City Council/SA

LEGISLATIVE BODY LAURA BETTENCOURT, MAYOR PRO TEM AUSTIN BISHOP, COUNCILMEMBER RICHARD J. LOA, 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 PRO TEM BETTENCOURT, COUNCILMEMBERS BISHOP, LOA, OHLSEN, ALARCÓN 3. PLEDGE OF ALLEGIANCE AND MOMENT OF SILENCE 4. PRESENTATIONS 4.1 Recognition of Lockheed Martin’s 70th Anniversary of the U-2 program. 4.2 Public Safety Department Update. CITY COUNCIL SUCCESSOR AGENCY CITY COUNCIL CHAMBER 38300 SIERRA HIGHWAY SUITE B PALMDALE, CA 93550 TUESDAY, AUGUST 5, 2025 5:00 PM www.cityofpalmdaleca.gov WELCOME City Council Tuesday, August 5, 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 and Quarterly Investment Activity Reports for June 2025. SR Monthly Investment Report June 2025.docx Rpt. Monthly and Quarterly Investment Reports June 2025.pdf 6.3 Approve Agreement with Datalink Networks, Inc. for a total not to exceed amount of $992,224, including a 15% contingency, for continued Microsoft 365 licensing. SR Agrmt No. A-9393 with Datalink Networks, Inc.docx Agrmt No. A-9393.pdf Cooperative Agrmt No. R200803 (Omnia).pdf 6.4 Adopt Resolution No. CC 2025-058, a Resolution of the City Council of the City of Palmdale authorizing the City Manager's signature authority of up to $300,000 per transaction for the purchase of performers or entertainment services and repealing Resolution No. CC 2023-058. SR Signature Authority.docx Reso. No. CC 2025-058 Signature Authority.docx 6.5 Adopt Resolution No. CC 2025-060, a Resolution of the City Council of the City of Palmdale appointing Ken Pulskamp as Interim Director of Public Safety for the City under Government Code Section 21221 (h). SR Reso. No. CC 2025-060 Retired Annuitant Appointment.docx Reso. No. CC 2025-060.docx 6.6 Adopt Resolution No. CC 2025-056, a Resolution of the City Council of the City of Palmdale approving the application for Land and Water Conservation Fund for the City Council Tuesday, August 5, 2025 2

Arnie Quinones Park Project. SR Reso. No. CC 2025-056.docx Reso. No. CC 2025-056.docx 6.7 Approve Requisitions with SiteOne Landscape Supply LLC and Wilber-Ellis Company for fertilizer supplies in a combined total amount not to exceed $474,000 for Fiscal Year 2025-26. SR Req. Nos. 260069 and 260060 SiteOne and Wilbur-Ellis.docx Req. No. 260069 with SiteOne Landscape Supply.pdf Req. No. 260060 with Wilbur-Ellis Company.pdf 6.8 Approve Requisition with SiteOne Landscape Supply LLC for irrigation and water conservation supplies in an amount not to exceed $380,000 for Fiscal Year 2025- 26. SR Req. No. 260058 with SiteOne Landscape Supply.docx Req. No. 260058 with SiteOne Landscape Supply.pdf 6.9 Accept Notice of Completion (NOC) for PN 867/868, Traffic Signal Modification at Avenue M and 20th/30th St. East Project. SR NOC PN 867/868 Traffic Signal Mod.docx NOC PN 867/868 Traffic Signal Mod.docx Project Photos PN 867/868 Traffic Signal Mod.pptx 6.10 Accept Notice of Completion (NOC) for PN 902 ESCO Energy Project. SR NOC PN 902 ESCO Energy Project.docx NOC PN 902 ESCO Energy Project.docx 6.11 Approve Requisition with Boething Treeland Farms, Inc., for wholesale plant materials in an amount not to exceed $137,500 for Fiscal Year 2025-26. SR Req. No. 260059 with Boething Treeland Farms, Inc.docx Req. No. 260059 with Boething Treeland Farms, Inc.pdf 6.12 Approve Energy for Palmdale's Independent Choice (EPIC) Residential Peak Demand Response Incentive Program. SR EPIC Peak Demand Response Program.docx EPIC FlexWise Terms and Conditions Draft.docx 6.13 Approve the minutes from the previous meeting. Min CC 07 15 2025.pdf 7. PUBLIC HEARING 7.1 Adopt Resolution No. CC 2025-055, a Resolution of the City Council of the City of Palmdale approving the issuance of California Municipal Financing Authority (CMFA) exempt facility bonds in an aggregate amount not to exceed $95,000,000 City Council Tuesday, August 5, 2025 3

for the purpose of financing or refinancing the acquisition, construction, improvement, and equipping of Palmdale family housing and certain other matters relating. SR TEFRA Palmdale Family Housing.docx Reso. No. CC 2025-055 TEFRA Palmdale Family Housing.docx 8. CITY MANAGER’S REPORT 9. 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. 10. COUNCIL REPORTS, ANNOUNCEMENTS AND REQUESTS FOR FUTURE AGENDA ITEMS 10.1 Council Reports. Monthly Informational Report 080525 Bettencourt.docx Monthly Informational Report 080525 Bishop.docx Monthly Informational Report 080525 Ohlsen.docx 11. ADJOURN meeting to August 19, 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, August 5, 2025 4

LEGISLATIVE BODY LAURA BETTENCOURT, MAYOR PRO TEM AUSTIN BISHOP, COUNCILMEMBER RICHARD J. LOA, 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 PRO TEM BETTENCOURT, COUNCILMEMBERS BISHOP, LOA, OHLSEN, ALARCÓN 3. PLEDGE OF ALLEGIANCE AND MOMENT OF SILENCE 4. PRESENTATIONS 4.1 Recognition of Lockheed Martin’s 70th Anniversary of the U-2 program. 4.2 Public Safety Department Update. CITY COUNCIL SUCCESSOR AGENCY CITY COUNCIL CHAMBER 38300 SIERRA HIGHWAY SUITE B PALMDALE, CA 93550 TUESDAY, AUGUST 5, 2025 5:00 PM www.cityofpalmdaleca.gov WELCOME City Council Tuesday, August 5, 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 and Quarterly Investment Activity Reports for June 2025. SR Monthly Investment Report June 2025.docx Rpt. Monthly and Quarterly Investment Reports June 2025.pdf 6.3 Approve Agreement with Datalink Networks, Inc. for a total not to exceed amount of $992,224, including a 15% contingency, for continued Microsoft 365 licensing. SR Agrmt No. A-9393 with Datalink Networks, Inc.docx Agrmt No. A-9393.pdf Cooperative Agrmt No. R200803 (Omnia).pdf 6.4 Adopt Resolution No. CC 2025-058, a Resolution of the City Council of the City of Palmdale authorizing the City Manager's signature authority of up to $300,000 per transaction for the purchase of performers or entertainment services and repealing Resolution No. CC 2023-058. SR Signature Authority.docx Reso. No. CC 2025-058 Signature Authority.docx 6.5 Adopt Resolution No. CC 2025-060, a Resolution of the City Council of the City of Palmdale appointing Ken Pulskamp as Interim Director of Public Safety for the City under Government Code Section 21221 (h). SR Reso. No. CC 2025-060 Retired Annuitant Appointment.docx Reso. No. CC 2025-060.docx 6.6 Adopt Resolution No. CC 2025-056, a Resolution of the City Council of the City of Palmdale approving the application for Land and Water Conservation Fund for the City Council Tuesday, August 5, 2025

Arnie Quinones Park Project. SR Reso. No. CC 2025-056.docx Reso. No. CC 2025-056.docx 6.7 Approve Requisitions with SiteOne Landscape Supply LLC and Wilber-Ellis Company for fertilizer supplies in a combined total amount not to exceed $474,000 for Fiscal Year 2025-26. SR Req. Nos. 260069 and 260060 SiteOne and Wilbur-Ellis.docx Req. No. 260069 with SiteOne Landscape Supply.pdf Req. No. 260060 with Wilbur-Ellis Company.pdf 6.8 Approve Requisition with SiteOne Landscape Supply LLC for irrigation and water conservation supplies in an amount not to exceed $380,000 for Fiscal Year 2025- 26. SR Req. No. 260058 with SiteOne Landscape Supply.docx Req. No. 260058 with SiteOne Landscape Supply.pdf 6.9 Accept Notice of Completion (NOC) for PN 867/868, Traffic Signal Modification at Avenue M and 20th/30th St. East Project. SR NOC PN 867/868 Traffic Signal Mod.docx NOC PN 867/868 Traffic Signal Mod.docx Project Photos PN 867/868 Traffic Signal Mod.pptx 6.10 Accept Notice of Completion (NOC) for PN 902 ESCO Energy Project. SR NOC PN 902 ESCO Energy Project.docx NOC PN 902 ESCO Energy Project.docx 6.11 Approve Requisition with Boething Treeland Farms, Inc., for wholesale plant materials in an amount not to exceed $137,500 for Fiscal Year 2025-26. SR Req. No. 260059 with Boething Treeland Farms, Inc.docx Req. No. 260059 with Boething Treeland Farms, Inc.pdf 6.12 Approve Energy for Palmdale's Independent Choice (EPIC) Residential Peak Demand Response Incentive Program. SR EPIC Peak Demand Response Program.docx EPIC FlexWise Terms and Conditions Draft.docx 6.13 Approve the minutes from the previous meeting. Min CC 07 15 2025.pdf 7. PUBLIC HEARING 7.1 Adopt Resolution No. CC 2025-055, a Resolution of the City Council of the City of Palmdale approving the issuance of California Municipal Financing Authority (CMFA) exempt facility bonds in an aggregate amount not to exceed $95,000,000 City Council Tuesday, August 5, 2025

for the purpose of financing or refinancing the acquisition, construction, improvement, and equipping of Palmdale family housing and certain other matters relating. SR TEFRA Palmdale Family Housing.docx Reso. No. CC 2025-055 TEFRA Palmdale Family Housing.docx 8. CITY MANAGER’S REPORT 9. 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. 10. COUNCIL REPORTS, ANNOUNCEMENTS AND REQUESTS FOR FUTURE AGENDA ITEMS 10.1 Council Reports. Monthly Informational Report 080525 Bettencourt.docx Monthly Informational Report 080525 Bishop.docx Monthly Informational Report 080525 Ohlsen.docx 11. ADJOURN meeting to August 19, 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, August 5, 2025

City Council Staff Report DATE: AUGUST 5, 2025 TO: HONORABLE MAYOR PRO TEM AND CITY COUNCIL FROM: OPERATIONS DEPARTMENT FINANCE DIVISION DISTRICT: ALL SUBJECT: RECEIVE AND FILE THE MONTHLY AND QUARTERLY INVESTMENT ACTIVITY REPORTS FOR JUNE 2025 RECOMMENDATION Staff recommend that the City Council: Receive and file the June 2025 monthly and quarterly 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 and quarterly 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 Pro Tem and City Council Re: Monthly and Quarterly Investment Reports August 5, 2025 Page 2 DISCUSSION Compliance with Investment Policy For June, the City’s invested portfolio totaled $375,670,790, an increase of $55,810,397 from the previous month and $26,047,845 compared to the prior year. The monthly increase was due to earned interest and new investment purchases. The par value of Successor Agency’s portfolio as of May was $12,065,597. The balance increased by $2,363,053 from the prior month due to the Recognized Obligation Payment Schedule (ROPS) received from Los Angeles County 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, the 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 June was $110,405,218, a decrease of $813,000 due to ARPA withdrawal in the current month. The Successor Agency’s LAIF balance at the end of June was $3,899,819, unchanged from the prior month. The City’s CAMP balance at the end of June was $105,713,151 compared to $52,756,073 in May. The increase is due to interest earned during the month.

Report to Mayor Pro Tem and City Council Re: Monthly and Quarterly Investment Reports August 5, 2025 Page 3 The interest rates presented are the most current rates available as of the date of this report. As of June 30, 2025, the interest rates for LAIF and CAMP investments were 4.269 percent and 4.40 percent, respectively. By comparison, the LAIF and CAMP interest rates at the end of May were 4.272 percent and 4.45 percent. This time last year, LAIF and CAMP rates were at 4.480 percent and 5.43, respectively. The chart above shows the LAIF and CAMP average monthly yields from September 2024 through June 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 and quarterly reports include all investments held by both entities and current book values as of June 30, 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 June 30, 2025. 4.58% 4.52% 4.48% 4.43% 4.37% 4.33% 4.31% 4.28% 4.27% 4.27% 5.29% 5.03% 4.87% 4.73% 4.55% 4.51% 4.47% 4.45% 4.42% 4.40% 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% Q1 Sep Oct Nov Q2 Dec Jan Feb Q3 Mar Apr May Q4 Jun Pooled Investments Monthly Yields LAIF CAMP

Report to Mayor Pro Tem and City Council Re: Monthly and Quarterly Investment Reports August 5, 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, City Attorney ATTACHMENTS Rpt. Monthly and Quarterly Investment Reports June 2025

CITY OF PALMDALE TREASURER'S REPORT OF INVESTMENTS JUNE 30, 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 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 12-20-21 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 06-13-25 04-30-29 CITY 3133ETFB8 Federal Farm Credit Bank 4.75 5,000,000.00 5,000,000.00 5,000,000.00 06-13-25 10-30-28 CITY 3130B62E5 Federal Home Loan Bank 4.25 3,000,000.00 3,000,000.00 3,000,000.00 06-27-25 04-30-29 CITY 3136GAGW3 Fannie Mae 4.75 5,000,000.00 5,000,000.00 5,000,000.00 06-27-25 05-14-29 CITY 3133ETGK7 Federal Farm Credit Bank 4.73 5,000,000.00 5,000,000.00 5,000,000.00 TOTAL GOVERNMENT AGENCY PAPER 97,275,000.00$ 95,532,015.58$ 93,802,942.22$ CITY OF PALMDALE INVESTMENTS

CITY OF PALMDALE TREASURER'S REPORT OF INVESTMENTS JUNE 30, 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 TOTAL CERTIFICATES OF DEPOSIT 3,170,000.00$ 3,176,473.78$ 3,162,880.48$ 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 14,087,232.58 14,087,232.58 14,087,232.58 TOTAL LAIF ACCOUNTS 107,591,835.88$ 107,591,835.88$ 110,405,218.35$ CAMP- CALIFORNIA ASSET MANAGEMENT PROGRAM 6080-01 n/a CITY 6080-01 0.30 105,713,151.12 105,713,151.12 105,713,151.12 TOTAL CAMP ACCOUNTS 105,713,151.12$ 105,713,151.12$ 105,713,151.12$ UBS FINANCIAL SERVICES n/a n/a CITY 0.00 288,195.29 288,195.29 288,195.29 TOTAL UBS FINANCIAL SERVICES ACCOUNTS 288,195.29$ 288,195.29$ 288,195.29$ TOTAL CITY INVESTMENTS 377,894,182.29$ 376,308,130.38$ 375,670,790.42$

CITY OF PALMDALE TREASURER'S REPORT OF INVESTMENTS JUNE 30, 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 0.35 120.61 05-10-95 n/a IMPROVEMENT 95421222 0.10 175,283.00 TOTAL SIERRA GATEWAY COMMUNITY FACILITIES DISTRICT 91-1 175,403.61$ 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 13.91 04-06-95 n/a IMPV-ACQUI 95420884 0.01 2,917,593.30 04-06-95 n/a BOND 95420887 0.15 0.15 TOTAL RITTER RANCH COMMUNITY FACILITIES DISTRICT 93-1 2,917,607.36$ 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 0.00 722,959.79 08-01-19 n/a SP TAX - REFNDING BOND 242969004 0.01 15,151.61 TOTAL ANAVERDE COMMUNITY FACILITIES DISTRICT 2003-1 738,185.81$ 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 0.01 344,758.74 n/a RESERVE FUND 251009001 0.01 647,108.59 TOTAL 2005 $7.2M COMMUNITY FACILITIES DISTRICT 05-1 (TRADE AND COMMERCE CENTER) REFUNDED 2021 991,867.33$ LIBRARY INVESTMENTS FISCAL AGENT CASH

CITY OF PALMDALE TREASURER'S REPORT OF INVESTMENTS JUNE 30, 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 0.01 103,157.77 11-08-06 n/a ADM EXP 106844002 0.01 1,803.68 11-08-06 n/a RESERVE FUND 106844003 0.01 87,141.62 TOTAL 2006-1 GODDE HILL ESTATE SEWER IMPROVEMENTS LOIB 192,103.07$ 2015 HA DEBT SERVICE RESERVE Fiscal Agent: Bank of America 11-19-15 n/a DEBT SVC RESERVE 1257964992 0.08 40,822.11 TOTAL 2015 HA DEBT SERVICE RESERVE 40,822.11$ PARS RESTRICTED CASH FOR PENSION STABILIZATION TRUST FUND 05-23-18 n/a CITY 104790895775 Public Agency Retirement Services 2.60 11,564,969.00 TOTAL PARS PENSION TRUST FUND 11,564,969.00$ BOND PROCEEDS 2015 HA $4.3M MULTIFAMILY HOUSING REVENUE BONDS Fiscal Agent: U.S. Bank National Association (fka First Trust) 09-03-15 n/a BOND FUND 277067000 0.00 95,478.05 09-03-15 n/a INTEREST ACCT 277067001 0.01 6.95 09-03-15 n/a BOND RESERVE 277067003 0.00 281,016.19 09-03-15 n/a REPAIR & REPLACE FUND 277067004 0.00 1,325,914.08 TOTAL 2015 HA $4.3M MULTIFAMILY HOUSING REVENUE BONDS 1,702,415.27$

CITY OF PALMDALE TREASURER'S REPORT OF INVESTMENTS JUNE 30, 2025 PURCHASE MATURITY ACCOUNT/ INTEREST PAR PURCHASE INVESTED DATE DATE FUND INSTITUTION RATE AMOUNT AMOUNT AMOUNT BOND PROCEEDS 2017 PFA $17.4M LEASE REVENUE BONDS Fiscal Agent: U.S. Bank National Association (fka First Trust) 04-05-17 n/a REVENUE FUND 271128000 0.00 1.17 04-05-17 n/