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Home My WebLink About02-12-2025 Administration Committee Meeting Complete Agenda Packet SPECIAL NOTICE PUBLIC ATTENDANCE & PARTICIPATION AT PUBLIC MEETINGS Administration Committee Meeting Wednesday, February 12, 2025 5:00 p.m. Your participation is always welcome. OC San offers several ways in which to interact during meetings. You will find information as to these opportunities below. IN-PERSON MEETING ATTENDANCE You may attend the meeting in-person at the following location: Orange County Sanitation District Headquarters 18480 Bandilier Circle Fountain Valley, CA 92708 ONLINE MEETING PARTICIPATION You may join the meeting live via Teams on your computer or similar device or web browser by using the link below: Click here to join the meeting We suggest testing joining a Teams meeting on your device prior to the commencement of the meeting. For recommendations, general guidance on using Teams, and instructions on joining a Teams meeting, please click here. Please mute yourself upon entry to the meeting. Please raise your hand if you wish to speak during the public comment section of the meeting. The Clerk of the Board will call upon you by using the name you joined with. Meeting attendees are not provided the ability to make a presentation during the meeting. Please contact the Clerk of the Board at least 48 hours prior to the meeting if you wish to present any items. Additionally, camera feeds may be controlled by the meeting moderator to avoid inappropriate content. HOW TO PARTICIPATE IN THE MEETING BY TELEPHONE To join the meeting from your phone: Dial (213) 279-1455 When prompted, enter the Phone Conference ID: 995 249 153# All meeting participants may be muted during the meeting to alleviate background noise. If you are muted, please use *6 to unmute. You may also mute yourself on your device. Please raise your hand to speak by use *5, during the public comment section of the meeting. The Clerk of the Board will call upon you by using the last 4 digits of your phone number as identification. NOTE: All attendees will be disconnected from the meeting at the beginning of Closed Session. If you would like to return to the Open Session portion of the meeting, please login or dial-in to the Teams meeting again and wait in the Lobby for admittance. WATCH THE MEETING ONLINE The meeting will be available for online viewing at: https://ocsd.legistar.com/Calendar.aspx SUBMIT A COMMENT You may submit your comments and questions in writing for consideration in advance of the meeting by using the eComment feature available online at: https://ocsd.legistar.com/Calendar.aspx or sending them to OCSanClerk@ocsan.gov with the subject line “PUBLIC COMMENT ITEM # (insert the item number relevant to your comment)” or “PUBLIC COMMENT NON-AGENDA ITEM”. You may also submit comments and questions for consideration during the meeting by using the eComment feature available online at: https://ocsd.legistar.com/Calendar.aspx. The eComment feature will be available for the duration of the meeting. All written public comments will be provided to the legislative body and may be read into the record or compiled as part of the record. For any questions and/or concerns, please contact the Clerk of the Board’s office at 714-593-7433. Thank you for your interest in OC San! February 5, 2025 NOTICE OF REGULAR MEETING ADMINISTRATION COMMITTEE ORANGE COUNTY SANITATION DISTRICT Wednesday, February 12, 2025 – 5:00 P.M. Headquarters 18480 Bandilier Circle Fountain Valley, CA 92708 ACCESSIBILITY FOR THE GENERAL PUBLIC Your participation is always welcome. Specific information as to how to participate in this meeting is detailed on the Special Notice attached to this agenda. In general, OC San offers several ways in which to interact during this meeting: you may participate in person, join the meeting live via Teams on your computer or similar device or web browser, join the meeting live via telephone, view the meeting online, and/or submit comments for consideration before or during the meeting. The Regular Meeting of the Administration Committee of the Orange County Sanitation District will be held at the above location and in the manner indicated on Wednesday, February 12, 2025 at 5:00 p.m. ADMINISTRATION COMMITTEE MEETING DATE BOARD MEETING DATE 02/12/25 02/26/25 03/12/25 03/26/25 04/09/25 04/23/25 05/14/25 05/28/25 06/11/25 06/25/25 07/09/25 07/23/25 AUGUST DARK 08/27/25 09/10/25 09/24/25 10/08/25 10/22/25 11/12/25 11/19/25 * 12/10/25 12/17/25 * JANUARY DARK 01/28/26 * Meeting will be held on the third Wednesday of the month ROLL CALL ADMINISTRATION COMMITTEE Finance, Information Technology, Environmental Services and Human Resources Meeting Date: February 12, 2025 Time: 5:00 p.m. COMMITTEE MEMBERS (13) Christine Marick, Chair Glenn Grandis, Vice-Chair Melinda Liu Jose Medrano Jordan Nefulda Andrew Nguyen David Shawver Chad Wanke Erik Weigand John Withers Jordan Wu Ryan Gallagher (Board Chair) Jon Dumitru (Board Vice-Chair) OTHERS Scott Smith, General Counsel STAFF Rob Thompson, General Manager Lorenzo Tyner, Assistant General Manager Jennifer Cabral, Director of Communications Mike Dorman, Director of Engineering Laura Maravilla, Director of Human Resources Riaz Moinuddin, Director of Operations & Maintenance Wally Ritchie, Director of Finance Lan Wiborg, Director of Environmental Services Kelly Lore, Clerk of the Board ORANGE COUNTY SANITATION DISTRICT Effective 1/28/2025 BOARD OF DIRECTORS Complete Roster AGENCY/CITIES ACTIVE DIRECTOR ALTERNATE DIRECTOR Anaheim Carlos A. Leon Ryan Balius Brea Christine Marick Cecilia Hupp Buena Park Joyce Ahn Lamiya Hoque Cypress Scott Minikus Bonnie Peat Fountain Valley Glenn Grandis Ted Bui Fullerton Jamie Valencia Shana Charles Garden Grove Stephanie Klopfenstein Cindy Ngoc Tran Huntington Beach Pat Burns Gracey Van Der Mark Irvine Melinda Liu Kathleen Treseder La Habra Jose Medrano Rose Espinoza La Palma Debbie Baker Vikesh Patel Los Alamitos Jordan Nefulda Tanya Doby Newport Beach Erik Weigand Michelle Barto Orange Jon Dumitru John Gyllenhammer Placentia Chad Wanke Ward Smith Santa Ana Johnathan Ryan Hernandez Jessie Lopez Seal Beach Lisa Landau Ben Wong Stanton David Shawver John D. Warren Tustin Ryan Gallagher Austin Lumbard Villa Park Jordan Wu Kelly McBride Sanitary/Water Districts Costa Mesa Sanitary District Bob Ooten Art Perry Midway City Sanitary District Andrew Nguyen Tyler Diep Irvine Ranch Water District John Withers Dan Ferons Yorba Linda Water District Tom Lindsey Gene Hernandez County Areas Board of Supervisors Doug Chaffee Donald P. Wagner ADMINISTRATION COMMITTEE Regular Meeting Agenda Wednesday, February 12, 2025 - 5:00 PM Board Room Headquarters 18480 Bandilier Circle Fountain Valley, CA 92708 (714) 593-7433 ACCOMMODATIONS FOR THE DISABLED: If you require any special disability related accommodations, please contact the Orange County Sanitation District (OC San) Clerk of the Board’s office at (714) 593-7433 at least 72 hours prior to the scheduled meeting. Requests must specify the nature of the disability and the type of accommodation requested. AGENDA POSTING: In accordance with the requirements of California Government Code Section 54954.2, this agenda has been posted outside OC San's Headquarters located at 18480 Bandilier Circle, Fountain Valley, California, and on the OC San’s website at www.ocsan.gov not less than 72 hours prior to the meeting date and time above. All public records relating to each agenda item, including those distributed less than 72 hours prior to the meeting to a majority of the Board of Directors, are available for public inspection with the Clerk of the Board. AGENDA DESCRIPTION: The agenda provides a brief general description of each item of business to be considered or discussed. The recommended action does not indicate what action will be taken. The Board of Directors may take any action which is deemed appropriate. MEETING RECORDING: A recording of this meeting is available within 24 hours after adjournment of the meeting at https://ocsd.legistar.com/Calendar.aspx or by contacting the Clerk of the Board. NOTICE TO DIRECTORS: To place items on the agenda for a Committee or Board Meeting, the item must be submitted to the Clerk of the Board: Kelly A. Lore, MMC, (714) 593-7433 / klore@ocsan.gov at least 14 days before the meeting. For any questions on the agenda, Board members may contact staff at: General Manager: Rob Thompson, rthompson@ocsan.gov / (714) 593-7110 Asst. General Manager: Lorenzo Tyner, ltyner@ocsan.gov / (714) 593-7550 Director of Communications: Jennifer Cabral, jcabral@ocsan.gov / (714) 593-7581 Director of Engineering: Mike Dorman, mdorman@ocsan.gov / (714) 593-7014 Director of Environmental Services: Lan Wiborg, lwiborg@ocsan.gov / (714) 593-7450 Director of Finance: Wally Ritchie, writchie@ocsan.gov / (714) 593-7570 Director of Human Resources: Laura Maravilla, lmaravilla@ocsan.gov / (714) 593-7007 Director of Operations & Maintenance: Riaz Moinuddin, rmoinuddin@ocsan.gov / (714) 593-7269 ADMINISTRATION COMMITTEE Regular Meeting Agenda Wednesday, February 12, 2025 CALL TO ORDER PLEDGE OF ALLEGIANCE ROLL CALL AND DECLARATION OF QUORUM: Clerk of the Board PUBLIC COMMENTS: Your participation is always welcome. Specific information as to how to participate in a meeting is detailed in the Special Notice attached to this agenda. In general, OC San offers several ways in which to interact during meetings: you may participate in person, join the meeting live via Teams on your computer or similar device or web browser, join the meeting live via telephone, view the meeting online, and/or submit comments for consideration before or during the meeting. REPORTS: The Committee Chairperson and the General Manager may present verbal reports on miscellaneous matters of general interest to the Directors. These reports are for information only and require no action by the Directors. CONSENT CALENDAR: Consent Calendar Items are considered to be routine and will be enacted, by the Committee, after one motion, without discussion. Any items withdrawn from the Consent Calendar for separate discussion will be considered in the regular order of business. 1.2025-4022APPROVAL OF MINUTES RECOMMENDATION: Approve minutes of the Regular meeting of the Administration Committee held December 11, 2024. Originator:Kelly Lore Agenda Report 12-11-2024 Administration Committee Meeting Minutes Attachments: 2.2025-4085GENERAL MANAGER APPROVED PURCHASES AND ADDITIONS TO THE PRE-APPROVED OEM SOLE SOURCE LIST RECOMMENDATION: Recommend to the Board of Directors to: A. Receive and file Orange County Sanitation District purchases made under the General Manager’s authority for the period of October 1, 2024 to December 31, 2024; and Page 1 of 4 ADMINISTRATION COMMITTEE Regular Meeting Agenda Wednesday, February 12, 2025 B. Approve the following additions to the pre-approved Original Equipment Manufacturers (OEM) Sole Source List: ·OVIVO - All Ovivo Parts and Equipment Used in Water and Wastewater Treatment Processes Originator:Wally Ritchie Agenda ReportAttachments: 3.2025-4088PUBLIC AFFAIRS UPDATE FOR THE MONTHS OF DECEMBER 2024 AND JANUARY 2025 RECOMMENDATION: Recommend to the Board of Directors to: Receive and file the Public Affairs Update for the months of December 2024 and January 2025. Originator:Jennifer Cabral Agenda Report Outreach and Media Report - December 2024 and January 2025 Attachments: 4.2025-4051LANDSCAPE MAINTENANCE SERVICES, SPECIFICATION NO. S-2024-640BD RECOMMENDATION: Recommend to the Board of Directors to: A. Approve a General Services Contract to Tropical Plaza Nursery, Inc., for Landscape Maintenance Services, Specification No. S-2024-640BD, for a total annual amount not to exceed $239,589, with four (4) one-year renewal options; and B. Approve an annual contingency of $23,959 (10%). Originator:Lorenzo Tyner Agenda Report General Services Contract S-2024-640BD Attachments: NON-CONSENT: 5.2025-4087LEGISLATIVE AFFAIRS UPDATE FOR THE MONTHS OF DECEMBER 2024 AND JANUARY 2025 RECOMMENDATION: Recommend to the Board of Directors to: Page 2 of 4 ADMINISTRATION COMMITTEE Regular Meeting Agenda Wednesday, February 12, 2025 Receive and file the Legislative Affairs Update for the months of December 2024 and January 2025. Originator:Jennifer Cabral Agenda Report Federal Legislative Update EPA Draft Risk Assessment State Legislative Update Local Legislative Update Presentation - State Legislative Update Attachments: 6.2024-3825MID-YEAR FINANCIAL REPORT FOR THE PERIOD ENDED DECEMBER 31, 2024 RECOMMENDATION: Recommend to the Board of Directors to: Receive and file the Orange County Sanitation District Mid-Year Financial Report for the period ended December 31, 2024. Originator:Wally Ritchie Agenda Report Mid-Year Financial Report for the period ended December 31, 2024 Presentation - Mid-Year Financial Report Attachments: 7.2024-3993ACCEPTANCE OF CREDIT CARDS AND DEBIT CARDS AS FORMS OF PAYMENT RECOMMENDATION: Recommend to the Board of Directors to: Adopt Resolution No. OC SAN 25-XX entitled: “A Resolution of the Board of Directors of the Orange County Sanitation District Authorizing Acceptance of Credit Cards and Debit Cards as Payment for OC San Fees and Charges”. Originator:Wally Ritchie Agenda Report Resolution No. OC SAN 25-XX Attachments: 8.2025-4052FLEET CUSTOM EQUIPMENT REPLACEMENT RECOMMENDATION: Recommend to the Board of Directors to: A. Approve an Equipment and Services Contract to Idaho Truck Specialties, LLC DBA Cobalt Truck Equipment, for the Collections Pull Rig Project, to provide a custom-built replacement piece of equipment (Unit) that is similar in nature to the existing Pull Rig equipment in operation, for a total amount not to exceed Page 3 of 4 ADMINISTRATION COMMITTEE Regular Meeting Agenda Wednesday, February 12, 2025 $247,621, to be completed within three hundred sixty five (365) calendar days from the effective date of the Notice to Proceed; B. Approve two (2) optional one-year renewals, each for a total amount not to exceed $247,621, with an application of annual adjustment based on the Consumer Price Index (CPI) for Nevada not to exceed 3.5% per year; and C. Approve a total contingency of $148,573 (20%). Originator:Lorenzo Tyner Agenda Report Equipment and Services Contract - Collections Pull Rig Project Presentation - Fleet Custom Equipment Replacement Attachments: INFORMATION ITEMS: 9.2024-3826INVESTMENT PERFORMANCE RESULTS RECOMMENDATION: Information Item. Originator:Wally Ritchie Agenda Report Presentation - Investment Performance Results (Insight) Attachments: DEPARTMENT HEAD REPORTS: CLOSED SESSION: None. OTHER BUSINESS AND COMMUNICATIONS OR SUPPLEMENTAL AGENDA ITEMS, IF ANY: BOARD OF DIRECTORS INITIATED ITEMS FOR A FUTURE MEETING: At this time Directors may request staff to place an item on a future agenda. ADJOURNMENT: Adjourn the meeting until the Special Meeting of the Administration Committee on March 12, 2025 at 4:00 p.m. Page 4 of 4 ADMINISTRATION COMMITTEE Agenda Report Headquarters 18480 Bandilier Circle Fountain Valley, CA 92708 (714) 593-7433 File #:2025-4022 Agenda Date:2/12/2025 Agenda Item No:1. FROM:Robert Thompson, General Manager Originator: Kelly A. Lore, Clerk of the Board SUBJECT: APPROVAL OF MINUTES GENERAL MANAGER'S RECOMMENDATION RECOMMENDATION: Approve minutes of the Regular meeting of the Administration Committee held December 11, 2024. BACKGROUND In accordance with the Board of Directors Rules of Procedure,an accurate record of each meeting will be provided to the Directors for subsequent approval at the following meeting. RELEVANT STANDARDS ·Resolution No. OC SAN 24-09 ATTACHMENT The following attachment(s)may be viewed on-line at the OC San website (www.ocsan.gov)with the complete agenda package: ·December 11, 2024 Administration Committee meeting minutes Orange County Sanitation District Printed on 1/31/2025Page 1 of 1 powered by Legistar™ Orange County Sanitation District Minutes for the ADMINISTRATION COMMITTEE Wednesday, December 11, 2024 5:00 PM Board Room Headquarters 18480 Bandilier Circle Fountain Valley, CA 92708 (714) 593-7433 CALL TO ORDER A regular meeting of the Administration Committee of the Orange County Sanitation District was called to order by Committee Chairwoman Christine Marick on Wednesday, December 11, 2024 at 5:00 p.m. in the Orange County Sanitation District Headquarters. Director Andrew Nguyen led the pledge of allegiance. ROLL CALL AND DECLARATION OF QUORUM: Assistant Clerk of the Board Tina Knapp declared a quorum present as follows: PRESENT: ABSENT: Jon Dumitru, Glenn Grandis, Christine Marick, Jordan Nefulda, Andrew Nguyen, David Shawver, Kathleen Treseder (Alternate), Chad Wanke, John Withers and Jordan Wu (Alternate)Rose Espinoza, Ryan Gallagher and Erik Weigand (Alternate) STAFF PRESENT: Rob Thompson, General Manager; Lorenzo Tyner, Assistant General Manager; Mike Dorman, Director of Engineering; Laura Maravilla, Director of Human Resources; Riaz Moinuddin, Director of Operations and Maintenance; Wally Ritchie, Director of Finance; Lan Wiborg, Director of Environmental Services; Tina Knapp, Assistant Clerk of the Board; Mo Abiodun; Yiping Cao; Belen Carrillo; Jackie Castro; Sam Choi; Daisy Covarrubias; Thys DeVries; Brian Engeln; Al Garcia; Mark Kawamoto; Rebecca Long; Tom Meregillano; Rob Michaels; Don Stokes; Thomas Vu; Kevin Work; and Ruth Zintzun were present in the Board Room. OTHERS PRESENT: Scott Smith, General Counsel, and Peter Whittingham, Whittingham Public Affairs Advisors, were present in the Board Room. Eric O'Donnell, Townsend Public Affairs, and Eric Sapirstein, ENS Resources, were present telephonically. PUBLIC COMMENTS: None. REPORTS: Chair Marick reported that this month's Steering and Board meetings will be held one week early, on December 18, due to the Christmas holidays on December 24 and 25. Chair Marick also reminded the Committee that the Operations and Administration Committees are dark in January and will not meet. General Manager Rob Thompson did not provide a report. Page 1 of 5 ADMINISTRATION COMMITTEE Minutes December 11, 2024 CONSENT CALENDAR: 1. APPROVAL OF MINUTES 2024-3977 Originator: Kelly Lore MOVED, SECONDED, AND DULY CARRIED TO: Approve minutes of the Regular meeting of the Administration Committee held November 13, 2024. AYES:Jon Dumitru, Glenn Grandis, Christine Marick, Jordan Nefulda, NOES: ABSENT: Andrew Nguyen, David Shawver, Kathleen Treseder (Alternate), Chad Wanke, John Withers, and Jordan Wu (Alternate) None Rose Espinoza, Ryan Gallagher and Erik Weigand (Alternate) ABSTENTIONS:None 2. INVEST AND/OR REINVEST ORANGE COUNTY SANITATION DISTRICT’S FUNDS AND ADOPT INVESTMENT POLICY STATEMENT 2024-3800 Originator: Wally Ritchie MOVED, SECONDED, AND DULY CARRIED TO: Recommend to the Board of Directors to: Recommend to the Board of Directors to: Adopt Resolution No. OC SAN 24-XX entitled: “A Resolution of the Board of Directors of the Orange County Sanitation District, Authorizing the Orange County Sanitation District’s Treasurer to Invest and/or Reinvest the Orange County Sanitation District’s Funds, Adopting the Orange County Sanitation District’s Investment Policy Statement and Performance Benchmarks, and Repealing Resolution No. OC SAN 23-23”. AYES: NOES: ABSENT: Jon Dumitru, Glenn Grandis, Christine Marick, Jordan Nefulda, Andrew Nguyen, David Shawver, Kathleen Treseder (Alternate), Chad Wanke, John Withers and Jordan Wu (Alternate) None Rose Espinoza, Ryan Gallagher and Erik Weigand (Alternate) ABSTENTIONS:None 3. UPDATE TO RECORDS MANAGEMENT PROGRAM PROCEDURES AND RECORDS RETENTION SCHEDULE RESOLUTION 2024-3981 Originator: Jennifer Cabral MOVED, SECONDED, AND DULY CARRIED TO: Recommend to the Board of Directors to: Page 2 of 5 ADMINISTRATION COMMITTEE Minutes December 11, 2024 Adopt Resolution No. OC SAN 24-XX entitled: “A Resolution of the Board of Directors of the Orange County Sanitation District Adopting the Records Management Program Procedures and Records Retention Schedule, Authorizing Destruction of Obsolete Records, and Repealing Resolution No. OC SAN 24-02”. AYES: NOES: ABSENT: Jon Dumitru, Glenn Grandis, Christine Marick, Jordan Nefulda, Andrew Nguyen, David Shawver, Kathleen Treseder (Alternate), Chad Wanke, John Withers and Jordan Wu (Alternate) None Rose Espinoza, Ryan Gallagher and Erik Weigand (Alternate) ABSTENTIONS:None 4. PAYMENT OF ANNUAL NATIONAL POLLUTANT DISCHARGE AND ELIMINATION SYSTEM (NPDES) PERMIT FEES 2024-3989 Originator: Lan Wiborg MOVED, SECONDED, AND DULY CARRIED TO: Recommend to the Board of Directors to: Approve payment to the State Water Pollution Control Board in an amount not to exceed $950,000 for the annual NPDES ocean discharge permit fees for Fiscal Year 2024-2025. AYES: NOES: ABSENT: Jon Dumitru, Glenn Grandis, Christine Marick, Jordan Nefulda, Andrew Nguyen, David Shawver, Kathleen Treseder (Alternate), Chade Wanke, John Withers and Jordan Wu (Alternate) None Rose Espinoza, Ryan Gallagher and Erik Weigand (Alternate) ABSTENTIONS:None 5. PROFESSIONAL SERVICES AND IT HARDWARE FOR TEAMS VOICE DEPLOYMENT 2024-3986 Originator: Wally Ritchie MOVED, SECONDED, AND DULY CARRIED TO: Recommend to the Board of Directors to: A. Approve a Purchase Order Contract to Enabling Technologies for the purchase of Professional Services and IT Hardware for Teams Voice Deployment using OMNIA Contract No. R200803, for an amount not to exceed $438,342; and B. Approve a contingency of $65,751 (15%). AYES:Jon Dumitru, Glenn Grandis, Christine Marick, Jordan Nefulda, Andrew Nguyen, David Shawver, Kathleen Treseder (Alternate), Chad Wanke, John Withers and Jordan Wu (Alternate) Page 3 of 5 ADMINISTRATION COMMITTEE Minutes December 11, 2024 NOES: ABSENT: None Rose Espinoza, Ryan Gallagher and Erik Weigand (Alternate) ABSTENTIONS:None NON-CONSENT: 6. LEGISLATIVE AFFAIRS UPDATE FOR THE MONTH OF NOVEMBER 2024 2024-3990 Originator: Jennifer Cabral Daisy Covarrubias, Public Affairs Supervisor, introduced Peter Whittingham, Whittingham Public Affairs Advisors, who gave a presentation reviewing election results and providing a forecast of 2025 regional issues. MOVED, SECONDED, AND DULY CARRIED TO: Recommend to the Board of Directors to: Receive and file the Legislative Affairs Update for the month November 2024. AYES:Jon Dumitru, Glenn Grandis, Christine Marick, Jordan Nefulda, NOES: ABSENT: Andrew Nguyen, David Shawver, Kathleen Treseder (Alternate), Chad Wanke, John Withers and Jordan Wu (Alternate) None Rose Espinoza, Ryan Gallagher and Erik Weigand (Alternate) ABSTENTIONS:None Director John Withers left the meeting at 5:14 p.m. 7.PUBLIC AFFAIRS STRATEGIC PLAN FOR FISCAL YEARS 2024-2026 MID-YEAR UPDATE 2024-3992 Originator: Jennifer Cabral Ms. Covarrubias provided a PowerPoint presentation of the Public Affairs Fiscal Years 2024-2026 Strategic Plan mid-year update, which included a brief overview of the Public Affairs Division, recent employee and community outreach activity, recent legislative activities, and a forecast of the next six months. MOVED, SECONDED, AND DULY CARRIED TO: Recommend to the Board of Directors to: Receive and file the Public Affairs Strategic Plan for Fiscal Years 2024- 2026 Mid-Year Update. AYES:Jon Dumitru, Glenn Grandis, Christine Marick, Jordan Nefulda, Andrew Nguyen, David Shawver, Kathleen Treseder (Alternate), Chad Wanke and Jordan Wu (Alternate) Page 4 of 5 ADMINISTRATION COMMITTEE Minutes December 11, 2024 NOES: ABSENT: None Rose Espinoza, Ryan Gallagher, Erik Weigand (Alternate) and John Withers ABSTENTIONS:None INFORMATION ITEMS: None. DEPARTMENT HEAD REPORTS: None. CLOSED SESSION: None. OTHER BUSINESS AND COMMUNICATIONS OR SUPPLEMENTAL AGENDA ITEMS, IF ANY: None. BOARD OF DIRECTORS INITIATED ITEMS FOR A FUTURE MEETING: None. ADJOURNMENT: Chair Marick declared the meeting adjourned at 5:18 p.m. to the next Regular Administration Committee meeting to be held on Wednesday, February 12, 2025 at 5:00 p.m. Submitted by: _____________________ Tina Knapp, MMC Assistant Clerk of the Board Page 5 of 5 ADMINISTRATION COMMITTEE Agenda Report Headquarters 18480 Bandilier Circle Fountain Valley, CA 92708 (714) 593-7433 File #:2025-4085 Agenda Date:2/12/2025 Agenda Item No:2. FROM:Robert Thompson, General Manager Originator: Wally Ritchie, Director of Finance SUBJECT: GENERAL MANAGER APPROVED PURCHASES AND ADDITIONS TO THE PRE-APPROVED OEM SOLE SOURCE LIST GENERAL MANAGER'S RECOMMENDATION RECOMMENDATION: Recommend to the Board of Directors to: A. Receive and file Orange County Sanitation District purchases made under the General Manager’s authority for the period of October 1, 2024 to December 31, 2024; and B. Approve the following additions to the pre-approved Original Equipment Manufacturers (OEM) Sole Source List: ·OVIVO - All Ovivo Parts and Equipment Used in Water and Wastewater Treatment Processes BACKGROUND Staff provides the Administration Committee,and the Board of Directors quarterly reports of General Manager approved and executed purchases between $50,000 and $150,000;maintenance and repair Services Task Orders between $50,000 and $500,000;and additions to the pre-approved OEM Sole Source List. This list of additions to the pre-approved OEM Sole Source List displays the OEM added this quarter that require sole source procurement to maintain,service,or replace equipment currently in operation at Orange County Sanitation District (OC San)facilities because the parts and/or service can only be provided by the OEM or their designated representative. RELEVANT STANDARDS ·Quarterly financial reporting ·Ensure the public’s money is wisely spent Orange County Sanitation District Printed on 2/3/2025Page 1 of 6 powered by Legistar™ File #:2025-4085 Agenda Date:2/12/2025 Agenda Item No:2. PRIOR COMMITTEE/BOARD ACTIONS December 2016 -Minute Order 12(b)authorized the General Manager to ratify additions or deletions to the OEM Sole Source list on the General Manager’s quarterly approved purchases agenda report. ADDITIONAL INFORMATION In accordance with Board purchasing policies,Ordinance No.OC SAN-61,the General Manager has authority to approve and execute purchases between $50,000 and $150,000.Below is a summary of General Manager approved purchases,in amounts exceeding $50,000,for the second quarter of fiscal year 2024-25: Vendor Name Amount Department Description/Discussion AVEVA SELECT CALIFORNIA $101,040.00 Administrative Services Annual PO for Wonderware Premium First Level Support Service 11/16/24 - 11/15/25 Board Approved OEM Sole Source List M.O. 8/28/19, Item 3(B) BAY CITY INDUSTRIAL SUPPLY $56,823.65 Operations & Maintenance Purchase of One (1) Inline Helical Gearmotor for Secondary Clarifiers at Plant 1 Informal Bid 137372-OR CARAHSOFT TECHNOLOGY CORPORATION $59,798.34 Administrative Services Annual PO for Granicus Software Subscription Including eComment, Legistar, and GovMeetings Live Cast 11/19/24 - 11/18/25 GSA Contract # 47QSWA18D008F, in Accordance with Ordinance OC SAN-61 Section 2.03 (B) Cooperative Purchases CARAHSOFT TECHNOLOGY CORPORATION $148,466.72 Administrative Services ServiceNow Software Implementation NASPO Master Contract # AR2472, in Accordance with Ordinance OC SAN-61 Section 2.03 (B) Cooperative Purchases CLEAN HARBORS ENVIRONMENTAL SERVICES INC $140,000.00 Operations & Maintenance Convenience Blanket PO for Vactor Services at Plant 1 and 2 11/15/24 - 11/14/25 GM Article 2, Section 2.2 (b) (1) COOPER MACHINERY SERVICES LLC $59,600.68 Operations & Maintenance Disassembly, Cleaning, Inspection, and Rebuild of Cooper Bessemer ET18NR Turbocharger Board Approved OEM Sole Source List M.O. 8/23/17, Item 9(B) DC FROST ASSOCIATES, INC. $53,600.00 Administrative Services Stock Item Purchase of Eight Thousand (8,000) Sanitaire-Xylem Membrane Disc Diffusers Board Approved OEM Sole Source List M.O. 8/28/24, Item 7(B) DXP ENTERPRISES, INC. $70,196.00 Administrative Services Stock Item Purchase of Two (2) SEEPEX 60/300-12T Stators and One (1) SEEPEX Progressive Cavity Pump Board Approved OEM Sole Source List M.O. 12/14/16, Item 12(B) ECS IMAGING INC $73,611.39 Administrative Services Blanket PO for Laserfiche Rio Software and Annual Maintenance for Phase III of the Laserfiche / RIMS Implementation Project Region 14 ESC - TX Contract # 01-159, in Accordance with Ordinance OC SAN-61 Section 2.03 (B) Cooperative Purchases EJ USA, INC $79,657.60 Administrative Services Stock Item Purchase of Forty (40) 24-Inch and Sixty (60) 36-Inch Manhole Frames and Covers Specification No. E-2022-1367BD EPLUS TECHNOLOGY, INC. $80,000.00 Administrative Services Blanket PO to Provide IT Consulting Services and Resources on a Time and Materials Basis GSA Contract # 47QTCA23D00CZ, in Accordance with Ordinance OC SAN-61 Section 2.03 (B) Cooperative Purchases EVERON, LLC $127,988.02 Operations & Maintenance Blanket PO for Preventive Maintenance, Testing & Inspection of Portable Fire Extinguishers (Plants 1 & 2 And Pump Stations) 1/1/25 - 12/31/25 with One (1) Optional 1-year Renewal Period Specification No. S-2021-1278 FLO-SERVICES, INC. $125,000.00 Operations & Maintenance Convenience Blanket PO for Emergency and Urgent Pump Services, Repairs, and Parts at Pump Stations 11/1/24 - 10/31/25 GM Article 2, Section 2.2 (b) (1) GEA MECHANICAL EQUIPMENT US, INC. $62,225.96 Administrative Services Stock Item Purchase of Two (2) GEA Westfalia Centrifuge Slide Ring Packing Units Board Approved OEM Sole Source List M.O. 9/23/20, Item 12(B) GEA MECHANICAL EQUIPMENT US, INC. $112,299.92 Administrative Services Stock Item Purchase of GEA Westfalia Centrifuge Parts Board Approved OEM Sole Source List M.O. 9/23/20, Item 12(B) GOVERNMENT JOBS.COM INC $63,157.28 Administrative Services Blanket PO for NeoGov Onboard and Insight Subscription 12/18/24 - 10/30/27 Board Approved OEM Sole Source List M.O. 12/14/16, Item 12(B) HARTZELL AIR MOVEMENT $76,337.00 Operations & Maintenance Purchase of One (1) Fiberglass Backward Curved Centrifugal Fan and One (1) Inlet Flex Connector Board Approved OEM Sole Source List M.O. 5/24/17, Item 17(B) INSIGHT PUBLIC SECTOR, INC. $50,958.60 Administrative Services Purchase of Four (4) Cisco Catalyst IE9320 Rugged Series and Eight (8) 250W Cisco Power Supplies Omnia Partners Contract # 23-6692-03, in Accordance with Ordinance OC SAN-61 Section 2.03 (B) Cooperative Purchases INTEGRATED POWER SERVICES LLC $65,588.00 Operations & Maintenance Purchase of Two (2) HVK-10M40A-VV-MOC Toshiba Vacuum Circuit Breakers Informal Bid 137336-OR JAMISON ENGINEERING CONTRACTORS, INC. $63,000.00 Engineering Plant 1 Digester Mixing Chopper Pump Replacement Project No. FE24-01 Informal Bid 135640-OR JAMISON ENGINEERING CONTRACTORS, INC. $139,150.00 Operations & Maintenance Blanket PO for Repair Services for Primary Clarifier N at Plant 2 Sole Source Justification 2823 Reason: OEM Equipment/Part/Service MICROSOFT CORPORATION $115,885.40 Administrative Services Blanket PO for Microsoft Enterprise Support Services 1/1/25 - 12/31/25 Board Approved OEM Sole Source List M.O. 12/14/16, Item 12(B) MISCO WATER $59,280.00 Operations & Maintenance Purchase of Sixteen (16) Fontaine-Aquanox Series 92 Stop Plates for PRN-01011 Slide Gate Replacement Board Approved OEM Sole Source List M.O. 2/24/21, Item 10(B) NTH GENERATION COMPUTING INC $115,540.00 Administrative Services Annual PO for Fortinet Support and Maintenance NCPA Contract # 001-170, in Accordance with Ordinance OC SAN-61 Section 2.03 (B) Cooperative Purchases ODYSSEY POWER CORPORATION $102,292.00 Operations & Maintenance Blanket PO for Quarterly, Semi-Annual, and Annual Inspection/Maintenance of Switchgear, Batteries, & UPS Systems 11/1/24 - 10/31/25 with Four (4) Optional 1- year Renewal Periods Specification No. S- 2024-617BD OVIVO USA, LLC $128,775.00 Operations & Maintenance Purchase of One (1) Ovivo C60LT Replacement Clarifier Drive Sole Source Justification 2823 Reason: OEM Equipment/Part/Service PFM FINANCIAL ADVISORS LLC $100,000.00 Administrative Services Blanket PO for Municipal Financial Advisory Services 12/1/24 - 11/30/25 with Four (4) Optional 1-year Renewal Periods Specification No. S-2024-619BD POWERFLO PRODUCTS INC $79,500.00 Administrative Services Stock Item Purchase of Six (6) Chesterton Split Seal Repair Kits for Process Pumps Board Approved OEM Sole Source List M.O. 12/14/16, Item 12(B) QUINN POWER SYSTEMS $78,396.95 Operations & Maintenance Service PO to Provide 2000KW Generator Rental with Cables Sourcewell Contract # 092222-CAT, in Accordance with Ordinance OC SAN-61 Section 2.03 (B) Cooperative Purchases QUINN POWER SYSTEMS $140,000.00 Operations & Maintenance Blanket PO for Generator Rentals to Sustain Normal Plant Operations During Maintenance and Project Shutdowns 11/1/24 -10/31/25 Sourcewell Contract # 092222- CAT, in Accordance with Ordinance OC SAN -61 Section 2.03 (B) Cooperative Purchases ROD INTERNATIONAL HOLDINGS, LLC $148,835.52 Operations & Maintenance Site Access and License Agreement to Operate and Maintain a Chemical Dosing Station 2/1/25 - 1/31/28 Board Award M.O. 12/18/24, Item 13(A) SADDLEBACK ENVIRONMENTAL EQUIPMENT, INC. $50,700.00 Administrative Services Stock Item Purchase of One (1) Gooch Spiral Heat Exchanger Board Approved OEM Sole Source List M.O. 2/24/21, Item 10 (B) SADDLEBACK ENVIRONMENTAL EQUIPMENT, INC. $79,800.00 Operations & Maintenance Purchase of One (1) Gooch Thermal Type 1- DO/SLU Model 220SF Spiral Sludge Heat Exchanger for Digesters P, Q, R, and S at Plant 2 Board Approved OEM Sole Source List M.O. 2/24/21, Item 10(B) SMITH SYSTEM DRIVER IMPROVEMENT INSTITUE $126,874.00 Human Resources Blanket PO for Hands-On Driver Training for Plant 1 and Plant 2 Drivers Sole Source Justification 2830 Reason: Unique Product/Service SUNSET INDUSTRIAL PARTS $52,914.42 Administrative Services Stock Item Purchase of Eight (8) SKF Cylindrical Bearings, Four (4) SKF Deep Groove Ball Bearings, and Two (2) SKF Ball Bearings Informal Bid 45282-OQ TEAM ONE MANAGEMENT $120,000.00 Administrative Services Blanket PO for Headquarters Janitorial Services County of Orange Contract # MA- 080-23011674, in Accordance with Ordinance OC SAN-61 Section 2.03 (B) Cooperative Purchases THEODORE ROBINS FORD $125,600.00 Administrative Services Purchase of Four (4) New 2025 Ford Maverick Hybrid (W8A0) XL FWD Supercrew Trucks Approved CORF Budget FY 23/24 Sole Source Justification 2829 Reason: Unique Product/Service TONY DEMARIA ELECTRIC INC. $85,000.00 Operations & Maintenance Service PO to Rewind 865 KVA Hitran Transformer Model CAT Z10151-00 Informal Bid 136362-OR TRANE COMPANY - EQUIPMENT $59,170.00 Administrative Services Blanket PO for Quarterly HVAC Preventative Maintenance Services of Absorption Chillers at Plant 1 and 2 Omnia Racine Contract # 3341, in Accordance with Ordinance OC SAN-61 Section 2.03 (B) Cooperative Purchases TRANE U.S. INC. - PARTS $50,527.96 Administrative Services Purchase of One (1) 200-230/460V Motor and Various Parts for Absorption Chiller Board Approved OEM Sole Source List M.O. 2/26/20, Item 13(B) VASQUEZ + COMPANY LLP $75,000.00 Administrative Services Blanket PO for Internal Auditing Services 10/3/24 - 10/2/25 with 4 Optional 1-Year Renewal Periods Specification No. CS-2024- 616 VEOLIA WTS SERVICES USA, INC. $63,599.81 Operations & Maintenance Purchase of Climber Screen Repair Parts for Plant 1 Board Approved OEM Sole Source List M.O. 11/20/24, Item 22(B) Orange County Sanitation District Printed on 2/3/2025Page 2 of 6 powered by Legistar™ File #:2025-4085 Agenda Date:2/12/2025 Agenda Item No:2. Vendor Name Amount Department Description/DiscussionAVEVA SELECTCALIFORNIA $101,040.00 AdministrativeServices Annual PO for Wonderware Premium FirstLevel Support Service 11/16/24 - 11/15/25Board Approved OEM Sole Source ListM.O. 8/28/19, Item 3(B)BAY CITYINDUSTRIALSUPPLY $56,823.65 Operations &Maintenance Purchase of One (1) Inline HelicalGearmotor for Secondary Clarifiers at Plant1 Informal Bid 137372-ORCARAHSOFTTECHNOLOGYCORPORATION$59,798.34 AdministrativeServices Annual PO for Granicus SoftwareSubscription Including eComment, Legistar,and GovMeetings Live Cast 11/19/24 -11/18/25 GSA Contract # 47QSWA18D008F,in Accordance with Ordinance OC SAN-61Section 2.03 (B) Cooperative PurchasesCARAHSOFTTECHNOLOGYCORPORATION$148,466.72 AdministrativeServices ServiceNow Software ImplementationNASPO Master Contract # AR2472, inAccordance with Ordinance OC SAN-61Section 2.03 (B) Cooperative PurchasesCLEAN HARBORSENVIRONMENTALSERVICES INC $140,000.00 Operations &Maintenance Convenience Blanket PO for Vactor Servicesat Plant 1 and 2 11/15/24 - 11/14/25 GMArticle 2, Section 2.2 (b) (1)COOPERMACHINERYSERVICES LLC $59,600.68 Operations &Maintenance Disassembly, Cleaning, Inspection, andRebuild of Cooper Bessemer ET18NRTurbocharger Board Approved OEM SoleSource List M.O. 8/23/17, Item 9(B)DC FROSTASSOCIATES, INC.$53,600.00 AdministrativeServices Stock Item Purchase of Eight Thousand(8,000) Sanitaire-Xylem Membrane DiscDiffusers Board Approved OEM Sole SourceList M.O. 8/28/24, Item 7(B)DXP ENTERPRISES, INC. $70,196.00 Administrative Services Stock Item Purchase of Two (2) SEEPEX 60/300-12T Stators and One (1) SEEPEX Progressive Cavity Pump Board Approved OEM Sole Source List M.O. 12/14/16, Item 12(B) ECS IMAGING INC $73,611.39 Administrative Services Blanket PO for Laserfiche Rio Software and Annual Maintenance for Phase III of the Laserfiche / RIMS Implementation Project Region 14 ESC - TX Contract # 01-159, in Accordance with Ordinance OC SAN-61 Section 2.03 (B) Cooperative Purchases EJ USA, INC $79,657.60 Administrative Services Stock Item Purchase of Forty (40) 24-Inch and Sixty (60) 36-Inch Manhole Frames and Covers Specification No. E-2022-1367BD EPLUS TECHNOLOGY, INC. $80,000.00 Administrative Services Blanket PO to Provide IT Consulting Services and Resources on a Time and Materials Basis GSA Contract # 47QTCA23D00CZ, in Accordance with Ordinance OC SAN-61 Section 2.03 (B) Cooperative Purchases EVERON, LLC $127,988.02 Operations & Maintenance Blanket PO for Preventive Maintenance, Testing & Inspection of Portable Fire Extinguishers (Plants 1 & 2 And Pump Stations) 1/1/25 - 12/31/25 with One (1) Optional 1-year Renewal Period Specification No. S-2021-1278 FLO-SERVICES, INC. $125,000.00 Operations & Maintenance Convenience Blanket PO for Emergency and Urgent Pump Services, Repairs, and Parts at Pump Stations 11/1/24 - 10/31/25 GM Article 2, Section 2.2 (b) (1) GEA MECHANICAL EQUIPMENT US, INC. $62,225.96 Administrative Services Stock Item Purchase of Two (2) GEA Westfalia Centrifuge Slide Ring Packing Units Board Approved OEM Sole Source List M.O. 9/23/20, Item 12(B) GEA MECHANICAL EQUIPMENT US, INC. $112,299.92 Administrative Services Stock Item Purchase of GEA Westfalia Centrifuge Parts Board Approved OEM Sole Source List M.O. 9/23/20, Item 12(B) GOVERNMENT JOBS.COM INC $63,157.28 Administrative Services Blanket PO for NeoGov Onboard and Insight Subscription 12/18/24 - 10/30/27 Board Approved OEM Sole Source List M.O. 12/14/16, Item 12(B) HARTZELL AIR MOVEMENT $76,337.00 Operations & Maintenance Purchase of One (1) Fiberglass Backward Curved Centrifugal Fan and One (1) Inlet Flex Connector Board Approved OEM Sole Source List M.O. 5/24/17, Item 17(B) INSIGHT PUBLIC SECTOR, INC. $50,958.60 Administrative Services Purchase of Four (4) Cisco Catalyst IE9320 Rugged Series and Eight (8) 250W Cisco Power Supplies Omnia Partners Contract # 23-6692-03, in Accordance with Ordinance OC SAN-61 Section 2.03 (B) Cooperative Purchases INTEGRATED POWER SERVICES LLC $65,588.00 Operations & Maintenance Purchase of Two (2) HVK-10M40A-VV-MOC Toshiba Vacuum Circuit Breakers Informal Bid 137336-OR JAMISON ENGINEERING CONTRACTORS, INC. $63,000.00 Engineering Plant 1 Digester Mixing Chopper Pump Replacement Project No. FE24-01 Informal Bid 135640-OR JAMISON ENGINEERING CONTRACTORS, INC. $139,150.00 Operations & Maintenance Blanket PO for Repair Services for Primary Clarifier N at Plant 2 Sole Source Justification 2823 Reason: OEM Equipment/Part/Service MICROSOFT CORPORATION $115,885.40 Administrative Services Blanket PO for Microsoft Enterprise Support Services 1/1/25 - 12/31/25 Board Approved OEM Sole Source List M.O. 12/14/16, Item 12(B) MISCO WATER $59,280.00 Operations & Maintenance Purchase of Sixteen (16) Fontaine-Aquanox Series 92 Stop Plates for PRN-01011 Slide Gate Replacement Board Approved OEM Sole Source List M.O. 2/24/21, Item 10(B) NTH GENERATION COMPUTING INC $115,540.00 Administrative Services Annual PO for Fortinet Support and Maintenance NCPA Contract # 001-170, in Accordance with Ordinance OC SAN-61 Section 2.03 (B) Cooperative Purchases ODYSSEY POWER CORPORATION $102,292.00 Operations & Maintenance Blanket PO for Quarterly, Semi-Annual, and Annual Inspection/Maintenance of Switchgear, Batteries, & UPS Systems 11/1/24 - 10/31/25 with Four (4) Optional 1- year Renewal Periods Specification No. S- 2024-617BD OVIVO USA, LLC $128,775.00 Operations & Maintenance Purchase of One (1) Ovivo C60LT Replacement Clarifier Drive Sole Source Justification 2823 Reason: OEM Equipment/Part/Service PFM FINANCIAL ADVISORS LLC $100,000.00 Administrative Services Blanket PO for Municipal Financial Advisory Services 12/1/24 - 11/30/25 with Four (4) Optional 1-year Renewal Periods Specification No. S-2024-619BD POWERFLO PRODUCTS INC $79,500.00 Administrative Services Stock Item Purchase of Six (6) Chesterton Split Seal Repair Kits for Process Pumps Board Approved OEM Sole Source List M.O. 12/14/16, Item 12(B) QUINN POWER SYSTEMS $78,396.95 Operations & Maintenance Service PO to Provide 2000KW Generator Rental with Cables Sourcewell Contract # 092222-CAT, in Accordance with Ordinance OC SAN-61 Section 2.03 (B) Cooperative Purchases QUINN POWER SYSTEMS $140,000.00 Operations & Maintenance Blanket PO for Generator Rentals to Sustain Normal Plant Operations During Maintenance and Project Shutdowns 11/1/24 -10/31/25 Sourcewell Contract # 092222- CAT, in Accordance with Ordinance OC SAN -61 Section 2.03 (B) Cooperative Purchases ROD INTERNATIONAL HOLDINGS, LLC $148,835.52 Operations & Maintenance Site Access and License Agreement to Operate and Maintain a Chemical Dosing Station 2/1/25 - 1/31/28 Board Award M.O. 12/18/24, Item 13(A) SADDLEBACK ENVIRONMENTAL EQUIPMENT, INC. $50,700.00 Administrative Services Stock Item Purchase of One (1) Gooch Spiral Heat Exchanger Board Approved OEM Sole Source List M.O. 2/24/21, Item 10 (B) SADDLEBACK ENVIRONMENTAL EQUIPMENT, INC. $79,800.00 Operations & Maintenance Purchase of One (1) Gooch Thermal Type 1- DO/SLU Model 220SF Spiral Sludge Heat Exchanger for Digesters P, Q, R, and S at Plant 2 Board Approved OEM Sole Source List M.O. 2/24/21, Item 10(B) SMITH SYSTEM DRIVER IMPROVEMENT INSTITUE $126,874.00 Human Resources Blanket PO for Hands-On Driver Training for Plant 1 and Plant 2 Drivers Sole Source Justification 2830 Reason: Unique Product/Service SUNSET INDUSTRIAL PARTS $52,914.42 Administrative Services Stock Item Purchase of Eight (8) SKF Cylindrical Bearings, Four (4) SKF Deep Groove Ball Bearings, and Two (2) SKF Ball Bearings Informal Bid 45282-OQ TEAM ONE MANAGEMENT $120,000.00 Administrative Services Blanket PO for Headquarters Janitorial Services County of Orange Contract # MA- 080-23011674, in Accordance with Ordinance OC SAN-61 Section 2.03 (B) Cooperative Purchases THEODORE ROBINS FORD $125,600.00 Administrative Services Purchase of Four (4) New 2025 Ford Maverick Hybrid (W8A0) XL FWD Supercrew Trucks Approved CORF Budget FY 23/24 Sole Source Justification 2829 Reason: Unique Product/Service TONY DEMARIA ELECTRIC INC. $85,000.00 Operations & Maintenance Service PO to Rewind 865 KVA Hitran Transformer Model CAT Z10151-00 Informal Bid 136362-OR TRANE COMPANY - EQUIPMENT $59,170.00 Administrative Services Blanket PO for Quarterly HVAC Preventative Maintenance Services of Absorption Chillers at Plant 1 and 2 Omnia Racine Contract # 3341, in Accordance with Ordinance OC SAN-61 Section 2.03 (B) Cooperative Purchases TRANE U.S. INC. - PARTS $50,527.96 Administrative Services Purchase of One (1) 200-230/460V Motor and Various Parts for Absorption Chiller Board Approved OEM Sole Source List M.O. 2/26/20, Item 13(B) VASQUEZ + COMPANY LLP $75,000.00 Administrative Services Blanket PO for Internal Auditing Services 10/3/24 - 10/2/25 with 4 Optional 1-Year Renewal Periods Specification No. CS-2024- 616 VEOLIA WTS SERVICES USA, INC. $63,599.81 Operations & Maintenance Purchase of Climber Screen Repair Parts for Plant 1 Board Approved OEM Sole Source List M.O. 11/20/24, Item 22(B) Orange County Sanitation District Printed on 2/3/2025Page 3 of 6 powered by Legistar™ File #:2025-4085 Agenda Date:2/12/2025 Agenda Item No:2. Vendor Name Amount Department Description/DiscussionAVEVA SELECTCALIFORNIA $101,040.00 AdministrativeServices Annual PO for Wonderware Premium FirstLevel Support Service 11/16/24 - 11/15/25Board Approved OEM Sole Source ListM.O. 8/28/19, Item 3(B)BAY CITYINDUSTRIALSUPPLY $56,823.65 Operations &Maintenance Purchase of One (1) Inline HelicalGearmotor for Secondary Clarifiers at Plant1 Informal Bid 137372-ORCARAHSOFTTECHNOLOGYCORPORATION$59,798.34 AdministrativeServices Annual PO for Granicus SoftwareSubscription Including eComment, Legistar,and GovMeetings Live Cast 11/19/24 -11/18/25 GSA Contract # 47QSWA18D008F,in Accordance with Ordinance OC SAN-61Section 2.03 (B) Cooperative PurchasesCARAHSOFTTECHNOLOGYCORPORATION$148,466.72 AdministrativeServices ServiceNow Software ImplementationNASPO Master Contract # AR2472, inAccordance with Ordinance OC SAN-61Section 2.03 (B) Cooperative PurchasesCLEAN HARBORSENVIRONMENTALSERVICES INC $140,000.00 Operations &Maintenance Convenience Blanket PO for Vactor Servicesat Plant 1 and 2 11/15/24 - 11/14/25 GMArticle 2, Section 2.2 (b) (1)COOPERMACHINERYSERVICES LLC $59,600.68 Operations &Maintenance Disassembly, Cleaning, Inspection, andRebuild of Cooper Bessemer ET18NRTurbocharger Board Approved OEM SoleSource List M.O. 8/23/17, Item 9(B)DC FROSTASSOCIATES, INC.$53,600.00 AdministrativeServices Stock Item Purchase of Eight Thousand(8,000) Sanitaire-Xylem Membrane DiscDiffusers Board Approved OEM Sole SourceList M.O. 8/28/24, Item 7(B)DXPENTERPRISES,INC.$70,196.00 AdministrativeServices Stock Item Purchase of Two (2) SEEPEX60/300-12T Stators and One (1) SEEPEXProgressive Cavity Pump Board ApprovedOEM Sole Source List M.O. 12/14/16, Item12(B)ECS IMAGING INC $73,611.39 AdministrativeServices Blanket PO for Laserfiche Rio Software andAnnual Maintenance for Phase III of theLaserfiche / RIMS Implementation ProjectRegion 14 ESC - TX Contract # 01-159, inAccordance with Ordinance OC SAN-61Section 2.03 (B) Cooperative PurchasesEJ USA, INC $79,657.60 AdministrativeServices Stock Item Purchase of Forty (40) 24-Inchand Sixty (60) 36-Inch Manhole Frames andCovers Specification No. E-2022-1367BDEPLUSTECHNOLOGY, INC.$80,000.00 AdministrativeServices Blanket PO to Provide IT ConsultingServices and Resources on a Time andMaterials Basis GSA Contract #47QTCA23D00CZ, in Accordance withOrdinance OC SAN-61 Section 2.03 (B)Cooperative PurchasesEVERON, LLC $127,988.02 Operations &Maintenance Blanket PO for Preventive Maintenance,Testing & Inspection of Portable FireExtinguishers (Plants 1 & 2 And PumpStations) 1/1/25 - 12/31/25 with One (1)Optional 1-year Renewal PeriodSpecification No. S-2021-1278FLO-SERVICES,INC.$125,000.00 Operations &Maintenance Convenience Blanket PO for Emergency andUrgent Pump Services, Repairs, and Partsat Pump Stations 11/1/24 - 10/31/25 GMArticle 2, Section 2.2 (b) (1)GEA MECHANICALEQUIPMENT US,INC.$62,225.96 AdministrativeServices Stock Item Purchase of Two (2) GEAWestfalia Centrifuge Slide Ring PackingUnits Board Approved OEM Sole Source ListM.O. 9/23/20, Item 12(B)GEA MECHANICALEQUIPMENT US,INC.$112,299.92 AdministrativeServices Stock Item Purchase of GEA WestfaliaCentrifuge Parts Board Approved OEM SoleSource List M.O. 9/23/20, Item 12(B)GOVERNMENTJOBS.COM INC $63,157.28 AdministrativeServices Blanket PO for NeoGov Onboard and InsightSubscription 12/18/24 - 10/30/27 BoardApproved OEM Sole Source List M.O.12/14/16, Item 12(B)HARTZELL AIRMOVEMENT $76,337.00 Operations &Maintenance Purchase of One (1) Fiberglass BackwardCurved Centrifugal Fan and One (1) InletFlex Connector Board Approved OEM SoleSource List M.O. 5/24/17, Item 17(B)INSIGHT PUBLICSECTOR, INC.$50,958.60 AdministrativeServices Purchase of Four (4) Cisco Catalyst IE9320Rugged Series and Eight (8) 250W CiscoPower Supplies Omnia Partners Contract #23-6692-03, in Accordance with OrdinanceOC SAN-61 Section 2.03 (B) Cooperative Purchases INTEGRATED POWER SERVICES LLC $65,588.00 Operations & Maintenance Purchase of Two (2) HVK-10M40A-VV-MOC Toshiba Vacuum Circuit Breakers Informal Bid 137336-OR JAMISON ENGINEERING CONTRACTORS, INC. $63,000.00 Engineering Plant 1 Digester Mixing Chopper Pump Replacement Project No. FE24-01 Informal Bid 135640-OR JAMISON ENGINEERING CONTRACTORS, INC. $139,150.00 Operations & Maintenance Blanket PO for Repair Services for Primary Clarifier N at Plant 2 Sole Source Justification 2823 Reason: OEM Equipment/Part/Service MICROSOFT CORPORATION $115,885.40 Administrative Services Blanket PO for Microsoft Enterprise Support Services 1/1/25 - 12/31/25 Board Approved OEM Sole Source List M.O. 12/14/16, Item 12(B) MISCO WATER $59,280.00 Operations & Maintenance Purchase of Sixteen (16) Fontaine-Aquanox Series 92 Stop Plates for PRN-01011 Slide Gate Replacement Board Approved OEM Sole Source List M.O. 2/24/21, Item 10(B) NTH GENERATION COMPUTING INC $115,540.00 Administrative Services Annual PO for Fortinet Support and Maintenance NCPA Contract # 001-170, in Accordance with Ordinance OC SAN-61 Section 2.03 (B) Cooperative Purchases ODYSSEY POWER CORPORATION $102,292.00 Operations & Maintenance Blanket PO for Quarterly, Semi-Annual, and Annual Inspection/Maintenance of Switchgear, Batteries, & UPS Systems 11/1/24 - 10/31/25 with Four (4) Optional 1- year Renewal Periods Specification No. S- 2024-617BD OVIVO USA, LLC $128,775.00 Operations & Maintenance Purchase of One (1) Ovivo C60LT Replacement Clarifier Drive Sole Source Justification 2823 Reason: OEM Equipment/Part/Service PFM FINANCIAL ADVISORS LLC $100,000.00 Administrative Services Blanket PO for Municipal Financial Advisory Services 12/1/24 - 11/30/25 with Four (4) Optional 1-year Renewal Periods Specification No. S-2024-619BD POWERFLO PRODUCTS INC $79,500.00 Administrative Services Stock Item Purchase of Six (6) Chesterton Split Seal Repair Kits for Process Pumps Board Approved OEM Sole Source List M.O. 12/14/16, Item 12(B) QUINN POWER SYSTEMS $78,396.95 Operations & Maintenance Service PO to Provide 2000KW Generator Rental with Cables Sourcewell Contract # 092222-CAT, in Accordance with Ordinance OC SAN-61 Section 2.03 (B) Cooperative Purchases QUINN POWER SYSTEMS $140,000.00 Operations & Maintenance Blanket PO for Generator Rentals to Sustain Normal Plant Operations During Maintenance and Project Shutdowns 11/1/24 -10/31/25 Sourcewell Contract # 092222- CAT, in Accordance with Ordinance OC SAN -61 Section 2.03 (B) Cooperative Purchases ROD INTERNATIONAL HOLDINGS, LLC $148,835.52 Operations & Maintenance Site Access and License Agreement to Operate and Maintain a Chemical Dosing Station 2/1/25 - 1/31/28 Board Award M.O. 12/18/24, Item 13(A) SADDLEBACK ENVIRONMENTAL EQUIPMENT, INC. $50,700.00 Administrative Services Stock Item Purchase of One (1) Gooch Spiral Heat Exchanger Board Approved OEM Sole Source List M.O. 2/24/21, Item 10 (B) SADDLEBACK ENVIRONMENTAL EQUIPMENT, INC. $79,800.00 Operations & Maintenance Purchase of One (1) Gooch Thermal Type 1- DO/SLU Model 220SF Spiral Sludge Heat Exchanger for Digesters P, Q, R, and S at Plant 2 Board Approved OEM Sole Source List M.O. 2/24/21, Item 10(B) SMITH SYSTEM DRIVER IMPROVEMENT INSTITUE $126,874.00 Human Resources Blanket PO for Hands-On Driver Training for Plant 1 and Plant 2 Drivers Sole Source Justification 2830 Reason: Unique Product/Service SUNSET INDUSTRIAL PARTS $52,914.42 Administrative Services Stock Item Purchase of Eight (8) SKF Cylindrical Bearings, Four (4) SKF Deep Groove Ball Bearings, and Two (2) SKF Ball Bearings Informal Bid 45282-OQ TEAM ONE MANAGEMENT $120,000.00 Administrative Services Blanket PO for Headquarters Janitorial Services County of Orange Contract # MA- 080-23011674, in Accordance with Ordinance OC SAN-61 Section 2.03 (B) Cooperative Purchases THEODORE ROBINS FORD $125,600.00 Administrative Services Purchase of Four (4) New 2025 Ford Maverick Hybrid (W8A0) XL FWD Supercrew Trucks Approved CORF Budget FY 23/24 Sole Source Justification 2829 Reason: Unique Product/Service TONY DEMARIA ELECTRIC INC. $85,000.00 Operations & Maintenance Service PO to Rewind 865 KVA Hitran Transformer Model CAT Z10151-00 Informal Bid 136362-OR TRANE COMPANY - EQUIPMENT $59,170.00 Administrative Services Blanket PO for Quarterly HVAC Preventative Maintenance Services of Absorption Chillers at Plant 1 and 2 Omnia Racine Contract # 3341, in Accordance with Ordinance OC SAN-61 Section 2.03 (B) Cooperative Purchases TRANE U.S. INC. - PARTS $50,527.96 Administrative Services Purchase of One (1) 200-230/460V Motor and Various Parts for Absorption Chiller Board Approved OEM Sole Source List M.O. 2/26/20, Item 13(B) VASQUEZ + COMPANY LLP $75,000.00 Administrative Services Blanket PO for Internal Auditing Services 10/3/24 - 10/2/25 with 4 Optional 1-Year Renewal Periods Specification No. CS-2024- 616 VEOLIA WTS SERVICES USA, INC. $63,599.81 Operations & Maintenance Purchase of Climber Screen Repair Parts for Plant 1 Board Approved OEM Sole Source List M.O. 11/20/24, Item 22(B) Orange County Sanitation District Printed on 2/3/2025Page 4 of 6 powered by Legistar™ File #:2025-4085 Agenda Date:2/12/2025 Agenda Item No:2. Vendor Name Amount Department Description/DiscussionAVEVA SELECTCALIFORNIA $101,040.00 AdministrativeServices Annual PO for Wonderware Premium FirstLevel Support Service 11/16/24 - 11/15/25Board Approved OEM Sole Source ListM.O. 8/28/19, Item 3(B)BAY CITYINDUSTRIALSUPPLY $56,823.65 Operations &Maintenance Purchase of One (1) Inline HelicalGearmotor for Secondary Clarifiers at Plant1 Informal Bid 137372-ORCARAHSOFTTECHNOLOGYCORPORATION$59,798.34 AdministrativeServices Annual PO for Granicus SoftwareSubscription Including eComment, Legistar,and GovMeetings Live Cast 11/19/24 -11/18/25 GSA Contract # 47QSWA18D008F,in Accordance with Ordinance OC SAN-61Section 2.03 (B) Cooperative PurchasesCARAHSOFTTECHNOLOGYCORPORATION$148,466.72 AdministrativeServices ServiceNow Software ImplementationNASPO Master Contract # AR2472, inAccordance with Ordinance OC SAN-61Section 2.03 (B) Cooperative PurchasesCLEAN HARBORSENVIRONMENTALSERVICES INC $140,000.00 Operations &Maintenance Convenience Blanket PO for Vactor Servicesat Plant 1 and 2 11/15/24 - 11/14/25 GMArticle 2, Section 2.2 (b) (1)COOPERMACHINERYSERVICES LLC $59,600.68 Operations &Maintenance Disassembly, Cleaning, Inspection, andRebuild of Cooper Bessemer ET18NRTurbocharger Board Approved OEM SoleSource List M.O. 8/23/17, Item 9(B)DC FROSTASSOCIATES, INC.$53,600.00 AdministrativeServices Stock Item Purchase of Eight Thousand(8,000) Sanitaire-Xylem Membrane DiscDiffusers Board Approved OEM Sole SourceList M.O. 8/28/24, Item 7(B)DXPENTERPRISES,INC.$70,196.00 AdministrativeServices Stock Item Purchase of Two (2) SEEPEX60/300-12T Stators and One (1) SEEPEXProgressive Cavity Pump Board ApprovedOEM Sole Source List M.O. 12/14/16, Item12(B)ECS IMAGING INC $73,611.39 AdministrativeServices Blanket PO for Laserfiche Rio Software andAnnual Maintenance for Phase III of theLaserfiche / RIMS Implementation ProjectRegion 14 ESC - TX Contract # 01-159, inAccordance with Ordinance OC SAN-61Section 2.03 (B) Cooperative PurchasesEJ USA, INC $79,657.60 AdministrativeServices Stock Item Purchase of Forty (40) 24-Inchand Sixty (60) 36-Inch Manhole Frames andCovers Specification No. E-2022-1367BDEPLUSTECHNOLOGY, INC.$80,000.00 AdministrativeServices Blanket PO to Provide IT ConsultingServices and Resources on a Time andMaterials Basis GSA Contract #47QTCA23D00CZ, in Accordance withOrdinance OC SAN-61 Section 2.03 (B)Cooperative PurchasesEVERON, LLC $127,988.02 Operations &Maintenance Blanket PO for Preventive Maintenance,Testing & Inspection of Portable FireExtinguishers (Plants 1 & 2 And PumpStations) 1/1/25 - 12/31/25 with One (1)Optional 1-year Renewal PeriodSpecification No. S-2021-1278FLO-SERVICES,INC.$125,000.00 Operations &Maintenance Convenience Blanket PO for Emergency andUrgent Pump Services, Repairs, and Partsat Pump Stations 11/1/24 - 10/31/25 GMArticle 2, Section 2.2 (b) (1)GEA MECHANICALEQUIPMENT US,INC.$62,225.96 AdministrativeServices Stock Item Purchase of Two (2) GEAWestfalia Centrifuge Slide Ring PackingUnits Board Approved OEM Sole Source ListM.O. 9/23/20, Item 12(B)GEA MECHANICALEQUIPMENT US,INC.$112,299.92 AdministrativeServices Stock Item Purchase of GEA WestfaliaCentrifuge Parts Board Approved OEM SoleSource List M.O. 9/23/20, Item 12(B)GOVERNMENTJOBS.COM INC $63,157.28 AdministrativeServices Blanket PO for NeoGov Onboard and InsightSubscription 12/18/24 - 10/30/27 BoardApproved OEM Sole Source List M.O.12/14/16, Item 12(B)HARTZELL AIRMOVEMENT $76,337.00 Operations &Maintenance Purchase of One (1) Fiberglass BackwardCurved Centrifugal Fan and One (1) InletFlex Connector Board Approved OEM SoleSource List M.O. 5/24/17, Item 17(B)INSIGHT PUBLICSECTOR, INC.$50,958.60 AdministrativeServices Purchase of Four (4) Cisco Catalyst IE9320Rugged Series and Eight (8) 250W CiscoPower Supplies Omnia Partners Contract #23-6692-03, in Accordance with OrdinanceOC SAN-61 Section 2.03 (B) CooperativePurchasesINTEGRATEDPOWER SERVICESLLC $65,588.00 Operations &Maintenance Purchase of Two (2) HVK-10M40A-VV-MOCToshiba Vacuum Circuit Breakers InformalBid 137336-ORJAMISONENGINEERINGCONTRACTORS,INC.$63,000.00 Engineering Plant 1 Digester Mixing Chopper PumpReplacement Project No. FE24-01 InformalBid 135640-ORJAMISONENGINEERINGCONTRACTORS,INC.$139,150.00 Operations &Maintenance Blanket PO for Repair Services for PrimaryClarifier N at Plant 2 Sole SourceJustification 2823 Reason: OEMEquipment/Part/ServiceMICROSOFTCORPORATION$115,885.40 AdministrativeServices Blanket PO for Microsoft Enterprise SupportServices 1/1/25 - 12/31/25 Board ApprovedOEM Sole Source List M.O. 12/14/16, Item12(B)MISCO WATER $59,280.00 Operations &Maintenance Purchase of Sixteen (16) Fontaine-AquanoxSeries 92 Stop Plates for PRN-01011 SlideGate Replacement Board Approved OEMSole Source List M.O. 2/24/21, Item 10(B)NTH GENERATIONCOMPUTING INC $115,540.00 AdministrativeServices Annual PO for Fortinet Support andMaintenance NCPA Contract # 001-170, inAccordance with Ordinance OC SAN-61Section 2.03 (B) Cooperative PurchasesODYSSEY POWERCORPORATION $102,292.00 Operations &Maintenance Blanket PO for Quarterly, Semi-Annual, andAnnual Inspection/Maintenance ofSwitchgear, Batteries, & UPS Systems11/1/24 - 10/31/25 with Four (4) Optional 1-year Renewal Periods Specification No. S-2024-617BDOVIVO USA, LLC $128,775.00 Operations &Maintenance Purchase of One (1) Ovivo C60LTReplacement Clarifier Drive Sole SourceJustification 2823 Reason: OEMEquipment/Part/ServicePFM FINANCIALADVISORS LLC $100,000.00 AdministrativeServices Blanket PO for Municipal Financial AdvisoryServices 12/1/24 - 11/30/25 with Four (4)Optional 1-year Renewal PeriodsSpecification No. S-2024-619BDPOWERFLOPRODUCTS INC $79,500.00 AdministrativeServices Stock Item Purchase of Six (6) ChestertonSplit Seal Repair Kits for Process PumpsBoard Approved OEM Sole Source ListM.O. 12/14/16, Item 12(B)QUINN POWERSYSTEMS $78,396.95 Operations &Maintenance Service PO to Provide 2000KW GeneratorRental with Cables Sourcewell Contract #092222-CAT, in Accordance with OrdinanceOC SAN-61 Section 2.03 (B) CooperativePurchasesQUINN POWERSYSTEMS $140,000.00 Operations &Maintenance Blanket PO for Generator Rentals to SustainNormal Plant Operations During Maintenance and Project Shutdowns 11/1/24 -10/31/25 Sourcewell Contract # 092222- CAT, in Accordance with Ordinance OC SAN -61 Section 2.03 (B) Cooperative Purchases ROD INTERNATIONAL HOLDINGS, LLC $148,835.52 Operations & Maintenance Site Access and License Agreement to Operate and Maintain a Chemical Dosing Station 2/1/25 - 1/31/28 Board Award M.O. 12/18/24, Item 13(A) SADDLEBACK ENVIRONMENTAL EQUIPMENT, INC. $50,700.00 Administrative Services Stock Item Purchase of One (1) Gooch Spiral Heat Exchanger Board Approved OEM Sole Source List M.O. 2/24/21, Item 10 (B) SADDLEBACK ENVIRONMENTAL EQUIPMENT, INC. $79,800.00 Operations & Maintenance Purchase of One (1) Gooch Thermal Type 1- DO/SLU Model 220SF Spiral Sludge Heat Exchanger for Digesters P, Q, R, and S at Plant 2 Board Approved OEM Sole Source List M.O. 2/24/21, Item 10(B) SMITH SYSTEM DRIVER IMPROVEMENT INSTITUE $126,874.00 Human Resources Blanket PO for Hands-On Driver Training for Plant 1 and Plant 2 Drivers Sole Source Justification 2830 Reason: Unique Product/Service SUNSET INDUSTRIAL PARTS $52,914.42 Administrative Services Stock Item Purchase of Eight (8) SKF Cylindrical Bearings, Four (4) SKF Deep Groove Ball Bearings, and Two (2) SKF Ball Bearings Informal Bid 45282-OQ TEAM ONE MANAGEMENT $120,000.00 Administrative Services Blanket PO for Headquarters Janitorial Services County of Orange Contract # MA- 080-23011674, in Accordance with Ordinance OC SAN-61 Section 2.03 (B) Cooperative Purchases THEODORE ROBINS FORD $125,600.00 Administrative Services Purchase of Four (4) New 2025 Ford Maverick Hybrid (W8A0) XL FWD Supercrew Trucks Approved CORF Budget FY 23/24 Sole Source Justification 2829 Reason: Unique Product/Service TONY DEMARIA ELECTRIC INC. $85,000.00 Operations & Maintenance Service PO to Rewind 865 KVA Hitran Transformer Model CAT Z10151-00 Informal Bid 136362-OR TRANE COMPANY - EQUIPMENT $59,170.00 Administrative Services Blanket PO for Quarterly HVAC Preventative Maintenance Services of Absorption Chillers at Plant 1 and 2 Omnia Racine Contract # 3341, in Accordance with Ordinance OC SAN-61 Section 2.03 (B) Cooperative Purchases TRANE U.S. INC. - PARTS $50,527.96 Administrative Services Purchase of One (1) 200-230/460V Motor and Various Parts for Absorption Chiller Board Approved OEM Sole Source List M.O. 2/26/20, Item 13(B) VASQUEZ + COMPANY LLP $75,000.00 Administrative Services Blanket PO for Internal Auditing Services 10/3/24 - 10/2/25 with 4 Optional 1-Year Renewal Periods Specification No. CS-2024- 616 VEOLIA WTS SERVICES USA, INC. $63,599.81 Operations & Maintenance Purchase of Climber Screen Repair Parts for Plant 1 Board Approved OEM Sole Source List M.O. 11/20/24, Item 22(B) Orange County Sanitation District Printed on 2/3/2025Page 5 of 6 powered by Legistar™ File #:2025-4085 Agenda Date:2/12/2025 Agenda Item No:2. Vendor Name Amount Department Description/DiscussionAVEVA SELECTCALIFORNIA $101,040.00 AdministrativeServices Annual PO for Wonderware Premium FirstLevel Support Service 11/16/24 - 11/15/25Board Approved OEM Sole Source ListM.O. 8/28/19, Item 3(B)BAY CITYINDUSTRIALSUPPLY $56,823.65 Operations &Maintenance Purchase of One (1) Inline HelicalGearmotor for Secondary Clarifiers at Plant1 Informal Bid 137372-ORCARAHSOFTTECHNOLOGYCORPORATION$59,798.34 AdministrativeServices Annual PO for Granicus SoftwareSubscription Including eComment, Legistar,and GovMeetings Live Cast 11/19/24 -11/18/25 GSA Contract # 47QSWA18D008F,in Accordance with Ordinance OC SAN-61Section 2.03 (B) Cooperative PurchasesCARAHSOFTTECHNOLOGYCORPORATION$148,466.72 AdministrativeServices ServiceNow Software ImplementationNASPO Master Contract # AR2472, inAccordance with Ordinance OC SAN-61Section 2.03 (B) Cooperative PurchasesCLEAN HARBORSENVIRONMENTALSERVICES INC $140,000.00 Operations &Maintenance Convenience Blanket PO for Vactor Servicesat Plant 1 and 2 11/15/24 - 11/14/25 GMArticle 2, Section 2.2 (b) (1)COOPERMACHINERYSERVICES LLC $59,600.68 Operations &Maintenance Disassembly, Cleaning, Inspection, andRebuild of Cooper Bessemer ET18NRTurbocharger Board Approved OEM SoleSource List M.O. 8/23/17, Item 9(B)DC FROSTASSOCIATES, INC.$53,600.00 AdministrativeServices Stock Item Purchase of Eight Thousand(8,000) Sanitaire-Xylem Membrane DiscDiffusers Board Approved OEM Sole SourceList M.O. 8/28/24, Item 7(B)DXPENTERPRISES,INC.$70,196.00 AdministrativeServices Stock Item Purchase of Two (2) SEEPEX60/300-12T Stators and One (1) SEEPEXProgressive Cavity Pump Board ApprovedOEM Sole Source List M.O. 12/14/16, Item12(B)ECS IMAGING INC $73,611.39 AdministrativeServices Blanket PO for Laserfiche Rio Software andAnnual Maintenance for Phase III of theLaserfiche / RIMS Implementation ProjectRegion 14 ESC - TX Contract # 01-159, inAccordance with Ordinance OC SAN-61Section 2.03 (B) Cooperative PurchasesEJ USA, INC $79,657.60 AdministrativeServices Stock Item Purchase of Forty (40) 24-Inchand Sixty (60) 36-Inch Manhole Frames andCovers Specification No. E-2022-1367BDEPLUSTECHNOLOGY, INC.$80,000.00 AdministrativeServices Blanket PO to Provide IT ConsultingServices and Resources on a Time andMaterials Basis GSA Contract #47QTCA23D00CZ, in Accordance withOrdinance OC SAN-61 Section 2.03 (B)Cooperative PurchasesEVERON, LLC $127,988.02 Operations &Maintenance Blanket PO for Preventive Maintenance,Testing & Inspection of Portable FireExtinguishers (Plants 1 & 2 And PumpStations) 1/1/25 - 12/31/25 with One (1)Optional 1-year Renewal PeriodSpecification No. S-2021-1278FLO-SERVICES,INC.$125,000.00 Operations &Maintenance Convenience Blanket PO for Emergency andUrgent Pump Services, Repairs, and Partsat Pump Stations 11/1/24 - 10/31/25 GMArticle 2, Section 2.2 (b) (1)GEA MECHANICALEQUIPMENT US,INC.$62,225.96 AdministrativeServices Stock Item Purchase of Two (2) GEAWestfalia Centrifuge Slide Ring PackingUnits Board Approved OEM Sole Source ListM.O. 9/23/20, Item 12(B)GEA MECHANICALEQUIPMENT US,INC.$112,299.92 AdministrativeServices Stock Item Purchase of GEA WestfaliaCentrifuge Parts Board Approved OEM SoleSource List M.O. 9/23/20, Item 12(B)GOVERNMENTJOBS.COM INC $63,157.28 AdministrativeServices Blanket PO for NeoGov Onboard and InsightSubscription 12/18/24 - 10/30/27 BoardApproved OEM Sole Source List M.O.12/14/16, Item 12(B)HARTZELL AIRMOVEMENT $76,337.00 Operations &Maintenance Purchase of One (1) Fiberglass BackwardCurved Centrifugal Fan and One (1) InletFlex Connector Board Approved OEM SoleSource List M.O. 5/24/17, Item 17(B)INSIGHT PUBLICSECTOR, INC.$50,958.60 AdministrativeServices Purchase of Four (4) Cisco Catalyst IE9320Rugged Series and Eight (8) 250W CiscoPower Supplies Omnia Partners Contract #23-6692-03, in Accordance with OrdinanceOC SAN-61 Section 2.03 (B) CooperativePurchasesINTEGRATEDPOWER SERVICESLLC $65,588.00 Operations &Maintenance Purchase of Two (2) HVK-10M40A-VV-MOCToshiba Vacuum Circuit Breakers InformalBid 137336-ORJAMISONENGINEERINGCONTRACTORS,INC.$63,000.00 Engineering Plant 1 Digester Mixing Chopper PumpReplacement Project No. FE24-01 InformalBid 135640-ORJAMISONENGINEERINGCONTRACTORS,INC.$139,150.00 Operations &Maintenance Blanket PO for Repair Services for PrimaryClarifier N at Plant 2 Sole SourceJustification 2823 Reason: OEMEquipment/Part/ServiceMICROSOFTCORPORATION$115,885.40 AdministrativeServices Blanket PO for Microsoft Enterprise SupportServices 1/1/25 - 12/31/25 Board ApprovedOEM Sole Source List M.O. 12/14/16, Item12(B)MISCO WATER $59,280.00 Operations &Maintenance Purchase of Sixteen (16) Fontaine-AquanoxSeries 92 Stop Plates for PRN-01011 SlideGate Replacement Board Approved OEMSole Source List M.O. 2/24/21, Item 10(B)NTH GENERATIONCOMPUTING INC $115,540.00 AdministrativeServices Annual PO for Fortinet Support andMaintenance NCPA Contract # 001-170, inAccordance with Ordinance OC SAN-61Section 2.03 (B) Cooperative PurchasesODYSSEY POWERCORPORATION $102,292.00 Operations &Maintenance Blanket PO for Quarterly, Semi-Annual, andAnnual Inspection/Maintenance ofSwitchgear, Batteries, & UPS Systems11/1/24 - 10/31/25 with Four (4) Optional 1-year Renewal Periods Specification No. S-2024-617BDOVIVO USA, LLC $128,775.00 Operations &Maintenance Purchase of One (1) Ovivo C60LTReplacement Clarifier Drive Sole SourceJustification 2823 Reason: OEMEquipment/Part/ServicePFM FINANCIALADVISORS LLC $100,000.00 AdministrativeServices Blanket PO for Municipal Financial AdvisoryServices 12/1/24 - 11/30/25 with Four (4)Optional 1-year Renewal PeriodsSpecification No. S-2024-619BDPOWERFLOPRODUCTS INC $79,500.00 AdministrativeServices Stock Item Purchase of Six (6) ChestertonSplit Seal Repair Kits for Process PumpsBoard Approved OEM Sole Source ListM.O. 12/14/16, Item 12(B)QUINN POWERSYSTEMS $78,396.95 Operations &Maintenance Service PO to Provide 2000KW GeneratorRental with Cables Sourcewell Contract #092222-CAT, in Accordance with OrdinanceOC SAN-61 Section 2.03 (B) CooperativePurchasesQUINN POWERSYSTEMS $140,000.00 Operations &Maintenance Blanket PO for Generator Rentals to SustainNormal Plant Operations DuringMaintenance and Project Shutdowns 11/1/24-10/31/25 Sourcewell Contract # 092222-CAT, in Accordance with Ordinance OC SAN-61 Section 2.03 (B) Cooperative PurchasesRODINTERNATIONALHOLDINGS, LLC $148,835.52 Operations &Maintenance Site Access and License Agreement toOperate and Maintain a Chemical DosingStation 2/1/25 - 1/31/28 Board Award M.O.12/18/24, Item 13(A)SADDLEBACKENVIRONMENTALEQUIPMENT, INC.$50,700.00 AdministrativeServices Stock Item Purchase of One (1) GoochSpiral Heat Exchanger Board ApprovedOEM Sole Source List M.O. 2/24/21, Item 10(B)SADDLEBACKENVIRONMENTALEQUIPMENT, INC.$79,800.00 Operations &Maintenance Purchase of One (1) Gooch Thermal Type 1-DO/SLU Model 220SF Spiral Sludge HeatExchanger for Digesters P, Q, R, and S atPlant 2 Board Approved OEM Sole SourceList M.O. 2/24/21, Item 10(B)SMITH SYSTEMDRIVERIMPROVEMENTINSTITUE $126,874.00 HumanResources Blanket PO for Hands-On Driver Training forPlant 1 and Plant 2 Drivers Sole SourceJustification 2830 Reason: UniqueProduct/ServiceSUNSETINDUSTRIAL PARTS$52,914.42 AdministrativeServices Stock Item Purchase of Eight (8) SKFCylindrical Bearings, Four (4) SKF DeepGroove Ball Bearings, and Two (2) SKF BallBearings Informal Bid 45282-OQTEAM ONEMANAGEMENT $120,000.00 AdministrativeServices Blanket PO for Headquarters JanitorialServices County of Orange Contract # MA-080-23011674, in Accordance withOrdinance OC SAN-61 Section 2.03 (B)Cooperative PurchasesTHEODOREROBINS FORD $125,600.00 AdministrativeServices Purchase of Four (4) New 2025 FordMaverick Hybrid (W8A0) XL FWD SupercrewTrucks Approved CORF Budget FY 23/24Sole Source Justification 2829 Reason:Unique Product/ServiceTONY DEMARIAELECTRIC INC.$85,000.00 Operations &Maintenance Service PO to Rewind 865 KVA HitranTransformer Model CAT Z10151-00 InformalBid 136362-ORTRANE COMPANY -EQUIPMENT $59,170.00 AdministrativeServices Blanket PO for Quarterly HVAC PreventativeMaintenance Services of Absorption Chillersat Plant 1 and 2 Omnia Racine Contract #3341, in Accordance with Ordinance OCSAN-61 Section 2.03 (B) CooperativePurchasesTRANE U.S. INC. -PARTS $50,527.96 AdministrativeServices Purchase of One (1) 200-230/460V Motorand Various Parts for Absorption ChillerBoard Approved OEM Sole Source List M.O.2/26/20, Item 13(B) VASQUEZ + COMPANY LLP $75,000.00 Administrative Services Blanket PO for Internal Auditing Services 10/3/24 - 10/2/25 with 4 Optional 1-Year Renewal Periods Specification No. CS-2024- 616 VEOLIA WTS SERVICES USA, INC. $63,599.81 Operations & Maintenance Purchase of Climber Screen Repair Parts for Plant 1 Board Approved OEM Sole Source List M.O. 11/20/24, Item 22(B) Additionally,in accordance with Board purchasing policies,Ordinance No.OC SAN-61,the General Manager has authority to approve and execute maintenance and repair Services Task Orders between $50,000 and $500,000. There were no General Manager approved maintenance and repair Services Task Orders,in amounts exceeding $50,000, for the second quarter of fiscal year 2024-25. ATTACHMENT The following attachment(s)may be viewed on-line at the OC San website (www.ocsan.gov)with the complete agenda package: N/A Orange County Sanitation District Printed on 2/3/2025Page 6 of 6 powered by Legistar™ ADMINISTRATION COMMITTEE Agenda Report Headquarters 18480 Bandilier Circle Fountain Valley, CA 92708 (714) 593-7433 File #:2025-4088 Agenda Date:2/12/2025 Agenda Item No:3. FROM:Robert Thompson, General Manager Originator: Jennifer Cabral, Director of Communications SUBJECT: PUBLIC AFFAIRS UPDATE FOR THE MONTHS OF DECEMBER 2024 AND JANUARY 2025 GENERAL MANAGER'S RECOMMENDATION RECOMMENDATION: Recommend to the Board of Directors to: Receive and file the Public Affairs Update for the months of December 2024 and January 2025. BACKGROUND Included in this report are recent activities of interest,managed by the Public Affairs Office.With the transition of these items from the Steering Committee to the Administration Committee,this report covers December 2024 and January 2025. RELEVANT STANDARDS ·Maintain influential legislative advocacy and a public outreach program ·Maintain collaborative and cooperative relationships with regulators,stakeholders,and neighboring communities ·Listen to and seriously consider community input on environmental concerns PROBLEM The Orange County Sanitation District (OC San)is a distinguished entity in the water/wastewater industry.Despite our industry recognition,there may be limited awareness among our customers regarding the pivotal role we play in protecting public health and the environment.The absence of direct communication through a billing method may contribute to this gap in knowledge. It is our responsibility to ensure that our ratepayers comprehend the vital services we provide.Many customers may not realize that improper waste disposal into the wastewater system can adversely impact our sewer lines,reclamation plants,and the quality of water supplied through GWRS.By enhancing communication channels and fostering understanding,we aim to bridge the gap and empower our ratepayers with the knowledge needed to support and appreciate the essential work we undertake for the well-being of our community and the environment. Orange County Sanitation District Printed on 2/3/2025Page 1 of 4 powered by Legistar™ File #:2025-4088 Agenda Date:2/12/2025 Agenda Item No:3. PROPOSED SOLUTION By providing tours,community outreach,education,and general communication via OC San’s website,social media,and direct mailings,we can share information with the community,local agencies,and businesses on our messaging such as the What2Flush program,energy production, water recycling,biosolids,and our source control program.This,in turn,helps improve the quality of wastewater that is recycled or released to the ocean and the knowledge and understanding of wastewater treatment. RAMIFICATIONS OF NOT TAKING ACTION Neglecting to inform the community,local agencies,and area businesses about OC San could lead to insufficient support for our mission, hindering our ability to fulfill our responsibilities effectively. PRIOR COMMITTEE/BOARD ACTIONS June 2024 - Received and filed the Public Affairs Strategic Plan for Fiscal Year 2024-2026. ADDITIONAL INFORMATION Activities in December 2024 and January 2025: Outreach Report An outreach report that includes tours,website updates,social media posts,construction notifications, speaking engagements, and more is attached to this Agenda Report. Social Media (December 1 through January 23) OC San messaging,announcements,and program updates were posted across OC San’s social media platforms. Our social media handle is @OCSanDistrict. ·Facebook: 45 posts reaching 9.6k people ·X: 34 posts reaching 2k people ·Instagram: 49 posts reaching 13.6k people ·LinkedIn: 9 posts and reaching 8.9k people Presentations and Outreach Events Over the last two months,three presentations were given to various groups,including one to the Santa Ana City Council,the Association of California Cities -Orange County’s New Council Member Orientation, and a Career Day. Staff conducted 10 tours,which included Cal State Long Beach,Edison High School,Canyon High School,Orange County Vector Control,as well as a general public tour and a new employee tour.In total, we reached approximately 160 people. Details are available in the Outreach and Media Report. Internal Communication Over the course of two months,88 posts were made on the employee intranet -The San Box,and 9 emails were distributed to staff on relevant weekly topics through our ‘Three Things to Know’email distribution.Additionally,the employee newsletter,The Pipeline,was published at the end of Orange County Sanitation District Printed on 2/3/2025Page 2 of 4 powered by Legistar™ File #:2025-4088 Agenda Date:2/12/2025 Agenda Item No:3. distribution.Additionally,the employee newsletter,The Pipeline,was published at the end of December. Construction Outreach Update Outreach efforts continue for OC San construction activities throughout the service area.Projects are ongoing in Fountain Valley,Orange,Costa Mesa,Seal Beach,Newport Beach,and within both of our reclamation plants.Website updates,email text alerts,and direct notifications continue to be distributed as projects progress.Details on each project can be found at www.ocsan.gov/construction. OC San Holiday Luncheons To celebrate the holiday season,a luncheon was held for employees at Headquarters where over 400 employees gathered.The executive management team served meals to our night shift employees as well. Spark of Love Toy Drive OC San employees continued with the annual participation in the Spark of Love Toy Drive to help children in need. OC San staff donated over 180 toys and nearly $350. OC San Connection Newsletter The winter issue of the community newsletter was published and distributed in January.The issue includes information on upcoming construction projects,an update on various programs,and community events. The issue can be found at www.ocsan.gov/newsletter. Member Agency Outreach Toolkit The quarterly outreach toolkit prepared for our member agencies was distributed in January, featuring messaging for the respective agencies and cities to share on their communication channels. The winter toolkit topic featured the upcoming session of Wastewater 101 Citizens Academy. Awards ·National Association of Clean Water Agencies OC San has been awarded two National Environmental Achievement Awards from the National Association of Clean Water Agencies in the following categories: ·Public Information & Education - “Connection Newsletter” ·Workforce Development - “Employee Development Program” ·U.S. Green Building Council California OC San's Headquarters won the Project of the Year award by the U.S.Green Building Council California at the 14th Annual California Green Building Awards.This esteemed recognition celebrates premier green building practices that embody sustainability and resiliency. ·Graphic Design USA OC San has been recognized by Graphic Design USA (GDUSA)with two awards as part of the 2024 American Graphic Design Awards.OC San received awards for its Open House Count Down social media posts and 70th Anniversary Campaign,in the Social Media and Integrated Marketing Campaign categories.The 2024 Graphic Design Awards are GDUSA’s annual end-of-year best-of-year competition,encompassing over two dozen submission Orange County Sanitation District Printed on 2/3/2025Page 3 of 4 powered by Legistar™ File #:2025-4088 Agenda Date:2/12/2025 Agenda Item No:3. annual end-of-year best-of-year competition,encompassing over two dozen submission categories. ·Digital Assurance Certification Bond OC San received the Certificate of Excellence from the Digital Assurance Certification Bond for achieving twenty years of disclosure reporting for municipal bonds. ·Santa Ana River Basin Section of the California Water Environment Association ·Gold in the ‘Community Engagement and Outreach: Photography’ category. ·Silver in the ‘Community Engagement and Outreach:Project of the Year (Large)’ category for the Los Alamitos Trunk Sewer Outreach Project. ·2023 Safety Plant of the Year award for Plant No.1 based on outstanding safety performance.Staff recently submitted Part 2 of the application to compete at the state level. Activities in February: Social Media OC San continues to share messaging across the various social media platforms. Wastewater 101 Citizens Academy OC San’s Citizen Academy is aimed to inform the community of the essential service OC San provides.Four workshops will be held over two months highlighting the various functions of OC San and allowing its participants a behind the scenes view of what we do.The next session begins in March and registration is now open. Details can be found at www.ocsan.gov/wastewater101. Construction Outreach As OC San’s Capital Improvement Program projects ramp up,so does the Construction Outreach Program.Efforts are starting in preparation for construction of the Cypress Trunk Sewer Project,Bay Bridge Pump Station and Force Main, and the Plant No. 2 Perimeter Wall project. CEQA N/A FINANCIAL CONSIDERATIONS All items mentioned are included in OC San’s FY 2024-25 and FY 2025-26 Budget. ATTACHMENT The following attachment(s)may be viewed on-line at the OC San website (www.ocsan.gov)with the complete agenda package: ·Outreach and Media Report - December 2024 and January 2025 Orange County Sanitation District Printed on 2/3/2025Page 4 of 4 powered by Legistar™ Outreach and Media Summary December 2024 and January 2025 OC San Public Affairs Off ice Table of Contents OUTREACH REPORT…………………………………………………………PAGE 1 FACEBOOK POSTINGS ……………………………………………...............PAGE 3 TWITTER POSTINGS …………………………………………………………PAGE 4 INSTAGRAM POSTINGS………………………………………………………PAGE 5 LINKEDIN POSTINGS………………………………………………………....PAGE 6 NEWS ARTICLES……………………………………………………………………………. PAGE 7 Outreach Report December 2024 and January 2025 Date Tours Attendees Tour Guide 12/3/24 Local Agencies 37 Cortney Light and Randa AbuShaban 12/4/24 Cal State Long Beach 21 Cortney Light 12/6/24 Edison High School 35 Eric Halverson 12/10/24 Information Tech 11 Eric Halverson 12/12/24 OC Vector Control 2 Rob Thompson 12/30/24 New Employees 6 Rob Thompson 1/21/25 General Public 3 Eric Halverson 1/21/25 Hyperion Tour of P2 2 Cliff Casanova 1/24/25 Canyon High School 30 Eric Halverson 1/28/25 Orange Public Works 15 Dickie Fernandez Date Speaking Engagements/Events Attendees Presenter 12/17/24 Santa Ana City Council 20 Rob Thompson 1/15/25 ACC-OC New Council Member Orientation 25 Rob Thompson 1/24/25 Career Day at Carver Elementary 150 Sterling Harris Project Area Outreach Notifications-Needs Update # of People Reached Website Posts and Text Alerts Costa Mesa Costa Mesa Sewer Along I-405 319 1 website post 1 email alert Orange Taft Sewer Replacement Project Update 421 1 website post/ 1 email alert External Communications Distribution # of People Reached 5 Minutes Per Month December: OC San’s New Website January: GWRS Anniversary 305 Board Member Talking Points Two 100 Website Posts 8 posts 621 views Website Facebook 45 posts 9.6k reached Social Media Twitter 34 tweets 2k reached Social Media 1 Instagram 49 posts 13.6k reached Social Media LinkedIn 9 posts 8.9k reached Social Media 2 Post performance - Facebook Pages Data from 01 Dec, 2024 to 24 Jan, 2025 Sources Orange County Sanitation DistrictO Orange County Sanitation District Jan 24, 19:15O The Winter Edition of the OC San Connection Newsletter is here! Lean about construction projects in our service area, latest program highlights, and helpful safety tips —there's something for everyone! 📰 Check it out ocsan.gov… 27 25 Orange County Sanitation District Jan 20, 17:20O Starting in the Brea City Hall, OC San’s Euclid Sewer Trunk is taking the scenic route! It runs through Fullerton, Anaheim, Garden Grove, ending at Reclamation Plant No. 1 in Fountain Valley! A vital route, keeping things flowing across the… 103 96 Orange County Sanitation District Jan 19, 22:15O Our oices will be closed on Monday, January 20 in observance of Martin Luther King Jr. Day, Our treatment plant continues to operate 24/7. In case of a sewer emergency, please call (714) 593-7025. 70 65 Orange County Sanitation District Jan 18, 17:06O : It's the 17th Birthday of the Groundwater Replenishment System (GWRS)!We're so thankful for this partnership with Orange County Water District that letsus serve 1 million people across Orange County. To celebrate, we thought we'…91 83 Orange County Sanitation District Jan 17, 23:17O OC San construction work continues in the City of Orange with potholing startingon Tustin Ave, on Tuesday, January 21 and continuing along the constructionarea stretch for a few weeks. Remember to be aware of crews in the road and…3,360 3,201 Orange County Sanitation District Jan 17, 22:16O The OC San Steering Committee Meeting (5 PM) and Board of Directors Meeting (6 PM) will be happening on January 22, 2025. You can view the agenda here:69 60 Orange County Sanitation District Jan 15, 18:01O Protecting public health is at the heart of what we do - it's even in our missionstatement! From water sampling to marine monitoring, this#NationalStayingHealthyMonth we're reminded of the hard work behind…146 134 Orange County Sanitation District Jan 14, 22:30O We are excited to announce the promotion of Nick Oswald to MaintenanceManager of the Collections Division. Nick’s experience across the industry andorganization makes him the ideal person to fill this roll.301 283 Orange County Sanitation District Jan 13, 19:00O Meet the unsung heroes of Costa Mesa - the Costa Mesa Sanitary District! As acollection system, CMSD maintains 224 miles of gravity sewers, 5,000+manholes, and 20 pump stations to keep things flowing in the community!…241 216 Orange County SanitationDistrict Jan 11, 18:00O Say hello to our tiny but mighty friends who do the heavy liing duringsecondary treatment. These aerobic bacteria use oxygen to break down solidsand turn them into energy for their own growth—making the magic happen…99 94 Orange County SanitationDistrict Jan 10, 18:02O Join our team in saving lives through the American Red Cross Blood Drive. Toschedule your donation appointment, sign up at RedCrossBlood.org withsponsor code: OCSan.91 85 Orange County SanitationDistrict Jan 09, 17:30O Did you know that OC San is home to the first open-air sky bridge in FountainValley? The 220-foot pedestrian bridge plays a vital role in connecting ourHeadquarters to our Plant No. 1! See it for yourself by signing up for a tour at …126 117 Orange County SanitationDistrict Jan 07, 17:00O Have you ever wondered how we're able to keep track of all of our critical infrastructure across 479 square miles of Orange County? Our Asset Management Plan plays a key role in this eort, allowing us to eectively trac… 84 73 Orange County SanitationDistrict Jan 06, 20:28O (Post with no description)80 72 Orange County SanitationDistrict Jan 06, 19:40O We are saddened to learn of the passing of former OC San Board Member and Chairwoman, Shirley McCracken, who passed away on Saturday at age 87. In addition to being elected as the second woman to the City of Anaheim’s City… 207 199 Orange County SanitationDistrict Jan 06, 18:01O Kicking o the first Monday of the year by highlighting City of La Habra - City Hall! La Habra is one of northernmost cities in our service area and uses a gravity flow sewer system. This means that water moves by the force of gravit… 81 78 Orange County SanitationDistrict Jan 04, 18:01O Start the year o right! Get ready to grow your career and make an impact at OCSan. Visit www.ocsan.gov/jobs to learn about open opportunities 🎉72 65 Orange County SanitationDistrict Jan 02, 18:01O New year, new you, but same pipes. Let your New Year's Resolution be only flushing the 3 P's. Anything other than pee, poop, or toilet paper belongs in the trash, not down the drain. Learn more at ocsan.gov/what2flush 🚽 253 242 Orange County SanitationDistrict Dec 31, 19:21O Happy New Year's Eve! Reflecting on a 2024 filled with growth, success, and memorable moments, we look forward to an exciting 2025. Cheers to new opportunities ahead! 148 132 Orange County Sanitation District Dec 30, 18:10O Wrapping up 2024 with our final agency highlight of the year. Don't worry, there's plenty more to come in 2025. We're proud to work with City of Irvine City Hall and Irvine Ranch Water District to transport and treat wastewater from the city… 108 101 Orange County Sanitation District Dec 27, 19:01O With Christmas fresh in our minds, we wanted to say a huge thank you to our incredible sta and Fountain Valley Firefighters Association for making this holiday season brighter. Through the Spark of Love toy drive, children in need… 179 163 Orange County Sanitation District Dec 25, 20:00O Wishing you all a Merry Christmas and Happy Holidays from all of us at OC San!69 57 Orange County Sanitation District Dec 24, 19:55O Merry Christmas Eve! Our administrative oices will be closed but our reclamation plants will continue to operate 24/7. To report an emergency, please call (714) 593-7025. Happy Holidays! 112 101 Orange County Sanitation District Dec 23, 19:01O Just another Member Agency Monday! City of Buena Park - City Hall keeps things flowing smoothly, maintaining over 168 miles of sewer mains every year. From local lines to OC San's regional trunk lines, it’s all about teamwork and… 78 68 Orange County Sanitation District Dec 22, 19:01O 'Tis the season…for FOG (fats, oils, and grease)! Don’t let a clog be the Grinch to your holiday cheer. Toss all FOG in the trash—not down the drain—and keep things flowing smoothly! Learn more at www.ocsan.gov/FOG. 🎄💧❄ 61 53 Orange County Sanitation District Dec 20, 23:29O (Post with no description)66 58 Orange County Sanitation District Dec 20, 18:55O Make sure what you're flushing is on Santa's nice list! Anything other than the 3 P's (pee, poop, and toilet paper), can cause a not-so-festive clog for our sewer system. Happy Holidays! 119 104 Orange County Sanitation District Dec 19, 20:25O Don't let a FOG clog ruin your holidays — remember to cool it, can it, trash it!59 51 Orange County Sanitation District Dec 19, 20:03O (Post with no description)102 92 Orange County Sanitation District Dec 18, 18:03O As the year wraps up, we're looking back on what an amazing 70th anniversaryyear we had! From our HQ Ribbon-Cutting and Community Open House tocountless community events and tours, it's been a year to remember. Thank y…71 61 Orange County Sanitation District Dec 17, 17:45O Keep your holiday baking drama-free! 🍪🎄 Pouring fats, oils, and grease(FOG) down the drain can lead to messy (and expensive) sewer clogs. Instead,toss leover grease, butter, or oil in the trash, not the sink. Let’s keep things…261 244 Orange County Sanitation District Dec 16, 19:47O The OC San Steering Committee Meeting (5PM) and Board of Directors Meeting(6PM) will be happening on Wednesday, Dec. 18,2025. Click here to view theagenda:45 38 Orange County Sanitation District Dec 16, 18:01O Happy Member Monday! 🎉 Today, we’re excited to spotlight the City ofOrange California - Municipal Government! OC San is currently in the City ofOrange for the Ta Sewer Improvement Project, which kicked o last week. T…1,157 1,085 Orange County Sanitation District Dec 14, 18:00O OC San District Headquarters has been chosen as Project of the Year in USGBCCalifornia's 14th Annual California Green Building Awards! Our HQ, designed byHDR, incorporates many environmental components, like using hot water fro…231 208 Orange County SanitationDistrict Dec 12, 21:36O Thank you, Vice Chair Dumitru, for celebrating with us!166 153 Orange County SanitationDistrict Dec 12, 17:45O #TBT to a day in the control center during the 60s. The control center runs 24/7,with operators constantly monitoring and regulating key parts of the wastewatertreatment process, like water levels, flow rates, and pump activity. We're so…220 192 Orange County SanitationDistrict Dec 09, 20:01O This week's Member Agency Monday takes us to City of Fullerton, CAGovernment. Fullerton isn't just home to just CSUF's Titans, but also to one of OCSan's pump stations. Pump stations are vital to our collection system, allowin…120 111 Orange County SanitationDistrict Dec 07, 18:00O Spread some holiday cheer and make someone's season a little brighter! OCSan is once again partnering with the Fountain Valley Firefighters Association for the Spark of Love Toy Drive. Gis delivered to OC San Headquarters by… 89 76 Orange County SanitationDistrict Dec 06, 22:14O OC San will begin potholing on Ta Ave. near Glassell St. towards Tustin St. on Monday, 12/9 in City of Orange California - Municipal Government. Work is not scheduled to occur during the holidays. To learn more visit www.ocsan.gov/ta 85 75 Orange County SanitationDistrict Dec 05, 20:01O We are proud to receive two National Environmental Achievement Awards from National Association of Clean Water Agencies (NACWA) for our Connection Newsletter and Employee Development Program! These projects and progra… 112 94 Orange County SanitationDistrict Dec 04, 17:54O The OC San Administration Committee Meeting is happening on Dec. 11 at 5 PM. Click here to view the agenda:48 40 Orange County SanitationDistrict Dec 04, 17:25O At OC San, we believe in making the most of what we have. That's why we harness every available byproduct of the wastewater treatment process for good. With our Central Power Generation System (CenGen), we're able to use… 945 864 Orange County SanitationDistrict Dec 02, 20:00O It's not just Cyber Monday, it's Member Agency Monday! Our Cypress Trunk Sewer Project will be starting next year, enhancing 6.5 miles of sewer in Cypress, Los Alamitos, and La Palma. These upgrades will extend the life of the sewer… 90 79 Orange County SanitationDistrict Dec 02, 17:53O The OC San Operations Committee Meeting will be happening on Dec. 4 at 5 PM.Click here to view the agenda:66 57 Orange County Sanitation District Dec 01, 18:01O Now that Thanksgiving is over, it's time to get in the holiday spirit! Looking for a unique gi idea? How about the gi of a clog-free home! Whether you're at home or visiting friends, remember to only flush the 3 P's: pee, poop, and toile… 82 71 DATE POST IMPRESSIONS REACH 3 Post performance - Twitter Data from 01 Dec, 2024 to 24 Jan, 2025 Sources @OCSanDistrictO @OCSanDistrict Jan 24, 19:15O The Winter Edition of the OC San Connection Newsletter is here! Lean about construction projects in our service area, latest program highlights, and helpful safety tips —there's something for everyone! 📰 Check it out http://ocsan.gov… 0%0 26 @OCSanDistrict Jan 20, 17:20O Starting in the @BreaCityHall, OC San’s Euclid Sewer Trunk is taking the scenic route! It runs through Fullerton, Anaheim, Garden Grove, ending at Reclamation Plant No. 1 in Fountain Valley! A vital route, keeping things flowing across the… 2.53%2 79 @OCSanDistrict Jan 19, 22:15O Our oices will be closed on Monday, January 20 in observance of Martin Luther King Jr. Day, Our treatment plant continues to operate 24/7. In case of a sewer emergency, please call (714) 593-7025. https://twitter.com/OCSanDistrict/sta… 0%0 36 @OCSanDistrict Jan 18, 17:05O : It's the 17th Birthday of the Groundwater Replenishment System (GWRS)!We're so thankful for this partnership with @OCWaterDistrict that lets us serve 1million people across Orange County. To celebrate, we thought we'd put som…2.33%1 43 @OCSanDistrict Jan 15, 18:01O Protecting public health is at the heart of what we do - it's even in our missionstatement! From water sampling to marine monitoring, this#NationalStayingHealthyMonth we're reminded of the hard work behind…8.51%4 47 @OCSanDistrict Jan 15, 02:38O We are excited to announce the promotion of Nick Oswald to MaintenanceManager of the Collections Division. Nick’s experience across the industry andorganization makes him the ideal person to fill this role. https://twitter.com/O…1.45%1 69 @OCSanDistrict Jan 14, 22:30O We are excited to announce the promotion of Nick Oswald to MaintenanceManager of the Collections Division. Nick’s experience across the industry andorganization makes him the ideal person to fill this roll. https://twitter.com/OC…0%0 0 @OCSanDistrict Jan 13, 19:00O Meet the unsung heroes of Costa Mesa - @costamesaSD! As a collection system,Costa Mesa Sanitary District maintains 224 miles of gravity sewers, 5,000+manholes, and 20 pump stations to keep things flowing in the community!…5.17%3 58 @OCSanDistrict Jan 11, 18:00O Say hello to our tiny but mighty friends who do the heavy liing duringsecondary treatment. These aerobic bacteria use oxygen to break down solidsand turn them into energy for their own growth—making the magic happen…0%0 36 @OCSanDistrict Jan 10, 18:02O Join our team in saving lives through the American Red Cross Blood Drive. Toschedule your donation appointment, sign up at http://RedCrossBlood.org withsponsor code: OCSan. https://twitter.com/OCSanDistrict/status/18777779668…2.27%1 44 @OCSanDistrict Jan 09, 17:30O Did you know that OC San is home to the first open-air sky bridge in FountainValley? The 220-foot pedestrian bridge plays a vital role in connecting ourHeadquarters to our Plant No. 1! See it for yourself by signing up for a tour at h…2.13%1 47 @OCSanDistrict Jan 07, 17:00O Wonder how we're able to keep track of all of our infrastructure across 479square miles of Orange County? Our Asset Management Plan plays a key role,allowing us to eectively track our vital assets and their condition. Discover th…4%1 25 @OCSanDistrict Jan 06, 18:00O Kicking o the first Monday of the year by highlighting @LaHabraCA! La Habra is one of northernmost cities in our service area and uses a gravity flow sewer system. This means that water moves by the force of gravity from homes and… 0%0 44 @OCSanDistrict Jan 04, 18:00O Start the year o right! Get ready to grow your career and make an impact at OC San. Visit http://www.ocsan.gov/jobs to learn about open opportunities 🎉 http s://twitter.com/OCSanDistrict/status/1875603307848159459/video/1 0%0 36 @OCSanDistrict Jan 02, 18:00O New year, new you, but same pipes. Let your New Year's Resolution be only flushing the 3 P's. Anything other than pee, poop, or toilet paper belongs in the trash, not down the drain. Learn more at http://ocsan.gov/what2flush 🚽 http… 0%0 47 @OCSanDistrict Dec 31, 19:20O Happy New Year's Eve! Reflecting on a 2024 filled with growth, success, and memorable moments, we look forward to an exciting 2025. Cheers to new opportunities ahead! https://twitter.com/OCSanDistrict/status/187417370199… 2.17%1 46 @OCSanDistrict Dec 30, 18:10O Wrapping up 2024 with our final agency highlight of the year. We're proud to work with @City_of_Irivine and @IRWDnews to transport and treat wastewater from the city to our two reclamation plants. Together, we’re making a real… 2.63%1 38 @OCSanDistrict Dec 27, 19:00O A huge thank you to our incredible sta and the Fountain Valley Fire Department for making this holiday season brighter. Through the Spark of Love toy drive, children in need across Orange County were able to experience the special… 2.56%2 78 @OCSanDistrict Dec 25, 20:00O Wishing you all a Merry Christmas and Happy Holidays from all of us at OC San!https://twitter.com/OCSanDistrict/status/1872009476510769538/photo/1 0%0 41 @OCSanDistrict Dec 24, 20:22O Merry Christmas Eve! Our administrative oices will be closed but our reclamation plants will continue to operate 24/7. To report an emergency, please call (714) 593-7025. Happy Holidays! https://twitter.com/OCSanDistri… 0%0 44 @OCSanDistrict Dec 24, 19:55O Merry Christmas Eve! Our administrative oices will be closed but our reclamation plants will continue to operate 24/7. To report an emergency, please call (714) 593-7025. Happy Holidays! https://twitter.com/OCSanDistri… 0%0 0 @OCSanDistrict Dec 23, 19:00O Just another Member Agency Monday! @BuenaParkCA keeps things flowing smoothly, maintaining over 168 miles of sewer mains every year. From local lines to OC San's regional trunk lines, it’s all about teamwork and dedication t… 0%0 78 @OCSanDistrict Dec 22, 19:00O 'Tis the season…for FOG (fats, oils, and grease)! Don’t let a clog be the Grinch to your holiday cheer. Toss all FOG in the trash—not down the drain—and keep things flowing smoothly! Learn more at http://www.ocsan.gov/FOG. 🎄💧❄ … 1.3%1 77 @OCSanDistrict Dec 20, 18:55O Make sure what you're flushing is on Santa's nice list! Anything other than the 3 P's (pee, poop, and toilet paper), can cause a not-so-festive clog for our sewer system. Happy Holidays! https://twitter.com/OCSanDistrict/status/18701811… 2%1 50 @OCSanDistrict Dec 18, 18:00O What a year! 🎉 As we wrap up our 70th anniversary, we’re grateful for the memories—from our HQ Ribbon-Cutting and Open House to community events and tours. Thank you for celebrating 70 years of environmental excellence wit… 3.57%2 56 @OCSanDistrict Dec 17, 17:45O Keep your holiday baking drama-free! 🍪🎄Avoid a sewer clog by disposing of fats, oils, and grease (FOG) in the trash, not the sink. Let’s keep things running smoothly, so you can focus on the sweet stu! Learn more at http://ocsan.gov… 0%0 39 @OCSanDistrict Dec 16, 18:00O Today, we’re excited to spotlight the @cityoforangeCA! OC San is currently in the City of Orange for the Ta Sewer Improvement Project. This project will upgrade nearly 2 miles of pipeline along Ta Ave, increasing flow capacity. Learn more… 🚧💧 5.36%18 336 @OCSanDistrict Dec 14, 18:00O OC San District Headquarters has been chosen as Project of the Year in the USGBC-CA's 14th Annual Green Building Awards! Our HQ, designed by HDR, incorporates many environmental components, like using hot water from the… 0%0 39 @OCSanDistrict Dec 12, 17:45O #TBT to a day in the control center in the 60s. Operators monitor water levels &flow rates 24/7, ensuring smooth wastewater treatment. We're so thankful forthese wastewater heroes who help us maintain our operations around the cloc…0%0 43 @OCSanDistrict Dec 09, 20:00O This week's Member Agency Monday takes us to @FullertonCA. Fullerton isn'tjust home to just CSUF's Titans, but also to one of OC San's pump stations. Pumpstations are vital to our collection system, allowing wastewater to be lied…1.61%1 62 @OCSanDistrict Dec 07, 18:00O Make someone's season a little brighter! OC San is partnering with the FountainValley Fire Department for the Spark of Love Toy Drive. Gis delivered to OCSan Headquarters by Monday, December 16 will help disadvantaged childre… 🎁 0%0 88 @OCSanDistrict Dec 06, 22:14O OC San will begin potholing along Ta Ave. between Glassell St. and Tustin St.on Monday, 12/9 in @CityofOrangeCA . Work is not scheduled to occur duringthe holidays. To learn more visit http://www.ocsan.gov/ta https://twitter.co…2.86%1 35 @OCSanDistrict Dec 05, 20:01O We are proud to receive two NEAA awards from @NACWA for our ConnectionNewsletter & Employee Development Program! These projects and programsare vital in enhancing communication with the public and fostering a diverse,…3.13%1 32 @OCSanDistrict Dec 04, 17:25O At OC San, we believe in making the most of what we have. With our CentralPower Generation System, we're able to use biogas produced by our digestersto power our plants, cutting electricity costs AND reducing greenhouse gas… ⚡ 5.56%2 36 @OCSanDistrict Dec 02, 20:00O It's not just Cyber Monday, it's Member Agency Monday! Our Cypress TrunkSewer Project will be starting next year, enhancing and extending the life of 6.5miles of sewer in Cypress, Los Alamitos. To learn more, visit http://www.ocsan.…0%0 47 @OCSanDistrict Dec 01, 18:00O It's time to get in the holiday spirit! Looking for a unique gi idea? How about thegi of a clog-free home! Whether you're at home or visiting friends, only flush the3 P's: pee, poop, and toilet paper. Trust us, this is one gi that'll be appreciate…0%0 122 DATE POST ENGAGEMENT RATE ENGAGEMENTS IMPRESSIONS 4 Post performance - Instagram Business Data from 01 Dec, 2024 to 24 Jan, 2025 Sources ocsandistrictO ocsandistrict Jan 24, 20:31O ☀0%211 0 211 ocsandistrict Jan 24, 19:15O The Winter Edition of the OC San Connection Newsletter is here! Lean about construction projects in our service area, latest program highlights, and helpful safety tips —there's something for everyone! 📰 Check it out ocsan.gov… 3.33%0 2 60 ocsandistrict Jan 23, 18:02O (No description)0%130 0 129 ocsandistrict Jan 23, 18:02O ⬛0%140 0 138 ocsandistrict Jan 20, 17:20O Starting in the @City_of_brea, OC San’s Euclid Sewer Trunk is taking the scenicroute! It runs through Fullerton, Anaheim, Garden Grove, ending at ReclamationPlant No. 1 in Fountain Valley! A vital route, keeping things flowing across the…4.79%154 7 146 ocsandistrict Jan 19, 22:15O Our oices will be closed on Monday, January 20 in observance of Martin LutherKing Jr. Day, Our treatment plant continues to operate 24/7. In case of a seweremergency, please call (714) 593-7025.8%134 9 125 ocsandistrict Jan 18, 17:05O : It's the 17th Birthday of the Groundwater Replenishment System (GWRS)!We're so thankful for this partnership with @OCWD that let’s us serve 1 millionpeople across Orange County. To celebrate, we thought we'd put some…9.15%0 26 328 ocsandistrict Jan 17, 21:11O For more info visit:0%202 0 202 ocsandistrict Jan 16, 20:32O (No description)0%165 0 164 ocsandistrict Jan 16, 19:22O Inspection of one of our 90 inch primary lines at Plant No. 1 0%197 0 193 ocsandistrict Jan 15, 18:01O Protecting public health is at the heart of what we do - it's even in our missionstatement! From water sampling to marine monitoring, this#NationalStayingHealthyMonth we're reminded of the hard work behind…12.32%219 21 203 ocsandistrict Jan 14, 22:30O We are excited to announce the promotion of Nick Oswald to MaintenanceManager of the Collections Division. Nick’s experience across the industry andorganization makes him the ideal person to fill this roll.19.06%392 40 362 ocsandistrict Jan 13, 19:00O Meet the unsung heroes of Costa Mesa - @costamesasanitarydistrict (CMSD)! As a collection system, CMSD maintains 224 miles of gravity sewers, 5,000+ manholes, and 20 pump stations to keep things flowing in the community!… 5.41%281 13 259 ocsandistrict Jan 11, 18:00O Say hello to our tiny but mighty friends who do the heavy liing during secondary treatment. These aerobic bacteria use oxygen to break down solids and turn them into energy for their own growth—making the magic happen… 9.06%350 27 331 ocsandistrict Jan 10, 18:02O Join our team in saving lives through the American Red Cross Blood Drive. To schedule your donation appointment, sign up at RedCrossBlood.org with sponsor code: OCSan. 3.56%300 9 281 ocsandistrict Jan 09, 17:30O Did you know that OC San is home to the first open-air sky bridge in Fountain Valley? The 220-foot pedestrian bridge plays a vital role in connecting our Headquarters to our Plant No. 1! See it for yourself by signing up for a tour at … 9.73%350 29 329 ocsandistrict Jan 07, 17:01O Have you ever wondered how we're able to keep track of all of our critical infrastructure across 479 square miles of Orange County? Our Asset Management Plan plays a key role in this eort, allowing us to eectively trac… 5.52%153 8 145 ocsandistrict Jan 06, 19:40O We are saddened to learn of the passing of former OC San Board Member and Chairwoman, Shirley McCracken, who passed away on Saturday at age 87. In addition to being elected as the second woman to the City of Anaheim’s City… 6.51%280 15 261 ocsandistrict Jan 06, 18:01O Kicking o the first Monday of the year by highlighting @cityoflahabra! La Habra is one of northernmost cities in our service area and uses a gravity flow sewer system. This means that water moves by the force of gravity from home… 2.28%319 6 307 ocsandistrict Jan 04, 18:01O Start the year o right! Get ready to grow your career and make an impact at OCSan. Visit www.ocsan.gov/jobs to learn about open opportunities 🎉6.67%0 9 150 ocsandistrict Jan 02, 18:01O New year, new you, but same pipes. Let your New Year's Resolution be only flushing the 3 P's. Anything other than pee, poop, or toilet paper belongs in the trash, not down the drain. Learn more at ocsan.gov/what2flush 🚽 6.75%174 11 163 ocsandistrict Dec 31, 19:20O Happy New Year's Eve! Reflecting on a 2024 filled with growth, success, and memorable moments, we look forward to an exciting 2025. Cheers to new opportunities ahead! 9.8%0 46 490 ocsandistrict Dec 31, 15:38O (No description)0%163 0 162 ocsandistrict Dec 30, 18:10O Wrapping up 2024 with our final agency highlight of the year. Don't worry, there's plenty more to come in 2025. We're proud to work with @CityofIrivine and @IRWDnews to transport and treat wastewater from the city to our two… 2.97%211 6 202 ocsandistrict Dec 27, 19:02O With Christmas fresh in our minds, we wanted to say a huge thank you to our incredible sta and @fountainvalleyfirefighters for making this holiday season brighter. Through the Spark of Love toy drive, children in need across Orange… 4.06%1,079 35 985 ocsandistrict Dec 25, 20:01O Wishing you all a Merry Christmas and Happy Holidays from all of us at OC San!7.33%206 13 191 ocsandistrict Dec 25, 01:18O (No description)0%100 0 100 ocsandistrict Dec 24, 20:22O (No description)0%95 0 94 ocsandistrict Dec 24, 20:21O Merry Christmas Eve! Our administrative oices will be closed but ourreclamation plants will continue to operate 24/7. To report an emergency,please call (714) 593-7025. Happy Holidays!5.99%177 10 167 ocsandistrict Dec 23, 19:01O Just another Member Agency Monday! @cityofbuenapark keeps things flowingsmoothly, maintaining over 168 miles of sewer mains every year. From locallines to OC San's regional trunk lines, it’s all about teamwork and dedication t…4.55%208 9 198 ocsandistrict Dec 22, 19:00O 'Tis the season…for FOG (fats, oils, and grease)! Don’t let a clog be the Grinch toyour holiday cheer. Toss all FOG in the trash—not down the drain—and keepthings flowing smoothly! Learn more at www.ocsan.gov/FOG. 🎄💧❄ 10.92%0 12 119 ocsandistrict Dec 20, 18:55O Make sure what you're flushing is on Santa's nice list! Anything other than the 3P's (pee, poop, and toilet paper), can cause a not-so-festive clog for our sewersystem. Happy Holidays!6.79%238 13 221 ocsandistrict Dec 19, 22:39O (No description)0%123 0 121 ocsandistrict Dec 18, 18:02O As the year wraps up, we're looking back on what an amazing 70th anniversaryyear we had! From our HQ Ribbon-Cutting and Community Open House tocountless community events and tours, it's been a year to remember. Thank y…6.79%0 13 221 ocsandistrict Dec 17, 17:45O Keep your holiday baking drama-free! 🍪🎄 Pouring fats, oils, and grease(FOG) down the drain can lead to messy (and expensive) sewer clogs. Instead,toss leover grease, butter, or oil in the trash, not the sink. Let’s keep things…8.73%299 21 275 ocsandistrict Dec 16, 18:02O Happy Member Monday! 🎉 Today, we’re excited to spotlight the@cityoforange_ca! OC San is currently in the City of Orange for the Ta SewerImprovement Project, which kicked o last week. This project will upgrade…1.56%1,725 25 1,670 ocsandistrict Dec 14, 18:02O OC San District Headquarters has been chosen as Project of the Year in the@usgbcca 14th Annual Green Building Awards! Our HQ, designed by@HDR_inc, incorporates many environmental components, like using hot wat…15.46%383 40 317 ocsandistrict Dec 13, 00:50O (No description)15.45%0 56 479 ocsandistrict Dec 12, 17:45O #TBT to a day in the control center during the 60s. The control center runs 24/7, with operators constantly monitoring and regulating key parts of the wastewater treatment process, like water levels, flow rates, and pump activity. We're so… 6.47%220 12 201 ocsandistrict Dec 12, 16:13O Good Morning from Plant No. 1 ☀0%178 0 174 ocsandistrict Dec 11, 18:21O (No description)0%49 0 49 ocsandistrict Dec 09, 20:01O This week's Member Agency Monday takes us to @CityofFullerton. Fullerton isn't just home to just CSUF's Titans, but also to one of OC San's pump stations. Pump stations are vital to our collection system, allowing wastewater to be lied… 5.42%184 9 166 ocsandistrict Dec 07, 18:01O Spread some holiday cheer and make someone's season a little brighter! OC San is once again partnering with @fountainvalleyfirefighters for the Spark of Love Toy Drive. Gis delivered to OC San Headquarters by Monday, Decemb… 6.11%195 10 180 ocsandistrict Dec 06, 22:15O (No description)0%148 0 148 ocsandistrict Dec 06, 22:14O OC San will begin potholing along Ta Ave. between Glassell St. and Tustin St. on Monday, 12/9 in @CityofOrange_CA. Work is not scheduled to occur during the holidays. To learn more visit www.ocsan.gov/ta 0.74%1,581 9 1,493 ocsandistrict Dec 05, 20:02O We are proud to receive two National Environmental Achievement Awards from the National Association of Clean Water Agencies for our Connection Newsletter and Employee Development Program! These projects and programs are vital … 4.84%153 6 124 ocsandistrict Dec 04, 17:25O At OC San, we believe in making the most of what we have. That's why we harness every available byproduct of the wastewater treatment process for good. With our Central Power Generation System (CenGen), we're able to use… 9.75%258 23 236 ocsandistrict Dec 02, 20:00O It's not just Cyber Monday, it's Member Agency Monday! Our Cypress Trunk Sewer Project will be starting next year, enhancing 6.5 miles of sewer in Cypress, Los Alamitos, and La Palma. These upgrades will extend the life of the sewer… 3.21%169 5 156 ocsandistrict Dec 01, 18:00O Now that Thanksgiving is over, it's time to get in the holiday spirit! Looking for a unique gi idea? How about the gi of a clog-free home! Whether you're at home or visiting friends, remember to only flush the 3 P's: pee, poop, and toile… 1.03%0 2 194 DATE POST ENGAGEMENT RATE IMPRESSIONS LIKES REACH 5 Post performance - LinkedIn Pages Data from 01 Dec, 2024 to 24 Jan, 2025 Sources Orange County Sanitation District Orange County Sanitation District Jan 24, 19:15 The Winter Edition of the OC San Connection Newsletter is here! Lean about construction projects in our service area, latest program highlights, and helpful safety tips —there's something for everyone! 📰 Check it out ocsan.gov… 6.56%122 2 0 Orange County Sanitation District Jan 18, 17:05 : It's the 17th Birthday of the Groundwater Replenishment System (GWRS)! We're so thankful for this partnership with Orange County Water District that lets us serve 1 million people across Orange County. To celebrate, we thought we'… 13.25%981 32 4 Orange County Sanitation District Jan 15, 18:01 Protecting public health is at the heart of what we do - it's even in our mission statement! From water sampling to marine monitoring, this #NationalStayingHealthyMonth we're reminded of the hard work behind… 6.27%287 8 1 Orange County Sanitation District Jan 14, 22:30 We are excited to announce the promotion of Nick Oswald to MaintenanceManager of the Collections Division. Nick’s experience across the industry andorganization makes him the ideal person to fill this role.7.35%816 27 0 Orange County Sanitation District Jan 07, 17:00 Have you ever wondered how we're able to keep track of all of our criticalinfrastructure across 479 square miles of Orange County? Our AssetManagement Plan plays a key role in this eort, allowing us to eectively trac…8.72%642 25 0 Orange County Sanitation District Dec 30, 16:05 Please join us at our market sounding event for OC San’s Ocean OutfallsRehabilitation Project on Thursday, January 30, 2025. This meeting will providean overview of the project, including its background, drivers, schedule,…11.11%1,810 34 4 Orange County Sanitation District Dec 18, 18:00 As the year wraps up, we're looking back on what an amazing 70th anniversaryyear we had! From our HQ Ribbon-Cutting and Community Open House tocountless community events and tours, it's been a year to remember. Thank y…13.12%1,029 40 0 Orange County Sanitation District Dec 14, 18:00 OC San District Headquarters has been chosen as Project of the Year in theUSGBC California 14th Annual Green Building Awards! Our HQ, designed byHDR, incorporates many environmental components, like using hot water fro…24.6%2,695 122 12 Orange County Sanitation District Dec 05, 20:01 We are proud to receive two National Environmental Achievement Awards fromthe National Association of Clean Water Agencies (NACWA) for our ConnectionNewsletter and Employee Development Program! These projects and progra…4.66%558 8 0 DATE POST ENGAGEMENT RATE IMPRESSIONS REACTIONS SHARES 6 Article Date Source Link Southern California zeros in on circularity in wastewater treatment 12/3/2024 CSN Shiping News https://statics.teams.cdn.office.net/evergreen- assets/safelinks/1/atp-safelinks.html 14th Annual CA Green Building & Community Awards Announced 12/3/2024 USGBC CA https://usgbc-ca.org/14th-annual-ca-green- building-community-awards-announced/ Orange County Sanitation District Earns Two NACWA Awards 12/5/2024 Waste 360 https://www.waste360.com/industry- insights/orange-county-sanitation-district- earns-two-nacwa-awards Teledyne ADCP Selected for 63-ft. Hybrid Ocean Monitoring Vessel 12/17/2024 Marine Tech News https://www.marinetechnologynews.com/new s/teledyne-selected-hybrid-ocean-643391 Media Articles 7 ADMINISTRATION COMMITTEE Agenda Report Headquarters 18480 Bandilier Circle Fountain Valley, CA 92708 (714) 593-7433 File #:2025-4051 Agenda Date:2/12/2025 Agenda Item No:4. FROM:Robert Thompson, General Manager Originator: Lorenzo Tyner, Assistant General Manager SUBJECT: LANDSCAPE MAINTENANCE SERVICES, SPECIFICATION NO. S-2024-640BD GENERAL MANAGER'S RECOMMENDATION RECOMMENDATION: Recommend to the Board of Directors to: A. Approve a General Services Contract to Tropical Plaza Nursery, Inc., for Landscape Maintenance Services, Specification No. S-2024-640BD, for a total annual amount not to exceed $239,589, with four (4) one-year renewal options; and B. Approve an annual contingency of $23,959 (10%). BACKGROUND The Orange County Sanitation District (OC San) facilities are landscaped and require routine maintenance to ensure the hardscape and vegetation have a positive appearance. The landscaped facilities include the Headquarters, two treatment plants, and offsite collection system locations. Services encompass all aspects of groundskeeping and landscape maintenance. RELEVANT STANDARDS ·Protect OC San assets ·Ensure the public’s money is wisely spent ·Operate and maintain facilities to minimize impacts on surrounding communities,including odor, noise, and lighting PROBLEM The contract currently in place for landscape maintenance services is set to expire with no renewal options. PROPOSED SOLUTION Secure a contractor to provide landscape maintenance services for OC San facilities. Orange County Sanitation District Printed on 2/3/2025Page 1 of 3 powered by Legistar™ File #:2025-4051 Agenda Date:2/12/2025 Agenda Item No:4. TIMING CONCERNS The current contract expires on February 28, 2025, and requires approving a new contract to ensure seamless landscape maintenance service. RAMIFICATIONS OF NOT TAKING ACTION Landscape maintenance services would cease, and the appearance of OC San facilities would degrade as landscaped areas become overgrown and accumulate trash and debris. PRIOR COMMITTEE/BOARD ACTIONS N/A ADDITIONAL INFORMATION An RFP was issued on September 30, 2024, via Planet Bids. The following evaluation criteria were described in the RFP and used to determine the most qualified vendor. Criterion Weight 1. Qualifications & Experience of Firm 25% 2. Proposed Staffing & Project Organization 25% 3. Work Plan 25% 4. Cost 25% The RFP closed on October 30, 2024. OC San received responses from seven vendors, five vendors were considered responsive and were evaluated. Two vendors, EMTS Inc. and Priority Landscape Services, LLC, were found non-responsive during the safety evaluation due to having an accident frequency factor higher than the acceptable limit of 1.25. Prior to receipt of proposals, an Evaluation team was formed consisting of an OC San Maintenance Manager, Maintenance Supervisor, Maintenance Specialist, Lead Facilities Worker, and a Facilities Worker along with support from a Financial Management Representative and a Safety and Health Specialist. The team was chaired by a Purchasing Division representative as a non-voting member. This RFP used the individual scoring method. The evaluation team first reviewed and scored the proposals based on the criterion listed above, other than cost. Rank Proposer Criterion 1 (Max 25%) Criterion 2 (Max 25%) Criterion 3 (Max 25%) Subtotal Score (Max 25%) 1 Tropical Plaza Nursery, Inc. 20%18%22%60% 2 SoCal Land Maintenance 19%16%18%53% 3 Master Landscape 20%17%13%50% 4 United Pacific Services 19%15%12%46% 5 Greenfield Landscaping 15%13%8%36% Orange County Sanitation District Printed on 2/3/2025Page 2 of 3 powered by Legistar™ File #:2025-4051 Agenda Date:2/12/2025 Agenda Item No:4. Rank Proposer Criterion 1(Max 25%)Criterion 2(Max 25%)Criterion 3(Max 25%)Subtotal Score(Max 25%)1 Tropical PlazaNursery, Inc.20%18%22%60% 2 SoCal Land Maintenance 19%16%18%53% 3 Master Landscape 20%17%13%50% 4 United Pacific Services 19%15%12%46% 5 Greenfield Landscaping 15%13%8%36% All proposals were accompanied by a sealed cost proposal. Only the cost proposals for the two highest-ranked firms were opened and negotiated. Rank Proposer Subtotal Score without cost (Max 75%) Cost (Max 25%) Total Weighted Score (Max 100%) 1 Tropical Plaza Nursery, Inc. 60%25%85% 2 SoCal Land Maintenance 53%21%74% COST INFORMATION FOR OPENED PROPOSALS Rank Proposer ORIGINAL COST BAFO 1 Tropical Plaza Nursery, Inc. $259,379.40 $239,589 2 SoCal Land Maintenance $285,600 $285,600 (no change) Based on these results, staff recommends approving a General Services Contract to Tropical Plaza Nursery, Inc. The term of this Contract will begin March 1, 2025 through February 28, 2026 with four (4) one-year renewal options. CEQA N/A FINANCIAL CONSIDERATIONS This request complies with the authority levels of OC San’s Purchasing Ordinance. This item has been budgeted (Budget FY 2024-25 and 2025-26, Section 6,Page 12, Professional & Contractual Services) and the budget is sufficient for the recommended action. Date of Approval Contract Amount Contingency 02/26/2025 $239,589 $23,959 ATTACHMENT The following attachment(s) may be viewed on-line at the OC San website (www.ocsan.gov) with the complete agenda package: ·General Services Contract Orange County Sanitation District Printed on 2/3/2025Page 3 of 3 powered by Legistar™ General Services Contract 1 of 11 Specification No. S-2024-640BD Revision 073024 GENERAL SERVICES CONTRACT Landscape Maintenance Services Specification No. S-2024-640BD This GENERAL SERVICES CONTRACT (hereinafter referred to as “Contract”), is made and entered into as of the date fully executed below, by and between Orange County Sanitation District (hereinafter referred to as “OC San”) and Tropical Plaza Nursery, Inc. (hereinafter referred to as “Contractor”), and collectively referred to herein as the “Parties.” R E C I T A L S WHEREAS, OC San desires to retain the services of Contractor for Landscape Maintenance Services for OC San Headquarters, Plant 1, Plant 2, and Pump Stations (“Services”) as described in Exhibit “A” attached hereto and incorporated herein by this reference; and WHEREAS, Contractor is qualified to perform the Services by virtue of experience, training, education, and expertise; and WHEREAS, OC San desires to engage Contractor to provide the Services; and WHEREAS, OC San selected Contractor to provide the Services in accordance with OC San’s current Purchasing Ordinance; and WHEREAS, on February 26, 2025, OC San’s Board of Directors, by minute order, authorized execution of this Contract. NOW, THEREFORE, in consideration of the above recitals and the mutual promises and benefits specified below, the Parties agree as follows: 1. General. 1.1 This Contract and all exhibits hereto are made by OC San and the Contractor. 1.2 The following exhibits, in order of precedence, are incorporated by reference and made part of this Contract. Exhibit “A” – Scope of Work Exhibit “B” – Proposal and BAFO Exhibit “C” – Determined Insurance Requirement Form Exhibit “D” – Contractor Safety Standards Exhibit “E” – Human Resources Policies 1.3 In the event of any conflict or inconsistency between the provisions of this Contract and any of the provisions of the exhibits hereto, the provisions in the Contract shall control and thereafter the provisions in the document highest in precedence shall be controlling. 1.4 Except as expressly provided otherwise, OC San accepts no liability for any expenses, losses, or actions incurred or undertaken by Contractor as a result of work performed in anticipation of acquisition of the Services by OC San. General Services Contract 2 of 11 Specification No. S-2024-640BD Revision 073024 1.5 Work Hours: Shall be as specified in Exhibit “A.” 1.6 Days: Shall mean calendar days, unless otherwise noted. 1.7 OC San holidays (non-working days) are as follows: New Year’s Day, Martin Luther King, Jr. Day, Presidents’ Day, Memorial Day, Independence Day, Labor Day, Veterans Day, Thanksgiving Day, Day after Thanksgiving, Christmas Eve, and Christmas Day. 1.8 Work: Shall mean all work, labor, and materials necessary to provide the Services. 1.9 The provisions of this Contract may be amended or waived only by an amendment executed by authorized representatives of both Parties. 1.10 The various headings in this Contract are inserted for convenience only and shall not affect the meaning or interpretation of this Contract or any paragraph or provision hereof. 2. Scope of Work. 2.1 Contractor shall perform the Services identified in Exhibit “A” in accordance with generally accepted industry and professional standards. 2.2 Modifications to Scope of Work. OC San shall have the right to modify the Scope of Work at any time. All modifications must be made by an amendment signed by both Parties. 2.3 Familiarity with Work. By executing this Contract, Contractor warrants that: (a) it has investigated the work to be performed; (b) it understands the facilities, difficulties, and restrictions of the work under this Contract; and (c) it has examined the site of the work and is aware of all conditions at the site. Should Contractor discover any latent or unknown condition materially differing from those inherent in the work or as represented by OC San, it shall immediately inform OC San of this and shall not proceed, except at Contractor’s risk, until written instructions are received from OC San. 2.4 Performance. Time is of the essence in the performance of the provisions hereof. 3. Contract Term. 3.1 The term of this Contract shall be for one (1) year commencing on March 1, 2025 and continuing through February 28, 2026. 3.2 Renewals. At its sole discretion, OC San may exercise the option to renew this Contract for up to four (4) one-year periods. This Contract may be renewed by an OC San Purchase Order. OC San shall have no obligation to renew the Contract nor to give a reason if it elects not to renew it. 3.3 Extensions. The term of this Contract may be extended only by an amendment signed by both Parties. General Services Contract 3 of 11 Specification No. S-2024-640BD Revision 073024 4. Compensation. 4.1 As compensation for the Services provided under this Contract, OC San shall pay Contractor a total amount not to exceed Two Hundred Thirty-Nine Thousand Five Hundred Eighty-Nine Dollars ($239,589.00). 4.2 Contractor shall provide OC San with all required premiums and/or overtime work at no charge beyond the amount specified above. 5. Payments and Invoicing. 5.1 OC San shall pay itemized invoices for work completed in accordance with Exhibit “A” thirty (30) days from receipt of the invoice and after approval by OC San’s Contract Manager or designee. OC San shall be the determining party, in its sole discretion, as to whether the Services have been satisfactorily completed. 5.2 Contractor shall submit its invoices to OC San Accounts Payable by electronic mail to APStaff@OCSan.gov. In the subject line include “INVOICE” and the Purchase Order Number. 6. California Department of Industrial Relations Registration and Record of Wages. 6.1 To the extent Contractor’s employees and/or its subcontractors perform work related to this Contract for which Prevailing Wage Determinations have been issued by the California Department of Industrial Relations (DIR) as more specifically defined under Labor Code section 1720 et seq., prevailing wages are required to be paid for applicable work under this Contract. It is Contractor’s responsibility to interpret and implement any prevailing wage requirements and Contractor agrees to pay any penalty or civil damages resulting from a violation of the prevailing wage laws. 6.2 Contractor and its subcontractors shall comply with the registration requirements of Labor Code section 1725.5. Pursuant to Labor Code section 1771.4(a)(1), the work is subject to compliance monitoring and enforcement by the California Department of Industrial Relations (DIR). 6.3 Pursuant to Labor Code section 1773.2, a copy of the prevailing rate of per diem wages is available upon request at OC San’s principal office. The prevailing rate of per diem wages may also be found at the DIR website for prevailing wage determinations at http://www.dir.ca.gov/DLSR/PWD. 6.4 Contractor and its subcontractors shall comply with the job site notices posting requirements established by the Labor Commissioner per Title 8, California Code of Regulations section 16461(e). Pursuant to Labor Code sections 1773.2 and 1771.4(a)(2), Contractor shall post a copy of the prevailing rate of per diem wages at the job site. 6.5 Contractor and its subcontractors shall maintain accurate payroll records and shall comply with all the provisions of Labor Code section 1776. Contractor and its subcontractors shall submit payroll records to the Labor Commissioner pursuant to Labor Code section 1771.4(a)(3). Pursuant to Labor Code section 1776, the Contractor and its subcontractors shall furnish a copy of all certified payroll records to OC San and/or the General Services Contract 4 of 11 Specification No. S-2024-640BD Revision 073024 general public upon request, provided the public request is made through OC San, the Division of Apprenticeship Standards, or the Division of Labor Standards Enforcement of the Department of Industrial Relations. Pursuant to Labor Code section 1776(h), penalties for non-compliance with a request for payroll records may be deducted from progress payments. 6.5.1 As a condition to receiving payments, Contractor agrees to present to OC San, along with any request for payment, all applicable and necessary certified payrolls and other required documents for the period covering such payment request. Pursuant to Title 8, California Code of Regulations section 16463, OC San shall withhold any portion of a payment, up to and including the entire payment amount, until certified payroll forms and any other required documents are properly submitted. In the event certified payroll forms do not comply with the requirements of Labor Code section 1776, OC San may continue to withhold sufficient funds to cover estimated wages and penalties under the Contract. 6.6 The Contractor and its subcontractors shall comply with Labor Code section 1774 and section 1775. Pursuant to Labor Code section 1775, the Contractor and any of its subcontractors shall forfeit to OC San a penalty of not more than two hundred dollars ($200) for each calendar day, or portion thereof, for each worker paid less than the prevailing rates as determined by the DIR for the work or craft in which the worker is employed for any work. 6.6.1 In addition to the penalty and pursuant to Labor Code section 1775, the difference between the prevailing wage rates and the amount paid to each worker for each calendar day or portion thereof for which each worker was paid less than the prevailing wage rate shall be paid to each worker by the Contractor or its subcontractor. 6.7 Contractor and its subcontractors shall comply with Labor Code sections 1810 through 1815. Contractor and its subcontractors shall restrict working hours to eight (8) hours per day and forty (40) hours per week, except that work performed in excess of those limits shall be permitted upon compensation for all excess hours worked at not less than one and one-half (1.5) times the basic rate of pay, as provided in Labor Code section 1815. The Contractor shall forfeit, as a penalty to OC San, twenty-five dollars ($25) per worker per calendar day during which such worker is required or permitted to work more than eight (8) hours in any one calendar day and forty (40) hours in any one calendar week in violation of Labor Code sections 1810 through 1815. 6.8 Contractor and its subcontractors shall comply with Labor Code sections 1777.5, 1777.6, and 1777.7 concerning the employment of apprentices by Contractor or any subcontractor. 6.9 Contractor shall include, at a minimum, a copy of the following provisions in any contract it enters into with any subcontractor: Labor Code sections 1771, 1771.1, 1775, 1776, 1777.5, 1810, 1813, 1815, 1860, and 1861. 6.10 Pursuant to Labor Code sections 1860 and 3700, the Contractor and its subcontractors will be required to secure the payment of compensation to employees. Pursuant to Labor Code section 1861, Contractor, by accepting this contract, certifies that: General Services Contract 5 of 11 Specification No. S-2024-640BD Revision 073024 “I am aware of the provisions of section 3700 of the Labor Code which require every employer to be insured against liability for workers’ compensation or to undertake self-insurance in accordance with the provisions of that code, and I will comply with such provisions before commencing the performance of the work of this contract.” Contractor shall ensure that all its contracts with its subcontractors provide the provision above. 7. Damage to OC San’s Property. Any of OC San’s property damaged by Contractor, any subcontractor, or by the personnel of either will be subject to repair or replacement by Contractor at no cost to OC San. 8. Freight (F.O.B. Destination). Contractor assumes full responsibility for all transportation, transportation scheduling, packing, handling, insurance, and other services associated with delivery of all products deemed necessary under this Contract. 9. Audit Rights. Contractor agrees that, during the term of this Contract and for a period of three (3) years after its expiration or termination, OC San shall have access to and the right to examine any directly pertinent books, documents, and records of Contractor relating to the invoices submitted by Contractor pursuant to this Contract. 10. Contractor Safety Standards and Human Resources Policies. OC San requires Contractor and its subcontractor(s) to follow and ensure their employees follow all Federal, State, and local regulations as well as the Contractor Safety Standards while working at OC San locations. If, during the course of the Contract, it is discovered that the Contractor Safety Standards do not comply with Federal, State, or local regulations, the Contractor is required to follow the most stringent regulatory requirement at no additional cost to OC San. Contractor, its subcontractors, and all of their employees shall adhere to the safety requirements in Exhibit “A,” all applicable Contractor Safety Standards in Exhibit “D,” and the Human Resources Policies in Exhibit “E.” 11. Insurance. Contractor and all its subcontractors shall purchase and maintain, throughout the term of this Contract and any periods of warranty or extensions, insurance in amounts equal to the requirements set forth in the signed Exhibit “C” – Determined Insurance Requirement Form. Contractor shall not commence work under this Contract until all required insurance is obtained in a form acceptable to OC San, nor shall Contractor allow any subcontractor to commence service pursuant to a subcontract until all insurance required of the subcontractor has been obtained. Failure to obtain and maintain the required insurance coverage shall result in termination of this Contract. 12. Bonds. Not Used 13. Indemnification and Hold Harmless Provision. Contractor shall assume all responsibility for damages to property and/or injuries to persons, including accidental death, which may arise out of or may be caused by Contractor’s Services under this Contract, or by its subcontractor(s), or by anyone directly or indirectly employed by Contractor, and whether such damage or injury shall accrue or be discovered before or after the termination of the Contract. Except as to the sole active negligence of or willful misconduct of OC San, Contractor shall indemnify, protect, defend, and hold harmless OC San, its elected and appointed officials, officers, agents, and employees from and against any and all claims, liabilities, damages, or General Services Contract 6 of 11 Specification No. S-2024-640BD Revision 073024 expenses of any nature, including attorneys’ fees: (a) for injury to or death of any person, or damage to property, or interference with the use of property arising out of or in connection with Contractor’s performance under the Contract, and/or (b) on account of use of any copyrighted or uncopyrighted material, composition, or process; or any patented or unpatented invention, article, or appliance furnished or used under the Contract, and/or (c) on account of any goods and services provided under this Contract. This indemnification provision shall apply to any acts or omissions, willful misconduct, or negligent misconduct, whether active or passive, on the part of Contractor or anyone employed by or working under Contractor. To the maximum extent permitted by law, Contractor’s duty to defend shall apply whether or not such claims, allegations, lawsuits, or proceedings have merit or are meritless; or which involve claims or allegations that any of the parties to be defended were actively, passively, or concurrently negligent; or which otherwise assert that the parties to be defended are responsible, in whole or in part, for any loss, damage, or injury. Contractor agrees to provide this defense immediately upon written notice from OC San, and with well qualified, adequately insured, and experienced legal counsel acceptable to OC San. This section shall survive the expiration or early termination of the Contract. 14. Independent Contractor. The relationship between the Parties hereto is that of an independent contractor and nothing herein shall be deemed to make Contractor an OC San employee. During the performance of this Contract, Contractor and its officers, employees, and agents shall act in an independent capacity and shall not act as OC San’s officers, employees, or agents. Contractor and its officers, employees, and agents shall obtain no rights to any benefits which accrue to OC San’s employees. 15. Subcontracting and Assignment. Contractor shall not delegate any duties nor assign any rights under this Contract without the prior written consent of OC San. Any such attempted delegation or assignment shall be void. 16. Disclosure. Contractor agrees not to disclose, to any third party, data or information generated from this Contract without the prior written consent from OC San. 17. Non-Liability of OC San Officers and Employees. No officer or employee of OC San shall be personally liable to Contractor, or any successor-in-interest, in the event of any default or breach by OC San, or for any amount which may become due to Contractor or to its successor, or for breach of any obligation under the terms of this Contract. 18. Third-Party Rights. Nothing in this Contract shall be construed to give any rights or benefits to anyone other than OC San and Contractor. 19. Applicable Laws and Regulations. Contractor shall comply with all applicable Federal, State, and local laws, rules, and regulations. Contractor also agrees to indemnify and hold OC San harmless from any and all damages and liabilities assessed against OC San as a result of Contractor’s noncompliance therewith. Any provision required by law to be included herein shall be deemed included as a part of this Contract whether or not specifically included or referenced. 20. Licenses, Permits, Ordinances, and Regulations. Contractor represents and warrants to OC San that it has obtained all licenses, permits, qualifications, and approvals of whatever nature that are legally required to provide the Services. Any and all fees required by Federal, State, County, City, and/or municipal laws, codes, and/or tariffs that pertain to the work performed under this Contract will be paid by Contractor. General Services Contract 7 of 11 Specification No. S-2024-640BD Revision 073024 21. Regulatory Requirements. Contractor shall perform all work under this Contract in strict conformance with applicable Federal, State, and local regulatory requirements including, but not limited to, 40 CFR 122, 123, 124, 257, 258, 260, 261, and 503, Title 22, 23, and Water Codes Division 2. 22. Environmental Compliance. Contractor shall, at its own cost and expense, comply with all Federal, State, and local environmental laws, regulations, and policies which apply to the Contractor, its subcontractors, and the Services, including, but not limited to, all applicable Federal, State, and local air pollution control laws and regulations. 23. South Coast Air Quality Management District’s Requirements. It is Contractor’s responsibility to ensure that all equipment furnished and installed be in accordance with the latest rules and regulations of the South Coast Air Quality Management District (SCAQMD). All Contract work practices, which may have associated emissions such as sandblasting, open field spray painting, or demolition of asbestos containing components or structures shall comply with the appropriate rules and regulations of SCAQMD. 24. Warranties. In addition to the warranties stated in Exhibit “A,” the following shall apply: 24.1 Contractor’s Warranty (Guarantee): If within a one (1) year period of completion of all work specified in Exhibit “A,” OC San informs Contractor that any portion of the Services provided fails to meet the standards required under this Contract, Contractor shall, within the time agreed to by OC San and Contractor, take all such actions as are necessary to correct or complete the noted deficiency(ies) at Contractor's sole expense. 25. Dispute Resolution. 25.1 In the event of a dispute as to the construction or interpretation of this Contract, or any rights or obligations hereunder, the Parties shall first attempt, in good faith, to resolve the dispute by mediation. The Parties shall mutually select a mediator to facilitate the resolution of the dispute. If the Parties are unable to agree on a mediator, the mediation shall be conducted in accordance with the Commercial Mediation Rules of the American Arbitration Agreement, through the alternate dispute resolution procedures of Judicial Arbitration through Mediation Services of Orange County (“JAMS”), or any similar organization or entity conducting an alternate dispute resolution process. 25.2 In the event the Parties are unable to timely resolve the dispute through mediation, the issues in dispute shall be submitted to arbitration pursuant to Code of Civil Procedure, Part 3, Title 9, sections 1280 et seq. For such purpose, an agreed arbitrator shall be selected, or in the absence of agreement, each party shall select an arbitrator, and those two (2) arbitrators shall select a third. Discovery may be conducted in connection with the arbitration proceeding pursuant to Code of Civil Procedure section 1283.05. The arbitrator, or three (3) arbitrators acting as a board, shall take such evidence and make such investigation as deemed appropriate and shall render a written decision on the matter in question. The arbitrator shall decide each and every dispute in accordance with the laws of the State of California. The arbitrator’s decision and award shall be subject to review for errors of fact or law in the Superior Court for the County of Orange, with a right of appeal from any judgment issued therein. General Services Contract 8 of 11 Specification No. S-2024-640BD Revision 073024 26. Liquidated Damages. Not Used. 27. Remedies. In addition to other remedies available in law or equity, if the Contractor fails to make delivery of the goods and Services or repudiates its obligations under this Contract, or if OC San rejects the goods or Services or revokes acceptance of the goods and Services, OC San may (a) cancel the Contract; (b) recover whatever amount of the purchase price OC San has paid, and/or (c) “cover” by purchasing, or contracting to purchase, substitute goods and Services for those due from Contractor. In the event OC San elects to “cover” as described in (c), OC San shall be entitled to recover from Contractor as damages the difference between the cost of the substitute goods and Services and the Contract price, together with any incidental or consequential damages. 28. Force Majeure. Neither party shall be liable for delays caused by accident, flood, acts of God, fire, labor trouble, war, acts of government, or any other cause beyond its control, but the affected party shall use reasonable efforts to minimize the extent of the delay. Work affected by a force majeure condition may be rescheduled by mutual consent of the Parties. 29. Termination. 29.1 OC San reserves the right to terminate this Contract for its convenience, with or without cause, in whole or in part, at any time, by written notice from OC San. Upon receipt of a termination notice, Contractor shall immediately discontinue all work under this Contract (unless the notice directs otherwise). OC San shall thereafter, within thirty (30) days, pay Contractor for work performed (cost and fee) through the date of termination. Contractor expressly waives any claim to receive anticipated profits to be earned during the uncompleted portion of this Contract. Such notice of termination shall terminate this Contract and release OC San from any further fee, cost, or claim hereunder by Contractor other than for work performed through the date of termination. 29.2 OC San reserves the right to terminate this Contract immediately upon OC San’s determination that Contractor is not complying with the Scope of Work requirements, if the level of service is inadequate, or for any other default of this Contract. 29.3 OC San may also immediately terminate this Contract for default, in whole or in part, by written notice to Contractor:  if Contractor becomes insolvent or files a petition under the Bankruptcy Act; or  if Contractor sells its business; or  if Contractor breaches any of the terms of this Contract; or  if the total amount of compensation exceeds the amount authorized under this Contract. 29.4 All OC San’s property in the possession or control of Contractor shall be returned by Contractor to OC San on demand or at the expiration or early termination of this Contract, whichever occurs first. 30. Attorney’s Fees. If any action at law or in equity or if any proceeding in the form of an Alternative Dispute Resolution (ADR) is necessary to enforce or interpret the terms of this Contract, the prevailing party shall be entitled to reasonable attorney’s fees, costs, and necessary disbursements in addition to any other relief to which the prevailing party may be entitled. General Services Contract 9 of 11 Specification No. S-2024-640BD Revision 073024 31. Waiver. The waiver by either party of any breach or violation of, or default under, any provision of this Contract shall not be deemed a continuing waiver by such party of any other provision or of any subsequent breach or violation of this Contract or default thereunder. Any breach by Contractor to which OC San does not object shall not operate as a waiver of OC San’s rights to seek remedies available to it for any subsequent breach. 32. Severability. If any section, subsection, or provision of this Contract; or any agreement or instrument contemplated hereby; or the application of such section, subsection, or provision is held invalid, the remainder of this Contract or instrument in the application of such section, subsection, or provision to persons or circumstances other than those to which it is held invalid, shall not be affected thereby, unless the effect of such invalidity shall be to substantially frustrate the expectations of the Parties. 33. Survival. The provisions of this Contract dealing with payment, warranty, indemnity, and forum for enforcement shall survive expiration or early termination of this Contract. 34. Governing Law. This Contract shall be governed by and interpreted under the laws of the State of California and the Parties submit to jurisdiction in the County of Orange in the event any action is brought in connection with this Contract or the performance thereof. 35. Notices. 35.1 All notices under this Contract must be in writing. Written notice shall be delivered by personal service, by electronic telecommunication, or sent by registered or certified mail, postage prepaid, return receipt requested, or by any other overnight delivery service which delivers to the noticed destination and provides proof of delivery to the sender. Rejection or other refusal to accept or the inability to deliver because of changed address for which no notice was given as provided hereunder shall be deemed to be receipt of the notice, demand, or request sent. All notices shall be effective when first received at the following addresses: OC San: Jackie Lagade Purchasing Supervisor Orange County Sanitation District 18480 Bandilier Circle Fountain Valley, CA 92708 jlagade@ocsan.gov Contractor: Leslie Fields Owner/President Tropical Plaza Nursery, Inc. 9642 Santiago Blvd. Villa Park, CA 92861 Lesfields@tropicalplaza.com 35.2 Each party shall provide the other party written notice of any change in address as soon as practicable. General Services Contract 10 of 11 Specification No. S-2024-640BD Revision 073024 36. Read and Understood. By signing this Contract, Contractor represents that it has read and understood the terms and conditions of the Contract. 37. Authority to Execute. The persons executing this Contract on behalf of the Parties warrant that they are duly authorized to execute this Contract and that by executing this Contract, the Parties are formally bound. 38. Entire Agreement. This Contract constitutes the entire agreement of the Parties and supersedes all prior written or oral communications and all contemporaneous oral agreements, understandings, and negotiations between the Parties with respect to the subject matter hereof. [Intentionally left blank. Signatures follow on the next page.] General Services Contract 11 of 11 Specification No. S-2024-640BD Revision 073024 IN WITNESS WHEREOF, intending to be legally bound, the Parties hereto have caused this Contract to be signed by their duly authorized representatives. ORANGE COUNTY SANITATION DISTRICT Dated: _________________ By: Ryan P. Gallagher Chair, Board of Directors Dated: _________________ By: Kelly A. Lore Clerk of the Board Dated: _________________ By: Kevin Work Purchasing & Contracts Manager TROPICAL PLAZA NURSERY, INC. Dated: _________________ By: Print Name and Title of Officer YP EXHIBIT A Specification No. S-2024-640BD EXHIBIT A SCOPE OF WORK For Landscape Maintenance Services EXHIBIT A Page 1 of 14 Specification No. S-2024-640BD EXHIBIT A SCOPE OF WORK LANDSCAPE MAINTENANCE SERVICES SPECIFICATION NO. S-2024-640BD 1 PURPOSE The work described in this document shall be performed at the following locations: • OC San Headquarters (HQ) - 18480 Bandilier Circle, Fountain Valley, CA • Plant No. 1 - 10844 Ellis Avenue, Fountain Valley, CA • Plant No. 2 - 22212 Brookhurst Street, Huntington Beach, CA • College Pump Station – 3198 College Ave., Costa Mesa, CA • Main Street Pump Station – 1499 Main St., Irvine, CA • Rocky Point Pump Station – 1601 W. Coast Highway, Newport Beach, CA • Slater Pump Station – 7202 Slater Ave. Huntington Beach, CA • Westside Pump Station – 3112 Yellowtail Dr., Rossmoor, CA 2 DESCRIPTION Contractor to provide grounds/landscape maintenance services including trimming of trees (that are less than 15 feet in height) at OC San locations as specified in this scope of work. 3 DEFINITIONS SUPERVISOR/FOREMAN – shall mean the Contractor’s representative that is the central point of contact with OC SAN. This person shall have full authority to act on behalf of the Contractor on all contract matters relating to the daily operation of this contract. PRINCIPAL LANDSCAPER - shall mean Contractor’s full-time on-site employee that is authorized to act for Contractor in every detail in the execution of this contract and shall be knowledgeable in landscape maintenance as well as the current specifications and scope of work of this contract. COLD SEASON – shall mean grass in which growth curve reaches its maximum between April and May, its low growth between July and August and reaches maximum luxury appearance in October and November. WARM SEASON – shall mean grass which is dormant in the Winter Season. EXHIBIT A Page 2 of 14 Specification No. S-2024-640BD 4 PROJECT / WORK ELEMENTS 4.1 Contractor shall provide grounds/landscape maintenance service on a daily (Monday through Friday excluding holidays) basis; Pump Stations will be maintained on the First (1st) and Third (3rd) Wednesday of every month unless instructed otherwise by OC San. 4.2 Services include trimming of trees less than 15 feet in height. All trees less than 15 feet in height are to be trimmed once a year. 4.3 Contractor shall provide all labor, materials/supplies, and equipment, etc. necessary for the proper performance of grounds/landscape maintenance and tree trimming. 4.4 Contractor will be required to mow and edge turf areas, provide litter control; provide weed control, rake, and cultivate planters, shrub beds and turf areas, prune and trimming of shrubs and trees. 4.5 The premises shall be maintained with the highest standards at no less than the frequencies set forth herein. The frequencies indicated herein are general requirements to identify overall maintenance frequencies. In the event of any conflict or inconsistency in the interpretation thereof, the OC San Contract Manager shall resolve said conflict/inconsistency. 4.6 The premises shall be maintained with a crisp, clean appearance, and all work shall be performed in a professional workmanship-like manner using quality equipment and materials. Contractor shall not work or perform any operations, particularly during periods of inclement weather, which may destroy or damage ground cover, or turf areas. 4.7 Contractor recognizes that during this contract, OC San personnel and/or other Contractors, may conduct other activities and operations that may include, but is not limited to, landscape refurbishment, modification or repair, construction and/or storm-related operations. Contractor may be required to modify or curtail certain tasks and operations and shall promptly comply with any request by OC San. 4.8 Contractor recognizes that during this contract, OC San personnel and/or other Contractors will be present near areas where Contractor is performing work. Care shall be taken by Contractor to be aware of and accommodate the presence of others. 4.9 Contractor shall respond to maintenance requests within two (2) hours of notification by the OC San Contract Manager. 4.10 If a reduction in landscape services occurs due to an OC San facility modification, then Contractor shall give consideration for equal compensation of removed landscape service. EXHIBIT A Page 3 of 14 Specification No. S-2024-640BD 4.11 BROKEN / DAMAGED IRRIGATION COMPONENTS 4.11.1 Prior to the start of service, OC San will inform the Contractor of the irrigation system and shall point out all pre-existing irrigation issues. During service, if the Contractor damages any irrigation component, they will be responsible for the repair and/or replacement of said irrigation component. 4.12 TURF CARE – MOWING, SEEDING AND WEED CONTROL 4.12.1 Mowing Frequency: Cold Season Grass requires once per week with the exception of June to September which requires every other week. 4.12.2 Mowing operation shall be scheduled Monday through Friday unless revised by OC San. 4.12.3 Mowing operations shall be performed in a professional workmanship-like manner that ensures a smooth surface appearance without scalping or allowing excessive cuttings to remain. 4.12.4 All mowing height shall be 3 inches. 4.12.5 Walkways shall be cleaned immediately following each mowing. All grass clippings shall be collected and removed from the site on the same day the areas are mowed. 4.12.6 Over seeding – Warm Season Grass: 4.12.7 Overseed with annual Rye grass at a rate of 7lbs per 1,000 sq ft Seed shall be uniformly broadcast with care taken not to broadcast in non-turf areas. 4.12.8 Re-sod damaged cold season grass. 4.12.9 Pre-Emergent – the Contractor shall apply an approved pre-emergent herbicide to all turf areas a minimum of one time per year for optimal performance. 4.13 TURF - FERTILIZATION AND AERATION 4.13.1 Application of fertilizer shall be done in sections determined by the areas covered by each irrigation system. 4.13.2 Notice shall be given to OC San so that all areas fertilized will be thoroughly soaked by OC San immediately after fertilization. 4.13.3 Turf shall be aerated according to the fertilization schedule. 4.13.4 Dethatch turf once a year on non-cool season grasses. 4.13.5 Turf shall be fertilized 4 times a year according to the following schedule: the first application shall be in the second week of March followed by the second week of May, and the third application shall be EXHIBIT A Page 4 of 14 Specification No. S-2024-640BD in the second week of September followed by the second week of November. 4.13.6 Replanting - the Contractor shall resolve all turf loss due to normal attrition or due to the Contractor’s faulty maintenance or negligence as determined by OC SAN. 4.14 TURF - EDGING AND DETAILING 4.14.1 Frequency: In accordance with mowing schedule. 4.14.2 Restrictions – All edges shall be neatly detailed by a string trimmer. 4.14.3 When designed edges exist in flowerbeds, these edges shall be kept clean, sharp, well-defined, and free of weeds and grass invasion. 4.14.4 All turf edges, including but not limited to, sidewalks, patios, drives, curbs, shrub beds, flower beds, ground cover beds and around the base of trees shall be edged to a neat and uniform line. 4.14.5 Turf around trees shall be cut back a minimum of 8 inches around the crown of trees and mulched with OC SAN Compost. 4.15 PLANTER, HEDGE AND FLOWER BEDS - WEED CONTROL, CULTIVATION AND MULCHING / COMPOSTING 4.15.1 No contact weed control chemical may be used in landscaped areas. 4.15.2 Frequency: • Cultivation – monthly. • Weed control - seasonal or as needed (All weeds shall be removed from planter and flower beds). • Pump stations – First (1st) and Third (3rd) Wednesday of the month unless directed by OC San representative. 4.15.3 Weeds treated using a systemic chemical or a pre-emergent control shall be left in place per manufacturer's recommendation. If treatment is not effective by the time specified in the manufacturer's recommendation, a second application shall be applied. 4.15.4 Report all diseased, broken, damaged, or unsightly plants or flowers to OC San Contract Manager and upon approval, remove such plants or flowers from all beds and then dispose properly. 4.15.5 Cultivate soil to a depth of 4 inches. Do not leave large dirt clods. 4.15.6 Cultivation and mulch – All soil shall be cultivated to a depth of four (4) inches and mulched with OC San compost. EXHIBIT A Page 5 of 14 Specification No. S-2024-640BD 4.16 GROUND COVER - PRUNING BACK, WEED CONTROL, PROPAGATION, CULTIVATION AND MULCHING / COMPOSTING 4.16.1 Frequency: As needed – Ground cover beds shall be maintained within their intended bounds, trimmed back, and detailed as needed. Growth regulator, in accordance with the contract provisions, may be applied to the edge of the ground cover. 4.16.2 All weeds as well as dead, diseased, and unsightly branches, vines, or other growth shall be removed as they develop. 4.16.3 All ground cover areas shall be pruned to maintain a neat edge along curbs, planter boxes or walls. 4.16.4 Runners that start to climb building, shrubs, or trees shall be pruned out of these areas. 4.16.5 Prune plant material for vehicular and pedestrian visibility and access, four (4) times per year or more often as needed dependent upon growth patterns of the plant spaces in question. 4.16.6 Detailing of sprinkler heads with string trimmer (to improve maximum water coverage), valve boxes, meter boxes, and similar small obstacles may be performed in a manner that ensures operability, ease of location, and a clean appearance. A six (6) inch clearance shall be considered normal. 4.16.7 Cultivation and mulch – All soil shall be cultivated to a depth of four (4) inches and mulched with OC San compost. 4.16.8 Spot plant/plug existing ground cover (Myoporum, Ice Plant & Red Apple) into cultivated and mulched soil in bare areas to promote full coverage of ground cover. 4.16.9 Replanting - the Contractor shall be responsible for the complete removal and replacement of ground cover lost due to the Contractor’s faulty maintenance or negligence as determined by OC San. 4.17 TREES AND HEDGES - TRIMMING, STAKING, PRUNING, 4.17.1 Tree trimming - all trees less than 15 feet to be trimmed and thinned. 4.17.1.1 Trees should be trimmed away from roof, fence, parking stalls, walkways, and obstacles. 4.17.1.2 Tree pruning shall be performed with the intent of developing structurally sound trees, and symmetrical appearance with the proper vertical and horizontal clearance. All dead and damaged branches and limbs shall be removed at the point of breaking. 4.17.1.3 All established trees in or near walkways no matter the height shall have the canopy branches a minimum of EXHIBIT A Page 6 of 14 Specification No. S-2024-640BD seven (7) feet unless specified by OC San Contract Manager. 4.17.1.4 All wounds one (1) inch in diameter or larger shall have pruning sealer applied immediately after pruning. 4.17.1.5 Remove all sucker growth on trees. 4.17.1.6 Remove all dead, diseased, and unsightly branches and trees. 4.17.1.7 Tree Replacement - All trees permanently damaged will be replaced at OC San expense except for those damaged or destroyed due to fault of Contractor or its employees. Replacement shall be with the identical species of tree existing previously, unless otherwise notified in writing by OC San. Size of the replacement shall be of like size not to exceed 24-inch box specimen container size. OC San will determine the need for replacement. 4.17.2 Staking – Trees (all trees) 4.17.2.1 Stake trees in those cases where tree has been damaged and requires staking for support or where stakes and/or guy wires are missing or damaged. 4.17.2.2 Stake new trees or recently planted trees that have not been previously staked. 4.17.2.3 Tree stakes, two (2) per tree, shall be treated lodge pole pine not less than eight (8) feet in length for five (5) gallon size trees; not less than ten (10) feet for fifteen (15) gallon size trees. 4.17.2.4 Guy wires where required and plant ties will be of pliable, zinc-coated, ten (10) gauge wire, two (2) per tree. 4.17.2.5 Hose for covering wire shall be either new or used garden hose at least one-half (1/2) inch in diameter (hose ties should allow for minimum of three (3) additional inches of clearance beyond the diameter of the branch or trunk being secured). 4.17.2.6 Stakes will not be placed closer than eight (8) inches from the trunk of the tree. 4.17.2.7 Stakes and ties will be placed so no chafing of bark occurs. 4.17.2.8 Immediately remove guy wires from trees that are choked or girdling by guy wire and re-stake if required. EXHIBIT A Page 7 of 14 Specification No. S-2024-640BD 4.17.3 Pruning – Hedges / Shrubs 4.17.3.1 Frequency: As needed, or as determined by OC San. 4.17.3.2 Prune shrubs to encourage healthy growth habits and for shape to retain their natural form and proportionate size. Restrict growth of shrubbery to area behind curbs and walkways and within planter beds by trimming. 4.17.3.3 Under no circumstances shall hedge shears be used as a means of pruning. 4.17.3.4 Prune all plant materials where necessary to present or eliminate hazardous conditions to vehicles or pedestrians. 4.17.3.5 Prune shrubs and hedges as needed to always maintain visibility on signs (i.e. stop, parking, handicap, etc.). 4.17.3.6 All cuts shall be made sufficiently close, flush, if possible, to the parent stem so that healing can readily start under normal conditions. 4.17.3.7 All limbs one and one-half inches (1½") or greater in diameter shall be undercut to prevent splitting. 4.17.3.8 Notify OC San Contract Manager and upon approval, remove all dead, diseased, and unsightly shrubs, plants and branches. 4.17.3.9 Rake and remove all clippings the same day that plant materials are pruned or trimmed. 4.17.3.10 The Plant 1 Streed Parkway center medium hedge may only be trimmed on the sides and the overgrowth on top shall be hand clipped. 4.17.3.11 Rocky Point Pump Station – Trim shrubs behind pump station to maintain 2 (two) foot clearance from the building (as needed). 4.18 WEED CONTROL 4.18.1 Remove all weeds and grass from walkways; curb and gutter expansion joints; fence/walk perimeter; roadways; driveways; parking lots; patios, drainage areas, buildings, and structures in the contract locations. 4.18.2 Remove weeds throughout OC San Headquarters, Plant 1, Plant 2, and Pump Stations. This includes the process area as needed. EXHIBIT A Page 8 of 14 Specification No. S-2024-640BD 4.18.3 Contractor shall not apply chemicals (including fertilizers) of any kind near any air intakes to buildings. 4.19 SWEEPING / RAKING / BLOWING 4.19.1 Accumulation of leaves shall be removed from all landscaped areas including planter beds, turf areas, sidewalks, gutters, roads, and parking lots adjacent to landscaped areas. No blowing of wood chips or mulch onto sidewalk or parking lots. 4.19.2 Frequency: 4.19.2.1 OC San Headquarters: Every Monday and Wednesday, or as needed, and to be completed by 10:00 am. 4.19.2.2 OC San Headquarters Courtyard: Sweep or vacuum only. NO BLOWING 4.19.2.3 Planter/Groundcover Beds: raking - once every two weeks and immediately after trimming or pruning, except for Headquarters once per week. 4.19.2.4 Sidewalks, gutters, and parking lots adjacent to landscaped areas: once every week. 4.19.2.5 Turf areas - raking: to coincide with each mowing. 4.19.2.6 Plant 2 Operations Center Cart Barn and the west ramp to the basement of the Operations Center - sweeping/blowing: Twice per month. 4.19.2.7 Plant 2 Banning and Bushard gate rails/runners - sweeping/blowing: Weekly. 4.19.2.8 Plant 2 Service Road around GWRS tanks – blowing and removal of leaves and trash weekly. 4.19.2.9 Except for OC San Headquarters, gas blowers are permitted at low speed. 4.19.2.10 Dust resulting from blowing activity must not travel beyond or above five (5) feet from the blower. 4.19.2.11 Debris, leaves, clippings, or any other items moved by the blower shall not be blown into planters, under plant material or onto lawns. All shrubs, bushes, or tree growth shall not impede any roadway or walkways. No landscaping materials or tools shall block any roadways or walkways. 4.19.2.12 Everything blown onto OC San Headquarters, Plant 1 and 2 streets must be immediately gathered and disposed of offsite. EXHIBIT A Page 9 of 14 Specification No. S-2024-640BD NOTE: Nothing may be blown or moved in any manner onto Bandilier Circle, Pacific Street, Ellis Avenue, Ward Street, Brookhurst Street, the Santa Ana River levee, or the Talbert Marsh Road. 4.20 LITTER CONTROL 4.20.1 Frequency: be aware of the presence of litter and immediately pick it up. 4.20.2 Contractor shall perform complete policing and litter pick-up to remove paper, glass, trash, feces, undesirable materials and other accumulated debris within any landscape areas to be maintained including, but not limited to, planters, landscape drains, storm drains, gutters, all sidewalks, roadways, roof drains and catch basins. 4.20.3 Contractor shall inspect and pick-up litter and other debris from planters along Ellis Ave in front of Headquarters Building and Plant 1 along Ward St on Mondays, and Plant 2 along Brookhurst St every Monday and Friday morning. 4.21 RODENT CONTROL 4.21.1 All areas shall be maintained free of gophers that could cause damage to turf, shrubs, ground cover, trees, and irrigation systems. 4.21.2 Methods of control must be approved by OC San Contract Manager prior to use. 4.22 DISEASE / INSECT CONTROL 4.22.1 All landscaped areas shall be maintained free of disease and insects that could cause damage to plant materials including, but not limited to, trees, shrubs, ground cover and turf. Contractor shall identify diseases related to pests, insects, and fungus intrusion on all landscape plant material and immediately submit in writing to the Contract Manager.. Upon OC San approval, Contractor shall immediately apply appropriate disease control measures. 4.22.2 A disease control program to prevent all common diseases from causing serious damage shall be provided on an as-needed basis. Disease control shall be achieved utilizing materials and rates recommended by a licensed California Pest Control Advisor or Certified Arborists. 4.22.3 An insect control program to prevent all common insects from causing damage shall be provided on an as-needed basis. Insect control shall be achieved utilizing materials and rates recommended by a licensed California Pest Control Advisor or Certified Arborists. 4.23 PLANT MATERIALS 4.23.1 Plant materials shall conform to the requirements of the landscape plan of the area as to kind, size, age, etc. Plans of record and specifications should be consulted to ensure correct identification of EXHIBIT A Page 10 of 14 Specification No. S-2024-640BD species. Plant material(s) larger than those specified may be supplied if complying in all other respects. Substitutions may be allowed but only with prior written approval by OC San. 4.23.2 Quality: Plants shall be sound, healthy, and vigorous; free from plant disease, insect pests or their eggs; and shall have healthy normal root systems and comply with all State and local regulations governing these matters and shall be free from any noxious weeds or pest. 4.23.3 All plant materials must be provided from a licensed nursery and shall be subject to acceptance by OC San. 4.23.4 Plant Materials Guarantee – All newly planted plants shall be guaranteed to live and remain in healthy condition for no less than one year from the date of planting by the Contractor. 4.24 GREEN WASTE DISPOSAL 4.24.1 Contractor to collect and remove from OC San premises all trash, rubbish and clippings accumulated from performing required tasks. 4.24.2 Contractor may place up to a 40-yard container at Plant 1 for waste. No materials may extend beyond the outside dimensions of the container. 4.24.3 Contractor is to take all trash, rubbish, green waste to an approved county dump or landfill for disposal at no cost to the OC San. 4.24.4 The Contractor shall not use OC San dumpsters for the disposal of any waste. 4.25 MATERIALS / EQUIPMENT 4.25.1 The purchase of all materials / equipment to provide these needed services is the responsibility of the Contractor. 4.26 RESTRICTIONS – EQUIPMENT: 4.26.1 Riding mowers – are permitted at Plant 1 and Plant 2 only. 4.26.2 Gasoline blowers - will not be allowed around the OC San Headquarter entry ways, Administration Building, in the process areas, or near any air intake. 4.26.3 Push brooms or electric (battery) blowers/vacuums – are to replace gasoline blowers at Plant 1 Headquarter entry ways, Administration, in the process areas, or near any air intake. EXHIBIT A Page 11 of 14 Specification No. S-2024-640BD 4.27 MANAGEMENT –STAFFING and GROUNDS / LANDSCAPE PERSONNEL 4.27.1 Contractor shall assign enough employees to perform the required work. 4.27.2 Contractor shall provide a Supervisor/ Foreman. OC San must have access to this person during all hours, 365 days per year. Contractor shall provide a telephone number where this person can be reached on a twenty-four (24) hour per day basis. This Supervisor/ Foreman shall be able to communicate in English both orally and in writing and act as a central point of contact with OC San staff. This person shall have full authority to act on behalf of the Contractor on all contract matters relating to the Contractor’s personnel as well as the daily operation of this contract. This Supervisor/ Foreman shall always have a cell phone as well as an email address. This Supervisor/Foreman shall be knowledgeable in all aspects of landscape maintenance and shall demonstrate previous experience in landscape management for facilities similar in size and complexity. 4.27.3 Contractor shall designate one (1) employee as an on-site principal landscaper with full responsibility for directing the entire crew on his/her shift. Principal landscaper shall be authorized to act for Contractor in every detail and shall be knowledgeable in landscape maintenance as well as the current specifications and scope of work of this contract. This person shall be able to respond in English to OC San requests both verbally and in writing and communicate effectively with his/her employees as well as with OC San personnel. This person shall always have a cell phone and be available to be contacted by OC SAN. 4.27.4 Contractor shall notify OC San’s Contract Manager, or his/her representative immediately, in writing of any change in contract key personnel by submitting name, and effective date of employment or termination of that employee. 4.27.5 Contractor shall respond to inquiries/complaints from OC San Contract Manager within twenty-four (24) hours after receiving notice. 4.28 UNIFORMS / PERSONAL PROTECTIVE EQUIPMENT 4.28.1 Contractor employees assigned to OC San facilities shall wear an appropriate uniform at all times. Uniform to consist of a shirt with the company name on it and long pants. Uniforms shall be provided by and at Contractor's expense. 4.28.2 OC San shall furnish and require every on-duty employee to wear a visible photo identification badge, identifying employee by name and company. Such badge shall be displayed on employee's person at all times he/she is on OC San property. EXHIBIT A Page 12 of 14 Specification No. S-2024-640BD 4.28.3 Contractor shall wear OSHA compliant eye protection, safety protection shoes, and safety vest while performing work. Hard hat and multi-gas monitors are required while in the process area. 5 OC SAN FURNISHED ITEMS 5.1 OC San will provide storage facilities for Contractor’s use at Plant 1 for the sole purpose of storing equipment/materials required for the work required for this Contract. 5.2 Contractor is prohibited from use of storage facilities or any other OC San property for any other business interests that are not directly related to or required by this Contract. Hazardous waste shall not be stored on OC San property. 5.3 Contractor assumes all risks of loss and damage to materials and equipment stored. 6 HOURS OF WORK 6.1 Hours of work shall be between the hours of 6:00 a.m. to 4:00 p.m. Monday through Friday*, except on OC San observed holidays. 6.2 Any work performed outside of these conditions requires OC San Contract Manager approval. 6.3 The hours of operation prescribed may be subject to change by OC San. 7 EXTRA WORK 7.1 The OC San Contract Manager may authorize the Contractor to perform extra work, including, but not limited to, repairs and replacements when the need for such work arises out of extraordinary incidents such as vandalism, acts of God, and third-party negligence; or improvements to add new, modify or refurbish existing landscaped facilities. 7.2 If OC San determines that the labor for work resulting from vandalism, acts of God, or third-party negligence can be performed by Contractor’s present work force, OC San may modify the Contractor’s ongoing maintenance tasks to compensate Contractor for performing said work. 7.3 Prior to performing any extra work, the Contractor shall prepare and submit a written description of the work with a cost estimate of labor and materials for OC San approval; no work shall commence without prior written authorization. 7.4 When a condition exists where there is imminent danger of injury to the public or damage to property, Contractor shall immediately notify the OC San Contract Manager. A written estimate shall be submitted within twenty-four (24) hours for approval. EXHIBIT A Page 13 of 14 Specification No. S-2024-640BD 7.5 All work shall commence on the agreed specified date and Contractor should proceed diligently to complete said work within the time allotted. 7.6 OC San reserves the right to perform any extra work itself or assign the extra work to another Contractor. 8 PROJECT MANAGEMENT 8.1 MONTHLY MEETINGS – Contractor’s key personnel are required to attend a scheduled monthly meeting with OC San personnel to discuss past, present, and future needs/issues. 8.2 QUALITY CONTROL/INSPECTION - Contractor to provide management oversight and inspection of work performance as stipulated: 8.2.1 Review monthly, the work performed by Contractor’s staff at Headquarters, Plant 1, and Plant 2 to ensure the scope of work is being met. 8.2.2 Provide an Action Plan, including dates, to complete any tasks identified as not being complete during monthly meetings. 8.2.3 While Contractor is on site during OC San’s business hours, Contractor must be available to reply within 30 minutes to OC SAN issues or concerns. 9 DELIVERABLES 9.1 MAINTENANCE SCHEDULES 9.2 Contractor shall submit a work schedule for each facility and all pump stations to OC San within two (2) weeks prior to start of work for review and approval. Said work schedules shall be set on an annual calendar identifying the days and locations of the crew that is needed to complete all the ongoing required maintenance tasks. 9.3 If changes are needed, Contractor shall submit a revised work schedule three (3) business days prior to the new proposed schedule. 10 SAFETY, CHEMICAL USE & REPORTS 10.1 All employees shall be trained in their assigned tasks and in the safe handling of equipment and materials. All equipment shall be checked daily for safety. All employees must wear safety and protective gear according to OC San and OSHA standards. 10.2 A listing of proposed chemicals, and their SDS, including commercial name, application rate and type of usage shall be submitted to the OC San Contract EXHIBIT A Page 14 of 14 Specification No. S-2024-640BD Manager for approval at the start of work. No work shall begin until written approval of use is obtained from OC San. 10.3 All work involving the use of chemicals shall comply with all federal, state, and local laws and will be accomplished by or under the direction of a licensed California Qualified Applicator License. 10.4 All Chemicals containers shall be labeled in compliance with all federal, state, local, and DPR (California Department of Pesticide Regulations). 10.5 Hazardous waste will not be stored on OC San property. 10.6 All chemicals stored overnight on OC San property must be stored in an OSHA and OC San Safety Division approved storage container which will be furnished and maintained by the Contractor per OSHA requirements. 10.7 Contractor is required to possess a current valid California Qualified Applicator License (QAL). Ony those persons possessing a valid California QAL shall apply chemicals. Application shall be in strict accordance with all governing regulations. 10.8 Contractor shall use materials and equipment that is safe for the environment and safe for use by the employee. 10.9 Records of all operations stating dates, times, methods of applications, chemical formulations, applicator's names, and weather conditions shall be made and retained in an active file by Contractor. Said file shall be kept for a minimum of five (5) years from date of application. 10.10 All chemicals requiring a special permit for use must be registered with the County Agricultural Commissioner and a permit obtained with a copy provided to OC San. 10.11 All regulations and safety precautions are to be used. 10.12 Chemicals shall be applied when air currents are still; thus, preventing drift onto adjacent property and preventing any toxic exposure to persons whether or not they are in or near the area of application. 10.13 Contractor shall not dispose of any hazardous material(s) on site. All such materials collected must be disposed of in compliance with all applicable rules, laws, and/or regulations. Contractor will schedule the disposal of all hazardous material and accrue all costs associated with its proper disposal. APPENDIX A1 Specification No. S-2024-640BD APPENDIX A1 HEADQUARTERS LANDSCAPE For Landscape Maintenance Services Headquarters Building Bridge Ba n d i l i e r C i r c l e Pa c i f i c S t r e e t Ellis Avenue Trash Enclosure ± Revised: 8/1/2024 Headquarters Building Landscape Tree Planter Gravel or Dirt Blowing H:\dept\asd\250\Common\EIM\GIS\Projects\Maintenance\Landscaping Map Request\HeadquartersBldg_Landscaping 0 60 12030 Feet Approximate NOTE: The Headquarters building is a new building and the landscaping was recently completed in June 2024. APPENDIX A2 Specification No. S-2024-640BD APPENDIX A2 PLANT 1 LANDSCAPE For Landscape Maintenance Services \.: -+ -' "'-' :" I.. ~--+ ~ "'--. . ..,_ ., ,_ ~ ~ ... t. ~ + ::--- ,;_ -+ ., ~ .... OC ~SAN ORANGE COUNTY SANITATION DISTRICT Reclamation Plant No. 1 -Landscape 10844 Ellis Avenue, Fountain Valley, CA 92708 1111111111 111111111 111111111111111 mmnmm 1111111111111111111111111 1111111111111111111111 1111111111111 1111 11111111 11111111 11111111111 11111111111 11111111111111111 II Orange County Water District --11111110111111 J..lJ.W11 1111111 111111111111111 Ill Ill L ~1 J = ~~~~~AA C'41 ,..,.<il1i 1""31 ~ I(, 1/ m\l\ Ellis Avenue Bridge Bldg ?,..-_ ~---'} =Bldg8 ::"'"'"'.:=:;;::;z;:~:::;~~;~~;;~~~~~];.~;,;?~---::""',.~ Purchasing..:, = & Warehous~~:§ Bldg 4 Bldg 1 Bldg 3 ~~ -- =--Bldg 2 Bldg ~ Bldg A 1111111111 ~ Primary Clarifiers 6-30 Drying Beds Truck Wash Midway Lane 1111111111 I IIIIII Blower Bldg 2 Aeration Basins 11-16 SC27 . -...... .- .. .c .:A ] :-_-::; Cl) :_\_: -g SC 29 : ,-.. -. ti_ (/) a, -C: a, GWRS ::I SC 31 Screening LL SC 33 12KV SCE Service Substation Center ~ Fleet ~ Services =I= ~tffl!!'ve• 9i,""il ,,.,, mmm ftH PB 8 Primary Scrubbers TFPS PC4 PC 5 TF 1 TFC 2 TFC 1 Sludge/Scum PS Blower Bldg 1 PEPS-1 Aeration Basins 1-10 Secondar~ Clarifiers 1-26 • PC 1-2 D6 CenGen Gas Compressor D5 Truck Loading D7 Polymer Storage Thickening & Dewatering Bldg D8 Digesters D11 D1 3 D10 D9 0 125 Approximate 1111 Turf Planter N A 250 1111 Blowing Gravel/Dirt Area Structures 500 Feet Garfield Avenue NOTE: Landscaping on both sides of OC San's fenceline along Ellis Avenue, Ward Street and Garfield Avenue. Village Nursery Effluent Junction Box H :ldeptlasd\250\Com mon\E I MIG I S\Projects\Maintenance\Landsca ping Map Request\ T reatmentPla nt_ Landscaping Revision: 9/20/2023 DISCLAIMER: Map prepared by the Orange County Sanitation District. This map is intended for graphical representation only. No level of accuracy is claimed. Portions of this derived product contain geographical information copyrighted by Tom Tom®. All Rights Reserved. APPENDIX A3 Specification No. S-2024-640BD APPENDIX A3 PLANT 2 LANDSCAPE For Landscape Maintenance Services PC-H EPSAElectrical Secondary ClarifiersA-L PC-L SouthScrubbers DAFTs DC-K OOBS SurgeTower1 CentrifugeBldg CityWaterPS PC-Q OxygenFacility D-E TFPS FinalEffluentSampling D-R DiversionStructure TF-A D-L 12 0 - I n c h A b o v e G r o u n d P i p e MaintenanceBldg PrimaryMetering StandbyPower PEPS TFC-A PC-J PC-G TF-C D-D TFC-B PC-K PC-E DC-H D-M D-S TFC-E ConstructionMgmt TrailerComplex D-J D-T BoilerBldg PC-N DC-J ChemicalStorage D-F D-C SheriffRadioTower TruckLoading SurgeTower2 SolidsReactors PC-O TFC-C HeadworksScrubbers CenGen CartBarn InfluentPS D-I PC-F PC-P TFC-D PC-I D-K D-Q PrimaryFerric PC-D D-G TFC-F D-H OperationsCenter TF-B BarScreens Aeration BasinsA-H PC-M D-O DC-B Grit Basins D-P NorthScrubbers Warehouse D-N LoFloPS ContractorStorageTrailers ContractorTrailer OutfallUtility Box(fenced-inarea) ± Treatment Plant No. 2 – Landscape H:\dept\asd\250\Common\EIM\GIS\Projects\Maintenance\Landscaping Map Request\TreatmentPlant_Landscaping\TreatmentPlant_Landscaping 0 250 500125 Feet Approximate DISCLAIMER: Map prepared by the Orange CountySanitation District. This map is intended for graphicalrepresentation only. No level of accuracy is claimed.Portions of this derived product contain geographicalinformation copyrighted by TomTom®. All Rights Reserved. Ta l b e r t M a r s h Le v e e R o a d Sa n t a A n a R i v e r Morrison Avenue South Perimeter Road Area Under Construction 22212 Brookhurst Street, Huntington Beach, CA 92646 Landscape Area Turf Planter Blowing Gravel/Dirt Area Structures NOTE: Landscaping on both sides of OC San's fenceline along Brookhurst Street and Levee Road. Revision: 8/1/2024 SEFEPS SCESubstation TFC-C 12KVServiceCenter TFC-F SEFETank 1 SEFETank 2 ContractorTrailer Main Entrance Bro o k h u r s t S t r e e t Bayb r e e z e Dr Banning Entrance Bro o k h u r s t S t r e e t Bro o k h u r s t S t r e e t Bushard Entrance Pa c i f i c C o a s t H i g h w a y Eas t P e r i m e t e r R o a d Eas t P e r i m e t e r R o a d West P e r i m e t e r R o a d West P e r i m e t e r R o a d We s t P e r i m e t e r R o a d ± APPENDIX A4 Specification No. S-2024-640BD APPENDIX A4 PUMP STATION LANDSCAPE For Landscape Maintenance Services DISCLAIMER: Map prepared by the Orange County Sanitation District. This map is intended for graphical representation only. No level of accuracy is claimed. Portions of this derived product contain geographical information copyrighted by TomTom®. All Rights Reserved. College Pump Station 3198 College Ave Costa Mesa, CA 92626 NOTE: All scales are approximate. Photography from 2022. Revision: 7/05/2024 Rocky Point Pump Station Generator Bldg brick wall condensers transformer hillside private business gates sid e w a l k sid e w a l k retaining w a l l We s t C o a s t H w y qp qp qp qp qp Rocky Point Pump Station 1800 W Coast Hwy Newport Beach, CA 92663 Main St Pump Station 1499 Main St Irvine, CA 92714 [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [[ [ [ [ [[ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ Main St Pump Station transformers Generator Bldgtanks watershutoff cha i n l i n k f e n c e chainlinkgate chainlinkgate side w a l k Mai n S t r e e t Exe c u t i v e Circ l e John WayneAirportEmployeeParking Lot commercial bldgs parking lot College Pump Station entrancegate brickwall si d e w a l k Gisler Avenue Co l l e g e A v e n u e Garlingford Street nm nmtransformer privateresidence sidewalk 0 25 50 Feet Gravel or Dirt Blowing Planter Turf 0 5025 Feet 0 7537.5 Feet ± ± ± nmqp Tree Palm Pump Station Landscapes H:\dept\asd\250\Common\EIM\GIS\Projects\Maintenance\Landscaping Map Request\TreatmentPlant_Landscaping Page 1 of 2 Pump Station Landscapes H:\dept\asd\250\Common\EIM\GIS\Projects\Maintenance\Landscaping Map Request\TreatmentPlant_Landscaping DISCLAIMER: Map prepared by the Orange County Sanitation District. This map is intended for graphical representation only. No level of accuracy is claimed. Portions of this derived product contain geographical information copyrighted by TomTom®. All Rights Reserved. Westside Pump Station 3112 Yellowtail Dr Los Alamitos, CA 90720 NOTE: All scales are approximate. Photography from 2022. Revision: 7/05/2024 Slater Pump Station 7202 Slater Ave Huntington Beach, CA 92647 Slater Pump Stationtransformer entrancegate chainlink fence private businessparking lot private businessparking lot sidewalk Slater Avenue frontage street Fl o w e r L a n e DieselGenerator Transformer West Side PumpStation entrancegate brick w a l l watershutoff flood c h a n n e l sidewa l k Old Ra n c h P k w y Yellow t a i l D r i v e privateresidence privateresidence trees a n d palm t r e e s hangingwallplanters Gravel or Dirt Blowing Planter Turf 0 5025 Feet 0 5025 Feet Tree Palm Page 2 of 2 hangingwall planter ADMINISTRATION COMMITTEE Agenda Report Headquarters 18480 Bandilier Circle Fountain Valley, CA 92708 (714) 593-7433 File #:2025-4087 Agenda Date:2/12/2025 Agenda Item No:5. FROM:Robert Thompson, General Manager Originator: Jennifer Cabral, Director of Communications SUBJECT: LEGISLATIVE AFFAIRS UPDATE FOR THE MONTHS OF DECEMBER 2024 AND JANUARY 2025 GENERAL MANAGER'S RECOMMENDATION RECOMMENDATION: Recommend to the Board of Directors to: Receive and file the Legislative Affairs Update for the months of December 2024 and January 2025. BACKGROUND The Orange County Sanitation District’s (OC San)legislative affairs program includes advocating for OC San’s legislative interests;sponsoring legislation (where appropriate);and seeking local,state, and federal funding for projects and programs. RELEVANT STANDARDS ·Maintain influential legislative advocacy and a public outreach program ·Build brand, trust, and support with policy makers and community leaders ·Maintain collaborative and cooperative relationships with regulators,stakeholders,and neighboring communities PROBLEM Without a strong advocacy program,elected officials may not be aware of OC San’s mission, programs, and projects and how they could be impacted by proposed legislation. PROPOSED SOLUTION Continue to work with local,state,and federal officials to advocate for OC San’s legislative interests. Help to create and monitor legislation and grants that would benefit OC San,the wastewater industry, and the community.To assist in relationship building efforts,OC San will continue to reach out to elected officials through facility tours,one-on-one meetings,and trips to Washington D.C.and Sacramento. Orange County Sanitation District Printed on 2/4/2025Page 1 of 3 powered by Legistar™ File #:2025-4087 Agenda Date:2/12/2025 Agenda Item No:5. RAMIFICATIONS OF NOT TAKING ACTION If OC San does not work with Local,State,and Federal elected officials,legislation could be passed that negatively affects OC San and the wastewater industry.Additionally,a lack of engagement may result in missed funding opportunities. ADDITIONAL INFORMATION Per- and polyfluoroalkyl substances (PFAS): ·The EPA released its draft biosolids risk assessment for PFAS on January 14.The draft risk assessment focuses only on health risks to people living near sites where PFAS-containing biosolids have been applied (e.g.,farms,land disposal units),or those relying primarily on products from farms where PFAS-containing biosolids have been applied.The EPA specifically notes the draft risk assessment “does not model risks for the general public.”OC San staff,associations,and lobbyist are monitoring this issue and will be submitting public comments within the deadline EPA establishes. As of January 21,The Trump Administration has withdrawn the proposed Effluent Limitations Guidelines,which are national,technology-based regulations developed to control industrial wastewater discharges to surface waters and into publicly owned treatment works.OC San staff and lobbyist will continue to monitor this and all other future changes to EPA guidelines and regulations. ·To address contamination and treatment concerns of PFAS in wastewater,OC San has partnered with 374Water to build a six-ton-per-day demonstration project called AirSCWO Nix6.This process uses water at a high temperature and pressure to oxidize and break down complex compound materials like PFAS.Once treated,we expect that the compounds are transformed into more basic and benign compounds and ensure enhanced public health including exposure from water and air that would otherwise contain PFAS.Once operational (mid-2025),the AirSCWO Nix6 may provide opportunities to solve other challenges facing OC San and other clean water agencies throughout California. ·Additionally,OC San is conducting a Deep Well Injection Feasibility Study (PS24-01)as a method to dispose of slurry mixtures of treated,non-hazardous municipal sludge,brine and effluent.Deep well injection is a process that involves injecting treated or untreated fluid streams into geologic formations far below and separated from potable water aquifers by an impermeable confining layer. The goal of deep well injection is to: o Reduce/eliminate transport costs and carbon emissions o Lower treatment costs o Reduce greenhouse gas emissions o Provide long-term carbon sequestration o PFAS/microplastic/pharmaceuticals (creates a forever home) The study is slated for completion in summer 2025. Orange County Sanitation District Printed on 2/4/2025Page 2 of 3 powered by Legistar™ File #:2025-4087 Agenda Date:2/12/2025 Agenda Item No:5. ATTACHMENT The following attachment(s)may be viewed on-line at the OC San website (www.ocsan.gov)with the complete agenda package: ·Federal Legislative Update ·EPA Draft Risk Assessment ·State Legislative Update ·Local Legislative Update ·Presentation Orange County Sanitation District Printed on 2/4/2025Page 3 of 3 powered by Legistar™ 1 | P a g e TO: Orange County Sanitation District FROM: Eric Sapirstein Sarah Sapirstein DATE: January 23, 2025 SUBJECT: Federal Update This month started with the 119th Congress convening on January 3 and re-electing Speaker Mike Johnson (R-LA). Democratic Leader Hakeem Jefferies (D-NY) and his full leadership team, including Californian Pete Aguilar, were unanimously approved by the Democratic Caucus at the end of last year. In the Senate, leadership elections were a non-event as support for Majority Leader John Thune (R-SD) and Minority Leader Chuck Schumer (D- NY) was unanimous in both parties. OC San’s newest delegation Members, Representative Derek Tran and Representative Dave Min, were sworn into office on January 3. Additionally, the nomination process for President-elect Trump’s nominees continued, as Senate committees of jurisdiction held confirmation hearings. This included the Senate Committee on Environment and Public Works consideration of the nomination of Lee Zeldin to be U.S. Environmental Protection Agency Administrator. Finally, the U.S. Environmental Protection Agency published its Draft Biosolids Risk Assessment for Perfluorooctanoic Acid and Perfluorooctane Sulfonic Acid (PFAS). What’s Next For Congress After the 119th Congress convened, organization of the House and Senate by Republican and Democrat leadership took place. This also included committee assignments. Of note, Representative Jared Huffman (D-CA) prevailed in becoming the senior Democrat on the Committee on Natural Resources. The committee holds jurisdiction over western water policy, natural resources and alternative water supply, and conservation laws, including water recycling and groundwater policies. 2 | P a g e In the Senate, the parties’ leaders decided committee assignments during the past few weeks. For OC San, the key appointments involve newly elected Senator Adam Schiff. Schiff will join Senator Alex Padilla on the Senate Committee on Environment and Public Works, providing California with significant representation on the committee that holds jurisdiction over the clean water, water infrastructure, PFAS chemicals and other emerging contaminants, Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), and general climate policy. Schiff will also sit on the all-important Committees on Agriculture, and Judiciary. Senator Padilla will continue to sit on the Committee on Energy and Natural Resources that holds jurisdiction over western water, including water recycling, desalination, water conservation, and fossil and alternative energy laws. Padilla will also continue to serve on the Committee on the Budget, which has jurisdiction of developing the concurrent resolution on the budget, and provides the framework for congressional spending, revenue and debt-limit actions, as well as allows the committee to initiate and enforce the budget reconciliation process. He will assume the senior Democratic position on the Committee on Rules. Senate committees have begun considering Trump Administration nominations, holding confirmation hearings for key agency leadership nominees. Following the inauguration, we anticipate that the Senate committees will vote to report out the nominations to the Senate floor to allow for debate and final votes on the nominees. Despite the narrow majorities in both the House and Senate, legislative business is expected to be a sprint in the first few months of 2025. Central to this expectation is the potential use of a two-step budget reconciliation process that avoids protracted debate in the Senate due to the reliance on a simple majority vote and limited floor debate time in both chambers. The first reconciliation is expected to target immigration, border, clean energy and energy regulatory reforms. The second reconciliation is expected to address extension of the expiring tax cuts and will be drafted later in the year with the goal to finalize before late fall. However, President Trump has recently signaled that he prefers one reconciliation package that Congress would pass rather than the bifurcated approach advocated by the Senate Republican leadership. If this approach is relied upon, a target date of late April/ early May would be envisioned to complete legislative actions. The development of what would be a massive budget bill impacting both spending and federal program priorities would likely delay legislative action on other matters until later in the spring. Aside from reconciliation, the new Congress will face the challenge of completing action on legislation left unfinished last year. Specifically, finalizing the fiscal year 2025 spending bills before April. If this does not occur, automatic across-the-board cuts will be triggered that would impact defense and nondefense spending along with a final Continuing Resolution (CR). Mandatory spending cuts and the loss of congressionally directed funding requests are considered powerful incentives to reach a final agreement before the current CR expires on March 14. 3 | P a g e Draft Sewage Sludge Risk Assessment for PFOS and PFAS Released The U.S. Environmental Protection Agency (USEPA) published its Draft Biosolids Risk Assessment for PFAS (see attachment). The draft risk assessment will be open for public comment for 60-days. Comments must be submitted to the Agency on or before March 17, 2025. OC San staff, associations, and lobbyist are monitoring this issue and will be submitting public comments within the deadline EPA establishes. The purpose of the risk assessment is to provide an understanding of the potential impacts of PFAS contamination in biosolids and inform future regulatory actions under the Clean Water Act. It does not represent a new regulation or enforcement authority. Importantly, the draft’s analysis and findings are limited in scope, as it only focuses on the impacts to those residing on or near impacted sites or those who rely upon drinking water, food, and animal products from these sites. It also does not model risks to the general public or to the general food supply. Senate Committee Considers USEPA Administrator Nominee The Senate Committee on Environment and Public Works considered the nomination of Lee Zeldin to be the Administrator of USEPA this month, marking the next phase of the federal nominations process. The hearing reaffirmed the conventional wisdom that Zeldin’s nomination will smoothly advance through the Senate. Importantly for OC San’s priorities, the questions about how Zeldin, as USEPA Administrator, would handle the issue of PFAS contamination and CERCLA PFAS liability for passive receivers if he is confirmed. Specifically, Senator Cynthia Lummis (R-WY) questioned Zeldin on how he would address passive receiver liability if confirmed. Lummis cited the example of municipal water utilities’ vulnerabilities to third-party lawsuits that could result in local governments going bankrupt and or increases in utility bills for ratepayers. In his response, Zeldin explained he heard the passive receiver liability concern on a bipartisan basis during meetings with committee membership ahead of the hearing. He also noted the relevance of this issue because of local experience in his New York district with third-party litigation. The hearing’s discussion signals the continued interest within the committee to address the issue of passive receiver CERCLA liability in the 119th Congress. 3859 Federal Register /Vol. 90, No. 9/Wednesday, January 15, 2025/Notices 2022.pdf. USEPA. 2022d. Learn about Cyanobacteria and Cyanotoxins. https://www.epa.gov/ cyanohabs/learn-about-cyanobacteria- and-cyanotoxins. Accessed September 8, 2022. USEPA. 2022e. National Lakes Assessment 2017 Web Report. https://www.epa.gov/ national-aquatic-resource-surveys/ reports-and-data-national-lakes- assessment-2017. USEPA. 2022f. Restricted Use Product Summary Report (October 31, 2022). https://www.epa.gov/system/files/ documents/2022-11/RUP-Report-10-31- 2022.pdf. USEPA. 2023a. Ethoprop. Updated Occupational and Non-Occupational Spray Drift Assessment for Registration Review. February 17, 2023, memo from Office of Chemical Safety and Pollution Prevention, Office of Pesticide Programs. https://www.regulations.gov/document/ EPA-HQ-OPP-2008-0560-0058. USEPA. 2023b. Entry for ‘‘Chronic Exposure’’ in the Integrated Risk Information System (IRIS) Glossary. https:// www.epa.gov/iris/iris-glossary. USEPA. 2023c. Pesticide Product and Label System Database. https:// ordspub.epa.gov/ords/pesticides/ f?p=PPLS:1. USEPA. 2023d. Pesticide Chemical Search for tebuconazole: https:// ordspub.epa.gov/ords/pesticides/ f?p=CHEMICALSEARCH:3::::21, 3,31,7,12,25:P3_XCHEMICAL_ID:3984. USEPA. 2024a. PFAS National Primary Drinking Water Regulation: Final Rule. Federal Register, 89(82): 32532, April 26, 2024. https://www.govinfo.gov/ content/pkg/FR-2024-04-26/pdf/2024- 07773.pdf. USEPA. 2024b. Regulatory Determination 5 Support Document. EPA 815–B–24–017. USEPA. 2024c. Occurrence Data from the Fourth Unregulated Contaminant Monitoring Rule (UCMR 4). EPA 815–B– 24–016. United States Geological Survey (USGS). 2023. Estimated Annual Agricultural Pesticide Use. https://water.usgs.gov/ nawqa/pnsp/usage/maps/index.php. Last updated June 14, 2023. Water Quality Portal (WQP). 2023. Water Quality Portal Data Warehouse. https:// www.waterqualitydata.us/. Data Warehouse consulted September 2023. Weisburger, E.K., A.B. Russfield, F. Homburger, F., J.H. Weisburger, E. Boger, C.G. Van Dongen, and K.C. Chu. 1978. Testing of Twenty-One Environmental Aromatic Amines or Derivatives for Long-Term Toxicity or Carcinogenicity. Journal of Environmental Pathology and Toxicology, 2(2): 325–356. https:// doi.org/10.1097/00043764-197911000- 00017. WHO. 2011. Molybdenum in Drinking-Water. Background Document for Development of WHO Guidelines for Drinking-Water Quality. WHO/SDE/WSH/03.04/11/Rev/ 1.https://cdn.who.int/media/docs/ default-source/wash-documents/wash- chemicals/molybdenum.pdf?sfvrsn= d01920eb_4. WHO. 2020a. Cyanobacterial Toxins: Cylindrospermopsins. Background Document for Development of WHO Guidelines for Drinking-Water Quality and Guidelines for Safe Recreational Water Environments. WHO/HEP/ECH/ WSH/2020.4. https://apps.who.int/iris/ bitstream/handle/10665/338063/WHO- HEP-ECH-WSH-2020.4-eng.pdf. WHO. 2020b. Cyanobacterial Toxins: Microcystins. Background Document for Development of WHO Guidelines for Drinking-Water Quality and Guidelines for Safe Recreational Water Environments. WHO/HEP/ECH/WSH/ 2020.6. https://cdn.who.int/media/docs/default- source/wash-documents/wash- chemicals/microcystins-background- 201223.pdf. WHO. 2021. Manganese in Drinking-Water. Background Document for Development of WHO Guidelines for Drinking-Water Quality. WHO/HEP/ECH/WSH/2021.5. https://iris.who.int/bitstream/handle/ 10665/350933/WHO-HEP-ECH-WSH- 2021.5-eng.pdf. Wolansky, M.J., C. Gennings, K.M. Crofton. 2006. Relative Potencies for Acute Effects of Pyrethroids on Motor Function in Rats. Toxicological Sciences, 89(1): 271–277. https://doi.org/10.1093/toxsci/ kfj020. Wong, M.Y., S.D. Rathod, R. Marino, L. Li, R.W. Howarth, A. Alastuey, et al. 2021. Anthropogenic Perturbations to the Atmospheric Molybdenum Cycle. Global Biogeochemical Cycles, 35(2): e2020GB006787. https://doi.org/10.1029/ 2020GB006787. Jane Nishida, Acting Administrator. [FR Doc. 2025–00133 Filed 1–14–25; 8:45 am] BILLING CODE 6560–50–P ENVIRONMENTAL PROTECTION AGENCY [EPA–HQ–OW–2024–0504; FRL 12451–01– OW] Draft Sewage Sludge Risk Assessment for Perfluorooctanoic Acid (PFOA) and Perfluorooctane Sulfonic Acid (PFOS) AGENCY: Environmental Protection Agency (EPA). ACTION: Notice of availability. SUMMARY: As part of the Environmental Protection Agency’s (EPA’s) commitment to safeguarding the environment from per- and polyfluoroalkyl substances (PFAS), the agency is announcing the availability of the ‘‘Draft Sewage Sludge Risk Assessment for Perfluorooctanoic Acid (PFOA) and Perfluorooctane Sulfonic Acid (PFOS)’’ for a 60-day public comment period. This draft risk assessment reflects the agency’s latest scientific understanding of the potential risks to human health and the environment posed by the presence of PFOA and PFOS in sewage sludge that is land applied as a soil conditioner or fertilizer (on agricultural, forested, and other lands), surface disposed, or incinerated. The draft risk assessment focuses on those living on or near impacted sites or those that rely primarily on their products (e.g., food crops, animal products, drinking water); the draft risk assessment does not model risks for the general public. This draft risk assessment underwent independent external peer review, and the EPA revised the document accordingly. Once finalized, the risk assessment will provide information on risk from use or disposal of sewage sludge and will inform the EPA’s potential future regulatory actions under the Clean Water Act (CWA). DATES: Comments must be received on or before March 17, 2025. ADDRESSES: The EPA has established a docket for the ‘‘Draft Sewage Sludge Risk Assessment for Perfluorooctanoic Acid (PFOA) and Perfluorooctane Sulfonic Acid (PFOS)’’ action under Docket ID No EPA–HQ–OW–2024–0504. You may send comments, identified by Docket ID No. EPA–HQ–OW–2024– 0504, by any of the following methods: •Federal eRulemaking Portal: https://www.regulations.gov/ (our preferred method). Follow the online instructions for submitting comments. •Mail: U.S. Environmental Protection Agency, EPA Docket Center, Office of Water Docket, Mail Code 28221T, 1200 Pennsylvania Avenue NW, Washington, DC 20460. •Hand Delivery or Courier: EPA Docket Center, WJC West Building, Room 3334, 1301 Constitution Avenue NW, Washington, DC 20004. The Docket Center’s hours of operations are 8:30 a.m. to 4:30 p.m., Monday through Friday (except Federal Holidays). Instructions: All submissions received must include the Docket ID No. for this rulemaking. Comments received may be posted without change to https:// www.regulations.gov/, including any personal information provided. For detailed instructions on sending comments and additional information on the rulemaking process, see the ‘‘Public Participation—Written comments’’ heading of the SUPPLEMENTARY INFORMATION section of this document. FOR FURTHER INFORMATION CONTACT: David Tobias, Health and Ecological Criteria Division, Office of Science and Technology, Office of Water, Environmental Protection Agency; email address: biosolidsprogram@epa.gov. VerDate Sep<11>2014 18:37 Jan 14, 2025 Jkt 265001 PO 00000 Frm 00073 Fmt 4703 Sfmt 4703 E:\FR\FM\15JAN1.SGM 15JAN1lo t t e r o n D S K 1 1 X Q N 2 3 P R O D w i t h N O T I C E S 1 3860 Federal Register /Vol. 90, No. 9/Wednesday, January 15, 2025/Notices 1An additional 1 percent of sewage sludge is disposed of using other management practices (e.g., deep-well injection). SUPPLEMENTARY INFORMATION: This notice of availability is organized as follows: I. Public Participation—Written Comments II. Background A. Clean Water Act Authorities B. What is the purpose of this action? C. What is sewage sludge? D. What are PFOA and PFOS? E. What are the potential sources of PFOA and PFOS to sewage sludge? F. What is a risk assessment? III. Description and Preliminary Findings of the EPA’s Draft Risk Assessment A. Scope of the Draft Risk Assessment B. Modeling Approaches C. Preliminary Findings of the Central Tendency Modeling IV. Next Steps A. Risk Reduction B. Related Actions C. Final Risk Assessment and Potential Future Actions I. Public Participation—Written Comments The EPA is seeking comments, particularly on scientific and technical issues, on its ‘‘Draft Sewage Sludge Risk Assessment for Perfluorooctanoic Acid (PFOA) and Perfluorooctane Sulfonic Acid (PFOS).’’ Submit your comments, identified by Docket ID No. EPA–HQ– OW–2024–0504, on the draft sewage sludge risk assessment at https:// www.regulations.gov (our preferred method), or the other methods identified in the ADDRESSES section. Once submitted, comments cannot be edited or removed from the docket. The EPA may publish any comment received to its public docket. Do not submit any information you consider to be Confidential Business Information (CBI) or other information whose disclosure is restricted by statute. Multimedia submissions (audio, video, etc.) must be accompanied by a written comment. The written comment is considered the official comment and should include discussion of all points you wish to make. The EPA will generally not consider comments or comment contents located outside of the primary submission (i.e., on the web, cloud, or other file sharing system). For the full EPA public comment policy, information about CBI or multimedia submissions, and general guidance on making effective comments, please visit https://www.epa.gov/dockets/ commenting-epa-dockets. II. Background A. Clean Water Act Authorities Consistent with CWA section 405(d)(2), 33 U.S.C. 1345(d)(2), the EPA periodically reviews its existing regulations for the purpose of identifying additional toxic pollutants that may be present in sewage sludge and assesses whether those pollutants may adversely affect public health or the environment based on their toxicity, persistence, concentration, mobility, and potential for exposure. In December 2022, the EPA completed its latest review of the sewage sludge regulations as published in the EPA’s Biennial Review of 40 CFR part 503 To Fulfill Clean Water Act Section 405(d)(2)(C), Biosolids Biennial Report No. 9 (see https://www.epa.gov/biosolids/biennial- report-no-9-reporting-period-2020- 2021). This notice of availability for the draft risk assessment is in accordance with CWA section 405(g)(1), 33 U.S.C. 1345(g)(1), which authorizes the EPA to conduct scientific studies and provide public information to promote the safe and beneficial management or use of sewage sludge. B. What is the purpose of this action? The purpose of this action is to request public comments, particularly regarding scientific and technical aspects, on the EPA’s ‘‘Draft Sewage Sludge Risk Assessment for Perfluorooctanoic Acid (PFOA) and Perfluorooctane Sulfonic Acid (PFOS).’’ The EPA is most interested in receiving comments regarding the draft risk assessment modeling (e.g., the scenarios, sewage sludge application rates, environmental fate and transport parameters, human exposure assumptions). The draft risk assessment reflects the agency’s latest scientific understanding of the risks to human health and the environment posed by the presence of PFOA and PFOS in sewage sludge that is land applied as a soil conditioner or fertilizer (on agricultural, forested, and other lands), surface disposed (e.g., placed in a sewage sludge-only landfill called a monofill), or incinerated. The draft risk assessment focuses on those living on or near impacted properties where sewage sludge has been used or disposed. The intent of the draft risk assessment is to evaluate whether there may be risks to human health or the environment for the wide range of possible sewage sludge use and disposal scenarios. Not all the scenarios described in the draft risk assessment may be common practice or applicable to the general public. The EPA uses sewage sludge risk assessments to help evaluate whether risk reduction actions, including regulation, are warranted to protect those who may experience elevated risks from sewage sludge use or disposal. The draft risk assessment reflects external peer review and incorporates revisions from the peer review process. The EPA will consider public comments and prepare a final risk assessment for publication. The EPA will announce the availability of the final risk assessment in the Federal Register. C. What is sewage sludge? When domestic sewage is transported and conveyed to a wastewater treatment plant (WWTP), it is treated to separate liquids from the solids, which produces a semi-solid, nutrient-rich product known as sewage sludge. In some instances, industrial wastewater is also conveyed to a WWTP and combined with domestic sewage. The terms ‘‘biosolids’’ and ‘‘sewage sludge’’ are often used interchangeably by the public; however, the EPA typically uses the term ‘‘biosolids’’ to mean sewage sludge that has been treated to meet the requirements in the EPA’s regulation entitled, ‘‘Standards for the Use or Disposal of Sewage Sludge,’’ promulgated at 40 CFR part 503, and intended to be applied to land as a soil conditioner or fertilizer. In the U.S., there are generally three options for use or disposal of sewage sludge. Based on available data, (1) approximately 56 percent of the nation’s sewage sludge is land applied as a soil conditioner or fertilizer (roughly 31 percent is applied to agricultural land and 25 percent is applied to other lands, such as reclamation sites, home lawns and gardens, or golf courses), (2) approximately 27 percent is disposed of in a sewage sludge monofill or municipal solid waste (MSW) landfill, and (3) approximately 16 percent is incinerated.1 Land application of sewage sludge can have environmental benefits including improved soil health, carbon sequestration, and reduced demand on non-renewable resources like phosphorus. Land application also generates reduced emissions of greenhouse gases compared to other management practices. D. What are PFOA and PFOS? PFOA and PFOS are two chemicals in a large class of synthetic chemicals called PFAS. PFOA and PFOS persist in the environment for long periods of time and have been linked to a variety of adverse human health effects. In 2024, the EPA classified both PFOA and PFOS as likely to be carcinogenic to humans and concluded that these chemicals are also likely to cause a range of non- cancer effects in humans, including hepatic, immunological, cardiovascular, and developmental effects, depending VerDate Sep<11>2014 18:37 Jan 14, 2025 Jkt 265001 PO 00000 Frm 00074 Fmt 4703 Sfmt 4703 E:\FR\FM\15JAN1.SGM 15JAN1lo t t e r o n D S K 1 1 X Q N 2 3 P R O D w i t h N O T I C E S 1 3861 Federal Register /Vol. 90, No. 9/Wednesday, January 15, 2025/Notices 2The EPA acknowledges that the majority of food crops grown in the United States do not use sewage sludge as a soil conditioner or fertilizer and some states have restricted the land application of sewage sludge to food crops. However, this practice is not consistent across all states. Furthermore, because of the extreme persistence of PFOA and PFOS in soils, a property with previous sewage sludge land application that has been repurposed as a food or feed crop farm could still have multiple relevant human exposure pathways. on exposure conditions (see the EPA’s Final Human Health Toxicity Assessment for Perfluorooctanoic Acid (PFOA) and Related Salts, available at: https://www.epa.gov/sdwa/human- health-toxicity-assessment- perfluorooctanoic-acid-pfoa, and Final Human Health Toxicity Assessment for Perfluorooctane Sulfonic Acid (PFOS) and Related Salts, available at: https:// www.epa.gov/sdwa/human-health- toxicity-assessment-perfluorooctane- sulfonic-acid-pfos). PFAS have been manufactured and used by a broad range of industries since the 1940s, and there are estimated to be thousands of PFAS present in the global marketplace that are used in many consumer, commercial, and industrial products. PFOA and PFOS have been widely studied, and they were once high production volume chemicals within the PFAS chemical class. PFAS manufacturers voluntarily phased out domestic manufacturing of PFOS by 2002 and of PFOA by 2015, and the EPA restricted their uses by Significant New Use Rules (SNURs) issued under section 5(a)(2) of the Toxic Substances Control Act (TSCA), 15 U.S.C. 2604(a)(2) (see https:// www.epa.gov/assessing-and-managing- chemicals-under-tsca/risk-management- and-polyfluoroalkyl-substances-pfas). E. What are the potential sources of PFOA and PFOS to sewage sludge? Although domestic manufacturing of PFOA and PFOS have been phased out and their uses restricted, multiple activities still result in PFOA, PFOS, and their precursors being released to WWTPs. Current and historical activities include industrial releases (e.g., aqueous film-forming foam, pulp and paper plants), commercial releases (e.g., car washes, industrial launderers), and down-the-drain releases from homes (e.g., use of consumer products like after-market water resistant sprays, ski wax, floor finishes, and laundering of stain or water-resistant textiles with PFOA or PFOS coatings) (see the Preliminary Effluent Guidelines Program Plan 16, available at https:// www.epa.gov/eg/preliminary-effluent- guidelines-program-plan, and the Multi- Industry Per- and Polyfluoroalkyl Substances (PFAS) Study—2021 Preliminary Report, available at https:// www.epa.gov/system/files/documents/ 2021-09/multi-industry-pfas-study_ preliminary-2021-report_508_ 2021.09.08.pdf). If products containing PFOA or PFOS are disposed of at a lined MSW landfill, because the most common off-site management practice for landfill leachate is to transfer it to a WWTP, then that landfill’s leachate could be a source of PFOA and PFOS to a WWTP. At different WWTPs across the country, any of these release mechanisms may play a role in PFOA or PFOS entering the plant and contaminating the sewage sludge. Statewide surveys have found PFOA and PFOS in sewage sludge originating from industrial and non-industrial sources that are discharging to WWTPs. Traditional wastewater treatment technology does not remove or destroy PFOA or PFOS, and these chemicals typically accumulate in the sewage sludge. Appropriate pretreatment solutions at industrial dischargers exist, are cost-effective, and have been shown to be effective in reducing high concentrations of PFOA and PFOS; however, studies have found that PFOA and PFOS are consistently detected at varying levels in sewage sludge even at WWTPs that do not receive wastewater from industrial users of the chemicals (i.e., they only receive wastewater from residential and commercial users). F. What is a risk assessment? Risk assessment is a scientific process that is used to characterize the nature and magnitude of health risks to humans (i.e., children and adults) and ecological receptors (i.e., aquatic and terrestrial plants and wildlife) from pollutants (see https://www.epa.gov/ risk/about-risk-assessment#whatisrisk). An environmental risk assessment considers three primary factors: (1) presence (i.e., how much of a pollutant is present in the environment), (2) exposure (i.e., how much contact humans or wildlife have with the pollutant), and (3) the toxicity of the pollutant (i.e., the health effects the pollutant causes in humans or wildlife). The concentration of pollutants found in sewage sludge varies across space and time, depending on industrial and other inputs to individual WWTPs. The presence of a pollutant in sewage sludge alone does not necessarily mean that there is risk to human health or the environment from its use or disposal. The EPA estimates potential exposures to humans and environmental receptors by modeling the fate and transport of a pollutant through the environment, taking into account different environmental conditions and exposure scenarios, and then estimates risk by comparing those potential exposures to toxicity values. III. Description and Preliminary Findings of the EPA’s Draft Risk Assessment A. Scope of the Draft Risk Assessment The EPA’s draft risk assessment describes the potential human health and environmental risks associated with land application, surface disposal, and incineration of sewage sludge containing PFOA or PFOS, which are the use and disposal practices regulated under CWA section 405(d) and the EPA’s accompanying regulation at 40 CFR part 503, Standards for the Use or Disposal of Sewage Sludge. The draft risk assessment does not assess human health or environmental risks associated with sewage sludge disposal in MSW landfills, a common management practice for disposal of sewage sludge, because that practice is regulated under the Resource Conservation and Recovery Act (RCRA) and the EPA’s accompanying regulations at 40 CFR part 258, Criteria for Municipal Solid Waste Landfills. The draft risk assessment is scoped to model risks to human populations because available data indicate that humans are more sensitive to PFOA and PFOS exposures than aquatic or terrestrial wildlife or livestock. For the land application scenarios, the EPA modeled potential PFOA and PFOS exposures and estimated human health risks to those living on or near impacted properties under three hypothetical scenarios: (1) application to a farm raising dairy cows, beef cattle, or chickens (pasture farm scenario), (2) application to a farm growing fruits or vegetables (food crop farm scenario),2 and (3) application to reclaim damaged soils such as an overgrazed pasture (reclamation scenario). For the surface disposal scenarios, the EPA modeled potential PFOA or PFOS exposures via groundwater to those living near a lined or unlined surface disposal site (e.g., sewage sludge monofill). For the incineration scenario, the EPA provides a qualitative description of the potential risks to communities living near a sewage sludge incinerator (SSI). The draft risk assessment does not provide quantitative risk estimates for the incineration scenario due to significant data gaps related to the extent to which VerDate Sep<11>2014 18:37 Jan 14, 2025 Jkt 265001 PO 00000 Frm 00075 Fmt 4703 Sfmt 4703 E:\FR\FM\15JAN1.SGM 15JAN1lo t t e r o n D S K 1 1 X Q N 2 3 P R O D w i t h N O T I C E S 1 3862 Federal Register /Vol. 90, No. 9/Wednesday, January 15, 2025/Notices 3Based on currently available information, sewage sludge incinerators may not operate at high enough temperatures and long enough residence times to fully destroy PFOA and PFOS in sewage sludge (see the Interim Guidance on the Destruction and Disposal of Perfluoroalkyl and Polyfluoroalkyl Substances and Materials Containing Perfluoroalkyl and Polyfluoroalkyl Substances—Version 2 (2024), available at: https://www.epa.gov/pfas/interim- guidance-destruction-and-disposal-pfas-and- materials-containing-pfas). 4The risk threshold for non-cancer human health effects is a hazard quotient equal to one, i.e., when the exposure is equal to the reference dose (RfD). The threshold for cancer effects is a lifetime excess cancer risk of 1 × 10¥6, i.e., when the lifetime average daily dose results in one extra cancer case per million people above the background cancer incidence. 5Though EPA Method 1633 recommends that laboratories develop their own limit of quantification (LOQ) and method detection limit (MDL) when measuring PFAS in sewage sludge, most laboratories running this method achieve LOQs and MDLs of 1 ppb or lower for PFOA and PFOS (see https://www.epa.gov/cwa-methods/cwa- analytical-methods-and-polyfluorinated-alkyl- substances-pfas). incineration in an SSI destroys PFOA and PFOS and the health effects of exposure to products of incomplete combustion.3 B. Modeling Approaches The EPA first performed a screening- level risk analysis for PFOA and PFOS in sewage sludge using a high-end deterministic exposure model for a hypothetical farm. This screening approach assumed high starting concentrations of PFOA and PFOS in sewage sludge (approximating a 95th percentile concentration based on available data), high-end consumption rates for each exposure pathway (e.g., 90th percentile consumption rates for drinking water intake, milk consumption), and other high-end factors. The high-end screening model resulted in risks exceeding the EPA’s acceptable thresholds for every individual human exposure pathway (e.g., drinking water, consumption of fish, milk, beef, vegetables). Given that the risk estimates greatly exceeded the agency’s acceptable thresholds in the screening-level assessment, the EPA next moved on to a refined risk assessment. In this assessment, the EPA refined the modeling approach and assessed risks under median (i.e., central tendency, 50th percentile), rather than high-end exposure conditions, to better understand the potential scope and magnitude of risks under different use and disposal scenarios. To complete the central tendency deterministic modeling steps of the refined risk assessment, the EPA (1) identified available fate and transport models to select the best models for assessing PFOA and PFOS, and (2) parameterized the models with inputs and exposure factors to reflect median U.S. conditions and consumption behaviors. For example, when calculating risks from egg consumption in the central tendency approach, the model assumes that an adult living on a farm consumes, on average, 1 egg per day from the impacted property for ten years, which represents the median egg consumption rate reported in the EPA’s Exposure Factors Handbook for households who farm (see https://www.epa.gov/expobox/ about-exposure-factors-handbook, Table 13–40). The model further assumes that when the adult lives on the impacted farm, they have no sources of PFOA or PFOS exposure other than the contaminated eggs and that for the remainder of the adult’s life, they have no exposure to PFOA or PFOS through any pathway. C. Preliminary Findings of the Central Tendency Modeling The findings summarized here and presented in the draft risk assessment are preliminary. The EPA expects to publish a final risk assessment after reviewing public comments and revising the draft risk assessment accordingly. Based on the modeling results of the refined risk assessment for the central tendency (median) exposure scenarios, the EPA has found that draft risk estimates exceed the agency’s acceptable human health risk thresholds4 for some pasture farm, food crop farm, and reclamation scenarios when assuming that the land-applied sewage sludge contains 1 part per billion (ppb)5 of PFOA or PFOS. The EPA also finds that there are human health risks associated with drinking contaminated groundwater sourced near a surface disposal site when sewage sludge containing 1 ppb of PFOA or sewage sludge containing 4 to 5 ppb of PFOS is disposed in an unlined or clay- lined surface disposal unit. Not all farms or disposal sites where sewage sludge containing PFOA or PFOS have been used or disposed of are expected to pose a risk to human health. For example, human health risks are expected to be lower when sewage sludge is applied to areas with protected groundwater, sites that are distant from surface waters used for fishing or as a drinking water source, and when applied to non-food crops, such as grain, fuel, or fiber crops. However, the EPA’s modeling results from the draft risk assessment suggest that under certain scenarios and conditions, land- applying or disposing of sewage sludge containing a detectable level (i.e., 1 ppb or more) of PFOA or PFOS could result in human health risks exceeding the agency’s acceptable thresholds for cancer and non-cancer effects. At this low level (1 ppb) of PFOA or PFOS in sewage sludge, the EPA modeled land application scenarios for either a single application at a rate of 50 dry metric tons (dmt) per hectare (reclamation scenario) or 40 annual applications at a rate of 10 dmt per hectare (approximately the median application rate of U.S. sewage sludge; used for pasture and food crop farm scenarios). Each of these modeled scenarios resulted in exceedances of risk thresholds for several exposure pathways (e.g., consumption of drinking water, fish, beef, milk, eggs, certain fruits and vegetables). The EPA’s modeling indicates that, for a subset of the modeled scenarios and pathways, there may be potential risks exceeding acceptable levels following a single application of sewage sludge contaminated with 1 ppb of PFOA or PFOS, applied at a rate of 10 dmt per hectare (median rate). The presence and magnitude of human health risks from sewage sludge use and disposal to those living on or near impacted properties or primarily relying on their products is expected to vary across regions and among properties depending on the concentration of PFOA and PFOS in sewage sludge; the number of land applications; the volume of sewage sludge land applied; the climate, geology, and hydrology at the use or disposal site; agronomic practices; human behavioral patterns (e.g., drinking water ingestion rates, consumption rate of impacted products); and many other site-specific factors. Draft risk estimates for the modeled scenarios are presented in the risk assessment as cancer risk levels and hazard quotients (HQs). Cancer risk levels represent the number of expected excess lifetime cancer cases due to exposure to the carcinogenic pollutant in a given population size. For example, a cancer risk level of 1 in 1,000 indicates that lifetime exposure to the carcinogenic pollutant would be expected to cause one additional case of cancer for every one thousand people in the exposed population. Risk for non- cancer effects are expressed as HQs that represent the ratio of the potential exposure to a pollutant to the level below which adverse non-cancer effects are not expected. In other words, an HQ of less than 1 means adverse non-cancer health effects are unlikely and thus risk can be considered negligible; an HQ greater than 1 means adverse non-cancer VerDate Sep<11>2014 18:37 Jan 14, 2025 Jkt 265001 PO 00000 Frm 00076 Fmt 4703 Sfmt 4703 E:\FR\FM\15JAN1.SGM 15JAN1lo t t e r o n D S K 1 1 X Q N 2 3 P R O D w i t h N O T I C E S 1 3863 Federal Register /Vol. 90, No. 9/Wednesday, January 15, 2025/Notices effects are possible and thus risk is indicated. Modeling for land application scenarios suggests that, when the majority of the consumer’s dietary intake of a product comes from a property impacted by the land application of sewage sludge contaminated with PFOA or PFOS, the highest risk pathways include (1) drinking milk from pasture-raised cows consuming contaminated forage, soil, and water, (2) drinking water sourced from contaminated surface or groundwater on or adjacent to the impacted property, (3) eating fish from a lake impacted by runoff from the impacted property, and (4) eating beef or eggs from majority pasture-raised hens or cattle where the pasture has received impacted sewage sludge. The risk calculations assume each of these farm products (e.g., milk, beef, eggs) or drinking water consumed comes from the impacted property but does not combine risks from each of these products. The EPA did not estimate risk associated with occasionally consuming products or drinking water impacted by land application of contaminated sewage sludge nor foods that come from a variety of sources (e.g., milk from a grocery store that is sourced from many farms and mixed together before being bottled). Additionally, the majority of food produced in the U.S. is not grown on fields where sewage sludge is land applied. Risk estimates for the highest risk pathways can exceed the EPA’s acceptable thresholds by several orders of magnitude. For example, for the land application scenarios, cancer risk levels associated with drinking the modeled amount of contaminated milk (i.e., 32 ounces per day for adults) can exceed 1 in 1,000, and HQs for non-cancer effects associated with eating the modeled amount of contaminated fish (i.e., 1 to 2 servings per week for adults) can reach up to 45. For the food crop farm scenario, there are limited scientific studies available regarding the uptake of PFOA and PFOS from sewage sludge- amended soils into certain fruits and vegetables; however, the draft risk assessment suggests that cancer risks from consuming the modeled amount of these contaminated foods (e.g., 1 serving per day for adults for certain categories of fruits and vegetables) can exceed 1 in 100,000 for PFOA. Because the draft risk assessment indicates risks associated with individual exposure pathways, there may be potential risks to populations beyond the farm family (e.g., people living near a use or disposal site who use contaminated groundwater as a source of drinking water or people who primarily consume produce, dairy, or meat from a farm that has applied contaminated sewage sludge under the modeled conditions). For the surface disposal sites, there are no exceedances of the EPA’s risk thresholds for PFOA or PFOS in drinking water sourced from groundwater near composite-lined surface disposal sites. However, for unlined and clay-lined surface disposal sites, there can be exceedances of the risk thresholds for the drinking water pathway; for unlined sites, the cancer risk levels can exceed 1 in 1,000 and HQs are as high as 12; for clay-lined sites, the cancer risk levels can exceed 1 in 1,000 and HQs are up to 9. As mentioned above, the draft risk assessment does not include quantitative risk estimates for incineration due to data limitations. The draft risk calculations are not conservative estimates because they (1) model risks associated with sludge containing 1 ppb of PFOA or PFOS, which is on the low end of measured U.S. sewage sludge concentrations, (2) reflect median exposure conditions (e.g., 50th percentile drinking water intake rates) rather than high exposure conditions, (3) do not include non- sewage sludge exposures to PFOA or PFOS (e.g., consumer products, other dietary sources), (4) do not account for the combined risk of PFOA and PFOS together, and (5) do not account for exposures from the transformation of PFOA or PFOS precursors. As such, risk estimates that account for multiple dietary exposures (e.g., consuming impacted milk, water, and eggs), multiple sources of exposure (e.g., exposure to PFOA or PFOS-containing consumer products), or exposure to other PFAS would be greater than those presented in this draft risk assessment. Further, the EPA’s draft risk assessment relies on models where risks scale linearly with the starting concentration of PFOA or PFOS in sewage sludge. As such, sewage sludge containing ten times more PFOA or PFOS (i.e., 10 ppb) would yield risk estimates that are ten times greater than those presented in the draft risk assessment, assuming all other factors are constant. The EPA did not complete Monte Carlo probabilistic modeling because risks exceeding acceptable thresholds were identified in multiple scenarios and pathways in the central tendency deterministic modeling results. Further refinement of the draft risk assessment from the central tendency deterministic models to Monte Carlo probabilistic models would result in an increased risk finding because the EPA’s goal for a probabilistic assessment is to identify a high-end (e.g., 95th percentile) threshold protective of the impacted population (e.g., farm families), while a central tendency approach, which the EPA used in this case, models a person at the 50th percentile exposure level of the impacted population. Since risk is indicated under this central tendency scenario, Monte Carlo probabilistic modeling, which would examine the entire distribution of potential exposures to PFOA or PFOS and report the 95th percentile of the risk distribution, is not warranted at this time. For this reason, the EPA is focused on the central tendency modeling results and identifying actions that could be taken to mitigate risks. IV. Next Steps A. Risk Reduction The draft risk assessment indicates that there are potential risks to human health to those living on or near impacted properties or primarily relying on their products from land application and surface disposal of sewage sludge containing detectable levels of PFOA or PFOS. That risk is dependent on (1) the concentration of PFOA and PFOS in sewage sludge, (2) the specific type of management practice (e.g., type of farm or presence of a liner in a monofill), (3) the local environmental and geological conditions (e.g., climate and distance to groundwater), (4) the share of each product (e.g., food crop, drinking water) that is sourced exclusively from the impacted property, and other factors noted above. Risks are possible, though not quantified due to data limitations, from the incineration of PFOA and PFOS-containing sewage sludge. Site- specific factors should be considered when identifying risk mitigation and management practices to reduce human exposures associated with PFOA and PFOS in sewage sludge. Regardless of the management practice to use or dispose of sewage sludge, exposure and risk reduction is possible through pretreatment at industrial facilities discharging to a WWTP. By monitoring sewage sludge for PFOA and PFOS, WWTPs can identify likely discharges of PFOA and PFOS from industrial contributors, require pretreatment, and achieve significant reductions in PFOA and PFOS concentrations in their sewage sludge. In some state programs, WWTPs with industrial sources have achieved a 98 percent reduction in PFOS sewage sludge concentrations through industrial pretreatment initiatives. The EPA recommends that states, Tribes, and WWTPs monitor sewage sludge for PFAS contamination, identify likely VerDate Sep<11>2014 18:37 Jan 14, 2025 Jkt 265001 PO 00000 Frm 00077 Fmt 4703 Sfmt 4703 E:\FR\FM\15JAN1.SGM 15JAN1lo t t e r o n D S K 1 1 X Q N 2 3 P R O D w i t h N O T I C E S 1 3864 Federal Register /Vol. 90, No. 9/Wednesday, January 15, 2025/Notices industrial discharges of PFAS, and implement industrial pretreatment requirements, where appropriate. Doing so will help reduce downstream PFAS contamination and lower the concentration of PFOA and PFOS in sewage sludge (see Section C of the EPA’s December 2022 memorandum Addressing PFAS Discharges in NPDES Permits and Through the Pretreatment Program and Monitoring Programs, available at: https://www.epa.gov/ newsreleases/epa-issues-guidance- states-reduce-harmful-pfas-pollution). B. Related Actions The EPA is planning to conduct the next National Sewage Sludge Survey (NSSS) in collaboration with the publicly owned treatment works (POTW) Influent PFAS Study (see https://www.epa.gov/biosolids/sewage- sludge-surveys). This NSSS will focus on obtaining current national occurrence and concentration data on PFAS in sewage sludge. The data generated by the NSSS will help inform future risk assessments and risk management actions for sewage sludge. Additionally, the EPA continues to evaluate opportunities to limit PFAS discharges from multiple industrial categories through the Effluent Guidelines Program. The specific actions include revising the Organic Chemicals, Plastics, and Synthetic Fibers Effluent Limitations Guidelines (ELGs) to address wastewater discharge from PFAS manufacturing facilities; revising the Metal Finishing and Electroplating ELGs to address wastewater discharge from metal finishing and electroplating operations focusing on facilities using PFAS-based fume suppressants and wetting agents; and revising the Landfills ELGs to address PFAS discharges from landfill leachate. The upcoming POTW Influent PFAS Study will also help the agency prioritize industrial point source categories for future study and, as appropriate, ELGs (see https:// www.epa.gov/eg/study-pfas-influent- potws). C. Final Risk Assessment and Potential Future Actions After the public comment period has closed, the EPA will consider the comments received, revise the draft risk assessment as appropriate, and prepare a final risk assessment. The EPA will announce the availability of the final risk assessment in the Federal Register. If the final risk assessment indicates that there are risks above acceptable thresholds when using or disposing of sewage sludge, the EPA expects to propose a regulation under CWA section 405 to manage PFOA and/or PFOS in sewage sludge to protect public health and the environment. The EPA may also consider developing regulations under other statutory authorities to further reduce PFAS discharged to WWTPs. During the risk management deliberation process, the results of the final risk assessment may be integrated with other considerations, such as economic costs and treatment feasibility, to reach decisions regarding the need for and practicability of implementing various risk reduction activities. If the EPA proposes regulatory standards for PFOA and/or PFOS in sewage sludge, the public will have an opportunity to provide comment. Bruno Pigott, Principal Deputy Assistant Administrator. [FR Doc. 2025–00734 Filed 1–14–25; 8:45 am] BILLING CODE 6560–50–P FEDERAL COMMUNICATIONS COMMISSION [OMB 3060–0392; FR ID 272605] Information Collection Being Reviewed by the Federal Communications Commission Under Delegated Authority AGENCY: Federal Communications Commission. ACTION: Notice and request for comments. SUMMARY: As part of its continuing effort to reduce paperwork burdens, and as required by the Paperwork Reduction Act (PRA) of 1995, the Federal Communications Commission (FCC or the Commission) invites the general public and other Federal agencies to take this opportunity to comment on the following information collection. Comments are requested concerning: whether the proposed collection of information is necessary for the proper performance of the functions of the Commission, including whether the information shall have practical utility; the accuracy of the Commission’s burden estimate; ways to enhance the quality, utility, and clarity of the information collected; ways to minimize the burden of the collection of information on the respondents, including the use of automated collection techniques or other forms of information technology; and ways to further reduce the information collection burden on small business concerns with fewer than 25 employees. The FCC may not conduct or sponsor a collection of information unless it displays a currently valid control number. No person shall be subject to any penalty for failing to comply with a collection of information subject to the PRA that does not display a valid Office of Management and Budget (OMB) control number. DATES: Written PRA comments should be submitted on or before March 17, 2025. If you anticipate that you will be submitting comments, but find it difficult to do so within the period of time allowed by this notice, you should advise the contact listed below as soon as possible. ADDRESSES: Direct all PRA comments to Nicole Ongele, FCC, via email PRA@ fcc.gov and to nicole.ongele@fcc.gov. FOR FURTHER INFORMATION CONTACT: For additional information about the information collection, contact Nicole Ongele, (202) 418–2991. SUPPLEMENTARY INFORMATION: OMB Control Number: 3060–0392. Title: 47 CFR 1 Subpart J—Pole Attachment Complaint Procedures. Form Number: N/A. Type of Review: Extension of currently approved collection. Respondents: Businesses or other for- profit. Number of Respondents and Responses: 1,760 respondents; 1,760 responses. Estimated Time per Response: 0.50 hours (30 minutes)–75 hours. Frequency of Response: On occasion reporting requirements. Obligation to Respond: Required to obtain or retain benefits. Statutory authority for this information collection is contained in 47 U.S.C. 224. Total Annual Burden: 2,759 hours. Total Annual Cost: $15,000. Needs and Uses: Currently, OMB Collection No. 3060–0392, tracks the burdens associated with requests for access to a utility’s poles, notifications between utility pole owners and attachers needed for the shared use of utility poles, as well as the filing of complaints and petitions for stay against the actions of said utilities. The Commission will use the information collected to assess whether the petition or complaint can proceed as a docketed case. Federal Communications Commission. Marlene Dortch, Secretary, Office of the Secretary. [FR Doc. 2025–00645 Filed 1–14–25; 8:45 am] BILLING CODE 6712–01–P VerDate Sep<11>2014 18:37 Jan 14, 2025 Jkt 265001 PO 00000 Frm 00078 Fmt 4703 Sfmt 9990 E:\FR\FM\15JAN1.SGM 15JAN1lo t t e r o n D S K 1 1 X Q N 2 3 P R O D w i t h N O T I C E S 1 1 M E M O R A N D U M To: Orange County Sanitary District From: Townsend Public Affairs Date: January 23, 2025 Subject: January 2025 Legislative Monthly Report STATE UPDATES December marked the beginning of the 2025-26 legislative session with freshman and incumbent members being sworn in during the Organizational Session on December 2. Legislators hit the ground running introducing approximately 140 new bills, angling for committee membership, and building up their Capitol and District Office staff. Priorities have begun to emerge from both the Legislature and Governor’s office, setting the stage for another active year. Below is an overview of pertinent state actions from the month of December 2024 and into January 2025. State Budget Update Last week, the Legislature reconvened for the 2025-2026 Legislative Session. The session began with the release of Governor Newsom’s proposed FY 2025-26 State Budget. Breaking with tradition, the budget presentation was hosted by State Finance Director Joe Stephenshaw at the State Capitol, on January 10, while Governor Newsom remained in Los Angeles monitoring the ongoing wildfire response alongside Mayor Karen Bass and other state officials. Prior to the January 10 constitutional deadline, the Governor presented a budget preview, which, despite a projected $2 billion deficit from the Legislative Analyst’s Office, delivered a balanced $322.2 billion budget with no deficit and a modest surplus, backed by $16.9 billion in reserves. The Governor’s proposal underscores California’s economic leadership while addressing uncertainties posed by the incoming federal administration and anticipated challenges. Overall, the Governor acknowledged that the budget is a living document, subject to refinement during the May Revise period as updated tax receipt data becomes available. Given that the Administration and Legislature aimed to address a multi-year budget deficit as part of last year’s budget, and the projection of only a minor budget surplus, the Governor’s January budget proposal does not contain a large number of new spending proposals but rather continues the funding priorities that were established as part of last year’s budget. The release of the January Budget proposal kicks off the call and response process between the Administration and the Legislature on formulating a final budget agreement. 2 Over the next few weeks, the Legislature will hold budget committee hearings to deliberate the Governor’s proposal before releasing their own list of priorities. From there, the refinement process will continue until the Budget Act is adopted and signed into law in June. As always, subsequent revisions to the Budget Act can be expected in the later summer months. Of note in the Governor’s FY 2025-26 budget proposal for OC San is the use of $2.7 billion of funding from Proposition 4 Climate Bond passed by voters in November 2024. The $10 billion bond will be expended over several years as state agencies develop guidelines and expenditure plans, however, the proposed use of more than 25 percent of the funds in the first fiscal year is a strong indicator of the intent of the Newsom Administration to address gaps in climate change funding as soon as possible. Specifically, the funding proposed to be spent from the Proposition 4 Climate Bond in the first fiscal year includes, but is not limited to: • Safe Drinking Water, Drought, Flood & Water Resiliency o Dam Safety o Flood Management o Water Reuse and Recycling – Monies are expected to be used in existing grant programs • Coastal Resilience o Sea Level Rise Mitigation and Adaptation • Extreme Heat Mitigation o Urban Greening Program o Extreme Heat and Community Resilience Program • Climate Smart Agriculture o Healthy Soils Program • Clean Air and Energy o Development of Port Upgrades to Serve Offshore Wind Generation and Other Purposes First Extraordinary Session Update In November 2024, Governor Gavin Newsom proclaimed a special session of the California Legislature to address preparing for potential federal policy changes with the incoming Trump Administration. On January 13, 2025, the Governor amended the proclamation for the special session to include responding to the severe wildfires in Southern California. The special session reflects the urgency of these issues and the need for focused legislative action. Governor Newsom and Democratic Leadership recently reached an agreement to allocate $50 million to strengthen legal defenses against anticipated federal policies, with $25 million for the California Department of Justice and $25 million for legal non-profits and immigration support centers (this funding is in the form of grants for legal nonprofits and immigration support centers). The funding for the Department of Justice is being considered in the Senate Budget Committee, through SBX1 1. This measure authorizes the Department of Finance to augment the existing budget, by up to $25 million, for costs related to defending the state against enforcement and actions taken by the federal government or associated with legal actions against proposed actions. 3 The proposed funding for immigration support services is being considered in Assembly bill, ABX1 2. This measure proposes providing $10 million to the Judicial Council to distribute as grants to qualified legal services projects and support centers through the existing Legal Services Trust Fund Commission of the State Bar. Additionally, the measure proposes to make $10 million available to the State Department of Social Services for grants, contracts, and state operations (under their existing authority to contract with qualified nonprofit legal services organizations) to provide immigration-related services, including removal defense. The final $5 million is being provided to the Judicial Council to supplement its existing contract with the California Access to Justice Commission as a one-time expansion of the commission’s grants to nonprofit legal services providers. Both SBX1 1 and ABX1 2 are in their respective budget committees awaiting hearing. It is possible that the hearings will be held as early as this week, with floor votes to follow quickly thereafter. It should be noted that both of these measures make changes within the current FY 2024-25 budget year. The Administration and Legislature will be working to craft the FY 2025-26 state budget over the coming months, as it needs to be approved by mid-June. It’s possible that additional funding will be contained within the upcoming budget, or that additional modifications to the current year budget may be made, depending upon the overall level of need demonstrated in the coming months. 1 | P a g e TO: Orange County Sanitation District FROM: Whittingham Public Affairs Advisors DATE: January 23, 2025 SUBJECT: Local Legislative Report The month of December was highlighted by the holiday celebrations throughout the county, as well as the departures of numerous elected officials and the return to office for others. Following is a few of the more notable developments and issues of the month: • The Yorba Linda Water District Board of Directors appointed Colonel Wayne Scott to fill the vacancy created by the resignation of longtime Board member Phil Hawkins. • The City of Brea’s longtime City Manager Bill Gallardo, citing health issues, resigned from the City. Assistant City Manager Kristin Griffith is serving as Interim City Manager. • The City of Placentia announced that former Costa Mesa City Manager Tom Hatch will serve as Interim City Manager during the recruitment of a new City Manager to replace Damien Arrula, who officially left the City in November. • Patrick Gallegos is currently serving as Interim City Manager for the City of Seal Beach, while Travis Hopkins is serving in the same capacity for the City of Huntington Beach. • OC San Board members Stephen Faessel (Anaheim), Bruce Whitaker (Fullerton), Farrah Khan (Irvine), Brad Avery (Newport Beach), Schelly Sustarsic (Seal Beach), and Robbie Pitts (Villa Park) concluded their service on their respective City Councils and the OC San Board. New Board members Carlos Leon, Jamie Valencia, Melinda Liu, Erik Weigand, and Lisa Landau have joined the OC San Board of Directors. • Former State Senator Janet Nguyen was officially sworn in as the new 1st District Supervisor in early December and held a ceremonial swearing in event in January at the Pavillion in the County’s Mile Square Park in Fountain Valley. 2 • The filing period closed for the February 25 special election primary to fill Supervisor Nguyen’s former 36th Senate District. If none of the four qualified candidates are able to garner 50 percent plus one of the vote, a runoff election will be held on April 29. • The Irvine City Council voted to revise the default renewables level for residents and business owners enrolled in the Orange County Power Authority as the Authority prepared for the addition of the City of Fountain Valley. • Earlier this month, the Board of Supervisors elected 4th District Supervisor and OC San Board member Doug Chaffee to serve as Chair of the Board in 2025. Fifth District Supervisor Katrina Foley was elected to serve as Vice Chair. Chair Chaffee was also elected Chairman of the Orange County Transportation Authority Board of Directors for this year. As part of our scope of work, Whittingham Public Affairs Advisors has continued to monitor the various City Council agendas of each of OC San’s member agencies and highlighted issues and items of relevance to OC San. We also continued to monitor activities at the South Coast Air Quality Management District, including the ongoing consideration of Proposed Amended Rule (PAR) 410, dealing with Odors from Transfer Stations and Materials Recovery Facilities; Proposed Rules 1110.2 and 1110.4, related to Emissions from Emergency Generators; and PAR 1133.3, which will seek to reduce volatile organic compounds and ammonia emissions from green waste and organics composting. It is a pleasure to work with you and to represent the Orange County Sanitation District. Sincerely, Peter Whittingham 2/4/2025 1 WWW.TOWNSENDPA.COM SACRAMENTO • WASHINGTON, DC NORTHERN CALIFORNIA • CENTRAL CALIFORNIA • SOUTHERN CALIFORNIA Administration Committee Meeting February 12, 2025 Presenter: Eric O’Donnell Page 2 Sacramento Legislative Overview OC San: Legislative Update Legislature Reconvened January 6, 2025 First Year of Two-Year Session 25% Member Turnover New Bill Introduction Maximums 50 to 35 New Committee Leadership 1 2 2/4/2025 2 Page 3 Governor’s January Budget Proposal Despite a projected $2 billion deficit from the Legislative Analyst’s Office, Governor Newsom’s plan delivers a balanced $322.2 billion budget with no deficit and a modest surplus, backed by $16.9 billion in reserves. OC San: Legislative Update Slide 4 Governor’s January Budget Proposal Modest Surplus Washington D.C. Dynamics Government Efficiency Los Angeles Wildfires OC San: Legislative Update 3 4 2/4/2025 3 Page 5 Looking Ahead: Key Issues for 2025 Impact Fee LegislationImpact Fee Legislation SB 903 (Skinner) Non-Essential Uses Ban Re-IntroductionSB 903 (Skinner) Non-Essential Uses Ban Re-Introduction Biosolids Land Application LegislationBiosolids Land Application Legislation Brown Act FlexibilityBrown Act Flexibility OC San: Legislative Update Page 6 AB 259 (Rubio) – Teleconferencing Details • Removes the sunset on AB 2449 (Rubio) authorizations forteleconferencing • Makes permanent the status quo for participating in meetings remotely Status •Introduced. Can be heard in Committees in March •CSDA sponsored. Supported in concept by CalCities, CASA, ACWA, CSAC, etc. OC San: Legislative Update 5 6 2/4/2025 4 Slide 7 2025 Legislative Concepts Explored Bid Advertising Reform Dollar thresholds for bidding and force account work Video Retention Reform OC San: Legislative Update Page 8 Bid Advertising Reform Details • Currently, Sanitation Districts must advertise construction bids in a print newspaper • This can cost several hundred thousand dollars a year inadvertising costs for local and regional newspapers, without evidence to show increased bidders • OC San ran a bill in 2018, AB 2003 (Daly), to try to expand the allowable public notification methods for construction bids. AB 2003 died in the Assembly Local Government Committee • No author identified in 2025 OC San: Legislative Update 7 8 2/4/2025 5 Page 9 Contact Information Christopher Townsend President CTownsend@TownsendPA.com Cori Takkinen Vice President CTakkinen@TownsendPA.com Eric O’Donnell Director EODonnell@TownsendPA.com OC San: Legislative Update 9 ADMINISTRATION COMMITTEE Agenda Report Headquarters 18480 Bandilier Circle Fountain Valley, CA 92708 (714) 593-7433 File #:2024-3825 Agenda Date:2/12/2025 Agenda Item No:6. FROM:Robert Thompson, General Manager Originator: Wally Ritchie, Director of Finance SUBJECT: MID-YEAR FINANCIAL REPORT FOR THE PERIOD ENDED DECEMBER 31, 2024 GENERAL MANAGER'S RECOMMENDATION RECOMMENDATION: Recommend to the Board of Directors to: Receive and file the Orange County Sanitation District Mid-Year Financial Report for the period ended December 31, 2024. BACKGROUND Included in this report are the following mid-year financial reports for the period ended December 31, 2024: ·Mid-Year Budget Review The Budget Review Summary provides the Directors,staff,and general public with a comprehensive overview of the mid-year financial results of the Orange County Sanitation District (OC San) for the period ended December 31, 2024. ·Mid-Year Treasurer’s Report This section reports on financial portfolio performance with respect to OC San’s funds.The report also contains information on the U.S.and global economic outlook from OC San’s investment manager,Insight Investment.Additionally,the Section 115 Trust quarterly performance report is included.The Section 115 trust is administered by Public Agency Retirement Services,managed by PFM Asset Management,and was established to prefund pension obligations. ·Mid-Year Certificates of Participation Report The report includes a summary of each outstanding debt issuance. RELEVANT STANDARDS ·Quarterly financial reporting Orange County Sanitation District Printed on 2/4/2025Page 1 of 2 powered by Legistar™ File #:2024-3825 Agenda Date:2/12/2025 Agenda Item No:6. ADDITIONAL INFORMATION The Mid-Year Treasurer’s Report contained within the Mid-Year Financial Report for the period ended December 31,2024,is being submitted in accordance with OC San’s Investment Policy that requires the report be submitted to the governing body following the end of each quarter.None of the portfolios are currently invested in reverse repurchase agreements.All investments are in compliance with the Investment Policy and the California Government Code.Sufficient funds are available for OC San to meet its operating expenditure requirements for the next six months. CEQA N/A FINANCIAL CONSIDERATIONS N/A ATTACHMENT The following attachment(s)may be viewed on-line at the OC San website (www.ocsan.gov)with the complete agenda package: ·Mid-Year Financial Report for the period ended December 31, 2024 ·Presentation Orange County Sanitation District Printed on 2/4/2025Page 2 of 2 powered by Legistar™ Orange County, California for the period ended December 31, 2024 Mid-Year Financial Report Orange County Sanitation District Orange County, California Table of Contents Executive Summary .................................................................................................................... 1 Budget Review Section 1 – Consolidated Financial Reports ......................................................................... 1 Section 2 – Operating Budget Review Chart of Cost per Million Gallons by Department .................................................... 1 Chart of Collection, Treatment, & Disposal Expenses by Major Category ............... 1 Divisional Contributions to Cost Per Million Gallons ................................................ 2 Comparison of Expenses by Department ................................................................ 3 Summary of Collection, Treatment, & Disposal Expenses by Major Category ......... 4 Summary of Revenues ........................................................................................... 5 Summary of Collection, Treatment, & Disposal Expenses by Line Item .................. 6 Summary of Collection, Treatment, & Disposal Expenses by Process .................... 8 Chart of Staffing Trends .......................................................................................... 9 Section 3 – Capital Improvement Program Budget Review Chart of Capital Improvement Program By Process Area and Project Driver .......... 1 Summary of Capital Improvement Construction Requirements – Current Year ....... 2 Summary of Capital Improvement Construction Requirements – Project Life ......... 6 Section 4 – Capital Assets Schedule & Debt Service Budget Review Capital Assets Schedule ......................................................................................... 1 Debt Service Budget Review .................................................................................. 1 Section 5 – Self Insurance Budget Review General Liability and Property Fund Budget Review ............................................... 1 Workers’ Compensation Fund Budget Review ........................................................ 2 Treasurer’s Report ...................................................................................................................... 1 Certificates of Participation (COP) Report ................................................................................... 1 FY 2024-25 Mid-Year Financial Report This Page Intentionally Left Blank Executive Summary Page 1 Consolidated Financial Reports For the Mid-Year Ended December 31, 2024 Included in this consolidated report are the following quarterly financial reports for the period ended December 31, 2024:  Budget Review: The Consolidated Financial Reports Section 1 provides the Directors, staff, and the general public with a comprehensive overview of the financial results of the Orange County Sanitation District (OC San) through the mid-year ended December 31, 2024. Contained within the Budget Review Sections 2 through 5 is the budget-to-actual status of the Collection, Treatment and Disposal Operations, Capital Improvement Program, Debt Service, and Self-Insurance Program. Also included is a Capital Assets Schedule as of December 31, 2024. The chart below provides for a summary of these activities. Various detail information can be found in this report. Below is a descriptive summary of these activities through December 31, 2024: a) Most major expense categories are anticipated to approximate budget. b) Total revenues are at 48.3 percent of the $524.3 million budget. Except for Intra District Sewer Use-IRWD, Capital Assessments-IRWD, Capital Facilities Capacity Charges, and Other Revenues, most revenue sources are currently tracking close to or exceeding the proportionate budget FY 2024-25 Mid-Year Financial Report Page 2 through December 31. Overall, total revenues are projected to approximate budget at year-end. More detailed information on revenues is provided within Section 1 – Pages 3 through 5. c) Collection, Treatment and Disposal Costs: As indicated within the Consolidated Financial Reports Section of this report, the net operating requirements through the mid-year of $111.8 million is currently tracking at 48.1 percent of the $232.7 million budget. In addition, net operating expenses have increased $5.3 million or 5.0 percent in comparison with the same period last year. Overall, staff expects the total operating costs to remain at or slightly below budget throughout the remainder of the year. More detailed information on operating expenses is provided within Section 1 – Pages 1 through 3. The total cost per million gallons is $3,296 based on flows of 184 million gallons per day. This is $150 per million gallons, or 4.4 percent less than the budgeted cost per million gallons per day. A further description of these costs and benchmarking with other agencies is contained within Section 1 – Pages 6 through 8. d) The total projected capital outlay cash flow of the Capital Improvement Program (CIP) for FY 2024-25 has been revised to $226.5 million, or 101.6 percent of the board approved cash outlay of $223.1 million. The actual cash outlay spending through the mid-year is $103.2 million, or 46.3 percent of the total budgeted outlay. More detailed information on the CIP budget review can be found in Section 1 – Page 9 and Section 3.  Treasurer’s Report This section reports on financial portfolio performance with respect to OC San’s funds. Both Long-Term and Liquid Operating Portfolios are summarized. The report also contains information on the national economic outlook from OC San’s money manager, Insight Investment (Insight). Insight notes the Long-Term Portfolio quarterly return of negative 66 basis points outperformed the ICE BofA 1-5 Year AAA-A US Corp & Govt Index return of negative 71 basis points, while the Liquid Operating Portfolio quarterly return of 119 basis outperformed the ICE BofA 3-Month US Treasury Bill Index return of 117 basis points. Economic Review and Outlook Insight further notes that despite headline inflation increasing to 2.7% in the period, the Federal Reserve (Fed) cut interest rates twice, taking the Fed funds rate to the 4.25%-4.50% range. At the same time, policymakers have become more hawkish and now envisage fewer and/or a slower pace of rate cuts ahead, with potentially as few as just two further cuts in 2025. The Institute of Supply Management (ISM) Manufacturing Purchasing Managers Index (PMI) also recovered from its late-summer malaise, which has led many market participants to suggest the soft landing has occurred and an improved outlook is ahead. Executive Summary Page 3 Not all forward-looking indicators have been improving though. The Philadelphia Fed Manufacturing Index declined sharply in its last two reports after previously rising, reaching -16.8 in December, its lowest level of 2024. Beyond the economic data and Fed activity, the markets were focused on the US elections in November. Donald Trump’s and the Republican Party’s victories increased expectations that a mix of expansionary fiscal policy and trade tariffs will present the economy and markets with plenty of potential challenges. After a relatively strong year for growth, compared to many other developed economies, Insight expects 2024 to give way to a softer, though still positive year of growth in 2025, of around 2.2%. Inflation is expected to trend lower, but progress is likely to be slow and it may remain volatile for some time. The net effects of policies the incoming administration imposes create some uncertainty around that expectation. Looser fiscal policy is likely to provide a positive impetus to growth, while a mass deportation program may do the opposite. Widespread tariffs would likely push inflation higher though. Insight continues to see a stabilizing growth environment, with inflation remaining above target but falling and real rates falling. On inflation, Insight acknowledges that the supportive base effects helping to push inflation lower are no longer there, so there is a greater likelihood of a modest rise in headline rates in coming months, with a risk of even higher spikes. The new Trump administration could also bring with it an inflationary pulse in the US if it imposes meaningful tariffs on imports quickly. However, in most areas (outside Japan) inflation data is not an impediment to easier monetary policy. At these lower levels, inflation data may well be choppy on a short-term basis. In addition to the existing geopolitical turmoil in Ukraine and the Middle East, the new US administration brings uncertainty. Market Review and Outlook Government bond markets were notably weaker at the end of the fourth quarter as the economic backdrop continued to improve, and the potential effects of expansionary fiscal policies added increased uncertainty. Ten-year US Treasury yields rose 79 basis points (bp) to 4.57%. Two-year US Treasury yields rose by 60bp to 4.24%. This underperformance of the longer maturity investments is known as curve steepening. The Fed is expected to remain on an easing tack, but policymakers have indicated a slower and more considered approach, as rates move slowly toward a neutral stance around 3%. The risk that inflation may be higher than forecast means the extent of rate cuts will be limited, such that rates may not decline far below 4% in 2025. The yield curve is expected to be modestly upward sloping.  Certificates of Participation (COP) Report The report includes a summary of each outstanding debt issuance. FY 2024-25 Mid-Year Financial Report Page 4 This Page Intentionally Left Blank Consolidated Financial Reports Section 1 - Page 1 Mid-Year Financial Report December 31, 2024 The Financial Management Division is pleased to present the FY 2024-25 mid-year financial report. This report provides a comprehensive overview of the financial activities of the Orange County Sanitation District (OC San) and reports on the status of all capital projects in progress. A summary of the sections contained within this report is provided below. Operating Budget Review: This section reports on collection, treatment, and disposal net operating requirements. At December 31, 2024, 48.1 percent, or $111.8 million of the FY 2024-25 net operating budget of $232.7 million has been expended. Net operating expenses increased from the same period last year by $5.3 million, or 5.0 percent, mainly due to an increase of $4.5 million in Salaries and Benefits, $1.3 million in Professional Services, $859,000 in Repairs and Maintenance, $609,000 in Other Operating Supplies, $454,000 in Training & Meetings, $360,000 in Contractual Services, $261,000 in Administrative Expenses, and $247,000 in Operating Materials and Supplies, partially offset by an increase of $2.9 million in indirect costs allocated out to capital projects and a decrease of $425,000 in Utilities. These and other variances that factor into this net increase in expenses are discussed in more detail below. Overall, staff expects the total operating costs to remain at or slightly below budget through the remainder of the year. At December 31, 2024, 48.3 percent, or $253.4 million of the FY 2024-25 budgeted total revenues of $524.3 million has been recognized. Revenues decreased from the same period last year by $33.4 million, or 11.7 percent, mainly due to a decrease of $17.1 million in Service Fees, $8.9 million in Interest Earnings, $5.6 million in Property Taxes, $2.2 million in Other Revenues, and $1.6 million in Capital Facilities Capacity Charges, partially offset by an increase of $1.4 million in Intra District Sewer Use-IRWD, and $491,000 in Capital Assessments-IRWD. These and other variances that factor into this net decrease in revenues are discussed in more detail below. Overall, staff expects the total revenues to approximate budget at the end of the fiscal year. Significant operating results as of December 31, 2024, include the following:  Salaries, Wages and Benefits – Personnel costs of $60.4 million are on target at 48.7 percent of the budget through the mid-year of FY 2024-25. The budget is based on a five percent vacancy factor, and staffing is 29 full-time equivalents (FTEs), or 4.4 percent below the total 664 FTEs approved in the FY 2024-25 budget. Salary and benefit costs are $4.5 million, or 8.0 percent higher than the $55.9 million incurred in the same period last year, mainly due to an increase of $3.4 million in Salaries and Wages, $725,000 in Group Insurances, $245,000 in Retirement, $95,000 in Employee Supplemental Benefits, and $87,000 in Uniform Rental, partially offset by a decrease of $95,000 in Workers’ Compensation. Net operating personnel costs are expected to approximate budget throughout the remainder of the year. FY 2024-25 Mid-Year Financial Report Section 1 - Page 2  Administrative Expenses – Administrative Expenses totaled $1.1 million, or 40.9 percent of the $2.7 million budget through December 31. These costs are $261,000, or 31.1 percent higher at December 31 in comparison with the prior year, mainly due to an increase of $118,000 in Small Computer Items, $75,000 in Memberships, and $61,000 in Minor Furniture & Fixtures. It is anticipated that administrative costs will approximate or be below budget at year-end.  Printing and Publication Expenses – Printing and Publication Expenses totaled $107,000 or 26.9 percent of the $398,000 budget through December 31. These costs are $32,000, or 22.9 percent lower at December 31 in comparison with the prior year, primarily due to a decrease of $23,000 in Notices & Ads. Printing and publication costs are expected to be below budget at year-end.  Training and Meetings – Training and meetings of $781,000 is below target at 39.3 percent of the $2.0 million budget through December 31. This account is lower than the proportionate budget due to the timing and need for training throughout the year. Compared to the same period last year, costs have risen by $454,000, or 138.9%, largely because the training budget increased by $757,000, or 70.7 percent, and management has strongly encouraged the pursuit of training opportunities. Total training and meeting costs are anticipated to approximate budget at year-end.  Operating Materials and Supplies – Operating materials and supplies of $15.4 million is on target at 49.3 percent of the $31.2 million budget through December 31. Operating Materials and Supplies is higher than the prior year by $247,000, or 1.6 percent, mostly due to an increase of $484,000 in Odor & Corrosion Control, and $151,000 in Lab Chemicals & Supplies, partially offset by a decrease of $305,000 in Chemical Coagulants, $54,000 in Miscellaneous Operating Supplies, and $42,000 Safety Equipment/Tools. Based on current processes, operating materials and supplies are anticipated to approximate budget at year-end.  Contractual Services – Contractual services is on target at $11.0 million, or 47.0 percent of the $23.5 million budget through December 31. Solids Removal costs, budgeted at $14.4 million, comprise the majority of this expense category at $6.9 million, or 48.2 percent of its budget at December 31. Contractual Services is higher by $360,000, or 3.4 percent over the same period last year, mainly due to an increase of $266,000 in Security Services, $179,000 in Janitorial, $156,000 in Outside Lab Services, and $154,000 in Other Waste Disposal, partially offset by a decrease of $202,000 in Solids Removal, $103,000 in Oxygen, and $79,000 in Temporary Services. County Service Fees totaled only $16,000, or 4.0 percent of the $410,000 budget through the mid-year, as the preponderance of these fees are billed by the County in the fourth quarter. Total contractual services costs are anticipated to approximate budget at year-end.  Professional Services – Professional services costs totaled $3.6 million, or 45.4 percent of the $7.9 million budget through December 31. Professional services costs, such as Environmental Scientific Consulting, Industrial Hygiene Services, Labor Negotiation Services, and Other Professional Services are proportionately low Consolidated Financial Reports Section 1 - Page 3 through December 31 due to a variety of factors such as timing of services and re- evaluation of need for services. These costs are $1.3 million, or 55.2 percent higher at December 31 in comparison with the prior year, mainly due to an increase of $530,000 in Legal, $458,000 in Engineering, $173,000 in Other Professional Services and $100,000 in Software Program Consulting. It is anticipated that the costs for this category will approximate budget at year-end.  Research and Monitoring – Research and monitoring costs totaled $933,000, or 43.7 percent of the $2.1 million budget through December 31. These costs are $16,000, or 1.7 percent higher at December 31 in comparison with the prior year, due to an increase of $45,000 in Air Quality Monitoring, and $10,000 in Research, partially offset by a decrease of $40,000 in Environmental Monitoring. Total research and monitoring costs are anticipated to approximate budget at year- end.  Repairs and Maintenance – Repairs and maintenance costs totaled $19.9 million, or 54.8 percent of the $36.3 million budget through December 31. These costs are $859,000, or 4.5% higher at December 31 in comparison with the prior year, mainly due to an increase of $775,000 in Service Maintenance Agreements. It is anticipated that the costs for this category will approximate or be slightly above budget at year-end.  Utilities – Utilities costs totaled $7.6 million, or 47.3 percent of the $16.1 million budget through December 31. These costs are $425,000, or 5.3 percent lower at December 31 in comparison with the prior year, primarily due to a decrease of $782,000 in Power, partially offset by an increase of $256,000 in Natural Gas and $53,000 in Water. It is anticipated that the costs will approximate budget at year-end.  Other Operating Supplies – Other operating supplies costs totaled $3.7 million, or 59.8 percent of the $6.2 million budget through December 31. Property and General Liability Insurance, budgeted at $3.6 million, comprise the majority of this expense category at $2.2 million. Overall, Other Operating Supplies is $609,000, or 19.6 percent higher at December 31 in comparison with the prior year, primarily due to an increase of $569,000 in Property and General Liability Insurance, and $39,000 in Regulatory Operating Fees. It is anticipated that other operating supplies costs will be above budget at year-end.  Revenues – Service Fees and Property Taxes – Through December 31, revenues from Service Fees are at $159.6 million, or 47.8 percent of the $334.3 million budget and Property Taxes are at $52.3 million, or 44.4 percent of the $117.6 million budget. These items comprise the majority of OC San’s revenues and are mostly collected by the County through the property tax roll and distributed to OC San throughout the year based on a set distribution schedule that begins in November of each year. The decrease of $17.1 million, or 9.7 percent in service fee revenue over the prior year is primarily due to the timing of receipts. The property tax revenue decrease of $5.6 million, or 9.6 percent over the prior year is mainly a result of the timing of secured tax receipts. These revenues are expected to approximate budget at year-end. FY 2024-25 Mid-Year Financial Report Section 1 - Page 4  Revenues – Permit Fees – Permit Fees are at $8.0 million, or 51.6 percent of the $15.5 million budget. The revenues through the mid-year are higher than the same period last year by $89,000, or 1.1 percent, due to the fluctuation in the number of permittees from year to year as businesses establish or cease their operations and a decrease in operation and maintenance charges based on flows received from these customers. Permit Fees revenues are expected to approximate budget at year- end.  Revenues – Inter District Sewer Use – SAWPA and SBSD – Inter District Sewer Use-SAWPA and SBSD are at $1.6 million or 52.4 percent of the $3.0 million budget. This revenue is derived from charges to the Santa Ana Watershed Protection Agency (SAWPA) and Sunset Beach Sanitary District (SBSD) for treatment of flows. The revenues through the mid-year are lower than the same period last year by $177,000, or 10.1 percent, due to a decrease in operation and maintenance charges based on flows received from these agencies. These revenues are expected to approximate or be above budget at year-end.  Revenues – Intra District Sewer Use – IRWD – Intra District Sewer Use-IRWD are at $799,000, or 9.9 percent of the $8.1 million budget. This revenue is derived from charges to the Irvine Ranch Water District (IRWD) for treatment of flows. The revenues through the mid-year are higher than the same period last year by $1.4 million, or 237.9 percent, due to a decrease of $684,000 in interest income and $277,000 in property tax revenues allocated to IRWD, partially offset by an increase of $417,000 in operating and maintenance charges to IRWD. These revenues are expected to be below budget at year-end.  Revenues – Capital Assessments – IRWD – Capital Assessments-IRWD are at $3.0 million, or 42.0 percent of the $7.2 million budget. The revenues through the mid-year are higher than the same period last year by $491,000, or 19.4 percent, due to an increase in capital costs charged to IRWD. These revenues are expected to approximate or be below budget at year-end.  Revenues – Capital Facilities Capacity Charges (CFCC) – CFCC are at $4.9 million, or 31.9 percent of the $15.5 million budget. The revenues through the mid-year are lower than the same period last year by $1.6 million, or 24.9 percent, due to a decrease in capacity charges collected from local agencies. These revenues are expected to be below budget at year-end.  Revenues – Interest Earnings – Interest Earnings are at $22.1 million, or 128.7 percent of the $17.1 million budget. The revenues through the mid-year are lower than the same period last year by $8.9 million, or 28.7 percent, due to the lower rate of return experienced in the current year. It is estimated that interest earnings will exceed budget at year-end.  Revenues – Wastehauler – Wastehauler revenues are at $397,000 and does not have a budget. This revenue is derived from fees charged to wastehaulers, allowing them to dump waste into OC San’s system. The revenues through the mid-year mirror those of the same period last year, with a decrease of only $4,000, or 0.9 percent. Consolidated Financial Reports Section 1 - Page 5  Revenues – CNG Sales – CNG Sales revenues are at $93,000 and does not have a budget. This revenue is derived from public sales at OC San’s Compressed Natural Gas (CNG) fueling station. The revenues through the mid-year are higher than the same period last year by $6,000, or 6.6 percent, due to an increase in compressed natural gas sales.  Revenues – Rents & Leases – Rents & Leases revenues are at $221,000 and does not have a budget. The revenues through the mid-year are higher than the same period last year by $26,000, or 13.1 percent.  Revenues – Other – Other revenues are at $62,000, or 1.0 percent of the $6.0 million budget. These revenues are $2.2 million, or 97.3 percent lower than the same period last year, primarily due to prior year insurance proceeds for a machinery breakdown claim on Central Generation Engine #1. These revenues are expected to be below budget at year-end.  Revenues – Power Sales – Power Sales revenues are at $39,000 and does not have a budget. The revenues through the mid-year are lower than the same period last year by $34,000, or 46.3 percent, due to a decrease in the buyback of surplus generated energy exported to Southern California Edison. FY 2024-25 Mid-Year Financial Report Section 1 - Page 6 Comparison of Mid-Year Cost per Million Gallon Results with Budget Last Five Years As demonstrated in the preceding graph for the current and each of the last four fiscal years, the cost per million gallons at the end of the mid-year has been between 4.4 percent lower and 1.1 percent higher than the annual budget. The FY 2024-25 mid-year cost per million gallons of $3,296 is 4.4 percent lower when compared with this year’s budget. The increase in cost per million gallons of $147 from the previous year is primarily due to an increase in operating expenses, which are 5.0 percent higher than the same period last year, partially offset by an increase in flows, which are 0.3 percent higher than the same period last year. Staff believes that overall operating costs will be at or slightly below budget at year-end. The total cost per million gallons at December 31 is $3,296 based on flows of 184 million gallons per day. This is $150 per million gallons, or 4.4 percent less than the budgeted cost per million gallons of $3,446. The lower cost per million gallons is due to net expenses being 3.9% lower than the proportionate budget through December 31, partially offset by flows of 184 million gallons per day being 0.3 percent lower than the budgeted flow of 185 million gallons per day, which has an inverse relationship to the cost per unit of collection, treatment, and disposal. More detailed information on operating revenues, costs, and related information is provided within Section 2. $1,600 $1,800 $2,000 $2,200 $2,400 $2,600 $2,800 $3,000 $3,200 $3,400 $3,600 20-21 21-22 22-23 23-24 24-25 $2 , 5 4 0 $2 , 6 8 1 $2 , 9 7 9 $3 , 1 9 0 $3 , 4 4 6 $2 , 5 6 9 $2 , 6 9 5 $2 , 9 9 6 $3 , 1 5 0 $3 , 2 9 6 Fiscal Year Budget Mid-Year Consolidated Financial Reports Section 1 - Page 7 Following are data tables showing the last five years of Single Family Residential User Fees (SFR) and the cost per million gallons (MG) to collect, treat, and dispose of wastewater for the Orange County Sanitation District and similar agencies. The agencies used in the tables were determined to be those that most closely resembled OC San in terms of services provided and treatment levels. The summaries demonstrate that OC San’s SFR and cost per MG are each one of the lowest in their respective groups. 2020 2021 2022 2023 2024 Agency SFR SFR SFR SFR SFR Notes San Francisco 1,169$ 1,270 1,270 1,337 1,409 Vallejo Sanitation/Flood Control District 715$ 747 769 885 1,018 City of San Diego 573$ 573 687 714 742 (1) City of Los Angeles 636$ 636 636 636 736 (2) Central Contra Costa Sanitary District 598$ 660 690 697 725 Union Sanitary District 421$ 524 530 570 612 (3) East Bay MUD 439$ 457 475 515 559 City of Hayward 430$ 446 463 495 530 Dublin San Ramon Services District 469$ 486 496 495 516 Sacramento County 444$ 444 444 444 486 Irvine Ranch Water District 313$ 313 357 399 441 (4) Oro Loma Sanitary District 296$ 318 342 368 423 Orange County Sanitation District 339$ 343 347 358 371 City of Fresno 309$ 309 309 309 309 (5) Los Angeles County 213$ 226 226 217 234 (6) Notes: (1) - Data represents the base sewer fee plus the average usage of 9 hundred cubic feet per month. (2) - Data is for the typical SFR customer rate using approximately 9 hundred cubic feet per month. (3) - Deferred rate increase for July 2020 incorporated into July 2021 rate. (4) - Data represents the usage of 10 hundred cubic feet per unit. (5) - Data represents the minimum SFR rate not including flow. (6) - Data represents the average service charge rates for the prior fiscal year. Benchmark Study Five-Year Single Family Residential Rate Rates as of July FY 2024-25 Mid-Year Financial Report Section 1 - Page 8 FY 19-20 FY 20-21 FY 21-22 FY 22-23 FY 23-24 Agency Svc.Trt.Cost/MG Cost/MG Cost/MG Cost/MG Cost/MG Notes San Francisco B 2 7,573$ 9,456 7,152 5,895 12,958 Vallejo Sanitation/Flood Control District B 2 8,682$ 9,108 9,595 6,280 9,154 (1) Union Sanitary District B 2 5,655$ 5,569 5,623 6,822 7,871 Central Contra Costa Sanitary District B 3 5,284$ 6,513 6,353 7,043 5,854 City of San Diego B 3 3,977$ 4,219 4,263 4,450 5,213 East Bay MUD T 2 3,122$ 4,052 3,674 3,959 5,043 (2) City of Los Angeles B 3 3,021$ 2,763 3,120 3,625 3,718 Dublin San Ramon Services District B 3 3,441$ 3,570 3,406 3,889 3,528 Los Angeles County B 3 2,343$ 2,338 2,786 3,081 3,152 Orange County Sanitation District B 2 2,422$ 2,428 2,255 2,961 3,054 Sacramento County T 3 3,407$ 3,470 2,819 2,953 N/A (3) City of Fresno B 3 1,993$ 2,100 2,235 2,454 2,725 Legend for Service Provided and Treatment Level: B - Agency operates both collection and treatment facilities T - Agency provides treatment services but not collection 2 - Secondary treatment 3 - Advanced secondary or secondary with some tertiary treatment Notes: (2) - FY23-24 operating expense increased $6.9 million. (3) - FY21-22 operating expense decreased $20.8 million. N/A - Not currently available. Benchmark Study Five-Year Cost per MG (1) - In FY22-23, a decrease in treatment cost is reported in Agency's Annual Comprehensive Financial Report (ACFR). Consolidated Financial Reports Section 1 - Page 9 Capital Outlay Review: As depicted by the preceding chart, Capital Outlays totaled $103.2 million, or 46.3 percent of the capital outlay cash flow budget for FY 2024-25 as of December 31, 2024. While the overall expenditures for the Capital Improvement Program are aligned with the proportionate budget through the mid-year, individual projects may experience significant fluctuations due to the various stages they are in throughout the year. The most significant deviations from the 50.0% target at December 31 include 5-67 Bay Bridge Pump Station Replacement and 2-72 Newhope-Placentia Trunk Replacement, which are over the proportionate budget by $14.9 million and $7.5 million, respectively, and P2-98 Primary Treatment Rehabilitation at Plant No. 2, 7-65 Gisler Red-Hill Interceptor & Baker Force Main Rehabilitation, and 3-67 Seal Beach Pump Station Rehabilitation, which are under the proportionate budget by $5.7 million, $4.7 million, and $3.9 million, respectively. Overall, the capital outlay costs of the capital improvement program are expected to approximate $226.5 million, or 101.6 percent of the capital outlay cash flow budget at year-end. More detailed information on the capital improvement program is provided within Section 3. Capital Assets Schedule and Debt Service Budget Review: Section 4 is the Capital Assets Schedule and Debt Service Section. This section shows the cost value of OC San’s capital facilities at December 31, 2024, as well as the debt service costs resulting from the need to provide funding for the construction of capital facilities. $0 $50,000,000 $100,000,000 $150,000,000 $200,000,000 $250,000,000 12/31/24 Actual Capital Outlay $103,196,163 Projected 2024-25 Capital Outlay $226,541,220 2024-25 Capital Outlay Cashflow Budget $223,075,453 FY 2024-25 Mid-Year Financial Report Section 1 - Page 10 Principal payments on debt issues are due in February, during the third quarter of each fiscal year. As of December 31, 2024, no principal payments have been made. Interest costs are expensed ratably throughout the fiscal year and are expected to approximate budget at year-end. Self-Insurance Budget Review: Section 5 is the Self-Insurance Section. Through December 31, the Self-Insurance Fund revenues totaled $2.6 million, or 49.4 percent of the budget, while expenses are at $3.0 million, or 58.9 percent of the budget. Separate fund accounting is used for recording the revenue and expenses incurred in managing these liability claims. The revenues to these funds represent charges to operating divisions. Expenses to these funds include actual claims paid, claims administration, and excess loss policies. Operating Budget Review $0 $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 $1,800 $2,000 $2,200 Ge n e r a l M a n a g e r ' s Ad m i n i s t r a t i v e S e r v i c e s Co m m u n i c a t i o n s Hu m a n R e s o u r c e s En v i o r n m e n t a l S e r v i c e s En g i n e e r i n g Op e r a t i o n s & M a i n t e n a n c e Cost per Million Gallons by Department Budget and Actual December 31, 2024 Budget Actual $0 $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 $80,000 $90,000 $100,000 Sa l a r y & W a g e s Em p l o y e e B e n e f i t s Ad m i n i s t r a t i v e E x p e n s e s Pr i n t i n g & P u b l i c a t i o n Tr a i n i n g & M e e t i n g s Op e r a t i n g M a t e r i a l s & S u p p l i e s Co n t r a c t u a l S e r v i c e s Pr o f e s s i o n a l S e r v i c e s Re s e a r c h & M o n i t o r i n g Re p a i r s & M a i n t e n a n c e Ut i l i t i e s Ot h e r M a t e r i a l s , S u p p l i e s , & S v c s Collection, Treatment, & Disposal Expenses by Major Category Budget and Actual (in thousands) December 31, 2024 Budget Actual Section 2 - Page 1 Divisional Contributions to Cost Per Million Gallons For the Six Months Ended December 31, 2024 2024-25 12/31/22 12/31/23 Annual 12/31/24 Actual Actual Budget Actual Flow in Million Gallons 32,849.01 33,842.59 67,525.00 33,930.57 Flow in Million Gallons per Day 178.53 183.92 185.00 184.41 General Manager's Department General Management Administration 33.14$ 44.98$ 35.41$ 44.81$ Subtotal 33.14 44.98 35.41 44.81 Administrative Services Department Administrative Services 9.59 7.52 14.18 5.60 Consolidated Services 117.97 133.07 211.44 199.74 Financial Management 70.99 69.66 69.77 76.09 Contracts, Purchasing, & Materials Mgmt.79.78 67.70 79.36 75.98 Information Technology 241.18 241.27 236.83 272.19 Facilities Maintenance - - - 57.30 Subtotal 519.51 519.22 611.58 686.90 Communications Department Communications Administration - - 4.74 4.94 Board Services 14.57 16.01 19.59 17.66 Public Affairs 25.87 20.21 29.13 25.15 Subtotal 40.44 36.22 53.46 47.75 Human Resources Department Human Resources Administration - - 5.13 5.84 Human Resources 66.92 64.32 66.66 53.90 Risk Management 69.58 62.57 48.84 45.53 Subtotal 136.50 126.89 120.63 105.27 Environmental Services Department Environmental Services Administration 87.78 92.78 19.86 37.51 Resource Protection 88.01 90.09 112.69 98.01 Environmental Laboratory & Ocean Monitoring 140.05 147.78 172.90 159.63 Environmental Compliance - - 74.48 67.17 Subtotal 315.84 330.65 379.93 362.32 Engineering Department Engineering Administration 14.31 10.20 9.50 9.36 Planning 60.51 60.40 69.19 65.54 Project Management Office 68.75 68.24 72.04 71.67 Design 93.76 98.63 119.73 116.91 Construction Management 115.88 122.23 140.23 134.98 Subtotal 353.21 359.70 410.69 398.46 Operations & Maintenance Department Operations & Maintenance Administration 7.26 5.29 9.28 6.27 Collections Facilities O & M 306.43 253.69 304.86 227.83 Fleet Services 37.25 35.87 39.93 16.62 Plant No. 1 Operations 599.97 636.36 649.12 595.94 Plant No. 2 Operations 299.77 312.46 324.37 349.45 Plant No. 1 Maintenance 395.69 441.29 482.94 537.46 Plant No. 2 Maintenance 247.00 340.57 339.90 295.10 Subtotal 1,893.37 2,025.53 2,150.40 2,028.67 Total Operating Expenses 3,292.01 3,443.19 3,762.10 3,674.18 Cost Allocation (296.13) (294.66) (316.10) (378.11) Net Operating Requirements 2,995.88$ 3,148.53$ 3,446.00$ 3,296.07$ FY 2024-25 Mid-Year Financial Report Section 2 - Page 2 Comparison of Expenses by Department For the Six Months Ended December 31, 2024 2024-25 12/31/22 12/31/23 Year to Date Budget % Department and Division Actual Actual Budget 12/31/24 Realized General Manager's Department General Management Administration 1,088,562$ 1,522,211$ 2,391,106$ 1,520,282$ 63.58% Subtotal 1,088,562 1,522,211 2,391,106 1,520,282 63.58% Administrative Services Department Administrative Services 314,922 254,545 957,325 189,847 19.83% Consolidated Services 3,875,065 4,503,488 14,277,812 6,777,152 47.47% Financial Management 2,331,987 2,357,484 4,710,887 2,581,916 54.81% Contracts, Purchasing, & Materials Mgmt.2,620,789 2,291,044 5,359,090 2,577,973 48.10% Information Technology 7,922,566 8,165,067 15,991,713 9,235,467 57.75% Facilities Maintenance - - - 1,944,300 N/A Subtotal 17,065,329 17,571,628 41,296,827 23,306,655 56.44% Communications Department Communications Administration - - 320,274 167,562 52.32% Board Services 478,695 541,693 1,322,596 599,365 45.32% Public Affairs 849,909 684,068 1,966,701 853,472 43.40% Subtotal 1,328,604 1,225,761 3,609,571 1,620,399 44.89% Human Resources Department Human Resources Administration - - 346,220 198,052 57.20% Human Resources 2,198,175 2,176,589 4,501,045 1,828,949 40.63% Risk Management 2,285,561 2,117,445 3,298,191 1,544,721 46.84% Subtotal 4,483,736 4,294,034 8,145,456 3,571,722 43.85% Environmental Services Department Environmental Services Administration 2,883,603 3,139,865 1,340,930 1,272,657 94.91% Resource Protection 2,890,944 3,048,906 7,609,491 3,325,653 43.70% Environmental Laboratory & Ocean Monitoring 4,600,641 5,001,336 11,675,367 5,416,266 46.39% Environmental Compliance - - 5,029,311 2,279,135 45.32% Subtotal 10,375,188 11,190,107 25,655,099 12,293,711 47.92% Engineering Department Engineering Administration 470,027 345,272 641,184 317,514 49.52% Planning 1,987,590 2,044,229 4,671,881 2,223,650 47.60% Project Management Office 2,258,387 2,309,505 4,864,814 2,431,951 49.99% Design 3,079,981 3,337,839 8,084,688 3,966,774 49.07% Construction Management 3,806,604 4,136,539 9,469,248 4,580,010 48.37% Subtotal 11,602,589 12,173,384 27,731,815 13,519,899 48.75% Operations & Maintenance Department Operations & Maintenance Administration 238,534 179,063 626,574 212,781 33.96% Collections Facilities O & M 10,065,882 8,585,379 20,585,540 7,730,420 37.55% Fleet Services 1,223,730 1,213,850 2,696,485 564,003 20.92% Plant No. 1 Operations 19,708,481 21,536,189 43,831,774 20,220,534 46.13% Plant No. 2 Operations 9,847,287 10,574,397 21,902,873 11,857,185 54.14% Plant No. 1 Maintenance 12,998,082 14,934,552 32,610,821 18,236,445 55.92% Plant No. 2 Maintenance 8,113,804 11,525,900 22,951,578 10,012,921 43.63% Subtotal 62,195,800 68,549,330 145,205,645 68,834,289 47.40% Total Operating Expenses 108,139,808 116,526,455 254,035,519 124,666,957 49.07% Cost Allocation (9,728,222) (9,971,977) (21,361,020) (12,829,254) 60.06% Net Operating Requirements 98,411,586$ 106,554,478$ 232,674,499$ 111,837,703$ 48.07% Operating Budget Review Section 2 - Page 3 Summary of Collection, Treatment, & Disposal Expenses by Major Category For the Six Months Ended December 31, 2024 Expense Expense Increase Increase Percent Budget Through Through (Decrease) (Decrease)Budget Remaining 2024-25 12/31/24 12/31/23 $%Realized Budget Salary & Wages 96,380,855$ 46,632,138 43,214,029 3,418,109$ 7.91%48.38%49,748,717$ Employee Benefits 27,714,692 13,810,043 12,733,152 1,076,891 8.46%49.83%13,904,649 Administrative Expenses 2,694,297 1,102,776 841,517 261,259 31.05%40.93%1,591,521 Printing & Publication 398,196 107,035 138,854 (31,819) -22.92%26.88%291,161 Training & Meetings 1,989,398 781,448 327,079 454,369 138.92%39.28%1,207,950 Operating Materials & Supplies 31,214,002 15,373,003 15,125,898 247,105 1.63%49.25%15,840,999 Contractual Services 23,491,390 11,049,291 10,689,720 359,571 3.36%47.04%12,442,099 Professional Services 7,917,396 3,595,077 2,316,782 1,278,295 55.18%45.41%4,322,319 Research & Monitoring 2,135,754 933,368 917,511 15,857 1.73%43.70%1,202,386 Repairs & Maintenance 36,305,899 19,884,996 19,026,341 858,655 4.51%54.77%16,420,903 Utilities 16,132,374 7,623,903 8,048,492 (424,589) -5.28%47.26%8,508,471 Other Materials, Supplies, and Services 7,661,266 3,773,879 3,147,080 626,799 19.92%49.26%3,887,387 Net Cost Allocation (21,361,020) (12,829,254) (9,971,977) (2,857,277) 28.65%60.06%(8,531,766) Net Operating Requirements 232,674,499 111,837,703 106,554,478 5,283,225 4.96%48.07%120,836,796 Gallonage Flow (MG)67,525.00 33,930.57 33,842.59 87.98 0.26% Gallonage Flow (MGD)185.00 184.41 183.92 0.49 0.27% Gallonage Flow ($'s /MG)$3,446.00 $3,296.07 $3,148.53 $147.54 4.69% Description FY 2024-25 Mid-Year Financial Report Section 2 - Page 4 Revenue Percent Revenue Increase Increase Budget Through Budget Remaining Through (Decrease)(Decrease) Description 2024-25 12/31/24 Realized Budget 12/31/23 $% Service Fees 334,282,867$ 159,619,969$ 47.75% 174,662,898$ 176,690,046$ (17,070,077)$ -9.66% Permit Fees 15,506,269 8,005,770 51.63% 7,500,499 7,916,418 89,352 1.13% Inter District Sewer Use-SAWPA & SBSD 3,018,000 1,581,451 52.40% 1,436,549 1,758,869 (177,418) -10.09% Intra District Sewer Use-IRWD 8,067,337 799,062 9.90% 7,268,275 (579,611) 1,378,673 237.86% Capital Assessments-IRWD 7,211,000 3,029,595 42.01% 4,181,405 2,538,412 491,183 19.35% Capital Facilities Capacity Charges 15,485,595 4,939,093 31.89% 10,546,502 6,572,880 (1,633,787) -24.86% Property Taxes 117,624,920 52,255,943 44.43% 65,368,977 57,830,565 (5,574,622) -9.64% Interest Earnings 17,133,000 22,053,336 128.72% (4,920,336) 30,912,888 (8,859,552) -28.66% CIP Reimbursements - 238,773 N/A (238,773) 111,312 127,461 114.51% Wastehauler - 396,540 N/A (396,540) 400,086 (3,546) -0.89% CNG Sales - 92,612 N/A (92,612) 86,894 5,718 6.58% Rents & Leases - 221,245 N/A (221,245) 195,633 25,612 13.09% Other Revenues 6,014,651 62,208 1.03% 5,952,443 2,278,714 (2,216,506) -97.27% Power Sales - 38,797 N/A (38,797) 72,298 (33,501) -46.34% Other Sales - 36,835 N/A (36,835) 8,907 27,928 313.55% Total Revenues 524,343,639$ 253,371,229$ 48.32% 270,972,410$ 286,794,311$ (33,423,082)$ -11.65% Summary of Revenues For the Six Months Ended December 31, 2024 Operating Budget Review Section 2 - Page 5 FY 2024-25 Mid-Year Financial Report Summary of Collection, Treatment, & Disposal Expenses by Line Item For the Six Months Ended December 31, 2024 Expense Percent Expense Increase Budget Through Budget Remaining Through (Decrease) Description 2024-25 12/31/24 Expensed Budget 12/31/23 $ Salaries, Wages & Benefits Salaries & Wages 96,380,855$ 46,632,138$ 48.38% 49,748,717$ 43,214,029$ 3,418,109$ 7.91% Employee Benefits Retirement 12,846,492 6,126,337 47.69%6,720,155 5,881,592 244,745 4.16% Group Insurances 12,009,427 6,195,188 51.59%5,814,239 5,470,186 725,002 13.25% Tuition & Certification Reimb 84,192 42,194 50.12%41,998 41,271 923 2.24% Edu. degrees, Cert. & Lic.632,324 340,208 53.80%292,116 319,590 20,618 6.45% Uniform Rental 281,237 227,683 80.96%53,554 140,618 87,065 61.92% Workers' Compensation 905,678 329,773 36.41%575,905 425,248 (95,475) -22.45% Unemployment Insurance 17,122 7,160 41.82%9,962 8,561 (1,401) -16.36% Employee Supplemental Benefits 938,220 541,500 57.72%396,720 446,086 95,414 21.39% Total Benefits 27,714,692 13,810,043 49.83% 13,904,649 12,733,152 1,076,891 8.46% Salaries, Wages & Benefits 124,095,547 60,442,181 48.71% 63,653,366 55,947,181 4,495,000 8.03% Matl, Supplies, & Services Administrative Expenses Memberships 706,626 511,107 72.33%195,519 436,413 74,694 17.12% Office Exp - Supplies 73,981 27,582 37.28%46,399 27,816 (234) -0.84% Postage 48,700 24,910 51.15%23,790 22,677 2,233 9.85% Books & Publications 33,240 10,983 33.04%22,257 4,468 6,515 145.81% Forms 2,000 102 5.10%1,898 972 (870) -89.51% Small Computer Items 1,300,750 430,169 33.07%870,581 312,648 117,521 37.59% Minor Furniture & Fixtures 529,000 97,923 18.51%431,077 36,523 61,400 168.11% Subtotal 2,694,297 1,102,776 40.93% 1,591,521 841,517 261,259 31.05% Printing & Publication Repro-In-House 202,993 72,925 35.92%130,068 79,352 (6,427) -8.10% Printing-Outside 42,203 4,842 11.47%37,361 7,163 (2,321) -32.40% Notices & Ads 153,000 29,268 19.13%123,732 52,339 (23,071) -44.08% Subtotal 398,196 107,035 26.88% 291,161 138,854 (31,819) -22.92% Training & Meetings Meetings 160,985 65,337 40.59%95,648 37,394 27,943 74.73% Training 1,828,413 716,111 39.17%1,112,302 289,685 426,426 147.20% Subtotal 1,989,398 781,448 39.28% 1,207,950 327,079 454,369 138.92% Operating Mat'ls & Supplies Chemical Coagulants 15,855,536 8,323,432 52.50%7,532,104 8,628,653 (305,221) -3.54% Odor & Corrosion Control 10,476,895 4,599,689 43.90%5,877,206 4,115,598 484,091 11.76% Disinfection 611,300 280,776 45.93%330,524 283,569 (2,793) -0.98% Chemicals - Misc & Cogen 490,200 207,680 42.37%282,520 219,698 (12,018) -5.47% Gasoline, Diesel & Oil 894,340 352,520 39.42%541,820 355,152 (2,632) -0.74% Tools 698,642 435,451 62.33%263,191 407,176 28,275 6.94% Safety equipment/tools 1,007,568 485,932 48.23%521,636 527,810 (41,878) -7.93% Solv, Paints & Jan. Supplies 134,106 67,085 50.02%67,021 64,496 2,589 4.01% Lab Chemicals & Supplies 754,325 491,546 65.16%262,779 340,107 151,439 44.53% Misc. Operating Supplies 274,590 118,398 43.12%156,192 171,992 (53,594) -31.16% Property Tax Fees 16,500 10,494 63.60%6,006 11,647 (1,153) -9.90% Subtotal 31,214,002 15,373,003 49.25% 15,840,999 15,125,898 247,105 1.63% Contractual Services Solids Removal 14,356,000 6,925,984 48.24%7,430,016 7,127,956 (201,972) -2.83% Other Waste Disposal 1,219,990 625,142 51.24%594,848 471,195 153,947 32.67% Groundskeeping 215,200 82,620 38.39%132,580 117,228 (34,608) -29.52% Janitorial 1,929,800 904,849 46.89%1,024,951 725,698 179,151 24.69% Outside Lab Services 444,000 258,726 58.27%185,274 102,442 156,284 152.56% Oxygen 1,332,000 540,479 40.58%791,521 643,861 (103,382) -16.06% County Service Fee 410,300 16,457 4.01%393,843 21,569 (5,112) -23.70% Temporary Services 355,000 117,792 33.18%237,208 196,606 (78,814) -40.09% Security Services 2,487,100 1,119,386 45.01%1,367,714 853,133 266,253 31.21% Other 742,000 457,856 61.71%284,144 430,032 27,824 6.47% Subtotal 23,491,390 11,049,291 47.04% 12,442,099 10,689,720 359,571 3.36% Increase (Decrease) % Section 2 - Page 6 (Continued) Operating Budget Review Summary of Collection, Treatment, & Disposal Expenses by Line Item For the Six Months Ended December 31, 2024 Expense Expense Increase Increase Budget Through Remaining Through (Decrease) (Decrease) Description 2024-25 12/31/24 Expensed Budget 12/31/23 $% Continued: Professional Services Legal 1,487,000 1,334,544 89.75%152,456 804,792 529,752 65.82% Audit & Accounting 180,000 139,130 77.29%40,870 103,619 35,511 34.27% Engineering 1,698,150 1,094,451 64.45%603,699 636,765 457,686 71.88% Enviro Scientific Consulting 1,091,500 81,852 7.50%1,009,648 115,846 (33,994) -29.34% Software Prgm Consulting 976,100 337,891 34.62%638,209 237,444 100,447 42.30% Energy Consulting 22,000 8,750 39.77%13,250 13,000 (4,250) -32.69% Advocacy Efforts 278,600 137,500 49.35%141,100 108,900 28,600 26.26% Industrial Hygiene Services 100,000 4,391 4.39%95,609 21,777 (17,386) -79.84% Labor Negotiation Services 60,000 8,472 14.12%51,528 - 8,472 N/A Other 2,024,046 448,096 22.14%1,575,950 274,639 173,457 63.16% Subtotal 7,917,396 3,595,077 45.41%4,322,319 2,316,782 1,278,295 55.18% Research & Monitoring Environmental Monitoring 1,248,000 279,620 22.41%968,380 319,270 (39,650) -12.42% Air Quality Monitoring 300,000 90,994 30.33%209,006 45,878 45,116 98.34% Research 587,754 562,754 95.75%25,000 552,363 10,391 1.88% Subtotal 2,135,754 933,368 43.70%1,202,386 917,511 15,857 1.73% Repairs & Maintenance Materials & Services 27,998,162 14,786,038 52.81%13,212,124 14,702,011 84,027 0.57% Svc. Mtc. Agreements 8,307,737 5,098,958 61.38%3,208,779 4,324,330 774,628 17.91% Subtotal 36,305,899 19,884,996 54.77%16,420,903 19,026,341 858,655 4.51% Utilities Telephone 513,400 260,205 50.68%253,195 235,873 24,332 10.32% Diesel For Generators 62,000 33,861 54.61%28,139 8,849 25,012 282.65% Natural Gas 3,035,000 1,534,597 50.56%1,500,403 1,278,996 255,601 19.98% Power 11,266,947 5,084,130 45.12%6,182,817 5,866,573 (782,443) -13.34% Water 1,255,027 711,110 56.66%543,917 658,201 52,909 8.04% Subtotal 16,132,374 7,623,903 47.26%8,508,471 8,048,492 (424,589) -5.28% Other Operating Supplies Outside Equip Rental 95,000 20,090 21.15%74,910 25,422 (5,332) -20.97% Insurance Premiums 53,000 51,415 97.01%1,585 49,251 2,164 4.39% Prop & Gen Liab Insurance 3,567,300 2,190,987 61.42%1,376,313 1,621,500 569,487 35.12% Freight 207,000 88,679 42.84%118,321 97,149 (8,470) -8.72% Misc. Operating Expense 479,398 190,143 39.66%289,255 177,960 12,183 6.85% Regulatory Operating Fees 1,823,610 1,178,021 64.60%645,589 1,138,622 39,399 3.46% Subtotal 6,225,308 3,719,335 59.75%2,505,973 3,109,904 609,431 19.60% General Mgr Contingency & Reappropriations 1,294,788 - 0.00%1,294,788 - - N/A Other Non-Oper Expense 141,170 54,544 38.64%86,626 37,176 17,368 46.72% Total Materials, Supplies & Services 129,939,972 64,224,776 49.43%65,715,196 60,579,274 3,645,502 6.02% Total Expenditures 254,035,519 124,666,957 49.07%129,368,562 116,526,455 8,140,502 6.99% Cost Allocation (21,361,020) (12,829,254) 60.06%(8,531,766) (9,971,977) (2,857,277) 28.65% Net Operating Requirements 232,674,499$ 111,837,703$ 48.07%120,836,796$ 106,554,478$ 5,283,225$ 4.96% Percent Budget Section 2 - Page 7 FY 2024-25 Mid-Year Financial Report Summary of Collection, Treatment, & Disposal Expenses by Process For the Six Months Ended December 31, 2024 Increase Increase Actual Actual (Decrease) (Decrease) 12/31/24 12/31/23 $% Process: Preliminary Treatment 7,482,141$ 6,307,590$ 1,174,551$ 18.62% Primary Treatment 14,025,718 13,681,283 344,435 2.52% Secondary Treatment 8,631,254 7,161,914 1,469,340 20.52% Oxygen Generation Facility (Plant 2)1,060,173 1,276,926 (216,753) -16.97% Effluent Disposal 715,542 746,395 (30,853) -4.13% Solids Handling 30,453,781 30,846,069 (392,288) -1.27% Cogeneration 14,128,129 14,042,814 85,315 0.61% Utilities 2,585,444 2,931,687 (346,243) -11.81% Electrical Distribution 1,752,972 1,350,455 402,517 29.81% Miscellaneous Buildings 6,947,796 6,443,455 504,341 7.83% External Location 21,724 88,063 (66,339) -75.33% Nerissa Vessel 187,737 215,019 (27,282) -12.69% Laboratory 8,747,387 7,830,144 917,243 11.71% Collections 15,097,905 13,632,664 1,465,241 10.75% Net Operating Requirements 111,837,703$ 106,554,478$ 5,283,225$ 4.96% Section 2 - Page 8 Staffing Trends Full Time Equivalents (FTE) December 31, 2024 At December 31, 2024, the total head count was 655 employees, or a full time equivalency of 635. Operating Budget Review 450 500 550 600 650 700 750 6/30/21 6/30/22 6/30/23 6/30/24 12/31/24 619 595 583 623 635 20 44 64 32 29 Actual Vacant Budgeted FTE 639 639 647 655 664 Section 2 - Page 9 FY 2024-25 Mid-Year Financial Report This Page Intentionally Left Blank Section 2 - Page 10 Capital Improvement Program By Process Area and Project Driver For the Six Months Ended December 31, 2024 Capital Improvement Program Budget Review Total Capital Improvement Outlays by Project Driver - $103,196,163 Rehabilitation and Replacement: 82.1% Strategic Initiatives: 9.6% Additional Capacity: 6.1% Regulatory: 2.2% Total Capital Improvement Outlays by Process Area - $103,196,163 Collections Facilities: 41.1% Liquid Treatment: 33.8% Solids Handling & Digestion: 1.3% Utility Systems: 7.6% Support Facilities: 9.6% Other: 6.6% Section 3 - Page 1 FY 2024-25 Mid-Year Financial Report Summary of Capital Improvement Construction Requirements - Current Year For the Six Months Ended December 31, 2024 2024-25 2024-25 2024-25 Cashflow Actual at Projected Budget 12/31/2024 Outlay Collection System Improvement Projects Collections Facilities Santa Ana Trunk Sewer Rehabilitation 1,098,804$ 769,741$ 1,221,400$ Greenville-Sullivan Trunk Improvements 132,179 16,479 223,300 Taft Branch Capacity Improvements 6,327,358 295,254 4,785,100 Newhope-Placentia Trunk Replacement - 7,501,335 7,501,400 Yorba Linda Dosing Station Installation 248,738 13,739 103,500 Knott - Miller Holder - Artesia Branch Rehabilitation 648,678 201,804 788,400 Westminster Blvd Force Main Replacement 169,215 (23,411) 411,700 Rehabilitation of Western Regional Sewers 4,063,118 945,900 6,421,400 Interstate 405 Widening Project Impacts on OC San Sewers 34,158 - 3,700 Seal Beach Pump Station Replacement 14,196,085 3,221,265 11,737,500 Bay Bridge Pump Station Replacement 3,323,255 16,005,818 17,291,400 Newport Beach Pump Station Pressurization Improvements 436,401 156,823 335,800 Fairview Trunk Sewer Rehabilitation 599,292 236,949 610,500 MacArthur Pump Station Rehabilitation 187,422 - 87,200 Gisler Red-Hill Interceptor & Baker Force Main Rehabilitation 26,796,764 8,739,425 21,867,000 MacArthur Force Main Improvement 2,728,325 675,213 3,290,500 North Trunk Improvements 637,625 123,589 198,400 Edinger Pumping Station Replacement 1,143,575 227,361 1,203,500 Small Construction Projects Program - Collections 4,932,646 2,245,923 5,559,000 Operations & Maintenance Capital Program - Collections - 100,933 101,000 Planning Studies Program - Collections 347,627 47,646 298,200 Sunflower and Red Hill Interceptor Repairs 3,391 4,790 79,100 Additional Charges to CIP Closed at 6/30/24 - 283,267 283,300 Subtotal - Collections Facilities 68,054,656 41,789,843 84,402,300 Revenue Area 14 Bay Bridge Pumping Station Rehabilitation (3.62%)124,820 601,173 649,500 Newport Beach Pump Station Pressurization Improve (0.27%) 1,181 425 1,000 Subtotal - Revenue Area 14 126,001 601,598 650,500 Total Collection System Improvement Projects 68,180,657 42,391,441 85,052,800 Section 3 - Page 2 (Continued) Summary of Capital Improvement Construction Requirements - Current Year For the Six Months Ended December 31, 2024 2024-25 2024-25 2024-25 Cashflow Actual at Projected Budget 12/31/2024 Outlay Treatment & Disposal Projects Headworks Headworks Rehabilitation at Plant 1 40,947,431 19,217,834 39,444,500 Headworks Modifications at P2 for GWRS Final Expansion 180,259 64,378 267,800 Subtotal - Headworks 41,127,690 19,282,212 39,712,300 Primary Treatment Primary Sedimentation Basins 3-5 Replacement at Plant 1 4,652,825 2,226,989 5,037,500 Primary Sedimentation Basins 6-31 Reliability Improv at P1 2,296,476 538,368 921,700 Primary Treatment Rehabilitation at Plant 2 19,483,658 4,015,883 15,117,800 Subtotal - Primary Treatment 26,432,959 6,781,240 21,077,000 Secondary Treatment Activated Sludge-1 Aeration Basin & Blower Rehab at P1 5,682,462 2,797,688 6,251,700 Trickling Filter Rehab at P1 483,777 152,798 480,600 Activated Sludge Aeration Basin Rehabilitation at Plant 2 3,163,385 474,964 1,949,700 Subtotal - Secondary Treatment 9,329,624 3,425,450 8,682,000 Solids Handling & Digestion Interim Food Waste Receiving Facility 223,531 598 31,600 TPAD Digester Facility at Plant 2 7,161,399 1,043,397 6,665,200 Digesters Rehabilitation at Plant No. 2 3,836,078 170,864 2,458,000 Truck Loading Bay Odor Control Improvements at Plant 2 108,872 97,041 125,400 Subtotal - Solids Handling & Digestion 11,329,880 1,311,900 9,280,200 Ocean Outfall Systems Ocean Outfall System Rehabilitation 10,269,146 4,913,742 9,288,800 120-inch Ocean Outfall Rehabilitation 326,842 106,687 106,700 Sodium Bisulfite Station Rehabilitation at Plant 2 672,673 414,479 700,200 Emergency Overflow Pipes & Windwall Rehabilitation at P2 173,297 3,797 20,000 Subtotal - Ocean Outfall Systems 11,441,958 5,438,705 10,115,700 Capital Improvement Program Budget Review Section 3 - Page 3 (Continued) FY 2024-25 Mid-Year Financial Report Summary of Capital Improvement Construction Requirements - Current Year For the Six Months Ended December 31, 2024 2024-25 2024-25 2024-25 Cashflow Actual at Projected Budget 12/31/2024 Outlay Treatment & Disposal Projects (Continued) Utility Systems Electrical Power Distribution System Improvements 1,697,999 (46,710) 934,000 Digester Gas Facilities Rehabilitation 2,909,099 948,406 3,012,300 Central Generation Engine Overhauls at Plants 1 and 2 9,361,016 6,470,429 8,973,500 Central Generation Facilities & OOBS Seismic Upgrades 177,372 - 88,700 Uninterruptable Power Supply Improvements at Plant 1 2,855,350 412,891 2,686,400 12.47 kV Switchgear Replacement at CenGen at Plant 1 118,833 - 118,900 Industrial Control System & IT Data Center Relocation at P1 238,625 36,838 86,200 Headworks Electrical Distribution Improvements at P2 64,508 - - Subtotal - Utility Systems 17,422,802 7,821,854 15,900,000 Information Management Systems Process Control Systems Upgrades 7,365,033 1,297,836 4,189,100 Project Management Information System 61,318 38,800 60,600 Process Control System Alarm Optimization 115,523 - 36,900 Information Technology Capital Program 1,371,024 279,088 781,100 EAM Software and Process Implementation 246,436 - 223,000 Subtotal - Information Management Systems 9,159,334 1,615,724 5,290,700 Strategic & Master Planning Planning Studies Program 3,443,719 589,268 4,221,900 Subtotal - Strategic & Master Planning 3,443,719 589,268 4,221,900 Water Management Projects GWRS Final Expansion Coordination - - 600 Subtotal - Water Management Projects - - 600 Research Research Program 1,849,805 91,162 2,867,100 Subtotal - Research 1,849,805 91,162 2,867,100 Section 3 - Page 4 (Continued) Summary of Capital Improvement Construction Requirements - Current Year For the Six Months Ended December 31, 2024 2024-25 2024-25 2024-25 Cashflow Actual at Projected Budget 12/31/2024 Outlay Treatment & Disposal Projects (Continued) Support Facilities Small Construction Projects Program 21,132,557 4,509,465 20,550,800 Operations & Maintenance Capital Program 4,625,784 925,859 3,945,500 Laboratory Rehabilitation at Plant 1 - 532 267,100 Headquarters Complex 2,340,333 848,211 4,672,300 South Perimeter Security & Utility Improvements at Plant 1 258,560 (120,328) 234,700 Support Buildings Seismic Improvements at Plant 1 1,119,403 250,182 637,600 Administrative Facilities & Power Building 3A Demolition 62,006 50,722 96,900 Collections Yard Relocation 4,705,701 2,893,632 4,305,200 Operations and Maintenance Complex at Plant 2 3,412,770 538,451 3,886,900 Subtotal - Support Facilities 37,657,114 9,896,726 38,597,000 Others Capital Improvement Program Management Services 723,265 120,931 844,200 Subtotal - Others 723,265 120,931 844,200 Total Treatment and Disposal Projects 169,918,150 56,375,172 156,588,700 Capital Equipment Purchases 15,396,026 4,429,550 15,319,100 Total Collection, Treatment and Disposal Projects and Capital Equipment Purchases 253,494,833 103,196,163 256,960,600 Less: Savings and Deferrals (30,419,380) - (30,419,380) Net Collection, Treatment and Disposal Projects and Capital Equipment Purchases 223,075,453$ 103,196,163$ 226,541,220$ Capital Improvement Program Budget Review Section 3 - Page 5 FY 2024-25 Mid-Year Financial Report Summary of Capital Improvement Construction Requirements - Project Life For the Six Months Ended December 31, 2024 Current Total Approved June 30, 2024 Year Projected Remaining Project Accumulated Projected Cost at Future Budget Cost Cost June 30, 2025 Budget Collection System Improvement Projects Collections Facilities Santa Ana Trunk Sewer Rehabilitation 54,620,000$ 2,979,726$ 1,221,400$ 4,201,126$ 50,418,874$ Greenville-Sullivan Trunk Improvements 48,600,000 2,123,554 223,300 2,346,854 46,253,146 Taft Branch Capacity Improvements 31,200,000 3,073,594 4,785,100 7,858,694 23,341,306 Newhope-Placentia Trunk Replacement - - 7,501,400 7,501,400 (7,501,400) Yorba Linda Dosing Station Installation 21,700,000 - 103,500 103,500 21,596,500 Santa Ana Canyon South River Trunk Rehabilitation 19,300,000 - - - 19,300,000 Knott - Miller Holder - Artesia Branch Rehabilitation 16,500,000 433,586 788,400 1,221,986 15,278,014 Westminster Blvd Force Main Replacement 43,900,000 43,488,084 411,700 43,899,784 216 Rehabilitation of Western Regional Sewers 96,300,000 41,150,153 6,421,400 47,571,553 48,728,447 Interstate 405 Widening Project Impacts on OC San Sewers 500,000 301,861 3,700 305,561 194,439 Seal Beach Pump Station Replacement 134,000,000 12,346,728 11,737,500 24,084,228 109,915,772 Los Alamitos Sub-Trunk Extension 119,600,000 - - - 119,600,000 Crystal Cove Pump Station Rehabilitation 14,500,000 - - - 14,500,000 Bay Bridge Pump Station Replacement 140,714,800 23,289,439 17,291,400 40,580,839 100,133,961 Newport Beach Pump Station Pressurization Improvements 2,692,710 2,152,305 335,800 2,488,105 204,605 East Coast Highway Sewer Rehabilitation 8,600,000 - - - 8,600,000 Fairview Trunk Sewer Rehabilitation 25,000,000 1,003,638 610,500 1,614,138 23,385,862 MacArthur Pump Station Rehabilitation 16,200,000 - 87,200 87,200 16,112,800 Main Street Pump Station Rehabilitation 37,700,000 - - - 37,700,000 Gisler Red-Hill Interceptor & Baker Force Main Rehabilitation 55,500,000 16,747,696 21,867,000 38,614,696 16,885,304 MacArthur Force Main Improvement 8,150,000 3,237,154 3,290,500 6,527,654 1,622,346 North Trunk Improvements 59,100,000 5,801 198,400 204,201 58,895,799 Edinger Pumping Station Replacement 36,500,000 1,835,268 1,203,500 3,038,768 33,461,232 Slater Pump Station Rehabilitation 45,600,000 16,480 - 16,480 45,583,520 Bolsa Chica/Edinger/Springdale Trunk Sewer Rehab 11,520,000 - - - 11,520,000 Small Construction Projects Program - Collections 7,385,000 5,570,561 5,559,000 11,129,561 (3,744,561) Operations & Maintenance Capital Program - Collections 660,000 224,687 101,000 325,687 334,313 Planning Studies Program - Collections 1,075,000 416,120 298,200 714,320 360,680 Sunflower and Red Hill Interceptor Repairs 6,750,000 6,691,812 79,100 6,770,912 (20,912) Additional Charges to CIP Closed at 6/30/24 4,500,000 84,920 283,300 368,220 4,131,780 Subtotal - Collections Facilities 1,068,367,510 167,173,167 84,402,300 251,575,467 816,792,043 Revenue Area 14: Bay Bridge Pumping Station Rehabilitation (3.62%)5,285,200 874,743 649,500 1,524,243 3,760,957 Newport Beach Pump Station Pressurization Improve (0.27%)7,290 5,827 1,000 6,827 463 Subtotal - Revenue Area 14 5,292,490 880,570 650,500 1,531,070 3,761,420 Total Collection System Improvement Projects 1,073,660,000 168,053,737 85,052,800 253,106,537 820,553,463 Section 3 - Page 6 (Continued) Summary of Capital Improvement Construction Requirements - Project Life For the Six Months Ended December 31, 2024 Current Total Approved June 30, 2024 Year Projected Remaining Project Accumulated Projected Cost at Future Budget Cost Cost June 30, 2025 Budget Treatment & Disposal Projects Headworks Headworks Rehabilitation at Plant 1 340,000,000 176,468,994 39,444,500 215,913,494 124,086,506 Headworks Modifications at P2 for GWRS Final Expansion 30,400,000 28,779,424 267,800 29,047,224 1,352,776 Subtotal - Headworks 370,400,000 205,248,418 39,712,300 244,960,718 125,439,282 Primary Treatment Primary Sedimentation Basins 3-5 Replacement at Plant 1 183,000,000 5,987,189 5,037,500 11,024,689 171,975,311 Primary Sedimentation Basins 6-31 Reliability Improv at P1 12,100,000 10,081,017 921,700 11,002,717 1,097,283 Primary Treatment Rehabilitation at Plant 2 188,000,000 85,197,364 15,117,800 100,315,164 87,684,836 B/C-Side Primary Clarifiers Rehabilitation at Plant 2 306,093,000 - - - 306,093,000 Subtotal - Primary Treatment 689,193,000 101,265,570 21,077,000 122,342,570 566,850,430 Secondary Treatment Activated Sludge-1 Aeration Basin & Blower Rehab at P1 470,000,000 6,012,999 6,251,700 12,264,699 457,735,301 Trickling Filter Rehab at P1 47,000,000 111,452 480,600 592,052 46,407,948 Return Activated Sludge Piping Replacement at Plant 2 10,000,000 9,424,585 - 9,424,585 575,415 Activated Sludge Aeration Basin Rehabilitation at Plant 2 65,600,000 1,118,217 1,949,700 3,067,917 62,532,083 Subtotal - Secondary Treatment 592,600,000 16,667,253 8,682,000 25,349,253 567,250,747 Solids Handling & Digestion Interim Food Waste Receiving Facility 6,300,000 1,352,312 31,600 1,383,912 4,916,088 TPAD Digester Facility at Plant 2 588,000,000 34,694,206 6,665,200 41,359,406 546,640,594 Digesters Rehabilitation at Plant No. 2 45,000,000 3,873,832 2,458,000 6,331,832 38,668,168 Truck Loading Bay Odor Control Improvements at Plant 2 8,356,000 31,489 125,400 156,889 8,199,111 Subtotal - Solids Handling & Digestion 647,656,000 39,951,839 9,280,200 49,232,039 598,423,961 Ocean Outfall Systems Ocean Outfall System Rehabilitation 170,300,000 131,016,178 9,288,800 140,304,978 29,995,022 120-inch Ocean Outfall Rehabilitation 82,000,000 206,462 106,700 313,162 81,686,838 Sodium Bisulfite Station Rehabilitation at Plant 2 9,200,000 1,086,687 700,200 1,786,887 7,413,113 Emergency Overflow Pipes & Windwall Rehabilitation at P2 7,500,000 103,875 20,000 123,875 7,376,125 Subtotal - Ocean Outfall Systems 269,000,000 132,413,202 10,115,700 142,528,902 126,471,098 Capital Improvement Program Budget Review Section 3 - Page 7 (Continued) FY 2024-25 Mid-Year Financial Report Summary of Capital Improvement Construction Requirements - Project Life For the Six Months Ended December 31, 2024 Current Total Approved June 30, 2024 Year Projected Remaining Project Accumulated Projected Cost at Future Budget Cost Cost June 30, 2025 Budget Treatment & Disposal Projects (Continued) Utility Systems Electrical Power Distribution System Improvements 29,000,000 4,250,356 934,000 5,184,356 23,815,644 Digester Gas Facilities Rehabilitation 190,000,000 17,383,954 3,012,300 20,396,254 169,603,746 Natural Gas Pipelines Replacement at Plants 1 and 2 2,173,718 2,173,717 - 2,173,717 1 Central Generation Engine Overhauls at Plants 1 and 2 72,200,000 21,578,599 8,973,500 30,552,099 41,647,901 Central Generation Facilities & OOBS Seismic Upgrades 17,500,000 - 88,700 88,700 17,411,300 Uninterruptable Power Supply Improvements at Plant 1 9,600,000 5,402,415 2,686,400 8,088,815 1,511,185 12.47 kV Switchgear Replacement at CenGen at Plant 1 16,000,000 - 118,900 118,900 15,881,100 Industrial Control System & IT Data Center Relocation at P1 16,500,000 52,741 86,200 138,941 16,361,059 Headworks Electrical Distribution Improvements at P2 34,652,000 - - - 34,652,000 Subtotal - Utility Systems 387,625,718 50,841,782 15,900,000 66,741,782 320,883,936 Information Management Systems Process Control Systems Upgrades 35,500,000 11,757,880 4,189,100 15,946,980 19,553,020 Project Management Information System 2,280,000 1,666,899 60,600 1,727,499 552,501 Process Control System Alarm Optimization 4,121,000 - 36,900 36,900 4,084,100 Information Technology Capital Program 10,000,000 669,755 781,100 1,450,855 8,549,145 EAM Software and Process Implementation 9,200,000 7,087,993 223,000 7,310,993 1,889,007 Subtotal - Information Management Systems 61,101,000 21,182,527 5,290,700 26,473,227 34,627,773 Strategic & Master Planning Planning Studies Program 23,925,000 8,895,681 4,221,900 13,117,581 10,807,419 Subtotal - Strategic & Master Planning 23,925,000 8,895,681 4,221,900 13,117,581 10,807,419 Water Management Projects GWRS Final Expansion Coordination 1,400,000 1,399,404 600 1,400,004 (4) Subtotal - Water Management Projects 1,400,000 1,399,404 600 1,400,004 (4) Research Research Program 10,000,000 4,227,762 2,867,100 7,094,862 2,905,138 Subtotal - Research 10,000,000 4,227,762 2,867,100 7,094,862 2,905,138 Section 3 - Page 8 (Continued) Summary of Capital Improvement Construction Requirements - Project Life For the Six Months Ended December 31, 2024 Current Total Approved June 30, 2024 Year Projected Remaining Project Accumulated Projected Cost at Future Budget Cost Cost June 30, 2025 Budget Treatment & Disposal Projects (Continued) Support Facilities Small Construction Projects Program 101,993,000 23,234,482 20,550,800 43,785,282 58,207,718 Operations & Maintenance Capital Program 14,962,000 3,853,186 3,945,500 7,798,686 7,163,314 Laboratory Rehabilitation at Plant 1 103,800,000 - 267,100 267,100 103,532,900 Headquarters Complex 169,500,000 166,065,260 4,672,300 170,737,560 (1,237,560) South Perimeter Security & Utility Improvements at Plant 1 8,150,000 7,915,360 234,700 8,150,060 (60) Support Buildings Seismic Improvements at Plant 1 27,600,000 1,910,233 637,600 2,547,833 25,052,167 Administrative Facilities & Power Building 3A Demolition 4,286,000 34,759 96,900 131,659 4,154,341 Collections Yard Relocation 8,800,000 4,368,666 4,305,200 8,673,866 126,134 Operations and Maintenance Complex at Plant 2 126,500,000 2,709,338 3,886,900 6,596,238 119,903,762 Subtotal - Support Facilities 565,591,000 210,091,284 38,597,000 248,688,284 316,902,716 Others Capital Improvement Program Management Services 1,500,000 911,345 844,200 1,755,545 (255,545) Subtotal - Others 1,500,000 911,345 844,200 1,755,545 (255,545) Total Treatment and Disposal Projects 3,619,991,718 793,096,067 156,588,700 949,684,767 2,670,306,951 Capital Equipment Purchases 29,593,863 - 15,319,100 15,319,100 14,274,763 Less: Savings and Deferrals (30,419,380) - (30,419,380) (30,419,380) - Total Collection, Treatment and Disposal Projects and Capital Equipment Purchases 4,692,826,201$ 961,149,804$ 226,541,220$ 1,187,691,024$ 3,505,135,177$ Capital Improvement Program Budget Review Section 3 - Page 9 FY 2024-25 Mid-Year Financial Report This Page Intentionally Left Blank Section 3 - Page 10 Capital Assets Schedule & Debt Service Budget Review For the Six Months Ended December 31, 2024 Balance Year-to-Date Balance 07/01/24 Activity 12/31/24 CONSTRUCTION IN PROGRESS (CIP): Collection System 118,859,678$ 42,391,441$ 161,251,119$ Treatment Plant 558,222,491 60,804,722 619,027,213 Subtotal 677,082,169 103,196,163 780,278,332 PROPERTY, PLANT & EQUIPMENT (at cost): Land and Property Rights 58,153,170 - 58,153,170 Collection Lines and Pump Stations 1,013,172,599 - 1,013,172,599 Treatment Facilities 2,850,633,361 - 2,850,633,361 Effluent disposal facilities 96,161,634 - 96,161,634 Solids disposal facilities 3,329,893 - 3,329,893 General and administrative facilities 401,983,964 - 401,983,964 Lease right-to-use asset 109,897 - 109,897 Subscription right-to-use assets 3,474,003 - 3,474,003 Excess purchase price over book value on acquired assets 19,979,000 - 19,979,000 Subtotal 4,446,997,521 - 4,446,997,521 Total Property, Plant & Equipment & CIP 5,124,079,690$ 103,196,163$ 5,227,275,853$ 2024-25 Year-to-Date Remaining Budget Payments % of Budget Budget Principal Payments by Debt Issue: 2010A BABs -$ -$ --$ 2010C BABs - - -- 2016A COP 5,635,000 - 0.00%5,635,000 2017A COP - - -- 2021A COP 17,940,000 - 0.00%17,940,000 2022A COP - - -- 2024A COP 10,510,000 - 0.00%10,510,000 Subtotal Principal Payments 34,085,000 - 0.00%23,575,000 Interest Expense by Debt Issue: 2010A BABs 2,986,574 2,090,739 70.00%895,835 2010C BABs 971,230 345,636 35.59%625,594 2016A COP 5,757,550 2,878,775 50.00%2,878,775 2017A COP 3,290,750 1,645,375 50.00%1,645,375 2021A COP 4,732,250 2,366,125 50.00%2,366,125 2022A COP 4,081,000 2,040,500 50.00%2,040,500 2024A COP 5,123,067 3,459,717 67.53%1,663,350 Subtotal Interest Expense 26,942,421 14,826,867 55.03%12,115,554 Total Debt Service 61,027,421$ 14,826,867$ 24.30%35,690,554$ Capital Assets Schedule & Debt Service Budget Review Capital Assets Schedule Debt Service Budget Review Section 4 - Page 1 FY 2024-25 Mid-Year Financial Report This Page Intentionally Left Blank Section 4 - Page 2 General Liability and Property Fund Budget Review For the Six Months Ended December 31, 2024 Actual Actual 2024-25 Through Through Budget 12/31/24 12/31/23 Revenues: In-Lieu Premiums 4,381,983$ 2,190,987$ 50.00%2,190,996$ 1,621,500$ 569,487$ Service Department Allocations 25,000 1,620 6.48%23,380 4,440 (2,820) Total Revenues 4,406,983 2,192,607 49.75%2,214,376 1,625,940 566,667 Expenses: Benefits/Claims 400,000 1,116 0.28%398,884 995,730 (994,614) Professional Services 20,000 4,200 21.00%15,800 13,615 (9,415) Subtotal 420,000 5,316 1.27%414,684 1,009,345 (1,004,029) Policy Premium Expense 3,622,500 2,318,657 64.01%1,303,843 2,012,500 306,157 Total Expenses 4,042,500 2,323,973 57.49%1,718,527 3,021,845 (697,872) Excess Revenue (Expense)364,483 (131,366) 495,849$ (1,395,905) 1,264,539 Beginning Reserves 97,635,517 97,635,517 98,000,000 (364,483) Ending Reserves 98,000,000$ 97,504,151$ 96,604,095$ 900,056$ 12/31/24 Budget (Decrease) Self Insurance Budget Review Percent of Budget Remaining Through 2024-25 Increase Section 5 - Page 1 FY 2024-25 Mid-Year Financial Report Workers' Compensation Fund Budget Review For the Six Months Ended December 31, 2024 Actual Actual 2024-25 Through Through Budget 12/31/24 12/31/24 12/31/23 Revenues: In-Lieu Premiums 659,546$ 329,773$ 50.00%329,773$ 425,250$ (95,477)$ Service Department Allocations 100,000 31,752 31.75%68,248 49,398 (17,646) Total Revenues 759,546 361,525 47.60%398,021 474,648 (113,123) Expenses: Benefits/Claims 600,000 335,854 55.98%264,146 112,341 223,513 Legal Services 150,000 168,833 112.56%(18,833) 60,617 108,216 Professional Services 80,000 30,163 37.70%49,837 37,430 (7,267) Subtotal 830,000 534,850 64.44%295,150 210,388 324,462 Policy Premium Expense 294,029 183,990 62.58%110,039 163,349 20,641 Total Expenses 1,124,029 718,840 63.95%405,189 373,737 345,103 Excess Revenue (Expense)(364,483) (357,315) (7,168)$ 100,911 (458,226) Beginning Reserves 2,364,483 2,364,483 2,000,000 364,483 Ending Reserves 2,000,000$ 2,007,168$ 2,100,911$ (93,743)$ Budget (Decrease) Percent of Budget Remaining Through 2024-25 Increase Section 5 - Page 2 January 31, 2025 STAFF REPORT Treasurer’s Report For the Mid-Year Ended December 31, 2024 SUMMARY Section 18.0 of the Orange County Sanitation District's (OC San) Investment Policy includes quarterly reporting requirements for OC San's two investment portfolios. These two funds, the "Liquid Operating Monies," and the "Long-Term Operating Monies" are managed by Insight Investment (Insight), OC San’s external money manager. The ongoing monitoring of OC San's investment program by staff and Callan LLC (Callan), OC San's independent investment advisor, indicates that OC San’s investments are in compliance with OC San's adopted Investment Policy and the California Government Code, and that overall performance has tracked with benchmark indices. In addition, sufficient liquidity and anticipated revenues are available for OC San to meet budgeted expenditures for the next six months. OC San’s portfolios do not include any reverse repurchase agreements or derivative securities. ADDITIONAL INFORMATION Performance Reports The Quarterly Investment Report, prepared by Insight, and the Investment Measurement Service Quarterly Review, prepared by Callan, as of December 31, 2024, are attached for reference. The Liquid Operating portfolio, with an average maturity of 84 days, consists entirely of high quality fixed income investments consistent with OC San’s investment policy. Also included within the attachments are: • Performance results in comparison with the ICE BAML 3-month treasury bill index for the liquid operating portfolio; and the ICE BAML Corp./Govt. 1-5 Year Bond index for the long-term portfolio as identified in the investment policy. • A listing of individual securities held at the end of each reporting period. Treasurer’s Report For the Period Ended December 31, 2024 Page 2 of 5 • Cost and market values of the portfolios: Liquid Operating Long-Term Cost $115.5 M $641.6 M Market Value $115.6 M $632.6 M • Modified duration of the portfolio compared to the Benchmark. Liquid Operating Long-Term OC San Policy < 0.50 < 5.00 Benchmark 0.15 2.48 Portfolio 0.15 2.59 • The percent of the Liquid Operating Monies portfolio maturing within 90 days: 46.3% • Average portfolio credit quality: Liquid Operating – AA Long-Term – AA • Percent of portfolio with credit ratings below “A” by any rating agency and a description of such securities: Liquid Operating – Percent of portfolio – 0.0% Long-Term – Percent of portfolio – 8.24%: Bank of America Corp Cost: $2,583,450.00 Maturity Date: 2/13/2026 Moody’s: A1 S&P: A- Fitch: AA- Percent of portfolio: 0.39% Bank of America Corp Cost: $2,254,432.50 Maturity Date: 6/19/2026 Moody’s: A1 S&P: A- Fitch: AA- Percent of portfolio: 0.35% Bank of America Corp Cost: $5,907,613.65 Maturity Date: 1/20/2028 Moody’s: A1 S&P: A- Fitch: AA- Percent of portfolio: 0.97% Bank of America Corp Cost: $4,305,375.00 Maturity Date: 3/5/2029 Moody’s: A1 S&P: A- Fitch: AA- Percent of portfolio: 0.69% Treasurer’s Report For the Period Ended December 31, 2024 Page 3 of 5 Morgan Stanley Cost: $9,753,225.60 Maturity Date: 4/13/2028 Moody’s: A1 S&P: A- Fitch: A+ Percent of portfolio: 1.57% ERAC USA Finance LLC Cost: $7,272,330.00 Maturity Date: 2/15/2029 Moody’s: A3 S&P: A- Fitch: NA Percent of portfolio: 1.15% Virginia Electric Power Co Cost: $5,736,523.40 Maturity Date: 5/15/2027 Moody’s: A2 S&P: BBB+ Fitch: A Percent of portfolio: 0.89% Realty Income Corp Cost: $5,462,290.00 Maturity Date: 12/15/2028 Moody’s: A3 S&P: A- Fitch: NA Percent of portfolio: 0.86% Comcast Corp Cost: $4,785,920.00 Maturity Date: 5/1/2028 Moody’s: A3 S&P: A- Fitch: A- Percent of portfolio: 0.76% Bank of Montreal Cost: $2,994,647.40 Maturity Date: 9/15/2026 Moody’s: A2 S&P: A- Fitch: AA- Percent of portfolio: 0.45% American Honda Finance Corp Cost: $988,260.00 Maturity Date: 7/7/2028 Moody’s: A3 S&P: A- Fitch: A Percent of portfolio: 0.16% • All investments are in compliance with the investment policy and the California Government Code, except for the following Lehman Brother holdings that OC San is pursuing collection through the bankruptcy court: Lehman Brothers Note-Defaulted $600,000 par value purchased 9/19/2008 Lehman Brothers Note-Defaulted $2,000,000 par value purchased 9/18/2008 Treasurer’s Report For the Period Ended December 31, 2024 Page 4 of 5 Portfolio Market Values 3/31/2024 6/30/2024 9/30/2024 12/31/2024 Long-Term ($) 730,072,327.88 689,065,781.68 685,660,419.69 632,610,453.12 Liquid Operating ($) 140,513,156.80 96,236,867.45 40,346,159.38 115,617,964.36 Total $870,585,484.68 $785,302,649.13 $726,006,579.07 $748,228,417.48 Orange County Sanitation District Account Balances as of December 31, 2024 Investment Accounts Balances December 31, 2024 Insight/U.S. Bank – Long-Term Portfolio Insight/U.S. Bank – Liquid Operating Portfolio State of California LAIF PARS Section 115 Trust - Moderate PARS Section 115 Trust - Balanced Banc of California – General Banc of California – Workers’ Compensation Banc of California – Property, Liability Claim, Exp U.S. Bank – Mount Langley BNY Mellon OCIP Reserve Petty Cash TOTAL Debt Service Reserves w/Trustees $632,610,453 115,617,964 67,862,667 10,821,661 5,528,673 10,573,453 100,000 50,000 282,423 250,000 1,500 $ 843,698,794 $ 49,482,902 Treasurer’s Report For the Period Ended December 31, 2024 Page 5 of 5 ATTACHMENTS 1. Insight Quarterly Review 2. Insight Quarterly Investment Report 3. Insight - U.S. Bank Month End Investment Detail with Accruals 4. Insight - U.S. Bank Transaction History 5. Callan Investment Measurement Service Quarterly Review 6. Investment Transactions and Balances in LAIF 7. BNY Mellon Owner Controlled Insurance Program Escrow Account 8. PARS Section 115 Trust Account Report 9. PARS - U.S. Bank Month End Investment Detail with Accruals Insight Quarterly Review DECEMBER 2024 ORANGE COUNTY SANITATION DISTRICT (OC SAN) QUARTERLY REVIEW ECONOMIC REVIEW & OUTLOOK Despite headline inflation increasing to 2.7% in the period, the Federal Reserve (Fed) cut interest rates twice, taking the Fed funds rate to the 4.25%-4.50% range. At the same time, policymakers have become more hawkish and now envisage fewer and/or a slower pace of rate cuts ahead, with potentially as few as just two further cuts in 2025. The Institute of Supply Management (ISM) Manufacturing Purchasing Managers Index (PMI) also recovered from its late-summer malaise, which has led many market participants to suggest the soft landing has occurred and an improved outlook is ahead. Figure 1: FOMC participants’ assessments of monetary policy at the end of 20251 Not all forward-looking indicators have been improving though. The Philadelphia Fed Manufacturing Index declined sharply in its last two reports after previously rising, reaching -16.8 in December, its lowest level of 2024. Beyond the economic data and Fed activity, the markets were focused on the US elections in November. Donald Trump’s and the Republican Party’s victories increased expectations that a mix of expansionary fiscal policy and trade tariffs will present the economy and markets with plenty of potential challenges. After a relatively strong year for growth compared to many other developed economies, we expect 2024 to give way to a softer, though still positive, growth in 2025 of around 2.2%. Inflation is expected to trend lower, but progress is likely to be slow and it may remain volatile for some time. The net effect of the incoming administration’s policies may create some uncertainty around that expectation. Looser fiscal policy is likely to provide a positive impetus to growth, while a mass deportation program may do the opposite. Widespread tariffs would likely push inflation higher. We continue to see a stabilizing growth environment, with inflation remaining above target, but gradually falling. On inflation, the supportive base effects which helped to push inflation lower are no longer there, leading to a greater likelihood of a modest rise in headline rates in coming months, with a risk of inflationary spikes. The Trump administration could also bring with it an inflationary impulse in the US if it imposes meaningful tariffs on imports quickly. However, in most areas (outside Japan) inflation data is not an 1 Source: Board of Governors of the Federal Reserve System, as of December 18, 2024 impediment to easier monetary policy. At these lower levels, inflation data may well be choppy on a short-term basis. In addition to the existing geopolitical turmoil in Ukraine and the Middle East, the new US administration brings uncertainty. Figure 2: Underlying inflation measures, % year-over-year2 MARKET REVIEW & OUTLOOK Governments Government bond markets were notably weaker at the end of the fourth quarter as the economic backdrop continued to improve, and the potential effects of expansionary fiscal policies added increased uncertainty. Ten-year US Treasury yields rose 79 basis points (bp) to 4.57%. Two-year US Treasury yields rose by 60bp to 4.24%. This underperformance of the longer maturity investments is known as curve steepening. Figure 3: Comparative historical US Treasury yield curves3 The Fed is expected to remain on an easing track, but policymakers have indicated a slower and more considered approach as rates move toward a neutral stance around 3%. The risk that inflation may be higher than forecast means the extent of rate cuts will be limited, such that rates may not decline far below 4% in 2025. The yield curve is expected to be modestly upward sloping. 2 Source: Macrobond, as of December 20, 2024. 3 Source: Bloomberg, as of December 31, 2024. 4.32 4.24 4.38 4.57 3.00 4.00 5.00 6.00 3 m 6 m 1 yr 2 yr 3 yr 4 yr 5 yr 6 yr 7 yr 8 yr 9 yr 10 yr 12/31/24 09/30/24 12/31/23 Investment Grade Corporate Credit The Bloomberg US Investment Grade Corporate Index generated excess returns of 81bp in Q4 and 246bp for the year. The 2024 credit spread tightening occurred alongside an upward trend in government bond yields, leaving ‘all-in’ corporate bonds yields at levels that appear attractive relative to history. Overall, we have adopted a more cautious active stance in the near-term. We expect a significant amount of issuance in the first half of 2025 as issuers seek to capitalize on strong demand which could exert some upward pressure on spreads, creating opportunities at more favorable levels. Nonetheless, underlying corporate fundamentals remain strong and policy easing continues coupled with resilient labor markets. Structured credit / Secured finance 2024 was a solid year for secured finance investors, with improving macro sentiment buoying the asset class into year-end. Returns were primarily driven by high levels of income. Despite major central banks beginning to cut rates, an improving economic outlook and a gradual easing cycle would suggest that 2025 could be another promising year for returns. Throughout the year, demand consistently outpaced supply, a trend that intensified towards year-end due to the timing of the US election, resulting in tighter spreads. We anticipate some reversal of this trend at the start of 2025 as issuance picks up, potentially with some front-loading as issuers aim to capitalize on robust demand. With spreads attractive relative to similarly rated corporate credits, we expect demand to stay high. Our preference remains for issues with seniority in the capital structure and robust transaction structures that divert cash flow in the event of underperformance in the underlying asset pool. Strong underwriting and servicing policies should also act to insulate investors if the economy unexpectedly weakens. Municipal bonds Municipal credit conditions remain robust as we navigate an uncertain post-election period. The resilience of credit conditions in state and local tax-backed sectors is bolstered by substantial reserves and cash balances accumulated over recent years. We continue to favor revenue bond issues such as public power and water/sewer utilities, which offer stability due to their relatively predictable cash flows. Conversely, we are generally underweighting sectors that offer less yield premium, such as state and local general obligation bonds. Additionally, we see good value in airport and toll road credits, benefiting from the recovery of air and vehicular travel post- pandemic. In the short term, yield-curve steepening has provided an incentive to extend duration and capture attractive incremental yield. LONG TERM PORTFOLIO As discussed last quarter, active management of the Long Term portfolio achieved a longer duration and maturity profile relative to the benchmark index. Portfolio duration extended from 2.35 years to 2.57 years to end the quarter. This represents a neutral to slightly long duration bias relative to the passive benchmark, which is consistent with the investment thesis that Treasury yields should decline as the Federal Reserve reduces interest rates. Oppositely, and rare from a historical perspective, Treasury yields increased during the quarter even as the Federal Reserve reduced overnight rates. The combination of stronger economic data and concern over potential fiscal policies from the incoming administration led to an increase in perceived risk for government securities. Longer maturity yields rose more than shorter maturity yields during the selloff with negative total returns for the quarter. The Long Term portfolio remains well-positioned. Positive excess returns were achieved versus the passive benchmark as corporate and other non-Treasury investments cushioned the impact from rising yields. Looking ahead to 2025, rising yields can create opportunities as the Treasury curve normalizes and 5-year Treasury yields exceed 2-year Treasury yields. Investing to longer maturity dates within policy can capture this yield spread. Insight also expects to capture yield spread from US agency investments as the recent investment policy adjustments relieved a restriction from callable securities. Insight’s cautiousness towards the corporate sector remains as yield spreads are still tight by historical standards. Figure 4: Long Term Portfolio Performance (gross of investment management fees) Portfolio Benchmark 3 months -0.66% -0.71% 6 months 2.63% 2.70% 9 months 3.45% 3.58% 12 months Since Inception4 3.96% 4.00% Figure 5: Long Term Portfolio Characteristics December 2024 September 2024 Final Maturity (years) 2.96 2.69 Effective Duration (years) 2.57 2.35 Purchase Yield 3.35 2.87 Market Yield 4.45 3.87 Credit Quality (S&P) AA AA- Total Market Value ($, excludes accrued interest) 632,838,236 637,922,861 LIQUID OPERATING PORTFOLIO OC San contributed $75 million to the Liquid Operating portfolio to bring the total portfolio value comfortably higher than the $40 million minimum balance. Forecasted cash flows predict additional contributions in coming months, although projected withdrawals later in the year may result in revisiting the minimum required balance. The Long Term portfolio will have contingent liquidity available if this scenario occurs. Investment strategy for the Liquid Operating portfolio remains designed to cash match versus projected outflows, include contingent liquidity should projections change, and then seek to achieve incremental returns to the overnight sweep and 3-month Treasury Bill rates. The Liquid Operating portfolio continues to achieve these objectives, although achieving the yield objective in 2025 presents new challenges. The first challenge in 2025 is that strong demand for Treasury Bills has driven yields lower and below our fair value estimates versus the expected Federal Funds rate. This is due, in part, to the significant increase in money fund assets, now at nearly $7 trillion5, and results in an overnight sweep rate currently exceeding Bill yields. Further, the Bills curve is still inverted, reflecting an expectation for more cuts to monetary policy. While further rate decreases are still likely in our view, the timing of policy easing is more uncertain, which makes investments within the 6-month to 1-year window less-attractive. Strategy for the Liquid Operating portfolio will likely emphasize shorter-maturity investments until greater clarity on fiscal and monetary policies is achieved. Figure 6: Performance (gross of investment management fees) Portfolio Benchmark 3 months 1.19% 1.17% 6 months 2.60% 2.55% 9 months 4.01% 3.91% 12 months Since Inception6 4.49% 4.38% Figure 7: Liquid Operating Portfolio Characteristics December 2024 September 2024 Final Maturity (years) 0.23 0.32 Effective Duration (years) 0.15 0.07 4 Performance inception date: February 29, 2024. 5 Bloomberg. ICI Money Market Funds Assets as of January 8, 2025. 6 Performance inception date: February 29, 2024. December 2024 September 2024 Purchase Yield 4.52 5.24 Market Yield 4.37 4.76 Credit Quality (S&P) AA- AA- Total Market Value ($, excludes accrued interest) 115,612,660 40,345,526 BROAD MARKET DATA Source: Bloomberg. As of December 31, 2024. Bond yields (10-year) Quarterly change (bp) USA 4.57% +79 Germany 2.36% +24 Japan 1.10% +24 UK 4.57% +57 Bond spreads (over govts) Bloomberg US Corporate Index 80bp -9 Bloomberg Euro Corporate Index 102bp -15 Bloomberg Sterling Corporate Index 96bp -25 Bloomberg US Corporate High Yield Index 287bp -8 Bloomberg Pan-European High Yield Index 309bp -36 Equities Quarterly change (%) S&P 500 5,882 +2.1% Stoxx Europe 600 507.6 -2.9% FTSE 100 8,173 -0.8% Nikkei 225 39,895 +5.2% Hang Seng 20,060 -5.1% Currencies EUR/USD 1.035 -7.0% JPY/USD 157.2 -8.6% GBP/USD 1.252 -6.4% Commodities Oil price (Brent crude), $ per barrel 74.6 +4.0% Gold price, $ per oz. 2,625 -0.4% CRB Commodity Index 537 -0.7% Insight Investment 200 Park Avenue, 7th Floor New York, NY 10166 inquiries@insightinvestment.com company/insight-investment-north-america @InsightInvestUS www.insightinvestment.com IMPORTANT INFORMATION IMPORTANT DISCLOSURES This document has been prepared by Insight North America LLC (INA), a registered investment adviser under the Investment Advisers Act of 1940 and regulated by the US Securities and Exchange Commission. INA is part of ‘Insight’ or ‘Insight Investment’, the corporate brand for certain asset management companies operated by Insight Investment Management Limited including, among others, Insight Investment Management (Global) Limited, Insight Investment International Limited and Insight Investment Management (Europe) Limited (IIMEL). Opinions expressed herein are current opinions of Insight, and are subject to change without notice. Insight assumes no responsibility to update such information or to notify a client of any changes. Any outlooks, forecasts or portfolio weightings presented herein are as of the date appearing on this material only and are also subject to change without notice. Insight disclaims any responsibility to update such views. No forecasts can be guaranteed. Nothing in this document is intended to constitute an offer or solicitation to sell or a solicitation of an offer to buy any product or service (nor shall any product or service be offered or sold to any person) in any jurisdiction in which either (a) INA is not licensed to conduct business, and/or (b) an offer, solicitation, purchase or sale would be unavailable or unlawful. This document should not be duplicated, amended, or forwarded to a third party without consent from INA. This is a marketing document intended for institutional investors only and should not be made available to or relied upon by retail investors. This material is provided for general information only and should not be construed as investment advice or a recommendation. You should consult with your adviser to determine whether any particular investment strategy is appropriate. Assets under management (AUM) represented by the value of the client’s assets or liabilities Insight is asked to manage. These will primarily be the mark-to-market value of securities managed on behalf of clients, including collateral if applicable. Where a client mandate requires Insight to manage some or all of a client’s liabilities (e.g. LDI strategies), AUM will be equal to the value of the client specific liability benchmark and/or the notional value of other risk exposure through the use of derivatives. Regulatory assets under management without exposures can be provided upon request. Unless otherwise specified, the performance shown herein is that of Insight Investment (for Global Investment Performance Standards (GIPS), the ‘firm’) and not specifically of Insight North America. A copy of the GIPS composite disclosure page is available upon request. Past performance is not a guide to future performance, which will vary. The value of investments and any income from them will fluctuate and is not guaranteed (this may partly be due to exchange rate changes). Future returns are not guaranteed and a loss of principal may occur. Targeted returns intend to demonstrate that the strategy is managed in such a manner as to seek to achieve the target return over a normal market cycle based on what Insight has observed in the market, generally, over the course of an investment cycle. In no circumstances should the targeted returns be regarded as a representation, warranty or prediction that the specific deal will reflect any particular performance or that it will achieve or is likely to achieve any particular result or that investors will be able to avoid losses, including total losses of their investment. The information shown is derived from a representative account deemed to appropriately represent the management styles herein. Each investor’s portfolio is individually managed and may vary from the information shown. The mention of a specific security is not a recommendation to buy or sell such security. The specific securities identified are not representative of all the securities purchased, sold or recommended for advisory clients. It should not be assumed that an investment in the securities identified will be profitable. Actual holdings will vary for each client and there is no guarantee that a particular client’s account will hold any or all of the securities listed. The quoted benchmarks within this document do not reflect deductions for fees, expenses or taxes. These benchmarks are unmanaged and cannot be purchased directly by investors. Benchmark performance is shown for illustrative purposes only and does not predict or depict the performance of any investment. There may be material factors relevant to any such comparison such as differences in volatility, and regulatory and legal restrictions between the indices shown and the strategy. Transactions in foreign securities may be executed and settled in local markets. Performance comparisons will be affected by changes in interest rates. Investment returns fluctuate due to changes in market conditions. Investment involves risk, including the possible loss of principal. No assurance can be given that the performance objectives of a given strategy will be achieved. Insight does not provide tax or legal advice to its clients and all investors are strongly urged to consult their tax and legal advisors regarding any potential strategy or investment. Information herein may contain, include or is based upon forward-looking statements within the meaning of the federal securities laws, specifically Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include all statements, other than statements of historical fact, that address future activities, events or developments, including without limitation, business or investment strategy or measures to implement strategy, competitive strengths, goals expansion and growth of our business, plans, prospects and references to future or success. You can identify these statements by the fact that they do not relate strictly to historical or current facts. Words such as ‘anticipate’, ‘estimate’, ‘expect’, ‘project’, ‘intend’, ‘plan’, ‘believe’, and other similar words are intended to identify these forward-looking statements. Forward-looking statements can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. Many such factors will be important in determining our actual future results or outcomes. Consequently, no forward-looking statement can be guaranteed. Our actual results or outcomes may vary materially. Given these uncertainties, you should not place undue reliance on these forward-looking statements. Insight and BNY Mellon Securities Corporation (BNYMSC) are subsidiaries of BNY Mellon. BNYMSC is a registered broker and FINRA member. BNY Mellon is the corporate brand of the Bank of New York Mellon Corporation and may also be used as a generic term to reference the Corporation as a whole or its various subsidiaries generally. Products and services may be provided under various brand names and in various countries by subsidiaries, affiliates and joint ventures of the Bank of New York Mellon Corporation where authorized and regulated as required within each jurisdiction. Unless you are notified to the contrary, the products and services mentioned are not insured by the FDIC (or by any government entity) and are not guaranteed by or obligations of the Bank of New York Mellon Corporation or any of its affiliates. The Bank of New York Mellon Corporation assumes no responsibility for the accuracy or completeness of the above data and disclaims all expressed or implied warranties in connection there with. Personnel of certain of our BNY Mellon affiliates may act as: (i) registered representatives of BNYMSC (in its capacity as a registered broker-dealer) to offer securities, (ii) officers of the Bank of New York Mellon (a New York chartered bank) to offer bank-maintained collective investment funds and (iii) associated persons of BNYMSC (in its capacity as a registered investment adviser) to offer separately managed accounts managed by BNY Mellon Investment Management firms. Disclaimer for Non-US Clients: Prospective clients should inform themselves as to the legal requirements and tax consequences within the countries of their citizenship, residence, domicile and place of business with respect to the purchase and ongoing provision of advisory services. No regulator or government authority has reviewed this document or the merits of the products and services referenced herein. This document is directed and intended for ‘institutional investors’ (as such term is defined in various jurisdictions). By accepting this document, you agree (a) to keep all information contained herein (the ‘Information’) confidential, (b) not use the Information for any purpose other than to evaluate a potential investment in any product described herein, and (c) not to distribute the Information to any person other than persons within your organization or to your client that has engaged you to evaluate an investment in such product. Telephone conversations may be recorded in accordance with applicable laws. © 2024 Insight Investment. All rights reserved. Insight Quarterly Investment Report 1MPR0214 FOR PROFESSIONAL CLIENTS ONLY, NOT TO BE DISTRIBUTED TO RETAIL CLIENTS THIS DOCUMENT SHOULD NOT BE REPRODUCED IN ANY FORM WITHOUT PRIOR WRITTEN APPROVAL PLEASE REFER TO THE RISK DISCLOSURES AT THE BACK OF THIS DOCUMENT Orange County Sanitation Client investment report: Q4 2024 This document has been prepared by Insight North America LLC (INA), a registered investment adviser under the Investment Advisers Act of 1940 and regulated by the US Securities and Exchange Commission. INA is part of ‘Insight’ or ‘Insight Investment’, the corporate brand for certain asset management companies operated by Insight Investment Management Limited including, among others, Insight Investment Management (Global) Limited and Insight Investment International Limited. The performance of Insight is being presented to show the historical performance of the portfolio management team responsible for managing the strategy. The track records presented include all accounts managed by Insight with substantially similar investment objectives, policies and strategies for which the strategy management teams were responsible. Advisory services referenced herein are available in the US only through INA. INA and its Insight affiliates are part of the GIPS® firm Insight Investment, which claims compliance with GIPS. Please refer to the important disclosures at the back of this document. 3MPR0214 •Economic review and outlook •Portfolio update •Compliance summary •Important disclosures Agenda Economic review and outlook 5MPR0214 Source: Bureau of Labor Statistics, as of January 10, 2025. 0 100 200 300 400 500 600 700 800 900 1,000 Ja n - 2 1 Fe b - … Ma r - … Ap r - 2 1 Ma y … Ju n - 2 1 Ju l - 2 1 Au g … Se p … Oc t - 2 1 No v … De c … Ja n - 2 2 Fe b - … Ma r - … Ap r - 2 2 Ma y … Ju n - 2 2 Ju l - 2 2 Au g … Se p … Oc t - 2 2 No v … De c … Ja n - 2 3 Fe b - … Ma r - … Ap r - 2 3 Ma y … Ju n - 2 3 Ju l - 2 3 Au g … Se p … Oc t - 2 3 No v … De c … Ja n - 2 4 Fe b - … Ma r - … Ap r - 2 4 Ma y … Ju n - 2 4 Ju l - 2 4 Au g … Se p … Oc t - 2 4 No v … De c … Th o u s a n d s Monthly job gains Total nonfarm employment gains The resilient labor market Though the US labor market has slowed markedly, it is still holding up reasonably well 6MPR0214 Source: Institute for Supply Management, as of January 7, 2025. 30 35 40 45 50 55 60 65 70 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Recession Manufacturing Services ISM index Manufacturing and nonmanufacturing sectors send mixed signals The manufacturing sector is stuck in neutral, with policy uncertainty looming Expansion Contraction 7MPR0214 Source: Federal Reserve, as of December 12, 2024. 0 20 40 60 80 100 120 140 160 180 450 500 550 600 650 700 750 800 850 900 1970 1972 1974 1976 1978 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 $tn% Net worth as a % of disposable personal income (LHS) Households net worth The wealth effect likely boosted consumption Consumer spending got a boost from rising household wealth thanks to the runup in the housing and stock markets 8MPR0214 Source: Conference Board, as of December 23, 2024. -20 -15 -10 -5 0 5 10 15 20 25 30 Jan-21 Apr-21 Jul-21 Oct-21 Jan-22 Apr-22 Jul-22 Oct-22 Jan-23 Apr-23 Jul-23 Oct-23 Jan-24 Apr-24 Jul-24 Oct-24 % Businessconditions Consumer expectations for 6 months hence — % expecting improvement less % expecting worsening Consumers are slightly skittish about the economy Consumers’ outlooks for business conditions, jobs, and income softened likely driven by policy uncertainty 9MPR0214 Source: Macrobond, as of December 20, 2024. 0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 % FRB Atlanta Core Sticky CPI FRB Dallas Trimmed Mean PCE Core CPI Core PCE FRB Cleveland Median PCE Underlying inflation measures, % year-over-year Inflation has been more stubborn lately Shelter and non-housing services prices, which have been easing at a modest pace, have kept core inflation elevated 10MPR0214 Source: Board of Governors of the Federal Reserve System, as of December 18, 2024. 2.0 3.0 4.0 5.0 6.0 September 2024 December 2024 % FOMC participants’ assessments of appropriate monetary policy at the end of 2025 FOMC members turn more cautious A resilient economy and still-elevated inflation have led the Fed to pare back the number of cuts it has penciled for 2025 Current Federal Funds Rate mid-point 11MPR0214 Source: Macrobond, Insight Investment as of January 3, 2025. ¹ The capex intentions index is an equal-weighted average of future capital expenditures sub-indexes from five regional Fed manufacturing surveys (Dallas, Kansas City, New York, Richmond, Philadelphia). -30 -20 -10 0 10 20 30 40 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Capex intentions index¹ Could the second Trump presidency spark a bump in capital spending? Capex intentions rose markedly following Trump’s victory in 2016 2016 elections 2024 elections Recession 12MPR0214 Source: Census Bureau, World Bank, Insight Investment, as of May 6, 2024. -1 0 1 2 3 4 5 6 7 8 9 10 11 -10 0 10 20 30 40 50 60 70 80 90 100 110 120 130 140 150 160 170 180 190 200 210 220 230 240 250 260 270 280 Av e r a g e t a r i f f d i f f e r e n t i a l ( % ) Trade deficit (2023, $bn) China Mexico Vietnam India Thailand Germany Canada Japan Ireland ItalyPortugal France Philippines SwedenDenmark Saudi Arabia SwitzerlandIndonesia South Africa Pakistan Cambodia South Korea Bilateral trade deficit and average MFN tariff differential for select countries Trump’s trade policy: a riddle wrapped in a mystery inside an enigma The new Trump administration will likely use trade deficits and tariff differentials to identify trade war targets Malaysia Finland 13MPR0214 Source: Insight, as of January 6, 2025. Any projections or forecasts contained herein are based upon certain assumptions considered reasonable. Projections are speculative in nature and some or all of the assumptions underlying the projections may not materialize or vary significantly from the actual results. Accordingly, the projections are only an estimate. Opinions expressed herein are as of the date stated and are subject to change without notice. Insight assumes no responsibility to update such information or to notify a client of any changes. •The US economy remains on solid footing, with the still-low unemployment rate and inflation within striking distance of the Fed's 2% target •Last year, the Fed reduced the benchmark interest rate by 100 basis points, citing a softening labor market and progress in reducing inflation. Given the current balance of risks, we expect a slower pace of cuts this year, but do not rule out the possibility of more aggressive cuts if macro conditions deteriorate rapidly •One of the major wildcards this year will be the scope and timing of economic policies of the incoming Trump 2.0 administration Key takeaways 2024 2025 2026 2.2 1.8 2.7 3.43.6 2.7 3.0 4.4 2.5Real GDP Consumer Price Index Policy rate (year-end) Portfolio update Orange County Liquid Operating 16MPR0214 Orange County Liquid Operating Portfolio summary as of December 31, 2024 Source: Insight/Northern Trust. Inception date for performance purposes: January 31, 2024. Returns are gross of fees. Benchmark history provided at the end of this section Portfolio summary ● Value: $116,215,740 ● Benchmark: ICE BofA US 3-Month Treasury Bill Performance blank 3 months Since inception % % Portfolio 1.19 4.49 Benchmark 1.17 4.38 Relative 0.02 0.11 17MPR0214 Orange County Liquid Operating Portfolio characteristics as of December 31, 2024 Approach used for credit rating: Average. All durations are effective duration. *Excludes Treasury. Summary Portfolio Benchmark Relative Yield to worst (%) 4.4 4.3 0.1 Effective duration (years) 0.1 0.2 0.0 Average coupon 2.7 0.0 2.7 Average life / Maturity 0.2 0.2 0.1 Average rating AA AA+ Top issuers* (%) Holding Federal Home Loan Banks 9.89 Caterpillar Financial Services Corp 4.94 Novartis Finance Corp 4.94 ING US Funding LLC 3.58 Federal Farm Credit Banks Funding Corp 3.22 Apple Inc 2.79 Tennessee Valley Authority Discount Notes 2.79 Chevron Corp 2.78 International Bank for Reconstruct & Development 1.97 Citibank NA - CITIBANK 1.85 Issuer overweight* Contribution to duration (years) Portfolio Benchmark Relative ING US Funding LLC 0.02 - 0.02 Microsoft Corp 0.01 - 0.01 Federal Home Loan Banks 0.01 - 0.01 Oncor Electric Delivery Co 0.01 - 0.01 Citibank NA - CITIBANK 0.01 - 0.01 Home Depot Inc/The 0.01 - 0.01 Bank of America Corp 0.01 - 0.01 Pfizer Inc 0.01 - 0.01 Intercontinental Exchange 0.01 - 0.01 AbbVie Inc 0.01 - 0.01 Total 0.11 - 0.11 Rating (%) 7.2 65.5 25.4 1.9 100.0 0 50 100 150 AAA AA A BBB BIG Cash NR Portfolio BenchmarkDuration (%) 2.3 44.5 18.3 13.9 10.0 11.0 100.0 0 40 80 120 1 day 2-7 days 8-30 days 31-90 91-180 181+Portfolio Benchmark 18MPR0214 Orange County Liquid Operating Portfolio allocation as of December 31, 2024 Sector (%) Market Value Portfolio Benchmark Relative Industrial 21.5 - 21.5 Agency 15.9 - 15.9 Financial Institutions 14.1 - 14.1 Cash and other 7.7 - 7.7 Supranational 3.7 - 3.7 Utility 3.2 - 3.2 Treasury 33.9 100.0 -66.1 Total 100.0 100.0 19MPR0214 Orange County Liquid Operating Contribution to duration as of December 31, 2024 All durations are effective duration. Sector Contribution to duration (years) Portfolio Benchmark Relative (CTD) Industrial 0.1 - 0.1 Financial Institutions 0.1 - 0.1 Agency 0.0 - 0.0 Utility 0.0 - 0.0 Supranational 0.0 - 0.0 Treasury 0.0 0.2 -0.1 Total 0.1 0.2 20MPR0214 Orange County Liquid Operating Contribution to duration as of December 31, 2024 Approach used for credit rating: Average. All durations are effective duration. Ratings Contribution to duration (years) Rating Portfolio Benchmark Relative AAA 0.02 - 0.02 AA 0.05 0.15 -0.11 A 0.09 - 0.09 BBB - - - BIG - - - NR - - - Total 0.15 0.15 0.00 0.0 0.0 0.10.2 0 1 AAA AA A BBB BIG NR Portfolio Benchmark Duration Contribution to duration (years) Portfolio Benchmark Relative 1 day - - - 2-7 days 0.00 - 0.00 8-30 days 0.01 - 0.01 31-90 0.02 0.15 -0.13 91-180 0.04 - 0.04 181+ 0.07 - 0.07 Total 0.15 0.15 0.00 0.0 0.0 0.0 0.0 0.1 0.2 0 1 1 day 2-7 days 8-30 days 31-90 91-180 181+ Portfolio Benchmark SECURITIES HELD As of December 31, 2024 ORANGE COUNTY LIQUID OPERATING PORTFOLIO Amortized cost Fair value Unrealized gain (loss) Coupon Maturity/ Call date Historical costCusip Total accrued interest % Port cost Par value or shares Description Cash and Cash Equivalents 0.000 2,182,839.90 2,182,839.90 0.00 0.00 1.892,182,839.902,182,839.90Cash and Cash Equivalents Total Cash and Cash Equivalents 2,182,839.90 2,182,839.90 2,182,839.90 0.00 1.890.002,182,839.90 Commercial Paper 14912DN88 0.000 01/08/2025 5,736,798.96 5,744,441.67 35.63 0.00 4.975,744,477.305,750,000.00CP CATERPILLAR FINANCIAL SERVICES CORP - CATMM 0% 08/01/2025 03785DN93 0.000 01/09/2025 3,240,358.33 3,246,384.37 46.51 0.00 2.813,246,430.883,250,000.00CP APPLE INC - APPLE 0% 09/01/2025 6698M4ND0 0.000 01/13/2025 5,733,363.33 5,740,988.47 14.05 0.00 4.965,741,002.525,750,000.00CP NOVARTIS FINANCE CORP - NOVMM 0% 13/01/2025 16677JPU4 0.000 02/28/2025 3,219,016.67 3,226,563.89 14.21 0.00 2.793,226,578.103,250,000.00CP CHEVRON CORP - CHEVMM 0% 28/02/2025 46590DSK7 0.000 05/19/2025 981,300.00 983,011.11 (32.17) 0.00 0.85982,978.941,000,000.00J P MORGAN SECS LLC 4/2 DISC COML 45685QSM2 0.000 05/21/2025 244,998.13 245,564.38 102.81 0.00 0.21245,667.19250,000.00ING US FDG LLC DISC COML PAPER 4/A2 YRS 1&2 21 MAY 2025 4497W0TR9 0.000 06/25/2025 3,908,613.33 3,913,989.02 (59.54) 0.00 3.383,913,929.484,000,000.00CP ING US FUNDING LLC 0% 25/06/2025 Total Commercial Paper 23,064,448.75 23,100,942.91 23,101,064.41 121.50 19.970.0023,250,000.00 Corporate Bonds 64952WEK5 1.450 01/14/2025 986,120.00 998,581.61 373.80 6,726.39 0.85998,955.411,000,000.00NEW YORK LIFE GLOBAL FDG 1.45% 14JAN2025 144A 21MPR0214 SECURITIES HELD As of December 31, 2024 ORANGE COUNTY LIQUID OPERATING PORTFOLIO Amortized cost Fair value Unrealized gain (loss) Coupon Maturity/ Call date Historical costCusip Total accrued interest % Port cost Par value or shares Description Corporate Bonds 46625HKC3 3.125 01/23/2025 1,991,300.00 1,997,801.10 11.14 27,430.56 1.721,997,812.242,000,000.00JPMORGAN CHASE & CO 3.125% 23JAN2025 CALLABLE 02361DAP5 3.250 03/01/2025 1,753,875.20 1,755,655.67 (288.76) 19,066.67 1.521,755,366.911,760,000.00AMEREN ILLINOIS CO 3.25% 01MAR2025 (CALLABLE 06FEB25) 24422EWS4 5.150 03/03/2025 1,433,260.16 1,432,426.83 1,007.30 24,172.96 1.241,433,434.131,432,000.00JOHN DEERE CAPITAL CORP 5.15% 03MAR2025 26875PAM3 3.150 04/01/2025 1,713,207.76 1,717,179.90 218.25 13,576.50 1.481,717,398.151,724,000.00EOG RESOURCES INC 3.15% 01APR2025 (CALLABLE 06FEB25) 64952WES8 5.266 04/21/2025 1,002,130.00 1,001,136.68 50.19 10,398.07 0.871,001,186.871,000,000.00NEW YORK LIFE GLOBAL FDG FRN 21APR2025 144A 00287YAQ2 3.600 05/14/2025 1,988,200.00 1,991,830.77 (94.05) 9,400.00 1.721,991,736.722,000,000.00ABBVIE INC 3.6% 14MAY2025 (CALLABLE 14FEB25) 45866FAT1 3.650 05/23/2025 1,859,926.94 1,863,696.64 (405.16) 7,208.55 1.611,863,291.481,871,000.00INTERCONTINENTALEXCHANGE 3.65% 23MAY2025 717081EX7 0.800 05/28/2025 1,958,525.25 1,969,612.55 (323.73) 1,466.67 04/28/2025 1.701,969,288.822,000,000.00PFIZER INC 0.8% 28MAY2025 (CALLABLE 28APR25) 6944PL2T5 5.336 06/16/2025 858,052.35 856,930.84 845.70 1,901.29 0.74857,776.54855,000.00PACIFIC LIFE GF II FRN 16JUN2025 144A 24422EXA2 5.225 07/03/2025 500,615.00 500,401.28 243.72 6,463.48 0.43500,645.00500,000.00JOHN DEERE CAPITAL CORP FRN 03JUL2025 6174468C6 4.000 07/23/2025 1,261,708.26 1,261,928.86 (1,129.42) 22,225.33 1.091,260,799.441,266,000.00MORGAN STANLEY 4% 23JUL2025 06051GFS3 3.875 08/01/2025 1,989,540.00 1,991,733.86 (1,527.00) 32,291.67 1.721,990,206.862,000,000.00BANK OF AMERICA CORP 3.875% 01AUG2025 22MPR0214 SECURITIES HELD As of December 31, 2024 ORANGE COUNTY LIQUID OPERATING PORTFOLIO Amortized cost Fair value Unrealized gain (loss) Coupon Maturity/ Call date Historical costCusip Total accrued interest % Port cost Par value or shares Description Corporate Bonds 20030NBN0 3.375 08/15/2025 991,010.00 993,119.90 (1,673.96) 12,750.00 05/15/2025 0.86991,445.941,000,000.00COMCAST CORP 3.375% 15AUG2025 (CALLABLE 15MAY25) 437076CR1 4.000 09/15/2025 1,995,040.00 1,995,245.11 (1,898.97) 23,555.56 08/15/2025 1.731,993,346.142,000,000.00HOME DEPOT INC 4% 15SEP2025 (CALLABLE 15AUG25) 17325FBA5 5.864 09/29/2025 2,120,076.00 2,118,426.60 80.22 31,470.13 08/29/2025 1.842,118,506.822,100,000.00CITIBANK NA 5.864% 29SEP2025 (CALLABLE 29AUG25) 68233JBZ6 0.550 10/01/2025 1,940,440.00 1,942,763.26 (1,611.20) 2,750.00 09/01/2025 1.681,941,152.062,000,000.00ONCOR ELECTRIC DELIVERY 0.55% 01OCT2025 (CALLABLE 01SEP25) 594918BJ2 3.125 11/03/2025 2,077,635.00 2,078,418.49 (327.14) 10,572.92 08/03/2025 1.802,078,091.352,100,000.00MICROSOFT CORP 3.125% 03NOV2025 (CALLABLE 03AUG25) Total Corporate Bonds 28,420,661.92 28,466,889.95 28,460,440.88 (6,449.07)24.61263,426.7528,608,000.00 Government Agencies 3130ANBF6 0.650 01/29/2025 2,733,472.50 2,741,591.27 682.58 7,547.22 2.372,742,273.852,750,000.00FEDERAL HOME LOAN BANK 0.65% 29JAN2025 CALLABLE 4581X0DR6 4.881 02/04/2025 2,000,861.68 2,000,274.17 (70.13) 15,473.60 1.732,000,204.042,000,000.00INTER-AMERICAN DEVEL BK FRN 04FEB2025 3133EPLN3 4.550 03/07/2025 2,383,840.38 2,382,663.74 128.56 7,443.09 2.062,382,792.302,382,000.00FEDERAL FARM CREDIT BANK FRN 07MAR2025 #0000 3133EPRC1 4.520 05/27/2025 500,274.00 500,251.74 (8.58) 2,201.11 0.43500,243.16500,000.00FEDERAL FARM CREDIT BANK FRN 27MAY2025 3130AXD54 4.975 06/27/2025 550,368.50 550,237.66 77.40 304.03 0.48550,315.06550,000.00FEDERAL HOME LOAN BANK FRN 27JUN2025 3130AK5E2 0.375 09/04/2025 242,750.00 243,472.32 (2.39) 304.69 0.21243,469.93250,000.00FEDERAL HOME LOAN BANK 0.375% 04SEP2025 23MPR0214 SECURITIES HELD As of December 31, 2024 ORANGE COUNTY LIQUID OPERATING PORTFOLIO Amortized cost Fair value Unrealized gain (loss) Coupon Maturity/ Call date Historical costCusip Total accrued interest % Port cost Par value or shares Description Government Agencies 459058JJ3 4.805 09/18/2025 2,285,810.38 2,285,185.74 9.04 3,971.54 1.982,285,194.782,282,000.00INTL BK RECON & DEVELOP FRN 18SEP2025 3133EPWW1 4.995 09/25/2025 375,330.00 375,242.97 (42.83) 312.19 0.32375,200.14375,000.00FEDERAL FARM CREDIT BANK FRN 25SEP2025 #0000 Total Government Agencies 11,072,707.44 11,078,919.61 11,079,693.26 773.65 9.5937,557.4711,089,000.00 Government Bonds 91282CGF2 4.476 01/31/2025 35,003,913.47 35,002,593.33 (1,457.93) 274,032.82 30.3135,001,135.4035,000,000.00US TREASURY FRN FRN 31JAN2025 91282CHS3 4.401 07/31/2025 3,500,308.39 3,500,293.18 592.08 26,958.49 3.033,500,885.263,500,000.00US TREASURY FRN FRN 31JUL2025 Total Government Bonds 38,504,221.86 38,502,886.51 38,502,020.66 (865.85)33.34300,991.3138,500,000.00 Short Term Bills and Notes 880590AQ7 0.000 01/15/2025 3,238,663.82 3,244,136.46 162.49 0.00 2.803,244,298.953,250,000.00TVA DISCOUNT NOTE DUE 1/15/25 313385BM7 0.000 02/05/2025 993,542.50 995,695.00 80.00 0.00 0.86995,775.001,000,000.00FEDERAL HOME LOAN BANK DN DUE 2/5/25 313385CL8 0.000 02/28/2025 6,921,967.50 6,949,407.50 2,122.33 0.00 5.996,951,529.837,000,000.00FEDERAL HOME LOAN BANK DN DUE 2/28/25 912797NC7 0.000 04/24/2025 614,554.69 616,494.53 421.45 0.00 0.53616,915.98625,000.00USA TREASURY BILLS 0% 24APR2025 24MPR0214 SECURITIES HELD As of December 31, 2024 ORANGE COUNTY LIQUID OPERATING PORTFOLIO Amortized cost Fair value Unrealized gain (loss) Coupon Maturity/ Call date Historical costCusip Total accrued interest % Port cost Par value or shares Description Short Term Bills and Notes 3133ERGW5 4.346 06/12/2025 477,530.21 477,596.97 484.29 1,103.93 0.41478,081.26478,000.00FEDERAL FARM CREDIT BANK FRN 12JUN2025 Total Short Term Bills and Notes 12,246,258.72 12,283,330.46 12,286,601.02 3,270.56 10.601,103.9312,353,000.00 Grand total 115,491,138.59 115,615,809.34 (3,149.21)115,982,839.90 100.00603,079.46115,612,660.13 25MPR0214 Orange County Long Term 27MPR0214 Orange County Long Term Portfolio summary as of December 31, 2024 Source: Insight/Northern Trust. Inception date for performance purposes: January 31, 2024. Returns are gross of fees. Benchmark history provided at the end of this section Portfolio summary ●Value: $636,951,915 ●Benchmark: ICE BofA 1-5 Year AAA-A US Corporate & Government Index Performance blank 3 months Since inception % % Portfolio -0.66 3.96 Benchmark -0.71 4.00 Relative 0.05 -0.03 28MPR0214 Orange County Long Term Portfolio characteristics as of December 31, 2024 Approach used for credit rating: Average. All durations are effective duration. *Excludes Treasury. Summary Portfolio Benchmark Relative Yield to worst (%) 4.5 4.4 0.0 Effective duration (years) 2.6 2.5 0.1 Average coupon 2.8 3.0 -0.3 Average life / Maturity 2.8 2.7 0.1 Average rating AA AA Top issuers* (%) Holding Fannie Mae 5.58 Freddie Mac 5.02 International Bank for Reconstruct & Development 4.60 Inter American Development Bank 4.60 Bank of America Corp 2.42 Resolution Funding Corp Interest Strip 2.30 State Street Bank & Trust Co 1.98 Federal Home Loan Banks 1.77 JPMorgan Chase & Co 1.66 Morgan Stanley 1.58 Issuer overweight* Contribution to duration (years) Portfolio Benchmark Relative Intrn Bank for Reconstr&Dev 0.15 0.01 0.13 Inter American Dev Bank 0.12 0.01 0.11 Freddie Mac 0.10 0.00 0.09 Resolution Fund Corp Strip 0.09 - 0.09 Federal Home Loan Banks 0.05 0.01 0.05 Citibank NA - CITIBANK 0.05 0.00 0.05 ERAC USA Finance LLC 0.04 0.00 0.04 Meta Platforms Inc 0.04 0.00 0.04 State Street Bank & Trust Co 0.04 0.00 0.03 John Deere Capital Corp 0.04 0.00 0.03 Total 0.71 0.04 0.66 Rating (%) 14.7 67.7 17.5 4.0 80.5 15.5 0 50 100 AAA AA A BBB BIG Cash NR Portfolio BenchmarkDuration (%) 11.8 20.1 24.2 35.5 8.4 3.8 35.0 27.3 24.7 9.2 0 10 20 30 40 0-1 1-2 2-3 3-4 4-5 5+Portfolio Benchmark 29MPR0214 Orange County Long Term Portfolio allocation as of December 31, 2024 Sector (%) Market Value Portfolio Benchmark Relative Agency 12.8 4.2 8.6 Supranational 9.9 2.6 7.3 ABS 4.8 - 4.8 Financial Institutions 14.1 10.4 3.7 CMBS 2.7 - 2.7 Industrial 7.7 6.0 1.7 Utility 0.9 0.6 0.3 CMO 0.2 - 0.2 Cash and other 0.1 - 0.1 Local Authority - 0.7 -0.7 Sovereign - 0.9 -0.9 Treasury 46.8 74.6 -27.8 Total 100.0 100.0 30MPR0214 Orange County Long Term Contribution to duration as of December 31, 2024 All durations are effective duration. Sector Contribution to duration (years) Portfolio Benchmark Relative (CTD) Supranational 0.3 0.1 0.2 Agency 0.2 0.1 0.1 CMBS 0.1 - 0.1 Industrial 0.2 0.2 0.1 ABS 0.1 - 0.1 Financial Institutions 0.3 0.3 0.0 CMO 0.0 - 0.0 Utility 0.0 0.0 0.0 Local Authority - 0.0 0.0 Sovereign - 0.0 0.0 Treasury 1.4 1.9 -0.5 Total 2.6 2.5 31MPR0214 Orange County Long Term Contribution to duration as of December 31, 2024 Approach used for credit rating: Average. All durations are effective duration. Ratings Contribution to duration (years) Rating Portfolio Benchmark Relative AAA 0.34 0.10 0.24 AA 1.82 1.99 -0.17 A 0.43 0.39 0.04 BBB - - - BIG - - - NR - - - Total 2.59 2.48 0.11 0.3 1.8 0.4 0.1 2.0 0.4 0 1 2 3 AAA AA A BBB BIG NR Portfolio Benchmark Duration Contribution to duration (years) Portfolio Benchmark Relative 0-1 0.06 0.04 0.03 1-2 0.31 0.52 -0.20 2-3 0.61 0.67 -0.07 3-4 1.24 0.87 0.37 4-5 0.37 0.39 -0.02 5+ - - - Total 2.59 2.48 0.11 0.1 0.3 0.6 1.2 0.4 0.0 0.5 0.7 0.9 0.4 0 1 2 0-1 1-2 2-3 3-4 4-5 5+ Portfolio Benchmark SECURITIES HELD As of December 31, 2024 ORANGE COUNTY LONG TERM PORTFOLIO Amortized cost Fair value Unrealized gain (loss) Coupon Maturity/ Call date Historical costCusip Total accrued interest % Port cost Par value or shares Description Asset Backed Securities 43815BAC4 1.880 05/15/2026 1,239,398.76 1,239,524.92 (10,584.04) 1,035.74 0.191,228,940.881,239,585.20HONDA AUTO RECEIVABLES OWNER T HAROT 2022-1 A3 47800AAC4 3.740 02/16/2027 1,916,649.80 1,916,748.13 (8,261.36) 3,186.20 0.301,908,486.771,916,832.85JOHN DEERE OWNER TRUST JDOT 2022-B A3 02582JJT8 3.390 05/15/2027 6,618,535.66 6,619,304.05 (28,720.68) 9,974.13 1.036,590,583.376,620,000.00AMERICAN EXPRESS CREDIT ACCOUN AMXCA 2022-2 A 47800BAC2 5.090 06/15/2027 3,079,107.06 3,079,220.44 9,110.50 6,966.17 0.483,088,330.943,079,346.02JOHN DEERE OWNER TRUST JDOT 2022-C A3 02582JJV3 3.750 08/15/2027 1,934,062.50 1,963,940.43 26,847.57 3,333.33 0.301,990,788.002,000,000.00AMERICAN EXPRESS CREDIT ACCOUN AMXCA 2022-3 A 05592XAD2 5.470 02/25/2028 1,414,749.26 1,414,829.08 13,167.70 1,290.01 0.221,427,996.781,415,000.00BMW VEHICLE OWNER TRUST BMWOT 2023-A A3 161571HV9 4.600 01/16/2029 8,038,775.51 8,039,005.66 21,150.62 16,437.33 1.258,060,156.288,040,000.00CHASE ISSUANCE TRUST CHAIT 2024-A1 A 92348KBG7 4.490 01/22/2029 4,448,387.11 4,448,631.06 7,546.40 6,112.01 0.694,456,177.464,455,000.00VERIZON MASTER TRUST VZMT 2023-1 A 43816DAC9 4.330 05/15/2029 1,972,720.82 1,972,733.51 (9,383.85) 3,796.93 0.311,963,349.661,973,000.00HONDA AUTO RECEIVABLES SR 24-4 CL A3 4.33% 05-15-2029 Total Asset Backed Securities 30,662,386.48 30,693,937.28 30,714,810.14 20,872.86 4.7852,131.8530,738,764.07 Cash and Cash Equivalents 0.000 273,432.32 273,432.32 0.00 0.00 0.04273,432.32273,432.32Cash and Cash Equivalents Total Cash and Cash Equivalents 273,432.32 273,432.32 273,432.32 0.00 0.040.00273,432.32 32MPR0214 SECURITIES HELD As of December 31, 2024 ORANGE COUNTY LONG TERM PORTFOLIO Amortized cost Fair value Unrealized gain (loss) Coupon Maturity/ Call date Historical costCusip Total accrued interest % Port cost Par value or shares Description Corporate Bonds 06406HCQ0 3.950 11/18/2025 1,537,365.00 1,508,446.72 (15,755.63) 7,077.08 10/18/2025 0.241,492,691.091,500,000.00BANK OF NY MELLON CORP 3.95% 18NOV2025 (CALLABLE 18OCT25) 06051GHY8 2.015 02/13/2026 2,583,450.00 2,502,527.01 (10,857.08) 19,310.42 02/13/2025 0.402,491,669.932,500,000.00BANK OF AMERICA CORP 2.015% 13FEB2026 (CALLABLE 13FEB25) 46647PBH8 2.005 03/13/2026 3,602,345.00 3,505,228.26 (25,473.97) 21,052.50 03/13/2025 0.563,479,754.293,500,000.00JPMORGAN CHASE & CO 2.005% 13MAR2026 (CALLABLE 13MAR25) 40139LBD4 1.250 05/13/2026 3,124,290.00 3,209,625.39 (104,321.73) 5,416.67 0.493,105,303.663,250,000.00GUARDIAN LIFE GLOB FUND 1.25% 13MAY2026 144A 91324PEC2 1.150 05/15/2026 3,904,703.05 3,971,183.88 (148,276.88) 5,877.78 04/15/2026 0.613,822,907.004,000,000.00UNITEDHEALTH GROUP INC 1.15% 15MAY2026 (CALLABLE 15APR26) 89236TJK2 1.125 06/18/2026 7,281,794.60 7,284,061.83 (346,347.83) 2,959.53 1.146,937,714.007,285,000.00TOYOTA MOTOR CREDIT CORP 1.125% 18JUN2026 06051GJD2 1.319 06/19/2026 2,254,432.50 2,250,521.65 (37,291.15) 989.25 06/19/2025 0.352,213,230.502,250,000.00BANK OF AMERICA CORP 1.319% 19JUN2026 (CALLABLE 19JUN25) 58989V2D5 1.250 09/14/2026 3,741,554.60 3,743,829.94 (201,610.53) 13,913.72 0.583,542,219.413,745,000.00MET TOWER GLOBAL FUNDING 1.25% 14SEP2026 144A 06368FAC3 1.250 09/15/2026 2,994,647.40 2,998,177.27 (161,308.99) 11,041.67 0.472,836,868.283,000,000.00BANK OF MONTREAL 1.25% 15SEP2026 931142ER0 1.050 09/17/2026 1,721,739.75 1,723,888.63 (92,119.52) 5,232.50 08/17/2026 0.271,631,769.111,725,000.00WALMART INC 1.05% 17SEP2026 (CALLABLE 17AUG26) 857449AC6 4.594 11/25/2026 12,500,000.00 12,500,000.00 25,505.38 57,425.00 1.9512,525,505.3812,500,000.00STATE STREET BANK & TR NEW ISSUE 2YR 59217GER6 1.875 01/11/2027 5,913,251.20 5,917,272.87 (311,899.50) 52,416.67 0.925,605,373.375,920,000.00MET LIFE GLOB FUNDING I 1.875% 11JAN2027 144A 33MPR0214 SECURITIES HELD As of December 31, 2024 ORANGE COUNTY LONG TERM PORTFOLIO Amortized cost Fair value Unrealized gain (loss) Coupon Maturity/ Call date Historical costCusip Total accrued interest % Port cost Par value or shares Description Corporate Bonds 89236TJZ9 3.050 03/22/2027 1,945,900.00 1,974,920.12 (39,975.86) 16,775.00 0.301,934,944.262,000,000.00TOYOTA MOTOR CREDIT CORP 3.05% 22MAR2027 927804GH1 3.750 05/15/2027 5,736,523.40 5,735,725.64 (120,167.28) 27,480.21 04/15/2027 0.895,615,558.365,735,000.00VIRGINIA ELEC & POWER CO 3.75% 15MAY2027 (CALLABLE 15APR27) B 14913R3A3 3.600 08/12/2027 3,213,062.50 3,230,539.64 (49,617.38) 45,175.00 0.503,180,922.263,250,000.00CATERPILLAR FINL SERVICE 3.6% 12AUG2027 24422EWK1 4.150 09/15/2027 1,972,620.00 1,985,136.14 (3,959.08) 24,438.89 0.311,981,177.062,000,000.00JOHN DEERE CAPITAL CORP 4.15% 15SEP2027 06051GGF0 3.824 01/20/2028 5,907,613.65 6,043,276.96 104,663.95 107,313.66 01/20/2027 0.926,147,940.916,275,000.00BANK OF AMERICA CORP 3.824% 20JAN2028 (CALLABLE 20JAN27) 24422EWR6 4.750 01/20/2028 6,580,745.00 6,549,509.20 (16,015.93) 138,079.86 1.036,533,493.276,500,000.00JOHN DEERE CAPITAL CORP 4.75% 20JAN2028 91324PEP3 5.250 02/15/2028 5,114,225.00 5,072,761.13 5,164.67 99,166.67 01/15/2028 0.805,077,925.805,000,000.00UNITEDHEALTH GROUP INC 5.25% 15FEB2028 (CALLABLE 15JAN28) 61747YFP5 5.652 04/13/2028 9,753,225.60 9,752,464.87 163,154.87 119,398.50 04/13/2027 1.529,915,619.749,750,000.00MORGAN STANLEY 5.652% 13APR2028 (CALLABLE 13APR27) 20030NCH2 3.550 05/01/2028 4,785,920.00 4,855,799.17 (56,102.17) 29,583.33 02/01/2028 0.754,799,697.005,000,000.00COMCAST CORP 3.55% 01MAY2028 (CALLABLE 01FEB28) 58933YBH7 4.050 05/17/2028 6,994,864.00 6,996,542.86 (100,444.14) 34,650.00 04/17/2028 1.096,896,098.727,000,000.00MERCK & CO INC 4.05% 17MAY2028 (CALLABLE 17APR28) 06406RBG1 3.992 06/13/2028 2,403,150.00 2,431,986.13 22,291.65 4,990.00 06/13/2027 0.372,454,277.782,500,000.00BANK OF NY MELLON CORP 3.992% 13JUN2028 (CALLABLE 13JUN27) 02665WEM9 5.125 07/07/2028 988,260.00 991,382.05 15,432.10 24,770.83 0.151,006,814.151,000,000.00AMERICAN HONDA FINANCE 5.125% 07JUL2028 34MPR0214 SECURITIES HELD As of December 31, 2024 ORANGE COUNTY LONG TERM PORTFOLIO Amortized cost Fair value Unrealized gain (loss) Coupon Maturity/ Call date Historical costCusip Total accrued interest % Port cost Par value or shares Description Corporate Bonds 756109BS2 4.700 12/15/2028 5,462,290.00 5,469,588.71 2,905.52 11,488.89 11/15/2028 0.855,472,494.235,500,000.00REALTY INCOME CORP 4.7% 15DEC2028 (CALLABLE 15NOV28) 46647PAM8 3.509 01/23/2029 6,868,505.00 6,932,521.51 23,835.80 111,654.43 01/23/2028 1.076,956,357.317,250,000.00JPMORGAN CHASE & CO 3.509% 23JAN2029 (CALLABLE 23JAN28) 26884TAY8 5.000 02/15/2029 7,272,330.00 7,268,565.80 9,228.24 136,944.44 01/15/2029 1.137,277,794.047,250,000.00ERAC USA FINANCE LLC 5% 15FEB2029 (CALLABLE 15JAN29) 144A 06051GHG7 3.970 03/05/2029 4,305,375.00 4,335,350.97 28,719.92 57,565.00 03/05/2028 0.674,364,070.894,500,000.00BANK OF AMERICA CORP 3.97% 05MAR2029 (CALLABLE 05MAR28) 17325FBK3 4.838 08/06/2029 7,501,725.00 7,501,684.32 (35,611.99) 146,147.92 07/06/2029 1.177,466,072.337,500,000.00CITIBANK NA 4.838% 06AUG2029 (CALLABLE 06JUL29) 30303M8S4 4.300 08/15/2029 6,329,547.00 6,328,144.02 (105,667.16) 106,855.00 07/15/2029 0.996,222,476.866,300,000.00META PLATFORMS INC 4.3% 15AUG2029 (CALLABLE 15JUL29) Total Corporate Bonds 144,295,454.25 144,570,662.69 142,988,740.99 (1,581,921.70)22.501,445,190.42145,485,000.00 Government Agencies 3135G03U5 0.625 04/22/2025 8,997,886.03 8,999,868.39 (98,227.05) 10,781.25 1.408,901,641.349,000,000.00FANNIE MAE 0.625% 22APR2025 3135G04Z3 0.500 06/17/2025 9,884,496.65 9,903,098.80 (164,533.51) 1,925.97 1.549,738,565.299,905,000.00FANNIE MAE 0.5% 17JUN2025 3137EAEU9 0.375 07/21/2025 5,004,950.60 5,027,204.37 (105,818.97) 8,383.33 0.784,921,385.405,030,000.00FREDDIE MAC 0.375% 21JUL2025 USD 3135G05X7 0.375 08/25/2025 7,907,817.40 7,940,148.30 (194,090.15) 10,427.81 1.237,746,058.157,945,000.00FANNIE MAE 0.375% 25AUG2025 3137EAEX3 0.375 09/23/2025 7,636,943.40 7,656,633.05 (207,223.68) 7,819.58 1.197,449,409.377,660,000.00FREDDIE MAC 0.375% 23SEP2025 35MPR0214 SECURITIES HELD As of December 31, 2024 ORANGE COUNTY LONG TERM PORTFOLIO Amortized cost Fair value Unrealized gain (loss) Coupon Maturity/ Call date Historical costCusip Total accrued interest % Port cost Par value or shares Description Government Agencies 459058JL8 0.500 10/28/2025 1,995,291.57 1,999,198.22 (62,053.06) 1,750.00 0.311,937,145.162,000,000.00INTL BK RECON & DEVELOP 0.5% 28OCT2025 3135G06G3 0.500 11/07/2025 8,225,447.10 8,249,956.79 (252,849.92) 6,191.25 1.287,997,106.878,255,000.00FANNIE MAE 0.5% 07NOV2025 4581X0DV7 0.875 04/20/2026 13,308,765.40 13,354,081.71 (569,172.70) 23,072.54 2.0712,784,909.0113,370,000.00INTER-AMERICAN DEVEL BK 0.875% 20APR2026 3130ATS57 4.500 03/10/2028 7,662,525.00 7,604,415.50 (76,882.92) 104,062.50 1.197,527,532.587,500,000.00FEDERAL HOME LOAN BANK 4.5% 10MAR2028 880591EZ1 3.875 03/15/2028 6,848,198.00 6,833,348.69 (120,052.26) 77,643.16 1.076,713,296.436,805,000.00TENN VALLEY AUTHORITY 3.875% 15MAR2028 3130AWMN7 4.375 06/09/2028 2,511,025.00 2,507,787.90 (8,344.40) 6,684.03 0.392,499,443.502,500,000.00FEDERAL HOME LOAN BANK 4.375% 09JUN2028 459058KT9 3.500 07/12/2028 14,424,808.40 14,586,641.97 (17,463.42) 246,458.33 2.2514,569,178.5515,000,000.00INTL BK RECON & DEVELOP 3.5% 12JUL2028 45950KDD9 4.500 07/13/2028 4,125,415.70 4,126,772.23 19,521.28 86,730.00 0.644,146,293.514,130,000.00INTL FINANCE CORP 4.5% 13JUL2028 4581X0DC9 3.125 09/18/2028 7,827,314.00 7,922,142.69 (30,210.10) 73,763.02 1.227,891,932.598,250,000.00INTER-AMERICAN DEVEL BK 3.125% 18SEP2028 76116EHL7 0.000 10/15/2028 6,377,175.00 6,426,995.84 (91,686.36) 0.00 0.996,335,309.487,500,000.00RESOLUTION FUNDING STRIP 0% 15OCT2028 76116EGP9 0.000 01/15/2029 8,052,300.00 8,284,253.67 36,715.03 0.00 1.268,320,968.7010,000,000.00RESOLUTION FUNDING STRIP 0% 15JAN2029 4581X0EN4 4.125 02/15/2029 6,931,610.00 6,943,609.58 (29,388.42) 109,083.33 1.086,914,221.167,000,000.00INTER-AMERICAN DEVEL BK 4.125% 15FEB2029 36MPR0214 SECURITIES HELD As of December 31, 2024 ORANGE COUNTY LONG TERM PORTFOLIO Amortized cost Fair value Unrealized gain (loss) Coupon Maturity/ Call date Historical costCusip Total accrued interest % Port cost Par value or shares Description Government Agencies 45906M5K3 4.750 07/30/2029 6,084,115.95 6,080,575.62 (20,422.93) 119,739.58 07/30/2026 0.956,060,152.696,050,000.00INTL BK RECON & DEVELOP 4.75% 30JUL2029 (CALLABLE 30JUL26) 45818WFV3 3.900 08/15/2029 1,497,877.50 1,497,978.28 (34,274.57) 22,100.00 0.231,463,703.711,500,000.00INTER-AMERICAN DEVEL BK 3.9% 15AUG2029 3134A3U53 0.000 09/15/2029 2,057,500.00 2,076,751.49 (54,648.19) 0.00 0.322,022,103.302,500,000.00FREDDIE MAC 0% 15SEP2029 3130AH6Y4 2.060 09/27/2029 1,189,630.00 1,194,747.72 (34,769.65) 6,992.56 03/27/2025 0.191,159,978.071,300,000.00FEDERAL HOME LOAN BANK 2.06% 27SEP2029 (CALLABLE 27MAR25) 459058LN1 3.875 10/16/2029 6,442,780.50 6,444,918.65 (111,946.68) 52,473.96 1.006,332,971.976,500,000.00INTL BK RECON & DEVELOP 3.875% 16OCT2029 Total Government Agencies 144,993,873.20 145,661,129.46 143,433,306.83 (2,227,822.63)22.60976,082.20149,700,000.00 Government Bonds 91282CBH3 0.375 01/31/2026 7,952,449.65 8,028,503.09 (304,590.96) 12,438.69 1.247,723,912.138,050,000.00USA TREASURY 0.375% 31JAN2026 91282CBT7 0.750 03/31/2026 9,943,359.37 9,985,761.61 (407,636.61) 18,956.04 1.559,578,125.0010,000,000.00USA TREASURY 0.75% 31MAR2026 91282CCF6 0.750 05/31/2026 7,443,750.00 7,483,946.35 (341,075.27) 4,790.52 1.167,142,871.087,500,000.00USA TREASURY 0.75% 31MAY2026 91282CCW9 0.750 08/31/2026 7,874,375.01 7,957,113.98 (402,738.94) 20,220.99 1.237,554,375.048,000,000.00USA TREASURY 0.75% 31AUG2026 91282CDG3 1.125 10/31/2026 19,119,013.68 19,200,935.14 (1,004,421.42) 36,492.58 2.9818,196,513.7219,250,000.00USA TREASURY 1.125% 31OCT2026 912828Z78 1.500 01/31/2027 17,870,410.15 18,230,983.79 (736,921.29) 115,373.64 2.7917,494,062.5018,500,000.00USA TREASURY 1.5% 31JAN2027 37MPR0214 SECURITIES HELD As of December 31, 2024 ORANGE COUNTY LONG TERM PORTFOLIO Amortized cost Fair value Unrealized gain (loss) Coupon Maturity/ Call date Historical costCusip Total accrued interest % Port cost Par value or shares Description Government Bonds 91282CEN7 2.750 04/30/2027 16,417,148.44 16,717,223.84 (283,669.11) 78,777.62 2.5616,433,554.7317,000,000.00USA TREASURY 2.75% 30APR2027 91282CEW7 3.250 06/30/2027 20,645,273.45 20,574,350.63 (557,221.77) 0.00 3.2220,017,128.8620,500,000.00USA TREASURY 3.25% 30JUN2027 91282CGC9 3.875 12/31/2027 3,517,746.09 3,510,831.64 (51,437.10) 0.00 0.553,459,394.543,500,000.00USA TREASURY 3.875% 31DEC2027 91282CGT2 3.625 03/31/2028 19,977,363.28 19,984,976.41 (399,038.81) 183,241.76 3.1119,585,937.6020,000,000.00USA TREASURY 3.625% 31MAR2028 91282CHE4 3.625 05/31/2028 12,265,527.35 12,337,381.87 (112,772.49) 38,590.32 1.9112,224,609.3812,500,000.00USA TREASURY 3.625% 31MAY2028 91282CCR0 1.000 07/31/2028 15,215,664.06 15,258,275.07 (126,282.84) 70,679.35 2.3715,131,992.2317,000,000.00USA TREASURY 1% 31JUL2028 91282CHQ7 4.125 07/31/2028 22,135,937.51 22,233,672.41 108,124.47 385,878.06 3.4522,341,796.8822,500,000.00USA TREASURY 4.125% 31JUL2028 91282CJA0 4.625 09/30/2028 20,262,578.13 20,202,860.87 (18,485.87) 233,791.21 3.1620,184,375.0020,000,000.00USA TREASURY 4.625% 30SEP2028 91282CJN2 4.375 11/30/2028 17,832,089.84 17,762,804.91 (258,019.71) 65,204.33 2.7817,504,785.2017,500,000.00USA TREASURY 4.375% 30NOV2028 91282CJR3 3.750 12/31/2028 19,664,394.53 19,726,689.19 (178,251.59) 0.00 3.0719,548,437.6020,000,000.00USA TREASURY 3.75% 31DEC2028 91282CDW8 1.750 01/31/2029 7,326,798.83 7,470,105.97 69,030.71 60,753.06 1.147,539,136.688,350,000.00USA TREASURY 1.75% 31JAN2029 9128286B1 2.625 02/15/2029 7,287,515.62 7,371,174.92 (79,698.34) 76,781.25 1.147,291,476.587,800,000.00USA TREASURY 2.625% 15FEB2029 38MPR0214 SECURITIES HELD As of December 31, 2024 ORANGE COUNTY LONG TERM PORTFOLIO Amortized cost Fair value Unrealized gain (loss) Coupon Maturity/ Call date Historical costCusip Total accrued interest % Port cost Par value or shares Description Government Bonds 91282CEE7 2.375 03/31/2029 11,737,304.69 11,773,378.12 (238,710.12) 75,034.34 1.8311,534,668.0012,500,000.00USA TREASURY 2.375% 31MAR2029 912833XP0 0.000 08/15/2029 19,002,612.50 19,143,668.45 (266,222.01) 0.00 2.9618,877,446.4423,250,000.00USA TREASURY COUPON STRIP 0% 15AUG2029 91282CFJ5 3.125 08/31/2029 9,909,301.91 9,925,307.86 (217,837.18) 107,950.62 1.549,707,470.6810,250,000.00USA TREASURY 3.125% 31AUG2029 912833XT2 0.000 11/15/2029 7,404,712.00 7,404,712.00 (24,435.20) 0.00 1.157,380,276.809,200,000.00USA TREASURY COUPON STRIP 0% 15NOV2029 Total Government Bonds 300,805,326.09 302,284,658.12 296,452,346.67 (5,832,311.45)46.901,584,954.38313,150,000.00 Government Mortgage Backed Securities 36225CAZ9 3.750 12/20/2026 2,145.85 2,111.95 8.57 6.60 0.002,120.522,110.90GOVERNMENT NATIONAL MORTGAGE A G2 80023 36225CC20 5.000 06/20/2027 2,661.95 2,607.09 (19.16) 10.85 0.002,587.932,604.98GOVERNMENT NATIONAL MORTGAGE A G2 80088 31348SWZ3 6.262 01/01/2028 260.60 266.77 0.00 2.89 0.00266.77267.11FREDDIE MAC FH 786064 31371NUC7 4.500 04/01/2028 2,847.01 2,705.13 (34.81) 10.10 0.002,670.322,691.98FANNIE MAE FN 257179 31417YAY3 4.500 04/01/2029 3,547.78 3,375.41 (44.98) 12.58 0.003,330.433,354.57FANNIE MAE FN MA0022 3136AJZP4 1.500 04/25/2029 854,664.47 878,717.74 13,826.42 1,169.44 0.13892,544.16935,551.56FANNIE MAE FNR 2014-15 JA 3138EG6F6 4.500 06/01/2029 2,165.39 2,060.60 (31.18) 7.68 0.002,029.422,047.46FANNIE MAE FN AL0869 39MPR0214 SECURITIES HELD As of December 31, 2024 ORANGE COUNTY LONG TERM PORTFOLIO Amortized cost Fair value Unrealized gain (loss) Coupon Maturity/ Call date Historical costCusip Total accrued interest % Port cost Par value or shares Description Government Mortgage Backed Securities 36225CNM4 4.875 04/20/2030 1,683.28 1,697.47 8.24 6.90 0.001,705.711,698.66GOVERNMENT NATIONAL MORTGAGE A G2 80395 36225CN28 4.875 05/20/2030 16,145.17 16,297.77 84.63 66.26 0.0016,382.4016,310.83GOVERNMENT NATIONAL MORTGAGE A G2 80408 3133TCE95 4.776 08/15/2032 1,689.86 1,688.22 (33.76) 13.93 0.001,654.461,688.10FHLMC STRUCTURED PASS THROUGH FSPC E3 A 31403GXF4 5.000 10/01/2033 453.67 429.32 (15.31) 1.76 0.00414.01421.99FANNIE MAE FN 748678 36225DCB8 4.625 07/20/2034 14,021.63 14,029.21 91.65 54.08 0.0014,120.8614,030.39GOVERNMENT NATIONAL MORTGAGE A G2 80965 31406XWT5 6.250 02/01/2035 12,085.36 12,166.25 161.92 63.44 0.0012,328.1712,180.52FANNIE MAE FN 823358 31406PQY8 5.000 03/01/2035 44,947.85 42,605.63 (1,158.27) 174.22 0.0141,447.3641,811.94FANNIE MAE FN 815971 31407BXH7 5.000 07/01/2035 6,538.45 6,195.92 (166.64) 25.34 0.006,029.286,082.32FANNIE MAE FN 826080 31376KT22 5.000 09/01/2035 33,997.20 32,243.58 (876.28) 131.77 0.0131,367.3031,625.33FANNIE MAE FN 357969 31403DJZ3 5.000 06/01/2036 34,414.11 32,643.08 (884.54) 133.39 0.0131,758.5432,013.16FANNIE MAE FN 745580 31410F4V4 5.000 07/01/2036 56,539.24 53,611.91 (1,446.36) 219.14 0.0152,165.5552,594.63FANNIE MAE FN 888336 31397QRE0 5.363 02/25/2041 59,713.99 59,727.63 (305.57) 53.39 0.0159,422.0659,732.68FANNIE MAE FNR 2011-3 FA 40MPR0214 SECURITIES HELD As of December 31, 2024 ORANGE COUNTY LONG TERM PORTFOLIO Amortized cost Fair value Unrealized gain (loss) Coupon Maturity/ Call date Historical costCusip Total accrued interest % Port cost Par value or shares Description Government Mortgage Backed Securities 31394JY35 6.500 09/25/2043 357,273.06 339,721.81 (23,010.76) 1,708.81 0.06316,711.05315,472.91FHLMC STRUCTURED PASS THROUGH FSPC T-58 2A Total Government Mortgage Backed Securities 1,507,795.92 1,504,902.49 1,491,056.30 (13,846.19)0.243,872.571,534,292.02 Gov't-issued Commercial Mortgage-Backed 3137BSRE5 3.120 09/25/2026 5,214,062.50 5,080,693.04 (196,863.54) 13,000.00 0.814,883,829.505,000,000.00FHLMC MULTIFAMILY STRUCTURED P FHMS K059 A2 3137FETN0 3.350 01/25/2028 5,228,350.00 5,300,955.26 (55,047.93) 15,186.67 0.825,245,907.335,440,000.00FHLMC MULTIFAMILY STRUCTURED P FHMS K073 A2 3137FG6X8 3.850 05/25/2028 7,116,894.53 7,159,514.87 (92,628.84) 23,260.42 1.117,066,886.037,250,000.00FHLMC MULTIFAMILY STRUCTURED P FHMS K077 A2 Total Gov't-issued Commercial Mortgage-Backed 17,559,307.03 17,541,163.17 17,196,622.86 (344,540.31)2.7451,447.0917,690,000.00 Miscellaneous 525ESCIB7 11.885 316,106.64 315,430.20 (315,010.20) 0.00 0.05420.00600,000.00ESC MNLEHMAN BRTHRS HLDGRR 5.625% D012208M012413GL ESCROW 525ESC0Y6 0.168 1,018,311.90 1,016,065.10 (728,565.10) 0.00 0.16287,500.002,000,000.00ESC MNLEHMAN BRTHRS HLDGRR VAR D102405M102208GL ESCROW Total Miscellaneous 1,334,418.54 1,331,495.30 287,920.00 (1,043,575.30)0.210.002,600,000.00 Grand total 641,431,993.83 643,861,380.83 (11,023,144.72)661,171,488.41 100.004,113,678.51632,838,236.11 41MPR0214 Compliance summary 43MPR0214 Portfolio compliance report As of December 31, 2024 Reference:Orange County Sanitation District - Administrative Policy Directives and Procedures Manual - Investment Objectives and Parameters Effective Date of Policy:January 8, 2024 Description Policy Guidelines Compliant U.S. Treasuries •10% minimum; 1-year max maturity Yes Federal Agencies •20% max per agency of the U.S. Government, which does not provide the full faith and credit of the U.S. government; 1-year maxmaturity; Securities, obligations, participations, or other instruments of, or issued by, or fully guaranteed as to principal and interest by the US Government , a federal agency, or a US Government-sponsored enterprise Yes Supranational Obligations •"AA" rated or better by a NRSRO; 30% max; 5-year max maturity; U.S. dollar denominated senior unsecured unsubordinated obligationsissued or unconditionally guaranteed by the International Bank for Reconstruction and Development ("IBRD"), the International FinanceCorporation ("IFC") or the Inter-American Development Bank ("IADB") Yes Municipal Securities •"A" rated or higher by a NRSRO; or as otherwise approved by the Board of Directors; Taxable or tax-exempt municipal bonds issued by any of the 50 states; 10% max; 5% max issuer; 1-year max maturity Yes Corporate Medium-Term Notes •"A" rating category or better by a NRSRO; 30% max; 5% max per issuer; 5-year max maturity; Issued by corporations organized andoperating within the U.S. or issued by depository institutions licensed by the U.S. or any state and operating within the U.S. 1 with AUM>$500 million Yes Non- Agency Asset-Backed Securities, Mortgage-Backed Securities, CMOs •"AA" rating category or better by a NRSRO; 20% max (combined MBS/CMO/ABS); 5% max issuer (except U.S. government or itsagencies) ; 5-year max maturity; Mortgage pass-through security, collateralized mortgage obligation, mortgage-backed or other pay-through bond, equipment lease-backed certificate, consumer receivable pass-through certificate, or consumer receivable-backed bond Yes Negotiable Certificates of Deposit (NCD)•"A" rating or better long-term debt by a NRSRO; or highest short-term rating for deposits by a NRSRO; or as otherwise approved by the Board of Directors; 30% max; 5% max issuer; 1-year max maturity; Negotiable certificates of deposit issued by a nationally or state-chartered bank or state of federal savings and loan association, as defined by Section 5102 of the California Financial Code Yes Certificates of Deposit •5% max issuer; 1-year max maturity; Secured (collateralized) time deposits issued by a nationally or state-chartered bank or state orfederal savings and loan association, as defined by Section 5102 of the California Financial Code and having a net operating profit in the two most recently completed fiscal years; Collateral must comply with California Government Code Yes Banker’s Acceptances •A-1 rated or highest short-term rating by a NRSRO; 40% max; 5% max issuer; 180 days max maturity; Acceptance is eligible for purchaseby the Federal Reserve System Yes 1 & 2 – Please see Appendix 1 44MPR0214 Reference:Orange County Sanitation District - Administrative Policy Directives and Procedures Manual - Investment Objectives and Parameters Effective Date of Policy:January 8, 2024 Description Policy Guidelines Compliant Commercial Paper •A-1 rated or better by a NRSRO; "A" long term debt rating or better by a NRSRO; Issued by a domestic corporation organized and operating in the U.S. with assets > $500 million; 40% max; 5% max issuer; 10% max of the outstanding commercial paper of any single issuer; 270 days max maturity Yes Mutual Fund & Money Market Mutual Fund •Highest rating or "AAA" rated by two NRSROs; or SEC registered adviser with AUM >$500 million and experience > than 5 years; 20% max in Mutual Funds; 10% max per one Mutual Fund; 20% max per issuer on Money Market Mutual Funds and are not subject to the 10% stipulation Yes Local Agency Investment Fund (LAIF)•No more than the statutory maximum may be invested in LAIF; Not used by investment adviser; Investment of OCSD funds in LAIF shall be subject to investigation and due diligence prior to investing, and on a continual basis to a level of review pursuant to the policy Yes Orange County Treasurer's Money Market Commingled Investment Pool (OCCIP) •15% max; Not used by investment adviser; Orange County Treasurer's Money Market Commingled Investment Pool; Investment of OCSD funds in OCCIP would be subject to investigation and due diligence prior to investing and on continual basis to a level of review pursuant to the policy Yes Repurchase Agreements •20% max; 102% collateralization Yes Reverse Repurchase Agreements •5% max, 90 days max maturity Yes Prohibited •Mortgage Derivatives, which include interest-only payments (IOs) and principal-only payments (POs); Inverse floaters, and RE-REMICS (Real Estate Mortgage Investment Conduits) Yes Securities Downgrade •If securities owned by the OCSD are downgraded below the quality required by the Investment Policy, it shall be OCSD’s policy to review the credit situation and make a determination as to whether to sell or retain such securities in the portfolio. If a decision is made to retain the downgraded securities in the portfolio, their presence in the portfolio will be monitored and reported quarterly to the OCSD General Manager, the Administration Committee and Board of Directors Yes Avg Duration •Not to exceed 180 days in Liquid Operating account Yes Max Per Holding •5% max of the total debt outstanding of any issuer per individual holding Yes Portfolio compliance report (continued) As of December 31, 2024 45MPR0214 Portfolio compliance report (continued) As of December 31, 2024 Reference:Orange County Sanitation District - Administrative Policy Directives and Procedures Manual - Investment Objectives and Parameters Effective Date of Policy:January 8, 2024 Description Policy Guidelines Compliant Max Per Issuer •5% max per issuer (except Supranationals, U.S. Government, Agencies, Mutual Funds); 20% max per issuer on Money Market Mutual Funds) Yes Maximum Maturity •1-year max maturity per security in Liquid Operating account Yes Maximum Maturity •5-year max maturity per security in Long Term account Yes Maximum Duration •5-year max portfolio effective duration in Long Term account Yes Maximum Duration •Duration of portfolio should be between 80% to 120% in Long Term account Yes 2 – Please see Appendix 1 46MPR0214 Portfolio compliance report As of December 31, 2024 Reference:Orange County Sanitation District - Administrative Policy Directives and Procedures Manual - Investment Objectives and Parameters Effective Date of Policy:January 8, 2024 Description Policy Guidelines Important disclosures 48MPR0214 Orange County Liquid Operating Benchmark history as of December 31, 2024 Benchmark history ICE BofA US 3-Month Treasury Bill 03/01/2024 - Present 49MPR0214 Orange County Long Term Benchmark history as of December 31, 2024 Benchmark history ICE BofA 1-5 Year AAA-A US Corporate & Government Index 03/01/2024 - Present 50MPR0214 Past performance is not indicative of future results. Investment in any strategy involves a risk of loss which may partly be due to exchange rate fluctuations. The performance results shown, whether net or gross of investment management fees, reflect the reinvestment of dividends and/or income and other earnings. Any gross of fees performance does not include fees and charges and these can have a material detrimental effect on the performance of an investment. The performance shown is for the stated time period(s) only. Any target performance aims are not a guarantee, may not be achieved and a capital loss may occur. Funds which have a higher performance aim generally take more risk to achieve this and so have a greater potential for the returns to be significantly different than expected. Investments are subject to risks, including loss of principal. There can be no guarantee that any investment strategy will meet the liability funding needs of a particular client. Performance information for certain accounts may reflect performance achieved while the account was managed at a prior firm. In addition, the performance and customized benchmark information for these periods are based on Information from 3rd parties that Insight believes to be accurate, but Insight has not independently verified such information and no representation is made regarding its accuracy or completeness. The quoted benchmarks do not reflect deductions for fees, expenses or taxes. These benchmarks are unmanaged and cannot be purchased directly by investors. Benchmark performance is shown for illustrative purposes only and does not predict or depict the performance of any investment. There may be material factors relevant to any such comparison such as differences in volatility, and regulatory and legal restrictions between the indices shown and the strategy. Any currency conversions performed for this presentation, use FX rates as per WM Reuters 4pm spot rates, unless noted otherwise. Funds and portfolios with an ESG objective follow a sustainable or ESG related investment approach, which may cause them to perform differently than funds that are not required to integrate sustainable investment criteria when selecting securities. Funds and portfolios with no ESG objective are not required to integrate sustainable investment criteria when selecting securities so any ESG approach shown is only indicative and there is no guarantee that the specific approach will be applied across the whole portfolio. This is a client report intended for professional clients only. This material is for professional clients only and is not intended for distribution to retail clients. This document must not be used for the purpose of an offer or solicitation in any jurisdiction or in any circumstances in which such offer or solicitation is unlawful or otherwise not permitted. This document is intended only for the parties to whom it was delivered or its authorised agents and should not be copied or passed to any other person. Please contact the Client Services Team if there has been any change in your financial circumstances or risk tolerance since the previous valuation that could affect the investment objective of your portfolio. Insight obtains market data and prices from an independent pricing source for all of our currency positions on a daily basis. For trading activity the Clearing broker will be reflected. In certain cases the Clearing broker will differ from the Executing broker. Some information contained in this client report comes from external sources which Insight believes to be reliable. A list of sources is available on request. All statistics represent month end figures unless otherwise noted. It should not be assumed that any of the security transactions or holdings referenced herein have been or will prove to be profitable or that future investment decisions will be profitable or will equal or exceed the past investment performance of the securities listed. Tax treatment depends on the individual circumstances of each investor and may be subject to change in the future. Insight does not provide tax or legal advice to its clients and all investors are strongly urged to seek professional advice regarding any potential strategy or investment. Material in this publication is for general information only and is not advice, investment advice, or the recommendation of any purchase or sale of any security. Insight Investment is the corporate brand for certain companies operated by Insight Investment Management Limited (IIML). Insight includes, among others, Insight Investment Management (Global) Limited (IIMG), Insight Investment International Limited (IIIL) and Insight North America LLC (INA), each of which provides asset management services. This group of companies may be referred to as 'Insight' or 'Insight Investment'. Please compare the information provided in this statement to the information provided in the statement received from your Custodian. This report is not intended to replace your custodial statement which is your official record for all pertinent account information. Please notify us promptly if you do not receive from your custodian on at least a quarterly basis account statements that contain the amount of funds and each security in the account at the end of the period and all transactions in the account during that period. Disclosures 51MPR0214 For clients based in North America: This material is for professional clients only and is not intended for distribution to retail clients.Investment advisory services in North America are provided through two different investment advisers registered with the Securities and Exchange Commission (SEC), using the brand Insight Investment: Insight North America LLC (INA) and Insight Investment International Limited (IIIL). The North American investment advisers are associated with other global investment managers that also (individually and collectively) use the corporate brand Insight Investment and may be referred to as 'Insight' or 'Insight Investment'. INA is registered with the CFTC as a Commodity Trading Advisor and a Commodity Pool Operator and are members of the NFA. Information about the indices shown here is provided to allow for comparison of the performance of the strategy to that of certain well-known and widely recognized indices. There is no representation that such index is an appropriate benchmark for such comparison. You cannot invest directly in an index and the indices represented do not take into account trading commissions and/or other brokerage or custodial costs. The volatility of the indices may be materially different from that of the strategy. In addition, the strategy’s holdings may differ substantially from the securities that comprise the indices shown. The ICE BofA 3 Month US T-Bill index is an unmanaged market index of U.S. Treasury securities maturing in 90 days that assumes reinvestment of all income. The ICE BofA 6 Month US T-Bill index measures the performance of Treasury bills with time to maturity of less than 6 months. The ICE BofA 1-Year US Treasury Index is a one-security index comprised of the most recently issued 1-year US Treasury note. The index is rebalanced monthly. In order to qualify for inclusion, a 1-year note must be auctioned on or before the third business day before the last business day of the month. The ICE BofA 3-Year US Treasury Index is a one-security index comprised of the most recently issued 3-year US Treasury note. The index is rebalanced monthly. In order to qualify for inclusion, a 3-year note must be auctioned on or before the third business day before the last business day of the month. The ICE BofA 5-Year US Treasury Index is a one-security index comprised of the most recently issued 5-year US Treasury note. The index is rebalanced monthly. In order to qualify for inclusion, a 5-year note must be auctioned on or before the third business day before the last business day of the month. The ICE BofA 1-3 US Year Treasury Index is an unmanaged index that tracks the performance of the direct sovereign debt of the U.S. Government having a maturity of at least one year and less than three years. The ICE BofA 1-5 US Year Treasury Index is an unmanaged index that tracks the performance of the direct sovereign debt of the U.S. Government having a maturity of at least one year and less than five years. © 2025 Insight Investment. All rights reserved. Disclosures (continued) Insight - U.S. Bank Month End Investment Detail with Accruals Insight - U.S. Bank Transaction History Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 1 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LIQUID OPERATING PORTFOLIO6745046600 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date Account Beginning Cash Total Cash: 0.00Income Cash: 19,988,303.90Principal Cash: -19,988,303.90 09/03/2024 210 CASH DISBURSEMENT PAID TO ORANGE COUNTY SANITATION DISTRICT OUTGOING DOMESTIC WIRE LIQUID OPERATING PORTFOLIO WITHDRAWAL .00 .00 .00 .00 .00 .0000 .000000 -21,000,000.00 .00P 09/03/2024 24422EWS4 310 INTEREST EARNED ON DEERE JOHN M T N 5.150% 3/03/25 $1 PV ON 1432000.0000 SHARES DUE 9/3/2024 .00 .00 .00 .00 .00 .0000 .000000 36,874.00 .00I 09/03/2024 09/03/2024 09/03/2024 313384E62 10 PURCHASED PAR VALUE OF F H L B DISC NTS 9/04/24 /STONEX FINANCIAL INC./XOTC 3,300,000 PAR VALUE AT 99.98541667 % .00 .00 3,299,518.75 .00 .00 3,300,000.0000 .999854 -3,299,518.75 .00P 09/03/2024 09/03/2024 09/03/2024 3133EPLZ6 10 PURCHASED PAR VALUE OF FEDERAL FARM CR BK 0.00001% 6/09/25 /NMRIUS33 NOMURA SECS INTL NY/1,425,000 PAR VALUE AT 100.02947368 % .00 .00 1,425,420.00 .00 .00 1,425,000.0000 1.000295 -1,425,420.00 .00P 09/03/2024 09/03/2024 3133EPLZ6 300 PAID ACCRUED INTEREST ON PURCHASE OF FEDERAL FARM CR BK 0.00001% 6/09/25 .00 .00 .00 .00 .00 .0000 .000000 -18,835.59 .00I 09/03/2024 09/03/2024 09/03/2024 313588E50 20 MATURED PAR VALUE OF F N M A DISC NT 9/03/24 8,000,000 PAR VALUE AT 100 % .00 .00 -7,994,211.11 .00 .00-8,000,000.0000 1.000000 7,994,211.11 .00P 09/03/2024 313588E50 310 INTEREST EARNED ON F N M A DISC NT 9/03/24 $1 PV ON 8000000.0000 SHARES DUE 9/3/2024 8,000,000 PAR VALUE AT 100 % .00 .00 .00 .00 .00 .0000 .000000 5,788.89 .00I 09/03/2024 09/03/2024 09/03/2024 31846V567 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 -25,743,774.34 .00 .00-25,743,774.3400 1.000000 25,743,774.34 FGZXX .00P 09/03/2024 09/03/2024 09/03/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 25,736,874.00 .00 .00 25,736,874.0000 1.000000 -25,736,874.00 FGZXX .00P 09/03/2024 31846V567 310 INTEREST EARNED ON FIRST AM GOVT OB FD CL Z UNIT ON 0.0000 SHARES DUE 8/31/2024 INTEREST FROM 8/1/24 TO 8/31/24 .00 .00 .00 .00 .00 .0000 .000000 181.42 FGZXX .00I 09/03/2024 09/03/2024 09/03/2024 912797LA3 20 MATURED PAR VALUE OF U S TREASURY BILL 9/03/24 17,700,000 PAR VALUE AT 100 % .00 .00 -17,527,297.39 .00 .00-17,700,000.0000 1.000000 17,527,297.39 .00P 09/03/2024 912797LA3 310 INTEREST EARNED ON U S TREASURY BILL 9/03/24 $1 PV ON 17700000.0000 SHARES DUE 9/3/2024 17,700,000 PAR VALUE AT 100 % .00 .00 .00 .00 .00 .0000 .000000 172,702.61 .00I 09/04/2024 09/03/2024 09/04/2024 16677JKQ8 10 PURCHASED PAR VALUE OF CHEVRON CORP DISC COML C P 10/24/24 /BOFA SECURITIES, INC./FXD INC/2,000,000 PAR VALUE AT 99.2833335 % .00 .00 1,985,666.67 .00 .00 2,000,000.0000 .992833 -1,985,666.67 .00P 09/04/2024 09/04/2024 09/04/2024 313384E62 20 MATURED PAR VALUE OF F H L B DISC NTS 9/04/24 3,300,000 PAR VALUE AT 100 % .00 .00 -3,299,518.75 .00 .00-3,300,000.0000 1.000000 3,299,518.75 .00P 09/04/2024 313384E62 310 INTEREST EARNED ON F H L B DISC NTS 9/04/24 $1 PV ON 3300000.0000 SHARES DUE 9/4/2024 3,300,000 PAR VALUE AT 100 % .00 .00 .00 .00 .00 .0000 .000000 481.25 .00I Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 2 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LIQUID OPERATING PORTFOLIO6745046600 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 09/04/2024 09/04/2024 09/04/2024 31846V567 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 -1,297,345.83 .00 .00-1,297,345.8300 1.000000 1,297,345.83 FGZXX .00P 09/04/2024 09/04/2024 09/04/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 1,314,514.75 .00 .00 1,314,514.7500 1.000000 -1,314,514.75 FGZXX .00P 09/04/2024 09/04/2024 09/04/2024 880592G46 10 PURCHASED PAR VALUE OF T V A DISC NTS 9/18/24 /FTBMUS44SEC FIRST HORIZON US/XOTC 1,300,000 PAR VALUE AT 99.79583308 % .00 .00 1,297,345.83 .00 .00 1,300,000.0000 .997958 -1,297,345.83 .00P 09/06/2024 09/06/2024 09/06/2024 313384E88 20 MATURED PAR VALUE OF F H L B DISC NTS 9/06/24 2,450,000 PAR VALUE AT 100 % .00 .00 -2,431,063.54 .00 .00-2,450,000.0000 1.000000 2,431,063.54 .00P 09/06/2024 313384E88 310 INTEREST EARNED ON F H L B DISC NTS 9/06/24 $1 PV ON 2450000.0000 SHARES DUE 9/6/2024 2,450,000 PAR VALUE AT 100 % .00 .00 .00 .00 .00 .0000 .000000 18,936.46 .00I 09/06/2024 09/05/2024 09/06/2024 3133EPLN3 10 PURCHASED PAR VALUE OF F F C B DEB 5.49663% 3/07/25 /CITIGROUP GLOBAL MARKETS INC./2,382,000 PAR VALUE AT 100.07726196 % .00 .00 2,383,840.38 .00 .00 2,382,000.0000 1.000773 -2,383,840.38 FFC5325A .00P 09/06/2024 09/06/2024 3133EPLN3 300 PAID ACCRUED INTEREST ON PURCHASE OF F F C B DEB 5.49663% 3/07/25 .00 .00 .00 .00 .00 .0000 .000000 -33,193.83 FFC5325A .00I 09/06/2024 09/06/2024 09/06/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 32,965.79 .00 .00 32,965.7900 1.000000 -32,965.79 FGZXX .00P 09/09/2024 3133EPLN3 310 INTEREST EARNED ON F F C B DEB 5.51304% 3/07/25 $1 PV ON 2382000.0000 SHARES DUE 9/7/2024 .00 .00 .00 .00 .00 .0000 .000000 33,559.73 FFC5325A .00I 09/09/2024 3133EPLZ6 310 INTEREST EARNED ON FEDERAL FARM CR BK 0.00001% 6/09/25 $1 PV ON 1425000.0000 SHARES DUE 9/9/2024 .00 .00 .00 .00 .00 .0000 .000000 20,151.08 .00I 09/09/2024 09/09/2024 09/09/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 20,151.08 .00 .00 20,151.0800 1.000000 -20,151.08 FGZXX .00P 09/09/2024 09/09/2024 09/09/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 33,559.73 .00 .00 33,559.7300 1.000000 -33,559.73 FGZXX .00P 09/13/2024 09/12/2024 09/13/2024 14913Q3B3 10 PURCHASED PAR VALUE OF CATERPILLAR FINL MTN 2.150% 11/08/24 /J.P. MORGAN SECURITIES LLC/1,725,000 PAR VALUE AT 99.541 % .00 .00 1,717,082.25 .00 .00 1,725,000.0000 .995410 -1,717,082.25 .00P 09/13/2024 09/13/2024 14913Q3B3 300 PAID ACCRUED INTEREST ON PURCHASE OF CATERPILLAR FINL MTN 2.150% 11/08/24 .00 .00 .00 .00 .00 .0000 .000000 -12,877.61 .00I 09/13/2024 09/13/2024 09/13/2024 31846V567 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 -615,966.81 .00 .00-615,966.8100 1.000000 615,966.81 FGZXX .00P 09/13/2024 09/13/2024 09/13/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 542,540.14 .00 .00 542,540.1400 1.000000 -542,540.14 FGZXX .00P Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 3 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LIQUID OPERATING PORTFOLIO6745046600 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 09/13/2024 09/13/2024 09/13/2024 828807DG9 20 MATURED PAR VALUE OF SIMON PROPERTY GROUP 2.000% 9/13/24 2,250,000 PAR VALUE AT 100 % .00 .00 -2,230,762.50 19,237.50 .00-2,250,000.0000 1.000000 2,250,000.00 .00P 09/13/2024 828807DG9 310 INTEREST EARNED ON SIMON PROPERTY GROUP 2.000% 9/13/24 $1 PV ON 2250000.0000 SHARES DUE 9/13/2024 .00 .00 .00 .00 .00 .0000 .000000 22,500.00 .00I 09/13/2024 09/13/2024 09/13/2024 912797MR5 10 PURCHASED PAR VALUE OF U S TREASURY BILL 12/31/24 /J.P. MORGAN SECURITIES LLC/625,000 PAR VALUE AT 98.5546896 % .00 .00 615,966.81 .00 .00 625,000.0000 .985547 -615,966.81 .00P 09/17/2024 09/17/2024 09/17/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 9,245.67 .00 .00 9,245.6700 1.000000 -9,245.67 FGZXX .00P 09/17/2024 09/16/2024 09/17/2024 713448FU7 10 PURCHASED PAR VALUE OF PEPSICO INC 5.70184% 11/12/24 /MIZUHO SECURITIES USA INC./1,000,000 PAR VALUE AT 100.046 % .00 .00 1,000,460.00 .00 .00 1,000,000.0000 1.000460 -1,000,460.00 PI55624 .00P 09/17/2024 09/17/2024 713448FU7 300 PAID ACCRUED INTEREST ON PURCHASE OF PEPSICO INC 5.70184% 11/12/24 .00 .00 .00 .00 .00 .0000 .000000 -5,745.67 PI55624 .00I 09/17/2024 09/17/2024 09/17/2024 912797LH8 20 MATURED PAR VALUE OF U S TREASURY BILL 9/17/24 3,000,000 PAR VALUE AT 100 % .00 .00 -2,975,453.34 .00 .00-3,000,000.0000 1.000000 2,975,453.34 .00P 09/17/2024 912797LH8 310 INTEREST EARNED ON U S TREASURY BILL 9/17/24 $1 PV ON 3000000.0000 SHARES DUE 9/17/2024 3,000,000 PAR VALUE AT 100 % .00 .00 .00 .00 .00 .0000 .000000 24,546.66 .00I 09/17/2024 09/12/2024 09/17/2024 912797MB0 10 PURCHASED PAR VALUE OF U S TREASURY BILL 11/12/24 /BMO-CHICAGO BRANCH/BTEC 2,000,000 PAR VALUE AT 99.227433 % .00 .00 1,984,548.66 .00 .00 2,000,000.0000 .992274 -1,984,548.66 .00P 09/18/2024 09/18/2024 09/18/2024 3133ENDJ6 10 PURCHASED PAR VALUE OF F F C B DEB 5.460% 11/08/24 /CITIGROUP GLOBAL MARKETS INC./1,325,000 PAR VALUE AT 100.00587698 % .00 .00 1,325,077.87 .00 .00 1,325,000.0000 1.000059 -1,325,077.87 .00P 09/18/2024 09/18/2024 3133ENDJ6 300 PAID ACCRUED INTEREST ON PURCHASE OF F F C B DEB 5.460% 11/08/24 .00 .00 .00 .00 .00 .0000 .000000 -8,171.20 .00I 09/18/2024 09/18/2024 09/18/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 1,300,000.00 .00 .00 1,300,000.0000 1.000000 -1,300,000.00 FGZXX .00P 09/18/2024 09/18/2024 09/18/2024 31846V567 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 -1,333,249.07 .00 .00-1,333,249.0700 1.000000 1,333,249.07 FGZXX .00P 09/18/2024 09/18/2024 09/18/2024 880592G46 20 MATURED PAR VALUE OF T V A DISC NTS 9/18/24 1,300,000 PAR VALUE AT 100 % .00 .00 -1,297,345.83 .00 .00-1,300,000.0000 1.000000 1,297,345.83 .00P 09/18/2024 880592G46 310 INTEREST EARNED ON T V A DISC NTS 9/18/24 $1 PV ON 1300000.0000 SHARES DUE 9/18/2024 1,300,000 PAR VALUE AT 100 % .00 .00 .00 .00 .00 .0000 .000000 2,654.17 .00I 09/20/2024 09/20/2024 09/20/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 1,073,932.20 .00 .00 1,073,932.2000 1.000000 -1,073,932.20 FGZXX .00P Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 4 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LIQUID OPERATING PORTFOLIO6745046600 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 09/20/2024 09/19/2024 09/20/2024 45866FAT1 10 PURCHASED PAR VALUE OF INTERCONTINENTAL 3.650% 5/23/25 /RBC CAPITAL MARKETS, LLC/921,000 PAR VALUE AT 99.364 % .00 .00 915,142.44 .00 .00 921,000.0000 .993640 -915,142.44 .00P 09/20/2024 09/20/2024 45866FAT1 300 PAID ACCRUED INTEREST ON PURCHASE OF INTERCONTINENTAL 3.650% 5/23/25 .00 .00 .00 .00 .00 .0000 .000000 -10,925.36 .00I 09/20/2024 09/20/2024 09/20/2024 53245PJL3 20 MATURED PAR VALUE OF LILLY ELI CO DISC COML C P 9/20/24 2,000,000 PAR VALUE AT 100 % .00 .00 -1,993,571.11 .00 .00-2,000,000.0000 1.000000 1,993,571.11 .00P 09/20/2024 53245PJL3 310 INTEREST EARNED ON LILLY ELI CO DISC COML C P 9/20/24 $1 PV ON 2000000.0000 SHARES DUE 9/20/2024 2,000,000 PAR VALUE AT 100 % .00 .00 .00 .00 .00 .0000 .000000 6,428.89 .00I 09/23/2024 09/23/2024 09/23/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 15,441.99 .00 .00 15,441.9900 1.000000 -15,441.99 FGZXX .00P 09/23/2024 09/23/2024 09/23/2024 31846V567 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 -1,083,585.98 .00 .00-1,083,585.9800 1.000000 1,083,585.98 FGZXX .00P 09/23/2024 09/20/2024 09/23/2024 459058JJ3 10 PURCHASED PAR VALUE OF INTL BK M T N 0.00001% 9/18/25 /WELLS FARGO SECURITIES, LLC/1,140,000 PAR VALUE AT 100.195 % .00 .00 1,142,223.00 .00 .00 1,140,000.0000 1.001950 -1,142,223.00 IBM5125 .00P 09/23/2024 09/23/2024 459058JJ3 300 PAID ACCRUED INTEREST ON PURCHASE OF INTL BK M T N 0.00001% 9/18/25 .00 .00 .00 .00 .00 .0000 .000000 -892.86 IBM5125 .00I 09/23/2024 09/23/2024 09/23/2024 912797KM8 20 SOLD PAR VALUE OF U S TREASURY BILL 9/26/24 /RBC CAPITAL MARKETS, LLC/75,000 PAR VALUE AT 99.96249333 % .00 .00 -74,377.69 .00 .00-75,000.0000 .999625 74,377.69 .00P 09/23/2024 912797KM8 310 INTEREST EARNED ON U S TREASURY BILL 9/26/24 $1 PV ON 75000.0000 SHARES DUE 9/23/2024 75,000 PAR VALUE AT 99.96249333 % .00 .00 .00 .00 .00 .0000 .000000 594.18 .00I 09/24/2024 09/24/2024 09/24/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 234,313.46 .00 .00 234,313.4600 1.000000 -234,313.46 FGZXX .00P 09/24/2024 09/24/2024 09/24/2024 90477DJQ0 20 MATURED PAR VALUE OF UNILEVER CAP CORP DISC C P 9/24/24 2,250,000 PAR VALUE AT 100 % .00 .00 -2,217,900.00 .00 .00-2,250,000.0000 1.000000 2,217,900.00 .00P 09/24/2024 90477DJQ0 310 INTEREST EARNED ON UNILEVER CAP CORP DISC C P 9/24/24 $1 PV ON 2250000.0000 SHARES DUE 9/24/2024 2,250,000 PAR VALUE AT 100 % .00 .00 .00 .00 .00 .0000 .000000 32,100.00 .00I 09/24/2024 09/23/2024 09/24/2024 91282CFS5 10 PURCHASED PAR VALUE OF U S TREASURY NT 0.00001% 10/31/24 /IRVTUS3N BK OF NEW YORK/2,000,000 PAR VALUE AT 99.9908315 % .00 .00 1,999,816.63 .00 .00 2,000,000.0000 .999908 -1,999,816.63 .00P 09/24/2024 09/24/2024 91282CFS5 300 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 0.00001% 10/31/24 .00 .00 .00 .00 .00 .0000 .000000 -15,869.91 .00I 09/25/2024 09/24/2024 09/25/2024 24422EXA2 10 PURCHASED PAR VALUE OF JOHN DEERE MTN 5.85421% 7/03/25 /RBC CAPITAL MARKETS, LLC/500,000 PAR VALUE AT 100.123 % .00 .00 500,615.00 .00 .00 500,000.0000 1.001230 -500,615.00 JDM5725 .00P Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 5 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LIQUID OPERATING PORTFOLIO6745046600 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 09/25/2024 09/25/2024 24422EXA2 300 PAID ACCRUED INTEREST ON PURCHASE OF JOHN DEERE MTN 5.85421% 7/03/25 .00 .00 .00 .00 .00 .0000 .000000 -6,848.30 JDM5725 .00I 09/25/2024 09/24/2024 09/25/2024 3130AXD54 10 PURCHASED PAR VALUE OF FEDERAL HOME LOAN 0.00001% 6/27/25 /WELLS FARGO SECURITIES, LLC/550,000 PAR VALUE AT 100.067 % .00 .00 550,368.50 .00 .00 550,000.0000 1.000670 -550,368.50 .00P 09/25/2024 09/25/2024 3130AXD54 300 PAID ACCRUED INTEREST ON PURCHASE OF FEDERAL HOME LOAN 0.00001% 6/27/25 .00 .00 .00 .00 .00 .0000 .000000 -7,500.93 .00I 09/25/2024 09/25/2024 09/25/2024 313384H36 20 MATURED PAR VALUE OF F H L B DISC NTS 9/25/24 1,975,000 PAR VALUE AT 100 % .00 .00 -1,967,253.06 .00 .00-1,975,000.0000 1.000000 1,967,253.06 .00P 09/25/2024 313384H36 310 INTEREST EARNED ON F H L B DISC NTS 9/25/24 $1 PV ON 1975000.0000 SHARES DUE 9/25/2024 1,975,000 PAR VALUE AT 100 % .00 .00 .00 .00 .00 .0000 .000000 7,746.94 .00I 09/25/2024 09/25/2024 09/25/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 909,667.27 .00 .00 909,667.2700 1.000000 -909,667.27 FGZXX .00P 09/25/2024 09/25/2024 09/25/2024 31846V567 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 -1,012,858.75 .00 .00-1,012,858.7500 1.000000 1,012,858.75 FGZXX .00P 09/25/2024 09/25/2024 09/25/2024 64952WES8 10 PURCHASED PAR VALUE OF NEW YORK LIFE MTN 5.89359% 4/21/25 /J.P. MORGAN SECURITIES LLC/1,000,000 PAR VALUE AT 100.213 % .00 .00 1,002,130.00 .00 .00 1,000,000.0000 1.002130 -1,002,130.00 NYL4425 .00P 09/25/2024 09/25/2024 64952WES8 300 PAID ACCRUED INTEREST ON PURCHASE OF NEW YORK LIFE MTN 5.89359% 4/21/25 .00 .00 .00 .00 .00 .0000 .000000 -10,728.75 NYL4425 .00I 09/26/2024 09/26/2024 09/26/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 240,524.35 .00 .00 240,524.3500 1.000000 -240,524.35 FGZXX .00P 09/26/2024 09/25/2024 09/26/2024 6944PL2T5 10 PURCHASED PAR VALUE OF PACIFIC LIFE M T N 6.22918% 6/16/25 /RBC CAPITAL MARKETS, LLC/855,000 PAR VALUE AT 100.357 % .00 .00 858,052.35 .00 .00 855,000.0000 1.003570 -858,052.35 PLM6025 .00P 09/26/2024 09/26/2024 6944PL2T5 300 PAID ACCRUED INTEREST ON PURCHASE OF PACIFIC LIFE M T N 6.22918% 6/16/25 .00 .00 .00 .00 .00 .0000 .000000 -1,423.30 PLM6025 .00I 09/26/2024 09/26/2024 09/26/2024 912797KM8 20 MATURED PAR VALUE OF U S TREASURY BILL 9/26/24 1,100,000 PAR VALUE AT 100 % .00 .00 -1,090,872.80 .00 .00-1,100,000.0000 1.000000 1,090,872.80 .00P 09/26/2024 912797KM8 310 INTEREST EARNED ON U S TREASURY BILL 9/26/24 $1 PV ON 1100000.0000 SHARES DUE 9/26/2024 1,100,000 PAR VALUE AT 100 % .00 .00 .00 .00 .00 .0000 .000000 9,127.20 .00I 09/27/2024 3130AXD54 310 INTEREST EARNED ON FEDERAL HOME LOAN 0.00001% 6/27/25 $1 PV ON 550000.0000 SHARES DUE 9/27/2024 .00 .00 .00 .00 .00 .0000 .000000 7,653.25 .00I Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 6 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LIQUID OPERATING PORTFOLIO6745046600 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 09/27/2024 09/26/2024 09/27/2024 3133EPWW1 10 PURCHASED PAR VALUE OF F F C B DEB 5.46424% 9/25/25 /DSANUS3N DAIWA NEW YORK/375,000 PAR VALUE AT 100.088 % .00 .00 375,330.00 .00 .00 375,000.0000 1.000880 -375,330.00 FFC5425R .00P 09/27/2024 09/27/2024 3133EPWW1 300 PAID ACCRUED INTEREST ON PURCHASE OF F F C B DEB 5.46424% 9/25/25 .00 .00 .00 .00 .00 .0000 .000000 -104.06 FFC5425R .00I 09/27/2024 09/27/2024 09/27/2024 31846V567 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 -375,434.06 .00 .00-375,434.0600 1.000000 375,434.06 FGZXX .00P 09/27/2024 09/27/2024 09/27/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 7,653.25 .00 .00 7,653.2500 1.000000 -7,653.25 FGZXX .00P 10/01/2024 31846V567 310 INTEREST EARNED ON FIRST AM GOVT OB FD CL Z UNIT ON 0.0000 SHARES DUE 9/30/2024 INTEREST FROM 9/1/24 TO 9/30/24 .00 .00 .00 .00 .00 .0000 .000000 660.90 FGZXX .00I 10/02/2024 10/02/2024 10/02/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 660.90 .00 .00 660.9000 1.000000 -660.90 FGZXX .00P 10/03/2024 24422EXA2 310 INTEREST EARNED ON JOHN DEERE MTN 5.83408% 7/03/25 $1 PV ON 500000.0000 SHARES DUE 10/3/2024 .00 .00 .00 .00 .00 .0000 .000000 7,454.66 JDM5725 .00I 10/03/2024 10/03/2024 10/03/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 7,454.66 .00 .00 7,454.6600 1.000000 -7,454.66 FGZXX .00P 10/08/2024 10/07/2024 10/08/2024 03785DKP0 10 PURCHASED PAR VALUE OF APPLE INC DISC COML C P 10/23/24 /GOLDMAN SACHS & CO. LLC/1,000,000 PAR VALUE AT 99.799167 % .00 .00 997,991.67 .00 .00 1,000,000.0000 .997992 -997,991.67 .00P 10/08/2024 10/08/2024 10/08/2024 31846V567 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 -997,991.67 .00 .00-997,991.6700 1.000000 997,991.67 FGZXX .00P 10/08/2024 10/08/2024 10/08/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 987,101.99 .00 .00 987,101.9900 1.000000 -987,101.99 FGZXX .00P 10/08/2024 10/07/2024 10/08/2024 713448FU7 10 PURCHASED PAR VALUE OF PEPSICO INC 5.70184% 11/12/24 /MIZUHO SECURITIES USA INC./1,000,000 PAR VALUE AT 100.03 % .00 .00 1,000,300.00 .00 .00 1,000,000.0000 1.000300 -1,000,300.00 PI55624 .00P 10/08/2024 10/08/2024 713448FU7 300 PAID ACCRUED INTEREST ON PURCHASE OF PEPSICO INC 5.70184% 11/12/24 .00 .00 .00 .00 .00 .0000 .000000 -8,916.01 PI55624 .00I 10/08/2024 10/07/2024 10/08/2024 912797LU9 20 SOLD PAR VALUE OF U S TREASURY BILL 10/22/24 /MORGAN STANLEY & CO. LLC/BTEC 2,000,000 PAR VALUE AT 99.8159 % .00 .00 -1,967,261.38 .00 .00-2,000,000.0000 .998159 1,967,261.38 .00P 10/08/2024 912797LU9 310 INTEREST EARNED ON U S TREASURY BILL 10/22/24 $1 PV ON 2000000.0000 SHARES DUE 10/7/2024 2,000,000 PAR VALUE AT 99.8159 % .00 .00 .00 .00 .00 .0000 .000000 29,056.62 .00I 10/09/2024 10/08/2024 10/09/2024 14913UAG5 10 PURCHASED PAR VALUE OF CATERPILLAR MTN 5.94279% 11/14/24 /BOFA SECURITIES, INC./FXD INC/535,000 PAR VALUE AT 100.036 % .00 .00 535,192.60 .00 .00 535,000.0000 1.000360 -535,192.60 CM55924 .00P Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 7 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LIQUID OPERATING PORTFOLIO6745046600 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 10/09/2024 10/09/2024 14913UAG5 300 PAID ACCRUED INTEREST ON PURCHASE OF CATERPILLAR MTN 5.94279% 11/14/24 .00 .00 .00 .00 .00 .0000 .000000 -4,702.81 CM55924 .00I 10/09/2024 10/09/2024 10/09/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 9,165.06 .00 .00 9,165.0600 1.000000 -9,165.06 FGZXX .00P 10/09/2024 10/08/2024 10/09/2024 912797LU9 20 SOLD PAR VALUE OF U S TREASURY BILL 10/22/24 /J.P. MORGAN SECURITIES LLC/BTEC 550,000 PAR VALUE AT 99.82917636 % .00 .00 -541,431.46 .00 .00-550,000.0000 .998292 541,431.46 .00P 10/09/2024 912797LU9 310 INTEREST EARNED ON U S TREASURY BILL 10/22/24 $1 PV ON 550000.0000 SHARES DUE 10/8/2024 550,000 PAR VALUE AT 99.82917636 % .00 .00 .00 .00 .00 .0000 .000000 7,629.01 .00I 10/18/2024 10/18/2024 10/18/2024 31846V567 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 -3,051.07 .00 .00-3,051.0700 1.000000 3,051.07 FGZXX .00P 10/18/2024 10/17/2024 10/18/2024 4581X0DR6 10 PURCHASED PAR VALUE OF INTER AMER M T N 5.660% 2/04/25 /WELLS FARGO SECURITIES, LLC/2,000,000 PAR VALUE AT 100.043084 % .00 .00 2,000,861.68 .00 .00 2,000,000.0000 1.000431 -2,000,861.68 IAM5525 .00P 10/18/2024 10/18/2024 4581X0DR6 300 PAID ACCRUED INTEREST ON PURCHASE OF INTER AMER M T N 5.660% 2/04/25 .00 .00 .00 .00 .00 .0000 .000000 -22,504.22 IAM5525 .00I 10/18/2024 10/17/2024 10/18/2024 912797LU9 20 SOLD PAR VALUE OF U S TREASURY BILL 10/22/24 /J.P. MORGAN SECURITIES LLC/BTEC 700,000 PAR VALUE AT 99.94757714 % .00 .00 -694,625.58 .00 .00-700,000.0000 .999476 694,625.58 .00P 10/18/2024 912797LU9 310 INTEREST EARNED ON U S TREASURY BILL 10/22/24 $1 PV ON 700000.0000 SHARES DUE 10/17/2024 700,000 PAR VALUE AT 99.94757714 % .00 .00 .00 .00 .00 .0000 .000000 5,007.46 .00I 10/18/2024 10/17/2024 10/18/2024 912797MB0 20 SOLD PAR VALUE OF U S TREASURY BILL 11/12/24 /J.P. MORGAN SECURITIES LLC/BTEC 1,325,000 PAR VALUE AT 99.67409736 % .00 .00 -1,314,763.49 .00 .00-1,325,000.0000 .996741 1,314,763.49 .00P 10/18/2024 912797MB0 310 INTEREST EARNED ON U S TREASURY BILL 11/12/24 $1 PV ON 1325000.0000 SHARES DUE 10/17/2024 1,325,000 PAR VALUE AT 99.67409736 % .00 .00 .00 .00 .00 .0000 .000000 5,918.30 .00I 10/21/2024 10/21/2024 10/21/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 14,736.09 .00 .00 14,736.0900 1.000000 -14,736.09 FGZXX .00P 10/21/2024 64952WES8 310 INTEREST EARNED ON NEW YORK LIFE MTN 5.89359% 4/21/25 $1 PV ON 1000000.0000 SHARES DUE 10/21/2024 .00 .00 .00 .00 .00 .0000 .000000 14,736.09 NYL4425 .00I 10/23/2024 10/23/2024 10/23/2024 03785DKP0 20 MATURED PAR VALUE OF APPLE INC DISC COML C P 10/23/24 1,000,000 PAR VALUE AT 100 % .00 .00 -997,991.67 .00 .00-1,000,000.0000 1.000000 997,991.67 .00P 10/23/2024 03785DKP0 310 INTEREST EARNED ON APPLE INC DISC COML C P 10/23/24 $1 PV ON 1000000.0000 SHARES DUE 10/23/2024 1,000,000 PAR VALUE AT 100 % .00 .00 .00 .00 .00 .0000 .000000 2,008.33 .00I 10/23/2024 10/22/2024 10/23/2024 20030NBN0 10 PURCHASED PAR VALUE OF COMCAST CORP 3.375% 8/15/25 /J.P. MORGAN SECURITIES LLC/1,000,000 PAR VALUE AT 99.101 % .00 .00 991,010.00 .00 .00 1,000,000.0000 .991010 -991,010.00 .00P Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 8 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LIQUID OPERATING PORTFOLIO6745046600 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 10/23/2024 10/23/2024 20030NBN0 300 PAID ACCRUED INTEREST ON PURCHASE OF COMCAST CORP 3.375% 8/15/25 .00 .00 .00 .00 .00 .0000 .000000 -6,375.00 .00I 10/23/2024 10/23/2024 10/23/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 2,615.00 .00 .00 2,615.0000 1.000000 -2,615.00 FGZXX .00P 10/24/2024 10/24/2024 10/24/2024 16677JKQ8 20 MATURED PAR VALUE OF CHEVRON CORP DISC COML C P 10/24/24 2,000,000 PAR VALUE AT 100 % .00 .00 -1,985,666.67 .00 .00-2,000,000.0000 1.000000 1,985,666.67 .00P 10/24/2024 16677JKQ8 310 INTEREST EARNED ON CHEVRON CORP DISC COML C P 10/24/24 $1 PV ON 2000000.0000 SHARES DUE 10/24/2024 2,000,000 PAR VALUE AT 100 % .00 .00 .00 .00 .00 .0000 .000000 14,333.33 .00I 10/24/2024 10/24/2024 10/24/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 22,050.52 .00 .00 22,050.5200 1.000000 -22,050.52 FGZXX .00P 10/24/2024 10/23/2024 10/24/2024 46625HKC3 10 PURCHASED PAR VALUE OF JPMORGAN CHASE CO 3.125% 1/23/25 /J.P. MORGAN SECURITIES LLC/2,000,000 PAR VALUE AT 99.565 % .00 .00 1,991,300.00 .00 .00 2,000,000.0000 .995650 -1,991,300.00 .00P 10/24/2024 10/24/2024 46625HKC3 300 PAID ACCRUED INTEREST ON PURCHASE OF JPMORGAN CHASE CO 3.125% 1/23/25 .00 .00 .00 .00 .00 .0000 .000000 -15,798.61 .00I 10/24/2024 61747YEB7 310 INTEREST EARNED ON MORGAN STANLEY MTN 5.82983% 1/22/25 $1 PV ON 2000000.0000 SHARES DUE 10/24/2024 .00 .00 .00 .00 .00 .0000 .000000 29,149.13 MSM5825 .00I 10/31/2024 10/30/2024 10/31/2024 00287YAQ2 10 PURCHASED PAR VALUE OF ABBVIE INC 3.600% 5/14/25 /CITIGROUP GLOBAL MARKETS INC./2,000,000 PAR VALUE AT 99.41 % .00 .00 1,988,200.00 .00 .00 2,000,000.0000 .994100 -1,988,200.00 .00P 10/31/2024 10/31/2024 00287YAQ2 300 PAID ACCRUED INTEREST ON PURCHASE OF ABBVIE INC 3.600% 5/14/25 .00 .00 .00 .00 .00 .0000 .000000 -33,400.00 .00I 10/31/2024 10/31/2024 10/31/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 166,245.91 .00 .00 166,245.9100 1.000000 -166,245.91 FGZXX .00P 10/31/2024 10/31/2024 10/31/2024 31846V567 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 -21,600.00 .00 .00-21,600.0000 1.000000 21,600.00 FGZXX .00P 10/31/2024 91282CFS5 310 INTEREST EARNED ON U S TREASURY NT 0.00001% 10/31/24 $1 PV ON 2000000.0000 SHARES DUE 10/31/2024 .00 .00 .00 .00 .00 .0000 .000000 25,565.58 .00I 10/31/2024 10/31/2024 10/31/2024 91282CFS5 20 MATURED PAR VALUE OF U S TREASURY NT 0.00001% 10/31/24 2,000,000 PAR VALUE AT 100 % .00 .00 -1,999,816.63 183.37 .00-2,000,000.0000 1.000000 2,000,000.00 .00P 10/31/2024 91282CGF2 310 INTEREST EARNED ON U S TREASURY NT 5.243% 1/31/25 $1 PV ON 10875000.0000 SHARES DUE 10/31/2024 .00 .00 .00 .00 .00 .0000 .000000 140,680.33 UST0025 .00I 11/01/2024 31846V567 310 INTEREST EARNED ON FIRST AM GOVT OB FD CL Z UNIT ON 0.0000 SHARES DUE 10/31/2024 INTEREST FROM 10/1/24 TO 10/31/24 .00 .00 .00 .00 .00 .0000 .000000 162.10 FGZXX .00I Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 9 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LIQUID OPERATING PORTFOLIO6745046600 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 11/04/2024 11/04/2024 11/04/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 27,340.00 .00 .00 27,340.0000 1.000000 -27,340.00 FGZXX .00P 11/04/2024 11/04/2024 11/04/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 162.10 .00 .00 162.1000 1.000000 -162.10 FGZXX .00P 11/04/2024 4581X0DR6 310 INTEREST EARNED ON INTER AMER M T N 5.660% 2/04/25 $1 PV ON 2000000.0000 SHARES DUE 11/4/2024 .00 .00 .00 .00 .00 .0000 .000000 27,340.00 IAM5525 .00I 11/05/2024 11/05/2024 11/05/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 2,000,000.00 .00 .00 2,000,000.0000 1.000000 -2,000,000.00 FGZXX .00P 11/05/2024 11/05/2024 11/05/2024 6698M4L59 20 MATURED PAR VALUE OF NOVARTIS FIN CORP DISC C P 11/05/24 2,000,000 PAR VALUE AT 100 % .00 .00 -1,980,733.33 .00 .00-2,000,000.0000 1.000000 1,980,733.33 .00P 11/05/2024 6698M4L59 310 INTEREST EARNED ON NOVARTIS FIN CORP DISC C P 11/05/24 $1 PV ON 2000000.0000 SHARES DUE 11/5/2024 2,000,000 PAR VALUE AT 100 % .00 .00 .00 .00 .00 .0000 .000000 19,266.67 .00I 11/06/2024 11/05/2024 11/06/2024 06051GFS3 10 PURCHASED PAR VALUE OF BANK AMER CORP MTN 3.875% 8/01/25 /TD SECURITIES (USA) LLC/2,000,000 PAR VALUE AT 99.477 % .00 .00 1,989,540.00 .00 .00 2,000,000.0000 .994770 -1,989,540.00 .00P 11/06/2024 11/06/2024 06051GFS3 300 PAID ACCRUED INTEREST ON PURCHASE OF BANK AMER CORP MTN 3.875% 8/01/25 .00 .00 .00 .00 .00 .0000 .000000 -20,451.39 .00I 11/06/2024 11/06/2024 11/06/2024 31846V567 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 -2,009,991.39 .00 .00-2,009,991.3900 1.000000 2,009,991.39 FGZXX .00P 11/08/2024 11/08/2024 11/08/2024 03785DM52 10 PURCHASED PAR VALUE OF APPLE INC DISC COML C P 12/05/24 /GOLDMAN SACHS & CO. LLC/1,325,000 PAR VALUE AT 99.65724981 % .00 .00 1,320,458.56 .00 .00 1,325,000.0000 .996573 -1,320,458.56 .00P 11/08/2024 14913Q3B3 310 INTEREST EARNED ON CATERPILLAR FINL MTN 2.150% 11/08/24 $1 PV ON 1725000.0000 SHARES DUE 11/8/2024 INTEREST ON 11/8/24 MATURITY .00 .00 .00 .00 .00 .0000 .000000 18,543.75 .00I 11/08/2024 11/08/2024 11/08/2024 14913Q3B3 20 MATURED PAR VALUE OF CATERPILLAR FINL MTN 2.150% 11/08/24 1,725,000 PAR VALUE AT 100 % .00 .00 -1,717,082.25 7,917.75 .00-1,725,000.0000 1.000000 1,725,000.00 .00P 11/08/2024 3133ENDJ6 310 INTEREST EARNED ON F F C B DEB 5.460% 11/08/24 $1 PV ON 1325000.0000 SHARES DUE 11/8/2024 .00 .00 .00 .00 .00 .0000 .000000 17,446.20 .00I 11/08/2024 11/08/2024 11/08/2024 3133ENDJ6 20 MATURED PAR VALUE OF F F C B DEB 5.460% 11/08/24 1,325,000 PAR VALUE AT 100 % .00 .00 -1,325,077.87 -77.87 .00-1,325,000.0000 1.000000 1,325,000.00 .00P 11/08/2024 11/08/2024 11/08/2024 31846V567 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 -1,284,468.61 .00 .00-1,284,468.6100 1.000000 1,284,468.61 FGZXX .00P 11/08/2024 11/08/2024 11/08/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 1,084,363.64 .00 .00 1,084,363.6400 1.000000 -1,084,363.64 FGZXX .00P Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 10 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LIQUID OPERATING PORTFOLIO6745046600 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 11/08/2024 11/07/2024 11/08/2024 717081EX7 10 PURCHASED PAR VALUE OF PFIZER INC SR GLBL 0.800% 5/28/25 /GOLDMAN SACHS & CO. LLC/1,095,000 PAR VALUE AT 97.924 % .00 .00 1,072,267.80 .00 .00 1,095,000.0000 .979240 -1,072,267.80 .00P 11/08/2024 11/08/2024 717081EX7 300 PAID ACCRUED INTEREST ON PURCHASE OF PFIZER INC SR GLBL 0.800% 5/28/25 .00 .00 .00 .00 .00 .0000 .000000 -3,893.33 .00I 11/08/2024 11/07/2024 11/08/2024 717081EX7 10 PURCHASED PAR VALUE OF PFIZER INC SR GLBL 0.800% 5/28/25 /CANTOR FITZGERALD & CO./905,000 PAR VALUE AT 97.929 % .00 .00 886,257.45 .00 .00 905,000.0000 .979290 -886,257.45 .00P 11/08/2024 11/08/2024 717081EX7 300 PAID ACCRUED INTEREST ON PURCHASE OF PFIZER INC SR GLBL 0.800% 5/28/25 .00 .00 .00 .00 .00 .0000 .000000 -3,217.78 .00I 11/12/2024 11/08/2024 11/12/2024 26875PAM3 10 PURCHASED PAR VALUE OF EOG RESOURCES INC 3.150% 4/01/25 /GOLDMAN SACHS & CO. LLC/1,724,000 PAR VALUE AT 99.374 % .00 .00 1,713,207.76 .00 .00 1,724,000.0000 .993740 -1,713,207.76 .00P 11/12/2024 11/12/2024 26875PAM3 300 PAID ACCRUED INTEREST ON PURCHASE OF EOG RESOURCES INC 3.150% 4/01/25 .00 .00 .00 .00 .00 .0000 .000000 -6,184.85 .00I 11/12/2024 11/12/2024 11/12/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 983,419.21 .00 .00 983,419.2100 1.000000 -983,419.21 FGZXX .00P 11/12/2024 11/12/2024 11/12/2024 31846V567 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 -884,561.00 .00 .00-884,561.0000 1.000000 884,561.00 FGZXX .00P 11/12/2024 11/12/2024 11/12/2024 713448FU7 20 MATURED PAR VALUE OF PEPSICO INC 5.44144% 11/12/24 2,000,000 PAR VALUE AT 100 % .00 .00 -2,000,760.00 -760.00 .00-2,000,000.0000 1.000000 2,000,000.00 PI55624 .00P 11/12/2024 713448FU7 310 INTEREST EARNED ON PEPSICO INC 5.44144% 11/12/24 $1 PV ON 2000000.0000 SHARES DUE 11/12/2024 .00 .00 .00 .00 .00 .0000 .000000 27,811.82 PI55624 .00I 11/12/2024 11/07/2024 11/08/2024 717081EX7 10 PURCHASED PAR VALUE OF PFIZER INC SR GLBL 0.800% 5/28/25 /CANTOR FITZGERALD & CO./5,000 PAR VALUE AT 97.929 % .00 .00 4,896.45 .00 .00 5,000.0000 .979290 -4,896.45 .00P 11/12/2024 11/08/2024 717081EX7 300 PAID ACCRUED INTEREST ON PURCHASE OF PFIZER INC SR GLBL 0.800% 5/28/25 .00 .00 .00 .00 .00 .0000 .000000 -17.78 .00I 11/12/2024 11/07/2024 11/08/2024 717081EX7 10 PURCHASED PAR VALUE OF PFIZER INC SR GLBL 0.800% 5/28/25 /CANTOR FITZGERALD & CO./900,000 PAR VALUE AT 97.929 % .00 .00 881,361.00 .00 .00 900,000.0000 .979290 -881,361.00 .00P 11/12/2024 11/08/2024 717081EX7 300 PAID ACCRUED INTEREST ON PURCHASE OF PFIZER INC SR GLBL 0.800% 5/28/25 .00 .00 .00 .00 .00 .0000 .000000 -3,200.00 .00I 11/12/2024 11/07/2024 11/08/2024 717081EX7 10 PURCHASED PAR VALUE OF PFIZER INC SR GLBL 0.800% 5/28/25 /CANTOR FITZGERALD & CO./900,000 PAR VALUE AT 97.929 % .00 .00 881,361.00 .00 .00 900,000.0000 .979290 -881,361.00 .00P 11/12/2024 11/08/2024 717081EX7 300 PAID ACCRUED INTEREST ON PURCHASE OF PFIZER INC SR GLBL 0.800% 5/28/25 .00 .00 .00 .00 .00 .0000 .000000 -3,200.00 .00I Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 11 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LIQUID OPERATING PORTFOLIO6745046600 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 11/12/2024 11/08/2024 717081EX7 300 PAID ACCRUED INTEREST ON PURCHASE OF PFIZER INC SR GLBL 0.800% 5/28/25 .00 .00 .00 .00 .00 .0000 .000000 3,217.78 .00I 11/12/2024 11/07/2024 11/08/2024 717081EX7 10 PURCHASE-REV PAR VALUE OF PFIZER INC SR GLBL 0.800% 5/28/25 /CANTOR FITZGERALD & CO./ .00 .00 -886,257.45 .00 .00-905,000.0000 -.979290 886,257.45 .00P 11/12/2024 11/12/2024 11/12/2024 912797MB0 20 MATURED PAR VALUE OF U S TREASURY BILL 11/12/24 675,000 PAR VALUE AT 100 % .00 .00 -669,785.17 .00 .00-675,000.0000 1.000000 669,785.17 .00P 11/12/2024 912797MB0 310 INTEREST EARNED ON U S TREASURY BILL 11/12/24 $1 PV ON 675000.0000 SHARES DUE 11/12/2024 675,000 PAR VALUE AT 100 % .00 .00 .00 .00 .00 .0000 .000000 5,214.83 .00I 11/13/2024 11/13/2024 11/13/2024 31846V567 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 -122,958.85 .00 .00-122,958.8500 1.000000 122,958.85 FGZXX .00P 11/13/2024 11/12/2024 11/13/2024 45866FAT1 10 PURCHASED PAR VALUE OF INTERCONTINENTAL 3.650% 5/23/25 /RBC CAPITAL MARKETS, LLC/950,000 PAR VALUE AT 99.451 % .00 .00 944,784.50 .00 .00 950,000.0000 .994510 -944,784.50 .00P 11/13/2024 11/13/2024 45866FAT1 300 PAID ACCRUED INTEREST ON PURCHASE OF INTERCONTINENTAL 3.650% 5/23/25 .00 .00 .00 .00 .00 .0000 .000000 -16,374.31 .00I 11/14/2024 00287YAQ2 310 INTEREST EARNED ON ABBVIE INC 3.600% 5/14/25 $1 PV ON 2000000.0000 SHARES DUE 11/14/2024 .00 .00 .00 .00 .00 .0000 .000000 36,000.00 .00I 11/14/2024 11/14/2024 11/14/2024 14913UAG5 20 MATURED PAR VALUE OF CATERPILLAR MTN 5.94279% 11/14/24 535,000 PAR VALUE AT 100 % .00 .00 -535,192.60 -192.60 .00-535,000.0000 1.000000 535,000.00 CM55924 .00P 11/14/2024 14913UAG5 310 INTEREST EARNED ON CATERPILLAR MTN 5.94279% 11/14/24 $1 PV ON 535000.0000 SHARES DUE 11/14/2024 .00 .00 .00 .00 .00 .0000 .000000 7,541.95 CM55924 .00I 11/14/2024 11/14/2024 11/14/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 624,902.99 .00 .00 624,902.9900 1.000000 -624,902.99 FGZXX .00P 11/14/2024 11/08/2024 717081EX7 300 PAID ACCRUED INTEREST ON PURCHASE OF PFIZER INC SR GLBL 0.800% 5/28/25 .00 .00 .00 .00 .00 .0000 .000000 3,200.00 .00I 11/14/2024 11/07/2024 11/08/2024 717081EX7 10 PURCHASE-REV PAR VALUE OF PFIZER INC SR GLBL 0.800% 5/28/25 /CANTOR FITZGERALD & CO./ .00 .00 -881,361.00 .00 .00-900,000.0000 -.979290 881,361.00 .00P 11/15/2024 11/14/2024 11/15/2024 17325FBA5 10 PURCHASED PAR VALUE OF CITIBANK N A 5.864% 9/29/25 /GOLDMAN SACHS & CO. LLC/600,000 PAR VALUE AT 101.061 % .00 .00 606,366.00 .00 .00 600,000.0000 1.010610 -606,366.00 .00P 11/15/2024 11/15/2024 17325FBA5 300 PAID ACCRUED INTEREST ON PURCHASE OF CITIBANK N A 5.864% 9/29/25 .00 .00 .00 .00 .00 .0000 .000000 -4,495.74 .00I 11/15/2024 11/15/2024 11/15/2024 31846V567 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 -610,861.74 .00 .00-610,861.7400 1.000000 610,861.74 FGZXX .00P Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 12 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LIQUID OPERATING PORTFOLIO6745046600 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 11/25/2024 11/25/2024 11/25/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 34,145.75 .00 .00 34,145.7500 1.000000 -34,145.75 FGZXX .00P 11/25/2024 45866FAT1 310 INTEREST EARNED ON INTERCONTINENTAL 3.650% 5/23/25 $1 PV ON 1871000.0000 SHARES DUE 11/23/2024 .00 .00 .00 .00 .00 .0000 .000000 34,145.75 .00I 11/27/2024 330 CASH RECEIPT INCOMING WIRES WIRE REC'D 11/27/2024 .00 .00 .00 .00 .00 .0000 .000000 25,000,000.00 .00P 11/29/2024 11/29/2024 11/29/2024 313385CL8 10 PURCHASED PAR VALUE OF F H L B DISC NTS 2/28/25 /TD SECURITIES (USA) LLC/7,000,000 PAR VALUE AT 98.88525 % .00 .00 6,921,967.50 .00 .00 7,000,000.0000 .988852 -6,921,967.50 .00P 11/29/2024 11/29/2024 11/29/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 25,008,000.00 .00 .00 25,008,000.0000 1.000000 -25,008,000.00 FGZXX .00P 11/29/2024 11/29/2024 11/29/2024 31846V567 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 -16,021,628.63 .00 .00-16,021,628.6300 1.000000 16,021,628.63 FGZXX .00P 11/29/2024 717081EX7 310 INTEREST EARNED ON PFIZER INC SR GLBL 0.800% 5/28/25 $1 PV ON 2000000.0000 SHARES DUE 11/28/2024 .00 .00 .00 .00 .00 .0000 .000000 8,000.00 .00I 11/29/2024 11/29/2024 11/29/2024 912797MP9 10 PURCHASED PAR VALUE OF U S TREASURY BILL 12/17/24 /NMRIUS33 NOMURA SECS INTL NY/6,500,000 PAR VALUE AT 99.77332508 % .00 .00 6,485,266.13 .00 .00 6,500,000.0000 .997733 -6,485,266.13 .00P 11/29/2024 11/29/2024 11/29/2024 912797MR5 10 PURCHASED PAR VALUE OF U S TREASURY BILL 12/31/24 /RBC CAPITAL MARKETS, LLC/2,625,000 PAR VALUE AT 99.596 % .00 .00 2,614,395.00 .00 .00 2,625,000.0000 .995960 -2,614,395.00 .00P 12/02/2024 12/02/2024 12/02/2024 14912DMG1 10 PURCHASED PAR VALUE OF CATERPILLAR FINL SVCS C P 12/16/24 /BOFA SECURITIES, INC./FXD INC/3,250,000 PAR VALUE AT 99.82227785 % .00 .00 3,244,224.03 .00 .00 3,250,000.0000 .998223 -3,244,224.03 .00P 12/02/2024 12/02/2024 12/02/2024 14912DMG1 10 PURCHASED PAR VALUE OF CATERPILLAR FINL SVCS C P 12/16/24 /BOFA SECURITIES, INC./FXD INC/3,250,000 PAR VALUE AT 99.82227785 % .00 .00 3,244,224.03 .00 .00 3,250,000.0000 .998223 -3,244,224.03 .00P 12/02/2024 31846V567 310 INTEREST EARNED ON FIRST AM GOVT OB FD CL Z UNIT ON 0.0000 SHARES DUE 11/30/2024 INTEREST FROM 11/1/24 TO 11/30/24 .00 .00 .00 .00 .00 .0000 .000000 2,839.37 FGZXX .00I 12/02/2024 12/02/2024 12/02/2024 31846V567 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 -9,034,558.37 .00 .00-9,034,558.3700 1.000000 9,034,558.37 FGZXX .00P 12/02/2024 12/02/2024 12/02/2024 6698M4MA7 10 PURCHASED PAR VALUE OF NOVARTIS FIN CORP DISC C P 12/10/24 /BOFA SECURITIES, INC./FXD INC/3,250,000 PAR VALUE AT 99.89866677 % .00 .00 3,246,706.67 .00 .00 3,250,000.0000 .998987 -3,246,706.67 .00P 12/02/2024 11/29/2024 11/29/2024 880592R93 10 PURCHASED PAR VALUE OF T V A DISC NTS 12/04/24 /CITIGROUP GLOBAL MARKETS INC./XOTC 1,100,000 PAR VALUE AT 99.93680545 % .00 .00 1,099,304.86 .00 .00 1,100,000.0000 .999368 -1,099,304.86 .00P 12/03/2024 12/02/2024 12/02/2024 14912DMG1 10 PURCHASE-REV PAR VALUE OF CATERPILLAR FINL SVCS C P 12/16/24 /BOFA SECURITIES, INC./FXD INC/3,250,000 PAR VALUE AT 99.82227785 % .00 .00 -3,244,224.03 .00 .00-3,250,000.0000 -.998223 3,244,224.03 .00P Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 13 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LIQUID OPERATING PORTFOLIO6745046600 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 12/03/2024 12/03/2024 12/03/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 23,967.18 .00 .00 23,967.1800 1.000000 -23,967.18 FGZXX .00P 12/03/2024 12/02/2024 12/03/2024 93114EMD6 10 PURCHASED PAR VALUE OF WALMART INC C P 12/13/24 /BARCLAYS CAPITAL INC. FIXED IN/XOTC 1,425,000 PAR VALUE AT 99.87333333 % .00 .00 1,423,195.00 .00 .00 1,425,000.0000 .998733 -1,423,195.00 .00P 12/04/2024 12/03/2024 12/04/2024 3130ANBF6 10 PURCHASED PAR VALUE OF F H L B DEB 0.650% 1/29/25 /CITIGROUP GLOBAL MARKETS INC./2,750,000 PAR VALUE AT 99.399 % .00 .00 2,733,472.50 .00 .00 2,750,000.0000 .993990 -2,733,472.50 .00P 12/04/2024 12/04/2024 3130ANBF6 300 PAID ACCRUED INTEREST ON PURCHASE OF F H L B DEB 0.650% 1/29/25 .00 .00 .00 .00 .00 .0000 .000000 -6,206.60 .00I 12/04/2024 12/04/2024 12/04/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 7,667.65 .00 .00 7,667.6500 1.000000 -7,667.65 FGZXX .00P 12/04/2024 12/04/2024 12/04/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 1,100,000.00 .00 .00 1,100,000.0000 1.000000 -1,100,000.00 FGZXX .00P 12/04/2024 12/04/2024 12/04/2024 880592R93 20 MATURED PAR VALUE OF T V A DISC NTS 12/04/24 1,100,000 PAR VALUE AT 100 % .00 .00 -1,099,304.86 .00 .00-1,100,000.0000 1.000000 1,099,304.86 .00P 12/04/2024 880592R93 310 INTEREST EARNED ON T V A DISC NTS 12/04/24 $1 PV ON 1100000.0000 SHARES DUE 12/4/2024 1,100,000 PAR VALUE AT 100 % .00 .00 .00 .00 .00 .0000 .000000 695.14 .00I 12/04/2024 12/03/2024 12/04/2024 912797MP9 20 SOLD PAR VALUE OF U S TREASURY BILL 12/17/24 /MORGAN STANLEY & CO. LLC/1,650,000 PAR VALUE AT 99.83919697 % .00 .00 -1,646,259.86 .00 .00-1,650,000.0000 .998392 1,646,259.86 .00P 12/04/2024 912797MP9 310 INTEREST EARNED ON U S TREASURY BILL 12/17/24 $1 PV ON 1650000.0000 SHARES DUE 12/3/2024 1,650,000 PAR VALUE AT 99.83919697 % .00 .00 .00 .00 .00 .0000 .000000 1,086.89 .00I 12/05/2024 12/05/2024 12/05/2024 03785DM52 20 MATURED PAR VALUE OF APPLE INC DISC COML C P 12/05/24 1,325,000 PAR VALUE AT 100 % .00 .00 -1,320,458.56 .00 .00-1,325,000.0000 1.000000 1,320,458.56 .00P 12/05/2024 03785DM52 310 INTEREST EARNED ON APPLE INC DISC COML C P 12/05/24 $1 PV ON 1325000.0000 SHARES DUE 12/5/2024 1,325,000 PAR VALUE AT 100 % .00 .00 .00 .00 .00 .0000 .000000 4,541.44 .00I 12/05/2024 12/04/2024 12/05/2024 3130AK5E2 10 PURCHASED PAR VALUE OF F H L B DEB 0.375% 9/04/25 /STONEX FINANCIAL INC./250,000 PAR VALUE AT 97.1 % .00 .00 242,750.00 .00 .00 250,000.0000 .971000 -242,750.00 .00P 12/05/2024 12/05/2024 3130AK5E2 300 PAID ACCRUED INTEREST ON PURCHASE OF F H L B DEB 0.375% 9/04/25 .00 .00 .00 .00 .00 .0000 .000000 -236.98 .00I 12/05/2024 12/04/2024 12/05/2024 3133ERGW5 10 PURCHASED PAR VALUE OF F F C B DEB 5.27786% 6/12/25 /BARCLAYS CAPITAL INC. FIXED IN/XOTC 478,000 PAR VALUE AT 99.90171967 % .00 .00 477,530.22 .00 .00 478,000.0000 .999017 -477,530.22 FFC5225E .00P 12/05/2024 12/05/2024 3133ERGW5 300 PAID ACCRUED INTEREST ON PURCHASE OF F F C B DEB 5.27786% 6/12/25 .00 .00 .00 .00 .00 .0000 .000000 -5,184.43 FFC5225E .00I Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 14 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LIQUID OPERATING PORTFOLIO6745046600 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 12/05/2024 12/04/2024 12/05/2024 31846V567 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 -500,701.63 .00 .00-500,701.6300 1.000000 500,701.63 FGZXX .00P 12/05/2024 12/05/2024 12/05/2024 31846V567 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 -614,554.69 .00 .00-614,554.6900 1.000000 614,554.69 FGZXX .00P 12/05/2024 12/05/2024 12/05/2024 912797NC7 10 PURCHASED PAR VALUE OF U S TREASURY BILL 4/24/25 /IRVTUS3N BK OF NEW YORK/625,000 PAR VALUE AT 98.3287504 % .00 .00 614,554.69 .00 .00 625,000.0000 .983287 -614,554.69 .00P 12/09/2024 12/06/2024 12/09/2024 02361DAP5 10 PURCHASED PAR VALUE OF AMEREN ILLINOIS CO 3.250% 3/01/25 /RBC CAPITAL MARKETS, LLC/1,760,000 PAR VALUE AT 99.652 % .00 .00 1,753,875.20 .00 .00 1,760,000.0000 .996520 -1,753,875.20 .00P 12/09/2024 12/09/2024 02361DAP5 300 PAID ACCRUED INTEREST ON PURCHASE OF AMEREN ILLINOIS CO 3.250% 3/01/25 .00 .00 .00 .00 .00 .0000 .000000 -15,571.11 .00I 12/09/2024 3133EPLN3 310 INTEREST EARNED ON F F C B DEB 5.01407% 3/07/25 $1 PV ON 2382000.0000 SHARES DUE 12/7/2024 .00 .00 .00 .00 .00 .0000 .000000 30,190.53 FFC5325A .00I 12/09/2024 12/09/2024 12/09/2024 3133EPLZ6 20 FULL CALL PAR VALUE OF FEDERAL FARM CR BK 0.00001% 6/09/25 /CALLS/ .00 .00 -1,425,420.00 -420.00 .00-1,425,000.0000 1.000000 1,425,000.00 .00P 12/09/2024 3133EPLZ6 310 INTEREST EARNED ON FEDERAL FARM CR BK 0.00001% 6/09/25 $1 PV ON 1425000.0000 SHARES DUE 12/9/2024 .00 .00 .00 .00 .00 .0000 .000000 18,073.75 .00I 12/09/2024 12/09/2024 12/09/2024 31846V567 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 -14,550.15 .00 .00-14,550.1500 1.000000 14,550.15 FGZXX .00P 12/09/2024 12/09/2024 12/09/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 18,073.75 .00 .00 18,073.7500 1.000000 -18,073.75 FGZXX .00P 12/09/2024 12/06/2024 12/09/2024 912797MP9 20 SOLD PAR VALUE OF U S TREASURY BILL 12/17/24 /J.P. MORGAN SECURITIES LLC/300,000 PAR VALUE AT 99.90187667 % .00 .00 -299,319.98 .00 .00-300,000.0000 .999019 299,319.98 .00P 12/09/2024 912797MP9 310 INTEREST EARNED ON U S TREASURY BILL 12/17/24 $1 PV ON 300000.0000 SHARES DUE 12/6/2024 300,000 PAR VALUE AT 99.90187667 % .00 .00 .00 .00 .00 .0000 .000000 385.65 .00I 12/10/2024 12/04/2024 12/05/2024 3133ERGW5 10 PURCHASED PAR VALUE OF F F C B DEB 5.27786% 6/12/25 /BARCUS33 BARCLAYS BK NY/XOTC 478,000 PAR VALUE AT 99.90171757 % .00 .00 477,530.21 .00 .00 478,000.0000 .999017 -477,530.21 FFC5225E .00P 12/10/2024 12/05/2024 3133ERGW5 300 PAID ACCRUED INTEREST ON PURCHASE OF F F C B DEB 5.27786% 6/12/25 .00 .00 .00 .00 .00 .0000 .000000 -5,040.74 FFC5225E .00I 12/10/2024 12/10/2024 12/10/2024 31846V567 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 -3,269,902.11 .00 .00-3,269,902.1100 1.000000 3,269,902.11 FGZXX .00P 12/10/2024 12/10/2024 12/10/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 3,250,000.00 .00 .00 3,250,000.0000 1.000000 -3,250,000.00 FGZXX .00P Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 15 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LIQUID OPERATING PORTFOLIO6745046600 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 12/10/2024 12/10/2024 12/10/2024 6698M4MA7 20 MATURED PAR VALUE OF NOVARTIS FIN CORP DISC C P 12/10/24 3,250,000 PAR VALUE AT 100 % .00 .00 -3,246,706.67 .00 .00-3,250,000.0000 1.000000 3,246,706.67 .00P 12/10/2024 6698M4MA7 310 INTEREST EARNED ON NOVARTIS FIN CORP DISC C P 12/10/24 $1 PV ON 3250000.0000 SHARES DUE 12/10/2024 3,250,000 PAR VALUE AT 100 % .00 .00 .00 .00 .00 .0000 .000000 3,293.33 .00I 12/10/2024 12/09/2024 12/10/2024 90477DMC7 10 PURCHASED PAR VALUE OF UNILEVER CAP CORP DISC C P 12/12/24 /BOFA SECURITIES, INC./FXD INC/3,250,000 PAR VALUE AT 99.97466677 % .00 .00 3,249,176.67 .00 .00 3,250,000.0000 .999747 -3,249,176.67 .00P 12/11/2024 12/05/2024 3133ERGW5 300 PAID ACCRUED INTEREST ON PURCHASE OF F F C B DEB 5.27786% 6/12/25 .00 .00 .00 .00 .00 .0000 .000000 5,184.43 FFC5225E .00I 12/11/2024 12/04/2024 12/05/2024 3133ERGW5 10 PURCHASE-REV PAR VALUE OF F F C B DEB 5.27786% 6/12/25 /BARCLAYS CAPITAL INC. FIXED IN/XOTC 478,000 PAR VALUE AT 99.90171967 % .00 .00 -477,530.22 .00 .00-478,000.0000 -.999017 477,530.22 FFC5225E .00P 12/11/2024 12/11/2024 12/11/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 20,869.14 .00 .00 20,869.1400 1.000000 -20,869.14 FGZXX .00P 12/12/2024 12/12/2024 12/12/2024 16677JPU4 10 PURCHASED PAR VALUE OF CHEVRON CORP DISC COML C P 2/28/25 /BOFA SECURITIES, INC./FXD INC/3,250,000 PAR VALUE AT 99.04666677 % .00 .00 3,219,016.67 .00 .00 3,250,000.0000 .990467 -3,219,016.67 .00P 12/12/2024 12/12/2024 12/12/2024 31846V567 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 -3,224,621.17 .00 .00-3,224,621.1700 1.000000 3,224,621.17 FGZXX .00P 12/12/2024 12/12/2024 12/12/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 3,255,604.50 .00 .00 3,255,604.5000 1.000000 -3,255,604.50 FGZXX .00P 12/12/2024 12/12/2024 12/12/2024 90477DMC7 20 MATURED PAR VALUE OF UNILEVER CAP CORP DISC C P 12/12/24 3,250,000 PAR VALUE AT 100 % .00 .00 -3,249,176.67 .00 .00-3,250,000.0000 1.000000 3,249,176.67 .00P 12/12/2024 90477DMC7 310 INTEREST EARNED ON UNILEVER CAP CORP DISC C P 12/12/24 $1 PV ON 3250000.0000 SHARES DUE 12/12/2024 3,250,000 PAR VALUE AT 100 % .00 .00 .00 .00 .00 .0000 .000000 823.33 .00I 12/13/2024 12/13/2024 12/13/2024 313385BM7 10 PURCHASED PAR VALUE OF F H L B DISC NTS 2/05/25 /BARCLAYS CAPITAL INC. FIXED IN/XOTC 1,000,000 PAR VALUE AT 99.35425 % .00 .00 993,542.50 .00 .00 1,000,000.0000 .993542 -993,542.50 .00P 12/13/2024 12/13/2024 12/13/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 1,425,000.00 .00 .00 1,425,000.0000 1.000000 -1,425,000.00 FGZXX .00P 12/13/2024 12/13/2024 12/13/2024 31846V567 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 -1,238,540.63 .00 .00-1,238,540.6300 1.000000 1,238,540.63 FGZXX .00P 12/13/2024 12/13/2024 12/13/2024 45685QSM2 10 PURCHASED PAR VALUE OF ING US FDG LLC DISC C P 5/21/25 /BARCLAYS CAPITAL INC. FIXED IN/250,000 PAR VALUE AT 97.999252 % .00 .00 244,998.13 .00 .00 250,000.0000 .979993 -244,998.13 .00P Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 16 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LIQUID OPERATING PORTFOLIO6745046600 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 12/13/2024 12/13/2024 12/13/2024 93114EMD6 20 MATURED PAR VALUE OF WALMART INC C P 12/13/24 1,425,000 PAR VALUE AT 100 % .00 .00 -1,423,195.00 .00 .00-1,425,000.0000 1.000000 1,423,195.00 .00P 12/13/2024 93114EMD6 310 INTEREST EARNED ON WALMART INC C P 12/13/24 $1 PV ON 1425000.0000 SHARES DUE 12/13/2024 1,425,000 PAR VALUE AT 100 % .00 .00 .00 .00 .00 .0000 .000000 1,805.00 .00I 12/16/2024 12/16/2024 12/16/2024 03785DN93 10 PURCHASED PAR VALUE OF APPLE INC DISC COML C P 1/09/25 /GOLDMAN SACHS & CO. LLC/3,250,000 PAR VALUE AT 99.70333323 % .00 .00 3,240,358.33 .00 .00 3,250,000.0000 .997033 -3,240,358.33 .00P 12/16/2024 12/16/2024 12/16/2024 14912DMG1 20 MATURED PAR VALUE OF CATERPILLAR FINL SVCS C P 12/16/24 3,250,000 PAR VALUE AT 100 % .00 .00 -3,244,224.03 .00 .00-3,250,000.0000 1.000000 3,244,224.03 .00P 12/16/2024 14912DMG1 310 INTEREST EARNED ON CATERPILLAR FINL SVCS C P 12/16/24 $1 PV ON 3250000.0000 SHARES DUE 12/16/2024 3,250,000 PAR VALUE AT 100 % .00 .00 .00 .00 .00 .0000 .000000 5,775.97 .00I 12/16/2024 12/16/2024 12/16/2024 31846V567 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 -3,240,358.33 .00 .00-3,240,358.3300 1.000000 3,240,358.33 FGZXX .00P 12/16/2024 12/16/2024 12/16/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 3,262,265.14 .00 .00 3,262,265.1400 1.000000 -3,262,265.14 FGZXX .00P 12/16/2024 6944PL2T5 310 INTEREST EARNED ON PACIFIC LIFE M T N 5.67502% 6/16/25 $1 PV ON 855000.0000 SHARES DUE 12/16/2024 .00 .00 .00 .00 .00 .0000 .000000 12,265.14 PLM6025 .00I 12/17/2024 12/17/2024 12/17/2024 31846V567 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 -981,300.00 .00 .00-981,300.0000 1.000000 981,300.00 FGZXX .00P 12/17/2024 12/17/2024 12/17/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 4,550,000.00 .00 .00 4,550,000.0000 1.000000 -4,550,000.00 FGZXX .00P 12/17/2024 12/17/2024 12/17/2024 46590DSK7 10 PURCHASED PAR VALUE OF J P MORGAN SECS LLC C P 5/19/25 /J.P. MORGAN SECURITIES LLC/XOTC 1,000,000 PAR VALUE AT 98.13 % .00 .00 981,300.00 .00 .00 1,000,000.0000 .981300 -981,300.00 .00P 12/17/2024 12/17/2024 12/17/2024 912797MP9 20 MATURED PAR VALUE OF U S TREASURY BILL 12/17/24 4,550,000 PAR VALUE AT 100 % .00 .00 -4,539,686.29 .00 .00-4,550,000.0000 1.000000 4,539,686.29 .00P 12/17/2024 912797MP9 310 INTEREST EARNED ON U S TREASURY BILL 12/17/24 $1 PV ON 4550000.0000 SHARES DUE 12/17/2024 4,550,000 PAR VALUE AT 100 % .00 .00 .00 .00 .00 .0000 .000000 10,313.71 .00I 12/18/2024 12/18/2024 12/18/2024 31846V567 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 -3,223,878.02 .00 .00-3,223,878.0200 1.000000 3,223,878.02 FGZXX .00P 12/18/2024 459058JJ3 310 INTEREST EARNED ON INTL BK M T N 0.00001% 9/18/25 $1 PV ON 1140000.0000 SHARES DUE 12/18/2024 .00 .00 .00 .00 .00 .0000 .000000 14,785.80 IBM5125 .00I 12/18/2024 12/17/2024 12/17/2024 880590AQ7 10 PURCHASED PAR VALUE OF T V A DISC NTS 1/15/25 /IRVTUS3N BK OF NEW YORK/XOTC 3,250,000 PAR VALUE AT 99.65119446 % .00 .00 3,238,663.82 .00 .00 3,250,000.0000 .996512 -3,238,663.82 .00P Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 17 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LIQUID OPERATING PORTFOLIO6745046600 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 12/19/2024 330 CASH RECEIPT INCOMING WIRES WIRE REC'D 12/19/2024 .00 .00 .00 .00 .00 .0000 .000000 50,000,000.00 .00P 12/19/2024 12/18/2024 12/19/2024 3133EPRC1 10 PURCHASED PAR VALUE OF F F C B DEB 5.06989% 5/27/25 /WELLS FARGO SECURITIES, LLC/500,000 PAR VALUE AT 100.0548 % .00 .00 500,274.00 .00 .00 500,000.0000 1.000548 -500,274.00 FFC1825 .00P 12/19/2024 12/19/2024 3133EPRC1 300 PAID ACCRUED INTEREST ON PURCHASE OF F F C B DEB 5.06989% 5/27/25 .00 .00 .00 .00 .00 .0000 .000000 -1,453.19 FFC1825 .00I 12/19/2024 31846V567 330 CASH RECEIPT SHORT-TERM CAPITAL GAIN DIV FIRST AM GOVT OB FD CL Z STCG PAYABLE 12/19/24 .00 .00 .00 .00 .00 .0000 .000000 17.23 FGZXX .00I 12/19/2024 12/19/2024 12/19/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 17.23 .00 .00 17.2300 1.000000 -17.23 FGZXX .00P 12/19/2024 12/19/2024 12/19/2024 31846V567 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 -501,727.19 .00 .00-501,727.1900 1.000000 501,727.19 FGZXX .00P 12/20/2024 12/20/2024 12/20/2024 14912DN88 10 PURCHASED PAR VALUE OF CATERPILLAR FINL SVCS C P 1/08/25 /BOFA SECURITIES, INC./FXD INC/XOTC 5,750,000 PAR VALUE AT 99.7704167 % .00 .00 5,736,798.96 .00 .00 5,750,000.0000 .997704 -5,736,798.96 .00P 12/20/2024 12/20/2024 12/20/2024 31846V567 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 -11,470,162.29 .00 .00-11,470,162.2900 1.000000 11,470,162.29 FGZXX .00P 12/20/2024 12/20/2024 12/20/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 50,000,000.00 .00 .00 50,000,000.0000 1.000000 -50,000,000.00 FGZXX .00P 12/20/2024 12/20/2024 12/20/2024 6698M4ND0 10 PURCHASED PAR VALUE OF NOVARTIS FIN CORP DISC C P 1/13/25 /BOFA SECURITIES, INC./FXD INC/5,750,000 PAR VALUE AT 99.71066661 % .00 .00 5,733,363.33 .00 .00 5,750,000.0000 .997107 -5,733,363.33 .00P 12/23/2024 12/20/2024 12/23/2024 17325FBA5 10 PURCHASED PAR VALUE OF CITIBANK N A 5.864% 9/29/25 /J.P. MORGAN SECURITIES LLC/1,500,000 PAR VALUE AT 100.914 % .00 .00 1,513,710.00 .00 .00 1,500,000.0000 1.009140 -1,513,710.00 .00P 12/23/2024 12/23/2024 17325FBA5 300 PAID ACCRUED INTEREST ON PURCHASE OF CITIBANK N A 5.864% 9/29/25 .00 .00 .00 .00 .00 .0000 .000000 -20,524.00 .00I 12/23/2024 12/23/2024 12/23/2024 31846V567 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 -38,589,225.57 .00 .00-38,589,225.5700 1.000000 38,589,225.57 FGZXX .00P 12/23/2024 12/23/2024 12/23/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 17,530.65 .00 .00 17,530.6500 1.000000 -17,530.65 FGZXX .00P 12/23/2024 12/20/2024 12/23/2024 437076CR1 10 PURCHASED PAR VALUE OF HOME DEPOT INC 4.000% 9/15/25 /JEFFERIES LLC/2,000,000 PAR VALUE AT 99.752 % .00 .00 1,995,040.00 .00 .00 2,000,000.0000 .997520 -1,995,040.00 .00P 12/23/2024 12/23/2024 437076CR1 300 PAID ACCRUED INTEREST ON PURCHASE OF HOME DEPOT INC 4.000% 9/15/25 .00 .00 .00 .00 .00 .0000 .000000 -21,777.78 .00I Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 18 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LIQUID OPERATING PORTFOLIO6745046600 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 12/23/2024 12/20/2024 12/23/2024 4497W0TR9 10 PURCHASED PAR VALUE OF ING U S FDG LLC DISC C P 6/25/25 /WELLS FARGO SECURITIES, LLC/XOTC 4,000,000 PAR VALUE AT 97.71533325 % .00 .00 3,908,613.33 .00 .00 4,000,000.0000 .977153 -3,908,613.33 .00P 12/23/2024 12/20/2024 12/23/2024 594918BJ2 10 PURCHASED PAR VALUE OF MICROSOFT CORP 3.125% 11/03/25 /WELLS FARGO SECURITIES, LLC/2,100,000 PAR VALUE AT 98.935 % .00 .00 2,077,635.00 .00 .00 2,100,000.0000 .989350 -2,077,635.00 .00P 12/23/2024 12/23/2024 594918BJ2 300 PAID ACCRUED INTEREST ON PURCHASE OF MICROSOFT CORP 3.125% 11/03/25 .00 .00 .00 .00 .00 .0000 .000000 -9,114.58 .00I 12/23/2024 12/20/2024 12/23/2024 6174468C6 10 PURCHASED PAR VALUE OF MORGAN STANLEY 4.000% 7/23/25 /WELLS FARGO SECURITIES, LLC/1,266,000 PAR VALUE AT 99.661 % .00 .00 1,261,708.26 .00 .00 1,266,000.0000 .996610 -1,261,708.26 .00P 12/23/2024 12/23/2024 6174468C6 300 PAID ACCRUED INTEREST ON PURCHASE OF MORGAN STANLEY 4.000% 7/23/25 .00 .00 .00 .00 .00 .0000 .000000 -21,100.00 .00I 12/23/2024 61747YEB7 310 INTEREST EARNED ON MORGAN STANLEY MTN 5.82983% 1/22/25 $1 PV ON 2000000.0000 SHARES DUE 12/22/2024 12/20 FULL CALL INTEREST .00 .00 .00 .00 .00 .0000 .000000 17,530.65 MSM5825 .00I 12/23/2024 12/23/2024 12/23/2024 61747YEB7 20 FULL CALL PAR VALUE OF MORGAN STANLEY MTN 5.82983% 1/22/25 /CALLS/ .00 .00 -2,001,820.00 -1,820.00 .00-2,000,000.0000 1.000000 2,000,000.00 MSM5825 .00P 12/23/2024 12/20/2024 12/23/2024 68233JBZ6 10 PURCHASED PAR VALUE OF ONCOR ELEC DELIVERY 0.550% 10/01/25 /J.P. MORGAN SECURITIES LLC/2,000,000 PAR VALUE AT 97.022 % .00 .00 1,940,440.00 .00 .00 2,000,000.0000 .970220 -1,940,440.00 .00P 12/23/2024 12/23/2024 68233JBZ6 300 PAID ACCRUED INTEREST ON PURCHASE OF ONCOR ELEC DELIVERY 0.550% 10/01/25 .00 .00 .00 .00 .00 .0000 .000000 -2,505.56 .00I 12/23/2024 12/20/2024 12/23/2024 91282CGF2 10 PURCHASED PAR VALUE OF U S TREASURY NT 5.243% 1/31/25 /TD SECURITIES (USA) LLC/24,125,000 PAR VALUE AT 100.01405778 % .00 .00 24,128,391.44 .00 .00 24,125,000.0000 1.000141 -24,128,391.44 UST0025 .00P 12/23/2024 12/23/2024 91282CGF2 300 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 5.243% 1/31/25 .00 .00 .00 .00 .00 .0000 .000000 -164,830.47 UST0025 .00I 12/23/2024 12/20/2024 12/23/2024 91282CHS3 10 PURCHASED PAR VALUE OF U S TREASURY NT 0.00001% 7/31/25 /MORGAN STANLEY & CO. LLC/3,500,000 PAR VALUE AT 100.00881114 % .00 .00 3,500,308.39 .00 .00 3,500,000.0000 1.000088 -3,500,308.39 .00P 12/23/2024 12/23/2024 91282CHS3 300 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 0.00001% 7/31/25 .00 .00 .00 .00 .00 .0000 .000000 -23,526.76 .00I 12/26/2024 3133EPWW1 310 INTEREST EARNED ON F F C B DEB 4.90994% 9/25/25 $1 PV ON 375000.0000 SHARES DUE 12/25/2024 .00 .00 .00 .00 .00 .0000 .000000 4,603.07 FFC5425R .00I 12/26/2024 12/26/2024 12/26/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 4,603.07 .00 .00 4,603.0700 1.000000 -4,603.07 FGZXX .00P 12/27/2024 3130AXD54 310 INTEREST EARNED ON FEDERAL HOME LOAN 0.00001% 6/27/25 $1 PV ON 550000.0000 SHARES DUE 12/27/2024 .00 .00 .00 .00 .00 .0000 .000000 6,733.76 .00I Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 19 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LIQUID OPERATING PORTFOLIO6745046600 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 12/27/2024 12/27/2024 12/27/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 6,733.76 .00 .00 6,733.7600 1.000000 -6,733.76 FGZXX .00P 12/31/2024 3133ERGW5 310 INTEREST EARNED ON F F C B DEB 4.63842% 6/12/25 $1 PV ON 478000.0000 SHARES DUE 12/12/2024 .00 .00 .00 .00 .00 .0000 .000000 5,604.50 FFC5225E .00I 12/31/2024 12/31/2024 12/31/2024 31846V567 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 -1,139,970.39 .00 .00-1,139,970.3900 1.000000 1,139,970.39 FGZXX .00P 12/31/2024 12/31/2024 12/31/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 3,250,000.00 .00 .00 3,250,000.0000 1.000000 -3,250,000.00 FGZXX .00P 12/31/2024 12/31/2024 12/31/2024 459058JJ3 10 PURCHASED PAR VALUE OF INTL BK M T N 5.13099% 9/18/25 /WELLS FARGO SECURITIES, LLC/1,142,000 PAR VALUE AT 100.139 % .00 .00 1,143,587.38 .00 .00 1,142,000.0000 1.001390 -1,143,587.38 IBM5125 .00P 12/31/2024 12/31/2024 459058JJ3 300 PAID ACCRUED INTEREST ON PURCHASE OF INTL BK M T N 5.13099% 9/18/25 .00 .00 .00 .00 .00 .0000 .000000 -1,987.51 IBM5125 .00I 12/31/2024 12/31/2024 12/31/2024 912797MR5 20 MATURED PAR VALUE OF U S TREASURY BILL 12/31/24 3,250,000 PAR VALUE AT 100 % .00 .00 -3,230,361.81 .00 .00-3,250,000.0000 1.000000 3,230,361.81 .00P 12/31/2024 912797MR5 310 INTEREST EARNED ON U S TREASURY BILL 12/31/24 $1 PV ON 3250000.0000 SHARES DUE 12/31/2024 3,250,000 PAR VALUE AT 100 % .00 .00 .00 .00 .00 .0000 .000000 19,638.19 .00I Account Ending Cash Principal Cash: -20,461,699.19 Income Cash: 20,461,699.19 Total Cash: 0.00 Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 20 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LONG-TERM PORTFOLIO6745046601 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date Account Beginning Cash Total Cash: 0.00Income Cash: 84,859,521.40Principal Cash: -84,859,521.40 09/03/2024 210 CASH DISBURSEMENT PAID TO ORANGE COUNTY SANITATION DISTRICT OUTGOING DOMESTIC WIRE LONG-TERM PORTFOLIO WITHDRAWAL .00 .00 .00 .00 .00 .0000 .000000 -14,000,000.00 .00P 09/03/2024 09/03/2024 09/03/2024 313384E54 20 MATURED PAR VALUE OF F H L B DISC NTS 9/03/24 135,000 PAR VALUE AT 100 % .00 .00 -134,347.84 .00 .00-135,000.0000 1.000000 134,347.84 .00P 09/03/2024 313384E54 310 INTEREST EARNED ON F H L B DISC NTS 9/03/24 $1 PV ON 135000.0000 SHARES DUE 9/3/2024 135,000 PAR VALUE AT 100 % .00 .00 .00 .00 .00 .0000 .000000 652.16 .00I 09/03/2024 09/03/2024 09/03/2024 313588E50 20 MATURED PAR VALUE OF F N M A DISC NT 9/03/24 1,750,000 PAR VALUE AT 100 % .00 .00 -1,748,733.68 .00 .00-1,750,000.0000 1.000000 1,748,733.68 .00P 09/03/2024 313588E50 310 INTEREST EARNED ON F N M A DISC NT 9/03/24 $1 PV ON 1750000.0000 SHARES DUE 9/3/2024 1,750,000 PAR VALUE AT 100 % .00 .00 .00 .00 .00 .0000 .000000 1,266.32 .00I 09/03/2024 09/03/2024 09/03/2024 31846V567 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 -14,000,000.00 .00 .00-14,000,000.0000 1.000000 14,000,000.00 FGZXX .00P 09/03/2024 09/03/2024 09/03/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 13,993,481.25 .00 .00 13,993,481.2500 1.000000 -13,993,481.25 FGZXX .00P 09/03/2024 31846V567 310 INTEREST EARNED ON FIRST AM GOVT OB FD CL Z UNIT ON 0.0000 SHARES DUE 8/31/2024 INTEREST FROM 8/1/24 TO 8/31/24 .00 .00 .00 .00 .00 .0000 .000000 2,321.73 FGZXX .00I 09/03/2024 09/03/2024 09/03/2024 6698M4J37 20 MATURED PAR VALUE OF NOVARTIS FIN CORP DISC C P 9/03/24 1,000,000 PAR VALUE AT 100 % .00 .00 -996,319.44 .00 .00-1,000,000.0000 1.000000 996,319.44 .00P 09/03/2024 6698M4J37 310 INTEREST EARNED ON NOVARTIS FIN CORP DISC C P 9/03/24 $1 PV ON 1000000.0000 SHARES DUE 9/3/2024 1,000,000 PAR VALUE AT 100 % .00 .00 .00 .00 .00 .0000 .000000 3,680.56 .00I 09/03/2024 808513BY0 310 INTEREST EARNED ON CHARLES SCHWAB CORP 2.450% 3/03/27 $1 PV ON 2325000.0000 SHARES DUE 9/3/2024 .00 .00 .00 .00 .00 .0000 .000000 28,481.25 .00I 09/03/2024 09/03/2024 09/03/2024 912797LA3 20 MATURED PAR VALUE OF U S TREASURY BILL 9/03/24 1,500,000 PAR VALUE AT 100 % .00 .00 -1,498,696.13 .00 .00-1,500,000.0000 1.000000 1,498,696.13 .00P 09/03/2024 912797LA3 310 INTEREST EARNED ON U S TREASURY BILL 9/03/24 $1 PV ON 1500000.0000 SHARES DUE 9/3/2024 1,500,000 PAR VALUE AT 100 % .00 .00 .00 .00 .00 .0000 .000000 1,303.87 .00I 09/03/2024 09/03/2024 09/03/2024 912797LA3 20 MATURED PAR VALUE OF U S TREASURY BILL 9/03/24 9,550,000 PAR VALUE AT 100 % .00 .00 -9,517,554.77 .00 .00-9,550,000.0000 1.000000 9,517,554.77 .00P 09/03/2024 912797LA3 310 INTEREST EARNED ON U S TREASURY BILL 9/03/24 $1 PV ON 9550000.0000 SHARES DUE 9/3/2024 9,550,000 PAR VALUE AT 100 % .00 .00 .00 .00 .00 .0000 .000000 32,445.23 .00I Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 21 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LONG-TERM PORTFOLIO6745046601 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 09/03/2024 91282CCW9 310 INTEREST EARNED ON U S TREASURY NT 0.750% 8/31/26 $1 PV ON 8000000.0000 SHARES DUE 8/31/2024 .00 .00 .00 .00 .00 .0000 .000000 30,000.00 UST0726A .00I 09/04/2024 09/04/2024 09/04/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 2,321.73 .00 .00 2,321.7300 1.000000 -2,321.73 FGZXX .00P 09/05/2024 09/04/2024 09/05/2024 02665WEA5 20 SOLD PAR VALUE OF AMERICAN HONDA MTN 1.500% 1/13/25 /STONEX FINANCIAL INC./6,000,000 PAR VALUE AT 98.701 % .00 .00 -5,979,632.85 .00 -57,572.85-6,000,000.0000 .987010 5,922,060.00 .00P 09/05/2024 09/05/2024 02665WEA5 301 RECEIVED ACCRUED INTEREST ON SALE OF AMERICAN HONDA MTN 1.500% 1/13/25 .00 .00 .00 .00 .00 .0000 .000000 13,000.00 .00I 09/05/2024 09/04/2024 09/05/2024 037833AZ3 20 SOLD PAR VALUE OF APPLE INC 2.500% 2/09/25 /PERSHING LLC/2,000,000 PAR VALUE AT 98.944 % .00 .00 -2,118,560.00 .00 -139,680.00-2,000,000.0000 .989440 1,978,880.00 .00P 09/05/2024 09/05/2024 037833AZ3 301 RECEIVED ACCRUED INTEREST ON SALE OF APPLE INC 2.500% 2/09/25 .00 .00 .00 .00 .00 .0000 .000000 3,611.11 .00I 09/05/2024 06051GHG7 310 INTEREST EARNED ON BANK OF AMERICA MTN 3.970% 3/05/29 $1 PV ON 4500000.0000 SHARES DUE 9/5/2024 .00 .00 .00 .00 .00 .0000 .000000 89,325.00 .00I 09/05/2024 09/04/2024 09/05/2024 06367WB85 20 SOLD PAR VALUE OF BANK OF MONTREAL MTN 1.850% 5/01/25 /PERSHING LLC/3,000,000 PAR VALUE AT 98.042 % .00 .00 -3,097,260.00 .00 -156,000.00-3,000,000.0000 .980420 2,941,260.00 .00P 09/05/2024 09/05/2024 06367WB85 301 RECEIVED ACCRUED INTEREST ON SALE OF BANK OF MONTREAL MTN 1.850% 5/01/25 .00 .00 .00 .00 .00 .0000 .000000 19,116.67 .00I 09/05/2024 09/04/2024 09/05/2024 06368LWU6 20 SOLD PAR VALUE OF BANK MONTREAL MTN CV 5.717% 9/25/28 /WELLS FARGO SECURITIES, LLC/XXXX 1,500,000 PAR VALUE AT 104.879 % .00 .00 -1,480,320.00 92,865.00 .00-1,500,000.0000 1.048790 1,573,185.00 .00P 09/05/2024 09/05/2024 06368LWU6 301 RECEIVED ACCRUED INTEREST ON SALE OF BANK MONTREAL MTN CV 5.717% 9/25/28 .00 .00 .00 .00 .00 .0000 .000000 38,113.33 .00I 09/05/2024 09/05/2024 09/05/2024 3130AQD59 10 PURCHASED PAR VALUE OF F H L B DEB 1.000% 9/30/24 /WELLS FARGO SECURITIES, LLC/500,000 PAR VALUE AT 99.7052 % .00 .00 498,526.00 .00 .00 500,000.0000 .997052 -498,526.00 .00P 09/05/2024 09/05/2024 3130AQD59 300 PAID ACCRUED INTEREST ON PURCHASE OF F H L B DEB 1.000% 9/30/24 .00 .00 .00 .00 .00 .0000 .000000 -902.78 .00I 09/05/2024 09/05/2024 09/05/2024 313384H36 10 PURCHASED PAR VALUE OF F H L B DISC NTS 9/25/24 /NMRIUS33 NOMURA SECS INTL NY/1,200,000 PAR VALUE AT 99.71111083 % .00 .00 1,196,533.33 .00 .00 1,200,000.0000 .997111 -1,196,533.33 .00P 09/05/2024 09/05/2024 09/05/2024 313396G64 10 PURCHASED PAR VALUE OF F H L M C DISC NT 9/20/24 /BARCLAYS CAPITAL INC. FIXED IN/XOTC 10,000,000 PAR VALUE AT 99.7825 % .00 .00 9,978,250.00 .00 .00 10,000,000.0000 .997825 -9,978,250.00 .00P 09/05/2024 09/04/2024 09/05/2024 313396H89 10 PURCHASED PAR VALUE OF F H L M C DISC NT 9/30/24 /NMRIUS33 NOMURA SECS INTL NY/XOTC 2,500,000 PAR VALUE AT 99.6416668 % .00 .00 2,491,041.67 .00 .00 2,500,000.0000 .996417 -2,491,041.67 .00P Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 22 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LONG-TERM PORTFOLIO6745046601 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 09/05/2024 09/05/2024 09/05/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 25,879,348.85 .00 .00 25,879,348.8500 1.000000 -25,879,348.85 FGZXX .00P 09/05/2024 09/05/2024 09/05/2024 31846V567 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 -25,791,921.55 .00 .00-25,791,921.5500 1.000000 25,791,921.55 FGZXX .00P 09/05/2024 09/05/2024 09/05/2024 459052H58 10 PURCHASED PAR VALUE OF INTL BK DISC NTS 9/27/24 /BARCLAYS CAPITAL INC. FIXED IN/XOTC 4,150,000 PAR VALUE AT 99.68222217 % .00 .00 4,136,812.22 .00 .00 4,150,000.0000 .996822 -4,136,812.22 .00P 09/05/2024 09/05/2024 09/05/2024 6698M4JJ2 10 PURCHASED PAR VALUE OF NOVARTIS FIN CORP DISC C P 9/23/24 /BARCLAYS CAPITAL INC. FIXED IN/10,000,000 PAR VALUE AT 99.8089722 % .00 .00 9,980,897.22 .00 .00 10,000,000.0000 .998090 -9,980,897.22 .00P 09/05/2024 09/04/2024 09/05/2024 78016HZS2 20 SOLD PAR VALUE OF ROYAL BK CDA MTN 5.200% 8/01/28 /RBC CAPITAL MARKETS, LLC/6,500,000 PAR VALUE AT 103.654 % .00 .00 -6,406,660.00 330,850.00 .00-6,500,000.0000 1.036540 6,737,510.00 .00P 09/05/2024 09/05/2024 78016HZS2 301 RECEIVED ACCRUED INTEREST ON SALE OF ROYAL BK CDA MTN 5.200% 8/01/28 .00 .00 .00 .00 .00 .0000 .000000 31,922.22 .00I 09/05/2024 09/04/2024 09/05/2024 808513BY0 20 SOLD PAR VALUE OF CHARLES SCHWAB CORP 2.450% 3/03/27 /DEUTSCHE BANK SECURITIES, INC./2,325,000 PAR VALUE AT 95.558 % .00 .00 -2,322,489.00 .00 -100,765.50-2,325,000.0000 .955580 2,221,723.50 .00P 09/05/2024 09/05/2024 808513BY0 301 RECEIVED ACCRUED INTEREST ON SALE OF CHARLES SCHWAB CORP 2.450% 3/03/27 .00 .00 .00 .00 .00 .0000 .000000 316.46 .00I 09/05/2024 09/04/2024 09/05/2024 89114TZN5 20 SOLD PAR VALUE OF TORONTO DOMINION MTN 1.950% 1/12/27 /CITIGROUP GLOBAL MARKETS INC./2,000,000 PAR VALUE AT 95.201 % .00 .00 -1,984,582.40 .00 -80,562.40-2,000,000.0000 .952010 1,904,020.00 TDM1927 .00P 09/05/2024 09/05/2024 89114TZN5 301 RECEIVED ACCRUED INTEREST ON SALE OF TORONTO DOMINION MTN 1.950% 1/12/27 .00 .00 .00 .00 .00 .0000 .000000 5,741.67 TDM1927 .00I 09/05/2024 09/04/2024 09/05/2024 89114TZT2 20 SOLD PAR VALUE OF TORONTO DOMINION MTN 2.800% 3/10/27 /TD SECURITIES (USA) LLC/5,000,000 PAR VALUE AT 96.451 % .00 .00 -4,960,350.00 .00 -137,800.00-5,000,000.0000 .964510 4,822,550.00 .00P 09/05/2024 09/05/2024 89114TZT2 301 RECEIVED ACCRUED INTEREST ON SALE OF TORONTO DOMINION MTN 2.800% 3/10/27 .00 .00 .00 .00 .00 .0000 .000000 68,055.56 .00I 09/09/2024 09/09/2024 09/09/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 98,651.25 .00 .00 98,651.2500 1.000000 -98,651.25 FGZXX .00P 09/09/2024 931142EX7 310 INTEREST EARNED ON WALMART INC 3.950% 9/09/27 $1 PV ON 4995000.0000 SHARES DUE 9/9/2024 .00 .00 .00 .00 .00 .0000 .000000 98,651.25 .00I 09/10/2024 3130ATS57 310 INTEREST EARNED ON F H L B DEB 4.500% 3/10/28 $1 PV ON 7500000.0000 SHARES DUE 9/10/2024 .00 .00 .00 .00 .00 .0000 .000000 168,750.00 .00I 09/10/2024 09/10/2024 09/10/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 168,750.00 .00 .00 168,750.0000 1.000000 -168,750.00 FGZXX .00P Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 23 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LONG-TERM PORTFOLIO6745046601 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 09/12/2024 09/12/2024 09/12/2024 31846V567 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 -374,404.17 .00 .00-374,404.1700 1.000000 374,404.17 FGZXX .00P 09/12/2024 09/12/2024 09/12/2024 6698M4JP8 10 PURCHASED PAR VALUE OF NOVARTIS FIN CORP DISC C P 10/01/24 /J.P. MORGAN SECURITIES LLC/375,000 PAR VALUE AT 99.841112 % .00 .00 374,404.17 .00 .00 375,000.0000 .998411 -374,404.17 .00P 09/13/2024 09/13/2024 09/13/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 35,087.50 .00 .00 35,087.5000 1.000000 -35,087.50 FGZXX .00P 09/13/2024 46647PBH8 310 INTEREST EARNED ON JPMORGAN CHASE CO 2.005% 3/13/26 $1 PV ON 3500000.0000 SHARES DUE 9/13/2024 .00 .00 .00 .00 .00 .0000 .000000 35,087.50 .00I 09/16/2024 00440EAS6 310 INTEREST EARNED ON ACE INA HOLDING 3.150% 3/15/25 $1 PV ON 2000000.0000 SHARES DUE 9/15/2024 .00 .00 .00 .00 .00 .0000 .000000 31,500.00 .00I 09/16/2024 02582JJV3 310 INTEREST EARNED ON AMERICAN EXPRESS 3.750% 8/16/27 $1 PV ON 6250.0000 SHARES DUE 9/15/2024 $0.00313/PV ON 2,000,000.00 PV DUE 9/15/24 .00 .00 .00 .00 .00 .0000 .000000 6,250.00 .00I 09/16/2024 06368FAC3 310 INTEREST EARNED ON BANK OF MONTREAL MTN 1.250% 9/15/26 $1 PV ON 3000000.0000 SHARES DUE 9/15/2024 .00 .00 .00 .00 .00 .0000 .000000 18,750.00 .00I 09/16/2024 084664CZ2 310 INTEREST EARNED ON BERKSHIRE HATHAWAY 2.300% 3/15/27 $1 PV ON 6875000.0000 SHARES DUE 9/15/2024 .00 .00 .00 .00 .00 .0000 .000000 79,062.50 .00I 09/16/2024 161571HV9 310 INTEREST EARNED ON CHASE ISSUE TR 4.600% 1/16/29 $1 PV ON 30820.0000 SHARES DUE 9/15/2024 $0.00383/PV ON 8,040,000.00 PV DUE 9/15/24 .00 .00 .00 .00 .00 .0000 .000000 30,820.00 .00I 09/16/2024 24422EWK1 310 INTEREST EARNED ON DEERE JOHN MTN 4.150% 9/15/27 $1 PV ON 2000000.0000 SHARES DUE 9/15/2024 .00 .00 .00 .00 .00 .0000 .000000 41,500.00 .00I 09/16/2024 3130A4CH3 310 INTEREST EARNED ON F H L B DEB 2.375% 3/14/25 $1 PV ON 5225000.0000 SHARES DUE 9/14/2024 .00 .00 .00 .00 .00 .0000 .000000 62,046.88 .00I 09/16/2024 3133TCE95 310 INTEREST EARNED ON F H L M C MLTCL MTG 4.727% 8/15/32 $1 PV ON 7.4500 SHARES DUE 9/15/2024 $0.00394/PV ON 1,892.35 PV DUE 9/15/24 .00 .00 .00 .00 .00 .0000 .000000 7.45 FHL3032 .00I 09/16/2024 09/15/2024 09/16/2024 3133TCE95 20 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 4.727% 8/15/32 .00 .00 -44.15 .00 -.05-44.1000 .000000 44.10 FHL3032 .00P 09/16/2024 09/15/2024 09/16/2024 31348SWZ3 20 PAID DOWN PAR VALUE OF F H L M C #786064 6.262% 1/01/28 AUGUST FHLMC DUE 9/15/24 .00 .00 -6.35 .00 .16-6.5100 .000000 6.51 786064F .00P 09/16/2024 31348SWZ3 310 INTEREST EARNED ON F H L M C #786064 6.262% 1/01/28 $1 PV ON 1.5700 SHARES DUE 9/15/2024 JULY FHLMC DUE 9/15/24 .00 .00 .00 .00 .00 .0000 .000000 1.57 786064F .00I Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 24 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LONG-TERM PORTFOLIO6745046601 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 09/16/2024 09/16/2024 09/16/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 945,943.31 .00 .00 945,943.3100 1.000000 -945,943.31 FGZXX .00P 09/16/2024 09/16/2024 09/16/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 809,611.22 .00 .00 809,611.2200 1.000000 -809,611.22 FGZXX .00P 09/16/2024 362554AC1 310 INTEREST EARNED ON GM FIN CONS AUTO 0.680% 9/16/26 $1 PV ON 353.1700 SHARES DUE 9/16/2024 $0.00057/PV ON 623,225.10 PV DUE 9/16/24 .00 .00 .00 .00 .00 .0000 .000000 353.17 GFC0626 .00I 09/16/2024 09/16/2024 09/16/2024 362554AC1 20 PAID DOWN PAR VALUE OF GM FIN CONS AUTO 0.680% 9/16/26 .00 .00 -67,309.07 .00 1.72-67,310.7900 .000000 67,310.79 GFC0626 .00P 09/16/2024 362585AC5 310 INTEREST EARNED ON GM FIN CONS AUT 3.100% 2/16/27 $1 PV ON 3909.3300 SHARES DUE 9/16/2024 $0.00258/PV ON 1,513,287.84 PV DUE 9/16/24 .00 .00 .00 .00 .00 .0000 .000000 3,909.33 GFC3427 .00I 09/16/2024 09/16/2024 09/16/2024 362585AC5 20 PAID DOWN PAR VALUE OF GM FIN CONS AUT 3.100% 2/16/27 .00 .00 -111,406.65 .00 23.29-111,429.9400 .000000 111,429.94 GFC3427 .00P 09/16/2024 380146AC4 310 INTEREST EARNED ON GM FIN CONS AUTO 1.260% 11/16/26 $1 PV ON 740.7800 SHARES DUE 9/16/2024 $0.00105/PV ON 705,508.89 PV DUE 9/16/24 .00 .00 .00 .00 .00 .0000 .000000 740.78 GFC1226 .00I 09/16/2024 09/16/2024 09/16/2024 380146AC4 20 PAID DOWN PAR VALUE OF GM FIN CONS AUTO 1.260% 11/16/26 .00 .00 -70,360.72 .00 6.11-70,366.8300 .000000 70,366.83 GFC1226 .00P 09/16/2024 43815BAC4 310 INTEREST EARNED ON HONDA AUTO REC OWN 1.880% 5/15/26 $1 PV ON 3151.1300 SHARES DUE 9/15/2024 $0.00157/PV ON 2,011,356.32 PV DUE 9/15/24 .00 .00 .00 .00 .00 .0000 .000000 3,151.13 HAR1826 .00I 09/16/2024 09/15/2024 09/16/2024 43815BAC4 20 PAID DOWN PAR VALUE OF HONDA AUTO REC OWN 1.880% 5/15/26 .00 .00 -205,637.17 .00 30.93-205,668.1000 .000000 205,668.10 HAR1826 .00P 09/16/2024 448977AD0 310 INTEREST EARNED ON HYUNDAI AUTO REC 2.220% 10/15/26 $1 PV ON 4166.4400 SHARES DUE 9/15/2024 $0.00185/PV ON 2,252,131.67 PV DUE 9/15/24 .00 .00 .00 .00 .00 .0000 .000000 4,166.44 HAR2226 .00I 09/16/2024 09/15/2024 09/16/2024 448977AD0 20 PAID DOWN PAR VALUE OF HYUNDAI AUTO REC 2.220% 10/15/26 .00 .00 -223,858.41 .00 8.62-223,867.0300 .000000 223,867.03 HAR2226 .00P 09/16/2024 44935FAD6 310 INTEREST EARNED ON HYUNDAI AUTO REC TR 0.740% 5/15/26 $1 PV ON 279.3500 SHARES DUE 9/15/2024 $0.00062/PV ON 452,999.50 PV DUE 9/15/24 .00 .00 .00 .00 .00 .0000 .000000 279.35 HAR0726 .00I 09/16/2024 09/15/2024 09/16/2024 44935FAD6 20 PAID DOWN PAR VALUE OF HYUNDAI AUTO REC TR 0.740% 5/15/26 .00 .00 -76,717.93 .00 17.13-76,735.0600 .000000 76,735.06 HAR0726 .00P Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 25 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LONG-TERM PORTFOLIO6745046601 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 09/16/2024 47787JAC2 310 INTEREST EARNED ON JOHN DEERE OWNER 2.320% 9/15/26 $1 PV ON 2702.4700 SHARES DUE 9/15/2024 $0.00193/PV ON 1,397,829.84 PV DUE 9/15/24 .00 .00 .00 .00 .00 .0000 .000000 2,702.47 JDO2326 .00I 09/16/2024 09/15/2024 09/16/2024 47787JAC2 20 PAID DOWN PAR VALUE OF JOHN DEERE OWNER 2.320% 9/15/26 .00 .00 -114,632.31 .00 25.36-114,657.6700 .000000 114,657.67 JDO2326 .00P 09/16/2024 47789QAC4 310 INTEREST EARNED ON JOHN DEERE OWN 0.520% 3/16/26 $1 PV ON 290.0100 SHARES DUE 9/15/2024 $0.00043/PV ON 669,253.67 PV DUE 9/15/24 .00 .00 .00 .00 .00 .0000 .000000 290.01 JDO0926 .00I 09/16/2024 09/15/2024 09/16/2024 47789QAC4 20 PAID DOWN PAR VALUE OF JOHN DEERE OWN 0.520% 3/16/26 .00 .00 -71,103.43 .00 6.34-71,109.7700 .000000 71,109.77 JDO0926 .00P 09/16/2024 47800AAC4 310 INTEREST EARNED ON JOHN DEERE OWNR TR 3.740% 2/16/27 $1 PV ON 7736.0800 SHARES DUE 9/15/2024 $0.00312/PV ON 2,482,163.76 PV DUE 9/15/24 .00 .00 .00 .00 .00 .0000 .000000 7,736.08 JDO6827 .00I 09/16/2024 09/15/2024 09/16/2024 47800AAC4 20 PAID DOWN PAR VALUE OF JOHN DEERE OWNR TR 3.740% 2/16/27 .00 .00 -133,053.74 .00 12.71-133,066.4500 .000000 133,066.45 JDO6827 .00P 09/16/2024 47800BAC2 310 INTEREST EARNED ON JOHN DEERE OWNER 5.090% 6/15/27 $1 PV ON 16313.0300 SHARES DUE 9/15/2024 $0.00424/PV ON 3,845,901.39 PV DUE 9/15/24 .00 .00 .00 .00 .00 .0000 .000000 16,313.03 JDO5027 .00I 09/16/2024 09/15/2024 09/16/2024 47800BAC2 20 PAID DOWN PAR VALUE OF JOHN DEERE OWNER 5.090% 6/15/27 .00 .00 -216,442.16 .00 16.80-216,458.9600 .000000 216,458.96 JDO5027 .00P 09/16/2024 58989V2D5 310 INTEREST EARNED ON MET TOWER MTN 1.250% 9/14/26 $1 PV ON 3745000.0000 SHARES DUE 9/14/2024 .00 .00 .00 .00 .00 .0000 .000000 23,406.25 .00I 09/16/2024 880591EZ1 310 INTEREST EARNED ON T V A 3.875% 3/15/28 $1 PV ON 6805000.0000 SHARES DUE 9/15/2024 .00 .00 .00 .00 .00 .0000 .000000 131,846.88 .00I 09/17/2024 02582JJT8 310 INTEREST EARNED ON AMERICAN EXPRESS 3.390% 5/17/27 $1 PV ON 6620000.0000 SHARES DUE 9/15/2024 .00 .00 .00 .00 .00 .0000 .000000 18,701.50 .00I 09/17/2024 09/17/2024 09/17/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 18,701.50 .00 .00 18,701.5000 1.000000 -18,701.50 FGZXX .00P 09/17/2024 09/17/2024 09/17/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 9,056.25 .00 .00 9,056.2500 1.000000 -9,056.25 FGZXX .00P 09/17/2024 931142ER0 310 INTEREST EARNED ON WALMART INC 1.050% 9/17/26 $1 PV ON 1725000.0000 SHARES DUE 9/17/2024 .00 .00 .00 .00 .00 .0000 .000000 9,056.25 .00I 09/18/2024 09/18/2024 09/18/2024 14912DJK6 10 PURCHASED PAR VALUE OF CATERPILLAR FINL SVCS C P 9/19/24 /J.P. MORGAN SECURITIES LLC/XOTC 11,950,000 PAR VALUE AT 99.98536109 % .00 .00 11,948,250.65 .00 .00 11,950,000.0000 .999854 -11,948,250.65 .00P Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 26 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LONG-TERM PORTFOLIO6745046601 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 09/18/2024 09/18/2024 09/18/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 10,128,906.25 .00 .00 10,128,906.2500 1.000000 -10,128,906.25 FGZXX .00P 09/18/2024 09/18/2024 09/18/2024 31846V567 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 -11,948,250.65 .00 .00-11,948,250.6500 1.000000 11,948,250.65 FGZXX .00P 09/18/2024 4581X0DC9 310 INTEREST EARNED ON INTER AMER DEV BK 3.125% 9/18/28 $1 PV ON 8250000.0000 SHARES DUE 9/18/2024 .00 .00 .00 .00 .00 .0000 .000000 128,906.25 .00I 09/18/2024 09/18/2024 09/18/2024 6698M4JJ2 20 MATURED PAR VALUE OF NOVARTIS FIN CORP DISC C P 9/18/24 10,000,000 PAR VALUE AT 100 % .00 .00 -9,980,897.22 .00 .00-10,000,000.0000 1.000000 9,980,897.22 .00P 09/18/2024 6698M4JJ2 310 INTEREST EARNED ON NOVARTIS FIN CORP DISC C P 9/18/24 $1 PV ON 10000000.0000 SHARES DUE 9/18/2024 10,000,000 PAR VALUE AT 100 % .00 .00 .00 .00 .00 .0000 .000000 19,102.78 .00I 09/19/2024 09/19/2024 09/19/2024 14912DJK6 20 MATURED PAR VALUE OF CATERPILLAR FINL SVCS C P 9/19/24 11,950,000 PAR VALUE AT 100 % .00 .00 -11,948,250.65 .00 .00-11,950,000.0000 1.000000 11,948,250.65 .00P 09/19/2024 14912DJK6 310 INTEREST EARNED ON CATERPILLAR FINL SVCS C P 9/19/24 $1 PV ON 11950000.0000 SHARES DUE 9/19/2024 11,950,000 PAR VALUE AT 100 % .00 .00 .00 .00 .00 .0000 .000000 1,749.35 .00I 09/19/2024 09/19/2024 09/19/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 11,950,000.00 .00 .00 11,950,000.0000 1.000000 -11,950,000.00 FGZXX .00P 09/20/2024 09/19/2024 09/20/2024 14912DJW0 10 PURCHASED PAR VALUE OF CATERPILLAR FINL SVCS C P 9/30/24 /WELLS FARGO SECURITIES, LLC/18,100,000 PAR VALUE AT 99.8663889 % .00 .00 18,075,816.39 .00 .00 18,100,000.0000 .998664 -18,075,816.39 .00P 09/20/2024 09/20/2024 09/20/2024 313396G64 20 MATURED PAR VALUE OF F H L M C DISC NT 9/20/24 10,000,000 PAR VALUE AT 100 % .00 .00 -9,978,250.00 .00 .00-10,000,000.0000 1.000000 9,978,250.00 .00P 09/20/2024 313396G64 310 INTEREST EARNED ON F H L M C DISC NT 9/20/24 $1 PV ON 10000000.0000 SHARES DUE 9/20/2024 10,000,000 PAR VALUE AT 100 % .00 .00 .00 .00 .00 .0000 .000000 21,750.00 .00I 09/20/2024 09/20/2024 09/20/2024 31846V567 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 -11,944,567.86 .00 .00-11,944,567.8600 1.000000 11,944,567.86 FGZXX .00P 09/20/2024 09/20/2024 09/20/2024 36225CAZ9 20 PAID DOWN PAR VALUE OF G N M A I I #080023 3.750% 12/20/26 AUGUST GNMA DUE 9/20/24 .00 .00 -218.91 .00 -3.56-215.3500 .000000 215.35 080023M .00P 09/20/2024 36225CAZ9 310 INTEREST EARNED ON G N M A I I #080023 3.750% 12/20/26 $1 PV ON 8.1300 SHARES DUE 9/20/2024 AUGUST GNMA DUE 9/20/24 .00 .00 .00 .00 .00 .0000 .000000 8.13 080023M .00I 09/20/2024 09/20/2024 09/20/2024 36225CC20 20 PAID DOWN PAR VALUE OF G N M A I I #080088 5.000% 6/20/27 AUGUST GNMA DUE 9/20/24 .00 .00 -91.75 .00 -1.96-89.7900 .000000 89.79 080088M .00P 09/20/2024 36225CC20 310 INTEREST EARNED ON G N M A I I #080088 5.000% 6/20/27 $1 PV ON 12.3000 SHARES DUE 9/20/2024 AUGUST GNMA DUE 9/20/24 .00 .00 .00 .00 .00 .0000 .000000 12.30 080088M .00I Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 27 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LONG-TERM PORTFOLIO6745046601 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 09/20/2024 09/20/2024 09/20/2024 36225CN28 20 PAID DOWN PAR VALUE OF G N M A I I #080408 4.875% 5/20/30 AUGUST GNMA DUE 9/20/24 .00 .00 -223.53 .00 2.29-225.8200 .000000 225.82 080408M .00P 09/20/2024 36225CN28 310 INTEREST EARNED ON G N M A I I #080408 4.875% 5/20/30 $1 PV ON 69.9800 SHARES DUE 9/20/2024 AUGUST GNMA DUE 9/20/24 .00 .00 .00 .00 .00 .0000 .000000 69.98 080408M .00I 09/20/2024 09/20/2024 09/20/2024 36225CNM4 20 PAID DOWN PAR VALUE OF G N M A I I #080395 4.875% 4/20/30 AUGUST GNMA DUE 9/20/24 .00 .00 -28.77 .00 .26-29.0300 .000000 29.03 080395M .00P 09/20/2024 36225CNM4 310 INTEREST EARNED ON G N M A I I #080395 4.875% 4/20/30 $1 PV ON 7.4800 SHARES DUE 9/20/2024 AUGUST GNMA DUE 9/20/24 .00 .00 .00 .00 .00 .0000 .000000 7.48 080395M .00I 09/20/2024 09/20/2024 09/20/2024 36225DCB8 20 PAID DOWN PAR VALUE OF G N M A I I #080965 3.625% 7/20/34 AUGUST GNMA DUE 9/20/24 .00 .00 -409.95 .00 .26-410.2100 .000000 410.21 080965M .00P 09/20/2024 36225DCB8 310 INTEREST EARNED ON G N M A I I #080965 3.625% 7/20/34 $1 PV ON 46.0700 SHARES DUE 9/20/2024 AUGUST GNMA DUE 9/20/24 .00 .00 .00 .00 .00 .0000 .000000 46.07 080965M .00I 09/20/2024 09/19/2024 09/20/2024 93114EJW8 10 PURCHASED PAR VALUE OF WALMART INC DISC COML C P 9/30/24 /BARCLAYS CAPITAL INC. FIXED IN/3,875,000 PAR VALUE AT 99.86750013 % .00 .00 3,869,865.63 .00 .00 3,875,000.0000 .998675 -3,869,865.63 .00P 09/23/2024 3137EAEX3 310 INTEREST EARNED ON F H L M C M T N 0.375% 9/23/25 $1 PV ON 7660000.0000 SHARES DUE 9/23/2024 .00 .00 .00 .00 .00 .0000 .000000 14,362.50 .00I 09/23/2024 09/23/2024 09/23/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 96,449.51 .00 .00 96,449.5100 1.000000 -96,449.51 FGZXX .00P 09/23/2024 09/23/2024 09/23/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 419,862.50 .00 .00 419,862.5000 1.000000 -419,862.50 FGZXX .00P 09/23/2024 43815GAC3 310 INTEREST EARNED ON HONDA AUTO REC 0.880% 1/21/26 $1 PV ON 526.4000 SHARES DUE 9/21/2024 $0.00073/PV ON 717,814.21 PV DUE 9/21/24 .00 .00 .00 .00 .00 .0000 .000000 526.40 HAR0826 .00I 09/23/2024 09/21/2024 09/23/2024 43815GAC3 20 PAID DOWN PAR VALUE OF HONDA AUTO REC 0.880% 1/21/26 .00 .00 -95,902.89 .00 20.22-95,923.1100 .000000 95,923.11 HAR0826 .00P 09/23/2024 09/23/2024 09/23/2024 6698M4JP8 20 MATURED PAR VALUE OF NOVARTIS FIN CORP DISC C P 9/23/24 375,000 PAR VALUE AT 100 % .00 .00 -374,404.17 .00 .00-375,000.0000 1.000000 374,404.17 .00P 09/23/2024 6698M4JP8 310 INTEREST EARNED ON NOVARTIS FIN CORP DISC C P 9/23/24 $1 PV ON 375000.0000 SHARES DUE 9/23/2024 375,000 PAR VALUE AT 100 % .00 .00 .00 .00 .00 .0000 .000000 595.83 .00I 09/23/2024 89236TJZ9 310 INTEREST EARNED ON TOYOTA MOTOR MTN 3.050% 3/22/27 $1 PV ON 2000000.0000 SHARES DUE 9/22/2024 .00 .00 .00 .00 .00 .0000 .000000 30,500.00 .00I Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 28 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LONG-TERM PORTFOLIO6745046601 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 09/25/2024 05592XAD2 310 INTEREST EARNED ON BMW VEH OWNER TR 5.470% 2/25/28 $1 PV ON 6450.0400 SHARES DUE 9/25/2024 $0.00456/PV ON 1,415,000.00 PV DUE 9/25/24 .00 .00 .00 .00 .00 .0000 .000000 6,450.04 BVO5428 .00I 09/25/2024 09/25/2024 09/25/2024 313384H36 20 MATURED PAR VALUE OF F H L B DISC NTS 9/25/24 1,200,000 PAR VALUE AT 100 % .00 .00 -1,196,533.33 .00 .00-1,200,000.0000 1.000000 1,196,533.33 .00P 09/25/2024 313384H36 310 INTEREST EARNED ON F H L B DISC NTS 9/25/24 $1 PV ON 1200000.0000 SHARES DUE 9/25/2024 1,200,000 PAR VALUE AT 100 % .00 .00 .00 .00 .00 .0000 .000000 3,466.67 .00I 09/25/2024 3136AJZP4 310 INTEREST EARNED ON F N M A GTD REMIC 1.500% 4/25/29 $1 PV ON 1324.2800 SHARES DUE 9/25/2024 $0.00125/PV ON 1,059,424.56 PV DUE 9/25/24 .00 .00 .00 .00 .00 .0000 .000000 1,324.28 .00I 09/25/2024 09/25/2024 09/25/2024 3136AJZP4 20 PAID DOWN PAR VALUE OF F N M A GTD REMIC 1.500% 4/25/29 .00 .00 -23,761.30 2,248.82 .00-26,010.1200 .000000 26,010.12 .00P 09/25/2024 09/25/2024 09/25/2024 31371NUC7 20 PAID DOWN PAR VALUE OF F N M A #257179 4.500% 4/01/28 AUGUST FNMA DUE 9/25/24 .00 .00 -104.14 .00 -5.67-98.4700 .000000 98.47 257179A .00P 09/25/2024 31371NUC7 310 INTEREST EARNED ON F N M A #257179 4.500% 4/01/28 $1 PV ON 11.6000 SHARES DUE 9/25/2024 AUGUST FNMA DUE 9/25/24 .00 .00 .00 .00 .00 .0000 .000000 11.60 257179A .00I 09/25/2024 09/25/2024 09/25/2024 31376KT22 20 PAID DOWN PAR VALUE OF F N M A #357969 5.000% 9/01/35 AUGUST FNMA DUE 9/25/24 .00 .00 -258.32 .00 -18.02-240.3000 .000000 240.30 357969A .00P 09/25/2024 31376KT22 310 INTEREST EARNED ON F N M A #357969 5.000% 9/01/35 $1 PV ON 135.8500 SHARES DUE 9/25/2024 AUGUST FNMA DUE 9/25/24 .00 .00 .00 .00 .00 .0000 .000000 135.85 357969A .00I 09/25/2024 3137BFE98 310 INTEREST EARNED ON F H L B GTD REMIC 3.171% 10/25/24 $1 PV ON 8988.2500 SHARES DUE 9/25/2024 $0.00264/PV ON 3,401,419.50 PV DUE 9/25/24 .00 .00 .00 .00 .00 .0000 .000000 8,988.25 .00I 09/25/2024 09/25/2024 09/25/2024 3137BFE98 20 PAID DOWN PAR VALUE OF F H L B GTD REMIC 3.171% 10/25/24 .00 .00 -1,907,761.64 .00 -134,259.64-1,773,502.0000 .000000 1,773,502.00 .00P 09/25/2024 3137BSRE5 310 INTEREST EARNED ON F H L M C MLTCL MTG 3.120% 9/25/26 $1 PV ON 13000.0000 SHARES DUE 9/25/2024 $0.00260/PV ON 5,000,000.00 PV DUE 9/25/24 .00 .00 .00 .00 .00 .0000 .000000 13,000.00 .00I 09/25/2024 3137FETN0 310 INTEREST EARNED ON F H L M C MLTCL MT 3.350% 1/25/28 $1 PV ON 15186.6600 SHARES DUE 9/25/2024 $0.00279/PV ON 5,440,000.00 PV DUE 9/25/24 .00 .00 .00 .00 .00 .0000 .000000 15,186.66 FHL0428B .00I 09/25/2024 3137FG6X8 310 INTEREST EARNED ON F H L M C MLTCL MT 3.850% 5/25/28 $1 PV ON 23260.4100 SHARES DUE 9/25/2024 $0.00321/PV ON 7,250,000.00 PV DUE 9/25/24 .00 .00 .00 .00 .00 .0000 .000000 23,260.41 FHL3828B .00I 09/25/2024 09/25/2024 09/25/2024 3138EG6F6 20 PAID DOWN PAR VALUE OF F N M A #AL0869 4.500% 6/01/29 AUGUST FNMA DUE 9/25/24 .00 .00 -77.43 .00 -4.22-73.2100 .000000 73.21 AL0869A .00P Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 29 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LONG-TERM PORTFOLIO6745046601 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 09/25/2024 3138EG6F6 310 INTEREST EARNED ON F N M A #AL0869 4.500% 6/01/29 $1 PV ON 8.6100 SHARES DUE 9/25/2024 AUGUST FNMA DUE 9/25/24 .00 .00 .00 .00 .00 .0000 .000000 8.61 AL0869A .00I 09/25/2024 31394JY35 310 INTEREST EARNED ON F H L M C MLTCL MT 6.49999% 9/25/43 $1 PV ON 1786.3100 SHARES DUE 9/25/2024 $0.00542/PV ON 329,780.04 PV DUE 9/25/24 .00 .00 .00 .00 .00 .0000 .000000 1,786.31 FHL9543 .00I 09/25/2024 09/25/2024 09/25/2024 31394JY35 20 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 6.49999% 9/25/43 .00 .00 -6,719.79 .00 -786.20-5,933.5900 .000000 5,933.59 FHL9543 .00P 09/25/2024 31397QRE0 310 INTEREST EARNED ON F N M A GTD REMIC 2.472% 2/25/41 $1 PV ON 316.8800 SHARES DUE 9/25/2024 $0.00512/PV ON 61,897.28 PV DUE 9/25/24 .00 .00 .00 .00 .00 .0000 .000000 316.88 FNM2841 .00I 09/25/2024 09/25/2024 09/25/2024 31397QRE0 20 PAID DOWN PAR VALUE OF F N M A GTD REMIC 2.472% 2/25/41 .00 .00 -362.72 .00 .11-362.8300 336.942122 362.83 FNM2841 .00P 09/25/2024 09/25/2024 09/25/2024 31403DJZ3 20 PAID DOWN PAR VALUE OF F N M A #745580 5.000% 6/01/36 AUGUST FNMA DUE 9/25/24 .00 .00 -494.52 .00 -34.50-460.0200 .000000 460.02 745580A .00P 09/25/2024 31403DJZ3 310 INTEREST EARNED ON F N M A #745580 5.000% 6/01/36 $1 PV ON 140.7200 SHARES DUE 9/25/2024 AUGUST FNMA DUE 9/25/24 .00 .00 .00 .00 .00 .0000 .000000 140.72 745580A .00I 09/25/2024 09/25/2024 09/25/2024 31403GXF4 20 PAID DOWN PAR VALUE OF F N M A #748678 5.000% 10/01/33 AUGUST FNMA DUE 9/25/24 .00 .00 -3.53 .00 -.25-3.2800 .000000 3.28 748678A .00P 09/25/2024 31403GXF4 310 INTEREST EARNED ON F N M A #748678 5.000% 10/01/33 $1 PV ON 1.8100 SHARES DUE 9/25/2024 AUGUST FNMA DUE 9/25/24 .00 .00 .00 .00 .00 .0000 .000000 1.81 748678A .00I 09/25/2024 09/25/2024 09/25/2024 31406PQY8 20 PAID DOWN PAR VALUE OF F N M A #815971 5.000% 3/01/35 AUGUST FNMA DUE 9/25/24 .00 .00 -338.63 .00 -23.63-315.0000 .000000 315.00 815971A .00P 09/25/2024 31406PQY8 310 INTEREST EARNED ON F N M A #815971 5.000% 3/01/35 $1 PV ON 183.4100 SHARES DUE 9/25/2024 AUGUST FNMA DUE 9/25/24 .00 .00 .00 .00 .00 .0000 .000000 183.41 815971A .00I 09/25/2024 09/25/2024 09/25/2024 31406XWT5 20 PAID DOWN PAR VALUE OF F N M A #823358 5.959% 2/01/35 AUGUST FNMA DUE 9/25/24 .00 .00 -81.32 .00 .64-81.9600 .000000 81.96 823358A .00P 09/25/2024 31406XWT5 310 INTEREST EARNED ON F N M A #823358 5.959% 2/01/35 $1 PV ON 63.8700 SHARES DUE 9/25/2024 AUGUST FNMA DUE 9/25/24 .00 .00 .00 .00 .00 .0000 .000000 63.87 823358A .00I 09/25/2024 09/25/2024 09/25/2024 31407BXH7 20 PAID DOWN PAR VALUE OF F N M A #826080 5.000% 7/01/35 AUGUST FNMA DUE 9/25/24 .00 .00 -50.88 .00 -3.55-47.3300 .000000 47.33 826080A .00P 09/25/2024 31407BXH7 310 INTEREST EARNED ON F N M A #826080 5.000% 7/01/35 $1 PV ON 26.7800 SHARES DUE 9/25/2024 AUGUST FNMA DUE 9/25/24 .00 .00 .00 .00 .00 .0000 .000000 26.78 826080A .00I Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 30 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LONG-TERM PORTFOLIO6745046601 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 09/25/2024 09/25/2024 09/25/2024 31410F4V4 20 PAID DOWN PAR VALUE OF F N M A #888336 5.000% 7/01/36 AUGUST FNMA DUE 9/25/24 .00 .00 -828.52 .00 -57.80-770.7200 .000000 770.72 888336A .00P 09/25/2024 31410F4V4 310 INTEREST EARNED ON F N M A #888336 5.000% 7/01/36 $1 PV ON 233.3300 SHARES DUE 9/25/2024 AUGUST FNMA DUE 9/25/24 .00 .00 .00 .00 .00 .0000 .000000 233.33 888336A .00I 09/25/2024 09/25/2024 09/25/2024 31417YAY3 20 PAID DOWN PAR VALUE OF F N M A #MA0022 4.500% 4/01/29 AUGUST FNMA DUE 9/25/24 .00 .00 -92.42 .00 -5.03-87.3900 .000000 87.39 MA0022A .00P 09/25/2024 31417YAY3 310 INTEREST EARNED ON F N M A #MA0022 4.500% 4/01/29 $1 PV ON 14.0900 SHARES DUE 9/25/2024 AUGUST FNMA DUE 9/25/24 .00 .00 .00 .00 .00 .0000 .000000 14.09 MA0022A .00I 09/25/2024 09/25/2024 09/25/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 1,246,198.52 .00 .00 1,246,198.5200 1.000000 -1,246,198.52 FGZXX .00P 09/25/2024 09/25/2024 09/25/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 1,832,920.60 .00 .00 1,832,920.6000 1.000000 -1,832,920.60 FGZXX .00P 09/27/2024 09/26/2024 09/27/2024 3135G0X24 20 SOLD PAR VALUE OF F N M A 1.625% 1/07/25 /NMRIUS33 NOMURA SECS INTL NY/3,750,000 PAR VALUE AT 99.1574 % .00 .00 -3,863,812.50 .00 -145,410.00-3,750,000.0000 .991574 3,718,402.50 .00P 09/27/2024 09/27/2024 3135G0X24 301 RECEIVED ACCRUED INTEREST ON SALE OF F N M A 1.625% 1/07/25 .00 .00 .00 .00 .00 .0000 .000000 13,541.67 .00I 09/27/2024 09/26/2024 09/27/2024 3137EAEP0 20 SOLD PAR VALUE OF F H L M C 1.500% 2/12/25 /TD SECURITIES (USA) LLC/5,200,000 PAR VALUE AT 98.8358 % .00 .00 -5,356,052.00 .00 -216,590.40-5,200,000.0000 .988358 5,139,461.60 .00P 09/27/2024 09/27/2024 3137EAEP0 301 RECEIVED ACCRUED INTEREST ON SALE OF F H L M C 1.500% 2/12/25 .00 .00 .00 .00 .00 .0000 .000000 9,750.00 .00I 09/27/2024 09/27/2024 09/27/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 13,403,676.87 .00 .00 13,403,676.8700 1.000000 -13,403,676.87 FGZXX .00P 09/27/2024 09/27/2024 09/27/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 4,336,114.41 .00 .00 4,336,114.4100 1.000000 -4,336,114.41 FGZXX .00P 09/27/2024 09/26/2024 09/27/2024 44935FAD6 20 SOLD PAR VALUE OF HYUNDAI AUTO REC TR 0.740% 5/15/26 /J.P. MORGAN SECURITIES LLC/376,264.43 PAR VALUE AT 98.98046701 % .00 .00 -376,180.45 .00 -3,752.16-376,264.4300 .989805 372,428.29 HAR0726 .00P 09/27/2024 09/27/2024 44935FAD6 301 RECEIVED ACCRUED INTEREST ON SALE OF HYUNDAI AUTO REC TR 0.740% 5/15/26 .00 .00 .00 .00 .00 .0000 .000000 92.81 HAR0726 .00I 09/27/2024 09/27/2024 09/27/2024 459052H58 20 MATURED PAR VALUE OF INTL BK DISC NTS 9/27/24 4,150,000 PAR VALUE AT 100 % .00 .00 -4,136,812.22 13,187.78 .00-4,150,000.0000 1.000000 4,150,000.00 .00P 09/27/2024 09/27/2024 09/27/2024 91058TJW7 10 PURCHASED PAR VALUE OF UNITEDHEALTH GROUP INC C P 9/30/24 /J.P. MORGAN SECURITIES LLC/922,000 PAR VALUE AT 99.96 % .00 .00 921,631.20 .00 .00 922,000.0000 .999600 -921,631.20 .00P Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 31 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LONG-TERM PORTFOLIO6745046601 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 09/30/2024 09/30/2024 09/30/2024 14912DJW0 20 MATURED PAR VALUE OF CATERPILLAR FINL SVCS C P 9/30/24 18,100,000 PAR VALUE AT 100 % .00 .00 -18,075,816.39 .00 .00-18,100,000.0000 1.000000 18,075,816.39 .00P 09/30/2024 14912DJW0 310 INTEREST EARNED ON CATERPILLAR FINL SVCS C P 9/30/24 $1 PV ON 18100000.0000 SHARES DUE 9/30/2024 18,100,000 PAR VALUE AT 100 % .00 .00 .00 .00 .00 .0000 .000000 24,183.61 .00I 09/30/2024 3130AQD59 310 INTEREST EARNED ON F H L B DEB 1.000% 9/30/24 $1 PV ON 500000.0000 SHARES DUE 9/30/2024 .00 .00 .00 .00 .00 .0000 .000000 1,250.00 .00I 09/30/2024 09/30/2024 09/30/2024 3130AQD59 20 MATURED PAR VALUE OF F H L B DEB 1.000% 9/30/24 500,000 PAR VALUE AT 100 % .00 .00 -498,526.00 1,474.00 .00-500,000.0000 1.000000 500,000.00 .00P 09/30/2024 09/30/2024 09/30/2024 313396H89 20 MATURED PAR VALUE OF F H L M C DISC NT 9/30/24 2,500,000 PAR VALUE AT 100 % .00 .00 -2,491,041.67 .00 .00-2,500,000.0000 1.000000 2,491,041.67 .00P 09/30/2024 313396H89 310 INTEREST EARNED ON F H L M C DISC NT 9/30/24 $1 PV ON 2500000.0000 SHARES DUE 9/30/2024 2,500,000 PAR VALUE AT 100 % .00 .00 .00 .00 .00 .0000 .000000 8,958.33 .00I 09/30/2024 09/30/2024 09/30/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 21,736,457.52 .00 .00 21,736,457.5200 1.000000 -21,736,457.52 FGZXX .00P 09/30/2024 09/30/2024 09/30/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 5,257,745.61 .00 .00 5,257,745.6100 1.000000 -5,257,745.61 FGZXX .00P 09/30/2024 09/26/2024 09/27/2024 362585AC5 20 SOLD PAR VALUE OF GM FIN CONS AUT 3.100% 2/16/27 /CRLYUS33 CALYON NY/1,401,857.9 PAR VALUE AT 99.14062688 % .00 .00 -1,401,564.91 .00 -11,754.20-1,401,857.9000 .991406 1,389,810.71 GFC3427 .00P 09/30/2024 09/27/2024 362585AC5 301 RECEIVED ACCRUED INTEREST ON SALE OF GM FIN CONS AUT 3.100% 2/16/27 .00 .00 .00 .00 .00 .0000 .000000 1,327.87 GFC3427 .00I 09/30/2024 09/26/2024 09/27/2024 448977AD0 20 SOLD PAR VALUE OF HYUNDAI AUTO REC 2.220% 10/15/26 /CRLYUS33 CALYON NY/2,028,264.64 PAR VALUE AT 98.86718924 % .00 .00 -2,028,186.56 .00 -22,898.32-2,028,264.6400 .988672 2,005,288.24 HAR2226 .00P 09/30/2024 09/27/2024 448977AD0 301 RECEIVED ACCRUED INTEREST ON SALE OF HYUNDAI AUTO REC 2.220% 10/15/26 .00 .00 .00 .00 .00 .0000 .000000 1,500.92 HAR2226 .00I 09/30/2024 09/26/2024 09/27/2024 47787JAC2 20 SOLD PAR VALUE OF JOHN DEERE OWNER 2.320% 9/15/26 /SOGEFRPPHCM SOCIETE GEN PARIS/1,283,172.17 PAR VALUE AT 98.81640747 % .00 .00 -1,282,888.32 .00 -14,903.68-1,283,172.1700 .988164 1,267,984.64 JDO2326 .00P 09/30/2024 09/27/2024 47787JAC2 301 RECEIVED ACCRUED INTEREST ON SALE OF JOHN DEERE OWNER 2.320% 9/15/26 .00 .00 .00 .00 .00 .0000 .000000 992.32 JDO2326 .00I 09/30/2024 09/26/2024 09/27/2024 47789QAC4 20 SOLD PAR VALUE OF JOHN DEERE OWN 0.520% 3/16/26 /SOGEFRPPHCM SOCIETE GEN PARIS/598,143.9 PAR VALUE AT 98.76172439 % .00 .00 -598,090.53 .00 -7,353.30-598,143.9000 .987617 590,737.23 JDO0926 .00P 09/30/2024 09/27/2024 47789QAC4 301 RECEIVED ACCRUED INTEREST ON SALE OF JOHN DEERE OWN 0.520% 3/16/26 .00 .00 .00 .00 .00 .0000 .000000 103.68 JDO0926 .00I Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 32 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LONG-TERM PORTFOLIO6745046601 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 09/30/2024 09/30/2024 09/30/2024 91058TJW7 20 MATURED PAR VALUE OF UNITEDHEALTH GROUP INC C P 9/30/24 922,000 PAR VALUE AT 100 % .00 .00 -921,631.20 .00 .00-922,000.0000 1.000000 921,631.20 .00P 09/30/2024 91058TJW7 310 INTEREST EARNED ON UNITEDHEALTH GROUP INC C P 9/30/24 $1 PV ON 922000.0000 SHARES DUE 9/30/2024 922,000 PAR VALUE AT 100 % .00 .00 .00 .00 .00 .0000 .000000 368.80 .00I 09/30/2024 91282CAM3 310 INTEREST EARNED ON U S TREASURY NT 0.250% 9/30/25 $1 PV ON 6500000.0000 SHARES DUE 9/30/2024 .00 .00 .00 .00 .00 .0000 .000000 8,125.00 .00I 09/30/2024 91282CBT7 310 INTEREST EARNED ON U S TREASURY NT 0.750% 3/31/26 $1 PV ON 10000000.0000 SHARES DUE 9/30/2024 .00 .00 .00 .00 .00 .0000 .000000 37,500.00 UST0026A .00I 09/30/2024 91282CFM8 310 INTEREST EARNED ON U S TREASURY NT 4.125% 9/30/27 $1 PV ON 10925000.0000 SHARES DUE 9/30/2024 .00 .00 .00 .00 .00 .0000 .000000 225,328.13 UST4127 .00I 09/30/2024 91282CGT2 310 INTEREST EARNED ON U S TREASURY NT 3.625% 3/31/28 $1 PV ON 20000000.0000 SHARES DUE 9/30/2024 .00 .00 .00 .00 .00 .0000 .000000 362,500.00 .00I 09/30/2024 91282CJA0 310 INTEREST EARNED ON U S TREASURY NT 4.625% 9/30/28 $1 PV ON 20000000.0000 SHARES DUE 9/30/2024 .00 .00 .00 .00 .00 .0000 .000000 462,500.00 .00I 09/30/2024 09/30/2024 09/30/2024 93114EJW8 20 MATURED PAR VALUE OF WALMART INC DISC COML C P 9/30/24 3,875,000 PAR VALUE AT 100 % .00 .00 -3,869,865.63 .00 .00-3,875,000.0000 1.000000 3,869,865.63 .00P 09/30/2024 93114EJW8 310 INTEREST EARNED ON WALMART INC DISC COML C P 9/30/24 $1 PV ON 3875000.0000 SHARES DUE 9/30/2024 3,875,000 PAR VALUE AT 100 % .00 .00 .00 .00 .00 .0000 .000000 5,134.37 .00I 10/01/2024 31846V567 310 INTEREST EARNED ON FIRST AM GOVT OB FD CL Z UNIT ON 0.0000 SHARES DUE 9/30/2024 INTEREST FROM 9/1/24 TO 9/30/24 .00 .00 .00 .00 .00 .0000 .000000 18,288.96 FGZXX .00I 10/01/2024 10/01/2024 10/01/2024 44935FAD6 25 DISTRIBUTED PAR VALUE OF HYUNDAI AUTO REC TR 0.740% 5/15/26 VALUED AT 0.01 FRACTIONAL SHRS .00 .00 -.01 .00 .00-.0100 .000000 .00 HAR0726 .00P 10/02/2024 210 CASH DISBURSEMENT PAID TO ORANGE COUNTY SANITATION DISTRICT OUTGOING DOMESTIC WIRE LONG-TERM PORTFOLIO WITHDRAWAL (RESCHEDULED) .00 .00 .00 .00 .00 .0000 .000000 -48,000,000.00 .00P 10/02/2024 10/02/2024 10/02/2024 31846V567 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 -48,000,000.00 .00 .00-48,000,000.0000 1.000000 48,000,000.00 FGZXX .00P 10/02/2024 10/02/2024 10/02/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 18,288.96 .00 .00 18,288.9600 1.000000 -18,288.96 FGZXX .00P 10/03/2024 10/03/2024 10/03/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 435.97 .00 .00 435.9700 1.000000 -435.97 FGZXX .00P Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 33 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LONG-TERM PORTFOLIO6745046601 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 10/03/2024 525ESC0Y6 110 Unknown LEHMAN BRTH HLD ESC PARTIAL LIQUIDATING DISTRIBUTION PAID @ 0.167544/S .00 .00 -335.09 .00 .00 .0000 .000000 335.09 .00P 10/03/2024 525ESCIB7 110 Unknown LEHMAN BRTH MTN ES 0.00001% 1/24/13 PARTIAL LIQUIDATING DISTRIBUTION PAID @ 0.168139 .00 .00 -100.88 .00 .00 .0000 .000000 100.88 .00P 10/09/2024 10/08/2024 10/09/2024 30303M8S4 10 PURCHASED PAR VALUE OF META PLATFORMS INC 4.300% 8/15/29 /BOFA SECURITIES, INC./FXD INC/XOTC 6,300,000 PAR VALUE AT 100.469 % .00 .00 6,329,547.00 .00 .00 6,300,000.0000 1.004690 -6,329,547.00 .00P 10/09/2024 10/09/2024 30303M8S4 300 PAID ACCRUED INTEREST ON PURCHASE OF META PLATFORMS INC 4.300% 8/15/29 .00 .00 .00 .00 .00 .0000 .000000 -45,150.00 .00I 10/09/2024 10/08/2024 10/09/2024 3130AH6Y4 10 PURCHASED PAR VALUE OF FEDERAL HOME LOAN BA 2.060% 9/27/29 /CITIGROUP GLOBAL MARKETS INC./1,300,000 PAR VALUE AT 91.51 % .00 .00 1,189,630.00 .00 .00 1,300,000.0000 .915100 -1,189,630.00 .00P 10/09/2024 10/09/2024 3130AH6Y4 300 PAID ACCRUED INTEREST ON PURCHASE OF FEDERAL HOME LOAN BA 2.060% 9/27/29 .00 .00 .00 .00 .00 .0000 .000000 -892.67 .00I 10/09/2024 10/08/2024 10/09/2024 3134A3U53 10 PURCHASED PAR VALUE OF F H L M C STRIP 9/15/29 /RBS SECURITIES INC./2,500,000 PAR VALUE AT 82.3 % .00 .00 2,057,500.00 .00 .00 2,500,000.0000 .823000 -2,057,500.00 FHL91529 .00P 10/09/2024 10/09/2024 10/09/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 173,418.19 .00 .00 173,418.1900 1.000000 -173,418.19 FGZXX .00P 10/09/2024 10/09/2024 10/09/2024 31846V567 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 -389,216.05 .00 .00-389,216.0500 1.000000 389,216.05 FGZXX .00P 10/09/2024 10/08/2024 10/09/2024 362554AC1 20 SOLD PAR VALUE OF GM FIN CONS AUTO 0.680% 9/16/26 /SOGEFRPPHCM SOCIETE GEN PARIS/555,914.31 PAR VALUE AT 98.57031203 % .00 .00 -555,900.14 .00 -7,933.67-555,914.3100 .985703 547,966.47 GFC0626 .00P 10/09/2024 10/09/2024 362554AC1 301 RECEIVED ACCRUED INTEREST ON SALE OF GM FIN CONS AUTO 0.680% 9/16/26 .00 .00 .00 .00 .00 .0000 .000000 241.51 GFC0626 .00I 10/09/2024 10/08/2024 10/09/2024 380146AC4 20 SOLD PAR VALUE OF GM FIN CONS AUTO 1.260% 11/16/26 /MITSUBISHI UFJ SECURITIES (USA/635,142.04 PAR VALUE AT 98.640625 % .00 .00 -635,086.85 .00 -8,578.77-635,142.0400 .986406 626,508.08 GFC1226 .00P 10/09/2024 10/09/2024 380146AC4 301 RECEIVED ACCRUED INTEREST ON SALE OF GM FIN CONS AUTO 1.260% 11/16/26 .00 .00 .00 .00 .00 .0000 .000000 511.29 GFC1226 .00I 10/09/2024 10/08/2024 10/09/2024 43815GAC3 20 SOLD PAR VALUE OF HONDA AUTO REC 0.880% 1/21/26 /SOGEFRPPHCM SOCIETE GEN PARIS/621,891.09 PAR VALUE AT 98.82031113 % .00 .00 -621,759.99 .00 -7,205.28-621,891.0900 .988203 614,554.71 HAR0826 .00P 10/09/2024 10/09/2024 43815GAC3 301 RECEIVED ACCRUED INTEREST ON SALE OF HONDA AUTO REC 0.880% 1/21/26 .00 .00 .00 .00 .00 .0000 .000000 273.63 HAR0826 .00I 10/09/2024 10/08/2024 10/09/2024 45818WFV3 10 PURCHASED PAR VALUE OF INTER AMER BK M T N 3.900% 8/15/29 /WELLS FARGO SECURITIES, LLC/1,500,000 PAR VALUE AT 99.8585 % .00 .00 1,497,877.50 .00 .00 1,500,000.0000 .998585 -1,497,877.50 .00P Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 34 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LONG-TERM PORTFOLIO6745046601 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 10/09/2024 10/09/2024 45818WFV3 300 PAID ACCRUED INTEREST ON PURCHASE OF INTER AMER BK M T N 3.900% 8/15/29 .00 .00 .00 .00 .00 .0000 .000000 -8,775.00 .00I 10/09/2024 10/08/2024 10/09/2024 747525AF0 20 SOLD PAR VALUE OF QUALCOMM INC 3.450% 5/20/25 /STONEX FINANCIAL INC./8,000,000 PAR VALUE AT 99.332 % .00 .00 -8,479,891.80 .00 -533,331.80-8,000,000.0000 .993320 7,946,560.00 .00P 10/09/2024 10/09/2024 747525AF0 301 RECEIVED ACCRUED INTEREST ON SALE OF QUALCOMM INC 3.450% 5/20/25 .00 .00 .00 .00 .00 .0000 .000000 106,566.67 .00I 10/09/2024 10/08/2024 10/09/2024 91282CFJ5 10 PURCHASED PAR VALUE OF U S TREASURY NT 3.125% 8/31/29 /CITIGROUP GLOBAL MARKETS INC./10,250,000 PAR VALUE AT 96.67611629 % .00 .00 9,909,301.92 .00 .00 10,250,000.0000 .966761 -9,909,301.92 .00P 10/09/2024 10/09/2024 91282CFJ5 300 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 3.125% 8/31/29 .00 .00 .00 .00 .00 .0000 .000000 -34,508.81 .00I 10/09/2024 10/08/2024 10/09/2024 91282CFM8 20 SOLD PAR VALUE OF U S TREASURY NT 4.125% 9/30/27 /CITIGROUP GLOBAL MARKETS INC./10,925,000 PAR VALUE AT 100.71450874 % .00 .00 -11,040,955.08 .00 -37,895.00-10,925,000.0000 1.007145 11,003,060.08 UST4127 .00P 10/09/2024 10/09/2024 91282CFM8 301 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 4.125% 9/30/27 .00 .00 .00 .00 .00 .0000 .000000 11,142.60 UST4127 .00I 10/15/2024 023135CF1 310 INTEREST EARNED ON AMAZON COM 3.300% 4/13/27 $1 PV ON 2000000.0000 SHARES DUE 10/13/2024 .00 .00 .00 .00 .00 .0000 .000000 33,000.00 .00I 10/15/2024 02582JJT8 310 INTEREST EARNED ON AMERICAN EXPRESS 3.390% 5/17/27 $1 PV ON 6620000.0000 SHARES DUE 10/15/2024 .00 .00 .00 .00 .00 .0000 .000000 18,701.50 .00I 10/15/2024 02582JJV3 310 INTEREST EARNED ON AMERICAN EXPRESS 3.750% 8/16/27 $1 PV ON 6250.0000 SHARES DUE 10/15/2024 $0.00313/PV ON 2,000,000.00 PV DUE 10/15/24 .00 .00 .00 .00 .00 .0000 .000000 6,250.00 .00I 10/15/2024 161571HV9 310 INTEREST EARNED ON CHASE ISSUE TR 4.600% 1/16/29 $1 PV ON 30820.0000 SHARES DUE 10/15/2024 $0.00383/PV ON 8,040,000.00 PV DUE 10/15/24 .00 .00 .00 .00 .00 .0000 .000000 30,820.00 .00I 10/15/2024 3133TCE95 310 INTEREST EARNED ON F H L M C MLTCL MTG 4.744% 8/15/32 $1 PV ON 7.3100 SHARES DUE 10/15/2024 $0.00395/PV ON 1,848.25 PV DUE 10/15/24 .00 .00 .00 .00 .00 .0000 .000000 7.31 FHL3032 .00I 10/15/2024 10/15/2024 10/15/2024 3133TCE95 20 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 4.744% 8/15/32 .00 .00 -42.95 .00 -.05-42.9000 .000000 42.90 FHL3032 .00P 10/15/2024 10/15/2024 10/15/2024 31348SWZ3 20 PAID DOWN PAR VALUE OF F H L M C #786064 6.262% 1/01/28 SEPTEMBER FHLMC DUE 10/15/24 .00 .00 -6.39 .00 .16-6.5500 .000000 6.55 786064F .00P 10/15/2024 31348SWZ3 310 INTEREST EARNED ON F H L M C #786064 6.262% 1/01/28 $1 PV ON 1.5300 SHARES DUE 10/15/2024 AUGUST FHLMC DUE 10/15/24 .00 .00 .00 .00 .00 .0000 .000000 1.53 786064F .00I Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 35 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LONG-TERM PORTFOLIO6745046601 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 10/15/2024 10/15/2024 10/15/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 18,701.50 .00 .00 18,701.5000 1.000000 -18,701.50 FGZXX .00P 10/15/2024 10/15/2024 10/15/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 855,009.81 .00 .00 855,009.8100 1.000000 -855,009.81 FGZXX .00P 10/15/2024 43815BAC4 310 INTEREST EARNED ON HONDA AUTO REC OWN 1.880% 5/15/26 $1 PV ON 2828.9100 SHARES DUE 10/15/2024 $0.00157/PV ON 1,805,688.22 PV DUE 10/15/24 .00 .00 .00 .00 .00 .0000 .000000 2,828.91 HAR1826 .00I 10/15/2024 10/15/2024 10/15/2024 43815BAC4 20 PAID DOWN PAR VALUE OF HONDA AUTO REC OWN 1.880% 5/15/26 .00 .00 -191,926.67 .00 28.87-191,955.5400 .000000 191,955.54 HAR1826 .00P 10/15/2024 47800AAC4 310 INTEREST EARNED ON JOHN DEERE OWNR TR 3.740% 2/16/27 $1 PV ON 7321.3500 SHARES DUE 10/15/2024 $0.00312/PV ON 2,349,097.31 PV DUE 10/15/24 .00 .00 .00 .00 .00 .0000 .000000 7,321.35 JDO6827 .00I 10/15/2024 10/15/2024 10/15/2024 47800AAC4 20 PAID DOWN PAR VALUE OF JOHN DEERE OWNR TR 3.740% 2/16/27 .00 .00 -127,952.11 .00 12.22-127,964.3300 .000000 127,964.33 JDO6827 .00P 10/15/2024 47800BAC2 310 INTEREST EARNED ON JOHN DEERE OWNER 5.090% 6/15/27 $1 PV ON 15394.8900 SHARES DUE 10/15/2024 $0.00424/PV ON 3,629,442.43 PV DUE 10/15/24 .00 .00 .00 .00 .00 .0000 .000000 15,394.89 JDO5027 .00I 10/15/2024 10/15/2024 10/15/2024 47800BAC2 20 PAID DOWN PAR VALUE OF JOHN DEERE OWNER 5.090% 6/15/27 .00 .00 -173,052.57 .00 13.43-173,066.0000 .000000 173,066.00 JDO5027 .00P 10/15/2024 61747YFP5 310 INTEREST EARNED ON MORGAN STANLEY MTN 5.4636% 4/13/28 $1 PV ON 9750000.0000 SHARES DUE 10/13/2024 .00 .00 .00 .00 .00 .0000 .000000 266,350.50 MSM5428 .00I 10/17/2024 10/16/2024 10/17/2024 00440EAS6 20 SOLD PAR VALUE OF ACE INA HOLDING 3.150% 3/15/25 /JEFFERIES LLC/2,000,000 PAR VALUE AT 99.303 % .00 .00 -2,203,740.00 .00 -217,680.00-2,000,000.0000 .993030 1,986,060.00 .00P 10/17/2024 10/17/2024 00440EAS6 301 RECEIVED ACCRUED INTEREST ON SALE OF ACE INA HOLDING 3.150% 3/15/25 .00 .00 .00 .00 .00 .0000 .000000 5,600.00 .00I 10/17/2024 10/16/2024 10/17/2024 023135CF1 20 SOLD PAR VALUE OF AMAZON COM 3.300% 4/13/27 /USBCUS31 US BANCORP INVEST US/XOTC 2,000,000 PAR VALUE AT 98.255 % .00 .00 -1,996,540.00 .00 -31,440.00-2,000,000.0000 .982550 1,965,100.00 .00P 10/17/2024 10/17/2024 023135CF1 301 RECEIVED ACCRUED INTEREST ON SALE OF AMAZON COM 3.300% 4/13/27 .00 .00 .00 .00 .00 .0000 .000000 733.33 .00I 10/17/2024 10/17/2024 10/17/2024 31846V567 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 -856,261.90 .00 .00-856,261.9000 1.000000 856,261.90 FGZXX .00P 10/17/2024 10/17/2024 10/17/2024 380146AC4 25 DISTRIBUTED PAR VALUE OF GM FIN CONS AUTO 1.260% 11/16/26 VALUED AT 0.02 FRACTIONAL SHRS .00 .00 -.02 .00 .00-.0200 .000000 .00 GFC1226 .00P Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 36 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LONG-TERM PORTFOLIO6745046601 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 10/17/2024 10/17/2024 10/17/2024 43815GAC3 25 DISTRIBUTED PAR VALUE OF HONDA AUTO REC 0.880% 1/21/26 VALUED AT 0.01 FRACTIONAL SHRS .00 .00 -.01 .00 .00-.0100 .000000 .00 HAR0826 .00P 10/17/2024 10/16/2024 10/17/2024 91282CAM3 20 SOLD PAR VALUE OF U S TREASURY NT 0.250% 9/30/25 /RBC CAPITAL MARKETS, LLC/2,000,000 PAR VALUE AT 96.3199775 % .00 .00 -1,993,125.00 .00 -66,725.45-2,000,000.0000 .963200 1,926,399.55 .00P 10/17/2024 10/17/2024 91282CAM3 301 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 0.250% 9/30/25 .00 .00 .00 .00 .00 .0000 .000000 233.52 .00I 10/17/2024 10/15/2024 10/17/2024 91282CEE7 10 PURCHASED PAR VALUE OF U S TREASURY NT 2.375% 3/31/29 /STONEX FINANCIAL INC./12,500,000 PAR VALUE AT 93.89843752 % .00 .00 11,737,304.69 .00 .00 12,500,000.0000 .938984 -11,737,304.69 .00P 10/17/2024 10/17/2024 91282CEE7 300 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 2.375% 3/31/29 .00 .00 .00 .00 .00 .0000 .000000 -13,865.04 .00I 10/17/2024 10/16/2024 10/17/2024 931142EX7 20 SOLD PAR VALUE OF WALMART INC 3.950% 9/09/27 /J.P. MORGAN SECURITIES LLC/4,995,000 PAR VALUE AT 99.899 % .00 .00 -4,989,807.70 .00 147.35-4,995,000.0000 .998990 4,989,955.05 .00P 10/17/2024 10/17/2024 931142EX7 301 RECEIVED ACCRUED INTEREST ON SALE OF WALMART INC 3.950% 9/09/27 .00 .00 .00 .00 .00 .0000 .000000 20,826.38 .00I 10/21/2024 10/21/2024 10/21/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 59,455.75 .00 .00 59,455.7500 1.000000 -59,455.75 FGZXX .00P 10/21/2024 10/20/2024 10/21/2024 36225CAZ9 20 PAID DOWN PAR VALUE OF G N M A I I #080023 3.750% 12/20/26 SEPTEMBER GNMA DUE 10/20/24 .00 .00 -93.01 .00 -1.51-91.5000 .000000 91.50 080023M .00P 10/21/2024 36225CAZ9 310 INTEREST EARNED ON G N M A I I #080023 3.750% 12/20/26 $1 PV ON 7.4600 SHARES DUE 10/20/2024 SEPTEMBER GNMA DUE 10/20/24 .00 .00 .00 .00 .00 .0000 .000000 7.46 080023M .00I 10/21/2024 10/20/2024 10/21/2024 36225CC20 20 PAID DOWN PAR VALUE OF G N M A I I #080088 5.000% 6/20/27 SEPTEMBER GNMA DUE 10/20/24 .00 .00 -84.06 .00 -1.80-82.2600 .000000 82.26 080088M .00P 10/21/2024 36225CC20 310 INTEREST EARNED ON G N M A I I #080088 5.000% 6/20/27 $1 PV ON 11.9300 SHARES DUE 10/20/2024 SEPTEMBER GNMA DUE 10/20/24 .00 .00 .00 .00 .00 .0000 .000000 11.93 080088M .00I 10/21/2024 10/20/2024 10/21/2024 36225CN28 20 PAID DOWN PAR VALUE OF G N M A I I #080408 4.875% 5/20/30 SEPTEMBER GNMA DUE 10/20/24 .00 .00 -224.81 .00 2.31-227.1200 .000000 227.12 080408M .00P 10/21/2024 36225CN28 310 INTEREST EARNED ON G N M A I I #080408 4.875% 5/20/30 $1 PV ON 69.0600 SHARES DUE 10/20/2024 SEPTEMBER GNMA DUE 10/20/24 .00 .00 .00 .00 .00 .0000 .000000 69.06 080408M .00I 10/21/2024 10/20/2024 10/21/2024 36225CNM4 20 PAID DOWN PAR VALUE OF G N M A I I #080395 4.875% 4/20/30 SEPTEMBER GNMA DUE 10/20/24 .00 .00 -24.46 .00 .22-24.6800 .000000 24.68 080395M .00P 10/21/2024 36225CNM4 310 INTEREST EARNED ON G N M A I I #080395 4.875% 4/20/30 $1 PV ON 7.3600 SHARES DUE 10/20/2024 SEPTEMBER GNMA DUE 10/20/24 .00 .00 .00 .00 .00 .0000 .000000 7.36 080395M .00I Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 37 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LONG-TERM PORTFOLIO6745046601 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 10/21/2024 10/20/2024 10/21/2024 36225DCB8 20 PAID DOWN PAR VALUE OF G N M A I I #080965 3.625% 7/20/34 SEPTEMBER GNMA DUE 10/20/24 .00 .00 -395.55 .00 .25-395.8000 .000000 395.80 080965M .00P 10/21/2024 36225DCB8 310 INTEREST EARNED ON G N M A I I #080965 3.625% 7/20/34 $1 PV ON 44.8300 SHARES DUE 10/20/2024 SEPTEMBER GNMA DUE 10/20/24 .00 .00 .00 .00 .00 .0000 .000000 44.83 080965M .00I 10/21/2024 4581X0DV7 310 INTEREST EARNED ON INTER AMER BK M T N 0.875% 4/20/26 $1 PV ON 13370000.0000 SHARES DUE 10/20/2024 .00 .00 .00 .00 .00 .0000 .000000 58,493.75 .00I 10/22/2024 3135G03U5 310 INTEREST EARNED ON F N M A DEB 0.625% 4/22/25 $1 PV ON 14000000.0000 SHARES DUE 10/22/2024 .00 .00 .00 .00 .00 .0000 .000000 43,750.00 .00I 10/22/2024 10/22/2024 10/22/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 63,265.63 .00 .00 63,265.6300 1.000000 -63,265.63 FGZXX .00P 10/22/2024 459058JB0 310 INTEREST EARNED ON INTL BK M T N 0.626% 4/22/25 $1 PV ON 6245000.0000 SHARES DUE 10/22/2024 .00 .00 .00 .00 .00 .0000 .000000 19,515.63 IBM0625 .00I 10/23/2024 10/23/2024 10/23/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 31.22 .00 .00 31.2200 1.000000 -31.22 FGZXX .00P 10/23/2024 459058JB0 310 INTEREST EARNED ON INTL BK M T N 0.626% 4/22/25 $1 PV ON 6245000.0000 SHARES DUE 10/22/2024 .00 .00 .00 .00 .00 .0000 .000000 -19,515.63 IBM0625 .00I 10/23/2024 459058JB0 310 INTEREST EARNED ON INTL BK M T N 0.626% 4/22/25 $1 PV ON 6245000.0000 SHARES DUE 10/22/2024 .00 .00 .00 .00 .00 .0000 .000000 19,546.85 IBM0625 .00I 10/24/2024 10/23/2024 10/24/2024 023135CP9 20 SOLD PAR VALUE OF AMAZON COM INC 4.550% 12/01/27 /CITIGROUP GLOBAL MARKETS INC./2,000,000 PAR VALUE AT 100.796 % .00 .00 -2,028,800.00 .00 -12,880.00-2,000,000.0000 1.007960 2,015,920.00 .00P 10/24/2024 10/24/2024 023135CP9 301 RECEIVED ACCRUED INTEREST ON SALE OF AMAZON COM INC 4.550% 12/01/27 .00 .00 .00 .00 .00 .0000 .000000 36,147.22 .00I 10/24/2024 10/24/2024 10/24/2024 31846V567 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 -1,972,720.82 .00 .00-1,972,720.8200 1.000000 1,972,720.82 FGZXX .00P 10/24/2024 10/24/2024 10/24/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 2,052,067.22 .00 .00 2,052,067.2200 1.000000 -2,052,067.22 FGZXX .00P 10/24/2024 10/16/2024 10/24/2024 43816DAC9 10 PURCHASED PAR VALUE OF HONDA AUTO 0.00001% 3/15/29 /BOFA SECURITIES, INC./FXD INC/1,973,000 PAR VALUE AT 99.98584997 % .00 .00 1,972,720.82 .00 .00 1,973,000.0000 .999858 -1,972,720.82 .00P 10/25/2024 05592XAD2 310 INTEREST EARNED ON BMW VEH OWNER TR 5.470% 2/25/28 $1 PV ON 6450.0400 SHARES DUE 10/25/2024 $0.00456/PV ON 1,415,000.00 PV DUE 10/25/24 .00 .00 .00 .00 .00 .0000 .000000 6,450.04 BVO5428 .00I 10/25/2024 10/24/2024 10/25/2024 3130A4CH3 20 SOLD PAR VALUE OF F H L B DEB 2.375% 3/14/25 /MIZUHO SECURITIES USA INC./5,225,000 PAR VALUE AT 99.14756708 % .00 .00 -5,526,848.25 .00 -346,387.87-5,225,000.0000 .991476 5,180,460.38 .00P Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 38 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LONG-TERM PORTFOLIO6745046601 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 10/25/2024 10/25/2024 3130A4CH3 301 RECEIVED ACCRUED INTEREST ON SALE OF F H L B DEB 2.375% 3/14/25 .00 .00 .00 .00 .00 .0000 .000000 14,132.90 .00I 10/25/2024 3136AJZP4 310 INTEREST EARNED ON F N M A GTD REMIC 1.500% 4/25/29 $1 PV ON 1291.7700 SHARES DUE 10/25/2024 $0.00125/PV ON 1,033,414.44 PV DUE 10/25/24 .00 .00 .00 .00 .00 .0000 .000000 1,291.77 .00I 10/25/2024 10/25/2024 10/25/2024 3136AJZP4 20 PAID DOWN PAR VALUE OF F N M A GTD REMIC 1.500% 4/25/29 .00 .00 -26,237.07 2,483.13 .00-28,720.2000 .000000 28,720.20 .00P 10/25/2024 10/25/2024 10/25/2024 31371NUC7 20 PAID DOWN PAR VALUE OF F N M A #257179 4.500% 4/01/28 SEPTEMBER FNMA DUE 10/25/24 .00 .00 -109.05 .00 -5.94-103.1100 .000000 103.11 257179A .00P 10/25/2024 31371NUC7 310 INTEREST EARNED ON F N M A #257179 4.500% 4/01/28 $1 PV ON 11.2300 SHARES DUE 10/25/2024 SEPTEMBER FNMA DUE 10/25/24 .00 .00 .00 .00 .00 .0000 .000000 11.23 257179A .00I 10/25/2024 10/25/2024 10/25/2024 31376KT22 20 PAID DOWN PAR VALUE OF F N M A #357969 5.000% 9/01/35 SEPTEMBER FNMA DUE 10/25/24 .00 .00 -269.96 .00 -18.83-251.1300 .000000 251.13 357969A .00P 10/25/2024 31376KT22 310 INTEREST EARNED ON F N M A #357969 5.000% 9/01/35 $1 PV ON 134.8400 SHARES DUE 10/25/2024 SEPTEMBER FNMA DUE 10/25/24 .00 .00 .00 .00 .00 .0000 .000000 134.84 357969A .00I 10/25/2024 10/25/2024 10/25/2024 3137BFE98 20 MATURED PAR VALUE OF F H L B GTD REMIC 3.171% 10/25/24 1,627,917.5 PAR VALUE AT 100 % .00 .00 -1,751,155.93 .00 -123,238.43-1,627,917.5000 1.000000 1,627,917.50 .00P 10/25/2024 3137BFE98 310 INTEREST EARNED ON F H L B GTD REMIC 3.171% 10/25/24 $1 PV ON 4301.7700 SHARES DUE 10/25/2024 $0.00264/PV ON 1,627,917.50 PV DUE 10/25/24 .00 .00 .00 .00 .00 .0000 .000000 4,301.77 .00I 10/25/2024 3137BSRE5 310 INTEREST EARNED ON F H L M C MLTCL MTG 3.120% 9/25/26 $1 PV ON 13000.0000 SHARES DUE 10/25/2024 $0.00260/PV ON 5,000,000.00 PV DUE 10/25/24 .00 .00 .00 .00 .00 .0000 .000000 13,000.00 .00I 10/25/2024 3137FETN0 310 INTEREST EARNED ON F H L M C MLTCL MT 3.350% 1/25/28 $1 PV ON 15186.6600 SHARES DUE 10/25/2024 $0.00279/PV ON 5,440,000.00 PV DUE 10/25/24 .00 .00 .00 .00 .00 .0000 .000000 15,186.66 FHL0428B .00I 10/25/2024 3137FG6X8 310 INTEREST EARNED ON F H L M C MLTCL MT 3.850% 5/25/28 $1 PV ON 23260.4100 SHARES DUE 10/25/2024 $0.00321/PV ON 7,250,000.00 PV DUE 10/25/24 .00 .00 .00 .00 .00 .0000 .000000 23,260.41 FHL3828B .00I 10/25/2024 10/25/2024 10/25/2024 3138EG6F6 20 PAID DOWN PAR VALUE OF F N M A #AL0869 4.500% 6/01/29 SEPTEMBER FNMA DUE 10/25/24 .00 .00 -60.74 .00 -3.31-57.4300 .000000 57.43 AL0869A .00P 10/25/2024 3138EG6F6 310 INTEREST EARNED ON F N M A #AL0869 4.500% 6/01/29 $1 PV ON 8.3400 SHARES DUE 10/25/2024 SEPTEMBER FNMA DUE 10/25/24 .00 .00 .00 .00 .00 .0000 .000000 8.34 AL0869A .00I 10/25/2024 31394JY35 310 INTEREST EARNED ON F H L M C MLTCL MT 6.49999% 9/25/43 $1 PV ON 1754.1700 SHARES DUE 10/25/2024 $0.00542/PV ON 323,846.45 PV DUE 10/25/24 .00 .00 .00 .00 .00 .0000 .000000 1,754.17 FHL9543 .00I Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 39 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LONG-TERM PORTFOLIO6745046601 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 10/25/2024 10/25/2024 10/25/2024 31394JY35 20 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 6.49999% 9/25/43 .00 .00 -2,313.44 .00 -270.67-2,042.7700 .000000 2,042.77 FHL9543 .00P 10/25/2024 31397QRE0 310 INTEREST EARNED ON F N M A GTD REMIC 2.472% 2/25/41 $1 PV ON 311.5000 SHARES DUE 10/25/2024 $0.00506/PV ON 61,534.45 PV DUE 10/25/24 .00 .00 .00 .00 .00 .0000 .000000 311.50 FNM2841 .00I 10/25/2024 10/25/2024 10/25/2024 31397QRE0 20 PAID DOWN PAR VALUE OF F N M A GTD REMIC 2.472% 2/25/41 .00 .00 -575.00 .00 .18-575.1800 372.304878 575.18 FNM2841 .00P 10/25/2024 10/25/2024 10/25/2024 31403DJZ3 20 PAID DOWN PAR VALUE OF F N M A #745580 5.000% 6/01/36 SEPTEMBER FNMA DUE 10/25/24 .00 .00 -536.54 .00 -37.43-499.1100 .000000 499.11 745580A .00P 10/25/2024 31403DJZ3 310 INTEREST EARNED ON F N M A #745580 5.000% 6/01/36 $1 PV ON 138.8100 SHARES DUE 10/25/2024 SEPTEMBER FNMA DUE 10/25/24 .00 .00 .00 .00 .00 .0000 .000000 138.81 745580A .00I 10/25/2024 10/25/2024 10/25/2024 31403GXF4 20 PAID DOWN PAR VALUE OF F N M A #748678 5.000% 10/01/33 SEPTEMBER FNMA DUE 10/25/24 .00 .00 -3.54 .00 -.25-3.2900 .000000 3.29 748678A .00P 10/25/2024 31403GXF4 310 INTEREST EARNED ON F N M A #748678 5.000% 10/01/33 $1 PV ON 1.8000 SHARES DUE 10/25/2024 SEPTEMBER FNMA DUE 10/25/24 .00 .00 .00 .00 .00 .0000 .000000 1.80 748678A .00I 10/25/2024 10/25/2024 10/25/2024 31406PQY8 20 PAID DOWN PAR VALUE OF F N M A #815971 5.000% 3/01/35 SEPTEMBER FNMA DUE 10/25/24 .00 .00 -340.95 .00 -23.79-317.1600 .000000 317.16 815971A .00P 10/25/2024 31406PQY8 310 INTEREST EARNED ON F N M A #815971 5.000% 3/01/35 $1 PV ON 182.1000 SHARES DUE 10/25/2024 SEPTEMBER FNMA DUE 10/25/24 .00 .00 .00 .00 .00 .0000 .000000 182.10 815971A .00I 10/25/2024 10/25/2024 10/25/2024 31406XWT5 20 PAID DOWN PAR VALUE OF F N M A #823358 5.959% 2/01/35 SEPTEMBER FNMA DUE 10/25/24 .00 .00 -332.58 .00 2.62-335.2000 .000000 335.20 823358A .00P 10/25/2024 31406XWT5 310 INTEREST EARNED ON F N M A #823358 5.959% 2/01/35 $1 PV ON 63.4600 SHARES DUE 10/25/2024 SEPTEMBER FNMA DUE 10/25/24 .00 .00 .00 .00 .00 .0000 .000000 63.46 823358A .00I 10/25/2024 10/25/2024 10/25/2024 31407BXH7 20 PAID DOWN PAR VALUE OF F N M A #826080 5.000% 7/01/35 SEPTEMBER FNMA DUE 10/25/24 .00 .00 -51.13 .00 -3.57-47.5600 .000000 47.56 826080A .00P 10/25/2024 31407BXH7 310 INTEREST EARNED ON F N M A #826080 5.000% 7/01/35 $1 PV ON 26.5900 SHARES DUE 10/25/2024 SEPTEMBER FNMA DUE 10/25/24 .00 .00 .00 .00 .00 .0000 .000000 26.59 826080A .00I 10/25/2024 10/25/2024 10/25/2024 31410F4V4 20 PAID DOWN PAR VALUE OF F N M A #888336 5.000% 7/01/36 SEPTEMBER FNMA DUE 10/25/24 .00 .00 -890.57 .00 -62.13-828.4400 .000000 828.44 888336A .00P 10/25/2024 31410F4V4 310 INTEREST EARNED ON F N M A #888336 5.000% 7/01/36 $1 PV ON 230.1200 SHARES DUE 10/25/2024 SEPTEMBER FNMA DUE 10/25/24 .00 .00 .00 .00 .00 .0000 .000000 230.12 888336A .00I 10/25/2024 10/25/2024 10/25/2024 31417YAY3 20 PAID DOWN PAR VALUE OF F N M A #MA0022 4.500% 4/01/29 SEPTEMBER FNMA DUE 10/25/24 .00 .00 -94.42 .00 -5.14-89.2800 .000000 89.28 MA0022A .00P Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 40 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LONG-TERM PORTFOLIO6745046601 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 10/25/2024 31417YAY3 310 INTEREST EARNED ON F N M A #MA0022 4.500% 4/01/29 $1 PV ON 13.7600 SHARES DUE 10/25/2024 SEPTEMBER FNMA DUE 10/25/24 .00 .00 .00 .00 .00 .0000 .000000 13.76 MA0022A .00I 10/25/2024 10/25/2024 10/25/2024 31846V567 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 -4,698,448.34 .00 .00-4,698,448.3400 1.000000 4,698,448.34 FGZXX .00P 10/25/2024 10/25/2024 10/25/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 6,350,139.04 .00 .00 6,350,139.0400 1.000000 -6,350,139.04 FGZXX .00P 10/25/2024 10/24/2024 10/25/2024 459058LN1 10 PURCHASED PAR VALUE OF INTL BK 3.875% 10/16/29 /TD SECURITIES (USA) LLC/6,500,000 PAR VALUE AT 99.1197 % .00 .00 6,442,780.50 .00 .00 6,500,000.0000 .991197 -6,442,780.50 .00P 10/25/2024 10/25/2024 459058LN1 300 PAID ACCRUED INTEREST ON PURCHASE OF INTL BK 3.875% 10/16/29 .00 .00 .00 .00 .00 .0000 .000000 -6,296.88 .00I 10/25/2024 10/24/2024 10/25/2024 76116EHL7 10 PURCHASED PAR VALUE OF RESOLUTION FDG STRIP 10/15/28 /STONEX FINANCIAL INC./7,500,000 PAR VALUE AT 85.029 % .00 .00 6,377,175.00 .00 .00 7,500,000.0000 .850290 -6,377,175.00 .00P 10/25/2024 10/24/2024 10/25/2024 91282CAM3 20 SOLD PAR VALUE OF U S TREASURY NT 0.250% 9/30/25 /RBC CAPITAL MARKETS, LLC/4,500,000 PAR VALUE AT 96.35122756 % .00 .00 -4,484,531.25 .00 -148,726.01-4,500,000.0000 .963512 4,335,805.24 .00P 10/25/2024 10/25/2024 91282CAM3 301 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 0.250% 9/30/25 .00 .00 .00 .00 .00 .0000 .000000 772.66 .00I 10/25/2024 10/24/2024 10/25/2024 91282CBC4 20 SOLD PAR VALUE OF U S TREASURY NT 0.375% 12/31/25 /RBC CAPITAL MARKETS, LLC/10,000,000 PAR VALUE AT 95.6285712 % .00 .00 -9,943,320.32 .00 -380,463.20-10,000,000.0000 .956286 9,562,857.12 .00P 10/25/2024 10/25/2024 91282CBC4 301 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 0.375% 12/31/25 .00 .00 .00 .00 .00 .0000 .000000 11,922.55 .00I 10/25/2024 10/24/2024 10/25/2024 912833XP0 10 PURCHASED PAR VALUE OF U S TREAS BD STRIP 8/15/29 /CITIGROUP GLOBAL MARKETS INC./7,750,000 PAR VALUE AT 82.015 % .00 .00 6,356,162.50 .00 .00 7,750,000.0000 .820150 -6,356,162.50 .00P 10/28/2024 10/28/2024 10/28/2024 31846V567 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 -1,881,502.39 .00 .00-1,881,502.3900 1.000000 1,881,502.39 FGZXX .00P 10/28/2024 459058JL8 310 INTEREST EARNED ON INTL BK M T N 0.500% 10/28/25 $1 PV ON 10000000.0000 SHARES DUE 10/28/2024 .00 .00 .00 .00 .00 .0000 .000000 25,000.00 .00I 10/28/2024 10/25/2024 10/28/2024 45906M5K3 10 PURCHASED PAR VALUE OF INTL BK 4.750% 7/30/29 /WELLS FARGO SECURITIES, LLC/XOTC 6,050,000 PAR VALUE AT 100.5639 % .00 .00 6,084,115.95 .00 .00 6,050,000.0000 1.005639 -6,084,115.95 .00P 10/28/2024 10/28/2024 45906M5K3 300 PAID ACCRUED INTEREST ON PURCHASE OF INTL BK 4.750% 7/30/29 .00 .00 .00 .00 .00 .0000 .000000 -70,247.22 .00I 10/28/2024 10/25/2024 10/28/2024 91282CBH3 20 SOLD PAR VALUE OF U S TREASURY NT 0.375% 1/31/26 /J.P. MORGAN SECURITIES LLC/4,450,000 PAR VALUE AT 95.36685258 % .00 .00 -4,406,195.31 .00 -162,370.37-4,450,000.0000 .953669 4,243,824.94 .00P Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 41 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LONG-TERM PORTFOLIO6745046601 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 10/28/2024 10/28/2024 91282CBH3 301 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 0.375% 1/31/26 .00 .00 .00 .00 .00 .0000 .000000 4,035.84 .00I 10/31/2024 10/31/2024 10/31/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 342,031.25 .00 .00 342,031.2500 1.000000 -342,031.25 FGZXX .00P 10/31/2024 91282CDG3 310 INTEREST EARNED ON U S TREASURY NT 1.125% 10/31/26 $1 PV ON 19250000.0000 SHARES DUE 10/31/2024 .00 .00 .00 .00 .00 .0000 .000000 108,281.25 .00I 10/31/2024 91282CEN7 310 INTEREST EARNED ON U S TREASURY NT 2.750% 4/30/27 $1 PV ON 17000000.0000 SHARES DUE 10/31/2024 .00 .00 .00 .00 .00 .0000 .000000 233,750.00 UST2727A .00I 11/01/2024 20030NCH2 310 INTEREST EARNED ON COMCAST CORP 3.550% 5/01/28 $1 PV ON 5000000.0000 SHARES DUE 11/1/2024 .00 .00 .00 .00 .00 .0000 .000000 88,750.00 .00I 11/01/2024 10/31/2024 11/01/2024 3135G03U5 20 SOLD PAR VALUE OF F N M A DEB 0.625% 4/22/25 /NMRIUS33 NOMURA SECS INTL NY/5,000,000 PAR VALUE AT 98.1994 % .00 .00 -4,989,700.00 .00 -79,730.00-5,000,000.0000 .981994 4,909,970.00 .00P 11/01/2024 11/01/2024 3135G03U5 301 RECEIVED ACCRUED INTEREST ON SALE OF F N M A DEB 0.625% 4/22/25 .00 .00 .00 .00 .00 .0000 .000000 781.25 .00I 11/01/2024 11/01/2024 11/01/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 470,679.64 .00 .00 470,679.6400 1.000000 -470,679.64 FGZXX .00P 11/01/2024 11/01/2024 11/01/2024 31846V567 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 -505,186.16 .00 .00-505,186.1600 1.000000 505,186.16 FGZXX .00P 11/01/2024 31846V567 310 INTEREST EARNED ON FIRST AM GOVT OB FD CL Z UNIT ON 0.0000 SHARES DUE 10/31/2024 INTEREST FROM 10/1/24 TO 10/31/24 .00 .00 .00 .00 .00 .0000 .000000 8,318.01 FGZXX .00I 11/01/2024 10/31/2024 11/01/2024 438516CB0 20 SOLD PAR VALUE OF HONEYWELL 1.350% 6/01/25 /TD SECURITIES (USA) LLC/1,500,000 PAR VALUE AT 98.15 % .00 .00 -1,535,700.00 .00 -63,450.00-1,500,000.0000 .981500 1,472,250.00 .00P 11/01/2024 11/01/2024 438516CB0 301 RECEIVED ACCRUED INTEREST ON SALE OF HONEYWELL 1.350% 6/01/25 .00 .00 .00 .00 .00 .0000 .000000 8,437.50 .00I 11/01/2024 10/31/2024 11/01/2024 459058JB0 20 SOLD PAR VALUE OF INTL BK M T N 0.626% 4/22/25 /CITIGROUP GLOBAL MARKETS INC./6,245,000 PAR VALUE AT 98.171 % .00 .00 -6,220,831.85 .00 -90,052.90-6,245,000.0000 .981710 6,130,778.95 IBM0625 .00P 11/01/2024 11/01/2024 459058JB0 301 RECEIVED ACCRUED INTEREST ON SALE OF INTL BK M T N 0.626% 4/22/25 .00 .00 .00 .00 .00 .0000 .000000 975.78 IBM0625 .00I 11/01/2024 10/31/2024 11/01/2024 912833XP0 10 PURCHASED PAR VALUE OF U S TREAS BD STRIP 8/15/29 /MORGAN STANLEY & CO. LLC/15,500,000 PAR VALUE AT 81.59 % .00 .00 12,646,450.00 .00 .00 15,500,000.0000 .815900 -12,646,450.00 .00P 11/04/2024 11/04/2024 11/04/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 8,318.01 .00 .00 8,318.0100 1.000000 -8,318.01 FGZXX .00P Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 42 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LONG-TERM PORTFOLIO6745046601 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 11/06/2024 11/06/2024 11/06/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 950,808.61 .00 .00 950,808.6100 1.000000 -950,808.61 FGZXX .00P 11/06/2024 11/06/2024 11/06/2024 31846V567 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 -478,997.65 .00 .00-478,997.6500 1.000000 478,997.65 FGZXX .00P 11/06/2024 11/05/2024 11/06/2024 4581X0DN5 20 SOLD PAR VALUE OF INTER AMER BK M T N 0.625% 7/15/25 /JPMSGB2L JP MORGAN SEC LONDON/5,050,000 PAR VALUE AT 97.413 % .00 .00 -5,071,967.50 .00 -152,611.00-5,050,000.0000 .974130 4,919,356.50 .00P 11/06/2024 11/06/2024 4581X0DN5 301 RECEIVED ACCRUED INTEREST ON SALE OF INTER AMER BK M T N 0.625% 7/15/25 .00 .00 .00 .00 .00 .0000 .000000 9,731.77 .00I 11/06/2024 11/05/2024 11/06/2024 92348KBG7 10 PURCHASED PAR VALUE OF VERIZON MASTER TR 4.490% 1/22/29 /CITIGROUP GLOBAL MARKETS INC./4,455,000 PAR VALUE AT 99.85156251 % .00 .00 4,448,387.11 .00 .00 4,455,000.0000 .998516 -4,448,387.11 .00P 11/06/2024 11/06/2024 92348KBG7 300 PAID ACCRUED INTEREST ON PURCHASE OF VERIZON MASTER TR 4.490% 1/22/29 .00 .00 .00 .00 .00 .0000 .000000 -8,890.20 .00I 11/07/2024 3135G06G3 310 INTEREST EARNED ON F N M A 0.500% 11/07/25 $1 PV ON 8255000.0000 SHARES DUE 11/7/2024 .00 .00 .00 .00 .00 .0000 .000000 20,637.50 .00I 11/07/2024 11/07/2024 11/07/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 20,637.50 .00 .00 20,637.5000 1.000000 -20,637.50 FGZXX .00P 11/13/2024 11/13/2024 11/13/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 20,312.50 .00 .00 20,312.5000 1.000000 -20,312.50 FGZXX .00P 11/13/2024 40139LBD4 310 INTEREST EARNED ON GUARDIAN LIFE MTN 1.250% 5/13/26 $1 PV ON 3250000.0000 SHARES DUE 11/13/2024 .00 .00 .00 .00 .00 .0000 .000000 20,312.50 .00I 11/15/2024 02582JJT8 310 INTEREST EARNED ON AMERICAN EXPRESS 3.390% 5/17/27 $1 PV ON 18701.5000 SHARES DUE 11/15/2024 $0.00283/PV ON 6,620,000.00 PV DUE 11/15/24 .00 .00 .00 .00 .00 .0000 .000000 18,701.50 .00I 11/15/2024 02582JJV3 310 INTEREST EARNED ON AMERICAN EXPRESS 3.750% 8/16/27 $1 PV ON 6250.0000 SHARES DUE 11/15/2024 $0.00313/PV ON 2,000,000.00 PV DUE 11/15/24 .00 .00 .00 .00 .00 .0000 .000000 6,250.00 .00I 11/15/2024 161571HV9 310 INTEREST EARNED ON CHASE ISSUE TR 4.600% 1/16/29 $1 PV ON 30820.0000 SHARES DUE 11/15/2024 $0.00383/PV ON 8,040,000.00 PV DUE 11/15/24 .00 .00 .00 .00 .00 .0000 .000000 30,820.00 .00I 11/15/2024 3133TCE95 310 INTEREST EARNED ON F H L M C MLTCL MTG 4.762% 8/15/32 $1 PV ON 7.1600 SHARES DUE 11/15/2024 $0.00397/PV ON 1,805.35 PV DUE 11/15/24 .00 .00 .00 .00 .00 .0000 .000000 7.16 FHL3032 .00I 11/15/2024 11/15/2024 11/15/2024 3133TCE95 20 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 4.762% 8/15/32 .00 .00 -35.84 .00 -.04-35.8000 .000000 35.80 FHL3032 .00P Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 43 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LONG-TERM PORTFOLIO6745046601 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 11/15/2024 11/15/2024 11/15/2024 31348SWZ3 20 PAID DOWN PAR VALUE OF F H L M C #786064 6.262% 1/01/28 OCTOBER FHLMC DUE 11/15/24 .00 .00 -6.43 .00 .16-6.5900 .000000 6.59 786064F .00P 11/15/2024 31348SWZ3 310 INTEREST EARNED ON F H L M C #786064 6.262% 1/01/28 $1 PV ON 1.5000 SHARES DUE 11/15/2024 SEPTEMBER FHLMC DUE 11/15/24 .00 .00 .00 .00 .00 .0000 .000000 1.50 786064F .00I 11/15/2024 11/15/2024 11/15/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 813,618.50 .00 .00 813,618.5000 1.000000 -813,618.50 FGZXX .00P 11/15/2024 43815BAC4 310 INTEREST EARNED ON HONDA AUTO REC OWN 1.880% 5/15/26 $1 PV ON 2528.1800 SHARES DUE 11/15/2024 $0.00157/PV ON 1,613,732.68 PV DUE 11/15/24 .00 .00 .00 .00 .00 .0000 .000000 2,528.18 HAR1826 .00I 11/15/2024 11/15/2024 11/15/2024 43815BAC4 20 PAID DOWN PAR VALUE OF HONDA AUTO REC OWN 1.880% 5/15/26 .00 .00 -194,236.89 .00 29.22-194,266.1100 .371350 194,266.11 HAR1826 .00P 11/15/2024 43816DAC9 310 INTEREST EARNED ON HONDA AUTO 3.031% 3/15/29 $1 PV ON 4983.4700 SHARES DUE 11/15/2024 $0.00253/PV ON 1,973,000.00 PV DUE 11/15/24 .00 .00 .00 .00 .00 .0000 .000000 4,983.47 .00I 11/15/2024 47800AAC4 310 INTEREST EARNED ON JOHN DEERE OWNR TR 3.740% 2/16/27 $1 PV ON 6922.5300 SHARES DUE 11/15/2024 $0.00312/PV ON 2,221,132.98 PV DUE 11/15/24 .00 .00 .00 .00 .00 .0000 .000000 6,922.53 JDO6827 .00I 11/15/2024 11/15/2024 11/15/2024 47800AAC4 20 PAID DOWN PAR VALUE OF JOHN DEERE OWNR TR 3.740% 2/16/27 .00 .00 -183,867.25 .00 17.56-183,884.8100 .392315 183,884.81 JDO6827 .00P 11/15/2024 47800BAC2 310 INTEREST EARNED ON JOHN DEERE OWNER 5.090% 6/15/27 $1 PV ON 14660.8000 SHARES DUE 11/15/2024 $0.00424/PV ON 3,456,376.43 PV DUE 11/15/24 .00 .00 .00 .00 .00 .0000 .000000 14,660.80 JDO5027 .00I 11/15/2024 11/15/2024 11/15/2024 47800BAC2 20 PAID DOWN PAR VALUE OF JOHN DEERE OWNER 5.090% 6/15/27 .00 .00 -220,001.73 .00 17.07-220,018.8000 .327884 220,018.80 JDO5027 .00P 11/15/2024 91324PEC2 310 INTEREST EARNED ON UNITEDHEALTH 1.150% 5/15/26 $1 PV ON 4000000.0000 SHARES DUE 11/15/2024 .00 .00 .00 .00 .00 .0000 .000000 23,000.00 .00I 11/15/2024 927804GH1 310 INTEREST EARNED ON VIRGINIA ELEC PWR CO 3.750% 5/15/27 $1 PV ON 5735000.0000 SHARES DUE 11/15/2024 .00 .00 .00 .00 .00 .0000 .000000 107,531.25 .00I 11/18/2024 06406HCQ0 310 INTEREST EARNED ON BANK OF NEW YORK MTN 3.950% 11/18/25 $1 PV ON 1500000.0000 SHARES DUE 11/18/2024 .00 .00 .00 .00 .00 .0000 .000000 29,625.00 .00I 11/18/2024 11/18/2024 11/18/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 171,375.00 .00 .00 171,375.0000 1.000000 -171,375.00 FGZXX .00P 11/18/2024 58933YBH7 310 INTEREST EARNED ON MERCK CO INC 4.050% 5/17/28 $1 PV ON 7000000.0000 SHARES DUE 11/17/2024 .00 .00 .00 .00 .00 .0000 .000000 141,750.00 .00I Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 44 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LONG-TERM PORTFOLIO6745046601 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 11/20/2024 11/20/2024 11/20/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 17,200.86 .00 .00 17,200.8600 1.000000 -17,200.86 FGZXX .00P 11/20/2024 11/20/2024 11/20/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 181.72 .00 .00 181.7200 1.000000 -181.72 FGZXX .00P 11/20/2024 11/20/2024 11/20/2024 36225CAZ9 20 PAID DOWN PAR VALUE OF G N M A I I #080023 3.750% 12/20/26 OCTOBER GNMA DUE 11/20/24 .00 .00 -93.42 .00 -1.52-91.9000 .000000 91.90 080023M .00P 11/20/2024 36225CAZ9 310 INTEREST EARNED ON G N M A I I #080023 3.750% 12/20/26 $1 PV ON 7.1700 SHARES DUE 11/20/2024 OCTOBER GNMA DUE 11/20/24 .00 .00 .00 .00 .00 .0000 .000000 7.17 080023M .00I 11/20/2024 11/20/2024 11/20/2024 36225CC20 20 PAID DOWN PAR VALUE OF G N M A I I #080088 5.000% 6/20/27 OCTOBER GNMA DUE 11/20/24 .00 .00 -89.19 .00 -1.91-87.2800 .000000 87.28 080088M .00P 11/20/2024 36225CC20 310 INTEREST EARNED ON G N M A I I #080088 5.000% 6/20/27 $1 PV ON 11.5800 SHARES DUE 11/20/2024 OCTOBER GNMA DUE 11/20/24 .00 .00 .00 .00 .00 .0000 .000000 11.58 080088M .00I 11/20/2024 11/20/2024 11/20/2024 36225CN28 20 PAID DOWN PAR VALUE OF G N M A I I #080408 4.875% 5/20/30 OCTOBER GNMA DUE 11/20/24 .00 .00 -230.46 .00 2.36-232.8200 .000000 232.82 080408M .00P 11/20/2024 36225CN28 310 INTEREST EARNED ON G N M A I I #080408 4.875% 5/20/30 $1 PV ON 68.1400 SHARES DUE 11/20/2024 OCTOBER GNMA DUE 11/20/24 .00 .00 .00 .00 .00 .0000 .000000 68.14 080408M .00I 11/20/2024 11/20/2024 11/20/2024 36225CNM4 20 PAID DOWN PAR VALUE OF G N M A I I #080395 4.875% 4/20/30 OCTOBER GNMA DUE 11/20/24 .00 .00 -25.35 .00 .23-25.5800 .000000 25.58 080395M .00P 11/20/2024 36225CNM4 310 INTEREST EARNED ON G N M A I I #080395 4.875% 4/20/30 $1 PV ON 7.2600 SHARES DUE 11/20/2024 OCTOBER GNMA DUE 11/20/24 .00 .00 .00 .00 .00 .0000 .000000 7.26 080395M .00I 11/20/2024 11/20/2024 11/20/2024 36225DCB8 20 PAID DOWN PAR VALUE OF G N M A I I #080965 4.625% 7/20/34 P & I DUE 11/20/24 .00 .00 -125.96 .00 .08-126.0400 .000000 126.04 080965M .00P 11/20/2024 36225DCB8 310 INTEREST EARNED ON G N M A I I #080965 4.625% 7/20/34 $1 PV ON 55.6800 SHARES DUE 11/20/2024 P & I DUE 11/20/24 .00 .00 .00 .00 .00 .0000 .000000 55.68 080965M .00I 11/20/2024 92348KBG7 310 INTEREST EARNED ON VERIZON MASTER TR 4.490% 1/22/29 $1 PV ON 16669.1300 SHARES DUE 11/20/2024 $0.00374/PV ON 4,455,000.00 PV DUE 11/20/24 .00 .00 .00 .00 .00 .0000 .000000 16,669.13 .00I 11/22/2024 11/21/2024 11/22/2024 084664CZ2 20 SOLD PAR VALUE OF BERKSHIRE HATHAWAY 2.300% 3/15/27 /USBCUS31 US BANCORP INVEST US/6,875,000 PAR VALUE AT 95.509 % .00 .00 -6,873,693.75 .00 -307,450.00-6,875,000.0000 .955090 6,566,243.75 .00P 11/22/2024 11/22/2024 084664CZ2 301 RECEIVED ACCRUED INTEREST ON SALE OF BERKSHIRE HATHAWAY 2.300% 3/15/27 .00 .00 .00 .00 .00 .0000 .000000 29,428.82 .00I 11/22/2024 11/21/2024 11/22/2024 17325FBK3 10 PURCHASED PAR VALUE OF CITIBANK N A 4.838% 8/06/29 /CITIGROUP GLOBAL MARKETS INC./XOTC 7,500,000 PAR VALUE AT 100.023 % .00 .00 7,501,725.00 .00 .00 7,500,000.0000 1.000230 -7,501,725.00 .00P Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 45 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LONG-TERM PORTFOLIO6745046601 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 11/22/2024 11/22/2024 17325FBK3 300 PAID ACCRUED INTEREST ON PURCHASE OF CITIBANK N A 4.838% 8/06/29 .00 .00 .00 .00 .00 .0000 .000000 -106,839.17 .00I 11/22/2024 11/22/2024 11/22/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 10,526,581.06 .00 .00 10,526,581.0600 1.000000 -10,526,581.06 FGZXX .00P 11/22/2024 11/21/2024 11/22/2024 91282CGC9 20 SOLD PAR VALUE OF U S TREASURY NT 3.875% 12/31/27 /MORGAN STANLEY & CO. LLC/11,500,000 PAR VALUE AT 98.81640626 % .00 .00 -11,608,320.32 .00 -244,433.60-11,500,000.0000 .988164 11,363,886.72 UST3827 .00P 11/22/2024 11/22/2024 91282CGC9 301 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 3.875% 12/31/27 .00 .00 .00 .00 .00 .0000 .000000 175,585.94 UST3827 .00I 11/25/2024 05592XAD2 310 INTEREST EARNED ON BMW VEH OWNER TR 5.470% 2/25/28 $1 PV ON 6450.0400 SHARES DUE 11/25/2024 $0.00456/PV ON 1,415,000.00 PV DUE 11/25/24 .00 .00 .00 .00 .00 .0000 .000000 6,450.04 BVO5428 .00I 11/25/2024 3136AJZP4 310 INTEREST EARNED ON F N M A GTD REMIC 1.500% 4/25/29 $1 PV ON 1255.8600 SHARES DUE 11/25/2024 $0.00125/PV ON 1,004,694.24 PV DUE 11/25/24 .00 .00 .00 .00 .00 .0000 .000000 1,255.86 .00I 11/25/2024 11/25/2024 11/25/2024 3136AJZP4 20 PAID DOWN PAR VALUE OF F N M A GTD REMIC 1.500% 4/25/29 .00 .00 -40,174.89 3,802.23 .00-43,977.1200 .000000 43,977.12 .00P 11/25/2024 11/25/2024 11/25/2024 31371NUC7 20 PAID DOWN PAR VALUE OF F N M A #257179 4.500% 4/01/28 OCTOBER FNMA DUE 11/25/24 .00 .00 -104.32 .00 -5.68-98.6400 .000000 98.64 257179A .00P 11/25/2024 31371NUC7 310 INTEREST EARNED ON F N M A #257179 4.500% 4/01/28 $1 PV ON 10.8400 SHARES DUE 11/25/2024 OCTOBER FNMA DUE 11/25/24 .00 .00 .00 .00 .00 .0000 .000000 10.84 257179A .00I 11/25/2024 11/25/2024 11/25/2024 31376KT22 20 PAID DOWN PAR VALUE OF F N M A #357969 5.000% 9/01/35 OCTOBER FNMA DUE 11/25/24 .00 .00 -264.42 .00 -18.45-245.9700 .000000 245.97 357969A .00P 11/25/2024 31376KT22 310 INTEREST EARNED ON F N M A #357969 5.000% 9/01/35 $1 PV ON 133.8000 SHARES DUE 11/25/2024 OCTOBER FNMA DUE 11/25/24 .00 .00 .00 .00 .00 .0000 .000000 133.80 357969A .00I 11/25/2024 3137BSRE5 310 INTEREST EARNED ON F H L M C MLTCL MTG 3.120% 9/25/26 $1 PV ON 13000.0000 SHARES DUE 11/25/2024 $0.00260/PV ON 5,000,000.00 PV DUE 11/25/24 .00 .00 .00 .00 .00 .0000 .000000 13,000.00 .00I 11/25/2024 3137FETN0 310 INTEREST EARNED ON F H L M C MLTCL MT 3.350% 1/25/28 $1 PV ON 15186.6600 SHARES DUE 11/25/2024 $0.00279/PV ON 5,440,000.00 PV DUE 11/25/24 .00 .00 .00 .00 .00 .0000 .000000 15,186.66 FHL0428B .00I 11/25/2024 3137FG6X8 310 INTEREST EARNED ON F H L M C MLTCL MT 3.850% 5/25/28 $1 PV ON 23260.4100 SHARES DUE 11/25/2024 $0.00321/PV ON 7,250,000.00 PV DUE 11/25/24 .00 .00 .00 .00 .00 .0000 .000000 23,260.41 FHL3828B .00I 11/25/2024 11/25/2024 11/25/2024 3138EG6F6 20 PAID DOWN PAR VALUE OF F N M A #AL0869 4.500% 6/01/29 OCTOBER FNMA DUE 11/25/24 .00 .00 -70.15 .00 -3.82-66.3300 .000000 66.33 AL0869A .00P Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 46 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LONG-TERM PORTFOLIO6745046601 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 11/25/2024 3138EG6F6 310 INTEREST EARNED ON F N M A #AL0869 4.500% 6/01/29 $1 PV ON 8.1200 SHARES DUE 11/25/2024 OCTOBER FNMA DUE 11/25/24 .00 .00 .00 .00 .00 .0000 .000000 8.12 AL0869A .00I 11/25/2024 31394JY35 310 INTEREST EARNED ON F H L M C MLTCL MT 6.49999% 9/25/43 $1 PV ON 1743.1000 SHARES DUE 11/25/2024 $0.00542/PV ON 321,803.68 PV DUE 11/25/24 .00 .00 .00 .00 .00 .0000 .000000 1,743.10 FHL9543 .00I 11/25/2024 11/25/2024 11/25/2024 31394JY35 20 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 6.49999% 9/25/43 .00 .00 -2,295.32 .00 -268.55-2,026.7700 111.500664 2,026.77 FHL9543 .00P 11/25/2024 31397QRE0 310 INTEREST EARNED ON F N M A GTD REMIC 2.472% 2/25/41 $1 PV ON 287.0800 SHARES DUE 11/25/2024 $0.00471/PV ON 60,959.27 PV DUE 11/25/24 .00 .00 .00 .00 .00 .0000 .000000 287.08 FNM2841 .00I 11/25/2024 11/25/2024 11/25/2024 31397QRE0 20 PAID DOWN PAR VALUE OF F N M A GTD REMIC 2.472% 2/25/41 .00 .00 -706.89 .00 .22-707.1100 319.591294 707.11 FNM2841 .00P 11/25/2024 11/25/2024 11/25/2024 31403DJZ3 20 PAID DOWN PAR VALUE OF F N M A #745580 5.000% 6/01/36 OCTOBER FNMA DUE 11/25/24 .00 .00 -357.70 .00 -24.96-332.7400 .000000 332.74 745580A .00P 11/25/2024 31403DJZ3 310 INTEREST EARNED ON F N M A #745580 5.000% 6/01/36 $1 PV ON 136.7300 SHARES DUE 11/25/2024 OCTOBER FNMA DUE 11/25/24 .00 .00 .00 .00 .00 .0000 .000000 136.73 745580A .00I 11/25/2024 11/25/2024 11/25/2024 31403GXF4 20 PAID DOWN PAR VALUE OF F N M A #748678 5.000% 10/01/33 OCTOBER FNMA DUE 11/25/24 .00 .00 -3.56 .00 -.25-3.3100 .000000 3.31 748678A .00P 11/25/2024 31403GXF4 310 INTEREST EARNED ON F N M A #748678 5.000% 10/01/33 $1 PV ON 1.7900 SHARES DUE 11/25/2024 OCTOBER FNMA DUE 11/25/24 .00 .00 .00 .00 .00 .0000 .000000 1.79 748678A .00I 11/25/2024 11/25/2024 11/25/2024 31406PQY8 20 PAID DOWN PAR VALUE OF F N M A #815971 5.000% 3/01/35 OCTOBER FNMA DUE 11/25/24 .00 .00 -341.65 .00 -23.84-317.8100 .000000 317.81 815971A .00P 11/25/2024 31406PQY8 310 INTEREST EARNED ON F N M A #815971 5.000% 3/01/35 $1 PV ON 180.7700 SHARES DUE 11/25/2024 OCTOBER FNMA DUE 11/25/24 .00 .00 .00 .00 .00 .0000 .000000 180.77 815971A .00I 11/25/2024 11/25/2024 11/25/2024 31406XWT5 20 PAID DOWN PAR VALUE OF F N M A #823358 5.960% 2/01/35 OCTOBER FNMA DUE 11/25/24 .00 .00 -131.09 .00 1.03-132.1200 .000000 132.12 823358A .00P 11/25/2024 31406XWT5 310 INTEREST EARNED ON F N M A #823358 5.960% 2/01/35 $1 PV ON 61.8100 SHARES DUE 11/25/2024 OCTOBER FNMA DUE 11/25/24 .00 .00 .00 .00 .00 .0000 .000000 61.81 823358A .00I 11/25/2024 11/25/2024 11/25/2024 31407BXH7 20 PAID DOWN PAR VALUE OF F N M A #826080 5.000% 7/01/35 OCTOBER FNMA DUE 11/25/24 .00 .00 -140.88 .00 -9.83-131.0500 .000000 131.05 826080A .00P 11/25/2024 31407BXH7 310 INTEREST EARNED ON F N M A #826080 5.000% 7/01/35 $1 PV ON 26.3900 SHARES DUE 11/25/2024 OCTOBER FNMA DUE 11/25/24 .00 .00 .00 .00 .00 .0000 .000000 26.39 826080A .00I Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 47 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LONG-TERM PORTFOLIO6745046601 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 11/25/2024 11/25/2024 11/25/2024 31410F4V4 20 PAID DOWN PAR VALUE OF F N M A #888336 5.000% 7/01/36 OCTOBER FNMA DUE 11/25/24 .00 .00 -543.58 .00 -37.92-505.6600 .000000 505.66 888336A .00P 11/25/2024 31410F4V4 310 INTEREST EARNED ON F N M A #888336 5.000% 7/01/36 $1 PV ON 226.6700 SHARES DUE 11/25/2024 OCTOBER FNMA DUE 11/25/24 .00 .00 .00 .00 .00 .0000 .000000 226.67 888336A .00I 11/25/2024 11/25/2024 11/25/2024 31417YAY3 20 PAID DOWN PAR VALUE OF F N M A #MA0022 4.500% 4/01/29 OCTOBER FNMA DUE 11/25/24 .00 .00 -143.28 .00 -7.80-135.4800 .000000 135.48 MA0022A .00P 11/25/2024 31417YAY3 310 INTEREST EARNED ON F N M A #MA0022 4.500% 4/01/29 $1 PV ON 13.4300 SHARES DUE 11/25/2024 OCTOBER FNMA DUE 11/25/24 .00 .00 .00 .00 .00 .0000 .000000 13.43 MA0022A .00I 11/25/2024 11/25/2024 11/25/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 6,450.04 .00 .00 6,450.0400 1.000000 -6,450.04 FGZXX .00P 11/25/2024 11/25/2024 11/25/2024 31846V567 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 -12,395,786.43 .00 .00-12,395,786.4300 1.000000 12,395,786.43 FGZXX .00P 11/25/2024 11/20/2024 11/25/2024 857449AC6 10 PURCHASED PAR VALUE OF STATE STREET BANK 4.594% 11/25/26 /MORGAN STANLEY & CO. LLC/12,500,000 PAR VALUE AT 100 % .00 .00 12,500,000.00 .00 .00 12,500,000.0000 1.000000 -12,500,000.00 .00P 11/27/2024 11/27/2024 11/27/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 7,412,303.89 .00 .00 7,412,303.8900 1.000000 -7,412,303.89 FGZXX .00P 11/27/2024 11/26/2024 11/27/2024 438516CB0 20 SOLD PAR VALUE OF HONEYWELL 1.350% 6/01/25 /RBC CAPITAL MARKETS, LLC/3,500,000 PAR VALUE AT 98.315 % .00 .00 -3,583,300.00 .00 -142,275.00-3,500,000.0000 .983150 3,441,025.00 .00P 11/27/2024 11/27/2024 438516CB0 301 RECEIVED ACCRUED INTEREST ON SALE OF HONEYWELL 1.350% 6/01/25 .00 .00 .00 .00 .00 .0000 .000000 23,100.00 .00I 11/27/2024 11/26/2024 11/27/2024 78015K7H1 20 SOLD PAR VALUE OF ROYAL BANK OF MTN 1.150% 6/10/25 /RBC CAPITAL MARKETS, LLC/4,000,000 PAR VALUE AT 98.171 % .00 .00 -4,013,620.00 .00 -86,780.00-4,000,000.0000 .981710 3,926,840.00 .00P 11/27/2024 11/27/2024 78015K7H1 301 RECEIVED ACCRUED INTEREST ON SALE OF ROYAL BANK OF MTN 1.150% 6/10/25 .00 .00 .00 .00 .00 .0000 .000000 21,338.89 .00I 12/02/2024 12/02/2024 12/02/2024 31846V567 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 -6,910,388.89 .00 .00-6,910,388.8900 1.000000 6,910,388.89 FGZXX .00P 12/02/2024 31846V567 310 INTEREST EARNED ON FIRST AM GOVT OB FD CL Z UNIT ON 0.0000 SHARES DUE 11/30/2024 INTEREST FROM 11/1/24 TO 11/30/24 .00 .00 .00 .00 .00 .0000 .000000 11,486.80 FGZXX .00I 12/02/2024 11/29/2024 12/02/2024 459058JL8 20 SOLD PAR VALUE OF INTL BK M T N 0.500% 10/28/25 /JPMSGB2L JP MORGAN SEC LONDON/8,000,000 PAR VALUE AT 96.516 % .00 .00 -7,973,238.40 .00 -251,958.40-8,000,000.0000 .965160 7,721,280.00 .00P 12/02/2024 12/02/2024 459058JL8 301 RECEIVED ACCRUED INTEREST ON SALE OF INTL BK M T N 0.500% 10/28/25 .00 .00 .00 .00 .00 .0000 .000000 3,777.78 .00I Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 48 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LONG-TERM PORTFOLIO6745046601 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 12/02/2024 91282CCF6 310 INTEREST EARNED ON U S TREASURY NT 0.750% 5/31/26 $1 PV ON 7500000.0000 SHARES DUE 11/30/2024 .00 .00 .00 .00 .00 .0000 .000000 28,125.00 .00I 12/02/2024 11/29/2024 12/02/2024 91282CCR0 10 PURCHASED PAR VALUE OF U S TREASURY NT 1.000% 7/31/28 /WELLS FARGO SECURITIES, LLC/17,000,000 PAR VALUE AT 89.50390624 % .00 .00 15,215,664.06 .00 .00 17,000,000.0000 .895039 -15,215,664.06 .00P 12/02/2024 12/02/2024 91282CCR0 300 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 1.000% 7/31/28 .00 .00 .00 .00 .00 .0000 .000000 -57,282.61 .00I 12/02/2024 91282CHE4 310 INTEREST EARNED ON U S TREASURY NT 3.625% 5/31/28 $1 PV ON 12500000.0000 SHARES DUE 11/30/2024 .00 .00 .00 .00 .00 .0000 .000000 226,562.50 .00I 12/02/2024 91282CJN2 310 INTEREST EARNED ON U S TREASURY NT 4.375% 11/30/28 $1 PV ON 17500000.0000 SHARES DUE 11/30/2024 .00 .00 .00 .00 .00 .0000 .000000 382,812.50 .00I 12/03/2024 12/03/2024 12/03/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 11,486.80 .00 .00 11,486.8000 1.000000 -11,486.80 FGZXX .00P 12/09/2024 3130AWMN7 310 INTEREST EARNED ON F H L B DEB 4.375% 6/09/28 $1 PV ON 2500000.0000 SHARES DUE 12/9/2024 .00 .00 .00 .00 .00 .0000 .000000 54,687.50 .00I 12/09/2024 12/09/2024 12/09/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 54,687.50 .00 .00 54,687.5000 1.000000 -54,687.50 FGZXX .00P 12/13/2024 06406RBG1 310 INTEREST EARNED ON BANK NEW YORK MTN 3.992% 6/13/28 $1 PV ON 2500000.0000 SHARES DUE 12/13/2024 .00 .00 .00 .00 .00 .0000 .000000 49,900.00 .00I 12/13/2024 12/13/2024 12/13/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 49,900.00 .00 .00 49,900.0000 1.000000 -49,900.00 FGZXX .00P 12/16/2024 02582JJT8 310 INTEREST EARNED ON AMERICAN EXPRESS 3.390% 5/17/27 $1 PV ON 18701.5000 SHARES DUE 12/15/2024 $0.00283/PV ON 6,620,000.00 PV DUE 12/15/24 .00 .00 .00 .00 .00 .0000 .000000 18,701.50 .00I 12/16/2024 02582JJV3 310 INTEREST EARNED ON AMERICAN EXPRESS 3.750% 8/16/27 $1 PV ON 6250.0000 SHARES DUE 12/15/2024 $0.00313/PV ON 2,000,000.00 PV DUE 12/15/24 .00 .00 .00 .00 .00 .0000 .000000 6,250.00 .00I 12/16/2024 161571HV9 310 INTEREST EARNED ON CHASE ISSUE TR 4.600% 1/16/29 $1 PV ON 30820.0000 SHARES DUE 12/15/2024 $0.00383/PV ON 8,040,000.00 PV DUE 12/15/24 .00 .00 .00 .00 .00 .0000 .000000 30,820.00 .00I 12/16/2024 3133TCE95 310 INTEREST EARNED ON F H L M C MLTCL MTG 4.789% 8/15/32 $1 PV ON 7.0600 SHARES DUE 12/15/2024 $0.00399/PV ON 1,769.55 PV DUE 12/15/24 .00 .00 .00 .00 .00 .0000 .000000 7.06 FHL3032 .00I 12/16/2024 12/15/2024 12/16/2024 3133TCE95 20 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 4.789% 8/15/32 .00 .00 -44.90 .00 -.05-44.8500 .000000 44.85 FHL3032 .00P Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 49 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LONG-TERM PORTFOLIO6745046601 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 12/16/2024 12/15/2024 12/16/2024 31348SWZ3 20 PAID DOWN PAR VALUE OF F H L M C #786064 6.262% 1/01/28 NOVEMBER FHLMC DUE 12/15/24 .00 .00 -6.47 .00 .16-6.6300 .000000 6.63 786064F .00P 12/16/2024 31348SWZ3 310 INTEREST EARNED ON F H L M C #786064 6.262% 1/01/28 $1 PV ON 1.4600 SHARES DUE 12/15/2024 OCTOBER FHLMC DUE 12/15/24 .00 .00 .00 .00 .00 .0000 .000000 1.46 786064F .00I 12/16/2024 12/16/2024 12/16/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 7,119.24 .00 .00 7,119.2400 1.000000 -7,119.24 FGZXX .00P 12/16/2024 12/16/2024 12/16/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 664,690.61 .00 .00 664,690.6100 1.000000 -664,690.61 FGZXX .00P 12/16/2024 43815BAC4 310 INTEREST EARNED ON HONDA AUTO REC OWN 1.880% 5/15/26 $1 PV ON 2223.8300 SHARES DUE 12/15/2024 $0.00157/PV ON 1,419,466.57 PV DUE 12/15/24 .00 .00 .00 .00 .00 .0000 .000000 2,223.83 HAR1826 .00I 12/16/2024 12/15/2024 12/16/2024 43815BAC4 20 PAID DOWN PAR VALUE OF HONDA AUTO REC OWN 1.880% 5/15/26 .00 .00 -179,854.32 .00 27.05-179,881.3700 .647938 179,881.37 HAR1826 .00P 12/16/2024 43816DAC9 310 INTEREST EARNED ON HONDA AUTO 4.330% 3/15/29 $1 PV ON 7119.2400 SHARES DUE 12/15/2024 $0.00361/PV ON 1,973,000.00 PV DUE 12/15/24 .00 .00 .00 .00 .00 .0000 .000000 7,119.24 .00I 12/16/2024 47800AAC4 310 INTEREST EARNED ON JOHN DEERE OWNR TR 3.740% 2/16/27 $1 PV ON 6349.4200 SHARES DUE 12/15/2024 $0.00312/PV ON 2,037,248.17 PV DUE 12/15/24 .00 .00 .00 .00 .00 .0000 .000000 6,349.42 JDO6827 .00I 12/16/2024 12/15/2024 12/16/2024 47800AAC4 20 PAID DOWN PAR VALUE OF JOHN DEERE OWNR TR 3.740% 2/16/27 .00 .00 -120,403.83 .00 11.50-120,415.3300 .967917 120,415.33 JDO6827 .00P 12/16/2024 47800BAC2 310 INTEREST EARNED ON JOHN DEERE OWNER 5.090% 6/15/27 $1 PV ON 13727.5500 SHARES DUE 12/15/2024 $0.00424/PV ON 3,236,357.63 PV DUE 12/15/24 .00 .00 .00 .00 .00 .0000 .000000 13,727.55 JDO5027 .00I 12/16/2024 12/15/2024 12/16/2024 47800BAC2 20 PAID DOWN PAR VALUE OF JOHN DEERE OWNER 5.090% 6/15/27 .00 .00 -156,999.43 .00 12.18-157,011.6100 .742315 157,011.61 JDO5027 .00P 12/16/2024 756109BS2 310 INTEREST EARNED ON REALTY INCOME CORP 4.700% 12/15/28 $1 PV ON 5500000.0000 SHARES DUE 12/15/2024 .00 .00 .00 .00 .00 .0000 .000000 129,250.00 .00I 12/17/2024 3135G04Z3 310 INTEREST EARNED ON F N M A 0.500% 6/17/25 $1 PV ON 9905000.0000 SHARES DUE 12/17/2024 .00 .00 .00 .00 .00 .0000 .000000 24,762.50 .00I 12/17/2024 12/17/2024 12/17/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 24,762.50 .00 .00 24,762.5000 1.000000 -24,762.50 FGZXX .00P 12/18/2024 12/18/2024 12/18/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 40,978.13 .00 .00 40,978.1300 1.000000 -40,978.13 FGZXX .00P Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 50 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LONG-TERM PORTFOLIO6745046601 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 12/18/2024 89236TJK2 310 INTEREST EARNED ON TOYOTA MTR CR MTN 1.125% 6/18/26 $1 PV ON 7285000.0000 SHARES DUE 12/18/2024 .00 .00 .00 .00 .00 .0000 .000000 40,978.13 .00I 12/19/2024 06051GJD2 310 INTEREST EARNED ON BANK AMER CORP MTN 1.319% 6/19/26 $1 PV ON 2250000.0000 SHARES DUE 12/19/2024 .00 .00 .00 .00 .00 .0000 .000000 14,838.75 .00I 12/19/2024 31846V567 330 CASH RECEIPT SHORT-TERM CAPITAL GAIN DIV FIRST AM GOVT OB FD CL Z STCG PAYABLE 12/19/24 .00 .00 .00 .00 .00 .0000 .000000 6.51 FGZXX .00I 12/19/2024 12/19/2024 12/19/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 6.51 .00 .00 6.5100 1.000000 -6.51 FGZXX .00P 12/19/2024 12/19/2024 12/19/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 14,838.75 .00 .00 14,838.7500 1.000000 -14,838.75 FGZXX .00P 12/20/2024 12/20/2024 12/20/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 17,579.31 .00 .00 17,579.3100 1.000000 -17,579.31 FGZXX .00P 12/20/2024 12/20/2024 12/20/2024 36225CAZ9 20 PAID DOWN PAR VALUE OF G N M A I I #080023 3.750% 12/20/26 NOVEMBER GNMA DUE 12/20/24 .00 .00 -93.77 .00 -1.52-92.2500 .000000 92.25 080023M .00P 12/20/2024 36225CAZ9 310 INTEREST EARNED ON G N M A I I #080023 3.750% 12/20/26 $1 PV ON 6.8800 SHARES DUE 12/20/2024 NOVEMBER GNMA DUE 12/20/24 .00 .00 .00 .00 .00 .0000 .000000 6.88 080023M .00I 12/20/2024 12/20/2024 12/20/2024 36225CC20 20 PAID DOWN PAR VALUE OF G N M A I I #080088 5.000% 6/20/27 NOVEMBER GNMA DUE 12/20/24 .00 .00 -90.07 .00 -1.93-88.1400 .000000 88.14 080088M .00P 12/20/2024 36225CC20 310 INTEREST EARNED ON G N M A I I #080088 5.000% 6/20/27 $1 PV ON 11.2200 SHARES DUE 12/20/2024 NOVEMBER GNMA DUE 12/20/24 .00 .00 .00 .00 .00 .0000 .000000 11.22 080088M .00I 12/20/2024 12/20/2024 12/20/2024 36225CN28 20 PAID DOWN PAR VALUE OF G N M A I I #080408 4.875% 5/20/30 NOVEMBER GNMA DUE 12/20/24 .00 .00 -226.89 .00 2.33-229.2200 .000000 229.22 080408M .00P 12/20/2024 36225CN28 310 INTEREST EARNED ON G N M A I I #080408 4.875% 5/20/30 $1 PV ON 67.1900 SHARES DUE 12/20/2024 NOVEMBER GNMA DUE 12/20/24 .00 .00 .00 .00 .00 .0000 .000000 67.19 080408M .00I 12/20/2024 12/20/2024 12/20/2024 36225CNM4 20 PAID DOWN PAR VALUE OF G N M A I I #080395 4.875% 4/20/30 NOVEMBER GNMA DUE 12/20/24 .00 .00 -63.37 .00 .58-63.9500 .000000 63.95 080395M .00P 12/20/2024 36225CNM4 310 INTEREST EARNED ON G N M A I I #080395 4.875% 4/20/30 $1 PV ON 7.1600 SHARES DUE 12/20/2024 NOVEMBER GNMA DUE 12/20/24 .00 .00 .00 .00 .00 .0000 .000000 7.16 080395M .00I 12/20/2024 12/20/2024 12/20/2024 36225DCB8 20 PAID DOWN PAR VALUE OF G N M A I I #080965 4.625% 7/20/34 NOVEMBER GNMA DUE 12/20/24 .00 .00 -288.80 .00 .18-288.9800 .000000 288.98 080965M .00P 12/20/2024 36225DCB8 310 INTEREST EARNED ON G N M A I I #080965 4.625% 7/20/34 $1 PV ON 55.1900 SHARES DUE 12/20/2024 NOVEMBER GNMA DUE 12/20/24 .00 .00 .00 .00 .00 .0000 .000000 55.19 080965M .00I Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 51 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LONG-TERM PORTFOLIO6745046601 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 12/20/2024 92348KBG7 310 INTEREST EARNED ON VERIZON MASTER TR 4.490% 1/22/29 $1 PV ON 16669.1300 SHARES DUE 12/20/2024 $0.00374/PV ON 4,455,000.00 PV DUE 12/20/24 .00 .00 .00 .00 .00 .0000 .000000 16,669.13 .00I 12/26/2024 05592XAD2 310 INTEREST EARNED ON BMW VEH OWNER TR 5.470% 2/25/28 $1 PV ON 6450.0400 SHARES DUE 12/25/2024 $0.00456/PV ON 1,415,000.00 PV DUE 12/25/24 .00 .00 .00 .00 .00 .0000 .000000 6,450.04 BVO5428 .00I 12/26/2024 3136AJZP4 310 INTEREST EARNED ON F N M A GTD REMIC 1.500% 4/25/29 $1 PV ON 1200.9000 SHARES DUE 12/25/2024 $0.00125/PV ON 960,717.12 PV DUE 12/25/24 .00 .00 .00 .00 .00 .0000 .000000 1,200.90 .00I 12/26/2024 12/25/2024 12/26/2024 3136AJZP4 20 PAID DOWN PAR VALUE OF F N M A GTD REMIC 1.500% 4/25/29 .00 .00 -22,989.76 2,175.80 .00-25,165.5600 .000000 25,165.56 .00P 12/26/2024 12/25/2024 12/26/2024 31371NUC7 20 PAID DOWN PAR VALUE OF F N M A #257179 4.500% 4/01/28 NOVEMBER FNMA DUE 12/25/24 .00 .00 -106.59 .00 -5.80-100.7900 .000000 100.79 257179A .00P 12/26/2024 31371NUC7 310 INTEREST EARNED ON F N M A #257179 4.500% 4/01/28 $1 PV ON 10.4700 SHARES DUE 12/25/2024 NOVEMBER FNMA DUE 12/25/24 .00 .00 .00 .00 .00 .0000 .000000 10.47 257179A .00I 12/26/2024 12/25/2024 12/26/2024 31376KT22 20 PAID DOWN PAR VALUE OF F N M A #357969 5.000% 9/01/35 NOVEMBER FNMA DUE 12/25/24 .00 .00 -258.40 .00 -18.03-240.3700 .000000 240.37 357969A .00P 12/26/2024 31376KT22 310 INTEREST EARNED ON F N M A #357969 5.000% 9/01/35 $1 PV ON 132.7700 SHARES DUE 12/25/2024 NOVEMBER FNMA DUE 12/25/24 .00 .00 .00 .00 .00 .0000 .000000 132.77 357969A .00I 12/26/2024 3137BSRE5 310 INTEREST EARNED ON F H L M C MLTCL MTG 3.120% 9/25/26 $1 PV ON 13000.0000 SHARES DUE 12/25/2024 $0.00260/PV ON 5,000,000.00 PV DUE 12/25/24 .00 .00 .00 .00 .00 .0000 .000000 13,000.00 .00I 12/26/2024 3137FETN0 310 INTEREST EARNED ON F H L M C MLTCL MT 3.350% 1/25/28 $1 PV ON 15186.6600 SHARES DUE 12/25/2024 $0.00279/PV ON 5,440,000.00 PV DUE 12/25/24 .00 .00 .00 .00 .00 .0000 .000000 15,186.66 FHL0428B .00I 12/26/2024 3137FG6X8 310 INTEREST EARNED ON F H L M C MLTCL MT 3.850% 5/25/28 $1 PV ON 23260.4100 SHARES DUE 12/25/2024 $0.00321/PV ON 7,250,000.00 PV DUE 12/25/24 .00 .00 .00 .00 .00 .0000 .000000 23,260.41 FHL3828B .00I 12/26/2024 12/25/2024 12/26/2024 3138EG6F6 20 PAID DOWN PAR VALUE OF F N M A #AL0869 4.500% 6/01/29 NOVEMBER FNMA DUE 12/25/24 .00 .00 -55.18 .00 -3.01-52.1700 .000000 52.17 AL0869A .00P 12/26/2024 3138EG6F6 310 INTEREST EARNED ON F N M A #AL0869 4.500% 6/01/29 $1 PV ON 7.8700 SHARES DUE 12/25/2024 NOVEMBER FNMA DUE 12/25/24 .00 .00 .00 .00 .00 .0000 .000000 7.87 AL0869A .00I 12/26/2024 31394JY35 310 INTEREST EARNED ON F H L M C MLTCL MT 6.49999% 9/25/43 $1 PV ON 1732.1300 SHARES DUE 12/25/2024 $0.00542/PV ON 319,776.91 PV DUE 12/25/24 .00 .00 .00 .00 .00 .0000 .000000 1,732.13 FHL9543 .00I Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 52 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LONG-TERM PORTFOLIO6745046601 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 12/26/2024 12/25/2024 12/26/2024 31394JY35 20 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 6.49999% 9/25/43 .00 .00 -4,874.35 .00 -570.29-4,304.0600 .000000 4,304.06 FHL9543 .00P 12/26/2024 31397QRE0 310 INTEREST EARNED ON F N M A GTD REMIC 2.472% 2/25/41 $1 PV ON 277.5900 SHARES DUE 12/25/2024 $0.00461/PV ON 60,252.16 PV DUE 12/25/24 .00 .00 .00 .00 .00 .0000 .000000 277.59 FNM2841 .00I 12/26/2024 12/25/2024 12/26/2024 31397QRE0 20 PAID DOWN PAR VALUE OF F N M A GTD REMIC 2.472% 2/25/41 .00 .00 -519.39 .00 .16-519.5500 .000000 519.55 FNM2841 .00P 12/26/2024 12/25/2024 12/26/2024 31403DJZ3 20 PAID DOWN PAR VALUE OF F N M A #745580 5.000% 6/01/36 NOVEMBER FNMA DUE 12/25/24 .00 .00 -504.05 .00 -35.17-468.8800 .000000 468.88 745580A .00P 12/26/2024 31403DJZ3 310 INTEREST EARNED ON F N M A #745580 5.000% 6/01/36 $1 PV ON 135.3400 SHARES DUE 12/25/2024 NOVEMBER FNMA DUE 12/25/24 .00 .00 .00 .00 .00 .0000 .000000 135.34 745580A .00I 12/26/2024 12/25/2024 12/26/2024 31403GXF4 20 PAID DOWN PAR VALUE OF F N M A #748678 5.000% 10/01/33 NOVEMBER FNMA DUE 12/25/24 .00 .00 -3.63 .00 -.25-3.3800 .000000 3.38 748678A .00P 12/26/2024 31403GXF4 310 INTEREST EARNED ON F N M A #748678 5.000% 10/01/33 $1 PV ON 1.7700 SHARES DUE 12/25/2024 NOVEMBER FNMA DUE 12/25/24 .00 .00 .00 .00 .00 .0000 .000000 1.77 748678A .00I 12/26/2024 12/25/2024 12/26/2024 31406PQY8 20 PAID DOWN PAR VALUE OF F N M A #815971 5.000% 3/01/35 NOVEMBER FNMA DUE 12/25/24 .00 .00 -1,350.08 .00 -94.19-1,255.8900 .000000 1,255.89 815971A .00P 12/26/2024 31406PQY8 310 INTEREST EARNED ON F N M A #815971 5.000% 3/01/35 $1 PV ON 179.4500 SHARES DUE 12/25/2024 NOVEMBER FNMA DUE 12/25/24 .00 .00 .00 .00 .00 .0000 .000000 179.45 815971A .00I 12/26/2024 12/25/2024 12/26/2024 31406XWT5 20 PAID DOWN PAR VALUE OF F N M A #823358 6.082% 2/01/35 NOVEMBER FNMA DUE 12/25/24 .00 .00 -131.37 .00 1.03-132.4000 .000000 132.40 823358A .00P 12/26/2024 31406XWT5 310 INTEREST EARNED ON F N M A #823358 6.082% 2/01/35 $1 PV ON 62.4100 SHARES DUE 12/25/2024 NOVEMBER FNMA DUE 12/25/24 .00 .00 .00 .00 .00 .0000 .000000 62.41 823358A .00I 12/26/2024 12/25/2024 12/26/2024 31407BXH7 20 PAID DOWN PAR VALUE OF F N M A #826080 5.000% 7/01/35 NOVEMBER FNMA DUE 12/25/24 .00 .00 -128.84 .00 -8.99-119.8500 .000000 119.85 826080A .00P 12/26/2024 31407BXH7 310 INTEREST EARNED ON F N M A #826080 5.000% 7/01/35 $1 PV ON 25.8400 SHARES DUE 12/25/2024 NOVEMBER FNMA DUE 12/25/24 .00 .00 .00 .00 .00 .0000 .000000 25.84 826080A .00I 12/26/2024 12/25/2024 12/26/2024 31410F4V4 20 PAID DOWN PAR VALUE OF F N M A #888336 5.000% 7/01/36 NOVEMBER FNMA DUE 12/25/24 .00 .00 -1,397.85 .00 -97.52-1,300.3300 .000000 1,300.33 888336A .00P 12/26/2024 31410F4V4 310 INTEREST EARNED ON F N M A #888336 5.000% 7/01/36 $1 PV ON 224.5600 SHARES DUE 12/25/2024 NOVEMBER FNMA DUE 12/25/24 .00 .00 .00 .00 .00 .0000 .000000 224.56 888336A .00I 12/26/2024 12/25/2024 12/26/2024 31417YAY3 20 PAID DOWN PAR VALUE OF F N M A #MA0022 4.500% 4/01/29 NOVEMBER FNMA DUE 12/25/24 .00 .00 -95.88 .00 -5.22-90.6600 .000000 90.66 MA0022A .00P Post Date Trade Date Settle Date SEDOL Type Explanation Comm Fee Fee Cost Gain/Loss Gain/LossUnitsPriceAmount Long TermShort TermMiscSECTranTicker CUSIP Page: Print Date: 53 of 53 01/29/2025 at 11:56:15 am Data From: Thru: 09/01/2024 12/31/2024 Net CashPort P/I OCSD LONG-TERM PORTFOLIO6745046601 U.S. Bank Pivot Transaction History Without Totals By Account Id, Post Date 12/26/2024 31417YAY3 310 INTEREST EARNED ON F N M A #MA0022 4.500% 4/01/29 $1 PV ON 12.9200 SHARES DUE 12/25/2024 NOVEMBER FNMA DUE 12/25/24 .00 .00 .00 .00 .00 .0000 .000000 12.92 MA0022A .00I 12/26/2024 12/26/2024 12/26/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 46,908.38 .00 .00 46,908.3800 1.000000 -46,908.38 FGZXX .00P 12/26/2024 12/26/2024 12/26/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 48,746.64 .00 .00 48,746.6400 1.000000 -48,746.64 FGZXX .00P 12/31/2024 12/31/2024 12/31/2024 31846V567 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z .00 .00 775,937.50 .00 .00 775,937.5000 1.000000 -775,937.50 FGZXX .00P 12/31/2024 91282CEW7 310 INTEREST EARNED ON U S TREASURY NT 3.250% 6/30/27 $1 PV ON 20500000.0000 SHARES DUE 12/31/2024 .00 .00 .00 .00 .00 .0000 .000000 333,125.00 UST3227 .00I 12/31/2024 91282CGC9 310 INTEREST EARNED ON U S TREASURY NT 3.875% 12/31/27 $1 PV ON 3500000.0000 SHARES DUE 12/31/2024 .00 .00 .00 .00 .00 .0000 .000000 67,812.50 UST3827 .00I 12/31/2024 91282CJR3 310 INTEREST EARNED ON U S TREASURY NT 3.750% 12/31/28 $1 PV ON 20000000.0000 SHARES DUE 12/31/2024 .00 .00 .00 .00 .00 .0000 .000000 375,000.00 .00I Account Ending Cash Principal Cash: -91,073,158.28 Income Cash: 91,073,158.28 Total Cash: 0.00 * * * * * E n d O f R e p o r t * * * * * Callan Investment Measurement Service Quarterly Review December 31, 2024 Orange County Sanitation District Investment Measurement Service Quarterly Review Important Disclosures regarding the use of this document are included at the end of this document. These disclosures are an integral part of this document and should be considered by the user. Orange County Sanitation District Executive Summary for Period Ending December 31, 2024 Asset Allocation Performance * Current Quarter Target = 80.0% ML 1-5 Govt/Corp and 20.0% FTSE 3mo T-Bills. Recent Developments ⎯ Effective March 1, 2024 Insight Investment Management became the investment manager for the District’s Long-Term Operating Fund and the Liquid Operating Monies, replacing Chandler Asset Management. ⎯ During the quarter, $48 million was distributed out from the Long-Term Operating Fund and $75 million was contributed to the Liquid Operating Monies. Organizational Issues ⎯ N/A December 31, 2024 September 30, 2024 Market Value Weight Net New Inv. Inv. Return Market Value Weight Domestic Fixed IncomeInsight Long Term 636,755,081 84.56%(48,000,000)(4,224,886)688,979,966 94.44%Insight Liquid 116,257,178 15.44%75,000,000 705,006 40,552,172 5.56% Total Fund $753,012,258 100.00% $27,000,000 $(3,519,880)$729,532,138 100.00% Last Last LastLastLast 3 5 7Quarter Year Years Years Years Domestic Fixed IncomeLong Term Operating Fund^(0.59%)3.89% 1.27% 1.47% 1.95% Blmbg Govt/Cred 1-5 Year Idx (0.71%)3.76% 0.94% 1.29% 1.83% ML 1-5 Govt/Corp (0.66%)3.91% 0.98% 1.33% 1.86% Liquid Operating Monies^1.27% 5.41% 3.94% 2.55% 2.43% Citigroup 3-Month Treasury Bill 1.23% 5.45% 4.05% 2.54% 2.40% Total Fund (0.47%)4.09% 1.72% 1.65% 2.03%Target*(0.28%)4.23% 1.59% 1.57% 1.98% 2 Orange County Sanitation District Fixed Income Market Snapshot — The U.S. bond market faced challenges across most sectors in 4Q but closed out the year primarily positive. U.S. Treasury yields soared, and the yield curve (2s/10s) experienced a notable steepening in 4Q. The 10- year yield increased from 3.8% to 4.6% and the 2-year yield rose from 3.7% to 4.3% as investors priced in resilient economic data, persistent inflation concerns, and the anticipation of continued fiscal borrowing. The Bloomberg US Aggregate Bond Index fell 3.1% but managed to eke out a modest 1.3% gain for the year. Corporates outperformed U.S. Treasuries with excess returns of 82 bps while agency-backed mortgages, facing headwinds from increased rate volatility, underperformed (-13 bps). TIPS outperformed nominal U.S. Treasuries (Bloomberg U.S. TIPS: -2.9%; Bloomberg U.S. Treasury: -3.14%). High yield corporates outperformed investment grade (Bloomberg High Yield Index: +0.2%) and were up 8.2% for the year. High yield spreads ground tighter and continued to trade through historical averages. Leveraged loans generated better returns in 4Q (S&P/LSTA Leveraged Loan Index: +2.3%) despite an uptick in defaults, according to JP Morgan, and the sector was up 9.0% for the year. — Municipal bonds were negative for the quarter but outperformed taxable bonds (Bloomberg Municipal Bond Index: -1.2%) while annual performance was positive (+1.05%). Lower-quality municipal bonds were in line with investment grade (Bloomberg Muni High Yield Index: -1.12%) and were up 6.3% for the year. While new issuance was met with solid demand for most of the quarter, there were signs of headwinds in December as fund flows turned negative for the first time since June 2024. Investment Manager Performance — The Long-Term Operating Fund returned -0.6% in the fourth quarter, outperforming the ICE Corporate/Government 1-5 Year Index by 7 bps and the Bloomberg Government/Credit 1-5 Year Index by 12 bps. The Fund ranked 96th percentile in the Callan Short Term Fixed Income peer group. Over the last year, the portfolio returned 3.9%, marginally underperforming the ICE benchmark by 2 bps and outperforming the Bloomberg benchmark by 13 bps. The Fund ranked 100th percentile. — The Liquid Operating Money rose 1.2% (net) over the quarter, performing in line with the Citigroup 3-Month Treasury Bill Index, and ranking 11th percentile in the Callan Money Market Funds peer group. Over the last year, the portfolio returned 5.3% (net), underperforming the benchmark by 19 bps, and ranking 36th percentile. Please reach out to me should you have any questions or need any additional information. Cordially, Alexander Ford Senior Vice President, Investment Consulting Callan LLC Table of Contents December 31, 2024 Capital Market Review 1 Active Management Overview Market Overview 7 Domestic Fixed Income 8 Asset Allocation Investment Manager Asset Allocation 10 Investment Manager Returns 11 Asset Class Risk and Return 15 Manager Analysis Long Term Operating Fund 17 Liquid Operating Money 21 Definitions 23 Disclosures 2828 Capital Market Review Russell 3000 Russell 1000 Russell 1000 Growth Russell 1000 Value S&P 500 Russell Midcap Russell 2500 Russell 2000 U.S. Equity: Quarterly Returns 2.6% 2.7% 7.1% -2.0% 2.4% 0.6% 0.6% 0.3% Russell 3000 Russell 1000 Russell 1000 Growth Russell 1000 Value S&P 500 Russell Midcap Russell 2500 Russell 2000 U.S. Equity: One-Year Returns 23.8% 24.5% 33.4% 14.4% 25.0% 15.3% 12.0% 11.5% Source: S&P Dow Jones Indices S&P Sector Returns, Quarter Ended 12/31/24 Last Quarter 8.9% 14.3% -3.3%-2.4% 7.1% -10.3% -2.3% 4.8% -12.4% -7.9%-5.5% Services Communication Discretionary Consumer Staples Consumer Energy Financials Health Care Industrials Technology Information Materials Real Estate Utilities U.S. EQUITIES U.S. market reaches record high after spike in volatility –The U.S. equity market ended with the S&P 500 Index up over 2%. However, the quarter was marked by volatility, particularly during October and December. –Negative returns in October were driven by investor anxiety around the U.S. presidential election, uncertainty with the Fed’s approach to interest rate cuts, and some misses to corporate earnings expectations. December returns, while initially buoyed by the Fed’s third consecutive rate cut, cooled after the Fed announced no additional rate cuts until the second half of 2025. –Sector performance was mixed; only four (Communication Services, Consumer Discretionary, Financials, and Information Technology) posted gains. –During 4Q24, large cap stocks outperformed small caps. Growth outperformed value across the market cap spectrum. Large caps continue to drive narrow markets –Concentration and performance contribution of the Magnificent Seven stocks within the large cap benchmarks remain outsized relative to the aggregate of benchmark constituents. In 2024, the S&P 500’s return was 25%; the S&P 500 ex-Mag 7 return was 16%. –For the second year in a row, less than 30% of S&P 500 stocks have outperformed the S&P 500 itself. Fundamentals critical to success of large caps –In recent years, themes—like “work from home” stocks and AI—as well as momentum have been attributed to the prolonged success of the Magnificent Seven. –However, Magnificent Seven valuations have been supported by strong earnings, low debt, and high cash levels. Consensus and forward-looking EPS growth expectations also remain high for large cap companies. Capital Markets Overview 4Q24 Sources: FTSE Russell, S&P Dow Jones Indices Capital Markets Overview (continued) 4Q24 MSCI EAFE MSCI ACWI MSCI World MSCI ACWI ex USA MSCI World ex USA MSCI ACWI ex USA SC MSCI World ex USA SC MSCI Europe ex UK MSCI United Kingdom MSCI Pacific ex Japan MSCI Japan MSCI Emerging Markets MSCI China MSCI Frontier Markets Global Equity: Quarterly Returns -8.1% -1.0% -0.2% -7.6% -7.4% -7.7% -7.9% -10.6% -6.8% -9.1% -3.6% -8.0% -7.7% -1.2% MSCI EAFE MSCI ACWI MSCI World MSCI ACWI ex USA MSCI World ex USA MSCI ACWI ex USA SC MSCI World ex USA SC MSCI Europe ex UK MSCI United Kingdom MSCI Pacific ex Japan MSCI Japan MSCI Emerging Markets MSCI China MSCI Frontier Markets Global Equity: One-Year Returns 3.8% 17.5% 18.7% 5.5% 4.7% 3.4% 2.8% 0.1% 7.5% 4.6% 8.3% 7.5% 19.4% 9.4% Source: MSCI GLOBAL EQUITIES Trump tariffs weigh on markets –Global equity markets had a rough end to the year as proposed Trump tariffs weighed on Europe and China. –Europe was one of the worst-performing regions, plagued by political uncertainty and continued economic woes. –While still negative, Japan’s decline over the quarter was stemmed by the approval of a new economic stimulus plan focused on issues such as wage stability and deflation. Emerging markets: China, India fall short –Emerging markets declined on the heels of poor results out of China and India. Although Chinese stocks initially gained from the announced stimulus, they later declined due to expected tariffs. Economic growth in India fell short of expectations. Growth vs. value: Muted tech influence on growth –In developed ex-U.S. markets, the influence of technology and AI is comparatively more muted, which makes the trend of growth stocks, especially those from the Magnificent Seven, outperforming value stocks less pronounced. U.S. dollar: Strength from beneficial effects of Trump –The U.S. dollar shifted direction from the last quarter as expectations for interest rate cuts faded, along with the anticipated beneficial effects of the Trump administration on the U.S. economy; in total the U.S. Dollar Index rose over 7% during the quarter. Global equity market concentration continues higher –The U.S. share of global market capitalization in global indices is at all-time highs as U.S. technology companies lead markets higher. –Market capitalization-weighted global benchmarks are providing lower diversification benefits than historically at not only the country level but also the security level as the top five constituents of the MSCI ACWI Index currently comprise over 17% of the benchmark. U.S. dollar strength has been a headwind –Recent U.S. dollar strength has been a notable headwind for non-U.S. equities as local currency revenues of companies continue to weaken against the U.S. dollar. –Some contributing factors to U.S. dollar strength have been higher interest rate policy by the Federal Reserve compared to other central banks, U.S. economic and market strength, and recent rhetoric regarding potentially higher tariff rates on U.S. imports. Bloomberg Gov/Cr 1-3 Yr Bloomberg Interm Gov/Cr Bloomberg Aggregate Bloomberg Long Gov/Cr Bloomberg Universal CS Leveraged Loans Bloomberg High Yield Bloomberg TIPS U.S. Fixed Income: Quarterly Returns 0.0% -1.6% -3.1% -7.4% -2.7% 2.3% 0.2% -2.9% Bloomberg Gov/Cr 1-3 Yr Bloomberg Interm Gov/Cr Bloomberg Aggregate Bloomberg Long Gov/Cr Bloomberg Universal CS Leveraged Loans Bloomberg High Yield Bloomberg TIPS U.S. Fixed Income: One-Year Returns 4.4% 3.0% 1.3% -4.2% 2.0% 9.1% 8.2% 1.8% U.S. Treasury Yield Curves Inflation concerns resurface –The Fed continued the rate cutting cycle, most recently in December, bringing the target range to 4.25%-4.50%. –The yield curve steepened, with rates rising for Treasuries one year and longer. The 10-year rose 77 bps to 4.58%. –Inflation concerns resurfaced, with the breakeven inflation rate rising by 19 bps to 2.30% over the course of the quarter. Performance drivers –The Bloomberg US Aggregate Bond Index fell 3.1% due to the rise in rates. –With the steepening yield curve, long government bonds fared the worst among sectors. –Leveraged finance sectors (High yield: +0.2%, leveraged loans: +2.3%) were the only positive fixed income sectors as spreads tightened. Credit spreads tighten –Corporate credit spreads across both investment grade and leveraged finance tightened, with both being “priced to perfection.” –New issuance continued to be strong, with 2024 totals for both IG and HY outpacing 2023. MUNICIPAL BONDS Negative returns in 4Q –The muni AAA-rated curve shifted upward across the curve and the curve steepened. –The spreads between the AAA 2s/10s key rates (24 bps) ended the year slightly tighter than Treasuries (33 bps). Low dispersion across quality in 4Q and for the year –AAA: -1.3%; +1.4% –AA: -1.2%: +1.5% –A: -1.2%; +1.5% –BBB: -1.3%; +1.6% Robust issuance through 4Q, demand softened slightly –Total issuance in 2024 was $508 billion, beating the previous high of $485 billion in 2020 and up 32% year over year. –Demand absorbed issuance most of the quarter, but December exhibited three weeks of fund outflows, after 23 weeks of consecutive net inflows. Muni valuations vs. U.S. Treasuries remain rich –10-year AAA muni/10-year U.S. Treasury yield ratio was rich relative to the 10-year median (67% now vs. 80% historical). Capital Markets Overview (continued) 4Q24 Sources: Bloomberg, Credit Suisse 0% 1% 2% 3% 4% 5% 6% 0 5 10 15 20 25 30 12/31/2024 9/30/2024 12/31/2023 12/31/2022 12/31/2021 Bloomberg Global Aggregate Bloomberg Global Agg (hdg) Bloomberg Global High Yield Bloomberg Global Agg ex US JPM EMBI Global Diversified JPM GBI-EM Global Diversified JPM EMBI Gl Div/JPM GBI-EM Gl Div JPM CEMBI Global Fixed Income: Quarterly Returns -5.1% -0.9% -0.4% -6.8% -1.9% -7.0% -4.5% -1.1% Bloomberg Global Aggregate Bloomberg Global Agg (hdg) Bloomberg Global High Yield Bloomberg Global Agg ex US JPM EMBI Global Diversified JPM GBI-EM Global Diversified JPM EMBI Gl Div/JPM GBI-EM Gl Div JPM CEMBI Global Fixed Income: One-Year Returns -1.7% 3.4% 9.2% -4.2% 6.5% -2.4% 2.0% 7.0% Change in 10-Year Global Government Bond Yields GLOBAL FIXED INCOME Political controversy dogs euro zone –The euro zone was marred with political controversy in 4Q, specifically in Germany and France. –GDP growth in the euro zone rose modestly (+0.4%), while the ECB cut rates in December. –Japan’s GDP grew 1.2% on the back of strong exports and a weaker yen. U.S. dollar surges –The U.S. dollar rose 8% versus a basket of six developed market currencies. –Global fixed income returns varied based on currency exposure, with the Bloomberg Global Aggregate ex US Hedged Index rising 0.7%, while the Bloomberg Global Aggregate ex US Unhedged Index fell by 6.8%. Emerging market debt faced similar challenges –Both EM local and hard currency bonds posted negative returns on the quarter, weighed down by the strength of the dollar and geopolitical risk. Hard currency spreads narrowed at the tail end of the quarter, partially offsetting an early quarter drawdown. –Brazil increased its policy rate by 150 bps in 4Q, resulting in the Brazilian real depreciating by 13.4% versus the U.S. dollar. Capital Markets Overview (continued) 4Q24 Sources: Bloomberg, JP Morgan 79 bps 24 bps 57 bps 27 bps 24 bps 01234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162636465666768697071727374757677787980 U.S. Treasury Germany U.K. Canada Japan Active Management Overview Market Overview Active Management vs Index Returns Market Overview The charts below illustrate the range of returns across managers in Callan’s Separate Account database over the most recent one quarter and one year time periods. The database is broken down by asset class to illustrate the difference in returns across those asset classes. An appropriate index is also shown for each asset class for comparison purposes. As an example, the first bar in the upper chart illustrates the range of returns for domestic equity managers over the last quarter. The triangle represents the S&P 500 return. The number next to the triangle represents the ranking of the S&P 500 in the Large Cap Equity manager database. Range of Separate Account Manager Returns by Asset Class One Quarter Ended December 31, 2024 Re t u r n s (15%) (10%) (5%) 0% 5% 10% Large Cap Small Cap Non-US Domestic Non-US Real Equity Equity Equity Fixed Income Fixed Income Estate vs vs vs vs vs vs S&P 500 Russell 2000 MSCI EAFE Blmbg Aggr Bd Citi Non-US Govt NCREIF Index (44) (51) (70) (78) (86) (32) 10th Percentile 6.61 4.45 (5.07)(2.68)(2.47)1.4825th Percentile 4.97 2.06 (6.33)(2.81)(2.84)1.06 Median 1.51 0.37 (7.35)(2.94)(5.34)0.61 75th Percentile (1.03)(0.82)(8.31)(3.05)(6.58)0.1190th Percentile (2.16)(2.01)(8.96)(3.15)(7.26)(0.47) Index 2.41 0.33 (8.11)(3.06)(7.10)0.90 Range of Separate Account Manager Returns by Asset Class One Year Ended December 31, 2024 Re t u r n s (20%) (10%) 0% 10% 20% 30% 40% Large Cap Small Cap Non-US Domestic Non-US Real Equity Equity Equity Fixed Income Fixed Income EstatevsvsvsvsvsvsS&P 500 Russell 2000 MSCI EAFE Blmbg Aggr Bd Citi Non-US Govt NCREIF Index (39) (55) (69)(93) (95) (37) 10th Percentile 34.18 20.72 11.47 2.74 3.35 4.82 25th Percentile 29.06 16.22 8.10 2.30 2.04 1.21Median 21.66 12.29 5.96 1.93 (1.79)(0.83)75th Percentile 15.64 8.66 3.08 1.66 (4.44)(3.27)90th Percentile 11.79 5.41 0.93 1.41 (4.79)(6.68) Index 25.02 11.54 3.82 1.25 (5.32)0.43 7Orange County Sanitation District Domestic Fixed Income Active Management Overview The Bloomberg US Aggregate Bond Index declined 3.1% in the quarter, but closed out the year positive (+1.3). U.S. Treasury yields soared, and the yield curve (2s/10s) experienced a notable steepening in 4Q. The 10-year yield increased from 3.8% to 4.6% and the 2-year yield rose from 3.7% to 4.3% as investors priced in resilient economic data, persistent inflation concerns, and the anticipation of continued fiscal borrowing. Corporates outperformed U.S. Treasuries with excess returns of 82 bps while agency-backed mortgages, facing headwinds from increased rate volatility, underperformed (-13 bps). High yield corporates outperformed investment grade (Bloomberg High Yield Index: +0.2%) and were up 8.2% for the year. High yield spreads ground tighter and continued to trade through historical averages. Separate Account Style Group Median Returns for Quarter Ended December 31, 2024 (10%) (8%) (6%) (4%) (2%) 0% 2% 4% 6% 0.15 Defensive (1.52 ) Intermed (2.94 ) Core Bond (2.76 ) Core Plus (7.22 ) Extended Maturity 2.46 Bank Loans 0.26 High Yield Re t u r n s Blmbg Aggregate:(3.06%) Blmbg High Yield:0.17% Blmbg Long Gov/Cred:(7.42%) Separate Account Style Group Median Returns for One Year Ended December 31, 2024 (10%) (5%) 0% 5% 10% 15% 5.04 Defensive 3.45 Intermed 1.93 Core Bond 2.74 Core Plus (3.41 ) Extended Maturity 9.33 Bank Loans 8.16 High Yield Re t u r n s Blmbg Aggregate:1.25% Blmbg High Yield:8.19% Blmbg Long Gov/Cred:(4.15%) 8Orange County Sanitation District Asset Allocation Investment Manager Asset Allocation The table below contrasts the distribution of assets across the Fund’s investment managers as of December 31, 2024, with the distribution as of September 30, 2024. The change in asset distribution is broken down into the dollar change due to Net New Investment and the dollar change due to Investment Return. Asset Distribution Across Investment Managers December 31, 2024 September 30, 2024 Market Value Weight Net New Inv. Inv. Return Market Value Weight Domestic Fixed Income Insight Long Term 636,755,081 84.56%(48,000,000)(4,224,886)688,979,966 94.44% Insight Liquid 116,257,178 15.44% 75,000,000 705,006 40,552,172 5.56% Total Fund $753,012,258 100.00% $27,000,000 $(3,519,880)$729,532,138 100.00% *Insight replaced Chandler during the 1st quarter of 2024. Assets were transferred in-kind as of 03/01/2024. 10Orange County Sanitation District Investment Manager Returns The table below details the rates of return for the Fund’s investment managers over various time periods ended December 31, 2024. Negative returns are shown in red, positive returns in black. Returns for one year or greater are annualized. The first set of returns for each asset class represents the composite returns for all the fund’s accounts for that asset class. Returns for Periods Ended December 31, 2024 Last Last Last Last Last 3 5 7 Quarter Year Years Years Years Domestic Fixed Income Long Term Operating Fund^(0.59%)3.89% 1.27% 1.47% 1.95% Blmbg Govt/Cred 1-5 Year Idx (0.71%)3.76% 0.94% 1.29% 1.83% ML 1-5 Govt/Corp (0.66%)3.91% 0.98% 1.33% 1.86% Liquid Operating Monies^1.27% 5.41% 3.94% 2.55% 2.43% Citigroup 3-Month Treasury Bill 1.23% 5.45% 4.05% 2.54% 2.40% Total Fund (0.47%)4.09% 1.72% 1.65% 2.03% Target*(0.28%)4.23% 1.59% 1.57% 1.98% * Current Quarter Target = 80.0% ICE Corp/Gov 1-5 Yr and 20.0% FTSE 3 Mo T-Bill. ^Assets were transferred in kind to Insight on 3/1/2024. Performance from 12/1/2014 to 3/1/2024 represents Chandler. Previous performance reflects PIMCO. 11Orange County Sanitation District Investment Manager Returns The table below details the rates of return for the Fund’s investment managers over various time periods ended December 31, 2024. Negative returns are shown in red, positive returns in black. Returns for one year or greater are annualized. The first set of returns for each asset class represents the composite returns for all the fund’s accounts for that asset class. Returns for Periods Ended December 31, 2024 Last Last Last 10 15 29-1/4 Years Years Years Domestic Fixed Income Long Term Operating Fund^1.72%1.96%3.75% Blmbg Govt/Cred 1-5 Year Idx 1.66%1.85%3.58% ML 1-5 Govt/Corp 1.70%1.90%3.61% Liquid Operating Monies^1.86%1.29%2.57% Citigroup 3-Month Treasury Bill 1.79%1.21%2.33% Total Fund 1.71%1.82%3.56% Target*1.72%1.77%3.36% * Current Quarter Target = 80.0% ICE Corp/Gov 1-5 Yr and 20.0% FTSE 3 Mo T-Bill. ^Assets were transferred in kind to Insight on 3/1/2024. Performance from 12/1/2014 to 3/1/2024 represents Chandler. Previous performance reflects PIMCO. 12Orange County Sanitation District Investment Manager Returns The table below details the rates of return for the Fund’s investment managers over various time periods. Negative returns are shown in red, positive returns in black. Returns for one year or greater are annualized. The first set of returns for each asset class represents the composite returns for all the fund’s accounts for that asset class. 2024 2023 2022 2021 2020 Domestic Fixed Income Long Term Operating Fund^3.89% 4.96%(4.75%) (0.79%)4.42% Blmbg Govt/Cred 1-5 Year Idx 3.76% 4.89%(5.50%) (0.97%)4.71% ML 1-5 Govt/Corp 3.91% 4.89%(5.54%) (0.87%)4.65% Liquid Operating Monies^5.41% 5.17% 1.30% 0.15% 0.84% Citigroup 3-Month Treasury Bill 5.45% 5.26% 1.50% 0.05% 0.58% Total Fund 4.09% 5.01%(3.70%) (0.61%)3.73% Target*4.23% 4.97%(4.16%) (0.68%)3.82% * Current Quarter Target = 80.0% ICE Corp/Gov 1-5 Yr and 20.0% FTSE 3 Mo T-Bill. ^Assets were transferred in kind to Insight on 3/1/2024. Performance from 12/1/2014 to 3/1/2024 represents Chandler. Previous performance reflects PIMCO. 13Orange County Sanitation District Investment Manager Returns The table below details the rates of return for the Fund’s investment managers over various time periods. Negative returns are shown in red, positive returns in black. Returns for one year or greater are annualized. The first set of returns for each asset class represents the composite returns for all the fund’s accounts for that asset class. 2019 2018 2017 2016 2015 Domestic Fixed Income Long Term Operating Fund^4.70% 1.60% 1.18% 1.58% 0.85% Blmbg Govt/Cred 1-5 Year Idx 5.01% 1.38% 1.27% 1.56% 0.97% ML 1-5 Govt/Corp 5.08% 1.40% 1.28% 1.62% 1.05% Liquid Operating Monies^2.39% 1.90% 0.91% 0.47% 0.22% Citigroup 3-Month Treasury Bill 2.25% 1.86% 0.84% 0.27% 0.03% Total Fund 4.26% 1.72% 1.02% 1.15% 0.80% Target*4.51% 1.49% 1.19% 1.35% 0.85% * Current Quarter Target = 80.0% ICE Corp/Gov 1-5 Yr and 20.0% FTSE 3 Mo T-Bill. ^Assets were transferred in kind to Insight on 3/1/2024. Performance from 12/1/2014 to 3/1/2024 represents Chandler. Previous performance reflects PIMCO. 14Orange County Sanitation District Asset Class Risk and Return The charts below show the seven year annualized risk and return for each asset class component of the Total Fund. The first graph contrasts these values with those of the appropriate index for each asset class. The second chart contrasts them with the risk and return of the median portfolio in each of the appropriate CAI comparative databases. In each case, the crosshairs on the chart represent the return and risk of the Total Fund. Seven Year Annualized Risk vs Return Asset Classes vs Benchmark Indices 0.8%1.0%1.2%1.4%1.6%1.8%2.0%2.2%2.4%2.6%2.8%3.0%3.2% 1.70% 1.80% 1.90% 2.00% 2.10% 2.20% 2.30% 2.40% 2.50% Total Fund Blmbg Gov/Cred 1-5 Yr FTSE 3 Mo T-Bill Total Fund Target ICE Corp/Gov 1-5 Yr Standard Deviation Re t u r n s Seven Year Annualized Risk vs Return Asset Classes vs Asset Class Median 0.8%1.0%1.2%1.4%1.6%1.8%2.0%2.2%2.4%2.6%2.8% 1.95% 2.00% 2.05% 2.10% 2.15% 2.20% 2.25% 2.30% 2.35% 2.40% 2.45% Total Fund Callan Money Market Funds Callan Short Fixed Inc Standard Deviation Re t u r n s 15Orange County Sanitation District Manager Analysis Long Term Operating Fund Period Ended December 31, 2024 Investment Philosophy Insight 1-5 Year strategy seeks to capitalize on market inefficiencies, use multiple sources of alpha and make diverse bets in an effort to achieve superior total return versus the Barclays Capital Aggregate Index over a full market cycle on an absolute and risk-adjusted basis. We employ a disciplined team structure that relies on fundamental proprietary analysis and research to identify individual securities with the greatest capital appreciation potential. We customize every portfolio to meet each client’s return objectives, liquidity needs, and risk tolerance. We emphasize diversification across sectors, industries, issuers and credit quality. Under most circumstances, we limit our duration exposure to within a range of +/- 15% versus the benchmark. We add value for our clients’ portfolios by using a disciplined team structure that relies on fundamental, proprietary research analysis to identify individual securities with the greatest capital appreciation potential. Assets were transferred in kind to Insight on 3/1/2024. Performance from 12/1/2014 to 3/1/2024 represents Chandler. Previous performance reflects PIMCO. Quarterly Summary and Highlights Long Term Operating Fund’s portfolio posted a (0.59)% return for the quarter placing it in the 96 percentile of the Callan Short Term Fixed Income group for the quarter and in the 100 percentile for the last year. Long Term Operating Fund’s portfolio outperformed the ICE Corp/Gov 1-5 Yr by 0.07% for the quarter and underperformed the ICE Corp/Gov 1-5 Yr for the year by 0.03%. Quarterly Asset Growth Beginning Market Value $688,979,966 Net New Investment $-48,000,000 Investment Gains/(Losses) $-4,224,886 Ending Market Value $636,755,081 Performance vs Callan Short Term Fixed Income (Gross) (2%)(1%)0%1%2%3%4%5%6%7% Last Quarter Last Last 3 Years Last 5 Years Last 7 Years Last 10 Years Last 10 Years Last 29-1/4 Year Years A(96)B(100)(100) A(100)B(100)(100) A(94)B(99)(99)A(98)B(99)(99)A(96)B(98)(98)A(92)B(96)(94)A(92)B(96)(94) A(39)B(60)(55) 10th Percentile 0.69 5.90 3.05 2.64 2.88 2.60 2.60 4.1425th Percentile 0.25 5.39 2.56 2.37 2.56 2.33 2.33 3.82Median 0.15 5.04 2.26 2.12 2.40 2.10 2.10 3.65 75th Percentile 0.05 4.69 1.96 1.89 2.20 1.95 1.95 3.45 90th Percentile (0.41)4.37 1.56 1.65 2.03 1.75 1.75 3.21 Long TermOperating Fund A (0.59)3.89 1.27 1.47 1.95 1.72 1.72 3.75 Blmbg Govt/Cred 1-5 Year Idx B (0.71)3.76 0.94 1.29 1.83 1.66 1.66 3.58 ICE Corp/Gov 1-5 Yr (0.66)3.91 0.98 1.33 1.86 1.70 1.70 3.61 Relative Return vs ICE Corp/Gov 1-5 Yr Re l a t i v e R e t u r n s (0.8%) (0.6%) (0.4%) (0.2%) 0.0% 0.2% 0.4% 0.6% 0.8% 2018 2019 2020 2021 2022 2023 2024 Long Term Operating Fund Callan Short Term Fixed Income (Gross) Annualized Seven Year Risk vs Return 1 2 3 4 5 6 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% Long Term Operating Fund ICE Corp/Gov 1-5 Yr Blmbg Govt/Cred 1-5 Year Idx Standard Deviation Re t u r n s 17Orange County Sanitation District Long Term Operating Fund Return Analysis Summary Return Analysis The graphs below analyze the manager’s return on both a risk-adjusted and unadjusted basis. The first chart illustrates the manager’s ranking over different periods versus the appropriate style group. The second chart shows the historical quarterly and cumulative manager returns versus the appropriate market benchmark. The last chart illustrates the manager’s ranking relative to their style using various risk-adjusted return measures. Assets were transferred in kind to Insight on 3/1/2024. Performance from 12/1/2014 to 3/1/2024 represents Chandler. Previous performance reflects PIMCO. Performance vs Callan Short Term Fixed Income (Gross) (8%) (6%) (4%) (2%)0%2% 4% 6% 8% 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 A(100)B(100)100 A(81)B(86)86 A(81)B(95)95 A(89)B(99)94 B(23)A(33)24 B(22)A(35)20 A(66)B(87)86 B(59)A(65)58 A(48)B(49)47 B(34)A(61)26 10th Percentile 5.90 6.38 (1.90)0.75 5.12 5.48 2.02 2.30 2.81 1.18 25th Percentile 5.39 5.74 (2.90)0.14 4.55 4.96 1.83 1.76 2.19 1.05Median5.04 5.39 (3.34) (0.22)3.98 4.53 1.69 1.34 1.55 0.9075th Percentile 4.69 5.05 (4.49) (0.45)3.56 4.06 1.53 0.97 1.16 0.7690th Percentile 4.37 4.82 (4.93) (0.82)2.41 3.56 1.33 0.66 1.04 0.62 Long TermOperating Fund A 3.89 4.96 (4.75) (0.79)4.42 4.70 1.60 1.18 1.58 0.85Blmbg Govt/Cred1-5 Year Idx B 3.76 4.89 (5.50) (0.97)4.71 5.01 1.38 1.27 1.56 0.97 ICE Corp/Gov1-5 Yr 3.91 4.89 (5.54) (0.87)4.65 5.08 1.40 1.28 1.62 1.05 Cumulative and Quarterly Relative Returns vs ICE Corp/Gov 1-5 Yr Qu a r t e r l y R e l a t i v e R e t u r n s Cu m u l a t i v e R e l a t i v e R e t u r n s (0.6%) (0.4%) (0.2%) 0.0% 0.2% 0.4% 0.6% 0.8% (6%) (4%) (2%) 0% 2% 4% 6% 8% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Long Term Operating Fund Blmbg Govt/Cred 1-5 Year Idx Callan Short Fixed Inc Risk Adjusted Return Measures vs ICE Corp/Gov 1-5 Yr Rankings Against Callan Short Term Fixed Income (Gross) Seven Years Ended December 31, 2024 (0.6)(0.4)(0.2)0.00.20.40.60.81.01.2 Alpha Sharpe Excess Return Ratio Ratio A(90)B(93)A(91)B(94) A(86) B(100) 10th Percentile 0.94 0.19 0.6125th Percentile 0.55 0.09 0.53 Median 0.38 0.02 0.42 75th Percentile 0.19 (0.07)0.3190th Percentile 0.02 (0.14)0.15 Long Term Operating Fund A 0.03 (0.15)0.19 Blmbg Govt/Cred 1-5 Year Idx B (0.03)(0.17)(0.29) 18Orange County Sanitation District Long Term Operating Fund Bond Characteristics Analysis Summary Portfolio Characteristics This graph compares the manager’s portfolio characteristics with the range of characteristics for the portfolios which make up the manager’s style group. This analysis illustrates whether the manager’s current holdings are consistent with other managers employing the same style. Fixed Income Portfolio Characteristics Rankings Against Callan Short Term Fixed Income as of December 31, 2024 (1) 0 1 2 3 4 5 6 7 Average Effective Coupon OA Duration Life Yield Rate Convexity (12)(14)(27)(28) (83) (96)(93) (3)(4) 10th Percentile 2.60 3.14 5.44 4.96 0.0725th Percentile 2.22 2.83 5.03 4.63 0.05Median 1.90 2.25 4.78 4.20 0.03 75th Percentile 1.79 1.98 4.57 3.84 (0.03) 90th Percentile 1.23 1.74 4.46 3.50 (0.10) Long Term Operating Fund 2.59 2.80 -2.79 0.09 ICE Corp/Gov 1-5 Yr 2.55 2.76 4.50 3.23 0.08 Sector Allocation and Quality Ratings The first graph compares the manager’s sector allocation with the average allocation across all the members of the manager’s style. The second graph compares the manager’s weighted average quality rating with the range of quality ratings for the style. Sector Allocation December 31, 2024 0%10%20%30%40%50%60%70%80% US Trsy 46.829.9 65.7 Corp (incl 144A)22.2 50 % Mg r M V 50 % Mg r M V 44.927.0 Gov Related 12.80.8 7.3 Other 10.3 ABS 4.8 19.2 CMBS 2.74.1 CMOs 0.2 Cash 0.10.5 RMBS 0.10.7 Long Term Operating Fund Callan Short Term Fixed Income ICE Corp/Gov 1-5 Yr Quality Ratings vs Callan Short Term Fixed Income A- A A+ AA- AA AA+ AAA Trsy Weighted Average Quality Rating (64)(64) 10th Percentile AA25th Percentile AAMedianAA 75th Percentile A+ 90th Percentile A Long TermOperating Fund AA ICE Corp/Gov 1-5 Yr AA 19Orange County Sanitation District Long Term Operating Fund Portfolio Characteristics Summary As of December 31, 2024 Portfolio Structure Comparison The charts below compare the structure of the portfolio to that of the index from the three perspectives that have the greatest influence on return. The first chart compares the two portfolios across sectors. The second chart compares the duration distribution. The last chart compares the distribution across quality ratings. Sector Allocation Long Term Operating Fund US Trsy 47% Cash 0% Corp (incl 144A) 22% RMBS 0% Gov Related13% CMOs 0% Other10% CMBS 3% ABS5% ML:Corp/Gov 1-5 Yr US Trsy 66% Gov Related7% Corp (incl 144A)27% Duration Distribution 0% 10% 20% 30% 40% 50% 60% 70% 80% <1 11.8 2.7 1-3 44.3 62.1 3-5 43.9 35.2 5-7 0.0 0.0 7-10 0.0 0.0 >10 0.0 0.0 Years Duration Pe r c e n t o f P o r t f o l i o Weighted Average:Duration Long Term Operating Fund: ML:Corp/Gov 1-5 Yr: 2.59 2.55 Quality Distribution 0% 20% 40% 60% 80% 100% AAA 14.7 3.5 AA 67.7 70.9 A 17.5 13.2 BBB 0.0 12.4 BB 0.0 0.1 B 0.0 0.0 CCC 0.0 0.0 CC 0.0 0.0 C 0.0 0.0 N/R 0.1 0.0 Quality Rating Pe r c e n t o f P o r t f o l i o Weighted Average:Quality Long Term Operating Fund: ML:Corp/Gov 1-5 Yr: AA AA 20Orange County Sanitation District Liquid Operating Money Period Ended December 31, 2024 Investment Philosophy Assets were transferred in kind to Insight on 3/1/2024. Performance from 12/1/2014 to 3/1/2024 represents Chandler. Previous performance reflects PIMCO. Quarterly Summary and Highlights Liquid Operating Money Net’s portfolio posted a 1.23% return for the quarter placing it in the 11 percentile of the Callan Money Market Funds group for the quarter and in the 36 percentile for the last year. Liquid Operating Money Net’s portfolio outperformed the Citigroup 3-Month Treasury Bill by 0.00% for the quarter and underperformed the Citigroup 3-Month Treasury Bill for the year by 0.19%. Quarterly Asset Growth Beginning Market Value $40,552,172 Net New Investment $75,000,000 Investment Gains/(Losses) $705,006 Ending Market Value $116,257,178 Performance vs Callan Money Market Funds (Net) 0% 1% 2% 3% 4% 5% 6% 7% Last Quarter Last Last 3 Years Last 5 Years Last 7 Years Last 10 Years Last 10 Years Last 29-1/4 Year Years (11)(11) (36)(28) (40)(11) (37)(22)(30)(23) (26)(22)(26)(22) (10)(15) 10th Percentile 1.26 6.20 4.08 2.74 2.63 2.20 2.20 2.3925th Percentile 1.17 5.58 3.92 2.50 2.36 1.72 1.72 2.23 Median 1.12 5.14 3.71 2.31 2.12 1.55 1.55 2.13 75th Percentile 1.07 4.92 3.55 2.20 2.02 1.46 1.46 2.04 90th Percentile 0.94 4.67 3.24 2.03 1.84 1.32 1.32 1.90 Liquid Operating Money Net 1.23 5.26 3.79 2.40 2.28 1.71 1.71 2.42 Citigroup 3-MonthTreasury Bill 1.23 5.45 4.05 2.54 2.40 1.79 1.79 2.33 Relative Returns vs Citigroup 3-Month Treasury Bill Re l a t i v e R e t u r n s (0.30%) (0.20%) (0.10%) 0.00% 0.10% 0.20% 0.30% 0.40% 2018 2019 2020 2021 2022 2023 2024 Liquid Operating Money Net Callan Money Market Funds (Net) Annualized Seven Year Risk vs Return 0 1 2 3 4 5 6 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% Citigroup 3-Month Treasury Bill Liquid Operating Money Net Standard Deviation Re t u r n s 21Orange County Sanitation District Liquid Operating Money Net Return Analysis Summary Return Analysis The graphs below analyze the manager’s return on both a risk-adjusted and unadjusted basis. The first chart illustrates the manager’s ranking over different periods versus the appropriate style group. The second chart shows the historical quarterly and cumulative manager returns versus the appropriate market benchmark. The last chart illustrates the manager’s ranking relative to their style using various risk-adjusted return measures. Assets were transferred in kind to Insight on 3/1/2024. Performance from 12/1/2014 to 3/1/2024 represents Chandler. Previous performance reflects PIMCO. Performance vs Callan Money Market Funds (Net) (2%)(1%)0% 1% 2% 3%4%5% 6% 7% 8% 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 3628 4530 6117 8822 2426 2827 2312 3530 2932 2236 10th Percentile 6.20 6.22 1.57 0.19 1.70 3.20 1.89 1.42 1.32 0.2825th Percentile 5.58 5.49 1.43 0.03 0.62 2.32 1.72 0.91 0.39 0.06Median 5.14 4.97 1.27 0.01 0.34 1.96 1.53 0.61 0.14 0.01 75th Percentile 4.92 4.75 0.38 0.01 0.27 1.76 1.31 0.42 0.05 0.01 90th Percentile 4.67 4.57 (0.95) (0.03)0.19 1.50 1.07 0.23 0.01 0.00 Liquid Operating Money Net 5.26 5.02 1.14 (0.00)0.69 2.24 1.75 0.76 0.32 0.07 Citigroup 3-MonthTreasury Bill 5.45 5.26 1.50 0.05 0.58 2.25 1.86 0.84 0.27 0.03 Cumulative and Quarterly Relative Returns vs Citigroup 3-Month Treasury Bill Qu a r t e r l y R e l a t i v e R e t u r n s Cu m u l a t i v e R e l a t i v e R e t u r n s (0.15%) (0.10%) (0.05%) 0.00% 0.05% 0.10% 0.15% 0.20% 0.25% 0.30% 0.35% (3.0%) (2.5%) (2.0%) (1.5%) (1.0%) (0.5%) 0.0% 0.5% 1.0% 1.5% 2.0% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Liquid Operating Money Net Callan Money Market Funds Risk Adjusted Return Measures vs Citigroup 3-Month Treasury Bill Rankings Against Callan Money Market Funds (Net) Seven Years Ended December 31, 2024 (5) (4) (3) (2) (1) 0 1 Alpha Sharpe Excess Return Ratio Ratio (11)(31) (32) 10th Percentile (0.04)0.15 0.17 25th Percentile (0.17)0.00 (0.15) Median (0.30)(0.23)(2.77)75th Percentile (0.41)(0.35)(3.37)90th Percentile (0.61)(0.53)(3.67) Liquid Operating Money Net (0.06)(0.07)(0.78) 22Orange County Sanitation District Definitions Risk/Reward Statistics The risk statistics used in this report examine performance characteristics of a manager or a portfolio relative to a benchmark (market indicator) which assumes to represent overall movements in the asset class being considered. The main unit of analysis is the excess return, which is the portfolio return minus the return on a risk free asset (3 month T-Bill). Alpha measures a portfolio’s return in excess of the market return adjusted for risk. It is a measure of the manager’s contribution to performance with reference to security selection. A positive alpha indicates that a portfolio was positively rewarded for the residual risk which was taken for that level of market exposure. Beta measures the sensitivity of rates of portfolio returns to movements in the market index. A portfolio’s beta measures the expected change in return per 1% change in the return on the market. If a beta of a portfolio is 1.5, a 1 percent increase in the return on the market will result, on average, in a 1.5 percent increase in the return on the portfolio. The converse would also be true. Downside Risk stems from the desire to differentiate between "good risk" (upside volatility) and "bad risk" (downside volatility). Whereas standard deviation punishes both upside and downside volatility, downside risk measures only the standard deviation of returns below the target. Returns above the target are assigned a deviation of zero. Both the frequency and magnitude of underperformance affect the amount of downside risk. Excess Return Ratio is a measure of risk adjusted relative return. This ratio captures the amount of active management performance (value added relative to an index) per unit of active management risk (tracking error against the index.) It is calculated by dividing the manager’s annualized cumulative excess return relative to the index by the standard deviation of the individual quarterly excess returns. The Excess Return Ratio can be interpreted as the manager’s active risk/reward tradeoff for diverging from the index when the index is mandated to be the "riskless" market position. Information Ratio measures the manager’s market risk-adjusted excess return per unit of residual risk relative to a benchmark. It is computed by dividing alpha by the residual risk over a given time period. Assuming all other factors being equal, managers with lower residual risk achieve higher values in the information ratio. Managers with higher information ratios will add value relative to the benchmark more reliably and consistently. R-Squared indicates the extent to which the variability of the portfolio returns are explained by market action. It can also be thought of as measuring the diversification relative to the appropriate benchmark. An r-squared value of .75 indicates that 75% of the fluctuation in a portfolio return is explained by market action. An r-squared of 1.0 indicates that a portfolio’s returns are entirely related to the market and it is not influenced by other factors. An r-squared of zero indicates that no relationship exists between the portfolio’s return and the market. Relative Standard Deviation is a simple measure of a manager’s risk (volatility) relative to a benchmark. It is calculated by dividing the manager’s standard deviation of returns by the benchmark’s standard deviation of returns. A relative standard deviation of 1.20, for example, means the manager has exhibited 20% more risk than the benchmark over that time period. A ratio of .80 would imply 20% less risk. This ratio is especially useful when analyzing the risk of investment grade fixed-income products where actual historical durations are not available. By using this relative risk measure over rolling time periods one can illustrate the "implied" historical duration patterns of the portfolio versus the benchmark. Residual Portfolio Risk is the unsystematic risk of a fund, the portion of the total risk unique to the fund (manager) itself and not related to the overall market. This reflects the "bets" which the manager places in that particular asset market. These bets may reflect emphasis in particular sectors, maturities (for bonds), or other issue specific factors which the manager considers a good investment opportunity. Diversification of the portfolio will reduce or eliminate the residual risk of that portfolio. 24 Risk/Reward Statistics Rising Declining Periods refer to the sub-asset class cycles vis-a-vis the broader asset class. This is determined by evaluating the cumulative relative sub-asset class index performance to that of the broader asset class index. For example, to determine the Growth Style cycle, the S&P 500 Growth Index (sub-asset class) performance is compared to that of the S&P 500 Index (broader asset class). Sharpe Ratio is a commonly used measure of risk-adjusted return. It is calculated by subtracting the "risk-free" return (usually 3 Month Treasury Bill) from the portfolio return and dividing the resulting "excess return" by the portfolio’s risk level (standard deviation). The result is a measure of return gained per unit of risk taken. Sortino Ratio is a downside risk-adjusted measure of value-added. It measures excess return over a benchmark divided by downside risk. The natural appeal is that it identifies value-added per unit of truly bad risk. The danger of interpretation, however, lies in these two areas: (1) the statistical significance of the denominator, and (2) its reliance on the persistence of skewness in return distributions. Standard Deviation is a statistical measure of portfolio risk. It reflects the average deviation of the observations from their sample mean. Standard deviation is used as an estimate of risk since it measures how wide the range of returns typically is. The wider the typical range of returns, the higher the standard deviation of returns, and the higher the portfolio risk. If returns are normally distributed (ie. has a bell shaped curve distribution) then approximately 2/3 of the returns would occur within plus or minus one standard deviation from the sample mean. Total Portfolio Risk is a measure of the volatility of the quarterly excess returns of an asset. Total risk is composed of two measures of risk: market (non-diversifiable or systematic) risk and residual (diversifiable or unsystematic) risk. The purpose of portfolio diversification is to reduce the residual risk of the portfolio. Tracking Error is a statistical measure of a portfolio’s risk relative to an index. It reflects the standard deviation of a portfolio’s individual quarterly or monthly returns from the index’s returns. Typically, the lower the Tracking Error, the more "index-like" the portfolio. Treynor Ratio represents the portfolio’s average excess return over a specified period divided by the beta relative to its benchmark over that same period. This measure reflects the reward over the risk-free rate relative to the systematic risk assumed. Note: Alpha, Total Risk, and Residual Risk are annualized. 25 Fixed Income Portfolio Characteristics All Portfolio Characteristics are derived by first calculating the characteristics for each security, and then calculating the market value weighted average of these values for the portfolio. Allocation by Sector - Sector allocation is one of the tools which managers often use to add value without impacting the duration of the portfolio. The sector weights exhibit can be used to contrast a portfolio’s weights with those of the index to identify any significant sector bets. Average Coupon - The average coupon is the market value weighted average coupon of all securities in the portfolio. The total portfolio coupon payments per year are divided by the total portfolio par value. Average Moody’s Rating for Total Portfolio - A measure of the credit quality as determined by the individual security ratings. The ratings for each security, from Moody’s Investor Service, are compiled into a composite rating for the whole portfolio. Quality symbols range from Aaa+ (highest investment quality - lowest credit risk) to C (lowest investment quality - highest credit risk). Average Option Adjusted (Effective) Convexity - Convexity is a measure of the portfolio’s exposure to interest rate risk. It is a measure of how much the duration of the portfolio will change given a change in interest rates. Generally, securities with negative convexities are considered to be risky in that changes in interest rates will result in disadvantageous changes in duration. When a security’s duration changes it indicates that the stream of expected future cash-flows has changed, generally having a significant impact on the value of the security. The option adjusted convexity for each security in the portfolio is calculated using models developed by Lehman Brothers and Salomon Brothers which determine the expected stream of cash-flows for the security based on various interest rate scenarios. Expected cash-flows take into account any put or call options embedded in the security, any expected sinking-fund paydowns or any expected mortgage principal prepayments. Average Option Adjusted (Effective) Duration - Duration is one measure of the portfolio’s exposure to interest rate risk. Generally, the higher a portfolio’s duration, the more that its value will change in response to interest rate changes. The option adjusted duration for each security in the portfolio is calculated using models developed by Lehman Brothers and Salomon Brothers which determine the expected stream of cash-flows for the security based on various interest rate scenarios. Expected cash-flows take into account any put or call options embedded in the security, any expected sinking-fund paydowns or any expected mortgage principal prepayments. Average Price - The average price is equal to the portfolio market value divided by the number of securities in the portfolio. Portfolios with an average price above par will tend to generate more current income than those with an average price below par. Average Years to Expected Maturity - This is a measure of the market-value-weighted average of the years to expected maturity across all of the securities in the portfolio. Expected years to maturity takes into account any put or call options embedded in the security, any expected sinking-fund paydowns or any expected mortgage principal prepayments. Average Years to Stated Maturity - The average years to stated maturity is the market value weighted average time to stated maturity for all securities in the portfolio. This measure does not take into account imbedded options, sinking fund paydowns, or prepayments. Current Yield - The current yield is the current annual income generated by the total portfolio market value. It is equal to the total portfolio coupon payments per year divided by the current total portfolio market value. 26 Fixed Income Portfolio Characteristics Duration Dispersion - Duration dispersion is the market-value weighted standard deviation of the portfolio’s individual security durations around the total portfolio duration. The higher the dispersion, the more variable the security durations relative to the total portfolio duration ("barbellness"), and the smaller the dispersion, the more concentrated the holdings’ durations around the overall portfolio’s ("bulletness"). The purpose of this statistic is to gauge the "bulletness" or "barbellness" of a portfolio relative to its total duration and to that of its benchmark index. Effective Yield - The effective yield is the actual total annualized return that would be realized if all securities in the portfolio were held to their expected maturities. Effective yield is calculated as the internal rate of return, using the current market value and all expected future interest and principal cash flows. This measure incorporates sinking fund paydowns, expected mortgage principal prepayments, and the exercise of any "in-the-money" imbedded put or call options. Weighted Average Life - The weighted average life of a security is the weighted average time to payment of all remaining principal. It is calculated by multiplying each expected future principal payment amount by the time left to the payment. This amount is then divided by the total amount of principal remaining. Weighted average life is commonly used as a measure of the investment life for pass-through security types for comparison to non-pass-through securities. 27 Disclosures List of Callan’s Investment Manager Clients Confidential – For Callan Client Use Only Callan takes its fiduciary and disclosure responsibilities to clients very seriously. We recognize that there are numerous potential conflicts of interest encountered in the investment consulting industry, and that it is our responsibility to manage those conflicts effectively and in the best interest of our clients. At Callan, we employ a robust process to identify, manage, monitor, and disclose potential conflicts on an ongoing basis. The list below is an important component of our conflicts management and disclosure process. It identifies those investment managers that pay Callan fees for educational, consulting, software, database, or reporting products and services. We update the list quarterly because we believe that our fund sponsor clients should know the investment managers that do business with Callan, particularly those investment manager clients that the fund sponsor clients may be using or considering using. Please note that if an investment manager receives a product or service on a complimentary basis (e.g., attending an educational event), they are not included in the list below. Callan is committed to ensuring that we do not consider an investment manager’s business relationship with Callan, or lack thereof, in performing evaluations for or making suggestions or recommendations to its other clients. Please refer to Callan’s ADV Part 2A for a more detailed description of the services and products that Callan makes available to investment manager clients through our Institutional Consulting Group, Independent Adviser Group, and Fund Sponsor Consulting Group. Due to the complex corporate and organizational ownership structures of many investment management firms, parent and affiliate firm relationships are not indicated on our list. Fund sponsor clients may request a copy of the most currently available list at any time. Fund sponsor clients may also request specific information regarding the fees paid to Callan by particular fund manager clients. Per company policy, information requests regarding fees are handled exclusively by Callan’s Compliance department. Quarterly List as of December 31, 2024 December 31, 2024 Manager Name abrdn Investments Acadian Asset Management LLC Adams Street Partners, LLC Aegon Asset Management AEW Capital Management, L.P. AllianceBernstein Allspring Global Investments, LLC Altrinsic Global Advisors, LLC American Century Investments American Realty Advisors Amundi US, Inc. Antares Capital LP Apollo Global Management, Inc. AQR Capital Management Ares Management LLC ARGA Investment Management, LP Ariel Investments, LLC Aristotle Capital Management, LLC Manager Name Atlanta Capital Management Co., LLC Audax Private Debt AXA Investment Managers Baillie Gifford International, LLC Baird Advisors Barings LLC Baron Capital Management, Inc. Barrow, Hanley, Mewhinney & Strauss, LLC BentallGreenOak Beutel, Goodman & Company Ltd. BlackRock Blackstone Group (The) Blue Owl Capital, Inc. BNY Mellon Asset Management Boston Partners Brandes Investment Partners, L.P. Brandywine Global Investment Management, LLC Brookfield Asset Management Inc. December 31, 2024 Manager Name Brown Brothers Harriman & Company Brown Investment Advisory & Trust Company Capital Group CastleArk Management, LLC Cercano Management LLC CIBC Asset Management CIM Group, LP ClearBridge Investments, LLC Cohen & Steers Capital Management, Inc. Columbia Threadneedle Investments Comvest Partners Crescent Capital Group LP Dana Investment Advisors, Inc. DePrince, Race & Zollo, Inc. Diamond Hill Capital Management, Inc. Dimensional Fund Advisors L.P. DoubleLine DWS EAM Investors, LLC EARNEST Partners, LLC Fayez Sarofim & Company Federated Hermes, Inc. Fidelity Institutional Asset Management Fiera Capital Corporation First Eagle Investment Management, LLC First Hawaiian Bank Wealth Management Division Fisher Investments Franklin Templeton Fred Alger Management, LLC GAMCO Investors, Inc. GlobeFlex Capital, L.P. Goldman Sachs Golub Capital GW&K Investment Management Harbor Capital Group Trust Hardman Johnston Global Advisors LLC Heitman LLC Hotchkis & Wiley Capital Management, LLC HPS Investment Partners, LLC IFM Investors Manager Name Impax Asset Management LLC Income Research + Management Insight Investment Intercontinental Real Estate Corporation Invesco J.P. Morgan Janus Jennison Associates LLC Jobs Peak Advisors Kayne Anderson Rudnick Investment Management, LLC KeyCorp King Street Capital Management, L.P. Kohlberg Kravis Roberts & Co. L.P. (KKR) Lazard Asset Management LGIM America Lincoln National Corporation Longview Partners Loomis, Sayles & Company, L.P. Lord, Abbett & Company LSV Asset Management MacKay Shields LLC Macquarie Asset Management Manulife Investment Management Manulife | CQS Investment Management Marathon Asset Management, L.P. Mawer Investment Management Ltd. MetLife Investment Management MFS Investment Management Mondrian Investment Partners Limited Montag & Caldwell, LLC Morgan Stanley Investment Management MUFG Bank, Ltd. Natixis Investment Managers Neuberger Berman Newmarket Capital Newton Investment Management Nikko Asset Management Co., Ltd. Ninety One North America, Inc. Northern Trust Asset Management Nuveen December 31, 2024 Manager Name Oaktree Capital Management, L.P. Orbis Investment Management Limited P/E Investments Pacer Financial Inc. Pacific Investment Management Company Parametric Portfolio Associates LLC Partners Group (USA) Inc. Pathway Capital Management, LP Peavine Capital Peregrine Capital Management, LLC PGIM DC Solutions PGIM Fixed Income PGIM Quantitative Solutions LLC Pictet Asset Management PineBridge Investments Polaris Capital Management Polen Capital Management, LLC PPM America, Inc. Pretium Partners, LLC Principal Asset Management Raymond James Investment Management RBC Global Asset Management Regions Financial Corporation Rockpoint S&P Dow Jones Indices Sands Capital Management Schroder Investment Management North America Inc. Manager Name Segall Bryant & Hamill SLC Management Star Mountain Capital, LLC State Street Global Advisors Strategic Global Advisors, LLC Tilden Park Capital Management LP Tri-Star Bank T. Rowe Price Associates, Inc. TD Global Investment Solutions – TD Epoch The D.E. Shaw Group The TCW Group, Inc. Thompson, Siegel & Walmsley LLC TPG Angelo Gordon UBS Asset Management VanEck Versus Capital Group Victory Capital Management Inc. Virtus Investment Partners, Inc. Vontobel Asset Management Voya Walter Scott & Partners Limited WCM Investment Management Wellington Management Company LLP Western Asset Management Company LLC Westfield Capital Management Company, LP William Blair & Company LLC Xponance, Inc. Important Disclosures Information contained in this document may include confidential, trade secret and/or proprietary information of Callan and the client. It is incumbent upon the user to maintain such information in strict confidence. Neither this document nor any specific information contained herein is to be used other than by the intended recipient for its intended purpose. The content of this document is particular to the client and should not be relied upon by any other individual or entity. There can be no assurance that the performance of any account or investment will be comparable to the performance information presented in this document. Certain information herein has been compiled by Callan from a variety of sources believed to be reliable but for which Callan has not necessarily verified for accuracy or completeness. Information contained herein may not be current. Callan has no obligation to bring current the information contained herein. Callan’s performance, market value, and, if applicable, liability calculations are inherently estimates based on data available at the time each calculation is performed and may later be determined to be incorrect or require subsequent material adjustment due to many variables including, but not limited to, reliance on third party data, differences in calculation methodology, presence of illiquid assets, the timing and magnitude of unrecognized cash flows, and other data/assumptions needed to prepare such estimated calculations. In no event should the performance measurement and reporting services provided by Callan be used in the calculation, deliberation, policy determination, or any other action of the client as it pertains to determining amounts, timing or activity of contribution levels or funding amounts, rebalancing activity, benefit payments, distribution amounts, and/or performance-based fee amounts, unless the client understands and accepts the inherent limitations of Callan’s estimated performance, market value, and liability calculations. Callan’s performance measurement service reports estimated returns for a portfolio and compares them against relevant benchmarks and peer groups, as appropriate; such service may also report on historical portfolio holdings, comparing them to holdings of relevant benchmarks and peer groups, as appropriate ("portfolio holdings analysis"). To the extent that Callan’s reports include a portfolio holdings analysis, Callan relies entirely on holdings, pricing, characteristics, and risk data provided by third parties including custodian banks, record keepers, pricing services, index providers, and investment managers. Callan reports the performance and holdings data as received and does not attempt to audit or verify the holdings data. Callan is not responsible for the accuracy or completeness of the performance or holdings data received from third parties and such data may not have been verified for accuracy or completeness. Callan’s performance measurement service may report on illiquid asset classes, including, but not limited to, private real estate, private equity, private credit, hedge funds and infrastructure. The final valuation reports, which Callan receives from third parties, for of these types of asset classes may not be available at the time a Callan performance report is issued. As a result, the estimated returns and market values reported for these illiquid asset classes, as well as for any composites including these illiquid asset classes, including any total fund composite prepared, may not reflect final data, and therefore may be subject to revision in future quarters. The content of this document may consist of statements of opinion, which are made as of the date they are expressed and are not statements of fact. The opinions expressed herein may change based upon changes in economic, market, financial and political conditions and other factors. Callan has no obligation to bring current the opinions expressed herein. The information contained herein may include forward-looking statements regarding future results. The forward-looking statements herein: (i) are best estimations consistent with the information available as of the date hereof and (ii) involve known and unknown risks and uncertainties. Actual results may vary, perhaps materially, from the future results projected in this document. Undue reliance should not be placed on forward-looking statements. Callan is not responsible for reviewing the risks of individual securities or the compliance/non-compliance of individual security holdings with a client’s investment policy guidelines. This document should not be construed as legal or tax advice on any matter. You should consult with legal and tax advisers before applying any of this information to your particular situation. Reference to, or inclusion in this document of, any product, service or entity should not necessarily be construed as recommendation, approval, or endorsement or such product, service or entity by Callan. This document is provided in connection with Callan’s consulting services and should not be viewed as an advertisement of Callan, or of the strategies or products discussed or referenced herein. The issues considered and risks highlighted herein are not comprehensive and other risks may exist that the user of this document may deem material regarding the enclosed information. Please see any applicable full performance report or annual communication for other important disclosures. Unless Callan has been specifically engaged to do so, Callan does not conduct background checks or in-depth due diligence of the operations of any investment manager search candidate or investment vehicle, as may be typically performed in an operational due diligence evaluation assignment and in no event does Callan conduct due diligence beyond what is described in its report to the client. Any decision made on the basis of this document is sole responsibility of the client, as the intended recipient, and it is incumbent upon the client to make an independent determination of the suitability and consequences of such a decision. Callan undertakes no obligation to update the information contained herein except as specifically requested by the client. Past performance is no guarantee of future results. Investment Transactions and Balances in LAIF Par Value Book Value Market Value Rate Yield Balance 12/1/2024 $72,662,667 $72,662,667 $72,662,667 4.43 4.43 Deposits: 12/19/2024 14,000,000 14,000,000 14,000,000 4.43 4.43 Total Deposits 14,000,000 14,000,000 14,000,000 4.43 4.43 Quarterly Interest Distribution - - - 4.43 4.43 Withdrawals: 12/3/2024 (1,800,000) (1,800,000) (1,800,000) 4.43 4.43 12/11/2024 (7,000,000) (7,000,000) (7,000,000) 4.43 4.43 12/17/2024 (4,000,000) (4,000,000) (4,000,000) 4.43 4.43 12/23/2024 (6,000,000) (6,000,000) (6,000,000) 4.43 4.43 Total Withdrawals (18,800,000) (18,800,000) (18,800,000) 4.43 4.43 Balance 12/31/2024 $67,862,667 $67,862,667 $67,862,667 4.43 4.43 Orange County Sanitation District Investment Transactions and Balances in the State of California Local Agency Investment Fund December 31, 2024 BNY Mellon Owner Controlled Insurance Program Escrow Account PARS Section 115 Trust Account Report PARS - U.S. Bank Month End Investment Detail with Accruals January 31, 2025 STAFF REPORT Certificates of Participation (COP) Report For the Mid-Year Ended December 31, 2024 Summary The Orange County Sanitation District (OC San) began issuing Certificates of Participation (COPs) in 1990. These COPs were a part of our long-term financing plan that included both variable interest rate and traditional fixed rate borrowing. There remains no variable interest rate COPs at OC San. Following are the current outstanding debt issues of OC San: In May 2010, OC San issued $80 million of fixed rate Build America Bonds (BABs), Series 2010A at a true interest cost of 3.68 percent for the issue. In December 2010, OC San issued $157 million of fixed rate BABs, Series 2010C at a true interest cost of 4.11 percent for the issue. In March 2016, OC San issued $145.88 million of fixed rate COPs, Series 2016A, refunding $162.78 million of the Series 2009A fixed rate debt. The true interest cost for the issue is 3.02 percent. In February 2017, OC San issued $66.37 million of fixed rate COPs, Series 2017A, refunding $91.885 million of the Series 2007A debt. The true interest cost for the issue is 2.55 percent. In July 2021, OC San issued $133.51 million of fixed rate COPs, Series 2021A, refunding $61.575 million of the Series 2011A fixed rate debt and $102.2 million of the Series 2018A fixed rate debt. The true interest cost for the issue is 1.06 percent. In February 2022, OC San issued $81.62 million of fixed rate COPs, Series 2022A, refunding $100.645 million of the Series 2012A fixed rate debt and $6.67 million of the Series 2012B fixed rate debt. The true interest cost for the issue is 1.59 percent. In May 2024, OC San issued $139.72 million of fixed rate COPs, Series 2024A, refunding $30.095 million of the Series 2014A fixed rate debt and $127.51 million of the Series 2015A fixed rate debt. The true interest cost for the issue is 2.72 percent. COP Report For the Period Ended December 31, 2024 Page 2 of 2 Issue Description Outstanding COP Balance Annual Interest Rate Approx Annual Interest Original Principal Issue Date Final Maturity 2010A Fixed 80,000,000.00 3.68% 2,944,000.00 80,000,000.00 5/18/2010 2/1/2040 2010C Fixed 22,830,000.00 4.11% 938,313.00 157,000,000.00 12/8/2010 2/1/2032 2016A Fixed 121,485,000.00 3.02% 3,668,847.00 145,880,000.00 3/30/2016 2/1/2039 2017A Fixed 65,815,000.00 2.55% 1,681,437.01 66,370,000.00 2/1/2017 2/1/2030 2021A Fixed 94,645,000.00 1.06% 1,003,237.00 133,510,000.00 7/29/2021 2/1/2036 2022A Fixed 81,620,000.00 1.59% 1,297,758.00 81,620,000.00 2/1/2022 2/1/2033 2024A Fixed 139,720,000.00 2.72% 3,800,384.00 139,720,000.00 5/7/2024 2/1/2037 606,115,000.00 15,333,976.01 804,100,000.00 2.53%Weighted Avg Cost of Funds ORANGE COUNTY SANITATION DISTRICTFINANCIAL MANAGEMENT DIVISION18480 Bandilier CircleFountain Valley, California 92708-7018714.962.2411 | www.ocsan.gov 12/31/24 2/3/2025 1 Mid-Year Financial Report Presented by Ruth Zintzun, Finance Manager Administration Committee February 12, 2025 2 Budget Cycle July December June FY 2024-25 Budget Effective Mid Year Financial Report End of FY 2024-25 1 2 2/3/2025 2 3 Revenue Fees and Charges $384 Property Taxes $118 Other $30 FY 2024-25 Budget (Millions) Fees and Charges $178 Property Taxes $52 Other $23 Actuals through 12/31/2024 (Millions) 48% 4 Operating Budget FY 2024-25 Budget (Millions) $233$0 $112 48.1% 3 4 2/3/2025 3 5 Operating Detail $- $5 $10 $15 $20 $25 $30 $35 Mi l l i o n s 49% Chemicals Utilities Repairs and Maintenance 47% 55% 6 Capital Improvement Program $0 $50 $100 $150 $200 $250 FY 2024-25 Budget Actuals through 12/31/2024 Mi l l i o n s 5 6 2/3/2025 4 7 Outstanding Debt $- $100 $200 $300 $400 $500 $600 $700 Mi l l i o n s 8 •Continue to monitor monthly actuals •Adjust operations where possible •Incorporate in upcoming budget update where applicable Next Steps 7 8 2/3/2025 5 Questions? 9 9 ADMINISTRATION COMMITTEE Agenda Report Headquarters 18480 Bandilier Circle Fountain Valley, CA 92708 (714) 593-7433 File #:2024-3993 Agenda Date:2/12/2025 Agenda Item No:7. FROM:Robert Thompson, General Manager Originator: Wally Ritchie, Director of Finance SUBJECT: ACCEPTANCE OF CREDIT CARDS AND DEBIT CARDS AS FORMS OF PAYMENT GENERAL MANAGER'S RECOMMENDATION RECOMMENDATION: Recommend to the Board of Directors to: Adopt Resolution No.OC SAN 25-XX entitled:“A Resolution of the Board of Directors of the Orange County Sanitation District Authorizing Acceptance of Credit Cards and Debit Cards as Payment for OC San Fees and Charges”. BACKGROUND Orange County Sanitation District (OC San)currently accepts the following forms of payments for fees and charges: ·Cash ·Checks ·Automated Clearing House (ACH) ·Wire transfers OC San does not currently accept credit card and debit card payments. RELEVANT STANDARDS ·Maintain a culture of improving efficiency to reduce the cost to provide the current service level or standard ·Comply with Government Code Section 6159 PROBLEM OC San does not currently accept credit card and debit card payment for any fees and charges. Therefore, customers must pay in person or by mail. Orange County Sanitation District Printed on 2/4/2025Page 1 of 2 powered by Legistar™ File #:2024-3993 Agenda Date:2/12/2025 Agenda Item No:7. PROPOSED SOLUTION Adopt Resolution No.OC SAN 25-XX to allow the acceptance of credit cards and debit cards as payment for OC San fees and charges.The proposed resolution allows for the recovery of costs for these forms of payment not to exceed 2.69% or a minimum fee of $2.00 per transaction. TIMING CONCERNS If adopted the Resolution would take effect February 26, 2025. RAMIFICATIONS OF NOT TAKING ACTION OC San will continue to not be able to accept credit cards and debit cards as payment for OC San fees and charges. PRIOR COMMITTEE/BOARD ACTIONS N/A ADDITIONAL INFORMATION OC San conducted a competitive solicitation for online payment and credit/debit card processing companies.As a result of the solicitation,a contract has been awarded to Point and Pay,LLC for the services.The solicitation process was within the General Manager’s delegated authority;therefore approval of the vendor is not included in this action. CEQA N/A FINANCIAL CONSIDERATIONS Administration fees are included in the FY 2024-25 and FY 2025-26 Budget,Section 6,Page 16, Professional &Contractual Services.Charges imposed by banks and the online payment provider will be passed through to the customer and included at the time of payment. ATTACHMENT The following attachment(s)may be viewed on-line at the OC San website (www.ocsan.gov)with the complete agenda package: ·Resolution No. OC SAN 25-XX Orange County Sanitation District Printed on 2/4/2025Page 2 of 2 powered by Legistar™ OC SAN 25-XX RESOLUTION NO. OC SAN 25-XX A RESOLUTION OF THE BOARD OF DIRECTORS OF THE ORANGE COUNTY SANITATION DISTRICT AUTHORIZING ACCEPTANCE OF CREDIT CARDS AND DEBIT CARDS AS PAYMENT FOR OC SAN FEES AND CHARGES. WHEREAS, Health & Safety Code Section 5471 authorizes the Board of Directors of the Orange County Sanitation District (OC San) to impose fees and other charges for services and facilities furnished by OC San in connection with OC San’s wastewater collection, treatment, disposal, and reuse system; and WHEREAS, Government Code Section 6159 authorizes the Board of Directors of the Orange County Sanitation District to approve the acceptance of credit cards, debit cards and electronic funds transfers; and WHEREAS, the public is presently unable to pay OC San for fees and charges by credit or debit card; and WHEREAS, the fees and charges to OC San for the use of credit and debit cards shall be charged to and paid by the card user. NOW, THEREFORE, the Board of Directors of the Orange County Sanitation District, DOES HEREBY RESOLVE, DETERMINE, AND ORDER: 1. The Board of Directors hereby approves the use of credit and debit cards for the payment of any fees and charges owing to OC San, as permitted by Government Code section 6159. 2. The Board of Directors hereby finds and determines that the proposed fees are equal to the costs of the transaction and do not raise any general-purpose revenue. 3. A service fee not to exceed 2.69 percent of the payment amount for each payment transaction, with a minimum fee of $2.00, is hereby adopted and authorized to be charged to the credit card user. 4. A service fee not to exceed 2.69 percent of the payment amount for each payment transaction, with a minimum fee of $2.00, is hereby adopted and authorized to be charged to the debit card user. 5. The fees herein adopted are exempt from Environmental Impact Report requirement of California Public Resources Code section 2100 et seq. and the public meeting requirements of Government Code section 54954.6 by virtue of the exceptions enumerated in California Public Resources Code Section 21080(b) and Government Code section 54954.6(a)(1)(A). 6. This resolution will take effect immediately. OC SAN 25-XX PASSED AND ADOPTED at a regular meeting of the Board of Directors of the Orange County Sanitation District held February 26, 2025. ______________________________ Ryan P. Gallagher Board Chairman ATTEST: ____________________________________ Kelly A. Lore, MMC Clerk of the Board OC SAN 25-XX STATE OF CALIFORNIA ) )SS. COUNTY OF ORANGE ) I, Kelly A. Lore, Clerk of the Board of Directors of the Orange County Sanitation District, do hereby certify that the above and foregoing Resolution No. OCSAN 25-XX was passed and adopted at a regular meeting of said Board on the 26th of February 2025, by the following vote, to wit: AYES: NOES: ABSTENTIONS: ABSENT: IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of Orange County Sanitation District this 26th of February 2025. _______________________________ Kelly A. Lore, MMC Clerk of the Board of Directors Orange County Sanitation District ADMINISTRATION COMMITTEE Agenda Report Headquarters 18480 Bandilier Circle Fountain Valley, CA 92708 (714) 593-7433 File #:2025-4052 Agenda Date:2/12/2025 Agenda Item No:8. FROM:Robert Thompson, General Manager Originator: Lorenzo Tyner, Assistant General Manager SUBJECT: FLEET CUSTOM EQUIPMENT REPLACEMENT GENERAL MANAGER'S RECOMMENDATION RECOMMENDATION: Recommend to the Board of Directors to: A. Approve an Equipment and Services Contract to Idaho Truck Specialties, LLC DBA Cobalt Truck Equipment, for the Collections Pull Rig Project, to provide a custom-built replacement piece of equipment (Unit) that is similar in nature to the existing Pull Rig equipment in operation, for a total amount not to exceed $247,621, to be completed within three hundred sixty five (365) calendar days from the effective date of the Notice to Proceed; B. Approve two (2) optional one-year renewals, each for a total amount not to exceed $247,621, with an application of annual adjustment based on the Consumer Price Index (CPI) for Nevada not to exceed 3.5% per year; and C. Approve a total contingency of $148,573 (20%). BACKGROUND Orange County Sanitation District’s (OC San)wastewater collection system is maintained using mechanical equipment to remove grit and debris from the sewer system.The mechanical equipment consists of cabled tires ranging from 15 to 48 inches tethered to a custom-built vehicle with a heavy- duty winch and cable system.This custom-built equipment is labeled as a Pull-Rig by OC San.The units currently in service employ a planetary winch and supplemental capstan with approximately 3,000 feet of 3/8”wire rope (cable).The winch system is the primary reason for this custom-built body attached to a medium-duty cab and chassis from model years 2006,2008,and 2013.Operator controls are mounted at the vehicle's rear so that the operator can control the unit by standing at ground level.The units in service can handle 23,000 lbs.of pull on the cable.OC San currently has three of these units in operation which are necessary to maintain the collection system.Purchasing units before 2027 allows for the use of gasoline engines rather than battery electric units. RELEVANT STANDARDS ·Protect OC San assets ·Ensure the public’s money is wisely spent Orange County Sanitation District Printed on 2/4/2025Page 1 of 4 powered by Legistar™ File #:2025-4052 Agenda Date:2/12/2025 Agenda Item No:8. ·Commitment to safety & reducing risk in all operations PROBLEM OC San’s three Pull Rigs currently in operation are aging,experiencing frequent breakdowns,and incurring increased maintenance costs.Many of the components are becoming obsolete and are no longer economical to maintain.These units were custom-built and are not a candidate for refurbishment due to the cost, custom nature, and necessary safety improvements required. PROPOSED SOLUTION Replace one of the aging Pull Rigs by entering into an Equipment Design and Fabrication Services Contract with Cobalt Truck Equipment (Cobalt).Commission the new unit,ensure adherence to the contracted scope and make any necessary modifications for functionality and safety.Upon successful completion of the commissioning of the first unit,engage with Cobalt to build up to two additional replacement units. TIMING CONCERNS The Pull Rigs currently in operation profiled for replacement are becoming increasingly unreliable with age.Delaying the replacement of the units will incur additional costs to keep the equipment in operation beyond its practical useful and economic life. RAMIFICATIONS OF NOT TAKING ACTION The units currently in operation may fail with age,thus preventing critical maintenance cleaning tasks of the collection system.Without proper maintenance,debris can accumulate inside the pipes, increasing the risk of a sewer spill in the public right of way. PRIOR COMMITTEE/BOARD ACTIONS N/A ADDITIONAL INFORMATION In March of 2021,an RFP was advertised for the Collections Pull Rig project.No proposals were received therefore the procurement was put on hold.In the interim,the units in current operation were lightly refurbished.On September 17,2024,OC San advertised an RFP to procure the work and services outlined in the Collections Pull Rig project’s scope of work (SOW)with revisions that included a design-build approach more appropriate to custom-built equipment.The following evaluation criteria were described in the RFP and used to determine the most qualified firm. Criterion Weighting Project Understanding and Approach 40% Qualifications and Experience 40% Fee Proposal 20% Orange County Sanitation District Printed on 2/4/2025Page 2 of 4 powered by Legistar™ File #:2025-4052 Agenda Date:2/12/2025 Agenda Item No:8. OC San received two proposals,both of which were evaluated and individually scored based on the criteria and weighting requirements included in the RFP and in accordance with the evaluation process set forth in OC San’s Purchasing Ordinance.The Evaluation Team scored the proposals on the established criteria as summarized in the table below. Proposer Project Understanding and Approach (Max. 40 Points) Qualifications and Experience (Max. 40 Points) Fee Proposal (Max. 20 Points) Total Score (Max. 100 Points) Cobalt Truck Equipment 27 28 15 70 QMC Cranes LLC 28 29 13 70 Interviews were conducted on November 6,2024.The Evaluation Team determined the highest- scoring proposer based on both the written proposal and the interview as summarized in the table below. Proposer Project Understanding and Approach (Max. 40 Points) Qualifications and Experience (Max. 40 Points) Fee Proposal (Max. 20 Points) Total Score (Max. 100 Points) Cobalt Truck Equipment 28 28 15 71 QMC Cranes LLC 35 32 13 80 Based on the final scores QMC Cranes,LLC (QMC)received the highest score since they provided an in-depth description of the project approach,demonstrated a good understanding of the SOW, and provided some innovative recommendations.However,QMC’s price is more than three times that of Cobalt’s price.QMC did not provide a detailed breakdown of what is included in their pricing. To understand price formulation by both proposers and to ensure that their proposed pricing was aligned with the current market conditions the Evaluation Team issued a request for itemized price breakdown. Below is the summary of the prices. Proposer Base Items Amount (Basis of Score) Optional Items Amount Fee Proposal Total Amount Cobalt Truck Equipment $226,693.06 $20,927.94 $247,621.00 QMC Cranes LLC $670,000.00 $225,000.00 $895,000.00 QMC refused to provide itemized pricing stating that they did not have the resources to invest in this task without being compensated since Engineering time is required to develop a price breakdown. OC San evaluation staff explained to QMC that without the price breakdown any further evaluation and negotiations cannot proceed.QMC still persisted with their refusal to provide any price breakdown. Therefore, QMC was removed from further consideration. Cobalt provided the itemized price breakdown as requested by OC San.Cobalt provided the utmost Orange County Sanitation District Printed on 2/4/2025Page 3 of 4 powered by Legistar™ File #:2025-4052 Agenda Date:2/12/2025 Agenda Item No:8. Cobalt provided the itemized price breakdown as requested by OC San.Cobalt provided the utmost effort and demonstrated a good understanding of the SOW.Responsiveness demonstrated by Cobalt and additional information provided during the price review process assured the Evaluation Team of Cobalt’s qualifications to perform SOW and transparency of their pricing.The Evaluation Team evaluated all costs and deemed the final agreed-upon amount fair and reasonable for the agreed-upon SOW. CEQA N/A FINANCIAL CONSIDERATIONS This request complies with authority levels of OC San’s Purchasing Ordinance.This item has been budgeted (Budget FY 2024-25 and 2025-26,Section 8,Page 89,Proposed Capital Equipment Budget) and the budget is sufficient for the recommended action. Additional unit cost breakdown: First Unit (Base Year) First Optional Unit (Year One to be exercised at OC San’s discretion) Second Optional Unit (Year Two to be exercised at OC San’s discretion) Grand Toal of Three (3) Units $247,621 $247,621 $247,621 $742,863 ATTACHMENT The following attachment(s)may be viewed on-line at the OC San website (www.ocsan.gov)with the complete agenda package: ·Equipment and Services Contract ·Presentation Orange County Sanitation District Printed on 2/4/2025Page 4 of 4 powered by Legistar™ Equipment and Services Contract 1 of 11 COLLECTIONS PULL RIG PROJECT Revision 073024 EQUIPMENT AND SERVICES CONTRACT COLLECTIONS PULL RIG PROJECT This EQUIPMENT AND SERVICES CONTRACT (hereinafter referred to as “Contract”), is made and entered into as of the date fully executed below, by and between Orange County Sanitation District (hereinafter referred to as “OC San”) and Idaho Truck Specialties, LLC DBA Cobalt Truck Equipment (hereinafter referred to as “Contractor”), and collectively referred to herein as the “Parties.” R E C I T A L S WHEREAS, OC San desires to obtain Collections Pull Rig (“Equipment and Services”) as described in Exhibit “A” attached hereto and incorporated herein by this reference; and WHEREAS, Contractor may provide the Equipment and is qualified to perform the Services by virtue of experience, training, education, and expertise; and WHEREAS, OC San desires to engage Contractor to provide the Equipment and Services; and WHEREAS, OC San selected Contractor to provide the Equipment and Services in accordance with OC San’s current Purchasing Ordinance; and WHEREAS, on February 26, 2025, OC San’s Board of Directors, by minute order, authorized execution of this Contract. NOW, THEREFORE, in consideration of the above recitals and the mutual promises and benefits specified below, the Parties agree as follows: 1. General. 1.1 This Contract and all exhibits hereto are made by OC San and the Contractor. 1.2 The following exhibits, in order of precedence, are incorporated by reference and made part of this Contract. Exhibit “A” – Scope of Work Exhibit “B” – Fee Proposal Exhibit “C” – Determined Insurance Requirement Form Exhibit “D” – Performance and Payment Bonds 1.3 In the event of any conflict or inconsistency between the provisions of this Contract and any of the provisions of the exhibits hereto, the provisions in the Contract shall control and thereafter the provisions in the document highest in precedence shall be controlling. 1.4 Except as expressly provided otherwise, OC San accepts no liability for any expenses, losses, or actions incurred or undertaken by Contractor as a result of work performed in anticipation of acquisition of the Equipment and Services by OC San. 1.5 Work Hours: The work required under the Contract may include normal business hours, evenings, and weekends. All work or meetings with OC San staff shall be scheduled Monday through Friday, between the hours of 7:30 a.m. and 4:30 p.m. Equipment and Services Contract 2 of 11 COLLECTIONS PULL RIG PROJECT Revision 073024 1.6 Days: Shall mean calendar days, unless otherwise noted. 1.7 OC San holidays (non-working days) are as follows: New Year’s Day, Martin Luther King, Jr. Day, Presidents’ Day, Memorial Day, Independence Day, Labor Day, Veterans Day, Thanksgiving Day, Day after Thanksgiving, Christmas Eve, and Christmas Day. 1.8 Work: Shall mean all work, labor, and materials necessary to provide the Equipment and Services. 1.9 The provisions of this Contract may be amended or waived only by an amendment executed by authorized representatives of both Parties. 1.10 The various headings in this Contract are inserted for convenience only and shall not affect the meaning or interpretation of this Contract or any paragraph or provision hereof. 2. Scope of Work. 2.1 Contractor shall provide the Equipment and Services identified in Exhibit “A” and consistent with Exhibit “B”, in accordance with generally accepted industry and professional standards. 2.2 Modifications to Scope of Work. OC San shall have the right to modify the Scope of Work at any time. All modifications must be made by an amendment signed by both Parties. 2.3 Familiarity with Work. By executing this Contract, Contractor warrants that: (a) it has investigated the Work to be performed; (b) it understands the equipment, difficulties, and restrictions of the Work under this Contract; and (c) it has examined the equipment and is aware of all conditions of the Work. Should Contractor discover any latent or unknown condition materially differing from those inherent in the Work or as represented by OC San, it shall immediately inform OC San of this and shall not proceed, except at Contractor’s risk, until written instructions are received from OC San. 2.4 Performance. Time is of the essence in the performance of the provisions hereof. 3. Contract Term. 3.1 The Equipment and Services for the first Collections Pull-Rig Equipment (Unit) shall be completed within three hundred sixty five (365) calendar days from the effective date of the Notice to Proceed. 3.2 Renewals. At its sole discretion, OC San may exercise the option to renew this Contract for up to two (2) one-year periods. This Contract may be renewed by an OC San Purchase Order. OC San shall have no obligation to renew the Contract nor to give a reason if it elects not to renew it. 3.2.1 If activated on the first optional year renewal, the Equipment and Services for the second Collections Pull-Rig Equipment (Optional Unit) shall be completed within three hundred sixty five (365) calendar days from the effective date of the Notice to Proceed. Equipment and Services Contract 3 of 11 COLLECTIONS PULL RIG PROJECT Revision 073024 3.2.2 If activated on the second optional year renewal, the Equipment and Services for the third Collections Pull-Rig Equipment (Optional Unit) shall be completed within three hundred sixty five (365) calendar days from the effective date of the Notice to Proceed. 3.3 Extensions. The term of this Contract may be extended only by an amendment signed by both Parties. 4. Compensation. 4.1 As compensation for the Equipment and Services for the first Collections Pull-Rig Equipment (Unit) provided under this Contract, OC San shall pay Contractor a total amount not to exceed Two Hundred Forty Seven Thousand Six Hundred Twenty One Dollars ($247,621.00). 4.2 Optional Units: As compensation for the Equipment and Services for the two (2) optional Collections Pull-Rig Equipment (Optional Unit) provided under this Contract, OC San shall pay Contractor a total amount not to exceed Four Hundred Ninety Five Thousand Two Hundred Forty Two Dollars ($495,242.00), as itemized below. 4.2.1 The second Optional Unit is for a total amount not to exceed Two Hundred Forty Seven Thousand Six Hundred Twenty One Dollars ($247,621.00). OC San may exercise this Optional Unit on the first optional year renewal. 4.2.2 The third Optional Unit is for a total amount not to exceed Two Hundred Forty Seven Thousand Six Hundred Twenty One Dollars ($247,621.00). OC San may exercise this Optional Unit on the second optional year renewal. 4.3 At its sole discretion, OC San will determine to exercise the Optional Unit. OC San will issue a Notice to Proceed (NTP) to the Contractor to exercise the Optional Unit prior to it taking effect. OC San shall have no obligation to exercise the Optional Unit nor to give a reason if it elects not to exercise the Optional Unit. 4.4 Contractor shall provide OC San with all required premiums and/or overtime work at no charge beyond the amount specified above. 4.5 For purposes of adjusting the Unit Prices agreed to by the Parties in Exhibit “B”, Unit Prices may be adjusted annually based on the Consumer Price Index (CPI) for Nevada as of November of each year published by the United States Department of Labor, Bureau of Labor Statistics. Adjustments will only be reviewed on an annual basis. The annual adjustments shall not exceed 3.5%. 5. Payments and Invoicing. 5.1 OC San shall pay itemized invoices for work completed in accordance with Exhibit “A” and as specified in Exhibit “B”, thirty (30) days from receipt of the invoice and after approval by OC San’s Project Manager or designee. OC San shall be the determining party, in its sole discretion, as to whether the Equipment and Services have been satisfactorily completed. 5.2 If required, from each progress payment OC San shall retain five percent (5%) of the funds due the Contractor to assure satisfactory completion of the Contract. The cumulative amount retained as retention amounts shall be retained by OC San until the final payment, and shall not exceed 5% of the Contract Price as amended or adjusted by Change Orders, if applicable. Equipment and Services Contract 4 of 11 COLLECTIONS PULL RIG PROJECT Revision 073024 5.3 Contractor shall submit its invoices to OC San Accounts Payable by electronic mail to APStaff@OCSan.gov. In the subject line include “INVOICE” and the Purchase Order Number. 6. California Department of Industrial Relations Registration and Record of Wages. 6.1 To the extent Contractor’s employees and/or its subcontractors perform work related to this Contract for which Prevailing Wage Determinations have been issued by the California Department of Industrial Relations (DIR) as more specifically defined under Labor Code section 1720 et seq., prevailing wages are required to be paid for applicable work under this Contract. It is Contractor’s responsibility to interpret and implement any prevailing wage requirements and Contractor agrees to pay any penalty or civil damages resulting from a violation of the prevailing wage laws. 6.2 Contractor and its subcontractors shall comply with the registration requirements of Labor Code section 1725.5. Pursuant to Labor Code section 1771.4(a)(1), the work is subject to compliance monitoring and enforcement by the California Department of Industrial Relations (DIR). 6.3 Pursuant to Labor Code section 1773.2, a copy of the prevailing rate of per diem wages is available upon request at OC San’s principal office. The prevailing rate of per diem wages may also be found at the DIR website for prevailing wage determinations at http://www.dir.ca.gov/DLSR/PWD. 6.4 Contractor and its subcontractors shall comply with the job site notices posting requirements established by the Labor Commissioner per Title 8, California Code of Regulations section 16461(e). Pursuant to Labor Code sections 1773.2 and 1771.4(a)(2), Contractor shall post a copy of the prevailing rate of per diem wages at the job site. 6.5 Contractor and its subcontractors shall maintain accurate payroll records and shall comply with all the provisions of Labor Code section 1776. Contractor and its subcontractors shall submit payroll records to the Labor Commissioner pursuant to Labor Code section 1771.4(a)(3). Pursuant to Labor Code section 1776, the Contractor and its subcontractors shall furnish a copy of all certified payroll records to OC San and/or the general public upon request, provided the public request is made through OC San, the Division of Apprenticeship Standards, or the Division of Labor Standards Enforcement of the Department of Industrial Relations. Pursuant to Labor Code section 1776(h), penalties for non-compliance with a request for payroll records may be deducted from progress payments. 6.5.1 As a condition to receiving payments, Contractor agrees to present to OC San, along with any request for payment, all applicable and necessary certified payrolls and other required documents for the period covering such payment request. Pursuant to Title 8, California Code of Regulations section 16463, OC San shall withhold any portion of a payment, up to and including the entire payment amount, until certified payroll forms and any other required documents are properly submitted. In the event certified payroll forms do not comply with the requirements of Labor Code section 1776, OC San may continue to withhold sufficient funds to cover estimated wages and penalties under the Contract. Equipment and Services Contract 5 of 11 COLLECTIONS PULL RIG PROJECT Revision 073024 6.6 Contractor and its subcontractors shall comply with Labor Code section 1774 and section 1775. Pursuant to Labor Code section 1775, the Contractor and any of its subcontractors shall forfeit to OC San a penalty of not more than two hundred dollars ($200) for each calendar day, or portion thereof, for each worker paid less than the prevailing rates as determined by the DIR for the work or craft in which the worker is employed for any work. 6.6.1 In addition to the penalty and pursuant to Labor Code section 1775, the difference between the prevailing wage rates and the amount paid to each worker for each calendar day or portion thereof for which each worker was paid less than the prevailing wage rate shall be paid to each worker by the Contractor or its subcontractor. 6.7 Contractor and its subcontractors shall comply with Labor Code sections 1810 through 1815. Contractor and its subcontractors shall restrict working hours to eight (8) hours per day and forty (40) hours per week, except that work performed in excess of those limits shall be permitted upon compensation for all excess hours worked at not less than one and one-half (1.5) times the basic rate of pay, as provided in Labor Code section 1815. The Contractor shall forfeit, as a penalty to OC San, twenty-five dollars ($25) per worker per calendar day during which such worker is required or permitted to work more than eight (8) hours in any one calendar day and forty (40) hours in any one calendar week in violation of Labor Code sections 1810 through 1815. 6.8 Contractor and its subcontractors shall comply with Labor Code sections 1777.5, 1777.6, and 1777.7 concerning the employment of apprentices by Contractor or any subcontractor. 6.9 Contractor shall include, at a minimum, a copy of the following provisions in any contract it enters into with any subcontractor: Labor Code sections 1771, 1771.1, 1775, 1776, 1777.5, 1810, 1813, 1815, 1860, and 1861. 6.10 Pursuant to Labor Code sections 1860 and 3700, the Contractor and its subcontractors will be required to secure the payment of compensation to employees. Pursuant to Labor Code section 1861, Contractor, by accepting this contract, certifies that: “I am aware of the provisions of section 3700 of the Labor Code which require every employer to be insured against liability for workers’ compensation or to undertake self-insurance in accordance with the provisions of that code, and I will comply with such provisions before commencing the performance of the work of this contract.” Contractor shall ensure that all its contracts with its subcontractors provide the provision above. 7. Damage to OC San’s Property. Any of OC San’s property damaged by Contractor, any subcontractor, or by the personnel of either will be subject to repair or replacement by Contractor at no cost to OC San. 8. Freight (F.O.B. Destination). Contractor assumes full responsibility for all transportation, transportation scheduling, packing, handling, insurance, and other services associated with delivery of all products deemed necessary under this Contract. Equipment and Services Contract 6 of 11 COLLECTIONS PULL RIG PROJECT Revision 073024 9. Audit Rights. Contractor agrees that, during the term of this Contract and for a period of three (3) years after its expiration or termination, OC San shall have access to and the right to examine any directly pertinent books, documents, and records of Contractor relating to the invoices submitted by Contractor pursuant to this Contract. 10. Safety Regulations. OC San requires Contractor and its subcontractor(s) to follow and ensure their employees follow all Federal, State, and local safety regulations including OSHA and Cal/OSHA regulations, while working at OC San locations. Contractor, its subcontractors, and all of their employees shall adhere to the safety requirements in Exhibit “A.” 11. Insurance. Contractor and all its subcontractors shall purchase and maintain, throughout the term of this Contract and any periods of warranty or extensions, insurance in amounts equal to the requirements set forth in the signed Exhibit “C” – Determined Insurance Requirement Form. Contractor shall not commence work under this Contract until all required insurance is obtained in a form acceptable to OC San, nor shall Contractor allow any subcontractor to commence service pursuant to a subcontract until all insurance required of the subcontractor has been obtained. Failure to obtain and maintain the required insurance coverage shall result in termination of this Contract. 12. Bonds. Prior to entering into the Contract, Contractor shall furnish bonds (attached hereto in Exhibit “D”). The bonds shall be one in the amount of one hundred percent (100%) of the total Contract amount of the first Collections Pull-Rig Equipment (Unit), to guarantee the faithful performance of the work (Performance Bond), and the other in the amount of one hundred percent (100%) of the total Contract amount of the first Collections Pull-Rig Equipment (Unit), to guarantee payment of all claims for labor and materials furnished (Payment Bond). This Contract shall not become effective until such bonds are supplied to and accepted by OC San. Bonds must be issued by a California admitted surety and must be maintained throughout the life of the Contract and during the warranty period. Prior to starting the Work of any Optional Unit, Contractor shall furnish bonds (attached hereto in Exhibit “D”). The bonds shall be one in the amount of one hundred percent (100%) of the total Contract amount of the Optional Unit, to guarantee the faithful performance of the work (Performance Bond), and the other in the amount of one hundred percent (100%) of the total Contract amount of the Optional Unit, to guarantee payment of all claims for labor and materials furnished (Payment Bond). Work may not begin on any Optional Unit until such bonds are supplied to and accepted by OC San. Bonds must be issued by a California admitted surety and must be maintained throughout the life of the Contract and during the warranty period. 13. Indemnification and Hold Harmless Provision. Contractor shall assume all responsibility for damages to property and/or injuries to persons, including accidental death, which may arise out of or may be caused by Contractor’s Equipment and/or Services under this Contract, or by its subcontractor(s), or by anyone directly or indirectly employed by Contractor, and whether such damage or injury shall accrue or be discovered before or after the termination of the Contract. Except as to the sole active negligence of or willful misconduct of OC San, Contractor shall indemnify, protect, defend, and hold harmless OC San, its elected and appointed officials, officers, agents, and employees from and against any and all claims, liabilities, damages, or expenses of any nature, including attorneys’ fees: (a) for injury to or death of any person, or damage to property, or interference with the use of property arising out of or in connection with Contractor’s performance under the Contract, and/or (b) on account of use of any copyrighted or uncopyrighted material, composition, or Equipment and Services Contract 7 of 11 COLLECTIONS PULL RIG PROJECT Revision 073024 process; or any patented or unpatented invention, article, or appliance furnished or used under the Contract, and/or (c) on account of any goods and services provided under this Contract. This indemnification provision shall apply to any acts or omissions, willful misconduct, or negligent misconduct, whether active or passive, on the part of Contractor or anyone employed by or working under the Contractor. To the maximum extent permitted by law, Contractor’s duty to defend shall apply whether or not such claims, allegations, lawsuits, or proceedings have merit or are meritless; or which involve claims or allegations that any of the parties to be defended were actively, passively, or concurrently negligent; or which otherwise assert that the parties to be defended are responsible, in whole or in part, for any loss, damage, or injury. Contractor agrees to provide this defense immediately upon written notice from OC San, and with well qualified, adequately insured, and experienced legal counsel acceptable to OC San. This section shall survive the expiration or early termination of the Contract. 14. Independent Contractor. The relationship between the Parties hereto is that of an independent contractor and nothing herein shall be deemed to make Contractor an OC San employee. During the performance of this Contract, Contractor and its officers, employees, and agents shall act in an independent capacity and shall not act as OC San’s officers, employees, or agents. Contractor and its officers, employees, and agents shall obtain no rights to any benefits which accrue to OC San’s employees. 15. Subcontracting and Assignment. Contractor shall not delegate any duties nor assign any rights under this Contract without the prior written consent of OC San. Any such attempted delegation or assignment shall be void. 16. Disclosure. Contractor agrees not to disclose, to any third party, data or information generated from this Contract without the prior written consent from OC San. 17. Non-Liability of OC San Officers and Employees. No officer or employee of OC San shall be personally liable to Contractor, or any successor-in-interest, in the event of any default or breach by OC San, or for any amount which may become due to Contractor or to its successor, or for breach of any obligation under the terms of this Contract. 18. Third-Party Rights. Nothing in this Contract shall be construed to give any rights or benefits to anyone other than OC San and Contractor. 19. Applicable Laws and Regulations. Contractor shall comply with all applicable Federal, State, and local laws, rules, and regulations. Contractor also agrees to indemnify and hold OC San harmless from any and all damages and liabilities assessed against OC San as a result of Contractor’s noncompliance therewith. Any provision required by law to be included herein shall be deemed included as a part of this Contract whether or not specifically included or referenced. 20. Licenses, Permits, Ordinances, and Regulations. Contractor represents and warrants to OC San that it has obtained all licenses, permits, qualifications, and approvals of whatever nature that are legally required to provide the Equipment and Services. Any and all fees required by Federal, State, County, City, and/or municipal laws, codes, and/or tariffs that pertain to the work performed under this Contract will be paid by Contractor. 21. Regulatory Requirements. Contractor shall perform all work under this Contract in strict conformance with applicable Federal, State, and local regulatory requirements including, Equipment and Services Contract 8 of 11 COLLECTIONS PULL RIG PROJECT Revision 073024 but not limited to, 40 CFR 122, 123, 124, 257, 258, 260, 261, and 503, Title 22, 23, and Water Codes Division 2. 22. Environmental Compliance. Contractor shall, at its own cost and expense, comply with all Federal, State, and local environmental laws, regulations, and policies which apply to the Contractor, its subcontractors, and the Equipment and Services, including, but not limited to, all applicable Federal, State, and local air pollution control laws and regulations. 23. South Coast Air Quality Management District’s Requirements. It is Contractor’s responsibility to ensure that all equipment furnished and installed be in accordance with the latest rules and regulations of the South Coast Air Quality Management District (SCAQMD). All Contract work practices, which may have associated emissions such as sandblasting, open field spray painting, or demolition of asbestos containing components or structures shall comply with the appropriate rules and regulations of SCAQMD. 24. Warranties. 24.1 Manufacturer’s standard warranty and Contractor’s standard warranty shall apply. All manufacturer warranties and Contractor warranties shall commence on the date of acceptance of the Work as complete by the OC San Project Manager or designee. 24.2 In addition to the warranties stated above, the following Contractor’s Warranty (Guarantee) shall apply: If within a one (1) year period of completion of all work specified in Exhibit “A” and as itemized in Exhibit “B”, OC San informs Contractor that any portion of the Equipment or Services provided fails to meet the standards required under this Contract, Contractor shall, within the time agreed to by OC San and Contractor, take all such actions as are necessary to correct or complete the noted deficiency(ies) at Contractor's sole expense. 25. Dispute Resolution. 25.1 In the event of a dispute as to the construction or interpretation of this Contract, or any rights or obligations hereunder, the Parties shall first attempt, in good faith, to resolve the dispute by mediation. The Parties shall mutually select a mediator to facilitate the resolution of the dispute. If the Parties are unable to agree on a mediator, the mediation shall be conducted in accordance with the Commercial Mediation Rules of the American Arbitration Agreement, through the alternate dispute resolution procedures of Judicial Arbitration through Mediation Services of Orange County (“JAMS”), or any similar organization or entity conducting an alternate dispute resolution process. 25.2 In the event the Parties are unable to timely resolve the dispute through mediation, the issues in dispute shall be submitted to arbitration pursuant to Code of Civil Procedure, Part 3, Title 9, sections 1280 et seq. For such purpose, an agreed arbitrator shall be selected, or in the absence of agreement, each party shall select an arbitrator, and those two (2) arbitrators shall select a third. Discovery may be conducted in connection with the arbitration proceeding pursuant to Code of Civil Procedure section 1283.05. The arbitrator, or three (3) arbitrators acting as a board, shall take such evidence and make such investigation as deemed appropriate and shall render a written decision on the matter in question. The arbitrator shall decide each and every dispute in accordance with the laws of the State of California. The arbitrator’s decision and award shall be subject to review for errors of fact or law in the Superior Court for the County of Orange, with a right of appeal from any judgment issued therein. Equipment and Services Contract 9 of 11 COLLECTIONS PULL RIG PROJECT Revision 073024 26. Remedies. In addition to other remedies available in law or equity, if the Contractor fails to make delivery of the Equipment and Services or repudiates its obligations under this Contract, or if OC San rejects the goods or Services or revokes acceptance of the Equipment and Services, OC San may (a) cancel the Contract; (b) recover whatever amount of the purchase price OC San has paid, and/or (c) “cover” by purchasing, or contracting to purchase, substitute equipment and services for those due from Contractor. In the event OC San elects to “cover” as described in (c), OC San shall be entitled to recover from Contractor as damages the difference between the cost of the substitute equipment and services and the Contract price, together with any incidental or consequential damages. 27. Force Majeure. Neither party shall be liable for delays caused by accident, flood, acts of God, fire, labor trouble, war, acts of government, or any other cause beyond its control, but the affected party shall use reasonable efforts to minimize the extent of the delay. Work affected by a force majeure condition may be rescheduled by mutual consent of the Parties. 28. Termination. 28.1 OC San reserves the right to terminate this Contract for its convenience, with or without cause, in whole or in part, at any time, by written notice from OC San. Upon receipt of a termination notice, Contractor shall immediately discontinue all work under this Contract (unless the notice directs otherwise). OC San shall thereafter, within thirty (30) days, pay Contractor for work performed (cost and fee) through the date of termination. Contractor expressly waives any claim to receive anticipated profits to be earned during the uncompleted portion of this Contract. Such notice of termination shall terminate this Contract and release OC San from any further fee, cost, or claim hereunder by Contractor other than for work performed through the date of termination. 28.2 OC San reserves the right to terminate this Contract immediately upon OC San’s determination that Contractor is not complying with the Scope of Work requirements, if the level of service is inadequate, or for any other default of this Contract. 28.3 OC San may also immediately terminate this Contract for default, in whole or in part, by written notice to Contractor:  if Contractor becomes insolvent or files a petition under the Bankruptcy Act; or  if Contractor sells its business; or  if Contractor breaches any of the terms of this Contract; or  if the total amount of compensation exceeds the amount authorized under this Contract. 28.4 All OC San’s property in the possession or control of Contractor shall be returned by Contractor to OC San on demand or at the expiration or early termination of this Contract, whichever occurs first. 29. Attorney’s Fees. If any action at law or in equity or if any proceeding in the form of an Alternative Dispute Resolution (ADR) is necessary to enforce or interpret the terms of this Contract, the prevailing party shall be entitled to reasonable attorney’s fees, costs, and necessary disbursements in addition to any other relief to which the prevailing party may be entitled. 30. Waiver. The waiver by either party of any breach or violation of, or default under, any provision of this Contract shall not be deemed a continuing waiver by such party of any other provision or of any subsequent breach or violation of this Contract or default thereunder. Equipment and Services Contract 10 of 11 COLLECTIONS PULL RIG PROJECT Revision 073024 Any breach by Contractor to which OC San does not object shall not operate as a waiver of OC San’s rights to seek remedies available to it for any subsequent breach. 31. Severability. If any section, subsection, or provision of this Contract; or any agreement or instrument contemplated hereby; or the application of such section, subsection, or provision is held invalid, the remainder of this Contract or instrument in the application of such section, subsection, or provision to persons or circumstances other than those to which it is held invalid, shall not be affected thereby, unless the effect of such invalidity shall be to substantially frustrate the expectations of the Parties. 32. Survival. The provisions of this Contract dealing with payment, warranty, indemnity, and forum for enforcement shall survive expiration or early termination of this Contract. 33. Governing Law. This Contract shall be governed by and interpreted under the laws of the State of California and the Parties submit to jurisdiction in the County of Orange in the event any action is brought in connection with this Contract or the performance thereof. 34. Notices. 34.1 All notices under this Contract must be in writing. Written notice shall be delivered by personal service, by electronic telecommunication, or sent by registered or certified mail, postage prepaid, return receipt requested, or by any other overnight delivery service which delivers to the noticed destination and provides proof of delivery to the sender. Rejection or other refusal to accept or the inability to deliver because of changed address for which no notice was given as provided hereunder shall be deemed to be receipt of the notice, demand, or request sent. All notices shall be effective when first received at the following addresses: OC San: Ludwig Lapus Principal Contracts Administrator Orange County Sanitation District 18480 Bandilier Circle Fountain Valley, CA 92708 llapus@ocsan.gov Contractor: Onecimo Coronel Territory Manager Idaho Truck Specialties, LLC DBA Cobalt Truck Equipment 1607 Industrial Road Las Vegas, NV 89102 ocoronel@cobalttruck.com 34.2 Each party shall provide the other party written notice of any change in address as soon as practicable. 35. Read and Understood. By signing this Contract, Contractor represents that it has read and understood the terms and conditions of the Contract. 36. Authority to Execute. The persons executing this Contract on behalf of the Parties warrant that they are duly authorized to execute this Contract and that by executing this Contract, the Parties are formally bound. Equipment and Services Contract 11 of 11 COLLECTIONS PULL RIG PROJECT Revision 073024 37. Entire Agreement. This Contract constitutes the entire agreement of the Parties and supersedes all prior written or oral communications and all contemporaneous oral agreements, understandings, and negotiations between the Parties with respect to the subject matter hereof. IN WITNESS WHEREOF, intending to be legally bound, the Parties hereto have caused this Contract to be signed by their duly authorized representatives. ORANGE COUNTY SANITATION DISTRICT Dated: _________________ By: Ryan P. Gallagher Chair, Board of Directors Dated: _________________ By: Kelly A. Lore Clerk of the Board Dated: _________________ By: Kevin Work Purchasing & Contracts Manager IDAHO TRUCK SPECIALTIES, LLC DBA COBALT TRUCK EQUIPMENT Dated: _________________ By: Print Name and Title of Officer LL:tk EXHIBIT “A” SCOPE OF WORK EXHIBIT “A“ Page 1 of 6 COLLECTIONS PULL RIG PROJECT EXHIBIT “A" SCOPE OF WORK COLLECTIONS PULL RIG PROJECT Orange County Sanitation District (OC San) is a public agency responsible for collecting, treating, and safely disposing of wastewater and its residuals for 2.6 million residents and businesses in Orange County, California. OC San operates two treatment plants: Plant No. 1, located in the City of Fountain Valley, and Plant No. 2, in the City of Huntington Beach. Each day OC San treats approximately 185 million gallons of wastewater. About 80 percent of the wastewater comes from homes – sinks, toilets, showers, laundry, and dishwashers. The remaining come from businesses – retail stores, restaurants, manufacturers, hotels, offices, and other industries. A professional staff of more than 600 employees manages the day-to-day activities of OC San. OC San operates and maintains about 388 miles of sewer pipelines with 4,500 manholes and 15 pump stations throughout the county, all of which convey flows to the treatment plants. 1. BACKGROUND/OVERVIEW OC San’s wastewater collection system uses mechanical equipment to remove grit and debris from the sewer system. The mechanical equipment consists of cabled tires ranging from 15 to 48 inches and is tethered to a custom-built vehicle with a heavy-duty winch and cable system. This custom-built equipment is labeled as a Pull-Rig by OC San. The typical operation of a Pull-Rig consists of lowering the tethered tire into the sewer pipe through a manhole opening and allowing water to back up and push the tire downstream. The tire is retrieved at the downstream manhole location by another piece of equipment. The cable on the Pull-Rig is then retrieved. The operation also consists of retrieving the cable with the tire attached and the full load of the water column, thus necessitating the capacity of the winch system. The units currently in service employ a Braden HP50B #06071 planetary winch and a supplemental capstan #03551 with approximately 3,000 feet of 3/8” wire rope. The winch system is the primary reason for this custom-built body attached to a 2013 Ford F-650 chassis. The chassis engine power take-off supplies hydraulic power. The winch system features two speeds and is designed with a free spool option and a manual braking system. Operator controls are to be mounted at the vehicle's rear so that the operator can control the unit by standing at ground level. The units in service can handle 23,000 lbs. of pull on the cable. 2. CURRENT PULL RIG CONFIGURATION (GENERAL) The most recent truck chassis is a 2013 Ford F-650, 158-inch WB with PTO. Safety lighting is included in the front grill and sides of the cab. Mounts for tools and traffic cones are located on the truck's front bumper. Existing trucks utilize a main winch and a planetary capstan drive powered by a hydraulic power unit (PTO driven). The existing winch system is: 1. Rear center mount, Braden HP50B planetary winch #06071, including optional flange extensions and a manual cable guide EXHIBIT “A“ Page 2 of 6 COLLECTIONS PULL RIG PROJECT 2. Capstan drive: Braden planetary capstan drive #03551 includes a #81239 capstan head (7” ductile iron) includes hydraulic controls 3. Rear winch brake controls (manual) 4. A chassis-mounted rear winch (12vdc 9000#) with four-way roller fairlead is mounted under the frame, behind the rear bumper; access slots are placed in the rear bumper to allow the use of the rear bumper-mounted winch 5. A rear-facing operator station is located behind the main winch system, allowing the operator to control the winch, manual cable winding, and braking of the winch system 6. The main winch has two (2) operational speeds. LOW: 0-20 fpm, used to launch/hole a tire in a sewer pipe and reposition a loaded tire. AND HIGH: 40-60 fpm, used to recover the unloaded cable from the sewer pipe to the truck main winch; rated for continuous duty at all speeds without the possibility of overheating The rear deck of the Pull Rig consists of the auxiliary power unit, a 25-light arrow board, safety lighting, work lighting, storage compartments, a rear-facing operator station used to control winch operations, and a rear-mounted A-frame mast used in conjunction with the main winch system to launch/recover the cable. Mounted in the rear of the bumper is an electric winch rated at 9000 lbs. for incidental work, separate from main winch operations. 3. DESIRED CONFIGURATION & FEATURE IMPROVEMENTS OC San desires to make changes to the existing Pull Rig configuration to improve safety or operability. A detailed list of desired changes is summarized here at a high level. A. REAR UNIT POWER SYSTEM 1. OC San desires to review alternative power options for the rear hoist unit, such as hybrid-electric technology. 2. OC San can accept a solution where the alternative power unit is driven by an auxiliary engine (49hp or less). B. OPERATOR STATION 1. OC San desires to place the operator station in a safe location, which may require relocating it and/or installing machine guarding. 2. OC San desires to utilize a wireless/wired pendant control for pull rig operation, including a safety shutdown. 3. An additional emergency shutdown control shall be mounted on the truck frame, accessible by staff during Pull Rig operation. 4. The operator shall have full control over pay-out/pay-in winch speed. 5. An OPERATOR PANEL shall be provided with indicators at a minimum for hydraulic/auxiliary system pressure, temperature (if provided), winch speed, cable length (deployed), and winch load (pull) if available; other operating parameters may be displayed as well. The OPERATOR PANEL shall be located to reduce staff exposure to vehicular traffic if the operator station is relocated from the rear center section of the truck. EXHIBIT “A“ Page 3 of 6 COLLECTIONS PULL RIG PROJECT 6. The hydraulic/auxiliary power unit shall have appropriate alarms and shutoff points pertaining to temperature, torque, and pressure, allowing for operator notification if temperature or pressure becomes too high and shutting down the system if necessary. C. WINCH/CAPSTAN SYSTEM: 1. The winch/capstan system shall incorporate a brake system (or equivalent) that allows full braking against the tire's pull, controllable by the operator. 2. Supplementary MANUAL braking shall be included to prevent “free spooling” 3. The winch system desires to incorporate an auto-winder mechanism configured with a manual mode to allow operator control as needed. a. Auto-winder must be in common use for this application. b. OC San prefers that the auto-winder be removable while allowing for manual winding operation (the intent is to allow the truck to be used if the auto-winder requires repair/replacement). 4. The winch system shall be configured to prevent a fouled cable (bird-nesting) during normal operation. 5. If necessary, a safety cage may be installed around the winch/capstan; no single removable component shall weigh more than 25 lbs. if constructed of multiple pieces or 30 lbs. if constructed of a single piece. The safety cage shall be easily removable by a single person, requiring no tools to remove it. All moving parts shall be guarded appropriately to prevent operator injury. 6. The winch system shall include a dynamometer or other load monitoring system capable of indicating the actual load (force) from the load (tire) during operation. 7. Speed control for the main winch system (forward & reverse / high/low speed) is desired 8. Main winch system and cable to be sized appropriately to meet calculated loads for sewer line cleaning activities 9. Rear bumper-mounted winch shall be easily accessible for maintenance service (pull-out tray or panel accessible) 10. Drains if provided, shall be piped to the rear of the truck bed D. CAB/CHASSIS 1. Rear or front/rear hydraulic outriggers/vertical stabilizers may be added to the truck design to provide stability or improve load capacity 2. Vehicle length should not exceed current vehicle length (V0619) 3. Reroute the factory exhaust system vertically above the cab with heat shielding extending past the cab, venting all vehicle/power unit exhaust away from the technician's breathing zone 4. All truck traffic safety lighting shall comply with DOT and CA title 13 requirements 5. A 25-lamp traffic advisor (arrow board, 180-degree rotation) shall be mounted at the truck cab, and controllable from the cab. EXHIBIT “A“ Page 4 of 6 COLLECTIONS PULL RIG PROJECT 6. Four (4) grill-mounted LED flashing lights shall be mounted at the front of the truck, two (2) LED flashing lights shall be mounted at the rear of the truck, six (6) LED flashing lights shall be mounted on the sides of the truck (3 per side). Amber color. 7. Supplemental LED area lighting shall be provided at the rear of the vehicle and focused on the rear deck and behind the vehicle illuminating the area for operator safety. 8. Traffic cone racks shall be mounted to the front corners of the truck, capable of carrying ten (10) traffic cones each for a total of twenty (20) traffic cones and shall not impede the function of the engine compartment hood. 9. Diamond Plate Overlay Deck is preferred for the rear truck bed section 10. Structural Subframe to support Main Winch and “A” Frame Boom shall be sufficient to meet calculated loads 11. The rear unit shall provide watertight equipment/storage cabinets on both the curb and street side of the vehicle 12. Steps and handrails shall be installed to assist the operator in climbing into the rear deck area 13. Install a 5-gallon hand wash station which provides gravity fed water supply. 14. If the Operator station is removed from the main winch area, OC San desires to utilize this space to support truck operations (i.e. tool storage, traffic control storage, tire storage, …). The proposal shall include options for this area if it becomes available; a containment frame 4 inches high, capable of containing water runoff, shall be included if this feature is proposed 15. A rear under-deck mounted winch, 9,000 lbs. line pull 12 Volt Power, Pendant Remote Control Removable, and back-up hard switch. A second unit is desired with cable routing overhead to support other supplementary work. Non-metallic rope is desired. 16. Roller Fairlead, 95’ 3/8” cable 17. 10 K Pintle Hitch & 7-way flat Receptacle Plug, 5 Pin and 4 Pin 18. Finish Paint Black E. SAFETY 1. Driveline Traction Control 2. Side Impact Beams 3. Dual Stage Driver and Passenger Seat-Mounted Side Airbags 4. Dual Stage Driver and Passenger Front Airbags w/Passenger Off Switch 5. Safety Canopy System Curtain 1st Row Airbags 6. Outboard Front Lap and Shoulder Safety Belts including Height Adjusters 4. PROJECT SCHEDULE The Contractor shall commence performance of the SOW upon the date specified in the Notice to Proceed (NTP) issued to the Contractor. The Contractor shall adhere to the following milestone duration in creating the project schedule for completing the SOW. The EXHIBIT “A“ Page 5 of 6 COLLECTIONS PULL RIG PROJECT Contractor shall submit a schedule to the OC San Project Manager for review and approval. The Contractor shall coordinate and submit any updates or revisions to the project schedule to the assigned OC San Project Manager for review and approval. Milestone Description Milestones Duration OC San Review Cumulative Calendar Days 1 Notice to Proceed (NTP)/Kick-Off Meeting NTP 2 Submit Project Schedule / Pull-Rig Build Design for OC San review and approval (Included in Item 1 of Exhibit “B”) 15 calendar days from NTP 15 calendar days 30 calendar days 3 Transport of chassis from OC San to Contractor’s facility (Included in Item 1 of Exhibit “B”) 30 calendar days from NTP 0 calendar day 30 calendar days 4 Progress Meeting 30 calendar days from NTP 0 calendar day 30 calendar days 5 Production and Installation of Custom Platform Body, ICC bumper/ Class V receiver hitch combo, and 7-way / 4-way combo trailer plug (Items 1, 2 and 3 of Exhibit “B”) 60 calendar days from NTP 15 calendar days 95 calendar days 6 Installation of Hydraulic System, and Tandem Pump/PTO winches (Items 4 and 5 of Exhibit “B”) 125 calendar days from NTP 15 calendar days 140 calendar days 7 Installation of Braden HP50B #06071 Hydraulic Winch and (2) 9,000 lb Electric Winches (Items 6 and 7 of Exhibit “B”) 170 calendar days from NTP 15 calendar days 185 calendar days 8 Installation of 25 Light, 12 pattern 12v Arrow board, multi-strobe system, 8 Federal Signal, (2) 12v LED flood lights on cab protector, and (2) 12v LED flood lights on rear of the body on mounting bracket (Items 8, 9, 10, 11, and 12 of Exhibit “B”) 215 calendar days from NTP 15 calendar days 230 calendar days 9 Installation of Samlex 2000W Inverter mounted in LV1, Electrical power strip, 110v GFI electric outlet, (2) Traffic Cone Carriers, and 5g Hand wash station (Items 13, 14, 15, 16 and 17 of Exhibit “B”) 260 calendar days from NTP 15 calendar days 275 calendar days 10 Progress Meeting 275 calendar days from NTP 0 calendar day 275 calendar days 11 Functional Testing / Demonstration (Contractor and OC San Joint Initial Inspection) 290 calendar days from NTP 0 calendar day 290 calendar days 12 Contractor to resolve punch list items 320 calendar days from NTP 15 calendar days 335 calendar days 13 Commissioning / Final Testing (Contractor and OC San Joint Final Inspection) 335 calendar days from NTP 0 calendar day 335 calendar days 14 Transport of Completed Pull Rig Truck from Contractor’s Facility to OC San (Item 18 of Exhibit “B”) 350 calendar days from NTP 0 calendar day 350 calendar days EXHIBIT “A“ Page 6 of 6 COLLECTIONS PULL RIG PROJECT Milestone Description Milestones Duration OC San Review Cumulative Calendar Days 15 Demonstration and Orientation Training of OC San Personnel (Item 19 of Exhibit “B”) 350 calendar days from NTP 0 calendar day 350 calendar days 16 Submit As-Built Design Drawings / Product, Operation, and Maintenance Manuals (Item 20 of Exhibit “B”) 350 calendar days from NTP 15 calendar day 365 calendar days 17 Final Completion 365 calendar days from NTP 5. CONTRACTOR REQUIREMENTS The Contractor shall have successfully built at least three (3) pieces of equipment similar to this project over the last seven (7) years. The Contractor shall provide references and associated documentation of past projects demonstrating competency and experience. The Contractor’s supervisors must be qualified to perform the work and have a minimum of five years of experience in similar work. The Contractor’s supervisor(s) and staff must be able to communicate both verbally and in writing with OC San staff. The Contractor and its Subcontractor(s) shall follow and ensure their employees follow all Federal, State, and local safety regulations including OSHA and Cal/OSHA regulations, as applicable. 6. OC SAN CONTACT PERSON The Contractor shall be assigned a single point of contact for this Contract (“OC San Project Manager”). Any meetings and/or correspondence related to this Contract shall be scheduled and approved by the OC San Project Manager or designee. OC San equipment and labor, except for OC San’s Project Manager or designee to monitor the work, shall not be utilized at any time by the Contractor. 2/3/2025 1 Fleet Custom Equipment Replacement – Pull Rig Presented by Don Stokes, Maintenance Manager Administration Committee February 12, 2025 2 What is a Pull Rig? 1 2 2/3/2025 2 3 Pull Rig Working Components 4 Pull Rig Operation 3 4 2/3/2025 3 5 Pull Rig in Action Questions? 6 5 6 ADMINISTRATION COMMITTEE Agenda Report Headquarters 18480 Bandilier Circle Fountain Valley, CA 92708 (714) 593-7433 File #:2024-3826 Agenda Date:2/12/2025 Agenda Item No:9. FROM:Robert Thompson, General Manager Originator: Wally Ritchie, Director of Finance SUBJECT: INVESTMENT PERFORMANCE RESULTS GENERAL MANAGER'S RECOMMENDATION RECOMMENDATION: Information Item. BACKGROUND Insight Investment (Insight)serves as the Orange County Sanitation District’s (OC San)Investment Manager.Insight’s Senior Portfolio Manager,Jason Celente,CFA,CTP and Senior Portfolio Specialist,David Witthohn,CFA,CIPM will be providing an informational presentation on the performance of OC San’s liquidity and long-term investment portfolios over the past year. RELEVANT STANDARDS ·Ensure that investment proposals and decisions are based on clearly defined standards ·Comply with OC San’s Investment Policy ·Ensure the public’s money is wisely spent ATTACHMENT The following attachment(s)may be viewed on-line at the OC San website (www.ocsan.gov)with the complete agenda package: ·Presentation Orange County Sanitation District Printed on 2/5/2025Page 1 of 1 powered by Legistar™ Investment Performance Results Administration Committee Presented by: Ruth Zintzun, Finance Manager Insight Investment February 12, 2025 2 $145.0 million 16%$748.2 million 84% Investment Performance Results as of 12/31/2024 Other Liquid Operating and Long-Term Portfolios $0 $10 $20 $30 $40 $50 $60 $70 $80 State of California LAIF COP Reserves PARS Section 115 Trust Other Millions $893.2 million 1MPR0214 FOR PROFESSIONAL CLIENTS ONLY, NOT TO BE DISTRIBUTED TO RETAIL CLIENTS THIS DOCUMENT SHOULD NOT BE REPRODUCED IN ANY FORM WITHOUT PRIOR WRITTEN APPROVALPLEASE REFER TO THE RISK DISCLOSURES AT THE BACK OF THIS DOCUMENT Orange County Sanitation District Corporate Overview 2 As of December 31, 2024. Assets under management (AUM) are represented by the value of the client’s assets and liabilities Insight is asked to manage. These will primarily be the mark-to-market value of securities managed on behalf of clients, including collateral if applicable. Where a client mandate requires Insight to manage some or all of a client’s liabilities (e.g. LDI strategies), AUM will be equal to the value of the client specific liability benchmark and/or the notional value of other risk exposure through the use of derivatives. Where the methodology defines it, some asset reporting focuses on cash securities only. Insight North America (INA) is part of ‘Insight’ or ‘Insight Investment’, the corporate brand for certain asset management companies operated by Insight Investment Management Limited including, among others, Insight Investment Management (Global) Limited (IIMG), Insight Investment International Limited (IIIL) and Insight Investment Management (Europe) Limited (IIMEL). Advisory services referenced herein are available in the US only through INA. Legal entity Insight North America LLC’s AUM is $144.3bn as of December 31, 2024. Figures shown in USD. FX rates as per WM Reuters 4pm spot rates. ¹ Includes employees of Insight North America LLC and its affiliates, which provide asset management services as part of Insight, the corporate brand for certain companies operated by Insight Investment Management Limited (IIML). * Includes: equities and real assets. •Specialist manager of risk solutions and active fixed income: −$784.2bn in assets under management −275 investment professionals, 1,111 total staff ¹ −offices in London, New York, Boston, San Francisco, Dublin, Frankfurt, Manchester, Sydney and Tokyo By client typeBy investment solution Our credentials Risk management solutions $477.5bn Fixed income $251.4bn Currency management $48.5bn Multi-asset $6.7bn Other* $0.1bn Corporate $555.8bn Public/Government $109.1bn Financial Institutions $33.0bn Insurance $27.7bn High Net Worth (HNW) $26.5bn Unions/Multi-employer $22.3bn Endowments and foundations/not-for-profit$4.2bnHealthcare $2.9bn 3 Jason Celente, CFA, CTP Senior Portfolio Manager Mary Donovan, CFA Senior Portfolio Manager David Witthohn, CFA, CIPM Senior Portfolio Specialist Robert Bayston, CFA Head of US Government and Mortgage Portfolios Fixed Income Group: specialist teams US Government and Mortgages Team and support As of January 2025. All staff numbers quoted are as of September 30, 2024. Located in: New York, Boston and London. Includes employees of Insight North America LLC (INA) which provides asset management services as part of Insight, the corporate brand for certain companies operated by Insight Investment Management Limited (IIML). Peter Bentley GLOBAL HEAD OF FIXED INCOME CORPORATE CREDIT ANALYSIS (PUBLIC AND PRIVATE) David Averre/Dave Hamilton+18 Nick Robinson+10 TRADINGSTRUCTURED CREDIT Shaheer Guirguis+16 Gareth Colesmith/Isobel Lee+5 GLOBAL RATES AND MACRO RESEARCH Robert Sawbridge+5 ESG Chris Brown+4 MONEY MARKETS Brendan Murphy, HEAD OF FIXED INCOME, NORTH AMERICA Michael Morin Senior Portfolio Analyst 4MPR0214 Source: Board of Governors of the Federal Reserve System, as of December 18, 2024. 2.0 3.0 4.0 5.0 6.0 September 2024 December 2024 % FOMC participants’ assessments of appropriate monetary policy at the end of 2025 FOMC members turn more cautious A resilient economy and still-elevated inflation have led the Fed to pare back the number of cuts it has penciled for 2025 Current Federal Funds Rate mid-point 5MPR0214 Source: Macrobond, as of December 20, 2024. 0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 % FRB Atlanta Core Sticky CPI FRB Dallas Trimmed Mean PCE Core CPI Core PCE FRB Cleveland Median PCE Underlying inflation measures, % year-over-year Inflation has been more stubborn lately Shelter and non-housing services prices, which have been easing at a modest pace, have kept core inflation elevated 6MPR0214 Orange County Sanitation District Liquid Operating Portfolio summary as of December 31, 2024 Source: Insight/Northern Trust. Inception date for performance purposes: January 31, 2024. Returns are gross of fees. Benchmark history provided at the end of this section Portfolio summary ●Value: $116,215,740 ●Benchmark: ICE BofA US 3-Month Treasury Bill Performance blank 3 months Since inception % % Portfolio 1.19 4.49 Benchmark 1.17 4.38 Relative 0.02 0.11 7MPR0214 Orange County Sanitation District Liquid Operating Portfolio characteristics as of December 31, 2024 Approach used for credit rating: Average. All durations are effective duration. *Excludes Treasury. Summary Portfolio Benchmark Relative Yield to worst (%) 4.4 4.3 0.1 Effective duration (years) 0.1 0.2 0.0 Average coupon 2.7 0.0 2.7 Average life / Maturity 0.2 0.2 0.1 Average rating AA AA+ Top issuers* (%) Holding Federal Home Loan Banks 9.89 Caterpillar Financial Services Corp 4.94 Novartis Finance Corp 4.94 ING US Funding LLC 3.58 Federal Farm Credit Banks Funding Corp 3.22 Apple Inc 2.79 Tennessee Valley Authority Discount Notes 2.79 Chevron Corp 2.78 International Bank for Reconstruct & Development 1.97 Citibank NA - CITIBANK 1.85 Issuer overweight* Contribution to duration (years) Portfolio Benchmark Relative ING US Funding LLC 0.02 - 0.02 Microsoft Corp 0.01 - 0.01 Federal Home Loan Banks 0.01 - 0.01 Oncor Electric Delivery Co 0.01 - 0.01 Citibank NA - CITIBANK 0.01 - 0.01 Home Depot Inc/The 0.01 - 0.01 Bank of America Corp 0.01 - 0.01 Pfizer Inc 0.01 - 0.01 Intercontinental Exchange 0.01 - 0.01 AbbVie Inc 0.01 - 0.01 Total 0.11 - 0.11 Rating (%) 7.2 65.5 25.4 1.9 100.0 0 50 100 150 AAA AA A BBB BIG Cash NR Portfolio BenchmarkDuration (%) 2.3 44.5 18.3 13.9 10.0 11.0 100.0 0 40 80 120 1 day 2-7 days 8-30 days 31-90 91-180 181+Portfolio Benchmark 8MPR0214 Orange County Sanitation District Liquid Operating Portfolio allocation as of December 31, 2024 Sector (%) Market Value Portfolio Benchmark Relative Industrial 21.5 - 21.5 Agency 15.9 - 15.9 Financial Institutions 14.1 - 14.1 Cash and other 7.7 - 7.7 Supranational 3.7 - 3.7 Utility 3.2 - 3.2 Treasury 33.9 100.0 -66.1 Total 100.0 100.0 9MPR0214 Orange County Sanitation District Long Term Portfolio summary as of December 31, 2024 Source: Insight/Northern Trust. Inception date for performance purposes: January 31, 2024. Returns are gross of fees. Benchmark history provided at the end of this section Portfolio summary ●Value: $636,951,915 ●Benchmark: ICE BofA 1-5 Year AAA-A US Corporate & Government Index Performance blank 3 months Since inception % % Portfolio -0.66 3.96 Benchmark -0.71 4.00 Relative 0.05 -0.03 10MPR0214 Orange County Sanitation District Long Term Portfolio characteristics as of December 31, 2024 Approach used for credit rating: Average. All durations are effective duration. *Excludes Treasury. Summary Portfolio Benchmark Relative Yield to worst (%) 4.5 4.4 0.0 Effective duration (years) 2.6 2.5 0.1 Average coupon 2.8 3.0 -0.3 Average life / Maturity 2.8 2.7 0.1 Average rating AA AA Top issuers* (%) Holding Fannie Mae 5.58 Freddie Mac 5.02 International Bank for Reconstruct & Development 4.60 Inter American Development Bank 4.60 Bank of America Corp 2.42 Resolution Funding Corp Interest Strip 2.30 State Street Bank & Trust Co 1.98 Federal Home Loan Banks 1.77 JPMorgan Chase & Co 1.66 Morgan Stanley 1.58 Issuer overweight* Contribution to duration (years) Portfolio Benchmark Relative Intrn Bank for Reconstr&Dev 0.15 0.01 0.13 Inter American Dev Bank 0.12 0.01 0.11 Freddie Mac 0.10 0.00 0.09 Resolution Fund Corp Strip 0.09 - 0.09 Federal Home Loan Banks 0.05 0.01 0.05 Citibank NA - CITIBANK 0.05 0.00 0.05 ERAC USA Finance LLC 0.04 0.00 0.04 Meta Platforms Inc 0.04 0.00 0.04 State Street Bank & Trust Co 0.04 0.00 0.03 John Deere Capital Corp 0.04 0.00 0.03 Total 0.71 0.04 0.66 Rating (%) 14.7 67.7 17.5 4.0 80.5 15.5 0 50 100 AAA AA A BBB BIG Cash NR Portfolio BenchmarkDuration (%) 11.8 20.1 24.2 35.5 8.4 3.8 35.0 27.3 24.7 9.2 0 10 20 30 40 0-1 1-2 2-3 3-4 4-5 5+Portfolio Benchmark 11MPR0214 Orange County Sanitation District Long Term Portfolio allocation as of December 31, 2024 Sector (%) Market Value Portfolio Benchmark Relative Agency 12.8 4.2 8.6 Supranational 9.9 2.6 7.3 ABS 4.8 - 4.8 Financial Institutions 14.1 10.4 3.7 CMBS 2.7 - 2.7 Industrial 7.7 6.0 1.7 Utility 0.9 0.6 0.3 CMO 0.2 - 0.2 Cash and other 0.1 - 0.1 Local Authority - 0.7 -0.7 Sovereign - 0.9 -0.9 Treasury 46.8 74.6 -27.8 Total 100.0 100.0 13MPR0214 Past performance is not indicative of future results. Investment in any strategy involves a risk of loss which may partly be due to exchange rate fluctuations. The performance results shown, whether net or gross of investment management fees, reflect the reinvestment of dividends and/or income and other earnings. Any gross of fees performance does not include fees and charges and these can have a material detrimental effect on the performance of an investment. The performance shown is for the stated time period(s) only. Any target performance aims are not a guarantee, may not be achieved and a capital loss may occur. Funds which have a higher performance aim generally take more risk to achieve this and so have a greater potential for the returns to be significantly different than expected. Investments are subject to risks, including loss of principal. There can be no guarantee that any investment strategy will meet the liability funding needs of a particular client. Performance information for certain accounts may reflect performance achieved while the account was managed at a prior firm. In addition, the performance and customized benchmark information for these periods are based on Information from 3rd parties that Insight believes to be accurate, but Insight has not independently verified such information and no representation is made regarding its accuracy or completeness. The quoted benchmarks do not reflect deductions for fees, expenses or taxes. These benchmarks are unmanaged and cannot be purchased directly by investors. Benchmark performance is shown for illustrative purposes only and does not predict or depict the performance of any investment. There may be material factors relevant to any such comparison such as differences in volatility, and regulatory and legal restrictions between the indices shown and the strategy. Any currency conversions performed for this presentation, use FX rates as per WM Reuters 4pm spot rates, unless noted otherwise. Funds and portfolios with an ESG objective follow a sustainable or ESG related investment approach, which may cause them to perform differently than funds that are not required to integrate sustainable investment criteria when selecting securities. Funds and portfolios with no ESG objective are not required to integrate sustainable investment criteria when selecting securities so any ESG approach shown is only indicative and there is no guarantee that the specific approach will be applied across the whole portfolio. This is a client report intended for professional clients only. This material is for professional clients only and is not intended for distribution to retail clients. This document must not be used for the purpose of an offer or solicitation in any jurisdiction or in any circumstances in which such offer or solicitation is unlawful or otherwise not permitted. This document is intended only for the parties to whom it was delivered or its authorised agents and should not be copied or passed to any other person. Please contact the Client Services Team if there has been any change in your financial circumstances or risk tolerance since the previous valuation that could affect the investment objective of your portfolio. Insight obtains market data and prices from an independent pricing source for all of our currency positions on a daily basis. For trading activity the Clearing broker will be reflected. In certain cases the Clearing broker will differ from the Executing broker. Some information contained in this client report comes from external sources which Insight believes to be reliable. A list of sources is available on request. All statistics represent month end figures unless otherwise noted. It should not be assumed that any of the security transactions or holdings referenced herein have been or will prove to be profitable or that future investment decisions will be profitable or will equal or exceed the past investment performance of the securities listed. Tax treatment depends on the individual circumstances of each investor and may be subject to change in the future. Insight does not provide tax or legal advice to its clients and all investors are strongly urged to seek professional advice regarding any potential strategy or investment. Material in this publication is for general information only and is not advice, investment advice, or the recommendation of any purchase or sale of any security. Insight Investment is the corporate brand for certain companies operated by Insight Investment Management Limited (IIML). Insight includes, among others, Insight Investment Management (Global) Limited (IIMG), Insight Investment International Limited (IIIL) and Insight North America LLC (INA), each of which provides asset management services. This group of companies may be referred to as 'Insight' or 'Insight Investment'. Please compare the information provided in this statement to the information provided in the statement received from your Custodian. This report is not intended to replace your custodial statement which is your official record for all pertinent account information. Please notify us promptly if you do not receive from your custodian on at least a quarterly basis account statements that contain the amount of funds and each security in the account at the end of the period and all transactions in the account during that period. Disclosures 14MPR0214 For clients based in North America: This material is for professional clients only and is not intended for distribution to retail clients.Investment advisory services in North America are provided through two different investment advisers registered with the Securities and Exchange Commission (SEC), using the brand Insight Investment: Insight North America LLC (INA) and Insight Investment International Limited (IIIL). The North American investment advisers are associated with other global investment managers that also (individually and collectively) use the corporate brand Insight Investment and may be referred to as 'Insight' or 'Insight Investment'. INA is registered with the CFTC as a Commodity Trading Advisor and a Commodity Pool Operator and are members of the NFA. Information about the indices shown here is provided to allow for comparison of the performance of the strategy to that of certain well-known and widely recognized indices. There is no representation that such index is an appropriate benchmark for such comparison. You cannot invest directly in an index and the indices represented do not take into account trading commissions and/or other brokerage or custodial costs. The volatility of the indices may be materially different from that of the strategy. In addition, the strategy’s holdings may differ substantially from the securities that comprise the indices shown. The ICE BofA 3 Month US T-Bill index is an unmanaged market index of U.S. Treasury securities maturing in 90 days that assumes reinvestment of all income. The ICE BofA 6 Month US T-Bill index measures the performance of Treasury bills with time to maturity of less than 6 months. The ICE BofA 1-Year US Treasury Index is a one-security index comprised of the most recently issued 1-year US Treasury note. The index is rebalanced monthly. In order to qualify for inclusion, a 1-year note must be auctioned on or before the third business day before the last business day of the month. The ICE BofA 3-Year US Treasury Index is a one-security index comprised of the most recently issued 3-year US Treasury note. The index is rebalanced monthly. In order to qualify for inclusion, a 3-year note must be auctioned on or before the third business day before the last business day of the month. The ICE BofA 5-Year US Treasury Index is a one-security index comprised of the most recently issued 5-year US Treasury note. The index is rebalanced monthly. In order to qualify for inclusion, a 5-year note must be auctioned on or before the third business day before the last business day of the month. The ICE BofA 1-3 US Year Treasury Index is an unmanaged index that tracks the performance of the direct sovereign debt of the U.S. Government having a maturity of at least one year and less than three years. The ICE BofA 1-5 US Year Treasury Index is an unmanaged index that tracks the performance of the direct sovereign debt of the U.S. Government having a maturity of at least one year and less than five years. © 2025 Insight Investment. All rights reserved. Disclosures (continued) ORANGE COUNTY SANITATION DISTRICT COMMON ACRONYMS ACWA Association of California Water Agencies LOS Level Of Service RFP Request For Proposal APWA American Public Works Association MGD Million Gallons Per Day RWQCB Regional Water Quality Control Board AQMD Air Quality Management District MOU Memorandum of Understanding SARFPA Santa Ana River Flood Protection Agency ASCE American Society of Civil Engineers NACWA National Association of Clean Water Agencies SARI Santa Ana River Interceptor BOD Biochemical Oxygen Demand NEPA National Environmental Policy Act SARWQCB Santa Ana Regional Water Quality Control Board CARB California Air Resources Board NGOs Non-Governmental Organizations SAWPA Santa Ana Watershed Project Authority CASA California Association of Sanitation Agencies NPDES National Pollutant Discharge Elimination System SCADA Supervisory Control And Data Acquisition CCTV Closed Circuit Television NWRI National Water Research Institute SCAP Southern California Alliance of Publicly Owned Treatment Works CEQA California Environmental Quality Act O & M Operations & Maintenance SCAQMD South Coast Air Quality Management District CIP Capital Improvement Program OCCOG Orange County Council of Governments SOCWA South Orange County Wastewater Authority CRWQCB California Regional Water Quality Control Board OCHCA Orange County Health Care Agency SRF Clean Water State Revolving Fund CWA Clean Water Act OCSD Orange County Sanitation District SSMP Sewer System Management Plan CWEA California Water Environment Association OCWD Orange County Water District SSO Sanitary Sewer Overflow EIR Environmental Impact Report OOBS Ocean Outfall Booster Station SWRCB State Water Resources Control Board EMT Executive Management Team OSHA Occupational Safety and Health Administration TDS Total Dissolved Solids EPA US Environmental Protection Agency PCSA Professional Consultant/Construction Services Agreement TMDL Total Maximum Daily Load FOG Fats, Oils, and Grease PDSA Professional Design Services Agreement TSS Total Suspended Solids gpd gallons per day PFAS Per- and Polyfluoroalkyl Substances WDR Waste Discharge Requirements GWRS Groundwater Replenishment System PFOA Perfluorooctanoic Acid WEF Water Environment Federation ICS Incident Command System PFOS Perfluorooctanesulfonic Acid WERF Water Environment & Reuse Foundation IERP Integrated Emergency Response Plan POTW Publicly Owned Treatment Works WIFIA Water Infrastructure Finance and Innovation Act JPA Joint Powers Authority ppm parts per million WIIN Water Infrastructure Improvements for the Nation Act LAFCO Local Agency Formation Commission PSA Professional Services Agreement WRDA Water Resources Development Act ORANGE COUNTY SANITATION DISTRICT GLOSSARY OF TERMS ACTIVATED SLUDGE PROCESS – A secondary biological wastewater treatment process where bacteria reproduce at a high rate with the introduction of excess air or oxygen and consume dissolved nutrients in the wastewater. BENTHOS – The community of organisms, such as sea stars, worms, and shrimp, which live on, in, or near the seabed, also known as the benthic zone. BIOCHEMICAL OXYGEN DEMAND (BOD) – The amount of oxygen used when organic matter undergoes decomposition by microorganisms. Testing for BOD is done to assess the amount of organic matter in water. BIOGAS – A gas that is produced by the action of anaerobic bacteria on organic waste matter in a digester tank that can be used as a fuel. BIOSOLIDS – Biosolids are nutrient rich organic and highly treated solid materials produced by the wastewater treatment process. This high-quality product can be recycled as a soil amendment on farmland or further processed as an earth-like product for commercial and home gardens to improve and maintain fertile soil and stimulate plant growth. CAPITAL IMPROVEMENT PROGRAM (CIP) – Projects for repair, rehabilitation, and replacement of assets. Also includes treatment improvements, additional capacity, and projects for the support facilities. COLIFORM BACTERIA – A group of bacteria found in the intestines of humans and other animals, but also occasionally found elsewhere, used as indicators of sewage pollution. E. coli are the most common bacteria in wastewater. COLLECTIONS SYSTEM – In wastewater, it is the system of typically underground pipes that receive and convey sanitary wastewater or storm water. CERTIFICATE OF PARTICIPATION (COP) – A type of financing where an investor purchases a share of the lease revenues of a program rather than the bond being secured by those revenues. CONTAMINANTS OF POTENTIAL CONCERN (CPC) – Pharmaceuticals, hormones, and other organic wastewater contaminants. DILUTION TO THRESHOLD (D/T) – The dilution at which the majority of people detect the odor becomes the D/T for that air sample. GREENHOUSE GASES (GHG) – In the order of relative abundance water vapor, carbon dioxide, methane, nitrous oxide, and ozone gases that are considered the cause of global warming (“greenhouse effect”). GROUNDWATER REPLENISHMENT SYSTEM (GWRS) – A joint water reclamation project that proactively responds to Southern California’s current and future water needs. This joint project between the Orange County Water District and OCSD provides 70 million gallons per day of drinking quality water to replenish the local groundwater supply. LEVEL OF SERVICE (LOS) – Goals to support environmental and public expectations for performance. N-NITROSODIMETHYLAMINE (NDMA) – A N-nitrosamine suspected cancer-causing agent. It has been found in the GWRS process and is eliminated using hydrogen peroxide with extra ultra-violet treatment. NATIONAL BIOSOLIDS PARTNERSHIP (NBP) – An alliance of the NACWA and WEF, with advisory support from the EPA. NBP is committed to developing and advancing environmentally sound and sustainable biosolids management practices that go beyond regulatory compliance and promote public participation to enhance the credibility of local agency biosolids programs and improved communications that lead to public acceptance. PER- AND POLYFLUOROALKYL SUBSTANCES (PFAS) – A large group (over 6,000) of human-made compounds that are resistant to heat, water, and oil and used for a variety of applications including firefighting foam, stain and water-resistant clothing, cosmetics, and food packaging. Two PFAS compounds, perfluorooctanesulfonic acid (PFOS) and perfluorooctanoic acid (PFOA) have been the focus of increasing regulatory scrutiny in drinking water and may result in adverse health effects including developmental effects to fetuses during pregnancy, cancer, liver damage, immunosuppression, thyroid effects, and other effects. PERFLUOROOCTANOIC ACID (PFOA) – An ingredient for several industrial applications including carpeting, upholstery, apparel, floor wax, textiles, sealants, food packaging, and cookware (Teflon). PERFLUOROOCTANESULFONIC ACID (PFOS) – A key ingredient in Scotchgard, a fabric protector made by 3M, and used in numerous stain repellents. PLUME – A visible or measurable concentration of discharge from a stationary source or fixed facility. PUBLICLY OWNED TREATMENT WORKS (POTW) – A municipal wastewater treatment plant. SANTA ANA RIVER INTERCEPTOR (SARI) LINE – A regional brine line designed to convey 30 million gallons per day of non-reclaimable wastewater from the upper Santa Ana River basin to the ocean for disposal, after treatment. SANITARY SEWER – Separate sewer systems specifically for the carrying of domestic and industrial wastewater. SOUTH COAST AIR QUALITY MANAGEMENT DISTRICT (SCAQMD) – Regional regulatory agency that develops plans and regulations designed to achieve public health standards by reducing emissions from business and industry. SECONDARY TREATMENT – Biological wastewater treatment, particularly the activated sludge process, where bacteria and other microorganisms consume dissolved nutrients in wastewater. SLUDGE – Untreated solid material created by the treatment of wastewater. TOTAL SUSPENDED SOLIDS (TSS) – The amount of solids floating and in suspension in wastewater. ORANGE COUNTY SANITATION DISTRICT GLOSSARY OF TERMS TRICKLING FILTER – A biological secondary treatment process in which bacteria and other microorganisms, growing as slime on the surface of rocks or plastic media, consume nutrients in wastewater as it trickles over them. URBAN RUNOFF – Water from city streets and domestic properties that carry pollutants into the storm drains, rivers, lakes, and oceans. WASTEWATER – Any water that enters the sanitary sewer. WATERSHED – A land area from which water drains to a particular water body. OCSD’s service area is in the Santa Ana River Watershed.