Investment Advisory Committee

City of Orange Investment Advisory Committee October 22, 2025 MINUTES - FINAL The Investment Advisory Committee of the City of Orange, California convened on Wednesday, October 22, 2025, at 5:30 p.m. in the Weimer Room, 300 E Chapman Avenue, Orange, California. 1. OPENING/CALL TO ORDER Vice Chair Madrigal called the meeting to order at 5:30 p.m. 1.1 PLEDGE OF ALLEGIANCE Led by City Treasurer Garrett Smith 1.2 ROLL CALL Present: Madrigal, Paul Mittmann, Jordan Prell, and Adam Carr Absent: Mark Mittmann 2. PUBLIC COMMENTS None. 3. NEW BUSINESS 3.1. Investment Portfolio Update for July, August, and September 2025 City Treasurer Garrett Smith reviewed fluctuations in the market. He then invited Karl Meng, Portfolio Strategist of Chandler Asset Management, to present a background of the company. The Committee received and filed the report. 4. CITY TREASURER ORAL REPORT None. 5. ADJOURNMENT Page 1 of 2

Investment Advisory Committee Minutes - Final October 22, 2025 There being no further business, the meeting was adjourned at 6:36 p.m. The next Regular Investment Advisory Committee meeting will be held on Wednesday, January 28, 2026 at 5:30 p.m. in the Weimer Room, 300 E. Chapman Ave., Orange, CA 92866. /s/ Garrett Smith ____________________ Garrett Smith City Treasurer Page 2 of 2

Trang Nguyen Finance Director Garrett Smith City Treasurer Sofia So Executive Assistant MARK MITTMAN Chair RICHARD MADRIGAL Vice Chair PAUL MITTMANN Committee Member JORDAN PRELL Committee Member ADAM CARR Committee Member VACANT Committee Member VACANT Committee Member AGENDA Investment Advisory Committee October 22, 2025 5:30 PM Regular Session Weimer Room 300 E. Chapman Avenue Orange, CA 92866 Welcome to the Investment Advisory Committee Meeting. Regular meetings of the City of Orange Investment Advisory Committee are held on the fourth Wednesday of January, April, July, and October at 5:30 p.m. Welcome to the Investment Advisory Committee Meeting. Regular meetings of the City of Orange Investment Advisory Committee are held on the fourth Wednesday of January, April, July, and October at 5:30 p.m. Agenda Information The agenda contains a brief general description of each item to be considered. Written materials relating to an item on the agenda that are provided to the Investment Advisory Committee (IAC) after agenda packet distribution and within 72 hours before it is to consider the item will be made available for public inspection in the City Clerk ’s Office located at 300 E. Chapman Avenue, Orange, during normal business hours; at the IAC meeting; and made available on the City's website. Public Participation Pursuant to Government Code Section 54954.3, members of the public may address the Investment Advisory Committee on any agenda items or matters within the jurisdiction of the governing body by using any of the following methods: 1) In-Person To speak on an item on the agenda, complete a speaker ’s card indicating your name and address, and identifying the agenda item number or subject matter you wish to address. The card should be given to staff prior to the start of the meeting. General comments are made during the “Public Comments” section on the agenda. Public comments are limited to three (3) minutes per speaker, unless a different time limit is announced. 2) Written Public Comments Members of the public can submit their written comments electronically for the Committee's consideration by using the eComment feature on the Agenda page of the City's website at www .cityoforange.org. To ensure distribution to the Committee prior to consideration of the agenda, we encourage the public to submit written comments by 11:00 a.m. the day of the meeting. All written comments will be provided to the Committee Members for consideration and posted on the City’s website after the meeting. Please contact the City Clerk’s Office at (714) 744-5500 with any questions. Page 1 of 3

Investment Advisory Committee Agenda October 22, 2025 ADA Requirements: In compliance with the Americans with Disabilities Act, if you need accommodations to participate in this meeting, contact the Finance Department at (714) 744-2230. Notification at least 48 hours in advance of meeting will enable the City to make arrangements to assure accessibility to this meeting. Page 2 of 3

Investment Advisory Committee Agenda October 22, 2025 1. OPENING/CALL TO ORDER 1.1 PLEDGE OF ALLEGIANCE Chair Mark Mittman 1.2 ROLL CALL 2. PUBLIC COMMENTS Opportunity for members of the public to address the Investment Advisory Committee on matters not listed on the agenda which are within the subject matter jurisdiction of the Committee, provided that NO action may be taken on off-agenda items unless authorized by law. Public Comments are limited to three (3) minutes per speaker. 3. NEW BUSINESS 3.1. Investment Portfolio Update for July, August, and September 2025 Receive and file. Recommended Action: Staff Report Chandler Monthly Investment Report July 2025 Chandler Monthly Investment Report August 2025 Chandler Monthly Investment Report September 2025 Chandler Investment Report for the Period Ending September 30, 2025 Attachments: 4. CITY TREASURER ORAL REPORT 5. ADJOURNMENT The next Regular meeting will be held on Wednesday, January 28, 2026 at 5:30 p.m. in the Weimer Room, 300 E. Chapman Ave., Orange, CA 92866. I, Sofia So, Executive Assistant for the City of Orange, hereby declare, under penalty of perjury, that a full and correct copy of this agenda was posted pursuant to Government Code Section 54950 et. seq., at the following locations: Orange Civic Center kiosk and Orange City Clerk's Office at 300 E. Chapman Avenue, Orange Main Public Library at 407 E. Chapman Avenue, and uploaded to the City's website www.cityoforange.org. Date posted: October 17, 2025 Page 3 of 3