HomeMy WebLinkAbout*November 18, 2025 Regular City Council Meeting PacketNovember 18, 2025 Dublin City Council Regular Meeting Agenda 1
COUNCILMEMBERS Peter W. Snyder Council Chamber
Dr. Sherry Hu, Mayor Dublin Civic Center
Kashef Qaadri, Vice Mayor 100 Civic Plaza
Jean Josey, Councilmember Dublin, CA 94568
Michael McCorriston, Councilmember www.dublin.ca.gov
John Morada, Councilmember
Regular Meeting of the
DUBLIN CITY COUNCIL
Tuesday, November 18, 2025 Location: Peter W. Snyder
City Council Chamber
100 Civic Plaza
Dublin, CA 94568
REGULAR MEETING 7:00 PM
Additional Meeting Procedures
This City Council meeting will be broadcast live on Comcast T.V. channel 28
beginning at 7:00 p.m. This meeting will also be livestreamed at tv28live.org and
on the City’s website at: https://dublin.ca.gov/ccmeetings
For the convenience of the City and as a courtesy to the public, members of the
public who wish to offer comments electronically have the option of giving public
comment via Zoom, subject to the following procedures:
- Fill out an online speaker slip available at www.dublin.ca.gov. The speaker slip
will be made available at 10:00 a.m. on Tuesday, November 18, 2025. Upon
submission, you will receive Zoom link information from the City Clerk.
Speakers slips will be accepted until the staff presentation ends, or until the
public comment period on non-agenda items is closed.
- Once connected to the Zoom platform using the Zoom link information from
the City Clerk, the public speaker will be added to the Zoom webinar as an
attendee and muted. The speaker will be able to observe the meeting from the
Zoom platform.
- When the agenda item upon which the individual would like to comment is
addressed, the City Clerk will announce the speaker in the meeting when it is
their time to give public comment. The speaker will then be unmuted to give
public comment via Zoom.
- Technical difficulties may occur that make the option unavailable, and, in
such event, the meeting will continue despite the inability to provide the
option.
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November 18, 2025 Dublin City Council Regular Meeting Agenda 2
1. CALL TO ORDER
2. PLEDGE OF ALLEGIANCE
3. PRESENTATIONS AND PROCLAMATIONS
3.1 Recognition of 2025 Inside Dublin Participants
The City Council will recognize the participants of the City's 2025 Inside Dublin program.
STAFF RECOMMENDATION:
Recognize the 2025 Inside Dublin participants.
Staff Report
3.2 Employee Introductions
New City of Dublin staff members, Don Hutsell, Chief Building Official with the Community
Development Department, and Tyler Isaac, Associate Engineer with Public Works, will be
introduced.
STAFF RECOMMENDATION:
Welcome the new City of Dublin staff members.
Staff Report
4. PUBLIC COMMENT
At this time, the public is permitted to address the City Council on non-agendized items.
Please step to the podium and clearly state your name for the record. COMMENTS SHOULD
NOT EXCEED THREE (3) MINUTES. In accordance with State Law, no action or discuss ion may
take place on any item not appearing on the posted agenda. The Council may respond to
statements made or questions asked, or may request Staff to report back at a future meeting
concerning the matter. Any member of the public may contact the City Clerk’s Office related
to the proper procedure to place an item on a future City Council agenda. The exceptions
under which the City Council MAY discuss and/or take action on items not appearing on the
agenda are contained in Government Code Section 54954.2(b)(1)(2)(3).
5. CONSENT CALENDAR
Consent Calendar items are typically non-controversial in nature and are considered for
approval by the City Council with one single action. Members of the audience, Staff or the
City Council who would like an item removed from the Consent Calendar for purposes of
public input may request the Mayor to remove the item.
5.1 Approval of November 4, 2025 Regular City Council Meeting Minutes
The City Council will consider approving the minutes of the November 4, 2025 Regular City
Council Meeting.
STAFF RECOMMENDATION:
Approve the minutes of the November 4, 2025 Regular City Council Meeting.
Staff Report
Attachment 1 - November 4, 2025 Regular City Council Meeting Minutes
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November 18, 2025 Dublin City Council Regular Meeting Agenda 3
5.2 City Treasurer’s Informational Report of Investments for the Quarter Ending September
30, 2025
The City Council will receive an informational report of the City’s investments through the
quarter ending September 30, 2025, including a monthly transaction ledger. The City’s
investment portfolio for this period totaled $491,548,468 (market value) with an average
market yield of 3.99%. As required by the City’s Investment Policy, the City Treasurer (Finance
Director) affirms that the City is able to meet its expenditure requirements for the next six
months. The Finance and Investment Committee reviewed the report at their November 4,
2025 meeting.
STAFF RECOMMENDATION:
Receive the report.
Staff Report
Attachment 1 - City of Dublin Investment Report for Period Ending September 30, 2025
Attachment 2 - Transaction Ledger - July through September 2025
Attachment 3 - Glossary of Investment Categories
5.3 Youth Mini-Grant Funding Recommendations
The City Council will consider approving the Youth Advisory Committee’s recommended
funding allocations for the Youth Mini-Grant Program.
STAFF RECOMMENDATION:
Adopt the Resolution Approving the Funding Recommendations for the Fiscal Year 2025-26
Youth Advisory Committee Youth Mini-Grant Program.
Staff Report
Attachment 1 - Resolution Approving the Funding Recommendations for the Fiscal Year 2025-
26 Youth Advisory Committee Youth Mini-Grant Program
Attachment 2 - Youth Mini-Grant Rating Sheet
Attachment 3 - Fiscal Year 2025-26 Youth Mini-Grant Applications and Proposals
5.4 Accessory Dwelling Unit Ordinance Update (PLPA-004245-2025)
On November 4, 2025, the City Council considered City-initiated amendments to the Zoning
Ordinance to implement changes in state accessory dwelling unit law. As proposed, Dublin
Municipal Code Chapter 8.08 (Definitions), Chapter 8.76 (Off-Street Parking and Loading
Regulations) and Chapter 8.80 (Accessory Dwelling Unit Regulations) would be updated to
ensure compliance with the recent legislation. On November 4, 2025, the City Council waived
the first reading and introduced the Ordinance amending the Zoning Ordinance. The City
Council is now requested to waive the second reading and adopt the proposed Ordinance.
STAFF RECOMMENDATION:
Waive the second reading and adopt the Ordinance Approving Amendments to Dublin
Municipal Code Chapter 8.08 (Definitions) and Chapter 8.76 (Off-Street Parking and Loading
Regulations), and Repealing and Replacing Chapter 8.80 (Accessory Dwelling Unit
Regulations).
Staff Report
Attachment 1 - Approving Amendments to Dublin Municipal Code Chapter 8.08 (Definitions)
and Chapter 8.76 (Off-Street Parking and Loading Regulations), and Repealing and Replacing
Chapter 8.80 (Accessory Dwelling Unit Regulations)
Attachment 2 - November 4, 2025 Staff Report (without attachments)
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November 18, 2025 Dublin City Council Regular Meeting Agenda 4
5.5 Payment Issuance Report and Electronic Funds Transfer
The City Council will receive a listing of payments issued from October 1, 2025 – October 31,
2025, totaling $8,429,847.55.
STAFF RECOMMENDATION:
Receive the report.
Staff Report
Attachment 1 - Payment Issuance Report for October 2025
6. PUBLIC HEARING – None.
7. UNFINISHED BUSINESS
7.1 Approval of Workers’ Compensation Program Structure and Recommendation to
Transition to a Self-Funded Workers’ Compensation Plan
The City Council will receive a report on Staff’s analysis of workers’ compensation programs
and discuss Staff’s recommendation to transition to a self-funded workers’ compensation
program, supported by a third-party administrator for day-to-day claims administration and
excess insurance for catastrophic claims.
STAFF RECOMMENDATION:
Approve the City’s transition to a self-funded workers’ compensation model beginning
January 1, 2026, authorize the establishment of a workers’ compensation trust account, and
authorize the City Manager to execute all necessary agreements related to administration and
excess insurance.
Staff Report
Attachment 1 - October 21, 2025 Staff Report (without attachments)
Item 7.1 PowerPoint Presentation
8. NEW BUSINESS
8.1 Report on Finance and Investment Committee Roles and Responsibilities
The City Council will receive a report on the roles and responsibilities of the Finance and
Investment Committee and discuss whether to expand those to include other financial
matters.
STAFF RECOMMENDATION:
Receive the report and discuss.
Staff Report
Item 8.1 PowerPoint Presentation
9. CITY MANAGER AND CITY COUNCIL REPORTS
Brief information only reports from City Council and/or Staff, including committee reports and
reports by City Council related to meetings attended at City expense (AB1234).
10. ADJOURNMENT
This AGENDA is posted in accordance with Government Code Section 54954.2(a)
If requested, pursuant to Government Code Section 54953.2, this agenda shall be made available
in appropriate alternative formats to persons with a disability, as required by Section 202 of the
Americans with Disabilities Act of 1990 (42 U.S.C. Section 12132) (ADA), and the federal rules
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November 18, 2025 Dublin City Council Regular Meeting 5
and regulations adopted in implementation thereof. To make a request for disability-related
modification or accommodation, please contact the City Clerk’s Office (925) 833-6650 at least 72
hours in advance of the meeting. Upon receiving a request, the City will swiftly resolve requests for
reasonable accommodation for individuals with disabilities, consistent with the federal ADA, and
resolve any doubt in favor of accessibility.
Agenda materials that become available within 72 hours in advance of the meeting, and after
publishing of the agenda, will be available at Civic Center, 100 Civic Plaza, and will be posted on
the City’s website at www.dublin.ca.gov/ccmeetings.
Mission
The City of Dublin promotes and supports a high quality of life, ensures a safe, secure, and
sustainable environment, fosters new opportunities, and champions a culture of equity, diversity,
and inclusion.
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STAFF REPORT
CITY COUNCIL
Page 1 of 1
Agenda Item 3.1
DATE: November 18, 2025
TO: Honorable Mayor and City Councilmembers
FROM: Colleen Tribby, City Manager
SUBJECT:
Recognition of 2025 Inside Dublin Participants
Prepared by: Cierra Fabrigas, Executive Aide
EXECUTIVE SUMMARY:
The City Council will recognize the participants of the City’s 2025 Inside Dublin program.
STAFF RECOMMENDATION:
Recognize the 2025 Inside Dublin participants.
FINANCIAL IMPACT:
None.
DESCRIPTION:
Inside Dublin was designed to inform participants about the issues facing the community and
to encourage community involvement at all levels. This year’s program included presentations
on the City’s history, governance, public safety, development, capital projects, parks and
community services, general operations, and local agency partnerships.
STRATEGIC PLAN INITIATIVE:
None.
NOTICING REQUIREMENTS/PUBLIC OUTREACH:
The City Council Agenda was posted.
ATTACHMENTS:
None.
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STAFF REPORT
CITY COUNCIL
Page 1 of 2
Agenda Item 3.2
DATE: November 18, 2025
TO: Honorable Mayor and City Councilmembers
FROM: Colleen Tribby, City Manager
SUBJECT:
Employee Introductions
Prepared by: Sarah Monnastes, Human Resources Director
EXECUTIVE SUMMARY:
New City of Dublin staff members, Don Hutsell, Chief Building Official with the Community
Development Department, and Tyler Isaac, Associate Engineer with Public Works, will be
introduced.
STAFF RECOMMENDATION:
Welcome the new City of Dublin staff members.
FINANCIAL IMPACT:
None.
DESCRIPTION:
New City of Dublin staff members, Don Hutsell, Chief Building Official with the Community
Development Department, and Tyler Isaac, Associate Engineer with Public Works, will be
introduced.
STRATEGIC PLAN INITIATIVE:
None.
NOTICING REQUIREMENTS/PUBLIC OUTREACH:
The City Council Agenda was posted.
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Page 2 of 2
ATTACHMENTS:
None.
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STAFF REPORT
CITY COUNCIL
Page 1 of 1
Agenda Item 5.1
EXECUTIVE SUMMARY:
The City Council will consider approving the minutes of the November 4, 2025 Regular City
Council Meeting.
STAFF RECOMMENDATION:
Approve the minutes of the November 4, 2025 Regular City Council Meeting.
FINANCIAL IMPACT:
None.
DESCRIPTION:
The City Council will consider approving the minutes of the November 4, 2025 Regular City
Council Meeting.
STRATEGIC PLAN INITIATIVE:
None.
NOTICING REQUIREMENTS/PUBLIC OUTREACH:
The City Council Agenda was posted.
ATTACHMENTS:
1) November 4, 2025 Regular City Council Meeting Minutes
DATE: November 18, 2025
TO: Honorable Mayor and City Councilmembers
FROM: Colleen Tribby, City Manager
SUBJECT:
Approval of November 4, 2025 Regular City Council Meeting Minutes
Prepared by: Vanessa Rosales, CMC, Deputy City Clerk
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MINUTES OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
Regular Meeting: November 4, 2025
DUBLIN CITY COUNCIL MINUTES
REGULAR MEETING
NOVEMBER 4, 2025
The following are minutes of the actions taken by the City of Dublin City Council. A full
video recording of the meeting with the agenda items indexed and time stamped is
available on the City’s website at: https://dublin.ca.gov/ccmeetings
REGULAR MEETING 7:00 PM
A Regular Meeting of the Dublin City Council was held on Tuesday, November 4, 2025,
in the Peter W. Snyder Council Chamber, 100 Civic Plaza, Dublin, CA 94568. The
meeting was called to order at 7:00 PM, by Mayor Hu.
1) CALL TO ORDER
Attendee Name Status
Dr. Sherry Hu, Mayor Present
Kashef Qaadri, Vice Mayor Present
Jean Josey, Councilmember Present
Michael McCorriston, Councilmember Present
John Morada, Councilmember Present
2) PLEDGE OF ALLEGIANCE
3) PRESENTATIONS AND PROCLAMATIONS
3.1) Employee Introduction
New City of Dublin staff member, Karen Lopez, Senior Human Resources Analyst with
the Human Resources Department, was introduced.
4) PUBLIC COMMENT
Lauren Howe provided public comment.
Adnan Dawood provided public comment.
Rayyan Dawood provided public comment.
Mike Grant provided a public comment.
Attachment 1
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DUBLIN CITY COUNCIL MINUTES
REGULAR MEETING
NOVEMBER 4, 2025
Eloise Hamann provided a public comment.
5) CONSENT CALENDAR
5.1) Approved the October 21, 2025 Regular City Council Meeting Minutes.
5.2) Received a report outlining Alameda County Fire Department’s compliance with
the annual inspection requirements set forth in California Health and Safety Code
Sections 13146.2 and 13146.3 for Fiscal Year 2024-25.
5.5) Adopted Resolution No. 92-25 titled, “Accepting Grant Funds from the California
Department of Alcoholic Beverage Control’s Office of Traffic Safety (ABC-OTS)
Grant Program.”
On a motion by Vice Mayor Qaadri, seconded by Councilmember Josey, and by
unanimous vote, the City Council adopted the Consent Calendar, except for item s 5.3
and 5.4.
RESULT: ADOPTED [UNANIMOUS]
MOVED BY: Kashef Qaadri, Vice Mayor
SECOND: Jean Josey, Councilmember
AYES: Hu, Josey, McCorriston, Qaadri, Morada
5.3) Adopted Resolution No. 90-25 titled, “Authorizing the City Manager to Approve
Contract Change Orders with Goodfellow Bros. California, LLC for the Iron Horse
Nature Park and Open Space Phase 1 Project, CIP No. PK0422.”
This item was pulled from the Consent Calendar by Vice Mayor Qaadri for clarifying
questions.
5.4) Adopted Resolution No. 91-25 titled, “Approving an Agreement with Francisco &
Associates, Inc. for Landscape and Lighting Assessment District Proposition 218
Engineering Services,” and approved the budget change.
This item was pulled from the Consent Calendar by Councilmember Morada for clarifying
questions.
On a motion by Vice Mayor Qaadri and seconded by Councilmember Josey, and by
unanimous vote, the City Council adopted Consent Calendar items 5.3 and 5.4.
RESULT: ADOPTED [UNANIMOUS]
MOVED BY: Kashef Qaadri, Vice Mayor
SECOND: Jean Josey, Councilmember
AYES: Hu, Josey, McCorriston, Qaadri, Morada
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DUBLIN CITY COUNCIL MINUTES
REGULAR MEETING
NOVEMBER 4, 2025
6) PUBLIC HEARING
6.1) Accessory Dwelling Unit Ordinance Update (PLPA-004245-2025)
The City Council received a presentation on City-initiated amendments to the Zoning
Ordinance to implement changes in state accessory dwelling unit law.
Mayor Hu opened the Public Hearing. Upon receiving no public comment, Mayor Hu
closed the Public Hearing.
On a motion by Vice Mayor Qaadri, seconded by Councilmember Josey, and by
unanimous vote, the City Council waived the reading and introduced an Ordinance
Approving Proposed Amendments to Dublin Municipal Code Chapter 8.08 (Definitions),
Chapter 8.76 (Off-Street Parking and Loading Regulations) and Repealing and
Replacing Chapter 8.80 (Accessory Dwelling Unit Regulations).
RESULT: INTRODUCED [UNANIMOUS]
MOVED BY: Kashef Qaadri, Vice Mayor
SECOND: Jean Josey, Councilmember
AYES: Hu, Josey, McCorriston, Qaadri, Morada
6.2) Updates to the City’s Construction and Fire Codes for Accordance with
Requirements of State Law
The City Council received a presentation on a Resolution and Ordinance repealing the
2022 California Building Standards Code and adopting the 2025 California Building
Standards Code.
Mayor Hu opened the Public Hearing. Upon receiving no public comment, Mayor Hu
closed the Public Hearing.
On a motion by Councilmember Josey, seconded by Councilmember McCorriston, and
by unanimous vote, the City Council adopted Resolution No. 93-25 titled, “Approving
Findings Regarding the Need for Local Amendments to Provisions in the California
Building Standards Code as Adopted by the State of California, in the California Building
Code of Regulations, Title 24, to be Adopted by Reference in the Dublin Municipal
Code,” and waived the second reading and adopted Ordinance No. 08-25 titled,
“Repealing and Replacing Chapters 5.08 (Fire Code), 7.28 (Building Regulation
Administration Code), 7.32 (Building Code), 7.34 (Residential Code), 7.36 (Electrical
Code), 7.40 (Plumbing Code), 7.44 (Mechanical Code), 7.45 (Swimming Pool and Spa
Code), 7.46 (Existing Building Code), 7.48 (Building Maintenance Code), and 7.94
(Green Building Code).”
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DUBLIN CITY COUNCIL MINUTES
REGULAR MEETING
NOVEMBER 4, 2025
RESULT: ADOPTED [UNANIMOUS]
MOVED BY: Jean Josey, Councilmember
SECOND: Michael McCorriston, Councilmember
AYES: Hu, Josey, McCorriston, Qaadri, Morada
7) UNFINISHED BUSINESS – None.
8) NEW BUSINESS
8.1) Dublin Senior Center Update
The City Council received a presentation on current operations, participation levels, and
upcoming initiatives at the Dublin Senior Center.
8.2) Resolution Approving an Exception to the CalPERS 180-Day Waiting Period
for Retired Annuitant, Gregory Shreeve, in Accordance with Government
Code Sections 7522-56 and 21224
The City Council received a presentation regarding an exception to the 180-day waiting
period required under Government Code Section 7522 -56(f) to rehire retired annuitant
Gregory Shreeve on a temporary, part-time basis in the Community Development
Department.
On a motion by Councilmember Josey, and seconded by Vice Mayor Qaadri, and by
unanimous vote, the City Council adopted Resolution No. 94-25 titled, “Approving an
Exception to the CalPERS 180-Day Waiting Period for Retired Annuitant Gregory
Shreeve, in Accordance with Government Code Sections 7522-56 and 21224.”
RESULT: ADOPTED [UNANIMOUS]
MOVED BY: Jean Josey, Councilmember
SECOND: Kashef Qaadri, Vice Mayor
AYES: Hu, Josey, McCorriston, Qaadri, Morada
8.3) Fiscal Year 2024-25 4th Quarter Financial Review and Additional Special
Designation of General Fund Reserves
The City Council received a presentation on the fourth quarter of Fiscal Year 2024-25
and considered amendments to the General Fund reserve designations .
On a motion by Councilmember Josey, and seconded by Vice Mayor Qaadri, and by a 4-
1 roll call vote, the City Council adopted Resolution No. 95-25 titled, “Authorizing
Additional Special Designations of General Find Reserves for Fiscal Year 2024 -25,” and
confirmed additional General Fund reserve designations as of June 30, 2025.
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DUBLIN CITY COUNCIL MINUTES
REGULAR MEETING
NOVEMBER 4, 2025
RESULT: ADOPTED [4-1]
MOVED BY: Jean Josey, Councilmember
SECOND: Kashef Qaadri, Vice Mayor
AYES: Hu, Josey, McCorriston, Qaadri
NOES: Morada
9) CITY MANAGER AND CITY COUNCIL REPORTS
The City Council and Staff provided brief information-only reports, including committee
reports and reports related to meetings attended at City expense (AB1234).
By consensus, the City Council directed Staff to bring back an item to a future meeting
that contemplates the potential delegation of items to the Finance and Investment
Committee to discuss prior to City Council action.
10) ADJOURNMENT
Mayor Hu adjourned the meeting at 10:15 PM.
Mayor
ATTEST:
City Clerk
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STAFF REPORT
CITY COUNCIL
Page 1 of 4
Agenda Item 5.2
DATE: November 18, 2025
TO: Honorable Mayor and City Councilmembers
FROM: Colleen Tribby, City Manager
SUBJECT:
City Treasurer's Informational Report of Investments for the Quarter
Ending September 30, 2025
Prepared by: Chris Rhoades, Financial Analyst
EXECUTIVE SUMMARY:
The City Council will receive an informational report of the City’s investments through the
quarter ending September 30, 2025, including a monthly transaction ledger. The City’s
investment portfolio for this period totaled $491,548,468 (market value) with an average
market yield of 3.99%. As required by the City’s Investment Policy, the City Treasurer (Finance
Director) affirms that the City is able to meet its expenditure requirements for the next six
months. The Finance and Investment Committee reviewed the report at their November 4,
2025 meeting.
STAFF RECOMMENDATION:
Receive the report.
FINANCIAL IMPACT:
There is no financial impact resulting from this report. Investments are made in accordance
with the City’s Investment Policy and State Law. Interest earned is apportioned between funds
(i.e., General Fund, Gas Tax Fund, etc.) based upon their proportionat e share of the total cash
balance. The quarterly cash balance can vary from quarter to quarter based on the financial
needs of the City, including the timing of revenues and expenditures.
DESCRIPTION:
The total investment portfolio (market value) consists of $316,057,509 managed by Chandler
Asset Management, and $175,490,959 invested by the City in local government pools, the
Local Agency Investment Fund (LAIF) and the California Asset Management Program
(CAMP). The average market yield of the Chandler portfolio and the local pools was 3.84%
and 4.25% respectively.
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Page 2 of 4
The market value of the City’s investment portfolio remained essentially unchanged compared
to the quarter ending June 30, 2025 , increasing $12,854. This is consistent with historical
trends, as the City’s cash position typically experiences limited fluctuation between the June
and September quarters based on the timing of invoices and revenue receipts.
Economic Update Highlights
The following are some highlights from the Economic Update included in the Investment
Report prepared by Chandler (Attachment 1).
Recent economic data suggests lower growth in 2025 and greater market uncertainty as the
effects of fiscal policy unfold. Signs of a softer labor market are emerging, prompting
expectations that the Fed will move cautiously toward policy normalization . Given the
economic outlook, Chandler expects a gradual normalization of monetary policy and a steeper
yield curve.
The Federal Reserve lowered the Federal Funds Rate by a quarter percentage point to the
range of 4.00 - 4.25% upon conclusion of the September Federal Open Market Committee
meeting. The move was largely in line with market expectations.
City of Dublin Portfolio
The City's aggregate portfolio has maintained a healthy balance of investment types , with
minimal changes from the prior quarter. Attachment 3 provides additional information on the
investment types shown in Table 1.
The market value of the City's portfolio increased by $12,854 compared to the quarter ending
June 30, 2025. Overall, the City’s portfolio increased by $53.4 million from the same quarter
the prior year (see Table 1). Overall market yield-to-maturity decreased slightly from 4.13% to
3.99% (shown in Table 2). For detailed monthly transactions, refer to Attachment 2.
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Page 3 of 4
Table 1: Portfolio Values and Yield to Maturity
Table 2: Quarterly Holdings (Market Value) by Type, and YTM, Five Quarters
Funds Managed by the City
The City participates in two local agency investment pools managed by government finance
professionals and treasurers: the Local Agency Investment Fund (LAIF) and the California
Asset Management Program (CAMP). Table 3 shows the yields in the pools a long with the
assets managed by Chandler over the most recent eight quarters.
September 30, 2024 June 30, 2025
Holdings
Market
Value
Market
Value
Par
Value
Book
Value
Market
Value
% of
Subtotal
% of
Total
Portfolio
Book
Yield
Market
Yield
Managed by City
Cash 314,182 301,677 305,969 305,969 305,969 0.2%0.1%0.00%0.00%
LAIF 27,392,776 28,348,987 28,659,580 28,659,580 28,659,580 16.3%5.9%4.20%4.20%
CAMP 106,918,796 150,768,678 146,525,411 146,525,411 146,525,411 83.5%30.1%4.27%4.27%
SUBTOTAL 134,625,755 179,419,341 175,490,959 175,490,959 175,490,959 100.00%36.02%4.26%4.25%
Managed by Chandler
ABS 33,965,921 38,538,323 36,549,340 36,545,699 36,881,004 11.8%7.5%4.87%3.97%
Agency 21,005,009 7,239,578 7,145,000 7,189,001 7,239,856 2.3%1.5%3.97%3.68%
Cash 10,076 12,697 3,243 3,243 3,243 0.0%0.0%0.00%0.00%
Agency CMBS 11,859,631 14,057,968 14,369,330 13,989,165 14,128,979 4.5%2.9%4.30%3.90%
Money Market 2,161,116 879,415 694,172 694,172 694,172 0.2%0.1%3.73%3.73%
Supranational 27,039,073 27,178,034 25,580,000 25,301,403 25,591,158 8.2%5.3%3.70%3.75%
Corporate 78,453,439 77,276,470 77,695,000 77,536,748 78,291,033 24.9%15.9%4.25%4.16%
US Treasury 127,188,477 144,465,586 149,650,000 149,406,878 150,997,617 48.1%30.7%3.98%3.66%
SUBTOTAL 301,682,742 309,648,071 311,686,086 310,666,308 313,827,062 100.00%63.98%4.15%3.84%
Accrued Interest 1,812,539 2,468,202 2,230,446
303,495,281 312,116,273 316,057,509
TOTAL PORTFOLIO 438,121,036 491,535,614 487,177,045 486,157,268 491,548,468 100.00%3.99%
53,427,433
12,854
September 30, 2025
Change from Prior Year
Change from Prior Quarter
Holdings (Market Value)9/30/24 12/31/24 3/31/25 6/30/25 9/30/25
% Change
from Prior
Quarter
LAIF/CAMP 134,311,573 163,434,370 162,978,763 179,117,665 175,184,990 -2.24%
ABS 33,965,921 33,334,796 36,131,194 38,538,323 36,881,004 -4.49%
Agency 21,005,009 13,896,584 11,217,537 7,239,578 7,239,856 0.00%
Cash 324,258 315,427 310,698 314,373 309,213 -1.67%
Agency CMBS 11,859,631 13,733,961 13,948,947 14,057,968 14,128,979 0.50%
Money Market 2,161,116 743,108 1,283,006 879,415 694,172 -26.69%
Supranational 27,039,073 27,445,408 26,953,873 27,178,034 25,591,158 -6.20%
Corporate 78,453,439 75,925,813 77,780,053 77,276,470 78,291,033 1.30%
US Treasury 127,188,477 133,961,210 138,087,540 144,465,586 150,997,617 4.33%
Accrued Interest 1,812,539 2,150,722 2,047,059 2,468,202 2,230,446 -10.66%
TOTAL 438,121,036 464,941,399 470,738,671 491,535,614 491,548,468 0.00%
Change
from Prior
Quarter
YIELD TO MATURITY 4.22%4.53%4.26%4.13%3.99%-0.14%
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Page 4 of 4
Table 3: Quarterly Portfolio Yields, Recent Eight Quarters
Market Yield LAIF CAMP Chandler
12/31/23 3.95% 5.56% 4.46%
3/31/24 4.27% 5.48% 4.79%
6/30/24 4.56% 5.44% 4.84%
9/30/24 4.57% 5.08% 3.89%
12/31/24 4.43% 4.65% 4.49%
3/31/25 4.31% 4.47% 4.16%
6/30/25 4.27% 4.43% 3.97%
9/30/25 4.20% 4.27% 3.84%
Finance and Investment Committee
On November 4, 2025, the Finance and Investment Committee reviewed the quarterly report
as it aligns with the Committee’s role in providing policy guidance on financial matters,
including the investing of City funds.
STRATEGIC PLAN INITIATIVE:
None.
NOTICING REQUIREMENTS/PUBLIC OUTREACH:
The City Council Agenda was posted.
ATTACHMENTS:
1) City of Dublin Investment Report for Period Ending September 30, 2025
2) Transaction Ledger – July through September 2025
3) Glossary of Investment Categories
18
INVESTMENT REPORT
City of Dublin | As of September 30, 2025
CHANDLER ASSET MANAGEMENT | chandlerasset.com
Chandler Team:
For questions about your account, please call (800) 317-4747,
or contact clientservice@chandlerasset.com
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures at the end of the statement.
Attachment 1
19
TABLE OF CONTENTS
City of Dublin | As of September 30, 2025
ECONOMIC UPDATE
ACCOUNT PROFILE
CONSOLIDATED INFORMATION
PORTFOLIO HOLDINGS
TRANSACTIONS
1 20
ECONOMIC UPDATE
2 21
Recent economic data suggest slower growth in 2025 and greater market uncertainty as the effects of fiscal policy unfold.Inflation
pressures have eased,though core levels remain above the Federal Reserve’s target,while tariffs continue to cloud forecasts.Signs of a
softer labor market are emerging,prompting expectations that the Fed will move cautiously toward policy normalization.Given the
economic outlook, we expect gradual normalization of monetary policy and a steeper yield curve.
The Federal Reserve lowered the Federal Funds Rate a quarter percentage point to the range of 4.00 –4.25%upon conclusion of the
September Federal Open Market Committee meeting.The move was telegraphed by the Fed and in line with market expectations. Stephen
Miran was the only opposing vote in the 11-1 decision as Governor Miran called for a larger 50 basis point rate cut.Chair Powell said
concerns over signs of a softening labor market prompted the policy shift.Policymakers also updated their economic forecasts penciling in
two additional quarter-point cuts through year-end.
The US Treasury yield curve flattened in September,as the 2-year Treasury yield declined 13 basis points to 3.57%,the 5-year Treasury also
down 13 basis points to 3.66%,and the 10-year Treasury yield declined 14 basis points to 4.12%.The spread between the 2-year and 10-
year Treasury yield points on the curve decreased to +54 basis points at September month-end versus +61 basis points at August month-
end. The spread between the 2-year Treasury and 10-year Treasury yield one year ago was 14 basis points. The spread between the 3-
month and 10-year Treasury yield points on the curve was +21 basis points in September versus +8 basis points in August.
ECONOMIC UPDATE
3 22
-400
-200
0
200
400
600
800
1,000
MO
M
C
h
a
n
g
e
I
n
T
h
o
u
s
a
n
d
s
(
0
0
0
'
s
)
Nonfarm Payroll (000's)
Non-farm Payroll (000's)
3-month average (000's)
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
Unemployment Rate
Underemployment Rate (U6)
Unemployment Rate (U3)
Ra
t
e
(
%
)
The U.S.economy added just 22,000 jobs in August,falling short of consensus expectations and punctuating the softening trend in the
labor market.The three-month moving average and six-month moving average payrolls totaled 29,000 and 64,000 respectively.The
unemployment rate rose to 4.3%in August from 4.2%in July. The labor participation rate inched up to 62.3%,remaining below the pre-
pandemic level of 63.3%.The U-6 underemployment rate,which includes those who are marginally attached to the labor force and
employed part time for economic reasons jumped to 8.1%in August from 7.9%in July.Average hourly earnings fell to 3.7%year-over-year
from 3.9% last month.
Source: US Department of Labor Source: US Department of Labor
EMPLOYMENT
4 23
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
Job Openings
Recession
Historical Average
In
T
h
o
u
s
a
n
d
s
(
0
0
0
'
s
)
The Labor Department’s Job Openings and Labor Turnover Survey (JOLTS)showed a modest increase to 7.227 million new job openings in
August from 7.2 million in July. The quits rate and layoffs remained relatively stable.Job openings indicate a ratio of approximately 1 job
for each unemployed individual, representing a relatively balanced labor market.
Source: US Department of Labor
JOB OPENINGS & LABOR TURNOVER SURVEY
5 24
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
10.0%
Consumer Price Index (CPI)
CPI YOY % Change
Core CPI YOY % Change
YO
Y
(
%
)
C
h
a
n
g
e
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
10.0%
Personal Consumption Expenditures (PCE)
PCE Price Deflator YOY % Change
PCE Core Deflator YOY % Change
Fed Target
YO
Y
(
%
)
C
h
a
n
g
e
In August, the Consumer Price Index (CPI)increased more than expected at 0.4%month-over-month and 2.9%year-over-year,while the
Core CPI rose 0.3%month-over-month and 3.1%year-over-year,in line with expectations. The Personal Consumption Expenditures (PCE)
price index rose 0.3%month-over-month and 2.7%year-over-year in August. The Core PCE deflator,which excludes food and energy and
is the Fed’s preferred gauge, was up 0.2% from July leaving it unchanged at 2.9% on an annual basis in August.
Source: US Department of Labor Source: US Department of Commerce
INFLATION
6 25
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
Retail Sales YOY % Change
YO
Y
(
%
)
C
h
a
n
g
e
Advance Retail Sales showed continued strength jumping 0.6%in August as July data was also revised up to 0.6%month-over-month. The
increase elevated retail sales to 5.0%on an annual basis after jumping 4.1%year-over-year in July.Back-to-school shopping was a likely
catalyst as online shopping, clothing, and sporting goods saw some of the largest increases.Control group sales,which feed into GDP,
also jumped 0.74%in August from the prior month. The Conference Board’s Consumer Confidence Index fell to 94.2 in September from a
revised 97.8 in August,marking the lowest level since April 2025.Measures of current conditions and future expectations fell, signaling
weaker sentiment toward employment and income.Consumers have remained resilient,but rising debt burdens, higher delinquency rates,
lingering inflation worries, and emerging signs of labor market cooling could weigh on future spending.
0
20
40
60
80
100
120
140
160
In
d
e
x
L
e
v
e
l
Consumer Confidence
Recession
Source: US Department of Commerce Source: The Conference Board
All time high is 144.70 (1/31/00); All time low is 25.30 (2/28/09)
CONSUMER
7 26
-25.0%
-20.0%
-15.0%
-10.0%
-5.0%
0.0%
5.0%
10.0%
15.0%
Leading Economic Indicators (LEI)
Recession
YO
Y
(%
)
C
h
a
n
g
e
-1.00
-0.75
-0.50
-0.25
0.00
0.25
0.50
0.75
1.00
Chicago Fed National Activity Index (CFNAI)
Recession
3
M
o
n
t
h
A
v
e
r
a
g
e
The Conference Board’s Leading Economic Index (LEI)fell by 0.5%in August,following a 0.1%increase in July. The LEI decreased by 3.6%
year-over-year.The Conference Board is expecting economic growth to slow in the second half of 2025 due to consumer pessimism,soft
manufacturing new orders,and negative impacts from tariffs.The Chicago Fed National Activity Index (CFNAI)came in at -0.12%in
August after a downwardly revised -0.28 in July,indicating that economic momentum remained below its historical trend for the fifth
consecutive month. The three-month moving average shows a similar trend at -0.18 in August from -0.20 in the prior month signaling
ongoing below-trend growth in national economic activity.
Source: The Conference Board Source: Federal Reserve Bank of Chicago
LEADING INDICATORS OF ECONOMIC ACTIVITY
8 27
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
2,200
2,400
In
T
h
o
u
s
a
n
d
s
o
f
U
n
i
t
s
Annualized Housing Starts
Multi Family Housing Starts
Single Family Housing Starts
Housing starts dropped 8.5%in August to 1.307 million units,marking a pullback amid elevated inventory levels and a softening labor
market. Single-family starts fell 7.0% in August to 890,000 units, hitting their lowest level since July 2024. The S&P Cotality Case Shiller 20-
City Home Price Index recorded a 0.07%month-over-month decline in July,marking the fifth consecutive month of losses,while still
posting a modest year-over-year gain of 1.8%.Persistently high asking prices and elevated mortgage rates have continued to challenge
affordability,contributing to the recent cooling across the housing market.However,the Freddie Mac 30-year fixed mortgage rate
continued recent declines to 6.3% as of September.
Source: US Department of Commerce Source: S&P
-20.0%
-16.0%
-12.0%
-8.0%
-4.0%
0.0%
4.0%
8.0%
12.0%
16.0%
20.0%
24.0%
S&P/Case-Shiller 20 City Composite Home Price Index
Recession
YO
Y
(
%
)
C
h
a
n
g
e
HOUSING
9 28
40
45
50
55
60
65
70
Institute of Supply Management (ISM) Surveys
ISM Manufacturing ISM Services
EXPANDING
CONTRACTING
Manufacturing activity contracted at a slightly slower rate as the Institute for Supply Management (ISM)Manufacturing Index edged up to
49.1 in September,from 48.7 in August yet remaining below the expansion threshold,signaling the seventh consecutive month of
contraction in the manufacturing sector.Production growth factored into the gain,although drops in new orders and inventories offset the
increase.The ISM Services Index fell to 50.0 in September from 52.0 in August,which is the breakeven point between expansion and
contraction.The 2.0-point decline generally indicated moderate to weak growth, with only isolated reports of supplier delivery delays.
Employment remained in contraction territory, reflecting delayed hiring plans and ongoing challenges in finding qualified workers.
Source: Institute for Supply Management
SURVEY BASED MEASURES
10 29
Components of GDP 9/24 12/24 3/25 6/25
2.7% 2.6% 0.4% 1.7%
0.2% -1.3% 3.8% -2.7%
-0.4% -0.1% -4.7% 4.8%
0.5% 0.3% -0.4% -0.4%
0.4% 0.3% 0.2% 0.3%
3.4% 1.9% -0.6% 3.8%
Personal Consumption Expenditures
Gross Private Domestic Investment
Net Exports and Imports
Federal Government Expenditures
Total
State and Local (Consumption and Gross
Investment)-40.0%
-30.0%
-20.0%
-10.0%
0.0%
10.0%
20.0%
30.0%
40.0%
Gross Domestic Product (GDP)
GDP QOQ % Change
GDP YOY % Change
Source: US Department of Commerce Source: US Department of Commerce
In a s harp rebound from the first quarter, real GDP increased at an annualized rate of 3.8%in the second quarter of 2025 according to the
final data revision from the Bureau of Economic Analysis.The increase in real GDP in the second quarter was driven by the drop in
imports following the significant rise in the first quarter in anticipation of higher tariffs and an increase in consumer spending. The
consensus projection calls for 1.7% growth for the third quarter and 1.8% for the full year 2025.
GROSS DOMESTIC PRODUCT (GDP)
11 30
Source: Federal Reserve Source: Bloomberg
0
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
9,000,000
10,000,000
Federal Reserve Balance Sheet Assets
Recession
In
$
m
i
l
l
i
o
n
s
The Federal Reserve lowered its benchmark interest rate by a quarter point to a range of 4.00%to 4.25%at its September meeting,as
officials responded to mounting signs of labor market weakness.Chair Jerome Powell said the move was aimed at cushioning the
slowdown while keeping policy restrictive enough to fight lingering inflation.The Fed kept its balance-sheet runoff unchanged,
maintaining a $5 billion monthly cap on Treasuries and $35 billion on agency and mortgage-backed securities.Since launching its
Quantitative Tightening campaign in June 2022, the Fed has reduced its securities holdings by about $2.35 trillion, bringing the total down
to roughly $6.6 trillion.
FEDERAL RESERVE
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
Recession
12 31
Source: Bloomberg Source: Bloomberg
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
US Treasury Note Yields
2-Year
5-Year
10-Year
Yi
e
l
d
(
%
)
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
US Treasury Yield Curve
Sep-25
Jun-25
Sep-24
Yi
e
l
d
(
%
)
At the end of September,the 2-year Treasury yield was 5 basis points lower,and the 10-Year Treasury yield was 40 basis points higher,
year-over-year. The spread between the 2-year and 10-year Treasury yield points on the curve decreased to +54 basis points at September
month-end versus +61 basis points at August month-end. The prior 2-year/10-year yield curve inversion,which spanned from July 2022 to
August 2024,was historically long.The average historical spread (since 2005)is about +99 basis points. The spread between the 3-month
and 10-year Treasury yield points on the curve was +21 basis points in September versus +8 basis points in August.
BOND YIELDS
13 32
ACCOUNT PROFILE
14 33
OBJECTIVES
City of Dublin | As of September 30, 2025
Investment Objectives
The investment objectives of the City of Dublin are first, to provide safety of principal; second,
to provide adequate liquidity to meet all requirements which might be reasonably anticipated;
third, to attain a market average rate of return on its investments throughout economic cycles;
and fourth, to be diversified to avoid incurring unreasonable and avoidable risks regarding
specific security types or individual financial institutions.
Chandler Asset Management Performance Objective
The performance objective of the City of Dublin is to earn a return that equals or exceeds the
return on of the ICE BofA 1-5 Year Treasury and Agency Index.
Strategy
In order to achieve this objective, the portfolio invests in high quality fixed income instruments
consistent with the City's investment policy and California Government Code.
15 34
STATEMENT OF COMPLIANCE
City of Dublin | Account #10198 | As of September 30, 2025
Rules Name Limit Actual Compliance
Status Notes
AGENCY MORTGAGE SECURITIES (CMOS)
Max % (MV)20.0 4.5 Compliant
Max % Issuer (MV)20.0 4.5 Compliant
Max Maturity (Years)5.0 4.0 Compliant
ASSET-BACKED SECURITIES (ABS)
Max % (MV; Non Agency ABS & MBS)20.0 11.8 Compliant
Max % Issuer (MV)5.0 1.0 Compliant
Max Maturity (Years)5 4 Compliant
Min Rating (AA- by 1)0.0 0.0 Compliant
BANKERS' ACCEPTANCES
Max % (MV)40.0 0.0 Compliant
Max % Issuer (MV)5.0 0.0 Compliant
Max Maturity (Days)180 0.0 Compliant
Min Rating (A-1 by 1)0.0 0.0 Compliant
COMMERCIAL PAPER
Max % (MV)25.0 0.0 Compliant
Max % Issuer (MV)5.0 0.0 Compliant
Max Maturity (Days)270 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1)0.0 0.0 Compliant
CORPORATE MEDIUM TERM NOTES
Max % (MV)30.0 24.9 Compliant
Max % Issuer (MV)5.0 1.4 Compliant
Max Maturity (Years)5 4 Compliant
Min Rating (A- by 1)0.0 0.0 Compliant
FEDERAL AGENCIES
Max % (MV)100.0 2.3 Compliant
Max % Issuer (MV)35.0 1.5 Compliant
Max Callables (MV)25.0 0.0 Compliant
Max Maturity (Years)10 2 Compliant
16 35
STATEMENT OF COMPLIANCE
City of Dublin | Account #10198 | As of September 30, 2025
Rules Name Limit Actual Compliance
Status Notes
LOCAL AGENCY INVESTMENT FUND (LAIF)
Max Concentration (MV)75.0 0.0 Compliant
MONEY MARKET MUTUAL FUNDS
Max % (MV; Money Market Fund & Mutual Fund)20.0 0.2 Compliant
Max % Issuer (MV)20.0 0.2 Compliant
Min Rating (AAA by 2)0.0 0.0 Compliant
MORTGAGE-BACKED SECURITIES (NON-AGENCY)
Max % (MV)20.0 0.0 Compliant
Max % Issuer (MV)5.0 0.0 Compliant
Max Maturity (Years)5.0 0.0 Compliant
Min Rating (AA- by 1)0.0 0.0 Compliant
MUNICIPAL SECURITIES (ALL STATES)
Max % Issuer (MV)5.0 0.0 Compliant
Max Maturity (Years)10.0 0.0 Compliant
Min Rating (A- by 1)0.0 0.0 Compliant
MUTUAL FUNDS
Max % (MV; Money Market Fund & Mutual Fund)20.0 0.2 Compliant
Max % Issuer (MV)10.0 0.0 Compliant
Min Rating (AAA by 2)0.0 0.0 Compliant
NEGOTIABLE CERTIFICATES OF DEPOSIT (NCD)
Max % (MV)30.0 0.0 Compliant
Max % Issuer (MV)5.0 0.0 Compliant
Max Maturity (Years)5 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1 if > FDIC Limit)0.0 0.0 Compliant
SRI PROHIBITED INVESTMENTS
Prohibited Investment - Fossil Fuels 0.0 0.0 Compliant
Prohibited Investments - Aerospace and Defense 0.0 0.0 Compliant
Prohibited Investments - Firearms 0.0 0.0 Compliant
Prohibited Investments - Tobacco 0.0 0.0 Compliant
17 36
STATEMENT OF COMPLIANCE
City of Dublin | Account #10198 | As of September 30, 2025
Rules Name Limit Actual Compliance
Status Notes
SUPRANATIONAL OBLIGATIONS
Max % (MV)30.0 8.2 Compliant
Max % Issuer (MV)10.0 4.2 Compliant
Max Maturity (Years)5 4 Compliant
Min Rating (AA- by 1)0.0 0.0 Compliant
TIME DEPOSITS
Max % (MV)10.0 0.0 Compliant
Max % Issuer (MV)5.0 0.0 Compliant
Max Maturity (Years)1.0 0.0 Compliant
U.S. TREASURIES
Max % (MV)100.0 48.1 Compliant
Max Maturity (Years)10 5 Compliant
18 37
PORTFOLIO CHARACTERISTICS
City of Dublin | Account #10198 | As of September 30, 2025
Benchmark*9/30/2025
Portfolio
6/30/2025
Portfolio
Average Maturity (yrs)2.65 3.05 3.06
Average Modified Duration 2.48 2.54 2.54
Average Purchase Yield 4.15%4.05%
Average Market Yield 3.66%3.84%3.97%
Average Quality**AA+AA+AA+
Total Market Value 316,057,509 312,116,273
*Benchmark: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index
**The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch.
19 38
SECTOR DISTRIBUTION
City of Dublin | Account #10198 | As of September 30, 2025
Sector as a Percentage of Market Value
Sector 09/30/2025 06/30/2025
US Treasury 48.11%46.65%
Corporate 24.95%24.96%
ABS 11.75%12.45%
Supras 8.15%8.78%
Agency CMBS 4.50%4.54%
Agency 2.31%2.34%
Money Mkt Fd 0.22%0.28%
20 39
ISSUERS
City of Dublin | Account #10198 | As of September 30, 2025
Issuer Investment Type % Portfolio
United States US Treasury 48.11%
FHLMC Agency CMBS 4.50%
International Bank for Recon and Dev Supras 4.16%
Inter-American Development Bank Supras 3.47%
Chase Issuance Trust ABS 1.61%
Federal Home Loan Banks Agency 1.46%
UnitedHealth Group Incorporated Corporate 1.44%
Bank of Montreal Corporate 1.43%
Bank of America Corporation Corporate 1.41%
Deere & Company Corporate 1.30%
JPMorgan Chase & Co.Corporate 1.28%
Toyota Motor Corporation Corporate 1.26%
John Deere Owner Trust ABS 1.22%
BMW Vehicle Owner Trust ABS 1.16%
Morgan Stanley Corporate 1.15%
Merck & Co., Inc.Corporate 1.12%
GM Financial Automobile Leasing Trus ABS 1.01%
Abbvie Inc.Corporate 0.98%
The Toronto-Dominion Bank Corporate 0.98%
Honda Auto Receivables Owner Trust ABS 0.92%
Amazon.com, Inc.Corporate 0.88%
Tennessee Valley Authority Agency 0.85%
Royal Bank of Canada Corporate 0.82%
American Express Credit Master Trust ABS 0.81%
Toyota Lease Owner Trust ABS 0.81%
Guardian Life Global Funding Corporate 0.77%
Citigroup Inc ABS 0.77%
Realty Income Corporation Corporate 0.73%
Berkshire Hathaway Inc.Corporate 0.72%
Walmart Inc.Corporate 0.66%
21 40
ISSUERS
City of Dublin | Account #10198 | As of September 30, 2025
Issuer Investment Type % Portfolio
Wells Fargo & Company Corporate 0.66%
Caterpillar Inc.Corporate 0.65%
Massachusetts Mutual Life Insurance Corporate 0.65%
Hyundai Auto Receivables Trust ABS 0.64%
The Home Depot, Inc.Corporate 0.61%
Metropolitan Life Global Funding I Corporate 0.58%
WF Card Issuance Trust ABS 0.53%
International Finance Corporation Supras 0.52%
Cisco Systems, Inc.Corporate 0.51%
GM Financial Securitized Term ABS 0.51%
The Goldman Sachs Group, Inc.Corporate 0.50%
QUALCOMM Incorporated Corporate 0.49%
Bank of America Credit Card Trust ABS 0.48%
BNY Mellon Corp Corporate 0.48%
Hyundai Auto Lease Securitization Tr ABS 0.47%
Honda Motor Co., Ltd.Corporate 0.45%
Target Corporation Corporate 0.42%
American Express Company Corporate 0.41%
U.S. Bancorp Corporate 0.40%
Met Tower Global Funding Corporate 0.40%
Public Storage OP, LP Corporate 0.32%
DOMINION ENERGY, INC.Corporate 0.32%
Toyota Auto Receivables Owner Trust ABS 0.31%
Mercedes-Benz Auto Receivables Trust ABS 0.25%
Mercedes-Benz Auto Lease Trust ABS 0.25%
First American Govt Oblig fund Money Mkt Fd 0.22%
The Charles Schwab Corporation Corporate 0.18%
Cash Cash 0.00%
TOTAL 100.00%
22 41
QUALITY DISTRIBUTION
Rating 09/30/2025 06/30/2025
AAA 18.68%19.94%
AA 58.69%58.09%
A 18.34%18.03%
BBB 1.49%1.00%
NA 2.80%2.94%
Rating 09/30/2025 06/30/2025
Aaa 14.97%15.31%
Aa 59.98%59.37%
A 19.61%18.82%
NA 5.44%6.50%
Rating 09/30/2025 06/30/2025
AAA 11.81%13.14%
AA 61.18%59.66%
A 10.49%10.54%
NA 16.52%16.67%
City of Dublin | Account #10198 | As of September 30, 2025
S&P Rating Moody’s Rating Fitch Rating
23 42
0-.25 .25-.5 .5-1 1-2 2-3 3-4 4-5 5-7 7+
Portfolio 0.3%1.4%8.7%19.8%31.1%29.1%9.7%0.0%0.0%
ICE BofA 1-5 Year Unsubordinated US Treasury &
Agency Index 0.0%0.1%2.6%35.0%27.7%22.6%12.0%0.0%0.0%
DURATION DISTRIBUTION
City of Dublin | Account #10198 | As of September 30, 2025
Portfolio Compared to the Benchmark
24 43
3 Months 12 Months 2 Years 3 Years 5 Years 10 Years Since Inception
TOTAL RATE OF RETURN*
City of Dublin 1.26%4.14%6.04%4.88%1.55%1.98%1.84%
Benchmark 1.14%3.77%5.58%4.42%1.13%1.65%1.57%
*Periods over 1 year are annualized.
Total rate of return: A measure of a portfolio’s performance over time. It is the internal rate of return, which equates the beginning value of the portfolio with the ending market value; it includes interest earnings, realized
and unrealized gains and losses in the portfolio. Realized rate of return: A measure of a portfolio’s return over time. It is the internal rate which equates the beginning book value of the portfolio with the ending book value;
it includes interest earnings, realized gains and losses in the portfolio.
Benchmark: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index
INVESTMENT PERFORMANCE
City of Dublin | Account #10198 | As of September 30, 2025
Total Rate of Return : Inception | 11/01/2013
25 44
PORTFOLIO CHARACTERISTICS
City of Dublin Reporting Account | Account #10219 | As of September 30, 2025
9/30/2025
Portfolio
6/30/2025
Portfolio
Average Maturity (yrs)0.00 0.00
Average Modified Duration 0.00 0.00
Average Purchase Yield 4.26%4.40%
Average Market Yield 4.25%4.40%
Average Quality**AAA AAA
Total Market Value 175,490,959 179,419,341
*Benchmark: NO BENCHMARK REQUIRED
**The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch.
26 45
SECTOR DISTRIBUTION
City of Dublin Reporting Account | Account #10219 | As of September 30, 2025
Sector as a Percentage of Market Value
Sector 09/30/2025 06/30/2025
LGIP 83.49%84.03%
LAIF 16.33%15.80%
Cash 0.17%0.17%
27 46
ISSUERS
City of Dublin Reporting Account | Account #10219 | As of September 30, 2025
Issuer Investment Type % Portfolio
California Asset Mgmt Program LGIP 83.49%
LAIF LAIF 16.33%
Cash Cash 0.17%
TOTAL 100.00%
28 47
CONSOLIDATED INFORMATION
29 48
PORTFOLIO CHARACTERISTICS
City of Dublin Cons | Account #10221 | As of September 30, 2025
9/30/2025
Portfolio
6/30/2025
Portfolio
Average Maturity (yrs)1.96 1.94
Average Modified Duration 1.63 1.61
Average Purchase Yield 4.19%4.18%
Average Market Yield 3.99%4.13%
Average Quality**AA+AA+
Total Market Value 491,548,468 491,535,614
*Benchmark: NO BENCHMARK REQUIRED
**The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch.
30 49
SECTOR DISTRIBUTION
City of Dublin Cons | Account #10221 | As of September 30, 2025
Sector as a Percentage of Market Value
Sector 09/30/2025 06/30/2025
US Treasury 30.86%29.54%
LGIP 29.94%30.83%
Corporate 16.00%15.80%
ABS 7.54%7.88%
LAIF 5.86%5.80%
Supras 5.23%5.56%
Agency CMBS 2.89%2.87%
Agency 1.48%1.48%
Money Mkt Fd 0.14%0.18%
Cash 0.06%0.06%
31 50
PORTFOLIO HOLDINGS
32 51
HOLDINGS REPORT
City of Dublin | Account #10198 | As of September 30, 2025
Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
ABS
47787JAC2 JDOT 2022 A3 2.32 09/15/2026 25,284.55 03/10/2022
2.34%
25,278.95
25,283.44
99.92
4.46%
25,263.98
26.07
0.01%
(19.46)
Aaa/NA
AAA
0.96
0.04
362585AC5 GMCAR 2022-2 A3 3.1
02/16/2027 68,140.15 04/05/2022
3.13%
68,125.91
68,136.44
99.88
4.30%
68,055.91
88.01
0.02%
(80.53)
Aaa/AAA
NA
1.38
0.10
47800AAC4 JDOT 2022-B A3 3.74 02/16/2027 220,533.32 07/12/2022
3.77%
220,512.26
220,527.22
99.86
4.30%
220,232.53
366.58
0.07%
(294.69)
Aaa/NA
AAA
1.38
0.26
448988AD7 HALST 2024-A A3 5.02
03/15/2027 727,651.63 01/17/2024
5.03%
727,513.74
727,587.85
100.28
4.26%
729,687.45
1,623.47
0.23%
2,099.60
NA/AAA
AAA
1.45
0.34
36269FAD8 GMALT 2024-1 A3 5.09
03/22/2027 824,545.39 02/08/2024
5.09%
824,442.32
824,496.45
100.32
4.17%
827,189.13
1,282.40
0.26%
2,692.67
NA/AAA
AAA
1.47
0.33
89238GAD3 TLOT 2024-A A3 5.25 04/20/2027 597,861.09 02/21/2024
5.25%
597,835.86
597,848.65
100.48
3.63%
600,703.56
959.07
0.19%
2,854.91
NA/AAA
AAA
1.55
0.28
47800BAC2 JDOT 2022-C A3 5.09 06/15/2027 431,094.82 10/12/2022
5.15%
431,061.36
431,082.80
100.33
4.32%
432,524.59
975.23
0.14%
1,441.79
Aaa/NA
AAA
1.71
0.40
36269WAD1 GMALT 2024-2 A3 5.39
07/20/2027 1,055,000.00 05/07/2024
5.85%
1,054,938.71
1,054,965.29
100.68
4.14%
1,062,222.21
1,737.53
0.34%
7,256.93
NA/AAA
AAA
1.80
0.52
58768PAC8 MBART 2022-1 A3 5.21
08/16/2027 793,545.84 11/15/2022
5.28%
793,388.88
793,484.67
100.37
4.14%
796,513.54
1,837.50
0.25%
3,028.87
Aaa/AAA
NA
1.88
0.33
891943AD4 TLOT 2024-B A3 4.21 09/20/2027 1,925,000.00 09/10/2024
4.21%
1,924,774.78
1,924,852.52
100.25
3.93%
1,929,783.05
2,476.30
0.61%
4,930.53
Aaa/NA
AAA
1.97
0.77
58770JAD6 MBALT 2024-A A3 5.32
01/18/2028 765,000.00 05/17/2024
5.73%
764,910.50
764,943.75
101.27
4.07%
774,727.13
1,808.80
0.25%
9,783.37
Aaa/NA
AAA
2.30
0.97
362583AD8 GMCAR 2023-2 A3 4.47
02/16/2028 338,399.27 04/04/2023
4.51%
338,389.96
338,394.71
100.18
4.10%
339,007.95
630.27
0.11%
613.24
Aaa/AAA
NA
2.38
0.43
36271VAD9 GMALT 2025-1 A3 4.66
02/21/2028 1,260,000.00 02/05/2025
4.66%
1,259,851.32
1,259,882.43
100.90
3.97%
1,271,300.56
1,794.10
0.41%
11,418.13
NA/AAA
AAA
2.39
1.21
05592XAD2 BMWOT 2023-A A3 5.47
02/25/2028 318,400.67 07/11/2023
5.47%
318,344.25
318,371.27
100.71
4.04%
320,649.50
290.28
0.10%
2,278.23
NA/AAA
AAA
2.41
0.47
44935DAD1 HALST 2025-B A3 4.53 04/17/2028 730,000.00 04/24/2025
4.53%
729,934.08
729,943.45
100.89
3.99%
736,479.92
1,469.73
0.23%
6,536.46
NA/AAA
AAA
2.55
1.51
89239FAD4 TAOT 2023-D A3 5.54 08/15/2028 973,883.40 11/07/2023
5.61%
973,778.41
973,819.96
101.15
4.08%
985,083.64
2,397.92
0.31%
11,263.68
NA/AAA
AAA
2.88
0.75
33 52
HOLDINGS REPORT
City of Dublin | Account #10198 | As of September 30, 2025
Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 3,090,000.00 09/07/2023
5.23%
3,089,143.45
3,089,493.66
101.21
3.90%
3,127,246.24
7,086.40
1.00%
37,752.58
NA/AAA
AAA
2.96
0.91
47800RAD5 JDOT 2024 A3 4.96 11/15/2028 550,000.00 03/11/2024
5.12%
549,969.20
549,979.35
101.09
4.09%
555,979.77
1,212.44
0.18%
6,000.41
Aaa/NA
AAA
3.13
1.17
437930AC4 HAROT 2024-2 A3 5.27
11/20/2028 1,000,000.00 05/14/2024
5.27%
999,878.50
999,915.30
101.36
3.89%
1,013,593.40
1,903.06
0.32%
13,678.10
NA/AAA
AAA
3.14
0.94
36268GAD7 GMCAR 2024-1 A3 4.85
12/18/2028 445,000.00 01/09/2024
4.91%
444,910.51
444,941.54
100.63
4.04%
447,808.35
899.27
0.14%
2,866.82
Aaa/NA
AAA
3.22
0.73
161571HV9 CHAIT 241 A 4.6 01/16/2029 1,910,000.00 01/24/2024
4.61%
1,909,709.11
1,909,806.88
100.95
3.88%
1,928,084.07
3,904.89
0.61%
18,277.19
NA/AAA
AAA
3.30
1.23
448973AD9 HART 2024-A A3 4.99 02/15/2029 1,170,000.00 03/11/2024
5.05%
1,169,742.02
1,169,822.60
100.99
3.97%
1,181,611.90
2,594.80
0.38%
11,789.30
NA/AAA
AAA
3.38
0.92
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 1,305,000.00 06/04/2024
5.18%
1,304,801.77
1,304,856.71
101.18
3.92%
1,320,383.34
1,126.65
0.42%
15,526.63
Aaa/AAA
NA
3.41
0.89
47786WAD2 JDOT 2024-B A3 5.2 03/15/2029 1,110,000.00 06/11/2024
5.81%
1,109,783.00
1,109,841.92
101.64
4.10%
1,128,257.17
2,565.33
0.36%
18,415.25
Aaa/NA
AAA
3.45
1.41
44934QAD3 HART 2024-B A3 4.84 03/15/2029 825,000.00 07/16/2024
5.45%
824,875.51
824,907.39
101.10
3.96%
834,050.83
1,774.67
0.27%
9,143.44
NA/AAA
AAA
3.45
1.17
43813YAC6 HAROT 2024-3 A3 4.57
03/21/2029 1,845,000.00 08/09/2024
4.66%
1,844,710.15
1,844,780.49
100.79
3.92%
1,859,643.77
2,342.13
0.59%
14,863.28
Aaa/NA
AAA
3.47
1.14
05522RDJ4 BACCT 2024-1 A 4.93 05/15/2029 1,480,000.00 06/06/2024
4.93%
1,479,916.97
1,479,939.14
101.69
3.88%
1,505,085.85
3,242.84
0.48%
25,146.71
Aaa/AAA
NA
3.62
1.53
47800DAD6 JDOT 2025 A3 4.23 09/17/2029 1,465,000.00 03/04/2025
5.09%
1,464,907.85
1,464,919.24
100.55
4.02%
1,473,049.30
2,754.20
0.47%
8,130.06
Aaa/NA
AAA
3.96
2.21
096924AD7 BMWOT 2025-A A3 4.56
09/25/2029 1,980,000.00 02/04/2025
4.56%
1,979,804.97
1,979,831.69
100.93
3.95%
1,998,380.14
1,504.80
0.64%
18,548.45
Aaa/AAA
NA
3.99
1.42
92970QAE5 WFCIT 2024-2 A 4.29 10/15/2029 1,645,000.00 10/17/2024
4.29%
1,644,755.55
1,644,801.56
100.83
3.90%
1,658,589.67
3,136.47
0.53%
13,788.11
Aaa/AAA
NA
4.04
1.92
02582JKP4 AMXCA 2025-2 A 4.28 04/15/2030 2,530,000.00 05/06/2025
4.28%
2,529,954.21
2,529,957.80
100.96
3.92%
2,554,169.09
4,812.62
0.81%
24,211.29
NA/AAA
AAA
4.54
2.36
362549AD9 GMCAR 2025-2 A3 4.28
04/16/2030 745,000.00 05/06/2025
4.71%
744,890.34
744,898.88
100.76
3.86%
750,676.45
1,328.58
0.24%
5,777.57
Aaa/AAA
NA
4.54
1.66
17305EHA6 CCCIT 2025-A1 A1 4.3 06/21/2030 2,400,000.00 06/18/2025
4.31%
2,399,348.88
2,399,383.56
101.04
3.89%
2,424,970.32
27,233.33
0.77%
25,586.76
Aaa/AAA
NA
4.72
2.52
34 53
HOLDINGS REPORT
City of Dublin | Account #10198 | As of September 30, 2025
Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
36,544,183.28 100.91 36,881,004.30 11.75%3.22
Total ABS 36,549,340.11 4.87%36,545,698.61 3.97%89,185.73 335,305.69 1.27
AGENCY
3130ATS57 FEDERAL HOME LOAN BANKS 4.5
03/10/2028 3,000,000.00 03/21/2023
4.01%
3,065,010.00
3,031,914.00
101.87
3.69%
3,056,053.86
7,875.00
0.97%
24,139.86
Aa1/AA+
AA+
2.44
2.29
880591EZ1 TENNESSEE VALLEY AUTHORITY
3.875 03/15/2028 2,645,000.00 --
3.73%
2,661,791.35
2,653,435.18
100.37
3.71%
2,654,878.31
4,555.28
0.85%
1,443.13
Aa1/AA+
AA+
2.46
2.32
3130AWMN7 FEDERAL HOME LOAN BANKS
4.375 06/09/2028 1,500,000.00 07/26/2023
4.27%
1,506,615.00
1,503,651.45
101.93
3.61%
1,528,924.01
20,416.67
0.49%
25,272.55
Aa1/AA+
AA+
2.69
2.49
7,233,416.35 101.33 7,239,856.17 2.31%2.50
Total Agency 7,145,000.00 3.97%7,189,000.63 3.68%32,846.94 50,855.54 2.34
AGENCY CMBS
3137BSRE5 FHMS K-059 A2 3.12 09/25/2026 1,999,330.22 02/18/2022
1.92%
2,084,926.55
2,016,708.87
99.15
3.89%
1,982,343.51
5,198.26
0.63%
(34,365.36)
Aa1/AAA
AAA
0.99
0.86
3137F4D41 FHMS K-074 A2 3.6 01/25/2028 1,000,000.00 07/25/2023
5.78%
954,414.06
976,840.76
99.28
3.86%
992,805.20
3,000.00
0.32%
15,964.44
Aa1/AA+
AAA
2.32
2.12
3137FG6X8 FHMS K-077 A2 3.85 05/25/2028 2,815,000.00 05/24/2023
4.65%
2,763,318.36
2,787,894.45
99.80
3.86%
2,809,449.10
9,031.46
0.90%
21,554.66
Aa1/AA+
AAA
2.65
2.40
3137FK4M5 FHMS K-085 A2 4.06 10/25/2028 1,100,000.00 10/30/2023
5.60%
1,038,253.91
1,062,298.77
100.33
3.88%
1,103,620.98
3,721.67
0.35%
41,322.21
Aaa/AA+
AA+
3.07
2.80
3137FKUP9 FHMS K-087 A2 3.771 12/25/2028 2,500,000.00 07/01/2024
4.86%
2,391,699.22
2,422,171.43
99.53
3.88%
2,488,263.50
7,856.25
0.79%
66,092.07
Aa1/AAA
AA+
3.24
2.83
3137H5YC5 FHMS K-748 A2 2.26 01/25/2029 2,000,000.00 08/26/2024
4.08%
1,855,937.50
1,892,089.38
94.85
3.94%
1,896,993.00
3,766.67
0.60%
4,903.62
Aa1/AA+
AAA
3.32
3.06
3137H9D71 FHMS K-750 A2 3.0 09/25/2029 2,955,000.00 10/18/2024
4.25%
2,801,478.52
2,831,161.65
96.63
3.98%
2,855,503.97
7,387.50
0.91%
24,342.32
Aa1/AA+
AAA
3.99
3.33
13,890,028.12 98.36 14,128,979.26 4.50%2.89
Total Agency CMBS 14,369,330.22 4.30%13,989,165.29 3.90%39,961.80 139,813.97 2.55
CASH
35 54
HOLDINGS REPORT
City of Dublin | Account #10198 | As of September 30, 2025
Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
CCYUSD Receivable 3,243.46 --3,243.46
3,243.46
1.00
0.00%
3,243.46
0.00
0.00%
0.00
Aaa/AAA
AAA
0.00
0.00
Total Cash 3,243.46
3,243.46
3,243.46
1.00
0.00%
3,243.46
0.00
0.00%
0.00
0.00
0.00
CORPORATE
91324PEC2 UNITEDHEALTH GROUP INC 1.15
05/15/2026 2,000,000.00 --
1.90%
1,939,210.15
1,991,027.07
98.20
4.11%
1,964,010.44
8,688.89
0.63%
(27,016.63)
A2/A+
A
0.62
0.61
89236TJK2 TOYOTA MOTOR CREDIT CORP
1.125 06/18/2026 2,485,000.00 06/15/2021
1.13%
2,483,906.60
2,484,844.31
97.99
4.01%
2,434,980.58
7,998.59
0.78%
(49,863.74)
A1/A+
A+
0.71
0.70
58989V2D5 MET TOWER GLOBAL FUNDING
1.25 09/14/2026 1,285,000.00 09/07/2021
1.27%
1,283,817.80
1,284,774.70
97.50
3.95%
1,252,853.91
758.51
0.40%
(31,920.78)
Aa3/AA-
AA-
0.96
0.93
06368FAC3 BANK OF MONTREAL 1.25
09/15/2026 2,500,000.00 --
1.29%
2,495,539.50
2,499,147.47
97.44
4.01%
2,436,023.60
1,388.89
0.78%
(63,123.87)
A2/A-
AA-
0.96
0.93
931142ER0 WALMART INC 1.05 09/17/2026 585,000.00 09/08/2021
1.09%
583,894.35
584,787.47
97.46
3.76%
570,151.28
238.88
0.18%
(14,636.18)
Aa2/AA
AA
0.96
0.94
59217GER6 METROPOLITAN LIFE GLOBAL
FUNDING I 1.875 01/11/2027 1,860,000.00 01/03/2022
1.90%
1,857,879.60
1,859,457.71
97.37
4.01%
1,811,028.92
7,750.00
0.58%
(48,428.79)
Aa3/AA-
AA-
1.28
1.24
87612EBM7 TARGET CORP 1.95 01/15/2027 1,340,000.00 01/19/2022
1.99%
1,337,722.00
1,339,409.50
97.63
3.85%
1,308,196.73
5,516.33
0.42%
(31,212.77)
A2/A
A
1.29
1.25
808513BY0 CHARLES SCHWAB CORP 2.45
03/03/2027 585,000.00 03/01/2022
2.47%
584,368.20
584,820.77
97.84
4.03%
572,346.43
1,114.75
0.18%
(12,474.34)
A2/A-
A
1.42
1.38
084664CZ2 BERKSHIRE HATHAWAY FINANCE
CORP 2.3 03/15/2027 2,295,000.00 03/07/2022
2.30%
2,294,563.95
2,294,873.43
97.92
3.78%
2,247,234.03
2,346.00
0.72%
(47,639.41)
Aa2/AA
A+
1.45
1.41
40139LBF9 GUARDIAN LIFE GLOBAL FUNDING
3.246 03/29/2027 765,000.00 03/24/2022
3.25%
765,000.00
765,000.00
98.97
3.97%
757,092.59
137.96
0.24%
(7,907.41)
Aa1/AA+
NA
1.49
1.44
023135CF1 AMAZON.COM INC 3.3
04/13/2027 1,750,000.00 04/25/2022
3.34%
1,746,972.50
1,749,066.02
99.27
3.80%
1,737,178.87
26,950.00
0.55%
(11,887.15)
A1/AA
AA-
1.53
1.46
46647PCB0 JPMORGAN CHASE & CO 1.578
04/22/2027 500,000.00 08/23/2022
4.95%
449,845.00
492,156.66
98.56
4.74%
492,814.42
3,484.75
0.16%
657.76
A1/A
AA-
1.56
0.54
927804GH1 VIRGINIA ELECTRIC AND POWER
CO 3.75 05/15/2027 1,000,000.00 --
3.75%
999,773.40
999,905.21
99.54
4.04%
995,424.04
14,166.67
0.32%
(4,481.17)
A3/BBB+
A
1.62
1.54
36 55
HOLDINGS REPORT
City of Dublin | Account #10198 | As of September 30, 2025
Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
931142EX7 WALMART INC 3.95 09/09/2027 1,500,000.00 --
3.97%
1,498,302.30
1,499,341.75
100.43
3.72%
1,506,462.09
3,620.83
0.48%
7,120.34
Aa2/AA
AA
1.94
1.77
89236TKJ3 TOYOTA MOTOR CREDIT CORP
4.55 09/20/2027 1,500,000.00 11/22/2022
4.88%
1,479,060.00
1,491,445.54
101.15
3.93%
1,517,302.10
2,085.42
0.48%
25,856.56
A1/A+
A+
1.97
1.87
023135CP9 AMAZON.COM INC 4.55
12/01/2027 1,000,000.00 01/17/2023
4.21%
1,014,400.00
1,006,272.69
101.50
3.82%
1,015,013.63
15,166.67
0.32%
8,740.94
A1/AA
AA-
2.17
1.95
89115A2M3 TORONTO-DOMINION BANK 5.156
01/10/2028 3,000,000.00 --
5.28%
2,984,380.00
2,992,233.34
102.38
4.05%
3,071,333.49
34,803.00
0.98%
79,100.15
A2/A-
AA-
2.28
2.11
756109AU8 REALTY INCOME CORP 3.65
01/15/2028 960,000.00 04/10/2023
4.87%
910,540.80
936,223.18
99.17
4.03%
952,014.94
7,397.33
0.30%
15,791.76
A3/A-
NA
2.29
2.16
24422EWR6 JOHN DEERE CAPITAL CORP 4.75
01/20/2028 2,000,000.00 01/23/2023
4.40%
2,030,780.00
2,014,215.26
101.92
3.87%
2,038,339.12
18,736.11
0.65%
24,123.86
A1/A
A+
2.31
2.15
06051GGF0 BANK OF AMERICA CORP 3.824
01/20/2028 3,000,000.00 --
5.88%
2,824,349.55
2,940,361.32
99.53
4.89%
2,986,045.86
22,625.33
0.95%
45,684.54
A1/A-
AA-
2.31
1.25
06368LGV2 BANK OF MONTREAL 5.203
02/01/2028 2,000,000.00 08/17/2023
5.56%
1,972,380.00
1,985,501.62
102.44
4.09%
2,048,884.30
17,343.33
0.65%
63,382.68
A2/A-
AA-
2.34
2.09
91324PEP3 UNITEDHEALTH GROUP INC 5.25
02/15/2028 1,500,000.00 02/21/2023
4.90%
1,522,890.00
1,510,708.47
102.68
4.05%
1,540,215.20
10,062.50
0.49%
29,506.72
A2/A+
A
2.38
2.13
46647PAF3 JPMORGAN CHASE & CO 3.54
05/01/2028 2,000,000.00 08/16/2023
6.06%
1,854,340.00
1,937,835.93
99.13
4.69%
1,982,520.38
29,500.00
0.63%
44,684.45
A1/A
AA-
2.59
1.50
58933YBH7 MERCK & CO INC 4.05 05/17/2028 3,500,000.00 --
4.06%
3,497,960.40
3,498,928.93
100.55
3.83%
3,519,087.99
52,762.50
1.12%
20,159.06
Aa3/A+
NA
2.63
2.36
06406RBG1 BANK OF NEW YORK MELLON
CORP 3.992 06/13/2028 1,500,000.00 10/26/2023
6.26%
1,395,930.00
1,451,192.59
99.96
4.47%
1,499,432.40
17,964.00
0.48%
48,239.81
Aa3/A
AA-
2.70
1.61
02665WEM9 AMERICAN HONDA FINANCE
CORP 5.125 07/07/2028 1,370,000.00 10/12/2023
5.60%
1,343,288.50
1,354,369.28
102.54
4.14%
1,404,840.10
16,382.92
0.45%
50,470.82
A3/A-
A
2.77
2.54
78016HZS2 ROYAL BANK OF CANADA 5.2
08/01/2028 2,500,000.00 09/07/2023
5.54%
2,464,100.00
2,479,195.69
103.12
4.02%
2,578,065.10
21,666.67
0.82%
98,869.41
A1/A
AA-
2.84
2.60
756109BS2 REALTY INCOME CORP 4.7
12/15/2028 1,300,000.00 --
4.98%
1,285,086.00
1,289,769.21
101.80
4.09%
1,323,375.47
17,990.56
0.42%
33,606.26
A3/A-
NA
3.21
2.85
91324PEU2 UNITEDHEALTH GROUP INC 4.25
01/15/2029 1,000,000.00 01/23/2024
4.61%
984,020.00
989,428.75
100.35
4.13%
1,003,487.29
8,972.22
0.32%
14,058.54
A2/A+
A
3.29
2.94
24422EXH7 JOHN DEERE CAPITAL CORP 4.5
01/16/2029 2,000,000.00 04/18/2024
5.16%
1,945,100.00
1,961,823.87
101.50
4.01%
2,030,009.18
18,750.00
0.65%
68,185.31
A1/A
A+
3.30
3.01
37 56
HOLDINGS REPORT
City of Dublin | Account #10198 | As of September 30, 2025
Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91159HJK7 US BANCORP 4.653 02/01/2029 1,250,000.00 04/11/2024
5.66%
1,207,450.00
1,223,831.90
101.11
4.50%
1,263,827.80
9,693.75
0.40%
39,995.90
A3/A
A
3.34
2.18
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029 1,565,000.00 02/21/2024
4.86%
1,564,452.25
1,564,627.04
102.61
4.02%
1,605,897.53
7,379.41
0.51%
41,270.50
A1/AA-
NA
3.41
3.03
14913UAJ9 CATERPILLAR FINANCIAL SERVICES
CORP 4.85 02/27/2029 2,000,000.00 08/26/2024
4.19%
2,053,700.00
2,040,642.25
102.69
4.00%
2,053,700.44
9,161.11
0.65%
13,058.19
A2/A
A+
3.41
3.11
00287YDS5 ABBVIE INC 4.8 03/15/2029 1,500,000.00 07/22/2024
4.68%
1,507,245.00
1,505,355.57
102.26
4.09%
1,533,941.42
3,200.00
0.49%
28,585.85
A3/A-
NA
3.45
3.09
61747YFD2 MORGAN STANLEY 5.164
04/20/2029 2,250,000.00 05/30/2024
5.44%
2,228,212.50
2,235,700.04
102.36
4.59%
2,303,170.94
51,962.75
0.73%
67,470.91
A1/A-
A+
3.55
2.32
437076DC3 HOME DEPOT INC 4.75
06/25/2029 1,875,000.00 07/18/2024
4.59%
1,887,993.75
1,884,772.83
102.41
4.05%
1,920,119.64
23,750.00
0.61%
35,346.82
A2/A
A
3.73
3.29
95000U3E1 WELLS FARGO & CO 5.574
07/25/2029 2,000,000.00 --
4.92%
2,042,675.00
2,033,412.00
103.64
4.60%
2,072,703.74
20,438.00
0.66%
39,291.74
A1/BBB+
A+
3.82
2.57
025816DH9 AMERICAN EXPRESS CO 5.282
07/27/2029 1,250,000.00 03/27/2025
4.67%
1,273,275.00
1,269,698.64
103.14
4.41%
1,289,215.79
11,554.38
0.41%
19,517.14
A2/A-
A
3.82
2.59
40139LBJ1 GUARDIAN LIFE GLOBAL FUNDING
4.179 09/26/2029 1,675,000.00 --
4.21%
1,672,866.75
1,673,298.61
99.95
4.19%
1,674,182.53
972.20
0.53%
883.92
Aa1/AA+
NA
3.99
3.63
57629TBV8 MASSMUTUAL GLOBAL FUNDING
II 4.95 01/10/2030 2,000,000.00 --
4.94%
2,000,626.35
2,000,636.86
102.54
4.29%
2,050,815.20
22,275.00
0.65%
50,178.34
Aa3/AA+
AA+
4.28
3.79
46647PEB8 JPMORGAN CHASE & CO 5.012
01/23/2030 1,500,000.00 03/19/2025
4.81%
1,510,215.00
1,508,797.26
102.45
4.48%
1,536,676.01
14,200.67
0.49%
27,878.75
A1/A
AA-
4.31
3.01
00287YDZ9 ABBVIE INC 4.875 03/15/2030 1,500,000.00 06/25/2025
4.39%
1,529,820.00
1,528,113.49
102.94
4.15%
1,544,040.72
3,250.00
0.49%
15,927.23
A3/A-
NA
4.45
3.91
61747YFQ3 MORGAN STANLEY 5.656
04/18/2030 1,250,000.00 06/04/2025
4.70%
1,291,937.50
1,288,435.29
104.42
4.52%
1,305,268.20
32,011.39
0.42%
16,832.91
A1/A-
A+
4.55
3.13
38141GA87 GOLDMAN SACHS GROUP INC
5.727 04/25/2030 1,500,000.00 08/08/2025
4.46%
1,564,140.00
1,561,722.31
104.62
4.53%
1,569,363.30
37,225.50
0.50%
7,640.99
A2/BBB+
A
4.57
3.14
747525BU6 QUALCOMM INC 4.5 05/20/2030 1,500,000.00 07/08/2025
4.41%
1,505,535.00
1,505,268.71
101.53
4.13%
1,522,942.83
24,375.00
0.49%
17,674.12
A2/A
NA
4.64
4.02
74464AAC5 PUBLIC STORAGE OPERATING CO
4.375 07/01/2030 1,000,000.00 07/23/2025
4.50%
994,710.00
994,912.45
100.46
4.27%
1,004,605.86
11,059.03
0.32%
9,693.41
A2/A
NA
4.75
4.14
06051GHV4 BANK OF AMERICA CORP 3.194
07/23/2030 1,500,000.00 09/17/2025
4.42%
1,449,030.00
1,449,404.57
96.32
4.48%
1,444,796.12
9,049.67
0.46%
(4,608.45)
A1/A-
AA-
4.81
3.52
38 57
HOLDINGS REPORT
City of Dublin | Account #10198 | As of September 30, 2025
Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
Total Corporate 77,695,000.00 4.25%
77,113,284.70
77,536,747.55
100.81
4.16%
78,291,032.53
687,927.44
24.95%
754,284.98
2.73
2.26
MONEY MARKET
FUND
31846V203 FIRST AMER:GVT OBLG Y 694,171.71 --
3.73%
694,171.71
694,171.71
1.00
3.73%
694,171.71
0.00
0.22%
0.00
Aaa/AAAm
AAA
0.00
0.00
Total Money Market
Fund 694,171.71 3.73%
694,171.71
694,171.71
1.00
3.73%
694,171.71
0.00
0.22%
0.00
0.00
0.00
SUPRANATIONAL
4581X0DV7 INTER-AMERICAN DEVELOPMENT
BANK 0.875 04/20/2026 4,615,000.00 04/13/2021
0.97%
4,593,863.30
4,612,673.34
98.33
3.95%
4,538,096.70
18,059.39
1.45%
(74,576.64)
Aaa/AAA
NA
0.55
0.54
459058KT9
INTERNATIONAL BANK FOR
RECONSTRUCTION AND
DEVELOPM 3.5 07/12/2028
5,000,000.00 --
4.35%
4,813,059.00
4,894,162.02
99.52
3.68%
4,975,955.50
38,402.78
1.59%
81,793.48
Aaa/AAA
NA
2.78
2.61
45950KDD9 INTERNATIONAL FINANCE CORP
4.5 07/13/2028 1,605,000.00 07/06/2023
4.53%
1,603,218.45
1,604,009.27
102.13
3.68%
1,639,245.15
15,648.75
0.52%
35,235.87
Aaa/AAA
NA
2.79
2.58
4581X0DC9 INTER-AMERICAN DEVELOPMENT
BANK 3.125 09/18/2028 3,360,000.00 --
4.33%
3,187,150.40
3,252,981.31
98.45
3.68%
3,308,050.20
3,791.67
1.05%
55,068.89
Aaa/AAA
NA
2.97
2.80
4581X0EN4 INTER-AMERICAN DEVELOPMENT
BANK 4.125 02/15/2029 3,000,000.00 02/15/2024
4.34%
2,970,690.00
2,980,165.08
101.33
3.70%
3,039,985.95
15,812.50
0.97%
59,820.87
Aaa/AAA
NA
3.38
3.11
459058LN1
INTERNATIONAL BANK FOR
RECONSTRUCTION AND
DEVELOPM 3.875 10/16/2029
3,000,000.00 10/22/2024
4.08%
2,972,640.00
2,977,799.14
100.53
3.73%
3,015,788.82
53,280.00
0.96%
37,989.68
Aaa/AAA
NA
4.04
3.65
459058LR2
INTERNATIONAL BANK FOR
RECONSTRUCTION AND
DEVELOPM 4.125 03/20/2030
5,000,000.00 03/25/2025
4.23%
4,977,250.00
4,979,612.50
101.48
3.76%
5,074,035.55
6,302.08
1.62%
94,423.05
Aaa/AAA
NA
4.47
4.05
Total Supranational 25,580,000.00 3.70%
25,117,871.15
25,301,402.67
100.06
3.75%
25,591,157.87
151,297.17
8.15%
289,755.19
2.97
2.73
US TREASURY
39 58
HOLDINGS REPORT
City of Dublin | Account #10198 | As of September 30, 2025
Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
912828Z78 UNITED STATES TREASURY 1.5
01/31/2027 2,250,000.00 --
2.15%
2,183,642.58
2,231,528.28
97.17
3.70%
2,186,367.19
5,686.14
0.70%
(45,161.09)
Aa1/AA+
AA+
1.34
1.30
91282CEN7 UNITED STATES TREASURY 2.75
04/30/2027 7,000,000.00 --
3.55%
6,761,484.38
6,919,061.23
98.62
3.65%
6,903,476.58
80,557.07
2.20%
(15,584.65)
Aa1/AA+
AA+
1.58
1.51
91282CEW7 UNITED STATES TREASURY 3.25
06/30/2027 9,000,000.00 --
3.22%
9,018,066.41
9,004,895.25
99.35
3.63%
8,941,640.58
73,919.84
2.85%
(63,254.67)
Aa1/AA+
AA+
1.75
1.67
91282CFM8 UNITED STATES TREASURY 4.125
09/30/2027 10,000,000.00 --
3.95%
10,074,062.50
10,030,906.67
100.96
3.62%
10,096,484.40
1,133.24
3.22%
65,577.73
Aa1/AA+
AA+
2.00
1.90
91282CGC9 UNITED STATES TREASURY 3.875
12/31/2027 10,000,000.00 --
3.70%
10,078,828.13
10,035,955.83
100.55
3.62%
10,055,078.10
97,927.99
3.20%
19,122.27
Aa1/AA+
AA+
2.25
2.12
91282CGT2 UNITED STATES TREASURY 3.625
03/31/2028 7,000,000.00 --
3.58%
7,014,042.96
7,007,162.31
100.03
3.61%
7,001,914.08
697.12
2.23%
(5,248.23)
Aa1/AA+
AA+
2.50
2.37
91282CHE4 UNITED STATES TREASURY 3.625
05/31/2028 4,500,000.00 --
4.07%
4,412,773.44
4,452,534.38
100.02
3.62%
4,500,703.13
54,820.70
1.43%
48,168.75
Aa1/AA+
AA+
2.67
2.49
91282CHQ7 UNITED STATES TREASURY 4.125
07/31/2028 9,000,000.00 --
4.51%
8,848,203.13
8,911,636.13
101.33
3.63%
9,119,531.25
62,547.55
2.91%
207,895.12
Aa1/AA+
AA+
2.84
2.64
91282CJA0 UNITED STATES TREASURY 4.625
09/30/2028 3,750,000.00 --
4.92%
3,702,089.84
3,720,935.66
102.81
3.63%
3,855,468.75
476.48
1.23%
134,533.09
Aa1/AA+
AA+
3.00
2.79
91282CJN2 UNITED STATES TREASURY 4.375
11/30/2028 5,500,000.00 --
4.03%
5,584,941.41
5,554,491.35
102.16
3.64%
5,618,808.58
80,865.78
1.79%
64,317.23
Aa1/AA+
AA+
3.17
2.90
91282CJR3 UNITED STATES TREASURY 3.75
12/31/2028 5,500,000.00 --
4.00%
5,438,359.38
5,459,434.00
100.32
3.64%
5,517,402.33
52,122.96
1.76%
57,968.33
Aa1/AA+
AA+
3.25
3.01
91282CKD2 UNITED STATES TREASURY 4.25
02/28/2029 13,000,000.00 --
4.44%
12,891,953.13
12,924,148.54
101.90
3.65%
13,247,304.72
47,313.54
4.22%
323,156.18
Aa1/AA+
AA+
3.41
3.15
91282CKP5 UNITED STATES TREASURY 4.625
04/30/2029 12,250,000.00 --
4.42%
12,359,384.76
12,330,630.30
103.19
3.67%
12,640,947.24
237,094.09
4.03%
310,316.94
Aa1/AA+
AA+
3.58
3.23
91282CKX8 UNITED STATES TREASURY 4.25
06/30/2029 6,500,000.00 --
3.96%
6,581,855.47
6,562,851.76
101.99
3.68%
6,629,238.27
69,813.18
2.11%
66,386.51
Aa1/AA+
AA+
3.75
3.41
91282CLK5 UNITED STATES TREASURY 3.625
08/31/2029 2,500,000.00 09/26/2024
3.55%
2,508,203.13
2,506,520.55
99.76
3.69%
2,493,945.30
7,760.70
0.79%
(12,575.25)
Aa1/AA+
AA+
3.92
3.61
91282CLN9 UNITED STATES TREASURY 3.5
09/30/2029 3,000,000.00 --
3.97%
2,937,480.47
2,949,397.19
99.29
3.69%
2,978,789.07
288.46
0.95%
29,391.88
Aa1/AA+
AA+
4.00
3.70
91282CFY2 UNITED STATES TREASURY 3.875
11/30/2029 10,000,000.00 --
4.32%
9,801,914.06
9,833,084.79
100.64
3.71%
10,064,453.10
130,225.41
3.21%
231,368.31
Aa1/AA+
AA+
4.17
3.77
40 59
HOLDINGS REPORT
City of Dublin | Account #10198 | As of September 30, 2025
Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CMG3 UNITED STATES TREASURY 4.25
01/31/2030 6,250,000.00 --
4.15%
6,277,187.51
6,274,496.03
102.12
3.72%
6,382,324.25
44,752.04
2.03%
107,828.22
Aa1/AA+
AA+
4.34
3.91
91282CMZ1 UNITED STATES TREASURY 3.875
04/30/2030 7,500,000.00 --
3.85%
7,509,785.16
7,509,038.00
100.63
3.72%
7,547,460.90
121,620.24
2.40%
38,422.90
Aa1/AA+
AA+
4.58
4.10
91282CHR5 UNITED STATES TREASURY 4.0
07/31/2030 8,750,000.00 --
3.79%
8,829,609.37
8,828,647.87
101.13
3.74%
8,848,779.28
58,967.39
2.82%
20,131.40
Aa1/AA+
AA+
4.83
4.33
91282CPA3 UNITED STATES TREASURY 3.625
09/30/2030 6,400,000.00 09/26/2025
3.77%
6,359,500.00
6,359,522.18
99.49
3.74%
6,367,500.03
637.36
2.03%
7,977.85
Aa1/AA+
AA+
5.00
4.53
Total US Treasury 149,650,000.00 3.98%
149,173,367.22
149,406,878.29
100.92
3.66%
150,997,617.11
1,229,227.28
48.11%
1,590,738.82
3.25
2.98
Total Portfolio 311,686,085.50 4.15%
309,769,565.99
310,666,308.22
100.49
3.84%
313,827,062.41
2,230,446.37
100.00%
3,160,754.19
3.05
2.54
Total Market Value +
Accrued 316,057,508.77
41 60
HOLDINGS REPORT
City of Dublin Reporting Account | Account #10219 | As of September 30, 2025
Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
CASH
CCYUSD Receivable 305,969.40 --305,969.40
305,969.40
1.00
0.00%
305,969.40
0.00
0.17%
0.00
Aaa/AAA
AAA
0.00
0.00
Total Cash 305,969.40
305,969.40
305,969.40
1.00
0.00%
305,969.40
0.00
0.17%
0.00
0.00
0.00
LAIF
90LAIF$00 Local Agency Investment Fund
State Pool 28,659,579.52 --
4.20%
28,659,579.52
28,659,579.52
1.00
4.20%
28,659,579.52
0.00
16.33%
0.00
NA/NA
NA
0.00
0.00
Total LAIF 28,659,579.52 4.20%
28,659,579.52
28,659,579.52
1.00
4.20%
28,659,579.52
0.00
16.33%
0.00
0.00
0.00
LOCAL GOV
INVESTMENT POOL
90CAMP$00 CAMP 146,525,410.55 --
4.27%
146,525,410.55
146,525,410.55
1.00
4.27%
146,525,410.55
0.00
83.49%
0.00
NA/AAAm
NA
0.00
0.00
Total Local Gov
Investment Pool 146,525,410.55 4.27%
146,525,410.55
146,525,410.55
1.00
4.27%
146,525,410.55
0.00
83.49%
0.00
0.00
0.00
Total Portfolio 175,490,959.47 4.26%
175,490,959.47
175,490,959.47
1.00
4.25%
175,490,959.47
0.00
100.00%
0.00
0.00
0.00
Total Market Value +
Accrued 175,490,959.47
42 61
TRANSACTIONS
43 62
TRANSACTION LEDGER
City of Dublin | Account #10198|07/01/2025 Through 09/30/2025|
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp
Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 07/09/2025 747525BU6 1,500,000.00 QUALCOMM INC 4.5
05/20/2030 100.369 4.41%(1,505,535.00)(9,000.00)(1,514,535.00)0.00
Purchase 07/24/2025 74464AAC5 1,000,000.00
PUBLIC STORAGE
OPERATING CO 4.375
07/01/2030
99.471 4.50%(994,710.00)(2,916.67)(997,626.67)0.00
Purchase 07/31/2025 91282CHR5 3,000,000.00
UNITED STATES
TREASURY 4.0
07/31/2030
100.172 3.96%(3,005,156.25)0.00 (3,005,156.25)0.00
Purchase 08/11/2025 38141GA87 1,500,000.00
GOLDMAN SACHS
GROUP INC 5.727
04/25/2030
104.276 4.46%(1,564,140.00)(25,294.25)(1,589,434.25)0.00
Purchase 08/29/2025 91282CHR5 2,750,000.00
UNITED STATES
TREASURY 4.0
07/31/2030
101.297 3.71%(2,785,664.06)(8,668.48)(2,794,332.54)0.00
Purchase 09/18/2025 06051GHV4 1,500,000.00
BANK OF AMERICA
CORP 3.194
07/23/2030
96.602 4.42%(1,449,030.00)(7,319.58)(1,456,349.58)0.00
Purchase 09/25/2025 91282CHR5 3,000,000.00
UNITED STATES
TREASURY 4.0
07/31/2030
101.293 3.71%(3,038,789.06)(18,260.87)(3,057,049.93)0.00
Purchase 09/30/2025 91282CPA3 6,400,000.00
UNITED STATES
TREASURY 3.625
09/30/2030
99.367 3.77%(6,359,500.00)0.00 (6,359,500.00)0.00
Total Purchase 20,650,000.00 (20,702,524.37)(71,459.85)(20,773,984.22)0.00
TOTAL
ACQUISITIONS 20,650,000.00 (20,702,524.37)(71,459.85)(20,773,984.22)0.00
DISPOSITIONS
Maturity 07/01/2025 66815L2J7 (2,500,000.00)
NORTHWESTERN
MUTUAL GLOBAL
FUNDING 4.0
07/01/2025
100.000 4.01%2,500,000.00 0.00 2,500,000.00 0.00
Maturity 07/15/2025 4581X0DN5 (1,685,000.00)
INTER-AMERICAN
DEVELOPMENT BANK
0.625 07/15/2025
100.000 0.53%1,685,000.00 0.00 1,685,000.00 0.00
44 63
TRANSACTION LEDGER
City of Dublin | Account #10198|07/01/2025 Through 09/30/2025|
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp
Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
Total Maturity (4,185,000.00)4,185,000.00 0.00 4,185,000.00 0.00
Sale 08/07/2025 89114QCK2 (1,000,000.00)TORONTO-DOMINION
BANK 0.75 09/11/2025 99.669 0.81%996,690.00 3,041.67 999,731.67 (3,251.81)
Sale 08/29/2025 91282CCW9 (1,000,000.00)
UNITED STATES
TREASURY 0.75
08/31/2026
96.930 0.77%969,296.88 3,709.24 973,006.12 (30,553.95)
Sale 09/18/2025 14913R3A3 (1,375,000.00)
CATERPILLAR
FINANCIAL SERVICES
CORP 3.6 08/12/2027
99.737 3.89%1,371,383.75 4,950.00 1,376,333.75 3,231.42
Sale 09/25/2025 91282CDG3 (3,000,000.00)
UNITED STATES
TREASURY 1.125
10/31/2026
97.234 1.25%2,917,031.25 13,573.37 2,930,604.62 (78,999.42)
Sale 09/29/2025 912828Z78 (2,250,000.00)
UNITED STATES
TREASURY 1.5
01/31/2027
97.152 2.15%2,185,927.73 5,502.72 2,191,430.45 (45,524.69)
Sale 09/29/2025 91282CCW9 (1,000,000.00)
UNITED STATES
TREASURY 0.75
08/31/2026
97.297 0.77%972,968.75 600.83 973,569.58 (26,894.68)
Sale 09/29/2025 91282CDG3 (2,000,000.00)
UNITED STATES
TREASURY 1.125
10/31/2026
97.219 1.25%1,944,375.00 9,293.48 1,953,668.48 (53,005.17)
Total Sale (11,625,000.00)11,357,673.36 40,671.31 11,398,344.67 (234,998.30)
TOTAL
DISPOSITIONS (15,810,000.00)15,542,673.36 40,671.31 15,583,344.67 (234,998.30)
45 64
TRANSACTION LEDGER
City of Dublin Reporting Account | Account #10219|07/01/2025 Through 09/30/2025|
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp
Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 07/08/2025 90CAMP$00 1,500,000.00 CAMP 1.000 (1,500,000.00)0.00 (1,500,000.00)0.00
Purchase 07/15/2025 90LAIF$00 310,592.67
Local Agency
Investment Fund State
Pool
1.000 4.26%(310,592.67)0.00 (310,592.67)0.00
Purchase 07/31/2025 90CAMP$00 546,037.64 CAMP 1.000 (546,037.64)0.00 (546,037.64)0.00
Purchase 08/29/2025 90CAMP$00 513,808.19 CAMP 1.000 (513,808.19)0.00 (513,808.19)0.00
Purchase 09/04/2025 90CAMP$00 2,900,000.00 CAMP 1.000 (2,900,000.00)0.00 (2,900,000.00)0.00
Purchase 09/09/2025 90CAMP$00 1,600,000.00 CAMP 1.000 (1,600,000.00)0.00 (1,600,000.00)0.00
Purchase 09/25/2025 90CAMP$00 8,300,000.00 CAMP 1.000 (8,300,000.00)0.00 (8,300,000.00)0.00
Purchase 09/30/2025 90CAMP$00 496,886.83 CAMP 1.000 (496,886.83)0.00 (496,886.83)0.00
Total Purchase 16,167,325.33 (16,167,325.33)0.00 (16,167,325.33)0.00
TOTAL
ACQUISITIONS 16,167,325.33 (16,167,325.33)0.00 (16,167,325.33)0.00
DISPOSITIONS
Sale 07/15/2025 90CAMP$00 (10,900,000.00)CAMP 1.000 10,900,000.00 0.00 10,900,000.00 0.00
Sale 07/22/2025 90CAMP$00 (700,000.00)CAMP 1.000 700,000.00 0.00 700,000.00 0.00
Sale 08/18/2025 90CAMP$00 (8,500,000.00)CAMP 1.000 8,500,000.00 0.00 8,500,000.00 0.00
Total Sale (20,100,000.00)20,100,000.00 0.00 20,100,000.00 0.00
TOTAL
DISPOSITIONS (20,100,000.00)20,100,000.00 0.00 20,100,000.00 0.00
46 65
IMPORTANT DISCLOSURES
City of Dublin | As of September 30, 2025
2025 Chandler Asset Management, Inc, An Independent Registered Investment Adviser.
Information contained herein is confidential. Prices are provided by ICE Data Services Inc (“IDS”), an independent pricing source. In the event IDS does not provide a price or if the
price provided is not reflective of fair market value, Chandler will obtain pricing from an alternative approved third party pricing source in accordance with our written valuation
policy and procedures. Our valuation procedures are also disclosed in Item 5 of our Form ADV Part 2A.
Performance results are presented gross-of-advisory fees and represent the client’s Total Return. The deduction of advisory fees lowers performance results. These results include
the reinvestment of dividends and other earnings. Past performance may not be indicative of future results. Therefore, clients should not assume that future performance of any
specific investment or investment strategy will be profitable or equal to past performance levels. All investment strategies have the potential for profit or loss. Economic factors,
market conditions or changes in investment strategies, contributions or withdrawals may materially alter the performance and results of your portfolio.
Index returns assume reinvestment of all distributions. Historical performance results for investment indexes generally do not reflect the deduction of transaction and/or
custodial charges or the deduction of an investment management fee, the incurrence of which would have the effect of decreasing historical performance results. It is not
possible to invest directly in an index.
Source ICE Data Indices, LLC (“ICE”), used with permission. ICE permits use of the ICE indices and related data on an “as is” basis; ICE, its affiliates and their respective third party
suppliers disclaim any and all warranties and representations, express and/or implied, including any warranties of merchantability or fitness for a particular purpose or use,
including the indices, index data and any data included in, related to, or derived therefrom. Neither ICE data, its affiliates or their respective third party providers guarantee the
quality, adequacy, accuracy, timeliness or completeness of the indices or the index data or any component thereof, and the indices and index data and all components thereof
are provided on an “as is” basis and licensee’s use it at licensee’s own risk. ICE data, its affiliates and their respective third party do not sponsor, endorse, or recommend chandler
asset management, or any of its products or services.
This report is provided for informational purposes only and should not be construed as a specific investment or legal advice. The information contained herein was obtained from
sources believed to be reliable as of the date of publication, but may become outdated or superseded at any time without notice. Any opinions or views expressed are based on
current market conditions and are subject to change. This report may contain forecasts and forward-looking statements which are inherently limited and should not be relied
upon as indicator of future results. Past performance is not indicative of future results. This report is not intended to constitute an offer, solicitation, recommendation or advice
regarding any securities or investment strategy and should not be regarded by recipients as a substitute for the exercise of their own judgment.
Fixed income investments are subject to interest, credit and market risk. Interest rate risk: the value of fixed income investments will decline as interest rates rise. Credit risk: the
possibility that the borrower may not be able to repay interest and principal. Low rated bonds generally have to pay higher interest rates to attract investors willing to take on
greater risk. Market risk: the bond market in general could decline due to economic conditions, especially during periods of rising interest rates.
Ratings information have been provided by Moody’s, S&P and Fitch through data feeds we believe to be reliable as of the date of this statement, however we cannot guarantee
its accuracy.
Security level ratings for U.S. Agency issued mortgage-backed securities (“MBS”) reflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency
guarantees the full and timely payment of both principal and interest.
47 66
BENCHMARK DISCLOSURES
City of Dublin | Account #10198 | As of September 30, 2025
Benchmark Disclosure
ICE BofA 1-5 Yr US Treasury & Agency Index
The ICE BofA 1-5 Year US Treasury & Agency Index tracks the performance of US dollar denominated US Treasury and
nonsubordinated US agency debt issued in the US domestic market. Qualifying securities must have an investment grade rating
(based on an average of Moody’s, S&P and Fitch). Qualifying securities must have at least one year remaining term to final
maturity and less than five years remaining term to final maturity, at least 18 months to maturity at time of issuance, a fixed
coupon schedule, and a minimum amount outstanding of $1 billion for sovereigns and $250 million for agencies.
48 67
TRANSACTION LEDGER
City of Dublin | Account #10198|07/01/2025 Through 09/30/2025|
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp
Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 07/09/2025 747525BU6 1,500,000.00 QUALCOMM INC 4.5
05/20/2030 100.369 4.41%(1,505,535.00)(9,000.00)(1,514,535.00)0.00
Purchase 07/24/2025 74464AAC5 1,000,000.00
PUBLIC STORAGE
OPERATING CO 4.375
07/01/2030
99.471 4.50%(994,710.00)(2,916.67)(997,626.67)0.00
Purchase 07/31/2025 91282CHR5 3,000,000.00
UNITED STATES
TREASURY 4.0
07/31/2030
100.172 3.96%(3,005,156.25)0.00 (3,005,156.25)0.00
Purchase 08/11/2025 38141GA87 1,500,000.00
GOLDMAN SACHS
GROUP INC 5.727
04/25/2030
104.276 4.46%(1,564,140.00)(25,294.25)(1,589,434.25)0.00
Purchase 08/29/2025 91282CHR5 2,750,000.00
UNITED STATES
TREASURY 4.0
07/31/2030
101.297 3.71%(2,785,664.06)(8,668.48)(2,794,332.54)0.00
Purchase 09/18/2025 06051GHV4 1,500,000.00
BANK OF AMERICA
CORP 3.194
07/23/2030
96.602 4.42%(1,449,030.00)(7,319.58)(1,456,349.58)0.00
Purchase 09/25/2025 91282CHR5 3,000,000.00
UNITED STATES
TREASURY 4.0
07/31/2030
101.293 3.71%(3,038,789.06)(18,260.87)(3,057,049.93)0.00
Purchase 09/30/2025 91282CPA3 6,400,000.00
UNITED STATES
TREASURY 3.625
09/30/2030
99.367 3.77%(6,359,500.00)0.00 (6,359,500.00)0.00
Total Purchase 20,650,000.00 (20,702,524.37)(71,459.85)(20,773,984.22)0.00
TOTAL
ACQUISITIONS 20,650,000.00 (20,702,524.37)(71,459.85)(20,773,984.22)0.00
DISPOSITIONS
Maturity 07/01/2025 66815L2J7 (2,500,000.00)
NORTHWESTERN
MUTUAL GLOBAL
FUNDING 4.0
07/01/2025
100.000 4.01%2,500,000.00 0.00 2,500,000.00 0.00
Maturity 07/15/2025 4581X0DN5 (1,685,000.00)
INTER-AMERICAN
DEVELOPMENT BANK
0.625 07/15/2025
100.000 0.53%1,685,000.00 0.00 1,685,000.00 0.00
44
Attachment 2
68
TRANSACTION LEDGER
City of Dublin | Account #10198|07/01/2025 Through 09/30/2025|
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp
Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
Total Maturity (4,185,000.00)4,185,000.00 0.00 4,185,000.00 0.00
Sale 08/07/2025 89114QCK2 (1,000,000.00)TORONTO-DOMINION
BANK 0.75 09/11/2025 99.669 0.81%996,690.00 3,041.67 999,731.67 (3,251.81)
Sale 08/29/2025 91282CCW9 (1,000,000.00)
UNITED STATES
TREASURY 0.75
08/31/2026
96.930 0.77%969,296.88 3,709.24 973,006.12 (30,553.95)
Sale 09/18/2025 14913R3A3 (1,375,000.00)
CATERPILLAR
FINANCIAL SERVICES
CORP 3.6 08/12/2027
99.737 3.89%1,371,383.75 4,950.00 1,376,333.75 3,231.42
Sale 09/25/2025 91282CDG3 (3,000,000.00)
UNITED STATES
TREASURY 1.125
10/31/2026
97.234 1.25%2,917,031.25 13,573.37 2,930,604.62 (78,999.42)
Sale 09/29/2025 912828Z78 (2,250,000.00)
UNITED STATES
TREASURY 1.5
01/31/2027
97.152 2.15%2,185,927.73 5,502.72 2,191,430.45 (45,524.69)
Sale 09/29/2025 91282CCW9 (1,000,000.00)
UNITED STATES
TREASURY 0.75
08/31/2026
97.297 0.77%972,968.75 600.83 973,569.58 (26,894.68)
Sale 09/29/2025 91282CDG3 (2,000,000.00)
UNITED STATES
TREASURY 1.125
10/31/2026
97.219 1.25%1,944,375.00 9,293.48 1,953,668.48 (53,005.17)
Total Sale (11,625,000.00)11,357,673.36 40,671.31 11,398,344.67 (234,998.30)
TOTAL
DISPOSITIONS (15,810,000.00)15,542,673.36 40,671.31 15,583,344.67 (234,998.30)
45 69
TRANSACTION LEDGER
City of Dublin Reporting Account | Account #10219|07/01/2025 Through 09/30/2025|
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp
Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 07/08/2025 90CAMP$00 1,500,000.00 CAMP 1.000 (1,500,000.00)0.00 (1,500,000.00)0.00
Purchase 07/15/2025 90LAIF$00 310,592.67
Local Agency
Investment Fund State
Pool
1.000 4.26%(310,592.67)0.00 (310,592.67)0.00
Purchase 07/31/2025 90CAMP$00 546,037.64 CAMP 1.000 (546,037.64)0.00 (546,037.64)0.00
Purchase 08/29/2025 90CAMP$00 513,808.19 CAMP 1.000 (513,808.19)0.00 (513,808.19)0.00
Purchase 09/04/2025 90CAMP$00 2,900,000.00 CAMP 1.000 (2,900,000.00)0.00 (2,900,000.00)0.00
Purchase 09/09/2025 90CAMP$00 1,600,000.00 CAMP 1.000 (1,600,000.00)0.00 (1,600,000.00)0.00
Purchase 09/25/2025 90CAMP$00 8,300,000.00 CAMP 1.000 (8,300,000.00)0.00 (8,300,000.00)0.00
Purchase 09/30/2025 90CAMP$00 496,886.83 CAMP 1.000 (496,886.83)0.00 (496,886.83)0.00
Total Purchase 16,167,325.33 (16,167,325.33)0.00 (16,167,325.33)0.00
TOTAL
ACQUISITIONS 16,167,325.33 (16,167,325.33)0.00 (16,167,325.33)0.00
DISPOSITIONS
Sale 07/15/2025 90CAMP$00 (10,900,000.00)CAMP 1.000 10,900,000.00 0.00 10,900,000.00 0.00
Sale 07/22/2025 90CAMP$00 (700,000.00)CAMP 1.000 700,000.00 0.00 700,000.00 0.00
Sale 08/18/2025 90CAMP$00 (8,500,000.00)CAMP 1.000 8,500,000.00 0.00 8,500,000.00 0.00
Total Sale (20,100,000.00)20,100,000.00 0.00 20,100,000.00 0.00
TOTAL
DISPOSITIONS (20,100,000.00)20,100,000.00 0.00 20,100,000.00 0.00
46 70
Page 1 of 2
Glossary of Investment Categories
Local Agency Investment Pools - Also referred to as Local Government Investment
Pools (LGIPs) — are investment vehicles that allow California public entities such as
counties, cities, school districts, and special districts to pool their funds together and
invest them collectively. These pools are designed to provide safety, liquidity, and
competitive yields by leveraging economies of scale and professional investment
management.
LAIF (Local Agency Investment Fund) - A voluntary investment program established
by state statute in 1977, that Enables local agencies to invest funds in a large,
professionally managed portfolio overseen by the State Treasurer’s Office.
CAMP (California Asset Management Program) - Joint Powers Authority investment
pool created for California public agencies to invest funds in a professionally managed,
diversified portfolio that prioritizes safety, liquidity, and yield. Managed by PFM Asset
Management LLC, CAMP offers daily liquidity and compliance with California
Government Code for public investments.
Agency - Federal agency securities and/or Government-sponsored enterprises.
Examples of well-known agencies that issue bonds are Federal Home Loan Mortgage
Corporation (FHLMC or "Freddie Mac"), Federal National Mortgage Association (FNMA
or "Fannie Mae"), and the Federal Home Loan Bank.
Cash – Includes cash on hand, receivables, payables.
Commercial Paper - An unsecured promissory note of industrial corporations, utilities
and bank holding companies having assets in excess of $500 million and an "A" or
higher rating for the issuer's debentures. Interest is discounted from par and calculated
using the actual number of days on a 360-day year. The notes are in bearer form,
mature from one to 270 days and generally start at $100,000. There is a secondary
market for commercial paper and an investor may sell them prior to maturity. Unused
lines of credit back commercial paper from major banks.
Agency CMBS (Commercial Mortgage-Backed Securities) - Mortgage-backed
securities issued or guaranteed by government-sponsored enterprises like Fannie Mae,
Freddie Mac, or Ginnie Mae, backed by pools of commercial real estate loans.
Money Market - Mutual funds that invest solely in money market instruments (short-
term debt instruments, such as Treasury bills, commercial paper, bankers' acceptances,
and federal funds).
Supranational - International financial institutions formed by multiple countries to
promote economic development and cooperation, such as the World Bank or the Inter -
American Development Bank. Bonds issued by supranationals are typically high -quality,
Attachment 3
71
Page 2 of 2
low-risk investments, often used by governments and institutional inve stors for
diversification and stability.
Corporate - Debt securities issued by corporations.
US Treasury - (Treasury Notes): Medium-term coupon-bearing U.S. Treasury securities
issued as direct obligations of the U.S. Government and having initial maturities of I to
10 years.
Accrued Interest - Interest earned but not yet received.
72
STAFF REPORT
CITY COUNCIL
Page 1 of 4
Agenda Item 5.3
DATE: November 18, 2025
TO: Honorable Mayor and City Councilmembers
FROM: Colleen Tribby, City Manager
SUBJECT:
Youth Mini-Grant Funding Recommendations
Prepared by: Ivan San Pedro, Recreation Supervisor
EXECUTIVE SUMMARY:
The City Council will consider approving the Youth Advisory Committee’s recommended
funding allocations for the Youth Mini-Grant Program.
STAFF RECOMMENDATION:
Adopt the Resolution Approving the Funding Recommendations for the Fiscal Year 2025-26
Youth Advisory Committee Youth Mini-Grant Program.
FINANCIAL IMPACT:
The Youth Mini-Grant Program is supported by the General Fund in the amount of $10,000 for
Fiscal Year 2025-26.
DESCRIPTION:
Background
The Youth Advisory Committee’s Youth Mini-Grant Program was established in Fiscal Year
2012-13 to support youth organizations that offer programs for middle and high school
students. The City Council increased the available funding for the program from $2,500 to
$10,000 in November 2024 (Resolution No. 128-24). Each year, Dublin-based youth
organizations have an opportunity to apply for grant funding to support programs, activities, or
projects that benefit Dublin youth. Funding is recommended by the Committee, reviewed by
the Parks and Community Services Commission, and awarded to organizations by the City
Council.
2025-26 Youth Mini-Grants
The Fiscal Year 2025-26 program application period was open from September 5, 2025 to
October 1, 2025. The program was advertised via social media, the City’s website, at Dublin
high and middle schools, and was sent to Committee members to assist with publicity. Fifteen
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applications were submitted by the deadline.
Staff used the Mini-Grant Application Rating Sheet (Attachment 2) to evaluate proposals. The
top 10 applicants were invited to present to the Youth Advisory Committee for funding
consideration. Those applicants are listed below, and applications are included as Attachment
3.
Dublin 4 Wellness
Dublin High Diversity Ambassador Program
Emerald Environmental Club
Emerald High Basic Life Support Program
IGNITE Pathways
KathaMunch Teens
Latinos Unidos
MANSE Minds
Sensory Wall
Youth Empowerment in Military Careers
Following the presentations, the Committee scored each proposal using the Rating Sheet.
After deliberation, the Committee recommended the following funding amounts:
Table 1: FUNDING RECOMMENDATIONS
Organization
Grant
Requested Grant Proposal Committee
Recommendation
Committee
Points
Average
Dublin 4
Wellness
$500 Host teen workshops
promoting the seven
pillars of lifestyle medicine
through guest speakers,
healthy lifestyle initiatives,
exercise equipment, and
nutritional guidance.
$500 12
Dublin High
Diversity
Ambassador
Program
$2,500 Fund One Dublin Day,
celebrating the diverse
culture clubs between
Dublin High, Emerald
High, and Dublin middle
schools, as well as the
Diversity Ambassador
Scholarship program.
$2,500 15
Emerald
Environmental
Club
$1,500 Fund classroom recycling
bins and promote
sustainability initiatives at
$1,000 14
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Emerald High and the
Dublin community.
Emerald High
Basic Life
Support Program
$2,500 Fund Basic Life Support
Training sessions at
Emerald High, including
instructors, equipment,
materials, and certification
cards.
$2,500 15
IGNITE
Pathways
(Inspiring Growth.
Navigating
Individuals.
Transforming
Education.)
$500 Fund STEM outreach and
robotics demonstrations at
Dublin events, peer
mentorship teaching, and
equipment.
$500 11
KathaMunch
Teens
$1,000 Fund an original teen-
written musical, Desi
Enough, with venue
rentals, costumes, props,
set design, technical
equipment, and marketing.
$1,000 15
Latinos Unidos $600 Fund supplies and
decorations for a face
painting booth, an Ofrenda
altar at a Día de los
Muertos event, and an
informational booth to
educate visitors on cultural
significance.
$600 12
MANSE Minds
(Manse is an
abbreviation for
the Sanskrit word
“Manase” which
translates into the
idea of mind,
heart, and soul)
$1,000 Provide a series of mental
health workshops, creative
events, and support
initiatives: Feel Better Kits,
Feel it Fests, Letters of
Light, and a Dear MANSE
Podcast.
$500* 13
Sensory Wall $600 Fund materials and
construction of new
Sensory Walls across
Dublin classrooms.
$600 12
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Youth
Empowerment in
Military Careers
$750 Purchase supplies and
equipment for a mini
bootcamp, where youth
can learn about different
military branches and
career options with hands-
on activities and guest
speakers.
$300** 12
Totals $11,450 $10,000
* The Committee recommended only awarding $500 to MANSE Minds to support specific
elements of the project that aligned with program goals. This includes materials for Feel Better
Kits (journals, stress relief items and educational handouts), and art and craft supplies for Feel
It Fests and Letters of Light campaigns.
** Youth Empowerment in Military Careers missed the initial presentation deadline; however,
the Committee held a special meeting to hear their proposal and awarded the group $300, as
$9,700 of the $10,000 in available funds had already been allocated to other organizations at
the initial meeting.
On October 27, 2025, the Parks and Community Services Commission confirmed the
selections made by the Committee and recommended the funding allocations to the City
Council.
Grant recipients will be required to submit a brief project report to describe how the funds were
used and the number of youths impacted upon completion of projects. Grantees are
encouraged to provide photos, testimonials, and flyers used to promote their projects. Those
not submitting a report as requested may not be considered for future Youth Mini-Grants.
Project reports will be delivered at the Committee’s Regular Meeting in April 2026.
STRATEGIC PLAN INITIATIVE:
Strategy 4: Inclusive and Effective Government
Objective D: Conduct ongoing outreach and garner feedback on services and programs to
meet the community's needs.
NOTICING REQUIREMENTS/PUBLIC OUTREACH:
The City Council Agenda was posted, and a copy of this Staff Report was sent to the
applicants.
ATTACHMENTS:
1) Resolution Approving Funding Recommendations for the Fiscal Year 2025-26 Youth
Advisory Committee Youth Mini-Grant Program
2) Youth Mini-Grant Rating Sheet
3) Fiscal Year 2025-26 Youth Mini-Grant Applications and Proposals
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Attachment 1
Reso. No. XX-25, Item X.X, Adopted 11/18/2025 Page 1 of 2
RESOLUTION NO. XX – 25
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
APPROVING THE FUNDING RECOMMENDATIONS FOR THE FISCAL YEAR 2025-26
YOUTH ADVISORY COMMITTEE YOUTH MINI-GRANT PROGRAM
WHEREAS, the City received 15 applications for the Fiscal Year 2025-26 Youth Advisory
Committee Youth Mini-Grant Program; and
WHEREAS, the Youth Mini-Grant Program is supported by the General Fund in the amount
of $10,000 for Fiscal Year 2025-26; and
WHEREAS, on October 8, 2025, the Youth Advisory Committee recommended funding
amounts for 10 youth organizations through the Youth Mini-Grant Program; and
WHEREAS, on October 27, 2025, the Parks and Community Services Commission
reviewed and confirmed the selections made by the Youth Advisory Committee and recommended
the funding allocations to the City Council.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Dublin does
hereby approve the Fiscal Year 2025-26 Youth Advisory Committee Youth Mini-Grant Program
funding allocation as follows:
ORGANIZATION / CLUB NAME APPROVED FUNDING
Dublin 4 Wellness $500
Dublin High Diversity Ambassador Program $2,500
Emerald Environmental Club $1,000
Emerald High Basic Life Support Program $2,500
IGNITE Pathways $500
KathaMunch Teens $1,000
Latinos Unidos $600
MANSE Minds $500
Sensory Wall $600
Youth Empowerment in Military Careers $300
Total Recommended Amount $10,000
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Reso. No. XX-25, Item X.X, Adopted XX/XX/2025 Page 2 of 2
PASSED, APPROVED AND ADOPTED this 18th day of November 2025 by the following
vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
______________________________
Mayor
ATTEST:
_________________________________
City Clerk
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Attachment 2
Organization: ______________________________ Program: _______________________________
Proposal Score Funding Recommendation
Total Points (out of 17): Recommend Funding? Yes No
Applicant has received funding
before.
Yes No If Yes, did the applicant submit
year-end in a timely manner?
Yes No (If "No," the applicant
does not qualify for funding.)
Funding Categories
Total Requested $ Total Recommended $
Recommending funding for the following youth activities: (check one)
School Club Sport Organization Performing Arts Cultural Awareness
Health Awareness Other Youth Activity/Organization
Rating criteria: The word “Program” is used below on this form to include services, activities or improvements.
1. Goal Achievement & Organization (Max 5 points)
Goal Achievement: How likely is the group to achieve their stated goals and outcomes?
Not very likely = 0 points | Somewhat likely = 1 point | Very likely = 2 points | Definitely = 3 points
Adult Sponsor: Qualified adult sponsor for management/oversight (minimum requirement).
Yes = 1 point | No = 0 points
Application Completion: All requirements of the application process completed (minimum requirement).
Yes = 1 point | No = 0 points
Score: ______________
2. Needs/Benefit (Max 7 points)
Target Audience: The project benefits Dublin youth.
Low benefit (less than 50%) = 0 points | Moderate benefit (50–74%) = 1 point | High benefit (75% or more) = 2 points
Community Impact: Estimated number of Dublin Community Members who will benefit if successful.
Small (≤ 25) = 1 point | Medium (26–250) = 2 points | Large (> 250) = 3 points
Uniqueness: Activity is unique within Dublin and not provided by other organizations.
Yes = 1 point | No = 0 points
Collaboration: Applicant collaborates with other youth-oriented organizations.
Yes = 1 point | No = 0 points
Score: ____________
3. Funding/Budget (Max 5 points)
Fund Usage: Clarity and detail on how funds will be used.
o Vague/Unclear = 0 points | Somewhat Detailed = 1 point | Very Detailed & Specific = 2 points
Verification: The organization describes how they will verify fund usage to the Youth Advisory Committee.
o Weak or missing plan = 0 points | Somewhat clear = 1 point | Very clear & measurable = 2 points
Bank Account: The organization has a separate bank account for group activities.
o Yes = 1 point | No = 0 points
Score: ____________
Notes/Comments:
City of Dublin
Youth Advisory Committee
Mini-Grant Rating Form
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Attachment 3
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Grant Proposal: Basic Life Support (BLS) Training for High School Students
I. Introduction and Rationale
At Fallon Middle School, a 12-year-old collapsed during P.E. and survived because teachers immediately started
cardiopulmonary resuscitation (CPR). If something similar happened at Emerald High, most students would not
know how to respond. Paramedics take minutes to arrive, and those first minutes are critical. Basic Life Support
(BLS) training prepares students to act by teaching CPR, use of an automated external defibrillator (AED), and
choking response. Immediate CPR can double or triple survival chances. I became certified in BLS last month in
Modesto and saw how valuable and practical the training is, but also how inaccessible it is for students. In our
community, private certification costs can be over $100, and there is currently no affordable program in Dublin
Unified School District. This project will provide certification at less than one-third of the average cost, making it
accessible to students and the community.
II. Program Overview
We will host 3 BLS training sessions at Emerald High, each with 40 students, certifying a total of 120. The sessions
will be led by American Heart Association instructors, and every student will earn a 2-year certification card.
Partnering with HOSA and the Biomedical Sciences program will support recruitment, leadership, and sustainability
so the program continues annually and trains new groups of students each year.
III. Budget
The program will cost $3,600, or $30 per student, covering instructors, equipment, materials, and certification cards.
We are requesting $2,500 from the Dublin Youth Advisory Council, with the remaining $1,100 raised through
fundraising. Since private programs often cost $100 or more, this project delivers certification at less than one-third
the price, making life-saving skills far more accessible to students.
IV. Goals and Impact
The BLS training program has four main goals: to equip students to respond immediately in emergencies when
every minute counts, to build confidence and leadership by giving them real responsibility to protect their peers and
families, to improve community safety by expanding the number of trained responders across Dublin, and to prepare
students for the future with a certification that is highly valuable for jobs in healthcare, childcare, and public safety.
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This will be the first project of its kind in Dublin Unified School District. It will show that high school students can
learn and use these skills to make a real impact, and it will establish a foundation that can continue year after year.
V. Accountability and Community Engagement
The training sessions will be hosted at Emerald High and will also be open to community members if space allows.
We will keep receipts, attendance logs, and training records to document how funds are used. At the end of the year,
we will prepare a short report with results, photos, and reflections from students. We will promote the program
through school announcements, the Parent Faculty Organization newsletter, and community communication
channels so that students and families know about the opportunity.
VI. Conclusion
Basic Life Support training empowers students to save lives. Immediate CPR can mean the difference between life
and death, and my own certification showed me how effective and confidence-building it is. With $2,500 in support,
we can train 120 students at Emerald High this year, offer certification at less than one-third the private cost, and
build a lasting program that strengthens safety and resilience across Dublin.
Thank you,
Neel Karur-Parekh
Emerald High School 11th Grade
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Overview
KathaMunch Teens is the youth-led theater and cultural arts branch of KathaMunch, a
501(c)(3) registered non-profit based in Dublin, California. We are requesting $1,000 from the
YAC to fund our original teen-written musical, Desi Enough. This production will empower
Dublin youth and help them express themselves, develop leadership and collaboration skills,
and connect with the broader community through performance. These funds will directly
support renting out a venue, costumes and props, set design, technical equipment, and
marketing. By supporting this project, the YAC will help Dublin youth build confidence,
community, and cultural awareness while staging an impactful production created entirely by
teens.
Our Organization
KathaMunch Teens was created to give the kids and teens of Dublin a platform to tell their
own stories. Our products are completely youth-driven: we handle writing, directing, acting
music production/composition (one of our songs from our debut show won an award!), stage
management, marketing, social media, tech, set design, and more. We’re guided by our adult
sponsor who oversees what we do, but the decision-making and creative leadership rests
entirely with teens. Since our founding, we’ve successfully staged Arabian Nights, which
drew an audience of over 150 people and demonstrated that Dublin teenagers have the drive,
vision, and talent to lead their own productions. During that production, however, we ran with
a tight budget and timeframe, so this year we hope to be able to expand our reach a lot more
and have an even larger audience since we’ll have more time and resources to promote our
show.
Upcoming Project
Our upcoming musical, Desi Enough, takes place in an American high school and addresses
an issue that resonates deeply with the youth of Dublin: the struggle of belonging and identity.
While the story centers on South Asian American teens, the themes of navigating cultural
differences, balancing family expectations, and discovering one’s place are universal. By
providing a stage for the story of millions of immigrants around the country, we are not only
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validating the experiences of immigrant youth but also encourage empathy and understanding
across Dublin.
Benefits for Dublin
Desi Enough is a musical exploring themes of cultural identity, friendship, love, and
self-discovery. The production blends comedy, drama, and music to tell the very real story of
immigrant teenagers in America.
Benefits to Dublin youth include:
● Leadership and Teamwork - Teenagers will take responsibility for all production roles,
learning skills in collaboration, leadership, and problem-solving.
● Community Building - The performance will bring together Dublin residents to celebrate
youth creativity and cultural diversity.
● Life Skills - Beyond just a show, this production will give lifelong skills such as confidence,
leadership ability, and public speaking skills that will serve them for years to come.
Budget (Use of Funds)
We are requesting $1,000 to cover the following costs: costumes and props ($200), set design
and materials ($300), technical equipment ($300), and marketing, outreach, and contingency
($200). Every dollar will be put towards our production to ensure a polished and professional
performance.
Proof of Fund Usage
To maintain accountability, we will provide the Dublin Youth Advisory Committee with a
detailed expense report with receipts, photos and videos from rehearsals and performances,
and copies of promotional materials. Additionally, we would love to have the YAC come
attend the show!
Conclusion
KathaMunch Teens exists to give Dublin youth a stage for their stories (hence the name - in
Hindi, katha means “story”, and manch means “stage”). By funding Desi Enough, the YAC
will directly support teen leadership, cultural expression, and community engagement. This
grant will allow us to reach more youth, stage a professional production, and share the
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struggles immigrant kids face every day. Together, we can build a stronger, more connected
community - one story at a time.
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MANSE Minds Mini Grant Proposal
1. Organization Description
MANSE Minds is a youth led nonprofit organization dedicated to promoting mental health
awareness, education, and peer support among teens. Founded in 2024, MANSE Minds
empowers young people to prioritize their mental health, reduce stigma, and support peers
through innovative programs. Our initiatives include Feel Better Kits (care packages), Feel It
Fests (art program), Letters of Light, peer led Open Circles (youth led mental health
workshops), and the Dear MANSE podcast, which together create opportunities for mental
wellness, self expression, and community engagement.
2. Project Description and Benefit to Dublin Youth
MANSE Minds proposes to expand our programs to Dublin youth through a series of mental
health workshops, creative events, and supportive initiatives:
● Feel Better Kits: Care packages with journals, fidget toys, and mental health
resources delivered to hospitals, foster care centers, and underserved
communities. Through our international partners in India and Kenya, we also run
fundraisers to support global youth wellness initiatives, teaching Dublin youth
about empathy and global community engagement.
● Feel It Fests: Art focused events where youth can express emotions, reduce
stress, and connect with peers through creativity.Usually once a month short free
art classes.
● Letters of Light: Card making campaigns where teens write supportive messages
for underserved youth, showcasing empathy and peer support.
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● Open Circles/Mental Health Workshops: Peer led discussions often featuring a
guest speaker that provide safe spaces for youth to share experiences, learn
coping strategies, and connect with resources.
● Dear MANSE Podcast: A youth led platform for mental health conversations,
personal stories, and wellness education, reaching local and global audiences.
These programs will directly benefit Dublin youth by promoting emotional resilience,
peer support, creative expression, and global awareness. Students will gain tools to
manage stress, build confidence, and participate in initiatives that make a meaningful
impact locally and internationally.
3. Use of Funds/Grant
The grant will support:
● Materials for Feel Better Kits (journals, stress relief items, educational handouts).
● Art and craft supplies for Feel It Fests and Letters of Light campaigns.
● Logistics for workshops and Open Circles, including venue costs or virtual platforms.
● Training for peer facilitators who lead workshops and programs.
● Podcast production expenses for recording, editing, and promoting episodes.
4. Proof of Fund Utilization
MANSE Minds will provide evidence through:
● A detailed expenditure report for all grant related items.
● Photos and videos from workshops, events, and Feel Better Kit distributions.
● Surveys and feedback forms from participating youth measuring program impact.
● Reports documenting the number of Dublin youth served and lessons learned from each
initiative.
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5. Past Grant Award Review
MANSE Minds has not received prior funding, but our programs have already impacted
hundreds of youth. Feel Better Kits have reached teens in hospitals, foster care, and
underserved communities, with international support in India and Kenya. Our Feel It Fests,
Letters of Light, Open Circles, and Dear MANSE podcast have engaged youth in mental health
discussions, including being educated in the destigmatization of mental health, art expression,
and peer support. Funding from this grant will allow us to expand these initiatives and reach
more Dublin youth.
6. Video Option
We do not plan to submit a video.
Conclusion
With support from the Dublin Youth Advisory Committee, MANSE Minds will continue to
empower teens, foster mental health awareness, and create safe spaces for self expression and
peer support; locally and globally. This grant will directly enhance our programs, expand access
to Dublin youth, and strengthen our mission of promoting youth mental wellness.
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Sensory Wall is a Tri-Valley youth non-profit that is committed to enhancing the
academic and social outcomes of students with autism and other special needs. The organization
builds personalized sensory walls that teach students how to control their emotions, focus better,
and participate fully in class activities. A range of sensory inputs, including textures, music,
fidget toys, and soothing pictures, can be found on each wall. In order to provide students with
individualized support based on their needs, Sensory Wall Inc. works with educators, therapists,
and parents to turn classrooms into stimulating spaces. Sensory Wall has already impacted the
lives of eight Dublin classrooms, serving hundreds of students.
We aim to expand access to sensory walls across various Dublin Schools. While past
installations have been effective in successfully reducing anxiety, increasing regulation, and
encouraging inclusion, many classrooms still have missing components. With these new sensory
walls, students with disabilities will have daily access to stimulating tools that allow them to
progress academically and socially. Teachers will benefit as well because these students will not
be as distracting or unregulated. Moreover, the project gives youth volunteers leadership skills
through constructing, designing, and installing the walls, while encouraging teamwork and
service.
Grant funds will be used for materials and construction of new sensory walls. Some of
these materials for them include textured fabric, fidget toys, Velcro boards, bubble tubes,
artificial turf, and musical boxes. Transportation and logistics for having walls delivered and
installed will be funded by some of the money. Each wall costs approximately four to six
hundred dollars, and the grant will fund more than one classroom in order to have adequate
resources.
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Sensory Wall Inc. will issue receipts for all purchases, records in the form of pictures and
videos of walls constructed, teacher affirmation describing the benefits to students, and written
report of classrooms reached. All these measures will make sure that each dollar goes is used
efficiently and justifies the project.
Sensory Wall Inc. has had a history of creating generous impact. Dozens of students have
benefited from sensory walls, as students’ focus has been optimized with minimal distractions.
Teachers have reported student participation as higher, and families have appreciated the positive
effect on their child. This history is proof of the organization's ability to efficiently use its
resources to generate maximum success.
Sensory Wall will be able to expand this project with the support of the Youth Advisory
Committee, providing comfort to more classrooms. All Dublin students will have access to
learning areas that meet their needs, due to this project's effectiveness, resulting in a more
welcoming environment.
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Youth Empowerment in Military Careers Grant Proposal
Youth Empowerment in Military Careers is dedicated to empowering and inspiring
youth to pursue diverse and fulfilling careers within the military. We aim to provide
support, resources, and mentorship to young individuals interested in exploring fields
such as combat, medicine, cybersecurity, engineering, and other vital military sectors.
We also aim to challenge the stereotype that the military is only combat- focused by
showing diverse careers that media may not show. Through workshops, camps, and
cost-free activities, our initiative informs our patriotic youth about the military and what it
has to offer for them to show that the military has so much to offer from culinary arts to
combat medics, and anything in between.
With the funds, we will run a mini bootcamp where young individuals can learn about
different branches/careers through several hands-on activities and guest speakers who
are active military members or veterans. Through teamwork and leadership building
activities, we plan to teach young individuals about different career paths in the military.
In order for this event to be successful, it is vital for us to purchase learning materials
and equipment for the team. Examples include facility rent, snacks and drinks for the
kids, individual hands-on activities like First Aid Kits, decoding puzzles, drone demos,
and brain puzzles for teamwork.
Our event will prepare students for future opportunities and instill confidence,
leadership, and communication. We introduce Dublin to careers that they may not
normally consider, and we will help students discover passions quickly. We will build an
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engaging and inclusive environment and will reduce the risk of isolation or peer
pressure, ultimately building leaders with character and the next generation of military
leaders and innovators. These future leaders will leave the camp with great memories,
new stories to talk about, and new experiences. As proof of success and positive usage
of the money, we will provide receipts of items purchased, documentation of the event
with photos and videos, program materials like flyers, participant feedback, and a final
report back to the committee. Our organization has not yet been awarded a grant.
According to the U.S. Army Recruiting Command, 50% of youth admit they know little
to nothing about the military– Our initiative's job is to fix that. With support from the
Youth Advisory Committee, Youth Empowerment in Military Careers will be able to
provide Dublin’s youth with the right tools and mentorship to prepare them for their
future endeavors and inform them about careers in the military and beyond. This grant
won’t just fund a single event, but will plant the seeds for lifelong community
engagement and leadership.
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STAFF REPORT
CITY COUNCIL
Page 1 of 2
Agenda Item 5.4
DATE: November 18, 2025
TO: Honorable Mayor and City Councilmembers
FROM: Colleen Tribby, City Manager
SUBJECT:
Accessory Dwelling Unit Ordinance Update (PLPA-004245-2025)
Prepared by: Kristie Wheeler, Special Projects Manager
EXECUTIVE SUMMARY:
On November 4, 2025, the City Council considered City-initiated amendments to the Zoning
Ordinance to implement changes in state accessory dwelling unit law. As proposed, Dublin
Municipal Code Chapter 8.08 (Definitions), Chapter 8.76 (Off-Street Parking and Loading
Regulations) and Chapter 8.80 (Accessory Dwelling Unit Regulations) would be updated to
ensure compliance with the recent legislation. On November 4, 2025, the City Council waived
the first reading and introduced the Ordinance amending the Zoning Ordinance. The City
Council is now requested to waive the second reading and adopt the proposed Ordinance.
STAFF RECOMMENDATION:
Waive the second reading and adopt the Ordinance Approving Amendments to Dublin
Municipal Code Chapter 8.08 (Definitions) and Chapter 8.76 (Off-Street Parking and Loading
Regulations), and Repealing and Replacing Chapter 8.80 (Accessory Dwelling Unit
Regulations).
FINANCIAL IMPACT:
None.
DESCRIPTION:
The City has initiated amendments to the Zoning Ordinance to ensure that it complies with
state accessory dwelling unit law. Amendments are proposed to Dublin Municipal Code
Chapter 8.08 (Definitions), Chapter 8.76 (Off-Street Parking and Loading Regulations), and
Chapter 8.80 (Accessory Dwelling Unit Regulations).
On November 4, 2025, the City Council waived the first reading and introduced the Ordinance
approving the proposed Zoning Ordinance Amendments as provided in Attachment 1. The
November 4, 2025 City Council staff report is included as Attachment 2.
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Page 2 of 2
ENVIRONMENTAL DETERMINATION:
The California Environmental Quality Act (CEQA), together with State Guidelines and City of
Dublin CEQA Guidelines and Procedures require that certain projects be reviewed for
environmental impacts and that environmental documents be prepared. The proposed update
to the Accessory Dwelling Unit Ordinance is exempt from the requirements of CEQA pursuant
to CEQA Guidelines Section 15061(b)(3) because it can be seen with certainty that there is no
possibility that the amendments will have a significant effect on the environment and are not
subject to CEQA review. Furthermore, accessory dwelling units are exempt from CEQA
pursuant to CEQA Guidelines Section 15303, New Construction or Conversion of Small
Structures.
STRATEGIC PLAN INITIATIVE:
Strategy 3: Housing Inclusivity and Affordability
Objective B: Support efforts to produce housing affordable at all income levels.
Objective D: Support development of housing types to support essential workers, young
buyers, and seniors.
NOTICING REQUIREMENTS/PUBLIC OUTREACH:
The City Council Agenda was posted.
ATTACHMENTS:
1) Ordinance Approving Amendments to Dublin Municipal Code Chapter 8.08 (Definitions)
and Chapter 8.76 (Off-Street Parking and Loading Regulations), and Repealing and
Replacing Chapter 8.80 (Accessory Dwelling Unit Regulations)
2) November 4, 2025 Staff Report (without attachments)
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Attachment 1
Ord. No. XX-25, Item X.X, Adopted xx/xx/2025 Page 1 of 10
ORDINANCE NO. XX – 25
AN ORDINANCE OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
APPROVING AMENDMENTS TO DUBLIN MUNICIPAL CODE CHAPTER 8.08
(DEFINITIONS) AND CHAPTER 8.76 (OFF-STREET PARKING AND LOADING
REGULATIONS), AND REPEALING AND REPLACING CHAPTER 8.80 (ACCESSORY
DWELLING UNIT REGULATIONS)
(PLPA-004245-2025)
The Dublin City Council does ordain as follows:
SECTION 1. RECITALS
A. The City occasionally initiates amendments to the Dublin Municipal Code (DMC) to clarify, add,
or amend certain provisions to ensure that the DMC remains current with federal and state law,
internally consistent, simple to understand and implement, and relevant to changes occurring
in the community.
B. Staff initiated amendments to Dublin Municipal Code Chapter 8.08 (Definitions), Chapter 8.76
(Off-Street Parking and Loading Regulations) and Chapter 8.80 (Accessory Dwelling Unit
Regulations) (the Project) to ensure compliance with recent changes in state accessory
dwelling unit law.
C. The Project would implement Assembly Bill (AB) 2221, Senate Bill (SB) 897, SB 477, AB 2533
and SB 1211.
D. The Planning Commission held a duly noticed public hearing on September 9, 2025, during
which all interested persons were heard, and adopted Resolution No. 25-03 recommending
that the City Council approve the Project.
E. A Staff Report was submitted to the Dublin City Council recommending approval of the Project.
F. The City Council held a public hearing on the Project on November 4, 2025, at which time all
interested persons had an opportunity to be heard.
G. Proper notice of said hearing was given in all respects as required by law.
H. The City Council did hear and consider all said reports, recommendations , and testimony set
forth above and used its independent judgment to evaluate the Project.
SECTION 2. FINDINGS
A. Pursuant to Dublin Municipal Code Section 8.120.050.B., the City Council hereby finds that
the Project is consistent with the General Plan in that the proposed Dublin Municipal Code
Amendments are necessary to implement recent changes in state accessory dwelling unit law.
B. The California Environmental Quality Act (CEQA), together with State Guidelines and City of
Dublin CEQA Guidelines and Procedures, require that certain projects be reviewed for
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environmental impacts and that environmental documents be prepared. The City Council
hereby finds that the Project is exempt from the requirements of CEQA pursuant to CEQA
Guidelines Section 15061(b)(3) because it can be seen with certainty that the Project will not
have a significant effect on the environment and is not subject to CEQA review. Furthermore,
accessory dwelling units are exempt from CEQA pursuant to CEQA Guidelines Section 15303,
New Construction or Conversion of Small Structures.
SECTION 3. AMENDMENT TO CHAPTER 8.08
Dublin Municipal Code Section 8.08.020 is amended as follows:
8.08.020 Definitions (A-Z).
Accessory Dwelling Unit (use type). The term Accessory Dwelling Unit shall mean a residential
unit that provides independent living facilities for one or more persons and includes permanent
living, cooking, sleeping, and sanitation facilities. An Accessory Dwelling Unit may be e ither
attached to, or located within, a proposed or existing principal residence, including attached
garages, storage areas or similar uses, or an accessory structure, or detached from a proposed
or existing principal residence and located on the same lot as a proposed or existing principal
residence, including a detached garage. An Accessory Dwelling Unit also includes an efficiency
unit, as defined in Section 17958.1 of the Health and Safety Code, and a manufactured home, as
defined in Section 18007 of the Health and Safety Code.
SECTION 4. AMENDMENT TO CHAPTER 8.76
Dublin Municipal Code Section 8.76.070 is amended as follows:
A.14.a .2. Accessory dwelling unit parking. Parking for an Accessory Dwelling Unit shall be
provided in accordance with this Chapter except as provided in Sections 8.80.040.F and/or
8.80.050.E, as applicable.
SECTION 5. AMENDMENT TO CHAPTER 8.80
Dublin Municipal Code Chapter 8.80 (Accessory Dwelling Unit Regulations) is repealed and
replaced with the following:
Chapter 8.80
ACCESSORY DWELLING UNIT REGULATIONS
8.80.010 Purpose.
The purpose of this Chapter is to implement Government Code Sections 66310 through 66342
by allowing the creation of accessory dwelling units and junior accessory dwelling units through
ministerial review, subject to meeting the requirements of this Chapter.
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8.80.020 General Regulations.
A. Density. Accessory dwelling units and junior accessory dwellings units shall not count toward
the allowed density for the lot upon which they are located. Accessory dwelling units and junior
accessory dwelling units approved in compliance with this Chapter shall be considered a
residential use that is consistent with the existing general plan and zoning for the lot.
B. Nonconforming Conditions and Code Violations. The correction of nonconforming zoning
conditions, building code violations, or unpermitted structures that do not present a threat to public
health and safety and are not affected by the construction of an accessory dwelling unit or junior
accessory dwelling unit, shall not be required as a condition for ministerial approval of a permit
application for the creation of an accessory dwelling unit or junior accessory dwelling unit.
C. Demolition of Detached Garage. Refer to Chapter 7.28.360.E.
D. Unpermitted Accessory Dwelling Units. Refer to Chapter 7.28.440.H.
E. Occupancy. Refer to Chapter 7.32.125 Section 310.1.1.
F. Fire Sprinklers. Refer to Chapter 7.32.180 Section 903.2.8 Exceptions #5 and #6.
G. Passageway. No passageway shall be required in conjunction with the construction of an
accessory dwelling unit. “Passageway” means a pathway that is unobstructed clear to the sky and
extends from a street to one entrance of the accessory dwelling unit.
H. Building Permit Required. Accessory dwelling units and junior accessory dwelling units,
including those that are internal to an existing structure and converted from existing floor area,
shall require a building permit.
8.80.030 Permitting Procedures.
Any permit application for an accessory dwelling unit or junior accessory dwelling unit that meets
the applicable location and development standards contained in this Chapter shall be considered
and approved ministerially without discretionary review or a public hearing. If there is an existing
residence on a lot, a permit application for an accessory dwelling unit or junior accessory dwelling
unit shall either be approved or denied within 60 days of submission of a complete application. If
the applicant requests a delay, the 60-day time period shall be tolled for the period of the delay.
If the complete application is not approved or denied within 60 days, the permit application shall
be deemed approved. However, if an application for an accessory dwelling unit or junior accessory
dwelling unit is submitted with a permit application to create a new residence on a lot, the
application for the accessory dwelling unit may be delayed until the permit application to create
the new residence is approved or denied, but the application for th e accessory dwelling unit or
junior accessory dwelling unit shall still be considered ministerially. The City may charge a fee to
reimburse it for costs incurred to implement this section, including the costs of adopting or
amending any ordinance that provides for the creation of an accessory dwelling unit.
If an application to create an accessory dwelling unit or junior accessory dwelling unit is denied,
the applicant shall be provided in writing with a full set of comments that include a list of items that
are defective or deficient and a description of how the application can be remedied by the
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applicant. Notice of the denial and corresponding written comments shall be provided to the
applicant in accordance with the 60-day time period set forth above.
8.80.040 Accessory Dwelling Unit Regulations.
The following provisions apply to all accessory dwelling units that are not “state exempt accessory
dwelling units” as described in Section 8.80.060. In the event of a conflict between the provisions
of this section and another section of the Dublin Municipal Code, the provisions of this section
shall prevail. In the event of a conflict between the provisions of this section and the California
Government Code, as may be amended, the provisions of the applicabl e Government Code shall
prevail. A building permit for an accessory dwelling unit will only be issued if it complies with the
following development standards and regulations:
A. Location Permitted. An accessory dwelling unit may be permitted on a lot of any size with
an existing or proposed single-family use or multifamily use in the A, R-1, R-2, R-M, and C-1
zoning districts and in a Planned Development (PD) zoning district. Any PD development
regulations that are more restrictive than this Chapter shall be superseded by this Chapter.
B. Maximum Number of Units and Density.
1. For lots with a single-family residence, there shall be a maximum of one (1) accessory
dwelling unit and one (1) junior accessory dwelling unit that is consistent with Sect ion
8.80.050.
2. For lots with a multifamily residence, refer to Section 8.80.060.
C. Unit Size. The total floor area of an attached or detached accessory dwelling unit shall not
exceed the following:
Principal Residence Attached Accessory
Dwelling Unit
Detached Accessory
Dwelling Unit
Existing Whichever is less of the
following:
50% of the square footage
of the principal residence;
850 square feet for a
studio or one bedroom; or
1,000 square feet for more
than one bedroom
1,200 square feet
Proposed 1,200 square feet 1,200 square feet
An accessory dwelling unit shall be a minimum of 150 square feet or the size necessary to
accommodate an efficiency unit as defined by Health and Safety Code Sections 17958.1 and
18007, whichever is greater. For the purposes of this section, the calculatio n of square footage
for an accessory dwelling unit shall not include garages, carports, covered porches/patios,
breezeways, or other accessory structures.
D. Setbacks.
1. No setback shall be required for existing living area or an existing accessory structure or
an accessory dwelling unit that replaces an existing structure and is in the same location and
to the same dimensions as the structure being replaced. An expansion of up to one hundred
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fifty (150) square feet of additional floor area shall be allowed if limited to accommodating
ingress and egress and if the setbacks for the additional floor area are sufficient for fire and
safety. Further expansion shall be subject to height and setback requirements applicable to a
new accessory dwelling unit.
2. For all other structures, a setback of no more than four feet from the side and rear lot
lines shall be required for an accessory dwelling unit. Accessory dwelling units are not
permitted within an established front yard setback, except as may be necessary to permit an
800-square-foot accessory dwelling unit on the subject parcel.
3. If the accessory dwelling unit is detached from the principal residence on the site, the
distance between the structures shall be determined by Chapter 7.34, Residential Code.
E. Height.
1. A detached accessory dwelling unit shall not exceed 16 feet in height.
2. A detached accessory dwelling unit that is within one -half of one mile walking distance of
a major transit stop or a high-quality transit corridor, as those terms are defined in Section
21155 of the Public Resources Code shall not exceed 18 feet in height. An additional two feet
in height shall also be allowed to accommodate a roof pitch on the ac cessory dwelling unit
that is aligned with the roof pitch of the principal residence.
3. The maximum height for an attached accessory dwelling unit shall conform to the height
requirements of the zoning district where the lot is located.
F. Parking. An accessory dwelling unit shall be provided with one (1) off -street parking space
per unit (if the accessory dwelling unit is a studio, then no space is required). If a space is required,
it shall be provided in accordance with the requirements of Chapter 8.76 , Off-Street Parking and
Loading Regulations, except that the space may be compact, may be uncovered, may be located
on a driveway within setback areas, and may be in tandem with the required parking of the
principal residence. The accessory dwelling unit parking shall be in addition to parking required
for the principal residence except that replacement of the off -street parking spaces for the dwelling
unit is not required when the accessory dwelling unit is created through the conversion of a
garage, carport, or covered parking structure. The off-street parking space is not required in any
of the following instances:
1. The accessory dwelling unit is located within one -half mile walking distance of a public
transit stop.
2. The accessory dwelling unit is located within an architecturally and historically significant
historic district.
3. The accessory dwelling unit is within the proposed or existing principal residence or
accessory structure.
4. When on-street parking permits are required but not offered to the occupant of the
accessory dwelling unit.
5. When there is a car share vehicle located within one block of the accessory dwelling unit.
6. When a permit application for an accessory dwelling unit is submitted with a permit
application to create a new single-family residence on the same lot, provided that the
accessory dwelling unit satisfies any other criteria listed in this section.
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G. Entrance. An accessory dwelling unit shall require a separate entrance from the main
entrance to the proposed or existing principal residence. An exterior stairway proposed to serve
an accessory dwelling unit on a second story or higher shall not be visible from the front public
right-of-way.
H. Balconies/Decks. Accessory dwelling units shall not have balconies on an elevation directly
facing a side lot line. Allowed balconies shall be located a minimum of 10 feet from side and rear
property lines. Accessory dwelling units shall not contain rooftop terraces/rooftop decks.
I. Public Utilities and Services. Accessory dwelling units shall be served by public water and
sewer and shall have access to an improved public street.
J. Design Compatibility. The accessory dwelling unit shall incorporate the same design
features, building materials, colors, and landscaping as the principal residence.
K. Lot Coverage. The principal residence and accessory dwelling unit combined shall not cover
more than 60% of the lot.
L. Exemptions. Unit size based upon a percentage of a proposed or existing principal
residence, or limits on maximum lot coverage or minimum front setback, for either an attached or
detached accessory dwelling unit, shall be waived only in the amounts necessary to permit an
800-square-foot accessory dwelling unit with four-foot side and rear yard setbacks on the subject
parcel.
M. Occupancy. Owner-occupancy shall not be required.
N. Ownership. The accessory dwelling unit shall not be sold or conveyed separately from the
principal residence to a qualified buyer except if all of the provisions of Gove rnment Code Section
66341 are met.
O. No Short-Term Rental. Accessory dwelling units shall not be rented for terms of 30 days or
less.
8.80.050 Junior Accessory Dwelling Unit Regulations.
A building permit for a junior accessory dwelling unit will only be issued if it complies with the
following development standards and regulations:
A. Location Permitted. A junior accessory dwelling unit may be permitted on a parcel with an
existing or proposed single-family use in the A, R-1, R-2, and R-M zoning districts and in a
Planned Development (PD) zoning district. Any PD development regulations that are more
restrictive than this Chapter shall be superseded by this Chapter and shall be subject to the
requirements of this Chapter.
B. Relationship to Principal Use. The junior accessory dwelling unit shall be located entirely
within the walls of a proposed or existing single-family residence, including an attached garage.
C. Maximum Number of Units and Density. There shall be a maximum of one junior accessory
dwelling unit per lot. A junior accessory dwelling unit may be in addition to an attached or detached
accessory dwelling unit. A junior accessory dwelling unit shall be exempted from the calculation
of the maximum allowable density for the lot on which it is located.
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D. Unit Size. The total floor area of a junior accessory dwelling unit shall not be more than 500
square feet, excluding any shared sanitation facility within the principal single -family residence.
E. Parking. No off-street parking is required for junior accessory dwelling units. However, if
parking is provided, the parking space shall comply with the requirements of Chapter 8.76, Off -
Street Parking and Loading Regulations, except that the space may be compact, may be
uncovered, may be located on a driveway within setback areas, and may be in tandem with the
required parking of the principal single-family residence.
F. Entrance. A junior accessory dwelling unit shall require a separate entrance from the main
entrance of the proposed or existing single-family residence. An exterior stairway proposed to
serve a junior accessory dwelling unit on a second story or higher shall not be visible from the
front public right-of-way, with the exception of state exempt accessory dwelling units described in
Section 8.80.060. If a junior accessory dwelling unit does not include a separate bathroom, an
interior entry to the proposed or existing single -family residence shall be provided.
G. Efficiency Kitchen. A junior accessory dwelling unit shall include an efficiency kitchen, which
shall include the following:
1. A cooking facility with appliances;
2. A food preparation counter; and
3. Storage cabinets of reasonable size in relation to the size of the junior accessory dwelling
unit.
H. Occupancy and Ownership.
1. Owner-occupancy in the residence is required. The owner of the lot may occupy either the
principal single-family residence or the junior accessory dwelling unit, unless the owner is
another governmental agency, land trust or housing organization.
2. A junior accessory dwelling unit shall not be sold or otherwise conveyed separately from
the principal single-family residence.
3. A deed restriction, which shall run with the land, shall be filed with the building permit
application and include the following:
a. Prohibition on the sale of the junior accessory dwelling unit separate from the sale of
the single-family residence, including a statement that the deed restriction may be
enforced against future purchasers.
b. A restriction on the size and attributes of the junior accessory dwelling unit that
conforms with Government Code Sections 66333 through 66339.
I. No Short-Term Rental. Junior accessory dwelling units shall not be rented for terms of 30
days or less.
8.80.060 State Exempt Accessory Dwelling Units.
State exempt accessory dwelling units refer to accessory dwelling units that are created pursuant
to Government Code Section 66323. State exempt accessory dwelling units are subject to limited
requirements as specified below. The regulations described in Section 8.80.040 do not apply to
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state exempt accessory dwelling units. Pursuant to Government Code Section 66323, an
application for a building permit for a state exempt accessory dwelling unit within a residential or
mixed-use zoning district shall be ministerially approved to create any of the following:
A. Single Family – Accessory Dwelling Units Within Existing or Proposed Space. One
accessory dwelling unit and one junior accessory dwelling unit per lot with an existing or proposed
single-family residence if all of the following apply:
1. The accessory dwelling unit or junior accessory dwelling unit is within the proposed space
of a single-family residence or existing space of a single-family residence or accessory
structure and may include an expansion of not more than 150 square feet beyond the same
physical dimensions as the existing accessory structure. An expansion beyond the physical
dimensions of the existing accessory structure shall be limited to accommodating ingress and
egress.
2. The space has exterior access from the proposed or e xisting single-family residence.
3. The side and rear setbacks are sufficient for fire and safety.
4. The junior accessory dwelling unit complies with the requirements of Section 8.80.050.
B. Single Family – New Detached Accessory Dwelling Units. One detached, new
construction accessory dwelling unit that does not exceed four -foot side and rear yard setbacks
on a lot with a proposed or existing single -family residence. The accessory dwelling unit may be
combined with a junior accessory dwelling unit as described in Section 8.80.050A. The accessory
dwelling unit shall:
1. Unit Size. Not exceed a total floor area of 800 square feet; and
2. Height.
a. A detached accessory dwelling unit shall not exceed 16 feet in height.
b. A detached accessory dwelling unit that is within one-half of one mile walking distance
of a major transit stop or a high-quality transit corridor, as those terms are defined in
Section 21155 of the Public Resources Code shall not exceed 18 feet in height. An
additional two feet in height shall also be allowed to accommodate a roof pitch on the
accessory dwelling unit that is aligned with the roof pitch of the principal residence.
c. An attached accessory dwelling unit shall not exceed 25 feet in height or the maximum
height allowed by the zoning district where the principal residence is located, whichever is
lower.
C. Multifamily – Accessory Dwelling Unit Conversions. A minimum of one accessory
dwelling unit and up to 25 percent of the total number of existing multifamily resi dential units shall
be permitted within portions of existing multifamily structures that are not used as livable space,
including, but not limited to, storage rooms, boiler rooms, passageways, attics, basements, or
garages, provided each accessory dwelling unit complies with state building standards for
dwellings.
D. Multifamily – Detached Accessory Dwelling Units.
1. No more than eight detached accessory dwelling units shall be permitted on a lot that has
an existing multifamily residential structure. However, the number of accessory dwelling units
shall not exceed the number of existing units on the lot.
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2. On a lot with a proposed multifamily residential structure, no more than two detached
accessory dwelling units shall be permitted.
3. The accessory dwelling units shall be subject to a maximum rear and side yard setback of
four feet and the following building height limitations:
a. A detached accessory dwelling unit shall not exceed 16 feet in height.
b. A detached accessory dwelling unit that is within one-half of one mile walking distance
of a major transit stop or a high-quality transit corridor, as those terms are defined in
Section 21155 of the Public Resources Code shall not exceed 18 feet in height. An
additional two feet in height shall also be allowed to accommodate a roof pitch on the
accessory dwelling unit that is aligned with the roof pitch of the multifamily residential
structure.
c. A detached accessory dwelling on a lot with an existing multifamily, multistory
residential structure shall not exceed 18 feet.
4. If an existing multifamily residential structure has a rear or side yard setback of less than
four feet, no modification of the existing multifamily residential structure shall be required as a
condition of approving the application to construct an accessory dwelling unit that satisfies the
requirements of this section.
8.80.070 Submittal Procedures.
A building permit application for an accessory dwelling unit or junior accessory dwelling unit shall
be submitted to the Community Development Department. In a ddition to the standard submittal
requirements for a building permit, the accessory dwelling unit or junior accessory dwelling unit
application package shall include the following:
A. Site Plan. A site plan drawn to scale, showing the dimensions of the perimeter of the parcel
on which the accessory dwelling unit or junior accessory dwelling unit will be located. Indicate the
location and dimensioned setbacks of all existing and proposed structures on the project site and
the proposed size of the accessory dwelling unit.
B. Lot Coverage. Calculations indicating the square footage of the structure and the lot,
including calculations on the plan for the percentage of lot area covered by the foundation of the
new and existing dwelling units. State exempt accessory dwelling units are not subject to this
requirement.
C. Elevations. For accessory dwelling units or junior accessory dwelling units that include
modifications to the exterior of the principal residence or new construction, provide elevations
showing all openings, existing and finished grades, stepped footing outline, building height, roof
pitch, and a materials and color board for the existing residence and the proposed accessory
dwelling unit. A material and color board is not required for state exempt accessory dwelling units.
D. Utility and Service Information. Provide information on available utility easements, services
and connections.
E. Number of Units. For accessory dwelling units proposed on a lot with an existing multifamily
residential structure, information on the number of existing multifamily units shall be provided.
SECTION 6. POSTING OF ORDINANCE
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The City Clerk of the City of Dublin shall cause this Ordinance to be posted in at least three (3)
public places in the City of Dublin in accordance with Section 36933 of the Government Code of
the State of California.
SECTION 7. EFFECTIVE DATE
This Ordinance shall take effect 30 days following its adoption.
PASSED, APPROVED AND ADOPTED BY the City Council of the City of Dublin, on this
18th day of November, 2025 by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
_____________________________
Mayor
ATTEST:
___________________________
City Clerk
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Attachment 2
STAFF REPORT
CITY COUNCIL
Page 1 of 5
Agenda Item 6.1
DATE: November 4, 2025
TO: Honorable Mayor and City Councilmembers
FROM: Colleen Tribby, City Manager
SUBJECT:
Accessory Dwelling Unit Ordinance Update (PLPA-004245-2025)
Prepared by: Kristie Wheeler, Special Projects Manager
EXECUTIVE SUMMARY:
The City Council will consider City-initiated amendments to the Zoning Ordinance to implement
changes in state accessory dwelling unit law. As proposed, Dublin Municipal Code Chapter
8.08 (Definitions), Chapter 8.76 (Off-Street Parking and Loading Regulations) and Chapter
8.80 (Accessory Dwelling Unit Regulations) would be updated to ensure compliance with the
recent legislation. The City Council will also consider an exemption from the requirements of
the California Environmental Quality Act.
STAFF RECOMMENDATION:
Conduct a public hearing, deliberate, waive the reading and introduce an Ordinance
Approving Amendments to Dublin Municipal Code Chapter 8.08 (Definitions) and Chapter 8.76
(Off-Street Parking and Loading Regulations), and Repealing and Replacing Chapter 8.80
(Accessory Dwelling Unit Regulations).
FINANCIAL IMPACT:
None.
DESCRIPTION:
Background
Pursuant to Government Code Section 66310, the California Legislature found and declared
that, among other things, California is facing a severe housing crisis and accessory dwelling
units are a valuable form of housing that meets the needs of family membe rs, students, the
elderly, in-home health care providers, people with disabilities, and others. Therefore,
accessory dwelling units are an essential component of California’s housing supply.
The California Department of Housing and Community Development (HCD) also notes that
accessory dwelling units are a flexible form of housing that can help Californians more easily
access job-rich, high-opportunity areas. As such, recent changes to state accessory dwelling
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unit law have been enacted to address barriers, streamline approval, and expand potential
capacity for accessory dwelling units, recognizing their unique importance in addressing
California’s housing needs.
Previous Amendments to Accessory Dwelling Unit Regulations
Over the years, the City has amended Dublin Municipal Code (DMC) Chapter 8.80 (Accessory
Dwelling Unit Regulations) in response to changes in state accessory dwelling unit law. The
most recent amendments were adopted in November 2020 (Ordinance No. 17 -20) and
included changes to the development standards for minimum unit size, setbacks, and parking
requirements for accessory dwelling units and the addition of regulations for junior accessory
dwelling units.
Recent Legislation
As part of its goal to address the state-wide housing crisis, rising housing costs, and shortage
of affordable housing options in California, the State Legislature continues to pass bills aimed
at facilitating local approval processes for accessory dwelling units and lifting regulations that
may otherwise limit their development. Assembly Bill 671, which went into effect in 2020,
requires local agencies to include plans to incentivize and promote the creation of accessory
dwelling units. In addition, several other accessory dwelling unit-related bills were passed
during the last three legislative sessions. The most notable are summarized below and
necessitate revisions to the City’s existing Accessory Dwelling Unit Ordinance.
Assembly Bill (AB) 2221 and Senate Bill (SB) 897: These two bills were effective January 1,
2023, and made significant changes to state law to further reduce barriers to development of
accessory dwelling units and junior accessory dwelling units. In part, the changes include the
following:
Objective Standards. Requires local agencies to only impose objective standards on
accessory dwelling units, which “involve no personal or subjective judgment by a public
official.”
Occupancy Change. Provides that the construction of an accessory dwelling unit does
not constitute a Group R occupancy change under the local building code.
Fire Sprinklers. Precludes accessory dwelling unit construction from triggering a
requirement that fire sprinklers be installed in the existing principal residence.
Zoning and Setback. Prohibits local agencies from imposing limits on lot coverage,
floor area ratio, open space, front setbacks, and minimum lot size, for either attached or
detached accessory dwelling units that do not permit at least an 800-square-foot
accessory dwelling unit with four-foot side and rear yard setbacks to be constructed.
Zoning Nonconformance and Building Code Violations. Prohibits local agencies
from denying an accessory dwelling unit permit due nonconforming zoning conditions,
building code violations, or unpermitted structures that do not present a threat to public
health and safety and are not affected by the construction of the accessory dwelling
unit.
Unpermitted Accessory Dwelling Units. Precludes a local agency from denying a
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permit for an unpermitted accessory dwelling unit that was constructed before January
1, 2018, because it violates building standards or because it does not comply with state
accessory dwelling unit law or a local ordinance.
SB 477, AB 2533 and SB 1211: SB 477 was effective March 27, 2024, and AB 2533 and SB
1211 were effective January 1, 2025. The following is a summary of these three bills:
Updated Government Code Sections. Relocates numerous Government Code
sections into a new chapter to make state accessory dwelling unit law easier to read
and navigate.
Unpermitted Accessory Dwelling Units. Changes the date from January 1, 2018, to
January 1, 2020, such that a local agency is precluded from denying a permit for an
unpermitted accessory dwelling unit that was constructed before January 1, 2020,
because it violates building standards or because it does not comply with state
accessory dwelling unit law or a local ordinance. A local agency must inform the public
about the provisions of this section through public information resources, including
permit checklists and the local agency’s website.
Objective Standards. Prohibits a local agency from imposing any objective standards
on a new type of accessory dwelling unit referred to as State Exempt Accessory
Dwelling Units that are not authorized by the provisions of Government Code Section
66323(a).
Uncovered Parking. Specifies that uncovered, off-street parking spaces removed in
conjunction with the construction of an accessory dwelling unit do not need to be
replaced.
Detached Accessory Dwelling Units. Authorizes up to eight detached accessory
dwelling units on a lot with an existing multifamily dwelling, provided that the number of
accessory dwelling units does not exceed the number of existing units on the lot.
California Department of Housing and Community Development (HCD)
Pursuant to Government Code Section 66326, any city/county that adopts an accessory
dwelling unit ordinance must submit it to HCD within 60 days of adoption. HCD may provide a
review letter with written findings as to whether the adopted ordinance complies with state law.
If an ordinance is found to be out of compliance with state law, the city/county has 30 days to
provide a response letter to HCD.
To ensure the proposed update to the City’s Accessory Dwelling Unit Ordinance is in full
compliance with state accessory dwelling unit law, staff submitted the draft amendments to
HCD for informal review on June 3, 2025. HCD provided their “draft flyover governance”
comments on July 28, 2025, which have been addressed in the proposed amendment s.
Analysis
Given the extent of changes needed to comply with state accessory dwelling unit law, staff
recommends that DMC Chapter 8.80 (Accessory Dwelling Unit Regulations) be repealed and
replaced with a new Chapter 8.80. The following provides a summa ry of the most significant
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proposed changes:
DMC Chapter 8.08.020 (Definitions A-Z) would be updated to ensure the definition of
an accessory dwelling unit is consistent with state law.
DMC Section 8.76.070. A.14.a.2 (Accessory Dwelling Unit Parking) would be
amended to update references to parking requirements for accessory dwelling units in
Chapter 8.80.
DMC Section 8.80.020 (General Regulations) is proposed to address state accessory
dwelling unit law pertaining to density; nonconforming zoning cond itions and building
code violations; unpermitted accessory dwelling units; building code occupancy; fire
sprinklers; demolition of detached garages; and passageways.
DMC Section 8.80.030 (Permitting Procedures) would be updated to ensure that
ministerial review of a permit application for an accessory dwelling unit meets the
timeframes established in state law.
DMC Section 8.80.040 (Accessory Dwelling Unit Regulations) would be updated to
clarify maximum number of units, unit size, and setbacks. In addition, new height
limitations and exemptions to regulations are included.
DMC Section 8.80.060 (State Exempt Accessory Dwelling Units) would be added to
address this new type of accessory dwelling unit, which is essentially exempt from the
City’s accessory dwelling unit regulations if it meets the criteria identified.
Attachment 1 is a draft Ordinance approving the proposed amendments to the Accessory
Dwelling Unit Regulations. A redlined version of the proposed changes to the Accessory
Dwelling Ordinance is included as Attachment 2 where underlined text is proposed to be
added and text with a strikethrough is proposed to be deleted.
Consistency with the General Plan, Specific Plans, and Zoning Ordinance
The proposed update to the Accessory Dwelling Unit Ordinance is consistent with the Dublin
General Plan in that the amendments are necessary to comply with state law.
ENVIRONMENTAL DETERMINATION:
The California Environmental Quality Act (CEQA), together with State Guidelines and City of
Dublin CEQA Guidelines and Procedures require that certain projects be reviewed for
environmental impacts and that environmental documents be prepared. The proposed update
to the Accessory Dwelling Unit Ordinance is exempt from the requirements of CEQA pursuant
to CEQA Guidelines Section 15061(b)(3) because it can be seen with certainty that there is no
possibility that the amendments will have a sign ificant effect on the environment and are not
subject to CEQA review. Furthermore, accessory dwelling units are exempt from CEQA
pursuant to CEQA Guidelines Section 15303, New Construction or Conversion of Small
Structures.
139
Page 5 of 5
PLANNING COMMISSION REVIEW:
The Planning Commission held a public hearing to consider the proposed Accessory Dwelling
Unit Ordinance Update and unanimously recommended approval to the City Council. Planning
Commission Resolution No. 25-03 is included as Attachment 3.
STRATEGIC PLAN INITIATIVE:
Strategy 3: Housing Inclusivity and Affordability
Objective B: Support efforts to produce housing affordable at all income levels.
Objective D: Support development of housing types to support essential workers, young
buyers, and seniors.
NOTICING REQUIREMENTS/PUBLIC OUTREACH:
In accordance with State law, a public notice was published in the East Bay Times and posted
at several locations throughout the City. Additionally, the City Council Agenda was posted.
ATTACHMENTS:
1) Ordinance Approving Amendments to Dublin Municipal Code Chapter 8.08 (Definitions)
and Chapter 8.76 (Off-Street Parking and Loading Regulations), and Repealing and
Replacing Chapter 8.80 (Accessory Dwelling Unit Regulations)
2) Redlined Zoning Ordinance Amendments
3) Planning Commission Resolution No. 25-03 Recommending City Council Approval of
Amendments to Dublin Municipal Code Chapter 8.08 (Definitions) and Chapter 8.76 (Off -
Street Parking and Loading Regulations), and Repealing and Replacing Chapter 8.80
(Accessory Dwelling Unit Regulations)
140
STAFF REPORT
CITY COUNCIL
Page 1 of 2
Agenda Item 5.5
DATE: November 18, 2025
TO: Honorable Mayor and City Councilmembers
FROM: Colleen Tribby, City Manager
SUBJECT:
Payment Issuance Report and Electronic Funds Transfer
Prepared by: Gloria Tai, Senior Finance Technician
EXECUTIVE SUMMARY:
The City Council will receive a listing of payments issued from October 1, 2025 – October 31,
2025, totaling $8,429,847.55.
STAFF RECOMMENDATION:
Receive the report.
FINANCIAL IMPACT:
Summary of Payments Issued
Report Period: October 1, 2025 – October 31, 2025
Total Number of Payments: 283
Total Amount of Payments: $8,429,847.55
DESCRIPTION:
The Payment Issuance Report (Attachment 1) provides a listing of all payments for the period
beginning October 1, 2025 through October 31, 2025. This report is provided in accordance
with the City Payments Policy adopted November 15, 2011 by Resolution No.189-11. The
listing of payments has been reviewed in accordance with the policies for processing payments
and expenditures.
The City’s practice of reporting payments to the City Council after the payments have been
made is in compliance with California Government Code Sections 37208 (b) and (c), which
allow for an agency to make payments without first being audited by the legislative body, as
long as such payments are: 1) conforming to a budget approved by ordinance or resolution of
the legislative body; and 2) presented to the legislative body for ratification and approval in the
form of an audited comprehensive annual financial report.
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STRATEGIC PLAN INITIATIVE:
None
NOTICING REQUIREMENTS/PUBLIC OUTREACH:
The City Council Agenda was posted.
ATTACHMENTS:
1) Payment Issuance Report for October 2025
142
Date Issued
10/1/2025
10/3/2025
10/3/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025 PAKPOUR CONSULTING GROUP, INC.CM/INSP SERVICES SAFE ROUTES TO SCHOOL JUL 2025 24,467.75
PAKPOUR CONSULTING GROUP, INC.DEVELOPMENT REVIEW AUG 2025 27,342.00
PAKPOUR CONSULTING GROUP, INC.CM/INSP SERVICES FOR REGIONAL ST CROSSWALK JUL 2025 1,417.50
PAGE & TURNBULL INC CAMP PARKS SIGN PROJECT CA AND CM SERVICES JUL 2025 11,338.45
PAKPOUR CONSULTING GROUP, INC.DEVELOPMENT REVIEW JUL 2025 22,134.00
NICHOLS CONSULTING ENGINEERS, CHTD ADDTNL DESIGN CONSTRUCTION SUPPORT SVCS JUL 2025 18,591.92
MINUTEMAN PRESS SOCIAL MEDIA/DUBLIN DIGEST POSTCARD 79.90
MNS ENGINEERS, INC.DEVELOPMENT AND PERMITS INSPECTION JUL 2025 30,671.72
MICHAEL MCCORRISTON MILEAGE REIMBURSEMENT - SEP 2025 MEETINGS 58.17
MICHAEL RINALDI SPLATTER STAGE AND LIGHTING RENTAL 7,200.00
PAKPOUR CONSULTING GROUP, INC.CM/INSP SERVICES FOR REGIONAL ST CROSSWALK AUG 2025 5,587.50
METRO SERVICES INC.EVENT SECURITY FOR SPLATTER 2,135.00
LSA ASSOCIATES INC.SCHAEFER RANCH GHAD BIOLOGICAL SERVICES JUL 2025 974.00
MAKI JANKEN PCS RENTAL SECURITY DEPOSIT REFUND 500.00
LOVE NEVER FAILS HUMAN SRVS - ST OUTREACH & REFERRAL JUL-DEC 2024 3,750.00
LSA ASSOCIATES INC.SCHAEFER RANCH GHAD BIOLOGICAL SERVICES JUN 2025 100.00
MNS ENGINEERS, INC.DEVELOPMENT AND PERMITS INSPECTION AUG 2025 29,919.03
LANLOGIC INC.CISCO DNS WEB PROTECTION OCT 2025 1,050.00
LOVE NEVER FAILS HUMAN SRVS - ST OUTREACH & REFERRAL JAN-JUN 2025 3,750.00
HF&H CONSULTANTS, LLC SOLID WASTE FRANCHISE SUPPORT JUL 2025 5,682.50
ICC CODIFICATION, INC.MUNI CODE UPDATES 188.00
GUIDA MAP REVIEW SERVICES AUG 2025 978.85
MCE CORPORATION MAINTENANCE SERVICES AUG 2025 750,763.92
GFT INFRASTRUCTURE, INC.CM SVCS - IRON HORSE NATURE PARK AND OPEN SPACE AUG 2025 52,388.90
GOODFELLOW BROS. CALIFORNIA, LLC IRON HORSE NATURE PARK AND OPEN SPACE AUG 2025 635,293.44
FEHR & PEERS EASTERN DUB. TRAFFIC IMPACT FEE UPDATE JUN 2025 3,771.00
GFT INFRASTRUCTURE, INC.CM SVCS - DOUGHERTY HILLS OPEN SPACE SLIDE REPAIR AUG 2025 35,952.30
FEHR & PEERS EASTERN DUB. TRAFFIC IMPACT FEE UPDATE AUG 2025 603.75
FEHR & PEERS EASTERN DUB. TRAFFIC IMPACT FEE UPDATE JUL 2025 2,207.13
ENGEO INC SCHAEFER RANCH GHAD CONSULTING SERVICES AUG 2025 3,714.50
EVERYTHING GROWS INTERIOR LANDSCAPING INTERIOR PLANT CARE & MAINT. - OCT 2025 250.36
ENGEO INC FALLON CROSSING GHAD CONSULTING SERVICES AUG 2025 3,596.08
ENGEO INC FALLON VILLAGE GHAD CONSULTING SERVICES AUG 2025 7,416.70
ENGEO INC FALLON VILLAGE GHAD CONSULTING SERVICES JUL 2025 23,577.37
ENGEO INC SCHAEFER RANCH GHAD CONSULTING SERVICES JUL 2025 7,145.26
DRYCO CONSTRUCTION, INC.FALLON VILLAGE GHAD - CRACK SEALING TRAIL REPAIR 27,000.00
ENGEO INC FALLON CROSSING GHAD CONSULTING SERVICES JUL 2025 3,671.00
DREAM RIDE ELEVATOR ELEVATOR MAINTENANCE SEP 2025 564.00
DREW HARRISON SPLATTER PERFORMER 4,000.00
D HARRIS TOURS, INC SHUTTLE FOR SPLATTER 1,960.00
DEBBIE BELL CONFERENCE REIMBURSEMENT - PWX LODGING 1,461.55
CDW GOVERNMENT INC HP DESIGNJET Z6DR PLOTTER PRINTER 9,819.99
CHAIN LINK FENCE & SUPPLY, INC.FALLON FIELD FENCE MESH NETTING SEP 2025 19,781.00
CDW GOVERNMENT INC KEEPER BUNDLE SOFTWARE 70.86
CDW GOVERNMENT INC APPLE MACBOOK PRO & APPLECARE 6,103.23
CSW/STUBER-STROEH ENGINEERING GROUP, INC.GREEN STORMWATER INFRASTRUCTURE ENG SVCS AUG 2025 6,078.50
CSW/STUBER-STROEH ENGINEERING GROUP, INC.VILLAGE PARKWAY RECON - DESIGN SVCS JUL 2025 12,822.67
CONSOR PMCM, INC.CM INSPECTION - ENERGY EFFICIENCY PROJECT MAY 2025 400.60
CONSOR PMCM, INC.CM INSPECTION - ENERGY EFFICIENCY PROJECT JUL 2025 1,502.25
CITY OF FREMONT ALAMEDA COUNTYWIDE CLEAN WATER MEMBERSHIP 2025-2026 91,023.00
CONSOR PMCM, INC.CM INSPECTION - ENERGY EFFICIENCY PROJECT APR 2025 1,001.50
CARBONIC SERVICE POOL CHEMICAL FOR PH BALANCE 1,721.75
AVI-SPL LLC PSC CONF ROOM AV EQUIPMENT 12,181.21
AT&T - CALNET 3 SERVICE TO PSC 09/01/2025 120.29
AVANTPAGE INC TRANSLATION - EOC PRESS RELEASE TEMPLATES 1,379.73
CDW GOVERNMENT INC CIVIC CENTER - BARCO GEN2 CLICKSHARE - AV UPGRADE 2,667.41
CDW GOVERNMENT INC CISCO MERAKI SUBSCRIPTION - 2 USERS 50.78
CASTRO VALLEY PERFORMING ARTS REC CLASS INSTRUCTOR 507.00
AMERICAN ENVIRO SERVICES, INC.GSI TRASH CAPTURE DEVICE CONSTRUCTION SEP 2025 198,406.55
AMY L. JONES REC CLASS INSTRUCTOR 237.60
A4 PROMOTIONS & INCENTIVES ED - BUSINESS ANNIVERSARY SIGNS 117.01
AGRICULTURAL NATURAL RESOURCES FALLON VILLAGE GHAD MITIGATION PROPERTY MANAGEMENT 2025 16,516.85
A4 PROMOTIONS & INCENTIVES INSIDE DUBLIN PRINTING 75.64
A4 PROMOTIONS & INCENTIVES NIGHT MARKET /WAVE SIGNAGE 205.91
A S DUTCHOVER & ASSOCIATES DEVELOPMENT REVIEW AUG 2025 225.00
A4 PROMOTIONS & INCENTIVES SPLATTER SIGNAGE 2,210.00
A S DUTCHOVER & ASSOCIATES DEVELOPMENT REVIEW JUL 2025 216.25
VISION SERVICE PLAN - (CA)VISION INSURANCE PREMIUM - SEP 2025 2,124.18
Payments Issued 10/3/2025 Total: 16,278.83
DELTA DENTAL OF CALIFORNIA DELTA DENTAL PREMIUM - SEP 2025 14,154.65
UNUM LIFE INS CO OF AMERICA LIFE AND AD&D PREMIUM - SEP 2025 12,952.60
Payments Issued 10/1/2025 Total: 12,952.60
City of Dublin
Payment Issuance Report
Print Date: 11/3/2025
Payments Dated 10/1/2025 through 10/31/2025
Page 1 of 6
Payee Description Amount
Attachment 1
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Payment Issuance Report
Print Date: 11/3/2025
Payments Dated 10/1/2025 through 10/31/2025
Page 2 of 6
10/6/2025
10/6/2025
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10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/6/2025
10/8/2025
10/9/2025
10/10/2025
10/10/2025
10/14/2025
10/14/2025
10/14/2025
10/14/2025
10/15/2025
10/15/2025
10/15/2025
10/15/2025
10/15/2025
10/15/2025
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BLAISDELL'S BUSINESS PRODUCTS OFFICE SUPPLIES SEP 2025 3,384.18
BIG O'TIRES #7 POLICE VEHICLE MAINTENANCE & REPAIRS 252.19
AVI-SPL LLC PSC - CHIEF CONF ROOM AV EQUIPMENT 12,131.98
AT&T - CALNET 3 SERVICE TO FSP FAX 09/14/2025 61.27
CALIFORNIA BUILDING STANDARDS COMMISSION JUL-SEP 2025 GREEN FEES 3,776.40
CALLANDER ASSOCIATES INC.WALLIS RANCH COMM. PARK CM AUG 2025 2,547.81
BP PRODUCTS NORTH AMERICA, INC.DEVELOPER DEPOSIT (DV0424) BALANCE REFUND 418.04
BRINKS, INC.ARMORED CAR SERVICE OCT 2025 373.71
AT&T - CALNET 3 SHANNON CENTER ALARM 93910633 09/12/2025 31.41
AT&T - CALNET 3 SERVICE TO ELEVATOR 09/14/2025 91.12
AT&T - CALNET 3 SERVICE TO HERITAGE CTR BK UP 09/06/2025
61.27
AT&T - CALNET 3 SERVICE TO CY FAX 09/14/2025 31.41
AT&T - CALNET 3 SERVICE TO CIVIC 09/12/2025 21.00
AT&T - CALNET 3 SERVICE TO LIBRARY 911 09/14/2025 31.41
AT&T - CALNET 3 HERITAGE 9391018979 09/14/2025 31.41
AT&T - CALNET 3 SERVICE TO SHANNON 09/12/2025 270.23
AT&T - CALNET 3 SERVICE TO SR ALARM 09/12/2025 214.56
AT&T - CALNET 3 SERVICE TO FS18 9/14/2025 91.12
AT&T - CALNET 3 SERVICE TO CY 09/14/2025 236.41
66.33
AT&T - CALNET 3 SERVICE TO WAVE 09/12/2025 120.97
AMERICAN ASSOCIATION OF UNIVERSITY WOMEN (AAUW)PCS ACCOUNT CREDIT REFUND 500.00
ARG CONSERVATION SERVICES, INC REHABILITATION AND RELOCATION OF CAMP PARKS SIGN PP#3 158,394.20
AT&T - CALNET 3 SERVICE TO PSC FIRE ALARM 09/14/2025 61.27
ADVANCED INTEGRATED PEST MANAGEMENT PEST MANAGEMENT SEP 2025 6,428.80
AKSHAY ARORA ARORA TENNIS & FITNESS ACADEMY REC CLASS INSTRUCTOR 18,104.40
ALLIANT INSURANCE SVCS INC FACILITY INSURANCE POLICY PYMT JUL - SEP 2025 14,807.00
ALAMEDA COUNTY FIRE DEPARTMENT FIRE SERVICES FY25-26 OCT 2025 1,578,858.83
ALL CITY MANAGEMENT SVCS INC CROSSING GUARD SERVICES SEP 2025 46,241.73
ALAMEDA CO SHERIFF'S OFFICE DPS BUSINESS CARDS 16.56
AT&T - CALNET 3 SERVICE TO CY 09/14/2025
4LEAF INC.BUILDING INSPECTION AND PLAN REVIEW - SEP 2025 79,845.00
A4 PROMOTIONS & INCENTIVES CDD BUSINESS CARDS 52.78
Payments Issued 10/14/2025 Total: 42,831.67
I C M A 457 PLAN DEFERRED COMP 457: PE 10/3/25 33,101.52
US BANK - PARS PARS: PE 10/03/2025 4,135.40
HEALTHEQUITY, INC.HEALTHEQUITY: PE 10/03/2025 4,080.68
I C M A 401 PLAN DEFERRED COMP 401: PE 10/03/2025 1,514.07
Payments Issued 10/10/2025 Total: 133,634.15
CAL PERS PERS RETIREMENT PLAN: PE 10/3/25 104,302.61
EMPLOYMENT DEVELOPMENT DEPT CA STATE WITHHOLDING: PE 10/3/25 29,331.54
Payments Issued 10/9/2025 Total: 99,225.08
INTERNAL REVENUE SERVICE FEDERAL WITHHOLDING: PE 10/3/25 99,225.08
CAL PERS HEALTH PREMIUM HEALTH INSURANCE PREMIUM - OCT 2025 205,408.29
Payments Issued 10/8/2025 Total: 205,408.29
Payments Issued 10/6/2025 Total: 2,672,953.20
WORKFORCE INTEGRITY & TRAINING SOLUTIONS, LLC CWA ADMIN - GREEN STORMWATER INFRAST AUG 2025 852.95
YOU SHOULD BE DANCING LLC SPLATTER PERFORMER 6,000.00
VANESSA ROSALES MILEAGE REIMBURSEMENT - ECS CONFERENCE 48.02
WORKFORCE INTEGRITY & TRAINING SOLUTIONS, LLC CWA ADMIN - DOUGHERTY HILLS SLIDE REPAIRS AUG 2025 921.46
T-MOBILE USA, INC.PIO & PW CELL PHONE THROUGH 9/20/25 604.59
STUDIO BLUE REPROGRAPHICS CITY COUNCIL PRINTING- GENERAL LAND PLAN MAP 384.22
SPECIAL EVENTS TENTING FOR WALLIS RANCH GRAND OPENING 2,052.75
STRAWN CONSTRUCTION, INC.CULTURAL ARTS REMODEL & CIVIC CTR IMPROV JUL-AUG 2025 462,672.94
UNICO ENGINEERING, INC.TRASH CAPTURE DEVICES - CONSTRUCTION MGMT AUG 2025 5,289.94
UNIVAR SOLUTIONS SODIUM HYPOCHLORITE POOL CHEMICAL 5,715.36
TRI-VALLEY JANITORIAL INC.JANITORIAL SUPPLIES SPLATTER CLEAN UP SEP 2025 893.30
TRI-VALLEY JANITORIAL INC.JANITORIAL SERVICE SPLATTER CLEAN UP SEP 2025 1,246.03
TOWNSEND PUBLIC AFFAIRS, INC GRANT STRATEGY AND WRITING SERVICES OCT 2025 5,000.00
TRI-VALLEY JANITORIAL INC.JANITORIAL SUPPLIES SEP 2025 5,433.23
SNG & ASSOCIATES INC.DEVELOPMENT REVIEW JUL 2025 10,922.50
RRM DESIGN GROUP, A CA CORP DEVELOPMENT REVIEW AUG 2025 698.75
SHAMROCK OFFICE SOLUTIONS, LLC FILE 2399 FREIGHT FOR PRINTER TONER SCC 15.00
RIDDHI JHAVERI PCS RENTAL SECURITY DEPOSIT REFUND 750.00
RON HSI TRI-VALLEY AIKIDO REC CLASS INSTRUCTOR 576.00
STUDIO BLUE REPROGRAPHICS IRRIGATION SYSTEM UPGRADES PROJECT PLAN SET PRINT 274.09
PG&E DUBLIN SPORTS GROUNDS 08/27/2025 1,892.46
QUADIENT LEASING USA, INC.NEOPOST MAIL MACHINE LEASE JUL-OCT 2025 1,282.75
PAKPOUR CONSULTING GROUP, INC.CM/INSP SERVICES IRON HORSE TRAIL BRIDGE JUL 2025 1,612.00
PG&E SHANNON COMMUNITY CENTER 08/27/2025 96.72
SNG & ASSOCIATES INC.DEVELOPMENT REVIEW JUN 2025 7,363.50
QUENCH USA, INC.WATER SERVICES D073825 OCT 2025 1,658.51
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Print Date: 11/3/2025
Payments Dated 10/1/2025 through 10/31/2025
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10/15/2025 PG&E STAGECOACH LMD 1983-2 09/12/2025 117.54
PG&E FIRE STATION 17 09/03/2025 155.21
PG&E TRAFFIC SIGNALS 09/08/2025 1,176.16
PG&E SANTA RITA LMD 1997-1 09/09/2025 119.76
PG&E POLICE SERVICES 09/11/2025 3,598.58
PG&E DOLAN PARK 09/09/2025 135.38
PG&E BUTTERFLY KNOLL PARK 09/03/2025 15.98
PG&E TED FAIRFIELD PARK 09/08/2025 110.93
PG&E WALLIS RANCH COMMUNITY PARK 09/03/2025 104.81
PG&E DEVANY SQUARE 09/09/2025 20.70
PG&E TRAFFIC SIGNALS 08/11/2025 10,698.84
PG&E WALLIS RANCH COMMUNITY PARK 08/04/2025 84.34
PG&E DUBLIN SPORTS GROUND EV 09/01/2025 191.13
PG&E BRAY COMMONS 09/09/2025 119.44
PG&E EMERALD GLEN PARK 09/07/2025 7,271.64
PG&E ALAMO CREEK PARK 9/4/2025 99.89
PG&E LANDSCAPING 09/04/2025 2,463.58
PG&E FALLON SPORTS PARK 09/03/2025 7,429.05
PG&E DON BIDDLE COMMUNITY PARK 09/14/2025 346.04
PG&E 6020 DUBLIN BLVD 1010865440 09/11/2025 108.27
PG&E 6196 HORIZON PKWY M DONBIDDLE 09/14/2025 1,733.58
PG&E STAGECOACH PARK 09/12/2025 68.26
PG&E WALLIS RANCH COMMUNITY PARK 07/06/2025 48.77
PAKPOUR CONSULTING GROUP, INC.CM/INSP SERVICES - REGIONAL ST CROSSWALK SEP 2025 9,189.00
PAKPOUR CONSULTING GROUP, INC.RESTROOM REPLACEMENT PROJECT MANAGEMENT JUL 2025 2,728.00
PAKPOUR CONSULTING GROUP, INC.CM/INSP SERVICES - FOREST PARK JUL 2025 17,595.63
M-GROUP PLANNING SERVICES - BOULEVARD PH 1-5 SEP 2025 1,125.00
NICHOLS CONSULTING ENGINEERS, CHTD ADDTNL DESIGN CONSTRUCTION SUPPORT SVCS AUG 2025 6,351.91
PG&E STREETLIGHTS–CITYWIDE 1983-1 09/12/2025 25,794.94
LIFELOC TECHNOLOGIES INC DPS BREATHALYZER CALIBRATION 138.21
LIVERMORE-PLEASANTON UMPIRES ASSOCIATION SPORTS OFFICIATING SEP 2025 4,030.00
LANLOGIC INC.NETWORK ENGINEERING CONSULTING SERVICES SEP 2025 1,345.50
KIMLEY-HORN AND ASSOC. INC.DESIGN REVIEW DUBLIN BLVD NORTH CANYONS PRKWY AUG 2025 11,600.00
KIMLEY-HORN AND ASSOC. INC.DESIGN SERVICES - SLIDES REPAIR AUG 2025 15,540.00
PAKPOUR CONSULTING GROUP, INC.CM/INSP SERVICES - FOREST PARK AUG 2025 4,567.50
INTEGRA PLANNING & LANDSCAPE ARCHITECTURE LANDSCAPE PLAN CHECK & INSPECTIONS SEP 2025 405.00
IRON MOUNTAIN FINANCE RECORDS STORAGE SEPT-OCT 2025 364.59
HIREAUVPRO.COM LLC SPLATTER DRONE SHOW 35,000.00
IAN CHIN PHOTOGRAPHY SERVICES - NIGHT MARKET 500.00
HARRELL HARRIS PHOTOGRAPHY PHOTOGRAPHY SERVICES- SENIOR INFO FAIR 600.00
HEALTHEQUITY, INC.HEALTHCARE/COMMUTER BENEFIT SEPT/OCT 2025 664.25
GRAY-BOWEN-SCOTT DUBLIN BLVD EXTENSION PROJECT MANAGEMENT SERVICES JUL 2025 2,987.00
GRAY-BOWEN-SCOTT DUBLIN BLVD EXTENSION PROJECT MANAGEMENT SERVICES AUG 2025 147.25
GRANITE CONSTRUCTION CO INC.DUBLIN BOULEVARD SLIDE AND TRAIL REPAIR JUL-AUG 2025 371,592.50
GRAY-BOWEN-SCOTT DUBLIN BLVD EXTENSION PROJECT MANAGEMENT SERVICES JUN 2025 3,908.47
GOLDEN STATE FLEET SVCS INC TOWING SERVICES 675.00
GRAFIX SHOPPE POLICE VEHICLE DECAL INSTALLATION 624.43
DSRSD BILLING PERIOD: 08/01/25-9/30/25 544,555.65
DONE RIGHT HOME REMODELING DEVELOPER DEPOSIT (DV0435) BALANCE REFUND 3,285.96
ENTERPRISE RENT A CAR EAN SERVICES, LLC RENTAL CARS FOR DPS SIU 3,677.64
EUROPEAN MOBILE WERKS POLICE VEHICLE MAINTENANCE & REPAIRS 3,146.57
EAST BAY POOL SERVICE, INC.GENERAL POOL MAINTENANCE - SEPT 2025 10,500.00
GERMAN SHEPHERD RESCUE OF NORTHERN CALIFORNIA PCS RENTAL SECURITY DEPOSIT REFUND 1,000.00
FBD VANGUARD CONSTRUCTION SAFE ROUTES TO SCHOOL CONSTRUCTION APR 2025 186,458.36
FRANCHISE TAX BOARD EMPLOYEE INCOME TAX EARNINGS WITHHOLDING 965.11
DEPT OF CONSERVATION DIV OF ADMIN SVCS AC JUL-SEP 2025 SMIP FEE PASSTHROUGH 12,915.79
DIV OF THE STATE ARCHITECT JUL 1-AUG 11 2025 CASP FEE PASSTHROUGH 47.60
CRAIG L BETTENCOURT PROJECT DEVELOPMENT & FINANCE SOLUTIONS SEP 2025 3,372.49
DAVID FORD DEVELOPER DEPOSIT (DV0416) BALANCE REFUND 344.03
CORWOOD CAR WASH, INC.CAR WASHES FOR POLICE VEHICLES JUL- SEP 2025 2,808.00
COULSON & ASSOCIATES JORDAN RANCH NEIGHBORHOOD SQUARE PLAN REVIEWS APR 2025 475.00
CINTAS CORPORATION NO.2 FIRST AID KIT REPLENISHMENT 252.35
CHRISTINE PETIT REC CLASS INSTRUCTOR 540.00
CDW GOVERNMENT INC AZURE CLOUD BACKUP JUN 2025 1,490.05
CHANDLER ASSET MANAGEMENT INVESTMENT CONSULTING SERVICES - SEP 2025 15,025.46
CONSOR PMCM, INC.CM INSPECTION - DUBLIN ENERGY EFFICIENCY PROJECT AUG 2025 801.20
CONVERGEONE, INC.ANNUAL CISCO MANAGED SERVICES AGREEMENT 2025-2026 19,051.44
COMMUNE COMMUNICATION CORP ED MARKETING AND BRANDING STRATEGY CONSULTING SEP 2025 10,425.00
CONSOR NORTH AMERICA, INC.CM INSPECTION - KOOPMAN CANYON CREEK CHANNEL & BANK REPAIR AUG 2025 764.00
CIVICA LAW GROUP APC LEGAL SERVICES SEP 2025 15,080.67
CDW GOVERNMENT INC AZURE CLOUD BACKUP MAY 2025 1,065.78
CDW GOVERNMENT INC CDW- CVC BRAY COMMUNITY ROOM AV EQUIPMENT 22,367.12
CARBONIC SERVICE POOL CHEMICAL FOR PH BALANCE 737.44
CDW GOVERNMENT INC LOGITECH WALL MOUNT - AV UPGRADES 296.91
CALLANDER ASSOCIATES INC.MAPE PARK PATHWAY RELOCATION CM AUG 2025 611.36
CAPPSTONE, INC WAVE CONCESSIONS ANNUAL KITCHEN CLEANING SVC.1,752.00
145
City of Dublin
Payment Issuance Report
Print Date: 11/3/2025
Payments Dated 10/1/2025 through 10/31/2025
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10/15/2025
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10/16/2025
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10/20/2025
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10/20/2025 PLANT CONSTRUCTION COMPANY, L.P.EXTERIOR IMPROVEMENT PDB DESIGN AGREEMENT 161,745.12
LYNX TECHNOLOGIES, INC.GIS CONSULTING SERVICES AUG-SEP 2025 2,325.00
MICHAEL BOITNOTT CONFERENCE REIMBURSEMENT - 2025 ASCE CONVENTION 2,665.41
KRAMER WORKPLACE INVESTIGATIONS LEGAL SERVICES AUG 2025 12,460.00
LEO BASPED CONFERENCE REIMBURSEMENT - CCPOA 1,157.60
KRAMER WORKPLACE INVESTIGATIONS LEGAL SERVICES JUL 2025 2,887.50
JOHNSON CONTROLS SECURITY SOLUTIONS, LLC.ALARM SERVICES CIVIC 2025-2026 801.28
KIMLEY-HORN AND ASSOC. INC.SAFE ROUTES TO SCHOOL AUG 2025 3,404.50
JEFF BAKER CONFERENCE REIMBURSEMENT - ANNUAL LOCC 1,875.36
JESSICA LA STRAPE CONFERENCE REIMBURSEMENT- CCPOA 1,257.68
NRG CLEAN POWER PERMIT REFUND BLDG-008031-2025 48.00
DSRSD FOREST PARK CONNECTION FEES 70,842.40
EUROPEAN MOBILE WERKS POLICE VEHICLE MAINTENANCE & REPAIRS 619.98
DC ELECTRIC GROUP INC.SOLAR STREETLIGHT PILOT PROJECT - SL INSTALLATION 24,000.00
DENALECT ALARM COMPANY QUARTERLY ALARM CHARGE F/S 18 363.00
HINDERLITER, DE LLAMAS & ASSOC CONTRACT SERVICES - SALES TAX JUL-SEP 2025 5,618.65
ICMA ICMA MEMBERSHIP RENEWAL JAN-DEC 2026 1,200.00
GEOCON CONSULTANTS, INC.GEOTECHNICAL INVESTIGATION-SHANNON AVE LEAK AUG 2025 1,070.00
GFT INFRASTRUCTURE, INC.CM/PM SERVICES - WALLIS RANCH PARK AUG 2025 26,394.90
GEOCON CONSULTANTS, INC.GEOTECHNICAL INVESTIGATION-SHANNON AVE LEAK SEP 2025 1,400.00
CATALINA MEDELES-GUEVARA CONFERENCE REIMBURSEMENT- CCPOA 1,095.33
CHRISTINE PETIT REC CLASS INSTRUCTOR 186.00
BSK ASSOCIATES INC.INSPECTION/TESTING SERVICES FOR CAMP PARKS SIGN JUL 2025 2,649.00
CALEHS ATTN: JOE MOULTON INSPECTION CIVIC CENTER GENERATOR AUG-SEP 2025 900.00
BOUND TREE MEDICAL, LLC.DPS EVIDENCE - GLOVES 383.04
BSK ASSOCIATES INC.WALLIS RANCH GEOTECH SRVS FOR SOIL CLASSIFICATION AUG 2025 2,901.50
ALAMEDA COUNTY ENVIRONMENTAL HEALTH ALCO HMBP PERMIT - LIBRARY 2025 1,719.00
ALAMEDA COUNTY ENVIRONMENTAL HEALTH ALCO HMBP PERMIT - WAVE 2025 884.00
ALAMEDA COUNTY ENVIRONMENTAL HEALTH ALCO HMBP PERMIT - CORP YARD 2025 1,893.00
BIG O'TIRES #7 POLICE VEHICLE MAINTENANCE & REPAIRS 104.65
AMY MILLION EXPENSE REIMBURSEMENT - INSIDE DUBLIN PURCHASES 30.00
BAY ALARM COMPANY ALARM SERVICES HERITAGE SERV CALL OCT 2025 457.24
ALAMEDA COUNTY LAFCO LAFCO APPORTIONMENT FOR FY 2025-2026 5,653.00
AMADOR VALLEY INDUSTRIES LLC TRASH SERVICES - CAMP PARKS SEP 2025 36,260.06
A4 PROMOTIONS & INCENTIVES TRUNK OR TREAT SIGNS 411.50
AKSHAY ARORA ARORA TENNIS & FITNESS ACADEMY REC CLASS INSTRUCTOR 23,006.40
A S DUTCHOVER & ASSOCIATES LANDSCAPE PLAN CHECK & INSPECTIONS SEP 2025 247.50
WING YEE LAM TRAINING REIMBURSEMENT 225.00
Payments Issued 10/16/2025 Total: 64,748.33
WORKFORCE INTEGRITY & TRAINING SOLUTIONS, LLC WALLIS RANCH PARK - CWA ADMIN AUG 2025 1,121.28
W-TRANS MULTI-FAMILY PARKING REQUIREMENTS STUDY JUL 2025 922.50
WORKFORCE INTEGRITY & TRAINING SOLUTIONS, LLC IRON HORSE NATURE PARK - CWA ADMIN AUG 2025 1,065.39
SHANE FIELDS CONFERENCE REIMBURSEMENT - APA CONFERENCE 257.53
U.S. BANK CORPORATE PMT SYSTEM PURCHASE CARD STATEMENT SEP 2025 64,089.36
MICHELLE SUNG CONFERENCE REIMBURSEMENT - CRRA CONFERENCE 176.44
W-TRANS MULTI-FAMILY PARKING REQUIREMENTS STUDY AUG 2025 6,305.00
Payments Issued 10/15/2025 Total: 3,772,826.44
ULINE, INC.WAVE OPERATING SUPPLIES 1,522.63
WEE HOOP, INC.REC CLASS INSTRUCTOR 2,073.60
TREASURER ALAMEDA COUNTY GENERAL SERVICES AGENCY FUEL AUG 2025 22,806.40
TRI-VALLEY COMMUNITY TV RECORD/TELEVISE CITY COUNCIL & PLN COMM MTGS SEP 2025 1,083.37
THE SOURCING GROUP, LLC PCS BAT BUSTER SHIRTS 669.51
T-MOBILE USA, INC.CELL PHONE SERVICE THROUGH 9/20 634.64
STANFORD HEALTH -VALLEYCARE OCCUPATIONAL MEDICAL TEST FEES - SEP 2025 306.00
SUNFLOWER GRACE LP SUNFLOWER HILL AT GRACE POINTE AFFORDABLE HOUSING APR 2025 191,851.02
SELECT IMAGING BICYCLE BELL PROMOTIONAL ITEM W/ FULL COLOR EPOXY IMPRINT 4,996.63
SIMPLER SYSTEMS, INC SIMPLER SOFTWARE LICENSING SUPPORT OCT 2025 1,650.00
RRM DESIGN GROUP, A CA CORP PROTOTYPE ADU CODE UPDATE AUG 2025 5,976.25
SAND TRAPP LLC SMALL BUSINESS ASSISTANCE PROGRAM REIMBURSEMENT 28,000.00
REDWOOD PUBLIC LAW, LLP PROFESSIONAL SERVICES RENDERED THROUGH AUG 2025 99,568.07
QUADIENT LEASING USA, INC.POSTAGE MACHINE LEASE JUL 2025 - OCT 2025 210.57
R. YOUNAN LLC REC CLASS INSTRUCTOR 2,272.20
RRM DESIGN GROUP, A CA CORP PROTOTYPE ADU CODE UPDATE JUN 2025 252.00
RRM DESIGN GROUP, A CA CORP PROTOTYPE ADU CODE UPDATE JUL 2025 3,477.75
RRM DESIGN GROUP, A CA CORP LANDSCAPE PLAN CHECK & INSPECTIONS AUG 2025 2,078.50
RRM DESIGN GROUP, A CA CORP LANDSCAPE PLAN CHECK & INSPECTIONS JUL 2025 2,703.75
RON HSI TRI-VALLEY AIKIDO REC CLASS INSTRUCTOR 192.00
PG&E PIAZZA SORRENTO PARK 09/09/2025 16.96
PG&E THE WAVE 09/03/2025 27,473.50
PG&E PUBLIC SAFETY COMPLEX 09/12/2025 1,095.93
PG&E STREETLIGHTS EASTDUBLIN1999-1 09/12/2025 12,084.23
PG&E SENIOR CENTER 09/09/2025 711.58
RAGBIR S BRAICH PERMIT REFUND BLDG-004026-2024 - WM BOND 4,584.95
PG&E FIRE STATION 18 09/09/2025 60.39
146
City of Dublin
Payment Issuance Report
Print Date: 11/3/2025
Payments Dated 10/1/2025 through 10/31/2025
Page 5 of 6
10/20/2025
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10/23/2025
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10/24/2025
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10/27/2025
10/27/2025
10/27/2025
10/27/2025
10/27/2025
10/27/2025 MAKE ME A PRO SPORTS REC CLASS INSTRUCTOR 3,556.80
LANGUAGE LINE SERVICES LANGUAGE LINE SERVICES FOR SEP 2025 31.20
LEO BASPED REVISED TRAVEL REIMBURSMENT 107.53
JOY LIU PHOTOGRAPHY SERVICES - HARVEST FAIR 390.00
JULIUS PICKNEY CONFERENCE REIMBURSEMENT 140.35
JOHNSON CONTROLS SECURITY SOLUTIONS, LLC.ALARM SERVICES PSC SEPT 2025 1,287.75
JOHNSON CONTROLS SECURITY SOLUTIONS, LLC.ALARM SERVICES LIBRA BATTERY PANIC BUTTON OCT 2025 41.78
JESSICA LA STRAPE CONFERENCE REIMBURSEMENT 12.65
JOHN MORADA CONFERENCE REIMBURSEMENT - LOCC 65.97
ICMA ICMA MEMBERSHIP RENEWAL JAN-DEC 2026 1,200.00
INTERACTIVE DATA, LLC PD - SOCIAL MEDIA SEARCH SEP 2025 290.50
GOVERNMENTJOBS.COM NEOGOV RENEWAL DEC 2025-NOV 2026 6,497.37
I C M A 401 PLAN DEFERRED COMP 401: PE 10/17/2025 1,501.33
I C M A 457 PLAN DEFERRED COMP 457: PE 10/17/25 & OCTOBER COUNCIL 36,164.86
HEALTHEQUITY, INC.HEALTHEQUITY: PE 10/17/2025 4,042.21
HF&H CONSULTANTS, LLC SOLID WASTE FRANCHISE SUPPORT AUG 2025 17,450.00
GRAYBAR ELECTRIC COMPANY, INC.DAC - CAT 6 PUNCHDOWN JACKS - 100 VIOLET 787.19
HALEY HASLIM UTILITY BOX ARTIST PAYMENT 1,000.00
EUROPEAN MOBILE WERKS POLICE VEHICLE MAINTENANCE & REPAIRS 3,240.73
EOA, INC.ESD PLAN REVIEW ASSISTANCE JUL 2025 834.00
EOA, INC.ESD PLAN REVIEW ASSISTANCE AUG 2025 1,112.00
ENGEO INC FALLON VILLAGE GHAD CONSUTLTING SERVICES SEP 2025 4,178.26
ENGEO INC SCHAEFER RANCH GHAD CONSULTING SERVICES SEP 2025 6,264.29
GOODFELLOW BROS. CALIFORNIA, LLC IRON HORSE NATURE PARK AND OPEN SPACE SEP 2025 62,584.10
DUBLIN UNIFIED SCHOOL DISTRICT DEVELOPER DEPOSIT (DV0323) BALANCE REFUND 165.00
ENGEO INC FALLON CROSSING GHAD CONSULTING SERVICES SEP 2025 2,980.00
DEPARTMENT OF JUSTICE ACCTNG OFFICE-CASHIERING UNI LIVESCAN FEES - AUG 2025 689.00
DEREK TEADERMAN CONFERENCE REIMBURSEMENT - DANTE TRAINING 1,489.79
CSW/STUBER-STROEH ENGINEERING GROUP, INC.STORMWATER BUSINESS INSPECTIONS JUL 2025 17,278.50
DANIELLE MASKIELL UTILITY BOX ARTIST PAYMENT 1,000.00
CHRISTINE PETIT REC CLASS INSTRUCTOR 1,614.00
CASCADIA CONSULTING GROUP, INC SB 1383 IMPLEMENTATION ASSISTANCE AUG 2025 2,602.50
CATALINA MEDELES-GUEVARA CONFERENCE REIMBURSEMENT 34.32
CONSOR NORTH AMERICA, INC.BRIDGE INSPECTION - PHASE 4 AUG 2025 2,490.00
CREATIVE PRODUCT SOURCING, INC/DARE PROMOTIONAL PRODUCTS 3,899.13
COMCAST COMCAST TV - AV TV30 ROOM 10.18-11.17.25 119.98
CONSOR NORTH AMERICA, INC.BRIDGE INSPECTION - PHASE 4 JUL 2025 3,777.00
CINTAS CORPORATION NO.2 FIRST AID RESTOCK - OCT 2025 103.06
COMCAST INTERNET/CABLE SVC WAV, SNC, PSC 650.43
CASCADIA CONSULTING GROUP, INC SB 1383 IMPLEMENTATION ASSISTANCE JUL 2025 3,760.00
BRYCE CONSULTING, INC.CLASS STUDY-PARKS & FACILITIES DEV COORDINATOR SEP 2025 380.00
BSK ASSOCIATES INC.INSPECTION/TESTING SERVICES FOR CAMP PARKS SIGN SEP 2025 2,055.25
BRADLEY OLSON CONFERENCE REIMBURSEMENT - MMANC CONFERENCE 203.30
BRYCE CONSULTING, INC.CLASS STUDY-PARKS & FACILITIES DEV COORDINATOR AUG 2025 190.00
CHRIS SHEPARD CONFERENCE REIMBURSEMENT 9.06
BIG O'TIRES #7 POLICE VEHICLE MAINTENANCE & REPAIRS 1,115.88
BAY ALARM COMPANY ALARM SERVICES FS17 UL CERTIFICATE FEES 2025 143.00
BAY ALARM COMPANY ALARM SERVICES SENIOR UL CERTIFICATE FEES 2025 143.00
AT&T PSC- 600M INTERNET/VOICE 10.7-11.6.25 371.39
AT&T - CALNET 3 ASE CIRCUITS TO 9/30/25 2,337.42
CALLYO 2009 CORP.INVESTIGATIVE SOFTWARE OCT 2025-SEP 2026 4,920.00
AMY MILLION CONFERENCE REIMBURSEMENT - APA CONFERENCE 182.40
ALAMEDA COUNTY INFO TECH DEPT AERIAL IMAGERY USE AGREEMENT 2,184.00
EMPLOYMENT DEVELOPMENT DEPT CA STATE WITHHOLDING: PE 10/17/25 & OCTOBER COUNCIL 28,210.29
Payments Issued 10/24/2025 Total: 28,210.29
BAY ALARM COMPANY ALARM SERVICES SHANNON UL CERTIFICATE FEES 2025 143.00
CAL PERS PERS RETIREMENT PLAN: PE 10/17/25 & OCTOBER COUNCIL 100,064.17
INTERNAL REVENUE SERVICE FEDERAL WITHHOLDING: PE 10/17/25 & OCTOBER COUNCIL 95,947.88
Payments Issued 10/20/2025 Total: 446,607.99
ALL CITY MANAGEMENT SVCS INC CROSSING GUARD SERVICES OCT 2025 23,041.68
WORKFORCE INTEGRITY & TRAINING SOLUTIONS, LLC WALLIS RANCH PARK - CWA ADMIN DEC 2023 1,416.60
WC3-WEST COAST CODE CONSULTANT PLAN REVIEW - SEP 2025 3,255.00
WORKFORCE INTEGRITY & TRAINING SOLUTIONS, LLC IRON HORSE NATURE PARK - CWA ADMIN OCT 2025 206.00
UNIVERSAL BUILDING SERVICES & SUPPLY CO.KITCHEN CHAIR CLEANING PSC SEP 2025 194.00
WATERCO OF THE CENTRAL STATES REVERSE OSMOSIS WATER SOFTENER FS17 OCT 2025 222.60
Payments Issued 10/23/2025 Total: 196,012.05
UNIVAR SOLUTIONS SODIUM HYPOCHLORITE POOL CHEMICAL 5,366.09
RAYNE OF SAN JOSE REVERSE OSMOSIS DRINKING WATER FS18 OCT 2025 37.00
TRB AND ASSOCIATES, INC.PLAN REVIEW & INSPECTION SERVICES - SEP 2025 29,104.00
QUADIENT FINANCE USA, INC.POSTAGE FEES FOR CIVIC SEP 2025 252.00
RAYNE OF SAN JOSE REVERSE OSMOSIS DRINKING WATER FS16 OCT 2025 37.00
WORKFORCE INTEGRITY & TRAINING SOLUTIONS, LLC WALLIS RANCH PARK - CWA ADMIN NOV 2023 1,298.42
TREASURER ALAMEDA COUNTY RETURN ASSET SEIZURE FUND-CASE: D21-03990 4,301.68
147
City of Dublin
Payment Issuance Report
Print Date: 11/3/2025
Payments Dated 10/1/2025 through 10/31/2025
Page 6 of 6
10/27/2025
10/27/2025
10/27/2025
10/27/2025
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10/27/2025
10/27/2025
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10/27/2025
10/27/2025
10/27/2025
10/27/2025
10/27/2025
10/29/2025
10/29/2025
Total Number of Payments Issued:
Grand Total for Payments Dated 10/1/2025 through 10/31/2025:
283
Payments Issued 10/29/2025 Total: 73,339.68
CLS/CERVANTES LANDSCAPE SERVICES,INC.MAPE MEMORIAL PARK PATHWAY RELOCATION AUG 2025 60,420.00
UNUM LIFE INS CO OF AMERICA LIFE AND AD&D PREMIUM - OCT 2025 12,919.68
Payments Issued 10/27/2025 Total: 664,818.95
VERIZON WIRELESS DATA PLAN FOR LICENSE PLATE READERS SEP 2025 320.08
VEXCEL IMAGING US, INC.AERIAL IMAGERY SERVICES 10/1-9/30/26 9,000.00
VALERIE DEAM MC GRATH IRISH DANCERS REC CLASS INSTRUCTOR 1,778.40
ZEN DUBLIN, LLC DEVELOPER DEPOSIT (DV0104) BALANCE REFUND 4,991.96
WATERCO OF THE CENTRAL STATES REVERSE OSMOSIS WATER SOFTENER FS18 OCT 2025 167.30
WORLD CUP SOCCER CAMPS CLINICS REC CLASS INSTRUCTOR 2,942.40
URBAN FIELD STUDIO OAKLAND DOWNTOWN ARCHITECTURAL DESIGN SERVICES SEP 2025 12,234.20
US BANK - PARS PARS: PE 10/17/2025 3,712.14
TRUMARK HOMES DEVELOPER DEPOSIT (DV0106) BALANCE REFUND 809.85
UNIVERSAL BUILDING SERVICES & SUPPLY CO.WINDOW AND CARPET CLEANING SEP 2025 11,397.40
TRI-VALLEY JANITORIAL INC.JANITORIAL SERVICES & SUPPLY - CAMP PARKS OCT 2025 34,419.43
TRI-VALLEY JANITORIAL INC.JANITORIAL SERVICE OCT 2025 25,432.21
TREASURER ALAMEDA COUNTY GENERAL SERVICES AGENCY FUEL SEP 2025 20,305.57
TRI-VALLEY JANITORIAL INC.JANITORIAL SERVICE EXTRA SERV SEP 2025 8,980.82
STORM WATER INSPECTION & MAINTENANCE SERVICES, INC TRASH CAPTURE DEVICE MAINTENANCE JUL 2025 15,595.00
THE RADAR SHOP INC LIDAR & RADAR RECERTIFICATIONS SEP 2025 1,368.00
SHAMROCK OFFICE SOLUTIONS, LLC FILE 2399 USAGE CHARGE 9/16-10/15/25 1,604.70
SPARTA 2002 DESIGNS & PROMOTIONS INC CPU PROMO ITEMS - COFFEE MUG 631.32
SFPP, L.P. KINDER MORGAN DEVELOPER DEPOSIT (DV0215) BALANCE REFUND 5,952.08
SHAMROCK OFFICE SOLUTIONS, LLC FILE 2399 SHAMROCK MONTHLY HARDWARE LEASE 9/30-10/30/25 1,720.18
SCA OF CA LLC STREET SWEEPING SERVICES AUG 2025 47,005.65
SCA OF CA LLC STREET SWEEPING SERVICES SEP 2025 47,005.65
RONALD L ESSEX PHOTOGRAPHY SERVICES - HARVEST FAIR 600.00
SCA OF CA LLC STREET SWEEPING SERVICES JUL 2025 47,005.65
PRO CYCLES LLC POLICE VEHICLE MAINTENANCE & REPAIRS 295.54
PAGE & TURNBULL INC CAMP PARKS SIGN PROJECT CA AND CM SERVICES MAY 2025 5,459.00
PAGE & TURNBULL INC CAMP PARKS SIGN PROJECT CA AND CM SERVICES JUL-AUG 2025 36,782.10
REDWOOD TOXICOLOGY LAB. INC.TOXICOLOGY SERVICES - OCT 2025 232.10
RILEY WALTER CONFERENCE REIMBURSEMENT 52.85
RACE TO ZERO WASTE WASTE SORTING FOR EVENTS, SPLATTER SEP 13, 2025 7,233.65
RAYNE OF SAN JOSE REVERSE OSMOSIS DRINKING WATER FS17 OCT 2025 37.00
QUADIENT FINANCE USA, INC.POSTAGE FEES FOR DPS - SEP 2025 150.00
QUETEL CORPORATION EVIDENCE SOFTWARE DEC 2025 - NOV 2026 4,638.92
OPENGOV, INC. DEPT. 0370 OPENGOV BUDGETING SOFTWARE SERVICES FY25-26 64,650.60
MMANC ANNUAL MEMBERSHIP RENEWAL 95.00
NICHOLS CONSULTING ENGINEERS, CHTD DUBLIN CT & SCARLETT CT PAVEMENT ANALYSIS AUG 2025 5,977.50
MELISSA MCNEIL CONFERENCE REIMBURSEMENT 46.32
MIGUEL CAMPOS CONFERENCE REIMBURSEMENT - IACP CONFERENCE 453.84
PLAN JPA GENERAL LIABILITY CLAIMS - SEP 2025 383.95
NORCAL RENTAL GROUP, LLC WALLIS RANCH GRAND OPENING GOLF CART RENTALS 497.63
148
STAFF REPORT
CITY COUNCIL
Page 1 of 5
Agenda Item 7.1
DATE: November 18, 2025
TO: Honorable Mayor and City Councilmembers
FROM: Colleen Tribby, City Manager
SUBJECT:
Approval of Workers’ Compensation Program Structure and
Recommendation to Transition to a Self-Funded Workers’ Compensation
Plan
Prepared by: Sarah Monnastes, Human Resources Director
EXECUTIVE SUMMARY:
The City Council will receive a report on Staff’s analysis of workers’ compensation programs
and discuss Staff’s recommendation to transition to a self-funded workers’ compensation
program, supported by a third-party administrator for day-to-day claims administration and
excess insurance for catastrophic claims.
STAFF RECOMMENDATION:
Approve the City’s transition to a self-funded workers’ compensation model beginning January
1, 2026, authorize the establishment of a workers’ compensation trust account, and authorize
the City Manager to execute all necessary agreements related to administration and excess
insurance.
FINANCIAL IMPACT:
The recommended self-funded program option requires contracting with a third-party
administrator and purchasing excess insurance, which costs approximately $165,000 annually,
combined (this would be pro-rated for the current fiscal year). The City is also required to
establish a workers’ compensation trust account, which Staff recommends funding with an
initial $50,000. Claims will be paid directly out of the trust, and the City can replenish the funds
as needed. Staff will return with a mid-year budget adjustment to request the appropriation of
these funds for the remainder of Fiscal Year 2025-26.
In addition, the City currently has approximately $187,000 held by the Cities Group . Although a
portion of that will be used to fund dissolution costs, some amount is expected to be returned
to Dublin in Fiscal Year 2026-27, which may partially offset expenses in the second year.
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DESCRIPTION:
Background
Since 2005, the City of Dublin has been a member of the San Mateo County Cities Insurance
Group Joint Powers Authority (Cities Group), which has administered workers’ compensation
claims and related benefits on behalf of its member agencies. The City pays $3,000 annually
for the Cities Group program and operates with a self-insured retention (SIR) of $1 million per
claim and a $10 million per claim limit. Under this structure, the City is financially responsible
for the first $1 million of every claim, with pooled excess coverage providing protection for
catastrophic or severe losses up to $10 million dollars. The City is then responsible for
anything over $10 million.
As documented in the Staff Report presented to the City Council on October 21, 2025
(Attachment 1), the long-term viability of the Cities Group became uncertain following the
withdrawal of Foster City, whose claim volume and size represented a disproportionately large
share of the group’s overall risk pool. The withdrawal significantly weakened the group’s
financial stability and its attractiveness to reinsurers. After further review, the Cities Group
Board concluded that dissolution was the most prudent path forward for all remaining
members. The Board subsequently adopted a resolution directing the cessation of all workers’
compensation operations by January 1, 2026, and requiring each member agency to transition
its workers’ compensation program independently. As a result, Dublin must secure and
implement a new workers’ compensation structure prior to that date.
Following the October City Council meeting, Staff conducted a comprehensive review of the
City’s historical claim experience and existing risk structure, and analyzed viable options
available to California municipalities: 1) enrollment in the State Compensation Insurance Fund;
2) contracting directly with a joint powers authority (JPA) for claims administration; or 3)
establishing a self-funded workers’ compensation program supported by a third -party
administrator (TPA) and excess insurance coverage. Based on Staff's analysis, the self -funded
program is the most prudent option for Dublin. A discussion of the analysis is provided below.
Analysis
Claims History
In selecting the workers’ compensation structure that is most appropriate for the City as it
transitions away from Cities Group, Staff looked at the City’s historical loss experience using
the complete loss-run data from January 1, 2005 through September 30, 2025. The loss -run
captures more than 20 years of claims activity and provides a comprehensive picture of
Dublin’s long-term risk exposure.
Over the 20-year period, annual claim payments ranged from as low as $374 in 2020 to
$86,466 in 2005, with most years falling below $14,000. Recent experience is even more
modest, with total paid losses of $8,754 in 2024 and $2,546 recorded through Sept ember 30,
2025. These results reflect Dublin’s low-frequency, low-severity claim environment, supported
by a predominantly administrative and professional workforce and strong internal safety
practices. The City’s exposure is further reduced by contracting out police, fire, and
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maintenance services, which shifts the highest-risk functions outside the City’s direct
operations.
This historical claim performance must also be considered in the context of the City’s current
risk structure through Cities Group, under which Dublin operates with an SIR of $1 million per
claim and a $10 million per claim limit. It is important to note that Dublin’s claim activity has
remained far below the SIR level.
Workers’ Compensation Program Options Considered
1. State Compensation Insurance Fund. The State Compensation Insurance Fund is a fully
insured workers’ compensation program in which the State assumes full liability for all
claims. Agencies pay an annual premium based on payroll, class codes, and statewide
actuarial factors, and in exchange the State Fund becomes responsible for claims
payments, litigation costs, medical management, and all associated liabilities. While the
State Fund provides guaranteed acceptance for public agencies and delivers a predictable,
standardized administrative process, participation comes with several notable limitations.
Specifically, because the program is fully insured, agencies relinquish nearly all control
over claims handling. This includes decisions regarding compensability, medical treatment
direction, settlement strategy, litigation oversight, and return-to-work coordination. For
Dublin, which has historically benefited from close oversight of claims and early-return-to-
work practices, this loss of control could negatively impact claim outcomes and increase
indirect costs such as lost productivity and modified duty availability. This reduction in
control could lengthen claim duration, increase disability time, and diminish the
effectiveness of the City’s return-to-work approach.
Additionally, while the State Fund premium calculation is based on the City’s claim
experience, premiums include statewide risk assumptions, administrative overhead, and
insurer operating costs. As a result, the premium does not reflect Dublin’s actual workers'
compensation exposure, which typically totals only a few thousand dollars per year. The
annual premium quoted for Dublin to participate in the State Fund is $206,000, significantly
higher than the City’s historical claims.
2. Workers’ Compensation Joint Powers Authority (JPA). A workers’ compensation JPA is
a collective risk-sharing arrangement in which multiple public agencies pool their workers’
compensation exposures and jointly fund the costs of claims, administration, and long-term
reserves. Member agencies contribute annual premiums that support both current claim
payments and the reserves needed to cover future liabilities for the entire pool. JPAs
provide shared governance, access to pooled resources, and standardized risk -
management practices; however, participation also requires agencies to operate under
uniform policies and claims-handling procedures established by the pool.
Although the overall structure of a JPA is similar to that of Cities Group, where agencies
pooled their claims and purchased excess insurance collectively, the JPAs reviewed by
Staff differ in one important respect: they maintain much lower levels of SIR than Cities
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Group’s $1 million SIR. The JPAs that provided quotes operate with SIRs in the range of
$5,000 to $150,000. This lower retention level increases the amount of pooled claim costs
and administrative overhead that must be funded by all members. For a low-loss agency
like Dublin, this means paying significantly more into the pool to support claims generated
by higher-risk members.
Because JPA contributions are calculated based on the pooled actuarial needs of all
members rather than on each agency’s individual loss experience, low-loss agencies often
subsidize agencies with higher claim frequency or severity. For Dublin, whose workers’
compensation losses have been consistently modest and well below its long-standing $1
million SIR, this structure is financially unfavorable. The JPAs reviewed quoted annual
participation costs between $250,000 and $535,000, far exceeding the City’s typical annual
losses. Joining a JPA would therefore require the City to contribute substantially more than
is warranted by its actual risk profile. In addition, even in years where the City’s losses
totaled less than $10,000, Dublin would still be required to pay several hundred thousand
dollars into a pooled program, effectively subsidizing agencies with much higher claim
activity while receiving no materially different protection than the structure under which it
already operates.
3. Self-Funded Program with TPA and Excess Insurance. A self-funded program allows
agencies to pay only the actual cost of their workers’ compensation claims while
maintaining a dedicated trust account for those expenses. Under this model, a third -party
administrator handles day-to-day claims administration in close coordination with agency
staff, including medical coordination, investigations, regulatory reporting, litigation
oversight, and return-to-work support. The TPA charges a flat annual fee of approximately
$4,000, with additional à la carte fees for individual claims and specialty services. Based on
projected activity in Dublin, the TPA’s total annual cost for the City is expected to be no
more than $15,000.
To protect the City against catastrophic or unusually high -cost claims, the program includes
the purchase of excess workers’ compensation insurance, estimated at $100,000 annually.
Under the proposed structure, the City would assume an SIR of $750,000, meaning the
City is responsible for all claim costs up to that amount. The excess insurance provides
statutory limits coverage, which means the insurer will pay all legally required workers’
compensation costs (i.e., medical care, wage replacement, permanent disability benefits,
lifetime medical awards, and death benefits) without a dollar cap, as required under
California law. Once the City’s $750,000 SIR is reached, all additional benefits owed under
the Workers’ Compensation Act are fully covered by the excess carrier. This enhances the
catastrophic protection the City currently receives through Cities Group.
Given that the City’s annual claims have remained far below $750,000, and that Dublin has
decades of successful experience operating within a high -retention framework, a self-
funded workers’ compensation program remains the approach most consistent with the
City’s historical losses and overall risk profile. This option aligns costs with actual
experience, ensures unspent funds stay in a City-controlled trust rather than subsidizing a
pool, and preserves essential catastrophic protection through statutory-limit excess
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coverage. For these reasons, the self -funded model not only represents the lowest-cost
option but is also the most actuarially appropriate and operationally consistent approach for
the City moving forward.
Under this option, the City would need to establish an initial trust account to cover
anticipated claim expenses and maintain liquidity, at a level consistent with claims history.
Staff recommends depositing an initial $50,000 into the trust, with funding levels evaluated
annually thereafter.
Next Steps
Upon City Council approval to use the self-funded model, Staff will execute an agreement with
the selected TPA, bind excess workers’ com pensation insurance coverage effective January 1,
2026, and create the required trust and fund structure. Staff also will complete State self-
insurance filings, coordinate record transfers with Cities Group, and update the City’s internal
reporting and return-to-work procedures. Finally, Staff will bring a mid-year budget amendment
to the City Council to fund the transition.
STRATEGIC PLAN INITIATIVE:
None.
NOTICING REQUIREMENTS/PUBLIC OUTREACH:
The City Council Agenda was posted.
ATTACHMENTS:
1) October 21, 2025 Staff Report (without attachments)
153
STAFF REPORT
CITY COUNCIL
Page 1 of 5
DATE: October 21, 2025
TO: Honorable Mayor and City Councilmembers
FROM: Colleen Tribby, City Manager
SUBJECT: Dissolution of the San Mateo County Cities Insurance Group Joint Powers
Authority
Prepared by: Sarah Monnastes, Human Resources Director
EXECUTIVE SUMMARY:
The City Council will consider approving a resolution consenting to the dissolution of the San
Mateo County Cities Insurance Group Joint Powers Authority and authorizing execution of a
Dissolution Agreement to govern the dissolution process. The Board of Directors for the JPA
has determined that an orderly dissolution is the most effective means to transitioning the
remaining Member Agencies to independent administration of their workers’ compensation
programs. Approval of the resolution will allow the dissolution process to proceed in
coordination with the other member Agencies, with operations anticipated to conclude by the
end of 2026.
STAFF RECOMMENDATION:
Adopt the Resolution Consenting to the Dissolution of San Mateo County Cities Insurance
Group Joint Powers Authority Pursuant to Section 5 of the San Mateo County Cities Insurance
Group Joint Powers Agreement and Approving a Dissolution Agreement to Govern the
Dissolution Process.
FINANCIAL IMPACT:
The City’s current annual payment for workers’ compensation coverage is approximately
$3,000. With the dissolution of the San Mateo County Cities Insurance Group Joint Powers
Authority (Cities Group), the City of Dublin will need to enroll in a new workers’ compensation
program, which Staff anticipates will cost significantly more ($200,000 - $500,000 annually).
Additionally, the City currently has about $187,000 in funds held by the Cities Group. As part of
the dissolution process, member agencies, including the City, will be required to share in the
costs associated with administrative closeout and legal obligations of the Joint Powers
Authority. Following the completion of this process, the City expects to receive a portion of its
contributed funds back, which may help offset some of the transition costs in the first year.
Attachment 1
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DESCRIPTION:
Background
The San Mateo County Cities Insurance Group Joint Powers Authority (Cities Group) was
formed on October 5, 1978, for the purpose of allowing its member agencies to pool resources
to fund and administer their respective workers’ compensation programs. The Cities Group
now also administers other benefits, such as life insurance, long-term disability, and dental
programs, on behalf of some of the member agencies. However, the Cities Group’s primary
purpose remains the administration of workers’ compensation programs.
The founding members of the Cities Group were the Cities of Half Moon Bay, Foster City, and
Brisbane, and the Towns of Atherton and Hillsborough. The City of San Carlos was added to
the membership in 1989, and the City of Dublin was added to the membership in 2004.
Although the City of Brisbane withdrew from membership in the early 2000s, th e Cities Group
has enjoyed stable membership during its 47 -year history.
However, in November 2024, the City of Foster City submitted a withdrawal notice to the Cities
Group, indicating that it planned to withdraw from membership as of July 1, 2025. Pursu ant to
Section 4 of the Joint Powers Agreement (JPA), as amended in 1997, any member agency
that has completed at least three years of membership may unilaterally withdraw from the
Cites Group on July 1 of any calendar year, after providing notice of its i ntent to withdraw on or
before January 1 of that same year. Ultimately, Foster City’s membership was terminated
August 1, 2025 pursuant to an agreed termination under Section VIII(B) of the Cities Group
Bylaws, as amended in 2000. Under the Termination Agr eement with Foster City, Foster City
assumed all liability for the past, current, and future claims it generated. The Cities Group,
therefore, is no longer responsible for any claims generated by the City of Foster City.
After receiving the withdrawal notice from the City of Foster City in November 2024, four of the
five other member agencies also submitted withdrawal notices prior to the January 1, 2025
deadline. Unlike Foster City, however, those members indicated that they issued their notices
in order to reserve their right to withdraw from the Cities Group but had not yet determined
whether they intended to withdraw as of July 1, 2025. Ultimately none of the other members
withdrew from the Cities Group, and the membership remains as follows: the Ci ty of San
Carlos, the City of Half Moon Bay, the City of Dublin, the Town of Atherton, and the Town of
Hillsborough.
Although the Cities Group has continued to operate successfully after the departure of the City
of Foster City, the future viability of the Cities Group is in question. Because Foster City
represented a disproportionately large share of the total claims handled by the Cities Group,
the Group will become financially less stable and will be less attractive on the reinsurance
market. With this in mind, and at the Board’s direction, Cities Group staff worked with the
Board President to conduct initial research into the possibility of merging the Cities Group with
another Joint Powers Agency or other public agency administering workers’ compensat ion
programs. However, each of the identified agencies indicated that Cities Group members
wishing to move their workers’ compensation programs would have to do so individually, rather
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than moving all five Cities Group members as a unit.
The Cities Group Board President and staff presented this finding to the Board of Directors in
February 2025 and recommended that each member agency conduct its own due diligence to
determine where it might take its claims should the Cities Group dissolve. The Board held
several discussions in the following months about the future of the Cities Group and the
prospect of dissolution.
On June 10, 2025 the Cities Group Board of Directors approved a resolution which found that
an orderly dissolution of the Cities Group was the preferable method of transitioning the
member agencies out of the Cities Group, rather than having each member agency individually
withdraw. That resolution directed Cities Group staff to create and present to the Board a
dissolution plan under which the Cities Group would cease providing claims administration and
all other benefit services on behalf of the members on or before December 31, 2025.
In accordance with the Board’s direction, the Cities Group staff drafted a Dissolution
Agreement that would govern the dissolution process and establish the ongoing rights and
obligations of the members. The draft of that Dissolution Agreement was provided to the
attorneys representing each of the member agencies, and Cities Group staff worked with
representatives from each agency to address questions, concerns, and objections to the terms
of the Dissolution Agreement. After completing that review process with representatives of
each of the five member agencies, the Dissolution Agreement was presented to the Board at
its meeting on September 9, 2025.
Discussion
At the September 9, 2025 meeting, the Board of Directors approved the resolution (Attachment
3), which formally recommends to the councils of the member agencies that they each consent
to the dissolution of the Cities Group and approve the Dissolution Agreement. Pursuant to
Section 5 of the JPA, the Cities Group cannot dissolve unless all Member Agencies consent to
the dissolution. Therefore, each of the five councils must adopt resolutions providing that
consent.
A draft resolution consenting to the dissolution of the Cities Group and authorizing the City of
Dublin to execute the Dissolution Agreement is included as Attachment 1, with the Dissolution
Agreement included as Attachment 2, to this Staff Report. If approved by all five councils of the
member agencies, the Dissolution Agreement will govern the dissolution process and set forth
the rights and responsibilities of each agency during that process. Most notably, the
Dissolution Agreement would require the following:
Each member agency must remain a member of the Cities Group for the duration of the
dissolution process (Section 2);
Cities Group will cease all claims operations and the provision of other benefits as of
the “Transfer Date” on January 1, 2026 (Section 4);
Each member agency must take responsibility for all of its past, current, and future
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claims as of the Transfer Date and assume all liability associated with those claims
(Section 5);
As of the Transfer Date, the costs of operating the Cities Group will be split equally
among the five member agencies as “Shared Expenses”, rather than apportioned
based on claim volume (Section 6);
At the direction of the Board of Directors, the Cities Group will conduct audits and/or
other studies to determine the correct ending fund balances for each of the member
agencies as of the Transfer Date, and those with negative balances will be required to
bring those balances to $0 on or before August 1, 2026 (Section 7);
Member agencies with positive fund balances as of the Transfer Date that are not
depleted through the assessment of Shared Expenses shall be refunded the balance of
those funds prior to the final dissolution of the Cities Group (Section 7);
The Board shall select one or more member agencies to retain the records of the Cities
Group for the periods required by statute (Section 12);
The member agencies agree to waive all potential claims related to the Cities Group
that they may have against one another or against the Cities Group (Section 14); and
The dissolution will occur at the time that the Board finds by adoption of an “Ending
Resolution” that all of the Cities Group’s outstanding obligations have been resolved.
Several member agencies requested that Cities Group staff provide an estimated schedule for
the dissolution process. A preliminary estimated schedule, which anticipates the completion of
the dissolution process by the end of calendar year 2026, is included as Attachment 4 of this
Staff Report. However, pursuant to Section 5 of the JPA, the Cities Group must resolve all of
its outstanding obligations before it can complete the dissolution process. The actual timeline
for the dissolution, therefore, will be dictated by the pace at which the outstanding obligations
of the Cities Group can be resolved.
Consent of the member agencies to the recommended dissolution will provide clarity to the
agencies and the Cities Group staff and enable them to plan for the date on which claims will
no longer be handled by the Cities Group. It is also important to allow enough time for Cities
Group staff to work with the member agencies to transfer claims to new claims administrators.
For those reasons, each agency must obtain council consent to the dissolution and approval of
the Dissolution Agreement by October 31, 2025.
For reference, the Cities Group Joint Powers Agreement and Bylaws, and the amendments to
each, are attached here as Attachment 5.
STRATEGIC PLAN INITIATIVE:
None.
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NOTICING REQUIREMENTS/PUBLIC OUTREACH:
The City Council Agenda was posted.
ATTACHMENTS:
1)Resolution Consenting to the Dissolution of San Mateo County Cities Insurance Group
Joint Powers Authority Pursuant to Section 5 of the San Mateo County Cities Insurance
Group Joint Powers Agreement and Approving a Dissolution Agreement to Govern the
Dissolution Process
2)Exhibit A to the Resolution – Agreement Dissolving the San Mateo County Cities Insurance
Group Pursuant to Section 5 of the San Mateo County Cities Insurance Group Joint Powers
Agreement
3)Exhibit B to the Resolution – A Resolution of the Cities Group Board of Directors of the San
Mateo County Cities Insurance Group Joint Powers Authority Recommending that the
Member Agencies Approve the Dissolution of the Joint Powers Authority Pursuant to the
Terms of a Dissolution Agreement
4)Estimated Schedule for Dissolution
5)Cities Group Joint Powers Agreement, Bylaws and Amendments
158
Recommendation to Transition
to a Self-Funded Workers’
Compensation Program
November 18, 2025
159
Purpose of Tonight’s Item
Provide overview of Workers’ Compensation program options
Share analysis of the City’s 20-year claims history
Review viability and cost of available program structures
Present Staff recommendation for program structure
Request Council authorization to implement new program effective January 1, 2026
160
Why a New Program is Needed
•Cities Group JPA is dissolving January 1, 2026.
•Each member agency must now establish its own WC structure.
•Goal –Ensure financial stability, strong claim oversight, and
continuity of service.
161
Dublin’s Claim History (2005 –2025)
162
Current Structure
Member of the Cities Group JPA $1 million SIR per claim
$10 million per-claim limit
City has never approached the $1 million retention level
Historical losses indicate Dublin is well-suited to a high-
retention model
163
Program Options Reviewed
State
Compensation
Fund
01
Workers’
Compensation
JPA
02
Self-Funded with
TPA + Excess
Insurance
03
164
Option 1: State Compensation Fund
•Guaranteed acceptance
•Claims fully insured and administered by State
Pros
•Loss of local control over claims decisions
•Could extend claim duration and reduce effectiveness of return-to-work
•Premium cost: $206,000 annually, significantly higher than City’s losses
•Does not reflect Dublin’s actual risk profile
Cons
165
Option 2: Workers' Compensation JPA
•Shared resources
•Standardized risk management
•Much lower SIR levels ($0 -$150,000)
Pros
•Lower SIR levels = higher pooled costs
•Low-loss agencies subsidize higher-risk members
•Annual costs quoted to Dublin: $250,000–$535,000
•Significant mismatch with Dublin’s historical losses
•No meaningful benefit over prior structure
Cons
166
Option 3: Self-Funded Program (Recommended)
•City pays only actual claim costs
•Excess insurance protects against catastrophic claims
•Program mirrors long-standing structure
•Lowest overall cost
•Greatest control over claims, treatment, and return-to-work
•Unspent funds remain under City control
Pros
•Minor additional administrative tasks required (e.g., OSIP reporting, actuarial)
Cons
167
Financial Impact: Self-Funded Program
Third-Party
Administrator
•$4,000 Annual Fee
•Additional fees, based
on actual claims
•Estimated annual cost
= $15,000
Excess Insurance
•City pays first
$750,000
•Insurance pays
everything else; no
cap
•Estimated annual cost
= $100,000
Trust Account
•Separate bank
account claims are
paid from
•Initial funding
recommended =
$50,000
•Further funding based
on claim expenses
168
Next Steps (If Approved)
•Execute an agreement with the selected TPA.
•Bind excess workers’ compensation insurance coverage
effective January 1, 2026.
•Create the required trust and fund structures.
•Complete State self-insurance filings.
•Coordinate record transfers with Cities Group.
•Update the City’s internal procedures.
•Request mid-year budget amendment to fund the transition.
169
Requested Council Action
Approve the City’s
transition to a self-
funded workers’
compensation model
beginning January 1,
2026.
1
Authorize the
establishment of a
workers’ compensation
trust account.
2
Authorize the City
Manager to execute all
necessary agreements
related to administration
and excess insurance.
3
170
Thank You
Any Questions?
171
STAFF REPORT
CITY COUNCIL
Page 1 of 3
Agenda Item 8.1
DATE: November 18, 2025
TO: Honorable Mayor and City Councilmembers
FROM: Colleen Tribby, City Manager
SUBJECT:
Report on Finance and Investment Committee Roles and Responsibilities
Prepared by: Jay Baksa, Finance Director
EXECUTIVE SUMMARY:
The City Council will receive a report on the roles and responsibilities of the Finance and
Investment Committee and discuss whether to expand those to include other financial matters.
STAFF RECOMMENDATION:
Receive the report and discuss.
FINANCIAL IMPACT:
None.
DESCRIPTION:
At the November 4, 2025 meeting, the City Council requested under Item 9 that an agenda
item be brought forward regarding the Finance and Investment Committee’s current roles and
responsibilities, to consider expanding into other areas that have a financial impact to the City.
Background
During the 2024 review of the City’s Investment Policy, the City Council directed Staff to
establish a Finance and Investment Committee (FIC) responsible for reviewing and advising
on specialized investment and financial matters. The FIC was formally created on October 15,
2024 through Resolution No. 120-24.
The establishing resolution states that the FIC will serve in an advisory capacity on matters
related to the City’s investment policy and portfolio, the City budget, long-term financial
planning, funding strategies for complex projects, and other specialized finance-related topics.
The Committee will provide policy guidance to Staff and will serve as an advisory body to the
full City Council but will not make legislative decisions. The FIC is one of three City committees
that are internal in nature – that is, they comprise a subset of the City Council and their work
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relates solely to City business and operations. The other committees are the Economic
Development Committee and the Ad Hoc Audit Subcommittee.
Vice Mayor Kashef Qaadri and Councilmember Michael McCorriston were appointed as the
inaugural FIC members. The FIC began operating in early 2025 and established a schedule of
regular quarterly meetings with special meetings held as needed.
The Committee’s first priority was the comprehensive review of the City’s Investment Policy.
This work culminated in a revised policy—presented to the City Council in September 2025—
and the addition of annual Environmental, Social, and Governance (ESG) scoring of the C ity’s
investment portfolio. The FIC also receives quarterly investment performance updates from the
City’s investment manager, Chandler Asset Management.
Discussion
It was contemplated during the November 4 City Council meeting that the FIC should
potentially expand its duties to include oversight over all areas that have a financial impact to
the City. Staff looked back at the City Council meetings this calendar year to date (11 months)
to understand the impact of using the FIC in such a manner. Since January 2025, the City
Council has considered 156 items on Regular Meeting agendas, excluding Approval of
Minutes and items under the Presentations and Proclamations section. Of those, 84 items
have some financial impact to the City. These can be generally categorized as follows:
Purchasing
Grants and economic incentives: 10 items
Service agreements: 28 items
Capital Improvement Program projects: 14 items
Budget
Budget adoption (operating and capital): 6 items
Other (fee/assessment adoptions, special projects): 7 items
Personnel-related: 2 items
Financial Management and Reporting
Investment reviews: 5 items
Reserve designations: 2 items
Payment issuance: 10 items
From Staff’s perspective, the advantage of using the FIC as it is currently structured is to be
able to delve into technical items and receive questions and commentary from committee
members that will help Staff prepare for presentation to the full City Council. This is particularly
useful for items like investment report reviews and for specialized items like bond sales. In
addition, the quarterly schedule of the FIC meetings provides Staff with adequate time to
prepare materials.
Expanding the FIC’s role to include oversight of the categories listed above would require a
significant change to the allocation of staff resources and to the FIC meeting schedule in order
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for the City Council to be able to conduct routine business in a timely manner. It would also
add a layer of scrutiny to items that are not highly complex in nature or that already have
adequate controls in place. For instance, purchasing (which includes contracted services) is
governed by strict bidding rules, has purchase authority limitations, and has budgetary impacts
that the full City Council is accustomed to navigating.
Areas that Staff does envision the FIC will delve into in the future (in addition to investment
reviews) include:
Annual Comprehensive Financial Report (ACFR) – Audit Review
o The FIC could serve in place of the Ad Hoc Audit Subcommittee by reviewing the
City’s annual audit.
Budget Reviews
o Review the Mid-Year Budget and/or Preliminary Budget Report before it is
presented to the City Council.
Financial Policy Review
o Staff is currently revising the Fund Balance Policy and anticipates bringing a
preliminary draft to the FIC in 2026.
Bond Issuance Review
o The City currently has one outstanding bond issuance (Citywide Energy
Efficiency Project) and has issued bonds on behalf of Community Facilities
Districts (CFDs). Additional issuances are anticipated for the Francis Ranch and
Dublin Centre CFD projects.
STRATEGIC PLAN INITIATIVE:
None.
NOTICING REQUIREMENTS/PUBLIC OUTREACH:
The City Council Agenda was posted.
ATTACHMENTS:
None.
174
Finance and Investment
Committee Roles and
Responsibilities
November 18, 2025
175
FIC Overview
•Established in October 2024
•Serves as an advisory capacity to the City Council
–Investments, budget, long-term financial planning, funding for
complex projects, etc.
•VM Qaadri, CCM McCorriston selected
•Began meeting in January 2025
–Review of Investment Policy
•Recommendation to City Council in September
–Quarterly investment review before City Council review
176
Item 9 Request
•Evaluate expanding the FIC’s role into other finance matters
•Staff looked at agenda items from January 2025 – present
–Purchasing (52 items)
–Budget prep and adoption (15 items)
–Financial Management and Reporting (17 items)
177
Item 9 Request
•Staff considered level of complexity
–More complex (multi-faceted) items that impact long-term
financial stability include:
•Investment portfolio and strategy
•Budget prep (and the 10-year forecast)
•Special project financing (e.g. bond sales)
•Financial policies (Investment Policy, Fund Balance Policy)
–Less complex items include:
•Purchasing (parameters and internal processes are in place)
•Grants, agreements, fee adoptions
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Item 9 Request
•Extra level of scrutiny creates value for Staff and the Council on the
more complex items
–First “set of eyes” on information
–Dig into the details
–Discuss long-term trends
•Creates additional opportunity for the public to weigh on such items
–Potential revenue measures
–Financing of complex projects
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Future FIC Items
Staff already plans to have the FIC meet on:
•Budget Reviews
–Review the Mid-Year Budget and/or Preliminary Budget Report
before it is presented to the City Council.
•Financial Policy Review
–Staff is currently revising the Fund Balance Policy and anticipates
bringing a preliminary draft to the FIC in 2026.
•Bond Issuance Review
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Additional consideration:
•Annual Comprehensive Financial Report (ACFR) – Audit Review
–Serve in place of the Ad Hoc Audit Subcommittee by reviewing
the City’s annual audit.
Future FIC Items
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Questions?
182