On the agenda: Beaumont 2026-08-12-Regular-Meeting-Agenda.pdf — Data Center (Aug 12)

BEAUMONT-CHERRY VALLEY WATER DISTRICT
560 Magnolia Avenue, Beaumont, CA 92223

NOTICE AND AGENDA
REGULAR MEETING OF THE BOARD OF DIRECTORS
and
COMMUNITY FACILITIES DISTRICT NO. 2025-1
This meeting is hereby noticed pursuant to
California Government Code Section 54950 et. seq.

Wednesday, August 12, 2026 - 6:00 p.m.
560 Magnolia Avenue, Beaumont, CA 92223
TELECONFERENCE NOTICE
The BCVWD Board of Directors will attend in person at the BCVWD
Administrative Office and/or via Zoom video teleconference pursuant to
Government Code 54953 et. seq.
To access the Zoom conference, use the link below:
https://us02web.zoom.us/j/84318559070?pwd=SXIzMFZCMGh0YTFIL2tnUGlpU3h0UT09
To telephone in, please dial: (669) 900-9128
Enter Meeting ID: 843 1855 9070 / Enter Passcode: 113552
For Public Comment, use the “Raise Hand” feature on the video call
when prompted. If dialing in, dial *9 to “Raise Hand” when prompted
BCVWD provides remote attendance options primarily as a matter of
convenience to the public. Unless a Board member is attending remotely
pursuant to provisions of GC 54953 et. seq., BCVWD will not stop or
suspend its in-person public meeting should a technological interruption
occur with respect to the Zoom teleconference or call-in line listed on the
agenda. Members of the public are encouraged to attend BCVWD meetings
in person at the above address, or remotely using the options listed.
Members of the public are not required to provide identifying information in
order to attend public meetings. Through the link above, the Zoom platform
requests entry of a name and email address, and BCVWD is unable to
modify this requirement.

Meeting materials are available on the BCVWD website:
https://bcvwd.gov/document-category/regular-board-agendas/

BCVWD REGULAR MEETING – AUGUST 12, 2026

Call to Order: President Williams

Roll Call - Board of Directors

Pledge of Allegiance: Director Covington
Invocation: President Williams

President Lona Williams
Vice President Andy Ramirez
Secretary David Hoffman

Request or Announcement, and Verification
of Remote Meeting Participation Pursuant
To GC 54953.8

Treasurer John Covington
Member Daniel Slawson

Roll Call
and Introduction of Staff Members Present
Public Comment
PUBLIC COMMENT: RAISE HAND OR PRESS *9 to request to speak when prompted.
If you are present in the Board Room, please fill out a Request to Speak card and deliver
it to the Recording Secretary.
At this time, any person may address the Board of Directors on matters within its jurisdiction. However,
state law prohibits the Board from discussing or taking action on any item not listed on the agenda. Any
non-agenda matters that require action will be referred to Staff for a report and possible action at a
subsequent meeting.
Please limit your comments to three minutes. Sharing or passing time to another speaker is not
permitted.

ACTION ITEMS
Action may be taken on any item on the agenda. Information on the following items is
included in the full Agenda Packet.
1. Adjustments to the Agenda: In accordance with Government Code Section 54954.2,
additions to the agenda require a 2/3 vote of the legislative body, or if less than 2/3 of
the members are present, a unanimous vote of those members present, which makes
the determination that there is a need to take action, and the need to take action arose
after the posting of the agenda.
a. Item(s) to be removed or continued from the Agenda
b. Emergency Item(s) to be added to the Agenda
c. Changes to the order of the agenda
2. Reports / Presentations / Information Items
Reports from consultants, contractors, or staff. Presentations may be made upon request
of the Board. Requested presentations should be limited to no longer than five (5) minutes.
a. Quarterly Report: Grant Activity Update (pages 7 - 9)
b. Quarterly Report: Review of District Contract Expenditures in Fiscal Year 2026
(pages 10 - 13)
c. Year-To-Date Electric Cost to Pump Groundwater (pages 14 - 21)

d. Annual Special Tax Levy Summary for the 2026-27 County tax year,
Acknowledging that the Levy has been calculated in accordance with the adopted
Rate and Method of Apportionment and submitted to the County of Riverside for
Placement on the Secured Tax Roll (pages 22 - 26)
e. California Special Districts Association Opportunities for Involvement: Committees
and Expert Teams (pages 27 - 29)
f. Quarterly Investment Report: Chandler Asset Management (pages 30 - 77)
3. Consent Calendar: All matters listed under the Consent Calendar are considered by the
Board of Directors to be routine and may be approved in one motion. There will be no
discussion of these items prior to the time the Board considers the motion unless members
of the Board, the administrative staff, or the public request specific items to be discussed
and/or removed from the Consent Calendar.
a) Review of the June 2026 Budget Variance Reports (pages 79 - 92)
b) Review of the June 30, 2026 Cash and Investment Balance Report (pages 93 121)
c) Review of Check Register for the Month of July 2026 (pages 122 - 140)
d) Review of July 2026 Invoices Pending Approval (pages 141 - 142)
e) Minutes of the Regular Meeting of June 25, 2026 (pages 143 - 151)
f) Minutes of the Regular Meeting of July 8, 2026 (pages 152 - 163)
4. Consider Finding the Avenida Miravilla Pipeline Replacement Project Exempt
from the California Environmental Quality Act (CEQA) and Direct Staff to File a
Notice of Exemption (P-3620-0016 Pipeline Replacement Project) (pages 165 170)
5. Authorize Funding for the S-2750-0001 Service Replacements Project, Consider
Finding the Project Exempt from the California Environmental Quality Act (CEQA),
and Direct Staff to File a Notice of Exemption (pages 171 - 178)
6. 2026 Mid-Year Budget Review and Report on Administrative Budget Transfers
(pages 179 - 191)
7. 2027 Imported Water Order from the San Gorgonio Pass Water Agency (pages
192 - 195)
8. Consideration of Attendance at Upcoming Events and Authorization of
Reimbursement and Per Diem (pages 196 - 208)
9. Reports For Discussion and Possible Action
a. Ad Hoc Committees
i.
Sites Reservoir
ii.
Bogart Park
iii.
Water Re-Use 3x2
b. Standing Committees
No oral report | written report only - pages 209 - 210)
i.
Finance & Audit Committee
ii.
Personnel Committee

BCVWD REGULAR MEETING – AUGUST 12, 2026

c. Directors’ Reports
In compliance with Government Code § 53232.3(d), Water Code § 20201, and BCVWD
Policies and Procedures Manual Part II Policies 4060 and 4065 directors claiming a per
diem and/or expense reimbursement (regardless of pre-approval status) will provide a
brief report following attendance

o

Association of California Water Agencies Region 9 on July 17, 2026 (Slawson,
Williams)

o

CSDA Webinar: How Years of Federal Policy Shifts Have Impact Your
Agencies to Borrow Money on July 21, 2026 (Hoffman, Ramirez, Slawson)

o

San Gorgonio Pass Water Alliance Meeting on July 22, 2026 (Slawson)

o

ACWA JPIA webinar: Performance Management on July 28, 2026 (Ramirez)

o

CAPIO: Developing an AI Policy: Communications-First Approach on July 29,
2026 (Ramirez)

o

Beaumont Chamber of Commerce Breakfast on August 5, 2026 (Hoffman,
Slawson, Williams)

o

41st Annual Tri-State Seminar on August 3-6, 2026 (Covington)

d. Directors’ General Comments
e. General Manager’s Report (pages 211 - 229)
f. Legal Counsel Report
10. Topic List for Future Meetings
A Board Member may request that a matter directly related to District business be
placed on the agenda of a regularly scheduled meeting of the Board of Directors
(Policy 4030.5)
Item requested
1

Legal Counsel update on SGMA cases and examples

Date of request

Requester

3/11/26

Williams

11. Announcements
Check the meeting agenda for location and potential teleconference information.
x Personnel Committee: Tuesday, Aug. 18 at 4:30 p.m.
x Engineering Workshop: Thursday, Aug. 27 at 6:00 p.m.
x Finance & Audit Committee meeting: Thursday, Sept. 3 at 3:00 p.m.
x District offices will be closed on Monday, Sept. 7 in observance of Labor Day
x Regular Board Meeting: Wednesday, Sept. 9 at 6:00 p.m.
12. Closed Session: The Board may meet in Closed Session pursuant to the Government
Code sections listed below.
a) CONFERENCE WITH LABOR NEGOTIATORS
Government Code Section 54957.6
District designated representative: Dan Jaggers, General Manager
Employee organization: BCVWD Employee Association and Contract Positions

b) CONFERENCE WITH REAL PROPERTY NEGOTIATORS
Pursuant to California Government Code Section 54956.8
Property: APNs 407-170-008 and 407-170-029
District Negotiator: Dan Jaggers, General Manager
Under Negotiation: Price and terms of payment
c) CONFERENCE WITH REAL PROPERTY NEGOTIATORS
Pursuant to California Government Code Section 54956.8
Property: Recycled water generated by the City of Beaumont Wastewater
Treatment Plant
District Negotiator: Dan Jaggers, General Manager
Under Negotiation: Price and terms of payment
d) CONFERENCE WITH REAL PROPERTY NEGOTIATORS
Pursuant to Government Code section 54956.8
Property: 635 Veile Avenue (Unit A, Unit B), Beaumont, CA
District Negotiators: Dan Jaggers and Mark Swanson
Under Negotiation: Price and terms of payment
13. Report on Action Taken During Closed Session
14. Adjournment
NOTICES
AVAILABILITY OF AGENDA MATERIALS - Agenda exhibits and other writings that are disclosable
public records distributed to all or a majority of the members of the Beaumont-Cherry Valley Water
District Board of Directors in connection with a matter subject to discussion or consideration at an open
meeting of the Board of Directors are available for public inspection in the District's office, at 560
Magnolia Avenue, Beaumont, California ("District Office”) during business hours, Monday through
Thursday from 7:30 a.m. to 5 p.m. If such writings are distributed to members of the Board less than
72 hours prior to the meeting, they will be available from the District Office at the same time or within
24 hours’ time as they are distributed to Board Members, except that if such writings are distributed
one hour prior to, or during the meeting, they can be made available in the Board Room at the District
Office. Materials may also be available on the District’s website: https://bcvwd.gov/. (GC 54957.5)
REVISIONS TO THE AGENDA - In accordance with §54954.2(a) of the Government Code (Brown
Act), revisions to this Agenda may be made up to 72 hours before the Board Meeting, if necessary,
after mailings are completed. Interested persons wishing to receive a copy of the set Agenda may pick
one up at the District's Main Office, located at 560 Magnolia Avenue, Beaumont, California, up to 72
hours prior to the Board Regular Meeting.
REQUIREMENTS RE: DISABLED ACCESS - In accordance with Government Code §54954.2(a), and
the Americans with Disabilities Act (ADA), requests for a disability related modification or
accommodation, including auxiliary aids or services, in order to attend or participate in a meeting,
should be made to the District Office. Notification of at least 48 hours in advance of the meeting will
generally enable staff to make reasonable arrangements to ensure accessibility. The Office may be
contacted by telephone at (951) 845-9581, email at [email protected] or in writing at the BeaumontCherry Valley Water District, 560 Magnolia Avenue, Beaumont, California 92223.
CERTIFICATION OF POSTING: A copy of the foregoing notice was posted near the regular meeting
place of the Board of Directors of Beaumont-Cherry Valley Water District and to its website at least 72
hours in advance of the meeting (Government Code §54954.2(a)).

BEAUMONT-CHERRY VALLEY WATER DISTRICT

Reports

Beaumont-Cherry Valley Water District
Regular Board Meeting
August 12, 2026

Item 2a

STAFF REPORT
TO:

Board of Directors

FROM:

Finance and Administration

SUBJECT:

Quarterly Report: Grant Activity Update

Staff Recommendation
Approve the Grant Activity Quarterly Update to move forward to the Reports section of the agenda
for the next Board of Directors meeting or direct staff as desired.
Executive Summary
The Board of Directors has directed District staff to pursue grant funding opportunities from all
sources and using various resources, including District staff and contracted grant writing services.
Tables 1 through 4 reflect the grant activity until June 30, 2026 for the Finance and Audit
Committee to preview before being submitted to the Board of Directors to receive and file.
Background
At the October 25, 2018, Engineering Workshop, the Board of Directors approved a contract with
Townsend Public Affairs, Inc. (Townsend) for grant writing services. District staff worked with
Townsend for three years evaluating grant eligibility requirements, submitting applications for
grant funding, providing legislative updates related to COVID-19 during the pandemic, and
lobbying for additional funding opportunities in the State and Federal budget. After the contract
ended, at the October 28, 2021, Regular Board meeting, the Board of Directors instructed staff to
implement the RFP process to attain a grant writing consultant.
At the District’s April 13, 2022, Regular Board meeting, the Board of Directors authorized the
General Manager to enter into a contract with Townsend for grant writing services. The approval
was for an initial one-year agreement with three optional one-year extensions based on annual
Board approval. The agreement ended April 30, 2025.
Table 1, Summary of received funding and/or grant agreements (attached), summarizes the
awarded funding and/or agreements related to efforts made by Townsend and District staff.
The report was presented at the August 6, 2026 Finance and Audit Committee meeting.
Attachments
1. Table 1 – Summary of received funding and/or grant agreements

Staff Report prepared by William Clayton, Finance Manager

May 2022

General
Manager

May 2022

General
Manager

Procured by

Award

$ 4,109,425

Automatic Meter
BOR WaterSMART:
Townsend
$1.5 million;
Read/Advanced
Water and Energy Public Affairs
cost-sharing
Metering
5 Efficiency Grant for
grant of at
Infrastructure
Fiscal Years 2020 and February
Deployment Program least 50%
2021
2022
(AMR/AMI)

Table 1 - Summary of received funding and/or grant agreements
BC
07.30.2026
Table 1- List of grants (2026-Q2)

None to
District

County of Riverside:
Total of
Low-Income
Finance Staff Outstanding Utility
$46,698.48
Billing charges
awarded;
4 Household Water
Assistance Program
April 2022 (general application)
applied to
(LIHWAP)
150 accounts

$ 2,104,900

None to
District

798,681

$ 5,163,000

Estimated
Original
Project Cost

1,548

$

"B" Line Upper Edgar
Transmission Pipeline $
and Facilities Project

24" 3040 Pressure
Zone Cherry
Avenue/International $ 1,784,219
Park Road
Transmission Pipeline

Project

California Water and
Wastewater
Finance/
Arrearage Payment
Outstanding Utility
Customer
Program, funded by
Billing charges from
3
Service Staff
the State Water
March 3, 2020 to
- February
Resources Control
December 31, 2022
2024
Board using federal
ARPA funds

American Rescue
Plan Act (ARPA)
2
funding through the
County of Riverside

American Rescue
Plan Act (ARPA)
1
funding through the
County of Riverside

Funding Program

Completed
(June 2024)

Completed
(April 2024)

Implementation of
conversion from manual
September
to radio read meters,
2019 – April
and infrastructure
2024
investments for
electronic reading

July 2022March 2024

Provided qualifying lowincome residents onetime payment of up to
$2,000 toward their
utility bill.

Completed
(September 2025)

Completed
(December 2025)

6/30/2026

Completed
(July 2024)

Replaces a 10"
diameter pipeline with
frequent leaks.

24" diameter pipeline to
increase the capacity of
the water and
transmission system.

Summary

Provided funds for 10
residential and
commercial customers
with arrearages during
the COVID-19
pandemic relief period
from March 3, 2020, to
December 31, 2022.
2020-2022

May 2022August 2025

May 2022December
2025

Project
Timeframe

TABLE 1 - Summary of received funding and/or grant agreements

Attachment 1

Finance Staff

County of Riverside:
Lift to Rise

JPIA Risk Control
Program

6

7

Award

Communication
Upgrade Project
(general application)

Table 1 - Summary of received funding and/or grant agreements
BC
07.30.2026
Table 1- List of grants (2026-Q2)

$

$

165,761

10,000

Total of
Outstanding Utility
$16,574.79
Billing charges
awarded;
(general application) applied to 23
accounts

Project

California Water and
Wastewater
Arrearage Payment Finance Staff Outstanding Utility
Program, funded by
Billing charges from
8
the State Water
March 3, 2020 to
December
Resources Control
2021
December 31, 2021
Board using federal
ARPA funds

March 2021

Operations
staff

May 2021

Procured by

Funding Program

$

$

123,244

32,618

None to
District

Estimated
Original
Project Cost

2020-2022

2021- 2022

May 2021August 2022

Project
Timeframe

For the purchase of
handheld radios
deployed to all field
staff, HR,
management, and the
District's main office.
Provided funds for
community water
systems that have
accrued residential and
commercial customer
arrearages during the
COVID-19 pandemic
relief period from March
3, 2020, to June 15,
2021.

Emergency rental
assistance, including
utilities, for past due
balances.

Summary

Completed
(April 2022)

Completed
(May 2022)

Completed
(November 2022)

6/30/2026

Attachment 1

Beaumont-Cherry Valley Water District
Regular Board Meeting
August 12, 2026

Item 2b

STAFF REPORT
TO:

Board of Directors

FROM:

Finance and Administration

SUBJECT:

Quarterly Report: Review of District Contract Expenditures in Fiscal Year
2026

Staff Recommendation: None. Direct staff as desired.
Executive Summary
The District holds contracts with various vendors to provide ongoing services to the District for
the 2026 Fiscal Year. The tables detailing the vendor information, the Board of Directors date of
approval, total contract costs to date, contract costs not to exceed, and contract costs remaining
are provided as attachments 1 and 2 for review. Attachment 1 is for service-oriented contracts,
not in the District’s Capital Improvement Budget (CIB). Attachment 2 is for CIB projects.
Background
At the meeting of the Finance and Audit Committee on January 7, 2021, Chair Hoffman and
Member Covington requested detail on long-term contract vendor activities. Since that time, this
detail has been presented on a quarterly basis to the Finance and Audit Committee. At the August
24, 2023 Regular Meeting of the Board, Director Covington requested said detail be presented at
the next Regular Meeting.
District Policy 5080 Purchasing outlines the District’s purchasing process, which includes
requirements for executing contracts with outside contractors or consultants for nonprofessional
and professional services, as well as public works construction project services.
The Vendor Number and Vendor Name columns of both Tables are created in the District’s
financial system, Springbrook, upon receipt of the first invoice for services rendered to the District.
Wells Fargo Bank, N.A. and Chandler Asset Management are not entered in Springbrook because
the charges assessed by those vendors are deducted from the balance and portfolio managed
by each of those respective entities. Total Contract Costs to Date reflect invoices for services
rendered up through June 30,2026.
The report was presented at the August 6, 2026 Finance and Audit Committee meeting.
Fiscal Impact
The total remaining contract balances, as reflected by the combined totals of Tables 1 and 2,
are $13,410,062.43.
Attachments
1. Table 1 – Non – Capital Improvement Budget Contracts
2. Table 2 – Capital Improvement Budget Related Contracts
Staff Report prepared by William Clayton, Finance Manager

Commercial Cleaning Services
Actuarial Services to Value OPEB
in Compliance with GASB 75

10581 H2O Solutions
N/A Wells Fargo Bank, N.A.

11276 Universal Green, LLC
10792 A-1 Financial Services

11256 Water Resources Economics

11228 D.I. Ready Cleaning Service, Inc.

Foster & Foster Consulting
11180 Actuaries, Inc.
Rogers, Anderson, Malody &
10491 Scott, LLP
T.R. Holliman c/o City of
10016 Beaumont

3
4

5
6

7

8

11

10

BC 07.30.2026

Beaumont-Cherry Valley Water District
Review of District Contract Expenditures in Fiscal Year 2026
Table 1 - Non – Capital Improvement Budget Contracts

$

$
$

9/29/2022 $

Replaced; pending update

N/A

1/11/2023 $

1/26/2023 $

N/A

4/10/2024 $

7/25/2024 $
11/13/2024 $

11/12/2025 $
8/14/2024 $

56,100.00
908,723.00

58,000.00

173,995.00

40,250.00

22,200.00

118,074.00

133,200.00
70,704.00

22,500.00
25,000.00

172,700.00

Total

Total

Total

Total

$

$

$

$

$

$

Total
Annual

$
$

$
$

Onetime
Annual
Total
Total

$

$

$

Total

Annual

Fees Charged on
assets under
12/10/2025 management
11/20/2025 $

Annual

$

Contract
Cost
Basis

16,000.00

N/A

Contract Costs
Not To Exceed

Ongoing: Year 4

Ongoing: Year 5

Ongoing

Ongoing: Year 2
Ongoing
Phase I complete; Phase II to
come

District's share of an Agreement
for Zanjero Group to develop the
Urban Water Management Plan Ongoing

Annual Independent Audit
Recycled Water Program
Implementation Facilitator

Landscape Maintenance Services
Engineering Office Rental
Cost-of-Service
Study

11358 Eagle Aerial Photography, Inc

Investment
Management/Advisory Svcs
Ongoing: Final of 5 year contract
WaterView Data Management for
UWUO Compliance
Ongoing
Cleaning, Inspection, Minor
Repair of 4 Domestic Drinking
Water Reservoirs
Completed
Banking Services
Ongoing: Year 2

2

9

Status

Human Resources Consulting Svcs Annual

N/A Chandler Asset Management

10719 HR Dynamics

Contract Services

2

1

Vendor # Vendor Name

Zanjero Group via San Gorgonio
12
10290 Pass Water Agency
TOTAL CONTRACT COSTS REMAINING

Line #

Board Approval
of Contract or
Contract
Extension Date

Beaumont-Cherry Valley Water District
Review of District Contract Expenditures in Fiscal Year 2026
Table 1
Non-Capital Improvement Budget Contracts

$

$

$

-

34,620.04

$

$

102,695.00 $

11,650.00 $

-

73,154.91 $

60,480.00 $
40,744.00 $

14,580.00 $
17,835.48 $

-

$

-

-

$
$

$

30,800.00 $

3,319.00 $

11,100.00 $

520.00 $

30,240.00 $
17,976.00 $

$
9,489.00 $

61,600.00 $

$

$
583,562.64 $

34,620.04 $

133,495.00 $

14,969.00 $

11,100.00

73,674.91 $

90,720.00 $
58,720.00 $

14,580.00 $
27,324.48 $

61,600.00 $

62,759.21 $

-

56,100.00
352,899.57

23,379.96

40,500.00

25,281.00

44,399.09

42,480.00
11,984.00

(2,324.48)

111,100.00

-

-

Remaining
Total Contract Contract Balance
Costs to Date as of 06/30/2026

21,312.45 $

-

FY 2026 Costs
To Date

41,446.76 $

-

FY 2025 and
Prior Costs

Attachment 1

Vendor Name

Beaumont-Cherry Valley Water District
Review of District Contract Expenditures in Fiscal Year 2026
Table 2 - Capital Improvement Budget Contracts
BC 07.30.2026

10148 MCC Equipment Rentals, Inc.

11324 Legacy Excavating, Inc.

10266 Cozad & Fox

10266 Cozad & Fox

TKE Engineering

10674 Michael Baker International

10266 Cozad & Fox

10674 Michael Baker International

11153 CASC Engineering & Consulting, Inc.

10509 Albert A. Webb Associates

TGR Geotechnical, Inc.

10337 Hilltop Geotechnical, Inc.

10178 Converse Consultants

11333 Enterprise Fleet Management, Inc.

10668 Thomas Harder & Co.

11337 General Pump Company

11337 General Pump Company

10431 So Cal West Coast Electric

11381 TKE Engineering

Borden Excavating, Inc.

11337 General Pump Company

Vendor #

B Line Replacement Pipeline Project
3040 Pressure Zone Cherry Avenue /
International Park Road Transmission
Pipeline Project

Completed

Completed

2024 Replacement Pipelines Project
Design and Engineering Services
Ongoing
Surveying Services for the 2600 – 2400
Non-Potable Water Pressure Reducing
Station
Completed

Annual Fleet Management Services
Ongoing
On-call geotechnical services related to
District projects
On call/as needed
On-call geotechnical services related to
District projects
On call/as needed
On-call geotechnical services related to
District projects
On call/as needed
On-call environmental services related
to District projects
On call/as needed
On-call environmental services related
to District projects
On call/as needed
On-call environmental services related
to District projects
On call/as needed
On-call engineering services related to
District projects and development plan
check activities
On call/as needed
On-call engineering services related to
District projects and development plan
check activities
On call/as needed
On-call engineering services related to
District projects and development plan
check activities
On call/as needed

On call/as needed

Hydrogeological Support Services Well No. 30 - Reallocation of October
2017 Contract

11/12/2025 $

Completed

5/16/2024 $

10/24/2024 $

1/23/2025 $

2/12/2025 $

4/9/2025 $

4/9/2025 $

4/9/2025 $

4/9/2025 $

4/9/2025 $

4/9/2025 $

4/9/2025 $

4/9/2025 $

4/9/2025 $

4/9/2025 $

7/9/2025 $

7/9/2025 $

11/12/2025 $

Completed

Ongoing

12/10/2025 $

3/24/2026 $

4/23/2026 $

1,905,000.00

835,000.00

8,800.00

180,015.00

1,500,000.00

1,500,000.00

1,500,000.00

600,000.00

600,000.00

600,000.00

450,000.00

450,000.00

450,000.00

712,500.00

189,488.50

250,000.00

48,000.00

35,000.00

180,000.00

1,614,200.00

335,000.00

Contract Costs Not To
Exceed

Ongoing

Ongoing

Ongoing

Status

One Year On-Call Plan Check Services
Installation of Four Level 2 Electric
Charging Stations at Main Office
Well 12 Pumping Unit Repair and
Rehabilitation
Well 24 Emergency Repair - Board
Ratified Emergency Giving GM
Authorization to expend funds up to
$250,000

Contract Services
Well 25 and Well 1 Pumping Unit
Repair
American Avenue (P-2750-0095) and
11th Street (P2750-0056) Replacement Pipeline
Projects

Board Approval of
Contract or Contract
Extension Date

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

1,801,493.28 $

829,965.59 $

20,523.30

90,762.52 $

-

-

-

-

-

-

-

20,482.00 $

-

99,720.00

37,376.90

60,703.82 $

7,030.00

28,900.00 $

-

-

-

$

$

$

$

$

$

$

$

$

$

$

$

$

$

-

-

770.70

7,179.00

-

-

$

$

$

$

$

$

6,111.75 $

11,369.98

-

-

-

3,659.00

-

92,077.18

21,022.85

-

40,870.00

-

18,110.00

-

128,677.00

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

1,801,493.28

$

829,965.59 $

21,294.00 $

97,941.52

-

-

6,111.75 $

11,369.98

-

-

-

24,141.00

-

191,797.18

58,399.75

60,703.82

47,900.00

Attachment 2

103,506.72

5,034.41

(12,494.00)

82,073.48

1,500,000.00

1,500,000.00

1,493,888.25

588,630.02

600,000.00

600,000.00

450,000.00

425,859.00

450,000.00

520,702.82

131,088.75

189,296.18

100.00

6,100.00

161,890.00

1,614,200.00

206,323.00

Remaining Contract Balance as of
06/30/2026

28,900.00 $

18,110.00

-

128,677.00

FY 2025 and Prior FY 2025 Costs To Total Contract Costs to
Costs
Date
Date

Beaumont-Cherry Valley Water District
Review of District Contract Expenditures in Fiscal Year 2026
Table 2
Capital Improvement Budget Contracts

Beaumont-Cherry Valley Water District
Review of District Contract Expenditures in Fiscal Year 2026
Table 2 - Capital Improvement Budget Contracts
BC 07.30.2026

TOTAL CONTRACT COSTS REMAINING

10266 Cozad & Fox

10668 Thomas Harder & Co.

Engineering Svcs - Well Nos. 1A and 2A Ongoing
Engineering Svcs - Noble Tank and
Pipeline
Ongoing

6/24/2021 $
10/11/2017, with
additional funding on
09/18/2024
$

Ongoing

10266 Cozad & Fox

6/23/2022 $

Ongoing

2022/2023 Water Storage Tank
Recoating, Painting, and Rehabiliation
2020-2021 Replacement Pipeline
Project Engineering Services

11098 Harper and Associates Engineering

$

11/8/2017 $

20,132,592.50

234,100.00

371,400.00

188,000.00

198,000.00

132,000.00

11/9/2022 $
7/28/2022
7/28/2022
7/28/2022

79,970.00

115,269.00

550,000.00
4,230,000.00

90,850.00

3/23/2023 $

On call/as needed
On call/as needed
On call/as needed

7/27/2023 $

On-Call Land Surveying Services
On-Call Land Surveying Services
On-Call Land Surveying Services

11222 Ludwig Engineering Associates, Inc.

12/13/2023 $
10/11/2023 $

10266 Cozad & Fox

Design and Engineering Services for the
2023 Water Pipelines Projects (P-27500056, P-2750-0091 and P-2750-0095) Completed

10674 Michael Baker International
10193 South West Pump and Drilling, Inc

11153 CASC Engineering & Consulting, Inc.
10266 Cozad & Fox
10911 Prizm Group

Ongoing
Ongoing

Design Consulting for 2850 Pressure
Zone Booster Pump Station and
Transmission Pipeline Project
Drill Well Nos 1A & 2A

3/28/2024 $

Contract Costs Not To
Exceed

District Well Feasibility and Siting Study Ongoing
B Line Replacement Pipeline Project
Engineering Services
Completed

Ongoing

2023-2024 Service Replacement
Project (P-2750-0098)

10266 Cozad & Fox

11194 Dudek

Status

Vendor Name

Contract Services

Vendor #

Board Approval of
Contract or Contract
Extension Date

$

$

$

$

$
$
$

$

$

$

$
$

$

$
$

$
245,513.60 $

229,059.72

179,721.25 $

19,870.00 $

25,360.10 $
$
9,516.25 $

130,327.00 $

56,962.50 $

115,224.00 $

226,488.30
2,138,490.96

25,231.00 $

$

-

66,757.96

-

-

-

-

-

-

$

$

$

$

$

$
$
$

$

$

$

23,572.22 $
256,529.91 $

-

$

$

$

13,057,162.86

(11,413.60)

245,513.60 $
7,075,429.64

75,582.32

8,278.75

178,130.00

$
295,817.68

179,721.25 $

19,870.00

(25,360.10)
(9,516.25)

1,673.00
25,360.10 $
$
9,516.25 $

130,327.00 $

45.00
23,007.50

$

299,939.48
1,834,979.13

65,619.00

$
56,962.50

115,224.00

Attachment 2

Remaining Contract Balance as of
06/30/2026

250,060.52 $
2,395,020.87 $

25,231.00

FY 2025 and Prior FY 2025 Costs To Total Contract Costs to
Costs
Date
Date

Beaumont-Cherry Valley Water District
Review of District Contract Expenditures in Fiscal Year 2026
Table 2
Capital Improvement Budget Contracts

Beaumont-Cherry Valley Water District
Regular Board Meeting
August 12, 2026

Item
Item2c
7

STAFF REPORT
TO:

Board of Directors

FROM:

Finance and Administration

SUBJECT:

Year-to-Date Electric Cost to Pump Groundwater

Staff Recommendation
Information only.
Executive Summary
Through June 2026, the District produced approximately 6,240 acre-feet (AF) of groundwater and
incurred approximately $1.23 million in electric costs, resulting in an average electric cost of
$196.88 per AF. Compared with June 2025 year-to-date results, production increased 5.1%, total
electric cost increased 8.5%, and unit cost increased 3.3%.
The 2026-unit cost remains close to the 2023-2025 range, but it is 31.7% above the 2022 level.
City wells continue to drive the District-wide result, accounting for approximately 83.9% of
production and 91.6% of total electric cost in 2026. Well 25 was taken out of service for repairs in
February; therefore, its limited 2026 production and calculated cost per AF are not representative
of normal operating performance.
Because Southern California Edison billing for some facilities may lag by one month or more, the
year-to-date figures should be treated as preliminary. Well 25 should be treated as a nonproducing repair-related exception rather than evaluated as an operating-efficiency trend.
Analysis
District-Wide Performance
2026 production remains approximately 4.4% below 2022, while electric cost is approximately
25.9% higher than 2022. This divergence explains the sustained increase in electric cost per AF.
Year Production (AF) Electric Cost Cost per AF YoY Unit-Cost Change
2022
6,529
$975,705
$149.45
2023
4,742
$926,697
$195.43
30.8%
2024
4,941
$979,873
$198.33
1.5%
2025
5,938
$1,131,961
$190.63
-3.9%
2026
6,240
$1,228,479
$196.88
3.3%
Cost Performance By Operating Group
Canyon wells remained the lower-cost source group in every year reviewed. Their 2026 average
cost was $75.97 per AF, compared with $214.99 per AF for city wells. Canyon-well unit cost
increased 30.0% from 2025, largely because Canyon production declined 20.5% while electric
cost increased 3.4%. City-well production increased 12.0% and electric cost increased 9.0%,
allowing the city-well average to improve 2.7% to $214.99 per AF.

Booster-station costs totaled $26,661.16 in 2026, equal to approximately $4.27 per AF of District
production. This remains substantially below the $11.09 per AF reported in 2022, indicating that
booster costs have become a smaller component of the overall electric-cost burden.
Group
2026 AF 2026 Cost Cost/AF AF YoY Cost YoY Unit YoY
Canyon Wells
1,004
$76,296
$75.97
-20.5%
3.4%
30.0%
City Wells
5,235
$1,125,522 $214.99 12.0%
9.0%
-2.7%
Booster Stations
$26,661
$4.27
5.7%
0.5%
District Total
6,240
$1,228,479 $196.88
5.1%
8.5%
3.3%
Well-Level Observations
Well 25 was turned off in February and has remained down for repairs. Because the well is not
producing, its limited year-to-date production and associated electric charges are presented for
completeness but are not analyzed as an indicator of pumping efficiency.
Well 29 improved materially from 2025. Production increased from 81.80 AF to 510.69 AF, electric
cost from $71,809.61 to $180,737.15, and unit cost declined from $877.92 to $353.91 per AF.
Although still high relative to most wells, the lower unit cost reflects much greater utilization.
Well 21 was the lowest-cost city well in 2026 at $111.29 per AF, down 25.8% from 2025. Its
production rose 33.4% while electric cost declined slightly.
Within the canyon group, Well 19 remained the lowest-cost producing facility at $38.78 per AF.
Wells 14 and 18 increased to $147.88 and $118.52 per AF, respectively, and were the highestcost active canyon wells in 2026.
Conclusion
The District produced more groundwater through June 2026 than in each of the prior three years,
but electric costs reached the highest level in the five-year comparison. The average cost of
$196.88/AF is moderately above 2025. Overall performance is being shaped by the heavy
reliance on city wells, which are materially more expensive per AF than canyon wells.
In 2026, City-well unit cost improved despite higher production, booster cost remained low, and
several individual wells showed favorable changes. Well 25's reported unit cost should be viewed
separately because the well has been out of service for repairs since February and is not
representative of active production. Ongoing review should focus primarily on the performance of
producing wells and on maintaining comparable billing and production periods.
.Attachment(s)
1. Year-over-Year Comparison Through June
2. Year-to-Date Analysis of Electric Cost to Pump Groundwater Through June 2026
3. Year-to-Date Analysis of Electric Cost to Pump Groundwater Through June 2025
4. Year-to-Date Analysis of Electric Cost to Pump Groundwater Through June 2024
5. Year-to-Date Analysis of Electric Cost to Pump Groundwater Through June 2023
6. Year-to-Date Analysis of Electric Cost to Pump Groundwater Through June 2022
Staff Report prepared by Edith Garcia, Management Analyst I

$
$
$
$
$
$
$
$
$
$

CITY WELLS
WELL 3
WELL 16
WELL 21
WELL 22
WELL 23
WELL 24
WELL 25
WELL 26
WELL 29
TOTAL CITY WELLS

Year-To-Date Analysis of Electric Cost to Pump Groundwater
Through June
Year-Over-Year Comparison
BC
07.29.2026

TOTALS
(1)

2026

$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$

196.88 $

4.27 $

227.14
111.29
188.58
229.99
159.77
5,887.49
262.88
353.91
214.99

110.20
53.01
61.08
94.71
63.25
58.36
147.88
118.52
38.78
96.53
75.97

$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$

190.63 $

4.25 $

321.84
150.06
185.11
288.45
168.00
198.78
877.92
220.95

101.59
44.11
26.41
138.98
69.50
59.43
97.67
58.17
32.76
55.86
58.42

Total Electric Bill Per AF Produced
2024
2025

$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$

198.33 $

5.05 $

-

382.29
118.30
183.43
253.13
161.23
305.79
197.76
431.48
228.51

110.04
52.62
54.58
77.72
75.28
66.42
97.54
68.14
38.59
50.77
71.44

2023

$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$

195.43 $

7.35 $

-

172.28
285.54
159.62
199.59
227.80
155.54
343.61
199.50
209.73

113.86
57.43
78.13
99.00
352.71
63.59
140.13
34.52
34.40
72.89
78.95

Data is still being aggregat Data is still being aggregated and consolidated - SCE billing for some facilities can be
behind by a month or morbehind by a month or more

$

BOOSTER STATIONS - NO
ADDITIONAL
PRODUCTION
BOOSTERS 21A & B
HIGHLAND SPRINGS
NOBLE BOOSTER
UPPER EDGAR BOOSTER
12TH & PALM BOOSTERS
4A BOOSTER
TOTAL BOOSTER
STATIONS
$

$
$
$
$
$
$
$
$
$
$
$
$
$

WELL(1)
CANYON WELLS
WELL RR1
WELL 4A
WELL 5
WELL 6
WELL 9A
WELL 10
WELL 11
WELL 12/13
WELL 14
WELL 18
WELL 19
WELL 20
TOTAL CANYON WELLS

Beaumont-Cherry Valley Water District
Year-To-Date Analysis of Electric Cost to Pump Groundwater
Through June
Year-Over-Year Comparison

2022

149.45

11.09

-

134.67
163.64
130.72
146.46
239.14
145.44
124.72
147.16
143.44

92.58
41.42
55.81
275.09
84.15
177.22
108.93
62.99
84.47

Beaumont-Cherry Valley Water District
Year-To-Date Analysis of Electric Cost to Pump Groundwater
Through June 2026

(1)

WELL
CANYON WELLS
WELL RR1
WELL 4A
WELL 5
WELL 6
WELL 9A
WELL 10
WELL 11
WELL 12/13
WELL 14
WELL 18
WELL 19
WELL 20
TOTAL CANYON WELLS

CCF Produced

CITY WELLS
WELL 3
WELL 16
WELL 21
WELL 22
WELL 23
WELL 24
WELL 25
WELL 26
WELL 29
TOTAL CITY WELLS

AF Produced

Total Electric Bill Total Electric Bill
Total Electric Bill Per CCF Produced Per AF Produced

76,150
42,401
72,545
17,739
28,041
70,863
37,883
11,504
72,294
8,076
437,496

174.8163
97.3388
166.5402
40.7241
64.3733
162.6793
86.9663
26.4093
165.9642
18.5402
1,004.3519

$
$
$
$
$
$
$
$
$
$
$
$
$

19,265.58
5,160.15
10,172.93
58.06
3,856.99
4,071.67
9,493.86
12,860.79
3,130.10
6,436.00
1,789.77
76,295.90

$
$
$
$
$
$
$
$
$
$
$
$
$

0.25
0.12
0.14
0.22
0.15
0.13
0.34
0.27
0.09
0.22
0.17

$
$
$
$
$
$
$
$
$
$
$
$
$

110.20
53.01
61.08
94.71
63.25
58.36
147.88
118.52
38.78
96.53
75.97

151,477
340,734
238,654
659,256
568,742
4,517
94,646
222,455
2,280,481

347.7433
782.2176
547.8742
1,513.4435
1,305.6520
10.3696
217.2773
510.6864
5,235.2640

$
578.60
$
78,986.76
$
87,055.73
$
103,317.25
$
348,071.71
$
208,606.12
$
61,050.96
$
57,118.04
$
180,737.15
$ 1,125,522.32

$
$
$
$
$
$
$
$
$
$

0.52
0.26
0.43
0.53
0.37
13.52
0.60
0.81
0.49

$
$
$
$
$
$
$
$
$
$

227.14
111.29
188.58
229.99
159.77
5,887.49
262.88
353.91
214.99

26,661.16 $

0.01 $

4.27

1,228,479

0.45 $

196.88

BOOSTER STATIONS - NO
ADDITIONAL
PRODUCTION
BOOSTERS 21A & B
HIGHLAND SPRINGS
NOBLE BOOSTER
UPPER EDGAR BOOSTER
12TH & PALM BOOSTERS
4A BOOSTER
TOTAL BOOSTER
STATIONS

2,717,977

6,239.6159 $

TOTALS

2,717,977

6,240 $

(1)

$
$
$
$
$
$

16,016.37
2,898.69
1,466.09
1,076.18
4,625.23
578.60

$

Data is still being aggregated and consolidated - SCE billing for some facilities can be
behind by a month or more

Year-To-Date Analysis of Electric Cost to Pump Groundwater
Through June 2026
BC
07.29.2026

Beaumont-Cherry Valley Water District
Year-To-Date Analysis of Electric Cost to Pump Groundwater
Through June 2025

(1)

WELL
CANYON WELLS
WELL RR1
WELL 4A
WELL 5
WELL 6
WELL 9A
WELL 10
WELL 11
WELL 12/13
WELL 14
WELL 18
WELL 19
WELL 20
TOTAL CANYON WELLS

CCF Produced

CITY WELLS
WELL 3
WELL 16
WELL 21
WELL 22
WELL 23
WELL 24
WELL 25
WELL 26
WELL 29
TOTAL CITY WELLS

AF Produced

Total Electric Bill Total Electric Bill
Total Electric Bill Per CCF Produced Per AF Produced

78,979
43,921
117,713
3,612
22,143
94,051
63,307
25,031
81,301
20,048
550,105

181.3108
100.8294
270.2312
8.2909
50.8340
215.9107
145.3317
57.4633
186.6403
46.0243
1,262.8666

$
$
$
$
$
$
$
$
$
$
$
$
$

18,419.03
4,447.24
7,137.88
39.10
1,152.26
3,533.04
12,831.30
14,194.92
3,342.71
6,113.99
2,570.71
73,782.18

$
$
$
$
$
$
$
$
$
$
$
$
$

0.23
0.10
0.06
0.32
0.16
0.14
0.22
0.13
0.08
0.13
0.13

$
$
$
$
$
$
$
$
$
$
$
$
$

101.59
44.11
26.41
138.98
69.50
59.43
97.67
58.17
32.76
55.86
58.42

66,403
255,399
218,377
456,530
474,837
529,313
35,630
2,036,489

152.4403
586.3154
501.3246
1,048.0487
1,090.0758
1,215.1354
81.7952
4,675.1354

$
500.35
$
49,060.70
$
87,985.30
$
92,802.34
$
302,311.43
$
183,130.81
$
241,548.03
$
3,799.55
$
71,809.61
$ 1,032,948.12

$
$
$
$
$
$
$
$
$
$

0.74
0.34
0.42
0.66
0.39
0.46
2.02
0.51

$
$
$
$
$
$
$
$
$
$

321.84
150.06
185.11
288.45
168.00
198.78
877.92
220.95

25,230.22 $

0.01 $

4.25

1,131,961

0.44 $

190.63

BOOSTER STATIONS - NO
ADDITIONAL
PRODUCTION
BOOSTERS 21A & B
HIGHLAND SPRINGS
NOBLE BOOSTER
UPPER EDGAR BOOSTER
12TH & PALM BOOSTERS
4A BOOSTER
TOTAL BOOSTER
STATIONS

2,586,594

5,938.0021 $

TOTALS

2,586,594

5,938 $

(1)

$
$
$
$
$
$

16,660.90
2,640.09
919.08
1,206.48
3,303.32
500.35

$

Data is still being aggregated and consolidated - SCE billing for some facilities can be
behind by a month or more

Year-To-Date Analysis of Electric Cost to Pump Groundwater
Through June 2025
BC
07.29.2026

Beaumont-Cherry Valley Water District
Year-To-Date Analysis of Electric Cost to Pump Groundwater
Through June 2024

(1)

WELL
CANYON WELLS
WELL RR1
WELL 4A
WELL 5
WELL 6
WELL 9A
WELL 10
WELL 11
WELL 12/13
WELL 14
WELL 18
WELL 19
WELL 20
TOTAL CANYON WELLS

CCF Produced

CITY WELLS
WELL 3
WELL 16
WELL 21
WELL 22
WELL 23
WELL 24
WELL 25
WELL 26
WELL 29
TOTAL CITY WELLS

AF Produced

Total Electric Bill Total Electric Bill
Total Electric Bill Per CCF Produced Per AF Produced

77,311
40,857
60,933
26,477
19,668
87,658
68,557
8,209
69,144
24,005
482,820

177.4816
93.7955
139.8825
60.7835
45.1524
201.2346
157.3861
18.8446
158.7328
55.1077
1,108.4013

$
$
$
$
$
$
$
$
$
$
$
$
$

19,529.99
4,935.45
7,634.89
34.18
4,724.34
3,398.86
13,366.80
15,350.76
1,284.05
6,125.51
2,797.68
79,182.51

$
$
$
$
$
$
$
$
$
$
$
$
$

0.25
0.12
0.13
0.18
0.17
0.15
0.22
0.16
0.09
0.12
0.16

$
$
$
$
$
$
$
$
$
$
$
$
$

110.04
52.62
54.58
77.72
75.28
66.42
97.54
68.14
38.59
50.77
71.44

42,141
45,466
218,626
441,716
451,313
286,065
140,826
43,212
1,669,365

96.7424
104.3756
501.8962
1,014.0404
1,036.0721
656.7149
323.2920
99.2011
3,832.3347

$
$
$
$
$
$
$
$
$
$

3,052.62
36,983.66
12,347.67
92,062.27
256,681.42
167,042.68
200,819.52
63,935.51
42,803.23
875,728.58

$
$
$
$
$
$
$
$
$
$

0.88
0.27
0.42
0.58
0.37
0.70
0.45
0.99
0.52

$
$
$
$
$
$
$
$
$
$

382.29
118.30
183.43
253.13
161.23
305.79
197.76
431.48
228.51

$
$
$
$
$
$

15,396.87
2,262.66
1,690.23
1,217.68
3,958.72
435.63
24,961.79 $

0.01 $

5.05

979,873

0.46 $

198.33

BOOSTER STATIONS - NO
ADDITIONAL
PRODUCTION
BOOSTERS 21A & B
HIGHLAND SPRINGS
NOBLE BOOSTER
UPPER EDGAR BOOSTER
12TH & PALM BOOSTERS
4A BOOSTER
TOTAL BOOSTER
STATIONS

2,152,185

4,940.7360 $

TOTALS

2,152,185

4,941 $

(1)

$

Data is still being aggregated and consolidated - SCE billing for some facilities can be
behind by a month or more

Year-To-Date Analysis of Electric Cost to Pump Groundwater
Through June 2024
BC
07.29.2026

Beaumont-Cherry Valley Water District
Year-To-Date Analysis of Electric Cost to Pump Groundwater
Through June 2023

(1)

WELL
CANYON WELLS
WELL RR1
WELL 4A
WELL 5
WELL 6
WELL 9A
WELL 10
WELL 11
WELL 12/13
WELL 14
WELL 18
WELL 19
WELL 20
TOTAL CANYON WELLS

CCF Produced

CITY WELLS
WELL 3
WELL 16
WELL 21
WELL 22
WELL 23
WELL 24
WELL 25
WELL 26
WELL 29
TOTAL CITY WELLS

AF Produced

Total Electric Bill Total Electric Bill
Total Electric Bill Per CCF Produced Per AF Produced

68,516
33,741
32,042
18,945
1,408
81,136
29,202
10,188
54,524
12,307
342,008

157.2911
77.4582
73.5581
43.4913
3.2330
186.2615
67.0393
23.3884
125.1697
28.2528
785.1433

$
$
$
$
$
$
$
$
$
$
$
$
$

17,908.77
4,448.21
5,747.19
22.02
4,305.68
1,140.33
11,844.68
9,394.20
807.33
4,306.11
2,059.45
61,983.97

$
$
$
$
$
$
$
$
$
$
$
$
$

0.26
0.13
0.18
0.23
0.81
0.15
0.32
0.08
0.08
0.17
0.18

$
$
$
$
$
$
$
$
$
$
$
$
$

113.86
57.43
78.13
99.00
352.71
63.59
140.13
34.52
34.40
72.89
78.95

89,774
46,761
289,742
182,993
431,975
364,931
168,483
148,908
1,723,567

206.0927
107.3485
665.1561
420.0941
991.6781
837.7663
386.7833
341.8457
3,956.7649

$
$
$
$
$
$
$
$
$
$

35,505.69
30,652.50
106,174.39
83,845.93
225,899.88
130,306.41
132,904.22
68,198.01
16,353.38
829,840.41

$
$
$
$
$
$
$
$
$
$

0.40
0.66
0.37
0.46
0.52
0.36
0.79
0.46
0.48

$
$
$
$
$
$
$
$
$
$

172.28
285.54
159.62
199.59
227.80
155.54
343.61
199.50
209.73

$
$
$
$
$
$

19,154.77
1,759.18
3,212.84
813.51
9,574.63
357.57
34,872.50 $

0.02 $

7.35

926,697

0.45 $

195.43

BOOSTER STATIONS - NO
ADDITIONAL
PRODUCTION
BOOSTERS 21A & B
HIGHLAND SPRINGS
NOBLE BOOSTER
UPPER EDGAR BOOSTER
12TH & PALM BOOSTERS
4A BOOSTER
TOTAL BOOSTER
STATIONS

2,065,575

4,741.9082 $

TOTALS

2,065,575

4,742 $

(1)

$

Data is still being aggregated and consolidated - SCE billing for some facilities can be
behind by a month or more

Year-To-Date Analysis of Electric Cost to Pump Groundwater
Through June 2023
BC
07.29.2026

Beaumont-Cherry Valley Water District
Year-To-Date Analysis of Electric Cost to Pump Groundwater
Through June 2022

WELL
CANYON WELLS
WELL RR1
WELL 4A
WELL 5
WELL 6
WELL 9A
WELL 10
WELL 11
WELL 12/13
WELL 14
WELL 18
WELL 19
WELL 20
TOTAL CANYON WELLS
CITY WELLS
WELL 3
WELL 16
WELL 21
WELL 22
WELL 23
WELL 24
WELL 25
WELL 26
WELL 29
TOTAL CITY WELLS

CCF Produced

AF Produced

Total Electric Bill Total Electric Bill
Total Electric Bill Per CCF Produced Per AF Produced

69,556
39,713
44,397
4,046
45,110
14,703
11,807
15,676
245,009

159.6786
91.1692
101.9219
9.2888
103.5588
33.7541
27.1051
35.9871
562.4637

$
$
$
$
$
$
$
$
$
$
$
$
$

14,783.53
3,776.14
5,688.48
53.46
368.13
2,555.24
8,714.62
5,982.00
368.13
2,952.61
2,266.97
47,509.31

$
$
$
$
$
$
$
$
$
$
$
$
$

0.21
0.10
0.13
0.63
0.19
0.41
0.25
0.14
0.19

$
$
$
$
$
$
$
$
$
$
$
$
$

92.58
41.42
55.81
275.09
84.15
177.22
108.93
62.99
84.47

184,644
130,651
392,474
274,879
129,671
524,756
723,005
238,608
199
2,598,887

423.8843
299.9334
900.9963
631.0354
297.6837
1,204.6740
1,659.7920
547.7686
0.4568
5,966.2245

$
$
$
$
$
$
$
$
$
$

57,084.08
49,082.54
117,778.68
92,421.40
71,187.27
175,209.27
207,007.78
80,612.01
5,437.25
855,820.28

$
$
$
$
$
$
$
$
$
$

0.31
0.38
0.30
0.34
0.55
0.33
0.29
0.34
27.32
0.33

$
$
$
$
$
$
$
$
$
$

134.67
163.64
130.72
146.46
239.14
145.44
124.72
147.16
143.44

$
$
$
$
$
$

46,381.54
2,568.97
7,788.11
879.33
14,374.09
383.72
72,375.76 $

0.03 $

11.09

975,705

0.34 $

149.45

BOOSTER STATIONS - NO
ADDITIONAL
PRODUCTION
BOOSTERS 21A & B
HIGHLAND SPRINGS
NOBLE BOOSTER
UPPER EDGAR BOOSTER
12TH & PALM BOOSTERS
4A BOOSTER
TOTAL BOOSTER
STATIONS

2,843,897

6,528.6883 $

TOTALS

2,843,897

6,529 $

Year-To-Date Analysis of Electric Cost to Pump Groundwater
Through June 2022
BC
07.29.2026

$

Beaumont-Cherry Valley Water District
Regular Board Meeting
August 12, 2026

Item 2d

STAFF REPORT
TO:

Board of Directors
Acting as the Legislative Body of Community Facilities District No. 2025-1
(Public Services)

FROM:

Dan Jaggers, General Manager

SUBJECT:

Annual Special Tax Levy Summary for the 2026-27 County tax year,
Acknowledging that the Levy has been calculated in accordance with the
adopted Rate and Method of Apportionment and submitted to the County
of Riverside for Placement on the Secured Tax Roll

Staff Recommendation
Receive and file.
Executive Summary
This informational item advises the Board that, pursuant to the authority previously granted
through the formation of Community Facilities District No. 2025-1, adoption of the Rate and
Method of Apportionment, and the CFD ordinance, the CFD Administrator has completed the
annual determination of the Special Tax Requirement and transmitted the resulting levy to the
Riverside County Auditor-Controller for inclusion on the 2026-27 secured property tax roll. This
report provides a public administrative record of that annual action.
Because the CFD was formed in January 2026, the 2026–27 tax year is the earliest practicable
levy year. The levy will fund authorized operations, maintenance, replacement, and administrative
costs of the facilities without impact to the District’s general fund.
Background
On January 14, 2026, the Board of Directors adopted resolutions forming Community Facilities
District No. 2025-1 (Public Services) (“CFD 2025-1”), and certifying the results of the landowner
election, and adopted an ordinance authorizing the levy of special taxes within the CFD pursuant
to the Mello-Roos Community Facilities Act of 1982 (Government Code §53311 et seq.).
CFD 2025-1 was established to finance the operations, maintenance, and replacement of District
potable and non-potable water infrastructure serving the Beaumont Pointe development, together
with authorized administrative expenses, as described in the Engineer’s Report and the Rate and
Method of Apportionment of Special Tax (“Rate and Method”).
The authorizing ordinance permits the Board, acting as the legislative body of the CFD, to levy
special taxes annually in amounts determined in accordance with the Rate and Method and to
cause those taxes to be placed on the County tax roll.
Although the adopted Rate and Method delegates the annual levy calculation to the CFD
Administrator, staff believes it is beneficial to provide the Board with an annual report summarizing
the levy transmitted to the County. This practice promotes transparency, provides a permanent

public record of the annual levy determination, and allows the Board to monitor the financial
administration of the CFD without requiring additional legislative action.
Discussion
Annual Levy Requirement
Government Code §53340 provides that the legislative body of a community facilities district shall
levy the special tax each year in accordance with the authorizing ordinance and the approved
Rate and Method.
Upon formation of CFD No. 2025-1, the Board adopted the Rate and Method of Apportionment,
which provides that, commencing with Fiscal Year 2025-26 and each subsequent fiscal year, the
CFD Administrator shall determine the Special Tax Requirement and levy the Special Tax in the
amount necessary to satisfy that requirement, subject to the maximum special tax applicable to
each parcel classification. The Rate and Method therefore establishes an ongoing administrative
process for calculating and levying the annual special tax without requiring the Board to readopt
the authority each year.
Although the annual levy is determined administratively pursuant to the adopted Rate and
Method, many California agencies present the annual levy to their governing board as a matter
of transparency, to establish a clear public record, and to authorize transmittal of the levy
information to the County Auditor-Controller for placement on the secured tax roll. This staff report
serves that purpose.
Levy Determination
Staff reviewed the estimated costs of authorized public services, replacement funding needs,
administrative expenses, and an allowance for delinquencies for the upcoming levy year.
Pursuant to the adopted Rate and Method of Apportionment, the CFD Administrator has
determined the Special Tax Requirement for the 2026-27 County tax year and prepared the
accompanying Annual Special Tax Levy Summary. The proposed levy has been calculated in
accordance with the adopted Rate and Method and does not exceed the maximum special tax
authorized for any parcel.
The levy is necessary to fund the authorized purposes of CFD 2025-1 and to ensure the ongoing
operation and maintenance of District infrastructure serving the development.
Fiscal Impact
This report includes levy and collection of special taxes within CFD 2025-1 for the 2026-27 County
tax year. Special tax revenues will be deposited into CFD-specific funds and used solely for
authorized public services, replacement funding, and administrative expenses as set forth in the
Engineer’s Report and Rate and Method. There is no impact to the District’s general fund.
Attachments
1. Annual Special Tax Levy Summary Fiscal Year 2026-2027
2. 2026 Compliance Letter
Staff Report prepared by Lynda Kerney, Executive Assistant

G$WWDFKPHQW
Beaumont-Cherry Valley Water District
CFD 2025-1 Preliminary Special Tax Summary
Fiscal Year 2026/27

Parcel
Classification

Parcel
Count

Total
Acres

Total
Maximum
Special Tax

Undeveloped

11

541.08

$1,387,852.31

Total
Special Tax
Levy
$197,668.74

G$WWDFKPHQW

Beaumont-Cherry Valley Water District
Regular Board Meeting
August 12, 2025

Item 2e

STAFF REPORT
TO:

Board of Directors

FROM:

Dan Jaggers, General Manager

SUBJECT:

California Special Districts Association Opportunities for Involvement:
Committees and Expert Teams

Staff Recommendation
None. Information only.
Background
The Beaumont-Cherry Valley Water District is a member of the California Special Districts
Association (CSDA), a non-profit organization formed to promote good governance and improved
core local services through professional development, advocacy and other services for all types
of independent special districts. The CSDA is governed by an 18-member Board of Directors
elected from the membership in six geographic networks. BCVWD is part of the Southern
Network.
The Board of Directors has previously indicated interest in providing representation for the
Beaumont area to the organization.
An interested member of the BCVWD Board may consider attendance at CSDA events, joining a
committee, volunteering for one of the Expert Feedback Teams, and/or taking CSDA training
courses. This is the time of year when CSDA seeks new volunteers for the committees and Expert
Feedback teams.
Summary
The CSDA has announced its annual request for volunteers to serve on committees and Expert
Feedback Teams.
Committees need dedicated participants who can expend the time to provide expertise in directing
the activities and policies of CSDA. Committee participation requires certain time commitments and
attendance. Committees are:
x
x
x
x
x
x

Legislative Committee: Develops CSDA’s legislative agenda.
Professional Development Committee: Provides direction for professional development and
events.
Member Services Committee: Supports member recruitment and retention efforts.
Audit Committee: Maintains and updates internal controls.
Elections & Bylaws Committee: Conducts annual elections and occasional bylaws reviews.
Fiscal Committee: Oversees the financial direction of the organization.

Expert Feedback Teams provide input to CSDA advocacy staff on specific areas of public policy
facing special districts. Team members need only reply to periodic emails with their thoughts,
opinions, and experiences. Expert feedback team members will not be required to travel; they
should expect to receive a handful of e-mails each month and, on rare occasions, they may be
contacted by phone. Expert Feedback Teams are:
x
x
x
x

Environment
Revenue
Legal
Governance

x
x
x

Formation and Reorganization
Human Resources and Personnel
Public Works and Facilities

Directors interested in serving may obtain more information including requirements and time
commitments and submit an interest form online here:
https://www.csda.net/about-csda/get-involved
Interest forms must be submitted by 5 p.m. on October 2, 2026.
Fiscal Impact
If a BCVWD Board member or staffer were selected to serve on a Committee, some expenses
would be incurred to fulfill the duties of the office or commitment. If approved by the Board*, the
fiscal impact to the District would include travel, accommodations and meals, transportation
expenses to / from CSDA meetings, conferences and trainings, any registration fees, and
potential additional expenses incurred that are not reimbursed to the Committee member by
CSDA. In addition, some Board member attendance is likely compensable under BCVWD policy,
and/or the Board may approve per diem compensation for a director’s participation.
* Currently, CSDA events are preapproved via the annual 2026 BCVWD Preapproved Events List, Table
A, Line 10

Attachments
1. 2026 CSDA Committee & Expert Feedback Team Participation and Committee List
Report prepared by Lynda Kerney, Executive Assistant

Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures at the end of the statement.

Chandler Team:
For questions about your account, please call (800) 317-4747,
or contact [email protected]

CHANDLER ASSET MANAGEMENT | chandlerasset.com

Beaumont-Cherry Valley Water District | As of June 30, 2026

INVESTMENT REPORT

TRANSACTIONS

PORTFOLIO HOLDINGS

CONSOLIDATED INFORMATION

ACCOUNT PROFILE

ECONOMIC UPDATE

TABLE OF CONTENTS

1

ECONOMIC UPDATE

2

The Federal Reserve’s June FOMC meeting ended with policymakers unanimously holding the target range at 3.50%–3.75%, a notable shift
from the 8–4 split at April’s meeting, which marked Jerome Powell’s final session as Chair. Under new Chair Kevin Warsh, sworn in on May
22, the Committee released an unusually concise statement that referenced Middle East tensions and energy supply disruptions while
removing prior forward guidance that had suggested a bias toward rate cuts. Updated projections leaned more hawkish, with 9 of 18
officials expecting at least one rate hike this year and 6 anticipating multiple increases. The shift signals that restoring price stability has
reemerged as the central focus of monetary policy deliberations.

The Treasury yield curve flattened modestly in June as short-term yields responded to a more hawkish shift in Federal Reserve guidance.
The 2-year yield rose to 4.15% from 3.98% the prior month, while the 10-year yield edged down slightly to 4.44% from 4.45%. As a result,
the 2s/10s spread narrowed to 29 basis points, down from roughly 47 basis points a month earlier and significantly below the 69 basis
point spread at the start of the year. Meanwhile, the 3-month/10-year spread remained positive at 64 basis points. Front-end rates
absorbed the bulk of the Fed’s updated rate outlook, while longer maturities were partly anchored by a late-month decline in oil prices.

ƒ

ƒ

3

Energy prices and inflation remained the primary drivers of the macro backdrop as the U.S.-Israel-Iran conflict entered its third month,
disrupting global oil supply. Headline CPI accelerated at the fastest pace in more than three years, reflecting volatility in the energy
component. Crude oil, however, retraced roughly 20% from its May–early June peak as diplomatic progress between the United States and
Iran pointed to a potential framework for de-escalation. The labor market remained resilient, with continued payroll growth and subdued
jobless claims. Risk assets held firm, as equities hovered near record highs and credit spreads remained historically tight amid broadly
better-than-expected corporate earnings. Taken together, the current market environment has further constrained the case for near-term
monetary policy easing, leading the Chandler team to push out its expected timing for rate cuts beyond the six-month investment horizon.

ƒ

ECONOMIC UPDATE

Source: US Department of Labor

Unemployment Rate (U3)

Underemployment Rate (U6)

Unemployment Rate

4

Nonfarm payrolls increased by just 57,000 in June, well below the 113,000 consensus and marking a sharp slowdown from May’s pace. The
unemployment rate edged down to 4.2%, though the decline was driven by a drop in labor force participation to 61.5%, its lowest level
since March 2021. Revisions further weakened the report’s signal. April payrolls were revised down by 31,000 to 148,000, while May was
lowered by 43,000 to 129,000, resulting in a combined two-month downward revision of 74,000.

Source: US Department of Labor

0.0%

4.0%

6.0%

8.0%

10.0%

-400

3-month average (000's)

12.0%

2.0%

0

200

400

600

800

Non-farm Payroll (000's)

Nonfarm Payroll (000's)

-200

MOM Change In Thousands (000's)

1,000

EMPLOYMENT

Rate (%)

Source: US Department of Labor

Historical Average

Recession

Job Openings

5

Job openings were essentially unchanged at 7.6 million in May, remaining elevated by historical standards even as hiring momentum
moderates. Gains in wholesale trade and accommodation and food services were offset by declines in health care and social assistance, as
well as finance and insurance. April openings were revised down by 33,000 to 7.6 million, while hires were revised up by 99,000,
highlighting ongoing churn but a broadly stable labor market backdrop.

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

JOB OPENINGS & LABOR TURNOVER SURVEY

In Thousands (000's)

Price Per Barrel (WTI Spot)

West Texas Intermediate (WTI Spot
Cushing)
Dated Brent (Global Spot)

Oil Prices

2.00

2.50

3.00

3.50

4.00

4.50

5.00

5.50

6.00

6.50

Source: Bloomberg Indices

Average Retail Price US Diesel
Average Retail Price US Gas

US Fuel Prices

6

Crude oil prices declined sharply in June as supply disruptions tied to the Middle East conflict began to ease. Tanker traffic through the
Strait of Hormuz normalized, and signs of progress in U.S.–Iran negotiations helped unwind the geopolitical risk premium that had driven
prices higher earlier in the year. West Texas Intermediate settled near $69.37 per barrel on June 30, while Brent crude closed around
$72.96, both well below their recent peaks. Brent’s 21% monthly decline marked its steepest drop since March 2020, while WTI fell more
than 20%, its largest monthly loss since late 2021. Beyond crude, broader energy markets also softened. Refined product cracks narrowed
as gasoline and diesel demand showed signs of seasonal moderation, while U.S. natural gas prices remained range-bound amid ample
storage and steady production. Taken together, the retracement in oil and broader energy prices reflects a rapid compression in
geopolitical risk premia and improved near-term supply visibility, even as underlying structural risks in the region remain unresolved.

Source: Bloomberg Indices

40

60

80

100

120

140

160

ENERGY MARKETS

($) Per Gallon

Source: US Department of Labor

0.0%

0.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

1.0%

Core CPI YOY %
Change

8.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

CPI YOY % Change

Consumer Price Index (CPI)

Source: US Department of Commerce

PCE Price Deflator YOY %
Change
PCE Core Deflator YOY %
Change
Fed Target

Personal Consumption Expenditures (PCE)

7

Inflation decelerated sharply in June, with the Consumer Price Index falling 0.4% on the month—its largest decline since the onset of the
pandemic in 2020—and bringing the annual rate down to 3.5% from 4.2% in May. Core CPI (excluding food and energy) was flat on the
month and rose 2.6% year over year, both coming in softer than expected after energy-driven pressures pushed inflation to a three-year
high earlier in the quarter. The CPI report suggests at least a near-term reprieve in inflation. However, the latest available Personal
Consumption Expenditures (PCE) price index tells a firmer story: headline PCE rose 0.4% in May and 4.1% year over year, up from 3.8% in
April and marking the highest annual rate of the current cycle. Core PCE increased 0.3% on the month and 3.4% over the year. Energy prices
remained the primary driver of recent headline acceleration, reflecting supply disruptions tied to the Iranian conflict, although price
volatility remains elevated.

YOY (%) Change

10.0%

INFLATION

YOY (%) Change

20
0

0.0%

40

60

80

100

120

140

160

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

Retail Sales YOY % Change

Source: The Conference Board
All time high is 144.70 (1/31/00); All time low is 25.30 (2/28/09)

Recession

Consumer Confidence

8

Retail sales presented a firmer picture of consumer spending in June, rising 0.2% on the month and 6.7% year over year, while May’s gain
was revised up to 1.0%. The control group, which feeds directly into GDP, increased a solid 0.5%, suggesting demand remains more
resilient than sentiment alone would indicate. Consumer confidence improved modestly, with the Conference Board’s index edging up 0.6
points to 91.2 in June. However, the headline gain obscures continued weakness in labor market perceptions, as the share of respondents
reporting jobs as “hard to get” climbed to a five-and-a-half-year high. Overall, spending has remained notably more resilient than
sentiment in recent months.

Source: US Department of Commerce

YOY (%) Change

CONSUMER

Index Level

-5.0%

0.0%

5.0%

-1.00

Source: Federal Reserve Bank of Chicago

Recession

Chicago Fed National Activity Index (CFNAI)

9

The Conference Board’s Leading Economic Index (LEI) edged up 0.1% in May to 99.3, following a revised 0.2% increase in April. Despite the
monthly gains, the LEI’s six- and twelve-month growth rates remained negative at -0.6% and -1.5%, respectively. The advance was driven
primarily by financial components, including equity prices and the interest rate spread, while consumer expectations continued to weigh on
the index. The Chicago Fed National Activity Index fell to -0.10 in May from an upwardly revised 0.19 in April. Production-related and
employment-related indicators each subtracted from the index, while the sales, orders, and inventories category made a small positive
contribution.

Source: The Conference Board

-25.0%

-0.75

-20.0%

Recession

-0.50

-0.25

0.00

0.25

0.50

0.75

1.00

-15.0%

-10.0%

YOY (%) Change

10.0%

15.0%

Leading Economic Indicators (LEI)

LEADING INDICATORS OF ECONOMIC ACTIVITY

3 Month Average

2,400
2,200
2,000
1,800
1,600
1,400
1,200
1,000
800
600
400
200
0

HOUSING

Multi Family Housing Starts
Single Family Housing Starts

24.0%
20.0%
16.0%
12.0%
8.0%
4.0%
0.0%
-4.0%
-8.0%
-12.0%
-16.0%
-20.0%

Source: S&P

Recession

S&P/Case-Shiller 20 City Composite Home Price Index

10

Housing starts rebounded in June, rising to a seasonally adjusted annual rate of 1.427 million—a 19% increase from an upwardly revised
1.199 million in May. The gain was driven primarily by multifamily construction, with starts surging more than 76% month over month to
532,000 units, while single-family starts edged down slightly to 895,000. Home price growth showed tentative signs of firming, as the S&P
CoreLogic Case-Shiller 20-City Composite rose 1.1% year over year in April, marking its first acceleration since November 2025 and
following an upwardly revised 0.9% increase in March. Meanwhile, borrowing costs remained elevated, with Freddie Mac’s average 30-year
fixed mortgage rate ticking up to 6.49% in June from 6.44% in May, continuing to weigh on affordability for prospective buyers.

Source: US Department of Commerce

In Thousands of Units

Annualized Housing Starts

YOY (%) Change

Source: Institute for Supply Management

CONTRACTING

EXPANDING

ISM Manufacturing

Institute of Supply Management (ISM) Surveys
ISM Services

11

Manufacturing activity cooled slightly in June, with the Institute for Supply Management's Manufacturing Index easing to 53.3%, down 0.7
percentage point from May but still marking a sixth consecutive month of expansion. Services activity also moderated, as the ISM Services
Index eased to 54.0% from 54.5%, a twenty-fourth consecutive month in expansion territory. Business activity and new orders both slowed,
though the employment component jumped to 51.2% from 47.9%, its strongest reading since late 2021 and the first expansion in services
hiring in four months.

40

45

50

55

60

65

70

PURCHASING MANAGERS INDEX (PMI)

1.7%
-2.7%
4.8%
-0.4%
0.3%
3.8%

Personal Consumption Expenditures

Gross Private Domestic Investment

Net Exports and Imports

Federal Government Expenditures

State and Local (Consumption and Gross
Investment)

Total
4.4%

0.2%

0.2%

1.6%

0.0%

2.3%

9/25

0.5%

0.2%

-1.2%

-0.2%

0.4%

1.3%

12/25

2.1%

0.2%

0.6%

-0.4%

1.4%

0.4%

3/26

Source: US Department of Commerce

-2.0%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%
GDP QOQ % Change
GDP YOY % Change

Gross Domestic Product (GDP)

12

Real gross domestic product increased at an annualized rate of 2.1% in the first quarter of 2026, according to the Bureau of Economic
Analysis’ third estimate, up from 1.6% in the prior estimate and an acceleration from 0.5% in the fourth quarter of 2025. The 0.5 percentage
point upward revision was driven primarily by a downward revision to imports—which subtract from GDP—partly offset by a downward
revision to consumer spending.

Source: US Department of Commerce

6/25

Components of GDP

GROSS DOMESTIC PRODUCT (GDP)

Source: Federal Reserve

0

Source: Bloomberg

0.00%

1.00%

1,000,000

2,000,000

3.00%

4.00%

5.00%

2.00%

Recession

6.00%

3,000,000

4,000,000

5,000,000

6,000,000

7,000,000

8,000,000

9,000,000

Federal Reserve Balance Sheet Assets
Recession

Effective Federal Funds Rate

13

The Federal Open Market Committee (FOMC) held the target range for the federal funds rate at 3.50% to 3.75% at its June 16–17 meeting,
with a unanimous 12–0 vote. This marked a notable shift from the April meeting—Jerome Powell’s last as chair—which saw four dissents in
an 8–4 decision. The return to consensus under Chair Kevin Warsh signals a clear change in tone. Minutes from the June meeting are
scheduled for release in early July. The June Summary of Economic Projections reflected a more hawkish outlook. The median projection for
the federal funds rate at year-end 2026 rose to 3.8%, up from 3.4% in March, before easing to 3.6% in 2027 and 3.4% in 2028. Officials also
revised their inflation forecasts, with headline PCE projected at 3.6% in 2026 (from 2.7%) and core PCE at 3.3%. By contrast, median
projections for real GDP growth and the unemployment rate—2.2% and 4.3%, respectively—were little changed.

In $ millions

10,000,000

FEDERAL RESERVE

Yield (%)

Source: Bloomberg

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

US Treasury Note Yields

2-Year
5-Year
10-Year
2.0%

2.5%

3.0%

3.5%

4.0%

4.5%

5.0%

5.5%

Source: Bloomberg

US Treasury Yield Curve

Jun-26
Mar-26
Jun-25

14

Treasury yields ended June mixed, with a modest flattening across the curve as markets digested a more hawkish Federal Reserve signal.
The 2-year yield rose to 4.15% from 3.98% at the end of May, while the 10-year yield edged down to 4.44% from 4.45%. The 2s/10s spread
narrowed to 29 basis points, down from 47 basis points a month earlier. The 3-month/10-year spread remained positive at roughly 64 basis
points at month-end. Relative to the 69 basis point spread at the start of 2026, the curve has flattened materially year to date, reflecting a
repricing higher in front-end rates as expectations shift toward the possibility of further Fed tightening rather than easing.

Yield (%)

BOND YIELDS

Yield (%)

ACCOUNT PROFILE

,WHPI

15

Strategy
In order to achieve this objective, the portfolio invests in high-quality fixed income securities
that comply with the investment policy and all regulations governing the funds.

Chandler Asset Management Performance Objective
The performance objective for the portfolio is to earn a total rate of return through a market
cycle that is equal to or above the return on the benchmark index.

Investment Objectives
Beaumont-Cherry Valley Water District's investment objectives, in order of priority, are to
provide safety to ensure the preservation of capital in the overall portfolio, provide sufficient
liquidity for cash needs and a market rate of return consistent with the investment program.

OBJECTIVES

16

5.0
0.0

Min Rating (AA- by 1)

5.0
5
0.0

Max % Issuer (MV)

Max Maturity (Years)

Min Rating (AA- by 1)

180
0.0

Max Maturity (Days)

Min Rating (A-1 by 1)

5.0
270
0.0

Max % Issuer (MV)

Max Maturity (Days)

Min Rating (A-1 by 1 or A- by 1)
30.0
5.0
5
0.0

Max % (MV)

Max % Issuer (MV)

Max Maturity (Years)

Min Rating (A- by 1)

CORPORATE MEDIUM TERM NOTES

25.0

5.0

Max % (MV)

COMMERCIAL PAPER

Max % Issuer (MV)

COLLATERALIZED TIME DEPOSITS (NONNEGOTIABLE CD/TD)

Max % (MV)

50.0

5.0

Max % Issuer (MV)

CERTIFICATE OF DEPOSIT PLACEMENT SERVICE
(CDARS)

40.0

Max % (MV)

BANKERS' ACCEPTANCES

20.0

Max % (MV; ABS, CMO & MBS)

ASSET-BACKED SECURITIES (ABS)

20.0

Max Maturity (Years)

Limit

0.0

4

0.7

13.4

0.0

57

0.5

0.5

0.0

0.0

0.0

0.0

0.0

0.0

0.0

4

0.7

9.1

0.0

3.0

9.1

Actual

| As of June 30, 2026

Max % (MV; ABS, CMO & MBS)

AGENCY MORTGAGE SECURITIES

Rules Name

BCVWD Consolidated |

STATEMENT OF COMPLIANCE

Compliant

Compliant

Compliant

Compliant

Compliant

Compliant

Compliant

Compliant

Compliant

Compliant

Compliant

Compliant

Compliant

Compliant

Compliant

Compliant

Compliant

Compliant

Compliant

Compliant

Compliant

Compliance
Status
Notes

17

0.0

Min Rating (AAA by 2)

0.0

Max Maturity (Years)

Min Rating (AA- by 1)

5

Max Maturity (Years)

5

Max Maturity (Years)

5.0
5

Max % Issuer (MV)

Max Maturity (Years)

1.0

Max Maturity (Years)
20.0
92.0

Max % (MV)

Max Maturity (Days)

REVERSE REPURCHASE AGREEMENTS

10.0

Max % (MV)

REPURCHASE AGREEMENTS

30.0

Max % (MV)

NEGOTIABLE CERTIFICATES OF DEPOSIT (NCD)

5.0

Max % Issuer (MV)

MUNICIPAL SECURITIES (CA, OTHER STATES)

5.0

Max % Issuer (MV)

MUNICIPAL SECURITIES (CA, LOCAL AGENCY)

5.0
5.0

Max % Issuer (MV)

20.0

Max % (MV)

MORTGAGE-BACKED SECURITIES (NON-AGENCY)

20.0

0.0

Max % (MV)

MONEY MARKET MUTUAL FUNDS

Min Rating (AA- by 1)

LOCAL GOVERNMENT INVESTMENT POOL (LGIP)

100.0
5

Max Maturity (Years)

Limit

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.2

0.0

2

7.0

Actual

| As of June 30, 2026

Max % (MV)

FEDERAL AGENCIES

Rules Name

BCVWD Consolidated |

STATEMENT OF COMPLIANCE

Compliant

Compliant

Compliant

Compliant

Compliant

Compliant

Compliant

Compliant

Compliant

Compliant

Compliant

Compliant

Compliant

Compliant

Compliant

Compliant

Compliant

Compliant

Compliant

Compliant

Compliance
Status
Notes

18

5.0
5
0.0

Max % Issuer (MV)

Max Maturity (Years)

Min Rating (AA- by 1)
100.0
5

Max % (MV)

Max Maturity (Years)

U.S. TREASURIES

30.0

Limit

4

17.5

0.0

3

0.4

0.7

Actual

| As of June 30, 2026

Max % (MV)

SUPRANATIONAL OBLIGATIONS

Rules Name

BCVWD Consolidated |

STATEMENT OF COMPLIANCE

Compliant

Compliant

Compliant

Compliant

Compliant

Compliant

Compliance
Status
Notes

19

*Benchmark: ICE BofA 1-3 Year US Treasury Index
**The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch.

Total Market Value

AA+

Average Quality**
42,839,590

AA+

4.25%

4.15%

Average Market Yield

1.78
4.27%

1.75

Average Modified Duration

2.18

Average Purchase Yield

1.84

6/30/2026
Portfolio

| As of June 30, 2026
Benchmark*

Average Maturity (yrs)

Beaumont-Cherry Valley Water District |

PORTFOLIO CHARACTERISTICS

42,310,687

AA+

3.98%

4.27%

1.82

2.24

3/31/2026
Portfolio

20

27.54%
14.49%
10.87%
8.02%
1.38%
1.11%
0.44%

Corporate

Agency

ABS

Agency CMBS

Supras

Comm Paper

Money Mkt Fd

06/30/2026
36.15%

| As of June 30, 2026

US Treasury

Sector

Sector as a Percentage of Market Value

Beaumont-Cherry Valley Water District |

SECTOR DISTRIBUTION

21

2.14%

1.11%

1.41%

8.26%

10.74%

13.61%

27.66%

35.06%

03/31/2026

ABS
Corporate
Corporate
ABS
Corporate
Corporate

The Goldman Sachs Group, Inc.

PACCAR Inc

WF Card Issuance Trust

U.S. Bancorp

Toyota Motor Corporation

Corporate

Target Corporation

Chase Issuance Trust

Corporate

Florida Power & Light

Corporate

Corporate

Blackrock, Inc.

Corporate

Corporate

Morgan Stanley

State Street Corporation

Corporate

Alphabet Inc.

Northern Trust Corporation

Comm Paper

Corporate

Realty Income Corporation

Mizuho Financial Group, Inc.

Corporate

Amazon.com, Inc.

ABS

Corporate

Bank of America Corporation

Corporate

Corporate

Caterpillar Inc.

Eli Lilly and Company

Corporate

Walmart Inc.

John Deere Owner Trust

Corporate

ABS

GM Financial Auto Leasing Trust

NVIDIA Corporation

Corporate

JPMorgan Chase & Co.
ABS

Agency

Federal Home Loan Banks

ABS

Agency

Farm Credit System

Hyundai Auto Receivables Trust

Agency CMBS

Federal Home Loan Mortgage Corp

Toyota Auto Receivables Owner Trust

Investment Type
US Treasury

United States

| As of June 30, 2026

Issuer

Beaumont-Cherry Valley Water District |

ISSUERS

22

0.81%

0.84%

0.85%

0.86%

0.93%

0.97%

1.04%

1.06%

1.06%

1.06%

1.06%

1.06%

1.08%

1.11%

1.11%

1.12%

1.12%

1.16%

1.17%

1.17%

1.18%

1.21%

1.23%

1.24%

1.44%

1.48%

7.20%

7.29%

8.02%

36.15%

% Portfolio

Money Mkt Fd
Corporate
Corporate
ABS
Corporate
ABS
Cash

First American Govt Oblig Fund

BNY Mellon Corp

UnitedHealth Group Incorporated

Mercedes-Benz Auto Lease Trust

Merck & Co., Inc.

Mercedes-Benz Auto Receivables Trust

Cash

TOTAL

ABS

Bank of America Credit Card Trust

Supras

International Bank for Recon and Dev

ABS

Corporate

Abbvie Inc.

ABS

Corporate

The Home Depot, Inc.

BMW Vehicle Owner Trust

Corporate

Wells Fargo & Company

Ford Credit Auto Owner Trust

Corporate

Salesforce, Inc.

Corporate

PepsiCo, Inc.

ABS

Corporate

Visa Inc.

Wells Fargo & Company

ABS

Honda Auto Receivables Owner Trust

Corporate

Corporate

American Express Company

ABS

Corporate

Deere & Company

BMW Vehicle Lease Trust

Supras

International Finance Corporation

Public Storage OP, LP

Investment Type

| As of June 30, 2026

Issuer

Beaumont-Cherry Valley Water District |

ISSUERS

23

100.00%

0.00%

0.02%

0.26%

0.27%

0.27%

0.32%

0.44%

0.46%

0.55%

0.55%

0.57%

0.59%

0.59%

0.63%

0.65%

0.69%

0.69%

0.70%

0.71%

0.76%

0.79%

0.80%

0.80%

0.81%

% Portfolio

8.71%

66.18%

18.53%

1.56%

--

1.10%

3.92%

AA

A

BBB

A-1+

A-1

NA

06/30/2026

AAA

Rating

S&P Rating

2.98%

1.10%

1.17%

1.59%

19.71%

62.21%

11.24%

03/31/2026

Beaumont-Cherry Valley Water District |

QUALITY DISTRIBUTION

NA

P-1

A

Aa

Aaa

Rating

Moody’s Rating

4.87%

1.10%

17.49%

67.40%

9.15%

06/30/2026

| As of June 30, 2026

5.23%

2.27%

18.64%

63.46%

10.40%

03/31/2026

NA

F1+

A

AA

AAA

Rating

Fitch Rating

15.73%

--

7.93%

60.53%

15.81%

06/30/2026

24

15.13%

1.17%

7.94%

58.62%

17.14%

03/31/2026

3.0%
0.0%

ICE BofA 1-3 Year US Treasury Index

0-.25

Portfolio

Portfolio Compared to the Benchmark

Beaumont-Cherry Valley Water District |

DURATION DISTRIBUTION

0.0%

5.9%

.25-.5

4.0%

20.5%

.5-1

| As of June 30, 2026

58.3%

31.5%

1-2

37.7%

27.7%

2-3

0.0%

9.2%

3-4

0.0%

2.3%

4-5

0.0%

0.0%

5-7

25

0.0%

0.0%

7+

0.39%

0.54%

3 Months

2.94%

3.36%

12 Months

| As of June 30, 2026

4.30%

4.65%

2 Years

4.37%

4.75%

3 Years

5 Years

10 Years

2.98%

3.57%

Since Inception

*Periods over 1 year are annualized.
Total rate of return: A measure of a portfolio’s performance over time. It is the internal rate of return, which equates the beginning value of the portfolio with the ending market value; it includes interest earnings, realized
26
and unrealized gains and losses in the portfolio.
Benchmark: ICE BofA 1-3 Year US Treasury Index

Benchmark

Beaumont-Cherry Valley WD

TOTAL RATE OF RETURN*

Total Rate of Return: Inception | 04/01/2022

Beaumont-Cherry Valley Water District |

INVESTMENT PERFORMANCE

3.81%
3.81%
AAA
45,518,565

Average Purchase Yield

Average Market Yield

Average Quality**

Total Market Value

*Benchmark: NO BENCHMARK REQUIRED
**The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch.

0.00

Average Modified Duration

6/30/2026
Portfolio
0.00

| As of June 30, 2026

Average Maturity (yrs)

BCVWD - Reporting Portfolio |

PORTFOLIO CHARACTERISTICS

45,083,317

AAA

3.81%

3.81%

0.00

0.00

3/31/2026
Portfolio

27

16.75%
0.78%

LGIP

Cash

06/30/2026
82.47%

| As of June 30, 2026

LAIF

Sector

Sector as a Percentage of Market Value

BCVWD - Reporting Portfolio |

SECTOR DISTRIBUTION

28

0.79%

16.75%

82.45%

03/31/2026

CONSOLIDATED INFORMATION

29

4.03%
4.02%
AA+
88,358,155

Average Purchase Yield

Average Market Yield

Average Quality**

Total Market Value

*Benchmark: NO BENCHMARK REQUIRED
**The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch.

0.86

Average Modified Duration

6/30/2026
Portfolio
1.05

| As of June 30, 2026

Average Maturity (yrs)

BCVWD Consolidated |

PORTFOLIO CHARACTERISTICS

87,394,004

AA+

3.89%

4.03%

0.88

1.08

3/31/2026
Portfolio

30

17.45%
13.30%
8.66%
7.00%
5.25%
3.87%
0.67%
0.54%

0.41%
0.21%

US Treasury

Corporate

LGIP

Agency

ABS

Agency CMBS

Supras

Comm Paper

Cash

Money Mkt Fd

06/30/2026
42.65%

| As of June 30, 2026

LAIF

Sector

Sector as a Percentage of Market Value

BCVWD Consolidated |

SECTOR DISTRIBUTION

31

1.03%

0.41%

0.54%

0.68%

3.98%

5.18%

6.56%

8.68%

13.34%

16.90%

42.70%

03/31/2026

PORTFOLIO HOLDINGS

32

7,786.17
185,000.00
105,000.00
143,317.93
180,000.00

62,952.90
65,167.38
230,000.00
99,323.61

232,821.03

195,000.00
190,000.00

MBART 2023-1 A3 4.51
11/15/2027

GMALT 2025-2 A3 4.58
05/22/2028

BMWLT 2025-1 A3 4.43
06/26/2028

HAROT 2024-1 A3 5.21
08/15/2028

GMALT 2025-3 A3 4.17
08/21/2028

CHAIT 2023-1 A 5.16 09/15/2028

JDOT 2024 A3 4.96 11/15/2028

HAROT 2024-2 A3 5.27
11/20/2028

GMALT 2026-1 A3 3.88
01/22/2029

HART 2024-A A3 4.99 02/15/2029

BMWOT 2024-A A3 5.18
02/26/2029

JDOT 2024-B A3 5.2 03/15/2029

BACCT 2024-1 A 4.93 05/15/2029

BMWLT 2026-1 A3 4.15
05/25/2029

TAOT 2024-D A3 4.4 06/15/2029

58770AAC7

362962AD4

096912AD2

437918AC9

379965AD8

161571HT4

47800RAD5

437930AC4

36273VAD7

448973AD9

096919AD7

47786WAD2

05522RDJ4

05594YAD8

89239TAD4

119,015.33

80,692.56

410,000.00

17,406.07

GMALT 2024-2 A3 5.39
07/20/2027

Security Description

Par Value/
Units

62,949.37
62,951.10

03/11/2024
5.12%

119,008.69
119,011.12

10/10/2024
4.51%

194,989.06
194,993.64

06/06/2024
4.93%

189,979.01
189,980.31

80,676.78
80,683.56

06/11/2024
5.81%

04/14/2026
4.85%

234,157.80
233,513.87

99,301.70
99,311.88

03/11/2024
5.05%

-4.92%

229,969.89
229,973.78

02/03/2026
4.11%

65,159.46
65,163.17

409,886.35
409,949.80

09/07/2023
5.23%

05/14/2024
5.27%

179,972.64
179,980.62

143,311.70
143,314.98

104,997.69
104,998.49

184,996.93
184,998.05

7,785.23
7,785.90

17,405.06
17,405.73

Cost Value
Book Value

08/05/2025
4.18%

02/13/2024
5.27%

06/03/2025
4.82%

05/20/2025
4.84%

01/18/2023
4.56%

05/07/2024
5.85%

Purchase
Date
Purchase
Yield

| As of June 30, 2026

36269WAD1

ABS

Cusip

Beaumont-Cherry Valley Water District |

HOLDINGS REPORT

100.05
4.37%

99.56
4.46%

100.65
4.21%

100.64
4.40%

100.51
4.33%

100.34
4.37%

99.29
4.44%

100.54
4.37%

100.37
4.44%

100.25
3.96%

99.89
4.33%

100.47
4.26%

100.13
4.31%

100.23
4.29%

100.06
4.00%

100.09
3.93%

Mkt
Price
Mkt
YTM

119,079.48
232.74

189,159.25
131.42

196,258.73
427.27

81,208.27
186.49

233,999.57
201.00

99,664.29
220.28

228,371.83
272.68

65,520.78
124.02

63,187.52
138.78

411,032.79
940.27

179,793.36
229.35

143,992.38
331.86

105,132.51
77.53

185,420.14
258.90

7,790.76
15.61

17,421.02
28.67

Market Value
Accrued Int.

0.28%
68.36

0.45%
(821.06)

0.46%
1,265.09

0.19%
524.71

0.55%
485.70

0.23%
352.41

0.54%
(1,601.95)

0.15%
357.61

0.15%
236.42

0.97%
1,082.99

0.42%
(187.26)

0.34%
677.41

0.25%
134.02

0.44%
422.08

0.02%
4.86

0.04%
15.29

% of Port.
Gain/Loss

Aaa/AAA
NA

Aaa/NA
AAA

Aaa/AAA
NA

Aaa/NA
AAA

Aaa/AAA
NA

NA/AAA
AAA

NA/AAA
AAA

NA/AAA
AAA

Aaa/NA
AAA

NA/AAA
AAA

NA/AAA
AAA

Aaa/AAA
NA

NA/AAA
AAA

NA/AAA
AAA

NA/AAA
AAA

NA/AAA
AAA

Moody's/
S&P/
Fitch

33

2.96
0.72

2.90
1.65

2.87
0.84

2.71
0.74

2.66
0.56

2.63
0.51

2.56
1.35

2.39
0.56

2.38
0.65

2.21
0.20

2.14
0.94

2.13
0.46

1.99
0.80

1.90
0.68

1.38
0.11

1.05
0.06

Maturity
Duration

115,000.00

TAOT 2025-A A3 4.64 08/15/2029

JDOT 2025 A3 4.23 09/17/2029

HAROT 252 A3 4.15 10/15/2029

HART 2025-B A3 4.36 12/17/2029

MBALT 2026-A A3 3.93
01/15/2030

WFCIT 2025-1 A 4.34 05/15/2030

JDOT 2026 A3 3.87 08/15/2030

TAOT 2026-A A3 3.86 09/15/2030

HART 2026-A A3 3.79 02/18/2031

WFCIT 2026-1 A 4.08 04/16/2029

89240JAD3

47800DAD6

437921AD1

44935XAD7

58770YAD3

92970QAJ4

47787DAD3

89240KAD0

448981AD2

92970QAK1

475,000.00
475,000.00
900,000.00

FEDERAL HOME LOAN BANKS
4.625 11/17/2026

FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.375 12/07/2026

FEDERAL HOME LOAN BANKS
2.125 12/11/2026

3133EPK79

3130A9YY1

4,623,482.97

295,000.00

270,000.00

170,000.00

140,000.00

360,000.00

125,000.00

195,000.00

3130AXU63

AGENCY

Total ABS

155,000.00

FORDO 2024-D A3 4.61
08/15/2029

34535VAD6
240,000.00

235,000.00

Security Description

Cusip

269,981.78
269,983.11
294,958.64
294,961.06
4,628,938.62
4,627,042.34

02/10/2026
4.30%
04/21/2026
4.12%

11/28/2023
4.60%

12/18/2023
4.22%

12/18/2023
4.23%

837,477.00
890,802.12

476,961.75
475,287.75

480,111.00
475,667.70

99.88
4.33%

169,985.52
169,986.89

01/13/2026
4.13%

4.61%

99.25
4.41%

139,975.19
139,976.81

99.16
4.05%

100.13
4.07%

100.24
3.96%

98.67
4.48%

99.04
4.43%

98.68
4.46%

100.03
4.36%

99.21
4.40%

100.03
4.37%

03/10/2026
4.49%

154,986.00
154,989.27

06/03/2025
4.36%

99.78
4.38%

364,570.31
363,180.15

124,986.04
124,989.65

04/29/2025
4.15%

99.88
4.35%

09/04/2025
3.87%

194,987.73
194,991.27

03/04/2025
5.09%

100.32
4.31%

114,977.20
114,979.72

239,990.38
239,993.39

01/22/2025
4.69%

100.30
4.32%

Mkt
Price
Mkt
YTM

01/13/2026
3.97%

234,992.46
234,995.02

Cost Value
Book Value

11/19/2024
4.66%

Purchase
Date
Purchase
Yield

| As of June 30, 2026
Par Value/
Units

Beaumont-Cherry Valley Water District |

HOLDINGS REPORT

892,408.50
1,062.50

475,601.83
1,385.42

476,130.03
2,685.07

4,617,956.57
8,108.22

292,775.70
534.93

266,413.86
454.80

168,367.49
291.64

138,145.84
240.80

360,111.60
694.40

114,095.30
200.87

155,047.59
300.36

124,724.88
230.56

194,758.40
366.60

240,775.44
494.93

235,707.82
481.49

Market Value
Accrued Int.

2.10%
1,606.38

1.12%
314.08

1.12%
462.33

10.87%
(9,085.77)

0.69%
(2,185.36)

Aa1/AA+
AA+

Aa1/AA+
AA+

Aa1/AA+
AA+

Aaa/NA
AAA

NA/AAA
AAA

Aaa/AAA
NA

0.40%
(1,619.40)
0.63%
(3,569.25)

Aaa/NA
AAA

NA/AAA
AAA

Aaa/NA
AAA

NA/AAA
AAA

Aaa/NA
AAA

Aaa/NA
AAA

Aaa/NA
AAA

Aaa/NA
AAA

Moody's/
S&P/
Fitch

0.33%
(1,830.97)

0.85%
(3,068.55)

0.27%
(884.43)

0.36%
58.32

0.29%
(264.77)

0.46%
(232.88)

0.57%
782.06

0.55%
712.80

% of Port.
Gain/Loss

34

0.45
0.44

0.44
0.43

0.38
0.37

3.00
1.19

2.79
2.58

4.64
2.01

4.21
1.80

4.13
2.38

3.87
1.76

3.54
1.78

3.47
1.20

3.29
1.14

3.22
1.47

3.13
0.86

3.13
0.90

Maturity
Duration

750,000.00
800,000.00
470,000.00
325,000.00
750,000.00

FEDERAL HOME LOAN BANKS 4.75
04/09/2027

FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.125 08/23/2027

FEDERAL FARM CREDIT BANKS
FUNDING CORP 3.875 04/25/2028

FEDERAL HOME LOAN BANKS
4.125 06/01/2028

FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.5 08/28/2028

FEDERAL HOME LOAN BANKS
4.375 09/08/2028

3130B0TY5

3133EPBM6

3133EPGW9

3130BB3J2

3133EPUN3

3130AWTR1

FHMS K-737 A2 2.525 10/25/2026

FHMS K-061 A2 3.347 11/25/2026

FHMS K-066 A2 3.117 06/25/2027

FHMS K-068 A2 3.244 08/25/2027

FHMS K-073 A2 3.35 01/25/2028

FHMS K-077 A2 3.85 05/25/2028

FHMS K-748 A2 2.26 01/25/2029

3137FQXJ7

3137BTUM1

3137F2LJ3

3137FBBX3

3137FETN0

3137FG6X8

3137H5YC5

AGENCY CMBS

450,000.00

450,000.00

130,000.00

600,000.00

344,673.03

515,478.99

205,582.06

6,160,000.00

465,000.00

FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.5 03/26/2027

3133EP6K6

Total Agency

750,000.00

Security Description

Cusip

493,551.00
512,544.12
325,621.77
339,045.01
559,078.13
588,171.49
123,083.59
127,674.76
441,720.70
445,497.46
422,912.11
434,081.30

04/23/2024
5.17%
04/18/2024
5.06%
10/27/2023
5.33%
07/10/2023
4.75%
12/11/2024
4.40%
09/24/2024
3.79%

94.87
4.43%

98.91
4.37%

98.48
4.31%

98.76
4.25%

98.95
4.19%

99.54
4.09%

99.48
4.07%

99.98
4.12%

6,100,521.40
6,150,267.22

193,696.85
204,511.11

100.40
4.18%

100.49
4.26%

99.92
4.17%

99.50
4.16%

99.97
4.15%

100.52
4.06%

100.26
4.13%

Mkt
Price
Mkt
YTM

746,200.50
748,330.81

325,289.25
325,124.98

469,671.00
469,679.68

804,016.00
801,459.56

745,935.00
748,965.18

463,772.40
464,683.27

751,087.50
750,266.16

Cost Value
Book Value

12/12/2023
4.77%

4.34%

09/12/2023
4.49%

08/28/2023
4.47%

06/11/2026
4.16%

04/24/2023
3.76%

02/21/2023
4.26%

04/10/2024
4.85%

03/25/2024
4.45%

Purchase
Date
Purchase
Yield

| As of June 30, 2026
Par Value/
Units

Beaumont-Cherry Valley Water District |

HOLDINGS REPORT

426,901.05
847.50

445,090.05
1,443.75

128,023.09
362.92

592,582.80
1,622.00

341,040.87
895.29

513,132.53
1,437.76

204,516.11
432.58

6,158,497.26
52,073.19

752,969.25
10,299.48

326,595.75
4,996.88

469,616.95
1,023.23

796,035.20
5,683.33

749,798.25
11,000.00

467,401.26
5,031.04

751,940.25
8,906.25

Market Value
Accrued Int.

1.00%
(7,180.25)

1.05%
(407.41)

0.30%
348.33

Aa1/AA+
AAA

Aa1/AA+
AAA

Aa1/AA+
AAA

Aaa/AA+
AA+

Aa1/AA+
AAA

0.80%
1,995.85
1.39%
4,411.31

Aa1/AA+
AAA

Aa1/AA+
AAA

Aa1/AA+
AA+

Aa1/AA+
AA+

Aa1/AA+
AA+

Aa1/AA+
AA+

Aa1/AA+
AA+

Aa1/AA+
AA+

Aa1/AA+
AA+

Moody's/
S&P/
Fitch

1.21%
588.40

0.48%
5.01

14.49%
8,230.04

1.77%
4,638.44

0.77%
1,470.77

1.10%
(62.73)

1.87%
(5,424.36)

1.76%
833.07

1.10%
2,717.99

1.77%
1,674.09

% of Port.
Gain/Loss

35

2.57
2.36

1.90
1.72

1.57
1.39

1.15
1.04

0.99
0.81

0.41
0.32

0.32
0.23

1.18
1.12

2.19
2.04

2.16
2.01

1.92
1.82

1.82
1.72

1.15
1.09

0.77
0.75

0.74
0.71

Maturity
Duration

FHMS K-095 A2 2.785 06/25/2029

3137FNAE0

500,000.00
450,000.00
115,000.00
450,000.00
340,000.00

WALMART INC 4.1 04/28/2027

NORTHERN TRUST CORP 4.0
05/10/2027

UNITEDHEALTH GROUP INC 3.7
05/15/2027

BLACKROCK INC 4.6 07/26/2027

JOHN DEERE CAPITAL CORP 4.65
01/07/2028

931142FL2

665859AW4

91324PEG3

09290DAH4

24422EXZ7

440,000.00

475,000.00

475,000.00

STATE STREET CORP 4.993
03/18/2027

Mizuho Bank, Ltd., New York
Branch 08/26/2026

491.49

491.49

3,481,734.08

300,000.00

486,000.00

Par Value/
Units

97.94
4.29%

3,309,505.25
3,412,309.04

339,898.00
339,948.21

450,387.00
450,130.82

07/18/2024
4.57%
01/06/2025
4.66%

115,055.80
115,009.11

05/17/2022
3.69%

450,269.40
450,041.61

500,940.00
500,387.59

04/24/2025
4.00%

-3.99%

440,000.00
440,000.00

466,813.38
472,170.06

100.55
4.27%

100.32
4.28%

99.53
4.25%

99.81
4.22%

100.04
4.04%

100.50
4.27%

99.41
3.84%

99.41
3.84%

1.00

491.49
491.49

466,813.38
472,170.06

1.00

491.49
491.49

03/13/2024
4.99%

3.90%

03/16/2026
3.90%

--

4.69%

95.51
4.43%

281,648.44
287,263.83

03/13/2025
4.39%

96.97
4.43%

468,192.66
473,519.96

04/23/2025
4.29%

Mkt
Price
Mkt
YTM

Cost Value
Book Value

Purchase
Date
Purchase
Yield

| As of June 30, 2026

857477CL5

CORPORATE

Total Commercial
Paper

60710WHS6

COMMERCIAL
PAPER

Total Cash

CCYUSD

CASH

Receivable

FHMS K-092 A2 3.298 04/25/2029

3137FLYV0

Total Agency CMBS

Security Description

Cusip

Beaumont-Cherry Valley Water District |

HOLDINGS REPORT

341,884.28
7,641.50

451,461.15
8,912.50

114,464.22
543.69

449,142.30
2,550.00

500,202.00
3,587.50

442,198.68
6,285.63

472,177.08
0.00

472,177.08
0.00

491.49
0.00

491.49
0.00

3,409,086.37
9,073.73

286,521.30
696.25

471,278.57
1,335.69

Market Value
Accrued Int.

A1/A
A+

Aa3/AANA

1.06%
1,330.33
0.80%
1,936.07

A2/A+
A

A2/A+
A+

Aa2/AA
AA

Aa3/A
AA-

P-1/A-1
NA

Aaa/AAA
AAA

Aa1/AA+
AAA

Aa1/AA+
AAA

Moody's/
S&P/
Fitch

0.27%
(544.89)

1.06%
(899.31)

1.18%
(185.59)

1.04%
2,198.68

1.11%
7.02

1.11%
7.02

0.00%
0.00

0.00%
0.00

8.02%
(3,222.67)

0.67%
(742.53)

1.11%
(2,241.39)

% of Port.
Gain/Loss

36

1.52
1.42

1.07
0.94

0.87
0.85

0.86
0.83

0.83
0.80

0.71
0.61

0.16
0.15

0.16
0.15

0.00
0.00

0.00
0.00

1.65
1.48

2.99
2.70

2.82
2.57

Maturity
Duration

275,000.00
450,000.00

450,000.00
450,000.00
370,000.00
255,000.00

165,000.00
500,000.00
230,000.00
495,000.00
485,000.00
325,000.00
500,000.00

ABBVIE INC 4.65 03/15/2028

SALESFORCE INC 4.5 03/15/2028

FLORIDA POWER & LIGHT CO 4.4
05/15/2028

US BANK NA 4.73 05/15/2028

MERCK & CO INC 4.05 05/17/2028

TARGET CORP 4.35 06/15/2028

MORGAN STANLEY BANK NA
4.968 07/14/2028

PACCAR FINANCIAL CORP 4.0
08/08/2028

HOME DEPOT INC 3.75
09/15/2028

ALPHABET INC 3.875 11/15/2028

AMAZON.COM INC 3.9
11/20/2028

JPMORGAN CHASE & CO 4.915
01/24/2029

BANK OF AMERICA CORP 4.979
01/24/2029

REALTY INCOME CORP 3.95
02/01/2029

VISA INC 3.8 02/12/2029

CATERPILLAR FINANCIAL SERVICES
CORP 4.3 05/15/2029

NVIDIA CORP 4.35 06/15/2029

00287YDY2

79466LAQ7

341081GN1

90331HPS6

58933YBH7

87612EBU9

61690U8E3

69371RT97

437076DH2

02079KAV9

023135CS3

46647PEU6

06051GMK2

756109CW2

92826CAY8

14913V2C1

67066GAQ7

265,000.00

110,000.00

355,000.00

250,000.00

Security Description

Par Value/
Units

499,260.00
499,291.73
264,875.45
264,876.93

06/15/2026
4.37%

324,626.25
324,673.65

02/03/2026
3.84%
05/12/2026
4.35%

482,148.20
482,777.76

495,000.00
495,000.00

230,000.00
230,000.00

09/25/2025
4.14%

01/17/2025
4.98%

01/16/2025
4.92%

501,575.00
501,251.08

164,858.10
164,888.53

11/03/2025
3.91%
11/24/2025
3.79%

254,834.25
254,877.96

369,781.70
369,846.83

09/08/2025
3.77%

08/04/2025
4.02%

450,000.00
450,000.00

100.04
4.33%

450,757.50
450,487.41

-4.29%
07/17/2024
4.97%

99.71
4.21%

109,910.90
109,966.54

05/08/2023
4.07%

99.70
4.46%

99.63
4.44%

98.77
4.30%

98.51
4.57%

100.55
4.56%

100.49
4.53%

98.95
4.37%

99.10
4.28%

98.88
4.29%

99.31
4.34%

100.43
4.56%

100.23
4.51%

355,000.00
355,000.00

100.06
4.36%

99.87
4.57%

05/12/2025
4.88%

275,668.30
275,563.88

03/12/2026
4.37%

100.43
4.38%

446,175.00
448,560.10

249,667.50
249,813.88

02/18/2025
4.70%

Mkt
Price
Mkt
YTM

05/23/2023
4.59%

Cost Value
Book Value

Purchase
Date
Purchase
Yield

| As of June 30, 2026

Cusip

Beaumont-Cherry Valley Water District |

HOLDINGS REPORT

264,201.56
416.27

498,167.50
2,747.22

321,017.45
4,768.47

477,778.35
7,982.29

497,704.19
10,748.42

231,115.96
4,930.02

494,733.00
2,220.83

163,509.23
816.98

252,145.28
2,815.63

367,451.07
5,878.89

451,915.65
10,370.70

450,180.00
870.00

109,679.68
544.50

355,807.98
2,145.58

450,286.20
2,530.00

274,652.95
3,712.50

251,075.25
3,422.92

Market Value
Accrued Int.

0.62%
(675.38)

1.17%
(1,124.23)

0.76%
(3,656.20)

1.12%
(4,999.41)

1.17%
2,704.19

0.54%
1,115.96

1.16%
(6,518.08)

0.38%
(1,379.31)

0.59%
(2,732.68)

0.86%
(2,395.76)

1.06%
1,915.65

1.06%
(307.41)

0.26%
(286.86)

0.84%
807.98

1.06%
1,726.10

0.65%
(910.93)

0.59%
1,261.37

% of Port.
Gain/Loss

Aa1/AA
NA

A1/A
A+

Aa3/AANA

A3/ANA

A1/AAA-

A1/A
AA-

A1/AA
AA-

Aa2/AA+
NA

A2/A
A

A1/A+
NA

Aa3/A+
AA

A2/A
NA

Aa3/A+
NA

A2/A+
A+

Aa2/A+
AA-

A2/A+
NA

A2/ANA

Moody's/
S&P/
Fitch

37

2.96
2.74

2.87
2.66

2.62
2.42

2.59
2.39

2.57
1.46

2.57
1.46

2.39
2.24

2.38
2.23

2.21
2.07

2.11
1.96

2.04
0.98

1.96
1.85

1.88
1.78

1.88
0.84

1.88
1.62

1.71
1.60

1.71
1.53

Maturity
Duration

400,000.00
340,000.00
140,000.00
270,000.00
400,000.00
300,000.00

ELI LILLY AND CO 4.2 08/14/2029

GOLDMAN SACHS GROUP INC
4.153 10/21/2029

TOYOTA MOTOR CREDIT CORP
4.95 01/09/2030

BANK OF NEW YORK MELLON
CORP 4.026 01/22/2030

WELLS FARGO & CO 4.182
01/23/2030

JPMORGAN CHASE & CO 4.565
06/14/2030

PUBLIC STORAGE OPERATING CO
4.375 07/01/2030

ALPHABET INC 4.1 11/15/2030

NVIDIA CORP 4.5 06/15/2031

532457CQ9

38141GD27

89236TNA9

06406RCG0

95000U4D2

46647PDF0

74464AAC5

02079KAW7

67066GAR5

SUPRANATIONAL

Total Money Market
Fund

31846V203

MONEY MARKET
FUND

FIRST AMER:GVT OBLG Y

475,000.00

AMERICAN EXPRESS CO 4.351
07/20/2029

025816EJ4

Total Corporate

340,000.00

PEPSICO INC 4.5 07/17/2029

713448FX1

186,436.46

186,436.46

11,740,000.00

250,000.00

300,000.00

300,000.00

Security Description

Par Value/
Units

3.27%

-3.27%

186,436.46
186,436.46

186,436.46
186,436.46

99.72
4.43%

11,742,621.75
11,743,100.14
4.36%

99.65
4.58%

249,392.50
249,395.51

06/18/2026
4.56%

1.00
3.27%

1.00
3.27%

98.53
4.47%

300,783.00
300,684.31

11/13/2025
4.04%

99.35
4.56%

99.62
4.87%

98.69
4.64%

302,445.00
302,022.42

405,668.00
404,483.70

270,000.00
270,000.00

98.61
4.50%

101.15
4.59%

98.59
4.72%

99.48
4.38%

99.49
4.56%

100.31
4.39%

Mkt
Price
Mkt
YTM

09/04/2025
4.18%

09/18/2025
4.15%

01/15/2026
4.18%

140,000.00
140,000.00

339,272.40
339,486.78

01/06/2025
5.00%
01/14/2026
4.09%

400,144.00
400,110.76

474,534.50
474,709.38

08/12/2024
4.22%
10/15/2025
4.14%

340,000.00
340,000.00

299,694.00
299,813.65

07/16/2024
4.52%
07/21/2025
4.35%

Cost Value
Book Value

Purchase
Date
Purchase
Yield

| As of June 30, 2026

Cusip

Beaumont-Cherry Valley Water District |

HOLDINGS REPORT

186,436.46
0.00

186,436.46
0.00

11,706,492.26
144,918.95

249,115.00
406.25

295,582.50
1,571.67

298,044.30
6,562.50

398,498.40
862.28

266,460.84
4,955.67

138,050.08
2,489.41

343,902.52
8,041.00

394,360.00
3,230.11

472,515.28
7,592.08

338,261.24
6,615.94

300,928.20
6,150.00

Market Value
Accrued Int.

0.44%
0.00

0.44%
0.00

27.54%
(36,607.88)

0.59%
(280.51)

0.70%
(5,101.81)

0.70%
(3,978.12)

0.94%
(5,985.30)

0.63%
(3,539.16)

0.32%
(1,949.92)

0.81%
4,415.75

0.93%
(5,750.76)

1.11%
(2,194.11)

0.80%
(1,738.76)

0.71%
1,114.55

% of Port.
Gain/Loss

Aaa/AAAm
AAA

Aa1/AA
NA

Aa2/AA+
NA

A2/A
NA

A1/A
AA-

A1/BBB+
A+

Aa3/A
AA-

A1/A+
A+

A2/BBB+
A

Aa3/AANA

A2/AA

A1/A+
NA

Moody's/
S&P/
Fitch

38

0.00
0.00

0.00
0.00

2.43
1.98

4.96
4.39

4.38
3.94

4.00
3.63

3.96
2.73

3.57
2.35

3.56
2.36

3.53
3.13

3.31
2.15

3.12
2.85

3.05
1.90

3.05
2.69

Maturity
Duration

INTERNATIONAL BANK FOR
RECONSTRUCTION AND
DEVELOPM 4.125 03/20/2030

459058LR2

1,000,000.00
750,000.00
800,000.00
750,000.00
1,000,000.00
750,000.00
500,000.00
800,000.00
475,000.00
750,000.00
650,000.00

600,000.00

UNITED STATES TREASURY 4.125
02/28/2027

UNITED STATES TREASURY 3.75
04/30/2027

UNITED STATES TREASURY 4.375
07/15/2027

UNITED STATES TREASURY 3.5
09/30/2027

UNITED STATES TREASURY 4.125
10/31/2027

UNITED STATES TREASURY 3.375
12/31/2027

UNITED STATES TREASURY 4.25
01/15/2028

UNITED STATES TREASURY 3.625
03/31/2028

UNITED STATES TREASURY 3.5
04/30/2028

UNITED STATES TREASURY 4.0
06/30/2028

UNITED STATES TREASURY 3.75
12/31/2028

UNITED STATES TREASURY 4.25
02/28/2029

91282CMP3

91282CMY4

91282CKZ3

91282CPB1

91282CFU0

91282CPS4

91282CMF5

91282CGT2

91282CHA2

91282CHK0

91282CJR3

91282CKD2

US TREASURY

585,000.00

245,000.00

INTERNATIONAL FINANCE CORP
4.5 07/13/2028

45950KDD9

Total Supranational

340,000.00

Security Description

Cusip

-4.35%

06/16/2025
3.95%

02/22/2024
4.37%

-3.77%

06/15/2023
3.96%

03/25/2026
3.89%

02/26/2026
3.47%

09/15/2023
4.56%

02/26/2026
3.49%

05/28/2025
3.99%

08/27/2025
3.71%

05/28/2025
4.04%

4.39%

03/14/2025
4.20%

07/06/2023
4.53%

Purchase
Date
Purchase
Yield

| As of June 30, 2026
Par Value/
Units

Beaumont-Cherry Valley Water District |

HOLDINGS REPORT

597,252.93
598,663.08

645,810.55
647,038.55

739,189.45
745,033.54

469,363.29
472,844.00

788,312.50
795,732.39

503,066.41
502,615.74

748,740.23
748,972.69

983,867.19
994,776.14

750,146.48
750,115.16

806,187.50
803,018.10

750,468.75
750,232.84

100.21
4.17%

99.01
4.17%

99.69
4.16%

98.82
4.17%

99.09
4.17%

100.11
4.17%

98.86
4.17%

99.94
4.17%

99.21
4.15%

100.25
4.13%

99.73
4.07%

100.07
4.01%

100.24
4.19%

583,747.95
584,196.04

1,001,406.25
1,000,531.74

99.70
4.21%

100.63
4.17%

Mkt
Price
Mkt
YTM

244,125.35
244,349.52

339,622.60
339,846.52

Cost Value
Book Value

601,242.00
8,523.10

643,550.70
66.24

747,685.50
81.52

469,414.95
2,800.95

792,687.20
7,289.62

500,547.00
9,803.18

741,416.25
68.78

999,414.00
6,949.73

744,111.00
6,598.36

801,999.20
16,146.41

748,008.00
4,738.45

1,000,673.00
13,787.36

586,400.66
9,975.36

244,262.06
2,835.36

342,138.60
7,140.00

Market Value
Accrued Int.

1.41%
2,578.92

1.51%
(3,487.85)

1.76%
2,651.96

1.10%
(3,429.05)

1.87%
(3,045.19)

1.18%
(2,068.74)

1.74%
(7,556.44)

2.35%
4,637.86

1.75%
(6,004.16)

1.89%
(1,018.90)

1.76%
(2,224.84)

2.35%
141.26

1.38%
2,204.62

0.57%
(87.46)

0.81%
2,292.08

% of Port.
Gain/Loss

Aa1/AA+
AA+

Aa1/AA+
AA+

Aa1/AA+
AA+

Aa1/AA+
AA+

Aa1/AA+
AA+

Aa1/AA+
AA+

Aa1/AA+
AA+

Aa1/AA+
AA+

Aa1/AA+
AA+

Aa1/AA+
AA+

Aa1/AA+
AA+

Aa1/AA+
AA+

Aaa/AAA
NA

Aaa/AAA
NA

Moody's/
S&P/
Fitch

39

2.67
2.46

2.50
2.36

2.00
1.90

1.84
1.74

1.75
1.66

1.54
1.45

1.50
1.44

1.34
1.27

1.25
1.20

1.04
0.99

0.83
0.81

0.67
0.64

2.74
2.51

3.72
3.38

2.04
1.89

Maturity
Duration

450,000.00
750,000.00
500,000.00
500,000.00

500,000.00
500,000.00
250,000.00
500,000.00

UNITED STATES TREASURY 3.25
06/30/2029

UNITED STATES TREASURY 3.625
08/31/2029

UNITED STATES TREASURY 3.5
09/30/2029

UNITED STATES TREASURY 4.125
10/31/2029

UNITED STATES TREASURY 4.375
12/31/2029

UNITED STATES TREASURY 4.0
05/31/2030

UNITED STATES TREASURY 3.625
10/31/2030

UNITED STATES TREASURY 3.875
03/31/2031

UNITED STATES TREASURY 4.125
05/31/2031

91282CEV9

91282CLK5

91282CLN9

91282CLR0

91282CMD0

91282CNG2

91282CPD7

91282CQG9

91282CQU8

Total Market Value +
Accrued

42,702,144.99

750,000.00

UNITED STATES TREASURY 4.5
05/31/2029

91282CKT7

Total Portfolio

700,000.00

UNITED STATES TREASURY 4.625
04/30/2029

91282CKP5

15,450,000.00

725,000.00

UNITED STATES TREASURY 3.5
03/15/2029

91282CQE4

Total US Treasury

500,000.00

Security Description

Cusip

4.27%

4.01%

06/18/2026
4.20%

05/26/2026
4.21%

12/10/2025
3.77%

12/10/2025
3.74%

12/30/2024
4.38%

12/30/2024
4.38%

10/25/2024
4.02%

09/25/2024
3.51%

01/28/2026
3.70%

-4.11%

05/22/2024
4.45%

04/29/2026
3.90%

Purchase
Date
Purchase
Yield

99.45
4.15%

99.10
4.25%

15,386,252.95
15,413,162.27

42,405,329.25
42,589,175.07

98.58
4.21%

97.74
4.20%

99.32
4.19%

100.64
4.17%

99.84
4.18%

97.97
4.17%

98.40
4.17%

97.43
4.17%

100.91
4.17%

101.20
4.17%

98.32
4.16%

Mkt
Price
Mkt
YTM

99.63
4.21%

246,406.25
246,477.35

496,835.94
497,194.00

505,351.56
504,689.17

499,980.47
499,986.32

494,531.25
496,226.10

732,685.55
738,569.38

452,267.58
451,457.55

739,160.16
740,489.08

711,972.66
707,238.06

730,437.50
728,118.34

494,550.78
494,872.54

Cost Value
Book Value

498,261.72
498,270.39

| As of June 30, 2026
Par Value/
Units

Beaumont-Cherry Valley Water District |

HOLDINGS REPORT

42,839,589.74

42,500,552.52
339,037.21

15,363,014.38
114,887.76

498,164.00
1,746.93

246,445.25
2,435.11

488,711.00
3,053.67

496,621.00
1,693.99

503,222.50
59.44

499,199.00
3,474.86

734,766.00
6,598.36

442,792.80
5,452.28

730,752.00
66.24

706,344.10
2,668.03

733,665.93
5,649.29

491,582.00
5,135.87

Market Value
Accrued Int.

100.00%
(88,622.54)

36.15%
(50,147.90)

1.17%
(106.39)

0.58%
(32.10)

1.15%
(8,483.00)

1.17%
(8,068.17)

1.18%
3,236.18

1.17%
2,972.90

1.73%
(3,803.38)

1.04%
(8,664.75)

1.72%
(9,737.08)

1.66%
(893.96)

1.73%
5,547.58

1.16%
(3,290.54)

% of Port.
Gain/Loss

Aa1/AA+
AA+

Aa1/AA+
AA+

Aa1/AA+
AA+

Aa1/AA+
AA+

Aa1/AA+
AA+

Aa1/AA+
AA+

Aa1/AA+
AA+

Aa1/AA+
AA+

Aa1/AA+
AA+

Aa1/AA+
AA+

Aa1/AA+
AA+

Aa1/AA+
AA+

Moody's/
S&P/
Fitch

40

2.18
1.78

2.33
2.16

4.92
4.39

4.75
4.25

4.34
3.94

3.92
3.58

3.50
3.21

3.34
3.06

3.25
3.01

3.17
2.92

3.00
2.82

2.92
2.70

2.83
2.61

2.71
2.53

Maturity
Duration

Total Market Value +
Accrued

45,518,565.43

Total Portfolio

7,623,946.86

37,537,449.42

37,537,449.42

357,169.15

357,169.15

7,623,946.86

CalTrust MMF

Local Agency Investment Fund
State Pool

Receivable

Security Description

Par Value/
Units

3.81%

3.74%

-3.74%

3.82%

-3.82%

--

Purchase
Date
Purchase
Yield

| As of June 30, 2026

Total Local Gov
Investment Pool

09CATR$01

LOCAL GOV
INVESTMENT POOL

Total LAIF

90LAIF$00

LAIF

Total Cash

CCYUSD

CASH

Cusip

BCVWD - Reporting Portfolio |

HOLDINGS REPORT

1.00
3.74%

1.00
3.81%

7,623,946.86
7,623,946.86

45,518,565.43
45,518,565.43

1.00
3.74%

1.00
3.82%

37,537,449.42
37,537,449.42

7,623,946.86
7,623,946.86

1.00
3.82%

1.00

357,169.15
357,169.15

37,537,449.42
37,537,449.42

1.00

Mkt
Price
Mkt
YTM

357,169.15
357,169.15

Cost Value
Book Value

45,518,565.43

45,518,565.43
0.00

7,623,946.86
0.00

7,623,946.86
0.00

37,537,449.42
0.00

37,537,449.42
0.00

357,169.15
0.00

357,169.15
0.00

Market Value
Accrued Int.

100.00%
0.00

16.75%
0.00

16.75%
0.00

82.47%
0.00

82.47%
0.00

0.78%
0.00

0.78%
0.00

% of Port.
Gain/Loss

NA/AAAm
NA

NA/NA
NA

Aaa/AAA
AAA

Moody's/
S&P/
Fitch

41

0.00
0.00

0.00
0.00

0.00
0.00

0.00
0.00

0.00
0.00

0.00
0.00

0.00
0.00

Maturity
Duration

TRANSACTIONS

42

05/27/2026 91282CQG9

06/12/2026 3130BB3J2

06/18/2026 67066GAQ7

06/22/2026 67066GAR5

06/22/2026 91282CQU8

Purchase

Purchase

Purchase

Purchase

Purchase

05/08/2026 89115A2W1

06/12/2026 912797UQ8

06/22/2026 17275RBQ4

Sale

Sale

Sale

DISPOSITIONS

(455,000.00)

(500,000.00)

(415,000.00)

100.332

CISCO SYSTEMS INC
4.8 02/26/2027

99.652

UNITED STATES
500,000.00 TREASURY 4.125
05/31/2031

99.610

99.757

NVIDIA CORP 4.5
06/15/2031

250,000.00

UNITED STATES
TREASURY 07/21/2026

99.953

NVIDIA CORP 4.35
06/15/2029

100.797

99.930

FEDERAL HOME
470,000.00 LOAN BANKS 4.125
06/01/2028

TORONTO-DOMINION
BANK 4.98 04/05/2027

98.563

UNITED STATES
250,000.00 TREASURY 3.875
03/31/2031

265,000.00

99.852

CATERPILLAR
500,000.00 FINANCIAL SERVICES
CORP 4.3 05/15/2029

3,220,000.00

05/15/2026 14913V2C1

Purchase

99.986

WFCIT 2026-1 A 4.08
04/15/2031
98.910

99.989

BMWLT 2026-1 A3
4.15 05/25/2029

UNITED STATES
500,000.00 TREASURY 3.5
03/15/2029

TOTAL
ACQUISITIONS

04/30/2026 91282CQE4

Purchase

295,000.00

3,220,000.00

04/27/2026 92970QAK1

Purchase

190,000.00

Price

4.82%

3.73%

4.98%

4.20%

4.56%

4.37%

4.16%

4.21%

4.35%

3.90%

4.12%

4.85%

Acq/Disp
Yield

|04/01/2026 Through 06/30/2026|
Quantity Security Description

Total Purchase

04/22/2026 05594YAD8

Settlement
CUSIP
Date

Purchase

ACQUISITIONS

Transaction
Type

Beaumont-Cherry Valley Water District |

TRANSACTION LEDGER

456,510.60

498,051.35

418,307.55

(3,207,355.35)

(3,207,355.35)

(498,261.72)

(249,392.50)

(264,875.45)

(469,671.00)

(246,406.25)

(499,260.00)

(494,550.78)

(294,958.64)

(189,979.01)

Amount

7,037.33

0.00

1,894.48

(5,060.96)

(5,060.96)

(1,239.75)

(125.00)

0.00

0.00

(1,508.71)

0.00

(2,187.50)

0.00

0.00

Interest Pur/
Sold

463,547.93

498,051.35

420,202.03

(3,212,416.31)

(3,212,416.31)

(499,501.47)

(249,517.50)

(264,875.45)

(469,671.00)

(247,914.96)

(499,260.00)

(496,738.28)

(294,958.64)

(189,979.01)

Total Amount

43

1,556.82

18.95

3,307.55

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Gain/Loss

(1,370,000.00)

TOTAL
DISPOSITIONS

Price

Acq/Disp
Yield

|04/01/2026 Through 06/30/2026|
Quantity Security Description
(1,370,000.00)

Settlement
CUSIP
Date

Total Sale

Transaction
Type

Beaumont-Cherry Valley Water District |

TRANSACTION LEDGER

1,372,869.50

1,372,869.50

Amount

8,931.81

8,931.81

Interest Pur/
Sold

1,381,801.31

1,381,801.31

Total Amount

44

4,883.32

4,883.32

Gain/Loss

23,419.61 CalTrust MMF

435,142.83

06/30/2026 09CATR$01

Purchase

24,102.61 CalTrust MMF

23,338.94 CalTrust MMF

TOTAL
ACQUISITIONS

05/29/2026 09CATR$01

Purchase

435,142.83

04/30/2026 09CATR$01

Purchase

Local Agency
364,281.67 Investment Fund State
Pool

Total Purchase

04/15/2026 90LAIF$00

Purchase

ACQUISITIONS

1.000

1.000

1.000

1.000

Price

Quantity Security Description

Transaction
Type

Settlement
CUSIP
Date

|04/01/2026 Through 06/30/2026|

BCVWD - Reporting Portfolio |

TRANSACTION LEDGER

3.74%

3.74%

3.74%

3.81%

Acq/Disp
Yield

(435,142.83)

(435,142.83)

(23,419.61)

(24,102.61)

(23,338.94)

(364,281.67)

Amount

0.00

0.00

0.00

0.00

0.00

0.00

Interest Pur/
Sold

(435,142.83)

(435,142.83)

(23,419.61)

(24,102.61)

(23,338.94)

(364,281.67)

Total Amount

45

0.00

0.00

0.00

0.00

0.00

0.00

Gain/Loss

46

LAIF Yields: Additional Disclosure for CA Clients - As a result of a reporting lag from the Local Agency Investment Fund (LAIF), reported LAIF yields represent the most recently
available Daily Effective Yield and may reflect data from approximately 7–10 days prior to month-end.

LGIP Yields: Reported yields for local government investment pools may be presented as either the 30-day yield or the monthly distribution yield, as applicable. For certain funds,
the 30-day yield is calculated using reported daily yield data. Yield calculations are subject to change and may not be directly comparable across funds.

Security level ratings for U.S. Agency issued mortgage-backed securities (“MBS”) reflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency
guarantees the full and timely payment of both principal and interest.

Ratings information have been provided by Moody’s, S&P and Fitch through data feeds we believe to be reliable as of the date of this statement, however we cannot guarantee
its accuracy.

Fixed income investments are subject to interest, credit and market risk. Interest rate risk: the value of fixed income investments will decline as interest rates rise. Credit risk: the
possibility that the borrower may not be able to repay interest and principal. Low rated bonds generally have to pay higher interest rates to attract investors willing to take on
greater risk. Market risk: the bond market in general could decline due to economic conditions, especially during periods of rising interest rates.

This report is provided for informational purposes only and should not be construed as a specific investment or legal advice. The information contained herein was obtained from
sources believed to be reliable as of the date of publication, but may become outdated or superseded at any time without notice. Any opinions or views expressed are based on
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2026 Chandler Asset Management, Inc, An Independent Registered Investment Adviser.

IMPORTANT DISCLOSURES

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ICE BofA 1-3 Yr US Treasury Index

47

Disclosure

Benchmark

BENCHMARK DISCLOSURES

BEAUMONT-CHERRY VALLEY WATER DISTRICT

Consent Calendar

Beaumont-Cherry Valley Water District
Board of Directors Regular Meeting
August 12, 2026

Item 3a

STAFF REPORT
TO:

Board of Directors

FROM:

Dan Jaggers, General Manager

SUBJECT:

Review of the Budget Variance Reports

Staff Recommendation: None.
Executive Summary
Total revenues recognized through June 2026 were $12,946,484.20, representing 50.03% of the
annual revenue budget of $25,876,900.00. At six months into the fiscal year (50.00% straight-line
benchmark), revenues are essentially on target despite a significant one-time negative
contributed capital adjustment, for an oversizing contribution for the proposed water facilities
located within Oak Valley Parkway, during the month. Operating revenues and investment
earnings continue to perform strongly.
Total expenses incurred through June were $12,739,453.67, or 47.61% of the annual expense
budget. Expenses remain below the six-month straight-line benchmark, reflecting continued
prudent fiscal management and the timing of operational expenses.
Overall, the District continues to maintain a strong financial position through the first half of Fiscal
Year 2026.
Analysis
Revenue Summary
Through June 30, 2026, total revenues reached approximately $12.95 million, or 50.03% of the
adopted revenue budget. Revenue performance is essentially on pace with the six-month
benchmark despite a substantial negative adjustment to contributed capital recorded during June.
Operating revenues and investment income continue to provide strong financial performance.
Notable highlights:
1. Interest income: $1,751,387.30 (105.70% of budget). Investment earnings have now
exceeded the annual budget, continuing to benefit from sustained higher interest rates
and strong cash balances.
2. Non-operating revenue: ($479,126.60) (0% of budget). During June, a $1.16 million
contributed capital adjustment, for an oversizing contribution for the proposed water
facilities located within Oak Valley Parkway, more than offset capacity fee revenues and
other non-operating income, resulting in a negative year-to-date balance for this category.
Excluding this one-time accounting adjustment, development-related revenues continue
to track favorably.
3. Operating revenue: $11,658,012.67 (52.87%) — slightly exceeding the straight-line
benchmark and continuing to provide the District's primary source of revenue; reflects
water usage, fixed charges, and passthroughs generally aligned with seasonal billing
cycles.

4. Rent and utility revenue: $16,210.83 (43.69%) — generally consistent with expectations
for the fiscal year to date. Actual amounts are based on utility invoices received and paid
by the District for District-owned residences and subsequently billed to the employees
residing in those units.
Expense Summary
Through June 30, 2026, total expenses totaled approximately $12.74 million, representing
47.61% of the adopted expense budget. Overall expenses remain slightly below the six-month
benchmark of 50%, reflecting continued fiscal discipline and normal timing differences in
expenses throughout the organization.
Notable highlights:
1. Board of Directors: $103,103.79 (31.49% of budget). Expenses remain well below budget
expectations and consistent with anticipated annual spending patterns.
2. Engineering: $427,385.73 (41.27% of budget). Spending remains below the six-month
benchmark despite ongoing development-reimbursable engineering and outside
engineering activities.
3. Finance & Administration: $3,752,337.63 (42.97% of budget). Expenses remain below the
benchmark while continuing to fund personnel, depreciation, legal services, audit
activities, and other administrative functions. Department includes the General Manager,
Finance, Human Resources, and Customer Service.
4. IT & Cybersecurity: $466,565.76 (41.05% of budget). Spending remains below
benchmark, with software licensing, telecommunications, cybersecurity, and technology
support continuing as the largest expenses.
5. Operations: $7,919,276.97 (52.11% of budget). Operations expenses are modestly above
the straight-line benchmark, driven primarily by seasonal State Water Project purchases
totaling $3.60 million (80.6% of budget), along with ongoing electricity, maintenance, and
system operations.
6. General (Non-Departmental): $70,783.79 (21.53% of budget). Expenses remain
substantially below budget expectations.
Conclusion
The District’s financial performance through June 2026 remains strong. Overall revenues are
essentially on pace with the annual budget despite a significant one-time contributed capital
adjustment recorded during June. Operating expenses remain well controlled, with most
departments below budget expectations. While Operations expenditures are slightly above the
six-month benchmark, this is primarily attributable to the seasonal timing of State Water Project
water purchases and remains within anticipated budget levels.
Overall, the District remains in a strong fiscal position at the midpoint of Fiscal Year 2026, with
revenues meeting expectations, investment performance exceeding budget, and expenditures
continuing to be effectively managed.
Attachment(s)
1. Budget Variance Revenue Report
2. Budget Variance Expense Report
Staff Report prepared by William Clayton, Finance Manager

Description

GENERAL
Interest Income - Bonita Vista
Interest Income - Fairway Cnyn
Interest Income - General
Rlzd Gain/Loss on Investment
Net Amort/Accret on Investment
Interest Income

Asset Disposal Account
Capacity Fees-Wells
Cap Fees-Water Rights (SWP)
Cap Fees-Water Treatment Plant
Cap Fees-Local Water Resources
Cap Fees-Recycled Water
Cap Fees-Transmission
Cap Fees-Storage
Cap Fees-Booster
Cap Fees-Pressure Reducing Stn
Cap Fees-Miscellaneous Project
Cap Fees-Financing Costs
Front Footage Fees
Contributed Capital
Non-Operating Revenue

Sales
Agricultural Irrigation Sales
Construction Sales
Backflow Administration Charge
Fixed Meter Charges
Meter Fees
SGPWA Importation Charges
SCE Power Charges
2nd Notice Charges
3rd Notice Charges

Account Number

50
01-50-510-490001
01-50-510-490011
01-50-510-490021
01-50-510-490041
01-50-510-490051

01-50-510-419042
01-50-510-481001
01-50-510-481006
01-50-510-481012
01-50-510-481018
01-50-510-481024
01-50-510-481030
01-50-510-481036
01-50-510-481042
01-50-510-481048
01-50-510-481054
01-50-510-481060
01-50-510-485001
01-50-510-488001

01-50-510-410100
01-50-510-410151
01-50-510-410171
01-50-510-413001
01-50-510-413011
01-50-510-413021
01-50-510-415001
01-50-510-415011
01-50-510-417001
01-50-510-417011

User: wclayton
Printed: 7/30/2026 7:18:20 AM
Period 06 - 06
Fiscal Year 2026

Budget Variance Revenue

General Ledger

$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$

Budget

7,185,500.00
32,000.00
77,500.00
96,900.00
6,956,700.00
337,100.00
4,118,900.00
2,625,700.00
90,400.00
130,500.00

383,600.00
242,700.00
182,500.00
96,100.00
355,500.00
310,700.00
397,800.00
27,600.00
14,100.00
12,300.00
60,500.00
50,000.00
2,133,400.00

100.00
159,200.00
1,379,000.00
118,700.00
1,657,000.00

$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$

741,350.53
41.36
11,136.60
15,421.81
657,594.27
76,500.00
395,400.48
275,922.00
3,200.00
11,610.00

(1,158,147.75)
(1,158,147.75)

16.67
527,849.91
1,575.76
8,713.77
538,156.11

Period Amt

$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$

3,569,779.57
9,812.45
32,368.07
68,536.34
3,976,081.24
276,076.00
1,981,929.90
1,380,618.49
43,750.00
81,420.00

17,830.00
51,926.00
612.50
82,261.50
36,270.70
163,620.10
80,439.40
107,774.30
31,136.00
8,081.50
29,935.30
8,059.85
61,074.00
(1,158,147.75)
(479,126.60)

56.72
1,692,366.56
7,183.24
51,780.78
1,751,387.30

End Bal

$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$

3,615,720.43
22,187.55
45,131.93
28,363.66
2,980,618.76
61,024.00
2,136,970.10
1,245,081.51
46,650.00
49,080.00

(17,830.00)
331,674.00
242,087.50
100,238.50
59,829.30
191,879.90
230,260.60
290,025.70
(3,536.00)
6,018.50
(17,635.30)
52,440.15
(11,074.00)
1,158,147.75
2,612,526.60

43.28
159,200.00
(313,366.56)
(7,183.24)
66,919.22
(94,387.30)

Variance

-

$

-

-

$
$
$
$
$
$
$
$
$
$
$
$

-

$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$

Encumbered

50.32%
69.34%
58.23%
29.27%
42.85%
18.10%
51.88%
47.42%
51.60%
37.61%

0.00%
86.46%
99.75%
54.93%
62.26%
53.97%
74.11%
72.91%
-12.81%
42.68%
-143.38%
86.68%
-22.15%
0.00%
122.46%

43.28%
100.00%
-22.72%
0.00%
56.38%
-5.70%

% Avail/
Uncollect

Attachment 1

Account Reinstatement Fees
Lien Processing Fees
Credit Check Processing Fees
Return Check Fees
Customer Damages
After-Hours Call Out Charges
Bench Test Fees (Credits)
Customer Upgrade Charges
Rebates and Reimbursements
Development Income
Development Income - GIS
Well Maintenance Reimbursement

Miscellaneous Income
Operating Revenue

Maint Fees - 13695 Oak Glen Rd
Maint Fees - 13697 Oak Glen Rd
Maint Fees - 9781 AveMiravilla
Utilities - 13695 Oak Glen Rd
Utilities - 13697 Oak Glen Rd
Utilities - 9781 Ave Miravilla
Rent/Utilities

01-50-510-417021
01-50-510-417031
01-50-510-417041
01-50-510-417051
01-50-510-417061
01-50-510-417071
01-50-510-417081
01-50-510-417101
01-50-510-419001
01-50-510-419011
01-50-510-419012
01-50-510-419031

01-50-510-419061

01-50-510-471011
01-50-510-471021
01-50-510-471031
01-50-510-471111
01-50-510-471121
01-50-510-471131

Revenue Total

Description

Account Number

$

$
$
$
$
$
$
$

$
$

$
$
$
$
$
$
$
$
$
$
$
$

44,800.00
6,800.00
18,400.00
11,200.00
30,800.00
3,700.00
100.00
100.00
2,700.00
200,000.00
74,800.00

25,876,900.00

7,500.00
8,300.00
6,900.00
3,700.00
7,600.00
3,100.00
37,100.00

4,800.00
22,049,400.00

Budget

$

$
$
$
$
$
$
$

$
$

$
$
$
$
$
$
$
$
$
$
$
$

1,607,783.45

624.10
695.90
580.32
139.74
368.21
163.93
2,572.20

1,318.68
2,225,202.89

1,700.00
1,050.00
1,770.00
1,450.00
619.36
100.00
27,256.63
1,761.17

Period Amt

$

$
$
$
$
$
$
$

$
$

$
$
$
$
$
$
$
$
$
$
$
$

24,100.00
4,590.00
7,710.00
6,925.00
8,693.57
2,100.00
149,718.26
19,821.50
11,714.10

12,946,484.20

3,718.42
4,147.20
3,456.96
1,234.85
2,704.48
948.92
16,210.83

2,268.18
11,658,012.67

End Bal

$

$
$
$
$
$
$
$

$
$

$
$
$
$
$
$
$
$
$
$
$
$

20,700.00
2,210.00
10,690.00
4,275.00
22,106.43
1,600.00
100.00
100.00
2,700.00
50,281.74
(19,821.50)
63,085.90

12,930,415.80

3,781.58
4,152.80
3,443.04
2,465.15
4,895.52
2,151.08
20,889.17

2,531.82
10,391,387.33

Variance

$
$
$
$
$
$
$

-

-

-

$
$
$
$
$

-

$
$
$
$
$
$
$
$

Encumbered

49.97%

50.42%
50.03%
49.90%
66.63%
64.41%
69.39%
56.31%

52.75%
47.13%

46.21%
32.50%
58.10%
38.17%
71.77%
43.24%
100.00%
100.00%
100.00%
25.14%
0.00%
84.34%

% Avail/
Uncollect

Attachment 1

Description
BOARD OF DIRECTORS
Board of Directors Fees
Social Security
Medicare
Health Insurance
Life Insurance
EAP Program
Workers' Compensation
Training/Education/Mtgs/Travel
Board of Directors Personnel

Supplies-Other
Board of Directors Materials & Supplies

Election Expenses
Advertising/Legal Notices
Board of Directors Services

BOARD OF DIRECTORS

ENGINEERING
Engineering Personnel
Labor
Incentive Pay
Social Security
Medicare
Health Insurance
Life Insurance
EAP Program
Workers' Compensation
Unemployment Insurance
Retirement/CalPERS
Uniforms and Employee Benefits
Training/Education/Mtgs/Travel

Account Number
10
01-10-110-500101
01-10-110-500115
01-10-110-500120
01-10-110-500125
01-10-110-500140
01-10-110-500143
01-10-110-500145
01-10-110-500175

01-10-110-550043

01-10-110-550012
01-10-110-550051

Expense Total

20
210
01-20-210-500105
01-20-210-500114
01-20-210-500115
01-20-210-500120
01-20-210-500125
01-20-210-500140
01-20-210-500143
01-20-210-500145
01-20-210-500150
01-20-210-500155
01-20-210-500165
01-20-210-500175

User: wclayton
Printed: 7/30/2026 7:18:51 AM
Period 06 - 06
Fiscal Year 2026

Budget Variance Expense

General Ledger

$
$
$
$
$
$
$
$
$
$
$
$

$

$
$
$

$
$

$
$
$
$
$
$
$
$
$

619,600.00
2,400.00
47,200.00
11,100.00
113,600.00
1,000.00
300.00
5,900.00
15,100.00
69,300.00
500.00
8,000.00

327,400.00

6,000.00
1,000.00
7,000.00

1,400.00
1,400.00

131,100.00
8,200.00
2,000.00
110,400.00
2,500.00
300.00
1,100.00
63,400.00
319,000.00

Budget

$
$
$
$
$
$
$
$
$
$
$
$

$

$
$
$

$
$

$
$
$
$
$
$
$
$
$

31,095.67
2,313.35
541.05
8,505.31
59.56
22.12
248.95
3,262.45
-

17,563.13

11.50
11.50

-

6,520.80
404.28
94.56
6,242.24
8.91
10.10
35.83
4,234.91
17,551.63

Period Amt

184,802.54
12,675.15
2,964.32
50,118.12
317.28
67.87
1,334.07
21,238.39
527.54

103,103.79

$

$
$
$
$
$
$
$
$
$
$
$
$

6.00
11.50
17.50

189.28
189.28

42,221.40
2,627.83
614.68
37,453.44
53.46
60.60
232.76
19,632.84
102,897.01

$
$
$

$
$

$
$
$
$
$
$
$
$
$

End Bal

434,797.46
2,400.00
34,524.85
8,135.68
63,481.88
682.72
232.13
4,565.93
15,100.00
48,061.61
500.00
7,472.46

224,296.21

$

$
$
$
$
$
$
$
$
$
$
$
$

5,994.00
988.50
6,982.50

1,210.72
1,210.72

88,878.60
5,572.17
1,385.32
72,946.56
2,446.54
239.40
867.24
43,767.16
216,102.99

$
$
$

$
$

$
$
$
$
$
$
$
$
$

Variance

$
$
$
$
$
$
$
$
$
$
$
$

$

$
$
$

$
$

$
$
$
$
$
$
$
$
$

-

-

-

-

-

Encumbered

70.17%
100.00%
73.15%
73.29%
55.88%
68.27%
77.38%
77.39%
100.00%
69.35%
100.00%
93.41%

68.51%

99.90%
98.85%
99.75%

86.48%
86.48%

67.79%
67.95%
69.27%
66.07%
97.86%
79.80%
78.84%
69.03%
67.74%

% Avail/

Attachment 2

Description
Accrued Sick Leave Expense
Accrued Vacation Leave Expense
Accrued Leave Payments
CIP Related Labor
Development Services Personnel
Labor
Social Security
Medicare
Health Insurance
Life Insurance
EAP Program
Workers' Compensation
Unemployment Insurance
Retirement/CalPERS
ENGINEERING Personnel

Permits, Fees & Licensing
Administrative Expenses
Office Supplies
Office Equipment
Engineering Materials & Supplies

Development Reimbursable Eng
Development Reimbursable GIS
Membership Dues
Advertising/Legal Notices
Outside Engineering
Engineering Services

ENGINEERING

FINANCE & ADMINISTRATION
Finance & Administration Personnel
Labor
Overtime
Double Time
Incentive Pay
Social Security
Medicare
Health Insurance
CalPERS Health Admin Costs
Life Insurance
EAP Program

Account Number
01-20-210-500180
01-20-210-500185
01-20-210-500187
01-20-210-500195
220
01-20-220-500105
01-20-220-500115
01-20-220-500120
01-20-220-500125
01-20-220-500140
01-20-220-500143
01-20-220-500145
01-20-220-500150
01-20-220-500155

01-20-210-540048
01-20-210-550029
01-20-210-550042
01-20-210-550046

01-20-210-540012
01-20-210-540014
01-20-210-550030
01-20-210-550051
01-20-210-580031

Expense Total

30
310
01-30-310-500105
01-30-310-500110
01-30-310-500111
01-30-310-500114
01-30-310-500115
01-30-310-500120
01-30-310-500125
01-30-310-500130
01-30-310-500140
01-30-310-500143

$
$
$
$
$
$
$
$
$
$

$

$
$
$
$
$
$

1,238,800.00
6,000.00
4,100.00
3,600.00
99,000.00
23,200.00
205,200.00
2,500.00
2,000.00
500.00

1,035,600.00

2,000.00
5,000.00
120,000.00
127,000.00

3,000.00
11,000.00
1,000.00
5,000.00
20,000.00

81,800.00
5,300.00
1,300.00
21,000.00
200.00
100.00
800.00
2,000.00
7,900.00
888,600.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

Budget
33,900.00
37,400.00
27,900.00
(225,000.00)

$
$
$
$

$
$
$
$
$
$
$
$
$
$

$

$
$
$
$
$
$

$
$
$
$
$

$
$
$
$
$
$
$
$
$
$

$
$
$
$

85,689.26
50.00
5,602.81
1,310.35
16,104.94
82.73
145.45
16.16

79,222.00

14,400.00
180.00
427.09
5,133.33
20,140.42

-

5,165.74
320.62
74.97
1,086.18
5.21
0.62
34.54
450.47
59,081.58

Period Amt
6,256.07
(65.17)
(296.13)

$
$
$
$
$
$
$
$
$
$

$

$
$
$
$
$
$

$
$
$
$
$

$
$
$
$
$
$
$
$
$
$

$
$
$
$

509,488.23
133.02
300.00
33,914.67
7,931.68
96,472.21
486.86
867.73
96.63

427,385.73

18,110.00
31,680.00
506.00
427.09
32,797.52
83,520.61

4,520.70
367.41
4,888.11

35,276.80
2,216.71
518.44
7,588.25
60.33
6.74
230.71
3,433.00
338,977.01

End Bal
7,497.29
5,655.19
7,251.47
(4,803.20)

$
$
$
$
$
$
$
$
$
$

$

$
$
$
$
$
$

$
$
$
$
$

$
$
$
$
$
$
$
$
$
$

$
$
$
$

729,311.77
5,866.98
4,100.00
3,300.00
65,085.33
15,268.32
108,727.79
2,013.14
1,132.27
403.37

608,214.27

(18,110.00)
(31,680.00)
1,494.00
4,572.91
87,202.48
43,479.39

3,000.00
6,479.30
632.59
5,000.00
15,111.89

46,523.20
3,083.29
781.56
13,411.75
139.67
93.26
569.29
2,000.00
4,467.00
549,622.99

Variance
26,402.71
31,744.81
20,648.53
(220,196.80)

$
$
$
$
$
$
$
$
$
$

$

-

-

-

-

$
$
$
$
$
$
$
$
$
$
$

-

$
$
$
$
$
$
$
$
$
$

Encumbered
$
$
$
$
-

58.87%
97.78%
100.00%
91.67%
65.74%
65.81%
52.99%
80.53%
56.61%
80.67%

58.73%

0.00%
0.00%
74.70%
91.46%
72.67%
34.24%

100.00%
58.90%
63.26%
100.00%
75.56%

56.87%
58.18%
60.12%
63.87%
69.84%
93.26%
71.16%
100.00%
56.54%
61.85%

% Avail/
77.88%
84.88%
74.01%
97.87%

Attachment 2

Account Number
01-30-310-500145
01-30-310-500150
01-30-310-500155
01-30-310-500161
01-30-310-500165
01-30-310-500175
01-30-310-500180
01-30-310-500185
01-30-310-500187
01-30-310-560000
320
01-30-320-500105
01-30-320-500114
01-30-320-500115
01-30-320-500120
01-30-320-500125
01-30-320-500140
01-30-320-500143
01-30-320-500145
01-30-320-500150
01-30-320-500155
01-30-320-500165
01-30-320-500175
01-30-320-500176
01-30-320-500177
01-30-320-500180
01-30-320-500185
01-30-320-500187
01-30-320-550024
330
01-30-330-500105
01-30-330-500110
01-30-330-500114
01-30-330-500115
01-30-330-500120
01-30-330-500125
01-30-330-500140
01-30-330-500143
01-30-330-500145
01-30-330-500150
01-30-330-500155
01-30-330-500165
01-30-330-500175

Description
Workers' Compensation
Unemployment Insurance
Retirement/CalPERS
Estimated Current Year OPEB
Uniforms and Employee Benefits
Training/Education/Mtgs/Travel
Accrued Sick Leave Expense
Accrued Vacation Leave Expense
Accrued Leave Payments
GASB 68 Pension Expense
Human Resources & Risk Management Personnel
Labor
Incentive Pay
Social Security
Medicare
Health Insurance
Life Insurance
EAP Program
Workers' Compensation
Unemployment Insurance
Retirement/CalPERS
Uniforms and Employee Benefits
Training/Education/Mtgs/Travel
Dist Professional Development
General Safety Trng & Supplies
Accrued Sick Leave Expense
Accrued Vacation Leave Expense
Accrued Leave Payments
Employment Testing
Customer Service Personnel
Labor
Overtime
Incentive Pay
Social Security
Medicare
Health Insurance
Life Insurance
EAP Program
Workers' Compensation
Unemployment Insurance
Retirement/CalPERS
Uniforms and Employee Benefits
Training/Education/Mtgs/Travel

Budget
10,100.00
29,800.00
285,800.00
99,700.00
1,000.00
38,000.00
67,500.00
114,900.00
144,500.00
361,200.00
145,400.00
600.00
10,100.00
2,400.00
27,200.00
300.00
100.00
1,200.00
3,600.00
13,400.00
300.00
3,800.00
18,800.00
21,200.00
8,900.00
7,400.00
8,100.00
423,500.00
5,600.00
3,000.00
31,100.00
7,300.00
139,900.00
700.00
300.00
3,300.00
10,400.00
71,000.00
500.00
8,000.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$

28,874.92
2,462.15
575.81
13,891.69
44.14
10.10
182.09
5,516.12
-

10,848.24
690.38
161.46
2,257.06
17.98
2.02
61.16
1,001.63
500.00
278.16
583.25

Period Amt
522.52
21,135.68
23,925.00
833.59
3,661.75
1,728.63
11,775.00

$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$

163,362.92
80.42
11,296.90
2,641.95
64,471.65
280.61
56.56
953.84
30,735.05
56.17
778.75

62,299.90
4,012.83
938.49
13,542.36
107.88
12.12
355.20
5,827.86
70.77
9,023.96
1,668.96
695.40
75.10
3,315.25

End Bal
3,027.42
124,381.96
47,850.00
8,472.39
14,828.59
19,687.19
26,529.10
23,550.00

$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$

260,137.08
5,519.58
3,000.00
19,803.10
4,658.05
75,428.35
419.39
243.44
2,346.16
10,400.00
40,264.95
443.83
7,221.25

83,100.10
600.00
6,087.17
1,461.51
13,657.64
192.12
87.88
844.80
3,600.00
7,572.14
229.23
3,800.00
18,800.00
12,176.04
7,231.04
6,704.60
(75.10)
4,784.75

Variance
7,072.58
29,800.00
161,418.04
51,850.00
1,000.00
29,527.61
52,671.41
95,212.81
117,970.90
337,650.00

$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

-

-

Encumbered
$
$
$
$
$
$
$
$
$
$
-

61.43%
98.56%
100.00%
63.68%
63.81%
53.92%
59.91%
81.15%
71.10%
100.00%
56.71%
88.77%
90.27%

57.15%
100.00%
60.27%
60.90%
50.21%
64.04%
87.88%
70.40%
100.00%
56.51%
76.41%
100.00%
100.00%
57.43%
81.25%
90.60%
0.00%
59.07%

% Avail/
70.03%
100.00%
56.48%
52.01%
100.00%
77.70%
78.03%
82.87%
81.64%
93.48%

Attachment 2

Description
Accrued Sick Leave Expense
Accrued Vacation Leave Expense
Accrued Leave Payments
FINANCE & ADMINISTRATION Personnel

Finance & Administration Materials & Supplies
Office Supplies
Office Equipment
Postage
Subscriptions
Miscellaneous Operating Exp
Bad Debt Expense
Depreciation
Human Resources & Risk Management Materials & Supplies
District Certification
Office Supplies
Customer Service Materials & Supplies
Cashiering Shortages/Overages
FINANCE & ADMINISTRATION Materials & Supplies

Finance & Administration Services
Bank/Financial Service Fees
Membership Dues
Advertising/Legal Notices
Property, Auto, General Ins
Media Outreach
Accounting and Audit
General Legal
Other Professional Services
Human Resources & Risk Management Services
Employee Retention
Recruitment Expense
Membership Dues
Advertising/Legal Notices
Other Professional Services
Customer Service Services
Temporary Labor
Transaction/Return Fees
Credit Check Fees
Membership Dues
Notary and Lien Fees
Utility Billing Service
Advertising/Legal Notices

Account Number
01-30-330-500180
01-30-330-500185
01-30-330-500187

310
01-30-310-550042
01-30-310-550046
01-30-310-550048
01-30-310-550066
01-30-310-550072
01-30-310-550078
01-30-310-550084
320
01-30-320-550028
01-30-320-550042
330
01-30-330-550006

310
01-30-310-550001
01-30-310-550030
01-30-310-550051
01-30-310-550054
01-30-310-550061
01-30-310-580001
01-30-310-580011
01-30-310-580036
320
01-30-320-550025
01-30-320-550026
01-30-320-550030
01-30-320-550051
01-30-320-580036
330
01-30-330-500190
01-30-330-550008
01-30-330-550014
01-30-330-550030
01-30-330-550036
01-30-330-550050
01-30-330-550051
6,000.00
9,000.00
1,100.00
1,600.00
11,000.00
16,100.00
1,200.00
6,200.00
1,100.00
2,000.00
76,000.00
900.00

$
$
$
$
$
$
$
$
$
$
$
$

100.00
4,065,800.00

$
$

4,500.00
50,500.00
1,500.00
317,500.00
5,000.00
48,200.00
179,300.00
142,800.00

4,500.00
1,900.00

$
$

$
$
$
$
$
$
$
$

11,600.00
3,300.00
141,900.00
500.00
500.00
25,000.00
3,876,500.00

Budget
21,100.00
26,800.00
22,400.00
3,785,100.00

$
$
$
$
$
$
$

$
$
$
$

$
$
$
$
$
$
$

$
$
$
$
$

$
$
$
$
$
$
$
$

$
$

$
$

$
$
$
$
$
$
$

$
$
$
$

63.53
553.92
140.00
2,339.34
-

113.21
33.13
-

365.34
2,570.83
21,070.94
505.00
22,850.00
641.36

353,301.85

-

649.81
7,100.36
345,551.68

Period Amt
3,009.00
1,242.89
6,570.44
251,364.56

$
$
$
$
$
$
$

$
$
$
$
$

$
$
$
$
$
$
$
$

$
$

$
$

$
$
$
$
$
$
$

$
$
$
$

341.19
2,468.08
427.00
12,169.30
-

471.80
345.72
499.00
219.79
-

2,140.56
33,619.27
329.65
126,425.64
34,674.00
91,052.06
2,529.25

2.18
2,131,405.38

4,221.00
34.20

3,087.11
40.93
50,580.93
2,073,439.03

End Bal
7,421.94
2,748.98
8,370.44
1,313,219.94

$
$
$
$
$
$
$

$
$
$
$
$

$
$
$
$
$
$
$
$

$
$

$
$

$
$
$
$
$
$
$

$
$
$
$

16,100.00
858.81
3,731.92
1,100.00
1,573.00
63,830.70
900.00

5,528.20
8,654.28
601.00
1,380.21
11,000.00

2,359.44
16,880.73
1,170.35
191,074.36
5,000.00
13,526.00
88,247.94
140,270.75

97.82
1,934,394.62

279.00
1,865.80

8,512.89
3,259.07
91,319.07
500.00
500.00
25,000.00
1,803,060.97

Variance
13,678.06
24,051.02
14,029.56
2,471,880.06

$
$
$
$
$
$
$

$
$
$
$
$

$
$
$
$
$
$
$
$

$
$

$
$

$
$
$
$
$
$
$

-

-

-

-

-

-

Encumbered
$
$
$
$
-

100.00%
71.57%
60.19%
100.00%
78.65%
83.99%
100.00%

92.14%
96.16%
54.64%
86.26%
100.00%

52.43%
33.43%
78.02%
60.18%
100.00%
28.06%
49.22%
98.23%

97.82%
47.58%

6.20%
98.20%

73.39%
98.76%
64.35%
100.00%
100.00%
100.00%
46.51%

% Avail/
64.82%
89.74%
62.63%
65.31%

Attachment 2

Description
FINANCE & ADMINISTRATION Services

FINANCE & ADMINISTRATION

IT & CYBERSECURITY
Labor
Incentive Pay
Social Security
Medicare
Health Insurance
Life Insurance
EAP Program
Workers' Compensation
Unemployment Insurance
Retirement/CalPERS
Training/Education/Mtgs/Travel
Accrued Sick Leave Expense
Accrued Vacation Leave Expense
Accrued Leave Payments
IT & Cybersecurity Personnel

Printing/Toner and Maintenance
Computer Hardware
Cybersecurity Soft/Hardware
Repair/Purchase Radio Comm Eq
IT & Cybersecurity Materials & Supplies

Telephone/Internet Service
Building Alarms and Security
GIS Maintenance and Updates
Membership Dues
Cyber Security Liability Ins
IT/Software Support
License/Maintenance/Support
AMR/AMI Annual Support
IT & Cybersecurity Services

IT & CYBERSECURITY

OPERATIONS
Source of Supply Personnel
Labor
Overtime

Account Number

Expense Total

35
01-35-315-500105
01-35-315-500114
01-35-315-500115
01-35-315-500120
01-35-315-500125
01-35-315-500140
01-35-315-500143
01-35-315-500145
01-35-315-500150
01-35-315-500155
01-35-315-500175
01-35-315-500180
01-35-315-500185
01-35-315-500187

01-35-315-550044
01-35-315-580016
01-35-315-580028
01-35-315-580030

01-35-315-501511
01-35-315-501521
01-35-315-540016
01-35-315-550030
01-35-315-550058
01-35-315-580021
01-35-315-580026
01-35-315-580027

Expense Total

40
410
01-40-410-500105
01-40-410-500110

$
$

$

$
$
$
$
$
$
$
$
$

$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$

$

535,700.00
42,100.00

1,136,700.00

93,000.00
34,000.00
30,000.00
3,000.00
7,500.00
8,000.00
301,000.00
171,200.00
647,700.00

30,000.00
30,000.00
60,900.00
10,000.00
130,900.00

206,300.00
600.00
17,200.00
4,100.00
28,800.00
400.00
100.00
1,600.00
5,000.00
19,200.00
5,300.00
11,600.00
25,000.00
32,900.00
358,100.00

8,732,400.00

Budget
881,500.00

$
$

$

$
$
$
$
$
$
$
$
$

$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$

$

34,074.78
1,220.69

65,781.73

7,317.26
1,450.90
8,640.00
880.00
12,346.25
6,076.18
36,710.59

686.64
447.40
5,160.33
6,294.37

17,709.44
951.92
222.62
2,386.57
24.80
2.02
84.30
1,395.10
22,776.77

655,913.01

Period Amt
51,246.60

210,459.58
2,974.83

466,565.76

$

$
$

44,859.10
9,753.70
9,600.00
1,609.88
1,100.00
144,940.30
36,862.08
248,725.06

9,353.72
6,755.53
30,054.33
6,028.60
52,192.18

101,005.10
5,843.68
1,366.63
14,319.42
148.80
12.12
495.46
13,119.91
3,480.00
25,857.40
165,648.52

3,752,337.63

End Bal
307,712.31

$
$
$
$
$
$
$
$
$

$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$

$

325,240.42
39,125.17

670,134.24

$

$
$

48,140.90
24,246.30
20,400.00
1,390.12
7,500.00
6,900.00
156,059.70
134,337.92
398,974.94

20,646.28
23,244.47
30,845.67
3,971.40
78,707.82

105,294.90
600.00
11,356.32
2,733.37
14,480.58
251.20
87.88
1,104.54
5,000.00
6,080.09
1,820.00
11,600.00
25,000.00
7,042.60
192,451.48

4,980,062.37

Variance
573,787.69

$
$
$
$
$
$
$
$
$

$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$

$

$
$

$

$
$
$
$
$
$
$
$
$

$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$

-

-

-

-

-

-

Encumbered
$
-

60.71%
92.93%

58.95%

51.76%
71.31%
68.00%
46.34%
100.00%
86.25%
51.85%
78.47%
61.60%

68.82%
77.48%
50.65%
39.71%
60.13%

51.04%
100.00%
66.03%
66.67%
50.28%
62.80%
87.88%
69.03%
100.00%
31.67%
34.34%
100.00%
100.00%
21.41%
53.74%

57.03%

% Avail/
65.09%

Attachment 2

Account Number
01-40-410-500111
01-40-410-500113
01-40-410-500114
01-40-410-500115
01-40-410-500120
01-40-410-500125
01-40-410-500140
01-40-410-500143
01-40-410-500145
01-40-410-500150
01-40-410-500155
01-40-410-500165
01-40-410-500175
01-40-410-500180
01-40-410-500185
01-40-410-500187
01-40-410-500195
430
01-40-430-500105
01-40-430-500110
01-40-430-500111
01-40-430-500114
01-40-430-500115
01-40-430-500120
01-40-430-500125
01-40-430-500140
01-40-430-500143
01-40-430-500145
01-40-430-500150
01-40-430-500155
01-40-430-500165
01-40-430-500175
01-40-430-500180
01-40-430-500185
01-40-430-500187
440
01-40-440-500105
01-40-440-500110
01-40-440-500111
01-40-440-500113
01-40-440-500114
01-40-440-500115
01-40-440-500120

Description
Double Time
Standby/On-Call
Incentive Pay
Social Security
Medicare
Health Insurance
Life Insurance
EAP Program
Workers' Compensation
Unemployment Insurance
Retirement/CalPERS
Uniforms and Employee Benefits
Training/Education/Mtgs/Travel
Accrued Sick Leave Expense
Accrued Vacation Leave Expense
Accrued Leave Payments
CIP Related Labor
Cross-Connection/Non-Potable Water Personnel
Labor
Overtime
Double Time
Incentive Pay
Social Security
Medicare
Health Insurance
Life Insurance
EAP Program
Workers' Compensation
Unemployment Insurance
Retirement/CalPERS
Uniforms and Employee Benefits
Training/Education/Mtgs/Travel
Accrued Sick Leave Expense
Accrued Vacation Leave Expense
Accrued Leave Payments
Transmission & Distribution Personnel
Labor
Overtime
Double Time
Standby/On-Call
Incentive Pay
Social Security
Medicare

Budget
19,900.00
14,700.00
3,000.00
44,700.00
10,500.00
138,200.00
900.00
300.00
22,400.00
63,100.00
137,300.00
3,500.00
2,500.00
24,700.00
40,500.00
39,800.00
(22,800.00)
119,900.00
5,400.00
1,500.00
600.00
9,500.00
2,300.00
28,800.00
200.00
100.00
4,900.00
3,000.00
42,400.00
1,000.00
2,000.00
5,600.00
8,600.00
9,800.00
1,470,400.00
86,700.00
37,900.00
22,900.00
6,600.00
118,500.00
27,800.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

98,680.50
5,853.06
1,433.68
1,960.00
350.00
7,203.24
1,684.61

8,477.87
50.00
566.48
132.48
2,371.82
14.76
2.02
263.69
3,352.82
371.09
228.36
-

Period Amt
48.00
1,120.00
200.00
2,714.18
634.75
11,456.06
65.85
10.10
1,248.71
9,811.46
683.51
90.00
3,775.22
4,137.28
-

$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

564,949.32
26,169.80
8,754.60
11,120.00
1,900.00
40,847.26
9,609.03

48,296.18
2.35
0.94
300.00
3,246.81
759.31
14,186.50
87.14
12.09
1,510.67
19,682.66
44.50
592.79
3,111.41
513.81
-

End Bal
101.44
6,600.00
1,200.00
15,859.67
3,709.06
68,837.00
395.10
60.60
7,169.84
57,764.68
1,420.45
589.00
17,272.95
18,654.28
4,800.00
(318.48)

$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

905,450.68
60,530.20
29,145.40
11,780.00
4,700.00
77,652.74
18,190.97

71,603.82
5,397.65
1,499.06
300.00
6,253.19
1,540.69
14,613.50
112.86
87.91
3,389.33
3,000.00
22,717.34
955.50
1,407.21
2,488.59
8,086.19
9,800.00

Variance
19,798.56
8,100.00
1,800.00
28,840.33
6,790.94
69,363.00
504.90
239.40
15,230.16
63,100.00
79,535.32
2,079.55
1,911.00
7,427.05
21,845.72
35,000.00
(22,481.52)

$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

-

-

Encumbered
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-

61.58%
69.82%
76.90%
51.44%
71.21%
65.53%
65.44%

59.72%
99.96%
99.94%
50.00%
65.82%
66.99%
50.74%
56.43%
87.91%
69.17%
100.00%
53.58%
95.55%
70.36%
44.44%
94.03%
100.00%

% Avail/
99.49%
55.10%
60.00%
64.52%
64.68%
50.19%
56.10%
79.80%
67.99%
100.00%
57.93%
59.42%
76.44%
30.07%
53.94%
87.94%
98.60%

Attachment 2

Account Number
01-40-440-500125
01-40-440-500140
01-40-440-500143
01-40-440-500145
01-40-440-500155
01-40-440-500165
01-40-440-500175
01-40-440-500180
01-40-440-500185
01-40-440-500187
01-40-440-500195
450
01-40-450-500105
01-40-450-500110
01-40-450-500111
01-40-450-500113
01-40-450-500115
01-40-450-500120
01-40-450-500125
01-40-450-500140
01-40-450-500143
01-40-450-500145
01-40-450-500155
460
01-40-460-500105
01-40-460-500110
01-40-460-500111
01-40-460-500113
01-40-460-500114
01-40-460-500115
01-40-460-500120
01-40-460-500125
01-40-460-500140
01-40-460-500143
01-40-460-500145
01-40-460-500155
01-40-460-500165
01-40-460-500175
01-40-460-500180
01-40-460-500185
01-40-460-500187
01-40-460-500195
470

Description
Health Insurance
Life Insurance
EAP Program
Workers' Compensation
Retirement/CalPERS
Uniforms and Employee Benefits
Training/Education/Mtgs/Travel
Accrued Sick Leave Expense
Accrued Vacation Leave Expense
Accrued Leave Payments
CIP Related Labor
Inspections Personnel
Labor
Overtime
Double Time
Standby/On-Call
Social Security
Medicare
Health Insurance
Life Insurance
EAP Program
Workers' Compensation
Retirement/CalPERS
Customer Svc & Meter Reading Personnel
Labor
Overtime
Double Time
Standby/On-Call
Incentive Pay
Social Security
Medicare
Health Insurance
Life Insurance
EAP Program
Workers' Compensation
Retirement/CalPERS
Uniforms and Employee Benefits
Training/Education/Mtgs/Travel
Accrued Sick Leave Expense
Accrued Vacation Leave Expense
Accrued Leave Payments
CIP Related Labor
Maintenance & General Plant Personnel

Budget
318,200.00
2,400.00
900.00
47,900.00
299,000.00
15,500.00
18,500.00
78,700.00
109,800.00
94,800.00
(200,000.00)
67,900.00
7,900.00
3,200.00
2,800.00
5,300.00
1,300.00
18,600.00
200.00
100.00
2,900.00
13,900.00
293,400.00
17,500.00
6,200.00
2,800.00
1,200.00
23,000.00
5,400.00
89,500.00
500.00
200.00
12,100.00
87,100.00
1,500.00
600.00
9,100.00
17,000.00
19,100.00
(41,000.00)

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$

17,911.43
1,257.50
294.09
5,261.70
32.53
5.89
585.47
6,580.44
479.64
(346.46)
1,764.18
(598.94)

4,639.83
1,271.86
368.52
86.20
1,317.29
6.40
1.34
158.99
409.74

Period Amt
23,376.12
166.33
28.55
2,862.78
23,068.66
6,838.01
60.00
4,089.84
3,387.36
(288.46)

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$

97,708.59
358.39
6,810.21
1,592.70
30,858.66
182.35
32.06
3,166.76
38,164.94
568.50
1,535.74
4,088.61
(2,418.06)

35,745.46
4,225.13
34.87
2,487.41
581.78
6,045.73
53.85
11.64
1,113.60
3,181.64

End Bal
138,360.19
1,012.31
177.21
16,213.36
136,988.39
9,787.08
14,315.33
20,984.86
13,568.73
16,734.51
(8,321.20)

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$

195,691.41
17,141.61
6,200.00
2,800.00
1,200.00
16,189.79
3,807.30
58,641.34
317.65
167.94
8,933.24
48,935.06
931.50
600.00
7,564.26
12,911.39
19,100.00
(38,581.94)

32,154.54
3,674.87
3,165.13
2,800.00
2,812.59
718.22
12,554.27
146.15
88.36
1,786.40
10,718.36

Variance
179,839.81
1,387.69
722.79
31,686.64
162,011.61
5,712.92
4,184.67
57,715.14
96,231.27
78,065.49
(191,678.80)

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$

-

-

Encumbered
$
$
$
$
$
$
$
$
$
$
$
-

66.70%
97.95%
100.00%
100.00%
100.00%
70.39%
70.51%
65.52%
63.53%
83.97%
73.83%
56.18%
62.10%
100.00%
83.12%
75.95%
100.00%
94.10%

47.36%
46.52%
98.91%
100.00%
53.07%
55.25%
67.50%
73.08%
88.36%
61.60%
77.11%

% Avail/
56.52%
57.82%
80.31%
66.15%
54.18%
36.86%
22.62%
73.34%
87.64%
82.35%
95.84%

Attachment 2

410
01-40-410-501101
01-40-410-501201
01-40-410-510011
01-40-410-510021
01-40-410-510031
01-40-410-520021
01-40-410-520061
01-40-410-530001
01-40-410-550042
01-40-410-550066
430
01-40-430-510031
01-40-430-540001
01-40-430-550042
01-40-430-550066
440
01-40-440-500178
01-40-440-510031
01-40-440-520071
01-40-440-520081
01-40-440-540024
01-40-440-540036
01-40-440-540042

Account Number
01-40-470-500105
01-40-470-500110
01-40-470-500111
01-40-470-500113
01-40-470-500114
01-40-470-500115
01-40-470-500120
01-40-470-500125
01-40-470-500140
01-40-470-500143
01-40-470-500145
01-40-470-500155
01-40-470-500165
01-40-470-500175
01-40-470-500180
01-40-470-500185
01-40-470-500187

Source of Supply Materials & Supplies
Electricity - Wells
Gas - Wells
Treatment and Chemicals
Lab Testing
Small Tools, Parts, & Maint
Maint & Repair-Telemetry
Maint & Repair-Pumping Equip
Minor Capital Acquisitions
Office Supplies
Subscriptions
Cross-Connection/Non-Potable Water Materials & Supplies
Small Tools Parts & Maint
Backflow Maintenance
Office Supplies
Subscriptions
Transmission & Distribution Materials & Supplies
General Safety Supplies
Small Tools, Parts, & Maint
Maint & Repair-Pipeline/FireHy
Maint & Repair-Hydraulic Valve
Inventory Adjustments
Line Locates
Meters Maintenance & Services

Incentive Pay
Social Security
Medicare
Health Insurance
Life Insurance
EAP Program
Workers' Compensation
Retirement/CalPERS
Uniforms and Employee Benefits
Training/Education/Mtgs/Travel
Accrued Sick Leave Expenses
Accrued Vacation Expenses
Accrued Leave Payments
OPERATIONS Personnel

Description
Labor
Overtime
Double Time

3,000,000.00
500.00
225,000.00
100,000.00
10,000.00
5,000.00
128,000.00
500.00
1,600.00
500.00
2,000.00
40,800.00
200.00
500.00
12,000.00
40,000.00
145,000.00
50,000.00
50,000.00
4,800.00
250,000.00

$
$
$
$
$
$
$
$
$
$
$

Budget
221,700.00
8,800.00
3,400.00
2,800.00
1,200.00
16,300.00
3,900.00
63,400.00
400.00
200.00
9,200.00
21,100.00
2,000.00
2,000.00
7,500.00
9,600.00
5,200.00
4,971,100.00

$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$

$
$
$
$

$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

1,247.89
828.80
41,335.34
242.20
11,670.83

32.84
-

274,223.62
14.30
20,060.70
10,651.00
385.96
48,169.21
26.88
-

Period Amt
20,669.64
129.18
100.00
1,328.46
310.72
4,946.33
38.60
8.14
613.12
1,899.48
585.97
297.01
212.15
340,502.70

$
$
$
$
$
$
$

$
$
$
$

$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

5,762.18
9,373.49
117,677.43
15,843.64
2,582.22
140,632.03

80.64
5,859.94
-

1,229,573.33
88.27
75,872.90
58,706.57
6,012.21
110,879.70
1,346.68
-

End Bal
110,864.71
601.93
600.00
7,339.68
1,716.60
31,224.10
200.65
40.11
3,374.56
10,498.12
985.97
475.00
2,750.25
3,479.89
1,943,350.07

$
$
$
$
$
$
$

$
$
$
$

$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

6,237.82
30,626.51
27,322.57
34,156.36
50,000.00
2,217.78
109,367.97

1,919.36
34,940.06
200.00
500.00

1,770,426.67
411.73
149,127.10
41,293.43
3,987.79
5,000.00
17,120.30
500.00
253.32
500.00

Variance
110,835.29
8,198.07
3,400.00
2,800.00
600.00
8,960.32
2,183.40
32,175.90
199.35
159.89
5,825.44
10,601.88
1,014.03
1,525.00
4,749.75
6,120.11
5,200.00
3,027,749.93

$
$
$
$
$
$
$

$
$
$
$

$
$
$
$
$
$
$
$
$
$

1,781.41
3,356.11

-

-

Encumbered
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-

51.98%
76.57%
17.61%
68.31%
100.00%
46.20%
42.40%

95.97%
85.64%
100.00%
100.00%

59.01%
82.35%
66.28%
41.29%
39.88%
100.00%
13.38%
100.00%
15.83%
100.00%

% Avail/
49.99%
93.16%
100.00%
100.00%
50.00%
54.97%
55.98%
50.75%
49.84%
79.95%
63.32%
50.25%
50.70%
76.25%
63.33%
63.75%
100.00%
60.91%

Attachment 2

Description
Reservoir Maintenance
Maintenance & General Plant Materials & Supplies
Electricity -560 Magnolia Ave
Electricity -12303 Oak Glen Rd
Electricity -13695 Oak Glen Rd
Electricity -13697 Oak Glen Rd
Electricity -9781 AveMiravilla
Electricity -815 E 12th St
Electricity -851 E 6th St
Electricity -37612 Ch Val Blvd
Gas-37612 Ch Va Blv
Propane -12303 Oak Glen Rd
Propane -13695 Oak Glen Rd
Propane -13697 Oak Glen Rd
Propane -9781 AveMiravilla
Sanitation -560 Magnolia Ave
Sanitation -815 E 12th Ave
Sanitation -11083 Cherry Ave
Sanitation - 39500 Brookside
Sanitation -37612 Ch Val Blvd
Property Maintenance & Repairs
Maint & Repair-560 Magnolia
Maint & Repair-12303 Oak Glen
Maint & Repair-13695 Oak Glen
Maint & Repair-13697 Oak Glen
Maint & Repair-9781 Avenida
Maint & Repair-815 E 12th St
Maint & Repair-851 E 6th St
Maint & Repair-39500 Brookside
Maint & Repair-Buildings(Gen)
Auto/Fuel
CIP Related Fuel
Maint & Repair-Safety Equip
Maint & Repair-General Equip
Maintenance & Repair-Fleet
Maintenance & Repair-Paving
Maint & Repair-Paving-Beaumont
Minor Capital Acquisitions
Encroachment Permits

Source of Supply Services
State Project Water Purchases

Account Number
01-40-440-540078
470
01-40-470-501111
01-40-470-501121
01-40-470-501131
01-40-470-501141
01-40-470-501151
01-40-470-501161
01-40-470-501171
01-40-470-501181
01-40-470-501281
01-40-470-501321
01-40-470-501331
01-40-470-501341
01-40-470-501351
01-40-470-501411
01-40-470-501461
01-40-470-501471
01-40-470-501481
01-40-470-501491
01-40-470-501600
01-40-470-501611
01-40-470-501621
01-40-470-501631
01-40-470-501641
01-40-470-501651
01-40-470-501661
01-40-470-501671
01-40-470-501681
01-40-470-501691
01-40-470-510001
01-40-470-510002
01-40-470-520011
01-40-470-520031
01-40-470-520041
01-40-470-520051
01-40-470-520053
01-40-470-530001
01-40-470-540052

410
01-40-410-500501

4,468,800.00

44,000.00
2,600.00
4,000.00
5,000.00
3,000.00
15,400.00
5,400.00
700.00
350.00
2,000.00
4,000.00
5,500.00
2,300.00
8,000.00
8,000.00
8,000.00
8,000.00
350.00
4,000.00
83,600.00
21,000.00
3,000.00
3,000.00
4,500.00
50,000.00
5,000.00
4,000.00
29,000.00
179,300.00
(10,000.00)
10,000.00
100,000.00
90,000.00
100,000.00
270,000.00
14,000.00
20,000.00
5,223,400.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$

Budget
50,000.00

$

$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$

1,375,752.00

6,460.59
32.89
139.74
368.21
163.93
39.15
454.66
276.38
554.16
377.05
529.61
81.88
2,064.19
1,003.73
354.14
76.00
1,159.42
12,047.27
13,039.68
5,288.40
453,400.65

Period Amt
-

$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$

3,601,773.00

19,276.19
227.73
709.62
1,618.21
743.92
1,301.40
2,216.59
786.75
1,086.27
205.00
1,909.90
3,324.96
2,262.30
3,177.66
81.88
22,140.65
531.36
13,900.44
2,704.60
2,430.20
17,965.98
74,469.27
87.02
40,108.08
49,209.72
81,570.10
13,209.94
2,138,938.34

End Bal
1,391.37

$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$

867,027.00

24,723.81
2,372.27
3,290.38
3,381.79
2,256.08
14,098.60
3,183.41
700.00
350.00
2,000.00
3,213.25
4,413.73
2,095.00
6,090.10
4,675.04
5,737.70
4,822.34
350.00
3,918.12
61,459.35
21,000.00
3,000.00
3,000.00
3,968.64
36,099.56
2,295.40
1,569.80
11,034.02
104,830.73
(10,000.00)
9,912.98
59,891.92
40,790.28
100,000.00
188,429.90
790.06
20,000.00
3,084,461.66

Variance
48,608.63

$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

-

5,137.52

Encumbered
$
-

19.40%

56.19%
91.24%
82.26%
67.64%
75.20%
91.55%
58.95%
100.00%
100.00%
100.00%
80.33%
80.25%
91.09%
76.13%
58.44%
71.72%
60.28%
100.00%
97.95%
73.52%
100.00%
100.00%
100.00%
88.19%
72.20%
45.91%
39.25%
38.05%
58.47%
100.00%
99.13%
59.89%
45.32%
100.00%
69.79%
5.64%
100.00%
58.95%

% Avail/
97.22%

Attachment 2

Description
Regulations Mandates & Tariffs
Membership Dues
Advertising/Legal Notices
Cross-Connection/Non-Potable Water Services
Membership Dues
Advertising/Legal Notices
Transmission & Distribution Services
Membership Dues
Customer Svc & Meter Reading Services
Membership Dues
Maintenance & General Plant Services
Landscape Maintenance
NCRF, Canyons, & Pond Maint
Membership Dues
OPERATIONS Services

OPERATIONS

GENERAL
Stipend-Association Mtg Attend
Personnel

Rents/Leases
Small Tools, Parts, & Maint
Property Damage and Theft
General Supplies
Public Ed/Community Outreach
Miscellaneous Operating Exp
Disaster Prepared Ongoing Exp
General Materials & Supplies

Beaumont Basin Watermaster
SAWPA Basin Monitoring Program
General Services

GENERAL

ALL EXPENSES

Account Number
01-40-410-540084
01-40-410-550030
01-40-410-550051
430
01-40-430-550030
01-40-430-550051
440
01-40-440-550030
460
01-40-460-550030
470
01-40-470-540030
01-40-470-540072
01-40-470-550030

Expense Total

50
01-50-510-500112

01-50-510-502001
01-50-510-510031
01-50-510-540066
01-50-510-550040
01-50-510-550060
01-50-510-550072
01-50-510-550074

01-50-510-550096
01-50-510-550097

Expense Total

Expense Total

1,500.00
100.00
90,000.00
260,300.00
100.00
5,012,800.00

$
$
$
$
$
$

$

$

26,768,200.00

328,800.00

135,000.00
37,000.00
172,000.00

41,000.00
1,000.00
60,000.00
15,800.00
25,000.00
1,000.00
11,000.00
154,800.00

$
$
$
$
$
$
$
$
$
$
$

2,000.00
2,000.00

$
$

15,207,300.00

2,500.00
500.00

$
$

$

Budget
185,000.00
2,000.00
2,000.00

$
$
$

$

$

$
$
$

$
$
$
$
$
$
$
$

$
$

$

$
$
$
$

$

$

$
$

$
$
$

3,038,289.66

11,994.82

8,045.01
8,045.01

2,996.00
379.82
498.99
3,874.81

75.00
75.00

2,207,814.97

8,634.41
19,317.03
1,413,911.62

-

-

-

Period Amt
10,208.18
-

$

$

$
$
$

$
$
$
$
$
$
$
$

$
$

$

$
$
$
$

$

$

$
$

$
$
$

12,739,453.67

70,783.79

40,419.12
40,419.12

17,976.00
331.90
3,099.95
6,214.81
2,367.01
29,989.67

375.00
375.00

7,919,276.97

36,211.28
131,305.43
3,836,988.56

-

-

1,633.26
-

End Bal
65,548.57
517.02

$

$

$
$
$

$
$
$
$
$
$
$
$

$
$

$

$
$
$
$

$

$

$
$

$
$
$

14,028,746.33

258,016.21

94,580.88
37,000.00
131,580.88

23,024.00
1,000.00
59,668.10
12,700.05
18,785.19
1,000.00
8,632.99
124,810.33

1,625.00
1,625.00

7,288,023.03

53,788.72
128,994.57
100.00
1,175,811.44

100.00

1,500.00

866.74
500.00

Variance
119,451.43
2,000.00
1,482.98

$

$

$
$
$

$
$
$
$
$
$
$
$

$
$

$

$
$
$
$

$

$

$
$

5,137.52

-

-

-

-

5,137.52

-

-

-

-

Encumbered
$
$
$
-

52.39%

78.47%

70.06%
100.00%
76.50%

56.16%
100.00%
99.45%
80.38%
75.14%
100.00%
78.48%
80.63%

81.25%
81.25%

47.89%

59.77%
49.56%
100.00%
23.46%

100.00%

100.00%

34.67%
100.00%

% Avail/
64.57%
100.00%
74.15%

Attachment 2

Beaumont-Cherry Valley Water District
Board of Directors Meeting
August 12, 2026

Item 3b

STAFF REPORT
TO:

Board of Directors

FROM:

Dan Jaggers, General Manager

SUBJECT:

June 30, 2026 Cash Balance and Investment Report

Staff Recommendation
Approve the June 30, 2026, Cash Balance and Investment Report.
Summary
Attached is the Cash and Investment Report as of June 30, 2026. The District’s total invested
cash and marketable securities have a market value of $89,299,475.17.
Analysis
The attached reports include the following elements following 5045.17 Investment Reporting:
a. Listing of individual securities held at the end of the reporting period;
b. Cost and market value of all securities, including realized and unrealized market value
gains or losses per GASB requirements;
c. Average weighted yield to maturity of the portfolio;
d. Listing of investment by maturity date;
e. Percentage of the total portfolio, which each type of investment represents;
f. Statement of compliance with Investment Policy, including an explanation of any
compliance exceptions (CGC Section 53646); and
g. Certification of sufficient liquidity to meet budgeted expenditures over the ensuing six
months (CGC Section 53646)
Investments, in type, maturity, and percentage of the total portfolio, follow the existing Board
approved investment policy.
The weighted average maturity (WAM) of the portfolio is 301 days. The maximum WAM allowed
by the Investment Policy is 1,825 days. The current portfolio and expected revenue cash flow will
be sufficient to meet budgeted expenditure requirements for the next six months and the
foreseeable future.
Attachment(s)
1. June 30, 2026, Cash Balance and Investment Report
2. Local Agency Investment Fund June 2026 Statement
3. CalTRUST June 2026 Statement
4. Chandler Asset Management Portfolio Summary as of June 30, 2026
5. Chandler Asset Management Statement of Compliance as of June 30, 2026
6. Chandler Asset Management Holdings Report as of June 30, 2026
7. Chandler Asset Management Income Earned Report as of June 30, 2026
Staff Report prepared by Erica Gonzales, Management Analyst II

$WWDFKPHQW

$WWDFKPHQW
Local Agency Investment
Fund
P.O. Box 942809
July 01, 2026
Sacramento, CA 94209-0001
(916) 653-3001
LAIF Home
PMIA Average Monthly Yields
BEAUMONT-CHERRY VALLEY WATER DISTRICT
TREASURER
P.O. BOX 2037
BEAUMONT, CA 92223
Tran Type Definitions
Account Number:
June 2026 Statement

Account Summary
Total Deposit:

0.00

Beginning Balance:

37,537,449.42

Total Withdrawal:

0.00

Ending Balance:

37,537,449.42

$WWDFKPHQW

Ϭ͘ϵϰ

ǀĞƌĂŐĞ>ŝĨĞ

džĞĐƵƟŽŶdŝŵĞ͗ϬϳͬϬϵͬϮϬϮϲϬϵ͗ϰϮ͗ϯϭD

ϴϳ͕ϵϮϯ͕ϴϵϰ͘ϲϴ

ϴϴ͕ϭϬϳ͕ϳϰϬ͘ϱϬ

ϴϴ͕ϮϮϬ͕ϳϭϬ͘ϰϮ

310,000.00

ϭϵϴ͕ϱϮϱ͘ϰϯ

88,358,155.17

ϯϯϵ͕Ϭϯϳ͘Ϯϭ

ϴϴ͕Ϭϭϵ͕ϭϭϳ͘ϵϱ

End Values as of
06/30/2026

Ϭ͘ϲϵй

'D&ŝŶĂŶĐŝĂůƵƚŽ>ĞĂƐŝŶŐdƌƵƐƚ

CONFIDENTIAL | 2

Ϭ͘ϳϮй

:WDŽƌŐĂŶŚĂƐĞΘŽ͘

ƌĞĚŝƚYƵĂůŝƚLJΎ

ϯ͘ϰϳй

ϯ͘ϱϮй

ϯ͘ϴϳй

&ĞĚĞƌĂů,ŽŵĞ>ŽĂŶĂŶŬƐ

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&ĞĚĞƌĂů,ŽŵĞ>ŽĂŶDŽƌƚŐĂŐĞŽƌƉ

ϴ͘ϲϲй

ϭϳ͘ϰϱй

United States
CalTrust

ϰϮ͘ϲϱй

LAIF

dŽƉ/ƐƐƵĞƌƐ

ŚĂŶĚůĞƌƐƐĞƚDĂŶĂŐĞŵĞŶƚͮŝŶĨŽΛĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮǁǁǁ͘ĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮϴϬϬ͘ϯϭϳ͘ϰϳϰϳ

ϴϳ͕ϯϯϯ͕ϱϲϮ͘Ϯϲ

ϴϳ͕ϱϭϱ͕ϭϮϰ͘ϭϬ

ϴϳ͕ϲϯϲ͕ϬϮϮ͘Ϯϵ

0.00

ϭϰϵ͕ϲϬϵ͘ϵϯ

87,861,780.97

333,553.00

ϴϳ͕ϱϮϴ͕ϮϮϳ͘ϵϳ

End Values as of
05/31/2026

DĂƚƵƌŝƚLJŝƐƚƌŝďƵƟŽŶ

Cost Value

ŽŽŬsĂůƵĞ

WĂƌ

Cont/WD

Income Earned

Total Market Value

Accrued Interest

DĂƌŬĞƚsĂůƵĞ

ΎdŚĞĂǀĞƌĂŐĞĐƌĞĚŝƚƋƵĂůŝƚLJŝƐĂǁĞŝŐŚƚĞĚĂǀĞƌĂŐĞĐĂůĐƵůĂƟŽŶŽĨƚŚĞŚŝŐŚĞƐƚŽĨ^ΘW͕DŽŽĚLJ͛ƐĂŶĚ&ŝƚĐŚ͘

^ĞĐƚŽƌůůŽĐĂƟŽŶ

1.05

ǀĞƌĂŐĞ&ŝŶĂůDĂƚƵƌŝƚLJ

ϰ͘ϬϮй

ǀĞƌĂŐĞDĂƌŬĞƚzdD
AA+

ϰ͘Ϭϯй

ǀĞƌĂŐĞWƵƌĐŚĂƐĞzdD

ǀĞƌĂŐĞƌĞĚŝƚYƵĂůŝƚLJΎ

ϯ͘ϴϵй

Ϭ͘ϴϲ

ĐĐŽƵŶƚ^ƵŵŵĂƌLJ

| As of June 30, 2026

ǀĞƌĂŐĞŽƵƉŽŶ

ǀĞƌĂŐĞDŽĚŝĮĞĚƵƌĂƟŽŶ

WŽƌƞŽůŝŽŚĂƌĂĐƚĞƌŝƐƟĐƐ

BCVWD Consolidated | Account

PORTFOLIO SUMMARY

$WWDFKPHQW

džĞĐƵƟŽŶdŝŵĞ͗ϬϳͬϬϵͬϮϬϮϲϬϵ͗ϰϮ͗ϯϭD

9.1
Ϭ͘ϳ
ϰ
0.0
0.0
0.0
0.0
0.0
0.0

0.0
0.5
0.5
ϱϳ
0.0
ϭϯ͘ϰ
Ϭ͘ϳ
ϰ
0.0
ϳ͘Ϭ
2
0.0

20.0
5.0
5
0.0
ϰϬ͘Ϭ
5.0
ϭϴϬ
0.0
50.0

5.0
25.0
5.0
ϮϳϬ
0.0
30.0
5.0
5
0.0
100.0
5
0.0

ŽŵƉůŝĂŶƚ

ŽŵƉůŝĂŶƚ
ŽŵƉůŝĂŶƚ

ŽŵƉůŝĂŶƚ
ŽŵƉůŝĂŶƚ
ŽŵƉůŝĂŶƚ
ŽŵƉůŝĂŶƚ

ŽŵƉůŝĂŶƚ
ŽŵƉůŝĂŶƚ
ŽŵƉůŝĂŶƚ
ŽŵƉůŝĂŶƚ

ŽŵƉůŝĂŶƚ

ŽŵƉůŝĂŶƚ

ŽŵƉůŝĂŶƚ
ŽŵƉůŝĂŶƚ
ŽŵƉůŝĂŶƚ
ŽŵƉůŝĂŶƚ

ŽŵƉůŝĂŶƚ
ŽŵƉůŝĂŶƚ
ŽŵƉůŝĂŶƚ
ŽŵƉůŝĂŶƚ

ŽŵƉůŝĂŶƚ
ŽŵƉůŝĂŶƚ
ŽŵƉůŝĂŶƚ

Compliance
Status
Notes

ŚĂŶĚůĞƌƐƐĞƚDĂŶĂŐĞŵĞŶƚͮŝŶĨŽΛĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮǁǁǁ͘ĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮϴϬϬ͘ϯϭϳ͘ϰϳϰϳ

9.1
3.0
0.0

Actual

20.0
5.0
0.0

Limit

| As of June 30, 2026

AGENCY MORTGAGE SECURITIES
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DĂdžй/ƐƐƵĞƌ;DsͿ
COMMERCIAL PAPER
DĂdžй;DsͿ
DĂdžй/ƐƐƵĞƌ;DsͿ
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CORPORATE MEDIUM TERM NOTES
DĂdžй;DsͿ
DĂdžй/ƐƐƵĞƌ;DsͿ
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FEDERAL AGENCIES
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Rules Name

BCVWD Consolidated | Account

STATEMENT OF COMPLIANCE

$WWDFKPHQW

CONFIDENTIAL | 3

džĞĐƵƟŽŶdŝŵĞ͗ϬϳͬϬϵͬϮϬϮϲϬϵ͗ϰϮ͗ϯϭD

0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Ϭ͘ϳ
Ϭ͘ϰ
3
0.0
ϭϳ͘ϱ
ϰ

20.0
5.0
5.0
0.0
5.0
5
5.0
5
30.0
5.0
5
10.0
1.0
20.0
92.0
30.0
5.0
5
0.0
100.0
5

ŽŵƉůŝĂŶƚ
ŽŵƉůŝĂŶƚ

ŽŵƉůŝĂŶƚ
ŽŵƉůŝĂŶƚ
ŽŵƉůŝĂŶƚ
ŽŵƉůŝĂŶƚ

ŽŵƉůŝĂŶƚ
ŽŵƉůŝĂŶƚ

ŽŵƉůŝĂŶƚ
ŽŵƉůŝĂŶƚ

ŽŵƉůŝĂŶƚ
ŽŵƉůŝĂŶƚ
ŽŵƉůŝĂŶƚ

ŽŵƉůŝĂŶƚ
ŽŵƉůŝĂŶƚ

ŽŵƉůŝĂŶƚ
ŽŵƉůŝĂŶƚ

ŽŵƉůŝĂŶƚ
ŽŵƉůŝĂŶƚ
ŽŵƉůŝĂŶƚ
ŽŵƉůŝĂŶƚ

ŽŵƉůŝĂŶƚ
ŽŵƉůŝĂŶƚ

Compliance
Status
Notes

ŚĂŶĚůĞƌƐƐĞƚDĂŶĂŐĞŵĞŶƚͮŝŶĨŽΛĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮǁǁǁ͘ĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮϴϬϬ͘ϯϭϳ͘ϰϳϰϳ

0.2
0.0

Actual

20.0
0.0

Limit

| As of June 30, 2026

DKEzDZ<dDhdh>&hE^
DĂdžй;DsͿ
DŝŶZĂƟŶŐ;ďLJϮͿ
DKZd''ͳ<^hZ/d/^ΈEKEͳ'EzΉ
DĂdžй;DsͿ
DĂdžй/ƐƐƵĞƌ;DsͿ
DĂdžDĂƚƵƌŝƚLJ;zĞĂƌƐͿ
DŝŶZĂƟŶŐ;ͲďLJϭͿ
DhE//W>^hZ/d/^Έ͕>K>'EzΉ
DĂdžй/ƐƐƵĞƌ;DsͿ
DĂdžDĂƚƵƌŝƚLJ;zĞĂƌƐͿ
DhE//W>^hZ/d/^Έ͕Kd,Z^dd^Ή
DĂdžй/ƐƐƵĞƌ;DsͿ
DĂdžDĂƚƵƌŝƚLJ;zĞĂƌƐͿ
E'Kd/>Zd/&/d^K&WK^/dΈEΉ
DĂdžй;DsͿ
DĂdžй/ƐƐƵĞƌ;DsͿ
DĂdžDĂƚƵƌŝƚLJ;zĞĂƌƐͿ
REPURCHASE AGREEMENTS
DĂdžй;DsͿ
DĂdžDĂƚƵƌŝƚLJ;zĞĂƌƐͿ
REVERSE REPURCHASE AGREEMENTS
DĂdžй;DsͿ
DĂdžDĂƚƵƌŝƚLJ;ĂLJƐͿ
^hWZEd/KE>K>/'d/KE^
DĂdžй;DsͿ
DĂdžй/ƐƐƵĞƌ;DsͿ
DĂdžDĂƚƵƌŝƚLJ;zĞĂƌƐͿ
DŝŶZĂƟŶŐ;ͲďLJϭͿ
U.S. TREASURIES
DĂdžй;DsͿ
DĂdžDĂƚƵƌŝƚLJ;zĞĂƌƐͿ

Rules Name

BCVWD Consolidated | Account

STATEMENT OF COMPLIANCE

KE&/Ed/>ͮϰ

62,952.90
ϲϱ͕ϭϲϳ͘ϯϴ

:KdϮϬϮϰϯϰ͘ϵϲϭϭͬϭϱͬϮϬϮϴ

,ZKdϮϬϮϰͲϮϯϱ͘Ϯϳ
ϭϭͬϮϬͬϮϬϮϴ
'D>dϮϬϮϲͲϭϯϯ͘ϴϴ
01/22/2029
,ZdϮϬϮϰͲϯϰ͘ϵϵ
02/15/2029
DtKdϮϬϮϰͲϯϱ͘ϭϴ
02/26/2029

ϰϳϴϬϬZϱ

ϰϯϳϵϯϬϰ

235,000.00

&KZKϮϬϮϰͲϯϰ͘ϲϭ
ϬϴͬϭϱͬϮϬϮϵ

ϴϵϮϯϵdϰ

ϯϰϱϯϱsϲ

džĞĐƵƟŽŶdŝŵĞ͗ϬϳͬϬϵͬϮϬϮϲϬϵ͗ϰϮ͗ϯϭD

119,015.33

dKdϮϬϮϰͲϯϰ͘ϰϬϲͬϭϱͬϮϬϮϵ

Ϭϱϱϵϰzϴ

ϬϱͬϬϳͬϮϬϮϰ
ϱ͘ϴϱй
ϬϭͬϭϴͬϮϬϮϯ
ϰ͘ϱϲй
05/20/2025
ϰ͘ϴϰй
06/03/2025
ϰ͘ϴϮй
ϬϮͬϭϯͬϮϬϮϰ
ϱ͘Ϯϳй
ϬϴͬϬϱͬϮϬϮϱ
ϰ͘ϭϴй
ϬϵͬϬϳͬϮϬϮϯ
ϱ͘Ϯϯй
ϬϯͬϭϭͬϮϬϮϰ
ϱ͘ϭϮй
ϬϱͬϭϰͬϮϬϮϰ
ϱ͘Ϯϳй
02/03/2026
ϰ͘ϭϭй
ϬϯͬϭϭͬϮϬϮϰ
ϱ͘Ϭϱй
ͲͲ
ϰ͘ϵϮй
ϬϲͬϭϭͬϮϬϮϰ
ϱ͘ϴϭй
ϬϲͬϬϲͬϮϬϮϰ
ϰ͘ϵϯй
ϬϰͬϭϰͬϮϬϮϲ
ϰ͘ϴϱй
ϭϬͬϭϬͬϮϬϮϰ
ϰ͘ϱϭй
ϭϭͬϭϵͬϮϬϮϰ
ϰ͘ϲϲй

Purchase Date
Purchase Yield
ϭϳ͕ϰϬϱ͘Ϭϲ
ϭϳ͕ϰϬϱ͘ϳϯ
ϳ͕ϳϴϱ͘Ϯϯ
ϳ͕ϳϴϱ͘ϵϬ
ϭϴϰ͕ϵϵϲ͘ϵϯ
ϭϴϰ͕ϵϵϴ͘Ϭϱ
ϭϬϰ͕ϵϵϳ͘ϲϵ
ϭϬϰ͕ϵϵϴ͘ϰϵ
ϭϰϯ͕ϯϭϭ͘ϳϬ
ϭϰϯ͕ϯϭϰ͘ϵϴ
ϭϳϵ͕ϵϳϮ͘ϲϰ
ϭϳϵ͕ϵϴϬ͘ϲϮ
ϰϬϵ͕ϴϴϲ͘ϯϱ
ϰϬϵ͕ϵϰϵ͘ϴϬ
ϲϮ͕ϵϰϵ͘ϯϳ
62,951.10
ϲϱ͕ϭϱϵ͘ϰϲ
ϲϱ͕ϭϲϯ͘ϭϳ
ϮϮϵ͕ϵϲϵ͘ϴϵ
ϮϮϵ͕ϵϳϯ͘ϳϴ
ϵϵ͕ϯϬϭ͘ϳϬ
ϵϵ͕ϯϭϭ͘ϴϴ
Ϯϯϰ͕ϭϱϳ͘ϴϬ
Ϯϯϯ͕ϱϭϯ͘ϴϳ
ϴϬ͕ϲϳϲ͘ϳϴ
ϴϬ͕ϲϴϯ͘ϱϲ
ϭϵϰ͕ϵϴϵ͘Ϭϲ
ϭϵϰ͕ϵϵϯ͘ϲϰ
ϭϴϵ͕ϵϳϵ͘Ϭϭ
ϭϴϵ͕ϵϴϬ͘ϯϭ
ϭϭϵ͕ϬϬϴ͘ϲϵ
119,011.12
Ϯϯϰ͕ϵϵϮ͘ϰϲ
Ϯϯϰ͕ϵϵϱ͘ϬϮ

Cost Value
ŽŽŬsĂůƵĞ
100.09
ϯ͘ϵϯй
100.06
ϰ͘ϬϬй
100.23
ϰ͘Ϯϵй
100.13
ϰ͘ϯϭй
ϭϬϬ͘ϰϳ
ϰ͘Ϯϲй
ϵϵ͘ϴϵ
ϰ͘ϯϯй
100.25
ϯ͘ϵϲй
ϭϬϬ͘ϯϳ
ϰ͘ϰϰй
ϭϬϬ͘ϱϰ
ϰ͘ϯϳй
99.29
ϰ͘ϰϰй
ϭϬϬ͘ϯϰ
ϰ͘ϯϳй
100.51
ϰ͘ϯϯй
ϭϬϬ͘ϲϰ
ϰ͘ϰϬй
100.65
ϰ͘Ϯϭй
99.56
ϰ͘ϰϲй
100.05
ϰ͘ϯϳй
100.30
ϰ͘ϯϮй

Mkt Price
Mkt YTM
ϭϳ͕ϰϮϭ͘ϬϮ
Ϯϴ͘ϲϳ
ϳ͕ϳϵϬ͘ϳϲ
15.61
ϭϴϱ͕ϰϮϬ͘ϭϰ
Ϯϱϴ͘ϵϬ
105,132.51
ϳϳ͘ϱϯ
ϭϰϯ͕ϵϵϮ͘ϯϴ
ϯϯϭ͘ϴϲ
ϭϳϵ͕ϳϵϯ͘ϯϲ
229.35
ϰϭϭ͕ϬϯϮ͘ϳϵ
ϵϰϬ͘Ϯϳ
ϲϯ͕ϭϴϳ͘ϱϮ
ϭϯϴ͘ϳϴ
ϲϱ͕ϱϮϬ͘ϳϴ
ϭϮϰ͘ϬϮ
ϮϮϴ͕ϯϳϭ͘ϴϯ
ϮϳϮ͘ϲϴ
ϵϵ͕ϲϲϰ͘Ϯϵ
ϮϮϬ͘Ϯϴ
Ϯϯϯ͕ϵϵϵ͘ϱϳ
201.00
ϴϭ͕ϮϬϴ͘Ϯϳ
ϭϴϲ͘ϰϵ
ϭϵϲ͕Ϯϱϴ͘ϳϯ
ϰϮϳ͘Ϯϳ
ϭϴϵ͕ϭϱϵ͘Ϯϱ
ϭϯϭ͘ϰϮ
ϭϭϵ͕Ϭϳϵ͘ϰϴ
ϮϯϮ͘ϳϰ
Ϯϯϱ͕ϳϬϳ͘ϴϮ
ϰϴϭ͘ϰϵ

Market Value
Accrued Int.

ŚĂŶĚůĞƌƐƐĞƚDĂŶĂŐĞŵĞŶƚͮŝŶĨŽΛĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮǁǁǁ͘ĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮϴϬϬ͘ϯϭϳ͘ϰϳϰϳ

190,000.00

195,000.00

dϮϬϮϰͲϭϰ͘ϵϯ
05/15/2029
Dt>dϮϬϮϲͲϭϯϰ͘ϭϱ
05/25/2029

ϬϱϱϮϮZ:ϰ

ϴϬ͕ϲϵϮ͘ϱϲ

:KdϮϬϮϰͲϯϱ͘ϮϬϯͬϭϱͬϮϬϮϵ

ϮϯϮ͕ϴϮϭ͘Ϭϯ

99,323.61

230,000.00

ϰϳϳϴϲtϮ

Ϭϵϲϵϭϵϳ

ϰϰϴϵϳϯϵ

ϯϲϮϳϯsϳ

ϰϭϬ͕ϬϬϬ͘ϬϬ

ϭϴϬ͕ϬϬϬ͘ϬϬ

ϭϰϯ͕ϯϭϳ͘ϵϯ

105,000.00

ϭϴϱ͕ϬϬϬ͘ϬϬ

ϳ͕ϳϴϲ͘ϭϳ

,/dϮϬϮϯͲϭϱ͘ϭϲϬϵͬϭϱͬϮϬϮϴ

ϯϳϵϵϲϱϴ

ϰϯϳϵϭϴϵ

096912AD2

ϯϲϮϵϲϮϰ

ϱϴϳϳϬϳ

ϭϲϭϱϳϭ,dϰ

ϭϳ͕ϰϬϲ͘Ϭϳ

Par Value/
Units

'D>dϮϬϮϰͲϮϯϱ͘ϯϵ
ϬϳͬϮϬͬϮϬϮϳ
DZdϮϬϮϯͲϭϯϰ͘ϱϭ
ϭϭͬϭϱͬϮϬϮϳ
'D>dϮϬϮϱͲϮϯϰ͘ϱϴ
ϬϱͬϮϮͬϮϬϮϴ
Dt>dϮϬϮϱͲϭϯϰ͘ϰϯ
ϬϲͬϮϲͬϮϬϮϴ
,ZKdϮϬϮϰͲϭϯϱ͘Ϯϭ
ϬϴͬϭϱͬϮϬϮϴ
'D>dϮϬϮϱͲϯϯϰ͘ϭϳ
ϬϴͬϮϭͬϮϬϮϴ

^ĞĐƵƌŝƚLJĞƐĐƌŝƉƟŽŶ

| As of June 30, 2026

$WWDFKPHQW

36269WAD1

^

Cusip

BCVWD Consolidated | Account

HOLDINGS REPORT

Ϭ͘ϬϮй
15.29
Ϭ͘Ϭϭй
ϰ͘ϴϲ
Ϭ͘Ϯϭй
ϰϮϮ͘Ϭϴ
Ϭ͘ϭϮй
ϭϯϰ͘ϬϮ
Ϭ͘ϭϲй
ϲϳϳ͘ϰϭ
Ϭ͘ϮϬй
;ϭϴϳ͘ϮϲͿ
Ϭ͘ϰϳй
ϭ͕ϬϴϮ͘ϵϵ
Ϭ͘Ϭϳй
Ϯϯϲ͘ϰϮ
Ϭ͘Ϭϳй
ϯϱϳ͘ϲϭ
Ϭ͘Ϯϲй
;ϭ͕ϲϬϭ͘ϵϱͿ
Ϭ͘ϭϭй
ϯϱϮ͘ϰϭ
Ϭ͘Ϯϳй
ϰϴϱ͘ϳϬ
Ϭ͘Ϭϵй
ϱϮϰ͘ϳϭ
Ϭ͘ϮϮй
1,265.09
Ϭ͘Ϯϭй
;ϴϮϭ͘ϬϲͿ
Ϭ͘ϭϰй
ϲϴ͘ϯϲ
Ϭ͘Ϯϳй
ϳϭϮ͘ϴϬ

% of Port.
Gain/Loss

1.05
0.06
ϭ͘ϯϴ
0.11
1.90
Ϭ͘ϲϴ
1.99
Ϭ͘ϴϬ
2.13
Ϭ͘ϰϲ
Ϯ͘ϭϰ
Ϭ͘ϵϰ
2.21
0.20
Ϯ͘ϯϴ
0.65
2.39
0.56
2.56
1.35
2.63
0.51
2.66
0.56
Ϯ͘ϳϭ
Ϭ͘ϳϰ
Ϯ͘ϴϳ
Ϭ͘ϴϰ
2.90
1.65
2.96
Ϭ͘ϳϮ
3.13
0.90

Maturity
ƵƌĂƟŽŶ

CONFIDENTIAL | 6

NA/AAA
AAA
NA/AAA
AAA
NA/AAA
AAA
NA/AAA
AAA
Aaa/AAA
NA
NA/AAA
AAA
NA/AAA
AAA
Aaa/NA
AAA
NA/AAA
AAA
NA/AAA
AAA
NA/AAA
AAA
Aaa/AAA
NA
Aaa/NA
AAA
Aaa/AAA
NA
Aaa/NA
AAA
Aaa/AAA
NA
Aaa/NA
AAA

DŽŽĚLJΖƐͬ
S&P/
Fitch

155,000.00

ϭϰϬ͕ϬϬϬ͘ϬϬ
ϭϳϬ͕ϬϬϬ͘ϬϬ

,ZKdϮϱϮϯϰ͘ϭϱϭϬͬϭϱͬϮϬϮϵ

,ZdϮϬϮϱͲϯϰ͘ϯϲ
ϭϮͬϭϳͬϮϬϮϵ
D>dϮϬϮϲͲϯϯ͘ϵϯ
01/15/2030
t&/dϮϬϮϱͲϭϰ͘ϯϰ
05/15/2030

:KdϮϬϮϲϯϯ͘ϴϳϬϴͬϭϱͬϮϬϯϬ

dKdϮϬϮϲͲϯϯ͘ϴϲ
09/15/2030
,ZdϮϬϮϲͲϯϯ͘ϳϵ
ϬϮͬϭϴͬϮϬϯϭ
t&/dϮϬϮϲͲϭϰ͘Ϭϴ
ϬϰͬϭϲͬϮϬϮϵ

ϰϯϳϵϮϭϭ

ϰϰϵϯϱyϳ

ϰϳϳϴϳϯ

ϴϵϮϰϬ<Ϭ

džĞĐƵƟŽŶdŝŵĞ͗ϬϳͬϬϵͬϮϬϮϲϬϵ͗ϰϮ͗ϯϭD

ϯϭϯϬϬdzϱ

ϯϭϯϯWϲ<ϲ

ϯϭϯϬϵzzϭ

ϯϭϯϯW<ϳϵ

ϯϭϯϬyhϲϯ

AGENCY

dŽƚĂů^

ϵϮϵϳϬY<ϭ

ϰϰϴϵϴϭϮ

ϵϮϵϳϬY:ϰ

&Z>,KD>KEE<^
ϰ͘ϲϮϱϭϭͬϭϳͬϮϬϮϲ
FEDERAL FARM CREDIT
E<^&hE/E'KZWϰ͘ϯϳϱ
ϭϮͬϬϳͬϮϬϮϲ
&Z>,KD>KEE<^
2.125 12/11/2026
&Z>&ZDZ/dE<^
&hE/E'KZWϰ͘ϱϬϯͬϮϲͬϮϬϮϳ
&Z>,KD>KEE<^
ϰ͘ϳϱϬϰͬϬϵͬϮϬϮϳ

125,000.00

:KdϮϬϮϱϯϰ͘ϮϯϬϵͬϭϳͬϮϬϮϵ

ϰϳϴϬϬϲ

ϱϴϳϳϬzϯ

ϮϰϬ͕ϬϬϬ͘ϬϬ

dKdϮϬϮϱͲϯϰ͘ϲϰ
ϬϴͬϭϱͬϮϬϮϵ

ϴϵϮϰϬ:ϯ

ϰϴϬ͕ϭϭϭ͘ϬϬ
ϰϳϱ͕ϲϲϳ͘ϳϬ
ϰϳϲ͕ϵϲϭ͘ϳϱ
ϰϳϱ͕Ϯϴϳ͘ϳϱ
ϴϯϳ͕ϰϳϳ͘ϬϬ
ϴϵϬ͕ϴϬϮ͘ϭϮ
ϳϱϭ͕Ϭϴϳ͘ϱϬ
ϳϱϬ͕Ϯϲϲ͘ϭϲ
ϰϲϯ͕ϳϳϮ͘ϰϬ
ϰϲϰ͕ϲϴϯ͘Ϯϳ

ϭϮͬϭϴͬϮϬϮϯ
ϰ͘ϮϮй
ϭϭͬϮϴͬϮϬϮϯ
ϰ͘ϲϬй
ϬϯͬϮϱͬϮϬϮϰ
ϰ͘ϰϱй
ϬϰͬϭϬͬϮϬϮϰ
ϰ͘ϴϱй

Ϯϯϵ͕ϵϵϬ͘ϯϴ
239,993.39
ϭϵϰ͕ϵϴϳ͘ϳϯ
ϭϵϰ͕ϵϵϭ͘Ϯϳ
ϭϮϰ͕ϵϴϲ͘Ϭϰ
ϭϮϰ͕ϵϴϵ͘ϲϱ
ϭϱϰ͕ϵϴϲ͘ϬϬ
ϭϱϰ͕ϵϴϵ͘Ϯϳ
ϭϭϰ͕ϵϳϳ͘ϮϬ
ϭϭϰ͕ϵϳϵ͘ϳϮ
ϯϲϰ͕ϱϳϬ͘ϯϭ
ϯϲϯ͕ϭϴϬ͘ϭϱ
ϭϯϵ͕ϵϳϱ͘ϭϵ
ϭϯϵ͕ϵϳϲ͘ϴϭ
ϭϲϵ͕ϵϴϱ͘ϱϮ
ϭϲϵ͕ϵϴϲ͘ϴϵ
Ϯϲϵ͕ϵϴϭ͘ϳϴ
Ϯϲϵ͕ϵϴϯ͘ϭϭ
Ϯϵϰ͕ϵϱϴ͘ϲϰ
Ϯϵϰ͕ϵϲϭ͘Ϭϲ
4,628,938.62
4,627,042.34

Cost Value
ŽŽŬsĂůƵĞ

ϭϮͬϭϴͬϮϬϮϯ
ϰ͘Ϯϯй

4.61%

01/22/2025
ϰ͘ϲϵй
ϬϯͬϬϰͬϮϬϮϱ
ϱ͘Ϭϵй
ϬϰͬϮϵͬϮϬϮϱ
ϰ͘ϭϱй
06/03/2025
ϰ͘ϯϲй
01/13/2026
ϯ͘ϵϳй
ϬϵͬϬϰͬϮϬϮϱ
ϯ͘ϴϳй
03/10/2026
ϰ͘ϰϵй
01/13/2026
ϰ͘ϭϯй
02/10/2026
ϰ͘ϯϬй
ϬϰͬϮϭͬϮϬϮϲ
ϰ͘ϭϮй

Purchase Date
Purchase Yield

99.16
ϰ͘Ϭϱй
100.26
ϰ͘ϭϯй
100.52
ϰ͘Ϭϲй

100.13
ϰ͘Ϭϳй

ϭϬϬ͘Ϯϰ
ϯ͘ϵϲй

100.32
ϰ͘ϯϭй
ϵϵ͘ϴϴ
ϰ͘ϯϱй
ϵϵ͘ϳϴ
ϰ͘ϯϴй
100.03
ϰ͘ϯϳй
99.21
ϰ͘ϰϬй
100.03
ϰ͘ϯϲй
ϵϴ͘ϲϴ
ϰ͘ϰϲй
ϵϵ͘Ϭϰ
ϰ͘ϰϯй
ϵϴ͘ϲϳ
ϰ͘ϰϴй
99.25
ϰ͘ϰϭй
99.88
4.33%

Mkt Price
Mkt YTM

ϴϵϮ͕ϰϬϴ͘ϱϬ
1,062.50
ϳϱϭ͕ϵϰϬ͘Ϯϱ
ϴ͕ϵϬϲ͘Ϯϱ
ϰϲϳ͕ϰϬϭ͘Ϯϲ
ϱ͕Ϭϯϭ͘Ϭϰ

ϰϳϱ͕ϲϬϭ͘ϴϯ
ϭ͕ϯϴϱ͘ϰϮ

ϰϳϲ͕ϭϯϬ͘Ϭϯ
Ϯ͕ϲϴϱ͘Ϭϳ

ϮϰϬ͕ϳϳϱ͘ϰϰ
ϰϵϰ͘ϵϯ
ϭϵϰ͕ϳϱϴ͘ϰϬ
366.60
ϭϮϰ͕ϳϮϰ͘ϴϴ
230.56
ϭϱϱ͕Ϭϰϳ͘ϱϵ
300.36
ϭϭϰ͕Ϭϵϱ͘ϯϬ
ϮϬϬ͘ϴϳ
360,111.60
ϲϵϰ͘ϰϬ
ϭϯϴ͕ϭϰϱ͘ϴϰ
ϮϰϬ͘ϴϬ
ϭϲϴ͕ϯϲϳ͘ϰϵ
Ϯϵϭ͘ϲϰ
Ϯϲϲ͕ϰϭϯ͘ϴϲ
ϰϱϰ͘ϴϬ
ϮϵϮ͕ϳϳϱ͘ϳϬ
ϱϯϰ͘ϵϯ
4,617,956.57
8,108.22

Market Value
Accrued Int.

ŚĂŶĚůĞƌƐƐĞƚDĂŶĂŐĞŵĞŶƚͮŝŶĨŽΛĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮǁǁǁ͘ĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮϴϬϬ͘ϯϭϳ͘ϰϳϰϳ

ϰϲϱ͕ϬϬϬ͘ϬϬ

ϳϱϬ͕ϬϬϬ͘ϬϬ

900,000.00

ϰϳϱ͕ϬϬϬ͘ϬϬ

ϰϳϱ͕ϬϬϬ͘ϬϬ

4,623,482.97

295,000.00

ϮϳϬ͕ϬϬϬ͘ϬϬ

360,000.00

115,000.00

195,000.00

Par Value/
Units

^ĞĐƵƌŝƚLJĞƐĐƌŝƉƟŽŶ

| As of June 30, 2026

Cusip

BCVWD Consolidated | Account

HOLDINGS REPORT

ϭ͘Ϭϭй
ϭ͕ϲϬϲ͘ϯϴ
Ϭ͘ϴϱй
ϭ͕ϲϳϰ͘Ϭϵ
Ϭ͘ϱϯй
Ϯ͕ϳϭϳ͘ϵϵ

Ϭ͘ϱϰй
ϯϭϰ͘Ϭϴ

Ϭ͘ϱϰй
ϰϲϮ͘ϯϯ

Ϭ͘Ϯϳй
ϳϴϮ͘Ϭϲ
Ϭ͘ϮϮй
;ϮϯϮ͘ϴϴͿ
Ϭ͘ϭϰй
;Ϯϲϰ͘ϳϳͿ
Ϭ͘ϭϴй
ϱϴ͘ϯϮ
Ϭ͘ϭϯй
;ϴϴϰ͘ϰϯͿ
Ϭ͘ϰϭй
;ϯ͕Ϭϲϴ͘ϱϱͿ
Ϭ͘ϭϲй
;ϭ͕ϴϯϬ͘ϵϳͿ
Ϭ͘ϭϵй
;ϭ͕ϲϭϵ͘ϰϬͿ
Ϭ͘ϯϬй
;ϯ͕ϱϲϵ͘ϮϱͿ
Ϭ͘ϯϯй
;Ϯ͕ϭϴϱ͘ϯϲͿ
5.25%
(9,085.77)

% of Port.
Gain/Loss

Ϭ͘ϰϱ
Ϭ͘ϰϰ
Ϭ͘ϳϰ
Ϭ͘ϳϭ
Ϭ͘ϳϳ
Ϭ͘ϳϱ

Ϭ͘ϰϰ
Ϭ͘ϰϯ

Ϭ͘ϯϴ
Ϭ͘ϯϳ

3.13
Ϭ͘ϴϲ
3.22
ϭ͘ϰϳ
3.29
ϭ͘ϭϰ
ϯ͘ϰϳ
1.20
ϯ͘ϱϰ
ϭ͘ϳϴ
ϯ͘ϴϳ
ϭ͘ϳϲ
ϰ͘ϭϯ
Ϯ͘ϯϴ
ϰ͘Ϯϭ
ϭ͘ϴϬ
ϰ͘ϲϰ
2.01
Ϯ͘ϳϵ
Ϯ͘ϱϴ
3.00
1.19

Maturity
ƵƌĂƟŽŶ

KE&/Ed/>ͮϳ

Aa1/AA+
AA+
Aa1/AA+
AA+
Aa1/AA+
AA+

Aa1/AA+
AA+

Aa1/AA+
AA+

DŽŽĚLJΖƐͬ
S&P/
Fitch
Aaa/NA
AAA
Aaa/NA
AAA
Aaa/NA
AAA
NA/AAA
AAA
Aaa/NA
AAA
NA/AAA
AAA
Aaa/NA
AAA
Aaa/AAA
NA
NA/AAA
AAA
Aaa/NA
AAA

ϰϴϲ͕ϬϬϬ͘ϬϬ

&,D^<ͲϬϵϮϮϯ͘Ϯϵϴ
ϬϰͬϮϱͬϮϬϮϵ
&,D^<ͲϬϵϱϮϮ͘ϳϴϱ
06/25/2029

ϯϭϯϳ&>zsϬ

džĞĐƵƟŽŶdŝŵĞ͗ϬϳͬϬϵͬϮϬϮϲϬϵ͗ϰϮ͗ϯϭD

dŽƚĂůŐĞŶĐLJD^

ϯϭϯϳ&EϬ

ϰϱϬ͕ϬϬϬ͘ϬϬ

&,D^<ͲϳϰϴϮϮ͘ϮϲϬϭͬϮϱͬϮϬϮϵ

ϯϭϯϳ,ϱzϱ

4.69%

12/12/2023
ϰ͘ϳϳй
ϬϰͬϮϯͬϮϬϮϰ
ϱ͘ϭϳй
ϬϰͬϭϴͬϮϬϮϰ
ϱ͘Ϭϲй
ϭϬͬϮϳͬϮϬϮϯ
ϱ͘ϯϯй
ϬϳͬϭϬͬϮϬϮϯ
ϰ͘ϳϱй
ϭϮͬϭϭͬϮϬϮϰ
ϰ͘ϰϬй
ϬϵͬϮϰͬϮϬϮϰ
ϯ͘ϳϵй
ϬϰͬϮϯͬϮϬϮϱ
ϰ͘Ϯϵй
03/13/2025
ϰ͘ϯϵй

ϵϵ͘ϰϴ
ϰ͘Ϭϳй
ϵϵ͘ϱϰ
ϰ͘Ϭϵй
ϵϴ͘ϵϱ
ϰ͘ϭϵй
ϵϴ͘ϳϲ
ϰ͘Ϯϱй
ϵϴ͘ϰϴ
ϰ͘ϯϭй
ϵϴ͘ϵϭ
ϰ͘ϯϳй
ϵϰ͘ϴϳ
ϰ͘ϰϯй
ϵϲ͘ϵϳ
ϰ͘ϰϯй
95.51
ϰ͘ϰϯй
97.94
4.29%

99.92
ϰ͘ϭϳй
ϭϬϬ͘ϰϵ
ϰ͘Ϯϲй
ϭϬϬ͘ϰϬ
ϰ͘ϭϴй
99.98
4.12%

99.50
ϰ͘ϭϲй

ϵϵ͘ϵϳ
ϰ͘ϭϱй

Mkt Price
Mkt YTM

ϮϬϰ͕ϱϭϲ͘ϭϭ
ϰϯϮ͘ϱϴ
513,132.53
ϭ͕ϰϯϳ͘ϳϲ
ϯϰϭ͕ϬϰϬ͘ϴϳ
ϴϵϱ͘Ϯϵ
ϱϵϮ͕ϱϴϮ͘ϴϬ
1,622.00
ϭϮϴ͕ϬϮϯ͘Ϭϵ
362.92
ϰϰϱ͕ϬϵϬ͘Ϭϱ
ϭ͕ϰϰϯ͘ϳϱ
ϰϮϲ͕ϵϬϭ͘Ϭϱ
ϴϰϳ͘ϱϬ
ϰϳϭ͕Ϯϳϴ͘ϱϳ
1,335.69
Ϯϴϲ͕ϱϮϭ͘ϯϬ
696.25
3,409,086.37
9,073.73

ϰϲϵ͕ϲϭϲ͘ϵϱ
1,023.23
ϯϮϲ͕ϱϵϱ͘ϳϱ
ϰ͕ϵϵϲ͘ϴϴ
ϳϱϮ͕ϵϲϵ͘Ϯϱ
ϭϬ͕Ϯϵϵ͘ϰϴ
6,158,497.26
52,073.19

ϳϵϲ͕Ϭϯϱ͘ϮϬ
ϱ͕ϲϴϯ͘ϯϯ

ϳϰϵ͕ϳϵϴ͘Ϯϱ
11,000.00

Market Value
Accrued Int.

ŚĂŶĚůĞƌƐƐĞƚDĂŶĂŐĞŵĞŶƚͮŝŶĨŽΛĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮǁǁǁ͘ĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮϴϬϬ͘ϯϭϳ͘ϰϳϰϳ

3,481,734.08

300,000.00

ϰϱϬ͕ϬϬϬ͘ϬϬ

&,D^<ͲϬϳϳϮϯ͘ϴϱϬϱͬϮϱͬϮϬϮϴ

ϯϭϯϳ&'ϲyϴ

130,000.00

600,000.00

ϯϰϰ͕ϲϳϯ͘Ϭϯ

ϱϭϱ͕ϰϳϴ͘ϵϵ

ϮϬϱ͕ϱϴϮ͘Ϭϲ

6,160,000.00

ϳϱϬ͕ϬϬϬ͘ϬϬ

325,000.00

ϭϵϯ͕ϲϵϲ͘ϴϱ
ϮϬϰ͕ϱϭϭ͘ϭϭ
ϰϵϯ͕ϱϱϭ͘ϬϬ
ϱϭϮ͕ϱϰϰ͘ϭϮ
ϯϮϱ͕ϲϮϭ͘ϳϳ
ϯϯϵ͕Ϭϰϱ͘Ϭϭ
ϱϱϵ͕Ϭϳϴ͘ϭϯ
ϱϴϴ͕ϭϳϭ͘ϰϵ
ϭϮϯ͕Ϭϴϯ͘ϱϵ
ϭϮϳ͕ϲϳϰ͘ϳϲ
ϰϰϭ͕ϳϮϬ͘ϳϬ
ϰϰϱ͕ϰϵϳ͘ϰϲ
ϰϮϮ͕ϵϭϮ͘ϭϭ
ϰϯϰ͕Ϭϴϭ͘ϯϬ
ϰϲϴ͕ϭϵϮ͘ϲϲ
ϰϳϯ͕ϱϭϵ͘ϵϲ
Ϯϴϭ͕ϲϰϴ͘ϰϰ
Ϯϴϳ͕Ϯϲϯ͘ϴϯ
3,309,505.25
3,412,309.04

ϰϲϵ͕ϲϳϭ͘ϬϬ
ϰϲϵ͕ϲϳϵ͘ϲϴ
ϯϮϱ͕Ϯϴϵ͘Ϯϱ
ϯϮϱ͕ϭϮϰ͘ϵϴ
ϳϰϲ͕ϮϬϬ͘ϱϬ
ϳϰϴ͕ϯϯϬ͘ϴϭ
6,100,521.40
6,150,267.22

06/11/2026
ϰ͘ϭϲй
ϬϴͬϮϴͬϮϬϮϯ
ϰ͘ϰϳй
09/12/2023
ϰ͘ϰϵй
4.34%

ϴϬϰ͕Ϭϭϲ͘ϬϬ
ϴϬϭ͕ϰϱϵ͘ϱϲ

ϬϰͬϮϰͬϮϬϮϯ
ϯ͘ϳϲй

ϴϬϬ͕ϬϬϬ͘ϬϬ
ϰϳϬ͕ϬϬϬ͘ϬϬ

ϳϰϱ͕ϵϯϱ͘ϬϬ
ϳϰϴ͕ϵϲϱ͘ϭϴ

Cost Value
ŽŽŬsĂůƵĞ

02/21/2023
ϰ͘Ϯϲй

Purchase Date
Purchase Yield

ϳϱϬ͕ϬϬϬ͘ϬϬ

Par Value/
Units

&,D^<ͲϬϳϯϮϯ͘ϯϱϬϭͬϮϱͬϮϬϮϴ

&,D^<ͲϳϯϳϮϮ͘ϱϮϱ
10/25/2026
&,D^<ͲϬϲϭϮϯ͘ϯϰϳ
11/25/2026
&,D^<ͲϬϲϲϮϯ͘ϭϭϳ
ϬϲͬϮϱͬϮϬϮϳ
&,D^<ͲϬϲϴϮϯ͘Ϯϰϰ
ϬϴͬϮϱͬϮϬϮϳ

FEDERAL FARM CREDIT
E<^&hE/E'KZWϰ͘ϭϮϱ
ϬϴͬϮϯͬϮϬϮϳ
FEDERAL FARM CREDIT
E<^&hE/E'KZWϯ͘ϴϳϱ
ϬϰͬϮϱͬϮϬϮϴ
&Z>,KD>KEE<^
ϰ͘ϭϮϱϬϲͬϬϭͬϮϬϮϴ
&Z>&ZDZ/dE<^
&hE/E'KZWϰ͘ϱϬϴͬϮϴͬϮϬϮϴ
&Z>,KD>KEE<^
ϰ͘ϯϳϱϬϵͬϬϴͬϮϬϮϴ

^ĞĐƵƌŝƚLJĞƐĐƌŝƉƟŽŶ

| As of June 30, 2026

ϯϭϯϳ&dEϬ

ϯϭϯϳ&yϯ

ϯϭϯϳ&Ϯ>:ϯ

ϯϭϯϳdhDϭ

ϯϭϯϳ&Yy:ϳ

'EzD^

Total Agency

3130AWTR1

ϯϭϯϯWhEϯ

3130BB3J2

ϯϭϯϯW'tϵ

ϯϭϯϯWDϲ

Cusip

BCVWD Consolidated | Account

HOLDINGS REPORT

Ϭ͘Ϯϯй
5.01
Ϭ͘ϱϴй
ϱϴϴ͘ϰϬ
Ϭ͘ϯϵй
ϭ͕ϵϵϱ͘ϴϱ
Ϭ͘ϲϳй
ϰ͕ϰϭϭ͘ϯϭ
Ϭ͘ϭϱй
ϯϰϴ͘ϯϯ
Ϭ͘ϱϭй
;ϰϬϳ͘ϰϭͿ
Ϭ͘ϰϵй
;ϳ͕ϭϴϬ͘ϮϱͿ
Ϭ͘ϱϰй
;Ϯ͕Ϯϰϭ͘ϯϵͿ
Ϭ͘ϯϯй
;ϳϰϮ͘ϱϯͿ
3.87%
(3,222.67)

Ϭ͘ϱϯй
;ϲϮ͘ϳϯͿ
Ϭ͘ϯϳй
ϭ͕ϰϳϬ͘ϳϳ
Ϭ͘ϴϲй
ϰ͕ϲϯϴ͘ϰϰ
7.00%
8,230.04

Ϭ͘ϵϬй
;ϱ͕ϰϮϰ͘ϯϲͿ

Ϭ͘ϴϱй
ϴϯϯ͘Ϭϳ

% of Port.
Gain/Loss

0.32
0.23
Ϭ͘ϰϭ
0.32
0.99
Ϭ͘ϴϭ
1.15
ϭ͘Ϭϰ
ϭ͘ϱϳ
1.39
1.90
ϭ͘ϳϮ
Ϯ͘ϱϳ
2.36
Ϯ͘ϴϮ
Ϯ͘ϱϳ
2.99
Ϯ͘ϳϬ
1.65
1.48

1.92
ϭ͘ϴϮ
2.16
2.01
2.19
Ϯ͘Ϭϰ
1.18
1.12

ϭ͘ϴϮ
ϭ͘ϳϮ

1.15
1.09

Maturity
ƵƌĂƟŽŶ

KE&/Ed/>ͮϴ

Aa1/AA+
AAA
Aa1/AA+
AAA
Aa1/AA+
AAA
Aaa/AA+
AA+
Aa1/AA+
AAA
Aa1/AA+
AAA
Aa1/AA+
AAA
Aa1/AA+
AAA
Aa1/AA+
AAA

Aa1/AA+
AA+
Aa1/AA+
AA+
Aa1/AA+
AA+

Aa1/AA+
AA+

Aa1/AA+
AA+

DŽŽĚLJΖƐͬ
S&P/
Fitch

ϰϱϬ͕ϬϬϬ͘ϬϬ
ϯϰϬ͕ϬϬϬ͘ϬϬ

Ϯϳϱ͕ϬϬϬ͘ϬϬ
ϰϱϬ͕ϬϬϬ͘ϬϬ

EKZd,ZEdZh^dKZWϰ͘Ϭ
ϬϱͬϭϬͬϮϬϮϳ
hE/d,>d,'ZKhW/Eϯ͘ϳ
ϬϱͬϭϱͬϮϬϮϳ

><ZK</Eϰ͘ϲϬϳͬϮϲͬϮϬϮϳ

:K,EZW/d>KZWϰ͘ϲϱ
ϬϭͬϬϳͬϮϬϮϴ

s//Eϰ͘ϲϱϬϯͬϭϱͬϮϬϮϴ

^>^&KZ/Eϰ͘ϱϬϯͬϭϱͬϮϬϮϴ

&>KZ/WKtZΘ>/',dKϰ͘ϰ
ϬϱͬϭϱͬϮϬϮϴ

ϲϲϱϴϱϵtϰ

ϬϵϮϵϬ,ϰ

ϮϰϰϮϮyϳ

ϬϬϮϴϳzzϮ

ϳϵϰϲϲ>Yϳ

ϯϰϭϬϴϭ'Eϭ

džĞĐƵƟŽŶdŝŵĞ͗ϬϳͬϬϵͬϮϬϮϲϬϵ͗ϰϮ͗ϯϭD

ϬϯͬϭϯͬϮϬϮϰ
ϰ͘ϵϵй
ϬϰͬϮϰͬϮϬϮϱ
ϰ͘ϬϬй
ͲͲ
ϯ͘ϵϵй
ϬϱͬϭϳͬϮϬϮϮ
ϯ͘ϲϵй
ϬϳͬϭϴͬϮϬϮϰ
ϰ͘ϱϳй
01/06/2025
ϰ͘ϲϲй
ϬϮͬϭϴͬϮϬϮϱ
ϰ͘ϳϬй
03/12/2026
ϰ͘ϯϳй
05/23/2023
ϰ͘ϱϵй

3.90%

03/16/2026
ϯ͘ϵϬй

ͲͲ

ͲͲ

Purchase Date
Purchase Yield

ϰϰϬ͕ϬϬϬ͘ϬϬ
ϰϰϬ͕ϬϬϬ͘ϬϬ
ϱϬϬ͕ϵϰϬ͘ϬϬ
ϱϬϬ͕ϯϴϳ͘ϱϵ
ϰϱϬ͕Ϯϲϵ͘ϰϬ
ϰϱϬ͕Ϭϰϭ͘ϲϭ
ϭϭϱ͕Ϭϱϱ͘ϴϬ
115,009.11
ϰϱϬ͕ϯϴϳ͘ϬϬ
ϰϱϬ͕ϭϯϬ͘ϴϮ
ϯϯϵ͕ϴϵϴ͘ϬϬ
ϯϯϵ͕ϵϰϴ͘Ϯϭ
Ϯϰϵ͕ϲϲϳ͘ϱϬ
Ϯϰϵ͕ϴϭϯ͘ϴϴ
Ϯϳϱ͕ϲϲϴ͘ϯϬ
Ϯϳϱ͕ϱϲϯ͘ϴϴ
ϰϰϲ͕ϭϳϱ͘ϬϬ
ϰϰϴ͕ϱϲϬ͘ϭϬ

ϰϲϲ͕ϴϭϯ͘ϯϴ
ϰϳϮ͕ϭϳϬ͘Ϭϲ
466,813.38
472,170.06

ϰϵϭ͘ϰϵ
ϰϵϭ͘ϰϵ
ϯϱϳ͕ϭϲϵ͘ϭϱ
ϯϱϳ͕ϭϲϵ͘ϭϱ
357,660.64
357,660.64

Cost Value
ŽŽŬsĂůƵĞ

100.50
ϰ͘Ϯϳй
ϭϬϬ͘Ϭϰ
ϰ͘Ϭϰй
ϵϵ͘ϴϭ
ϰ͘ϮϮй
99.53
ϰ͘Ϯϱй
100.32
ϰ͘Ϯϴй
100.55
ϰ͘Ϯϳй
ϭϬϬ͘ϰϯ
ϰ͘ϯϴй
ϵϵ͘ϴϳ
ϰ͘ϱϳй
100.06
ϰ͘ϯϲй

ϵϵ͘ϰϭ
ϯ͘ϴϰй
99.41
3.84%

1.00

1.00

1.00

Mkt Price
Mkt YTM

ϰϰϮ͕ϭϵϴ͘ϲϴ
ϲ͕Ϯϴϱ͘ϲϯ
500,202.00
ϯ͕ϱϴϳ͘ϱϬ
ϰϰϵ͕ϭϰϮ͘ϯϬ
2,550.00
ϭϭϰ͕ϰϲϰ͘ϮϮ
ϱϰϯ͘ϲϵ
ϰϱϭ͕ϰϲϭ͘ϭϱ
ϴ͕ϵϭϮ͘ϱϬ
ϯϰϭ͕ϴϴϰ͘Ϯϴ
ϳ͕ϲϰϭ͘ϱϬ
Ϯϱϭ͕Ϭϳϱ͘Ϯϱ
ϯ͕ϰϮϮ͘ϵϮ
Ϯϳϰ͕ϲϱϮ͘ϵϱ
ϯ͕ϳϭϮ͘ϱϬ
ϰϱϬ͕Ϯϴϲ͘ϮϬ
2,530.00

ϰϳϮ͕ϭϳϳ͘Ϭϴ
0.00
472,177.08
0.00

ϰϵϭ͘ϰϵ
0.00
ϯϱϳ͕ϭϲϵ͘ϭϱ
0.00
357,660.64
0.00

Market Value
Accrued Int.

ŚĂŶĚůĞƌƐƐĞƚDĂŶĂŐĞŵĞŶƚͮŝŶĨŽΛĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮǁǁǁ͘ĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮϴϬϬ͘ϯϭϳ͘ϰϳϰϳ

250,000.00

115,000.00

ϰϱϬ͕ϬϬϬ͘ϬϬ

t>DZd/Eϰ͘ϭϬϰͬϮϴͬϮϬϮϳ

ϵϯϭϭϰϮ&>Ϯ

ϵϭϯϮϰW'ϯ

500,000.00

^dd^dZdKZWϰ͘ϵϵϯ
ϬϯͬϭϴͬϮϬϮϳ
ϰϰϬ͕ϬϬϬ͘ϬϬ

475,000.00

ϰϳϱ͕ϬϬϬ͘ϬϬ

ϴϱϳϰϳϳ>ϱ

CORPORATE

Total Commercial
Paper

ϲϬϳϭϬt,^ϲ

COMMERCIAL
PAPER

357,660.64

ϯϱϳ͕ϭϲϵ͘ϭϱ

ϰϵϭ͘ϰϵ

Par Value/
Units

| As of June 30, 2026

DŝnjƵŚŽĂŶŬ͕>ƚĚ͕͘EĞǁzŽƌŬ
ƌĂŶĐŚϬϴͬϮϲͬϮϬϮϲ

ZĞĐĞŝǀĂďůĞ

zh^

Total Cash

ZĞĐĞŝǀĂďůĞ

^ĞĐƵƌŝƚLJĞƐĐƌŝƉƟŽŶ

zh^

CASH

Cusip

BCVWD Consolidated | Account

HOLDINGS REPORT

Ϭ͘ϱϬй
Ϯ͕ϭϵϴ͘ϲϴ
Ϭ͘ϱϳй
;ϭϴϱ͘ϱϵͿ
Ϭ͘ϱϭй
;ϴϵϵ͘ϯϭͿ
Ϭ͘ϭϯй
;ϱϰϰ͘ϴϵͿ
Ϭ͘ϱϭй
1,330.33
Ϭ͘ϯϵй
ϭ͕ϵϯϲ͘Ϭϳ
Ϭ͘Ϯϵй
ϭ͕Ϯϲϭ͘ϯϳ
Ϭ͘ϯϭй
;ϵϭϬ͘ϵϯͿ
Ϭ͘ϱϭй
ϭ͕ϳϮϲ͘ϭϬ

Ϭ͘ϱϰй
ϳ͘ϬϮ
0.54%
7.02

Ϭ͘ϬϬй
0.00
Ϭ͘ϰϭй
0.00
0.41%
0.00

% of Port.
Gain/Loss

Ϭ͘ϳϭ
0.61
Ϭ͘ϴϯ
Ϭ͘ϴϬ
Ϭ͘ϴϲ
Ϭ͘ϴϯ
Ϭ͘ϴϳ
Ϭ͘ϴϱ
ϭ͘Ϭϳ
Ϭ͘ϵϰ
1.52
ϭ͘ϰϮ
ϭ͘ϳϭ
1.53
ϭ͘ϳϭ
1.60
ϭ͘ϴϴ
1.62

0.16
0.15
0.16
0.15

0.00
0.00
0.00
0.00
0.00
0.00

Maturity
ƵƌĂƟŽŶ

CONFIDENTIAL | 9

Aa3/A
Ͳ
Aa2/AA
AA
A2/A+
A+
A2/A+
A
ĂϯͬͲ
NA
A1/A
A+
ϮͬͲ
NA
A2/A+
NA
Aa2/A+
Ͳ

WͲϭͬͲϭ
NA

Aaa/AAA
AAA
Aaa/AAA
AAA

DŽŽĚLJΖƐͬ
S&P/
Fitch

ϰϱϬ͕ϬϬϬ͘ϬϬ
ϰϱϬ͕ϬϬϬ͘ϬϬ

165,000.00
500,000.00

DZ<ΘK/Eϰ͘Ϭϱ
ϬϱͬϭϳͬϮϬϮϴ

dZ'dKZWϰ͘ϯϱϬϲͬϭϱͬϮϬϮϴ

DKZ'E^dE>zE<E
ϰ͘ϵϲϴϬϳͬϭϰͬϮϬϮϴ
WZ&/EE/>KZWϰ͘Ϭ
ϬϴͬϬϴͬϮϬϮϴ
,KDWKd/Eϯ͘ϳϱ
ϬϵͬϭϱͬϮϬϮϴ

>W,d/Eϯ͘ϴϳϱϭϭͬϭϱͬϮϬϮϴ

DKE͘KD/Eϯ͘ϵ
ϭϭͬϮϬͬϮϬϮϴ
:WDKZ'E,^ΘKϰ͘ϵϭϱ
ϬϭͬϮϰͬϮϬϮϵ
E<K&DZ/KZWϰ͘ϵϳϵ
ϬϭͬϮϰͬϮϬϮϵ
Z>dz/EKDKZWϯ͘ϵϱ
02/01/2029

ϱϴϵϯϯz,ϳ

ϴϳϲϭϮhϵ

ϲϭϲϵϬhϴϯ

ϰϯϳϬϳϲ,Ϯ

ϬϮϬϳϵ<sϵ

023135CS3

300,000.00
ϯϰϬ͕ϬϬϬ͘ϬϬ
ϰϳϱ͕ϬϬϬ͘ϬϬ
ϰϬϬ͕ϬϬϬ͘ϬϬ

Es//KZWϰ͘ϯϱϬϲͬϭϱͬϮϬϮϵ

WW^/K/Eϰ͘ϱϬϳͬϭϳͬϮϬϮϵ

DZ/EyWZ^^Kϰ͘ϯϱϭ
ϬϳͬϮϬͬϮϬϮϵ

>/>/>>zEKϰ͘ϮϬϴͬϭϰͬϮϬϮϵ

'K>DE^,^'ZKhW/E
ϰ͘ϭϱϯϭϬͬϮϭͬϮϬϮϵ

ϲϳϬϲϲ'Yϳ

ϳϭϯϰϰϴ&yϭ

ϬϮϱϴϭϲ:ϰ

ϱϯϮϰϱϳYϵ

ϯϴϭϰϭ'Ϯϳ

džĞĐƵƟŽŶdŝŵĞ͗ϬϳͬϬϵͬϮϬϮϲϬϵ͗ϰϮ͗ϯϭD

500,000.00

dZW/>>Z&/EE/>
^Zs/^KZWϰ͘ϯϬϱͬϭϱͬϮϬϮϵ

ϭϰϵϭϯsϮϭ

Cost Value
ŽŽŬsĂůƵĞ
355,000.00
355,000.00
109,910.90
ϭϬϵ͕ϵϲϲ͘ϱϰ
ϰϱϬ͕ϳϱϳ͘ϱϬ
ϰϱϬ͕ϰϴϳ͘ϰϭ
ϰϱϬ͕ϬϬϬ͘ϬϬ
ϰϱϬ͕ϬϬϬ͘ϬϬ
ϯϲϵ͕ϳϴϭ͘ϳϬ
ϯϲϵ͕ϴϰϲ͘ϴϯ
Ϯϱϰ͕ϴϯϰ͘Ϯϱ
Ϯϱϰ͕ϴϳϳ͘ϵϲ
ϭϲϰ͕ϴϱϴ͘ϭϬ
ϭϲϰ͕ϴϴϴ͘ϱϯ
ϱϬϭ͕ϱϳϱ͘ϬϬ
ϱϬϭ͕Ϯϱϭ͘Ϭϴ
230,000.00
230,000.00
ϰϵϱ͕ϬϬϬ͘ϬϬ
ϰϵϱ͕ϬϬϬ͘ϬϬ
ϰϴϮ͕ϭϰϴ͘ϮϬ
ϰϴϮ͕ϳϳϳ͘ϳϲ
ϯϮϰ͕ϲϮϲ͘Ϯϱ
ϯϮϰ͕ϲϳϯ͘ϲϱ
ϰϵϵ͕ϮϲϬ͘ϬϬ
ϰϵϵ͕Ϯϵϭ͘ϳϯ
Ϯϲϰ͕ϴϳϱ͘ϰϱ
Ϯϲϰ͕ϴϳϲ͘ϵϯ
Ϯϵϵ͕ϲϵϰ͘ϬϬ
Ϯϵϵ͕ϴϭϯ͘ϲϱ
ϯϰϬ͕ϬϬϬ͘ϬϬ
ϯϰϬ͕ϬϬϬ͘ϬϬ
ϰϳϰ͕ϱϯϰ͘ϱϬ
ϰϳϰ͕ϳϬϵ͘ϯϴ
ϰϬϬ͕ϭϰϰ͘ϬϬ
ϰϬϬ͕ϭϭϬ͘ϳϲ

Purchase Date
Purchase Yield
05/12/2025
ϰ͘ϴϴй
ϬϱͬϬϴͬϮϬϮϯ
ϰ͘Ϭϳй
ͲͲ
ϰ͘Ϯϵй
ϬϳͬϭϳͬϮϬϮϰ
ϰ͘ϵϳй
ϬϴͬϬϰͬϮϬϮϱ
ϰ͘ϬϮй
ϬϵͬϬϴͬϮϬϮϱ
ϯ͘ϳϳй
11/03/2025
ϯ͘ϵϭй
ϭϭͬϮϰͬϮϬϮϱ
ϯ͘ϳϵй
01/16/2025
ϰ͘ϵϮй
ϬϭͬϭϳͬϮϬϮϱ
ϰ͘ϵϴй
09/25/2025
ϰ͘ϭϰй
02/03/2026
ϯ͘ϴϰй
05/12/2026
ϰ͘ϯϱй
06/15/2026
ϰ͘ϯϳй
ϬϳͬϭϲͬϮϬϮϰ
ϰ͘ϱϮй
ϬϳͬϮϭͬϮϬϮϱ
ϰ͘ϯϱй
ϬϴͬϭϮͬϮϬϮϰ
ϰ͘ϮϮй
10/15/2025
ϰ͘ϭϰй

100.23
ϰ͘ϱϭй
ϵϵ͘ϳϭ
ϰ͘Ϯϭй
ϭϬϬ͘Ϭϰ
ϰ͘ϯϯй
ϭϬϬ͘ϰϯ
ϰ͘ϱϲй
99.31
ϰ͘ϯϰй
ϵϴ͘ϴϴ
ϰ͘Ϯϵй
99.10
ϰ͘Ϯϴй
ϵϴ͘ϵϱ
ϰ͘ϯϳй
ϭϬϬ͘ϰϵ
ϰ͘ϱϯй
100.55
ϰ͘ϱϲй
ϵϴ͘ϱϭ
ϰ͘ϱϳй
ϵϴ͘ϳϳ
ϰ͘ϯϬй
99.63
ϰ͘ϰϰй
ϵϵ͘ϳϬ
ϰ͘ϰϲй
100.31
ϰ͘ϯϵй
ϵϵ͘ϰϵ
ϰ͘ϱϲй
ϵϵ͘ϰϴ
ϰ͘ϯϴй
ϵϴ͘ϱϵ
ϰ͘ϳϮй

Mkt Price
Mkt YTM
ϯϱϱ͕ϴϬϳ͘ϵϴ
Ϯ͕ϭϰϱ͘ϱϴ
ϭϬϵ͕ϲϳϵ͘ϲϴ
ϱϰϰ͘ϱϬ
ϰϱϬ͕ϭϴϬ͘ϬϬ
ϴϳϬ͘ϬϬ
ϰϱϭ͕ϵϭϱ͘ϲϱ
ϭϬ͕ϯϳϬ͘ϳϬ
ϯϲϳ͕ϰϱϭ͘Ϭϳ
ϱ͕ϴϳϴ͘ϴϵ
ϮϱϮ͕ϭϰϱ͘Ϯϴ
Ϯ͕ϴϭϱ͘ϲϯ
163,509.23
ϴϭϲ͘ϵϴ
ϰϵϰ͕ϳϯϯ͘ϬϬ
Ϯ͕ϮϮϬ͘ϴϯ
231,115.96
ϰ͕ϵϯϬ͘ϬϮ
ϰϵϳ͕ϳϬϰ͘ϭϵ
ϭϬ͕ϳϰϴ͘ϰϮ
ϰϳϳ͕ϳϳϴ͘ϯϱ
ϳ͕ϵϴϮ͘Ϯϵ
ϯϮϭ͕Ϭϭϳ͘ϰϱ
ϰ͕ϳϲϴ͘ϰϳ
ϰϵϴ͕ϭϲϳ͘ϱϬ
Ϯ͕ϳϰϳ͘ϮϮ
Ϯϲϰ͕ϮϬϭ͘ϱϲ
ϰϭϲ͘Ϯϳ
ϯϬϬ͕ϵϮϴ͘ϮϬ
6,150.00
ϯϯϴ͕Ϯϲϭ͘Ϯϰ
ϲ͕ϲϭϱ͘ϵϰ
ϰϳϮ͕ϱϭϱ͘Ϯϴ
ϳ͕ϱϵϮ͘Ϭϴ
ϯϵϰ͕ϯϲϬ͘ϬϬ
3,230.11

Market Value
Accrued Int.

ŚĂŶĚůĞƌƐƐĞƚDĂŶĂŐĞŵĞŶƚͮŝŶĨŽΛĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮǁǁǁ͘ĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮϴϬϬ͘ϯϭϳ͘ϰϳϰϳ

265,000.00

325,000.00

s/^/Eϯ͘ϴϬϮͬϭϮͬϮϬϮϵ

ϰϴϱ͕ϬϬϬ͘ϬϬ

ϰϵϱ͕ϬϬϬ͘ϬϬ

230,000.00

ϵϮϴϮϲzϴ

ϳϱϲϭϬϵtϮ

ϬϲϬϱϭ'D<Ϯ

ϰϲϲϰϳWhϲ

255,000.00

ϯϳϬ͕ϬϬϬ͘ϬϬ

110,000.00

h^E<Eϰ͘ϳϯϬϱͬϭϱͬϮϬϮϴ

ϵϬϯϯϭ,W^ϲ

ϲϵϯϳϭZdϵϳ

355,000.00

^ĞĐƵƌŝƚLJĞƐĐƌŝƉƟŽŶ

Par Value/
Units

| As of June 30, 2026

Cusip

BCVWD Consolidated | Account

HOLDINGS REPORT

Ϭ͘ϰϬй
ϴϬϳ͘ϵϴ
Ϭ͘ϭϮй
;Ϯϴϲ͘ϴϲͿ
Ϭ͘ϱϭй
;ϯϬϳ͘ϰϭͿ
Ϭ͘ϱϭй
1,915.65
Ϭ͘ϰϮй
;Ϯ͕ϯϵϱ͘ϳϲͿ
Ϭ͘Ϯϵй
;Ϯ͕ϳϯϮ͘ϲϴͿ
Ϭ͘ϭϵй
;ϭ͕ϯϳϵ͘ϯϭͿ
Ϭ͘ϱϲй
;ϲ͕ϱϭϴ͘ϬϴͿ
Ϭ͘Ϯϲй
1,115.96
Ϭ͘ϱϳй
Ϯ͕ϳϬϰ͘ϭϵ
Ϭ͘ϱϰй
;ϰ͕ϵϵϵ͘ϰϭͿ
Ϭ͘ϯϲй
;ϯ͕ϲϱϲ͘ϮϬͿ
Ϭ͘ϱϳй
;ϭ͕ϭϮϰ͘ϮϯͿ
Ϭ͘ϯϬй
;ϲϳϱ͘ϯϴͿ
Ϭ͘ϯϰй
ϭ͕ϭϭϰ͘ϱϱ
Ϭ͘ϯϴй
;ϭ͕ϳϯϴ͘ϳϲͿ
Ϭ͘ϱϰй
;Ϯ͕ϭϵϰ͘ϭϭͿ
Ϭ͘ϰϱй
;ϱ͕ϳϱϬ͘ϳϲͿ

% of Port.
Gain/Loss

ϭ͘ϴϴ
Ϭ͘ϴϰ
ϭ͘ϴϴ
ϭ͘ϳϴ
1.96
ϭ͘ϴϱ
Ϯ͘Ϭϰ
Ϭ͘ϵϴ
2.11
1.96
2.21
Ϯ͘Ϭϳ
Ϯ͘ϯϴ
2.23
2.39
Ϯ͘Ϯϰ
Ϯ͘ϱϳ
ϭ͘ϰϲ
Ϯ͘ϱϳ
ϭ͘ϰϲ
2.59
2.39
2.62
Ϯ͘ϰϮ
Ϯ͘ϴϳ
2.66
2.96
Ϯ͘ϳϰ
3.05
2.69
3.05
1.90
3.12
Ϯ͘ϴϱ
3.31
2.15

Maturity
ƵƌĂƟŽŶ

CONFIDENTIAL | 10

DŽŽĚLJΖƐͬ
S&P/
Fitch
A2/A+
A+
Aa3/A+
NA
A2/A
NA
Aa3/A+
AA
A1/A+
NA
A2/A
A
Aa2/AA+
NA
A1/AA
Ͳ
A1/A
Ͳ
ϭͬͲ
Ͳ
ϯͬͲ
NA
ĂϯͬͲ
NA
A1/A
A+
Aa1/AA
NA
A1/A+
NA
ϮͬͲ
A
ĂϯͬͲ
NA
A2/BBB+
A

Es//KZWϰ͘ϱϬϲͬϭϱͬϮϬϯϭ

ϬϮϬϳϵ<tϳ

ϲϳϬϲϲ'Zϱ

&/Z^dDZ͗'sdK>'z

CalTrust MMF

džĞĐƵƟŽŶdŝŵĞ͗ϬϳͬϬϵͬϮϬϮϲϬϵ͗ϰϮ͗ϯϭD

ϯϭϴϰϲsϮϬϯ

DKEzDZ<d
FUND

Total Local Gov
Investment Pool

09CATR$01

LOCAL GOV
INVESTMENT
POOL

Total LAIF

90LAIF$00

LAIF

Total Corporate

ϳϰϰϲϰϱ

ϰϲϲϰϳW&Ϭ

>ŽĐĂůŐĞŶĐLJ/ŶǀĞƐƚŵĞŶƚ&ƵŶĚ
^ƚĂƚĞWŽŽů

>W,d/Eϰ͘ϭϭϭͬϭϱͬϮϬϯϬ

ϵϱϬϬϬhϰϮ

ͲͲ
ϯ͘Ϯϳй

3.74%

ͲͲ
ϯ͘ϳϰй

3.82%

ͲͲ
ϯ͘ϴϮй

4.36%

01/06/2025
ϱ͘ϬϬй
ϬϭͬϭϰͬϮϬϮϲ
ϰ͘Ϭϵй
01/15/2026
ϰ͘ϭϴй
ϬϵͬϭϴͬϮϬϮϱ
ϰ͘ϭϱй
ϬϵͬϬϰͬϮϬϮϱ
ϰ͘ϭϴй
11/13/2025
ϰ͘Ϭϰй
ϬϲͬϭϴͬϮϬϮϲ
ϰ͘ϱϲй

Purchase Date
Purchase Yield

ϭϴϲ͕ϰϯϲ͘ϰϲ
ϭϴϲ͕ϰϯϲ͘ϰϲ

ϳ͕ϲϮϯ͕ϵϰϲ͘ϴϲ
ϳ͕ϲϮϯ͕ϵϰϲ͘ϴϲ
7,623,946.86
7,623,946.86

ϯϳ͕ϱϯϳ͕ϰϰϵ͘ϰϮ
ϯϳ͕ϱϯϳ͕ϰϰϵ͘ϰϮ
37,537,449.42
37,537,449.42

ϯϯϵ͕ϮϳϮ͘ϰϬ
ϯϯϵ͕ϰϴϲ͘ϳϴ
ϭϰϬ͕ϬϬϬ͘ϬϬ
ϭϰϬ͕ϬϬϬ͘ϬϬ
ϮϳϬ͕ϬϬϬ͘ϬϬ
ϮϳϬ͕ϬϬϬ͘ϬϬ
ϰϬϱ͕ϲϲϴ͘ϬϬ
ϰϬϰ͕ϰϴϯ͘ϳϬ
ϯϬϮ͕ϰϰϱ͘ϬϬ
ϯϬϮ͕ϬϮϮ͘ϰϮ
ϯϬϬ͕ϳϴϯ͘ϬϬ
ϯϬϬ͕ϲϴϰ͘ϯϭ
Ϯϰϵ͕ϯϵϮ͘ϱϬ
Ϯϰϵ͕ϯϵϱ͘ϱϭ
11,742,621.75
11,743,100.14

Cost Value
ŽŽŬsĂůƵĞ

1.00
ϯ͘Ϯϳй

1.00
ϯ͘ϳϰй
1.00
3.74%

1.00
ϯ͘ϴϮй
1.00
3.82%

101.15
ϰ͘ϱϵй
ϵϴ͘ϲϭ
ϰ͘ϱϬй
ϵϴ͘ϲϵ
ϰ͘ϲϰй
99.62
ϰ͘ϴϳй
99.35
ϰ͘ϱϲй
ϵϴ͘ϱϯ
ϰ͘ϰϳй
99.65
ϰ͘ϱϴй
99.72
4.43%

Mkt Price
Mkt YTM

ϭϴϲ͕ϰϯϲ͘ϰϲ
0.00

ϳ͕ϲϮϯ͕ϵϰϲ͘ϴϲ
0.00
7,623,946.86
0.00

ϯϳ͕ϱϯϳ͕ϰϰϵ͘ϰϮ
0.00
37,537,449.42
0.00

ϯϰϯ͕ϵϬϮ͘ϱϮ
ϴ͕Ϭϰϭ͘ϬϬ
ϭϯϴ͕ϬϱϬ͘Ϭϴ
Ϯ͕ϰϴϵ͘ϰϭ
Ϯϲϲ͕ϰϲϬ͘ϴϰ
ϰ͕ϵϱϱ͘ϲϳ
ϯϵϴ͕ϰϵϴ͘ϰϬ
ϴϲϮ͘Ϯϴ
Ϯϵϴ͕Ϭϰϰ͘ϯϬ
6,562.50
Ϯϵϱ͕ϱϴϮ͘ϱϬ
ϭ͕ϱϳϭ͘ϲϳ
Ϯϰϵ͕ϭϭϱ͘ϬϬ
ϰϬϲ͘Ϯϱ
11,706,492.26
144,918.95

Market Value
Accrued Int.

ŚĂŶĚůĞƌƐƐĞƚDĂŶĂŐĞŵĞŶƚͮŝŶĨŽΛĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮǁǁǁ͘ĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮϴϬϬ͘ϯϭϳ͘ϰϳϰϳ

ϭϴϲ͕ϰϯϲ͘ϰϲ

7,623,946.86

ϳ͕ϲϮϯ͕ϵϰϲ͘ϴϲ

37,537,449.42

ϯϳ͕ϱϯϳ͕ϰϰϵ͘ϰϮ

11,740,000.00

250,000.00

300,000.00

300,000.00

ϰϬϬ͕ϬϬϬ͘ϬϬ

ϮϳϬ͕ϬϬϬ͘ϬϬ

ϭϰϬ͕ϬϬϬ͘ϬϬ

ϯϰϬ͕ϬϬϬ͘ϬϬ

dKzKdDKdKZZ/dKZW
ϰ͘ϵϱϬϭͬϬϵͬϮϬϯϬ
E<K&EtzKZ<D>>KE
KZWϰ͘ϬϮϲϬϭͬϮϮͬϮϬϯϬ
t>>^&Z'KΘKϰ͘ϭϴϮ
01/23/2030
:WDKZ'E,^ΘKϰ͘ϱϲϱ
ϬϲͬϭϰͬϮϬϯϬ
Wh>/^dKZ'KWZd/E'K
ϰ͘ϯϳϱϬϳͬϬϭͬϮϬϯϬ

ϴϵϮϯϲdEϵ

ϬϲϰϬϲZ'Ϭ

Par Value/
Units

^ĞĐƵƌŝƚLJĞƐĐƌŝƉƟŽŶ

| As of June 30, 2026

Cusip

BCVWD Consolidated | Account

HOLDINGS REPORT

NA/NA
NA

DŽŽĚLJΖƐͬ
S&P/
Fitch
A1/A+
A+
Aa3/A
Ͳ
A1/BBB+
A+
A1/A
Ͳ
A2/A
NA
Aa2/AA+
NA
Aa1/AA
NA

Ϭ͘Ϯϭй
0.00

0.00
0.00

0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00

3.53
3.13
3.56
2.36
ϯ͘ϱϳ
2.35
3.96
Ϯ͘ϳϯ
ϰ͘ϬϬ
3.63
ϰ͘ϯϴ
ϯ͘ϵϰ
ϰ͘ϵϲ
ϰ͘ϯϵ
2.43
1.98

Maturity
ƵƌĂƟŽŶ

CONFIDENTIAL | 11

Aaa/
AAAm
AAA

ϴ͘ϲϲй NA/AAAm
0.00
NA
8.66%
0.00

ϰϮ͘ϲϱй
0.00
42.65%
0.00

Ϭ͘ϯϵй
ϰ͕ϰϭϱ͘ϳϱ
Ϭ͘ϭϲй
;ϭ͕ϵϰϵ͘ϵϮͿ
Ϭ͘ϯϬй
;ϯ͕ϱϯϵ͘ϭϲͿ
Ϭ͘ϰϱй
;ϱ͕ϵϴϱ͘ϯϬͿ
Ϭ͘ϯϰй
;ϯ͕ϵϳϴ͘ϭϮͿ
Ϭ͘ϯϰй
;ϱ͕ϭϬϭ͘ϴϭͿ
Ϭ͘Ϯϴй
;ϮϴϬ͘ϱϭͿ
13.30%
(36,607.88)

% of Port.
Gain/Loss

hE/d^dd^dZ^hZzϰ͘ϭϮϱ
ϬϮͬϮϴͬϮϬϮϳ
hE/d^dd^dZ^hZzϯ͘ϳϱ
ϬϰͬϯϬͬϮϬϮϳ
hE/d^dd^dZ^hZzϰ͘ϯϳϱ
ϬϳͬϭϱͬϮϬϮϳ
hE/d^dd^dZ^hZzϯ͘ϱ
ϬϵͬϯϬͬϮϬϮϳ
hE/d^dd^dZ^hZzϰ͘ϭϮϱ
ϭϬͬϯϭͬϮϬϮϳ
hE/d^dd^dZ^hZzϯ͘ϯϳϱ
ϭϮͬϯϭͬϮϬϮϳ
hE/d^dd^dZ^hZzϰ͘Ϯϱ
ϬϭͬϭϱͬϮϬϮϴ
hE/d^dd^dZ^hZzϯ͘ϲϮϱ
ϬϯͬϯϭͬϮϬϮϴ
hE/d^dd^dZ^hZzϯ͘ϱ
ϬϰͬϯϬͬϮϬϮϴ
hE/d^dd^dZ^hZzϰ͘Ϭ
ϬϲͬϯϬͬϮϬϮϴ
hE/d^dd^dZ^hZzϯ͘ϳϱ
ϭϮͬϯϭͬϮϬϮϴ

ϬϱͬϮϴͬϮϬϮϱ
ϰ͘Ϭϰй
ϬϴͬϮϳͬϮϬϮϱ
ϯ͘ϳϭй
ϬϱͬϮϴͬϮϬϮϱ
ϯ͘ϵϵй
02/26/2026
ϯ͘ϰϵй
09/15/2023
ϰ͘ϱϲй
02/26/2026
ϯ͘ϰϳй
03/25/2026
ϯ͘ϴϵй
06/15/2023
ϯ͘ϵϲй
ͲͲ
ϯ͘ϳϳй
ϬϮͬϮϮͬϮϬϮϰ
ϰ͘ϯϳй
06/16/2025
ϯ͘ϵϱй

ϭ͕ϬϬϭ͕ϰϬϲ͘Ϯϱ
ϭ͕ϬϬϬ͕ϱϯϭ͘ϳϰ
ϳϱϬ͕ϰϲϴ͘ϳϱ
ϳϱϬ͕ϮϯϮ͘ϴϰ
ϴϬϲ͕ϭϴϳ͘ϱϬ
ϴϬϯ͕Ϭϭϴ͘ϭϬ
ϳϱϬ͕ϭϰϲ͘ϰϴ
ϳϱϬ͕ϭϭϱ͘ϭϲ
ϵϴϯ͕ϴϲϳ͘ϭϵ
ϵϵϰ͕ϳϳϲ͘ϭϰ
ϳϰϴ͕ϳϰϬ͘Ϯϯ
ϳϰϴ͕ϵϳϮ͘ϲϵ
ϱϬϯ͕Ϭϲϲ͘ϰϭ
ϱϬϮ͕ϲϭϱ͘ϳϰ
ϳϴϴ͕ϯϭϮ͘ϱϬ
ϳϵϱ͕ϳϯϮ͘ϯϵ
ϰϲϵ͕ϯϲϯ͘Ϯϵ
ϰϳϮ͕ϴϰϰ͘ϬϬ
ϳϯϵ͕ϭϴϵ͘ϰϱ
ϳϰϱ͕Ϭϯϯ͘ϱϰ
ϲϰϱ͕ϴϭϬ͘ϱϱ
ϲϰϳ͕Ϭϯϴ͘ϱϱ

583,747.95
584,196.04

Ϯϰϰ͕ϭϮϱ͘ϯϱ
Ϯϰϰ͕ϯϰϵ͘ϱϮ

ϬϯͬϭϰͬϮϬϮϱ
ϰ͘ϮϬй
4.39%

339,622.60
ϯϯϵ͕ϴϰϲ͘ϱϮ

186,436.46
186,436.46

Cost Value
ŽŽŬsĂůƵĞ

ϬϳͬϬϲͬϮϬϮϯ
ϰ͘ϱϯй

3.27%

Purchase Date
Purchase Yield

ϭϬϬ͘Ϭϳ
ϰ͘Ϭϭй
ϵϵ͘ϳϯ
ϰ͘Ϭϳй
100.25
ϰ͘ϭϯй
99.21
ϰ͘ϭϱй
ϵϵ͘ϵϰ
ϰ͘ϭϳй
ϵϴ͘ϴϲ
ϰ͘ϭϳй
100.11
ϰ͘ϭϳй
99.09
ϰ͘ϭϳй
ϵϴ͘ϴϮ
ϰ͘ϭϳй
99.69
ϰ͘ϭϲй
99.01
ϰ͘ϭϳй

100.24
4.19%

ϵϵ͘ϳϬ
ϰ͘Ϯϭй

100.63
ϰ͘ϭϳй

1.00
3.27%

Mkt Price
Mkt YTM

ϭ͕ϬϬϬ͕ϲϳϯ͘ϬϬ
ϭϯ͕ϳϴϳ͘ϯϲ
ϳϰϴ͕ϬϬϴ͘ϬϬ
ϰ͕ϳϯϴ͘ϰϱ
ϴϬϭ͕ϵϵϵ͘ϮϬ
ϭϲ͕ϭϰϲ͘ϰϭ
ϳϰϰ͕ϭϭϭ͘ϬϬ
ϲ͕ϱϵϴ͘ϯϲ
ϵϵϵ͕ϰϭϰ͘ϬϬ
ϲ͕ϵϰϵ͘ϳϯ
ϳϰϭ͕ϰϭϲ͘Ϯϱ
ϲϴ͘ϳϴ
ϱϬϬ͕ϱϰϳ͘ϬϬ
ϵ͕ϴϬϯ͘ϭϴ
ϳϵϮ͕ϲϴϳ͘ϮϬ
ϳ͕Ϯϴϵ͘ϲϮ
ϰϲϵ͕ϰϭϰ͘ϵϱ
Ϯ͕ϴϬϬ͘ϵϱ
ϳϰϳ͕ϲϴϱ͘ϱϬ
ϴϭ͘ϱϮ
ϲϰϯ͕ϱϱϬ͘ϳϬ
ϲϲ͘Ϯϰ

586,400.66
9,975.36

Ϯϰϰ͕ϮϲϮ͘Ϭϲ
Ϯ͕ϴϯϱ͘ϯϲ

ϯϰϮ͕ϭϯϴ͘ϲϬ
ϳ͕ϭϰϬ͘ϬϬ

186,436.46
0.00

Market Value
Accrued Int.

ŚĂŶĚůĞƌƐƐĞƚDĂŶĂŐĞŵĞŶƚͮŝŶĨŽΛĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮǁǁǁ͘ĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮϴϬϬ͘ϯϭϳ͘ϰϳϰϳ

650,000.00

ϳϱϬ͕ϬϬϬ͘ϬϬ

ϰϳϱ͕ϬϬϬ͘ϬϬ

ϴϬϬ͕ϬϬϬ͘ϬϬ

500,000.00

ϳϱϬ͕ϬϬϬ͘ϬϬ

1,000,000.00

ϳϱϬ͕ϬϬϬ͘ϬϬ

ϴϬϬ͕ϬϬϬ͘ϬϬ

ϳϱϬ͕ϬϬϬ͘ϬϬ

1,000,000.00

585,000.00

Ϯϰϱ͕ϬϬϬ͘ϬϬ

ϯϰϬ͕ϬϬϬ͘ϬϬ

186,436.46

Par Value/
Units

| As of June 30, 2026

/EdZEd/KE>&/EEKZW
ϰ͘ϱϬϳͬϭϯͬϮϬϮϴ
/EdZEd/KE>E<&KZ
RECONSTRUCTION AND
s>KWDϰ͘ϭϮϱϬϯͬϮϬͬϮϬϯϬ

^ĞĐƵƌŝƚLJĞƐĐƌŝƉƟŽŶ

džĞĐƵƟŽŶdŝŵĞ͗ϬϳͬϬϵͬϮϬϮϲϬϵ͗ϰϮ͗ϯϭD

ϵϭϮϴϮ:Zϯ

ϵϭϮϴϮ,<Ϭ

ϵϭϮϴϮ,Ϯ

ϵϭϮϴϮ'dϮ

ϵϭϮϴϮD&ϱ

ϵϭϮϴϮW^ϰ

ϵϭϮϴϮ&hϬ

ϵϭϮϴϮWϭ

ϵϭϮϴϮ<ϯ

ϵϭϮϴϮDzϰ

ϵϭϮϴϮDWϯ

US TREASURY

Total
^ƵƉƌĂŶĂƟŽŶĂů

ϰϱϵϬϱϴ>ZϮ

ϰϱϵϱϬ<ϵ

SUPRANATIONAL

Total Money
Market Fund

Cusip

BCVWD Consolidated | Account

HOLDINGS REPORT

ϭ͘ϭϰй
ϭϰϭ͘Ϯϲ
Ϭ͘ϴϱй
;Ϯ͕ϮϮϰ͘ϴϰͿ
Ϭ͘ϵϭй
;ϭ͕Ϭϭϴ͘ϵϬͿ
Ϭ͘ϴϱй
;ϲ͕ϬϬϰ͘ϭϲͿ
ϭ͘ϭϰй
ϰ͕ϲϯϳ͘ϴϲ
Ϭ͘ϴϰй
;ϳ͕ϱϱϲ͘ϰϰͿ
Ϭ͘ϱϳй
;Ϯ͕Ϭϲϴ͘ϳϰͿ
Ϭ͘ϵϬй
;ϯ͕Ϭϰϱ͘ϭϵͿ
Ϭ͘ϱϯй
;ϯ͕ϰϮϵ͘ϬϱͿ
Ϭ͘ϴϱй
2,651.96
Ϭ͘ϳϯй
;ϯ͕ϰϴϳ͘ϴϱͿ

0.67%
2,204.62

Ϭ͘Ϯϴй
;ϴϳ͘ϰϲͿ

Ϭ͘ϯϵй
Ϯ͕ϮϵϮ͘Ϭϴ

0.21%
0.00

% of Port.
Gain/Loss

Ϭ͘ϲϳ
Ϭ͘ϲϰ
Ϭ͘ϴϯ
Ϭ͘ϴϭ
ϭ͘Ϭϰ
0.99
1.25
1.20
ϭ͘ϯϰ
ϭ͘Ϯϳ
1.50
ϭ͘ϰϰ
ϭ͘ϱϰ
ϭ͘ϰϱ
ϭ͘ϳϱ
1.66
ϭ͘ϴϰ
ϭ͘ϳϰ
2.00
1.90
2.50
2.36

2.74
2.51

ϯ͘ϳϮ
ϯ͘ϯϴ

Ϯ͘Ϭϰ
ϭ͘ϴϵ

0.00
0.00

Maturity
ƵƌĂƟŽŶ

CONFIDENTIAL | 12

Aa1/AA+
AA+
Aa1/AA+
AA+
Aa1/AA+
AA+
Aa1/AA+
AA+
Aa1/AA+
AA+
Aa1/AA+
AA+
Aa1/AA+
AA+
Aa1/AA+
AA+
Aa1/AA+
AA+
Aa1/AA+
AA+
Aa1/AA+
AA+

Aaa/AAA
NA

Aaa/AAA
NA

DŽŽĚLJΖƐͬ
S&P/
Fitch

48.37
4.02%

87,923,894.68
88,107,740.50

4.01%

4.03%

Mkt Price
Mkt YTM
100.21
ϰ͘ϭϳй
ϵϴ͘ϯϮ
ϰ͘ϭϲй
101.20
ϰ͘ϭϳй
100.91
ϰ͘ϭϳй
ϵϳ͘ϰϯ
ϰ͘ϭϳй
ϵϴ͘ϰϬ
ϰ͘ϭϳй
ϵϳ͘ϵϳ
ϰ͘ϭϳй
ϵϵ͘ϴϰ
ϰ͘ϭϴй
ϭϬϬ͘ϲϰ
ϰ͘ϭϳй
99.32
ϰ͘ϭϵй
ϵϳ͘ϳϰ
ϰ͘ϮϬй
ϵϴ͘ϱϴ
ϰ͘Ϯϭй
99.63
ϰ͘Ϯϭй
99.45
4.15%

Cost Value
ŽŽŬsĂůƵĞ
ϱϵϳ͕ϮϱϮ͘ϵϯ
ϱϵϴ͕ϲϲϯ͘Ϭϴ
ϰϵϰ͕ϱϱϬ͘ϳϴ
ϰϵϰ͕ϴϳϮ͘ϱϰ
ϳϯϬ͕ϰϯϳ͘ϱϬ
ϳϮϴ͕ϭϭϴ͘ϯϰ
ϳϭϭ͕ϵϳϮ͘ϲϲ
ϳϬϳ͕Ϯϯϴ͘Ϭϲ
ϳϯϵ͕ϭϲϬ͘ϭϲ
ϳϰϬ͕ϰϴϵ͘Ϭϴ
ϰϱϮ͕Ϯϲϳ͘ϱϴ
ϰϱϭ͕ϰϱϳ͘ϱϱ
ϳϯϮ͕ϲϴϱ͘ϱϱ
ϳϯϴ͕ϱϲϵ͘ϯϴ
ϰϵϰ͕ϱϯϭ͘Ϯϱ
ϰϵϲ͕ϮϮϲ͘ϭϬ
ϰϵϵ͕ϵϴϬ͘ϰϳ
ϰϵϵ͕ϵϴϲ͘ϯϮ
505,351.56
ϱϬϰ͕ϲϴϵ͘ϭϳ
ϰϵϲ͕ϴϯϱ͘ϵϰ
ϰϵϳ͕ϭϵϰ͘ϬϬ
Ϯϰϲ͕ϰϬϲ͘Ϯϱ
Ϯϰϲ͕ϰϳϳ͘ϯϱ
ϰϵϴ͕Ϯϲϭ͘ϳϮ
ϰϵϴ͕ϮϳϬ͘ϯϵ
15,386,252.95
15,413,162.27

ͲͲ
ϰ͘ϯϱй
ϬϰͬϮϵͬϮϬϮϲ
ϯ͘ϵϬй
ϬϱͬϮϮͬϮϬϮϰ
ϰ͘ϰϱй
ͲͲ
ϰ͘ϭϭй
ϬϭͬϮϴͬϮϬϮϲ
ϯ͘ϳϬй
ϬϵͬϮϱͬϮϬϮϰ
ϯ͘ϱϭй
ϭϬͬϮϱͬϮϬϮϰ
ϰ͘ϬϮй
ϭϮͬϯϬͬϮϬϮϰ
ϰ͘ϯϴй
ϭϮͬϯϬͬϮϬϮϰ
ϰ͘ϯϴй
12/10/2025
ϯ͘ϳϰй
12/10/2025
ϯ͘ϳϳй
05/26/2026
ϰ͘Ϯϭй
ϬϲͬϭϴͬϮϬϮϲ
ϰ͘ϮϬй

Purchase Date
Purchase Yield

88,358,155.17

88,019,117.95
339,037.21

ϲϬϭ͕ϮϰϮ͘ϬϬ
ϴ͕ϱϮϯ͘ϭϬ
ϰϵϭ͕ϱϴϮ͘ϬϬ
ϱ͕ϭϯϱ͘ϴϳ
ϳϯϯ͕ϲϲϱ͘ϵϯ
ϱ͕ϲϰϵ͘Ϯϵ
ϳϬϲ͕ϯϰϰ͘ϭϬ
Ϯ͕ϲϲϴ͘Ϭϯ
ϳϯϬ͕ϳϱϮ͘ϬϬ
ϲϲ͘Ϯϰ
ϰϰϮ͕ϳϵϮ͘ϴϬ
ϱ͕ϰϱϮ͘Ϯϴ
ϳϯϰ͕ϳϲϲ͘ϬϬ
ϲ͕ϱϵϴ͘ϯϲ
ϰϵϵ͕ϭϵϵ͘ϬϬ
ϯ͕ϰϳϰ͘ϴϲ
503,222.50
ϱϵ͘ϰϰ
ϰϵϲ͕ϲϮϭ͘ϬϬ
1,693.99
ϰϴϴ͕ϳϭϭ͘ϬϬ
ϯ͕Ϭϱϯ͘ϲϳ
Ϯϰϲ͕ϰϰϱ͘Ϯϱ
Ϯ͕ϰϯϱ͘ϭϭ
ϰϵϴ͕ϭϲϰ͘ϬϬ
ϭ͕ϳϰϲ͘ϵϯ
15,363,014.38
114,887.76

Market Value
Accrued Int.

ŚĂŶĚůĞƌƐƐĞƚDĂŶĂŐĞŵĞŶƚͮŝŶĨŽΛĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮǁǁǁ͘ĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮϴϬϬ͘ϯϭϳ͘ϰϳϰϳ

88,220,710.42

dŽƚĂůWŽƌƞŽůŝŽ
Total Market Value
+ Accrued

džĞĐƵƟŽŶdŝŵĞ͗ϬϳͬϬϵͬϮϬϮϲϬϵ͗ϰϮ͗ϯϭD

15,450,000.00

500,000.00

250,000.00

500,000.00

500,000.00

500,000.00

500,000.00

ϳϱϬ͕ϬϬϬ͘ϬϬ

ϰϱϬ͕ϬϬϬ͘ϬϬ

ϳϱϬ͕ϬϬϬ͘ϬϬ

ϳϬϬ͕ϬϬϬ͘ϬϬ

ϳϮϱ͕ϬϬϬ͘ϬϬ

Total US Treasury

ϵϭϮϴϮYhϴ

ϵϭϮϴϮY'ϵ

ϵϭϮϴϮWϳ

ϵϭϮϴϮE'Ϯ

ϵϭϮϴϮDϬ

ϵϭϮϴϮ>ZϬ

ϵϭϮϴϮ>Eϵ

ϵϭϮϴϮ><ϱ

ϵϭϮϴϮsϵ

ϵϭϮϴϮ<dϳ

ϵϭϮϴϮ<Wϱ

500,000.00

600,000.00

hE/d^dd^dZ^hZzϰ͘Ϯϱ
ϬϮͬϮϴͬϮϬϮϵ
hE/d^dd^dZ^hZzϯ͘ϱ
03/15/2029
hE/d^dd^dZ^hZzϰ͘ϲϮϱ
ϬϰͬϯϬͬϮϬϮϵ
hE/d^dd^dZ^hZzϰ͘ϱ
05/31/2029
hE/d^dd^dZ^hZzϯ͘Ϯϱ
06/30/2029
hE/d^dd^dZ^hZzϯ͘ϲϮϱ
ϬϴͬϯϭͬϮϬϮϵ
hE/d^dd^dZ^hZzϯ͘ϱ
09/30/2029
hE/d^dd^dZ^hZzϰ͘ϭϮϱ
10/31/2029
hE/d^dd^dZ^hZzϰ͘ϯϳϱ
12/31/2029
hE/d^dd^dZ^hZzϰ͘Ϭ
05/31/2030
hE/d^dd^dZ^hZzϯ͘ϲϮϱ
10/31/2030
hE/d^dd^dZ^hZzϯ͘ϴϳϱ
03/31/2031
hE/d^dd^dZ^hZzϰ͘ϭϮϱ
05/31/2031

ϵϭϮϴϮ<Ϯ

ϵϭϮϴϮYϰ

Par Value/
Units

^ĞĐƵƌŝƚLJĞƐĐƌŝƉƟŽŶ

| As of June 30, 2026

Cusip

BCVWD Consolidated | Account

HOLDINGS REPORT

100.00%
(88,622.54)

Ϭ͘ϲϴй
Ϯ͕ϱϳϴ͘ϵϮ
Ϭ͘ϱϲй
;ϯ͕ϮϵϬ͘ϱϰͿ
Ϭ͘ϴϯй
ϱ͕ϱϰϳ͘ϱϴ
Ϭ͘ϴϬй
;ϴϵϯ͘ϵϲͿ
Ϭ͘ϴϯй
;ϵ͕ϳϯϳ͘ϬϴͿ
Ϭ͘ϱϬй
;ϴ͕ϲϲϰ͘ϳϱͿ
Ϭ͘ϴϯй
;ϯ͕ϴϬϯ͘ϯϴͿ
Ϭ͘ϱϳй
Ϯ͕ϵϳϮ͘ϵϬ
Ϭ͘ϱϳй
ϯ͕Ϯϯϲ͘ϭϴ
Ϭ͘ϱϲй
;ϴ͕Ϭϲϴ͘ϭϳͿ
Ϭ͘ϱϲй
;ϴ͕ϰϴϯ͘ϬϬͿ
Ϭ͘Ϯϴй
;ϯϮ͘ϭϬͿ
Ϭ͘ϱϳй
;ϭϬϲ͘ϯϵͿ
17.45%
(50,147.90)

% of Port.
Gain/Loss

1.05
0.86

Ϯ͘ϲϳ
Ϯ͘ϰϲ
Ϯ͘ϳϭ
2.53
Ϯ͘ϴϯ
2.61
2.92
Ϯ͘ϳϬ
3.00
Ϯ͘ϴϮ
ϯ͘ϭϳ
2.92
3.25
3.01
ϯ͘ϯϰ
3.06
3.50
3.21
3.92
ϯ͘ϱϴ
ϰ͘ϯϰ
ϯ͘ϵϰ
ϰ͘ϳϱ
ϰ͘Ϯϱ
ϰ͘ϵϮ
ϰ͘ϯϵ
2.33
2.16

Maturity
ƵƌĂƟŽŶ

CONFIDENTIAL | 13

DŽŽĚLJΖƐͬ
S&P/
Fitch
Aa1/AA+
AA+
Aa1/AA+
AA+
Aa1/AA+
AA+
Aa1/AA+
AA+
Aa1/AA+
AA+
Aa1/AA+
AA+
Aa1/AA+
AA+
Aa1/AA+
AA+
Aa1/AA+
AA+
Aa1/AA+
AA+
Aa1/AA+
AA+
Aa1/AA+
AA+
Aa1/AA+
AA+

ZĞĐĞŝǀĂďůĞ

zh^

ϭϭͬϮϰͬϮϬϮϱ
11/25/2025
500,000.00
ϬϳͬϮϭͬϮϬϮϱ
ϬϳͬϮϱͬϮϬϮϱ
ϯϰϬ͕ϬϬϬ͘ϬϬ

>W,d/Eϰ͘ϭ
11/15/2030

DKE͘KD/Eϯ͘ϵ
ϭϭͬϮϬͬϮϬϮϴ

DZ/EyWZ^^Kϰ͘ϯϱϭ
ϬϳͬϮϬͬϮϬϮϵ

ϬϮϬϳϵ<tϳ

023135CS3

ϬϮϱϴϭϲ:ϰ

Ϯϰϵ͕ϴϬϰ͘ϵϮ
0.00
0.00
Ϯϰϵ͕ϴϭϯ͘ϴϴ
ϭϲϰ͕ϴϴϰ͘ϲϴ
0.00
0.00
ϭϲϰ͕ϴϴϴ͘ϱϯ
ϯϬϬ͕ϲϵϳ͘ϰϭ
0.00
0.00
ϯϬϬ͕ϲϴϰ͘ϯϭ
501,295.66
0.00
0.00
ϱϬϭ͕Ϯϱϭ͘Ϭϴ
ϯϰϬ͕ϬϬϬ͘ϬϬ
0.00
0.00
ϯϰϬ͕ϬϬϬ͘ϬϬ

ϭϭϱ͕ϲϬϰ͘ϯϰ
ϳϲϰ͕Ϭϱϭ͘ϱϳ
;ϲϵϯ͕Ϯϭϵ͘ϰϱͿ
ϭϴϲ͕ϰϯϲ͘ϰϲ
Ϯϲϲ͕Ϭϵϵ͘ϯϴ
0.00
0.00
ϯϱϳ͕ϲϲϬ͘ϲϰ
381,703.72
764,051.57
(693,219.45)
544,097.10

Ϯ͕ϰϱϰ͘ϭϳ
0.00
ϯ͕ϰϮϮ͘ϵϮ
ϵϲϴ͘ϳϱ
Ϯϴϰ͘ϭϳ
0.00
ϴϭϲ͘ϵϴ
ϱϯϮ͘ϴϭ
ϱϰϲ͘ϲϳ
0.00
ϭ͕ϱϳϭ͘ϲϳ
1,025.00
ϱϵϱ͘ϴϯ
0.00
Ϯ͕ϮϮϬ͘ϴϯ
1,625.00
ϱ͕ϯϴϯ͘ϭϱ
0.00
ϲ͕ϲϭϱ͘ϵϰ
ϭ͕ϮϯϮ͘ϳϴ

0.00
ϴϵϯ͘ϱϲ
0.00
ϴϵϯ͘ϱϲ
0.00
0.00
0.00
0.00
0.00
893.56
0.00
893.56

Prior Accrued
Inc. Received
Ending Accrued
Total Interest

ϴ͘ϵϲ
0.00
ϴ͘ϵϲ
ϵϳϳ͘ϳϭ
ϯ͘ϴϱ
0.00
ϯ͘ϴϱ
ϱϯϲ͘ϲϳ
0.00
;ϭϯ͘ϭϬͿ
;ϭϯ͘ϭϬͿ
1,011.90
0.00
;ϰϰ͘ϱϴͿ
;ϰϰ͘ϱϴͿ
ϭ͕ϱϴϬ͘ϰϮ
0.00
0.00
0.00
ϭ͕ϮϯϮ͘ϳϴ

0.00
0.00
0.00
ϴϵϯ͘ϱϲ
0.00
0.00
0.00
0.00
0.00
0.00
0.00
893.56

Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned

ŚĂŶĚůĞƌƐƐĞƚDĂŶĂŐĞŵĞŶƚͮŝŶĨŽΛĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮǁǁǁ͘ĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮϴϬϬ͘ϯϭϳ͘ϰϳϰϳ

11/13/2025
ϭϭͬϭϳͬϮϬϮϱ
300,000.00

>W,d/Eϯ͘ϴϳϱ
ϭϭͬϭϱͬϮϬϮϴ

ϬϮϬϳϵ<sϵ

džĞĐƵƟŽŶdŝŵĞ͗ϬϳͬϬϵͬϮϬϮϲϬϵ͗ϰϮ͗ϯϭD

11/03/2025
11/06/2025
165,000.00

s//Eϰ͘ϲϱϬϯͬϭϱͬϮϬϮϴ

ϬϬϮϴϳzzϮ

544,097.10

ϯϱϳ͕ϲϲϬ͘ϲϰ

ϭϴϲ͕ϰϯϲ͘ϰϲ

ϬϮͬϭϴͬϮϬϮϱ
02/26/2025
250,000.00

FIXED INCOME

Total Cash & Equivalents

&/Z^dDZ͗'sdK>'z

^ĞĐƵƌŝƚLJĞƐĐƌŝƉƟŽŶ

Trade Date
^ĞƩůĞĂƚĞ
Units

ŽŽŬsĂůƵĞ͗ĞŐŝŶ
ŽŽŬsĂůƵĞ͗ĐƋ
ŽŽŬsĂůƵĞ͗ŝƐƉ
ŽŽŬsĂůƵĞ͗ŶĚ

$WWDFKPHQW
| As of June 30, 2026

ϯϭϴϰϲsϮϬϯ

CASH & EQUIVALENTS

Cusip

BCVWD Consolidated | Account

INCOME EARNED

CONFIDENTIAL | 21

ϭ͕ϮϯϮ͘ϳϴ

ϭ͕ϱϴϬ͘ϰϮ

1,011.90

ϱϯϲ͘ϲϳ

ϵϳϳ͘ϳϭ

893.56

0.00

ϴϵϯ͘ϱϲ

Total Income

ϬϭͬϭϳͬϮϬϮϱ
ϬϭͬϮϰͬϮϬϮϱ
ϰϵϱ͕ϬϬϬ͘ϬϬ
ϬϭͬϭϰͬϮϬϮϲ
01/22/2026
ϭϰϬ͕ϬϬϬ͘ϬϬ
ϬϳͬϭϴͬϮϬϮϰ
ϬϳͬϮϲͬϮϬϮϰ
ϰϱϬ͕ϬϬϬ͘ϬϬ
06/03/2025
06/10/2025
105,000.00

ϮϯϮ͕ϴϮϭ͘Ϭϯ
05/12/2026
05/15/2026
500,000.00
ϬϵͬϬϳͬϮϬϮϯ
09/15/2023
ϰϭϬ͕ϬϬϬ͘ϬϬ

Dt>dϮϬϮϲͲϭϯϰ͘ϭϱ
05/25/2029

E<K&DZ/KZW
ϰ͘ϵϳϵϬϭͬϮϰͬϮϬϮϵ

E<K&EtzKZ<D>>KE
KZWϰ͘ϬϮϲϬϭͬϮϮͬϮϬϯϬ

><ZK</Eϰ͘ϲ
ϬϳͬϮϲͬϮϬϮϳ

Dt>dϮϬϮϱͲϭϯϰ͘ϰϯ
ϬϲͬϮϲͬϮϬϮϴ

DtKdϮϬϮϰͲϯϱ͘ϭϴ
02/26/2029

dZW/>>Z&/EE/>
^Zs/^KZWϰ͘ϯ
05/15/2029

,/dϮϬϮϯͲϭϱ͘ϭϲ
ϬϵͬϭϱͬϮϬϮϴ

Ϭϱϱϵϰzϴ

ϬϲϬϱϭ'D<Ϯ

ϬϲϰϬϲZ'Ϭ

ϬϵϮϵϬ,ϰ

096912AD2

Ϭϵϲϵϭϵϳ

ϭϰϵϭϯsϮϭ

ϭϲϭϱϳϭ,dϰ

ŽŽŬsĂůƵĞ͗ĞŐŝŶ
ŽŽŬsĂůƵĞ͗ĐƋ
ŽŽŬsĂůƵĞ͗ŝƐƉ
ŽŽŬsĂůƵĞ͗ŶĚ
ϭϵϰ͕ϵϵϯ͘ϰϲ
0.00
0.00
ϭϵϰ͕ϵϵϯ͘ϲϰ
ϭϴϵ͕ϵϳϵ͘ϳϱ
0.00
0.00
ϭϴϵ͕ϵϴϬ͘ϯϭ
ϰϵϱ͕ϬϬϬ͘ϬϬ
0.00
0.00
ϰϵϱ͕ϬϬϬ͘ϬϬ
ϭϰϬ͕ϬϬϬ͘ϬϬ
0.00
0.00
ϭϰϬ͕ϬϬϬ͘ϬϬ
ϰϱϬ͕ϭϰϭ͘ϳϮ
0.00
0.00
ϰϱϬ͕ϭϯϬ͘ϴϮ
ϭϬϰ͕ϵϵϴ͘ϰϯ
0.00
0.00
ϭϬϰ͕ϵϵϴ͘ϰϵ
Ϯϱϯ͕ϴϱϴ͘ϲϯ
0.00
;ϮϬ͕Ϯϰϴ͘ϲϰͿ
Ϯϯϯ͕ϱϭϯ͘ϴϳ
ϰϵϵ͕Ϯϳϭ͘ϰϴ
0.00
0.00
ϰϵϵ͕Ϯϵϭ͘ϳϯ
ϰϬϵ͕ϵϰϳ͘ϵϯ
0.00
0.00
ϰϬϵ͕ϵϰϵ͘ϴϬ

Prior Accrued
Inc. Received
Ending Accrued
Total Interest
ϰϮϳ͘Ϯϳ
ϴϬϭ͘ϭϮ
ϰϮϳ͘Ϯϳ
ϴϬϭ͘ϭϮ
ϭϯϭ͘ϰϮ
ϲϱϳ͘Ϭϴ
ϭϯϭ͘ϰϮ
ϲϱϳ͘Ϭϴ
ϴ͕ϲϵϰ͘ϱϴ
0.00
ϭϬ͕ϳϰϴ͘ϰϮ
Ϯ͕Ϭϱϯ͘ϴϰ
Ϯ͕Ϭϭϵ͘ϳϭ
0.00
Ϯ͕ϰϴϵ͘ϰϭ
ϰϲϵ͘ϳϬ
ϳ͕ϭϴϳ͘ϱϬ
0.00
ϴ͕ϵϭϮ͘ϱϬ
ϭ͕ϳϮϱ͘ϬϬ
ϳϳ͘ϱϯ
ϯϴϳ͘ϲϯ
ϳϳ͘ϱϯ
ϯϴϳ͘ϲϯ
Ϯϭϴ͘ϰϴ
ϭ͕ϬϵϮ͘ϰϭ
201.00
ϭ͕Ϭϳϰ͘ϵϯ
955.56
0.00
Ϯ͕ϳϰϳ͘ϮϮ
ϭ͕ϳϵϭ͘ϲϳ
ϵϰϬ͘Ϯϳ
ϭ͕ϳϲϯ͘ϬϬ
ϵϰϬ͘Ϯϳ
ϭ͕ϳϲϯ͘ϬϬ

Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Ϭ͘ϭϴ
0.00
Ϭ͘ϭϴ
ϴϬϭ͘ϯϬ
0.56
0.00
0.56
ϲϱϳ͘ϲϰ
0.00
0.00
0.00
Ϯ͕Ϭϱϯ͘ϴϰ
0.00
0.00
0.00
ϰϲϵ͘ϳϬ
0.00
;ϭϬ͘ϵϬͿ
;ϭϬ͘ϵϬͿ
ϭ͕ϳϭϰ͘ϭϬ
0.06
0.00
0.06
ϯϴϳ͘ϲϵ
1.12
;ϵϳ͘ϮϰͿ
;ϵϲ͘ϭϮͿ
ϵϳϴ͘ϴϭ
20.26
0.00
20.26
ϭ͕ϴϭϭ͘ϵϮ
ϭ͘ϴϳ
0.00
ϭ͘ϴϳ
ϭ͕ϳϲϰ͘ϴϳ

ŚĂŶĚůĞƌƐƐĞƚDĂŶĂŐĞŵĞŶƚͮŝŶĨŽΛĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮǁǁǁ͘ĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮϴϬϬ͘ϯϭϳ͘ϰϳϰϳ

ϬϰͬϭϰͬϮϬϮϲ
ϬϰͬϮϮͬϮϬϮϲ
190,000.00

dϮϬϮϰͲϭϰ͘ϵϯ
05/15/2029

ϬϱϱϮϮZ:ϰ

džĞĐƵƟŽŶdŝŵĞ͗ϬϳͬϬϵͬϮϬϮϲϬϵ͗ϰϮ͗ϯϭD

ϬϲͬϬϲͬϮϬϮϰ
ϬϲͬϭϯͬϮϬϮϰ
195,000.00

^ĞĐƵƌŝƚLJĞƐĐƌŝƉƟŽŶ

Cusip

| As of June 30, 2026
Trade Date
^ĞƩůĞĂƚĞ
Units

BCVWD Consolidated | Account

INCOME EARNED

CONFIDENTIAL | 22

ϭ͕ϳϲϰ͘ϴϳ

ϭ͕ϴϭϭ͘ϵϮ

ϵϳϴ͘ϴϭ

ϯϴϳ͘ϲϵ

ϭ͕ϳϭϰ͘ϭϬ

ϰϲϵ͘ϳϬ

Ϯ͕Ϭϱϯ͘ϴϰ

ϲϱϳ͘ϲϰ

ϴϬϭ͘ϯϬ

Total Income

ϭϭͬϮϴͬϮϬϮϯ
11/29/2023
900,000.00
09/12/2023
ϬϵͬϭϰͬϮϬϮϯ
ϳϱϬ͕ϬϬϬ͘ϬϬ
ϭϮͬϭϴͬϮϬϮϯ
12/19/2023
ϰϳϱ͕ϬϬϬ͘ϬϬ
ϬϰͬϭϬͬϮϬϮϰ
ϬϰͬϭϭͬϮϬϮϰ
ϰϲϱ͕ϬϬϬ͘ϬϬ
06/11/2026
06/12/2026
ϰϳϬ͕ϬϬϬ͘ϬϬ
ϬϯͬϮϱͬϮϬϮϰ
ϬϯͬϮϲͬϮϬϮϰ
ϳϱϬ͕ϬϬϬ͘ϬϬ
02/21/2023
02/23/2023
ϳϱϬ͕ϬϬϬ͘ϬϬ

:K,EZW/d>KZW
ϰ͘ϲϱϬϭͬϬϳͬϮϬϮϴ

&Z>,KD>KEE<^
2.125 12/11/2026

&Z>,KD>KEE<^
ϰ͘ϯϳϱϬϵͬϬϴͬϮϬϮϴ

&Z>,KD>KEE<^
ϰ͘ϲϮϱϭϭͬϭϳͬϮϬϮϲ

&Z>,KD>KEE<^
ϰ͘ϳϱϬϰͬϬϵͬϮϬϮϳ

&Z>,KD>KEE<^
ϰ͘ϭϮϱϬϲͬϬϭͬϮϬϮϴ

FEDERAL FARM CREDIT
E<^&hE/E'KZWϰ͘ϱ
ϬϯͬϮϲͬϮϬϮϳ

FEDERAL FARM CREDIT
E<^&hE/E'KZWϰ͘ϭϮϱ
ϬϴͬϮϯͬϮϬϮϳ

ϮϰϰϮϮyϳ

ϯϭϯϬϵzzϭ

3130AWTR1

ϯϭϯϬyhϲϯ

ϯϭϯϬϬdzϱ

3130BB3J2

ϯϭϯϯWϲ<ϲ

ϯϭϯϯWDϲ

ŽŽŬsĂůƵĞ͗ĞŐŝŶ
ŽŽŬsĂůƵĞ͗ĐƋ
ŽŽŬsĂůƵĞ͗ŝƐƉ
ŽŽŬsĂůƵĞ͗ŶĚ
ϰϱϰ͕ϵϱϬ͘Ϭϲ
0.00
;ϰϱϰ͕ϵϱϯ͘ϳϴͿ
0.00
ϯϯϵ͕ϵϰϱ͘ϰϭ
0.00
0.00
ϯϯϵ͕ϵϰϴ͘Ϯϭ
ϴϴϵ͕ϭϬϵ͘Ϯϲ
0.00
0.00
ϴϵϬ͕ϴϬϮ͘ϭϮ
ϳϰϴ͕Ϯϲϴ͘Ϯϭ
0.00
0.00
ϳϰϴ͕ϯϯϬ͘ϴϭ
ϰϳϱ͕ϴϭϭ͘ϴϬ
0.00
0.00
ϰϳϱ͕ϲϲϳ͘ϳϬ
ϰϲϰ͕ϲϰϵ͘ϱϴ
0.00
0.00
ϰϲϰ͕ϲϴϯ͘Ϯϳ
0.00
ϰϲϵ͕ϲϳϭ͘ϬϬ
0.00
ϰϲϵ͕ϲϳϵ͘ϲϴ
ϳϱϬ͕Ϯϵϱ͘ϵϲ
0.00
0.00
ϳϱϬ͕Ϯϲϲ͘ϭϲ
ϳϰϴ͕ϴϵϬ͘ϵϭ
0.00
0.00
ϳϰϴ͕ϵϲϱ͘ϭϴ

Prior Accrued
Inc. Received
Ending Accrued
Total Interest
ϱ͕ϳϲϯ͘ϯϯ
ϳ͕Ϭϯϳ͘ϯϯ
0.00
ϭ͕Ϯϳϰ͘ϬϬ
ϲ͕ϯϮϰ͘ϬϬ
0.00
ϳ͕ϲϰϭ͘ϱϬ
ϭ͕ϯϭϳ͘ϱϬ
9,031.25
9,562.50
1,062.50
ϭ͕ϱϵϯ͘ϳϱ
ϳ͕ϱϲϱ͘ϭϬ
0.00
ϭϬ͕Ϯϵϵ͘ϰϴ
Ϯ͕ϳϯϰ͘ϯϳ
ϴϱϰ͘ϯϰ
0.00
Ϯ͕ϲϴϱ͘Ϭϳ
ϭ͕ϴϯϬ͘ϳϯ
ϯ͕ϭϵϬ͘ϰϮ
0.00
ϱ͕Ϭϯϭ͘Ϭϰ
ϭ͕ϴϰϬ͘ϲϯ
0.00
0.00
1,023.23
1,023.23
ϲ͕Ϭϵϯ͘ϳϱ
0.00
ϴ͕ϵϬϲ͘Ϯϱ
Ϯ͕ϴϭϮ͘ϱϬ
ϴ͕ϰϮϭ͘ϴϴ
0.00
11,000.00
Ϯ͕ϱϳϴ͘ϭϯ

Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
5.11
;ϭ͘ϯϴͿ
ϯ͘ϳϯ
ϭ͕Ϯϳϳ͘ϳϮ
Ϯ͘ϴϬ
0.00
Ϯ͘ϴϬ
1,320.30
ϭ͕ϲϵϮ͘ϴϲ
0.00
ϭ͕ϲϵϮ͘ϴϲ
ϯ͕Ϯϴϲ͘ϲϭ
62.59
0.00
62.59
Ϯ͕ϳϵϲ͘ϵϳ
0.00
;ϭϰϰ͘ϭϭͿ
;ϭϰϰ͘ϭϭͿ
ϭ͕ϲϴϲ͘ϲϮ
33.69
0.00
33.69
ϭ͕ϴϳϰ͘ϯϮ
ϴ͘ϲϴ
0.00
ϴ͘ϲϴ
1,031.91
0.00
;Ϯϵ͘ϳϵͿ
;Ϯϵ͘ϳϵͿ
Ϯ͕ϳϴϮ͘ϳϭ
ϳϰ͘Ϯϳ
0.00
ϳϰ͘Ϯϳ
2,652.39

ŚĂŶĚůĞƌƐƐĞƚDĂŶĂŐĞŵĞŶƚͮŝŶĨŽΛĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮǁǁǁ͘ĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮϴϬϬ͘ϯϭϳ͘ϰϳϰϳ

01/06/2025
01/09/2025
ϯϰϬ͕ϬϬϬ͘ϬϬ

/^K^z^dD^/Eϰ͘ϴ
ϬϮͬϮϲͬϮϬϮϳ

ϭϳϮϳϱZYϰ

džĞĐƵƟŽŶdŝŵĞ͗ϬϳͬϬϵͬϮϬϮϲϬϵ͗ϰϮ͗ϯϭD

ϬϮͬϮϲͬϮϬϮϰ
0.00

^ĞĐƵƌŝƚLJĞƐĐƌŝƉƟŽŶ

Cusip

| As of June 30, 2026
Trade Date
^ĞƩůĞĂƚĞ
Units

BCVWD Consolidated | Account

INCOME EARNED

CONFIDENTIAL | 23

2,652.39

Ϯ͕ϳϴϮ͘ϳϭ

1,031.91

ϭ͕ϴϳϰ͘ϯϮ

ϭ͕ϲϴϲ͘ϲϮ

Ϯ͕ϳϵϲ͘ϵϳ

ϯ͕Ϯϴϲ͘ϲϭ

1,320.30

ϭ͕Ϯϳϳ͘ϳϮ

Total Income

ϬϴͬϮϴͬϮϬϮϯ
ϬϴͬϮϵͬϮϬϮϯ
325,000.00
ϬϰͬϮϯͬϮϬϮϰ
ϬϰͬϮϲͬϮϬϮϰ
ϱϭϱ͕ϰϳϴ͘ϵϵ
ϬϰͬϭϴͬϮϬϮϰ
ϬϰͬϮϯͬϮϬϮϰ
ϯϰϰ͕ϲϳϯ͘Ϭϯ
ϭϬͬϮϳͬϮϬϮϯ
10/31/2023
600,000.00
ϬϳͬϭϬͬϮϬϮϯ
ϬϳͬϭϯͬϮϬϮϯ
130,000.00
ϭϮͬϭϭͬϮϬϮϰ
ϭϮͬϭϲͬϮϬϮϰ
ϰϱϬ͕ϬϬϬ͘ϬϬ
ϬϰͬϮϯͬϮϬϮϱ
ϬϰͬϮϴͬϮϬϮϱ
ϰϴϲ͕ϬϬϬ͘ϬϬ

FEDERAL FARM CREDIT
E<^&hE/E'KZWϰ͘ϯϳϱ
ϭϮͬϬϳͬϮϬϮϲ

FEDERAL FARM CREDIT
E<^&hE/E'KZWϰ͘ϱ
ϬϴͬϮϴͬϮϬϮϴ

&,D^<ͲϬϲϭϮϯ͘ϯϰϳ
11/25/2026

&,D^<ͲϬϲϲϮϯ͘ϭϭϳ
ϬϲͬϮϱͬϮϬϮϳ

&,D^<ͲϬϲϴϮϯ͘Ϯϰϰ
ϬϴͬϮϱͬϮϬϮϳ

&,D^<ͲϬϳϯϮϯ͘ϯϱ
ϬϭͬϮϱͬϮϬϮϴ

&,D^<ͲϬϳϳϮϯ͘ϴϱ
ϬϱͬϮϱͬϮϬϮϴ

&,D^<ͲϬϵϮϮϯ͘Ϯϵϴ
ϬϰͬϮϱͬϮϬϮϵ

ϯϭϯϯW<ϳϵ

ϯϭϯϯWhEϯ

ϯϭϯϳdhDϭ

ϯϭϯϳ&Ϯ>:ϯ

ϯϭϯϳ&yϯ

ϯϭϯϳ&dEϬ

ϯϭϯϳ&'ϲyϴ

ϯϭϯϳ&>zsϬ

ŽŽŬsĂůƵĞ͗ĞŐŝŶ
ŽŽŬsĂůƵĞ͗ĐƋ
ŽŽŬsĂůƵĞ͗ŝƐƉ
ŽŽŬsĂůƵĞ͗ŶĚ
ϴϬϭ͕ϱϮϱ͘ϱϭ
0.00
0.00
ϴϬϭ͕ϰϱϵ͘ϱϲ
ϰϳϱ͕ϯϰϮ͘Ϭϰ
0.00
0.00
ϰϳϱ͕Ϯϴϳ͘ϳϱ
ϯϮϱ͕ϭϮϵ͘ϳϯ
0.00
0.00
ϯϮϱ͕ϭϮϰ͘ϵϴ
ϱϭϮ͕ϵϰϳ͘ϰϰ
0.00
;ϭ͕ϭϮϳ͘ϭϮͿ
ϱϭϮ͕ϱϰϰ͘ϭϮ
ϯϯϵ͕Ϭϲϲ͘ϴϭ
0.00
;ϱϯϱ͘ϯϮͿ
ϯϯϵ͕Ϭϰϱ͘Ϭϭ
ϱϴϳ͕Ϯϳϱ͘ϯϵ
0.00
0.00
ϱϴϴ͕ϭϳϭ͘ϰϵ
ϭϮϳ͕ϱϰϳ͘ϳϬ
0.00
0.00
ϭϮϳ͕ϲϳϰ͘ϳϲ
ϰϰϱ͕Ϯϵϱ͘ϴϱ
0.00
0.00
ϰϰϱ͕ϰϵϳ͘ϰϲ
ϰϳϯ͕ϭϰϳ͘ϰϮ
0.00
0.00
ϰϳϯ͕ϱϭϵ͘ϵϲ

Prior Accrued
Inc. Received
Ending Accrued
Total Interest
3,100.00
0.00
ϱ͕ϲϴϯ͘ϯϯ
Ϯ͕ϱϴϯ͘ϯϯ
ϭϬ͕Ϭϰϰ͘Ϯϳ
10,390.63
ϭ͕ϯϴϱ͘ϰϮ
ϭ͕ϳϯϭ͘ϳϴ
ϯ͕ϳϳϴ͘ϭϯ
0.00
ϰ͕ϵϵϲ͘ϴϴ
ϭ͕Ϯϭϴ͘ϳϱ
ϭ͕ϰϰϬ͘ϵϬ
ϭ͕ϰϰϬ͘ϵϬ
ϭ͕ϰϯϳ͘ϳϲ
ϭ͕ϰϯϳ͘ϳϲ
ϴϵϲ͘ϲϴ
ϴϵϲ͘ϲϴ
ϴϵϱ͘Ϯϵ
ϴϵϱ͘Ϯϵ
1,622.00
1,622.00
1,622.00
1,622.00
362.92
362.92
362.92
362.92
ϭ͕ϰϰϯ͘ϳϱ
ϭ͕ϰϰϯ͘ϳϱ
ϭ͕ϰϰϯ͘ϳϱ
ϭ͕ϰϰϯ͘ϳϱ
1,335.69
1,335.69
1,335.69
1,335.69

Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
0.00
;ϲϱ͘ϵϰͿ
;ϲϱ͘ϵϰͿ
Ϯ͕ϱϭϳ͘ϯϵ
0.00
;ϱϰ͘ϮϵͿ
;ϱϰ͘ϮϵͿ
ϭ͕ϲϳϳ͘ϰϴ
0.00
;ϰ͘ϳϱͿ
;ϰ͘ϳϱͿ
ϭ͕Ϯϭϰ͘ϬϬ
ϳϮϯ͘ϴϬ
0.00
ϳϮϯ͘ϴϬ
2,161.56
513.53
0.00
513.53
ϭ͕ϰϬϴ͘ϴϭ
ϴϵϲ͘ϭϬ
0.00
ϴϵϲ͘ϭϬ
Ϯ͕ϱϭϴ͘ϭϬ
ϭϮϳ͘Ϭϲ
0.00
ϭϮϳ͘Ϭϲ
ϰϴϵ͘ϵϴ
201.61
0.00
201.61
ϭ͕ϲϰϱ͘ϯϲ
ϯϳϮ͘ϱϰ
0.00
ϯϳϮ͘ϱϰ
ϭ͕ϳϬϴ͘Ϯϯ

ŚĂŶĚůĞƌƐƐĞƚDĂŶĂŐĞŵĞŶƚͮŝŶĨŽΛĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮǁǁǁ͘ĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮϴϬϬ͘ϯϭϳ͘ϰϳϰϳ

ϭϮͬϭϴͬϮϬϮϯ
12/19/2023
ϰϳϱ͕ϬϬϬ͘ϬϬ

FEDERAL FARM CREDIT
E<^&hE/E'KZWϯ͘ϴϳϱ
ϬϰͬϮϱͬϮϬϮϴ

ϯϭϯϯW'tϵ

džĞĐƵƟŽŶdŝŵĞ͗ϬϳͬϬϵͬϮϬϮϲϬϵ͗ϰϮ͗ϯϭD

ϬϰͬϮϰͬϮϬϮϯ
ϬϰͬϮϱͬϮϬϮϯ
ϴϬϬ͕ϬϬϬ͘ϬϬ

^ĞĐƵƌŝƚLJĞƐĐƌŝƉƟŽŶ

Cusip

| As of June 30, 2026
Trade Date
^ĞƩůĞĂƚĞ
Units

BCVWD Consolidated | Account

INCOME EARNED

KE&/Ed/>ͮϮϰ

ϭ͕ϳϬϴ͘Ϯϯ

ϭ͕ϲϰϱ͘ϯϲ

ϰϴϵ͘ϵϴ

Ϯ͕ϱϭϴ͘ϭϬ

ϭ͕ϰϬϴ͘ϴϭ

2,161.56

ϭ͕Ϯϭϰ͘ϬϬ

ϭ͕ϲϳϳ͘ϰϴ

Ϯ͕ϱϭϳ͘ϯϵ

Total Income

ϬϵͬϮϰͬϮϬϮϰ
ϬϵͬϮϳͬϮϬϮϰ
ϰϱϬ͕ϬϬϬ͘ϬϬ
05/23/2023
05/25/2023
ϰϱϬ͕ϬϬϬ͘ϬϬ
ϭϭͬϭϵͬϮϬϮϰ
ϭϭͬϮϮͬϮϬϮϰ
235,000.00
ϬϱͬϬϳͬϮϬϮϰ
ϬϱͬϭϲͬϮϬϮϰ
ϭϳ͕ϰϬϲ͘Ϭϳ
02/03/2026
02/12/2026
230,000.00
05/20/2025
05/29/2025
ϭϴϱ͕ϬϬϬ͘ϬϬ
ϬϴͬϬϱͬϮϬϮϱ
ϬϴͬϭϯͬϮϬϮϱ
ϭϴϬ͕ϬϬϬ͘ϬϬ

&,D^<ͲϳϯϳϮϮ͘ϱϮϱ
10/25/2026

&,D^<ͲϳϰϴϮϮ͘Ϯϲ
01/25/2029

&>KZ/WKtZΘ>/',dK
ϰ͘ϰϬϱͬϭϱͬϮϬϮϴ

&KZKϮϬϮϰͲϯϰ͘ϲϭ
ϬϴͬϭϱͬϮϬϮϵ

'D>dϮϬϮϰͲϮϯϱ͘ϯϵ
ϬϳͬϮϬͬϮϬϮϳ

'D>dϮϬϮϲͲϭϯϯ͘ϴϴ
01/22/2029

'D>dϮϬϮϱͲϮϯϰ͘ϱϴ
ϬϱͬϮϮͬϮϬϮϴ

'D>dϮϬϮϱͲϯϯϰ͘ϭϳ
ϬϴͬϮϭͬϮϬϮϴ

ϯϭϯϳ&Yy:ϳ

ϯϭϯϳ,ϱzϱ

ϯϰϭϬϴϭ'Eϭ

ϯϰϱϯϱsϲ

36269WAD1

ϯϲϮϳϯsϳ

ϯϲϮϵϲϮϰ

ϯϳϵϵϲϱϴ

ŽŽŬsĂůƵĞ͗ĞŐŝŶ
ŽŽŬsĂůƵĞ͗ĐƋ
ŽŽŬsĂůƵĞ͗ŝƐƉ
ŽŽŬsĂůƵĞ͗ŶĚ
Ϯϴϲ͕ϵϬϱ͘ϰϬ
0.00
0.00
Ϯϴϳ͕Ϯϲϯ͘ϴϯ
Ϯϰϰ͕ϵϴϳ͘Ϯϱ
0.00
;ϰϭ͕ϭϬϵ͘ϯϱͿ
ϮϬϰ͕ϱϭϭ͘ϭϭ
ϰϯϯ͕ϱϱϵ͘ϯϳ
0.00
0.00
ϰϯϰ͕Ϭϴϭ͘ϯϬ
ϰϰϴ͕ϰϵϲ͘ϵϱ
0.00
0.00
ϰϰϴ͕ϱϲϬ͘ϭϬ
Ϯϯϰ͕ϵϵϰ͘ϴϵ
0.00
0.00
Ϯϯϰ͕ϵϵϱ͘ϬϮ
ϯϰ͕ϰϵϵ͘ϵϰ
0.00
;ϭϳ͕Ϭϵϰ͘ϱϵͿ
ϭϳ͕ϰϬϱ͘ϳϯ
ϮϮϵ͕ϵϳϮ͘ϵϰ
0.00
0.00
ϮϮϵ͕ϵϳϯ͘ϳϴ
ϭϴϰ͕ϵϵϳ͘ϵϳ
0.00
0.00
ϭϴϰ͕ϵϵϴ͘Ϭϱ
ϭϳϵ͕ϵϳϵ͘ϴϴ
0.00
0.00
ϭϳϵ͕ϵϴϬ͘ϲϮ

Prior Accrued
Inc. Received
Ending Accrued
Total Interest
696.25
696.25
696.25
696.25
ϱϭϵ͘Ϭϴ
ϱϭϵ͘Ϭϴ
ϰϯϮ͘ϱϴ
ϰϯϮ͘ϱϴ
ϴϰϳ͘ϱϬ
ϴϰϳ͘ϱϬ
ϴϰϳ͘ϱϬ
ϴϰϳ͘ϱϬ
ϴϴϬ͘ϬϬ
0.00
2,530.00
1,650.00
ϰϴϭ͘ϰϵ
ϵϬϮ͘ϳϵ
ϰϴϭ͘ϰϵ
ϵϬϮ͘ϳϵ
ϱϲ͘ϴϮ
ϭϱϰ͘ϵϳ
Ϯϴ͘ϲϳ
ϭϮϲ͘ϴϮ
ϮϳϮ͘ϲϴ
ϳϰϯ͘ϲϳ
ϮϳϮ͘ϲϴ
ϳϰϯ͘ϲϳ
Ϯϱϴ͘ϵϬ
ϳϬϲ͘Ϭϴ
Ϯϱϴ͘ϵϬ
ϳϬϲ͘Ϭϴ
229.35
625.50
229.35
625.50

Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
ϯϱϴ͘ϰϯ
0.00
ϯϱϴ͘ϰϯ
ϭ͕Ϭϱϰ͘ϲϴ
633.21
0.00
633.21
ϭ͕Ϭϲϱ͘ϳϵ
521.92
0.00
521.92
ϭ͕ϯϲϵ͘ϰϮ
63.15
0.00
63.15
ϭ͕ϳϭϯ͘ϭϱ
0.13
0.00
0.13
902.92
Ϭ͘ϯϴ
0.00
Ϭ͘ϯϴ
ϭϮϳ͘ϮϬ
Ϭ͘ϴϰ
0.00
Ϭ͘ϴϰ
ϳϰϰ͘ϱϭ
Ϭ͘Ϭϴ
0.00
Ϭ͘Ϭϴ
ϳϬϲ͘ϭϲ
Ϭ͘ϳϰ
0.00
Ϭ͘ϳϰ
ϲϮϲ͘Ϯϰ

ŚĂŶĚůĞƌƐƐĞƚDĂŶĂŐĞŵĞŶƚͮŝŶĨŽΛĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮǁǁǁ͘ĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮϴϬϬ͘ϯϭϳ͘ϰϳϰϳ

12/12/2023
12/15/2023
ϮϬϱ͕ϱϴϮ͘Ϭϲ

&,D^<ͲϬϵϱϮϮ͘ϳϴϱ
06/25/2029

ϯϭϯϳ&EϬ

džĞĐƵƟŽŶdŝŵĞ͗ϬϳͬϬϵͬϮϬϮϲϬϵ͗ϰϮ͗ϯϭD

03/13/2025
ϬϯͬϭϴͬϮϬϮϱ
300,000.00

^ĞĐƵƌŝƚLJĞƐĐƌŝƉƟŽŶ

Cusip

| As of June 30, 2026
Trade Date
^ĞƩůĞĂƚĞ
Units

BCVWD Consolidated | Account

INCOME EARNED

CONFIDENTIAL | 25

ϲϮϲ͘Ϯϰ

ϳϬϲ͘ϭϲ

ϳϰϰ͘ϱϭ

ϭϮϳ͘ϮϬ

902.92

ϭ͕ϳϭϯ͘ϭϱ

ϭ͕ϯϲϵ͘ϰϮ

ϭ͕Ϭϲϱ͘ϳϵ

ϭ͕Ϭϱϰ͘ϲϴ

Total Income

ϬϮͬϭϯͬϮϬϮϰ
ϬϮͬϮϭͬϮϬϮϰ
ϭϰϯ͕ϯϭϳ͘ϵϯ
ϬϰͬϮϵͬϮϬϮϱ
ϬϱͬϬϴͬϮϬϮϱ
125,000.00
ϬϱͬϭϰͬϮϬϮϰ
ϬϱͬϮϭͬϮϬϮϰ
ϲϱ͕ϭϲϳ͘ϯϴ
02/16/2023
ϬϮͬϮϰͬϮϬϮϯ
0.00
ϬϯͬϭϭͬϮϬϮϰ
ϬϯͬϮϬͬϮϬϮϰ
99,323.61
02/10/2026
ϬϮͬϭϴͬϮϬϮϲ
ϮϳϬ͕ϬϬϬ͘ϬϬ
06/03/2025
06/11/2025
155,000.00

,KDWKd/Eϯ͘ϳϱ
ϬϵͬϭϱͬϮϬϮϴ

,ZKdϮϬϮϰͲϭϯϱ͘Ϯϭ
ϬϴͬϭϱͬϮϬϮϴ

,ZKdϮϱϮϯϰ͘ϭϱ
10/15/2029

,ZKdϮϬϮϰͲϮϯϱ͘Ϯϳ
ϭϭͬϮϬͬϮϬϮϴ

,ZKdϮϬϮϯͲϭϯϱ͘Ϭϰ
ϬϰͬϮϭͬϮϬϮϳ

,ZdϮϬϮϰͲϯϰ͘ϵϵ
02/15/2029

,ZdϮϬϮϲͲϯϯ͘ϳϵ
ϬϮͬϭϴͬϮϬϯϭ

,ZdϮϬϮϱͲϯϰ͘ϯϲ
ϭϮͬϭϳͬϮϬϮϵ

ϰϯϳϬϳϲ,Ϯ

ϰϯϳϵϭϴϵ

ϰϯϳϵϮϭϭ

ϰϯϳϵϯϬϰ

ϰϯϴϭϱ:ϳ

ϰϰϴϵϳϯϵ

ϰϰϴϵϴϭϮ

ϰϰϵϯϱyϳ

ŽŽŬsĂůƵĞ͗ĞŐŝŶ
ŽŽŬsĂůƵĞ͗ĐƋ
ŽŽŬsĂůƵĞ͗ŝƐƉ
ŽŽŬsĂůƵĞ͗ŶĚ
ϰϬϬ͕ϭϭϰ͘ϳϬ
0.00
0.00
ϰϬϬ͕ϭϭϬ͘ϳϲ
Ϯϱϰ͕ϴϳϯ͘ϰϮ
0.00
0.00
Ϯϱϰ͕ϴϳϳ͘ϵϲ
ϭϱϳ͕ϭϰϮ͘Ϭϭ
0.00
;ϭϯ͕ϴϮϳ͘ϰϰͿ
ϭϰϯ͕ϯϭϰ͘ϵϴ
ϭϮϰ͕ϵϴϵ͘ϯϵ
0.00
0.00
ϭϮϰ͕ϵϴϵ͘ϲϱ
ϳϬ͕ϲϵϮ͘Ϯϰ
0.00
;ϱ͕ϱϮϵ͘ϱϵͿ
ϲϱ͕ϭϲϯ͘ϭϳ
ϳϳϲ͘ϰϯ
0.00
;ϳϳϲ͘ϰϲͿ
0.00
ϭϬϳ͕ϴϯϳ͘ϯϵ
0.00
;ϴ͕ϱϮϲ͘ϵϮͿ
ϵϵ͕ϯϭϭ͘ϴϴ
Ϯϲϵ͕ϵϴϮ͘ϴϭ
0.00
0.00
Ϯϲϵ͕ϵϴϯ͘ϭϭ
ϭϱϰ͕ϵϴϵ͘Ϭϭ
0.00
0.00
ϭϱϰ͕ϵϴϵ͘Ϯϳ

Prior Accrued
Inc. Received
Ending Accrued
Total Interest
ϭ͕ϴϰϱ͘ϳϴ
0.00
3,230.11
ϭ͕ϯϴϰ͘ϯϯ
Ϯ͕Ϭϭϴ͘ϳϱ
0.00
Ϯ͕ϴϭϱ͘ϲϯ
ϳϵϲ͘ϴϴ
ϯϲϯ͘ϴϴ
ϲϴϮ͘Ϯϳ
ϯϯϭ͘ϴϲ
650.25
230.56
ϰϯϮ͘Ϯϵ
230.56
ϰϯϮ͘Ϯϵ
ϭϯϰ͘ϱϰ
ϯϭϬ͘ϰϴ
ϭϮϰ͘ϬϮ
299.96
1.09
3.26
0.00
Ϯ͘ϭϳ
239.19
ϰϰϴ͘ϰϴ
ϮϮϬ͘Ϯϴ
ϰϮϵ͘ϱϳ
ϰϱϰ͘ϴϬ
ϴϱϮ͘ϳϱ
ϰϱϰ͘ϴϬ
ϴϱϮ͘ϳϱ
300.36
ϱϲϯ͘ϭϳ
300.36
ϱϲϯ͘ϭϳ

Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
0.00
;ϯ͘ϵϰͿ
;ϯ͘ϵϰͿ
ϭ͕ϯϴϬ͘ϯϵ
ϰ͘ϱϰ
0.00
ϰ͘ϱϰ
ϴϬϭ͘ϰϭ
Ϭ͘ϰϭ
0.00
Ϭ͘ϰϭ
650.66
0.26
0.00
0.26
ϰϯϮ͘ϱϱ
0.51
0.00
0.51
ϯϬϬ͘ϰϳ
0.03
0.00
0.03
2.20
ϭ͘ϰϬ
0.00
ϭ͘ϰϬ
ϰϯϬ͘ϵϳ
0.30
0.00
0.30
ϴϱϯ͘Ϭϱ
0.25
0.00
0.25
ϱϲϯ͘ϰϮ

ŚĂŶĚůĞƌƐƐĞƚDĂŶĂŐĞŵĞŶƚͮŝŶĨŽΛĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮǁǁǁ͘ĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮϴϬϬ͘ϯϭϳ͘ϰϳϰϳ

ϬϵͬϬϴͬϮϬϮϱ
09/15/2025
255,000.00

'K>DE^,^'ZKhW
/Eϰ͘ϭϱϯϭϬͬϮϭͬϮϬϮϵ

ϯϴϭϰϭ'Ϯϳ

džĞĐƵƟŽŶdŝŵĞ͗ϬϳͬϬϵͬϮϬϮϲϬϵ͗ϰϮ͗ϯϭD

10/15/2025
10/21/2025
ϰϬϬ͕ϬϬϬ͘ϬϬ

^ĞĐƵƌŝƚLJĞƐĐƌŝƉƟŽŶ

Cusip

| As of June 30, 2026
Trade Date
^ĞƩůĞĂƚĞ
Units

BCVWD Consolidated | Account

INCOME EARNED

CONFIDENTIAL | 26

ϱϲϯ͘ϰϮ

ϴϱϯ͘Ϭϱ

ϰϯϬ͘ϵϳ

2.20

ϯϬϬ͘ϰϳ

ϰϯϮ͘ϱϱ

650.66

ϴϬϭ͘ϰϭ

ϭ͕ϯϴϬ͘ϯϵ

Total Income

ϬϵͬϭϴͬϮϬϮϱ
09/19/2025
ϰϬϬ͕ϬϬϬ͘ϬϬ
01/16/2025
ϬϭͬϮϰͬϮϬϮϱ
230,000.00
ϬϲͬϭϭͬϮϬϮϰ
ϬϲͬϭϴͬϮϬϮϰ
ϴϬ͕ϲϵϮ͘ϱϲ
03/10/2026
ϬϯͬϭϴͬϮϬϮϲ
ϭϰϬ͕ϬϬϬ͘ϬϬ
10/12/2022
10/19/2022
0.00
ϬϯͬϬϰͬϮϬϮϱ
03/11/2025
195,000.00
ϬϯͬϭϭͬϮϬϮϰ
ϬϯͬϭϵͬϮϬϮϰ
62,952.90

INTERNATIONAL FINANCE
KZWϰ͘ϱϬϳͬϭϯͬϮϬϮϴ

:WDKZ'E,^ΘK
ϰ͘ϱϲϱϬϲͬϭϰͬϮϬϯϬ

:WDKZ'E,^ΘK
ϰ͘ϵϭϱϬϭͬϮϰͬϮϬϮϵ

:KdϮϬϮϰͲϯϱ͘Ϯ
03/15/2029

:KdϮϬϮϲϯϯ͘ϴϳ
ϬϴͬϭϱͬϮϬϯϬ

:KdϮϬϮϮͲϯϱ͘Ϭϵ
ϬϲͬϭϱͬϮϬϮϳ

:KdϮϬϮϱϯϰ͘Ϯϯ
ϬϵͬϭϳͬϮϬϮϵ

:KdϮϬϮϰϯϰ͘ϵϲ
ϭϭͬϭϱͬϮϬϮϴ

ϰϱϵϱϬ<ϵ

ϰϲϲϰϳW&Ϭ

ϰϲϲϰϳWhϲ

ϰϳϳϴϲtϮ

ϰϳϳϴϳϯ

ϰϳϴϬϬϮ

ϰϳϴϬϬϲ

ϰϳϴϬϬZϱ

ŽŽŬsĂůƵĞ͗ĞŐŝŶ
ŽŽŬsĂůƵĞ͗ĐƋ
ŽŽŬsĂůƵĞ͗ŝƐƉ
ŽŽŬsĂůƵĞ͗ŶĚ
Ϯϰϰ͕ϯϯϱ͘ϭϱ
0.00
0.00
Ϯϰϰ͕ϯϰϵ͘ϱϮ
ϯϯϵ͕ϴϰϬ͘ϯϮ
0.00
0.00
ϯϯϵ͕ϴϰϲ͘ϱϮ
ϰϬϰ͕ϲϬϴ͘ϯϳ
0.00
0.00
ϰϬϰ͕ϰϴϯ͘ϳϬ
230,000.00
0.00
0.00
230,000.00
ϴϰ͕ϰϮϳ͘ϯϵ
0.00
;ϯ͕ϳϰϰ͘ϱϰͿ
ϴϬ͕ϲϴϯ͘ϱϲ
ϭϯϵ͕ϵϳϲ͘ϯϰ
0.00
0.00
ϭϯϵ͕ϵϳϲ͘ϴϭ
ϱ͕ϴϵϮ͘ϯϱ
0.00
;ϱ͕ϴϵϮ͘ϰϱͿ
0.00
ϭϵϰ͕ϵϵϭ͘Ϭϱ
0.00
0.00
ϭϵϰ͕ϵϵϭ͘Ϯϳ
ϲϲ͕ϰϮϳ͘Ϭϲ
0.00
;ϯ͕ϰϳϲ͘ϭϮͿ
62,951.10

Prior Accrued
Inc. Received
Ending Accrued
Total Interest
ϭ͕ϵϵϯ͘ϭϴ
0.00
Ϯ͕ϴϯϱ͘ϯϲ
ϴϰϮ͘ϭϵ
ϱ͕ϴϲϱ͘ϬϬ
0.00
ϳ͕ϭϰϬ͘ϬϬ
ϭ͕Ϯϳϱ͘ϬϬ
ϴ͕ϰϳϬ͘ϲϭ
9,130.00
ϴϲϮ͘Ϯϴ
ϭ͕ϱϮϭ͘ϲϳ
ϯ͕ϵϴϳ͘ϵϴ
0.00
ϰ͕ϵϯϬ͘ϬϮ
ϵϰϮ͘Ϭϰ
ϭϵϱ͘ϭϰ
ϯϲϱ͘ϴϵ
ϭϴϲ͘ϰϵ
ϯϱϳ͘Ϯϰ
ϮϰϬ͘ϴϬ
ϰϱϭ͘ϱϬ
ϮϰϬ͘ϴϬ
ϰϱϭ͘ϱϬ
13.33
Ϯϰ͘ϵϵ
0.00
11.66
366.60
ϲϴϳ͘ϯϴ
366.60
ϲϴϳ͘ϯϴ
ϭϰϲ͘ϰϰ
Ϯϳϰ͘ϱϳ
ϭϯϴ͘ϳϴ
266.91

Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
ϭϰ͘ϯϳ
0.00
ϭϰ͘ϯϳ
ϴϱϲ͘ϱϲ
6.20
0.00
6.20
ϭ͕Ϯϴϭ͘ϮϬ
0.00
;ϭϮϰ͘ϲϲͿ
;ϭϮϰ͘ϲϲͿ
ϭ͕ϯϵϳ͘ϬϬ
0.00
0.00
0.00
ϵϰϮ͘Ϭϰ
Ϭ͘ϳϬ
0.00
Ϭ͘ϳϬ
ϯϱϳ͘ϵϰ
Ϭ͘ϰϲ
0.00
Ϭ͘ϰϲ
ϰϱϭ͘ϵϲ
0.10
0.00
0.10
ϭϭ͘ϳϲ
0.22
0.00
0.22
ϲϴϳ͘ϲϬ
0.16
0.00
0.16
Ϯϲϳ͘Ϭϳ

ŚĂŶĚůĞƌƐƐĞƚDĂŶĂŐĞŵĞŶƚͮŝŶĨŽΛĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮǁǁǁ͘ĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮϴϬϬ͘ϯϭϳ͘ϰϳϰϳ

ϬϳͬϬϲͬϮϬϮϯ
ϬϳͬϭϯͬϮϬϮϯ
ϯϰϬ͕ϬϬϬ͘ϬϬ

/EdZEd/KE>E<&KZ
RECONSTRUCTION AND
s>KWDϰ͘ϭϮϱϬϯͬϮϬͬϮϬϯϬ

ϰϱϵϬϱϴ>ZϮ

džĞĐƵƟŽŶdŝŵĞ͗ϬϳͬϬϵͬϮϬϮϲϬϵ͗ϰϮ͗ϯϭD

ϬϯͬϭϰͬϮϬϮϱ
03/20/2025
Ϯϰϱ͕ϬϬϬ͘ϬϬ

^ĞĐƵƌŝƚLJĞƐĐƌŝƉƟŽŶ

Cusip

| As of June 30, 2026
Trade Date
^ĞƩůĞĂƚĞ
Units

BCVWD Consolidated | Account

INCOME EARNED

KE&/Ed/>ͮϮϳ

Ϯϲϳ͘Ϭϳ

ϲϴϳ͘ϲϬ

ϭϭ͘ϳϲ

ϰϱϭ͘ϵϲ

ϯϱϳ͘ϵϰ

ϵϰϮ͘Ϭϰ

ϭ͕ϯϵϳ͘ϬϬ

ϭ͕Ϯϴϭ͘ϮϬ

ϴϱϲ͘ϱϲ

Total Income

01/13/2026
01/21/2026
115,000.00
ϬϱͬϬϴͬϮϬϮϯ
ϬϱͬϭϳͬϮϬϮϯ
110,000.00
03/16/2026
ϬϯͬϭϳͬϮϬϮϲ
ϰϳϱ͕ϬϬϬ͘ϬϬ
ϬϳͬϭϳͬϮϬϮϰ
ϬϳͬϭϵͬϮϬϮϰ
ϰϱϬ͕ϬϬϬ͘ϬϬ

ϰϱϬ͕ϬϬϬ͘ϬϬ
06/15/2026
ϬϲͬϭϴͬϮϬϮϲ
265,000.00

DZdϮϬϮϯͲϭϯϰ͘ϱϭ
ϭϭͬϭϱͬϮϬϮϳ

D>dϮϬϮϲͲϯϯ͘ϵϯ
01/15/2030

DZ<ΘK/Eϰ͘Ϭϱ
ϬϱͬϭϳͬϮϬϮϴ

DŝnjƵŚŽĂŶŬ͕>ƚĚ͕͘EĞǁzŽƌŬ
ƌĂŶĐŚϬϴͬϮϲͬϮϬϮϲ

DKZ'E^dE>zE<E
ϰ͘ϵϲϴϬϳͬϭϰͬϮϬϮϴ

EKZd,ZEdZh^dKZWϰ͘Ϭ
ϬϱͬϭϬͬϮϬϮϳ

Es//KZWϰ͘ϯϱ
06/15/2029

Es//KZWϰ͘ϱϬϲͬϭϱͬϮϬϯϭ

ϱϴϳϳϬϳ

ϱϴϳϳϬzϯ

ϱϴϵϯϯz,ϳ

ϲϬϳϭϬt,^ϲ

ϲϭϲϵϬhϴϯ

ϲϲϱϴϱϵtϰ

ϲϳϬϲϲ'Yϳ

ϲϳϬϲϲ'Zϱ

džĞĐƵƟŽŶdŝŵĞ͗ϬϳͬϬϵͬϮϬϮϲϬϵ͗ϰϮ͗ϯϭD

ϬϭͬϭϴͬϮϬϮϯ
01/25/2023
ϳ͕ϳϴϲ͘ϭϳ

>/>/>>zEKϰ͘Ϯ
ϬϴͬϭϰͬϮϬϮϵ

ϱϯϮϰϱϳYϵ

ŽŽŬsĂůƵĞ͗ĞŐŝŶ
ŽŽŬsĂůƵĞ͗ĐƋ
ŽŽŬsĂůƵĞ͗ŝƐƉ
ŽŽŬsĂůƵĞ͗ŶĚ
ϰϳϰ͕ϳϬϭ͘ϳϯ
0.00
0.00
ϰϳϰ͕ϳϬϵ͘ϯϴ
ϭϭ͕Ϭϯϳ͘ϰϭ
0.00
;ϯ͕Ϯϱϭ͘ϲϱͿ
ϳ͕ϳϴϱ͘ϵϬ
ϭϭϰ͕ϵϳϵ͘Ϯϱ
0.00
0.00
ϭϭϰ͕ϵϳϵ͘ϳϮ
ϭϬϵ͕ϵϲϱ͘Ϭϴ
0.00
0.00
ϭϬϵ͕ϵϲϲ͘ϱϰ
ϰϳϬ͕ϲϱϰ͘ϬϮ
0.00
0.00
ϰϳϮ͕ϭϳϬ͘Ϭϲ
ϰϱϬ͕ϬϬϬ͘ϬϬ
0.00
0.00
ϰϱϬ͕ϬϬϬ͘ϬϬ
ϰϱϬ͕Ϭϰϲ͘ϯϵ
0.00
0.00
ϰϱϬ͕Ϭϰϭ͘ϲϭ
0.00
Ϯϲϰ͕ϴϳϱ͘ϰϱ
0.00
Ϯϲϰ͕ϴϳϲ͘ϵϯ
0.00
Ϯϰϵ͕ϯϵϮ͘ϱϬ
0.00
Ϯϰϵ͕ϯϵϱ͘ϱϭ

Prior Accrued
Inc. Received
Ending Accrued
Total Interest
ϱ͕ϵϮϵ͘ϱϴ
0.00
ϳ͕ϱϵϮ͘Ϭϴ
1,662.50
22.12
ϰϭ͘ϰϴ
15.61
ϯϰ͘ϵϲ
ϮϬϬ͘ϴϳ
ϯϳϲ͘ϲϯ
ϮϬϬ͘ϴϳ
ϯϳϲ͘ϲϯ
ϭϳϯ͘Ϯϱ
0.00
ϱϰϰ͘ϱϬ
ϯϳϭ͘Ϯϱ
0.00
0.00
0.00
0.00
ϴ͕ϱϬϳ͘ϳϬ
0.00
ϭϬ͕ϯϳϬ͘ϳϬ
ϭ͕ϴϲϯ͘ϬϬ
1,050.00
0.00
2,550.00
1,500.00
0.00
0.00
ϰϭϲ͘Ϯϳ
ϰϭϲ͘Ϯϳ
0.00
;ϭϮϱ͘ϬϬͿ
ϰϬϲ͘Ϯϱ
Ϯϴϭ͘Ϯϱ

Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
ϳ͘ϲϱ
0.00
ϳ͘ϲϱ
ϭ͕ϲϳϬ͘ϭϱ
0.13
0.00
0.13
35.10
Ϭ͘ϰϳ
0.00
Ϭ͘ϰϳ
ϯϳϳ͘ϭϬ
ϭ͘ϰϲ
0.00
ϭ͘ϰϲ
ϯϳϮ͘ϳϭ
ϭ͕ϱϭϲ͘Ϭϰ
0.00
ϭ͕ϱϭϲ͘Ϭϰ
ϭ͕ϱϭϲ͘Ϭϰ
0.00
0.00
0.00
ϭ͕ϴϲϯ͘ϬϬ
ϯ͘ϰϲ
;ϴ͘ϮϰͿ
;ϰ͘ϳϴͿ
ϭ͕ϰϵϱ͘ϮϮ
ϭ͘ϰϴ
0.00
ϭ͘ϰϴ
ϰϭϳ͘ϳϱ
3.01
0.00
3.01
Ϯϴϰ͘Ϯϲ

ŚĂŶĚůĞƌƐƐĞƚDĂŶĂŐĞŵĞŶƚͮŝŶĨŽΛĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮǁǁǁ͘ĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮϴϬϬ͘ϯϭϳ͘ϰϳϰϳ

ϬϲͬϭϴͬϮϬϮϲ
06/22/2026
250,000.00

ϬϴͬϭϮͬϮϬϮϰ
ϬϴͬϭϰͬϮϬϮϰ
ϰϳϱ͕ϬϬϬ͘ϬϬ

^ĞĐƵƌŝƚLJĞƐĐƌŝƉƟŽŶ

Cusip

| As of June 30, 2026
Trade Date
^ĞƩůĞĂƚĞ
Units

BCVWD Consolidated | Account

INCOME EARNED

KE&/Ed/>ͮϮϴ

Ϯϴϰ͘Ϯϲ

ϰϭϳ͘ϳϱ

ϭ͕ϰϵϱ͘ϮϮ

ϭ͕ϴϲϯ͘ϬϬ

ϭ͕ϱϭϲ͘Ϭϰ

ϯϳϮ͘ϳϭ

ϯϳϳ͘ϭϬ

35.10

ϭ͕ϲϳϬ͘ϭϱ

Total Income

ϬϵͬϬϰͬϮϬϮϱ
09/05/2025
300,000.00
09/25/2025
10/06/2025
ϰϴϱ͕ϬϬϬ͘ϬϬ
03/12/2026
03/13/2026
Ϯϳϱ͕ϬϬϬ͘ϬϬ
ϬϯͬϭϯͬϮϬϮϰ
ϬϯͬϭϴͬϮϬϮϰ
ϰϰϬ͕ϬϬϬ͘ϬϬ

ϰϱϬ͕ϬϬϬ͘ϬϬ
01/06/2025
01/09/2025
ϯϰϬ͕ϬϬϬ͘ϬϬ
ϭϬͬϭϬͬϮϬϮϰ
ϭϬͬϭϳͬϮϬϮϰ
119,015.33

WW^/K/Eϰ͘ϱϬϳͬϭϳͬϮϬϮϵ

Wh>/^dKZ'KWZd/E'
Kϰ͘ϯϳϱϬϳͬϬϭͬϮϬϯϬ

Z>dz/EKDKZWϯ͘ϵϱ
02/01/2029

^>^&KZ/Eϰ͘ϱ
ϬϯͬϭϱͬϮϬϮϴ

^dd^dZdKZWϰ͘ϵϵϯ
ϬϯͬϭϴͬϮϬϮϳ

dZ'dKZWϰ͘ϯϱ
ϬϲͬϭϱͬϮϬϮϴ

dKzKdDKdKZZ/d
KZWϰ͘ϵϱϬϭͬϬϵͬϮϬϯϬ

dKdϮϬϮϰͲϯϰ͘ϰ
06/15/2029

ϳϭϯϰϰϴ&yϭ

ϳϰϰϲϰϱ

ϳϱϲϭϬϵtϮ

ϳϵϰϲϲ>Yϳ

ϴϱϳϰϳϳ>ϱ

ϴϳϲϭϮhϵ

ϴϵϮϯϲdEϵ

ϴϵϮϯϵdϰ

ŽŽŬsĂůƵĞ͗ĞŐŝŶ
ŽŽŬsĂůƵĞ͗ĐƋ
ŽŽŬsĂůƵĞ͗ŝƐƉ
ŽŽŬsĂůƵĞ͗ŶĚ
ϯϲϵ͕ϴϰϬ͘ϴϲ
0.00
0.00
ϯϲϵ͕ϴϰϲ͘ϴϯ
Ϯϵϵ͕ϴϬϴ͘ϲϮ
0.00
0.00
Ϯϵϵ͕ϴϭϯ͘ϲϱ
ϯϬϮ͕Ϭϲϰ͘ϴϮ
0.00
0.00
ϯϬϮ͕ϬϮϮ͘ϰϮ
ϰϴϮ͕ϳϬϳ͘Ϯϴ
0.00
0.00
ϰϴϮ͕ϳϳϳ͘ϳϲ
Ϯϳϱ͕ϱϵϮ͘ϯϲ
0.00
0.00
Ϯϳϱ͕ϱϲϯ͘ϴϴ
ϰϰϬ͕ϬϬϬ͘ϬϬ
0.00
0.00
ϰϰϬ͕ϬϬϬ͘ϬϬ
ϰϱϬ͕ϱϬϴ͘ϳϵ
0.00
0.00
ϰϱϬ͕ϰϴϳ͘ϰϭ
ϯϯϵ͕ϰϳϰ͘ϴϮ
0.00
0.00
ϯϯϵ͕ϰϴϲ͘ϳϴ
ϭϮϰ͕ϵϵϱ͘ϰϲ
0.00
;ϱ͕ϵϴϰ͘ϲϳͿ
119,011.12

Prior Accrued
Inc. Received
Ending Accrued
Total Interest
ϰ͕ϲϰϱ͘ϱϲ
0.00
ϱ͕ϴϳϴ͘ϴϵ
1,233.33
5,025.00
0.00
6,150.00
1,125.00
ϱ͕ϰϲϴ͘ϳϱ
0.00
6,562.50
ϭ͕Ϭϵϯ͘ϳϱ
ϲ͕ϯϴϱ͘ϴϯ
0.00
ϳ͕ϵϴϮ͘Ϯϵ
ϭ͕ϱϵϲ͘ϰϲ
Ϯ͕ϲϴϭ͘Ϯϱ
0.00
ϯ͕ϳϭϮ͘ϱϬ
1,031.25
ϰ͕ϰϱϰ͘ϴϳ
0.00
ϲ͕Ϯϴϱ͘ϲϯ
ϭ͕ϴϯϬ͘ϳϳ
9,026.25
ϵ͕ϳϴϳ͘ϱϬ
ϴϳϬ͘ϬϬ
1,631.25
ϲ͕ϲϯϴ͘ϱϬ
0.00
ϴ͕Ϭϰϭ͘ϬϬ
ϭ͕ϰϬϮ͘ϱϬ
Ϯϰϰ͘ϰϰ
ϰϱϴ͘ϯϯ
ϮϯϮ͘ϳϰ
ϰϰϲ͘ϲϯ

Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
ϱ͘ϵϴ
0.00
ϱ͘ϵϴ
1,239.31
5.03
0.00
5.03
1,130.03
0.00
;ϰϮ͘ϰϬͿ
;ϰϮ͘ϰϬͿ
1,051.35
ϳϬ͘ϰϳ
0.00
ϳϬ͘ϰϳ
1,666.93
0.00
;Ϯϴ͘ϰϴͿ
;Ϯϴ͘ϰϴͿ
ϭ͕ϬϬϮ͘ϳϳ
0.00
0.00
0.00
ϭ͕ϴϯϬ͘ϳϳ
Ϭ͘Ϭϰ
;Ϯϭ͘ϰϮͿ
;Ϯϭ͘ϯϴͿ
ϭ͕ϲϬϵ͘ϴϳ
11.95
0.00
11.95
ϭ͕ϰϭϰ͘ϰϱ
0.33
0.00
0.33
ϰϰϲ͘ϵϲ

ŚĂŶĚůĞƌƐƐĞƚDĂŶĂŐĞŵĞŶƚͮŝŶĨŽΛĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮǁǁǁ͘ĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮϴϬϬ͘ϯϭϳ͘ϰϳϰϳ

ϬϳͬϭϲͬϮϬϮϰ
ϬϳͬϭϳͬϮϬϮϰ
300,000.00

WZ&/EE/>KZWϰ͘Ϭ
ϬϴͬϬϴͬϮϬϮϴ

ϲϵϯϳϭZdϵϳ

džĞĐƵƟŽŶdŝŵĞ͗ϬϳͬϬϵͬϮϬϮϲϬϵ͗ϰϮ͗ϯϭD

ϬϴͬϬϰͬϮϬϮϱ
ϬϴͬϬϴͬϮϬϮϱ
ϯϳϬ͕ϬϬϬ͘ϬϬ

^ĞĐƵƌŝƚLJĞƐĐƌŝƉƟŽŶ

Cusip

| As of June 30, 2026
Trade Date
^ĞƩůĞĂƚĞ
Units

BCVWD Consolidated | Account

INCOME EARNED

CONFIDENTIAL | 29

ϰϰϲ͘ϵϲ

ϭ͕ϰϭϰ͘ϰϱ

ϭ͕ϲϬϵ͘ϴϳ

ϭ͕ϴϯϬ͘ϳϳ

ϭ͕ϬϬϮ͘ϳϳ

1,666.93

1,051.35

1,130.03

1,239.31

Total Income

05/12/2025
05/15/2025
355,000.00
03/25/2026
03/26/2026
0.00
ϬϭͬϮϴͬϮϬϮϲ
01/29/2026
ϳϱϬ͕ϬϬϬ͘ϬϬ
09/15/2023
ϬϵͬϭϴͬϮϬϮϯ
1,000,000.00
06/15/2023
06/16/2023
ϴϬϬ͕ϬϬϬ͘ϬϬ

ϰϳϱ͕ϬϬϬ͘ϬϬ
ϬϮͬϮϮͬϮϬϮϰ
ϬϮͬϮϯͬϮϬϮϰ
ϳϱϬ͕ϬϬϬ͘ϬϬ

dKdϮϬϮϲͲϯϯ͘ϴϲ
09/15/2030

h^E<Eϰ͘ϳϯϬϱͬϭϱͬϮϬϮϴ

hE/d^dd^dZ^hZz
ϬϳͬϮϭͬϮϬϮϲ

hE/d^dd^dZ^hZz
3.25 06/30/2029

hE/d^dd^dZ^hZz
ϰ͘ϭϮϱϭϬͬϯϭͬϮϬϮϳ

hE/d^dd^dZ^hZz
ϯ͘ϲϮϱϬϯͬϯϭͬϮϬϮϴ

hE/d^dd^dZ^hZzϯ͘ϱ
ϬϰͬϯϬͬϮϬϮϴ

hE/d^dd^dZ^hZzϰ͘Ϭ
ϬϲͬϯϬͬϮϬϮϴ

ϴϵϮϰϬ<Ϭ

ϵϬϯϯϭ,W^ϲ

ϵϭϮϳϵϳhYϴ

ϵϭϮϴϮsϵ

ϵϭϮϴϮ&hϬ

ϵϭϮϴϮ'dϮ

ϵϭϮϴϮ,Ϯ

ϵϭϮϴϮ,<Ϭ

ŽŽŬsĂůƵĞ͗ĞŐŝŶ
ŽŽŬsĂůƵĞ͗ĐƋ
ŽŽŬsĂůƵĞ͗ŝƐƉ
ŽŽŬsĂůƵĞ͗ŶĚ
239,993.21
0.00
0.00
239,993.39
ϭϲϵ͕ϵϴϲ͘ϲϰ
0.00
0.00
ϭϲϵ͕ϵϴϲ͘ϴϵ
355,000.00
0.00
0.00
355,000.00
ϰϵϳ͕ϰϳϳ͘ϰϯ
0.00
;ϰϵϴ͕ϬϯϮ͘ϰϬͿ
0.00
ϳϰϬ͕ϮϮϴ͘ϱϭ
0.00
0.00
ϳϰϬ͕ϰϴϵ͘Ϭϴ
ϵϵϰ͕ϰϱϰ͘ϯϱ
0.00
0.00
ϵϵϰ͕ϳϳϲ͘ϭϰ
ϳϵϱ͕ϱϯϮ͘Ϭϰ
0.00
0.00
ϳϵϱ͕ϳϯϮ͘ϯϵ
ϰϳϮ͕ϳϰϳ͘ϯϮ
0.00
0.00
ϰϳϮ͕ϴϰϰ͘ϬϬ
ϳϰϰ͕ϴϮϵ͘ϰϰ
0.00
0.00
ϳϰϱ͕Ϭϯϯ͘ϱϰ

Prior Accrued
Inc. Received
Ending Accrued
Total Interest
ϰϵϰ͘ϵϯ
ϵϮϴ͘ϬϬ
ϰϵϰ͘ϵϯ
ϵϮϴ͘ϬϬ
Ϯϵϭ͘ϲϰ
ϱϰϲ͘ϴϯ
Ϯϵϭ͘ϲϰ
ϱϰϲ͘ϴϯ
ϳϰϲ͘Ϯϵ
0.00
Ϯ͕ϭϰϱ͘ϱϴ
1,399.29
0.00
0.00
0.00
0.00
ϭϬ͕Ϯϯϰ͘ϴϭ
ϭϮ͕ϭϴϳ͘ϱϬ
ϲϲ͘Ϯϰ
Ϯ͕Ϭϭϴ͘ϵϯ
ϯ͕ϱϴϲ͘ϵϲ
0.00
ϲ͕ϵϰϵ͘ϳϯ
ϯ͕ϯϲϮ͘ϳϳ
ϰ͕ϵϭϮ͘ϱϳ
0.00
ϳ͕Ϯϴϵ͘ϲϮ
Ϯ͕ϯϳϳ͘Ϭϱ
ϭ͕ϰϰϱ͘ϲϱ
0.00
Ϯ͕ϴϬϬ͘ϵϱ
1,355.30
12,596.69
15,000.00
ϴϭ͘ϱϮ
Ϯ͕ϰϴϰ͘ϴϰ

Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Ϭ͘ϭϳ
0.00
Ϭ͘ϭϳ
ϵϮϴ͘ϭϳ
0.26
0.00
0.26
ϱϰϳ͘Ϭϵ
0.00
0.00
0.00
1,399.29
ϱϱϰ͘ϵϳ
0.00
ϱϱϰ͘ϵϳ
ϱϱϰ͘ϵϳ
ϮϲϬ͘ϱϳ
0.00
ϮϲϬ͘ϱϳ
Ϯ͕Ϯϳϵ͘ϱϬ
ϯϮϭ͘ϴϬ
0.00
ϯϮϭ͘ϴϬ
ϯ͕ϲϴϰ͘ϱϳ
200.36
0.00
200.36
Ϯ͕ϱϳϳ͘ϰϭ
ϵϲ͘ϲϴ
0.00
ϵϲ͘ϲϴ
ϭ͕ϰϱϭ͘ϵϴ
ϮϬϰ͘ϭϬ
0.00
ϮϬϰ͘ϭϬ
Ϯ͕ϲϴϴ͘ϵϰ

ŚĂŶĚůĞƌƐƐĞƚDĂŶĂŐĞŵĞŶƚͮŝŶĨŽΛĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮǁǁǁ͘ĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮϴϬϬ͘ϯϭϳ͘ϰϳϰϳ

01/13/2026
01/21/2026
ϭϳϬ͕ϬϬϬ͘ϬϬ

dKdϮϬϮϱͲϯϰ͘ϲϰ
ϬϴͬϭϱͬϮϬϮϵ

ϴϵϮϰϬ:ϯ

džĞĐƵƟŽŶdŝŵĞ͗ϬϳͬϬϵͬϮϬϮϲϬϵ͗ϰϮ͗ϯϭD

01/22/2025
01/29/2025
ϮϰϬ͕ϬϬϬ͘ϬϬ

^ĞĐƵƌŝƚLJĞƐĐƌŝƉƟŽŶ

Cusip

| As of June 30, 2026
Trade Date
^ĞƩůĞĂƚĞ
Units

BCVWD Consolidated | Account

INCOME EARNED

CONFIDENTIAL | 30

Ϯ͕ϲϴϴ͘ϵϰ

ϭ͕ϰϱϭ͘ϵϴ

Ϯ͕ϱϳϳ͘ϰϭ

ϯ͕ϲϴϰ͘ϱϳ

Ϯ͕Ϯϳϵ͘ϱϬ

ϱϱϰ͘ϵϳ

1,399.29

ϱϰϳ͘Ϭϵ

ϵϮϴ͘ϭϳ

Total Income

ϬϱͬϮϮͬϮϬϮϰ
ϬϱͬϮϯͬϮϬϮϰ
ϳϮϱ͕ϬϬϬ͘ϬϬ

ϳϬϬ͕ϬϬϬ͘ϬϬ
ϬϱͬϮϴͬϮϬϮϱ
05/29/2025
ϴϬϬ͕ϬϬϬ͘ϬϬ
ϬϵͬϮϱͬϮϬϮϰ
ϬϵͬϮϲͬϮϬϮϰ
ϰϱϬ͕ϬϬϬ͘ϬϬ
ϭϬͬϮϱͬϮϬϮϰ
ϭϬͬϮϴͬϮϬϮϰ
ϳϱϬ͕ϬϬϬ͘ϬϬ
ϭϮͬϯϬͬϮϬϮϰ
ϭϮͬϯϭͬϮϬϮϰ
500,000.00
ϭϮͬϯϬͬϮϬϮϰ
ϭϮͬϯϭͬϮϬϮϰ
500,000.00

hE/d^dd^dZ^hZz
ϰ͘ϮϱϬϮͬϮϴͬϮϬϮϵ

hE/d^dd^dZ^hZz
ϰ͘ϲϮϱϬϰͬϯϬͬϮϬϮϵ

hE/d^dd^dZ^hZzϰ͘ϱ
05/31/2029

hE/d^dd^dZ^hZz
ϰ͘ϯϳϱϬϳͬϭϱͬϮϬϮϳ

hE/d^dd^dZ^hZz
ϯ͘ϲϮϱϬϴͬϯϭͬϮϬϮϵ

hE/d^dd^dZ^hZzϯ͘ϱ
09/30/2029

hE/d^dd^dZ^hZz
ϰ͘ϭϮϱϭϬͬϯϭͬϮϬϮϵ

hE/d^dd^dZ^hZz
ϰ͘ϯϳϱϭϮͬϯϭͬϮϬϮϵ

ϵϭϮϴϮ<Ϯ

ϵϭϮϴϮ<Wϱ

ϵϭϮϴϮ<dϳ

ϵϭϮϴϮ<ϯ

ϵϭϮϴϮ><ϱ

ϵϭϮϴϮ>Eϵ

ϵϭϮϴϮ>ZϬ

ϵϭϮϴϮDϬ

ŽŽŬsĂůƵĞ͗ĞŐŝŶ
ŽŽŬsĂůƵĞ͗ĐƋ
ŽŽŬsĂůƵĞ͗ŝƐƉ
ŽŽŬsĂůƵĞ͗ŶĚ
ϲϰϲ͕ϵϰϭ͘ϯϱ
0.00
0.00
ϲϰϳ͕Ϭϯϴ͘ϱϱ
ϱϵϴ͕ϲϮϭ͘ϴϲ
0.00
0.00
ϱϵϴ͕ϲϲϯ͘Ϭϴ
ϳϮϴ͕ϮϬϴ͘ϴϮ
0.00
0.00
ϳϮϴ͕ϭϭϴ͘ϯϰ
ϳϬϳ͕ϰϰϭ͘ϵϱ
0.00
0.00
ϳϬϳ͕Ϯϯϴ͘Ϭϲ
ϴϬϯ͕Ϯϱϳ͘ϬϬ
0.00
0.00
ϴϬϯ͕Ϭϭϴ͘ϭϬ
ϰϱϭ͕ϰϵϱ͘ϯϰ
0.00
0.00
ϰϱϭ͕ϰϱϳ͘ϱϱ
ϳϯϴ͕ϮϴϬ͘ϰϵ
0.00
0.00
ϳϯϴ͕ϱϲϵ͘ϯϴ
ϰϵϲ͕ϭϯϯ͘ϭϰ
0.00
0.00
ϰϵϲ͕ϮϮϲ͘ϭϬ
ϰϵϵ͕ϵϴϲ͘ϬϬ
0.00
0.00
ϰϵϵ͕ϵϴϲ͘ϯϮ

Prior Accrued
Inc. Received
Ending Accrued
Total Interest
ϭϬ͕Ϯϯϰ͘ϴϭ
ϭϮ͕ϭϴϳ͘ϱϬ
ϲϲ͘Ϯϰ
Ϯ͕Ϭϭϴ͘ϵϯ
ϲ͕ϰϰϰ͘Ϯϵ
0.00
ϴ͕ϱϮϯ͘ϭϬ
Ϯ͕Ϭϳϴ͘ϴϬ
Ϯ͕ϵϭϱ͘ϳϲ
0.00
ϱ͕ϲϰϵ͘Ϯϵ
Ϯ͕ϳϯϯ͘ϱϯ
ϴϲ͘Ϭϳ
ϭϱ͕ϳϱϬ͘ϬϬ
Ϯ͕ϲϲϴ͘Ϭϯ
ϭϴ͕ϯϯϭ͘ϵϳ
ϭϯ͕Ϯϰϱ͘ϴϲ
0.00
ϭϲ͕ϭϰϲ͘ϰϭ
2,900.55
ϰ͕ϭϮϮ͘ϰϱ
0.00
ϱ͕ϰϱϮ͘Ϯϴ
ϭ͕ϯϮϵ͘ϴϮ
ϰ͕ϰϰϲ͘ϳϮ
0.00
ϲ͕ϱϵϴ͘ϯϲ
Ϯ͕ϭϱϭ͘ϲϰ
ϭ͕ϳϵϯ͘ϰϴ
0.00
ϯ͕ϰϳϰ͘ϴϲ
ϭ͕ϲϴϭ͘ϯϵ
ϵ͕ϭϴϱ͘Ϭϴ
ϭϬ͕ϵϯϳ͘ϱϬ
ϱϵ͘ϰϰ
ϭ͕ϴϭϭ͘ϴϲ

Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
ϵϳ͘ϮϬ
0.00
ϵϳ͘ϮϬ
2,116.13
ϭϭϰ͘ϳϰ
;ϳϯ͘ϱϮͿ
ϰϭ͘ϮϮ
2,120.03
0.00
;ϵϬ͘ϰϳͿ
;ϵϬ͘ϰϳͿ
Ϯ͕ϲϰϯ͘Ϭϱ
0.00
;ϮϬϯ͘ϴϵͿ
;ϮϬϯ͘ϴϵͿ
ϭϴ͕ϭϮϴ͘Ϭϴ
0.00
;Ϯϯϴ͘ϵϬͿ
;Ϯϯϴ͘ϵϬͿ
2,661.65
0.00
;ϯϳ͘ϳϵͿ
;ϯϳ͘ϳϵͿ
1,292.03
Ϯϴϴ͘ϵϬ
0.00
Ϯϴϴ͘ϵϬ
Ϯ͕ϰϰϬ͘ϱϯ
92.95
0.00
92.95
ϭ͕ϳϳϰ͘ϯϰ
0.32
0.00
0.32
ϭ͕ϴϭϮ͘ϭϴ

ŚĂŶĚůĞƌƐƐĞƚDĂŶĂŐĞŵĞŶƚͮŝŶĨŽΛĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮǁǁǁ͘ĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮϴϬϬ͘ϯϭϳ͘ϰϳϰϳ

600,000.00

hE/d^dd^dZ^hZz
ϯ͘ϳϱϭϮͬϯϭͬϮϬϮϴ

ϵϭϮϴϮ:Zϯ

džĞĐƵƟŽŶdŝŵĞ͗ϬϳͬϬϵͬϮϬϮϲϬϵ͗ϰϮ͗ϯϭD

06/16/2025
ϬϲͬϭϳͬϮϬϮϱ
650,000.00

^ĞĐƵƌŝƚLJĞƐĐƌŝƉƟŽŶ

Cusip

| As of June 30, 2026
Trade Date
^ĞƩůĞĂƚĞ
Units

BCVWD Consolidated | Account

INCOME EARNED

CONFIDENTIAL | 31

ϭ͕ϴϭϮ͘ϭϴ

ϭ͕ϳϳϰ͘ϯϰ

Ϯ͕ϰϰϬ͘ϱϯ

1,292.03

2,661.65

ϭϴ͕ϭϮϴ͘Ϭϴ

Ϯ͕ϲϰϯ͘Ϭϱ

2,120.03

2,116.13

Total Income

ϬϴͬϮϳͬϮϬϮϱ
ϬϴͬϮϴͬϮϬϮϱ
ϳϱϬ͕ϬϬϬ͘ϬϬ
12/10/2025
12/11/2025
500,000.00
02/26/2026
ϬϮͬϮϳͬϮϬϮϲ
ϳϱϬ͕ϬϬϬ͘ϬϬ
12/10/2025
12/11/2025
500,000.00
02/26/2026
ϬϮͬϮϳͬϮϬϮϲ
ϳϱϬ͕ϬϬϬ͘ϬϬ
ϬϰͬϮϵͬϮϬϮϲ
ϬϰͬϯϬͬϮϬϮϲ
500,000.00
05/26/2026
ϬϱͬϮϳͬϮϬϮϲ
250,000.00

hE/d^dd^dZ^hZz
ϰ͘ϭϮϱϬϮͬϮϴͬϮϬϮϳ

hE/d^dd^dZ^hZz
ϯ͘ϳϱϬϰͬϯϬͬϮϬϮϳ

hE/d^dd^dZ^hZzϰ͘Ϭ
05/31/2030

hE/d^dd^dZ^hZzϯ͘ϱ
ϬϵͬϯϬͬϮϬϮϳ

hE/d^dd^dZ^hZz
3.625 10/31/2030

hE/d^dd^dZ^hZz
ϯ͘ϯϳϱϭϮͬϯϭͬϮϬϮϳ

hE/d^dd^dZ^hZzϯ͘ϱ
03/15/2029

hE/d^dd^dZ^hZz
ϯ͘ϴϳϱϬϯͬϯϭͬϮϬϯϭ

ϵϭϮϴϮDWϯ

ϵϭϮϴϮDzϰ

ϵϭϮϴϮE'Ϯ

ϵϭϮϴϮWϭ

ϵϭϮϴϮWϳ

ϵϭϮϴϮW^ϰ

ϵϭϮϴϮYϰ

ϵϭϮϴϮY'ϵ

ŽŽŬsĂůƵĞ͗ĞŐŝŶ
ŽŽŬsĂůƵĞ͗ĐƋ
ŽŽŬsĂůƵĞ͗ŝƐƉ
ŽŽŬsĂůƵĞ͗ŶĚ
ϱϬϮ͕ϳϱϱ͘ϭϮ
0.00
0.00
ϱϬϮ͕ϲϭϱ͘ϳϰ
ϭ͕ϬϬϬ͕ϱϵϳ͘ϲϲ
0.00
0.00
ϭ͕ϬϬϬ͕ϱϯϭ͘ϳϰ
ϳϱϬ͕Ϯϱϱ͘ϴϵ
0.00
0.00
ϳϱϬ͕ϮϯϮ͘ϴϰ
ϱϬϰ͕ϳϴϳ͘ϱϱ
0.00
0.00
ϱϬϰ͕ϲϴϵ͘ϭϳ
ϳϱϬ͕ϭϮϮ͘ϳϰ
0.00
0.00
ϳϱϬ͕ϭϭϱ͘ϭϲ
ϰϵϳ͕ϭϰϬ͘ϴϮ
0.00
0.00
ϰϵϳ͕ϭϵϰ͘ϬϬ
ϳϰϴ͕ϵϭϲ͘ϰϱ
0.00
0.00
ϳϰϴ͕ϵϳϮ͘ϲϵ
ϰϵϰ͕ϳϭϲ͘ϴϱ
0.00
0.00
ϰϵϰ͕ϴϳϮ͘ϱϰ
Ϯϰϲ͕ϰϭϲ͘ϰϭ
0.00
0.00
Ϯϰϲ͕ϰϳϳ͘ϯϱ

Prior Accrued
Inc. Received
Ending Accrued
Total Interest
ϴ͕ϬϰϮ͘ϭϯ
0.00
ϵ͕ϴϬϯ͘ϭϴ
ϭ͕ϳϲϭ͘Ϭϱ
ϭϬ͕ϰϮϰ͘ϱϵ
0.00
ϭϯ͕ϳϴϳ͘ϯϲ
ϯ͕ϯϲϮ͘ϳϳ
Ϯ͕ϰϰϱ͘ϲϱ
0.00
ϰ͕ϳϯϴ͘ϰϱ
Ϯ͕ϮϵϮ͘ϴϬ
ϱϰ͘ϲϰ
10,000.00
1,693.99
ϭϭ͕ϲϯϵ͘ϯϰ
ϰ͕ϰϰϲ͘ϳϮ
0.00
ϲ͕ϱϵϴ͘ϯϲ
Ϯ͕ϭϱϭ͘ϲϰ
ϭ͕ϱϳϲ͘Ϭϵ
0.00
ϯ͕Ϭϱϯ͘ϲϳ
ϭ͕ϰϳϳ͘ϱϴ
ϭϬ͕ϲϮϴ͘ϰϱ
12,656.25
ϲϴ͘ϳϴ
Ϯ͕Ϭϵϲ͘ϱϴ
ϯ͕ϳϬϵ͘Ϯϰ
0.00
ϱ͕ϭϯϱ͘ϴϳ
ϭ͕ϰϮϲ͘ϲϯ
ϭ͕ϲϰϭ͘Ϭϱ
0.00
Ϯ͕ϰϯϱ͘ϭϭ
ϳϵϰ͘Ϭϲ

Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
0.00
;ϭϯϵ͘ϯϴͿ
;ϭϯϵ͘ϯϴͿ
ϭ͕ϲϮϭ͘ϲϳ
0.00
;ϲϱ͘ϵϮͿ
;ϲϱ͘ϵϮͿ
ϯ͕Ϯϵϲ͘ϴϱ
0.00
;Ϯϯ͘ϬϱͿ
;Ϯϯ͘ϬϱͿ
Ϯ͕Ϯϲϵ͘ϳϱ
0.00
;ϵϴ͘ϯϳͿ
;ϵϴ͘ϯϳͿ
ϭϭ͕ϱϰϬ͘ϵϳ
0.00
;ϳ͘ϱϴͿ
;ϳ͘ϱϴͿ
Ϯ͕ϭϰϰ͘Ϭϲ
ϱϯ͘ϭϴ
0.00
ϱϯ͘ϭϴ
ϭ͕ϱϯϬ͘ϳϲ
ϱϲ͘Ϯϰ
0.00
ϱϲ͘Ϯϰ
Ϯ͕ϭϱϮ͘ϴϮ
155.69
0.00
155.69
ϭ͕ϱϴϮ͘ϯϮ
60.95
0.00
60.95
ϴϱϱ͘ϬϬ

ŚĂŶĚůĞƌƐƐĞƚDĂŶĂŐĞŵĞŶƚͮŝŶĨŽΛĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮǁǁǁ͘ĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮϴϬϬ͘ϯϭϳ͘ϰϳϰϳ

ϬϱͬϮϴͬϮϬϮϱ
05/29/2025
1,000,000.00

hE/d^dd^dZ^hZz
ϰ͘ϮϱϬϭͬϭϱͬϮϬϮϴ

ϵϭϮϴϮD&ϱ

džĞĐƵƟŽŶdŝŵĞ͗ϬϳͬϬϵͬϮϬϮϲϬϵ͗ϰϮ͗ϯϭD

03/25/2026
03/26/2026
500,000.00

^ĞĐƵƌŝƚLJĞƐĐƌŝƉƟŽŶ

Cusip

| As of June 30, 2026
Trade Date
^ĞƩůĞĂƚĞ
Units

BCVWD Consolidated | Account

INCOME EARNED

CONFIDENTIAL | 32

ϴϱϱ͘ϬϬ

ϭ͕ϱϴϮ͘ϯϮ

Ϯ͕ϭϱϮ͘ϴϮ

ϭ͕ϱϯϬ͘ϳϲ

Ϯ͕ϭϰϰ͘Ϭϲ

ϭϭ͕ϱϰϬ͘ϵϳ

Ϯ͕Ϯϲϵ͘ϳϱ

ϯ͕Ϯϵϲ͘ϴϱ

ϭ͕ϲϮϭ͘ϲϳ

Total Income

ϬϵͬϬϰͬϮϬϮϱ
09/05/2025
360,000.00
ϬϰͬϮϭͬϮϬϮϲ
ϬϰͬϮϳͬϮϬϮϲ
295,000.00
ϬϰͬϮϰͬϮϬϮϱ
ϬϰͬϮϴͬϮϬϮϱ
500,000.00
01/15/2026
01/23/2026
ϮϳϬ͕ϬϬϬ͘ϬϬ

s/^/Eϯ͘ϴϬϮͬϭϮͬϮϬϮϵ

t&/dϮϬϮϱͲϭϰ͘ϯϰ
05/15/2030

t&/dϮϬϮϲͲϭϰ͘Ϭϴ
ϬϰͬϭϲͬϮϬϮϵ

t>DZd/Eϰ͘ϭ
ϬϰͬϮϴͬϮϬϮϳ

t>>^&Z'KΘKϰ͘ϭϴϮ
01/23/2030

ϵϮϴϮϲzϴ

ϵϮϵϳϬY:ϰ

ϵϮϵϳϬY<ϭ

ϵϯϭϭϰϮ&>Ϯ

ϵϱϬϬϬhϰϮ

džĞĐƵƟŽŶdŝŵĞ͗ϬϳͬϬϵͬϮϬϮϲϬϵ͗ϰϮ͗ϯϭD

90LAIF$00

LAIF

ϯϳ͕ϱϯϳ͕ϰϰϵ͘ϰϮ

ϯϳ͕ϱϯϳ͕ϰϰϵ͘ϰϮ
0.00
0.00
ϯϳ͕ϱϯϳ͕ϰϰϵ͘ϰϮ

ŽŽŬsĂůƵĞ͗ĞŐŝŶ
ŽŽŬsĂůƵĞ͗ĐƋ
ŽŽŬsĂůƵĞ͗ŝƐƉ
ŽŽŬsĂůƵĞ͗ŶĚ
0.00
ϰϵϴ͕Ϯϲϭ͘ϳϮ
0.00
ϰϵϴ͕ϮϳϬ͘ϯϵ
ϭϭϱ͕ϬϭϬ͘Ϭϴ
0.00
0.00
115,009.11
ϯϮϰ͕ϲϲϯ͘ϰϮ
0.00
0.00
ϯϮϰ͕ϲϳϯ͘ϲϱ
ϯϲϯ͕ϯϭϵ͘ϲϰ
0.00
0.00
ϯϲϯ͕ϭϴϬ͘ϭϱ
Ϯϵϰ͕ϵϱϵ͘ϵϭ
0.00
0.00
Ϯϵϰ͕ϵϲϭ͘Ϭϲ
ϱϬϬ͕ϰϮϲ͘ϮϮ
0.00
0.00
ϱϬϬ͕ϯϴϳ͘ϱϵ
ϮϳϬ͕ϬϬϬ͘ϬϬ
0.00
0.00
ϮϳϬ͕ϬϬϬ͘ϬϬ
41,995,443.71
1,482,200.67
(1,084,111.03)
42,402,247.12

0.00
0.00
0.00
0.00

Prior Accrued
Inc. Received
Ending Accrued
Total Interest
0.00
;ϭ͕Ϯϯϵ͘ϳϱͿ
ϭ͕ϳϰϲ͘ϵϯ
ϱϬϳ͘ϭϴ
ϭϴϵ͘ϭϭ
0.00
ϱϰϯ͘ϲϵ
ϯϱϰ͘ϱϴ
ϯ͕ϳϯϵ͘ϯϭ
0.00
ϰ͕ϳϲϴ͘ϰϳ
ϭ͕ϬϮϵ͘ϭϳ
ϲϵϰ͘ϰϬ
1,302.00
ϲϵϰ͘ϰϬ
1,302.00
ϱϯϰ͘ϵϯ
1,003.00
ϱϯϰ͘ϵϯ
1,003.00
ϭ͕ϴϳϵ͘ϭϳ
0.00
ϯ͕ϱϴϳ͘ϱϬ
ϭ͕ϳϬϴ͘ϯϯ
ϰ͕Ϭϭϰ͘ϳϮ
0.00
ϰ͕ϵϱϱ͘ϲϳ
ϵϰϬ͘ϵϱ
333,553.00
160,014.28
339,037.21
165,498.49

0.00
0.00
0.00
0.00

Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
ϴ͘ϲϳ
0.00
ϴ͘ϲϳ
ϱϭϱ͘ϴϱ
0.19
;ϭ͘ϭϲͿ
;Ϭ͘ϵϳͿ
353.61
10.23
0.00
10.23
ϭ͕Ϭϯϵ͘ϰϬ
0.00
;ϭϯϵ͘ϰϴͿ
;ϭϯϵ͘ϰϴͿ
1,162.52
1.15
0.00
1.15
ϭ͕ϬϬϰ͘ϭϱ
0.00
;ϯϴ͘ϲϯͿ
;ϯϴ͘ϲϯͿ
ϭ͕ϲϲϵ͘ϳϬ
0.00
0.00
0.00
ϵϰϬ͘ϵϱ
10,567.15
(1,853.38)
8,713.77
174,212.26

ŚĂŶĚůĞƌƐƐĞƚDĂŶĂŐĞŵĞŶƚͮŝŶĨŽΛĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮǁǁǁ͘ĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮϴϬϬ͘ϯϭϳ͘ϰϳϰϳ

>ŽĐĂůŐĞŶĐLJ/ŶǀĞƐƚŵĞŶƚ
&ƵŶĚ^ƚĂƚĞWŽŽů

02/03/2026
02/12/2026
325,000.00

hE/d,>d,'ZKhW/E
ϯ͘ϳϬϱͬϭϱͬϮϬϮϳ

ϵϭϯϮϰW'ϯ

42,515,217.04

ϬϱͬϭϳͬϮϬϮϮ
05/20/2022
115,000.00

hE/d^dd^dZ^hZz
ϰ͘ϭϮϱϬϱͬϯϭͬϮϬϯϭ

ϵϭϮϴϮYhϴ

Total Fixed Income

ϬϲͬϭϴͬϮϬϮϲ
06/22/2026
500,000.00

^ĞĐƵƌŝƚLJĞƐĐƌŝƉƟŽŶ

Cusip

| As of June 30, 2026
Trade Date
^ĞƩůĞĂƚĞ
Units

BCVWD Consolidated | Account

INCOME EARNED

CONFIDENTIAL | 33

0.00

174,212.26

ϵϰϬ͘ϵϱ

ϭ͕ϲϲϵ͘ϳϬ

ϭ͕ϬϬϰ͘ϭϱ

1,162.52

ϭ͕Ϭϯϵ͘ϰϬ

353.61

ϱϭϱ͘ϴϱ

Total Income

CalTrust MMF

0.00
Ϯϯ͕ϰϭϵ͘ϲϭ
0.00
Ϯϯ͕ϰϭϵ͘ϲϭ
0.00
23,419.61
0.00
23,419.61
333,553.00
184,327.45
339,037.21
189,811.66

87,515,124.10
2,269,671.85
(1,777,330.48)
88,107,740.50

Prior Accrued
Inc. Received
Ending Accrued
Total Interest
0.00
0.00
0.00
0.00

ϳ͕ϲϬϬ͕ϱϮϳ͘Ϯϱ
Ϯϯ͕ϰϭϵ͘ϲϭ
0.00
ϳ͕ϲϮϯ͕ϵϰϲ͘ϴϲ
7,600,527.25
23,419.61
0.00
7,623,946.86

ŽŽŬsĂůƵĞ͗ĞŐŝŶ
ŽŽŬsĂůƵĞ͗ĐƋ
ŽŽŬsĂůƵĞ͗ŝƐƉ
ŽŽŬsĂůƵĞ͗ŶĚ
37,537,449.42
0.00
0.00
37,537,449.42

10,567.15
(1,853.38)
8,713.77
198,525.43

0.00
0.00
0.00
Ϯϯ͕ϰϭϵ͘ϲϭ
0.00
0.00
0.00
23,419.61

Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
0.00
0.00
0.00
0.00

ŚĂŶĚůĞƌƐƐĞƚDĂŶĂŐĞŵĞŶƚͮŝŶĨŽΛĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮǁǁǁ͘ĐŚĂŶĚůĞƌĂƐƐĞƚ͘ĐŽŵͮϴϬϬ͘ϯϭϳ͘ϰϳϰϳ

88,220,710.42

7,623,946.86

ϳ͕ϲϮϯ͕ϵϰϲ͘ϴϲ

37,537,449.42

Trade Date
^ĞƩůĞĂƚĞ
Units

| As of June 30, 2026

^ĞĐƵƌŝƚLJĞƐĐƌŝƉƟŽŶ

džĞĐƵƟŽŶdŝŵĞ͗ϬϳͬϬϵͬϮϬϮϲϬϵ͗ϰϮ͗ϯϭD

TOTAL PORTFOLIO

Total Local Gov Investment
Pool

09CATR$01

LOCAL GOV INVESTMENT
POOL

Total LAIF

Cusip

BCVWD Consolidated | Account

INCOME EARNED

KE&/Ed/>ͮϯϰ

198,525.43

23,419.61

Ϯϯ͕ϰϭϵ͘ϲϭ

0.00

Total Income

,WHPF

Accounts Payable
Checks by Date - Detail by Check Date
User:
Printed:

wclayton
7/30/2026 12:52 PM

Check No

Vendor No
Invoice No
10031

Vendor Name
Description
Staples Business Advantage

6066654526
6066654528

Office Supplies - Main Office
Office Supplies - Main Office

ACH

Check Date
Reference
06/25/2026

19.49
327.71

Total for this ACH Check for Vendor 10031:

ACH

347.20

10138

ARCO Business Solutions

HW201 Jun 2026

ARCO Fuel Charges 06/16-06/22/2026

06/25/2026
2,564.45

Total for this ACH Check for Vendor 10138:

ACH

2,564.45

10350

NAPA Auto Parts

247184

2 Batteries - Well 24 Generator

06/25/2026
502.65

Total for this ACH Check for Vendor 10350:

17869

UB*06258

502.65

Antonia Reynolds or Agri Builders Corporation

06/25/2026

Refund Check

221.85

Total for Check Number 17869:

17870

UB*06255

221.85

Sandra Brown

06/25/2026

Refund Check
Refund Check
Refund Check
Refund Check
Refund Check

267.03
13.67
4.24
9.40
5.66

Total for Check Number 17870:

17871

UB*06264

300.00

Davion Horn

06/25/2026

Refund Check

210.16

Total for Check Number 17871:

17872

UB*06259

210.16

Meritage Homes

06/25/2026

Refund Check

480.40

Total for Check Number 17872:

17873

UB*06261

480.40

Meritage Homes

06/25/2026

Refund Check
Refund Check
Refund Check
Refund Check

404.09
12.37
17.73
42.68

Total for Check Number 17873:

17874

UB*06262

476.87

Meritage Homes

06/25/2026

Refund Check

480.40

Total for Check Number 17874:

17875

UB*06265

480.40

Linda Robbins

06/25/2026

Refund Check
Refund Check
Refund Check
Refund Check

6.33
4.61
3.22
105.13

Total for Check Number 17875:

17876

UB*06263

119.29

Georgina Rodriguez
Refund Check

Total for Check Number 17876:

Check
Amount

06/25/2026
71.28
71.28

Check No
17877

Vendor No
Invoice No
UB*06257

Vendor Name
Description
Christopher Saavedra

Check Date
Reference
06/25/2026

Refund Check
Refund Check
Refund Check
Refund Check
Refund Check
Refund Check

13.14
2.41
15.59
10.87
19.74
9.50

Total for Check Number 17877:

17878

UB*06256

71.25

David Trinh

06/25/2026

Refund Check
Refund Check
Refund Check
Refund Check

2.36
1.72
16.33
1.20

Total for Check Number 17878:

17879

UB*06260

21.61

Veronica Vasquez

06/25/2026

Refund Check

197.63

Total for Check Number 17879:

17880

197.63

10319

ACWA Joint Powers Insurance Authority

641
641

Property Insurance - July 2026
Prepaid Property Insurance - Aug 2026-June 2027

06/25/2026
11,643.18
128,074.43

Total for Check Number 17880:

17881

139,717.61

10003

All Purpose Rental

65910

Liquid Propane - Torches

06/25/2026
11.67

Total for Check Number 17881:

17882

11.67

10144

Alsco Inc

LYUM1966969
LYUM1966971

Cleaning Mats/Air Fresheners 560 Magnolia Jun 2026
Cleaning Mats/Shop Towels 12th/Palm Jun 2026

06/25/2026
55.15
29.68

Total for Check Number 17882:

17883

84.83

10420

Amazon Capital Services, Inc.

1RVC-HTCQ-GPCL
1WQV-N6J7-RLRQ

Hospitality Items for Board Meetings
Chargers and Battery - Police Scanner

06/25/2026
19.26
83.12

Total for Check Number 17883:

17884

102.38

10272

Babcock Laboratories Inc

05312026
05312026
05312026
06022026
06022026
06022026
06022026
06122026
06122026

Finance Charge
2 Nitrate Samples
30 Coliform Water Samples
4 Nitrate Samples
1 EPA 537.1 Per/Polyfluorinated Alkyl Substance
1 EPA 537 Extract Only
17 Coliform Water Samples
32 Coliform Water Samples
15 General Physical Analysis Samples

06/25/2026
10.00
52.50
1,680.00
84.00
592.00
265.00
952.00
1,792.00
630.00

Total for Check Number 17884:

17885

6,057.50

10774

Jesus Camacho

760138
760140
760141
760143
760146
760147

(8) Truck Washes - Jan-Feb 2026 Corrections
(28) Truck Washes - May 2026
(28) Truck Washes - May 2026
(28) Truck Washes - May 2026
(28) Truck Washes - May 2026
(24) Truck Washes - May 2026

Total for Check Number 17885:

Check
Amount

06/25/2026
38.00
337.00
337.00
337.00
337.00
288.00
1,674.00

Check No
17886

Vendor No
Invoice No
10351

Vendor Name
Description
Cherry Valley Nursery & Landscape Supply

T1-0439830
T1-0441087
T1-0441097
T1-0441135

3/4" Grey Rock - Well 23
3/4" Grey Rock - Well 23
3/4" Grey Rock - Well 23
3/4" Grey Rock - Well 23

Check Date
Reference
06/25/2026

517.20
862.00
431.00
431.00

Total for Check Number 17886:

17887

2,241.20

10942

Diamond Environmental Services LP

0007030800

Basin Handwash Station Rental - 39500 Brookside 06/22-07/19/2026

06/25/2026
158.29

Total for Check Number 17887:

17888

158.29

11073

Eric Chamberlin

000116
000118

Venomous Snake Handler Training - 5/28/2026
Venomous Snake Handler Training - 5/28/2026

06/25/2026
1,650.00
1,500.00

Total for Check Number 17888:

17889

3,150.00

11337

General Pump Company, Inc

INV00235
INV00237

Well 25 Pumping Unit Repair - Board Approved 04/23/2026
Well 1 Pumping Unit Repair - Board Approved 04/23/2026

06/25/2026
53,429.50
26,000.00

Total for Check Number 17889:

17890

79,429.50

10337

Hilltop Geotechnical, Inc

21559

Soil Compaction/Testing - 11th St from Elm Ave to Beaumont Ave

06/25/2026
3,659.00

Total for Check Number 17890:

17891

3,659.00

10674

Michael Baker International

1290009

Environmental Site Assessment - APN 407-150-016

06/25/2026
11,369.98

Total for Check Number 17891:

17892

11,369.98

10573

O'Reilly Auto Parts

2678-364145

Terminal Towing Connector - Air Compressor #2

06/25/2026
17.95

Total for Check Number 17892:

17893

17.95

10171

Riverside Assessor - County Recorder

26-105661
26-158504
26-179483

Apr 2026 Lien Fees
May 2026 Lien Fees
Jun 2026 Lien Fees

06/25/2026
20.00
40.00
120.00

Total for Check Number 17893:

17894

180.00

10431

Southern California West Coast Electric

56300

Well 23 Transfer Switch Repair - Progress Payment

06/25/2026
44,000.00

Total for Check Number 17894:

17895

44,000.00

10447

State Water Resources Control Board - DWOCP

06162026

D2 Certification Fee - OP# 47816 - L Lomeli

06/25/2026
60.00

Total for Check Number 17895:

17896

60.00

10911

The Prizm Group

N5627

Beaumont Basin Well Site Survey - Nov 2024

06/25/2026
1,997.50

Total for Check Number 17896:

17897

1,997.50

10668

Thomas Harder & Co

25116-102.7

Hydrogeological Consulting Services - Well 30

06/25/2026
4,146.25

Total for Check Number 17897:

17898

4,146.25

11381

TKE Engineering, Inc.

2026-581
2026-581
2026-689
2026-689

Plan Checking for Development - Project Management
Plan Checking for Development - AR 813 Tract 38926
Plan Checking for Development - AR 813 Tract 38926
Plan Checking for Development - AR 624 Beaumont Pointe

Total for Check Number 17898:

Check
Amount

06/25/2026
90.00
170.00
3,750.00
4,110.00
8,120.00

Check No
17899

Vendor No
Invoice No
10424

Vendor Name
Description
Top-Line Industrial Supply, LLC

482758
482972

Male O-Ring
Filler Hose Adapter and Cam-Lok - Water Truck

Check Date
Reference
06/25/2026

4.58
105.65

Total for Check Number 17899:

17900

110.23

10385

Waterline Technologies, Inc. - PSOC

5799440
5799656

Chlorine - Well 29
Chlorine - Well 23

06/25/2026
2,760.00
2,242.50

Total for Check Number 17900:

17901

5,002.50

10158

Wienhoff Drug Testing

139445

Random Drug Testing - Emp #208

06/25/2026
390.00

Total for Check Number 17901:

390.00
317,745.43

Total for 6/25/2026:
ACH

10042

Southern California Gas Company

07132135000Jun

Monthly Gas Charges 05/28-06/26/2026

07/01/2026
14.30

Total for this ACH Check for Vendor 10042:

ACH

14.30

10138

ARCO Business Solutions

HW201 Jun 2026

ARCO Fuel Charges 06/23-06/29/2026

07/01/2026
2,569.23

Total for this ACH Check for Vendor 10138:

ACH

2,569.23

11202

Orange County Winwater Works

190353.07

(300) 1 MIL UP509 Brass Swing Check Valve

07/01/2026
36,659.78

Total for this ACH Check for Vendor 11202:

ACH

36,659.78

10085

CalPERS Retirement System

1003321769
1003321769
1003321769
1003321769
1003321769
1003321769
1003321769
1003321769
1003321769

PR Batch 00001.07.2026 CalPERS 8% ER Paid
PR Batch 00004.06.2026 CalPERS 8.25% EE PEPRA
PR Batch 00001.07.2026 CalPERS 1% ER Paid
PR Batch 00001.07.2026 CalPERS 7% EE Deduction
PR Batch 00001.07.2026 CalPERS ER Paid Classic
PR Batch 00004.06.2026 CalPERS ER PEPRA
PR Batch 00001.07.2026 CalPERS 8.25% EE PEPRA
PR Batch 00001.07.2026 CalPERS ER PEPRA
PR Batch 00001.07.2026 CalPERS 8% EE Paid

07/01/2026
1,347.01
162.46
215.39
1,507.74
12,604.79
171.72
9,694.69
10,246.98
2,626.94

Total for this ACH Check for Vendor 10085:

ACH

38,577.72

10087

EDD

1-545-218-896
1-545-218-896
925-0249-1
925-0249-1

PR Batch 00001.07.2026 CA SDI
PR Batch 00001.07.2026 State Income Tax
PR Batch 00002.07.2026 CA SDI - Retro
PR Batch 00003.07.2026 CA SDI - Final

07/01/2026
2,561.51
8,231.05
12.06
14.25

Total for this ACH Check for Vendor 10087:

ACH

10,818.87

10094

U.S. Treasury

270658354629952
270658354629952
270658354629952
270658354629952
270658354629952
270658355425459
270658355425459
270658355425459
270658355425459
270658355425459
270658355425459
270658355425459
270658355425459

PR Batch 00001.07.2026 FICA Employee Portion
PR Batch 00001.07.2026 Medicare Employer Portion
PR Batch 00001.07.2026 Medicare Employee Portion
PR Batch 00001.07.2026 Federal Income Tax
PR Batch 00001.07.2026 FICA Employer Portion
PR Batch 00002.07.2026 Medicare Employee Portion - Retro
PR Batch 00004.07.2026 Medicare Employer Portion - Final
PR Batch 00002.07.2026 FICA Employee Portion - Retro
PR Batch 00004.07.2026 FICA Employer Portion - Final
PR Batch 00002.07.2026 Medicare Employer Portion - Retro
PR Batch 00002.07.2026 FICA Employer Portion - Retro
PR Batch 00004.07.2026 Medicare Employee Portion - Final
PR Batch 00004.07.2026 FICA Employee Portion - Final

Total for this ACH Check for Vendor 10094:

Check
Amount

07/01/2026
12,451.97
2,912.14
2,912.14
20,578.16
12,451.97
13.45
51.90
57.53
221.91
13.45
57.53
51.90
221.91
51,995.96

Check No
ACH

Vendor No
Invoice No
10141

Vendor Name
Description
Ca State Disbursement Unit

57080801

PR Batch 00001.07.2026 Garnishment

Check Date
Reference
07/01/2026

379.84

Total for this ACH Check for Vendor 10141:

ACH

379.84

10264

CalPERS Supplemental Income Plans

1003321801
1003321801
1003321801
1003321801

PR Batch 00001.07.2026 ROTH-Post-Tax
PR Batch 00001.07.2026 457 Loan Repayment
PR Batch 00001.07.2026 100% Contribution
PR Batch 00001.07.2026 CalPERS 457

07/01/2026
1,000.00
277.84
744.78
3,532.31

Total for this ACH Check for Vendor 10264:

ACH

5,554.93

10984

MidAmerica Administrative & Retirement Solutions

1782834210569
1782834210569
1782834210569
1782834210569
1782834210569

PR Batch 00001.07.2026 401a Sick Contribution
PR Batch 00001.07.2026 401(a) Defined Comp
PR Batch 00001.07.2026 401a Cash Contribution
PR Batch 00001.07.2026 401(a) ER Paid-Staff
PR Batch 00001.07.2026 401a-Vacation Contribution

07/01/2026
221.39
925.00
230.00
271.10
1,008.03

Total for this ACH Check for Vendor 10984:

ACH

2,655.52

11152

Sterling Health Services, Inc

947574

PR Batch 00001.07.2026 Flexible Spending Account (PT)

07/01/2026
1,116.66

Total for this ACH Check for Vendor 11152:

2396

1,116.66

11155

CICCS

2026-7

PR Batch 00001.07.2026 Emp Assistance Program

07/01/2026
103.02

Total for Check Number 2396:

17902

103.02

10420

Amazon Capital Services, Inc.

11HG-316N-T7H9
11HG-316N-T7H9
19WH-7Y1G-CG9N
1HVR-N4RC-QQCD
1V3H-MXFF-KD6Y

Water for Board Meetings
Office Supplies - Main Office
(2) 50FT Solar Connector
(5) 52 Ways to Be a Better Board - BOD Leadership Training
Meeting Supplies - Board of Directors Leadership Training

07/01/2026
12.38
41.75
183.57
96.90
143.31

Total for Check Number 17902:

17903

477.91

10929

Alan Billingsley (ICS)

1618

(48) 60lb Buckets of Accu-Tab Chlorine Tablets

07/01/2026
10,159.20

Total for Check Number 17903:

17904

10,159.20

11364

Delta Motor Co., Inc.

26051

Well 25 Motor Repairs

07/01/2026
13,036.83

Total for Check Number 17904:

17905

13,036.83

10942

Diamond Environmental Services LP

0007037375
0007037376

(1) Rental and Service Portable Restroom 06/29-07/26/2026
(2) Rental and Service Handicap Portable Restroom 06/29-07/26/26

07/01/2026
99.29
341.55

Total for Check Number 17905:

17906

440.84

10174

GFOA

00029780

2025 ACFR Certificate of Achievement Review Fee

07/01/2026
505.00

Total for Check Number 17906:

17907

505.00

10573

O'Reilly Auto Parts

2678-366742

Fuel Filter - Unit 57

07/01/2026
16.92

Total for Check Number 17907:

17908

16.92

11142

Pro-Vigil Inc

IN-434215

Monitoring Program - 39500 Brookside - 06/26-07/23/2026

Total for Check Number 17908:

Check
Amount

07/01/2026
4,042.46
4,042.46

Check No
17909

Vendor No
Invoice No
10223

Vendor Name
Description
Richards, Watson & Gershon

258459
258460

Legal Services April Board Approval 06/25/2026
Legal Services April Board Approval 06/25/2026

Check Date
Reference
07/01/2026

8,085.00
2,036.00

Total for Check Number 17909:

17910

10,121.00

10171

Riverside Assessor - County Recorder

26-186170

Jun 2026 Lien Fees

07/01/2026
20.00

Total for Check Number 17910:

17911

20.00

10689

Safety Compliance Company

266498
267078

Safety Meeting - Stress - 06/03/2026
Safety Meeting - Silica Training - 06/16/2026

07/01/2026
250.00
250.00

Total for Check Number 17911:

17912

500.00

10830

SC Fuels

IN-0000374332

60 Gallons of AW 68 Hydraulic Oil for Wells

07/01/2026
1,408.37

Total for Check Number 17912:

17913

1,408.37

11131

Sherwin-Williams Company

8446-5

(24) Caulk- Well 14 New Building Construction

07/01/2026
84.62

Total for Check Number 17913:

17914

UB*06266

84.62

City Of Beaumont

07/01/2026

Refund Check
Refund Check
Refund Check
Refund Check
Refund Check

1,410.96
586.20
346.59
19.25
408.97

Total for Check Number 17914:

2,771.97
194,030.95

Total for 7/1/2026:
ACH

10019

C R & R Incorporated

000132128

Monthly Charges 3 YD Commercial Bin - Cherry Yard - Jul 2026

07/09/2026
389.08

Total for this ACH Check for Vendor 10019:

ACH

389.08

10030

Southern California Edison

700359906319Jun
700359906319Jun
700359906319Jun
701056432296Jun

Electricity 05/26/26 to 06/23/26 - 12303 Oak Glen Rd
Electricity 05/26/26 to 06/23/26 - 13695 Oak Glen Rd
Electricity 05/26/26 to 06/23/26 - 13697 Oak Glen Rd
Electricity 06/09/26 to 06/18/26 - 37612 Cherry Valley Blvd

07/09/2026
32.89
139.74
368.21
7.78

Total for this ACH Check for Vendor 10030:

ACH

548.62

10037

Waste Management Of Inland Empire

2690049-2371-1
2690049-2371-1
2690049-2371-1
2690055-2371-8
2690055-2371-8
2690055-2371-8

Yard Dumpsters - 815 E 12th Jul 2026
Organics Cart Charges - 815 E 12th Jul 2026
Recycling Dumpster Charges - 815 E 12th Jul 2026
Monthly Sanitation - 560 Magnolia Jul 2026
Recycling Dumpster Charges - 560 Magnolia Jul 2026
Overage Service Charges - 560 Magnolia Jul 2026

07/09/2026
390.92
66.13
118.40
143.78
118.40
163.58

Total for this ACH Check for Vendor 10037:

ACH

1,001.21

10042

Southern California Gas Company

17216946925Jun

Monthly Gas Charges 06/09-06/29/2026 - 37612 Cherry Valley Blvd

Total for this ACH Check for Vendor 10042:

Check
Amount

07/09/2026
31.37
31.37

Check No
ACH

Vendor No
Invoice No
10052

Vendor Name
Description
Home Depot Credit Services

06262026
06262026
06262026
06262026
06262026
06262026

General Supplies
Production Small Tools Supplies
Maint & Repair - 560 Magnolia Ave Supplies
Maint & Repair - General Building Supplies
Maint & Repair - 12th/Palm Supplies
Maint & Repair - Pumping Equip Supplies

Check Date
Reference
07/09/2026

9.13
71.01
96.76
549.41
151.78
102.63

Total for this ACH Check for Vendor 10052:

ACH

980.72

10138

ARCO Business Solutions

HW201 Jul 2026

ARCO Fuel Charges 06/30-07/06/2026

07/09/2026
2,033.07

Total for this ACH Check for Vendor 10138:

ACH

2,033.07

10284

Underground Service Alert of Southern California

620260073
620260073

Monthly Maintenance Fee
108 New Ticket Charges Jun 2026

07/09/2026
10.00
232.20

Total for this ACH Check for Vendor 10284:

ACH

242.20

10350

NAPA Auto Parts

247908

2 Batteries - Dozer

07/09/2026
340.52

Total for this ACH Check for Vendor 10350:

ACH

340.52

10632

Quinn Company

WOA0074090
WOA0074090

Labor - Quinn Cat New Radiator/Reading 7,078
Quinn Cat New Radiator/Reading 7,078

07/09/2026
5,300.00
4,567.80

Total for this ACH Check for Vendor 10632:

ACH

9,867.80

11038

Clark Pest Control

30010547
39910378
39910546

Pest Control - 815 E 12th St
Pest Control - 560 Magnolia Ave
Pest Control - 39500 Brookside Ave

07/09/2026
142.00
229.00
76.00

Total for this ACH Check for Vendor 11038:

ACH

447.00

11202

Orange County Winwater Works

190353.08

(10) Nuts and Bolts Hydrant Solid 6

07/09/2026
153.33

Total for this ACH Check for Vendor 11202:

ACH

153.33

10894

Liberty Dental Plan

0001910243

Liberty Dental - Jul 2026

07/09/2026
266.91

Total for this ACH Check for Vendor 10894:

ACH

266.91

10901

Ameritas Life Insurance Corp.

217488
70284

Ameritas Dental Jul 2026
Ameritas Vision Jul 2026

07/09/2026
2,174.88
702.84

Total for this ACH Check for Vendor 10901:

ACH

2,877.72

10902

Colonial Life

53743680613454

Col Life Premiums Jun 2026

07/09/2026
4,162.48

Total for this ACH Check for Vendor 10902:

ACH

4,162.48

10903

The Lincoln National Life Insurance Company

4983262772

Life & ADD EE/ER Insurance Jul 2026

07/09/2026
922.80

Total for this ACH Check for Vendor 10903:

ACH

922.80

10288

CalPERS Health Fiscal Services Division

174234452
174234452
174234452
174234452
174234458
174234458

Admin Fee for Health Ins Jul 2026
Active Employees Health Ins Jul 2026
Retired Employees Health Ins Jul 2026
Admin Fee for Retired Emp Health Ins Jul 2026
Active Non CalPERS Member Health Ins Jul 2026
Admin Fee Non CalPERS Member Health Ins Jul 2026

Total for this ACH Check for Vendor 10288:

Check
Amount

07/09/2026
75.54
94,419.78
2,252.83
5.17
2,519.53
2.02
99,274.87

Check No
ACH

Vendor No
Invoice No
11333

Vendor Name
Description
Enterprise FM Trust

Check Date
Reference
07/09/2026

Check
Amount

626642-070326
626642-070326
626642-070326
626642-070326
626642-070326
626642-070326
626642-070326
626642-070326
626642-070326
626642-070326
626642-070326
626642-070326
626642-070326
626642-070326
626642-070326
626642-070326
626642-070326
626642-070326

(6) F-150 Lease Payment - Jul 2026
(2) F-150 Lease Payment - Jun 2026
Vehicle Sale - Unit #04 - 28WXR6- Unit F-350
(1) F-550 Dump Truck Lease Payment - Jul 2026
(1) F-350 Maintenance Charges - Jul 2026
(5) F-150 Maintenance Charges - Jul 2026
(4) F-250 Lease Payment - Jul 2026
(1) F-550 Dump Truck Maintenance Payment - Jul 2026
(3) Ranger Lease Payment - Jul 2026
Vehicle Sale - Unit #35 - 28WXQS - Unit F-150
(3) Ranger Maintenance Charges - Jul 2026
(1) Silverado EV Maintenance Payment - Jul 2026
Vehicle Sale - Unit #17 - 28WXRH - Unit F-350
Vehicle Sale - Unit #10 - 28WXQV - Unit F-250
(1) Silverado EV Lease Payment - Jul 2026
(4) F-250 Maintenance Charges - Jul 2026
(14) Owned Vehicles Maint. Charges - Jul 2026
(1) F-350 Lease Payment - Jul 2026

01
01
01
07
06
02
03
08
10
01
11
13
01
01
12
04
09
05

5,840.87
2,548.76
-5,930.00
1,517.29
60.80
315.12
4,604.04
65.95
2,420.84
-12,230.00
174.63
56.79
-6,680.00
-380.00
1,080.93
276.14
6,018.23
1,393.41

10087

EDD

07/09/2026

0-877-755-216
0-877-755-216

PR Batch 00005.07.2026 CA SDI
PR Batch 00005.07.2026 State Income Tax

Total for this ACH Check for Vendor 11333:

ACH

1,153.80
18.83
4.41

Total for this ACH Check for Vendor 10087:

ACH

23.24

10094

U.S. Treasury

270659043647840
270659043647840
270659043647840
270659043647840
270659043647840

PR Batch 00005.07.2026 Federal Income Tax
PR Batch 00005.07.2026 FICA Employee Portion
PR Batch 00005.07.2026 Medicare Employee Portion
PR Batch 00005.07.2026 FICA Employer Portion
PR Batch 00005.07.2026 Medicare Employer Portion

07/09/2026
31.39
90.01
21.06
90.01
21.06

Total for this ACH Check for Vendor 10094:

17915

UB*06269

253.53

Shauna Villasenor

07/09/2026

Refund Check

76.15

Total for Check Number 17915:

17916

UB*06268

76.15

Weka Inc

07/09/2026

Refund Check
Refund Check

3,925.09
217.97

Total for Check Number 17916:

17917

UB*06267

4,143.06

Seth Withers

07/09/2026

Refund Check

100.58

Total for Check Number 17917:

17918

100.58

10001

Action True Value Hardware

06302026
06302026
06302026
06302026
06302026
06302026

General Supplies
Maint & Repair - General Building Supplies
Maint & Repair - General Equip Supplies
Meter Maint & Service Supplies
Transmission & Distribution Small Tools Supplies
Production Small Tools Supplies

07/09/2026
96.78
63.55
52.73
5,168.77
48.98
130.32

Total for Check Number 17918:

17919

5,561.13

10144

Alsco Inc

LYUM1969709
LYUM1969711

Cleaning Mats/Air Fresheners 560 Magnolia Jun 2026
Cleaning Mats/Shop Towels 12th/Palm Jun 2026

07/09/2026
55.15
29.68

Total for Check Number 17919:

17920

84.83

10420

Amazon Capital Services, Inc.

1CQ1-VDP3-GVYF
1PWT-J7WP-FJNT

Office Supplies - Operations
Meeting Supplies - Board of Directors Leadership Training

Total for Check Number 17920:

07/09/2026
26.88
20.42
47.30

Check No
17921

Vendor No
Invoice No

Vendor Name
Description

Check Date
Reference

10272

Babcock Laboratories Inc

07/09/2026

06302026
06302026
06302026
06302026
06302026

15 General Physical Analysis Samples
2 Hexavalent Chromium By IC
4 Nitrate Samples
32 Coliform Water Samples
6 Chromium By IC EPA 537.1 Per/Polyfluorinated Alkyl Substance

630.00
278.00
84.00
1,792.00
3,552.00

Total for Check Number 17921:

17922

6,336.00

10271

Beaumont Ace Home Center

06302026
06302026
06302026
06302026
06302026
06302026
06302026
06302026
06302026
06302026
06302026
06302026
06302026

Maint & Repair - General Building Supplies
Meter Maint & Service Supplies
Transmission & Distribution Small Tools Supplies
Landscape Maint Supplies
Production Small Tools Supplies
Maint & Repair - Fleet Supplies
NCRF/Canyon Pond Maintenance Supplies
Maint & Repair - 12th/Palm Supplies
Maint & Repair - General Equip Supplies
General Supplies
Maint & Repair - 560 Magnolia Ave Supplies
Backflow & Non-Potable Water Small Tools Supplies
Maint & Repair - Pumping Equip Supplies

07/09/2026
233.41
63.27
231.41
60.21
184.63
148.74
251.56
86.91
11.37
16.56
19.38
32.84
701.26

Total for Check Number 17922:

17923

2,041.55

11075

Bonafide Enterprises INC

306912
306913

Adjustment - Rear Axle Repair - Kenworth Truck/OD 38,037
Adjustment - Left Turn Signal Repair - Econoline Trailer

07/09/2026
2,589.72
67.31

Total for Check Number 17923:

17924

2,657.03

11161

Boot Barn Holdings

INV00623836
INV00623844
INV00623849
INV00623865

Boot Voucher Reimbursement - J Smith
Boot Voucher Reimbursement - A Becerra
Boot Voucher Reimbursement - T Lamont
Boot Voucher Reimbursement - M Gibson

07/09/2026
198.77
198.67
200.00
198.67

Total for Check Number 17924:

17925

796.11

10774

Jesus Camacho

760111
760113
760115
760117
760120
760121

(28) Truck Washes - Jun 2026
(28) Truck Washes - Jun 2026
(28) Truck Washes - Jun 2026
(28) Truck Washes - Jun 2026
(28) Truck Washes - Jun 2026
(30) Truck Washes - Jun 2026

07/09/2026
337.00
337.00
337.00
337.00
337.00
360.00

Total for Check Number 17925:

17926

2,045.00

10351

Cherry Valley Nursery & Landscape Supply

T1-0443405

Sod - Main Line Leak - 6th and Palm

07/09/2026
309.24

Total for Check Number 17926:

17927

309.24

10016

City of Beaumont

261701 May-Jun

Monthly Sewer Charges 05/01-07/01/2026

07/09/2026
23.90

Total for Check Number 17927:

17928

23.90

10313

County of Riverside - Auditor Controller

AC0000002291
AC0000002291

LAFCO FY 2026-2027 Fees
LAFCO FY 2026-2027 Admin Fees

07/09/2026
4,590.30
239.58

Total for Check Number 17928:

17929

4,829.88

11228

D I Ready Cleaning Service, Inc

332
332
332

Jul 2026 Janitorial Services for 815 E 12th
Jul 2026 Janitorial Services for 851 E 6th St
Jul 2026 Janitorial Services for 560 Magnolia

Total for Check Number 17929:

Check
Amount

07/09/2026
534.00
288.00
1,028.00
1,850.00

Check No
17930

Vendor No
Invoice No
10600

Vendor Name
Description
Gaucho Pest Control Inc.

07022026

NCR I Rodent Control Jul 2026

Check Date
Reference
07/09/2026

1,000.00

Total for Check Number 17930:

17931

1,000.00

11337

General Pump Company, Inc

INV00263
INV00265

Well 1 Pumping Unit Repair - Board Approved 4/23/2026
Well 25 Pumping Unit Repair - Board Approved 4/23/2026

07/09/2026
21,872.50
27,375.00

Total for Check Number 17931:

17932

49,247.50

10398

Infosend, Inc

312203
312203

(1,174) Supply and Processing Charges for Backflow Notice
(1,174) Postage Charges for Backflow Notice

07/09/2026
650.00
741.15

Total for Check Number 17932:

17933

1,391.15

10233

Pro-Pipe & Supply

145668

Brass Gate Valve - Construction Hydrant Meter

07/09/2026
340.24

Total for Check Number 17933:

17934

340.24

10223

Richards, Watson & Gershon

258622
258623

Legal Services May Board Approval 07/08/2026
Legal Services May Board Approval 07/08/2026

07/09/2026
12,405.00
324.00

Total for Check Number 17934:

17935

12,729.00

10095

Riverside County Dept of Waste Resources

202605000339

Weeds/Trash Removal NCR I May 2026

07/09/2026
71.14

Total for Check Number 17935:

17936

71.14

10317

Robertson's Ready Mix

863806
863806

Backfill Sand for Main Line Repairs
Backfill Sand for Service Line Repairs

07/09/2026
718.69
718.67

Total for Check Number 17936:

17937

1,437.36

11131

Sherwin-Williams Company

19516217510626
84465215410626
85025215410626

Paint Samples - 560 Magnolia Ave Offices
Silicone Caulking - 560 Magnolia Ave Offices
Paint - 560 Magnolia Ave Offices

07/09/2026
71.85
84.62
369.13

Total for Check Number 17937:

17938

525.60

11127

Cenica Smith

06302026

Mileage Reimbursement - C Smith June 2026

07/09/2026
8.41

Total for Check Number 17938:

17939

8.41

11276

Universal Green, LLC

224

Landscape Contract Services - Jun 2026

07/09/2026
5,040.00

Total for Check Number 17939:

17940

5,040.00

10385

Waterline Technologies, Inc. - PSOC

5801512
5802783

Chlorine - Well 24
Chlorine - Well 29

07/09/2026
2,242.50
3,105.00

Total for Check Number 17940:

17941

5,347.50

10651

Weldors Supply and Steel, Inc

50256

Angle Steel - Repairs to Well 21 Chlorinator Building

07/09/2026
228.43

Total for Check Number 17941:

228.43
233,238.36

Total for 7/9/2026:
ACH

10138

ARCO Business Solutions

HW201 Jul 2026

ARCO Fuel Charges 07/07-07/13/2026

Total for this ACH Check for Vendor 10138:

Check
Amount

07/16/2026
1,834.41
1,834.41

Check No
ACH

Vendor No
Invoice No
10085

Vendor Name
Description
CalPERS Retirement System

1003333517
1003333517
1003333517
1003333517
1003333517
1003333517
1003333517
1003333517
1003333517

PR Batch 00006.07.2026 CalPERS ER PEPRA
PR Batch 00006.07.2026 CalPERS ER Paid Classic
PR Batch 00006.07.2026 CalPERS 1% ER Paid
PR Batch 00004.07.2026 CalPERS 8.25% EE PEPRA
PR Batch 00006.07.2026 CalPERS 8% EE Paid
PR Batch 00006.07.2026 CalPERS 7% EE Deduction
PR Batch 00004.07.2026 CalPERS ER PEPRA
PR Batch 00006.07.2026 CalPERS 8% ER Paid
PR Batch 00006.07.2026 CalPERS 8.25% EE PEPRA

Check Date
Reference
07/16/2026

9,956.53
12,638.40
215.39
90.41
2,645.34
1,507.74
95.24
1,347.01
9,452.40

Total for this ACH Check for Vendor 10085:

ACH

37,948.46

10087

EDD

2-091-924-304
2-091-924-304

PR Batch 00006.07.2026 State Income Tax
PR Batch 00006.07.2026 CA SDI

07/16/2026
8,520.85
2,529.85

Total for this ACH Check for Vendor 10087:

ACH

11,050.70

10094

U.S. Treasury

270659711291005
270659711291005
270659711291005
270659711291005
270659711291005

PR Batch 00006.07.2026 Federal Income Tax
PR Batch 00006.07.2026 FICA Employer Portion
PR Batch 00006.07.2026 Medicare Employer Portion
PR Batch 00006.07.2026 FICA Employee Portion
PR Batch 00006.07.2026 Medicare Employee Portion

07/16/2026
20,994.93
12,305.55
2,877.93
12,305.55
2,877.93

Total for this ACH Check for Vendor 10094:

ACH

51,361.89

10141

Ca State Disbursement Unit

57246558

PR Batch 00006.07.2026 Garnishment

07/16/2026
379.84

Total for this ACH Check for Vendor 10141:

ACH

379.84

10264

CalPERS Supplemental Income Plans

1003333577
1003333577
1003333577
1003333577

PR Batch 00006.07.2026 CalPERS 457
PR Batch 00006.07.2026 100% Contribution
PR Batch 00006.07.2026 457 Loan Repayment
PR Batch 00006.07.2026 ROTH-Post-Tax

07/16/2026
3,482.31
273.72
277.01
1,000.00

Total for this ACH Check for Vendor 10264:

ACH

5,033.04

10984

MidAmerica Administrative & Retirement Solutions

1784053905727
1784053905727
1784053905727
1784053905727
1784053905727

PR Batch 00006.07.2026 401a Sick Contribution
PR Batch 00006.07.2026 401(a) Defined Comp
PR Batch 00006.07.2026 401a Cash Contribution
PR Batch 00006.07.2026 401(a) ER Paid-Staff
PR Batch 00006.07.2026 401a-Vacation Contribution

07/16/2026
221.39
925.00
230.00
271.10
1,008.03

Total for this ACH Check for Vendor 10984:

ACH

2,655.52

11152

Sterling Health Services, Inc

07/16/2026

952583

PR Batch 00006.07.2026 Flexible Spending Account (PT)

PR Batch 00006.07.2

Total for this ACH Check for Vendor 11152:

ACH

10085

CalPERS Retirement System

1003334343
1003334343
1003334343
1003334343
1003334343
1003334343
1003334343
1003334343

PR Batch 00005.07.2026 CalPERS 8.25% EE PEPRA
PR Batch 00002.07.2026 CalPERS ER PEPRA
PR Batch 00002.07.2026 CalPERS 8.25% EE PEPRA
Retro PR Batch CalPERS ER PEPRA
PR Batch 00002.07.2026 CalPERS ER PEPRA
PR Batch 00005.07.2026 CalPERS ER PEPRA
PR Batch 00002.07.2026 CalPERS 8.25% EE PEPRA
Retro PR Batch CalPERS 8.25% EE PEPRA

07/16/2026
105.99
72.40
68.50
14.24
8.46
111.64
8.00
13.94
403.17

11065

Justin Petruescu

PP14 2026

PR Batch 00006.07.2026 Stipend

Total for Check Number 2400:

Total for 7/16/2026:

1,116.66
1,116.66

Total for this ACH Check for Vendor 10085:

2400

Check
Amount

07/16/2026
75.00
75.00
111,858.69

Check No

ACH

Vendor No
Invoice No

Vendor Name
Description

Check Date
Reference

10019

C R & R Incorporated

07/23/2026

000132257
000132257

Monthly Charges 3 YD Locked Recycle - 39500 Brookside - Jul 2026
Monthly Charges 3 YD Commercial Bin - 39500 Brookside - Jul 2026

157.44
389.08

Total for this ACH Check for Vendor 10019:

ACH

546.52

10030

Southern California Edison

700154530138Jun
700154530138Jun
700154530138Jun
700154530138Jun
700154530138Jun
701056432296Jul

Electricity 05/15/26 to 06/15/26 - 851 E 6th St
Electricity 05/26/26 to 06/23/26 - 9781 Avenida Miravilla
Electricity 05/26/26 to 06/23/26 - Well 25 / WO 31030
Electricity 05/26/26 to 06/23/26 - Wells
Electricity 05/26/26 to 06/23/26 - 560 Magnolia Ave
Electricity 06/19-07/20/2026 - 37612 Cherry Valley Blvd

07/23/2026
454.66
163.93
673.80
273,549.82
6,460.59
24.97

Total for this ACH Check for Vendor 10030:

ACH

281,327.77

10138

ARCO Business Solutions

HW201 Jul 2026

ARCO Fuel Charges 07/14-07/20/2026

07/23/2026
3,475.70

Total for this ACH Check for Vendor 10138:

ACH

3,475.70

10147

Online Information Services, Inc

1395715

177 Credit Reports for Jun 2026

07/23/2026
553.92

Total for this ACH Check for Vendor 10147:

ACH

553.92

10350

NAPA Auto Parts

247944
248484

Grease - Unit 41
Duster - Unit 56

07/23/2026
59.22
8.50

Total for this ACH Check for Vendor 10350:

ACH

67.72

10632

Quinn Company

WOG00025911
WOG00025911
WOG00025911
WOG00025912
WOG00025912
WOG00025912
WOG00025913
WOG00025913
WOG00025913

Well 16 Generator Maintenance - Parts
Well 16 Generator Maintenance - Labor
Well 16 Generator Maintenance - Misc
Well 21 Generator Maintenance - Labor
Well 21 Generator Maintenance - Parts
Well 21 Generator Maintenance - Misc
Well 24 Generator Maintenance - Misc
Well 24 Generator Maintenance - Parts
Well 24 Generator Maintenance - Labor

07/23/2026
722.53
1,650.00
119.11
1,650.00
1,221.71
50.00
27.41
603.87
1,650.00

Total for this ACH Check for Vendor 10632:

ACH

7,694.63

10709

Core & Main LP

Z006434
Z067298
Z067298
Z261470

(1) Ford FSERK-L15 15 Emergency Repair Clamp Kit
(20) 14" BLK STL PIPE
(2) 12 x 7- 1/2 CPLG EPXY
(21) Nuts and Bolts Hydrant Solid 6

07/23/2026
2,091.95
1,885.63
1,497.83
92.32

Total for this ACH Check for Vendor 10709:

ACH

5,567.73

11202

Orange County Winwater Works

190353.06
190353.06
192536.01
192536.01

(160) Ball Valve Brass 1 FIP X FIP
(50) Meter Coupling .75 X 2
3670-20 M18 6" Paddle Bare
2722-20 Super Saw Zall

07/23/2026
7,999.36
817.82
300.62
322.18

Total for this ACH Check for Vendor 11202:

17942

UB*06270

9,439.98

Eden Omura or Maricel Omura
Refund Check
Refund Check
Refund Check
Refund Check
Refund Check
Refund Check

Total for Check Number 17942:

Check
Amount

07/23/2026
7.56
21.08
512.68
15.84
17.52
25.32
600.00

Check No
17943

Vendor No
Invoice No
UB*06276

Vendor Name
Description
Gary Cook or Britney Young

Check Date
Reference
07/23/2026

Refund Check
Refund Check
Refund Check
Refund Check
Refund Check

0.02
0.01
0.04
0.01

Total for Check Number 17943:

17944

UB*06277

0.08

Kenneth Carlson or Carrie Carlson

07/23/2026

Refund Check

133.82

Total for Check Number 17944:

17945

UB*06274

133.82

RMC Group LLC or Reyes Ortega

07/23/2026

Refund Check

0.39

Total for Check Number 17945:

17946

UB*06272

0.39

Allied Pacific Property Management

07/23/2026

Refund Check
Refund Check
Refund Check
Refund Check

6.28
14.96
12.36
9.00

Total for Check Number 17946:

17947

UB*06284

42.60

Mason Eldridge

07/23/2026

Refund Check

277.64

Total for Check Number 17947:

17948

UB*06273

277.64

Luciel Gadson

07/23/2026

Refund Check

190.09

Total for Check Number 17948:

17949

UB*06281

190.09

Haskell Real Estate Inc

07/23/2026

Refund Check

42.52

Total for Check Number 17949:

17950

UB*06278

42.52

Roberta McRae

07/23/2026

Refund Check

100.48

Total for Check Number 17950:

17951

UB*06280

100.48

Cindy Mendoza

07/23/2026

Refund Check
Refund Check
Refund Check
Refund Check
Refund Check
Refund Check

7.49
14.41
9.47
5.41
4.69
13.57

Total for Check Number 17951:

17952

UB*06282

55.04

Tracey Munoz

07/23/2026

Refund Check

88.37

Total for Check Number 17952:

17953

88.37

AR-Paci1

Pacific Scene Homes/BCVWD

07222026
07222026

AR 13 Refund to Post to AR 79 for Reconciliation
AR 13 Refund to Post to AR 79 for Reconciliation

07/23/2026
27,803.51
12,714.37

Total for Check Number 17953:

17954

UB*06279

40,517.88

Helen Schumacher
Refund Check

Total for Check Number 17954:

Check
Amount

07/23/2026
25.00
25.00

Check No
17955

Vendor No
Invoice No
UB*06283

Vendor Name
Description
Rebecca Steiner

Check Date
Reference
07/23/2026

Refund Check
Refund Check
Refund Check
Refund Check
Refund Check
Refund Check

43.06
8.95
20.48
12.37
29.36
18.59

Total for Check Number 17955:

17956

UB*06271

132.81

Jorge Vargas

07/23/2026

Refund Check
Refund Check
Refund Check
Refund Check
Refund Check
Refund Check

2.96
1.50
4.09
3.57
5.12
6.14

Total for Check Number 17956:

17957

UB*06275

23.38

Jose Virgen Barba

07/23/2026

Refund Check

99.21

Total for Check Number 17957:

17958

99.21

10792

A-1 Financial Services

07202026

August 2026 Rent - 851 E. 6th St Eng Office

07/23/2026
2,996.00

Total for Check Number 17958:

17959

2,996.00

10144

Alsco Inc

LYUM1972436
LYUM1972438

Cleaning Mats/Air Fresheners 560 Magnolia Jul 2026
Cleaning Mats/Shop Towels 12th/Palm Jul 2026

07/23/2026
55.15
29.68

Total for Check Number 17959:

17960

84.83

10420

Amazon Capital Services, Inc.

1MC4-PGPD-XDVL
1MC4-PGPD-XDVL

White Board & Markers
Goggles & Cover Tear Offs - Painting with Airless Sprayer

07/23/2026
201.36
48.55

Total for Check Number 17960:

17961

249.91

10305

Beaumont Basin Watermaster

B-329

Dudek WM Task No 26-14

07/23/2026
2,952.00

Total for Check Number 17961:

17962

2,952.00

10822

Canon Financial Services, Inc

43361399
43361399

Meter Usage - 05/01-05/31/2026
Contract Charge - 06/01-06/30/2026 - 560 Magnolia

07/23/2026
471.32
450.03

Total for Check Number 17962:

17963

921.35

10351

Cherry Valley Nursery & Landscape Supply

T-0439793
T1-0446434

3/4" Grey Rock - NCRF Phase II Facility
3/4" Grey Rock - Restore 8940 Miravilla

07/23/2026
387.90
37.71

Total for Check Number 17963:

17964

425.61

11399

Conex Hub Inc

3803

40' Shipping Container

07/23/2026
5,818.50

Total for Check Number 17964:

17965

5,818.50

10340

County of Riverside

INV-00382679

2026 Annual Blanket Encroachment Permit - Cherry Valley

07/23/2026
2,000.00

Total for Check Number 17965:

17966

2,000.00

11364

Delta Motor Co., Inc.

26064

Well 1 Motor Repairs

Total for Check Number 17966:

Check
Amount

07/23/2026
8,070.38
8,070.38

Check No
17967

Vendor No
Invoice No
10942

Vendor Name
Description
Diamond Environmental Services LP

0007091192

Basin Handwash Station Rental - 39500 Brookside

Check Date
Reference
07/23/2026

158.29

Total for Check Number 17967:

17968

158.29

11230

Healthpointe Medical Group, Inc

631530-4900705

Employment Testing

07/23/2026
175.00

Total for Check Number 17968:

17969

175.00

10545

Itron, Inc

737968
737968

Temetra Portal 10,001-25,000 Endpoints Subscription - Aug 2026
Temetra Portal 10,001-25,000 Endpoints Sub - Sep 26 - July 27

07/23/2026
1,736.99
19,105.79

Total for Check Number 17969:

17970

20,842.78

11066

Thomas Lamont

6282-278131

Reimbursement - Wilson Starter

07/23/2026
104.39

Total for Check Number 17970:

17971

104.39

11100

Loomis Armored US, LLC

14013548

Armored Truck Services - Jul 2026

07/23/2026
423.15

Total for Check Number 17971:

17972

423.15

10400

Sylvia Molina

07012026
07012026

Transportation Reimb - GFOA Conf - S Molina 06/27-07/01/2026
Meals Reimb - GFOA Conf - S Molina 06/27-07/01/2026

07/23/2026
256.59
156.69

Total for Check Number 17972:

17973

Check
Amount

413.28

10143

Nobel Systems Inc

06092026
16385
16386
16387
16388
16389
16390
16391
16392
16393
16394
16395
16396
16397
16398
16399
16400
16401
16402
16403
16404
16405
16406
16407
16408
16409
16410
16411
16412

Water Audit Validation 2026
AR 833 - Oak Valley Parkway (Target)
AR 624 - Jack Rabbit Trail (Beaumont Pointe)
AR 726 - APN 402-200-020
AR 737 - APN 400-010-001
Tukwet Canyon Easement
Tract 31462 Phase 4 PRV Station Easement
AR 79 - APN 421-750-037
AR 314 - Tract 31470-6
AR 582 - Tract 31462 Phase 4 PRV Station
AR 748 - Tukwet Canyon Emergency Connection
AR 805 - Tract 31462-28
AR 802 - Tract 31462-17
AR 811 - Tract 31462-19
AR 803 - Tract 31462-19
AR 804 - Tract 31462-27
Tract 23571
Tentative Parcel Map No 35023
AR 421 - Tract 27971 NPW POC No.1
AR 589 - Tract 27971 NPW POC No.10
Noble Pipelines (2023-007)
B-Line Pipeline Replacement
NPW PRV Palmer 2024 Projects
AR 761 - APN 414-120-031 PM 31368
AR 762 - APN 414-120-025
AR 762 - PW - APN 414-120-025
AR 49 - APN 408-110-044
AR 481 - APN 405-120-005
AR 841 - APN 415-171-034

07/23/2026
2,500.00
320.00
320.00
320.00
320.00
320.00
320.00
320.00
1,920.00
320.00
320.00
1,280.00
960.00
320.00
1,280.00
1,280.00
2,560.00
1,280.00
320.00
320.00
960.00
960.00
640.00
320.00
320.00
320.00
320.00
320.00
320.00

Check No

Vendor No
Invoice No

Vendor Name
Description

16413
16414
16415
16416
16417
16418
16418
16419
16420
16421
16422
16423
16424

AR 836 - APN 415-171-035
AR 840 - APN 415-171-036
AR 780 - APN 419-020-065
Lot of 89 (APN 419-020-075) Tract No. 31468-3
APN 424-050-012
AR 778 - APN 407-190-013,-015
AR 779 - APN 407-190-013,-015
AR 791 - APN 419-170-034,-035
AR 624 - APN 420-060-002,-005,-009,-010,-016,-017,-018,-021,-022
Document 10060
Well 26 Cherry Chromium VI Interconnection Pipeline
AR 716 - Tract 31470-6 Service Connection
AR 701 - McClure Industrial

Check Date
Reference

320.00
320.00
320.00
320.00
320.00
160.00
160.00
320.00
320.00
320.00
640.00
320.00
320.00

Total for Check Number 17973:

17974

25,540.00

10573

O'Reilly Auto Parts

2678-368741

3 Sunshades - Unit 55, 56, 58

07/23/2026
71.08

Total for Check Number 17974:

17975

71.08

10990

Andy Ramirez

06262026
06262026
06262026B

Mileage Reimb - ACWA Region 8 Event - A Ramirez - 06/26/2026
Meal Reimb - ACWA Region 8 Event - A Ramirez - 06/26/2026
Meal Reimb - ACWA Region 8 Event - A Ramirez - 06/26/2026

07/23/2026
107.30
19.38
32.73

Total for Check Number 17975:

17976

159.41

10290

San Gorgonio Pass Water Agency

26-00331

1,448 AF @ $399 for June 2026

07/23/2026
577,752.00

Total for Check Number 17976:

17977

577,752.00

10668

Thomas Harder & Co

29

Hydrogeological Consulting Services - Well 2A

07/23/2026
41,419.70

Total for Check Number 17977:

17978

41,419.70

11190

Univar Solutions USA, Inc

53989256
54026031

(3) 275-Gal Tote Earthtec for Recharge Facility
(3) 275-Gal Tote Earthtec for Recharge Facility

07/23/2026
12,872.19
6,581.01

Total for Check Number 17978:

17979

19,453.20

10934

USAFact, Inc

2026060035

Pre-Employment Background Check

07/23/2026
33.13

Total for Check Number 17979:

17980

33.13

10385

Waterline Technologies, Inc. - PSOC

5805571

Chlorine - Well 23

07/23/2026
2,242.50

Total for Check Number 17980:

17981

2,242.50

10651

Weldors Supply and Steel, Inc

49926

Oxygen - Unit 51

07/23/2026
130.00

Total for Check Number 17981:

17982

130.00

10158

Wienhoff Drug Testing

139979

Random Drug Testing - Emp #208

Total for Check Number 17982:

Total for 7/23/2026:

Check
Amount

07/23/2026
18.25
18.25
1,063,458.02

Check No
ACH
ACH

Vendor No
Invoice No
10781
10292

Vendor Name
Description
Umpqua Bank
Association of California Water Agencies
ACWA Region 8 Event Refund - D Slawson
ACWA Region 8 Event Refund - D Slawson

ACH

10034

10052

10063
10116

ACH

10135

10224

ACH

10274

10409

10420

10432
10444

10546

10573
10588

ACH

10596

ACH

10623

ACH

10684

ACH

10692

59.25
400.00

Ubiquity Networks
UniFi Hosting

29.00

MMSoft Design
Network Monitoring Software Jun 2026
Network Monitoring Software Jun 2026

1,491.41
184.75

Innovative Document Solutions
Canon Image Runner 05/01-05/31/2026 Overage Charge
Toner - Canon Image Runner

10784

909.75

WP Engine
Web Host for BCVWD Website Jun 2026

ACH

53.85

Tractor Supply Co
Tool Rack - Unit 62

10696

384.99
736.83
598.47

Marriott Hotels
Hotel - CSDA 2026 Annual Conf - J Covington - 08/24-08/27/2026

ACH

100.00
130.00

O'Reilly Auto Parts
Wiper Blades - Unit 45

ACH

86.25

Frontier Communications
05/25-06/24/2026 Jun FIOS/FAX 851 E 6th Street
05/10-06/09/2026 May FIOS/FAX 12th/Palm
05/25-06/24/2026 Jun FIOS/FAX 560 Magnolia Ave

ACH

24.23
26.93
339.40
161.52

MISAC
Excellence in IT Award Application
Annual Membership Dues - R Rasha

ACH

19.36
87.35
38.73

Patton Sales Corp
1-1/4" CRD Round 10' - Forks for Tractors

ACH

890.00
890.00

Amazon Capital Services, Inc.
Alkaline Batteries
Wireless Keyboard
Translator Device
Toner - Postage Machine

ACH

25.00
25.00
25.00

Stater Bros
Ice - Heat Stress Safety
Drinks and Plates - Employee Retention
Ice - Heat Stress Safety

ACH

67.80

California Special Districts Association
CSDA 2026 Annual Conference - L Williams - 08/24-08/27/2026
CSDA 2026 Annual Conference - D Slawson - 08/24-08/27/2026

ACH

100.00

Beaumont Chamber of Commerce
Chamber Breakfast - Jul 2026 - D Hoffman
Chamber Breakfast - Jul 2026 - D Slawson
Chamber Breakfast - Aug 2026 - L Williams

10338

366.54
344.19
272.67
4,771.73

Legal Shield
Monthly Prepaid Legal for Employees Jun 2026

ACH

1,193.20

California Society of Municipal Finance Officers
Advanced Specialty Topic SBITA - W Clayton

ACH

427.09

Big Time Design
Uniforms - Customer Service Staff
Uniforms - Production Staff
Uniforms - Maintenance Staff
Uniforms - Transmission and Distribution Staff

10173

168.09
31.18

Verizon Wireless Services LLC
Cell Phone/iPad Charges for May 2026

ACH

11.50
584.00

The Record Gazette
Notice of Public Hearing - Urban Water Management Plan

ACH

-85.00
-130.00

Home Depot Credit Services
(4) Underlayment - 11th St Flooring
(2) Mason Chisels

ACH

Check
Amount

US Postal Service
Postage - Election Maps
Annual Post Office Box Fee

ACH

Check Date
Reference
07/24/2026

289.86
235.26

Autodesk, Inc
Auto CAD Software 851 E 6th St - Jun 2026
Auto CAD Software 851 E 6th St - Jun 2026

1,080.00
620.00

Check No
ACH

Vendor No
Invoice No
10790

Vendor Name
Description
Microsoft
Monthly Microsoft Office License - Jun 2026
Monthly Microsoft Office License - Jun 2026
Monthly Microsoft Office License - Jun 2026
Monthly Microsoft Office License - Jun 2026

ACH

10840
10892

ACH

10926

11010

ACH

11027

ACH

11169

ACH

11217

ACH

11240

ACH

11252

ACH

11258

ACH

11263

ACH

11280

ACH

11322

ACH

11332

ACH

11374

870.35
810.00
175.00

Mitsogo, Inc
Cyber Security - iPads - Jun 2026

11216

650.00

Space Exploration Technologies Corp
Back Up Internet - Jul 2026
Back Up Internet - Jul 2026

ACH

3,418.77

Urban Water Institute, Inc
UWI Conference Registration - A Ramirez - 08/19-08/21/2026

11193

148.21
282.13
203.90
172.59
67.51
160.68
107.04
81.97
138.57
88.30

Water ISAC
Annual Membership Dues - R Rasha - 06/23-06/24/2027

ACH

219.89

Nextiva, Inc.
Monthly Phone Service Jun 2026

ACH

66.14

SSD Alarm
Alarm Equip/Rent/Service/Monitor - 39500 Brookside Ave
Alarm Equip/Rent/Service/Monitor - 560 Magnolia
Alarm Equip/Rent/Service/Monitor - 560 Magnolia
Alarm Equip/Rent/Service/Monitor - 39500 Brookside Ave
Alarm Equip/Rent/Service/Monitor - 815 12th St
Alarm Equip/Rent/Service/Monitor - 560 Magnolia
Alarm Equip/Rent/Service/Monitor - 851 E. 6th St
Alarm Equip/Rent/Service/Monitor - 11083 Cherry
Alarm Equip/Rent/Service/Monitor - 815 12th St
Access Control Services - 39500 Brookside Ave

10978

1,257.33
15.00
16.40
450.00

Zoom Video Communications, Inc.
(10) Video Conference - Jul 2026

ACH

Check
Amount

Primo Brands Ready Fresh (Arrowhead)
Water - 05/23-06/22/2026 - 851 E 6th St

ACH

Check Date
Reference

108.00

DNS Filter
Monthly Spam Filter - Jun 2026

225.00

Family Dollar
Table Covers - Employee Retention

25.86

Adobe
Acrobat Pro Subscription July 2026

757.69

OpenAI, LLC
ChatGPT Subscription - Jun 2026

325.00

Otter.ai, Inc.
Otter Business Subscription - 06/04-07/04/2026

150.00

CBPELSG
Biennial Renewal - Civil Engineer - M Swanson

180.00

Constant Contact
Communication Subscription 05/05-06/04/2026

351.00

Blanks USA
Door Hangers

81.97

Filemail
Filemail Business Subscription - Refund Pending

918.00

Walk N Wear
Uniforms - Field Staff
Uniforms - Customer Service
Uniforms - Maintenance
Uniforms - Field Staff

339.32
113.10
113.30
1,470.17

Check No
ACH

Vendor No
Invoice No
11375

ACH

11384

ACH

11392

ACH

11396

ACH

11397

Vendor Name
Description
Enercalc

Check Date
Reference

Enercalc License - Engineering

199.00

Anthropic, PBC
AI Technology Licensure

125.00

CSI Inspection Services
6th St & Veile Ave Office Inspection

1,200.00

National Notary Association
CA Notary Renewal Package - W Clayton

680.18

Pasadena Hotel & Pool
Hotel - ACWA Region 8 Event - A Ramirez - 06/25-06/26/2026
Parking - ACWA Region 8 Event - A Ramirez - 06/25-06/26/2026

ACH

11398

Check
Amount

331.13
32.00

United States Contractors Supply
Pipe Saw

430.98

Total for this ACH Check for Vendor 10781:

35,621.66

Total for 7/24/2026:

35,621.66

17983

UB*06285

Rosa Galarza or Daniel Galarza

07/28/2026

Refund Check
Refund Check
Refund Check
Refund Check
Refund Check

22.24
14.84
8.54
21.28
98.55

Total for Check Number 17983:

17984

165.45

10319

ACWA Joint Powers Insurance Authority

07202026
07202026
07202026
07202026
07202026
07202026
07202026
07202026
07202026
07202026
07202026
07202026

2025/2026 4th Qtr Finance WC Calculation Adj
2025/2026 4th Qtr Customer Service WC Calculation Adj
2025/2026 4th Qtr Workers Comp
2025/2026 4th Qtr HR WC Calculation Adj
2025/2026 4th Qtr Operations WC Calculation Adj
2025/2026 4th Qtr Operations WC Calculation Adj
2025/2026 4th Qtr Operations WC Calculation Adj
2025/2026 4th Qtr IT WC Calculation Adj
2025/2026 4th Qtr Board WC Calculation Adj
2025/2026 4th Qtr Engineering WC Calculation Adj
2025/2026 4th Qtr Operations WC Calculation Adj
2025/2026 4th Qtr Operations WC Calculation Adj

07/28/2026
0.94
0.24
20,414.34
0.08
0.12
0.07
1.18
0.12
0.04
0.80
0.34
0.10

Total for Check Number 17984:

17985

20,418.37

10398

Infosend, Inc

312526
312526
312527

Jun 2026 Supply Charges for Utility Billing
Jun 2026 Processing Charges for Utility Billing
Jun 2026 Postage Charges for Utility Billing

07/28/2026
750.77
938.57
5,775.21

Total for Check Number 17985:

17986

7,464.55

10290

San Gorgonio Pass Water Agency

26-00332

2,000 AF @ $399 for June 2026 - Transfer from SGPWA Storage Acct

07/28/2026
798,000.00

Total for Check Number 17986:

798,000.00

Total for 7/28/2026:

826,048.37

Report Total (169 checks):

AP Checks by Date - Detail by Check Date (7/30/2026 12:52 PM)

2,782,001.48

Page 24

Beaumont-Cherry Valley Water District
Board of Directors Regular Meeting
August 12, 2026

Item 3d

STAFF REPORT
TO:

Board of Directors

FROM:

Dan Jaggers, General Manager

SUBJECT:

Approval of Pending Invoices

Staff Recommendation
Approve the pending invoices totaling $4,688.00.
Background
Staff has reviewed the pending invoices and found the services rendered were acceptable to the
District.
Fiscal Impact
There is a $4,688.00 impact to the District which will be paid from the 2026 budget.
Attachment(s)
1. Richards Watson Gershon Invoice #259720

Staff Report prepared by William Clayton, Finance Manager

DAN JAGGERS, GENERAL MANAGER
BEAUMONT- CHERRY VALLEY WATER DISTRICT
560 MAGNOLIA AVENUE
BEAUMONT, CA 92223-2258

Invoice Date:
Invoice Num.:
Matter Number:

July 28, 2026
259720

GENERAL COUNSEL SERVICES
For professional services rendered through June 30, 2026

Fees

4,688.00

Costs

0.00

Total Amount Due

$4,688.00

H

BEAUMONT-CHERRY VALLEY WATER DISTRICT
560 Magnolia Avenue, Beaumont, CA 92223
MINUTES OF REGULAR MEETING – ENGINEERING WORKSHOP
OF THE BOARD OF DIRECTORS
Thursday, June 25, 2026 at 6:00 p.m.
Meeting held at 560 Magnolia Ave., Beaumont, CA
pursuant to California Government Code Section 54950 et. seq.
Call to Order: President Williams opened the meeting at 6:00 p.m.
Pledge of Allegiance was led by President Williams.
Invocation was given by Director Ramirez.
Roll Call:
Directors present:
Directors absent:
Staff present:

Legal Counsel

Covington, Hoffman, Ramirez, Slawson, Williams
None
General Manager Dan Jaggers
Director of Engineering Mark Swanson
Director of Finance and Administration Sylvia Molina
Director of IT and Cybersecurity Robert Rasha
Human Resources and Risk Manager Ren Berioso
Finance Manager William Clayton
Associate Civil Engineer I Evan Ward
Engineering Assistant Khalid Sebai
Water Utility Superintendent Julian Herrera
Executive Assistant Lynda Kerney
James Markman

Members of the public who registered their attendance or appeared online: Michael
Miller, Gwyn-Mohr Tully, Galen Davis, Lance Eckhart, Emmett Campbell, Susan
Urero, Lisa Manka, Philip Stien, Ricardo Flores, Evelyn Morentin-Barcena, and David
Hendryx.
Public Comment: None.
1. Adjustments to the Agenda: None.
2. Reports / Presentations / Information Items
The Board received and filed the following reports:
a) Annual Disclosure (California Government Code Section 66013(d)), Fiscal Year
2025 Capacity Charges
b) California Society of Municipal Finance Officers (CSMFO) Operating Budget
Excellence Award for the FY 2026 Operating Budget
c) Notice to the Registrar of Voters – General District Election
by the following roll-call vote:

BCVWD BOARD OF DIRECTORS MINUTES – REGULAR MEETING 2026-06-25

PAGE 1 OF 9

MOVED: Covington
AYES:
NOES:
ABSTAIN:
ABSENT:

SECONDED: Hoffman
APPROVED 5-0
Covington, Hoffman, Ramirez, Slawson, Williams
None
None
None

3. Consent Calendar
The Board approved the Consent Calendar items with one motion:
a. Review of the April 2026 Budget Variance Reports
b. Review of the April 30, 2026 Cash/Investment Balance Report
c. Review of Check Register for the Month of May 2026
d. Approval of May 2026 Invoices
e. Minutes of the Regular Meeting of May 13, 2026
f. Minutes of the Regular Meeting of May 28, 2026
g. Letter of Support for San Gorgonio Pass Water Agency Grant Application
by the following roll-call vote:
MOVED: Slawson
AYES:
NOES:
ABSTAIN:
ABSENT:

SECONDED: Covington
APPROVED 5-0
Covington, Hoffman, Ramirez, Slawson, Williams
None
None
None

4. Public Hearing
a. Resolution 2026-17: Adopting the 2025 San Gorgonio Pass Regional
Urban Water Management Plan
b. Resolution 2026-18: Adopting the Beaumont-Cherry Valley Water District
Water Shortage Contingency Plan
Director of Engineering Mark Swanson introduced the draft Regional Urban Water
Management Plan (RUWMP), explaining that State law requires adoption every five
years and submission to the Department of Water Resources (DWR) by July 1, 2026.
He noted that the District collaborated with the San Gorgonio Pass Water Agency
(SGPWA) and consultant Zanjero Group to prepare the region's first RUWMP. Zanjero
representatives Galen Davis and Gwyn-Mohr Tully presented an overview of the plan,
explaining that the document consists of regional chapters shared by participating
agencies, together with individual chapters satisfying each agency's statutory
requirements. The presentation summarized projected population growth, regional
and local water supplies, groundwater banking, Edgar Canyon surface water rights,
projected demands, and long-term water supply reliability. The consultants
emphasized that the plan demonstrates the District's ability to meet projected
demands through 2050 by combining imported water, local groundwater production,
conjunctive use, and managed groundwater storage.
During the presentation, Director Ramirez asked whether projected increases in stored
groundwater for neighboring agencies reflected verified storage capacity or
assumptions. Mr. Davis explained the figures were derived directly from Beaumont
Basin Watermaster reports. Director Covington questioned the reported water use for
smaller retail agencies and noted apparent inconsistencies with groundwater
BCVWD BOARD OF DIRECTORS MINUTES – REGULAR MEETING 2026-06-25

PAGE 2 OF 9

sustainability reporting. Mr. Davis responded that the figures were based on available
data obtained from the smaller agencies and other regional sources and offered to
review the underlying information. Director Covington also questioned why projected
supplies generally paralleled projected demands. Mr. Davis, General Manager Dan
Jaggers, and Mr. Tully explained that the tables were intended to demonstrate the
District's ability to satisfy projected demands rather than quantify all available water
supplies. They described the District's conjunctive use strategy, including imported
water purchases, groundwater banking within the Beaumont Basin and other storage
programs, and management of stored supplies during wet and dry years. General
Manager Jaggers further illustrated how groundwater storage has increased over time
through coordinated regional management and emphasized that additional stored
supplies provide flexibility beyond the demand projections reflected in the plan.
Mr. Swanson then highlighted a proposed narrative clarification to the Urban Water
Management Plan regarding potable and non-potable water reporting. He explained
that approximately 800 acre-feet of irrigation demand currently supplied through
interconnected potable facilities is reported as potable water because portions of the
recycled water distribution system have not yet been completed. As additional
infrastructure is constructed, those demands are expected to transition to the nonpotable system. Staff recommended adding explanatory language to clarify the
reported figures without changing the underlying data.
Discussion then focused on the proposed Water Shortage Contingency Plan. Director
Covington requested a more detailed explanation of the plan, noting that the Board
relies upon the document when considering drought response measures. Mr. Tully
explained that the plan serves as the District's framework for responding to water
shortages, ranging from voluntary conservation through mandatory restrictions and
emergency health-and-safety measures, depending upon local conditions or State
directives. Mr. Swanson and General Manager Jaggers reviewed the six shortage
stages, explaining the associated supply conditions, conservation targets, and
examples of response measures available to the Board, including expanded public
outreach, water use audits, irrigation restrictions, encouragement of use of nonpotable construction water, HOA outreach, drought surcharges, limitations on
construction water use, and progressively stricter mandatory reductions during severe
shortages. Staff emphasized that the plan provides guidance rather than automatic
requirements and that any future implementation would return to the Board for public
discussion and consideration based on then-current water supply conditions. Director
Ramirez observed that the document appropriately emphasized the State's "Making
Conservation a California Way of Life" initiative. Director Covington thanked staff for
providing the additional explanation, stating it would assist both the Board and the
public in understanding the document before adoption.
President Williams opened the public hearing at 7:15 p.m. Recording Secretary Lynda
Kerney reported that no written or oral comments had been received prior to the
hearing.
Public Comment
SGPWA General Manager Lance Eckhart expressed support for the regional planning
effort and noted that the joint document promotes consistent long-range water supply
planning throughout the region. He observed that Urban Water Management Plans
are compliance documents intended to demonstrate long-term water reliability and
stated that the collaborative regional approach strengthens future water supply
planning.
BCVWD BOARD OF DIRECTORS MINUTES – REGULAR MEETING 2026-06-25

PAGE 3 OF 9

General Manager Jaggers reported that, unlike the prior Urban Water Management
Plan update, the City of Beaumont had submitted no comments on the current plan.
President Williams closed the public hearing at 7:20 p.m.
The Board took the following actions:
Adopted Resolution No. 2026-17 adopting the 2025 San Gorgonio
Pass Regional Urban Water Management Plan, including Chapter 7
constituting the Beaumont-Cherry Valley Water District's Urban Water
Management Plan, as presented with staff’s proposed additions, by the
following roll-call vote:
MOVED: Slawson
AYES:
NOES:
ABSTAIN:
ABSENT:

SECONDED: Ramirez
APPROVED 5-0
Covington, Hoffman, Ramirez, Slawson, Williams
None
None
None

Authorized the General Manager to file the adopted 2025 Regional
Urban Water Management Plan with the California Department of
Water Resources, California State Library, and other agencies as
required by law by the following roll-call vote:
MOVED: Slawson
AYES:
NOES:
ABSTAIN:
ABSENT:

SECONDED: Ramirez
APPROVED 5-0
Covington, Hoffman, Ramirez, Slawson, Williams
None
None
None

Adopted Resolution No. 2026-18 adopting the Beaumont-Cherry Valley
Water District Water Shortage Contingency Plan as contained within
Chapter 7 of the 2025 Regional Urban Water Management Plan, as
presented, by the following roll-call vote:
MOVED: Slawson
AYES:
NOES:
ABSTAIN:
ABSENT:

SECONDED: Ramirez
APPROVED 5-0
Covington, Hoffman, Ramirez, Slawson, Williams
None
None
None

Authorized the General Manager to take such actions as necessary to
implement and administer the 2025 Urban Water Management Plan
and Water Shortage Contingency Plan by the following roll-call vote:
MOVED: Slawson
AYES:
NOES:
ABSTAIN:
ABSENT:

SECONDED: Ramirez
APPROVED 5-0
Covington, Hoffman, Ramirez, Slawson, Williams
None
None
None

BCVWD BOARD OF DIRECTORS MINUTES – REGULAR MEETING 2026-06-25

PAGE 4 OF 9

7:24 p.m. – Director Ramirez exited the meeting
5. Resolution 2026-19 Adopting the 2026-2027 Annual Water Supply and Demand
Assessment
Director of Engineering Mark Swanson reminded the Board that the draft Annual Water
Supply and Demand Assessment had been presented at the June 10, 2026 meeting.
He explained that the annual assessment compares projected potable and nonpotable demands with available supplies and must be submitted to the State by July
1. Based on historical consumption, anticipated growth, and available local and
imported supplies, staff projected approximately 14,000 acre-feet of total demand for
July 2026 through June 2027. Available supplies were projected to meet that demand,
with an estimated potable surplus of approximately 120 acre-feet. Mr. Swanson also
noted a minor correction to a footnote in the document, changing a reference from
Attachment 1 to Attachment 2.
General Manager Dan Jaggers explained that staff used a conservative demand
projection because annual water use can vary significantly with weather conditions.
He noted that actual District demand has generally remained relatively stable in recent
years, but a hot, dry year could increase consumption. Staff therefore preferred to
project somewhat higher demand and demonstrate that sufficient supplies would
remain available. Mr. Swanson added that the prior year's forecast was reasonably
close to actual demand, supporting the methodology used for the current assessment.
The Board adopted Resolution 2026-19 adopting the 2026-2027
Annual Water Supply and Demand Assessment by the following rollcall vote:
MOVED: Covington
AYES:
NOES:
ABSTAIN:
ABSENT:

SECONDED: Hoffman
APPROVED 4-0
Covington, Hoffman, Slawson, Williams
None
None
Ramirez

6. 2025 External Audit and Draft Annual Comprehensive Financial Report
Finance Manager William Clayton presented the District's 2025 External Audit and
Final Annual Comprehensive Financial Report (ACFR). He reported that the District
again received an unmodified (clean) audit opinion, with no material weaknesses,
significant deficiencies in internal controls, or instances of noncompliance identified.
He further noted that the District remained in a strong financial position with an
increase in net position during 2025 and continued sound fiscal management. Mr.
Clayton stated the District intended to submit the 2025 ACFR for the Government
Finance Officers Association Certificate of Achievement for Excellence in Financial
Reporting, which, if awarded, would represent the District's ninth consecutive year of
recognition.
Evelyn Morentin Barcena, Audit Manager with Rogers, Anderson, Malody & Scott, LLP
(RAMS) explained the audit process and commended the Finance Department for its
preparation, organization, and professionalism throughout the audit process.

BCVWD BOARD OF DIRECTORS MINUTES – REGULAR MEETING 2026-06-25

PAGE 5 OF 9

In response to Director Covington, Finance and Audit Committee Chair Hoffman
confirmed that the Committee had conducted a detailed review. He commended staff
for maintaining accurate financial records, adhering to the adopted budget, and
carefully monitoring expenditures throughout the year. President Williams noted the
Finance Department's diligence and preparedness, and the importance of maintaining
the District's strong financial condition. General Manager Jaggers thanked District staff
for maintaining a high level of financial accountability and internal controls, observing
that the District's financial management practices have continued to strengthen over
the years through the collective efforts of staff.
The Board received and filed the independent auditors' unmodified
(clean) opinion on the Beaumont-Cherry Valley Water District's
financial statements for the year ended December 31, 2025, as
presented in the Final December 31, 2025, Annual Comprehensive
Financial Report by the following roll-call vote:
MOVED: Hoffman
AYES:
NOES:
ABSTAIN:
ABSENT:

SECONDED: Slawson
APPROVED 4-0
Covington, Hoffman, Slawson, Williams
None
None
Ramirez

7. California Special Districts Association (CSDA) 2026 Board Elections: Vote to
Elect a Representative to the CSDA Board of Directors in the Southern Network
for Seat C
The Board cast a vote for Melinda Sedmak to the California Special
District Association Board of Directors in the Southern Network for Seat
C by the following roll-call vote:
MOVED: Slawson
AYES:
NOES:
ABSTAIN:
ABSENT:

SECONDED: Covington
APPROVED 4-0
Covington, Hoffman, Slawson, Williams
None
None
Ramirez

8. Resolution 2026-20: Acceptance of an Easement from the Fairway Canyon
Community Association and Meritage Homes of California for a Pipeline
Alignment Between Fairway Canyon Development and Oak Valley Parkway on
APNs 422-370-020, 422-370-021, and 413-790-050
Mr. Swanson proposed acceptance of easements associated with the final Phase 4C
of the Fairway Canyon development. He explained that the District had completed
construction of a non-potable pipeline serving Phase 4C, with the remaining work
consisting of securing permanent easements necessary to operate and maintain
facilities located outside the public right-of-way. Swanson reviewed the pipeline
alignment extending through parcels owned by Meritage Homes and the Fairway
Canyon Community Association before connecting to an existing easement across the
Tukwet Canyon Golf Course property. He explained that the proposed easements
would provide the District with a continuous corridor for access, operation,
maintenance, and future replacement of the pipeline.
BCVWD BOARD OF DIRECTORS MINUTES – REGULAR MEETING 2026-06-25

PAGE 6 OF 9

Mr. Swanson advised that separate easements had been prepared by Meritage
Homes and the Fairway Canyon Community Association and noted that developer
representative David Hendryx was present at the meeting. He explained that adoption
would complete the documentation necessary for the District to assume ownership
and long-term responsibility for the pipeline facilities.
The Board adopted Resolution 2026-20 approving, authorizing, and
directing the General Manager to accept a Grant of Easement from the
Fairway Canyon Community Association and Meritage Homes of
California for District facilities associated with a Pipeline Alignment
located between the Fairway Canyon Development and Oak Valley
Parkway (APNs 422-370-020, 422-370-021, and 413-790-050) by the
following roll-call vote:
MOVED: Slawson
AYES:
NOES:
ABSTAIN:
ABSENT:

SECONDED: Hoffman
APPROVED 4-0
Covington, Hoffman, Slawson, Williams
None
None
Ramirez

9. Request for Extension of Will-Serve Letter for an Expansion to the Existing
Church Located on Riverside County Assessor’s Parcel Number (APN) 408-070012 on the Southeast Corner of Brookside Ave and Orchard Heights Avenue
7:54 p.m. - Director Covington recused himself and exited the room.
Mr. Swanson presented a request to extend the previously approved Will-Serve Letter
(WSL) for the proposed expansion of the existing Calvary Chapel church. He explained
that the original WSL, approved on July 10, 2024, had expired while the applicant
continued project planning and coordination. Swanson reported that the proposed
development remained substantially consistent with the previously approved project,
with a net increase of approximately 2.5 Equivalent Dwelling Units, primarily
attributable to irrigation demand. Consistent with current District standards, the project
would be required to install a separate irrigation meter, while the existing meter could
continue serving the domestic and fire protection demands.
The project architect, Philip Stien, thanked the District for its continued consideration
of the project. He stated that, although the expansion would significantly increase
building square footage, the increase in water demand remained comparatively
modest due to the project's use of drought-tolerant landscaping, hardscape features,
and limited turf areas.
The Board approved the extension of the existing Will-Serve Letter for
the proposed expansion to the Calvary Chapel church located on APN
408-070-012 subject to payment of all deposits and fees to the District
and securing all approvals from the City of Beaumont by the following
roll-call vote:

BCVWD BOARD OF DIRECTORS MINUTES – REGULAR MEETING 2026-06-25

PAGE 7 OF 9

MOVED: Hoffman
AYES:
NOES:
ABSTAIN:
ABSENT:

SECONDED: Slawson
APPROVED 3-0
Hoffman, Slawson, Williams
None
None
Covington, Ramirez

7:59 p.m. - Director Covington returned to the room.
10. Request for Extension of Will-Serve Letter for a Single-Family Residence located
on Pennsylvania Avenue (APN 415-091-011) North of Antonell Court and South
of Thirteenth Street
Mr. Swanson presented a request to extend the previously approved Will-Serve Letter
(WSL) for the construction of a single-family residence on Pennsylvania Avenue. He
explained that the original WSL, approved in May 2024, had expired and that the
property had since changed ownership. Although the project remained substantially
the same, staff brought the request before the Board so that a new one-year WSL
could be issued in the name of the current property owner. Swanson advised that the
property is currently unimproved with no existing water service or meter and that the
applicant would be responsible for paying all applicable frontage, capacity, service,
and related fees. He further noted that the residence would be served from the existing
10-inch 2750 Pressure Zone water main in Pennsylvania Avenue.
The applicant, Ricardo Flores, inquired about the next steps and Swanson explained
that District staff would provide a letter outlining the required fees, deposits, and
application materials needed to establish water service, after which the meter
application process would proceed.
The Board approved the extension of the existing Will-Serve Letter for
the proposed single-family residence at APN 415-091-011 within the
City of Beaumont, subject to payment of all deposits and fees to the
District and securing all approvals from the City of Beaumont by the
following roll-call vote:
MOVED: Hoffman
AYES:
NOES:
ABSTAIN:
ABSENT:

SECONDED: Slawson
APPROVED 4-0
Covington, Hoffman, Slawson, Williams
None
None
Ramirez

11. Topic List for Future Meetings:
Item requested

Date of request

Requester
Covington

1

Update on Grand Avenue pipeline project (July)

1/22/26

2

Legal Counsel update on SGMA activities

3/11/26

BCVWD BOARD OF DIRECTORS MINUTES – REGULAR MEETING 2026-06-25

PAGE 8 OF 9

12. Announcements
President Williams called attention to the following announcements:
x Finance & Audit Committee meeting: Wednesday, Jul. 1 at 3:00 p.m. (note date
change due to holiday)
x District offices will be closed in observance of Independence Day: Thurs., Jul. 2
x Regular Board Meeting: Wednesday, Jul. 8 at 6:00 p.m.
x Board Training Sessions: Thursday, Jul. 9 and Friday, Jul. 10
x Personnel Committee: Tuesday, Jul. 21 at 4:30 p.m.
x Engineering Workshop: Thursday, Jul. 23 at 6:00 p.m.
x Beaumont Basin Watermaster Committee: Wednesday, Aug. 5 at 11:00 a.m.
x Collaborative Agencies meeting: Wednesday, Aug. 5 at 5:00 p.m.
x San Gorgonio Pass Regional Water Alliance: Wednesday, Sept. 23 at 5:00 p.m.
13. Recessed to Closed Session: 8:04 p.m.
Recording Secretary Lynda Kerney announced the following Closed Session items:
a. CONFERENCE WITH REAL PROPERTY NEGOTIATORS
Pursuant to California Government Code Section 54956.8
Property: APNs 407-170-008 and 407-170-029
Agency Negotiator: Dan Jaggers, General Manager
Under Negotiation: Price and terms of payment
b. CONFERENCE WITH REAL PROPERTY NEGOTIATORS
Pursuant to California Government Code Section 54956.8
Property: APN 407-150-016
Agency Negotiator: Dan Jaggers, General Manager
Under Negotiation: Price and terms of payment
Reconvene in Open Session: 8:20 p.m.
14. Report on Action Taken During Closed Session
President Williams noted that Director Hoffman had exited the meeting at 8:04 p.m.
and announced there was no reportable action taken in Closed Session.

15. Adjournment
President Williams adjourned the meeting at 8:20 p.m.
ATTEST:
DRAFT UNTIL APPROVED

DRAFT UNTIL APPROVED

__________________________________

________________________________

Director Lona Williams, President
to the Board of Directors of the
Beaumont-Cherry Valley Water District

Director David Hoffman, Secretary
to the Board of Directors of the
Beaumont-Cherry Valley Water District

BCVWD BOARD OF DIRECTORS MINUTES – REGULAR MEETING 2026-06-25

PAGE 9 OF 9

I

BEAUMONT-CHERRY VALLEY WATER DISTRICT
560 Magnolia Avenue, Beaumont, CA 92223
MINUTES OF REGULAR MEETING
OF THE BOARD OF DIRECTORS
Wednesday, July 8, 2026 at 6:00 p.m.
Meeting held in person at 560 Magnolia Ave., Beaumont, CA
pursuant to California Government Code Section 54950 et. seq.
Call to Order: President Williams opened the meeting at 6:00 p.m.
Pledge of Allegiance was led by Director Ramirez.
Invocation was given by Director Slawson.
Roll Call:
Directors present:
Directors absent:
Staff present:

Legal Counsel

Covington (6:36 p.m.), Hoffman, Ramirez, Slawson, Williams
None
General Manager Dan Jaggers
Director of Finance and Administration Sylvia Molina
Director of IT and Cybersecurity Robert Rasha
Director of Operations James Bean
Human Resources and Risk Manager Ren Berioso
Management Analyst II Erica Gonzales
Associate Civil Engineer I Evan Ward
Engineering Assistant Khalid Sebai
Development Services Technician Lillian Medellin Tienda
Water Utility Superintendent Julian Herrera
Water Utility Worker II Luis Lomeli
Executive Assistant Lynda Kerney
Steven Flower

Members of the public who registered attendance: Joyce McInitre, Maya Aziz, Sarah Wargo,
Michael Miller, David Hendryx.
Public Comment:
BCVWD Employee Association representative Luis Lomeli thanked the Board, the
Association, General Manager Dan Jaggers, and the negotiating team for their efforts during
the memorandum of understanding negotiations, expressing support for proposals intended
to promote the District's competitiveness, employee retention, and workforce morale.
1. Adjustments to the Agenda: Pursuant to Government Code Section 54954.2 the Board
made a determination that there is an immediate need to take action and that the need
arose after the posting of the agenda, and authorized placement of an urgency item on
the agenda:

BCVWD BOARD OF DIRECTORS MINUTES – REGULAR MEETING 2026-07-08

PAGE 1 OF 12

Closed Session item 15d:
CONFERENCE WITH LEGAL COUNSEL – ANTICIPATED LITIGATION
Pursuant to Government Code Section 54956.9(d)(2)
Based on a statement by Mr. Russell Perna
by the following roll-call vote:
MOVED: Slawson
AYES:
NOES:
ABSTAIN:
ABSENT:

SECONDED: Hoffman
APPROVED 4-0
Hoffman, Ramirez, Slawson, Williams
None
None
Covington

2. Reports / Presentations / Information Items
The Board received and filed the following reports:
a) American Heart Association (AHA) Well-being Works Better™ Gold Recognition
– 2026
b) Cost and Benefit Comparison: CalPERS Health vs. ACWA JPIA Medical
Programs
c) Legislative Action and Issues Update
by the following roll-call vote:
MOVED: Ramirez
AYES:
NOES:
ABSTAIN:
ABSENT:

SECONDED: Slawson
APPROVED 4-0
Hoffman, Ramirez, Slawson, Williams
None
None
Covington

3. Consent Calendar
The Board approved the Consent Calendar items with one motion:
a. Review of the May 2026 Budget Variance Reports
b. Review of the May 31, 2026 Cash and Investment Balance Report
c. Review of Check Register for the Month of June 2026
d. Review of June 2026 Invoices Pending Approval
e. Minutes of the Regular Meeting of June 10, 2026
by the following roll-call vote:
MOVED: Hoffman
AYES:
NOES:
ABSTAIN:
ABSENT:

SECONDED: Slawson
APPROVED 4-0
Hoffman, Ramirez, Slawson, Williams
None
None
Covington

4. Resolution 2026-21: Amending the District’s Policies and Procedures Manual: 3150
District Vehicle Usage
Human Resources and Risk Manager Ren Berioso presented the proposed revisions. He
explained that the amendment adds a new section addressing employee tax liability
associated with District vehicles authorized for take-home use during standby or on-call
BCVWD BOARD OF DIRECTORS MINUTES – REGULAR MEETING 2026-07-08

PAGE 2 OF 12

assignments. Mr. Berioso stated that the revision incorporates provisions already
contained in the Memorandum of Understanding, aligns the policy with Internal Revenue
Service regulations, and clarifies that employees are responsible for any applicable taxes
associated with the commuting benefit. The revision has no fiscal impact to the District.
Director Hoffman requested clarification regarding the type of taxes addressed by the
policy and how they are administered. Berioso explained that the commuting benefit is
treated as a taxable fringe benefit, with the corresponding tax liability borne by the
employee. President Williams asked whether the provision applied only to standby and
on-call assignments rather than other District business travel. Berioso confirmed that the
policy amendment applies only to employees authorized to take District vehicles home
during standby or on-call assignments, while tax provisions applicable to other positions
are addressed separately through employment agreements.
The Board adopted Resolution 2026-21 Amending the District’s Policies and
Procedures Manual: Policy 3150 District Vehicle Usage by the following rollcall vote:
MOVED: Slawson
AYES:
NOES:
ABSTAIN:
ABSENT:

SECONDED: Hoffman
APPROVED 4-0
Hoffman, Ramirez, Slawson, Williams
None
None
Covington

5. Request for Will-Serve Letter for Proposed Commercial Development ("Gyro
Factory") Located on APN 418-290-022 at the Southwest Corner of First Street and
Highway 79 within the City of Beaumont
Associate Civil Engineer Evan Ward presented a request for a Will-Serve Letter for the
proposed Gyro Factory, an approximately 960-square-foot drive-through restaurant within
the Beaumont Gateway Plaza commercial development. He explained that the project
requires domestic, landscape irrigation, and fire water service, with an estimated total
water demand of approximately 1,543 gallons per day, or 3.5 Equivalent Dwelling Units.
Mr. Ward advised that the site is served by existing potable and non-potable water mains
within First Street and that the applicant would be required to demonstrate the adequacy
of an existing 10-inch service connection or construct any additional improvements
necessary to provide service.
The Board approved the request and authorized issuance of a Will-Serve
Letter for the proposed commercial development located on APN 418-290-022,
subject to payment of all applicable District deposits and fees and securing all
required approvals from the City of Beaumont by the following roll-call vote:
MOVED: Hoffman
AYES:
NOES:
ABSTAIN:
ABSENT:

SECONDED: Ramirez
APPROVED 4-0
Hoffman, Ramirez, Slawson, Williams
None
None
Covington

BCVWD BOARD OF DIRECTORS MINUTES – REGULAR MEETING 2026-07-08

PAGE 3 OF 12

6. Beaumont Pointe: Proposed 2800 – 2600 Non-Potable Pressure Reducing Valve
Station and Potential Cost-Sharing Concept (APN 400-152-007)
Associate Civil Engineer Evan Ward presented the proposed 2800–2600 non-potable
pressure reducing valve (PRV) station and a potential cost-sharing concept associated with
the Beaumont Pointe development. He explained that the developer had requested
temporary non-potable construction grading water and that staff had identified the proposed
PRV station as a critical infrastructure improvement that would establish an independent nonpotable supply to the District's 2600 and ultimately the 2400 pressure zones, reducing reliance
on the potable water system. Mr. Ward stated that the facility would provide long-term benefits
to the District's recycled water system, had been identified in the District's Capital
Improvement Budget, and that staff anticipated returning to the Board with a formal
reimbursement agreement and final project costs should the project proceed. The proposed
PRV station would be constructed on a City of Beaumont-owned parcel in the southwest
portion of the District, south of Interstate 10 and generally west of Potrero Boulevard, subject
to obtaining the necessary easement from the City.
Director Hoffman asked what long-term benefits the District would receive that would justify
reimbursing a portion of the project costs. General Manager Jaggers explained that the
proposed pressure reducing valve station had already been identified as a planned capital
improvement and would advance the District's long-term non-potable water master plan while
supporting Beaumont Pointe's construction needs. Director Slawson then asked whether the
facility would benefit areas beyond the Beaumont Pointe development, including the
southwest portion of the District near Amazon. Mr. Jaggers explained that the project would
complete an important segment of the District's non-potable distribution system by connecting
to the booster station constructed the previous year, allowing recycled water to be conveyed
throughout the southwest service area and reducing reliance on the potable system, including
avoiding movement of chromium-6-affected potable water to meet demands in that area.
Director Ramirez asked whether Beaumont Pointe had already paid development impact fees
applicable to the project and requested that the future staff report clearly identify the
development impact fees collected, the applicable funding source, and how those funds would
support the proposed cost-sharing arrangement. Mr. Jaggers explained that while Beaumont
Pointe had not yet paid development impact fees because the project remained in its early
phases, the District had previously collected fees for this type of infrastructure from other
development in the area. He stated that the future reimbursement agreement would identify
the estimated project costs, funding proportions, reimbursement methodology, and proposed
funding source.
Following discussion, the Board provided direction to staff to return with a future
reimbursement agreement that clearly identifies the development impact fees, funding source,
proposed cost-sharing methodology, and estimated project costs.
6:36 p.m. – Director Covington arrived and joined the meeting.
7. Authorization of Funds for Surveying Services Associated with the Future Fairway
Canyon Reservoir Site
Associate Civil Engineer Ward presented a request to authorize surveying services
associated with the future Fairway Canyon reservoir site. He explained that the District has
identified a portion of APN 413-790-050, currently owned by the Fairway Canyon Community
Association (HOA), as the location for a future reservoir to improve long-term water storage
BCVWD BOARD OF DIRECTORS MINUTES – REGULAR MEETING 2026-07-08

PAGE 4 OF 12

capacity and system reliability. Mr. Ward stated that the project is included in the District's
2026–2030 Capital Improvement Budget and that the surveying services would establish a
separate parcel for the future reservoir site through preparation of a legal description, record
of survey, and related documentation necessary to support future acquisition of the property.
He noted that, while reduced long-term demand projections have lessened the immediate
need for additional groundwater extraction wells, staff recommends preserving flexibility by
acquiring the property now and determining in the future whether the reservoir will serve the
potable 2370 Pressure Zone or the non-potable 2400 Pressure Zone. The proposed surveying
services, to be performed by Cozad & Fox, Inc., represent the first phase of the overall
property acquisition process.
In response to Director Ramirez’s questions about acquisition and ongoing costs, Ward
explained that the proposal is for creation of a new, legally defined parcel that would ultimately
be acquired by the District through a future agreement with the HOA. Jaggers added that the
reservoir site has been contemplated since the original Fairway Canyon development
approvals and that the current effort is intended to preserve a planned public facility by
defining the parcel boundaries before negotiating a conveyance agreement. He explained that
the survey is necessary to establish the parcel and that the proposed acquisition agreement,
including any property valuation, would return to the Board for future consideration. Director
Ramirez asked whether staff was confident in proceeding with the survey before completing
negotiations. Jaggers responded that the reservoir location has long been established through
the original development planning and that the survey is needed to separate the reservoir site
from the HOA's larger parcel in preparation for future acquisition.
David Hendryx of Meritage Homes addressed the Board, confirming that the reservoir site
was incorporated into the original vesting tentative tract map and has long been identified as
part of the Fairway Canyon development. He stated that the HOA is aware of the future
reservoir site and that purchasers within the development were notified through project
disclosure documents that a future potable or non-potable reservoir may be constructed at
that location.
The Board authorized the General Manager to execute a Professional Services
Agreement with Cozad & Fox, Inc. for surveying services associated with the
creation of the future Fairway Canyon Reservoir parcel from APN 413-790-050
in the amount of $14,000.00 by the following roll-call vote:
MOVED: Covington
AYES:
NOES:
ABSTAIN:
ABSENT:

SECONDED: Ramirez
APPROVED 5-0
Covington, Hoffman, Ramirez, Slawson, Williams
None
None
None

8. Award Contract to Best Drilling and Pump, Inc. for Construction of Well 30 (W-27500002) and Authorize Additional Consultant Services for California Environmental
Quality Act Documentation
Associate Civil Engineer Ward explained that Well 30 is identified in the District's 2026–
2030 Capital Improvement Budget as a capital expansion project intended to increase
groundwater production capacity, improve system reliability, and provide additional
potable water supplies to accommodate future growth. He reviewed the project's history,
noting that the Board originally authorized design services for Wells 30 and 31 in 2017,
BCVWD BOARD OF DIRECTORS MINUTES – REGULAR MEETING 2026-07-08

PAGE 5 OF 12

later approved relocation of Well 30 to District-owned property at the Noble Creek
Recharge Facility in 2025, and separated the project from Well 31 to accelerate
construction in support of the State's Chromium-6 compliance deadline. Following a public
bidding process, staff received three responsive bids and recommended awarding the
contract to Best Drilling and Pump, Inc., the lowest responsive and responsible bidder.
Ward stated that the requested authorization included the base bid, a ten percent
construction contingency, funding for alternate bid items, and consultant services to
complete the CEQA documentation, which would return to the Board for consideration
before issuance of a Notice to Proceed.
Director Ramirez commented that he appreciated staff conducting a mandatory pre-bid
meeting, observing that it is important to thoroughly evaluate prospective contractors on
projects of this magnitude. Director Slawson expressed concern about the plans showing
a 24-foot sound wall adjacent to the Grange building. Jaggers explained that the sound
wall would be a temporary construction measure only and would be removed upon
completion of drilling, leaving only the permanent fencing and site improvements.
Director Covington asked whether the relocated well had been evaluated as part of the
District's well siting study. He expressed concern about locating the well adjacent to the
Noble Creek recharge ponds and the potential influence of surface water. Jaggers
responded that the location had been incorporated into the hydrogeologic evaluation and
that the well design includes a 300-foot cement grout annular seal specifically intended to
eliminate the potential influence of surface water.
Mr. Jaggers further noted that Well 30 is funded through developer capacity charges as a
growth-related facility. Director Covington also clarified that the requested authorization
covers only drilling and construction of the well itself, with well equipping to be addressed
as a future project. Jaggers confirmed that equipping the well would require additional
funding but stated those costs have been anticipated within the District's long-range
Capital Improvement Budget.
The Board authorized the General Manager to enter into a contract with Best
Drilling and Pump, Inc. to provide all labor, equipment, materials, and testing
necessary for construction of Well 30 (W-2750-0002) in the base bid amount
of $1,976,356; approved a 10 percent contingency of $197,600; authorized an
additional $45,800 for Alternate Bid Items A-1 and A-2; approved $11,012 for
consultant services associated with preparation of the California Environmental
Quality Act documentation; for a total authorization of $2,230,768, by the
following roll-call vote:
MOVED: Covington
AYES:
NOES:
ABSTAIN:
ABSENT:

SECONDED: Ramirez
APPROVED 5-0
Covington, Hoffman, Ramirez, Slawson, Williams
None
None
None

9. Authorize a Change in Funding Source for Well 1 Replacement Equipment,
Reallocate Previously Approved Funds, and Increase the Well 25 Rehabilitation
Project Budget
General Manager Jaggers explained that inspection of the Well 25 and Well 1 pumping
equipment revealed substantially greater deterioration than originally anticipated, requiring
replacement of the major downhole components rather than rehabilitation. He also reported
BCVWD BOARD OF DIRECTORS MINUTES – REGULAR MEETING 2026-07-08

PAGE 6 OF 12

that recent testing of Well 2A had produced encouraging Chromium VI results, leading staff
to recommend additional modifications to Well 25, including installation of a bentonite and
cement plug to isolate the deepest producing interval and resizing the replacement pumping
unit to reduce production from the deeper aquifer.
Director of Operations James Bean reviewed the revised funding strategy, explaining that the
previously approved repair budget for Wells 25 and 1 would be reallocated so that Well 25
rehabilitation would be funded through Capital Replacement Reserves, while replacement
pumping equipment for Well 1 would instead be funded through the previously approved Well
1A Capital Improvement Project because the equipment would ultimately be installed in the
new Well 1A facility. Mr. Bean advised that inspection of the Well 1 equipment determined it
had reached the end of its useful life and required complete replacement; however, staff had
not yet received final contractor pricing for that work. He stated that staff would return to the
Board at a future meeting with the Well 1A equipment costs and a separate authorization
request before proceeding with that portion of the project.
Mr. Bean further explained that the proposed Well 25 improvements are expected to support
the District's Chromium VI Mitigation Strategy by reducing Chromium VI concentrations while
improving long-term operational reliability. He noted that staff had coordinated the proposed
well modifications with the City of Banning, which had expressed support for the approach
and would participate in the cost of the bentonite plug in accordance with the agencies'
ownership agreement. Mr. Jaggers added that staff anticipates returning with a future
recommendation for additional modifications and equipping of Well 1A after contractor pricing
is received and further evaluation is completed. Director Covington confirmed that the Board's
action was limited to the requested $97,400 increase for Well 25. Director Covington also
asked about the location of Well 25, and staff identified it as being on Starlight Avenue north
of Oak Valley Parkway.
The Board authorized the General Manager to modify the authorized Well 25
and Well 1 Pumping Unit Repair Budget by:
x Reallocation and increase of the total project authorized repair from
$335,000 by $97,400 for a total not to exceed amount of $432,400
inclusive of removal and inspection of both pumping units.
x Allocation of new repair funds for rehabilitation of Well 1 pumping unit
equipment for installation into Well 1A, including installation costs, from
budgeted Well 1A Capital Improvement Project (Project No. W-2750005), subject to later consideration by the Board once costs are
available, and
x Authorized General Manager to execute all necessary documents to
complete the work
by the following roll-call vote:
MOVED: Hoffman
AYES:
NOES:
ABSTAIN:
ABSENT:

SECONDED: Slawson
APPROVED 5-0
Covington, Hoffman, Ramirez, Slawson, Williams
None
None
None

BCVWD BOARD OF DIRECTORS MINUTES – REGULAR MEETING 2026-07-08

PAGE 7 OF 12

7:12 p.m. – Director Hoffman recused himself from Item 10 due to nearby property ownership
and left the room.
10. Resolution 2026-22: Authorizing an Amendment to the 2026-2030 Capital
Improvement Budget for the Avenida Miravilla Pipeline Replacement Project (P3620-0016) and Authorization of Funds for Project Materials and Pavement
Restoration
Associate Civil Engineer Ward presented a request to amend the 2026–2030 Capital
Improvement Budget by transferring funding within the existing project budget and
authorizing expenditures for materials, pavement restoration, CEQA compliance, and
construction labor associated with the Avenida Miravilla Pipeline Replacement Project. He
explained that the proposal would replace approximately 700 linear feet of existing fourinch steel water main and an additional 363 linear feet of aging four-inch steel main
identified for replacement. The request does not increase the overall project budget but
instead shifts funding from the 2027 budget year to 2026 to accommodate the anticipated
construction schedule. Ward also advised that CEQA documentation would be brought to
the Board at a later meeting.
Director Covington questioned why the replacement pipeline would remain four inches in
diameter rather than being upsized to six inches. Mr. Ward explained that the line serves
only a small number of residences within the Fisher Regulator Zone, terminates at the
pressure zone boundary, and has no anticipated future development or demand that
would justify a larger main. Mr. Jaggers further explained that existing fire hydrants are
served from an adjacent pressure zone and that the regulator capacity would not support
additional flow, making a four-inch replacement appropriate. Director Covington confirmed
his understanding that no future buildout was anticipated.
Director Ramirez asked whether advancing funding from the 2027 budget would create a
shortfall in a future year. General Manager Jaggers explained that several capital projects,
including well improvements, land acquisition, and the Noble Tank project, had been
delayed, leaving sufficient budget capacity in 2026. As a result, advancing this project
would not create a future funding gap because expenditures deferred from 2026 would
instead occur in 2027.
The Board adopted Resolution No. 2026-22 amending the 2026–2030 Capital
Improvement Budget by transferring $137,000 from the 2027 budget allocation
to the 2026 budget for Project P-3620-0016 and authorized the General
Manager to expend up to $101,000 for the purchase of materials and pavement
restoration, associated with the Avenida Miravilla Pipeline Replacement
Project (P-3620-0016) and $70,200 for CEQA compliance and construction
labor activities by the following roll-call vote:
MOVED: Slawson
AYES:
NOES:
ABSTAIN:
ABSENT:

SECONDED: Williams
APPROVED 4-0
Covington, Ramirez, Slawson, Williams
None
None
Hoffman

7:21 p.m. – Director Hoffman returned to the meeting room.
BCVWD BOARD OF DIRECTORS MINUTES – REGULAR MEETING 2026-07-08

PAGE 8 OF 12

11. Consideration of Attendance at Upcoming
Reimbursement and Per Diem
The Board discussed the following events:

Events and Authorization of

The Board, for purposes of per diem and reimbursement of associated
reasonable and necessary expenses per District policy, pre-approved one
additional night’s stay (Friday, August 21, 2026) at the host hotel for one
director at the Urban Water Institute conference by the following roll-call vote:
MOVED: Slawson
AYES:
NOES:
ABSTAIN:
ABSENT:

SECONDED: Williams
APPROVED 5-0
Covington, Hoffman, Ramirez, Slawson, Williams
None
None
None

Director Ramirez indicated that the additional night was to accommodate meetings with other
water districts regarding their operations and any innovations. He will report out at the
September 9 regular meeting. President Williams requested that if any directors would be
meeting with other agencies regarding business matters to bring that forward prior to the
meeting when the travel / expense request is being made.
12. Reports For Discussion and Possible Action
a. Ad Hoc Committees
i.
Sites Reservoir: Mr. Jaggers reported that the Sites Reservoir Project
continues to advance, including the recent issuance of a draft annual water
right for up to 1 million acre-feet. He advised that additional work is underway
and anticipated the ad hoc committee would reconvene in the coming months
to finalize ongoing efforts and consider updates to the project.
ii.

Bogart Park: GM Jaggers reported that the committee had not met recently but
had remained in communication with the Recreation and Park District

BCVWD BOARD OF DIRECTORS MINUTES – REGULAR MEETING 2026-07-08

PAGE 9 OF 12

regarding the proposed Fourth Amendment to the Bogart Park lease, which is
currently under the Park District's review. He also advised that recent trespass
issues affecting District and Park District property had been addressed and
that the parties expect to meet again in the coming months to continue
discussions regarding the lease amendment.
iii.

Water Re-Use 3x2: Jaggers reported that discussions regarding the recycled
water program have continued at the staff level, including recent meetings with
the City of Beaumont's new City Manager to discuss ongoing coordination,
potential development opportunities, and recycled water recharge. A
subsequent meeting with City representatives was postponed due to
scheduling conflicts and will be rescheduled. Staff remains committed to
advancing the collaborative effort with the City of Beaumont and the SGPWA.
The project continues to move forward.

b. Standing Committees
i.
Finance & Audit Committee: No report.
ii.

Personnel Committee: Director Covington reported that the Committee
continues to work on personnel-related matters and has discussed
recognizing employees for their years of service. He noted that staff was
asked to develop recommendations for an appropriate commemorative
recognition for long-serving employees.

c. Directors’ Reports
Reports were provided as follows:
o

CSDA Webinar: Vision to Action: Special District Planning for Impact on May
19, 2026 (Ramirez)

o

CSDA Webinar: Bridge the Gap: Interim Financing Solutions for your Agency’s
Needs on May 21, 2026 (Ramirez)

o

CSDA Virtual Workshop: Organizational Development on May 27-28, 2026
(Ramirez)

o

Public Policy Institute of California Tribal Water Rights in California Virtual
Webinar on June 4, 2026 (Ramirez)

o

California-Nevada Drought and Climate Outlook Webinar on June 8, 2026
(Ramirez)

o

CSDA Webinar: From Policy to Practice: Implementing Effective Reserve
Strategies on June 9, 2026 (Ramirez)

o

CSDA Virtual Workshop: Overview of Special District Laws on June 10-11,
2026 (Ramirez)

o

CSDA Webinar: SB 827 Fiscal and Financial Training on June 17, 2026
(Slawson, Williams)

o

CSDA Webinar: Copyright, Trademark & Brands: Legal and Practical
Perspectives for Public Agencies on June 18, 2026 (Hoffman, Ramirez,
Slawson)

o

Association of California Water Agencies Region 8: The Future is Slowing, AI
& Innovation in Water Management on June 26, 2026 (Ramirez)

BCVWD BOARD OF DIRECTORS MINUTES – REGULAR MEETING 2026-07-08

PAGE 10 OF 12

o

Beaumont Chamber of Commerce Breakfast on July 1, 2026 (Hoffman,
Slawson)

d. Directors’ General Comments: None.
e. General Manager’s Report. Mr. Jaggers:
x Reported that multiple capital improvement projects continue to advance, including
preparations for Well 30, installation of the pumping equipment at Well 1A,
rehabilitation of Well 25, and plans to rebid the Noble Tank project later this year.
x

Commended Director of Operations James Bean and Operations staff for their
leadership and field oversight of the District's well construction and rehabilitation
projects.

x

Reported that negotiations regarding the Memorandum of Understanding (MOU)
are progressing following receipt of the employee group's proposal, with further
discussion scheduled later in the meeting.

x

Advised that staff continues to advance several smaller capital improvement
projects to completion.

x

Reported on efforts to establish a productive working relationship with the City of
Beaumont's new City Manager, expressing optimism for continued collaboration
on future non-potable and recycled water initiatives.

f. Legal Counsel Report: None.
13. Topic List for Future Meetings:

1
2

Item requested
Update on Grand Avenue pipeline project (to be
agendized on the 7/23/26 Eng Workshop)
Legal Counsel update on ongoing SGMA cases

Date of request
1/22/26

Requester
Covington

3/11/26

Williams

14. Announcements
President Williams pointed out the announcements:
x Personnel Committee: Tuesday, Jul. 21 at 4:30 p.m.
x San Gorgonio Pass Regional Water Alliance: Wednesday, Jul. 22 at 5:00 p.m.
x Engineering Workshop: Thursday, Jul. 23 at 6:00 p.m.
x Beaumont Basin Watermaster Committee: Wednesday, Aug. 5 at 11:00 a.m.
x Collaborative Agencies meeting: Wednesday, Aug. 5 at 5:00 p.m.
x Finance & Audit Committee meeting: Thursday, Aug. 6 at 3:00 p.m.
x Regular Board Meeting: Wednesday, Aug. 12 at 6:00 p.m.
15. Recessed to Closed Session: 7:57 p.m.
President Williams announced the following Closed Session items:
a. CONFERENCE WITH REAL PROPERTY NEGOTIATORS
Pursuant to California Government Code Section 54956.8
Property: APNs 407-170-008 and 407-170-029
Agency Negotiator: Dan Jaggers, General Manager
Under Negotiation: Price and terms of payment
BCVWD BOARD OF DIRECTORS MINUTES – REGULAR MEETING 2026-07-08

PAGE 11 OF 12

b. CONFERENCE WITH LABOR NEGOTIATORS
Government Code Section 54957.6
District designated representative: Dan Jaggers, General Manager
Employee organization: BCVWD Employee Association and Contract Positions
c. CONFERENCE WITH REAL PROPERTY NEGOTIATORS
Pursuant to Government Code section 54956.8
Property: 635 Veile Avenue (Unit A, Unit B), Beaumont, CA
District Negotiator: Dan Jaggers and Mark Swanson
Under Negotiation: Both price and terms of payment
Reconvene in Open Session: 9:23 p.m.
16. Report on Action Taken During Closed Session
President Williams noted that Director Ramirez had exited the meeting at 9:12 p.m. and
announced that no reportable action was taken in in Closed Session.

17. Adjournment: President Williams adjourned the meeting at 9:23 p.m.
ATTEST:
DRAFT UNTIL APPROVED

DRAFT UNTIL APPROVED

__________________________________

________________________________

Director Lona Williams, President
to the Board of Directors of the
Beaumont-Cherry Valley Water District

Director David Hoffman, Secretary
to the Board of Directors of the
Beaumont-Cherry Valley Water District

BCVWD BOARD OF DIRECTORS MINUTES – REGULAR MEETING 2026-07-08

PAGE 12 OF 12

BEAUMONT-CHERRY VALLEY WATER DISTRICT

Action Items

Beaumont-Cherry Valley Water District
Regular Board Meeting
August 12, 2026

Item 4

STAFF REPORT
TO:

Board of Directors

FROM:

Dan Jaggers, General Manager

SUBJECT:

Consider Finding the Avenida Miravilla Pipeline Replacement Project
Exempt from the California Environmental Quality Act (CEQA) and Direct
Staff to File a Notice of Exemption (P-3620-0016 Pipeline Replacement
Project)

Staff Recommendation
Accept the findings of Staff that the Avenida Miravilla Pipeline Replacement Project, consisting of
the replacement of approximately 964 linear feet (LF) of existing 4-inch steel water pipeline with
new 4-inch ductile iron pipe and associated appurtenances, is exempt from the California
Environmental Quality Act (CEQA) pursuant to State CEQA Guidelines Section 15301 (Existing
Facilities), and direct staff to file a Notice of Exemption with the Riverside County Clerk-Recorder.
Executive Summary
On July 8, 2026, the Board of Directors authorized an amendment to the District’s 2026-2030
Capital Improvement Budget and the expenditure of up to $101,000 for materials and pavement
restoration and an additional $70,200 for CEQA compliance and construction labor activities
associated with the Avenida Miravilla Pipeline Replacement Project (Project No. P-3620-0016).
The Project will replace approximately 964 LF of existing 4-inch steel water pipeline with new 4inch ductile iron pipe and associated appurtenances within Assessor’s Parcel Numbers (APNs)
401-190-047 and 401-190-012 and within the Avenida Miravilla right-of-way in the community of
Cherry Valley.
The existing pipeline has reached the end of its useful service life. Replacing the pipeline will
improve water system reliability, reduce the potential for emergency repairs, and maintain water
service to existing single-family residences in the area.
District staff has evaluated the Project and determined that it qualifies for a categorical exemption
under State CEQA Guidelines Section 15301 (Existing Facilities). The Project consists of the
replacement of an existing public utility facility and will involve negligible or no expansion of the
existing use. Staff is requesting Board authorization to file a Notice of Exemption for the Project.
Background
The District continually evaluates the condition of its aging water distribution system and identifies
pipeline replacement projects through its Capital Improvement Program to improve system
reliability and reduce maintenance associated with deteriorating infrastructure.
Project No. P-3620-0016 was included in the District’s 2026-2030 Capital Improvement Budget
to replace an existing 4-inch steel water pipeline along APN 401-190-012 and within the Avenida
Miravilla right-of-way. During further evaluation, District staff identified an additional adjacent

segment of 4-inch steel pipeline within APN 401-190-047 that had also reached the end of its
useful service life and should be replaced as part of the overall Project.
The Project includes:
x
x

Replacement of approximately 363 LF of existing 4-inch steel pipeline within APN 401190-047; and
Replacement of approximately 601 LF of existing 4-inch steel pipeline within APN 401190-012 and the Avenida Miravilla right-of-way.

Together, the proposed improvements total approximately 964 LF of replacement pipeline. The
new 4-inch ductile iron pipeline will extend just below the fisher regulator within a small subzone
of the District’s 3620 pressure zone to Avenida Miravilla. This replacement pipeline includes
providing new service laterals to approximately four 94) homes that are currently connected to
the existing pipeline.
Construction will occur within previously disturbed areas containing existing utility infrastructure.
The Project will not expand the District’s service area, increase water supply or treatment
capacity, or result in additional water demand.
Discussion
District staff has reviewed the P-3620-0016 Pipeline Replacement Project in accordance with
CEQA and the State CEQA Guidelines.
The proposed work consists of replacing an existing public water pipeline with a new pipeline of
the same diameter and generally along the existing alignment. The Project is intended to restore
and maintain reliable operation of the District’s existing water distribution system and will not
materially change the facility’s purpose or capacity.
The Project will occur within previously disturbed areas and will serve existing development. No
expansion of the District’s service area or existing water system capacity is proposed as part of
this Project.
Staff has determined that the Project qualifies for the following categorical exemption:
x

CEQA Guidelines Section 15301 – Existing Facilities (Class 1): This exemption
applies to the operation, repair, maintenance, permitting, leasing, licensing, or minor
alteration of existing public or private structures and facilities involving negligible or no
expansion of existing or former use. The replacement of approximately 964 LF of existing
4-inch steel water pipeline with new 4-inch ductile iron pipe and associated appurtenances
will restore an existing public utility facility without expanding its use or capacity.

The work will occur within previously disturbed areas and is not anticipated to affect sensitive
biological resources, historical resources, scenic resources, or other environmentally sensitive
areas. Staff has not identified any unusual circumstances associated with the Project that would
result in a significant environmental effect or otherwise preclude use of the categorical exemption.

Accordingly, Staff has determined that the P-3620-0016 Pipeline Replacement Project is
categorically exempt from CEQA pursuant to State CEQA Guidelines Section 15301.
Fiscal Impact
The fiscal impact associated with this item is limited to the Riverside County Clerk-Recorder
filing fee for the Notice of Exemption and staff time required for preparation and filing of the
documentation.
On July 8, 2026, the Board of Directors authorized up to $101,000 for Project materials and
pavement restoration and an additional $70,200 for CEQA compliance and labor construction
activities. No additional appropriation is requested as part of this CEQA determination.
Attachments
1. Notice of Exemption for the Avenida Miravilla Pipeline Replacement Project
2. P-3620-0016 Proposed Improvements

Staff Report prepared by Evan Ward, Associate Civil Engineer I

Attachment 1 - Notice of Exemption for the Avenida Miravilla Pipeline Replacement Project


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Beaumont-Cherry Valley Water District
Regular Board Meeting
August 12, 2026

Item 5

STAFF REPORT
TO:

Board of Directors

FROM:

Dan Jaggers, General Manager

SUBJECT:

Authorize Funding for the S-2750-0001 Service Replacements Project,
Consider Finding the Project Exempt from the California Environmental
Quality Act (CEQA), and Direct Staff to File a Notice of Exemption

Staff Recommendation
1. Authorize the General Manager to expend an amount not to exceed $218,800.00 for
construction of the S-2750-0001 Service Replacements Project, consisting of $182,326.44
in estimated construction, traffic control, and permitting costs and $36,473.56 in
contingency (20% rounded); and
2. Accept the findings of District staff that the S-2750-0001 Service Replacements Project,
consisting of the replacement and relocation of approximately 53 existing water service
connections and associated appurtenances, is exempt from the California Environmental
Quality Act pursuant to State CEQA Guidelines Section 15301, Existing Facilities, and
direct Staff to file a Notice of Exemption with the Riverside County Clerk-Recorder.
Executive Summary
The Beaumont-Cherry Valley Water District has identified the need to replace and relocate
approximately 53 existing water service connections along Elm Avenue between 8th Street and
11th Street and along Wellwood Avenue between 8th Street and 10th Street in the City of
Beaumont. The proposed improvements are identified as the S-2750-0001 Service Replacements
Project.
The Project was initially developed in coordination with the City of Beaumont’s Citywide Sidewalk
Improvement Project. In 2025, the City informed the District that sidewalk improvements were
planned along Elm Avenue and Wellwood Avenue. District staff subsequently evaluated the
existing District facilities within the proposed sidewalk improvement areas and identified water
service connections and other appurtenances that could conflict with the City’s improvements.
The Project was originally proposed to include surveying, engineering design, fire hydrant
relocations, and other preliminary activities.
The proposed Project was presented to the Board of Directors on July 9, 2025. The Board
expressed concerns regarding the proposed engineering and surveying costs and tabled the item
to allow staff to refine the scope and cost estimate. On August 13, 2025, the Board adopted
Resolution 2025-29, amended the District’s 2025-2029 Capital Improvement Budget for the
Project, and authorized the General Manager to expend funds for preliminary design, engineering,
and initial construction activities.
The Project was subsequently placed on hold after the City informed District staff that its sidewalk
improvement project would not move forward at that time. District staff has now reevaluated the
Project and determined that full surveying and formal engineering design are no longer necessary.
The previously proposed fire hydrant relocations have also been removed from the Project scope.

The current Project consists primarily of replacing and relocating approximately 53 existing water
service connections and associated meter boxes. District staff will set the meter boxes to the
appropriate interim grade during construction. Following completion of the City’s future sidewalk
improvements, District staff will return, as necessary, to make final adjustments to the meter box
elevations to match the finished sidewalk grade. The current Project limits and proposed service
locations are shown in the attached scope-of-work exhibit.
The District’s adopted 2026-2030 Capital Improvement Budget identifies $299,700.00 for Project
No. S-2750-0001. District staff estimates that the proposed construction will cost $182,326.44.
Staff recommends including $36,473.56 in contingency, resulting in a total authorization request
of $218,800.00.
District staff has also evaluated the Project pursuant to the California Environmental Quality Act
and determined that it qualifies for a Class 1 categorical exemption under State CEQA Guidelines
Section 15301, Existing Facilities. The Project consists of replacing existing public utility facilities
within previously disturbed areas and will involve negligible or no expansion of existing use. Staff
is therefore requesting that the Board accept Staff’s findings and direct District staff to file the
attached Notice of Exemption with the Riverside County Clerk-Recorder.
In early August 2026, the City of Beaumont informed District staff that paving activities within the
Project area could begin as early as late September 2026. In response, District staff is requesting
authorization to proceed with the proposed service replacements so the work can be completed,
to the extent feasible, before the City places new pavement within the Project limits.
Background
On May 7, 2024, the City of Beaumont announced its Citywide Sidewalk Improvement Project,
identified as City Capital Improvement Project R-24. The City project included proposed sidewalk
improvements throughout downtown Beaumont, including portions of Elm Avenue and Wellwood
Avenue.
In response, District staff identified the need to replace water service laterals located within the
alleys and roadway areas between Elm Avenue, Wellwood Avenue, and California Avenue. The
original scope included approximately 31 water service replacements. During further review,
District Staff identified approximately 15 additional service replacements that would allow two
existing 2-inch steel water mains to be abandoned after the services were transferred to adjacent
water mains. Those existing pipelines had reached the end of their useful service lives and had
historically required periodic maintenance due to leaks.
The Project was first presented to the Board on July 9, 2025. At that time, the proposed scope
included service and meter relocations, fire hydrant relocations, a blow-off relocation, a sampling
station relocation, surveying, engineering design, and related construction support. The proposed
total project budget was $535,600, and staff requested authorization to expend $113,300 for
preliminary design, engineering, and initial construction activities.
During the July 9, 2025 meeting, the Board discussed the proposed engineering and surveying
costs. The Board questioned whether the extent of outside engineering and survey work was
warranted for a service replacement project and directed staff to refine the proposed scope and
cost estimate. The item was then tabled with direction from the Board of Directors.
Staff returned to the Board on August 13, 2025 with a revised project budget of $496,800 and a
request to expend $149,100 for preliminary design, engineering, and Phase 1 construction

activities. The revised proposal included limited topographic mapping in areas with potential grade
challenges, project planning and design, construction support, staking, environmental review,
permitting, and initial construction.
On August 13, 2025, the Board adopted Resolution 2025-29, amending the 2025-2029 Capital
Improvement Budget by $197,100 for a total Project budget of $496,800, and authorized the
General Manager to expend $149,100 for preliminary design, engineering, and Phase 1
construction costs.
After the August 2025 authorization, the City informed District staff that its sidewalk improvement
project had been placed on hold. Because the City’s proposed improvements were the primary
reason for advancing the District’s service replacements at that time, District staff also placed the
S-2750-0001 Project on hold. In early August, 2026, the City notified District staff that paving
within the Project area could occur as early as late September 2026. The renewed City
construction schedule has created a need for the District to advance the proposed service
replacements to avoid disturbing newly paved surfaces at a later date.
The District’s adopted 2026-2030 Capital Improvement Budget currently identifies $299,700.00
for the S-2750-0001 Service Replacements Project.
Discussion
District staff has reevaluated the Project based on the current anticipated work and the status of
the City’s sidewalk improvement project. The revised Project will consist of replacing and
relocating approximately 53 existing water service connections and associated appurtenances
along Elm Avenue between 8th Street and 11th Street and along Wellwood Avenue between 8th
Street and 10th Street.
The attached scope-of-work exhibit identifies the existing water meters and services that will
remain, the existing meters and services that will be relocated, and the proposed meter and
service locations.
The City’s recently identified paving schedule makes the timing of the proposed improvements
important. Completing the service replacements before the City’s paving work would reduce the
likelihood that newly paved areas would need to be excavated for future District work. District staff
will coordinate closely with the City regarding its construction schedule and will prioritize the
service replacements located within the areas expected to be paved first.
The current scope no longer includes replacement or relocation of fire hydrants. District staff has
also determined that a formal project survey and consultant-prepared improvement plans are not
required for the proposed construction. District staff and field crews have sufficient information to
identify the proposed service locations and complete the improvements in accordance with District
standards without delaying the Project for formal surveying or consultant-prepared improvement
plans.
Some meter locations may require future elevation adjustments once the City constructs its
sidewalk improvements. During the District’s construction, the meter boxes will be installed at an
appropriate interim grade based on existing field conditions. After the City completes the sidewalk
improvements and establishes the final sidewalk elevations, District staff will return, as necessary,
to reset the affected meter boxes to match the final grade.
Replacing the existing services will improve reliability, reduce maintenance associated with aging
service materials, and allow the District to better coordinate its facilities with future public

improvements. The work will serve existing customers and will not expand the District’s service
area, increase water system capacity, or create additional water demand.
District staff estimates the current construction cost as follows:
Table 1 – Total Authorization Request for S-2750-0001
Description
Estimated Material Costs
Estimated Labor Costs
Estimated Traffic Control Costs
Estimated Permitting Costs
Contingency (20% Rounded)
Total Authorization Request

Amount
$65,966.44
$110,360.00
$5,000.00
$1,500.00
$36,473.56
$218,800.00

The proposed contingency is approximately 20 percent of the estimated construction cost. The
contingency is recommended due to the age of the existing facilities, potential unknown
subsurface conditions, variations in service configurations, and the need to maintain continuous
water service to existing customers during construction.
District staff has reviewed the S-2750-0001 Service Replacements Project in accordance with the
California Environmental Quality Act and the State CEQA Guidelines.
The Project consists of replacing and relocating approximately 53 existing water service
connections and associated appurtenances within existing roadway rights-of-way and previously
disturbed areas. The improvements will serve existing development and will not expand the
District’s service area, increase treatment or water supply capacity, or result in additional water
demand.
Staff has determined that the Project qualifies for the following categorical exemption:
CEQA Guidelines Section 15301 – Existing Facilities, Class 1: This exemption applies to the
operation, repair, maintenance, permitting, leasing, licensing, or minor alteration of existing public
or private structures and facilities involving negligible or no expansion of existing or former use.
The replacement and relocation of existing water service connections and associated
appurtenances will restore and maintain existing public utility facilities without expanding their use
or capacity.
The work will occur within previously disturbed areas and is not anticipated to affect sensitive
biological resources, historical or cultural resources, scenic resources, or other environmentally
sensitive areas. Staff has not identified any unusual circumstances associated with the Project
that would result in a significant environmental effect or otherwise preclude use of the categorical
exemption.
Accordingly, Staff has determined that the S-2750-0001 Service Replacements Project is
categorically exempt from CEQA pursuant to State CEQA Guidelines Section 15301. The
attached Notice of Exemption identifies the Project location, scope, purpose, and basis for the
exemption.
Fiscal Impact
The fiscal impact associated with the requested construction authorization is an amount not to
exceed $218,800.00, consisting of $182,326.44 in estimated construction costs and $36,473.56
in contingency.

The District’s adopted 2026-2030 Capital Improvement Budget includes $299,700.00 for the S2750-0001 Service Replacements Project. The requested authorization is within the existing
Project budget, and no Capital Improvement Budget amendment is required at this time.
Funding for the Project is proposed to come from Capital Replacement Reserves.
The fiscal impact associated with the CEQA determination is limited to the Riverside County
Clerk-Recorder filing fee for the Notice of Exemption and District staff time required to prepare
and file the documentation. No additional appropriation is requested for the CEQA
determination.

Attachments
1. Notice of Exemption for the S-2750-0001 Service Replacements Project
2. S-2750-0001 Service Replacements Project Scope of Work

Staff Report prepared by Evan Ward, Associate Civil Engineer I

Attachment 1 - Notice of Exemption for the S-2750-0001 Service Replacements Project

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*HQHUDO0DQDJHU'DWH

Attachment 2 - S-2750-0001 Service Replacements Project Scope of Work

Beaumont-Cherry Valley Water District
Regular Board Meeting
August 12, 2026

Item 6

STAFF REPORT
TO:

Board of Directors

FROM:

Finance and Administration

SUBJECT:

2026 Mid-Year Budget Review and Report on Administrative Budget
Transfers

Staff Recommendation
Receive and file.
Executive Summary
Staff has evaluated the projected expenses for 2026 and based on those estimates, identified
general ledger accounts that could exceed the approved operating budget amounts, as well as
accounts that are trending to provide savings. Finance staff has applied the transfer of savings to
the potential expense shortfalls identified on Table 1, Summary of 2026 Mid-Year Transfers, with a
zero net effect to the overall 2026 Operating Budget. Table 1 was reviewed by the Finance and Audit
Committee at the regular meeting held on August 6, 2026.
Background
District staff has implemented a mid-year budget review of all expense accounts as part of the overall
budget process. This process provides an opportunity to review the status of the budget and to adjust
the District’s planned operations and budget as needed. The Finance team provided District staff
with a report of the actual expenses from January through May of 2026, along with the projected
expenses for June through December 2026, based on the prior five-years’ and current year’s activity.
With the assistance of the Finance team, each department Director was responsible for identifying
potential expense overages, and savings, in order to request a transfer of funds.
The General Manager may exercise discretion in the administration of the budget to respond to
changed circumstances by requesting or approving budget transfers between line items within a
department for any single line-item modification below $50,000 as outlined in the Beaumont-Cherry
Valley Water District (BCVWD) 2026 Operating Budget. All budget transfers are documented and
tracked in the District’s computerized financial system and reported to the Finance and Audit
committee in the monthly Budget Variance Reports.
Discussion
The transfer requests submitted by each Department Director were evaluated by the Director of
Finance and Administration before being presented to the General Manager for final approval.
Table 1, Summary of 2026 Mid-year Transfers, records the approved requests that reduced the
original budget amounts in one general ledger account (From) and increase the budget amount in
another account (To).

For transparency purposes, all transfers recorded during the fiscal year are also recorded in the new
year’s operating budget detail to show the original adopted budget for each account compared to
the final adopted/amended total.
Table 1 - Summary of 2026 Mid-Year Transfers
From Account #
01-30-310-550042
01-30-310-550054
01-30-320-500177
01-35-315-580026
01-40-430-500175
01-40-440-530001
01-40-440-550051
01-40-440-550051
01-40-470-501121
01-40-470-501121
01-40-470-501121
01-40-470-501621
01-40-470-501691

Account Name
Office Supplies
Property, Auto, General
Insurance
General Safety Training
& Supplies
License/Maintenance/
Support
Training/Education/
Meetings/Travel
Minor Capital
Acquisitions
Advertising/Legal
Notices
Advertising/Legal
Notices
Electricity-12303 Oak
Glen Rd
Electricity-12303 Oak
Glen Rd
Electricity-12303 Oak
Glen Rd
Maint & Repair-12303
Oak Glen Rd
Maint & RepairBuildings (General)

Amount

To Account #

Account Name

Amount

(500.00)

01-30-310-550001

Bank/Financial
Service Fees

(1,500.00)

01-30-310-550030

Membership Dues

1,500.00

(3,000.00)

01-30-320-550024

Employment Testing

3,000.00

(20,000.00)

01-35-315-540016

(1,500.00)

01-40-440-500175

(20,000.00)

01-40-440-540042

(1,000.00)

01-40-410-550051

(1,000.00)

01-40-440-540036

(350.00)

01-40-470-501281

(700.00)

01-40-470-501181

(350.00)

01-40-470-501491

(10,000.00)

01-40-410-520061

(1,000.00)

01-40-4470-501681

GIS Maintenance &
Updates
Training/Educations/
Meetings/Travel
Meters Maintenance
& Services
Advertising/Legal
Notices
Line Locates
Gas-37612 Cherry
Walley Blvd
Electricity-37612
Cherry Valley Blvd
Sanitation-37612
Cherry Valley Blvd
Maint & RepairPumping Equip
Maint & Repair-39500
Brookside

500.00

20,000.00
1,500.00
20,000.00
1,000.00
1,000.00
350.00
700.00
350.00
10,000.00
1,000.00

01-40-470-520051

Maint & Repair-Paving

(20,000.00)

01-40-470-520041

Maint & Repair-Fleet

20,000.00

01-50-510-550040

General Supplies

(4,000.00)

01-50-510-502001

Rents/Leases

4,000.00

TOTALS:

(84,900.00)

TOTALS:

84,900.00

Fiscal Impact
There is no fiscal impact to the 2026 BCVWD Operating Budget as a result of the Mid-Year Budget
Review, as the transfers net to zero.
Attachments
1. Budget Transfers Approval Form
2. Budget Variance Expense (Transfers backup)
Staff Report prepared by Erica Gonzales, Management Analyst II

$WWDFKPHQW

General Ledger

Description
BOARD OF DIRECTORS
Board of Directors Fees
Social Security
Medicare
Health Insurance
Life Insurance
EAP Program
Workers' Compensation
Training/Education/Mtgs/Travel
Board of Directors Personnel

Supplies-Other
Board of Directors Materials & Supplies

Election Expenses
Advertising/Legal Notices
Board of Directors Services

BOARD OF DIRECTORS

ENGINEERING
Engineering Personnel
Labor
Incentive Pay
Social Security
Medicare
Health Insurance
Life Insurance
EAP Program
Workers' Compensation
Unemployment Insurance
Retirement/CalPERS
Uniforms and Employee Benefits
Training/Education/Mtgs/Travel
Accrued Sick Leave Expense
Accrued Vacation Leave Expense
Accrued Leave Payments
CIP Related Labor
Development Services Personnel
Labor
Social Security
Medicare
Health Insurance
Life Insurance

Account Number
10
01-10-110-500101
01-10-110-500115
01-10-110-500120
01-10-110-500125
01-10-110-500140
01-10-110-500143
01-10-110-500145
01-10-110-500175

01-10-110-550043

01-10-110-550012
01-10-110-550051

Expense Total

20
210
01-20-210-500105
01-20-210-500114
01-20-210-500115
01-20-210-500120
01-20-210-500125
01-20-210-500140
01-20-210-500143
01-20-210-500145
01-20-210-500150
01-20-210-500155
01-20-210-500165
01-20-210-500175
01-20-210-500180
01-20-210-500185
01-20-210-500187
01-20-210-500195
220
01-20-220-500105
01-20-220-500115
01-20-220-500120
01-20-220-500125
01-20-220-500140

User: wclayton
Printed: 7/30/2026 7:18:51 AM
Period 06 - 06
Fiscal Year 2026

Budget Variance Expense

619,600.00
2,400.00
47,200.00
11,100.00
113,600.00
1,000.00
300.00
5,900.00
15,100.00
69,300.00
500.00
8,000.00
33,900.00
37,400.00
27,900.00
(225,000.00)
81,800.00
5,300.00
1,300.00
21,000.00
200.00

$
$
$
$
$

327,400.00

6,000.00
1,000.00
7,000.00

1,400.00
1,400.00

131,100.00
8,200.00
2,000.00
110,400.00
2,500.00
300.00
1,100.00
63,400.00
319,000.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$

$
$
$

$
$

$
$
$
$
$
$
$
$
$

Budget

$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$

$
$
$

$
$

$
$
$
$
$
$
$
$
$

5,165.74
320.62
74.97
1,086.18
5.21

31,095.67
2,313.35
541.05
8,505.31
59.56
22.12
248.95
3,262.45
6,256.07
(65.17)
(296.13)

17,563.13

11.50
11.50

-

6,520.80
404.28
94.56
6,242.24
8.91
10.10
35.83
4,234.91
17,551.63

Period Amt

$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$

$
$
$

$
$

$
$
$
$
$
$
$
$
$

35,276.80
2,216.71
518.44
7,588.25
60.33

184,802.54
12,675.15
2,964.32
50,118.12
317.28
67.87
1,334.07
21,238.39
527.54
7,497.29
5,655.19
7,251.47
(4,803.20)

103,103.79

6.00
11.50
17.50

189.28
189.28

42,221.40
2,627.83
614.68
37,453.44
53.46
60.60
232.76
19,632.84
102,897.01

End Bal

$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$

$
$
$

$
$

$
$
$
$
$
$
$
$
$

46,523.20
3,083.29
781.56
13,411.75
139.67

434,797.46
2,400.00
34,524.85
8,135.68
63,481.88
682.72
232.13
4,565.93
15,100.00
48,061.61
500.00
7,472.46
26,402.71
31,744.81
20,648.53
(220,196.80)

224,296.21

5,994.00
988.50
6,982.50

1,210.72
1,210.72

88,878.60
5,572.17
1,385.32
72,946.56
2,446.54
239.40
867.24
43,767.16
216,102.99

Variance

$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$

$
$
$

$
$

$
$
$
$
$
$
$
$
$

-

-

-

-

-

-

Encumbered

56.87%
58.18%
60.12%
63.87%
69.84%

70.17%
100.00%
73.15%
73.29%
55.88%
68.27%
77.38%
77.39%
100.00%
69.35%
100.00%
93.41%
77.88%
84.88%
74.01%
97.87%

68.51%

99.90%
98.85%
99.75%

86.48%
86.48%

67.79%
67.95%
69.27%
66.07%
97.86%
79.80%
78.84%
69.03%
67.74%

% Avail/ Matching

Action

Amount

Attachment 2

Description
EAP Program
Workers' Compensation
Unemployment Insurance
Retirement/CalPERS
ENGINEERING Personnel

Permits, Fees & Licensing
Administrative Expenses
Office Supplies
Office Equipment
Engineering Materials & Supplies

Development Reimbursable Eng
Development Reimbursable GIS
Membership Dues
Advertising/Legal Notices
Outside Engineering
Engineering Services

ENGINEERING

FINANCE & ADMINISTRATION
Finance & Administration Personnel
Labor
Overtime
Double Time
Incentive Pay
Social Security
Medicare
Health Insurance
CalPERS Health Admin Costs
Life Insurance
EAP Program
Workers' Compensation
Unemployment Insurance
Retirement/CalPERS
Estimated Current Year OPEB
Uniforms and Employee Benefits
Training/Education/Mtgs/Travel
Accrued Sick Leave Expense
Accrued Vacation Leave Expense
Accrued Leave Payments
GASB 68 Pension Expense
Human Resources & Risk Management Personnel
Labor
Incentive Pay
Social Security
Medicare
Health Insurance
Life Insurance
EAP Program
Workers' Compensation
Unemployment Insurance

Account Number
01-20-220-500143
01-20-220-500145
01-20-220-500150
01-20-220-500155

01-20-210-540048
01-20-210-550029
01-20-210-550042
01-20-210-550046

01-20-210-540012
01-20-210-540014
01-20-210-550030
01-20-210-550051
01-20-210-580031

Expense Total

30
310
01-30-310-500105
01-30-310-500110
01-30-310-500111
01-30-310-500114
01-30-310-500115
01-30-310-500120
01-30-310-500125
01-30-310-500130
01-30-310-500140
01-30-310-500143
01-30-310-500145
01-30-310-500150
01-30-310-500155
01-30-310-500161
01-30-310-500165
01-30-310-500175
01-30-310-500180
01-30-310-500185
01-30-310-500187
01-30-310-560000
320
01-30-320-500105
01-30-320-500114
01-30-320-500115
01-30-320-500120
01-30-320-500125
01-30-320-500140
01-30-320-500143
01-30-320-500145
01-30-320-500150
1,238,800.00
6,000.00
4,100.00
3,600.00
99,000.00
23,200.00
205,200.00
2,500.00
2,000.00
500.00
10,100.00
29,800.00
285,800.00
99,700.00
1,000.00
38,000.00
67,500.00
114,900.00
144,500.00
361,200.00
145,400.00
600.00
10,100.00
2,400.00
27,200.00
300.00
100.00
1,200.00
3,600.00

$
$
$
$
$
$
$
$
$

1,035,600.00

2,000.00
5,000.00
120,000.00
127,000.00

3,000.00
11,000.00
1,000.00
5,000.00
20,000.00

Budget
100.00
800.00
2,000.00
7,900.00
888,600.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$

$
$
$
$
$
$

$
$
$
$
$

$
$
$
$
$

$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$

$
$
$
$
$
$

$
$
$
$
$

$
$
$
$
$

10,848.24
690.38
161.46
2,257.06
17.98
2.02
61.16
-

85,689.26
50.00
5,602.81
1,310.35
16,104.94
82.73
145.45
16.16
522.52
21,135.68
23,925.00
833.59
3,661.75
1,728.63
11,775.00

79,222.00

14,400.00
180.00
427.09
5,133.33
20,140.42

-

Period Amt
0.62
34.54
450.47
59,081.58

$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$

$
$
$
$
$
$

$
$
$
$
$

$
$
$
$
$

62,299.90
4,012.83
938.49
13,542.36
107.88
12.12
355.20
-

509,488.23
133.02
300.00
33,914.67
7,931.68
96,472.21
486.86
867.73
96.63
3,027.42
124,381.96
47,850.00
8,472.39
14,828.59
19,687.19
26,529.10
23,550.00

427,385.73

18,110.00
31,680.00
506.00
427.09
32,797.52
83,520.61

4,520.70
367.41
4,888.11

6.74
230.71
3,433.00
338,977.01

End Bal

$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$

$
$
$
$
$
$

$
$
$
$
$

$
$
$
$
$

83,100.10
600.00
6,087.17
1,461.51
13,657.64
192.12
87.88
844.80
3,600.00

729,311.77
5,866.98
4,100.00
3,300.00
65,085.33
15,268.32
108,727.79
2,013.14
1,132.27
403.37
7,072.58
29,800.00
161,418.04
51,850.00
1,000.00
29,527.61
52,671.41
95,212.81
117,970.90
337,650.00

608,214.27

(18,110.00)
(31,680.00)
1,494.00
4,572.91
87,202.48
43,479.39

3,000.00
6,479.30
632.59
5,000.00
15,111.89

Variance
93.26
569.29
2,000.00
4,467.00
549,622.99

$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$

$
$
$
$
$
$

$
$
$
$
$

-

-

-

-

-

Encumbered
$
$
$
$
$
-

57.15%
100.00%
60.27%
60.90%
50.21%
64.04%
87.88%
70.40%
100.00%

58.87%
97.78%
100.00%
91.67%
65.74%
65.81%
52.99%
80.53%
56.61%
80.67%
70.03%
100.00%
56.48%
52.01%
100.00%
77.70%
78.03%
82.87%
81.64%
93.48%

58.73%

0.00%
0.00%
74.70%
91.46%
72.67%
34.24%

100.00%
58.90%
63.26%
100.00%
75.56%

% Avail/ Matching
93.26%
71.16%
100.00%
56.54%
61.85%

Action

Amount

Attachment 2

Description
Retirement/CalPERS
Uniforms and Employee Benefits
Training/Education/Mtgs/Travel
Dist Professional Development
General Safety Trng & Supplies
Accrued Sick Leave Expense
Accrued Vacation Leave Expense
Accrued Leave Payments
Employment Testing
Customer Service Personnel
Labor
Overtime
Incentive Pay
Social Security
Medicare
Health Insurance
Life Insurance
EAP Program
Workers' Compensation
Unemployment Insurance
Retirement/CalPERS
Uniforms and Employee Benefits
Training/Education/Mtgs/Travel
Accrued Sick Leave Expense
Accrued Vacation Leave Expense
Accrued Leave Payments
FINANCE & ADMINISTRATION Personnel

Finance & Administration Materials & Supplies
Office Supplies
Office Equipment
Postage
Subscriptions
Miscellaneous Operating Exp
Bad Debt Expense
Depreciation
Human Resources & Risk Management Materials & Supplies
District Certification
Office Supplies
Customer Service Materials & Supplies
Cashiering Shortages/Overages
FINANCE & ADMINISTRATION Materials & Supplies

Finance & Administration Services
Bank/Financial Service Fees
Membership Dues
Advertising/Legal Notices
Property, Auto, General Ins
Media Outreach
Accounting and Audit
General Legal
Other Professional Services
Human Resources & Risk Management Services

Account Number
01-30-320-500155
01-30-320-500165
01-30-320-500175
01-30-320-500176
01-30-320-500177
01-30-320-500180
01-30-320-500185
01-30-320-500187
01-30-320-550024
330
01-30-330-500105
01-30-330-500110
01-30-330-500114
01-30-330-500115
01-30-330-500120
01-30-330-500125
01-30-330-500140
01-30-330-500143
01-30-330-500145
01-30-330-500150
01-30-330-500155
01-30-330-500165
01-30-330-500175
01-30-330-500180
01-30-330-500185
01-30-330-500187

310
01-30-310-550042
01-30-310-550046
01-30-310-550048
01-30-310-550066
01-30-310-550072
01-30-310-550078
01-30-310-550084
320
01-30-320-550028
01-30-320-550042
330
01-30-330-550006

310
01-30-310-550001
01-30-310-550030
01-30-310-550051
01-30-310-550054
01-30-310-550061
01-30-310-580001
01-30-310-580011
01-30-310-580036
320

100.00
4,065,800.00

$
$

4,500.00
50,500.00
1,500.00
317,500.00
5,000.00
48,200.00
179,300.00
142,800.00

4,500.00
1,900.00

$
$

$
$
$
$
$
$
$
$

11,600.00
3,300.00
141,900.00
500.00
500.00
25,000.00
3,876,500.00

423,500.00
5,600.00
3,000.00
31,100.00
7,300.00
139,900.00
700.00
300.00
3,300.00
10,400.00
71,000.00
500.00
8,000.00
21,100.00
26,800.00
22,400.00
3,785,100.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$

Budget
13,400.00
300.00
3,800.00
18,800.00
21,200.00
8,900.00
7,400.00
8,100.00

$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$

$
$

$
$

$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$

365.34
2,570.83
21,070.94
505.00
22,850.00
641.36

353,301.85

-

649.81
7,100.36
345,551.68

28,874.92
2,462.15
575.81
13,891.69
44.14
10.10
182.09
5,516.12
3,009.00
1,242.89
6,570.44
251,364.56

Period Amt
1,001.63
500.00
278.16
583.25

$
$
$
$
$
$
$
$

$
$

$
$

$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$

2,140.56
33,619.27
329.65
126,425.64
34,674.00
91,052.06
2,529.25

2.18
2,131,405.38

4,221.00
34.20

3,087.11
40.93
50,580.93
2,073,439.03

163,362.92
80.42
11,296.90
2,641.95
64,471.65
280.61
56.56
953.84
30,735.05
56.17
778.75
7,421.94
2,748.98
8,370.44
1,313,219.94

End Bal
5,827.86
70.77
9,023.96
1,668.96
695.40
75.10
3,315.25

$
$
$
$
$
$
$
$

$
$

$
$

$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$

2,359.44
16,880.73
1,170.35
191,074.36
5,000.00
13,526.00
88,247.94
140,270.75

97.82
1,934,394.62

279.00
1,865.80

8,512.89
3,259.07
91,319.07
500.00
500.00
25,000.00
1,803,060.97

260,137.08
5,519.58
3,000.00
19,803.10
4,658.05
75,428.35
419.39
243.44
2,346.16
10,400.00
40,264.95
443.83
7,221.25
13,678.06
24,051.02
14,029.56
2,471,880.06

Variance
7,572.14
229.23
3,800.00
18,800.00
12,176.04
7,231.04
6,704.60
(75.10)
4,784.75

$
$
$
$
$
$
$
$

$
$

$
$

$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

-

-

-

-

-

Encumbered
$
$
$
$
$
$
$
$
$
-

52.43% A
33.43% B
78.02%
60.18% B
100.00%
28.06%
49.22%
98.23%

97.82%
47.58%

6.20%
98.20%

73.39% A
98.76%
64.35%
100.00%
100.00%
100.00%
46.51%

61.43%
98.56%
100.00%
63.68%
63.81%
53.92%
59.91%
81.15%
71.10%
100.00%
56.71%
88.77%
90.27%
64.82%
89.74%
62.63%
65.31%

% Avail/ Matching
56.51%
76.41%
100.00%
100.00%
57.43% C
81.25%
90.60%
0.00%
59.07% C

$
$
$

To
To
From

$

$

To

From

$

(1,500.00)

500.00
1,500.00

(500.00)

3,000.00

(3,000.00)

Amount

From

Action

Attachment 2

Description
Employee Retention
Recruitment Expense
Membership Dues
Advertising/Legal Notices
Other Professional Services
Customer Service Services
Temporary Labor
Transaction/Return Fees
Credit Check Fees
Membership Dues
Notary and Lien Fees
Utility Billing Service
Advertising/Legal Notices
FINANCE & ADMINISTRATION Services

FINANCE & ADMINISTRATION

IT & CYBERSECURITY
Labor
Incentive Pay
Social Security
Medicare
Health Insurance
Life Insurance
EAP Program
Workers' Compensation
Unemployment Insurance
Retirement/CalPERS
Training/Education/Mtgs/Travel
Accrued Sick Leave Expense
Accrued Vacation Leave Expense
Accrued Leave Payments
IT & Cybersecurity Personnel

Printing/Toner and Maintenance
Computer Hardware
Cybersecurity Soft/Hardware
Repair/Purchase Radio Comm Eq
IT & Cybersecurity Materials & Supplies

Telephone/Internet Service
Building Alarms and Security
GIS Maintenance and Updates
Membership Dues
Cyber Security Liability Ins
IT/Software Support
License/Maintenance/Support
AMR/AMI Annual Support
IT & Cybersecurity Services

IT & CYBERSECURITY

OPERATIONS

Account Number
01-30-320-550025
01-30-320-550026
01-30-320-550030
01-30-320-550051
01-30-320-580036
330
01-30-330-500190
01-30-330-550008
01-30-330-550014
01-30-330-550030
01-30-330-550036
01-30-330-550050
01-30-330-550051

Expense Total

35
01-35-315-500105
01-35-315-500114
01-35-315-500115
01-35-315-500120
01-35-315-500125
01-35-315-500140
01-35-315-500143
01-35-315-500145
01-35-315-500150
01-35-315-500155
01-35-315-500175
01-35-315-500180
01-35-315-500185
01-35-315-500187

01-35-315-550044
01-35-315-580016
01-35-315-580028
01-35-315-580030

01-35-315-501511
01-35-315-501521
01-35-315-540016
01-35-315-550030
01-35-315-550058
01-35-315-580021
01-35-315-580026
01-35-315-580027

Expense Total

40

$

$
$
$
$
$
$
$
$
$

$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

1,136,700.00

93,000.00
34,000.00
30,000.00
3,000.00
7,500.00
8,000.00
301,000.00
171,200.00
647,700.00

30,000.00
30,000.00
60,900.00
10,000.00
130,900.00

206,300.00
600.00
17,200.00
4,100.00
28,800.00
400.00
100.00
1,600.00
5,000.00
19,200.00
5,300.00
11,600.00
25,000.00
32,900.00
358,100.00

8,732,400.00

16,100.00
1,200.00
6,200.00
1,100.00
2,000.00
76,000.00
900.00
881,500.00

$
$
$
$
$
$
$
$
$

Budget
6,000.00
9,000.00
1,100.00
1,600.00
11,000.00

$
$
$
$
$

$

$
$
$
$
$
$
$
$
$

$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$

$
$
$
$
$
$
$
$

$
$
$
$
$

65,781.73

7,317.26
1,450.90
8,640.00
880.00
12,346.25
6,076.18
36,710.59

686.64
447.40
5,160.33
6,294.37

17,709.44
951.92
222.62
2,386.57
24.80
2.02
84.30
1,395.10
22,776.77

655,913.01

63.53
553.92
140.00
2,339.34
51,246.60

Period Amt
113.21
33.13
-

$

$
$
$
$
$
$
$
$
$

$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$

$
$
$
$
$
$
$
$

$
$
$
$
$

466,565.76

44,859.10
9,753.70
9,600.00
1,609.88
1,100.00
144,940.30
36,862.08
248,725.06

9,353.72
6,755.53
30,054.33
6,028.60
52,192.18

101,005.10
5,843.68
1,366.63
14,319.42
148.80
12.12
495.46
13,119.91
3,480.00
25,857.40
165,648.52

3,752,337.63

341.19
2,468.08
427.00
12,169.30
307,712.31

End Bal
471.80
345.72
499.00
219.79
-

$

$
$
$
$
$
$
$
$
$

$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$

$
$
$
$
$
$
$
$

$
$
$
$
$

670,134.24

48,140.90
24,246.30
20,400.00
1,390.12
7,500.00
6,900.00
156,059.70
134,337.92
398,974.94

20,646.28
23,244.47
30,845.67
3,971.40
78,707.82

105,294.90
600.00
11,356.32
2,733.37
14,480.58
251.20
87.88
1,104.54
5,000.00
6,080.09
1,820.00
11,600.00
25,000.00
7,042.60
192,451.48

4,980,062.37

16,100.00
858.81
3,731.92
1,100.00
1,573.00
63,830.70
900.00
573,787.69

Variance
5,528.20
8,654.28
601.00
1,380.21
11,000.00

$

$
$
$
$
$
$
$
$
$

$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$

$
$
$
$
$
$
$
$

-

-

-

-

-

-

Encumbered
$
$
$
$
$
-

58.95%

51.76%
71.31%
68.00% D
46.34%
100.00%
86.25%
51.85% D
78.47%
61.60%

68.82%
77.48%
50.65%
39.71%
60.13%

51.04%
100.00%
66.03%
66.67%
50.28%
62.80%
87.88%
69.03%
100.00%
31.67%
34.34%
100.00%
100.00%
21.41%
53.74%

57.03%

100.00%
71.57%
60.19%
100.00%
78.65%
83.99%
100.00%
65.09%

% Avail/ Matching
92.14%
96.16%
54.64%
86.26%
100.00%

$

$

From

(20,000.00)

20,000.00

Amount

To

Action

Attachment 2

Account Number
410
01-40-410-500105
01-40-410-500110
01-40-410-500111
01-40-410-500113
01-40-410-500114
01-40-410-500115
01-40-410-500120
01-40-410-500125
01-40-410-500140
01-40-410-500143
01-40-410-500145
01-40-410-500150
01-40-410-500155
01-40-410-500165
01-40-410-500175
01-40-410-500180
01-40-410-500185
01-40-410-500187
01-40-410-500195
430
01-40-430-500105
01-40-430-500110
01-40-430-500111
01-40-430-500114
01-40-430-500115
01-40-430-500120
01-40-430-500125
01-40-430-500140
01-40-430-500143
01-40-430-500145
01-40-430-500150
01-40-430-500155
01-40-430-500165
01-40-430-500175
01-40-430-500180
01-40-430-500185
01-40-430-500187
440
01-40-440-500105
01-40-440-500110
01-40-440-500111
01-40-440-500113
01-40-440-500114
01-40-440-500115
01-40-440-500120
01-40-440-500125
01-40-440-500140
01-40-440-500143
01-40-440-500145
01-40-440-500155
01-40-440-500165
01-40-440-500175

Description
Source of Supply Personnel
Labor
Overtime
Double Time
Standby/On-Call
Incentive Pay
Social Security
Medicare
Health Insurance
Life Insurance
EAP Program
Workers' Compensation
Unemployment Insurance
Retirement/CalPERS
Uniforms and Employee Benefits
Training/Education/Mtgs/Travel
Accrued Sick Leave Expense
Accrued Vacation Leave Expense
Accrued Leave Payments
CIP Related Labor
Cross-Connection/Non-Potable Water Personnel
Labor
Overtime
Double Time
Incentive Pay
Social Security
Medicare
Health Insurance
Life Insurance
EAP Program
Workers' Compensation
Unemployment Insurance
Retirement/CalPERS
Uniforms and Employee Benefits
Training/Education/Mtgs/Travel
Accrued Sick Leave Expense
Accrued Vacation Leave Expense
Accrued Leave Payments
Transmission & Distribution Personnel
Labor
Overtime
Double Time
Standby/On-Call
Incentive Pay
Social Security
Medicare
Health Insurance
Life Insurance
EAP Program
Workers' Compensation
Retirement/CalPERS
Uniforms and Employee Benefits
Training/Education/Mtgs/Travel
535,700.00
42,100.00
19,900.00
14,700.00
3,000.00
44,700.00
10,500.00
138,200.00
900.00
300.00
22,400.00
63,100.00
137,300.00
3,500.00
2,500.00
24,700.00
40,500.00
39,800.00
(22,800.00)
119,900.00
5,400.00
1,500.00
600.00
9,500.00
2,300.00
28,800.00
200.00
100.00
4,900.00
3,000.00
42,400.00
1,000.00
2,000.00
5,600.00
8,600.00
9,800.00
1,470,400.00
86,700.00
37,900.00
22,900.00
6,600.00
118,500.00
27,800.00
318,200.00
2,400.00
900.00
47,900.00
299,000.00
15,500.00
18,500.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

Budget

$
$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

98,680.50
5,853.06
1,433.68
1,960.00
350.00
7,203.24
1,684.61
23,376.12
166.33
28.55
2,862.78
23,068.66
6,838.01
60.00

8,477.87
50.00
566.48
132.48
2,371.82
14.76
2.02
263.69
3,352.82
371.09
228.36
-

34,074.78
1,220.69
48.00
1,120.00
200.00
2,714.18
634.75
11,456.06
65.85
10.10
1,248.71
9,811.46
683.51
90.00
3,775.22
4,137.28
-

Period Amt

$
$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

564,949.32
26,169.80
8,754.60
11,120.00
1,900.00
40,847.26
9,609.03
138,360.19
1,012.31
177.21
16,213.36
136,988.39
9,787.08
14,315.33

48,296.18
2.35
0.94
300.00
3,246.81
759.31
14,186.50
87.14
12.09
1,510.67
19,682.66
44.50
592.79
3,111.41
513.81
-

210,459.58
2,974.83
101.44
6,600.00
1,200.00
15,859.67
3,709.06
68,837.00
395.10
60.60
7,169.84
57,764.68
1,420.45
589.00
17,272.95
18,654.28
4,800.00
(318.48)

End Bal

$
$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

905,450.68
60,530.20
29,145.40
11,780.00
4,700.00
77,652.74
18,190.97
179,839.81
1,387.69
722.79
31,686.64
162,011.61
5,712.92
4,184.67

71,603.82
5,397.65
1,499.06
300.00
6,253.19
1,540.69
14,613.50
112.86
87.91
3,389.33
3,000.00
22,717.34
955.50
1,407.21
2,488.59
8,086.19
9,800.00

325,240.42
39,125.17
19,798.56
8,100.00
1,800.00
28,840.33
6,790.94
69,363.00
504.90
239.40
15,230.16
63,100.00
79,535.32
2,079.55
1,911.00
7,427.05
21,845.72
35,000.00
(22,481.52)

Variance

$
$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

-

-

-

Encumbered

61.58%
69.82%
76.90%
51.44%
71.21%
65.53%
65.44%
56.52%
57.82%
80.31%
66.15%
54.18%
36.86%
22.62% E

59.72%
99.96%
99.94%
50.00%
65.82%
66.99%
50.74%
56.43%
87.91%
69.17%
100.00%
53.58%
95.55%
70.36% E
44.44%
94.03%
100.00%

60.71%
92.93%
99.49%
55.10%
60.00%
64.52%
64.68%
50.19%
56.10%
79.80%
67.99%
100.00%
57.93%
59.42%
76.44%
30.07%
53.94%
87.94%
98.60%

% Avail/ Matching

To

From

Action

$

$

1,500.00

(1,500.00)

Amount

Attachment 2

Account Number
01-40-440-500180
01-40-440-500185
01-40-440-500187
01-40-440-500195
450
01-40-450-500105
01-40-450-500110
01-40-450-500111
01-40-450-500113
01-40-450-500115
01-40-450-500120
01-40-450-500125
01-40-450-500140
01-40-450-500143
01-40-450-500145
01-40-450-500155
460
01-40-460-500105
01-40-460-500110
01-40-460-500111
01-40-460-500113
01-40-460-500114
01-40-460-500115
01-40-460-500120
01-40-460-500125
01-40-460-500140
01-40-460-500143
01-40-460-500145
01-40-460-500155
01-40-460-500165
01-40-460-500175
01-40-460-500180
01-40-460-500185
01-40-460-500187
01-40-460-500195
470
01-40-470-500105
01-40-470-500110
01-40-470-500111
01-40-470-500113
01-40-470-500114
01-40-470-500115
01-40-470-500120
01-40-470-500125
01-40-470-500140
01-40-470-500143
01-40-470-500145
01-40-470-500155
01-40-470-500165
01-40-470-500175
01-40-470-500180
01-40-470-500185
01-40-470-500187

Incentive Pay
Social Security
Medicare
Health Insurance
Life Insurance
EAP Program
Workers' Compensation
Retirement/CalPERS
Uniforms and Employee Benefits
Training/Education/Mtgs/Travel
Accrued Sick Leave Expenses
Accrued Vacation Expenses
Accrued Leave Payments

Description
Accrued Sick Leave Expense
Accrued Vacation Leave Expense
Accrued Leave Payments
CIP Related Labor
Inspections Personnel
Labor
Overtime
Double Time
Standby/On-Call
Social Security
Medicare
Health Insurance
Life Insurance
EAP Program
Workers' Compensation
Retirement/CalPERS
Customer Svc & Meter Reading Personnel
Labor
Overtime
Double Time
Standby/On-Call
Incentive Pay
Social Security
Medicare
Health Insurance
Life Insurance
EAP Program
Workers' Compensation
Retirement/CalPERS
Uniforms and Employee Benefits
Training/Education/Mtgs/Travel
Accrued Sick Leave Expense
Accrued Vacation Leave Expense
Accrued Leave Payments
CIP Related Labor
Maintenance & General Plant Personnel
Labor
Overtime
Double Time

Budget
78,700.00
109,800.00
94,800.00
(200,000.00)
67,900.00
7,900.00
3,200.00
2,800.00
5,300.00
1,300.00
18,600.00
200.00
100.00
2,900.00
13,900.00
293,400.00
17,500.00
6,200.00
2,800.00
1,200.00
23,000.00
5,400.00
89,500.00
500.00
200.00
12,100.00
87,100.00
1,500.00
600.00
9,100.00
17,000.00
19,100.00
(41,000.00)
221,700.00
8,800.00
3,400.00
2,800.00
1,200.00
16,300.00
3,900.00
63,400.00
400.00
200.00
9,200.00
21,100.00
2,000.00
2,000.00
7,500.00
9,600.00
5,200.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$

$
$
$
$

20,669.64
129.18
100.00
1,328.46
310.72
4,946.33
38.60
8.14
613.12
1,899.48
585.97
297.01
212.15
-

17,911.43
1,257.50
294.09
5,261.70
32.53
5.89
585.47
6,580.44
479.64
(346.46)
1,764.18
(598.94)

4,639.83
1,271.86
368.52
86.20
1,317.29
6.40
1.34
158.99
409.74

Period Amt
4,089.84
3,387.36
(288.46)

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$

$
$
$
$

110,864.71
601.93
600.00
7,339.68
1,716.60
31,224.10
200.65
40.11
3,374.56
10,498.12
985.97
475.00
2,750.25
3,479.89
-

97,708.59
358.39
6,810.21
1,592.70
30,858.66
182.35
32.06
3,166.76
38,164.94
568.50
1,535.74
4,088.61
(2,418.06)

35,745.46
4,225.13
34.87
2,487.41
581.78
6,045.73
53.85
11.64
1,113.60
3,181.64

End Bal
20,984.86
13,568.73
16,734.51
(8,321.20)

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$

$
$
$
$

110,835.29
8,198.07
3,400.00
2,800.00
600.00
8,960.32
2,183.40
32,175.90
199.35
159.89
5,825.44
10,601.88
1,014.03
1,525.00
4,749.75
6,120.11
5,200.00

195,691.41
17,141.61
6,200.00
2,800.00
1,200.00
16,189.79
3,807.30
58,641.34
317.65
167.94
8,933.24
48,935.06
931.50
600.00
7,564.26
12,911.39
19,100.00
(38,581.94)

32,154.54
3,674.87
3,165.13
2,800.00
2,812.59
718.22
12,554.27
146.15
88.36
1,786.40
10,718.36

Variance
57,715.14
96,231.27
78,065.49
(191,678.80)

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$
$

-

-

-

Encumbered
$
$
$
$
-

49.99%
93.16%
100.00%
100.00%
50.00%
54.97%
55.98%
50.75%
49.84%
79.95%
63.32%
50.25%
50.70%
76.25%
63.33%
63.75%
100.00%

66.70%
97.95%
100.00%
100.00%
100.00%
70.39%
70.51%
65.52%
63.53%
83.97%
73.83%
56.18%
62.10%
100.00%
83.12%
75.95%
100.00%
94.10%

47.36%
46.52%
98.91%
100.00%
53.07%
55.25%
67.50%
73.08%
88.36%
61.60%
77.11%

% Avail/ Matching
73.34%
87.64%
82.35%
95.84%

Action

Amount

Attachment 2

Description
OPERATIONS Personnel

Source of Supply Materials & Supplies
Electricity - Wells
Gas - Wells
Treatment and Chemicals
Lab Testing
Small Tools, Parts, & Maint
Maint & Repair-Telemetry
Maint & Repair-Pumping Equip
Minor Capital Acquisitions
Office Supplies
Subscriptions
Cross-Connection/Non-Potable Water Materials & Supplies
Small Tools Parts & Maint
Backflow Maintenance
Office Supplies
Subscriptions
Transmission & Distribution Materials & Supplies
General Safety Supplies
Small Tools, Parts, & Maint
Maint & Repair-Pipeline/FireHy
Maint & Repair-Hydraulic Valve
Minor Capital Acquisitions
Inventory Adjustments
Line Locates
Meters Maintenance & Services
Reservoir Maintenance
Maintenance & General Plant Materials & Supplies
Electricity -560 Magnolia Ave
Electricity -12303 Oak Glen Rd
Electricity -13695 Oak Glen Rd
Electricity -13697 Oak Glen Rd
Electricity -9781 AveMiravilla
Electricity -815 E 12th St
Electricity -851 E 6th St
Electricity -37612 Ch Val Blvd
Gas-37612 Ch Va Blv
Propane -12303 Oak Glen Rd
Propane -13695 Oak Glen Rd
Propane -13697 Oak Glen Rd
Propane -9781 AveMiravilla
Sanitation -560 Magnolia Ave
Sanitation -815 E 12th Ave
Sanitation -11083 Cherry Ave
Sanitation - 39500 Brookside
Sanitation -37612 Ch Val Blvd
Property Maintenance & Repairs
Maint & Repair-560 Magnolia
Maint & Repair-12303 Oak Glen
Maint & Repair-13695 Oak Glen
Maint & Repair-13697 Oak Glen
Maint & Repair-9781 Avenida

Account Number

410
01-40-410-501101
01-40-410-501201
01-40-410-510011
01-40-410-510021
01-40-410-510031
01-40-410-520021
01-40-410-520061
01-40-410-530001
01-40-410-550042
01-40-410-550066
430
01-40-430-510031
01-40-430-540001
01-40-430-550042
01-40-430-550066
440
01-40-440-500178
01-40-440-510031
01-40-440-520071
01-40-440-520081
01-40-440-530001
01-40-440-540024
01-40-440-540036
01-40-440-540042
01-40-440-540078
470
01-40-470-501111
01-40-470-501121
01-40-470-501131
01-40-470-501141
01-40-470-501151
01-40-470-501161
01-40-470-501171
01-40-470-501181
01-40-470-501281
01-40-470-501321
01-40-470-501331
01-40-470-501341
01-40-470-501351
01-40-470-501411
01-40-470-501461
01-40-470-501471
01-40-470-501481
01-40-470-501491
01-40-470-501600
01-40-470-501611
01-40-470-501621
01-40-470-501631
01-40-470-501641
01-40-470-501651
3,000,000.00
500.00
225,000.00
100,000.00
10,000.00
5,000.00
128,000.00
500.00
1,600.00
500.00
2,000.00
40,800.00
200.00
500.00
12,000.00
40,000.00
145,000.00
50,000.00
20,000.00
50,000.00
4,800.00
250,000.00
50,000.00
44,000.00
2,600.00
4,000.00
5,000.00
3,000.00
15,400.00
5,400.00
700.00
350.00
2,000.00
4,000.00
5,500.00
2,300.00
8,000.00
8,000.00
8,000.00
8,000.00
350.00
4,000.00
83,600.00
21,000.00
3,000.00
3,000.00
4,500.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

Budget
4,971,100.00

$
$
$
$
$
$
$
$
$
$

$

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$

$
$
$
$

$
$
$
$
$
$
$
$
$
$

$

6,460.59
32.89
139.74
368.21
163.93
39.15
454.66
276.38
554.16
377.05
529.61
81.88
2,064.19
-

1,247.89
828.80
41,335.34
242.20
11,670.83
-

32.84
-

274,223.62
14.30
20,060.70
10,651.00
385.96
48,169.21
26.88
-

Period Amt
340,502.70

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$

$
$
$
$

$
$
$
$
$
$
$
$
$
$

$

19,276.19
227.73
709.62
1,618.21
743.92
1,301.40
2,216.59
786.75
1,086.27
205.00
1,909.90
3,324.96
2,262.30
3,177.66
81.88
22,140.65
531.36

5,762.18
9,373.49
117,677.43
15,843.64
2,582.22
140,632.03
1,391.37

80.64
5,859.94
-

1,229,573.33
88.27
75,872.90
58,706.57
6,012.21
110,879.70
1,346.68
-

End Bal
1,943,350.07

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$

$
$
$
$

$
$
$
$
$
$
$
$
$
$

$

24,723.81
2,372.27
3,290.38
3,381.79
2,256.08
14,098.60
3,183.41
700.00
350.00
2,000.00
3,213.25
4,413.73
2,095.00
6,090.10
4,675.04
5,737.70
4,822.34
350.00
3,918.12
61,459.35
21,000.00
3,000.00
3,000.00
3,968.64

6,237.82
30,626.51
27,322.57
34,156.36
20,000.00
50,000.00
2,217.78
109,367.97
48,608.63

1,919.36
34,940.06
200.00
500.00

1,770,426.67
411.73
149,127.10
41,293.43
3,987.79
5,000.00
17,120.30
500.00
253.32
500.00

Variance
3,027,749.93

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$

$
$
$
$

$
$
$
$
$
$
$
$
$
$

-

1,781.41
3,356.11
-

-

-

Encumbered
$
-

56.19%
91.24% I, J, K
82.26%
67.64%
75.20%
91.55%
58.95%
100.00% J
100.00% I
100.00%
80.33%
80.25%
91.09%
76.13%
58.44%
71.72%
60.28%
100.00% K
97.95%
73.52%
100.00% L
100.00%
100.00%
88.19%

51.98%
76.57%
17.61%
68.31%
100.00% F
100.00%
46.20% H
42.40% F
97.22%

95.97%
85.64%
100.00%
100.00%

59.01%
82.35%
66.28%
41.29%
39.88%
100.00%
13.38% L
100.00%
15.83%
100.00%

% Avail/ Matching
60.91%

$

$
$

$

$

To
To

To

From

$
$

To
To

From

$

$

(10,000.00)

350.00

700.00
350.00

(1,400.00)

1,000.00
20,000.00

(20,000.00)

10,000.00

Amount

From

To

Action

Attachment 2

Description
Maint & Repair-815 E 12th St
Maint & Repair-851 E 6th St
Maint & Repair-39500 Brookside
Maint & Repair-Buildings(Gen)
Auto/Fuel
CIP Related Fuel
Maint & Repair-Safety Equip
Maint & Repair-General Equip
Maintenance & Repair-Fleet
Maintenance & Repair-Paving
Maint & Repair-Paving-Beaumont
Minor Capital Acquisitions
Encroachment Permits

Source of Supply Services
State Project Water Purchases
Regulations Mandates & Tariffs
Membership Dues
Advertising/Legal Notices
Cross-Connection/Non-Potable Water Services
Membership Dues
Advertising/Legal Notices
Transmission & Distribution Services
Membership Dues
Advertising/Legal Notices
Customer Svc & Meter Reading Services
Membership Dues
Maintenance & General Plant Services
Landscape Maintenance
NCRF, Canyons, & Pond Maint
Membership Dues
OPERATIONS Services

OPERATIONS

GENERAL
Stipend-Association Mtg Attend
Personnel

Rents/Leases
Small Tools, Parts, & Maint
Property Damage and Theft
General Supplies
Public Ed/Community Outreach
Miscellaneous Operating Exp
Disaster Prepared Ongoing Exp
General Materials & Supplies

Beaumont Basin Watermaster
SAWPA Basin Monitoring Program
General Services

Account Number
01-40-470-501661
01-40-470-501671
01-40-470-501681
01-40-470-501691
01-40-470-510001
01-40-470-510002
01-40-470-520011
01-40-470-520031
01-40-470-520041
01-40-470-520051
01-40-470-520053
01-40-470-530001
01-40-470-540052

410
01-40-410-500501
01-40-410-540084
01-40-410-550030
01-40-410-550051
430
01-40-430-550030
01-40-430-550051
440
01-40-440-550030
01-40-440-550051
460
01-40-460-550030
470
01-40-470-540030
01-40-470-540072
01-40-470-550030

Expense Total

50
01-50-510-500112

01-50-510-502001
01-50-510-510031
01-50-510-540066
01-50-510-550040
01-50-510-550060
01-50-510-550072
01-50-510-550074

01-50-510-550096
01-50-510-550097

1,500.00
2,000.00
100.00
90,000.00
260,300.00
100.00
5,014,800.00

$
$
$
$
$
$
$

$
$
$

$
$
$
$
$
$
$
$

$
$

135,000.00
37,000.00
172,000.00

41,000.00
1,000.00
60,000.00
15,800.00
25,000.00
1,000.00
11,000.00
154,800.00

2,000.00
2,000.00

15,229,300.00

2,500.00
500.00

$
$

$

4,468,800.00
185,000.00
2,000.00
2,000.00

Budget
50,000.00
5,000.00
4,000.00
29,000.00
179,300.00
(10,000.00)
10,000.00
100,000.00
90,000.00
100,000.00
270,000.00
14,000.00
20,000.00
5,243,400.00

$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$

Period Amt
1,003.73
354.14
76.00
1,159.42
12,047.27
13,039.68
5,288.40
453,400.65

-

-

-

$
$
$

$
$
$
$
$
$
$
$

$
$

8,045.01
8,045.01

2,996.00
379.82
498.99
3,874.81

75.00
75.00

$ 2,207,814.97

$
8,634.41
$
19,317.03
$
$ 1,413,911.62

$

$
$

$
$

$ 1,375,752.00
$
10,208.18
$
$
-

$
$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
$

$
$
$
$
$
$
$
$

$
$

$

$
$
$
$

$

$
$

$
$

$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$

40,419.12
40,419.12

17,976.00
331.90
3,099.95
6,214.81
2,367.01
29,989.67

375.00
375.00

7,919,276.97

36,211.28
131,305.43
3,836,988.56

-

-

1,633.26
-

3,601,773.00
65,548.57
517.02

End Bal
13,900.44
2,704.60
2,430.20
17,965.98
74,469.27
87.02
40,108.08
49,209.72
81,570.10
13,209.94
2,138,938.34

$
$
$

$
$
$
$
$
$
$
$

$
$

$

$
$
$
$

$

$
$

$
$

$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$
$
$

94,580.88
37,000.00
131,580.88

23,024.00
1,000.00
59,668.10
12,700.05
18,785.19
1,000.00
8,632.99
124,810.33

1,625.00
1,625.00

7,310,023.03

53,788.72
128,994.57
100.00
1,177,811.44

100.00

1,500.00
2,000.00

866.74
500.00

867,027.00
119,451.43
2,000.00
1,482.98

Variance
36,099.56
2,295.40
1,569.80
11,034.02
104,830.73
(10,000.00)
9,912.98
59,891.92
40,790.28
100,000.00
188,429.90
790.06
20,000.00
3,104,461.66

$
$
$

$
$
$
$
$
$
$
$

$
$

$

$
$
$
$

$

$
$

$
$

$
$
$
$

-

-

-

5,137.52

-

-

-

-

-

Encumbered
$
$
$
$
$
$
$
$
$
$
$
$
$
$
5,137.52

70.06%
100.00%
76.50%

56.16% O
100.00%
99.45%
80.38% O
75.14%
100.00%
78.48%
80.63%

81.25%
81.25%

47.97%

59.77%
49.56%
100.00%
23.49%

100.00%

100.00%
100.00% G,H

34.67%
100.00%

19.40%
64.57%
100.00%
74.15% G

% Avail/ Matching
72.20%
45.91%
39.25% M
38.05% M
58.47%
100.00%
99.13%
59.89%
45.32% N
100.00% N
69.79%
5.64%
100.00%
59.11%

$

$

From

$

To

From

$

$
$

To
From

To

$
$

(4,000.00)

4,000.00

(2,000.00)

1,000.00

20,000.00
(20,000.00)

1,000.00
(1,000.00)

Amount

To
From

Action

Attachment 2

Description
GENERAL

ALL EXPENSES

Account Number
Expense Total

Expense Total

$

$
26,790,200.00

Budget
328,800.00

Period Amt
11,994.82

$ 3,038,289.66

$

End Bal
70,783.79

$ 12,739,453.67

$

Variance
258,016.21

$ 14,050,746.33

$
$

5,137.52

Encumbered
$
52.43%

% Avail/ Matching
78.47%

Action

Amount

Attachment 2

Beaumont-Cherry Valley Water District
Regular Board Meeting
August 12, 2026

Item 7

STAFF REPORT
TO:

Board of Directors

FROM:

Dan Jaggers, General Manager

SUBJECT:

2027 Imported Water Order from the San Gorgonio Pass Water Agency

Staff Recommendation
1. Determine the designated amount (acre-feet) of desired purchase of imported water,
2. Authorize a not-to-exceed payment of the cost of the water ($399 per acre-foot) to the SGPWA
for delivery to the Beaumont-Cherry Valley Water District Noble Creek Recharge Facility for
Calendar Year 2027, and
3. Authorize the General Manager to execute the letter addressed to the San Gorgonio Pass
Water Agency regarding the Supplemental Water Order Form for 2027.
Executive Summary
District staff anticipates 2027 supplemental water supplies that will most likely be available from the
SGPWA will exceed BCVWD water replenishment needs, as well as Yucaipa Valley Water District
(YVWD) direct delivery needs and replenishment request, and the City of Banning’s replenishment
needs and banking request as outlined in the District’s Draft SGPWA Supplemental Water Order
Letter for 2027 (Attachment 1).
Based on the above, District staff suggests a request from the SGPWA:
x 11,200 acre-feet (af) for replenishment
x 2,800 af for banking (if available)
The goal of the District’s 2027 supplemental water order is to continue to increase the District’s
Beaumont Basin Watermaster storage account from 45,470 af (end of 2025) to provide for droughtproofing during dry years.
Background
The SGPWA is the regional State Water Contractor which serves Beaumont-Cherry Valley Water
District (BCVWD), Yucaipa Valley Water District (YVWD), the City of Banning, and others in the San
Gorgonio Pass area. BCVWD obtains imported water from the SGPWA to serve its ratepayers and
to recharge the adjudicated Beaumont Basin.
Per SGPWA Ordinance No. 9, the imported water supply order must be submitted to the SGPWA by
September 1, 2026 for 2027 water deliveries.

Summary
Analysis of 2019 through 2025 water consumption data and weather conditions which affect
consumption from the Beaumont Basin suggest a supplemental water order value of 11,200 af for
calendar year 2027. Staff also understands that 2027 water supplies may include some additional
available supply and therefore it is possible, as in past practice, to order an additional 2,800 af to be
added to replenishment if available.
Due to the statewide water supply conditions in 2019 through 2022, water supplies necessary to
replenish the Beaumont Basin for the District’s extraction requirements were not available to balance
extraction. Because of this imbalance, the District extracted water from its Beaumont Basin
Watermaster storage account, depleting the balance by 16,507.5 af from its 2020 peak. The District’s
Beaumont Basin Watermaster storage account is now in excess of its prior 2020 high balance, and
has achieved a level of 45,470 as of the end of 2025.
Table 1 (acre-feet)
Year end

Replenishment

Balance

2020 peak

39,945.90

2021

-7,619.40

32,081.12

2022

-8,888.10

23,193.02

2023

9,692.00

32,884.10

2024

5,429.20

38,313.30

2025

7,156.70

45,470.00

2026*

2,800.00

48,270.00

*estimated

BCVWD’s suggested 2027 water order strategy is to order up to 14,000 af of water. This vote would
authorize purchase of 11,200 af or an amount determined by the Board. Additional authorization will
be requested from the Board of Directors in 2027 should further actual supplies be available and
desired. This strategy is outlined in the Supplemental Water Order for BCVWD for 2027 (Attachment
1) and is based upon anticipated available supplies, potential water orders from YVWD and the City
of Banning, as well as anticipated State Water Project (SWP) supplies for 2027 (including SGPWA’s
possible 2026 carryover supplies).
Fiscal Impact
If the proposed water supply is available, the cost to the District may be as follows:
Table 2: 2027 Water Order Fiscal Impact
Description

Quantity (AF)

Estimated 2027 Water Consumption
Additional Water Replenishment Request
Total

11,200
2,800
14,000

SGPWA Imported
Water Rate ($/AF)
399.00
399.00
399.00

Attachment: 1. Draft 2027 Supplemental Water Order Letter to SGPWA
Report prepared by Dan Jaggers, General Manager

Cost ($)
$
$
$

4,468,800.00
1,117,200.00
5,586,000.00

Beaumont-Cherry Valley Water District
560 Magnolia Avenue, Beaumont, CA 92223
https://bcvwd.gov/

September 1, 2026

Board of Directors
Andy Ramirez
Division 1
Lona Williams
Division 2

Lance Eckhart, General Manager
San Gorgonio Pass Water Agency
1210 Beaumont Avenue
Beaumont, California 92223

Daniel Slawson
Division 3

Subject:

John Covington
Division 4

Dear Mr. Eckhart,

David Hoffman
Division 5

Beaumont-Cherry Valley Water District Water Order for 2027

The Beaumont-Cherry Valley Water District (BCVWD) is interested in ordering a
portion of the imported water supplies that may be available through SGPWA, the
State Water Contractor, during 2027, including State Water Project (SWP) Table
A and supplemental supplies.
BCVWD’s objectives are:
x Maximize recharge and storage to aid in drought-proofing
x Align with current replenishment need
x Provide some drought-proofing for new homes and future needs
The adopted 2025 San Gorgonio Pass Regional Urban Water Management Plan
identifies the imported water supply portfolio summarized in Table 1. Because
the California Department of Water Resources has not yet established the 2027
SWP allocation, the amounts shown are planning references rather than a
forecast of actual 2027 supply. Actual availability will depend on the 2027
allocation, carryover balances, conveyance capacity, and transfer opportunities.

Table 1 – SGPWA Imported Water Supply Portfolio (2025 RUWMP)
SWP – Table A
SWP – Article 36
SWP – Article 21
SWP – Ventura
Nickel Water
Yuba Accord Water
Total available supply

9,342 (average)
~2,200 avg stored (variable)
Variable
5,400 (average) (variable)
1,700
300
18,942

*Source: Adopted 2025 RUWMP

1

Allocation varies (54% average)
Carryover in San Luis Reservoir
Intermittent surplus water
Agreement through 2042 (54% Avg)
Highly reliable in all year types
Dry year water

BCVWD further anticipates that the City of Banning and the Yucaipa Valley Water District (YVWD)
will be ordering up to 2,200 af collectively to supply their 2027 water demands and estimates that,
absent hydraulic constraints in the East Branch and the State Water Project and with an average
delivery rate of 25.0 cfs using both the District’s Noble Creek Turnout and SGPWA’s turnout, a
water order of 20,000 to 25,000 AF could be achieved and reasonably recharged in 12 months of
operation.
Table 2 – Estimated 2027 Water Orders for the City of Banning and YVWD
Replenishment (AF)
/ Direct Recharge

Supplemental Water
(AF) Recharge

Total Order (AF)

Banning

2,000

0

2,000

Yucaipa

200

0

200

2027 Banning and YVWD Estimated Subtotal

2,200

Water Order
x

11,200 af for direct replenishment of the District’s Beaumont Basin Storage Account

x

2,800 af for continued drought proofing via the District’s Beaumont Basin Watermaster
account
Table 3 – BCVWD 2027 Conditional Water Order (1)
BCVWD Conditional Water Order
SWP/Supplemental Water Order (based on
projected demands)
Replacement of water removed from BBWM
Storage Account and drought-proofing

2027 Water Order Sub-Total

2027 Water Order (af)
11,200
2,800

14,000

(1) BCVWD’s Conditional Water Order is based upon current rates of $399 per acre-foot.

BCVWD reserves the right to modify the total water order amount in the event the SGPWA
raises the wholesale water rate from the current $399 per af.
Please contact me if you have any questions.
BEAUMONT-CHERRY VALLEY WATER DISTRICT

Daniel K. Jaggers
General Manager
Tel:

(951) 845-9581 | Fax: (951) 845-0159
Email: [email protected]

Beaumont-Cherry Valley Water District
Regular Board Meeting
August 12, 2026

Item 8

STAFF REPORT
TO:

Board of Directors

FROM:

Dan Jaggers, General Manager

SUBJECT:

Consideration of Attendance at Upcoming Events and Authorization of
Reimbursement and Per Diem

Staff Recommendation
If desired, offer a motion to approve:
I move that the Board pre-approve the attendance of all directors at these events for purposes of per
diem and reimbursement of associated reasonable and necessary expenses per District policy:
(List specific events for approval and any conditions such as cap on expenses)
Executive Summary
Event attendance is governed by BCVWD Policies and Procedures Manual Policy 4060 Training,
Education and Conferences, and Policy 4065 Remuneration / Director Per Diem Fees. Cost control is
provided by Policies 4070 Payment or Reimbursement of Expenses Incurred on District Business and
Policy 4075 Expenditure / Reimbursement Procedure. The Board is responsible for evaluating director
attendance at upcoming events for possible pre-approval or approval after attendance for compensation
and / or expense reimbursement pursuant to these policies.
Directors desiring to attend events not specifically enumerated and preauthorized by BCVWD policy
should obtain pre-approval via vote of the Board in order to receive a per diem and/or expense
reimbursement. The Board may vote to pre-approve any selected activities that are not preapproved. A
Travel Plan of estimated expenses for travel are provided but may vary. The Board may set any cap or
limitations as deemed appropriate to comport with the “reasonable and necessary” doctrine. Expenses
listed in the Travel / Event Plan as enumerated will be assumed by staff to be authorized / preapproved.
Expenses differing from or beyond those in the Travel / Event Plan will be presented to the Board for
approval.
Per Government Code 53232.3(d), Directors will either prepare a written report for distribution to the
Board or make a verbal report during the next regular meeting of the Board.
Upcoming Events
For registration of attendance at any event, Board members should contact the Administrative Assistant.
Following are activities and events that are, may already be, or can be voted to be preapproved for per
diem and/or expense reimbursement for attendance. The Board may set any limitations or caps on
authorized expenses as desired.

Oct. 7, 2026
Oct. 29, 2026
Dec. 1 - 3, 2026

1 SAVE THE DATE
City of Beaumont State of the City
Water Education Foundation annual Water Summit
ACWA 2026 Fall Conference in Anaheim

2

NEW EVENTS

DATE / TIME

EVENT A – Tomorrow

Thu. Aug. 13
1 to 2 p.m.

ACWA Live Webinar: Vision for our Water Future Initiative
update

APPROVAL

$0 / FREE
On March 20, the ACWA Board of Directors unanimously
adopted the Vision for Our Water Future policy document.
This document establishes a unified set of water priorities to
guide engagement with California’s next Administration.
Join ACWA on Aug 13 (1:00 PM – 2:00 PM) for this membersonly webinar to get an update on this initiative.

Preapproved
(Table A, 2)

DIRECTOR INTEREST
COVINGTON

HOFFMAN

RAMIREZ
YES*
WILLIAMS

SLAWSON

Link to more info here:
https://www.acwa.com/wp-content/uploads/2026/04/ACWAVision-Document_FINAL.pdf

DATE / TIME

EVENT B – Conflicts with the Urban Water Institute

Thu. Aug. 20
Noon – 1 p.m.

Water Education for Latino Leaders (WELL) Webinar:
Water at the Crossroads — Policy Shifts, Local Impacts,
and Community Resilience

APPROVAL

Requires
vote

$0 / FREE
Public policy changes at the state and regional levels are
reshaping the future of water management across California,
with significant implications for affordability, reliability, and
long-term planning. As communities navigate a changing
regulatory landscape, understanding these shifts is critical to
addressing both immediate and long-term water challenges.
The webinar will examine how changes in water policy and
supply affect local reliability, service delivery, ratepayers,
economic development, and community resilience.
Participants will explore how decisions in one region can
create ripple effects across the state and what these shifts
mean for cities, counties, schools, water districts, and the
residents they serve.

DATE / TIME

EVENT C – NEW EVENT

Mon. Aug 31 –
Thu Sept 3
3-4 days

Rogue Water Lab – Catalyst conference
A three-day communications and public trust accelerator
for water leaders (Westgate, San Diego)

APPROVAL

$895 Registration ($4,660 est. total)
Catalyst is more than an event. It’s a professional accelerator.
Its mission: to harness the collective power of water sector
communicators and educators around industry-leading
interactive experiences, and to deliver real-world impact that
elevates the visibility and value of strategic communications as

Requires
vote

DIRECTOR INTEREST
COVINGTON

HOFFMAN

RAMIREZ
NO**
WILLIAMS
NO**

SLAWSON
NO**

** Directors
will be in
attendance
at the UWI
in
Coronado

DIRECTOR INTEREST
COVINGTON

HOFFMAN

RAMIREZ

SLAWSON

WILLIAMS

the true vehicle for making positive and lasting change in the
industry and in the communities we serve.
Rogue Water Lab is a nonprofit communications and
engagement studio dedicated to building public trust in water.
We sp