On the agenda: Riverside meeting — data center (Oct 7)

WESTERN MUNICIPAL WATER DISTRICT
14205 Meridian Parkway, Riverside, CA 92518
REGULAR BOARD MEETING
OCTOBER 7, 2026, at 9:30 A.M.
To join the Zoom virtual meeting: https://wmwd.zoom.us/j/88456987230
or telephone access: (669) 219‐2599 or (669) 900‐6833
Meeting ID: 884 5698 7230
Members of the public may view and/or participate in this meeting in person, online via
Zoom, or by viewing the live‐streamed meeting at www.WesternWaterCA.gov. This
meeting may also be video recorded for on demand viewing and broadcasting purposes.
Primary notice of this meeting will be the physical posting of the agenda in the public
notice area, located at the District’s Headquarters office, 14205 Meridian Parkway,
Riverside, California 92518. In addition, every effort will be made to publish this agenda
on the District’s website at: westernwaterca.gov/agendacenter, subject to technical
difficulties, such as power failure, internet disruption, or other third-party interference.
Members of the public may comment on any item within the jurisdiction of the District, or
any item on the agenda, in person, via Zoom at the time noted on the agenda, or by
submitting a written comment on the District website at the following web address:
https://wmwd.com/publiccomments, in‐person or via U.S. Mail addressed to by in‐person
delivery or via U.S. Mail addressed to the District’s Headquarters office. Written
comments received by 4:30 p.m. on October 6, 2026, will become part of the Board
meeting record. Pursuant to Government Code Section 54957.5, any writing that (1) is a
public record; (2) relates to an agenda item set for open session of a regular meeting of
the Board of Directors; and (3) is distributed less than 72 hours prior to that meeting, will
be made available for public inspection at the time the writing is distributed to the Board
of Directors. Any such writing will be available for public inspection at the District office
located at 14205 Meridian Parkway, Riverside, California 92518. In addition, such writing
may also be posted on the District’s website at westernwaterca.gov/agendacenter.
Any person with a disability who requires a modification or accommodation in order to
participate in this meeting, or the agenda or agenda packet documents made available in
an appropriate alternative format, or any person with limited English proficiency (LEP)
who requires language assistance to communicate with the Western Municipal Water
District Board of Directors during the meeting, should contact the Western Municipal
Water District Board Secretary at (951) 571‐7209 or [email protected], no less
than 72 hours prior to this meeting, to enable the Western Municipal Water District to
make reasonable arrangements to ensure accessibility or language assistance for this
meeting.

Western Water | Regular Board Meeting
October 7, 2026

1. CALL TO ORDER
2. ROLL CALL
3. PLEDGE OF ALLEGIANCE
Led by Jake Arballo, Operations Technician II, Engineering – Operations Department –
Production and Distribution
4. PUBLIC COMMENTS

Members of the public may address the Board regarding any item within the subject matter
jurisdiction of the Board; however, no action may be taken on off‐agenda items unless authorized
by law. Comments will be limited to matters not listed on the agenda. Members of the public may
comment on any matter listed on the agenda at the time that the Board considers that matter. Each
individual’s comment will be limited to a maximum of three (3) minutes; however, the Presiding
Officer reserves the right to reduce the amount of time each individual can speak to ensure all
members of the public have an opportunity to comment.

5. CONSENT CALENDAR

Consent Calendar items are expected to be routine and non‐controversial and are to be acted upon
by the Board by one motion, without discussion. If any Board member, staff member, or interested
person requests that an item be removed from the Consent Calendar for further discussion, it will
be moved to the first item on the Action Agenda.

A. Approve the Minutes of the September 16, 2026, Regular Board Meeting
B. Receive and File the September 2026 Government Affairs and Legislative Update
C. Receive and File the Quarterly Investment Report for the Period Ended June 30,
2026
D. Receive and File the June and July 2026 Cash Disbursement Reports
E. Adopt Resolution 3398 Approving Fourth Amendment to the Western Municipal
Water District Retirement Medical Benefits Plan
6. ITEMS TO BE ADDED TO THE AGENDA

(If any) In accordance with Section 54954.2 of the Government Code, upon determination by a two‐
thirds vote of the legislative body, or, if less than two‐thirds of the members are present, a
unanimous vote of those members present that there is a need to take action, and the need to take
action arose after the agenda was posted.

Western Water | 14205 Meridian Parkway, Riverside | 951.571.7100 | WesternWaterCA.gov

Western Water | Regular Board Meeting
October 7, 2026
7. ACTION AGENDA

The following items on the Action Agenda call for discussion and action by the Board. All items are
placed on the Agenda so that the Board may discuss and take action on the item if the Board is so
inclined.

A. Adopt a Resolution Recognizing the Week of October 3 to October 11, 2026, as
Water Professionals Appreciation Week
B. Receive and File a Verbal Report Regarding Emergency Repair of the Mills Gravity
Line and Declare a Continued State of Emergency
8. REPORTS

The following agenda items are reports. They are placed on the agenda to provide information to
the Board and the public. There is no action called for regarding these matters.

A. GENERAL COUNSEL REPORT
1. Report of General Counsel
B. GENERAL MANAGER AND STAFF REPORTS
1. General Manager’s Report
2. 2026 Development Services Update
3. Water Supply Conditions Update
C. DIRECTORS COMMENTS AND REQUESTS
1. Report by SAWPA Representative
2. Report by MWD Representative
3. Report by CBWM Representative
4. Report by CDA Representative
5. Report by WRCRWA Representative
6. Report by WRCOG Representative
7. Report by SRRRA Representative
8. Report by ACWA Representative
9. Directors' Comments
10. Request for Future Agenda Items

Western Water | 14205 Meridian Parkway, Riverside | 951.571.7100 | WesternWaterCA.gov

Western Water | Regular Board Meeting
October 7, 2026
9. CLOSED SESSION
A. CONFERENCE WITH LEGAL COUNSEL – ANTICIPATED LITIGATION
Initiation of Litigation Pursuant to Paragraph (4) of Subdivision (d) of
Section 54956.9:
One (1) or more cases
10. NEXT MEETING
A. Wednesday, October 21, 2026, at 9:30 a.m.
11. ADJOURNMENT

Western Water | 14205 Meridian Parkway, Riverside | 951.571.7100 | WesternWaterCA.gov

WESTERN MUNICIPAL WATER DISTRICT
MINUTES OF THE
REGULAR BOARD MEETING
OF SEPTEMBER 16, 2026
1. CALL TO ORDER
Board President Laura Roughton called the regular meeting of the Western Municipal
Water District (Western Water) and the Western Municipal Water District Facilities
Authority (Facilities Authority) Board of Directors to order at 9:30 a.m. on Wednesday,
September 16, 2026, in the Western Water Board Room, 14205 Meridian Parkway,
Riverside, California.
2. ROLL CALL
Roll call of the Board of Directors was taken by Board Secretary Tammi Ford. The
following board members were in attendance:
Directors Present
Laura Roughton, President/Chair
Fauzia Rizvi, Vice President/Vice Chair
Brenda Dennstedt, Secretary-Treasurer/Secretary
Gracie Torres
Mike Gardner
3. PLEDGE OF ALLEGIANCE
Teri Patton, Development Services Supervisor, Engineering – Development Services
Department, led the Pledge of Allegiance.
4. PUBLIC COMMENTS

Members of the public may address the Board regarding any item within the subject matter
jurisdiction of the Board; however, no action may be taken on off‐agenda items unless authorized
by law. Comments will be limited to matters not listed on the agenda. Members of the public may
comment on any matter listed on the agenda at the time that the Board considers that matter. Each
individual’s comment will be limited to a maximum of three (3) minutes; however, the Presiding
Officer reserves the right to reduce the amount of time each individual can speak to ensure all
members of the public have an opportunity to comment.

Western Water | Regular Board Meeting
October 7, 2026
None.
5. CONSENT CALENDAR

Consent Calendar items are expected to be routine and non‐controversial and are to be acted upon
by the Board by one motion, without discussion. If any Board member, staff member, or interested
person requests that an item be removed from the Consent Calendar for further discussion, it will
be moved to the first item on the Action Agenda.

Motion: Gardner
Second: Rizvi
A. Approve the Minutes of the August 19, 2026, Regular Board Meeting
The Motion passed 5-0
Voting No: None
Abstain: None
Absent: None
6. ITEMS TO BE ADDED TO THE AGENDA

(If any) In accordance with Section 54954.2 of the Government Code, upon determination by a two‐
thirds vote of the legislative body, or, if less than two‐thirds of the members are present, a
unanimous vote of those members present that there is a need to take action, and the need to take
action arose after the agenda was posted.

None.
7. ACTION AGENDA

The following items on the Action Agenda call for discussion and action by the Board. All items are
placed on the Agenda so that the Board may discuss and take action on the item if the Board is so
inclined.

A. Award a Landscape Construction Contract for the Bergamont Booster Pump
Station Turf Replacement Project
This item was presented by: Sonia Huff, Deputy Director of Engineering
Motion: Dennstedt
Second: Torres
As to the following:
1. Award a construction contract for the Bergamont Booster Pump Station Turf
Replacement Project, in the amount of $190,880 to Greenfield Landscaping
Western Water | 14205 Meridian Parkway, Riverside | 951.571.7100 | WesternWaterCA.gov

Western Water | Regular Board Meeting
October 7, 2026
and Maintenance, Inc. of Hacienda Heights, California to install the waterefficient landscape improvements at Bergamont Booster Pump Station.
The Motion passed 5-0
Voting No: None
Abstain: None
Absent: None
B. Approve a Project Budget Amendment for the Woodcrest-Rinehart Acres
Waterline Relocation Project
This item was presented by: Sonia Huff, Deputy Director of Engineering
Motion: Rizvi
Second: Roughton
As to the following:
1. Approve a budget amendment in the amount of $265,000, for the WoodcrestRinehart Waterline Relocation Project, to reconcile actual expenditures,
resulting in a revised project total of $1,497,700 (from $1,232,700); and amend
the Board adopted Capital Improvement Program for Fiscal Year 2026-2027
accordingly under the Asset Replacement Reserve RES05 of the Riverside
Water Fund 20.
The Motion passed 5-0
Voting No: None
Abstain: None
Absent: None
C. Adopt Resolution 3396 Rescinding Resolutions 3009 and 3132, Clarifying
Emergency Purchasing Authorities Consistent with Resolution 3369
This item was presented by: Anita Wilcox, Senior Management Analyst
Motion: Rizvi
Second: Gardner
As to the following:
1. Adopt Resolution 3396 rescinding Resolutions 3009 and 3132, clarifying
emergency purchasing authorities consistent with Resolution 3369.

Western Water | 14205 Meridian Parkway, Riverside | 951.571.7100 | WesternWaterCA.gov

Western Water | Regular Board Meeting
October 7, 2026
The Motion passed 5-0
Voting No: None
Abstain: None
Absent: None
D. Receive and File a Verbal Report Regarding Emergency Repair of the Mills Gravity
Line and Declare a Continued State of Emergency
This item was presented by: Sonia Huff, Deputy Director of Engineering
Motion: Rizvi
Second: Roughton
As to the following:
1. Receive and file a verbal report regarding the emergency declaration adopted
June 17, 2026, for repair of the Mills Gravity Line as required by Public Contract
Code Section 22050 (c)(2) and (3); and
2. Declare, by a four-fifths vote, a continued state of emergency of the Mills
Gravity Line.
The Motion passed 5-0
Voting No: None
Abstain: None
Absent: None
8. REPORTS

The following agenda items are reports. They are placed on the agenda to provide information to
the Board and the public. There is no action called for regarding these matters.

A. GENERAL COUNSEL REPORT
1. Report of General Counsel
Jeff Ballinger, General Counsel, stated he had nothing to report.
B. GENERAL MANAGER AND STAFF REPORTS
1. General Manager’s Report
Craig Miller, General Manager, introduced Raven McGruane, a member of
the Water Education Foundation, who is participating in the water leader’s
mentor program. He stated that Ms. McGruane will be shadowing him
throughout the day to gain insight into the activities of a water district
Western Water | 14205 Meridian Parkway, Riverside | 951.571.7100 | WesternWaterCA.gov

Western Water | Regular Board Meeting
October 7, 2026
general manager. Mr. Miller also reported that he had attended the Urban
Water Institute annual conference which was well attended by other general
managers and provided meaningful content. He also reported that he
attended the second Water Advisory Committee meeting, which included a
tour of MWD’s Pure Water Plant. He stated that the committee is facing
some challenges but has made some progress. He continued his report of
recent activities, including Western Water’s new interns that are part of the
WAVES program.
2. Alliance for Water Efficiency (AWE) 2026 Innovation in Utilities Award
Lauren Deaderick, Director of Communications and Customer Experience,
announced that Western Water had recently been honored with the AWE
2026 Innovation in Utilities Award for its water efficiency assessment
program. She explained what AWE is and why the recognition is especially
meaningful and she presented the Western Water staff members who were
instrumental in the program and received the award on Western Water’s
behalf.
C. DIRECTORS COMMENTS AND REQUESTS
1. Report by SAWPA Representative
Director Gardner reported that the Commission me and received several
updates on activities at SAWPA. He stated that the PA 24 committee
reallocated reserve balances, which didn’t change anything that will affect
customers, explaining that the rebalance allows the committee and the
commission to deal with things that may come up regarding brine line. He
also stated the Commission met and closed out the WECAN project, which
was a program for the east side of Riverside to replace turf in single family
homes with water wise landscaping. He discussed Proposition 4 funding
and said the Commission is looking at how it can be used for the Arundo
eradication in the watershed. Lastly, he announced a ribbon cutting event
to celebrate the ending of the SARCCUP program.
2. Report by MWD Representative
Director Roughton reported that she had received a notice from MWD
regarding the adoption of the annual levying tax on taxable property within
the District’s service area.

Western Water | 14205 Meridian Parkway, Riverside | 951.571.7100 | WesternWaterCA.gov

Western Water | Regular Board Meeting
October 7, 2026
Director Dennstedt reported that the Board took no position on Proposition
45 related to CEQA streamlining. She also reported that the Engineering
and further stated that the Committee is working to understand the projects
that need prioritization.
3. Report by CBWM Representative
Director Gardner reported that a new judge has been assigned to manage
the judgment. He also reported that the Board is working through what the
new Dry Yield program assessments mean and how they will be addressed.
He stated the all regular meetings were canceled for the month.
4. Report by CDA Representative
Director Gardner stated the Board approved a 5 year contract renewal for
the General Manager.
5. Report by WRCRWA Representative
Director Rizvi stated there was nothing to report.
6. Report by WRCOG Representative
Director Dennstedt reported that the Board had a discussion regarding the
next General Assembly and leadership address. She also reported staff has
now returned to the new building after completion of construction and an
Open House will be happening in the near future.
7. Report by SRRRA Representative
Director Rizvi reported the meeting was routine and the board focused on
the investment policy update, She stated they received year-end financial
results and an update on the capital process, as well as a discussion about
El Niño preparedness.
8. Report by ACWA Representative
Director Dennstedt reminded the Board about the upcoming Fall
Conference and stated that Region 9 will not have a program this time.
9. Directors' Comments
Comments were made by:
Director Torres
Director Rizvi
Western Water | 14205 Meridian Parkway, Riverside | 951.571.7100 | WesternWaterCA.gov

Western Water | Regular Board Meeting
October 7, 2026
Director Gardner
Director Dennstedt
Director Roughton
10. Request for Future Agenda Items
None.
Jeff Ballinger, General Counsel moved the board meeting into closed session at 10:55
a.m.
9. CLOSED SESSION
A. CONFERENCE WITH LABOR NEGOTIATOR
Pursuant to Government Code Section 54957.6
District Designated Representative: Brad Neufeld of Varner and Brandt, Labor
Counsel
Unrepresented Employee: Deputy General Manager
President Roughton called the Board of Directors back into open session at 11:20 a.m.
Labor Counsel, Brad Neufeld, stated there was no reportable action coming out of closed
session.
10. INFORMATION ITEMS
A. Investment Report – July 2026
B. Labor and Benefits Expense Budget to Actual Report – Quarter Ended June 2026
11. NEXT MEETING
A. Wednesday, October 7, 2026, at 9:30 a.m.
12. ADJOURNMENT
Director Torres provided a statement regarding the late Judge Rafael A. Arreola and
requested the meeting being adjourned in his honor.

Western Water | 14205 Meridian Parkway, Riverside | 951.571.7100 | WesternWaterCA.gov

Western Water | Regular Board Meeting
October 7, 2026
There being no further business before the Board of Directors, President Roughton
adjourned the meeting at 11:22 a.m. in memory and honor of Judge Arreola.

_____________________________
LAURA ROUGHTON
President

_____________________________
BRENDA DENNSTEDT
Secretary-Treasurer

Minutes were prepared by Board Secretary, Tammi Ford.

Western Water | 14205 Meridian Parkway, Riverside | 951.571.7100 | WesternWaterCA.gov

Agenda Item: 5B
Date: October 7, 2026
TO: THE BOARD OF DIRECTORS
Laura Roughton, President
Fauzia Rizvi, Vice President
Brenda Dennestedt, Secretary/Treasurer
Gracie Torres
Mike Gardner
FROM: Craig D. Miller, P.E., General Manager

RECEIVE AND FILE THE SEPTEMBER 2026 GOVERNMENT AFFAIRS AND
LEGISLATIVE UPDATE
RECOMMENDATION:
The Community and Government Affairs Committee and Staff recommend the Board of
Directors:
1. Receive and file the September 2026 Government Affairs and Legislative
Update.
EXECUTIVE SUMMARY:
At each meeting of the Community and Government Affairs Committee, Western
Municipal Water District staff provides a verbal report. The report is sometimes
accompanied by materials prepared by The Ferguson Group and KP Public Affairs and
includes a high-level overview of relevant topics from both federal and state government
to be discussed in more depth during the meeting.
BUDGET IMPACT:
This action has no budget impact.

Western Water | 14205 Meridian Parkway, Riverside | 951.571.7100 | WesternWaterCA.gov

Western Water | Regular Board Meeting
October 7, 2026
Agenda Item: 5B
DETAIL:
State Updates
Legislative Calendar
•

Governor’s Signature or Veto Deadline: September 30

•

General Election: November 3

•

Ceremonial Convening of 2027-28 Session: December 7

•

2027 Legislative Session Begins: January 4

2026 Bills of Interest: On the Governor’s Desk
•

AB 1383 (McKinnor): Public employees’ retirement benefits

•

AB 1881 (Ramos): California Indian Freedom Act of 2026

•

AB 1894 (Rubio): Fish and wildlife: invasive mussels: imported water

•

AB 2180 (Ward): Proposition 218: Proportional cost of service

•

AB 2218 (Kalra): Water policy: California Native American tribes

•

AB 2568 (Johnson): Water district directors: compensation

•

AB 2619 (Papan): Water resources: data centers

•

AB 2739 (Soria): Water Affordability and System Stabilization Fund

•

SB 872 (McNerney): Delta Levees and Canal Subsidence Fund

•

SB 1125 (Menjivar): Water rate assistance program

•

SB 1153 (Caballero): Disaster preparedness: wildfire

Wildfire Liability Protection Legislative Package Proposal Fails
•

In late August, Governor Newsom announced a framework for a potential wildfire
liability package that would provide independently owned utilities some level of
liability and recovery relief if a wildfire is caused, but potentially at the cost of
other public agencies being capped as to what they could claim from wildfire
damages

•

Less than 72 hours before the end of the legislative session, SB 492 (Becker)
was gut-and-amended to reflect negotiated language that moved away from
independently and publicly owned utilities to focus more on victims and
homeowners of wildfires

•

A more in-depth, verbal update will be provided during the September
Community and Government Affairs Committee Meeting

Western Water | 14205 Meridian Parkway, Riverside | 951.571.7100 | WesternWaterCA.gov

Western Water | Regular Board Meeting
October 7, 2026
Agenda Item: 5B
New “Zone 0” Defensible-Space Regulations and Funding Passed
•

•

In August, the State Board of Forestry and Fire Protection approved California’s
first “Zone 0” policy—a set of regulations establishing an ember-resistant zone in
the first five feet around a home or other structure
o “Zone 0” is zero to five feet of clearance around a structure

The Zone 0 standards apply in:

o State Responsibility Areas (SRAs), areas where Cal Fire is the primary
emergency response agency responsible for fire suppression and
prevention; and
o Very High Fire Hazard Severity Zones (VHFHSZs) in Local Responsibility
Areas
•

Funding from Proposition 4 (2024) was also originally allocated in SB 113 to
CalFire to help individual homeowners meet these new requirements, but the
funding ended up being amended into the original 2026 budget bill, AB 113
o The exact way to apply for individual homeowners to apply for this funding
with Cal Fire has yet to be determined

State Water Resources Control Board Releases Final Draft of Bay-Delta Plan
Update
•

The State Water Resources Control Board (State Water Board) released a final
draft of its Bay-Delta Plan Update, which continues to include the Healthy River
and Lands proposal (also known as the Voluntary Agreements) previously
negotiated by Delta water, agriculture, and environmental entities
o This action by the State Water Board opens a 30-day comment period
ending September 18

•

According to Westlands Water District, which publicly stated they would end
participation in the Bay-Delta Program absent a reversal by the State, the final
draft goes against what was previously negotiated and abandons the balance the
parties spent years working to achieve
o The U.S. Bureau of Reclamation also made comments to the State Water
Board that the final draft plan update threatens the reliability of water
supplies that support not only the Central Valley Project, but the entire
fabric of California’s agricultural economy, rural communities, urban
centers, and natural vitality

Western Water | 14205 Meridian Parkway, Riverside | 951.571.7100 | WesternWaterCA.gov

Western Water | Regular Board Meeting
October 7, 2026
Agenda Item: 5B
State Water Board Releases Revised Draft Water Rights Decision for Sites
Reservoir
•

On September 3, the State Water Board released a revised draft water right
decision and draft permit that would allow the 1.5 million-acre-foot reservoir to
divert up to 986,000 acre-feet of water per year

•

The main revisions to the draft decision and permit expand opportunities to divert
water from the river and ensure the project aligns with the requirements and
compliance pathways in the final draft of the Bay-Delta Plan, while ensuring
coordination between the State Water Board and water users participating in the
Healthy Rivers and Landscapes program under the plan

•

Final written comments will be accepted through October 5, and the State Water
Board will consider adopting the draft water right decision and water right permit
at its November 4 public meeting

Federal Updates
Legislative Calendar
•

House in Washington D.C., Senate in district: August 31 – September 3

•

Both federal legislative houses in district (Labor Day): September 7 – 11

•

Both federal legislative houses in Washington, D.C.: September 14 – October 2

•

Both federal legislative houses in district (elections): October 5 – November 6

•

Both federal legislative houses in Washington, D.C.: November 9 – 20

•

Both federal legislative houses in district (Thanksgiving): November 23 – 27

•

Both federal legislative houses in Washington, D.C.:
November 30 – December 17

Department of the Interior Releases Two-Year Plan Ordering Colorado River Cuts
•

The Interior Department has ordered California, Arizona, and Nevada to cut
Colorado River water use by 1.25 million acre-feet annually over the next two
years, with Arizona absorbing the largest share (760,000 acre-feet), followed by
California (440,000) and Nevada (50,000)
o The Upper Basin states, Colorado, New Mexico, Utah, and Wyoming, are
exempt from mandatory cuts

•

Alongside the two-year plan, Interior finalized a 10-year Decision Framework to
guide future operations while leaving room for consensus agreements among
states and tribes

Western Water | 14205 Meridian Parkway, Riverside | 951.571.7100 | WesternWaterCA.gov

Western Water | Regular Board Meeting
October 7, 2026
Agenda Item: 5B
•

The decision breaks a long negotiating deadlock but could trigger interstate legal
fights, potentially reaching the Supreme Court

Western Water Hosts Tour of the Western Water Recycling Facility with Staff from
the Office of Representative Darrell Issa
•

On August 27, Western Water hosted a tour of Western Water Recycling Facility
(WWRF) for Stephanie Yallourakis from Representative Issa’s Washington D.C.
office
o Ms. Yallourakis met with Western Water staff during the annual
Washington D.C. trip in June and followed up with a tour request after
finding out she would be in California

•

Representative Issa included Western Water’s Community Project funding
request in fiscal year 2023 for the WWRF’s Recycled Water Project, which
includes a Supervisory Control and Data Acquisition or SCADA system upgrade
and a cover for the chlorine contact basin

Continuing Resolution Signed by President Trump to Fund the Government
Through December 11, 2026
•

Before leaving on August Recess, the Senate rejected a House version of a
Continuing Resolution (CR) and then passed one of its own (the House had
already left D.C. for the break)

•

While there were concerns over some policies within the CR, after the House
returned from the August Recess, they passed an identical version of the Senate
CR on September 1, to which the President signed into law on September 9

•

The CR will keep federal agencies funded at FY 2026 spending levels from
October 1 through December 11, buying lawmakers roughly a month after the
midterms to hash out full-year FY 2027 spending bills

Court Unanimously Rejects Appeal of PFAS Comprehensive Environmental
Response, Compensation, and Liability Act Rule
•

On August 17, the U.S. Court of Appeals (DC Circuit) rejected a U.S. Chamber of
Commerce’s challenge to the Environmental Protection Agency’s (EPA) 2024
final rule designating PFOS and PFOA as Comprehensive Environmental
Response, Compensation, and Liability Act (CERCLA) hazardous substances
o The unanimous decision by the D.C. Circuit rejected the Chamber’s
argument that the EPA violated the Administrative Procedures Act (APA)
when issuing the 2024 final rule

Western Water | 14205 Meridian Parkway, Riverside | 951.571.7100 | WesternWaterCA.gov

Western Water | Regular Board Meeting
October 7, 2026
Agenda Item: 5B
o The APA outlines the process for how federal agencies are to issue lawful
rules and regulations
•

The result of the D.C Court’s decision means that the CERCLA designation
remains in place for PFOA and PFOS and will continue to guide cleanup
obligations and potential cost recovery
o It also expands the scope of enforceable liability and signals heightened
legal and financial risks for entities involved in PFAS releases

•

This development further pushes the need for Congress to continue trying to find
a legislative path forward to protect passive receivers of PFAS chemicals,
including wastewater utilities, from being held liable for clean-up costs under
CERCLA by third parties

Environmental Protection Agency Releases More Resources for Lead and Copper
Rule Implementation
•

EPA released final implementation resources in August for the “Lead and Copper
Rule Improvements” (LCRI), which focused on:
o Gaining access for service-line replacement; and

o Developing and maintaining service-line inventories

•

The underlying LCRI requires systems to identify and replace lead pipes within
10 years; the principal LCRI compliance date is November 1, 2027

•

EPA reports nearly $3 billion in Fiscal Year 2026 support for lead-pipe
identification and removal, complementing implementation guidance

REASON FOR ACTION:
To ensure members of the Board of Directors are informed of the latest updates on
state and federal legislative and regulatory issues.
SOLUTION:
Receive and file the September 2026 Government Affairs and Legislative Update.
WESTERN WATER’S ASPIRATIONS REFERENCE:
This item aligns with Western Water’s 2036 Aspiration of Industry Leadership.
LEGAL COUNSEL REVIEW:
Staff has determined that legal review of this item is not necessary.

Western Water | 14205 Meridian Parkway, Riverside | 951.571.7100 | WesternWaterCA.gov

Western Water | Regular Board Meeting
October 7, 2026
Agenda Item: 5B
Respectfully submitted by:
Craig D. Miller, P.E., General Manager
Attachments:
1. Priority Bill Report from KP Public Affairs – September 2026
2. Federal Affairs Report from The Ferguson Group – September 2026

Western Water | 14205 Meridian Parkway, Riverside | 951.571.7100 | WesternWaterCA.gov

Attachment 1

Western Municipal Water District
Federal Affairs Report – September 2026
President Signs CR Through December 11
President Trump signed a stopgap funding bill Wednesday, keeping the government open through December 11 well
ahead of the September 30 deadline. The measure passed with wide bipartisan margins (90-6 in the Senate, 370-48 in
the House).
The new deadline sets up another holiday-season funding fight, following a record 43-day shutdown last fall over
ACA subsidies and a separate 76-day DHS funding lapse this spring tied to immigration enforcement disputes.
Nineteen House Republicans broke ranks against the CR over several Senate-added provisions, including a delay to a
hemp product ban. But GOP and Democratic leaders alike framed the bill as buying time for a longer-term deal in the
lame-duck session.
White House Makes Surprise Pick to Lead Army After Driscoll's Departure
President Trump tapped Adam Telle, the Army's assistant secretary for civil works overseeing the Army Corps of
Engineers, as acting secretary of the Army last week, an unconventional choice that skips over the service's normal
line of succession. Telle replaces Army Secretary Dan Driscoll, who resigned last week.
Telle brings deep Capitol Hill experience, having served as a longtime Senate Appropriations Committee staffer and,
most recently, chief of staff to Sen. Bill Hagerty (R-TN). He was Senate-confirmed to his civil works post last
August. No permanent nominee has been named.
House E&C Weighs Cut for Federal Drinking Water Program Reauthorization
House Republicans last week defended a discussion draft of legislation reauthorizing EPA's Drinking Water State
Revolving Fund at $1.126 billion a year for the next five years, a 68% cut from current authorized levels, though they
are close to what's been appropriated since 2018.
Energy and Commerce (E&C) Chair Brett Guthrie (R-KY) suggested data centers could help offset costs for small
and rural communities in exchange for water hookups. Democrats, led by Frank Pallone (D-NJ), countered that
federal water funding already falls short of need, citing a major D.C. area sewage pipe collapse in January.
The House figure is far below the Senate's Water Resources Development Act (WRDA), which would raise funding
to $4.5 billion by 2030. Current authorization expires this month, and state officials note the House numbers could
still change.
Amid Doubts, GOP Floats Water Ratepayer Protection Bill for Data Centers
House Republicans are pushing a discussion draft of the Water Cost Accountability Act to help shield ratepayers from
AI-driven spikes in water bills, even as GOP leadership continues to block a similar bill addressing data centers'
impact on electricity costs. At a September 3 Energy and Commerce (E&C) environment subcommittee hearing, GOP
lawmakers framed the water bill as building public trust while still championing data center growth as an economic
and international AI-race priority.
Data centers can raise rates by competing for water supplies or driving demand for new infrastructure, though
supporters say developers can also help cover utilities' fixed costs. In witness testimony at the hearing, Chamber of
TheFergusonGroup.com • 1901 Pennsylvania Ave. NW • Suite 700 • Washington, DC 20006 • 202.331.8500

Commerce officials called transparency from developers "essential" but favored a light-touch federal approach over
strict rules.
Democrats said the bill doesn't go far enough, pointing to gaps on air quality, PFAS, and unlike investor-owned
electric utilities, the fact that public water systems aren't typically rate-regulated the same way. Lawmakers and state
officials also flagged the absence of federal disclosure requirements for data centers' water use and wastewater
discharge, a gap increasingly being addressed at the state level.
OMB Completes Review of Final CWA 401 Certification Rule
The White House Office of Management and Budget (OMB) finished its review September 4 of EPA's final rule
narrowing state authority under Clean Water Act (CWA) Section 401, clearing the way for its release.
The rule rolls back a 2023 Biden-era regulation that let states weigh the broader water quality impacts of a federally
approved project when issuing 401 certifications. The Trump EPA's January proposal would instead limit reviews to
whether a specific point source discharge meets water quality standards, a change industry groups sought after some
states used 401 reviews to block pipelines and other fossil fuel projects on grounds beyond direct water quality
effects.
The proposed rule also aimed to speed up state decisions, curb reopening of certification conditions, and create a
clearer process for developers to challenge state denials. Opponents are expected to challenge the rule once finalized.
Federal Court Upholds EPA Superfund Designation for PFOS and PFOA
The U.S. Court of Appeals for the District of Columbia Circuit has voted unanimously to uphold EPA's 2024 rule
designating perfluorooctanoic acid (PFOA) and perfluorooctane sulfonate (PFOS) as hazardous substances under the
Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), commonly known as
Superfund.
In Chamber of Commerce of the United States v. EPA, the court rejected challenges brought by a coalition of industry
organizations and concluded that EPA acted within its statutory authority when it determined that releases of PFOA
and PFOS "may present substantial danger" to public health and the environment.
The court also upheld EPA's economic analysis and dismissed procedural objections raised by petitioners. The
decision preserves the first-ever CERCLA hazardous substance designation for PFAS and establishes EPA's authority
to pursue cleanup actions and cost recovery related to contamination from these chemicals. No information is yet
available on plans for an appeal.
Meanwhile, efforts continue to advance a federal statutory passive receivers’ exemption from the regulations for
public water systems. While the prospects for passage of such legislation appear unlikely this Congress – though there
is always a chance while Congress is still in session -- it will remain a priority in the next Congress, regardless of the
outcome of the Fall elections.
EPA/Corps Float New WOTUS Definitions, Dropping 'Wet Season' Jurisdiction Test
EPA and the Army Corps of Engineers (Corps) issued a supplemental proposal last week further narrowing which
waters and wetlands fall under Clean Water Act (CWA) protection, replacing a "wet season" jurisdiction test with a
stricter "perennial" flow standard.
The move responds to roughly 220,000 public comments on the Trump Administration's original November 2025
proposal, which had drawn criticism from both environmental groups and conservative legal advocates who called the
new “wet-season” standard unworkable and likely to invite litigation. The new option would only cover waters
flowing continuously year-round, with narrow exceptions for brief interruptions like low tide or a short dry spell, a
change EPA Administrator Lee Zeldin says offers "regulatory certainty" while still following the Supreme Court's
2023 Sackett decision.

Page 2

Specifically, EPA is seeking comment on how to define "perennial" (either as water present every day of the year, or
the stricter 2020-era standard of continuous year-round flow), as well as alternative definitions of "relatively
permanent" and "continuous surface connection" tied to that perennial standard. The agency is also asking whether
adjacent wetlands should qualify for protection only when indistinguishable from a jurisdictional water body, a
change that would effectively eliminate the current "adjacent wetlands" category. Public comments are due by Friday,
October 9.
Interior Releases Two-Year Plan Ordering Colorado River Cuts as Reservoirs Hit Record Lows
The Interior Department has ordered California, Arizona, and Nevada to cut Colorado River water use by 1.25 million
acre-feet annually over the next two years, with Arizona absorbing the largest share (760,000 acre-feet), followed by
California (440,000) and Nevada (50,000). Upper Basin states, Colorado, New Mexico, Utah, and Wyoming, are
exempt from mandatory cuts.
The move comes as Lake Mead and Lake Powell have dropped to their lowest levels since being filled, following
decades of drought and a record-low 2025-2026 snowpack. Alongside the two-year plan, Interior finalized a 10-year
Decision Framework to guide future operations while leaving room for consensus agreements among states and tribes.
The decision breaks a long negotiating deadlock but could trigger interstate legal fights, potentially reaching the
Supreme Court, as roughly 40 million people across the West depend on the river.
Coalition Presses OMB to Speed Up Stalled WIFIA Loans
Six major water sector groups including the American Water Works Association, WateReuse, and the Association of
Metropolitan Water Agencies sent a letter to the White House Office of Management and Budget (OMB) on August
10 urging swift approval of outstanding WIFIA loans, warning that delays are pausing some projects and creating cost
uncertainty for others.
The push follows a pattern: an earlier October 27 letter reportedly prompted EPA to clear five stalled loans in
November, after approving just one project loan in the administration's first ten months. EPA has since approved six
loans total and announced $7 billion in available WIFIA funding.
The coalition argues faster approvals would advance the Administration's own priorities, citing Executive Order
14181 ("Maximizing Water Delivery in California"). Senate Democrats, led by Sen. Adam Schiff (D-CA), have
separately suggested that reviewing projects' alignment with Trump's executive orders may be adding unnecessary
delay to loan closures.
WIFIA, created in 2014, provides low-interest federal loans covering up to 49 percent of large water infrastructure
projects.
As always, it is a pleasure serving the Western Municipal Water District. If this report brings rise to any questions,
please contact Mark Limbaugh at (202) 286-8887 or Christopher Kearney at (202) 549-1583.

Page 3

Attachment 2
Western Municipal Water District
Priority Bill List as of 9/11/2026
AB 1881

(Ramos D) California Indian Freedom Act of 2026.
Current Text: Enrolled: 9/10/2026 html pdf
Introduced: 2/12/2026
Last Amend: 8/27/2026
Status: 9/10/2026-Enrolled and presented to the Governor at 3 p.m.
Location: 9/10/2026-A. ENROLLED
Desk Policy Fiscal Floor Desk Policy Fiscal Floor Conf.
Enrolled
Conc.
1st House
2nd House

Vetoed

Chaptered

Summary: Existing law establishes various protections for California Native American tribes, including
prohibiting a public agency or private party using or occupying public property or operating on public
property from interfering with the free expression or exercise of Native American religion as provided in
the United States Constitution and the California Constitution. Existing law also requires a local
government to provide formal notification to each California Native American tribe that is traditionally
and culturally affiliated with the project site as an invitation to consult on the proposed project, as
provided. Existing law requires the local government, during the consultation, to give deference to the
tribal information, tribal knowledge and customs, and the significance of the resource to the California
Native American tribe. Existing law prohibits any information, as described, that is submitted by a
California Native American tribe during the environmental review process from being included in the
environmental document or otherwise disclosed by the lead agency or any other public agency to the
public, as specified, without the prior consent of the tribe that provided the information. Existing law,
the California Public Records Act, requires each state and local agency, as defined, to make its records
open to public inspection at all times during office hours, except as specifically exempted from
disclosure by law. The act specifically exempts from disclosure records that are exempted or prohibited
from disclosure by federal or state law and lists records subject to that exemption, specifying that the
listed exemptions are not inclusive of all exemptions under the act. This bill, the California Indian
Freedom Act of 2026, would, commencing January 1, 2028, prohibit a governmental agency from
substantially burdening a California Indian or California Native American tribe’s exercise of religious
beliefs or spiritual practices on state lands, except as necessary to protect public safety and security,
including their access to and use of sacred sites and objects, and their ability to perform religious
ceremonies and rites, even if the burden results from a rule of general applicability, unless the
governmental agency demonstrates that application of the burden is in furtherance of a compelling
governmental interest and is in the least restrictive means of furthering that interest.
Position
OPPOSE Unless
Amended
Notes 1: ACWA - OPPOSE UNLESS AMENDED
CMUA - OPPOSE
AB 2032

(Ransom D) Fish and wildlife: invasive mussels: golden mussels.
Current Text: Enrolled: 9/10/2026 html pdf
Introduced: 2/17/2026
Last Amend: 8/13/2026
Status: 9/10/2026-Enrolled and presented to the Governor at 3 p.m.
Location: 9/10/2026-A. ENROLLED
Desk Policy Fiscal Floor Desk Policy Fiscal Floor Conf.
Enrolled Vetoed Chaptered
Conc.
1st House
2nd House
Summary: Existing law, until January 1, 2030, generally prohibits a person from possessing, importing,
shipping, or transporting in the state, or from placing, planting, or causing to be placed or planted in
any water within the state, invasive mussels, as defined. Existing law requires a public or private
agency that operates a water supply system to cooperate with the Department of Fish and Wildlife
(department) to implement measures to avoid infestation by invasive mussels and to control or
eradicate any infestation that may occur in a water supply system, and, if invasive mussels are
detected, to prepare and implement a plan, as specified, to control or eradicate invasive mussels
within the system (control plan). Existing law prohibits the importation, transportation, possession, or
live release of specified wild animals, except under a revocable, nontransferable permit, known as a
restricted species permit, issued by the department, in cooperation with the Department of Food and
Agriculture, and only if certain requirements are met. This bill would exempt from the requirement to
obtain a restricted species permit for invasive mussels a public or private agency that operates a
water supply system and has submitted a control plan to the department for maintenance,
operational, and research activities within the water supply system, as specified.
Position

Page 1/5

AB 2180

(Ward D) Local government: Proposition 218 Omnibus Implementation Act: proportional cost of
service.
Current Text: Enrolled: 8/25/2026 html pdf
Introduced: 2/19/2026
Last Amend: 5/22/2026
Status: 8/25/2026-Enrolled and presented to the Governor at 4 p.m.
Location: 8/25/2026-A. ENROLLED
Desk Policy Fiscal Floor Desk Policy Fiscal Floor Conf.
Enrolled Vetoed Chaptered
Conc.
1st House
2nd House
Summary: The California Constitution specifies various requirements with respect to the levying of
assessments and property-related fees and charges by a local agency. As part of those requirements,
the California Constitution mandates that such fees or charges that are extended, imposed, or
increased satisfy certain requirements, including, but not limited to, that the amount of the fee or
charge imposed upon any parcel or person as an incident of property ownership not exceed the
proportional cost of the service attributable to the parcel. Existing law, known as the Proposition 218
Omnibus Implementation Act (act), prescribes specific procedures and parameters for local jurisdictions
to comply with these requirements and, among other things, authorizes an agency providing water,
wastewater, sewer, or refuse collection services to adopt a schedule of fees or charges authorizing
automatic adjustments that pass through increases in wholesale charges for water, sewage
treatment, or wastewater treatment or adjustments for inflation under certain circumstances. This bill
would authorize a local government to demonstrate the proportional cost of the service attributable to
the parcel by any method that reasonably allocates the ascertainable cost of providing service to all
parcels, if substantiated as provided. The bill would, however, provide that for water or sewer service
fee or charge impositions, a local government is not required to provide an exact measure of the cost
of the service at each parcel and may instead impose uniform or tiered rates to parcel or customer
classes that are defined based on common characteristics indicative of likely water or sewer use.
Position
Notes 1: ACWA - SUPPORT/SPONSOR
CMUA - SUPPORT

AB 2218

(Kalra D) Water policy: California Native American tribes.
Current Text: Enrolled: 9/3/2026 html pdf
Introduced: 2/19/2026
Last Amend: 7/2/2026
Status: 9/3/2026-Enrolled and presented to the Governor at 4 p.m.
Location: 9/3/2026-A. ENROLLED
Desk Policy Fiscal Floor Desk Policy Fiscal Floor Conf.
Enrolled Vetoed Chaptered
Conc.
1st House
2nd House
Summary: Would require the state government to support California Native Americans to maintain
cultural and linguistic traditions, practice ecosystem stewardship, and engage in good faith
government-to-government consultations with all California Native American tribes regarding policies
that may affect tribal communities.
Position
OPPOSE
Notes 1: ACWA - OPPOSE UNLESS AMENDED
CMUA - OPPOSE

AB 2568

(Johnson R) Water district directors: compensation.
Current Text: Enrolled: 8/28/2026 html pdf
Introduced: 2/20/2026
Last Amend: 4/27/2026
Status: 8/28/2026-Enrolled and presented to the Governor at 3:30 p.m.
Location: 8/28/2026-A. ENROLLED
Desk Policy Fiscal Floor Desk Policy Fiscal Floor Conf.
Enrolled Vetoed Chaptered
Conc.
1st House
2nd House
Summary: Existing law authorizes a water district, as defined, to adopt an ordinance that provides
compensation to members of the governing board, as specified. Existing law prohibits a water district
from adopting an ordinance that compensates members of the governing board for more than a total
of 10 days in any calendar month. This bill would, until January 1, 2032, authorize a water district that
has at least 90,000 residents within its jurisdiction to adopt an ordinance that compensates members
of the governing board for up to a total of 15 days in any calendar month, but would require the
members of the governing board of a water district that compensates its members for more than 10
days in a calendar month to annually adopt a written policy describing, based on a finding supported
by substantial evidence, why providing compensation for more than 10 days per calendar month is

Page 2/5

necessary for the effective operation of the water district.
Position

AB 2619

(Papan D) Water resources: data centers.
Current Text: Enrolled: 9/4/2026 html pdf
Introduced: 2/20/2026
Last Amend: 8/21/2026
Status: 9/4/2026-Enrolled and presented to the Governor at 4 p.m.
Location: 9/4/2026-A. ENROLLED
Desk Policy Fiscal Floor Desk Policy Fiscal Floor Conf.
Enrolled
Conc.
1st House
2nd House

Vetoed

Chaptered

Summary: Existing law authorizes the legislative body of an incorporated city and the county board of
supervisors to license businesses carried on within their respective jurisdictions and to set license
fees, as specified. This bill would require a person who owns or operates a data center, prior to
applying to a city or a county for an initial business license, equivalent instrument, or permit, to provide
its water supplier, under penalty of perjury, a good faith estimate of the expected water use, the
anticipated source of water, and the data center’s projected water use volume for the maximum day,
maximum month, and average year. When applying to a city or county for an initial business license,
the bill would require a person who owns or operates a data center to report, under penalty of
perjury, on the application, a good faith estimate of the expected water use, the anticipated source of
water, and the data center’s projected water use volume for the maximum day, maximum month, and
average year. When applying to a city or county for a renewal of a business license, equivalent
instrument, or permit, the bill would require a person who owns or operates a data center to report,
under penalty of perjury, on the application, the data center’s annual water use for the preceding
calendar year, including total water and direct water use, as prescribed. By expanding the crime of
perjury, the bill would impose a state-mandated local program. The bill would define terms for
purposes of these provisions. This bill contains other related provisions and other existing laws.
Position

AB 2739

(Soria D) Water: affordability and system stabilization.
Current Text: Enrolled: 9/10/2026 html pdf
Introduced: 2/20/2026
Last Amend: 8/21/2026
Status: 9/10/2026-Enrolled and presented to the Governor at 3 p.m.
Location: 9/10/2026-A. ENROLLED
Desk Policy Fiscal Floor Desk Policy Fiscal Floor Conf.
Enrolled
Conc.
1st House
2nd House

Vetoed

Chaptered

Summary: Existing law establishes in the Natural Resources Agency the Department of Water
Resources. Existing law vests in the department powers, duties, purposes, responsibilities, and
jurisdiction in matters pertaining to water or dams. Existing law declares the responsibility of the state
to assist local governments in providing certain essential services and facilities where water resource
construction projects financed, in whole or in part, by the state or by the state jointly with the federal
government create an undue burden on a local area’s ability to provide these services and facilities.
This bill would establish in the State Treasury the Water Affordability and System Stabilization Fund for
holding the principal and income of the Water Affordability and System Stabilization Trust, which the bill
would create. The bill would designate the Treasurer as trustee of the trust, as specified, and would
require the trustee, among other things, to hold, manage, and invest the principal of the trust with the
obligation of providing a growing perpetual source of annual funding to the Water Rate Assistance
Fund, administered by the state board, and the Community Water Affordability Assistance Fund,
administered by the department, beginning 25 years after the Legislature transfers funding from the
General Fund to the Water Affordability and System Stabilization Fund. This bill contains other related
provisions and other existing laws.
Position
Notes 1: ACWA - SUPPORT
CMUA - SUPPORT
SB 872

(McNerney D) Delta Levees and Canal Subsidence Fund.
Current Text: Enrolled: 8/27/2026 html pdf
Introduced: 1/6/2026
Last Amend: 8/13/2026
Status: 8/27/2026-Enrolled and presented to the Governor at 4:30 p.m.
Location: 8/27/2026-S. ENROLLED

Page 3/5

Desk Policy Fiscal Floor Desk Policy Fiscal Floor Conf.
Enrolled Vetoed Chaptered
Conc.
1st House
2nd House
Summary: The Sacramento-San Joaquin Delta Reform Act of 2009, declares that the Sacramento-San
Joaquin Delta (Delta) is a critically important natural resource for California and the nation and it serves
as both the hub of the California water system and the most valuable estuary and wetland ecosystem
on the west coast of North and South America. Existing law establishes in the Natural Resources
Agency the Department of Water Resources (department). Existing law requires the department and
the Department of Fish and Wildlife to determine the principal options for the Delta and requires the
department to evaluate and comparatively rate each option for its ability to do specified things,
including, among others, to maintain Delta water quality for Delta users, and to preserve, protect, and
improve Delta levees. Existing law establishes in the agency the Sacramento-San Joaquin Delta
Conservancy. Existing law requires the conservancy to act as a primary state agency to implement
ecosystem restoration in the Delta and to support efforts that advance environmental protection and
the economic well-being of Delta residents. Existing law provides for the preservation of specified
management areas of the Suisun Marsh, pursuant to a protection plan prepared and adopted by the
San Francisco Bay Conservation and Development Commission, as provided. Existing law establishes
the Delta Stewardship Council, and requires the council to develop, adopt, and implement a
comprehensive long-term management plan for the Delta, known as the Delta Plan, as provided.
Existing law requires the department, upon appropriation, to reimburse an eligible local agency for
costs incurred for the maintenance or improvement of specified levees, in an amount not to exceed
75% of costs incurred in excess of a set amount per mile, as provided. This bill would require the
department to reimburse 100% of the excess costs if a local agency demonstrates economic hardship
and the reimbursement is for a project that addresses a threat to life, property, water supply, or
habitat.
Position
SUPPORT
Notes 1: ACWA - SUPPORT
SB 1085

(Durazo D) Water supply planning: housing developments.
Current Text: Enrolled: 9/3/2026 html pdf
Introduced: 2/13/2026
Last Amend: 8/19/2026
Status: 9/3/2026-Enrolled and presented to the Governor at 3 p.m.
Location: 9/3/2026-S. ENROLLED
Desk Policy Fiscal Floor Desk Policy Fiscal Floor Conf.
Enrolled
Conc.
1st House
2nd House

Vetoed

Chaptered

Summary: The California Environmental Quality Act (CEQA) requires a lead agency, as defined, to be
responsible for determining whether a project is exempt from CEQA and whether an environmental
impact report, a negative declaration, or a mitigated negative declaration is required. Existing law
requires a city or county that determines a certain type of project is subject to the requirements of
CEQA to identify any public water system that may supply water for the project and to request those
public water systems to prepare a specified water supply assessment, as provided. This bill, among
other things, would instead require a city or county, upon receipt of a preliminary application for a
housing development project that meets certain conditions, or upon a development application for
certain projects being determined as complete or deemed complete, to make that identification of
public water systems. The bill would require a city or county, within 15 days of receiving an application
that meets either of the above-mentioned criteria, to request each identified public water system to
determine whether the projected water demand associated with the proposed project was included in
the most recently adopted urban water management plan.
Position
SUPPORT
SB 1125

(Menjivar D) Water Rate Assistance Program.
Current Text: Enrolled: 8/31/2026 html pdf
Introduced: 2/17/2026
Last Amend: 8/19/2026
Status: 8/31/2026-Enrolled and presented to the Governor at 6 p.m.
Location: 8/31/2026-S. ENROLLED
Desk Policy Fiscal Floor Desk Policy Fiscal Floor Conf.
Enrolled
Conc.
1st House
2nd House

Vetoed

Chaptered

Summary: Existing law requires the State Water Resources Control Board to develop a plan for the
funding and implementation of the Low-Income Water Rate Assistance Program. Existing law requires
the plan to include, among other things, a description of the method for collecting moneys to support
and implement the program and a description of the method for determining the amount of moneys
that may need to be collected from water ratepayers to fund the program. This bill would establish the
Water Rate Assistance Program. As part of the program, the bill would establish the Water Rate

Page 4/5

Assistance Fund in the State Treasury, available upon appropriation by the Legislature, to provide
water affordability assistance for residential water services to low-income residential ratepayers, as
specified. The bill would establish separate implementation procedures depending on whether the
state board determines that the Legislature appropriated enough moneys from the fund for a partial
implementation of the program or a statewide implementation of the program. The bill would require
the state board to take various actions in administering the fund, including, among other things,
tracking and managing revenue in the fund separately from all other revenue. The bill would require
the state board, in consultation with relevant agencies and after a public hearing, to adopt guidelines
for implementation of the program and to adopt and submit a report to the Legislature or post the
report on its internet website, as specified.
Position
Notes 1: ACWA - SUPPORT IF AMENDED
CMUA - SUPPORT
SB 1153

(Caballero D) Disaster preparedness: urban retail water suppliers and public water systems:
wildfire.
Current Text: Enrolled: 9/8/2026 html pdf
Introduced: 2/18/2026
Last Amend: 8/17/2026
Status: 9/8/2026-Enrolled and presented to the Governor at 4 p.m.
Location: 9/8/2026-S. ENROLLED
Desk Policy Fiscal Floor Desk Policy Fiscal Floor Conf.
Enrolled Vetoed Chaptered
Conc.
1st House
2nd House
Summary: The California Emergency Services Act requires all public water systems, as defined, with
10,000 or more service connections to review and revise their disaster preparedness plans in
conjunction with related agencies, including, but not limited to, local fire departments and the Office of
Emergency Services, to ensure that the plans are sufficient to address possible disaster scenarios. A
person, as defined, who violates the provisions of this act is guilty of a misdemeanor. This bill,
beginning January 1, 2028, would require all urban retail water suppliers, as defined, serving 3,300 or
more persons and serving a high or very high fire hazard severity zone to include incident-specific
response procedures for wildfires as part of their disaster preparedness plans, including any applicable
emergency response plan as required by federal law. The bill would require these plans to include,
among other things, mitigation actions, including actions, procedures, and equipment, that can obviate
or significantly lessen the impact of a wildfire on the water system and the supply of drinking water
provided by the water supplier. Because violation of these requirements by certain urban retail water
suppliers would constitute a misdemeanor, the bill would expand the scope of a crime, thereby
imposing a state-mandated local program.
Position
SUPPORT
Notes 1: ACWA - SUPPORT/SPONSOR
CMUA - SUPPORT

Total Measures: 11
Total Tracking Forms: 11

Page 5/5

Agenda Item: 5C
Date: October 7, 2026
TO: THE BOARD OF DIRECTORS
Laura Roughton, President
Fauzia Rizvi, Vice President
Brenda Dennstedt, Secretary-Treasurer
Gracie Torres
Mike Gardner
FROM: Craig D. Miller, P.E., General Manager

RECEIVE AND FILE THE QUARTERLY INVESTMENT REPORT FOR THE
PERIOD ENDED JUNE 30, 2026

Western Water | 14205 Meridian Parkway, Riverside | 951.571.7100 | WesternWaterCA.gov

Attachment 1

INVESTMENT REPORT
Western Municipal Water District | As of June 30, 2026

CHANDLER ASSET MANAGEMENT | chandlerasset.com

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

TABLE OF CONTENTS
ECONOMIC UPDATE
ACCOUNT PROFILE

1

ECONOMIC UPDATE

2

EMPLOYMENT

Nonfarm Payroll (000's)

Unemployment Rate

1,000

12.0%

800

3-month average (000's)

600
400

200
0

Unemployment Rate (U3)

8.0%
6.0%

4.0%

-200

2.0%

-400

0.0%

Source: US Department of Labor

Underemployment Rate (U6)

10.0%

Rate (%)

MOM Change In Thousands (000's)

Non-farm Payroll (000's)

Source: US Department of Labor

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.

3

INFLATION
Consumer Price Index (CPI)
10.0%

Personal Consumption Expenditures (PCE)
8.0%

CPI YOY % Change

9.0%

YOY (%) Change

7.0%

6.0%
5.0%
4.0%

3.0%
2.0%
1.0%
0.0%

Source: US Department of Labor

7.0%

Core CPI YOY %
Change

6.0%
YOY (%) Change

8.0%

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

5.0%
4.0%
3.0%

2.0%
1.0%
0.0%

Source: US Department of Commerce

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.

4

FEDERAL RESERVE

Federal Reserve Balance Sheet Assets

Effective Federal Funds Rate
6.00%

10,000,000
9,000,000

Recession

Recession

5.00%

8,000,000
6,000,000

5,000,000
4,000,000
3,000,000
2,000,000

4.00%
Yield (%)

In $ millions

7,000,000

3.00%
2.00%

1.00%

1,000,000
0

Source: Federal Reserve

0.00%

Source: Bloomberg

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.

5

BOND YIELDS

US Treasury Yield Curve

US Treasury Note Yields
5.5%

6.0%

5.0%

5.0%

4.5%
Yield (%)

Yield (%)

4.0%
3.0%
2.0%
1.0%
0.0%

Source: Bloomberg

2-Year
5-Year
10-Year

4.0%
3.5%

3.0%

Jun-26
Mar-26
Jun-25

2.5%
2.0%

Source: Bloomberg

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.

6

ACCOUNT PROFILE

7

STATEMENT OF COMPLIANCE
Western Municipal Water District | Account #250 | As of June 30, 2026
Limit

Actual

Compliance
Status

Max % (MV)

100.0

16.6

Compliant

Max % Issuer (MV)

25.0

16.6

Compliant

Max Maturity (Years)

10.0

6.7

Compliant

Max % (MV; Non Agency ABS & MBS)

20.0

5.7

Compliant

Max % Issuer (MV)

5.0

0.9

Compliant

Max Maturity (Years)

5

4

Compliant

Min Rating (AA- by 1)

0.0

0.0

Compliant

Max % (MV)

40.0

0.0

Compliant

Max % Issuer (MV)

5.0

0.0

Compliant

Max Maturity (Days)

180

0.0

Compliant

Min Rating (A-1 by 1 or A- by 1)

0.0

0.0

Compliant

Max % (MV)

50.0

0.0

Compliant

Max Maturity (Years)

5.0

0.0

Compliant

Max % (MV)

20.0

0.0

Compliant

Max % Issuer (MV)

5.0

0.0

Compliant

Max Maturity (Years)

5.0

0.0

Compliant

Max % (MV)

40.0

0.0

Compliant

Max % Issuer (MV)

5.0

0.0

Compliant

Max Maturity (Days)

397

0.0

Compliant

Min Rating (A-1 by 1 or A- by 1)

0.0

0.0

Compliant

30.0

27.9

Compliant

Rules Name

Notes

AGENCY MORTGAGE SECURITIES

ASSET-BACKED SECURITIES (ABS)

BANKERS' ACCEPTANCES

CERTIFICATE OF DEPOSIT PLACEMENT SERVICE
(CDARS)

COLLATERALIZED TIME DEPOSITS (NONNEGOTIABLE CD/TD)

COMMERCIAL PAPER

CORPORATE MEDIUM TERM NOTES
Max % (MV)

8

STATEMENT OF COMPLIANCE
Western Municipal Water District | Account #250 | As of June 30, 2026
Rules Name

Limit

Actual

Compliance
Status

Max % Issuer (MV)

5.0

1.6

Compliant

Max Maturity (Years)

5

4

Compliant

Min Rating (A- by 1)

0.0

0.0

Compliant

Max % (MV)

20.0

0.0

Compliant

Max Amount Issuer

250,000.0

0.0

Compliant

Max Maturity (Years)

5

0.0

Compliant

Max % (MV)

100.0

9.4

Compliant

Max % Issuer (MV)

25.0

5.2

Compliant

Max Maturity (Years)

10

4

Compliant

75.0

0.0

Compliant

Max % (MV)

20.0

0.1

Compliant

Min Rating (AAA by 2)

0.0

0.0

Compliant

Max % (MV)

20.0

0.0

Compliant

Max % Issuer (MV)

5.0

0.0

Compliant

Max Maturity (Years)

5.0

0.0

Compliant

Min Rating (AA- by 1)

0.0

0.0

Compliant

Max % (MV)

30.0

2.2

Compliant

Max % Issuer (MV)

5.0

2.2

Compliant

Max Maturity (Years)

10

6

Compliant

Min Rating (A- by 1)

0.0

0.0

Compliant

Max % (MV)

30.0

3.2

Compliant

Max % Issuer (MV)

5.0

1.2

Compliant

Notes

FDIC INSURED TIME DEPOSITS (NON-NEGOTIABLE
CD/TD)

FEDERAL AGENCIES

LOCAL AGENCY INVESTMENT FUND (LAIF)
Max Concentration (MV)
MONEY MARKET MUTUAL FUNDS

MORTGAGE-BACKED SECURITIES (NON-AGENCY)

MUNICIPAL SECURITIES (CA, LOCAL AGENCY)

MUNICIPAL SECURITIES (CA, OTHER STATES)

9

STATEMENT OF COMPLIANCE
Western Municipal Water District | Account #250 | As of June 30, 2026
Rules Name

Limit

Actual

Compliance
Status

Max Maturity (Years)

10

7

Compliant

Min Rating (A- by 1)

0.0

0.0

Compliant

Max % (MV)

10.0

0.0

Compliant

Max % Issuer (MV)

10.0

0.0

Compliant

Min Rating (AAA by 2)

0.0

0.0

Compliant

Max % (MV)

30.0

0.0

Compliant

Max % Issuer (MV)

5.0

0.0

Compliant

Max Maturity (Years)

5

0.0

Compliant

Min Rating (A-1 by 1 or A- by 1 if > FDIC Limit)

0.0

0.0

Compliant

Max % Issuer (MV)

5.0

0.0

Compliant

Max Maturity (Days)

90.0

0.0

Compliant

Max % (MV)

30.0

0.0

Compliant

Max % Issuer (MV)

10.0

0.0

Compliant

Max Maturity (Years)

5

0.0

Compliant

Min Rating (AA- by 1)

0.0

0.0

Compliant

Max % (MV)

100.0

34.9

Compliant

Max Maturity (Years)

10

7

Compliant

Notes

MUTUAL FUNDS

NEGOTIABLE CERTIFICATES OF DEPOSIT (NCD)

REPURCHASE AGREEMENTS

SUPRANATIONAL OBLIGATIONS

U.S. TREASURIES

10

PORTFOLIO CHARACTERISTICS
Western Municipal Water District | Account #250 | As of June 30, 2026
Benchmark*

6/30/2026
Portfolio

3/31/2026
Portfolio

Average Maturity (yrs)

3.83

4.15

4.01

Average Modified Duration

3.42

3.55

3.46

3.69%

3.51%

Average Purchase Yield
Average Market Yield

4.20%

4.39%

4.12%

Average Quality**

AA+

AA

AA+

287,252,017

286,310,582

Total Market Value

*Benchmark: ICE BofA 1-10 Year Unsubordinated US Treasury & Agency Index
**The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch.

11

HISTORICAL AVERAGE PURCHASE YIELD
Western Municipal Water District | Account #250 | As of June 30, 2026
Purchase Yield as of 06/30/26 = 3.69%

12

SECTOR DISTRIBUTION
Western Municipal Water District | Account #250 | As of June 30, 2026

Sector as a Percentage of Market Value
Sector

06/30/2026

03/31/2026

US Treasury

34.86%

37.75%

Corporate

27.79%

26.49%

Agency CMBS

16.71%

16.85%

Agency

9.38%

10.13%

ABS

5.74%

2.80%

Muni Bonds

5.42%

4.28%

Money Mkt Fd

0.10%

1.14%

--

0.56%

Supras

13

ISSUERS
Western Municipal Water District | Account #250 | As of June 30, 2026
Issuer

Investment Type

United States

US Treasury

% Portfolio
34.86%

Federal Home Loan Mortgage Corp

Agency CMBS

16.71%

Federal Home Loan Banks

Agency

5.23%

Federal National Mortgage Assoc

Agency

2.38%

State of California

Muni Bonds

2.19%

The Home Depot, Inc.

Corporate

1.57%

Duke Energy Corporation

Corporate

1.34%

State of Washington

Muni Bonds

1.19%

Guardian Life Global Funding

Corporate

1.15%

Metropolitan Life Global Funding I

Corporate

1.05%

Caterpillar Inc.

Corporate

1.05%

Bank of America Corporation

Corporate

1.00%

Northwestern Mutual Global Funding

Corporate

1.00%

New York Life Insurance Company

Corporate

0.99%

Simon Property Group, Inc.

Corporate

0.96%

Toyota Motor Corporation

Corporate

0.95%

Farm Credit System

Agency

0.90%

Morgan Stanley

Corporate

0.89%

Deere & Company

Corporate

0.88%

Commonwealth of Massachusetts

Muni Bonds

0.88%

Enterprise Products Partners L.P.

Corporate

0.87%

State of Tennessee

Agency

0.87%

WF Card Issuance Trust

ABS

0.87%

PACCAR Inc

Corporate

0.87%

Mastercard Incorporated

Corporate

0.85%

PepsiCo, Inc.

Corporate

0.84%

The Progressive Corporation

Corporate

0.84%

Chubb Limited

Corporate

0.81%

Pacific Life Global Funding II

Corporate

0.78%

Chase Issuance Trust

ABS

0.77%

14

ISSUERS
Western Municipal Water District | Account #250 | As of June 30, 2026
Issuer

Investment Type

The Goldman Sachs Group, Inc.

Corporate

0.76%

Honda Auto Receivables Owner Trust

ABS

0.74%

American Express Credit Master Trust

ABS

0.73%

Pfizer Inc.

Corporate

0.72%

Berkshire Hathaway Inc.

Corporate

0.72%

Florida Power & Light

Corporate

0.71%

Nat Rural Util Coop Fin Corp

Corporate

0.71%

Marsh & McLennan Companies, Inc.

Corporate

0.70%

JPMorgan Chase & Co.

Corporate

0.70%

Visa Inc.

Corporate

0.64%

Eli Lilly and Company

Corporate

0.63%

State of Georgia

Muni Bonds

0.61%

Hyundai Motor Company

ABS

0.56%

Texas Public Finance Authority

Muni Bonds

0.54%

Hyundai Motor Company

Corporate

0.54%

Cargill, Incorporated

Corporate

0.52%

Massachusetts Mutual Life Insurance

Corporate

0.51%

Prudential Financial, Inc.

Corporate

0.49%

Bank of America Credit Card Trust

ABS

0.46%

Met Tower Global Funding

Corporate

0.42%

John Deere Owner Trust

ABS

0.36%

Prologis, Inc.

Corporate

0.35%

Hyundai Auto Receivables Trust

ABS

0.34%

GM Financial Auto Leasing Trust

ABS

0.33%

Hyundai Auto Lease Sec Trust

ABS

0.30%

Mercedes-Benz Auto Lease Trust

ABS

0.28%

First American Govt Oblig Fund

Money Mkt Fd

0.10%

Cash

Cash

0.00%

TOTAL

% Portfolio

100.00%

15

INVESTMENT PERFORMANCE
Western Municipal Water District | Account #250 | As of June 30, 2026
Total and Realized Rate of Return : Inception | 09/01/2001
6.00%

5.00%

4.00%

3.00%

2.00%

1.00%

0.00%
3 months

12 months

2 years
WMWD

3 years

Benchmark

5 years

10 years

Since Inception

WMWD Realized Return

3 Months

12 Months

2 Years

3 Years

5 Years

10 Years

Since Inception

0.33%

3.13%

4.91%

4.68%

1.36%

1.82%

3.32%

0.19%

2.69%

4.45%

4.11%

0.94%

1.44%

2.87%

0.93%

3.55%

3.15%

TOTAL RATE OF RETURN
WMWD

Benchmark
REALIZED RATE OF RETURN
WMWD

*Periods over 1 year are annualized.
Benchmark: ICE BofA 1-10 Year Unsubordinated US Treasury & Agency Index
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
and unrealized gains and losses in the portfolio. Realized rate of return: A measure of a portfolio’s return over time. It is the internal rate which equates the beginning book value of the portfolio with the ending book value;
it includes interest earnings, realized gains and losses in the portfolio.

16

INVESTMENT REPORT
Western Municipal Water District VEBA Account | As of March June 30, 2026

CHANDLER ASSET MANAGEMENT | chandlerasset.com

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

17

STATEMENT OF COMPLIANCE
Western Municipal Water District VEBA Account | Account #254 | As of June 30, 2026
Limit

Actual

Compliance
Status

Max % (MV)

10.0

0.8

Compliant

Min % (MV)

0.0

0.8

Compliant

Max % (MV)

25.0

3.9

Compliant

Min % (MV)

0.0

3.9

Compliant

Max % (MV)

75.0

33.9

Compliant

Min % (MV)

15.0

33.9

Compliant

Max % (MV)

75.0

27.2

Compliant

Min % (MV)

20.0

27.2

Compliant

Max % (MV)

75.0

33.9

Compliant

Min % (MV)

25.0

33.9

Compliant

Max % (MV)

35.0

4.5

Compliant

Min % (MV)

0.0

4.5

Compliant

Max % (MV)

50.0

17.7

Compliant

Min % (MV)

5.0

17.7

Compliant

Max % (MV)

10.0

3.0

Compliant

Min % (MV)

0.0

3.0

Compliant

Max % (MV)

25.0

3.0

Compliant

Min % (MV)

0.0

3.0

Compliant

Rules Name

Notes

CASH EQUIVALENTS

COMMODITIES

DOMESTIC BONDS

DOMESTIC EQUITIES

FIXED INCOME

INTERNATIONAL BONDS

INTERNATIONAL EQUITIES

INTERNATIONAL REAL ESTATE

US REAL ESTATE

18

CHANGE IN PORTFOLIO HOLDINGS DETAIL
Western Municipal Water District VEBA Account | Account #254 | As of June 30, 2026
June 30, 2026

March 31, 2026

Change

Market Value

% Held

Market Value

% Held

Market Value

% Held

Core Bonds

7,393,488.15

27.12%

6,916,637.00

26.80%

476,851.15

0.32%

US TIPS

1,644,170.90

6.03%

1,534,842.60

5.95%

109,328.30

0.08%

Intl Bonds

1,231,332.75

4.52%

1,153,920.75

4.47%

77,412.00

0.05%

US Bonds

1,843,966.20

6.76%

1,735,164.00

6.72%

108,802.20

0.04%

Total Bonds

12,112,958.00

44.43%

11,340,564.35

43.94%

772,393.65

0.49%

204,578.82

0.75%

193,132.56

0.75%

11,446.26

0.00%

382.86

0.00%

476.87

0.00%

(94.01)

(0.00)

204,961.68

0.75%

193,609.43

0.75%

11,352.25

0.00%

Commodities

1,055,742.55

3.87%

1,040,003.70

4.03%

15,738.85

(0.16)

Total Commodities

1,055,742.55

3.87%

1,040,003.70

4.03%

15,738.85

(0.16)

2,414,162.05

8.86%

1,957,961.25

7.59%

456,200.80

1.27%

Small Cap

879,048.00

3.22%

813,261.60

3.15%

65,786.40

0.07%

Intl Equity

2,406,468.75

8.83%

1,702,926.00

6.60%

703,542.75

2.23%

Large Cap

5,421,963.60

19.89%

6,159,770.30

23.87%

(737,806.70)

(3.98)

Mid Cap

1,123,492.70

4.12%

1,044,013.80

4.05%

79,478.90

0.08%

Total Equity

12,245,135.10

44.92%

11,677,932.95

45.25%

567,202.15

(0.33)

Intl RE

822,549.00

3.02%

781,653.25

3.03%

40,895.75

(0.01)

Real Estate

820,137.15

3.01%

773,464.00

3.00%

46,673.15

0.01%

Total Real Estate (REIT)

1,642,686.15

6.03%

1,555,117.25

6.03%

87,568.90

(0.00)

TOTAL PORTFOLIO

27,261,483.48

100.00%

25,807,227.68

100.00%

1,454,255.80

0.00%

BONDS

CASH
Money Mkt Fd
Cash
Total Cash
COMMODITIES

EQUITY
Emrging Mkts

REAL ESTATE (REIT)

19

INVESTMENT PERFORMANCE
Western Municipal Water District VEBA Account | Account #254 | As of June 30, 2026
Total Rate of Return: Inception | 12/01/2009

TOTAL RATE OF RETURN*

3 Months

12 Months

2 Years

3 Years

5 Years

10 Years

Since Inception

6.59%

14.41%

12.51%

11.80%

5.49%

7.91%

7.75%

Benchmark

8.25%

14.36%

13.29%

12.94%

7.04%

8.57%

8.02%

Secondary Benchmark

8.91%

15.33%

13.45%

12.66%

5.95%

7.72%

7.55%

WMWD VEBA Account

*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
and unrealized gains and losses in the portfolio.
Benchmark: 35% S&P 500 TR, 40% ICE Corp Gov & Mtg Index, 25% MSCI EAFE NTR - Monthly Rebalancing
Secondary Benchmark: 54% MSCI ACWI IMI NTR, 6% FTSE EPRA Nareit Global REITs NTR, 40% ICE BofA US Broad Market Index

20

INVESTMENT REPORT
WMWD Section 115 Account | As of June 30, 2026

CHANDLER ASSET MANAGEMENT | chandlerasset.com

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

21

STATEMENT OF COMPLIANCE
WMWD Section 115 Account | Account #11534 | As of June 30, 2026
Limit

Actual

Compliance
Status

Max % Issuer (MV)

5.0

0.0

Compliant

Min Rating (A-1+, P-1 or F-1+ by 1)

0.0

0.0

Compliant

Max % (MV)

5.0

0.2

Compliant

Min % (MV)

0.0

0.2

Compliant

Max % (MV)

5.0

3.9

Compliant

Min % (MV)

0.0

3.9

Compliant

Max % Issuer (MV)

5.0

0.0

Compliant

Min Rating (BBB- by 1)

0.0

0.0

Compliant

Max % (MV)

70.0

45.0

Compliant

Min % (MV)

30.0

45.0

Compliant

Max % (MV)

70.0

38.4

Compliant

Min % (MV)

30.0

38.4

Compliant

Max %

15.0

4.5

Compliant

Min % (MV)

0.0

4.5

Compliant

Max % (MV)

35.0

17.8

Compliant

Min % (MV)

0.0

17.8

Compliant

Max % (MV)

5.0

3.0

Compliant

Min % (MV)

0.0

3.0

Compliant

5.0

0.0

Compliant

Rules Name

Notes

BANKERS' ACCEPTANCES

CASH

COMMODITIES

CORPORATE MEDIUM TERM NOTES

EQUITIES

FIXED INCOME

INTERNATIONAL BONDS

INTERNATIONAL EQUITIES

INTERNATIONAL REAL ESTATE

NON- AGENCY ASSET-BACKED SECURITIES (ABS)
Max % Issuer (MV)

22

STATEMENT OF COMPLIANCE
WMWD Section 115 Account | Account #11534 | As of June 30, 2026
Rules Name

Limit

Actual

Compliance
Status

Min Rating (AAA by 1)

0.0

0.0

Compliant

Max % Issuer (MV)

5.0

0.0

Compliant

Min Rating (AAA by 1)

0.0

0.0

Compliant

Max % (MV)

15.0

6.0

Compliant

Min % (MV)

0.0

6.0

Compliant

0.0

0.0

Compliant

Max % (MV)

70.0

27.2

Compliant

Min % (MV)

15.0

27.2

Compliant

Max % (MV)

70.0

33.9

Compliant

Min % (MV)

30.0

33.9

Compliant

Max % (MV)

15.0

6.8

Compliant

Min % (MV)

0.0

6.8

Compliant

Max % (MV)

70.0

33.6

Compliant

Min % (MV)

30.0

33.6

Compliant

Max % (MV)

15.0

3.0

Compliant

Min % (MV)

0.0

3.0

Compliant

Notes

NON-AGENCY MORTGAGE-BACKED SECURITIES, CMOS

REAL ESTATE

SUPRANATIONAL OBLIGATIONS
Min Rating (AA- by 1)

U.S. EQUITIES

U.S. FIXED INCOME

U.S. HIGH YIELD BONDS

U.S. INVESTMENT GRADE BONDS

U.S. REAL ESTATE

23

CHANGE IN PORTFOLIO HOLDINGS DETAIL
WMWD Section 115 Account | Account #11534 | As of June 30, 2026
June 30, 2026

March 31, 2026

Change

Market Value

% Held

Market Value

% Held

Market Value

% Held

Core Bonds

7,146,830.55

27.11%

6,633,491.20

26.80%

513,339.35

0.31%

US TIPS

1,708,587.60

6.48%

1,533,396.00

6.20%

175,191.60

0.29%

Intl Bonds

1,190,409.40

4.52%

1,106,591.50

4.47%

83,817.90

0.05%

US Bonds

1,782,513.00

6.76%

1,664,247.00

6.72%

118,266.00

0.04%

Total Bonds

11,828,340.55

44.87%

10,937,725.70

44.19%

890,614.85

0.68%

51,958.84

0.20%

123,096.47

0.50%

(71,137.63)

(0.30)

Cash

572.67

0.00%

541.01

0.00%

31.66

(0.00)

Total Cash

52,531.51

0.20%

123,637.48

0.50%

(71,105.97)

(0.30)

Commodities

1,020,614.95

3.87%

997,393.65

4.03%

23,221.30

(0.16)

Total Commodities

1,020,614.95

3.87%

997,393.65

4.03%

23,221.30

(0.16)

Intl Equity

2,342,700.00

8.89%

1,633,078.80

6.60%

709,621.20

2.29%

Emrging Mkts

2,350,293.75

8.92%

1,877,697.00

7.59%

472,596.75

1.33%

Mid Cap

1,086,094.35

4.12%

1,001,469.90

4.05%

84,624.45

0.07%

Small Cap

848,736.00

3.22%

780,521.60

3.15%

68,214.40

0.07%

Large Cap

5,242,230.00

19.89%

5,908,284.45

23.87%

(666,054.45)

(3.98)

Total Equity

11,870,054.10

45.03%

11,201,051.75

45.25%

669,002.35

(0.22)

Intl RE

795,190.50

3.02%

749,649.25

3.03%

45,541.25

(0.01)

Real Estate

792,654.60

3.01%

741,975.50

3.00%

50,679.10

0.01%

Total Real Estate (REIT)

1,587,845.10

6.02%

1,491,624.75

6.03%

96,220.35

(0.00)

TOTAL PORTFOLIO

26,359,386.21

100.00%

24,751,433.33

100.00%

1,607,952.88

(0.00)

BONDS

CASH
Money Mkt Fd

COMMODITIES

EQUITY

REAL ESTATE (REIT)

24

INVESTMENT PERFORMANCE
WMWD Section 115 Account | Account #11534 | As of June 30, 2026
Total Rate of Return: Inception | 02/01/2026

TOTAL RATE OF RETURN*
WMWD Section 115 Account

3 Months

12 Months

2 Years

3 Years

5 Years

10 Years

Since Inception

6.56%

Benchmark

8.25%

Secondary Benchmark

8.91%

*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
and unrealized gains and losses in the portfolio.
25
Benchmark: 35% S&P 500 TR, 40% ICE Corp Gov & Mtg Index, 25% MSCI EAFE NTR - Monthly Rebalancing
Secondary Benchmark: 54% MSCI ACWI IMI NTR, 6% FTSE EPRA Nareit Global REITs NTR, 40% ICE BofA US Broad Market Index

Attachment 2

INVESTMENT REPORT
Western Municipal Water District | As of June 30, 2026

CHANDLER ASSET MANAGEMENT | chandlerasset.com

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

TABLE OF CONTENTS
ECONOMIC UPDATE
ACCOUNT PROFILE

CONSOLIDATED INFORMATION
PORTFOLIO HOLDINGS
TRANSACTIONS

1

ECONOMIC UPDATE

2

ECONOMIC UPDATE

▪

▪

▪

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.
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.

3

EMPLOYMENT

Nonfarm Payroll (000's)

Unemployment Rate

1,000

12.0%

800

3-month average (000's)

600
400

200
0

Unemployment Rate (U3)

8.0%
6.0%

4.0%

-200

2.0%

-400

0.0%

Source: US Department of Labor

Underemployment Rate (U6)

10.0%

Rate (%)

MOM Change In Thousands (000's)

Non-farm Payroll (000's)

Source: US Department of Labor

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.

4

JOB OPENINGS & LABOR TURNOVER SURVEY
Job Openings
14,000
Recession
12,000

Historical Average

In Thousands (000's)

10,000
8,000
6,000
4,000
2,000
0

Source: US Department of Labor

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.

5

ENERGY MARKETS
Oil Prices

US Fuel Prices

160

5.50

120

100
80
60

Average Retail Price US Diesel
Average Retail Price US Gas

6.00

5.00
($) Per Gallon

Price Per Barrel (WTI Spot)

140

6.50

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

4.50
4.00

3.50
3.00
2.50

40

Source: Bloomberg Indices

2.00

Source: Bloomberg Indices

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.

6

INFLATION
Consumer Price Index (CPI)
10.0%

Personal Consumption Expenditures (PCE)
8.0%

CPI YOY % Change

9.0%

YOY (%) Change

7.0%

6.0%
5.0%
4.0%

3.0%
2.0%
1.0%
0.0%

Source: US Department of Labor

7.0%

Core CPI YOY %
Change

6.0%
YOY (%) Change

8.0%

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

5.0%
4.0%
3.0%

2.0%
1.0%
0.0%

Source: US Department of Commerce

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.

7

CONSUMER

Consumer Confidence

Retail Sales YOY % Change
20.0%

160
140

10.0%

5.0%

120
Index Level

YOY (%) Change

15.0%

Recession

100
80
60
40

20
0.0%

Source: US Department of Commerce

0

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

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.

8

LEADING INDICATORS OF ECONOMIC ACTIVITY

Chicago Fed National Activity Index (CFNAI)

15.0%

1.00

10.0%

0.75

5.0%

0.50
3 Month Average

YOY (%) Change

Leading Economic Indicators (LEI)

0.0%

-5.0%

-10.0%

0.00

-0.25
-0.50

-15.0%
-20.0%

0.25

Recession

-25.0%

Source: The Conference Board

Recession

-0.75

-1.00

Source: Federal Reserve Bank of Chicago

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.

9

HOUSING

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

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

Source: US Department of Commerce

Multi Family Housing Starts
Single Family Housing Starts

YOY (%) Change

In Thousands of Units

Annualized 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%

Recession

Source: S&P

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.

10

PURCHASING MANAGERS INDEX (PMI)
Institute of Supply Management (ISM) Surveys
70
ISM Manufacturing

ISM Services

65
60
55
50

EXPANDING
CONTRACTING

45
40

Source: Institute for Supply Management

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.

11

GROSS DOMESTIC PRODUCT (GDP)

Gross Domestic Product (GDP)
Components of GDP

6/25

9/25

12/25

3/26

Personal Consumption Expenditures

1.7%

2.3%

1.3%

0.4%

Gross Private Domestic Investment

-2.7%

0.0%

0.4%

1.4%

14.0%
12.0%

GDP QOQ % Change
GDP YOY % Change

10.0%
8.0%
6.0%

Net Exports and Imports

4.8%

1.6%

-0.2%

-0.4%

Federal Government Expenditures

-0.4%

0.2%

-1.2%

0.6%

2.0%
0.0%

State and Local (Consumption and Gross
Investment)

0.3%

0.2%

0.2%

0.2%

Total

3.8%

4.4%

0.5%

2.1%

Source: US Department of Commerce

4.0%

-2.0%

Source: US Department of Commerce

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.

12

FEDERAL RESERVE

Federal Reserve Balance Sheet Assets

Effective Federal Funds Rate
6.00%

10,000,000
9,000,000

Recession

Recession

5.00%

8,000,000
6,000,000

5,000,000
4,000,000
3,000,000
2,000,000

4.00%
Yield (%)

In $ millions

7,000,000

3.00%
2.00%

1.00%

1,000,000
0

Source: Federal Reserve

0.00%

Source: Bloomberg

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.

13

BOND YIELDS

US Treasury Yield Curve

US Treasury Note Yields
5.5%

6.0%

5.0%

5.0%

4.5%
Yield (%)

Yield (%)

4.0%
3.0%
2.0%
1.0%
0.0%

Source: Bloomberg

2-Year
5-Year
10-Year

4.0%
3.5%

3.0%

Jun-26
Mar-26
Jun-25

2.5%
2.0%

Source: Bloomberg

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.

14

ACCOUNT PROFILE

15

OBJECTIVES

Investment Objectives
The Western Municipal 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.
The District funds its liquidity needs from sources other than this portfolio.
Chandler Asset Management Performance Objective
Our performance objective for the Western Municipal Water District is to achieve a return
greater than the return of the ICE BofA 1-10 Year Treasury and Agency Index over a market
cycle.
Strategy
In order to achieve these objectives, the portfolio invests in high quality fixed income securities
consistent with the investment policy and California Government Code.

16

STATEMENT OF COMPLIANCE
Western Municipal Water District | Account #250 | As of June 30, 2026
Limit

Actual

Compliance
Status

Max % (MV)

100.0

16.6

Compliant

Max % Issuer (MV)

25.0

16.6

Compliant

Max Maturity (Years)

10.0

6.7

Compliant

Max % (MV; Non Agency ABS & MBS)

20.0

5.7

Compliant

Max % Issuer (MV)

5.0

0.9

Compliant

Max Maturity (Years)

5

4

Compliant

Min Rating (AA- by 1)

0.0

0.0

Compliant

Max % (MV)

40.0

0.0

Compliant

Max % Issuer (MV)

5.0

0.0

Compliant

Max Maturity (Days)

180

0.0

Compliant

Min Rating (A-1 by 1 or A- by 1)

0.0

0.0

Compliant

Max % (MV)

50.0

0.0

Compliant

Max Maturity (Years)

5.0

0.0

Compliant

Max % (MV)

20.0

0.0

Compliant

Max % Issuer (MV)

5.0

0.0

Compliant

Max Maturity (Years)

5.0

0.0

Compliant

Max % (MV)

40.0

0.0

Compliant

Max % Issuer (MV)

5.0

0.0

Compliant

Max Maturity (Days)

397

0.0

Compliant

Min Rating (A-1 by 1 or A- by 1)

0.0

0.0

Compliant

30.0

27.9

Compliant

Rules Name

Notes

AGENCY MORTGAGE SECURITIES

ASSET-BACKED SECURITIES (ABS)

BANKERS' ACCEPTANCES

CERTIFICATE OF DEPOSIT PLACEMENT SERVICE
(CDARS)

COLLATERALIZED TIME DEPOSITS (NONNEGOTIABLE CD/TD)

COMMERCIAL PAPER

CORPORATE MEDIUM TERM NOTES
Max % (MV)

17

STATEMENT OF COMPLIANCE
Western Municipal Water District | Account #250 | As of June 30, 2026
Rules Name

Limit

Actual

Compliance
Status

Max % Issuer (MV)

5.0

1.6

Compliant

Max Maturity (Years)

5

4

Compliant

Min Rating (A- by 1)

0.0

0.0

Compliant

Max % (MV)

20.0

0.0

Compliant

Max Amount Issuer

250,000.0

0.0

Compliant

Max Maturity (Years)

5

0.0

Compliant

Max % (MV)

100.0

9.4

Compliant

Max % Issuer (MV)

25.0

5.2

Compliant

Max Maturity (Years)

10

4

Compliant

75.0

0.0

Compliant

Max % (MV)

20.0

0.1

Compliant

Min Rating (AAA by 2)

0.0

0.0

Compliant

Max % (MV)

20.0

0.0

Compliant

Max % Issuer (MV)

5.0

0.0

Compliant

Max Maturity (Years)

5.0

0.0

Compliant

Min Rating (AA- by 1)

0.0

0.0

Compliant

Max % (MV)

30.0

2.2

Compliant

Max % Issuer (MV)

5.0

2.2

Compliant

Max Maturity (Years)

10

6

Compliant

Min Rating (A- by 1)

0.0

0.0

Compliant

Max % (MV)

30.0

3.2

Compliant

Max % Issuer (MV)

5.0

1.2

Compliant

Notes

FDIC INSURED TIME DEPOSITS (NON-NEGOTIABLE
CD/TD)

FEDERAL AGENCIES

LOCAL AGENCY INVESTMENT FUND (LAIF)
Max Concentration (MV)
MONEY MARKET MUTUAL FUNDS

MORTGAGE-BACKED SECURITIES (NON-AGENCY)

MUNICIPAL SECURITIES (CA, LOCAL AGENCY)

MUNICIPAL SECURITIES (CA, OTHER STATES)

18

STATEMENT OF COMPLIANCE
Western Municipal Water District | Account #250 | As of June 30, 2026
Rules Name

Limit

Actual

Compliance
Status

Max Maturity (Years)

10

7

Compliant

Min Rating (A- by 1)

0.0

0.0

Compliant

Max % (MV)

10.0

0.0

Compliant

Max % Issuer (MV)

10.0

0.0

Compliant

Min Rating (AAA by 2)

0.0

0.0

Compliant

Max % (MV)

30.0

0.0

Compliant

Max % Issuer (MV)

5.0

0.0

Compliant

Max Maturity (Years)

5

0.0

Compliant

Min Rating (A-1 by 1 or A- by 1 if > FDIC Limit)

0.0

0.0

Compliant

Max % Issuer (MV)

5.0

0.0

Compliant

Max Maturity (Days)

90.0

0.0

Compliant

Max % (MV)

30.0

0.0

Compliant

Max % Issuer (MV)

10.0

0.0

Compliant

Max Maturity (Years)

5

0.0

Compliant

Min Rating (AA- by 1)

0.0

0.0

Compliant

Max % (MV)

100.0

34.9

Compliant

Max Maturity (Years)

10

7

Compliant

Notes

MUTUAL FUNDS

NEGOTIABLE CERTIFICATES OF DEPOSIT (NCD)

REPURCHASE AGREEMENTS

SUPRANATIONAL OBLIGATIONS

U.S. TREASURIES

19

PORTFOLIO CHARACTERISTICS
Western Municipal Water District | Account #250 | As of June 30, 2026
Benchmark*

6/30/2026
Portfolio

3/31/2026
Portfolio

Average Maturity (yrs)

3.83

4.15

4.01

Average Modified Duration

3.42

3.55

3.46

3.69%

3.51%

Average Purchase Yield
Average Market Yield

4.20%

4.39%

4.12%

Average Quality**

AA+

AA

AA+

287,252,017

286,310,582

Total Market Value

*Benchmark: ICE BofA 1-10 Year Unsubordinated US Treasury & Agency Index
**The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch.

20

HISTORICAL AVERAGE PURCHASE YIELD
Western Municipal Water District | Account #250 | As of June 30, 2026
Purchase Yield as of 06/30/26 = 3.69%

21

SECTOR DISTRIBUTION
Western Municipal Water District | Account #250 | As of June 30, 2026

Sector as a Percentage of Market Value
Sector

06/30/2026

03/31/2026

US Treasury

34.86%

37.75%

Corporate

27.79%

26.49%

Agency CMBS

16.71%

16.85%

Agency

9.38%

10.13%

ABS

5.74%

2.80%

Muni Bonds

5.42%

4.28%

Money Mkt Fd

0.10%

1.14%

--

0.56%

Supras

22

ISSUERS
Western Municipal Water District | Account #250 | As of June 30, 2026
Issuer

Investment Type

United States

US Treasury

% Portfolio
34.86%

Federal Home Loan Mortgage Corp

Agency CMBS

16.71%

Federal Home Loan Banks

Agency

5.23%

Federal National Mortgage Assoc

Agency

2.38%

State of California

Muni Bonds

2.19%

The Home Depot, Inc.

Corporate

1.57%

Duke Energy Corporation

Corporate

1.34%

State of Washington

Muni Bonds

1.19%

Guardian Life Global Funding

Corporate

1.15%

Metropolitan Life Global Funding I

Corporate

1.05%

Caterpillar Inc.

Corporate

1.05%

Bank of America Corporation

Corporate

1.00%

Northwestern Mutual Global Funding

Corporate

1.00%

New York Life Insurance Company

Corporate

0.99%

Simon Property Group, Inc.

Corporate

0.96%

Toyota Motor Corporation

Corporate

0.95%

Farm Credit System

Agency

0.90%

Morgan Stanley

Corporate

0.89%

Deere & Company

Corporate

0.88%

Commonwealth of Massachusetts

Muni Bonds

0.88%

Enterprise Products Partners L.P.

Corporate

0.87%

State of Tennessee

Agency

0.87%

WF Card Issuance Trust

ABS

0.87%

PACCAR Inc

Corporate

0.87%

Mastercard Incorporated

Corporate

0.85%

PepsiCo, Inc.

Corporate

0.84%

The Progressive Corporation

Corporate

0.84%

Chubb Limited

Corporate

0.81%

Pacific Life Global Funding II

Corporate

0.78%

Chase Issuance Trust

ABS

0.77%

23

ISSUERS
Western Municipal Water District | Account #250 | As of June 30, 2026
Issuer

Investment Type

The Goldman Sachs Group, Inc.

Corporate

0.76%

Honda Auto Receivables Owner Trust

ABS

0.74%

American Express Credit Master Trust

ABS

0.73%

Pfizer Inc.

Corporate

0.72%

Berkshire Hathaway Inc.

Corporate

0.72%

Florida Power & Light

Corporate

0.71%

Nat Rural Util Coop Fin Corp

Corporate

0.71%

Marsh & McLennan Companies, Inc.

Corporate

0.70%

JPMorgan Chase & Co.

Corporate

0.70%

Visa Inc.

Corporate

0.64%

Eli Lilly and Company

Corporate

0.63%

State of Georgia

Muni Bonds

0.61%

Hyundai Motor Company

ABS

0.56%

Texas Public Finance Authority

Muni Bonds

0.54%

Hyundai Motor Company

Corporate

0.54%

Cargill, Incorporated

Corporate

0.52%

Massachusetts Mutual Life Insurance

Corporate

0.51%

Prudential Financial, Inc.

Corporate

0.49%

Bank of America Credit Card Trust

ABS

0.46%

Met Tower Global Funding

Corporate

0.42%

John Deere Owner Trust

ABS

0.36%

Prologis, Inc.

Corporate

0.35%

Hyundai Auto Receivables Trust

ABS

0.34%

GM Financial Auto Leasing Trust

ABS

0.33%

Hyundai Auto Lease Sec Trust

ABS

0.30%

Mercedes-Benz Auto Lease Trust

ABS

0.28%

First American Govt Oblig Fund

Money Mkt Fd

0.10%

Cash

Cash

0.00%

TOTAL

% Portfolio

100.00%

24

QUALITY DISTRIBUTION
Western Municipal Water District | Account #250 | As of June 30, 2026
S&P Rating

Moody’s Rating

06/30/2026

03/31/2026

AAA

7.28%

6.74%

AA

71.73%

A

Fitch Rating

06/30/2026

03/31/2026

Aaa

9.12%

8.11%

74.64%

Aa

70.57%

18.01%

15.86%

A

BBB

0.76%

1.30%

NA

NA

2.22%

1.46%

Rating

Rating

06/30/2026

03/31/2026

AAA

16.34%

15.27%

73.79%

AA

61.70%

64.63%

17.29%

16.52%

A

11.33%

10.13%

3.02%

1.58%

NA

10.63%

9.97%

Rating

25

DURATION DISTRIBUTION
Western Municipal Water District | Account #250 | As of June 30, 2026
Portfolio Compared to the Benchmark

0-.25

.25-.5

.5-1

1-2

2-3

3-4

4-5

5-7

7+

Portfolio

1.2%

0.9%

6.2%

8.8%

19.4%

21.5%

18.6%

23.4%

0.0%

ICE BofA 1-10 Year Unsubordinated US Treasury
& Agency Index

0.0%

0.0%

1.8%

26.0%

20.4%

14.8%

13.5%

18.5%

5.0%

26

INVESTMENT PERFORMANCE
Western Municipal Water District | Account #250 | As of June 30, 2026
Total and Realized Rate of Return : Inception | 09/01/2001
6.00%

5.00%

4.00%

3.00%

2.00%

1.00%

0.00%
3 months

12 months

2 years
WMWD

3 years

Benchmark

5 years

10 years

Since Inception

WMWD Realized Return

3 Months

12 Months

2 Years

3 Years

5 Years

10 Years

Since Inception

0.33%

3.13%

4.91%

4.68%

1.36%

1.82%

3.32%

0.19%

2.69%

4.45%

4.11%

0.94%

1.44%

2.87%

0.93%

3.55%

3.15%

TOTAL RATE OF RETURN
WMWD

Benchmark
REALIZED RATE OF RETURN
WMWD

*Periods over 1 year are annualized.
Benchmark: ICE BofA 1-10 Year Unsubordinated US Treasury & Agency Index
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
and unrealized gains and losses in the portfolio. Realized rate of return: A measure of a portfolio’s return over time. It is the internal rate which equates the beginning book value of the portfolio with the ending book value;
it includes interest earnings, realized gains and losses in the portfolio.

27

PORTFOLIO CHARACTERISTICS
Western Municipal Water District Liquidity | Account #252 | As of June 30, 2026
6/30/2026
Portfolio

3/31/2026
Portfolio

Average Maturity (yrs)

0.00

0.00

Average Modified Duration

0.00

0.00

Average Purchase Yield

3.78%

3.80%

Average Market Yield

3.78%

3.80%

Average Quality**

AAA

AAA

Total Market Value

33,428,256

35,326,119

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

28

SECTOR DISTRIBUTION
Western Municipal Water District Liquidity | Account #252 | As of June 30, 2026

Sector as a Percentage of Market Value
Sector

06/30/2026

03/31/2026

LGIP

83.50%

84.53%

LAIF

16.35%

15.32%

Cash

0.16%

0.15%

29

CONSOLIDATED INFORMATION

30

PORTFOLIO CHARACTERISTICS
Western Municipal Water District Cons | Account #253 | As of June 30, 2026
6/30/2026
Portfolio

3/31/2026
Portfolio

Average Maturity (yrs)

3.71

3.56

Average Modified Duration

3.18

3.08

Average Purchase Yield

3.70%

3.55%

Average Market Yield

4.32%

4.09%

Average Quality**

AA+

AA+

Total Market Value

320,680,272

321,636,700

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

31

SECTOR DISTRIBUTION
Western Municipal Water District Cons | Account #253 | As of June 30, 2026

Sector as a Percentage of Market Value
Sector

06/30/2026

03/31/2026

US Treasury

31.20%

33.58%

Corporate

24.87%

23.56%

Agency CMBS

14.95%

14.99%

LGIP

8.77%

9.34%

Agency

8.40%

9.01%

ABS

5.14%

2.49%

Muni Bonds

4.85%

3.81%

LAIF

1.72%

1.69%

Money Mkt Fd

0.09%

1.02%

--

0.50%

Supras

32

PORTFOLIO HOLDINGS

33

HOLDINGS REPORT
Western Municipal Water District | Account #250 | As of June 30, 2026

Security Description

Par Value/
Units

Purchase
Date
Purchase
Yield

Cost Value
Book Value

Mkt
Price
Mkt
YTM

Market Value
Accrued Int.

% of Port.
Gain/Loss

Moody's/
S&P/
Fitch

Maturity
Duration

47800CAC0

JDOT 2023 A3 5.01 11/15/2027

137,160.86

02/27/2023
5.05%

136,925.11
136,925.11

100.16
4.26%

137,385.25
305.41

0.05%
460.14

Aaa/NA
AAA

1.38
0.19

47800RAD5

JDOT 2024 A3 4.96 11/15/2028

894,593.83

03/26/2024
4.96%

894,628.77
894,628.77

100.37
4.44%

897,927.98
1,972.08

0.32%
3,299.21

Aaa/NA
AAA

2.38
0.65

448970AD5

HALST 2026-A A3 3.97
12/15/2028

875,000.00

01/12/2026
3.98%

874,871.73
874,871.73

99.32
4.46%

869,092.88
1,543.89

0.30%
(5,778.86)

NA/AAA
AAA

2.46
1.49

448973AD9

HART 2024-A A3 4.99 02/15/2029

961,196.18

03/26/2024
4.98%

961,571.65
961,571.65

100.34
4.37%

964,493.08
2,131.72

0.34%
2,921.43

NA/AAA
AAA

2.63
0.51

36275AAD1

GMALT 2026-2 A3 4.3 03/20/2029

930,000.00

05/05/2026
4.30%

929,899.37
929,899.37

99.86
4.43%

928,657.08
999.75

0.33%
(1,242.29)

NA/AAA
AAA

2.72
1.57

02582JKH2

AMXCA 2024-1 A 5.23 04/16/2029

2,055,000.00

04/16/2024
5.23%

2,054,578.73
2,054,578.73

100.82
4.20%

2,071,908.54
4,776.73

0.73%
17,329.81

NA/AAA
AAA

2.79
0.76

05522RDJ4

BACCT 2024-1 A 4.93 05/15/2029

1,315,000.00

06/06/2024
4.93%

1,314,926.23
1,314,926.23

100.65
4.21%

1,323,488.33
2,881.31

0.46%
8,562.10

Aaa/AAA
NA

2.87
0.84

58770YAD3

MBALT 2026-A A3 3.93
01/15/2030

790,000.00

01/13/2026
3.94%

789,843.34
789,843.34

99.21
4.40%

783,785.07
1,379.87

0.28%
(6,058.27)

Aaa/NA
AAA

3.54
1.78

43814YAD3

HAROT 2026-2 A3 4.3 11/15/2030

2,110,000.00

05/05/2026
4.30%

2,109,939.02
2,109,939.02

99.74
4.46%

2,104,604.73
4,032.44

0.74%
(5,334.29)

Aaa/AAA
NA

4.38
2.14

44935KAD5

HART 26B A3 4.81 02/18/2031

1,605,000.00

06/09/2026
4.81%

1,604,806.28
1,604,806.28

100.24
4.44%

1,608,858.42
3,002.24

0.56%
4,052.14

NA/AAA
AAA

4.64
2.20

92970QAK1

WFCIT 2026-1 A 4.08 04/16/2029

2,500,000.00

05/28/2026
4.31%

2,484,667.97
2,484,667.97

99.25
4.41%

2,481,150.00
4,533.33

0.87%
(3,517.97)

Aaa/NA
AAA

2.79
2.58

161571JA3

CHAIT 2026-1 A 4.4 05/15/2029

2,195,000.00

05/21/2026
4.41%

2,194,480.66
2,194,480.66

100.06
4.42%

2,196,422.36
8,853.17

0.77%
1,941.70

NA/AAA
AAA

2.87
2.63

16,367,950.86

4.58%

16,351,138.86
16,351,138.86

100.00
4.38%

16,367,773.71
36,411.95

5.74%
16,634.85

Cusip
ABS

Total ABS

3.17
1.72

AGENCY
3130A9YY1

FEDERAL HOME LOAN BANKS
2.125 12/11/2026

2,500,000.00

02/06/2020
1.74%

2,562,475.00
2,562,475.00

99.16
4.05%

2,478,912.50
2,951.39

0.87%
(83,562.50)

Aa1/AA+
AA+

0.45
0.44

880591EU2

TENNESSEE VALLEY AUTHORITY
2.875 02/01/2027

2,500,000.00

07/30/2019
2.26%

2,604,650.00
2,604,650.00

99.34
4.03%

2,483,432.50
29,947.92

0.87%
(121,217.50)

Aa1/AA+
AA+

0.59
0.56

34

HOLDINGS REPORT
Western Municipal Water District | Account #250 | As of June 30, 2026
Par Value/
Units

Purchase
Date
Purchase
Yield

Cost Value
Book Value

Mkt
Price
Mkt
YTM

Market Value
Accrued Int.

% of Port.
Gain/Loss

Moody's/
S&P/
Fitch

Maturity
Duration

Cusip

Security Description

3130A3VD3

FEDERAL HOME LOAN BANKS
2.625 06/11/2027

1,485,000.00

08/15/2017
2.58%

1,491,118.20
1,491,118.20

98.69
4.05%

1,465,509.38
2,165.63

0.51%
(25,608.83)

Aa1/AA+
AA+

0.95
0.92

3130ACKB9

FEDERAL HOME LOAN BANKS
2.625 09/10/2027

2,275,000.00

11/20/2017
2.68%

2,263,670.50
2,263,670.50

98.22
4.17%

2,234,429.93
18,413.28

0.78%
(29,240.58)

Aa1/AA+
AA+

1.20
1.15

3135G05Y5

FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.75 10/08/2027

3,670,000.00

-0.74%

3,671,721.90
3,671,721.90

95.86
4.13%

3,518,109.71
6,346.04

1.23%
(153,612.19)

Aa1/AA+
AA+

1.27
1.24

3130AEB25

FEDERAL HOME LOAN BANKS 3.25
06/09/2028

2,500,000.00

01/29/2019
3.13%

2,523,925.00
2,523,925.00

98.22
4.21%

2,455,505.00
4,965.28

0.86%
(68,420.00)

Aa1/AA+
AA+

1.94
1.85

3130AG3X1

FEDERAL HOME LOAN BANKS
2.875 03/09/2029

1,855,000.00

-2.67%

1,887,021.80
1,887,021.80

96.69
4.19%

1,793,517.88
16,591.94

0.63%
(93,503.92)

Aa1/AA+
AA+

2.69
2.53

3130AGDY8

FEDERAL HOME LOAN BANKS 2.75
06/08/2029

2,720,000.00

-2.45%

2,791,164.60
2,791,164.60

96.09
4.18%

2,613,560.96
4,778.89

0.92%
(177,603.64)

Aa1/AA+
AA+

2.94
2.78

3130AGUW3

FEDERAL HOME LOAN BANKS
2.125 09/14/2029

2,000,000.00

03/05/2020
1.21%

2,164,080.00
2,164,080.00

93.55
4.30%

1,871,080.00
12,631.94

0.66%
(293,000.00)

Aa1/AA+
AA+

3.21
3.02

3135G05Q2

FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.875 08/05/2030

3,720,000.00

-0.99%

3,680,090.60
3,680,090.60

87.60
4.20%

3,258,805.56
13,200.83

1.14%
(421,285.04)

Aa1/AA+
AA+

4.10
3.93

3133ERDM0

FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.75 05/02/2031

2,500,000.00

07/19/2024
4.38%

2,553,425.00
2,553,425.00

102.67
4.13%

2,566,722.50
19,461.81

0.90%
13,297.50

Aa1/AA+
AA+

4.84
4.27

27,725,000.00

2.17%

28,193,342.60
28,193,342.60

96.62
4.15%

26,739,585.91
131,454.95

9.38%
(1,453,756.69)

Total Agency

2.25
2.11

AGENCY CMBS
3137FBBX3

FHMS K-068 A2 3.244 08/25/2027

2,050,000.00

02/02/2022
1.80%

2,195,582.03
2,195,582.03

98.76
4.25%

2,024,657.90
5,541.83

0.71%
(170,924.13)

Aaa/AA+
AA+

1.15
1.04

3137H1Z33

FHMS K-744 A2 1.712 07/25/2028

1,553,428.75

02/08/2022
2.05%

1,519,501.87
1,519,501.87

94.98
4.42%

1,475,431.09
2,216.23

0.52%
(44,070.77)

Aa1/AA+
AAA

2.07
1.85

3137H5DX2

FHMS K-747 A2 2.05 11/25/2028

2,555,000.00

01/19/2022
1.96%

2,566,939.52
2,566,939.52

94.72
4.43%

2,420,205.87
4,364.79

0.85%
(146,733.66)

Aa1/AA+
AAA

2.41
2.22

3137FREH0

FHMS K-104 A2 2.253 01/25/2030

1,100,000.00

03/29/2023
4.31%

973,757.81
973,757.81

93.05
4.44%

1,023,597.30
2,065.25

0.36%
49,839.49

Aa1/AA+
AAA

3.57
3.22

3137HB2L7

FHMS K-753 A2 4.4 10/25/2030

1,450,000.00

11/27/2023
5.12%

1,390,583.98
1,390,583.98

99.61
4.47%

1,444,388.50
5,316.67

0.51%
53,804.52

Aa1/AA+
AAA

4.32
3.76

35

HOLDINGS REPORT
Western Municipal Water District | Account #250 | As of June 30, 2026
Par Value/
Units

Purchase
Date
Purchase
Yield

Cost Value
Book Value

Mkt
Price
Mkt
YTM

Market Value
Accrued Int.

% of Port.
Gain/Loss

Moody's/
S&P/
Fitch

Maturity
Duration

Cusip

Security Description

3137HBC51

FHMS K-754 A2 4.94 11/25/2030

2,000,000.00

12/07/2023
4.77%

2,025,000.00
2,025,000.00

101.65
4.48%

2,032,956.00
8,233.33

0.71%
7,956.00

Aa1/AA+
AAA

4.41
3.84

3137FJY60

FHMS K-1508 A2 3.9 12/25/2030

2,000,000.00

01/04/2023
4.16%

1,959,375.00
1,959,375.00

97.64
4.48%

1,952,798.00
6,500.00

0.69%
(6,577.00)

Aa1/AA+
AA+

4.49
3.86

3137HDVA5

FHMS K756 4.963 05/25/2031

3,115,000.00

07/24/2024
4.57%

3,177,159.83
3,177,159.83

101.88
4.49%

3,173,499.70
12,883.12

1.11%
(3,660.13)

Aa1/AA+
AAA

4.90
4.17

3137HH5X5

FHMS K757 A2 4.456 08/25/2031

3,725,000.00

10/02/2024
4.07%

3,799,391.98
3,799,391.98

99.72
4.50%

3,714,406.10
13,832.17

1.30%
(84,985.88)

Aaa/AA+
AA+

5.15
4.42

3137HHJF9

FHMS K-758 A2 4.68 10/25/2031

3,000,000.00

12/30/2024
4.78%

2,973,750.00
2,973,750.00

100.69
4.51%

3,020,727.00
11,700.00

1.06%
46,977.00

Aa1/AA+
AA+

5.32
4.55

3137H6LN3

FHMS K-139 A2 2.59 01/25/2032

2,045,000.00

03/01/2022
2.33%

2,087,773.22
2,087,773.22

90.64
4.52%

1,853,677.98
4,413.79

0.65%
(234,095.24)

Aaa/AA+
AA+

5.57
5.00

3137HJZS9

FHMS K-759 A2 4.8 01/25/2032

2,625,000.00

02/11/2025
4.76%

2,622,196.50
2,622,196.50

101.24
4.52%

2,657,563.13
10,500.00

0.93%
35,366.63

Aa1/AA+
AAA

5.57
4.70

3137H8BK6

FHMS K-147 A2 3.0 06/25/2032

4,100,000.00

-3.48%

3,817,156.25
3,817,156.25

92.00
4.55%

3,772,098.40
10,250.00

1.32%
(45,057.85)

Aa1/AA+
AAA

5.99
5.30

3137HN4L9

FHMS K-761 A2 4.4 06/25/2032

2,750,000.00

09/04/2025
4.23%

2,769,549.75
2,769,549.75

99.19
4.54%

2,727,683.75
10,083.33

0.96%
(41,866.00)

Aa1/AA+
AAA

5.99
5.09

3137H8U90

FHMS K-148 A2 3.5 07/25/2032

4,050,000.00

-4.14%

3,856,083.97
3,856,083.97

94.47
4.55%

3,826,217.25
11,812.50

1.34%
(29,866.72)

Aaa/AA+
AA+

6.07
5.30

3137HNTK4

FHMS K-762 A2 4.36 09/25/2032

2,800,000.00

11/05/2025
4.25%

2,809,483.60
2,809,483.60

98.90
4.56%

2,769,096.40
10,173.33

0.97%
(40,387.20)

Aa1/AAA
AA+

6.24
5.26

3137HPET6

FHMS K-763 A2 4.17 10/25/2032

2,450,000.00

12/08/2025
4.20%

2,429,341.60
2,429,341.60

97.78
4.57%

2,395,666.35
8,513.75

0.84%
(33,675.25)

Aa1/AAA
AA+

6.32
5.37

3137H9M89

FHMS K-152 A2 3.78 11/25/2032

2,000,000.00

01/17/2023
4.01%

1,957,812.50
1,957,812.50

95.75
4.56%

1,914,938.00
6,300.00

0.67%
(42,874.50)

Aa1/AA+
AAA

6.41
5.42

3137HRKH1

FHMS K-765 A2 4.17 02/25/2033

3,500,000.00

05/21/2026
4.65%

3,394,042.97
3,394,042.97

97.57
4.60%

3,414,971.00
12,162.50

1.20%
20,928.03

Aa1/AA+
AAA

6.66
5.61

48,868,428.75

3.95%

48,324,482.38
48,324,482.38

97.54
4.51%

47,614,579.71
156,862.60

16.71%
(709,902.67)

Total Agency CMBS

5.13
4.42

CASH

36

HOLDINGS REPORT
Western Municipal Water District | Account #250 | As of June 30, 2026

Cusip

Security Description

CCYUSD

Receivable

Total Cash

Par Value/
Units
4,505.61

Purchase
Date
Purchase
Yield
--

4,505.61

Cost Value
Book Value

Mkt
Price
Mkt
YTM

Market Value
Accrued Int.

% of Port.
Gain/Loss

Moody's/
S&P/
Fitch

Maturity
Duration

Aaa/AAA
AAA

0.00
0.00

4,505.61
4,505.61

1.00

4,505.61
0.00

0.00%
0.00

4,505.61
4,505.61

1.00

4,505.61
0.00

0.00%
0.00

0.00
0.00

CORPORATE

58989V2D5

MET TOWER GLOBAL FUNDING
1.25 09/14/2026

1,195,000.00

09/07/2021
1.27%

1,193,900.60
1,193,900.60

99.42
4.10%

1,188,108.44
4,439.76

0.42%
(5,792.17)

Aa3/AAAA-

0.21
0.20

59217GER6

METROPOLITAN LIFE GLOBAL
FUNDING I 1.875 01/11/2027

1,730,000.00

01/03/2022
1.90%

1,728,027.80
1,728,027.80

98.79
4.22%

1,709,023.75
15,317.71

0.60%
(19,004.05)

Aa3/AAAA-

0.53
0.51

26444HAC5

DUKE ENERGY FLORIDA LLC 3.2
01/15/2027

2,000,000.00

03/08/2022
2.52%

2,059,040.00
2,059,040.00

99.49
4.17%

1,989,746.00
29,511.11

0.70%
(69,294.00)

A1/A
NA

0.54
0.52

084664CZ2

BERKSHIRE HATHAWAY FINANCE
CORP 2.3 03/15/2027

2,065,000.00

03/07/2022
2.30%

2,064,607.65
2,064,607.65

98.68
4.21%

2,037,756.46
13,984.64

0.72%
(26,851.20)

Aa2/AA
A+

0.71
0.69

66815L2Q1

NORTHWESTERN MUTUAL
GLOBAL FUNDING 4.71
01/10/2029

1,000,000.00

-4.67%

1,001,825.24
1,001,825.24

100.45
4.52%

1,004,541.00
22,372.50

0.35%
2,715.76

Aa1/AA+
AAA

2.53
2.31

24422EXH7

JOHN DEERE CAPITAL CORP 4.5
01/16/2029

1,000,000.00

01/10/2024
4.53%

998,650.00
998,650.00

100.26
4.39%

1,002,578.00
20,625.00

0.35%
3,928.00

A1/A
A+

2.55
2.33

57629W5B2

MASSMUTUAL GLOBAL FUNDING
II 4.85 01/17/2029

1,450,000.00

01/09/2024
4.85%

1,449,811.50
1,449,811.50

100.63
4.59%

1,459,071.20
32,036.94

0.51%
9,259.70

Aa3/AA+
AA+

2.55
2.32

532457CK2

ELI LILLY AND CO 4.5 02/09/2029

1,775,000.00

02/07/2024
4.51%

1,773,828.50
1,773,828.50

100.53
4.28%

1,784,345.38
31,506.25

0.63%
10,516.88

Aa3/AANA

2.61
2.32

64952WFG3

NEW YORK LIFE GLOBAL FUNDING
5.0 06/06/2029

1,325,000.00

06/03/2024
5.04%

1,322,456.00
1,322,456.00

101.27
4.53%

1,341,834.13
4,600.69

0.47%
19,378.13

Aa1/AA+
AAA

2.93
2.69

24422EXT1

JOHN DEERE CAPITAL CORP 4.85
06/11/2029

1,500,000.00

06/07/2024
5.04%

1,487,670.00
1,487,670.00

101.25
4.39%

1,518,784.50
4,041.67

0.53%
31,114.50

A1/A
A+

2.95
2.71

341081GT8

FLORIDA POWER & LIGHT CO 5.15
06/15/2029

2,000,000.00

06/13/2024
4.82%

2,027,729.45
2,027,729.45

101.87
4.47%

2,037,488.00
4,577.78

0.71%
9,758.55

Aa2/A+
AA-

2.96
2.57

44891AEN3

HYUNDAI CAPITAL AMERICA 4.75
06/18/2029

1,550,000.00

06/15/2026
4.79%

1,548,486.75
1,548,486.75

99.66
4.87%

1,544,700.55
2,658.68

0.54%
(3,786.20)

A3/AA-

2.97
2.73

437076DC3

HOME DEPOT INC 4.75
06/25/2029

2,000,000.00

06/20/2024
4.84%

1,991,920.00
1,991,920.00

100.99
4.39%

2,019,794.00
1,583.33

0.71%
27,874.00

A2/A
A

2.99
2.68

37

HOLDINGS REPORT
Western Municipal Water District | Account #250 | As of June 30, 2026
Par Value/
Units

Purchase
Date
Purchase
Yield

Cost Value
Book Value

Mkt
Price
Mkt
YTM

Market Value
Accrued Int.

% of Port.
Gain/Loss

Moody's/
S&P/
Fitch

Maturity
Duration

Cusip

Security Description

713448FX1

PEPSICO INC 4.5 07/17/2029

2,380,000.00

07/15/2024
4.53%

2,376,311.00
2,376,311.00

100.31
4.39%

2,387,363.72
48,790.00

0.84%
11,052.72

A1/A+
NA

3.05
2.69

171239AL0

CHUBB INA HOLDINGS LLC 4.65
08/15/2029

2,300,000.00

08/15/2024
4.50%

2,315,433.00
2,315,433.00

100.49
4.48%

2,311,325.20
40,403.33

0.81%
(4,107.80)

A2/A
A

3.13
2.76

40139LBJ1

GUARDIAN LIFE GLOBAL FUNDING
4.179 09/26/2029

1,930,000.00

09/23/2024
4.18%

1,930,000.00
1,930,000.00

98.69
4.62%

1,904,734.37
21,283.88

0.67%
(25,265.63)

Aa1/AA+
NA

3.24
2.96

69371RT48

PACCAR FINANCIAL CORP 4.0
09/26/2029

2,500,000.00

09/26/2024
4.04%

2,495,625.00
2,495,625.00

98.97
4.34%

2,474,172.50
26,388.89

0.87%
(21,452.50)

A1/A+
NA

3.24
2.97

38141GD27

GOLDMAN SACHS GROUP INC
4.153 10/21/2029

2,200,000.00

10/15/2025
4.14%

2,200,792.00
2,200,792.00

98.59
4.72%

2,168,980.00
17,765.61

0.76%
(31,812.00)

A2/BBB+
A

3.31
2.15

59217GFT1

METROPOLITAN LIFE GLOBAL
FUNDING I 4.9 01/09/2030

1,275,000.00

01/02/2025
4.95%

1,272,373.50
1,272,373.50

100.57
4.72%

1,282,312.13
29,849.17

0.45%
9,938.63

Aa3/AAAA-

3.53
3.13

61747YFK6

MORGAN STANLEY 5.173
01/16/2030

2,500,000.00

01/13/2025
5.39%

2,480,625.00
2,480,625.00

100.90
4.87%

2,522,532.50
59,273.96

0.89%
41,907.50

A1/AA+

3.55
2.30

63743HFX5

NATIONAL RURAL UTILITIES
COOPERATIVE FINANCE CORP 4.95
02/07/2030

2,000,000.00

02/05/2025
4.88%

2,005,746.39
2,005,746.39

101.05
4.63%

2,021,076.00
39,600.00

0.71%
15,329.61

A2/NA
A

3.61
3.14

06051GHQ5

BANK OF AMERICA CORP 3.974
02/07/2030

2,900,000.00

02/14/2025
4.97%

2,796,963.00
2,796,963.00

98.12
4.88%

2,845,393.00
46,098.40

1.00%
48,430.00

A1/AAA-

3.61
2.40

571748CA8

MARSH & MCLENNAN
COMPANIES INC 4.65 03/15/2030

2,000,000.00

03/11/2025
4.69%

1,996,200.00
1,996,200.00

99.90
4.68%

1,997,978.00
27,383.33

0.70%
1,778.00

A3/AA-

3.71
3.32

743315AW3

PROGRESSIVE CORP 3.2
03/26/2030

2,500,000.00

11/14/2025
4.16%

2,405,125.00
2,405,125.00

95.34
4.57%

2,383,465.00
21,111.11

0.84%
(21,660.00)

A2/A
A

3.74
3.44

74153WCW7

PRICOA GLOBAL FUNDING I 4.7
05/28/2030

1,400,000.00

08/20/2025
4.38%

1,419,194.00
1,419,194.00

99.86
4.74%

1,398,028.80
6,031.67

0.49%
(21,165.20)

Aa3/AAAA-

3.91
3.52

437076DJ8

HOME DEPOT INC 3.95
09/15/2030

2,500,000.00

09/09/2025
4.02%

2,492,250.00
2,492,250.00

98.00
4.48%

2,449,875.00
29,076.39

0.86%
(42,375.00)

A2/A
A

4.21
3.78

828807DZ7

SIMON PROPERTY GROUP LP
4.375 10/01/2030

2,750,000.00

10/07/2025
4.28%

2,761,763.64
2,761,763.64

99.03
4.63%

2,723,349.75
30,078.13

0.96%
(38,413.89)

A3/A
NA

4.25
3.79

40139LBN2

GUARDIAN LIFE GLOBAL FUNDING
4.327 10/06/2030

1,400,000.00

09/30/2025
4.33%

1,400,000.00
1,400,000.00

98.37
4.75%

1,377,122.60
14,303.14

0.48%
(22,877.40)

Aa1/AA+
NA

4.27
3.81

141781CF9

CARGILL INC 4.125 10/23/2030

1,500,000.00

10/21/2025
4.11%

1,500,870.00
1,500,870.00

97.93
4.66%

1,468,980.00
11,687.50

0.52%
(31,890.00)

A2/A
NA

4.31
3.87

38

HOLDINGS REPORT
Western Municipal Water District | Account #250 | As of June 30, 2026
Par Value/
Units

Purchase
Date
Purchase
Yield

Cost Value
Book Value

Mkt
Price
Mkt
YTM

Market Value
Accrued Int.

% of Port.
Gain/Loss

Moody's/
S&P/
Fitch

Maturity
Duration

Cusip

Security Description

717081FD0

PFIZER INC 4.2 11/15/2030

2,075,000.00

11/18/2025
4.22%

2,073,360.75
2,073,360.75

98.71
4.53%

2,048,294.75
11,135.83

0.72%
(25,066.00)

A2/A
NA

4.38
3.93

64952WFR9

NEW YORK LIFE GLOBAL FUNDING
4.25 01/09/2031

1,505,000.00

01/05/2026
4.29%

1,502,592.00
1,502,592.00

98.37
4.65%

1,480,433.89
30,559.86

0.52%
(22,158.12)

Aa1/AA+
AAA

4.53
3.98

89236TPH2

TOYOTA MOTOR CREDIT CORP 4.2
01/10/2031

1,475,000.00

01/07/2026
4.21%

1,474,542.75
1,474,542.75

98.20
4.64%

1,448,482.45
29,082.08

0.51%
(26,060.30)

A1/A+
A+

4.53
3.99

66815L2Z1

NORTHWESTERN MUTUAL
GLOBAL FUNDING 4.3 01/13/2031

1,870,000.00

01/06/2026
4.30%

1,869,831.70
1,869,831.70

98.44
4.69%

1,840,758.81
37,524.67

0.65%
(29,072.89)

Aa1/AA+
AAA

4.54
3.99

74340XCQ2

PROLOGIS LP 4.75 01/15/2031

1,000,000.00

01/14/2026
4.22%

1,023,250.00
1,023,250.00

100.51
4.62%

1,005,146.00
21,902.78

0.35%
(18,104.00)

A2/A
NA

4.54
3.89

29379VCK7

ENTERPRISE PRODUCTS
OPERATING LLC 4.6 01/15/2031

2,500,000.00

04/17/2026
4.30%

2,531,550.00
2,531,550.00

99.68
4.68%

2,492,017.50
53,027.78

0.87%
(39,532.50)

A3/AA-

4.54
3.97

6944PL3M9

PACIFIC LIFE GLOBAL FUNDING II
4.375 02/03/2031

2,250,000.00

01/29/2026
4.34%

2,253,105.00
2,253,105.00

98.72
4.69%

2,221,101.00
40,468.75

0.78%
(32,004.00)

Aa3/AAAA-

4.60
4.04

92826CAZ5

VISA INC 4.1 02/12/2031

1,850,000.00

02/03/2026
4.13%

1,847,521.00
1,847,521.00

98.91
4.36%

1,829,847.95
29,286.53

0.64%
(17,673.05)

Aa3/AANA

4.62
4.09

46647PBJ4

JPMORGAN CHASE & CO 4.493
03/24/2031

2,000,000.00

05/14/2026
4.56%

1,994,220.00
1,994,220.00

99.12
5.30%

1,982,410.00
24,212.28

0.70%
(11,810.00)

A1/A
AA-

4.73
3.35

26442CBB9

DUKE ENERGY CAROLINAS LLC
2.55 04/15/2031

2,000,000.00

04/21/2026
4.34%

1,841,440.00
1,841,440.00

90.94
4.68%

1,818,730.00
10,766.67

0.64%
(22,710.00)

Aa3/A
NA

4.79
4.39

89236TQB4

TOYOTA MOTOR CREDIT CORP
4.55 05/14/2031

1,275,000.00

05/11/2026
4.60%

1,272,411.75
1,272,411.75

99.17
4.74%

1,264,437.90
7,573.85

0.44%
(7,973.85)

A1/A+
A+

4.87
4.29

14913V2D9

CATERPILLAR FINANCIAL SERVICES
CORP 4.5 05/15/2031

3,000,000.00

-4.55%

2,993,979.00
2,993,979.00

99.53
4.61%

2,985,807.00
17,250.00

1.05%
(8,172.00)

A1/A
A+

4.87
4.30

57636QBL7

MASTERCARD INC 4.6 06/08/2031

2,430,000.00

06/04/2026
4.62%

2,428,056.00
2,428,056.00

99.85
4.63%

2,426,265.09
7,141.50

0.85%
(1,790.91)

Aa3/A+
NA

4.94
4.36

79,855,000.00

4.29%

79,603,084.97
79,603,084.97

99.21
4.58%

79,198,192.29
976,313.14

27.79%
(404,892.68)

274,215.27

-3.27%

274,215.27
274,215.27

1.00
3.27%

274,215.27
0.00

0.10%
0.00

Total Corporate

3.55
3.07

MONEY MARKET
FUND
31846V203

FIRST AMER:GVT OBLG Y

Aaa/AAAm
AAA

0.00
0.00

39

HOLDINGS REPORT
Western Municipal Water District | Account #250 | As of June 30, 2026

Cusip

Security Description

Total Money Market
Fund

Par Value/
Units

Purchase
Date
Purchase
Yield

Cost Value
Book Value

Mkt
Price
Mkt
YTM

Market Value
Accrued Int.

% of Port.
Gain/Loss

274,215.27

3.27%

274,215.27
274,215.27

1.00
3.27%

274,215.27
0.00

0.10%
0.00

Moody's/
S&P/
Fitch

Maturity
Duration
0.00
0.00

MUNICIPAL BONDS
8827237U7

TEXAS ST 3.621 10/01/2030

1,590,000.00

05/22/2024
4.71%

1,495,713.00
1,495,713.00

97.59
4.25%

1,551,738.24
14,393.48

0.54%
56,025.24

Aaa/AAA
NA

4.25
3.86

13063D7E2

CALIFORNIA STATE 5.75
10/01/2031

3,000,000.00

10/04/2023
5.57%

3,034,320.00
3,034,320.00

105.94
4.47%

3,178,059.00
43,125.00

1.12%
143,739.00

Aa2/AAAA

5.25
4.47

373384J80

GEORGIA ST 4.48 02/01/2032

1,750,000.00

05/22/2024
4.74%

1,720,425.00
1,720,425.00

100.03
4.47%

1,750,479.50
32,666.67

0.61%
30,054.50

Aaa/AAA
AAA

5.59
0.08

57582TEC2

MASSACHUSETTS
COMMONWEALTH 4.6
06/01/2032

2,500,000.00

06/10/2025
4.56%

2,505,825.00
2,505,825.00

100.73
4.46%

2,518,257.50
9,583.33

0.88%
12,432.50

Aa1/AA+
AA+

5.92
5.12

13063ESC1

CALIFORNIA ST 4.35 11/01/2032

3,100,000.00

10/31/2025
4.26%

3,116,492.00
3,116,492.00

98.91
4.55%

3,066,132.50
22,475.00

1.08%
(50,359.50)

Aa2/AAAA

6.34
5.44

93974FLH4

WASHINGTON STATE 4.45
08/01/2033

3,400,000.00

06/17/2026
4.45%

3,400,000.00
3,400,000.00

99.38
4.55%

3,378,831.60
2,521.67

1.19%
(21,168.40)

Aaa/AA+
AA+

7.09
5.90

15,340,000.00

4.72%

15,272,775.00
15,272,775.00

100.75
4.48%

15,443,498.34
124,765.14

5.42%
170,723.34

Total Municipal
Bonds

5.92
4.52

US TREASURY
912828ZB9

UNITED STATES TREASURY 1.125
02/28/2027

2,950,000.00

03/24/2020
0.75%

3,025,248.05
3,025,248.05

98.13
4.01%

2,894,687.50
11,092.56

1.02%
(130,560.55)

Aa1/AA+
AA+

0.67
0.65

91282CAH4

UNITED STATES TREASURY 0.5
08/31/2027

1,100,000.00

08/06/2021
0.94%

1,071,554.69
1,071,554.69

95.89
4.15%

1,054,796.60
1,838.32

0.37%
(16,758.09)

Aa1/AA+
AA+

1.17
1.14

9128283F5

UNITED STATES TREASURY 2.25
11/15/2027

2,000,000.00

-1.66%

2,088,027.35
2,088,027.35

97.46
4.17%

1,949,296.00
5,747.28

0.68%
(138,731.35)

Aa1/AA+
AA+

1.38
1.33

91282CBB6

UNITED STATES TREASURY 0.625
12/31/2027

4,100,000.00

01/25/2021
0.72%

4,073,253.91
4,073,253.91

94.91
4.17%

3,891,158.30
69.63

1.37%
(182,095.61)

Aa1/AA+
AA+

1.50
1.46

91282CBJ9

UNITED STATES TREASURY 0.75
01/31/2028

4,200,000.00

03/12/2021
1.28%

4,053,820.31
4,053,820.31

94.80
4.18%

3,981,633.60
13,139.50

1.40%
(72,186.71)

Aa1/AA+
AA+

1.59
1.54

91282CCV1

UNITED STATES TREASURY 1.125
08/31/2028

2,200,000.00

09/03/2021
1.10%

2,203,351.56
2,203,351.56

93.76
4.17%

2,062,671.60
8,272.42

0.72%
(140,679.96)

Aa1/AA+
AA+

2.17
2.09

40

HOLDINGS REPORT
Western Municipal Water District | Account #250 | As of June 30, 2026
Par Value/
Units

Purchase
Date
Purchase
Yield

Cost Value
Book Value

Mkt
Price
Mkt
YTM

Market Value
Accrued Int.

% of Port.
Gain/Loss

Moody's/
S&P/
Fitch

Maturity
Duration

Cusip

Security Description

91282CCY5

UNITED STATES TREASURY 1.25
09/30/2028

2,200,000.00

10/25/2021
1.46%

2,169,148.44
2,169,148.44

93.79
4.17%

2,063,360.20
6,912.57

0.72%
(105,788.24)

Aa1/AA+
AA+

2.25
2.17

91282CDW8

UNITED STATES TREASURY 1.75
01/31/2029

2,200,000.00

02/03/2022
1.78%

2,196,046.88
2,196,046.88

94.11
4.18%

2,070,492.60
16,059.39

0.73%
(125,554.28)

Aa1/AA+
AA+

2.59
2.46

91282CKG5

UNITED STATES TREASURY 4.125
03/31/2029

800,000.00

04/05/2024
4.35%

791,843.75
791,843.75

99.88
4.17%

799,062.40
8,295.08

0.28%
7,218.65

Aa1/AA+
AA+

2.75
2.55

912828YB0

UNITED STATES TREASURY 1.625
08/15/2029

2,100,000.00

05/28/2020
0.66%

2,280,058.59
2,280,058.59

92.67
4.15%

1,946,028.00
12,820.44

0.68%
(334,030.59)

Aa1/AA+
AA+

3.13
2.97

91282CFJ5

UNITED STATES TREASURY 3.125
08/31/2029

850,000.00

09/19/2022
3.62%

824,367.19
824,367.19

96.91
4.17%

823,769.85
8,878.23

0.29%
(597.34)

Aa1/AA+
AA+

3.17
2.94

91282CFT3

UNITED STATES TREASURY 4.0
10/31/2029

3,000,000.00

12/31/2022
4.02%

2,997,187.50
2,997,187.50

99.45
4.18%

2,983,476.00
20,217.39

1.05%
(13,711.50)

Aa1/AA+
AA+

3.34
3.07

91282CGJ4

UNITED STATES TREASURY 3.5
01/31/2030

3,500,000.00

02/03/2023
3.56%

3,487,011.72
3,487,011.72

97.75
4.18%

3,421,386.50
51,098.07

1.20%
(65,625.22)

Aa1/AA+
AA+

3.59
3.28

912828Z94

UNITED STATES TREASURY 1.5
02/15/2030

2,200,000.00

02/04/2022
1.85%

2,142,765.63
2,142,765.63

91.10
4.17%

2,004,235.20
12,397.79

0.70%
(138,530.43)

Aa1/AA+
AA+

3.63
3.44

91282CGZ8

UNITED STATES TREASURY 3.5
04/30/2030

1,900,000.00

05/11/2023
3.37%

1,915,734.38
1,915,734.38

97.58
4.19%

1,853,983.90
11,203.80

0.65%
(61,750.48)

Aa1/AA+
AA+

3.83
3.52

912828ZQ6

UNITED STATES TREASURY 0.625
05/15/2030

3,700,000.00

-0.89%

3,612,863.28
3,612,863.28

87.37
4.19%

3,232,730.70
2,953.46

1.13%
(380,132.58)

Aa1/AA+
AA+

3.87
3.75

91282CHR5

UNITED STATES TREASURY 4.0
07/31/2030

5,050,000.00

-4.20%

4,989,179.69
4,989,179.69

99.27
4.19%

5,013,306.70
84,259.67

1.76%
24,127.01

Aa1/AA+
AA+

4.08
3.67

91282CAV3

UNITED STATES TREASURY 0.875
11/15/2030

4,300,000.00

-1.24%

4,157,757.81
4,157,757.81

86.84
4.20%

3,733,943.70
4,805.37

1.31%
(423,814.11)

Aa1/AA+
AA+

4.38
4.20

91282CJX0

UNITED STATES TREASURY 4.0
01/31/2031

5,000,000.00

-4.18%

4,947,460.94
4,947,460.94

99.13
4.21%

4,956,640.00
83,425.41

1.74%
9,179.06

Aa1/AA+
AA+

4.59
4.08

91282CKC4

UNITED STATES TREASURY 4.25
02/28/2031

3,000,000.00

03/20/2024
4.27%

2,995,664.06
2,995,664.06

100.17
4.21%

3,005,040.00
42,615.49

1.05%
9,375.94

Aa1/AA+
AA+

4.67
4.14

91282CKF7

UNITED STATES TREASURY 4.125
03/31/2031

3,800,000.00

-4.55%

3,703,562.50
3,703,562.50

99.63
4.21%

3,785,750.00
39,401.64

1.33%
82,187.50

Aa1/AA+
AA+

4.75
4.23

91282CKN0

UNITED STATES TREASURY 4.625
04/30/2031

2,750,000.00

05/03/2024
4.49%

2,771,591.80
2,771,591.80

101.79
4.21%

2,799,200.25
21,428.33

0.98%
27,608.45

Aa1/AA+
AA+

4.83
4.27

91282CLZ2

UNITED STATES TREASURY 4.125
11/30/2031

2,000,000.00

12/20/2024
4.44%

1,962,500.00
1,962,500.00

99.46
4.24%

1,989,296.00
6,987.70

0.70%
26,796.00

Aa1/AA+
AA+

5.42
4.79

41

HOLDINGS REPORT
Western Municipal Water District | Account #250 | As of June 30, 2026
Par Value/
Units

Purchase
Date
Purchase
Yield

Cost Value
Book Value

Mkt
Price
Mkt
YTM

Market Value
Accrued Int.

% of Port.
Gain/Loss

Moody's/
S&P/
Fitch

Maturity
Duration

Cusip

Security Description

91282CMT5

UNITED STATES TREASURY 4.125
03/31/2032

2,800,000.00

04/08/2025
4.06%

2,810,171.88
2,810,171.88

99.36
4.25%

2,781,954.00
29,032.79

0.98%
(28,217.88)

Aa1/AA+
AA+

5.75
5.02

91282CNA5

UNITED STATES TREASURY 4.0
04/30/2032

3,000,000.00

05/05/2025
4.15%

2,972,929.69
2,972,929.69

98.68
4.26%

2,960,508.00
20,217.39

1.04%
(12,421.69)

Aa1/AA+
AA+

5.84
5.11

91282CEP2

UNITED STATES TREASURY 2.875
05/15/2032

6,250,000.00

-3.69%

5,928,593.75
5,928,593.75

92.84
4.27%

5,802,487.50
22,949.22

2.04%
(126,106.25)

Aa1/AA+
AA+

5.88
5.29

91282CFV8

UNITED STATES TREASURY 4.125
11/15/2032

3,500,000.00

06/03/2025
4.26%

3,470,605.47
3,470,605.47

99.10
4.29%

3,468,556.00
18,439.20

1.22%
(2,049.47)

Aa1/AA+
AA+

6.38
5.52

91282CGM7

UNITED STATES TREASURY 3.5
02/15/2033

5,800,000.00

-3.97%

5,614,367.19
5,614,367.19

95.41
4.30%

5,533,791.60
76,265.19

1.94%
(80,575.59)

Aa1/AA+
AA+

6.63
5.75

91282CQF1

UNITED STATES TREASURY 4.25
03/31/2033

3,000,000.00

04/08/2026
4.09%

3,029,296.88
3,029,296.88

99.69
4.30%

2,990,625.00
32,049.18

1.05%
(38,671.88)

Aa1/AA+
AA+

6.75
5.75

91282CHC8

UNITED STATES TREASURY 3.375
05/15/2033

3,700,000.00

-4.19%

3,466,441.41
3,466,441.41

94.45
4.32%

3,494,620.40
15,948.71

1.23%
28,178.99

Aa1/AA+
AA+

6.87
6.01

91282CHT1

UNITED STATES TREASURY 3.875
08/15/2033

4,250,000.00

-4.34%

4,091,427.74
4,091,427.74

97.24
4.33%

4,132,793.50
61,871.55

1.45%
41,365.76

Aa1/AA+
AA+

7.13
6.06

91282CJZ5

UNITED STATES TREASURY 4.0
02/15/2034

6,000,000.00

-4.08%

5,966,250.00
5,966,250.00

97.70
4.36%

5,861,718.00
90,165.75

2.06%
(104,532.00)

Aa1/AA+
AA+

7.63
6.39

Total US Treasury

103,200,000.00

3.18%

101,810,084.04
101,810,084.04

96.40
4.23%

99,342,999.60
840,858.52

34.86%
(2,467,084.44)

4.56
4.06

Total Portfolio

291,635,100.49

3.69%

289,833,628.73
289,833,628.73

97.74
4.39%

284,985,350.44
2,266,666.30

100.00%
(4,848,278.28)

4.15
3.55

Total Market Value +
Accrued

287,252,016.74

42

HOLDINGS REPORT
Western Municipal Water District Liquidity | Account #252 | As of June 30, 2026

Cusip

Security Description

Par Value/
Units

Receivable

51,995.91

Purchase
Date
Purchase
Yield

Cost Value
Book Value

Mkt
Price
Mkt
YTM

Market Value
Accrued Int.

% of Port.
Gain/Loss

Moody's/
S&P/
Fitch

Maturity
Duration

Aaa/AAA
AAA

0.00
0.00

CASH
CCYUSD

Total Cash

--

51,995.91

51,995.91
51,995.91

1.00

51,995.91
0.00

0.16%
0.00

51,995.91
51,995.91

1.00

51,995.91
0.00

0.16%
0.00

0.00
0.00

LAIF
90LAIF$00

Local Agency Investment Fund
State Pool

Total LAIF

5,464,620.50

-3.82%

5,464,620.50
5,464,620.50

1.00
3.82%

5,464,620.50
0.00

16.35%
0.00

5,464,620.50

3.82%

5,464,620.50
5,464,620.50

1.00
3.82%

5,464,620.50
0.00

16.35%
0.00

NA/NA
NA

0.00
0.00

0.00
0.00

LOCAL GOV
INVESTMENT POOL
90CAMP$00

CAMP

17,840,576.88

-3.77%

17,840,576.88
17,840,576.88

1.00
3.77%

17,840,576.88
0.00

53.37%
0.00

NA/AAAm
NA

0.00
0.00

90CALFT$0

CalFIT

10,071,062.39

-3.78%

10,071,062.39
10,071,062.39

1.00
3.78%

10,071,062.39
0.00

30.13%
0.00

NA/NA
NA

0.00
0.00

Total Local Gov
Investment Pool

27,911,639.27

3.77%

27,911,639.27
27,911,639.27

1.00
3.77%

27,911,639.27
0.00

83.50%
0.00

0.00
0.00

Total Portfolio

33,428,255.68

3.78%

33,428,255.68
33,428,255.68

1.00
3.78%

33,428,255.68
0.00

100.00%
0.00

0.00
0.00

Total Market Value +
Accrued

33,428,255.68

43

TRANSACTIONS

44

TRANSACTION LEDGER
Western Municipal Water District | Account #250|04/01/2026 Through 06/30/2026|
Transaction
Type

Settlement
CUSIP
Date

Quantity Security Description

Price

Acq/Disp
Yield

Amount

Interest Pur/
Sold

Total Amount

Gain/Loss

ACQUISITIONS
Purchase

04/09/2026 91282CQF1

UNITED STATES
3,000,000.00 TREASURY 4.25
03/31/2033

100.977

4.09%

(3,029,296.88)

(3,135.25)

(3,032,432.13)

0.00

Purchase

04/20/2026 29379VCK7

ENTERPRISE
2,500,000.00 PRODUCTS OPERATING
LLC 4.6 01/15/2031

101.262

4.30%

(2,531,550.00)

(30,347.22)

(2,561,897.22)

0.00

Purchase

04/22/2026 26442CBB9

DUKE ENERGY
2,000,000.00 CAROLINAS LLC 2.55
04/15/2031

92.072

4.34%

(1,841,440.00)

(991.67)

(1,842,431.67)

0.00

Purchase

05/13/2026 43814YAD3

2,110,000.00

HAROT 2026-2 A3 4.3
11/15/2030

99.997

4.30%

(2,109,939.02)

0.00

(2,109,939.02)

0.00

Purchase

05/14/2026 36275AAD1

930,000.00

GMALT 2026-2 A3 4.3
03/20/2029

99.989

4.30%

(929,899.37)

0.00

(929,899.37)

0.00

Purchase

05/14/2026 89236TQB4

99.797

4.60%

(1,272,411.75)

0.00

(1,272,411.75)

0.00

Purchase

05/15/2026 14913V2D9

CATERPILLAR
725,000.00 FINANCIAL SERVICES
CORP 4.5 05/15/2031

99.863

4.53%

(724,006.75)

0.00

(724,006.75)

0.00

Purchase

05/15/2026 14913V2D9

CATERPILLAR
2,275,000.00 FINANCIAL SERVICES
CORP 4.5 05/15/2031

99.779

4.55%

(2,269,972.25)

0.00

(2,269,972.25)

0.00

Purchase

05/15/2026 46647PBJ4

2,000,000.00

JPMORGAN CHASE &
CO 4.493 03/24/2031

99.711

4.56%

(1,994,220.00)

(12,730.17)

(2,006,950.17)

0.00

Purchase

05/27/2026 3137HRKH1

3,500,000.00

FHMS K-765 A2 4.17
02/25/2033

96.973

4.65%

(3,394,042.97)

(10,540.83)

(3,404,583.80)

0.00

Purchase

05/28/2026 161571JA3

2,195,000.00

CHAIT 2026-1 A 4.4
05/15/2029

99.976

4.41%

(2,194,480.66)

0.00

(2,194,480.66)

0.00

Purchase

05/29/2026 92970QAK1

2,500,000.00

WFCIT 2026-1 A 4.08
04/16/2029

99.387

4.31%

(2,484,667.97)

(3,966.67)

(2,488,634.64)

0.00

Purchase

06/08/2026 57636QBL7

2,430,000.00

MASTERCARD INC 4.6
06/08/2031

99.920

4.62%

(2,428,056.00)

0.00

(2,428,056.00)

0.00

Purchase

06/17/2026 44935KAD5

1,605,000.00

HART 26B A3 4.81
02/18/2031

99.988

4.81%

(1,604,806.28)

0.00

(1,604,806.28)

0.00

TOYOTA MOTOR
1,275,000.00 CREDIT CORP 4.55
05/14/2031

45

TRANSACTION LEDGER
Western Municipal Water District | Account #250|04/01/2026 Through 06/30/2026|
Transaction
Type

Settlement
CUSIP
Date

Purchase

06/18/2026 44891AEN3

Purchase

06/18/2026 44891AEN3

Purchase

06/25/2026 93974FLH4

Price

Acq/Disp
Yield

Amount

Interest Pur/
Sold

Total Amount

Gain/Loss

HYUNDAI CAPITAL
765,000.00 AMERICA 4.75
06/18/2029

99.834

4.81%

(763,730.10)

0.00

(763,730.10)

0.00

HYUNDAI CAPITAL
785,000.00 AMERICA 4.75
06/18/2029

99.969

4.76%

(784,756.65)

0.00

(784,756.65)

0.00

100.000

4.45%

(3,400,000.00)

0.00

(3,400,000.00)

0.00

Quantity Security Description

3,400,000.00

WASHINGTON STATE
4.45 08/01/2033

Total Purchase

33,995,000.00

(33,757,276.65)

(61,711.81)

(33,818,988.46)

0.00

TOTAL
ACQUISITIONS

33,995,000.00

(33,757,276.65)

(61,711.81)

(33,818,988.46)

0.00

DISPOSITIONS
Maturity

04/20/2026 4581X0DV7

INTER-AMERICAN
(1,600,000.00) DEVELOPMENT BANK
0.875 04/20/2026

100.000

0.97%

1,600,000.00

0.00

1,600,000.00

7,328.00

Maturity

05/13/2026 40139LBD4

GUARDIAN LIFE
(1,190,000.00) GLOBAL FUNDING 1.25
05/13/2026

100.000

1.13%

1,190,000.00

0.00

1,190,000.00

(6,593.00)

Maturity

06/12/2026 3130AGFP5

(2,000,000.00)

FEDERAL HOME LOAN
BANKS 2.5 06/12/2026

100.000

2.19%

2,000,000.00

0.00

2,000,000.00

(40,340.00)

4,790,000.00

0.00

4,790,000.00

(39,605.00)

Total Maturity

(4,790,000.00)

Sale

04/20/2026 89236TJK2

TOYOTA MOTOR
(260,000.00) CREDIT CORP 1.125
06/18/2026

99.516

1.13%

258,741.60

991.25

259,732.85

(1,144.00)

Sale

04/22/2026 89115A2Y7

TORONTO-DOMINION
(1,565,000.00) BANK 4.994
04/05/2029

101.939

4.99%

1,595,345.35

3,690.70

1,599,036.05

30,345.35

Sale

05/11/2026 91282CCW9

UNITED STATES
(1,750,000.00) TREASURY 0.75
08/31/2026

99.109

0.95%

1,734,414.06

2,567.93

1,736,981.99

1,298.83

Sale

05/13/2026 89236TJK2

TOYOTA MOTOR
(2,000,000.00) CREDIT CORP 1.125
06/18/2026

99.708

1.13%

1,994,160.00

9,062.50

2,003,222.50

(4,960.00)

46

TRANSACTION LEDGER
Western Municipal Water District | Account #250|04/01/2026 Through 06/30/2026|
Transaction
Type

Settlement
CUSIP
Date

Quantity Security Description

Price

Acq/Disp
Yield

Amount

Interest Pur/
Sold

Total Amount

Gain/Loss

Sale

05/13/2026 14913UAJ9

CATERPILLAR
(2,500,000.00) FINANCIAL SERVICES
CORP 4.85 02/27/2029

101.367

4.84%

2,534,175.00

25,597.22

2,559,772.22

32,950.00

Sale

05/15/2026 74153WCW7

PRICOA GLOBAL
(1,300,000.00) FUNDING I 4.7
05/28/2030

100.323

4.38%

1,304,199.00

28,343.61

1,332,542.61

(13,624.00)

Sale

05/26/2026 912828ZN3

UNITED STATES
(2,200,000.00) TREASURY 0.5
04/30/2027

96.949

1.07%

2,132,882.81

777.17

2,133,659.98

4,039.06

Sale

05/27/2026 3137H9D71

(3,525,000.00)

95.965

4.84%

3,382,760.74

7,637.50

3,390,398.24

158,075.32

Sale

05/29/2026 91282CAL5

UNITED STATES
(2,300,000.00) TREASURY 0.375
09/30/2027

95.363

1.15%

2,193,355.47

1,390.37

2,194,745.84

1,257.81

Sale

06/08/2026 912828ZV5

UNITED STATES
(2,200,000.00) TREASURY 0.5
06/30/2027

96.395

1.07%

2,120,679.69

4,831.49

2,125,511.18

(6,273.44)

Sale

06/16/2026 02665WFY2

AMERICAN HONDA
(1,500,000.00) FINANCE CORP 4.8
03/05/2030

99.909

4.82%

1,498,635.00

20,200.00

1,518,835.00

(45.00)

Sale

06/18/2026 91282CKG5

UNITED STATES
(2,200,000.00) TREASURY 4.125
03/31/2029

100.078

4.35%

2,201,718.75

19,588.11

2,221,306.86

24,148.44

FHMS K-750 A2 3.0
09/25/2029

Total Sale

(23,300,000.00)

22,951,067.47

124,677.85

23,075,745.32

226,068.37

TOTAL
DISPOSITIONS

(28,090,000.00)

27,741,067.47

124,677.85

27,865,745.32

186,463.37

47

TRANSACTION LEDGER
Western Municipal Water District Liquidity | Account #252|04/01/2026 Through 06/30/2026|
Transaction
Type

Settlement
CUSIP
Date

Quantity Security Description

Price

Acq/Disp
Yield

Amount

Interest Pur/
Sold

Total Amount

Gain/Loss

1.000

3.77%

(2,000,000.00)

0.00

(2,000,000.00)

0.00

1.000

3.81%

(53,031.75)

0.00

(53,031.75)

0.00

ACQUISITIONS
Purchase

04/06/2026 90CALFT$0

2,000,000.00 CalFIT

Purchase

04/15/2026 90LAIF$00

Purchase

04/15/2026 90CALFT$0

2,600,000.00 CalFIT

1.000

3.77%

(2,600,000.00)

0.00

(2,600,000.00)

0.00

Purchase

04/30/2026 90CALFT$0

16,942.90 CalFIT

1.000

3.77%

(16,942.90)

0.00

(16,942.90)

0.00

Purchase

04/30/2026 90CAMP$00

60,164.27 CAMP

1.000

3.78%

(60,164.27)

0.00

(60,164.27)

0.00

Purchase

05/11/2026 90CAMP$00

4,100,000.00 CAMP

1.000

3.76%

(4,100,000.00)

0.00

(4,100,000.00)

0.00

Purchase

05/19/2026 90CAMP$00

2,600,000.00 CAMP

1.000

3.76%

(2,600,000.00)

0.00

(2,600,000.00)

0.00

Purchase

05/21/2026 90CAMP$00

1,700,000.00 CAMP

1.000

3.76%

(1,700,000.00)

0.00

(1,700,000.00)

0.00

Purchase

05/31/2026 90CALFT$0

22,422.09 CalFIT

1.000

3.76%

(22,422.09)

0.00

(22,422.09)

0.00

Purchase

05/31/2026 90CAMP$00

21,780.81 CAMP

1.000

3.76%

(21,780.81)

0.00

(21,780.81)

0.00

Purchase

06/01/2026 90CALFT$0

2,991,000.00 CalFIT

1.000

3.78%

(2,991,000.00)

0.00

(2,991,000.00)

0.00

Purchase

06/01/2026 90CAMP$00

9,000,000.00 CAMP

1.000

3.77%

(9,000,000.00)

0.00

(9,000,000.00)

0.00

Purchase

06/04/2026 90CAMP$00

1,800,000.00 CAMP

1.000

3.77%

(1,800,000.00)

0.00

(1,800,000.00)

0.00

Purchase

06/08/2026 90CAMP$00

6,900,000.00 CAMP

1.000

3.77%

(6,900,000.00)

0.00

(6,900,000.00)

0.00

Purchase

06/15/2026 90CAMP$00

2,150,000.00 CAMP

1.000

3.77%

(2,150,000.00)

0.00

(2,150,000.00)

0.00

Purchase

06/29/2026 90CAMP$00

2,500,000.00 CAMP

1.000

3.77%

(2,500,000.00)

0.00

(2,500,000.00)

0.00

Purchase

06/30/2026 90CALFT$0

31,186.98 CalFIT

1.000

3.78%

(31,186.98)

0.00

(31,186.98)

0.00

Purchase

06/30/2026 90CAMP$00

55,593.25 CAMP

1.000

3.77%

(55,593.25)

0.00

(55,593.25)

0.00

Local Agency
53,031.75 Investment Fund State
Pool

Total Purchase

38,602,122.05

(38,602,122.05)

0.00

(38,602,122.05)

0.00

TOTAL
ACQUISITIONS

38,602,122.05

(38,602,122.05)

0.00

(38,602,122.05)

0.00

DISPOSITIONS
Sale

04/01/2026 90CAMP$00

(1,500,000.00) CAMP

1.000

3.78%

1,500,000.00

0.00

1,500,000.00

0.00

Sale

04/08/2026 90CAMP$00

(5,000,000.00) CAMP

1.000

3.78%

5,000,000.00

0.00

5,000,000.00

0.00

Sale

04/20/2026 90CAMP$00

(2,000,000.00) CAMP

1.000

3.78%

2,000,000.00

0.00

2,000,000.00

0.00

Sale

04/22/2026 90CAMP$00

(3,500,000.00) CAMP

1.000

3.78%

3,500,000.00

0.00

3,500,000.00

0.00

48

TRANSACTION LEDGER
Western Municipal Water District Liquidity | Account #252|04/01/2026 Through 06/30/2026|
Transaction
Type

Settlement
CUSIP
Date

Price

Acq/Disp
Yield

Amount

Interest Pur/
Sold

Total Amount

Gain/Loss

Sale

04/28/2026 90CAMP$00

Sale

05/13/2026 90CAMP$00

(9,800,000.00) CAMP

1.000

3.78%

9,800,000.00

0.00

9,800,000.00

0.00

(3,100,000.00) CAMP

1.000

3.76%

3,100,000.00

0.00

3,100,000.00

0.00

Sale

05/20/2026 90CAMP$00

(2,500,000.00) CAMP

1.000

3.76%

2,500,000.00

0.00

2,500,000.00

0.00

Sale

05/27/2026 90CAMP$00

(3,000,000.00) CAMP

1.000

3.76%

3,000,000.00

0.00

3,000,000.00

0.00

Sale

06/03/2026 90CAMP$00

(1,500,000.00) CAMP

1.000

3.77%

1,500,000.00

0.00

1,500,000.00

0.00

Sale

06/10/2026 90CAMP$00

(2,000,000.00) CAMP

1.000

3.77%

2,000,000.00

0.00

2,000,000.00

0.00

Sale

06/17/2026 90CAMP$00

(2,000,000.00) CAMP

1.000

3.77%

2,000,000.00

0.00

2,000,000.00

0.00

Sale

06/24/2026 90CAMP$00

(4,600,000.00) CAMP

1.000

3.77%

4,600,000.00

0.00

4,600,000.00

0.00

Quantity Security Description

Total Sale

(40,500,000.00)

40,500,000.00

0.00

40,500,000.00

0.00

TOTAL
DISPOSITIONS

(40,500,000.00)

40,500,000.00

0.00

40,500,000.00

0.00

49

IMPORTANT DISCLOSURES
2026 Chandler Asset Management, Inc, An Independent Registered Investment Adviser.
Information contained herein is confidential. Prices are provided by ICE Data Services Inc (“IDS”), an independent pricing source. In the event IDS does not provide a price or if the
price provided is not reflective of fair market value, Chandler will obtain pricing from an alternative approved third party pricing source in accordance with our written valuation
policy and procedures. Our valuation procedures are also disclosed in Item 5 of our Form ADV Part 2A.
Performance results are presented gross-of-advisory fees and represent the client’s Total Return. The deduction of advisory fees lowers performance results. These results include
the reinvestment of dividends and other earnings. Past performance may not be indicative of future results. Therefore, clients should not assume that future performance of any
specific investment or investment strategy will be profitable or equal to past performance levels. All investment strategies have the potential for profit or loss. Economic factors,
market conditions or changes in investment strategies, contributions or withdrawals may materially alter the performance and results of your portfolio.
Index returns assume reinvestment of all distributions. Historical performance results for investment indexes generally do not reflect the deduction of transaction and/or
custodial charges or the deduction of an investment management fee, the incurrence of which would have the effect of decreasing historical performance results. It is not
possible to invest directly in an index.
Source ICE Data Indices, LLC (“ICE”), used with permission. ICE permits use of the ICE indices and related data on an “as is” basis; ICE, its affiliates and their respective third party
suppliers disclaim any and all warranties and representations, express and/or implied, including any warranties of merchantability or fitness for a particular purpose or use,
including the indices, index data and any data included in, related to, or derived therefrom. Neither ICE data, its affiliates or their respective third party providers guarantee the
quality, adequacy, accuracy, timeliness or completeness of the indices or the index data or any component thereof, and the indices and index data and all components thereof
are provided on an “as is” basis and licensee’s use it at licensee’s own risk. ICE data, its affiliates and their respective third party do not sponsor, endorse, or recommend chandler
asset management, or any of its products or services.
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
current market conditions and are subject to change. This report may contain forecasts and forward-looking statements which are inherently limited and should not be relied
upon as indicator of future results. Past performance is not indicative of future results. This report is not intended to constitute an offer, solicitation, recommendation or advice
regarding any securities or investment strategy and should not be regarded by recipients as a substitute for the exercise of their own judgment.
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.
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.
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.
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.
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.

50

BENCHMARK DISCLOSURES

Benchmark

Disclosure

ICE BofA 1-10 Yr Unsubordinated US
Treasury & Agency Index

The ICE BofA 1-10 Year Unsubordinated US Treasury & Agency Index tracks the performance of US dollar denominated US
Treasury and nonsubordinated US agency debt issued in the US domestic market. Qualifying securities must have an investment
grade rating (based on an average of Moody’s, S&P and Fitch). Qualifying securities must have at least one year remaining term
to final maturity and less than ten years remaining term to final maturity, at least 18 months to maturity at time of issuance, a
fixed coupon schedule, and a minimum amount outstanding of $1 billion for sovereigns and $250 million for agencies.

51

Attachment 3

INVESTMENT REPORT
Western Municipal Water District VEBA Account | As of June 30, 2026

CHANDLER ASSET MANAGEMENT | chandlerasset.com

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

TABLE OF CONTENTS
ECONOMIC UPDATE
ACCOUNT PROFILE

PORTFOLIO HOLDINGS
TRANSACTIONS

1

ECONOMIC UPDATE

2

SECOND QUARTER 2026
U.S. equity markets staged a broad recovery in the second quarter of 2026, more than reversing the correction that unsettled investors in March
following the breakout of war with Iran. The S&P 500 gained 15.2% on a total return basis, its strongest quarterly result since 2020, as easing
geopolitical tensions and renewed enthusiasm for artificial intelligence infrastructure lifted sentiment. The turning point came in early April, when
the United States and Iran agreed to a ceasefire that halted the conflict that began in late February and closed the Strait of Hormuz. As expectations
increased for shipping traffic through the strait to gradually resume, the energy supply shock that defined the first quarter began to unwind, and the
fear premium that lifted oil and safe haven assets faded.
The macroeconomic backdrop remained more complicated than the equity rally alone would suggest. Inflation reaccelerated over the first half of
the year, with headline consumer prices rising 4.2% year over year as of the May reading, reflecting the combined pressure of earlier tariff
measures and the spring energy spike. Against that backdrop, the Federal Reserve held its policy rate at 3.50% to 3.75% for a fourth consecutive
meeting. The June gathering was the first led by new Chair Kevin Warsh, and the accompanying projections marked a clear shift, as several officials
penciled in a rate increase before year end and pushed anticipated cuts into 2027 and beyond. During the press conference, Warsh also repeatedly
stressed the Committee’s commitment to price stability. Investors responded by repricing the front end of the yield curve higher.
The stock market rally was broad across market capitalizations, with small and mid cap stocks returning 16.0% and 14.5%, respectively, and small
caps outpacing the large cap benchmark. Within the S&P 500, however, the largest companies pulled ahead, and the cap weighted index outpaced
its equal weighted counterpart by 3.8%, a reversal of the first quarter pattern driven by technology and communication services names.
International markets participated in the rally but trailed the United States, with emerging markets the notable exception as Taiwan and other
technology heavy markets posted strong gains. Fixed income delivered modest positive returns as credit spreads tightened, while commodities gave
back a portion of their first quarter advance and finished as the weakest broad asset class. Real estate rebounded alongside equities, led by a
recovery in U.S. office and residential property.
For diversified investors, the quarter offered a useful reminder that market leadership can shift quickly and that concentration cuts in both
directions. The same technology exposure that lagged during the first quarter rotation powered much of the second quarter recovery, while the
commodities and safe haven assets that cushioned earlier volatility reversed course. With inflation still elevated, monetary policy in flux under new
leadership, and geopolitical risk reduced but still simmering, we continue to believe a disciplined allocation across regions and asset classes remains
the most reliable path to durable long term returns. The Multi Asset Class Strategy is positioned to capture those returns while managing the risks
that an uncertain environment presents.

3

ASSET CLASS RETURNS
As of June 30, 2026

12 Month

Total Return (%)
YTD

QTD

S&P 500
S&P MidCap 400
CRSP US Small Cap
MSCI World ex USA Net
MSCI Emerging Market Net

22.3
25.9
29.5
21.0
43.5

10.2
17.3
18.2
9.2
23.8

15.2
14.5
16.0
10.2
24.1

Real Estate
US Real Estate
International Real Estate

FTSE EPRA Nareit Developed REITs USA
FTSE EPRA Nareit Developed ex US REIT Net

21.1
2.6

17.6
-2.0

12.2
2.6

Fixed Income
US Core Bonds
US High Yield
US TIPS
International Bonds

ICE BofA US Broad Market Index
ICE BofA US High Yield Index
Bloomberg US TIPS Index
Bloomberg Global Aggregate ex USD

3.8
5.7
3.4
2.6

0.8
1.9
1.2
1.6

0.7
2.5
0.9
1.8

Commodities
Diversified Commodities
Gold

Bloomberg Commodity Index Total Return
Gold Spot Price

25.5
21.3

14.4
-7.2

-8.1
-14.1

Strategy Benchmark
Global Equity
Global REITs
US Fixed Income
Strategy Benchmark

MSCI ACWI IMI Net
FTSE EPRA Nareit Global REIT Net Total Return USD
ICE BofA US Broad Market Index
54% Global Equity, 6% Global REITS, 40% US Fixed Income

24.2
15.0
3.8
15.3

11.8
11.6
0.8
7.4

14.9
10.7
0.7
8.9

Asset Class
Equities
US Large Cap
US Mid Cap
US Small Cap
International
Emerging Markets

Source: Bloomberg

Index

4

GLOBAL ECONOMY
As of June 30, 2026

US Dollar Index

G4 Central Bank Policy Rates
6.0%
5.0%
4.0%

US Fed: 3.63%

US Dollar Index (DXY): 101.19

ECB: 2.25%

115

BOE: 3.75%

110

BOJ: 0.98%

3.0%
Rate

120

105
100

2.0%

95

1.0%

90

0.0%

85

-1.0%

80

Source: Bloomberg

Source: Bloomberg

Global economic activity held up over the second quarter, though the outlook remained clouded by the aftermath of the Iran conflict and persistent
policy uncertainty. Business surveys pointed to continued expansion in the United States, where the S&P Global Manufacturing Purchasing
Managers' Index climbed to 55.7 in June and the services and composite readings held above 50 at 51.3 and 52.2, respectively. Manufacturing
sentiment improved as energy supply concerns eased, even as elevated input prices and tariff related costs weighed on margins. Major central
banks turned more hawkish as the energy shock lifted inflation. The European Central Bank raised its key rates by 0.25% in June to a 2.25% deposit
rate, its first hike since 2023, while the Federal Reserve held steady and the Bank of Japan continued its gradual normalization.
After a weak 2025, the U.S. currency gained ground, supported by the Fed's firmer rate outlook and a relative growth advantage. The U.S. Dollar
Index rose 1.2% to 101.19, the euro eased to $1.14, and the Japanese yen weakened to 162.55 per dollar. For U.S. investors holding international
assets, a stronger dollar reduced the value of foreign returns once translated back into dollars, a reminder that currency movements can appreciably
affect outcomes. This environment reinforces the case for global diversification paired with an awareness of the currency exposure embedded in
international allocations.
5

US UNEMPLOYMENT
As of June 30, 2026

US Unemployment Rate
25%

US Inflation
7.0%

Recession
US Unemployment Rate: 4.2%

15%

US Underemployment Rate:
7.9%

6.0%
5.0%
YoY Change

20%

10%
5%

Recession
US Core CPI YoY % Change:
2.9%
US Core PCE YoY % Change:
3.4%

4.0%
3.0%
2.0%
1.0%

0%

0.0%

Source: US Department of Labor

Source: US Department of Labor

The labor market proved more resilient than many had feared entering the year. After a soft patch in late 2025, payroll growth recovered, with nonfarm employment rising 57,000 in June and the unemployment rate at 4.2%, little changed over the prior twelve months. Job openings measured by
the Job Openings and Labor Turnover Survey climbed to 7.6 million, while the labor force participation rate eased to 61.8%. Initial jobless claims
stayed low and below 230,000 all quarter, and steady hiring alongside firm wage gains gave the Federal Reserve room to keep its focus on prices
rather than employment.
Inflation, however, moved in the wrong direction. Headline consumer prices rose 4.2% year over year as of May, up from 2.7% at the end of 2025,
while core prices excluding food and energy increased 2.9%. The Personal Consumption Expenditures price index, the measure the Fed watches
most closely, increased 4.1%, with the core reading at 3.4%. Producer prices and import prices accelerated more sharply, climbing 6.5% and 6.7%
year over year respectively, reflecting the pass through of earlier tariff measures alongside the spring energy shock. This combination of steady
employment and firming inflation supported the Federal Reserve's decision to hold rates steady and to signal a more cautious path ahead.

6

GLOBAL STOCK MARKETS
As of June 30, 2026

Index
MSCI ACWI IMI Net
S&P 500
S&P 500 Equal Weighted
S&P MidCap 400
CRSP US Small Cap
MSCI World ex USA Net
MSCI Emerging Market Net

Region
World
US
US
US
US
Developed Markets, ex-US
Emerging Markets

12 Month
24.2
22.3
19.2
25.9
29.5
21.0
43.5

Total Return (%)
YTD
11.8
10.2
12.1
17.3
18.2
9.2
23.8

QTD
14.9
15.2
11.4
14.5
16.0
10.2
24.1

Source: Bloomberg

Global equities advanced 14.9% in the second quarter, with the United States leading developed markets. The S&P 500 returned 15.2%, its strongest
quarter since 2020, as the artificial intelligence investment theme regained momentum. Gains reached across the size spectrum, as mid and small
cap stocks climbed 14.5% and 16.0% respectively, with small caps outpacing the large cap benchmark. Within the S&P 500, returns skewed toward
the largest members, and the cap weighted index outpaced the equal weighted version, which gained 11.4%. Information technology led all sectors
with a 31.7%1 gain, while energy fell 13.4%1 as oil prices retreated. Among the biggest companies, Alphabet advanced 24.3% and Broadcom added
22.0%, though results were uneven, as Microsoft was roughly flat and Meta Platforms slipped 1.5%.
International markets rallied but trailed the United States, partially due to the U.S. dollar headwind. Developed markets outside the United States
produced a 10.2% gain, with Europe up 10.9%2 and Japan up 14.2%2. Emerging markets stood out with a 24.1% gain, led by Taiwan, which advanced
48.9%2 on strength in its semiconductor sector. Chinese stocks declined 6.6%2 and India added 10.1%2. Despite the strength of the dollar,
international stocks still had very good returns. The quarter underscored both the reward and risk of concentration, reinforcing the value of holding a
diversified portfolio of regions and market segments through shifting leadership.
1 S&P 500 Sector Indices
2 MSCI Indices

7

GLOBAL BOND MARKET
As of June 30, 2026

US Treasury Yield Curve

Global 10-Year Rates

5.5%

6.0%
5.0%

5.0%

US: 4.47%
Germany: 2.86%
Japan: 2.68%

4.0%

4.5%

China: 1.73%

3.0%
2.0%

4.0%

1.0%
Jun-26
Mar-26

3.5%

Jun-25

3.0%

Source: Bloomberg

0.0%
-1.0%

Source: Bloomberg

The Federal Reserve held the federal funds rate at 3.50% to 3.75% for a fourth consecutive meeting, leaving the effective rate near 3.63%. The June
meeting was the first under new Chair Kevin Warsh, and updated projections signaled a more hawkish path, as several policymakers anticipated a
rate increase before year end and shifted expected cuts into 2027 and beyond. Treasury yields rose across the curve, concentrated at the front end.
The 2-year yield increased 0.38% to 4.18% and the 5-year climbed 0.29% to 4.23%. The 10-year added 0.15% to 4.47%. As a result, the curve
flattened, with the spread between the 10-year and 2-year yields narrowing 0.23% to 0.29%.
Despite rising yields, fixed income produced positive returns as credit spreads tightened in the risk on environment. The ICE BofA U.S. Broad Market
Index returned 0.7%, the U.S. Treasury index gained 0.3%, and the investment grade and high yield corporate indices returned 1.4% and 2.5%,
respectively. Overseas, German ten year yields fell 0.14% to 2.86% and U.K. gilts declined 0.16% to 4.76%, while Japanese yields continued to rise,
adding 0.33% to 2.68%. Bond market volatility, measured by the MOVE index, declined as rate expectations settled. High quality bonds continued to
offer durable income and a stabilizing role within diversified portfolios.

8

REAL ESTATE
As of June 30, 2026

Dividend Yield

Total Return (%)
Index
FTSE EPRA Nareit Global REIT Net Total
Return USD
FTSE EPRA Nareit Developed REITs USA
Total Return
FTSE EPRA Nareit Developed ex US REIT
Net Total Return

12 Month

YTD

QTD

6.5%

15.0

11.6

10.7

6.0%

21.1

17.6

12.2

5.5%

2.6

-2.0

2.6

5.0%
4.5%

US Real Estate Sectors

4.0%

FTSE NAREIT Health Care

39.9

20.2

14.1

FTSE NAREIT Retail

26.9

19.5

12.3

FTSE NAREIT Industrial

27.6

8.4

5.7

3.0%

FTSE NAREIT Data Center

25.6

33.2

7.5

2.5%

FTSE NAREIT Residetial

1.2

7.5

14.7

2.0%

FTSE NAREIT Telecommunications
FTSE NAREIT Office
Source: Bloomberg

-23.0

-7.5

-3.1

4.6

12.4

34.7

3.5%
US: 3.62%
Developed, ex-US: 4.26%

Source: Bloomberg; FTSE EPRA Nareit Developed REITs USA, FTSE EPRA Nareit Developed ex
US REIT

Real estate investment trusts rebounded with the broader equity market. Global REITs returned 10.7% in the second quarter, and U.S. REITs led with
a 12.2% gain, outperforming their developed international counterparts, which produced 2.6%. This reversed a stretch of U.S. underperformance and
was driven by a recovery in the office sector, up 34.7% after a weak first quarter, along with gains in residential, health care, and retail properties of
14.7%, 14.1%, and 12.3%, respectively. Data center REITs added 7.5%, extending a longer run of strength tied to demand for artificial intelligence
infrastructure, while retail and residential names benefited from resilient consumer demand and limited new construction.
Several factors supported the sector. Bond market volatility declined over the quarter, easing pressure on rate sensitive property types, and
improving risk appetite lifted valuations broadly. For U.S. based investors, dollar strength reduced returns on international holdings, which
contributed to the wide gap between domestic and foreign REIT performance. Income remained central to the case for real estate, with dividend
yields that generally exceed those of the broader equity market. For long term investors, REITs continue to offer a combination of current income,
diversification, and exposure to durable demand themes such as digital infrastructure.
9

COMMODITY MARKETS
As of June 30, 2026

Bloomberg Commodity Index

Oil

150
140

140
WTI Front Month: $69.50

BCOM: 123.18

120

130

Brent Front Month: $72.92

100

120
$ / Bbl

110

100
90
80

80
60
40

70
60

20

50

0

Source: Bloomberg

Source: Bloomberg

Commodities reversed much of their first quarter advance and finished as the weakest broad asset class. The Bloomberg Commodity Index declined
8.1% in the second quarter. Energy drove the retreat, with the energy subindex down 13.3% as the war premium unwound. West Texas Intermediate
crude fell 31.4% to $69.50 per barrel and Brent dropped 38.4% to $72.92, returning to levels last seen before the conflict began, after the April
ceasefire and expectations increased for the reopening of the Strait of Hormuz. Precious metals gave back gains as recent momentum followers
exited the trade. Global central banks, however, continue to drive long term demand. The precious metals subindex was off 14.9% with gold lower by
14.1% to $4,008 per ounce and silver down 22.0% to $58.60.
Not all commodities weakened. Industrial metals edged higher, and copper climbed 10.3% to $6.19 per pound, supported by demand tied to artificial
intelligence data centers and electrification. Natural gas gained 13.6%, while agricultural commodities were modestly lower as supply concerns
eased. Even after the second quarter pullback, commodities remained higher over the trailing twelve months, reflecting the lasting effect of the
earlier supply shock. For diversified portfolios, commodities continue to serve as a useful hedge against inflation and geopolitical disruption, even as
their quarter to quarter returns can fluctuate.
10

ACCOUNT PROFILE

11

OBJECTIVES

Investment Objectives
The Western Municipal Water District Retirement Medical Benefit Plan and VEBA Trust
investment objective is to grow the portfolio over the long-term. The Medical Trust will assume
an appropriate level of risk to preserve, grow, and pay benefits to the beneficiaries.

Chandler Asset Management Performance Objective
The performance objective of the Medical Trust is to achieve an annual rate of return on its
portfolio which meets the long-term actuarial liability.
Strategy
In order to achieve its objective, we invest the Medical Trusts' funds in a well diversified
portfolio of assets including but not limited to stocks, bonds, commodities and REIT's.

12

STATEMENT OF COMPLIANCE
Western Municipal Water District VEBA Account | Account #254 | As of June 30, 2026
Limit

Actual

Compliance
Status

Max % (MV)

10.0

0.8

Compliant

Min % (MV)

0.0

0.8

Compliant

Max % (MV)

25.0

3.9

Compliant

Min % (MV)

0.0

3.9

Compliant

Max % (MV)

75.0

33.9

Compliant

Min % (MV)

15.0

33.9

Compliant

Max % (MV)

75.0

27.2

Compliant

Min % (MV)

20.0

27.2

Compliant

Max % (MV)

75.0

33.9

Compliant

Min % (MV)

25.0

33.9

Compliant

Max % (MV)

35.0

4.5

Compliant

Min % (MV)

0.0

4.5

Compliant

Max % (MV)

50.0

17.7

Compliant

Min % (MV)

5.0

17.7

Compliant

Max % (MV)

10.0

3.0

Compliant

Min % (MV)

0.0

3.0

Compliant

Max % (MV)

25.0

3.0

Compliant

Min % (MV)

0.0

3.0

Compliant

Rules Name

Notes

CASH EQUIVALENTS

COMMODITIES

DOMESTIC BONDS

DOMESTIC EQUITIES

FIXED INCOME

INTERNATIONAL BONDS

INTERNATIONAL EQUITIES

INTERNATIONAL REAL ESTATE

US REAL ESTATE

13

PERIODIC TABLE OF ASSET CLASS RETURNS
As of June 30, 2026
2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

YTD 2026

US Mid Cap
Stocks
20.7%

Emerging Market
Stocks
37.3%

International
Bonds
3.2%

US Large Cap
Stocks
31.5%

US Small Cap
Stocks
19.1%

US Real Estate
42.8%

Diversified
Commodities
16.1%

US Large Cap
Stocks
26.3%

US Large Cap
Stocks
25.0%

Emerging Market
Stocks
33.6%

Emerging Market
Stocks
23.8%

US Small Cap
Stocks
18.3%

International
Stocks
24.2%

US Core Bonds
0.0%

US Small Cap
Stocks
27.3%

US Large Cap
Stocks
18.4%

US Large Cap
Stocks
28.7%

International
Bonds
-9.8%

US Small Cap
Stocks
18.1%

US Small Cap
Stocks
14.2%

International
Stocks
31.9%

US Small Cap
Stocks
18.2%

US High Yield
Bonds
17.5%

US Large Cap
Stocks
21.8%

US High Yield
Bonds
-2.3%

US Mid Cap
Stocks
26.2%

Emerging Market
Stocks
18.3%

Diversified
Commodities
27.1%

US High Yield
Bonds
-11.2%

International
Stocks
17.9%

US Mid Cap
Stocks
13.9%

International Real
Estate
25.2%

US Real Estate
17.6%

US Large Cap
Stocks
12.0%

International Real
Estate
20.0%

US Real Estate
-3.9%

US Real Estate
24.3%

US Mid Cap
Stocks
13.7%

US Mid Cap
Stocks
24.8%

US Mid Cap
Stocks
-13.1%

US Mid Cap
Stocks
16.4%

US High Yield
Bonds
8.2%

US Large Cap
Stocks
17.9%

US Mid Cap
Stocks
17.3%

Diversified
Commodities
11.8%

US Mid Cap
Stocks
16.2%

US Large Cap
Stocks
-4.4%

International
Stocks
22.5%

International
Stocks
7.6%

US Small Cap
Stocks
17.7%

US Core Bonds
-13.2%

US High Yield
Bonds
13.5%

US Real Estate
7.9%

Diversified
Commodities
15.8%

Diversified
Commodities
14.4%

Emerging Market
Stocks
11.2%

US Small Cap
Stocks
16.2%

International Real
Estate
-6.4%

International Real
Estate
21.0%

US Core Bonds
7.6%

International
Stocks
12.6%

International
Stocks
-14.3%

US Real Estate
13.3%

Emerging Market
Stocks
7.5%

US Small Cap
Stocks
8.8%

US Large Cap
Stocks
10.2%

US Real Estate
7.6%

US High Yield
Bonds
7.5%

US Small Cap
Stocks
-9.3%

Emerging Market
Stocks
18.4%

US High Yield
Bonds
6.2%

International Real
Estate
8.1%

US Small Cap
Stocks
-17.6%

Emerging Market
Stocks
9.8%

Diversified
Commodities
5.4%

US High Yield
Bonds
8.5%

International
Stocks
9.2%

International
Bonds
4.9%

US Real Estate
3.9%

US Mid Cap
Stocks
-11.1%

US High Yield
Bonds
14.4%

International
Bonds
3.9%

US High Yield
Bonds
5.4%

US Large Cap
Stocks
-18.1%

International
Bonds
8.3%

International
Bonds
5.0%

US Mid Cap
Stocks
7.5%

US High Yield
Bonds
1.9%

International
Stocks
2.7%

US Core Bonds
3.6%

Diversified
Commodities
-11.2%

US Core Bonds
8.9%

Diversified
Commodities
-3.1%

International
Bonds
-1.4%

Emerging Market
Stocks
-20.1%

International Real
Estate
6.3%

International
Stocks
4.7%

US Core Bonds
7.1%

International
Bonds
1.6%

US Core Bonds
2.6%

International
Bonds
2.5%

International
Stocks
-14.1%

Diversified
Commodities
7.7%

International Real
Estate
-7.1%

US Core Bonds
-1.6%

International Real
Estate
-24.3%

US Core Bonds
5.4%

US Core Bonds
1.5%

International
Bonds
2.8%

US Core Bonds
0.8%

International Real
Estate
1.3%

Diversified
Commodities
1.7%

Emerging Market
Stocks
-14.6%

International
Bonds
7.6%

US Real Estate
-9.6%

Emerging Market
Stocks
-2.5%

US Real Estate
-24.8%

Diversified
Commodities
-7.9%

International Real
Estate
-8.4%

US Real Estate
2.7%

International Real
Estate
-2.0%

Index returns as of 06/30/2026. Past performance is not indicative of future results. Index returns assume reinvestment of all distributions and do not reflect fees or expenses. It is not possible to invest directly in an
index. This information is not intended to constitute an offer, solicitation, recommendation, or advice regarding securities or investment strategy. Please see attached Asset Class Disclosure.

14

CURRENT ASSET ALLOCATION
Western Municipal Water District VEBA Account | Account #254 | As of June 30, 2026
Asset Allocation

Country Allocation

Market Value

% Held

Country

Equity

12,245,135.10

44.92%

United States

Bonds

12,112,958.00

44.43%

Japan

Real Estate (REIT)

1,642,686.15

6.03%

Canada

Commodities

Regional Allocation

Region

% held

Region

% held

North America

75.40%

North America

77.91%

Asia

3.59%

Asia Pacific

10.75%

North America

2.14%

Western Europe

8.31%

1,055,742.55

3.87%

United Kingdom

Europe

1.95%

Central Asia

0.94%

Cash

204,961.68

0.75%

Taiwan

Asia

1.85%

Africa / Middle East

0.89%

Total

27,261,483.48

100.00%

China

Asia

1.53%

South & Central America

0.45%

South Korea

Asia

1.49%

Eastern Europe

0.27%

Germany

Europe

1.21%

Other

0.48%

Australia

Australia

1.15%

Total

100.00%

France

Europe

1.13%

Other

Various

8.56%

Total

100.00%

15

CHANGE IN PORTFOLIO HOLDINGS
Western Municipal Water District VEBA Account | Account #254 | As of June 30, 2026

June 30, 2026

Cash

March 31, 2026

Market Value

% Held

Change

Market Value

% Held

Market Value

% Held

204,961.68

0.75%

193,609.43

0.75%

11,352.25

0.00%

Commodities

1,055,742.55

3.87%

1,040,003.70

4.03%

15,738.85

(0.16)

Equity

12,245,135.10

44.92%

11,677,932.95

45.25%

567,202.15

(0.33)

Real Estate (REIT)

1,642,686.15

6.03%

1,555,117.25

6.03%

87,568.90

(0.00)

Bonds

12,112,958.00

44.43%

11,340,564.35

43.94%

772,393.65

0.49%

16

CHANGE IN PORTFOLIO HOLDINGS DETAIL
Western Municipal Water District VEBA Account | Account #254 | As of June 30, 2026
June 30, 2026

March 31, 2026

Change

Market Value

% Held

Market Value

% Held

Market Value

% Held

Core Bonds

7,393,488.15

27.12%

6,916,637.00

26.80%

476,851.15

0.32%

US TIPS

1,644,170.90

6.03%

1,534,842.60

5.95%

109,328.30

0.08%

Intl Bonds

1,231,332.75

4.52%

1,153,920.75

4.47%

77,412.00

0.05%

US Bonds

1,843,966.20

6.76%

1,735,164.00

6.72%

108,802.20

0.04%

Total Bonds

12,112,958.00

44.43%

11,340,564.35

43.94%

772,393.65

0.49%

204,578.82

0.75%

193,132.56

0.75%

11,446.26

0.00%

382.86

0.00%

476.87

0.00%

(94.01)

(0.00)

204,961.68

0.75%

193,609.43

0.75%

11,352.25

0.00%

Commodities

1,055,742.55

3.87%

1,040,003.70

4.03%

15,738.85

(0.16)

Total Commodities

1,055,742.55

3.87%

1,040,003.70

4.03%

15,738.85

(0.16)

2,414,162.05

8.86%

1,957,961.25

7.59%

456,200.80

1.27%

Small Cap

879,048.00

3.22%

813,261.60

3.15%

65,786.40

0.07%

Intl Equity

2,406,468.75

8.83%

1,702,926.00

6.60%

703,542.75

2.23%

Large Cap

5,421,963.60

19.89%

6,159,770.30

23.87%

(737,806.70)

(3.98)

Mid Cap

1,123,492.70

4.12%

1,044,013.80

4.05%

79,478.90

0.08%

Total Equity

12,245,135.10

44.92%

11,677,932.95

45.25%

567,202.15

(0.33)

Intl RE

822,549.00

3.02%

781,653.25

3.03%

40,895.75

(0.01)

Real Estate

820,137.15

3.01%

773,464.00

3.00%

46,673.15

0.01%

Total Real Estate (REIT)

1,642,686.15

6.03%

1,555,117.25

6.03%

87,568.90

(0.00)

TOTAL PORTFOLIO

27,261,483.48

100.00%

25,807,227.68

100.00%

1,454,255.80

0.00%

BONDS

CASH
Money Mkt Fd
Cash
Total Cash
COMMODITIES

EQUITY
Emrging Mkts

REAL ESTATE (REIT)

17

INVESTMENT PERFORMANCE
Western Municipal Water District VEBA Account | Account #254 | As of June 30, 2026
Total Rate of Return: Inception | 12/01/2009

TOTAL RATE OF RETURN*

3 Months

12 Months

2 Years

3 Years

5 Years

10 Years

Since Inception

6.59%

14.41%

12.51%

11.80%

5.49%

7.91%

7.75%

Benchmark

8.25%

14.36%

13.29%

12.94%

7.04%

8.57%

8.02%

Secondary Benchmark

8.91%

15.33%

13.45%

12.66%

5.95%

7.72%

7.55%

WMWD VEBA Account

*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
and unrealized gains and losses in the portfolio.
Benchmark: 35% S&P 500 TR, 40% ICE Corp Gov & Mtg Index, 25% MSCI EAFE NTR - Monthly Rebalancing
Secondary Benchmark: 54% MSCI ACWI IMI NTR, 6% FTSE EPRA Nareit Global REITs NTR, 40% ICE BofA US Broad Market Index

18

PORTFOLIO HOLDINGS

19

HOLDINGS REPORT
Western Municipal Water District VEBA Account | Account #254 | As of June 30, 2026
Cusip

Security Description

Par Value/
Units

Cost Value

Book Value

Mkt
Price

Market Value

Accrued Int.

382.86

382.86

382.86

1.00

382.86

0.00

382.86

382.86

382.86

1.00

382.86

0.00

% of Port.
Gain/Loss

CASH
CCYUSD

Receivable

Total Cash

0.00%
0.00
0.00%
0.00

COMMODITIES
003261104

ABRDN:BBG AC STR K1 FREE

23,885.00

489,527.87

489,527.87

22.34

533,590.90

0.00

1.96%
44,063.03

464285204

ISHARES:GOLD TRUST

6,915.00

587,472.85

587,472.85

75.51

522,151.65

0.00

1.92%
(65,321.20)

30,800.00

1,077,000.72

1,077,000.72

48.64

1,055,742.55

0.00

40,445.00

2,166,976.38

2,166,976.38

59.69

2,414,162.05

0.00

40,445.00

2,166,976.38

2,166,976.38

59.69

2,414,162.05

0.00

25,425.00

1,281,871.09

1,281,871.09

48.43

1,231,332.75

0.00

25,425.00

1,281,871.09

1,281,871.09

48.43

1,231,332.75

0.00

33,775.00

1,849,063.68

1,849,063.68

71.25

2,406,468.75

0.00

Total Commodities

3.87%
(21,258.17)

EMERGING MARKET
EQUITY
922042858

VANGUARD EM ST I ETF

Total Emerging Market
Equity

8.86%
247,185.67
8.86%
247,185.67

INTERNATIONAL
BONDS
92203J407

VANGUARD TOT ITL BI ETF

Total International
Bonds

4.52%
(50,538.34)
4.52%
(50,538.34)

INTERNATIONAL
EQUITY
921943858

VANGUARD DEV MKT ETF

8.83%
557,405.07

20

HOLDINGS REPORT
Western Municipal Water District VEBA Account | Account #254 | As of June 30, 2026
Cusip

Security Description

Total International
Equity

Par Value/
Units

Cost Value

Book Value

Mkt
Price

Market Value

Accrued Int.

33,775.00

1,849,063.68

1,849,063.68

71.25

2,406,468.75

0.00

18,340.00

811,358.15

811,358.15

44.85

822,549.00

0.00

18,340.00

811,358.15

811,358.15

44.85

822,549.00

0.00

7,240.00

3,533,147.98

3,533,147.98

748.89

5,421,963.60

0.00

7,240.00

3,533,147.98

3,533,147.98

748.89

5,421,963.60

0.00

14,570.00

811,607.28

811,607.28

77.11

1,123,492.70

0.00

14,570.00

811,607.28

811,607.28

77.11

1,123,492.70

0.00

204,578.82

204,578.82

204,578.82

1.00

204,578.82

0.00

204,578.82

204,578.82

204,578.82

1.00

204,578.82

0.00

% of Port.
Gain/Loss
8.83%
557,405.07

INTERNATIONAL REAL
ESTATE
922042676

VANGUARD GXUS RE ETF

Total International Real
Estate

3.02%
11,190.85
3.02%
11,190.85

LARGE CAP US
EQUITY
464287200

ISHARES:CORE S&P 500

Total Large Cap US
Equity

19.89%
1,888,815.62
19.89%
1,888,815.62

MID CAP US EQUITY
464287507

ISHARES:CORE S&P MD-CP

Total Mid Cap US
Equity

4.12%
311,885.42
4.12%
311,885.42

MONEY MARKET
FUND
31846V203
Total Money Market
Fund

FIRST AMER:GVT OBLG Y

0.75%
0.00
0.75%
0.00

REAL ESTATE

21

HOLDINGS REPORT
Western Municipal Water District VEBA Account | Account #254 | As of June 30, 2026
Cusip

Security Description

Par Value/
Units

Cost Value

Book Value

Mkt
Price

Market Value

Accrued Int.

922908553

VANGUARD RE IDX ETF

8,505.00

681,121.80

681,121.80

96.43

820,137.15

0.00

8,505.00

681,121.80

681,121.80

96.43

820,137.15

0.00

2,900.00

364,042.73

364,042.73

303.12

879,048.00

0.00

2,900.00

364,042.73

364,042.73

303.12

879,048.00

0.00

100,715.00

7,849,249.85

7,849,249.85

73.41

7,393,488.15

0.00

100,715.00

7,849,249.85

7,849,249.85

73.41

7,393,488.15

0.00

49,810.00

1,818,034.10

1,818,034.10

37.02

1,843,966.20

0.00

49,810.00

1,818,034.10

1,818,034.10

37.02

1,843,966.20

0.00

69,170.00

1,656,407.00

1,656,407.00

23.77

1,644,170.90

0.00

69,170.00

1,656,407.00

1,656,407.00

23.77

1,644,170.90

0.00

Total Real Estate

% of Port.
Gain/Loss
3.01%
139,015.35
3.01%
139,015.35

SMALL CAP US
EQUITY
922908751

VANGUARD S-C ID ETF

Total Small Cap US
Equity

3.22%
515,005.27
3.22%
515,005.27

US CORE BONDS
921937835

VANGUARD TOT BD ETF

Total US Core Bonds

27.12%
(455,761.70)
27.12%
(455,761.70)

US HIGH YIELD
BONDS
46435U853

ISHARES:BRD USD HY CP BD

Total US High Yield
Bonds

6.76%
25,932.10
6.76%
25,932.10

US TIPS
33939L605

Total US TIPS

FLEXSHS:IB 5Y TD TIPS

6.03%
(12,236.10)
6.03%
(12,236.10)

22

HOLDINGS REPORT
Western Municipal Water District VEBA Account | Account #254 | As of June 30, 2026
Cusip

Total Portfolio
Total Market Value +
Accrued

Security Description

Par Value/
Units

Cost Value

606,656.68

24,104,842.45

Mkt
Price

Market Value

Accrued Int.

24,104,842.45 205.65

27,261,483.48

0.00

Book Value

% of Port.
Gain/Loss
100.00%
3,156,641.03

27,261,483.48

23

TRANSACTIONS

24

TRANSACTION LEDGER
Western Municipal Water District VEBA Account | Account #254|04/01/2026 Through 06/30/2026|
Transaction Type

Settlement
CUSIP
Date

Quantity Security Description

Price

Acq/Disp
Yield

Amount

Interest
Pur/Sold

Total Amount

Gain/Loss

ACQUISITIONS
Purchase

04/02/2026 31846V203

476.87 FIRST AMER:GVT OBLG Y

1.000

3.27%

(476.87)

0.00

(476.87)

0.00

Purchase

04/06/2026 31846V203

26,165.23 FIRST AMER:GVT OBLG Y

1.000

3.27%

(26,165.23)

0.00

(26,165.23)

0.00

Purchase

04/07/2026 31846V203

14,374.78 FIRST AMER:GVT OBLG Y

1.000

3.27%

(14,374.78)

0.00

(14,374.78)

0.00

Purchase

05/04/2026 31846V203

287.20 FIRST AMER:GVT OBLG Y

1.000

3.26%

(287.20)

0.00

(287.20)

0.00

Purchase

05/05/2026 31846V203

25,406.98 FIRST AMER:GVT OBLG Y

1.000

3.25%

(25,406.98)

0.00

(25,406.98)

0.00

Purchase

05/06/2026 31846V203

9,535.54 FIRST AMER:GVT OBLG Y

1.000

3.25%

(9,535.54)

0.00

(9,535.54)

0.00

Purchase

05/07/2026 31846V203

9,061.62 FIRST AMER:GVT OBLG Y

1.000

3.24%

(9,061.62)

0.00

(9,061.62)

0.00

Purchase

06/01/2026 31846V203

49,183.24 FIRST AMER:GVT OBLG Y

1.000

3.26%

(49,183.24)

0.00

(49,183.24)

0.00

Purchase

06/02/2026 31846V203

230.33 FIRST AMER:GVT OBLG Y

1.000

3.25%

(230.33)

0.00

(230.33)

0.00

Purchase

06/03/2026 31846V203

25,963.91 FIRST AMER:GVT OBLG Y

1.000

3.25%

(25,963.91)

0.00

(25,963.91)

0.00

Purchase

06/04/2026 31846V203

9,858.78 FIRST AMER:GVT OBLG Y

1.000

3.25%

(9,858.78)

0.00

(9,858.78)

0.00

Purchase

06/05/2026 31846V203

18,032.40 FIRST AMER:GVT OBLG Y

1.000

3.24%

(18,032.40)

0.00

(18,032.40)

0.00

Purchase

06/18/2026 31846V203

21,748.08 FIRST AMER:GVT OBLG Y

1.000

3.27%

(21,748.08)

0.00

(21,748.08)

0.00

Purchase

06/23/2026 31846V203

84,264.46 FIRST AMER:GVT OBLG Y

1.000

3.25%

(84,264.46)

0.00

(84,264.46)

0.00

Purchase

06/23/2026 921937835

6,790.00 VANGUARD TOT BD ETF

73.130

0.00%

(496,620.60)

0.00

(496,620.60)

0.00

Purchase

06/23/2026 922042676

755.00 VANGUARD GXUS RE ETF

44.720

0.00%

(33,771.15)

0.00

(33,771.15)

0.00

Purchase

06/23/2026 92203J407

1,410.00 VANGUARD TOT ITL BI ETF

48.290

0.00%

(68,103.00)

0.00

(68,103.00)

0.00

Purchase

06/23/2026 003261104

2,755.00 ABRDN:BBG AC STR K1 FREE

22.749

0.00%

(62,701.87)

0.00

(62,701.87)

0.00

Purchase

06/23/2026 46435U853

2,710.00 ISHARES:BRD USD HY CP BD

37.000

0.00%

(100,297.10)

0.00

(100,297.10)

0.00

Purchase

06/23/2026 464285204

940.00 ISHARES:GOLD TRUST

78.630

0.00%

(73,921.60)

0.00

(73,921.60)

0.00

Purchase

06/23/2026 33939L605

5,510.00 FLEXSHS:IB 5Y TD TIPS

23.670

0.00%

(130,476.80)

0.00

(130,476.80)

0.00

Purchase

06/26/2026 31846V203

7,275.18 FIRST AMER:GVT OBLG Y

1.000

3.26%

(7,275.18)

0.00

(7,275.18)

0.00

Purchase

06/30/2026 921943858

9,280.00 VANGUARD DEV MKT ETF

70.830

0.00%

(657,395.20)

0.00

(657,395.20)

0.00

Purchase

06/30/2026 922042858

7,035.00 VANGUARD EM ST I ETF

59.140

0.00%

(416,120.25)

0.00

(416,120.25)

0.00

Total Purchase

339,049.60

(2,341,272.17)

0.00

(2,341,272.17)

0.00

TOTAL ACQUISITIONS

339,049.60

(2,341,272.17)

0.00

(2,341,272.17)

0.00

25

TRANSACTION LEDGER
Western Municipal Water District VEBA Account | Account #254|04/01/2026 Through 06/30/2026|
Settlement
CUSIP
Date

Quantity Security Description

Price

Acq/Disp
Yield

Amount

Interest
Pur/Sold

Total Amount

Gain/Loss

Sale

04/01/2026 31846V203

(300.00) FIRST AMER:GVT OBLG Y

1.000

3.28%

300.00

0.00

300.00

0.00

Sale

04/02/2026 31846V203

(66,498.14) FIRST AMER:GVT OBLG Y

1.000

3.27%

66,498.14

0.00

66,498.14

0.00

Sale

04/08/2026 31846V203

(71,464.72) FIRST AMER:GVT OBLG Y

1.000

3.26%

71,464.72

0.00

71,464.72

0.00

Sale

04/27/2026 31846V203

(4,773.34) FIRST AMER:GVT OBLG Y

1.000

3.28%

4,773.34

0.00

4,773.34

0.00

Sale

05/01/2026 31846V203

(300.00) FIRST AMER:GVT OBLG Y

1.000

3.27%

300.00

0.00

300.00

0.00

Sale

05/12/2026 31846V203

(65,864.29) FIRST AMER:GVT OBLG Y

1.000

3.24%

65,864.29

0.00

65,864.29

0.00

Sale

05/14/2026 31846V203

(3,922.80) FIRST AMER:GVT OBLG Y

1.000

3.24%

3,922.80

0.00

3,922.80

0.00

Sale

06/08/2026 31846V203

(63,962.74) FIRST AMER:GVT OBLG Y

1.000

3.25%

63,962.74

0.00

63,962.74

0.00

Sale

06/09/2026 31846V203

(4,022.13) FIRST AMER:GVT OBLG Y

1.000

3.26%

4,022.13

0.00

4,022.13

0.00

Sale

06/23/2026 464287507

(890.00) ISHARES:CORE S&P MD-CP

76.178

0.00%

67,789.90

0.00

67,789.90

18,747.32

Sale

06/23/2026 922908553

(215.00) VANGUARD RE IDX ETF

96.608

0.00%

20,768.57

0.00

20,768.57

8,519.09

Sale

06/23/2026 921943858

(2,080.00) VANGUARD DEV MKT ETF

72.339

0.00%

150,443.30

0.00

150,443.30

68,944.07

Sale

06/23/2026 922908751

(205.00) VANGUARD S-C ID ETF

0.00%

61,006.74

0.00

61,006.74

36,187.39

Sale

06/23/2026 464287200

(755.00) ISHARES:CORE S&P 500

0.00%

564,939.76

0.00

564,939.76

Sale

06/23/2026 922042858

(2,815.00) VANGUARD EM ST I ETF

61.329

0.00%

172,612.24

0.00

172,612.24

67,462.37

Sale

06/24/2026 31846V203

(5,945.00) FIRST AMER:GVT OBLG Y

1.000

3.26%

5,945.00

0.00

5,945.00

0.00

Sale

06/30/2026 31846V203

(3,365.18) FIRST AMER:GVT OBLG Y

1.000

3.27%

3,365.18

0.00

3,365.18

0.00

Sale

06/30/2026 464287200

(1,435.00) ISHARES:CORE S&P 500

0.00%

1,067,563.47

0.00

1,067,563.47

Total Sale

2,395,542.32

0.00

2,395,542.32

TOTAL DISPOSITIONS

2,395,542.32

0.00

2,395,542.32

Transaction Type

DISPOSITIONS

OTHER TRANSACTIONS
Cash Transfer

04/01/2026 CCYUSD

(300.00) Cash

0.00%

(300.00)

0.00

(300.00)

0.00

Cash Transfer

04/02/2026 CCYUSD

(66,498.14) Cash

0.00%

(66,498.14)

0.00

(66,498.14)

0.00

Cash Transfer

04/08/2026 CCYUSD

(66,498.14) Cash

0.00%

(66,498.14)

0.00

(66,498.14)

0.00

26

TRANSACTION LEDGER
Western Municipal Water District VEBA Account | Account #254|04/01/2026 Through 06/30/2026|
Transaction Type

Settlement
CUSIP
Date

Amount

Interest
Pur/Sold

Cash Transfer

05/01/2026 CCYUSD

(300.00) Cash

Cash Transfer

05/12/2026 CCYUSD

(65,864.29) Cash

0.00%

(300.00)

0.00%

(65,864.29)

Cash Transfer

06/01/2026 CCYUSD

49,183.24 Cash

0.00%

Cash Transfer

06/08/2026 CCYUSD

(63,962.74) Cash

0.00%

Quantity Security Description

Price

Acq/Disp
Yield

Total Cash Transfer
Custody Fee

04/27/2026 CCYUSD

Total Custody Fee

(4,773.34) Cash

0.00%

(4,773.34)

Total Amount

Gain/Loss

0.00

(300.00)

0.00

0.00

(65,864.29)

0.00

49,183.24

0.00

49,183.24

0.00

(63,962.74)

0.00

(63,962.74)

0.00

(214,240.07)

0.00

(214,240.07)

0.00

(4,773.34)

0.00

(4,773.34)

0.00

(4,773.34)

0.00

(4,773.34)

0.00

Dividend

04/30/2026 31846V203

0.00 FIRST AMER:GVT OBLG Y

3.27%

287.20

0.00

287.20

0.00

Dividend

05/31/2026 31846V203

0.00 FIRST AMER:GVT OBLG Y

3.26%

230.33

0.00

230.33

0.00

Dividend

06/30/2026 31846V203

0.00 FIRST AMER:GVT OBLG Y

3.26%

382.86

0.00

382.86

0.00

900.39

0.00

900.39

0.00

Total Dividend

0.00

Equity Dividend

04/06/2026 921937835

0.00 VANGUARD TOT BD ETF

0.00%

23,482.75

0.00

23,482.75

0.00

Equity Dividend

04/06/2026 92203J407

0.00 VANGUARD TOT ITL BI ETF

0.00%

2,682.48

0.00

2,682.48

0.00

Equity Dividend

04/07/2026 46435U853

0.00 ISHARES:BRD USD HY CP BD

0.00%

10,846.42

0.00

10,846.42

0.00

Equity Dividend

04/07/2026 33939L605

0.00 FLEXSHS:IB 5Y TD TIPS

0.00%

3,528.36

0.00

3,528.36

0.00

Equity Dividend

05/05/2026 921937835

0.00 VANGUARD TOT BD ETF

0.00%

22,702.89

0.00

22,702.89

0.00

Equity Dividend

05/05/2026 92203J407

0.00 VANGUARD TOT ITL BI ETF

0.00%

2,704.09

0.00

2,704.09

0.00

Equity Dividend

05/06/2026 46435U853

0.00 ISHARES:BRD USD HY CP BD

0.00%

9,535.54

0.00

9,535.54

0.00

Equity Dividend

05/07/2026 33939L605

0.00 FLEXSHS:IB 5Y TD TIPS

0.00%

9,061.62

0.00

9,061.62

0.00

Equity Dividend

06/03/2026 921937835

0.00 VANGUARD TOT BD ETF

0.00%

23,223.80

0.00

23,223.80

0.00

Equity Dividend

06/03/2026 92203J407

0.00 VANGUARD TOT ITL BI ETF

0.00%

2,740.11

0.00

2,740.11

0.00

Equity Dividend

06/04/2026 46435U853

0.00 ISHARES:BRD USD HY CP BD

0.00%

9,858.78

0.00

9,858.78

0.00

Equity Dividend

06/05/2026 33939L605

0.00 FLEXSHS:IB 5Y TD TIPS

0.00%

18,032.40

0.00

18,032.40

0.00

Equity Dividend

06/18/2026 464287507

0.00 ISHARES:CORE S&P MD-CP

0.00%

2,929.07

0.00

2,929.07

0.00

Equity Dividend

06/18/2026 464287200

0.00 ISHARES:CORE S&P 500

0.00%

18,819.01

0.00

18,819.01

0.00

Equity Dividend

06/23/2026 921943858

0.00 VANGUARD DEV MKT ETF

0.00%

10,024.09

0.00

10,024.09

0.00

Equity Dividend

06/23/2026 922042858

0.00 VANGUARD EM ST I ETF

0.00%

2,571.98

0.00

2,571.98

0.00

27

TRANSACTION LEDGER
Western Municipal Water District VEBA Account | Account #254|04/01/2026 Through 06/30/2026|
Transaction Type

Settlement
CUSIP
Date

Equity Dividend

06/26/2026 922908553

Equity Dividend

06/30/2026 922908751

Total Equity Dividend

Acq/Disp
Yield

Amount

Interest
Pur/Sold

Total Amount

Gain/Loss

0.00 VANGUARD RE IDX ETF

0.00%

7,275.18

0.00

7,275.18

0.00

0.00 VANGUARD S-C ID ETF

0.00%

2,586.80

0.00

2,586.80

0.00

182,605.37

0.00

182,605.37

0.00

Quantity Security Description

Price

0.00

Management Fee

04/08/2026 CCYUSD

(3,916.58) Cash

0.00%

(3,916.58)

0.00

(3,916.58)

0.00

Management Fee

04/08/2026 CCYUSD

(1,050.00) Cash

0.00%

(1,050.00)

0.00

(1,050.00)

0.00

Management Fee

05/14/2026 CCYUSD

(3,922.80) Cash

0.00%

(3,922.80)

0.00

(3,922.80)

0.00

Management Fee

06/09/2026 CCYUSD

(4,022.13) Cash

0.00%

(4,022.13)

0.00

(4,022.13)

0.00

Management Fee

06/24/2026 CCYUSD

(5,945.00) Cash

0.00%

(5,945.00)

0.00

(5,945.00)

0.00

Total Management Fee

(18,856.51)

0.00

(18,856.51)

0.00

TOTAL OTHER TRANSACTIONS

(54,364.16)

0.00

(54,364.16)

0.00

28

IMPORTANT DISCLOSURES
2026 Chandler Asset Management, Inc, An Independent Registered Investment Adviser.
Information contained herein is confidential. Prices are provided by ICE Data Services Inc (“IDS”), an independent pricing source. In the event IDS does not provide a price or if the
price provided is not reflective of fair market value, Chandler will obtain pricing from an alternative approved third party pricing source in accordance with our written valuation
policy and procedures. Our valuation procedures are also disclosed in Item 5 of our Form ADV Part 2A.
Performance results are presented gross-of-advisory fees and represent the client’s Total Return. The deduction of advisory fees lowers performance results. These results include
the reinvestment of dividends and other earnings. Past performance may not be indicative of future results. Therefore, clients should not assume that future performance of any
specific investment or investment strategy will be profitable or equal to past performance levels. All investment strategies have the potential for profit or loss. Economic factors,
market conditions or changes in investment strategies, contributions or withdrawals may materially alter the performance and results of your portfolio.
Index returns assume reinvestment of all distributions. Historical performance results for investment indexes generally do not reflect the deduction of transaction and/or
custodial charges or the deduction of an investment management fee, the incurrence of which would have the effect of decreasing historical performance results. It is not
possible to invest directly in an index.
Source ICE Data Indices, LLC (“ICE”), used with permission. ICE permits use of the ICE indices and related data on an “as is” basis; ICE, its affiliates and their respective third party
suppliers disclaim any and all warranties and representations, express and or implied, including any warranties of merchantability or fitness for a particular purpose or use,
including the indices, index data and any data included in, related to, or derived therefrom. Neither ICE data, its affiliates or their respective third party providers guarantee the
quality, adequacy, accuracy, timeliness or completeness of the indices or the index data or any component thereof, and the indices and index data and all components thereof
are provided on an “as is” basis and licensee’s use it at licensee’s own risk. ICE data, its affiliates and their respective third party do not sponsor, endorse, or recommend chandler
asset management, or any of its products or services.
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
current market conditions and are subject to change. This report may contain forecasts and forward-looking statements which are inherently limited and should not be relied
upon as indicator of future results. Past performance is not indicative of future results. This report is not intended to constitute an offer, solicitation, recommendation or advice
regarding any securities or investment strategy and should not be regarded by recipients as a substitute for the exercise of their own judgment.
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.
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.
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.
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.
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.

29

PERIODIC TABLE OF ASSET CLASS RETURNS DISCLOSURES

▪

US Large Cap Stocks – Standard & Poor’s (S&P) 500 – The S&P 500 is a market value weighted
index of the 500 largest market capitalization stocks that trade on U.S. exchanges.

▪

US Mid Cap Stocks – Standard & Poor’s (S&P) Mid Cap 400 – The S&P Mid Cap 400 is a market
capitalization weighted index that measures the performance of mid-capitalization U.S. traded
stocks.

▪

US Small Cap Stocks – Center for Research in Security Prices (CRSP) US Small Cap – The CRSP US
Small Cap Index is a market capitalization weighted index that measures the performance of small
capitalization U.S. stocks.

▪

International Stocks – Morgan Stanley Capital International (MSCI) World ex USA Net – The MSCI
World ex USA Index is a market capitalization weighted index of large and mid-cap stocks from the
developed markets, excluding the U.S.

▪

Emerging Market Stocks – Morgan Stanley Capital International (MSCI) Emerging Markets Net –
The MSCI Emerging Markets Index is a market capitalization weighted index that captures equity
performance of large and mid-cap stocks from emerging market countries.

▪

U.S. Real Estate – FTSE EPRA Nareit Developed REITs USA – The FTSE EPRA Nareit Developed
REITs USA Index includes Real Estate Investment Trusts (REITs) publicly traded in the U.S.

▪

International Real Estate – FTSE EPRA Nareit Developed ex US REITs Net – The FTSE EPRA Nareit
Developed ex US REITs Index includes Real Estate Investment Trusts (REITs) publicly traded in
developed markets, excluding the U.S.

▪

US Core Bonds – ICE BofA US Broad Market – The ICE BofA US Broad Market Index is a broad
measure of U.S. investment grade bond performance that includes U.S. Treasuries, agencies,
corporates, mortgage, and securitized products.

▪

US High Yield Bonds – ICE BofA US High Yield – The ICE BofA High Yield Bond Index measures the
market performance of USD-denominated, non-investment grade, fixed-rate, taxable corporate
bonds.

▪

International Bonds – Bloomberg Global Aggregate ex USD – The Bloomberg Global Aggregate ex
USD Index is an investment grade multi-currency benchmark that includes treasury, governmentrelated, corporate and securitized fixed-rate bonds from developed and emerging markets issuers.
Bonds issued in USD are excluded.

Source ICE Data Indices, LLC ("ICE"), used with permission. ICE permits the use of ICE Indices and related data
on an “as is” basis; ICE, its affiliates and their respective third party suppliers disclaim any and all
warranties and representation, express and/or implied, including any warranties of merchantability or
fitness for a particular purpose or use, including the indices, index data and any data included in, related to,
or derived therefrom. Neither ICE data, its affiliates or their respective third-party providers guarantee the
quality, adequacy, accuracy, timeliness or completeness of the indices or the index data or any component
thereof, and the indices and index data and all components thereof are provided on an “as is” basis and
licensee’s use is at licensee’s own risk. ICE data, its affiliates and their respective third party do not sponsor,
endorse, or recommend Chandler, or any of its products or services.
Bloomberg® and Bloomberg Barclays Global Aggregate ex-USD Total Return Index Value Unhedged USD are
service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited
("BISL"), the administrator of the index (collectively, "Bloomberg") and have been licensed for use for certain
purposes by Chandler Asset Management Inc. Bloomberg is not affiliated with Chandler Asset Management
Inc., and Bloomberg does not approve, endorse, review, or recommend this product. Bloomberg does not
guarantee the timeliness, accurateness, or completeness of any data or information relating to this product.
Morgan Stanley Capital International® (MSCI), the MSCI indices are service marks of Morgan Stanley Capital
International and its affiliates, and have been licensed for use for certain purposes by Chandler Asset
Management Inc. MSCI is not affiliated with Chandler Asset Management Inc., and MSCI does not approve,
endorse, review, or recommend these products. MSCI does not guarantee the timeliness, accurateness, or
completeness of any data or information relating to these products.
Disclosure: This report is provided for informational purposes only and should not be construed as 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.
Past performance is not indicative of future results. This report is not intended to constitute an offer,
solicitation, recommendation or advice regarding any securities or investment strategy and should not be
regarded by recipients as a substitute for the exercise of their own judgement.
All investments contain risk and may lose value. Fixed income investments are subject to interest rate,
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. International: Non-US markets may be more volatile due to a variety of factors including less
liquidity, transparency and oversight of companies and assets. Values of non-US investments may fluctuate
due to changes in currency exchange rates. Non-US companies are also subject to risks that come with
political and economic stability that may affect their respective countries. These risks may be greater in
emerging market countries. Equities: Investments on equities are subject to risks from stock market
fluctuations that occur in response to economic and business developments.

▪ Diversified Commodities – Bloomberg Commodity Index – The Bloomberg Commodity Index
tracks the price movement of a diversified basket of commodities. Commodity weights are
determined by world production and trading volume, with single commodity and sector
concentration limits. The index consists of futures contracts across energy, agriculture, metals,
and livestock sectors.

30

BENCHMARK DISCLOSURES

Benchmark

Disclosure

35% S&P 500 TR, 40% ICE Corp Gov
& Mtg Index, 25% MSCI EAFE NTR Monthly Rebalancing

The S&P 500 is a market value weighted index of 500 large-capitalization stocks. The 500 companies included in the index capture
approximately 80% of available US market capitalization.
The MSCI EAFE International Equity Index is a market capitalization weighted index that captures international equity performance of
large- and mid-cap stocks in the developed stock markets of Europe, Australasia, and the Far East.
The ICE BofA US Corporate, Government & Mortgage Index tracks the performance of US dollar denominated investment grade debt
publicly issued in the US domestic market, including US Treasuries, quasi-governments, corporates, covered bonds and residential
mortgage pass-throughs. Non-residential mortgage collateralized debt such as commercial mortgage backed securities and asset
backed securities are excluded from this index, as are all collateralized mortgage obligations. Most qualifying securities must have an
investment grade rating (based on an average of Moody’s, S&P and Fitch). They must also have at least one year remaining term to final
maturity, at least 18 months to final maturity at point of issuance and a fixed coupon schedule. Amounts outstanding for qualifying US
Treasuries must be at least $1 billion; US agencies, foreign governments, supranationals, corporates and covered bonds must have at
least $250 million outstanding. Qualifying residential mortgage pass-through securities include fixed rate securities publicly issued by
US agencies. 30-year, 20-year and 15-year fixed rate mortgage pools must have at least one year remaining term to final maturity and
a minimum amount outstanding of at least $5 billion per generic coupon and $250 million per production year within each generic
coupon.

54% MSCI ACWI IMI NTR, 6% FTSE
EPRA Nareit Global REITs NTR, 40%
ICE BofA US Broad Market Index

The MSCI ACWI IMI USD Net Total Return Index captures large, mid and small cap representation across 23 Developed Market and 23
Emerging Market countries.
FTSE EPRA Nareit Global REITs Net Total Return Index measures the net-of-tax total return, using maximum tax rates for non-domiciled
investors, stated in US dollar terms, of the size- and liquidity-screened stocks in both developed and emerging markets of the publicly
traded real estate companies which qualify for REIT status under the tax law in the country of domicile.
ICE BofA US Broad Market Index tracks the performance of US dollar denominated investment grade debt publicly issued in the US
domestic market, including US Treasury, quasi-government, corporate, securitized and collateralized securities. With the exception of
local currency sovereign debt, qualifying securities must have an investment grade rating (based on an average of Moody’s, S&P and
Fitch). In addition, qualifying securities must have at least one year remaining term to final maturity, at least 18 months to final maturity
at point of issuance and a fixed coupon schedule. Callable perpetual securities qualify provided they are at least one year from the first
call date. Fixed-to-floating rate securities also qualify provided they are callable within the fixed rate period and are at least one year
from the last call prior to the date the bond transitions from a fixed to a floating rate security.

31

Attachment 4

INVESTMENT REPORT
WMWD Section 115 Account | As of June 30, 2026

CHANDLER ASSET MANAGEMENT | chandlerasset.com

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

TABLE OF CONTENTS
ECONOMIC UPDATE
ACCOUNT PROFILE

PORTFOLIO HOLDINGS
TRANSACTIONS

1

ECONOMIC UPDATE

2

SECOND QUARTER 2026
U.S. equity markets staged a broad recovery in the second quarter of 2026, more than reversing the correction that unsettled investors in March
following the breakout of war with Iran. The S&P 500 gained 15.2% on a total return basis, its strongest quarterly result since 2020, as easing
geopolitical tensions and renewed enthusiasm for artificial intelligence infrastructure lifted sentiment. The turning point came in early April, when
the United States and Iran agreed to a ceasefire that halted the conflict that began in late February and closed the Strait of Hormuz. As expectations
increased for shipping traffic through the strait to gradually resume, the energy supply shock that defined the first quarter began to unwind, and the
fear premium that lifted oil and safe haven assets faded.
The macroeconomic backdrop remained more complicated than the equity rally alone would suggest. Inflation reaccelerated over the first half of
the year, with headline consumer prices rising 4.2% year over year as of the May reading, reflecting the combined pressure of earlier tariff
measures and the spring energy spike. Against that backdrop, the Federal Reserve held its policy rate at 3.50% to 3.75% for a fourth consecutive
meeting. The June gathering was the first led by new Chair Kevin Warsh, and the accompanying projections marked a clear shift, as several officials
penciled in a rate increase before year end and pushed anticipated cuts into 2027 and beyond. During the press conference, Warsh also repeatedly
stressed the Committee’s commitment to price stability. Investors responded by repricing the front end of the yield curve higher.
The stock market rally was broad across market capitalizations, with small and mid cap stocks returning 16.0% and 14.5%, respectively, and small
caps outpacing the large cap benchmark. Within the S&P 500, however, the largest companies pulled ahead, and the cap weighted index outpaced
its equal weighted counterpart by 3.8%, a reversal of the first quarter pattern driven by technology and communication services names.
International markets participated in the rally but trailed the United States, with emerging markets the notable exception as Taiwan and other
technology heavy markets posted strong gains. Fixed income delivered modest positive returns as credit spreads tightened, while commodities gave
back a portion of their first quarter advance and finished as the weakest broad asset class. Real estate rebounded alongside equities, led by a
recovery in U.S. office and residential property.
For diversified investors, the quarter offered a useful reminder that market leadership can shift quickly and that concentration cuts in both
directions. The same technology exposure that lagged during the first quarter rotation powered much of the second quarter recovery, while the
commodities and safe haven assets that cushioned earlier volatility reversed course. With inflation still elevated, monetary policy in flux under new
leadership, and geopolitical risk reduced but still simmering, we continue to believe a disciplined allocation across regions and asset classes remains
the most reliable path to durable long term returns. The Multi Asset Class Strategy is positioned to capture those returns while managing the risks
that an uncertain environment presents.

3

ASSET CLASS RETURNS
As of June 30, 2026

12 Month

Total Return (%)
YTD

QTD

S&P 500
S&P MidCap 400
CRSP US Small Cap
MSCI World ex USA Net
MSCI Emerging Market Net

22.3
25.9
29.5
21.0
43.5

10.2
17.3
18.2
9.2
23.8

15.2
14.5
16.0
10.2
24.1

Real Estate
US Real Estate
International Real Estate

FTSE EPRA Nareit Developed REITs USA
FTSE EPRA Nareit Developed ex US REIT Net

21.1
2.6

17.6
-2.0

12.2
2.6

Fixed Income
US Core Bonds
US High Yield
US TIPS
International Bonds

ICE BofA US Broad Market Index
ICE BofA US High Yield Index
Bloomberg US TIPS Index
Bloomberg Global Aggregate ex USD

3.8
5.7
3.4
2.6

0.8
1.9
1.2
1.6

0.7
2.5
0.9
1.8

Commodities
Diversified Commodities
Gold

Bloomberg Commodity Index Total Return
Gold Spot Price

25.5
21.3

14.4
-7.2

-8.1
-14.1

Strategy Benchmark
Global Equity
Global REITs
US Fixed Income
Strategy Benchmark

MSCI ACWI IMI Net
FTSE EPRA Nareit Global REIT Net Total Return USD
ICE BofA US Broad Market Index
54% Global Equity, 6% Global REITS, 40% US Fixed Income

24.2
15.0
3.8
15.3

11.8
11.6
0.8
7.4

14.9
10.7
0.7
8.9

Asset Class
Equities
US Large Cap
US Mid Cap
US Small Cap
International
Emerging Markets

Source: Bloomberg

Index

4

GLOBAL ECONOMY
As of June 30, 2026

US Dollar Index

G4 Central Bank Policy Rates
6.0%
5.0%
4.0%

US Fed: 3.63%

US Dollar Index (DXY): 101.19

ECB: 2.25%

115

BOE: 3.75%

110

BOJ: 0.98%

3.0%
Rate

120

105
100

2.0%

95

1.0%

90

0.0%

85

-1.0%

80

Source: Bloomberg

Source: Bloomberg

Global economic activity held up over the second quarter, though the outlook remained clouded by the aftermath of the Iran conflict and persistent
policy uncertainty. Business surveys pointed to continued expansion in the United States, where the S&P Global Manufacturing Purchasing
Managers' Index climbed to 55.7 in June and the services and composite readings held above 50 at 51.3 and 52.2, respectively. Manufacturing
sentiment improved as energy supply concerns eased, even as elevated input prices and tariff related costs weighed on margins. Major central
banks turned more hawkish as the energy shock lifted inflation. The European Central Bank raised its key rates by 0.25% in June to a 2.25% deposit
rate, its first hike since 2023, while the Federal Reserve held steady and the Bank of Japan continued its gradual normalization.
After a weak 2025, the U.S. currency gained ground, supported by the Fed's firmer rate outlook and a relative growth advantage. The U.S. Dollar
Index rose 1.2% to 101.19, the euro eased to $1.14, and the Japanese yen weakened to 162.55 per dollar. For U.S. investors holding international
assets, a stronger dollar reduced the value of foreign returns once translated back into dollars, a reminder that currency movements can appreciably
affect outcomes. This environment reinforces the case for global diversification paired with an awareness of the currency exposure embedded in
international allocations.
5

US UNEMPLOYMENT
As of June 30, 2026

US Unemployment Rate
25%

US Inflation
7.0%

Recession
US Unemployment Rate: 4.2%

15%

US Underemployment Rate:
7.9%

6.0%
5.0%
YoY Change

20%

10%
5%

Recession
US Core CPI YoY % Change:
2.9%
US Core PCE YoY % Change:
3.4%

4.0%
3.0%
2.0%
1.0%

0%

0.0%

Source: US Department of Labor

Source: US Department of Labor

The labor market proved more resilient than many had feared entering the year. After a soft patch in late 2025, payroll growth recovered, with nonfarm employment rising 57,000 in June and the unemployment rate at 4.2%, little changed over the prior twelve months. Job openings measured by
the Job Openings and Labor Turnover Survey climbed to 7.6 million, while the labor force participation rate eased to 61.8%. Initial jobless claims
stayed low and below 230,000 all quarter, and steady hiring alongside firm wage gains gave the Federal Reserve room to keep its focus on prices
rather than employment.
Inflation, however, moved in the wrong direction. Headline consumer prices rose 4.2% year over year as of May, up from 2.7% at the end of 2025,
while core prices excluding food and energy increased 2.9%. The Personal Consumption Expenditures price index, the measure the Fed watches
most closely, increased 4.1%, with the core reading at 3.4%. Producer prices and import prices accelerated more sharply, climbing 6.5% and 6.7%
year over year respectively, reflecting the pass through of earlier tariff measures alongside the spring energy shock. This combination of steady
employment and firming inflation supported the Federal Reserve's decision to hold rates steady and to signal a more cautious path ahead.

6

GLOBAL STOCK MARKETS
As of June 30, 2026

Index
MSCI ACWI IMI Net
S&P 500
S&P 500 Equal Weighted
S&P MidCap 400
CRSP US Small Cap
MSCI World ex USA Net
MSCI Emerging Market Net

Region
World
US
US
US
US
Developed Markets, ex-US
Emerging Markets

12 Month
24.2
22.3
19.2
25.9
29.5
21.0
43.5

Total Return (%)
YTD
11.8
10.2
12.1
17.3
18.2
9.2
23.8

QTD
14.9
15.2
11.4
14.5
16.0
10.2
24.1

Source: Bloomberg

Global equities advanced 14.9% in the second quarter, with the United States leading developed markets. The S&P 500 returned 15.2%, its strongest
quarter since 2020, as the artificial intelligence investment theme regained momentum. Gains reached across the size spectrum, as mid and small
cap stocks climbed 14.5% and 16.0% respectively, with small caps outpacing the large cap benchmark. Within the S&P 500, returns skewed toward
the largest members, and the cap weighted index outpaced the equal weighted version, which gained 11.4%. Information technology led all sectors
with a 31.7%1 gain, while energy fell 13.4%1 as oil prices retreated. Among the biggest companies, Alphabet advanced 24.3% and Broadcom added
22.0%, though results were uneven, as Microsoft was roughly flat and Meta Platforms slipped 1.5%.
International markets rallied but trailed the United States, partially due to the U.S. dollar headwind. Developed markets outside the United States
produced a 10.2% gain, with Europe up 10.9%2 and Japan up 14.2%2. Emerging markets stood out with a 24.1% gain, led by Taiwan, which advanced
48.9%2 on strength in its semiconductor sector. Chinese stocks declined 6.6%2 and India added 10.1%2. Despite the strength of the dollar,
international stocks still had very good returns. The quarter underscored both the reward and risk of concentration, reinforcing the value of holding a
diversified portfolio of regions and market segments through shifting leadership.
1 S&P 500 Sector Indices
2 MSCI Indices

7

GLOBAL BOND MARKET
As of June 30, 2026

US Treasury Yield Curve

Global 10-Year Rates

5.5%

6.0%
5.0%

5.0%

US: 4.47%
Germany: 2.86%
Japan: 2.68%

4.0%

4.5%

China: 1.73%

3.0%
2.0%

4.0%

1.0%
Jun-26
Mar-26

3.5%

Jun-25

3.0%

Source: Bloomberg

0.0%
-1.0%

Source: Bloomberg

The Federal Reserve held the federal funds rate at 3.50% to 3.75% for a fourth consecutive meeting, leaving the effective rate near 3.63%. The June
meeting was the first under new Chair Kevin Warsh, and updated projections signaled a more hawkish path, as several policymakers anticipated a
rate increase before year end and shifted expected cuts into 2027 and beyond. Treasury yields rose across the curve, concentrated at the front end.
The 2-year yield increased 0.38% to 4.18% and the 5-year climbed 0.29% to 4.23%. The 10-year added 0.15% to 4.47%. As a result, the curve
flattened, with the spread between the 10-year and 2-year yields narrowing 0.23% to 0.29%.
Despite rising yields, fixed income produced positive returns as credit spreads tightened in the risk on environment. The ICE BofA U.S. Broad Market
Index returned 0.7%, the U.S. Treasury index gained 0.3%, and the investment grade and high yield corporate indices returned 1.4% and 2.5%,
respectively. Overseas, German ten year yields fell 0.14% to 2.86% and U.K. gilts declined 0.16% to 4.76%, while Japanese yields continued to rise,
adding 0.33% to 2.68%. Bond market volatility, measured by the MOVE index, declined as rate expectations settled. High quality bonds continued to
offer durable income and a stabilizing role within diversified portfolios.

8

REAL ESTATE
As of June 30, 2026

Dividend Yield

Total Return (%)
Index
FTSE EPRA Nareit Global REIT Net Total
Return USD
FTSE EPRA Nareit Developed REITs USA
Total Return
FTSE EPRA Nareit Developed ex US REIT
Net Total Return

12 Month

YTD

QTD

6.5%

15.0

11.6

10.7

6.0%

21.1

17.6

12.2

5.5%

2.6

-2.0

2.6

5.0%
4.5%

US Real Estate Sectors

4.0%

FTSE NAREIT Health Care

39.9

20.2

14.1

FTSE NAREIT Retail

26.9

19.5

12.3

FTSE NAREIT Industrial

27.6

8.4

5.7

3.0%

FTSE NAREIT Data Center

25.6

33.2

7.5

2.5%

FTSE NAREIT Residetial

1.2

7.5

14.7

2.0%

FTSE NAREIT Telecommunications
FTSE NAREIT Office
Source: Bloomberg

-23.0

-7.5

-3.1

4.6

12.4

34.7

3.5%
US: 3.62%
Developed, ex-US: 4.26%

Source: Bloomberg; FTSE EPRA Nareit Developed REITs USA, FTSE EPRA Nareit Developed ex
US REIT

Real estate investment trusts rebounded with the broader equity market. Global REITs returned 10.7% in the second quarter, and U.S. REITs led with
a 12.2% gain, outperforming their developed international counterparts, which produced 2.6%. This reversed a stretch of U.S. underperformance and
was driven by a recovery in the office sector, up 34.7% after a weak first quarter, along with gains in residential, health care, and retail properties of
14.7%, 14.1%, and 12.3%, respectively. Data center REITs added 7.5%, extending a longer run of strength tied to demand for artificial intelligence
infrastructure, while retail and residential names benefited from resilient consumer demand and limited new construction.
Several factors supported the sector. Bond market volatility declined over the quarter, easing pressure on rate sensitive property types, and
improving risk appetite lifted valuations broadly. For U.S. based investors, dollar strength reduced returns on international holdings, which
contributed to the wide gap between domestic and foreign REIT performance. Income remained central to the case for real estate, with dividend
yields that generally exceed those of the broader equity market. For long term investors, REITs continue to offer a combination of current income,
diversification, and exposure to durable demand themes such as digital infrastructure.
9

COMMODITY MARKETS
As of June 30, 2026

Bloomberg Commodity Index

Oil

150
140

140
WTI Front Month: $69.50

BCOM: 123.18

120

130

Brent Front Month: $72.92

100

120
$ / Bbl

110

100
90
80

80
60
40

70
60

20

50

0

Source: Bloomberg

Source: Bloomberg

Commodities reversed much of their first quarter advance and finished as the weakest broad asset class. The Bloomberg Commodity Index declined
8.1% in the second quarter. Energy drove the retreat, with the energy subindex down 13.3% as the war premium unwound. West Texas Intermediate
crude fell 31.4% to $69.50 per barrel and Brent dropped 38.4% to $72.92, returning to levels last seen before the conflict began, after the April
ceasefire and expectations increased for the reopening of the Strait of Hormuz. Precious metals gave back gains as recent momentum followers
exited the trade. Global central banks, however, continue to drive long term demand. The precious metals subindex was off 14.9% with gold lower by
14.1% to $4,008 per ounce and silver down 22.0% to $58.60.
Not all commodities weakened. Industrial metals edged higher, and copper climbed 10.3% to $6.19 per pound, supported by demand tied to artificial
intelligence data centers and electrification. Natural gas gained 13.6%, while agricultural commodities were modestly lower as supply concerns
eased. Even after the second quarter pullback, commodities remained higher over the trailing twelve months, reflecting the lasting effect of the
earlier supply shock. For diversified portfolios, commodities continue to serve as a useful hedge against inflation and geopolitical disruption, even as
their quarter to quarter returns can fluctuate.
10

ACCOUNT PROFILE

11

OBJECTIVES

Investment Objectives
The Western Municipal Water District Section 115 Trust’s investment objective is to grow the
portfolio over the long-term. The Trust will assume an appropriate level of risk to preserve,
grow, and pay benefits to the beneficiaries.

Chandler Asset Management Performance Objective
The performance objective is to achieve an annual rate of return on its
portfolio which meets the long-term actuarial liability.
Strategy
In order to achieve its objective, we invest the Trusts' funds in a well diversified
portfolio of assets including but not limited to stocks, bonds, commodities and REIT's.

12

STATEMENT OF COMPLIANCE
WMWD Section 115 Account | Account #11534 | As of June 30, 2026
Limit

Actual

Compliance
Status

Max % Issuer (MV)

5.0

0.0

Compliant

Min Rating (A-1+, P-1 or F-1+ by 1)

0.0

0.0

Compliant

Max % (MV)

5.0

0.2

Compliant

Min % (MV)

0.0

0.2

Compliant

Max % (MV)

5.0

3.9

Compliant

Min % (MV)

0.0

3.9

Compliant

Max % Issuer (MV)

5.0

0.0

Compliant

Min Rating (BBB- by 1)

0.0

0.0

Compliant

Max % (MV)

70.0

45.0

Compliant

Min % (MV)

30.0

45.0

Compliant

Max % (MV)

70.0

38.4

Compliant

Min % (MV)

30.0

38.4

Compliant

Max %

15.0

4.5

Compliant

Min % (MV)

0.0

4.5

Compliant

Max % (MV)

35.0

17.8

Compliant

Min % (MV)

0.0

17.8

Compliant

Max % (MV)

5.0

3.0

Compliant

Min % (MV)

0.0

3.0

Compliant

5.0

0.0

Compliant

Rules Name

Notes

BANKERS' ACCEPTANCES

CASH

COMMODITIES

CORPORATE MEDIUM TERM NOTES

EQUITIES

FIXED INCOME

INTERNATIONAL BONDS

INTERNATIONAL EQUITIES

INTERNATIONAL REAL ESTATE

NON- AGENCY ASSET-BACKED SECURITIES (ABS)
Max % Issuer (MV)

13

STATEMENT OF COMPLIANCE
WMWD Section 115 Account | Account #11534 | As of June 30, 2026
Rules Name

Limit

Actual

Compliance
Status

Min Rating (AAA by 1)

0.0

0.0

Compliant

Max % Issuer (MV)

5.0

0.0

Compliant

Min Rating (AAA by 1)

0.0

0.0

Compliant

Max % (MV)

15.0

6.0

Compliant

Min % (MV)

0.0

6.0

Compliant

0.0

0.0

Compliant

Max % (MV)

70.0

27.2

Compliant

Min % (MV)

15.0

27.2

Compliant

Max % (MV)

70.0

33.9

Compliant

Min % (MV)

30.0

33.9

Compliant

Max % (MV)

15.0

6.8

Compliant

Min % (MV)

0.0

6.8

Compliant

Max % (MV)

70.0

33.6

Compliant

Min % (MV)

30.0

33.6

Compliant

Max % (MV)

15.0

3.0

Compliant

Min % (MV)

0.0

3.0

Compliant

Notes

NON-AGENCY MORTGAGE-BACKED SECURITIES, CMOS

REAL ESTATE

SUPRANATIONAL OBLIGATIONS
Min Rating (AA- by 1)

U.S. EQUITIES

U.S. FIXED INCOME

U.S. HIGH YIELD BONDS

U.S. INVESTMENT GRADE BONDS

U.S. REAL ESTATE

14

PERIODIC TABLE OF ASSET CLASS RETURNS
As of June 30, 2026
2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

YTD 2026

US Mid Cap
Stocks
20.7%

Emerging Market
Stocks
37.3%

International
Bonds
3.2%

US Large Cap
Stocks
31.5%

US Small Cap
Stocks
19.1%

US Real Estate
42.8%

Diversified
Commodities
16.1%

US Large Cap
Stocks
26.3%

US Large Cap
Stocks
25.0%

Emerging Market
Stocks
33.6%

Emerging Market
Stocks
23.8%

US Small Cap
Stocks
18.3%

International
Stocks
24.2%

US Core Bonds
0.0%

US Small Cap
Stocks
27.3%

US Large Cap
Stocks
18.4%

US Large Cap
Stocks
28.7%

International
Bonds
-9.8%

US Small Cap
Stocks
18.1%

US Small Cap
Stocks
14.2%

International
Stocks
31.9%

US Small Cap
Stocks
18.2%

US High Yield
Bonds
17.5%

US Large Cap
Stocks
21.8%

US High Yield
Bonds
-2.3%

US Mid Cap
Stocks
26.2%

Emerging Market
Stocks
18.3%

Diversified
Commodities
27.1%

US High Yield
Bonds
-11.2%

International
Stocks
17.9%

US Mid Cap
Stocks
13.9%

International Real
Estate
25.2%

US Real Estate
17.6%

US Large Cap
Stocks
12.0%

International Real
Estate
20.0%

US Real Estate
-3.9%

US Real Estate
24.3%

US Mid Cap
Stocks
13.7%

US Mid Cap
Stocks
24.8%

US Mid Cap
Stocks
-13.1%

US Mid Cap
Stocks
16.4%

US High Yield
Bonds
8.2%

US Large Cap
Stocks
17.9%

US Mid Cap
Stocks
17.3%

Diversified
Commodities
11.8%

US Mid Cap
Stocks
16.2%

US Large Cap
Stocks
-4.4%

International
Stocks
22.5%

International
Stocks
7.6%

US Small Cap
Stocks
17.7%

US Core Bonds
-13.2%

US High Yield
Bonds
13.5%

US Real Estate
7.9%

Diversified
Commodities
15.8%

Diversified
Commodities
14.4%

Emerging Market
Stocks
11.2%

US Small Cap
Stocks
16.2%

International Real
Estate
-6.4%

International Real
Estate
21.0%

US Core Bonds
7.6%

International
Stocks
12.6%

International
Stocks
-14.3%

US Real Estate
13.3%

Emerging Market
Stocks
7.5%

US Small Cap
Stocks
8.8%

US Large Cap
Stocks
10.2%

US Real Estate
7.6%

US High Yield
Bonds
7.5%

US Small Cap
Stocks
-9.3%

Emerging Market
Stocks
18.4%

US High Yield
Bonds
6.2%

International Real
Estate
8.1%

US Small Cap
Stocks
-17.6%

Emerging Market
Stocks
9.8%

Diversified
Commodities
5.4%

US High Yield
Bonds
8.5%

International
Stocks
9.2%

International
Bonds
4.9%

US Real Estate
3.9%

US Mid Cap
Stocks
-11.1%

US High Yield
Bonds
14.4%

International
Bonds
3.9%

US High Yield
Bonds
5.4%

US Large Cap
Stocks
-18.1%

International
Bonds
8.3%

International
Bonds
5.0%

US Mid Cap
Stocks
7.5%

US High Yield
Bonds
1.9%

International
Stocks
2.7%

US Core Bonds
3.6%

Diversified
Commodities
-11.2%

US Core Bonds
8.9%

Diversified
Commodities
-3.1%

International
Bonds
-1.4%

Emerging Market
Stocks
-20.1%

International Real
Estate
6.3%

International
Stocks
4.7%

US Core Bonds
7.1%

International
Bonds
1.6%

US Core Bonds
2.6%

International
Bonds
2.5%

International
Stocks
-14.1%

Diversified
Commodities
7.7%

International Real
Estate
-7.1%

US Core Bonds
-1.6%

International Real
Estate
-24.3%

US Core Bonds
5.4%

US Core Bonds
1.5%

International
Bonds
2.8%

US Core Bonds
0.8%

International Real
Estate
1.3%

Diversified
Commodities
1.7%

Emerging Market
Stocks
-14.6%

International
Bonds
7.6%

US Real Estate
-9.6%

Emerging Market
Stocks
-2.5%

US Real Estate
-24.8%

Diversified
Commodities
-7.9%

International Real
Estate
-8.4%

US Real Estate
2.7%

International Real
Estate
-2.0%

Index returns as of 06/30/2026. Past performance is not indicative of future results. Index returns assume reinvestment of all distributions and do not reflect fees or expenses. It is not possible to invest directly in an
index. This information is not intended to constitute an offer, solicitation, recommendation, or advice regarding securities or investment strategy. Please see attached Asset Class Disclosure.

15

CURRENT ASSET ALLOCATION
WMWD Section 115 Account | Account #11534 | As of June 30, 2026
Asset Allocation

Country Allocation

Market Value

% Held

Country

Equity

11,870,054.10

45.03%

United States

Bonds

11,828,340.55

44.87%

Japan

Real Estate (REIT)

1,587,845.10

6.02%

Taiwan

Commodities

1,020,614.95

3.87%

China

Cash

52,531.51

0.20%

Canada

Total

26,359,386.21

100.00%

United Kingdom
India

Regional Allocation

Region

% held

Region

% held

North America

70.56%

North America

72.88%

Asia

3.19%

Asia Pacific

12.41%

Asia

3.04%

Western Europe

8.19%

Asia

2.51%

Central Asia

1.58%

North America

1.88%

Africa / Middle East

1.35%

Europe

1.78%

South & Central America

0.65%

Asia

1.58%

Eastern Europe

0.41%

Germany

Europe

1.25%

Other

2.53%

France

Europe

1.25%

Total

100.00%

Australia

Australia

1.16%

Other

Various

11.80%

Total

100.00%

16

CHANGE IN PORTFOLIO HOLDINGS
WMWD Section 115 Account | Account #11534 | As of June 30, 2026

June 30, 2026

Cash

March 31, 2026

Change

Market Value

% Held

Market Value

% Held

Market Value

% Held

52,531.51

0.20%

123,637.48

0.50%

(71,105.97)

(0.30)

Commodities

1,020,614.95

3.87%

997,393.65

4.03%

23,221.30

(0.16)

Equity

11,870,054.10

45.03%

11,201,051.75

45.25%

669,002.35

(0.22)

Real Estate (REIT)

1,587,845.10

6.02%

1,491,624.75

6.03%

96,220.35

(0.00)

Bonds

11,828,340.55

44.87%

10,937,725.70

44.19%

890,614.85

0.68%

17

CHANGE IN PORTFOLIO HOLDINGS DETAIL
WMWD Section 115 Account | Account #11534 | As of June 30, 2026
June 30, 2026

March 31, 2026

Change

Market Value

% Held

Market Value

% Held

Market Value

% Held

Core Bonds

7,146,830.55

27.11%

6,633,491.20

26.80%

513,339.35

0.31%

US TIPS

1,708,587.60

6.48%

1,533,396.00

6.20%

175,191.60

0.29%

Intl Bonds

1,190,409.40

4.52%

1,106,591.50

4.47%

83,817.90

0.05%

US Bonds

1,782,513.00

6.76%

1,664,247.00

6.72%

118,266.00

0.04%

Total Bonds

11,828,340.55

44.87%

10,937,725.70

44.19%

890,614.85

0.68%

51,958.84

0.20%

123,096.47

0.50%

(71,137.63)

(0.30)

Cash

572.67

0.00%

541.01

0.00%

31.66

(0.00)

Total Cash

52,531.51

0.20%

123,637.48

0.50%

(71,105.97)

(0.30)

Commodities

1,020,614.95

3.87%

997,393.65

4.03%

23,221.30

(0.16)

Total Commodities

1,020,614.95

3.87%

997,393.65

4.03%

23,221.30

(0.16)

Intl Equity

2,342,700.00

8.89%

1,633,078.80

6.60%

709,621.20

2.29%

Emrging Mkts

2,350,293.75

8.92%

1,877,697.00

7.59%

472,596.75

1.33%

Mid Cap

1,086,094.35

4.12%

1,001,469.90

4.05%

84,624.45

0.07%

Small Cap

848,736.00

3.22%

780,521.60

3.15%

68,214.40

0.07%

Large Cap

5,242,230.00

19.89%

5,908,284.45

23.87%

(666,054.45)

(3.98)

Total Equity

11,870,054.10

45.03%

11,201,051.75

45.25%

669,002.35

(0.22)

Intl RE

795,190.50

3.02%

749,649.25

3.03%

45,541.25

(0.01)

Real Estate

792,654.60

3.01%

741,975.50

3.00%

50,679.10

0.01%

Total Real Estate (REIT)

1,587,845.10

6.02%

1,491,624.75

6.03%

96,220.35

(0.00)

TOTAL PORTFOLIO

26,359,386.21

100.00%

24,751,433.33

100.00%

1,607,952.88

(0.00)

BONDS

CASH
Money Mkt Fd

COMMODITIES

EQUITY

REAL ESTATE (REIT)

18

INVESTMENT PERFORMANCE
WMWD Section 115 Account | Account #11534 | As of June 30, 2026
Total Rate of Return: Inception | 02/01/2026

TOTAL RATE OF RETURN*
WMWD Section 115 Account

3 Months

12 Months

2 Years

3 Years

5 Years

10 Years

Since Inception

6.56%

Benchmark

8.25%

Secondary Benchmark

8.91%

*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
and unrealized gains and losses in the portfolio.
19
Benchmark: 35% S&P 500 TR, 40% ICE Corp Gov & Mtg Index, 25% MSCI EAFE NTR - Monthly Rebalancing
Secondary Benchmark: 54% MSCI ACWI IMI NTR, 6% FTSE EPRA Nareit Global REITs NTR, 40% ICE BofA US Broad Market Index

PORTFOLIO HOLDINGS

20

HOLDINGS REPORT
WMWD Section 115 Account | Account #11534 | As of June 30, 2026
Cusip

Security Description

Par Value/
Units

Cost Value

Book Value

Mkt
Price

Market Value

Accrued Int.

572.67

572.67

572.67

1.00

572.67

0.00

572.67

572.67

572.67

1.00

572.67

0.00

% of Port.
Gain/Loss

CASH
CCYUSD

Receivable

Total Cash

0.00%
0.00
0.00%
0.00

COMMODITIES
003261104

ABRDN:BBG AC STR K1 FREE

23,090.00

473,648.02

473,648.02

22.34

515,830.60

0.00

1.96%
42,182.58

464285204

ISHARES:GOLD TRUST

6,685.00

567,594.70

567,594.70

75.51

504,784.35

0.00

1.92%
(62,810.35)

29,775.00

1,041,242.72

1,041,242.72

48.64

1,020,614.95

0.00

39,375.00

2,217,274.80

2,217,274.80

59.69

2,350,293.75

0.00

39,375.00

2,217,274.80

2,217,274.80

59.69

2,350,293.75

0.00

24,580.00

1,193,201.80

1,193,201.80

48.43

1,190,409.40

0.00

24,580.00

1,193,201.80

1,193,201.80

48.43

1,190,409.40

0.00

32,880.00

2,188,209.20

2,188,209.20

71.25

2,342,700.00

0.00

Total Commodities

3.87%
(20,627.77)

EMERGING MARKET
EQUITY
922042858

VANGUARD EM ST I ETF

Total Emerging Market
Equity

8.92%
133,018.95
8.92%
133,018.95

INTERNATIONAL
BONDS
92203J407

VANGUARD TOT ITL BI ETF

Total International
Bonds

4.52%
(2,792.40)
4.52%
(2,792.40)

INTERNATIONAL
EQUITY
921943858

VANGUARD DEV MKT ETF

8.89%
154,490.80

21

HOLDINGS REPORT
WMWD Section 115 Account | Account #11534 | As of June 30, 2026
Cusip

Security Description

Total International
Equity

Par Value/
Units

Cost Value

Book Value

Mkt
Price

Market Value

Accrued Int.

32,880.00

2,188,209.20

2,188,209.20

71.25

2,342,700.00

0.00

17,730.00

833,567.10

833,567.10

44.85

795,190.50

0.00

17,730.00

833,567.10

833,567.10

44.85

795,190.50

0.00

7,000.00

4,844,255.19

4,844,255.19

748.89

5,242,230.00

0.00

7,000.00

4,844,255.19

4,844,255.19

748.89

5,242,230.00

0.00

14,085.00

985,828.75

985,828.75

77.11

1,086,094.35

0.00

14,085.00

985,828.75

985,828.75

77.11

1,086,094.35

0.00

51,958.84

51,958.84

51,958.84

1.00

51,958.84

0.00

51,958.84

51,958.84

51,958.84

1.00

51,958.84

0.00

% of Port.
Gain/Loss
8.89%
154,490.80

INTERNATIONAL REAL
ESTATE
922042676

VANGUARD GXUS RE ETF

Total International Real
Estate

3.02%
(38,376.60)
3.02%
(38,376.60)

LARGE CAP US
EQUITY
464287200

ISHARES:CORE S&P 500

Total Large Cap US
Equity

19.89%
397,974.81
19.89%
397,974.81

MID CAP US EQUITY
464287507

ISHARES:CORE S&P MD-CP

Total Mid Cap US
Equity

4.12%
100,265.60
4.12%
100,265.60

MONEY MARKET
FUND
31846V567
Total Money Market
Fund

FIRST AMER:GVT OBLG Z

0.20%
0.00
0.20%
0.00

REAL ESTATE

22

HOLDINGS REPORT
WMWD Section 115 Account | Account #11534 | As of June 30, 2026
Cusip

Security Description

Par Value/
Units

Cost Value

Book Value

Mkt
Price

Market Value

Accrued Int.

922908553

VANGUARD RE IDX ETF

8,220.00

754,875.90

754,875.90

96.43

792,654.60

0.00

8,220.00

754,875.90

754,875.90

96.43

792,654.60

0.00

2,800.00

770,884.92

770,884.92

303.12

848,736.00

0.00

2,800.00

770,884.92

770,884.92

303.12

848,736.00

0.00

97,355.00

7,220,533.50

7,220,533.50

73.41

7,146,830.55

0.00

97,355.00

7,220,533.50

7,220,533.50

73.41

7,146,830.55

0.00

48,150.00

1,757,637.00

1,757,637.00

37.02

1,782,513.00

0.00

48,150.00

1,757,637.00

1,757,637.00

37.02

1,782,513.00

0.00

71,880.00

1,720,562.40

1,720,562.40

23.77

1,708,587.60

0.00

71,880.00

1,720,562.40

1,720,562.40

23.77

1,708,587.60

0.00

Total Real Estate

% of Port.
Gain/Loss
3.01%
37,778.70
3.01%
37,778.70

SMALL CAP US
EQUITY
922908751

VANGUARD S-C ID ETF

Total Small Cap US
Equity

3.22%
77,851.08
3.22%
77,851.08

US CORE BONDS
921937835

VANGUARD TOT BD ETF

Total US Core Bonds

27.11%
(73,702.95)
27.11%
(73,702.95)

US HIGH YIELD
BONDS
46435U853

ISHARES:BRD USD HY CP BD

Total US High Yield
Bonds

6.76%
24,876.00
6.76%
24,876.00

US TIPS
33939L605

Total US TIPS

FLEXSHS:IB 5Y TD TIPS

6.48%
(11,974.80)
6.48%
(11,974.80)

23

HOLDINGS REPORT
WMWD Section 115 Account | Account #11534 | As of June 30, 2026
Cusip

Total Portfolio
Total Market Value +
Accrued

Security Description

Par Value/
Units

Cost Value

446,361.51

25,580,604.79

Mkt
Price

Market Value

Accrued Int.

25,580,604.79 205.80

26,359,386.21

0.00

Book Value

% of Port.
Gain/Loss
100.00%
778,781.42

26,359,386.21

24

TRANSACTIONS

25

TRANSACTION LEDGER
WMWD Section 115 Account | Account #11534|04/01/2026 Through 06/30/2026|
Transaction Type

Settlement
CUSIP
Date

Quantity Security Description

Price

Acq/Disp
Yield

Amount

Interest
Pur/Sold

Total Amount

Gain/Loss

ACQUISITIONS
Purchase

04/02/2026 31846V567

541.01 FIRST AMER:GVT OBLG Z

1.000

3.53%

(541.01)

0.00

(541.01)

0.00

Purchase

04/06/2026 31846V567

25,093.89 FIRST AMER:GVT OBLG Z

1.000

3.54%

(25,093.89)

0.00

(25,093.89)

0.00

Purchase

04/07/2026 31846V567

13,928.15 FIRST AMER:GVT OBLG Z

1.000

3.54%

(13,928.15)

0.00

(13,928.15)

0.00

Purchase

05/04/2026 31846V567

444.82 FIRST AMER:GVT OBLG Z

1.000

3.53%

(444.82)

0.00

(444.82)

0.00

Purchase

05/05/2026 31846V567

24,366.69 FIRST AMER:GVT OBLG Z

1.000

3.51%

(24,366.69)

0.00

(24,366.69)

0.00

Purchase

05/06/2026 31846V567

9,145.81 FIRST AMER:GVT OBLG Z

1.000

3.51%

(9,145.81)

0.00

(9,145.81)

0.00

Purchase

05/07/2026 31846V567

9,053.08 FIRST AMER:GVT OBLG Z

1.000

3.51%

(9,053.08)

0.00

(9,053.08)

0.00

Purchase

06/02/2026 31846V567

557.31 FIRST AMER:GVT OBLG Z

1.000

3.52%

(557.31)

0.00

(557.31)

0.00

Purchase

06/03/2026 31846V567

24,900.81 FIRST AMER:GVT OBLG Z

1.000

3.51%

(24,900.81)

0.00

(24,900.81)

0.00

Purchase

06/04/2026 31846V567

9,455.85 FIRST AMER:GVT OBLG Z

1.000

3.51%

(9,455.85)

0.00

(9,455.85)

0.00

Purchase

06/05/2026 31846V567

18,015.40 FIRST AMER:GVT OBLG Z

1.000

3.51%

(18,015.40)

0.00

(18,015.40)

0.00

Purchase

06/18/2026 31846V567

20,860.39 FIRST AMER:GVT OBLG Z

1.000

3.53%

(20,860.39)

0.00

(20,860.39)

0.00

Purchase

06/23/2026 921937835

7,275.00 VANGUARD TOT BD ETF

73.130

0.00%

(532,093.50)

0.00

(532,093.50)

0.00

Purchase

06/23/2026 33939L605

8,280.00 FLEXSHS:IB 5Y TD TIPS

23.670

0.00%

(196,070.40)

0.00

(196,070.40)

0.00

Purchase

06/23/2026 922042676

865.00 VANGUARD GXUS RE ETF

44.720

0.00%

(38,691.45)

0.00

(38,691.45)

0.00

Purchase

06/23/2026 92203J407

1,550.00 VANGUARD TOT ITL BI ETF

48.290

0.00%

(74,865.00)

0.00

(74,865.00)

0.00

Purchase

06/23/2026 46435U853

2,975.00 ISHARES:BRD USD HY CP BD

37.000

0.00%

(110,104.75)

0.00

(110,104.75)

0.00

Purchase

06/23/2026 003261104

2,825.00 ABRDN:BBG AC STR K1 FREE

22.749

0.00%

(64,295.02)

0.00

(64,295.02)

0.00

Purchase

06/23/2026 464285204

955.00 ISHARES:GOLD TRUST

78.630

0.00%

(75,101.20)

0.00

(75,101.20)

0.00

Purchase

06/26/2026 31846V567

7,031.39 FIRST AMER:GVT OBLG Z

1.000

3.53%

(7,031.39)

0.00

(7,031.39)

0.00

Purchase

06/30/2026 922042858

7,080.00 VANGUARD EM ST I ETF

59.140

0.00%

(418,782.00)

0.00

(418,782.00)

0.00

Purchase

06/30/2026 921943858

9,205.00 VANGUARD DEV MKT ETF

70.830

0.00%

(652,082.20)

0.00

(652,082.20)

0.00

Total Purchase

204,404.60

(2,325,480.12)

0.00

(2,325,480.12)

0.00

TOTAL ACQUISITIONS

204,404.60

(2,325,480.12)

0.00

(2,325,480.12)

0.00

DISPOSITIONS

26

TRANSACTION LEDGER
WMWD Section 115 Account | Account #11534|04/01/2026 Through 06/30/2026|
Transaction Type

Settlement
CUSIP
Date

Quantity Security Description

Price

Acq/Disp
Yield

Amount

Interest
Pur/Sold

Total Amount

Gain/Loss

Sale

04/09/2026 31846V567

(3,157.16) FIRST AMER:GVT OBLG Z

1.000

3.51%

3,157.16

0.00

3,157.16

0.00

Sale

04/30/2026 31846V567

(6,774.68) FIRST AMER:GVT OBLG Z

1.000

3.54%

6,774.68

0.00

6,774.68

0.00

Sale

05/14/2026 31846V567

(3,170.91) FIRST AMER:GVT OBLG Z

1.000

3.51%

3,170.91

0.00

3,170.91

0.00

Sale

06/09/2026 31846V567

(3,278.21) FIRST AMER:GVT OBLG Z

1.000

3.52%

3,278.21

0.00

3,278.21

0.00

Sale

06/23/2026 31846V567

FIRST AMER:GVT OBLG Z

1.000

3.52%

183,870.54

0.00

183,870.54

0.00

Sale

06/23/2026 922908751

(180.00) VANGUARD S-C ID ETF

0.00%

53,566.90

0.00

53,566.90

3,951.70

Sale

06/23/2026 464287200

(655.00) ISHARES:CORE S&P 500

0.00%

490,113.30

0.00

490,113.30

35,268.20

Sale

06/23/2026 922042858

(2,445.00) VANGUARD EM ST I ETF

61.329

0.00%

149,924.31

0.00

149,924.31

13,395.51

Sale

06/23/2026 464287507

(745.00) ISHARES:CORE S&P MD-CP

76.178

0.00%

56,745.48

0.00

56,745.48

4,582.44

Sale

06/23/2026 922908553

(145.00) VANGUARD RE IDX ETF

96.608

0.00%

14,006.71

0.00

14,006.71

682.66

Sale

06/23/2026 921943858

(1,810.00) VANGUARD DEV MKT ETF

72.339

0.00%

130,914.60

0.00

130,914.60

13,318.90

Sale

06/30/2026 31846V567

(34,280.73) FIRST AMER:GVT OBLG Z

1.000

3.53%

34,280.73

0.00

34,280.73

0.00

Sale

06/30/2026 464287200

(1,390.00) ISHARES:CORE S&P 500

0.00%

1,034,085.87

0.00

1,034,085.87

68,842.07

Total Sale

2,163,889.40

0.00

2,163,889.40

TOTAL DISPOSITIONS

2,163,889.40

0.00

2,163,889.40

OTHER TRANSACTIONS
Management Fee

04/09/2026 CCYUSD

(3,157.16) Cash

0.00%

(3,157.16)

0.00

(3,157.16)

0.00

Management Fer

05/14/2026 CCYUSD

(3,170.91) Cash

0.00%

(3,170.91)

0.00

(3,170.91)

0.00

Management Fee

06/09/2026 CCYUSD

(3,278.21) Cash

0.00%

(3,278.21)

0.00

(3,278.21)

0.00

(9,606.28)

0.00

(9,606.28)

0.00

(6,774.68)

0.00

(6,774.68)

0.00

(6,774.68)

0.00

(6,774.68)

0.00

Total Management Fee
Custody Fee

(9,606.28)
04/30/2026 CCYUSD

Total Custody Fee

(6,774.68) Cash

0.00%

(6,774.68)

Dividend

04/30/2026 31846V567

0.00 FIRST AMER:GVT OBLG Z

3.54%

444.82

0.00

444.82

0.00

Dividend

05/31/2026 31846V567

0.00 FIRST AMER:GVT OBLG Z

3.52%

557.31

0.00

557.31

0.00

Dividend

06/30/2026 31846V567

0.00 FIRST AMER:GVT OBLG Z

3.53%

572.67

0.00

572.67

0.00

1,574.80

0.00

1,574.80

0.00

Total Dividend

0.00

27

TRANSACTION LEDGER
WMWD Section 115 Account | Account #11534|04/01/2026 Through 06/30/2026|
Transaction Type

Settlement
CUSIP
Date

Acq/Disp
Yield

Amount

Interest
Pur/Sold

Total Amount

Gain/Loss

Equity Dividend

04/06/2026 921937835

Equity Dividend

04/06/2026 92203J407

0.00 VANGUARD TOT BD ETF

0.00%

22,521.44

0.00

22,521.44

0.00

0.00 VANGUARD TOT ITL BI ETF

0.00%

2,572.45

0.00

2,572.45

0.00

Equity Dividend

04/07/2026 33939L605

0.00 FLEXSHS:IB 5Y TD TIPS

0.00%

3,525.03

0.00

3,525.03

0.00

Equity Dividend

04/07/2026 46435U853

0.00 ISHARES:BRD USD HY CP BD

0.00%

10,403.12

0.00

10,403.12

0.00

Equity Dividend

05/05/2026 921937835

0.00 VANGUARD TOT BD ETF

0.00%

21,773.51

0.00

21,773.51

0.00

Equity Dividend

05/05/2026 92203J407

0.00 VANGUARD TOT ITL BI ETF

0.00%

2,593.18

0.00

2,593.18

0.00

Equity Dividend

05/06/2026 46435U853

0.00 ISHARES:BRD USD HY CP BD

0.00%

9,145.81

0.00

9,145.81

0.00

Equity Dividend

05/07/2026 33939L605

0.00 FLEXSHS:IB 5Y TD TIPS

0.00%

9,053.08

0.00

9,053.08

0.00

Equity Dividend

06/03/2026 921937835

0.00 VANGUARD TOT BD ETF

0.00%

22,273.09

0.00

22,273.09

0.00

Equity Dividend

06/03/2026 92203J407

0.00 VANGUARD TOT ITL BI ETF

0.00%

2,627.72

0.00

2,627.72

0.00

Equity Dividend

06/04/2026 46435U853

0.00 ISHARES:BRD USD HY CP BD

0.00%

9,455.85

0.00

9,455.85

0.00

Equity Dividend

06/05/2026 33939L605

0.00 FLEXSHS:IB 5Y TD TIPS

0.00%

18,015.40

0.00

18,015.40

0.00

Equity Dividend

06/18/2026 464287200

0.00 ISHARES:CORE S&P 500

0.00%

18,050.68

0.00

18,050.68

0.00

Equity Dividend

06/18/2026 464287507

0.00 ISHARES:CORE S&P MD-CP

0.00%

2,809.71

0.00

2,809.71

0.00

Equity Dividend

06/23/2026 922042858

0.00 VANGUARD EM ST I ETF

0.00%

2,466.54

0.00

2,466.54

0.00

Equity Dividend

06/23/2026 921943858

0.00 VANGUARD DEV MKT ETF

0.00%

9,612.94

0.00

9,612.94

0.00

Equity Dividend

06/26/2026 922908553

0.00 VANGUARD RE IDX ETF

0.00%

7,031.39

0.00

7,031.39

0.00

Equity Dividend

06/30/2026 922908751

0.00 VANGUARD S-C ID ETF

0.00%

2,497.60

0.00

2,497.60

0.00

176,428.54

0.00

176,428.54

0.00

161,622.38

0.00

161,622.38

0.00

Total Equity Dividend
TOTAL OTHER TRANSACTIONS

Quantity Security Description

0.00

Price

28

IMPORTANT DISCLOSURES
2026 Chandler Asset Management, Inc, An Independent Registered Investment Adviser.
Information contained herein is confidential. Prices are provided by ICE Data Services Inc (“IDS”), an independent pricing source. In the event IDS does not provide a price or if the
price provided is not reflective of fair market value, Chandler will obtain pricing from an alternative approved third party pricing source in accordance with our written valuation
policy and procedures. Our valuation procedures are also disclosed in Item 5 of our Form ADV Part 2A.
Performance results are presented gross-of-advisory fees and represent the client’s Total Return. The deduction of advisory fees lowers performance results. These results include
the reinvestment of dividends and other earnings. Past performance may not be indicative of future results. Therefore, clients should not assume that future performance of any
specific investment or investment strategy will be profitable or equal to past performance levels. All investment strategies have the potential for profit or loss. Economic factors,
market conditions or changes in investment strategies, contributions or withdrawals may materially alter the performance and results of your portfolio.
Index returns assume reinvestment of all distributions. Historical performance results for investment indexes generally do not reflect the deduction of transaction and/or
custodial charges or the deduction of an investment management fee, the incurrence of which would have the effect of decreasing historical performance results. It is not
possible to invest directly in an index.
Source ICE Data Indices, LLC (“ICE”), used with permission. ICE permits use of the ICE indices and related data on an “as is” basis; ICE, its affiliates and their respective third party
suppliers disclaim any and all warranties and representations, express and or implied, including any warranties of merchantability or fitness for a particular purpose or use,
including the indices, index data and any data included in, related to, or derived therefrom. Neither ICE data, its affiliates or their respective third party providers guarantee the
quality, adequacy, accuracy, timeliness or completeness of the indices or the index data or any component thereof, and the indices and index data and all components thereof
are provided on an “as is” basis and licensee’s use it at licensee’s own risk. ICE data, its affiliates and their respective third party do not sponsor, endorse, or recommend chandler
asset management, or any of its products or services.
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
current market conditions and are subject to change. This report may contain forecasts and forward-looking statements which are inherently limited and should not be relied
upon as indicator of future results. Past performance is not indicative of future results. This report is not intended to constitute an offer, solicitation, recommendation or advice
regarding any securities or investment strategy and should not be regarded by recipients as a substitute for the exercise of their own judgment.
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.
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.
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.
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.
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.

29

PERIODIC TABLE OF ASSET CLASS RETURNS DISCLOSURES

▪

US Large Cap Stocks – Standard & Poor’s (S&P) 500 – The S&P 500 is a market value weighted
index of the 500 largest market capitalization stocks that trade on U.S. exchanges.

▪

US Mid Cap Stocks – Standard & Poor’s (S&P) Mid Cap 400 – The S&P Mid Cap 400 is a market
capitalization weighted index that measures the performance of mid-capitalization U.S. traded
stocks.

▪

US Small Cap Stocks – Center for Research in Security Prices (CRSP) US Small Cap – The CRSP US
Small Cap Index is a market capitalization weighted index that measures the performance of small
capitalization U.S. stocks.

▪

International Stocks – Morgan Stanley Capital International (MSCI) World ex USA Net – The MSCI
World ex USA Index is a market capitalization weighted index of large and mid-cap stocks from the
developed markets, excluding the U.S.

▪

Emerging Market Stocks – Morgan Stanley Capital International (MSCI) Emerging Markets Net –
The MSCI Emerging Markets Index is a market capitalization weighted index that captures equity
performance of large and mid-cap stocks from emerging market countries.

▪

U.S. Real Estate – FTSE EPRA Nareit Developed REITs USA – The FTSE EPRA Nareit Developed
REITs USA Index includes Real Estate Investment Trusts (REITs) publicly traded in the U.S.

▪

International Real Estate – FTSE EPRA Nareit Developed ex US REITs Net – The FTSE EPRA Nareit
Developed ex US REITs Index includes Real Estate Investment Trusts (REITs) publicly traded in
developed markets, excluding the U.S.

▪

US Core Bonds – ICE BofA US Broad Market – The ICE BofA US Broad Market Index is a broad
measure of U.S. investment grade bond performance that includes U.S. Treasuries, agencies,
corporates, mortgage, and securitized products.

▪

US High Yield Bonds – ICE BofA US High Yield – The ICE BofA High Yield Bond Index measures the
market performance of USD-denominated, non-investment grade, fixed-rate, taxable corporate
bonds.

▪

International Bonds – Bloomberg Global Aggregate ex USD – The Bloomberg Global Aggregate ex
USD Index is an investment grade multi-currency benchmark that includes treasury, governmentrelated, corporate and securitized fixed-rate bonds from developed and emerging markets issuers.
Bonds issued in USD are excluded.

Source ICE Data Indices, LLC ("ICE"), used with permission. ICE permits the use of ICE Indices and related data
on an “as is” basis; ICE, its affiliates and their respective third party suppliers disclaim any and all
warranties and representation, express and/or implied, including any warranties of merchantability or
fitness for a particular purpose or use, including the indices, index data and any data included in, related to,
or derived therefrom. Neither ICE data, its affiliates or their respective third-party providers guarantee the
quality, adequacy, accuracy, timeliness or completeness of the indices or the index data or any component
thereof, and the indices and index data and all components thereof are provided on an “as is” basis and
licensee’s use is at licensee’s own risk. ICE data, its affiliates and their respective third party do not sponsor,
endorse, or recommend Chandler, or any of its products or services.
Bloomberg® and Bloomberg Barclays Global Aggregate ex-USD Total Return Index Value Unhedged USD are
service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited
("BISL"), the administrator of the index (collectively, "Bloomberg") and have been licensed for use for certain
purposes by Chandler Asset Management Inc. Bloomberg is not affiliated with Chandler Asset Management
Inc., and Bloomberg does not approve, endorse, review, or recommend this product. Bloomberg does not
guarantee the timeliness, accurateness, or completeness of any data or information relating to this product.
Morgan Stanley Capital International® (MSCI), the MSCI indices are service marks of Morgan Stanley Capital
International and its affiliates, and have been licensed for use for certain purposes by Chandler Asset
Management Inc. MSCI is not affiliated with Chandler Asset Management Inc., and MSCI does not approve,
endorse, review, or recommend these products. MSCI does not guarantee the timeliness, accurateness, or
completeness of any data or information relating to these products.
Disclosure: This report is provided for informational purposes only and should not be construed as 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.
Past performance is not indicative of future results. This report is not intended to constitute an offer,
solicitation, recommendation or advice regarding any securities or investment strategy and should not be
regarded by recipients as a substitute for the exercise of their own judgement.
All investments contain risk and may lose value. Fixed income investments are subject to interest rate,
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. International: Non-US markets may be more volatile due to a variety of factors including less
liquidity, transparency and oversight of companies and assets. Values of non-US investments may fluctuate
due to changes in currency exchange rates. Non-US companies are also subject to risks that come with
political and economic stability that may affect their respective countries. These risks may be greater in
emerging market countries. Equities: Investments on equities are subject to risks from stock market
fluctuations that occur in response to economic and business developments.

▪ Diversified Commodities – Bloomberg Commodity Index – The Bloomberg Commodity Index
tracks the price movement of a diversified basket of commodities. Commodity weights are
determined by world production and trading volume, with single commodity and sector
concentration limits. The index consists of futures contracts across energy, agriculture, metals,
and livestock sectors.

30

BENCHMARK DISCLOSURES

Benchmark

Disclosure

35% S&P 500 TR, 40% ICE Corp Gov
& Mtg Index, 25% MSCI EAFE NTR Monthly Rebalancing

The S&P 500 is a market value weighted index of 500 large-capitalization stocks. The 500 companies included in the index capture
approximately 80% of available US market capitalization.
The MSCI EAFE International Equity Index is a market capitalization weighted index that captures international equity performance of
large- and mid-cap stocks in the developed stock markets of Europe, Australasia, and the Far East.
The ICE BofA US Corporate, Government & Mortgage Index tracks the performance of US dollar denominated investment grade debt
publicly issued in the US domestic market, including US Treasuries, quasi-governments, corporates, covered bonds and residential
mortgage pass-throughs. Non-residential mortgage collateralized debt such as commercial mortgage backed securities and asset
backed securities are excluded from this index, as are all collateralized mortgage obligations. Most qualifying securities must have an
investment grade rating (based on an average of Moody’s, S&P and Fitch). They must also have at least one year remaining term to final
maturity, at least 18 months to final maturity at point of issuance and a fixed coupon schedule. Amounts outstanding for qualifying US
Treasuries must be at least $1 billion; US agencies, foreign governments, supranationals, corporates and covered bonds must have at
least $250 million outstanding. Qualifying residential mortgage pass-through securities include fixed rate securities publicly issued by
US agencies. 30-year, 20-year and 15-year fixed rate mortgage pools must have at least one year remaining term to final maturity and
a minimum amount outstanding of at least $5 billion per generic coupon and $250 million per production year within each generic
coupon.

54% MSCI ACWI IMI NTR, 6% FTSE
EPRA Nareit Global REITs NTR, 40%
ICE BofA US Broad Market Index

The MSCI ACWI IMI USD Net Total Return Index captures large, mid and small cap representation across 23 Developed Market and 23
Emerging Market countries.
FTSE EPRA Nareit Global REITs Net Total Return Index measures the net-of-tax total return, using maximum tax rates for non-domiciled
investors, stated in US dollar terms, of the size- and liquidity-screened stocks in both developed and emerging markets of the publicly
traded real estate companies which qualify for REIT status under the tax law in the country of domicile.
ICE BofA US Broad Market Index tracks the performance of US dollar denominated investment grade debt publicly issued in the US
domestic market, including US Treasury, quasi-government, corporate, securitized and collateralized securities. With the exception of
local currency sovereign debt, qualifying securities must have an investment grade rating (based on an average of Moody’s, S&P and
Fitch). In addition, qualifying securities must have at least one year remaining term to final maturity, at least 18 months to final maturity
at point of issuance and a fixed coupon schedule. Callable perpetual securities qualify provided they are at least one year from the first
call date. Fixed-to-floating rate securities also qualify provided they are callable within the fixed rate period and are at least one year
from the last call prior to the date the bond transitions from a fixed to a floating rate security.

31

Agenda Item: 5D
Date: October 7, 2026
TO: THE BOARD OF DIRECTORS
Laura Roughton, President
Fauzia Rizvi, Vice President
Brenda Dennstedt, Secretary-Treasurer
Gracie Torres
Mike Gardner
FROM: Craig D. Miller, P.E., General Manager

RECEIVE AND FILE THE JUNE AND JULY 2026 CASH DISBURSEMENT
REPORTS
RECOMMENDATION:
The Finance Committee and Staff recommend the Board of Directors:
1. Receive and file the June 2026 Cash Disbursement Report; and
2. Receive and file the July 2026 Cash Disbursement Report.
EXECUTIVE SUMMARY:
The Cash Disbursement Report lists each check, bank transfer (wire), and electronic
payment processed during June and July 2026, excluding employee payroll
disbursements.
BUDGET IMPACT:
This item has no budget impact.
DETAIL:
Western Municipal Water District’s (Western Water) Cash Disbursement Report is
prepared monthly and details the payment date, reference number, invoice number,

Western Water | 14205 Meridian Parkway, Riverside | 951.571.7100 | WesternWaterCA.gov

Western Water | Regular Board Meeting
October 7, 2026
Agenda Item: 5D
payee, amount and a short description of each expenditure. The major expenses in the
report include purchased water, capital projects, debt service, contract services, utilities,
employee benefits, maintenance, materials and supplies.
June 2026:
Western Water’s total disbursements for June 2026 were approximately $12.2 million. Of
this amount, $2.6 million, or 21%, was paid to Metropolitan Water District (MWD) for water
purchases, while $787,000, or 6%, was paid to San Diego County Water Authority
(SDCWA). When combined with water-purchase payments to the City of Riverside,
Elsinore Valley Municipal Water District, and Eastern Municipal Water District, total waterpurchases represent approximately 35% of June’s total disbursements.
Although purchases from MWD typically account for a larger proportional share of total
disbursements, this period reflects a lower amount due to MWD’s call for Western Water
to utilize pre-purchased supplies through the Reverse Cyclic Program (RCP). The April
MWD invoice, paid in June, was reduced by $4.3 million from the RCP credit. As a
reminder, this pre-purchased water was secured at the 2024 MWD rate of $1,256 per
acre-foot (AF). When these supplies are called, Western Water avoids paying the current
MWD rate of $1,528 per AF.
Excluding water purchases, the three largest disbursements in June were: 1) a $1.5
million payment to the State Water Resources Control Board for the Clean Water State
Revolving Fund annual debt service payment; 2) a $951,000 payment to the vendor
WEKA, Inc for costs related to the 1269 Sewer Force Main Replacement Project; and 3)
a $562,000 payment to Jurupa Community Services District for the WRCRWA Regional
Pump Station shared construction costs.
July 2026:
Western Water’s total disbursements for July 2026 were approximately $21 million. Of
this amount, $8.9 million, or 42%, was paid MWD for water purchases, while $2.9 million,
or 14%, was paid to SDCWA. When combined with water-purchase payments to the City
of Riverside, Elsinore Valley Municipal Water District, and Eastern Municipal Water
District, total water-purchases represent approximately 60% of July’s total disbursements.
The May MWD invoice, which was paid in July, was reduced by approximately $1.1 million
through the application of RCP credits. This reduction represents the final use of prepaid
water inventory available under the RCP program.

Western Water | 14205 Meridian Parkway, Riverside | 951.571.7100 | WesternWaterCA.gov

Western Water | Regular Board Meeting
October 7, 2026
Agenda Item: 5D
Excluding water purchases, the three largest disbursements in July were: 1) a $983,000
payment to the Chino Basin Desalter Authority for administration, variable and fixed
project costs; 2) a $477,000 payment to the vendor WEKA, Inc for costs related to the
1269 Sewer Force Main Replacement Project; and 3) a $443,000 payment to Santa Ana
Watershed Project Authority for monthly fixed and variable charges related to industrial
wastewater discharges into the Inland Empire Brine Line.
REASON FOR ACTION:
Reporting monthly cash disbursements provides information and transparency to the
Board of Directors and the public regarding Western Water’s expenses.
SOLUTION:
Receive and file the June and July 2026 Cash Disbursement Reports.
WESTERN WATER’S ASPIRATIONS REFERENCE:
This item aligns with Western Water’s 2036 Aspiration of Excellence in Fiscal
Stewardship.
LEGAL COUNSEL REVIEW:
Staff has determined that review by legal counsel is not warranted.
Respectfully submitted by:
Craig D. Miller, P.E., General Manager

Attachments:
1. Cash Disbursement Report – June 2026
2. Cash Disbursement Report – July 2026

Western Water | 14205 Meridian Parkway, Riverside | 951.571.7100 | WesternWaterCA.gov

Attachment 1

Cash Disbursement Report
Company: 10

Cash Code: 10, 19

06/01/2026 to 06/30/2026

Check #

Type

Check Date

Vendor

Vendor Name

0564

WIR

06/01/2026

2180

MERRILL LYNCH WORLD HEADQUARTER

Invoice

Invoice Date

Comment

Amount

54010208

06/01/2026

WIRE TRANSFER - REVENUE BONDS SWAP COLLATERAL PAYMENT

$3,473.32

7235

US BANK NATIONAL ASSOCIATE

Invoice

Invoice Date

Comment

Amount

060126

06/01/2026

WIRE TRANSFER - VEBA RETIREE MEDICAL NOVEMBER 25- JUNE 26

$49,483.24

7235

US BANK NATIONAL ASSOCIATE

Invoice

Invoice Date

Comment

Amount

3256453

06/01/2026

DEBT SERVICE - REVENUE BOND SERIES 2022A

$15,891.29

062240

06229544

101783

101786

101787

101788

8/19/2026

WIR

WIR

ACH

06/01/2026

06/01/2026

Amount
$3,473.32

$49,483.24

107935

ACCENTURE INFRASTRUCTURE AND CAPITAL PROJECTS INC

Invoice Date

Comment

Amount

39978

05/14/2026

CONSTRUCTION INSPECTION SERVICES - LIFT STATION 1269 FORCE MAIN REPLACEMENT PROJECT

$52,780.00

9033

ALEXANDER'S CONTRACT SERVICES INC

Invoice

Invoice Date

Comment

Amount

107180

05/11/2026

CUSTOMER METER READING SERVICES

$522.50

107181

05/11/2026

CUSTOMER METER SERVICES - TURN ON/OFF SERVICES

$1,687.95

10367

ARDURRA GROUP, INC.

Invoice

Invoice Date

Comment

Amount

185158

05/14/2026

PROFESSIONAL SERVICES - W-317 JEFFERSON AVE INTERCONNECTION

$66,755.75

107725

ATMOSPHERIC ANALYSIS AND CONSULTING, INC.

Invoice

Invoice Date

Comment

Amount

A-35560

05/14/2026

ANALYSIS AND REPORTING SERVICES

$365.00

ACH

ACH

ACH

06/03/2026

06/03/2026

06/03/2026

ul

$15,891.29

Invoice

06/03/2026

ul

ul

$52,780.00
ul

$2,210.45
ul

$66,755.75
ul

$365.00
ul

Page 1 of 66

Cash Disbursement Report
Company: 10
Check #
101789

101790

101791

101792

8/19/2026

Type

Check Date

ACH

06/03/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

1017

BABCOCK LABORATORIES INC

Invoice

Invoice Date

Comment

Amount

CE60424-7140

05/08/2026

WATER TESTING SERVICES

$4,720.58

CE60466-7135

05/11/2026

WATER TESTING SERVICES

$66.00

CE60593-7137

05/13/2026

WATER TESTING SERVICES

$725.60

CE60595-7135

05/13/2026

WATER TESTING SERVICES

$22.00

CE60598-7135

05/13/2026

WATER TESTING SERVICES

$22.00

CE60599-7135

05/13/2026

WATER TESTING SERVICES

$22.00

CE60601-7135

05/13/2026

WATER TESTING SERVICES

$22.00

CE60602-7135

05/13/2026

WATER TESTING SERVICES

$66.00

CE60603-7136

05/13/2026

WATER TESTING SERVICES

$88.00

CE60604-7136

05/13/2026

WATER TESTING SERVICES

$22.00

CE60606-7136

05/13/2026

WATER TESTING SERVICES

$88.00

CE60607-7136

05/13/2026

WATER TESTING SERVICES

$12.00

CE60609-7136

05/13/2026

WATER TESTING SERVICES

$44.00

ACH

5988

BARRY'S SECURITY SERVICE, INC

Invoice

Invoice Date

Comment

Amount

104463

05/11/2026

SECURITY SERVICES - EL SOBRANTE

$1,752.94

104466

05/11/2026

SECURITY SERVICES - MERIDIAN

$1,795.14

10086

BAY CITY INDUSTRIAL SUPPLY

Invoice

Invoice Date

Comment

Amount

313869

05/14/2026

MATERIALS AND SUPPLIES

$642.34

1019

BEST BEST & KRIEGER

Invoice

Invoice Date

Comment

Amount

1061574

05/12/2026

LEGAL SERVICES

$38,801.78

ACH

ACH

06/03/2026

06/03/2026

06/03/2026

$5,920.18
ul

$3,548.08
ul

$642.34
ul

$38,801.78
ul

Page 2 of 66

Cash Disbursement Report
Company: 10
Check #
101793

101794

101795

101797

101799

101800

101801

8/19/2026

Type

Check Date

ACH

06/03/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

8252

BH ELECTRIC, INC

Invoice

Invoice Date

Comment

Amount

3535

05/01/2026

ELECTRICAL SERVICES - EL SOBRANTE

$4,086.00

3540

05/12/2026

ELECTRICAL SERVICES - WMWD CACTUS PUMP STATION

$19,466.30

3543

05/12/2026

ELECTRICAL SERVICES - WMWD LAKEPOINT LIFT STATION

$1,346.25

10755

BTI COMMUNICATIONS

Invoice

Invoice Date

Comment

Amount

83922

05/15/2026

GATE AND KEYPAD REPLACEMENT SERVICES - MERIDIAN

$3,951.64

ACH

ACH

06/03/2026

$24,898.55

$3,951.64

6305

C WELLS PIPELINE MATERIALS

Invoice

Invoice Date

Comment

Amount

SINV26-2381

04/16/2026

PIPELINE REPAIR MATERIALS

$13,792.00

SINV26-2743

05/12/2026

PIPELINE REPAIR MATERIALS

$845.84

SINV26-2744

05/12/2026

PIPELINE REPAIR MATERIALS

$743.48

SINV26-2745

05/12/2026

PIPELINE REPAIR MATERIALS

$148.70

4727

CHANDLER ASSET MANAGEMENT INC

Invoice

Invoice Date

Comment

Amount

26-04-250

05/13/2026

INVESTMENT MANAGEMENT SERVICES

$12,052.04

ACH

ACH

06/03/2026

06/03/2026

1037

CITY OF CORONA
Comment

Amount

AR98285

05/14/2026

REIMBURSE SHARE OF COSTS FOR THE IEBL TRUCK DISCHARGE STATION

$44.33

9991

DAISY FARIAS

Invoice

Invoice Date

Comment

Amount

060226

06/02/2026

EMPLOYEE EXPENSE REIMBURSEMENT - MILEAGE

$98.17

9991

DAISY FARIAS

Invoice

Invoice Date

Comment

Amount

TUITION-052626

05/26/2026

EMPLOYEE VOLUNTARY EDUCATION REIMBURSEMENT PROGRAM

$1,107.65

ACH

06/03/2026

06/03/2026

ul

$12,052.04

Invoice Date

ACH

ul

$15,530.02

Invoice

06/03/2026

ul

ul

$44.33
ul

$98.17
ul

$1,107.65
ul

Page 3 of 66

Cash Disbursement Report
Company: 10
Check #
101804

101805

101806

101807

101808

101809

8/19/2026

Type

Check Date

ACH

06/03/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

10761

EARTHLINK LLC

Invoice

Invoice Date

Comment

Amount

INV000002007234

06/01/2026

WIRELESS DEDICATED SERVICES

$792.00

INV000002007235

06/01/2026

WIRELESS DEDICATED SERVICES

$330.00

ACH

9087

ENTERPRISE FM TRUST

Invoice

Invoice Date

Comment

Amount

FBN5642390

05/20/2026

FLEET VEHICLE LEASE CHARGES - MAY 2026

$27,470.11

107983

ESTRADA PRECISION WELDING LLC

Invoice

Invoice Date

Comment

Amount

1665

05/15/2026

WELDING SERVICES - MOTOR STAND

$2,900.00

10585

FAMILY PLUMBING LLC

Invoice

Invoice Date

Comment

Amount

159538555

03/26/2026

PLUMBING SERVICES - EL SOBRANTE

$1,619.00

7115

FIRST CHOICE SERVICES

Invoice

Invoice Date

Comment

Amount

ON-1266662

05/14/2026

OFFICE SUPPLIES

$1,213.04

9891

FPC GRAPHICS

Invoice

Invoice Date

Comment

Amount

97093

04/29/2026

PRINTING SERVICES - JACKET WITH LOGO

$86.12

97152

05/12/2026

PRINTING SERVICES - BANNER

$129.30

ACH

ACH

ACH

ACH

06/03/2026

06/03/2026

06/03/2026

06/03/2026

06/03/2026

$1,122.00
ul

$27,470.11
ul

$2,900.00
ul

$1,619.00
ul

$1,213.04
ul

$215.42
ul

Page 4 of 66

Cash Disbursement Report
Company: 10
Check #
101810

101811

101813

101814

101815

8/19/2026

Type

Check Date

ACH

06/03/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

1157

FRITTS FORD

Invoice

Invoice Date

Comment

Amount

285144

04/15/2026

AUTO PARTS

$270.37

285252

04/21/2026

AUTO PARTS

$360.97

285302

04/24/2026

AUTO PARTS

$67.58

F75903

04/14/2026

AUTO PARTS AND SERVICES

$635.72

F76427

04/21/2026

AUTO PARTS AND SERVICES

$187.00

F76941

04/30/2026

AUTO PARTS AND SERVICES

$187.00

F77117

05/11/2026

AUTO PARTS AND SERVICES

$4,512.25

F77658

05/08/2026

AUTO PARTS AND SERVICES

$202.50

9077

FRONTIER COMMUNICATIONS

Invoice

Invoice Date

Comment

Amount

0526-4119

05/25/2026

TELEPHONE SERVICES

$678.03

0526-5499

05/25/2026

TELEPHONE SERVICES

$105.76

1452

GRAINGER

Invoice

Invoice Date

Comment

Amount

9861853209

03/31/2026

MATERIALS AND SUPPLIES

$1,461.99

9912648251

05/12/2026

MATERIALS AND SUPPLIES

$6.52

9912648269

05/12/2026

MATERIALS AND SUPPLIES

$100.00

9915948914

05/14/2026

MATERIALS AND SUPPLIES

$1,136.24

9917095359

05/14/2026

MATERIALS AND SUPPLIES

$41.53

1793

GRAYBAR ELECTRIC

Invoice

Invoice Date

Comment

Amount

9353107539

05/11/2026

MATERIALS AND SUPPLIES

$249.71

9353152747

05/13/2026

MATERIALS AND SUPPLIES

$1,952.14

7503

HDR ENGINEERING

Invoice

Invoice Date

Comment

Amount

1200825650

05/14/2026

DESIGN SERVICES - W-346 MARKHAM STREET EXTENSION WATERLINE RELOCATION

$26,386.10

ACH

ACH

ACH

ACH

06/03/2026

06/03/2026

06/03/2026

06/03/2026

$6,423.39
ul

$783.79
ul

$2,746.28
ul

$2,201.85
ul

$26,386.10
ul

Page 5 of 66

Cash Disbursement Report
Company: 10
Check #
101816

101817

101818

101819

101824

8/19/2026

Type

Check Date

ACH

06/03/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

7947

HERC RENTALS

Invoice

Invoice Date

Comment

Amount

36611898-001

05/15/2026

RENTAL SERVICES - TRUCK BUCKET 45 FT INSULATED GAS

$1,272.38

9016

INDUSTRIAL METAL SUPPLY

Invoice

Invoice Date

Comment

Amount

3342168

05/15/2026

MATERIALS AND SUPPLIES

$1,246.73

10133

INDUSTRIAL SOLUTION SERVICES

Invoice

Invoice Date

Comment

Amount

30599

05/06/2026

DISINFECTING CHEMICALS

$1,188.33

30610

05/12/2026

DISINFECTING CHEMICALS

$891.50

30611

05/12/2026

DISINFECTING CHEMICALS

$885.00

5629

INFOSEND, INC

Invoice

Invoice Date

Comment

Amount

309513

04/30/2026

CUSTOMER WATER BILL PRINTING SERVICES

$18,253.45

309514

04/30/2026

CUSTOMER WATER BILL POSTAGES

$10,313.03

309515

04/30/2026

PRINTING SERVICES - WELCOME PACKETS

$362.60

309516

04/30/2026

WELCOME PACKET POSTAGE FEES

$311.33

310024

05/13/2026

PRINTING SERVICES - INSERTS WITH STATEMENTS

$1,576.55

108011

KME SYSTEMS, LLC

Invoice

Invoice Date

Comment

Amount

SGI499207

12/17/2025

WIRE WEBSITE MAINTENANCE

$4,500.00

ACH

ACH

ACH

ACH

06/03/2026

06/03/2026

06/03/2026

06/03/2026

$1,272.38
ul

$1,246.73
ul

$2,964.83
ul

$30,816.96
ul

$4,500.00
ul

Page 6 of 66

Cash Disbursement Report
Company: 10
Check #
101825

101826

101827

101828

8/19/2026

Type

Check Date

ACH

06/03/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

3049

KRIEGER & STEWART, INC

Invoice

Invoice Date

Comment

Amount

52045

04/10/2026

CONSTRUCTION INSPECTION SERVICES - OAKVIEW APARTMENTS MURRIETA-WATER

$377.75

52161

05/13/2026

CONSTRUCTION INSPECTION SERVICES - TR 37731 ON-SITE SEWER

$1,223.50

52162

05/13/2026

CONSTRUCTION INSPECTION SERVICES - TR 37731 ON-SITE WATER

$1,738.50

52163

05/13/2026

CONSTRUCTION INSPECTION SERVICES - ALESSANDRO CORPORATE CENTER

$11,936.95

52164

05/13/2026

CONSTRUCTION INSPECTION SERVICES - TR 38094 TAYLOR MORRIS ON-SITE SEWER

$1,624.75

52165

05/13/2026

CONSTRUCTION INSPECTION SERVICES - TR 38094 TAYLOR MORRIS ON-SITE WATER

$5,985.85

52166

05/13/2026

CONSTRUCTION INSPECTION SERVICES - TRACT 37199 STAND BY/OBSERVATION

$7,098.38

52167

05/13/2026

CONSTRUCTION INSPECTION SERVICES - MARB GAS LINE REPLACEMENT

$623.00

52168

05/13/2026

CONSTRUCTION INSPECTION SERVICES - MS MERIDIAN RIVERSIDE

$281.50

52169

05/13/2026

CONSTRUCTION INSPECTION SERVICES - MARB KC 49 WATER

$7,536.38

52170

05/13/2026

CONSTRUCTION INSPECTION SERVICES - CAJALCO CARWASH

$566.63

52171

05/13/2026

CONSTRUCTION INSPECTION SERVICES - MURRIETA KENSINGTON APARTMENTS

$374.13

52172

05/13/2026

CONSTRUCTION INSPECTION SERVICES - MURRIETA NORTH WELL 2 REHABITATION

$8,712.38

52173

05/13/2026

CONSTRUCTION INSPECTION SERVICES - MCWD-5081 MURRIETA FIRE DEPT 1 SEWER

$744.63

9718

LYNDY LEWIS

Invoice

Invoice Date

Comment

Amount

052826

05/28/2026

EMPLOYEE EXPENSE REIMBURSEMENT - TRAVEL/CONFERENCE

$220.88

108054

MARTHA MUNOZ MOYA

Invoice

Invoice Date

Comment

Amount

060226

06/02/2026

CUSTOMER REFUND - GAVLIN HILLS WATER STATION

$180.00

8652

MESA FENCE CO, INC

Invoice

Invoice Date

Comment

Amount

10114

05/13/2026

EMERGENCY REPAIRS - MERIDIAN

$350.00

ACH

ACH

ACH

06/03/2026

06/03/2026

06/03/2026

$48,824.33
ul

$220.88
ul

$180.00
ul

$350.00
ul

Page 7 of 66

Cash Disbursement Report
Company: 10
Check #
101830

101831

101832

101833

101834

101835

8/19/2026

Type

Check Date

ACH

06/03/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

10594

MICHAEL K. NUNLEY & ASSOCIATES

Invoice

Invoice Date

Comment

Amount

3224

05/12/2026

PROFESSIONAL SERVICES - AS NEEDED PROJECT MANAGEMENT SUPPORT

$1,412.25

3225

05/12/2026

PROFESSIONAL SERVICES - WMWD/RCWD REGIONAL INTERTIE

$8,039.50

3228

05/12/2026

PROFESSIONAL SERVICES - WMWD WELL 7 FINAL DESIGN

$2,012.50

3231

05/12/2026

PROFESSIONAL SERVICES - PROJECT MANAGEMENT WWRF FLOWS

$2,864.75

3232

05/12/2026

PROFESSIONAL SERVICES - 1269 SEWER FORCEMAIN REPLACEMENT PROJECT

$7,920.38

3233

05/12/2026

PROFESSIONAL SERVICES - STERLING PUMP STATION ENGINES STAFF AUGMENT

$1,911.25

3234

05/12/2026

PROFESSIONAL SERVICES - WMWD EASEMENT REVIEW MILLS GRAVITY

$259.50

3257272

05/13/2026

PROFESSIONAL SERVICES - PLAN CHECKS

$5,229.75

3258

05/13/2026

PROFESSIONAL SERVICES - WATER SYSTEM OPTIMIZATION

$680.00

ACH

$30,329.88

107937

NV5 GEOSPATIAL INC

Invoice

Invoice Date

Comment

Amount

000000516716

05/15/2026

PROFESSIONAL SERVICES - UTILITY NETWORK READINESS ASSESSMENT PROJECT

$1,230.00

ACH

107967

PROCURE AMERICA, LLC

Invoice

Invoice Date

Comment

Amount

2-2601T

04/21/2026

SHARE OF TELECOM SERVICE SAVINGS - FEBRUARY 2026

$243.27

3-2602MS

04/29/2026

SHARE OF BANK SERVICE FEE SAVINGS - MARCH 2026

$1,645.30

3-2602T

04/21/2026

SHARE OF TELECOM SERVICE SAVINGS - MARCH 2026

$243.27

ACH

06/03/2026

06/03/2026

$1,230.00

107885

PROVOST & PRITCHARD ENGINEERING GROUP, INC.

Invoice Date

Comment

Amount

130690

05/15/2026

DESIGN SERVICES - OLEANDER PUMP STATION

$9,440.00

10286

QUALIFIED MOBILE INC

Invoice

Invoice Date

Comment

Amount

341914

05/11/2026

FLEET VEHICLE CLEANING SERVICES - OPS

$333.76

341915

05/11/2026

FLEET VEHICLE CLEANING SERVICES - MERIDIAN

$300.37

9489

RED WING BUSINESS ADVANTAGE ACCOUNT

Invoice

Invoice Date

Comment

Amount

20260510029092

05/10/2026

STEEL TOED SAFETY BOOTS

$2,019.10

ACH

ACH

06/03/2026

06/03/2026

ul

$2,131.84

Invoice

06/03/2026

ul

ul

$9,440.00
ul

$634.13
ul

$2,019.10
ul

Page 8 of 66

Cash Disbursement Report
Company: 10
Check #
101836

101837

101838

101839

101840

101841

101843

8/19/2026

Type

Check Date

ACH

06/03/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

6404

RICK ENGINEERING

Invoice

Invoice Date

Comment

Amount

0114788

04/28/2026

PROFESSIONAL SERVICES - WMWD MADISON AVE WATER AND SEWER DESIGN

$7,468.80

107806

RINCON CONSULTANTS INC

Invoice

Invoice Date

Comment

Amount

74295

05/12/2026

PROFESSIONAL SERVICES - WMWD JEFFERSON AVE INTERCONNECTION

$5,248.35

9468

RIVERSIDE AUTO PARTS INC

Invoice

Invoice Date

Comment

Amount

728993

05/13/2026

AUTO PARTS

$596.36

728998

05/14/2026

AUTO PARTS

$58.16

729087

05/15/2026

AUTO PARTS

$65.17

10600

RIVERSIDE MEDICAL CLINIC, INC

Invoice

Invoice Date

Comment

Amount

700000595-050626

05/06/2026

PRE-EMPLOYMENT PHYSICALS

$475.00

ACH

3150

ROYAL INDUSTRIAL SOLUTIONS

Invoice

Invoice Date

Comment

Amount

6441-1181396

05/06/2026

MATERIALS AND SUPPLIES

$3,751.55

6441-1182253

05/13/2026

MATERIALS AND SUPPLIES

$1,263.72

1127

SAWPA

Invoice

Invoice Date

Comment

Amount

10901

05/15/2026

STRINGFELLOW MONITORING SERVICES - 25/26 3RD QUARTER

$3,613.97

107956

THIRDWAVE CORPORATION

Invoice

Invoice Date

Comment

Amount

26-2520

05/11/2026

PROFESSIONAL SERVICES - 2025 INFORMATION TECHNOLOGY MASTER PLAN

$13,640.00

ACH

ACH

ACH

ACH

ACH

06/03/2026

06/03/2026

06/03/2026

06/03/2026

06/03/2026

06/03/2026

$7,468.80
ul

$5,248.35
ul

$719.69
ul

$475.00
ul

$5,015.27
ul

$3,613.97
ul

$13,640.00
ul

Page 9 of 66

Cash Disbursement Report
Company: 10
Check #
101844

101847

101848

101849

101850

101851

101852

220938

8/19/2026

Type

Check Date

ACH

06/03/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

10514

TIDALWAVE WIRELESS INC

Invoice

Invoice Date

Comment

Amount

I20260430WMWD

04/30/2026

SCADA RADIO COMMUNICATION SUPPORT

$1,200.00

ACH

108005

TOP-LINE INDUSTRIAL SUPPLY, LLC

Invoice

Invoice Date

Comment

Amount

481577

05/13/2026

MATERIALS AND SUPPLIES

$189.02

8180

ULINE, INC.

Invoice

Invoice Date

Comment

Amount

208031057

05/13/2026

MATERIALS AND SUPPLIES

$5,386.83

5870

VALLEY SOIL, INC

Invoice

Invoice Date

Comment

Amount

27774

05/11/2026

PROFESSIONAL SERVICES - INDOOR AND OUTDOOR WATER USE EVALUATION AND REPAIRS

$14,738.50

10107

VEGA AMERICAS, INC

Invoice

Invoice Date

Comment

Amount

684487

05/08/2026

MATERIALS

$3,827.57

ACH

ACH

ACH

ACH

06/03/2026

06/03/2026

06/03/2026

06/03/2026

$1,200.00

$189.02

VISCID DESIGN CO
Comment

Amount

015997

05/01/2026

REFLECTIVE MARKER DECALS

$7,542.50

10375

WATERLINE TECHNOLOGIES INC

Invoice

Invoice Date

Comment

Amount

5793218

05/12/2026

HYPOCHLORITE SOLUTION

$1,107.62

5794152

05/18/2026

HYPOCHLORITE SOLUTION

$1,107.62

CHK

ul

$7,542.50
ul

$2,215.24

6568

AT&T CALNET

Invoice

Invoice Date

Comment

Amount

000025301540

05/28/2026

TELEPHONE SERVICES

$30.90

06/03/2026

ul

$3,827.57

10578

06/03/2026

ul

$14,738.50

Invoice Date

ACH

ul

$5,386.83

Invoice

06/03/2026

ul

ul

$30.90
ul

Page 10 of 66

Cash Disbursement Report
Company: 10
Check #
220939

220940

220941

220944

220946

8/19/2026

Type

Check Date

CHK

06/03/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

4697

BURRTEC WASTE INDUSTRIES INC

Invoice

Invoice Date

Comment

Amount

N0821169699

06/01/2026

TRASH/RECYCLE SERVICES - STERLING AVE

$144.36

9672

CAL VALVE, INC.

Invoice

Invoice Date

Comment

Amount

16805

05/10/2026

MATERIALS AND SUPPLIES

$237.91

107849

CANON U.S.A., INC.

Invoice

Invoice Date

Comment

Amount

6015941364

05/09/2026

COPIER MAINTENANCE - MERIDIAN

$631.64

6015941525

05/09/2026

COPIER MAINTENANCE - MURRIETA

$2.88

7960

CHRIS OTJEN

Invoice

Invoice Date

Comment

Amount

TUITION-06012026

06/01/2026

EMPLOYEE VOLUNTARY EDUCATION REIMBURSEMENT PROGRAM

$3,381.00

CHK

9571

CINTAS FIRST AID & SAFETY

Invoice

Invoice Date

Comment

Amount

4268812729

05/11/2026

UNIFORMS

$129.16

4268983817

05/12/2026

SAFETY PPE

$207.01

4268984192

05/12/2026

UNIFORMS

$1,340.80

4269156385

05/13/2026

UNIFORMS

$257.97

CHK

CHK

CHK

06/03/2026

06/03/2026

06/03/2026

06/03/2026

$144.36
ul

$237.91
ul

$634.52
ul

$3,381.00
ul

$1,934.94
ul

Page 11 of 66

Cash Disbursement Report
Company: 10
Check #
220959

220960

220961

220962

8/19/2026

Type

Check Date

CHK

06/03/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

1112

CITY OF RIVERSIDE

Invoice

Invoice Date

Comment

Amount

0426-0226890001

05/22/2026

ELECTRIC UTILITY CHARGES

$6,126.45

0426-0235133000

05/22/2026

WATER UTILITY CHARGES

$79.80

0426-253273-159977

05/20/2026

ELECTRIC UTILITY CHARGES

$7,780.53

0426-253273-160120

05/20/2026

ELECTRIC UTILITY CHARGES

$8,038.30

0426-253273-160574

05/20/2026

ELECTRIC UTILITY CHARGES

$7,635.73

0426-253273-160580

05/20/2026

ELECTRIC UTILITY CHARGES

$7,581.60

0426-253273-160601

05/13/2026

ELECTRIC UTILITY CHARGES

$6,896.84

0426-253273-199463

05/26/2026

WATER UTILITY CHARGES

$48.16

0426-253273-199464

05/26/2026

WATER UTILITY CHARGES

$52.46

0426-253273-202997

05/26/2026

WATER UTILITY CHARGES

$48.16

0526-0136386000

05/28/2026

ELECTRIC UTILITY CHARGES

$39.63

0526-0228446001

05/28/2026

WATER UTILITY CHARGES

$197.80

0526-0228558000

05/28/2026

ELECTRIC UTILITY CHARGES

$72.03

0526-0229274000

05/28/2026

ELECTRIC UTILITY CHARGES

$40,016.38

0526-253273-186078

05/28/2026

ELECTRIC UTILITY CHARGES

$25,782.33

0526-253273-186079

05/28/2026

ELECTRIC UTILITY CHARGES

$29,032.98

0526-257970-201838

05/28/2026

ELECTRIC UTILITY CHARGES

$39.11

CHK

1112

CITY OF RIVERSIDE

Invoice

Invoice Date

Comment

Amount

00286671

05/19/2026

POTABLE WATER PRODUCTION AND CONVEYANCE APRIL 2026

$519,623.11

CHK

06/03/2026

$139,468.29

$519,623.11

6795

CLEAN TECH ENVIRONMENTAL INC

Invoice

Invoice Date

Comment

Amount

919939

05/14/2026

WASTE DISPOSAL

$244.45

919941

05/14/2026

WASTE DISPOSAL

$856.11

5845

CODE PUBLISHING INC.

Invoice

Invoice Date

Comment

Amount

GCI0019802

04/30/2026

MUNICIPAL CODE WEB UPDATE

$2,391.00

CHK

06/03/2026

06/03/2026

ul

ul

$1,100.56
ul

$2,391.00
ul

Page 12 of 66

Cash Disbursement Report
Company: 10
Check #
220963

220964

220965

220966

220967

220968

220969

220970

8/19/2026

Type

Check Date

CHK

06/03/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

5016

CORE & MAIN LP

Invoice

Invoice Date

Comment

Amount

Y919839

05/08/2026

MATERIALS AND SUPPLIES

$5,176.42

Z031140

05/14/2026

MATERIALS AND SUPPLIES

$2,838.14

9984

CORODATA SHREDDING, INC.

Invoice

Invoice Date

Comment

Amount

DN 1579673

04/30/2026

SHREDDING SERVICES - EL SOBRANTE

$63.56

DN 1579674

04/30/2026

SHREDDING SERVICES - MERIDIAN

$115.81

CHK

CHK

06/03/2026

$8,014.56

$179.37

10683

DIESEL POLLUTION SOLUTION, INC

Invoice

Invoice Date

Comment

Amount

9656

05/15/2026

CARB CLEAN TRUCK CHECK FEE

$91.18

1043

EASTERN MWD

Invoice

Invoice Date

Comment

Amount

0526-150153612

05/21/2026

WATER PURCHASED AT LOS ALAMOS RD

$279,422.37

CHK

7624

FERGUSON WATERWORKS

Invoice

Invoice Date

Comment

Amount

0906161

05/07/2026

MATERIALS AND PARTS

$2,932.85

1475

FIRST AMERICAN TITLE INS CO

Invoice

Invoice Date

Comment

Amount

052926

05/29/2026

TITLE REPORTS FOR W-332 LA SIERRA PIPELINE RELOCATION

$2,775.00

9076

FLYERS ENERGY LLC

Invoice

Invoice Date

Comment

Amount

26-632586

05/12/2026

DIESEL FUEL AND GASOLINE

$4,421.21

26-634994

05/15/2026

DIESEL AND FUEL GASOLINE

$4,677.52

8067

GOLDEN STATE CONSULTANTS, INC.

Invoice

Invoice Date

Comment

Amount

10638

04/30/2026

SURVEY SERVICES - VIA VERRAZANO PIPELINE EASEMENT

$1,422.50

CHK

CHK

CHK

CHK

06/03/2026

06/03/2026

06/03/2026

06/03/2026

06/03/2026

06/03/2026

ul

ul

$91.18
ul

$279,422.37
ul

$2,932.85
ul

$2,775.00
ul

$9,098.73
ul

$1,422.50
ul

Page 13 of 66

Cash Disbursement Report
Company: 10
Check #
220971

220972

220973

220974

220978

220979

220981

8/19/2026

Type

Check Date

CHK

06/03/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

1237

HACH COMPANY

Invoice

Invoice Date

Comment

Amount

15002190

05/13/2026

MATERIALS AND SUPPLIES

$5,475.59

2859

HOME DEPOT INCORPORATED

Invoice

Invoice Date

Comment

Amount

3902923

05/13/2026

MATERIALS AND SUPPLIES

$75.91

9480

ICONIX WATERWORKS (US) INC.

Invoice

Invoice Date

Comment

Amount

U2616016860

05/15/2026

MATERIALS AND SUPPLIES

$5,374.35

10341

INLAND EMPIRE MAGAZINE

Invoice

Invoice Date

Comment

Amount

INV53895

05/13/2026

2026 INLAND EMPIRE LANDSCAPE CONTEST - FIRST PLACE

$1,995.00

9542

LEE & RO, INC.

Invoice

Invoice Date

Comment

Amount

1284/10

05/13/2026

PROFESSIONAL SERVICES - RECYCLED WATER POND EROSION PREVENTION WWRF

$20,585.50

1295-02/01

05/13/2026

PROFESSIONAL SERVICES - IN-LINE SCE COORDINATION

$2,592.00

4665

LOWE'S HOME CENTERS, LLC

Invoice

Invoice Date

Comment

Amount

971484-QRXYVY

05/08/2026

MATERIALS AND SUPPLIES

$18.65

973569-QRXYXB

05/08/2026

MATERIALS AND SUPPLIES

$10.09

977470-QSPZAT

05/05/2026

MATERIALS AND SUPPLIES

$440.20

977478-QRMFGU

05/05/2026

MATERIALS AND SUPPLIES

$282.76

977503-QRMFGX

05/05/2026

MATERIALS AND SUPPLIES

$30.89

CHK

6346

MAUREEN ERBEZNIK & ASSOCIATES

Invoice

Invoice Date

Comment

Amount

MEA WHOLESALE FY25/26

05/06/2026

REGIONAL REGULATORY COMPLIANCE SUPPORT SERVICES FOR WHOLESALE AGENCIES

$37,422.00

CHK

CHK

CHK

CHK

CHK

06/03/2026

06/03/2026

06/03/2026

06/03/2026

06/03/2026

06/03/2026

$5,475.59
ul

$75.91
ul

$5,374.35
ul

$1,995.00
ul

$23,177.50
ul

$782.59
ul

$37,422.00
ul

Page 14 of 66

Cash Disbursement Report
Company: 10
Check #
220982

220983

220984

220985

220986

220987

220988

220989

8/19/2026

Type

Check Date

CHK

06/03/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

7153

MCMASTER CARR SUPPLY CO

Invoice

Invoice Date

Comment

Amount

65099249

05/15/2026

MATERIALS AND SUPPLIES

$303.99

9260

MICRONET COMMUNICATIONS INC

Invoice

Invoice Date

Comment

Amount

78928

04/01/2026

ANNUAL FEES - FREQUENCY PROTECTION

$350.00

10696

MONRO

Invoice

Invoice Date

Comment

Amount

326679

05/07/2026

TIRES AND TIRE SERVICE

$298.09

7248

MSC INDUSTRIAL SUPPLY COMPANY

Invoice

Invoice Date

Comment

Amount

41403141

05/04/2026

MATERIALS AND SUPPLIES

$624.60

43583561

05/11/2026

MATERIALS AND SUPPLIES

$457.82

9727

O'REILLY AUTO ENTERPRISES

Invoice

Invoice Date

Comment

Amount

3814-199305

05/08/2026

AUTO PARTS

$78.80

3814-200494

05/13/2026

AUTO PARTS

$41.34

3814-201004

05/15/2026

AUTO PARTS

$82.94

2134

OFFICE DEPOT

Invoice

Invoice Date

Comment

Amount

467737189001

05/11/2026

OFFICE SUPPLIES

$514.86

CHK

8340

PLUMBERS DEPOT INC

Invoice

Invoice Date

Comment

Amount

PD-61334

05/13/2026

MATERIALS AND SUPPLIES

$1,661.25

PD-61339

05/13/2026

MATERIALS AND SUPPLIES

$2,236.08

9437

QUINN COMPANY

Invoice

Invoice Date

Comment

Amount

PCI00041897

05/13/2026

AUTO PARTS

$160.50

CHK

CHK

CHK

CHK

CHK

CHK

06/03/2026

06/03/2026

06/03/2026

06/03/2026

06/03/2026

06/03/2026

06/03/2026

$303.99
ul

$350.00
ul

$298.09
ul

$1,082.42
ul

$203.08
ul

$514.86
ul

$3,897.33
ul

$160.50
ul

Page 15 of 66

Cash Disbursement Report
Company: 10
Check #
220990

220991

220992

220993

220995

220996

220997

8/19/2026

Type

Check Date

CHK

06/03/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

1132

RANCHO CALIFORNIA WATER DISTRICT

Invoice

Invoice Date

Comment

Amount

0526-98031163

05/26/2026

ROCK MOUNTAIN WATER SERVICE

$3,463.95

CHK

108052

RIANNON ORTIZ

Invoice

Invoice Date

Comment

Amount

051926

05/19/2026

EMPLOYEE EXPENSE REIMBURSEMENT - MILEAGE

$73.52

4228

RUBIDOUX COMMUNITY SERVICES DI

Invoice

Invoice Date

Comment

Amount

WMWD-051326

05/13/2026

EARTHSOFT PROGRAM REIMBURSEMENT

$13,576.50

CHK

6093

S M R WATERMASTER

Invoice

Invoice Date

Comment

Amount

2ND & 3RD QTR FY25-26

03/23/2026

2ND & 3RD QTR SHARE OF WATERMASTER STEERING COMMITTEE

$66,955.00

CHK

1131

SCE

Invoice

Invoice Date

Comment

Amount

0526-222014-503779

05/19/2026

ELECTRIC UTILITY CHARGES

$21.76

0526-322010-396152

05/20/2026

ELECTRIC UTILITY CHARGES

$17.60

0526-8853500

05/27/2026

ELECTRIC UTILITY CHARGES

$29,455.68

0526-8853527

05/27/2026

ELECTRIC UTILITY CHARGES

$39.33

10051

SOCIAL AND ENVIRONMENTAL ENTREPRENEURS

Invoice

Invoice Date

Comment

Amount

0000356

05/12/2026

CALIFORNIA DATA COLLABORATIVE SPONSORSHIP

$2,500.00

8228

STATE OF CALIFORNIA DEPARTMENT OF JUSTICE

Invoice

Invoice Date

Comment

Amount

045283

05/05/2026

PRE-EMPLOYMENT FINGERPRINT PROCESSING

$128.00

CHK

CHK

CHK

06/03/2026

06/03/2026

06/03/2026

06/03/2026

06/03/2026

06/03/2026

$3,463.95
ul

$73.52
ul

$13,576.50
ul

$66,955.00
ul

$29,534.37
ul

$2,500.00
ul

$128.00
ul

Page 16 of 66

Cash Disbursement Report
Company: 10
Check #
220998

221000

221001

221002

1430961350

1430977655

59009358996

8/19/2026

Type

Check Date

CHK

06/03/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

1142

THE GAS COMPANY

Invoice

Invoice Date

Comment

Amount

0526-15737302

05/22/2026

GAS UTILITY CHARGES

$2,565.79

0526-15738431

05/28/2026

GAS UTILITY CHARGES

$710.33

0526-16342026

05/27/2026

GAS UTILITY CHARGES

$20.71

CHK

7277

WALTERS WHOLESALE ELECTRIC CO

Invoice

Invoice Date

Comment

Amount

S129997474.002

03/26/2026

MATERIALS AND SUPPLIES

$521.42

CHK

06/03/2026

$3,296.83

$521.42

1217

WASTE MANAGEMENT OF THE INLAND EMPIRE

Invoice

Invoice Date

Comment

Amount

6061857-2371-9

05/27/2026

COMMERCIAL WASTE DISPOSAL

$151.14

8159233-2371-2

05/27/2026

COMMERCIAL WASTE DISPOSAL

$351.41

8159362-2371-9

05/27/2026

COMMERCIAL WASTE DISPOSAL

$2,435.41

8159810-2371-7

05/27/2026

COMMERCIAL WASTE DISPOSAL

$767.15

CHK

107711

WILLIAMS SCOTSMAN, INC.

Invoice

Invoice Date

Comment

Amount

9026180847

05/13/2026

CONTAINER RENTAL

$122.82

WIR

06/03/2026

06/03/2026

9476

GREAT-WEST LIFE & ANNUITY INSURANCE
Comment

Amount

060426-401A

06/04/2026

401A PLAN FUNDING

$11,400.67

9476

GREAT-WEST LIFE & ANNUITY INSURANCE

Invoice

Invoice Date

Comment

Amount

060426-457

06/04/2026

457 PLAN FUNDING

$41,264.27

1831

BANK OF AMERICA NA

Invoice

Invoice Date

Comment

Amount

053126-5588

06/08/2026

EPAYABLES

$5,120.26

WIR

06/04/2026

06/08/2026

ul

$122.82

Invoice Date

WIR

ul

$3,705.11

Invoice

06/04/2026

ul

ul

$11,400.67
ul

$41,264.27
ul

$5,120.26
ul

Page 17 of 66

Cash Disbursement Report
Company: 10
Check #
101853

101854

101855

101856

101857

101858

8/19/2026

Type

Check Date

ACH

06/10/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

1212

ACWA/JPIA

Invoice

Invoice Date

Comment

Amount

060826

06/08/2026

EMPLOYEE MEDICAL INSURANCE - JULY 2026

$312,416.47

1158

ALBERT A WEBB ASSOCIATES

Invoice

Invoice Date

Comment

Amount

ARIV0011958

02/21/2026

DESIGN SERVICES - WESTERN WATER REGIONAL INTER

$29,470.50

107796

ALCOA TRAFFIC CONTROL

Invoice

Invoice Date

Comment

Amount

WMWD-011

04/29/2026

TRAFFIC CONTROL SERVICES

$3,456.00

WMWD-012

05/19/2026

TRAFFIC CONTROL SERVICES

$5,808.00

108008

ALL4 LLC

Invoice

Invoice Date

Comment

00043599

05/19/2026

PROFESSIONAL SERVICES - MILLS GRAVITY LINE EASEMENT PROJECT

$5,523.00

00043600

05/19/2026

PROFESSIONAL SERVICES - EMERGENCY WATERLINE REPAIR

$1,435.99

8612

AMAZON.COM LLC

Invoice

Invoice Date

Comment

Amount

1NL1-H4NR-7X6T

05/01/2026

OFFICE SUPPLIES

$330.08

ACH

10280

AMERICAN WATER COLLEGE

Invoice

Invoice Date

Comment

Amount

192993

03/05/2026

TRAININGHUB STUDENT LICENSE FEES

$20,900.00

ACH

ACH

ACH

ACH

06/10/2026

06/10/2026

06/10/2026

06/10/2026

06/10/2026

$312,416.47
ul

$29,470.50
ul

$9,264.00
ul

$6,958.99
Amount

ul

$330.08
ul

$20,900.00
ul

Page 18 of 66

Cash Disbursement Report
Company: 10
Check #
101859

8/19/2026

Type

Check Date

ACH

06/10/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

1017

BABCOCK LABORATORIES INC

Invoice

Invoice Date

Comment

Amount

$6,496.00

CE60108-7135

05/04/2026

WATER TESTING SERVICES

$22.00

CE60845-7135

05/18/2026

WATER TESTING SERVICES

$44.00

CE60852-7135

05/18/2026

WATER TESTING SERVICES

$506.00

CE60853-7136

05/18/2026

WATER TESTING SERVICES

$110.00

CE60868-7135

05/18/2026

WATER TESTING SERVICES

$930.00

CE60871-7136

05/18/2026

WATER TESTING SERVICES

$227.00

CE60874-7137

05/18/2026

WATER TESTING SERVICES

$324.00

CE60888-7135

05/19/2026

WATER TESTING SERVICES

$22.00

CE60889-7136

05/19/2026

WATER TESTING SERVICES

$22.00

CE60890-7135

05/19/2026

WATER TESTING SERVICES

$22.00

CE60891-7135

05/19/2026

WATER TESTING SERVICES

$1,195.00

CE60947-7135

05/19/2026

WATER TESTING SERVICES

$341.00

CE60952-7135

05/19/2026

WATER TESTING SERVICES

$72.00

CE60956-7135

05/19/2026

WATER TESTING SERVICES

$278.50

CE61015-7136

05/20/2026

WATER TESTING SERVICES

$22.00

CE61016-7135

05/20/2026

WATER TESTING SERVICES

$22.00

CE61018-7135

05/20/2026

WATER TESTING SERVICES

$154.00

CE61020-7135

05/20/2026

WATER TESTING SERVICES

$22.00

CE61022-7135

05/20/2026

WATER TESTING SERVICES

$22.00

CE61061-7136

05/20/2026

WATER TESTING SERVICES

$439.50

CE61075-7136

05/20/2026

WATER TESTING SERVICES

$635.00

CE61081-7136

05/20/2026

WATER TESTING SERVICES

$100.00

CE61214-7135

05/22/2026

WATER TESTING SERVICES

$506.00

CE61215-7135

05/22/2026

WATER TESTING SERVICES

$66.00

CE61216-7136

05/22/2026

WATER TESTING SERVICES

$110.00

CE61217-7137

05/22/2026

WATER TESTING SERVICES

$282.00

ul

Page 19 of 66

Cash Disbursement Report
Company: 10
Check #
101860

101861

101862

101863

101864

101865

101866

8/19/2026

Type

Check Date

ACH

06/10/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

108017

BARNES & THORNBURG LLP

Invoice

Invoice Date

Comment

Amount

3560920

04/07/2026

LEGAL SERVICES

$6,230.00

3576058

05/11/2026

LEGAL SERVICES

$7,770.00

5988

BARRY'S SECURITY SERVICE, INC

Invoice

Invoice Date

Comment

Amount

104498

05/18/2026

SECURITY SERVICES - EL SOBRANTE

$1,758.20

104501

05/18/2026

SECURITY SERVICES - MERIDIAN

$1,586.23

ACH

ACH

06/10/2026

$14,000.00

$3,344.43

9585

BIOMAGIC INC

Invoice

Invoice Date

Comment

Amount

151144

05/20/2026

ODOR CONTROL CHEMICALS

$1,037.09

151145

05/20/2026

ODOR CONTROL CHEMICALS

$1,037.09

10343

BLUE-WHITE

Invoice

Invoice Date

Comment

Amount

780600

05/19/2026

MATERIALS AND SUPPLIES

$2,587.04

6305

C WELLS PIPELINE MATERIALS

Invoice

Invoice Date

Comment

Amount

SINV26-2798

05/19/2026

PIPELINE REPAIR MATERIALS

$4,967.28

SINV26-2799

05/19/2026

PIPELINE REPAIR MATERIALS

$1,600.09

SINV26-2800

05/19/2026

PIPELINE REPAIR MATERIALS

$177.78

SINV26-2801

05/19/2026

PIPELINE REPAIR MATERIALS

$2,111.90

10061

CHEROKEE CHEMICAL CO INC

Invoice

Invoice Date

Comment

Amount

0522497-IN

05/21/2026

MONTHLY TESTING AND SERVICES - WWRF

$500.00

10317

CHOREO LLC

Invoice

Invoice Date

Comment

Amount

S-INV209624

04/01/2026

RETIREMENT PLAN ADVISORY SERVICES

$15,645.81

ACH

ACH

ACH

ACH

06/10/2026

06/10/2026

06/10/2026

06/10/2026

06/10/2026

ul

ul

$2,074.18
ul

$2,587.04
ul

$8,857.05
ul

$500.00
ul

$15,645.81
ul

Page 20 of 66

Cash Disbursement Report
Company: 10
Check #
101867

101869

101870

101871

101873

101875

101876

8/19/2026

Type

Check Date

ACH

06/10/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

6754

CYBEX SECURITY SOLUTIONS

Invoice

Invoice Date

Comment

Amount

2173050

05/01/2026

SECURITY MONITORING SERVICES - VARIOUS DISTRICT SITES

$1,068.95

7420

DUDEK

Invoice

Invoice Date

Comment

Amount

202604373

05/08/2026

DESIGN SERVICES - MURRIETA SEWER & REDUCTION W-324

$6,863.75

8308

EUROFINS EATON ANALYTICAL, LLC

Invoice

Invoice Date

Comment

Amount

3800127389

05/17/2026

PFAS TESTING SERVICES

$4,550.00

10026

EUROFINS TESTOIL, INC.

Invoice

Invoice Date

Comment

Amount

478603

05/18/2026

OIL SAMPLES AND SUPPLIES

$1,583.23

9891

FPC GRAPHICS

Invoice

Invoice Date

Comment

Amount

97131

05/18/2026

PRINTING SERVICES - APPAREL LOGO

$2,115.93

ACH

ACH

ACH

ACH

ACH

06/10/2026

06/10/2026

06/10/2026

06/10/2026

$1,068.95

$6,863.75

ul

$2,115.93

4715

G/M BUSINESS INTERIORS
Comment

Amount

0311464-IN

05/22/2026

CUBICLE MODIFICATIONS - MERIDIAN

$698.25

107945

GOLDEN BRUSH SIGNS

Invoice

Invoice Date

Comment

Amount

31926

05/18/2026

VINYL SIGN SERVICES

$835.06

06/10/2026

ul

$1,583.23

Invoice Date

ACH

ul

$4,550.00

Invoice

06/10/2026

ul

ul

$698.25
ul

$835.06
ul

Page 21 of 66

Cash Disbursement Report
Company: 10
Check #
101877

101878

101879

101880

101881

8/19/2026

Type

Check Date

ACH

06/10/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

1452

GRAINGER

Invoice

Invoice Date

Comment

Amount

9920018885

05/18/2026

MATERIALS AND SUPPLIES

$519.53

9921739075

05/19/2026

MATERIALS AND SUPPLIES

$71.73

9922402244

05/19/2026

MATERIALS AND SUPPLIES

$45.23

9923241773

05/20/2026

MATERIALS AND SUPPLIES

$290.83

9923955851

05/20/2026

MATERIALS AND SUPPLIES

$133.94

9923955869

05/20/2026

MATERIALS AND SUPPLIES

$47.63

9925141807

05/21/2026

MATERIALS AND SUPPLIES

$67.75

9925481336

05/21/2026

MATERIALS AND SUPPLIES

$81.59

1793

GRAYBAR ELECTRIC

Invoice

Invoice Date

Comment

Amount

9353204790

05/18/2026

MATERIALS AND SUPPLIES

$46.90

9528

HANSEN, ALLEN & LUCE, INC

Invoice

Invoice Date

Comment

57796

05/19/2026

PROFESSIONAL SERVICES - MURRIETA SEWER SYSTEM OPTIMIZATION STUDY

$24,672.25

57797

05/19/2026

PROFESSIONAL SERVICES - HYDRAULIC MODEL DEVELOPMENT

$4,815.75

57806

05/19/2026

PROFESSIONAL SERVICES - HYDRAULIC MODELING SUPPORT

$11,439.80

8545

HARPER & ASSOCIATES ENGINEERING

Invoice

Invoice Date

Comment

Amount

ENG-9514

05/19/2026

PROFESSIONAL SERVICES - LOWER INTAKE CLEANING

$8,000.00

ENG-9515

05/19/2026

PROFESSIONAL SERVICES - MARKHAM TANK 2 EVALUATION AND CLEANING

$7,975.00

ENG-9516

05/19/2026

PROFESSIONAL SERVICES - MARKHAM TANK 1 EVALUATION AND CLEANING

$7,975.00

ENG-9517

05/19/2026

PROFESSIONAL SERVICES - CITP TANK EVALUATION AND CLEANING

$7,975.00

ENG-9518

05/19/2026

PROFESSIONAL SERVICES - ADS CLEAR WELL CLEANING AND REPORT

$6,550.00

ENG-9519

05/19/2026

PROFESSIONAL SERVICES - LOCKWOOD CLEANING AND REPORT

$7,975.00

10539

HAWTHORNE MACHINERY CO

Invoice

Invoice Date

Comment

Amount

PS001019446

04/10/2026

MATERIALS AND SUPPLIES

$556.26

ACH

ACH

ACH

ACH

06/10/2026

06/10/2026

06/10/2026

06/10/2026

$1,258.23
ul

$46.90
ul

$40,927.80
Amount

ul

$46,450.00
ul

$556.26
ul

Page 22 of 66

Cash Disbursement Report
Company: 10
Check #
101882

101884

101887

101889

101892

101893

101894

8/19/2026

Type

Check Date

ACH

06/10/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

7947

HERC RENTALS

Invoice

Invoice Date

Comment

Amount

36527738-001

05/16/2026

RENTAL SERVICES - TRACTOR SKIP LOADER

$3,167.85

107721

INTEGRITY AUTO GLASS

Invoice

Invoice Date

Comment

Amount

I010428

05/19/2026

WINDSHIELD REPAIR SERVICES

$566.32

I010429

05/19/2026

WINDSHIELD REPAIR SERVICES

$637.16

9538

JEFF JENKINS SERVICE TECHNICIAN

Invoice

Invoice Date

Comment

Amount

2301

04/27/2026

SYSTEM MAINTENANCE - MIOX

$1,183.80

2307

05/12/2026

SYSTEM MAINTENANCE - MIOX

$1,158.80

2310

05/11/2026

SYSTEM MAINTENANCE - MIOX

$1,018.80

8117

JOHN WOLBERD

Invoice

Invoice Date

Comment

Amount

CERTIFICATION-052826

05/28/2026

EMPLOYEE CERTIFICATION REIMBURSEMENT

$129.00

ACH

4419

KENNEDY JENKS CONSULTANTS

Invoice

Invoice Date

Comment

Amount

187946

05/19/2026

PROFESSIONAL SERVICES - HAZARD MITIGATION GRANT PROGRAM GRANT REPORTING

$481.25

10768

KENNETH SMITH

Invoice

Invoice Date

Comment

Amount

052826

06/04/2026

EMPLOYEE EXPENSE REIMBURSEMENT - TRAVEL/CONFERENCE

$1,004.43

108011

KME SYSTEMS, LLC

Invoice

Invoice Date

Comment

Amount

KME532455

05/19/2026

IT SERVICES - GENERAL SOFTWARE MAINTENANCE

$675.00

ACH

ACH

ACH

ACH

ACH

06/10/2026

06/10/2026

06/10/2026

06/10/2026

06/10/2026

06/10/2026

$3,167.85
ul

$1,203.48
ul

$3,361.40
ul

$129.00
ul

$481.25
ul

$1,004.43
ul

$675.00
ul

Page 23 of 66

Cash Disbursement Report
Company: 10
Check #
101895

101896

101897

101898

101900

101901

101902

101903

8/19/2026

Type

Check Date

ACH

06/10/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

7904

LAWNSCAPE SYSTEMS

Invoice

Invoice Date

Comment

Amount

1750

04/15/2026

LANDSCAPE SERVICES - MERIDIAN AND WWRF

$570.00

1804

05/12/2026

LANDSCAPE SERVICES - VARIOUS DISTRICT SITES

$16,687.50

1808

04/30/2026

LANDSCAPE SERVICES - VICTORIA AND JACKSON

$3,031.23

1814

05/21/2026

LANDSCAPE SERVICES - MOCKINGBIRD CORNER OF VAN BUREN AND ROOSEVELT RESERVOIR

$720.00

107667

LIFTECH

Invoice

Invoice Date

Comment

Amount

0111356

05/22/2026

HOIST INSPECTION SERVICES

$872.84

ACH

ACH

06/10/2026

$21,008.73

$872.84

108037

LIVING WATER INDUSTRIES LLC

Invoice

Invoice Date

Comment

Amount

770

05/19/2026

CUSTOM PIPELINE FABRICATION SERVICES

$81,397.80

9649

MALLORY SAFETY & SUPPLY LLC

Invoice

Invoice Date

Comment

Amount

6426797

05/21/2026

MATERIALS AND SUPPLIES

$396.95

2219

NATIONAL SAFETY COUNCIL

Invoice

Invoice Date

Comment

Amount

MEMBERSHIP-060526

06/05/2026

EMPLOYEE ANNUAL MEMBERSHIP

$499.00

ACH

8675

NATIONAL SAFETY SERVICES INC

Invoice

Invoice Date

Comment

Amount

26057

05/20/2026

2026 Q2 RESCUE TRAILER COMPLIANCE

$4,000.00

9989

PAULA MORA

Invoice

Invoice Date

Comment

Amount

043026

04/30/2026

EMPLOYEE EXPENSE REIMBURSEMENT -TRAVEL/CONFERENCE

$289.69

10027

PONTON INDUSTRIES INC

Invoice

Invoice Date

Comment

Amount

33699

05/20/2026

DIGITAL PANEL METER

$626.73

33706

05/21/2026

MATERIALS AND SUPPLIES

$805.29

ACH

ACH

ACH

ACH

06/10/2026

06/10/2026

06/10/2026

06/10/2026

06/10/2026

06/10/2026

ul

ul

$81,397.80
ul

$396.95
ul

$499.00
ul

$4,000.00
ul

$289.69
ul

$1,432.02
ul

Page 24 of 66

Cash Disbursement Report
Company: 10
Check #
101904

101905

101906

101907

101908

101910

101911

101912

8/19/2026

Type

Check Date

ACH

06/10/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

4573

PSOMAS

Invoice

Invoice Date

Comment

Amount

234977

05/21/2026

ENVIRONMENTAL SERVICES - W-350 MOCKINGBIRD PUMP STATION PUMPS 8 AND 9

$8,446.25

9468

RIVERSIDE AUTO PARTS INC

Invoice

Invoice Date

Comment

Amount

729194

05/18/2026

AUTO PARTS

$331.85

729437

05/21/2026

AUTO PARTS

$106.66

729466

05/21/2026

AUTO PARTS

$10.75

729565

05/22/2026

AUTO PARTS

$32.28

729592

05/22/2026

AUTO PARTS

$1,547.59

10373

STEPHANIE MARRICCO

Invoice

Invoice Date

Comment

Amount

052626

05/26/2026

EMPLOYEE EXPENSE REIMBURSEMENT - MILEAGE AND EVENT SUPPLIES

$268.19

10691

TDI REFRIGERATION

Invoice

Invoice Date

Comment

Amount

167465

05/18/2026

AIR CONDITION REPAIR SERVICES - MERIDIAN

$2,165.00

108034

THE LEADER'S INSTITUTE, LLC

Invoice

Invoice Date

Comment

Amount

CHZ10775

03/10/2026

ACTIVITY AND MATERIALS FOR TEAM BUILDING EVENT - BUILD A BIKE

$17,460.00

7305

TOM TABOR

Invoice

Invoice Date

Comment

Amount

CERTIFICATION-052826

05/28/2026

EMPLOYEE CERTIFICATION REIMBURSEMENT

$225.00

ACH

8180

ULINE, INC.

Invoice

Invoice Date

Comment

Amount

208344749

05/20/2026

MATERIALS AND SUPPLIES

$352.07

10082

UNITED PET CARE LLC

Invoice

Invoice Date

Comment

Amount

060526

06/05/2026

EMPLOYEE VOLUNTARY PET CARE BENEFITS

$595.50

ACH

ACH

ACH

ACH

ACH

ACH

06/10/2026

06/10/2026

06/10/2026

06/10/2026

06/10/2026

06/10/2026

06/10/2026

$8,446.25
ul

$2,029.13
ul

$268.19
ul

$2,165.00
ul

$17,460.00
ul

$225.00
ul

$352.07
ul

$595.50
ul

Page 25 of 66

Cash Disbursement Report
Company: 10
Check #
101913

101914

101915

101916

101917

221003

221004

221005

8/19/2026

Type

Check Date

ACH

06/10/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

10375

WATERLINE TECHNOLOGIES INC

Invoice

Invoice Date

Comment

Amount

5794151

05/18/2026

HYPOCHLORITE SOLUTION

$1,254.21

108014

WAV LLC

Invoice

Invoice Date

Comment

Amount

938265

05/18/2026

MATERIALS AND SUPPLIES

$1,919.94

5337

WE DO EQUIPMENT

Invoice

Invoice Date

Comment

Amount

W327977

05/15/2026

AUTO SERVICES

$802.66

107938

WCC TECHNOLOGIES GROUP

Invoice

Invoice Date

Comment

Amount

38962

05/22/2026

LABOR AND SERVICES - INSTALL CABLING NETWORK

$4,180.00

1315

WRCRWA

Invoice

Invoice Date

Comment

Amount

IN-2783

05/20/2026

FLOW CHARGES - TREATMENT AND CONVEYANCE - APRIL 2026

$37,804.50

IN-2788

05/20/2026

FIXED CHARGES - TREATMENT AND CONVEYANCE - JUNE 2026

$87,125.11

IN-2792

05/20/2026

REIMBURSEMENT FOR WESTERN VENDRO SYNAGRO INVOICE PAID BY WRCRWA

$7,380.79

IN-2793

05/20/2026

4TH QUARTER CAPITAL BILLING FY25-26

$139,560.50

6521

ADVANCED UTILITY SYSTEMS

Invoice

Invoice Date

Comment

Amount

HCC06912

11/21/2025

2025 HARRIS CUSTOMER TRAINING CONFERENCE - VICTOR CANO

$1,500.00

10403

AMERICA TRUCK DRIVING SCHOOL

Invoice

Invoice Date

Comment

Amount

052726

05/27/2026

DRIVING SCHOOL REGISTRATION FEES - MASON MCCALL CLASS A/B TRUCK DRIVER TRAINING

$4,445.00

4811

APPLIED INDUSTRIAL TECHNOLOGIES

Invoice

Invoice Date

Comment

Amount

7034604589

05/21/2026

MATERIALS AND SUPPLIES

$132.25

ACH

ACH

ACH

ACH

CHK

CHK

CHK

06/10/2026

06/10/2026

06/10/2026

06/10/2026

06/10/2026

06/10/2026

06/10/2026

$1,254.21
ul

$1,919.94
ul

$802.66
ul

$4,180.00
ul

$271,870.90
ul

$1,500.00
ul

$4,445.00
ul

$132.25
ul

Page 26 of 66

Cash Disbursement Report
Company: 10
Check #
221006

221007

221008

221009

221010

221011

8/19/2026

Type

Check Date

CHK

06/10/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

10684

BACKFLOW SOLUTIONS INC.

Invoice

Invoice Date

Comment

Amount

11471

05/21/2026

APRIL 2026 BACKFLOW TEST SUBMITTALS

$355.95

5855

BRENDA DENNSTEDT

Invoice

Invoice Date

Comment

Amount

053026

06/04/2026

MILEAGE REIMBURSEMENT - BOARD OF DIRECTORS

$94.25

4697

BURRTEC WASTE INDUSTRIES INC

Invoice

Invoice Date

Comment

Amount

N0821169102

06/01/2026

TRASH/RECYCLE SERVICES - JEFFERSON PUMP STATION

$389.51

9672

CAL VALVE, INC.

Invoice

Invoice Date

Comment

Amount

16901-REVISED

05/19/2026

MATERIALS AND SUPPLIES

$327.31

CHK

9571

CINTAS FIRST AID & SAFETY

Invoice

Invoice Date

Comment

Amount

4269557061

05/18/2026

UNIFORMS

$129.16

4269690603

05/19/2026

SAFETY PPE

$207.01

4269691589

05/19/2026

UNIFORMS

$1,340.80

4269919919

05/20/2026

UNIFORMS

$340.39

1112

CITY OF RIVERSIDE

Invoice

Invoice Date

Comment

Amount

0526-0225587000

06/02/2026

ELECTRIC UTILITY CHARGES

$39.63

0526-253273-105203

06/02/2026

ELECTRIC UTILITY CHARGES

$5,564.96

0526-253273-112401

06/02/2026

ELECTRIC UTILITY CHARGES

$1,691.03

0526-253273-117157

05/29/2026

ELECTRIC UTILITY CHARGES

$39.97

0526-253273-208265

06/01/2026

ELECTRIC UTILITY CHARGES

$12,454.87

0526-253273-208316

05/29/2026

ELECTRIC UTILITY CHARGES

$27,225.26

0526-257970-117159

05/29/2026

ELECTRIC UTILITY CHARGES

$37.75

0526-257970-228451

06/02/2026

ELECTRIC UTILITY CHARGES

$410.10

CHK

CHK

CHK

CHK

06/10/2026

06/10/2026

06/10/2026

06/10/2026

06/10/2026

$355.95
ul

$94.25
ul

$389.51
ul

$327.31
ul

$2,017.36
ul

$47,463.57
ul

Page 27 of 66

Cash Disbursement Report
Company: 10
Check #
221012

221013

221014

221015

221016

221017

221018

8/19/2026

Type

Check Date

CHK

06/10/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

5016

CORE & MAIN LP

Invoice

Invoice Date

Comment

Amount

Y991882

05/18/2026

MATERIALS AND SUPPLIES

$1,146.76

Z036912

05/18/2026

MATERIALS AND SUPPLIES

$37,012.13

7050

DIRECTV

Invoice

Invoice Date

Comment

Amount

083539502X020531

05/31/2026

INTERNET SERVICES

$119.99

CHK

4346

DLT SOLUTIONS LLC

Invoice

Invoice Date

Comment

Amount

SI735608

05/19/2026

INFOWATER LICENSE FEES

$5,363.36

SI735610

05/19/2026

ARCHITECTURE ENGINEERING AND CONSTRUCTION COLLECTION LICENSE FEES

$4,847.64

1043

EASTERN MWD

Invoice

Invoice Date

Comment

Amount

0626-947

06/03/2026

WHEELING CHARGE EM-17

$16,774.34

10770

EPIC LAND SOLUTIONS, INC.

Invoice

Invoice Date

Comment

Amount

539

04/22/2026

PROFESSIONAL SERVICES - LAND ACQUISITION SER INTERTIE

$1,434.57

10169

FAUZIA RIZVI

Invoice

Invoice Date

Comment

Amount

053026

06/04/2026

MILEAGE REIMBURSEMENT - BOARD OF DIRECTORS

$31.90

7624

FERGUSON WATERWORKS

Invoice

Invoice Date

Comment

Amount

0902512

03/26/2026

MATERIALS AND SUPPLIES

$235.00

0903815

05/13/2026

METER PARTS

$7,104.60

0907685

05/20/2026

MATERIALS AND SUPPLIES

$4,782.71

0907686

05/15/2026

MATERIALS AND SUPPLIES

$344.91

CHK

CHK

CHK

CHK

CHK

06/10/2026

06/10/2026

06/10/2026

06/10/2026

06/10/2026

06/10/2026

$38,158.89
ul

$119.99
ul

$10,211.00
ul

$16,774.34
ul

$1,434.57
ul

$31.90
ul

$12,467.22
ul

Page 28 of 66

Cash Disbursement Report
Company: 10
Check #
221019

221020

221021

221022

221023

8/19/2026

Type

Check Date

CHK

06/10/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

9076

FLYERS ENERGY LLC

Invoice

Invoice Date

Comment

Amount

26-637108

05/19/2026

DIESEL FUEL AND GASOLINE

$3,140.30

26-638033

05/21/2026

DIESEL FUEL AND GASOLINE

$2,430.02

26-639234

05/22/2026

DIESEL FUEL AND GASOLINE

$3,464.77

CFS-4611379

05/15/2026

DIESEL FUEL AND GASOLINE

$1,344.83

1024

FRANCHISE TAX BOARD

Invoice

Invoice Date

Comment

Amount

FTB-00008761

05/06/2026

STATE CONTROLLER 2025 OFFSETS PROGRAM

$53.75

CHK

CHK

06/10/2026

$10,379.92

$53.75

10389

GINGER HAN

Invoice

Invoice Date

Comment

Amount

CERTIFICATION-060326

06/03/2026

EMPLOYEE CERTIFICATION REIMBURSEMENT

$180.00

CHK

8067

GOLDEN STATE CONSULTANTS, INC.

Invoice

Invoice Date

Comment

Amount

10710

05/19/2026

CROSS CONNECTION AND BACKFLOW SERVICES

$5,894.00

10711

05/19/2026

CROSS CONNECTION AND BACKFLOW SERVICES

$4,734.00

10712

05/19/2026

CONSTRUCTION INSPECTION SERVICES

$1,048.50

10713

05/19/2026

CONSTRUCTION INSPECTION SERVICES

$759.50

10714

05/19/2026

CONSTRUCTION INSPECTION SERVICES

$6,463.50

10715

05/19/2026

CONSTRUCTION INSPECTION SERVICES

$2,483.50

10716

05/19/2026

CONSTRUCTION INSPECTION SERVICES

$3,726.50

10717

05/19/2026

CONSTRUCTION INSPECTION SERVICES

$207.50

10718

05/19/2026

CONSTRUCTION INSPECTION SERVICES

$426.00

10719

05/19/2026

CONSTRUCTION INSPECTION SERVICES

$587.00

10720

05/19/2026

CONSTRUCTION INSPECTION SERVICES

$1,150.50

10721

05/19/2026

CONSTRUCTION INSPECTION SERVICES

$207.50

9743

GRACIE TORRES

Invoice

Invoice Date

Comment

Amount

053026

06/04/2026

MILEAGE REIMBURSEMENT - BOARD OF DIRECTORS

$8.70

CHK

06/10/2026

06/10/2026

06/10/2026

ul

ul

$180.00
ul

$27,688.00
ul

$8.70
ul

Page 29 of 66

Cash Disbursement Report
Company: 10
Check #
221024

221025

221026

221027

221029

221030

221031

8/19/2026

Type

Check Date

CHK

06/10/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

107927

GREENFIELD LANDSCAPING AND MAINTENANCE, INC.

Invoice

Invoice Date

Comment

Amount

L-4756

04/15/2026

MONTHLY INVOICE LANDSCAPE SERVICES APRIL 2026

$4,757.90

L-4899

05/04/2026

MONTHLY INVOICE LANDSCAPE SERVICES - MARCH FIELD AIR BASE ADDITIONAL FENCING

$9,187.51

L-4901

05/05/2026

MONTHLY INVOICE LANDSCAPE SERVICES - STAR JASMINE PLANT INSTALLATION

$2,003.00

L-9919

03/16/2026

MONTHLY INVOICE LANDSCAPE SERVICES MARCH 2026

$4,757.90

T-619N

06/04/2026

MONTHLY INVOICE LANDSCAPE SERVICES MAY 2026

$4,757.90

T-620N

06/04/2026

MONTHLY INVOICE LANDSCAPE SERVICES JUNE 2026

$4,757.90

1237

HACH COMPANY

Invoice

Invoice Date

Comment

Amount

15010240

05/19/2026

MATERIALS AND SUPPLIES

$70.79

15015378

05/22/2026

MATERIALS AND SUPPLIES

$86.60

2859

HOME DEPOT INCORPORATED

Invoice

Invoice Date

Comment

Amount

7903929

05/19/2026

MATERIALS AND SUPPLIES

$59.71

9480

ICONIX WATERWORKS (US) INC.

Invoice

Invoice Date

Comment

Amount

U2616010030

03/26/2026

MATERIALS AND SUPPLIES

$635.91

U2616017435

05/20/2026

MATERIALS AND SUPPLIES

$3,101.05

10213

KAUFMAN LEGAL GROUP

Invoice

Invoice Date

Comment

Amount

76417

05/18/2026

LOBBYING COMPLIANCE - APRIL 2026

$500.00

8068

KIMLEY HORN

Invoice

Invoice Date

Comment

Amount

35581540

04/30/2026

PROFESSIONAL SERVICES - BERGAMONT PARK

$5,627.75

CHK

CHK

CHK

CHK

CHK

CHK

06/10/2026

06/10/2026

06/10/2026

06/10/2026

06/10/2026

$30,222.11

$157.39
ul

$59.71
ul

$3,736.96
ul

$500.00
ul

$5,627.75

9542

LEE & RO, INC.

Invoice

Invoice Date

Comment

Amount

1278/14

05/19/2026

PROFESSIONAL SERVICES - WELL 7 EQUIPPING AND PIPELINE PROJECT

$2,241.50

06/10/2026

ul

ul

$2,241.50
ul

Page 30 of 66

Cash Disbursement Report
Company: 10
Check #
221032

221033

221035

221036

221037

221039

221040

221042

8/19/2026

Type

Check Date

CHK

06/10/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

3021

LINDE GAS & EQUIPMENT

Invoice

Invoice Date

Comment

Amount

56801310

05/21/2026

CYLINDER RENTALS

$146.04

4665

LOWE'S HOME CENTERS, LLC

Invoice

Invoice Date

Comment

Amount

977554-QRSFDD

05/05/2026

MATERIALS AND SUPPLIES

$569.72

CHK

7153

MCMASTER CARR SUPPLY CO

Invoice

Invoice Date

Comment

Amount

65251677

05/19/2026

MATERIALS AND SUPPLIES

$59.75

10021

MICHELLE MARQUEZ

Invoice

Invoice Date

Comment

Amount

060226

06/02/2026

EMPLOYEE EXPENSE REIMBURSEMENT - ITEMS PURCHASED FOR WELLNESS WEDNESDAY

$46.51

10072

MIKE GARDNER

Invoice

Invoice Date

Comment

Amount

053026

05/30/2026

MILEAGE REIMBURSEMENT - BOARD OF DIRECTORS

$24.65

10696

MONRO

Invoice

Invoice Date

Comment

Amount

326777

05/15/2026

TIRES AND TIRE SERVICES

$1,253.35

7248

MSC INDUSTRIAL SUPPLY COMPANY

Invoice

Invoice Date

Comment

Amount

45788371

05/19/2026

MATERIALS AND SUPPLIES

$482.45

46982301

05/22/2026

MATERIALS AND SUPPLIES

$1,932.01

9727

O'REILLY AUTO ENTERPRISES

Invoice

Invoice Date

Comment

Amount

3814-202400

05/20/2026

AUTO PARTS

$52.15

3814-202580

05/21/2026

AUTO PARTS

$120.42

3814-202581

05/21/2026

AUTO PARTS

$62.47

CHK

CHK

CHK

CHK

CHK

CHK

06/10/2026

06/10/2026

06/10/2026

06/10/2026

06/10/2026

06/10/2026

06/10/2026

$146.04
ul

$569.72
ul

$59.75
ul

$46.51
ul

$24.65
ul

$1,253.35
ul

$2,414.46
ul

$235.04
ul

Page 31 of 66

Cash Disbursement Report
Company: 10
Check #
221043

221044

221045

221046

221047

8/19/2026

Type

Check Date

CHK

06/10/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

2134

OFFICE DEPOT

Invoice

Invoice Date

Comment

Amount

469607087001

05/14/2026

OFFICE SUPPLIES

$577.15

469611833001

05/14/2026

OFFICE SUPPLIES

$22.92

469842028001

05/15/2026

OFFICE SUPPLIES

$235.89

469842210001

05/15/2026

OFFICE SUPPLIES

$136.56

469842212001

05/15/2026

OFFICE SUPPLIES

$88.02

469842213001

05/18/2026

OFFICE SUPPLIES

$79.13

469842214001

05/15/2026

OFFICE SUPPLIES

$129.29

CHK

10281

PACIFIC ELECTRIC

Invoice

Invoice Date

Comment

Amount

84650

03/03/2026

MATERIALS AND SUPPLIES

$4,902.63

10074

QUALITY SURFACE MAINTENANCE

Invoice

Invoice Date

Comment

Amount

01316

05/18/2026

STREET SWEEPING SERVICES - WWRF

$575.00

1132

RANCHO CALIFORNIA WATER DISTRICT

Invoice

Invoice Date

Comment

Amount

BL-271-1

05/20/2026

MAA FUND LEAK NOTIFICATION SOFTWARE

$9,750.00

BL-274

05/21/2026

MAA FUND LEAK NOTIFICATION SOFTWARE

$3,650.00

1659

SANTA ANA RIVER WATERMASTER

Invoice

Invoice Date

Comment

Amount

042726

04/27/2026

WESTERN COST SHARE FOR SANTA ANA RIVER WATERMASTER FY25/26

$2,000.00

CHK

CHK

CHK

06/10/2026

06/10/2026

06/10/2026

06/10/2026

$1,268.96
ul

$4,902.63
ul

$575.00
ul

$13,400.00
ul

$2,000.00
ul

Page 32 of 66

Cash Disbursement Report
Company: 10
Check #
221048

221049

221051

221052

8/19/2026

Type

Check Date

CHK

06/10/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

8993

SANTA ROSA REGIONAL RESOURCES AUTHORITY

Invoice

Invoice Date

Comment

Amount

2025-SRRRAOP-W

05/21/2026

COST ALLOCATION OF FY24/25 ANALYSIS OF OPERATION EXPENSES

$989.00

2026-SRRRACAP-W-01

05/21/2026

CAPITAL REPLACEMENT SHARE APRIL 2026

$26,541.73

2026-SRRRACAP-W-02

05/21/2026

CAPITAL REPLACEMENT SHARE MAY 2026

$26,541.73

2026-SRRRACAP-W-03

05/21/2026

CAPITAL REPLACEMENT SHARE JUNE 2026

$26,541.73

CHK

1131

SCE

Invoice

Invoice Date

Comment

Amount

0426-256000-191118

05/04/2026

ELECTRIC UTILITY CHARGES

$16.45

0526-256000-191118

06/03/2026

ELECTRIC UTILITY CHARGES

$15.42

0526-259000-091401

06/03/2026

ELECTRIC UTILITY CHARGES

$2,547.70

0526-V349N-003366

06/01/2026

ELECTRIC UTILITY CHARGES

$15,076.30

CHK

1564

SOUTH COAST AQMD

Invoice

Invoice Date

Comment

Amount

4727133

05/01/2026

AIR TOXICS "HOT SPOTS" FEE FACILITY ID 206527

$172.49

4729666

05/19/2026

ANNUAL RENEWAL FEES FACILITY ID 21814

$1,340.00

4729910

05/19/2026

ANNUAL RENEWAL FEES FACILITY ID 118526

$15,718.06

4730896

05/19/2026

EMISSIONS FEES FACILITY ID 21814

$176.41

4732124

05/19/2026

EMISSIONS FEES FACILITY ID 118526

$176.41

CHK

06/10/2026

06/10/2026

$80,614.19

$17,655.87
ul

$17,583.37

1564

SOUTH COAST AQMD

Invoice

Invoice Date

Comment

Amount

4724019

05/01/2026

AIR TOXICS "HOT SPOTS" FEE FACILITY ID 174664

$172.49

4725147

05/01/2026

AIR TOXICS "HOT SPOTS" FEE FACILITY ID 184795

$172.49

4725359

05/01/2026

AIR TOXICS "HOT SPOTS" FEE FACILITY ID 187147

$172.49

06/10/2026

ul

ul

$517.47
ul

Page 33 of 66

Cash Disbursement Report
Company: 10
Check #
221053

221054

221055

221056

221058

057235

101918

8/19/2026

Type

Check Date

CHK

06/10/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

1142

THE GAS COMPANY

Invoice

Invoice Date

Comment

Amount

0526-13353156

06/05/2026

GAS UTILITY CHARGES

$16.27

0526-15905710

05/28/2026

GAS UTILITY CHARGES

$18.24

0526-15916034

06/03/2026

GAS UTILITY CHARGES

$178.19

0526-16086599

06/04/2026

GAS UTILITY CHARGES

$234.25

0526-7700

06/05/2026

GAS UTILITY CHARGES

$19,286.24

7755

THOMAS HARDER & CO.

Invoice

Invoice Date

Comment

Amount

25-028-119.8

05/18/2026

HYDROGEOLOGICAL CONSULTING SERVICES

$958.75

1217

WASTE MANAGEMENT OF THE INLAND EMPIRE

Invoice

Invoice Date

Comment

Amount

8162905-2371-0

06/01/2026

COMMERCIAL WASTE DISPOSAL

$700.88

CHK

107711

WILLIAMS SCOTSMAN, INC.

Invoice

Invoice Date

Comment

Amount

9026215211

05/19/2026

CONTAINER RENTAL

$98.04

10055

ZUZANNA RAND

Invoice

Invoice Date

Comment

Amount

CERTIFICATION-060326

06/03/2026

EMPLOYEE CERTIFICATION REIMBURSEMENT

$180.00

WIR

108035

SAN DIEGO COUNTY WATER AUTHORITY

Invoice

Invoice Date

Comment

Amount

0426-301

06/11/2026

WIRE TRANSFER - TREATED AND UNTREATED WATER DELIVERIES

$787,224.80

6680

ADVANCE REFRIGERATION & ICE

Invoice

Invoice Date

Comment

Amount

56942

03/23/2026

ICE MACHINE CLEANING - MERIDIAN

$997.91

CHK

CHK

CHK

ACH

06/10/2026

06/10/2026

06/10/2026

06/10/2026

06/11/2026

06/17/2026

$19,733.19
ul

$958.75
ul

$700.88
ul

$98.04
ul

$180.00
ul

$787,224.80
ul

$997.91
ul

Page 34 of 66

Cash Disbursement Report
Company: 10
Check #
101919

101920

101921

8/19/2026

Type

Check Date

ACH

06/17/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

1158

ALBERT A WEBB ASSOCIATES

Invoice

Invoice Date

Comment

Amount

ARIV0012735

05/23/2026

PROFESSIONAL SERVICES - TR 38094 ON-SITE WATER

$3,854.37

ARIV0012736

05/23/2026

PROFESSIONAL SERVICES - STANDBY OBSERVATIONS

$2,768.91

ARIV0012747

05/23/2026

PROFESSIONAL SERVICES - DOWNTOWN MARKETPLACE

$211.50

ARIV0012785

05/23/2026

PROFESSIONAL SERVICES - KENSINGTON APARTMENTS

$25,678.50

ARIV0012803

05/23/2026

PROFESSIONAL SERVICES - RITE SCOOP SEWER

$212.70

107713

ALTA PLANNING + DESIGN, INC

Invoice

Invoice Date

Comment

Amount

304.0002024.181-12

05/28/2026

PROFESSIONAL SERVICES - MUSEUM DEMONSTRATION GARDEN

$1,449.41

ACH

8612

AMAZON.COM LLC

Invoice

Invoice Date

Comment

Amount

133T-YV3G-3MK6

06/01/2026

SUPPLIES

$150.22

136G-PTXT-Y3RY

06/01/2026

SUPPLIES

$123.60

13PN-13KG-TNTN

06/01/2026

SUPPLIES

$135.14

13R1-F7J9-NVHK

06/01/2026

SUPPLIES

$102.94

141T-4JR9-NRJT

06/01/2026

SUPPLIES

$29.47

14HG-MMHG-71P1

06/01/2026

SUPPLIES

$169.65

14HG-MMHG-CYL6

06/01/2026

SUPPLIES

$258.86

16LN-3MJG-4QFN

06/01/2026

SUPPLIES

$98.83

1CGV-9FKL-977X

06/01/2026

OFFICE SUPPLIES

$629.75

1JJ1-FHW3-VWXC

06/01/2026

OFFICE SUPPLIES

$54.14

1K13-CYYN-N3TJ

06/01/2026

SUPPLIES

$980.24

1K13-CYYN-WNNQ

06/01/2026

SUPPLIES

$1,452.40

1KJF-KYVG-W49W

06/01/2026

SUPPLIES

$731.23

1R3K-HJRY-G9FC

06/01/2026

SUPPLIES

$43.05

1YJH-FWWR-XFM9

05/01/2026

OFFICE SUPPLIES

$128.10

ACH

06/17/2026

06/17/2026

$32,725.98
ul

$1,449.41
ul

$5,087.62
ul

Page 35 of 66

Cash Disbursement Report
Company: 10
Check #
101922

101923

101924

8/19/2026

Type

Check Date

ACH

06/17/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

1017

BABCOCK LABORATORIES INC

Invoice

Invoice Date

Comment

Amount

CE61248-7136

05/23/2026

WATER TESTING SERVICES

$12.00

CE61258-7136

05/24/2026

WATER TESTING SERVICES

$110.00

CE61259-7135

05/24/2026

WATER TESTING SERVICES

$125.00

CE61317-7138

05/26/2026

WATER TESTING SERVICES

$504.50

CE61318-7138

05/26/2026

WATER TESTING SERVICES

$345.00

CE61346-7135

05/26/2026

WATER TESTING SERVICES

$22.00

CE61354-7136

05/27/2026

WATER TESTING SERVICES

$110.00

CE61355-7136

05/27/2026

WATER TESTING SERVICES

$22.00

CE61356-7135

05/27/2026

WATER TESTING SERVICES

$22.00

CE61359-7135

05/27/2026

WATER TESTING SERVICES

$22.00

CE61424-7138

05/27/2026

WATER TESTING SERVICES

$199.00

CE61535-7135

05/29/2026

WATER TESTING SERVICES

$22.00

CE61537-7137

05/29/2026

WATER TESTING SERVICES

$324.00

CE61542-7135

05/29/2026

WATER TESTING SERVICES

$66.00

CE61545-7135

05/29/2026

WATER TESTING SERVICES

$506.00

CE61557-7136

05/29/2026

WATER TESTING SERVICES

$110.00

CE61563-7138

05/29/2026

WATER TESTING SERVICES

$935.50

CE61564-7138

05/29/2026

WATER TESTING SERVICES

$345.00

ACH

5988

BARRY'S SECURITY SERVICE, INC

Invoice

Invoice Date

Comment

Amount

104548

05/25/2026

SECURITY SERVICES - EL SOBRANTE

$1,835.60

104554

05/25/2026

SECURITY SERVICES - MERIDIAN

$1,771.93

8252

BH ELECTRIC, INC

Invoice

Invoice Date

Comment

Amount

3552

05/29/2026

ELECTRICAL SERVICES - STERLING PUMP STATION

$6,866.34

3553

05/29/2026

ELECTRICAL SERVICES - STERLING PUMP STATION

$2,480.95

ACH

06/17/2026

06/17/2026

$3,802.00
ul

$3,607.53
ul

$9,347.29
ul

Page 36 of 66

Cash Disbursement Report
Company: 10
Check #
101925

101926

101927

101930

101931

101932

101935

101936

8/19/2026

Type

Check Date

ACH

06/17/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

10689

BRADYPLUS

Invoice

Invoice Date

Comment

Amount

11779227

05/29/2026

MATERIALS AND SUPPLIES

$712.64

10190

BRINKS INCORPORATED

Invoice

Invoice Date

Comment

Amount

13209808

06/01/2026

ARMORED TRUCK SERVICES

$499.74

6305

C WELLS PIPELINE MATERIALS

Invoice

Invoice Date

Comment

Amount

SINV26-3014

05/29/2026

PIPELINE REPAIR MATERIALS

$5,098.73

108006

COMPASS ROSE GIS

Invoice

Invoice Date

Comment

Amount

1539-C

05/27/2026

WATER LEAKS DASHBOARD

$8,568.75

6304

CPACINC.COM

Invoice

Invoice Date

Comment

Amount

SI-1303044

05/26/2026

VERKADA FOUR CAMERA MULTISENSOR LICENSE FEES

$11,074.95

ACH

ACH

ACH

ACH

ACH

06/17/2026

06/17/2026

06/17/2026

06/17/2026

$712.64

$499.74

DELL TECHNOLOGIES
Comment

Amount

10876582494

05/27/2026

IT HARDWARE

$1,547.57

108010

ECESIS DESIGN, LLC

Invoice

Invoice Date

Comment

Amount

1040

05/26/2026

FIRE STATIONS LANDSCAPE DESIGN SERVICES - REMAINING BALANCE

$7,000.00

7451

EHS INTERNATIONAL, INC.

Invoice

Invoice Date

Comment

Amount

3-21649R

05/28/2026

TRAINING SERVICES - HEAT ILLNESS PREVENTION AWARENESS

$1,045.00

3-21960R

05/27/2026

CURRICULUM DEVELOPMENT

$2,525.00

3-21964R

06/01/2026

PROGRAM AND POLICY DEVELOPMENT SERVICES

$2,525.00

ACH

06/17/2026

ul

$11,074.95

4518

06/17/2026

ul

$8,568.75

Invoice Date

ACH

ul

$5,098.73

Invoice

06/17/2026

ul

ul

$1,547.57
ul

$7,000.00
ul

$6,095.00
ul

Page 37 of 66

Cash Disbursement Report
Company: 10
Check #
101937

101938

101939

101940

101941

101942

101943

8/19/2026

Type

Check Date

ACH

06/17/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

1041

ELSINORE VALLEY MUNICIPAL WATER DISTRICT

Invoice

Invoice Date

Comment

Amount

BI 6517

06/08/2026

WATER PURCHASE - PALM AVE

$9,780.68

10211

FG SOLUTIONS, LLC

Invoice

Invoice Date

Comment

Amount

WMWD-DFEE-2003

04/09/2026

PROFESSIONAL SERVICES - DISTRICT DEVELOPMENT FEES UPDATE

$8,821.40

WMWD-DFEE-2004

05/07/2026

PROFESSIONAL SERVICES - DISTRICT DEVELOPMENT FEES UPDATE

$10,080.77

ACH

9891

FPC GRAPHICS

Invoice

Invoice Date

Comment

Amount

97168

05/28/2026

PRINTING SERVICES - MARB RIBBON CUTTING CEREMONY BROCHURES

$654.22

97190P

06/09/2026

POSTAGE FOR THE CCR POSTCARDS

$6,729.59

97196

05/27/2026

PRINTING SERVICES - CANOPIES FOR OPERATIONS

$845.84

107719

G-FORCE TECHNOLOGY CONSULTING LLC

Invoice

Invoice Date

Comment

Amount

SIN000296

05/16/2026

INFOR CONSULTING SERVICES

$112.50

9988

GEORGE CARDENAS

Invoice

Invoice Date

Comment

Amount

MEMBERSHIP-060126

06/01/2026

EMPLOYEE CERTIFICATION REIMBURSEMENT

$370.00

ACH

8442

GHD Inc.

Invoice

Invoice Date

Comment

Amount

380-0091617

05/28/2026

PROFESSIONAL SERVICES - DEVELOPMENT SERVICES PLAN CHECKS

$911.00

1452

GRAINGER

Invoice

Invoice Date

Comment

Amount

9933406713

05/29/2026

MATERIALS AND SUPPLIES

$177.49

ACH

ACH

ACH

ACH

06/17/2026

06/17/2026

06/17/2026

06/17/2026

06/17/2026

06/17/2026

$9,780.68
ul

$18,902.17
ul

$8,229.65
ul

$112.50
ul

$370.00
ul

$911.00
ul

$177.49
ul

Page 38 of 66

Cash Disbursement Report
Company: 10
Check #
101944

101945

101948

101949

101950

101951

101952

8/19/2026

Type

Check Date

ACH

06/17/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

1793

GRAYBAR ELECTRIC

Invoice

Invoice Date

Comment

Amount

9353171788

05/14/2026

MATERIALS AND SUPPLIES

$100.81

9353224665

05/19/2026

MATERIALS AND SUPPLIES

$38.36

9353242162

05/20/2026

MATERIALS AND SUPPLIES

$22.93

9771

HOSE KING

Invoice

Invoice Date

Comment

Amount

00101500

05/22/2026

MATERIALS AND SUPPLIES

$335.42

ACH

ACH

06/17/2026

$162.10

$335.42

10768

KENNETH SMITH

Invoice

Invoice Date

Comment

Amount

053026

06/04/2026

EMPLOYEE EXPENSE REIMBURSEMENT - TRAVEL/CONFERENCE

$331.76

5518

KING LEE CHEMICAL COMPANY INC

Invoice

Invoice Date

Comment

Amount

13757

05/29/2026

LIQUID ANTISCALANT

$5,738.90

108011

KME SYSTEMS, LLC

Invoice

Invoice Date

Comment

Amount

KME506557

01/27/2026

WISE WEBSITE MAINTENANCE

$3,900.00

3049

KRIEGER & STEWART, INC

Invoice

Invoice Date

Comment

Amount

52198

05/22/2026

PROFESSIONAL SERVICES - GENERAL ENGINEERING SERVICES SUPPORT

$573.00

52199

05/22/2026

PROFESSIONAL SERVICES - FIRE FLOW MODELING

$5,764.50

52222

05/22/2026

PROFESSIONAL SERVICES - MARB KC 46 HANGAR WATER AND SEWER IMPROVEMENT PLAN CHECK

$277.25

ACH

ACH

ACH

ACH

06/17/2026

06/17/2026

06/17/2026

06/17/2026

ul

$331.76
ul

$5,738.90
ul

$3,900.00
ul

$6,614.75

7904

LAWNSCAPE SYSTEMS

Invoice

Invoice Date

Comment

Amount

1818

05/27/2026

LANDSCAPE SERVICES

$375.00

459726

05/27/2026

LANDSCAPE SERVICES

$500.00

06/17/2026

ul

ul

$875.00
ul

Page 39 of 66

Cash Disbursement Report
Company: 10
Check #
101953

101957

101958

101960

101961

101962

101963

101964

8/19/2026

Type

Check Date

ACH

06/17/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

5764

LITTLEJOHN-REULAND CORPORATION

Invoice

Invoice Date

Comment

Amount

0068254

05/28/2026

LABOR AND SERVICES

$510.00

8652

MESA FENCE CO, INC

Invoice

Invoice Date

Comment

Amount

10142

05/27/2026

FENCE INSTALLATION - 11621 STERLING AVE, RIVERSIDE

$6,900.00

8855

MICHAEL BAKER INTERNATIONAL

Invoice

Invoice Date

Comment

Amount

1287208

05/22/2026

PROFESSIONAL SERVICES - ORANGECREST AND LAKE MATTHEWS CONSTRUCTION SUPPORT

$7,557.85

10741

NYDIA DOOLITTLE

Invoice

Invoice Date

Comment

Amount

051526

06/11/2026

EMPLOYEE EXPENSE REIMBURSEMENT - TRAVEL/CONFERENCE

$277.37

ACH

ACH

ACH

ACH

06/17/2026

06/17/2026

06/17/2026

$510.00

$6,900.00

10397

PIONEER AMERICAS
Comment

Amount

900723176

05/25/2026

SODIUM HYPOCHLORITE

$10,110.42

8280

PRIME SYSTEMS INDUSTRIAL AUTOMATION, INC

Invoice

Invoice Date

Comment

Amount

0274B-27

05/20/2026

DISTRICT SCADA PROGRAMMING AND SUPPORT

$16,102.60

4573

PSOMAS

Invoice

Invoice Date

Comment

Amount

234909

05/27/2026

GIS STRATEGIC PLAN IMPLEMENTATION FY 25/26

$7,853.00

234932

05/20/2026

PROFESSIONAL SERVICE - METER DATA ALIGNMENT PROJECT

$1,757.50

10286

QUALIFIED MOBILE INC

Invoice

Invoice Date

Comment

Amount

342367

05/26/2026

FLEET VEHICLE CLEANING SERVICES

$400.53

342368

05/26/2026

FLEET VEHICLE CLEANING SERVICES

$300.34

ACH

ACH

06/17/2026

06/17/2026

06/17/2026

ul

$277.37

Invoice Date

ACH

ul

$7,557.85

Invoice

06/17/2026

ul

ul

$10,110.42
ul

$16,102.60
ul

$9,610.50
ul

$700.87
ul

Page 40 of 66

Cash Disbursement Report
Company: 10
Check #
101965

101967

101969

101971

101972

101976

8/19/2026

Type

Check Date

ACH

06/17/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

9468

RIVERSIDE AUTO PARTS INC

Invoice

Invoice Date

Comment

Amount

729674

05/26/2026

AUTO PARTS

$184.24

729762

05/27/2026

AUTO PARTS

$103.31

729780

05/27/2026

AUTO PARTS

$175.61

729826

05/27/2026

AUTO PARTS

$141.93

729828

05/27/2026

AUTO PARTS

$165.61

729904

05/28/2026

AUTO PARTS

$3,750.20

729934

05/29/2026

AUTO PARTS

$146.52

729956

05/29/2026

AUTO PARTS

$59.24

3150

ROYAL INDUSTRIAL SOLUTIONS

Invoice

Invoice Date

Comment

Amount

6441-1182543

05/27/2026

MATERIALS AND SUPPLIES

$463.97

6441-1183415

05/27/2026

MATERIALS AND SUPPLIES

$231.99

1127

SAWPA

Invoice

Invoice Date

Comment

Amount

10908

04/30/2026

BRINELINE TRUCK DISCHARGE - APRIL 2026

$6,004.67

10914

04/30/2026

BRINELINE DISCHARGE MONTHLY FIXED & VARIABLE CHARGES - APRIL 2026

$426,273.10

10373

STEPHANIE MARRICCO

Invoice

Invoice Date

Comment

Amount

051226

06/01/2026

EMPLOYEE EXPENSE REIMBURSEMENT - TRAVEL/EVENT

$710.78

8130

STEVEN ENGINEERING, INC.

Invoice

Invoice Date

Comment

Amount

6138337-00

05/20/2026

MATERIALS AND SUPPLIES

$300.54

7126

UNITED WAY OF INLAND VALLEY

Invoice

Invoice Date

Comment

Amount

060326

06/03/2026

EMPLOYEE PAYROLL DONATIONS

$122.00

ACH

ACH

ACH

ACH

ACH

06/17/2026

06/17/2026

06/17/2026

06/17/2026

06/17/2026

$4,726.66
ul

$695.96
ul

$432,277.77
ul

$710.78
ul

$300.54
ul

$122.00
ul

Page 41 of 66

Cash Disbursement Report
Company: 10
Check #
101977

101978

101979

101980

101981

101982

221060

221062

8/19/2026

Type

Check Date

ACH

06/17/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

1850

VERIZON WIRELESS - LA

Invoice

Invoice Date

Comment

Amount

6145242218

06/03/2026

TELEPHONE SERVICES

$243.08

10375

WATERLINE TECHNOLOGIES INC

Invoice

Invoice Date

Comment

Amount

5795444

05/26/2026

HYPOCHLORITE SOLUTION

$2,821.97

5795445

05/27/2026

HYPOCHLORITE SOLUTION

$632.93

108014

WAV LLC

Invoice

Invoice Date

Comment

Amount

936789

05/06/2026

MATERIALS AND SUPPLIES

$472.39

938495

05/19/2026

MATERIALS AND SUPPLIES

$371.46

7980

WEST COAST SAND & GRAVEL INC

Invoice

Invoice Date

Comment

Amount

953427

04/30/2026

MATERIALS

$2,353.02

962607

05/27/2026

MATERIALS

$549.09

7906

YORKE ENGINEERING, LLC

Invoice

Invoice Date

Comment

Amount

49791

05/20/2026

AIR QUALITY ENVIRONMENTAL & SAFETY SERVICES

$720.50

107822

Z'S WINDOW CLEANING

Invoice

Invoice Date

Comment

Amount

2878

05/26/2026

WINDOW CLEANING SERVICES - MERIDIAN

$3,935.00

9695

APPLIED BEST PRACTICES

Invoice

Invoice Date

Comment

Amount

32114

05/26/2026

2025 CONTINUING DISCLOSURE ANNUAL REPORT

$1,500.00

10571

AT&T MOBILITY

Invoice

Invoice Date

Comment

Amount

287326831086X06012026

06/02/2026

TELEPHONE SERVICES

$4,759.53

ACH

ACH

ACH

ACH

ACH

CHK

CHK

06/17/2026

06/17/2026

06/17/2026

06/17/2026

06/17/2026

06/17/2026

06/17/2026

$243.08
ul

$3,454.90
ul

$843.85
ul

$2,902.11
ul

$720.50
ul

$3,935.00
ul

$1,500.00
ul

$4,759.53
ul

Page 42 of 66

Cash Disbursement Report
Company: 10
Check #
221063

221064

221065

221066

221067

221068

221069

8/19/2026

Type

Check Date

CHK

06/17/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

10388

BRANT BENDER PHOTOGRAPHY, INC.

Invoice

Invoice Date

Comment

Amount

3219

05/26/2026

PORTRAIT PHOTOGRAPHY SERVICES

$4,000.00

1560

CA-NV SECTION AWWA

Invoice

Invoice Date

Comment

Amount

SO298986

06/15/2026

EMPLOYEE MEMBERSHIPS FOR AMERICAN WATER WORKS ASSOCIATION

$5,233.00

107849

CANON U.S.A., INC.

Invoice

Invoice Date

Comment

Amount

6016133037

05/29/2026

COPIER MAINTENANCE - EL SOBRANTE

$1,771.17

6016133038

05/29/2026

COPIER MAINTENANCE - MERIDIAN

$256.80

9571

CINTAS FIRST AID & SAFETY

Invoice

Invoice Date

Comment

4270335263

05/26/2026

UNIFORMS

$129.16

4270543020

05/27/2026

SAFETY PPE

$207.01

4270543408

05/27/2026

UNIFORMS

$1,340.80

4270550765

05/27/2026

UNIFORMS

$255.34

1112

CITY OF RIVERSIDE

Invoice

Invoice Date

Comment

Amount

0526-023357001

06/09/2026

ELECTRIC UTILITY CHARGES

$698.36

CHK

1909

CITY OF RIVERSIDE RUTX

Invoice

Invoice Date

Comment

Amount

RUTX-061626

06/16/2026

CITY OF RIVERSIDE UTILITY USERS TAX - MAY 2026

$95,503.70

10363

CM WASH EQUIPMENT

Invoice

Invoice Date

Comment

Amount

33644

05/22/2026

WASH BAY SERVICES AND MATERIALS

$563.13

CHK

CHK

CHK

CHK

CHK

06/17/2026

06/17/2026

06/17/2026

06/17/2026

06/17/2026

06/17/2026

$4,000.00
ul

$5,233.00
ul

$2,027.97
ul

$1,932.31
Amount

ul

$698.36
ul

$95,503.70
ul

$563.13
ul

Page 43 of 66

Cash Disbursement Report
Company: 10
Check #
221070

221071

221072

221073

221074

221075

221076

8/19/2026

Type

Check Date

CHK

06/17/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

5016

CORE & MAIN LP

Invoice

Invoice Date

Comment

Amount

Y995105

05/29/2026

MATERIALS AND SUPPLIES

$7,746.46

Z058643

05/27/2026

MATERIALS AND SUPPLIES

$4,396.20

Z117904

05/29/2026

MATERIALS AND SUPPLIES

$638.75

1406

DEPARTMENT OF ENVIRONMENTAL HEALTH

Invoice

Invoice Date

Comment

Amount

IN1086765

05/18/2026

HAZARDOUS MATERIALS BUSINESS PLAN PROGRAM - LEVEL II HANDLER PERMIT

$1,374.00

CHK

CHK

06/17/2026

$12,781.41

$1,374.00

10707

DIAMOND STAR COMMERCIAL VEHICLES SOCAL LLC

Invoice

Invoice Date

Comment

Amount

04P322900

05/27/2026

MATERIALS AND SUPPLIES

$7.00

04P323265

05/29/2026

MATERIALS AND SUPPLIES

$109.20

7029

DISH DBS CORPORATION

Invoice

Invoice Date

Comment

Amount

0626-1953643

06/11/2026

SATELLITE SERVICES

$129.76

9907

DONALD HARRIGER

Invoice

Invoice Date

Comment

Amount

329210-6

05/19/2026

WATERMASTER CONSULTING SERVICES

$2,600.00

329210-7

05/19/2026

WATERMASTER CONSULTING SERVICES

$400.00

329210-8

05/19/2026

WATERMASTER CONSULTING SERVICES

$4,200.00

107799

EXLINE, INC.

Invoice

Invoice Date

Comment

Amount

0173657

05/27/2026

PARTS AND SUPPLIES

$3,376.22

9076

FLYERS ENERGY LLC

Invoice

Invoice Date

Comment

Amount

26-640419

05/26/2026

DIESEL FUEL AND GASOLINE

$3,300.46

26-642808

05/29/2026

DIESEL FUEL AND GASOLINE

$2,580.82

CHK

CHK

CHK

CHK

06/17/2026

06/17/2026

06/17/2026

06/17/2026

06/17/2026

ul

ul

$116.20
ul

$129.76
ul

$7,200.00
ul

$3,376.22
ul

$5,881.28
ul

Page 44 of 66

Cash Disbursement Report
Company: 10
Check #
221079

221080

221083

221084

221085

221086

221087

221088

8/19/2026

Type

Check Date

CHK

06/17/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

9118

JPR Systems Inc

Invoice

Invoice Date

Comment

Amount

36102

04/15/2026

CALIBRATION SERVICES - WWRF

$1,483.75

1579

JURUPA COMMUNITY SERVICES DISTRICT

Invoice

Invoice Date

Comment

Amount

2026-00000021

05/26/2026

WRCRWA REGIONAL PUMP STATION AGENCY SHARED COST CONSTRUCTION PHASE

$561,777.06

CHK

10021

MICHELLE MARQUEZ

Invoice

Invoice Date

Comment

Amount

102225

06/04/2026

EMPLOYEE EXPENSE REIMBURSEMENT - MILEAGE/EVENTS

$18.69

7248

MSC INDUSTRIAL SUPPLY COMPANY

Invoice

Invoice Date

Comment

Amount

47649981

05/26/2026

MATERIALS AND SUPPLIES

$276.49

2134

OFFICE DEPOT

Invoice

Invoice Date

Comment

Amount

469794680001

05/27/2026

OFFICE SUPPLIES

$12.77

470892894001

05/25/2026

OFFICE SUPPLIES

$97.17

471101914001

05/22/2026

OFFICE SUPPLIES

$39.38

CHK

8636

QUADIENT FINANCE USA, INC.

Invoice

Invoice Date

Comment

Amount

114602074-060526

05/31/2026

POSTAGE PURCHASE

$1,000.00

CHK

8500

QUADIENT LEASING USA, INC.

Invoice

Invoice Date

Comment

Amount

Q2378683

05/24/2026

POSTAGE MACHINE LEASE

$582.21

CHK

CHK

CHK

CHK

06/17/2026

06/17/2026

06/17/2026

06/17/2026

06/17/2026

06/17/2026

$1,483.75

$561,777.06
ul

$18.69
ul

$276.49
ul

$149.32
ul

$1,000.00
ul

$582.21

9437

QUINN COMPANY

Invoice

Invoice Date

Comment

Amount

PCI00042028

05/28/2026

EQUIPMENT PARTS

$684.18

PCI00042029

05/28/2026

EQUIPMENT PARTS

$381.00

06/17/2026

ul

ul

$1,065.18
ul

Page 45 of 66

Cash Disbursement Report
Company: 10
Check #
221089

221090

221091

221092

221093

221094

221095

221096

8/19/2026

Type

Check Date

CHK

06/17/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

1132

RANCHO CALIFORNIA WATER DISTRICT

Invoice

Invoice Date

Comment

Amount

BL-269

05/18/2026

MAA FUND SO CAL GAS ASSISTANCE

$2,000.00

2478

RIVERSIDE COUNTY TLMA

Invoice

Invoice Date

Comment

Amount

TL0000018011

12/31/2025

ADJUSTMENT OF CONFLICTING UTILITY FACILITIES - CAJALCO ROAD RESURFACING PROJECT

$7,750.00

CHK

8091

RIVERSIDE HIGHLAND WATER COMPANY

Invoice

Invoice Date

Comment

Amount

5291-0526

06/04/2026

ANNUAL ASSESSMENT FOR SHARES

$17.30

1131

SCE

Invoice

Invoice Date

Comment

Amount

0226-25900-091401

03/04/2026

ELECTRIC UTILITY CHARGES

$403.02

0326-259000-091401

04/02/2026

ELECTRIC UTILITY CHARGES

$379.50

0426-259000-091401

05/04/2026

ELECTRIC UTILITY CHARGES

$2,327.49

0426-8853500

04/27/2026

ELECTRIC UTILITY CHARGES

$28,783.89

0426-8853527

04/27/2026

ELECTRIC UTILITY CHARGES

$14.36

108020

SLED IT SOLUTIONS, INC

Invoice

Invoice Date

Comment

Amount

260522IN

05/22/2026

MATERIALS AND SUPPLIES

$192,209.87

7898

SOLARWINDS, INC

Invoice

Invoice Date

Comment

Amount

IN755756

05/20/2026

SOLARWINDS NETWORK SUBSCRIPTION

$4,711.95

2299

TERMINIX INTERNATIONAL

Invoice

Invoice Date

Comment

Amount

471544301

04/30/2026

PEST CONTROL SERVICES - VARIOUS DISTRICT SITES

$2,700.00

1142

THE GAS COMPANY

Invoice

Invoice Date

Comment

Amount

0526-14157790

06/15/2026

GAS UTILITY CHARGES

$23.33

CHK

CHK

CHK

CHK

CHK

CHK

06/17/2026

06/17/2026

06/17/2026

06/17/2026

06/17/2026

06/17/2026

06/17/2026

$2,000.00
ul

$7,750.00
ul

$17.30
ul

$31,908.26
ul

$192,209.87
ul

$4,711.95
ul

$2,700.00
ul

$23.33
ul

Page 46 of 66

Cash Disbursement Report
Company: 10
Check #
221098

221100

1435665971

1435669059

101983

101984

8/19/2026

Type

Check Date

CHK

06/17/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

9558

VERTIGIS NORTH AMERICA LTD

Invoice

Invoice Date

Comment

Amount

IN-VGNA-00009768

03/11/2026

ANNUAL MAINTENANCE - GEOWEB

$7,504.00

CHK

7127

WMWD EMPLOYEE ASSOCIATION

Invoice

Invoice Date

Comment

Amount

060326

06/03/2026

EMPLOYEE PAYROLL DUES

$645.00

9476

GREAT-WEST LIFE & ANNUITY INSURANCE

Invoice

Invoice Date

Comment

Amount

061826-401A

06/18/2026

401A PLAN FUNDING

$11,455.58

9476

GREAT-WEST LIFE & ANNUITY INSURANCE

Invoice

Invoice Date

Comment

Amount

061826-457

06/18/2026

457 PLAN FUNDING

$40,513.15

107869

ACCESS VG, LLC

Invoice

Invoice Date

Comment

Amount

INV-1079701

06/01/2026

MONTHLY FEES - ACCESS PERKS JUNE 2026

$250.00

WIR

WIR

ACH

ACH

06/17/2026

06/18/2026

06/18/2026

06/24/2026

$7,504.00

$645.00
ul

$11,455.58
ul

$40,513.15
ul

$250.00

1158

ALBERT A WEBB ASSOCIATES

Invoice

Invoice Date

Comment

Amount

ARIV0012732

05/23/2026

INSPECTION SERVICES - NORTH WELL 2 HABITATION

$4,408.38

ARIV0012802

05/23/2026

PROFESSIONAL SERVICES - JEFFERSON AFFORDABLE FAMILY APARTMENTS

$288.00

ARIV0012824

05/23/2026

PROFESSIONAL SERVICES - MISSION VILLAGE RESTAURANT AND RETAIL

$995.00

ARIV0012825

05/23/2026

DESIGN SERVICES - EMWD/WMWD INTERCONNECTION ABANDONMENT

$4,423.00

ARIV0012826

05/23/2026

PROFESSIONAL SERVICES - MISSION GROVE APARTMENTS

$3,487.75

ARIV0012827

05/23/2026

PROFESSIONAL SERVICES - PROJECT NO 1966059 17055 VAN BUREN W RECYCLED WATER

$1,387.00

ARIV0012952

05/23/2026

PROFESSIONAL SERVICES - WATER SYSTEM OPTIMIZATION PLAN

$8,759.40

06/24/2026

ul

ul

$23,748.53
ul

Page 47 of 66

Cash Disbursement Report
Company: 10
Check #
101985

101986

101987

101988

101989

8/19/2026

Type

Check Date

ACH

06/24/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

10503

ALLISON LOUKEH & ASSOCIATES

Invoice

Invoice Date

Comment

Amount

2026-28

06/04/2026

PROFESSIONAL SERVICES - ON CALL SERVICES PROGRAM

$2,850.00

2026-29

06/04/2026

PROFESSIONAL SERVICES - CITY OF RIVERSIDE SUPPORT PROGRAM

$1,555.00

2026-30

06/04/2026

INSPECTION SERVICES - JCSD CII NON FUNCTIONAL TURF PILLAR RE HOLDINGS PROJECT - 4450
WINEVILLE RD

$315.00

2026-31

06/04/2026

PROFESSIONAL SERVICES - TURF TRANSFORMATION PROJECT

$2,850.00

108008

ALL4 LLC

Invoice

Invoice Date

Comment

Amount

00043788

05/31/2026

SERVICES - EMERGENCY WATERLINE REPAIR

$248.75

9814

AMAZON WEB SERVICES, INC.

Invoice

Invoice Date

Comment

Amount

2657812377

06/01/2026

AMAZON WEB SERVICES

$342.40

8612

AMAZON.COM LLC

Invoice

Invoice Date

Comment

Amount

141T-4JR9-LNKY

06/01/2026

SUPPLIES

$1,345.56

19FM-KMKL-TQRJ

06/01/2026

SUPPLIES

$944.53

ACH

10080

AWARDCO, LLC

Invoice

Invoice Date

Comment

Amount

SO116064

06/01/2026

EMPLOYEE RECOGNITION FUNDING - MAY 2026

$1,045.00

ACH

ACH

ACH

06/24/2026

06/24/2026

06/24/2026

06/24/2026

$7,570.00
ul

$248.75
ul

$342.40
ul

$2,290.09
ul

$1,045.00
ul

Page 48 of 66

Cash Disbursement Report
Company: 10
Check #
101990

101991

101993

101994

8/19/2026

Type

Check Date

ACH

06/24/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

1017

BABCOCK LABORATORIES INC

Invoice

Invoice Date

Comment

Amount

CF60003-7135

06/01/2026

WATER TESTING SERVICES

$226.00

CF60100-7138

06/02/2026

WATER TESTING SERVICES

$340.50

CF60122-7135

06/02/2026

WATER TESTING SERVICES

$22.00

CF60125-7136

06/02/2026

WATER TESTING SERVICES

$110.00

CF60127-7136

06/02/2026

WATER TESTING SERVICES

$66.00

CF60133-7137

06/02/2026

WATER TESTING SERVICES

$2,848.50

CF60139-7136

06/02/2026

WATER TESTING SERVICES

$66.00

CF60140-7136

06/02/2026

WATER TESTING SERVICES

$110.00

CF60145-7135

06/02/2026

WATER TESTING SERVICES

$22.00

CF60149-7136

06/02/2026

WATER TESTING SERVICES

$12.00

CF60311-7136

06/04/2026

WATER TESTING SERVICES

$448.00

CF60312-7136

06/04/2026

WATER TESTING SERVICES

$110.00

CF60313-7135

06/04/2026

WATER TESTING SERVICES

$66.00

CF60314-7135

06/04/2026

WATER TESTING SERVICES

$506.00

CF60350-7136

06/05/2026

WATER TESTING SERVICES

$268.80

CF60351-7136

06/05/2026

WATER TESTING SERVICES

$268.80

CF60354-7137

06/05/2026

WATER TESTING SERVICES

$175.00

CF60356-7136

06/05/2026

WATER TESTING SERVICES

$12.00

ACH

5988

BARRY'S SECURITY SERVICE, INC

Invoice

Invoice Date

Comment

Amount

104580

06/01/2026

SECURITY SERVICES - EL SOBRANTE

$1,804.64

104582

06/01/2026

SECURITY SERVICES - MERIDIAN

$1,268.98

1019

BEST BEST & KRIEGER

Invoice

Invoice Date

Comment

Amount

1063816

06/05/2026

LEGAL SERVICES

$34,582.31

9585

BIOMAGIC INC

Invoice

Invoice Date

Comment

Amount

151146

05/20/2026

ODOR CONTROL CHEMICALS

$1,037.09

ACH

ACH

06/24/2026

06/24/2026

06/24/2026

$5,677.60
ul

$3,073.62
ul

$34,582.31
ul

$1,037.09
ul

Page 49 of 66

Cash Disbursement Report
Company: 10
Check #
101995

101996

101997

101998

101999

102000

102001

102002

8/19/2026

Type

Check Date

ACH

06/24/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

10656

BSE ENGINEERING, INC

Invoice

Invoice Date

Comment

Amount

23-1494-1104-24

05/31/2026

PROFESSIONAL SERVICES - MOCKINGBIRD PUMP STATION GENERATOR

$690.00

ACH

6305

C WELLS PIPELINE MATERIALS

Invoice

Invoice Date

Comment

Amount

SINV26-3105

06/05/2026

PIPELINE REPAIR MATERIALS

$8,547.81

4251

CALIFORNIA BOILER

Invoice

Invoice Date

Comment

Amount

10034482

05/29/2026

BOILER SERVICES

$5,768.32

10034582

05/29/2026

BOILER SERVICES

$2,754.20

1029

CENTRAL COMMUNICATIONS

Invoice

Invoice Date

Comment

Amount

000040-549-471

06/01/2026

AFTER-HOURS ANSWERING SERVICES

$1,387.60

ACH

4727

CHANDLER ASSET MANAGEMENT INC

Invoice

Invoice Date

Comment

Amount

26-05-250

06/05/2026

INVESTMENT MANAGEMENT SERVICES

$12,063.17

8721

CHARLENE GUTIERREZ

Invoice

Invoice Date

Comment

Amount

12

06/01/2026

MEDICARE PART B PENALTY REIMBURSEMENT

$20.30

8864

COPELAND CONSULTING

Invoice

Invoice Date

Comment

Amount

429

05/31/2026

WATERMASTER CONSULTING SERVICES

$4,426.70

ACH

ACH

ACH

ACH

ACH

06/24/2026

06/24/2026

06/24/2026

06/24/2026

06/24/2026

06/24/2026

$690.00

$8,547.81
ul

$8,522.52
ul

$1,387.60
ul

$12,063.17
ul

$20.30
ul

$4,426.70

6304

CPACINC.COM

Invoice

Invoice Date

Comment

Amount

SI-1302893

04/22/2026

MATERIALS AND SUPPLIES

$3,061.71

SI-1303023

05/19/2026

MATERIALS AND SUPPLIES

$425.56

06/24/2026

ul

ul

$3,487.27
ul

Page 50 of 66

Cash Disbursement Report
Company: 10
Check #
102003

102004

102005

102007

102008

102009

102010

8/19/2026

Type

Check Date

ACH

06/24/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

6754

CYBEX SECURITY SOLUTIONS

Invoice

Invoice Date

Comment

Amount

2174109

06/01/2026

SECURITY MONITORING SERVICES - VARIOUS DISTRICT SITES

$1,068.95

4518

DELL TECHNOLOGIES

Invoice

Invoice Date

Comment

Amount

10877048960

06/01/2026

IT HARDWARE - NETWORKING FOR STORAGE- SWITCHES AND CABLING

$46,077.14

10877456386

06/03/2026

IT HARDWARE AND SOFTWARE

$922.39

7451

EHS INTERNATIONAL, iNC.

Invoice

Invoice Date

Comment

Amount

3-21982R

06/04/2026

TRAINING SERVICES - CURRICULUM DEVELOPMENT

$8,625.00

108002

ELITE PALLET SOLUTIONS, INC.

Invoice

Invoice Date

Comment

Amount

09531

05/13/2026

PARTS AND MATERIALS

$620.64

1041

ELSINORE VALLEY MUNICIPAL WATER DISTRICT

Invoice

Invoice Date

Comment

Amount

BI 6513

06/01/2026

SAN BERNARDINO BASIN AREA LEASE PAYMENT

$91,547.26

9891

FPC GRAPHICS

Invoice

Invoice Date

Comment

Amount

97166

06/01/2026

PRINTING SERVICES - BROCHURES

$145.46

97167

06/01/2026

PRINTING SERVICES - HATS WITH LOGOS

$2,331.24

1157

FRITTS FORD

Invoice

Invoice Date

Comment

Amount

285613

05/14/2026

AUTO PARTS AND SERVICES

$67.58

285645

05/15/2026

AUTO PARTS

$231.58

285698

05/20/2026

AUTO PARTS

$67.58

285745

05/26/2026

AUTO PARTS

$67.58

ACH

ACH

ACH

ACH

ACH

ACH

06/24/2026

06/24/2026

06/24/2026

06/24/2026

06/24/2026

06/24/2026

$1,068.95
ul

$46,999.53
ul

$8,625.00
ul

$620.64
ul

$91,547.26
ul

$2,476.70
ul

$434.32
ul

Page 51 of 66

Cash Disbursement Report
Company: 10
Check #
102011

102012

102013

102014

102015

102016

102017

102018

8/19/2026

Type

Check Date

ACH

06/24/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

9077

FRONTIER COMMUNICATIONS

Invoice

Invoice Date

Comment

Amount

0626-0168

06/01/2026

TELEPHONE SERVICES

$1,055.00

107719

G-FORCE TECHNOLOGY CONSULTING LLC

Invoice

Invoice Date

Comment

Amount

SIN000323

05/30/2026

CONSULTING SERVICES - INFOR

$112.50

9755

CALIFORNIA INTERNET LP

Invoice

Invoice Date

Comment

Amount

BD0285783

06/01/2026

INTERNET SERVICES - MURRIETA

$350.00

1452

GRAINGER

Invoice

Invoice Date

Comment

Amount

9937246099

06/02/2026

MATERIALS AND SUPPLIES

$65.67

9938739639

06/03/2026

MATERIALS AND SUPPLIES

$149.37

10545

JAKE ARBALLO

Invoice

Invoice Date

Comment

Amount

CERTIFICATION-060926

06/09/2026

EMPLOYEE CERTIFICATION REIMBURSEMENT

$71.93

ACH

5518

KING LEE CHEMICAL COMPANY INC

Invoice

Invoice Date

Comment

Amount

13790

06/05/2026

LIQUID ANTISCALANT

$5,228.78

108011

KME SYSTEMS, LLC

Invoice

Invoice Date

Comment

Amount

KME531968

05/15/2026

GENERAL SOFTWARE MAINTENANCE

$3,825.00

KME532527

05/19/2026

WISE WEBSITE MAINTENANCE

$5,212.50

KME537407

06/05/2026

GENERAL SOFTWARE MAINTENANCE

$3,600.00

KME537570

06/05/2026

WISE WEBSITE MAINTENANCE

$1,012.50

10395

KP PUBLIC AFFAIRS

Invoice

Invoice Date

Comment

Amount

7015157

06/01/2026

LEGISLATIVE SUPPORT - JUNE 2026

$10,000.00

ACH

ACH

ACH

ACH

ACH

ACH

06/24/2026

06/24/2026

06/24/2026

06/24/2026

06/24/2026

06/24/2026

06/24/2026

$1,055.00
ul

$112.50
ul

$350.00
ul

$215.04
ul

$71.93
ul

$5,228.78
ul

$13,650.00
ul

$10,000.00
ul

Page 52 of 66

Cash Disbursement Report
Company: 10
Check #
102019

102020

102021

102023

102024

102025

102026

102027

8/19/2026

Type

Check Date

ACH

06/24/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

10586

LAE ASSOCIATES

Invoice

Invoice Date

Comment

Amount

26-345

06/02/2026

CONSTRUCTION MANAGEMENT SERVICES - ORANGE CREST WATER MAIN REPLACEMENT

$48,274.08

7904

LAWNSCAPE SYSTEMS

Invoice

Invoice Date

Comment

Amount

459725

05/31/2026

LANDSCAPE SERVICES - VARIOUS DISTRICT SITES

$32,461.60

8575

LEGAL SHIELD

Invoice

Invoice Date

Comment

Amount

062226

06/22/2026

LEGAL SHIELD EMPLOYEE-PAID BENEFIT

$506.25

5764

LITTLEJOHN-REULAND CORPORATION

Invoice

Invoice Date

Comment

Amount

0068191

04/30/2026

LABOR AND SERVICES

$17,353.41

10117

MARK STADELBACHER

Invoice

Invoice Date

Comment

Amount

MEMBERSHIP-061726

06/17/2026

EMPLOYEE MEMBERSHIP REIMBURSEMENT

$114.00

ACH

ACH

ACH

ACH

ACH

06/24/2026

06/24/2026

06/24/2026

06/24/2026

$48,274.08

$32,461.60

MAUREEN ERBEZNIK & ASSOCIATES
Comment

Amount

MEA WHOLESALE FY2526 2

06/01/2026

REGIONAL REGULATORY COMPLIANCE SUPPORT SERVICES FOR WHOLESALE AGENCIES

$57,500.00

ACH

9153

MICHAEL HADLEY

Invoice

Invoice Date

Comment

Amount

050726

05/07/2026

EMPLOYEE EXPENSE REIMBURSEMENT - TRAVEL/CONFERENCE

$834.57

8675

NATIONAL SAFETY SERVICES INC

Invoice

Invoice Date

Comment

Amount

26065

06/04/2026

TRAINING - 24 HOUR CONFINED SPACE

$6,500.00

06/24/2026

ul

$114.00

6346

ACH

ul

$17,353.41

Invoice Date

06/24/2026

ul

$506.25

Invoice

06/24/2026

ul

ul

$57,500.00
ul

$834.57
ul

$6,500.00
ul

Page 53 of 66

Cash Disbursement Report
Company: 10
Check #
102028

102029

102030

102031

102034

8/19/2026

Type

Check Date

ACH

06/24/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

9727

O'REILLY AUTO ENTERPRISES

Invoice

Invoice Date

Comment

Amount

3814-205452

06/01/2026

AUTO PARTS

$5.18

3814-206068

06/04/2026

AUTO PARTS

$49.22

3814-206133

06/04/2026

AUTO PARTS

$47.51

3814-206279

06/05/2026

AUTO PARTS

$34.11

10113

ON-SITE TECHNICAL SERVICES INC

Invoice

Invoice Date

Comment

Amount

11697

06/03/2026

INSPECTION AND TECHNICAL SUPPORT - STERLING RESERVOIR PUMP STATION

$1,327.70

ACH

ACH

06/24/2026

$136.02

$1,327.70

6872

ONLINE INFORMATION SERVICES

Invoice

Invoice Date

Comment

Amount

1395164

05/31/2026

CUSTOMER COLLECTIONS SERVICES

$515.88

370600000515

05/31/2026

CUSTOMER COLLECTIONS SERVICES

$613.34

ACH

7107

PACKHAM & TOOMEY INC

Invoice

Invoice Date

Comment

Amount

2026172

05/27/2026

SOUTH COAST AIR QUALITY MANAGEMENT DISTRICT TESTS AND REPAIRS

$783.00

9468

RIVERSIDE AUTO PARTS INC

Invoice

Invoice Date

Comment

Amount

730042

06/01/2026

AUTO PARTS

$793.00

730149

06/02/2026

AUTO PARTS

$95.01

730166

06/03/2026

AUTO PARTS

$7.09

730182

06/03/2026

AUTO PARTS

$11.63

730248

06/04/2026

AUTO PARTS

$36.83

730277

06/04/2026

AUTO PARTS

$56.76

730279

06/04/2026

AUTO PARTS

$377.11

730283

06/04/2026

AUTO PARTS

$6.65

730316

06/04/2026

AUTO PARTS

$51.30

ACH

06/24/2026

06/24/2026

06/24/2026

ul

ul

$1,129.22
ul

$783.00
ul

$1,435.38
ul

Page 54 of 66

Cash Disbursement Report
Company: 10
Check #
102035

102036

102037

102038

102039

102040

102041

102042

102044

8/19/2026

Type

Check Date

ACH

06/24/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

108071

RIVERSIDE COUNTY HABITAT CONSERVATION AGENCY

Invoice

Invoice Date

Comment

Amount

PAR2603

05/04/2026

PAR DEPOSIT - MILLS GRAVITY PIPELINE PROJECT

$2,500.00

10401

ROCKSPARK INC

Invoice

Invoice Date

Comment

Amount

WMWD-EFFICIENCY060126

06/01/2026

DESIGN SERVICES - DEVELOP WATER EFFICIENCY OUTREACH MATERIALS

$320.00

WMWD-MAY06

06/01/2026

DESIGN SERVICES - BROCHURE AND POSTER

$1,040.00

ACH

9827

SAVVY WAST COAST MARKETING

Invoice

Invoice Date

Comment

Amount

1337

06/01/2026

SOCIAL MEDIA MARKETING JUNE 2026

$3,885.44

5407

SYNAGRO WEST LLC

Invoice

Invoice Date

Comment

Amount

68736

06/01/2026

WASTE DISPOSAL SERVICES - BIOSOLIDS TO AZ SOILS

$5,769.56

5529

TETRA TECH INC

Invoice

Invoice Date

Comment

Amount

52593528

05/27/2026

DESIGN SERVICES - W-329 PFAS TREATMENT AT THE ARLINGTON DESALTER PLANT

$5,578.75

4737

THE FERGUSON GROUP LLC

Invoice

Invoice Date

Comment

Amount

INV6255

06/01/2026

FEDERAL PUBLIC POLICY ADVOCACY SERVICES - JUNE 2026

$11,000.00

10355

THE NATIONAL THEATRE FOR CHILDREN

Invoice

Invoice Date

Comment

Amount

3405

06/02/2026

WATER CONSERVATION EDUCATION SERVICES

$2,000.00

ACH

ACH

ACH

ACH

ACH

ACH

06/24/2026

06/24/2026

06/24/2026

06/24/2026

06/24/2026

06/24/2026

$2,500.00

$1,360.00

ul

$5,578.75
ul

$11,000.00
ul

$2,000.00

100181

THOMAS SAFFORD
Comment

Amount

4M

05/28/2026

MEDICARE PART B PENALTY REIMBURSEMENT

$84.00

7108

TK CONSTRUCTION

Invoice

Invoice Date

Comment

Amount

4217

06/02/2026

MILL GRAVITY LINE PIPELINE EVALUATION AT PRADA ESTATES

$278,619.23

06/24/2026

ul

$5,769.56

Invoice Date

ACH

ul

$3,885.44

Invoice

06/24/2026

ul

ul

$84.00
ul

$278,619.23
ul

Page 55 of 66

Cash Disbursement Report
Company: 10
Check #
102045

102046

102047

102048

102049

102050

102051

102052

8/19/2026

Type

Check Date

ACH

06/24/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

1294

UNDERGROUND SERVICE ALERT INC

Invoice

Invoice Date

Comment

Amount

25-264185

06/01/2026

CALIFORNIA STATE FEE FOR REGULATORY COSTS

$856.37

520260841

06/01/2026

CALIFORNIA STATE FEE FOR REGULATORY COSTS

$2,247.40

7126

UNITED WAY OF INLAND VALLEY

Invoice

Invoice Date

Comment

Amount

061626

06/16/2026

EMPLOYEE PAYROLL DONATIONS

$122.00

9545

USA FLEET SOLUTIONS LLC

Invoice

Invoice Date

Comment

Amount

77969

06/01/2026

RECURRING SERVICE - FLEET TRACKING

$2,704.00

10578

VISCID DESIGN CO

Invoice

Invoice Date

Comment

Amount

016405

06/01/2026

DESIGN SERVICES - DECALS

$98.20

5337

WE DO EQUIPMENT

Invoice

Invoice Date

Comment

Amount

W326295

05/27/2026

MATERIALS AND SUPPLIES

$560.26

106792

WEKA INC

Invoice

Invoice Date

Comment

Amount

5-W-270B

05/31/2026

CIP PROJECT - 1269 SEWER FORCEMAIN REPLACEMENT PROJECT

$951,353.59

7980

WEST COAST SAND & GRAVEL INC

Invoice

Invoice Date

Comment

Amount

954949

05/01/2026

MATERIALS

$556.64

963500

05/28/2026

MATERIALS

$1,600.52

ACH

ACH

ACH

ACH

ACH

ACH

ACH

06/24/2026

06/24/2026

06/24/2026

06/24/2026

06/24/2026

06/24/2026

$3,103.77

$122.00
ul

$2,704.00
ul

$98.20
ul

$560.26
ul

$951,353.59
ul

$2,157.16

2983

WOODCREST ACE HARDWARE

Invoice

Invoice Date

Comment

Amount

221495/1

05/07/2026

MATERIALS AND SUPPLIES

$23.38

06/24/2026

ul

ul

$23.38
ul

Page 56 of 66

Cash Disbursement Report
Company: 10
Check #
221101

221102

221103

221104

221105

221106

221107

8/19/2026

Type

Check Date

CHK

06/24/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

6568

AT&T CALNET

Invoice

Invoice Date

Comment

Amount

000025327269

06/01/2026

TELEPHONE SERVICES

$1,312.18

000025334416

06/01/2026

TELEPHONE SERVICES

$5,094.36

000025339233

06/02/2026

TELEPHONE SERVICES

$103.77

000025348253

06/04/2026

TELEPHONE SERVICES

$0.63

000025381752

06/11/2026

TELEPHONE SERVICES

$32.66

CHK

10166

BIANCA KING

Invoice

Invoice Date

Comment

Amount

062226

06/22/2026

EMPLOYEE EXPENSE REIMBURSEMENT - TRAVEL/CONFERENCE

$498.34

107807

BIG BEN INC.

Invoice

Invoice Date

Comment

Amount

10-W-317

06/16/2026

CIP PROJECT - JEFFERSON AVENUE INTERCONNECTION

$111,925.87

5855

BRENDA DENNSTEDT

Invoice

Invoice Date

Comment

Amount

061326

06/13/2026

MILEAGE REIMBURSEMENT - BOARD OF DIRECTORS

$55.83

7732

CALIFORNIA MUNICIPAL UTILITIES

Invoice

Invoice Date

Comment

Amount

26-230

05/13/2026

LEGISLATIVE SUPPORT - SB 72 SUPPORT

$10,000.00

9648

CAMERON WELDING SUPPLY

Invoice

Invoice Date

Comment

Amount

09381217

05/31/2026

COMPRESSED GAS FOR WELDING

$29.84

09381218

05/31/2026

COMPRESSED GAS FOR WELDING

$287.76

107849

CANON U.S.A., INC.

Invoice

Invoice Date

Comment

Amount

6016133036

05/29/2026

COPIER MAINTENANCE - MERIDIAN

$1,980.90

CHK

CHK

CHK

CHK

CHK

06/24/2026

06/24/2026

06/24/2026

06/24/2026

06/24/2026

06/24/2026

$6,543.60
ul

$498.34
ul

$111,925.87
ul

$55.83
ul

$10,000.00
ul

$317.60
ul

$1,980.90
ul

Page 57 of 66

Cash Disbursement Report
Company: 10
Check #
221109

221120

221121

221122

221124

221125

221126

221127

221128

8/19/2026

Type

Check Date

CHK

06/24/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

10284

CHARTER COMMUNICATIONS

Invoice

Invoice Date

Comment

Amount

188816101060126

06/01/2026

INTERNET SERVICES

$875.16

CHK

10298

COMMUNICATION ENTERPRISES, INC

Invoice

Invoice Date

Comment

Amount

10784

05/27/2026

PARTS AND SUPPLIES

$4,795.97

5016

CORE & MAIN LP

Invoice

Invoice Date

Comment

Amount

Z094631

06/05/2026

MATERIALS AND SUPPLIES

$6,159.04

9984

CORODATA SHREDDING, INC.

Invoice

Invoice Date

Comment

Amount

DN 1584309

05/31/2026

SHREDDING SERVICES - EL SOBRANTE

$127.12

10707

DIAMOND STAR COMMERCIAL VEHICLES SOCAL LLC

Invoice

Invoice Date

Comment

Amount

04P323060

06/02/2026

MATERIALS AND SUPPLIES

$557.14

CHK

CHK

CHK

CHK

06/24/2026

06/24/2026

06/24/2026

06/24/2026

$875.16

$4,795.97

DIESEL POLLUTION SOLUTION, INC
Comment

Amount

9851

06/05/2026

SERVICES - EMISSIONS TEST

$180.00

10233

DOPUDJA & WELLS CONSULTING INC

Invoice

Invoice Date

Comment

Amount

2745

05/18/2026

MANAGEMENT AND OPTIMIZATION PLANNING SERVICES

$455.00

1043

EASTERN MWD

Invoice

Invoice Date

Comment

Amount

104898

06/08/2026

MURRIETA AREA SEWER TREATMENT SERVICE - APRIL 2026

$27,798.22

104899

06/08/2026

MURRIETA AREA SEWER TREATMENT SERVICE - MAY 2026

$27,828.04

10169

FAUZIA RIZVI

Invoice

Invoice Date

Comment

Amount

060626

06/17/2026

MILEAGE REIMBURSEMENT - BOARD OF DIRECTORS

$91.35

CHK

CHK

06/24/2026

06/24/2026

ul

$557.14

10683

06/24/2026

ul

$127.12

Invoice Date

CHK

ul

$6,159.04

Invoice

06/24/2026

ul

ul

$180.00
ul

$455.00
ul

$55,626.26
ul

$91.35
ul

Page 58 of 66

Cash Disbursement Report
Company: 10
Check #
221129

221130

221131

221132

8/19/2026

Type

Check Date

CHK

06/24/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

9076

FLYERS ENERGY LLC

Invoice

Invoice Date

Comment

Amount

CFS-4622932

05/31/2026

DIESEL FUEL AND GASOLINE

$2,887.58

7607

FACILITIES PROTECTION SYSTEM

Invoice

Invoice Date

Comment

Amount

98023

05/27/2026

LEAK DETECTION SERVICES

$760.00

107887

FRESHWORKS INC.

Invoice

Invoice Date

Comment

Amount

FD2680983

06/03/2026

USER LICENSING FOR FRESHDESK SYSTEM

$4,404.96

10715

GILES ENGINEERING

Invoice

Invoice Date

Comment

Amount

CX26-0003.1

06/01/2026

EMERGENCY CONSTRUCTION SERVICES - STEEL VALLEY PUMP STATION

$6,498.65

CHK

CHK

CHK

06/24/2026

06/24/2026

06/24/2026

$2,887.58
ul

$760.00
ul

$4,404.96
ul

$6,498.65
ul

Page 59 of 66

Cash Disbursement Report
Company: 10
Check #
221133

221134

221135

221136

8/19/2026

Type

Check Date

CHK

06/24/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

8067

GOLDEN STATE CONSULTANTS, INC.

Invoice

Invoice Date

Comment

Amount

10760

06/01/2026

CROSS CONNECTION AND BACKFLOW SERVICES

$5,604.00

10761

06/01/2026

CROSS CONNECTION AND BACKFLOW SERVICES

$2,269.00

10762

06/01/2026

CONSTRUCTION INSPECTION SERVICES

$909.00

10763

06/01/2026

CONSTRUCTION INSPECTION SERVICES

$1,048.50

10764

06/01/2026

CONSTRUCTION INSPECTION SERVICES

$1,868.50

10765

06/01/2026

CONSTRUCTION INSPECTION SERVICES

$506.50

10766

06/01/2026

CONSTRUCTION INSPECTION SERVICES

$2,841.00

10767

06/01/2026

CONSTRUCTION INSPECTION SERVICES

$828.50

10768

06/01/2026

CONSTRUCTION INSPECTION SERVICES

$345.50

10769

06/01/2026

CONSTRUCTION INSPECTION SERVICES

$2,358.00

10770

06/01/2026

CONSTRUCTION INSPECTION SERVICES

$426.00

10771

06/01/2026

CONSTRUCTION INSPECTION SERVICES

$667.50

10772

06/01/2026

CONSTRUCTION INSPECTION SERVICES

$587.00

10773

06/01/2026

CONSTRUCTION INSPECTION SERVICES

$345.50

10774

06/01/2026

CONSTRUCTION INSPECTION SERVICES

$1,231.00

10775

06/01/2026

CONSTRUCTION INSPECTION SERVICES

$1,311.50

9743

GRACIE TORRES

Invoice

Invoice Date

Comment

Amount

061326

06/17/2026

MILEAGE REIMBURSEMENT - BOARD OF DIRECTORS

$24.65

1237

HACH COMPANY

Invoice

Invoice Date

Comment

Amount

14995588

05/11/2026

MATERIALS AND SUPPLIES

$130,836.77

6909

IRON MOUNTAIN INC.

Invoice

Invoice Date

Comment

Amount

LJWG249

05/31/2026

OFFSITE RECORDS STORAGE

$4,478.33

CHK

CHK

CHK

06/24/2026

06/24/2026

06/24/2026

$23,147.00
ul

$24.65
ul

$130,836.77
ul

$4,478.33
ul

Page 60 of 66

Cash Disbursement Report
Company: 10
Check #
221137

221138

221139

221140

221141

221142

8/19/2026

Type

Check Date

CHK

06/24/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

10205

LAURA ROUGHTON

Invoice

Invoice Date

Comment

Amount

061326

06/17/2026

MILEAGE REIMBURSEMENT - BOARD OF DIRECTORS

$178.35

4665

LOWE'S HOME CENTERS, LLC

Invoice

Invoice Date

Comment

Amount

985499-QUGGWC

05/27/2026

MATERIALS AND SUPPLIES

$41.22

991938-QTAVJO

05/15/2026

MATERIALS AND SUPPLIES

$174.96

995234-QTFDAB

05/14/2026

MATERIALS AND SUPPLIES

$71.69

998739-QUAGNG

05/21/2026

MATERIALS AND SUPPLIES

$106.92

CHK

CHK

06/24/2026

$178.35

$394.79

7153

MCMASTER CARR SUPPLY CO

Invoice

Invoice Date

Comment

Amount

65873567

06/01/2026

MATERIAL AND SUPPLIES

$45.40

65963769

06/02/2026

MATERIAL AND SUPPLIES

$799.09

10072

MIKE GARDNER

Invoice

Invoice Date

Comment

Amount

061326

06/13/2026

MILEAGE REIMBURSEMENT - BOARD OF DIRECTORS

$54.38

7248

MSC INDUSTRIAL SUPPLY COMPANY

Invoice

Invoice Date

Comment

Amount

48310201

05/28/2026

MATERIALS AND SUPPLIES

$405.57

48544021

05/29/2026

MATERIALS AND SUPPLIES

$536.55

48584411

05/29/2026

MATERIALS AND SUPPLIES

$546.19

48821041

06/01/2026

MATERIALS AND SUPPLIES

$317.32

51294671

06/05/2026

MATERIALS AND SUPPLIES

$677.34

2134

OFFICE DEPOT

Invoice

Invoice Date

Comment

Amount

469773402001

05/27/2026

OFFICE SUPPLIES

$45.22

470023745001

05/28/2026

OFFICE SUPPLIES

$70.55

471925960001

06/05/2026

OFFICE SUPPLIES

$212.11

CHK

CHK

CHK

06/24/2026

06/24/2026

06/24/2026

06/24/2026

ul

ul

$844.49
ul

$54.38
ul

$2,482.97
ul

$327.88
ul

Page 61 of 66

Cash Disbursement Report
Company: 10
Check #
221144

221145

221149

221150

221151

221152

221153

221154

8/19/2026

Type

Check Date

CHK

06/24/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

8340

PLUMBERS DEPOT INC

Invoice

Invoice Date

Comment

Amount

PD-61468

05/27/2026

MATERIALS AND SUPPLIES

$6,324.71

1132

RANCHO CALIFORNIA WATER DISTRICT

Invoice

Invoice Date

Comment

Amount

BL-276

05/31/2026

RAINBOW METER READING AND REPAIRS - APRIL 2026

$2,185.58

1131

SCE

Invoice

Invoice Date

Comment

Amount

0526-1524

06/22/2026

ELECTRIC UTILITY CHARGES

$182,373.99

0526-222011-394987

06/12/2026

ELECTRIC UTILITY CHARGES

$30.24

0626-222010-676038

06/17/2026

ELECTRIC UTILITY CHARGES

$62.64

CHK

8228

STATE OF CALIFORNIA DEPARTMENT OF JUSTICE

Invoice

Invoice Date

Comment

Amount

052309

06/03/2026

PRE-EMPLOYMENT FINGERPRINT PROCESSING

$64.00

1653

STATE WATER RESOURCES CONTROL BOARD

Invoice

Invoice Date

Comment

Amount

0626-14810-550-0

06/15/2026

CLEAN WATER STATE REVOLVING FUND ANNUAL DEBT SERVICE PAYMENT

$1,510,762.81

CHK

107893

STEP SAVER CA LLC

Invoice

Invoice Date

Comment

Amount

CTI50477

06/05/2026

SUPPLIES - BULK SALT

$4,660.80

1142

THE GAS COMPANY

Invoice

Invoice Date

Comment

Amount

0526-12587009

06/16/2026

GAS UTILITY CHARGES

$16.80

0526-15424051

06/16/2026

GAS UTILITY CHARGES

$14.79

CHK

1287

VISTA PAINT CORPORATION

Invoice

Invoice Date

Comment

Amount

2026-395197-00

05/22/2026

PAINT SUPPLIES

$84.07

CHK

CHK

CHK

CHK

06/24/2026

06/24/2026

06/24/2026

06/24/2026

06/24/2026

06/24/2026

06/24/2026

$6,324.71
ul

$2,185.58
ul

$182,466.87
ul

$64.00
ul

$1,510,762.81
ul

$4,660.80
ul

$31.59
ul

$84.07
ul

Page 62 of 66

Cash Disbursement Report
Company: 10
Check #
221155

221156

221157

221158

0611764

07060

07684241

9000003477

8/19/2026

Type

Check Date

CHK

06/24/2026

Cash Code: 10, 19
Vendor

06/01/2026 to 06/30/2026

Vendor Name

Amount

10040

WATER SYSTEMS CONSULTING, INC.

Invoice

Invoice Date

Comment

Amount

12696

05/29/2026

ARLINGTON GSA ADMINISTRATION SERVICES

$1,350.00

12716

06/01/2026

CONSULTING SERVICES - URBAN WATER MANAGEMENT AND WATER SHORTAGE CONTINGENCY PLANS

$36,609.00

CHK

$37,959.00

108048

WCCG, INC. - GENERAL

Invoice

Invoice Date

Comment

Amount

061226

06/12/2026

CUSTOMER INSPECTION WORK ORDER REFUND

$6,436.36

10260

WHITE CAP CONSTRUCTION SUPPLY

Invoice

Invoice Date

Comment

Amount

50036915268

05/12/2026

MATERIALS AND SUPPLIES

$2,308.54

50037268398

05/29/2026

MATERIALS AND SUPPLIES

$2,371.74

7127

WMWD EMPLOYEE ASSOCIATION

Invoice

Invoice Date

Comment

Amount

061626

06/16/2026

EMPLOYEE PAYROLL DUES

$637.50

1076

METROPOLITAN WATER DISTRICT

Invoice

Invoice Date

Comment

Amount

12207

06/26/2026

WIRE TRANSFER - TREATED AND UNTREATED WATER DELIVERIES

$2,593,168.47

7235

US BANK NATIONAL ASSOCIATE

Invoice

Invoice Date

Comment

Amount

3279124

06/29/2026

DEBT SERVICE - REVENUE BOND SERIES 2012A

$45,740.14

9503

TD SECURITIES (USA) LLC

Invoice

Invoice Date

Comment

Amount

10649

06/30/2026

WIRE TRANSFER - REMARKETING FEE

$3,495.40

2299

TERMINIX INTERNATIONAL

Invoice

Invoice Date

Comment

Amount

471544302

04/30/2026

PEST CONTROL SERVICES

$83.00

CHK

CHK

WIR

WIR

WIR

EPY

06/24/2026

06/24/2026

06/24/2026

06/26/2026

06/29/2026

06/30/2026

06/17/2026

ul

$6,436.36
ul

$4,680.28
ul

$637.50
ul

$2,593,168.47
ul

$45,740.14
ul

$3,495.40
ul

$83.00
ul

Page 63 of 66

Cash Disbursement Report
Company: 10

Cash Code: 10, 19

Check #

Type

Check Date

Vendor

Vendor Name

Various

CHK

8/31/2024

10723

CUSTOMER REFUNDS

06/01/2026 to 06/30/2026
Amount
$9,120.01

Invoice

Invoice Date

Comment

Amount

Various

6/24/2024

VARIOUS CUSTOMER REFUNDS

$9,120.01

ul

STAFF CELL PHONE REIMBURSEMENTS:
$10,014.81
101785

ACH

06/03/2026

7320

ALEX CHANG

$100.00

101796

ACH

06/03/2026

107735

CARLOS FLOREZ

$91.94

101798

ACH

06/03/2026

10324

CHARLES C KITCHENS

$74.23

101802

ACH

06/03/2026

10124

DDAZE PHUONG

$300.00

101803

ACH

06/03/2026

10020

DOUGLAS MCCARTNEY

$100.00

101812

ACH

06/03/2026

9988

GEORGE CARDENAS

$50.53

101820

ACH

06/03/2026

10545

JAKE ARBALLO

$61.26

101821

ACH

06/03/2026

9737

JAMES CHATWIN

$199.00

101822

ACH

06/03/2026

8117

JOHN WOLBERD

$100.00

101823

ACH

06/03/2026

9793

JULIO FRIAS

$100.00

101829

ACH

06/03/2026

9153

MICHAEL HADLEY

$100.00

101842

ACH

06/03/2026

9109

STEVEN GUSTAFSSON

$173.06

101845

ACH

06/03/2026

10097

TIM CAZEE

$100.00

101846

ACH

06/03/2026

7305

TOM TABOR

$200.00

220936

CHK

06/03/2026

10729

ADRIAN ENRIQUEZ

$200.00

220937

CHK

06/03/2026

9760

ALEXIS GARCIA

$100.00

220942

CHK

06/03/2026

10251

CHALLEN ANNE PETERSON

$100.00

220943

CHK

06/03/2026

7960

CHRIS OTJEN

$200.00

220945

CHK

06/03/2026

107891

CHRISTOPHER JIMENEZ

$100.00

220975

CHK

06/03/2026

8892

JOEL BRAVO

$100.00

220976

CHK

06/03/2026

10695

JOEL PEREZ

$100.00

220977

CHK

06/03/2026

9893

JONTE TURNER

$100.00

220980

CHK

06/03/2026

9975

MARVIN ESQUIVEL

$50.75

220994

CHK

06/03/2026

9816

SARAH MACDONALD

$200.00

220999

CHK

06/03/2026

9977

TINA DOUGHTON

$90.98

101868

ACH

06/10/2026

8495

DEAN STANDING WARRIOR

$100.00

8/19/2026

Page 64 of 66

Cash Disbursement Report
Company: 10

Cash Code: 10, 19

06/01/2026 to 06/30/2026

Check #

Type

Check Date

Vendor

Vendor Name

101872

ACH

06/10/2026

10252

FERNANDO BAHENA

$100.00

101874

ACH

06/10/2026

9682

FRANK SAUCEDO

$100.00

101885

ACH

06/10/2026

107925

JACK BAKER

$176.30

101886

ACH

06/10/2026

7255

JASON BARINGER

$298.00

101888

ACH

06/10/2026

10153

JESSE CORGAN

$100.00

101890

ACH

06/10/2026

107918

JOSEPH PORTO

$144.62

101891

ACH

06/10/2026

10567

JUSTIN CRIVELLO

$66.14

101899

ACH

06/10/2026

10111

MICAH EMERINE

$100.00

101909

ACH

06/10/2026

2448

TIM BARR

$43.75

221028

CHK

06/10/2026

10546

JOSHUA A. AGUILAR

$200.00

221034

CHK

06/10/2026

108003

MATTHEW JAMES MORRELL

$100.00

221038

CHK

06/10/2026

10559

MISAHEL HERNANDEZ

$100.00

221041

CHK

06/10/2026

7833

NICK BARNES

$236.34

221050

CHK

06/10/2026

108031

SINJIN COOPER

$100.00

221057

CHK

06/10/2026

108012

ZACHARY GROOT HERRERA

$100.00

101928

ACH

06/17/2026

10358

CESAR CARRILLO

$300.00

101929

ACH

06/17/2026

107733

CHELSEA N. RHOADES

$200.00

101933

ACH

06/17/2026

107963

DIPAK BHAGAT

$200.00

101934

ACH

06/17/2026

9752

DONALD GEHNERT

$100.00

101946

ACH

06/17/2026

10268

JENNIFER MCMULLIN

$100.00

101947

ACH

06/17/2026

107716

JOSH SONG

$90.82

101954

ACH

06/17/2026

10325

LUIS CARDENAS

$84.91

101955

ACH

06/17/2026

7561

Mallory Gandara O'Conor

$94.59

101956

ACH

06/17/2026

107704

MELISSA BUSTAMONTE

$100.00

101959

ACH

06/17/2026

10741

NYDIA DOOLITTLE

$100.00

101966

ACH

06/17/2026

107880

ROBERT MCCLURE

$100.00

101968

ACH

06/17/2026

8148

SAMUEL SMITH

$100.00

101970

ACH

06/17/2026

7336

SONIA HUFF

$100.00

101973

ACH

06/17/2026

7120

TERESA PATTON

$100.00

101974

ACH

06/17/2026

9466

THOMAS KLEVE

$100.00

101975

ACH

06/17/2026

10097

TIM CAZEE

$100.00

8/19/2026

Amount

Page 65 of 66

Cash Disbursement Report
Company: 10

Cash Code: 10, 19

06/01/2026 to 06/30/2026

Check #

Type

Check Date

Vendor

Vendor Name

Amount

221059

CHK

06/17/2026

9097

ALFREDO MONDRAGON

$100.00

221061

CHK

06/17/2026

7243

ARTURO JASSO

$100.00

221077

CHK

06/17/2026

8991

GARY MILLER

$100.00

221078

CHK

06/17/2026

10056

GRACE CARDENAS

$300.00

221081

CHK

06/17/2026

9677

LEOBARDO BECERRA

$100.00

221082

CHK

06/17/2026

9890

MICHELLE ADAMS

$100.00

221097

CHK

06/17/2026

8172

TONY POLLAK

$100.00

221099

CHK

06/17/2026

10608

VINCENT IORII

$100.00

101992

ACH

06/24/2026

8020

BENJAMIN BURGETT

$100.00

102006

ACH

06/24/2026

10735

ELAHEH YAZDANI

$100.00

102022

ACH

06/24/2026

10506

LIEN-CHI CANTUBA

$100.00

102032

ACH

06/24/2026

8070

RAY VARGAS JR.

$400.00

102033

ACH

06/24/2026

107819

RICK ARAGON

$96.56

102043

ACH

06/24/2026

9977

TINA DOUGHTON

$91.03

221108

CHK

06/24/2026

10251

CHALLEN ANNE PETERSON

$100.00

221123

CHK

06/24/2026

8022

CRAIG MILLER

$400.00

221143

CHK

06/24/2026

5551

PAUL RUGGE

$100.00

221146

CHK

06/24/2026

10713

KENENTH RILEY KING

$200.00

221147

CHK

06/24/2026

9719

ROBERT WEBB

$100.00

221148

CHK

06/24/2026

9816

SARAH MACDONALD

$100.00

UL REPORT TOTAL:

$12,161,758.13

Printed: 10/07/2026

8/19/2026

Page 66 of 66

Attachment 2

Cash Disbursement Report
Company: 10

Cash Code: 10, 19

07/01/2026 to 07/31/2026

Check #

Type

Check Date

Vendor

Vendor Name

0761845

WIR

07/01/2026

2180

MERRILL LYNCH WORLD HEADQUARTER

Invoice

Invoice Date

Comment

Amount

54010208-070126

07/01/2026

WIRE TRANSFER - REVENUE BONDS SWAP COLLATERAL PAYMENT

$4,781.52

07680

07903844

102053

102054

102056

102057

8/18/2026

WIR

Amount
$4,781.52

9503

TD SECURITIES (USA) LLC

Invoice

Invoice Date

Comment

Amount

070126

07/01/2026

2022A LINE OF CREDIT - UNUSED FEE

$7,583.33

7235

US BANK NATIONAL ASSOCIATE

Invoice

Invoice Date

Comment

Amount

3285199

07/01/2026

DEBT SERVICE - REVENUE BOND SERIES 2022A

$15,474.89

108004

PUMP POD USA

Invoice

Invoice Date

Comment

Amount

262759

06/10/2026

WESTERN WATER FUNDING SUPPORT - EVMWD PUMP POD

$10,487.81

WIR

ACH

ACH

07/01/2026

07/01/2026

07/01/2026

$7,583.33

1158

ALBERT A WEBB ASSOCIATES
Comment

Amount

ARIV0012849

05/23/2026

PROFESSIONAL SERVICES - TR 38094 ON-SITE SEWER

$330.21

107725

ATMOSPHERIC ANALYSIS AND CONSULTING, INC.

Invoice

Invoice Date

Comment

Amount

A-35679

06/06/2026

ANALYSIS AND REPORTING SERVICES

$365.00

ACH

07/01/2026

ul

$330.21
ul

$365.00

9147

B&H PHOTO

Invoice

Invoice Date

Comment

Amount

245384426

06/11/2026

EQUIPMENT

$1,670.96

07/01/2026

ul

$10,487.81

Invoice Date

ACH

ul

$15,474.89

Invoice

07/01/2026

ul

ul

$1,670.96
ul

Page 1 of 72

Cash Disbursement Report
Company: 10

Cash Code: 10, 19

07/01/2026 to 07/31/2026

Check #

Type

Check Date

Vendor

Vendor Name

102058

ACH

07/01/2026

1017

BABCOCK LABORATORIES INC

Invoice

Invoice Date

Comment

Amount

CF60397-7137

06/08/2026

WATER TESTING SERVICES

$68.00

CF60415-7135

06/08/2026

WATER TESTING SERVICES

$22.00

CF60436-7136

06/08/2026

WATER TESTING SERVICES

$154.00

CF60503-7135

06/09/2026

WATER TESTING SERVICES

$22.00

CF60504-7138

06/09/2026

WATER TESTING SERVICES

$744.50

CF60563-7138

06/10/2026

WATER TESTING SERVICES

$101.00

CF60613-7135

06/11/2026

WATER TESTING SERVICES

$506.00

CF60616-7136

06/11/2026

WATER TESTING SERVICES

$110.00

CF60664-7136

06/11/2026

WATER TESTING SERVICES

$227.00

CF60665-7136

06/11/2026

WATER TESTING SERVICES

$439.50

CF60692-7140

06/12/2026

WATER TESTING SERVICES

$5,007.00

CF60713-7136

06/12/2026

WATER TESTING SERVICES

$12.00

CF60767-7137

06/12/2026

WATER TESTING SERVICES

$345.02

CF60769-7135

06/12/2026

WATER TESTING SERVICES

$44.00

5988

BARRY'S SECURITY SERVICE, INC

Invoice

Invoice Date

Comment

104614

06/08/2026

SECURITY SERVICES - EL SOBRANTE

$1,753.56

104617

06/08/2026

SECURITY SERVICES - MERIDIAN

$1,586.23

1019

BEST BEST & KRIEGER

Invoice

Invoice Date

Comment

Amount

1063816-01

06/05/2026

LEGAL SERVICES

$28.50

102059

102060

102061

102062

8/18/2026

ACH

ACH

ACH

07/01/2026

07/01/2026

Amount
$7,802.02

$3,339.79
Amount

9585

BIOMAGIC INC

Invoice Date

Comment

Amount

151226

06/12/2026

ODOR CONTROL CHEMICALS

$1,037.09

151227

06/12/2026

ODOR CONTROL CHEMICALS

$1,074.27

151228

06/12/2026

ODOR CONTROL CHEMICALS

$1,074.27

10689

BRADYPLUS

Invoice

Invoice Date

Comment

Amount

11788986

06/01/2026

MATERIALS AND SUPPLIES

$375.18

11789021

06/01/2026

MATERIALS AND SUPPLIES

$187.60

ACH

07/01/2026

ul

$28.50

Invoice

07/01/2026

ul

ul

$3,185.63
ul

$562.78
ul

Page 2 of 72

Cash Disbursement Report
Company: 10

Cash Code: 10, 19

07/01/2026 to 07/31/2026

Check #

Type

Check Date

Vendor

Vendor Name

Amount

102063

ACH

07/01/2026

6305

C WELLS PIPELINE MATERIALS

$791.96

Invoice

Invoice Date

Comment

Amount

SINV26-3150

06/10/2026

PIPELINE REPAIR MATERIALS

$791.96

107733

CHELSEA N. RHOADES

Invoice

Invoice Date

Comment

Amount

062526

06/25/2026

EMPLOYEE EXPENSE REIMBURSEMENT

$119.29

102065

102066

102067

102068

102069

102070

102071

102072

8/18/2026

ACH

ACH

07/01/2026

$119.29

107862

CONSERVATION MART

Invoice

Invoice Date

Comment

Amount

151369

06/11/2026

COLLATERAL ITEMS FOR PUBLIC EVENTS FOR 2026 AND 2027

$10,739.76

4518

DELL TECHNOLOGIES

Invoice

Invoice Date

Comment

Amount

10878033719

06/06/2026

MICROSOFT 365 LICENSE FEE

$889.56

ACH

ACH

07/01/2026

07/01/2026

7420

DUDEK
Comment

Amount

202605274

06/04/2026

PROFESSIONAL SERVICES - RECYCLE WATER NON POTABLE SYSTEM AREA MAP

$4,458.75

7451

EHS INTERNATIONAL, INC.

Invoice

Invoice Date

Comment

3-21775R

06/12/2026

TRAINING SERVICES - DRUG IMPAIRMENT RECOGNITION

$1,450.00

3-22005R

06/12/2026

TRAINING SERVICES - CURRICULUM DEVELOPMENT

$9,490.00

1041

ELSINORE VALLEY MUNICIPAL WATER DISTRICT

Invoice

Invoice Date

Comment

Amount

BI 6527

06/25/2026

EVMWD TREE DISTRIBUTION - MAAP FUNDING

$4,000.00

ACH

ACH

07/01/2026

07/01/2026

Amount

ul

$4,000.00

10026

EUROFINS TESTOIL, INC.
Comment

Amount

480865

06/10/2026

OIL SAMPLE SERVICES AND SUPPLIES

$1,711.60

481015

06/11/2026

OIL SAMPLE SERVICES AND SUPPLIES

$85.58

ul

$1,797.18

8554

FASTENAL COMPANY

Invoice

Invoice Date

Comment

Amount

CARI1126791

06/03/2026

MATERIALS AND SUPPLIES

$8.97

07/01/2026

ul

$10,940.00

Invoice Date

ACH

ul

$4,458.75

Invoice

07/01/2026

ul

$889.56

Invoice Date

ACH

ul

$10,739.76

Invoice

07/01/2026

ul

ul

$8.97
ul

Page 3 of 72

Cash Disbursement Report
Company: 10

Cash Code: 10, 19

07/01/2026 to 07/31/2026

Check #

Type

Check Date

Vendor

Vendor Name

Amount

102073

ACH

07/01/2026

9891

FPC GRAPHICS

$4,419.55

Invoice

Invoice Date

Comment

97069

03/30/2026

PRINTING SERVICES - PROMOTIONAL MATERIALS

$2,920.69

97130

06/01/2026

PRINTING SERVICES - APPAREL WITH LOGO

$392.26

97140

06/12/2026

PRINTING SERVICES - BANNER

$808.13

97182

06/12/2026

PRINTING SERVICES - BUSINESS CARDS

$139.00

97186

06/12/2026

PRINTING SERVICES - ROLL UP BANNER

$159.47

102075

102076

102077

102078

102079

102080

8/18/2026

ACH

Amount

8442

GHD Inc.

Invoice

Invoice Date

Comment

Amount

380-0092765

06/10/2026

PROFESSIONAL SERVICES - ON-CALL DEVELOPMENT SERVICES

$2,032.00

380-0092766

06/10/2026

PROFESSIONAL SERVICES - ON-CALL DEVELOPMENT SERVICES

$1,712.50

ACH

07/01/2026

$3,744.50

1452

GRAINGER

Invoice

Invoice Date

Comment

Amount

9910350967

05/08/2026

MATERIALS AND SUPPLIES

$174.12

9943892076

06/08/2026

MATERIALS AND SUPPLIES

$281.92

9948059168

06/10/2026

MATERIALS AND SUPPLIES

$93.63

1793

GRAYBAR ELECTRIC

Invoice

Invoice Date

Comment

Amount

9353292444

05/26/2026

ELECTRICAL SUPPLIES

$44.43

9353320334

05/28/2026

ELECTRICAL SUPPLIES

$48.21

9353491486

06/10/2026

MATERIALS AND SUPPLIES

$14.99

9528

HANSEN, ALLEN & LUCE, INC

Invoice

Invoice Date

Comment

Amount

57986

06/10/2026

PROFESSIONAL SERVICES - MURRIETA WATER SYSTEM OPTIMIZATION STUDY

$31,020.50

57996

06/10/2026

PROFESSIONAL SERVICES - CITY OF NORCO HYDRAULIC MODEL

$306.50

7947

HERC RENTALS

Invoice

Invoice Date

Comment

Amount

36633647-001

05/22/2026

RENTAL - INSULATED GAS BUCKET TRUCK

$1,426.08

ACH

ACH

ACH

ACH

07/01/2026

07/01/2026

07/01/2026

07/01/2026

ul

$549.67
ul

$107.63
ul

$31,327.00
ul

$1,426.08

9771

HOSE KING

Invoice

Invoice Date

Comment

Amount

00102553

06/05/2026

MATERIALS AND SUPPLIES

$211.69

07/01/2026

ul

ul

$211.69
ul

Page 4 of 72

Cash Disbursement Report
Company: 10

Cash Code: 10, 19

07/01/2026 to 07/31/2026

Check #

Type

Check Date

Vendor

Vendor Name

102081

ACH

07/01/2026

10133

INDUSTRIAL SOLUTION SERVICES

Invoice

Invoice Date

Comment

Amount

30746

05/26/2026

DISINFECTING CHEMICALS

$349.72

30747

05/26/2026

DISINFECTING CHEMICALS

$167.72

30748

05/27/2026

DISINFECTING CHEMICALS

$442.50

30771

06/02/2026

DISINFECTING CHEMICALS

$984.92

5629

INFOSEND, INC

Invoice

Invoice Date

Comment

311430

05/31/2026

PRINTING SERVICES - CUSTOMER WATER BILL

$13,994.47

311431

05/31/2026

CUSTOMER WATER BILL POSTAGES

$10,159.16

311432

05/31/2026

PRINTING SERVICES - WELCOME PACKETS

$300.63

311433

05/31/2026

WELCOME LETTER POSTAGES

$268.95

311831

06/10/2026

PRINTING SERVICES - INSERTS WITH STATEMENTS

$1,497.55

7085

INLAND LIGHTING SUPPLIES INC

Invoice

Invoice Date

Comment

Amount

306131

06/09/2026

MATERIALS AND SUPPLIES

$1,576.88

108027

INTERSTATE BATTERIES OF SAN BERNARDINO

Invoice

Invoice Date

Comment

Amount

21655086

04/15/2026

AUTO PARTS

$870.92

102082

102083

102084

102088

102090

8/18/2026

ACH

ACH

ACH

ACH

07/01/2026

07/01/2026

07/01/2026

Amount
$1,944.86

$26,220.76
Amount

3049

KRIEGER & STEWART, INC
Comment

Amount

52266

06/11/2026

PROFESSIONAL SERVICES - TR 37731 ON-SITE SEWER

$967.00

52267

06/11/2026

PROFESSIONAL SERVICES - TR 37731 ON-SITE WATER

$548.50

52268

06/11/2026

PROFESSIONAL SERVICES - ALESSANDRO CORPORATE CENTER

$7,783.05

52269

06/11/2026

PROFESSIONAL SERVICES - OBSERVATION/STAND-BY

$192.50

52270

06/11/2026

PROFESSIONAL SERVICES - TR 38094 ON-SITE WATER

$5,003.83

52271

06/11/2026

PROFESSIONAL SERVICES - TRACT 37199 STAND-BY/OBSERVATION

$24,001.25

52272

06/11/2026

PROFESSIONAL SERVICES - MARB GAS LINE REPLACEMENT

$425.00

52273

06/11/2026

PROFESSIONAL SERVICES - MARB KC 49 WATER

$555.75

52274

06/11/2026

PROFESSIONAL SERVICES - ABANDONMENT OF EXISTING CONNECTIONS

$188.88

9649

MALLORY SAFETY & SUPPLY LLC

Invoice

Invoice Date

Comment

Amount

6441832

06/09/2026

MATERIALS AND SUPPLIES

$81.48

07/01/2026

ul

$870.92

Invoice Date

ACH

ul

$1,576.88

Invoice

07/01/2026

ul

ul

$39,665.76
ul

$81.48
ul

Page 5 of 72

Cash Disbursement Report
Company: 10

Cash Code: 10, 19

07/01/2026 to 07/31/2026

Check #

Type

Check Date

Vendor

Vendor Name

Amount

102093

ACH

07/01/2026

10111

MICAH EMERINE

$238.23

Invoice

Invoice Date

Comment

Amount

051226

05/12/2026

EMPLOYEE EXPENSE REIMBURSEMENT - TRAVEL/CONFERENCE

$88.16

060526

06/05/2026

EMPLOYEE EXPENSE REIMBURSEMENT - TRAVEL/CONFERENCE

$150.07

8855

MICHAEL BAKER INTERNATIONAL

Invoice

Invoice Date

Comment

Amount

1280854

03/23/2026

PROFESSIONAL SERVICES - WASHINGTON/IRIS PRESSURE REDUCING VALVES DESIGN REBUILD

$6,477.50

102094

102095

102096

102097

102098

102099

102100

8/18/2026

ACH

ACH

07/01/2026

$6,477.50

10235

NATE SASSAMAN ENTERPRISES INC

Invoice

Invoice Date

Comment

Amount

1244

06/11/2026

LEADERSHIP TRAINING SERVICES

$2,050.00

5203

PACIFIC SAFETY CENTER

Invoice

Invoice Date

Comment

Amount

88274

06/04/2026

SAFETY TRAINING - DOT HAZARDOUS MATERIALS

$205.00

88275

06/04/2026

SAFETY TRAINING - DOT HAZARDOUS MATERIALS

$205.00

8280

PRIME SYSTEMS INDUSTRIAL AUTOMATION, INC

Invoice

Invoice Date

Comment

Amount

1211-01

06/06/2026

PROFESSIONAL SERVICES - MOCKINGBIRD CANYON PUMP STATION AUTOCAD DRAWINGS

$9,800.00

107967

PROCURE AMERICA, LLC

Invoice

Invoice Date

Comment

Amount

4-2603T

05/28/2026

SHARE OF TELECOM SERVICE SAVINGS - APRIL 2026

$301.18

5-2604T

05/28/2026

SHARE OF TELECOM SERVICE SAVINGS - MAY 2026

$312.25

10286

QUALIFIED MOBILE INC

Invoice

Invoice Date

Comment

Amount

342812

06/08/2026

FLEET VEHICLE CLEANING SERVICES

$402.47

342813

06/08/2026

FLEET VEHICLE CLEANING SERVICES

$301.81

9489

RED WING BUSINESS ADVANTAGE ACCOUNT

Invoice

Invoice Date

Comment

Amount

20260610029092

06/10/2026

STEEL TOED SAFETY BOOTS

$1,413.16

ACH

ACH

ACH

ACH

ACH

07/01/2026

07/01/2026

07/01/2026

07/01/2026

07/01/2026

07/01/2026

ul

ul

$2,050.00
ul

$410.00
ul

$9,800.00
ul

$613.43
ul

$704.28
ul

$1,413.16
ul

Page 6 of 72

Cash Disbursement Report
Company: 10

Cash Code: 10, 19

07/01/2026 to 07/31/2026

Check #

Type

Check Date

Vendor

Vendor Name

Amount

102101

ACH

07/01/2026

9468

RIVERSIDE AUTO PARTS INC

$859.93

Invoice

Invoice Date

Comment

Amount

730523

06/09/2026

AUTO PARTS

$92.64

730660

06/10/2026

AUTO PARTS

$227.83

730716

06/11/2026

AUTO PARTS

$67.73

730746

06/11/2026

AUTO PARTS

$265.05

730779

06/12/2026

AUTO PARTS

$184.21

730812

06/12/2026

AUTO PARTS

$22.47

10600

RIVERSIDE MEDICAL CLINIC, INC

Invoice

Invoice Date

Comment

Amount

700000595

06/04/2026

PREEMPLOYMENT AND DOT PHYSICALS

$270.00

102102

102103

102105

102106

102107

102108

102109

8/18/2026

ACH

ACH

07/01/2026

$270.00

3150

ROYAL INDUSTRIAL SOLUTIONS

Invoice

Invoice Date

Comment

Amount

6441-1182255

06/01/2026

MATERIALS AND SUPPLIES

$2,528.80

8148

SAMUEL SMITH

Invoice

Invoice Date

Comment

Amount

CERTIFICATION-061626

06/16/2026

EMPLOYEE CERTIFICATION REIMBURSEMENT

$201.00

ACH

ACH

07/01/2026

07/01/2026

9037

SCHEEVEL ENGINEERING
Comment

Amount

1751

06/06/2026

CONSULTING SERVICES - VICTORIA BASIN

$2,925.00

8384

SCOTT PAGE

Invoice

Invoice Date

Comment

Amount

TUITION-060326

06/03/2026

EMPLOYEE VOLUNTARY EDUCATION REIMBURSEMENT PROGRAM

$640.00

ACH

07/01/2026

10355

THE NATIONAL THEATRE FOR CHILDREN
Comment

Amount

3304

06/02/2026

WATER CONSERVATION EDUCATION SERVICES

$2,000.00

ul

$2,000.00

10514

TIDALWAVE WIRELESS INC

Invoice

Invoice Date

Comment

Amount

I20260601WMWD

06/01/2026

SCADA RADIO COMMUNICATION SUPPORT

$1,200.00

07/01/2026

ul

$640.00

Invoice Date

ACH

ul

$2,925.00

Invoice

07/01/2026

ul

$201.00

Invoice Date

ACH

ul

$2,528.80

Invoice

07/01/2026

ul

ul

$1,200.00
ul

Page 7 of 72

Cash Disbursement Report
Company: 10

Cash Code: 10, 19

07/01/2026 to 07/31/2026

Check #

Type

Check Date

Vendor

Vendor Name

Amount

102111

ACH

07/01/2026

8180

ULINE, INC.

$1,664.00

Invoice

Invoice Date

Comment

Amount

209325410

06/12/2026

MATERIALS AND SUPPLIES

$236.61

509328727

06/12/2026

MATERIALS AND SUPPLIES

$1,427.39

2973

USA BLUEBOOK

Invoice

Invoice Date

Comment

Amount

INV01068445

06/08/2026

MATERIALS AND SUPPLIES

$884.33

5870

VALLEY SOIL, INC

Invoice

Invoice Date

Comment

Amount

27776

06/11/2026

INDOOR AND OUTDOOR WATER USE EVALUATION AND REPAIRS

$11,608.79

102112

102113

102114

102115

102116

102117

102119

8/18/2026

ACH

ACH

ACH

07/01/2026

07/01/2026

$884.33

9202

VARNER & BRANDT LLP

Invoice Date

Comment

Amount

23744-043026

05/30/2026

LEGAL SERVICES

$11,238.50

23744-053126

05/31/2026

LEGAL SERVICES

$709.64

ACH

10107

VEGA AMERICAS, INC

Invoice Date

Comment

Amount

686689

05/29/2026

MATERIALS AND SUPPLIES

$6,568.55

10375

WATERLINE TECHNOLOGIES INC

Invoice

Invoice Date

Comment

Amount

5798071

06/10/2026

HYPOCHLORITE SOLUTION

$1,265.85

5798186

06/10/2026

HYPOCHLORITE SOLUTION

$783.88

5798187

06/10/2026

HYPOCHLORITE SOLUTION

$632.93

ACH

ACH

07/01/2026

108014

WAV LLC
Comment

Amount

938661

05/19/2026

MATERIALS AND SUPPLIES

$164.49

941896

06/09/2026

MATERIALS AND SUPPLIES

$153.61

941902

06/09/2026

MATERIALS AND SUPPLIES

$892.94

ul

$1,211.04

10647

WETMORE'S

Invoice

Invoice Date

Comment

Amount

05P47636

06/10/2026

MATERIALS AND SUPPLIES

$294.16

07/01/2026

ul

$2,682.66

Invoice Date

ACH

ul

$6,568.55

Invoice

07/01/2026

ul

$11,948.14

Invoice

07/01/2026

ul

$11,608.79

Invoice

07/01/2026

ul

ul

$294.16
ul

Page 8 of 72

Cash Disbursement Report
Company: 10

Cash Code: 10, 19

07/01/2026 to 07/31/2026

Check #

Type

Check Date

Vendor

Vendor Name

102121

ACH

07/01/2026

1315

WRCRWA

Invoice

Invoice Date

Comment

Amount

IN-2800

06/16/2026

FLOW CHARGES - TREATMENT AND CONVEYANCE - MAY 2026

$38,994.58

1000

ACWA

Invoice

Invoice Date

Comment

Amount

SPONSORSHIP-061626

06/16/2026

SPONSORSHIP - 2026 REGION 9 EVENT

$500.00

221159

221160

221161

221163

221164

221165

221167

8/18/2026

CHK

CHK

07/01/2026

Amount
$38,994.58

$500.00

107912

ALL STATE PROPANE

Invoice

Invoice Date

Comment

Amount

614947

05/29/2026

PROPANE SUPPLIES

$137.56

108046

ALLIANCE LAUNDRY SYSTEMS DISTRIBUTION, LLC

Invoice

Invoice Date

Comment

Amount

6002236193

06/04/2026

MATERIALS AND SUPPLIES

$4,271.65

CHK

CHK

07/01/2026

07/01/2026

6568

AT&T CALNET
Comment

Amount

000025395370

06/13/2026

TELEPHONE SERVICES

$742.23

000025395372

06/13/2026

TELEPHONE SERVICES

$30.57

000025395520

06/13/2026

TELEPHONE SERVICES

$312.90

000025400386

06/13/2026

TELEPHONE SERVICES

$93.35

000025402691

06/13/2026

TELEPHONE SERVICES

$78.46

000025403792

06/14/2026

TELEPHONE SERVICES

$313.91

000025421580

06/20/2026

TELEPHONE SERVICES

$234.47

9830

BOOT BARN

Invoice Date

Comment

Amount

INV00615446

06/09/2026

STEEL TOED SAFETY BOOTS

$300.00

INV00615447

06/09/2026

STEEL TOED SAFETY BOOTS

$225.10

INV00615448

06/09/2026

STEEL TOED SAFETY BOOTS

$97.86

5855

BRENDA DENNSTEDT

Invoice

Invoice Date

Comment

Amount

062726

06/27/2026

MILEAGE REIMBURSEMENT - BOARD OF DIRECTORS

$46.40

CHK

CHK

07/01/2026

ul

$622.96
ul

$46.40

9107

CANDI JUDD

Invoice

Invoice Date

Comment

Amount

062526

06/25/2026

EMPLOYEE EXPENSE REIMBURSEMENT - EMPLOYEE TEAM BUILDING EVENT

$3,116.78

07/01/2026

ul

$1,805.89

Invoice

07/01/2026

ul

$4,271.65

Invoice Date

CHK

ul

$137.56

Invoice

07/01/2026

ul

ul

$3,116.78
ul

Page 9 of 72

Cash Disbursement Report
Company: 10

Cash Code: 10, 19

07/01/2026 to 07/31/2026

Check #

Type

Check Date

Vendor

Vendor Name

221168

CHK

07/01/2026

6587

CANON FINANCIAL SERVICES, INC

Invoice

Invoice Date

Comment

Amount

43373989

06/11/2026

COPIER MAINTENANCE - MURRIETA

$68.35

43373990

06/11/2026

COPIER LEASE - MERIDIAN

$213.20

43373991

06/11/2026

COPIER LEASE - VARIOUS DISTRICT SITES

$1,340.60

221170

221171

221172

221174

221175

221176

8/18/2026

CHK

Amount
$1,622.15

9571

CINTAS FIRST AID & SAFETY

Invoice

Invoice Date

Comment

Amount

4271077987

06/01/2026

UNIFORMS

$129.16

4271241272

06/02/2026

SAFETY PPE

$207.01

4271242079

06/02/2026

UNIFORMS

$1,340.80

4271398697

06/03/2026

UNIFORMS

$256.22

4271816925

06/08/2026

UNIFORMS

$129.16

4271966210

06/09/2026

SAFETY PPE

$207.01

4271966506

06/09/2026

UNIFORMS

$1,340.80

4272166197

06/10/2026

UNIFORMS

$256.22

5016

CORE & MAIN LP

Invoice

Invoice Date

Comment

Amount

Z145148

06/08/2026

MATERIALS AND SUPPLIES

$6,179.02

CHK

CHK

07/01/2026

07/01/2026

$3,866.38

9984

CORODATA SHREDDING, INC.

Invoice Date

Comment

Amount

DN 1584310

05/31/2026

PAPER SHREDDING SERVICES - MERIDIAN

$226.67

9100

EASTVALE CHAMBER OF COMMERCE

Invoice

Invoice Date

Comment

Amount

SPONSORSHIP-061626

06/16/2026

SPONSORSHIP - ANNUAL INSTALLATION DINNER AND AWARDS

$1,000.00

CHK

107799

EXLINE, INC.

Invoice

Invoice Date

Comment

Amount

0173791

06/08/2026

PARTS AND SUPPLIES

$789.73

CHK

CHK

07/01/2026

07/01/2026

ul

$226.67
ul

$1,000.00
ul

$789.73

10169

FAUZIA RIZVI

Invoice

Invoice Date

Comment

Amount

062726

06/27/2026

MILEAGE REIMBURSEMENT - BOARD OF DIRECTORS

$247.95

07/01/2026

ul

$6,179.02

Invoice

07/01/2026

ul

ul

$247.95
ul

Page 10 of 72

Cash Disbursement Report
Company: 10

Cash Code: 10, 19

07/01/2026 to 07/31/2026

Check #

Type

Check Date

Vendor

Vendor Name

221177

CHK

07/01/2026

7624

FERGUSON WATERWORKS

Invoice

Invoice Date

Comment

Amount

0903856

06/01/2026

MATERIALS AND SUPPLIES

$6,260.93

0908497

06/10/2026

MATERIALS AND SUPPLIES

$835.06

9743

GRACIE TORRES

Invoice

Invoice Date

Comment

Amount

062726

06/27/2026

MILEAGE REIMBURSEMENT - BOARD OF DIRECTORS

$67.43

107892

HERITAGE LANDSCAPE SUPPLY GROUP, INC.

Invoice

Invoice Date

Comment

Amount

0027322398-001

06/10/2026

LANDSCAPE SUPPLIES

$2,480.50

221179

221180

221181

221185

221186

221187

221189

221190

8/18/2026

CHK

CHK

CHK

07/01/2026

07/01/2026

Amount
$7,095.99

$67.43

107978

HOIST PRO

Invoice Date

Comment

Amount

1014

04/13/2026

REPAIR SERVICES - ROTARY PARALLELOGRAM

$10,400.00

10205

LAURA ROUGHTON

Invoice

Invoice Date

Comment

Amount

062726

06/27/2026

MILEAGE REIMBURSEMENT - BOARD OF DIRECTORS

$99.33

CHK

CHK

07/01/2026

9542

LEE & RO, INC.
Comment

Amount

1278/15

06/10/2026

PROFESSIONAL SERVICES - WELL 7 EQUIPPING AND PIPELINE PROJECT

$2,584.50

1291/06

06/10/2026

DESIGN SERVICES - CHLORINE CONTACT BASINS COVER AT WWRF

$20,830.50

1295-01/04

06/10/2026

PROFESSIONAL SERVICES - W-352 HILLSIDE POTABLE PUMP STATION MCC REPLACEMENT

$1,100.00

4665

LOWE'S HOME CE