0.78 13,926.84 TOTAL LIBRARY INVESTMENTS 13,926.84$ SIERRA GATEWAY COMMUNITY FACILITIES DISTRICT 91-1 Fiscal Agent: U.S. Bank National Association (fka First Trust) 05-10-95 n/a BOND 95421220 0.35 120.21 05-10-95 n/a IMPROVEMENT 95421222 0.10 174,701.11 TOTAL SIERRA GATEWAY COMMUNITY FACILITIES DISTRICT 91-1 174,821.32$ BOND PROCEEDS RITTER RANCH COMMUNITY FACILITIES DISTRICT 93-1 Fiscal Agent: U.S. Bank National Association (fka First Trust) 04-06-95 n/a RESERVE-SEN 95420880 n/a 13.86 04-06-95 n/a IMPV-ACQUI 95420884 0.01 2,907,907.64 04-06-95 n/a BOND 95420887 0.15 0.15 TOTAL RITTER RANCH COMMUNITY FACILITIES DISTRICT 93-1 2,907,921.65$ BOND PROCEEDS ANAVERDE COMMUNITY FACILITIES DISTRICT 2003-1 Fiscal Agent: U.S. Bank National Association (fka First Trust) 08-01-19 n/a SP TAX - B BOND 242969000 0.00 74.41 08-01-19 n/a RESERVE 242969003 0.00 722,956.72 08-01-19 n/a SP TAX - REFNDING BOND 242969004 0.01 15,151.55 TOTAL ANAVERDE COMMUNITY FACILITIES DISTRICT 2003-1 738,182.68$ BOND PROCEEDS 2005 $7.2M COMMUNITY FACILITIES DISTRICT 05-1 (TRADE AND COMMERCE CENTER) REFUNDED 2021 Fiscal Agent: U.S. Bank National Association (fka First Trust) n/a SPEC TRB SER A/B 251009000 0.01 343,658.64 n/a RESERVE FUND 251009001 0.01 645,043.71 TOTAL 2005 $7.2M COMMUNITY FACILITIES DISTRICT 05-1 (TRADE AND COMMERCE CENTER) REFUNDED 2021 988,702.35$ LIBRARY INVESTMENTS FISCAL AGENT CASH

CITY OF PALMDALE TREASURER'S REPORT OF INVESTMENTS MAY 31, 2025 PURCHASE MATURITY ACCOUNT/ INTEREST PAR PURCHASE INVESTED DATE DATE FUND INSTITUTION RATE AMOUNT AMOUNT AMOUNT BOND PROCEEDS 2006-1 GODDE HILL ESTATE SEWER IMPROVEMENTS LOIB Fiscal Agent: U.S. Bank National Association (fka First Trust) 11-08-06 n/a REDEMPTION FUND 106844000 0.01 102,815.31 11-08-06 n/a ADM EXP 106844002 0.01 1,797.69 11-08-06 n/a RESERVE FUND 106844003 0.01 86,852.33 TOTAL 2006-1