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08-27-2025 Board Meeting Complete Agenda Packet
SPECIAL NOTICE PUBLIC ATTENDANCE & PARTICIPATION AT PUBLIC MEETINGS Board of Directors Meeting Wednesday, August 27, 2025 6:00 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: Join the meeting now 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: 203 473 25# 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! August 21, 2025 NOTICE OF REGULAR MEETING BOARD OF DIRECTORS ORANGE COUNTY SANITATION DISTRICT Wednesday, August 27, 2025 – 6:00 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 Board of Directors of the Orange County Sanitation District will be held at the above location and in the manner indicated on Wednesday, August 27, 2025 at 6:00 p.m. BOARD MEETING DATES September 24, 2025 October 22, 2025 November 19, 2025 * December 17, 2025 * January 28, 2026 February 25, 2026 March 25, 2026 April 22, 2026 May 27, 2026 June 24, 2026 July 22, 2026 August 26, 2026 * Meeting will be held on the third Wednesday of the month ORANGE COUNTY SANITATION DISTRICT Effective 2/11/2025 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 Janet Nguyen BOARD OF DIRECTORS Regular Meeting Agenda Wednesday, August 27, 2025 - 6:00 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 BOARD OF DIRECTORS Regular Meeting Agenda Wednesday, August 27, 2025 CALL TO ORDER Board Chairman Ryan Gallagher INVOCATION AND PLEDGE OF ALLEGIANCE Director Jordan Nefulda, City of Los Alamitos 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. SPECIAL PRESENTATIONS: None. REPORTS: The Board 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. PUBLIC HEARING: 1.2025-4423COLLECTION OF SEWER SERVICE CHARGES VIA THE TAX ROLL RECOMMENDATION: A. Conduct a public hearing to receive input on a report filed with the Clerk of the Board entitled: “Sewer Service Charges for Collection on Tax Rolls for Fiscal Year 2025-26”: 1. Open the Public Hearing 2. Receive staff report and recommendations 3. Report of written communications by Clerk of the Board 4. Public Comment 5. Close Public Hearing 6. Discussion by Board of Directors; B. Unless there is a majority protest, adopt the Report, which has the assessor’s Page 1 of 8 BOARD OF DIRECTORS Regular Meeting Agenda Wednesday, August 27, 2025 parcel numbers and amount of charges for collection on the tax rolls; C. Adopt Resolution No. OC SAN 25-15 titled: “A Resolution of the Board of Directors of the Orange County Sanitation District adopting the Report proposing to collect Sewer Service Fees on the Tax Roll for Fiscal Year 2025/2026”; D. Authorize execution of the “Certification of Assessment”; E. Direct staff to file a certified copy of the adopted Resolution, Report, and the Certification of Assessment with the County Auditor-Controller; and F. Direct staff to coordinate collection of sanitary sewer service charges on the general Orange County tax rolls with the County Auditor-Controller, Assessor, and Tax Collector. Originator:Wally Ritchie Agenda Report Proposed Resolution No. OC SAN 25-15 Prop 218 Certification of Assessment Attachments: CONSENT CALENDAR: Consent Calendar Items are considered to be routine and will be enacted, by the Board of Directors, after one motion, without discussion. Any items withdrawn from the Consent Calendar for separate discussion will be considered in the regular order of business. 2.2025-4427APPROVAL OF MINUTES RECOMMENDATION: Approve minutes of the Regular meeting of the Board of Directors held July 23, 2025. Originator:Kelly Lore Agenda Report 07-23-2025 Board Meeting Minutes Attachments: 3.2024-3844TREASURER’S REPORT FOR THE FOURTH QUARTER ENDED JUNE 30, 2025 RECOMMENDATION: Receive and file the Orange County Sanitation District Fourth Quarter Treasurer’s Report for the period ended June 30, 2025. Originator:Wally Ritchie Agenda Report Fourth Quarter Treasurer’s Report Attachments: Page 2 of 8 BOARD OF DIRECTORS Regular Meeting Agenda Wednesday, August 27, 2025 4.2025-4421GENERAL MANAGER APPROVED PURCHASES AND ADDITIONS TO THE PRE-APPROVED OEM SOLE SOURCE LIST RECOMMENDATION: A. Receive and file Orange County Sanitation District (OC San) purchases made under the General Manager’s authority for the period of April 1, 2025 to June 30, 2025; and B. Approve the following additions to the pre-approved Original Equipment Manufacturer (OEM) Sole Source List: ·MEGGER - TAU3 Basic Multifunction Transformer Test Set ·FLO-SERVICES, INC. - Hidrostal Pump Repairs and Services ·LUFKIN GEARS - Parts and Repairs for High-Speed Gearboxes Originator:Wally Ritchie Agenda ReportAttachments: 5.2025-4432PURCHASE OF MULTI-GAS MONITORS AND ASSOCIATED SERVICES, SPECIFICATION NO. E-2025-653BD RECOMMENDATION: A. Approve an Equipment and Services Contract to Blackline Safety Corp. for the Purchase of Multi-Gas Monitors and Associated Services, Specification No. E-2025-653BD for a total amount not to exceed $1,389,217.72; and B. Approve a contingency of $69,460.89 (5%). Originator:Laura Maravilla Agenda Report E-2025-653BD Equipment and Services Contract Attachments: RECEIVE AND FILE: 6.2024-3845REPORT OF THE INVESTMENT TRANSACTIONS FOR THE MONTH OF JULY 2025 RECOMMENDATION: Receive and file the following: Report of the Investment Transactions for the month of July 2025. Originator:Wally Ritchie Page 3 of 8 BOARD OF DIRECTORS Regular Meeting Agenda Wednesday, August 27, 2025 Agenda Report Report of the Investment Transactions - July 2025 Attachments: 7.2025-4031COMMITTEE MEETING MINUTES RECOMMENDATION: Receive and file the following: Minutes of the Steering Committee Meeting held June 25, 2025. Originator:Kelly Lore Agenda Report 06-25-2025 Steering Committee Meeting Minutes Attachments: OPERATIONS COMMITTEE: None. ADMINISTRATION COMMITTEE: None. STEERING COMMITTEE: None. NON-CONSENT: 8.2025-4461BUDGET INCREASE FOR FISCAL YEAR 2024-25 RECOMMENDATION: Approve a budget increase of $20,000,000 for FY 2024-25, for a total budget as follows: FY 2024-25 Net Operating $232,674,493 Self-Insurance - Worker’s Comp.$1,124,029 Self-Insurance - Property & Gen. Liability $4,402,500 Net Capital Improvement Program $243,075,113 Debt/COP Service $61,027,421 Intra-District Joint Equity Purchase/Sale (1)$3,500,000 Total $545,803,556 (1)Cash to/from Revenue Area 14 (RA14) in exchange for capital assets to/from Consolidated Revenue Area 15 (RA15) Originator:Wally Ritchie Page 4 of 8 BOARD OF DIRECTORS Regular Meeting Agenda Wednesday, August 27, 2025 Agenda ReportAttachments: 9.2025-4462COMPENSATION AND BENEFITS FOR UNREPRESENTED EMPLOYEE GROUPS - CONFIDENTIAL EXEMPT AND NON-EXEMPT RECOMMENDATION: A. Adopt Resolution No. OC SAN 25-10 titled, “A Resolution of the Board of Directors of the Orange County Sanitation District approving salary and benefit adjustments for unrepresented exempt Confidential Group employees for Fiscal Years 2025-2026, 2026-2027, and 2027-2028;” B. Adopt Resolution No. OC SAN 25-11 titled, “A Resolution of the Board of Directors of the Orange County Sanitation District approving salary and benefit adjustments for unrepresented non-exempt Confidential Group employees for Fiscal Years 2025-2026, 2026-2027, and 2027-2028.” Originator:Laura Maravilla Agenda Report Proposed Resolution No. OC SAN 22-10 (Exempt Confidential Group) Proposed Resolution No. OC SAN 22-11 (Non-Exempt Confidential Group) Current Salary Schedule - Confidential Group Attachments: 10.2025-4463COMPENSATION AND BENEFITS FOR UNREPRESENTED EMPLOYEE GROUPS - EXECUTIVE MANAGEMENT TEAM AND MANAGER GROUP RECOMMENDATION: A. Adopt Resolution No. OC SAN 25-12 titled, “A Resolution of the Board of Directors of the Orange County Sanitation District approving salary and benefit adjustments for unrepresented Executive Management Team employees for Fiscal Years 2025-2026, 2026-2027, and 2027-2028;” B. Adopt Resolution No. OC SAN 25-13 titled, “A Resolution of the Board of Directors of the Orange County Sanitation District approving salary and benefit adjustments for unrepresented Manager Group employees for Fiscal Years 2025-2026, 2026-2027, and 2027-2028.” Originator:Laura Maravilla Agenda Report Proposed Resolution No. OC SAN 25-12 (EMT) Proposed Resolution No. OC SAN 25-13 (Managers) Attachments: Page 5 of 8 BOARD OF DIRECTORS Regular Meeting Agenda Wednesday, August 27, 2025 11.2025-4464GENERAL MANAGER’S COMPENSATION AND BENEFITS RECOMMENDATION: Adopt Resolution No. OC SAN 25-14 titled: “A Resolution of the Board of Directors of the Orange County Sanitation District approving salary and benefit adjustments for the General Manager for Fiscal Year 2025/2026.” The changes consist of a salary increase and corresponding salary range adjustment of 4.5%, effective in the first pay period of July 2025, and changes to a leave bank, 457(b) contribution and mileage reimbursement. Originator:Laura Maravilla Agenda Report Proposed Resolution No. OC SAN 25-14 GM Salary Schedules (Current & Proposed) At-Will Employment Agreement, Robert C. Thompson (eff. 7/1/25) Attachments: INFORMATION ITEMS: None. AB 1234 DISCLOSURE REPORTS: This item allows Board members to provide a brief oral report regarding the disclosure of outside committees, conferences, training, seminars, etc. attended at the Agency’s expense, per Government Code §53232.3(d). • Report from Board Delegate - ISDOC • Report from Board Delegate - NWRI • Report from Board Delegate - OCCOG • Report from Board Delegate - SARFPA • Report from GWRS Steering Committee Member(s) • Other CLOSED SESSION: During the course of conducting the business set forth on this agenda as a regular meeting of the Board, the Chairperson may convene the Board in closed session to consider matters of pending real estate negotiations, pending or potential litigation, or personnel matters, pursuant to Government Code Sections 54956.8, 54956.9, 54957 or 54957.6, as noted. Reports relating to (a) purchase and sale of real property; (b) matters of pending or potential litigation; (c) employment actions or negotiations with employee representatives; or which are exempt from public disclosure under the California Public Records Act, may be reviewed by the Board during a permitted closed session and are not available for public inspection. At such time the Board takes final action on any of these subjects, the minutes will reflect all required disclosures of information. CONVENE IN CLOSED SESSION. Page 6 of 8 BOARD OF DIRECTORS Regular Meeting Agenda Wednesday, August 27, 2025 CS-1 2025-4458CONFERENCE WITH LEGAL COUNSEL RE EXISTING LITIGATION - GOVERNMENT CODE SECTION 54956.9(d)(1) RECOMMENDATION: Convene in Closed Session: Number of Cases: 2 A. Ddaze Phuong, Workers’ Compensation Claim, Workers Compensation Appeals Board, Case Nos. ADJ16015389 and ADJ18947693; and B. James Cabral, Workers’ Compensation Claim, Workers Compensation Appeals Board, Case Nos. ADJ20490382 and ADJ20620306. Agenda Report Board CS Memo re Workers Comp Claims 08-27-25 Attachments: CS-2 2025-4459CONFERENCE WITH REAL PROPERTY NEGOTIATORS - GOVERNMENT CODE SECTION 54956.8 RECOMMENDATION: Convene in Closed Session: A.Property: 10700 Spencer Street, Fountain Valley, CA - APN No.156-154-07 and 156-163-16. Agency negotiators: General Manager Rob Thompson; Assistant General Manager Lorenzo Tyner; and Director of Finance Wally Ritchie. Negotiating parties: Shabtai Itzhak Tr Ins Tr Under negotiation: Price and Terms of payment B.Property: 18250 Euclid Street, Fountain Valley, CA - APN No.156-171-41. Agency negotiators: General Manager Rob Thompson; Assistant General Manager Lorenzo Tyner; and Director of Finance Wally Ritchie. Negotiating parties: Rexford Industrial Realty LP Under negotiation: Price and Terms of payment Agenda Report Board CS Memo re Real Property 08-27-25 Attachments: CS-3 2025-4460CONFERENCE WITH LEGAL COUNSEL RE ANTICIPATED LITIGATION - GOVERNMENT CODE SECTION 54956.9(D)(4) RECOMMENDATION: Convene in Closed Session: Number of Potential Cases: 1. Page 7 of 8 BOARD OF DIRECTORS Regular Meeting Agenda Wednesday, August 27, 2025 Initiation of litigation. Agenda Report Board CS Memo re Potential Initiation of Litigation 08-27-25 Attachments: RECONVENE IN REGULAR SESSION. CONSIDERATION OF ACTION, IF ANY, ON MATTERS CONSIDERED IN CLOSED SESSION: 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 Board meeting until the Regular Meeting of the Board of Directors on September 24, 2025 at 6:00 p.m. Page 8 of 8 BOARD OF DIRECTORS Agenda Report Headquarters 18480 Bandilier Circle Fountain Valley, CA 92708 (714) 593-7433 File #:2025-4423 Agenda Date:8/27/2025 Agenda Item No:1. FROM:Robert Thompson, General Manager Originator: Wally Ritchie, Director of Finance SUBJECT: COLLECTION OF SEWER SERVICE CHARGES VIA THE TAX ROLL GENERAL MANAGER'S RECOMMENDATION RECOMMENDATION: A. Conduct a public hearing to receive input on a report filed with the Clerk of the Board entitled: “Sewer Service Charges for Collection on Tax Rolls for Fiscal Year 2025-26”: 1. Open the Public Hearing 2. Receive staff report and recommendations 3. Report of written communications by Clerk of the Board 4. Public Comment 5. Close Public Hearing 6. Discussion by Board of Directors; B. Unless there is a majority protest, adopt the Report, which has the assessor’s parcel numbers and amount of charges for collection on the tax rolls; C. Adopt Resolution No. OC SAN 25-15 titled: “A Resolution of the Board of Directors of the Orange County Sanitation District adopting the Report proposing to collect Sewer Service Fees on the Tax Roll for Fiscal Year 2025/2026”; D. Authorize execution of the “Certification of Assessment”; E. Direct staff to file a certified copy of the adopted Resolution, Report, and the Certification of Assessment with the County Auditor-Controller; and F. Direct staff to coordinate collection of sanitary sewer service charges on the general Orange County tax rolls with the County Auditor-Controller, Assessor, and Tax Collector. BACKGROUND Sections 5473 and 5473.1 of the State Health and Safety Codes allow the Orange County Sanitation District (OC San)to collect the Sanitary Sewer Service Charges on the County’s Property Tax Roll. OC San has exercised this option in the past because it has proven to be a cost-effective method of Orange County Sanitation District Printed on 8/20/2025Page 1 of 3 powered by Legistar™ File #:2025-4423 Agenda Date:8/27/2025 Agenda Item No:1. OC San has exercised this option in the past because it has proven to be a cost-effective method of collection. To collect the charges on the tax roll, annually it is necessary to: 1.File a report with the Clerk of the Board identifying each parcel of real property receiving OC San’s services and the amount of the charge; and 2. Provide notice and conduct a public hearing on the Report. RELEVANT STANDARDS ·Maintain a culture of improving efficiency to reduce the cost to provide the current service level or standard PROBLEM The California Health and Safety Code requires a public hearing on the annual report of charges and mechanism to collect sewer fees. PROPOSED SOLUTION Provide notice of and hold a public hearing on annual charges and adopt a Resolution directing the County Tax Collector-Treasurer to include local and regional sanitary sewer service charges on the tax roll. TIMING CONCERNS Special Assessments are due to the County Auditor-Controller in August to be included on the tax roll. RAMIFICATIONS OF NOT TAKING ACTION Approximately $357 million of sanitary sewer service charges would not be collected on the County tax roll. PRIOR COMMITTEE/BOARD ACTIONS Similar hearings are conducted annually to enable OC San to collect local and regional sanitary sewer service charges via special assessments on the tax roll. March 2023 - Board of Directors adopted the Multi-Year Regional Sewer Service Charge Schedule. FINANCIAL CONSIDERATIONS Collecting sanitary sewer service charges on the County tax roll is the most efficient and cost- effective way of collecting these charges from property owners. Orange County Sanitation District Printed on 8/20/2025Page 2 of 3 powered by Legistar™ File #:2025-4423 Agenda Date:8/27/2025 Agenda Item No:1. ATTACHMENT The following attachment(s)may be viewed on-line at the OC San website (www.ocsan.gov)with the complete agenda package: ·Proposed Resolution No. OC SAN 25-15 ·Proposition 218 Certification of Assessment ·“Sewer Service Charges for Collection on Tax Rolls for Fiscal Year 2025-26”filed electronically in the Clerk of the Board’s office Orange County Sanitation District Printed on 8/20/2025Page 3 of 3 powered by Legistar™ OC SAN 25-15-1 RESOLUTION NO. OC SAN 25-15 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE ORANGE COUNTY SANITATION DISTRICT ADOPTING THE REPORT PROPOSING TO COLLECT SEWER SERVICE FEES ON THE TAX ROLL FOR FISCAL YEAR 2025/2026 WHEREAS, California Health and Safety Code sections 5473 et seq. authorize the Orange County Sanitation District to adopt an ordinance by a two-thirds vote of the Board of Directors of the Orange County Sanitation District to collect sewer service fees on the tax roll, in the same manner and at the same time as the general taxes; and WHEREAS, on March 22, 2023, the Board of Directors adopted Ordinance No. OC SAN- 58, an ordinance establishing sanitary sewer service charges and allowing for the collection of such sanitary sewer service charges ("Regional Sewer Fees") on the tax roll, in the same manner, by the same persons, and at the same time as, together with, and not separate from, its general taxes; and WHEREAS, on May 22, 2013, the Board of Directors adopted Ordinance No. OCSD-43, an ordinance establishing local sanitary sewer service charges for customers receiving local sanitary sewer service in former revenue area 7 and allowing for the collection of such local sanitary sewer service charges ("Local Sewer Fees") on the tax roll, in the same manner, by the same persons, and at the same time as, together with, and not separate from, its general taxes; and WHEREAS, both Ordinance No. OC SAN-58 and Ordinance No. OCSD-43 were approved by a minimum of two-thirds of the members of the Board of Directors of the Orange County Sanitation District; and WHEREAS, pursuant to California Health and Safety Code sections 5473 et seq., a written report (the "Report"), a copy of which is filed electronically with the Clerk of the Board of Directors of the Orange County Sanitation District and by this reference incorporated herein, describing each parcel of real property subject to said Regional Sewer Fees and Local Sewer Fees, including the amount of said charges to be imposed thereon for Fiscal Year 2024-2025; and WHEREAS, the Orange County Sanitation District has caused notice of the filing of the Report to be published and has given notice of the hearing to consider such Report in accordance with California Health and Safety Code section 5473.1; and WHEREAS, the Board of Directors have heard and considered all objections and protests to the Report and has determined. and hereby finds that protests have not been made by the owner of a majority of the separate parcels of property described in the Report; and WHEREAS, the Board of Directors have determined to adopt the Report and collect the Regional Sewer Fees and the Local Sewer Fees on the tax roll, which fees shall constitute a lien OC SAN 25-15-2 against the parcels of land described in the Report in accordance with California Health and Safety Code sections 5473 et. seq. NOW, THEREFORE, the Board of Directors of the Orange County Sanitation District, DOES HEREBY RESOLVE, DETERMINE, AND ORDER: Section 1: The above recitals are true and correct. Section 2: The Report as presented is hereby adopted. Any objections, to the extent received, are hereby overruled. Section 3: The Clerk of the Board, or the designee, is hereby directed to file a copy of the Report with the Orange County Auditor's Office, together with a statement endorsed thereon over his/her signature that the Report has been adopted by the Board of Directors of the Orange County Sanitation District and shall request that said Regional Sewer Fees and Local Sewer Fees be entered against the respective parcels of land as they appear on the current assessment roll pursuant to California Health and Safety Code sections 5473 et seq. Section 4: That the General Manager, or his designee, is hereby authorized and directed to execute any necessary documents or agreements to affect the order set forth in Section 3 herein. PASSED AND ADOPTED at a regular meeting of the Board of Directors of the Orange County Sanitation District held August 27, 2025. ________________________________ Ryan P. Gallagher Chairman of the Board of Directors ATTEST: ___________________________________ Kelly A. Lore, MMC Clerk of the Board APROVED AS TO FORM: ___________________________________ Scott C. Smith General Counsel OC SAN 25-15-3 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 foregoing Resolution No. OC SAN 25-15 was passed and adopted at a regular meeting of said Board on the 27th day of August 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 27th day of August 2025. Kelly A. Lore, MMC Clerk of the Board of Directors Orange County Sanitation District CERTIFICATION OF ASSESSMENT The Orange County Sanitation District hereby certifies that the special assessment(s) (see below) to be placed on the 2025-26 Secured Property Tax bill by the Orange County Sanitation District meets the requirements of Proposition 218 that added Articles XIIIC and XIIID to the State Constitution. The Orange County Sanitation District agrees to defend, indemnify, and hold harmless the County of Orange, the Board of Supervisors, the Auditor-Controller, its officers and employees, from litigation over whether the requirements of Proposition 218 were met with respect to such assessment(s). If any judgment is entered against any indemnified party as a result of not meeting the requirements of Proposition 218 for such assessment(s), the Orange County Sanitation District agrees that County may offset the amount of any judgment paid by an indemnified party from any monies collected by County on Orange County Sanitation District behalf, including property taxes, special taxes, fees, or assessments. _____________________________________________________ _________________ Robert C. Thompson Date General Manager 2025-26 Special Assessments and/or Direct Charges are listed below: County Type of Tax/ City/District Code Description 1. UA/916 OCSAN Local Sewer Fee 2. U1/916 OCSAN Regional Sewer Fee District 1 3. U2/916 OCSAN Regional Sewer Fee District 2 4. U3/916 OCSAN Regional Sewer Fee District 3 5. U4/916 OCSAN Regional Sewer Fee District 5 6. U5/916 OCSAN Regional Sewer Fee District 6 7. U6/916 OCSAN Regional Sewer Fee District 7 8. U7/916 OCSAN Regional Sewer Fee District 11 9. U8/916 OCSAN Regional Sewer Fee District 13 BOARD OF DIRECTORS Agenda Report Headquarters 18480 Bandilier Circle Fountain Valley, CA 92708 (714) 593-7433 File #:2025-4427 Agenda Date:8/27/2025 Agenda Item No:2. 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 Board of Directors held July 23, 2025. 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: ·July 23, 2025 Board of Directors meeting minutes Orange County Sanitation District Printed on 8/18/2025Page 1 of 1 powered by Legistar™ ORANGE COUNTY SANITATION DISTRICT MINUTES BOARD OF DIRECTORS JULY 23, 2025 Board Room Headquarters 18480 Bandilier Circle Fountain Valley, CA 92708 (714) 593-7433 TELECONFERENCE LOCATIONThe Westin Peachtree Plaza Hotel - Room 5605 210 Peachtree St. NW Atlanta, GA 30303 BOARD OF DIRECTORS Minutes July 23, 2025 CALL TO ORDER A regular meeting of the Board of Directors of the Orange County Sanitation District was called to order by Board Chairman Ryan Gallagher on Wednesday, July 23, 2025 at 6:00 p.m. in the Orange County Sanitation District Headquarters. Director Debbie Baker delivered the invocation and led the Pledge of Allegiance. Director Johnathan Ryan Hernandez attended the meeting via teleconference as posted in the agenda and in accordance with standard Brown Act requirements. All votes were taken by roll call. ROLL CALL AND DECLARATION OF QUORUM The Clerk of the Board declared a quorum present as follows: PRESENT:Joyce Ahn, Debbie Baker, Pat Burns, Doug Chaffee, Jon Dumitru, Ryan Gallagher, Johnathan Ryan Hernandez, Lisa Landau, Carlos Leon, Christine Marick, Scott Minikus, Jordan Nefulda, Andrew Nguyen, Jamie Valencia, Chad Wanke, Erik Weigand, Rose Espinoza (Alternate), Dan Ferons (Alternate), Gene Hernandez (Alternate), Kelly McBride (Alternate), Art Perry (Alternate), Cindy Tran (Alternate), Kathleen Treseder (Alternate) and John Warren (Alternate) ABSENT:Glenn Grandis STAFF PRESENT: 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 and Maintenance; Wally Ritchie, Director of Finance; Lan Wiborg, Director of Environmental Services; Kelly Lore, Clerk of the Board; Mo Abiodun; Jackie Castro; Daisy Covarrubias; Suzanne Crider; Raul Cuellar; Don Cutler; Thys DeVries; Martin Dix; Justin Fenton; John Frattali; Al Garcia; David Haug; Mark Kawamoto; Tom Meregillano; Rob Michaels; Tania Moore; Giti Radvar; Aldwin Ramirez; Valerie Ratto; Carrie Robles; Loc Trang; Thomas Vu; and Kevin Work were present in the Board Room. Laurie Klinger was present telephonically. OTHERS PRESENT: Scott Smith, General Counsel; Laura Drottz Kalty, Special Counsel, Liebert Cassidy Whitmore; Phillip Lem, Special Counsel, Payne & Fears LLP; Alison Marcy; Steven Marcy; April Thompson; and Amanda Thompson were present in the Board Room. PUBLIC COMMENTS: None. SPECIAL PRESENTATIONS: 1.EMPLOYEE SERVICE AWARDS 2025-4376 Page 1 of 19 BOARD OF DIRECTORS Minutes July 23, 2025 Originator: Kelly Lore Chair Gallagher presented a 30-year service award to General Manager Rob Thompson. He also recognized Senior Engineer Jeff Brown and Lead Mechanic Peter Cheffs who could not be in attendance, for their 30 years of service. 30-year Service Awards Jeff Brown, Senior Engineer - Division 830 Peter Cheffs, Lead Mechanic - Division 820 Rob Thompson, General Manager - Division 110 REPORTS: Chair Gallagher reminded the Board members of the upcoming Trawl and Rig Fishing cruise days and “A Day at the Dock” in August and September on OC San’s ocean monitoring vessel the Nerissa. Chair Gallagher reported that the fall session of Wastewater 101 Citizens Academy will begin on September 2, 2025, and sign ups are currently being taken. The four-session academy covers all areas of OC San providing attendees a behind the scenes look and understanding of one of the largest resource recovery facilities in the country. Chair Gallagher stated that the Directors would receive talking points regarding OC San activities for their use while reporting out to their councils, boards, and community groups. Mr. Thompson reported on his attendance at the following: Fullerton State of the City; MWDOC’s Water Policy Forum; NACWA 2025 Policy Workshop; and CASA Board Meeting. He reported that Director of Engineering Mike Dorman presented to the Los Alamitos City Council on the Cypress Trunk Sewer Project which had just started construction. Mr. Thompson reported on upcoming events: OC San “Take Your Kid to Work Day” and through outreach efforts, OC San will present at the City of Irvine’s Summer Camp; a local Homeowner Association in Newport Beach for our Bay Bridge Pump Station; City of Newport’s State of the County; and CASA Conference. Mr. Thompson reported that the 2025 US Open of Surfing would take place August 1-2 and provided details on the preparation OC San staff had completed for the event. Mr. Thompson announced that for the 24th year in a row, Contracts & Procurement had been awarded the Achievement of Excellence in Procurement (AEP) Award, which award demonstrates OC San’s commitment to our respective mission to provide the highest ethical, economic and progressive contracts and purchasing standards possible. General Counsel, Scott Smith reported that a workers’ compensation settlement agreement approved in Closed Session in February 2025, had been reached within the Board’s approved settlement authority. Page 2 of 19 BOARD OF DIRECTORS Minutes July 23, 2025 CONSENT CALENDAR: 2.APPROVAL OF MINUTES 2025-4377 Originator: Kelly Lore MOVED, SECONDED, AND DULY CARRIED TO: Approve minutes of the Regular meeting of the Board of Directors held June 25, 2025. AYES:Joyce Ahn, Debbie Baker, Pat Burns, Doug Chaffee, Jon Dumitru, Ryan Gallagher, Johnathan Ryan Hernandez, Lisa Landau, Carlos Leon, Christine Marick, Scott Minikus, Jordan Nefulda, Andrew Nguyen, Jamie Valencia, Chad Wanke, Erik Weigand, Dan Ferons (Alternate), Gene Hernandez (Alternate), Kelly McBride (Alternate), Art Perry (Alternate), Cindy Tran (Alternate), Kathleen Treseder (Alternate) and John Warren (Alternate) NOES:None ABSENT:Glenn Grandis ABSTENTIONS:Rose Espinoza (Alternate) RECEIVE AND FILE: 3.REPORT OF THE INVESTMENT TRANSACTIONS FOR THE MONTH OF JUNE 2025 2025-4411 Originator: Wally Ritchie WITHOUT OBJECTION ACTION TAKEN TO RECEIVE AND FILE THE FOLLOWING: Report of the Investment Transactions for the month of June 2025. 4.COMMITTEE MEETING MINUTES 2025-4036 Originator: Kelly Lore WITHOUT OBJECTION ACTION TAKEN TO RECEIVE AND FILE THE FOLLOWING: A. Minutes of the GWRS Steering Committee Meeting held April 14, 2025 B. Minutes of the Steering Committee Meeting held May 28, 2025 C. Minutes of the Operations Committee Meeting held June 4, 2025 D. Minutes of the Administration Committee Meeting held June 11, 2025 Page 3 of 19 BOARD OF DIRECTORS Minutes July 23, 2025 OPERATIONS COMMITTEE: 5.INDUSTRIAL CONTROL SYSTEM AND IT DATA CENTER RELOCATION AT PLANT NO. 1, PROJECT NO. P1-138 2025-4378 Originator: Mike Dorman MOVED, SECONDED, AND DULY CARRIED TO: A. Approve a Professional Design Services Agreement with Lee + Ro, Inc., to provide engineering services for Industrial Control System and IT Data Center Relocation at Plant No. 1, Project No. P1-138, for an amount not to exceed $2,354,485; and B. Approve a contingency of $235,449 (10%). AYES:Joyce Ahn, Debbie Baker, Pat Burns, Doug Chaffee, Jon Dumitru, Ryan Gallagher, Johnathan Ryan Hernandez, Lisa Landau, Carlos Leon, Christine Marick, Scott Minikus, Jordan Nefulda, Andrew Nguyen, Jamie Valencia, Chad Wanke, Erik Weigand, Rose Espinoza (Alternate), Dan Ferons (Alternate), Gene Hernandez (Alternate), Kelly McBride (Alternate), Art Perry (Alternate), Cindy Tran (Alternate), Kathleen Treseder (Alternate) and John Warren (Alternate) NOES:None ABSENT:Glenn Grandis ABSTENTIONS:None 6.TRUCK LOADING BAY ODOR CONTROL IMPROVEMENTS AT PLANT NO. 2, PROJECT NO. P2-140 2025-4379 Originator: Mike Dorman MOVED, SECONDED, AND DULY CARRIED TO: A. Approve a Professional Design Services Agreement with CDM Smith, Inc., to provide engineering services for Truck Loading Bay Odor Control Improvements at Plant No. 2, Project No. P2-140, for an amount not to exceed $899,800; and B. Approve a contingency of $89,980 (10%). Page 4 of 19 BOARD OF DIRECTORS Minutes July 23, 2025 AYES:Joyce Ahn, Debbie Baker, Pat Burns, Doug Chaffee, Jon Dumitru, Ryan Gallagher, Johnathan Ryan Hernandez, Lisa Landau, Carlos Leon, Christine Marick, Scott Minikus, Jordan Nefulda, Andrew Nguyen, Jamie Valencia, Chad Wanke, Erik Weigand, Rose Espinoza (Alternate), Dan Ferons (Alternate), Gene Hernandez (Alternate), Kelly McBride (Alternate), Art Perry (Alternate), Cindy Tran (Alternate), Kathleen Treseder (Alternate) and John Warren (Alternate) NOES:None ABSENT:Glenn Grandis ABSTENTIONS:None 7.ENGINE EXHAUST HEAT RECOVERY BOILER ASSESSMENT, SPECIFICATION NO. CS-2025-650BD 2025-4380 Originator: Riaz Moinuddin MOVED, SECONDED, AND DULY CARRIED TO: A. Approve a Professional Consultant Services Agreement with Pond and Company, Inc. for Engine Exhaust Heat Recovery Boiler Assessment, Specification No. CS-2025-650BD, for an average annual amount of $399,515 with four (4) optional one-year renewals for a total contract amount not to exceed $1,598,060; B. Authorize the General Manager or his designee to amend the Professional Consultant Services Agreement to move funds from one term to another, as necessary, due to business needs with the total overall amount over five (5) years not to exceed $1,598,060; and C. Approve an annual contingency of $39,952 (10%). AYES:Joyce Ahn, Debbie Baker, Pat Burns, Doug Chaffee, Jon Dumitru, Ryan Gallagher, Johnathan Ryan Hernandez, Lisa Landau, Carlos Leon, Christine Marick, Scott Minikus, Jordan Nefulda, Andrew Nguyen, Jamie Valencia, Chad Wanke, Erik Weigand, Rose Espinoza (Alternate), Dan Ferons (Alternate), Gene Hernandez (Alternate), Kelly McBride (Alternate), Art Perry (Alternate), Cindy Tran (Alternate), Kathleen Treseder (Alternate) and John Warren (Alternate) NOES:None ABSENT:Glenn Grandis ABSTENTIONS:None Page 5 of 19 BOARD OF DIRECTORS Minutes July 23, 2025 8.OCEAN OUTFALL SYSTEM REHABILITATION, PROJECT NO. J-117 2025-4381 Originator: Mike Dorman MOVED, SECONDED, AND DULY CARRIED TO: Approve a contingency increase of $153,450 (14%) to the existing Professional Services Agreement with SEL (formerly known as Schweitzer Engineering Laboratories, Inc.) for Outfall Low Flow Pump Station, Contract No. J-117B as part of Ocean Outfall System Rehabilitation, Project No. J-117, for a new total contingency amount of $263,057 (24%). AYES:Joyce Ahn, Debbie Baker, Pat Burns, Doug Chaffee, Jon Dumitru, Ryan Gallagher, Johnathan Ryan Hernandez, Lisa Landau, Carlos Leon, Christine Marick, Scott Minikus, Jordan Nefulda, Andrew Nguyen, Jamie Valencia, Chad Wanke, Erik Weigand, Rose Espinoza (Alternate), Dan Ferons (Alternate), Gene Hernandez (Alternate), Kelly McBride (Alternate), Art Perry (Alternate), Cindy Tran (Alternate), Kathleen Treseder (Alternate) and John Warren (Alternate) NOES:None ABSENT:Glenn Grandis ABSTENTIONS:None 9.PRIMARY CLARIFIERS F AND G ROTATING MECHANISM REHABILITATION AT PLANT NO. 2, PROJECT NO. FE23-09, SPECIFICATION NO. S-2024-612BD 2025-4382 Originator: Mike Dorman MOVED, SECONDED, AND DULY CARRIED TO: Approve a contingency increase of $850,500 (27%) to the existing Services Contract with Vicon Enterprises, Inc., for Primary Clarifiers F and G Rotating Mechanism Rehabilitation at Plant No. 2, Project No. FE23-09, Specification No. S-2024-612BD, for a new total contingency of $1,323,000 (42%). AYES:Joyce Ahn, Debbie Baker, Pat Burns, Doug Chaffee, Jon Dumitru, Ryan Gallagher, Johnathan Ryan Hernandez, Lisa Landau, Carlos Leon, Christine Marick, Scott Minikus, Jordan Nefulda, Andrew Nguyen, Jamie Valencia, Chad Wanke, Erik Weigand, Rose Espinoza (Alternate), Dan Ferons (Alternate), Gene Hernandez (Alternate), Kelly McBride (Alternate), Art Perry (Alternate), Cindy Tran (Alternate), Kathleen Treseder (Alternate) and John Warren (Alternate) NOES:None ABSENT:Glenn Grandis ABSTENTIONS:None Page 6 of 19 BOARD OF DIRECTORS Minutes July 23, 2025 ADMINISTRATION COMMITTEE: 10.TECHNICAL EVALUATION OF LOCAL LIMITS, SPECIFICATION NO. CS-2025-666BD 2025-4386 Originator: Lan Wiborg MOVED, SECONDED, AND DULY CARRIED TO: A. Approve a Professional Consultant Services Agreement to EEC Environmental for Technical Evaluation of Local Limits, Specification No. CS-2025-666BD, for a total amount not to exceed $459,840; and B. Approve a contingency of $68,976 (15%). AYES:Joyce Ahn, Debbie Baker, Pat Burns, Doug Chaffee, Jon Dumitru, Ryan Gallagher, Johnathan Ryan Hernandez, Lisa Landau, Carlos Leon, Christine Marick, Scott Minikus, Jordan Nefulda, Andrew Nguyen, Jamie Valencia, Chad Wanke, Erik Weigand, Rose Espinoza (Alternate), Dan Ferons (Alternate), Gene Hernandez (Alternate), Kelly McBride (Alternate), Art Perry (Alternate), Cindy Tran (Alternate), Kathleen Treseder (Alternate) and John Warren (Alternate) NOES:None ABSENT:Glenn Grandis ABSTENTIONS:None 11.ABANDONED SEWER EASEMENT QUITCLAIM DEED 2025-4398 Originator: Lorenzo Tyner MOVED, SECONDED, AND DULY CARRIED TO: A. Approve the Easement Quitclaim Deed authorizing the relinquishment of an Easement with the City of Huntington Beach for abandoned sewer easement to SLF- HB Magnolia, LLC, a Delaware limited liability company, in a form approved by General Counsel; and B. Direct the Clerk of the Board to record the Easement Quitclaim Deed with the Orange County Clerk-Recorder’s Office. Page 7 of 19 BOARD OF DIRECTORS Minutes July 23, 2025 AYES:Joyce Ahn, Debbie Baker, Pat Burns, Doug Chaffee, Jon Dumitru, Ryan Gallagher, Johnathan Ryan Hernandez, Lisa Landau, Carlos Leon, Christine Marick, Scott Minikus, Jordan Nefulda, Andrew Nguyen, Jamie Valencia, Chad Wanke, Erik Weigand, Rose Espinoza (Alternate), Dan Ferons (Alternate), Gene Hernandez (Alternate), Kelly McBride (Alternate), Art Perry (Alternate), Cindy Tran (Alternate), Kathleen Treseder (Alternate) and John Warren (Alternate) NOES:None ABSENT:Glenn Grandis ABSTENTIONS:None 12.ENVIRONMENTAL REGULATORY REPORTS 2025-4389 Originator: Lan Wiborg MOVED, SECONDED, AND DULY CARRIED TO: Receive and file the following environmental regulatory reports: Annual Biosolids Management Compliance Report CY 2024, Annual Pretreatment Program Report FY 2024 (July 2023-June 2024), Semi-Annual Pretreatment Program Report (July-December 2024), Annual Mandatory Reporting of Greenhouse Gas Emissions Report CY 2024, Annual Emissions Report CY 2024, and the Marine Monitoring Annual Report FY 2024 (July 2023-June 2024). AYES:Joyce Ahn, Debbie Baker, Pat Burns, Doug Chaffee, Jon Dumitru, Ryan Gallagher, Johnathan Ryan Hernandez, Lisa Landau, Carlos Leon, Christine Marick, Scott Minikus, Jordan Nefulda, Andrew Nguyen, Jamie Valencia, Chad Wanke, Erik Weigand, Rose Espinoza (Alternate), Dan Ferons (Alternate), Gene Hernandez (Alternate), Kelly McBride (Alternate), Art Perry (Alternate), Cindy Tran (Alternate), Kathleen Treseder (Alternate) and John Warren (Alternate) NOES:None ABSENT:Glenn Grandis ABSTENTIONS:None 13.ADOPTION OF THE 2025 ORANGE COUNTY WATER AND WASTEWATER MULTI-JURISDICTIONAL HAZARD MITIGATION PLAN 2025-4390 Originator: Laura Maravilla MOVED, SECONDED, AND DULY CARRIED TO: Adopt Resolution No. OC SAN 25-05 entitled: “A Resolution of the Board of Directors of the Orange County Sanitation District Adopting the 2025 Orange County Water and Wastewater Multi-Jurisdictional Hazard Mitigation Plan”. Page 8 of 19 BOARD OF DIRECTORS Minutes July 23, 2025 AYES:Joyce Ahn, Debbie Baker, Pat Burns, Doug Chaffee, Jon Dumitru, Ryan Gallagher, Johnathan Ryan Hernandez, Lisa Landau, Carlos Leon, Christine Marick, Scott Minikus, Jordan Nefulda, Andrew Nguyen, Jamie Valencia, Chad Wanke, Erik Weigand, Rose Espinoza (Alternate), Dan Ferons (Alternate), Gene Hernandez (Alternate), Kelly McBride (Alternate), Art Perry (Alternate), Cindy Tran (Alternate), Kathleen Treseder (Alternate) and John Warren (Alternate) NOES:None ABSENT:Glenn Grandis ABSTENTIONS:None 14.RENEWAL OF NUTANIX SOFTWARE LICENSE AGREEMENT 2025-4391 Originator: Wally Ritchie MOVED, SECONDED, AND DULY CARRIED TO: A. Approve a Purchase Order Contract to ePlus Technology Inc., an authorized Carahsoft Technology, Corp. reseller, for the purchase of the Nutanix Software License Agreement Renewal for a one (1) year term using the NASPO ValuePoint Master Agreement No. AR2472, California Contract # 7-17-70-40-05, for a total amount not to exceed $306,004, plus applicable sales tax; and B. Approve a contingency in the amount of $30,600 (10%). AYES:Joyce Ahn, Debbie Baker, Pat Burns, Doug Chaffee, Jon Dumitru, Ryan Gallagher, Johnathan Ryan Hernandez, Lisa Landau, Carlos Leon, Christine Marick, Scott Minikus, Jordan Nefulda, Andrew Nguyen, Jamie Valencia, Chad Wanke, Erik Weigand, Rose Espinoza (Alternate), Dan Ferons (Alternate), Gene Hernandez (Alternate), Kelly McBride (Alternate), Art Perry (Alternate), Cindy Tran (Alternate), Kathleen Treseder (Alternate) and John Warren (Alternate) NOES:None ABSENT:Glenn Grandis ABSTENTIONS:None 15.RENEWAL OF 11:11 SYSTEMS DISASTER RECOVERY AS A SERVICE AND CLOUD OBJECT STORAGE CONTRACT 2025-4392 Originator: Wally Ritchie MOVED, SECONDED, AND DULY CARRIED TO: Page 9 of 19 BOARD OF DIRECTORS Minutes July 23, 2025 A. Approve a Purchase Order Contract to Nth Generation for the purchase of 11:11 Systems Disaster Recovery as a Service ($415,942.56) and Cloud Object Storage ($182,554.85) for a three (3) year term using the NASPO ValuePoint Master Agreement No. 7-17-70-40-05, for a total amount not to exceed $598,497.41, plus applicable sales tax; and B. Approve a contingency in the amount of $59,849.74 (10%). AYES:Joyce Ahn, Debbie Baker, Pat Burns, Doug Chaffee, Jon Dumitru, Ryan Gallagher, Johnathan Ryan Hernandez, Lisa Landau, Carlos Leon, Christine Marick, Scott Minikus, Jordan Nefulda, Andrew Nguyen, Jamie Valencia, Chad Wanke, Erik Weigand, Rose Espinoza (Alternate), Dan Ferons (Alternate), Gene Hernandez (Alternate), Kelly McBride (Alternate), Art Perry (Alternate), Cindy Tran (Alternate), Kathleen Treseder (Alternate) and John Warren (Alternate) NOES:None ABSENT:Glenn Grandis ABSTENTIONS:None 16.SERVICENOW SOFTWARE LICENSE AGREEMENT RENEWAL 2025-4393 Originator: Wally Ritchie MOVED, SECONDED, AND DULY CARRIED TO: A. Approve a Purchase Order for a one-year contract with Carahsoft Technology, Corp. for a software license agreement with ServiceNow, utilizing the NASPO ValuePoint Master Agreement No. AR2472, California Contract # 7-17-70-40-05 for a total amount not to exceed $296,904; and B. Approve a contingency of $29,690 (10%). AYES:Joyce Ahn, Debbie Baker, Pat Burns, Doug Chaffee, Jon Dumitru, Ryan Gallagher, Johnathan Ryan Hernandez, Lisa Landau, Carlos Leon, Christine Marick, Scott Minikus, Jordan Nefulda, Andrew Nguyen, Jamie Valencia, Chad Wanke, Erik Weigand, Rose Espinoza (Alternate), Dan Ferons (Alternate), Gene Hernandez (Alternate), Kelly McBride (Alternate), Art Perry (Alternate), Cindy Tran (Alternate), Kathleen Treseder (Alternate) and John Warren (Alternate) NOES:None ABSENT:Glenn Grandis ABSTENTIONS:None Page 10 of 19 BOARD OF DIRECTORS Minutes July 23, 2025 17.LEGISLATIVE AFFAIRS UPDATE FOR THE MONTH OF JUNE 2025 2025-4394 Originator: Jennifer Cabral MOVED, SECONDED, AND DULY CARRIED TO: Receive and file the Legislative Affairs Update for the month of June 2025. AYES:Joyce Ahn, Debbie Baker, Pat Burns, Doug Chaffee, Jon Dumitru, Ryan Gallagher, Johnathan Ryan Hernandez, Lisa Landau, Carlos Leon, Christine Marick, Scott Minikus, Jordan Nefulda, Andrew Nguyen, Jamie Valencia, Chad Wanke, Erik Weigand, Rose Espinoza (Alternate), Dan Ferons (Alternate), Gene Hernandez (Alternate), Kelly McBride (Alternate), Art Perry (Alternate), Cindy Tran (Alternate), Kathleen Treseder (Alternate) and John Warren (Alternate) NOES:None ABSENT:Glenn Grandis ABSTENTIONS:None 18.YEAR-END UPDATE TO THE PUBLIC AFFAIRS STRATEGIC PLAN FOR FISCAL YEARS 2024-2026 2025-4395 Originator: Jennifer Cabral MOVED, SECONDED, AND DULY CARRIED TO: Receive and file the Fiscal Year 2024-2025 Year-End Update to the Public Affairs Strategic Plan (FY 2024-2026). AYES:Joyce Ahn, Debbie Baker, Pat Burns, Doug Chaffee, Jon Dumitru, Ryan Gallagher, Johnathan Ryan Hernandez, Lisa Landau, Carlos Leon, Christine Marick, Scott Minikus, Jordan Nefulda, Andrew Nguyen, Jamie Valencia, Chad Wanke, Erik Weigand, Rose Espinoza (Alternate), Dan Ferons (Alternate), Gene Hernandez (Alternate), Kelly McBride (Alternate), Art Perry (Alternate), Cindy Tran (Alternate), Kathleen Treseder (Alternate) and John Warren (Alternate) NOES:None ABSENT:Glenn Grandis ABSTENTIONS:None 19.2026 BENEFITS INSURANCE RENEWAL 2025-4396 Originator: Laura Maravilla MOVED, SECONDED, AND DULY CARRIED TO: Page 11 of 19 BOARD OF DIRECTORS Minutes July 23, 2025 A. Approve the Orange County Sanitation District 2026 Benefits Insurance Renewal with the carriers listed below for an overall not-to-exceed amount of $18,101,586, as specified below: 1. Benefit coordinators Company (BCC) (medical, dental, vision plans, and Employee Assistance Program [EAP]) - Not to Exceed $16,608,082; 2. Lincoln Financial (basic life, short- and long-term disability) - Not to Exceed $540,038; 3. Lincoln Financial (EMT & Manager disability) - Not to Exceed $40,000; 4. HealthEquity (Health Savings Accounts [HSA]) - Not to Exceed $51,263; 5. Voya (Health Reimbursement Arrangement [HRA]) - Not to Exceed $207,900; 6. WEX (Flexible Spending Accounts [FSA]) - Not to Exceed $10,015; 7. BCC (retiree-paid health premiums, recouped from retirees through monthly payments) - Not to Exceed $644,288; 8. Approve a contingency of $905,079 (5%); and B. Authorize the General Manager to revise the carriers within the not-to-exceed amounts listed above for operational efficiency and/or to better meet the needs of the Orange County Sanitation District and participants. AYES:Joyce Ahn, Debbie Baker, Pat Burns, Doug Chaffee, Jon Dumitru, Ryan Gallagher, Johnathan Ryan Hernandez, Lisa Landau, Carlos Leon, Christine Marick, Scott Minikus, Jordan Nefulda, Andrew Nguyen, Jamie Valencia, Chad Wanke, Erik Weigand, Rose Espinoza (Alternate), Dan Ferons (Alternate), Gene Hernandez (Alternate), Kelly McBride (Alternate), Art Perry (Alternate), Cindy Tran (Alternate), Kathleen Treseder (Alternate) and John Warren (Alternate) NOES:None ABSENT:Glenn Grandis ABSTENTIONS:None 20.WASTEWATER REFUNDING REVENUE OBLIGATIONS, SERIES 2025A 2025-4397 Originator: Wally Ritchie MOVED, SECONDED, AND DULY CARRIED TO: Page 12 of 19 BOARD OF DIRECTORS Minutes July 23, 2025 Authorize the General Manager to issue new fixed rate Certificates of Participation, to be referred to as Wastewater Refunding Revenue Obligations, in an amount sufficient to refund up to $109,935,000 of Wastewater Refunding Revenue Obligations, Series 2016A. AYES:Joyce Ahn, Debbie Baker, Pat Burns, Doug Chaffee, Jon Dumitru, Ryan Gallagher, Johnathan Ryan Hernandez, Lisa Landau, Carlos Leon, Christine Marick, Scott Minikus, Jordan Nefulda, Andrew Nguyen, Jamie Valencia, Chad Wanke, Erik Weigand, Rose Espinoza (Alternate), Dan Ferons (Alternate), Gene Hernandez (Alternate), Kelly McBride (Alternate), Art Perry (Alternate), Cindy Tran (Alternate), Kathleen Treseder (Alternate) and John Warren (Alternate) NOES:None ABSENT:Glenn Grandis ABSTENTIONS:None STEERING COMMITTEE: 21.ACQUISITION OF RIGHTS-OF-WAY AND EASEMENTS 2025-4417 Originator: Lorenzo Tyner MOVED, SECONDED, AND DULY CARRIED TO: Adopt Resolution No. OC SAN 25-09 entitled, “A Resolution of the Board of Directors of Orange County Sanitation District Authorizing the General Manager to Acquire Project-Related Permanent Easements, Rights-of-Way, and Other Interests in Real Property of $150,000 or Less and to Acquire Temporary Construction Easements of Less than Five Years for Projects Approved by the Board of Directors; and Repealing Resolution No. OCSD 98-44.” AYES:Joyce Ahn, Debbie Baker, Pat Burns, Doug Chaffee, Jon Dumitru, Ryan Gallagher, Johnathan Ryan Hernandez, Lisa Landau, Carlos Leon, Christine Marick, Scott Minikus, Jordan Nefulda, Andrew Nguyen, Jamie Valencia, Chad Wanke, Erik Weigand, Rose Espinoza (Alternate), Dan Ferons (Alternate), Gene Hernandez (Alternate), Kelly McBride (Alternate), Art Perry (Alternate), Cindy Tran (Alternate), Kathleen Treseder (Alternate) and John Warren (Alternate) NOES:None ABSENT:Glenn Grandis ABSTENTIONS:None Page 13 of 19 BOARD OF DIRECTORS Minutes July 23, 2025 NON-CONSENT: 22.SUCCESSOR MEMORANDA OF UNDERSTANDING FOR THE ORANGE COUNTY EMPLOYEES ASSOCIATION 2025-4419 Originator: Laura Maravilla Special Legal Counsel Laura Drottz Kalty provided background information on the item. MOVED, SECONDED, AND DULY CARRIED TO: A. Adopt Resolution No. OC SAN 25-06, entitled, “A Resolution of the Board of Directors of the Orange County Sanitation District approving the Memoranda of Understanding (MOUs) between the Orange County Sanitation District and the Orange County Employees Association (OCEA), for Fiscal Years 2025/2026, 2026/2027 & 2027/2028”; and B. Direct staff to finalize and sign the Memoranda of Understanding (MOUs) between Orange County Sanitation District and the three (3) OCEA bargaining units. AYES:Joyce Ahn, Debbie Baker, Pat Burns, Doug Chaffee, Jon Dumitru, Ryan Gallagher, Johnathan Ryan Hernandez, Lisa Landau, Carlos Leon, Christine Marick, Scott Minikus, Jordan Nefulda, Andrew Nguyen, Jamie Valencia, Chad Wanke, Erik Weigand, Rose Espinoza (Alternate), Dan Ferons (Alternate), Gene Hernandez (Alternate), Kelly McBride (Alternate), Art Perry (Alternate), Cindy Tran (Alternate), Kathleen Treseder (Alternate) and John Warren (Alternate) NOES:None ABSENT:Glenn Grandis ABSTENTIONS:None 23.SUCCESSOR MEMORANDUM OF UNDERSTANDING FOR THE INTERNATIONAL UNION OF OPERATING ENGINEERS - LOCAL 501 2025-4420 Originator: Laura Maravilla Special Legal Counsel Laura Drottz Kalty provided background information on the item. MOVED, SECONDED, AND DULY CARRIED TO: Page 14 of 19 BOARD OF DIRECTORS Minutes July 23, 2025 A. Adopt Resolution No. OC SAN 25-07, entitled “A Resolution of the Board of Directors of the Orange County Sanitation District approving the Memorandum of Understanding (MOU) between the Orange County Sanitation District and the International Union of Operating Engineers Local 501, for Fiscal Years 2025/2026, 2026/2027 & 2027/2028”; and B. Direct staff to finalize and sign the Memorandum of Understanding (MOU) between Orange County Sanitation District and the International Union of Operating Engineers Local 501 bargaining unit. AYES:Joyce Ahn, Debbie Baker, Pat Burns, Doug Chaffee, Jon Dumitru, Ryan Gallagher, Johnathan Ryan Hernandez, Lisa Landau, Carlos Leon, Christine Marick, Scott Minikus, Jordan Nefulda, Andrew Nguyen, Jamie Valencia, Chad Wanke, Erik Weigand, Rose Espinoza (Alternate), Dan Ferons (Alternate), Gene Hernandez (Alternate), Kelly McBride (Alternate), Art Perry (Alternate), Cindy Tran (Alternate), Kathleen Treseder (Alternate) and John Warren (Alternate) NOES:None ABSENT:Glenn Grandis ABSTENTIONS:None 24.SUCCESSOR MEMORANDA OF UNDERSTANDING FOR THE SUPERVISOR AND PROFESSIONAL MANAGEMENT GROUPS 2025-4418 Originator: Laura Maravilla Special Legal Counsel Laura Drottz Kalty provided background information on the item. MOVED, SECONDED, AND DULY CARRIED TO: A. Adopt Resolution No. OC SAN 25-08, entitled, “A Resolution of the Board of Directors of the Orange County Sanitation District approving the Memoranda of Understanding (MOUs) between the Orange County Sanitation District and the Supervisory and Professional Management Group, for Fiscal Years 2025/2026, 2026/2027 & 2027/2028”; and B. Direct staff to finalize and sign the Memoranda of Understanding (MOUs) between Orange County Sanitation District and the two (2) Supervisory and Professional Management Group bargaining units. Page 15 of 19 BOARD OF DIRECTORS Minutes July 23, 2025 AYES:Joyce Ahn, Debbie Baker, Pat Burns, Doug Chaffee, Jon Dumitru, Ryan Gallagher, Johnathan Ryan Hernandez, Lisa Landau, Carlos Leon, Christine Marick, Scott Minikus, Jordan Nefulda, Andrew Nguyen, Jamie Valencia, Chad Wanke, Erik Weigand, Rose Espinoza (Alternate), Dan Ferons (Alternate), Gene Hernandez (Alternate), Kelly McBride (Alternate), Art Perry (Alternate), Cindy Tran (Alternate), Kathleen Treseder (Alternate) and John Warren (Alternate) NOES:None ABSENT:Glenn Grandis ABSTENTIONS:None INFORMATION ITEMS: 25.RISK REGISTER PRESENTATION 2025-4333 Originator: Lorenzo Tyner Assistant General Manager Lorenzo Tyner provided a PowerPoint presentation regarding OC San's Risk Register. ITEM RECEIVED AS AN: Information Item. 26.STRATEGIC PLAN: CYBERSECURITY/ARTIFICIAL INTELLIGENCE (AI) POLICY 2025-4330 Originator: Rob Thompson Mr. Thompson provided a PowerPoint presentation regarding OC San's proposed Strategic Plan: Cybersecurity and Artificial Intelligence (AI) Policy. Information Item. AB 1234 DISCLOSURE REPORTS: Directors Pat Burns, Andrew Nguyen and Chair Ryan Gallagher provided a report on their recent attendance at various Regional Board Meetings. Directors Pat Burns, Johnathan Ryan Hernandez (Virtual), and Alternate Director Art Perry departed the meeting at approximately 6:51 p.m. CLOSED SESSION: CONVENED IN CLOSED SESSION PURSUANT TO GOVERNMENT CODE SECTIONS 54957.6, 54957(b)(1), 54956.9(d)(1) & 54957(a)(1). Page 16 of 19 BOARD OF DIRECTORS Minutes July 23, 2025 The Board convened in closed session at 6:51 p.m. Confidential minutes of the Closed Sessions have been prepared in accordance with the above Government Code Sections and are maintained by the Clerk of the Board in the Official Book of Confidential Minutes of Board and Committee Closed Session meetings. CS-1 CONFERENCE WITH LABOR NEGOTIATORS - GOVERNMENT CODE SECTION 54957.6 2025-4413 CONVENED IN CLOSED SESSION: Designated Representatives: General Manager Robert Thompson, Assistant General Manager Lorenzo Tyner, and Director of Human Resources Laura Maravilla. Unrepresented Employees: Confidential Group, Manager Group, and Executive Managers Group. CS-2 PUBLIC EMPLOYEE PERFORMANCE EVALUATION 54957(b)(1)2025-4414 Originator: Laura Maravilla CONVENED IN CLOSED SESSION: Public Employee Performance Evaluation Number of Employees: 1 ·General Manager CS-3 CONFERENCE WITH LABOR NEGOTIATORS - GOVERNMENT CODE SECTION 54957.6 2025-4416 CONVENED IN CLOSED SESSION: Designated Representatives: Board Chairman Ryan Gallagher Board Vice-Chairman Jon Dumitru Unrepresented Employee: General Manager CS-4 CONFERENCE WITH LEGAL COUNSEL RE EXISTING LITIGATION - GOVERNMENT CODE SECTION 54956.9(d)(1) 2025-4415 CONVENED IN CLOSED SESSION: Page 17 of 19 BOARD OF DIRECTORS Minutes July 23, 2025 Number of Cases: 3 A. Michael Oberly v. Orange County Sanitation District, Orange County Superior Court and Does 1-25, Orange County Superior Court Case No. 30-2025-01489491-CU-OE-CJC. B. Julie Ha v. Orange County Sanitation District, Orange County Superior Court Case No. 30-2025-01484899-CU-WT-CJC. C. Joe Lara v. Orange County Sanitation District, Orange County Superior Court Case No. 30-2025-01451615-CU-OE-CJC. CS-5 THREAT TO PUBLIC SERVICES OR FACILITIES - GOVERNMENT CODE SECTION 54957(a)(1) 2025-4195 CONVENED IN CLOSED SESSION: Conference with Information Technology Manager regarding cybersecurity. RECONVENED IN REGULAR SESSION. The Board reconvened in regular session at 7:24 p.m. CONSIDERATION OF ACTION, IF ANY, ON MATTERS CONSIDERED IN CLOSED SESSION: General Counsel Scott Smith stated there was no reportable action. OTHER BUSINESS AND COMMUNICATIONS OR SUPPLEMENTAL AGENDA ITEMS, IF ANY: None. BOARD OF DIRECTORS INITIATED ITEMS FOR A FUTURE MEETING: None. ADJOURNMENT: At 7:25 p.m., Chair Gallagher adjourned the meeting until the next Regular Meeting of the Board of Directors to be held on Wednesday, August 27, 2025 at 6:00 p.m. Page 18 of 19 BOARD OF DIRECTORS Minutes July 23, 2025 Submitted by: __________________ Kelly A. Lore, MMC Clerk of the Board Page 19 of 19 BOARD OF DIRECTORS Agenda Report Headquarters 18480 Bandilier Circle Fountain Valley, CA 92708 (714) 593-7433 File #:2024-3844 Agenda Date:8/27/2025 Agenda Item No:3. FROM:Robert Thompson, General Manager Originator: Wally Ritchie, Director of Finance SUBJECT: TREASURER’S REPORT FOR THE FOURTH QUARTER ENDED JUNE 30, 2025 GENERAL MANAGER'S RECOMMENDATION RECOMMENDATION: Receive and file the Orange County Sanitation District Fourth Quarter Treasurer’s Report for the period ended June 30, 2025. BACKGROUND The Fourth Quarter Treasurer’s Report contains financial portfolio performance with respect to the Orange County Sanitation District’s (OC San)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 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. RELEVANT STANDARDS ·Quarterly financial reporting ADDITIONAL INFORMATION The Fourth Quarter Treasurer’s Report 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. ATTACHMENT The following attachment(s)may be viewed on-line at the OC San website (www.ocsan.gov)with the complete agenda package: ·Fourth Quarter Treasurer’s Report for the period ended June 30, 2025 Orange County Sanitation District Printed on 8/21/2025Page 1 of 1 powered by Legistar™ July 31, 2025 STAFF REPORT Treasurer’s Report For the Period Ended June 30, 2025 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 June 30, 2025, are attached for reference. The Liquid Operating portfolio, with an average maturity of 51 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 June 30, 2025 Page 2 of 4 • Cost and market values of the portfolios: Liquid Operating Long-Term Cost $192.1 M $634.2 M Market Value $192.9 M $640.9 M • Modified duration of the portfolio compared to the Benchmark. Liquid Operating Long-Term OC San Policy < 0.50 < 5.00 Benchmark 0.16 2.51 Portfolio 0.09 2.63 • The percent of the Liquid Operating Monies portfolio maturing within 90 days: 87.9% • 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 – 0.00% Long-Term – Percent of portfolio – 0.90% Virginia Electric Power Co Corp Cost:$5,736,523.40 Maturity Date: 5/15/2027 Fitch: A Moody’s: A3 S&P: BBB+ Percent of portfolio: 0.90% • 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 $2,000,000 par value purchased 9/18/2008 Treasurer’s Report For the Period Ended June 30, 2025 Page 3 of 4 Portfolio Market Values 9/30/2024 12/31/2024 3/31/2025 6/30/2025 Long-Term ($) 685,660,419.69 632,610,453.12 646,622,785.81 640,894,886.64 Liquid Operating ($) 40,346,159.38 115,617,964.36 124,156,037.18 192,925,191.11 Total $726,006,579.07 $748,228,417.48 $770,778,822.99 $833,820,077.75 Orange County Sanitation District Account Balances as of June 30, 2025 Investment Accounts Balances June 30, 2025 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 $640,894,887 192,925,191 62,335,119 11,432,775 5,860,584 3,957,873 100,000 50,000 372,002 250,000 1,500 $918,179,931 $290,279 Treasurer’s Report For the Period Ended June 30, 2025 Page 4 of 4 ATTACHMENTS 1. Insight Quarterly Review 2. Insight Quarterly Investment Report 3. Insight - U.S. Bank Investment Detail 4. Callan Investment Measurement Service Quarterly Review Report 5. Investment Transactions and Balances in LAIF 6. BNY Mellon Owner Controlled Insurance Program Escrow Account 7. PARS Section 115 Trust Account Report 8. PARS - U.S. Bank Investment Detail Insight Quarterly Review JUNE 2025 ORANGE COUNTY SANITATION DISTRICT (OC SAN) QUARTERLY REVIEW Insight Investment - Confidential - External ECONOMIC REVIEW & OUTLOOK Policy changes and uncertainty were major features of the second quarter of 2025. Early in the quarter, President Trump announced wide-ranging trade tariffs to be imposed on imports to the US that has created significant economic uncertainty. There were a series of pullbacks, delays, reductions, threats to increase, and announcements of retaliatory measures in the intervening period. Many countries attempted to secure trade agreements that seek to reduce the effects of the tariff regimes going forward. Growth prospects deteriorated during the quarter, largely due to the uncertainty and prospects for potential trade wars. On the geopolitical front, tensions between Israel and Iran blew up into a short-lived military exchange, with the US joining in briefly to bomb specific targets of Iran’s nuclear capabilities. Moody’s credit rating agency downgraded the rating of US debt by one notch from Aaa to Aa1, while moving to a stable from a negative outlook. Of the major central banks, the European Central Bank (twice), Bank of England, Swiss National Bank, and Reserve Bank of Australia all reduced rates during the quarter. Alternatively, the Federal Reserve kept interest rates unchanged for a second successive quarter. Tariffs and whether they are imposed will continue to complicate the inflation picture, given the difficulty in knowing how and when inflation may show up in consumer prices. Despite the inflation risks, the Federal Reserve has maintained an easing bias as other economic data has deteriorated. The Institute of Supply Management (ISM) Manufacturing Purchasing Managers Index (PMI) remained below the expansion/contraction line of 50 during the quarter, reflecting the underwhelming business sentiment prevalent in the US manufacturing sector. Similarly, the labor market is likely weaker than the headline numbers suggest. Figure 1: Job gains are concentrated in a handful of industries1 1 Source: Bureau of Labor Statistics, as of July 3, 2025. Insight Investment - Confidential - External While the world awaits what will occur as President Trump’s 90-day delay in the imposition of tariffs ends, the outlook for growth remains soft. Another extension could help achieve more trade agreements being successfully reached but lowering tariffs to previous levels is likely to be a challenge. While recession is not the primary expectation, it remains a clear and non-negligible risk. We see the downward trend in growth continuing slowly and there is likely to be periodic volatility, which could be exacerbated if trade wars escalate. Figure 2: Surveys point to mounting price pressure (regional Fed prices-paid indexes)2 The uncertainty surrounding the outlook for the US economy remains relatively high. We believe that an economic slowdown should be expected following the more robust momentum seen in 2024 and early 2025. GDP is expected to expand by 1.4% in 2025 and just 1.2% in 2026. Although recession is not our central case, we see it as a clear risk and believe that the labor market is likely to ease as activity softens. There is elevated risk that an escalation in the trade tensions could undermine the downward trend in inflation. While the Federal Reserve has maintained interest rates unchanged since December 2024, we do expect further rate cuts over time, supported by the labor market being less tight. We see the terminal Fed funds rate at about 3.25% some time in 2026. The effects from the One Big Beautiful Bill could have on the deficit and debt level may influence the level of Treasury yields. Our expectation is that the yield curve will steepen modestly from current levels with shorter dated Treasury yields declining more than longer maturities. We see 10-year Treasuries at 3.85% in a year’s time. MARKET REVIEW & OUTLOOK Governments Government bond markets had a volatile quarter driven by a varying flow of news on inflation and growth outlook, partly based on speculation over which countries would be affected by US trade tariffs, to what degree, and when. The 10-year US Treasury yield was largely unchanged over the period, rising just 2 basis points (bp), to 4.23%. Short term yields invariably held below the 4% threshold, as did long bonds holding below 5%. Market pricing for the Federal Reserve predicts at least two eases by the end of the calendar year. 2 Source: Federal Reserve Bank of Dallas, Federal Reserve Bank of Kansas City, Federal Reserve Bank of New York, Federal Reserve Bank of Philadelphia, Insight Investment, as of June 30, 2025. Insight Investment - Confidential - External Figure 3: Comparative historical US Treasury yield curves3 Investment Grade Corporate Credit Credit markets were largely positive over the quarter, although spread levels were volatile, influenced by the announcement of, and subsequent uncertainty surrounding, US trade tariffs. High yield markets eventually outperformed investment grade. The option- adjusted spread (OAS) over governments for the Bloomberg US Corporate Index ended the quarter 11bp tighter at 83bp and generated excess returns of 104bp. When combined with the underlying US Treasuries, total returns were 182bp. The strongest performing sectors in excess return terms during the period were cable satellite, railroads, aerospace/defense, telecommunications, natural gas, and property and casualty insurance. Among the weakest sectors were media entertainment, home construction, airlines, and construction machinery. Structured credit / Secured finance The market experienced some volatility around the announcement of US tariffs, with spreads widening as risk assets sold off more broadly. Issuers stepped back from primary markets in reaction to the deterioration in market conditions and the lack of new supply helped stabilize markets. This pattern, where issuers step back as volatility rises and return as conditions improve, has become a structural feature of markets, helping to dampen spread volatility. The introduction of tariffs has delayed expectations for Fed rate cuts and with coupons linked to short-term rates this should result in higher levels of income than previously anticipated through the rest of 2025. We continue to be active in primary markets, capitalizing on new issue premium and more broadly seeking out relative value opportunities that offer attractive risk-reward profiles. 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 Our 2025 outlook calls for a softening US economy, but with growth not sufficiently weak for the economy to dip into recession. The heightened uncertainty surrounding the new Trump administration’s policies, some of which may be inflationary, is likely to keep pressure on longer maturity rates. Municipal yields should follow the trend in Treasuries with the prospect of further yield curve steepening. We continue to favor sectors like public power and water/sewer utilities for their stability, essential nature, and predictable cash flows. In contrast, we have moved underweight on lower-yield sectors such as state and local general obligation and pre-refunded bonds. Credit spreads remain tight but could compress further amid strong fundamentals and steady demand. We see continued value in airport and toll road credits due to travel recovery, while mass transit, healthcare, and higher education face structural challenges. Our preference is for large, diversified issuers with strong balance sheets, especially given rising climate-related risks. 3 Source: Bloomberg, as of June 30, 2025. 4.29 3.72 3.80 4.23 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 06/30/25 12/31/24 06/28/24 Insight Investment - Confidential - External LONG TERM PORTFOLIO The Long Term portfolio maintained the longer duration and maturity profile relative to the benchmark index. Liberation Day in April and fiscal concerns stemming from new tax policy increased market volatility, although short term Treasury yields remained reasonably anchored below 4-percent. The market continues to price an easing bias from the Federal Reserve that should keep this anchoring effect in place. This long duration preference relative to the passive benchmark is expected to contribute to excess returns as Treasury yields fall. Corporate and credit-related fixed income investments experienced similar volatility and has rebounded from the initial shocks. Insight took advantage of the market weakness by increasing the corporate allocation by 2% to 26%. We anticipate rebuilding further flexibility versus the 30% policy limit now that yield spreads versus Treasury securities have returned to the near-cycle lows. Yield enhancement through US agency mortgage and callable securities will likely remain a preferred alternative to credit at current valuations. In the coming months, OC San anticipates a significant capital expenditure in addition to the normal seasonal cash flows. Funding this expenditure will require some drawdown from the Long Term portfolio. $15 million was withdrawn in May and Insight anticipates another $30 - $35 million being needed from this portfolio by the end of the year. The Long Term portfolio is well-positioned to meet this anticipated need, with $240 million available in Treasury securities. Other investments may also be sold to raise liquidity depending on market conditions. Figure 4: Long Term Portfolio Performance (gross of investment management fees) Portfolio Benchmark 3 months 1.55 1.43 6 months 3.71 3.47 9 months 3.03 2.73 12 months 6.43 6.26 Since Inception (annualized)4 5.81 5.65 Figure 5: Long Term Portfolio Characteristics June 2025 March 2025 Final Maturity (years) 3.33 3.36 Effective Duration (years) 2.62 2.67 Purchase Yield 4.20 4.02 Market Yield 4.05 4.22 Credit Quality (S&P) AA AA- Total Market Value ($, excludes accrued interest) 641,123,163 646,897,704 4 Performance inception date: February 29, 2024. Insight Investment - Confidential - External LIQUID OPERATING PORTFOLIO OC San deposited $97 million in April and withdrew $30 million from the Liquid Operating portfolio in May. Given an anticipated capital expenditure, estimated monthly withdrawals will bring the portfolio to the $40 million minimum balance by the end of September. Portfolio strategy to meet these withdrawals has focused on cash-matching investments to the anticipated dates and maintaining contingent portfolio liquidity should the cash need be higher than the current estimate. The rapid pace of anticipated withdrawals has resulted in a shorter portfolio duration and maturity profile, although portfolio yield remains competitive versus the sweep fund and 3- month Treasury Bill. Of note, the passing of the fiscal and tax policy also included the raising of the debt ceiling needed to fund the additional budget deficit. Of concern to the market was the possibility that the debt ceiling might not be raised in time to avoid stress in Treasury Bills and the money market. With this risk having passed, we anticipate normal market functioning and ample liquidity being available for the Liquid Operating portfolio. Figure 6: Performance (gross of investment management fees) Portfolio Benchmark 3 months 1.08 1.04 6 months 2.21 2.07 9 months 3.43 3.27 12 months 4.86 4.68 Since Inception (annualized)5 5.05 4.87 Figure 7: Liquid Operating Portfolio Characteristics June 2025 March 2025 Final Maturity (years) 0.14 0.30 Effective Duration (years) 0.09 0.22 Purchase Yield 4.35 4.42 Market Yield 4.35 4.35 Credit Quality (S&P) AA AA- Total Market Value ($, excludes accrued interest) 192,922,467 124,156,016 5 Performance inception date: February 29, 2024. Insight Investment - Confidential - External BROAD MARKET DATA Source: Bloomberg. As of June 30, 2025. Bond yields (10-year) Quarterly change (bp) USA 4.23% +2 Germany 2.61% -13 Japan 1.43% -6 UK 4.49% -19 Bond spreads (over govts) Bloomberg US Corporate Index 83bp -11 Bloomberg Euro Corporate Index 92bp -6 Bloomberg Sterling Corporate Index 101bp -10 Bloomberg US Corporate High Yield Index 290bp -57 Bloomberg Pan-European High Yield Index 303bp -31 Equities Quarterly change (%) S&P 500 6,205 +10.6% Stoxx Europe 600 541.4 +1.4% FTSE 100 8,761 +2.1% Nikkei 225 40,487 +13.7% Hang Seng 24,072 +4.1% Currencies EUR/USD $1.179 +9.0% USD/JPY ¥144.0 -4.0% GBP/USD $1.373 +6.3% Commodities Oil price (Brent crude), $ per barrel 67.6 -9.5% Gold price, $ per oz. 3,303 +5.7% CRB Commodity Index 569 +5.4% Insight Investment 200 Park Avenue, 7th Floor New York, NY 10166 inquiries@insightinvestment.com company/insight-investment-north-america @InsightInvestUS www.insightinvestment.com Insight Investment - Confidential - External 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. Insight Investment - Confidential - External 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. © 2025 Insight Investment. All rights reserved. Insight Quarterly Investment Report 1MPR0214 Insight Investment -Confidential -External 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: Q2 2025 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. Mary Donovan, CFA Senior Portfolio Manager Mary joined Insight in 1991 (via predecessor company, Cutwater Asset Management). She is a senior portfolio manager and has worked in the financial services industry since 1989. Mary has responsibilities for the public sector group strategy. Additionally, she monitors the credit markets and economic conditions daily to develop active portfolio management strategies consistent with each client’s investment objectives and cash flow needs. Her areas of expertise include US Treasury and high-grade corporate securities and bond swap analytics. Mary is a past president of the Colorado Treasury Management Association. She speaks regularly in the US on public funds asset management and is active in many US public finance associations. She holds a BS degree from the University of Colorado and is a CFA charterholder. Jason Celente, CFA, CTP Senior Portfolio Manager Jason joined Insight in 1997 (via predecessor company, Cutwater Asset Management). He is a senior portfolio manager overseeing short duration and customized investment strategies for Insight’s public sector group. Prior to this, Jason was an investment accountant for Cutwater’s asset-liability portfolios and short-term mutual funds. He has a BS degree from Colgate University and an MBA from the Stern School of Business at New York University. Jason holds Series 7 and 63 licenses from the Financial Industry Regulatory Authority (FINRA), is a CFA charterholder and holds the Certified Treasury Professional (CTP) designation from the Association for Financial Professionals. Caroline Cahill Client Service Associate Caroline joined Insight in August 2024. Caroline is a member of the Client Service Team, working directly with the client directors and investment teams to support the delivery of exemplary service to a range of the firm’s North American clients consisting of pension funds, insurance companies, financial institutions and other corporate investors. Prior to joining Insight, Caroline was a Client Success Manager at Institutional Shareholder Services (ISS), where she assisted asset manager clients find prospects for their products in the SEC/FINRA database of registered reps and firms. Caroline graduated from Penn State University, with a BS in Supply Chain and Information Systems. Thierno Sylla, CFA Senior Relationship Manager Thierno is a Senior Relationship Manager responsible for client relationships across our institutional fixed income portfolios. He joined Insight in September 2024 from Pacific Investment Management Company (PIMCO) where he was a Vice President and Account Manager responsible for institutional servicing and business development for US public plans in the eastern United States. Previously, Thierno was an investment specialist at JP Morgan Asset Management, where he focused on servicing and marketing short-term fixed income strategies. Thierno has an MBA in General Management from MIT Sloan School of Management and a BA in Economics from Hamilton College. He is also a CFA charterholder. Insight Team 3MPR0214 Insight Investment - Confidential - External •Economic review and outlook •Portfolio update •Compliance summary •Important disclosures Agenda Economic review and outlook 5MPR0214 Insight Investment - Confidential - External -100 0 100 200 300 400 500 600 700 800 900 1,000 2021 2022 2023 2024 2025 Th o u s a n d s Government Health care & social assistance Other sectors Job gains by sector The labor market is likely weaker than the headline number would suggest Source: Bureau of Labor Statistics, July 3, 2025. Job gains are concentrated in a handful of industries 6MPR0214 Insight Investment - Confidential - External Tight conditions -7.0 -6.0 -5.0 -4.0 -3.0 -2.0 -1.0 0.0 1.0 2.0 3.0 4.0 5.0 2001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025 Job openings rate Quits rate Prime-age emp-pop rate Unemployment rate Vacancy-to-unemployment rate Loose conditions Source: Macrobond, Insight Investment, as of July 3, 2025. Indicators of labor market slack, z-score Labor market conditions have been steadily loosening The picture of the labor market so far this year appears to be one of a healthy but slowing economy 7MPR0214 Insight Investment - Confidential - External Source: Bureau of Labor Statistics, Insight Investment, as of June 12, 2025 -60 -40 -20 0 20 40 60 80 100 120 -15 -10 -5 0 5 10 15 20 25 30 2021 2022 2023 2024 2025 Goods Core goods Foods Energy (RHS) PPI goods, 3-month annualized growth rate (%) The effect from tariffs on inflation has been muted so far Falling energy and food prices mask increases in core goods prices 8MPR0214 Insight Investment - Confidential - External Source: Federal Reserve Bank of Dallas, Federal Reserve Bank of Kansas City, Federal Reserve Bank of New York, Federal Reserve Bank of Philadelphia, Insight Investment, as of June 30, 2025. -60 -40 -20 0 20 40 60 80 100 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Dallas Kansas New York Philadelphia Regional Fed prices-paid indexes But surveys and anecdotal data point to mounting price pressures The manufacturing sector braces for more tariff-related pain 9MPR0214 Insight Investment - Confidential - External Source: Federal Reserve Bank of Dallas, Insight Investment, as of April 28, 2025 0 10 20 30 40 50 60 70 80 Passing cost increases through to customers Absorbing cost increases internally Finding new domestic supplier(s) Moving up purchases ahead of tariff implementation Finding new foreign supplier(s) Scaling down operations or closing our business Relocating production or services to the U.S. Other None Manufacturing Services What actions, if any, are you taking (or planning to take) in response to higher tariffs (%) American consumers will inevitably bear the impact of tariffs Most firms expect to pass along at least some of the costs associated with tariffs to consumers 10MPR0214 Insight Investment - Confidential - External Source: Macrobond, Insight Investment, as of July 3, 2025. -40 -30 -20 -10 0 10 20 30 40 -40 -30 -20 -10 0 10 20 30 40 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Core capital goods orders, % year-over-year (LHS) Capex intentions from regional Fed manufacturing surveys, 1-m forward (RHS) Core capital goods orders and capex intentions Capex intentions remain muted Manufacturing capital spending plans in limbo amid policy uncertainty 11MPR0214 Insight Investment - Confidential - External Source: Oxford Economics/Cato Institute/CBO/Deportation Data Project/DHS/TRAC, as of June 26, 2025. US net immigration, millions annualized The post-COVID immigration surge is over -1.0 0.0 1.0 2.0 3.0 4.0 5.0 2017 2018 2019 2020 2021 2022 2023 2024 2025 Unauthorized Authorized The crackdown on immigration will likely serve as a negative supply shock to growth 12MPR0214 Insight Investment - Confidential - External Structure of Government/Personnel Immigration and Citizenship Government Grants, Loans and Assistance Civil Liberties and Civil Rights Transparency Diversity, Equity, Inclusion, and Accessibility Trade Law Removal of Information from Government Websites Actions Against FBI/DOJ Employees Environment Federalism Source: Just Security, Insight Investment, as of June 11, 2025. Court cases against the Trump administration Legal challenges to President Trump’s policy agenda The legal challenges against President Trump’s executive actions will be an additional source of policy uncertainty 78 2 2 2 3 7 16 19 33 42 66 13MPR0214 Insight Investment - Confidential - External Source: Insight, as of June 30, 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 has weathered the initial Trump 2.0 shock, defying recession fears so far, but the policy uncertainty will continue to cloud the outlook •Inflation remains moderate for now, but the tariff-induced flare up in prices is likely as businesses grapple with higher costs, which may ultimately pass through to consumers •We expect 125bps of rate cuts over the next twelve months as moderating growth prompts the Federal Reserve to calibrate policy Key takeaways 2024 2025 2026 1.4 1.2 2.7 3.3 4.0 2.8 3.0 4.5 2.9 Real GDP Consumer Price Index Policy rate (year-end) Portfolio update Orange County Liquid Operating 16MPR0214 Insight Investment - Confidential - External OC San Liquid Operating Portfolio Portfolio summary as of June 30, 2025 Source: Insight/Northern Trust. Inception date for performance purposes: February 29, 2024. Returns are gross of fees. Benchmark history provided at the end of this section Portfolio summary ● Value: $193,720,906 ● Benchmark: ICE BofA US 3-Month Treasury Bill Performance blank 3 months Year to date 1 year Since inception % % % % p.a. Portfolio (gross of fees) 1.08 2.21 4.86 5.05 Portfolio (net of fees) 1.07 2.20 4.83 5.02 Benchmark 1.04 2.07 4.68 4.87 Relative (gross of fees) 0.04 0.14 0.18 0.19 18MPR0214 Insight Investment - Confidential - External OC San Liquid Operating Portfolio Portfolio characteristics as of June 30, 2025 Approach used for credit rating: Average. All durations are effective duration. *Excludes Treasury. Summary Portfolio Benchmark Relative Yield to worst (%) 4.4 4.4 -0.1 Effective duration (years) 0.1 0.2 -0.1 Average coupon 1.9 0.0 1.9 Average life / Maturity 0.1 0.2 0.0 Average rating AA AA+ Top issuers* (%) Holding Federal Home Loan Banks 12.67 International Bank for Reconstruct & Development 7.50 Fannie Mae 4.90 Walmart Inc 4.89 Freddie Mac 4.22 Apple Inc 3.91 Federal Farm Credit Banks Funding Corp 2.75 MetLife Short Term Funding LLC 2.49 Walt Disney Co 2.21 Caterpillar Financial Services Corp 2.11 Issuer overweight* Contribution to duration (years) Portfolio Benchmark Relative Intrn Bank for Reconstr&Dev 0.01 - 0.01 Enterprise Products Op 0.01 - 0.01 Morgan Stanley 0.00 - 0.00 Freddie Mac 0.00 - 0.00 Microsoft Corp 0.00 - 0.00 MetLife Funding LLC 0.00 - 0.00 Apple Inc 0.00 - 0.00 Equitable Fin Global Fund 0.00 - 0.00 Oncor Electric Delivery Co 0.00 - 0.00 Walt Disney Co 0.00 - 0.00 Total 0.04 - 0.04 Rating (%) 10.8 75.1 14.1 100.0 0 50 100 150 AAA AA A BBB BIG Cash NR Portfolio Benchmark Duration (%) 15.6 19.5 31.0 26.6 3.7 3.7 100.0 0 40 80 120 1 day 2-7 days 8-30 days 31-90 91-180 181+Portfolio Benchmark 18MPR0214 Insight Investment - Confidential - External OC San Liquid Operating Portfolio Portfolio allocation as of June 30, 2025 Sector (%) Market Value Portfolio Benchmark Relative Agency 25.3 - 25.3 Industrial 17.2 - 17.2 Financial Institutions 11.2 - 11.2 Supranational 9.7 - 9.7 Cash and other 2.5 - 2.5 Utility 1.5 - 1.5 Treasury 32.7 100.0 -67.3 Total 100.0 100.0 19MPR0214 Insight Investment - Confidential - External OC San Liquid Operating Portfolio Contribution to duration as of June 30, 2025 All durations are effective duration. Sector Contribution to duration (years) Portfolio Benchmark Relative (CTD) Industrial 0.0 - 0.0 Financial Institutions 0.0 - 0.0 Agency 0.0 - 0.0 Supranational 0.0 - 0.0 Utility 0.0 - 0.0 Treasury 0.0 0.2 -0.1 Total 0.1 0.2 20MPR0214 Insight Investment - Confidential - External OC San Liquid Operating Portfolio Contribution to duration as of June 30, 2025 Approach used for credit rating: Average. All durations are effective duration. Ratings Contribution to duration (years) Rating Portfolio Benchmark Relative AAA 0.01 - 0.01 AA 0.05 0.16 -0.11 A 0.03 - 0.03 BBB - - - BIG - - - NR 0.00 - 0.00 Total 0.09 0.16 -0.07 0.0 0.0 0.0 0.0 0.2 0 1 AAA AA A BBB BIG NR Portfolio Benchmark Duration Contribution to duration (years) Portfolio Benchmark Relative 1 day - - - 2-7 days - - - 8-30 days 0.02 - 0.02 31-90 0.04 0.16 -0.12 91-180 0.01 - 0.01 181+ 0.02 - 0.02 Total 0.09 0.16 -0.07 0.0 0.0 0.0 0.0 0.2 0 1 1 day 2-7 days 8-30 days 31-90 91-180 181+ Portfolio Benchmark SECURITIES HELD As of June 30, 2025 OC SAN 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 39,855.31 39,855.31 0.00 0.00 0.0239,855.3139,855.31Cash and Cash Equivalents Total Cash and Cash Equivalents 39,855.31 39,855.31 39,855.31 0.00 0.020.0039,855.31 Commercial Paper 2546R2U79 0.000 07/07/2025 1,981,391.67 1,998,271.47 40.73 0.00 1.031,998,312.202,000,000.00CP WALT DISNEY CO/THE-ARRANGING BROKER 0% 07/07/2025 93114EU96 0.000 07/09/2025 499,100.00 499,493.35 (30.35) 0.00 0.26499,463.00500,000.00CP WALMART INC - WALMART 0% 09/07/2025 93114EUG0 0.000 07/16/2025 8,977,530.00 8,983,646.83 (902.53) 0.00 4.678,982,744.309,000,000.00CP WALMART INC - WALMART 0% 16/07/2025 03785DUX2 0.000 07/31/2025 7,560,150.67 7,572,784.25 (990.89) 0.00 3.937,571,793.367,600,000.00CP APPLE INC - APPLE 0% 31/07/2025 14912DUX5 0.000 07/31/2025 4,076,384.00 4,084,894.49 (219.47) 0.00 2.124,084,675.024,100,000.00CP CATERPILLAR FINANCIAL SERVICES CORP - CATMM 0% 31/07/2025 59166GUX6 0.000 07/31/2025 1,790,496.00 1,793,509.10 (220.58) 0.00 0.931,793,288.521,800,000.00CP METLIFE SHORT TERM FUNDING LLC - METMM 0% 31/07/2025 59157TW25 0.000 09/02/2025 3,003,242.00 3,026,591.13 122.12 0.00 1.563,026,713.253,050,000.00CP METLIFE SHORT TERM FUNDING LLC - METMM 0% 02/09/2025 2546R2W28 0.000 09/02/2025 2,281,379.58 2,282,758.61 (662.50) 0.00 1.192,282,096.112,300,000.00CP WALT DISNEY CO/THE-ARRANGING BROKER 0% 02/09/2025 Total Commercial Paper 30,169,673.92 30,241,949.23 30,239,085.76 (2,863.47) 15.700.0030,350,000.00 21MPR0214 SECURITIES HELD As of June 30, 2025 OC SAN 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 59217GEJ4 0.950 07/02/2025 3,694,146.00 3,719,263.76 362.75 17,473.67 1.923,719,626.513,720,000.00MET LIFE GLOB FUNDING I 0.95% 02JUL2025 144A 24422EXA2 4.840 07/03/2025 500,615.00 500,004.53 2.88 5,916.19 0.26500,007.41500,000.00JOHN DEERE CAPITAL CORP FRN 03JUL2025 46625HMN7 3.900 07/15/2025 1,752,800.77 1,756,473.75 (135.93) 31,406.38 0.911,756,337.821,757,000.00JPMORGAN CHASE & CO 3.9% 15JUL2025 CALLABLE 6174468C6 4.000 07/23/2025 1,261,708.26 1,265,466.66 (657.14) 22,084.67 0.661,264,809.521,266,000.00MORGAN STANLEY 4% 23JUL2025 06051GFS3 3.875 08/01/2025 1,989,540.00 1,998,637.84 281.66 32,076.39 1.041,998,919.502,000,000.00BANK OF AMERICA CORP 3.875% 01AUG2025 94988J6B8 5.550 08/01/2025 3,516,800.00 3,500,088.84 (88.84) 80,397.92 1.833,500,000.003,500,000.00WELLS FARGO BANK NA 5.55% 01AUG2025 (CALLABLE 03JUL25) 06428CAD6 5.089 08/18/2025 2,047,941.62 2,047,599.65 751.37 12,147.29 07/18/2025 1.072,048,351.022,047,000.00BANK OF AMERICA NA FRN 18AUG2025 (CALLABLE 18JUL25) 57629WDK3 4.150 08/26/2025 999,350.00 999,350.00 (65.57) 14,294.44 0.52999,284.431,000,000.00MASSMUTUAL GLOBAL FUNDIN 4.15% 26AUG2025 144A 74153WCM9 0.800 09/01/2025 992,680.00 993,701.43 (279.44) 2,644.44 0.52993,421.991,000,000.00PRICOA GLOBAL FUNDING 1 0.8% 01SEP2025 144A 24422EXC8 5.300 09/08/2025 385,558.25 385,503.22 67.63 6,348.22 0.20385,570.85385,000.00JOHN DEERE CAPITAL CORP 5.3% 08SEP2025 437076CR1 4.000 09/15/2025 1,995,040.00 1,998,393.24 (471.54) 23,333.33 08/15/2025 1.041,997,921.702,000,000.00HOME DEPOT INC 4% 15SEP2025 (CALLABLE 15AUG25) 17325FBA5 5.864 09/29/2025 2,120,076.00 2,104,391.32 (386.24) 31,128.07 08/29/2025 1.102,104,005.082,100,000.00CITIBANK NA 5.864% 29SEP2025 (CALLABLE 29AUG25) 22MPR0214 SECURITIES HELD As of June 30, 2025 OC SAN 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 68233JBZ6 0.550 10/01/2025 1,940,440.00 1,980,354.64 (126.30) 2,719.44 09/01/2025 1.011,980,228.342,000,000.00ONCOR ELECTRIC DELIVERY 0.55% 01OCT2025 (CALLABLE 01SEP25) 20030NCS8 3.950 10/15/2025 775,393.23 777,534.20 252.45 6,410.52 08/15/2025 0.40777,786.65779,000.00COMCAST CORP 3.95% 15OCT2025 (CALLABLE 15AUG25) 693304AT4 3.150 10/15/2025 956,797.50 961,513.65 (320.60) 6,332.81 07/15/2025 0.50961,193.05965,000.00PECO ENERGY CO 3.15% 15OCT2025 (CALLABLE 17JUL25) 594918BJ2 3.125 11/03/2025 2,077,635.00 2,090,954.32 (71.39) 10,390.63 08/03/2025 1.082,090,882.932,100,000.00MICROSOFT CORP 3.125% 03NOV2025 (CALLABLE 03AUG25) 45866FAD6 3.750 12/01/2025 501,364.00 503,287.99 206.45 1,525.52 09/01/2025 0.26503,494.44505,000.00INTERCONTINENTALEXCHANGE 3.75% 01DEC2025 (CALLABLE 01SEP25) 29449WAE7 1.000 01/09/2026 974,670.00 981,299.15 743.42 4,750.00 0.51982,042.571,000,000.00EQUITABLE FINANCIAL LIFE 1% 09JAN2026 144A 29379VCC5 5.050 01/10/2026 2,011,880.00 2,006,700.53 (2,199.53) 47,694.44 1.052,004,501.002,000,000.00ENTERPRISE PRODUCTS OPER 5.05% 10JAN2026 61746BDZ6 3.875 01/27/2026 1,491,645.00 1,495,073.22 (1,356.46) 24,703.13 0.781,493,716.761,500,000.00MORGAN STANLEY 3.875% 27JAN2026 Total Corporate Bonds 31,986,080.63 32,065,591.94 32,062,101.57 (3,490.37)16.65383,777.5032,124,000.00 Government Agencies 3130AWLH1 4.550 07/10/2025 765,421.36 765,023.50 9.13 7,701.64 0.40765,032.63765,000.00FEDERAL HOME LOAN BANK FRN 10JUL2025 3136G4YH0 0.700 07/14/2025 1,276,925.68 1,278,341.85 (12.39) 4,131.56 0.661,278,329.461,280,000.00FANNIE MAE 0.7% 14JUL2025 CALLABLE 3130AWNG1 4.550 07/14/2025 255,144.83 255,011.19 (1.57) 2,438.51 0.13255,009.62255,000.00FEDERAL HOME LOAN BANK FRN 14JUL2025 23MPR0214 SECURITIES HELD As of June 30, 2025 OC SAN 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 3134A4NF7 0.000 07/15/2025 4,949,750.00 4,992,095.51 (196.26) 0.00 2.584,991,899.255,000,000.00FREDDIE MAC 0% 15JUL2025 #6.25 4581X0DN5 0.625 07/15/2025 2,356,320.00 2,396,316.47 125.24 6,875.00 1.232,396,441.712,400,000.00INTER-AMERICAN DEVEL BK 0.625% 15JUL2025 76116EGG9 0.000 07/15/2025 1,386,384.30 1,414,657.39 16.00 0.00 0.721,414,673.391,417,000.00RESOLUTION FUNDING STRIP 0% 15JUL2025 45950KCT5 0.375 07/16/2025 704,641.57 717,737.81 44.21 1,228.29 0.37717,782.02719,000.00INTL FINANCE CORP 0.375% 16JUL2025 3130B4KJ9 4.335 07/21/2025 999,987.43 1,000,000.00 (10.28) 8,429.17 0.52999,989.721,000,000.00FEDERAL HOME LOAN BANK FRN 21JUL2025 #0002 3130AWNJ5 4.550 07/21/2025 460,194.30 460,036.10 1.02 3,997.91 0.24460,037.12460,000.00FEDERAL HOME LOAN BANK FRN 21JUL2025 3134GXE34 4.050 07/25/2025 999,000.00 999,772.32 (48.87) 17,437.50 0.52999,723.451,000,000.00FREDDIE MAC 4.05% 25JUL2025 CALLABLE 459058JE4 0.375 07/28/2025 9,793,996.50 9,969,073.02 531.18 15,833.33 5.109,969,604.2010,000,000.00INTL BK RECON & DEVELOP 0.375% 28JUL2025 3136G4D75 0.600 07/29/2025 2,217,072.33 2,218,607.79 (18.30) 5,599.58 1.152,218,589.492,225,000.00FANNIE MAE 0.6% 29JUL2025 CALLABLE #0000 3136G4B85 0.600 07/29/2025 199,287.60 199,425.58 (15.25) 503.33 0.10199,410.33200,000.00FANNIE MAE 0.6% 29JUL2025 CALLABLE 3130AM4P4 0.750 07/29/2025 498,294.50 498,624.77 (5.12) 635.42 0.26498,619.65500,000.00FEDERAL HOME LOAN BANK 0.75% 29JUL2025 CALLABLE 3133EPRW7 4.550 08/04/2025 124,113.55 124,034.91 (17.38) 876.30 0.06124,017.53124,000.00FEDERAL FARM CREDIT BANK FRN 04AUG2025 24MPR0214 SECURITIES HELD As of June 30, 2025 OC SAN 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 3130AWWV8 4.545 08/21/2025 490,281.11 490,109.20 (6.14) 2,427.00 0.26490,103.06490,000.00FEDERAL HOME LOAN BANK FRN 21AUG2025 3136G4W41 0.650 08/25/2025 437,127.95 442,525.64 (35.53) 1,004.34 0.23442,490.11445,000.00FANNIE MAE 0.65% 25AUG2025 CALLABLE 3133EL4W1 0.610 08/25/2025 640,342.24 648,336.40 (13.84) 1,380.97 0.33648,322.56652,000.00FEDERAL FARM CREDIT BANK 0.61% 25AUG2025 (CALLABLE 24JUN25) 45950VRG3 3.330 08/25/2025 1,107,909.72 1,113,159.90 (562.48) 12,892.19 0.581,112,597.421,115,000.00INTL FINANCE CORP 3.33% 25AUG2025 3134GXS47 4.200 08/28/2025 569,544.00 569,787.89 (6.78) 8,113.00 0.30569,781.11570,000.00FREDDIE MAC 4.2% 28AUG2025 CALLABLE 3130AK5E2 0.375 09/04/2025 242,750.00 248,246.24 (24.34) 302.08 0.13248,221.90250,000.00FEDERAL HOME LOAN BANK 0.375% 04SEP2025 459058JJ3 4.601 09/18/2025 3,787,895.38 3,783,594.41 (1,632.76) 5,800.08 1.973,781,961.653,782,000.00INTL BK RECON & DEVELOP FRN 18SEP2025 3134GWUG9 0.570 09/24/2025 1,583,568.00 1,585,744.38 (106.57) 2,432.00 0.821,585,637.811,600,000.00FREDDIE MAC 0.57% 24SEP2025 CALLABLE 3133EPWW1 4.995 09/25/2025 375,330.00 375,076.71 64.55 260.16 0.20375,141.26375,000.00FEDERAL FARM CREDIT BANK FRN 25SEP2025 #0000 3133ERZL8 4.445 10/30/2025 4,151,132.12 4,150,533.36 82.13 30,682.91 2.164,150,615.494,150,000.00FEDERAL FARM CREDIT BANK FRN 30OCT2025 45905U6L3 3.125 11/20/2025 742,575.00 746,440.66 (181.08) 2,604.17 0.39746,259.58750,000.00INTL BK RECON & DEVELOP 3.125% 20NOV2025 25MPR0214 SECURITIES HELD As of June 30, 2025 OC SAN 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 3130AXZ50 4.540 12/08/2025 100,106.48 100,074.69 (7.36) 272.39 0.05100,067.33100,000.00FEDERAL HOME LOAN BANK FRN 08DEC2025 #0000 Total Government Agencies 41,215,095.95 41,542,387.69 41,540,358.85 (2,028.84)21.45143,858.8341,624,000.00 Government Bonds 91282CHS3 4.365 07/31/2025 19,999,854.91 19,999,435.85 (1,163.05) 149,698.33 10.4119,998,272.8020,000,000.00US TREASURY FRN FRN 31JUL2025 91282CJD4 4.410 10/31/2025 2,001,530.15 2,000,767.82 (41.50) 15,122.33 1.042,000,726.322,000,000.00US TREASURY FRN FRN 31OCT2025 91282CGE5 3.875 01/15/2026 2,471,044.42 2,472,516.10 (851.56) 43,979.11 1.292,471,664.542,475,000.00USA TREASURY 3.875% 15JAN2026 Total Government Bonds 24,472,429.48 24,472,719.77 24,470,663.66 (2,056.11)12.74208,799.7724,475,000.00 Short Term Bills and Notes 313589HP1 0.000 07/01/2025 5,349,393.67 5,349,393.67 (13.36) 0.00 2.785,349,380.315,350,000.00FANNIE DISCOUNT NOTE 0% 01JUL2025 313385HZ2 0.000 07/11/2025 3,630,335.08 3,630,335.08 33.31 0.00 1.893,630,368.393,635,000.00FED HOME LN DISCOUNT NT 0% 11JUL2025 912797PG6 0.000 07/31/2025 5,632,651.10 5,680,218.15 (11.40) 0.00 2.935,680,206.755,700,000.00USA TREASURY BILL 0% 31JUL2025 912797MG9 0.000 08/07/2025 3,430,637.82 3,484,575.38 134.17 0.00 1.793,484,709.553,500,000.00USA TREASURY BILL 0% 07AUG2025 912797QJ9 0.000 08/12/2025 2,334,052.66 2,338,019.09 186.61 0.00 1.212,338,205.702,350,000.00USA TREASURY BILL 0% 12AUG2025 26MPR0214 SECURITIES HELD As of June 30, 2025 OC SAN 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 912797PN1 0.000 08/14/2025 3,427,679.89 3,481,635.36 (56.52) 0.00 1.783,481,578.843,500,000.00USA TREASURY BILL 0% 14AUG2025 912797QK6 0.000 08/19/2025 13,932,187.30 14,018,613.36 (1,377.40) 0.00 7.2514,017,235.9614,100,000.00USA TREASURY BILL 0% 19AUG2025 3130B53B2 4.400 08/20/2025 1,999,818.68 1,999,880.44 88.68 9,999.44 1.041,999,969.122,000,000.00FEDERAL HOME LOAN BANK FRN 20AUG2025 #0001 912797PP6 0.000 08/21/2025 6,900,568.31 6,958,759.63 (1,583.11) 0.00 3.596,957,176.527,000,000.00USA TREASURY BILL 0% 21AUG2025 3130B5CE6 4.400 08/25/2025 999,905.96 999,940.67 45.33 4,390.00 0.52999,986.001,000,000.00FEDERAL HOME LOAN BANK FRN 25AUG2025 #0001 912797QL4 0.000 08/26/2025 1,986,361.17 1,987,050.02 (490.02) 0.00 1.031,986,560.002,000,000.00USA TREASURY BILL 0% 26AUG2025 3130B5DP0 4.400 08/29/2025 1,999,805.64 1,999,880.35 91.79 7,804.44 1.041,999,972.142,000,000.00FEDERAL HOME LOAN BANK FRN 29AUG2025 #0001 3130B5DQ8 4.390 08/29/2025 999,900.67 999,938.60 47.48 3,832.50 0.52999,986.081,000,000.00FEDERAL HOME LOAN BANK FRN 29AUG2025 #0002 912797QM2 0.000 09/02/2025 644,155.02 645,160.59 (10.60) 0.00 0.34645,149.99650,000.00USA TREASURY BILL 0% 02SEP2025 3130B4VJ7 4.400 09/03/2025 999,949.90 999,975.52 14.36 3,238.06 0.52999,989.881,000,000.00FEDERAL HOME LOAN BANK FRN 03SEP2025 3130B5FP8 4.400 09/10/2025 999,635.30 999,800.87 188.15 2,438.89 0.52999,989.021,000,000.00FEDERAL HOME LOAN BANK FRN 10SEP2025 #0001 3130B5JP4 4.395 09/12/2025 999,854.30 999,915.21 75.05 2,192.50 0.52999,990.261,000,000.00FEDERAL HOME LOAN BANK FRN 12SEP2025 #0002 27MPR0214 SECURITIES HELD As of June 30, 2025 OC SAN 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 3130B5JQ2 4.385 09/15/2025 1,999,739.36 1,999,856.84 127.34 3,594.72 1.041,999,984.182,000,000.00FEDERAL HOME LOAN BANK FRN 15SEP2025 #0001 3130B5JR0 4.385 09/17/2025 1,999,710.70 1,999,838.80 144.36 3,119.72 1.041,999,983.162,000,000.00FEDERAL HOME LOAN BANK FRN 17SEP2025 3130B5C71 4.395 09/23/2025 999,867.00 999,929.56 70.29 846.53 0.52999,999.851,000,000.00FEDERAL HOME LOAN BANK FRN 23SEP2025 3130B5RZ3 4.385 11/03/2025 999,811.00 999,867.93 127.08 6,930.28 0.52999,995.011,000,000.00FEDERAL HOME LOAN BANK FRN 03NOV2025 #0000 3130B5Q68 4.385 11/04/2025 1,999,623.80 1,999,736.65 248.33 13,615.83 1.041,999,984.982,000,000.00FEDERAL HOME LOAN BANK FRN 04NOV2025 #0002 Total Short Term Bills and Notes 64,265,644.33 64,572,321.77 64,570,401.69 (1,920.08)33.4562,002.9164,785,000.00 Grand total 192,148,779.62 192,934,825.71 (12,358.87)193,397,855.31 100.00798,439.01192,922,466.84 28MPR0214 Orange County Long Term 30MPR0214 Insight Investment - Confidential - External OC San Long Term Portfolio Portfolio summary as of June 30, 2025 Source: Insight/Northern Trust. Inception date for performance purposes: February 29, 2024. Returns are gross of fees. Benchmark history provided at the end of this section Portfolio summary ●Value: $645,445,935 ●Benchmark: ICE BofA 1-5 Year AAA-A US Corporate & Government Index Performance blank 3 months Year to date 1 year Since inception %%%% p.a. Portfolio (gross of fees)1.55 3.71 6.43 5.81 Portfolio (net of fees) 1.54 3.70 6.40 5.78 Benchmark 1.43 3.47 6.26 5.65 Relative (gross of fees)0.11 0.24 0.17 0.16 31MPR0214 Insight Investment - Confidential - External OC San Long Term Portfolio Portfolio characteristics as of June 30, 2025 Approach used for credit rating: Average. All durations are effective duration. *Excludes Treasury. Summary Portfolio Benchmark Relative Yield to worst (%) 4.0 3.9 0.1 Effective duration (years) 2.6 2.5 0.1 Average coupon 3.4 3.2 0.2 Average life / Maturity 2.9 2.7 0.2 Average rating AA AA Top issuers* (%) Holding Freddie Mac 12.56 Federal Farm Credit Banks Funding Corp 2.40 Resolution Funding Corp Interest Strip 2.37 Bank of America Corp 2.20 JPMorgan Chase & Co 2.14 Morgan Stanley 2.07 American Express Credit Account Master Trust 1.98 State Street Bank & Trust Co 1.96 Verizon Master Trust 1.90 UnitedHealth Group Inc 1.41 Issuer overweight* Contribution to duration (years) Portfolio Benchmark Relative Freddie Mac 0.31 0.00 0.31 Resolution Fund Corp Strip 0.08 - 0.08 FFCB Funding Corporation 0.06 0.01 0.05 Citibank NA - CITIBANK 0.04 0.00 0.04 Consumers Energy Co 0.04 0.00 0.04 Amex Credit A/c Master Trust 0.04 - 0.04 ERAC USA Finance LLC 0.04 0.00 0.04 GMF Revolving Trust 0.04 - 0.04 Verizon Master Trust 0.03 - 0.03 PNC Fin Ser Group Inc 0.03 0.00 0.03 Total 0.71 0.02 0.69 Rating (%) 16.4 60.8 22.7 0.23.7 80.3 15.9 0 50 100 AAA AA A BBB BIG Cash NR Portfolio Benchmark Duration (%) 7.1 23.4 28.8 27.3 13.4 4.7 33.5 27.5 23.6 10.6 0 10 20 30 40 0-1 1-2 2-3 3-4 4-5 5+Portfolio Benchmark 32MPR0214 Insight Investment - Confidential - External OC San Long Term Portfolio Portfolio allocation as of June 30, 2025 Sector (%) Market Value Portfolio Benchmark Relative ABS 14.5 - 14.5 CMBS 9.1 - 9.1 Financial Institutions 18.0 10.6 7.4 Agency 10.1 3.8 6.3 Utility 2.7 0.6 2.1 State 0.3 - 0.3 Cash and other 0.2 - 0.2 CMO 0.2 - 0.2 Supranational 1.9 2.5 -0.6 Local Authority - 0.7 -0.7 Industrial 5.4 6.1 -0.8 Sovereign - 1.0 -1.0 Treasury 37.6 74.5 -36.8 Total 100.0 100.0 33MPR0214 Insight Investment - Confidential - External OC San Long Term Portfolio Contribution to duration as of June 30, 2025 All durations are effective duration. Sector Contribution to duration (years) Portfolio Benchmark Relative (CTD) CMBS 0.3 - 0.3 ABS 0.2 - 0.2 Agency 0.3 0.1 0.2 Financial Institutions 0.4 0.3 0.1 Utility 0.1 0.0 0.1 State 0.0 0.0 0.0 CMO 0.0 - 0.0 Local Authority - 0.0 0.0 Supranational 0.0 0.1 0.0 Sovereign - 0.0 0.0 Industrial 0.1 0.2 0.0 Treasury 1.3 1.9 -0.6 Total 2.6 2.5 34MPR0214 Insight Investment - Confidential - External OC San Long Term Portfolio Contribution to duration as of June 30, 2025 Approach used for credit rating: Average. All durations are effective duration. Ratings Contribution to duration (years) Rating Portfolio Benchmark Relative AAA 0.28 0.10 0.18 AA 1.85 1.99 -0.15 A 0.51 0.41 0.09 BBB - - - BIG - - - NR - - - Total 2.63 2.51 0.12 0.3 1.8 0.5 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 0.05 0.04 0.01 1-2 0.37 0.50 -0.14 2-3 0.72 0.68 0.03 3-4 0.93 0.83 0.10 4-5 0.57 0.45 0.12 5+ - - - Total 2.63 2.51 0.12 0.1 0.4 0.7 0.9 0.6 0.0 0.5 0.7 0.8 0.4 0 1 0-1 1-2 2-3 3-4 4-5 5+ Portfolio Benchmark SECURITIES HELD As of June 30, 2025 OC SAN 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 240,370.58 240,399.29 (479.46) 188.32 0.04239,919.83240,406.73HONDA AUTO RECEIVABLES OWNER T HAROT 2022-1 A3 47800AAC4 3.740 02/16/2027 922,604.73 922,659.31 (2,953.32) 1,437.86 0.15919,705.99922,692.84JOHN DEERE OWNER TRUST JDOT 2022-B A3 47800BAC2 5.090 06/15/2027 1,806,498.66 1,806,575.37 4,910.88 3,831.58 0.281,811,486.251,806,638.86JOHN DEERE OWNER TRUST JDOT 2022-C A3 02582JJV3 3.750 08/15/2027 1,934,062.50 1,969,025.94 28,993.06 3,125.00 0.311,998,019.002,000,000.00AMERICAN EXPRESS CREDIT ACCOUN AMXCA 2022-3 A 89239NAD7 4.750 02/22/2028 4,377,942.65 4,377,950.62 37,117.03 5,776.53 0.694,415,067.654,378,000.00TOYOTA LEASE OWNER TRUST TLOT 2025-A A3 05592XAD2 5.470 02/25/2028 1,064,481.90 1,064,562.22 6,435.36 808.85 0.171,070,997.581,064,670.56BMW VEHICLE OWNER TRUST BMWOT 2023-A A3 448984AD6 4.620 04/17/2028 5,003,906.25 5,003,481.43 19,886.57 9,625.00 0.795,023,368.005,000,000.00HYUNDAI AUTO LEASE SECURITIZAT HALST 2024-C A3 34528QHV9 4.920 05/15/2028 9,033,398.44 9,029,913.26 8,433.94 18,450.00 1.439,038,347.209,000,000.00FORD CREDIT FLOORPLAN MASTER O FORDF 2023-1 A1 345282AD9 4.940 06/15/2028 4,809,503.13 4,808,739.50 31,223.67 9,884.12 0.764,839,963.174,802,000.00FORD CREDIT AUTO LEASE TRUST FORDL 2025-A A3 14043KAK1 4.760 08/15/2028 5,252,690.60 5,251,464.61 25,705.33 10,392.67 0.835,277,169.945,240,000.00CAPITAL ONE PRIME AUTO RECEIVA COPAR 2023-1 A4 12674BAB1 4.300 08/15/2028 4,053,821.38 4,053,830.30 (2,142.09) 7,263.26 0.644,051,688.214,053,913.00CNH EQUIPMENT TRUST CNH 2025-A A2A 361886DK7 4.680 11/15/2028 7,712,108.20 7,711,912.61 30,417.73 15,034.50 1.227,742,330.347,710,000.00GENERAL MOTORS GFORT 2024-3A A1 35MPR0214 SECURITIES HELD As of June 30, 2025 OC SAN 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 161571HV9 4.600 01/16/2029 8,038,775.51 8,039,099.36 59,783.99 15,410.00 1.278,098,883.358,040,000.00CHASE ISSUANCE TRUST CHAIT 2024-A1 A 92348KBG7 4.490 01/22/2029 4,448,387.11 4,449,331.28 5,699.46 5,556.38 0.704,455,030.744,455,000.00VERIZON MASTER TRUST VZMT 2023-1 A 43816DAC9 4.330 05/15/2029 1,972,720.82 1,972,758.13 4,806.21 3,559.62 0.311,977,564.341,973,000.00HONDA AUTO RECEIVABLES OWNER T HAROT 2024-4 A3 92887TAC5 4.460 05/15/2029 1,699,796.00 1,699,811.04 11,123.87 3,159.17 0.271,710,934.911,700,000.00VOLVO FINANCIAL EQUIPMENT LLC VFET 2025-1A A3 47800DAD6 4.230 09/17/2029 3,045,808.40 3,045,823.52 7,698.88 5,368.58 0.483,053,522.403,046,000.00JOHN DEERE OWNER TRUST JDOT 2025-A A3 44935CAD3 4.320 10/15/2029 4,230,375.93 4,230,416.44 16,926.22 7,615.80 0.674,247,342.664,231,000.00HYUNDAI AUTO RECEIVABLES TRUST HART 2025-A A3 02582JKM1 4.560 12/15/2029 10,633,637.74 10,633,812.56 135,921.31 20,208.40 1.6810,769,733.8710,636,000.00AMERICAN EXPRESS CREDIT ACCOUN AMXCA 2025-1 A 58773DAD6 4.780 12/17/2029 4,758,987.55 4,759,068.97 63,805.39 9,480.33 0.754,822,874.364,760,000.00MERCEDES-BENZ AUTO RECEIVABLES MBART 2025-1 A3 92348KDY6 4.510 03/20/2030 7,730,667.57 7,730,688.93 34,245.52 9,685.23 1.227,764,934.457,731,000.00VERIZON MASTER TRUST VZMT 2025-3 A1A Total Asset Backed Securities 92,770,545.65 92,801,324.69 93,328,884.24 527,559.55 14.64165,861.2092,790,321.99 Cash and Cash Equivalents 0.000 1,027,113.94 1,027,113.94 0.00 0.00 0.161,027,113.941,027,113.94Cash and Cash Equivalents Total Cash and Cash Equivalents 1,027,113.94 1,027,113.94 1,027,113.94 0.00 0.160.001,027,113.94 36MPR0214 SECURITIES HELD As of June 30, 2025 OC SAN 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 1,503,234.60 (6,560.95) 6,912.50 10/18/2025 0.241,496,673.651,500,000.00BANK OF NY MELLON CORP 3.95% 18NOV2025 (CALLABLE 18OCT25) 91324PEC2 1.150 05/15/2026 3,904,703.05 3,981,061.28 (92,835.40) 5,750.00 04/15/2026 0.623,888,225.884,000,000.00UNITEDHEALTH GROUP INC 1.15% 15MAY2026 (CALLABLE 15APR26) 89236TJK2 1.125 06/18/2026 7,281,794.60 7,284,360.27 (214,007.70) 2,731.88 1.157,070,352.577,285,000.00TOYOTA MOTOR CREDIT CORP 1.125% 18JUN2026 58989V2D5 1.250 09/14/2026 3,741,554.60 3,744,135.18 (132,996.53) 13,783.68 0.593,611,138.653,745,000.00MET TOWER GLOBAL FUNDING 1.25% 14SEP2026 144A 857449AC6 4.594 11/25/2026 12,500,000.00 12,500,000.00 91,459.75 55,829.86 1.9712,591,459.7512,500,000.00STATE STREET BANK & TR 4.594% 25NOV2026 59217GER6 1.875 01/11/2027 5,913,251.20 5,917,863.43 (196,206.22) 52,108.33 0.935,721,657.215,920,000.00MET LIFE GLOB FUNDING I 1.875% 11JAN2027 144A 89236TJZ9 3.050 03/22/2027 1,945,900.00 1,979,398.07 (16,648.27) 16,605.56 0.311,962,749.802,000,000.00TOYOTA MOTOR CREDIT CORP 3.05% 22MAR2027 23338VAW6 4.250 05/14/2027 4,962,368.16 4,961,751.63 1,081.95 26,913.83 0.784,962,833.584,956,000.00DTE ELECTRIC CO 4.25% 14MAY2027 927804GH1 3.750 05/15/2027 5,736,523.40 5,735,450.05 (42,376.74) 26,882.81 04/15/2027 0.905,693,073.315,735,000.00VIRGINIA ELEC & POWER CO 3.75% 15MAY2027 (CALLABLE 15APR27) B 38151LAG5 5.414 05/21/2027 7,546,875.00 7,540,697.00 21,200.80 43,988.75 05/21/2026 1.197,561,897.807,500,000.00GOLDMAN SACHS BANK USA 5.414% 21MAY2027 (CALLABLE 21MAY26) 14913R3A3 3.600 08/12/2027 3,213,062.50 3,233,306.91 (15,424.58) 44,850.00 0.513,217,882.333,250,000.00CATERPILLAR FINL SERVICE 3.6% 12AUG2027 24422EWK1 4.150 09/15/2027 1,972,620.00 1,987,022.86 17,148.16 24,208.33 0.312,004,171.022,000,000.00JOHN DEERE CAPITAL CORP 4.15% 15SEP2027 37MPR0214 SECURITIES HELD As of June 30, 2025 OC SAN 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 00138CBD9 4.900 01/07/2028 5,091,000.00 5,091,000.00 76,503.27 118,493.03 0.805,167,503.275,091,000.00COREBRIDGE GLOB FUNDING 4.9% 07JAN2028 144A 06051GGF0 3.824 01/20/2028 5,907,613.65 6,069,765.37 150,547.00 106,647.11 01/20/2027 0.936,220,312.376,275,000.00BANK OF AMERICA CORP 3.824% 20JAN2028 (CALLABLE 20JAN27) 24422EWR6 4.750 01/20/2028 6,580,745.00 6,543,511.98 59,277.79 137,222.22 1.046,602,789.776,500,000.00JOHN DEERE CAPITAL CORP 4.75% 20JAN2028 91324PEP3 5.250 02/15/2028 5,114,225.00 5,064,077.38 68,048.02 98,437.50 01/15/2028 0.815,132,125.405,000,000.00UNITEDHEALTH GROUP INC 5.25% 15FEB2028 (CALLABLE 15JAN28) 61747YFP5 5.652 04/13/2028 9,753,225.60 9,751,177.63 215,291.38 117,867.75 04/13/2027 1.549,966,469.019,750,000.00MORGAN STANLEY 5.652% 13APR2028 (CALLABLE 13APR27) 95040QAD6 4.250 04/15/2028 5,068,692.72 5,068,680.65 186.73 44,810.94 01/15/2028 0.805,068,867.385,061,000.00WELLTOWER OP LLC 4.25% 15APR2028 (CALLABLE 15JAN28) 20030NCH2 3.550 05/01/2028 4,785,920.00 4,871,413.85 45,048.65 29,090.28 02/01/2028 0.764,916,462.505,000,000.00COMCAST CORP 3.55% 01MAY2028 (CALLABLE 01FEB28) 06406RBG1 3.992 06/13/2028 2,403,150.00 2,439,074.37 52,069.21 4,712.78 06/13/2027 0.382,491,143.582,500,000.00BANK OF NY MELLON CORP 3.992% 13JUN2028 (CALLABLE 13JUN27) 02665WEM9 5.125 07/07/2028 988,260.00 992,298.74 27,994.08 24,628.47 0.161,020,292.821,000,000.00AMERICAN HONDA FINANCE 5.125% 07JUL2028 756109BS2 4.700 12/15/2028 5,462,290.00 5,472,562.06 105,096.62 10,770.83 11/15/2028 0.865,577,658.685,500,000.00REALTY INCOME CORP 4.7% 15DEC2028 (CALLABLE 15NOV28) 46647PAM8 3.509 01/23/2029 6,868,505.00 6,963,047.57 138,638.02 110,947.76 01/23/2028 1.087,101,685.597,250,000.00JPMORGAN CHASE & CO 3.509% 23JAN2029 (CALLABLE 23JAN28) 06051GMK2 4.979 01/24/2029 3,250,000.00 3,250,000.00 46,357.64 70,120.92 01/24/2028 0.513,296,357.643,250,000.00BANK OF AMERICA CORP 4.979% 24JAN2029 (CALLABLE 24JAN28) 38MPR0214 SECURITIES HELD As of June 30, 2025 OC SAN 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 46647PEU6 4.915 01/24/2029 6,375,604.20 6,375,350.74 85,256.33 135,776.88 07/24/2025 1.016,460,607.076,375,000.00JPMORGAN CHASE & CO 4.915% 24JAN2029 (CALLABLE 24JAN28) 61744YAP3 3.772 01/24/2029 3,170,440.00 3,173,110.93 30,488.92 53,122.33 01/24/2028 0.503,203,599.853,250,000.00MORGAN STANLEY 3.772% 24JAN2029 (CALLABLE 24JAN28) 26884TAY8 5.000 02/15/2029 7,272,330.00 7,266,957.05 154,048.27 135,937.50 01/15/2029 1.157,421,005.327,250,000.00ERAC USA FINANCE LLC 5% 15FEB2029 (CALLABLE 15JAN29) 144A 06051GHG7 3.970 03/05/2029 4,305,375.00 4,350,413.49 99,801.35 57,068.75 03/05/2028 0.684,450,214.844,500,000.00BANK OF AMERICA CORP 3.97% 05MAR2029 (CALLABLE 05MAR28) 693475BR5 5.582 06/12/2029 8,198,160.00 8,178,903.03 106,068.33 22,328.00 06/12/2028 1.298,284,971.368,000,000.00PNC FINANCIAL SERVICES 5.582% 12JUN2029 (CALLABLE 12JUN28) 17325FBK3 4.838 08/06/2029 7,501,725.00 7,501,442.63 156,811.35 145,140.00 07/06/2029 1.187,658,253.987,500,000.00CITIBANK NA 4.838% 06AUG2029 (CALLABLE 06JUL29) 210518DX1 4.700 01/15/2030 6,427,980.00 6,433,729.85 161,497.69 140,020.83 11/15/2029 1.016,595,227.546,500,000.00CONSUMERS ENERGY CO 4.7% 15JAN2030 (CALLABLE 15NOV29) Total Corporate Bonds 164,781,258.68 165,224,798.60 166,417,663.52 1,192,864.92 26.001,883,709.41165,943,000.00 Government Agencies 880591EZ1 3.875 03/15/2028 6,848,198.00 6,829,731.06 (4,220.59) 76,910.68 1.086,825,510.476,805,000.00TENN VALLEY AUTHORITY 3.875% 15MAR2028 45950KDD9 4.500 07/13/2028 4,125,415.70 4,127,059.89 90,419.09 86,213.75 0.654,217,478.984,130,000.00INTL FINANCE CORP 4.5% 13JUL2028 76116EHL7 0.000 10/15/2028 6,377,175.00 6,558,464.52 38,720.28 0.00 1.016,597,184.807,500,000.00RESOLUTION FUNDING STRIP 0% 15OCT2028 76116EGP9 0.000 01/15/2029 8,052,300.00 8,479,374.66 212,061.04 0.00 1.278,691,435.7010,000,000.00RESOLUTION FUNDING STRIP 0% 15JAN2029 39MPR0214 SECURITIES HELD As of June 30, 2025 OC SAN 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 3133ER5D9 4.490 03/05/2029 13,043,789.50 13,034,608.20 10,242.58 186,101.15 03/05/2027 2.0613,044,850.7812,975,000.00FEDERAL FARM CREDIT BANK 4.49% 05MAR2029 (CALLABLE 05MAR27) 3133EMHZ8 1.125 06/01/2029 2,238,215.00 2,248,417.23 (10,599.20) 2,265.63 0.352,237,818.032,500,000.00FEDERAL FARM CREDIT BANK 1.125% 01JUN2029 (CALLABLE 11JUN25) 45906M5K3 4.750 07/30/2029 6,084,115.95 6,071,476.45 190.42 263,427.08 07/30/2026 0.966,071,666.876,050,000.00INTL BK RECON & DEVELOP 4.75% 30JUL2029 (CALLABLE 30JUL26) 45818WFV3 3.900 08/15/2029 1,497,877.50 1,498,168.26 11,388.50 21,937.50 0.241,509,556.761,500,000.00INTER-AMERICAN DEVEL BK 3.9% 15AUG2029 3134A3U53 0.000 09/15/2029 2,057,500.00 2,117,765.51 (15,043.81) 0.00 0.322,102,721.702,500,000.00FREDDIE MAC 0% 15SEP2029 3130AH6Y4 2.060 09/27/2029 1,189,630.00 1,204,455.03 (765.72) 6,918.17 09/27/2025 0.191,203,689.311,300,000.00FEDERAL HOME LOAN BANK 2.06% 27SEP2029 (CALLABLE 27SEP25) 3134HAPK3 4.030 10/10/2029 4,939,200.00 4,941,533.76 24,936.04 44,777.78 04/10/2026 0.784,966,469.805,000,000.00FREDDIE MAC 4.03% 10OCT2029 (CALLABLE 10APR26) 3134HAW33 4.750 12/18/2029 9,973,870.08 9,976,117.37 77,595.83 15,833.33 06/18/2026 1.5710,053,713.2010,000,000.00FREDDIE MAC 4.75% 18DEC2029 (CALLABLE 18JUN26) 3134HA7E7 5.125 02/13/2030 5,019,150.00 5,009,570.19 (1,389.24) 97,517.36 11/13/2025 0.795,008,180.955,000,000.00FREDDIE MAC 5.125% 13FEB2030 (CALLABLE 13NOV25) Total Government Agencies 71,446,436.73 72,096,742.13 72,530,277.35 433,535.22 11.27801,902.4375,260,000.00 Government Bonds 91282CDG3 1.125 10/31/2026 0.00 0.00 0.00 (290.42) 0.000.000.00USA TREASURY 1.125% 31OCT2026 912828Z78 1.500 01/31/2027 6,761,776.81 6,919,646.72 (167,654.55) 43,508.29 1.076,751,992.177,000,000.00USA TREASURY 1.5% 31JAN2027 40MPR0214 SECURITIES HELD As of June 30, 2025 OC SAN 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 16,765,334.48 (66,818.94) 77,493.21 2.5916,698,515.5417,000,000.00USA TREASURY 2.75% 30APR2027 91282CEW7 3.250 06/30/2027 3,021,259.53 3,009,138.06 (35,973.99) 0.00 0.482,973,164.073,000,000.00USA TREASURY 3.25% 30JUN2027 91282CBJ9 0.750 01/31/2028 18,622,664.06 18,751,957.81 (10,934.32) 62,776.24 2.9418,741,023.4920,200,000.00USA TREASURY 0.75% 31JAN2028 91282CCR0 1.000 07/31/2028 15,215,664.06 15,482,757.31 189,781.71 70,441.99 2.4015,672,539.0217,000,000.00USA TREASURY 1% 31JUL2028 91282CCY5 1.250 09/30/2028 6,989,914.30 7,033,793.49 43,950.63 23,775.62 1.107,077,744.127,650,000.00USA TREASURY 1.25% 30SEP2028 91282CJA0 4.625 09/30/2028 8,307,657.03 8,274,398.70 152,702.84 94,294.40 1.318,427,101.548,200,000.00USA TREASURY 4.625% 30SEP2028 91282CJN2 4.375 11/30/2028 17,832,089.84 17,736,037.69 128,317.74 62,756.15 2.8117,864,355.4317,500,000.00USA TREASURY 4.375% 30NOV2028 91282CJR3 3.750 12/31/2028 17,697,955.08 17,778,927.12 237,244.80 0.00 2.7918,016,171.9218,000,000.00USA TREASURY 3.75% 31DEC2028 91282CDW8 1.750 01/31/2029 7,326,798.83 7,556,949.60 243,776.96 60,549.03 1.167,800,726.568,350,000.00USA TREASURY 1.75% 31JAN2029 91282CKD2 4.250 02/28/2029 3,329,272.78 3,326,863.59 31,273.14 46,495.92 0.533,358,136.733,300,000.00USA TREASURY 4.25% 28FEB2029 91282CEE7 2.375 03/31/2029 11,737,304.69 11,849,501.85 60,654.40 73,813.18 1.8511,910,156.2512,500,000.00USA TREASURY 2.375% 31MAR2029 912833XP0 0.000 08/15/2029 19,002,612.50 19,549,535.56 318,841.22 0.00 3.0019,868,376.7823,250,000.00USA TREASURY COUPON STRIP 0% 15AUG2029 41MPR0214 SECURITIES HELD As of June 30, 2025 OC SAN 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 91282CFJ5 3.125 08/31/2029 26,520,807.77 26,588,737.02 222,999.45 284,642.49 4.1826,811,736.4727,475,000.00USA TREASURY 3.125% 31AUG2029 912833XT2 0.000 11/15/2029 18,415,180.00 18,822,943.83 622,585.57 0.00 2.9119,445,529.4023,000,000.00USA TREASURY COUPON STRIP 0% 15NOV2029 91282CGJ4 3.500 01/31/2030 5,375,006.46 5,376,719.99 (14,870.35) 78,677.49 0.855,361,849.645,425,000.00USA TREASURY 3.5% 31JAN2030 912828Z94 1.500 02/15/2030 17,929,281.26 18,027,193.48 71,244.12 111,878.45 2.8318,098,437.6020,000,000.00USA TREASURY 1.5% 15FEB2030 91282CGS4 3.625 03/31/2030 16,812,252.27 16,814,213.45 64,263.07 154,072.41 2.6516,878,476.5217,000,000.00USA TREASURY 3.625% 31MAR2030 Total Government Bonds 237,314,645.71 239,664,649.75 241,756,033.25 2,091,383.50 37.441,244,884.45255,850,000.00 Government Mortgage Backed Securities 36225CAZ9 4.750 12/20/2026 1,489.05 1,465.56 8.81 5.61 0.001,474.371,464.80GOVERNMENT NATIONAL MORTGAGE A G2 80023 36225CC20 5.000 06/20/2027 2,114.32 2,070.74 (8.77) 8.33 0.002,061.972,069.07GOVERNMENT NATIONAL MORTGAGE A G2 80088 31348SWZ3 6.262 01/01/2028 220.80 226.03 0.08 2.43 0.00226.11226.31FREDDIE MAC FH 786064 31371NUC7 4.500 04/01/2028 1,815.77 1,725.37 (15.77) 6.22 0.001,709.601,716.90FANNIE MAE FN 257179 31417YAY3 4.500 04/01/2029 2,907.34 2,766.88 (13.70) 9.97 0.002,753.182,749.02FANNIE MAE FN MA0022 3136AJZP4 1.500 04/25/2029 700,024.54 730,097.89 8,573.36 925.92 0.11738,671.25766,276.20FANNIE MAE FNR 2014-15 JA 42MPR0214 SECURITIES HELD As of June 30, 2025 OC SAN 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 3138EG6F6 4.500 06/01/2029 1,770.66 1,685.38 (13.64) 6.07 0.001,671.741,674.23FANNIE MAE FN AL0869 31358DDG6 0.000 01/15/2030 4,144,100.00 4,169,549.72 14,944.68 0.00 0.654,184,494.405,000,000.00FANNIE MAE 0% 15JAN2030 36225CNM4 4.875 04/20/2030 1,499.45 1,512.09 3.60 5.94 0.001,515.691,513.16GOVERNMENT NATIONAL MORTGAGE A G2 80395 36225CN28 4.875 05/20/2030 13,818.91 13,949.27 20.78 54.83 0.0013,970.0513,960.70GOVERNMENT NATIONAL MORTGAGE A G2 80408 3133TCE95 4.550 08/15/2032 1,374.79 1,373.45 (25.72) 10.62 0.001,347.731,373.35FHLMC STRUCTURED PASS THROUGH FSPC E3 A 31403GXF4 5.000 10/01/2033 431.90 408.81 (8.69) 1.62 0.00400.12401.74FANNIE MAE FN 748678 36225DCB8 4.625 07/20/2034 12,612.58 12,619.40 158.62 47.02 0.0012,778.0212,620.46GOVERNMENT NATIONAL MORTGAGE A G2 80965 31406XWT5 6.503 02/01/2035 11,350.23 11,426.15 203.74 59.93 0.0011,629.8911,439.60FANNIE MAE FN 823358 31406PQY8 5.000 03/01/2035 41,406.54 39,292.43 (250.34) 155.14 0.0139,042.0938,517.70FANNIE MAE FN 815971 31407BXH7 5.000 07/01/2035 6,098.49 5,782.73 (32.42) 22.85 0.005,750.315,673.06FANNIE MAE FN 826080 31376KT22 5.000 09/01/2035 31,997.09 30,362.40 (161.64) 119.89 0.0130,200.7629,764.76FANNIE MAE FN 357969 31403DJZ3 5.000 06/01/2036 31,661.21 30,050.77 (173.07) 118.63 0.0029,877.7029,452.33FANNIE MAE FN 745580 43MPR0214 SECURITIES HELD As of June 30, 2025 OC SAN 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 31410F4V4 5.000 07/01/2036 52,041.35 49,382.87 (283.10) 194.99 0.0149,099.7748,410.55FANNIE MAE FN 888336 31397QRE0 5.100 02/25/2041 56,236.40 56,249.27 (138.54) 39.84 0.0156,110.7356,254.00FANNIE MAE FNR 2011-3 FA 31394JY35 6.500 09/25/2043 327,271.39 311,879.73 (17,067.87) 1,513.14 0.05294,811.86288,981.37FHLMC STRUCTURED PASS THROUGH FSPC T-58 2A Total Government Mortgage Backed Securities 5,442,242.81 5,473,876.94 5,479,597.34 5,720.40 0.863,308.996,314,539.31 Gov't-issued Commercial Mortgage-Backed 3137BSRE5 3.120 09/25/2026 5,918,790.92 5,767,716.16 (127,067.15) 14,376.92 0.935,640,649.015,720,259.00FHLMC MULTIFAMILY STRUCTURED P FHMS K059 A2 3137FETN0 3.350 01/25/2028 8,126,748.44 8,229,247.87 68,049.45 22,776.28 1.288,297,297.328,440,000.00FHLMC MULTIFAMILY STRUCTURED P FHMS K073 A2 3137FG6X8 3.850 05/25/2028 7,116,894.53 7,169,338.55 39,582.95 22,485.07 1.127,208,921.507,250,000.00FHLMC MULTIFAMILY STRUCTURED P FHMS K077 A2 3137HB3D4 5.069 10/25/2028 10,850,787.19 10,838,483.25 165,644.27 43,757.30 1.7111,004,127.5210,716,000.00FHLMC MULTIFAMILY STRUCTURED P FHMS K510 A2 3137HBPD0 5.400 01/25/2029 10,244,140.63 10,223,404.48 161,220.52 43,500.00 1.6210,384,625.0010,000,000.00FHLMC MULTIFAMILY STRUCTURED P FHMS K515 A2 3137HCKV3 5.180 03/25/2029 6,480,309.38 6,471,660.91 59,653.35 26,371.96 1.026,531,314.266,320,000.00FHLMC MULTIFAMILY STRUCTURED P FHMS K520 A2 3137HDJJ0 4.803 05/25/2029 9,036,562.50 9,033,722.17 162,952.13 34,821.75 1.439,196,674.309,000,000.00FHLMC MULTIFAMILY STRUCTURED P FHMS K522 A2 Total Gov't-issued Commercial Mortgage-Backed 57,774,233.59 57,733,573.39 58,263,608.91 530,035.52 9.11208,089.2857,446,259.00 44MPR0214 SECURITIES HELD As of June 30, 2025 OC SAN 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 Miscellaneous 525ESCIB7 11.885 316,106.64 315,052.74 (314,812.74) 0.00 0.05240.00600,000.00ESC MNLEHMAN BRTHRS HLDGRR 5.625% D012208M012413GL ESCROW 525ESC0Y6 0.627 1,018,311.90 1,014,811.30 (727,311.30) 0.00 0.16287,500.002,000,000.00ESC MNLEHMAN BRTHRS HLDGRR VAR D102405M102208GL ESCROW Total Miscellaneous 1,334,418.54 1,329,864.04 287,740.00 (1,042,124.04)0.210.002,600,000.00 Municipal/Provincial Bonds 68609UNF8 4.368 05/01/2028 1,000,000.00 1,000,000.00 12,892.80 7,401.33 0.161,012,892.801,000,000.00OREGON ST 4.368% 01MAY2028 68609UNG6 4.494 05/01/2029 1,000,000.00 1,000,000.00 19,352.00 7,614.83 0.161,019,352.001,000,000.00OREGON ST 4.494% 01MAY2029 Total Municipal/Provincial Bonds 2,000,000.00 2,000,000.00 2,032,244.80 32,244.80 0.3215,016.162,000,000.00 Grand total 633,890,895.65 637,351,943.48 3,771,219.87659,231,234.24 100.004,322,771.92641,123,163.35 45MPR0214 Compliance summary 47MPR0214 Insight Investment - Confidential - External Portfolio compliance report As of June 30, 2025 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 max maturity; 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 obligations issued or unconditionally guaranteed by the International Bank for Reconstruction and Development ("IBRD"), the International Finance Corporation ("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 and operating 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 its agencies) ; 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 or federal 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 purchase by the Federal Reserve System Yes 1 & 2 – Please see Appendix 1 48MPR0214 Insight Investment - Confidential - External 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, 1-year max maturity 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 June 30, 2025 49MPR0214 Insight Investment - Confidential - External Portfolio compliance report (continued) As of June 30, 2025 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 Important disclosures 51MPR0214 Insight Investment - Confidential - External OC San Liquid Operating Portfolio Benchmark history as of June 30, 2025 Benchmark history ICE BofA US 3-Month Treasury Bill 03/01/2024 - Present 52MPR0214 Insight Investment - Confidential - External OC San Long Term Portfolio Benchmark history as of June 30, 2025 Benchmark history ICE BofA 1-5 Year AAA-A US Corporate & Government Index 03/01/2024 - Present 53MPR0214 Insight Investment - Confidential - External 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 54MPR0214 Insight Investment - Confidential - External 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 Investment Detail Multiple Accounts As Of Date : 06/30/2025 Account Information Account Number Account Name 6745046600 OCSD LIQUID OPERATING PORTFOLIO Investment Detail Asset Type Asset Name Current Allocation Shares/Par Price Date Priced Market Value Fed Cost Unrealized Gain/Loss Est. Annual Income Yield Portfolio USD-U.S._DOLLAR Cash & Cash Equivalents APPLE INC DISC COML C P 7/31/25 CUSIP: 03785DUX2 Ticker: 3.93%7,600,000.0000 0.9964 30-Jun-25 7,572,488.00 7,560,150.67 12,337.33 323,222.34 4.27%Principal Cash & Cash Equivalents CASH - INCOME CUSIP: Ticker: 11.82%22,810,549.9200 1.0000 30-Jun-25 22,810,549.92 ----Income Cash & Cash Equivalents CASH - PRINCIPAL CUSIP: Ticker: -11.82%-22,810,549.9200 1.0000 30-Jun-25 -22,810,549.92 ----Principal Cash & Cash Equivalents CATERPILLAR FINL SVCS C P 7/31/25 CUSIP: 14912DUX5 Ticker: 2.12%4,100,000.0000 0.9964 30-Jun-25 4,085,158.00 4,076,384.00 8,774.00 179,580.00 4.40%Principal Cash & Cash Equivalents DISNEY WALT CO C P 7/07/25 CUSIP: 2546R2U79 Ticker: 1.04%2,000,000.0000 0.9993 30-Jun-25 1,998,560.00 1,981,391.67 17,168.33 88,208.32 4.41%Principal Cash & Cash Equivalents DISNEY WALT CO NEW DISC C P 9/02/25 CUSIP: 2546R2W28 Ticker: 1.18%2,300,000.0000 0.9923 30-Jun-25 2,282,290.00 2,281,379.58 910.42 98,499.32 4.32%Principal Cash & Cash Equivalents FIRST AM GOVT OB FD CL Z CUSIP: 31846V567 Ticker: FGZXX 0.02%39,855.3100 1.0000 30-Jun-25 39,855.31 39,855.31 -1,682.06 4.22%Principal INVESTMENT - DETAIL Run Date : 08/07/2025 Page 1 of 31 Multiple Accounts As Of Date : 06/30/2025 Account Information Account Number Account Name 6745046600 OCSD LIQUID OPERATING PORTFOLIO Investment Detail Asset Type Asset Name Current Allocation Shares/Par Price Date Priced Market Value Fed Cost Unrealized Gain/Loss Est. Annual Income Yield Portfolio Cash & Cash Equivalents METLIFE SHORT TERM FDG C P 7/31/25 CUSIP: 59166GUX6 Ticker: 0.93%1,800,000.0000 0.9964 30-Jun-25 1,793,484.00 1,790,496.00 2,988.00 77,088.00 4.30%Principal Cash & Cash Equivalents METLIFE SHORT TERM FDG C P 9/02/25 CUSIP: 59157TW25 Ticker: 1.57%3,050,000.0000 0.9923 30-Jun-25 3,026,515.00 3,003,242.00 23,273.00 133,590.00 4.41%Principal Cash & Cash Equivalents U S TREASURY BILL 7/31/25 CUSIP: 912797PG6 Ticker: 2.94%5,700,000.0000 0.9965 30-Jun-25 5,680,221.00 5,632,651.10 47,569.90 240,896.25 4.24%Principal Cash & Cash Equivalents U S TREASURY BILL 8/07/25 CUSIP: 912797MG9 Ticker: 8725 1.81%3,500,000.0000 0.9956 30-Jun-25 3,484,705.00 3,430,637.82 54,067.18 147,875.00 4.24%Principal Cash & Cash Equivalents U S TREASURY BILL 8/12/25 CUSIP: 912797QJ9 Ticker: 1.21%2,350,000.0000 0.9950 30-Jun-25 2,338,203.00 2,334,052.66 4,150.34 99,405.02 4.25%Principal Cash & Cash Equivalents U S TREASURY BILL 8/14/25 CUSIP: 912797PN1 Ticker: 1.80%3,500,000.0000 0.9947 30-Jun-25 3,481,590.00 3,427,679.89 53,910.11 147,962.54 4.25%Principal Cash & Cash Equivalents U S TREASURY BILL 8/19/25 CUSIP: 912797QK6 Ticker: 7.27%14,100,000.0000 0.9941 30-Jun-25 14,017,233.00 13,932,187.30 85,045.70 595,901.39 4.25%Principal INVESTMENT - DETAIL Run Date : 08/07/2025 Page 2 of 31 Multiple Accounts As Of Date : 06/30/2025 Account Information Account Number Account Name 6745046600 OCSD LIQUID OPERATING PORTFOLIO Investment Detail Asset Type Asset Name Current Allocation Shares/Par Price Date Priced Market Value Fed Cost Unrealized Gain/Loss Est. Annual Income Yield Portfolio Cash & Cash Equivalents U S TREASURY BILL 8/21/25 CUSIP: 912797PP6 Ticker: 3.61%7,000,000.0000 0.9939 30-Jun-25 6,957,160.00 6,900,568.31 56,591.69 296,187.57 4.26%Principal Cash & Cash Equivalents U S TREASURY BILL 8/26/25 CUSIP: 912797QL4 Ticker: 1.03%2,000,000.0000 0.9933 30-Jun-25 1,986,560.00 1,986,361.17 198.83 84,500.02 4.25%Principal Cash & Cash Equivalents U S TREASURY BILL 9/02/25 CUSIP: 912797QM2 Ticker: 0.33%650,000.0000 0.9925 30-Jun-25 645,151.00 644,155.02 995.98 27,462.50 4.26%Principal Cash & Cash Equivalents WAL MART INC C P 7/16/25 CUSIP: 93114EUG0 Ticker: 4.66%9,000,000.0000 0.9982 30-Jun-25 8,983,710.00 8,977,530.00 6,180.00 372,797.73 4.15%Principal Cash & Cash Equivalents WALMART INC DISC COML C P 7/09/25 CUSIP: 93114EU96 Ticker: 0.26%500,000.0000 0.9990 30-Jun-25 499,515.00 499,100.00 415.00 20,531.25 4.11%Principal Fixed Income BANK AMER CORP MTN 3.875% 8/01/25 CUSIP: 06051GFS3 Ticker: 1.04%2,000,000.0000 0.9995 30-Jun-25 1,998,920.00 1,989,540.00 9,380.00 77,500.00 3.88%Principal Fixed Income BANK OF AMERICA 2.04574% 8/18/25 CUSIP: 06428CAD6 Ticker: BOA5925 1.06%2,047,000.0000 1.0007 30-Jun-25 2,048,351.02 2,047,941.62 409.40 62,248.17 3.04%Principal INVESTMENT - DETAIL Run Date : 08/07/2025 Page 3 of 31 Multiple Accounts As Of Date : 06/30/2025 Account Information Account Number Account Name 6745046600 OCSD LIQUID OPERATING PORTFOLIO Investment Detail Asset Type Asset Name Current Allocation Shares/Par Price Date Priced Market Value Fed Cost Unrealized Gain/Loss Est. Annual Income Yield Portfolio Fixed Income CITIBANK N A 5.864% 9/29/25 CUSIP: 17325FBA5 Ticker: 1.09%2,100,000.0000 1.0019 30-Jun-25 2,104,011.00 2,120,076.00 -16,065.00 123,144.00 5.85%Principal Fixed Income COMCAST CORP 3.950% 10/15/25 CUSIP: 20030NCS8 Ticker: 0.40%779,000.0000 0.9984 30-Jun-25 777,784.76 775,393.23 2,391.53 30,770.50 3.96%Principal Fixed Income ENTERPRISE PRODS LLC 5.050% 1/10/26 CUSIP: 29379VCC5 Ticker: 1.04%2,000,000.0000 1.0023 30-Jun-25 2,004,500.00 2,011,880.00 -7,380.00 101,000.00 5.04%Principal Fixed Income EQUITABLE MTN 1.000% 1/09/26 CUSIP: 29449WAE7 Ticker: EF11026 0.51%1,000,000.0000 0.9820 30-Jun-25 982,040.00 974,670.00 7,370.00 10,000.00 1.02%Principal Fixed Income F F C B DEB 0.610% 8/25/25 CUSIP: 3133EL4W1 Ticker: 0.34%652,000.0000 0.9944 30-Jun-25 648,322.72 640,342.24 7,980.48 3,977.20 0.61%Principal Fixed Income F F C B DEB 4.4763% 8/04/25 CUSIP: 3133EPRW7 Ticker: FFC5425AC 0.06%124,000.0000 1.0001 30-Jun-25 124,017.36 124,113.55 -96.19 5,517.45 4.45%Principal Fixed Income F F C B DEB 4.42206% 10/30/25 CUSIP: 3133ERZL8 Ticker: FFC4525 2.15%4,150,000.0000 1.0002 30-Jun-25 4,150,622.50 4,151,132.12 -509.62 182,323.33 4.39%Principal INVESTMENT - DETAIL Run Date : 08/07/2025 Page 4 of 31 Multiple Accounts As Of Date : 06/30/2025 Account Information Account Number Account Name 6745046600 OCSD LIQUID OPERATING PORTFOLIO Investment Detail Asset Type Asset Name Current Allocation Shares/Par Price Date Priced Market Value Fed Cost Unrealized Gain/Loss Est. Annual Income Yield Portfolio Fixed Income F F C B DEB 4.47326% 9/25/25 CUSIP: 3133EPWW1 Ticker: FFC5425R 0.19%375,000.0000 1.0004 30-Jun-25 375,142.50 375,330.00 -187.50 16,774.73 4.47%Principal Fixed Income F H L B M T N 4.200% 8/28/25 CUSIP: 3134GXS47 Ticker: 0.30%570,000.0000 0.9996 30-Jun-25 569,783.40 569,544.00 239.40 23,940.00 4.20%Principal Fixed Income F H L B DEB 0.375% 9/04/25 CUSIP: 3130AK5E2 Ticker: 0.13%250,000.0000 0.9929 30-Jun-25 248,222.50 242,750.00 5,472.50 937.50 0.38%Principal Fixed Income F H L B DEB 0.750% 7/29/25 CUSIP: 3130AM4P4 Ticker: 0.26%500,000.0000 0.9972 30-Jun-25 498,620.00 498,294.50 325.50 3,750.00 0.75%Principal Fixed Income F H L B DEB 4.305% 9/15/25 CUSIP: 3130B5JQ2 Ticker: 1.04%2,000,000.0000 1.0000 30-Jun-25 1,999,980.00 1,999,739.36 240.64 86,100.00 4.31%Principal Fixed Income F H L B DEB 4.305% 9/17/25 CUSIP: 3130B5JR0 Ticker: 1.04%2,000,000.0000 1.0000 30-Jun-25 1,999,980.00 1,999,710.70 269.30 86,100.00 4.31%Principal Fixed Income F H L B DEB 4.315% 9/12/25 CUSIP: 3130B5JP4 Ticker: 0.52%1,000,000.0000 1.0000 30-Jun-25 999,990.00 999,854.30 135.70 43,150.00 4.32%Principal INVESTMENT - DETAIL Run Date : 08/07/2025 Page 5 of 31 Multiple Accounts As Of Date : 06/30/2025 Account Information Account Number Account Name 6745046600 OCSD LIQUID OPERATING PORTFOLIO Investment Detail Asset Type Asset Name Current Allocation Shares/Par Price Date Priced Market Value Fed Cost Unrealized Gain/Loss Est. Annual Income Yield Portfolio Fixed Income F H L B DEB 4.315% 9/23/25 CUSIP: 3130B5C71 Ticker: 0.52%1,000,000.0000 1.0000 30-Jun-25 1,000,000.00 999,867.00 133.00 43,150.00 4.32%Principal Fixed Income F H L B DEB 4.320% 8/20/25 CUSIP: 3130B53B2 Ticker: 1.04%2,000,000.0000 1.0000 30-Jun-25 1,999,980.00 1,999,818.68 161.32 86,400.00 4.32%Principal Fixed Income F H L B DEB 4.320% 8/25/25 CUSIP: 3130B5CE6 Ticker: 0.52%1,000,000.0000 1.0000 30-Jun-25 999,990.00 999,905.96 84.04 43,200.00 4.32%Principal Fixed Income F H L B DEB 4.320% 8/29/25 CUSIP: 3130B5DP0 Ticker: 1.04%2,000,000.0000 1.0000 30-Jun-25 1,999,980.00 1,999,805.64 174.36 86,400.00 4.32%Principal Fixed Income F H L B DEB 4.320% 9/10/25 CUSIP: 3130B5FP8 Ticker: 0.52%1,000,000.0000 1.0000 30-Jun-25 999,990.00 999,635.30 354.70 43,200.00 4.32%Principal Fixed Income F H L B DEB 4.330% 9/03/25 CUSIP: 3130B4VJ7 Ticker: 0.52%1,000,000.0000 1.0000 30-Jun-25 999,990.00 999,949.90 40.10 43,300.00 4.33%Principal Fixed Income F H L B DEB 4.335% 7/21/25 CUSIP: 3130B4KJ9 Ticker: 0.52%1,000,000.0000 1.0000 30-Jun-25 999,990.00 999,987.43 2.57 43,350.00 4.34%Principal INVESTMENT - DETAIL Run Date : 08/07/2025 Page 6 of 31 Multiple Accounts As Of Date : 06/30/2025 Account Information Account Number Account Name 6745046600 OCSD LIQUID OPERATING PORTFOLIO Investment Detail Asset Type Asset Name Current Allocation Shares/Par Price Date Priced Market Value Fed Cost Unrealized Gain/Loss Est. Annual Income Yield Portfolio Fixed Income F H L B DEB 5.220% 7/21/25 CUSIP: 3130AWNJ5 Ticker: 0.24%460,000.0000 1.0001 30-Jun-25 460,036.80 460,194.30 -157.50 24,012.00 5.22%Principal Fixed Income F H L B DEB 0.00001% 7/10/25 CUSIP: 3130AWLH1 Ticker: 0.40%765,000.0000 1.0000 30-Jun-25 765,030.60 765,421.36 -390.76 0.08 0.00%Principal Fixed Income F H L B DEB 0.00001% 7/14/25 CUSIP: 3130AWNG1 Ticker: 0.13%255,000.0000 1.0000 30-Jun-25 255,010.20 255,144.83 -134.63 0.03 0.00%Principal Fixed Income F H L B DEB 0.00001% 8/21/25 CUSIP: 3130AWWV8 Ticker: 0.25%490,000.0000 1.0002 30-Jun-25 490,102.90 490,281.11 -178.21 0.05 0.00%Principal Fixed Income F H L B DEB 0.00001% 8/29/25 CUSIP: 3130B5DQ8 Ticker: 0.52%1,000,000.0000 1.0000 30-Jun-25 999,990.00 999,900.67 89.33 0.10 0.00%Principal Fixed Income F H L B DISC NTS 7/11/25 CUSIP: 313385HZ2 Ticker: 1.88%3,635,000.0000 0.9987 30-Jun-25 3,630,383.55 3,630,335.08 48.47 --Principal Fixed Income F H L M C M T N 0.570% 9/24/25 CUSIP: 3134GWUG9 Ticker: 0.82%1,600,000.0000 0.9910 30-Jun-25 1,585,632.00 1,583,568.00 2,064.00 9,120.00 0.58%Principal INVESTMENT - DETAIL Run Date : 08/07/2025 Page 7 of 31 Multiple Accounts As Of Date : 06/30/2025 Account Information Account Number Account Name 6745046600 OCSD LIQUID OPERATING PORTFOLIO Investment Detail Asset Type Asset Name Current Allocation Shares/Par Price Date Priced Market Value Fed Cost Unrealized Gain/Loss Est. Annual Income Yield Portfolio Fixed Income F H L M C M T N 4.050% 7/25/25 CUSIP: 3134GXE34 Ticker: 0.52%1,000,000.0000 0.9997 30-Jun-25 999,720.00 999,000.00 720.00 40,500.00 4.05%Principal Fixed Income F H L M C STRIP 7/15/25 CUSIP: 3134A4NF7 Ticker: 2.59%5,000,000.0000 0.9984 30-Jun-25 4,991,900.00 4,949,750.00 42,150.00 0.50 0.00%Principal Fixed Income F N M A 0.600% 7/29/25 CUSIP: 3136G4B85 Ticker: 0.10%200,000.0000 0.9971 30-Jun-25 199,410.00 199,287.60 122.40 1,200.00 0.60%Principal Fixed Income F N M A 0.600% 7/29/25 CUSIP: 3136G4D75 Ticker: 1.15%2,225,000.0000 0.9971 30-Jun-25 2,218,592.00 2,217,072.33 1,519.67 13,350.00 0.60%Principal Fixed Income F N M A 0.650% 8/25/25 CUSIP: 3136G4W41 Ticker: 0.23%445,000.0000 0.9944 30-Jun-25 442,490.20 437,127.95 5,362.25 2,892.50 0.65%Principal Fixed Income F N M A 0.700% 7/14/25 CUSIP: 3136G4YH0 Ticker: 0.66%1,280,000.0000 0.9987 30-Jun-25 1,278,336.00 1,276,925.68 1,410.32 8,960.00 0.70%Principal Fixed Income F N M A DISC NT 7/01/25 CUSIP: 313589HP1 Ticker: 2.77%5,350,000.0000 0.9999 30-Jun-25 5,349,358.00 5,349,393.67 -35.67 --Principal INVESTMENT - DETAIL Run Date : 08/07/2025 Page 8 of 31 Multiple Accounts As Of Date : 06/30/2025 Account Information Account Number Account Name 6745046600 OCSD LIQUID OPERATING PORTFOLIO Investment Detail Asset Type Asset Name Current Allocation Shares/Par Price Date Priced Market Value Fed Cost Unrealized Gain/Loss Est. Annual Income Yield Portfolio Fixed Income FEDERAL HOME LOAN 0.00001% 11/03/25 CUSIP: 3130B5RZ3 Ticker: 0.52%1,000,000.0000 1.0000 30-Jun-25 1,000,000.00 999,811.00 189.00 0.10 0.00%Principal Fixed Income FEDERAL HOME LOAN 0.00001% 11/04/25 CUSIP: 3130B5Q68 Ticker: 1.04%2,000,000.0000 1.0000 30-Jun-25 1,999,980.00 1,999,623.80 356.20 0.20 0.00%Principal Fixed Income FEDERAL HOME LOAN 0.00001% 12/08/25 CUSIP: 3130AXZ50 Ticker: 0.05%100,000.0000 1.0007 30-Jun-25 100,067.00 100,106.48 -39.48 0.01 0.00%Principal Fixed Income HOME DEPOT INC 4.000% 9/15/25 CUSIP: 437076CR1 Ticker: 1.04%2,000,000.0000 0.9990 30-Jun-25 1,997,920.00 1,995,040.00 2,880.00 80,000.00 4.00%Principal Fixed Income IFC M T N CUSIP: 45950VRG3 Ticker: 0.58%1,115,000.0000 0.9979 30-Jun-25 1,112,602.75 1,107,909.72 4,693.03 37,129.50 3.34%Principal Fixed Income IFC M T N 0.375% 7/16/25 CUSIP: 45950KCT5 Ticker: 0.37%719,000.0000 0.9983 30-Jun-25 717,784.89 704,641.57 13,143.32 2,696.25 0.38%Principal Fixed Income INTER AMER BK M T N 0.625% 7/15/25 CUSIP: 4581X0DN5 Ticker: 1.24%2,400,000.0000 0.9985 30-Jun-25 2,396,448.00 2,356,320.00 40,128.00 15,000.00 0.63%Principal INVESTMENT - DETAIL Run Date : 08/07/2025 Page 9 of 31 Multiple Accounts As Of Date : 06/30/2025 Account Information Account Number Account Name 6745046600 OCSD LIQUID OPERATING PORTFOLIO Investment Detail Asset Type Asset Name Current Allocation Shares/Par Price Date Priced Market Value Fed Cost Unrealized Gain/Loss Est. Annual Income Yield Portfolio Fixed Income INTERCONTINENTAL 3.750% 12/01/25 CUSIP: 45866FAD6 Ticker: 0.26%505,000.0000 0.9967 30-Jun-25 503,313.30 501,364.00 1,949.30 18,937.50 3.76%Principal Fixed Income INTL BK M T N 0.375% 7/28/25 CUSIP: 459058JE4 Ticker: 5.17%10,000,000.0000 0.9970 30-Jun-25 9,969,600.00 9,793,996.50 175,603.50 37,500.00 0.38%Principal Fixed Income INTL BK M T N 3.126% 11/20/25 CUSIP: 45905U6L3 Ticker: IBM3125 0.39%750,000.0000 0.9950 30-Jun-25 746,257.50 742,575.00 3,682.50 23,445.00 3.14%Principal Fixed Income INTL BK M T N 5.13099% 9/18/25 CUSIP: 459058JJ3 Ticker: IBM5125 1.96%3,782,000.0000 1.0000 30-Jun-25 3,781,962.18 3,787,895.38 -5,933.20 194,054.00 5.13%Principal Fixed Income JOHN DEERE MTN 5.300% 9/08/25 CUSIP: 24422EXC8 Ticker: 0.20%385,000.0000 1.0015 30-Jun-25 385,569.80 385,558.25 11.55 20,405.00 5.29%Principal Fixed Income JOHN DEERE MTN 4.86103% 7/03/25 CUSIP: 24422EXA2 Ticker: JDM5725 0.26%500,000.0000 1.0000 30-Jun-25 500,010.00 500,615.00 -605.00 24,305.15 4.86%Principal Fixed Income JPMORGAN CHASE CO 3.900% 7/15/25 CUSIP: 46625HMN7 Ticker: 0.91%1,757,000.0000 0.9996 30-Jun-25 1,756,332.34 1,752,800.77 3,531.57 68,523.00 3.90%Principal INVESTMENT - DETAIL Run Date : 08/07/2025 Page 10 of 31 Multiple Accounts As Of Date : 06/30/2025 Account Information Account Number Account Name 6745046600 OCSD LIQUID OPERATING PORTFOLIO Investment Detail Asset Type Asset Name Current Allocation Shares/Par Price Date Priced Market Value Fed Cost Unrealized Gain/Loss Est. Annual Income Yield Portfolio Fixed Income MASSMUTUAL MTN 4.150% 8/26/25 CUSIP: 57629WDK3 Ticker: 0.52%1,000,000.0000 0.9993 30-Jun-25 999,280.00 999,350.00 -70.00 41,500.00 4.15%Principal Fixed Income METROPOLITAN MTN 0.950% 7/02/25 CUSIP: 59217GEJ4 Ticker: 1.93%3,720,000.0000 0.9999 30-Jun-25 3,719,628.00 3,694,146.00 25,482.00 35,340.00 0.95%Principal Fixed Income MICROSOFT CORP 3.125% 11/03/25 CUSIP: 594918BJ2 Ticker: 1.08%2,100,000.0000 0.9957 30-Jun-25 2,090,886.00 2,077,635.00 13,251.00 65,625.00 3.14%Principal Fixed Income MORGAN STANLEY 4.000% 7/23/25 CUSIP: 6174468C6 Ticker: 0.66%1,266,000.0000 0.9991 30-Jun-25 1,264,809.96 1,261,708.26 3,101.70 50,640.00 4.00%Principal Fixed Income MORGAN STANLEY MTN 3.875% 1/27/26 CUSIP: 61746BDZ6 Ticker: 0.77%1,500,000.0000 0.9958 30-Jun-25 1,493,715.00 1,491,645.00 2,070.00 58,125.00 3.89%Principal Fixed Income ONCOR ELEC DELIVERY 0.550% 10/01/25 CUSIP: 68233JBZ6 Ticker: 1.03%2,000,000.0000 0.9901 30-Jun-25 1,980,220.00 1,940,440.00 39,780.00 11,000.00 0.56%Principal Fixed Income PECO ENERGY CO 3.150% 10/15/25 CUSIP: 693304AT4 Ticker: 0.50%965,000.0000 0.9961 30-Jun-25 961,197.90 956,797.50 4,400.40 30,397.50 3.16%Principal INVESTMENT - DETAIL Run Date : 08/07/2025 Page 11 of 31 Multiple Accounts As Of Date : 06/30/2025 Account Information Account Number Account Name 6745046600 OCSD LIQUID OPERATING PORTFOLIO Investment Detail Asset Type Asset Name Current Allocation Shares/Par Price Date Priced Market Value Fed Cost Unrealized Gain/Loss Est. Annual Income Yield Portfolio Fixed Income PRICOA GLOBAL MTN 0.800% 9/01/25 CUSIP: 74153WCM9 Ticker: 0.51%1,000,000.0000 0.9934 30-Jun-25 993,420.00 992,680.00 740.00 8,000.00 0.81%Principal Fixed Income RFCP STRIPS 7/15/25 CUSIP: 76116EGG9 Ticker: 0.73%1,417,000.0000 0.9984 30-Jun-25 1,414,676.12 1,386,384.30 28,291.82 0.14 0.00%Principal Fixed Income U S TREASURY NT 3.875% 1/15/26 CUSIP: 91282CGE5 Ticker: 1.28%2,475,000.0000 0.9987 30-Jun-25 2,471,658.75 2,471,044.42 614.33 95,906.25 3.88%Principal Fixed Income U S TREASURY NT 5.549% 10/31/25 CUSIP: 91282CJD4 Ticker: 1.04%2,000,000.0000 1.0004 30-Jun-25 2,000,720.00 2,001,530.15 -810.15 110,980.00 5.55%Principal Fixed Income U S TREASURY NT 0.00001% 7/31/25 CUSIP: 91282CHS3 Ticker: 10.37%20,000,000.0000 0.9999 30-Jun-25 19,998,200.00 19,999,854.91 -1,654.91 2.00 0.00%Principal Fixed Income WELLS FARGO M T N 5.550% 8/01/25 CUSIP: 94988J6B8 Ticker: 1.81%3,500,000.0000 1.0000 30-Jun-25 3,500,000.00 3,516,800.00 -16,800.00 194,250.00 5.55%Principal USD-U.S._DOLLAR Cash & Cash Equivalents 35.70%68,872,398.31 68,497,822.50 374,575.81 2,935,389.31 4.26% Fixed Income 64.30%124,052,459.50 123,650,957.12 401,502.38 2,570,029.73 2.07% INVESTMENT - DETAIL Run Date : 08/07/2025 Page 12 of 31 Multiple Accounts As Of Date : 06/30/2025 Account Information Account Number Account Name 6745046600 OCSD LIQUID OPERATING PORTFOLIO Investment Detail Asset Type Asset Name Current Allocation Shares/Par Price Date Priced Market Value Fed Cost Unrealized Gain/Loss Est. Annual Income Yield Portfolio Total USD-U.S._DOLLAR 100.00%192,924,857.81 192,148,779.62 776,078.19 5,505,419.04 2.85% Total (U.S. DOLLAR)100.00%192,925,191.11 192,148,779.62 776,411.49 5,505,419.03 2.85% Grand Total (U.S. DOLLAR)100.00%192,925,191.11 192,148,779.62 776,411.49 5,505,419.03 2.85% INVESTMENT - DETAIL Run Date : 08/07/2025 Page 13 of 31 Multiple Accounts As Of Date : 06/30/2025 Account Information Account Number Account Name 6745046601 OCSD LONG-TERM PORTFOLIO Investment Detail Asset Type Asset Name Current Allocation Shares/Par Price Date Priced Market Value Fed Cost Unrealized Gain/Loss Est. Annual Income Yield Portfolio USD-U.S._DOLLAR Cash & Cash Equivalents CASH - INCOME CUSIP: Ticker: 15.78%101,145,914.9100 1.0000 30-Jun-25 101,145,914.91 ----Income Cash & Cash Equivalents CASH - PRINCIPAL CUSIP: Ticker: -15.78%-101,145,914.9100 1.0000 30-Jun-25 -101,145,914.91 ----Principal Cash & Cash Equivalents FIRST AM GOVT OB FD CL Z CUSIP: 31846V567 Ticker: FGZXX 0.07%463,710.3100 1.0000 30-Jun-25 463,710.31 463,710.31 -19,570.53 4.22%Principal Fixed Income AIG GLOBAL FDG MTN 4.900% 1/07/28 CUSIP: 00138CBD9 Ticker: 0.81%5,091,000.0000 1.0150 30-Jun-25 5,167,517.73 5,091,000.00 76,517.73 249,459.00 4.83%Principal Fixed Income AMERICAN EXP 4.560% 12/17/29 CUSIP: 02582JKM1 Ticker: AE44529 1.68%10,636,000.0000 1.0126 30-Jun-25 10,769,694.52 10,633,637.74 136,056.78 485,001.60 4.50%Principal Fixed Income AMERICAN EXPRESS 3.750% 8/16/27 CUSIP: 02582JJV3 Ticker: 0.31%2,000,000.0000 0.9990 30-Jun-25 1,998,020.00 1,934,062.50 63,957.50 75,000.00 3.75%Principal Fixed Income AMERICAN HONDA MTN 5.125% 7/07/28 CUSIP: 02665WEM9 Ticker: 0.16%1,000,000.0000 1.0203 30-Jun-25 1,020,290.00 988,260.00 32,030.00 51,250.00 5.02%Principal INVESTMENT - DETAIL Run Date : 08/07/2025 Page 14 of 31 Multiple Accounts As Of Date : 06/30/2025 Account Information Account Number Account Name 6745046601 OCSD LONG-TERM PORTFOLIO Investment Detail Asset Type Asset Name Current Allocation Shares/Par Price Date Priced Market Value Fed Cost Unrealized Gain/Loss Est. Annual Income Yield Portfolio Fixed Income BANK NEW YORK MTN 3.992% 6/13/28 CUSIP: 06406RBG1 Ticker: 0.39%2,500,000.0000 0.9965 30-Jun-25 2,491,150.00 2,403,150.00 88,000.00 99,800.00 4.01%Principal Fixed Income BANK OF AMERICA 4.979% 1/24/29 CUSIP: 06051GMK2 Ticker: 0.51%3,250,000.0000 1.0143 30-Jun-25 3,296,345.00 3,250,000.00 46,345.00 161,817.50 4.91%Principal Fixed Income BANK OF AMERICA MTN 3.824% 1/20/28 CUSIP: 06051GGF0 Ticker: 0.97%6,275,000.0000 0.9913 30-Jun-25 6,220,344.75 5,907,613.65 312,731.10 239,956.00 3.86%Principal Fixed Income BANK OF AMERICA MTN 3.970% 3/05/29 CUSIP: 06051GHG7 Ticker: 0.69%4,500,000.0000 0.9889 30-Jun-25 4,450,230.00 4,305,375.00 144,855.00 178,650.00 4.01%Principal Fixed Income BANK OF NEW YORK MTN 3.950% 11/18/25 CUSIP: 06406HCQ0 Ticker: 0.23%1,500,000.0000 0.9978 30-Jun-25 1,496,670.00 1,537,365.00 -40,695.00 59,250.00 3.96%Principal Fixed Income BMW VEH OWNER TR 5.470% 2/25/28 CUSIP: 05592XAD2 Ticker: BVO5428 0.17%1,064,670.5500 1.0059 30-Jun-25 1,070,994.69 1,064,481.89 6,512.80 58,237.47 5.44%Principal Fixed Income CAPITAL ONE PRIME 4.760% 8/15/28 CUSIP: 14043KAK1 Ticker: 0.82%5,240,000.0000 1.0071 30-Jun-25 5,277,151.60 5,252,690.60 24,461.00 249,424.00 4.73%Principal INVESTMENT - DETAIL Run Date : 08/07/2025 Page 15 of 31 Multiple Accounts As Of Date : 06/30/2025 Account Information Account Number Account Name 6745046601 OCSD LONG-TERM PORTFOLIO Investment Detail Asset Type Asset Name Current Allocation Shares/Par Price Date Priced Market Value Fed Cost Unrealized Gain/Loss Est. Annual Income Yield Portfolio Fixed Income CATERPILLAR FINL MTN 3.600% 8/12/27 CUSIP: 14913R3A3 Ticker: 0.50%3,250,000.0000 0.9901 30-Jun-25 3,217,890.00 3,213,062.50 4,827.50 117,000.00 3.64%Principal Fixed Income CHASE ISSUE TR 4.600% 1/16/29 CUSIP: 161571HV9 Ticker: 1.26%8,040,000.0000 1.0073 30-Jun-25 8,098,852.80 8,038,775.51 60,077.29 369,840.00 4.57%Principal Fixed Income CITIBANK N A 4.838% 8/06/29 CUSIP: 17325FBK3 Ticker: 1.19%7,500,000.0000 1.0211 30-Jun-25 7,658,250.00 7,501,725.00 156,525.00 362,850.00 4.74%Principal Fixed Income CNH EQUIPMENT 4.300% 8/15/28 CUSIP: 12674BAB1 Ticker: CE44328 0.63%4,053,913.0000 0.9995 30-Jun-25 4,051,683.35 4,053,821.38 -2,138.03 174,318.26 4.30%Principal Fixed Income COMCAST CORP 3.550% 5/01/28 CUSIP: 20030NCH2 Ticker: 0.77%5,000,000.0000 0.9833 30-Jun-25 4,916,450.00 4,785,920.00 130,530.00 177,500.00 3.61%Principal Fixed Income CONSUMERS ENERGY CO 4.700% 1/15/30 CUSIP: 210518DX1 Ticker: 1.03%6,500,000.0000 1.0147 30-Jun-25 6,595,225.00 6,427,980.00 167,245.00 305,500.00 4.63%Principal Fixed Income DEERE JOHN MTN 4.150% 9/15/27 CUSIP: 24422EWK1 Ticker: 0.31%2,000,000.0000 1.0021 30-Jun-25 2,004,180.00 1,972,620.00 31,560.00 83,000.00 4.14%Principal INVESTMENT - DETAIL Run Date : 08/07/2025 Page 16 of 31 Multiple Accounts As Of Date : 06/30/2025 Account Information Account Number Account Name 6745046601 OCSD LONG-TERM PORTFOLIO Investment Detail Asset Type Asset Name Current Allocation Shares/Par Price Date Priced Market Value Fed Cost Unrealized Gain/Loss Est. Annual Income Yield Portfolio Fixed Income DEERE JOHN MTN 4.750% 1/20/28 CUSIP: 24422EWR6 Ticker: 1.03%6,500,000.0000 1.0158 30-Jun-25 6,602,765.00 6,580,745.00 22,020.00 308,750.00 4.68%Principal Fixed Income DTE ELEC CO 4.250% 5/14/27 CUSIP: 23338VAW6 Ticker: 0.77%4,956,000.0000 1.0014 30-Jun-25 4,962,839.28 4,962,368.16 471.12 210,630.00 4.24%Principal Fixed Income ERAC USA FINANCE 5.000% 2/15/29 CUSIP: 26884TAY8 Ticker: 1.16%7,250,000.0000 1.0236 30-Jun-25 7,421,027.50 7,272,330.00 148,697.50 362,500.00 4.88%Principal Fixed Income F F C B DEB 1.125% 6/01/29 CUSIP: 3133EMHZ8 Ticker: 0.35%2,500,000.0000 0.8951 30-Jun-25 2,237,825.00 2,238,215.00 -390.00 28,125.00 1.26%Principal Fixed Income F F C B DEB 4.490% 3/05/29 CUSIP: 3133ER5D9 Ticker: 2.04%12,975,000.0000 1.0054 30-Jun-25 13,044,805.50 13,043,789.50 1,016.00 582,577.50 4.47%Principal Fixed Income F H L M C 5.125% 2/13/30 CUSIP: 3134HA7E7 Ticker: 0.78%5,000,000.0000 1.0016 30-Jun-25 5,008,200.00 5,019,150.00 -10,950.00 256,250.00 5.12%Principal Fixed Income F H L M C M T N 4.030% 10/10/29 CUSIP: 3134HAPK3 Ticker: 0.77%5,000,000.0000 0.9933 30-Jun-25 4,966,450.00 4,939,200.00 27,250.00 201,500.00 4.06%Principal INVESTMENT - DETAIL Run Date : 08/07/2025 Page 17 of 31 Multiple Accounts As Of Date : 06/30/2025 Account Information Account Number Account Name 6745046601 OCSD LONG-TERM PORTFOLIO Investment Detail Asset Type Asset Name Current Allocation Shares/Par Price Date Priced Market Value Fed Cost Unrealized Gain/Loss Est. Annual Income Yield Portfolio Fixed Income F H L M C M T N 4.750% 12/18/29 CUSIP: 3134HAW33 Ticker: 1.57%10,000,000.0000 1.0054 30-Jun-25 10,053,700.00 9,973,870.08 79,829.92 475,000.00 4.72%Principal Fixed Income F H L M C #786064 6.262% 1/01/28 CUSIP: 31348SWZ3 Ticker: 786064F 0.00%232.9900 0.9991 30-Jun-25 232.79 227.32 5.47 14.59 6.27%Principal Fixed Income F H L M C MLTCL 5.069% 10/25/28 CUSIP: 3137HB3D4 Ticker: FHL5028 1.72%10,716,000.0000 1.0269 30-Jun-25 11,004,153.24 10,850,787.19 153,366.05 543,194.08 4.94%Principal Fixed Income F H L M C MLTCL MT 3.350% 1/25/28 CUSIP: 3137FETN0 Ticker: FHL0428B 1.29%8,440,000.0000 0.9831 30-Jun-25 8,297,279.60 8,126,748.44 170,531.16 282,740.03 3.41%Principal Fixed Income F H L M C MLTCL MT 3.850% 5/25/28 CUSIP: 3137FG6X8 Ticker: FHL3828B 1.12%7,250,000.0000 0.9943 30-Jun-25 7,208,892.50 7,116,894.53 91,997.97 279,124.97 3.87%Principal Fixed Income F H L M C MLTCL MT 4.562% 8/15/32 CUSIP: 3133TCE95 Ticker: FHL3032 0.00%1,406.7500 0.9811 30-Jun-25 1,380.16 1,408.24 -28.08 64.32 4.66%Principal Fixed Income F H L M C MLTCL MT 6.49999% 9/25/43 CUSIP: 31394JY35 Ticker: FHL9543 0.05%288,981.3300 1.0202 30-Jun-25 294,812.97 327,271.33 -32,458.36 18,783.75 6.37%Principal INVESTMENT - DETAIL Run Date : 08/07/2025 Page 18 of 31 Multiple Accounts As Of Date : 06/30/2025 Account Information Account Number Account Name 6745046601 OCSD LONG-TERM PORTFOLIO Investment Detail Asset Type Asset Name Current Allocation Shares/Par Price Date Priced Market Value Fed Cost Unrealized Gain/Loss Est. Annual Income Yield Portfolio Fixed Income F H L M C MLTCL MTG 3.120% 9/25/26 CUSIP: 3137BSRE5 Ticker: 0.88%5,720,259.0000 0.9861 30-Jun-25 5,640,632.99 5,918,790.92 -278,157.93 178,472.08 3.16%Principal Fixed Income F H L M C MLTCL MTG 4.803% 5/25/29 CUSIP: 3137HDJJ0 Ticker: 1.43%9,000,000.0000 1.0219 30-Jun-25 9,196,650.00 9,036,562.50 160,087.50 432,270.00 4.70%Principal Fixed Income F H L M C MLTCL MTG 5.180% 3/25/29 CUSIP: 3137HCKV3 Ticker: 1.02%6,320,000.0000 1.0334 30-Jun-25 6,531,340.80 6,480,309.38 51,031.42 327,376.03 5.01%Principal Fixed Income F H L M C MLTCL MTG 5.400% 1/25/29 CUSIP: 3137HBPD0 Ticker: FHL5429 1.62%10,000,000.0000 1.0385 30-Jun-25 10,384,600.00 10,244,140.63 140,459.37 540,000.00 5.20%Principal Fixed Income F H L M C STRIP 9/15/29 CUSIP: 3134A3U53 Ticker: FHL91529 0.33%2,500,000.0000 0.8411 30-Jun-25 2,102,725.00 2,057,500.00 45,225.00 0.25 0.00%Principal Fixed Income F N M A STRIP 1/15/30 CUSIP: 31358DDG6 Ticker: 0.65%5,000,000.0000 0.8369 30-Jun-25 4,184,500.00 4,144,100.00 40,400.00 0.50 0.00%Principal Fixed Income F N M A #257179 4.500% 4/01/28 CUSIP: 31371NUC7 Ticker: 257179A 0.00%1,716.7900 0.9958 30-Jun-25 1,709.49 1,815.67 -106.18 77.26 4.52%Principal INVESTMENT - DETAIL Run Date : 08/07/2025 Page 19 of 31 Multiple Accounts As Of Date : 06/30/2025 Account Information Account Number Account Name 6745046601 OCSD LONG-TERM PORTFOLIO Investment Detail Asset Type Asset Name Current Allocation Shares/Par Price Date Priced Market Value Fed Cost Unrealized Gain/Loss Est. Annual Income Yield Portfolio Fixed Income F N M A #357969 5.000% 9/01/35 CUSIP: 31376KT22 Ticker: 357969A 0.00%29,764.7100 1.0147 30-Jun-25 30,200.76 31,997.07 -1,796.31 1,488.24 4.93%Principal Fixed Income F N M A #745580 5.000% 6/01/36 CUSIP: 31403DJZ3 Ticker: 745580A 0.00%29,452.2700 1.0144 30-Jun-25 29,877.56 31,661.20 -1,783.64 1,472.61 4.93%Principal Fixed Income F N M A #748678 5.000% 10/01/33 CUSIP: 31403GXF4 Ticker: 748678A 0.00%401.7900 0.9960 30-Jun-25 400.17 431.92 -31.75 20.09 5.02%Principal Fixed Income F N M A #815971 5.000% 3/01/35 CUSIP: 31406PQY8 Ticker: 815971A 0.01%38,517.7000 1.0136 30-Jun-25 39,041.93 41,406.52 -2,364.59 1,925.89 4.93%Principal Fixed Income F N M A #823358 6.503% 2/01/35 CUSIP: 31406XWT5 Ticker: 823358A 0.00%11,439.6000 1.0166 30-Jun-25 11,629.95 11,350.23 279.72 743.92 6.40%Principal Fixed Income F N M A #826080 5.000% 7/01/35 CUSIP: 31407BXH7 Ticker: 826080A 0.00%5,673.0000 1.0136 30-Jun-25 5,750.27 6,098.45 -348.18 283.65 4.93%Principal Fixed Income F N M A #888336 5.000% 7/01/36 CUSIP: 31410F4V4 Ticker: 888336A 0.01%48,410.5300 1.0142 30-Jun-25 49,099.90 52,041.34 -2,941.44 2,420.53 4.93%Principal INVESTMENT - DETAIL Run Date : 08/07/2025 Page 20 of 31 Multiple Accounts As Of Date : 06/30/2025 Account Information Account Number Account Name 6745046601 OCSD LONG-TERM PORTFOLIO Investment Detail Asset Type Asset Name Current Allocation Shares/Par Price Date Priced Market Value Fed Cost Unrealized Gain/Loss Est. Annual Income Yield Portfolio Fixed Income F N M A #AL0869 4.500% 6/01/29 CUSIP: 3138EG6F6 Ticker: AL0869A 0.00%1,674.2300 0.9985 30-Jun-25 1,671.74 1,770.67 -98.93 75.34 4.51%Principal Fixed Income F N M A #MA0022 4.500% 4/01/29 CUSIP: 31417YAY3 Ticker: MA0022A 0.00%2,749.0100 1.0015 30-Jun-25 2,753.16 2,907.35 -154.19 123.71 4.49%Principal Fixed Income F N M A GTD REMIC 1.500% 4/25/29 CUSIP: 3136AJZP4 Ticker: 0.12%766,276.2000 0.9640 30-Jun-25 738,674.93 700,024.54 38,650.39 11,494.14 1.56%Principal Fixed Income F N M A GTD REMIC 2.472% 2/25/41 CUSIP: 31397QRE0 Ticker: FNM2841 0.01%56,253.9300 0.9975 30-Jun-25 56,110.48 56,236.36 -125.88 2,878.20 5.13%Principal Fixed Income FEDERAL HOME LOAN BA 2.060% 9/27/29 CUSIP: 3130AH6Y4 Ticker: 0.19%1,300,000.0000 0.9259 30-Jun-25 1,203,696.00 1,189,630.00 14,066.00 26,780.00 2.22%Principal Fixed Income FORD CR FLP MASTER 0.00001% 5/15/28 CUSIP: 34528QHV9 Ticker: 1.41%9,000,000.0000 1.0043 30-Jun-25 9,038,340.00 9,033,398.44 4,941.56 0.90 0.00%Principal Fixed Income FORD CREDIT AT 4.940% 6/15/28 CUSIP: 345282AD9 Ticker: 0.76%4,802,000.0000 1.0079 30-Jun-25 4,839,983.82 4,809,503.13 30,480.69 237,218.80 4.90%Principal INVESTMENT - DETAIL Run Date : 08/07/2025 Page 21 of 31 Multiple Accounts As Of Date : 06/30/2025 Account Information Account Number Account Name 6745046601 OCSD LONG-TERM PORTFOLIO Investment Detail Asset Type Asset Name Current Allocation Shares/Par Price Date Priced Market Value Fed Cost Unrealized Gain/Loss Est. Annual Income Yield Portfolio Fixed Income G N M A I I #080023 4.750% 12/20/26 CUSIP: 36225CAZ9 Ticker: 080023M 0.00%1,464.7700 1.0065 30-Jun-25 1,474.33 1,488.97 -14.64 69.58 4.72%Principal Fixed Income G N M A I I #080088 5.000% 6/20/27 CUSIP: 36225CC20 Ticker: 080088M 0.00%2,069.0400 0.9966 30-Jun-25 2,061.94 2,114.31 -52.37 103.45 5.02%Principal Fixed Income G N M A I I #080395 4.875% 4/20/30 CUSIP: 36225CNM4 Ticker: 080395M 0.00%1,513.1700 1.0017 30-Jun-25 1,515.70 1,499.43 16.27 73.77 4.87%Principal Fixed Income G N M A I I #080408 4.875% 5/20/30 CUSIP: 36225CN28 Ticker: 080408M 0.00%13,960.6500 1.0007 30-Jun-25 13,970.00 13,818.83 151.17 680.58 4.87%Principal Fixed Income G N M A I I #080965 4.625% 7/20/34 CUSIP: 36225DCB8 Ticker: 080965M 0.00%12,620.4900 1.0125 30-Jun-25 12,778.12 12,612.60 165.52 583.70 4.57%Principal Fixed Income GMF FLOORPL OWNE 4.680% 11/15/28 CUSIP: 361886DK7 Ticker: 1.21%7,710,000.0000 1.0042 30-Jun-25 7,742,304.90 7,712,108.20 30,196.70 360,828.00 4.66%Principal Fixed Income GOLDMAN SACHS BK 5.414% 5/21/27 CUSIP: 38151LAG5 Ticker: 1.18%7,500,000.0000 1.0083 30-Jun-25 7,561,875.00 7,546,875.00 15,000.00 406,050.00 5.37%Principal INVESTMENT - DETAIL Run Date : 08/07/2025 Page 22 of 31 Multiple Accounts As Of Date : 06/30/2025 Account Information Account Number Account Name 6745046601 OCSD LONG-TERM PORTFOLIO Investment Detail Asset Type Asset Name Current Allocation Shares/Par Price Date Priced Market Value Fed Cost Unrealized Gain/Loss Est. Annual Income Yield Portfolio Fixed Income HONDA AUTO 4.330% 3/15/29 CUSIP: 43816DAC9 Ticker: 0.31%1,973,000.0000 1.0023 30-Jun-25 1,977,557.63 1,972,720.82 4,836.81 85,430.89 4.32%Principal Fixed Income HONDA AUTO REC OWN 1.880% 5/15/26 CUSIP: 43815BAC4 Ticker: HAR1826 0.04%240,406.7500 0.9980 30-Jun-25 239,918.72 240,370.60 -451.88 4,519.65 1.88%Principal Fixed Income HYUNDAI AUTO LEASE 4.620% 4/17/28 CUSIP: 448984AD6 Ticker: 0.78%5,000,000.0000 1.0047 30-Jun-25 5,023,350.00 5,003,906.25 19,443.75 231,000.00 4.60%Principal Fixed Income HYUNDAI AUTO RECV TR 4.790% 10/15/29 CUSIP: 44935CAD3 Ticker: 0.66%4,231,000.0000 1.0039 30-Jun-25 4,247,331.66 4,230,375.93 16,955.73 202,664.90 4.77%Principal Fixed Income IFC M T N 4.500% 7/13/28 CUSIP: 45950KDD9 Ticker: 0.66%4,130,000.0000 1.0212 30-Jun-25 4,217,473.40 4,125,415.70 92,057.70 185,850.00 4.41%Principal Fixed Income INTER AMER BK M T N 3.900% 8/15/29 CUSIP: 45818WFV3 Ticker: 0.24%1,500,000.0000 1.0064 30-Jun-25 1,509,555.00 1,497,877.50 11,677.50 58,500.00 3.88%Principal Fixed Income INTL BK MTN 4.750% 7/30/29 CUSIP: 45906M5K3 Ticker: 0.95%6,050,000.0000 1.0036 30-Jun-25 6,071,659.00 6,084,115.95 -12,456.95 287,375.00 4.73%Principal INVESTMENT - DETAIL Run Date : 08/07/2025 Page 23 of 31 Multiple Accounts As Of Date : 06/30/2025 Account Information Account Number Account Name 6745046601 OCSD LONG-TERM PORTFOLIO Investment Detail Asset Type Asset Name Current Allocation Shares/Par Price Date Priced Market Value Fed Cost Unrealized Gain/Loss Est. Annual Income Yield Portfolio Fixed Income JOHN DEERE OWNER 5.090% 6/15/27 CUSIP: 47800BAC2 Ticker: JDO5027 0.28%1,806,638.8400 1.0027 30-Jun-25 1,811,480.63 1,806,498.64 4,981.99 91,957.92 5.08%Principal Fixed Income JOHN DEERE OWNER TR 4.830% 9/17/29 CUSIP: 47800DAD6 Ticker: 0.48%3,046,000.0000 1.0025 30-Jun-25 3,053,523.62 3,045,808.41 7,715.21 147,121.80 4.82%Principal Fixed Income JOHN DEERE OWNR TR 3.740% 2/16/27 CUSIP: 47800AAC4 Ticker: JDO6827 0.14%922,692.8100 0.9968 30-Jun-25 919,703.29 922,604.70 -2,901.41 34,508.71 3.75%Principal Fixed Income JPMORGAN CHASE CO 3.509% 1/23/29 CUSIP: 46647PAM8 Ticker: 1.11%7,250,000.0000 0.9795 30-Jun-25 7,101,665.00 6,868,505.00 233,160.00 254,402.50 3.58%Principal Fixed Income JPMORGAN CHASE CO 4.915% 1/24/29 CUSIP: 46647PEU6 Ticker: 1.01%6,375,000.0000 1.0134 30-Jun-25 6,460,616.25 6,375,604.20 85,012.05 313,331.25 4.85%Principal Fixed Income LEHMAN BRTH MTN ES 0.00001% 1/24/13 CUSIP: 525ESCIB7 Ticker: 0.00%600,000.0000 0.0004 30-Jun-25 240.00 314,363.98 -314,123.98 0.06 0.03%Principal Fixed Income MERCEDES BENZ 4.780% 12/17/29 CUSIP: 58773DAD6 Ticker: 0.75%4,760,000.0000 1.0132 30-Jun-25 4,822,879.60 4,758,987.55 63,892.05 227,528.00 4.72%Principal INVESTMENT - DETAIL Run Date : 08/07/2025 Page 24 of 31 Multiple Accounts As Of Date : 06/30/2025 Account Information Account Number Account Name 6745046601 OCSD LONG-TERM PORTFOLIO Investment Detail Asset Type Asset Name Current Allocation Shares/Par Price Date Priced Market Value Fed Cost Unrealized Gain/Loss Est. Annual Income Yield Portfolio Fixed Income MET LIFE GLOB MTN 1.875% 1/11/27 CUSIP: 59217GER6 Ticker: 0.89%5,920,000.0000 0.9665 30-Jun-25 5,721,680.00 5,913,251.20 -191,571.20 111,000.00 1.94%Principal Fixed Income MET TOWER MTN 1.250% 9/14/26 CUSIP: 58989V2D5 Ticker: 0.56%3,745,000.0000 0.9643 30-Jun-25 3,611,153.70 3,741,554.60 -130,400.90 46,812.50 1.30%Principal Fixed Income MORGAN STANLEY MTN 3.772% 1/24/29 CUSIP: 61744YAP3 Ticker: 0.50%3,250,000.0000 0.9857 30-Jun-25 3,203,590.00 3,170,440.00 33,150.00 122,590.00 3.83%Principal Fixed Income MORGAN STANLEY MTN 5.652% 4/13/28 CUSIP: 61747YFP5 Ticker: MSM5428 1.56%9,750,000.0000 1.0222 30-Jun-25 9,966,450.00 9,753,225.60 213,224.40 551,128.50 5.53%Principal Fixed Income OREGON ST TAXABLE GO 4.368% 5/01/28 CUSIP: 68609UNF8 Ticker: 0.16%1,000,000.0000 1.0129 30-Jun-25 1,012,890.00 1,000,000.00 12,890.00 43,680.00 4.31%Principal Fixed Income OREGON ST TAXABLE GO 4.494% 5/01/29 CUSIP: 68609UNG6 Ticker: 0.16%1,000,000.0000 1.0194 30-Jun-25 1,019,350.00 1,000,000.00 19,350.00 44,940.00 4.41%Principal Fixed Income PNC FINL SVCS GROUP 5.582% 6/12/29 CUSIP: 693475BR5 Ticker: 1.29%8,000,000.0000 1.0356 30-Jun-25 8,284,960.00 8,198,160.00 86,800.00 446,560.00 5.39%Principal INVESTMENT - DETAIL Run Date : 08/07/2025 Page 25 of 31 Multiple Accounts As Of Date : 06/30/2025 Account Information Account Number Account Name 6745046601 OCSD LONG-TERM PORTFOLIO Investment Detail Asset Type Asset Name Current Allocation Shares/Par Price Date Priced Market Value Fed Cost Unrealized Gain/Loss Est. Annual Income Yield Portfolio Fixed Income REALTY INCOME CORP 4.700% 12/15/28 CUSIP: 756109BS2 Ticker: 0.87%5,500,000.0000 1.0141 30-Jun-25 5,577,660.00 5,462,290.00 115,370.00 258,500.00 4.63%Principal Fixed Income RESOLUTION FDG STRIP 10/15/28 CUSIP: 76116EHL7 Ticker: 1.03%7,500,000.0000 0.8796 30-Jun-25 6,597,225.00 6,377,175.00 220,050.00 0.75 0.00%Principal Fixed Income RFCP STRIPS 1/15/29 CUSIP: 76116EGP9 Ticker: 1.36%10,000,000.0000 0.8691 30-Jun-25 8,691,400.00 8,052,300.00 639,100.00 1.00 0.00%Principal Fixed Income STATE STREET BANK 4.594% 11/25/26 CUSIP: 857449AC6 Ticker: 1.96%12,500,000.0000 1.0073 30-Jun-25 12,591,500.00 12,500,000.00 91,500.00 574,250.00 4.56%Principal Fixed Income T V A 3.875% 3/15/28 CUSIP: 880591EZ1 Ticker: 1.06%6,805,000.0000 1.0030 30-Jun-25 6,825,483.05 6,848,198.00 -22,714.95 263,693.75 3.86%Principal Fixed Income TOYOTA LEASE OWNER 4.750% 2/22/28 CUSIP: 89239NAD7 Ticker: 0.69%4,378,000.0000 1.0085 30-Jun-25 4,415,081.66 4,377,942.65 37,139.01 207,955.00 4.71%Principal Fixed Income TOYOTA MOTOR MTN 3.050% 3/22/27 CUSIP: 89236TJZ9 Ticker: 0.31%2,000,000.0000 0.9814 30-Jun-25 1,962,760.00 1,945,900.00 16,860.00 61,000.00 3.11%Principal INVESTMENT - DETAIL Run Date : 08/07/2025 Page 26 of 31 Multiple Accounts As Of Date : 06/30/2025 Account Information Account Number Account Name 6745046601 OCSD LONG-TERM PORTFOLIO Investment Detail Asset Type Asset Name Current Allocation Shares/Par Price Date Priced Market Value Fed Cost Unrealized Gain/Loss Est. Annual Income Yield Portfolio Fixed Income TOYOTA MTR CR MTN 1.125% 6/18/26 CUSIP: 89236TJK2 Ticker: 1.10%7,285,000.0000 0.9705 30-Jun-25 7,070,383.90 7,281,794.60 -211,410.70 81,956.25 1.16%Principal Fixed Income U S TREAS BD STRIP 8/15/29 CUSIP: 912833XP0 Ticker: 3.10%23,250,000.0000 0.8546 30-Jun-25 19,868,287.50 19,002,612.50 865,675.00 2.33 0.00%Principal Fixed Income U S TREASURY BD STRIP 11/15/29 CUSIP: 912833XT2 Ticker: 3.03%23,000,000.0000 0.8455 30-Jun-25 19,445,580.00 18,415,180.00 1,030,400.00 2.30 0.00%Principal Fixed Income U S TREASURY NT 0.750% 1/31/28 CUSIP: 91282CBJ9 Ticker: 2.92%20,200,000.0000 0.9278 30-Jun-25 18,740,954.00 18,622,664.06 118,289.94 151,500.00 0.81%Principal Fixed Income U S TREASURY NT 1.000% 7/31/28 CUSIP: 91282CCR0 Ticker: 2.45%17,000,000.0000 0.9219 30-Jun-25 15,672,470.00 15,215,664.06 456,805.94 170,000.00 1.08%Principal Fixed Income U S TREASURY NT 1.125% 10/31/26 CUSIP: 91282CDG3 Ticker: 1.43%9,500,000.0000 0.9643 30-Jun-25 9,161,230.00 9,445,859.38 -284,629.38 106,875.00 1.17%Principal Fixed Income U S TREASURY NT 1.250% 9/30/28 CUSIP: 91282CCY5 Ticker: 1.10%7,650,000.0000 0.9252 30-Jun-25 7,077,780.00 6,989,914.30 87,865.70 95,625.00 1.35%Principal INVESTMENT - DETAIL Run Date : 08/07/2025 Page 27 of 31 Multiple Accounts As Of Date : 06/30/2025 Account Information Account Number Account Name 6745046601 OCSD LONG-TERM PORTFOLIO Investment Detail Asset Type Asset Name Current Allocation Shares/Par Price Date Priced Market Value Fed Cost Unrealized Gain/Loss Est. Annual Income Yield Portfolio Fixed Income U S TREASURY NT 1.500% 1/31/27 CUSIP: 912828Z78 Ticker: 1.05%7,000,000.0000 0.9646 30-Jun-25 6,751,990.00 6,593,945.31 158,044.69 105,000.00 1.56%Principal Fixed Income U S TREASURY NT 1.500% 2/15/30 CUSIP: 912828Z94 Ticker: 2.82%20,000,000.0000 0.9049 30-Jun-25 18,098,400.00 17,929,281.26 169,118.74 300,000.00 1.66%Principal Fixed Income U S TREASURY NT 1.750% 1/31/29 CUSIP: 91282CDW8 Ticker: 1.22%8,350,000.0000 0.9342 30-Jun-25 7,800,737.00 7,326,798.83 473,938.17 146,125.00 1.87%Principal Fixed Income U S TREASURY NT 2.375% 3/31/29 CUSIP: 91282CEE7 Ticker: 1.86%12,500,000.0000 0.9528 30-Jun-25 11,910,125.00 11,737,304.69 172,820.31 296,875.00 2.49%Principal Fixed Income U S TREASURY NT 2.750% 4/30/27 CUSIP: 91282CEN7 Ticker: UST2727A 2.61%17,000,000.0000 0.9823 30-Jun-25 16,698,590.00 16,417,148.43 281,441.57 467,500.00 2.80%Principal Fixed Income U S TREASURY NT 3.125% 8/31/29 CUSIP: 91282CFJ5 Ticker: 4.18%27,475,000.0000 0.9759 30-Jun-25 26,811,753.50 26,520,807.78 290,945.72 858,593.75 3.20%Principal Fixed Income U S TREASURY NT 3.250% 6/30/27 CUSIP: 91282CEW7 Ticker: UST3227 0.46%3,000,000.0000 0.9911 30-Jun-25 2,973,180.00 2,989,218.75 -16,038.75 97,500.00 3.28%Principal INVESTMENT - DETAIL Run Date : 08/07/2025 Page 28 of 31 Multiple Accounts As Of Date : 06/30/2025 Account Information Account Number Account Name 6745046601 OCSD LONG-TERM PORTFOLIO Investment Detail Asset Type Asset Name Current Allocation Shares/Par Price Date Priced Market Value Fed Cost Unrealized Gain/Loss Est. Annual Income Yield Portfolio Fixed Income U S TREASURY NT 3.500% 1/31/30 CUSIP: 91282CGJ4 Ticker: 0.84%5,425,000.0000 0.9884 30-Jun-25 5,361,853.00 5,375,006.46 -13,153.46 189,875.00 3.54%Principal Fixed Income U S TREASURY NT 3.625% 3/31/30 CUSIP: 91282CGS4 Ticker: UST0030 1.30%8,400,000.0000 0.9929 30-Jun-25 8,339,940.00 8,273,700.02 66,239.98 304,500.00 3.65%Principal Fixed Income U S TREASURY NT 3.750% 12/31/28 CUSIP: 91282CJR3 Ticker: 2.81%18,000,000.0000 1.0009 30-Jun-25 18,016,200.00 17,688,691.40 327,508.60 675,000.00 3.75%Principal Fixed Income U S TREASURY NT 4.250% 2/28/29 CUSIP: 91282CKD2 Ticker: 0.52%3,300,000.0000 1.0176 30-Jun-25 3,358,146.00 3,329,272.77 28,873.23 140,250.00 4.18%Principal Fixed Income U S TREASURY NT 4.375% 11/30/28 CUSIP: 91282CJN2 Ticker: 2.79%17,500,000.0000 1.0208 30-Jun-25 17,864,350.00 17,832,089.84 32,260.16 765,625.00 4.29%Principal Fixed Income U S TREASURY NT 4.625% 9/30/28 CUSIP: 91282CJA0 Ticker: 1.31%8,200,000.0000 1.0277 30-Jun-25 8,427,140.00 8,453,687.50 -26,547.50 379,250.00 4.50%Principal Fixed Income UNITEDHEALTH 1.150% 5/15/26 CUSIP: 91324PEC2 Ticker: 0.61%4,000,000.0000 0.9721 30-Jun-25 3,888,240.00 3,904,703.05 -16,463.05 46,000.00 1.18%Principal INVESTMENT - DETAIL Run Date : 08/07/2025 Page 29 of 31 Multiple Accounts As Of Date : 06/30/2025 Account Information Account Number Account Name 6745046601 OCSD LONG-TERM PORTFOLIO Investment Detail Asset Type Asset Name Current Allocation Shares/Par Price Date Priced Market Value Fed Cost Unrealized Gain/Loss Est. Annual Income Yield Portfolio Fixed Income UNITEDHEALTH 5.250% 2/15/28 CUSIP: 91324PEP3 Ticker: 0.80%5,000,000.0000 1.0264 30-Jun-25 5,132,150.00 5,114,225.00 17,925.00 262,500.00 5.11%Principal Fixed Income VERIZON MASTER TR 4.490% 1/22/29 CUSIP: 92348KBG7 Ticker: 0.70%4,455,000.0000 1.0000 30-Jun-25 4,455,044.55 4,448,387.11 6,657.44 200,029.50 4.49%Principal Fixed Income VERIZON MASTER TRUST 4.510% 3/20/30 CUSIP: 92348KDY6 Ticker: 1.21%7,731,000.0000 1.0044 30-Jun-25 7,764,939.09 7,730,667.57 34,271.52 348,668.10 4.49%Principal Fixed Income VIRGINIA ELEC PWR CO 3.750% 5/15/27 CUSIP: 927804GH1 Ticker: 0.89%5,735,000.0000 0.9927 30-Jun-25 5,693,077.15 5,736,523.40 -43,446.25 215,062.50 3.78%Principal Fixed Income VOLVO FINANCIAL 4.460% 5/15/29 CUSIP: 92887TAC5 Ticker: 0.27%1,700,000.0000 1.0064 30-Jun-25 1,710,931.00 1,699,796.00 11,135.00 75,820.01 4.43%Principal Fixed Income WELLTOWER INC 4.250% 4/15/28 CUSIP: 95040QAD6 Ticker: 0.79%5,061,000.0000 1.0016 30-Jun-25 5,068,895.16 5,068,692.72 202.44 215,092.50 4.24%Principal INVESTMENT - DETAIL Run Date : 08/07/2025 Page 30 of 31 Multiple Accounts As Of Date : 06/30/2025 Account Information Account Number Account Name 6745046601 OCSD LONG-TERM PORTFOLIO Investment Detail Asset Type Asset Name Current Allocation Shares/Par Price Date Priced Market Value Fed Cost Unrealized Gain/Loss Est. Annual Income Yield Portfolio Real Estate And Other LEHMAN BRTH HLD ESC CUSIP: 525ESC0Y6 Ticker: 0.00%2,000,000.0000 -14-Oct-23 -1,012,523.50 -1,012,523.50 --Principal USD-U.S._DOLLAR Cash & Cash Equivalents 0.07%463,710.31 463,710.31 -19,570.53 4.22% Fixed Income 99.93%640,431,176.00 632,687,968.29 7,743,207.71 21,132,148.68 3.30% Real Estate And Other 0.00%-1,012,523.50 -1,012,523.50 -- Total USD-U.S._DOLLAR 100.00%640,894,886.31 634,164,202.10 6,730,684.21 21,151,719.22 3.30% Total (U.S. DOLLAR)100.00%640,894,886.66 634,164,202.10 6,730,684.54 21,151,719.15 3.30% Grand Total (U.S. DOLLAR)100.00%640,894,886.66 634,164,202.10 6,730,684.54 21,151,719.15 3.30% INVESTMENT - DETAIL Run Date : 08/07/2025 Page 31 of 31 Callan Investment Measurement Service Quarterly Review Report June 30, 2025 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 June 30, 2025 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, $15 million was distributed from the Long-Term Operating Fund and $67 million was contributed to the Liquid Operating Monies. Organizational Issues ⎯ Raman Srivastava has been appointed interim CEO of Insight Investment, succeeding Abdallah Nauphal, who will serve in an advisory capacity before departing at year-end. Adrian Grey remains CIO, providing continuity in investment leadership. While the transition raises limited concerns given Grey’s ongoing role, we will continue to monitor the situation and any potential impact on investment strategies. June 30, 2025 March 31, 2025 Market Value Weight Net New Inv.Inv. Return Market Value Weight Domestic Fixed Income Insight Long Term 645,426,249 76.93%(15,000,000)10,315,225 650,111,024 83.92%Insight Liquid 193,536,924 23.07%67,000,000 1,923,218 124,613,706 16.08% Total Fund $838,963,173 100.00%$52,000,000 $12,238,443 $774,724,730 100.00% Last Last Last Last Last 3 5 7 Quarter Year Years Years Years Domestic Fixed Income Long Term Operating Fund^1.61%6.55%3.87%1.45%2.49% Blmbg Govt/Cred 1-5 Year Idx 1.50%6.42%3.72%1.21%2.39% ML 1-5 Govt/Corp 1.49%6.42%3.75%1.27%2.42% Liquid Operating Monies^0.99%4.80%4.65%2.81%2.61% Citigroup 3-Month Treasury Bill 1.09%4.88%4.75%2.88%2.61% Total Fund 1.49%6.19%3.97%1.68%2.49% Target*1.41%6.11%3.96%1.59%2.46% 2 Orange County Sanitation District Fixed Income Market Snapshot — Fixed income markets posted modest gains in 2Q25 as interest rates remained volatile. The Bloomberg US Aggregate Bond Index rose 1.2% (+4.0% YTD), supported by safe-haven demand following the tariff-related shocks. The 10-year Treasury yield ended the quarter unchanged (4.24%) despite notable mid-quarter volatility, briefly spiking above 4.50%. TIPS were up 0.5% (+4.7% YTD), underperforming nominals as inflation breakeven rates drifted lower (the 10-year breakeven fell to 2.29% by quarter-end). — Investment grade corporate bonds outperformed Treasuries (Bloomberg Corporate: +1.8%) as spreads tightened modestly, supported by strong corporate balance sheets and robust demand for yield. High yield corporates (Bloomberg High Yield: +3.5%) outperformed investment grade, benefiting from the risk-on rally late in the quarter, and leveraged loans (S&P/LSTA Leveraged Loan Index: +2.3%) also saw renewed demand. Municipal bonds slipped further in 2Q (–0.1% QTD, –0.4% YTD), as supply pressures persisted following a weak first quarter and valuations cheapened relative to Treasuries. Investment Manager Performance — The Long-Term Operating Fund returned 1.6% in the first quarter, outperforming the ICE Corporate/Government 1-5 Year Index by 12 bps and the Bloomberg Government/Credit 1-5 Year Index by 11 bps. The Fund ranked 20th percentile in the Callan Short Term Fixed Income peer group. Over the last year, the portfolio returned 6.6%, outperforming the ICE benchmark and the Bloomberg benchmark by 13 bps. The Fund ranked 43rd percentile. — The Liquid Operating Money rose 1.0% (net) over the quarter, underperforming the Citigroup 3- Month Treasury Bill Index return by 14 bps, and ranking 87th percentile in the Callan Money Market Funds peer group. Over the last year, the portfolio returned 4.6% (net), underperforming the benchmark by 24 bps, and ranking 49th 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 June 30, 2025 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 Ca p i t a l M a r k e t R e v i e w 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 11.0% 11.1% 17.8% 3.8% 10.9% 8.5% 8.6% 8.5% 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 15.3% 15.7% 17.2% 13.7% 15.2% 15.2% 9.9% 7.7% Source: S&P Dow Jones Indices S&P Sector Returns, Quarter Ended 6/30/25 Last Quarter 18.5% 11.5% 1.1% -8.6% 5.5% -7.2% 12.9% 23.7% 3.1% -0.1% 4.3% Services Communication Discretionary Consumer Staples Consumer Energy Financials Health Care Industrials Technology Information Materials Real Estate Utilities U.S. EQUITIES Reversal of fortune leads to gains –The U.S. equity market reversed 1Q25 losses in 2Q25 as the S&P 500 Index gained 10.9%, driven by a pause in tariff implementation, continued earnings growth, and stronger than expected economic indicators. –Technology, Communication Services, Consumer Discretionary, and Industrials all gained over 10% during the quarter; Energy and Health Care performed the worst. –Market cap performance was monotonic, with large cap performing best followed by mid-cap and then small cap. –Growth outperformed value across the market cap spectrum, reversing the 1Q25 pattern and returning to the long-term trend of growth outperformance. –Strong results in 2Q25 offset poor results in 1Q25, leading to gains of 6.2% YTD for the S&P 500. Small cap weight in Russell 3000 at 25-year low –NVIDIA’s market cap (~$3.8 trillion) equals 126% of the entire Russell 2000. –Only ~28% of Russell 2000 stocks are outperforming the S&P 500 aggregate return YTD (lowest since 1998). Large cap and growth trading at ever-larger premiums –Russell 2000 Index trading at meaningful forward P/E discount (17.8x) vs. large caps (22.3x for S&P 500) even when negative and non-earners are screened out. –Russell 1000 Growth trades at 30.1x forward P/E vs. 17.2x for Russell 1000 Value; the -57% discount for value is nearly 2x the -30% long-term average Market multiples elevated –Wide valuation dispersion persists across size and style segments. –Equal-weighted and mid-and small cap indices trade near long-term relative lows. Capital Markets Overview 2Q25 Sources: FTSE Russell, S&P Dow Jones Indices Capital Markets Overview (continued) 2Q25 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 11.8% 11.5% 11.5% 12.0% 12.0% 16.9% 16.8% 12.2% 8.7% 14.2% 11.4% 12.0% 2.0% 11.1% 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 17.7% 16.2% 16.3% 17.7% 18.7% 18.3% 22.9% 17.9% 20.0% 19.1% 13.9% 15.3% 33.8% 23.9% Source: MSCI GLOBAL EQUITIES Modest edge for global ex-U.S. markets Broad market –Global ex-U.S. equities outperformed the U.S. Both had strong absolute results as tariff concerns subsided and Technology stocks led the market rally. Emerging markets –Emerging markets rose 12%, supported by a weaker U.S. dollar and strong gains in Tech and Industrials; year-to-date returns (MSCI Emerging Markets: +15.3%) are more than double those of the S&P 500. –India gained 9%, though investor caution is rising due to high valuations and slowing earnings after a multi-year rally. –China underperformed, up only 2%, with modest gains offset by weakness in Consumer Discretionary stocks. Growth vs. value –Growth outperformed value as markets favored risk, with high-volatility stocks leading the way. Technology was a standout, while quality lagged and Energy declined due to lower oil prices. U.S. dollar –The U.S. dollar posted one of its worst starts to a year since 1973, falling about 10% year to date amid trade tensions, Fed policy-easing expectations, fiscal concerns, and global efforts to reduce dollar reliance. U.S. dollar trends –The U.S. dollar has historically moved in long bull and bear cycles, with the most recent complete bear cycle occurring from 2002-08. –Since 1970, bear cycles have averaged 6.4 years while declining 40.8%. –After a long cycle of dollar strength and U.S equity dominance, a sustained weakening of the dollar could provide global ex-U.S equities with a tailwind toward relative outperformance vs. U.S. equities. Factor volatility has increased –Since 2020, volatility among factors has increased dramatically. –Value has generally outperformed growth while quality exposure has been a headwind. –The momentum factor has performed strongly in recent years as high beta growth stocks and deep value stocks have taken turns leading the market. 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 1.3% 1.7% 1.2% -0.2% 1.4% 2.3% 3.5% 0.5% 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 5.9% 6.7% 6.1% 3.3% 6.5% 7.5% 10.3% 5.8% U.S. Treasury Yield Curves U.S. FIXED INCOME With Fed on hold, yield curve steepens –The Fed held rates steady at both meetings during the quarter, citing persistent inflation and economic uncertainty. –U.S. Treasury yields were mixed, with intermediate rates declining while yields at the long end moved higher. –The yield curve steepened, with the 2s/10s spread-widening as much as 67 bps—the steepest level since the curve first inverted in 2022—before ending at 52 bps. Performance and drivers –Despite the rise in long-term rates, the Bloomberg US Aggregate Bond Index rose 1.2%, supported by the rate declines between one- and seven-year maturities. –IG corporates outperformed Treasuries on a duration- adjusted basis amid modestly tighter spreads; securitized also outperformed, though by a smaller margin. –HY and bank loans delivered the strongest returns as non- investment grade spreads tightened, though dispersion across quality tiers was relatively modest. Valuations –Corporate credit spreads widened sharply following Liberation Day but retraced in the second half, ending below 1Q levels. –New issuance slowed from 1Q, but volumes remained healthy with $396 billion in IG and $73 billion in HY, contributing to strong YTD totals. MUNICIPAL BONDS Muni yield curves steepened meaningfully –Short yields fell up to 20 bps and the long-end rose 25-30 bps within the AAA muni yield curve. –The spread between AAA 2-year bonds and 10-year bonds widened to 191 bps from 161 bps as of 1Q25. Sustained heavy issuance –YTD issuance totaled $281 billion, on pace to beat 2024, which was a record year. Municipal-to-Treasury ratios reflecting better valuations –Ratios ended 2Q near or above historical averages, suggesting better relative value for tax-exempt buyers compared to Treasuries. –Longer maturities were the cheapest portion of the market as the 30-year Muni/Treasury ratio ended at roughly 95%. Capital Markets Overview (continued) 2Q25 Sources: Bloomberg, Credit Suisse 0% 1% 2% 3% 4% 5% 6% 0 5 10 15 20 25 30 6/30/25 12/31/24 12/31/23 12/31/22 12/31/21 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 4.5% 1.6% 4.9% 7.3% 3.3% 7.6% 5.5% 1.7% 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 8.9% 6.2% 13.0% 11.2% 10.0% 13.8% 11.9% 7.8% Change in 10-Year Global Government Bond Yields GLOBAL FIXED INCOME U.S. dollar continues to weaken amid tariff uncertainty Macro environment –Global rates declined as growth expectations moved lower, while renewed U.S. tariff threats added to uncertainty. –The ECB and BOE both cut rates, citing moderating inflation, slowing economic growth, and trade policy uncertainty as drivers of the decisions. U.S. dollar weakened –Major currencies strengthened against the U.S. dollar for a second consecutive quarter as the ICE U.S. Dollar Index fell 10.7% in 1H25—its worst first-half performance since a 14.8% decline in 1973. –The Bloomberg Global Aggregate ex US Hedged Index was positive for the quarter, but the dollar weakness resulted in substantially higher returns for the Unhedged Index. Emerging market debt delivers another strong quarter –The dollar's decline also supported emerging market debt, with the local currency-denominated JPM GBI-EM Global Diversified Index returning 7.6%, outperforming the USD- denominated JPM EMBI Global Diversified Index. –Sovereign spreads initially widened on tariff concerns but tightened into quarter-end, with lower-quality debt outperforming higher-quality. Markets shrug off geopolitical noise –Fixed income markets were resilient despite geopolitical and macro headlines, including tariffs, Moody’s downgrade of the U.S., and tensions in the Middle East. –Elevated MOVE Index volatility was short-lived, ending the quarter near multi-year lows. –The yield curve steepened with 2s/10s moving 18 bps higher, continuing the two-year trend into more positive territory. Capital Markets Overview (continued) 2Q25 Sources: Bloomberg, JP Morgan 2 bps -13 bps -19 bps 31 bps -6 bps -40-39-38-37-36-35-34-33-32-31-30-29-28-27-26-25-24-23-22-21-20-19-18-17-16-15-14-13-12-11-10-9-8-7-6-5-4-3-2-101234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950 U.S. Treasury Germany U.K. Canada Japan Ac t i v e M a n a g e m e n t Active Management Ov e r v i e w 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 June 30, 2025 Re t u r n s 0% 5% 10% 15% 20% 25% 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 (49) (38) (57) (86) (54) (42) 10th Percentile 19.51 13.11 15.14 1.49 8.91 1.8425th Percentile 16.82 10.28 13.43 1.40 7.88 1.50 Median 10.87 7.49 12.06 1.29 7.44 1.08 75th Percentile 4.83 4.68 10.79 1.26 6.88 0.6190th Percentile 3.14 3.20 9.39 1.17 6.32 0.16 Index 10.94 8.50 11.78 1.21 7.37 1.20 Range of Separate Account Manager Returns by Asset Class One Year Ended June 30, 2025 Re t u r n s (5%) 0% 5% 10% 15% 20% 25% 30% Large Cap Small Cap Non-US Domestic Non-US Real Equity Equity Equity Fixed Income Fixed Income Estatevs vs vs vs vs vsS&P 500 Russell 2000 MSCI EAFE Blmbg Aggr Bd Citi Non-US Govt NCREIF Index (39) (41) (63) (95) (93) (39) 10th Percentile 18.66 12.91 26.40 6.73 15.22 8.09 25th Percentile 16.36 10.15 23.38 6.61 12.71 5.53Median 14.11 6.42 19.59 6.43 11.99 3.6075th Percentile 11.46 3.67 15.72 6.31 11.73 0.9290th Percentile 9.70 0.50 11.76 6.14 11.23 (1.41) Index 15.16 7.68 17.73 6.08 10.87 4.23 7Orange County Sanitation District Domestic Fixed Income Active Management Overview Fixed income markets posted modest gains in 2Q as interest rates remained volatile. The Bloomberg US Aggregate Bond Index rose 1.2% (+4.0% YTD), supported by safe-haven demand following the tariff-related shocks. The 10-year Treasury yield ended the quarter mostly unchanged (4.24%) despite notable mid-quarter volatility, briefly spiking above 4.5%. The belly of the curve fell while the long end rose, steepening the curve by the end of the quarter. Investment grade corporate bonds outperformed Treasuries (Bloomberg Corporate: +1.8%) as spreads tightened modestly, supported by strong corporate balance sheets and robust demand for yield. High yield corporates (Bloomberg High Yield: +3.5%) outperformed investment grade, benefiting from the risk-on rally late in the quarter. Spreads tightened modestly across the quality spectrum, reflecting broad risk-on sentiment. TIPS were up 0.5% underperforming nominals as inflation breakeven rates drifted lower (the 10-year breakeven fell to 2.3% by quarter-end). Separate Account Style Group Median Returns for Quarter Ended June 30, 2025 (1%) 0% 1% 2% 3% 4% 5% 1.45 Defensive 1.74 Intermed 1.29 CoreBond 1.57 Core Plus (0.01 ) ExtendedMaturity 2.50 BankLoans 3.70 High Yield Re t u r n s Blmbg Aggregate: 1.21% Blmbg High Yield: 3.53% Blmbg Long Gov/Cred:(0.18%) Separate Account Style Group Median Returns for One Year Ended June 30, 2025 0% 2% 4% 6% 8% 10% 12% 14% 6.44 Defensive 7.01 Intermed 6.43 Core Bond 6.96 Core Plus 3.73 Extended Maturity 7.68 Bank Loans 9.97 High Yield Re t u r n s Blmbg Aggregate: 6.08% Blmbg High Yield: 10.29% Blmbg Long Gov/Cred: 3.32% 8Orange County Sanitation District As s e t A l l o c a t i o n Asset Allocation Investment Manager Asset Allocation The table below contrasts the distribution of assets across the Fund’s investment managers as of June 30, 2025, with the distribution as of March 31, 2025. 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 June 30, 2025 March 31, 2025 Market Value Weight Net New Inv. Inv. Return Market Value Weight Domestic Fixed Income Insight Long Term 645,426,249 76.93%(15,000,000)10,315,225 650,111,024 83.92% Insight Liquid 193,536,924 23.07% 67,000,000 1,923,218 124,613,706 16.08% Total Fund $838,963,173 100.00% $52,000,000 $12,238,443 $774,724,730 100.00% *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 June 30, 2025. 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 June 30, 2025 Last Last Last Last Last 3 5 7 Quarter Year Years Years Years Domestic Fixed Income Long Term Operating Fund^ 1.61% 6.55% 3.87% 1.45% 2.49% Blmbg Govt/Cred 1-5 Year Idx 1.50% 6.42% 3.72% 1.21% 2.39% ML 1-5 Govt/Corp 1.49% 6.42% 3.75% 1.27% 2.42% Liquid Operating Monies^ 0.99% 4.80% 4.65% 2.81% 2.61% Citigroup 3-Month Treasury Bill 1.09% 4.88% 4.75% 2.88% 2.61% Total Fund 1.49% 6.19% 3.97% 1.68% 2.49% Target* 1.41% 6.11% 3.96% 1.59% 2.46% * 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 June 30, 2025. 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 June 30, 2025 Last Last Last 10 15 29-3/4 Years Years Years Domestic Fixed Income Long Term Operating Fund^ 2.03% 2.00% 3.81% Blmbg Govt/Cred 1-5 Year Idx 1.92% 1.88% 3.64% ML 1-5 Govt/Corp 1.95% 1.93% 3.67% Liquid Operating Monies^ 2.06% 1.42% 2.60% Citigroup 3-Month Treasury Bill 2.01% 1.36% 2.36% Total Fund 2.00% 1.88% 3.62% Target*1.97% 1.82% 3.41% * 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. 12/2024- 6/2025 2024 2023 2022 2021 Domestic Fixed Income Long Term Operating Fund^ 3.74% 3.89% 4.96%(4.75%) (0.79%) Blmbg Govt/Cred 1-5 Year Idx 3.56% 3.76% 4.89%(5.50%) (0.97%) ML 1-5 Govt/Corp 3.52% 3.91% 4.89%(5.54%) (0.87%) Liquid Operating Monies^ 2.06% 5.41% 5.17% 1.29% 0.15% Citigroup 3-Month Treasury Bill 2.21% 5.45% 5.26% 1.50% 0.05% Total Fund 3.45% 4.09% 5.01%(3.70%) (0.61%) Target* 3.26% 4.22% 4.97%(4.16%) (0.68%) * 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. 2020 2019 2018 2017 2016 Domestic Fixed Income Long Term Operating Fund^ 4.42% 4.70% 1.60% 1.18% 1.58% Blmbg Govt/Cred 1-5 Year Idx 4.71% 5.01% 1.38% 1.27% 1.56% ML 1-5 Govt/Corp 4.65% 5.08% 1.40% 1.28% 1.62% Liquid Operating Monies^ 0.84% 2.39% 1.90% 0.91% 0.47% Citigroup 3-Month Treasury Bill 0.58% 2.25% 1.86% 0.84% 0.27% Total Fund 3.73% 4.26% 1.72% 1.02% 1.15% Target* 3.82% 4.51% 1.49% 1.19% 1.35% * 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 0.5%1.0%1.5%2.0%2.5%3.0%3.5% 2.35% 2.40% 2.45% 2.50% 2.55% 2.60% 2.65% Total Fund Blmbg Gov/Cred 1-5 Yr ICE Corp/Gov 1-5 Yr FTSE 3 Mo T-Bill Total Fund Target 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% 2.30% 2.40% 2.50% 2.60% 2.70% 2.80% 2.90% Total Fund Callan Money Market Funds Callan Short Fixed Inc Standard Deviation Re t u r n s 15Orange County Sanitation District Ma n a g e r A n a l y s i s Manager Analysis Long Term Operating Fund Period Ended June 30, 2025 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 1.61% return for the quarter placing it in the 20 percentile of the Callan Short Term Fixed Income group for the quarter and in the 43 percentile for the last year. Long Term Operating Fund’s portfolio outperformed the ICE Corp/Gov 1-5 Yr by 0.12% for the quarter and outperformed the ICE Corp/Gov 1-5 Yr for the year by 0.13%. Quarterly Asset Growth Beginning Market Value $650,111,024 Net New Investment $-15,000,000 Investment Gains/(Losses) $10,315,225 Ending Market Value $645,426,249 Performance vs Callan Short Term Fixed Income (Gross) 0% 1% 2% 3% 4% 5% 6% 7% 8% Last Quarter Last Last 3 Years Last 5 Years Last 7 Years Last 10-1/2 Last 10 Years Last 29-3/4 Year Years Years A(20)B(30)(32) A(43)B(54)(54) A(94)B(97)(97) A(97)B(99)(99) A(91)B(93)(92)A(89)B(94)(89)A(88)B(96)(92) A(35)B(58)(53) 10th Percentile 1.70 7.04 5.56 3.21 3.37 2.85 2.92 4.2025th Percentile 1.56 6.75 4.85 2.50 3.00 2.59 2.60 3.88Median 1.45 6.44 4.49 2.28 2.84 2.31 2.33 3.70 75th Percentile 1.39 6.24 4.23 1.90 2.66 2.17 2.20 3.50 90th Percentile 1.28 5.86 3.95 1.57 2.50 1.95 1.97 3.24 Long TermOperating Fund A 1.61 6.55 3.87 1.45 2.49 2.00 2.03 3.81 Blmbg Govt/Cred 1-5 Year Idx B 1.50 6.42 3.72 1.21 2.39 1.92 1.92 3.64 ICE Corp/Gov 1-5 Yr 1.49 6.42 3.75 1.27 2.42 1.95 1.95 3.67 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% 18 2019 2020 2021 2022 2023 2024 25 Long Term Operating Fund Callan Short Term Fixed Income (Gross) Annualized Seven Year Risk vs Return 1 2 3 4 5 6 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 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% 12/24- 6/25 2024 2023 2022 2021 2020 2019 2018 2017 2016 A(6)B(13)18 A(97)B(98)97 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 10th Percentile 3.63 6.20 6.38 (1.90)0.75 5.12 5.48 2.02 2.30 2.81 25th Percentile 3.42 5.40 5.79 (2.90)0.14 4.53 4.96 1.83 1.76 2.19Median 3.20 5.04 5.39 (3.33) (0.22)3.98 4.53 1.70 1.35 1.5575th Percentile 3.08 4.69 5.05 (4.49) (0.45)3.56 4.06 1.53 0.97 1.1690th Percentile 2.80 4.27 4.82 (4.93) (0.82)2.41 3.56 1.33 0.66 1.04 Long TermOperating Fund A 3.74 3.89 4.96 (4.75) (0.79)4.42 4.70 1.60 1.18 1.58Blmbg Govt/Cred1-5 Year Idx B 3.56 3.76 4.89 (5.50) (0.97)4.71 5.01 1.38 1.27 1.56 ICE Corp/Gov1-5 Yr 3.52 3.91 4.89 (5.54) (0.87)4.65 5.08 1.40 1.28 1.62 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 2025 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 June 30, 2025 (0.4) (0.2) 0.0 0.2 0.4 0.6 0.8 1.0 1.2 Alpha Sharpe Excess Return Ratio Ratio A(90)B(92)A(90)B(92) A(86) B(99) 10th Percentile 0.93 0.28 0.5825th Percentile 0.56 0.19 0.44 Median 0.38 0.12 0.31 75th Percentile 0.21 0.05 0.23 90th Percentile 0.04 (0.02)0.09 Long Term Operating Fund A 0.05 (0.02)0.16 Blmbg Govt/Cred 1-5 Year Idx B (0.03) (0.05) (0.24) 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 June 30, 2025 (1) 0 1 2 3 4 5 6 Average Effective Coupon OA Duration Life Yield Rate Convexity (7)(12)(22)(27) (97) (94)(94) (16)(6) 10th Percentile 2.61 3.42 4.93 4.98 0.0625th Percentile 2.10 2.84 4.66 4.63 0.05Median 1.92 2.34 4.33 4.30 0.02 75th Percentile 1.84 2.05 4.22 3.86 (0.07) 90th Percentile 1.52 1.74 4.08 3.60 (0.25) Long Term Operating Fund 2.63 2.87 - 3.40 0.06 ICE Corp/Gov 1-5 Yr 2.60 2.82 3.99 3.42 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 June 30, 2025 0%10%20%30%40%50%60%70%80% US Trsy 37.6 26.1 65.1 Corp (incl 144A) 26.1 50 % Mg r M V 50 % Mg r M V 46.527.5 ABS 14.5 18.5 Gov Related 10.1 0.5 7.3 CMBS 9.1 4.7 Other 1.9 Tax-Exempt US Muni 0.3 Cash 0.2 0.7 CMOs 0.2 0.5 RMBS 2.5 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 (56)(56) 10th Percentile AA25th Percentile AAMedian AA 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 June 30, 2025 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 38% Cash 0% Corp (incl 144A) 26% CMOs0% ABS 15% Tax-Exempt US Muni 0% Gov Related 10% Other 2% CMBS 9% ML:Corp/Gov 1-5 Yr US Trsy 65% Gov Related7% Corp (incl 144A)28% Duration Distribution 0% 10% 20% 30% 40% 50% 60% 70% 80% <1 7.1 2.5 1-3 52.2 61.2 3-5 40.7 36.4 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: 2.63 2.60 Quality Distribution 0% 20% 40% 60% 80% 100% AAA 16.4 3.3 AA 60.8 70.3 A 22.7 13.7 BBB 0.0 12.6 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 0.2 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 June 30, 2025 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 0.95% return for the quarter placing it in the 87 percentile of the Callan Money Market Funds group for the quarter and in the 49 percentile for the last year. Liquid Operating Money Net’s portfolio underperformed the Citigroup 3-Month Treasury Bill by 0.14% for the quarter and underperformed the Citigroup 3-Month Treasury Bill for the year by 0.24%. Quarterly Asset Growth Beginning Market Value $124,613,706 Net New Investment $67,000,000 Investment Gains/(Losses) $1,923,218 Ending Market Value $193,536,924 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 10-1/2 Last 10 Years Last 29-3/4 Year Years Years (87)(32) (49)(35) (47)(29) (48)(20) (35)(25) (28)(22)(29)(23) (10)(15) 10th Percentile 1.29 5.71 5.28 3.05 2.91 2.33 2.39 2.4525th Percentile 1.15 5.27 4.85 2.81 2.59 1.84 1.94 2.27 Median 1.04 4.63 4.47 2.65 2.34 1.67 1.76 2.17 75th Percentile 0.99 4.41 4.28 2.54 2.22 1.58 1.66 2.07 90th Percentile 0.92 4.20 4.02 2.36 2.04 1.46 1.52 1.94 Liquid Operating Money Net 0.95 4.64 4.50 2.66 2.46 1.82 1.90 2.44 Citigroup 3-MonthTreasury Bill 1.09 4.88 4.75 2.88 2.61 1.92 2.01 2.36 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% 18 2019 2020 2021 2022 2023 2024 25 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% 4.5% 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% 12/24- 6/25 2024 2023 2022 2021 2020 2019 2018 2017 2016 7934 3628 4630 6117 8822 2426 2727 2312 3530 2932 10th Percentile 2.59 6.18 6.22 1.57 0.19 1.70 3.20 1.89 1.42 1.3225th Percentile 2.36 5.58 5.49 1.43 0.03 0.62 2.32 1.72 0.91 0.39Median 2.10 5.15 4.98 1.27 0.01 0.34 1.96 1.53 0.61 0.14 75th Percentile 2.00 4.92 4.75 0.38 0.01 0.27 1.76 1.31 0.42 0.05 90th Percentile 1.87 4.65 4.57 (0.95) (0.03)0.19 1.50 1.05 0.23 0.01 Liquid Operating Money Net 1.98 5.26 5.02 1.14 (0.00)0.69 2.24 1.75 0.76 0.32 Citigroup 3-MonthTreasury Bill 2.21 5.45 5.26 1.50 0.05 0.58 2.25 1.86 0.84 0.27 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 2025 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 June 30, 2025 (5) (4) (3) (2) (1) 0 1 Alpha Sharpe Excess Return Ratio Ratio (8)(35) (34) 10th Percentile (0.08)0.21 0.23 25th Percentile (0.19)0.04 (0.01) Median (0.31) (0.18) (2.72) 75th Percentile (0.44) (0.31) (3.38)90th Percentile (0.73) (0.48) (3.67) Liquid Operating Money Net (0.06) (0.07) (0.90) 22Orange County Sanitation District De f i n i t i o n s 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 Di s c l o s u r e s 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 June 30, 2025 June 30, 2025 Manager Name Aberdeen 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 Antares Capital LP Apollo Global Management, Inc. AQR Capital Management Ares Management LLC ARGA Investment Management, LP Ariel Investments, LLC Aristotle Capital Management, LLC Atlanta Capital Management Co., LLC Manager Name Baillie Gifford International, LLC Baird Advisors Barings LLC Baron Capital Management, Inc. Barrow, Hanley, Mewhinney & Strauss, LLC Black Creek Investment Management Inc. 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. Brown Brothers Harriman & Company Brown Investment Advisory & Trust Company Capital Group June 30, 2025 Manager Name CastleArk Management, LLC Centerbridge Partners, L.P. Cercano Management LLC CIBC Asset Management CIM Group, LP ClearBridge Investments, LLC Cohen & Steers Capital Management, Inc. Columbia Threadneedle Investments Comgest Comvest Partners Crescent Capital Group LP Dana Investment Advisors, Inc. DePrince, Race & Zollo, Inc. Dimensional Fund Advisors L.P. DoubleLine DWS EARNEST Partners, LLC Fayez Sarofim & Company Federated Hermes, Inc. Fengate Asset Management Fidelity Institutional Asset Management Fiera Capital Corporation First Eagle Investment Management, LLC First Hawaiian Bank Wealth Management Division Fisher Investments Fortress Investment Group 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 Impax Asset Management LLC Manager Name Income Research + Management Insight Investment Invesco I Squared Capital Advisors (US) LLC J.P. Morgan Janus Jennison Associates LLC Jobs Peak Advisors Kayne Anderson Capital Advisors LP Kayne Anderson Rudnick Investment Management, LLC King Street Capital Management, L.P. Lazard Asset Management LGIM America Lincoln National Corporation Longview Partners Loomis, Sayles & Company, L.P. Lord, Abbett & Co. LSV Asset Management MacKay Shields LLC Mackenzie Investments Macquarie Asset Management Man Group Manulife 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 Newton Investment Management New York Life Investment Management LLC (NYLIM) Ninety One North America, Inc. Nomura Capital Management, LLC Northern Trust Asset Management Nuveen Oak Hill Advisors, L.P. June 30, 2025 Manager Name Oaktree Capital Management, L.P. ORIX Corporation USA P/E Investments Pacific Investment Management Company Pantheon Ventures 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 Polen Capital Management, LLC PPM America, Inc. Pretium Partners, LLC Principal Asset Management Raymond James Investment Management RBC Global Asset Management Regions Financial Corporation Robeco Institutional Asset Management, US Inc. Sands Capital Management Schroder Investment Management North America Inc. Segall Bryant & Hamill Manager Name Silver Point Capital, LP SLC Management Star Mountain Capital, LLC State Street Investments Managers Strategic Global Advisors, LLC TD Global Investment Solutions – TD Epoch T. Rowe Price Associates, Inc. The Carlyle Group The D.E. Shaw Group The TCW Group, Inc. Thompson, Siegel & Walmsley LLC TPG Angelo Gordon VanEck Victory Capital Management Inc. Virtus Investment Partners, Inc. Vontobel Asset Management, Inc. Voya Walter Scott & Partners Limited Wasatch Global Investors WCM Investment Management Wellington Management Company LLP Western Asset Management Company LLC Westfield Capital Management Company, L.P. 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. 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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. 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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 6/1/2025 $74,960,512 $74,960,512 $74,960,512 4.27 4.27 Deposits: - - - 4.27 4.27 Total Deposits - - - 4.27 4.27 Quarterly Interest Distribution - - - 4.27 4.27 Withdrawals: 6/23/2025 (5,300,000) (5,300,000) (5,300,000) 4.27 4.27 6/24/2025 (7,400,000) (7,400,000) (7,400,000) 4.27 4.27 Total Withdrawals (12,700,000) (12,700,000) (12,700,000) 4.27 4.27 Balance 6/30/2025 $62,260,512 $62,260,512 $62,260,512 4.27 4.27 Orange County Sanitation District Investment Transactions and Balances in the State of California Local Agency Investment Fund June 30, 2025 BNY Mellon Owner Controlled Insurance Program Escrow Account Current Period Year-to-Date Go Paperless. Securely access your accounts online to view your statements. Ask your BNY contact how we can help you access your account balances and activity in real time, receive your reports, enter your own transactions or submit an audit confirmation online. Also be sure to ask how NEXEN(SM) Gateway, our cloud-based ecosystem, can help you. Visit us at www.bny.com CLIENT SERVICE MANAGER: ROSS KEGLER Percent of all Investments Asset Classification Market Value 100%TOTAL OF ALL INVESTMENTS 250,000.00 Estimated Market Asset Classification Market Value Cost Accrued Income Annual Income Yield ACCOUNT TOTALS 250,000.00 250,000.00 0.00 0.00 0.00 % Realized Transaction Category Income Principal Gains/Losses Income Principal OPENING BALANCE 2,403.62- 252,403.62 2,403.62- 252,403 .62 CLOSING BALANCE 2,403.62- 252,403.62 0.00 2,403.62- 252,403 .62 Account Statement Account Overview Summary of Assets Held by Asset Classification Summary of Cash Transactions by Transaction Category Statement Period 06/01/2025 Through 06/30/2025 Account 00300282 Base Currency = USD OCSD LIBERTY MUTUAL 240 GREENWICH ST NEW YORK, NY 10286 +12128152716 ROSS.B.KEGLER@BNYMELLON.COM 100%CASH AND SHORT TERM 250,000.00 CASH AND SHORT TERM 250,000.00 250,000.00 0.00 0.00 0.00 % The above cash transactions summary is provided for information purposes only and may not reflect actual taxable income or deductible expenses as reportable under the Internal Revenue Code. No Transactions This Period Accrued Estimated Market Shares/Par Value Asset Description Market Price Market Value Cost Average Cost Income Income Yield Realized Transaction Date Transaction Description Income Principal Cost Gains/Losses Statement Period 06/01/2025 Through 06/30/2025 Statement of Assets Held by Asset Classification Statement of Transactions by Transaction Date Account 00300282 Base Currency = USD OCSD LIBERTY MUTUAL CASH BALANCE 250,000.00 250,000.00 0.00000 0.00 0.00 0.00% Total Market Value Plus Total Accrued Income 250,000.00 Cumulative realized capital gain and loss position from 12/31/2024 for securities held in principal of account: Short Term: 0.00 * Long Term: 0.00 * * The above gain and loss position does not include transactions where tax cost information is incomplete or unavailable. CASH AND SHORT TERM Total CASH AND SHORT TERM 250,000.00 250,000.00 0.00 0.00 0.00% ACCOUNT TOTALS 250,000.00 250,000.00 0.00 0.00 0.00% Page 2 of 2 e 1 2 5 1 6 2 n 1 1 1 3 9 0 a 0 1 t D O M i W I s 5 5 6 , 8 2 5 PARS Section 115 Trust Account Report ORANGE COUNTY SANITATION DISTRICT PARS Post-Employment Benefits Trust 6/1/2025 to 6/30/2025 Robert Thompson General ManagerOrange County Sanitation District10844 Ellis Ave. Fountain Valley, CA 92708 Account Summary Source 6/1/2025 Contributions Earnings Expenses Distributions Transfers 6/30/2025 OC SAN A1 1128 $11,100,080.56 $0.00 $337,637.97 $4,033.05 $0.00 $0.00 $11,433,685.48 OC SAN B1 1129 $5,673,769.85 $0.00 $189,299.90 $2,063.97 $0.00 $0.00 $5,861,005.78 Totals $16,773,850.41 $0.00 $526,937.87 $6,097.02 $0.00 $0.00 $17,294,691.26 Investment Selection Source OC SAN A1 OC SAN B1 Investment Objective Source OC SAN A1 OC SAN B1 Investment Return Source 1-Month 3-Months 1-Year 3-Years 5-Years 10-Years OC SAN A1 3.04%5.63%10.05%9.86%--1/14/2022 OC SAN B1 3.34%6.51%10.80%11.10%--1/14/2022 Information as provided by US Bank, Trustee for PARS; Not FDIC Insured; No Bank Guarantee; May Lose Value Headquarters - 4350 Von Karman Ave., Suite 100, Newport Beach, CA 92660 800.540.6369 Fax 949.250.1250 www.pars.org Account balances are inclusive of Trust Administration, Trustee and Investment Management fees Annualized Return Investment Return: Annualized rate of return is the return on an investment over a period other than one year multiplied or divided to give a comparable one-year return. Past performance does not guarantee future results. Performance returns may not reflect the deduction of applicable fees, which could reduce returns. Information is deemed reliable but may be subject to change. Individual account based on Balanced - Strategic Blend. The dual goals of the Balanced Strategy are growth of principal and income. While dividend and interest income are an important component of the objective's total return, it is expected that capital appreciation will comprise a larger portion of the total return. The portfolio will be allocated between equity and fixed income investments. Account Report for the Period Balance as of Orange County SD - PEN A1 Balance as of Individual account based on Moderate - Strategic Blend. The dual goals of the Moderate Strategy are growth of principal and income. It is expected that dividend and interest income will comprise a significant portion of total return, although growth through capital appreciation is equally important. The portfolio will be allocated between equity and fixed income investments. Orange County SD - PEN B1 Plan's Inception Date PARS - U.S. Bank Investment Detail Multiple Accounts As Of Date : 06/30/2025 Account Information Account Number Account Name 6746065800 PARS/OC SANITATION 115P-A1 Investment Detail Asset Type Asset Name Current Allocation Shares/Par Price Date Priced Market Value Fed Cost Unrealized Gain/Loss Est. Annual Income Yield Portfolio USD-U.S._DOLLAR Cash & Cash Equivalents FIRST AM GOVT OB FD CL X CUSIP: 31846V336 Ticker: FGXXX 2.42%276,703.5600 1.0000 30-Jun-25 276,703.56 276,703.56 -11,788.75 4.26%Principal Mutual/Collective Funds BAIRD AGGREGATE BOND FD INSTL CUSIP: 057071854 Ticker: BAGIX 13.02%150,970.4950 9.8500 30-Jun-25 1,487,059.38 1,457,902.53 29,156.85 60,388.20 4.06%Principal Mutual/Collective Funds COHEN & STEERS INSTL REALTY SHARES CUSIP: 19247U106 Ticker: CSRIX 2.32%5,372.1740 49.2700 30-Jun-25 264,687.01 274,141.43 -9,454.42 8,036.77 3.04%Principal Mutual/Collective Funds COLUMBIA CONTRARIAN CORE FUND CUSIP: 19766M709 Ticker: COFYX 7.79%22,930.1620 38.8000 30-Jun-25 889,690.29 788,177.24 101,513.05 5,801.33 0.65%Principal Mutual/Collective Funds COLUMBIA SMALL CAP GROWTH INST3 CUSIP: 19765Y340 Ticker: CSGYX 0.37%1,408.8900 30.2800 30-Jun-25 42,661.19 38,772.65 3,888.54 --Principal Mutual/Collective Funds DODGE COX INCOME CUSIP: 256210105 Ticker: DODIX 8.00%72,278.4450 12.6400 30-Jun-25 913,599.54 904,901.94 8,697.60 38,596.69 4.22%Principal Mutual/Collective Funds EMERALD GROWTH INSTITUTIONAL CUSIP: 317609253 Ticker: FGROX 0.35%1,479.9720 27.1600 30-Jun-25 40,196.04 32,092.08 8,103.96 1,000.46 2.49%Principal INVESTMENT - DETAIL Run Date : 08/07/2025 Page 1 of 8 Multiple Accounts As Of Date : 06/30/2025 Account Information Account Number Account Name 6746065800 PARS/OC SANITATION 115P-A1 Investment Detail Asset Type Asset Name Current Allocation Shares/Par Price Date Priced Market Value Fed Cost Unrealized Gain/Loss Est. Annual Income Yield Portfolio Mutual/Collective Funds FIDELITY INTERNATIONAL INDEX FUND CUSIP: 315911727 Ticker: FSPSX 3.28%6,537.2120 57.3300 30-Jun-25 374,778.36 325,982.40 48,795.96 10,171.90 2.71%Principal Mutual/Collective Funds GOLDMAN SACHS GQG PTNRS INTL OPPS R6 CUSIP: 38147N269 Ticker: GSIYX 1.24%6,266.5160 22.6500 30-Jun-25 141,936.59 141,878.85 57.74 2,832.47 2.00%Principal Mutual/Collective Funds HARTFORD SCHRODERS EMERGING MARKETS CUSIP: 41665X859 Ticker: HHHFX 2.53%15,214.7020 19.0100 30-Jun-25 289,231.49 248,715.36 40,516.13 3,377.66 1.17%Principal Mutual/Collective Funds ISHARES CORE U.S. AGGREGATE BOND ETF CUSIP: 464287226 Ticker: AGG 11.00%12,666.0000 99.2000 30-Jun-25 1,256,467.20 1,234,256.11 22,211.09 47,598.83 3.79%Principal Mutual/Collective Funds LAZARD CL LIST INFRASTR INST CUSIP: 52106N459 Ticker: GLIFX 1.37%8,743.4900 17.9600 30-Jun-25 157,033.08 145,466.59 11,566.49 4,328.03 2.76%Principal Mutual/Collective Funds MFS INTERNATIONAL GROWTH R6 CUSIP: 552746356 Ticker: MGRDX 1.27%3,039.1450 47.7900 30-Jun-25 145,240.74 123,202.81 22,037.93 2,133.48 1.47%Principal Mutual/Collective Funds NYLI CBRE GLOBAL INFRASTRUCTURE CUSIP: 56064L280 Ticker: VCRQX 1.25%10,026.5660 14.2700 30-Jun-25 143,079.10 131,036.83 12,042.27 3,058.10 2.14%Principal INVESTMENT - DETAIL Run Date : 08/07/2025 Page 2 of 8 Multiple Accounts As Of Date : 06/30/2025 Account Information Account Number Account Name 6746065800 PARS/OC SANITATION 115P-A1 Investment Detail Asset Type Asset Name Current Allocation Shares/Par Price Date Priced Market Value Fed Cost Unrealized Gain/Loss Est. Annual Income Yield Portfolio Mutual/Collective Funds NYLI MACKAY HIGH YIELD CORP BD FD R6 CUSIP: 56063N881 Ticker: MHYSX 2.22%48,657.9390 5.2100 30-Jun-25 253,507.86 250,220.85 3,287.01 15,813.83 6.24%Principal Mutual/Collective Funds PGIM TOTAL RETURN BOND CL R6 CUSIP: 74440B884 Ticker: PTRQX 8.90%84,386.1380 12.0400 30-Jun-25 1,016,009.10 1,076,425.91 -60,416.81 48,100.10 4.73%Principal Mutual/Collective Funds PUTNAM CORE EQUITY FUND Y CUSIP: 74676P839 Ticker: PMYYX 3.35%8,480.3750 45.1800 30-Jun-25 383,143.34 368,012.63 15,130.71 2,671.32 0.70%Principal Mutual/Collective Funds SCHWAB U S LARGE CAP ETF CUSIP: 808524201 Ticker: SCHX 23.84%111,426.0000 24.4400 30-Jun-25 2,723,251.44 2,546,060.71 177,190.73 31,979.26 1.17%Principal Mutual/Collective Funds UNDISCOVERED MGRS BEHAVIORAL VALUE CUSIP: 904504479 Ticker: UBVFX 1.05%1,456.4640 82.1100 30-Jun-25 119,590.26 111,004.57 8,585.69 2,417.73 2.02%Principal Mutual/Collective Funds VOYA INTERMEDIATE BOND FUND CLASS R6 CUSIP: 92913L569 Ticker: IIBZX 4.41%57,312.4180 8.7900 30-Jun-25 503,776.15 503,742.62 33.53 24,185.84 4.80%Principal USD-U.S._DOLLAR Cash & Cash Equivalents 2.42%276,703.56 276,703.56 -11,788.75 4.26% Mutual/Collective Funds 97.58%11,144,938.16 10,701,994.11 442,944.05 312,492.00 2.80% INVESTMENT - DETAIL Run Date : 08/07/2025 Page 3 of 8 Multiple Accounts As Of Date : 06/30/2025 Account Information Account Number Account Name 6746065800 PARS/OC SANITATION 115P-A1 Investment Detail Asset Type Asset Name Current Allocation Shares/Par Price Date Priced Market Value Fed Cost Unrealized Gain/Loss Est. Annual Income Yield Portfolio Total USD-U.S._DOLLAR 100.00%11,421,641.72 10,978,697.67 442,944.05 324,280.75 2.84% Total (U.S. DOLLAR)100.00%11,421,641.72 10,978,697.67 442,944.05 324,280.75 2.84% Grand Total (U.S. DOLLAR)100.00%11,421,641.72 10,978,697.67 442,944.05 324,280.75 2.84% INVESTMENT - DETAIL Run Date : 08/07/2025 Page 4 of 8 Multiple Accounts As Of Date : 06/30/2025 Account Information Account Number Account Name 6746065801 PARS/OC SANITATION 115P-B1 Investment Detail Asset Type Asset Name Current Allocation Shares/Par Price Date Priced Market Value Fed Cost Unrealized Gain/Loss Est. Annual Income Yield Portfolio USD-U.S._DOLLAR Cash & Cash Equivalents FIRST AM GOVT OB FD CL X CUSIP: 31846V336 Ticker: FGXXX 2.20%128,697.2600 1.0000 30-Jun-25 128,697.26 128,697.26 -5,483.05 4.26%Principal Mutual/Collective Funds BAIRD AGGREGATE BOND FD INSTL CUSIP: 057071854 Ticker: BAGIX 10.14%60,290.0990 9.8500 30-Jun-25 593,857.48 582,194.78 11,662.70 24,116.04 4.06%Principal Mutual/Collective Funds COHEN & STEERS INSTL REALTY SHARES CUSIP: 19247U106 Ticker: CSRIX 2.78%3,305.6730 49.2700 30-Jun-25 162,870.51 169,518.90 -6,648.39 4,945.29 3.04%Principal Mutual/Collective Funds COLUMBIA CONTRARIAN CORE FUND CUSIP: 19766M709 Ticker: COFYX 9.47%14,284.0100 38.8000 30-Jun-25 554,219.59 491,448.40 62,771.19 3,613.85 0.65%Principal Mutual/Collective Funds COLUMBIA SMALL CAP GROWTH INST3 CUSIP: 19765Y340 Ticker: CSGYX 0.45%866.4360 30.2800 30-Jun-25 26,235.68 23,844.32 2,391.36 --Principal Mutual/Collective Funds DODGE COX INCOME CUSIP: 256210105 Ticker: DODIX 6.26%28,984.4140 12.6400 30-Jun-25 366,362.99 363,119.64 3,243.35 15,477.68 4.22%Principal Mutual/Collective Funds EMERALD GROWTH INSTITUTIONAL CUSIP: 317609253 Ticker: FGROX 0.42%910.1320 27.1600 30-Jun-25 24,719.19 19,741.67 4,977.52 615.25 2.49%Principal INVESTMENT - DETAIL Run Date : 08/07/2025 Page 5 of 8 Multiple Accounts As Of Date : 06/30/2025 Account Information Account Number Account Name 6746065801 PARS/OC SANITATION 115P-B1 Investment Detail Asset Type Asset Name Current Allocation Shares/Par Price Date Priced Market Value Fed Cost Unrealized Gain/Loss Est. Annual Income Yield Portfolio Mutual/Collective Funds FIDELITY INTERNATIONAL INDEX FUND CUSIP: 315911727 Ticker: FSPSX 3.97%4,052.6740 57.3300 30-Jun-25 232,339.80 202,186.97 30,152.83 6,305.96 2.71%Principal Mutual/Collective Funds GOLDMAN SACHS GQG PTNRS INTL OPPS R6 CUSIP: 38147N269 Ticker: GSIYX 1.50%3,872.0180 22.6500 30-Jun-25 87,701.21 87,572.44 128.77 1,750.15 2.00%Principal Mutual/Collective Funds HARTFORD SCHRODERS EMERGING MARKETS CUSIP: 41665X859 Ticker: HHHFX 3.02%9,302.5570 19.0100 30-Jun-25 176,841.61 152,357.07 24,484.54 2,065.17 1.17%Principal Mutual/Collective Funds ISHARES CORE U.S. AGGREGATE BOND ETF CUSIP: 464287226 Ticker: AGG 9.35%5,518.0000 99.2000 30-Jun-25 547,385.60 537,876.20 9,509.40 20,736.64 3.79%Principal Mutual/Collective Funds LAZARD CL LIST INFRASTR INST CUSIP: 52106N459 Ticker: GLIFX 1.59%5,183.6430 17.9600 30-Jun-25 93,098.23 86,240.91 6,857.32 2,565.90 2.76%Principal Mutual/Collective Funds MFS INTERNATIONAL GROWTH R6 CUSIP: 552746356 Ticker: MGRDX 1.45%1,779.6260 47.7900 30-Jun-25 85,048.33 72,064.01 12,984.32 1,249.30 1.47%Principal Mutual/Collective Funds NYLI CBRE GLOBAL INFRASTRUCTURE CUSIP: 56064L280 Ticker: VCRQX 1.50%6,140.5450 14.2700 30-Jun-25 87,625.58 80,268.57 7,357.01 1,872.87 2.14%Principal INVESTMENT - DETAIL Run Date : 08/07/2025 Page 6 of 8 Multiple Accounts As Of Date : 06/30/2025 Account Information Account Number Account Name 6746065801 PARS/OC SANITATION 115P-B1 Investment Detail Asset Type Asset Name Current Allocation Shares/Par Price Date Priced Market Value Fed Cost Unrealized Gain/Loss Est. Annual Income Yield Portfolio Mutual/Collective Funds NYLI MACKAY HIGH YIELD CORP BD FD R6 CUSIP: 56063N881 Ticker: MHYSX 1.72%19,361.2840 5.2100 30-Jun-25 100,872.29 99,564.37 1,307.92 6,292.42 6.24%Principal Mutual/Collective Funds PGIM TOTAL RETURN BOND CL R6 CUSIP: 74440B884 Ticker: PTRQX 7.04%34,245.0180 12.0400 30-Jun-25 412,310.02 436,079.12 -23,769.10 19,519.66 4.73%Principal Mutual/Collective Funds PUTNAM CORE EQUITY FUND Y CUSIP: 74676P839 Ticker: PMYYX 4.02%5,215.3080 45.1800 30-Jun-25 235,627.62 226,444.59 9,183.03 1,642.82 0.70%Principal Mutual/Collective Funds SCHWAB U S LARGE CAP ETF CUSIP: 808524201 Ticker: SCHX 28.53%68,354.0000 24.4400 30-Jun-25 1,670,571.76 1,561,957.22 108,614.54 19,617.60 1.17%Principal Mutual/Collective Funds UNDISCOVERED MGRS BEHAVIORAL VALUE CUSIP: 904504479 Ticker: UBVFX 1.15%820.8650 82.1100 30-Jun-25 67,401.23 62,203.33 5,197.90 1,362.64 2.02%Principal Mutual/Collective Funds VOYA INTERMEDIATE BOND FUND CLASS R6 CUSIP: 92913L569 Ticker: IIBZX 3.44%22,924.9670 8.7900 30-Jun-25 201,510.46 201,497.05 13.41 9,674.34 4.80%Principal USD-U.S._DOLLAR Cash & Cash Equivalents 2.20%128,697.26 128,697.26 -5,483.05 4.26% Mutual/Collective Funds 97.80%5,726,599.15 5,456,179.56 270,419.59 143,423.57 2.50% INVESTMENT - DETAIL Run Date : 08/07/2025 Page 7 of 8 Multiple Accounts As Of Date : 06/30/2025 Account Information Account Number Account Name 6746065801 PARS/OC SANITATION 115P-B1 Investment Detail Asset Type Asset Name Current Allocation Shares/Par Price Date Priced Market Value Fed Cost Unrealized Gain/Loss Est. Annual Income Yield Portfolio Total USD-U.S._DOLLAR 100.00%5,855,296.41 5,584,876.82 270,419.59 148,906.62 2.54% Total (U.S. DOLLAR)100.00%5,855,296.41 5,584,876.82 270,419.62 148,906.62 2.54% Grand Total (U.S. DOLLAR)100.00%5,855,296.41 5,584,876.82 270,419.62 148,906.62 2.54% INVESTMENT - DETAIL Run Date : 08/07/2025 Page 8 of 8 BOARD OF DIRECTORS Agenda Report Headquarters 18480 Bandilier Circle Fountain Valley, CA 92708 (714) 593-7433 File #:2025-4421 Agenda Date:8/27/2025 Agenda Item No:4. 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: A. Receive and file Orange County Sanitation District (OC San) purchases made under the General Manager’s authority for the period of April 1, 2025 to June 30, 2025; and B. Approve the following additions to the pre-approved Original Equipment Manufacturer (OEM) Sole Source List: ·MEGGER - TAU3 Basic Multifunction Transformer Test Set ·FLO-SERVICES, INC. - Hidrostal Pump Repairs and Services ·LUFKIN GEARS - Parts and Repairs for High-Speed Gearboxes 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. The 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 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 8/20/2025Page 1 of 8 powered by Legistar™ File #:2025-4421 Agenda Date:8/27/2025 Agenda Item No:4. 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 fourth quarter of fiscal year 2024-25: Vendor Name Amount Department Description/Discussion ACCURATE ENVIRONMENTAL SERVICES INC $57,006.50 Environmental Services Ammonia Slip Test and Compliance Source Engines Emissions Testing at Plant No. 1 Informal Bid 139107-OR ALPHA ANALYTICAL LABORATORIES, INC. $86,135.00 Environmental Services Blanket PO for Outside Contract Laboratory Testing Services for Special Projects 07/01/2025 - 06/30/2026 w/ Four (4) Optional One-Year Renewal Periods Specification No. S-2025-677 BAY CITY INDUSTRIAL SUPPLY $94,380.00 Operations & Maintenance Purchase of One (1) H3SH, Size 14 Gearbox and Oil Supply System Specification No. E- 2025-680BD BEAMEX, INC $70,950.00 Operations & Maintenance Purchase of Two (2) MC6-Ex Field Calibrators, Two (2) PGC Calibration Pumps, and Two (2) EXT160-IS External Modules Board Approved OEM Sole Source List M.O. 8/22/18 Item 7 (B) BEC BUILDING ELECTRONIC CONTROLS INC $140,000.00 Operations & Maintenance Convenience Blanket PO for Fire Alarm Call Out and VESDA Maintenance 07/01/2025 - 06/30/2026 GM Article 2, Section 2.2 (b) (1) BIG SKY ELECTRIC, INC. $90,700.00 Operations & Maintenance Replacement of Gas Compressor #1 Cable at Plant No. 1 Informal Bid 140572-OR BIG SKY ELECTRIC, INC. $140,000.00 Operations & Maintenance Convenience Blanket PO for On-Call Electrical Maintenance and Support Services 04/28/2025 - 12/31/2025 GM Article 2, Section 2.2 (b) (1) C.E. MECHANICAL, INC. $100,000.00 Operations & Maintenance Annual Convenience Blanket PO for HVAC Services & Repairs for District Wide Facilities 07/01/2025 - 06/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) CARAHSOFT TECHNOLOGY CORPORATION $74,517.80 Administrative Services ServiceNow System Administration Services via Beyond 20 7/1/2025 - 6/30/2026 NASPO Cloud Solutions Contract # AR2472, in Accordance with Ordinance OC SAN-61 Section 2.03 (B) Cooperative Purchases CARAHSOFT TECHNOLOGY CORPORATION $80,903.04 Administrative Services Purchase of MuleSoft Anypoint Platform Licenses 7/1/2025 - 6/30/2026 NASPO Cloud Solutions Contract # AR2472, in Accordance with Ordinance OC SAN-61 Section 2.03 (B) Cooperative Purchases CARAHSOFT TECHNOLOGY CORPORATION $100,598.40 Administrative Services Software Consulting Services for Anaplan 6/1/2025 - 9/15/2026 NASPO Cloud Solutions Contract # AR2472, in Accordance with Ordinance OC SAN-61 Section 2.03 (B) Cooperative Purchases CARAHSOFT TECHNOLOGY CORPORATION $101,270.68 Administrative Services Primavera Upgrade to Cloud, Phase 2 Integration Using MuleSoft 6/1/2025 - 7/27/2025 Board Approved OEM Sole Source List M.O. 5/28/25 Item 13 (C) CARRIER CORPORATION $91,592.00 Administrative Services Replacement of Two (2) Condenser Coils for Lab Chillers at Plant No. 1 Board Approved OEM Sole Source List M.O. 5/25/22 Item 15 (B) CARRIER CORPORATION $115,704.00 Operations & Maintenance Replacement of Fan and Duct at Plant No. 2 EPSA Building Sourcewll Contract # 080824- CAR in Accordance with Ordinance OC SAN- 61 Section 2.03 (B) Cooperative Purchases CLIMATEC, LLC $90,000.00 Administrative Services Convenience Blanket PO for Services and Repairs for HVAC Systems 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) COOPER MACHINERY SERVICES LLC $74,655.44 Administrative Services Stock Item Purchase of One (1) Pawl and One (1) Bearing Pillow Board Approved OEM Sole Source List M.O. 8/23/17 Item 9 (B) CORNERSTONE ONDEMAND, INC. $112,587.25 Administrative Services Cornerstone OnDemand Talent Management System 6/20/2025 - 6/19/2026 Board Approved OEM Sole Source List M.O. 12/14/16 Item 12 (B) CR&R $70,000.00 Administrative Services Convenience Blanket PO for 40 Yard Trash Dumpsters at Plant No. 1 and Plant No. 2 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) DEMARIA ELECTRIC MOTOR SERVICES, INC. $140,000.00 Operations & Maintenance Convenience Blanket PO for Off-Site Motor Repairs for HQ, Plant No. 1, Plant No. 2, & Pump Stations 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) DXP ENTERPRISES, INC. $58,474.00 Administrative Services Stock Item Purchase of One (1) SEEPEX Coupling Rod, One (1) Rotor, and One (1) Stator Board Approved OEM Sole Source List M.O. 12/14/16 Item 12 (B) DXP ENTERPRISES, INC. $59,110.52 Administrative Services Stock Item Purchase of Two (2) SEEPEX Stators and One (1) Rotor Board Approved OEM Sole Source List M.O. 12/14/16 Item 12 (B) EEC ENVIRONMENTAL $59,850.00 Environmental Services Audit of Stormwater Program Informal Bid 139693-OR EIDE BAILLY LLP $83,000.00 Administrative Services Blanket PO for Financial Auditing Services 4/21/2025 - 4/20/2026 w/ Four (4) Optional One-Year Renewal Periods Specification No.CS-2025-663BD FISHER SCIENTIFIC COMPANY LLC $95,000.00 Environmental Services Convenience Blanket PO for Purchase of Miscellaneous Laboratory Supplies 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) FLEXIM AMERICAS CORPORATION $56,608.00 Operations & Maintenance Purchase of Two (2) Flexim Flowmeters and Four (4) Clamp On Transducers Board Approved OEM Sole Source List M.O. 2/26/2020 Item 13 (B) FLO-SYSTEMS, INC. $62,960.56 Operations & Maintenance Purchase of One (1) Hidrostal Rotating Assembly Sole Source Justification 2865 Reason: OEM Equipment/Part/Service GARRATT CALLAHAN COMPANY $70,000.00 Operations & Maintenance Convenience Blanket PO for Purchase of Chemicals, Formulas, Equipment, and Reagents for Plant No. 1 and Plant No. 2 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) GARTNER, INC. - STAMFORD CT $75,800.00 Administrative Services Consulting Services for Gartner Software Program 7/1/2025 - 6/30/2026 County of Ventura Contract # 9658, in accordance with Ordinance OC SAN-61, Section 2.03(B) Cooperative Purchases GRAYBAR ELECTRIC COMPANY WALNUT CA $67,267.77 Operations & Maintenance Purchase of One (1) Fluke Portable Network Analyzer Kit Informal Bid 140007-OR GRAYBAR ELECTRIC COMPANY WALNUT CA $72,277.70 Administrative Services Purchase of Three (3) Ethernet Backplate, Four (4) Processor Modules, One (1) Ethernet Module US Communities Contract # EV2370, in accordance with Ordinance OC SAN-61, Section 2.03(B) Cooperative Purchases GRAYBAR ELECTRIC COMPANY WALNUT CA $80,000 Operations & Maintenance Convenience Blanket PO for Purchase of Miscellaneous Electrical Parts and Supplies 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) GRM INFORMATION MGMT SERVICES FOR OAs $125,000.00 Communications Convenience Blanket PO for Offsite Records Storage, Document Destruction, and Related Services 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) HOME DEPOT $75,000.00 Operations & Maintenance Convenience Blanket PO for Purchase of Miscellaneous Parts, Materials, Tools, Appliances, and Supplies 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) HOWARD RIDLEY CO $149,000.00 Operations & Maintenance Convenience Blanket PO for Repair of Cracks in Structures within Plant No. 1 and Plant No. 2 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) INSIGHT PUBLIC SECTOR, INC. $59,671.75 Administrative Services Maintenance and Technical Support for Solar Winds 6/30/2025 - 6/30/2026 OMNIA Contract# 23-6692-03, in accordance with Ordinance OC SAN-61, Section 2.03(B) Cooperative Purchases INTEGRATED POWER SERVICES LLC $140,000.00 Operations & Maintenance Blanket PO for Off Site Motor Repair Services 7/1/2025 - 6/30/2026 Informal Bid 138145-OR JAMISON ENGINEERING CONTRACTORS, INC. $90,000.00 Operations & Maintenance Convenience Blanket PO for Maintenance and Emergency Repairs of Trickling Filters at Plant No. 1 and Plant No. 2 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) JCI JONES CHEMICALS, INC $60,000.00 Operations & Maintenance Purchase of Sodium Hydroxide (NaOH), 50% Solution (Totes) 7/1/2025 - 6/30/2026 w/ Four (4) Optional One-Year Renewal Periods Specification No. C-2025-671 LARRY WALKER ASSOCIATES, INC. $84,965.00 Engineering Consulting Services for National Pollutant Discharge Elimination System Permit Renewal 4/3/2025 - 4/2/2030 Specification No. CS-2025-667BD LEED ELECTRIC, INC. $133,000.00 Operations & Maintenance Construction of Back-Up Power for Laboratory Equipment at Plant No. 1 Project No. FR1- 0022 Informal Bid 139091-OR MYTHICS, LLC d/b/a MYTHICS VIII, LLC $112,728.00 Administrative Services Primavera P6 Enterprise Portfolio Management and Software Update Support 6/1/2025 - 5/31/2026 Board Approved OEM Sole Source List M.O. 5/28/25 Item 13 (A) MYTHICS, LLC d/b/a MYTHICS VIII, LLC $121,599.00 Administrative Services Phase II Primavera Software Migration 6/1/2025 - 5/31/2026 Board Approved OEM Sole Source List M.O. 5/28/25 Item 13 (B) ONESOURCE DISTRIBUTORS INC $80,000.00 Operations & Maintenance Convenience Blanket PO for Purchase of Miscellaneous Electrical Supplies and Parts 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) PARKHOUSE TIRE INC $60,000.00 Administrative Services Blanket PO for New Vehicle Tires, Repairs, and Rotation Services 7/1/2025 - 6/30/2026 Bridgestone State Contract #24158 and Continental Tires State Contract #24157, in accordance with Ordinance OC SAN-61, Section 2.03(B) Cooperative Purchases PURE EFFECT, INC.$95,797.52 Administrative Services Removal and Installation of HVAC Filters on Air Handler Units and Exhaust Fans at Lab Building DIR Project # 20250582506 Informal Bid 140006-OR REGENTS OF UNIV OF CALIFORNIA SD $69,130.00 Environmental Services Annual PO to Operate and Maintain Water Quality Sensors at Newport Pier Monitor Station 7/1/2025 - 6/30/2026 w/ Four (4) Optional One-Year Renewal Periods Board Approved OEM Sole Source List M.O. 9/23/20 Item 12 (B) ROCKWELL ENGINEERING & EQUIPMENT CO $55,560.00 Operations & Maintenance Purchase of One (1) Boerger Rotary Lobe Pump Board Approved OEM Sole Source List M.O. 12/14/16 Item 12 (B) SAFETY SHOE SERVICES $80,000.00 Human Resources Convenience Blanket PO for On-Site and In- Store Safety Shoe Services 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) SC FUELS $55,146.81 Operations & Maintenance Purchase of 5,000 Gallons of Chevron 5200 HDAX Low Ash 40 Bulk Oil for Plant No. 2 Specification No. CH-139502 SCHWING BIOSET $65,908.50 Operations & Maintenance Purchase of Two (2) Material Cylinders Board Approved OEM Sole Source List M.O. 12/14/16 Item 12 (B) SIGNATURE PAINTING INC $95,000.00 Administrative Services Convenience Blanket PO for Painting Services at Plant No. 1, Plant No. 2, and Pump Stations 6/1/2025 - 5/31/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) SO-CAL PROPERTY SERVICES $99,500.00 Administrative Services On-Site Vehicle Washing Services 7/1/2025 - 6/30/2026 Informal Bid 140707-OR SOUTHERN TIRE MART, LLC $60,000.00 Administrative Services Convenience Blanket PO for New Vehicle Tires, Parts, Repairs, Rotations, and Services 7/1/2025 - 6/30/2027 Aggregate Contract # MA-080-24010100, in accordance with Ordinance OC SAN-61, Section 2.03(B) Cooperative Purchases STEPHENS MECHANICAL OF THE SOUTHWEST,LLC $91,300.00 Operations & Maintenance Service PO to Manufacture and Install New Base for Pump 3 at Plant No. 1 DIR Project # 20250584631 Informal Bid 140462-OR STO ADVISORS LLC$60,000.00 Operations & Maintenance Consulting Services for Interplant Gas Pipeline Compliance Sole Source Justification 2838 Reason: OEM Equipment/Part/Service TEVORA BUSINESS SOLUTIONS, INC. $50,645.06 Administrative Services Subscription for Varonis Hybrid + MDDR and Copilot SaaS and Varonis Collector License 6/30/2025 - 6/29/2026 Informal Bid 140528- OR THARSOS INC.$57,770.00 Operations & Maintenance T-Lok and Grouting Repairs to Primary Clarifier 8 at Plant No. 1 DIR Project # 20250572013 Informal Bid 139060-OR TONY DEMARIA ELECTRIC INC. $90,000.00 Operations & Maintenance Convenience Blanket PO for Purchase of Urgent Electrical Parts and Services at Plant No. 1, Plant No. 2, and Pump Stations. 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) TRANE COMPANY - EQUIPMENT $90,000.00 Administrative Services Convenience Blanket PO for Service and Repair of Absorption Chillers 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) TRANE U.S. INC. - PARTS $90,000.00 Administrative Services Convenience Blanket PO for Purchase of Emergency HVAC Supplies and Parts for HVAC Shop 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) TREDENT DATA SYSTEMS, INC $75,112.00 Administrative Services Annual Cisco NetCare Maintenance 5/3/25 - 5/2/26 Board Approved OEM Sole Source List M.O. 8/23/17 Item 9 (B) VERTOSOFT LLC $99,100.00 Administrative Services IGM Gravity Software Services and IGM Professional Delivery Services NCPA Omnia Partners Contract # 01-165, in accordance with Ordinance OC SAN-61, Section 2.03(B) Cooperative Purchases WESTAIR GASES & EQUIPMENT INC - LOX $85,000.00 Operations & Maintenance Convenience Blanket PO for Purchase of Emergency Bulk Liquid Oxygen (LOX) and Monthly Telemetry Rental 8/21/2025 - 8/20/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) WIDESPREAD INDUSTRIAL SUPPLIES, INC $140,000.00 Operations & Maintenance Blanket PO For Restocking of Hardware in Bolt Bins at Plant No. 1 And Plant No. 2 7/1/2025 - 6/30/2026 BuyBoard Contract#756- 24, in accordance with Ordinance OC SAN- 61, Section 2.03(B) Cooperative Purchases XYLEM WATER SOLUTIONS USA, INC. $57,813.60 Administrative Services Stock Item Purchase of Eight Thousand (8,000) Membrane Diffuser Discs and Twenty- Four (24) Base Plates Board Approved OEM Sole Source List M.O. 8/28/24 Item 7 (B) Orange County Sanitation District Printed on 8/20/2025Page 2 of 8 powered by Legistar™ File #:2025-4421 Agenda Date:8/27/2025 Agenda Item No:4. Vendor Name Amount Department Description/DiscussionACCURATEENVIRONMENTALSERVICES INC $57,006.50 EnvironmentalServices Ammonia Slip Test and Compliance SourceEngines Emissions Testing at Plant No. 1Informal Bid 139107-ORALPHA ANALYTICALLABORATORIES,INC.$86,135.00 EnvironmentalServices Blanket PO for Outside Contract LaboratoryTesting Services for Special Projects07/01/2025 - 06/30/2026 w/ Four (4) OptionalOne-Year Renewal Periods Specification No.S-2025-677BAY CITYINDUSTRIALSUPPLY $94,380.00 Operations &Maintenance Purchase of One (1) H3SH, Size 14 Gearboxand Oil Supply System Specification No. E-2025-680BDBEAMEX, INC $70,950.00 Operations &Maintenance Purchase of Two (2) MC6-Ex FieldCalibrators, Two (2) PGC Calibration Pumps,and Two (2) EXT160-IS External ModulesBoard Approved OEM Sole Source List M.O.8/22/18 Item 7 (B)BEC BUILDINGELECTRONICCONTROLS INC $140,000.00 Operations &Maintenance Convenience Blanket PO for Fire Alarm CallOut and VESDA Maintenance 07/01/2025 -06/30/2026 GM Article 2, Section 2.2 (b) (1)BIG SKY ELECTRIC,INC.$90,700.00 Operations &Maintenance Replacement of Gas Compressor #1 Cable atPlant No. 1 Informal Bid 140572-ORBIG SKY ELECTRIC,INC.$140,000.00 Operations &Maintenance Convenience Blanket PO for On-CallElectrical Maintenance and Support Services04/28/2025 - 12/31/2025 GM Article 2, Section2.2 (b) (1)C.E. MECHANICAL,INC.$100,000.00 Operations &Maintenance Annual Convenience Blanket PO for HVACServices & Repairs for District Wide Facilities07/01/2025 - 06/30/2026 GM PurchasingPolicy Article 2, Section 2.2 (b) (1)CARAHSOFT TECHNOLOGY CORPORATION $74,517.80 Administrative Services ServiceNow System Administration Services via Beyond 20 7/1/2025 - 6/30/2026 NASPO Cloud Solutions Contract # AR2472, in Accordance with Ordinance OC SAN-61 Section 2.03 (B) Cooperative Purchases CARAHSOFT TECHNOLOGY CORPORATION $80,903.04 Administrative Services Purchase of MuleSoft Anypoint Platform Licenses 7/1/2025 - 6/30/2026 NASPO Cloud Solutions Contract # AR2472, in Accordance with Ordinance OC SAN-61 Section 2.03 (B) Cooperative Purchases CARAHSOFT TECHNOLOGY CORPORATION $100,598.40 Administrative Services Software Consulting Services for Anaplan 6/1/2025 - 9/15/2026 NASPO Cloud Solutions Contract # AR2472, in Accordance with Ordinance OC SAN-61 Section 2.03 (B) Cooperative Purchases CARAHSOFT TECHNOLOGY CORPORATION $101,270.68 Administrative Services Primavera Upgrade to Cloud, Phase 2 Integration Using MuleSoft 6/1/2025 - 7/27/2025 Board Approved OEM Sole Source List M.O. 5/28/25 Item 13 (C) CARRIER CORPORATION $91,592.00 Administrative Services Replacement of Two (2) Condenser Coils for Lab Chillers at Plant No. 1 Board Approved OEM Sole Source List M.O. 5/25/22 Item 15 (B) CARRIER CORPORATION $115,704.00 Operations & Maintenance Replacement of Fan and Duct at Plant No. 2 EPSA Building Sourcewll Contract # 080824- CAR in Accordance with Ordinance OC SAN- 61 Section 2.03 (B) Cooperative Purchases CLIMATEC, LLC $90,000.00 Administrative Services Convenience Blanket PO for Services and Repairs for HVAC Systems 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) COOPER MACHINERY SERVICES LLC $74,655.44 Administrative Services Stock Item Purchase of One (1) Pawl and One (1) Bearing Pillow Board Approved OEM Sole Source List M.O. 8/23/17 Item 9 (B) CORNERSTONE ONDEMAND, INC. $112,587.25 Administrative Services Cornerstone OnDemand Talent Management System 6/20/2025 - 6/19/2026 Board Approved OEM Sole Source List M.O. 12/14/16 Item 12 (B) CR&R $70,000.00 Administrative Services Convenience Blanket PO for 40 Yard Trash Dumpsters at Plant No. 1 and Plant No. 2 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) DEMARIA ELECTRIC MOTOR SERVICES, INC. $140,000.00 Operations & Maintenance Convenience Blanket PO for Off-Site Motor Repairs for HQ, Plant No. 1, Plant No. 2, & Pump Stations 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) DXP ENTERPRISES, INC. $58,474.00 Administrative Services Stock Item Purchase of One (1) SEEPEX Coupling Rod, One (1) Rotor, and One (1) Stator Board Approved OEM Sole Source List M.O. 12/14/16 Item 12 (B) DXP ENTERPRISES, INC. $59,110.52 Administrative Services Stock Item Purchase of Two (2) SEEPEX Stators and One (1) Rotor Board Approved OEM Sole Source List M.O. 12/14/16 Item 12 (B) EEC ENVIRONMENTAL $59,850.00 Environmental Services Audit of Stormwater Program Informal Bid 139693-OR EIDE BAILLY LLP $83,000.00 Administrative Services Blanket PO for Financial Auditing Services 4/21/2025 - 4/20/2026 w/ Four (4) Optional One-Year Renewal Periods Specification No.CS-2025-663BD FISHER SCIENTIFIC COMPANY LLC $95,000.00 Environmental Services Convenience Blanket PO for Purchase of Miscellaneous Laboratory Supplies 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) FLEXIM AMERICAS CORPORATION $56,608.00 Operations & Maintenance Purchase of Two (2) Flexim Flowmeters and Four (4) Clamp On Transducers Board Approved OEM Sole Source List M.O. 2/26/2020 Item 13 (B) FLO-SYSTEMS, INC. $62,960.56 Operations & Maintenance Purchase of One (1) Hidrostal Rotating Assembly Sole Source Justification 2865 Reason: OEM Equipment/Part/Service GARRATT CALLAHAN COMPANY $70,000.00 Operations & Maintenance Convenience Blanket PO for Purchase of Chemicals, Formulas, Equipment, and Reagents for Plant No. 1 and Plant No. 2 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) GARTNER, INC. - STAMFORD CT $75,800.00 Administrative Services Consulting Services for Gartner Software Program 7/1/2025 - 6/30/2026 County of Ventura Contract # 9658, in accordance with Ordinance OC SAN-61, Section 2.03(B) Cooperative Purchases GRAYBAR ELECTRIC COMPANY WALNUT CA $67,267.77 Operations & Maintenance Purchase of One (1) Fluke Portable Network Analyzer Kit Informal Bid 140007-OR GRAYBAR ELECTRIC COMPANY WALNUT CA $72,277.70 Administrative Services Purchase of Three (3) Ethernet Backplate, Four (4) Processor Modules, One (1) Ethernet Module US Communities Contract # EV2370, in accordance with Ordinance OC SAN-61, Section 2.03(B) Cooperative Purchases GRAYBAR ELECTRIC COMPANY WALNUT CA $80,000 Operations & Maintenance Convenience Blanket PO for Purchase of Miscellaneous Electrical Parts and Supplies 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) GRM INFORMATION MGMT SERVICES FOR OAs $125,000.00 Communications Convenience Blanket PO for Offsite Records Storage, Document Destruction, and Related Services 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) HOME DEPOT $75,000.00 Operations & Maintenance Convenience Blanket PO for Purchase of Miscellaneous Parts, Materials, Tools, Appliances, and Supplies 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) HOWARD RIDLEY CO $149,000.00 Operations & Maintenance Convenience Blanket PO for Repair of Cracks in Structures within Plant No. 1 and Plant No. 2 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) INSIGHT PUBLIC SECTOR, INC. $59,671.75 Administrative Services Maintenance and Technical Support for Solar Winds 6/30/2025 - 6/30/2026 OMNIA Contract# 23-6692-03, in accordance with Ordinance OC SAN-61, Section 2.03(B) Cooperative Purchases INTEGRATED POWER SERVICES LLC $140,000.00 Operations & Maintenance Blanket PO for Off Site Motor Repair Services 7/1/2025 - 6/30/2026 Informal Bid 138145-OR JAMISON ENGINEERING CONTRACTORS, INC. $90,000.00 Operations & Maintenance Convenience Blanket PO for Maintenance and Emergency Repairs of Trickling Filters at Plant No. 1 and Plant No. 2 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) JCI JONES CHEMICALS, INC $60,000.00 Operations & Maintenance Purchase of Sodium Hydroxide (NaOH), 50% Solution (Totes) 7/1/2025 - 6/30/2026 w/ Four (4) Optional One-Year Renewal Periods Specification No. C-2025-671 LARRY WALKER ASSOCIATES, INC. $84,965.00 Engineering Consulting Services for National Pollutant Discharge Elimination System Permit Renewal 4/3/2025 - 4/2/2030 Specification No. CS-2025-667BD LEED ELECTRIC, INC. $133,000.00 Operations & Maintenance Construction of Back-Up Power for Laboratory Equipment at Plant No. 1 Project No. FR1- 0022 Informal Bid 139091-OR MYTHICS, LLC d/b/a MYTHICS VIII, LLC $112,728.00 Administrative Services Primavera P6 Enterprise Portfolio Management and Software Update Support 6/1/2025 - 5/31/2026 Board Approved OEM Sole Source List M.O. 5/28/25 Item 13 (A) MYTHICS, LLC d/b/a MYTHICS VIII, LLC $121,599.00 Administrative Services Phase II Primavera Software Migration 6/1/2025 - 5/31/2026 Board Approved OEM Sole Source List M.O. 5/28/25 Item 13 (B) ONESOURCE DISTRIBUTORS INC $80,000.00 Operations & Maintenance Convenience Blanket PO for Purchase of Miscellaneous Electrical Supplies and Parts 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) PARKHOUSE TIRE INC $60,000.00 Administrative Services Blanket PO for New Vehicle Tires, Repairs, and Rotation Services 7/1/2025 - 6/30/2026 Bridgestone State Contract #24158 and Continental Tires State Contract #24157, in accordance with Ordinance OC SAN-61, Section 2.03(B) Cooperative Purchases PURE EFFECT, INC.$95,797.52 Administrative Services Removal and Installation of HVAC Filters on Air Handler Units and Exhaust Fans at Lab Building DIR Project # 20250582506 Informal Bid 140006-OR REGENTS OF UNIV OF CALIFORNIA SD $69,130.00 Environmental Services Annual PO to Operate and Maintain Water Quality Sensors at Newport Pier Monitor Station 7/1/2025 - 6/30/2026 w/ Four (4) Optional One-Year Renewal Periods Board Approved OEM Sole Source List M.O. 9/23/20 Item 12 (B) ROCKWELL ENGINEERING & EQUIPMENT CO $55,560.00 Operations & Maintenance Purchase of One (1) Boerger Rotary Lobe Pump Board Approved OEM Sole Source List M.O. 12/14/16 Item 12 (B) SAFETY SHOE SERVICES $80,000.00 Human Resources Convenience Blanket PO for On-Site and In- Store Safety Shoe Services 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) SC FUELS $55,146.81 Operations & Maintenance Purchase of 5,000 Gallons of Chevron 5200 HDAX Low Ash 40 Bulk Oil for Plant No. 2 Specification No. CH-139502 SCHWING BIOSET $65,908.50 Operations & Maintenance Purchase of Two (2) Material Cylinders Board Approved OEM Sole Source List M.O. 12/14/16 Item 12 (B) SIGNATURE PAINTING INC $95,000.00 Administrative Services Convenience Blanket PO for Painting Services at Plant No. 1, Plant No. 2, and Pump Stations 6/1/2025 - 5/31/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) SO-CAL PROPERTY SERVICES $99,500.00 Administrative Services On-Site Vehicle Washing Services 7/1/2025 - 6/30/2026 Informal Bid 140707-OR SOUTHERN TIRE MART, LLC $60,000.00 Administrative Services Convenience Blanket PO for New Vehicle Tires, Parts, Repairs, Rotations, and Services 7/1/2025 - 6/30/2027 Aggregate Contract # MA-080-24010100, in accordance with Ordinance OC SAN-61, Section 2.03(B) Cooperative Purchases STEPHENS MECHANICAL OF THE SOUTHWEST,LLC $91,300.00 Operations & Maintenance Service PO to Manufacture and Install New Base for Pump 3 at Plant No. 1 DIR Project # 20250584631 Informal Bid 140462-OR STO ADVISORS LLC$60,000.00 Operations & Maintenance Consulting Services for Interplant Gas Pipeline Compliance Sole Source Justification 2838 Reason: OEM Equipment/Part/Service TEVORA BUSINESS SOLUTIONS, INC. $50,645.06 Administrative Services Subscription for Varonis Hybrid + MDDR and Copilot SaaS and Varonis Collector License 6/30/2025 - 6/29/2026 Informal Bid 140528- OR THARSOS INC.$57,770.00 Operations & Maintenance T-Lok and Grouting Repairs to Primary Clarifier 8 at Plant No. 1 DIR Project # 20250572013 Informal Bid 139060-OR TONY DEMARIA ELECTRIC INC. $90,000.00 Operations & Maintenance Convenience Blanket PO for Purchase of Urgent Electrical Parts and Services at Plant No. 1, Plant No. 2, and Pump Stations. 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) TRANE COMPANY - EQUIPMENT $90,000.00 Administrative Services Convenience Blanket PO for Service and Repair of Absorption Chillers 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) TRANE U.S. INC. - PARTS $90,000.00 Administrative Services Convenience Blanket PO for Purchase of Emergency HVAC Supplies and Parts for HVAC Shop 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) TREDENT DATA SYSTEMS, INC $75,112.00 Administrative Services Annual Cisco NetCare Maintenance 5/3/25 - 5/2/26 Board Approved OEM Sole Source List M.O. 8/23/17 Item 9 (B) VERTOSOFT LLC $99,100.00 Administrative Services IGM Gravity Software Services and IGM Professional Delivery Services NCPA Omnia Partners Contract # 01-165, in accordance with Ordinance OC SAN-61, Section 2.03(B) Cooperative Purchases WESTAIR GASES & EQUIPMENT INC - LOX $85,000.00 Operations & Maintenance Convenience Blanket PO for Purchase of Emergency Bulk Liquid Oxygen (LOX) and Monthly Telemetry Rental 8/21/2025 - 8/20/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) WIDESPREAD INDUSTRIAL SUPPLIES, INC $140,000.00 Operations & Maintenance Blanket PO For Restocking of Hardware in Bolt Bins at Plant No. 1 And Plant No. 2 7/1/2025 - 6/30/2026 BuyBoard Contract#756- 24, in accordance with Ordinance OC SAN- 61, Section 2.03(B) Cooperative Purchases XYLEM WATER SOLUTIONS USA, INC. $57,813.60 Administrative Services Stock Item Purchase of Eight Thousand (8,000) Membrane Diffuser Discs and Twenty- Four (24) Base Plates Board Approved OEM Sole Source List M.O. 8/28/24 Item 7 (B) Orange County Sanitation District Printed on 8/20/2025Page 3 of 8 powered by Legistar™ File #:2025-4421 Agenda Date:8/27/2025 Agenda Item No:4. Vendor Name Amount Department Description/DiscussionACCURATEENVIRONMENTALSERVICES INC $57,006.50 EnvironmentalServices Ammonia Slip Test and Compliance SourceEngines Emissions Testing at Plant No. 1Informal Bid 139107-ORALPHA ANALYTICALLABORATORIES,INC.$86,135.00 EnvironmentalServices Blanket PO for Outside Contract LaboratoryTesting Services for Special Projects07/01/2025 - 06/30/2026 w/ Four (4) OptionalOne-Year Renewal Periods Specification No.S-2025-677BAY CITYINDUSTRIALSUPPLY $94,380.00 Operations &Maintenance Purchase of One (1) H3SH, Size 14 Gearboxand Oil Supply System Specification No. E-2025-680BDBEAMEX, INC $70,950.00 Operations &Maintenance Purchase of Two (2) MC6-Ex FieldCalibrators, Two (2) PGC Calibration Pumps,and Two (2) EXT160-IS External ModulesBoard Approved OEM Sole Source List M.O.8/22/18 Item 7 (B)BEC BUILDINGELECTRONICCONTROLS INC $140,000.00 Operations &Maintenance Convenience Blanket PO for Fire Alarm CallOut and VESDA Maintenance 07/01/2025 -06/30/2026 GM Article 2, Section 2.2 (b) (1)BIG SKY ELECTRIC,INC.$90,700.00 Operations &Maintenance Replacement of Gas Compressor #1 Cable atPlant No. 1 Informal Bid 140572-ORBIG SKY ELECTRIC,INC.$140,000.00 Operations &Maintenance Convenience Blanket PO for On-CallElectrical Maintenance and Support Services04/28/2025 - 12/31/2025 GM Article 2, Section2.2 (b) (1)C.E. MECHANICAL,INC.$100,000.00 Operations &Maintenance Annual Convenience Blanket PO for HVACServices & Repairs for District Wide Facilities07/01/2025 - 06/30/2026 GM PurchasingPolicy Article 2, Section 2.2 (b) (1)CARAHSOFTTECHNOLOGYCORPORATION $74,517.80 AdministrativeServices ServiceNow System Administration Servicesvia Beyond 20 7/1/2025 - 6/30/2026 NASPOCloud Solutions Contract # AR2472, inAccordance with Ordinance OC SAN-61Section 2.03 (B) Cooperative PurchasesCARAHSOFTTECHNOLOGYCORPORATION$80,903.04 AdministrativeServices Purchase of MuleSoft Anypoint PlatformLicenses 7/1/2025 - 6/30/2026 NASPO CloudSolutions Contract # AR2472, in Accordancewith Ordinance OC SAN-61 Section 2.03 (B)Cooperative PurchasesCARAHSOFTTECHNOLOGYCORPORATION$100,598.40 AdministrativeServices Software Consulting Services for Anaplan6/1/2025 - 9/15/2026 NASPO Cloud SolutionsContract # AR2472, in Accordance withOrdinance OC SAN-61 Section 2.03 (B)Cooperative PurchasesCARAHSOFTTECHNOLOGYCORPORATION$101,270.68 AdministrativeServices Primavera Upgrade to Cloud, Phase 2Integration Using MuleSoft 6/1/2025 -7/27/2025 Board Approved OEM Sole SourceList M.O. 5/28/25 Item 13 (C)CARRIERCORPORATION $91,592.00 AdministrativeServices Replacement of Two (2) Condenser Coils forLab Chillers at Plant No. 1 Board ApprovedOEM Sole Source List M.O. 5/25/22 Item 15(B)CARRIERCORPORATION $115,704.00 Operations &Maintenance Replacement of Fan and Duct at Plant No. 2EPSA Building Sourcewll Contract # 080824-CAR in Accordance with Ordinance OC SAN-61 Section 2.03 (B) Cooperative PurchasesCLIMATEC, LLC $90,000.00 AdministrativeServices Convenience Blanket PO for Services andRepairs for HVAC Systems 7/1/2025 -6/30/2026 GM Purchasing Policy Article 2,Section 2.2 (b) (1)COOPERMACHINERYSERVICES LLC $74,655.44 AdministrativeServices Stock Item Purchase of One (1) Pawl and One(1) Bearing Pillow Board Approved OEM SoleSource List M.O. 8/23/17 Item 9 (B)CORNERSTONEONDEMAND, INC.$112,587.25 AdministrativeServices Cornerstone OnDemand Talent ManagementSystem 6/20/2025 - 6/19/2026 BoardApproved OEM Sole Source List M.O.12/14/16 Item 12 (B)CR&R $70,000.00 AdministrativeServices Convenience Blanket PO for 40 Yard TrashDumpsters at Plant No. 1 and Plant No. 27/1/2025 - 6/30/2026 GM Purchasing PolicyArticle 2, Section 2.2 (b) (1)DEMARIAELECTRIC MOTORSERVICES, INC.$140,000.00 Operations &Maintenance Convenience Blanket PO for Off-Site MotorRepairs for HQ, Plant No. 1, Plant No. 2, &Pump Stations 7/1/2025 - 6/30/2026 GMPurchasing Policy Article 2, Section 2.2 (b) (1)DXPENTERPRISES,INC.$58,474.00 AdministrativeServices Stock Item Purchase of One (1) SEEPEXCoupling Rod, One (1) Rotor, and One (1)Stator Board Approved OEM Sole Source ListM.O. 12/14/16 Item 12 (B) DXP ENTERPRISES, INC. $59,110.52 Administrative Services Stock Item Purchase of Two (2) SEEPEX Stators and One (1) Rotor Board Approved OEM Sole Source List M.O. 12/14/16 Item 12 (B) EEC ENVIRONMENTAL $59,850.00 Environmental Services Audit of Stormwater Program Informal Bid 139693-OR EIDE BAILLY LLP $83,000.00 Administrative Services Blanket PO for Financial Auditing Services 4/21/2025 - 4/20/2026 w/ Four (4) Optional One-Year Renewal Periods Specification No.CS-2025-663BD FISHER SCIENTIFIC COMPANY LLC $95,000.00 Environmental Services Convenience Blanket PO for Purchase of Miscellaneous Laboratory Supplies 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) FLEXIM AMERICAS CORPORATION $56,608.00 Operations & Maintenance Purchase of Two (2) Flexim Flowmeters and Four (4) Clamp On Transducers Board Approved OEM Sole Source List M.O. 2/26/2020 Item 13 (B) FLO-SYSTEMS, INC. $62,960.56 Operations & Maintenance Purchase of One (1) Hidrostal Rotating Assembly Sole Source Justification 2865 Reason: OEM Equipment/Part/Service GARRATT CALLAHAN COMPANY $70,000.00 Operations & Maintenance Convenience Blanket PO for Purchase of Chemicals, Formulas, Equipment, and Reagents for Plant No. 1 and Plant No. 2 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) GARTNER, INC. - STAMFORD CT $75,800.00 Administrative Services Consulting Services for Gartner Software Program 7/1/2025 - 6/30/2026 County of Ventura Contract # 9658, in accordance with Ordinance OC SAN-61, Section 2.03(B) Cooperative Purchases GRAYBAR ELECTRIC COMPANY WALNUT CA $67,267.77 Operations & Maintenance Purchase of One (1) Fluke Portable Network Analyzer Kit Informal Bid 140007-OR GRAYBAR ELECTRIC COMPANY WALNUT CA $72,277.70 Administrative Services Purchase of Three (3) Ethernet Backplate, Four (4) Processor Modules, One (1) Ethernet Module US Communities Contract # EV2370, in accordance with Ordinance OC SAN-61, Section 2.03(B) Cooperative Purchases GRAYBAR ELECTRIC COMPANY WALNUT CA $80,000 Operations & Maintenance Convenience Blanket PO for Purchase of Miscellaneous Electrical Parts and Supplies 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) GRM INFORMATION MGMT SERVICES FOR OAs $125,000.00 Communications Convenience Blanket PO for Offsite Records Storage, Document Destruction, and Related Services 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) HOME DEPOT $75,000.00 Operations & Maintenance Convenience Blanket PO for Purchase of Miscellaneous Parts, Materials, Tools, Appliances, and Supplies 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) HOWARD RIDLEY CO $149,000.00 Operations & Maintenance Convenience Blanket PO for Repair of Cracks in Structures within Plant No. 1 and Plant No. 2 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) INSIGHT PUBLIC SECTOR, INC. $59,671.75 Administrative Services Maintenance and Technical Support for Solar Winds 6/30/2025 - 6/30/2026 OMNIA Contract# 23-6692-03, in accordance with Ordinance OC SAN-61, Section 2.03(B) Cooperative Purchases INTEGRATED POWER SERVICES LLC $140,000.00 Operations & Maintenance Blanket PO for Off Site Motor Repair Services 7/1/2025 - 6/30/2026 Informal Bid 138145-OR JAMISON ENGINEERING CONTRACTORS, INC. $90,000.00 Operations & Maintenance Convenience Blanket PO for Maintenance and Emergency Repairs of Trickling Filters at Plant No. 1 and Plant No. 2 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) JCI JONES CHEMICALS, INC $60,000.00 Operations & Maintenance Purchase of Sodium Hydroxide (NaOH), 50% Solution (Totes) 7/1/2025 - 6/30/2026 w/ Four (4) Optional One-Year Renewal Periods Specification No. C-2025-671 LARRY WALKER ASSOCIATES, INC. $84,965.00 Engineering Consulting Services for National Pollutant Discharge Elimination System Permit Renewal 4/3/2025 - 4/2/2030 Specification No. CS-2025-667BD LEED ELECTRIC, INC. $133,000.00 Operations & Maintenance Construction of Back-Up Power for Laboratory Equipment at Plant No. 1 Project No. FR1- 0022 Informal Bid 139091-OR MYTHICS, LLC d/b/a MYTHICS VIII, LLC $112,728.00 Administrative Services Primavera P6 Enterprise Portfolio Management and Software Update Support 6/1/2025 - 5/31/2026 Board Approved OEM Sole Source List M.O. 5/28/25 Item 13 (A) MYTHICS, LLC d/b/a MYTHICS VIII, LLC $121,599.00 Administrative Services Phase II Primavera Software Migration 6/1/2025 - 5/31/2026 Board Approved OEM Sole Source List M.O. 5/28/25 Item 13 (B) ONESOURCE DISTRIBUTORS INC $80,000.00 Operations & Maintenance Convenience Blanket PO for Purchase of Miscellaneous Electrical Supplies and Parts 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) PARKHOUSE TIRE INC $60,000.00 Administrative Services Blanket PO for New Vehicle Tires, Repairs, and Rotation Services 7/1/2025 - 6/30/2026 Bridgestone State Contract #24158 and Continental Tires State Contract #24157, in accordance with Ordinance OC SAN-61, Section 2.03(B) Cooperative Purchases PURE EFFECT, INC.$95,797.52 Administrative Services Removal and Installation of HVAC Filters on Air Handler Units and Exhaust Fans at Lab Building DIR Project # 20250582506 Informal Bid 140006-OR REGENTS OF UNIV OF CALIFORNIA SD $69,130.00 Environmental Services Annual PO to Operate and Maintain Water Quality Sensors at Newport Pier Monitor Station 7/1/2025 - 6/30/2026 w/ Four (4) Optional One-Year Renewal Periods Board Approved OEM Sole Source List M.O. 9/23/20 Item 12 (B) ROCKWELL ENGINEERING & EQUIPMENT CO $55,560.00 Operations & Maintenance Purchase of One (1) Boerger Rotary Lobe Pump Board Approved OEM Sole Source List M.O. 12/14/16 Item 12 (B) SAFETY SHOE SERVICES $80,000.00 Human Resources Convenience Blanket PO for On-Site and In- Store Safety Shoe Services 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) SC FUELS $55,146.81 Operations & Maintenance Purchase of 5,000 Gallons of Chevron 5200 HDAX Low Ash 40 Bulk Oil for Plant No. 2 Specification No. CH-139502 SCHWING BIOSET $65,908.50 Operations & Maintenance Purchase of Two (2) Material Cylinders Board Approved OEM Sole Source List M.O. 12/14/16 Item 12 (B) SIGNATURE PAINTING INC $95,000.00 Administrative Services Convenience Blanket PO for Painting Services at Plant No. 1, Plant No. 2, and Pump Stations 6/1/2025 - 5/31/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) SO-CAL PROPERTY SERVICES $99,500.00 Administrative Services On-Site Vehicle Washing Services 7/1/2025 - 6/30/2026 Informal Bid 140707-OR SOUTHERN TIRE MART, LLC $60,000.00 Administrative Services Convenience Blanket PO for New Vehicle Tires, Parts, Repairs, Rotations, and Services 7/1/2025 - 6/30/2027 Aggregate Contract # MA-080-24010100, in accordance with Ordinance OC SAN-61, Section 2.03(B) Cooperative Purchases STEPHENS MECHANICAL OF THE SOUTHWEST,LLC $91,300.00 Operations & Maintenance Service PO to Manufacture and Install New Base for Pump 3 at Plant No. 1 DIR Project # 20250584631 Informal Bid 140462-OR STO ADVISORS LLC$60,000.00 Operations & Maintenance Consulting Services for Interplant Gas Pipeline Compliance Sole Source Justification 2838 Reason: OEM Equipment/Part/Service TEVORA BUSINESS SOLUTIONS, INC. $50,645.06 Administrative Services Subscription for Varonis Hybrid + MDDR and Copilot SaaS and Varonis Collector License 6/30/2025 - 6/29/2026 Informal Bid 140528- OR THARSOS INC.$57,770.00 Operations & Maintenance T-Lok and Grouting Repairs to Primary Clarifier 8 at Plant No. 1 DIR Project # 20250572013 Informal Bid 139060-OR TONY DEMARIA ELECTRIC INC. $90,000.00 Operations & Maintenance Convenience Blanket PO for Purchase of Urgent Electrical Parts and Services at Plant No. 1, Plant No. 2, and Pump Stations. 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) TRANE COMPANY - EQUIPMENT $90,000.00 Administrative Services Convenience Blanket PO for Service and Repair of Absorption Chillers 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) TRANE U.S. INC. - PARTS $90,000.00 Administrative Services Convenience Blanket PO for Purchase of Emergency HVAC Supplies and Parts for HVAC Shop 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) TREDENT DATA SYSTEMS, INC $75,112.00 Administrative Services Annual Cisco NetCare Maintenance 5/3/25 - 5/2/26 Board Approved OEM Sole Source List M.O. 8/23/17 Item 9 (B) VERTOSOFT LLC $99,100.00 Administrative Services IGM Gravity Software Services and IGM Professional Delivery Services NCPA Omnia Partners Contract # 01-165, in accordance with Ordinance OC SAN-61, Section 2.03(B) Cooperative Purchases WESTAIR GASES & EQUIPMENT INC - LOX $85,000.00 Operations & Maintenance Convenience Blanket PO for Purchase of Emergency Bulk Liquid Oxygen (LOX) and Monthly Telemetry Rental 8/21/2025 - 8/20/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) WIDESPREAD INDUSTRIAL SUPPLIES, INC $140,000.00 Operations & Maintenance Blanket PO For Restocking of Hardware in Bolt Bins at Plant No. 1 And Plant No. 2 7/1/2025 - 6/30/2026 BuyBoard Contract#756- 24, in accordance with Ordinance OC SAN- 61, Section 2.03(B) Cooperative Purchases XYLEM WATER SOLUTIONS USA, INC. $57,813.60 Administrative Services Stock Item Purchase of Eight Thousand (8,000) Membrane Diffuser Discs and Twenty- Four (24) Base Plates Board Approved OEM Sole Source List M.O. 8/28/24 Item 7 (B) Orange County Sanitation District Printed on 8/20/2025Page 4 of 8 powered by Legistar™ File #:2025-4421 Agenda Date:8/27/2025 Agenda Item No:4. Vendor Name Amount Department Description/DiscussionACCURATEENVIRONMENTALSERVICES INC $57,006.50 EnvironmentalServices Ammonia Slip Test and Compliance SourceEngines Emissions Testing at Plant No. 1Informal Bid 139107-ORALPHA ANALYTICALLABORATORIES,INC.$86,135.00 EnvironmentalServices Blanket PO for Outside Contract LaboratoryTesting Services for Special Projects07/01/2025 - 06/30/2026 w/ Four (4) OptionalOne-Year Renewal Periods Specification No.S-2025-677BAY CITYINDUSTRIALSUPPLY $94,380.00 Operations &Maintenance Purchase of One (1) H3SH, Size 14 Gearboxand Oil Supply System Specification No. E-2025-680BDBEAMEX, INC $70,950.00 Operations &Maintenance Purchase of Two (2) MC6-Ex FieldCalibrators, Two (2) PGC Calibration Pumps,and Two (2) EXT160-IS External ModulesBoard Approved OEM Sole Source List M.O.8/22/18 Item 7 (B)BEC BUILDINGELECTRONICCONTROLS INC $140,000.00 Operations &Maintenance Convenience Blanket PO for Fire Alarm CallOut and VESDA Maintenance 07/01/2025 -06/30/2026 GM Article 2, Section 2.2 (b) (1)BIG SKY ELECTRIC,INC.$90,700.00 Operations &Maintenance Replacement of Gas Compressor #1 Cable atPlant No. 1 Informal Bid 140572-ORBIG SKY ELECTRIC,INC.$140,000.00 Operations &Maintenance Convenience Blanket PO for On-CallElectrical Maintenance and Support Services04/28/2025 - 12/31/2025 GM Article 2, Section2.2 (b) (1)C.E. MECHANICAL,INC.$100,000.00 Operations &Maintenance Annual Convenience Blanket PO for HVACServices & Repairs for District Wide Facilities07/01/2025 - 06/30/2026 GM PurchasingPolicy Article 2, Section 2.2 (b) (1)CARAHSOFTTECHNOLOGYCORPORATION $74,517.80 AdministrativeServices ServiceNow System Administration Servicesvia Beyond 20 7/1/2025 - 6/30/2026 NASPOCloud Solutions Contract # AR2472, inAccordance with Ordinance OC SAN-61Section 2.03 (B) Cooperative PurchasesCARAHSOFTTECHNOLOGYCORPORATION$80,903.04 AdministrativeServices Purchase of MuleSoft Anypoint PlatformLicenses 7/1/2025 - 6/30/2026 NASPO CloudSolutions Contract # AR2472, in Accordancewith Ordinance OC SAN-61 Section 2.03 (B)Cooperative PurchasesCARAHSOFTTECHNOLOGYCORPORATION$100,598.40 AdministrativeServices Software Consulting Services for Anaplan6/1/2025 - 9/15/2026 NASPO Cloud SolutionsContract # AR2472, in Accordance withOrdinance OC SAN-61 Section 2.03 (B)Cooperative PurchasesCARAHSOFTTECHNOLOGYCORPORATION$101,270.68 AdministrativeServices Primavera Upgrade to Cloud, Phase 2Integration Using MuleSoft 6/1/2025 -7/27/2025 Board Approved OEM Sole SourceList M.O. 5/28/25 Item 13 (C)CARRIERCORPORATION $91,592.00 AdministrativeServices Replacement of Two (2) Condenser Coils forLab Chillers at Plant No. 1 Board ApprovedOEM Sole Source List M.O. 5/25/22 Item 15(B)CARRIERCORPORATION $115,704.00 Operations &Maintenance Replacement of Fan and Duct at Plant No. 2EPSA Building Sourcewll Contract # 080824-CAR in Accordance with Ordinance OC SAN-61 Section 2.03 (B) Cooperative PurchasesCLIMATEC, LLC $90,000.00 AdministrativeServices Convenience Blanket PO for Services andRepairs for HVAC Systems 7/1/2025 -6/30/2026 GM Purchasing Policy Article 2,Section 2.2 (b) (1)COOPERMACHINERYSERVICES LLC $74,655.44 AdministrativeServices Stock Item Purchase of One (1) Pawl and One(1) Bearing Pillow Board Approved OEM SoleSource List M.O. 8/23/17 Item 9 (B)CORNERSTONEONDEMAND, INC.$112,587.25 AdministrativeServices Cornerstone OnDemand Talent ManagementSystem 6/20/2025 - 6/19/2026 BoardApproved OEM Sole Source List M.O.12/14/16 Item 12 (B)CR&R $70,000.00 AdministrativeServices Convenience Blanket PO for 40 Yard TrashDumpsters at Plant No. 1 and Plant No. 27/1/2025 - 6/30/2026 GM Purchasing PolicyArticle 2, Section 2.2 (b) (1)DEMARIAELECTRIC MOTORSERVICES, INC.$140,000.00 Operations &Maintenance Convenience Blanket PO for Off-Site MotorRepairs for HQ, Plant No. 1, Plant No. 2, &Pump Stations 7/1/2025 - 6/30/2026 GMPurchasing Policy Article 2, Section 2.2 (b) (1)DXPENTERPRISES,INC.$58,474.00 AdministrativeServices Stock Item Purchase of One (1) SEEPEXCoupling Rod, One (1) Rotor, and One (1)Stator Board Approved OEM Sole Source ListM.O. 12/14/16 Item 12 (B)DXPENTERPRISES,INC.$59,110.52 AdministrativeServices Stock Item Purchase of Two (2) SEEPEXStators and One (1) Rotor Board ApprovedOEM Sole Source List M.O. 12/14/16 Item 12(B)EECENVIRONMENTAL $59,850.00 EnvironmentalServices Audit of Stormwater Program Informal Bid139693-OREIDE BAILLY LLP $83,000.00 AdministrativeServices Blanket PO for Financial Auditing Services4/21/2025 - 4/20/2026 w/ Four (4) OptionalOne-Year Renewal Periods SpecificationNo.CS-2025-663BDFISHER SCIENTIFICCOMPANY LLC $95,000.00 EnvironmentalServices Convenience Blanket PO for Purchase ofMiscellaneous Laboratory Supplies 7/1/2025 -6/30/2026 GM Purchasing Policy Article 2,Section 2.2 (b) (1)FLEXIM AMERICASCORPORATION $56,608.00 Operations &Maintenance Purchase of Two (2) Flexim Flowmeters andFour (4) Clamp On Transducers BoardApproved OEM Sole Source List M.O.2/26/2020 Item 13 (B)FLO-SYSTEMS,INC.$62,960.56 Operations &Maintenance Purchase of One (1) Hidrostal RotatingAssembly Sole Source Justification 2865Reason: OEM Equipment/Part/ServiceGARRATTCALLAHANCOMPANY$70,000.00 Operations &Maintenance Convenience Blanket PO for Purchase ofChemicals, Formulas, Equipment, andReagents for Plant No. 1 and Plant No. 27/1/2025 - 6/30/2026 GM Purchasing PolicyArticle 2, Section 2.2 (b) (1)GARTNER, INC. -STAMFORD CT $75,800.00 AdministrativeServices Consulting Services for Gartner SoftwareProgram 7/1/2025 - 6/30/2026 County ofVentura Contract # 9658, in accordance withOrdinance OC SAN-61, Section 2.03(B)Cooperative PurchasesGRAYBARELECTRICCOMPANY WALNUTCA $67,267.77 Operations &Maintenance Purchase of One (1) Fluke Portable NetworkAnalyzer Kit Informal Bid 140007-ORGRAYBARELECTRICCOMPANY WALNUTCA $72,277.70 AdministrativeServices Purchase of Three (3) Ethernet Backplate,Four (4) Processor Modules, One (1) EthernetModule US Communities Contract # EV2370,in accordance with Ordinance OC SAN-61,Section 2.03(B) Cooperative PurchasesGRAYBARELECTRICCOMPANY WALNUTCA $80,000 Operations &Maintenance Convenience Blanket PO for Purchase ofMiscellaneous Electrical Parts and Supplies7/1/2025 - 6/30/2026 GM Purchasing PolicyArticle 2, Section 2.2 (b) (1)GRM INFORMATIONMGMT SERVICESFOR OAs $125,000.00 Communications Convenience Blanket PO for Offsite RecordsStorage, Document Destruction, and RelatedServices 7/1/2025 - 6/30/2026 GM PurchasingPolicy Article 2, Section 2.2 (b) (1)HOME DEPOT $75,000.00 Operations & Maintenance Convenience Blanket PO for Purchase of Miscellaneous Parts, Materials, Tools, Appliances, and Supplies 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) HOWARD RIDLEY CO $149,000.00 Operations & Maintenance Convenience Blanket PO for Repair of Cracks in Structures within Plant No. 1 and Plant No. 2 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) INSIGHT PUBLIC SECTOR, INC. $59,671.75 Administrative Services Maintenance and Technical Support for Solar Winds 6/30/2025 - 6/30/2026 OMNIA Contract# 23-6692-03, in accordance with Ordinance OC SAN-61, Section 2.03(B) Cooperative Purchases INTEGRATED POWER SERVICES LLC $140,000.00 Operations & Maintenance Blanket PO for Off Site Motor Repair Services 7/1/2025 - 6/30/2026 Informal Bid 138145-OR JAMISON ENGINEERING CONTRACTORS, INC. $90,000.00 Operations & Maintenance Convenience Blanket PO for Maintenance and Emergency Repairs of Trickling Filters at Plant No. 1 and Plant No. 2 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) JCI JONES CHEMICALS, INC $60,000.00 Operations & Maintenance Purchase of Sodium Hydroxide (NaOH), 50% Solution (Totes) 7/1/2025 - 6/30/2026 w/ Four (4) Optional One-Year Renewal Periods Specification No. C-2025-671 LARRY WALKER ASSOCIATES, INC. $84,965.00 Engineering Consulting Services for National Pollutant Discharge Elimination System Permit Renewal 4/3/2025 - 4/2/2030 Specification No. CS-2025-667BD LEED ELECTRIC, INC. $133,000.00 Operations & Maintenance Construction of Back-Up Power for Laboratory Equipment at Plant No. 1 Project No. FR1- 0022 Informal Bid 139091-OR MYTHICS, LLC d/b/a MYTHICS VIII, LLC $112,728.00 Administrative Services Primavera P6 Enterprise Portfolio Management and Software Update Support 6/1/2025 - 5/31/2026 Board Approved OEM Sole Source List M.O. 5/28/25 Item 13 (A) MYTHICS, LLC d/b/a MYTHICS VIII, LLC $121,599.00 Administrative Services Phase II Primavera Software Migration 6/1/2025 - 5/31/2026 Board Approved OEM Sole Source List M.O. 5/28/25 Item 13 (B) ONESOURCE DISTRIBUTORS INC $80,000.00 Operations & Maintenance Convenience Blanket PO for Purchase of Miscellaneous Electrical Supplies and Parts 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) PARKHOUSE TIRE INC $60,000.00 Administrative Services Blanket PO for New Vehicle Tires, Repairs, and Rotation Services 7/1/2025 - 6/30/2026 Bridgestone State Contract #24158 and Continental Tires State Contract #24157, in accordance with Ordinance OC SAN-61, Section 2.03(B) Cooperative Purchases PURE EFFECT, INC.$95,797.52 Administrative Services Removal and Installation of HVAC Filters on Air Handler Units and Exhaust Fans at Lab Building DIR Project # 20250582506 Informal Bid 140006-OR REGENTS OF UNIV OF CALIFORNIA SD $69,130.00 Environmental Services Annual PO to Operate and Maintain Water Quality Sensors at Newport Pier Monitor Station 7/1/2025 - 6/30/2026 w/ Four (4) Optional One-Year Renewal Periods Board Approved OEM Sole Source List M.O. 9/23/20 Item 12 (B) ROCKWELL ENGINEERING & EQUIPMENT CO $55,560.00 Operations & Maintenance Purchase of One (1) Boerger Rotary Lobe Pump Board Approved OEM Sole Source List M.O. 12/14/16 Item 12 (B) SAFETY SHOE SERVICES $80,000.00 Human Resources Convenience Blanket PO for On-Site and In- Store Safety Shoe Services 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) SC FUELS $55,146.81 Operations & Maintenance Purchase of 5,000 Gallons of Chevron 5200 HDAX Low Ash 40 Bulk Oil for Plant No. 2 Specification No. CH-139502 SCHWING BIOSET $65,908.50 Operations & Maintenance Purchase of Two (2) Material Cylinders Board Approved OEM Sole Source List M.O. 12/14/16 Item 12 (B) SIGNATURE PAINTING INC $95,000.00 Administrative Services Convenience Blanket PO for Painting Services at Plant No. 1, Plant No. 2, and Pump Stations 6/1/2025 - 5/31/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) SO-CAL PROPERTY SERVICES $99,500.00 Administrative Services On-Site Vehicle Washing Services 7/1/2025 - 6/30/2026 Informal Bid 140707-OR SOUTHERN TIRE MART, LLC $60,000.00 Administrative Services Convenience Blanket PO for New Vehicle Tires, Parts, Repairs, Rotations, and Services 7/1/2025 - 6/30/2027 Aggregate Contract # MA-080-24010100, in accordance with Ordinance OC SAN-61, Section 2.03(B) Cooperative Purchases STEPHENS MECHANICAL OF THE SOUTHWEST,LLC $91,300.00 Operations & Maintenance Service PO to Manufacture and Install New Base for Pump 3 at Plant No. 1 DIR Project # 20250584631 Informal Bid 140462-OR STO ADVISORS LLC$60,000.00 Operations & Maintenance Consulting Services for Interplant Gas Pipeline Compliance Sole Source Justification 2838 Reason: OEM Equipment/Part/Service TEVORA BUSINESS SOLUTIONS, INC. $50,645.06 Administrative Services Subscription for Varonis Hybrid + MDDR and Copilot SaaS and Varonis Collector License 6/30/2025 - 6/29/2026 Informal Bid 140528- OR THARSOS INC.$57,770.00 Operations & Maintenance T-Lok and Grouting Repairs to Primary Clarifier 8 at Plant No. 1 DIR Project # 20250572013 Informal Bid 139060-OR TONY DEMARIA ELECTRIC INC. $90,000.00 Operations & Maintenance Convenience Blanket PO for Purchase of Urgent Electrical Parts and Services at Plant No. 1, Plant No. 2, and Pump Stations. 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) TRANE COMPANY - EQUIPMENT $90,000.00 Administrative Services Convenience Blanket PO for Service and Repair of Absorption Chillers 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) TRANE U.S. INC. - PARTS $90,000.00 Administrative Services Convenience Blanket PO for Purchase of Emergency HVAC Supplies and Parts for HVAC Shop 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) TREDENT DATA SYSTEMS, INC $75,112.00 Administrative Services Annual Cisco NetCare Maintenance 5/3/25 - 5/2/26 Board Approved OEM Sole Source List M.O. 8/23/17 Item 9 (B) VERTOSOFT LLC $99,100.00 Administrative Services IGM Gravity Software Services and IGM Professional Delivery Services NCPA Omnia Partners Contract # 01-165, in accordance with Ordinance OC SAN-61, Section 2.03(B) Cooperative Purchases WESTAIR GASES & EQUIPMENT INC - LOX $85,000.00 Operations & Maintenance Convenience Blanket PO for Purchase of Emergency Bulk Liquid Oxygen (LOX) and Monthly Telemetry Rental 8/21/2025 - 8/20/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) WIDESPREAD INDUSTRIAL SUPPLIES, INC $140,000.00 Operations & Maintenance Blanket PO For Restocking of Hardware in Bolt Bins at Plant No. 1 And Plant No. 2 7/1/2025 - 6/30/2026 BuyBoard Contract#756- 24, in accordance with Ordinance OC SAN- 61, Section 2.03(B) Cooperative Purchases XYLEM WATER SOLUTIONS USA, INC. $57,813.60 Administrative Services Stock Item Purchase of Eight Thousand (8,000) Membrane Diffuser Discs and Twenty- Four (24) Base Plates Board Approved OEM Sole Source List M.O. 8/28/24 Item 7 (B) Orange County Sanitation District Printed on 8/20/2025Page 5 of 8 powered by Legistar™ File #:2025-4421 Agenda Date:8/27/2025 Agenda Item No:4. Vendor Name Amount Department Description/DiscussionACCURATEENVIRONMENTALSERVICES INC $57,006.50 EnvironmentalServices Ammonia Slip Test and Compliance SourceEngines Emissions Testing at Plant No. 1Informal Bid 139107-ORALPHA ANALYTICALLABORATORIES,INC.$86,135.00 EnvironmentalServices Blanket PO for Outside Contract LaboratoryTesting Services for Special Projects07/01/2025 - 06/30/2026 w/ Four (4) OptionalOne-Year Renewal Periods Specification No.S-2025-677BAY CITYINDUSTRIALSUPPLY $94,380.00 Operations &Maintenance Purchase of One (1) H3SH, Size 14 Gearboxand Oil Supply System Specification No. E-2025-680BDBEAMEX, INC $70,950.00 Operations &Maintenance Purchase of Two (2) MC6-Ex FieldCalibrators, Two (2) PGC Calibration Pumps,and Two (2) EXT160-IS External ModulesBoard Approved OEM Sole Source List M.O.8/22/18 Item 7 (B)BEC BUILDINGELECTRONICCONTROLS INC $140,000.00 Operations &Maintenance Convenience Blanket PO for Fire Alarm CallOut and VESDA Maintenance 07/01/2025 -06/30/2026 GM Article 2, Section 2.2 (b) (1)BIG SKY ELECTRIC,INC.$90,700.00 Operations &Maintenance Replacement of Gas Compressor #1 Cable atPlant No. 1 Informal Bid 140572-ORBIG SKY ELECTRIC,INC.$140,000.00 Operations &Maintenance Convenience Blanket PO for On-CallElectrical Maintenance and Support Services04/28/2025 - 12/31/2025 GM Article 2, Section2.2 (b) (1)C.E. MECHANICAL,INC.$100,000.00 Operations &Maintenance Annual Convenience Blanket PO for HVACServices & Repairs for District Wide Facilities07/01/2025 - 06/30/2026 GM PurchasingPolicy Article 2, Section 2.2 (b) (1)CARAHSOFTTECHNOLOGYCORPORATION $74,517.80 AdministrativeServices ServiceNow System Administration Servicesvia Beyond 20 7/1/2025 - 6/30/2026 NASPOCloud Solutions Contract # AR2472, inAccordance with Ordinance OC SAN-61Section 2.03 (B) Cooperative PurchasesCARAHSOFTTECHNOLOGYCORPORATION$80,903.04 AdministrativeServices Purchase of MuleSoft Anypoint PlatformLicenses 7/1/2025 - 6/30/2026 NASPO CloudSolutions Contract # AR2472, in Accordancewith Ordinance OC SAN-61 Section 2.03 (B)Cooperative PurchasesCARAHSOFTTECHNOLOGYCORPORATION$100,598.40 AdministrativeServices Software Consulting Services for Anaplan6/1/2025 - 9/15/2026 NASPO Cloud SolutionsContract # AR2472, in Accordance withOrdinance OC SAN-61 Section 2.03 (B)Cooperative PurchasesCARAHSOFTTECHNOLOGYCORPORATION$101,270.68 AdministrativeServices Primavera Upgrade to Cloud, Phase 2Integration Using MuleSoft 6/1/2025 -7/27/2025 Board Approved OEM Sole SourceList M.O. 5/28/25 Item 13 (C)CARRIERCORPORATION $91,592.00 AdministrativeServices Replacement of Two (2) Condenser Coils forLab Chillers at Plant No. 1 Board ApprovedOEM Sole Source List M.O. 5/25/22 Item 15(B)CARRIERCORPORATION $115,704.00 Operations &Maintenance Replacement of Fan and Duct at Plant No. 2EPSA Building Sourcewll Contract # 080824-CAR in Accordance with Ordinance OC SAN-61 Section 2.03 (B) Cooperative PurchasesCLIMATEC, LLC $90,000.00 AdministrativeServices Convenience Blanket PO for Services andRepairs for HVAC Systems 7/1/2025 -6/30/2026 GM Purchasing Policy Article 2,Section 2.2 (b) (1)COOPERMACHINERYSERVICES LLC $74,655.44 AdministrativeServices Stock Item Purchase of One (1) Pawl and One(1) Bearing Pillow Board Approved OEM SoleSource List M.O. 8/23/17 Item 9 (B)CORNERSTONEONDEMAND, INC.$112,587.25 AdministrativeServices Cornerstone OnDemand Talent ManagementSystem 6/20/2025 - 6/19/2026 BoardApproved OEM Sole Source List M.O.12/14/16 Item 12 (B)CR&R $70,000.00 AdministrativeServices Convenience Blanket PO for 40 Yard TrashDumpsters at Plant No. 1 and Plant No. 27/1/2025 - 6/30/2026 GM Purchasing PolicyArticle 2, Section 2.2 (b) (1)DEMARIAELECTRIC MOTORSERVICES, INC.$140,000.00 Operations &Maintenance Convenience Blanket PO for Off-Site MotorRepairs for HQ, Plant No. 1, Plant No. 2, &Pump Stations 7/1/2025 - 6/30/2026 GMPurchasing Policy Article 2, Section 2.2 (b) (1)DXPENTERPRISES,INC.$58,474.00 AdministrativeServices Stock Item Purchase of One (1) SEEPEXCoupling Rod, One (1) Rotor, and One (1)Stator Board Approved OEM Sole Source ListM.O. 12/14/16 Item 12 (B)DXPENTERPRISES,INC.$59,110.52 AdministrativeServices Stock Item Purchase of Two (2) SEEPEXStators and One (1) Rotor Board ApprovedOEM Sole Source List M.O. 12/14/16 Item 12(B)EECENVIRONMENTAL $59,850.00 EnvironmentalServices Audit of Stormwater Program Informal Bid139693-OREIDE BAILLY LLP $83,000.00 AdministrativeServices Blanket PO for Financial Auditing Services4/21/2025 - 4/20/2026 w/ Four (4) OptionalOne-Year Renewal Periods SpecificationNo.CS-2025-663BDFISHER SCIENTIFICCOMPANY LLC $95,000.00 EnvironmentalServices Convenience Blanket PO for Purchase ofMiscellaneous Laboratory Supplies 7/1/2025 -6/30/2026 GM Purchasing Policy Article 2,Section 2.2 (b) (1)FLEXIM AMERICASCORPORATION $56,608.00 Operations &Maintenance Purchase of Two (2) Flexim Flowmeters andFour (4) Clamp On Transducers BoardApproved OEM Sole Source List M.O.2/26/2020 Item 13 (B)FLO-SYSTEMS,INC.$62,960.56 Operations &Maintenance Purchase of One (1) Hidrostal RotatingAssembly Sole Source Justification 2865Reason: OEM Equipment/Part/ServiceGARRATTCALLAHANCOMPANY$70,000.00 Operations &Maintenance Convenience Blanket PO for Purchase ofChemicals, Formulas, Equipment, andReagents for Plant No. 1 and Plant No. 27/1/2025 - 6/30/2026 GM Purchasing PolicyArticle 2, Section 2.2 (b) (1)GARTNER, INC. -STAMFORD CT $75,800.00 AdministrativeServices Consulting Services for Gartner SoftwareProgram 7/1/2025 - 6/30/2026 County ofVentura Contract # 9658, in accordance withOrdinance OC SAN-61, Section 2.03(B)Cooperative PurchasesGRAYBARELECTRICCOMPANY WALNUTCA $67,267.77 Operations &Maintenance Purchase of One (1) Fluke Portable NetworkAnalyzer Kit Informal Bid 140007-ORGRAYBARELECTRICCOMPANY WALNUTCA $72,277.70 AdministrativeServices Purchase of Three (3) Ethernet Backplate,Four (4) Processor Modules, One (1) EthernetModule US Communities Contract # EV2370,in accordance with Ordinance OC SAN-61,Section 2.03(B) Cooperative PurchasesGRAYBARELECTRICCOMPANY WALNUTCA $80,000 Operations &Maintenance Convenience Blanket PO for Purchase ofMiscellaneous Electrical Parts and Supplies7/1/2025 - 6/30/2026 GM Purchasing PolicyArticle 2, Section 2.2 (b) (1)GRM INFORMATIONMGMT SERVICESFOR OAs $125,000.00 Communications Convenience Blanket PO for Offsite RecordsStorage, Document Destruction, and RelatedServices 7/1/2025 - 6/30/2026 GM PurchasingPolicy Article 2, Section 2.2 (b) (1)HOME DEPOT $75,000.00 Operations &Maintenance Convenience Blanket PO for Purchase ofMiscellaneous Parts, Materials, Tools,Appliances, and Supplies 7/1/2025 -6/30/2026 GM Purchasing Policy Article 2,Section 2.2 (b) (1)HOWARD RIDLEYCO $149,000.00 Operations &Maintenance Convenience Blanket PO for Repair of Cracksin Structures within Plant No. 1 and Plant No.2 7/1/2025 - 6/30/2026 GM Purchasing PolicyArticle 2, Section 2.2 (b) (1)INSIGHT PUBLICSECTOR, INC.$59,671.75 AdministrativeServices Maintenance and Technical Support for SolarWinds 6/30/2025 - 6/30/2026 OMNIAContract# 23-6692-03, in accordance withOrdinance OC SAN-61, Section 2.03(B)Cooperative PurchasesINTEGRATEDPOWER SERVICESLLC $140,000.00 Operations &Maintenance Blanket PO for Off Site Motor Repair Services7/1/2025 - 6/30/2026 Informal Bid 138145-ORJAMISONENGINEERINGCONTRACTORS,INC.$90,000.00 Operations &Maintenance Convenience Blanket PO for Maintenance andEmergency Repairs of Trickling Filters at PlantNo. 1 and Plant No. 2 7/1/2025 - 6/30/2026GM Purchasing Policy Article 2, Section 2.2(b) (1)JCI JONESCHEMICALS, INC $60,000.00 Operations &Maintenance Purchase of Sodium Hydroxide (NaOH), 50%Solution (Totes) 7/1/2025 - 6/30/2026 w/ Four(4) Optional One-Year Renewal PeriodsSpecification No. C-2025-671LARRY WALKERASSOCIATES, INC.$84,965.00 Engineering Consulting Services for National PollutantDischarge Elimination System PermitRenewal 4/3/2025 - 4/2/2030 SpecificationNo. CS-2025-667BDLEED ELECTRIC,INC.$133,000.00 Operations &Maintenance Construction of Back-Up Power for LaboratoryEquipment at Plant No. 1 Project No. FR1-0022 Informal Bid 139091-ORMYTHICS, LLC d/b/aMYTHICS VIII, LLC $112,728.00 AdministrativeServices Primavera P6 Enterprise PortfolioManagement and Software Update Support6/1/2025 - 5/31/2026 Board Approved OEMSole Source List M.O. 5/28/25 Item 13 (A)MYTHICS, LLC d/b/aMYTHICS VIII, LLC $121,599.00 AdministrativeServices Phase II Primavera Software Migration6/1/2025 - 5/31/2026 Board Approved OEMSole Source List M.O. 5/28/25 Item 13 (B)ONESOURCEDISTRIBUTORS INC $80,000.00 Operations &Maintenance Convenience Blanket PO for Purchase ofMiscellaneous Electrical Supplies and Parts7/1/2025 - 6/30/2026 GM Purchasing PolicyArticle 2, Section 2.2 (b) (1)PARKHOUSE TIREINC $60,000.00 AdministrativeServices Blanket PO for New Vehicle Tires, Repairs,and Rotation Services 7/1/2025 - 6/30/2026Bridgestone State Contract #24158 andContinental Tires State Contract #24157, inaccordance with Ordinance OC SAN-61,Section 2.03(B) Cooperative Purchases PURE EFFECT, INC.$95,797.52 Administrative Services Removal and Installation of HVAC Filters on Air Handler Units and Exhaust Fans at Lab Building DIR Project # 20250582506 Informal Bid 140006-OR REGENTS OF UNIV OF CALIFORNIA SD $69,130.00 Environmental Services Annual PO to Operate and Maintain Water Quality Sensors at Newport Pier Monitor Station 7/1/2025 - 6/30/2026 w/ Four (4) Optional One-Year Renewal Periods Board Approved OEM Sole Source List M.O. 9/23/20 Item 12 (B) ROCKWELL ENGINEERING & EQUIPMENT CO $55,560.00 Operations & Maintenance Purchase of One (1) Boerger Rotary Lobe Pump Board Approved OEM Sole Source List M.O. 12/14/16 Item 12 (B) SAFETY SHOE SERVICES $80,000.00 Human Resources Convenience Blanket PO for On-Site and In- Store Safety Shoe Services 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) SC FUELS $55,146.81 Operations & Maintenance Purchase of 5,000 Gallons of Chevron 5200 HDAX Low Ash 40 Bulk Oil for Plant No. 2 Specification No. CH-139502 SCHWING BIOSET $65,908.50 Operations & Maintenance Purchase of Two (2) Material Cylinders Board Approved OEM Sole Source List M.O. 12/14/16 Item 12 (B) SIGNATURE PAINTING INC $95,000.00 Administrative Services Convenience Blanket PO for Painting Services at Plant No. 1, Plant No. 2, and Pump Stations 6/1/2025 - 5/31/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) SO-CAL PROPERTY SERVICES $99,500.00 Administrative Services On-Site Vehicle Washing Services 7/1/2025 - 6/30/2026 Informal Bid 140707-OR SOUTHERN TIRE MART, LLC $60,000.00 Administrative Services Convenience Blanket PO for New Vehicle Tires, Parts, Repairs, Rotations, and Services 7/1/2025 - 6/30/2027 Aggregate Contract # MA-080-24010100, in accordance with Ordinance OC SAN-61, Section 2.03(B) Cooperative Purchases STEPHENS MECHANICAL OF THE SOUTHWEST,LLC $91,300.00 Operations & Maintenance Service PO to Manufacture and Install New Base for Pump 3 at Plant No. 1 DIR Project # 20250584631 Informal Bid 140462-OR STO ADVISORS LLC$60,000.00 Operations & Maintenance Consulting Services for Interplant Gas Pipeline Compliance Sole Source Justification 2838 Reason: OEM Equipment/Part/Service TEVORA BUSINESS SOLUTIONS, INC. $50,645.06 Administrative Services Subscription for Varonis Hybrid + MDDR and Copilot SaaS and Varonis Collector License 6/30/2025 - 6/29/2026 Informal Bid 140528- OR THARSOS INC.$57,770.00 Operations & Maintenance T-Lok and Grouting Repairs to Primary Clarifier 8 at Plant No. 1 DIR Project # 20250572013 Informal Bid 139060-OR TONY DEMARIA ELECTRIC INC. $90,000.00 Operations & Maintenance Convenience Blanket PO for Purchase of Urgent Electrical Parts and Services at Plant No. 1, Plant No. 2, and Pump Stations. 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) TRANE COMPANY - EQUIPMENT $90,000.00 Administrative Services Convenience Blanket PO for Service and Repair of Absorption Chillers 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) TRANE U.S. INC. - PARTS $90,000.00 Administrative Services Convenience Blanket PO for Purchase of Emergency HVAC Supplies and Parts for HVAC Shop 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) TREDENT DATA SYSTEMS, INC $75,112.00 Administrative Services Annual Cisco NetCare Maintenance 5/3/25 - 5/2/26 Board Approved OEM Sole Source List M.O. 8/23/17 Item 9 (B) VERTOSOFT LLC $99,100.00 Administrative Services IGM Gravity Software Services and IGM Professional Delivery Services NCPA Omnia Partners Contract # 01-165, in accordance with Ordinance OC SAN-61, Section 2.03(B) Cooperative Purchases WESTAIR GASES & EQUIPMENT INC - LOX $85,000.00 Operations & Maintenance Convenience Blanket PO for Purchase of Emergency Bulk Liquid Oxygen (LOX) and Monthly Telemetry Rental 8/21/2025 - 8/20/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) WIDESPREAD INDUSTRIAL SUPPLIES, INC $140,000.00 Operations & Maintenance Blanket PO For Restocking of Hardware in Bolt Bins at Plant No. 1 And Plant No. 2 7/1/2025 - 6/30/2026 BuyBoard Contract#756- 24, in accordance with Ordinance OC SAN- 61, Section 2.03(B) Cooperative Purchases XYLEM WATER SOLUTIONS USA, INC. $57,813.60 Administrative Services Stock Item Purchase of Eight Thousand (8,000) Membrane Diffuser Discs and Twenty- Four (24) Base Plates Board Approved OEM Sole Source List M.O. 8/28/24 Item 7 (B) Orange County Sanitation District Printed on 8/20/2025Page 6 of 8 powered by Legistar™ File #:2025-4421 Agenda Date:8/27/2025 Agenda Item No:4. Vendor Name Amount Department Description/DiscussionACCURATEENVIRONMENTALSERVICES INC $57,006.50 EnvironmentalServices Ammonia Slip Test and Compliance SourceEngines Emissions Testing at Plant No. 1Informal Bid 139107-ORALPHA ANALYTICALLABORATORIES,INC.$86,135.00 EnvironmentalServices Blanket PO for Outside Contract LaboratoryTesting Services for Special Projects07/01/2025 - 06/30/2026 w/ Four (4) OptionalOne-Year Renewal Periods Specification No.S-2025-677BAY CITYINDUSTRIALSUPPLY $94,380.00 Operations &Maintenance Purchase of One (1) H3SH, Size 14 Gearboxand Oil Supply System Specification No. E-2025-680BDBEAMEX, INC $70,950.00 Operations &Maintenance Purchase of Two (2) MC6-Ex FieldCalibrators, Two (2) PGC Calibration Pumps,and Two (2) EXT160-IS External ModulesBoard Approved OEM Sole Source List M.O.8/22/18 Item 7 (B)BEC BUILDINGELECTRONICCONTROLS INC $140,000.00 Operations &Maintenance Convenience Blanket PO for Fire Alarm CallOut and VESDA Maintenance 07/01/2025 -06/30/2026 GM Article 2, Section 2.2 (b) (1)BIG SKY ELECTRIC,INC.$90,700.00 Operations &Maintenance Replacement of Gas Compressor #1 Cable atPlant No. 1 Informal Bid 140572-ORBIG SKY ELECTRIC,INC.$140,000.00 Operations &Maintenance Convenience Blanket PO for On-CallElectrical Maintenance and Support Services04/28/2025 - 12/31/2025 GM Article 2, Section2.2 (b) (1)C.E. MECHANICAL,INC.$100,000.00 Operations &Maintenance Annual Convenience Blanket PO for HVACServices & Repairs for District Wide Facilities07/01/2025 - 06/30/2026 GM PurchasingPolicy Article 2, Section 2.2 (b) (1)CARAHSOFTTECHNOLOGYCORPORATION $74,517.80 AdministrativeServices ServiceNow System Administration Servicesvia Beyond 20 7/1/2025 - 6/30/2026 NASPOCloud Solutions Contract # AR2472, inAccordance with Ordinance OC SAN-61Section 2.03 (B) Cooperative PurchasesCARAHSOFTTECHNOLOGYCORPORATION$80,903.04 AdministrativeServices Purchase of MuleSoft Anypoint PlatformLicenses 7/1/2025 - 6/30/2026 NASPO CloudSolutions Contract # AR2472, in Accordancewith Ordinance OC SAN-61 Section 2.03 (B)Cooperative PurchasesCARAHSOFTTECHNOLOGYCORPORATION$100,598.40 AdministrativeServices Software Consulting Services for Anaplan6/1/2025 - 9/15/2026 NASPO Cloud SolutionsContract # AR2472, in Accordance withOrdinance OC SAN-61 Section 2.03 (B)Cooperative PurchasesCARAHSOFTTECHNOLOGYCORPORATION$101,270.68 AdministrativeServices Primavera Upgrade to Cloud, Phase 2Integration Using MuleSoft 6/1/2025 -7/27/2025 Board Approved OEM Sole SourceList M.O. 5/28/25 Item 13 (C)CARRIERCORPORATION $91,592.00 AdministrativeServices Replacement of Two (2) Condenser Coils forLab Chillers at Plant No. 1 Board ApprovedOEM Sole Source List M.O. 5/25/22 Item 15(B)CARRIERCORPORATION $115,704.00 Operations &Maintenance Replacement of Fan and Duct at Plant No. 2EPSA Building Sourcewll Contract # 080824-CAR in Accordance with Ordinance OC SAN-61 Section 2.03 (B) Cooperative PurchasesCLIMATEC, LLC $90,000.00 AdministrativeServices Convenience Blanket PO for Services andRepairs for HVAC Systems 7/1/2025 -6/30/2026 GM Purchasing Policy Article 2,Section 2.2 (b) (1)COOPERMACHINERYSERVICES LLC $74,655.44 AdministrativeServices Stock Item Purchase of One (1) Pawl and One(1) Bearing Pillow Board Approved OEM SoleSource List M.O. 8/23/17 Item 9 (B)CORNERSTONEONDEMAND, INC.$112,587.25 AdministrativeServices Cornerstone OnDemand Talent ManagementSystem 6/20/2025 - 6/19/2026 BoardApproved OEM Sole Source List M.O.12/14/16 Item 12 (B)CR&R $70,000.00 AdministrativeServices Convenience Blanket PO for 40 Yard TrashDumpsters at Plant No. 1 and Plant No. 27/1/2025 - 6/30/2026 GM Purchasing PolicyArticle 2, Section 2.2 (b) (1)DEMARIAELECTRIC MOTORSERVICES, INC.$140,000.00 Operations &Maintenance Convenience Blanket PO for Off-Site MotorRepairs for HQ, Plant No. 1, Plant No. 2, &Pump Stations 7/1/2025 - 6/30/2026 GMPurchasing Policy Article 2, Section 2.2 (b) (1)DXPENTERPRISES,INC.$58,474.00 AdministrativeServices Stock Item Purchase of One (1) SEEPEXCoupling Rod, One (1) Rotor, and One (1)Stator Board Approved OEM Sole Source ListM.O. 12/14/16 Item 12 (B)DXPENTERPRISES,INC.$59,110.52 AdministrativeServices Stock Item Purchase of Two (2) SEEPEXStators and One (1) Rotor Board ApprovedOEM Sole Source List M.O. 12/14/16 Item 12(B)EECENVIRONMENTAL $59,850.00 EnvironmentalServices Audit of Stormwater Program Informal Bid139693-OREIDE BAILLY LLP $83,000.00 AdministrativeServices Blanket PO for Financial Auditing Services4/21/2025 - 4/20/2026 w/ Four (4) OptionalOne-Year Renewal Periods SpecificationNo.CS-2025-663BDFISHER SCIENTIFICCOMPANY LLC $95,000.00 EnvironmentalServices Convenience Blanket PO for Purchase ofMiscellaneous Laboratory Supplies 7/1/2025 -6/30/2026 GM Purchasing Policy Article 2,Section 2.2 (b) (1)FLEXIM AMERICASCORPORATION $56,608.00 Operations &Maintenance Purchase of Two (2) Flexim Flowmeters andFour (4) Clamp On Transducers BoardApproved OEM Sole Source List M.O.2/26/2020 Item 13 (B)FLO-SYSTEMS,INC.$62,960.56 Operations &Maintenance Purchase of One (1) Hidrostal RotatingAssembly Sole Source Justification 2865Reason: OEM Equipment/Part/ServiceGARRATTCALLAHANCOMPANY$70,000.00 Operations &Maintenance Convenience Blanket PO for Purchase ofChemicals, Formulas, Equipment, andReagents for Plant No. 1 and Plant No. 27/1/2025 - 6/30/2026 GM Purchasing PolicyArticle 2, Section 2.2 (b) (1)GARTNER, INC. -STAMFORD CT $75,800.00 AdministrativeServices Consulting Services for Gartner SoftwareProgram 7/1/2025 - 6/30/2026 County ofVentura Contract # 9658, in accordance withOrdinance OC SAN-61, Section 2.03(B)Cooperative PurchasesGRAYBARELECTRICCOMPANY WALNUTCA $67,267.77 Operations &Maintenance Purchase of One (1) Fluke Portable NetworkAnalyzer Kit Informal Bid 140007-ORGRAYBARELECTRICCOMPANY WALNUTCA $72,277.70 AdministrativeServices Purchase of Three (3) Ethernet Backplate,Four (4) Processor Modules, One (1) EthernetModule US Communities Contract # EV2370,in accordance with Ordinance OC SAN-61,Section 2.03(B) Cooperative PurchasesGRAYBARELECTRICCOMPANY WALNUTCA $80,000 Operations &Maintenance Convenience Blanket PO for Purchase ofMiscellaneous Electrical Parts and Supplies7/1/2025 - 6/30/2026 GM Purchasing PolicyArticle 2, Section 2.2 (b) (1)GRM INFORMATIONMGMT SERVICESFOR OAs $125,000.00 Communications Convenience Blanket PO for Offsite RecordsStorage, Document Destruction, and RelatedServices 7/1/2025 - 6/30/2026 GM PurchasingPolicy Article 2, Section 2.2 (b) (1)HOME DEPOT $75,000.00 Operations &Maintenance Convenience Blanket PO for Purchase ofMiscellaneous Parts, Materials, Tools,Appliances, and Supplies 7/1/2025 -6/30/2026 GM Purchasing Policy Article 2,Section 2.2 (b) (1)HOWARD RIDLEYCO $149,000.00 Operations &Maintenance Convenience Blanket PO for Repair of Cracksin Structures within Plant No. 1 and Plant No.2 7/1/2025 - 6/30/2026 GM Purchasing PolicyArticle 2, Section 2.2 (b) (1)INSIGHT PUBLICSECTOR, INC.$59,671.75 AdministrativeServices Maintenance and Technical Support for SolarWinds 6/30/2025 - 6/30/2026 OMNIAContract# 23-6692-03, in accordance withOrdinance OC SAN-61, Section 2.03(B)Cooperative PurchasesINTEGRATEDPOWER SERVICESLLC $140,000.00 Operations &Maintenance Blanket PO for Off Site Motor Repair Services7/1/2025 - 6/30/2026 Informal Bid 138145-ORJAMISONENGINEERINGCONTRACTORS,INC.$90,000.00 Operations &Maintenance Convenience Blanket PO for Maintenance andEmergency Repairs of Trickling Filters at PlantNo. 1 and Plant No. 2 7/1/2025 - 6/30/2026GM Purchasing Policy Article 2, Section 2.2(b) (1)JCI JONESCHEMICALS, INC $60,000.00 Operations &Maintenance Purchase of Sodium Hydroxide (NaOH), 50%Solution (Totes) 7/1/2025 - 6/30/2026 w/ Four(4) Optional One-Year Renewal PeriodsSpecification No. C-2025-671LARRY WALKERASSOCIATES, INC.$84,965.00 Engineering Consulting Services for National PollutantDischarge Elimination System PermitRenewal 4/3/2025 - 4/2/2030 SpecificationNo. CS-2025-667BDLEED ELECTRIC,INC.$133,000.00 Operations &Maintenance Construction of Back-Up Power for LaboratoryEquipment at Plant No. 1 Project No. FR1-0022 Informal Bid 139091-ORMYTHICS, LLC d/b/aMYTHICS VIII, LLC $112,728.00 AdministrativeServices Primavera P6 Enterprise PortfolioManagement and Software Update Support6/1/2025 - 5/31/2026 Board Approved OEMSole Source List M.O. 5/28/25 Item 13 (A)MYTHICS, LLC d/b/aMYTHICS VIII, LLC $121,599.00 AdministrativeServices Phase II Primavera Software Migration6/1/2025 - 5/31/2026 Board Approved OEMSole Source List M.O. 5/28/25 Item 13 (B)ONESOURCEDISTRIBUTORS INC $80,000.00 Operations &Maintenance Convenience Blanket PO for Purchase ofMiscellaneous Electrical Supplies and Parts7/1/2025 - 6/30/2026 GM Purchasing PolicyArticle 2, Section 2.2 (b) (1)PARKHOUSE TIREINC $60,000.00 AdministrativeServices Blanket PO for New Vehicle Tires, Repairs,and Rotation Services 7/1/2025 - 6/30/2026Bridgestone State Contract #24158 andContinental Tires State Contract #24157, inaccordance with Ordinance OC SAN-61,Section 2.03(B) Cooperative PurchasesPURE EFFECT, INC.$95,797.52 AdministrativeServices Removal and Installation of HVAC Filters onAir Handler Units and Exhaust Fans at LabBuilding DIR Project # 20250582506 InformalBid 140006-ORREGENTS OF UNIVOF CALIFORNIA SD $69,130.00 EnvironmentalServices Annual PO to Operate and Maintain WaterQuality Sensors at Newport Pier MonitorStation 7/1/2025 - 6/30/2026 w/ Four (4)Optional One-Year Renewal Periods BoardApproved OEM Sole Source List M.O. 9/23/20Item 12 (B)ROCKWELLENGINEERING &EQUIPMENT CO $55,560.00 Operations &Maintenance Purchase of One (1) Boerger Rotary LobePump Board Approved OEM Sole Source ListM.O. 12/14/16 Item 12 (B)SAFETY SHOESERVICES $80,000.00 HumanResources Convenience Blanket PO for On-Site and In-Store Safety Shoe Services 7/1/2025 -6/30/2026 GM Purchasing Policy Article 2,Section 2.2 (b) (1)SC FUELS $55,146.81 Operations &Maintenance Purchase of 5,000 Gallons of Chevron 5200HDAX Low Ash 40 Bulk Oil for Plant No. 2Specification No. CH-139502SCHWING BIOSET $65,908.50 Operations &Maintenance Purchase of Two (2) Material Cylinders BoardApproved OEM Sole Source List M.O.12/14/16 Item 12 (B)SIGNATUREPAINTING INC $95,000.00 AdministrativeServices Convenience Blanket PO for PaintingServices at Plant No. 1, Plant No. 2, andPump Stations 6/1/2025 - 5/31/2026 GMPurchasing Policy Article 2, Section 2.2 (b) (1)SO-CAL PROPERTYSERVICES $99,500.00 AdministrativeServices On-Site Vehicle Washing Services 7/1/2025 -6/30/2026 Informal Bid 140707-ORSOUTHERN TIREMART, LLC $60,000.00 AdministrativeServices Convenience Blanket PO for New VehicleTires, Parts, Repairs, Rotations, and Services7/1/2025 - 6/30/2027 Aggregate Contract #MA-080-24010100, in accordance withOrdinance OC SAN-61, Section 2.03(B)Cooperative PurchasesSTEPHENSMECHANICAL OFTHESOUTHWEST,LLC $91,300.00 Operations &Maintenance Service PO to Manufacture and Install NewBase for Pump 3 at Plant No. 1 DIR Project #20250584631 Informal Bid 140462-ORSTO ADVISORS LLC$60,000.00 Operations &Maintenance Consulting Services for Interplant GasPipeline Compliance Sole Source Justification2838 Reason: OEM Equipment/Part/ServiceTEVORA BUSINESSSOLUTIONS, INC.$50,645.06 AdministrativeServices Subscription for Varonis Hybrid + MDDR andCopilot SaaS and Varonis Collector License6/30/2025 - 6/29/2026 Informal Bid 140528- OR THARSOS INC.$57,770.00 Operations & Maintenance T-Lok and Grouting Repairs to Primary Clarifier 8 at Plant No. 1 DIR Project # 20250572013 Informal Bid 139060-OR TONY DEMARIA ELECTRIC INC. $90,000.00 Operations & Maintenance Convenience Blanket PO for Purchase of Urgent Electrical Parts and Services at Plant No. 1, Plant No. 2, and Pump Stations. 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) TRANE COMPANY - EQUIPMENT $90,000.00 Administrative Services Convenience Blanket PO for Service and Repair of Absorption Chillers 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) TRANE U.S. INC. - PARTS $90,000.00 Administrative Services Convenience Blanket PO for Purchase of Emergency HVAC Supplies and Parts for HVAC Shop 7/1/2025 - 6/30/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) TREDENT DATA SYSTEMS, INC $75,112.00 Administrative Services Annual Cisco NetCare Maintenance 5/3/25 - 5/2/26 Board Approved OEM Sole Source List M.O. 8/23/17 Item 9 (B) VERTOSOFT LLC $99,100.00 Administrative Services IGM Gravity Software Services and IGM Professional Delivery Services NCPA Omnia Partners Contract # 01-165, in accordance with Ordinance OC SAN-61, Section 2.03(B) Cooperative Purchases WESTAIR GASES & EQUIPMENT INC - LOX $85,000.00 Operations & Maintenance Convenience Blanket PO for Purchase of Emergency Bulk Liquid Oxygen (LOX) and Monthly Telemetry Rental 8/21/2025 - 8/20/2026 GM Purchasing Policy Article 2, Section 2.2 (b) (1) WIDESPREAD INDUSTRIAL SUPPLIES, INC $140,000.00 Operations & Maintenance Blanket PO For Restocking of Hardware in Bolt Bins at Plant No. 1 And Plant No. 2 7/1/2025 - 6/30/2026 BuyBoard Contract#756- 24, in accordance with Ordinance OC SAN- 61, Section 2.03(B) Cooperative Purchases XYLEM WATER SOLUTIONS USA, INC. $57,813.60 Administrative Services Stock Item Purchase of Eight Thousand (8,000) Membrane Diffuser Discs and Twenty- Four (24) Base Plates Board Approved OEM Sole Source List M.O. 8/28/24 Item 7 (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.Below is a summary of General Manager approved maintenance and repair Services Task Orders,in amounts exceeding $50,000,for the fourth quarter of fiscal year 2024-25: Vendor Name Amount Department Description/Discussion THARSOS INC.$265,200.00 Operations & Maintenance Replacement of Main Sewage Pump No. 4 with Spare Pump at Plant No. 1 Specification No. TOB-2025-679 of Master Service Contract S-2024-1447BD-6 THARSOS INC.$89,346.00 Operations & Maintenance Cured in Place Lining of Two (2) 6-Inch Conduits to Distribution Center H at Plant No. 2; Specification No. TOB-2025-676 of Master Service Contract S-2024-1447BD-6Orange County Sanitation District Printed on 8/20/2025Page 7 of 8 powered by Legistar™ File #:2025-4421 Agenda Date:8/27/2025 Agenda Item No:4. Vendor Name Amount Department Description/Discussion THARSOS INC.$265,200.00 Operations & Maintenance Replacement of Main Sewage Pump No. 4 with Spare Pump at Plant No. 1 Specification No. TOB-2025-679 of Master Service Contract S-2024-1447BD-6 THARSOS INC.$89,346.00 Operations & Maintenance Cured in Place Lining of Two (2) 6-Inch Conduits to Distribution Center H at Plant No. 2; Specification No. TOB-2025-676 of Master Service Contract S-2024-1447BD-6 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 8/20/2025Page 8 of 8 powered by Legistar™ BOARD OF DIRECTORS Agenda Report Headquarters 18480 Bandilier Circle Fountain Valley, CA 92708 (714) 593-7433 File #:2025-4432 Agenda Date:8/27/2025 Agenda Item No:5. FROM:Robert Thompson, General Manager Originator: Laura Maravilla, Director of Human Resources SUBJECT: PURCHASE OF MULTI-GAS MONITORS AND ASSOCIATED SERVICES,SPECIFICATION NO.E- 2025-653BD GENERAL MANAGER'S RECOMMENDATION RECOMMENDATION: A. Approve an Equipment and Services Contract to Blackline Safety Corp. for the Purchase of Multi-Gas Monitors and Associated Services, Specification No. E-2025-653BD for a total amount not to exceed $1,389,217.72; and B. Approve a contingency of $69,460.89 (5%). BACKGROUND Since 2013,the Orange County Sanitation District (OC San)has relied on a fleet of multi-gas monitors to protect staff working in the reclamation plants,pump stations,and the broader service area where the presence of sewer gases may exist.These devices,now aging,are critical pieces of personal protective equipment used daily by staff.The existing fleet of monitors has exceeded its expected service life,resulting in increased equipment and labor costs due to obsolescence of critical components and the need for frequent repairs by staff.The multi-gas monitors alert staff to the presence of hydrogen sulfide,carbon monoxide,combustible gases,and oxygen deficient or enriched atmospheres.They are especially vital for confined space entries,whereby multi-gas monitors serve as a frontline defense to ensure worker safety and are mandated by Cal/OSHA regulations for wastewater collection and treatment operations. Since the 2013 purchase,gas detection technology has advanced significantly.Today’s industry standard monitors offer a wide range of enhanced features designed to improve both worker safety and operational efficiency.To align with these advancements,OC San is procuring 500 passive monitors,40 pumped monitors,20 calibration stations,and a cloud-based software platform to support centralized data management and analytics.The purchase also includes essential accessories such as chargers and cables to ensure full operational readiness.The software platform includes cloud-based data storage,real-time gas exposure alerts,fall and no-motion detection,lone worker monitoring,and panic/SOS alert capabilities.These capabilities not only elevate protection for workers,especially in confined spaces,but also streamline incident response,compliance tracking,and data reporting,reinforcing OC San’s commitment to safety,regulatory compliance,and Orange County Sanitation District Printed on 8/20/2025Page 1 of 5 powered by Legistar™ File #:2025-4432 Agenda Date:8/27/2025 Agenda Item No:5. operational excellence. The monitors are integrated with automated bump testing,calibration,and charging through docking stations,reducing manual maintenance and downtime.The gas monitors are also equipped with modular,field-replaceable sensor cartridges,allowing for quick and easy replacement without the need for recalibration,which minimizes service interruptions and saves on labor.Backed by a four- year warranty,the equipment is designed for long-term reliability,with minimal anticipated maintenance or repair needs, reducing both downtime and lifecycle costs. RELEVANT STANDARDS ·Ensure the public’s money is wisely spent ·Protect public safety ·Comply with California Code of Regulations for Control of Hazardous Substances ·Comply with OC San Policy on Confined Space Safety ·Commitment to safety & reducing risk in all operations ·Provide a safe and collegial workplace PROBLEM OC San’s current fleet of multi-gas monitors,originally acquired in 2013,has exceeded its expected service life.The aging equipment has led to increased maintenance costs,part obsolescence,and higher labor demands for repairs.As a result,the organization faces growing challenges in maintaining reliable gas detection capabilities essential for worker safety,regulatory compliance,and operational continuity in high-risk environments such as confined spaces and wastewater facilities. PROPOSED SOLUTION Approve an Equipment and Services Contract to purchase multi-gas monitors and associated services to replace OC San’s aging fleet of multi-gas monitors with modern,industry standard units that offer enhanced safety features, improved reliability, and streamlined maintenance. TIMING CONCERNS There are potential safety and compliance risks associated with prolonging the use of obsolete equipment that could be alleviated by purchasing new multi-gas monitors.Additionally,delaying procurement may result in price adjustments or the need to re-negotiate terms,as vendor proposals are only valid for 180 calendar days from the date of submittal. RAMIFICATIONS OF NOT TAKING ACTION Failure to replace the outdated monitors could lead to increased equipment failures,higher maintenance costs,limited availability of replacement parts,and potential safety risks for employees. It may also jeopardize regulatory compliance and delay emergency response in critical situations. Orange County Sanitation District Printed on 8/20/2025Page 2 of 5 powered by Legistar™ File #:2025-4432 Agenda Date:8/27/2025 Agenda Item No:5. PRIOR COMMITTEE/BOARD ACTIONS N/A ADDITIONAL INFORMATION A Request for Proposal was issued on January 30,2025 via PlanetBids.Proposals were due on February 28,2025.OC San received six (6)proposals which are valid for 180 calendar days from the proposal due date. Prior to receipt of proposals,an Evaluation team was formed consisting of an OC San Project Manager/Engineer with support from a Principal Safety and Health Specialist,Instrumentation Supervisor,Lead Instrumentation Technician,and an Information Tech Analyst III.The team was chaired by a Purchasing representative as a non-voting member.On March 10,2025,an evaluation kick-off meeting was held with the evaluation team to discuss the policies and procedures of the evaluation process. Individual scoring was the chosen method of evaluation for this procurement.Members of the team performed an independent review of the proposals and later met as a group with the Buyer to discuss their preliminary scores and discuss any questions/concerns they had.Proposals were evaluated based on the following criteria: CRITERION WEIGHT 1. Qualifications & Experience of Firm 5% 2. Proposed Product 30% 3. Work Plan 30% 4. Demonstrations 15% 5. Cost 20% The evaluation team first reviewed and scored the proposals based upon the criteria listed above, other than cost. Rank Proposer Criterion 1 (Max 5%) Criterion 2 (Max 30%) Criterion 3 (Max 30%) Subtotal Score (Max 65%) 1 Blackline Safety Corp. 4%27%26%57% 2 Mallory Safety and Supply 4%22%20%46% 3 SK-West, Inc.4%14%17%35% 4 Arbill 3%13%10%26% 5 West Coast Safety Supply, Inc. 1%13%6%20% Orange County Sanitation District Printed on 8/20/2025Page 3 of 5 powered by Legistar™ File #:2025-4432 Agenda Date:8/27/2025 Agenda Item No:5. The two highest ranking firms,Blackline Safety Corp.and Mallory Safety and Supply,were selected for demonstrations.The demonstrations were conducted on May 28,2025,and May 29,2025, respectively.Following the demonstrations,the evaluation team ranked the firms based on both the proposals and interviews using the evaluation criteria and weighting listed above. Rank Proposer Subtotal Score (Max 65%) Presentation (Max 15%) Total Score without cost (Max 80%) 1 Blackline Safety Corp. 57%13%70% 2 Mallory Safety and Supply 46%12%58% 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 80%) Cost (Max 20%) Total Weighted Score (Max 100%) 1 Blackline Safety Corp. 70%20%90% 2 Mallory Safety and Supply 58%3%61% The team entered negotiations with Blackline Safety Corp.to clarify the cost proposal provided and requested a Best and Final Offer (BAFO).Through these negotiations,Blackline Safety Corp. reduced some of their rates and applied a discount on some of the fees.The following table summarizes the revised cost achieved through the negotiation process. Rank Proposer ORIGINAL COST BAFO 1 Blackline Safety Corp.$1,597,890.72 $1,389,217.72 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 91,Capital Equipment Budget Detail) and the budget is sufficient for the recommended action. Orange County Sanitation District Printed on 8/20/2025Page 4 of 5 powered by Legistar™ File #:2025-4432 Agenda Date:8/27/2025 Agenda Item No:5. Date of Approval Contract Amount Contingency 08/27/2025 $1,389,217.72 $69,460.89 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 Orange County Sanitation District Printed on 8/20/2025Page 5 of 5 powered by Legistar™ Equipment and Services Contract 1 of 10 Specification No. E-2025-653BD Revision 073024 EQUIPMENT AND SERVICES CONTRACT Purchase of Multi-Gas Monitors and Associated Services Specification No. E-2025-653BD 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 Blackline Safety Corp. (hereinafter referred to as “Vendor”), and collectively referred to herein as the “Parties.” R E C I T A L S WHEREAS, OC San desires to acquire passive portable multi-gas detectors, pumped portable multi-gas detectors, calibration/docking stations, and a cloud-based management software to manage the multi-gas detectors (“Equipment”) and obtain assistance with seamless integration of the software and hardware, and training services (“Services”) as described in Exhibit “A” attached hereto and incorporated herein by this reference (collectively referred to herein as “Equipment and Services”); and WHEREAS, Vendor 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 Vendor to provide the Equipment and Services; and WHEREAS, OC San selected Vendor to provide the Equipment and Services in accordance with OC San’s current Purchasing Ordinance; and WHEREAS, on August 27, 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 Vendor. 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” – Technical 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. Equipment and Services Contract 2 of 10 Specification No. E-2025-653BD Revision 073024 1.4 Except as expressly provided otherwise, OC San accepts no liability for any expenses, losses, or actions incurred or undertaken by Vendor as a result of work performed in anticipation of acquisition of the Equipment and Services by OC San. 1.5 Work Hours: All work shall be scheduled Monday through Thursday, between the hours of 7:00 a.m. and 4:00 p.m. 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 Vendor shall provide the Equipment and 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, Vendor warrants that: (a) it has investigated the work to be performed; and (b) it understands the facilities, difficulties, and restrictions of the work under this Contract. Should Vendor 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 Vendor’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 shall be delivered and the Services shall be provided within 175 calendar days from the effective date of the Notice to Proceed. 3.2 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 provided under this Contract, OC San shall pay Vendor a total amount of One Million Three Hundred Eighty-nine Equipment and Services Contract 3 of 10 Specification No. E-2025-653BD Revision 073024 Thousand Two Hundred Seventeen Dollars and Seventy-two Cents ($1,389,217.72), as specified in Exhibit “B”, Cost Proposal Form. 4.2 Vendor 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 Project Manager or designee. OC San shall be the determining party, in its sole discretion, as to whether the Equipment has been satisfactorily delivered and the Services have been satisfactorily completed. 5.2 Vendor 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 Vendor’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 Vendor’s responsibility to interpret and implement any prevailing wage requirements and Vendor agrees to pay any penalty or civil damages resulting from a violation of the prevailing wage laws. 6.2 Vendor 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 Vendor 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), Vendor shall post a copy of the prevailing rate of per diem wages at the job site. 6.5 Vendor and its subcontractors shall maintain accurate payroll records and shall comply with all the provisions of Labor Code section 1776. Vendor 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 Vendor 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), Equipment and Services Contract 4 of 10 Specification No. E-2025-653BD Revision 073024 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, Vendor 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 Vendor and its subcontractors shall comply with Labor Code section 1774 and section 1775. Pursuant to Labor Code section 1775, the Vendor 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 Vendor or its subcontractor. 6.7 Vendor and its subcontractors shall comply with Labor Code sections 1810 through 1815. Vendor 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 Vendor 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 Vendor and its subcontractors shall comply with Labor Code sections 1777.5, 1777.6, and 1777.7 concerning the employment of apprentices by Vendor or any subcontractor. 6.9 Vendor 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 Vendor and its subcontractors will be required to secure the payment of compensation to employees. Pursuant to Labor Code section 1861, Vendor, 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’ Equipment and Services Contract 5 of 10 Specification No. E-2025-653BD Revision 073024 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.” Vendor 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 Vendor, any subcontractor, or by the personnel of either will be subject to repair or replacement by Vendor at no cost to OC San. 8. Freight (F.O.B. Destination). Vendor 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. Vendor 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 Vendor relating to the invoices submitted by Vendor pursuant to this Contract. OC San shall have access to only the items as it pertains to the equipment and services provided to OC San under this Contract. Any audit requires seven (7) days prior written notice to Vendor, and costs incurred to conduct such audit shall be borne by OC San. 10. Contractor Safety Standards and Human Resources Policies. OC San requires Vendor 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 Vendor is required to follow the most stringent regulatory requirement at no additional cost to OC San. Vendor, 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. Vendor 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. Vendor shall not commence work under this Contract until all required insurance is obtained in a form acceptable to OC San, nor shall Vendor allow any subcontractor to commence service pursuant to a subcontract until all insurance required of the subcontractor has been obtained. Vendor shall obtain written confirmation from its OC San- approved subcontractors that they are bound by and subject to all of the terms and conditions of the Request for Proposal and Contract. Failure to obtain and maintain the required insurance coverage shall result in termination of this Contract. Vendor hereby acknowledges that no subcontract or order will relieve Vendor from its obligations to OC San, including, but not limited to, Vendor’s insurance and indemnification obligations. Vendor further acknowledges that no subcontract or order will bind OC San. 12. Indemnification and Hold Harmless Provision. Vendor 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 Vendor’s Equipment and/or Services under this Contract, or by its subcontractor(s), or by anyone directly or indirectly employed by Vendor, and whether Equipment and Services Contract 6 of 10 Specification No. E-2025-653BD Revision 073024 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, Vendor 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 Vendor’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 Vendor or anyone employed by or working under Vendor. To the maximum extent permitted by law, Vendor’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. Vendor 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. Notwithstanding anything to the contrary in this Contract, the total aggregate liability of Vendor, whether in contract, tort, warranty, or otherwise, shall not exceed two million dollars ($2,000,000). This limitation shall not apply to third-party claims covered under the indemnification obligations and to liability arising from gross negligence or willful misconduct. 13. Independent Contractor. The relationship between the Parties hereto is that of an independent contractor and nothing herein shall be deemed to make Vendor an OC San employee. During the performance of this Contract, Vendor and its officers, employees, and agents shall act in an independent capacity and shall not act as OC San’s officers, employees, or agents. Vendor and its officers, employees, and agents shall obtain no rights to any benefits which accrue to OC San’s employees. 14. Subcontracting and Assignment. Vendor 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. 15. Disclosure. Vendor agrees not to disclose, to any third party, data or information generated from this Contract without the prior written consent from OC San. 16. Non-Liability of OC San Officers and Employees. No officer or employee of OC San shall be personally liable to Vendor, 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 Vendor or to its successor, or for breach of any obligation under the terms of this Contract. 17. Third-Party Rights. Nothing in this Contract shall be construed to give any rights or benefits to anyone other than OC San and Vendor. 18. Applicable Laws and Regulations. Vendor shall comply with all applicable Federal, State, and local laws, rules, and regulations. Vendor also agrees to indemnify and hold OC San harmless from any and all damages and liabilities assessed against OC San as a result of Vendor’s noncompliance therewith. Any provision required by law to be included herein Equipment and Services Contract 7 of 10 Specification No. E-2025-653BD Revision 073024 shall be deemed included as a part of this Contract whether or not specifically included or referenced. 19. Licenses, Permits, Ordinances, and Regulations. Vendor 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 Vendor. 20. Regulatory Requirements. Vendor 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. 21. Environmental Compliance. Vendor shall, at its own cost and expense, comply with all Federal, State, and local environmental laws, regulations, and policies which apply to the Vendor, its subcontractors, and the Equipment and Services, including, but not limited to, all applicable Federal, State, and local air pollution control laws and regulations. 22. Warranties. In addition to the warranties stated in Exhibit “A,” the following shall apply: 22.1 Manufacturer’s standard warranty shall apply. All manufacturer warranties shall commence on the date of acceptance of the work as complete by the OC San Project Manager or designee. 22.2 Vendor’s Warranty (Guarantee): If within a four (4) year period of completion of all work specified in Exhibit “A,” OC San informs Vendor that any portion of the Equipment or Services provided fails to meet the standards required under this Contract, Vendor shall, within the time agreed to by OC San and Vendor, take all such actions as are necessary to correct or complete the noted deficiency(ies) at Vendor's sole expense. 23. Dispute Resolution. 23.1 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. 23.2 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 Equipment and Services Contract 8 of 10 Specification No. E-2025-653BD Revision 073024 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. 24. Remedies. In addition to other remedies available in law or equity, if the Vendor 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 Vendor. In the event OC San elects to “cover” as described in (c), OC San shall be entitled to recover from Vendor as damages the difference between the cost of the substitute equipment and services and the Contract price, together with any incidental or consequential damages. 25. 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. 26. Termination. 26.1 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 60-day written notice from OC San. Upon receipt of a termination notice, Vendor shall immediately discontinue all work under this Contract (unless the notice directs otherwise). OC San shall thereafter, within thirty (30) days, pay Vendor for work performed (cost and fee) through the date of termination. Vendor 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 Vendor other than for work performed through the date of termination. 26.2 OC San reserves the right to terminate this Contract immediately upon OC San’s determination that Vendor is not complying with the Scope of Work requirements, if the level of service is inadequate, or for any other default of this Contract. 26.3 OC San may also immediately terminate this Contract for default, in whole or in part, by written notice to Vendor: ▪ if Vendor becomes insolvent or files a petition under the Bankruptcy Act; or ▪ if Vendor sells its business; or ▪ if Vendor breaches any of the terms of this Contract; or ▪ if the total amount of compensation exceeds the amount authorized under this Contract. 26.4 All OC San’s property in the possession or control of Vendor shall be returned by Vendor to OC San on demand or at the expiration or early termination of this Contract, whichever occurs first. 27. 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. Equipment and Services Contract 9 of 10 Specification No. E-2025-653BD Revision 073024 28. 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 Vendor 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. 29. 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. 30. Survival. The provisions of this Contract dealing with payment, warranty, indemnity, and forum for enforcement shall survive expiration or early termination of this Contract. 31. 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. 32. Notices. 32.1 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: Cody Harms Buyer Orange County Sanitation District 18480 Bandilier Circle Fountain Valley, CA 92708 CHarms@ocsan.gov Vendor: Senior Manager, Contracts - Global Blackline Safety Corp. 803 24 Avenue SE Unit 100 Calgary, AB T2G1P5 contracts@blacklinesafety.com 32.2 Each party shall provide the other party written notice of any change in address as soon as practicable. Equipment and Services Contract 10 of 10 Specification No. E-2025-653BD Revision 073024 33. Read and Understood. By signing this Contract, Vendor represents that it has read and understood the terms and conditions of the Contract. 34. 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. 35. 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: Jon Dumitru Vice-Chairman, Board of Directors Dated: _________________ By: Kelly A. Lore Clerk of the Board Dated: _________________ By: Kevin Work Purchasing & Contracts Manager BLACKLINE SAFETY CORP. Dated: _________________ By: Paul Semak VP of Sales - North America DO EXHIBIT A Specification No. E-2025-653BD EXHIBIT A SCOPE OF WORK For Purchase of Multi-Gas Monitors and Associated Services EXHIBIT A Page 1 of 7 Specification No. E-2025-653BD EXHIBIT A SCOPE OF WORK Purchase of Multi-Gas Monitors and Associated Services SPECIFICATION NO. E-2025-653BD EXECUTIVE SUMMARY/OVERVIEW The Orange County Sanitation District (OC San) operates the third largest wastewater agency west of the Mississippi River. Since 1954, we have safely collected, treated, and disposed of and/or reclaimed the wastewater generated by 2.6 million people living and working in central and northwestern Orange County, California. Each day we treat approximately 185 million gallons of wastewater, enough water to fill Angel stadium over two and a quarter times. 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. Our facilities include ~380 miles of sewer pipes, located throughout the county, and two treatment plants – one in Fountain Valley, CA and the other in Huntington Beach, CA – where wastewater is treated in accordance with strict state and federal standards. Our employees are on duty protecting health and the environment by ensuring the sewer system efficiently operates 24 hours a day, 7 days a week and 365 days a year. We are very proud of the job we do and take pride in providing our customers with quality service. 1. Purpose and Background OC San employees are required to carry on them a multi-gas detector when working within the two treatment plants, working within or alongside our sewers, within the outlying pump stations, and for confined space entries. The existing multi-gas detectors are aging, and lack the technology for gas sensor modularity, ease of maintenance, real-time reporting, and emergency alerts. OC San seeks to purchase 500 passive multi-gas detectors, 40 pumped multi-gas detectors, 20 calibration/docking stations, and a cloud- based management software to manage the multi-gas detectors. 2. Software & Hardware Requirements 2.1. Multi-Gas Detectors 2.1.1. Purchase 500 passive (diffusive) portable multi-gas detectors. 2.1.1.1. The detectors shall be capable of being clipped onto apparel/PPE. 2.1.1.2. Each detector shall be provided with one 110-volt wall charger. 2.1.2. Purchase 40 pumped (active) portable muti-gas detectors. 2.1.2.1. Shall have an integrated pump that is operational with tubing lengths up to 100 ft. 2.1.2.2. Shall be capable of accepting a pre-filter to screen out larger debris and dirt. EXHIBIT A Page 2 of 7 Specification No. E-2025-653BD 2.1.2.3. Each detector shall be provided with one 110-volt wall charger. 2.1.3. The detectors shall: 2.1.3.1. Be capable of measuring airborne concentrations of carbon monoxide (CO), hydrogen sulfide (H2S), combustible gasses (LEL), and oxygen (O2) deficiency or enrichment. 2.1.3.1.1. CO sensor shall have a range of at least 0 – 2,000 parts per million (PPM) 2.1.3.1.2. H2S sensors shall have a range of at least 0 – 500 PPM 2.1.3.1.3. LEL sensor shall have a range of 0 – 100% LEL; be capable of providing for a wide range of flammable gases, including, but not limited to, methane. 2.1.3.1.4. O2 sensor shall have a range of 0-25% by volume 2.1.3.2. Be IP67 (dust/water immersion) and T4 (intrinsically safe) rated. 2.1.3.3. Have protective rubber cover to minimize damage from drops. 2.1.3.4. Have visual and audio (minimum 95 dBA at a distance of at least 10 cm) alarms. 2.1.3.5. Be easy to hold in one hand without excessive stress or discomfort. 2.1.3.6. Have rechargeable batteries with run time on typical settings of at least 18 hours. 2.1.3.7. Be equipped with an accelerometer and gyroscopes to detect if a person is either motionless or has experienced a slip, trip, or fall incident. 2.1.3.8. Be equipped with an emergency button to trigger immediate incident response. 2.1.3.9. Be equipped with lone worker monitoring and wellness check-ins. 2.1.3.10. Have the capability to change-out on-hand cartridges within 2-minutes and without opening the base device. 2.1.3.11. Have the capability to interchange with single-gas sensors to measure for ammonia (NH3), carbon dioxide (CO2), chlorine gas (Cl2), nitrogen dioxide (NO2), ozone (O3), and volatile organic compounds (VOC). 2.1.3.12. Be capable of displaying current levels on the detectors screen, and be able to detect and alert over limit, time-weighted average (TWA), short-term exposure limit (STEL), high gas alert, low gas alert, bump test and calibration notifications, and bump test and calibration failures. 2.1.3.13. Have the ability to transmit data via Wireless Fidelity (WiFi) and/or cellular to the cloud. 2.1.3.14. Store data locally on the atmospheric monitoring device when in areas of no connectivity and automatically upload all data to the cloud connected server upon reconnection. 2.1.3.15. Be capable of wireless firmware upgrades and configuration changes via WiFi and/or cellular. 2.2. Docking Stations EXHIBIT A Page 3 of 7 Specification No. E-2025-653BD 2.2.1. Purchase 20 calibration/docking stations. 2.2.2. The docking stations shall: 2.2.2.1. Be capable of charging, bump testing, and calibrating the gas detectors and not require any other connections other than for powering the dock. 2.2.2.2. Have the ability to transmit data in real-time from the atmospheric monitoring devices and the dock and view status through a web portal in the cloud. 2.2.2.3. Only require a power cable and connection to calibration gas cylinder for operation. 2.3. Cloud-Hosted Software shall: 2.3.1. Permit OC San to self-monitor the fleet of gas detectors, alerts, and data analytics; and have real-time visibility. 2.3.2. Permit for unlimited system administrators. 2.3.3. Provide gas detector status including battery level, datalogging, map gas level readings, and live location of every monitor on an interactive map in real-time. 2.3.4. Have ability for OC San staff to easily assign users to each gas detector with quick ability to change user assignments. 2.3.5. Be capable of mapping the location and identity of the user. The map must show online devices in real-time; showing gas readings, and battery level. 2.3.6. Log alerts triggered by monitors in the field, configurable with notes and status for each alert. 2.3.7. Generate configurable reports for any type of event, which may be downloaded or emailed as scheduled and/or as requested. 2.3.8. Generate real-time notifications based on preset alarm levels and emergency alerts. Alerts shall be capable of being sent via email and text. Distribution lists for notifications shall be customizable. 2.3.9. Track and generate reports of compliance showing all online and offline monitors and their current compliance status, including any overdue bumps, calibrations or hardware failures. 2.3.10. Have ability to remotely disable any gas detector or dock in the event of malfunctions or sensor failures to prevent use of potentially unsafe devices. 2.3.11. Generate reports of alerts, including, but not limited to, by gas detector, by day of the week, alerts over a worker’s shifts, impact of longer shifts on alerts, alert types by month, and compare alert trends against planned operations and maintenance events. Reports shall be ad hoc and/or scheduled. 2.3.12. Be able to assign customizable user levels granting right levels to specific users and restricting access to others. 2.3.13. Have no limit on size or duration of information stored on the remote cloud server. The remote cloud server must have backup logs. 2.3.14. Be capable of customizing the lone worker check-in procedures, including check-in interval based on shift duration. 2.4. Training 2.4.1. The Service Provider shall: EXHIBIT A Page 4 of 7 Specification No. E-2025-653BD 2.4.1.1. Provide online or in person training to system administrators on how to use the cloud-hosted software. Training shall be no longer than eight hours in duration. Service Provider shall provide one training that is recorded. 2.4.1.2. Provide end user training, which includes, but is not limited to, basic operation of the gas detectors, alerts, bump testing, and calibration. Training shall be no longer than one hour in duration. Service Provider may provide recorded trainings, including, but not limited to handouts, pre-recorded videos, etc. 2.4.1.3. Provide in person training that addresses maintenance and sensor replacement of the gas detectors and calibration/docking stations. Training shall be no longer than one hour in duration. Service Provider shall provide one training that is recorded. 2.4.1.4. These trainings may be recorded for future use by OC San. 3. Security & Data Recovery 3.1. Website shall be Secure Sockets Layer (SSL) secure. 3.2. Cloud-based requirements. 3.2.1. Adhere to International Organization for Standardization / International (Electrochemical Commission (ISO/IEC) 27002 standard. 3.2.2. Provide a backup solution that can be used to recover from all data loss scenarios such as user accidental or malicious deletions and/or overwrites. 3.2.3. Provide availability contractual guarantees of uptime service level agreements (SLAs) of 99.5% (358 days). 3.3. Shall provide the ability to use multifactor authentication for administrative accounts. 3.4. Shall have single sign-on through SAML 2.0 through Microsoft Azure. 3.5. Shall have Azure AD Sync and automatically update and import OC San employee database. 4. Project Management 4.1. Service Provider shall: 4.1.1. Provide technical guidance and subject matter expertise to assist with seamless integration of the software and hardware. 4.1.2. Provide weekly updates on schedule for ordering, roll out, training, etc. 4.1.3. Provide user acceptance testing of the software and hardware. Shall provide a test environment prior to deploying equipment to end user. 4.1.4. Provide onsite technical support/service, including provision of spare units and parts. 5. Warranty 5.1. Service Provider shall provide a minimum four (4) - year warranty on sensors, gas detectors, and calibration stations. EXHIBIT A Page 5 of 7 Specification No. E-2025-653BD 6. Project Deliverables 6.1. Milestone 1 – Detector and Equipment Procurement 6.1.1. Service Provider shall purchase equipment as listed within Section 2 of this Scope of Work (SOW). The equipment and software shall comply with Section 2, 3, and 5 of this SOW. The Service Provider shall document and track the equipment orders and provide regular status updates upon request via email to the OC San Project Manager regarding shipping dates or manufacturing delays or issues. The equipment shall be shipped or transported to OC San’s Plant No. 1 at 10844 Ellis Avene, Fountain Valley, CA 92708. 6.1.2. Payment for Milestone 1 shall be made in accordance with cost listed in Exhibit B – Cost Proosal Form. Payment for Milestone 1 is contingent upon the assigned OC San Project Manager’s acceptance of the final delivery and inspection of equipment at OC San’s Plant No. 1 Receiving Dock. 6.2. Milestone 2 - System Implementation and Configuration 6.2.1. Service Provider shall work with OC San to implement the software as required in Section 2.3 and Section 3. The software shall have the ability to work in both connected and disconnected mode as well as support at least 50 user accounts. The Service Provider must provide support for installation and configuration of the product. The Service Provider must provide project management services for implementation and configuration of the software system. The Service Provider shall work with OC San staff to determine the role base assignment: and create final business rules, business processes, and workflow for notifications. The Service Provider shall assist OC San integrate with its HR feed and assign the detectors to the end user. 6.2.2. Payment for Milestone 2 shall be made in accordance with cost listed in Exhibit B – Cost Proposal Form. Payment for Milestone 2 is contingent upon the assigned OC San Project Manager’s acceptance of the final version of the submittal. 6.3. Milestone 3 – Training 6.3.1. The Service Provider shall develop training material and provide training as required by Section 2.4. Training shall be role-based and where required by Section 2.4, may be in-person at OC San’s property using OC San training environment. The Service Provider will develop all role base training and reference materials for OC San staff to review and approve prior to the training session. 6.3.2. Payment for Milestone 3 shall be made in accordance with cost listed in Exhibit B – Cost Proposal Form. Payment for Milestone 3 is contingent upon the assigned OC San Project Manager’s acceptance of the final version of the submittal. 6.4. Milestone 4 - Testing, Go-live, and Support 6.4.1. The Service Provider shall develop a testing process approved by the OC San Project Manager. The Service Provider shall develop a test plan to verify functionality of the software, establish roles within the system, vefity of detector assignment, calibrate EXHIBIT A Page 6 of 7 Specification No. E-2025-653BD station functionality, and data process to the cloud-based system. The Service Provider shall develop and load test data into a test system and facilitate the completion of each test plan. Testing shall be coordinated with efforts among the OC San Project Manager, OC San Technical Lead, and OC San staff. All tests shall be performed on-site at OC San on standard computers and servers with OC San standard software and hardware. Tests shall not be considered complete until the OC San Project Manager and assigned IT personnel are satisfied that the software and data performed properly and is compliant with OC San standards in accordance with the SOW. Upon successful completion of testing and written certification by the Service Provider that the software is complete in all respects, and all known defects have been remedied by the Service Provider, the Service Provider shall prepare the software for live operations. 6.4.2. Payment for Milestone 4 shall be made in accordance with cost listed in Exhibit B – Cost Proposal Form. Payment for Milestone 4 is contingent upon the assigned OC San Project Manager’s acceptance of the final version of the submittal. 6.5. Milestone 5 - Project Documentation 6.5.1. All project-related documentation shall be updated and provided to OC San upon completion of the project. Project documentation may include, but not be limited to: hardware configuration, software configuration, security setup and administration, training manuals, collected data, installation procedures, and testing procedures. All documentation shall be delivered in the form of electronic files. 6.5.2. Payment for Milestone 5 shall be made in accordance with cost listed in Exhibit B – Cost Proposal Form. Payment for Milestone 5 is contingent upon the assigned OC San Project Manager’s acceptance of the final version of the submittal. EXHIBIT A Page 7 of 7 Specification No. E-2025-653BD 7. Project Schedule The Service Provider shall adhere to the following activites and milestones when creating its schedule and work breakdown structure to accomplish the SOW. The Service Provider shall coordinate all meetings with the assigned OC San Project Manager. All meetings will be held at OC San’s Headquarters facility located at 18480 Bandilier Circle, Fountain Valley, CA 92708. SCHEDULE AND MILESTONE PAYMENT ACTIVITY ACTIVITY DEADLINE MILESTONE REFERENCE SECTION Notice to Proceed (NTP) NTP = Effective Date N/A N/A Kick-Off Meeting NTP + 7 Calendar Days N/A N/A Detector and Equipment Procurement NTP + 91 Calendar Days 1 2.1, 2.2, & 6.1 System Implementation and Configuration NTP + 120 Calendar Days 2 2.3, 3, & 6.2 Training NTP + 134 Calendar Days 3 2.4 & 6.3 Testing and Go-Live NTP + 147 Calendar Days 4 4.1 & 6.4 Project Documentation NTP + 175 Calendar Days 5 6.5 BOARD OF DIRECTORS Agenda Report Headquarters 18480 Bandilier Circle Fountain Valley, CA 92708 (714) 593-7433 File #:2024-3845 Agenda Date:8/27/2025 Agenda Item No:6. FROM:Robert Thompson, General Manager Originator: Wally Ritchie, Director of Finance SUBJECT: REPORT OF THE INVESTMENT TRANSACTIONS FOR THE MONTH OF JULY 2025 GENERAL MANAGER'S RECOMMENDATION RECOMMENDATION: Receive and file the following: Report of the Investment Transactions for the month of July 2025. BACKGROUND The CA Government Code requires that a monthly report of investment transactions be provided to the legislative body.Attached is the monthly report of investment transactions for the month ended July 31, 2025. RELEVANT STANDARDS ·CA Government Code Section 53607 PRIOR COMMITTEE/BOARD ACTIONS 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: ·Report of the Investment Transactions - July 2025 Orange County Sanitation District Printed on 8/20/2025Page 1 of 1 powered by Legistar™ Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046600 OCSD LIQUID OPERATING PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System Account Beginning Cash Principal Cash: - 22,810,549.92 Income Cash: 22,810,549.92 Total Cash: - 01-Jul- 25 01-Jul-25 313589HP 1 I 310 INTEREST EARNED ON F N M A DISC NT 7/01/25 $1 PV ON 5350000.0000 SHARES DUE 7/1/2025 5,350,000 PAR VALUE AT 100 % -----606.33 ---SEI 01-Jul- 25 01-Jul-25 94988J6B8 I 310 INTEREST EARNED ON WELLS FARGO M T N 5.550% 8/01/25 $1 PV ON 3500000.0000 SHARES DUE 7/1/2025 -----80,937.50 ---SEI 01-Jul- 25 01-Jul-25 31331KXF 2 I 300 PAID ACCRUED INTEREST ON PURCHASE OF F F C B DEB 3.410% 9/02/25 ------38,933.30 ---SEI 01-Jul- 25 01-Jul-25 31846V567 FGZXX I 310 INTEREST EARNED ON FIRST AM GOVT OB FD CL Z UNIT ON 0.0000 SHARES DUE 6/30/2025 INTEREST FROM 6/1/25 TO 6/30/25 -----1,803.32 ---SEI 01-Jul- 25 01-Jul-25 01-Jul-25 313589HP 1 P 20 MATURED PAR VALUE OF F N M A DISC NT 7/01/25 5,350,000 PAR VALUE AT 100 % - 5,350,000.000 0 100.0 000 ---5,349,393.67 - 5,349,393.67 --SEI 01-Jul- 25 01-Jul-25 01-Jul-25 94988J6B8 P 20 FULL CALL PAR VALUE OF WELLS FARGO M T N 5.550% 8/01/25 /CALLS/ - 3,500,000.000 0 100.0 000 ---3,500,000.00 - 3,516,800.00 -16,800.00 -SEI 01-Jul- 25 01-Jul-25 01-Jul-25 31846V567 FGZXX P 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z 8,930,937.500 0 -----8,930,937.50 8,930,937.50 --SEI 01-Jul- 25 01-Jul-25 01-Jul-25 31846V567 FGZXX P 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z - 5,432,891.900 0 ----5,432,891.90 - 5,432,891.90 --SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 1 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046600 OCSD LIQUID OPERATING PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 01-Jul- 25 01-Jul-25 01-Jul-25 31331KXF 2 P 10 PURCHASED PAR VALUE OF F F C B DEB 3.410% 9/02/25 /PERSHING LLC/3,454,000 PAR VALUE AT 99.801 % 3,454,000.000 0 99.80 10 ----3,447,126.54 3,447,126.54 --SEI 01-Jul- 25 01-Jul-25 01-Jul-25 912797QA 8 P 10 PURCHASED PAR VALUE OF U S TREASURY BILL 7/15/25 /BMO- CHICAGO BRANCH/1,950,000 PAR VALUE AT 99.83754154 % 1,950,000.000 0 99.83 75 ----1,946,832.06 1,946,832.06 --SEI Post Date 01-Jul-25 Total ---1,803.32 25,810.53 -16,800.00 -SEI 02-Jul- 25 02-Jul-25 59217GEJ 4 I 310 INTEREST EARNED ON METROPOLITAN MTN 0.950% 7/02/25 $1 PV ON 3720000.0000 SHARES DUE 7/2/2025 INTEREST ON 7/2/25 MATURITY -----17,670.00 ---SEI 02-Jul- 25 02-Jul-25 46625HMN 7 I 300 PAID ACCRUED INTEREST ON PURCHASE OF JPMORGAN CHASE CO 3.900% 7/15/25 ------20,624.50 ---SEI 02-Jul- 25 02-Jul-25 3130AWLH 1 I 300 PAID ACCRUED INTEREST ON PURCHASE OF F H L B DEB 0.00001% 7/10/25 ------13,418.53 ---SEI 02-Jul- 25 02-Jul-25 3130B4M 57 I 300 PAID ACCRUED INTEREST ON PURCHASE OF F H L B DEB 0.00001% 7/14/25 ------25,588.12 ---SEI 02-Jul- 25 02-Jul-25 02-Jul-25 31846V567 FGZXX P 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z 3,721,803.320 0 -----3,721,803.32 3,721,803.32 --SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 2 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046600 OCSD LIQUID OPERATING PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 02-Jul- 25 02-Jul-25 02-Jul-25 59217GEJ 4 P 20 MATURED PAR VALUE OF METROPOLITAN MTN 0.950% 7/02/25 3,720,000 PAR VALUE AT 100 % - 3,720,000.000 0 100.0 000 ---3,720,000.00 - 3,694,146.00 25,854.00 -SEI 02-Jul- 25 02-Jul-25 02-Jul-25 31846V567 FGZXX P 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z - 7,178,393.010 0 ----7,178,393.01 - 7,178,393.01 --SEI 02-Jul- 25 02-Jul-25 02-Jul-25 46625HMN 7 P 10 PURCHASED PAR VALUE OF JPMORGAN CHASE CO 3.900% 7/15/25 /J.P. MORGAN SECURITIES LLC/1,140,000 PAR VALUE AT 99.978 % 1,140,000.000 0 99.97 80 ----1,139,749.20 1,139,749.20 --SEI 02-Jul- 25 02-Jul-25 02-Jul-25 3130AWLH 1 P 10 PURCHASED PAR VALUE OF F H L B DEB 0.00001% 7/10/25 /BARCLAYS CAPITAL INC. FIXED IN/1,300,000 PAR VALUE AT 100.00276 % 1,300,000.000 0 100.0 028 ----1,300,035.88 1,300,035.88 --SEI 02-Jul- 25 02-Jul-25 02-Jul-25 03785DUG 9 P 10 PURCHASED PAR VALUE OF APPLE INC DISC COML C P 7/16/25 /GOLDMAN SACHS & CO. LLC/2,000,000 PAR VALUE AT 99.8335555 % 2,000,000.000 0 99.83 36 ----1,996,671.11 1,996,671.11 --SEI 02-Jul- 25 02-Jul-25 02-Jul-25 3130B4M 57 P 10 PURCHASED PAR VALUE OF F H L B DEB 0.00001% 7/14/25 /BARCLAYS CAPITAL INC. FIXED IN/2,700,000 PAR VALUE AT 99.99909889 % 2,700,000.000 0 99.99 91 ----2,699,975.67 2,699,975.67 --SEI Post Date 02-Jul-25 Total ----1,803.32 -14,303.83 25,854.00 -SEI 03-Jul- 25 03-Jul-25 3130B4M 57 I 300 PAID ACCRUED INTEREST ON PURCHASE OF F H L B DEB 0.00001% 7/14/25 ------5,280.46 ---SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 3 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046600 OCSD LIQUID OPERATING PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 03-Jul- 25 03-Jul-25 24422EXA 2 JDM5725 I 310 INTEREST EARNED ON JOHN DEERE MTN 4.86103% 7/03/25 $1 PV ON 500000.0000 SHARES DUE 7/3/2025 INTEREST ON 7/3/25 MATURITY -----6,118.81 ---SEI 03-Jul- 25 02-Jul-25 03-Jul-25 3130B4M 57 P 10 PURCHASED PAR VALUE OF F H L B DEB 0.00001% 7/14/25 /BARCLAYS CAPITAL INC. FIXED IN/550,000 PAR VALUE AT 99.99916 % 550,000.0000 99.99 92 ----549,995.38 549,995.38 --SEI 03-Jul- 25 03-Jul-25 03-Jul-25 24422EXA 2 JDM5725 P 20 MATURED PAR VALUE OF JOHN DEERE MTN 4.86103% 7/03/25 500,000 PAR VALUE AT 100 % -500,000.0000 100.0 000 ---500,000.00 -500,615.00 -615.00 -SEI 03-Jul- 25 03-Jul-25 03-Jul-25 31846V567 FGZXX P 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z -55,275.8400 ----55,275.84 -55,275.84 --SEI 03-Jul- 25 03-Jul-25 03-Jul-25 31846V567 FGZXX P 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z 6,118.8100 -----6,118.81 6,118.81 --SEI Post Date 03-Jul-25 Total ----223.35 -615.00 -SEI 07-Jul- 25 07-Jul-25 2546R2U 79 I 310 INTEREST EARNED ON DISNEY WALT CO C P 7/07/25 $1 PV ON 2000000.0000 SHARES DUE 7/7/2025 2,000,000 PAR VALUE AT 100 % -----18,608.33 ---SEI 07-Jul- 25 07-Jul-25 07-Jul-25 2546R2U 79 P 20 MATURED PAR VALUE OF DISNEY WALT CO C P 7/07/25 2,000,000 PAR VALUE AT 100 % - 2,000,000.000 0 100.0 000 ---1,981,391.67 - 1,981,391.67 --SEI 07-Jul- 25 07-Jul-25 07-Jul-25 31846V567 FGZXX P 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z 2,000,000.000 0 -----2,000,000.00 2,000,000.00 --SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 4 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046600 OCSD LIQUID OPERATING PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 07-Jul- 25 07-Jul-25 07-Jul-25 31846V567 FGZXX P 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z - 1,999,767.780 0 ----1,999,767.78 - 1,999,767.78 --SEI 07-Jul- 25 07-Jul-25 07-Jul-25 313385HW 9 P 10 PURCHASED PAR VALUE OF F H L B DISC NTS 7/08/25 /CITIGROUP GLOBAL MARKETS INC./XOTC 2,000,000 PAR VALUE AT 99.988389 % 2,000,000.000 0 99.98 84 ----1,999,767.78 1,999,767.78 --SEI Post Date 07-Jul-25 Total ----18,608.33 --SEI 08-Jul- 25 08-Jul-25 313385HW 9 I 310 INTEREST EARNED ON F H L B DISC NTS 7/08/25 $1 PV ON 2000000.0000 SHARES DUE 7/8/2025 2,000,000 PAR VALUE AT 100 % -----232.22 ---SEI 08-Jul- 25 08-Jul-25 08-Jul-25 313385HW 9 P 20 MATURED PAR VALUE OF F H L B DISC NTS 7/08/25 2,000,000 PAR VALUE AT 100 % - 2,000,000.000 0 100.0 000 ---1,999,767.78 - 1,999,767.78 --SEI 08-Jul- 25 08-Jul-25 08-Jul-25 31846V567 FGZXX P 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z 2,000,000.000 0 -----2,000,000.00 2,000,000.00 --SEI 08-Jul- 25 08-Jul-25 08-Jul-25 31846V567 FGZXX P 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z - 2,024,763.750 0 ----2,024,763.75 - 2,024,763.75 --SEI 08-Jul- 25 08-Jul-25 08-Jul-25 313385HX 7 P 10 PURCHASED PAR VALUE OF F H L B DISC NTS 7/09/25 /BOFA SECURITIES, INC./FXD INC/XOTC 2,025,000 PAR VALUE AT 99.98833333 % 2,025,000.000 0 99.98 83 ----2,024,763.75 2,024,763.75 --SEI Post Date 08-Jul-25 Total ----232.22 --SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 5 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046600 OCSD LIQUID OPERATING PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 09-Jul- 25 09-Jul-25 313385HX 7 I 310 INTEREST EARNED ON F H L B DISC NTS 7/09/25 $1 PV ON 2025000.0000 SHARES DUE 7/9/2025 2,025,000 PAR VALUE AT 100 % -----236.25 ---SEI 09-Jul- 25 09-Jul-25 93114EU 96 I 310 INTEREST EARNED ON WALMART INC DISC COML C P 7/09/25 $1 PV ON 500000.0000 SHARES DUE 7/9/2025 500,000 PAR VALUE AT 100 % -----900.00 ---SEI 09-Jul- 25 09-Jul-25 29449WAE 7 EF11026 I 310 INTEREST EARNED ON EQUITABLE MTN 1.000% 1/09/26 $1 PV ON 1000000.0000 SHARES DUE 7/9/2025 -----5,000.00 ---SEI 09-Jul- 25 09-Jul-25 46625HMN 7 I 300 PAID ACCRUED INTEREST ON PURCHASE OF JPMORGAN CHASE CO 3.900% 7/15/25 ------4,241.25 ---SEI 09-Jul- 25 09-Jul-25 09-Jul-25 93114EU 96 P 20 MATURED PAR VALUE OF WALMART INC DISC COML C P 7/09/25 500,000 PAR VALUE AT 100 % -500,000.0000 100.0 000 ---499,100.00 -499,100.00 --SEI 09-Jul- 25 09-Jul-25 09-Jul-25 313385HX 7 P 20 MATURED PAR VALUE OF F H L B DISC NTS 7/09/25 2,025,000 PAR VALUE AT 100 % - 2,025,000.000 0 100.0 000 ---2,024,763.75 - 2,024,763.75 --SEI 09-Jul- 25 09-Jul-25 09-Jul-25 31846V567 FGZXX P 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z 2,530,000.000 0 -----2,530,000.00 2,530,000.00 --SEI 09-Jul- 25 09-Jul-25 09-Jul-25 31846V567 FGZXX P 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z - 2,527,341.000 0 ----2,527,341.00 - 2,527,341.00 --SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 6 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046600 OCSD LIQUID OPERATING PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 09-Jul- 25 09-Jul-25 09-Jul-25 313385JE7 P 10 PURCHASED PAR VALUE OF F H L B DISC NTS 7/16/25 /WELLS FARGO SECURITIES, LLC/XOTC 1,800,000 PAR VALUE AT 99.91852778 % 1,800,000.000 0 99.91 85 ----1,798,533.50 1,798,533.50 --SEI 09-Jul- 25 09-Jul-25 09-Jul-25 313385JE7 P 10 PURCHASED PAR VALUE OF F H L B DISC NTS 7/16/25 /BARCLAYS CAPITAL INC. FIXED IN/XOTC 500,000 PAR VALUE AT 99.91775 % 500,000.0000 99.91 78 ----499,588.75 499,588.75 --SEI 09-Jul- 25 09-Jul-25 09-Jul-25 46625HMN 7 P 10 PURCHASED PAR VALUE OF JPMORGAN CHASE CO 3.900% 7/15/25 /J.P. MORGAN SECURITIES LLC/225,000 PAR VALUE AT 99.99 % 225,000.0000 99.99 00 ----224,977.50 224,977.50 --SEI Post Date 09-Jul-25 Total ----1,895.00 --SEI 10-Jul- 25 10-Jul-25 29379VCC 5 I 310 INTEREST EARNED ON ENTERPRISE PRODS LLC 5.050% 1/10/26 $1 PV ON 2000000.0000 SHARES DUE 7/10/2025 -----50,500.00 ---SEI 10-Jul- 25 10-Jul-25 3130AWLH 1 I 310 INTEREST EARNED ON F H L B DEB 0.00001% 7/10/25 $1 PV ON 2065000.0000 SHARES DUE 7/10/2025 -----23,398.74 ---SEI 10-Jul- 25 10-Jul-25 3130 AWNG1 I 300 PAID ACCRUED INTEREST ON PURCHASE OF F H L B DEB 0.00001% 7/14/25 ------21,599.20 ---SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 7 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046600 OCSD LIQUID OPERATING PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 10-Jul- 25 10-Jul-25 10-Jul-25 3130AWLH 1 P 20 MATURED PAR VALUE OF F H L B DEB 0.00001% 7/10/25 1,300,000 PAR VALUE AT 100 % - 1,300,000.000 0 100.0 000 ---1,300,000.00 - 1,300,035.88 -35.88 -SEI 10-Jul- 25 10-Jul-25 10-Jul-25 3130AWLH 1 P 20 MATURED PAR VALUE OF F H L B DEB 0.00001% 7/10/25 765,000 PAR VALUE AT 100 % -765,000.0000 100.0 000 ---765,000.00 -765,421.36 -421.36 -SEI 10-Jul- 25 10-Jul-25 10-Jul-25 31846V567 FGZXX P 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z 2,115,500.000 0 -----2,115,500.00 2,115,500.00 --SEI 10-Jul- 25 10-Jul-25 10-Jul-25 31846V567 FGZXX P 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z - 1,993,227.790 0 ----1,993,227.79 - 1,993,227.79 --SEI 10-Jul- 25 10-Jul-25 10-Jul-25 3130 AWNG1 P 10 PURCHASED PAR VALUE OF F H L B DEB 0.00001% 7/14/25 /CITIGROUP GLOBAL MARKETS INC./1,995,000 PAR VALUE AT 100.00136992 % 1,995,000.000 0 100.0 014 ----1,995,027.33 1,995,027.33 --SEI Post Date 10-Jul-25 Total ----51,842.30 -457.24 -SEI 11-Jul- 25 11-Jul-25 313385HZ 2 I 310 INTEREST EARNED ON F H L B DISC NTS 7/11/25 $1 PV ON 3635000.0000 SHARES DUE 7/11/2025 3,635,000 PAR VALUE AT 100 % -----4,664.92 ---SEI 11-Jul- 25 11-Jul-25 11-Jul-25 31846V567 FGZXX P 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z 3,635,000.000 0 -----3,635,000.00 3,635,000.00 --SEI 11-Jul- 25 11-Jul-25 11-Jul-25 313385HZ 2 P 20 MATURED PAR VALUE OF F H L B DISC NTS 7/11/25 3,635,000 PAR VALUE AT 100 % - 3,635,000.000 0 100.0 000 ---3,630,335.08 - 3,630,335.08 --SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 8 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046600 OCSD LIQUID OPERATING PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 11-Jul- 25 11-Jul-25 11-Jul-25 31846V567 FGZXX P 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z - 3,748,446.810 0 ----3,748,446.81 - 3,748,446.81 --SEI 11-Jul- 25 11-Jul-25 11-Jul-25 313385JC1 P 10 PURCHASED PAR VALUE OF F H L B DISC NTS 7/14/25 /BOFA SECURITIES, INC./FXD INC/XOTC 2,750,000 PAR VALUE AT 99.96483345 % 2,750,000.000 0 99.96 48 ----2,749,032.92 2,749,032.92 --SEI 11-Jul- 25 11-Jul-25 11-Jul-25 313589JE4 P 10 PURCHASED PAR VALUE OF F N M A DISC NT 7/16/25 /BOFA SECURITIES, INC./FXD INC/XOTC 1,000,000 PAR VALUE AT 99.941389 % 1,000,000.000 0 99.94 14 ----999,413.89 999,413.89 --SEI Post Date 11-Jul-25 Total ----4,664.92 --SEI 14-Jul- 25 14-Jul-25 313385JC1 I 310 INTEREST EARNED ON F H L B DISC NTS 7/14/25 $1 PV ON 2750000.0000 SHARES DUE 7/14/2025 2,750,000 PAR VALUE AT 100 % -----967.08 ---SEI 14-Jul- 25 14-Jul-25 3136G4YH 0 I 310 INTEREST EARNED ON F N M A 0.700% 7/14/25 $1 PV ON 1280000.0000 SHARES DUE 7/14/2025 -----4,480.00 ---SEI 14-Jul- 25 14-Jul-25 3130 AWNG1 I 310 INTEREST EARNED ON F H L B DEB 0.00001% 7/14/25 $1 PV ON 2250000.0000 SHARES DUE 7/14/2025 -----25,480.00 ---SEI 14-Jul- 25 14-Jul-25 3130B4M 57 I 310 INTEREST EARNED ON F H L B DEB 0.00001% 7/14/25 $1 PV ON 3250000.0000 SHARES DUE 7/14/2025 -----35,531.08 ---SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 9 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046600 OCSD LIQUID OPERATING PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 14-Jul- 25 14-Jul-25 912797MG 9 8725 I 310 INTEREST EARNED ON U S TREASURY BILL 8/07/25 $1 PV ON 100000.0000 SHARES DUE 7/14/2025 100,000 PAR VALUE AT 99.71713 % -----1,703.77 ---SEI 14-Jul- 25 11-Jul-25 14-Jul-25 313313JE9 P 10 PURCHASED PAR VALUE OF F F C B DISC NTS 7/16/25 /WELLS FARGO SECURITIES, LLC/XOTC 9,600,000 PAR VALUE AT 99.97672219 % 9,600,000.000 0 99.97 67 ----9,597,765.33 9,597,765.33 --SEI 14-Jul- 25 14-Jul-25 14-Jul-25 3130 AWNG1 P 20 MATURED PAR VALUE OF F H L B DEB 0.00001% 7/14/25 1,995,000 PAR VALUE AT 100 % - 1,995,000.000 0 100.0 000 ---1,995,000.00 - 1,995,027.33 -27.33 -SEI 14-Jul- 25 14-Jul-25 14-Jul-25 3136G4YH 0 P 20 MATURED PAR VALUE OF F N M A 0.700% 7/14/25 1,280,000 PAR VALUE AT 100 % - 1,280,000.000 0 100.0 000 ---1,280,000.00 - 1,276,925.68 3,074.32 -SEI 14-Jul- 25 14-Jul-25 14-Jul-25 3130 AWNG1 P 20 MATURED PAR VALUE OF F H L B DEB 0.00001% 7/14/25 255,000 PAR VALUE AT 100 % -255,000.0000 100.0 000 ---255,000.00 -255,144.83 -144.83 -SEI 14-Jul- 25 14-Jul-25 14-Jul-25 3130B4M 57 P 20 MATURED PAR VALUE OF F H L B DEB 0.00001% 7/14/25 550,000 PAR VALUE AT 100 % -550,000.0000 100.0 000 ---550,000.00 -549,995.38 4.62 -SEI 14-Jul- 25 14-Jul-25 14-Jul-25 313385JC1 P 20 MATURED PAR VALUE OF F H L B DISC NTS 7/14/25 2,750,000 PAR VALUE AT 100 % - 2,750,000.000 0 100.0 000 ---2,749,032.92 - 2,749,032.92 --SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 10 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046600 OCSD LIQUID OPERATING PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 14-Jul- 25 14-Jul-25 14-Jul-25 3130B4M 57 P 20 MATURED PAR VALUE OF F H L B DEB 0.00001% 7/14/25 2,700,000 PAR VALUE AT 100 % - 2,700,000.000 0 100.0 000 ---2,700,000.00 - 2,699,975.67 24.33 -SEI 14-Jul- 25 14-Jul-25 14-Jul-25 31846V567 FGZXX P 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z -19,107.0600 ----19,107.06 -19,107.06 --SEI 14-Jul- 25 14-Jul-25 14-Jul-25 31846V567 FGZXX P 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z 116,549.9400 -----116,549.94 116,549.94 --SEI 14-Jul- 25 14-Jul-25 14-Jul-25 912797MG 9 8725 P 20 SOLD PAR VALUE OF U S TREASURY BILL 8/07/25 /CITIGROUP GLOBAL MARKETS INC./BTEC 100,000 PAR VALUE AT 99.71713 % -100,000.0000 99.71 71 ---98,013.36 -98,013.36 --SEI Post Date 14-Jul-25 Total ----71,093.04 2,931.11 -SEI 15-Jul- 25 15-Jul-25 912797QA 8 I 310 INTEREST EARNED ON U S TREASURY BILL 7/15/25 $1 PV ON 1950000.0000 SHARES DUE 7/15/2025 1,950,000 PAR VALUE AT 100 % -----3,167.94 ---SEI 15-Jul- 25 15-Jul-25 4581X0DN 5 I 310 INTEREST EARNED ON INTER AMER BK M T N 0.625% 7/15/25 $1 PV ON 2400000.0000 SHARES DUE 7/15/2025 -----7,500.00 ---SEI 15-Jul- 25 15-Jul-25 3134A4NF 7 I 310 INTEREST EARNED ON F H L M C STRIP 7/15/25 $1 PV ON 5000000.0000 SHARES DUE 7/15/2025 5,000,000 PAR VALUE AT 100 % -----50,250.00 ---SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 11 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046600 OCSD LIQUID OPERATING PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 15-Jul- 25 15-Jul-25 91282CGE 5 I 310 INTEREST EARNED ON U S TREASURY NT 3.875% 1/15/26 $1 PV ON 2475000.0000 SHARES DUE 7/15/2025 -----47,953.13 ---SEI 15-Jul- 25 15-Jul-25 46625HMN 7 I 310 INTEREST EARNED ON JPMORGAN CHASE CO 3.900% 7/15/25 $1 PV ON 3122000.0000 SHARES DUE 7/15/2025 -----60,879.00 ---SEI 15-Jul- 25 15-Jul-25 76116EGG 9 I 310 INTEREST EARNED ON RFCP STRIPS 7/15/25 $1 PV ON 1417000.0000 SHARES DUE 7/15/2025 1,417,000 PAR VALUE AT 100 % -----30,615.70 ---SEI 15-Jul- 25 15-Jul-25 15-Jul-25 31846V567 FGZXX P 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z 14,005,332.13 00 ----- 14,005,332.13 14,005,332.1 3 --SEI 15-Jul- 25 15-Jul-25 15-Jul-25 46625HMN 7 P 20 MATURED PAR VALUE OF JPMORGAN CHASE CO 3.900% 7/15/25 1,140,000 PAR VALUE AT 100 % - 1,140,000.000 0 100.0 000 ---1,140,000.00 - 1,139,749.20 250.80 -SEI 15-Jul- 25 15-Jul-25 15-Jul-25 46625HMN 7 P 20 MATURED PAR VALUE OF JPMORGAN CHASE CO 3.900% 7/15/25 225,000 PAR VALUE AT 100 % -225,000.0000 100.0 000 ---225,000.00 -224,977.50 22.50 -SEI 15-Jul- 25 15-Jul-25 15-Jul-25 76116EGG 9 P 20 MATURED PAR VALUE OF RFCP STRIPS 7/15/25 1,417,000 PAR VALUE AT 100 % - 1,417,000.000 0 100.0 000 ---1,386,384.30 - 1,386,384.30 --SEI 15-Jul- 25 15-Jul-25 15-Jul-25 912797QA 8 P 20 MATURED PAR VALUE OF U S TREASURY BILL 7/15/25 1,950,000 PAR VALUE AT 100 % - 1,950,000.000 0 100.0 000 ---1,946,832.06 - 1,946,832.06 --SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 12 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046600 OCSD LIQUID OPERATING PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 15-Jul- 25 15-Jul-25 15-Jul-25 46625HMN 7 P 20 MATURED PAR VALUE OF JPMORGAN CHASE CO 3.900% 7/15/25 1,757,000 PAR VALUE AT 100 % - 1,757,000.000 0 100.0 000 ---1,757,000.00 - 1,752,800.77 4,199.23 -SEI 15-Jul- 25 15-Jul-25 15-Jul-25 4581X0DN 5 P 20 MATURED PAR VALUE OF INTER AMER BK M T N 0.625% 7/15/25 2,400,000 PAR VALUE AT 100 % - 2,400,000.000 0 100.0 000 ---2,400,000.00 - 2,356,320.00 43,680.00 -SEI 15-Jul- 25 15-Jul-25 15-Jul-25 3134A4NF 7 P 20 MATURED PAR VALUE OF F H L M C STRIP 7/15/25 5,000,000 PAR VALUE AT 100 % - 5,000,000.000 0 100.0 000 ---4,949,750.00 - 4,949,750.00 --SEI 15-Jul- 25 15-Jul-25 15-Jul-25 31846V567 FGZXX P 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z - 14,098,335.42 00 ----14,098,335.42 - 14,098,335.4 2 --SEI 15-Jul- 25 15-Jul-25 15-Jul-25 313385JE7 P 10 PURCHASED PAR VALUE OF F H L B DISC NTS 7/16/25 /NMRIUS33 NOMURA SECS INTL NY/XOTC 14,100,000 PAR VALUE AT 99.98819447 % 14,100,000.00 00 99.98 82 ---- 14,098,335.42 14,098,335.4 2 --SEI Post Date 15-Jul-25 Total ----248,518.30 48,152.53 -SEI 16-Jul- 25 16-Jul-25 93114EUG 0 I 310 INTEREST EARNED ON WAL MART INC C P 7/16/25 $1 PV ON 9000000.0000 SHARES DUE 7/16/2025 9,000,000 PAR VALUE AT 100 % -----22,470.00 ---SEI 16-Jul- 25 16-Jul-25 313385JE7 I 310 INTEREST EARNED ON F H L B DISC NTS 7/16/25 $1 PV ON 14100000.0000 SHARES DUE 7/16/2025 14,100,000 PAR VALUE AT 100 % -----1,664.58 ---SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 13 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046600 OCSD LIQUID OPERATING PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 16-Jul- 25 16-Jul-25 313589JE4 I 310 INTEREST EARNED ON F N M A DISC NT 7/16/25 $1 PV ON 1000000.0000 SHARES DUE 7/16/2025 1,000,000 PAR VALUE AT 100 % -----586.11 ---SEI 16-Jul- 25 16-Jul-25 912797MG 9 8725 I 310 INTEREST EARNED ON U S TREASURY BILL 8/07/25 $1 PV ON 3400000.0000 SHARES DUE 7/15/2025 3,400,000 PAR VALUE AT 99.74146941 % -----58,585.50 ---SEI 16-Jul- 25 16-Jul-25 313385JE7 I 310 INTEREST EARNED ON F H L B DISC NTS 7/16/25 $1 PV ON 1800000.0000 SHARES DUE 7/16/2025 1,800,000 PAR VALUE AT 100 % -----1,466.50 ---SEI 16-Jul- 25 16-Jul-25 3135G06V 0 I 300 PAID ACCRUED INTEREST ON PURCHASE OF F N M A 4.125% 8/28/25 ------1,771.00 ---SEI 16-Jul- 25 16-Jul-25 313313JE9 I 310 INTEREST EARNED ON F F C B DISC NTS 7/16/25 $1 PV ON 9600000.0000 SHARES DUE 7/16/2025 9,600,000 PAR VALUE AT 100 % -----2,234.67 ---SEI 16-Jul- 25 16-Jul-25 313385JE7 I 310 INTEREST EARNED ON F H L B DISC NTS 7/16/25 $1 PV ON 500000.0000 SHARES DUE 7/16/2025 500,000 PAR VALUE AT 100 % -----411.25 ---SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 14 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046600 OCSD LIQUID OPERATING PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 16-Jul- 25 16-Jul-25 03785DUG 9 I 310 INTEREST EARNED ON APPLE INC DISC COML C P 7/16/25 $1 PV ON 2000000.0000 SHARES DUE 7/16/2025 2,000,000 PAR VALUE AT 100 % -----3,328.89 ---SEI 16-Jul- 25 16-Jul-25 45950KCT 5 I 310 INTEREST EARNED ON IFC M T N 0.375% 7/16/25 $1 PV ON 719000.0000 SHARES DUE 7/16/2025 -----1,351.72 ---SEI 16-Jul- 25 16-Jul-25 P 210 CASH DISBURSEMENT PAID TO ORANGE COUNTY SANITATION DISTRICT OUTGOING DOMESTIC WIRE TRANSFER FROM LIQUID OPERATING PORTFOLIO ------ 40,000,000.00 ---SEI 16-Jul- 25 16-Jul-25 3136G4X 24 I 300 PAID ACCRUED INTEREST ON PURCHASE OF F N M A 0.600% 8/29/25 ------3,737.50 ---SEI 16-Jul- 25 15-Jul-25 16-Jul-25 3135G06V 0 P 10 PURCHASED PAR VALUE OF F N M A 4.125% 8/28/25 /MIZUHO SECURITIES USA INC./112,000 PAR VALUE AT 99.9475 % 112,000.0000 99.94 75 ----111,941.20 111,941.20 --SEI 16-Jul- 25 15-Jul-25 16-Jul-25 912797MG 9 8725 P 20 SOLD PAR VALUE OF U S TREASURY BILL 8/07/25 /BARCLAYS CAPITAL INC. FIXED IN/BTEC 3,400,000 PAR VALUE AT 99.74146941 % - 3,400,000.000 0 99.74 15 ---3,332,624.46 - 3,332,624.46 --SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 15 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046600 OCSD LIQUID OPERATING PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 16-Jul- 25 15-Jul-25 16-Jul-25 3136G4X 24 P 10 PURCHASED PAR VALUE OF F N M A 0.600% 8/29/25 /CITIGROUP GLOBAL MARKETS INC./1,625,000 PAR VALUE AT 99.84409108 % 1,625,000.000 0 99.84 41 ----1,622,466.48 1,622,466.48 --SEI 16-Jul- 25 16-Jul-25 16-Jul-25 03785DUG 9 P 20 MATURED PAR VALUE OF APPLE INC DISC COML C P 7/16/25 2,000,000 PAR VALUE AT 100 % - 2,000,000.000 0 100.0 000 ---1,996,671.11 - 1,996,671.11 --SEI 16-Jul- 25 16-Jul-25 16-Jul-25 45950KCT 5 P 20 MATURED PAR VALUE OF IFC M T N 0.375% 7/16/25 719,000 PAR VALUE AT 100 % -719,000.0000 100.0 000 ---719,000.00 -704,641.57 14,358.43 -SEI 16-Jul- 25 16-Jul-25 16-Jul-25 313385JE7 P 20 MATURED PAR VALUE OF F H L B DISC NTS 7/16/25 500,000 PAR VALUE AT 100 % -500,000.0000 100.0 000 ---499,588.75 -499,588.75 --SEI 16-Jul- 25 16-Jul-25 16-Jul-25 313589JE4 P 20 MATURED PAR VALUE OF F N M A DISC NT 7/16/25 1,000,000 PAR VALUE AT 100 % - 1,000,000.000 0 100.0 000 ---999,413.89 -999,413.89 --SEI 16-Jul- 25 16-Jul-25 16-Jul-25 93114EUG 0 P 20 MATURED PAR VALUE OF WAL MART INC C P 7/16/25 9,000,000 PAR VALUE AT 100 % - 9,000,000.000 0 100.0 000 ---8,977,530.00 - 8,977,530.00 --SEI 16-Jul- 25 16-Jul-25 16-Jul-25 313385JE7 P 20 MATURED PAR VALUE OF F H L B DISC NTS 7/16/25 14,100,000 PAR VALUE AT 100 % - 14,100,000.00 00 100.0 000 ---14,098,335.42 - 14,098,335.4 2 --SEI 16-Jul- 25 16-Jul-25 16-Jul-25 313313JE9 P 20 MATURED PAR VALUE OF F F C B DISC NTS 7/16/25 9,600,000 PAR VALUE AT 100 % - 9,600,000.000 0 100.0 000 ---9,597,765.33 - 9,597,765.33 --SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 16 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046600 OCSD LIQUID OPERATING PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 16-Jul- 25 16-Jul-25 16-Jul-25 313385JE7 P 20 MATURED PAR VALUE OF F H L B DISC NTS 7/16/25 1,800,000 PAR VALUE AT 100 % - 1,800,000.000 0 100.0 000 ---1,798,533.50 - 1,798,533.50 --SEI 16-Jul- 25 16-Jul-25 16-Jul-25 31846V567 FGZXX P 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z 41,997,845.89 00 ----- 41,997,845.89 41,997,845.8 9 --SEI 16-Jul- 25 16-Jul-25 16-Jul-25 31846V567 FGZXX P 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z - 41,626,200.39 00 ----41,626,200.39 - 41,626,200.3 9 --SEI Post Date 16-Jul-25 Total ----- 39,899,050.8 5 14,358.43 -SEI 17-Jul- 25 17-Jul-25 17-Jul-25 31846V567 FGZXX P 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z -387,834.7700 ----387,834.77 -387,834.77 --SEI 17-Jul- 25 17-Jul-25 17-Jul-25 912797QM 2 P 10 PURCHASED PAR VALUE OF U S TREASURY BILL 9/02/25 /WELLS FARGO SECURITIES, LLC/390,000 PAR VALUE AT 99.44481282 % 390,000.0000 99.44 48 ----387,834.77 387,834.77 --SEI Post Date 17-Jul-25 Total -------SEI 18-Jul- 25 18-Jul-25 06428CAD 6 BOA5925 I 310 INTEREST EARNED ON BANK OF AMERICA 3.04095% 8/18/25 $1 PV ON 2047000.0000 SHARES DUE 7/18/2025 7/18 FULL CALL INT -----17,445.15 ---SEI 18-Jul- 25 18-Jul-25 18-Jul-25 31846V567 FGZXX P 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z 2,047,000.000 0 -----2,047,000.00 2,047,000.00 --SEI 18-Jul- 25 18-Jul-25 18-Jul-25 06428CAD 6 BOA5925 P 20 BOND CALLED PAR VALUE OF BANK OF AMERICA 2.04574% 8/18/25 /CALLS/7/18 FULL CALL - 2,047,000.000 0 ----2,047,000.00 - 2,047,941.62 -941.62 -SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 17 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046600 OCSD LIQUID OPERATING PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 18-Jul- 25 18-Jul-25 18-Jul-25 31846V567 FGZXX P 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z 34,893.6400 -----34,893.64 34,893.64 --SEI Post Date 18-Jul-25 Total ----17,448.49 33,952.02 -941.62 -SEI 21-Jul- 25 21-Jul-25 3130AWNJ 5 I 310 INTEREST EARNED ON F H L B DEB 5.220% 7/21/25 $1 PV ON 460000.0000 SHARES DUE 7/21/2025 -----5,210.27 ---SEI 21-Jul- 25 21-Jul-25 3130B4KJ 9 I 310 INTEREST EARNED ON F H L B DEB 4.335% 7/21/25 $1 PV ON 1000000.0000 SHARES DUE 7/21/2025 -----10,934.86 ---SEI 21-Jul- 25 21-Jul-25 21-Jul-25 31846V567 FGZXX P 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z 1,460,000.000 0 -----1,460,000.00 1,460,000.00 --SEI 21-Jul- 25 21-Jul-25 21-Jul-25 3130AWNJ 5 P 20 MATURED PAR VALUE OF F H L B DEB 5.220% 7/21/25 460,000 PAR VALUE AT 100 % -460,000.0000 100.0 000 ---460,000.00 -460,194.30 -194.30 -SEI 21-Jul- 25 21-Jul-25 21-Jul-25 3130B4KJ 9 P 20 MATURED PAR VALUE OF F H L B DEB 4.335% 7/21/25 1,000,000 PAR VALUE AT 100 % - 1,000,000.000 0 100.0 000 ---1,000,000.00 -999,987.43 12.57 -SEI 21-Jul- 25 21-Jul-25 21-Jul-25 31846V567 FGZXX P 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z -1,303.3600 ----1,303.36 -1,303.36 --SEI Post Date 21-Jul-25 Total ---17,448.49 -1,485.09 -181.73 -SEI 23-Jul- 25 23-Jul-25 6174468C 6 I 310 INTEREST EARNED ON MORGAN STANLEY 4.000% 7/23/25 $1 PV ON 1266000.0000 SHARES DUE 7/23/2025 -----25,320.00 ---SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 18 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046600 OCSD LIQUID OPERATING PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 23-Jul- 25 23-Jul-25 3134GWW 77 I 300 PAID ACCRUED INTEREST ON PURCHASE OF FEDERAL HOME LN MTG 0.450% 9/30/25 ------4,145.69 ---SEI 23-Jul- 25 23-Jul-25 23-Jul-25 6174468C 6 P 20 MATURED PAR VALUE OF MORGAN STANLEY 4.000% 7/23/25 1,266,000 PAR VALUE AT 100 % - 1,266,000.000 0 100.0 000 ---1,266,000.00 - 1,261,708.26 4,291.74 -SEI 23-Jul- 25 23-Jul-25 23-Jul-25 31846V567 FGZXX P 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z 1,291,320.000 0 -----1,291,320.00 1,291,320.00 --SEI 23-Jul- 25 23-Jul-25 23-Jul-25 31846V567 FGZXX P 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z - 4,567,292.890 0 ----4,567,292.89 - 4,567,292.89 --SEI 23-Jul- 25 23-Jul-25 23-Jul-25 3134GWW 77 P 10 PURCHASED PAR VALUE OF FEDERAL HOME LN MTG 0.450% 9/30/25 /MIZUHO SECURITIES USA INC./2,935,000 PAR VALUE AT 99.262 % 2,935,000.000 0 99.26 20 ----2,913,339.70 2,913,339.70 --SEI 23-Jul- 25 23-Jul-25 23-Jul-25 313589JN4 P 10 PURCHASED PAR VALUE OF F N M A DISC NT 7/24/25 /NMRIUS33 NOMURA SECS INTL NY/1,650,000 PAR VALUE AT 99.98833333 % 1,650,000.000 0 99.98 83 ----1,649,807.50 1,649,807.50 --SEI Post Date 23-Jul-25 Total ----25,466.05 4,291.74 -SEI 24-Jul- 25 24-Jul-25 3135G06V 0 I 300 PAID ACCRUED INTEREST ON PURCHASE OF F N M A 4.125% 8/28/25 ------3,345.83 ---SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 19 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046600 OCSD LIQUID OPERATING PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 24-Jul- 25 24-Jul-25 313589JN4 I 310 INTEREST EARNED ON F N M A DISC NT 7/24/25 $1 PV ON 1650000.0000 SHARES DUE 7/24/2025 1,650,000 PAR VALUE AT 100 % -----192.50 ---SEI 24-Jul- 25 24-Jul-25 3130B07B 9 I 300 PAID ACCRUED INTEREST ON PURCHASE OF FEDERAL HOME LOAN 0.00001% 2/23/26 ------1,531.72 ---SEI 24-Jul- 25 24-Jul-25 3130B6US 3 I 300 PAID ACCRUED INTEREST ON PURCHASE OF F H L B DEB 4.380% 2/24/26 ------1,757.36 ---SEI 24-Jul- 25 24-Jul-25 46625HRS 1 I 300 PAID ACCRUED INTEREST ON PURCHASE OF JPMORGAN CHASE CO 3.200% 6/15/26 ------4,988.53 ---SEI 24-Jul- 25 24-Jul-25 74340XBU 4 I 300 PAID ACCRUED INTEREST ON PURCHASE OF PROLOGIS L P 3.250% 6/30/26 ------1,124.50 ---SEI 24-Jul- 25 24-Jul-25 3130AL7B 4 FHL0826 AB I 300 PAID ACCRUED INTEREST ON PURCHASE OF F H L B DEB 0.800% 2/25/26 ------1,655.56 ---SEI 24-Jul- 25 24-Jul-25 3133ENJ 35 I 300 PAID ACCRUED INTEREST ON PURCHASE OF F F C B DEB 3.320% 2/25/26 ------20,611.67 ---SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 20 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046600 OCSD LIQUID OPERATING PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 24-Jul- 25 24-Jul-25 912797PG 6 I 310 INTEREST EARNED ON U S TREASURY BILL 7/31/25 $1 PV ON 5700000.0000 SHARES DUE 7/24/2025 5,700,000 PAR VALUE AT 99.91808053 % -----62,679.49 ---SEI 24-Jul- 25 23-Jul-25 24-Jul-25 3135G06V 0 P 10 PURCHASED PAR VALUE OF F N M A 4.125% 8/28/25 /MIZUHO SECURITIES USA INC./200,000 PAR VALUE AT 99.95504 % 200,000.0000 99.95 50 ----199,910.08 199,910.08 --SEI 24-Jul- 25 24-Jul-25 24-Jul-25 313589JN4 P 20 MATURED PAR VALUE OF F N M A DISC NT 7/24/25 1,650,000 PAR VALUE AT 100 % - 1,650,000.000 0 100.0 000 ---1,649,807.50 - 1,649,807.50 --SEI 24-Jul- 25 24-Jul-25 24-Jul-25 31846V567 FGZXX P 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z 1,446,744.090 0 -----1,446,744.09 1,446,744.09 --SEI 24-Jul- 25 24-Jul-25 24-Jul-25 31846V567 FGZXX P 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z - 1,704,149.060 0 ----1,704,149.06 - 1,704,149.06 --SEI 24-Jul- 25 24-Jul-25 24-Jul-25 912797QM 2 P 10 PURCHASED PAR VALUE OF U S TREASURY BILL 9/02/25 /BMO- CHICAGO BRANCH/2,760,000 PAR VALUE AT 99.5302221 % 2,760,000.000 0 99.53 02 ----2,747,034.13 2,747,034.13 --SEI 24-Jul- 25 24-Jul-25 24-Jul-25 46625HRS 1 P 10 PURCHASED PAR VALUE OF JPMORGAN CHASE CO 3.200% 6/15/26 /GOLDMAN SACHS & CO. LLC/1,439,000 PAR VALUE AT 99.028 % 1,439,000.000 0 99.02 80 ----1,425,012.92 1,425,012.92 --SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 21 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046600 OCSD LIQUID OPERATING PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 24-Jul- 25 24-Jul-25 24-Jul-25 3130AL7B 4 FHL0826 AB P 10 PURCHASED PAR VALUE OF F H L B DEB 0.800% 2/25/26 /TD SECURITIES (USA) LLC/500,000 PAR VALUE AT 98.014 % 500,000.0000 98.01 40 ----490,070.00 490,070.00 --SEI 24-Jul- 25 24-Jul-25 24-Jul-25 3133ENJ 35 P 10 PURCHASED PAR VALUE OF F F C B DEB 3.320% 2/25/26 /CITIGROUP GLOBAL MARKETS INC./1,500,000 PAR VALUE AT 99.45261933 % 1,500,000.000 0 99.45 26 ----1,491,789.29 1,491,789.29 --SEI 24-Jul- 25 24-Jul-25 24-Jul-25 3130B07B 9 P 10 PURCHASED PAR VALUE OF FEDERAL HOME LOAN 0.00001% 2/23/26 /BARCLAYS CAPITAL INC. FIXED IN/200,000 PAR VALUE AT 100.07074 % 200,000.0000 100.0 707 ----200,141.48 200,141.48 --SEI 24-Jul- 25 24-Jul-25 24-Jul-25 74340XBU 4 P 10 PURCHASED PAR VALUE OF PROLOGIS L P 3.250% 6/30/26 /PERSHING LLC/519,000 PAR VALUE AT 98.991 % 519,000.0000 98.99 10 ----513,763.29 513,763.29 --SEI 24-Jul- 25 24-Jul-25 24-Jul-25 3130B6US 3 P 10 PURCHASED PAR VALUE OF F H L B DEB 4.380% 2/24/26 /BARCLAYS CAPITAL INC. FIXED IN/500,000 PAR VALUE AT 99.99984 % 500,000.0000 99.99 98 ----499,999.20 499,999.20 --SEI 24-Jul- 25 24-Jul-25 24-Jul-25 912797PG 6 P 20 SOLD PAR VALUE OF U S TREASURY BILL 7/31/25 /CITIGROUP GLOBAL MARKETS INC./5,700,000 PAR VALUE AT 99.91808053 % - 5,700,000.000 0 99.91 81 ---5,632,651.10 - 5,632,651.10 --SEI Post Date 24-Jul-25 Total ----27,856.82 --SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 22 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046600 OCSD LIQUID OPERATING PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 25-Jul- 25 25-Jul-25 3134GXE 34 I 310 INTEREST EARNED ON F H L M C M T N 4.050% 7/25/25 $1 PV ON 1000000.0000 SHARES DUE 7/25/2025 -----20,250.00 ---SEI 25-Jul- 25 25-Jul-25 25-Jul-25 3134GXE 34 P 20 MATURED PAR VALUE OF F H L M C M T N 4.050% 7/25/25 1,000,000 PAR VALUE AT 100 % - 1,000,000.000 0 100.0 000 ---1,000,000.00 -999,000.00 1,000.00 -SEI 25-Jul- 25 25-Jul-25 25-Jul-25 31846V567 FGZXX P 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z 1,020,250.000 0 -----1,020,250.00 1,020,250.00 --SEI 25-Jul- 25 25-Jul-25 25-Jul-25 31846V567 FGZXX P 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z - 1,024,636.980 0 ----1,024,636.98 - 1,024,636.98 --SEI 25-Jul- 25 25-Jul-25 25-Jul-25 313385JS6 P 10 PURCHASED PAR VALUE OF F H L B DISC NTS 7/28/25 /JEFFERIES LLC/XOTC 1,025,000 PAR VALUE AT 99.96458341 % 1,025,000.000 0 99.96 46 ----1,024,636.98 1,024,636.98 --SEI Post Date 25-Jul-25 Total ----21,250.00 1,000.00 -SEI 28-Jul- 25 28-Jul-25 3130AL7E 8 I 300 PAID ACCRUED INTEREST ON PURCHASE OF FEDERAL HOME LOAN BA 0.600% 2/25/26 ------2,550.00 ---SEI 28-Jul- 25 28-Jul-25 3134A1Z 60 I 300 PAID ACCRUED INTEREST ON PURCHASE OF F H L M C M T N 6.930% 6/01/26 ------14,538.56 ---SEI 28-Jul- 25 28-Jul-25 313385JS6 I 310 INTEREST EARNED ON F H L B DISC NTS 7/28/25 $1 PV ON 1025000.0000 SHARES DUE 7/28/2025 1,025,000 PAR VALUE AT 100 % -----363.02 ---SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 23 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046600 OCSD LIQUID OPERATING PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 28-Jul- 25 28-Jul-25 61746BDZ 6 I 310 INTEREST EARNED ON MORGAN STANLEY MTN 3.875% 1/27/26 $1 PV ON 1500000.0000 SHARES DUE 7/27/2025 -----29,062.50 ---SEI 28-Jul- 25 28-Jul-25 459058JE4 I 310 INTEREST EARNED ON INTL BK M T N 0.375% 7/28/25 $1 PV ON 10000000.0000 SHARES DUE 7/28/2025 -----18,800.00 ---SEI 28-Jul- 25 25-Jul-25 28-Jul-25 3130AL7E 8 P 10 PURCHASED PAR VALUE OF FEDERAL HOME LOAN BA 0.600% 2/25/26 /FTBMUS44SEC FIRST HORIZON US/1,000,000 PAR VALUE AT 97.905 % 1,000,000.000 0 97.90 50 ----979,050.00 979,050.00 --SEI 28-Jul- 25 25-Jul-25 28-Jul-25 3134A1Z 60 P 10 PURCHASED PAR VALUE OF F H L M C M T N 6.930% 6/01/26 /WELLS FARGO SECURITIES, LLC/1,325,000 PAR VALUE AT 102.2198 % 1,325,000.000 0 102.2 198 ----1,354,412.35 1,354,412.35 --SEI 28-Jul- 25 28-Jul-25 28-Jul-25 459058JE4 P 20 MATURED PAR VALUE OF INTL BK M T N 0.375% 7/28/25 10,000,000 PAR VALUE AT 100 % - 10,000,000.00 00 100.0 000 ---10,000,000.00 - 9,793,996.50 206,003.5 0 -SEI 28-Jul- 25 28-Jul-25 28-Jul-25 31846V567 FGZXX P 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z 8,722,261.590 0 -----8,722,261.59 8,722,261.59 --SEI 28-Jul- 25 28-Jul-25 28-Jul-25 313385JS6 P 20 MATURED PAR VALUE OF F H L B DISC NTS 7/28/25 1,025,000 PAR VALUE AT 100 % - 1,025,000.000 0 100.0 000 ---1,024,636.98 - 1,024,636.98 --SEI 28-Jul- 25 28-Jul-25 28-Jul-25 31846V567 FGZXX P 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z - 8,693,710.920 0 ----8,693,710.92 - 8,693,710.92 --SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 24 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046600 OCSD LIQUID OPERATING PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 28-Jul- 25 28-Jul-25 28-Jul-25 14912DUV 9 P 10 PURCHASED PAR VALUE OF CATERPILLAR FINL SVCS C P 7/29/25 /BARCLAYS CAPITAL INC. FIXED IN/6,000,000 PAR VALUE AT 99.98802783 % 6,000,000.000 0 99.98 80 ----5,999,281.67 5,999,281.67 --SEI 28-Jul- 25 28-Jul-25 28-Jul-25 53245PVE 5 P 10 PURCHASED PAR VALUE OF LILLY ELI CO DISC C P 8/14/25 /CITIGROUP GLOBAL MARKETS INC./XOTC 2,700,000 PAR VALUE AT 99.79552778 % 2,700,000.000 0 99.79 55 ----2,694,479.25 2,694,479.25 --SEI Post Date 28-Jul-25 Total ----237,140.46 206,003.5 0 -SEI 29-Jul- 25 29-Jul-25 3130ANQK 9 FHL0625J I 300 PAID ACCRUED INTEREST ON PURCHASE OF F H L B DEB 1.000% 8/26/25 ------13,362.00 ---SEI 29-Jul- 25 29-Jul-25 14912DUV 9 I 310 INTEREST EARNED ON CATERPILLAR FINL SVCS C P 7/29/25 $1 PV ON 6000000.0000 SHARES DUE 7/29/2025 6,000,000 PAR VALUE AT 100 % -----718.33 ---SEI 29-Jul- 25 29-Jul-25 3136G4D 75 I 310 INTEREST EARNED ON F N M A 0.600% 7/29/25 $1 PV ON 2225000.0000 SHARES DUE 7/29/2025 -----6,675.00 ---SEI 29-Jul- 25 29-Jul-25 3130AM4P 4 I 310 INTEREST EARNED ON F H L B DEB 0.750% 7/29/25 $1 PV ON 500000.0000 SHARES DUE 7/29/2025 -----937.50 ---SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 25 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046600 OCSD LIQUID OPERATING PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 29-Jul- 25 29-Jul-25 3136G4B 85 I 310 INTEREST EARNED ON F N M A 0.600% 7/29/25 $1 PV ON 200000.0000 SHARES DUE 7/29/2025 -----600.00 ---SEI 29-Jul- 25 29-Jul-25 3133EPBJ 3 FFC8526 I 300 PAID ACCRUED INTEREST ON PURCHASE OF F F C B DEB 8.55978% 2/23/26 ------3,791.67 ---SEI 29-Jul- 25 28-Jul-25 29-Jul-25 3130ANQK 9 FHL0625J P 10 PURCHASED PAR VALUE OF F H L B DEB 1.000% 8/26/25 /FTBMUS44SEC FIRST HORIZON US/2,620,000 PAR VALUE AT 99.7469 % 2,620,000.000 0 99.74 69 ----2,613,368.78 2,613,368.78 --SEI 29-Jul- 25 28-Jul-25 29-Jul-25 53245PVE 5 P 10 PURCHASED PAR VALUE OF LILLY ELI CO DISC C P 8/14/25 /CITIGROUP GLOBAL MARKETS INC./XOTC 5,000,000 PAR VALUE AT 99.8075556 % 5,000,000.000 0 99.80 76 ----4,990,377.78 4,990,377.78 --SEI 29-Jul- 25 29-Jul-25 29-Jul-25 3130AM4P 4 P 20 MATURED PAR VALUE OF F H L B DEB 0.750% 7/29/25 500,000 PAR VALUE AT 100 % -500,000.0000 100.0 000 ---500,000.00 -498,294.50 1,705.50 -SEI 29-Jul- 25 29-Jul-25 29-Jul-25 3136G4B 85 P 20 MATURED PAR VALUE OF F N M A 0.600% 7/29/25 200,000 PAR VALUE AT 100 % -200,000.0000 100.0 000 ---200,000.00 -199,287.60 712.40 -SEI 29-Jul- 25 29-Jul-25 29-Jul-25 14912DUV 9 P 20 MATURED PAR VALUE OF CATERPILLAR FINL SVCS C P 7/29/25 6,000,000 PAR VALUE AT 100 % - 6,000,000.000 0 100.0 000 ---5,999,281.67 - 5,999,281.67 --SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 26 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046600 OCSD LIQUID OPERATING PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 29-Jul- 25 29-Jul-25 29-Jul-25 3136G4D 75 P 20 MATURED PAR VALUE OF F N M A 0.600% 7/29/25 2,225,000 PAR VALUE AT 100 % - 2,225,000.000 0 100.0 000 ---2,225,000.00 - 2,217,072.33 7,927.67 -SEI 29-Jul- 25 29-Jul-25 29-Jul-25 31846V567 FGZXX P 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z 1,316,103.940 0 -----1,316,103.94 1,316,103.94 --SEI 29-Jul- 25 29-Jul-25 29-Jul-25 31846V567 FGZXX P 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z - 1,328,742.860 0 ----1,328,742.86 - 1,328,742.86 --SEI 29-Jul- 25 29-Jul-25 29-Jul-25 3133EPBJ 3 FFC8526 P 10 PURCHASED PAR VALUE OF F F C B DEB 8.55978% 2/23/26 /RBS SECURITIES INC./200,000 PAR VALUE AT 100.042 % 200,000.0000 100.0 420 ----200,084.00 200,084.00 --SEI 29-Jul- 25 29-Jul-25 29-Jul-25 313385JU1 P 10 PURCHASED PAR VALUE OF F H L B DISC NTS 7/30/25 /BOFA SECURITIES, INC./FXD INC/XOTC 1,125,000 PAR VALUE AT 99.98819467 % 1,125,000.000 0 99.98 82 ----1,124,867.19 1,124,867.19 --SEI Post Date 29-Jul-25 Total ----2,122.73 10,345.57 -SEI 30-Jul- 25 30-Jul-25 3133ERHS 3 FFC5426L I 300 PAID ACCRUED INTEREST ON PURCHASE OF F F C B DEB 4.440% 3/24/26 ------3,574.20 ---SEI 30-Jul- 25 30-Jul-25 912797QJ 9 I 310 INTEREST EARNED ON U S TREASURY BILL 8/12/25 $1 PV ON 2350000.0000 SHARES DUE 7/29/2025 2,350,000 PAR VALUE AT 99.84705149 % -----12,353.05 ---SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 27 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046600 OCSD LIQUID OPERATING PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 30-Jul- 25 30-Jul-25 313385JU1 I 310 INTEREST EARNED ON F H L B DISC NTS 7/30/25 $1 PV ON 1125000.0000 SHARES DUE 7/30/2025 1,125,000 PAR VALUE AT 100 % -----132.81 ---SEI 30-Jul- 25 30-Jul-25 3133ERZL 8 FFC4525 I 310 INTEREST EARNED ON F F C B DEB 4.42206% 10/30/25 $1 PV ON 4150000.0000 SHARES DUE 7/30/2025 -----45,878.83 ---SEI 30-Jul- 25 29-Jul-25 30-Jul-25 912797RQ 2 P 10 PURCHASED PAR VALUE OF U S TREASURY BILL 11/25/25 /BMO- CHICAGO BRANCH/1,675,000 PAR VALUE AT 98.6194 % 1,675,000.000 0 98.61 94 ----1,651,874.95 1,651,874.95 --SEI 30-Jul- 25 29-Jul-25 30-Jul-25 59157TWV 1 P 10 PURCHASED PAR VALUE OF METLIFE SHORT TERM FDG C P 9/29/25 /BOFA SECURITIES, INC./FXD INC/1,000,000 PAR VALUE AT 99.266306 % 1,000,000.000 0 99.26 63 ----992,663.06 992,663.06 --SEI 30-Jul- 25 29-Jul-25 30-Jul-25 3133ERHS 3 FFC5426L P 10 PURCHASED PAR VALUE OF F F C B DEB 4.440% 3/24/26 /CITIGROUP GLOBAL MARKETS INC./XOTC 805,000 PAR VALUE AT 100.02298261 % 805,000.0000 100.0 230 ----805,185.01 805,185.01 --SEI 30-Jul- 25 29-Jul-25 30-Jul-25 912797QJ 9 P 20 SOLD PAR VALUE OF U S TREASURY BILL 8/12/25 /BMO-CHICAGO BRANCH/2,350,000 PAR VALUE AT 99.84705149 % - 2,350,000.000 0 99.84 71 ---2,334,052.66 - 2,334,052.66 --SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 28 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046600 OCSD LIQUID OPERATING PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 30-Jul- 25 30-Jul-25 30-Jul-25 313385JU1 P 20 MATURED PAR VALUE OF F H L B DISC NTS 7/30/25 1,125,000 PAR VALUE AT 100 % - 1,125,000.000 0 100.0 000 ---1,124,867.19 - 1,124,867.19 --SEI 30-Jul- 25 30-Jul-25 30-Jul-25 31846V567 FGZXX P 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z 63,987.3200 -----63,987.32 63,987.32 --SEI Post Date 30-Jul-25 Total ----54,790.49 --SEI 31-Jul- 25 31-Jul-25 92826CAD 4 I 300 PAID ACCRUED INTEREST ON PURCHASE OF VISA INC 3.150% 12/14/25 ------8,225.00 ---SEI 31-Jul- 25 31-Jul-25 3137EAEX 3 I 300 PAID ACCRUED INTEREST ON PURCHASE OF F H L M C M T N 0.375% 9/23/25 ------4,666.67 ---SEI 31-Jul- 25 31-Jul-25 3130AV6J 6 I 300 PAID ACCRUED INTEREST ON PURCHASE OF F H L B DEB 4.500% 3/13/26 ------31,222.50 ---SEI 31-Jul- 25 31-Jul-25 17325FBA 5 I 300 PAID ACCRUED INTEREST ON PURCHASE OF CITIBANK N A 5.864% 9/29/25 ------44,812.36 ---SEI 31-Jul- 25 31-Jul-25 3130AUU 36 I 300 PAID ACCRUED INTEREST ON PURCHASE OF F H L B DEB 4.125% 3/13/26 ------7,906.25 ---SEI 31-Jul- 25 31-Jul-25 3133EN7J 3 I 300 PAID ACCRUED INTEREST ON PURCHASE OF F F C B DEB 3.875% 2/02/26 ------4,816.84 ---SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 29 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046600 OCSD LIQUID OPERATING PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 31-Jul- 25 31-Jul-25 03785DUX 2 I 310 INTEREST EARNED ON APPLE INC DISC COML C P 7/31/25 $1 PV ON 7600000.0000 SHARES DUE 7/31/2025 7,600,000 PAR VALUE AT 100 % -----39,849.33 ---SEI 31-Jul- 25 31-Jul-25 14912DUX 5 I 310 INTEREST EARNED ON CATERPILLAR FINL SVCS C P 7/31/25 $1 PV ON 4100000.0000 SHARES DUE 7/31/2025 4,100,000 PAR VALUE AT 100 % -----23,616.00 ---SEI 31-Jul- 25 31-Jul-25 59166GUX 6 I 310 INTEREST EARNED ON METLIFE SHORT TERM FDG C P 7/31/25 $1 PV ON 1800000.0000 SHARES DUE 7/31/2025 1,800,000 PAR VALUE AT 100 % -----9,504.00 ---SEI 31-Jul- 25 31-Jul-25 91282CHS 3 I 310 INTEREST EARNED ON U S TREASURY NT 0.00001% 7/31/25 $1 PV ON 20000000.0000 SHARES DUE 7/31/2025 -----225,698.55 ---SEI 31-Jul- 25 31-Jul-25 91282CJD 4 I 310 INTEREST EARNED ON U S TREASURY NT 5.549% 10/31/25 $1 PV ON 2000000.0000 SHARES DUE 7/31/2025 -----22,799.86 ---SEI 31-Jul- 25 31-Jul-25 3130AKVY 9 I 300 PAID ACCRUED INTEREST ON PURCHASE OF F H L B DEB 0.520% 1/29/26 ------11.99 ---SEI 31-Jul- 25 31-Jul-25 3133ER2H 3 I 300 PAID ACCRUED INTEREST ON PURCHASE OF F F C B DEB 4.125% 2/03/26 ------17,948.33 ---SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 30 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046600 OCSD LIQUID OPERATING PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 31-Jul- 25 31-Jul-25 3133EPCF 0 I 300 PAID ACCRUED INTEREST ON PURCHASE OF F F C B DEB 4.500% 3/02/26 ------35,387.50 ---SEI 31-Jul- 25 30-Jul-25 31-Jul-25 3133EN7J 3 P 10 PURCHASED PAR VALUE OF F F C B DEB 3.875% 2/02/26 /PERSHING LLC/250,000 PAR VALUE AT 99.737 % 250,000.0000 99.73 70 ----249,342.50 249,342.50 --SEI 31-Jul- 25 30-Jul-25 31-Jul-25 17325FBA 5 P 10 PURCHASED PAR VALUE OF CITIBANK N A 5.864% 9/29/25 /GOLDMAN SACHS & CO. LLC/2,255,000 PAR VALUE AT 100.097 % 2,255,000.000 0 100.0 970 ----2,257,187.35 2,257,187.35 --SEI 31-Jul- 25 30-Jul-25 31-Jul-25 3130AV6J 6 P 10 PURCHASED PAR VALUE OF F H L B DEB 4.500% 3/13/26 /CITIGROUP GLOBAL MARKETS INC./1,810,000 PAR VALUE AT 100.16 % 1,810,000.000 0 100.1 600 ----1,812,896.00 1,812,896.00 --SEI 31-Jul- 25 30-Jul-25 31-Jul-25 92826CAD 4 P 10 PURCHASED PAR VALUE OF VISA INC 3.150% 12/14/25 /GOLDMAN SACHS & CO. LLC/2,000,000 PAR VALUE AT 99.528 % 2,000,000.000 0 99.52 80 ----1,990,560.00 1,990,560.00 --SEI 31-Jul- 25 30-Jul-25 31-Jul-25 3130AUU 36 P 10 PURCHASED PAR VALUE OF F H L B DEB 4.125% 3/13/26 /CITIGROUP GLOBAL MARKETS INC./500,000 PAR VALUE AT 99.935 % 500,000.0000 99.93 50 ----499,675.00 499,675.00 --SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 31 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046600 OCSD LIQUID OPERATING PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 31-Jul- 25 30-Jul-25 31-Jul-25 93114EV 46 P 10 PURCHASED PAR VALUE OF WALMART INC DISC COML C P 8/04/25 /BOFA SECURITIES, INC./FXD INC/7,500,000 PAR VALUE AT 99.95222227 % 7,500,000.000 0 99.95 22 ----7,496,416.67 7,496,416.67 --SEI 31-Jul- 25 30-Jul-25 31-Jul-25 3137EAEX 3 P 10 PURCHASED PAR VALUE OF F H L M C M T N 0.375% 9/23/25 /STONEX FINANCIAL INC./3,500,000 PAR VALUE AT 99.412 % 3,500,000.000 0 99.41 20 ----3,479,420.00 3,479,420.00 --SEI 31-Jul- 25 30-Jul-25 31-Jul-25 14912DVJ 5 P 10 PURCHASED PAR VALUE OF CATERPILLAR FINL SVCS C P 8/18/25 /WELLS FARGO SECURITIES, LLC/XOTC 3,500,000 PAR VALUE AT 99.7835 % 3,500,000.000 0 99.78 35 ----3,492,422.50 3,492,422.50 --SEI 31-Jul- 25 31-Jul-25 31-Jul-25 03785DUX 2 P 20 MATURED PAR VALUE OF APPLE INC DISC COML C P 7/31/25 7,600,000 PAR VALUE AT 100 % - 7,600,000.000 0 100.0 000 ---7,560,150.67 - 7,560,150.67 --SEI 31-Jul- 25 31-Jul-25 31-Jul-25 31846V567 FGZXX P 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z 15,612,852.86 00 ----- 15,612,852.86 15,612,852.8 6 --SEI 31-Jul- 25 31-Jul-25 31-Jul-25 59166GUX 6 P 20 MATURED PAR VALUE OF METLIFE SHORT TERM FDG C P 7/31/25 1,800,000 PAR VALUE AT 100 % - 1,800,000.000 0 100.0 000 ---1,790,496.00 - 1,790,496.00 --SEI 31-Jul- 25 31-Jul-25 31-Jul-25 14912DUX 5 P 20 MATURED PAR VALUE OF CATERPILLAR FINL SVCS C P 7/31/25 4,100,000 PAR VALUE AT 100 % - 4,100,000.000 0 100.0 000 ---4,076,384.00 - 4,076,384.00 --SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 32 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046600 OCSD LIQUID OPERATING PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 31-Jul- 25 31-Jul-25 31-Jul-25 91282CHS 3 P 20 MATURED PAR VALUE OF U S TREASURY NT 0.00001% 7/31/25 20,000,000 PAR VALUE AT 100 % - 20,000,000.00 00 100.0 000 ---20,000,000.00 - 19,999,854.9 1 145.09 -SEI 31-Jul- 25 31-Jul-25 31-Jul-25 31846V567 FGZXX P 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z - 15,401,584.65 00 ----15,401,584.65 - 15,401,584.6 5 --SEI 31-Jul- 25 31-Jul-25 31-Jul-25 3130AKVY 9 P 10 PURCHASED PAR VALUE OF F H L B DEB 0.520% 1/29/26 /STONEX FINANCIAL INC./415,000 PAR VALUE AT 98.163 % 415,000.0000 98.16 30 ----407,376.45 407,376.45 --SEI 31-Jul- 25 31-Jul-25 31-Jul-25 3133ER2H 3 P 10 PURCHASED PAR VALUE OF F F C B DEB 4.125% 2/03/26 /CITIGROUP GLOBAL MARKETS INC./880,000 PAR VALUE AT 99.895 % 880,000.0000 99.89 50 ----879,076.00 879,076.00 --SEI 31-Jul- 25 31-Jul-25 31-Jul-25 912797QM 2 P 10 PURCHASED PAR VALUE OF U S TREASURY BILL 9/02/25 /BMO- CHICAGO BRANCH/8,950,000 PAR VALUE AT 99.61266246 % 8,950,000.000 0 99.61 27 ----8,915,333.29 8,915,333.29 --SEI 31-Jul- 25 31-Jul-25 31-Jul-25 3133EPCF 0 P 10 PURCHASED PAR VALUE OF F F C B DEB 4.500% 3/02/26 /CITIGROUP GLOBAL MARKETS INC./1,900,000 PAR VALUE AT 100.133 % 1,900,000.000 0 100.1 330 ----1,902,527.00 1,902,527.00 --SEI Post Date 31-Jul-25 Total ----166,615.39 145.09 -SEI Account 6745046600 Total ----- 38,922,757.8 2 294,086.3 8 -SEI Account Ending Cash Principal Cash: - 23,593,705.72 Income Cash: 23,593,705.72 Total Cash: - TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 33 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046601 OCSD LONG-TERM PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System Account Beginning Cash Principal Cash: - 101,145,914.91 Income Cash: 101,145,914.91 Total Cash: - 01-Jul- 25 01-Jul-25 91282CGS 4 UST0030 I 300 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 3.625% 3/31/30 ------78,363.39 ---SEI 01-Jul- 25 01-Jul-25 91282CDG 3 I 301 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 1.125% 10/31/26 -----18,006.11 ---SEI 01-Jul- 25 01-Jul-25 31846V567 FGZXX I 310 INTEREST EARNED ON FIRST AM GOVT OB FD CL Z UNIT ON 0.0000 SHARES DUE 6/30/2025 INTEREST FROM 6/1/25 TO 6/30/25 -----4,084.60 ---SEI 01-Jul- 25 30-Jun- 25 01-Jul-25 91282CGS 4 UST0030 P 10 PURCHASED PAR VALUE OF U S TREASURY NT 3.625% 3/31/30 /CITIGROUP GLOBAL MARKETS INC./8,600,000 PAR VALUE AT 99.28549128 % 8,600,000.000 0 99.28 55 ----8,538,552.25 8,538,552.25 --SEI 01-Jul- 25 30-Jun- 25 01-Jul-25 91282CDG 3 P 20 SOLD PAR VALUE OF U S TREASURY NT 1.125% 10/31/26 /BNPAFRPP BNP PARIBAS PARIS/9,500,000 PAR VALUE AT 96.44497747 % - 9,500,000.000 0 96.44 50 ---9,162,272.86 - 9,445,859.38 -- 283,586. 52 SEI 01-Jul- 25 01-Jul-25 01-Jul-25 31846V567 FGZXX P 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z 563,363.3300 -----563,363.33 563,363.33 --SEI Post Date 01-Jul-25 Total ---4,084.60 -343,943.80 -- 283,586. 52 SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 34 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046601 OCSD LONG-TERM PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 02-Jul- 25 02-Jul-25 02-Jul-25 31846V567 FGZXX P 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z 4,084.6000 -----4,084.60 4,084.60 --SEI Post Date 02-Jul-25 Total ----4,084.60 4,084.60 --SEI 07-Jul- 25 07-Jul-25 02665 WEM9 I 310 INTEREST EARNED ON AMERICAN HONDA MTN 5.125% 7/07/28 $1 PV ON 1000000.0000 SHARES DUE 7/7/2025 -----25,625.00 ---SEI 07-Jul- 25 07-Jul-25 00138CBD 9 I 310 INTEREST EARNED ON AIG GLOBAL FDG MTN 4.900% 1/07/28 $1 PV ON 5091000.0000 SHARES DUE 7/7/2025 -----123,343.62 ---SEI 07-Jul- 25 07-Jul-25 07-Jul-25 31846V567 FGZXX P 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z 148,968.6200 -----148,968.62 148,968.62 --SEI Post Date 07-Jul-25 Total ----148,968.62 --SEI 11-Jul- 25 11-Jul-25 59217GER 6 I 310 INTEREST EARNED ON MET LIFE GLOB MTN 1.875% 1/11/27 $1 PV ON 5920000.0000 SHARES DUE 7/11/2025 -----55,500.00 ---SEI 11-Jul- 25 11-Jul-25 91282CEE 7 I 300 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 2.375% 3/31/29 ------36,403.69 ---SEI 11-Jul- 25 11-Jul-25 45950KDD 9 I 301 RECEIVED ACCRUED INTEREST ON SALE OF IFC M T N 4.500% 7/13/28 -----91,892.50 ---SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 35 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046601 OCSD LONG-TERM PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 11-Jul- 25 10-Jul-25 11-Jul-25 91282CEE 7 P 10 PURCHASED PAR VALUE OF U S TREASURY NT 2.375% 3/31/29 /J.P. MORGAN SECURITIES LLC/5,500,000 PAR VALUE AT 94.84799127 % 5,500,000.000 0 94.84 80 ----5,216,639.52 5,216,639.52 --SEI 11-Jul- 25 10-Jul-25 11-Jul-25 45950KDD 9 P 20 SOLD PAR VALUE OF IFC M T N 4.500% 7/13/28 /WELLS FARGO SECURITIES, LLC/4,130,000 PAR VALUE AT 101.7619 % - 4,130,000.000 0 101.7 619 ---4,202,766.47 - 4,125,415.70 -77,350.7 7 SEI 11-Jul- 25 11-Jul-25 11-Jul-25 31846V567 FGZXX P 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z - 1,180,126.860 0 ----1,180,126.86 - 1,180,126.86 --SEI 11-Jul- 25 11-Jul-25 11-Jul-25 31846V567 FGZXX P 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z 277,242.6200 -----277,242.62 277,242.62 --SEI Post Date 11-Jul-25 Total ----188,339.58 -77,350.7 7 SEI 15-Jul- 25 15-Jul-25 3133TCE 95 FHL3032 I 310 INTEREST EARNED ON F H L M C MLTCL MT 4.562% 8/15/32 $1 PV ON 5.3500 SHARES DUE 7/15/2025 $0.00380/PV ON 1,406.75 PV DUE 7/15/25 -----5.35 ---SEI 15-Jul- 25 15-Jul-25 14043KAK 1 I 310 INTEREST EARNED ON CAPITAL ONE PRIME 4.760% 8/15/28 $1 PV ON 20785.3400 SHARES DUE 7/15/2025 $0.00397/PV ON 5,240,000.00 PV DUE 7/15/25 -----20,785.34 ---SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 36 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046601 OCSD LONG-TERM PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 15-Jul- 25 15-Jul-25 12674BAB 1 CE44328 I 310 INTEREST EARNED ON CNH EQUIPMENT 4.300% 8/15/28 $1 PV ON 14526.5200 SHARES DUE 7/15/2025 $0.00358/PV ON 4,053,913.00 PV DUE 7/15/25 -----14,526.52 ---SEI 15-Jul- 25 15-Jul-25 02582JKM 1 AE44529 I 310 INTEREST EARNED ON AMERICAN EXP 4.560% 12/17/29 $1 PV ON 40416.8000 SHARES DUE 7/15/2025 $0.00380/PV ON 10,636,000.00 PV DUE 7/15/25 -----40,416.80 ---SEI 15-Jul- 25 15-Jul-25 02582JJV3 I 310 INTEREST EARNED ON AMERICAN EXPRESS 3.750% 8/16/27 $1 PV ON 6250.0000 SHARES DUE 7/15/2025 $0.00313/PV ON 2,000,000.00 PV DUE 7/15/25 -----6,250.00 ---SEI 15-Jul- 25 15-Jul-25 161571HV 9 I 310 INTEREST EARNED ON CHASE ISSUE TR 4.600% 1/16/29 $1 PV ON 30820.0000 SHARES DUE 7/15/2025 $0.00383/PV ON 8,040,000.00 PV DUE 7/15/25 -----30,820.00 ---SEI 15-Jul- 25 15-Jul-25 47800AAC 4 JDO6827 I 310 INTEREST EARNED ON JOHN DEERE OWNR TR 3.740% 2/16/27 $1 PV ON 2875.7300 SHARES DUE 7/15/2025 $0.00312/PV ON 922,692.81 PV DUE 7/15/25 -----2,875.73 ---SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 37 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046601 OCSD LONG-TERM PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 15-Jul- 25 15-Jul-25 47800BAC 2 JDO5027 I 310 INTEREST EARNED ON JOHN DEERE OWNER 5.090% 6/15/27 $1 PV ON 7663.1600 SHARES DUE 7/15/2025 $0.00424/PV ON 1,806,638.84 PV DUE 7/15/25 -----7,663.16 ---SEI 15-Jul- 25 15-Jul-25 361886DK 7 I 310 INTEREST EARNED ON GMF FLOORPL OWNE 4.680% 11/15/28 $1 PV ON 30069.0000 SHARES DUE 7/15/2025 $0.00390/PV ON 7,710,000.00 PV DUE 7/15/25 -----30,069.00 ---SEI 15-Jul- 25 15-Jul-25 345282AD 9 I 310 INTEREST EARNED ON FORD CREDIT AT 4.940% 6/15/28 $1 PV ON 18887.8700 SHARES DUE 7/15/2025 $0.00393/PV ON 4,802,000.00 PV DUE 7/15/25 -----18,887.87 ---SEI 15-Jul- 25 15-Jul-25 43816DAC 9 I 310 INTEREST EARNED ON HONDA AUTO 4.330% 3/15/29 $1 PV ON 7119.2400 SHARES DUE 7/15/2025 $0.00361/PV ON 1,973,000.00 PV DUE 7/15/25 -----7,119.24 ---SEI 15-Jul- 25 15-Jul-25 43815BAC 4 HAR1826 I 310 INTEREST EARNED ON HONDA AUTO REC OWN 1.880% 5/15/26 $1 PV ON 376.6400 SHARES DUE 7/15/2025 $0.00157/PV ON 240,406.75 PV DUE 7/15/25 -----376.64 ---SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 38 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046601 OCSD LONG-TERM PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 15-Jul- 25 15-Jul-25 47800DAD 6 I 310 INTEREST EARNED ON JOHN DEERE OWNER TR 4.830% 9/17/29 $1 PV ON 10737.1500 SHARES DUE 7/15/2025 $0.00353/PV ON 3,046,000.00 PV DUE 7/15/25 -----10,737.15 ---SEI 15-Jul- 25 15-Jul-25 44935CAD 3 I 310 INTEREST EARNED ON HYUNDAI AUTO RECV TR 4.790% 10/15/29 $1 PV ON 15231.6000 SHARES DUE 7/15/2025 $0.00360/PV ON 4,231,000.00 PV DUE 7/15/25 -----15,231.60 ---SEI 15-Jul- 25 15-Jul-25 448984AD 6 I 310 INTEREST EARNED ON HYUNDAI AUTO LEASE 4.620% 4/17/28 $1 PV ON 19250.0000 SHARES DUE 7/15/2025 $0.00385/PV ON 5,000,000.00 PV DUE 7/15/25 -----19,250.00 ---SEI 15-Jul- 25 15-Jul-25 34528QHV 9 I 310 INTEREST EARNED ON FORD CR FLP MASTER 0.00001% 5/15/28 $1 PV ON 36900.0000 SHARES DUE 7/15/2025 $0.00410/PV ON 9,000,000.00 PV DUE 7/15/25 -----36,900.00 ---SEI 15-Jul- 25 15-Jul-25 92887TAC 5 I 310 INTEREST EARNED ON VOLVO FINANCIAL 4.460% 5/15/29 $1 PV ON 6318.3300 SHARES DUE 7/15/2025 $0.00372/PV ON 1,700,000.00 PV DUE 7/15/25 -----6,318.33 ---SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 39 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046601 OCSD LONG-TERM PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 15-Jul- 25 15-Jul-25 31348SWZ 3 786064F I 310 INTEREST EARNED ON F H L M C #786064 6.262% 1/01/28 $1 PV ON 1.2200 SHARES DUE 7/15/2025 MAY FHLMC DUE 7/15/25 -----1.22 ---SEI 15-Jul- 25 15-Jul-25 210518DX 1 I 310 INTEREST EARNED ON CONSUMERS ENERGY CO 4.700% 1/15/30 $1 PV ON 6500000.0000 SHARES DUE 7/15/2025 -----152,750.00 ---SEI 15-Jul- 25 15-Jul-25 58773DAD 6 I 310 INTEREST EARNED ON MERCEDES BENZ 4.780% 12/17/29 $1 PV ON 18960.6700 SHARES DUE 7/15/2025 $0.00398/PV ON 4,760,000.00 PV DUE 7/15/25 -----18,960.67 ---SEI 15-Jul- 25 15-Jul-25 15-Jul-25 3133TCE 95 FHL3032 P 20 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 4.562% 8/15/32 -33.4000 ----33.40 -33.44 --0.04 SEI 15-Jul- 25 15-Jul-25 15-Jul-25 43815BAC 4 HAR1826 P 20 PAID DOWN PAR VALUE OF HONDA AUTO REC OWN 1.880% 5/15/26 -141,552.7100 ----141,552.71 -141,531.42 -21.29 SEI 15-Jul- 25 15-Jul-25 15-Jul-25 47800AAC 4 JDO6827 P 20 PAID DOWN PAR VALUE OF JOHN DEERE OWNR TR 3.740% 2/16/27 -81,733.1600 ----81,733.16 -81,725.36 -7.80 SEI 15-Jul- 25 15-Jul-25 15-Jul-25 47800BAC 2 JDO5027 P 20 PAID DOWN PAR VALUE OF JOHN DEERE OWNER 5.090% 6/15/27 -147,588.4700 ----147,588.47 -147,577.02 -11.45 SEI 15-Jul- 25 15-Jul-25 15-Jul-25 31348SWZ 3 786064F P 20 PAID DOWN PAR VALUE OF F H L M C #786064 6.262% 1/01/28 JUNE FHLMC DUE 7/15/25 -6.9000 ----6.90 -6.73 -0.17 SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 40 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046601 OCSD LONG-TERM PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 15-Jul- 25 15-Jul-25 15-Jul-25 31846V567 FGZXX P 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z 791,898.5900 -----791,898.59 791,898.59 --SEI 15-Jul- 25 15-Jul-25 15-Jul-25 31846V567 FGZXX P 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z 18,960.6700 -----18,960.67 18,960.67 --SEI Post Date 15-Jul-25 Total ----439,985.29 -40.67 SEI 16-Jul- 25 16-Jul-25 91282CCY 5 I 301 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 1.250% 9/30/28 -----27,955.94 ---SEI 16-Jul- 25 16-Jul-25 91282CCR 0 I 301 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 1.000% 7/31/28 -----25,220.99 ---SEI 16-Jul- 25 16-Jul-25 91282CEW 7 UST3227 I 301 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 3.250% 6/30/27 -----4,239.13 ---SEI 16-Jul- 25 16-Jul-25 P 210 CASH DISBURSEMENT PAID TO ORANGE COUNTY SANITATION DISTRICT OUTGOING DOMESTIC WIRE TRANSFER FROM LONG TERM PORTFOLIO ------ 15,000,000.00 ---SEI 16-Jul- 25 15-Jul-25 16-Jul-25 91282CCY 5 P 20 SOLD PAR VALUE OF U S TREASURY NT 1.250% 9/30/28 /BARCLAYS CAPITAL INC. FIXED IN/7,650,000 PAR VALUE AT 91.96060248 % - 7,650,000.000 0 91.96 06 ---7,034,986.09 - 6,989,914.30 45,071.79 -SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 41 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046601 OCSD LONG-TERM PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 16-Jul- 25 15-Jul-25 16-Jul-25 91282CEW 7 UST3227 P 20 SOLD PAR VALUE OF U S TREASURY NT 3.250% 6/30/27 /J.P. MORGAN SECURITIES LLC/3,000,000 PAR VALUE AT 98.71450867 % - 3,000,000.000 0 98.71 45 ---2,961,435.26 - 2,989,218.75 -- 27,783.4 9 SEI 16-Jul- 25 15-Jul-25 16-Jul-25 91282CCR 0 P 20 SOLD PAR VALUE OF U S TREASURY NT 1.000% 7/31/28 /BNPAFRPP BNP PARIBAS PARIS/5,500,000 PAR VALUE AT 91.67154 % - 5,500,000.000 0 91.67 15 ---5,041,934.70 - 4,922,714.84 119,219.8 6 -SEI 16-Jul- 25 16-Jul-25 16-Jul-25 31846V567 FGZXX P 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z 15,095,772.11 00 ----- 15,095,772.11 15,095,772.1 1 --SEI 16-Jul- 25 16-Jul-25 16-Jul-25 31846V567 FGZXX P 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z - 15,000,000.00 00 ----15,000,000.00 - 15,000,000.0 0 --SEI Post Date 16-Jul-25 Total ----- 14,806,075.7 8 164,291.6 5 - 27,783.4 9 SEI 18-Jul- 25 18-Jul-25 880591EZ 1 I 301 RECEIVED ACCRUED INTEREST ON SALE OF T V A 3.875% 3/15/28 -----90,095.36 ---SEI 18-Jul- 25 17-Jul-25 18-Jul-25 880591EZ 1 P 20 SOLD PAR VALUE OF T V A 3.875% 3/15/28 /WELLS FARGO SECURITIES, LLC/6,805,000 PAR VALUE AT 99.8476 % - 6,805,000.000 0 99.84 76 ---6,794,629.18 - 6,848,198.00 -- 53,568.8 2 SEI 18-Jul- 25 18-Jul-25 18-Jul-25 31846V567 FGZXX P 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z 6,884,724.540 0 -----6,884,724.54 6,884,724.54 --SEI Post Date 18-Jul-25 Total ----36,526.54 -- 53,568.8 2 SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 42 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046601 OCSD LONG-TERM PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 21-Jul- 25 21-Jul-25 92348KBG 7 I 310 INTEREST EARNED ON VERIZON MASTER TR 4.490% 1/22/29 $1 PV ON 16669.1300 SHARES DUE 7/20/2025 $0.00374/PV ON 4,455,000.00 PV DUE 7/20/25 -----16,669.13 ---SEI 21-Jul- 25 21-Jul-25 92348KDY 6 I 310 INTEREST EARNED ON VERIZON MASTER TRUST 4.510% 3/20/30 $1 PV ON 29055.6700 SHARES DUE 7/20/2025 $0.00376/PV ON 7,731,000.00 PV DUE 7/20/25 -----29,055.67 ---SEI 21-Jul- 25 21-Jul-25 89239NAD 7 I 310 INTEREST EARNED ON TOYOTA LEASE OWNER 4.750% 2/22/28 $1 PV ON 17329.5800 SHARES DUE 7/20/2025 $0.00396/PV ON 4,378,000.00 PV DUE 7/20/25 -----17,329.58 ---SEI 21-Jul- 25 21-Jul-25 36225CNM 4 080395M I 310 INTEREST EARNED ON G N M A I I #080395 4.875% 4/20/30 $1 PV ON 6.1500 SHARES DUE 7/20/2025 JUNE GNMA DUE 7/20/25 -----6.15 ---SEI 21-Jul- 25 21-Jul-25 36225CC 20 080088M I 310 INTEREST EARNED ON G N M A I I #080088 5.000% 6/20/27 $1 PV ON 8.6200 SHARES DUE 7/20/2025 JUNE GNMA DUE 7/20/25 -----8.62 ---SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 43 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046601 OCSD LONG-TERM PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 21-Jul- 25 21-Jul-25 36225CN 28 080408M I 310 INTEREST EARNED ON G N M A I I #080408 4.875% 5/20/30 $1 PV ON 56.7200 SHARES DUE 7/20/2025 JUNE GNMA DUE 7/20/25 -----56.72 ---SEI 21-Jul- 25 21-Jul-25 36225DCB 8 080965M I 310 INTEREST EARNED ON G N M A I I #080965 4.625% 7/20/34 $1 PV ON 48.6400 SHARES DUE 7/20/2025 JUNE GNMA DUE 7/20/25 -----48.64 ---SEI 21-Jul- 25 21-Jul-25 36225CAZ 9 080023M I 310 INTEREST EARNED ON G N M A I I #080023 4.750% 12/20/26 $1 PV ON 5.8000 SHARES DUE 7/20/2025 JUNE GNMA DUE 7/20/25 -----5.80 ---SEI 21-Jul- 25 21-Jul-25 24422EWR 6 I 310 INTEREST EARNED ON DEERE JOHN MTN 4.750% 1/20/28 $1 PV ON 6500000.0000 SHARES DUE 7/20/2025 -----154,375.00 ---SEI 21-Jul- 25 21-Jul-25 06051GGF 0 I 310 INTEREST EARNED ON BANK OF AMERICA MTN 3.824% 1/20/28 $1 PV ON 6275000.0000 SHARES DUE 7/20/2025 -----119,978.00 ---SEI 21-Jul- 25 21-Jul-25 857449AC 6 I 301 RECEIVED ACCRUED INTEREST ON SALE OF STATE STREET BANK 4.594% 11/25/26 -----89,327.78 ---SEI 21-Jul- 25 21-Jul-25 91282CGZ 8 I 300 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 3.500% 4/30/30 ------74,869.57 ---SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 44 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046601 OCSD LONG-TERM PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 21-Jul- 25 17-Jul-25 21-Jul-25 91282CGZ 8 P 10 PURCHASED PAR VALUE OF U S TREASURY NT 3.500% 4/30/30 /CITIGROUP GLOBAL MARKETS INC./9,600,000 PAR VALUE AT 97.73828125 % 9,600,000.000 0 97.73 83 ----9,382,875.00 9,382,875.00 --SEI 21-Jul- 25 18-Jul-25 21-Jul-25 31358DDR 2 P 10 PURCHASED PAR VALUE OF F N M A STRIP 5/15/30 /NMRIUS33 NOMURA SECS INTL NY/7,000,000 PAR VALUE AT 82.153091 % 7,000,000.000 0 82.15 31 ----5,750,716.37 5,750,716.37 --SEI 21-Jul- 25 18-Jul-25 21-Jul-25 857449AC 6 P 20 SOLD PAR VALUE OF STATE STREET BANK 4.594% 11/25/26 /DEUTSCHE BANK SECURITIES, INC./12,500,000 PAR VALUE AT 100.611 % - 12,500,000.00 00 100.6 110 ---12,576,375.00 - 12,500,000.0 0 76,375.00 -SEI 21-Jul- 25 20-Jul-25 21-Jul-25 36225CN 28 080408M P 20 PAID DOWN PAR VALUE OF G N M A I I #080408 4.875% 5/20/30 JUNE GNMA DUE 7/20/25 -222.1200 ----222.12 -219.86 -2.26 SEI 21-Jul- 25 20-Jul-25 21-Jul-25 36225CNM 4 080395M P 20 PAID DOWN PAR VALUE OF G N M A I I #080395 4.875% 4/20/30 JUNE GNMA DUE 7/20/25 -51.2900 ----51.29 -50.82 -0.47 SEI 21-Jul- 25 20-Jul-25 21-Jul-25 36225CAZ 9 080023M P 20 PAID DOWN PAR VALUE OF G N M A I I #080023 4.750% 12/20/26 JUNE GNMA DUE 7/20/25 -84.8000 ----84.80 -86.20 --1.40 SEI 21-Jul- 25 20-Jul-25 21-Jul-25 36225DCB 8 080965M P 20 PAID DOWN PAR VALUE OF G N M A I I #080965 4.625% 7/20/34 JUNE GNMA DUE 7/20/25 -121.2100 ----121.21 -121.13 -0.08 SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 45 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046601 OCSD LONG-TERM PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 21-Jul- 25 20-Jul-25 21-Jul-25 36225CC 20 080088M P 20 PAID DOWN PAR VALUE OF G N M A I I #080088 5.000% 6/20/27 JUNE GNMA DUE 7/20/25 -86.3000 ----86.30 -88.19 --1.89 SEI 21-Jul- 25 21-Jul-25 21-Jul-25 31846V567 FGZXX P 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z - 2,204,659.130 0 ----2,204,659.13 - 2,204,659.13 --SEI Post Date 21-Jul-25 Total ----428,366.04 76,375.00 -0.48 SEI 23-Jul- 25 23-Jul-25 46647PAM 8 I 310 INTEREST EARNED ON JPMORGAN CHASE CO 3.509% 1/23/29 $1 PV ON 7250000.0000 SHARES DUE 7/23/2025 -----127,201.25 ---SEI 23-Jul- 25 23-Jul-25 23-Jul-25 31846V567 FGZXX P 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z 127,201.2500 -----127,201.25 127,201.25 --SEI Post Date 23-Jul-25 Total ----127,201.25 --SEI 24-Jul- 25 24-Jul-25 61744YAP 3 I 310 INTEREST EARNED ON MORGAN STANLEY MTN 3.772% 1/24/29 $1 PV ON 3250000.0000 SHARES DUE 7/24/2025 -----61,295.00 ---SEI 24-Jul- 25 24-Jul-25 46647PEU 6 I 310 INTEREST EARNED ON JPMORGAN CHASE CO 4.915% 1/24/29 $1 PV ON 6375000.0000 SHARES DUE 7/24/2025 -----156,665.63 ---SEI 24-Jul- 25 24-Jul-25 06051GMK 2 I 310 INTEREST EARNED ON BANK OF AMERICA 4.979% 1/24/29 $1 PV ON 3250000.0000 SHARES DUE 7/24/2025 -----80,908.75 ---SEI 24-Jul- 25 24-Jul-25 24-Jul-25 31846V567 FGZXX P 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z 298,869.3800 -----298,869.38 298,869.38 --SEI Post Date 24-Jul-25 Total ----298,869.38 --SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 46 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046601 OCSD LONG-TERM PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 25-Jul- 25 25-Jul-25 05592XAD 2 BVO5428 I 310 INTEREST EARNED ON BMW VEH OWNER TR 5.470% 2/25/28 $1 PV ON 4853.1200 SHARES DUE 7/25/2025 $0.00456/PV ON 1,064,670.55 PV DUE 7/25/25 -----4,853.12 ---SEI 25-Jul- 25 25-Jul-25 3136AJZP 4 I 310 INTEREST EARNED ON F N M A GTD REMIC 1.500% 4/25/29 $1 PV ON 957.8400 SHARES DUE 7/25/2025 $0.00125/PV ON 766,276.20 PV DUE 7/25/25 -----957.84 ---SEI 25-Jul- 25 25-Jul-25 3137FETN 0 FHL0428B I 310 INTEREST EARNED ON F H L M C MLTCL MT 3.350% 1/25/28 $1 PV ON 23561.6600 SHARES DUE 7/25/2025 $0.00279/PV ON 8,440,000.00 PV DUE 7/25/25 -----23,561.66 ---SEI 25-Jul- 25 25-Jul-25 3137HDJJ 0 I 310 INTEREST EARNED ON F H L M C MLTCL MTG 4.803% 5/25/29 $1 PV ON 36022.5000 SHARES DUE 7/25/2025 $0.00400/PV ON 9,000,000.00 PV DUE 7/25/25 -----36,022.50 ---SEI 25-Jul- 25 25-Jul-25 3137HBPD 0 FHL5429 I 310 INTEREST EARNED ON F H L M C MLTCL MTG 5.400% 1/25/29 $1 PV ON 45000.0000 SHARES DUE 7/25/2025 $0.00450/PV ON 10,000,000.00 PV DUE 7/25/25 -----45,000.00 ---SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 47 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046601 OCSD LONG-TERM PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 25-Jul- 25 25-Jul-25 31394JY35 FHL9543 I 310 INTEREST EARNED ON F H L M C MLTCL MT 6.49999% 9/25/43 $1 PV ON 1565.3200 SHARES DUE 7/25/2025 $0.00542/PV ON 288,981.33 PV DUE 7/25/25 -----1,565.32 ---SEI 25-Jul- 25 25-Jul-25 3137HCKV 3 I 310 INTEREST EARNED ON F H L M C MLTCL MTG 5.180% 3/25/29 $1 PV ON 27281.3300 SHARES DUE 7/25/2025 $0.00432/PV ON 6,320,000.00 PV DUE 7/25/25 -----27,281.33 ---SEI 25-Jul- 25 25-Jul-25 31397QRE 0 FNM2841 I 310 INTEREST EARNED ON F N M A GTD REMIC 2.472% 2/25/41 $1 PV ON 239.0600 SHARES DUE 7/25/2025 $0.00425/PV ON 56,253.93 PV DUE 7/25/25 -----239.06 ---SEI 25-Jul- 25 25-Jul-25 3137HB3D 4 FHL5028 I 310 INTEREST EARNED ON F H L M C MLTCL 5.069% 10/25/28 $1 PV ON 45266.1700 SHARES DUE 7/25/2025 $0.00422/PV ON 10,716,000.00 PV DUE 7/25/25 -----45,266.17 ---SEI 25-Jul- 25 25-Jul-25 31406PQY 8 815971A I 310 INTEREST EARNED ON F N M A #815971 5.000% 3/01/35 $1 PV ON 160.4900 SHARES DUE 7/25/2025 JUNE FNMA DUE 7/25/25 -----160.49 ---SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 48 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046601 OCSD LONG-TERM PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 25-Jul- 25 25-Jul-25 31406XWT 5 823358A I 310 INTEREST EARNED ON F N M A #823358 6.503% 2/01/35 $1 PV ON 61.9900 SHARES DUE 7/25/2025 JUNE FNMA DUE 7/25/25 -----61.99 ---SEI 25-Jul- 25 25-Jul-25 31403DJZ 3 745580A I 310 INTEREST EARNED ON F N M A #745580 5.000% 6/01/36 $1 PV ON 122.7200 SHARES DUE 7/25/2025 JUNE FNMA DUE 7/25/25 -----122.72 ---SEI 25-Jul- 25 25-Jul-25 31417YAY 3 MA0022A I 310 INTEREST EARNED ON F N M A #MA0022 4.500% 4/01/29 $1 PV ON 10.3100 SHARES DUE 7/25/2025 JUNE FNMA DUE 7/25/25 -----10.31 ---SEI 25-Jul- 25 25-Jul-25 31410F4V 4 888336A I 310 INTEREST EARNED ON F N M A #888336 5.000% 7/01/36 $1 PV ON 201.7100 SHARES DUE 7/25/2025 JUNE FNMA DUE 7/25/25 -----201.71 ---SEI 25-Jul- 25 25-Jul-25 31376KT 22 357969A I 310 INTEREST EARNED ON F N M A #357969 5.000% 9/01/35 $1 PV ON 124.0200 SHARES DUE 7/25/2025 JUNE FNMA DUE 7/25/25 -----124.02 ---SEI 25-Jul- 25 25-Jul-25 3138EG6F 6 AL0869A I 310 INTEREST EARNED ON F N M A #AL0869 4.500% 6/01/29 $1 PV ON 6.2800 SHARES DUE 7/25/2025 JUNE FNMA DUE 7/25/25 -----6.28 ---SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 49 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046601 OCSD LONG-TERM PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 25-Jul- 25 25-Jul-25 31403GXF 4 748678A I 310 INTEREST EARNED ON F N M A #748678 5.000% 10/01/33 $1 PV ON 1.6700 SHARES DUE 7/25/2025 JUNE FNMA DUE 7/25/25 -----1.67 ---SEI 25-Jul- 25 25-Jul-25 31371NUC 7 257179A I 310 INTEREST EARNED ON F N M A #257179 4.500% 4/01/28 $1 PV ON 6.4400 SHARES DUE 7/25/2025 JUNE FNMA DUE 7/25/25 -----6.44 ---SEI 25-Jul- 25 25-Jul-25 31407BXH 7 826080A I 310 INTEREST EARNED ON F N M A #826080 5.000% 7/01/35 $1 PV ON 23.6400 SHARES DUE 7/25/2025 JUNE FNMA DUE 7/25/25 -----23.64 ---SEI 25-Jul- 25 25-Jul-25 3137FG6X 8 FHL3828B I 310 INTEREST EARNED ON F H L M C MLTCL MT 3.850% 5/25/28 $1 PV ON 23260.4100 SHARES DUE 7/25/2025 $0.00321/PV ON 7,250,000.00 PV DUE 7/25/25 -----23,260.41 ---SEI 25-Jul- 25 25-Jul-25 3137BSRE 5 I 310 INTEREST EARNED ON F H L M C MLTCL MTG 3.120% 9/25/26 $1 PV ON 5720259.0000 SHARES DUE 7/25/2025 -----14,872.67 ---SEI 25-Jul- 25 25-Jul-25 25-Jul-25 05592XAD 2 BVO5428 P 20 PAID DOWN PAR VALUE OF BMW VEH OWNER TR 5.470% 2/25/28 -82,708.1800 ----82,708.18 -82,693.52 -14.66 SEI 25-Jul- 25 25-Jul-25 25-Jul-25 3136AJZP 4 P 20 PAID DOWN PAR VALUE OF F N M A GTD REMIC 1.500% 4/25/29 -25,564.3200 ----25,564.32 -23,354.05 -2,210.27 SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 50 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046601 OCSD LONG-TERM PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 25-Jul- 25 25-Jul-25 25-Jul-25 31397QRE 0 FNM2841 P 20 PAID DOWN PAR VALUE OF F N M A GTD REMIC 2.472% 2/25/41 -568.2800 ----568.28 -568.10 -0.18 SEI 25-Jul- 25 25-Jul-25 25-Jul-25 31394JY35 FHL9543 P 20 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 6.49999% 9/25/43 -8,785.9700 ----8,785.97 -9,950.11 -- 1,164.14 SEI 25-Jul- 25 25-Jul-25 25-Jul-25 3137HDJJ 0 P 20 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 4.803% 5/25/29 -229,110.9300 ----229,110.93 -230,041.69 -930.76 -SEI 25-Jul- 25 25-Jul-25 25-Jul-25 31371NUC 7 257179A P 20 PAID DOWN PAR VALUE OF F N M A #257179 4.500% 4/01/28 JUNE FNMA DUE 7/25/25 -78.9500 ----78.95 -83.50 --4.55 SEI 25-Jul- 25 25-Jul-25 25-Jul-25 31403DJZ 3 745580A P 20 PAID DOWN PAR VALUE OF F N M A #745580 5.000% 6/01/36 JUNE FNMA DUE 7/25/25 -349.8900 ----349.89 -376.13 --26.24 SEI 25-Jul- 25 25-Jul-25 25-Jul-25 31406PQY 8 815971A P 20 PAID DOWN PAR VALUE OF F N M A #815971 5.000% 3/01/35 JUNE FNMA DUE 7/25/25 -2,262.0400 ----2,262.04 -2,431.69 --169.65 SEI 25-Jul- 25 25-Jul-25 25-Jul-25 31417YAY 3 MA0022A P 20 PAID DOWN PAR VALUE OF F N M A #MA0022 4.500% 4/01/29 JUNE FNMA DUE 7/25/25 -110.8500 ----110.85 -117.23 --6.38 SEI 25-Jul- 25 25-Jul-25 25-Jul-25 31403GXF 4 748678A P 20 PAID DOWN PAR VALUE OF F N M A #748678 5.000% 10/01/33 JUNE FNMA DUE 7/25/25 -3.4300 ----3.43 -3.69 --0.26 SEI 25-Jul- 25 25-Jul-25 25-Jul-25 31376KT 22 357969A P 20 PAID DOWN PAR VALUE OF F N M A #357969 5.000% 9/01/35 JUNE FNMA DUE 7/25/25 -226.1100 ----226.11 -243.07 --16.96 SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 51 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046601 OCSD LONG-TERM PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 25-Jul- 25 25-Jul-25 25-Jul-25 31406XWT 5 823358A P 20 PAID DOWN PAR VALUE OF F N M A #823358 6.503% 2/01/35 JUNE FNMA DUE 7/25/25 -125.9200 ----125.92 -124.94 -0.98 SEI 25-Jul- 25 25-Jul-25 25-Jul-25 3138EG6F 6 AL0869A P 20 PAID DOWN PAR VALUE OF F N M A #AL0869 4.500% 6/01/29 JUNE FNMA DUE 7/25/25 -76.0200 ----76.02 -80.40 --4.38 SEI 25-Jul- 25 25-Jul-25 25-Jul-25 31846V567 FGZXX P 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z 535,956.3500 -----535,956.35 535,956.35 --SEI 25-Jul- 25 25-Jul-25 25-Jul-25 31410F4V 4 888336A P 20 PAID DOWN PAR VALUE OF F N M A #888336 5.000% 7/01/36 JUNE FNMA DUE 7/25/25 -421.9300 ----421.93 -453.57 --31.64 SEI 25-Jul- 25 25-Jul-25 25-Jul-25 31407BXH 7 826080A P 20 PAID DOWN PAR VALUE OF F N M A #826080 5.000% 7/01/35 JUNE FNMA DUE 7/25/25 -97.2600 ----97.26 -104.55 --7.29 SEI 25-Jul- 25 25-Jul-25 25-Jul-25 31846V567 FGZXX P 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z 38,133.0800 -----38,133.08 38,133.08 --SEI Post Date 25-Jul-25 Total ----223,463.19 -930.76 794.60 SEI 28-Jul- 25 28-Jul-25 3134HBSX 0 I 300 PAID ACCRUED INTEREST ON PURCHASE OF F H L M C M T N 4.500% 5/23/30 ------50,781.25 ---SEI 28-Jul- 25 28-Jul-25 95040QAH 7 I 300 PAID ACCRUED INTEREST ON PURCHASE OF WELLTOWER INC 4.125% 3/15/29 ------58,596.20 ---SEI 28-Jul- 25 28-Jul-25 59217GER 6 I 301 RECEIVED ACCRUED INTEREST ON SALE OF MET LIFE GLOB MTN 1.875% 1/11/27 -----5,241.67 ---SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 52 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046601 OCSD LONG-TERM PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 28-Jul- 25 25-Jul-25 28-Jul-25 95040QAH 7 P 10 PURCHASED PAR VALUE OF WELLTOWER INC 4.125% 3/15/29 /TD SECURITIES (USA) LLC/3,845,000 PAR VALUE AT 99.045 % 3,845,000.000 0 99.04 50 ----3,808,280.25 3,808,280.25 --SEI 28-Jul- 25 25-Jul-25 28-Jul-25 3134HBSX 0 P 10 PURCHASED PAR VALUE OF F H L M C M T N 4.500% 5/23/30 /WELLS FARGO SECURITIES, LLC/6,250,000 PAR VALUE AT 100 % 6,250,000.000 0 100.0 000 ----6,250,000.00 6,250,000.00 --SEI 28-Jul- 25 25-Jul-25 28-Jul-25 59217GER 6 P 20 SOLD PAR VALUE OF MET LIFE GLOB MTN 1.875% 1/11/27 /TD SECURITIES (USA) LLC/5,920,000 PAR VALUE AT 96.559 % - 5,920,000.000 0 96.55 90 ---5,716,292.80 - 5,913,251.20 -- 196,958. 40 SEI 28-Jul- 25 28-Jul-25 28-Jul-25 31846V567 FGZXX P 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z - 4,446,123.230 0 ----4,446,123.23 - 4,446,123.23 --SEI Post Date 28-Jul-25 Total -----301,094.18 -- 196,958. 40 SEI 29-Jul- 25 22-Jul-25 29-Jul-25 369604BZ 5 P 10 PURCHASED PAR VALUE OF GE AEROSPACE 4.300% 7/29/30 /MORGAN STANLEY & CO. LLC/1,298,000 PAR VALUE AT 99.8 % 1,298,000.000 0 99.80 00 ----1,295,404.00 1,295,404.00 --SEI 29-Jul- 25 29-Jul-25 29-Jul-25 31846V567 FGZXX P 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z - 1,295,404.000 0 ----1,295,404.00 - 1,295,404.00 --SEI Post Date 29-Jul-25 Total -------SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 53 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046601 OCSD LONG-TERM PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System 30-Jul- 25 30-Jul-25 369604BZ 5 I 300 PAID ACCRUED INTEREST ON PURCHASE OF GE AEROSPACE 4.300% 7/29/30 ------155.52 ---SEI 30-Jul- 25 30-Jul-25 912828Z94 I 301 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 1.500% 2/15/30 -----34,185.08 ---SEI 30-Jul- 25 30-Jul-25 45906M5K 3 I 310 INTEREST EARNED ON INTL BK MTN 4.750% 7/30/29 $1 PV ON 6050000.0000 SHARES DUE 7/30/2025 -----287,375.00 ---SEI 30-Jul- 25 29-Jul-25 30-Jul-25 369604BZ 5 P 10 PURCHASED PAR VALUE OF GE AEROSPACE 4.300% 7/29/30 /RBC CAPITAL MARKETS, LLC/1,302,000 PAR VALUE AT 99.775 % 1,302,000.000 0 99.77 50 ----1,299,070.50 1,299,070.50 --SEI 30-Jul- 25 29-Jul-25 30-Jul-25 912828Z94 P 20 SOLD PAR VALUE OF U S TREASURY NT 1.500% 2/15/30 /WELLS FARGO SECURITIES, LLC/5,000,000 PAR VALUE AT 90.1949774 % - 5,000,000.000 0 90.19 50 ---4,509,748.87 - 4,437,516.75 72,232.12 -SEI 30-Jul- 25 29-Jul-25 30-Jul-25 76116EGR 5 RS111530 P 10 PURCHASED PAR VALUE OF RFCP STRIPS 1/15/30 /CITIGROUP GLOBAL MARKETS INC./5,000,000 PAR VALUE AT 83.574 % 5,000,000.000 0 83.57 40 ----4,178,700.00 4,178,700.00 --SEI 30-Jul- 25 30-Jul-25 30-Jul-25 31846V567 FGZXX P 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z 3,532,082.930 0 -----3,532,082.93 3,532,082.93 --SEI 30-Jul- 25 30-Jul-25 30-Jul-25 31846V567 FGZXX P 20 SOLD UNITS OF FIRST AM GOVT OB FD CL Z - 4,178,700.000 0 ----4,178,700.00 - 4,178,700.00 --SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 54 of 56 Multiple Accounts Begin Date : 07/01/2025 End Date : 07/31/2025 Account Information Account Number Account Name 6745046601 OCSD LONG-TERM PORTFOLIO Transactions Post Date Trade Date Settlement Date CUSIP Ticker SEDOL Port P/I Tran Type Explanation Units Price Comm SEC Fee Misc Fee Net Cash Amount Cost Short Term Gain/Loss Long Term Gain Loss Source System Post Date 30-Jul-25 Total ----393,636.68 72,232.12 -SEI 31-Jul- 25 31-Jul-25 91282 CDW8 I 310 INTEREST EARNED ON U S TREASURY NT 1.750% 1/31/29 $1 PV ON 8350000.0000 SHARES DUE 7/31/2025 -----73,062.50 ---SEI 31-Jul- 25 31-Jul-25 91282CGJ 4 I 310 INTEREST EARNED ON U S TREASURY NT 3.500% 1/31/30 $1 PV ON 5425000.0000 SHARES DUE 7/31/2025 -----94,937.50 ---SEI 31-Jul- 25 31-Jul-25 91282CBJ 9 I 310 INTEREST EARNED ON U S TREASURY NT 0.750% 1/31/28 $1 PV ON 20200000.0000 SHARES DUE 7/31/2025 -----75,750.00 ---SEI 31-Jul- 25 31-Jul-25 912828Z78 I 310 INTEREST EARNED ON U S TREASURY NT 1.500% 1/31/27 $1 PV ON 7000000.0000 SHARES DUE 7/31/2025 -----52,500.00 ---SEI 31-Jul- 25 31-Jul-25 91282CCR 0 I 310 INTEREST EARNED ON U S TREASURY NT 1.000% 7/31/28 $1 PV ON 11500000.0000 SHARES DUE 7/31/2025 -----57,500.00 ---SEI 31-Jul- 25 31-Jul-25 31-Jul-25 31846V567 FGZXX P 10 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Z 353,750.0000 -----353,750.00 353,750.00 --SEI Post Date 31-Jul-25 Total ----353,750.00 --SEI Account 6745046601 Total ----- 12,807,922.5 9 311,968.0 1 - 483,711. 67 SEI Account Ending Cash Principal Cash: - 103,509,735.98 Income Cash: 103,509,735.98 Total Cash: - Grand Total ----- 51,730,680.4 606,054.3 9 - 483,711. SEI TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 55 of 56 1 67 TRANSACTIONS - SUMMARY Run Date : 08/04/2025 Page 56 of 56 BOARD OF DIRECTORS Agenda Report Headquarters 18480 Bandilier Circle Fountain Valley, CA 92708 (714) 593-7433 File #:2025-4031 Agenda Date:8/27/2025 Agenda Item No:7. FROM:Robert Thompson, General Manager Originator: Kelly A. Lore, Clerk of the Board SUBJECT: COMMITTEE MEETING MINUTES GENERAL MANAGER'S RECOMMENDATION RECOMMENDATION: Receive and file the following: Minutes of the Steering Committee Meeting held June 25, 2025. 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 ADDITIONAL INFORMATION The minutes of the Committee meetings are approved at their respective Committees and brought forth to the Board of Directors for receive and file only. ATTACHMENT The following attachment(s)may be viewed on-line at the OC San website (www.ocsan.gov)with the complete agenda package: ·Minutes of the Monthly Committee Meetings Orange County Sanitation District Printed on 8/20/2025Page 1 of 1 powered by Legistar™ Orange County Sanitation District Minutes for the STEERING COMMITTEE Wednesday, June 25, 2025 5:00 PM Huntington Beach Room Headquarters 18480 Bandilier Circle Fountain Valley, CA 92708 (714) 593-7433 CALL TO ORDER A regular meeting of the Steering Committee of the Orange County Sanitation District was called to order by Board Chairman Ryan Gallagher on Wednesday, June 25, 2025 at 5:00 p.m. in the Orange County Sanitation District Headquarters. ROLL CALL AND DECLARATION OF QUORUM: Assistant Clerk of the Board Jackie Castro declared a quorum present as follows: PRESENT:Ryan Gallagher, Jon Dumitru, Pat Burns, Glenn Grandis, Christine Marick, Chad Wanke and John Withers ABSENT:None STAFF PRESENT: 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 and Maintenance; Wally Ritchie, Director of Finance; Lan Wiborg, Director of Environmental Services; Jackie Castro, Assistant Clerk of the Board; Mo Abiodun; Marc Brown; Don Cutler; Thys DeVries; Justin Fenton; Tania Moore; Aldwin Ramirez; Kevin Work; and Ruth Zintzun were present in the Huntington Beach Room. OTHERS PRESENT: Scott Smith, General Counsel; Whitney Saraka, Associate Counsel; Laura Drottz Kalty, Special Counsel, Liebert Cassidy Whitmore; and Philip Lem, Special Counsel, Payne & Fears LLP, were present in the Huntington Beach Room. PUBLIC COMMENTS: None. REPORTS: Chair Gallagher and General Manager Rob Thompson did not provide reports. CONSENT CALENDAR: 1.APPROVAL OF MINUTES 2025-4336 Originator: Kelly Lore MOVED, SECONDED, AND DULY CARRIED TO: Page 1 of 6 STEERING COMMITTEE Minutes June 25, 2025 Approve minutes of the Regular meeting of the Steering Committee held May 28, 2025. AYES:Ryan Gallagher, Jon Dumitru, Pat Burns, Glenn Grandis and Chad Wanke NOES:None ABSENT:Christine Marick and John Withers ABSTENTIONS:None 2.FOOD WASTE TIPPING FEE 2025-4354 Originator: Mike Dorman MOVED, SECONDED, AND DULY CARRIED TO: Recommend to the Board of Directors to: Approve a tipping fee of $47 per wet ton of source separated organic food waste to provide to pre-processors for planning purposes. AYES:Ryan Gallagher, Jon Dumitru, Pat Burns, Glenn Grandis and Chad Wanke NOES:None ABSENT:Christine Marick and John Withers ABSTENTIONS:None NON-CONSENT: 3.GENERAL MANAGER’S FY 2024-2025 WORK PLAN YEAR-END REPORT 2025-4283 Originator: Rob Thompson Mr. Thompson provided a brief overview of the General Manager's FY2024-2025 Work Plan Year-End Report. MOVED, SECONDED, AND DULY CARRIED TO: Recommend to the Board of Directors to: Receive and file the General Manager’s FY 2024-2025 Work Plan Year-End Report. AYES:Ryan Gallagher, Jon Dumitru, Pat Burns, Glenn Grandis and Chad Wanke NOES:None ABSENT:Christine Marick and John Withers ABSTENTIONS:None Page 2 of 6 STEERING COMMITTEE Minutes June 25, 2025 4.GENERAL MANAGER’S FY 2025-2026 WORK PLAN 2025-4349 Originator: Rob Thompson Mr. Thompson provided an overview of the General Manager's FY 2025-2026 Work Plan. MOVED, SECONDED, AND DULY CARRIED TO: Recommend to the Board of Directors to: Receive and file the General Manager’s FY 2025-2026 Work Plan. AYES:Ryan Gallagher, Jon Dumitru, Pat Burns, Glenn Grandis and Chad Wanke NOES:None ABSENT:Christine Marick and John Withers ABSTENTIONS:None INFORMATION ITEMS: None. DEPARTMENT HEAD REPORTS: None. Directors Christine Marick and John Withers arrived at the meeting during Closed Session . CLOSED SESSION: CONVENED IN CLOSED SESSION PURSUANT TO GOVERNMENT CODE SECTIONS 54957.6, 54957(b)(1), 54956.9(d)(1) & 54956.8. The Committee convened in closed session at 5:04 p.m. Confidential minutes of the Closed Sessions have been prepared in accordance with the above Government Code Sections and are maintained by the Clerk of the Board in the Official Book of Confidential Minutes of Board and Committee Closed Session meetings. CS-1 CONFERENCE WITH LABOR NEGOTIATORS - GOVERNMENT CODE SECTION 54957.6 2025-4267 CONVENED IN CLOSED SESSION: Page 3 of 6 STEERING COMMITTEE Minutes June 25, 2025 Designated Representatives: General Manager Robert Thompson, Assistant General Manager Lorenzo Tyner, Director of Human Resources Laura Maravilla, and Chief Negotiator Laura Kalty. Employee Organizations: (3) International Union of Operating Engineers, Local 501; Orange County Employees Association; and the Supervisory and Professional Management Group. Unrepresented Employees: (3) Confidential Group, Manager Group, and Executive Managers Group. CS-2 PUBLIC EMPLOYEE PERFORMANCE EVALUATION 54957(b)(1)2025-4218 Originator: Laura Maravilla CONVENED IN CLOSED SESSION: Public Employee Performance Evaluation Number of Employees: 1 ·General Manager CS-3 CONFERENCE WITH LEGAL COUNSEL RE EXISTING LITIGATION - GOVERNMENT CODE SECTION 54956.9(d)(1) 2025-4339 CONVENED IN CLOSED SESSION: Number of Cases: 1 Julia Ha v. Orange County Sanitation District, Orange County Superior Court Case No. 30-2025-01484899-CU-WT-CJC CS-4 CONFERENCE WITH LEGAL COUNSEL RE EXISTING LITIGATION - GOVERNMENT CODE SECTION 54956.9(d)(1) 2025-4340 CONVENED IN CLOSED SESSION: Number of Cases: 1 Joe Lara v. Orange County Sanitation District, Orange County Superior Court Case No. 30-2025-01451615-CU-OE-CJC Page 4 of 6 STEERING COMMITTEE Minutes June 25, 2025 CS-5 CONFERENCE WITH LEGAL COUNSEL RE EXISTING LITIGATION - GOVERNMENT CODE SECTION 54956.9(d)(1) 2025-4341 CONVENED IN CLOSED SESSION: Number of Cases: 1 Danny Letner, Inc. dba Letner Roofing Company v. Orange County Sanitation District, et al, Orange County Superior Court Case No. 30-2025-01484794-CU-OR-CJC CS-6 CONFERENCE WITH REAL PROPERTY NEGOTIATORS - GOVERNMENT CODE SECTION 54956.8 2025-4352 CONVENED IN CLOSED SESSION: Property: 10700 Spencer Street, Fountain Valley, CA - APN No.156-154-07 and 156-163-16. Agency negotiators: General Manager Rob Thompson; Assistant General Manager Lorenzo Tyner; and Director of Finance Wally Ritchie. Negotiating parties: Shabtai Itzhak Tr Ins Tr Under negotiation: Terms of payment RECONVENED IN REGULAR SESSION. The Committee reconvened in regular session at 5:59 p.m. CONSIDERATION OF ACTION, IF ANY, ON MATTERS CONSIDERED IN CLOSED SESSION: General Counsel Scott Smith stated there was no reportable action. OTHER BUSINESS AND COMMUNICATIONS OR SUPPLEMENTAL AGENDA ITEMS, IF ANY: None. BOARD OF DIRECTORS INITIATED ITEMS FOR A FUTURE MEETING: None. ADJOURNMENT: Chair Gallagher declared the meeting adjourned at 5:59 p.m. to the next Regular Steering Committee meeting to be held on Wednesday, July 23, 2025 at 5:00 p.m. Page 5 of 6 STEERING COMMITTEE Minutes June 25, 2025 Submitted by: _____________________ Jackie Castro, CMC Assistant Clerk of the Board Page 6 of 6 STEERING COMMITTEE Agenda Report Headquarters 18480 Bandilier Circle Fountain Valley, CA 92708 (714) 593-7433 File #:2025-4461 Agenda Date:8/27/2025 Agenda Item No:8. FROM:Robert Thompson, General Manager Originator: Wally Ritchie, Director of Finance SUBJECT: BUDGET INCREASE FOR FISCAL YEAR 2024-25 GENERAL MANAGER'S RECOMMENDATION RECOMMENDATION: Approve a budget increase of $20,000,000 for FY 2024-25, for a total budget as follows: FY 2024-25 Net Operating $232,674,493 Self-Insurance - Worker’s Comp.$1,124,029 Self-Insurance - Property & Gen. Liability $4,402,500 Net Capital Improvement Program $243,075,113 Debt/COP Service $61,027,421 Intra-District Joint Equity Purchase/Sale (1)$3,500,000 Total $545,803,556 (1)Cash to/from Revenue Area 14 (RA14) in exchange for capital assets to/from Consolidated Revenue Area 15 (RA15) BACKGROUND In June 2024,the Board of Directors approved the Operating,Capital,Debt Service,and Self- Insurance Budgets for FY 2024-25 and FY 2025-26.Subsequently,the Board of Directors approved a land purchase in September 2024,and a construction claim settlement in December 2024.These actions are capital expenditures and were not included in the original budget.Staff did not request a budget increase at the time of approval of these expenses believing there was sufficient budget capacity.In the final months of the fiscal year,pre-planned and budgeted capital expenses were fully realized,driving the need to request a FY 2024-25 budget increase.However,cashflow remains unaffected due to receiving higher than budgeted revenues, which offset this budget increase. RELEVANT STANDARDS ·Ensure the public’s money is wisely spent ·Produce appropriate financial reporting -Ops &CIP budgets every two years,with annual update Orange County Sanitation District Printed on 8/21/2025Page 1 of 3 powered by Legistar™ File #:2025-4461 Agenda Date:8/27/2025 Agenda Item No:8. PROBLEM The budget authority for FY2024-25 is not adequate to cover the actual expenses for the fiscal year. The budget authority was not increased concurrently with the Board approval of the property purchase or construction claim settlement after budget adoption.Planned operating and capital expenses closely matched budgeted levels for the entire fiscal year,with capital spending picking up in the second half of the year. PROPOSED SOLUTION Approve the proposed budget increase for FY 2024-25. TIMING CONCERNS The budget increase needs to be approved prior to finalizing the audit for FY 2024-25. RAMIFICATIONS OF NOT TAKING ACTION OC San will not have a budget approved at sufficient levels to accommodate the expenses incurred in FY 2024-25. PRIOR COMMITTEE/BOARD ACTIONS December 2024 - OHL USA, Inc. v. Orange County Sanitation District September 2024 - Orange County Sanitation District, a public entity v. Bayside Village Marina, LLC June 2024 -Approved the proposed Operating,Capital,Debt Service,and Self-Insurance Budgets for FY 2024-25 and FY 2025-26 as follows: FY 2024-25 FY 2025-26 Net Operating $232,674,493 $239,114,716 Self-Insurance - Worker’s Comp.1,124,029 1,182,835 Self-Insurance - Property & Gen. Liability 4,402,500 4,767,000 Net Capital Improvement Program 223,075,113 279,436,128 Debt/COP Service 61,027,421 60,431,104 Intra-District Joint Equity Purchase/Sale (1)3,500,000 3,500,000 Total $525,803,556 $588,431,783 (1)Cash to/from Revenue Area 14 (RA14)in exchange for capital assets to/from Consolidated Revenue Area 15 (RA15) Orange County Sanitation District Printed on 8/21/2025Page 2 of 3 powered by Legistar™ File #:2025-4461 Agenda Date:8/27/2025 Agenda Item No:8. ADDITIONAL INFORMATION The table below shows the approved budget and estimated actuals for FY 2024-25, in millions. Approved Budget Estimated Actuals Variance Performance Percentage Capital Budget Approved $223 $222 $(1)100% Land Purchase -$17 $17 - Settlement -$7 $7 - Operating $233 $229 $(4)98% Debt Service $61 $60 $(1)98% Other $8 $8 $(-)100% Total $525 $543 $18 The addition of the two subsequent events totaling $24 million was partially offset by reduction in planned expenditures,resulting in OC San expenditures exceeding the budget by $18 million. However,staff are currently working on finalizing the accounting for FY 2024-25,therefore this request is to increase the prior approved budget by $20 million. Cashflow remains unaffected by the budget increase due to receiving higher than budgeted revenues for FY 2024-25,which offset the request to increase the expenditure budget,detailed in the table below (in millions). Adopted Budget Estimated Actuals Variance Revenues $531 $555 $24 Expenditures 525 543 18 Net Revenues $6 $12 $6 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: N/A Orange County Sanitation District Printed on 8/21/2025Page 3 of 3 powered by Legistar™ STEERING COMMITTEE Agenda Report Headquarters 18480 Bandilier Circle Fountain Valley, CA 92708 (714) 593-7433 File #:2025-4462 Agenda Date:8/27/2025 Agenda Item No:9. FROM:Robert Thompson, General Manager Originator: Laura Maravilla, Director of Human Resources SUBJECT: COMPENSATION AND BENEFITS FOR UNREPRESENTED EMPLOYEE GROUPS - CONFIDENTIAL EXEMPT AND NON-EXEMPT GENERAL MANAGER'S RECOMMENDATION RECOMMENDATION: A. Adopt Resolution No. OC SAN 25-10 titled, “A Resolution of the Board of Directors of the Orange County Sanitation District approving salary and benefit adjustments for unrepresented exempt Confidential Group employees for Fiscal Years 2025-2026, 2026-2027, and 2027- 2028;” B. Adopt Resolution No. OC SAN 25-11 titled, “A Resolution of the Board of Directors of the Orange County Sanitation District approving salary and benefit adjustments for unrepresented non-exempt Confidential Group employees for Fiscal Years 2025-2026, 2026-2027, and 2027- 2028.” BACKGROUND Confidential Group employees assist and act in a confidential capacity to and for persons who formulate,determine,and effectuate management policies with respect to Orange County Sanitation District (OC San)labor relations.They are not represented by a bargaining unit and instead may engage in informal discussions with OC San’s General Manager (or designee)regarding wages, hours, and other terms and conditions of employment. Salaries and benefits for Confidential Group employees historically have aligned with that of exempt employees in the Supervisory and Professional Management Group (SPMG)and non-exempt employees in the Orange County Employees Association (OCEA),respectively,as they are similarly situated based on the nature of the work they perform. In July 2025,the Board of Directors approved the Memoranda of Understanding (MOUs)for Fiscal Years 2025 through 2028 providing salary and benefits changes for employees who are represented by a bargaining group.Historically,benefits for unrepresented employees are proposed for Board approval the month following approval and adoption of MOUs for represented employees. The General Manager is recommending salary increases and corresponding salary range Orange County Sanitation District Printed on 8/21/2025Page 1 of 4 powered by Legistar™ File #:2025-4462 Agenda Date:8/27/2025 Agenda Item No:9. The General Manager is recommending salary increases and corresponding salary range adjustments for Confidential Group employees (exempt and non-exempt)for the next three years as follows:4.5%,4.5%,and 3%.Additionally,the General Manager is recommending vision plan changes increasing the frame/contact lens allowance to $195,safety boot allowance changes to $250 for eligible employees, and other minor changes, summarized below. Changes proposed for Confidential Group Exempt Employees only: ·Deferred Compensation Effective the first full pay period in July 2025,employees covered by OCERS Plans B and U and who participate in the deferred compensation plan,are eligible to receive a matching OC San contribution up to $445 per month. ·One-Time Lump Sum Payment Employees hired or promoted into the group as of the last day of the first full pay period in July 2025 will receive a $1,000 one-time payment.The payment shall not apply to employees hired after the first full pay period in July 2025. ·Administrative Leave Effective the first pay period in July,regular full-time exempt employees shall be granted sixty (60) hours of Administrative Leave. Changes proposed for Confidential Group Non-Exempt Employees only: ·Deferred Compensation: Effective the first full pay period in July 2025,employees covered by OCERS Plans B and U and who participate in the deferred compensation plan,are eligible to receive a matching OC San contribution up to $362 per month. ·Development Pay Increase Education Pay to $25 per pay period for an associate’s degree,and $50 per pay period for an undergraduate degree. Staff proposes salary changes, salary range adjustments, and benefit changes to take effect the first pay period of July 2025, consistent with past Board action. RELEVANT STANDARDS ·Ensure the public’s money is wisely spent ·Offer competitive compensation and benefits ·Cultivate a highly qualified, well-trained, and diverse workforce ·Maintain positive employer-employee relations ·Provide professional growth & development Orange County Sanitation District Printed on 8/21/2025Page 2 of 4 powered by Legistar™ File #:2025-4462 Agenda Date:8/27/2025 Agenda Item No:9. PROBLEM With the adoption of the MOUs between OC San and employees in SPMG and OCEA in July 2025,it is customary to align compensation and benefits for similarly situated unrepresented Confidential Group employees. PROPOSED SOLUTION Adopt Resolution No.OC SAN 25-10,titled,“A Resolution of the Board of Directors of the Orange County Sanitation District approving salary and benefit adjustments for unrepresented exempt Confidential Group employees for Fiscal Years 2025-2026, 2026-2027, and 2027-2028.” Adopt Resolution No.OC SAN 25-11,titled,“A Resolution of the Board of Directors of the Orange County Sanitation District approving salary and benefit adjustments for unrepresented non-exempt Confidential Group employees for Fiscal Years 2025-2026, 2026-2027, and 2027-2028.” TIMING CONCERNS The Board of Directors approved three-year MOUs with SPMG and OCEA at the Board meeting on July 23,2025.Historically,salary and benefit adjustments for similarly situated unrepresented Confidential Group employees are approved the month following approval and adoption of MOUs for represented employees. RAMIFICATIONS OF NOT TAKING ACTION Not taking timely action on salary and benefit adjustments for similarly situated unrepresented employees in the Confidential Group may impact employee morale and retention. PRIOR COMMITTEE/BOARD ACTIONS July 2025 -Approved Resolution Nos.OC SAN 25-06 and 25-08,adopting the MOUs with the OCEA and SPMG bargaining units for Fiscal Years 2025/2026, 2026/2027, and 2027/2028. July 2025 -Staff presented in closed session at the Steering Committee and Board meetings on wages and benefits for unrepresented Confidential Group employees. ADDITIONAL INFORMATION There are currently sixteen (16)exempt level Confidential Group employees at OC San in seven (7) classifications, as follows: Clerk of the Board Assistant Clerk of the Board Human Resources Analyst Human Resources Supervisor Principal Human Resources Analyst Secretary to the General Manager Senior Human Resources Analyst Orange County Sanitation District Printed on 8/21/2025Page 3 of 4 powered by Legistar™ File #:2025-4462 Agenda Date:8/27/2025 Agenda Item No:9. There are currently four (4)non-exempt Confidential Group employees at OC San in two (2) classifications, as follows: Human Resources Technician I Human Resources Technician II CEQA N/A FINANCIAL CONSIDERATIONS The total three-year cost of the proposed salary changes,salary range adjustments,and benefit changes for Confidential Group employees is approximately $986,773. This request complies with authority levels of OC San’s Purchasing Ordinance.This item has been budgeted. ATTACHMENT The following attachment(s)may be viewed on-line at the OC San website (www.ocsan.gov)with the complete agenda package: ·Proposed Resolution No. OC SAN 22-10 (Exempt Confidential Group) ·Proposed Resolution No. OC SAN 22-11 (Non-Exempt Confidential Group) ·Current Salary Schedule - Confidential Group Orange County Sanitation District Printed on 8/21/2025Page 4 of 4 powered by Legistar™ OC SAN 25-10-1 RESOLUTION NO. OC SAN 25-10 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE ORANGE COUNTY SANITATION DISTRICT APPROVING SALARY AND BENEFIT ADJUSTMENTS FOR UNREPRESENTED EXEMPT CONFIDENTIAL GROUP EMPLOYEES FOR FISCAL YEARS 2025/2026, 2026/2027 & 2027/2028 WHEREAS, there are twenty (20) employees in the confidential job classifications at the Orange County Sanitation District ("OC San") who, with authorized access, assist and act in a confidential capacity to and for persons who formulate, determine, and effectuate management policies with respect to labor relations; and WHEREAS, there are sixteen (16) confidential employees holding exempt level classifications; and WHEREAS, exempt level confidential employees are unrepresented and meet directly with the General Manager about terms and conditions of employment; and WHEREAS, the General Manager recently entered into discussions with the exempt level confidential employees, which resulted in agreed upon proposed changes to wages and benefits that align with those agreed upon for represented employees. NOW, THEREFORE, in consideration thereof, the Board of Directors of the Orange County Sanitation District DOES HEREBY RESOLVE, DETERMINE, AND ORDER: 1. That the Board of Directors hereby authorizes and approves the following changes to wages and benefits for exempt level confidential employees that align with similarly situated represented groups, which shall become effective as noted: • Salary and Compensation o Year 1 – 4.5% Salary Increase and corresponding Salary Range Adjustment, retroactive to the first pay period of July 2025. o Year 2 – 4.5% Salary Increase and corresponding Salary Range Adjustment, effective the first pay period of July 2026. o Year 3 – 3.0% Salary Increase and corresponding Salary Range Adjustment, effective the first pay period of July 2027. o One-Time Lump Sum Payment – Employees hired or promoted into the Group as of the last day of the first full pay period in July 2025 will receive a $1,000 one-time payment. The payment shall not apply to employees hired after the first full pay period in July 2025. OC SAN 25-10-2 • Deferred Compensation o Effective the first full pay period in July 2025, employees covered by OCERS Plans B and U and who participate in the deferred compensation plan are eligible to receive up to a $445 per month matching OC San contribution. • Administrative Leave o Effective the first pay period in July, regular full-time employees shall be granted sixty (60) hours of Administrative Leave. • Boot Allowance o Employees working in divisions designated in SOP-102 Personal Protective Equipment (PPE) are eligible to receive a safety boot allowance and/or upon supervisor request shall receive an annual or bi-annual voucher in the amount of $250, as applicable. • Vision Insurance o Increase frame allowance and contact lens allowance to $195, respectively. PASSED AND ADOPTED at a regular meeting of the Board of Directors held August 27, 2025. _____________________________________ Ryan P. Gallagher Board Chairman ATTEST: ___________________________________ Kelly A. Lore, MMC Clerk of the Board OC SAN 25-10-3 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 foregoing Resolution No. OC SAN 25-10 was passed and adopted at a regular meeting of said Board on the 27th of August 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 27th of August 2025. Kelly A. Lore Clerk of the Board of Directors Orange County Sanitation District OC SAN 25-10-4 OC SAN 25-10-5 OC SAN 25-10-6 OC SAN 25-11-1 RESOLUTION NO. OC SAN 25-11 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE ORANGE COUNTY SANITATION DISTRICT APPROVING SALARY AND BENEFIT ADJUSTMENTS FOR UNREPRESENTED NON-EXEMPT CONFIDENTIAL GROUP EMPLOYEES FOR FISCAL YEARS 2025/2026, 2026/2027 & 2027/2028 WHEREAS, there are twenty (20) employees in the confidential job classifications at the Orange County Sanitation District ("OC San") who, with authorized access, assist and act in a confidential capacity to and for persons who formulate, determine, and effectuate management policies with respect to labor relations; and WHEREAS, there are four (4) confidential employees holding a non-exempt classification; and WHEREAS, non-exempt confidential employees are unrepresented and meet directly with the General Manager about terms and conditions of employment; and WHEREAS, the General Manager recently entered into discussions with the non-exempt confidential employees, which resulted in agreed upon proposed changes to wages and benefits that align with those agreed upon for similarly situated represented employees. NOW, THEREFORE, in consideration thereof, the Board of Directors of the Orange County Sanitation District DOES HEREBY RESOLVE, DETERMINE, AND ORDER THE FOLLOWING: 1. That the Board of Directors hereby authorizes and approves the following changes to wages and benefits for non-exempt confidential employees, which shall become effective as noted: • Salary and Compensation o Year 1 – 4.5% Salary Increase and corresponding Salary Range Adjustment, effective the first pay period of July 2025. o Year 2 – 4.5% Salary Increase and corresponding Salary Range Adjustment, effective the first pay period of July 2026. o Year 3 – 3.0% Salary Increase and corresponding Salary Range Adjustment, effective the first pay period of July 2027. • Development Pay o Increase Education Pay to $25 per pay period for an associate’s degree, and $50 per pay period for an undergraduate degree. OC SAN 25-11-2 • Deferred Compensation o Effective the first full pay period in July 2025, employees covered by OCERS Plans B and U and who participate in the deferred compensation plan are eligible to receive up to a $362 per month matching OC San contribution. • Boot Allowance o Employees working in divisions designated in SOP-102 Personal Protective Equipment (PPE) are eligible to receive a safety boot allowance and/or upon supervisor request shall receive an annual or bi-annual voucher in the amount of $250, as applicable. • Vision Insurance o Increase frame allowance and contact lens allowance to $195, respectively. PASSED AND ADOPTED at a regular meeting of the Board of Directors held August 27, 2025. ________________________________ Ryan P. Gallagher Board Chairman ATTEST: _______________________________ Kelly A. Lore, MMC Clerk of the Board OC SAN 25-11-3 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 foregoing Resolution No. OC SAN 25-11 was passed and adopted at a regular meeting of said Board on the 27th of August 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 27th of August 2025. Kelly A. Lore Clerk of the Board of Directors Orange County Sanitation District OC SAN 25-11-4 OC SAN 25-11-5 OC SAN 25-11-6 STEERING COMMITTEE Agenda Report Headquarters 18480 Bandilier Circle Fountain Valley, CA 92708 (714) 593-7433 File #:2025-4463 Agenda Date:8/27/2025 Agenda Item No:10. FROM:Robert Thompson, General Manager Originator: Laura Maravilla, Director of Human Resources SUBJECT: COMPENSATION AND BENEFITS FOR UNREPRESENTED EMPLOYEE GROUPS -EXECUTIVE MANAGEMENT TEAM AND MANAGER GROUP GENERAL MANAGER'S RECOMMENDATION RECOMMENDATION: A. Adopt Resolution No. OC SAN 25-12 titled, “A Resolution of the Board of Directors of the Orange County Sanitation District approving salary and benefit adjustments for unrepresented Executive Management Team employees for Fiscal Years 2025-2026, 2026-2027, and 2027- 2028;” B. Adopt Resolution No. OC SAN 25-13 titled, “A Resolution of the Board of Directors of the Orange County Sanitation District approving salary and benefit adjustments for unrepresented Manager Group employees for Fiscal Years 2025-2026, 2026-2027, and 2027-2028.” BACKGROUND There are seven (7)Executive Management Team (EMT)employees who provide leadership, strategic direction,and department oversight for the Orange County Sanitation District (OC San). There are fifteen (15)Manager Group employees at OC San who oversee staff within a particular division and align performance with the goals of the agency. These employees are not represented by a bargaining unit and instead may engage in informal discussions with OC San’s General Manager (or designee)regarding wages,hours,and other terms and conditions of employment. Salaries and benefits for the EMT and Manager Group historically have aligned with that of employees represented by a bargaining group. In July 2025,the Board of Directors approved the Memoranda of Understanding (MOUs)for Fiscal Years 2025 through 2028 providing salary and benefits changes for employees who are represented by a bargaining group.Historically,benefits for unrepresented employees are proposed for Board approval the month following approval and adoption of MOUs for represented employees. The General Manager is recommending salary increases and corresponding salary range Orange County Sanitation District Printed on 8/21/2025Page 1 of 4 powered by Legistar™ File #:2025-4463 Agenda Date:8/27/2025 Agenda Item No:10. The General Manager is recommending salary increases and corresponding salary range adjustments for EMT and Manager Group employees for the next three years as follows:4.5%,4.5%, and 3%.Additionally,the General Manager is recommending vision plan changes,safety boot allowance changes,administrative leave increase to 60 hours per fiscal year,changes to OC San’s share of monthly medical insurance premiums up to 85%or 95%,depending on plan/tier;and changes to 457(b) deferred compensation contributions as follows: ·Executive Management Team employees who participate in the deferred compensation plan will receive a $1,000 per month matching OC San contribution. ·Manager Group employees who participate in the deferred compensation plan will receive a $750 per month matching OC San contribution. Staff proposes salary changes,salary range adjustments,and benefit changes to take effect the first pay period of July 2025, consistent with past Board action. RELEVANT STANDARDS ·Ensure the public’s money is wisely spent ·Offer competitive compensation and benefits ·Cultivate a highly qualified, well-trained, and diverse workforce ·Maintain positive employer-employee relations ·Provide professional growth & development PROBLEM With the adoption of the Memoranda of Understanding (MOUs)between OC San and all represented groups,it is customary to align compensation and benefits for unrepresented employees in the Executive Management Team and Manager Group. PROPOSED SOLUTION Adopt Resolution No.OC SAN 25-12 titled,“A Resolution of the Board of Directors of the Orange County Sanitation District approving salary and benefit adjustments for unrepresented Executive Management Team employees for Fiscal Years 2025-2026, 2026-2027, and 2027-2028.” Adopt Resolution No.OC SAN 25-13 titled,“A Resolution of the Board of Directors of the Orange County Sanitation District approving salary and benefit adjustments for unrepresented Manager Group employees for Fiscal Years 2025-2026, 2026-2027, and 2027-2028.” TIMING CONCERNS The Board of Directors approved three-year MOUs with all represented groups at the Board meeting on July 23,2025.Historically,salary and benefit adjustments for unrepresented employees are approved the month following adoption and approval of MOUs. Orange County Sanitation District Printed on 8/21/2025Page 2 of 4 powered by Legistar™ File #:2025-4463 Agenda Date:8/27/2025 Agenda Item No:10. RAMIFICATIONS OF NOT TAKING ACTION Not taking timely and similar action on salary and benefit adjustments for unrepresented employees in the Executive Management Team and Manager Group may impact employee morale and retention. PRIOR COMMITTEE/BOARD ACTIONS July 2025 -Approved Resolution Nos.OC SAN 25-06,25-07,and 25-08,adopting the MOUs with the SPMG,Local 501,and OCEA bargaining units for Fiscal Years 2025/2026,2026/2027,and 2027/2028. July 2025 -Staff presented in closed session at the Steering Committee and Board meetings on wages and benefits for unrepresented EMT and Manager Group employees. ADDITIONAL INFORMATION EMT employees are in the following job classifications: ·Assistant General Manager ·Director of Communications ·Director of Engineering ·Director of Environmental Services ·Director of Finance ·Director of Human Resources ·Director of Operations & Maintenance Manager Group employees are in the following job classifications: ·Engineering Manager ·Environmental Protection Manager ·Finance Manager ·Human Resources Manager ·Information Technology Manager ·Maintenance Manager ·Operations Manager ·Purchasing & Contracts Manager ·Safety & Health Manager CEQA N/A FINANCIAL CONSIDERATIONS The total cost over the three (3) year term for the EMT and Manager Groups is $2,110,858. Orange County Sanitation District Printed on 8/21/2025Page 3 of 4 powered by Legistar™ File #:2025-4463 Agenda Date:8/27/2025 Agenda Item No:10. This request complies with authority levels of OC San’s Purchasing Ordinance.This item has been budgeted. ATTACHMENT The following attachment(s)may be viewed on-line at the OC San website (www.ocsan.gov)with the complete agenda package: ·Proposed Resolution No. OC SAN 25-12 EMT ·Proposed Resolution No. OC SAN 25-13 Manager Group Orange County Sanitation District Printed on 8/21/2025Page 4 of 4 powered by Legistar™ OC SAN 25-12 1 RESOLUTION NO. OC SAN 25-12 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE ORANGE COUNTY SANITATION DISTRICT APPROVING SALARY AND BENEFIT ADJUSTMENTS FOR UNREPRESENTED EXECUTIVE MANAGEMENT TEAM EMPLOYEES FOR FISCAL YEAR 2025/2026, FISCAL YEAR 2026/2027, AND FISCAL YEAR 2027/2028 WHEREAS, there are seven (7) Executive Management Team employees at the Orange County Sanitation District (“OC SAN”) who provide executive leadership, strategic direction, and department oversight for OC SAN; and WHEREAS, Executive Management Team employees serve in at-will employment status, which may be terminated at any time by either the General Manager or an executive management team employee with or without cause with no liability; and WHEREAS, the General Manager entered into discussions with Executive Management Team employees, which resulted in agreed upon proposed salary range adjustments; and WHEREAS, through those discussions, the parties agreed that the salary changes would take effect retroactively to the first pay period in July 2025 and the start of the new fiscal year in alignment with the other employee unit increases. NOW, THEREFORE, the Board of Directors of the Orange County Sanitation District, DOES HEREBY RESOLVE, DETERMINE, AND ORDER: That the Board of Directors hereby authorizes and approves the following changes to salaries and benefits for Executive Management Team employees, which shall become effective the first pay period of July 2025: • Salary Adjustments and Compensation as set forth below: o Year 1 – 4.5% Salary Increase and corresponding Salary Range Adjustment, effective the first pay period of July 2025. o Year 2 – 4.5% Salary Increase and corresponding Salary Range Adjustment, effective the first pay period of July 2026. o Year 3 – 3.0% Salary Increase and corresponding Salary Range Adjustment, effective the first pay period of July 2027. • Deferred Compensation o Effective the first full pay period in July 2025, employees who participate in the deferred compensation plan will receive a $1,000 per month matching OC San contribution. OC SAN 25-12 2 • Administrative Leave o Effective the first pay period in July 2025, regular full-time employees shall be granted sixty (60) hours of Administrative Leave. • Boot Allowance o Group members working in divisions designated in SOP-102 Personal Protective Equipment (PPE) are eligible to receive a safety boot allowance and/or upon supervisor request shall receive an annual or bi-annual voucher in the amount of $250, as applicable. • Vision Insurance o Increase frame allowance and contact lens allowance to $195, respectively. • Medical Insurance Premium (Cost Sharing) o Additional 5% OC San pickup (total of 85% or 95%, depending on plan/tier). That the General Manager, or his designee, is authorized to implement the changes to salary and benefits approved herein. PASSED AND ADOPTED at a regular meeting of the Board of Directors held August 27, 2025. ________________________________ Ryan Gallagher Board Chairman ATTEST: _______________________________ Kelly A. Lore, MMC Clerk of the Board OC SAN 25-12 3 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 foregoing Resolution No. OC SAN 25-12 was passed and adopted at a regular meeting of said Board on the 27th of August 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 27th of August 2025. Kelly A. Lore, MMC Clerk of the Board of Directors Orange County Sanitation District OC SAN 25-12 4 OC SAN 25-12 5 OC SAN 25-12 6 OC SAN 25-12 7 OC SAN 25-13-1 RESOLUTION NO. OC SAN 25-13 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE ORANGE COUNTY SANITATION DISTRICT APPROVING SALARY AND BENEFIT ADJUSTMENTS FOR UNREPRESENTED MANAGER GROUP EMPLOYEES FOR FISCAL YEAR 2025/2026, FISCAL YEAR 2026/2027, AND FISCAL YEAR 2027/2028 WHEREAS, there are fifteen (15) employees in the Manager Group job classifications at the Orange County Sanitation District (“OC San”) who serve as organizational leaders and oversee staff within particular divisions and/or workgroups to align performance outcomes with the strategic goals of the agency; and WHEREAS, Manager Group employees are unrepresented and meet directly with the General Manager about terms and conditions of employment; and WHEREAS, in 2022 the Board authorized the General Manager to administer the Board approved Manager Group pay plan through a pay for performance system with pay range steps; and WHEREAS, the General Manager entered into discussions with the Manager Group employees, which resulted in agreed upon proposed salary range adjustments, and minor benefit adjustments; and WHEREAS, through those discussions, the parties agreed that the salary changes would take effect the first pay period in July 2025 and the start of the new fiscal year in alignment with the other employee unit increases. NOW, THEREFORE, the Board of Directors of the Orange County Sanitation District DOES HEREBY RESOLVE, DETERMINE, AND ORDER: That the Board of Directors hereby authorizes and approves the following changes to salaries and benefits for Manager Group employees, which shall become effective the first pay period of July 2025: • Salary Adjustments and Compensation as set forth below: o Year 1 – 4.5% Salary Increase and corresponding Salary Range Adjustment, effective the first pay period of July 2025. o Year 2 – 4.5% Salary Increase and corresponding Salary Range Adjustment, effective the first pay period of July 2026. o Year 3 – 3.0% Salary Increase and corresponding Salary Range Adjustment, effective the first pay period of July 2027. OC SAN 25-13-2 • Deferred Compensation o Effective the first full pay period in July 2025, employees who participate in the deferred compensation plan will receive a $750 per month matching OC San contribution. • Administrative Leave o Effective the first pay period in July 2025, regular full-time employees shall be granted sixty (60) hours of Administrative Leave. • Boot Allowance o Group members working in divisions designated in SOP-102 Personal Protective Equipment (PPE) are eligible to receive a safety boot allowance and/or upon supervisor request shall receive an annual or bi-annual voucher in the amount of $250, as applicable. • Vision Insurance o Increase frame allowance and contact lens allowance to $195, respectively. • Medical Insurance Premium (Cost Sharing) o Additional 5% OC San pickup (total of 85% or 95%, depending on plan/tier). That the General Manager, or his designee, is authorized to implement the changes to salary and benefits approved herein. PASSED AND ADOPTED at a regular meeting of the Board of Directors held August 27, 2025. ________________________________ Ryan P. Gallagher Board Chairman ATTEST: _______________________________ Kelly A. Lore, MMC Clerk of the Board OC SAN 25-13-3 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 foregoing Resolution No. OC SAN 25-13 was passed and adopted at a regular meeting of said Board on the 27th of August 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 27th of August 2025. Kelly A. Lore, MMC Clerk of the Board of Directors Orange County Sanitation District OC SAN 25-13-4 OC SAN 25-13-5 STEERING COMMITTEE Agenda Report Headquarters 18480 Bandilier Circle Fountain Valley, CA 92708 (714) 593-7433 File #:2025-4464 Agenda Date:8/27/2025 Agenda Item No:11. FROM:Ryan P. Gallagher, Board Chairman SUBJECT: GENERAL MANAGER’S COMPENSATION AND BENEFITS BOARD CHAIR’S RECOMMENDATION RECOMMENDATION: Adopt Resolution No.OC SAN 25-14 titled:“A Resolution of the Board of Directors of the Orange County Sanitation District approving salary and benefit adjustments for the General Manager for Fiscal Year 2025/2026.”The changes consist of a salary increase and corresponding salary range adjustment of 4.5%,effective in the first pay period of July 2025,and changes to a leave bank,457 (b) contribution and mileage reimbursement. BACKGROUND The General Manager of the Orange County Sanitation District (OC San)is employed on an At-Will basis and serves at the pleasure of the Board of Directors. According to Section 6 of the General Manager’s At-Will Employment Agreement,“OC San’s Steering Committee shall meet with the General Manager in August of each year during the term of this Agreement to review and evaluate his performance over the prior year.”As part of the process,the Steering Committee also reviews the General Manager’s compensation and benefits provided and makes its recommendation(s)to the Board concerning any adjustments to be effective in July of the year of the review. The Steering Committee reviewed the General Manager’s job performance for Fiscal Year 2024/2025 in closed session in June and July 2025 and recommends that the Board approve the proposed salary increase and benefit adjustments.The proposed salary increase,and benefit adjustments will provide a total compensation package for the General Manager that is both competitive and designed to support retention. RELEVANT STANDARDS ·Offer competitive compensation and benefits ·Maintain positive employer-employee relations ·Cultivate a highly qualified, well-trained, and diverse workforce ·Comply with OC San policy (Policy 6.1 Appraisal of Performance)and the General Manager’sOrange County Sanitation District Printed on 8/21/2025Page 1 of 4 powered by Legistar™ File #:2025-4464 Agenda Date:8/27/2025 Agenda Item No:11. ·Comply with OC San policy (Policy 6.1 Appraisal of Performance)and the General Manager’s At-Will Employment Agreement PROBLEM Board-approved Fiscal Year 2025/2026 salary increases for OC San’s represented employees took effect in July 2025.Proposed salary increases for Executive Management Team and Manager Group employees also are under consideration.The General Manager’s salary is currently 13.57%above his highest paid direct report.The proposed salary increase would support maintaining this differential to avoid salary compaction. PROPOSED SOLUTION Approve the proposed salary and benefit adjustments for the General Manager for Fiscal Year 2025/2026 through Resolution No. OC SAN 25-14. TIMING CONCERNS The Steering Committee concluded the annual review and evaluation of the General Manager’s performance for FY 2024/2025 in July 2025 and historically approves any changes to salary and/or benefits in the month following completion of the evaluation process. RAMIFICATIONS OF NOT TAKING ACTION Not taking action as proposed may result in a missed opportunity to recognize good performance and support retention of highly skilled and experienced staff. PRIOR COMMITTEE/BOARD ACTIONS July 2025 -Board of Directors reviewed the General Manager's performance evaluation in closed session. June &July 2025 -Steering Committee reviewed the General Manager’s performance evaluation in closed session. August 2024 - Board of Directors adopted Resolution No. OC SAN 24-10, approving a salary increase and salary range adjustment for the General Manager for Fiscal Year 2024/2025. ADDITIONAL INFORMATION The Steering Committee is recommending minor benefit changes for the General Manager that include an increase in the OC San-paid 457(b)annual contribution from $11,000 to $12,000,an increase in Administrative Leave from 40 hours to 60 hours per fiscal year,and mileage reimbursement for business-related trips in a personal vehicle in excess of seventy five (75)miles one-way. As a matter of reference,OC San’s accomplishments during the past year,under the direction of the Orange County Sanitation District Printed on 8/21/2025Page 2 of 4 powered by Legistar™ File #:2025-4464 Agenda Date:8/27/2025 Agenda Item No:11. As a matter of reference,OC San’s accomplishments during the past year,under the direction of the General Manager, include the following: ·Selected an Owner Advisor for Progressive Design-Build by March 31,2025.Progressive Design-Build contract templates were created and used for Ocean Outfalls Rehabilitation Project. ·Hired a consultant to review Engineering’s earned value processes for project reporting and compared it with industry best practices. ·Secured legal and technical resources for 2026 NPDES permit renewal. ·Conducted regional sanitary sewer spill training for the collection system. ·Selected a consultant for the Plant No.2 Process Facilities Seismic Resiliency Study and conducted the kickoff meeting on November 14, 2024. ·Received the draft Urban Runoff Study identifying opportunities within Orange County Water District (OCWD),County of Orange,and OC San’s service area for additional dry weather urban runoff. ·Updated pretreatment/source control enforcement response plan in alignment with State of California’s 2024 water quality enforcement guidance document for legal review by June 30, 2025. ·Expanded OC San’s Pretreatment Honor Roll program to include wastehaulers. ·Finalized Memorandum of Understanding (MOU)with Orange County Waste and Recycling by December 31, 2024. Agreed on deal points for a cooperative agreement. ·Evaluated the initial feasibility of biosolids deep well injection.Evaluated the hydrogeological feasibility of Plant No.1,performed a general feasibility of Plant No.2,issued an RFI to potential deep well injection design-build-operate vendors and evaluated responses,and reviewed permitting requirements. ·Developed a siphon cleaning program which will be implemented over the next several years. ·Created development plans for each employee with associated training plans by June 30, 2025. ·Awarded a Purchase Order Agreement to ECS Imaging,Inc.for work with Environmental Services on Phase III Laserfiche to be completed by June 30, 2025. ·Completed labor agreements for all represented employee groups by June 30, 2025. ·Applied for VPP certification for Plant No. 2. ·Conducted an employee engagement survey to gather feedback on workplace environment satisfaction,communication effectiveness,recognition programs,and professional development opportunities.Utilized survey results to identify areas for improvement and developed action plans aimed at enhancing employee engagement and satisfaction levels. CEQA N/A FINANCIAL CONSIDERATIONS The annual cost of the proposed salary and benefit changes is approximately $22,222. The funds for the additional compensation are included in OC San’s operational budget. Orange County Sanitation District Printed on 8/21/2025Page 3 of 4 powered by Legistar™ File #:2025-4464 Agenda Date:8/27/2025 Agenda Item No:11. ATTACHMENT The following attachment(s)may be viewed on-line at the OC San website (www.ocsan.gov)with the complete agenda package: ·Proposed Resolution No. OC SAN 25-14 ·General Manager Salary Schedules (Current & Proposed) ·At-Will Employment Agreement, Robert C. Thompson (eff. 7/1/25) Orange County Sanitation District Printed on 8/21/2025Page 4 of 4 powered by Legistar™ OC SAN 25-14-1 RESOLUTION NO. OC SAN 25-14 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE ORANGE COUNTY SANITATION DISTRICT APPROVING SALARY AND BENEFIT ADJUSTMENTS FOR THE GENERAL MANAGER FOR FISCAL YEAR 2025/2026 WHEREAS, the General Manager provides organizational leadership, strategic direction, and agency oversight for Orange County Sanitation District (OC San); and WHEREAS, the General Manager serves in an at-will employment capacity, which may be terminated at any time by OC San’s Board of Directors with or without cause; and WHEREAS, it is OC San’s philosophy to compensate employee classifications competitively, which currently can be achieved through alignment with the salary market; and WHEREAS, the July 1, 2024, At-Will Agreement with the General Manager provides that, “OC San’s Steering Committee shall meet with General Manager in August of each year during the term of this Agreement to review and evaluate his performance over the prior year. The Steering Committee shall make its recommendation(s) to the Board concerning adjustment to the compensation and/or benefits paid or provided to General Manager, to be effective in July of the year of review. After consideration of the recommendation(s) of the Steering Committee, the Board shall determine and approve the compensation, including benefits, payable to General Manager, which generally becomes effective July of the fiscal year of the review”; and WHEREAS, the Steering Committee commenced its review of the General Manager’s performance in June 2025, finalized its review and made its recommendation to the Board on August 27, 2025. NOW, THEREFORE, the Board of Directors of the Orange County Sanitation District, DOES HEREBY RESOLVE, DETERMINE, AND ORDER: 1. That the At-Will Agreement with the General Manager (Attached hereto as Exhibit 1) setting forth the terms and conditions of his employment, including changes consisting of a 4.5% salary increase and corresponding salary range adjustment and benefit changes as determined by the Board of Directors, is hereby approved to be effective retroactively to the first pay period of July 2025; 2. Increase the OC San-paid 457(b) deferred compensation contribution to an amount of $12,000 annually, allocated semimonthly; 3. Increase Administrative Leave to 60 hours annually; 4. Provide extended trip mileage reimbursement for business-related trips in a personal vehicle in excess of seventy-five (75) miles one-way; 5. That the Board Chairperson, or their designee, is authorized to implement the changes to salary and benefit items approved herein. OC SAN 25-14-2 PASSED AND ADOPTED at a regular meeting of the Board of Directors held August 27, 2025. ________________________________ Ryan P. Gallagher Board Chairman ATTEST: _______________________________ Kelly A. Lore, MMC Clerk of the Board OC SAN 25-14-3 STATE OF CALIFORNIA ) ) ss COUNTY OF ORANGE ) I, Kelly A. Lore, Clerk of the Board of Directors of the Orange County Sanitation District, do hereby certify that the foregoing Resolution No. OC SAN 25-14 was passed and adopted at a regular meeting of said Board on the 27th of August 2025, by the following vote, to wit: AYES: NOES: ABSTENTIONS: ABSENT: IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of Orange County Sanitation District this 27th of August 2025. Kelly A. Lore, MMC Clerk of the Board of Directors Orange County Sanitation District General Manager Salary Schedules Orange County Sanitation District Classification and Compensation Plan Pay Grade Step 1 Step 2 Step 3 Step 4 Step 5 EM37 Annual 325,374$ 342,035$ 359,528$ 377,915$ 397,218$ Monthly 27,115$ 28,503$ 29,961$ 31,493$ 33,101$ Hourly 156.43$ 164.44$ 172.85$ 181.69$ 190.97$ Pay Grade Step 1 Step 2 Step 3 Step 4 Step 5 EM37 Annual 340,018$ 357,427$ 375,710$ 394,930$ 415,085$ Monthly 28,335$ 29,786$ 31,309$ 32,911$ 34,590$ Hourly 163.47$ 171.84$ 180.63$ 189.87$ 199.56$ GENERAL MANAGER, FY 2024-25 (Current) GENERAL MANAGER, FY 2025-26 (Proposed) 1 AT-WILL EMPLOYMENT AGREEMENT Robert C. Thompson General Manager ORANGE COUNTY SANITATION DISTRICT THIS AT- WILL EMPLOYMENT AGREEMENT ("Agreement") is entered into, to be effective the 1st day of July, 2025, by and between: ORANGE COUNTY SANITATION DISTRICT, hereinafter referred to as "OC San"; AND ROBERT C. THOMPSON, sometimes hereinafter referred to as "General Manager" or “Mr. Thompson”; collectively referred to herein as (“the Parties”) RECITALS WHEREAS, OC San desires to continue to employ Robert C. Thompson, as General Manager of OC San, pursuant to the terms and conditions as set forth in this Agreement; and WHEREAS, Mr. Thompson, by virtue of his education, training and experience, is fully qualified to fill the position of General Manager and desires to serve OC San as its General Manager, pursuant to the terms and conditions of this Agreement; and WHEREAS, per Resolution No. OC SAN 25-__ adopted on August 27, 2025, OC San’s Board of Directors has approved and authorized the Board Chair to execute this Agreement to include a base building salary increase of 4.5% of his current salary and adjustments to benefits commensurate with those provided for other members of OC San’s executive management team. 2 WHEREAS, at the beginning of negotiations of a new Agreement, the parties agreed that any salary changes agreed to would take effect retroactively to the first pay period of July 2025, which is the first pay period in the current fiscal year. NOW, THEREFORE, the Parties hereto agree as follows: Section 1: OC San hereby continues to employ Mr. Thompson to serve as General Manager of the Orange County Sanitation District, continuing on the effective date hereof, and continuing until termination by either Party, as provided in this Agreement. In that capacity, Mr. Thompson agrees to perform the functions and duties of General Manager, the administrative head of OC San, as prescribed by the laws of the State of California, and by the rules, regulations, decisions, and directions of the Board of Directors of OC San (hereinafter referred to as "Board"). The General Manager's duties may involve expenditures of time in excess of the regularly established workday or in excess of a forty-hour work week and may also include time outside normal office hours (including attendance at Board and Committee meetings). General Manager is classified as an exempt employee under applicable California and federal wage and hour laws and shall not be entitled to any additional compensation for hours worked in excess of forty in a work week. Section 2: Mr. Thompson shall be employed in an "at-will" capacity serving at the sole pleasure of the Board. This means that either party to this Agreement may terminate the Agreement at any time for any reason with or without cause, and without hearing, upon 30 days' notice to the other party. Mr. Thompson is advised and acknowledges that he has none of the termination rights of a Regular employee of OC San. Except as expressly provided herein, and as a condition of employment, Mr. Thompson knowingly, willingly and voluntarily gives up, waives, and disclaims any and all rights he may have, express or implied, to any notice and/or hearing before or after termination, and/or to any continued employment with OC San after termination. As an "at-will" employee, Mr. Thompson understands that he may be subject to termination with or without cause at the sole discretion of the Board, notwithstanding that the other provisions of OC San’s Personnel Policies and Procedures Manual (hereinafter referred to as "Manual") apply to Mr. Thompson. If OC San terminates employment without cause, Mr. Thompson shall be given a thirty (30) day Notice of Termination and severance pay in an amount equal to six (6) months of his then current annual base salary upon Mr. Thompson’s execution of a valid written release of legal claims and expiration of any legally required revocation period. 3 If OC San terminates this Agreement (thereby terminating Mr. Thompson’s employment) without cause, and Mr. Thompson executes a valid written release of legal claims, the severance pay is considered a cash settlement related to the termination of Mr. Thompson and waiver of legal claims and shall be fully reimbursed to OC San by Mr. Thompson if Mr. Thompson is convicted of a crime involving an abuse of his office or position. Abuse of office or position shall have the meaning set forth in Government Code 53243.4, as may be amended, of either (1) an abuse of public authority, including, but not limited to, waste, fraud and violation of the law under color of authority, or (2) a crime against public justice, including, but, not limited to, a crime described in Title 7 (commencing with Section 92 of Part 1 of the Penal Code). Mr. Thompson shall reimburse such severance pay to OC San no later than six (6) months after such conviction. If Mr. Thompson terminates his employment with 30 days' notice, the Board shall have the right to accept his resignation effective the date notice is given. Such decision to accept his resignation earlier shall not be considered a termination without cause and shall not entitle Mr. Thompson to receive the severance pay noted above. Section 3: The term of this Agreement shall commence on the effective date above and continue for an indefinite duration, until terminated by either Party pursuant to Section 2 above, or unless terminated or amended as provided herein. Section 4: As compensation for the services to be performed hereunder, upon the effective date of this Agreement, OC San agrees to pay General Manager an annual base salary for services rendered of four hundred and two thousand, five hundred sixty three dollars and twenty cents ($402,563.20), subject to all applicable deductions and withholdings of any and all sums required by then current state, federal or local law, along with deductions of applicable sums the General Manager is obligated to pay because of participation in plans and programs described in this Agreement, and paid biweekly in accordance with OC San’s established accounting and payroll practices at the same time and in the same manner as other employees of OC San. No increase in salary may exceed the compensation permitted by the applicable salary range for the classification established by duly adopted Resolution of the Board. Section 5: For the period of this Agreement, OC San shall provide Mr. Thompson with a fixed benefit package that includes the following: • Personal Leave – accrued based on years of service for all paid hours, including hours actually worked and hours in a paid-leave payroll status, on a biweekly basis in accordance with the Manual. Personal leave accruals shall not exceed 4 four hundred forty (440) hours as of December 31 of each year. Any hours in excess of said limit, will be paid to Mr. Thompson in January in an amount equal to the hourly rate of compensation. • Administrative Leave – 60 hours per fiscal year, granted and not eligible for annual cash out. • Investment Incentive Salary (llS) – 6% of base salary applied on a biweekly fiscal year basis, and a flat amount of one thousand two hundred fifty dollars ($1,250) annually. • Deferred Compensation – OC San-paid annual allocation of $12,000 allocated on a semimonthly calendar year basis. • Car Allowance – OC San-paid annual allocation of $8,400 issued on a semimonthly basis. • Extended Trip Mileage Reimbursement – Mileage reimbursement for business-related trips in excess of seventy five (75) miles one-way driven in Thompson’s personal vehicle. • Medical Allowance – OC San-paid annual allocation of six thousand dollars ($6,000), with any funds not used toward employee portions of insurance premiums to be returned to the employee in a mutually agreeable manner (such as flexible spending account contributions or cash payment). Mr. Thompson’s benefit package also shall include benefits consistent with the Manual for: holiday pay; medical, dental, vision and life insurance at three times base salary; long-term and short-term disability insurance; and employee assistance program. Additionally, Mr. Thompson’s benefit package shall include executive disability insurance benefits, consistent with those provided to OC San managers. These benefits shall remain in full force and effect unless and until replaced by an amendment to this Agreement, signed by Mr. Thompson and approved by the Board, which amendment shall include the effective date thereof. Section 6: OC San’s Steering Committee shall meet with General Manager in August of each year during the term of this Agreement to review and evaluate his performance over the prior year. The Steering Committee shall make its recommendation(s) to the Board concerning adjustment to the compensation and/or benefits paid or provided to General Manager, to be effective in July of the year of review. After consideration of the recommendation(s) of the Steering Committee, the Board shall determine and approve the compensation, including benefits, payable to General Manager, which generally becomes effective July of the fiscal year of the review. Failure of OC San to review and evaluate the performance of the General Manager pursuant to this section 5 shall not affect the right of OC San to terminate the General Manager's employment and shall not be considered a breach of this Agreement. Section 7: Mr. Thompson shall be a Participant Member in the Orange County Employees Retirement System ("OCERS"). OC San shall pay the required employer's contribution of Mr. Thompson’s required employee contribution rate for membership in OCERS pension Plan H which includes full payment of Employer Paid Member Contribution (“EPMC”). Section 8: OC San shall reimburse General Manager for all expenses paid by him and incurred for non-personal, job-related OC San business that are reasonably necessary to the General Manager's service to OC San and are not specifically provided for herein. OC San agrees to either pay such expenses in advance or to reimburse the expenses, so long as the expenses are incurred and submitted according to the criteria established by OC San’s budget and/or normal expense reimbursement procedures pursuant to applicable policy Resolutions. To be eligible for reimbursement, all expenses must be supported by documentation meeting OC San’s policies and requirements and must be submitted within time limits established by OC San. Such reimbursement shall not be considered a benefit. Section 9: During the period of this Agreement, it is agreed that General Manager shall devote his fulltime, skills, labor and attention to said employment. At no time may General Manager undertake outside activities consisting of consultant work, speaking engagements, writing, lecturing, or other similar professional activities for money or other consideration without prior approval of OC San’s Steering Committee. However, the expenditure of reasonable amount of time for educational, charitable, or professional activities shall not be deemed a breach of this Agreement if those activities do not conflict or materially interfere with the services required under this Agreement and shall not require the prior written consent of the Steering Committee. This Agreement shall not be interpreted to prohibit General Manager from making passive personal investments or conducting private business affairs, provided those activities are not deemed to be a conflict of interest by state law nor do they conflict or materially interfere with the services required under this Agreement. Nothing in this At-Will Employment Agreement shall be construed to prevent General Manager from engaging in lawful conduct outside of working hours that does not materially interfere with General Manager’s employment. Section 10: The Board has the sole discretion to determine whether OC San shall pay General Manager pending an investigation into any alleged misconduct by General Manager. In the event that OC San’s Board determines, in its sole discretion, that it is in the best interest of OC San 6 for General Manager to be placed on paid administrative leave pending such an investigation, General Manager shall fully reimburse any salary provided for that purpose if the misconduct for which the General Manager was under investigation results in the General Manager being convicted of a crime involving an abuse of his office or position as defined in Section 2 of this Agreement. General Manager shall reimburse such salary to OC San no later than six months after such conviction. Section 11: In the event that OC San provides funds for the legal criminal defense of General Manager, General Manager shall fully reimburse said funds to OC San if the General Manager is convicted of a crime involving an abuse of his/her office or position as defined in Section 2 of this Agreement. General Manager shall reimburse such criminal legal defense fees to OC San no later than six months after such conviction. Section 12: Other employment benefits for General Manager not specifically provided for in this At-Will Employment Agreement are set out in the Manual. Section 13: This Agreement supersedes any and all other prior agreements, either oral or in writing, between the Parties hereto with respect to the employment of Mr. Thompson by OC San and contains all of the covenants and agreements between the Parties with respect to that employment in any manner whatsoever. Each Party to this Agreement acknowledges that no representation, inducement, promise, or agreement, orally or otherwise, has been made by any Party, or anyone acting on behalf of any Party, which is not embodied herein, and that no other agreement, statement, or promise not contained in this Agreement or Employment shall be valid or binding on either Party. Section 14: Any notices to be given hereunder by either Party to the other shall be in writing and may be transmitted by personal delivery, or by mail, registered or certified, postage prepaid, with return receipt requested. Mailed notices shall be addressed to the Parties at the addresses maintained in the personnel records of OC San, but each Party may change that address by written notice in accordance with this Section. Notices delivered personally shall be deemed communicated as of the date of actual receipt; mailed notices shall be deemed communicated as of the date of mailing. Section 15: Any modifications of this Agreement will be effective only if set forth in writing and signed by the Parties. 7 Section 16: The failure of either Party to insist on strict compliance with any of the terms, covenants, or conditions of this Agreement by the other Party, shall not be deemed a waiver of that term, covenant, or condition, nor shall any waiver or relinquishment of any right or power at any one time or times be deemed a waiver or relinquishment of that right or power for all or any other times. Section 17: If any term or other provision of this At-Will Employment Agreement is determined by a court of competent jurisdiction to be invalid, illegal or incapable of being enforced by any rule of law or public policy, all other terms, provisions and conditions shall nevertheless remain in full force and effect. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the Parties hereto shall negotiate in good faith to modify this Agreement so as to affect the original intent of the Parties as closely as possible to the fullest extent permitted by applicable law in an acceptable manner to the end that the transactions contemplated hereby are fulfilled to the extent possible. Section 18: This Agreement shall be governed by and construed in accordance with the laws of the State of California and all applicable ordinances, policies and resolutions. Section 19: General Manager acknowledges that he has had the opportunity and has conducted an independent review of the financial and legal effects of this Agreement. General Manager acknowledges that he has made an independent judgment upon the financial and legal effects of the Agreement and has not relied upon representation of OC San, its elected or appointed officers and officials, agents or employees other than those expressly set forth in this Agreement. General Manager acknowledges that he has been advised to obtain, and has availed himself of, legal advice with respect to the terms and provisions of this Agreement. IN WITNESS WHEREOF, the parties hereto have executed this At-Will Employment Agreement as follows. GENERAL MANAGER By:___________________________ Robert C. Thompson Date:__________________________ 8 VICE CHAIRMAN, BOARD OF DIRECTORS By:_____________________________ Jon Dumitru Date:____________________________ APPROVED AS TO FORM: By:___________________________________ Scott C. Smith General Counsel Date:_______________________________ BOARD OF DIRECTORS Agenda Report Headquarters 18480 Bandilier Circle Fountain Valley, CA 92708 (714) 593-7433 File #:2025-4458 Agenda Date:8/27/2025 Agenda Item No:CS-1 FROM:Robert Thompson, General Manager SUBJECT: CONFERENCE WITH LEGAL COUNSEL RE EXISTING LITIGATION - GOVERNMENT CODE SECTION 54956.9(D)(1) RECOMMENDATION: Convene in Closed Session: Number of Cases: 2 A. Ddaze Phuong,Workers’ Compensation Claim, Workers Compensation Appeals Board, Case Nos. ADJ16015389 and ADJ18947693; and B. James Cabral, Workers’ Compensation Claim, Workers Compensation Appeals Board, Case Nos. ADJ20490382 and ADJ20620306. BACKGROUND During the course of conducting the business set forth on this agenda as a regular meeting of the Board,the Chairperson may convene the Board in closed session to consider matters of pending real estate negotiations, pending or potential litigation, or personnel matters. Reports relating to (a)purchase and sale of real property;(b)matters of pending or potential litigation;(c)employment actions or negotiations with employee representatives;or which are exempt from public disclosure under the California Public Records Act,may be reviewed by the Board during a permitted closed session and are not available for public inspection.At such time the Board takes final action on any of these subjects, the minutes will reflect all required disclosures of information. RELEVANT STANDARDS ·Government Code Sections 54956.8, 54956.9, 54957, or 54957.6, as noted ATTACHMENT The following attachment(s)may be viewed on-line at the OC San website (www.ocsan.gov)with the complete agenda package: ·Memorandum from General Counsel Orange County Sanitation District Printed on 8/20/2025Page 1 of 1 powered by Legistar™ Scott C. Smith (949) 263-6561 scott.smith@bbklaw.com 18101 Von Karman Avenue.Suite 1000.Irvine, CA 92612 Phone: (949) 263-2600 | Fax: (949) 260-0972 bbklaw.com Memorandum To: Honorable Chair and Members of the Orange County Sanitation District Board of Directors From: General Counsel Date: August 27, 2025 Re: Closed Session Items The Board will hold a closed session on August 27, 2025, for the purpose of conferring with its legal counsel regarding existing litigation to which the Orange County Sanitation District is a party. The titles of the matters are Ddaze Phuong, Workers’ Compensation Claim, Workers Compensation Appeals Board, Case Nos. ADJ16015389 and ADJ18947693 and James Cabral, Workers’ Compensation Claim, Workers Compensation Appeals Board, Case Nos. ADJ20490382 and ADJ20620306. The closed session will be held pursuant to the authority of California Government Code Section 54956.9(d)(1). Respectfully submitted, SCOTT C. SMITH BOARD OF DIRECTORS Agenda Report Headquarters 18480 Bandilier Circle Fountain Valley, CA 92708 (714) 593-7433 File #:2025-4459 Agenda Date:8/27/2025 Agenda Item No:CS-2 FROM:Robert Thompson, General Manager SUBJECT: CONFERENCE WITH REAL PROPERTY NEGOTIATORS - GOVERNMENT CODE SECTION 54956.8 RECOMMENDATION: Convene in Closed Session: A.Property: 10700 Spencer Street, Fountain Valley, CA - APN No.156-154-07 and 156-163-16. Agency negotiators: General Manager Rob Thompson; Assistant General Manager Lorenzo Tyner; and Director of Finance Wally Ritchie. Negotiating parties: Shabtai Itzhak Tr Ins Tr Under negotiation: Price and Terms of payment B.Property: 18250 Euclid Street, Fountain Valley, CA - APN No.156-171-41. Agency negotiators: General Manager Rob Thompson; Assistant General Manager Lorenzo Tyner; and Director of Finance Wally Ritchie. Negotiating parties: Rexford Industrial Realty LP Under negotiation: Price and Terms of payment BACKGROUND During the course of conducting the business set forth on this agenda as a regular meeting of the Board,the Chairperson may convene the Board in closed session to consider matters of pending real estate negotiations, pending or potential litigation, or personnel matters. Reports relating to (a)purchase and sale of real property;(b)matters of pending or potential litigation;(c)employment actions or negotiations with employee representatives;or which are exempt from public disclosure under the California Public Records Act,may be reviewed by the Board during a permitted closed session and are not available for public inspection.At such time the Board takes final action on any of these subjects, the minutes will reflect all required disclosures of information. Orange County Sanitation District Printed on 8/20/2025Page 1 of 2 powered by Legistar™ File #:2025-4459 Agenda Date:8/27/2025 Agenda Item No:CS-2 RELEVANT STANDARDS ·Government Code Sections 54956.8, 54956.9, 54957, or 54957.6, as noted ATTACHMENT The following attachment(s)are included in hard copy and may also be viewed on-line at the OCSD website (www.ocsd.com) with the complete agenda package: ·Memorandum from General Counsel Orange County Sanitation District Printed on 8/20/2025Page 2 of 2 powered by Legistar™ Scott C. Smith (949) 263-6561 scott.smith@bbklaw.com 18101 Von Karman Avenue.Suite 1000.Irvine, CA 92612 Phone: (949) 263-2600 | Fax: (949) 260-0972 bbklaw.com Memorandum To: Honorable Chair and Members of the Orange County Sanitation District Board of Directors From: General Counsel Date: August 27, 2025 Re: Closed Session Items The Board will hold a closed session on August 27, 2025, for the purpose of holding a conference with its real property negotiators regarding the price and terms of payment for real property located at 10700 Spencer Street in Fountain Valley and 18250 Euclid Street in Fountain Valley. The closed session will be held pursuant to the authority of California Government Code section 54956.8. Respectfully submitted, SCOTT C. SMITH BOARD OF DIRECTORS Agenda Report Headquarters 18480 Bandilier Circle Fountain Valley, CA 92708 (714) 593-7433 File #:2025-4460 Agenda Date:8/27/2025 Agenda Item No:CS-3 FROM:Robert Thompson, General Manager SUBJECT: CONFERENCE WITH LEGAL COUNSEL RE ANTICIPATED LITIGATION - GOVERNMENT CODE SECTION 54956.9(D)(4) RECOMMENDATION: Convene in Closed Session: Number of Potential Cases: 1. Initiation of litigation. BACKGROUND During the course of conducting the business set forth on this agenda as a regular meeting of the Board,the Chairperson may convene the Board in closed session to consider matters of pending real estate negotiations, pending or potential litigation, or personnel matters. Reports relating to (a)purchase and sale of real property;(b)matters of pending or potential litigation;(c)employment actions or negotiations with employee representatives;or which are exempt from public disclosure under the California Public Records Act,may be reviewed by the Board during a permitted closed session and are not available for public inspection.At such time the Board takes final action on any of these subjects, the minutes will reflect all required disclosures of information. RELEVANT STANDARDS ·Government Code Sections 54956.8, 54956.9, 54957, or 54957.6, as noted ATTACHMENT The following attachment(s)may be viewed on-line at the OC San website (www.ocsan.gov)with the complete agenda package: ·Memorandum from General Counsel Orange County Sanitation District Printed on 8/20/2025Page 1 of 1 powered by Legistar™ Scott C. Smith (949) 263-6561 scott.smith@bbklaw.com 18101 Von Karman Avenue.Suite 1000.Irvine, CA 92612 Phone: (949) 263-2600 | Fax: (949) 260-0972 bbklaw.com Memorandum To: Honorable Chair and Members of the Orange County Sanitation District Board of Directors From: General Counsel Date: August 27, 2025 Re: Closed Session Items The Board will hold a closed session on August 27, 2025, for the purpose of conferring with its legal counsel regarding potential litigation. Based on existing facts and circumstances, the Orange County Sanitation District has decided to initiate or is deciding whether to initiate litigation for one potential case. The closed session will be held pursuant to the authority of California Government Code section 54956.9(d)(4). Respectfully submitted, SCOTT C. SMITH 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.