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HomeMy Public PortalAbout03 March 09, 2022 CommissionComments are welcomed by the Commission. If you wish to provide comments to the Commission, please complete and submit a Speaker Card to the Clerk of the Board. MEETING AGENDA TIME/DATE: 9:30 a.m. / Wednesday, March 9, 2022 LOCATION: BOARD ROOM County of Riverside Administrative Center 4080 Lemon Street, First Floor, Riverside This meeting is being conducted in-person as well as virtually in accordance with AB 361 due to state or local officials recommending measures to promote social distancing. COMMISSIONERS Chair – V. Manuel Perez Vice Chair – Bob Magee Second Vice Chair – Lloyd White Kevin Jeffries, County of Riverside, District 1 Karen Spiegel, County of Riverside, District 2 Chuck Washington, County of Riverside, District 3 V. Manuel Perez, County of Riverside, District 4 Jeff Hewitt, County of Riverside, District 5 Mary Hamlin / Alberto Sanchez, City of Banning Lloyd White / David Fenn, City of Beaumont Joseph DeConinck / Johnny Rodriguez, City of Blythe Linda Molina / Wendy Hewitt, City of Calimesa Jeremy Smith / Larry Greene, City of Canyon Lake Raymond Gregory / Mark Carnevale, City of Cathedral City Steven Hernandez / Denise Delgado, City of Coachella Wes Speake / Jim Steiner, City of Corona Scott Matas / Russell Betts, City of Desert Hot Springs Clint Lorimore / Todd Rigby, City of Eastvale Linda Krupa / Malcolm Lilienthal, City of Hemet Dana Reed / Donna Griffith, City of Indian Wells Waymond Fermon / Oscar Ortiz, City of Indio Brian Berkson / Guillermo Silva, City of Jurupa Valley Kathleen Fitzpatrick / Robert Radi, City of La Quinta Bob Magee / Natasha Johnson, City of Lake Elsinore Bill Zimmerman / Dean Deines, City of Menifee Yxstian Gutierrez / Edward Delgado, City of Moreno Valley Lisa DeForest / Cindy Warren, City of Murrieta Ted Hoffman / Katherine Aleman, City of Norco Jan Harnik / Kathleen Kelly, City of Palm Desert Lisa Middleton / Dennis Woods, City of Palm Springs Michael M. Vargas / Rita Rogers, City of Perris Ted Weill / Charles Townsend, City of Rancho Mirage Chuck Conder / Patricia Lock Dawson, City of Riverside Michael Heath / Alonso Ledezma, City of San Jacinto Maryann Edwards / Zak Schwank, City of Temecula Ben J. Benoit / Joseph Morabito, City of Wildomar Mike Beauchamp, Governor’s Appointee Caltrans District 8 RIVERSIDE COUNTY TRANSPORTATION COMMISSION www.rctc.org MEETING AGENDA* *Actions may be taken on any item listed on the agenda 9:30 a.m. Wednesday, March 9, 2022 Board Room County of Riverside Administrative Center 4080 Lemon Street, First Floor, Riverside, CA This meeting is being conducted in-person as well as virtually in accordance with AB 361 due to state or local officials recommending measures to promote social distancing. INSTRUCTIONS FOR ELECTRONIC PARTICIPATION Join Zoom Meeting https://rctc.zoom.us/j/81647230593 Meeting ID: 816 4723 0593 One tap mobile +16699006833,,81647230593# US (San Jose) Dial by your location +1 669 900 6833 US (San Jose) For members of the public wishing to submit comment in connection with the Commission Meeting please email written comments to the Clerk of the Board at lmobley@rctc.org and your comments will be made part of the official record of the proceedings as long as the comment is received before the end of the meeting’s public comment period. Members of the public may also make public comments in person or through their telephone or Zoom connection when recognized by the Chair. In compliance with the Brown Act and Government Code Section 54957.5, agenda materials distributed 72 hours prior to the meeting, which are public records relating to open session agenda items, will be available for inspection by members of the public prior to the meeting on the Commission’s website, www.rctc.org. In compliance with the Americans with Disabilities Act, Government Code Section 54954.2, Executive Order N-29-20, and the Federal Transit Administration Title VI, please contact the Clerk of the Board at (951) 787-7141 if special assistance is needed to participate in a Commission meeting, including accessibility and translation services. Assistance is provided free of charge. Notification of at least 48 hours prior to the meeting time will assist staff in assuring reasonable arrangements can be made to provide assistance at the meeting. 1. CALL TO ORDER 2. ROLL CALL 3. PLEDGE OF ALLEGIANCE Riverside County Transportation Commission Meeting Agenda March 9, 2022 Page 2 4. PUBLIC COMMENTS – Under the Brown Act, the Commission should not take action on or discuss matters raised during public comment portion of the agenda that are not listed on the agenda. Commission members may refer such matters to staff for factual information or to be placed on the subsequent agenda for consideration. 5. ADDITIONS / REVISIONS – The Commission may add an item to the Agenda after making a finding that there is a need to take immediate action on the item and that the item came to the attention of the Commission subsequent to the posting of the agenda. An action adding an item to the agenda requires 2/3 vote of the Commission. If there are less than 2/3 of the Commission members present, adding an item to the agenda requires a unanimous vote. Added items will be placed for discussion at the end of the agenda. 6. CONSENT CALENDAR – All matters on the Consent Calendar will be approved in a single motion unless a Commissioner(s) requests separate action on specific item(s). Items pulled from the Consent Calendar will be placed for discussion at the end of the agenda. 6A. AB 361 DETERMINATION Page 1 Overview This item is for the Commission to adopt Resolution No. 22-007, “A Resolution of the Board of Commissioners of the Riverside County Transportation Commission Authorizing Virtual Board and Committee Meetings Pursuant to AB 361”. 6B. APPROVAL OF MINUTES – FEBRUARY 9, 2022 Page 6 6C. QUARTERLY SALES TAX ANALYSIS Page 16 Overview This item is for the Commission to receive and file the sales tax analysis for the Quarter 3, 2021 (3Q 2021). 6D. QUARTERLY FINANCIAL STATEMENTS Page 25 Overview This item is for the Commission to receive and file the Quarterly Financial Statements for the six months ended December 31, 2021. 6E. QUARTERLY INVESTMENT REPORT Page 36 Overview This item is for the Commission to receive and file the Quarterly Investment Report for the quarter ended December 31, 2021. Riverside County Transportation Commission Meeting Agenda March 9, 2022 Page 3 6F. APPROVE RESOLUTION NO. 22-006, “RESOLUTION OF THE RIVERSIDE COUNTY TRANSPORTATION COMMISSION ADOPTING THE RESTATED RIVERSIDE COUNTY TRANSPORTATION COMMISSION 401(A) GOVERNMENTAL MONEY PURCHASE PLAN AND TRUST” Page 195 Overview This item is for the Commission to: 1) Review the Restated Riverside County Transportation Commission 401(a) Governmental Money Purchase Plan and Trust, as modified by the adoption agreement; and 2) Adopt Resolution No. 22-006, “Resolution of The Riverside County Transportation Commission Adopting the Restated Riverside County Transportation Commission 401(a) Governmental Money Purchase Plan and Trust.” 6G. QUARTERLY PUBLIC ENGAGEMENT METRICS REPORT, OCTOBER-DECEMBER 2021 Page 212 Overview This item is for the Commission to receive and file Quarterly Public Engagement Metrics Report for October-December 2021. 6H. 91 EXPRESS LANES MONTHLY STATUS REPORTS Page 222 Overview This item is for the Commission to receive and file the 91 Express Lanes Monthly Reports for the six months from July to December 2021. 6I. 15 EXPRESS LANES MONTHLY STATUS REPORTS Page 352 Overview This item is for the Commission to receive and file the 15 Express Lanes Monthly Reports for the six months from July to December 2021. Riverside County Transportation Commission Meeting Agenda March 9, 2022 Page 4 6J. 91 EXPRESS LANES AND 15 EXPRESS LANES CHANNELIZER AGREEMENT Page 406 Overview This item is for the Commission to: 1) Award Agreement No. 22-31-050-00 to Statewide Traffic Safety and Signs for channelizers for the 91 Express Lanes and 15 Express Lanes for a one-year term in the amount of $274,245, plus a contingency amount of $27,425, for a total amount not to exceed $301,670; 2) Authorize the Chair or Executive Director, pursuant to legal counsel review, to execute the agreement on behalf of the Commission; and 3) Authorize the Executive Director, or designee, to execute purchase orders to the vendor under the terms of the agreement. 6K. MORENO VALLEY/MARCH FIELD METROLINK STATION TRACK AND PLATFORM EXPANSION PROJECT CONSTRUCTION AGREEMENT WITH GRANITE CONSTRUCTION COMPANY, ENVIRONMENTAL MITIGATION, TRIBAL MONITORING, AND PROJECT FUNDING Page 423 Overview This item is for the Commission to: 1) Award Agreement No. 21-33-095-00 to Granite Construction Company, as the lowest responsive, responsible bidder, for the construction of the Moreno Valley March Field Metrolink Station Track and Platform Expansion Project (Project) in the amount of $22,111,122, plus a contingency amount of $2,211,112, for a total amount not to exceed $24,322,234; 2) Approve Cooperative Agreement No. 21-33-097-00 between the Commission and Southern California Regional Rail Authority (SCRRA) for Construction of the Project in the amount of $2,421,000, plus a contingency amount of $242,100, for a total amount not to exceed $2,663,100; 3) Approve Agreement No. 22-33-035-00 with The Soboba Band of Luiseno Indians for Construction Monitoring of the Moreno Valley/March Field Metrolink Station Track and Platform Expansion Project in an amount not to exceed $25,000; 4) Approve an amendment to the Fiscal Year (FY) 2021/22- 2025/26 Short Range Transit Plan to program an additional $6,000,000 of Federal Transit Administration (FTA) Section 5307 funds for the Project; 5) Authorize the Chair or Executive Director, pursuant to legal counsel review, to execute the agreements on behalf of the Commission; and 6) Authorize the Executive Director or designee to approve contingency work pursuant to the agreement terms up to the total amount. Riverside County Transportation Commission Meeting Agenda March 9, 2022 Page 5 7. PROPOSED POLICY GOALS AND OBJECTIVES FOR FISCAL YEAR 2022/23 BUDGET Page 478 Overview This item is for the Commission to: 1) Review and approve the proposed Commission Policy Goals and Objectives for the Fiscal Year (FY) 2022/23 Budget; and 2) Review and approve the Fiscal Accountability Policies for the FY 2022/23 Budget. 8. STATE AND FEDERAL LEGISLATIVE UPDATE Page 489 Overview This item is for the Commission to: 1) Receive and file an update on state and federal legislation; and 2) Adopt the following bill position: a) AB 1778 (Cristina Garcia)—Oppose. 9. AGREEMENT FOR CONSTRUCTION OF THE I-15 INTERIM CORRIDOR OPERATIONS PROJECT Page 591 Overview This item is for the Commission to: 1) Award Agreement No. 22-31-031-00 to All American Asphalt to construct the I-15 Interim Corridor Operations Project (I-15 ICOP), in the amount of $2,645,731, plus a contingency amount of $396,860 for potential change orders, supplemental work in the amount of $119,900, and an incentive budget in the amount of $250,000, for a total amount not to exceed $3,412,491; 2) Approve an amendment to the Fiscal Year (FY) 2021/22 budget in the amount of $2,900,000 for construction and supplemental costs including contingency; 3) Authorize the Chair or Executive Director, pursuant to legal counsel review, to finalize and execute the agreement on behalf of the Commission; and 4) Authorize the Executive Director, or designee, to approve contingency work, supplemental work and incentive payments as may be required for the I-15 ICOP. Riverside County Transportation Commission Meeting Agenda March 9, 2022 Page 6 10. ITEM(S) PULLED FROM CONSENT CALENDAR AGENDA 11. EXECUTIVE DIRECTOR REPORT 12. COMMISSIONER COMMENTS Overview This item provides the opportunity for brief announcements or comments on items or matters of general interest. 13. ADJOURNMENT The next Commission meeting is scheduled to be held at 9:30 a.m. on Wednesday, April 13, 2022. AGENDA ITEM 6A Agenda Item 6A RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: March 9, 2022 TO: Riverside County Transportation Commission FROM: Lisa Mobley, Administrative Services Manager/Clerk of the Board THROUGH: Anne Mayer, Executive Director SUBJECT: AB 361 Determination STAFF RECOMMENDATION: This item is for the Commission to adopt Resolution No. 22-007, “A Resolution of the Board of Commissioners of the Riverside County Transportation Commission Authorizing Virtual Board and Committee Meetings Pursuant to AB 361”. BACKGROUND INFORMATION: Since the onset of the COVID-19 in early 2020, California government agencies have been able to continue to discharge their legal responsibilities through the use of virtual teleconferencing platforms such as Zoom to hold public meetings that enabled agencies to meet and conduct business, comply with social distancing orders and most importantly, provide access to the public. In many cases, virtual meetings have actually enhanced public participation, particularly in larger counties including Riverside County where traveling to a public meeting can be inconvenient or require traveling a long distance. Both the RCA and RCTC have been meeting on Zoom since March of 2020, when many Executive Orders were issued by Governor Newsom in response to the pandemic. One such order altered Brown Act requirements to allow for virtual meetings. Although transmission, hospitalization and death rates from COVID-19 have sharply declined since the original onset of the pandemic and subsequent Delta Variant surge, an air or uncertainty remains regarding the pandemic and many counties continue to recommend masking inside and social distancing. Given that environment and a desire to continue allowing for the flexibility of holding virtual meetings, the Legislature recently approved, and Governor Newsom signed, Assembly Bill 361 to temporarily allow for virtual meeting under proscribed circumstances. AB 361 Effective immediately, AB 361 amends the Brown Act to allow local legislative bodies to continue using teleconferencing and virtual meeting technology in certain circumstances. Under the Bill, legislative bodies can continue to meet remotely as long as there is a “proclaimed state of emergency” and the Commission can make either of the following findings: (a) state or local 1 Agenda Item 6A officials have imposed or recommended measures to promote social distancing or (b) whether as a result of the emergency, meeting in person would present imminent risks to the health or safety of attendees. The Governor proclaimed a State of Emergency on March 4, 2020 related to the COVID-19 pandemic, which State of Emergency continues to exist to this day. Further, both State and Riverside County officials continue to recommend the social distancing. AB 361 requires specific procedural safeguards for the public. To accommodate individuals during these teleconferences and virtual meetings, a public comment period will be offered where the public can address the legislative body directly in real time. Additionally, public comments will be allowed up until the public comment period is closed at the meetings. The agenda will include information on the manner in which the public may access the meeting and provide comments remotely. If technical problems arise that result in the public’s access being disrupted, the legislative body will not take any vote or other official action until the technical disruption is corrected and public access is restored. The attached Resolution allows the Board to implement AB 361 by making the findings discussed above. This findings will be in effect for 30 days or until the Board makes findings that the conditions listed therein long longer exist, whichever is shorter. The findings can be extended by the Board upon a finding that conditions supporting the findings included in the Resolution still exist. The authorization to meet remotely will apply to any Committees that meet during the 30- day effective period. AB 361 will allow for virtual meetings during other state-proclaim emergencies, such as earthquakes or wildfires, where physical attendance may present a risk. AB 361 is scheduled to sunset January 1, 2024. STAFF RECOMMENDATION: Reafirm the findings in Resolution No. 22-007, “A Resolution of the Board of Commissioners of the Riverside County Transportation Commission Authorizing Virtual Board and Committee Meetings Pursuant to AB 361”. Attachment: Resolution No. 22-007 2 RESOLUTION NO. 22-007 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE RIVERSIDE COUNTY TRANSPORTATION COMMISSION AUTHORIZING VIRTUAL BOARD AND COMMITTEE MEETINGS PURSUANT TO AB 361 WHEREAS, the Riverside County Transportation Commission (“Commission”) is committed to preserving and nurturing public access and participation in meetings of the Board of Commissioners, Executive Committee, Budget and Implementation Committee, Western Riverside County Programs and Projects Committee, Toll Policy and Operations Committee, Citizens and Specialized Transit Advisory Committee, and Technical Advisory Committee; and WHEREAS, all meetings of the Commission’s legislative bodies, including its Board of Commissioners, Executive Committee, Budget and Implementation Committee, Western Riverside County Programs and Projects Committee, Toll Policy and Operations Committee, Citizens and Specialized Transit Advisory Committee, and Technical Advisory Committee are open and public, as required by the Ralph M. Brown Act (Cal. Gov. Code 54950 – 54963), so that any member of the public may attend and participate in the Commission’s meetings; and WHEREAS, starting in March 2020, in response to the spread of COVID-19 in the State of California, the Governor issued a number of executive orders aimed at containing the COVID-19 virus; and WHEREAS, among other things, these orders waived certain requirements of the Brown Act to allow legislative bodies to meet virtually; and WHEREAS, pursuant to the Governor’s executive orders, the Commission has been holding virtual meetings during the pandemic in the interest of protecting the health and safety of the public, Commission staff and Commissioners; and WHEREAS, the Governor’s executive order related to the suspension of certain provisions of the Brown Act expired on September 30, 2021; and WHEREAS, on September 16, 2021 the Governor signed AB 361 (in effect as of October 1, 2021 – Government Code Section 54953(e)), which allows legislative bodies to meet virtually provided there is a state of emergency, and either (1) state or local officials have imposed or recommended measures to promote social distancing; or (2) the legislative body determines by majority vote that meeting in person would present imminent risks to the health and safety of attendees; and WHEREAS, such conditions now exist in the Commission, specifically, a state of emergency has been proclaimed related to COVID-19 and state or local officials are recommending measures to promote social distancing, 3 NOW, THEREFORE, BE IT RESOLVED THAT THE RIVERSIDE COUNTY TRANSPORTATION COMMISSION DOES HEREBY RESOLVE AS FOLLOWS: Section 1. Recitals. The Recitals set forth above are true and correct and are incorporated into this Resolution by this reference. Section 2. Findings. Consistent with the provisions of Government Code Section 54953(e), the Board of Commissioners finds and determines that (1) a state of emergency related to COVID-19 is currently in effect and (2) state or local officials have recommended measures to promote social distancing in connection with COVID-19. Section 3. Remote Teleconference Meetings: Based on the findings and determinations included herein, the Board of Commissioners authorizes and directs any of its legislative bodies, including without limitation its Board of Commissioners, Executive Committee, Budget and Implementation Committee, Western Riverside County Programs and Projects Committee, Toll Policy and Operations Committee, Technical Advisory Committee, and Citizens and Specialized Transit Advisory Committee to conduct remote teleconference meetings under the provisions of Government Code Section 54953(e) and that such bodies shall provide public access to their meetings as provided in Section 54953(e). Section 4. Full and Fair Access: In making the findings included herein the board specifically relies on Section 8(b) of Stats.2021, c.165 (A.B.361), § 3, eff. Sept. 16, 2021.) which provides as follows: (b) The Legislature finds and declares that [the changes made by AB 361 to] Section 54953 of the Government Code, all increase and potentially limit the public’s right of access to the meetings of public bodies or the writings of public officials and agencies within the meaning of Section 3 of Article I of the California Constitution. Pursuant to that constitutional provision, the Legislature makes the following findings to demonstrate the interest protected by this limitation and the need for protecting that interest: (1) By removing the requirement that public meetings be conducted at a primary physical location with a quorum of members present, this act protects the health and safety of civil servants and the public and does not preference the experience of members of the public who might be able to attend a meeting in a physical location over members of the public who cannot travel or attend that meeting in a physical location. (2) By removing the requirement for agendas to be placed at the location of each public official participating in a public meeting remotely, including from the member’s private home or hotel room, this act protects the personal, private information of public officials and their families while preserving the public’s right to access information concerning the conduct of the people’s business. 4 Section 5. Effective Date of Resolution. This Resolution shall take effect upon adoption and shall be effective for 30 days unless earlier extended by a majority vote of the Board of Commissioners in accordance with Section 5 of this Resolution. Section 6. Extension by Motion. The Board of Commissioners may extend the application of this Resolution by motion and majority vote by up to 30 days at a time, provided that it makes all necessary findings consistent with and pursuant to the requirements of Section 54953(e)(3). Any such extension may be made before or after the expiration of the preceding 30 day period. PASSED AND ADOPTED by the Board of Commissioners of the Riverside County Transportation Commission this 9th day of March 2022, by the following vote: APPROVED AND ADOPTED this 9th day of March, 2022. _____________________________________ V. Manuel Perez, Chair Riverside County Transportation Commission ATTEST: _________________________________ Lisa Mobley, Clerk of the Board Riverside County Transportation Commission 5 AGENDA ITEM 6B MINUTES RIVERSIDE COUNTY TRANSPORTATION COMMISSION MEETING MINUTES Wednesday, February 9, 2022 1. CALL TO ORDER The Riverside County Transportation Commission was called to order by Chair V. Manuel Perez at 9:31 a.m., via Zoom Meeting ID 838 9185 5574. This meeting was conducted virtually in accordance with AB 361 due to state or local officials recommending measures to promote social distancing. 2. ROLL CALL Commissioners/Alternates Present Commissioners Absent Ben J. Benoit Bob Magee Maryann Edwards Brian Berkson Lisa Middleton Russell Betts Linda Molina Chuck Conder V. Manuel Perez Christy Connors Dana Reed Joseph DeConinck Todd Rigby Lisa DeForest Jeremy Smith Waymond Fermon Wes Speake Kathleen Fitzpatrick Karen Spiegel Raymond Gregory Michael M. Vargas Yxstian Gutierrez Chuck Washington Mary Hamlin Ted Weill Jan Harnik Lloyd White Michael Heath Bill Zimmerman Steven Hernandez Jeff Hewitt Ted Hoffman Kevin Jeffries Linda Krupa 3. PLEDGE OF ALLEGIANCE Commissioner Ben Benoit led the Commission in a flag salute. 4. PUBLIC COMMENTS There were no requests to speak from the public. 6 Riverside County Transportation Commission Meeting Minutes February 9, 2022 Page 2 5. ADDITIONS / REVISIONS There were no additions or revisions to the agenda. 6. CONSENT CALENDAR M/S/C (Molina/Fitzpatrick) to approve the following Consent Calendar items. 6A. RESOLUTION NO. 21-020, AUTHORIZING VIRTUAL BOARD AND COMMITTEE MEETINGS PURSUANT TO AB 361 1) Reaffirm the findings in Resolution No. 21-020, “A Resolution of the Board of Commissioner of the Riverside County Transportation Commission Authorizing Virtual Board and Committee Meetings Pursuant to AB 361”. Those findings are as follows: a) The Governor proclaimed a State of Emergency on March 4, 2020 related to the COVID-19 pandemic, which state of emergency continues to existing today; and b) State or local officials have recommended measures to promote social distancing. 6B. APPROVAL OF MINUTES – JANUARY 12, 2022 6C. SINGLE SIGNATURE AUTHORITY REPORT Receive and file the Single Signature Authority report for the second quarter ended December 31, 2021. 6D. 2022 TITLE VI PROGRAM REPORT UPDATE, INCLUDING PUBLIC PARTICIPATION PLAN AND LANGUAGE ASSISTANCE PLAN Approve the 2022 Title VI Program Report, including the Public Participation Plan and Language Assistance Plan in compliance with Federal Transit Administration (FTA) requirements. 6E. STATE AND FEDERAL LEGISLATIVE UPDATE Receive and file an update on state and federal legislation. 6F. AGREEMENTS FOR ON-CALL RIGHT OF WAY APPRAISAL REVIEW SERVICES 1) Award the following agreements to provide on-call right of way appraisal review services for a three-year term, in an amount not to exceed an aggregate value of $500,000; 7 Riverside County Transportation Commission Meeting Minutes February 9, 2022 Page 3 a. Agreement No. 22-31-030-00 with Hawran & Malm, LLC; b. Agreement No. 22-31-052-00 with Integra Realty Resources – Los Angeles; c. Agreement No. 22-31-053-00 with R.P. Laurain & Associates, Inc.; and d. Agreement No. 22-31-054-00 with Santolucito Dorè Group, Inc. 2) Authorize the Chair or Executive Director, pursuant to legal counsel review, to execute the agreements, on behalf of the Commission; and 3) Authorize the Executive Director, or designee, to execute task orders awarded to the consultants under the terms of the agreements. 6G. AGREEMENT FOR STATION ELECTRICAL SERVICES 1) Award Agreement No. 22-24-006-00 to Elite Electric, Inc. for station electrical maintenance services and capital improvements, for a five-year term, in an amount of $825,000 for maintenance and repairs, and $2,500,000 for capital improvements, for a total not to exceed amount of $3,325,000; 2) Authorize the Chair or Executive Director, pursuant to legal counsel review, to execute the agreement, on behalf of the Commission; and 3) Authorize the Executive Director, or designee, to execute task orders awarded to the contractor under the terms of the agreements. 6H. CHANGE ORDER TO AMEND THE INTERSTATE 15 EXPRESS LANES PROJECT TOLL SERVICES AGREEMENT WITH KAPSCH TRAFFICCOM USA TO PROVIDE FOR THE DESIGN AND INSTALLATION OF THE TOLLING SYSTEM FOR THE INTERSTATE 15/STATE ROUTE 91 EXPRESS LANES CONNECTOR 1) Approve Change Order No. 8B to Agreement No. 16-31-043-00 for the Interstate 15 Express Lanes Project (I-15 ELP) with Kapsch TrafficCom USA Inc. (Kapsch) to provide for the design and installation of the Tolling System for the I-15/SR-91 Express Lanes Connector (15/91 ELC) in the amount of $6,203,750, plus a contingency amount of $620,000, for a total amount not to exceed $6,823,750; 2) Authorize the Chair or Executive Director, pursuant to legal counsel review, to execute the change order on behalf of the Commission; and 3) Authorize the Executive Director or designee to approve contingency work up to the total amount not to exceed as required for the project. 8 Riverside County Transportation Commission Meeting Minutes February 9, 2022 Page 4 6I. ADOPTION OF RESOLUTION NO. 22-004 AUTHORIZING THE COMMISSION TO DECERTIFY AS THE LOCAL ACCESS FUND ADMINISTRATOR FOR THE TRANSPORTATION NETWORK COMPANIES ACCESS FOR ALL PROGRAM 1) Adopt Resolution No. 22-004, “A Resolution of the Riverside County Transportation Commission Decertifying itself to serve as the Local Access Fund Administrator for the Access for All Program for the County of Riverside”; 2) Approve an increase of $326,500 in the FY 2021/22 budget for Transportation Network Companies (TNC) Access for All revenues based on revenue received; and 3) Authorize the Executive Director or designee, pursuant to legal counsel review, to execute agreements and/or documents related to the TNC Access for All program on behalf of the Commission. 7. RIGHT OF WAY POLICIES AND PROCEDURES MANUAL Hector Casillas, Right of Way Manager, presented the updated RCTC/RCA Right of Way Policies and Procedures Manual, highlighting the following: • Commission Manual Adoptions  July 11, 2007 - Full Manual  March 13, 2013 - Amendment to Certain Section  October 14, 2015 - Full Manual • RCA Land Acquisition Policy Adoptions  March 6, 2006 November 1, 2010  December 4, 2006 February 6, 2012  May 14, 2007 April 2, 2012  September 10, 2007 March 11, 2013  October 1, 2007 December 2, 2013  December 10, 2008 September 14, 2020 • Updated Manual (summary of changes below)  To conform with current laws  Industry best practices  Incorporate the RCA Land Acquisition Policy  Increased from 12 to 13 Chapters • Chapters 1. General Information 2. Right of Way Management Plan 3. Title Report, Escrow Services, and Deeds 4. Surveys and Legal Description 5. Appraisal 6. Acquisition, Negotiation, and Eminent Domain 7. Relocation Assistance 9 Riverside County Transportation Commission Meeting Minutes February 9, 2022 Page 5 8. Property Management 9. Demolition, Clearance, and Right of Way Certification 10. Environmental Inspection, Investigation, and Remediation 11. Utility Relocations 12. Project Closeout 13. MSHCP Land Acquisition Policies • Next steps Chair Perez expressed appreciation to Mr. Casillas for the presentation and to Commissioner Raymond Gregory for catching the error in the Right of Way Manual at the Budget and Implementation Committee meeting. M/S/C (Gregory/Washington) to: 1) Adopt Resolution No. 22-003, “Resolution of the Riverside County Transportation Commission (RCTC) Approving and Adopting the RCTC/RCA Right of Way Policies and Procedures Manual”; and 2) Approve the updated RCTC/RCA Right of Way Policies and Procedures Manual, pursuant to legal counsel review as to conformance to federal and state law. Due to technical difficulties, there was no confirmation of Commissioner Jeremy Smiths’ vote. 8. ADDITIONAL AWARDS FISCAL YEAR 2021/22 SB 821 BICYCLE AND PEDESTRIAN FACILITIES PROGRAM FUNDING RECOMMENDATIONS Jenny Chan, Planning and Programming Manager, provided a detailed overview for the additional project awards for FY 2021/22 SB 821 Bicycle and Pedestrian Facilities Program funding recommendations. She also displayed a map of the FY 2021/22 SB 821 Call for Projects and last year’s previously awarded projects. M/S/C (Weill/Betts) to: 1) Approve additional project awards for the Fiscal Year 2021/22 SB 821 Bicycle and Pedestrian Facilities (SB 821) program for an additional amount of $1,668,071, and a total amount not to exceed $5,995,543; 2) Direct staff to prepare memorandums of understanding (MOUs) with the project sponsors to outline the project schedules and local funding commitments; and 3) Authorize the Chair or Executive Director, pursuant to legal counsel review, to execute the MOUs with the project sponsors. 10 Riverside County Transportation Commission Meeting Minutes February 9, 2022 Page 6 9. COUNTY OF RIVERSIDE FUNDING REQUEST FOR DESIGN OF THE INTERSTATE 10 BYPASS PROJECT Jillian Guizado, Planning and Programming Director, provided an overview for the County of Riverside funding request for design of the Interstate 10 Bypass Project. She also displayed Attachment 2, the project vicinity map of the I-10 Bypass - Banning to Cabazon. Commissioner Dana Reed asked Ms. Guizado if this could be effectuated before 2028 this is a badly needed project for the people in the Coachella Valley that need to get to points west and vice versa. Jillian Guizado replied she thinks that 2028 is actually the soonest that it could be delivered, the next phases design and right of way are anticipated to take the full three years. She stated that maybe RCTC’s consultant could find out if this can be done faster, but then there will be the challenge of finding the funding for the construction phase. Once they get this into design, they can start talking with the County about potential grant pursuits and other ways that they might identify funding for this important project. Chair Perez concurred with Commissioner Reed’s comments noting that hopefully they can speed it up as much as possible. Commissioner Russell Betts stated regarding Commissioner Reed’s concern over the timeframe, it reminds him of when overpasses fell during earthquakes in Los Angeles, and they needed to get those up and running and it happened rather quickly. He also wanted to share the concern for the cause of pushing that along if they can. Commissioner Betts asked if this would serve as an important connection for the communities around those traffic jams allowing them to get back and forth without having to get on Interstate 10. Jillian Guizado replied yes and asked for Mark Lancaster, Director of Transportation, to respond. Mark Lancaster stated yes that will help local circulation particularly in the Cabazon area between Cabazon and Banning, it provides a local alternative for traffic users in that area. In response to Commissioner Betts’ inquiry if this will not end up being necessarily a linked bypass where they could decide to take an easy off ramp avoiding surface streets, then take this bypass, and they get back on I-10, Mark Lancaster replied yes, they will get off basically on the eastside of Banning south of I-10 and they get back on at Main Street/Apache Trail. Commissioner Betts stated there are surface streets between the entrance and exit so when they get off I-10 they are on surface streets, stop lights, right and left turns, and then get on the bypass, and then they have the same thing at the other end. 11 Riverside County Transportation Commission Meeting Minutes February 9, 2022 Page 7 Commissioner Betts asked Mark Lancaster if that was correct. Mark Lancaster replied that is correct. Commissioner Mary Hamlin expressed this is badly needed in the Banning area and she requested to provide a more detailed map so she can inform their city people and their constituents as to what is on the horizon because they will be happy about it. Jillian Guizado replied that she can provide the specific alignment map. Commissioner Jeff Hewitt concurred about addressing some of those questions especially can they get it done quicker, well certainly this is the necessary step however quickly to get it done. It is very important to get the design and start that property acquisition because property acquisition can always take quite a while. Commissioner Hewitt stated it not only benefits the communities of Cabazon and Banning, but as Commissioner Reed noted it really keeps that entire Coachella Valley open to the ports and everything else west. He stated this is an exciting time for the pass and with that Commissioner Hewitt moved the motion. Commissioner Benoit seconded the motion. He explained this is obviously a project that has been a long time in the making and it is an amazing need for those of them that travel back and forth to the Coachella Valley. He stated even all the way out here in Wildomar, he has been caught in that traffic a few times now where there is no other option. Vice Chair Benoit concurred with the comments that as soon as they can they need to get this going. Mark Lancaster stated he has a map that will illustrate the alignment Commissioner Washington preferred to see the map if Mark Lancaster can display it. Commissioner Reed requested to have this map emailed to the Commissioners. Mark Lancaster then described the project while displaying the Alternative 12 map and noted the map will be provided to the Commissioners. M/S/C (Hewitt/Benoit) to: 1) Approve programming $8 million of Transportation Uniform Mitigation Fee (TUMF) Regional Arterial funds for the County of Riverside’s (County) Interstate 10 (I-10) Bypass Project; 2) Approve Agreement No. 22-72-048-00 between the Commission and County for the programming of $6 million of TUMF Regional Arterial funding for the design phase and $2 million for the right of way phase of the I-10 Bypass Project; and 3) Authorize the Chair or Executive Director, pursuant to legal counsel review, to execute the agreement. 12 Riverside County Transportation Commission Meeting Minutes February 9, 2022 Page 8 Due to technical difficulties, there was no confirmation of Commissioners Hernandez’s and Rigby’s vote. Anne Mayer stated as she listened to this item, both fondly and gratefully recalled then Supervisor John Benoit made sure that a fire was lit under a lot of people to make sure this I-10 Bypass concept came to be. She guessed that he would be quite happy to know they are heading into design and right of way, as it has taken a long time and it is a very important project. She explained not only did he push this project, but also the moveable gates in the mediation along I-10 to make sure they can turn people around. She wanted to share that fond memory and appreciated everything that Supervisor Benoit did on this project. 10. ITEM(S) PULLED FROM CONSENT CALENDAR FOR DISCUSSION There were no items pulled from the consent calendar. 11. EXECUTIVE DIRECTOR’S REPORT 12A. Anne Mayer announced: • Staff may be inundating the Commissioners with emails and alerts about all the construction RCTC has going on, but she is really pleased not only did they open the 91 Corridor Operations Project last month, they had the big closures on the 15/91, there is a lot of work going on at Railroad Canyon Road in the city of Lake Elsinore, and at Placentia Interchange in the city of Perris, and then last weekend there was the SR-60 Truck Lane closures. She stated there is so much work going under the RCTC’s leadership and in partnership with all the cities and expressed appreciation to the teams. The coordination with all these closures not only with their member agencies and the jurisdictions, but with Caltrans and the California Highway Patrol the partnerships are just extraordinary and expressed appreciation these projects are going very well. Anne Mayer also expressed appreciation of the traveling public and the people in those communities who are being patient while they make all of these improvements. Apologies if they are being inundated with lots of alerts, these are important projects, important closures and RCTC wants to make sure they have the information should their constituents be asking or if they are going on the road during these days when RCTC has the closures. Commissioner Betts stated regarding SR-60 he is aware there is a lot going on, but for the traveling public he has not seen interruption. He drives that regularly and he is amazed at the project, the work that is going on there, how smoothly that work has gone, and it is absolutely something amazing to watch. He expressed it all starts here with this Commission getting 13 Riverside County Transportation Commission Meeting Minutes February 9, 2022 Page 9 these projects done and he congratulated staff and especially the people out there making all this happen. 12. COMMISSIONER COMMENTS 13A. Commissioner Lisa Middleton announced in the city of Palm Springs on February 26 at 10:00 a.m. is their Annual Black History Month Parade. During the balance of the afternoon at Frances Stevens Park the end of the parade route the Black History Month Talent Fair will be held. 13B. Commissioner Hoffman stated to Anne Mayer, no apologies necessary and keep those emails coming because his city people use it, he shares it to his constituents, and he gets those out on social media as quick as he can. The city of Norco residents and commuters enjoy at least knowing where they are going to get stopped and where they will not. 13. CLOSED SESSION 13A. CONFERENCE WITH REAL PROPERTY NEGOTIATORS Pursuant to Government Code Section 54956.8 Agency Negotiator: Executive Director or Designee Item Property Description Property Owner Buyer(s) 1 225-350-006 & 033 RCTC Kingsfield Development (David Peery, President) KW Commercial for Imad A. Boukai CEO & President of GP Development, Inc. J&L Properties (Joe Tavaglione) There were no announcements for the Closed Session items. 14 Riverside County Transportation Commission Meeting Minutes February 9, 2022 Page 10 14. ADJOURNMENT There being no further business for consideration by the Riverside County Transportation Commission, Chair Harnik adjourned the meeting at 10:32 a.m. The next Commission meeting is scheduled to be held at 9:30 a.m., Wednesday, March 9, 2022. Respectfully submitted, Lisa Mobley Administrative Services Manager/ Clerk of the Board 15 AGENDA ITEM 6C Agenda Item 6C RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: March 9, 2022 TO: Riverside County Transportation Commission FROM: Budget and Implementation Committee Michele Cisneros, Deputy Director of Finance THROUGH: Anne Mayer, Executive Director SUBJECT: Quarterly Sales Tax Analysis BUDGET AND IMPLEMENTATION COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to receive and file the sales tax analysis for the Quarter 3, 2021 (3Q 2021). BACKGROUND INFORMATION: At its December 2007 meeting, the Commission awarded an agreement with MuniServices, LLC (MuniServices), an Avenu Company, for quarterly sales tax reporting services plus additional fees contingent on additional sales tax revenues generated from the transactions and use tax (sales tax) audit services. As part of the recurring contracts process in June 2018, the Commission approved a five-year extension through June 30, 2023. The services performed under this agreement pertain to only the Measure A sales tax revenues. Since the commencement of these services, MuniServices submitted audits, which reported findings and submitted to the California Department of Tax and Fee Administration (CDTFA), for review and determination of errors in sales tax reporting related to 1,447 businesses. Through 2Q 2021, the CDTFA approved $13,940,702 of cumulative sales tax revenues recovered for the Commission. If CDTFA concurs with the error(s) for the remaining claims, the Commission will receive additional revenues; however, the magnitude of the value of the remaining findings was not available. It is important to note that while the recoveries of additional revenues will be tangible, it will not be sufficient to alter the overall trend of sales tax revenues. MuniServices provided the Commission with the Quarterly Sales Tax Digest Summary report for 3Q 2021. Most of the 3Q 2021 Measure A sales tax revenues were received in the fourth quarter of calendar year 2021, during October 2021 through December 2021, due to a lag in the sales tax calendar. The summary section of the 3Q 2021 report is attached and includes an overview of California’s economic outlook, local results, historical cash collections analysis by quarter, top 25 sales/use tax contributors, historical sales tax amounts, annual sales tax by business category, and five-year economic trend (general retail). 16 Agenda Item 6C Taxable transactions for the top 25 contributors in Riverside County generated 27.9 percent of taxable sales for the benchmark year ended 3Q 2021, comparable to the benchmark year ended 3Q 2020. The top 100 tax contributors generated 42.3 percent for the benchmark year ended 3Q 2021, slightly higher than the 42 percent for the benchmark year ended 3Q 2020. In the Economic Category Analysis below, all six categories experienced new highs in the 3Q 2021 benchmark year compared to the prior eight benchmark years. An analysis of sales tax performance through 3Q 2021 is attached illustrating consistent cycles for sales tax performance within a majority of economic categories since 3Q 2016. Nine of the top ten segments (miscellaneous retail, auto sales – new, restaurants, department stores, building materials – wholesale, food markets, building materials – retail, apparel stores, and heavy industry) exceeded its past eight benchmark year quarters along with receipts reaching a new high point during 3Q 2021. These economic segments represent 66.6 percent of the total sales tax receipts. The top ten economic segments represent 72.5 percent of total sales tax receipts while the remaining twenty-one segments represent 27.5 percent of total sales tax receipts. Furthermore, seventeen segments representing 24.9 percent of total sales tax receipts reached new high points in the benchmark year 3Q 2021. In the Economic Segment Analysis below, auto sales – new is the top performing economic segments since 2014. Restaurants had been the top economic segments since 2014 but was replaced by miscellaneous – retail beginning in the 3Q 2020 benchmark year. Miscellaneous – retail includes online retailers and has been a large contributor to sales/use tax in Riverside County during the COVID-19 pandemic. Department stores had been in the top economic segments since 2016 but was replaced by restaurants in the 3Q 2021 benchmark year. % of Total / % Change RCTC State Wide Orange County Riverside County S.F. Bay Area Sacramento Valley Central Valley South Coast North Coast Central Coast General Retail 31.5 / 23.5 28.6 / 15.4 26.6 / 17.1 31.6 / 39.2 26.6 / 7.0 28.1 / 32.7 38.8 / 33.6 27.0 / 14.0 30.4 / 12.0 30.0 / 6.3 Food Products 15.2 / 17.2 18.8 / 2.9 19.5 / 12.1 18.1 / 18.0 18.2 / -5.5 15.2 / 7.7 13.5 / -1.3 20.8 / 6.1 16.1 / -29.4 31.0 / -4.1 Transportation 23.4 / 27.6 23.9 / 13.8 25.3 / 21.7 25.1 / 24.4 21.6 / 8.3 28.0 / 18.0 21.0 / 1.0 24.6 / 17.1 27.6 / 8.5 22.7 / 11.4 Construction 11.0 / 21.0 10.8 / 7.6 9.1 / 12.8 13.8 / 17.2 11.2 / 3.8 13.5 / 17.0 10.9 / 3.2 9.7 / 8.3 15.8 / 8.4 7.7 / 3.6 Business to Business 15.0 / 15.4 16.8 / 4.2 18.5 / 8.5 10.9 / 8.5 21.3 / 3.6 14.1 / 6.6 15.1 / 1.8 16.7 / 4.9 9.4 / 8.0 7.5 / -19.4 Miscellaneous 4.0 / 40.8 1.0 / 1.8 0.9 / -20.9 0.7 / 4.1 1.1 / -6.7 1.2 / 13.7 0.7 / 2.7 1.1 / 4.2 0.8 / -4.6 1.0 / 16.1 Total 100.0 / 22.4 100.0 / 9.5 100.0 / 14.6 100.0 / 24.1 100.0 / 3.5 100.0 / 18.0 100.0 / 11.6 100.0 / 10.7 100.0 / 0.5 100.0 / 1.4 General Retail: Apparel Stores, Department Stores, Furniture/Appliances, Drug Stores, Recreation Products, Florist/Nursery, and Misc. Retail Food Products: Restaurants, Food Markets, Liquor Stores, and Food Processing Equipment Construction: Building Materials Retail and Building Materials Wholesale Transportation: Auto Parts/Repair, Auto Sales - New, Auto Sales - Used, Service Stations, and Misc. Vehicle Sales Business to Business: Office Equip., Electronic Equip., Business Services, Energy Sales, Chemical Products, Heavy Industry, Light Industry, Leasing, Biotechnology, I.T. Infrastructure, and Green Energy Miscellaneous: Health & Government, Miscellaneous Other, and Closed Account Adjustments ECONOMIC CATEGORY ANALYSIS 17 Agenda Item 6C Information regarding sales tax comparison by city and change in economic segments (two highest gains and two highest declines) for 3Q 2021 to 3Q 2020 is attached. Staff will continue to monitor sales tax receipts and other available economic data to determine the need for adjusting current revenue projections. Staff will also utilize forecast scenarios with the complete report and receipt trends in assessing such projections. FISCAL IMPACT: This is an information item. There is no fiscal impact. Attachments: 1) Sales Tax Digest Summary 3Q 2021 2) Sales Tax Performance Analysis by Quarter 3Q 2021 3) Quarterly Sales Tax Comparison by City for 3Q 2021 to 3Q 2020 RCTC State Wide Orange County Riverside County S.F. Bay Area Sacramento Valley Central Valley South Coast North Coast Central Coast Largest Segment Miscellaneous Retail Restaurants Auto Sales - New Miscellaneous Retail Auto Sales - New Auto Sales - New Miscellaneous Retail Restaurants Auto Sales - New Restaurants % of Total / % Change 12.8 / 29.6 12.5 / 2.4 14.6 / 30.1 12.7 / 88.9 11.9 / 13.6 12.4 / 22.9 13.2 / 150.0 14.2 / 5.9 11.9 / 17.8 21.1 / -4.9 2nd Largest Segment Auto Sales - New Auto Sales - New Restaurants Auto Sales - New Restaurants Restaurants Department Stores Auto Sales - New Department Stores Auto Sales - New % of Total / % Change 11.6 / 34.4 12.2 / 20.4 13.4 / 13.0 11.9 / 30.3 11.8 / -6.3 9.8 / 9.7 10.9 / -0.4 13.1 / 27.1 11.9 / 8.9 12.9 / 14.9 3rd Largest Segment Restaurants Miscellaneous Retail Department Stores Restaurants Miscellaneous Retail Miscellaneous Retail Restaurants Department Stores Bldg.Matls- Retail Miscellaneous Retail % of Total / % Change 9.3 / 19.0 8.9 / 32.9 8.7 / 10.5 10.6 / 18.4 9.8 / 8.7 9.5 / 106.5 8.7 / 0.6 8.4 / 7.1 10.0 / 10.0 9.1 / 6.5 ECONOMIC SEGMENT ANALYSIS 18 Riverside County Transportation Commission Sales Tax Digest Summary Collections through December 2021 Sales through September 2021 (2021Q3) www.avenuinsights.com (800)800‐8181 Page 1 CALIFORNIA’S ECONOMIC OUTLOOK  California sales tax receipts increased by 17.6% over the same quarter from the previous year, with  Northern California reporting a 15.3% increase compared to a 19.4% increase for Southern California.  Receipts for the RCTC increased by 20.7% over the same periods.   Real Gross Domestic Product (GDP) increased at an annual rate of 2.0% in the third quarter of 2021. Real  GDP in Q3 2021 surpassed its Q4 2019 pre‐pandemic peak by 1.4%. (BEA)  The U.S. unemployment rate fell by 0.6% to 4.6% in October of 2021 compared to August of 2021. Total  U.S. nonfarm payroll employment increased by 531,000 (0.2%) in October of 2021. California's  unemployment rate decreased to 7.3% in October, a slight 0.3% improvement from June of 2021.   California's civilian employment increased by 201,500 (1.2%) in October of 2021 compared to June of  2021. (BLS, EDD)  LOCAL RESULTS  Net Cash Receipts Analysis  Local Collections $66,830,740  Less: Cost of Administration $(495,400)  Net 3Q2021 Receipts $66,335,340  Net 3Q2020 Receipts $54,963,677  Actual Percentage Change 20.7%  Business Activity Performance Analysis  Local Collections – Economic Basis 3Q2021 $64,172,352  Local Collections – Economic Basis 3Q2020 $54,652,705  Quarter over Quarter Change $9,519,647  Quarter over Quarter Percentage Change 17.4%  Avenu Insights & Analytics’ On‐Going Audit Results  Total Recovered Since Inception $13,940,702  ATTACHMENT 1 19 RCTC www.avenuinsights.com (800) 800‐8181 Page 2  $‐  $100  $200  $300  $400  $500  $600  $‐  $10,000  $20,000  $30,000  $40,000  $50,000  $60,000  $70,000  $80,000 2Q2019 3Q2019 4Q2019 1Q2020 2Q2020 3Q2020 4Q2020 1Q2021 2Q2021 3Q2021 (in thousands  of $) Net  Receipts CDTFA Admin Fees Due HISTORICAL CASH COLLECTIONS ANALYSIS BY QUARTER                                              TOP 25 SALES/USE TAX CONTRIBUTORS  The following list identifies RCTC’s Top 25 Sales/Use Tax contributors. The list is in alphabetical order  and represents sales from October 2020 to September of 2021. The Top 25 Sales/Use Tax contributors  generate 27.9% of RCTC’s total sales and use tax revenue.  * ”‐ EC” added to the end of business names represent electronic commerce. 7‐ELEVEN FOOD STORES LOWE’S HOME CENTERS  AMAZON.COM – EC MCDONALD'S RESTAURANTS  AMAZON.COM SERVICES – EC RALPH'S GROCERY COMPANY  ARCO AM/PM MINI MARTS ROSS STORES  BEST BUY STORES SAM'S CLUB  CARMAX THE AUTO SUPERSTORE SHELL SERVICE STATIONS  CHEVRON SERVICE STATIONS STATER BROS MARKETS  CIRCLE K FOOD STORES TARGET STORES  COSTCO WHOLESALE TESLA  DEPARTMENT OF MOTOR VEHICLES VERIZON WIRELESS  EBAY – EC W.W. GRAINGER  HOME DEPOT WAL MART STORES  KOHL'S DEPARTMENT STORES   20 RCTC www.avenuinsights.com (800) 800‐8181 Page 3 $0 $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 $35,000 3Q2021 High Low 53,930  54,868  57,229  57,956  58,006  61,230  65,413  70,000 75,496 79,707 35,076  35,301  35,578  34,974  32,503  32,002  31,473  31,654  35,547  38,450  47,355  47,135  47,647  47,275  45,537  46,129  46,436  49,499  55,211  59,172  20,971  21,166  21,084  21,528  21,876  22,520  23,863  24,964  27,033  27,765  31,697  32,419  32,411  32,658  32,267  32,475  32,766  34,493  36,400  37,885  6,162  6,524  6,862  7,251  7,438  8,204  7,211  $ 0$ 20,000 $ 40,000 $ 60,000 $ 80,000 $ 100,000 $ 120,000 $ 140,000 $ 160,000 $ 180,000 $ 200,000 2Q2019 3Q2019 4Q2019 1Q2020 2Q2020 3Q2020 4Q2020 1Q2021 2Q2021 3Q2021 (in thousands of $) General Retail Food  Products Transportation Construction Business To  Business Miscellaneous 8,700 8,966 7,947 HISTORICAL SALES TAX AMOUNTS                                          ANNUAL SALES TAX BY BUSINESS CATEGORY                                      The following chart shows the sales tax level from annual sales through September of 2021, the  highs, and the lows for the top ten segments over the last two years in thousands of $.  21 RCTC www.avenuinsights.com (800) 800‐8181 Page 4 $0 $5,000 $10,000 $15,000 $20,000 $25,000 4Q 2 0 1 6 1Q 2 0 1 7 2Q 2 0 1 7 3Q 2 0 1 7 4Q 2 0 1 7 1Q 2 0 1 8 2Q 2 0 1 8 3Q 2 0 1 8 4Q 2 0 1 8 1Q 2 0 1 9 2Q 2 0 1 9 3Q 2 0 1 9 4Q 2 0 1 9 1Q 2 0 2 0 2Q 2 0 2 0 3Q 2 0 2 0 4Q 2 0 2 0 1Q 2 0 2 1 2Q 2 0 2 1 3Q 2 0 2 1 (in thousands  of  $) FIVE‐YEAR ECONOMIC TREND: General Retail      22 RCTC:  Sales Tax Performance Analysis by Quarter TOTAL Economic TOTAL 2021Q3 QoQ %∆QoQ $∆YoY %∆YoY $∆ $64,169,900 17.4% $9,518,013 22.4% $46,404,173 GENERAL RETAIL 2021Q3 QoQ %∆QoQ $∆YoY %∆YoY $∆ $18,886,137 11.6% $1,960,928 23.5% $15,145,845 29.4% FOOD PRODUCTS 2021Q3 QoQ %∆QoQ $∆YoY %∆YoY $∆ $10,116,337 28.9% $2,265,838 17.2% $5,637,026 % of Total: 15.8% TRANSPORTATION 2021Q3 QoQ %∆QoQ $∆YoY %∆YoY $∆ $15,891,334 25.7% $3,244,390 27.6% $12,808,739 % of Total: 24.8% CONSTRUCTION 2021Q3 QoQ %∆QoQ $∆YoY %∆YoY $∆ $7,153,121 10.9% $701,673 21.0% $4,825,837 % of Total: 11.1% BUSINESS TO BUSINESS 2021Q3 QoQ %∆QoQ $∆YoY %∆YoY $∆ $9,457,195 10.8% $918,659 15.4% $5,054,625 % of Total: 14.7% Q4 Q1 Q2 Q3 TOTAL CATEGORY % of 2021Q3 Total: QoQ = 21Q3 / 20Q3 YoY = YE 21Q3 / YE 20Q3 $0 $5,000,000 $10,000,000 $15,000,000 $20,000,000 $25,000,000 $0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 $70,000,000 $80,000,000 Avenu Insights & Analytics ATTACHMENT 2 23 RCTC: Quarterly Comparison of 2020Q3 and 2021Q3 (July through September Sales) Ge n e r a l  Re t a i l Fo o d  Pr o d u c t s Tr a n s p o r t a t i o n Co n s t r u c t i o n Bu s i n e s s  To  Bu s i Mi s c e l l a n e o u s Jul ‐ Sep 2021  (2021Q3) Jul ‐ Sep 2020  (2020Q3)% Chg Gain Gain Decline Decline BANNING 32.3% 19.4% 11.1%‐1.9% 55.7% 151.7%771,110 648,842 18.8%Service Stations Restaurants Auto Sales ‐ Used Leasing BEAUMONT 289.2% 22.4% 25.6% 8.3%‐71.4% 32.4%2,632,598 1,532,459 71.8%Miscellaneous Retail Service Stations Light Industry Business Services BLYTHE ‐16.9% 3.7% 10.6%‐18.3%‐3.0% 160.8%390,238 390,816 ‐0.1%Service Stations Light Industry Miscellaneous Retail Heavy Industry CALIMESA 4.7% 11.0% 42.8%‐27.9% 215.1% 4.7%281,637 223,597 26.0%Service Stations Leasing Apparel Stores Auto Sales ‐ Used CANYON LAKE ‐1.5% 20.8% 8.1% 5404.8% 381.7% 12.2%72,921 61,141 19.3%Restaurants Business Services Auto Parts/Repair Auto Sales ‐ Used CATHEDRAL CITY 7.5% 20.9% 24.4%‐4.1% 6.4% 14.2%2,786,597 2,326,505 19.8%Auto Sales ‐ New Service Stations Bldg.Matls‐Retail Food Processing Eqp COACHELLA 15.3% 15.4% 39.7% 38.9% 79.1%‐34.5%1,022,793 785,055 30.3%Service Stations Restaurants Miscellaneous Other Health & Government CORONA 13.8% 25.9% 38.0%‐4.9%‐1.7%‐42.4%10,665,298 9,681,291 10.2%Service Stations Auto Sales ‐ New Bldg.Matls‐Whsle Office Equipment COUNTY OF RIVERSIDE 37.0% 25.6% 46.2% 25.0% 62.2%‐18.4%9,374,928 6,867,408 36.5%Miscellaneous Retail Leasing Recreation Products Electronic Equipment DESERT HOT SPRINGS ‐5.0% 10.8% 37.7% 14.7% 62.6% 94.3%482,784 409,627 17.9%Service Stations Restaurants Furniture/Appliance Bldg.Matls‐Retail EASTVALE 853.0% 15.7% 67.4% 12.1%‐3.2% 20.5%8,929,347 2,274,092 292.7%Miscellaneous Retail Department Stores Business Services Auto Parts/Repair HEMET 8.7% 20.4% 15.6%‐2.3% 12.4% 41.6%3,631,737 3,211,631 13.1%Auto Sales ‐ New Restaurants Bldg.Matls‐Retail Chemical Products INDIAN WELLS ‐4.5% 243.0% 0.0% 131.2% 1464.7% 1573.6%138,848 58,495 137.4%Restaurants Light Industry Miscellaneous Retail Leasing INDIO 16.7% 30.4% 32.2% 24.1%‐7.8% 10.0%3,223,960 2,626,350 22.8%Auto Sales ‐ New Restaurants Heavy Industry Leasing JURUPA VALLEY ‐63.6% 18.0% 18.0% 9.7% 15.4%‐2.2%3,898,191 4,366,056 ‐10.7%Service Stations Heavy Industry Department Stores Office Equipment LA QUINTA 18.9% 46.4% 25.5%‐2.4% 12.9%‐46.4%2,107,209 1,738,874 21.2%Restaurants Department Stores Bldg.Matls‐Whsle Miscellaneous Other LAKE ELSINORE 20.4% 25.8% 19.4% 4.7% 21.2% 15.4%3,217,193 2,693,594 19.4%Auto Sales ‐ New Restaurants Light Industry Bldg.Matls‐Retail MENIFEE 22.0% 25.4% 27.0% 28.6% 45.9% 78.0%2,516,670 1,989,613 26.5%Service Stations Bldg.Matls‐Retail Bldg.Matls‐Whsle Misc. Vehicle Sales MORENO VALLEY 126.6% 22.6% 29.3%‐6.4%‐3.6% 161.2%7,288,566 4,929,578 47.9%Miscellaneous Retail Auto Sales ‐ New Bldg.Matls‐Retail Auto Sales ‐ Used MURRIETA 15.0% 28.3% 23.8% 2.1% 9.0%‐11.2%5,282,543 4,481,121 17.9%Auto Sales ‐ Used Restaurants Bldg.Matls‐Retail Office Equipment NORCO 11.7% 15.7% 23.5%‐2.7% 25.5% 64.0%2,120,863 1,795,369 18.1%Auto Sales ‐ Used Service Stations Auto Sales ‐ New Misc. Vehicle Sales PALM DESERT 31.5% 66.8% 12.5% 18.1% 8.9%‐74.9%4,207,915 3,247,714 29.6%Restaurants Apparel Stores Miscellaneous Other Auto Sales ‐ Used PALM SPRINGS 15.1% 53.1% 46.7%‐2.6% 17.0%‐53.1%3,299,684 2,592,930 27.3%Restaurants Auto Sales ‐ New Light Industry Miscellaneous Other PERRIS ‐16.0% 27.1% 21.2% 15.8%‐13.4% 7.1%5,235,873 5,143,845 1.8%Bldg.Matls‐Retail Food Markets Miscellaneous Retail Light Industry RANCHO MIRAGE 12.9% 68.3% 63.9%‐1.4% 6.4% 4.9%1,256,567 952,746 31.9%Restaurants Auto Sales ‐ New Apparel Stores Business Services RIVERSIDE 34.8% 28.0% 17.8% 30.4% 1.0% 25.9%17,976,775 14,812,458 21.4%Bldg.Matls‐Whsle Department Stores Electronic Equipment Leasing SAN JACINTO 18.9% 10.3% 39.1% 28.3% 106.3% 50.8%949,017 768,283 23.5%Service Stations Miscellaneous Retail Drug Stores Furniture/Appliance TEMECULA 31.9% 36.0% 25.8%‐2.9% 6.7% 103.1%9,909,865 8,017,323 23.6%Auto Sales ‐ New Restaurants Office Equipment Bldg.Matls‐Retail WILDOMAR 96.1% 13.4% 25.0% 40.4%‐37.6% 43.8%577,617 479,121 20.6%Service Stations Drug Stores Office Equipment Miscellaneous Other RIVERSIDE COUNTY Non‐Confidential MuniServices / Avenu Insights & Analytics ATTACHMENT 3 24 AGENDA ITEM 6D Agenda Item 6D RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: March 9, 2022 TO: Riverside County Transportation Commission FROM: Budget and Implementation Committee Michele Cisneros, Deputy Director of Finance THROUGH: Anne Mayer, Executive Director SUBJECT: Quarterly Financial Statements BUDGET AND IMPLEMENTATION COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to receive and file the Quarterly Financial Statements for the six months ended December 31, 2021. BACKGROUND INFORMATION: During the first six months of the fiscal year (July 2021 through December 2021), staff monitored the revenues and expenditures of the Commission. The attached financial statements present the revenues and expenditures for the first six months of the fiscal year. Period closing accrual adjustments are not included for revenues earned but not billed and expenditures incurred for goods and services received but not yet invoiced, as such adjustments are normally made during the year-end closing process. The operating statement shows the Measure A and Local Transportation Fund (LTF) sales tax revenues for the second quarter at 41 percent of the budget. This is a result of Governmental Accounting Standards Board (GASB) Statement No. 33, Accounting and Financial Reporting for Nonexchange Transactions. GASB Statement No. 33 requires sales tax revenues to be accrued for the period in which they are collected at the point of destination or sale, as applicable. The California Department of Tax and Fee Administration collects the sales tax funds and remits these funds to the Commission after the reporting period for the businesses. This creates a two-month lag in the receipt of revenues by the Commission. Accordingly, these financial statements reflect the revenues related to collections through October 2021. On a cash basis, the Measure A and LTF sales tax receipts are 25.27 percent and 27.28 percent higher, respectively, than the same period last fiscal year. On an accrual basis, the Measure A and LTF sales tax revenues for the six-month period ended December 2021 were $87.3 million and $45.5 million respectively, compared to $72.1 million and $36.7 million, respectively than the same period last fiscal year. In January 2022, the Commission approved a mid-year budget adjustment increase of $40 million and $22 million for Measure A and LTF, respectively, and will be reflected in the third quarter 2022 financial statements. State Transit Assistance revenues, including State of Good Repair for the second quarter of 2022, are expected to be received in 25 Agenda Item 6D the third quarter of 2022. Staff will continue to monitor the trends in the sales taxes and report to the Commission any necessary adjustments in revenue projections. Federal, state, and local reimbursements are generally on a reimbursement basis. The Commission will receive these reimbursements as eligible project costs are incurred and invoiced to the respective agencies. The negative reimbursement amounts in the General fund and Freeway Service Patrol/Service Authority for Freeway Emergencies funds reflect the reverse of FY 2020/21 accrued revenues at the beginning of FY 2021/22 in excess of amounts billed through the second quarter of 2022. During the first six months of the fiscal year the Commission received approximately $69 million in reimbursements. Invoices will be prepared and submitted in the third quarter for reimbursements. During the FY 2021/22 budget process, the Commission conservatively estimated Transportation Uniform Mitigation Fee revenues of $11 million passed through from Western Riverside Council of Governments (WRCOG). For the six months ended December 2021, the Commission has received $11 million from WRCOG. In January 2022, the Commission approved a mid-year budget adjustment increase of $19 million which will be reflected in the third quarter 2022 financial statements. The Commission expects to receive the November 2021 through December 2021 revenues in the third quarter. During the FY 2021/22 budget process, the Commission conservatively budgeted RCTC 91 Express Lanes and 15 Express Lanes toll revenues and toll violations and fee revenues at $41.5 million and $23.6 million, respectively. The operating statement shows toll revenues at 72 percent of the budget and toll violations and fee revenues at 144 percent of the budget. This is as a result of ridership increasing to pre-pandemic levels during the first six months of the fiscal year. Staff will continue to monitor the toll transactions and/or trips and non-toll revenues for the new operations on the 15 Express Lanes, and impacts post COVID-19 on the RCTC 91 Express Lanes and 15 Express Lanes. The financial statement shows other revenues at 54 percent of the $657,300 budget and reflects property management lease revenues. During the FY 2021/22 budget process, the Commission conservatively estimated investment income at $910,100 due to decreasing interest rates. The operating statement shows investment income, which includes unrealized investment gains (losses), at 108 percent of the $910,100 budget. The expenditures/expenses and other financing sources/uses categories are in line overall with the expectations of the budget with the following exceptions: • Salaries and benefits are under budget primarily due to unfilled budget positions; • Professional services are under budget primarily due to unused budget authority for rail operations and development activities, highway general legal and professional services, 26 Agenda Item 6D toll operations general legal and professional services, administrative professional services, and finance auditing and professional services; • Support costs are under budget due to unused budget authority for administrative activities, rail operations and development activities, highway operations, and toll operations; • Program operations are under budget due to unused budget authority for the toll operations, motorist and commuter assistance program operations, highway and rail program management, and station security; • The status of significant Commission capital projects (engineering, construction, design-build, and right of way/land) with budget amounts exceeding $5 million is discussed in the attachment. The negative expenditure amount reflects the reversal of FY 2020/21 accrued expenditures at the beginning of FY 2021/22 in excess of the amounts invoiced to the Commission through the second quarter; • Operating and capital disbursements are made as claims are submitted to the Commission by transit operators; • Special studies unused budget authority is related to feasibilities studies; • Local streets and roads expenditures are related to Measure A sales tax revenues. These financial statements reflect the turnback payments through October 2021; • Regional arterial expenditures primarily represent expenditures for highways and regional arterial program administered by Coachella Valley Association of Governments (CVAG). CVAG requests reimbursements from the Commission based on available funds and sufficient budget authority. • Debt service principal payments are made annually on June 1, while debt service interest payments are made semiannually on December 1 and June 1. In accordance with the applicable accounting standards related to Enterprise Funds, both the RCTC 91 and 15 Express Lanes Enterprise Funds record accrued and compounded interest on its related debt such as the RCTC 91 Express Lanes 2021 Toll Revenue Refunding Bonds and 2013 Toll Revenue Bonds, Series B (capital appreciation bonds or CABs) for the 91 Project and 15 Express Lanes Project Transportation Infrastructure Finance and Innovation Act (TIFIA) loan. However, $6 million of the $13.9 million interest cost through the second quarter will not be paid in the current year for the RCTC 91 Express Lanes Enterprise Fund and $2.4 million for the 15 Express Lanes Enterprise Fund and therefore is not included in the FY 2021/22 budget; • Capital outlay expenditures are under budget due to unused budget authority for office and property improvements for station rehabilitation, toll operations transponders, and Commission office, network, hardware, and software improvements; • Depreciation is recorded as part of the accrual adjustments in the RCTC 91 Express Lanes and 15 Express Lanes Enterprise Funds accounting records; however, such depreciation is not paid and therefore is not included in the FY 2021/22 budget; • The Commission entered into a loan agreement with the U.S. Department of Transportation for a $152.5 million TIFIA loan to pay eligible I-15 Express Lanes project costs. Proceeds of the TIFIA loan may be drawn upon after certain conditions have been met. Through the second quarter, the Commission drew down the final $4.3 in 27 Agenda Item 6D TIFIA loan proceeds, for a cumulative inception to date total in TIFIA loan proceeds of $152.2 million. Total loan proceeds are recorded as a liability in the 15 Express Lanes Enterprise Fund accounting records. During construction of the I-15 Express Lanes project and for a period of up to five years following substantial completion, interest is compounded and added to the TIFIA loan. TIFIA debt service payments are expected to commence in December 2025, which is approximately five years after substantial completion of the I-15 Express Lanes project (April 2021), through 2055; and • In October 2021, the Commission issued toll revenue refunding bonds (2021 Toll Revenue Refunding Bonds) consisting of $88,735,000 senior lien federally taxable bonds, $450,629,000 senior lien tax-exempt bonds, and $75,695,000 second lien tax-exempt bonds. The proceeds of the 2021 Toll Revenue Refunding Bonds were used to refund a portion of the RCTC 91 Express Lanes 2013 Toll Revenue Current Interest Bonds (CIBs), paid the purchase price of the 2013 Toll Revenue CIBs accepted for tender for cash, refunded and prepaid the TIFIA loan, funded capitalized interest, made deposits to required reserves, and paid costs of issuance. Certain senior lien tax-exempt bonds were issued in exchange for certain 2013 Toll Revenue CIBs accepted for exchange. Additionally, the Commission deposited available funds with an escrow agent to defease approximately $28,919,000 in accreted value of the 2013 Toll Revenue CABs maturing in the years 2022 through 2025 and 2027 through 2029. Cost of issuance of $3.8 million was expended in connection with the issuance of the 2021 Toll Revenue Refunding bonds. The transaction is recorded as a liability in the 91 Express Lanes Enterprise Fund accounting records. FISCAL IMPACT: This is an information item. There is no fiscal impact. Attachments: 1) Quarterly Project Status – December 2021 2) Quarterly Financial Statements – December 2021 28 RIVERSIDE COUNTY TRANSPORTATION COMMISSION QUARTERLY PROJECT STATUS 2nd QUARTER FOR SIX MONTHS ENDED 12/31/2021 Project Description FY 2021/22 through 2nd Quarter Budget Expenditures through 2nd Quarter Actuals Project Status 91 Project (P003028) The project connects with Orange County Transportation Authority’s tolled express lanes at the Orange County/Riverside County line and continues approximately eight miles to the Interstate (I)-15/State Route (SR)-91 interchange. The project involves widening pavement on the outside of the existing highway to reposition general purpose lanes and repurposing the existing high occupancy vehicle lanes to accommodate two-tolled express lanes in the median in each direction. The 91 Project also involves constructing one new general-purpose lane in each direction from SR-71 to I-15, ultimately providing two-tolled express lanes and five general purpose lanes in each direction. 91 Project development activities began in September 2007, construction work related to roadway and structures began in July 2014, and the toll lanes opened in March 2017. The total cost of the 91 Project is estimated at $1.4 billion, including capitalized interest, debt service reserves, contingency, and cost of issuance. The FY 2021/22 budget amount is $16,247,300. $421,150 ($1,621,799) The under run of the FY 2021/22 budget at the second quarter is due to an accrual reversal for the Army Corps of Engineers Reach 9 project ($1.7 million) and an accrual reversal for plant establishment costs from the design builder not yet offset by actual invoices ($0.3 million). 91 Express Lanes (P009103 & P009104) These projects provide repair and rehabilitation of SR-91 general purpose and express lanes, as well as the implementation of a new back-office system. The FY2021/22 budget amount is $17,459,700. 838,350 (745,512) The under run of the FY 2021/22 budget at the second quarter is due to accrual reversals that have yet to be offset by actual invoices for toll services ($0.8 million) and remedial work / geotechnical investigations ($0.7 million). SR-91 Corridor Operations Project (P623046) The project will add one additional general-purpose lane to westbound SR- 91 between Green River Road and the on-ramp to southbound SR-241. Included in the project is 9 to 10 feet of outside widening at some locations and restriping in others. The FY 2021/22 budget amount is $17,144,900. 6,964,450 7,013,472 The over run of the FY 2021/22 budget at the second quarter is minimal for construction management ($0.05 million). ATTACHMENT 1 29 RIVERSIDE COUNTY TRANSPORTATION COMMISSION QUARTERLY PROJECT STATUS 2nd QUARTER FOR SIX MONTHS ENDED 12/31/2021 Project Description FY 2021/22 through 2nd Quarter Budget Expenditures through 2nd Quarter Actuals Project Status I-15 Express Lanes project (P003027) The project will generally add two tolled express lanes in each direction from SR-60 to Cajalco Road in Corona. Project development activities began in April 2008, and lanes are expected to open to traffic in Spring 2021. The total project cost is estimated at $472 million, which includes $42 million of contingency. The FY 2021/22 budget amount is $17,429,900. 4,367,000 5,665,850 The over run of the FY 2021/22 budget at the second quarter is mostly due to higher than planned project construction manager charges ($1.2 million) due to the delayed completion of the project. 15/91 Express Lanes Connector (P003039) The 15/91 Express Lane Connector (ELC) project constructs an express lanes median direct connector from southbound I-15 to westbound SR-91 and from eastbound SR-91 to northbound I-15 in the city of Corona. The project also adds tolled express lanes in each direction of I-15 from the 15/91 ELC to Hidden Valley Parkway; adds a tolled express lane in each direction of SR-91 from east of Lincoln Avenue to the 15/91 ELC; extends the tolled express lane along eastbound SR-91 from I-15 to west of Promenade Avenue; and extends an eastbound auxiliary lane along SR-91 from west of I-15 to west of Promenade Avenue. The project also includes the addition of a toll collection system infrastructure along I-15 and SR-91. The estimated project cost is $270 million and the project is partially funded by state funds allocated under Senate Bill (SB) 132 legislation. The connector is expected to open to traffic in 2023. The FY 2021/22 budget amount is $92,627,200. 23,406,750 17,824,355 The under run of the FY 2021/22 budget at the second quarter is due to invoices not yet received by the contractor ($5.0 million) and the project construction manager ($0.6 million). I-15 Express Lanes Southern Extension (P003044) The project will add express lanes between SR-74 and Cajalco Road. The estimated project cost is $544 million with the Project Approval and Environmental Document (PA/ED) phase of work funded by federal Congestion Mitigation and Air Quality (CMAQ) funds and Measure A. The FY 2021/22 budget amount is $7,661,900. 1,855,950 564,797 The under run of the FY 2021/22 budget at the second quarter is due to under runs in the preliminary engineering and environmental document contract ($1.3 million). 30 RIVERSIDE COUNTY TRANSPORTATION COMMISSION QUARTERLY PROJECT STATUS 2nd QUARTER FOR SIX MONTHS ENDED 12/31/2021 Project Description FY 2021/22 through 2nd Quarter Budget Expenditures through 2nd Quarter Actuals Project Status Mid County Parkway (MCP) (P002302, P612302, P002320, & P002317) The environmental document for a new corridor from I-215 to SR-79 was approved in April 2015. The first design package is under construction. Construction of this new facility will be completed over many years as funding becomes available; the total project cost is estimated at $1.3 to $2.1 billion. The FY 2021/22 budget amount is $33,375,000. 13,367,500 10,682,736 The under run of the FY 2021/22 budget at the second quarter is primarily due to the following for each project: • MCP: Under run in right of way acquisition due to a budgeted payment to the city of Perris Placentia Avenue widening project that did not yet occur, partially offset by a payment for the Coronado Stone relocation ($0.7 million). • MCP Placentia: under run due to lower than anticipated construction and construction support activities in December 2021 ($1.7 million). • MCP Mitigation: The first year of plant establishment was completed at the beginning of the third quarter in FY 2020/21 and the minimal under run in the second quarter of FY 2021/22 was due to mitigation property monitoring ($0.07 million). Pachappa Underpass project (P003038) The project will remove the Pachappa shoofly structure and associated retaining walls and construct a retaining wall, drainage, and track bed for the permanent Pachappa underpass. Track relocation will be performed by Union Pacific Railroad (UPRR). The project construction cost is estimated at $16 million. The FY 2021/22 budget amount is $6,381,400. 3,403,200 1,780,536 The project achieved substantial completion in the first quarter of FY 2021/22, and the under run at the second quarter is due to construction including unused contingency ($0.9 million) as well as construction management and construction support services costing less than anticipated ($0.6 million). SR-60 Truck Lanes (P003029) The project will construct eastbound climbing and westbound descending truck lanes from Gilman Springs Road to west of Jack Rabbit trail and upgrade existing shoulders to standard widths. The estimated project cost is $138 million and the project is funded by CMAQ, State Transportation Improvement Program/Regional Improvement Program, State Highway Operation and Protection Program, and 2009 Measure A highway funds. The FY 2021/22 budget amount is $45,625,800. 22,953,900 20,811,397 The under run of the FY 2021/22 budget at the second quarter is due to construction that is scheduled to complete by the end of FY 2021/22 ($1.5 million) and accrual reversals that have yet to be offset by actual invoices for construction support services ($0.5 million). 31 RIVERSIDE COUNTY TRANSPORTATION COMMISSION QUARTERLY PROJECT STATUS 2nd QUARTER FOR SIX MONTHS ENDED 12/31/2021 Project Description FY 2021/22 through 2nd Quarter Budget Expenditures through 2nd Quarter Actuals Project Status 71/91 Connector Project (P003021) The project includes ROW acquisition, utility relocation, and environmental revalidation work for improvements to the 71/91 connector. The estimated project cost is $118 million. The FY 2021/22 budget amount is $9,097,100. 1,343,325 1,044,684 The under run of the FY 2021/22 budget at the first quarter is due to invoices not yet received for final design and construction management (0.3 million). I-15/Railroad Canyon Interchange (P005104) The project is to relieve congestion by improving traffic operations through improvements of the Railroad Canyon Road interchange and correction of the merging/diverging freeway and ramp movements. The estimated project cost is $51 million and the project is funded by TUMF Regional Arterial, SB-1 LPP-C, STIP/RIP, and city of Lake Elsinore contribution. The FY 2021/22 budget amount is $13,543,600. 6,059,700 5,379,460 The under run of the FY 2021/22 budget at the second quarter is due to an under run in construction, construction management, and construction support services ($0.5 million). Construction is scheduled to complete by the end of FY 2021/22. Moreno Valley-March Field station upgrade (P004026) The project will remove and replace approximately 2.5 miles of existing rail and wood ties with new rail and concrete ties, remove / replace / regrade track ballast, improve track drainage, install new track signals and Positive Train Control system, connect to existing signals and communication systems, build a new second passenger loading platform, extend the existing passenger loading platform to current Metrolink station standards, and perform other improvements necessary to bring the tracks into compliance with Metrolink standards. The FY 2021/22 budget amount is $10,303,900. 249,450 169,948 The minimal under run of the FY 2021/22 budget at the first quarter is due to delayed invoices from STV on final design and environmental ($0.09 million). This list discusses the significant capital projects (i.e., total budgeted costs in excess of $5 million) and related status. Capital project expenditures are generally affected by lags in invoices submitted by contractors and consultants, as well as issues encountered during certain phases of the projects. The capital projects budgets tend to be based on aggressive project schedules. 32 Revenues Sales tax 338,909,100$ 139,193,458$ 199,715,642$ 41% Federal reimbursements 107,438,700 20,745,229 86,693,471 19% State reimbursements 210,931,000 42,022,323 168,908,677 20% Local reimbursements 21,657,800 5,610,264 16,047,536 26% Transportation Uniform Mitigation Fee 11,000,000 11,014,782 (14,782)100% Toll revenues 61,275,000 44,282,988 16,992,012 72% Toll violations processing and fee revenues 3,848,700 5,541,181 (1,692,481)144% Other revenues 657,300 356,386 300,914 54% Investment income 910,100 980,887 (70,787)108% Total revenues 756,627,700 269,747,498 486,880,202 36% Expenditures/Expenses Salaries and benefits 16,213,200 6,637,223 9,575,977 41% Professional and support Professional services 19,617,800 3,892,158 15,725,642 20% Support costs 16,654,400 4,816,530 11,837,870 29% Total Professional and support costs 36,272,200 8,708,688 27,563,512 24% Projects and operations Program operations 42,067,600 10,733,177 31,334,423 26% Engineering 29,062,300 1,854,837 27,207,463 6% Construction 259,503,600 47,150,063 212,353,537 18% Design Build 96,159,000 19,159,659 76,999,341 20% Right of way/land 79,467,200 1,854,312 77,612,888 2% Operating and capital disbursements 154,985,400 51,502,348 103,483,052 33% Special studies 2,020,000 17,618 2,002,382 1% Local streets and roads 75,897,300 26,394,669 49,502,631 35% Regional arterials 34,284,000 3,866,726 30,417,274 11% Total projects and operations 773,446,400 162,533,409 610,912,991 21% Debt service Principal 555,986,600 - 555,986,600 N/A Interest 60,335,600 36,068,493 24,267,107 60% Cost of issuance 2,883,400 3,782,980 (899,580) 131% Payment to escrow agent 147,488,000 - 147,488,000 N/A Total debt service 766,693,600 39,851,473 726,842,127 5% Capital outlay 8,096,700 1,517,335 6,579,365 19% Depreciation - 10,514,975 (10,514,975) N/A Total Expenditures/Expenses 1,600,722,100 229,763,103 1,370,958,997 14% Excess revenues over (under) expenditures/expenses (844,094,400) 39,984,395 (884,078,795) -5% Other financing sources/(uses) Transfer in 198,692,000 52,868,520 145,823,480 27% Transfer out (198,692,000) (52,868,520) (145,823,480)27% Debt proceeds 638,300,000 - 638,300,000 N/A TIFIA loan proceeds 6,919,000 - 6,919,000 N/A Bond premium 39,978,000 - 39,978,000 N/A Total financing sources/(uses)685,197,000 - 685,197,000 N/A Net change in fund balances (158,897,400) 39,984,395 198,881,795 -25% Fund balance July 1, 2021 1,016,288,600 914,526,700 (101,761,900) 90% Fund balance December 31, 2021 857,391,200$ 954,511,095$ 97,119,895$ 111% RIVERSIDE COUNTY TRANSPORTATION COMMISSION QUARTERLY BUDGET TO ACTUAL FY 2021/22 BUDGET 2ND QUARTER ACTUAL PERCENT UTILIZATION REMAINING BALANCE FOR SIX MONTHS ENDED 12/31/2021 2ND QUARTER ATTACHMENT 2 33 STATE OF GOOD REPAIR OTHER AGENCY PROJECTS REGIONAL CONSERVATION SB132 Revenues Sales tax -$ -$ 69,851,679$ 17,008,698$ 417,611$ 45,499,645$ 5,023,486$ 1,392,339$ -$ -$ -$ -$ -$ Federal reimbursements 2,608,622 - 16,730,541 - - - - - - - - - - State reimbursements 1,080,251 1,893,026 13,135,900 - - - - 556,432 1,857,614 - - - 23,499,100 Local reimbursements (200,000) (508,662) 4,616,386 - - 7 - - - - 142,525 1,520,965 - Transportation Uniform Mitigation Fee - - - - - - - - 11,014,782 - - - - Toll revenues - - - - - - - - - - - - - Toll violations processing and fee revenue - - - - - - - - - - - - - Other revenues 323 - 296,876 - - - - - 10,500 - - - - Investment income 20,737 7,009 193,509 31,611 - 115,011 42,024 8,183 37,550 1,903 428 208 10,720 Total revenues 3,509,933 1,391,373 104,824,891 17,040,309 417,611 45,614,663 5,065,510 1,956,954 12,920,446 1,903 142,953 1,521,173 23,509,820 Expenditures/Expenses Salaries and benefits 3,208,423 62,769 1,377,589 - - - - - 104,094 19,622 13,650 1,172,561 98,774 Professional and support Professional services 1,328,833 127,370 1,023,984 3,715 - - 7,429 610 21,234 339,523 1,928 50,884 49,123 Support costs 1,515,529 51,499 1,245,943 - - - - - 2,498 - 2,598 1,325 2,112 Total Professional and support costs 2,844,362 178,869 2,269,927 3,715 - - 7,429 610 23,732 339,523 4,526 52,209 51,235 Projects and operations Program operations - 1,510,446 4,008,970 - - - - - 154,073 1,415 39,047 - 280,963 Engineering - - 1,553,404 - - - - - 140,619 - 177,147 - (16,333) Construction - - 39,886,546 - - - - - 5,160,811 - - - 2,525,033 Design Build - - 3,024,167 - - - - - - - - - 15,806,470 Right of way/land - - (326,774) - - - - - 1,283,416 - - 123,309 774,361 Operating and capital disbursements 981,820 - 2,816,089 2,333,333 - 43,784,760 1,014,057 572,289 - - - - - Special studies 17,618 - - - - - - - - - - - - Local streets and roads - - 20,098,014 5,885,544 411,111 - - - - - - - - Regional arterials - - - 3,866,726 - - - - - - - - - Total projects and operations 999,438 1,510,446 71,060,416 12,085,603 411,111 43,784,760 1,014,057 572,289 6,738,919 1,415 216,194 123,309 19,370,494 Debt service Principal - - - - - - - - - - - - - Interest - - - - - - - - - - - - - Cost of issuance - - - - - - - - - - - - - Payment to escrow agent - - - - - - - - - - - - - Total debt service - - - - - - - - - - - - - Capital outlay 843,601 - 662,802 - - - - - - - - - - Depreciation - - - - - - - - - - - - - Total Expenditures/Expenses 7,895,824 1,752,084 75,370,734 12,089,318 411,111 43,784,760 1,021,486 572,899 6,866,745 360,560 234,370 1,348,079 19,520,503 Excess revenues over (under) (4,385,891) (360,711) 29,454,157 4,950,991 6,500 1,829,903 4,044,024 1,384,055 6,053,701 (358,657) (91,417) 173,094 3,989,317 Other financing sources/(uses) Transfer in 7,518,600 - 10,540,755 - - - - - - - - - - Transfer out (341,700) (114,100) (36,772,844) (240,400) (19,300) (3,258,300) (42,900) (23,500) (387,400) (24,100) - (393,800) - Debt proceeds - - - - - - - - - - - - - TIFIA loan proceeds - - - - - - - - - - - - - Bond premium - - - - - - - - - - - - - Total financing sources/(uses)7,176,900 (114,100) (26,232,089) (240,400) (19,300) (3,258,300) (42,900) (23,500) (387,400) (24,100) - (393,800) - Net change in fund balances 2,791,009 (474,811) 3,222,068 4,710,591 (12,800) (1,428,397) 4,001,124 1,360,555 5,666,301 (382,757) (91,417) (220,706) 3,989,317 Fund balance July 1, 2021 37,918,031 11,844,878 323,627,591 78,416,512 17 184,546,422 128,582,178 11,363,724 123,065,220 2,637,515 22,411 205 (143,114) Fund balance December 31, 2021 40,709,040$ 11,370,067$ 326,849,659$ 83,127,103$ (12,783)$ 183,118,025$ 132,583,302$ 12,724,279$ 128,731,521$ 2,254,758$ (69,006)$ (220,501)$ 3,846,203$ FSP/ SAFE MEASURE A SALES TAX TRANSPORTATION UNIFORM MITIGATION FEE (TUMF) GENERAL FUND WESTERN COUNTY COACHELLA VALLEY STATE TRANSIT ASSISTANCE LOCAL TRANSPORTATION FUND RIVERSIDE COUNTY TRANSPORTATION COMMISSION QUARTERLY BUDGET TO ACTUAL BY FUND 2ND QUARTER FOR SIX MONTHS ENDED 12/31/2021 TRANSPORTATION DEVELOPMENT ACT SPECIAL REVENUE FUNDS PALO VERDE VALLEY COACHELLA VALLEY RAIL 34 Revenues Sales tax Federal reimbursements State reimbursements Local reimbursements Transportation Uniform Mitigation Fee Toll revenues Toll violations processing and fee revenue Other revenues Investment income Total revenues Expenditures/Expenses Salaries and benefits Professional and support Professional services Support costs Total Professional and support costs Projects and operations Program operations Engineering Construction Design Build Right of way/land Operating and capital disbursements Special studies Local streets and roads Regional arterials Total projects and operations Debt service Principal Interest Cost of issuance Payment to escrow agent Total debt service Capital outlay Depreciation Total Expenditures/Expenses Excess revenues over (under) Other financing sources/(uses) Transfer in Transfer out Debt proceeds TIFIA loan proceeds Bond premium Total financing sources/(uses) Net change in fund balances Fund balance July 1, 2021 Fund balance December 31, 2021 15 EXPRESS LANES 91 EXPRESS LANES -$ -$ -$ -$ -$ 139,193,458$ - - - - 1,406,066 20,745,229 - - - - - 42,022,323 - 39,043 - - - 5,610,264 - - - - - 11,014,782 14,866,594 29,416,394 - - - 44,282,988 2,198,398 3,342,783 - - - 5,541,181 48,687 - - - - 356,386 (62,473) (9,377) 499,740 80,100 4,004 980,887 17,051,206 32,788,843 499,740 80,100 1,410,070 269,747,498 215,044 364,697 - - - 6,637,223 246,212 691,313 - - - 3,892,158 914,365 1,080,661 - - - 4,816,530 1,160,577 1,771,974 - - - 8,708,688 2,130,101 2,608,162 - - - 10,733,177 - - - - - 1,854,837 - (422,327) - - - 47,150,063 - 329,022 - - - 19,159,659 - - - - - 1,854,312 - - - - - 51,502,348 - - - - - 17,618 - - - - - 26,394,669 - - - - - 3,866,726 2,130,101 2,514,857 - - - 162,533,409 - - - - - - 2,373,017 13,895,832 - - 19,799,644 36,068,493 - 3,782,980 - - - 3,782,980 - - - - - - 2,373,017 17,678,812 - - 19,799,644 39,851,473 10,932 - - - - 1,517,335 5,147,932 5,367,043 - - - 10,514,975 11,037,603 27,697,383 - - 19,799,644 229,763,103 6,013,603 5,091,460 499,740 80,100 (18,389,574) 39,984,395 - 12,021 - - 34,797,144 52,868,520 (4,498,408) (767,411) - (4,578,291) (1,406,066) (52,868,520) - - - - - - - - - - - - - - - - - - (4,498,408) (755,390) - (4,578,291) 33,391,078 - 1,515,195 4,336,070 499,740 (4,498,191) 15,001,504 39,984,395 (285,462,152) 231,197,152 16,623,510 38,756,608 11,529,992 914,526,700 (283,946,957)$ 235,533,222$ 17,123,250$ 34,258,417$ 26,531,496$ 954,511,095$ COMBINED TOTALDEBT SERVICE RIVERSIDE COUNTY TRANSPORTATION COMMISSION QUARTERLY BUDGET TO ACTUAL BY FUND 2ND QUARTER FOR SIX MONTHS ENDED 12/31/2021 ENTERPRISE FUND COMMERCIAL PAPER SALES TAX BONDS CAPITAL PROJECTS FUNDS 35 AGENDA ITEM 6E Agenda Item 6E RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: March 9, 2022 TO: Riverside County Transportation Commission FROM: Budget and Implementation Committee Megan Kavand, Senior Financial Analyst Michele Cisneros, Deputy Finance Director THROUGH: Anne Mayer, Executive Director SUBJECT: Quarterly Investment Report BUDGET AND IMPLEMENTATION COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to receive and file the Quarterly Investment Report for the quarter ended December 31, 2021. BACKGROUND INFORMATION: The Commission’s quarterly investment reports have generally reflected investments primarily concentrated in the Riverside County Pooled Investment Fund as well as investments in mutual funds for sales tax revenue bonds debt service payments. As a result of significant project financings such as the State Route 91 Corridor Improvement Project (91 Project or 91 CIP) and the Interstate 15 Express Lanes Project (I-15 ELP), the Commission engaged MetLife Investment Management, LLC, formerly Logan Circle Partners, L.P. (MetLife), as the investment manager for the bond proceeds and other required funds. Additionally, the Commission engaged Payden & Rygel Investment Management (Payden & Rygel) to make specific investments for Commission operating funds. The Commission approved initial agreements with the investment managers in May 2013 following a competitive procurement and has extended the agreements through the annual recurring contracts process. MetLife invested the debt proceeds and subsequent other required contributions for the 91 Project and I-15 ELP in separate accounts of the Short-Term Actively Managed Program (STAMP). The Commission completed the 91 Project financing in 2013, the I-15 ELP and 91 Project completion financing (2017 Financing) in July 2017 and the 2021 91 Project refinancing (2021 Financing) in October 2021. Consistent with financing expectations, the Commission expended all 91 Project debt proceeds and equity contributions, except for the toll revenue bonds debt service reserve, and subsequent to commencement of operations, established other required accounts. The Commission continues to expend the 2017 Financing bond proceeds on the I-15 ELP and funded required reserve accounts. 36 Agenda Item 6E The quarterly investment report for the second quarter of FY 2021/22, as required by state law and Commission policy, reflects the investment activities resulting from the 91 Project, 2017 Financing, 2021 Financing and available operating cash. As of December 31, 2021, the Commission’s cash and investments were comprised of the following: CASH AND INVESTMENTS PORTFOLIO AMOUNTS Operating $ 691,480,752 Trust 183,110,299 Commission-managed 131,078,291 STAMP for 91 CIP 56,227,276 STAMP for 2017 Financing 47,025,137 Total $ 1,108,921,755 The quarterly investment report includes the following information: • Investment Portfolio Report; • 91 CIP STAMP Portfolio by Investment Category; • 91 CIP STAMP Portfolio by Account; • 91 CIP STAMP Portfolio Transaction Report by Account; • 2017 Financing STAMP Portfolio by Investment Category; • 2017 Financing STAMP Portfolio by Account; • 2017 Financing STAMP Portfolio Transaction Report by Account; • MetLife Short Duration Fourth Quarter 2021 Review; • Payden & Rygel Operating Portfolio by Investment Category; • Payden & Rygel Operating Portfolio Transaction Report; • Payden & Rygel Operating Portfolio Fourth Quarter 2021 Review; and • County of Riverside Investment Report for the Quarter Ended December 31, 2021. As of December 31, 2021, the Commission’s cash and investments are in compliance with both the Commission’s investment policy adopted on August 12, 2020, and permitted investments described in the indenture for the Commission’s sales tax revenue bonds and the master indentures for the Commission’s toll revenue bonds. Additionally, the Commission has adequate cash flows for the next six months. FISCAL IMPACT: This is an information item. There is no fiscal impact. Attachments: 1) Investment Portfolio Report 2) 91 CIP STAMP Portfolio by Investment Category 3) 91 CIP STAMP Portfolio by Account 4) 91 CIP STAMP Portfolio Transaction Report by Account 37 Agenda Item 6E 5) 2017 Financing STAMP Portfolio by Investment Category 6) 2017 Financing STAMP Portfolio by Account 7) 2017 Financing STAMP Portfolio Transaction Report by Account 8) Payden & Rygel Operating Portfolio by Investment Category 9) Payden & Rygel Operating Portfolio Transaction Report 10) MetLife Short Duration Quarterly Review 11) Payden & Rygel Operating Portfolio Quarterly Review 12) County of Riverside Investment Report 38 Riverside County Transportation Commission Investment Portfolio Report Period Ended: December 31, 2021 FAIR VALUE RATING MOODYS / S&P COUPON RATE PAR VALUE PURCHASE DATE MATURITY DATE YIELD TO MATURITY PURCHASE COST MARKET VALUE UNREALIZED GAIN (LOSS) OPERATING FUNDS City National Bank Deposits 10,637,247 A3/BBB+N/A N/A County Treasurer's Pooled Investment Fund 680,843,505 Aaa-bf/AAA-V1 N/A 0.31% Subtotal Operating Funds 691,480,752 FUNDS HELD IN TRUST County Treasurer's Pooled Investment Fund: Local Transportation Fund 183,110,299 Aaa-bf/AAA-V1 N/A 0.31% Subtotal Funds Held in Trust 183,110,299 COMMISSION MANAGED PORTFOLIO US Bank Payden & Rygel Operating 55,437,855 First American Government Obligation Fund 75,640,437 N/A N/A N/A Subtotal Commission Managed Portfolio 131,078,291 STAMP PORTFOLIO for 91 CIP 2013 Series A & Series B Reserve Fund 12,453,244 2021 Series B Reserve Fund 36,383,442 2021 Series C Reserve Fund 7,390,590 Subtotal STAMP Portfolio - 91 CIP 56,227,276 STAMP PORTFOLIO for 2017 Financing Sales Tax I15 ELP Project Revenue Fund 31,406,994 Ramp Up Fund 15,618,143 Subtotal STAMP Portfolio - 2017 Financing 47,025,137 TOTAL All Cash and Investments 1,108,921,755$ See attached report for details See attached report for details See attached report for details See attached report for details See attached report for details See attached report for details 3.28%2.83% 11.82% 16.51% 62.36% $- $100,000,000 $200,000,000 $300,000,000 $400,000,000 $500,000,000 $600,000,000 $700,000,000 $800,000,000 STAMP Portfolio for 91 CIP Reserve STAMP Portfolio for 91 CIP Residual Fund STAMP Portfolio for 91 CIP TIFIA Reserve Fund STAMP Portfolio for 2017 Financing I15 ELP Project Revenue Fund STAMP Portfolio for 2017 Financing Ramp Up Fund Commission Managed Portfolio Trust Funds Operating Funds Nature of Investments 6.82% Mutual Funds 78.87% County Pool/Cash 14.20% Fixed Income 0.11% Money Market Funds ATTACHMENT 1 39 Source Account Account CUSIP Asset Category Name Asset Name 1 Asset Name 2 Maturity Date Issue Date Shares/Par Book Value Call Date Market Value Unrealized Gain/Loss Coupon Yield S&P Rating Moody Rating 226122002 RCTC 2021 SER B SR BDS RES ACCT CASH Principal Cash 454.62 226122002 RCTC 2021 SER B SR BDS RES ACCT CASH Income Cash (454.62) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT CASH Income Cash (134.28) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT CASH Principal Cash 48,573.56 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV CASH Principal Cash 52,326.95 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV CASH Income Cash (48.30) 226122002 RCTC 2021 SER B SR BDS RES ACCT 02665KB30 CASH EQUIVALENTS AMERICAN HONDA FIN CORP DISC C P 02/03/2022 02/03/2022 11/04/2021 900,000.00 899,644.50 899,919.00 274.50 0.000 226122002 RCTC 2021 SER B SR BDS RES ACCT 31846V203 CASH EQUIVALENTS FIRST AMERICAN GOVERNMENT OBLIG FD CL Y 3,929,055.09 3,929,055.09 3,929,055.09 - 0.006 226122002 RCTC 2021 SER B SR BDS RES ACCT 62479MAJ2 CASH EQUIVALENTS MUFG BK LTD N Y BRH DISC COML C P 01/18/2022 01/18/2022 07/23/2021 875,000.00 874,708.33 874,973.75 265.42 0.000 226122002 RCTC 2021 SER B SR BDS RES ACCT 63616KAJ8 CASH EQUIVALENTS NAT L FUEL GAS CO C P 01/18/2022 01/18/2022 12/21/2021 250,000.00 249,919.51 249,992.50 72.99 0.000 226122002 RCTC 2021 SER B SR BDS RES ACCT 71112KA68 CASH EQUIVALENTS PEOPLES GAS LT COKE CO DISC C P 01/06/2022 01/06/2022 12/31/2021 900,000.00 899,980.50 899,991.00 10.50 0.000 226122002 RCTC 2021 SER B SR BDS RES ACCT 912796Q85 CASH EQUIVALENTS U S TREASURY BILL 01/25/2022 01/25/2022 09/28/2021 3,000,000.00 2,999,816.66 2,999,970.00 153.34 0.041 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 92780KAA6 CASH EQUIVALENTS VIRGINIA ELEC PWR CO DISC C P 01/10/2022 01/10/2022 11/23/2021 900,000.00 899,820.00 899,991.00 171.00 0.000 226122002 RCTC 2021 SER B SR BDS RES ACCT 93884FAC6 CASH EQUIVALENTS WASHINGTON GAS LT CO DISC COML C P 01/12/2022 01/12/2022 11/22/2021 900,000.00 899,758.50 899,982.00 223.50 0.000 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 60678NAJ3 CASH EQUIVALENTS MITSUBISHI HC CAP AMER INC C P 01/18/2022 01/18/2022 10/21/2021 146,000.00 145,969.18 145,995.62 26.44 0.000 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 912796K81 CASH EQUIVALENTS U S TREASURY BILL 01/20/2022 01/20/2022 07/22/2021 625,000.00 624,956.60 624,993.75 37.15 0.045 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 912796Q85 CASH EQUIVALENTS U S TREASURY BILL 01/25/2022 01/25/2022 09/28/2021 625,000.00 624,961.81 624,993.75 31.94 0.041 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 02582JHS2 CORPORATE OBLIGATIONS AMERICAN EXPRESS CREDIT ACCOUNT A B S SER 2018 3 CL A 10/15/2025 03/21/2018 500,000.00 501,328.13 501,270.00 (58.13)VAR 0.408 N/A AAA 226122002 RCTC 2021 SER B SR BDS RES ACCT 06051GGJ2 CORPORATE OBLIGATIONS BANK OF AMERICA CORP 04/24/2023 VAR 04/24/2023 04/24/2017 725,000.00 727,301.88 4/24/2022 726,689.25 (612.63)VAR 1.121 A-A2 226122002 RCTC 2021 SER B SR BDS RES ACCT 14042WAC4 CORPORATE OBLIGATIONS CAPITAL ONE PRIME AUTO A B S SER 2019 1 CL A3 11/15/2023 05/30/2019 81,786.31 82,401.24 82,389.89 (11.34)2.510 2.492 AAA AAA 226122002 RCTC 2021 SER B SR BDS RES ACCT 14316LAC7 CORPORATE OBLIGATIONS CARMAX AUTO OWNER TRUST A B S SER 2019 2 CL A3 03/15/2024 04/17/2019 323,424.68 327,126.37 326,468.11 (658.26)2.680 2.655 AAA N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 14687AAM0 CORPORATE OBLIGATIONS CARVANA AUTO REC TR A B S SER 2020 P1 CL A2 11/08/2023 12/10/2020 34,365.65 34,365.65 34,359.46 (6.19)VAR 0.280 AAA N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 172967KX8 CORPORATE OBLIGATIONS CITIGROUP INC 09/01/2023 VAR 09/01/2023 08/26/2016 500,000.00 504,058.00 9/1/2022 503,740.00 (318.00)VAR 1.538 BBB+A3 226122002 RCTC 2021 SER B SR BDS RES ACCT 38141GXW9 CORPORATE OBLIGATIONS GOLDMAN SACHS GROUP INC 03/08/2024 VAR 03/08/2024 03/08/2021 455,000.00 455,399.95 3/8/2023 454,990.90 (409.05)VAR 0.629 BBB+A2 226122002 RCTC 2021 SER B SR BDS RES ACCT 46647PCA2 CORPORATE OBLIGATIONS JPMORGAN CHASE CO 03/16/2024 VAR 03/16/2024 03/16/2021 455,000.00 456,879.15 3/16/2023 455,859.95 (1,019.20)VAR 0.628 A-A2 226122002 RCTC 2021 SER B SR BDS RES ACCT 65479HAC1 CORPORATE OBLIGATIONS NISSAN AUTO RECEIVABLE OWNER A B S SER 2019 B CL A3 11/15/2023 05/28/2019 160,849.77 162,280.46 162,163.91 (116.54)2.500 2.480 N/A AAA 226122002 RCTC 2021 SER B SR BDS RES ACCT 80285RAE8 CORPORATE OBLIGATIONS SANTANDER DRIVE AUTO TR A B S SER 2020 2 CL B 11/15/2024 07/22/2020 236,239.01 236,528.77 236,449.26 (79.51)VAR 0.959 N/A AAA 226122002 RCTC 2021 SER B SR BDS RES ACCT 842400HC0 CORPORATE OBLIGATIONS SOUTHERN CA EDISON CO 1M GLBL 2021C 24 04/01/2024 04/01/2021 450,000.00 450,958.50 4/1/2023 450,846.00 (112.50)VAR 0.897 A-A3 226122002 RCTC 2021 SER B SR BDS RES ACCT 92347YAC8 CORPORATE OBLIGATIONS VERIZON OWNER TRUST A B S SER 2019 A CL B 09/20/2023 03/13/2019 430,000.00 437,827.34 435,839.40 (1,987.94)3.020 2.980 AA+AAA 226122002 RCTC 2021 SER B SR BDS RES ACCT 98162HAC4 CORPORATE OBLIGATIONS WORLD OMNI AUTOMOBILE LEASE A B S SER 2020 A CL A3 01/15/2023 02/12/2020 180,000.00 181,518.75 181,000.80 (517.95)1.700 1.691 N/A AAA 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 02582JHS2 CORPORATE OBLIGATIONS AMERICAN EXPRESS CREDIT ACCOUNT A B S SER 2018 3 CL A 10/15/2025 03/21/2018 100,000.00 100,265.63 100,254.00 (11.63)VAR 0.408 N/A AAA 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 06051GGJ2 CORPORATE OBLIGATIONS BANK OF AMERICA CORP 04/24/2023 VAR 04/24/2023 04/24/2017 145,000.00 145,460.38 4/24/2022 145,337.85 (122.53)VAR 1.121 A-A2 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 14042WAC4 CORPORATE OBLIGATIONS CAPITAL ONE PRIME AUTO A B S SER 2019 1 CL A3 11/15/2023 05/30/2019 16,357.32 16,480.20 16,478.04 (2.15)2.510 2.492 AAA AAA 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 14316LAC7 CORPORATE OBLIGATIONS CARMAX AUTO OWNER TRUST A B S SER 2019 2 CL A3 03/15/2024 04/17/2019 66,915.45 67,681.31 67,545.12 (136.19)2.680 2.655 AAA N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 14687AAM0 CORPORATE OBLIGATIONS CARVANA AUTO REC TR A B S SER 2020 P1 CL A2 11/08/2023 12/10/2020 7,110.13 7,110.13 7,108.85 (1.28)VAR 0.280 AAA N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 172967KX8 CORPORATE OBLIGATIONS CITIGROUP INC 09/01/2023 VAR 09/01/2023 08/26/2016 100,000.00 100,811.60 9/1/2022 100,748.00 (63.60)VAR 1.538 BBB+A3 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 38141GXW9 CORPORATE OBLIGATIONS GOLDMAN SACHS GROUP INC 03/08/2024 VAR 03/08/2024 03/08/2021 90,000.00 90,079.11 3/8/2023 89,998.20 (80.91)VAR 0.629 BBB+A2 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 46647PCA2 CORPORATE OBLIGATIONS JPMORGAN CHASE CO 03/16/2024 VAR 03/16/2024 03/16/2021 90,000.00 90,371.70 3/16/2023 90,170.10 (201.60)VAR 0.628 A-A2 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 65479HAC1 CORPORATE OBLIGATIONS NISSAN AUTO RECEIVABLE OWNER A B S SER 2019 B CL A3 11/15/2023 05/28/2019 30,159.33 30,427.93 30,405.73 (22.20)2.500 2.480 N/A AAA 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 80285RAE8 CORPORATE OBLIGATIONS SANTANDER DRIVE AUTO TR A B S SER 2020 2 CL B 11/15/2024 07/22/2020 47,247.80 47,305.02 47,289.85 (15.17)VAR 0.959 N/A AAA 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 842400HC0 CORPORATE OBLIGATIONS SOUTHERN CA EDISON CO 1M GLBL 2021C 24 04/01/2024 04/01/2021 90,000.00 90,191.70 4/1/2023 90,169.20 (22.50)VAR 0.897 A-A3 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 92347YAC8 CORPORATE OBLIGATIONS VERIZON OWNER TRUST A B S SER 2019 A CL B 09/20/2023 03/13/2019 35,000.00 35,637.11 35,475.30 (161.81)3.020 2.980 AA+AAA 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 98162HAC4 CORPORATE OBLIGATIONS WORLD OMNI AUTOMOBILE LEASE A B S SER 2020 A CL A3 01/15/2023 02/12/2020 35,000.00 35,295.31 35,194.60 (100.71)1.700 1.691 N/A AAA 226122002 RCTC 2021 SER B SR BDS RES ACCT 22550UAB7 FOREIGN OBLIGATIONS CREDIT SUISSE AG NEW YORK 02/02/2024 VAR 02/02/2024 02/02/2021 455,000.00 455,728.00 453,762.40 (1,965.60)VAR 0.441 A+A1 226122002 RCTC 2021 SER B SR BDS RES ACCT 404280CZ0 FOREIGN OBLIGATIONS HSBC HLDGS PLC 11/22/2024 VAR 11/22/2024 11/22/2021 450,000.00 450,224.75 11/22/2023 450,130.50 (94.25)VAR 0.000 A-A3 226122002 RCTC 2021 SER B SR BDS RES ACCT 60687YAN9 FOREIGN OBLIGATIONS MIZUHO FINANCIAL GROUP 09/11/2022 VAR 09/11/2022 09/11/2017 450,000.00 452,286.45 452,052.00 (234.45)VAR 1.076 A-A1 226122002 RCTC 2021 SER B SR BDS RES ACCT 78015K7K4 FOREIGN OBLIGATIONS ROYAL BK OF CANADA MEDIUM TERM NOTE 10/26/2023 10/26/2020 450,000.00 451,887.75 451,485.00 (402.75)VAR 0.495 A A2 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 60687YAN9 FOREIGN OBLIGATIONS MIZUHO FINANCIAL GROUP 09/11/2022 VAR 09/11/2022 09/11/2017 200,000.00 201,016.20 200,912.00 (104.20)VAR 1.076 A-A1 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 78015K7K4 FOREIGN OBLIGATIONS ROYAL BK OF CANADA MEDIUM TERM NOTE 10/26/2023 10/26/2020 90,000.00 90,377.55 90,297.00 (80.55)VAR 0.495 A A2 226122002 RCTC 2021 SER B SR BDS RES ACCT 235241VW3 MUNICIPAL OBLIGATIONS DALLAS TX AREA RAPID TRAN SALES TAX REV TAXABLE SR LIEN REF BDS 2021 A 12/01/2022 12/01/2021 520,000.00 539,016.40 536,764.80 (2,251.60)4.000 3.875 AA+AA2 226122002 RCTC 2021 SER B SR BDS RES ACCT 346604LK5 MUNICIPAL OBLIGATIONS REF BDS 2021 0.921 02/01/2024 TAXABLE 02/01/2024 12/09/2021 410,000.00 410,000.00 410,381.30 381.30 0.921 0.920 AAA AAA 226122002 RCTC 2021 SER B SR BDS RES ACCT 575625AT5 MUNICIPAL OBLIGATIONS MASSACHUSETTS CLEAN ENERGY COOP CORP REV TAXABLE BDS 2021 07/01/2022 12/01/2021 440,000.00 440,000.00 439,929.60 (70.40)0.576 0.576 N/A A1 226122002 RCTC 2021 SER B SR BDS RES ACCT 59261AM79 MUNICIPAL OBLIGATIONS METROPOLITAN TRANSN AUTH NY REV TAXABLE GRANT ANTIC NTS 2021A 11/15/2022 12/09/2021 295,000.00 295,000.00 4/15/2022 295,250.75 250.75 0.777 0.776 SP-1+MIG1 226122002 RCTC 2021 SER B SR BDS RES ACCT 6500356Z6 MUNICIPAL OBLIGATIONS NEW YORK ST URBAN DEV CORP REV TAXABLE PERSONAL INCOME 2017 D 03/15/2022 12/21/2017 360,000.00 362,700.00 361,674.00 (1,026.00)2.550 2.538 AA+AA2 226122002 RCTC 2021 SER B SR BDS RES ACCT 67908PBA3 MUNICIPAL OBLIGATIONS OKLAHOMA ST CAPITOL IMPT AUTH REV TAXABLE REGT HIGHER ED B 2021A 07/01/2022 11/18/2021 500,000.00 500,000.00 500,130.00 130.00 0.453 0.453 AA-N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 797272RJ2 MUNICIPAL OBLIGATIONS SAN DIEGO CA CMNTY COLLEGE DIST TAXABLE GO REF BDS 2021 08/01/2022 12/28/2021 365,000.00 365,000.00 365,332.15 332.15 0.497 0.497 AAA AAA 226122002 RCTC 2021 SER B SR BDS RES ACCT 79739GPB6 MUNICIPAL OBLIGATIONS SAN DIEGO CNTY CALIF REGL ARPTAUTH ARPT REV TAXABLE SUB REF BDS 2021 CA 07/01/2023 12/08/2021 280,000.00 280,000.00 279,907.60 (92.40)0.654 0.654 N/A A2 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 235241VW3 MUNICIPAL OBLIGATIONS DALLAS TX AREA RAPID TRAN SALES TAX REV TAXABLE SR LIEN REF BDS 2021 A 12/01/2022 12/01/2021 105,000.00 108,839.85 108,385.20 (454.65)4.000 3.875 AA+AA2 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 346604LK5 MUNICIPAL OBLIGATIONS REF BDS 2021 0.921 02/01/2024 TAXABLE 02/01/2024 12/09/2021 80,000.00 80,000.00 80,074.40 74.40 0.921 0.920 AAA AAA 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 575625AT5 MUNICIPAL OBLIGATIONS MASSACHUSETTS CLEAN ENERGY COOP CORP REV TAXABLE BDS 2021 07/01/2022 12/01/2021 85,000.00 85,000.00 84,986.40 (13.60)0.576 0.576 N/A A1 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 59261AM79 MUNICIPAL OBLIGATIONS METROPOLITAN TRANSN AUTH NY REV TAXABLE GRANT ANTIC NTS 2021A 11/15/2022 12/09/2021 60,000.00 60,000.00 4/15/2022 60,051.00 51.00 0.777 0.776 SP-1+MIG1 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 6500356Z6 MUNICIPAL OBLIGATIONS NEW YORK ST URBAN DEV CORP REV TAXABLE PERSONAL INCOME 2017 D 03/15/2022 12/21/2017 70,000.00 70,525.00 70,325.50 (199.50)2.550 2.538 AA+AA2 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 67908PBA3 MUNICIPAL OBLIGATIONS OKLAHOMA ST CAPITOL IMPT AUTH REV TAXABLE REGT HIGHER ED B 2021A 07/01/2022 11/18/2021 100,000.00 100,000.00 100,026.00 26.00 0.453 0.453 AA-N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 797272RJ2 MUNICIPAL OBLIGATIONS SAN DIEGO CA CMNTY COLLEGE DIST TAXABLE GO REF BDS 2021 08/01/2022 12/28/2021 75,000.00 75,000.00 75,068.25 68.25 0.497 0.497 AAA AAA 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 79739GPB6 MUNICIPAL OBLIGATIONS SAN DIEGO CNTY CALIF REGL ARPTAUTH ARPT REV TAXABLE SUB REF BDS 2021 CA 07/01/2023 12/08/2021 55,000.00 55,000.00 54,981.85 (18.15)0.654 0.654 N/A A2 226122002 RCTC 2021 SER B SR BDS RES ACCT 3128MMT52 US TREAS & AGENCY OBLIGATIONS F H L M C GOLD PARTN CERT POOL #G18571 10/01/2030 10/01/2015 83,618.60 87,026.85 86,876.38 (150.47)2.500 2.406 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 3128MMUL5 US TREAS & AGENCY OBLIGATIONS F H L M C GOLD PARTN CERT POOL #G18586 02/01/2031 02/01/2016 80,446.78 83,261.35 83,338.84 77.49 2.500 2.413 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 31307NP40 US TREAS & AGENCY OBLIGATIONS F H L M C GOLD PARTN CERT POOL #J32243 07/01/2030 07/01/2015 151,071.50 160,322.85 158,955.92 (1,366.93)3.000 2.851 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 3132A8GL7 US TREAS & AGENCY OBLIGATIONS F H L M C PARTN CERT MIRROR POOL #ZS7403 05/01/2031 09/01/2018 64,301.50 68,049.06 67,415.62 (633.44)3.000 2.861 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 3132A9T64 US TREAS & AGENCY OBLIGATIONS F H L M C PARTN CERT MIRROR POOL #ZS8673 10/01/2032 09/01/2018 97,532.53 101,635.22 102,501.81 866.59 3.000 2.855 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 3132AEF68 US TREAS & AGENCY OBLIGATIONS F H L M C PARTN CERT POOL #ZT1989 01/01/2033 05/01/2019 118,481.88 127,311.34 125,394.11 (1,922.28)3.500 3.307 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 3132D9C93 US TREAS & AGENCY OBLIGATIONS F H L M C PARTN CERT POOL #SC0096 10/01/2040 10/01/2020 146,665.07 155,518.76 155,435.64 (83.12)3.000 2.831 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 3136ADZA0 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2013 27 CL KA 04/25/2028 03/01/2013 81,881.33 82,683.10 82,004.97 (678.43)1.250 1.248 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 3136AQZK9 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2015 89 CL KE 11/25/2031 11/01/2015 59,894.49 61,516.93 60,885.14 (631.79)2.000 1.967 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 3137AQQE1 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER 4039 CL QB 05/15/2027 05/01/2012 70,126.36 71,130.51 70,579.38 (550.64)1.500 1.490 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 3137AUPE3 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K021 CL A2 06/25/2022 11/01/2012 146,367.52 56,040.96 147,181.32 5,171.19 2.396 2.383 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 3137AXHP1 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K024 CL A2 09/25/2022 01/01/2013 91.22 92.37 92.22 (0.15)2.573 2.545 N/A AAA 226122002 RCTC 2021 SER B SR BDS RES ACCT 3137AYSH5 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER 4165 CL TE 12/15/2042 02/01/2013 118,817.33 121,289.02 119,454.19 (1,834.58)1.750 1.741 N/A N/A 91 CIP STAMP Portfolio by Investment Category for quarter ended December 31, 2021 Page 2 of 102 ATTACHMENT 2 40 Source Account Account CUSIP Asset Category Name Asset Name 1 Asset Name 2 Maturity Date Issue Date Shares/Par Book Value Call Date Market Value Unrealized Gain/Loss Coupon Yield S&P Rating Moody Rating 91 CIP STAMP Portfolio by Investment Category for quarter ended December 31, 2021 226122002 RCTC 2021 SER B SR BDS RES ACCT 3137B6DF5 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER 4272 CL YG 11/15/2026 11/01/2013 54,435.62 55,335.92 55,071.43 (264.49)2.000 1.977 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 3137B9RN7 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER 4328 CL EA 12/15/2027 04/01/2014 73,644.37 74,858.47 75,202.68 340.99 2.500 2.448 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 3137BLUR7 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K720 CL A2 06/25/2022 11/01/2015 366,630.54 369,466.20 368,394.03 (1,072.17)2.716 2.703 N/A AAA 226122002 RCTC 2021 SER B SR BDS RES ACCT 3137BVZ74 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K063 CL A1 08/25/2026 03/01/2017 3,721.88 3,932.58 3,879.02 (53.56)3.045 2.922 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 3137FBAB2 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER KIR3 CL A1 08/25/2027 10/01/2017 120,000.00 130,387.24 125,864.40 (4,522.84)3.038 2.648 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 3137FBAJ5 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER KIR3 CL A2 08/25/2027 10/01/2017 200,000.00 210,479.94 217,528.00 7,048.06 3.281 3.243 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 3137FMD66 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER KJ24 CL A1 05/25/2026 06/01/2019 41,485.60 43,216.05 42,393.30 (822.75)2.283 2.234 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 3137FNAD2 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K095 CL A1 11/25/2028 08/01/2019 130,028.85 132,025.64 136,675.92 4,650.28 2.631 2.735 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 3137FPJF3 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K099 CL A1 06/25/2029 10/01/2019 177,286.65 177,942.65 183,950.86 6,008.21 2.258 2.176 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 3137FQ3Y7 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K101 CL A1 07/25/2029 11/01/2019 177,911.58 177,962.77 184,152.72 6,189.95 2.190 2.427 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 3137FWHY9 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER 2020 P003 CL A1 09/25/2030 09/01/2020 185,624.84 184,696.71 177,011.85 (7,684.86)0.826 0.866 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 3138LFGP7 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #AN2905 10/01/2028 10/01/2016 269,465.00 276,861.56 282,819.69 5,958.13 2.550 2.430 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 3140J6FU6 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #BM1978 10/01/2032 10/01/2017 71,748.05 75,705.68 76,169.88 464.20 3.000 2.826 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 3140X4H90 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT UMBS POOL #FM1155 06/01/2032 06/01/2019 114,545.77 120,049.47 118,639.64 (1,409.83)2.500 2.414 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 3140X7LS6 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #FM3936 08/01/2035 07/01/2020 104,412.75 109,278.53 107,917.89 (1,360.64)2.500 2.419 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 31417YKF3 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #MA0293 01/01/2030 12/01/2009 66,195.07 34,281.89 70,873.74 37,137.92 4.500 4.203 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 31418DQ47 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT UMBS POOL #MA4074 06/01/2035 06/01/2020 159,686.79 164,753.44 163,631.05 (1,133.70)2.000 1.952 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 31418DVU3 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT UMBS POOL #MA4226 12/01/2030 12/01/2020 137,231.06 142,448.74 140,620.67 (1,828.07)2.000 1.952 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 31418DXH0 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT UMBS POOL #MA4279 03/01/2036 02/01/2021 151,791.84 156,850.07 155,541.10 (1,308.97)2.000 1.952 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 36176XE21 US TREAS & AGENCY OBLIGATIONS G N M A PASS THRU CERT POOL #778953 03/15/2027 03/01/2012 101,292.16 104,347.73 105,732.81 1,385.08 3.000 2.874 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 36179MU32 US TREAS & AGENCY OBLIGATIONS G N M A I I PASS THRU CERT POOL #MA0602 12/20/2027 12/01/2012 60,373.17 62,498.75 63,089.96 591.21 3.000 2.871 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 36179NAH1 US TREAS & AGENCY OBLIGATIONS G N M A I I PASS THRU CERT POOL #MA0908 04/20/2028 04/01/2013 97,405.53 100,753.98 100,691.99 (61.99)2.500 2.418 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 36179NHK7 US TREAS & AGENCY OBLIGATIONS G N M A I I PARTN CERT POOL #MA1134 07/20/2028 07/01/2013 106,938.43 109,846.99 111,763.49 1,916.50 3.000 2.870 226122002 RCTC 2021 SER B SR BDS RES ACCT 36179RHM4 US TREAS & AGENCY OBLIGATIONS G N M A I I PARTN CERT POOL #MA2936 07/20/2030 07/01/2015 56,084.75 58,641.77 59,293.92 652.15 3.500 3.311 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 36179TF83 US TREAS & AGENCY OBLIGATIONS G N M A I I PARTN CERT POOL #MA4691 09/20/2032 09/01/2017 54,052.80 56,804.06 57,141.92 337.86 3.500 3.311 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 38376V2E6 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2010 19 CL UA 07/16/2039 02/01/2010 61,559.98 64,387.88 63,888.79 (499.09)4.000 3.854 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 38376WA62 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2010 15 CL PD 10/20/2039 02/01/2010 80,108.26 67,247.80 83,685.89 16,791.31 4.000 3.829 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 38378FRB8 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2013 5 CL JE 07/20/2042 01/01/2013 107,293.89 105,718.03 108,593.22 2,875.19 2.000 1.976 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 38378XP62 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2014 166 CL PL 05/16/2055 11/01/2014 116,351.59 117,567.17 117,795.51 228.34 VAR 2.469 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 912828XB1 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 2.125 05/15/2025 05/15/2025 05/15/2015 1,250,000.00 1,275,067.37 1,293,900.00 20,208.26 2.125 2.053 N/A AAA 226122002 RCTC 2021 SER B SR BDS RES ACCT 91282CCG4 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 0.250 06/15/2024 06/15/2024 06/15/2021 525,000.00 522,662.11 517,266.75 (5,395.36)0.250 0.254 N/A AAA 226122002 RCTC 2021 SER B SR BDS RES ACCT 91282CCQ2 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 07/31/2023 VAR 07/31/2023 07/31/2021 5,550,000.00 5,550,224.88 5,550,832.50 607.62 0.000 N/A AAA 226122002 RCTC 2021 SER B SR BDS RES ACCT 91282CDE8 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 10/31/2023 VAR 10/31/2023 11/01/2021 3,000,000.00 3,000,668.19 3,000,570.00 (98.19)0.000 N/A AAA 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 31307NP40 US TREAS & AGENCY OBLIGATIONS F H L M C GOLD PARTN CERT POOL #J32243 07/01/2030 07/01/2015 177,189.34 188,040.11 186,436.85 (1,603.26)3.000 2.851 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3132A8GL7 US TREAS & AGENCY OBLIGATIONS F H L M C PARTN CERT MIRROR POOL #ZS7403 05/01/2031 09/01/2018 80,376.88 85,061.35 84,269.53 (791.82)3.000 2.861 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3132A9T64 US TREAS & AGENCY OBLIGATIONS F H L M C PARTN CERT MIRROR POOL #ZS8673 10/01/2032 09/01/2018 105,035.03 109,453.31 110,386.56 933.25 3.000 2.855 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3132D9C93 US TREAS & AGENCY OBLIGATIONS F H L M C PARTN CERT POOL #SC0096 10/01/2040 10/01/2020 170,448.60 180,738.05 180,641.43 (96.62)3.000 2.831 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3136A8SX9 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2012 102 CL BJ 09/25/2027 08/01/2012 38,072.60 38,643.06 38,467.41 (175.65)1.500 1.485 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3136ABNZ2 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2012 148 CL MC 11/25/2042 12/01/2012 44,261.75 45,025.17 45,070.85 45.68 2.000 1.964 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3136ADFF1 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2013 36 CL KC 04/25/2023 03/01/2013 21,089.77 20,786.60 21,140.60 354.00 1.500 1.496 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3136AEY84 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2013 70 CL DG 07/25/2028 06/01/2013 43,215.97 43,927.80 43,719.00 (208.80)1.750 1.730 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3136AHAE0 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2013 M14 CL APT 04/25/2023 11/01/2013 25,748.03 25,845.70 25,938.05 92.35 VAR 2.463 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3136AQZK9 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2015 89 CL KE 11/25/2031 11/01/2015 70,675.50 72,590.00 71,844.47 (745.53)2.000 1.967 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3137AQQE1 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER 4039 CL QB 05/15/2027 05/01/2012 81,198.94 82,361.65 81,723.49 (637.58)1.500 1.490 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3137AYSH5 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER 4165 CL TE 12/15/2042 02/01/2013 139,041.53 141,914.93 139,786.79 (2,128.29)1.750 1.741 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3137B3NW4 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K031 CL A1 09/25/2022 08/01/2013 14,006.27 14,134.47 14,111.32 (23.15)2.778 2.757 N/A AAA 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3137B5A60 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER 4257 CL EK 10/15/2028 10/01/2013 8,099.36 8,143.50 8,296.50 153.00 2.500 2.441 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3137B6DF5 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER 4272 CL YG 11/15/2026 11/01/2013 68,044.52 67,337.50 68,839.28 1,501.78 2.000 1.977 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3137B7YX1 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K037 CL A1 04/25/2023 03/01/2014 6,134.11 6,235.05 6,211.22 (23.83)2.592 2.560 AAA N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3137B9RN7 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER 4328 CL EA 12/15/2027 04/01/2014 86,579.34 88,005.86 88,411.36 401.79 2.500 2.448 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3137BLAC2 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K048 CL A2 06/25/2025 09/01/2015 150,000.00 158,296.50 159,319.50 1,023.00 VAR 3.092 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3137BP4K2 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER KIR1 CL A2 03/25/2026 05/01/2016 200,000.00 208,911.36 210,426.00 1,514.64 2.849 2.708 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3137BVZ74 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K063 CL A1 08/25/2026 03/01/2017 4,342.20 4,588.02 4,525.53 (62.49)3.045 2.922 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3137F4CY6 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER KBX1 CL A1 09/25/2024 03/01/2018 190,000.00 195,023.65 198,057.90 3,034.25 2.920 0.507 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3137FBAB2 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER KIR3 CL A1 08/25/2027 10/01/2017 130,000.00 141,252.84 136,353.10 (4,899.74)3.038 2.648 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3137FBAJ5 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER KIR3 CL A2 08/25/2027 10/01/2017 200,000.00 210,479.94 217,528.00 7,048.06 3.281 3.243 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3137FMD66 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER KJ24 CL A1 05/25/2026 06/01/2019 41,485.60 43,216.05 42,393.30 (822.75)2.283 2.234 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3137FNAD2 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K095 CL A1 11/25/2028 08/01/2019 144,476.50 146,695.12 151,862.14 5,167.02 2.631 2.735 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3137FPJF3 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K099 CL A1 06/25/2029 10/01/2019 191,661.22 192,370.36 198,865.77 6,495.41 2.258 2.176 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3137FPJP1 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER KC05 CL ASB 07/25/2029 11/01/2019 93,937.40 98,546.82 96,094.20 (2,452.62)2.230 2.166 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3137FQ3Y7 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K101 CL A1 07/25/2029 11/01/2019 192,336.83 192,392.13 199,084.01 6,691.88 2.190 2.427 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3137FWHY9 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER 2020 P003 CL A1 09/25/2030 09/01/2020 185,624.84 184,696.71 177,011.85 (7,684.86)0.826 0.866 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3138EJPZ5 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #AL2239 07/01/2022 08/01/2012 10,965.33 11,016.45 10,964.56 (51.89)3.023 3.370 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3138LFGP7 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #AN2905 10/01/2028 10/01/2016 48,993.64 50,338.47 51,421.76 1,083.30 2.550 2.430 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3140J6FU6 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #BM1978 10/01/2032 10/01/2017 78,922.86 83,276.25 83,786.88 510.63 3.000 2.826 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3140JAU97 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #BM6007 06/01/2049 05/31/2019 29,354.44 30,464.60 29,537.02 (927.58)VAR 2.580 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 31417YKF3 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #MA0293 01/01/2030 12/01/2009 37,679.78 40,027.62 40,342.99 327.48 4.500 4.203 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 31418DQ47 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT UMBS POOL #MA4074 06/01/2035 06/01/2020 27,108.19 27,965.46 27,777.76 (123.62)2.000 1.952 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 31418DVU3 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT UMBS POOL #MA4226 12/01/2030 12/01/2020 156,835.51 162,798.60 160,709.35 (2,089.25)2.000 1.952 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 31418DXH0 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT UMBS POOL #MA4279 03/01/2036 02/01/2021 173,476.39 179,257.22 177,761.26 (1,495.96)2.000 1.952 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 36176XE21 US TREAS & AGENCY OBLIGATIONS G N M A PASS THRU CERT POOL #778953 03/15/2027 03/01/2012 110,155.22 113,478.16 114,984.42 1,506.26 3.000 2.874 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 36176XQB8 US TREAS & AGENCY OBLIGATIONS G N M A PARTN CERT POOL #779250 05/15/2027 05/01/2012 36,329.94 37,653.50 37,923.73 270.23 3.000 2.874 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 36179MU32 US TREAS & AGENCY OBLIGATIONS G N M A I I PASS THRU CERT POOL #MA0602 12/20/2027 12/01/2012 65,404.27 67,707.00 68,347.46 640.46 3.000 2.871 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 36179NAJ7 US TREAS & AGENCY OBLIGATIONS G N M A I I PASS THRU CERT POOL #MA0909 04/20/2028 04/01/2013 24,864.51 25,791.29 25,743.22 (48.07)3.000 2.898 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 36179NHK7 US TREAS & AGENCY OBLIGATIONS G N M A I I PARTN CERT POOL #MA1134 07/20/2028 07/01/2013 71,292.27 74,406.79 74,508.98 102.19 3.000 2.870 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 36179RHM4 US TREAS & AGENCY OBLIGATIONS G N M A I I PARTN CERT POOL #MA2936 07/20/2030 07/01/2015 65,432.20 68,415.41 69,176.23 760.82 3.500 3.311 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 36179TF83 US TREAS & AGENCY OBLIGATIONS G N M A I I PARTN CERT POOL #MA4691 09/20/2032 09/01/2017 60,809.40 63,904.57 64,284.66 380.09 3.500 3.311 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 36202F3H7 US TREAS & AGENCY OBLIGATIONS G N M A I I PASS THRU CERT POOL #005300 02/20/2027 02/01/2012 54,194.46 56,065.39 56,625.62 560.23 3.000 2.871 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 36297GCD0 US TREAS & AGENCY OBLIGATIONS G N M A PASS THRU CERT POOL #711168 02/15/2025 02/01/2010 39,836.65 40,398.90 41,730.88 1,331.98 4.500 4.296 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 38376TTT9 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2010 6 CL AB 11/20/2039 01/01/2010 19,841.23 20,155.20 20,540.43 385.23 3.000 2.898 N/A N/A Page 3 of 10241 Source Account Account CUSIP Asset Category Name Asset Name 1 Asset Name 2 Maturity Date Issue Date Shares/Par Book Value Call Date Market Value Unrealized Gain/Loss Coupon Yield S&P Rating Moody Rating 91 CIP STAMP Portfolio by Investment Category for quarter ended December 31, 2021 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 38376V2E6 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2010 19 CL UA 07/16/2039 02/01/2010 56,247.67 57,681.80 58,375.52 693.72 4.000 3.854 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 38376WA62 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2010 15 CL PD 10/20/2039 02/01/2010 44,545.84 46,005.81 46,535.26 529.45 4.000 3.829 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 38377LFC7 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2010 116 CL NE 12/20/2039 09/01/2010 10,713.54 10,810.59 10,747.39 (63.20)2.500 2.492 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 38377QKH9 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2011 18 CL PG 08/20/2040 02/01/2011 13,419.15 13,571.90 13,628.35 56.45 3.000 2.954 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 38377RVK8 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2010 166 CL GP 04/20/2039 12/01/2010 41,753.32 42,569.50 42,370.02 (199.48)3.000 2.956 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 38377YTL4 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2011 136 CL GA 05/20/2040 10/01/2011 42,456.59 41,939.15 42,649.34 710.19 2.000 1.991 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 38378AU90 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2011 158 CL CA 10/20/2026 12/01/2011 42,490.67 43,160.81 43,148.00 (12.81)3.000 2.954 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 38378FRB8 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2013 5 CL JE 07/20/2042 01/01/2013 113,254.68 111,591.25 114,626.19 3,034.94 2.000 1.976 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 38378HAU0 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2012 96 CL AD 08/20/2027 08/01/2012 50,873.93 51,558.46 51,174.59 (383.86)1.500 1.491 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 38378JZD7 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2013 47 CL EC 12/20/2040 03/01/2013 18,050.61 17,824.97 18,160.72 335.75 1.500 1.491 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 38378TAF7 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2013 71 CL GA 07/20/2041 05/01/2013 59,141.02 59,208.32 60,345.72 1,137.40 2.500 2.450 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 91282CCQ2 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 07/31/2023 VAR 07/31/2023 07/31/2021 350,000.00 350,078.46 350,052.50 (25.96)VAR 0.000 N/A AAA 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 91282CDE8 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 10/31/2023 VAR 10/31/2023 11/01/2021 400,000.00 400,089.09 400,076.00 (13.09)VAR 0.000 N/A AAA 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3130AFFX0 US TREAS & AGENCY OBLIGATIONS FEDERAL HOME LOAN BKS 3.250 11/16/2028 11/16/2028 11/16/2018 185,000.00 205,766.25 206,672.75 906.50 3.250 2.909 AA+AAA 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3132A85Y1 US TREAS & AGENCY OBLIGATIONS F H L M C PARTN CERT POOL #ZS8063 09/01/2032 09/01/2018 160,937.59 167,511.99 167,045.17 (466.82)2.500 2.409 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3132AEFC5 US TREAS & AGENCY OBLIGATIONS F H L M C PARTN CERT UMBS POOL #ZT1963 11/01/2030 05/01/2019 318,469.08 336,016.48 335,233.29 (783.19)3.500 3.325 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3132AEFK7 US TREAS & AGENCY OBLIGATIONS F H L M C PARTN CERT POOL #ZT1970 04/01/2033 05/01/2019 61,676.96 65,996.45 65,603.32 (393.13)3.500 3.291 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3134GWND4 US TREAS & AGENCY OBLIGATIONS F H L M C M T N 0.600 08/12/2025 08/12/2025 08/12/2020 300,000.00 299,580.00 295,260.00 (4,320.00)0.600 0.610 N/A AAA 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3136A72D3 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2012 M9 CL A2 04/25/2022 08/01/2012 41,246.98 0.11 41,350.92 41,350.81 2.482 2.476 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3136A8SX9 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2012 102 CL BJ 09/25/2027 08/01/2012 32,880.88 33,336.82 33,221.85 (114.97)1.500 1.485 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3136ABNZ2 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2012 148 CL MC 11/25/2042 12/01/2012 37,142.73 37,759.69 37,821.70 62.01 2.000 1.964 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3136AC7J4 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2013 M6 CL 2A 03/25/2023 04/01/2013 29,764.23 29,436.53 30,297.61 844.58 VAR 2.499 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3136ADFF1 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2013 36 CL KC 04/25/2023 03/01/2013 19,918.09 19,631.77 19,966.09 334.32 1.500 1.496 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3136AEY84 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2013 70 CL DG 07/25/2028 06/01/2013 37,322.88 37,896.42 37,757.32 (139.10)1.750 1.730 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3136AHAE0 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2013 M14 CL APT 04/25/2023 11/01/2013 21,527.06 21,629.31 21,685.93 56.62 VAR 2.463 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3137AWQG3 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K023 CL A1 04/25/2022 12/01/2012 15,774.21 15,803.22 15,795.98 (7.24)1.583 1.581 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3137B1BS0 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K026 CL A2 11/25/2022 05/01/2013 360,000.00 363,360.94 364,903.20 1,542.26 2.510 2.476 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3137B1U75 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K S01 CL A2 01/25/2023 05/07/2013 301,049.95 307,432.09 303,777.46 (3,654.63)2.522 3.195 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3137B1UG5 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K027 CL A2 01/25/2023 05/01/2013 240,000.00 250,336.72 243,897.60 (6,439.12)2.637 2.595 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3137B3NW4 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K031 CL A1 09/25/2022 08/01/2013 10,470.82 10,546.71 10,549.35 2.64 2.778 2.757 N/A AAA 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3137B5A60 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER 4257 CL EK 10/15/2028 10/01/2013 8,870.70 8,770.93 9,086.61 315.68 2.500 2.441 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3137BJQ71 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER KPLB CL A 05/25/2025 06/01/2015 175,000.00 188,024.41 183,153.25 (4,871.16)2.770 2.647 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3137BLAC2 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K048 CL A2 06/25/2025 09/01/2015 37,000.00 40,815.63 39,298.81 (1,516.82)VAR 3.092 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3137BLW87 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K050 CL A1 01/25/2025 11/01/2015 172,375.72 179,282.04 177,584.91 (1,697.13)2.802 2.720 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3137BYPQ7 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K726 CL A2 04/25/2024 06/01/2017 206,049.50 215,950.58 213,341.59 (2,608.99)2.905 0.427 AAA N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3137F4CY6 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER KBX1 CL A1 09/25/2024 03/01/2018 40,000.00 42,250.00 41,696.40 (553.60)2.920 0.507 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3137FYUR5 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER Q 015 CL A 08/26/2024 05/07/2021 172,335.82 172,379.32 172,430.60 51.28 VAR 0.242 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3138EJPZ5 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #AL2239 07/01/2022 08/01/2012 9,746.97 9,810.42 9,746.29 (64.13)3.023 3.370 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3138EKXL4 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #AL3382 03/01/2023 03/01/2013 153,805.74 153,771.21 154,993.12 1,218.76 2.355 2.312 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3138ENQD4 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #AL5851 10/01/2029 09/01/2014 21,807.13 23,102.39 23,226.99 124.60 3.500 3.286 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3138EQRJ3 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #AL7688 11/01/2030 11/01/2015 47,184.23 49,985.13 49,978.01 (7.12)3.500 3.304 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3138ETQP4 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #AL8561 06/01/2031 05/01/2016 68,151.52 72,702.83 72,939.16 236.33 3.500 3.270 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3138WEMJ5 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #AS4860 05/01/2030 04/01/2015 73,662.38 76,681.20 76,644.97 (36.23)2.500 2.403 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3140J8ME0 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT UMBS POOL #BM3956 12/01/2032 05/01/2018 52,198.92 55,143.27 54,949.80 (193.46)3.000 2.850 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3140JAU97 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #BM6007 06/01/2049 05/31/2019 26,908.23 27,918.60 27,075.60 (843.00)VAR 2.580 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3140X9VK8 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #FM6017 02/01/2035 02/01/2021 159,041.82 168,792.04 166,513.60 (2,278.44)3.000 2.865 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 31418CDH4 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #MA2803 11/01/2031 10/01/2016 166,252.50 173,572.09 172,066.35 (1,505.74)2.500 2.416 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 31418DYF3 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT UMBS POOL #MA4309 03/01/2031 03/01/2021 226,787.28 233,975.88 232,388.93 (1,589.24)2.000 1.952 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 36176XQB8 US TREAS & AGENCY OBLIGATIONS G N M A PARTN CERT POOL #779250 05/15/2027 05/01/2012 31,485.95 32,557.42 32,867.24 309.82 3.000 2.874 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 36179MEK2 US TREAS & AGENCY OBLIGATIONS G N M A I I PARTN CERT POOL #MA0138 06/20/2027 06/01/2012 56,583.07 57,352.56 58,486.52 1,133.96 2.500 2.419 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 36179MU24 US TREAS & AGENCY OBLIGATIONS G N M A I I PASS THRU CERT POOL #MA0601 12/20/2027 12/01/2012 33,385.08 34,238.70 34,510.16 271.46 2.500 2.418 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 36179MZV5 US TREAS & AGENCY OBLIGATIONS G N M A I I PASS THRU CERT POOL #MA0756 02/20/2028 02/01/2013 45,780.99 46,964.14 47,324.72 360.58 2.500 2.418 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 36179NAJ7 US TREAS & AGENCY OBLIGATIONS G N M A I I PASS THRU CERT POOL #MA0909 04/20/2028 04/01/2013 22,999.66 23,803.96 23,812.47 8.51 3.000 2.898 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 36179NKP2 US TREAS & AGENCY OBLIGATIONS G N M A II PARTN CERT POOL #MA1202 08/20/2028 08/01/2013 72,919.33 75,001.15 75,382.54 377.72 2.500 2.418 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 36202F2H8 US TREAS & AGENCY OBLIGATIONS G N M A I I PASS THRU CERT POOL #005276 01/20/2027 01/01/2012 71,574.46 72,398.31 74,783.14 2,385.51 3.000 2.871 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 36202F3H7 US TREAS & AGENCY OBLIGATIONS G N M A I I PASS THRU CERT POOL #005300 02/20/2027 02/01/2012 37,574.82 38,645.93 39,260.43 614.50 3.000 2.871 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 38375XCM4 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2008 47 CL PC 11/16/2037 06/01/2008 4,168.75 4,236.92 4,180.59 (56.33)5.000 4.986 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 38376T5Z1 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2010 4 CL PD 01/16/2039 01/01/2010 44,912.22 11,943.75 46,245.66 34,324.87 3.000 2.913 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 38376TTT9 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2010 6 CL AB 11/20/2039 01/01/2010 18,253.95 18,532.34 18,897.22 364.88 3.000 2.898 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 38377LFC7 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2010 116 CL NE 12/20/2039 09/01/2010 9,158.36 9,238.27 9,187.30 (50.97)2.500 2.492 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 38377QKH9 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2011 18 CL PG 08/20/2040 02/01/2011 12,437.25 12,573.84 12,631.15 57.31 3.000 2.954 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 38377RVK8 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2010 166 CL GP 04/20/2039 12/01/2010 33,782.12 16,705.84 34,281.08 17,575.27 3.000 2.956 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 38377YTL4 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2011 136 CL GA 05/20/2040 10/01/2011 10,783.99 10,896.99 10,832.95 (64.04)2.000 1.991 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 38378AU90 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2011 158 CL CA 10/20/2026 12/01/2011 39,076.24 39,644.41 39,680.75 36.34 3.000 2.954 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 38378HAU0 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2012 96 CL AD 08/20/2027 08/01/2012 42,814.71 43,349.90 43,067.74 (282.15)1.500 1.491 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 38378JZD7 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2013 47 CL EC 12/20/2040 03/01/2013 16,988.80 16,776.43 17,092.43 316.00 1.500 1.491 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 38378KRS0 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2013 78 CL AG 07/16/2043 05/01/2013 73,091.39 70,567.46 73,633.00 3,065.54 2.388 2.371 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 38378KSL4 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2013 74 CL AL 12/16/2046 05/01/2013 425,000.00 193,422.88 428,752.75 235,329.87 VAR 2.554 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 38378KXW4 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2013 105 CL A 02/16/2037 07/01/2013 48,546.09 0.33 48,754.84 48,754.51 1.705 1.698 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 38378TAF7 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2013 71 CL GA 07/20/2041 05/01/2013 54,591.65 0.21 55,703.68 55,703.47 2.500 2.450 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 38378VC45 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2013 116 CL MA 12/16/2041 08/01/2013 58,822.45 56,699.33 59,948.90 3,249.57 2.250 2.208 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 38379KDN5 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2015 29 CL AD 09/16/2055 02/01/2015 41,331.89 40,276.01 42,607.81 2,331.80 VAR 2.414 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 38380AZ34 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2016 147 CL DA 04/20/2046 10/01/2016 55,579.48 56,112.36 57,023.99 911.63 3.000 2.924 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 9128285W6 US TREAS & AGENCY OBLIGATIONS U S TREASURY INFLATION PROTECTED SECURITY 01/15/2029 01/15/2019 136,887.50 143,859.44 158,285.75 12,106.48 0.875 0.734 N/A AAA 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 912828G38 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 2.250 11/15/2024 11/15/2024 11/17/2014 760,000.00 770,127.32 787,907.20 17,779.88 2.250 2.170 N/A AAA 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 912828J43 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 1.750 02/28/2022 02/28/2022 03/02/2015 445,000.00 450,006.25 446,165.90 (3,840.35)1.750 1.745 N/A AAA 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 912828ZF0 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 0.500 03/31/2025 03/31/2025 03/31/2020 365,000.00 362,889.84 358,941.00 (3,948.84)0.500 0.508 N/A AAA 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 91282CAE1 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 0.625 08/15/2030 08/15/2030 08/15/2020 90,000.00 87,148.83 83,932.20 (3,216.63)0.625 0.670 N/A AAA 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 91282CAM3 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 0.250 09/30/2025 09/30/2025 09/30/2020 970,000.00 957,882.03 939,309.20 (18,572.83)0.250 0.258 N/A AAA 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 91282CAP6 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 0.125 10/15/2023 10/15/2023 10/15/2020 375,000.00 374,077.15 371,250.00 (2,827.15)0.125 0.126 N/A AAA Page 4 of 10242 Source Account Account CUSIP Asset Category Name Asset Name 1 Asset Name 2 Maturity Date Issue Date Shares/Par Book Value Call Date Market Value Unrealized Gain/Loss Coupon Yield S&P Rating Moody Rating 91 CIP STAMP Portfolio by Investment Category for quarter ended December 31, 2021 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 91282CBA8 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 0.125 12/15/2023 12/15/2023 12/15/2020 180,000.00 179,444.53 177,933.60 (1,510.93)0.125 0.126 N/A AAA 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 91282CCQ2 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 07/31/2023 VAR 07/31/2023 07/31/2021 2,330,000.00 2,330,229.43 2,330,349.50 120.07 VAR 0.000 N/A AAA 55,530,630.86 56,227,275.78 509,964.81 Page 5 of 10243 Source Account Account CUSIP Asset Category Name Asset Name 1 Asset Name 2 Maturity Date Issue Date Shares/Par Book Value Call Date Market Value Unrealized Gain/Loss Coupon Yield S&P Rating Moody Rating 226122002 RCTC 2021 SER B SR BDS RES ACCT CASH Principal Cash 454.62 226122002 RCTC 2021 SER B SR BDS RES ACCT CASH Income Cash (454.62) 226122002 RCTC 2021 SER B SR BDS RES ACCT 02665KB30 CASH EQUIVALENTS AMERICAN HONDA FIN CORP DISC C P 02/03/2022 02/03/2022 11/04/2021 900,000.00 899,644.50 899,919.00 274.50 0.000 226122002 RCTC 2021 SER B SR BDS RES ACCT 31846V203 CASH EQUIVALENTS FIRST AMERICAN GOVERNMENT OBLIG FD CL Y 3,929,055.09 3,929,055.09 3,929,055.09 - 0.006 226122002 RCTC 2021 SER B SR BDS RES ACCT 62479MAJ2 CASH EQUIVALENTS MUFG BK LTD N Y BRH DISC COML C P 01/18/2022 01/18/2022 07/23/2021 875,000.00 874,708.33 874,973.75 265.42 0.000 226122002 RCTC 2021 SER B SR BDS RES ACCT 63616KAJ8 CASH EQUIVALENTS NAT L FUEL GAS CO C P 01/18/2022 01/18/2022 12/21/2021 250,000.00 249,919.51 249,992.50 72.99 0.000 226122002 RCTC 2021 SER B SR BDS RES ACCT 71112KA68 CASH EQUIVALENTS PEOPLES GAS LT COKE CO DISC C P 01/06/2022 01/06/2022 12/31/2021 900,000.00 899,980.50 899,991.00 10.50 0.000 226122002 RCTC 2021 SER B SR BDS RES ACCT 912796Q85 CASH EQUIVALENTS U S TREASURY BILL 01/25/2022 01/25/2022 09/28/2021 3,000,000.00 2,999,816.66 2,999,970.00 153.34 0.041 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 92780KAA6 CASH EQUIVALENTS VIRGINIA ELEC PWR CO DISC C P 01/10/2022 01/10/2022 11/23/2021 900,000.00 899,820.00 899,991.00 171.00 0.000 226122002 RCTC 2021 SER B SR BDS RES ACCT 93884FAC6 CASH EQUIVALENTS WASHINGTON GAS LT CO DISC COML C P 01/12/2022 01/12/2022 11/22/2021 900,000.00 899,758.50 899,982.00 223.50 0.000 226122002 RCTC 2021 SER B SR BDS RES ACCT 02582JHS2 CORPORATE OBLIGATIONS AMERICAN EXPRESS CREDIT ACCOUNT A B S SER 2018 3 CL A 10/15/2025 03/21/2018 500,000.00 501,328.13 501,270.00 (58.13)VAR 0.408 N/A AAA 226122002 RCTC 2021 SER B SR BDS RES ACCT 06051GGJ2 CORPORATE OBLIGATIONS BANK OF AMERICA CORP 04/24/2023 VAR 04/24/2023 04/24/2017 725,000.00 727,301.88 4/24/2022 726,689.25 (612.63)VAR 1.121 A-A2 226122002 RCTC 2021 SER B SR BDS RES ACCT 14042WAC4 CORPORATE OBLIGATIONS CAPITAL ONE PRIME AUTO A B S SER 2019 1 CL A3 11/15/2023 05/30/2019 81,786.31 82,401.24 82,389.89 (11.34)2.510 2.492 AAA AAA 226122002 RCTC 2021 SER B SR BDS RES ACCT 14316LAC7 CORPORATE OBLIGATIONS CARMAX AUTO OWNER TRUST A B S SER 2019 2 CL A3 03/15/2024 04/17/2019 323,424.68 327,126.37 326,468.11 (658.26)2.680 2.655 AAA N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 14687AAM0 CORPORATE OBLIGATIONS CARVANA AUTO REC TR A B S SER 2020 P1 CL A2 11/08/2023 12/10/2020 34,365.65 34,365.65 34,359.46 (6.19)VAR 0.280 AAA N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 172967KX8 CORPORATE OBLIGATIONS CITIGROUP INC 09/01/2023 VAR 09/01/2023 08/26/2016 500,000.00 504,058.00 9/1/2022 503,740.00 (318.00)VAR 1.538 BBB+A3 226122002 RCTC 2021 SER B SR BDS RES ACCT 38141GXW9 CORPORATE OBLIGATIONS GOLDMAN SACHS GROUP INC 03/08/2024 VAR 03/08/2024 03/08/2021 455,000.00 455,399.95 3/8/2023 454,990.90 (409.05)VAR 0.629 BBB+A2 226122002 RCTC 2021 SER B SR BDS RES ACCT 46647PCA2 CORPORATE OBLIGATIONS JPMORGAN CHASE CO 03/16/2024 VAR 03/16/2024 03/16/2021 455,000.00 456,879.15 3/16/2023 455,859.95 (1,019.20)VAR 0.628 A-A2 226122002 RCTC 2021 SER B SR BDS RES ACCT 65479HAC1 CORPORATE OBLIGATIONS NISSAN AUTO RECEIVABLE OWNER A B S SER 2019 B CL A3 11/15/2023 05/28/2019 160,849.77 162,280.46 162,163.91 (116.54)2.500 2.480 N/A AAA 226122002 RCTC 2021 SER B SR BDS RES ACCT 80285RAE8 CORPORATE OBLIGATIONS SANTANDER DRIVE AUTO TR A B S SER 2020 2 CL B 11/15/2024 07/22/2020 236,239.01 236,528.77 236,449.26 (79.51)VAR 0.959 N/A AAA 226122002 RCTC 2021 SER B SR BDS RES ACCT 842400HC0 CORPORATE OBLIGATIONS SOUTHERN CA EDISON CO 1M GLBL 2021C 24 04/01/2024 04/01/2021 450,000.00 450,958.50 4/1/2023 450,846.00 (112.50)VAR 0.897 A-A3 226122002 RCTC 2021 SER B SR BDS RES ACCT 92347YAC8 CORPORATE OBLIGATIONS VERIZON OWNER TRUST A B S SER 2019 A CL B 09/20/2023 03/13/2019 430,000.00 437,827.34 435,839.40 (1,987.94)3.020 2.980 AA+AAA 226122002 RCTC 2021 SER B SR BDS RES ACCT 98162HAC4 CORPORATE OBLIGATIONS WORLD OMNI AUTOMOBILE LEASE A B S SER 2020 A CL A3 01/15/2023 02/12/2020 180,000.00 181,518.75 181,000.80 (517.95)1.700 1.691 N/A AAA 226122002 RCTC 2021 SER B SR BDS RES ACCT 22550UAB7 FOREIGN OBLIGATIONS CREDIT SUISSE AG NEW YORK 02/02/2024 VAR 02/02/2024 02/02/2021 455,000.00 455,728.00 453,762.40 (1,965.60)VAR 0.441 A+A1 226122002 RCTC 2021 SER B SR BDS RES ACCT 404280CZ0 FOREIGN OBLIGATIONS HSBC HLDGS PLC 11/22/2024 VAR 11/22/2024 11/22/2021 450,000.00 450,224.75 11/22/2023 450,130.50 (94.25)VAR 0.000 A-A3 226122002 RCTC 2021 SER B SR BDS RES ACCT 60687YAN9 FOREIGN OBLIGATIONS MIZUHO FINANCIAL GROUP 09/11/2022 VAR 09/11/2022 09/11/2017 450,000.00 452,286.45 452,052.00 (234.45)VAR 1.076 A-A1 226122002 RCTC 2021 SER B SR BDS RES ACCT 78015K7K4 FOREIGN OBLIGATIONS ROYAL BK OF CANADA MEDIUM TERM NOTE 10/26/2023 10/26/2020 450,000.00 451,887.75 451,485.00 (402.75)VAR 0.495 A A2 226122002 RCTC 2021 SER B SR BDS RES ACCT 235241VW3 MUNICIPAL OBLIGATIONS DALLAS TX AREA RAPID TRAN SALES TAX REV TAXABLE SR LIEN REF BDS 2021 A 12/01/2022 12/01/2021 520,000.00 539,016.40 536,764.80 (2,251.60)4.000 3.875 AA+AA2 226122002 RCTC 2021 SER B SR BDS RES ACCT 346604LK5 MUNICIPAL OBLIGATIONS REF BDS 2021 0.921 02/01/2024 TAXABLE 02/01/2024 12/09/2021 410,000.00 410,000.00 410,381.30 381.30 0.921 0.920 AAA AAA 226122002 RCTC 2021 SER B SR BDS RES ACCT 575625AT5 MUNICIPAL OBLIGATIONS MASSACHUSETTS CLEAN ENERGY COOP CORP REV TAXABLE BDS 2021 07/01/2022 12/01/2021 440,000.00 440,000.00 439,929.60 (70.40)0.576 0.576 N/A A1 226122002 RCTC 2021 SER B SR BDS RES ACCT 59261AM79 MUNICIPAL OBLIGATIONS METROPOLITAN TRANSN AUTH NY REV TAXABLE GRANT ANTIC NTS 2021A 11/15/2022 12/09/2021 295,000.00 295,000.00 4/15/2022 295,250.75 250.75 0.777 0.776 SP-1+MIG1 226122002 RCTC 2021 SER B SR BDS RES ACCT 6500356Z6 MUNICIPAL OBLIGATIONS NEW YORK ST URBAN DEV CORP REV TAXABLE PERSONAL INCOME 2017 D 03/15/2022 12/21/2017 360,000.00 362,700.00 361,674.00 (1,026.00)2.550 2.538 AA+AA2 226122002 RCTC 2021 SER B SR BDS RES ACCT 67908PBA3 MUNICIPAL OBLIGATIONS OKLAHOMA ST CAPITOL IMPT AUTH REV TAXABLE REGT HIGHER ED B 2021A 07/01/2022 11/18/2021 500,000.00 500,000.00 500,130.00 130.00 0.453 0.453 AA-N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 797272RJ2 MUNICIPAL OBLIGATIONS SAN DIEGO CA CMNTY COLLEGE DIST TAXABLE GO REF BDS 2021 08/01/2022 12/28/2021 365,000.00 365,000.00 365,332.15 332.15 0.497 0.497 AAA AAA 226122002 RCTC 2021 SER B SR BDS RES ACCT 79739GPB6 MUNICIPAL OBLIGATIONS SAN DIEGO CNTY CALIF REGL ARPTAUTH ARPT REV TAXABLE SUB REF BDS 2021 CA 07/01/2023 12/08/2021 280,000.00 280,000.00 279,907.60 (92.40)0.654 0.654 N/A A2 226122002 RCTC 2021 SER B SR BDS RES ACCT 3128MMT52 US TREAS & AGENCY OBLIGATIONS F H L M C GOLD PARTN CERT POOL #G18571 10/01/2030 10/01/2015 83,618.60 87,026.85 86,876.38 (150.47)2.500 2.406 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 3128MMUL5 US TREAS & AGENCY OBLIGATIONS F H L M C GOLD PARTN CERT POOL #G18586 02/01/2031 02/01/2016 80,446.78 83,261.35 83,338.84 77.49 2.500 2.413 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 31307NP40 US TREAS & AGENCY OBLIGATIONS F H L M C GOLD PARTN CERT POOL #J32243 07/01/2030 07/01/2015 151,071.50 160,322.85 158,955.92 (1,366.93)3.000 2.851 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 3132A8GL7 US TREAS & AGENCY OBLIGATIONS F H L M C PARTN CERT MIRROR POOL #ZS7403 05/01/2031 09/01/2018 64,301.50 68,049.06 67,415.62 (633.44)3.000 2.861 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 3132A9T64 US TREAS & AGENCY OBLIGATIONS F H L M C PARTN CERT MIRROR POOL #ZS8673 10/01/2032 09/01/2018 97,532.53 101,635.22 102,501.81 866.59 3.000 2.855 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 3132AEF68 US TREAS & AGENCY OBLIGATIONS F H L M C PARTN CERT POOL #ZT1989 01/01/2033 05/01/2019 118,481.88 127,311.34 125,394.11 (1,922.28)3.500 3.307 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 3132D9C93 US TREAS & AGENCY OBLIGATIONS F H L M C PARTN CERT POOL #SC0096 10/01/2040 10/01/2020 146,665.07 155,518.76 155,435.64 (83.12)3.000 2.831 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 3136ADZA0 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2013 27 CL KA 04/25/2028 03/01/2013 81,881.33 82,683.10 82,004.97 (678.43)1.250 1.248 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 3136AQZK9 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2015 89 CL KE 11/25/2031 11/01/2015 59,894.49 61,516.93 60,885.14 (631.79)2.000 1.967 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 3137AQQE1 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER 4039 CL QB 05/15/2027 05/01/2012 70,126.36 71,130.51 70,579.38 (550.64)1.500 1.490 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 3137AUPE3 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K021 CL A2 06/25/2022 11/01/2012 146,367.52 56,040.96 147,181.32 5,171.19 2.396 2.383 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 3137AXHP1 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K024 CL A2 09/25/2022 01/01/2013 91.22 92.37 92.22 (0.15)2.573 2.545 N/A AAA 226122002 RCTC 2021 SER B SR BDS RES ACCT 3137AYSH5 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER 4165 CL TE 12/15/2042 02/01/2013 118,817.33 121,289.02 119,454.19 (1,834.58)1.750 1.741 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 3137B6DF5 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER 4272 CL YG 11/15/2026 11/01/2013 54,435.62 55,335.92 55,071.43 (264.49)2.000 1.977 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 3137B9RN7 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER 4328 CL EA 12/15/2027 04/01/2014 73,644.37 74,858.47 75,202.68 340.99 2.500 2.448 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 3137BLUR7 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K720 CL A2 06/25/2022 11/01/2015 366,630.54 369,466.20 368,394.03 (1,072.17)2.716 2.703 N/A AAA 226122002 RCTC 2021 SER B SR BDS RES ACCT 3137BVZ74 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K063 CL A1 08/25/2026 03/01/2017 3,721.88 3,932.58 3,879.02 (53.56)3.045 2.922 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 3137FBAB2 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER KIR3 CL A1 08/25/2027 10/01/2017 120,000.00 130,387.24 125,864.40 (4,522.84)3.038 2.648 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 3137FBAJ5 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER KIR3 CL A2 08/25/2027 10/01/2017 200,000.00 210,479.94 217,528.00 7,048.06 3.281 3.243 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 3137FMD66 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER KJ24 CL A1 05/25/2026 06/01/2019 41,485.60 43,216.05 42,393.30 (822.75)2.283 2.234 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 3137FNAD2 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K095 CL A1 11/25/2028 08/01/2019 130,028.85 132,025.64 136,675.92 4,650.28 2.631 2.735 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 3137FPJF3 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K099 CL A1 06/25/2029 10/01/2019 177,286.65 177,942.65 183,950.86 6,008.21 2.258 2.176 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 3137FQ3Y7 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K101 CL A1 07/25/2029 11/01/2019 177,911.58 177,962.77 184,152.72 6,189.95 2.190 2.427 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 3137FWHY9 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER 2020 P003 CL A1 09/25/2030 09/01/2020 185,624.84 184,696.71 177,011.85 (7,684.86)0.826 0.866 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 3138LFGP7 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #AN2905 10/01/2028 10/01/2016 269,465.00 276,861.56 282,819.69 5,958.13 2.550 2.430 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 3140J6FU6 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #BM1978 10/01/2032 10/01/2017 71,748.05 75,705.68 76,169.88 464.20 3.000 2.826 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 3140X4H90 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT UMBS POOL #FM1155 06/01/2032 06/01/2019 114,545.77 120,049.47 118,639.64 (1,409.83)2.500 2.414 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 3140X7LS6 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #FM3936 08/01/2035 07/01/2020 104,412.75 109,278.53 107,917.89 (1,360.64)2.500 2.419 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 31417YKF3 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #MA0293 01/01/2030 12/01/2009 66,195.07 34,281.89 70,873.74 37,137.92 4.500 4.203 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 31418DQ47 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT UMBS POOL #MA4074 06/01/2035 06/01/2020 159,686.79 164,753.44 163,631.05 (1,133.70)2.000 1.952 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 31418DVU3 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT UMBS POOL #MA4226 12/01/2030 12/01/2020 137,231.06 142,448.74 140,620.67 (1,828.07)2.000 1.952 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 31418DXH0 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT UMBS POOL #MA4279 03/01/2036 02/01/2021 151,791.84 156,850.07 155,541.10 (1,308.97)2.000 1.952 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 36176XE21 US TREAS & AGENCY OBLIGATIONS G N M A PASS THRU CERT POOL #778953 03/15/2027 03/01/2012 101,292.16 104,347.73 105,732.81 1,385.08 3.000 2.874 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 36179MU32 US TREAS & AGENCY OBLIGATIONS G N M A I I PASS THRU CERT POOL #MA0602 12/20/2027 12/01/2012 60,373.17 62,498.75 63,089.96 591.21 3.000 2.871 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 36179NAH1 US TREAS & AGENCY OBLIGATIONS G N M A I I PASS THRU CERT POOL #MA0908 04/20/2028 04/01/2013 97,405.53 100,753.98 100,691.99 (61.99)2.500 2.418 N/A N/A 91 CIP STAMP Portfolio by Account for quarter ended December 31, 2021 Page 6 of 102 ATTACHMENT 3 44 Source Account Account CUSIP Asset Category Name Asset Name 1 Asset Name 2 Maturity Date Issue Date Shares/Par Book Value Call Date Market Value Unrealized Gain/Loss Coupon Yield S&P Rating Moody Rating 91 CIP STAMP Portfolio by Account for quarter ended December 31, 2021 226122002 RCTC 2021 SER B SR BDS RES ACCT 36179NHK7 US TREAS & AGENCY OBLIGATIONS G N M A I I PARTN CERT POOL #MA1134 07/20/2028 07/01/2013 106,938.43 109,846.99 111,763.49 1,916.50 3.000 2.870 226122002 RCTC 2021 SER B SR BDS RES ACCT 36179RHM4 US TREAS & AGENCY OBLIGATIONS G N M A I I PARTN CERT POOL #MA2936 07/20/2030 07/01/2015 56,084.75 58,641.77 59,293.92 652.15 3.500 3.311 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 36179TF83 US TREAS & AGENCY OBLIGATIONS G N M A I I PARTN CERT POOL #MA4691 09/20/2032 09/01/2017 54,052.80 56,804.06 57,141.92 337.86 3.500 3.311 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 38376V2E6 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2010 19 CL UA 07/16/2039 02/01/2010 61,559.98 64,387.88 63,888.79 (499.09)4.000 3.854 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 38376WA62 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2010 15 CL PD 10/20/2039 02/01/2010 80,108.26 67,247.80 83,685.89 16,791.31 4.000 3.829 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 38378FRB8 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2013 5 CL JE 07/20/2042 01/01/2013 107,293.89 105,718.03 108,593.22 2,875.19 2.000 1.976 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 38378XP62 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2014 166 CL PL 05/16/2055 11/01/2014 116,351.59 117,567.17 117,795.51 228.34 VAR 2.469 N/A N/A 226122002 RCTC 2021 SER B SR BDS RES ACCT 912828XB1 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 2.125 05/15/2025 05/15/2025 05/15/2015 1,250,000.00 1,275,067.37 1,293,900.00 20,208.26 2.125 2.053 N/A AAA 226122002 RCTC 2021 SER B SR BDS RES ACCT 91282CCG4 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 0.250 06/15/2024 06/15/2024 06/15/2021 525,000.00 522,662.11 517,266.75 (5,395.36)0.250 0.254 N/A AAA 226122002 RCTC 2021 SER B SR BDS RES ACCT 91282CCQ2 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 07/31/2023 VAR 07/31/2023 07/31/2021 5,550,000.00 5,550,224.88 5,550,832.50 607.62 VAR 0.000 N/A AAA 226122002 RCTC 2021 SER B SR BDS RES ACCT 91282CDE8 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 10/31/2023 VAR 10/31/2023 11/01/2021 3,000,000.00 3,000,668.19 3,000,570.00 (98.19)VAR 0.000 N/A AAA 36,225,369.21 36,383,441.53 74,358.95 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT CASH Income Cash (134.28) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT CASH Principal Cash 48,573.56 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 60678NAJ3 CASH EQUIVALENTS MITSUBISHI HC CAP AMER INC C P 01/18/2022 01/18/2022 10/21/2021 146,000.00 145,969.18 145,995.62 26.44 0.000 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 02582JHS2 CORPORATE OBLIGATIONS AMERICAN EXPRESS CREDIT ACCOUNT A B S SER 2018 3 CL A 10/15/2025 03/21/2018 100,000.00 100,265.63 100,254.00 (11.63)VAR 0.408 N/A AAA 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 06051GGJ2 CORPORATE OBLIGATIONS BANK OF AMERICA CORP 04/24/2023 VAR 04/24/2023 04/24/2017 145,000.00 145,460.38 4/24/2022 145,337.85 (122.53)VAR 1.121 A-A2 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 14042WAC4 CORPORATE OBLIGATIONS CAPITAL ONE PRIME AUTO A B S SER 2019 1 CL A3 11/15/2023 05/30/2019 16,357.32 16,480.20 16,478.04 (2.15)2.510 2.492 AAA AAA 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 14316LAC7 CORPORATE OBLIGATIONS CARMAX AUTO OWNER TRUST A B S SER 2019 2 CL A3 03/15/2024 04/17/2019 66,915.45 67,681.31 67,545.12 (136.19)2.680 2.655 AAA N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 14687AAM0 CORPORATE OBLIGATIONS CARVANA AUTO REC TR A B S SER 2020 P1 CL A2 11/08/2023 12/10/2020 7,110.13 7,110.13 7,108.85 (1.28)VAR 0.280 AAA N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 172967KX8 CORPORATE OBLIGATIONS CITIGROUP INC 09/01/2023 VAR 09/01/2023 08/26/2016 100,000.00 100,811.60 9/1/2022 100,748.00 (63.60)VAR 1.538 BBB+A3 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 38141GXW9 CORPORATE OBLIGATIONS GOLDMAN SACHS GROUP INC 03/08/2024 VAR 03/08/2024 03/08/2021 90,000.00 90,079.11 3/8/2023 89,998.20 (80.91)VAR 0.629 BBB+A2 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 46647PCA2 CORPORATE OBLIGATIONS JPMORGAN CHASE CO 03/16/2024 VAR 03/16/2024 03/16/2021 90,000.00 90,371.70 3/16/2023 90,170.10 (201.60)VAR 0.628 A-A2 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 65479HAC1 CORPORATE OBLIGATIONS NISSAN AUTO RECEIVABLE OWNER A B S SER 2019 B CL A3 11/15/2023 05/28/2019 30,159.33 30,427.93 30,405.73 (22.20)2.500 2.480 N/A AAA 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 80285RAE8 CORPORATE OBLIGATIONS SANTANDER DRIVE AUTO TR A B S SER 2020 2 CL B 11/15/2024 07/22/2020 47,247.80 47,305.02 47,289.85 (15.17)VAR 0.959 N/A AAA 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 842400HC0 CORPORATE OBLIGATIONS SOUTHERN CA EDISON CO 1M GLBL 2021C 24 04/01/2024 04/01/2021 90,000.00 90,191.70 4/1/2023 90,169.20 (22.50)VAR 0.897 A-A3 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 92347YAC8 CORPORATE OBLIGATIONS VERIZON OWNER TRUST A B S SER 2019 A CL B 09/20/2023 03/13/2019 35,000.00 35,637.11 35,475.30 (161.81)3.020 2.980 AA+AAA 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 98162HAC4 CORPORATE OBLIGATIONS WORLD OMNI AUTOMOBILE LEASE A B S SER 2020 A CL A3 01/15/2023 02/12/2020 35,000.00 35,295.31 35,194.60 (100.71)1.700 1.691 N/A AAA 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 60687YAN9 FOREIGN OBLIGATIONS MIZUHO FINANCIAL GROUP 09/11/2022 VAR 09/11/2022 09/11/2017 200,000.00 201,016.20 200,912.00 (104.20)VAR 1.076 A-A1 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 78015K7K4 FOREIGN OBLIGATIONS ROYAL BK OF CANADA MEDIUM TERM NOTE 10/26/2023 10/26/2020 90,000.00 90,377.55 90,297.00 (80.55)VAR 0.495 A A2 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 235241VW3 MUNICIPAL OBLIGATIONS DALLAS TX AREA RAPID TRAN SALES TAX REV TAXABLE SR LIEN REF BDS 2021 A 12/01/2022 12/01/2021 105,000.00 108,839.85 108,385.20 (454.65)4.000 3.875 AA+AA2 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 346604LK5 MUNICIPAL OBLIGATIONS REF BDS 2021 0.921 02/01/2024 TAXABLE 02/01/2024 12/09/2021 80,000.00 80,000.00 80,074.40 74.40 0.921 0.920 AAA AAA 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 575625AT5 MUNICIPAL OBLIGATIONS MASSACHUSETTS CLEAN ENERGY COOP CORP REV TAXABLE BDS 2021 07/01/2022 12/01/2021 85,000.00 85,000.00 84,986.40 (13.60)0.576 0.576 N/A A1 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 59261AM79 MUNICIPAL OBLIGATIONS METROPOLITAN TRANSN AUTH NY REV TAXABLE GRANT ANTIC NTS 2021A 11/15/2022 12/09/2021 60,000.00 60,000.00 4/15/2022 60,051.00 51.00 0.777 0.776 SP-1+MIG1 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 6500356Z6 MUNICIPAL OBLIGATIONS NEW YORK ST URBAN DEV CORP REV TAXABLE PERSONAL INCOME 2017 D 03/15/2022 12/21/2017 70,000.00 70,525.00 70,325.50 (199.50)2.550 2.538 AA+AA2 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 67908PBA3 MUNICIPAL OBLIGATIONS OKLAHOMA ST CAPITOL IMPT AUTH REV TAXABLE REGT HIGHER ED B 2021A 07/01/2022 11/18/2021 100,000.00 100,000.00 100,026.00 26.00 0.453 0.453 AA-N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 797272RJ2 MUNICIPAL OBLIGATIONS SAN DIEGO CA CMNTY COLLEGE DIST TAXABLE GO REF BDS 2021 08/01/2022 12/28/2021 75,000.00 75,000.00 75,068.25 68.25 0.497 0.497 AAA AAA 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 79739GPB6 MUNICIPAL OBLIGATIONS SAN DIEGO CNTY CALIF REGL ARPTAUTH ARPT REV TAXABLE SUB REF BDS 2021 CA 07/01/2023 12/08/2021 55,000.00 55,000.00 54,981.85 (18.15)0.654 0.654 N/A A2 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 31307NP40 US TREAS & AGENCY OBLIGATIONS F H L M C GOLD PARTN CERT POOL #J32243 07/01/2030 07/01/2015 177,189.34 188,040.11 186,436.85 (1,603.26)3.000 2.851 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3132A8GL7 US TREAS & AGENCY OBLIGATIONS F H L M C PARTN CERT MIRROR POOL #ZS7403 05/01/2031 09/01/2018 80,376.88 85,061.35 84,269.53 (791.82)3.000 2.861 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3132A9T64 US TREAS & AGENCY OBLIGATIONS F H L M C PARTN CERT MIRROR POOL #ZS8673 10/01/2032 09/01/2018 105,035.03 109,453.31 110,386.56 933.25 3.000 2.855 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3132D9C93 US TREAS & AGENCY OBLIGATIONS F H L M C PARTN CERT POOL #SC0096 10/01/2040 10/01/2020 170,448.60 180,738.05 180,641.43 (96.62)3.000 2.831 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3136A8SX9 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2012 102 CL BJ 09/25/2027 08/01/2012 38,072.60 38,643.06 38,467.41 (175.65)1.500 1.485 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3136ABNZ2 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2012 148 CL MC 11/25/2042 12/01/2012 44,261.75 45,025.17 45,070.85 45.68 2.000 1.964 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3136ADFF1 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2013 36 CL KC 04/25/2023 03/01/2013 21,089.77 20,786.60 21,140.60 354.00 1.500 1.496 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3136AEY84 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2013 70 CL DG 07/25/2028 06/01/2013 43,215.97 43,927.80 43,719.00 (208.80)1.750 1.730 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3136AHAE0 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2013 M14 CL APT 04/25/2023 11/01/2013 25,748.03 25,845.70 25,938.05 92.35 VAR 2.463 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3136AQZK9 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2015 89 CL KE 11/25/2031 11/01/2015 70,675.50 72,590.00 71,844.47 (745.53)2.000 1.967 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3137AQQE1 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER 4039 CL QB 05/15/2027 05/01/2012 81,198.94 82,361.65 81,723.49 (637.58)1.500 1.490 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3137AYSH5 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER 4165 CL TE 12/15/2042 02/01/2013 139,041.53 141,914.93 139,786.79 (2,128.29)1.750 1.741 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3137B3NW4 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K031 CL A1 09/25/2022 08/01/2013 14,006.27 14,134.47 14,111.32 (23.15)2.778 2.757 N/A AAA 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3137B5A60 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER 4257 CL EK 10/15/2028 10/01/2013 8,099.36 8,143.50 8,296.50 153.00 2.500 2.441 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3137B6DF5 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER 4272 CL YG 11/15/2026 11/01/2013 68,044.52 67,337.50 68,839.28 1,501.78 2.000 1.977 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3137B7YX1 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K037 CL A1 04/25/2023 03/01/2014 6,134.11 6,235.05 6,211.22 (23.83)2.592 2.560 AAA N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3137B9RN7 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER 4328 CL EA 12/15/2027 04/01/2014 86,579.34 88,005.86 88,411.36 401.79 2.500 2.448 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3137BLAC2 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K048 CL A2 06/25/2025 09/01/2015 150,000.00 158,296.50 159,319.50 1,023.00 VAR 3.092 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3137BP4K2 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER KIR1 CL A2 03/25/2026 05/01/2016 200,000.00 208,911.36 210,426.00 1,514.64 2.849 2.708 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3137BVZ74 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K063 CL A1 08/25/2026 03/01/2017 4,342.20 4,588.02 4,525.53 (62.49)3.045 2.922 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3137F4CY6 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER KBX1 CL A1 09/25/2024 03/01/2018 190,000.00 195,023.65 198,057.90 3,034.25 2.920 0.507 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3137FBAB2 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER KIR3 CL A1 08/25/2027 10/01/2017 130,000.00 141,252.84 136,353.10 (4,899.74)3.038 2.648 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3137FBAJ5 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER KIR3 CL A2 08/25/2027 10/01/2017 200,000.00 210,479.94 217,528.00 7,048.06 3.281 3.243 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3137FMD66 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER KJ24 CL A1 05/25/2026 06/01/2019 41,485.60 43,216.05 42,393.30 (822.75)2.283 2.234 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3137FNAD2 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K095 CL A1 11/25/2028 08/01/2019 144,476.50 146,695.12 151,862.14 5,167.02 2.631 2.735 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3137FPJF3 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K099 CL A1 06/25/2029 10/01/2019 191,661.22 192,370.36 198,865.77 6,495.41 2.258 2.176 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3137FPJP1 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER KC05 CL ASB 07/25/2029 11/01/2019 93,937.40 98,546.82 96,094.20 (2,452.62)2.230 2.166 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3137FQ3Y7 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K101 CL A1 07/25/2029 11/01/2019 192,336.83 192,392.13 199,084.01 6,691.88 2.190 2.427 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3137FWHY9 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER 2020 P003 CL A1 09/25/2030 09/01/2020 185,624.84 184,696.71 177,011.85 (7,684.86)0.826 0.866 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3138EJPZ5 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #AL2239 07/01/2022 08/01/2012 10,965.33 11,016.45 10,964.56 (51.89)3.023 3.370 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3138LFGP7 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #AN2905 10/01/2028 10/01/2016 48,993.64 50,338.47 51,421.76 1,083.30 2.550 2.430 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3140J6FU6 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #BM1978 10/01/2032 10/01/2017 78,922.86 83,276.25 83,786.88 510.63 3.000 2.826 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 3140JAU97 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #BM6007 06/01/2049 05/31/2019 29,354.44 30,464.60 29,537.02 (927.58)VAR 2.580 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 31417YKF3 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #MA0293 01/01/2030 12/01/2009 37,679.78 40,027.62 40,342.99 327.48 4.500 4.203 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 31418DQ47 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT UMBS POOL #MA4074 06/01/2035 06/01/2020 27,108.19 27,965.46 27,777.76 (123.62)2.000 1.952 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 31418DVU3 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT UMBS POOL #MA4226 12/01/2030 12/01/2020 156,835.51 162,798.60 160,709.35 (2,089.25)2.000 1.952 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 31418DXH0 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT UMBS POOL #MA4279 03/01/2036 02/01/2021 173,476.39 179,257.22 177,761.26 (1,495.96)2.000 1.952 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 36176XE21 US TREAS & AGENCY OBLIGATIONS G N M A PASS THRU CERT POOL #778953 03/15/2027 03/01/2012 110,155.22 113,478.16 114,984.42 1,506.26 3.000 2.874 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 36176XQB8 US TREAS & AGENCY OBLIGATIONS G N M A PARTN CERT POOL #779250 05/15/2027 05/01/2012 36,329.94 37,653.50 37,923.73 270.23 3.000 2.874 N/A N/A Page 7 of 10245 Source Account Account CUSIP Asset Category Name Asset Name 1 Asset Name 2 Maturity Date Issue Date Shares/Par Book Value Call Date Market Value Unrealized Gain/Loss Coupon Yield S&P Rating Moody Rating 91 CIP STAMP Portfolio by Account for quarter ended December 31, 2021 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 36179MU32 US TREAS & AGENCY OBLIGATIONS G N M A I I PASS THRU CERT POOL #MA0602 12/20/2027 12/01/2012 65,404.27 67,707.00 68,347.46 640.46 3.000 2.871 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 36179NAJ7 US TREAS & AGENCY OBLIGATIONS G N M A I I PASS THRU CERT POOL #MA0909 04/20/2028 04/01/2013 24,864.51 25,791.29 25,743.22 (48.07)3.000 2.898 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 36179NHK7 US TREAS & AGENCY OBLIGATIONS G N M A I I PARTN CERT POOL #MA1134 07/20/2028 07/01/2013 71,292.27 74,406.79 74,508.98 102.19 3.000 2.870 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 36179RHM4 US TREAS & AGENCY OBLIGATIONS G N M A I I PARTN CERT POOL #MA2936 07/20/2030 07/01/2015 65,432.20 68,415.41 69,176.23 760.82 3.500 3.311 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 36179TF83 US TREAS & AGENCY OBLIGATIONS G N M A I I PARTN CERT POOL #MA4691 09/20/2032 09/01/2017 60,809.40 63,904.57 64,284.66 380.09 3.500 3.311 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 36202F3H7 US TREAS & AGENCY OBLIGATIONS G N M A I I PASS THRU CERT POOL #005300 02/20/2027 02/01/2012 54,194.46 56,065.39 56,625.62 560.23 3.000 2.871 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 36297GCD0 US TREAS & AGENCY OBLIGATIONS G N M A PASS THRU CERT POOL #711168 02/15/2025 02/01/2010 39,836.65 40,398.90 41,730.88 1,331.98 4.500 4.296 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 38376TTT9 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2010 6 CL AB 11/20/2039 01/01/2010 19,841.23 20,155.20 20,540.43 385.23 3.000 2.898 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 38376V2E6 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2010 19 CL UA 07/16/2039 02/01/2010 56,247.67 57,681.80 58,375.52 693.72 4.000 3.854 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 38376WA62 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2010 15 CL PD 10/20/2039 02/01/2010 44,545.84 46,005.81 46,535.26 529.45 4.000 3.829 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 38377LFC7 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2010 116 CL NE 12/20/2039 09/01/2010 10,713.54 10,810.59 10,747.39 (63.20)2.500 2.492 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 38377QKH9 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2011 18 CL PG 08/20/2040 02/01/2011 13,419.15 13,571.90 13,628.35 56.45 3.000 2.954 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 38377RVK8 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2010 166 CL GP 04/20/2039 12/01/2010 41,753.32 42,569.50 42,370.02 (199.48)3.000 2.956 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 38377YTL4 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2011 136 CL GA 05/20/2040 10/01/2011 42,456.59 41,939.15 42,649.34 710.19 2.000 1.991 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 38378AU90 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2011 158 CL CA 10/20/2026 12/01/2011 42,490.67 43,160.81 43,148.00 (12.81)3.000 2.954 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 38378FRB8 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2013 5 CL JE 07/20/2042 01/01/2013 113,254.68 111,591.25 114,626.19 3,034.94 2.000 1.976 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 38378HAU0 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2012 96 CL AD 08/20/2027 08/01/2012 50,873.93 51,558.46 51,174.59 (383.86)1.500 1.491 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 38378JZD7 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2013 47 CL EC 12/20/2040 03/01/2013 18,050.61 17,824.97 18,160.72 335.75 1.500 1.491 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 38378TAF7 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2013 71 CL GA 07/20/2041 05/01/2013 59,141.02 59,208.32 60,345.72 1,137.40 2.500 2.450 N/A N/A 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 91282CCQ2 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 07/31/2023 VAR 07/31/2023 07/31/2021 350,000.00 350,078.46 350,052.50 (25.96)VAR 0.000 N/A AAA 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 91282CDE8 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 10/31/2023 VAR 10/31/2023 11/01/2021 400,000.00 400,089.09 400,076.00 (13.09)VAR 0.000 N/A AAA 7,322,769.51 7,390,590.16 19,454.31 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV CASH Principal Cash 52,326.95 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV CASH Income Cash (48.30) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 912796K81 CASH EQUIVALENTS U S TREASURY BILL 01/20/2022 01/20/2022 07/22/2021 625,000.00 624,956.60 624,993.75 37.15 0.045 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 912796Q85 CASH EQUIVALENTS U S TREASURY BILL 01/25/2022 01/25/2022 09/28/2021 625,000.00 624,961.81 624,993.75 31.94 0.041 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3130AFFX0 US TREAS & AGENCY OBLIGATIONS FEDERAL HOME LOAN BKS 3.250 11/16/2028 11/16/2028 11/16/2018 185,000.00 205,766.25 206,672.75 906.50 3.250 2.909 AA+AAA 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3132A85Y1 US TREAS & AGENCY OBLIGATIONS F H L M C PARTN CERT POOL #ZS8063 09/01/2032 09/01/2018 160,937.59 167,511.99 167,045.17 (466.82)2.500 2.409 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3132AEFC5 US TREAS & AGENCY OBLIGATIONS F H L M C PARTN CERT UMBS POOL #ZT1963 11/01/2030 05/01/2019 318,469.08 336,016.48 335,233.29 (783.19)3.500 3.325 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3132AEFK7 US TREAS & AGENCY OBLIGATIONS F H L M C PARTN CERT POOL #ZT1970 04/01/2033 05/01/2019 61,676.96 65,996.45 65,603.32 (393.13)3.500 3.291 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3134GWND4 US TREAS & AGENCY OBLIGATIONS F H L M C M T N 0.600 08/12/2025 08/12/2025 08/12/2020 300,000.00 299,580.00 295,260.00 (4,320.00)0.600 0.610 N/A AAA 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3136A72D3 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2012 M9 CL A2 04/25/2022 08/01/2012 41,246.98 0.11 41,350.92 41,350.81 2.482 2.476 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3136A8SX9 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2012 102 CL BJ 09/25/2027 08/01/2012 32,880.88 33,336.82 33,221.85 (114.97)1.500 1.485 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3136ABNZ2 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2012 148 CL MC 11/25/2042 12/01/2012 37,142.73 37,759.69 37,821.70 62.01 2.000 1.964 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3136AC7J4 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2013 M6 CL 2A 03/25/2023 04/01/2013 29,764.23 29,436.53 30,297.61 844.58 VAR 2.499 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3136ADFF1 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2013 36 CL KC 04/25/2023 03/01/2013 19,918.09 19,631.77 19,966.09 334.32 1.500 1.496 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3136AEY84 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2013 70 CL DG 07/25/2028 06/01/2013 37,322.88 37,896.42 37,757.32 (139.10)1.750 1.730 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3136AHAE0 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2013 M14 CL APT 04/25/2023 11/01/2013 21,527.06 21,629.31 21,685.93 56.62 VAR 2.463 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3137AWQG3 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K023 CL A1 04/25/2022 12/01/2012 15,774.21 15,803.22 15,795.98 (7.24)1.583 1.581 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3137B1BS0 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K026 CL A2 11/25/2022 05/01/2013 360,000.00 363,360.94 364,903.20 1,542.26 2.510 2.476 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3137B1U75 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K S01 CL A2 01/25/2023 05/07/2013 301,049.95 307,432.09 303,777.46 (3,654.63)2.522 3.195 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3137B1UG5 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K027 CL A2 01/25/2023 05/01/2013 240,000.00 250,336.72 243,897.60 (6,439.12)2.637 2.595 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3137B3NW4 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K031 CL A1 09/25/2022 08/01/2013 10,470.82 10,546.71 10,549.35 2.64 2.778 2.757 N/A AAA 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3137B5A60 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER 4257 CL EK 10/15/2028 10/01/2013 8,870.70 8,770.93 9,086.61 315.68 2.500 2.441 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3137BJQ71 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER KPLB CL A 05/25/2025 06/01/2015 175,000.00 188,024.41 183,153.25 (4,871.16)2.770 2.647 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3137BLAC2 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K048 CL A2 06/25/2025 09/01/2015 37,000.00 40,815.63 39,298.81 (1,516.82)VAR 3.092 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3137BLW87 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K050 CL A1 01/25/2025 11/01/2015 172,375.72 179,282.04 177,584.91 (1,697.13)2.802 2.720 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3137BYPQ7 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K726 CL A2 04/25/2024 06/01/2017 206,049.50 215,950.58 213,341.59 (2,608.99)2.905 0.427 AAA N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3137F4CY6 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER KBX1 CL A1 09/25/2024 03/01/2018 40,000.00 42,250.00 41,696.40 (553.60)2.920 0.507 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3137FYUR5 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER Q 015 CL A 08/26/2024 05/07/2021 172,335.82 172,379.32 172,430.60 51.28 VAR 0.242 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3138EJPZ5 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #AL2239 07/01/2022 08/01/2012 9,746.97 9,810.42 9,746.29 (64.13)3.023 3.370 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3138EKXL4 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #AL3382 03/01/2023 03/01/2013 153,805.74 153,771.21 154,993.12 1,218.76 2.355 2.312 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3138ENQD4 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #AL5851 10/01/2029 09/01/2014 21,807.13 23,102.39 23,226.99 124.60 3.500 3.286 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3138EQRJ3 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #AL7688 11/01/2030 11/01/2015 47,184.23 49,985.13 49,978.01 (7.12)3.500 3.304 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3138ETQP4 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #AL8561 06/01/2031 05/01/2016 68,151.52 72,702.83 72,939.16 236.33 3.500 3.270 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3138WEMJ5 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #AS4860 05/01/2030 04/01/2015 73,662.38 76,681.20 76,644.97 (36.23)2.500 2.403 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3140J8ME0 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT UMBS POOL #BM3956 12/01/2032 05/01/2018 52,198.92 55,143.27 54,949.80 (193.46)3.000 2.850 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3140JAU97 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #BM6007 06/01/2049 05/31/2019 26,908.23 27,918.60 27,075.60 (843.00)VAR 2.580 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 3140X9VK8 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #FM6017 02/01/2035 02/01/2021 159,041.82 168,792.04 166,513.60 (2,278.44)3.000 2.865 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 31418CDH4 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #MA2803 11/01/2031 10/01/2016 166,252.50 173,572.09 172,066.35 (1,505.74)2.500 2.416 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 31418DYF3 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT UMBS POOL #MA4309 03/01/2031 03/01/2021 226,787.28 233,975.88 232,388.93 (1,589.24)2.000 1.952 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 36176XQB8 US TREAS & AGENCY OBLIGATIONS G N M A PARTN CERT POOL #779250 05/15/2027 05/01/2012 31,485.95 32,557.42 32,867.24 309.82 3.000 2.874 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 36179MEK2 US TREAS & AGENCY OBLIGATIONS G N M A I I PARTN CERT POOL #MA0138 06/20/2027 06/01/2012 56,583.07 57,352.56 58,486.52 1,133.96 2.500 2.419 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 36179MU24 US TREAS & AGENCY OBLIGATIONS G N M A I I PASS THRU CERT POOL #MA0601 12/20/2027 12/01/2012 33,385.08 34,238.70 34,510.16 271.46 2.500 2.418 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 36179MZV5 US TREAS & AGENCY OBLIGATIONS G N M A I I PASS THRU CERT POOL #MA0756 02/20/2028 02/01/2013 45,780.99 46,964.14 47,324.72 360.58 2.500 2.418 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 36179NAJ7 US TREAS & AGENCY OBLIGATIONS G N M A I I PASS THRU CERT POOL #MA0909 04/20/2028 04/01/2013 22,999.66 23,803.96 23,812.47 8.51 3.000 2.898 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 36179NKP2 US TREAS & AGENCY OBLIGATIONS G N M A II PARTN CERT POOL #MA1202 08/20/2028 08/01/2013 72,919.33 75,001.15 75,382.54 377.72 2.500 2.418 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 36202F2H8 US TREAS & AGENCY OBLIGATIONS G N M A I I PASS THRU CERT POOL #005276 01/20/2027 01/01/2012 71,574.46 72,398.31 74,783.14 2,385.51 3.000 2.871 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 36202F3H7 US TREAS & AGENCY OBLIGATIONS G N M A I I PASS THRU CERT POOL #005300 02/20/2027 02/01/2012 37,574.82 38,645.93 39,260.43 614.50 3.000 2.871 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 38375XCM4 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2008 47 CL PC 11/16/2037 06/01/2008 4,168.75 4,236.92 4,180.59 (56.33)5.000 4.986 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 38376T5Z1 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2010 4 CL PD 01/16/2039 01/01/2010 44,912.22 11,943.75 46,245.66 34,324.87 3.000 2.913 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 38376TTT9 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2010 6 CL AB 11/20/2039 01/01/2010 18,253.95 18,532.34 18,897.22 364.88 3.000 2.898 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 38377LFC7 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2010 116 CL NE 12/20/2039 09/01/2010 9,158.36 9,238.27 9,187.30 (50.97)2.500 2.492 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 38377QKH9 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2011 18 CL PG 08/20/2040 02/01/2011 12,437.25 12,573.84 12,631.15 57.31 3.000 2.954 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 38377RVK8 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2010 166 CL GP 04/20/2039 12/01/2010 33,782.12 16,705.84 34,281.08 17,575.27 3.000 2.956 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 38377YTL4 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2011 136 CL GA 05/20/2040 10/01/2011 10,783.99 10,896.99 10,832.95 (64.04)2.000 1.991 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 38378AU90 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2011 158 CL CA 10/20/2026 12/01/2011 39,076.24 39,644.41 39,680.75 36.34 3.000 2.954 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 38378HAU0 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2012 96 CL AD 08/20/2027 08/01/2012 42,814.71 43,349.90 43,067.74 (282.15)1.500 1.491 N/A N/A Page 8 of 10246 Source Account Account CUSIP Asset Category Name Asset Name 1 Asset Name 2 Maturity Date Issue Date Shares/Par Book Value Call Date Market Value Unrealized Gain/Loss Coupon Yield S&P Rating Moody Rating 91 CIP STAMP Portfolio by Account for quarter ended December 31, 2021 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 38378JZD7 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2013 47 CL EC 12/20/2040 03/01/2013 16,988.80 16,776.43 17,092.43 316.00 1.500 1.491 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 38378KRS0 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2013 78 CL AG 07/16/2043 05/01/2013 73,091.39 70,567.46 73,633.00 3,065.54 2.388 2.371 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 38378KSL4 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2013 74 CL AL 12/16/2046 05/01/2013 425,000.00 193,422.88 428,752.75 235,329.87 VAR 2.554 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 38378KXW4 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2013 105 CL A 02/16/2037 07/01/2013 48,546.09 0.33 48,754.84 48,754.51 1.705 1.698 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 38378TAF7 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2013 71 CL GA 07/20/2041 05/01/2013 54,591.65 0.21 55,703.68 55,703.47 2.500 2.450 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 38378VC45 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2013 116 CL MA 12/16/2041 08/01/2013 58,822.45 56,699.33 59,948.90 3,249.57 2.250 2.208 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 38379KDN5 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2015 29 CL AD 09/16/2055 02/01/2015 41,331.89 40,276.01 42,607.81 2,331.80 VAR 2.414 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 38380AZ34 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2016 147 CL DA 04/20/2046 10/01/2016 55,579.48 56,112.36 57,023.99 911.63 3.000 2.924 N/A N/A 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 9128285W6 US TREAS & AGENCY OBLIGATIONS U S TREASURY INFLATION PROTECTED SECURITY 01/15/2029 01/15/2019 136,887.50 143,859.44 158,285.75 12,106.48 0.875 0.734 N/A AAA 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 912828G38 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 2.250 11/15/2024 11/15/2024 11/17/2014 760,000.00 770,127.32 787,907.20 17,779.88 2.250 2.170 N/A AAA 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 912828J43 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 1.750 02/28/2022 02/28/2022 03/02/2015 445,000.00 450,006.25 446,165.90 (3,840.35)1.750 1.745 N/A AAA 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 912828ZF0 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 0.500 03/31/2025 03/31/2025 03/31/2020 365,000.00 362,889.84 358,941.00 (3,948.84)0.500 0.508 N/A AAA 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 91282CAE1 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 0.625 08/15/2030 08/15/2030 08/15/2020 90,000.00 87,148.83 83,932.20 (3,216.63)0.625 0.670 N/A AAA 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 91282CAM3 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 0.250 09/30/2025 09/30/2025 09/30/2020 970,000.00 957,882.03 939,309.20 (18,572.83)0.250 0.258 N/A AAA 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 91282CAP6 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 0.125 10/15/2023 10/15/2023 10/15/2020 375,000.00 374,077.15 371,250.00 (2,827.15)0.125 0.126 N/A AAA 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 91282CBA8 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 0.125 12/15/2023 12/15/2023 12/15/2020 180,000.00 179,444.53 177,933.60 (1,510.93)0.125 0.126 N/A AAA 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 91282CCQ2 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 07/31/2023 VAR 07/31/2023 07/31/2021 2,330,000.00 2,330,229.43 2,330,349.50 120.07 VAR 0.000 N/A AAA 11,982,492.14 12,453,244.09 416,151.55 Page 9 of 10247 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 CASH RECEIPT TRANSFER FROM ANOTHER TRUST MT3886 TRANSFERRED FUNDS - - - 29,514,706.42 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 02/24/2021 10/14/2021 3128MMT52 RECEIVED PAR VALUE OF F H L M C GD G18571 2.500% 10/01/30 MV 92918.21 95 INTERNAL TRANSFER FROM A/C XXXXX0023 88,786.95 - - - 92,405.86 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 06/22/2020 10/14/2021 3128MMUL5 RECEIVED PAR VALUE OF F H L M C GD G18586 2.500% 2/01/31 MV 89310.01 95 INTERNAL TRANSFER FROM A/C XXXXX0023 85,592.72 - - - 88,587.33 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 02/05/2021 10/14/2021 31307NP40 RECEIVED PAR VALUE OF F H L M C GD J32243 3.000% 7/01/30 MV 170867.44 95 INTERNAL TRANSFER FROM A/C XXXXX0023 161,421.08 - - - 171,306.23 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 05/11/2021 10/14/2021 3132A8GL7 RECEIVED PAR VALUE OF F H L M C #ZS7403 3.000% 5/01/31 MV 71280.95 95 INTERNAL TRANSFER FROM A/C XXXXX0023 67,736.95 - - - 71,684.73 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 08/14/2020 10/14/2021 3132A9T64 RECEIVED PAR VALUE OF F H L M C #ZS8673 3.000% 10/01/32 MV 110511.98 95 INTERNAL TRANSFER FROM A/C XXXXX0023 104,641.59 - - - 109,043.32 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 01/14/2021 10/14/2021 3132AEF68 RECEIVED PAR VALUE OF F H L M C #ZT1989 3.500% 1/01/33 MV 74011.01 95 INTERNAL TRANSFER FROM A/C XXXXX0023 69,050.43 - - - 74,243.76 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 04/14/2021 10/14/2021 3132AEF68 RECEIVED PAR VALUE OF F H L M C #ZT1989 3.500% 1/01/33 MV 28095.87 95 INTERNAL TRANSFER FROM A/C XXXXX0023 26,212.75 - - - 28,100.36 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 03/26/2021 10/14/2021 3132AEF68 RECEIVED PAR VALUE OF F H L M C #ZT1989 3.500% 1/01/33 MV 30837.92 95 INTERNAL TRANSFER FROM A/C XXXXX0023 28,771.01 - - - 30,938.45 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 05/12/2021 10/14/2021 3132D9C93 RECEIVED PAR VALUE OF F H L M C #SC0096 3.000% 10/01/40 MV 162347.03 95 INTERNAL TRANSFER FROM A/C XXXXX0023 151,961.95 - - - 161,135.40 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 02/17/2021 10/14/2021 3136ADZA0 RECEIVED PAR VALUE OF F N M A GTD REMIC 1.250% 4/25/28 MV 50791.40 95 INTERNAL TRANSFER FROM A/C XXXXX0023 50,313.92 - - - 50,798.51 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 02/05/2021 10/14/2021 3136ADZA0 RECEIVED PAR VALUE OF F N M A GTD REMIC 1.250% 4/25/28 MV 40003.22 95 INTERNAL TRANSFER FROM A/C XXXXX0023 39,627.16 - - - 40,023.57 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 03/11/2021 10/14/2021 3136AQZK9 RECEIVED PAR VALUE OF F N M A GTD REMIC 2.000% 11/25/31 MV 64586.40 95 INTERNAL TRANSFER FROM A/C XXXXX0023 62,969.35 - - - 64,675.09 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 02/17/2021 10/14/2021 3137AQQE1 RECEIVED PAR VALUE OF F H L M C MLTCL MTG 1.500% 5/15/27 MV 36590.91 95 INTERNAL TRANSFER FROM A/C XXXXX0023 36,062.59 - - - 36,587.02 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 02/04/2021 10/14/2021 3137AQQE1 RECEIVED PAR VALUE OF F H L M C MLTCL MTG 1.500% 5/15/27 MV 38740.16 95 INTERNAL TRANSFER FROM A/C XXXXX0023 38,180.81 - - - 38,718.99 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 11/16/2016 10/14/2021 3137AUPE3 RECEIVED PAR VALUE OF F H L M C MLTCL MT 2.396% 6/25/22 MV 142717.34 95 INTERNAL TRANSFER FROM A/C XXXXX0023 141,220.40 - - - 142,725.22 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 10/14/2021 3137AUPE3 RECEIVED PAR VALUE OF F H L M C MLTCL MT 2.396% 6/25/22 MV 5946.55 95 INTERNAL TRANSFER FROM A/C XXXXX0023 5,884.18 - - - 0.03 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 09/29/2017 10/14/2021 3137AXHP1 RECEIVED PAR VALUE OF F H L M C MLTCL MT 2.573% 9/25/22 MV 142438.80 95 INTERNAL TRANSFER FROM A/C XXXXX0023 140,000.00 - - - 141,760.24 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 04/08/2021 10/14/2021 3137AYSH5 RECEIVED PAR VALUE OF F H L M C MLTCL MTG 1.750% 12/15/42 MV 12648.84 95 INTERNAL TRANSFER FROM A/C XXXXX0023 12,472.60 - - - 12,734.06 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 03/05/2021 10/14/2021 3137B6DF5 RECEIVED PAR VALUE OF F H L M C MLTCL MTG 2.000% 11/15/26 MV 62219.96 95 INTERNAL TRANSFER FROM A/C XXXXX0023 61,226.26 - - - 62,238.87 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 08/11/2021 10/14/2021 3137B9RN7 RECEIVED PAR VALUE OF F H L M C MLTCL MTG 2.500% 12/15/27 MV 52269.14 95 INTERNAL TRANSFER FROM A/C XXXXX0023 50,917.78 - - - 51,725.52 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 02/05/2021 10/14/2021 3137B9RN7 RECEIVED PAR VALUE OF F H L M C MLTCL MTG 2.500% 12/15/27 MV 33148.00 95 INTERNAL TRANSFER FROM A/C XXXXX0023 32,291.00 - - - 32,858.25 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 07/09/2020 10/14/2021 3137BVZ74 RECEIVED PAR VALUE OF F H L M C MLTCL MTG 3.045% 8/25/26 MV 263496.11 95 INTERNAL TRANSFER FROM A/C XXXXX0023 249,906.21 - - - 264,053.59 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 09/22/2020 10/14/2021 3137FBAB2 RECEIVED PAR VALUE OF F H L M C MLTCL MT 2.77704% 8/25/27 MV 127700.40 95 INTERNAL TRANSFER FROM A/C XXXXX0023 120,000.00 - - - 130,387.24 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 06/26/2019 10/14/2021 3137FBAJ5 RECEIVED PAR VALUE OF F H L M C MLTCL MT 3.52704% 8/25/27 MV 220270.00 95 INTERNAL TRANSFER FROM A/C XXXXX0023 200,000.00 - - - 210,479.94 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 08/18/2020 10/14/2021 3137FMD66 RECEIVED PAR VALUE OF F H L M C MLTCL MT 2.283% 5/25/26 MV 68334.98 95 INTERNAL TRANSFER FROM A/C XXXXX0023 66,221.20 - - - 68,983.43 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 08/01/2019 10/14/2021 3137FNAD2 RECEIVED PAR VALUE OF F H L M C MLTCL MT 2.87496% 11/25/28 MV 138235.05 95 INTERNAL TRANSFER FROM A/C XXXXX0023 130,379.67 - - - 132,381.84 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 01/08/2020 10/14/2021 3137FPJF3 RECEIVED PAR VALUE OF F H L M C MLTCL MT 2.258% 6/25/29 MV 187302.82 95 INTERNAL TRANSFER FROM A/C XXXXX0023 178,080.05 - - - 178,738.98 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 01/08/2020 10/14/2021 3137FQ3Y7 RECEIVED PAR VALUE OF F H L M C MLTCL MT 2.51196% 7/25/29 MV 187588.66 95 INTERNAL TRANSFER FROM A/C XXXXX0023 178,812.54 - - - 178,863.98 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 09/15/2020 10/14/2021 3137FWHY9 RECEIVED PAR VALUE OF F H L M C MLTCL 0.826% 9/25/30 MV 181412.30 95 INTERNAL TRANSFER FROM A/C XXXXX0023 188,584.16 - - - 187,641.23 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 08/07/2019 10/14/2021 3138LFGP7 RECEIVED PAR VALUE OF F N M A #AN2905 2.550% 10/01/28 MV 287272.53 95 INTERNAL TRANSFER FROM A/C XXXXX0023 270,267.31 - - - 277,685.90 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 11/03/2020 10/14/2021 3140J6FU6 RECEIVED PAR VALUE OF F N M A #BM1978 3.000% 10/01/32 MV 79422.41 95 INTERNAL TRANSFER FROM A/C XXXXX0023 74,454.79 - - - 78,561.72 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 02/02/2021 10/14/2021 3140X4H90 RECEIVED PAR VALUE OF F N M A #FM1155 2.500% 6/01/32 MV 126832.59 95 INTERNAL TRANSFER FROM A/C XXXXX0023 121,480.17 - - - 127,317.06 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 05/25/2021 10/14/2021 3140X7LS6 RECEIVED PAR VALUE OF F N M A #FM3936 2.500% 8/01/35 MV 116962.97 95 INTERNAL TRANSFER FROM A/C XXXXX0023 111,748.77 - - - 116,956.42 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 02/14/2019 10/14/2021 31417YKF3 RECEIVED PAR VALUE OF F N M A #MA0293 4.500% 1/01/30 MV 37809.68 95 INTERNAL TRANSFER FROM A/C XXXXX0023 34,871.74 - - - 35,530.35 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 10/14/2021 31417YKF3 RECEIVED PAR VALUE OF F N M A #MA0293 4.500% 1/01/30 MV 37688.96 95 INTERNAL TRANSFER FROM A/C XXXXX0023 34,760.40 - - - 0.16 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 02/24/2021 10/14/2021 31418DQ47 RECEIVED PAR VALUE OF F N M A #MA4074 2.000% 6/01/35 MV 141789.03 95 INTERNAL TRANSFER FROM A/C XXXXX0023 137,833.22 - - - 142,296.00 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 04/14/2021 10/14/2021 31418DQ47 RECEIVED PAR VALUE OF F N M A #MA4074 2.000% 6/01/35 MV 32686.02 95 INTERNAL TRANSFER FROM A/C XXXXX0023 31,774.10 - - - 32,703.82 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 01/21/2021 10/14/2021 31418DVU3 RECEIVED PAR VALUE OF F N M A #MA4226 2.000% 12/01/30 MV 148952.88 95 INTERNAL TRANSFER FROM A/C XXXXX0023 144,795.79 - - - 150,301.09 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 02/24/2021 10/14/2021 31418DXH0 RECEIVED PAR VALUE OF F N M A #MA4279 2.000% 3/01/36 MV 162061.76 95 INTERNAL TRANSFER FROM A/C XXXXX0023 157,540.35 - - - 162,790.14 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 10/14/2021 10/14/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 29,514,706.42 1.00 -(29,514,706.42)29,514,706.42 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 06/22/2020 10/14/2021 36176XE21 RECEIVED PAR VALUE OF G N M A #778953 3.000% 3/15/27 MV 113091.37 95 INTERNAL TRANSFER FROM A/C XXXXX0023 107,578.00 - - - 110,823.19 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 06/22/2020 10/14/2021 36179MU32 RECEIVED PAR VALUE OF G N M A I I #MA0602 3.000% 12/20/27 MV 67440.55 95 INTERNAL TRANSFER FROM A/C XXXXX0023 64,238.27 - - - 66,499.93 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 03/26/2021 10/14/2021 36179NAH1 RECEIVED PAR VALUE OF G N M A I I #MA0908 2.500% 4/20/28 MV 107008.81 95 INTERNAL TRANSFER FROM A/C XXXXX0023 102,768.58 - - - 106,301.39 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 03/31/2020 10/14/2021 36179NHK7 RECEIVED PAR VALUE OF G N M A I I #MA1134 3.000% 7/20/28 MV 120719.97 95 INTERNAL TRANSFER FROM A/C XXXXX0023 114,987.83 - - - 118,115.32 - - Quarter ended December 31, 2021 91 CIP STAMP Portfolio Transaction Report by Account Page 10 of 102 ATTACHMENT 4 48 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 91 CIP STAMP Portfolio Transaction Report by Account 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 10/27/2020 10/14/2021 36179RHM4 RECEIVED PAR VALUE OF G N M A I I #MA2936 3.500% 7/20/30 MV 62462.23 95 INTERNAL TRANSFER FROM A/C XXXXX0023 58,416.32 - - - 61,079.64 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 10/26/2020 10/14/2021 36179TF83 RECEIVED PAR VALUE OF G N M A I I #MA4691 3.500% 9/20/32 MV 62423.88 95 INTERNAL TRANSFER FROM A/C XXXXX0023 58,397.38 - - - 61,369.78 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 12/12/2018 10/14/2021 38376WA62 RECEIVED PAR VALUE OF G N M A GTD REMIC 4.000% 10/20/39 MV 62223.05 95 INTERNAL TRANSFER FROM A/C XXXXX0023 59,055.32 - - - 59,622.82 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 01/10/2018 10/14/2021 38376WA62 RECEIVED PAR VALUE OF G N M A GTD REMIC 4.000% 10/20/39 MV 16046.93 95 INTERNAL TRANSFER FROM A/C XXXXX0023 15,229.99 - - - 15,460.52 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 10/14/2021 38376WA62 RECEIVED PAR VALUE OF G N M A GTD REMIC 4.000% 10/20/39 MV 16411.63 95 INTERNAL TRANSFER FROM A/C XXXXX0023 15,576.13 - - - 0.13 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 12/30/2019 10/14/2021 38378FRB8 RECEIVED PAR VALUE OF G N M A GTD REMIC 2.000% 7/20/42 MV 119474.88 95 INTERNAL TRANSFER FROM A/C XXXXX0023 117,154.06 - - - 115,433.39 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 05/14/2015 10/14/2021 38378XP62 RECEIVED PAR VALUE OF G N M A GTD REMIC 2.500% 5/16/55 MV 125608.03 95 INTERNAL TRANSFER FROM A/C XXXXX0023 122,880.09 - - - 124,163.88 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 10/21/2020 10/14/2021 912828XB1 RECEIVED PAR VALUE OF U S TREASURY NT 2.125% 5/15/25 MV 130850.00 95 INTERNAL TRANSFER FROM A/C XXXXX0023 125,000.00 - - - 133,467.89 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 12/27/2018 10/14/2021 912828XB1 RECEIVED PAR VALUE OF U S TREASURY NT 2.125% 5/15/25 MV 157020.00 95 INTERNAL TRANSFER FROM A/C XXXXX0023 150,000.00 - - - 145,148.44 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 05/24/2016 10/14/2021 912828XB1 RECEIVED PAR VALUE OF U S TREASURY NT 2.125% 5/15/25 MV 1020630.00 95 INTERNAL TRANSFER FROM A/C XXXXX0023 975,000.00 - - - 995,075.41 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/14/2021 08/24/2021 10/14/2021 91282CCG4 RECEIVED PAR VALUE OF U S TREASURY NT 0.250% 6/15/24 MV 520611.00 95 INTERNAL TRANSFER FROM A/C XXXXX0023 525,000.00 - - - 522,662.11 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/15/2021 10/15/2021 10/15/2021 31307NP40 PAID DOWN PAR VALUE OF F H L M C GD J32243 3.000% 7/01/30 10/15/21 PYMT (5,865.73)- - 5,865.73 (6,224.94)(359.21)- 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/15/2021 31307NP40 INTEREST EARNED ON F H L M C GD J32243 3.000% 7/01/30 $1 PV ON 403.5500 SHARES DUE 10/15/2021 10/15/21 PYMT - - - 403.55 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/15/2021 10/15/2021 10/15/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 6,269.28 1.00 -(6,269.28)6,269.28 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/18/2021 CASH RECEIPT TRANSFER FROM INCOME 1 - - - 403.55 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/18/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL 1 - - - (403.55)- - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/19/2021 10/19/2021 10/19/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 3,693.88 1.00 -(3,693.88)3,693.88 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/19/2021 38378XP62 INTEREST EARNED ON G N M A GTD REMIC 2.500% 5/16/55 $1 PV ON 256.0000 SHARES DUE 10/16/2021 $0.00208/PV ON 122,880.09 PV DUE 10/16/21 - - - 256.00 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/19/2021 10/16/2021 10/19/2021 38378XP62 PAID DOWN PAR VALUE OF G N M A GTD REMIC 2.500% 5/16/55 (3,437.88)879.68 -3,437.88 (3,473.80)- (35.92) 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/20/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL 1 - - - (256.00)- - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/20/2021 CASH RECEIPT TRANSFER FROM INCOME 1 - - - 256.00 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/20/2021 CASH RECEIPT TRANSFER FROM ANOTHER TRUST MT3886 TRANSFER SHOULD HAVE - - - 29,890.06 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/20/2021 10/20/2021 10/20/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 29,890.06 1.00 -(29,890.06)29,890.06 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/21/2021 10/21/2021 10/21/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 7,181.62 1.00 -(7,181.62)7,181.62 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/21/2021 10/20/2021 10/21/2021 38376WA62 PAID DOWN PAR VALUE OF G N M A GTD REMIC 4.000% 10/20/39 (3,692.86)- - 3,692.86 (3,085.56)- 607.30 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/21/2021 38376WA62 INTEREST EARNED ON G N M A GTD REMIC 4.000% 10/20/39 $1 PV ON 299.5400 SHARES DUE 10/20/2021 $0.00333/PV ON 89,861.44 PV DUE 10/20/21 - - - 299.54 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/21/2021 38378FRB8 INTEREST EARNED ON G N M A GTD REMIC 2.000% 7/20/42 $1 PV ON 195.2600 SHARES DUE 10/20/2021 $0.00167/PV ON 117,154.06 PV DUE 10/20/21 - - - 195.26 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/21/2021 10/20/2021 10/21/2021 38378FRB8 PAID DOWN PAR VALUE OF G N M A GTD REMIC 2.000% 7/20/42 (2,993.96)- - 2,993.96 (2,949.99)- 43.97 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/22/2021 CASH RECEIPT TRANSFER FROM INCOME 1 - - - 494.80 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/22/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL 1 - - - (494.80)- - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/26/2021 3137FBAB2 INTEREST EARNED ON F H L M C MLTCL MT 2.77704% 8/25/27 $1 PV ON 120000.0000 SHARES DUE 10/25/2021 - - - 303.80 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/26/2021 3137FBAJ5 INTEREST EARNED ON F H L M C MLTCL MT 3.52704% 8/25/27 $1 PV ON 200000.0000 SHARES DUE 10/25/2021 - - - 546.84 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/26/2021 3137FWHY9 INTEREST EARNED ON F H L M C MLTCL 0.826% 9/25/30 $1 PV ON 129.8700 SHARES DUE 10/25/2021 $0.00069/PV ON 188,584.16 PV DUE 10/25/21 - - - 129.87 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/26/2021 10/25/2021 10/26/2021 3137FWHY9 PAID DOWN PAR VALUE OF F H L M C MLTCL 0.826% 9/25/30 (981.66)- - 981.66 (976.75)- 4.91 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/26/2021 10/26/2021 10/26/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 1,962.17 1.00 -(1,962.17)1,962.17 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/27/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL 1 - - - (980.51)- - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/27/2021 CASH RECEIPT TRANSFER FROM INCOME 1 - - - 980.51 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/29/2021 10/29/2021 10/29/2021 23337SYG3 PURCHASED PAR VALUE OF DTE GAS CO DISC COML C P 11/16/21 /BARCLAYS CAPITAL INC. FIXED IN/850,000 PAR VALUE AT 99.995 % 850,000.00 1.00 -(849,957.50)849,957.50 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/29/2021 10/29/2021 10/29/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (3,299,883.36)1.00 -3,299,883.36 (3,299,883.36)- - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/29/2021 10/29/2021 10/29/2021 63743CYK3 PURCHASED PAR VALUE OF NATIONAL RURAL UTILS C P 11/19/21 /RBC CAPITAL MARKETS, LLC/850,000 PAR VALUE AT 99.99475059 % 850,000.00 1.00 -(849,955.38)849,955.38 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/29/2021 10/29/2021 10/29/2021 64587AY32 PURCHASED PAR VALUE OF NEW JERSEY NAT GAS CO C P 11/03/21 /MIZUHO SECURITIES USA INC./750,000 PAR VALUE AT 99.99763867 % 750,000.00 1.00 -(749,982.29)749,982.29 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 10/29/2021 10/29/2021 10/29/2021 71112JY32 PURCHASED PAR VALUE OF PEOPLES GAS LT COKE CO C P 11/03/21 /BOFA SECURITIES, INC./FXD INC/850,000 PAR VALUE AT 99.99861059 % 850,000.00 1.00 -(849,988.19)849,988.19 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/01/2021 11/01/2021 11/01/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (8,999,836.92)1.00 -8,999,836.92 (8,999,836.92)- - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/01/2021 31846V203 INTEREST EARNED ON FIRST AM GOVT OB FD CL Y UNIT ON 0.0000 SHARES DUE 10/31/2021 INTEREST FROM 10/1/21 TO 10/31/21 - - - 85.60 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/01/2021 10/29/2021 11/01/2021 912796N70 PURCHASED PAR VALUE OF U S TREASURY BILL 11/23/21 /JPMSUS3X JP MORGAN SEC NY/3,000,000 PAR VALUE AT 99.99679167 % 3,000,000.00 1.00 -(2,999,903.75)2,999,903.75 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/01/2021 10/29/2021 11/01/2021 912796N88 PURCHASED PAR VALUE OF U S TREASURY BILL 11/30/21 /JPMSUS3X JP MORGAN SEC NY/3,000,000 PAR VALUE AT 99.995771 % 3,000,000.00 1.00 -(2,999,873.13)2,999,873.13 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/01/2021 10/29/2021 11/01/2021 91282CCQ2 PURCHASED PAR VALUE OF U S TREASURY NT 0.00001% 7/31/23 /BOFMCAT2 BANK OF MONTREAL/3,000,000 PAR VALUE AT 100.001768 % 3,000,000.00 1.00 -(3,000,053.04)3,000,053.04 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/01/2021 11/01/2021 91282CCQ2 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 0.00001% 7/31/23 - - - (7.00)- - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/02/2021 CASH RECEIPT TRANSFER FROM INCOME 1 - - - 78.60 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/02/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL 1 - - - (78.60)- - - Page 11 of 10249 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 91 CIP STAMP Portfolio Transaction Report by Account 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/02/2021 11/02/2021 11/02/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 85.60 1.00 -(85.60)85.60 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/03/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL 1 - - - (29.52)- - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/03/2021 CASH RECEIPT TRANSFER FROM INCOME 1 - - - 29.52 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/03/2021 11/02/2021 11/03/2021 02665JYG9 PURCHASED PAR VALUE OF AMERICAN HONDA FIN CORP C P 11/16/21 /J.P. MORGAN SECURITIES LLC/900,000 PAR VALUE AT 99.99458333 % 900,000.00 1.00 -(899,951.25)899,951.25 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/03/2021 11/03/2021 11/03/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 700,048.75 1.00 -(700,048.75)700,048.75 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/03/2021 11/03/2021 11/03/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (2,549,848.19)1.00 -2,549,848.19 (2,549,848.19)- - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/03/2021 11/03/2021 11/03/2021 63616JYH9 PURCHASED PAR VALUE OF NATIONAL FUEL GAS CO C P 11/17/21 /BOFA SECURITIES, INC./FXD INC/850,000 PAR VALUE AT 99.98638941 % 850,000.00 1.00 -(849,884.31)849,884.31 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/03/2021 11/03/2021 11/03/2021 64587AY32 MATURED PAR VALUE OF NEW JERSEY NAT GAS CO C P 11/03/21 750,000 PAR VALUE AT 100 % (750,000.00)1.00 -749,982.29 (749,982.29)- - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/03/2021 64587AY32 INTEREST EARNED ON NEW JERSEY NAT GAS CO C P 11/03/21 $1 PV ON 750000.0000 SHARES DUE 11/3/2021 750,000 PAR VALUE AT 100 % - - - 17.71 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/03/2021 11/03/2021 11/03/2021 64587AY99 PURCHASED PAR VALUE OF NEW JERSEY NAT GAS CO C P 11/09/21 /MIZUHO SECURITIES USA INC./850,000 PAR VALUE AT 99.9975 % 850,000.00 1.00 -(849,978.75)849,978.75 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/03/2021 11/03/2021 11/03/2021 71112JY32 MATURED PAR VALUE OF PEOPLES GAS LT COKE CO C P 11/03/21 850,000 PAR VALUE AT 100 % (850,000.00)1.00 -849,988.19 (849,988.19)- - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/03/2021 71112JY32 INTEREST EARNED ON PEOPLES GAS LT COKE CO C P 11/03/21 $1 PV ON 850000.0000 SHARES DUE 11/3/2021 850,000 PAR VALUE AT 100 % - - - 11.81 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/03/2021 11/03/2021 11/03/2021 71112JYA6 PURCHASED PAR VALUE OF PEOPLES GAS LT COKE CO C P 11/10/21 /BOFA SECURITIES, INC./FXD INC/850,000 PAR VALUE AT 99.99825059 % 850,000.00 1.00 -(849,985.13)849,985.13 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/04/2021 11/04/2021 11/04/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (874,708.33)1.00 -874,708.33 (874,708.33)- - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/04/2021 11/02/2021 11/04/2021 62479MAJ2 PURCHASED PAR VALUE OF MUFG BK LTD N Y BRH C P 1/18/22 /J.P. MORGAN SECURITIES LLC/875,000 PAR VALUE AT 99.96666629 % 875,000.00 1.00 -(874,708.33)874,708.33 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/05/2021 11/05/2021 11/05/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (849,992.92)1.00 -849,992.92 (849,992.92)- - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/05/2021 11/05/2021 11/05/2021 66522TY83 PURCHASED PAR VALUE OF NORTHERN ILL GAS CORP C P 11/08/21 /WELLS FARGO SECURITIES, LLC/850,000 PAR VALUE AT 99.99916706 % 850,000.00 1.00 -(849,992.92)849,992.92 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/08/2021 CASH RECEIPT TRANSFER FROM INCOME 1 - - - 7.08 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/08/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL 1 - - - (7.08)- - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/08/2021 11/08/2021 11/08/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (849,985.13)1.00 -849,985.13 (849,985.13)- - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/08/2021 11/08/2021 11/08/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 850,000.00 1.00 -(850,000.00)850,000.00 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/08/2021 66522TY83 INTEREST EARNED ON NORTHERN ILL GAS CORP C P 11/08/21 $1 PV ON 850000.0000 SHARES DUE 11/8/2021 850,000 PAR VALUE AT 100 % - - - 7.08 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/08/2021 11/08/2021 11/08/2021 66522TY83 MATURED PAR VALUE OF NORTHERN ILL GAS CORP C P 11/08/21 850,000 PAR VALUE AT 100 % (850,000.00)1.00 -849,992.92 (849,992.92)- - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/08/2021 11/08/2021 11/08/2021 97670RYF6 PURCHASED PAR VALUE OF WISCONSIN GAS CO C P 11/15/21 /MITSUBISHI UFJ SECURITIES (USA/850,000 PAR VALUE AT 99.99825059 % 850,000.00 1.00 -(849,985.13)849,985.13 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/09/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL 1 - - - (21.25)- - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/09/2021 CASH RECEIPT TRANSFER FROM INCOME 1 - - - 21.25 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/09/2021 11/09/2021 11/09/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 850,000.00 1.00 -(850,000.00)850,000.00 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/09/2021 11/09/2021 11/09/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (849,977.33)1.00 -849,977.33 (849,977.33)- - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/09/2021 11/09/2021 11/09/2021 53154LYF7 PURCHASED PAR VALUE OF LIBERTY UTILS CO DISC C P 11/15/21 /WELLS FARGO SECURITIES, LLC/850,000 PAR VALUE AT 99.99733294 % 850,000.00 1.00 -(849,977.33)849,977.33 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/09/2021 64587AY99 INTEREST EARNED ON NEW JERSEY NAT GAS CO C P 11/09/21 $1 PV ON 850000.0000 SHARES DUE 11/9/2021 850,000 PAR VALUE AT 100 % - - - 21.25 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/09/2021 11/09/2021 11/09/2021 64587AY99 MATURED PAR VALUE OF NEW JERSEY NAT GAS CO C P 11/09/21 850,000 PAR VALUE AT 100 % (850,000.00)1.00 -849,978.75 (849,978.75)- - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/10/2021 CASH RECEIPT TRANSFER FROM INCOME 1 - - - 14.87 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/10/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL 1 - - - (14.87)- - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/10/2021 11/10/2021 11/10/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (1,699,959.39)1.00 -1,699,959.39 (1,699,959.39)- - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/10/2021 11/10/2021 11/10/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 850,000.00 1.00 -(850,000.00)850,000.00 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/10/2021 11/10/2021 11/10/2021 64587AYJ7 PURCHASED PAR VALUE OF NEW JERSEY CO C P 11/18/21 /WELLS FARGO SECURITIES, LLC/850,000 PAR VALUE AT 99.99688941 % 850,000.00 1.00 -(849,973.56)849,973.56 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/10/2021 71112JYA6 INTEREST EARNED ON PEOPLES GAS LT COKE CO C P 11/10/21 $1 PV ON 850000.0000 SHARES DUE 11/10/2021 850,000 PAR VALUE AT 100 % - - - 14.87 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/10/2021 11/10/2021 11/10/2021 71112JYA6 MATURED PAR VALUE OF PEOPLES GAS LT COKE CO C P 11/10/21 850,000 PAR VALUE AT 100 % (850,000.00)1.00 -849,985.13 (849,985.13)- - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/10/2021 11/10/2021 11/10/2021 71112JYG3 PURCHASED PAR VALUE OF PEOPLES GAS LT COKE CO C P 11/16/21 /BOFA SECURITIES, INC./FXD INC/850,000 PAR VALUE AT 99.99833294 % 850,000.00 1.00 -(849,985.83)849,985.83 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/12/2021 11/12/2021 11/12/2021 26055AZ33 PURCHASED PAR VALUE OF DOW CHEM CO DISC COML C P 12/03/21 /BOFA SECURITIES, INC./FXD INC/900,000 PAR VALUE AT 99.99183333 % 900,000.00 1.00 -(899,926.50)899,926.50 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/12/2021 11/12/2021 11/12/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (1,069,326.48)1.00 -1,069,326.48 (1,069,326.48)- - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/12/2021 11/12/2021 11/12/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (1,981,657.25)1.00 -1,981,657.25 (1,981,657.25)- - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/12/2021 11/12/2021 92347YAC8 PAID ACCRUED INTEREST ON PURCHASE OF VERIZON OWNER TRUST 3.020% 9/20/23 - - - (793.59)- - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/12/2021 11/09/2021 11/12/2021 92347YAC8 PURCHASED PAR VALUE OF VERIZON OWNER TRUST 3.020% 9/20/23 /BARCUS3B BARCLAYS CAP WHIPPANY/430,000 PAR VALUE AT 101.82031163 % 430,000.00 1.02 -(437,827.34)437,827.34 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/12/2021 11/12/2021 11/12/2021 92780JYK1 PURCHASED PAR VALUE OF VIRGINIA ELEC PWR CO C P 11/19/21 /BARCLAYS CAPITAL INC. FIXED IN/900,000 PAR VALUE AT 99.99805556 % 900,000.00 1.00 -(899,982.50)899,982.50 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/12/2021 11/09/2021 11/12/2021 98162HAC4 PURCHASED PAR VALUE OF WORLD OMNI 1.700% 1/15/23 /BOFA SECURITIES, INC./FXD INC/180,000 PAR VALUE AT 100.84375 % 180,000.00 1.01 -(181,518.75)181,518.75 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/12/2021 11/09/2021 11/12/2021 98162HAC4 PURCHASED PAR VALUE OF WORLD OMNI 1.700% 1/15/23 /MTGSUS6SFIC BOFA SECS NEW YORK/180,000 PAR VALUE AT 100.84375 % 180,000.00 1.01 -(181,518.75)181,518.75 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/12/2021 11/12/2021 98162HAC4 PAID ACCRUED INTEREST ON PURCHASE OF WORLD OMNI 1.700% 1/15/23 - - - (229.50)- - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/12/2021 11/12/2021 98162HAC4 PAID ACCRUED INTEREST ON PURCHASE OF WORLD OMNI 1.700% 1/15/23 - - - (229.50)- - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/15/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL 1 - - - (13,250.99)- - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/15/2021 CASH RECEIPT TRANSFER FROM INCOME 1 - - - 13,250.99 - - - Page 12 of 10250 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 91 CIP STAMP Portfolio Transaction Report by Account 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/15/2021 11/15/2021 11/15/2021 3128MMT52 PAID DOWN PAR VALUE OF F H L M C GD G18571 2.500% 10/01/30 P & I DUE 11/15/21 (2,834.86)- - 2,834.86 (2,950.41)(115.55)- 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/15/2021 3128MMT52 INTEREST EARNED ON F H L M C GD G18571 2.500% 10/01/30 $1 PV ON 184.9700 SHARES DUE 11/15/2021 P & I DUE 11/15/21 - - - 184.97 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/15/2021 11/15/2021 11/15/2021 3128MMUL5 PAID DOWN PAR VALUE OF F H L M C GD G18586 2.500% 2/01/31 P & I DUE 11/15/21 (2,353.35)- - 2,353.35 (2,435.69)- (82.34) 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/15/2021 3128MMUL5 INTEREST EARNED ON F H L M C GD G18586 2.500% 2/01/31 $1 PV ON 178.3200 SHARES DUE 11/15/2021 P & I DUE 11/15/21 - - - 178.32 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/15/2021 31307NP40 INTEREST EARNED ON F H L M C GD J32243 3.000% 7/01/30 $1 PV ON 388.8900 SHARES DUE 11/15/2021 OCTOBER FHLMC DUE 11/15/21 - - - 388.89 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/15/2021 11/15/2021 11/15/2021 31307NP40 PAID DOWN PAR VALUE OF F H L M C GD J32243 3.000% 7/01/30 OCTOBER FHLMC DUE 11/15/21 (2,852.73)- - 2,852.73 (3,027.43)(174.70)- 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/15/2021 3137AQQE1 INTEREST EARNED ON F H L M C MLTCL MTG 1.500% 5/15/27 $1 PV ON 92.8000 SHARES DUE 11/15/2021 $0.00125/PV ON 74,243.40 PV DUE 11/15/21 - - - 92.80 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/15/2021 11/15/2021 11/15/2021 3137AQQE1 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 1.500% 5/15/27 (2,078.20)- - 2,078.20 (2,107.96)(29.76)- 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/15/2021 3137AYSH5 INTEREST EARNED ON F H L M C MLTCL MTG 1.750% 12/15/42 $1 PV ON 18.1900 SHARES DUE 11/15/2021 $0.00146/PV ON 12,472.60 PV DUE 11/15/21 - - - 18.19 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/15/2021 11/15/2021 11/15/2021 3137AYSH5 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 1.750% 12/15/42 (298.62)- - 298.62 (304.88)(6.26)- 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/15/2021 11/15/2021 11/15/2021 3137B6DF5 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.000% 11/15/26 (3,427.85)- - 3,427.85 (3,484.54)(56.69)- 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/15/2021 3137B6DF5 INTEREST EARNED ON F H L M C MLTCL MTG 2.000% 11/15/26 $1 PV ON 102.0400 SHARES DUE 11/15/2021 $0.00167/PV ON 61,226.26 PV DUE 11/15/21 - - - 102.04 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/15/2021 11/15/2021 11/15/2021 3137B9RN7 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.500% 12/15/27 (4,394.85)- - 4,394.85 (4,467.30)(72.45)- 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/15/2021 3137B9RN7 INTEREST EARNED ON F H L M C MLTCL MTG 2.500% 12/15/27 $1 PV ON 173.3500 SHARES DUE 11/15/2021 $0.00208/PV ON 83,208.78 PV DUE 11/15/21 - - - 173.35 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/15/2021 11/15/2021 11/15/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (894,328.50)1.00 -894,328.50 (894,328.50)- - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/15/2021 11/15/2021 11/15/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 1,332,856.44 1.00 -(1,332,856.44)1,332,856.44 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/15/2021 36176XE21 INTEREST EARNED ON G N M A #778953 3.000% 3/15/27 $1 PV ON 268.9400 SHARES DUE 11/15/2021 OCTOBER GNMA DUE 11/15/21 - - - 268.94 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/15/2021 11/15/2021 11/15/2021 36176XE21 PAID DOWN PAR VALUE OF G N M A #778953 3.000% 3/15/27 OCTOBER GNMA DUE 11/15/21 (3,812.33)- - 3,812.33 (3,927.33)- (115.00) 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/15/2021 53154LYF7 INTEREST EARNED ON LIBERTY UTILS CO DISC C P 11/15/21 $1 PV ON 850000.0000 SHARES DUE 11/15/2021 850,000 PAR VALUE AT 100 % - - - 22.67 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/15/2021 11/15/2021 11/15/2021 53154LYF7 MATURED PAR VALUE OF LIBERTY UTILS CO DISC C P 11/15/21 850,000 PAR VALUE AT 100 % (850,000.00)1.00 -849,977.33 (849,977.33)- - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/15/2021 11/15/2021 11/15/2021 69350AZH4 PURCHASED PAR VALUE OF PPG INDS INC DISC COML C P 12/17/21 /BOFA SECURITIES, INC./FXD INC/900,000 PAR VALUE AT 99.98666667 % 900,000.00 1.00 -(899,880.00)899,880.00 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/15/2021 912828XB1 INTEREST EARNED ON U S TREASURY NT 2.125% 5/15/25 $1 PV ON 1250000.0000 SHARES DUE 11/15/2021 - - - 13,281.25 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/15/2021 97670RYF6 INTEREST EARNED ON WISCONSIN GAS CO C P 11/15/21 $1 PV ON 850000.0000 SHARES DUE 11/15/2021 850,000 PAR VALUE AT 100 % - - - 14.87 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/15/2021 11/15/2021 11/15/2021 97670RYF6 MATURED PAR VALUE OF WISCONSIN GAS CO C P 11/15/21 850,000 PAR VALUE AT 100 % (850,000.00)1.00 -849,985.13 (849,985.13)- - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/16/2021 11/16/2021 11/16/2021 02665JYG9 MATURED PAR VALUE OF AMERICAN HONDA FIN CORP C P 11/16/21 900,000 PAR VALUE AT 100 % (900,000.00)1.00 -899,951.25 (899,951.25)- - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/16/2021 02665JYG9 INTEREST EARNED ON AMERICAN HONDA FIN CORP C P 11/16/21 $1 PV ON 900000.0000 SHARES DUE 11/16/2021 900,000 PAR VALUE AT 100 % - - - 48.75 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/16/2021 11/16/2021 11/16/2021 02665KB30 PURCHASED PAR VALUE OF AMERICAN HONDA FIN CORP C P 2/03/22 /BARCLAYS CAPITAL INC. FIXED IN/900,000 PAR VALUE AT 99.9605 % 900,000.00 1.00 -(899,644.50)899,644.50 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/16/2021 23337SYG3 INTEREST EARNED ON DTE GAS CO DISC COML C P 11/16/21 $1 PV ON 850000.0000 SHARES DUE 11/16/2021 850,000 PAR VALUE AT 100 % - - - 42.50 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/16/2021 11/16/2021 11/16/2021 23337SYG3 MATURED PAR VALUE OF DTE GAS CO DISC COML C P 11/16/21 850,000 PAR VALUE AT 100 % (850,000.00)1.00 -849,957.50 (849,957.50)- - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/16/2021 11/16/2021 11/16/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (899,899.50)1.00 -899,899.50 (899,899.50)- - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/16/2021 11/16/2021 11/16/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 2,168,343.96 1.00 -(2,168,343.96)2,168,343.96 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/16/2021 11/10/2021 11/16/2021 38376V2E6 PURCHASED PAR VALUE OF G N M A GTD REMIC 4.000% 7/16/39 /MILLENNIUM ADVISORS, LLC/63,723.26 PAR VALUE AT 104.59374666 % 63,723.26 1.05 -(66,650.54)66,650.54 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/16/2021 11/16/2021 38376V2E6 PAID ACCRUED INTEREST ON PURCHASE OF G N M A GTD REMIC 4.000% 7/16/39 - - - (106.21)- - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/16/2021 11/16/2021 11/16/2021 38378XP62 PAID DOWN PAR VALUE OF G N M A GTD REMIC 2.500% 5/16/55 (1,415.29)- - 1,415.29 (1,430.08)- (14.79) 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/16/2021 38378XP62 INTEREST EARNED ON G N M A GTD REMIC 2.500% 5/16/55 $1 PV ON 248.8400 SHARES DUE 11/16/2021 $0.00208/PV ON 119,442.21 PV DUE 11/16/21 - - - 248.84 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/16/2021 11/12/2021 11/16/2021 6500356Z6 PURCHASED PAR VALUE OF NEW YORK ST URBAN 2.550% 3/15/22 /CITIGROUP GLOBAL MARKETS INC./360,000 PAR VALUE AT 100.75 % 360,000.00 1.01 -(362,700.00)362,700.00 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/16/2021 11/16/2021 6500356Z6 PAID ACCRUED INTEREST ON PURCHASE OF NEW YORK ST URBAN 2.550% 3/15/22 - - - (1,555.50)- - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/16/2021 71112JYG3 INTEREST EARNED ON PEOPLES GAS LT COKE CO C P 11/16/21 $1 PV ON 850000.0000 SHARES DUE 11/16/2021 850,000 PAR VALUE AT 100 % - - - 14.17 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/16/2021 11/16/2021 11/16/2021 71112JYG3 MATURED PAR VALUE OF PEOPLES GAS LT COKE CO C P 11/16/21 850,000 PAR VALUE AT 100 % (850,000.00)1.00 -849,985.83 (849,985.83)- - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/16/2021 98162HAC4 INTEREST EARNED ON WORLD OMNI 1.700% 1/15/23 $1 PV ON 360000.0000 SHARES DUE 11/15/2021 - - - 255.00 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/17/2021 11/10/2021 11/15/2021 14316LAC7 PURCHASED PAR VALUE OF CARMAX AUTO OWNER 2.680% 3/15/24 /BOFA SECURITIES, INC./FXD INC/359,124.48 PAR VALUE AT 101.14453202 % 359,124.48 1.01 -(363,234.77)363,234.77 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/17/2021 11/15/2021 11/17/2021 14687AAM0 PURCHASED PAR VALUE OF CARVANA AUTO REC 0.280% 11/08/23 /NWSCUS33 DEUTSCHE BK SECS NY/45,985.64 PAR VALUE AT 99.99999935 % 45,985.64 1.00 -(45,985.64)45,985.64 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/17/2021 11/17/2021 14687AAM0 PAID ACCRUED INTEREST ON PURCHASE OF CARVANA AUTO REC 0.280% 11/08/23 - - - (3.22)- - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/17/2021 11/17/2021 11/17/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 737,254.39 1.00 -(737,254.39)737,254.39 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/17/2021 11/17/2021 11/17/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (1,194,117.60)1.00 -1,194,117.60 (1,194,117.60)- - Page 13 of 10251 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 91 CIP STAMP Portfolio Transaction Report by Account 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/17/2021 63616JYH9 INTEREST EARNED ON NATIONAL FUEL GAS CO C P 11/17/21 $1 PV ON 850000.0000 SHARES DUE 11/17/2021 850,000 PAR VALUE AT 100 % - - - 115.69 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/17/2021 11/17/2021 11/17/2021 63616JYH9 MATURED PAR VALUE OF NATIONAL FUEL GAS CO C P 11/17/21 850,000 PAR VALUE AT 100 % (850,000.00) 1.00 - 849,884.31 (849,884.31) - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/17/2021 11/17/2021 11/17/2021 66522TZ25 PURCHASED PAR VALUE OF NORTHERN ILL GAS CORP C P 12/02/21 /J.P. MORGAN SECURITIES LLC/900,000 PAR VALUE AT 99.99416667 % 900,000.00 1.00 - (899,947.50) 899,947.50 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/18/2021 11/16/2021 11/18/2021 22550UAB7 PURCHASED PAR VALUE OF CREDIT SUISSE AG 0.440% 2/02/24 /RCMCUS31 UNITED STATES/455,000 PAR VALUE AT 100.16 % 455,000.00 1.00 - (455,728.00) 455,728.00 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/18/2021 11/18/2021 22550UAB7 PAID ACCRUED INTEREST ON PURCHASE OF CREDIT SUISSE AG 0.440% 2/02/24 - - - (88.98) - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/18/2021 11/18/2021 11/18/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 66,756.75 1.00 - (66,756.75) 66,756.75 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/18/2021 64587AYJ7 INTEREST EARNED ON NEW JERSEY CO C P 11/18/21 $1 PV ON 850000.0000 SHARES DUE 11/18/2021 850,000 PAR VALUE AT 100 % - - - 26.44 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/18/2021 11/18/2021 11/18/2021 64587AYJ7 MATURED PAR VALUE OF NEW JERSEY CO C P 11/18/21 850,000 PAR VALUE AT 100 % (850,000.00) 1.00 - 849,973.56 (849,973.56) - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/18/2021 11/12/2021 11/18/2021 67908PBA3 PURCHASED PAR VALUE OF OKLAHOMA ST CAPITOL 0.453% 7/01/22 /J.P. MORGAN SECURITIES LLC/500,000 PAR VALUE AT 100 % 500,000.00 1.00 - (500,000.00) 500,000.00 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/19/2021 11/19/2021 11/19/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 1,292,612.13 1.00 - (1,292,612.13) 1,292,612.13 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/19/2021 11/16/2021 11/19/2021 46647PCA2 PURCHASED PAR VALUE OF JPMORGAN CHASE CO 0.62923% 3/16/24 /MSNYUS33 MORGAN STANLEY NY/455,000 PAR VALUE AT 100.413 % 455,000.00 1.00 - (456,879.15) 456,879.15 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/19/2021 11/19/2021 46647PCA2 PAID ACCRUED INTEREST ON PURCHASE OF JPMORGAN CHASE CO 0.62923% 3/16/24 - - - (508.72) - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/19/2021 11/19/2021 11/19/2021 63743CYK3 MATURED PAR VALUE OF NATIONAL RURAL UTILS C P 11/19/21 850,000 PAR VALUE AT 100 % (850,000.00) 1.00 - 849,955.38 (849,955.38) - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/19/2021 63743CYK3 INTEREST EARNED ON NATIONAL RURAL UTILS C P 11/19/21 $1 PV ON 850000.0000 SHARES DUE 11/19/2021 850,000 PAR VALUE AT 100 % - - - 44.62 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/19/2021 92780JYK1 INTEREST EARNED ON VIRGINIA ELEC PWR CO C P 11/19/21 $1 PV ON 900000.0000 SHARES DUE 11/19/2021 900,000 PAR VALUE AT 100 % - - - 17.50 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/19/2021 11/19/2021 11/19/2021 92780JYK1 MATURED PAR VALUE OF VIRGINIA ELEC PWR CO C P 11/19/21 900,000 PAR VALUE AT 100 % (900,000.00) 1.00 - 899,982.50 (899,982.50) - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/22/2021 CASH RECEIPT TRANSFER FROM INCOME 1 - - - 806.86 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/22/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL 1 - - - (806.86) - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/22/2021 11/22/2021 11/22/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (936,723.32) 1.00 - 936,723.32 (936,723.32) - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/22/2021 11/17/2021 11/18/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (66,756.75) 1.00 - 66,756.75 (66,756.75) - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/22/2021 11/18/2021 11/18/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (105,816.98) 1.00 - 105,816.98 (105,816.98) - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/22/2021 11/22/2021 11/22/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 3,083.31 1.00 - (3,083.31) 3,083.31 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/22/2021 36179MU32 INTEREST EARNED ON G N M A I I #MA0602 3.000% 12/20/27 $1 PV ON 160.6000 SHARES DUE 11/20/2021 OCTOBER GNMA DUE 11/20/21 - - - 160.60 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/22/2021 11/20/2021 11/22/2021 36179MU32 PAID DOWN PAR VALUE OF G N M A I I #MA0602 3.000% 12/20/27 OCTOBER GNMA DUE 11/20/21 (1,947.16) - - 1,947.16 (2,015.71) - (68.55) 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/22/2021 36179NAH1 INTEREST EARNED ON G N M A I I #MA0908 2.500% 4/20/28 $1 PV ON 214.1000 SHARES DUE 11/20/2021 P & I DUE 11/20/21 - - - 214.10 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/22/2021 11/20/2021 11/22/2021 36179NAH1 PAID DOWN PAR VALUE OF G N M A I I #MA0908 2.500% 4/20/28 P & I DUE 11/20/21 (2,869.21) - - 2,869.21 (2,967.84) (98.63) - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/22/2021 36179NHK7 INTEREST EARNED ON G N M A I I #MA1134 3.000% 7/20/28 $1 PV ON 287.4700 SHARES DUE 11/20/2021 OCTOBER GNMA DUE 11/20/21 - - - 287.47 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/22/2021 11/20/2021 11/22/2021 36179NHK7 PAID DOWN PAR VALUE OF G N M A I I #MA1134 3.000% 7/20/28 OCTOBER GNMA DUE 11/20/21 (4,393.04) - - 4,393.04 (4,512.52) - (119.48) 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/22/2021 36179RHM4 INTEREST EARNED ON G N M A I I #MA2936 3.500% 7/20/30 $1 PV ON 170.3800 SHARES DUE 11/20/2021 OCTOBER GNMA DUE 11/20/21 - - - 170.38 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/22/2021 11/20/2021 11/22/2021 36179RHM4 PAID DOWN PAR VALUE OF G N M A I I #MA2936 3.500% 7/20/30 OCTOBER GNMA DUE 11/20/21 (1,326.06) - - 1,326.06 (1,386.52) - (60.46) 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/22/2021 36179TF83 INTEREST EARNED ON G N M A I I #MA4691 3.500% 9/20/32 $1 PV ON 170.3300 SHARES DUE 11/20/2021 OCTOBER GNMA DUE 11/20/21 - - - 170.33 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/22/2021 11/20/2021 11/22/2021 36179TF83 PAID DOWN PAR VALUE OF G N M A I I #MA4691 3.500% 9/20/32 OCTOBER GNMA DUE 11/20/21 (1,942.00) - - 1,942.00 (2,040.85) - (98.85) 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/22/2021 11/22/2021 38141GXW9 PAID ACCRUED INTEREST ON PURCHASE OF GOLDMAN SACHS 0.62926% 3/08/24 - - - (596.31) - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/22/2021 11/18/2021 11/22/2021 38141GXW9 PURCHASED PAR VALUE OF GOLDMAN SACHS 0.62926% 3/08/24 /WFSLUS33 WELLS FARGO CHARL NC/455,000 PAR VALUE AT 100.0879011 % 455,000.00 1.00 - (455,399.95) 455,399.95 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/22/2021 11/20/2021 11/22/2021 38376WA62 PAID DOWN PAR VALUE OF G N M A GTD REMIC 4.000% 10/20/39 (3,473.47) - - 3,473.47 (2,924.97) - 548.50 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/22/2021 38376WA62 INTEREST EARNED ON G N M A GTD REMIC 4.000% 10/20/39 $1 PV ON 287.2300 SHARES DUE 11/20/2021 $0.00333/PV ON 86,168.58 PV DUE 11/20/21 - - - 287.23 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/22/2021 11/20/2021 11/22/2021 38378FRB8 PAID DOWN PAR VALUE OF G N M A GTD REMIC 2.000% 7/20/42 (3,383.31) - - 3,383.31 (3,333.62) - 49.69 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/22/2021 38378FRB8 INTEREST EARNED ON G N M A GTD REMIC 2.000% 7/20/42 $1 PV ON 190.2700 SHARES DUE 11/20/2021 $0.00167/PV ON 114,160.10 PV DUE 11/20/21 - - - 190.27 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/22/2021 11/16/2021 11/22/2021 404280CZ0 PURCHASED PAR VALUE OF HSBC HLDGS PLC 0.00001% 11/22/24 /MTGSUS6SFIC BOFA SECS NEW YORK/200,000 PAR VALUE AT 100.004 % 200,000.00 1.00 - (200,008.00) 200,008.00 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/22/2021 11/17/2021 11/22/2021 404280CZ0 PURCHASED PAR VALUE OF HSBC HLDGS PLC 0.00001% 11/22/24 /MHSCUS33 MIZUHO SECS USA NY/250,000 PAR VALUE AT 100.0867 % 250,000.00 1.00 - (250,216.75) 250,216.75 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/22/2021 92347YAC8 INTEREST EARNED ON VERIZON OWNER TRUST 3.020% 9/20/23 $1 PV ON 1082.1700 SHARES DUE 11/20/2021 $0.00252/PV ON 430,000.00 PV DUE 11/20/21 - - - 1,082.17 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/23/2021 CASH RECEIPT TRANSFER FROM INCOME 1 - - - 310.35 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/23/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL 1 - - - (310.35) - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/23/2021 11/23/2021 11/23/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (500,974.15) 1.00 - 500,974.15 (500,974.15) - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/23/2021 11/23/2021 11/23/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 3,000,000.00 1.00 - (3,000,000.00) 3,000,000.00 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/23/2021 11/23/2021 11/23/2021 60678MZL3 PURCHASED PAR VALUE OF MITSUBISHI HC CAP AMER C P 12/20/21 /CITIGROUP GLOBAL MARKETS INC/900,000 PAR VALUE AT 99.97975 % 900,000.00 1.00 - (899,817.75) 899,817.75 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/23/2021 912796N70 INTEREST EARNED ON U S TREASURY BILL 11/23/21 $1 PV ON 3000000.0000 SHARES DUE 11/23/2021 3,000,000 PAR VALUE AT 100 % - - - 96.25 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/23/2021 11/23/2021 11/23/2021 912796N70 MATURED PAR VALUE OF U S TREASURY BILL 11/23/21 3,000,000 PAR VALUE AT 100 % (3,000,000.00) 1.00 - 2,999,903.75 (2,999,903.75) - - Page 14 of 10252 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 91 CIP STAMP Portfolio Transaction Report by Account 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL 1 - - - (6,061.64) - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 CASH RECEIPT PRINCIPAL DUE 3137BVZ74 11/25/21 PAYDOWN - - - 1,842.42 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 CASH RECEIPT TRANSFER FROM INCOME 1 - - - 6,061.64 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 3132A8GL7 INTEREST EARNED ON F H L M C #ZS7403 3.000% 5/01/31 $1 PV ON 169.3400 SHARES DUE 11/25/2021 OCTOBER FHLMC DUE 11/25/21 - - - 169.34 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 11/25/2021 11/26/2021 3132A8GL7 PAID DOWN PAR VALUE OF F H L M C #ZS7403 3.000% 5/01/31 OCTOBER FHLMC DUE 11/25/21 (1,688.72) - - 1,688.72 (1,787.14) (98.42) - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 3132A9T64 INTEREST EARNED ON F H L M C #ZS8673 3.000% 10/01/32 $1 PV ON 261.6000 SHARES DUE 11/25/2021 OCTOBER FHLMC DUE 11/25/21 - - - 261.60 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 11/25/2021 11/26/2021 3132A9T64 PAID DOWN PAR VALUE OF F H L M C #ZS8673 3.000% 10/01/32 OCTOBER FHLMC DUE 11/25/21 (3,609.96) - - 3,609.96 (3,761.81) - (151.85) 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 3132AEF68 INTEREST EARNED ON F H L M C #ZT1989 3.500% 1/01/33 $1 PV ON 361.7700 SHARES DUE 11/25/2021 P & I DUE 11/25/21 - - - 361.77 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 11/25/2021 11/26/2021 3132AEF68 PAID DOWN PAR VALUE OF F H L M C #ZT1989 3.500% 1/01/33 P & I DUE 11/25/21 (3,168.84) - - 3,168.84 (3,405.11) (236.27) - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 3132D9C93 INTEREST EARNED ON F H L M C #SC0096 3.000% 10/01/40 $1 PV ON 379.9000 SHARES DUE 11/25/2021 OCTOBER FHLMC DUE 11/25/21 - - - 379.90 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 11/25/2021 11/26/2021 3132D9C93 PAID DOWN PAR VALUE OF F H L M C #SC0096 3.000% 10/01/40 OCTOBER FHLMC DUE 11/25/21 (2,835.44) - - 2,835.44 (3,006.61) (171.17) - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 3136AQZK9 INTEREST EARNED ON F N M A GTD REMIC 2.000% 11/25/31 $1 PV ON 104.9500 SHARES DUE 11/25/2021 $0.00167/PV ON 62,969.35 PV DUE 11/25/21 - - - 104.95 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 11/25/2021 11/26/2021 3136AQZK9 PAID DOWN PAR VALUE OF F N M A GTD REMIC 2.000% 11/25/31 (1,421.46) - - 1,421.46 (1,459.97) (38.51) - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 3137AUPE3 INTEREST EARNED ON F H L M C MLTCL MT 2.396% 6/25/22 $1 PV ON 292.9700 SHARES DUE 11/25/2021 $0.00200/PV ON 147,104.58 PV DUE 11/25/21 - - - 292.97 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 11/25/2021 11/26/2021 3137AUPE3 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 2.396% 6/25/22 (358.34) - - 358.34 (347.68) - 10.66 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 11/22/2021 3137AXHP1 RECEIVED ACCRUED INTEREST ON SALE OF F H L M C MLTCL MT 2.573% 9/25/22 - - - 209.45 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 11/17/2021 11/22/2021 3137AXHP1 SOLD PAR VALUE OF F H L M C MLTCL MT 2.573% 9/25/22 /BARCUS3B BARCLAYS CAP WHIPPANY/139,546.82 PAR VALUE AT 101.41015754 % (139,546.82) 1.01 - 141,514.65 (141,301.36) - 213.29 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 11/12/2021 3137BLUR7 PAID ACCRUED INTEREST ON PURCHASE OF F H L M C MLTCL MT 2.716% 6/25/22 - - - (360.60) - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 11/08/2021 11/12/2021 3137BLUR7 PURCHASED PAR VALUE OF F H L M C MLTCL MT 2.716% 6/25/22 /RBAIUS41 MILWAUKEE USA/434,513.34 PAR VALUE AT 100.7734377 % 434,513.34 1.01 - (437,874.03) 437,874.03 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 11/22/2021 3137BVZ74 RECEIVED ACCRUED INTEREST ON SALE OF F H L M C MLTCL MTG 3.045% 8/25/26 - - - 437.28 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 3137BVZ74 INTEREST EARNED ON F H L M C MLTCL MTG 3.045% 8/25/26 $1 PV ON 249906.2100 SHARES DUE 11/25/2021 - - - 629.37 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 11/17/2021 11/22/2021 3137BVZ74 SOLD PAR VALUE OF F H L M C MLTCL MTG 3.045% 8/25/26 /MUSCUS33 MITSUBISHI UFJ SEC./246,184.33 PAR VALUE AT 104.46874909 % (246,184.33) 1.04 - 257,185.69 (260,121.01) - (2,935.32) 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 3137FBAB2 INTEREST EARNED ON F H L M C MLTCL MT 2.77704% 8/25/27 $1 PV ON 303.8000 SHARES DUE 11/25/2021 $0.00253/PV ON 120,000.00 PV DUE 11/25/21 - - - 303.80 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 3137FBAJ5 INTEREST EARNED ON F H L M C MLTCL MT 3.52704% 8/25/27 $1 PV ON 546.8400 SHARES DUE 11/25/2021 $0.00273/PV ON 200,000.00 PV DUE 11/25/21 - - - 546.84 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 3137FMD66 INTEREST EARNED ON F H L M C MLTCL MT 2.283% 5/25/26 $1 PV ON 1100.3800 SHARES DUE 11/25/2021 $0.01947/PV ON 66,221.20 PV DUE 11/25/21 - - - 1,100.38 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 11/25/2021 11/26/2021 3137FMD66 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 2.283% 5/25/26 (19,139.97) - - 19,139.97 (19,938.34) - (798.37) 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 3137FNAD2 INTEREST EARNED ON F H L M C MLTCL MT 2.87496% 11/25/28 $1 PV ON 285.4600 SHARES DUE 11/25/2021 $0.00219/PV ON 130,379.67 PV DUE 11/25/21 - - - 285.46 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 11/25/2021 11/26/2021 3137FNAD2 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 2.87496% 11/25/28 (168.19) - - 168.19 (170.77) - (2.58) 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 3137FPJF3 INTEREST EARNED ON F H L M C MLTCL MT 2.258% 6/25/29 $1 PV ON 334.3200 SHARES DUE 11/25/2021 $0.00188/PV ON 178,080.05 PV DUE 11/25/21 - - - 334.32 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 11/25/2021 11/26/2021 3137FPJF3 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 2.258% 6/25/29 (381.98) - - 381.98 (383.39) - (1.41) 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 3137FQ3Y7 INTEREST EARNED ON F H L M C MLTCL MT 2.51196% 7/25/29 $1 PV ON 325.5900 SHARES DUE 11/25/2021 $0.00183/PV ON 178,812.54 PV DUE 11/25/21 - - - 325.59 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 11/25/2021 11/26/2021 3137FQ3Y7 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 2.51196% 7/25/29 (433.75) - - 433.75 (433.87) - (0.12) 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 11/25/2021 11/26/2021 3137FWHY9 PAID DOWN PAR VALUE OF F H L M C MLTCL 0.826% 9/25/30 (986.43) - - 986.43 (981.50) - 4.93 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 3137FWHY9 INTEREST EARNED ON F H L M C MLTCL 0.826% 9/25/30 $1 PV ON 129.1900 SHARES DUE 11/25/2021 $0.00069/PV ON 187,602.50 PV DUE 11/25/21 - - - 129.19 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 3138LFGP7 INTEREST EARNED ON F N M A #AN2905 2.550% 10/01/28 $1 PV ON 593.4600 SHARES DUE 11/25/2021 OCTOBER FNMA DUE 11/25/21 - - - 593.46 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 11/25/2021 11/26/2021 3138LFGP7 PAID DOWN PAR VALUE OF F N M A #AN2905 2.550% 10/01/28 OCTOBER FNMA DUE 11/25/21 (385.69) - - 385.69 (396.28) - (10.59) 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 3140J6FU6 INTEREST EARNED ON F N M A #BM1978 3.000% 10/01/32 $1 PV ON 186.1400 SHARES DUE 11/25/2021 OCTOBER FNMA DUE 11/25/21 - - - 186.14 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 11/25/2021 11/26/2021 3140J6FU6 PAID DOWN PAR VALUE OF F N M A #BM1978 3.000% 10/01/32 OCTOBER FNMA DUE 11/25/21 (1,308.77) - - 1,308.77 (1,380.96) - (72.19) 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 3140X4H90 INTEREST EARNED ON F N M A #FM1155 2.500% 6/01/32 $1 PV ON 253.0800 SHARES DUE 11/25/2021 P & I DUE 11/25/21 - - - 253.08 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 11/25/2021 11/26/2021 3140X4H90 PAID DOWN PAR VALUE OF F N M A #FM1155 2.500% 6/01/32 P & I DUE 11/25/21 (3,663.74) - - 3,663.74 (3,839.78) (176.04) - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 3140X7LS6 INTEREST EARNED ON F N M A #FM3936 2.500% 8/01/35 $1 PV ON 232.8100 SHARES DUE 11/25/2021 P & I DUE 11/25/21 - - - 232.81 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 11/25/2021 11/26/2021 3140X7LS6 PAID DOWN PAR VALUE OF F N M A #FM3936 2.500% 8/01/35 P & I DUE 11/25/21 (3,576.70) - - 3,576.70 (3,743.38) (166.68) - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 31417YKF3 INTEREST EARNED ON F N M A #MA0293 4.500% 1/01/30 $1 PV ON 261.1200 SHARES DUE 11/25/2021 OCTOBER FNMA DUE 11/25/21 - - - 261.12 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 11/25/2021 11/26/2021 31417YKF3 PAID DOWN PAR VALUE OF F N M A #MA0293 4.500% 1/01/30 OCTOBER FNMA DUE 11/25/21 (1,850.48) - - 1,850.48 (966.24) - 884.24 Page 15 of 10253 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 91 CIP STAMP Portfolio Transaction Report by Account 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 31418DQ47 INTEREST EARNED ON F N M A #MA4074 2.000% 6/01/35 $1 PV ON 282.6800 SHARES DUE 11/25/2021 OCTOBER FNMA DUE 11/25/21 - - - 282.68 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 11/25/2021 11/26/2021 31418DQ47 PAID DOWN PAR VALUE OF F N M A #MA4074 2.000% 6/01/35 OCTOBER FNMA DUE 11/25/21 (5,633.52)- - 5,633.52 (5,812.13)(178.61)- 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 31418DVU3 INTEREST EARNED ON F N M A #MA4226 2.000% 12/01/30 $1 PV ON 241.3300 SHARES DUE 11/25/2021 OCTOBER FNMA DUE 11/25/21 - - - 241.33 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 11/25/2021 11/26/2021 31418DVU3 PAID DOWN PAR VALUE OF F N M A #MA4226 2.000% 12/01/30 OCTOBER FNMA DUE 11/25/21 (3,613.35)- - 3,613.35 (3,750.73)(137.38)- 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 31418DXH0 INTEREST EARNED ON F N M A #MA4279 2.000% 3/01/36 $1 PV ON 262.5700 SHARES DUE 11/25/2021 OCTOBER FNMA DUE 11/25/21 - - - 262.57 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 11/25/2021 11/26/2021 31418DXH0 PAID DOWN PAR VALUE OF F N M A #MA4279 2.000% 3/01/36 OCTOBER FNMA DUE 11/25/21 (3,231.31)- - 3,231.31 (3,338.99)(107.68)- 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 11/26/2021 11/26/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 21,979.61 1.00 -(21,979.61)21,979.61 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/26/2021 11/26/2021 11/26/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 53,109.00 1.00 -(53,109.00)53,109.00 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/29/2021 CASH RECEIPT TRANSFER FROM INCOME 1 - - - 1,482.03 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/29/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL 1 - - - (1,482.03)- - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/29/2021 3136ADZA0 INTEREST EARNED ON F N M A GTD REMIC 1.250% 4/25/28 $1 PV ON 93.6900 SHARES DUE 11/25/2021 $0.00104/PV ON 89,941.08 PV DUE 11/25/21 - - - 93.69 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/29/2021 11/25/2021 11/29/2021 3136ADZA0 PAID DOWN PAR VALUE OF F N M A GTD REMIC 1.250% 4/25/28 (2,805.88)- - 2,805.88 (2,833.37)(27.49)- 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/29/2021 11/29/2021 11/29/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 2,328.48 1.00 -(2,328.48)2,328.48 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/29/2021 11/29/2021 11/29/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 176.16 1.00 -(176.16)176.16 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/29/2021 11/18/2021 11/22/2021 842400HC0 PURCHASED PAR VALUE OF SOUTHERN CA EDISON 0.89867% 4/01/24 /MSNYUS33 MORGAN STANLEY NY/450,000 PAR VALUE AT 100.213 % 450,000.00 1.00 -(450,958.50)450,958.50 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/29/2021 11/22/2021 842400HC0 PAID ACCRUED INTEREST ON PURCHASE OF SOUTHERN CA EDISON 0.89867% 4/01/24 - - - (571.09)- - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/30/2021 11/30/2021 11/30/2021 22533TZF6 PURCHASED PAR VALUE OF CREDIT AGRICOLE CORP C P 12/15/21 /BARCLAYS CAPITAL INC. FIXED IN/900,000 PAR VALUE AT 99.99645778 % 900,000.00 1.00 -(899,968.12)899,968.12 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/30/2021 11/25/2021 11/30/2021 3137AXHP1 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 2.573% 9/25/22 (361.96)- - 361.96 (366.51)- (4.55) 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/30/2021 3137AXHP1 INTEREST EARNED ON F H L M C MLTCL MT 2.573% 9/25/22 $1 PV ON 299.9900 SHARES DUE 11/25/2021 $0.00214/PV ON 453.18 PV DUE 11/25/21 - - - 299.99 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/30/2021 11/30/2021 11/30/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 3,000,000.00 1.00 -(3,000,000.00)3,000,000.00 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/30/2021 11/30/2021 11/30/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (2,699,249.17)1.00 -2,699,249.17 (2,699,249.17)- - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/30/2021 11/30/2021 11/30/2021 63743CZG1 PURCHASED PAR VALUE OF NATIONAL RURAL UTILS C P 12/16/21 /J.P. MORGAN SECURITIES LLC/900,000 PAR VALUE AT 99.996 % 900,000.00 1.00 -(899,964.00)899,964.00 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/30/2021 912796N88 INTEREST EARNED ON U S TREASURY BILL 11/30/21 $1 PV ON 3000000.0000 SHARES DUE 11/30/2021 3,000,000 PAR VALUE AT 100 % - - - 126.87 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/30/2021 11/30/2021 11/30/2021 912796N88 MATURED PAR VALUE OF U S TREASURY BILL 11/30/21 3,000,000 PAR VALUE AT 100 % (3,000,000.00)1.00 -2,999,873.13 (2,999,873.13)- - 226122002 RCTC 2021 SER B SR BDS RES ACCT 11/30/2021 11/30/2021 11/30/2021 97670RZ73 PURCHASED PAR VALUE OF WISCONSIN GAS CO DISC C P 12/07/21 /J.P. MORGAN SECURITIES LLC/900,000 PAR VALUE AT 99.99766667 % 900,000.00 1.00 -(899,979.00)899,979.00 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/01/2021 11/30/2021 12/01/2021 02530JZH9 PURCHASED PAR VALUE OF AMERICAN CRYSTAL SUGAR C P 12/17/21 /WFSLUS33 WELLS FARGO CHARL NC/900,000 PAR VALUE AT 99.992 % 900,000.00 1.00 -(899,928.00)899,928.00 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/01/2021 11/30/2021 12/01/2021 04830GZM7 PURCHASED PAR VALUE OF ATLANTIC CITY ELEC CO C P 12/21/21 /BOFA SECURITIES, INC./FXD INC/900,000 PAR VALUE AT 99.99222222 % 900,000.00 1.00 -(899,930.00)899,930.00 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/01/2021 11/10/2021 12/01/2021 235241VW3 PURCHASED PAR VALUE OF DALLAS TX 4.000% 12/01/22 /RCMCUS31 UNITED STATES/520,000 PAR VALUE AT 103.657 % 520,000.00 1.04 -(539,016.40)539,016.40 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/01/2021 12/01/2021 12/01/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (824,985.56)1.00 -824,985.56 (824,985.56)- - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/01/2021 12/01/2021 12/01/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (11,928,554.38)1.00 -11,928,554.38 (11,928,554.38)- - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/01/2021 31846V203 INTEREST EARNED ON FIRST AM GOVT OB FD CL Y UNIT ON 0.0000 SHARES DUE 11/30/2021 INTEREST FROM 11/1/21 TO 11/30/21 - - - 64.06 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/01/2021 11/18/2021 12/01/2021 575625AT5 PURCHASED PAR VALUE OF MASSACHUSETTS CLEAN 0.576% 7/01/22 /PIPER SANDLER & CO/440,000 PAR VALUE AT 100 % 440,000.00 1.00 -(440,000.00)440,000.00 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/01/2021 11/30/2021 12/01/2021 63743CZG1 PURCHASED PAR VALUE OF NATIONAL RURAL UTILS C P 12/16/21 /RCMCUS31 UNITED STATES/900,000 PAR VALUE AT 99.99625 % 900,000.00 1.00 -(899,966.25)899,966.25 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/01/2021 11/30/2021 12/01/2021 63873JZ86 PURCHASED PAR VALUE OF NATIXIS N Y BRH DISC C P 12/08/21 /JPMSUS3X JP MORGAN SEC NY/825,000 PAR VALUE AT 99.9982497 % 825,000.00 1.00 -(824,985.56)824,985.56 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/01/2021 11/30/2021 12/01/2021 64587AZ72 PURCHASED PAR VALUE OF NEW JERSEY NAT GAS CO C P 12/07/21 /WFSLUS33 WELLS FARGO CHARL NC/900,000 PAR VALUE AT 99.9975 % 900,000.00 1.00 -(899,977.50)899,977.50 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/01/2021 11/30/2021 12/01/2021 912796Q85 PURCHASED PAR VALUE OF U S TREASURY BILL 1/25/22 /JPMSUS3X JP MORGAN SEC NY/3,000,000 PAR VALUE AT 99.99388867 % 3,000,000.00 1.00 -(2,999,816.66)2,999,816.66 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/01/2021 12/01/2021 91282CCQ2 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 0.00001% 7/31/23 - - - (169.23)- - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/01/2021 11/30/2021 12/01/2021 91282CCQ2 PURCHASED PAR VALUE OF U S TREASURY NT 0.00001% 7/31/23 /MHSCUS33 MIZUHO SECS USA NY/2,550,000 PAR VALUE AT 100.00673882 % 2,550,000.00 1.00 -(2,550,171.84)2,550,171.84 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/01/2021 11/30/2021 12/01/2021 92780KAA6 PURCHASED PAR VALUE OF VIRGINIA ELEC PWR CO C P 1/10/22 /JPMSUS3X JP MORGAN SEC NY/900,000 PAR VALUE AT 99.98 % 900,000.00 1.00 -(899,820.00)899,820.00 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/01/2021 11/30/2021 12/01/2021 93884FAC6 PURCHASED PAR VALUE OF WASHINGTON GAS LT CO C P 1/12/22 /WFSLUS33 WELLS FARGO CHARL NC/900,000 PAR VALUE AT 99.97316667 % 900,000.00 1.00 -(899,758.50)899,758.50 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/02/2021 11/30/2021 12/02/2021 06051GGJ2 PURCHASED PAR VALUE OF BANK OF AMERICA 1.25886% 4/24/23 /MTGSUS6SFIC BOFA SECS NEW YORK/725,000 PAR VALUE AT 100.31750069 % 725,000.00 1.00 -(727,301.88)727,301.88 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/02/2021 12/02/2021 06051GGJ2 PAID ACCRUED INTEREST ON PURCHASE OF BANK OF AMERICA 1.25886% 4/24/23 - - - (860.08)- - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/02/2021 12/02/2021 14042WAC4 PAID ACCRUED INTEREST ON PURCHASE OF CAPITAL ONE PRIME 2.510% 11/15/23 - - - (68.53)- - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/02/2021 12/02/2021 14042WAC4 PAID ACCRUED INTEREST ON PURCHASE OF CAPITAL ONE PRIME 2.510% 11/15/23 - - - (8.84)- - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/02/2021 12/02/2021 14042WAC4 PAID ACCRUED INTEREST ON PURCHASE OF CAPITAL ONE PRIME 2.510% 11/15/23 - - - (33.16)- - - Page 16 of 10254 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 91 CIP STAMP Portfolio Transaction Report by Account 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/02/2021 11/30/2021 12/02/2021 14042WAC4 PURCHASED PAR VALUE OF CAPITAL ONE PRIME 2.510% 11/15/23 /JPMSUS3X JP MORGAN SEC NY/7,460.07 PAR VALUE AT 100.7421328 % 7,460.07 1.01 - (7,515.43) 7,515.43 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/02/2021 11/30/2021 12/02/2021 14042WAC4 PURCHASED PAR VALUE OF CAPITAL ONE PRIME 2.510% 11/15/23 /RCMCUS31 UNITED STATES/57,815.51 PAR VALUE AT 100.75781631 % 57,815.51 1.01 - (58,253.65) 58,253.65 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/02/2021 11/30/2021 12/02/2021 14042WAC4 PURCHASED PAR VALUE OF CAPITAL ONE PRIME 2.510% 11/15/23 /MUSCUS33 MITSUBISHI UFJ SEC./27,975.25 PAR VALUE AT 100.74219536 % 27,975.25 1.01 - (28,182.88) 28,182.88 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/02/2021 12/02/2021 172967KX8 PAID ACCRUED INTEREST ON PURCHASE OF CITIGROUP INC 1.54988% 9/01/23 - - - (21.52) - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/02/2021 11/30/2021 12/02/2021 172967KX8 PURCHASED PAR VALUE OF CITIGROUP INC 1.54988% 9/01/23 /MSNYUS33 MORGAN STANLEY NY/500,000 PAR VALUE AT 100.8116 % 500,000.00 1.01 - (504,058.00) 504,058.00 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/02/2021 12/02/2021 12/02/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (1,415,756.80) 1.00 - 1,415,756.80 (1,415,756.80) - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/02/2021 11/30/2021 12/02/2021 60687YAN9 PURCHASED PAR VALUE OF MIZUHO FINANCIAL 1.08088% 9/11/22 /MHSCUS33 MIZUHO SECS USA NY/450,000 PAR VALUE AT 100.5081 % 450,000.00 1.01 - (452,286.45) 452,286.45 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/02/2021 12/02/2021 60687YAN9 PAID ACCRUED INTEREST ON PURCHASE OF MIZUHO FINANCIAL 1.08088% 9/11/22 - - - (994.13) - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/02/2021 12/02/2021 65479HAC1 PAID ACCRUED INTEREST ON PURCHASE OF NISSAN AUTO 2.500% 11/15/23 - - - (5.31) - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/02/2021 12/02/2021 65479HAC1 PAID ACCRUED INTEREST ON PURCHASE OF NISSAN AUTO 2.500% 11/15/23 - - - (206.96) - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/02/2021 11/30/2021 12/02/2021 65479HAC1 PURCHASED PAR VALUE OF NISSAN AUTO 2.500% 11/15/23 /CL KING/4,495.01 PAR VALUE AT 100.84375056 % 4,495.01 1.01 - (4,532.94) 4,532.94 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/02/2021 11/30/2021 12/02/2021 65479HAC1 PURCHASED PAR VALUE OF NISSAN AUTO 2.500% 11/15/23 /BARCUS3B BARCLAYS CAP WHIPPANY/175,305.52 PAR VALUE AT 100.89062411 % 175,305.52 1.01 - (176,866.83) 176,866.83 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/02/2021 12/02/2021 12/02/2021 66522TZ25 MATURED PAR VALUE OF NORTHERN ILL GAS CORP C P 12/02/21 900,000 PAR VALUE AT 100 % (900,000.00) 1.00 - 899,947.50 (899,947.50) - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/02/2021 66522TZ25 INTEREST EARNED ON NORTHERN ILL GAS CORP C P 12/02/21 $1 PV ON 900000.0000 SHARES DUE 12/2/2021 900,000 PAR VALUE AT 100 % - - - 52.50 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/02/2021 11/30/2021 12/02/2021 78015K7K4 PURCHASED PAR VALUE OF ROYAL BK OF MTN 0.49696% 10/26/23 /MORGAN STANLEY & CO. LLC/450,000 PAR VALUE AT 100.4195 % 450,000.00 1.00 - (451,887.75) 451,887.75 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/02/2021 12/02/2021 78015K7K4 PAID ACCRUED INTEREST ON PURCHASE OF ROYAL BK OF MTN 0.49696% 10/26/23 - - - (231.13) - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/03/2021 26055AZ33 INTEREST EARNED ON DOW CHEM CO DISC COML C P 12/03/21 $1 PV ON 900000.0000 SHARES DUE 12/3/2021 900,000 PAR VALUE AT 100 % - - - 73.50 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/03/2021 12/03/2021 12/03/2021 26055AZ33 MATURED PAR VALUE OF DOW CHEM CO DISC COML C P 12/03/21 900,000 PAR VALUE AT 100 % (900,000.00) 1.00 - 899,926.50 (899,926.50) - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/03/2021 12/03/2021 12/03/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 722,379.49 1.00 - (722,379.49) 722,379.49 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/03/2021 12/01/2021 12/03/2021 80285RAE8 PURCHASED PAR VALUE OF SANTANDER DRIVE 0.960% 11/15/24 /BNP PARIBAS SECURITIES BOND/80,000 PAR VALUE AT 100.109375 % 80,000.00 1.00 - (80,087.50) 80,087.50 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/03/2021 12/03/2021 80285RAE8 PAID ACCRUED INTEREST ON PURCHASE OF SANTANDER DRIVE 0.960% 11/15/24 - - - (38.40) - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/07/2021 12/07/2021 12/07/2021 23337SZT4 PURCHASED PAR VALUE OF DTE GAS CO DISC COML C P 12/27/21 /BARCLAYS CAPITAL INC. FIXED IN/900,000 PAR VALUE AT 99.99388889 % 900,000.00 1.00 - (899,945.00) 899,945.00 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/07/2021 11/15/2021 11/15/2021 3137AYSH5 PAID DOWN-RV PAR VALUE OF F H L M C MLTCL MTG 1.750% 12/15/42 298.62 - - (298.62) 304.88 6.26 - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/07/2021 10/15/2021 12/07/2021 3137AYSH5 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 1.750% 12/15/42 (3,051.35) - - 3,051.35 (3,114.82) (63.47) - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/07/2021 11/15/2021 12/07/2021 3137AYSH5 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 1.750% 12/15/42 (298.62) - - 298.62 (304.83) (6.21) - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/07/2021 11/15/2021 12/07/2021 3137AYSH5 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 1.750% 12/15/42 (2,687.59) - - 2,687.59 (2,743.49) (55.90) - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/07/2021 3137AYSH5 INTEREST EARNED ON F H L M C MLTCL MTG 1.750% 12/15/42 $1 PV ON 163.7000 SHARES DUE 11/15/2021 $0.00146/PV ON 124,427.36 PV DUE 11/15/21 - - - 163.70 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/07/2021 3137AYSH5 INTEREST EARNED ON F H L M C MLTCL MTG 1.750% 12/15/42 $1 PV ON 18.1900 SHARES DUE 11/15/2021 - - - (18.19) - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/07/2021 3137AYSH5 INTEREST EARNED ON F H L M C MLTCL MTG 1.750% 12/15/42 $1 PV ON 186.3400 SHARES DUE 10/15/2021 $0.00146/PV ON 127,777.33 PV DUE 10/15/21 - - - 186.34 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/07/2021 3137AYSH5 INTEREST EARNED ON F H L M C MLTCL MTG 1.750% 12/15/42 $1 PV ON 18.1900 SHARES DUE 11/15/2021 $0.00146/PV ON 124,725.98 PV DUE 11/15/21 - - - 18.19 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/07/2021 04/08/2021 10/14/2021 3137AYSH5 RECEIVED PAR VALUE OF F H L M C MLTCL MTG 1.750% 12/15/42 MV 26658.96 95 INTERNAL TRANSFER FROM A/C XXXXX0023 26,494.96 - - - 27,050.36 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/07/2021 04/08/2021 10/14/2021 3137AYSH5 RECEIVED PAR VALUE OF F H L M C MLTCL MTG 1.750% 12/15/42 MV 12549.81 95 INTERNAL TRANSFER FROM A/C XXXXX0023 12,472.60 - - - 12,751.43 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/07/2021 08/10/2021 10/14/2021 3137AYSH5 RECEIVED PAR VALUE OF F H L M C MLTCL MTG 1.750% 12/15/42 MV 89359.50 95 INTERNAL TRANSFER FROM A/C XXXXX0023 88,809.77 - - - 90,633.35 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/07/2021 12/07/2021 12/07/2021 3137AYSH5 DISTRIBUTED PAR VALUE OF F H L M C MLTCL MTG 1.750% 12/15/42 VALUED AT 12549.81 DIST FOR LONG REVERSAL OF T2T (12,472.60) - - - (12,734.06) - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/07/2021 12/07/2021 12/07/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 1,800,000.00 1.00 - (1,800,000.00) 1,800,000.00 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/07/2021 12/07/2021 12/07/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (1,793,824.52) 1.00 - 1,793,824.52 (1,793,824.52) - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/07/2021 12/07/2021 12/07/2021 64587AZ72 MATURED PAR VALUE OF NEW JERSEY NAT GAS CO C P 12/07/21 900,000 PAR VALUE AT 100 % (900,000.00) 1.00 - 899,977.50 (899,977.50) - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/07/2021 64587AZ72 INTEREST EARNED ON NEW JERSEY NAT GAS CO C P 12/07/21 $1 PV ON 900000.0000 SHARES DUE 12/7/2021 900,000 PAR VALUE AT 100 % - - - 22.50 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/07/2021 12/07/2021 12/07/2021 64587AZE7 PURCHASED PAR VALUE OF NEW JERSEY NAT GAS CO C P 12/14/21 /MIZUHO SECURITIES USA INC./900,000 PAR VALUE AT 99.9965 % 900,000.00 1.00 - (899,968.50) 899,968.50 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/07/2021 12/07/2021 12/07/2021 97670RZ73 MATURED PAR VALUE OF WISCONSIN GAS CO DISC C P 12/07/21 900,000 PAR VALUE AT 100 % (900,000.00) 1.00 - 899,979.00 (899,979.00) - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/07/2021 97670RZ73 INTEREST EARNED ON WISCONSIN GAS CO DISC C P 12/07/21 $1 PV ON 900000.0000 SHARES DUE 12/7/2021 900,000 PAR VALUE AT 100 % - - - 21.00 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/08/2021 14687AAM0 INTEREST EARNED ON CARVANA AUTO REC 0.280% 11/08/23 $1 PV ON 10.7300 SHARES DUE 12/8/2021 $0.00023/PV ON 45,985.64 PV DUE 12/ 8/21 - - - 10.73 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/08/2021 12/08/2021 12/08/2021 14687AAM0 PAID DOWN PAR VALUE OF CARVANA AUTO REC 0.280% 11/08/23 (11,619.99) - - 11,619.99 (11,619.99) - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/08/2021 12/08/2021 12/08/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (258,150.62) 1.00 - 258,150.62 (258,150.62) - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/08/2021 12/08/2021 12/08/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 545,723.74 1.00 - (545,723.74) 545,723.74 - - Page 17 of 10255 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 91 CIP STAMP Portfolio Transaction Report by Account 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/08/2021 38141GXW9 INTEREST EARNED ON GOLDMAN SACHS 0.62926% 3/08/24 $1 PV ON 455000.0000 SHARES DUE 12/8/2021 - - - 723.74 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/08/2021 63873JZ86 INTEREST EARNED ON NATIXIS N Y BRH DISC C P 12/08/21 $1 PV ON 825000.0000 SHARES DUE 12/8/2021 825,000 PAR VALUE AT 100 % - - - 14.44 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/08/2021 12/08/2021 12/08/2021 63873JZ86 MATURED PAR VALUE OF NATIXIS N Y BRH DISC C P 12/08/21 825,000 PAR VALUE AT 100 % (825,000.00) 1.00 - 824,985.56 (824,985.56) - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/08/2021 11/18/2021 12/08/2021 79739GPB6 PURCHASED PAR VALUE OF SAN DIEGO CNTY CA 0.654% 7/01/23 /BOFA SECURITIES, INC./280,000 PAR VALUE AT 100 % 280,000.00 1.00 - (280,000.00) 280,000.00 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/08/2021 11/12/2021 98162HAC4 PAID ACCRUED INTEREST ON PURCHASE OF WORLD OMNI 1.700% 1/15/23 - - - 229.50 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/08/2021 11/09/2021 11/12/2021 98162HAC4 PURCHASE-REV PAR VALUE OF WORLD OMNI 1.700% 1/15/23 /BOFA SECURITIES, INC./FXD INC/180,000 PAR VALUE AT 100.84375 % (180,000.00) (1.01) - 181,518.75 (181,518.75) - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/09/2021 12/09/2021 12/09/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (875,327.94) 1.00 - 875,327.94 (875,327.94) - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/09/2021 11/17/2021 12/09/2021 346604LK5 PURCHASED PAR VALUE OF FORSYTH CNTY GA SCH 0.921% 2/01/24 /CITIGROUP GLOBAL MARKETS INC./410,000 PAR VALUE AT 100 % 410,000.00 1.00 - (410,000.00) 410,000.00 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/09/2021 12/09/2021 80285RAE8 PAID ACCRUED INTEREST ON PURCHASE OF SANTANDER DRIVE 0.960% 11/15/24 - - - (108.80) - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/09/2021 12/07/2021 12/09/2021 80285RAE8 PURCHASED PAR VALUE OF SANTANDER DRIVE 0.960% 11/15/24 /STONEX FINANCIAL INC./BD RATES/170,000 PAR VALUE AT 100.12890588 % 170,000.00 1.00 - (170,219.14) 170,219.14 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/13/2021 12/13/2021 12/13/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 1,130.82 1.00 - (1,130.82) 1,130.82 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/13/2021 60687YAN9 INTEREST EARNED ON MIZUHO FINANCIAL 1.08088% 9/11/22 $1 PV ON 450000.0000 SHARES DUE 12/11/2021 - - - 1,130.82 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/14/2021 12/14/2021 12/14/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 746,529.59 1.00 - (746,529.59) 746,529.59 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/14/2021 12/14/2021 12/14/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 605,000.00 1.00 - (605,000.00) 605,000.00 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/14/2021 12/02/2021 12/09/2021 59261AM79 PURCHASED PAR VALUE OF METROPOLITAN NY 0.777% 11/15/22 /BOFA SECURITIES, INC./295,000 PAR VALUE AT 100 % 295,000.00 1.00 - (295,000.00) 295,000.00 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/14/2021 64587AZE7 INTEREST EARNED ON NEW JERSEY NAT GAS CO C P 12/14/21 $1 PV ON 900000.0000 SHARES DUE 12/14/2021 900,000 PAR VALUE AT 100 % - - - 31.50 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/14/2021 12/14/2021 12/14/2021 64587AZE7 MATURED PAR VALUE OF NEW JERSEY NAT GAS CO C P 12/14/21 900,000 PAR VALUE AT 100 % (900,000.00) 1.00 - 899,968.50 (899,968.50) - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/15/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL 1 - - - (3,786.87) - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/15/2021 CASH RECEIPT TRANSFER FROM INCOME 1 - - - 3,786.87 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/15/2021 14042WAC4 INTEREST EARNED ON CAPITAL ONE PRIME 2.510% 11/15/23 $1 PV ON 195.0400 SHARES DUE 12/15/2021 $0.00209/PV ON 93,250.83 PV DUE 12/15/21 - - - 195.04 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/15/2021 12/15/2021 12/15/2021 14042WAC4 PAID DOWN PAR VALUE OF CAPITAL ONE PRIME 2.510% 11/15/23 (11,464.52) - - 11,464.52 (11,550.73) (86.21) - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/15/2021 12/15/2021 12/15/2021 14316LAC7 PAID DOWN PAR VALUE OF CARMAX AUTO OWNER 2.680% 3/15/24 (35,699.80) - - 35,699.80 (36,108.40) (408.60) - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/15/2021 14316LAC7 INTEREST EARNED ON CARMAX AUTO OWNER 2.680% 3/15/24 $1 PV ON 802.0400 SHARES DUE 12/15/2021 $0.00223/PV ON 359,124.48 PV DUE 12/15/21 - - - 802.04 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/15/2021 12/15/2021 12/15/2021 22533TZF6 MATURED PAR VALUE OF CREDIT AGRICOLE CORP C P 12/15/21 900,000 PAR VALUE AT 100 % (900,000.00) 1.00 - 899,968.12 (899,968.12) - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/15/2021 22533TZF6 INTEREST EARNED ON CREDIT AGRICOLE CORP C P 12/15/21 $1 PV ON 900000.0000 SHARES DUE 12/15/2021 900,000 PAR VALUE AT 100 % - - - 31.88 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/15/2021 3128MMT52 INTEREST EARNED ON F H L M C GD G18571 2.500% 10/01/30 $1 PV ON 179.0700 SHARES DUE 12/15/2021 NOVEMBER FHLMC DUE 12/15/21 - - - 179.07 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/15/2021 12/15/2021 12/15/2021 3128MMT52 PAID DOWN PAR VALUE OF F H L M C GD G18571 2.500% 10/01/30 NOVEMBER FHLMC DUE 12/15/21 (2,333.49) - - 2,333.49 (2,428.60) (95.11) - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/15/2021 3128MMUL5 INTEREST EARNED ON F H L M C GD G18586 2.500% 2/01/31 $1 PV ON 173.4200 SHARES DUE 12/15/2021 NOVEMBER FHLMC DUE 12/15/21 - - - 173.42 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/15/2021 12/15/2021 12/15/2021 3128MMUL5 PAID DOWN PAR VALUE OF F H L M C GD G18586 2.500% 2/01/31 NOVEMBER FHLMC DUE 12/15/21 (2,792.59) - - 2,792.59 (2,890.29) - (97.70) 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/15/2021 12/15/2021 12/15/2021 31307NP40 PAID DOWN PAR VALUE OF F H L M C GD J32243 3.000% 7/01/30 NOVEMBER FHLMC DUE 12/15/21 (1,631.12) - - 1,631.12 (1,731.01) (99.89) - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/15/2021 31307NP40 INTEREST EARNED ON F H L M C GD J32243 3.000% 7/01/30 $1 PV ON 381.7600 SHARES DUE 12/15/2021 NOVEMBER FHLMC DUE 12/15/21 - - - 381.76 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/15/2021 12/15/2021 12/15/2021 3137AQQE1 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 1.500% 5/15/27 (2,038.84) - - 2,038.84 (2,068.03) (29.19) - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/15/2021 3137AQQE1 INTEREST EARNED ON F H L M C MLTCL MTG 1.500% 5/15/27 $1 PV ON 90.2000 SHARES DUE 12/15/2021 $0.00125/PV ON 72,165.20 PV DUE 12/15/21 - - - 90.20 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/15/2021 3137B6DF5 INTEREST EARNED ON F H L M C MLTCL MTG 2.000% 11/15/26 $1 PV ON 96.3300 SHARES DUE 12/15/2021 $0.00167/PV ON 57,798.41 PV DUE 12/15/21 - - - 96.33 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/15/2021 12/15/2021 12/15/2021 3137B6DF5 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.000% 11/15/26 (3,362.79) - - 3,362.79 (3,418.41) (55.62) - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/15/2021 3137B9RN7 INTEREST EARNED ON F H L M C MLTCL MTG 2.500% 12/15/27 $1 PV ON 164.1900 SHARES DUE 12/15/2021 $0.00208/PV ON 78,813.93 PV DUE 12/15/21 - - - 164.19 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/15/2021 12/15/2021 12/15/2021 3137B9RN7 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.500% 12/15/27 (5,169.56) - - 5,169.56 (5,254.78) (85.22) - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/15/2021 12/15/2021 12/15/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 308,760.99 1.00 - (308,760.99) 308,760.99 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/15/2021 12/15/2021 12/15/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 694,744.27 1.00 - (694,744.27) 694,744.27 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/15/2021 12/15/2021 12/15/2021 36176XE21 PAID DOWN PAR VALUE OF G N M A #778953 3.000% 3/15/27 NOVEMBER GNMA DUE 12/15/21 (2,473.51) - - 2,473.51 (2,548.13) - (74.62) 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/15/2021 36176XE21 INTEREST EARNED ON G N M A #778953 3.000% 3/15/27 $1 PV ON 259.4100 SHARES DUE 12/15/2021 NOVEMBER GNMA DUE 12/15/21 - - - 259.41 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/15/2021 65479HAC1 INTEREST EARNED ON NISSAN AUTO 2.500% 11/15/23 $1 PV ON 374.5800 SHARES DUE 12/15/2021 $0.00208/PV ON 179,800.53 PV DUE 12/15/21 - - - 374.58 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/15/2021 12/15/2021 12/15/2021 65479HAC1 PAID DOWN PAR VALUE OF NISSAN AUTO 2.500% 11/15/23 (18,950.76) - - 18,950.76 (19,119.32) (168.56) - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/15/2021 12/15/2021 12/15/2021 80285RAE8 PAID DOWN PAR VALUE OF SANTANDER DRIVE 0.960% 11/15/24 (13,760.99) - - 13,760.99 (13,777.87) (16.88) - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/15/2021 80285RAE8 INTEREST EARNED ON SANTANDER DRIVE 0.960% 11/15/24 $1 PV ON 200.0000 SHARES DUE 12/15/2021 $0.00080/PV ON 250,000.00 PV DUE 12/15/21 - - - 200.00 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/15/2021 91282CCG4 INTEREST EARNED ON U S TREASURY NT 0.250% 6/15/24 $1 PV ON 525000.0000 SHARES DUE 12/15/2021 - - - 656.25 - - - Page 18 of 10256 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 91 CIP STAMP Portfolio Transaction Report by Account 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/15/2021 98162HAC4 INTEREST EARNED ON WORLD OMNI 1.700% 1/15/23 $1 PV ON 255.0000 SHARES DUE 12/15/2021 $0.00142/PV ON 180,000.00 PV DUE 12/15/21 - - - 255.00 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/16/2021 CASH RECEIPT TRANSFER FROM INCOME 1 - - - 1,246.06 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/16/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL 1 - - - (1,246.06) - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/16/2021 12/14/2021 12/16/2021 02582JHS2 PURCHASED PAR VALUE OF AMERICAN EXPRESS 0.48705% 10/15/25 /WFSLUS33 WELLS FARGO CHARL NC/500,000 PAR VALUE AT 100.265626 % 500,000.00 1.00 - (501,328.13) 501,328.13 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/16/2021 12/16/2021 02582JHS2 PAID ACCRUED INTEREST ON PURCHASE OF AMERICAN EXPRESS 0.48705% 10/15/25 - - - (5.69) - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/16/2021 12/16/2021 12/16/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 1,303,686.79 1.00 - (1,303,686.79) 1,303,686.79 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/16/2021 38376V2E6 INTEREST EARNED ON G N M A GTD REMIC 4.000% 7/16/39 $1 PV ON 212.4100 SHARES DUE 12/16/2021 $0.00333/PV ON 63,723.26 PV DUE 12/16/21 - - - 212.41 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/16/2021 12/16/2021 12/16/2021 38376V2E6 PAID DOWN PAR VALUE OF G N M A GTD REMIC 4.000% 7/16/39 (2,163.28) - - 2,163.28 (2,262.66) (99.38) - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/16/2021 38378XP62 INTEREST EARNED ON G N M A GTD REMIC 2.500% 5/16/55 $1 PV ON 245.8900 SHARES DUE 12/16/2021 $0.00208/PV ON 118,026.92 PV DUE 12/16/21 - - - 245.89 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/16/2021 12/16/2021 12/16/2021 38378XP62 PAID DOWN PAR VALUE OF G N M A GTD REMIC 2.500% 5/16/55 (1,675.33) - - 1,675.33 (1,692.83) - (17.50) 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/16/2021 46647PCA2 INTEREST EARNED ON JPMORGAN CHASE CO 0.62923% 3/16/24 $1 PV ON 455000.0000 SHARES DUE 12/16/2021 - - - 723.70 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/16/2021 63743CZG1 INTEREST EARNED ON NATIONAL RURAL UTILS C P 12/16/21 $1 PV ON 1800000.0000 SHARES DUE 12/16/2021 1,800,000 PAR VALUE AT 100 % - - - 69.75 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/16/2021 12/16/2021 12/16/2021 63743CZG1 MATURED PAR VALUE OF NATIONAL RURAL UTILS C P 12/16/21 1,800,000 PAR VALUE AT 100 % (1,800,000.00) 1.00 - 1,799,930.25 (1,799,930.25) - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/17/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL 1 - - - (192.00) - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/17/2021 CASH RECEIPT TRANSFER FROM INCOME 1 - - - 192.00 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/17/2021 02530JZH9 INTEREST EARNED ON AMERICAN CRYSTAL SUGAR C P 12/17/21 $1 PV ON 900000.0000 SHARES DUE 12/17/2021 900,000 PAR VALUE AT 100 % - - - 72.00 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/17/2021 12/17/2021 12/17/2021 02530JZH9 MATURED PAR VALUE OF AMERICAN CRYSTAL SUGAR C P 12/17/21 900,000 PAR VALUE AT 100 % (900,000.00) 1.00 - 899,928.00 (899,928.00) - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/17/2021 3137AYSH5 INTEREST EARNED ON F H L M C MLTCL MTG 1.750% 12/15/42 $1 PV ON 177.5400 SHARES DUE 12/15/2021 $0.00146/PV ON 121,739.77 PV DUE 12/15/21 - - - 177.54 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/17/2021 12/15/2021 12/17/2021 3137AYSH5 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 1.750% 12/15/42 (2,922.44) - - 2,922.44 (2,983.23) (60.79) - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/17/2021 12/17/2021 12/17/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 3,099.98 1.00 - (3,099.98) 3,099.98 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/17/2021 12/17/2021 12/17/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 1,800,000.00 1.00 - (1,800,000.00) 1,800,000.00 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/17/2021 69350AZH4 INTEREST EARNED ON PPG INDS INC DISC COML C P 12/17/21 $1 PV ON 900000.0000 SHARES DUE 12/17/2021 900,000 PAR VALUE AT 100 % - - - 120.00 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/17/2021 12/17/2021 12/17/2021 69350AZH4 MATURED PAR VALUE OF PPG INDS INC DISC COML C P 12/17/21 900,000 PAR VALUE AT 100 % (900,000.00) 1.00 - 899,880.00 (899,880.00) - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/20/2021 CASH RECEIPT TRANSFER FROM INCOME 1 - - - 2,665.62 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/20/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL 1 - - - (2,665.62) - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/20/2021 12/20/2021 12/20/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 2,701.96 1.00 - (2,701.96) 2,701.96 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/20/2021 12/20/2021 12/20/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 917,357.97 1.00 - (917,357.97) 917,357.97 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/20/2021 36179MU32 INTEREST EARNED ON G N M A I I #MA0602 3.000% 12/20/27 $1 PV ON 155.7300 SHARES DUE 12/20/2021 NOVEMBER GNMA DUE 12/20/21 - - - 155.73 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/20/2021 12/20/2021 12/20/2021 36179MU32 PAID DOWN PAR VALUE OF G N M A I I #MA0602 3.000% 12/20/27 NOVEMBER GNMA DUE 12/20/21 (1,917.94) - - 1,917.94 (1,985.47) - (67.53) 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/20/2021 36179NAH1 INTEREST EARNED ON G N M A I I #MA0908 2.500% 4/20/28 $1 PV ON 208.1200 SHARES DUE 12/20/2021 P & I DUE 12/20/21 - - - 208.12 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/20/2021 12/20/2021 12/20/2021 36179NAH1 PAID DOWN PAR VALUE OF G N M A I I #MA0908 2.500% 4/20/28 P & I DUE 12/20/21 (2,493.84) - - 2,493.84 (2,579.57) (85.73) - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/20/2021 36179NHK7 INTEREST EARNED ON G N M A I I #MA1134 3.000% 7/20/28 $1 PV ON 276.4900 SHARES DUE 12/20/2021 NOVEMBER GNMA DUE 12/20/21 - - - 276.49 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/20/2021 12/20/2021 12/20/2021 36179NHK7 PAID DOWN PAR VALUE OF G N M A I I #MA1134 3.000% 7/20/28 NOVEMBER GNMA DUE 12/20/21 (3,656.36) - - 3,656.36 (3,755.81) - (99.45) 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/20/2021 36179RHM4 INTEREST EARNED ON G N M A I I #MA2936 3.500% 7/20/30 $1 PV ON 166.5100 SHARES DUE 12/20/2021 NOVEMBER GNMA DUE 12/20/21 - - - 166.51 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/20/2021 12/20/2021 12/20/2021 36179RHM4 PAID DOWN PAR VALUE OF G N M A I I #MA2936 3.500% 7/20/30 NOVEMBER GNMA DUE 12/20/21 (1,005.51) - - 1,005.51 (1,051.35) - (45.84) 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/20/2021 36179TF83 INTEREST EARNED ON G N M A I I #MA4691 3.500% 9/20/32 $1 PV ON 164.6600 SHARES DUE 12/20/2021 NOVEMBER GNMA DUE 12/20/21 - - - 164.66 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/20/2021 12/20/2021 12/20/2021 36179TF83 PAID DOWN PAR VALUE OF G N M A I I #MA4691 3.500% 9/20/32 NOVEMBER GNMA DUE 12/20/21 (2,402.58) - - 2,402.58 (2,524.87) - (122.29) 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/20/2021 38376WA62 INTEREST EARNED ON G N M A GTD REMIC 4.000% 10/20/39 $1 PV ON 275.6400 SHARES DUE 12/20/2021 $0.00333/PV ON 82,695.11 PV DUE 12/20/21 - - - 275.64 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/20/2021 12/20/2021 12/20/2021 38376WA62 PAID DOWN PAR VALUE OF G N M A GTD REMIC 4.000% 10/20/39 (2,586.85) - - 2,586.85 (2,178.36) - 408.49 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/20/2021 38378FRB8 INTEREST EARNED ON G N M A GTD REMIC 2.000% 7/20/42 $1 PV ON 184.6300 SHARES DUE 12/20/2021 $0.00167/PV ON 110,776.79 PV DUE 12/20/21 - - - 184.63 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/20/2021 12/20/2021 12/20/2021 38378FRB8 PAID DOWN PAR VALUE OF G N M A GTD REMIC 2.000% 7/20/42 (3,482.90) - - 3,482.90 (3,431.75) - 51.15 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/20/2021 60678MZL3 INTEREST EARNED ON MITSUBISHI HC CAP AMER C P 12/20/21 $1 PV ON 900000.0000 SHARES DUE 12/20/2021 900,000 PAR VALUE AT 100 % - - - 182.25 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/20/2021 12/20/2021 12/20/2021 60678MZL3 MATURED PAR VALUE OF MITSUBISHI HC CAP AMER C P 12/20/21 900,000 PAR VALUE AT 100 % (900,000.00) 1.00 - 899,817.75 (899,817.75) - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/20/2021 92347YAC8 INTEREST EARNED ON VERIZON OWNER TRUST 3.020% 9/20/23 $1 PV ON 1082.1700 SHARES DUE 12/20/2021 $0.00252/PV ON 430,000.00 PV DUE 12/20/21 - - - 1,082.17 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/21/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL 1 - - - (278.12) - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/21/2021 CASH RECEIPT TRANSFER FROM INCOME 1 - - - 278.12 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/21/2021 04830GZM7 INTEREST EARNED ON ATLANTIC CITY ELEC CO C P 12/21/21 $1 PV ON 900000.0000 SHARES DUE 12/21/2021 900,000 PAR VALUE AT 100 % - - - 70.00 - - - Page 19 of 10257 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 91 CIP STAMP Portfolio Transaction Report by Account 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/21/2021 12/21/2021 12/21/2021 04830GZM7 MATURED PAR VALUE OF ATLANTIC CITY ELEC CO C P 12/21/21 900,000 PAR VALUE AT 100 % (900,000.00) 1.00 - 899,930.00 (899,930.00) - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/21/2021 12/21/2021 12/21/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 900,000.00 1.00 - (900,000.00) 900,000.00 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/27/2021 CASH RECEIPT TRANSFER FROM INCOME 1 - - - 5,515.99 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/27/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL 1 - - - (5,515.99) - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/27/2021 23337SZT4 INTEREST EARNED ON DTE GAS CO DISC COML C P 12/27/21 $1 PV ON 900000.0000 SHARES DUE 12/27/2021 900,000 PAR VALUE AT 100 % - - - 55.00 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/27/2021 12/27/2021 12/27/2021 23337SZT4 MATURED PAR VALUE OF DTE GAS CO DISC COML C P 12/27/21 900,000 PAR VALUE AT 100 % (900,000.00) 1.00 - 899,945.00 (899,945.00) - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/27/2021 3132A8GL7 INTEREST EARNED ON F H L M C #ZS7403 3.000% 5/01/31 $1 PV ON 165.1200 SHARES DUE 12/25/2021 NOVEMBER FHLMC DUE 12/25/21 - - - 165.12 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/27/2021 12/25/2021 12/27/2021 3132A8GL7 PAID DOWN PAR VALUE OF F H L M C #ZS7403 3.000% 5/01/31 NOVEMBER FHLMC DUE 12/25/21 (1,746.73) - - 1,746.73 (1,848.53) (101.80) - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/27/2021 3132A9T64 INTEREST EARNED ON F H L M C #ZS8673 3.000% 10/01/32 $1 PV ON 252.5800 SHARES DUE 12/25/2021 NOVEMBER FHLMC DUE 12/25/21 - - - 252.58 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/27/2021 12/25/2021 12/27/2021 3132A9T64 PAID DOWN PAR VALUE OF F H L M C #ZS8673 3.000% 10/01/32 NOVEMBER FHLMC DUE 12/25/21 (3,499.10) - - 3,499.10 (3,646.29) - (147.19) 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/27/2021 3132AEF68 INTEREST EARNED ON F H L M C #ZT1989 3.500% 1/01/33 $1 PV ON 352.5300 SHARES DUE 12/25/2021 NOVEMBER FHLMC DUE 12/25/21 - - - 352.53 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/27/2021 12/25/2021 12/27/2021 3132AEF68 PAID DOWN PAR VALUE OF F H L M C #ZT1989 3.500% 1/01/33 NOVEMBER FHLMC DUE 12/25/21 (2,383.47) - - 2,383.47 (2,561.07) (177.60) - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/27/2021 3132D9C93 INTEREST EARNED ON F H L M C #SC0096 3.000% 10/01/40 $1 PV ON 372.8200 SHARES DUE 12/25/2021 NOVEMBER FHLMC DUE 12/25/21 - - - 372.82 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/27/2021 12/25/2021 12/27/2021 3132D9C93 PAID DOWN PAR VALUE OF F H L M C #SC0096 3.000% 10/01/40 NOVEMBER FHLMC DUE 12/25/21 (2,461.44) - - 2,461.44 (2,610.03) (148.59) - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/27/2021 3136ADZA0 INTEREST EARNED ON F N M A GTD REMIC 1.250% 4/25/28 $1 PV ON 90.7600 SHARES DUE 12/25/2021 $0.00104/PV ON 87,135.20 PV DUE 12/25/21 - - - 90.76 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/27/2021 12/25/2021 12/27/2021 3136ADZA0 PAID DOWN PAR VALUE OF F N M A GTD REMIC 1.250% 4/25/28 (5,253.87) - - 5,253.87 (5,305.31) (51.44) - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/27/2021 3136AQZK9 INTEREST EARNED ON F N M A GTD REMIC 2.000% 11/25/31 $1 PV ON 102.5800 SHARES DUE 12/25/2021 $0.00167/PV ON 61,547.89 PV DUE 12/25/21 - - - 102.58 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/27/2021 12/25/2021 12/27/2021 3136AQZK9 PAID DOWN PAR VALUE OF F N M A GTD REMIC 2.000% 11/25/31 (1,653.40) - - 1,653.40 (1,698.19) (44.79) - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/27/2021 3137AUPE3 INTEREST EARNED ON F H L M C MLTCL MT 2.396% 6/25/22 $1 PV ON 292.2500 SHARES DUE 12/25/2021 $0.00200/PV ON 146,746.24 PV DUE 12/25/21 - - - 292.25 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/27/2021 12/25/2021 12/27/2021 3137AUPE3 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 2.396% 6/25/22 (378.72) - - 378.72 (367.44) - 11.28 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/27/2021 3137BLUR7 INTEREST EARNED ON F H L M C MLTCL MT 2.716% 6/25/22 $1 PV ON 983.4500 SHARES DUE 12/25/2021 $0.00226/PV ON 434,513.34 PV DUE 12/25/21 - - - 983.45 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/27/2021 12/25/2021 12/27/2021 3137BLUR7 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 2.716% 6/25/22 (67,882.80) - - 67,882.80 (68,407.83) (525.03) - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/27/2021 3137FBAB2 INTEREST EARNED ON F H L M C MLTCL MT 2.77704% 8/25/27 $1 PV ON 303.8000 SHARES DUE 12/25/2021 $0.00253/PV ON 120,000.00 PV DUE 12/25/21 - - - 303.80 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/27/2021 3137FBAJ5 INTEREST EARNED ON F H L M C MLTCL MT 3.52704% 8/25/27 $1 PV ON 546.8400 SHARES DUE 12/25/2021 $0.00273/PV ON 200,000.00 PV DUE 12/25/21 - - - 546.84 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/27/2021 3137FMD66 INTEREST EARNED ON F H L M C MLTCL MT 2.283% 5/25/26 $1 PV ON 364.6000 SHARES DUE 12/25/2021 $0.00976/PV ON 47,081.23 PV DUE 12/25/21 - - - 364.60 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/27/2021 12/25/2021 12/27/2021 3137FMD66 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 2.283% 5/25/26 (5,595.63) - - 5,595.63 (5,829.04) - (233.41) 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/27/2021 3137FNAD2 INTEREST EARNED ON F H L M C MLTCL MT 2.87496% 11/25/28 $1 PV ON 285.0900 SHARES DUE 12/25/2021 $0.00219/PV ON 130,211.48 PV DUE 12/25/21 - - - 285.09 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/27/2021 12/25/2021 12/27/2021 3137FNAD2 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 2.87496% 11/25/28 (182.63) - - 182.63 (185.43) - (2.80) 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/27/2021 3137FPJF3 INTEREST EARNED ON F H L M C MLTCL MT 2.258% 6/25/29 $1 PV ON 333.6000 SHARES DUE 12/25/2021 $0.00188/PV ON 177,698.07 PV DUE 12/25/21 - - - 333.60 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/27/2021 12/25/2021 12/27/2021 3137FPJF3 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 2.258% 6/25/29 (411.42) - - 411.42 (412.94) - (1.52) 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/27/2021 3137FQ3Y7 INTEREST EARNED ON F H L M C MLTCL MT 2.51196% 7/25/29 $1 PV ON 324.8000 SHARES DUE 12/25/2021 $0.00183/PV ON 178,378.79 PV DUE 12/25/21 - - - 324.80 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/27/2021 12/25/2021 12/27/2021 3137FQ3Y7 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 2.51196% 7/25/29 (467.21) - - 467.21 (467.34) - (0.13) 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/27/2021 3137FWHY9 INTEREST EARNED ON F H L M C MLTCL 0.826% 9/25/30 $1 PV ON 128.5100 SHARES DUE 12/25/2021 $0.00069/PV ON 186,616.07 PV DUE 12/25/21 - - - 128.51 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/27/2021 12/25/2021 12/27/2021 3137FWHY9 PAID DOWN PAR VALUE OF F H L M C MLTCL 0.826% 9/25/30 (991.23) - - 991.23 (986.27) - 4.96 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/27/2021 3140J6FU6 INTEREST EARNED ON F N M A #BM1978 3.000% 10/01/32 $1 PV ON 182.8700 SHARES DUE 12/25/2021 NOVEMBER FNMA DUE 12/25/21 - - - 182.87 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/27/2021 12/25/2021 12/27/2021 3140J6FU6 PAID DOWN PAR VALUE OF F N M A #BM1978 3.000% 10/01/32 NOVEMBER FNMA DUE 12/25/21 (1,397.97) - - 1,397.97 (1,475.08) - (77.11) 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/27/2021 3140X4H90 INTEREST EARNED ON F N M A #FM1155 2.500% 6/01/32 $1 PV ON 245.4500 SHARES DUE 12/25/2021 NOVEMBER FNMA DUE 12/25/21 - - - 245.45 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/27/2021 12/25/2021 12/27/2021 3140X4H90 PAID DOWN PAR VALUE OF F N M A #FM1155 2.500% 6/01/32 NOVEMBER FNMA DUE 12/25/21 (3,270.66) - - 3,270.66 (3,427.81) (157.15) - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/27/2021 3140X7LS6 INTEREST EARNED ON F N M A #FM3936 2.500% 8/01/35 $1 PV ON 225.3600 SHARES DUE 12/25/2021 NOVEMBER FNMA DUE 12/25/21 - - - 225.36 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/27/2021 12/25/2021 12/27/2021 3140X7LS6 PAID DOWN PAR VALUE OF F N M A #FM3936 2.500% 8/01/35 NOVEMBER FNMA DUE 12/25/21 (3,759.32) - - 3,759.32 (3,934.51) (175.19) - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/27/2021 31417YKF3 INTEREST EARNED ON F N M A #MA0293 4.500% 1/01/30 $1 PV ON 254.1800 SHARES DUE 12/25/2021 NOVEMBER FNMA DUE 12/25/21 - - - 254.18 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/27/2021 12/25/2021 12/27/2021 31417YKF3 PAID DOWN PAR VALUE OF F N M A #MA0293 4.500% 1/01/30 NOVEMBER FNMA DUE 12/25/21 (1,586.59) - - 1,586.59 (828.45) - 758.14 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/27/2021 31418DQ47 INTEREST EARNED ON F N M A #MA4074 2.000% 6/01/35 $1 PV ON 273.2800 SHARES DUE 12/25/2021 NOVEMBER FNMA DUE 12/25/21 - - - 273.28 - - - Page 20 of 10258 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 91 CIP STAMP Portfolio Transaction Report by Account 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/27/2021 12/25/2021 12/27/2021 31418DQ47 PAID DOWN PAR VALUE OF F N M A #MA4074 2.000% 6/01/35 NOVEMBER FNMA DUE 12/25/21 (4,287.01) - - 4,287.01 (4,422.94) (135.93) - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/27/2021 31418DVU3 INTEREST EARNED ON F N M A #MA4226 2.000% 12/01/30 $1 PV ON 235.3000 SHARES DUE 12/25/2021 NOVEMBER FNMA DUE 12/25/21 - - - 235.30 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/27/2021 12/25/2021 12/27/2021 31418DVU3 PAID DOWN PAR VALUE OF F N M A #MA4226 2.000% 12/01/30 NOVEMBER FNMA DUE 12/25/21 (3,951.38) - - 3,951.38 (4,101.62) (150.24) - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/27/2021 31418DXH0 INTEREST EARNED ON F N M A #MA4279 2.000% 3/01/36 $1 PV ON 257.1800 SHARES DUE 12/25/2021 NOVEMBER FNMA DUE 12/25/21 - - - 257.18 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/27/2021 12/25/2021 12/27/2021 31418DXH0 PAID DOWN PAR VALUE OF F N M A #MA4279 2.000% 3/01/36 NOVEMBER FNMA DUE 12/25/21 (2,517.20) - - 2,517.20 (2,601.08) (83.88) - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/27/2021 12/27/2021 12/27/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 69,985.99 1.00 - (69,985.99) 69,985.99 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/27/2021 12/27/2021 12/27/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 950,264.74 1.00 - (950,264.74) 950,264.74 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/28/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL 1 - - - (1,111.96) - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/28/2021 CASH RECEIPT TRANSFER FROM INCOME 1 - - - 1,111.96 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/28/2021 12/28/2021 12/28/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (365,000.00) 1.00 - 365,000.00 (365,000.00) - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/28/2021 12/08/2021 12/28/2021 797272RJ2 PURCHASED PAR VALUE OF SAN DIEGO CA 0.497% 8/01/22 /RCMCUS31 UNITED STATES/365,000 PAR VALUE AT 100 % 365,000.00 1.00 - (365,000.00) 365,000.00 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/29/2021 3138LFGP7 INTEREST EARNED ON F N M A #AN2905 2.550% 10/01/28 $1 PV ON 573.5000 SHARES DUE 12/25/2021 12/25/21 P & I DUE - - - 573.50 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/29/2021 12/25/2021 12/29/2021 3138LFGP7 PAID DOWN PAR VALUE OF F N M A #AN2905 2.550% 10/01/28 12/25/21 P & I DUE (416.62) - - 416.62 (428.06) - (11.44) 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/29/2021 12/29/2021 12/29/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 1,019.84 1.00 - (1,019.84) 1,019.84 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/29/2021 31846V203 CASH RECEIPT SHORT-TERM CAPITAL GAIN DIV FIRST AM GOVT OB FD CL Y STCG PAYABLE 12/29/2021 - - - 29.72 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/30/2021 CASH RECEIPT TRANSFER FROM INCOME 1 - - - 603.22 - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/30/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL 1 - - - (603.22) - - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/30/2021 12/30/2021 12/30/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (249,919.51) 1.00 - 249,919.51 (249,919.51) - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/30/2021 12/30/2021 12/30/2021 63616KAJ8 PURCHASED PAR VALUE OF NAT L FUEL GAS CO C P 1/18/22 /BOFA SECURITIES, INC./FXD INC/250,000 PAR VALUE AT 99.967804 % 250,000.00 1.00 - (249,919.51) 249,919.51 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/31/2021 12/31/2021 12/31/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (899,980.50) 1.00 - 899,980.50 (899,980.50) - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/31/2021 12/31/2021 12/31/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (3,001,122.81) 1.00 - 3,001,122.81 (3,001,122.81) - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/31/2021 12/31/2021 12/31/2021 71112KA68 PURCHASED PAR VALUE OF PEOPLES GAS LT COKE CO C P 1/06/22 /BOFA SECURITIES, INC./FXD INC/900,000 PAR VALUE AT 99.99783333 % 900,000.00 1.00 - (899,980.50) 899,980.50 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/31/2021 12/30/2021 12/31/2021 91282CDE8 PURCHASED PAR VALUE OF U S TREASURY NT 0.00001% 10/31/23 /MORGAN STANLEY & CO. LLC/3,000,000 PAR VALUE AT 100.022273 % 3,000,000.00 1.00 - (3,000,668.19) 3,000,668.19 - - 226122002 RCTC 2021 SER B SR BDS RES ACCT 12/31/2021 12/31/2021 91282CDE8 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 0.00001% 10/31/23 - - - (454.62) - - - - 0.00 36,309,087.76 (5,413.64) (1,969.39) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/12/2021 CASH RECEIPT RECEIPT OF FUNDS FED REF #003635/MT3886 RECEIVED WIRE - - - 19,112.00 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/13/2021 CASH DISBURSEMENT PAID TO 256350018 TRANSFER TO ANOTHER TRUST MT3886 TRANSFERRED FUNDS - - - (19,112.00) - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/13/2021 10/13/2021 10/13/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 19,112.00 1.00 - (19,112.00) 19,112.00 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/13/2021 10/13/2021 10/13/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (19,112.00) 1.00 - 19,112.00 (19,112.00) - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 02/05/2021 10/14/2021 31307NP40 RECEIVED PAR VALUE OF F H L M C GD J32243 3.000% 7/01/30 MV 200407.69 95 INTERNAL TRANSFER FROM A/C XXXXX0018 189,328.20 - - - 200,922.34 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 05/11/2021 10/14/2021 3132A8GL7 RECEIVED PAR VALUE OF F H L M C #ZS7403 3.000% 5/01/31 MV 89101.19 95 INTERNAL TRANSFER FROM A/C XXXXX0018 84,671.19 - - - 89,605.94 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 08/14/2020 10/14/2021 3132A9T64 RECEIVED PAR VALUE OF F H L M C #ZS8673 3.000% 10/01/32 MV 119012.90 95 INTERNAL TRANSFER FROM A/C XXXXX0018 112,690.94 - - - 117,431.26 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 05/12/2021 10/14/2021 3132D9C93 RECEIVED PAR VALUE OF F H L M C #SC0096 3.000% 10/01/40 MV 188673.58 95 INTERNAL TRANSFER FROM A/C XXXXX0018 176,604.43 - - - 187,265.48 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 07/29/2021 10/14/2021 3132WSF97 RECEIVED PAR VALUE OF F H L M C GD WA1102 1.920% 12/01/28 MV 126981.35 95 INTERNAL TRANSFER FROM A/C XXXXX0018 124,016.12 - - - 129,484.46 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 02/04/2021 10/14/2021 3136A8SX9 RECEIVED PAR VALUE OF F N M A GTD REMIC 1.500% 9/25/27 MV 41453.90 95 INTERNAL TRANSFER FROM A/C XXXXX0018 40,672.98 - - - 41,282.40 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 02/05/2021 10/14/2021 3136ABNZ2 RECEIVED PAR VALUE OF F N M A GTD REMIC 2.000% 11/25/42 MV 49194.11 95 INTERNAL TRANSFER FROM A/C XXXXX0018 47,988.17 - - - 48,815.86 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 06/10/2019 10/14/2021 3136ADFF1 RECEIVED PAR VALUE OF F N M A GTD REMIC 1.500% 4/25/23 MV 25881.33 95 INTERNAL TRANSFER FROM A/C XXXXX0018 25,766.41 - - - 25,396.02 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 02/05/2021 10/14/2021 3136AEY84 RECEIVED PAR VALUE OF F N M A GTD REMIC 1.750% 7/25/28 MV 47791.88 95 INTERNAL TRANSFER FROM A/C XXXXX0018 46,838.71 - - - 47,610.21 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 06/28/2019 10/14/2021 3136AHAE0 RECEIVED PAR VALUE OF F N M A GTD REMIC 2.623% 4/25/23 MV 26331.65 95 INTERNAL TRANSFER FROM A/C XXXXX0018 25,819.65 - - - 25,917.59 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 03/11/2021 10/14/2021 3136AQZK9 RECEIVED PAR VALUE OF F N M A GTD REMIC 2.000% 11/25/31 MV 76211.95 95 INTERNAL TRANSFER FROM A/C XXXXX0018 74,303.83 - - - 76,316.62 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 02/04/2021 10/14/2021 3137AQQE1 RECEIVED PAR VALUE OF F H L M C MLTCL MTG 1.500% 5/15/27 MV 44857.03 95 INTERNAL TRANSFER FROM A/C XXXXX0018 44,209.36 - - - 44,832.52 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 02/17/2021 10/14/2021 3137AQQE1 RECEIVED PAR VALUE OF F H L M C MLTCL MTG 1.500% 5/15/27 MV 42368.42 95 INTERNAL TRANSFER FROM A/C XXXXX0018 41,756.68 - - - 42,363.92 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 04/08/2021 10/14/2021 3137AYSH5 RECEIVED PAR VALUE OF F H L M C MLTCL MTG 1.750% 12/15/42 MV 45951.35 95 INTERNAL TRANSFER FROM A/C XXXXX0018 45,311.10 - - - 46,260.93 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 08/10/2021 10/14/2021 3137AYSH5 RECEIVED PAR VALUE OF F H L M C MLTCL MTG 1.750% 12/15/42 MV 102066.92 95 INTERNAL TRANSFER FROM A/C XXXXX0018 100,644.81 - - - 102,711.40 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 04/30/2021 10/14/2021 3137B3NW4 RECEIVED PAR VALUE OF F H L M C MLTCL MTG 2.778% 9/25/22 MV 17019.84 95 INTERNAL TRANSFER FROM A/C XXXXX0018 16,844.16 - - - 16,998.33 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 02/07/2020 10/14/2021 3137B5A60 RECEIVED PAR VALUE OF F H L M C MLTCL MTG 2.500% 10/15/28 MV 8960.08 95 INTERNAL TRANSFER FROM A/C XXXXX0018 8,689.91 - - - 8,737.27 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 06/18/2019 10/14/2021 3137B6DF5 RECEIVED PAR VALUE OF F H L M C MLTCL MTG 2.000% 11/15/26 MV 77774.95 95 INTERNAL TRANSFER FROM A/C XXXXX0018 76,532.82 - - - 75,737.60 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 12/23/2020 10/14/2021 3137B7YX1 RECEIVED PAR VALUE OF F H L M C MLTCL MTG 2.592% 4/25/23 MV 113452.66 95 INTERNAL TRANSFER FROM A/C XXXXX0018 111,650.62 - - - 113,487.83 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 02/05/2021 10/14/2021 3137B9RN7 RECEIVED PAR VALUE OF F H L M C MLTCL MTG 2.500% 12/15/27 MV 38381.89 95 INTERNAL TRANSFER FROM A/C XXXXX0018 37,389.57 - - - 38,046.36 - - Page 21 of 10259 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 91 CIP STAMP Portfolio Transaction Report by Account 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 08/11/2021 10/14/2021 3137B9RN7 RECEIVED PAR VALUE OF F H L M C MLTCL MTG 2.500% 12/15/27 MV 62038.00 95 INTERNAL TRANSFER FROM A/C XXXXX0018 60,434.08 - - - 61,392.79 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 11/04/2019 10/14/2021 3137BLAC2 RECEIVED PAR VALUE OF F H L M C MLTCL MT 3.284% 6/25/25 MV 64630.80 95 INTERNAL TRANSFER FROM A/C XXXXX0018 60,000.00 - - - 63,218.52 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 11/26/2019 10/14/2021 3137BLAC2 RECEIVED PAR VALUE OF F H L M C MLTCL MT 3.284% 6/25/25 MV 96946.20 95 INTERNAL TRANSFER FROM A/C XXXXX0018 90,000.00 - - - 95,077.98 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 09/09/2019 10/14/2021 3137BP4K2 RECEIVED PAR VALUE OF F H L M C MLTCL MTG 2.849% 3/25/26 MV 213336.00 95 INTERNAL TRANSFER FROM A/C XXXXX0018 200,000.00 - - - 208,911.36 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 07/09/2020 10/14/2021 3137BVZ74 RECEIVED PAR VALUE OF F H L M C MLTCL MTG 3.045% 8/25/26 MV 307412.13 95 INTERNAL TRANSFER FROM A/C XXXXX0018 291,557.25 - - - 308,062.53 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 06/28/2019 10/14/2021 3137F4CY6 RECEIVED PAR VALUE OF F H L M C MLTCL MT 0.52896% 9/25/24 MV 200178.30 95 INTERNAL TRANSFER FROM A/C XXXXX0018 190,000.00 - - - 195,023.65 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 06/27/2019 10/14/2021 3137F4D41 RECEIVED PAR VALUE OF F H L M C MLTCL MT 0.24996% 1/25/28 MV 169104.00 95 INTERNAL TRANSFER FROM A/C XXXXX0018 150,000.00 - - - 162,037.14 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 09/22/2020 10/14/2021 3137FBAB2 RECEIVED PAR VALUE OF F H L M C MLTCL MT 2.77704% 8/25/27 MV 138342.10 95 INTERNAL TRANSFER FROM A/C XXXXX0018 130,000.00 - - - 141,252.84 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 06/26/2019 10/14/2021 3137FBAJ5 RECEIVED PAR VALUE OF F H L M C MLTCL MT 3.52704% 8/25/27 MV 220270.00 95 INTERNAL TRANSFER FROM A/C XXXXX0018 200,000.00 - - - 210,479.94 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 09/09/2019 10/14/2021 3137FL6P4 RECEIVED PAR VALUE OF F H L M C MLTCL MT 0.62136% 1/25/29 MV 312048.00 95 INTERNAL TRANSFER FROM A/C XXXXX0018 275,000.00 - - - 304,425.66 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 08/18/2020 10/14/2021 3137FMD66 RECEIVED PAR VALUE OF F H L M C MLTCL MT 2.283% 5/25/26 MV 68334.98 95 INTERNAL TRANSFER FROM A/C XXXXX0018 66,221.20 - - - 68,983.43 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 08/01/2019 10/14/2021 3137FNAD2 RECEIVED PAR VALUE OF F H L M C MLTCL MT 2.87496% 11/25/28 MV 153594.49 95 INTERNAL TRANSFER FROM A/C XXXXX0018 144,866.30 - - - 147,090.91 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 01/08/2020 10/14/2021 3137FPJF3 RECEIVED PAR VALUE OF F H L M C MLTCL MT 2.258% 6/25/29 MV 202489.52 95 INTERNAL TRANSFER FROM A/C XXXXX0018 192,518.96 - - - 193,231.28 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 07/29/2021 10/14/2021 3137FPJP1 RECEIVED PAR VALUE OF F H L M C MLTCL MT 2.21604% 7/25/29 MV 98597.78 95 INTERNAL TRANSFER FROM A/C XXXXX0018 95,176.20 - - - 99,846.41 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 01/08/2020 10/14/2021 3137FQ3Y7 RECEIVED PAR VALUE OF F H L M C MLTCL MT 2.51196% 7/25/29 MV 202798.55 95 INTERNAL TRANSFER FROM A/C XXXXX0018 193,310.85 - - - 193,366.43 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 09/15/2020 10/14/2021 3137FWHY9 RECEIVED PAR VALUE OF F H L M C MLTCL 0.826% 9/25/30 MV 181412.30 95 INTERNAL TRANSFER FROM A/C XXXXX0018 188,584.16 - - - 187,641.23 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 07/22/2019 10/14/2021 3138EJPZ5 RECEIVED PAR VALUE OF F N M A #AL2239 3.370% 7/01/22 MV 11057.20 95 INTERNAL TRANSFER FROM A/C XXXXX0018 11,039.54 - - - 11,091.01 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 09/09/2019 10/14/2021 3138L2QG5 RECEIVED PAR VALUE OF F N M A #AM2254 3.010% 1/01/28 MV 265280.53 95 INTERNAL TRANSFER FROM A/C XXXXX0018 245,307.59 - - - 256,600.62 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 08/07/2019 10/14/2021 3138LFGP7 RECEIVED PAR VALUE OF F N M A #AN2905 2.550% 10/01/28 MV 313388.22 95 INTERNAL TRANSFER FROM A/C XXXXX0018 294,837.07 - - - 302,930.05 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 11/03/2020 10/14/2021 3140J6FU6 RECEIVED PAR VALUE OF F N M A #BM1978 3.000% 10/01/32 MV 87364.66 95 INTERNAL TRANSFER FROM A/C XXXXX0018 81,900.27 - - - 86,417.89 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 05/20/2020 10/14/2021 3140JAU97 RECEIVED PAR VALUE OF F N M A #BM6007 2.596% 6/01/49 MV 43264.82 95 INTERNAL TRANSFER FROM A/C XXXXX0018 42,694.42 - - - 44,309.09 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 02/04/2020 10/14/2021 31417YKF3 RECEIVED PAR VALUE OF F N M A #MA0293 4.500% 1/01/30 MV 18190.62 95 INTERNAL TRANSFER FROM A/C XXXXX0018 16,777.15 - - - 17,518.93 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 09/25/2020 10/14/2021 31417YKF3 RECEIVED PAR VALUE OF F N M A #MA0293 4.500% 1/01/30 MV 24784.97 95 INTERNAL TRANSFER FROM A/C XXXXX0018 22,859.09 - - - 24,574.95 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 04/14/2021 10/14/2021 31418DQ47 RECEIVED PAR VALUE OF F N M A #MA4074 2.000% 6/01/35 MV 45752.12 95 INTERNAL TRANSFER FROM A/C XXXXX0018 44,475.67 - - - 45,777.03 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 02/24/2021 10/14/2021 31418DQ47 RECEIVED PAR VALUE OF F N M A #MA4074 2.000% 6/01/35 MV 159512.65 95 INTERNAL TRANSFER FROM A/C XXXXX0018 155,062.36 - - - 160,082.99 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 01/21/2021 10/14/2021 31418DVU3 RECEIVED PAR VALUE OF F N M A #MA4226 2.000% 12/01/30 MV 170231.87 95 INTERNAL TRANSFER FROM A/C XXXXX0018 165,480.91 - - - 171,772.71 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 02/24/2021 10/14/2021 31418DXH0 RECEIVED PAR VALUE OF F N M A #MA4279 2.000% 3/01/36 MV 185213.44 95 INTERNAL TRANSFER FROM A/C XXXXX0018 180,046.12 - - - 186,045.87 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 06/22/2020 10/14/2021 36176XE21 RECEIVED PAR VALUE OF G N M A #778953 3.000% 3/15/27 MV 122986.86 95 INTERNAL TRANSFER FROM A/C XXXXX0018 116,991.07 - - - 120,520.22 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 02/23/2021 10/14/2021 36176XQB8 RECEIVED PAR VALUE OF G N M A #779250 3.000% 5/15/27 MV 40763.21 95 INTERNAL TRANSFER FROM A/C XXXXX0018 38,775.94 - - - 40,188.61 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 06/22/2020 10/14/2021 36179MU32 RECEIVED PAR VALUE OF G N M A I I #MA0602 3.000% 12/20/27 MV 73060.59 95 INTERNAL TRANSFER FROM A/C XXXXX0018 69,591.46 - - - 72,041.61 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 06/30/2020 10/14/2021 36179NAJ7 RECEIVED PAR VALUE OF G N M A I I #MA0909 3.000% 4/20/28 MV 27731.47 95 INTERNAL TRANSFER FROM A/C XXXXX0018 26,414.70 - - - 27,399.26 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 04/14/2021 10/14/2021 36179NHK7 RECEIVED PAR VALUE OF G N M A I I #MA1134 3.000% 7/20/28 MV 80479.98 95 INTERNAL TRANSFER FROM A/C XXXXX0018 76,658.55 - - - 80,007.51 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 10/27/2020 10/14/2021 36179RHM4 RECEIVED PAR VALUE OF G N M A I I #MA2936 3.500% 7/20/30 MV 72872.60 95 INTERNAL TRANSFER FROM A/C XXXXX0018 68,152.37 - - - 71,259.59 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 10/26/2020 10/14/2021 36179TF83 RECEIVED PAR VALUE OF G N M A I I #MA4691 3.500% 9/20/32 MV 70226.86 95 INTERNAL TRANSFER FROM A/C XXXXX0018 65,697.05 - - - 69,041.00 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 04/14/2021 10/14/2021 36202F3H7 RECEIVED PAR VALUE OF G N M A I I #005300 3.000% 2/20/27 MV 61795.37 95 INTERNAL TRANSFER FROM A/C XXXXX0018 58,861.14 - - - 60,893.18 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 06/12/2019 10/14/2021 36297GCD0 RECEIVED PAR VALUE OF G N M A #711168 4.500% 2/15/25 MV 46818.60 95 INTERNAL TRANSFER FROM A/C XXXXX0018 44,600.61 - - - 45,230.10 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 01/29/2020 10/14/2021 38376TTT9 RECEIVED PAR VALUE OF G N M A GTD REMIC 3.000% 11/20/39 MV 22930.50 95 INTERNAL TRANSFER FROM A/C XXXXX0018 21,968.29 - - - 22,315.92 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 08/06/2019 10/14/2021 38376V2E6 RECEIVED PAR VALUE OF G N M A GTD REMIC 4.000% 7/16/39 MV 64716.02 95 INTERNAL TRANSFER FROM A/C XXXXX0018 62,305.42 - - - 63,894.00 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 12/17/2019 10/14/2021 38376WA62 RECEIVED PAR VALUE OF G N M A GTD REMIC 4.000% 10/20/39 MV 52649.64 95 INTERNAL TRANSFER FROM A/C XXXXX0018 49,969.29 - - - 51,607.01 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 02/12/2021 10/14/2021 38377LFC7 RECEIVED PAR VALUE OF G N M A GTD REMIC 2.500% 12/20/39 MV 21671.91 95 INTERNAL TRANSFER FROM A/C XXXXX0018 21,543.30 - - - 21,738.46 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 08/20/2019 10/14/2021 38377QKH9 RECEIVED PAR VALUE OF G N M A GTD REMIC 3.000% 8/20/40 MV 16829.52 95 INTERNAL TRANSFER FROM A/C XXXXX0018 16,484.82 - - - 16,672.47 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 04/22/2021 10/14/2021 38377RVK8 RECEIVED PAR VALUE OF G N M A GTD REMIC 3.000% 4/20/39 MV 51311.08 95 INTERNAL TRANSFER FROM A/C XXXXX0018 50,324.72 - - - 51,308.46 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 06/17/2019 10/14/2021 38377YTL4 RECEIVED PAR VALUE OF G N M A GTD REMIC 2.000% 5/20/40 MV 50373.55 95 INTERNAL TRANSFER FROM A/C XXXXX0018 49,921.26 - - - 49,312.84 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 04/28/2020 10/14/2021 38378AU90 RECEIVED PAR VALUE OF G N M A GTD REMIC 3.000% 10/20/26 MV 54853.85 95 INTERNAL TRANSFER FROM A/C XXXXX0018 53,784.08 - - - 54,632.34 - - Page 22 of 10260 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 91 CIP STAMP Portfolio Transaction Report by Account 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 12/30/2019 10/14/2021 38378FRB8 RECEIVED PAR VALUE OF G N M A GTD REMIC 2.000% 7/20/42 MV 126112.39 95 INTERNAL TRANSFER FROM A/C XXXXX0018 123,662.63 - - - 121,846.33 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 02/17/2021 10/14/2021 38378HAU0 RECEIVED PAR VALUE OF G N M A GTD REMIC 1.500% 8/20/27 MV 36229.29 95 INTERNAL TRANSFER FROM A/C XXXXX0018 35,713.59 - - - 36,211.35 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 03/30/2021 10/14/2021 38378HAU0 RECEIVED PAR VALUE OF G N M A GTD REMIC 1.500% 8/20/27 MV 20945.06 95 INTERNAL TRANSFER FROM A/C XXXXX0018 20,646.92 - - - 20,907.51 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 10/16/2019 10/14/2021 38378JZD7 RECEIVED PAR VALUE OF G N M A GTD REMIC 1.500% 12/20/40 MV 20886.00 95 INTERNAL TRANSFER FROM A/C XXXXX0018 20,670.61 - - - 20,412.22 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/14/2021 07/05/2019 10/14/2021 38378TAF7 RECEIVED PAR VALUE OF G N M A GTD REMIC 2.500% 7/20/41 MV 66632.66 95 INTERNAL TRANSFER FROM A/C XXXXX0018 64,817.76 - - - 64,891.52 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/15/2021 10/15/2021 10/15/2021 31307NP40 PAID DOWN PAR VALUE OF F H L M C GD J32243 3.000% 7/01/30 10/15/21 PYMT (6,879.82) - - 6,879.82 (7,301.13) (421.31) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/15/2021 31307NP40 INTEREST EARNED ON F H L M C GD J32243 3.000% 7/01/30 $1 PV ON 473.3200 SHARES DUE 10/15/2021 10/15/21 PYMT - - - 473.32 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/15/2021 10/15/2021 10/15/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 7,353.14 1.00 - (7,353.14) 7,353.14 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/18/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL 1 - - - (473.32) - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/18/2021 CASH RECEIPT TRANSFER FROM INCOME 1 - - - 473.32 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/19/2021 10/19/2021 10/19/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 2,275.90 1.00 - (2,275.90) 2,275.90 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/19/2021 38376V2E6 INTEREST EARNED ON G N M A GTD REMIC 4.000% 7/16/39 $1 PV ON 207.6800 SHARES DUE 10/16/2021 $0.00333/PV ON 62,305.42 PV DUE 10/16/21 - - - 207.68 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/19/2021 10/16/2021 10/19/2021 38376V2E6 PAID DOWN PAR VALUE OF G N M A GTD REMIC 4.000% 7/16/39 (2,068.22) 1,462.24 - 2,068.22 (2,120.95) - (52.73) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/20/2021 CASH RECEIPT TRANSFER FROM INCOME 1 - - - 207.68 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/20/2021 CASH RECEIPT TRANSFER FROM ANOTHER TRUST MT3886 TRANSFER OF FUNDS - - - 522,080.11 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/20/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL 1 - - - (207.68) - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/20/2021 10/20/2021 10/20/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 522,080.11 1.00 - (522,080.11) 522,080.11 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/21/2021 10/21/2021 10/21/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 25,079.92 1.00 - (25,079.92) 25,079.92 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/21/2021 38376TTT9 INTEREST EARNED ON G N M A GTD REMIC 3.000% 11/20/39 $1 PV ON 54.9200 SHARES DUE 10/20/2021 $0.00250/PV ON 21,968.29 PV DUE 10/20/21 - - - 54.92 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/21/2021 10/20/2021 10/21/2021 38376TTT9 PAID DOWN PAR VALUE OF G N M A GTD REMIC 3.000% 11/20/39 (727.47) - - 727.47 (738.98) - (11.51) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/21/2021 38376WA62 INTEREST EARNED ON G N M A GTD REMIC 4.000% 10/20/39 $1 PV ON 166.5600 SHARES DUE 10/20/2021 $0.00333/PV ON 49,969.29 PV DUE 10/20/21 - - - 166.56 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/21/2021 10/20/2021 10/21/2021 38376WA62 PAID DOWN PAR VALUE OF G N M A GTD REMIC 4.000% 10/20/39 (2,053.49) - - 2,053.49 (2,120.79) - (67.30) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/21/2021 38377LFC7 INTEREST EARNED ON G N M A GTD REMIC 2.500% 12/20/39 $1 PV ON 44.8800 SHARES DUE 10/20/2021 $0.00208/PV ON 21,543.30 PV DUE 10/20/21 - - - 44.88 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/21/2021 10/20/2021 10/21/2021 38377LFC7 PAID DOWN PAR VALUE OF G N M A GTD REMIC 2.500% 12/20/39 (3,903.68) - - 3,903.68 (3,939.04) (35.36) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/21/2021 38377QKH9 INTEREST EARNED ON G N M A GTD REMIC 3.000% 8/20/40 $1 PV ON 41.2100 SHARES DUE 10/20/2021 $0.00250/PV ON 16,484.82 PV DUE 10/20/21 - - - 41.21 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/21/2021 10/20/2021 10/21/2021 38377QKH9 PAID DOWN PAR VALUE OF G N M A GTD REMIC 3.000% 8/20/40 (1,082.28) - - 1,082.28 (1,094.60) - (12.32) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/21/2021 38377RVK8 INTEREST EARNED ON G N M A GTD REMIC 3.000% 4/20/39 $1 PV ON 125.8100 SHARES DUE 10/20/2021 $0.00250/PV ON 50,324.72 PV DUE 10/20/21 - - - 125.81 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/21/2021 10/20/2021 10/21/2021 38377RVK8 PAID DOWN PAR VALUE OF G N M A GTD REMIC 3.000% 4/20/39 (2,143.95) - - 2,143.95 (2,185.86) (41.91) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/21/2021 38377YTL4 INTEREST EARNED ON G N M A GTD REMIC 2.000% 5/20/40 $1 PV ON 83.2000 SHARES DUE 10/20/2021 $0.00167/PV ON 49,921.26 PV DUE 10/20/21 - - - 83.20 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/21/2021 10/20/2021 10/21/2021 38377YTL4 PAID DOWN PAR VALUE OF G N M A GTD REMIC 2.000% 5/20/40 (2,519.41) - - 2,519.41 (2,488.70) - 30.71 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/21/2021 38378AU90 INTEREST EARNED ON G N M A GTD REMIC 3.000% 10/20/26 $1 PV ON 134.4600 SHARES DUE 10/20/2021 $0.00250/PV ON 53,784.08 PV DUE 10/20/21 - - - 134.46 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/21/2021 10/20/2021 10/21/2021 38378AU90 PAID DOWN PAR VALUE OF G N M A GTD REMIC 3.000% 10/20/26 (4,164.19) - - 4,164.19 (4,229.87) - (65.68) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/21/2021 38378FRB8 INTEREST EARNED ON G N M A GTD REMIC 2.000% 7/20/42 $1 PV ON 206.1000 SHARES DUE 10/20/2021 $0.00167/PV ON 123,662.63 PV DUE 10/20/21 - - - 206.10 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/21/2021 10/20/2021 10/21/2021 38378FRB8 PAID DOWN PAR VALUE OF G N M A GTD REMIC 2.000% 7/20/42 (3,160.29) - - 3,160.29 (3,113.87) - 46.42 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/21/2021 38378HAU0 INTEREST EARNED ON G N M A GTD REMIC 1.500% 8/20/27 $1 PV ON 70.4500 SHARES DUE 10/20/2021 $0.00125/PV ON 56,360.51 PV DUE 10/20/21 - - - 70.45 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/21/2021 10/20/2021 10/21/2021 38378HAU0 PAID DOWN PAR VALUE OF G N M A GTD REMIC 1.500% 8/20/27 (1,428.93) - - 1,428.93 (1,448.16) (19.23) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/21/2021 38378JZD7 INTEREST EARNED ON G N M A GTD REMIC 1.500% 12/20/40 $1 PV ON 25.8400 SHARES DUE 10/20/2021 $0.00125/PV ON 20,670.61 PV DUE 10/20/21 - - - 25.84 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/21/2021 10/20/2021 10/21/2021 38378JZD7 PAID DOWN PAR VALUE OF G N M A GTD REMIC 1.500% 12/20/40 (886.59) - - 886.59 (875.51) - 11.08 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/21/2021 38378TAF7 INTEREST EARNED ON G N M A GTD REMIC 2.500% 7/20/41 $1 PV ON 135.0400 SHARES DUE 10/20/2021 $0.00208/PV ON 64,817.76 PV DUE 10/20/21 - - - 135.04 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/21/2021 10/20/2021 10/21/2021 38378TAF7 PAID DOWN PAR VALUE OF G N M A GTD REMIC 2.500% 7/20/41 (1,921.17) - - 1,921.17 (1,923.36) - (2.19) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/22/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL 1 - - - (1,088.47) - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/22/2021 CASH RECEIPT TRANSFER FROM INCOME 1 - - - 1,088.47 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/26/2021 3137BLAC2 INTEREST EARNED ON F H L M C MLTCL MT 3.284% 6/25/25 $1 PV ON 150000.0000 SHARES DUE 10/25/2021 - - - 410.51 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/26/2021 3137FBAB2 INTEREST EARNED ON F H L M C MLTCL MT 2.77704% 8/25/27 $1 PV ON 130000.0000 SHARES DUE 10/25/2021 - - - 329.12 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/26/2021 3137FBAJ5 INTEREST EARNED ON F H L M C MLTCL MT 3.52704% 8/25/27 $1 PV ON 200000.0000 SHARES DUE 10/25/2021 - - - 546.84 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/26/2021 3137FPJP1 INTEREST EARNED ON F H L M C MLTCL MT 2.21604% 7/25/29 $1 PV ON 176.8700 SHARES DUE 10/25/2021 $0.00186/PV ON 95,176.20 PV DUE 10/25/21 - - - 176.87 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/26/2021 10/25/2021 10/26/2021 3137FPJP1 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 2.21604% 7/25/29 (425.69) - - 425.69 (446.58) (20.89) - Page 23 of 10261 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 91 CIP STAMP Portfolio Transaction Report by Account 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/26/2021 3137FWHY9 INTEREST EARNED ON F H L M C MLTCL 0.826% 9/25/30 $1 PV ON 129.8700 SHARES DUE 10/25/2021 $0.00069/PV ON 188,584.16 PV DUE 10/25/21 - - - 129.87 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/26/2021 10/25/2021 10/26/2021 3137FWHY9 PAID DOWN PAR VALUE OF F H L M C MLTCL 0.826% 9/25/30 (981.66) - - 981.66 (976.75) - 4.91 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/26/2021 10/26/2021 10/26/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 3,000.56 1.00 - (3,000.56) 3,000.56 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/27/2021 CASH RECEIPT TRANSFER FROM INCOME 1 - - - 1,593.21 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/27/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL 1 - - - (1,593.21) - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/29/2021 10/29/2021 10/29/2021 23337SYG3 PURCHASED PAR VALUE OF DTE GAS CO DISC COML C P 11/16/21 /BARCLAYS CAPITAL INC. FIXED IN/175,000 PAR VALUE AT 99.995 % 175,000.00 1.00 - (174,991.25) 174,991.25 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/29/2021 10/29/2021 10/29/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (499,978.52) 1.00 - 499,978.52 (499,978.52) - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/29/2021 10/29/2021 10/29/2021 63743CYK3 PURCHASED PAR VALUE OF NATIONAL RURAL UTILS C P 11/19/21 /RBC CAPITAL MARKETS, LLC/175,000 PAR VALUE AT 99.99474857 % 175,000.00 1.00 - (174,990.81) 174,990.81 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 10/29/2021 10/29/2021 10/29/2021 64587AY32 PURCHASED PAR VALUE OF NEW JERSEY NAT GAS CO C P 11/03/21 /MIZUHO SECURITIES USA INC./150,000 PAR VALUE AT 99.99764 % 150,000.00 1.00 - (149,996.46) 149,996.46 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/01/2021 31846V203 INTEREST EARNED ON FIRST AM GOVT OB FD CL Y UNIT ON 0.0000 SHARES DUE 10/31/2021 INTEREST FROM 10/1/21 TO 10/31/21 - - - 0.86 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/02/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL 1 - - - (0.86) - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/02/2021 CASH RECEIPT TRANSFER FROM INCOME 1 - - - 0.86 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/02/2021 11/02/2021 11/02/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 0.86 1.00 - (0.86) 0.86 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/03/2021 CASH RECEIPT TRANSFER FROM INCOME 1 - - - 3.54 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/03/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL 1 - - - (3.54) - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/03/2021 11/02/2021 11/03/2021 02665JYG9 PURCHASED PAR VALUE OF AMERICAN HONDA FIN CORP C P 11/16/21 /J.P. MORGAN SECURITIES LLC/125,000 PAR VALUE AT 99.994584 % 125,000.00 1.00 - (124,993.23) 124,993.23 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/03/2021 11/03/2021 11/03/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 25,006.77 1.00 - (25,006.77) 25,006.77 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/03/2021 64587AY32 INTEREST EARNED ON NEW JERSEY NAT GAS CO C P 11/03/21 $1 PV ON 150000.0000 SHARES DUE 11/3/2021 150,000 PAR VALUE AT 100 % - - - 3.54 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/03/2021 11/03/2021 11/03/2021 64587AY32 MATURED PAR VALUE OF NEW JERSEY NAT GAS CO C P 11/03/21 150,000 PAR VALUE AT 100 % (150,000.00) 1.00 - 149,996.46 (149,996.46) - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/12/2021 02665JYG9 INTEREST EARNED ON AMERICAN HONDA FIN CORP C P 11/16/21 $1 PV ON 125000.0000 SHARES DUE 11/10/2021 125,000 PAR VALUE AT 99.998336 % - - - 4.69 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/12/2021 11/10/2021 11/12/2021 02665JYG9 SOLD PAR VALUE OF AMERICAN HONDA FIN CORP C P 11/16/21 /BARCUS3B BARCLAYS CAP WHIPPANY/125,000 PAR VALUE AT 99.998336 % (125,000.00) 1.00 - 124,993.23 (124,993.23) - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/12/2021 11/12/2021 11/12/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 89,296.22 1.00 - (89,296.22) 89,296.22 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/12/2021 11/12/2021 11/12/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (35,339.94) 1.00 - 35,339.94 (35,339.94) - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/12/2021 11/12/2021 92347YAC8 PAID ACCRUED INTEREST ON PURCHASE OF VERIZON OWNER TRUST 3.020% 9/20/23 - - - (64.59) - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/12/2021 11/09/2021 11/12/2021 92347YAC8 PURCHASED PAR VALUE OF VERIZON OWNER TRUST 3.020% 9/20/23 /BARCUS3B BARCLAYS CAP WHIPPANY/35,000 PAR VALUE AT 101.82031429 % 35,000.00 1.02 - (35,637.11) 35,637.11 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/12/2021 11/09/2021 11/12/2021 98162HAC4 PURCHASED PAR VALUE OF WORLD OMNI 1.700% 1/15/23 /BOFA SECURITIES, INC./FXD INC/35,000 PAR VALUE AT 100.84374286 % 35,000.00 1.01 - (35,295.31) 35,295.31 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/12/2021 11/12/2021 98162HAC4 PAID ACCRUED INTEREST ON PURCHASE OF WORLD OMNI 1.700% 1/15/23 - - - (44.63) - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/15/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL 1 - - - (1,826.03) - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/15/2021 CASH RECEIPT TRANSFER FROM INCOME 1 - - - 1,826.03 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/15/2021 11/15/2021 11/15/2021 31307NP40 PAID DOWN PAR VALUE OF F H L M C GD J32243 3.000% 7/01/30 OCTOBER FHLMC DUE 11/15/21 (3,345.92) - - 3,345.92 (3,550.82) (204.90) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/15/2021 31307NP40 INTEREST EARNED ON F H L M C GD J32243 3.000% 7/01/30 $1 PV ON 456.1200 SHARES DUE 11/15/2021 OCTOBER FHLMC DUE 11/15/21 - - - 456.12 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/15/2021 3137AQQE1 INTEREST EARNED ON F H L M C MLTCL MTG 1.500% 5/15/27 $1 PV ON 107.4600 SHARES DUE 11/15/2021 $0.00125/PV ON 85,966.04 PV DUE 11/15/21 - - - 107.46 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/15/2021 11/15/2021 11/15/2021 3137AQQE1 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 1.500% 5/15/27 (2,406.34) - - 2,406.34 (2,440.80) (34.46) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/15/2021 3137AYSH5 INTEREST EARNED ON F H L M C MLTCL MTG 1.750% 12/15/42 $1 PV ON 212.8500 SHARES DUE 11/15/2021 $0.00146/PV ON 145,955.91 PV DUE 11/15/21 - - - 212.85 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/15/2021 11/15/2021 11/15/2021 3137AYSH5 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 1.750% 12/15/42 (3,494.50) - - 3,494.50 (3,566.71) (72.21) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/15/2021 3137B5A60 INTEREST EARNED ON F H L M C MLTCL MTG 2.500% 10/15/28 $1 PV ON 18.1000 SHARES DUE 11/15/2021 $0.00208/PV ON 8,689.91 PV DUE 11/15/21 - - - 18.10 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/15/2021 11/15/2021 11/15/2021 3137B5A60 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.500% 10/15/28 (263.51) - - 263.51 (264.95) - (1.44) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/15/2021 3137B6DF5 INTEREST EARNED ON F H L M C MLTCL MTG 2.000% 11/15/26 $1 PV ON 127.5500 SHARES DUE 11/15/2021 $0.00167/PV ON 76,532.82 PV DUE 11/15/21 - - - 127.55 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/15/2021 11/15/2021 11/15/2021 3137B6DF5 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.000% 11/15/26 (4,284.81) - - 4,284.81 (4,240.29) - 44.52 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/15/2021 3137B9RN7 INTEREST EARNED ON F H L M C MLTCL MTG 2.500% 12/15/27 $1 PV ON 203.8000 SHARES DUE 11/15/2021 $0.00208/PV ON 97,823.65 PV DUE 11/15/21 - - - 203.80 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/15/2021 11/15/2021 11/15/2021 3137B9RN7 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.500% 12/15/27 (5,166.77) - - 5,166.77 (5,251.90) (85.13) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/15/2021 11/15/2021 11/15/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (52,173.68) 1.00 - 52,173.68 (52,173.68) - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/15/2021 36176XE21 INTEREST EARNED ON G N M A #778953 3.000% 3/15/27 $1 PV ON 292.4800 SHARES DUE 11/15/2021 OCTOBER GNMA DUE 11/15/21 - - - 292.48 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/15/2021 11/15/2021 11/15/2021 36176XE21 PAID DOWN PAR VALUE OF G N M A #778953 3.000% 3/15/27 OCTOBER GNMA DUE 11/15/21 (4,145.91) - - 4,145.91 (4,270.98) - (125.07) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/15/2021 36176XQB8 INTEREST EARNED ON G N M A #779250 3.000% 5/15/27 $1 PV ON 96.9400 SHARES DUE 11/15/2021 OCTOBER GNMA DUE 11/15/21 - - - 96.94 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/15/2021 11/15/2021 11/15/2021 36176XQB8 PAID DOWN PAR VALUE OF G N M A #779250 3.000% 5/15/27 OCTOBER GNMA DUE 11/15/21 (1,433.32) - - 1,433.32 (1,485.54) (52.22) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/15/2021 36297GCD0 INTEREST EARNED ON G N M A #711168 4.500% 2/15/25 $1 PV ON 167.2500 SHARES DUE 11/15/2021 OCTOBER GNMA DUE 11/15/21 - - - 167.25 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/15/2021 11/15/2021 11/15/2021 36297GCD0 PAID DOWN PAR VALUE OF G N M A #711168 4.500% 2/15/25 OCTOBER GNMA DUE 11/15/21 (3,707.45) - - 3,707.45 (3,759.78) - (52.33) Page 24 of 10262 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 91 CIP STAMP Portfolio Transaction Report by Account 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/16/2021 23337SYG3 INTEREST EARNED ON DTE GAS CO DISC COML C P 11/16/21 $1 PV ON 175000.0000 SHARES DUE 11/16/2021 175,000 PAR VALUE AT 100 % - - - 8.75 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/16/2021 11/16/2021 11/16/2021 23337SYG3 MATURED PAR VALUE OF DTE GAS CO DISC COML C P 11/16/21 175,000 PAR VALUE AT 100 % (175,000.00) 1.00 - 174,991.25 (174,991.25) - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/16/2021 11/16/2021 11/16/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 1,799.11 1.00 - (1,799.11) 1,799.11 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/16/2021 11/16/2021 11/16/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 104,172.54 1.00 - (104,172.54) 104,172.54 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/16/2021 11/16/2021 11/16/2021 38376V2E6 PAID DOWN PAR VALUE OF G N M A GTD REMIC 4.000% 7/16/39 (2,012.93) - - 2,012.93 (2,064.25) - (51.32) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/16/2021 38376V2E6 INTEREST EARNED ON G N M A GTD REMIC 4.000% 7/16/39 $1 PV ON 200.7900 SHARES DUE 11/16/2021 $0.00333/PV ON 60,237.20 PV DUE 11/16/21 - - - 200.79 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/16/2021 11/12/2021 11/16/2021 6500356Z6 PURCHASED PAR VALUE OF NEW YORK ST URBAN 2.550% 3/15/22 /CITIGROUP GLOBAL MARKETS INC./70,000 PAR VALUE AT 100.75 % 70,000.00 1.01 - (70,525.00) 70,525.00 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/16/2021 11/16/2021 6500356Z6 PAID ACCRUED INTEREST ON PURCHASE OF NEW YORK ST URBAN 2.550% 3/15/22 - - - (302.46) - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/17/2021 CASH RECEIPT TRANSFER FROM ANOTHER TRUST MT3886 TRANSFERRED FUNDS - - - 151,094.95 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/17/2021 11/10/2021 11/15/2021 14316LAC7 PURCHASED PAR VALUE OF CARMAX AUTO OWNER 2.680% 3/15/24 /BOFA SECURITIES, INC./FXD INC/74,301.62 PAR VALUE AT 101.14453016 % 74,301.62 1.01 - (75,152.02) 75,152.02 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/17/2021 11/15/2021 11/17/2021 14687AAM0 PURCHASED PAR VALUE OF CARVANA AUTO REC 0.280% 11/08/23 /NWSCUS33 DEUTSCHE BK SECS NY/9,514.27 PAR VALUE AT 99.9999958 % 9,514.27 1.00 - (9,514.27) 9,514.27 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/17/2021 11/17/2021 14687AAM0 PAID ACCRUED INTEREST ON PURCHASE OF CARVANA AUTO REC 0.280% 11/08/23 - - - (0.67) - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/17/2021 11/17/2021 11/17/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 250,941.86 1.00 - (250,941.86) 250,941.86 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/17/2021 11/17/2021 11/17/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (9,514.94) 1.00 - 9,514.94 (9,514.94) - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/17/2021 63743CYK3 INTEREST EARNED ON NATIONAL RURAL UTILS C P 11/19/21 $1 PV ON 175000.0000 SHARES DUE 11/17/2021 175,000 PAR VALUE AT 99.99938857 % - - - 8.12 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/17/2021 11/17/2021 11/17/2021 63743CYK3 SOLD PAR VALUE OF NATIONAL RURAL UTILS C P 11/19/21 /RBC CAPITAL MARKETS, LLC/175,000 PAR VALUE AT 99.99938857 % (175,000.00) 1.00 - 174,990.81 (174,990.81) - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/18/2021 11/18/2021 11/18/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (100,000.00) 1.00 - 100,000.00 (100,000.00) - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/18/2021 11/12/2021 11/18/2021 67908PBA3 PURCHASED PAR VALUE OF OKLAHOMA ST CAPITOL 0.453% 7/01/22 /J.P. MORGAN SECURITIES LLC/100,000 PAR VALUE AT 100 % 100,000.00 1.00 - (100,000.00) 100,000.00 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/19/2021 11/19/2021 11/19/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (90,472.32) 1.00 - 90,472.32 (90,472.32) - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/19/2021 11/19/2021 46647PCA2 PAID ACCRUED INTEREST ON PURCHASE OF JPMORGAN CHASE CO 0.62923% 3/16/24 - - - (100.62) - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/19/2021 11/16/2021 11/19/2021 46647PCA2 PURCHASED PAR VALUE OF JPMORGAN CHASE CO 0.62923% 3/16/24 /MSNYUS33 MORGAN STANLEY NY/90,000 PAR VALUE AT 100.413 % 90,000.00 1.00 - (90,371.70) 90,371.70 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/22/2021 CASH RECEIPT TRANSFER FROM INCOME 1 - - - 2,190.88 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/22/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL 1 - - - (2,190.88) - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/22/2021 11/22/2021 11/22/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 947.58 1.00 - (947.58) 947.58 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/22/2021 11/22/2021 11/22/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 267,448.29 1.00 - (267,448.29) 267,448.29 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/22/2021 36179MU32 INTEREST EARNED ON G N M A I I #MA0602 3.000% 12/20/27 $1 PV ON 173.9800 SHARES DUE 11/20/2021 OCTOBER GNMA DUE 11/20/21 - - - 173.98 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/22/2021 11/20/2021 11/22/2021 36179MU32 PAID DOWN PAR VALUE OF G N M A I I #MA0602 3.000% 12/20/27 OCTOBER GNMA DUE 11/20/21 (2,109.42) - - 2,109.42 (2,183.69) - (74.27) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/22/2021 36179NAJ7 INTEREST EARNED ON G N M A I I #MA0909 3.000% 4/20/28 $1 PV ON 66.0400 SHARES DUE 11/20/2021 OCTOBER GNMA DUE 11/20/21 - - - 66.04 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/22/2021 11/20/2021 11/22/2021 36179NAJ7 PAID DOWN PAR VALUE OF G N M A I I #MA0909 3.000% 4/20/28 OCTOBER GNMA DUE 11/20/21 (740.04) - - 740.04 (767.62) - (27.58) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/22/2021 36179NHK7 INTEREST EARNED ON G N M A I I #MA1134 3.000% 7/20/28 $1 PV ON 191.6500 SHARES DUE 11/20/2021 OCTOBER GNMA DUE 11/20/21 - - - 191.65 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/22/2021 11/20/2021 11/22/2021 36179NHK7 PAID DOWN PAR VALUE OF G N M A I I #MA1134 3.000% 7/20/28 OCTOBER GNMA DUE 11/20/21 (2,928.70) - - 2,928.70 (3,056.65) (127.95) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/22/2021 36179RHM4 INTEREST EARNED ON G N M A I I #MA2936 3.500% 7/20/30 $1 PV ON 198.7800 SHARES DUE 11/20/2021 OCTOBER GNMA DUE 11/20/21 - - - 198.78 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/22/2021 11/20/2021 11/22/2021 36179RHM4 PAID DOWN PAR VALUE OF G N M A I I #MA2936 3.500% 7/20/30 OCTOBER GNMA DUE 11/20/21 (1,547.07) - - 1,547.07 (1,617.60) - (70.53) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/22/2021 36179TF83 INTEREST EARNED ON G N M A I I #MA4691 3.500% 9/20/32 $1 PV ON 191.6200 SHARES DUE 11/20/2021 OCTOBER GNMA DUE 11/20/21 - - - 191.62 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/22/2021 11/20/2021 11/22/2021 36179TF83 PAID DOWN PAR VALUE OF G N M A I I #MA4691 3.500% 9/20/32 OCTOBER GNMA DUE 11/20/21 (2,184.75) - - 2,184.75 (2,295.95) - (111.20) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/22/2021 36202F3H7 INTEREST EARNED ON G N M A I I #005300 3.000% 2/20/27 $1 PV ON 147.1500 SHARES DUE 11/20/2021 OCTOBER GNMA DUE 11/20/21 - - - 147.15 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/22/2021 11/20/2021 11/22/2021 36202F3H7 PAID DOWN PAR VALUE OF G N M A I I #005300 3.000% 2/20/27 OCTOBER GNMA DUE 11/20/21 (2,533.63) - - 2,533.63 (2,621.10) (87.47) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/22/2021 11/18/2021 11/22/2021 38141GXW9 PURCHASED PAR VALUE OF GOLDMAN SACHS 0.62926% 3/08/24 /WFSLUS33 WELLS FARGO CHARL NC/90,000 PAR VALUE AT 100.0879 % 90,000.00 1.00 - (90,079.11) 90,079.11 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/22/2021 11/22/2021 38141GXW9 PAID ACCRUED INTEREST ON PURCHASE OF GOLDMAN SACHS 0.62926% 3/08/24 - - - (117.95) - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/22/2021 11/20/2021 11/22/2021 38376TTT9 PAID DOWN PAR VALUE OF G N M A GTD REMIC 3.000% 11/20/39 (708.86) - - 708.86 (720.08) - (11.22) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/22/2021 38376TTT9 INTEREST EARNED ON G N M A GTD REMIC 3.000% 11/20/39 $1 PV ON 53.1000 SHARES DUE 11/20/2021 $0.00250/PV ON 21,240.82 PV DUE 11/20/21 - - - 53.10 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/22/2021 11/20/2021 11/22/2021 38376WA62 PAID DOWN PAR VALUE OF G N M A GTD REMIC 4.000% 10/20/39 (1,931.49) - - 1,931.49 (1,994.79) - (63.30) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/22/2021 38376WA62 INTEREST EARNED ON G N M A GTD REMIC 4.000% 10/20/39 $1 PV ON 159.7200 SHARES DUE 11/20/2021 $0.00333/PV ON 47,915.80 PV DUE 11/20/21 - - - 159.72 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/22/2021 11/20/2021 11/22/2021 38377LFC7 PAID DOWN PAR VALUE OF G N M A GTD REMIC 2.500% 12/20/39 (3,111.59) - - 3,111.59 (3,139.78) (28.19) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/22/2021 38377LFC7 INTEREST EARNED ON G N M A GTD REMIC 2.500% 12/20/39 $1 PV ON 36.7500 SHARES DUE 11/20/2021 $0.00208/PV ON 17,639.62 PV DUE 11/20/21 - - - 36.75 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/22/2021 11/20/2021 11/22/2021 38377QKH9 PAID DOWN PAR VALUE OF G N M A GTD REMIC 3.000% 8/20/40 (1,084.02) - - 1,084.02 (1,096.36) - (12.34) Page 25 of 10263 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 91 CIP STAMP Portfolio Transaction Report by Account 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/22/2021 38377QKH9 INTEREST EARNED ON G N M A GTD REMIC 3.000% 8/20/40 $1 PV ON 38.5100 SHARES DUE 11/20/2021 $0.00250/PV ON 15,402.54 PV DUE 11/20/21 - - - 38.51 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/22/2021 11/20/2021 11/22/2021 38377RVK8 PAID DOWN PAR VALUE OF G N M A GTD REMIC 3.000% 4/20/39 (3,563.86) - - 3,563.86 (3,633.53) (69.67) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/22/2021 38377RVK8 INTEREST EARNED ON G N M A GTD REMIC 3.000% 4/20/39 $1 PV ON 120.4500 SHARES DUE 11/20/2021 $0.00250/PV ON 48,180.77 PV DUE 11/20/21 - - - 120.45 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/22/2021 11/20/2021 11/22/2021 38377YTL4 PAID DOWN PAR VALUE OF G N M A GTD REMIC 2.000% 5/20/40 (2,623.16) - - 2,623.16 (2,591.19) - 31.97 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/22/2021 38377YTL4 INTEREST EARNED ON G N M A GTD REMIC 2.000% 5/20/40 $1 PV ON 79.0000 SHARES DUE 11/20/2021 $0.00167/PV ON 47,401.85 PV DUE 11/20/21 - - - 79.00 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/22/2021 11/20/2021 11/22/2021 38378AU90 PAID DOWN PAR VALUE OF G N M A GTD REMIC 3.000% 10/20/26 (3,437.32) - - 3,437.32 (3,491.53) - (54.21) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/22/2021 38378AU90 INTEREST EARNED ON G N M A GTD REMIC 3.000% 10/20/26 $1 PV ON 124.0500 SHARES DUE 11/20/2021 $0.00250/PV ON 49,619.89 PV DUE 11/20/21 - - - 124.05 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/22/2021 11/20/2021 11/22/2021 38378FRB8 PAID DOWN PAR VALUE OF G N M A GTD REMIC 2.000% 7/20/42 (3,571.27) - - 3,571.27 (3,518.82) - 52.45 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/22/2021 38378FRB8 INTEREST EARNED ON G N M A GTD REMIC 2.000% 7/20/42 $1 PV ON 200.8400 SHARES DUE 11/20/2021 $0.00167/PV ON 120,502.34 PV DUE 11/20/21 - - - 200.84 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/22/2021 11/20/2021 11/22/2021 38378HAU0 PAID DOWN PAR VALUE OF G N M A GTD REMIC 1.500% 8/20/27 (1,847.49) - - 1,847.49 (1,872.35) (24.86) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/22/2021 38378HAU0 INTEREST EARNED ON G N M A GTD REMIC 1.500% 8/20/27 $1 PV ON 68.6600 SHARES DUE 11/20/2021 $0.00125/PV ON 54,931.58 PV DUE 11/20/21 - - - 68.66 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/22/2021 11/20/2021 11/22/2021 38378JZD7 PAID DOWN PAR VALUE OF G N M A GTD REMIC 1.500% 12/20/40 (873.27) - - 873.27 (862.35) - 10.92 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/22/2021 38378JZD7 INTEREST EARNED ON G N M A GTD REMIC 1.500% 12/20/40 $1 PV ON 24.7300 SHARES DUE 11/20/2021 $0.00125/PV ON 19,784.02 PV DUE 11/20/21 - - - 24.73 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/22/2021 11/20/2021 11/22/2021 38378TAF7 PAID DOWN PAR VALUE OF G N M A GTD REMIC 2.500% 7/20/41 (1,892.10) - - 1,892.10 (1,894.25) - (2.15) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/22/2021 38378TAF7 INTEREST EARNED ON G N M A GTD REMIC 2.500% 7/20/41 $1 PV ON 131.0300 SHARES DUE 11/20/2021 $0.00208/PV ON 62,896.59 PV DUE 11/20/21 - - - 131.03 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/22/2021 92347YAC8 INTEREST EARNED ON VERIZON OWNER TRUST 3.020% 9/20/23 $1 PV ON 88.0800 SHARES DUE 11/20/2021 $0.00252/PV ON 35,000.00 PV DUE 11/20/21 - - - 88.08 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/22/2021 98162HAC4 INTEREST EARNED ON WORLD OMNI 1.700% 1/15/23 $1 PV ON 35000.0000 SHARES DUE 11/15/2021 - - - 49.58 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/23/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL 1 - - - (74.31) - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/23/2021 CASH RECEIPT TRANSFER FROM INCOME 1 - - - 74.31 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/23/2021 11/23/2021 11/23/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 82,519.37 1.00 - (82,519.37) 82,519.37 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 CASH RECEIPT PRINCIPAL DUE 3137BVZ74 11/25/21 PAYDOWN - - - 2,149.49 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 CASH RECEIPT TRANSFER FROM INCOME 1 - - - 10,112.21 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL 1 - - - (10,112.21) - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 3132A8GL7 INTEREST EARNED ON F H L M C #ZS7403 3.000% 5/01/31 $1 PV ON 211.6800 SHARES DUE 11/25/2021 OCTOBER FHLMC DUE 11/25/21 - - - 211.68 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 11/25/2021 11/26/2021 3132A8GL7 PAID DOWN PAR VALUE OF F H L M C #ZS7403 3.000% 5/01/31 OCTOBER FHLMC DUE 11/25/21 (2,110.90) - - 2,110.90 (2,233.93) (123.03) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 3132A9T64 INTEREST EARNED ON F H L M C #ZS8673 3.000% 10/01/32 $1 PV ON 281.7300 SHARES DUE 11/25/2021 OCTOBER FHLMC DUE 11/25/21 - - - 281.73 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 11/25/2021 11/26/2021 3132A9T64 PAID DOWN PAR VALUE OF F H L M C #ZS8673 3.000% 10/01/32 OCTOBER FHLMC DUE 11/25/21 (3,887.65) - - 3,887.65 (4,051.18) - (163.53) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 3132D9C93 INTEREST EARNED ON F H L M C #SC0096 3.000% 10/01/40 $1 PV ON 441.5100 SHARES DUE 11/25/2021 OCTOBER FHLMC DUE 11/25/21 - - - 441.51 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 11/25/2021 11/26/2021 3132D9C93 PAID DOWN PAR VALUE OF F H L M C #SC0096 3.000% 10/01/40 OCTOBER FHLMC DUE 11/25/21 (3,295.24) - - 3,295.24 (3,494.16) (198.92) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 3136A8SX9 INTEREST EARNED ON F N M A GTD REMIC 1.500% 9/25/27 $1 PV ON 50.8400 SHARES DUE 11/25/2021 $0.00125/PV ON 40,672.98 PV DUE 11/25/21 - - - 50.84 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 11/25/2021 11/26/2021 3136A8SX9 PAID DOWN PAR VALUE OF F N M A GTD REMIC 1.500% 9/25/27 (1,311.46) - - 1,311.46 (1,331.11) (19.65) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 3136ABNZ2 INTEREST EARNED ON F N M A GTD REMIC 2.000% 11/25/42 $1 PV ON 79.9800 SHARES DUE 11/25/2021 $0.00167/PV ON 47,988.17 PV DUE 11/25/21 - - - 79.98 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 11/25/2021 11/26/2021 3136ABNZ2 PAID DOWN PAR VALUE OF F N M A GTD REMIC 2.000% 11/25/42 (1,892.86) - - 1,892.86 (1,925.51) (32.65) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 3136ADFF1 INTEREST EARNED ON F N M A GTD REMIC 1.500% 4/25/23 $1 PV ON 32.2100 SHARES DUE 11/25/2021 $0.00125/PV ON 25,766.41 PV DUE 11/25/21 - - - 32.21 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 11/25/2021 11/26/2021 3136ADFF1 PAID DOWN PAR VALUE OF F N M A GTD REMIC 1.500% 4/25/23 (2,155.96) - - 2,155.96 (2,124.97) - 30.99 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 3136AEY84 INTEREST EARNED ON F N M A GTD REMIC 1.750% 7/25/28 $1 PV ON 68.3100 SHARES DUE 11/25/2021 $0.00146/PV ON 46,838.71 PV DUE 11/25/21 - - - 68.31 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 11/25/2021 11/26/2021 3136AEY84 PAID DOWN PAR VALUE OF F N M A GTD REMIC 1.750% 7/25/28 (2,360.87) - - 2,360.87 (2,399.76) (38.89) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 3136AHAE0 INTEREST EARNED ON F N M A GTD REMIC 2.623% 4/25/23 $1 PV ON 55.0400 SHARES DUE 11/25/2021 $0.00213/PV ON 25,819.65 PV DUE 11/25/21 - - - 55.04 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 11/25/2021 11/26/2021 3136AHAE0 PAID DOWN PAR VALUE OF F N M A GTD REMIC 2.623% 4/25/23 (34.98) - - 34.98 (35.11) - (0.13) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 3136AQZK9 INTEREST EARNED ON F N M A GTD REMIC 2.000% 11/25/31 $1 PV ON 123.8400 SHARES DUE 11/25/2021 $0.00167/PV ON 74,303.83 PV DUE 11/25/21 - - - 123.84 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 11/25/2021 11/26/2021 3136AQZK9 PAID DOWN PAR VALUE OF F N M A GTD REMIC 2.000% 11/25/31 (1,677.32) - - 1,677.32 (1,722.76) (45.44) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 3137B3NW4 INTEREST EARNED ON F H L M C MLTCL MTG 2.778% 9/25/22 $1 PV ON 35.6600 SHARES DUE 11/25/2021 $0.00231/PV ON 16,844.16 PV DUE 11/25/21 - - - 35.66 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 11/25/2021 11/26/2021 3137B3NW4 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.778% 9/25/22 (1,387.69) - - 1,387.69 (1,400.39) (12.70) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 3137B7YX1 INTEREST EARNED ON F H L M C MLTCL MTG 2.592% 4/25/23 $1 PV ON 227.9200 SHARES DUE 11/25/2021 $0.00216/PV ON 6,134.11 PV DUE 11/25/21 - - - 227.92 - - - Page 26 of 10264 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 91 CIP STAMP Portfolio Transaction Report by Account 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 11/22/2021 3137B7YX1 RECEIVED ACCRUED INTEREST ON SALE OF F H L M C MLTCL MTG 2.592% 4/25/23 - - - 150.85 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 11/25/2021 11/26/2021 3137B7YX1 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.592% 4/25/23 (5,744.96) - - 5,744.96 (5,839.50) (94.54) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 11/17/2021 11/22/2021 3137B7YX1 SOLD PAR VALUE OF F H L M C MLTCL MTG 2.592% 4/25/23 /SBNYUS33 CITGROUP GBL MKTS NY/99,771.55 PAR VALUE AT 101.39061686 % (99,771.55) 1.01 - 101,158.99 (101,413.28) (254.29) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 3137BLAC2 INTEREST EARNED ON F H L M C MLTCL MT 3.284% 6/25/25 $1 PV ON 410.5000 SHARES DUE 11/25/2021 $0.00274/PV ON 150,000.00 PV DUE 11/25/21 - - - 410.50 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 3137BP4K2 INTEREST EARNED ON F H L M C MLTCL MTG 2.849% 3/25/26 $1 PV ON 474.8400 SHARES DUE 11/25/2021 $0.00237/PV ON 200,000.00 PV DUE 11/25/21 - - - 474.84 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 3137BVZ74 INTEREST EARNED ON F H L M C MLTCL MTG 3.045% 8/25/26 $1 PV ON 291557.2500 SHARES DUE 11/25/2021 - - - 734.26 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 11/22/2021 3137BVZ74 RECEIVED ACCRUED INTEREST ON SALE OF F H L M C MLTCL MTG 3.045% 8/25/26 - - - 510.17 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 11/17/2021 11/22/2021 3137BVZ74 SOLD PAR VALUE OF F H L M C MLTCL MTG 3.045% 8/25/26 /MUSCUS33 MITSUBISHI UFJ SEC./287,215.05 PAR VALUE AT 104.46874563 % (287,215.05) 1.04 - 300,049.96 (303,474.51) - (3,424.55) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 3137F4CY6 INTEREST EARNED ON F H L M C MLTCL MT 0.52896% 9/25/24 $1 PV ON 462.3300 SHARES DUE 11/25/2021 $0.00243/PV ON 190,000.00 PV DUE 11/25/21 - - - 462.33 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 3137F4D41 INTEREST EARNED ON F H L M C MLTCL MT 0.24996% 1/25/28 $1 PV ON 450.0000 SHARES DUE 11/25/2021 $0.00300/PV ON 150,000.00 PV DUE 11/25/21 - - - 450.00 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 3137FBAB2 INTEREST EARNED ON F H L M C MLTCL MT 2.77704% 8/25/27 $1 PV ON 329.1200 SHARES DUE 11/25/2021 $0.00253/PV ON 130,000.00 PV DUE 11/25/21 - - - 329.12 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 3137FBAJ5 INTEREST EARNED ON F H L M C MLTCL MT 3.52704% 8/25/27 $1 PV ON 546.8400 SHARES DUE 11/25/2021 $0.00273/PV ON 200,000.00 PV DUE 11/25/21 - - - 546.84 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 3137FL6P4 INTEREST EARNED ON F H L M C MLTCL MT 0.62136% 1/25/29 $1 PV ON 816.5300 SHARES DUE 11/25/2021 $0.00297/PV ON 275,000.00 PV DUE 11/25/21 - - - 816.53 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 3137FMD66 INTEREST EARNED ON F H L M C MLTCL MT 2.283% 5/25/26 $1 PV ON 1100.3800 SHARES DUE 11/25/2021 $0.01947/PV ON 66,221.20 PV DUE 11/25/21 - - - 1,100.38 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 11/25/2021 11/26/2021 3137FMD66 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 2.283% 5/25/26 (19,139.97) - - 19,139.97 (19,938.34) - (798.37) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 3137FNAD2 INTEREST EARNED ON F H L M C MLTCL MT 2.87496% 11/25/28 $1 PV ON 317.1800 SHARES DUE 11/25/2021 $0.00219/PV ON 144,866.30 PV DUE 11/25/21 - - - 317.18 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 11/25/2021 11/26/2021 3137FNAD2 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 2.87496% 11/25/28 (186.88) - - 186.88 (189.75) - (2.87) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 3137FPJF3 INTEREST EARNED ON F H L M C MLTCL MT 2.258% 6/25/29 $1 PV ON 361.4300 SHARES DUE 11/25/2021 $0.00188/PV ON 192,518.96 PV DUE 11/25/21 - - - 361.43 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 11/25/2021 11/26/2021 3137FPJF3 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 2.258% 6/25/29 (412.96) - - 412.96 (414.49) - (1.53) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 11/25/2021 11/26/2021 3137FPJP1 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 2.21604% 7/25/29 (384.46) - - 384.46 (403.33) (18.87) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 3137FPJP1 INTEREST EARNED ON F H L M C MLTCL MT 2.21604% 7/25/29 $1 PV ON 176.0700 SHARES DUE 11/25/2021 $0.00186/PV ON 94,750.51 PV DUE 11/25/21 - - - 176.07 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 3137FQ3Y7 INTEREST EARNED ON F H L M C MLTCL MT 2.51196% 7/25/29 $1 PV ON 351.9900 SHARES DUE 11/25/2021 $0.00183/PV ON 193,310.85 PV DUE 11/25/21 - - - 351.99 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 11/25/2021 11/26/2021 3137FQ3Y7 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 2.51196% 7/25/29 (468.92) - - 468.92 (469.05) - (0.13) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 11/25/2021 11/26/2021 3137FWHY9 PAID DOWN PAR VALUE OF F H L M C MLTCL 0.826% 9/25/30 (986.43) - - 986.43 (981.50) - 4.93 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 3137FWHY9 INTEREST EARNED ON F H L M C MLTCL 0.826% 9/25/30 $1 PV ON 129.1900 SHARES DUE 11/25/2021 $0.00069/PV ON 187,602.50 PV DUE 11/25/21 - - - 129.19 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 3138EJPZ5 INTEREST EARNED ON F N M A #AL2239 3.370% 7/01/22 $1 PV ON 32.0400 SHARES DUE 11/25/2021 OCTOBER FNMA DUE 11/25/21 - - - 32.04 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 11/25/2021 11/26/2021 3138EJPZ5 PAID DOWN PAR VALUE OF F N M A #AL2239 3.370% 7/01/22 OCTOBER FNMA DUE 11/25/21 (36.23) - - 36.23 (36.40) - (0.17) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 3138L2QG5 INTEREST EARNED ON F N M A #AM2254 3.010% 1/01/28 $1 PV ON 635.8200 SHARES DUE 11/25/2021 OCTOBER FNMA DUE 11/25/21 - - - 635.82 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 11/25/2021 11/26/2021 3138L2QG5 PAID DOWN PAR VALUE OF F N M A #AM2254 3.010% 1/01/28 OCTOBER FNMA DUE 11/25/21 (794.31) - - 794.31 (830.88) - (36.57) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 3138LFGP7 INTEREST EARNED ON F N M A #AN2905 2.550% 10/01/28 $1 PV ON 647.4100 SHARES DUE 11/25/2021 OCTOBER FNMA DUE 11/25/21 - - - 647.41 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 11/25/2021 11/26/2021 3138LFGP7 PAID DOWN PAR VALUE OF F N M A #AN2905 2.550% 10/01/28 OCTOBER FNMA DUE 11/25/21 (420.76) - - 420.76 (432.31) - (11.55) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 3140J6FU6 INTEREST EARNED ON F N M A #BM1978 3.000% 10/01/32 $1 PV ON 204.7500 SHARES DUE 11/25/2021 OCTOBER FNMA DUE 11/25/21 - - - 204.75 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 11/25/2021 11/26/2021 3140J6FU6 PAID DOWN PAR VALUE OF F N M A #BM1978 3.000% 10/01/32 OCTOBER FNMA DUE 11/25/21 (1,439.64) - - 1,439.64 (1,519.05) - (79.41) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 3140JAU97 INTEREST EARNED ON F N M A #BM6007 2.596% 6/01/49 $1 PV ON 42694.4200 SHARES DUE 11/25/2021 PAYMENT PENALTY - - - 58.07 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 3140JAU97 INTEREST EARNED ON F N M A #BM6007 2.596% 6/01/49 $1 PV ON 97.1300 SHARES DUE 11/25/2021 P & I DUE 11/25/21 - - - 97.13 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 11/25/2021 11/26/2021 3140JAU97 PAID DOWN PAR VALUE OF F N M A #BM6007 2.596% 6/01/49 P & I DUE 11/25/21 (6,412.29) - - 6,412.29 (6,654.80) - (242.51) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 31417YKF3 INTEREST EARNED ON F N M A #MA0293 4.500% 1/01/30 $1 PV ON 148.6300 SHARES DUE 11/25/2021 OCTOBER FNMA DUE 11/25/21 - - - 148.63 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 11/25/2021 11/26/2021 31417YKF3 PAID DOWN PAR VALUE OF F N M A #MA0293 4.500% 1/01/30 OCTOBER FNMA DUE 11/25/21 (1,053.33) - - 1,053.33 (1,118.96) - (65.63) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 31418DQ47 INTEREST EARNED ON F N M A #MA4074 2.000% 6/01/35 $1 PV ON 332.5600 SHARES DUE 11/25/2021 OCTOBER FNMA DUE 11/25/21 - - - 332.56 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 11/25/2021 11/26/2021 31418DQ47 PAID DOWN PAR VALUE OF F N M A #MA4074 2.000% 6/01/35 OCTOBER FNMA DUE 11/25/21 (6,627.68) - - 6,627.68 (6,837.10) (209.42) - Page 27 of 10265 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 91 CIP STAMP Portfolio Transaction Report by Account 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 31418DVU3 INTEREST EARNED ON F N M A #MA4226 2.000% 12/01/30 $1 PV ON 275.8000 SHARES DUE 11/25/2021 OCTOBER FNMA DUE 11/25/21 - - - 275.80 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 11/25/2021 11/26/2021 31418DVU3 PAID DOWN PAR VALUE OF F N M A #MA4226 2.000% 12/01/30 OCTOBER FNMA DUE 11/25/21 (4,129.54) - - 4,129.54 (4,286.55) (157.01) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 31418DXH0 INTEREST EARNED ON F N M A #MA4279 2.000% 3/01/36 $1 PV ON 300.0800 SHARES DUE 11/25/2021 OCTOBER FNMA DUE 11/25/21 - - - 300.08 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 11/25/2021 11/26/2021 31418DXH0 PAID DOWN PAR VALUE OF F N M A #MA4279 2.000% 3/01/36 OCTOBER FNMA DUE 11/25/21 (3,692.93) - - 3,692.93 (3,815.99) (123.06) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 11/26/2021 11/26/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 6,567.49 1.00 - (6,567.49) 6,567.49 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/26/2021 11/26/2021 11/26/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 75,746.14 1.00 - (75,746.14) 75,746.14 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/29/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL 1 - - - (876.96) - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/29/2021 CASH RECEIPT TRANSFER FROM INCOME 1 - - - 876.96 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/29/2021 11/29/2021 11/29/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (114.22) 1.00 - 114.22 (114.22) - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/29/2021 11/29/2021 11/29/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (5,199.15) 1.00 - 5,199.15 (5,199.15) - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/29/2021 11/18/2021 11/22/2021 842400HC0 PURCHASED PAR VALUE OF SOUTHERN CA EDISON 0.89867% 4/01/24 /MSNYUS33 MORGAN STANLEY NY/90,000 PAR VALUE AT 100.213 % 90,000.00 1.00 - (90,191.70) 90,191.70 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/29/2021 11/22/2021 842400HC0 PAID ACCRUED INTEREST ON PURCHASE OF SOUTHERN CA EDISON 0.89867% 4/01/24 - - - (114.22) - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/30/2021 3132WSF97 INTEREST EARNED ON F H L M C GD WA1102 1.920% 12/01/28 $1 PV ON 198.4300 SHARES DUE 11/25/2021 11/25/21 PAYMENT - - - 198.43 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/30/2021 11/25/2021 11/30/2021 3132WSF97 PAID DOWN PAR VALUE OF F H L M C GD WA1102 1.920% 12/01/28 11/25/21 PAYMENT (166.60) - - 166.60 (173.95) (7.35) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 11/30/2021 11/30/2021 11/30/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 365.03 1.00 - (365.03) 365.03 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/01/2021 CASH RECEIPT TRANSFER FROM INCOME 1 - - - 84.21 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/01/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL 1 - - - (84.21) - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/01/2021 11/10/2021 12/01/2021 235241VW3 PURCHASED PAR VALUE OF DALLAS TX 4.000% 12/01/22 /RCMCUS31 UNITED STATES/105,000 PAR VALUE AT 103.657 % 105,000.00 1.04 - (108,839.85) 108,839.85 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/01/2021 31846V203 INTEREST EARNED ON FIRST AM GOVT OB FD CL Y UNIT ON 0.0000 SHARES DUE 11/30/2021 INTEREST FROM 11/1/21 TO 11/30/21 - - - 1.43 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/01/2021 12/01/2021 12/01/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (193,839.85) 1.00 - 193,839.85 (193,839.85) - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/01/2021 11/18/2021 12/01/2021 575625AT5 PURCHASED PAR VALUE OF MASSACHUSETTS CLEAN 0.576% 7/01/22 /PIPER SANDLER & CO/85,000 PAR VALUE AT 100 % 85,000.00 1.00 - (85,000.00) 85,000.00 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/02/2021 11/30/2021 12/02/2021 06051GGJ2 PURCHASED PAR VALUE OF BANK OF AMERICA 1.25886% 4/24/23 /MTGSUS6SFIC BOFA SECS NEW YORK/145,000 PAR VALUE AT 100.31750345 % 145,000.00 1.00 - (145,460.38) 145,460.38 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/02/2021 12/02/2021 06051GGJ2 PAID ACCRUED INTEREST ON PURCHASE OF BANK OF AMERICA 1.25886% 4/24/23 - - - (172.02) - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/02/2021 12/02/2021 14042WAC4 PAID ACCRUED INTEREST ON PURCHASE OF CAPITAL ONE PRIME 2.510% 11/15/23 - - - (6.63) - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/02/2021 12/02/2021 14042WAC4 PAID ACCRUED INTEREST ON PURCHASE OF CAPITAL ONE PRIME 2.510% 11/15/23 - - - (2.22) - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/02/2021 12/02/2021 14042WAC4 PAID ACCRUED INTEREST ON PURCHASE OF CAPITAL ONE PRIME 2.510% 11/15/23 - - - (13.26) - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/02/2021 11/30/2021 12/02/2021 14042WAC4 PURCHASED PAR VALUE OF CAPITAL ONE PRIME 2.510% 11/15/23 /MUSCUS33 MITSUBISHI UFJ SEC./5,595.05 PAR VALUE AT 100.74226685 % 5,595.05 1.01 - (5,636.58) 5,636.58 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/02/2021 11/30/2021 12/02/2021 14042WAC4 PURCHASED PAR VALUE OF CAPITAL ONE PRIME 2.510% 11/15/23 /JPMSUS3X JP MORGAN SEC NY/1,865.07 PAR VALUE AT 100.73831009 % 1,865.07 1.01 - (1,878.84) 1,878.84 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/02/2021 11/30/2021 12/02/2021 14042WAC4 PURCHASED PAR VALUE OF CAPITAL ONE PRIME 2.510% 11/15/23 /RCMCUS31 UNITED STATES/11,190.1 PAR VALUE AT 100.75781631 % 11,190.10 1.01 - (11,274.90) 11,274.90 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/02/2021 12/02/2021 172967KX8 PAID ACCRUED INTEREST ON PURCHASE OF CITIGROUP INC 1.54988% 9/01/23 - - - (4.30) - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/02/2021 11/30/2021 12/02/2021 172967KX8 PURCHASED PAR VALUE OF CITIGROUP INC 1.54988% 9/01/23 /MSNYUS33 MORGAN STANLEY NY/100,000 PAR VALUE AT 100.8116 % 100,000.00 1.01 - (100,811.60) 100,811.60 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/02/2021 11/30/2021 12/02/2021 31418DQ47 SOLD PAR VALUE OF F N M A #MA4074 2.000% 6/01/35 /AMHERST PIERPONT SECURITIES/160,758.63 PAR VALUE AT 102.61718772 % (160,758.63) 1.03 - 164,965.98 (165,930.44) (964.46) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/02/2021 12/02/2021 31418DQ47 RECEIVED ACCRUED INTEREST ON SALE OF F N M A #MA4074 2.000% 6/01/35 - - - 8.93 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/02/2021 12/02/2021 12/02/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (426,218.86) 1.00 - 426,218.86 (426,218.86) - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/02/2021 11/30/2021 12/02/2021 60687YAN9 PURCHASED PAR VALUE OF MIZUHO FINANCIAL 1.08088% 9/11/22 /MHSCUS33 MIZUHO SECS USA NY/200,000 PAR VALUE AT 100.5081 % 200,000.00 1.01 - (201,016.20) 201,016.20 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/02/2021 12/02/2021 60687YAN9 PAID ACCRUED INTEREST ON PURCHASE OF MIZUHO FINANCIAL 1.08088% 9/11/22 - - - (441.84) - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/02/2021 12/02/2021 65479HAC1 PAID ACCRUED INTEREST ON PURCHASE OF NISSAN AUTO 2.500% 11/15/23 - - - (39.80) - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/02/2021 11/30/2021 12/02/2021 65479HAC1 PURCHASED PAR VALUE OF NISSAN AUTO 2.500% 11/15/23 /BARCUS3B BARCLAYS CAP WHIPPANY/33,712.6 PAR VALUE AT 100.89061836 % 33,712.60 1.01 - (34,012.85) 34,012.85 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/02/2021 11/30/2021 12/02/2021 78015K7K4 PURCHASED PAR VALUE OF ROYAL BK OF MTN 0.49696% 10/26/23 /MORGAN STANLEY & CO. LLC/90,000 PAR VALUE AT 100.4195 % 90,000.00 1.00 - (90,377.55) 90,377.55 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/02/2021 12/02/2021 78015K7K4 PAID ACCRUED INTEREST ON PURCHASE OF ROYAL BK OF MTN 0.49696% 10/26/23 - - - (46.23) - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/03/2021 12/03/2021 12/03/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 237,885.90 1.00 - (237,885.90) 237,885.90 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/03/2021 12/01/2021 12/03/2021 80285RAE8 PURCHASED PAR VALUE OF SANTANDER DRIVE 0.960% 11/15/24 /BNP PARIBAS SECURITIES BOND/20,000 PAR VALUE AT 100.1094 % 20,000.00 1.00 - (20,021.88) 20,021.88 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/03/2021 12/03/2021 80285RAE8 PAID ACCRUED INTEREST ON PURCHASE OF SANTANDER DRIVE 0.960% 11/15/24 - - - (9.60) - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/08/2021 14687AAM0 INTEREST EARNED ON CARVANA AUTO REC 0.280% 11/08/23 $1 PV ON 2.2200 SHARES DUE 12/8/2021 $0.00023/PV ON 9,514.27 PV DUE 12/ 8/21 - - - 2.22 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/08/2021 12/08/2021 12/08/2021 14687AAM0 PAID DOWN PAR VALUE OF CARVANA AUTO REC 0.280% 11/08/23 (2,404.14) - - 2,404.14 (2,404.14) - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/08/2021 12/08/2021 12/08/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (87,899.56) 1.00 - 87,899.56 (87,899.56) - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/08/2021 12/08/2021 12/08/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (54,856.84) 1.00 - 54,856.84 (54,856.84) - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/08/2021 38141GXW9 INTEREST EARNED ON GOLDMAN SACHS 0.62926% 3/08/24 $1 PV ON 90000.0000 SHARES DUE 12/8/2021 - - - 143.16 - - - Page 28 of 10266 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 91 CIP STAMP Portfolio Transaction Report by Account 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/08/2021 11/18/2021 12/08/2021 79739GPB6 PURCHASED PAR VALUE OF SAN DIEGO CNTY CA 0.654% 7/01/23 /BOFA SECURITIES, INC./55,000 PAR VALUE AT 100 % 55,000.00 1.00 - (55,000.00) 55,000.00 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/09/2021 11/30/2021 12/03/2021 3138LFGP7 SOLD PAR VALUE OF F N M A #AN2905 2.550% 10/01/28 /BMO CAPITAL MARKETS CORP./244,968.18 PAR VALUE AT 105.10937788 % (244,968.18) 1.05 - 257,484.53 (251,692.31) - 5,792.22 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/09/2021 12/03/2021 3138LFGP7 RECEIVED ACCRUED INTEREST ON SALE OF F N M A #AN2905 2.550% 10/01/28 - - - 34.70 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/09/2021 12/09/2021 12/09/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (146,878.91) 1.00 - 146,878.91 (146,878.91) - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/09/2021 11/17/2021 12/09/2021 346604LK5 PURCHASED PAR VALUE OF FORSYTH CNTY GA SCH 0.921% 2/01/24 /CITIGROUP GLOBAL MARKETS INC./80,000 PAR VALUE AT 100 % 80,000.00 1.00 - (80,000.00) 80,000.00 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/09/2021 12/09/2021 80285RAE8 PAID ACCRUED INTEREST ON PURCHASE OF SANTANDER DRIVE 0.960% 11/15/24 - - - (19.20) - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/09/2021 12/07/2021 12/09/2021 80285RAE8 PURCHASED PAR VALUE OF SANTANDER DRIVE 0.960% 11/15/24 /STONEX FINANCIAL INC./BD RATES/30,000 PAR VALUE AT 100.1289 % 30,000.00 1.00 - (30,038.67) 30,038.67 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/10/2021 CASH RECEIPT TRANSFER FROM ANOTHER TRUST RESIDUAL BALANCE FROM 256350018 - - - 41,955.19 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/10/2021 12/10/2021 12/10/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 18,378.08 1.00 - (18,378.08) 18,378.08 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/13/2021 12/13/2021 12/13/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 502.59 1.00 - (502.59) 502.59 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/13/2021 60687YAN9 INTEREST EARNED ON MIZUHO FINANCIAL 1.08088% 9/11/22 $1 PV ON 200000.0000 SHARES DUE 12/11/2021 - - - 502.59 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/14/2021 12/14/2021 12/14/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 109,186.59 1.00 - (109,186.59) 109,186.59 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/14/2021 12/14/2021 12/14/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (18,880.67) 1.00 - 18,880.67 (18,880.67) - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/14/2021 12/02/2021 12/09/2021 59261AM79 PURCHASED PAR VALUE OF METROPOLITAN NY 0.777% 11/15/22 /BOFA SECURITIES, INC./60,000 PAR VALUE AT 100 % 60,000.00 1.00 - (60,000.00) 60,000.00 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/15/2021 CASH RECEIPT TRANSFER FROM INCOME 1 - - - 2,120.64 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/15/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL 1 - - - (2,120.64) - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/15/2021 14042WAC4 INTEREST EARNED ON CAPITAL ONE PRIME 2.510% 11/15/23 $1 PV ON 39.0100 SHARES DUE 12/15/2021 $0.00209/PV ON 18,650.22 PV DUE 12/15/21 - - - 39.01 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/15/2021 12/15/2021 12/15/2021 14042WAC4 PAID DOWN PAR VALUE OF CAPITAL ONE PRIME 2.510% 11/15/23 (2,292.90) - - 2,292.90 (2,310.13) (17.23) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/15/2021 14316LAC7 INTEREST EARNED ON CARMAX AUTO OWNER 2.680% 3/15/24 $1 PV ON 165.9400 SHARES DUE 12/15/2021 $0.00223/PV ON 74,301.62 PV DUE 12/15/21 - - - 165.94 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/15/2021 12/15/2021 12/15/2021 14316LAC7 PAID DOWN PAR VALUE OF CARMAX AUTO OWNER 2.680% 3/15/24 (7,386.17) - - 7,386.17 (7,470.71) (84.54) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/15/2021 31307NP40 INTEREST EARNED ON F H L M C GD J32243 3.000% 7/01/30 $1 PV ON 447.7600 SHARES DUE 12/15/2021 NOVEMBER FHLMC DUE 12/15/21 - - - 447.76 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/15/2021 12/15/2021 12/15/2021 31307NP40 PAID DOWN PAR VALUE OF F H L M C GD J32243 3.000% 7/01/30 NOVEMBER FHLMC DUE 12/15/21 (1,913.12) - - 1,913.12 (2,030.28) (117.16) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/15/2021 12/15/2021 12/15/2021 3137AQQE1 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 1.500% 5/15/27 (2,360.76) - - 2,360.76 (2,394.57) (33.81) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/15/2021 3137AQQE1 INTEREST EARNED ON F H L M C MLTCL MTG 1.500% 5/15/27 $1 PV ON 104.4400 SHARES DUE 12/15/2021 $0.00125/PV ON 83,559.70 PV DUE 12/15/21 - - - 104.44 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/15/2021 12/15/2021 12/15/2021 3137AYSH5 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 1.750% 12/15/42 (3,419.88) - - 3,419.88 (3,490.54) (70.66) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/15/2021 3137AYSH5 INTEREST EARNED ON F H L M C MLTCL MTG 1.750% 12/15/42 $1 PV ON 207.7600 SHARES DUE 12/15/2021 $0.00146/PV ON 142,461.41 PV DUE 12/15/21 - - - 207.76 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/15/2021 12/15/2021 12/15/2021 3137B5A60 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.500% 10/15/28 (327.04) - - 327.04 (328.82) - (1.78) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/15/2021 3137B5A60 INTEREST EARNED ON F H L M C MLTCL MTG 2.500% 10/15/28 $1 PV ON 17.5600 SHARES DUE 12/15/2021 $0.00208/PV ON 8,426.40 PV DUE 12/15/21 - - - 17.56 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/15/2021 12/15/2021 12/15/2021 3137B6DF5 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.000% 11/15/26 (4,203.49) - - 4,203.49 (4,159.81) - 43.68 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/15/2021 3137B6DF5 INTEREST EARNED ON F H L M C MLTCL MTG 2.000% 11/15/26 $1 PV ON 120.4100 SHARES DUE 12/15/2021 $0.00167/PV ON 72,248.01 PV DUE 12/15/21 - - - 120.41 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/15/2021 12/15/2021 12/15/2021 3137B9RN7 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.500% 12/15/27 (6,077.54) - - 6,077.54 (6,177.68) (100.14) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/15/2021 3137B9RN7 INTEREST EARNED ON F H L M C MLTCL MTG 2.500% 12/15/27 $1 PV ON 193.0400 SHARES DUE 12/15/2021 $0.00208/PV ON 92,656.88 PV DUE 12/15/21 - - - 193.04 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/15/2021 12/15/2021 12/15/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (21,356.63) 1.00 - 21,356.63 (21,356.63) - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/15/2021 12/15/2021 12/15/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 62,752.20 1.00 - (62,752.20) 62,752.20 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/15/2021 12/15/2021 12/15/2021 36176XE21 PAID DOWN PAR VALUE OF G N M A #778953 3.000% 3/15/27 NOVEMBER GNMA DUE 12/15/21 (2,689.94) - - 2,689.94 (2,771.08) - (81.14) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/15/2021 36176XE21 INTEREST EARNED ON G N M A #778953 3.000% 3/15/27 $1 PV ON 282.1100 SHARES DUE 12/15/2021 NOVEMBER GNMA DUE 12/15/21 - - - 282.11 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/15/2021 12/15/2021 12/15/2021 36176XQB8 PAID DOWN PAR VALUE OF G N M A #779250 3.000% 5/15/27 NOVEMBER GNMA DUE 12/15/21 (1,012.68) - - 1,012.68 (1,049.57) (36.89) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/15/2021 36176XQB8 INTEREST EARNED ON G N M A #779250 3.000% 5/15/27 $1 PV ON 93.3600 SHARES DUE 12/15/2021 NOVEMBER GNMA DUE 12/15/21 - - - 93.36 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/15/2021 12/15/2021 12/15/2021 36297GCD0 PAID DOWN PAR VALUE OF G N M A #711168 4.500% 2/15/25 NOVEMBER GNMA DUE 12/15/21 (1,056.51) - - 1,056.51 (1,071.42) - (14.91) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/15/2021 36297GCD0 INTEREST EARNED ON G N M A #711168 4.500% 2/15/25 $1 PV ON 153.3500 SHARES DUE 12/15/2021 NOVEMBER GNMA DUE 12/15/21 - - - 153.35 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/15/2021 65479HAC1 INTEREST EARNED ON NISSAN AUTO 2.500% 11/15/23 $1 PV ON 70.2300 SHARES DUE 12/15/2021 $0.00208/PV ON 33,712.60 PV DUE 12/15/21 - - - 70.23 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/15/2021 12/15/2021 12/15/2021 65479HAC1 PAID DOWN PAR VALUE OF NISSAN AUTO 2.500% 11/15/23 (3,553.27) - - 3,553.27 (3,584.92) (31.65) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/15/2021 80285RAE8 INTEREST EARNED ON SANTANDER DRIVE 0.960% 11/15/24 $1 PV ON 40.0000 SHARES DUE 12/15/2021 $0.00080/PV ON 50,000.00 PV DUE 12/15/21 - - - 40.00 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/15/2021 12/15/2021 12/15/2021 80285RAE8 PAID DOWN PAR VALUE OF SANTANDER DRIVE 0.960% 11/15/24 (2,752.20) - - 2,752.20 (2,755.53) (3.33) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/15/2021 98162HAC4 INTEREST EARNED ON WORLD OMNI 1.700% 1/15/23 $1 PV ON 49.5800 SHARES DUE 12/15/2021 $0.00142/PV ON 35,000.00 PV DUE 12/15/21 - - - 49.58 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/16/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL 1 - - - (336.09) - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/16/2021 CASH RECEIPT TRANSFER FROM INCOME 1 - - - 336.09 - - - Page 29 of 10267 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 91 CIP STAMP Portfolio Transaction Report by Account 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/16/2021 12/16/2021 02582JHS2 PAID ACCRUED INTEREST ON PURCHASE OF AMERICAN EXPRESS 0.48705% 10/15/25 - - - (1.14) - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/16/2021 12/14/2021 12/16/2021 02582JHS2 PURCHASED PAR VALUE OF AMERICAN EXPRESS 0.48705% 10/15/25 /WFSLUS33 WELLS FARGO CHARL NC/100,000 PAR VALUE AT 100.26563 % 100,000.00 1.00 - (100,265.63) 100,265.63 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/16/2021 12/16/2021 12/16/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (365.52) 1.00 - 365.52 (365.52) - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/16/2021 12/16/2021 12/16/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (97,952.94) 1.00 - 97,952.94 (97,952.94) - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/16/2021 38376V2E6 INTEREST EARNED ON G N M A GTD REMIC 4.000% 7/16/39 $1 PV ON 194.0800 SHARES DUE 12/16/2021 $0.00333/PV ON 58,224.27 PV DUE 12/16/21 - - - 194.08 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/16/2021 12/16/2021 12/16/2021 38376V2E6 PAID DOWN PAR VALUE OF G N M A GTD REMIC 4.000% 7/16/39 (1,976.60) - - 1,976.60 (2,027.00) - (50.40) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/16/2021 46647PCA2 INTEREST EARNED ON JPMORGAN CHASE CO 0.62923% 3/16/24 $1 PV ON 90000.0000 SHARES DUE 12/16/2021 - - - 143.15 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/20/2021 CASH RECEIPT TRANSFER FROM INCOME 1 - - - 1,788.12 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/20/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL 1 - - - (1,788.12) - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/20/2021 12/20/2021 12/20/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 883.78 1.00 - (883.78) 883.78 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/20/2021 12/20/2021 12/20/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 36,791.50 1.00 - (36,791.50) 36,791.50 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/20/2021 12/20/2021 12/20/2021 36179MU32 PAID DOWN PAR VALUE OF G N M A I I #MA0602 3.000% 12/20/27 NOVEMBER GNMA DUE 12/20/21 (2,077.77) - - 2,077.77 (2,150.92) - (73.15) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/20/2021 36179MU32 INTEREST EARNED ON G N M A I I #MA0602 3.000% 12/20/27 $1 PV ON 168.7100 SHARES DUE 12/20/2021 NOVEMBER GNMA DUE 12/20/21 - - - 168.71 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/20/2021 12/20/2021 12/20/2021 36179NAJ7 PAID DOWN PAR VALUE OF G N M A I I #MA0909 3.000% 4/20/28 NOVEMBER GNMA DUE 12/20/21 (810.15) - - 810.15 (840.35) - (30.20) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/20/2021 36179NAJ7 INTEREST EARNED ON G N M A I I #MA0909 3.000% 4/20/28 $1 PV ON 64.1900 SHARES DUE 12/20/2021 NOVEMBER GNMA DUE 12/20/21 - - - 64.19 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/20/2021 12/20/2021 12/20/2021 36179NHK7 PAID DOWN PAR VALUE OF G N M A I I #MA1134 3.000% 7/20/28 NOVEMBER GNMA DUE 12/20/21 (2,437.58) - - 2,437.58 (2,544.07) (106.49) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/20/2021 36179NHK7 INTEREST EARNED ON G N M A I I #MA1134 3.000% 7/20/28 $1 PV ON 184.3200 SHARES DUE 12/20/2021 NOVEMBER GNMA DUE 12/20/21 - - - 184.32 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/20/2021 12/20/2021 12/20/2021 36179RHM4 PAID DOWN PAR VALUE OF G N M A I I #MA2936 3.500% 7/20/30 NOVEMBER GNMA DUE 12/20/21 (1,173.10) - - 1,173.10 (1,226.58) - (53.48) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/20/2021 36179RHM4 INTEREST EARNED ON G N M A I I #MA2936 3.500% 7/20/30 $1 PV ON 194.2700 SHARES DUE 12/20/2021 NOVEMBER GNMA DUE 12/20/21 - - - 194.27 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/20/2021 12/20/2021 12/20/2021 36179TF83 PAID DOWN PAR VALUE OF G N M A I I #MA4691 3.500% 9/20/32 NOVEMBER GNMA DUE 12/20/21 (2,702.90) - - 2,702.90 (2,840.48) - (137.58) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/20/2021 36179TF83 INTEREST EARNED ON G N M A I I #MA4691 3.500% 9/20/32 $1 PV ON 185.2400 SHARES DUE 12/20/2021 NOVEMBER GNMA DUE 12/20/21 - - - 185.24 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/20/2021 12/20/2021 12/20/2021 36202F3H7 PAID DOWN PAR VALUE OF G N M A I I #005300 3.000% 2/20/27 NOVEMBER GNMA DUE 12/20/21 (2,133.05) - - 2,133.05 (2,206.69) (73.64) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/20/2021 36202F3H7 INTEREST EARNED ON G N M A I I #005300 3.000% 2/20/27 $1 PV ON 140.8200 SHARES DUE 12/20/2021 NOVEMBER GNMA DUE 12/20/21 - - - 140.82 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/20/2021 38376TTT9 INTEREST EARNED ON G N M A GTD REMIC 3.000% 11/20/39 $1 PV ON 51.3300 SHARES DUE 12/20/2021 $0.00250/PV ON 20,531.96 PV DUE 12/20/21 - - - 51.33 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/20/2021 12/20/2021 12/20/2021 38376TTT9 PAID DOWN PAR VALUE OF G N M A GTD REMIC 3.000% 11/20/39 (690.73) - - 690.73 (701.66) - (10.93) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/20/2021 38376WA62 INTEREST EARNED ON G N M A GTD REMIC 4.000% 10/20/39 $1 PV ON 153.2800 SHARES DUE 12/20/2021 $0.00333/PV ON 45,984.31 PV DUE 12/20/21 - - - 153.28 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/20/2021 12/20/2021 12/20/2021 38376WA62 PAID DOWN PAR VALUE OF G N M A GTD REMIC 4.000% 10/20/39 (1,438.47) - - 1,438.47 (1,485.62) - (47.15) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/20/2021 38377LFC7 INTEREST EARNED ON G N M A GTD REMIC 2.500% 12/20/39 $1 PV ON 30.2700 SHARES DUE 12/20/2021 $0.00208/PV ON 14,528.03 PV DUE 12/20/21 - - - 30.27 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/20/2021 12/20/2021 12/20/2021 38377LFC7 PAID DOWN PAR VALUE OF G N M A GTD REMIC 2.500% 12/20/39 (3,814.49) - - 3,814.49 (3,849.05) (34.56) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/20/2021 38377QKH9 INTEREST EARNED ON G N M A GTD REMIC 3.000% 8/20/40 $1 PV ON 35.8000 SHARES DUE 12/20/2021 $0.00250/PV ON 14,318.52 PV DUE 12/20/21 - - - 35.80 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/20/2021 12/20/2021 12/20/2021 38377QKH9 PAID DOWN PAR VALUE OF G N M A GTD REMIC 3.000% 8/20/40 (899.37) - - 899.37 (909.61) - (10.24) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/20/2021 38377RVK8 INTEREST EARNED ON G N M A GTD REMIC 3.000% 4/20/39 $1 PV ON 111.5400 SHARES DUE 12/20/2021 $0.00250/PV ON 44,616.91 PV DUE 12/20/21 - - - 111.54 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/20/2021 12/20/2021 12/20/2021 38377RVK8 PAID DOWN PAR VALUE OF G N M A GTD REMIC 3.000% 4/20/39 (2,863.59) - - 2,863.59 (2,919.57) (55.98) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/20/2021 38377YTL4 INTEREST EARNED ON G N M A GTD REMIC 2.000% 5/20/40 $1 PV ON 74.6300 SHARES DUE 12/20/2021 $0.00167/PV ON 44,778.69 PV DUE 12/20/21 - - - 74.63 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/20/2021 12/20/2021 12/20/2021 38377YTL4 PAID DOWN PAR VALUE OF G N M A GTD REMIC 2.000% 5/20/40 (2,322.10) - - 2,322.10 (2,293.80) - 28.30 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/20/2021 38378AU90 INTEREST EARNED ON G N M A GTD REMIC 3.000% 10/20/26 $1 PV ON 115.4600 SHARES DUE 12/20/2021 $0.00250/PV ON 46,182.57 PV DUE 12/20/21 - - - 115.46 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/20/2021 12/20/2021 12/20/2021 38378AU90 PAID DOWN PAR VALUE OF G N M A GTD REMIC 3.000% 10/20/26 (3,691.90) - - 3,691.90 (3,750.13) - (58.23) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/20/2021 38378FRB8 INTEREST EARNED ON G N M A GTD REMIC 2.000% 7/20/42 $1 PV ON 194.8900 SHARES DUE 12/20/2021 $0.00167/PV ON 116,931.07 PV DUE 12/20/21 - - - 194.89 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/20/2021 12/20/2021 12/20/2021 38378FRB8 PAID DOWN PAR VALUE OF G N M A GTD REMIC 2.000% 7/20/42 (3,676.39) - - 3,676.39 (3,622.39) - 54.00 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/20/2021 38378HAU0 INTEREST EARNED ON G N M A GTD REMIC 1.500% 8/20/27 $1 PV ON 66.3600 SHARES DUE 12/20/2021 $0.00125/PV ON 53,084.09 PV DUE 12/20/21 - - - 66.36 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/20/2021 12/20/2021 12/20/2021 38378HAU0 PAID DOWN PAR VALUE OF G N M A GTD REMIC 1.500% 8/20/27 (2,210.16) - - 2,210.16 (2,239.90) (29.74) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/20/2021 38378JZD7 INTEREST EARNED ON G N M A GTD REMIC 1.500% 12/20/40 $1 PV ON 23.6400 SHARES DUE 12/20/2021 $0.00125/PV ON 18,910.75 PV DUE 12/20/21 - - - 23.64 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/20/2021 12/20/2021 12/20/2021 38378JZD7 PAID DOWN PAR VALUE OF G N M A GTD REMIC 1.500% 12/20/40 (860.14) - - 860.14 (849.39) - 10.75 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/20/2021 38378TAF7 INTEREST EARNED ON G N M A GTD REMIC 2.500% 7/20/41 $1 PV ON 127.0900 SHARES DUE 12/20/2021 $0.00208/PV ON 61,004.49 PV DUE 12/20/21 - - - 127.09 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/20/2021 12/20/2021 12/20/2021 38378TAF7 PAID DOWN PAR VALUE OF G N M A GTD REMIC 2.500% 7/20/41 (1,863.47) - - 1,863.47 (1,865.59) - (2.12) Page 30 of 10268 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 91 CIP STAMP Portfolio Transaction Report by Account 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/20/2021 92347YAC8 INTEREST EARNED ON VERIZON OWNER TRUST 3.020% 9/20/23 $1 PV ON 88.0800 SHARES DUE 12/20/2021 $0.00252/PV ON 35,000.00 PV DUE 12/20/21 - - - 88.08 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/21/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL 1 - - - (23.64) - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/21/2021 CASH RECEIPT TRANSFER FROM INCOME 1 - - - 23.64 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/23/2021 CASH RECEIPT TRANSFER FROM INCOME 1 - - - 1,522.14 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/23/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL 1 - - - (1,522.14) - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/23/2021 12/20/2021 12/23/2021 3132WSF97 SOLD PAR VALUE OF F H L M C GD WA1102 1.920% 12/01/28 /MITSUBISHI UFJ SECURITIES (USA/123,682.16 PAR VALUE AT 102.06250234 % (123,682.16) 1.02 - 126,233.11 (129,135.77) (2,902.66) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/23/2021 12/23/2021 3132WSF97 RECEIVED ACCRUED INTEREST ON SALE OF F H L M C GD WA1102 1.920% 12/01/28 - - - 145.12 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/23/2021 12/23/2021 3137F4D41 RECEIVED ACCRUED INTEREST ON SALE OF F H L M C MLTCL MT 0.24996% 1/25/28 - - - 330.00 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/23/2021 12/20/2021 12/23/2021 3137F4D41 SOLD PAR VALUE OF F H L M C MLTCL MT 0.24996% 1/25/28 /GOLDUS33 GOLDMAN SACHS NY/150,000 PAR VALUE AT 112.07812667 % (150,000.00) 1.12 - 168,117.19 (162,037.14) - 6,080.05 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/23/2021 12/23/2021 3137FL6P4 RECEIVED ACCRUED INTEREST ON SALE OF F H L M C MLTCL MT 0.62136% 1/25/29 - - - 598.78 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/23/2021 12/20/2021 12/23/2021 3137FL6P4 SOLD PAR VALUE OF F H L M C MLTCL MT 0.62136% 1/25/29 /CSFBUS33 CR SUISSE SEC NY/275,000 PAR VALUE AT 113.03515636 % (275,000.00) 1.13 - 310,846.68 (304,425.66) - 6,421.02 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/23/2021 12/20/2021 12/23/2021 3138L2QG5 SOLD PAR VALUE OF F N M A #AM2254 3.010% 1/01/28 /WFSLUS33 WELLS FARGO CHARL NC/243,683.9 PAR VALUE AT 107.91015915 % (243,683.90) 1.08 - 262,959.68 (254,902.18) - 8,057.50 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/23/2021 12/23/2021 3138L2QG5 RECEIVED ACCRUED INTEREST ON SALE OF F N M A #AM2254 3.010% 1/01/28 - - - 448.24 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/23/2021 12/23/2021 12/23/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 869,678.80 1.00 - (869,678.80) 869,678.80 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL 1 - - - (7,606.80) - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 CASH RECEIPT TRANSFER FROM INCOME 1 - - - 7,606.80 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 12/25/2021 12/27/2021 3132A8GL7 PAID DOWN PAR VALUE OF F H L M C #ZS7403 3.000% 5/01/31 NOVEMBER FHLMC DUE 12/25/21 (2,183.41) - - 2,183.41 (2,310.66) (127.25) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 3132A8GL7 INTEREST EARNED ON F H L M C #ZS7403 3.000% 5/01/31 $1 PV ON 206.4000 SHARES DUE 12/25/2021 NOVEMBER FHLMC DUE 12/25/21 - - - 206.40 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 12/25/2021 12/27/2021 3132A9T64 PAID DOWN PAR VALUE OF F H L M C #ZS8673 3.000% 10/01/32 NOVEMBER FHLMC DUE 12/25/21 (3,768.26) - - 3,768.26 (3,926.77) - (158.51) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 3132A9T64 INTEREST EARNED ON F H L M C #ZS8673 3.000% 10/01/32 $1 PV ON 272.0100 SHARES DUE 12/25/2021 NOVEMBER FHLMC DUE 12/25/21 - - - 272.01 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 12/25/2021 12/27/2021 3132D9C93 PAID DOWN PAR VALUE OF F H L M C #SC0096 3.000% 10/01/40 NOVEMBER FHLMC DUE 12/25/21 (2,860.59) - - 2,860.59 (3,033.27) (172.68) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 3132D9C93 INTEREST EARNED ON F H L M C #SC0096 3.000% 10/01/40 $1 PV ON 433.2700 SHARES DUE 12/25/2021 NOVEMBER FHLMC DUE 12/25/21 - - - 433.27 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 12/25/2021 12/27/2021 3136A8SX9 PAID DOWN PAR VALUE OF F N M A GTD REMIC 1.500% 9/25/27 (1,288.92) - - 1,288.92 (1,308.23) (19.31) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 3136A8SX9 INTEREST EARNED ON F N M A GTD REMIC 1.500% 9/25/27 $1 PV ON 49.2000 SHARES DUE 12/25/2021 $0.00125/PV ON 39,361.52 PV DUE 12/25/21 - - - 49.20 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 12/25/2021 12/27/2021 3136ABNZ2 PAID DOWN PAR VALUE OF F N M A GTD REMIC 2.000% 11/25/42 (1,833.56) - - 1,833.56 (1,865.18) (31.62) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 3136ABNZ2 INTEREST EARNED ON F N M A GTD REMIC 2.000% 11/25/42 $1 PV ON 76.8300 SHARES DUE 12/25/2021 $0.00167/PV ON 46,095.31 PV DUE 12/25/21 - - - 76.83 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 12/25/2021 12/27/2021 3136ADFF1 PAID DOWN PAR VALUE OF F N M A GTD REMIC 1.500% 4/25/23 (2,520.68) - - 2,520.68 (2,484.45) - 36.23 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 3136ADFF1 INTEREST EARNED ON F N M A GTD REMIC 1.500% 4/25/23 $1 PV ON 29.5100 SHARES DUE 12/25/2021 $0.00125/PV ON 23,610.45 PV DUE 12/25/21 - - - 29.51 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 12/25/2021 12/27/2021 3136AEY84 PAID DOWN PAR VALUE OF F N M A GTD REMIC 1.750% 7/25/28 (1,261.87) - - 1,261.87 (1,282.65) (20.78) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 3136AEY84 INTEREST EARNED ON F N M A GTD REMIC 1.750% 7/25/28 $1 PV ON 64.8600 SHARES DUE 12/25/2021 $0.00146/PV ON 44,477.84 PV DUE 12/25/21 - - - 64.86 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 12/25/2021 12/27/2021 3136AHAE0 PAID DOWN PAR VALUE OF F N M A GTD REMIC 2.623% 4/25/23 (36.64) - - 36.64 (36.78) - (0.14) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 3136AHAE0 INTEREST EARNED ON F N M A GTD REMIC 2.623% 4/25/23 $1 PV ON 53.3100 SHARES DUE 12/25/2021 $0.00207/PV ON 25,784.67 PV DUE 12/25/21 - - - 53.31 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 12/25/2021 12/27/2021 3136AQZK9 PAID DOWN PAR VALUE OF F N M A GTD REMIC 2.000% 11/25/31 (1,951.01) - - 1,951.01 (2,003.86) (52.85) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 3136AQZK9 INTEREST EARNED ON F N M A GTD REMIC 2.000% 11/25/31 $1 PV ON 121.0400 SHARES DUE 12/25/2021 $0.00167/PV ON 72,626.51 PV DUE 12/25/21 - - - 121.04 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 12/25/2021 12/27/2021 3137B3NW4 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.778% 9/25/22 (1,450.20) - - 1,450.20 (1,463.47) (13.27) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 3137B3NW4 INTEREST EARNED ON F H L M C MLTCL MTG 2.778% 9/25/22 $1 PV ON 32.4500 SHARES DUE 12/25/2021 $0.00231/PV ON 15,456.47 PV DUE 12/25/21 - - - 32.45 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 3137BLAC2 INTEREST EARNED ON F H L M C MLTCL MT 3.284% 6/25/25 $1 PV ON 150000.0000 SHARES DUE 12/25/2021 - - - 410.50 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 3137BP4K2 INTEREST EARNED ON F H L M C MLTCL MTG 2.849% 3/25/26 $1 PV ON 474.8400 SHARES DUE 12/25/2021 $0.00237/PV ON 200,000.00 PV DUE 12/25/21 - - - 474.84 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 3137F4CY6 INTEREST EARNED ON F H L M C MLTCL MT 0.52896% 9/25/24 $1 PV ON 462.3300 SHARES DUE 12/25/2021 $0.00243/PV ON 190,000.00 PV DUE 12/25/21 - - - 462.33 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 3137F4D41 INTEREST EARNED ON F H L M C MLTCL MT 0.24996% 1/25/28 $1 PV ON 450.0000 SHARES DUE 12/25/2021 $0.00300/PV ON 0.00 PV DUE 12/25/21 - - - 450.00 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 3137FBAB2 INTEREST EARNED ON F H L M C MLTCL MT 2.77704% 8/25/27 $1 PV ON 329.1200 SHARES DUE 12/25/2021 $0.00253/PV ON 130,000.00 PV DUE 12/25/21 - - - 329.12 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 3137FBAJ5 INTEREST EARNED ON F H L M C MLTCL MT 3.52704% 8/25/27 $1 PV ON 546.8400 SHARES DUE 12/25/2021 $0.00273/PV ON 200,000.00 PV DUE 12/25/21 - - - 546.84 - - - Page 31 of 10269 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 91 CIP STAMP Portfolio Transaction Report by Account 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 3137FL6P4 INTEREST EARNED ON F H L M C MLTCL MT 0.62136% 1/25/29 $1 PV ON 816.5300 SHARES DUE 12/25/2021 $0.00297/PV ON 0.00 PV DUE 12/25/21 - - - 816.53 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 12/25/2021 12/27/2021 3137FMD66 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 2.283% 5/25/26 (5,595.63) - - 5,595.63 (5,829.04) - (233.41) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 3137FMD66 INTEREST EARNED ON F H L M C MLTCL MT 2.283% 5/25/26 $1 PV ON 364.6000 SHARES DUE 12/25/2021 $0.00976/PV ON 47,081.23 PV DUE 12/25/21 - - - 364.60 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 12/25/2021 12/27/2021 3137FNAD2 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 2.87496% 11/25/28 (202.92) - - 202.92 (206.04) - (3.12) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 3137FNAD2 INTEREST EARNED ON F H L M C MLTCL MT 2.87496% 11/25/28 $1 PV ON 316.7700 SHARES DUE 12/25/2021 $0.00219/PV ON 144,679.42 PV DUE 12/25/21 - - - 316.77 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 12/25/2021 12/27/2021 3137FPJF3 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 2.258% 6/25/29 (444.78) - - 444.78 (446.43) - (1.65) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 3137FPJF3 INTEREST EARNED ON F H L M C MLTCL MT 2.258% 6/25/29 $1 PV ON 360.6500 SHARES DUE 12/25/2021 $0.00188/PV ON 192,106.00 PV DUE 12/25/21 - - - 360.65 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 3137FPJP1 INTEREST EARNED ON F H L M C MLTCL MT 2.21604% 7/25/29 $1 PV ON 175.3600 SHARES DUE 12/25/2021 $0.00186/PV ON 94,366.05 PV DUE 12/25/21 - - - 175.36 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 12/25/2021 12/27/2021 3137FPJP1 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 2.21604% 7/25/29 (428.65) - - 428.65 (449.68) (21.03) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 12/25/2021 12/27/2021 3137FQ3Y7 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 2.51196% 7/25/29 (505.10) - - 505.10 (505.25) - (0.15) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 3137FQ3Y7 INTEREST EARNED ON F H L M C MLTCL MT 2.51196% 7/25/29 $1 PV ON 351.1400 SHARES DUE 12/25/2021 $0.00183/PV ON 192,841.93 PV DUE 12/25/21 - - - 351.14 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 3137FWHY9 INTEREST EARNED ON F H L M C MLTCL 0.826% 9/25/30 $1 PV ON 128.5100 SHARES DUE 12/25/2021 $0.00069/PV ON 186,616.07 PV DUE 12/25/21 - - - 128.51 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 12/25/2021 12/27/2021 3137FWHY9 PAID DOWN PAR VALUE OF F H L M C MLTCL 0.826% 9/25/30 (991.23) - - 991.23 (986.27) - 4.96 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 12/25/2021 12/27/2021 3138EJPZ5 PAID DOWN PAR VALUE OF F N M A #AL2239 3.370% 7/01/22 NOVEMBER FNMA DUE 12/25/21 (37.98) - - 37.98 (38.16) - (0.18) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 3138EJPZ5 INTEREST EARNED ON F N M A #AL2239 3.370% 7/01/22 $1 PV ON 30.9000 SHARES DUE 12/25/2021 NOVEMBER FNMA DUE 12/25/21 - - - 30.90 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 3138L2QG5 INTEREST EARNED ON F N M A #AM2254 3.010% 1/01/28 $1 PV ON 613.3200 SHARES DUE 12/25/2021 NOVEMBER FNMA DUE 12/25/21 - - - 613.32 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 12/25/2021 12/27/2021 3138L2QG5 PAID DOWN PAR VALUE OF F N M A #AM2254 3.010% 1/01/28 NOVEMBER FNMA DUE 12/25/21 (829.38) - - 829.38 (867.56) - (38.18) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 12/25/2021 12/27/2021 3140J6FU6 PAID DOWN PAR VALUE OF F N M A #BM1978 3.000% 10/01/32 NOVEMBER FNMA DUE 12/25/21 (1,537.77) - - 1,537.77 (1,622.59) - (84.82) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 3140J6FU6 INTEREST EARNED ON F N M A #BM1978 3.000% 10/01/32 $1 PV ON 201.1500 SHARES DUE 12/25/2021 NOVEMBER FNMA DUE 12/25/21 - - - 201.15 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 12/25/2021 12/27/2021 31417YKF3 PAID DOWN PAR VALUE OF F N M A #MA0293 4.500% 1/01/30 NOVEMBER FNMA DUE 12/25/21 (903.13) - - 903.13 (959.41) - (56.28) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 31417YKF3 INTEREST EARNED ON F N M A #MA0293 4.500% 1/01/30 $1 PV ON 144.6900 SHARES DUE 12/25/2021 NOVEMBER FNMA DUE 12/25/21 - - - 144.69 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 12/25/2021 12/27/2021 31418DVU3 PAID DOWN PAR VALUE OF F N M A #MA4226 2.000% 12/01/30 NOVEMBER FNMA DUE 12/25/21 (4,515.86) - - 4,515.86 (4,687.56) (171.70) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 31418DVU3 INTEREST EARNED ON F N M A #MA4226 2.000% 12/01/30 $1 PV ON 268.9200 SHARES DUE 12/25/2021 NOVEMBER FNMA DUE 12/25/21 - - - 268.92 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 12/25/2021 12/27/2021 31418DXH0 PAID DOWN PAR VALUE OF F N M A #MA4279 2.000% 3/01/36 NOVEMBER FNMA DUE 12/25/21 (2,876.80) - - 2,876.80 (2,972.66) (95.86) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 31418DXH0 INTEREST EARNED ON F N M A #MA4279 2.000% 3/01/36 $1 PV ON 293.9200 SHARES DUE 12/25/2021 NOVEMBER FNMA DUE 12/25/21 - - - 293.92 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 12/27/2021 12/27/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 1,530.24 1.00 - (1,530.24) 1,530.24 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/27/2021 12/27/2021 12/27/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 45,860.55 1.00 - (45,860.55) 45,860.55 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/28/2021 CASH RECEIPT TRANSFER FROM INCOME 1 - - - 539.01 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/28/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL 1 - - - (539.01) - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/28/2021 3132WSF97 INTEREST EARNED ON F H L M C GD WA1102 1.920% 12/01/28 $1 PV ON 198.1600 SHARES DUE 12/15/2021 P & I DUE 12.25.21 - - - 198.16 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/28/2021 12/15/2021 12/28/2021 3132WSF97 PAID DOWN PAR VALUE OF F H L M C GD WA1102 1.920% 12/01/28 P & I DUE 12.25.21 (167.36) - - 167.36 (174.74) (7.38) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/28/2021 12/25/2021 12/28/2021 3140JAU97 PAID DOWN PAR VALUE OF F N M A #BM6007 2.596% 6/01/49 P & I DUE 12/25/21 (6,927.69) - - 6,927.69 (7,189.69) - (262.00) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/28/2021 3140JAU97 INTEREST EARNED ON F N M A #BM6007 2.596% 6/01/49 $1 PV ON 79.2200 SHARES DUE 12/25/2021 P & I DUE 12/25/21 - - - 79.22 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/28/2021 3140JAU97 INTEREST EARNED ON F N M A #BM6007 2.596% 6/01/49 $1 PV ON 36282.1300 SHARES DUE 12/25/2021 PENALTY PAYMENT - - - 168.02 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/28/2021 12/28/2021 12/28/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 7,147.18 1.00 - (7,147.18) 7,147.18 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/28/2021 12/28/2021 12/28/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (75,000.00) 1.00 - 75,000.00 (75,000.00) - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/28/2021 12/08/2021 12/28/2021 797272RJ2 PURCHASED PAR VALUE OF SAN DIEGO CA 0.497% 8/01/22 /RCMCUS31 UNITED STATES/75,000 PAR VALUE AT 100 % 75,000.00 1.00 - (75,000.00) 75,000.00 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/29/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL 1 - - - (432.15) - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/29/2021 CASH RECEIPT TRANSFER FROM INCOME 1 - - - 432.15 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/29/2021 3138LFGP7 INTEREST EARNED ON F N M A #AN2905 2.550% 10/01/28 $1 PV ON 625.6400 SHARES DUE 12/25/2021 12/25/21 P & I DUE - - - 625.64 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/29/2021 12/25/2021 12/29/2021 3138LFGP7 PAID DOWN PAR VALUE OF F N M A #AN2905 2.550% 10/01/28 12/25/21 P & I DUE (454.49) - - 454.49 (466.97) - (12.48) 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/29/2021 31418DQ47 INTEREST EARNED ON F N M A #MA4074 2.000% 6/01/35 $1 PV ON 321.5200 SHARES DUE 12/25/2021 12/25/21 PYMT - - - 321.52 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/29/2021 12/25/2021 12/29/2021 31418DQ47 PAID DOWN PAR VALUE OF F N M A #MA4074 2.000% 6/01/35 12/25/21 PYMT (5,043.53) - - 5,043.53 (5,191.10) (147.57) - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/29/2021 12/29/2021 12/29/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 5,554.54 1.00 - (5,554.54) 5,554.54 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/29/2021 31846V203 CASH RECEIPT SHORT-TERM CAPITAL GAIN DIV FIRST AM GOVT OB FD CL Y STCG PAYABLE 12/29/2021 - - - 3.54 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/30/2021 CASH RECEIPT TRANSFER FROM INCOME 1 - - - 897.11 - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/30/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL 1 - - - (897.11) - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/30/2021 12/30/2021 12/30/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (145,969.18) 1.00 - 145,969.18 (145,969.18) - - Page 32 of 10270 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 91 CIP STAMP Portfolio Transaction Report by Account 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/30/2021 12/30/2021 12/30/2021 60678NAJ3 PURCHASED PAR VALUE OF MITSUBISHI HC CAP AMER C P 1/18/22 /BOFA SECURITIES, INC./FXD INC/146,000 PAR VALUE AT 99.97889041 % 146,000.00 1.00 - (145,969.18) 145,969.18 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/31/2021 12/31/2021 12/31/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (48,463.26) 1.00 - 48,463.26 (48,463.26) - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/31/2021 12/31/2021 12/31/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (750,277.85) 1.00 - 750,277.85 (750,277.85) - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/31/2021 12/31/2021 91282CCQ2 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 0.00001% 7/31/23 - - - (67.62) - - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/31/2021 12/30/2021 12/31/2021 91282CCQ2 PURCHASED PAR VALUE OF U S TREASURY NT 0.00001% 7/31/23 /DEUTSCHE BANK SECURITIES, INC./350,000 PAR VALUE AT 100.02241714 % 350,000.00 1.00 - (350,078.46) 350,078.46 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/31/2021 12/30/2021 12/31/2021 91282CDE8 PURCHASED PAR VALUE OF U S TREASURY NT 0.00001% 10/31/23 /MORGAN STANLEY & CO. LLC/400,000 PAR VALUE AT 100.0222725 % 400,000.00 1.00 - (400,089.09) 400,089.09 - - 238302001 RCTC 2021 C SEC LIEN BDS RES ACCT 12/31/2021 12/31/2021 91282CDE8 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 0.00001% 10/31/23 - - - (60.62) - - - - 48,445.32 7,322,696.57 (8,205.82) 19,679.74 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/01/2021 10/01/2021 10/01/2021 31846V401 PURCHASED UNITS OF FIRST AM GOVT OB FD CL D 80,653.93 1.00 - (80,653.93) 80,653.93 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/01/2021 31846V401 INTEREST EARNED ON FIRST AM GOVT OB FD CL D UNIT ON 0.0000 SHARES DUE 9/30/2021 INTEREST FROM 9/1/21 TO 9/30/21 - - - 0.60 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/01/2021 10/01/2021 10/01/2021 31846V401 SOLD UNITS OF FIRST AM GOVT OB FD CL D (580,109.33) 1.00 - 580,109.33 (580,109.33) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/01/2021 09/30/2021 10/01/2021 38378KWU9 SOLD PAR VALUE OF G N M A GTD REMIC 1.400% 10/16/41 /MORGAN STANLEY & CO. LLC/17,690.74 PAR VALUE AT 99.965123 % (17,690.74) 1.00 - 17,684.57 (16,810.25) - 874.32 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/01/2021 10/01/2021 91282CCQ2 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 0.00001% 7/31/23 - - - (77.07) - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/01/2021 09/30/2021 10/01/2021 91282CCQ2 PURCHASED PAR VALUE OF U S TREASURY NT 0.00001% 7/31/23 /NWSCUS33 DEUTSCHE BK SECS NY/580,000 PAR VALUE AT 100.00556207 % 580,000.00 1.00 - (580,032.26) 580,032.26 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/04/2021 10/04/2021 3136A7MN9 RECEIVED ACCRUED INTEREST ON SALE OF F N M A GTD REMIC 2.349% 5/25/22 - - - 25.70 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/04/2021 3136A7MN9 AMORTIZED PREMIUM ON F N M A GTD REMIC 2.349% 5/25/22 CURRENT YEAR AMORTIZATION - - - - (16.15) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/04/2021 10/01/2021 10/04/2021 3136A7MN9 SOLD PAR VALUE OF F N M A GTD REMIC 2.349% 5/25/22 /BNYM/NATIXIS/131,271.49 PAR VALUE AT 100.46874611 % (131,271.49) 1.00 - 131,886.82 (133,243.35) - (1,356.53) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/04/2021 10/04/2021 10/04/2021 31846V401 PURCHASED UNITS OF FIRST AM GOVT OB FD CL D 60,621.31 1.00 - (60,621.31) 60,621.31 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/04/2021 10/04/2021 10/04/2021 31846V401 PURCHASED UNITS OF FIRST AM GOVT OB FD CL D 131,912.52 1.00 - (131,912.52) 131,912.52 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/13/2021 CASH RECEIPT RECEIPT OF FUNDS FED REF #002145/MT3886 RECEIVED WIRE - - - 70,000.00 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/13/2021 10/13/2021 10/13/2021 31846V401 PURCHASED UNITS OF FIRST AM GOVT OB FD CL D 69,594.17 1.00 - (69,594.17) 69,594.17 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/13/2021 36179RFD6 AMORTIZED PREMIUM ON G N M A I I #MA2864 3.000% 6/20/30 CURRENT YEAR AMORTIZATION - - - - (4.46) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/13/2021 09/30/2021 10/01/2021 36179RFD6 SOLD PAR VALUE OF G N M A I I #MA2864 3.000% 6/20/30 /STONEX FINANCIAL INC./14,921.21 PAR VALUE AT 104.9375071 % (14,921.21) 1.05 - 15,657.95 (15,438.76) - 219.19 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/13/2021 9128285W6 FED BASIS OF U S TREASURY I P 0.84873% 1/15/29 ADJUSTED BY 147.50 UNITS INCREASE TO ADJUST FOR CHANGE IN CPI - - - - 147.50 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/13/2021 9128285W6 STATE COST OF U S TREASURY I P 0.84873% 1/15/29 ADJUSTED BY 147.50 UNITS INCREASE TO ADJUST FOR CHANGE IN CPI - - - - - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/13/2021 9128285W6 BOOK VALUE OF U S TREASURY I P 0.84873% 1/15/29 ADJUSTED BY 147.50 UNITS INCREASE TO ADJUST FOR CHANGE IN CPI - - - - - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/13/2021 9128285W6 PAR VALUE OF U S TREASURY I P 0.84873% 1/15/29 ADJUSTED BY 147.5000 UNITS INCREASE TO ADJUST FOR CHANGE IN CPI 147.50 - - - - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 CASH RECEIPT TRANSFER FROM ANOTHER TRUST MT3886 TRANSFERRED FUNDS - - - 1,462,857.00 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 CASH DISBURSEMENT PAID TO 256350021 TRANSFER TO ANOTHER TRUST MT3886 TRANSFERRED FUNDS - - - (11,607.46) - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 3128MMT52 AMORTIZED PREMIUM ON F H L M C GD G18571 2.500% 10/01/30 CURRENT YEAR AMORTIZATION - - - - (75.86) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 10/14/2021 10/14/2021 3128MMT52 DISTRIBUTED PAR VALUE OF F H L M C GD G18571 2.500% 10/01/30 VALUED AT 92918.21 INTERNAL TRANSFER TO A/C XXXXX2002 (88,786.95) - - - (92,405.86) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 10/14/2021 10/14/2021 3128MMUL5 DISTRIBUTED PAR VALUE OF F H L M C GD G18586 2.500% 2/01/31 VALUED AT 89310.01 INTERNAL TRANSFER TO A/C XXXXX2002 (85,592.72) - - - (88,587.33) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 3128MMUL5 AMORTIZED PREMIUM ON F H L M C GD G18586 2.500% 2/01/31 CURRENT YEAR AMORTIZATION - - - - (61.09) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 10/14/2021 10/14/2021 31307NP40 DISTRIBUTED PAR VALUE OF F H L M C GD J32243 3.000% 7/01/30 VALUED AT 170867.44 INTERNAL TRANSFER TO A/C XXXXX2002 (161,421.08) - - - (171,306.23) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 31307NP40 AMORTIZED PREMIUM ON F H L M C GD J32243 3.000% 7/01/30 CURRENT YEAR AMORTIZATION - - - - (215.70) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 3132A8GL7 AMORTIZED PREMIUM ON F H L M C #ZS7403 3.000% 5/01/31 CURRENT YEAR AMORTIZATION - - - - (53.52) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 10/14/2021 10/14/2021 3132A8GL7 DISTRIBUTED PAR VALUE OF F H L M C #ZS7403 3.000% 5/01/31 VALUED AT 71280.95 INTERNAL TRANSFER TO A/C XXXXX2002 (67,736.95) - - - (71,684.73) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 3132A9T64 AMORTIZED PREMIUM ON F H L M C #ZS8673 3.000% 10/01/32 CURRENT YEAR AMORTIZATION - - - - (54.08) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 10/14/2021 10/14/2021 3132A9T64 DISTRIBUTED PAR VALUE OF F H L M C #ZS8673 3.000% 10/01/32 VALUED AT 110511.98 INTERNAL TRANSFER TO A/C XXXXX2002 (104,641.59) - - - (109,043.32) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 3132AEF68 AMORTIZED PREMIUM ON F H L M C #ZT1989 3.500% 1/01/33 CURRENT YEAR AMORTIZATION - - - - (123.51) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 10/14/2021 10/14/2021 3132AEF68 DISTRIBUTED PAR VALUE OF F H L M C #ZT1989 3.500% 1/01/33 VALUED AT 132944.81 INTERNAL TRANSFER TO A/C XXXXX2002 (124,034.19) - - - (133,282.57) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 10/14/2021 10/14/2021 3132D9C93 DISTRIBUTED PAR VALUE OF F H L M C #SC0096 3.000% 10/01/40 VALUED AT 162347.03 INTERNAL TRANSFER TO A/C XXXXX2002 (151,961.95) - - - (161,135.40) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 3132D9C93 AMORTIZED PREMIUM ON F H L M C #SC0096 3.000% 10/01/40 CURRENT YEAR AMORTIZATION - - - - (138.05) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 10/14/2021 10/14/2021 3136ADZA0 DISTRIBUTED PAR VALUE OF F N M A GTD REMIC 1.250% 4/25/28 VALUED AT 90794.62 INTERNAL TRANSFER TO A/C XXXXX2002 (89,941.08) - - - (90,822.08) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 3136ADZA0 AMORTIZED PREMIUM ON F N M A GTD REMIC 1.250% 4/25/28 CURRENT YEAR AMORTIZATION - - - - (17.51) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 10/14/2021 10/14/2021 3136AQZK9 DISTRIBUTED PAR VALUE OF F N M A GTD REMIC 2.000% 11/25/31 VALUED AT 64586.40 INTERNAL TRANSFER TO A/C XXXXX2002 (62,969.35) - - - (64,675.09) - - Page 33 of 10271 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 91 CIP STAMP Portfolio Transaction Report by Account 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 3136AQZK9 AMORTIZED PREMIUM ON F N M A GTD REMIC 2.000% 11/25/31 CURRENT YEAR AMORTIZATION - - - - (26.52) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 10/14/2021 10/14/2021 3137AQQE1 DISTRIBUTED PAR VALUE OF F H L M C MLTCL MTG 1.500% 5/15/27 VALUED AT 75331.07 INTERNAL TRANSFER TO A/C XXXXX2002 (74,243.40) - - - (75,306.01) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 3137AQQE1 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 1.500% 5/15/27 CURRENT YEAR AMORTIZATION - - - - (36.96) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 3137AUPE3 AMORTIZED PREMIUM ON F H L M C MLTCL MT 2.396% 6/25/22 CURRENT YEAR AMORTIZATION - - - - (18.12) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 10/14/2021 10/14/2021 3137AUPE3 DISTRIBUTED PAR VALUE OF F H L M C MLTCL MT 2.396% 6/25/22 VALUED AT 148663.89 INTERNAL TRANSFER TO A/C XXXXX2002 (147,104.58) - - - (142,725.25) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 10/14/2021 10/14/2021 3137AXHP1 DISTRIBUTED PAR VALUE OF F H L M C MLTCL MT 2.573% 9/25/22 VALUED AT 142438.80 INTERNAL TRANSFER TO A/C XXXXX2002 (140,000.00) - - - (141,760.24) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 3137AXHP1 AMORTIZED PREMIUM ON F H L M C MLTCL MT 2.573% 9/25/22 CURRENT YEAR AMORTIZATION - - - - (328.82) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 10/14/2021 10/14/2021 3137AYSH5 DISTRIBUTED PAR VALUE OF F H L M C MLTCL MTG 1.750% 12/15/42 VALUED AT 12648.84 INTERNAL TRANSFER TO A/C XXXXX2002 (12,472.60) - - - (12,734.06) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 3137AYSH5 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 1.750% 12/15/42 CURRENT YEAR AMORTIZATION - - - - (41.96) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 10/14/2021 10/14/2021 3137B6DF5 DISTRIBUTED PAR VALUE OF F H L M C MLTCL MTG 2.000% 11/15/26 VALUED AT 62219.96 INTERNAL TRANSFER TO A/C XXXXX2002 (61,226.26) - - - (62,238.87) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 3137B6DF5 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.000% 11/15/26 CURRENT YEAR AMORTIZATION - - - - (40.65) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 10/14/2021 10/14/2021 3137B9RN7 DISTRIBUTED PAR VALUE OF F H L M C MLTCL MTG 2.500% 12/15/27 VALUED AT 85417.14 INTERNAL TRANSFER TO A/C XXXXX2002 (83,208.78) - - - (84,583.77) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 3137B9RN7 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.500% 12/15/27 CURRENT YEAR AMORTIZATION - - - - (45.14) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 10/14/2021 10/14/2021 3137BVZ74 DISTRIBUTED PAR VALUE OF F H L M C MLTCL MTG 3.045% 8/25/26 VALUED AT 263496.11 INTERNAL TRANSFER TO A/C XXXXX2002 (249,906.21) - - - (264,053.59) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 3137BVZ74 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 3.045% 8/25/26 CURRENT YEAR AMORTIZATION - - - - (150.76) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 10/14/2021 10/14/2021 3137FBAB2 DISTRIBUTED PAR VALUE OF F H L M C MLTCL MT 2.77704% 8/25/27 VALUED AT 127700.40 INTERNAL TRANSFER TO A/C XXXXX2002 (120,000.00) - - - (130,387.24) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 3137FBAB2 AMORTIZED PREMIUM ON F H L M C MLTCL MT 2.77704% 8/25/27 CURRENT YEAR AMORTIZATION - - - - (1,326.82) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 3137FBAJ5 AMORTIZED PREMIUM ON F H L M C MLTCL MT 3.52704% 8/25/27 CURRENT YEAR AMORTIZATION - - - - (1,113.81) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 10/14/2021 10/14/2021 3137FBAJ5 DISTRIBUTED PAR VALUE OF F H L M C MLTCL MT 3.52704% 8/25/27 VALUED AT 220270.00 INTERNAL TRANSFER TO A/C XXXXX2002 (200,000.00) - - - (210,479.94) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 10/14/2021 10/14/2021 3137FMD66 DISTRIBUTED PAR VALUE OF F H L M C MLTCL MT 2.283% 5/25/26 VALUED AT 68334.98 INTERNAL TRANSFER TO A/C XXXXX2002 (66,221.20) - - - (68,983.43) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 3137FMD66 AMORTIZED PREMIUM ON F H L M C MLTCL MT 2.283% 5/25/26 CURRENT YEAR AMORTIZATION - - - - (31.04) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 10/14/2021 10/14/2021 3137FNAD2 DISTRIBUTED PAR VALUE OF F H L M C MLTCL MT 2.87496% 11/25/28 VALUED AT 138235.05 INTERNAL TRANSFER TO A/C XXXXX2002 (130,379.67) - - - (132,381.84) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 3137FNAD2 AMORTIZED PREMIUM ON F H L M C MLTCL MT 2.87496% 11/25/28 CURRENT YEAR AMORTIZATION - - - - (14.56) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 10/14/2021 10/14/2021 3137FPJF3 DISTRIBUTED PAR VALUE OF F H L M C MLTCL MT 2.258% 6/25/29 VALUED AT 187302.82 INTERNAL TRANSFER TO A/C XXXXX2002 (178,080.05) - - - (178,738.98) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 3137FPJF3 AMORTIZED PREMIUM ON F H L M C MLTCL MT 2.258% 6/25/29 CURRENT YEAR AMORTIZATION - - - - (4.44) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 10/14/2021 10/14/2021 3137FQ3Y7 DISTRIBUTED PAR VALUE OF F H L M C MLTCL MT 2.51196% 7/25/29 VALUED AT 187588.66 INTERNAL TRANSFER TO A/C XXXXX2002 (178,812.54) - - - (178,863.98) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 3137FQ3Y7 AMORTIZED PREMIUM ON F H L M C MLTCL MT 2.51196% 7/25/29 CURRENT YEAR AMORTIZATION - - - - (0.34) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 10/14/2021 10/14/2021 3137FWHY9 DISTRIBUTED PAR VALUE OF F H L M C MLTCL 0.826% 9/25/30 VALUED AT 181412.30 INTERNAL TRANSFER TO A/C XXXXX2002 (188,584.16) - - - (187,641.23) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 3138LFGP7 AMORTIZED PREMIUM ON F N M A #AN2905 2.550% 10/01/28 CURRENT YEAR AMORTIZATION - - - - (52.42) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 10/14/2021 10/14/2021 3138LFGP7 DISTRIBUTED PAR VALUE OF F N M A #AN2905 2.550% 10/01/28 VALUED AT 287272.53 INTERNAL TRANSFER TO A/C XXXXX2002 (270,267.31) - - - (277,685.90) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 10/14/2021 10/14/2021 3140J6FU6 DISTRIBUTED PAR VALUE OF F N M A #BM1978 3.000% 10/01/32 VALUED AT 79422.41 INTERNAL TRANSFER TO A/C XXXXX2002 (74,454.79) - - - (78,561.72) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 3140J6FU6 AMORTIZED PREMIUM ON F N M A #BM1978 3.000% 10/01/32 CURRENT YEAR AMORTIZATION - - - - (50.61) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 3140X4H90 AMORTIZED PREMIUM ON F N M A #FM1155 2.500% 6/01/32 CURRENT YEAR AMORTIZATION - - - - (68.89) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 10/14/2021 10/14/2021 3140X4H90 DISTRIBUTED PAR VALUE OF F N M A #FM1155 2.500% 6/01/32 VALUED AT 126832.59 INTERNAL TRANSFER TO A/C XXXXX2002 (121,480.17) - - - (127,317.06) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 3140X7LS6 AMORTIZED PREMIUM ON F N M A #FM3936 2.500% 8/01/35 CURRENT YEAR AMORTIZATION - - - - (49.99) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 10/14/2021 10/14/2021 3140X7LS6 DISTRIBUTED PAR VALUE OF F N M A #FM3936 2.500% 8/01/35 VALUED AT 116962.97 INTERNAL TRANSFER TO A/C XXXXX2002 (111,748.77) - - - (116,956.42) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 10/14/2021 10/14/2021 31417YKF3 DISTRIBUTED PAR VALUE OF F N M A #MA0293 4.500% 1/01/30 VALUED AT 75498.65 INTERNAL TRANSFER TO A/C XXXXX2002 (69,632.14) - - - (35,530.51) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 31417YKF3 AMORTIZED PREMIUM ON F N M A #MA0293 4.500% 1/01/30 CURRENT YEAR AMORTIZATION - - - - (11.70) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 31418DQ47 AMORTIZED PREMIUM ON F N M A #MA4074 2.000% 6/01/35 CURRENT YEAR AMORTIZATION - - - - (51.69) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 10/14/2021 10/14/2021 31418DQ47 DISTRIBUTED PAR VALUE OF F N M A #MA4074 2.000% 6/01/35 VALUED AT 174475.05 INTERNAL TRANSFER TO A/C XXXXX2002 (169,607.32) - - - (174,999.82) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 31418DVU3 AMORTIZED PREMIUM ON F N M A #MA4226 2.000% 12/01/30 CURRENT YEAR AMORTIZATION - - - - (73.32) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 10/14/2021 10/14/2021 31418DVU3 DISTRIBUTED PAR VALUE OF F N M A #MA4226 2.000% 12/01/30 VALUED AT 148952.88 INTERNAL TRANSFER TO A/C XXXXX2002 (144,795.79) - - - (150,301.09) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 31418DXH0 AMORTIZED PREMIUM ON F N M A #MA4279 2.000% 3/01/36 CURRENT YEAR AMORTIZATION - - - - (47.75) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 10/14/2021 10/14/2021 31418DXH0 DISTRIBUTED PAR VALUE OF F N M A #MA4279 2.000% 3/01/36 VALUED AT 162061.76 INTERNAL TRANSFER TO A/C XXXXX2002 (157,540.35) - - - (162,790.14) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 10/14/2021 10/14/2021 31846V401 PURCHASED UNITS OF FIRST AM GOVT OB FD CL D 1,451,249.54 1.00 - (1,451,249.54) 1,451,249.54 - - Page 34 of 10272 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 91 CIP STAMP Portfolio Transaction Report by Account 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 36176XE21 AMORTIZED PREMIUM ON G N M A #778953 3.000% 3/15/27 CURRENT YEAR AMORTIZATION - - - - (106.41) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 10/14/2021 10/14/2021 36176XE21 DISTRIBUTED PAR VALUE OF G N M A #778953 3.000% 3/15/27 VALUED AT 113091.37 INTERNAL TRANSFER TO A/C XXXXX2002 (107,578.00) - - - (110,823.19) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 10/14/2021 10/14/2021 36179MU32 DISTRIBUTED PAR VALUE OF G N M A I I #MA0602 3.000% 12/20/27 VALUED AT 67440.55 INTERNAL TRANSFER TO A/C XXXXX2002 (64,238.27) - - - (66,499.93) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 36179MU32 AMORTIZED PREMIUM ON G N M A I I #MA0602 3.000% 12/20/27 CURRENT YEAR AMORTIZATION - - - - (56.32) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 10/14/2021 10/14/2021 36179NAH1 DISTRIBUTED PAR VALUE OF G N M A I I #MA0908 2.500% 4/20/28 VALUED AT 107008.81 INTERNAL TRANSFER TO A/C XXXXX2002 (102,768.58) - - - (106,301.39) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 36179NAH1 AMORTIZED PREMIUM ON G N M A I I #MA0908 2.500% 4/20/28 CURRENT YEAR AMORTIZATION - - - - (80.45) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 10/14/2021 10/14/2021 36179NHK7 DISTRIBUTED PAR VALUE OF G N M A I I #MA1134 3.000% 7/20/28 VALUED AT 120719.97 INTERNAL TRANSFER TO A/C XXXXX2002 (114,987.83) - - - (118,115.32) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 36179NHK7 AMORTIZED PREMIUM ON G N M A I I #MA1134 3.000% 7/20/28 CURRENT YEAR AMORTIZATION - - - - (70.68) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 10/14/2021 10/14/2021 36179RHM4 DISTRIBUTED PAR VALUE OF G N M A I I #MA2936 3.500% 7/20/30 VALUED AT 62462.23 INTERNAL TRANSFER TO A/C XXXXX2002 (58,416.32) - - - (61,079.64) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 36179RHM4 AMORTIZED PREMIUM ON G N M A I I #MA2936 3.500% 7/20/30 CURRENT YEAR AMORTIZATION - - - - (54.89) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 10/14/2021 10/14/2021 36179TF83 DISTRIBUTED PAR VALUE OF G N M A I I #MA4691 3.500% 9/20/32 VALUED AT 62423.88 INTERNAL TRANSFER TO A/C XXXXX2002 (58,397.38) - - - (61,369.78) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 36179TF83 AMORTIZED PREMIUM ON G N M A I I #MA4691 3.500% 9/20/32 CURRENT YEAR AMORTIZATION - - - - (51.74) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 10/14/2021 10/14/2021 38376WA62 DISTRIBUTED PAR VALUE OF G N M A GTD REMIC 4.000% 10/20/39 VALUED AT 94681.61 INTERNAL TRANSFER TO A/C XXXXX2002 (89,861.44) - - - (75,083.47) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 38376WA62 AMORTIZED PREMIUM ON G N M A GTD REMIC 4.000% 10/20/39 CURRENT YEAR AMORTIZATION - - - - (10.62) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 10/14/2021 10/14/2021 38378FRB8 DISTRIBUTED PAR VALUE OF G N M A GTD REMIC 2.000% 7/20/42 VALUED AT 119474.88 INTERNAL TRANSFER TO A/C XXXXX2002 (117,154.06) - - - (115,433.39) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 10/14/2021 10/14/2021 38378XP62 DISTRIBUTED PAR VALUE OF G N M A GTD REMIC 2.500% 5/16/55 VALUED AT 125608.03 INTERNAL TRANSFER TO A/C XXXXX2002 (122,880.09) - - - (124,163.88) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 38378XP62 AMORTIZED PREMIUM ON G N M A GTD REMIC 2.500% 5/16/55 CURRENT YEAR AMORTIZATION - - - - (2.91) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 10/14/2021 10/14/2021 912828XB1 DISTRIBUTED PAR VALUE OF U S TREASURY NT 2.125% 5/15/25 VALUED AT 1308500.00 INTERNAL TRANSFER TO A/C XXXXX2002 (1,250,000.00) - - - (1,273,691.74) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 912828XB1 AMORTIZED PREMIUM ON U S TREASURY NT 2.125% 5/15/25 CURRENT YEAR AMORTIZATION - - - - (3,781.17) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/14/2021 10/14/2021 10/14/2021 91282CCG4 DISTRIBUTED PAR VALUE OF U S TREASURY NT 0.250% 6/15/24 VALUED AT 520611.00 INTERNAL TRANSFER TO A/C XXXXX2002 (525,000.00) - - - (522,662.11) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/15/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - - (915.81) - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/15/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - - 915.81 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/15/2021 CASH RECEIPT PRINCIPAL DUE CUSIP3622A2GC0 - - - 1,380.28 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/15/2021 CASH RECEIPT PRINCIPAL DUE CUSIP3620ARZE4 - - - 1,892.50 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/15/2021 3128MMT52 INTEREST EARNED ON F H L M C GD G18571 2.500% 10/01/30 $1 PV ON 191.4700 SHARES DUE 10/15/2021 P & I DUE 10/15/21 - - - 191.47 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/15/2021 3128MMT52 AMORTIZED PREMIUM ON F H L M C GD G18571 2.500% 10/01/30 CURRENT YEAR AMORTIZATION - - - - (0.09) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/15/2021 10/15/2021 10/15/2021 3128MMT52 PAID DOWN PAR VALUE OF F H L M C GD G18571 2.500% 10/01/30 P & I DUE 10/15/21 (3,120.02) - - 3,120.02 (3,247.10) (127.08) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/15/2021 3128MMUL5 AMORTIZED PREMIUM ON F H L M C GD G18586 2.500% 2/01/31 CURRENT YEAR AMORTIZATION - - - - (0.08) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/15/2021 3128MMUL5 INTEREST EARNED ON F H L M C GD G18586 2.500% 2/01/31 $1 PV ON 185.2200 SHARES DUE 10/15/2021 P & I DUE 10/15/21 - - - 185.22 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/15/2021 10/15/2021 10/15/2021 3128MMUL5 PAID DOWN PAR VALUE OF F H L M C GD G18586 2.500% 2/01/31 P & I DUE 10/15/21 (3,310.66) - - 3,310.66 (3,426.41) - (115.75) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/15/2021 3137AYSH5 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 1.750% 12/15/42 CURRENT YEAR AMORTIZATION - - - - (1.30) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/15/2021 3137AYSH5 INTEREST EARNED ON F H L M C MLTCL MTG 1.750% 12/15/42 $1 PV ON 186.3400 SHARES DUE 10/15/2021 $0.00146/PV ON 115,304.73 PV DUE 10/15/21 - - - 186.34 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/15/2021 10/15/2021 10/15/2021 3137AYSH5 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 1.750% 12/15/42 (3,051.35) - - 3,051.35 (3,114.37) (63.02) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/15/2021 10/15/2021 10/15/2021 3137B5A60 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.500% 10/15/28 (356.28) - - 356.28 (352.27) - 4.01 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/15/2021 3137B5A60 INTEREST EARNED ON F H L M C MLTCL MTG 2.500% 10/15/28 $1 PV ON 20.5700 SHARES DUE 10/15/2021 $0.00208/PV ON 9,873.78 PV DUE 10/15/21 - - - 20.57 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/15/2021 3137B6DF5 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.000% 11/15/26 CURRENT YEAR AMORTIZATION - - - - (0.07) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/15/2021 3137B6DF5 INTEREST EARNED ON F H L M C MLTCL MTG 2.000% 11/15/26 $1 PV ON 107.7900 SHARES DUE 10/15/2021 $0.00167/PV ON 3,445.53 PV DUE 10/15/21 - - - 107.79 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/15/2021 10/15/2021 10/15/2021 3137B6DF5 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.000% 11/15/26 (3,445.53) - - 3,445.53 (3,502.45) (56.92) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/15/2021 10/15/2021 10/15/2021 31846V401 PURCHASED UNITS OF FIRST AM GOVT OB FD CL D 12,067.37 1.00 - (12,067.37) 12,067.37 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/15/2021 10/15/2021 10/15/2021 31846V401 PURCHASED UNITS OF FIRST AM GOVT OB FD CL D 10,244.02 1.00 - (10,244.02) 10,244.02 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/15/2021 36176XE21 INTEREST EARNED ON G N M A #778953 3.000% 3/15/27 $1 PV ON 276.5000 SHARES DUE 10/15/2021 SEPTEMBER GNMA DUE 10/15/21 - - - 276.50 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/15/2021 36176XE21 AMORTIZED PREMIUM ON G N M A #778953 3.000% 3/15/27 CURRENT YEAR AMORTIZATION - - - - (0.10) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/15/2021 10/15/2021 10/15/2021 36176XE21 PAID DOWN PAR VALUE OF G N M A #778953 3.000% 3/15/27 SEPTEMBER GNMA DUE 10/15/21 (3,023.84) - - 3,023.84 (3,114.96) - (91.12) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/15/2021 10/15/2021 10/15/2021 36176XQB8 PAID DOWN PAR VALUE OF G N M A #779250 3.000% 5/15/27 SEPTEMBER GNMA DUE 10/15/21 (1,204.85) - - 1,204.85 (1,248.70) (43.85) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/15/2021 36176XQB8 AMORTIZED PREMIUM ON G N M A #779250 3.000% 5/15/27 CURRENT YEAR AMORTIZATION - - - - (41.72) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/15/2021 36176XQB8 INTEREST EARNED ON G N M A #779250 3.000% 5/15/27 $1 PV ON 87.0300 SHARES DUE 10/15/2021 SEPTEMBER GNMA DUE 10/15/21 - - - 87.03 - - - Page 35 of 10273 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 91 CIP STAMP Portfolio Transaction Report by Account 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/15/2021 3620ARZE4 INTEREST EARNED ON G N M A #737941 3.000% 2/15/26 $1 PV ON 56907.5200 SHARES DUE 10/15/2021 INT DUE 10/15/21 - - - 142.27 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/15/2021 3622A2GC0 INTEREST EARNED ON G N M A #783795 2.500% 3/15/28 $1 PV ON 45363.9200 SHARES DUE 10/15/2021 - - - 94.51 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/15/2021 91282CAP6 INTEREST EARNED ON U S TREASURY NT 0.125% 10/15/23 $1 PV ON 375000.0000 SHARES DUE 10/15/2021 - - - 234.38 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/18/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - - 2,611.84 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/18/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - - (2,611.84) - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/18/2021 10/18/2021 10/18/2021 31846V401 PURCHASED UNITS OF FIRST AM GOVT OB FD CL D 1,486.92 1.00 - (1,486.92) 1,486.92 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/18/2021 10/18/2021 10/18/2021 31846V401 PURCHASED UNITS OF FIRST AM GOVT OB FD CL D 56,703.96 1.00 - (56,703.96) 56,703.96 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/18/2021 38375XCM4 INTEREST EARNED ON G N M A GTD REMIC 5.000% 11/16/37 $1 PV ON 49.0000 SHARES DUE 10/16/2021 $0.00417/PV ON 11,759.65 PV DUE 10/16/21 - - - 49.00 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/18/2021 38375XCM4 AMORTIZED PREMIUM ON G N M A GTD REMIC 5.000% 11/16/37 CURRENT YEAR AMORTIZATION - - - - (3.94) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/18/2021 10/16/2021 10/18/2021 38375XCM4 PAID DOWN PAR VALUE OF G N M A GTD REMIC 5.000% 11/16/37 (2,070.35) - - 2,070.35 (2,105.54) - (35.19) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/18/2021 10/16/2021 10/18/2021 38376T5Z1 PAID DOWN PAR VALUE OF G N M A GTD REMIC 3.000% 1/16/39 (1,364.16) - - 1,364.16 (362.78) (11.59) 1,012.97 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/18/2021 38376T5Z1 INTEREST EARNED ON G N M A GTD REMIC 3.000% 1/16/39 $1 PV ON 122.7600 SHARES DUE 10/16/2021 $0.00250/PV ON 49,103.35 PV DUE 10/16/21 - - - 122.76 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/18/2021 38376T5Z1 AMORTIZED PREMIUM ON G N M A GTD REMIC 3.000% 1/16/39 CURRENT YEAR AMORTIZATION - - - - (8.44) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/18/2021 38378KRS0 INTEREST EARNED ON G N M A GTD REMIC 2.38858% 7/16/43 $1 PV ON 792.8100 SHARES DUE 10/16/2021 $0.00199/PV ON 398,302.29 PV DUE 10/16/21 - - - 792.81 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/18/2021 10/16/2021 10/18/2021 38378KRS0 PAID DOWN PAR VALUE OF G N M A GTD REMIC 2.38858% 7/16/43 (50,521.63) - - 50,521.63 (48,777.05) - 1,744.58 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/18/2021 38378KSL4 INTEREST EARNED ON G N M A GTD REMIC 2.577% 12/16/46 $1 PV ON 914.0700 SHARES DUE 10/16/2021 $0.00215/PV ON 425,000.00 PV DUE 10/16/21 - - - 914.07 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/18/2021 10/16/2021 10/18/2021 38378KXW4 PAID DOWN PAR VALUE OF G N M A GTD REMIC 1.705% 2/16/37 (507.93) - - 507.93 - - 507.93 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/18/2021 38378KXW4 INTEREST EARNED ON G N M A GTD REMIC 1.705% 2/16/37 $1 PV ON 71.1500 SHARES DUE 10/16/2021 $0.00142/PV ON 50,073.48 PV DUE 10/16/21 - - - 71.15 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/18/2021 10/16/2021 10/18/2021 38378VC45 PAID DOWN PAR VALUE OF G N M A GTD REMIC 2.250% 12/16/41 (1,485.51) - - 1,485.51 (1,431.89) - 53.62 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/18/2021 38378VC45 INTEREST EARNED ON G N M A GTD REMIC 2.250% 12/16/41 $1 PV ON 122.1200 SHARES DUE 10/16/2021 $0.00188/PV ON 65,131.09 PV DUE 10/16/21 - - - 122.12 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/18/2021 38379KDN5 INTEREST EARNED ON G N M A GTD REMIC 2.381% 9/16/55 $1 PV ON 88.9600 SHARES DUE 10/16/2021 $0.00205/PV ON 43,332.53 PV DUE 10/16/21 - - - 88.96 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/18/2021 10/16/2021 10/18/2021 38379KDN5 PAID DOWN PAR VALUE OF G N M A GTD REMIC 2.381% 9/16/55 (80.43) - - 80.43 (78.38) - 2.05 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/19/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - - (122.76) - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/19/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - - 122.76 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/19/2021 3137AQQE1 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 1.500% 5/15/27 CURRENT YEAR AMORTIZATION - - - - (0.04) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/19/2021 3137AQQE1 INTEREST EARNED ON F H L M C MLTCL MTG 1.500% 5/15/27 $1 PV ON 95.4500 SHARES DUE 10/15/2021 $0.00125/PV ON 2,118.22 PV DUE 10/15/21 - - - 95.45 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/19/2021 10/15/2021 10/19/2021 3137AQQE1 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 1.500% 5/15/27 (2,118.21) 1,427.73 - 2,118.21 (2,148.97) (30.76) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/19/2021 3137B9RN7 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.500% 12/15/27 CURRENT YEAR AMORTIZATION - - - - (0.09) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/19/2021 3137B9RN7 INTEREST EARNED ON F H L M C MLTCL MTG 2.500% 12/15/27 $1 PV ON 184.1100 SHARES DUE 10/15/2021 $0.00208/PV ON 5,166.59 PV DUE 10/15/21 - - - 184.11 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/19/2021 10/15/2021 10/19/2021 3137B9RN7 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.500% 12/15/27 (5,166.59) 585.35 - 5,166.59 (5,248.46) (81.87) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/19/2021 10/19/2021 10/19/2021 31846V401 PURCHASED UNITS OF FIRST AM GOVT OB FD CL D 7,564.36 1.00 - (7,564.36) 7,564.36 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - - 2,042.35 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 CASH DISBURSEMENT PAID TO 226122002 TRANSFER TO ANOTHER TRUST MT3886 TRANSFER SHOULD HAVE - - - (29,890.06) - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - - (2,042.35) - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 10/20/2021 10/20/2021 3128MMT52 DISTRIBUTED PAR VALUE OF F H L M C GD G18571 2.500% 10/01/30 VALUED AT 0.01 TO REMOVE RESIDUAL SHARES (0.01) - - - (0.01) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 10/20/2021 10/20/2021 31846V401 PURCHASED UNITS OF FIRST AM GOVT OB FD CL D 31,896.41 1.00 - (31,896.41) 31,896.41 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 10/20/2021 10/20/2021 31846V401 SOLD UNITS OF FIRST AM GOVT OB FD CL D (16,165.74) 1.00 - 16,165.74 (16,165.74) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 36179MEK2 INTEREST EARNED ON G N M A I I #MA0138 2.500% 6/20/27 $1 PV ON 131.6700 SHARES DUE 10/20/2021 SEPTEMBER GNMA DUE 10/20/21 - - - 131.67 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 36179MEK2 AMORTIZED PREMIUM ON G N M A I I #MA0138 2.500% 6/20/27 CURRENT YEAR AMORTIZATION - - - - (147.74) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 10/20/2021 10/20/2021 36179MEK2 PAID DOWN PAR VALUE OF G N M A I I #MA0138 2.500% 6/20/27 SEPTEMBER GNMA DUE 10/20/21 (2,237.81) - - 2,237.81 (2,278.59) - (40.78) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 10/20/2021 10/20/2021 36179MU24 PAID DOWN PAR VALUE OF G N M A I I #MA0601 2.500% 12/20/27 SEPTEMBER GNMA DUE 10/20/21 (1,051.62) - - 1,051.62 (1,080.13) - (28.51) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 36179MU24 INTEREST EARNED ON G N M A I I #MA0601 2.500% 12/20/27 $1 PV ON 76.6200 SHARES DUE 10/20/2021 SEPTEMBER GNMA DUE 10/20/21 - - - 76.62 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 36179MU24 AMORTIZED PREMIUM ON G N M A I I #MA0601 2.500% 12/20/27 CURRENT YEAR AMORTIZATION - - - - (28.68) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 36179MU32 AMORTIZED PREMIUM ON G N M A I I #MA0602 3.000% 12/20/27 CURRENT YEAR AMORTIZATION - - - - (0.67) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 36179MU32 INTEREST EARNED ON G N M A I I #MA0602 3.000% 12/20/27 $1 PV ON 168.6400 SHARES DUE 10/20/2021 10/20/21 PYMT - - - 168.64 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 10/20/2021 10/20/2021 36179MU32 PAID DOWN PAR VALUE OF G N M A I I #MA0602 3.000% 12/20/27 10/20/21 PYMT (3,216.41) - - 3,216.41 (3,328.98) - (112.57) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 10/20/2021 10/20/2021 36179MZV5 PAID DOWN PAR VALUE OF G N M A I I #MA0756 2.500% 2/20/28 SEPTEMBER GNMA DUE 10/20/21 (1,155.54) - - 1,155.54 (1,187.16) - (31.62) Page 36 of 10274 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 91 CIP STAMP Portfolio Transaction Report by Account 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 36179MZV5 INTEREST EARNED ON G N M A I I #MA0756 2.500% 2/20/28 $1 PV ON 104.2500 SHARES DUE 10/20/2021 SEPTEMBER GNMA DUE 10/20/21 - - - 104.25 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 36179MZV5 AMORTIZED PREMIUM ON G N M A I I #MA0756 2.500% 2/20/28 CURRENT YEAR AMORTIZATION - - - - (38.47) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 36179NAH1 AMORTIZED PREMIUM ON G N M A I I #MA0908 2.500% 4/20/28 CURRENT YEAR AMORTIZATION - - - - (0.56) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 36179NAH1 INTEREST EARNED ON G N M A I I #MA0908 2.500% 4/20/28 $1 PV ON 220.2000 SHARES DUE 10/20/2021 10/20/21 P & I PAYMENT - - - 220.20 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 10/20/2021 10/20/2021 36179NAH1 PAID DOWN PAR VALUE OF G N M A I I #MA0908 2.500% 4/20/28 10/20/21 P & I PAYMENT (2,928.44) - - 2,928.44 (3,028.55) (100.11) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 10/20/2021 10/20/2021 36179NAJ7 PAID DOWN PAR VALUE OF G N M A I I #MA0909 3.000% 4/20/28 SEPTEMBER GNMA DUE 10/20/21 (709.11) - - 709.11 (735.39) - (26.28) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 36179NAJ7 INTEREST EARNED ON G N M A I I #MA0909 3.000% 4/20/28 $1 PV ON 62.8600 SHARES DUE 10/20/2021 SEPTEMBER GNMA DUE 10/20/21 - - - 62.86 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 36179NAJ7 AMORTIZED PREMIUM ON G N M A I I #MA0909 3.000% 4/20/28 CURRENT YEAR AMORTIZATION - - - - (26.60) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 36179NHK7 AMORTIZED PREMIUM ON G N M A I I #MA1134 3.000% 7/20/28 CURRENT YEAR AMORTIZATION - - - - (0.47) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 36179NHK7 INTEREST EARNED ON G N M A I I #MA1134 3.000% 7/20/28 $1 PV ON 295.3400 SHARES DUE 10/20/2021 10/20/21 PYMT - - - 295.34 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 10/20/2021 10/20/2021 36179NHK7 PAID DOWN PAR VALUE OF G N M A I I #MA1134 3.000% 7/20/28 10/20/21 PYMT (3,147.51) - - 3,147.51 (3,232.65) - (85.14) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 10/20/2021 10/20/2021 36179NKP2 PAID DOWN PAR VALUE OF G N M A II #MA1202 2.500% 8/20/28 SEPTEMBER GNMA DUE 10/20/21 (2,255.84) - - 2,255.84 (2,323.93) (23.39) (44.70) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 36179NKP2 INTEREST EARNED ON G N M A II #MA1202 2.500% 8/20/28 $1 PV ON 165.4300 SHARES DUE 10/20/2021 SEPTEMBER GNMA DUE 10/20/21 - - - 165.43 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 36179NKP2 AMORTIZED PREMIUM ON G N M A II #MA1202 2.500% 8/20/28 CURRENT YEAR AMORTIZATION - - - - (63.35) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 10/20/2021 10/20/2021 36179RFD6 PAID DOWN PAR VALUE OF G N M A I I #MA2864 3.000% 6/20/30 P & I DUE 10/20/21 (386.75) - - 386.75 (399.97) - (13.22) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 36179RFD6 AMORTIZED PREMIUM ON G N M A I I #MA2864 3.000% 6/20/30 CURRENT YEAR AMORTIZATION - - - - (0.19) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 36179RFD6 INTEREST EARNED ON G N M A I I #MA2864 3.000% 6/20/30 $1 PV ON 38.2700 SHARES DUE 10/20/2021 P & I DUE 10/20/21 - - - 38.27 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 36179RHM4 AMORTIZED PREMIUM ON G N M A I I #MA2936 3.500% 7/20/30 CURRENT YEAR AMORTIZATION - - - - (0.70) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 36179RHM4 INTEREST EARNED ON G N M A I I #MA2936 3.500% 7/20/30 $1 PV ON 179.5500 SHARES DUE 10/20/2021 10/20/21 PYMT - - - 179.55 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 10/20/2021 10/20/2021 36179RHM4 PAID DOWN PAR VALUE OF G N M A I I #MA2936 3.500% 7/20/30 10/20/21 PYMT (3,143.21) - - 3,143.21 (3,285.82) (142.61) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 36179TF83 INTEREST EARNED ON G N M A I I #MA4691 3.500% 9/20/32 $1 PV ON 176.2700 SHARES DUE 10/20/2021 SEPTEMBER GNMA DUE 10/20/21 - - - 176.27 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 10/20/2021 10/20/2021 36179TF83 PAID DOWN PAR VALUE OF G N M A I I #MA4691 3.500% 9/20/32 SEPTEMBER GNMA DUE 10/20/21 (2,038.39) - - 2,038.39 (2,141.70) (103.31) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 36179TF83 AMORTIZED PREMIUM ON G N M A I I #MA4691 3.500% 9/20/32 CURRENT YEAR AMORTIZATION - - - - (0.44) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 10/20/2021 10/20/2021 36202F2H8 PAID DOWN PAR VALUE OF G N M A I I #005276 3.000% 1/20/27 SEPTEMBER GNMA DUE 10/20/21 (2,416.83) - - 2,416.83 (2,446.85) (14.75) (15.27) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 36202F2H8 INTEREST EARNED ON G N M A I I #005276 3.000% 1/20/27 $1 PV ON 198.9400 SHARES DUE 10/20/2021 SEPTEMBER GNMA DUE 10/20/21 - - - 198.94 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 36202F2H8 AMORTIZED PREMIUM ON G N M A I I #005276 3.000% 1/20/27 CURRENT YEAR AMORTIZATION - - - - (31.98) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 36202F3H7 INTEREST EARNED ON G N M A I I #005300 3.000% 2/20/27 $1 PV ON 105.6500 SHARES DUE 10/20/2021 SEPTEMBER GNMA DUE 10/20/21 - - - 105.65 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 36202F3H7 AMORTIZED PREMIUM ON G N M A I I #005300 3.000% 2/20/27 CURRENT YEAR AMORTIZATION - - - - (43.48) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 10/20/2021 10/20/2021 36202F3H7 PAID DOWN PAR VALUE OF G N M A I I #005300 3.000% 2/20/27 SEPTEMBER GNMA DUE 10/20/21 (1,448.79) - - 1,448.79 (1,493.03) - (44.24) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 38376TTT9 INTEREST EARNED ON G N M A GTD REMIC 3.000% 11/20/39 $1 PV ON 50.5300 SHARES DUE 10/20/2021 $0.00250/PV ON 20,210.85 PV DUE 10/20/21 - - - 50.53 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 38376TTT9 AMORTIZED PREMIUM ON G N M A GTD REMIC 3.000% 11/20/39 CURRENT YEAR AMORTIZATION - - - - (5.51) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 10/20/2021 10/20/2021 38376TTT9 PAID DOWN PAR VALUE OF G N M A GTD REMIC 3.000% 11/20/39 (669.28) - - 669.28 (679.83) - (10.55) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 38377LFC7 INTEREST EARNED ON G N M A GTD REMIC 2.500% 12/20/39 $1 PV ON 38.3700 SHARES DUE 10/20/2021 $0.00208/PV ON 18,416.05 PV DUE 10/20/21 - - - 38.37 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 38377LFC7 AMORTIZED PREMIUM ON G N M A GTD REMIC 2.500% 12/20/39 CURRENT YEAR AMORTIZATION - - - - (2.92) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 10/20/2021 10/20/2021 38377LFC7 PAID DOWN PAR VALUE OF G N M A GTD REMIC 2.500% 12/20/39 (3,337.01) - - 3,337.01 (3,367.13) (30.12) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 10/20/2021 10/20/2021 38377QKH9 PAID DOWN PAR VALUE OF G N M A GTD REMIC 3.000% 8/20/40 (1,003.09) - - 1,003.09 (1,014.47) - (11.38) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 38377QKH9 INTEREST EARNED ON G N M A GTD REMIC 3.000% 8/20/40 $1 PV ON 38.2000 SHARES DUE 10/20/2021 $0.00250/PV ON 15,278.60 PV DUE 10/20/21 - - - 38.20 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 38377QKH9 AMORTIZED PREMIUM ON G N M A GTD REMIC 3.000% 8/20/40 CURRENT YEAR AMORTIZATION - - - - (2.91) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 38377RVK8 INTEREST EARNED ON G N M A GTD REMIC 3.000% 4/20/39 $1 PV ON 101.7900 SHARES DUE 10/20/2021 $0.00250/PV ON 40,717.16 PV DUE 10/20/21 - - - 101.79 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 38377RVK8 AMORTIZED PREMIUM ON G N M A GTD REMIC 3.000% 4/20/39 CURRENT YEAR AMORTIZATION - - - - (2.04) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 10/20/2021 10/20/2021 38377RVK8 PAID DOWN PAR VALUE OF G N M A GTD REMIC 3.000% 4/20/39 (1,734.65) - - 1,734.65 (857.98) - 876.67 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 10/20/2021 10/20/2021 38377YTL4 PAID DOWN PAR VALUE OF G N M A GTD REMIC 2.000% 5/20/40 (639.93) - - 639.93 (646.86) (6.93) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 38377YTL4 INTEREST EARNED ON G N M A GTD REMIC 2.000% 5/20/40 $1 PV ON 21.1300 SHARES DUE 10/20/2021 $0.00167/PV ON 12,680.01 PV DUE 10/20/21 - - - 21.13 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 38377YTL4 AMORTIZED PREMIUM ON G N M A GTD REMIC 2.000% 5/20/40 CURRENT YEAR AMORTIZATION - - - - (2.38) - - Page 37 of 10275 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 91 CIP STAMP Portfolio Transaction Report by Account 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 38378AU90 AMORTIZED PREMIUM ON G N M A GTD REMIC 3.000% 10/20/26 CURRENT YEAR AMORTIZATION - - - - (28.74) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 38378AU90 INTEREST EARNED ON G N M A GTD REMIC 3.000% 10/20/26 $1 PV ON 123.6600 SHARES DUE 10/20/2021 $0.00250/PV ON 49,462.14 PV DUE 10/20/21 - - - 123.66 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 10/20/2021 10/20/2021 38378AU90 PAID DOWN PAR VALUE OF G N M A GTD REMIC 3.000% 10/20/26 (3,829.56) - - 3,829.56 (3,889.51) - (59.95) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 38378HAU0 INTEREST EARNED ON G N M A GTD REMIC 1.500% 8/20/27 $1 PV ON 59.2900 SHARES DUE 10/20/2021 $0.00125/PV ON 47,432.13 PV DUE 10/20/21 - - - 59.29 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 38378HAU0 AMORTIZED PREMIUM ON G N M A GTD REMIC 1.500% 8/20/27 CURRENT YEAR AMORTIZATION - - - - (21.44) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 10/20/2021 10/20/2021 38378HAU0 PAID DOWN PAR VALUE OF G N M A GTD REMIC 1.500% 8/20/27 (1,202.56) - - 1,202.56 (1,218.64) (16.08) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 10/20/2021 10/20/2021 38378JZD7 PAID DOWN PAR VALUE OF G N M A GTD REMIC 1.500% 12/20/40 (834.44) - - 834.44 (824.01) - 10.43 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 38378JZD7 INTEREST EARNED ON G N M A GTD REMIC 1.500% 12/20/40 $1 PV ON 24.3200 SHARES DUE 10/20/2021 $0.00125/PV ON 19,454.68 PV DUE 10/20/21 - - - 24.32 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 38378TAF7 INTEREST EARNED ON G N M A GTD REMIC 2.500% 7/20/41 $1 PV ON 124.6500 SHARES DUE 10/20/2021 $0.00208/PV ON 59,831.73 PV DUE 10/20/21 - - - 124.65 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 10/20/2021 10/20/2021 38378TAF7 PAID DOWN PAR VALUE OF G N M A GTD REMIC 2.500% 7/20/41 (1,773.39) - - 1,773.39 (0.01) - 1,773.38 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 10/20/2021 10/20/2021 38380AZ34 PAID DOWN PAR VALUE OF G N M A GTD REMIC 3.000% 4/20/46 (1,795.78) - - 1,795.78 (1,813.64) - (17.86) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 38380AZ34 INTEREST EARNED ON G N M A GTD REMIC 3.000% 4/20/46 $1 PV ON 159.1600 SHARES DUE 10/20/2021 $0.00250/PV ON 63,662.79 PV DUE 10/20/21 - - - 159.16 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/20/2021 38380AZ34 AMORTIZED PREMIUM ON G N M A GTD REMIC 3.000% 4/20/46 CURRENT YEAR AMORTIZATION - - - - (12.30) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/21/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - - (902.00) - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/21/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - - 902.00 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/21/2021 10/21/2021 10/21/2021 3136A7MN9 DISTRIBUTED PAR VALUE OF F N M A GTD REMIC 2.349% 5/25/22 VALUED AT 0.02 (0.02) - - - (0.02) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/21/2021 10/21/2021 10/21/2021 31846V401 SOLD UNITS OF FIRST AM GOVT OB FD CL D (2,016.00) 1.00 - 2,016.00 (2,016.00) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/21/2021 10/04/2021 3620ARZE4 RECEIVED ACCRUED INTEREST ON SALE OF G N M A #737941 3.000% 2/15/26 - - - 13.75 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/21/2021 3620ARZE4 AMORTIZED PREMIUM ON G N M A #737941 3.000% 2/15/26 CURRENT YEAR AMORTIZATION - - - - (37.52) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/21/2021 10/01/2021 10/04/2021 3620ARZE4 SOLD PAR VALUE OF G N M A #737941 3.000% 2/15/26 /GOLDMAN SACHS & CO. LLC/55,014.98 PAR VALUE AT 106.50000274 % (55,014.98) 1.07 - 58,590.96 (56,513.30) - 2,077.66 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/22/2021 CASH RECEIPT PRINCIPAL DUE PRINCIPAL DUE 10/16/21; 38378KWU9 - - - 256.61 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/22/2021 10/22/2021 10/22/2021 31846V401 PURCHASED UNITS OF FIRST AM GOVT OB FD CL D 277.25 1.00 - (277.25) 277.25 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/22/2021 38378KWU9 INTEREST EARNED ON G N M A GTD REMIC 1.400% 10/16/41 $1 PV ON 17690.7400 SHARES DUE 10/16/2021 - - - 20.64 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 CASH RECEIPT PRINCIPAL DUE PRINCIPAL DUE 10/25/21; 3136A7MN9 - - - 12,824.26 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - - 5,912.79 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 CASH RECEIPT PRINCIPAL DUE PRIN DUE 3137AUPE3 10/25/21 - - - 376.19 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - - (5,912.79) - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 10/25/2021 10/25/2021 3132A85Y1 PAID DOWN PAR VALUE OF F H L M C #ZS8063 2.500% 9/01/32 P & I DUE 10/25/21 (4,188.05) - - 4,188.05 (4,365.43) - (177.38) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3132A85Y1 INTEREST EARNED ON F H L M C #ZS8063 2.500% 9/01/32 $1 PV ON 360.4900 SHARES DUE 10/25/2021 P & I DUE 10/25/21 - - - 360.49 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3132A85Y1 AMORTIZED PREMIUM ON F H L M C #ZS8063 2.500% 9/01/32 CURRENT YEAR AMORTIZATION - - - - (130.19) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3132A8GL7 INTEREST EARNED ON F H L M C #ZS7403 3.000% 5/01/31 $1 PV ON 173.8800 SHARES DUE 10/25/2021 SEPTEMBER FHLMC DUE 10/25/21 - - - 173.88 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3132A8GL7 AMORTIZED PREMIUM ON F H L M C #ZS7403 3.000% 5/01/31 CURRENT YEAR AMORTIZATION - - - - (0.81) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 10/25/2021 10/25/2021 3132A8GL7 PAID DOWN PAR VALUE OF F H L M C #ZS7403 3.000% 5/01/31 SEPTEMBER FHLMC DUE 10/25/21 (1,816.16) - - 1,816.16 (1,921.20) (105.04) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3132A9T64 INTEREST EARNED ON F H L M C #ZS8673 3.000% 10/01/32 $1 PV ON 271.8300 SHARES DUE 10/25/2021 SEPTEMBER FHLMC DUE 10/25/21 - - - 271.83 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3132A9T64 AMORTIZED PREMIUM ON F H L M C #ZS8673 3.000% 10/01/32 CURRENT YEAR AMORTIZATION - - - - (1.18) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 10/25/2021 10/25/2021 3132A9T64 PAID DOWN PAR VALUE OF F H L M C #ZS8673 3.000% 10/01/32 SEPTEMBER FHLMC DUE 10/25/21 (4,090.03) - - 4,090.03 (4,260.90) - (170.87) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3132AEF68 INTEREST EARNED ON F H L M C #ZT1989 3.500% 1/01/33 $1 PV ON 369.2300 SHARES DUE 10/25/2021 P & I DUE 10/25/21 - - - 369.23 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3132AEF68 AMORTIZED PREMIUM ON F H L M C #ZT1989 3.500% 1/01/33 CURRENT YEAR AMORTIZATION - - - - (1.40) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 10/25/2021 10/25/2021 3132AEF68 PAID DOWN PAR VALUE OF F H L M C #ZT1989 3.500% 1/01/33 P & I DUE 10/25/21 (2,558.26) - - 2,558.26 (2,741.08) (182.82) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 10/25/2021 10/25/2021 3132AEFC5 PAID DOWN PAR VALUE OF F H L M C #ZT1963 3.500% 11/01/30 P & I DUE 10/25/21 (8,108.77) - - 8,108.77 (8,577.82) - (469.05) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3132AEFC5 AMORTIZED PREMIUM ON F H L M C #ZT1963 3.500% 11/01/30 CURRENT YEAR AMORTIZATION - - - - (476.61) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3132AEFC5 INTEREST EARNED ON F H L M C #ZT1963 3.500% 11/01/30 $1 PV ON 1002.2700 SHARES DUE 10/25/2021 P & I DUE 10/25/21 - - - 1,002.27 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3132AEFK7 INTEREST EARNED ON F H L M C #ZT1970 3.500% 4/01/33 $1 PV ON 196.2800 SHARES DUE 10/25/2021 P & I DUE 10/25/21 - - - 196.28 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3132AEFK7 AMORTIZED PREMIUM ON F H L M C #ZT1970 3.500% 4/01/33 CURRENT YEAR AMORTIZATION - - - - (100.89) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 10/25/2021 10/25/2021 3132AEFK7 PAID DOWN PAR VALUE OF F H L M C #ZT1970 3.500% 4/01/33 P & I DUE 10/25/21 (1,898.91) - - 1,898.91 (2,037.55) (138.64) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3132D9C93 AMORTIZED PREMIUM ON F H L M C #SC0096 3.000% 10/01/40 CURRENT YEAR AMORTIZATION - - - - (1.24) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3132D9C93 INTEREST EARNED ON F H L M C #SC0096 3.000% 10/01/40 $1 PV ON 386.6500 SHARES DUE 10/25/2021 SEPTEMBER FHLMC DUE 10/25/21 - - - 386.65 - - - Page 38 of 10276 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 91 CIP STAMP Portfolio Transaction Report by Account 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 10/25/2021 10/25/2021 3132D9C93 PAID DOWN PAR VALUE OF F H L M C #SC0096 3.000% 10/01/40 SEPTEMBER FHLMC DUE 10/25/21 (2,697.51) - - 2,697.51 (2,859.11) (161.60) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 10/25/2021 10/25/2021 3136A72D3 PAID DOWN PAR VALUE OF F N M A GTD REMIC 2.482% 4/25/22 (16,369.76) - - 16,369.76 (0.04) - 16,369.72 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3136A72D3 INTEREST EARNED ON F N M A GTD REMIC 2.482% 4/25/22 $1 PV ON 124.7400 SHARES DUE 10/25/2021 $0.00207/PV ON 60,307.47 PV DUE 10/25/21 - - - 124.74 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3136A7MN9 INTEREST EARNED ON F N M A GTD REMIC 2.349% 5/25/22 $1 PV ON 131271.5100 SHARES DUE 10/25/2021 - - - 257.01 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 10/25/2021 10/25/2021 3136A8SX9 PAID DOWN PAR VALUE OF F N M A GTD REMIC 1.500% 9/25/27 (600.81) - - 600.81 (609.71) (8.90) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3136A8SX9 AMORTIZED PREMIUM ON F N M A GTD REMIC 1.500% 9/25/27 CURRENT YEAR AMORTIZATION - - - - (17.26) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3136A8SX9 INTEREST EARNED ON F N M A GTD REMIC 1.500% 9/25/27 $1 PV ON 44.6600 SHARES DUE 10/25/2021 $0.00125/PV ON 35,727.47 PV DUE 10/25/21 - - - 44.66 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3136ABNZ2 INTEREST EARNED ON F N M A GTD REMIC 2.000% 11/25/42 $1 PV ON 69.8500 SHARES DUE 10/25/2021 $0.00167/PV ON 41,909.56 PV DUE 10/25/21 - - - 69.85 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3136ABNZ2 AMORTIZED PREMIUM ON F N M A GTD REMIC 2.000% 11/25/42 CURRENT YEAR AMORTIZATION - - - - (12.01) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 10/25/2021 10/25/2021 3136ABNZ2 PAID DOWN PAR VALUE OF F N M A GTD REMIC 2.000% 11/25/42 (1,639.76) - - 1,639.76 (1,667.90) (28.14) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 10/25/2021 10/25/2021 3136AC7J4 PAID DOWN PAR VALUE OF F N M A GTD REMIC 2.560% 3/25/23 (80.69) - - 80.69 (79.85) - 0.84 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3136AC7J4 INTEREST EARNED ON F N M A GTD REMIC 2.560% 3/25/23 $1 PV ON 74.4000 SHARES DUE 10/25/2021 $0.00211/PV ON 35,235.64 PV DUE 10/25/21 - - - 74.40 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3136ADFF1 INTEREST EARNED ON F N M A GTD REMIC 1.500% 4/25/23 $1 PV ON 33.5100 SHARES DUE 10/25/2021 $0.00125/PV ON 26,805.55 PV DUE 10/25/21 - - - 33.51 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 10/25/2021 10/25/2021 3136ADFF1 PAID DOWN PAR VALUE OF F N M A GTD REMIC 1.500% 4/25/23 (2,470.64) - - 2,470.64 (2,435.12) - 35.52 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3136ADZA0 INTEREST EARNED ON F N M A GTD REMIC 1.250% 4/25/28 $1 PV ON 95.5900 SHARES DUE 10/25/2021 $0.00104/PV ON 1,827.08 PV DUE 10/25/21 - - - 95.59 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 10/25/2021 10/25/2021 3136ADZA0 PAID DOWN PAR VALUE OF F N M A GTD REMIC 1.250% 4/25/28 (1,827.08) - - 1,827.08 (1,844.49) (17.41) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3136ADZA0 AMORTIZED PREMIUM ON F N M A GTD REMIC 1.250% 4/25/28 CURRENT YEAR AMORTIZATION - - - - (0.19) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 10/25/2021 10/25/2021 3136AEY84 PAID DOWN PAR VALUE OF F N M A GTD REMIC 1.750% 7/25/28 (710.37) - - 710.37 (721.95) (11.58) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3136AEY84 INTEREST EARNED ON F N M A GTD REMIC 1.750% 7/25/28 $1 PV ON 60.0300 SHARES DUE 10/25/2021 $0.00146/PV ON 41,161.98 PV DUE 10/25/21 - - - 60.03 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3136AEY84 AMORTIZED PREMIUM ON F N M A GTD REMIC 1.750% 7/25/28 CURRENT YEAR AMORTIZATION - - - - (19.64) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3136AHAE0 INTEREST EARNED ON F N M A GTD REMIC 2.623% 4/25/23 $1 PV ON 60.1800 SHARES DUE 10/25/2021 $0.00213/PV ON 28,288.13 PV DUE 10/25/21 - - - 60.18 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3136AHAE0 AMORTIZED PREMIUM ON F N M A GTD REMIC 2.623% 4/25/23 CURRENT YEAR AMORTIZATION - - - - (7.74) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 10/25/2021 10/25/2021 3136AHAE0 PAID DOWN PAR VALUE OF F N M A GTD REMIC 2.623% 4/25/23 (6,701.19) - - 6,701.19 (6,736.75) - (35.56) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3137ATRW4 INTEREST EARNED ON F H L M C MULTICLA 2.373% 5/25/22 $1 PV ON 539.9800 SHARES DUE 10/25/2021 $0.00190/PV ON 273,063.73 PV DUE 10/25/21 - - - 539.98 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 10/25/2021 10/25/2021 3137ATRW4 PAID DOWN PAR VALUE OF F H L M C MULTICLA 2.373% 5/25/22 (726.86) - - 726.86 (716.49) - 10.37 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3137AUPE3 INTEREST EARNED ON F H L M C MLTCL MT 2.396% 6/25/22 $1 PV ON 147460.3200 SHARES DUE 10/25/2021 - - - 293.72 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3137AWQG3 INTEREST EARNED ON F H L M C MLTCL MT 1.58303% 4/25/22 $1 PV ON 36.1800 SHARES DUE 10/25/2021 $0.00555/PV ON 27,426.01 PV DUE 10/25/21 - - - 36.18 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3137AWQG3 AMORTIZED PREMIUM ON F H L M C MLTCL MT 1.58303% 4/25/22 CURRENT YEAR AMORTIZATION - - - - (11.82) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 10/25/2021 10/25/2021 3137AWQG3 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 1.58303% 4/25/22 (3,934.40) 50.40 - 3,934.40 (3,945.08) - (10.68) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3137AXHP1 INTEREST EARNED ON F H L M C MLTCL MT 2.573% 9/25/22 $1 PV ON 140000.0000 SHARES DUE 10/25/2021 - - - 300.19 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3137B1BS0 INTEREST EARNED ON F H L M C MLTCL MT 2.51004% 11/25/22 $1 PV ON 360000.0000 SHARES DUE 10/25/2021 - - - 753.01 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3137B1U75 INTEREST EARNED ON F H L M C MLTCL MT 3.22404% 1/25/23 $1 PV ON 639.1700 SHARES DUE 10/25/2021 $0.00269/PV ON 304,122.23 PV DUE 10/25/21 - - - 639.17 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3137B1U75 AMORTIZED PREMIUM ON F H L M C MLTCL MT 3.22404% 1/25/23 CURRENT YEAR AMORTIZATION - - - - (153.26) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 10/25/2021 10/25/2021 3137B1U75 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 3.22404% 1/25/23 (1,037.06) 44.12 - 1,037.06 (1,060.11) - (23.05) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3137B1UG5 INTEREST EARNED ON F H L M C MLTCL MTG 2.637% 1/25/23 $1 PV ON 240000.0000 SHARES DUE 10/25/2021 - - - 527.40 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3137B3NW4 INTEREST EARNED ON F H L M C MLTCL MTG 2.778% 9/25/22 $1 PV ON 32.5000 SHARES DUE 10/25/2021 $0.00232/PV ON 14,036.81 PV DUE 10/25/21 - - - 32.50 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3137B3NW4 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.778% 9/25/22 CURRENT YEAR AMORTIZATION - - - - (11.14) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 10/25/2021 10/25/2021 3137B3NW4 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.778% 9/25/22 (1,201.08) 253.16 - 1,201.08 (1,211.72) (10.64) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3137BJQ71 INTEREST EARNED ON F H L M C MLTCL MT 2.76996% 5/25/25 $1 PV ON 175000.0000 SHARES DUE 10/25/2021 - - - 403.95 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3137BLAC2 INTEREST EARNED ON F H L M C MLTCL MT 3.284% 6/25/25 $1 PV ON 101.2600 SHARES DUE 10/25/2021 $0.00274/PV ON 37,000.00 PV DUE 10/25/21 - - - 101.26 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3137BLW87 INTEREST EARNED ON F H L M C MLTCL MTG 2.802% 1/25/25 $1 PV ON 431.3000 SHARES DUE 10/25/2021 $0.00234/PV ON 184,712.39 PV DUE 10/25/21 - - - 431.30 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3137BLW87 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.802% 1/25/25 CURRENT YEAR AMORTIZATION - - - - (197.00) - - Page 39 of 10277 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 91 CIP STAMP Portfolio Transaction Report by Account 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 10/25/2021 10/25/2021 3137BLW87 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.802% 1/25/25 (4,192.26) - - 4,192.26 (4,369.32) (177.06) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3137BYPQ7 INTEREST EARNED ON F H L M C MLTCL MT 0.44256% 4/25/24 $1 PV ON 525.8500 SHARES DUE 10/25/2021 $0.00037/PV ON 217,221.99 PV DUE 10/25/21 - - - 525.85 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3137BYPQ7 AMORTIZED PREMIUM ON F H L M C MLTCL MT 0.44256% 4/25/24 CURRENT YEAR AMORTIZATION - - - - (355.43) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 10/25/2021 10/25/2021 3137BYPQ7 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 0.44256% 4/25/24 (10,689.60) - - 10,689.60 (11,238.82) (549.22) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3137F4CY6 INTEREST EARNED ON F H L M C MLTCL MT 0.52896% 9/25/24 $1 PV ON 97.3300 SHARES DUE 10/25/2021 $0.00243/PV ON 40,000.00 PV DUE 10/25/21 - - - 97.33 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3137F4D41 INTEREST EARNED ON F H L M C MLTCL MT 0.24996% 1/25/28 $1 PV ON 105.0000 SHARES DUE 10/25/2021 $0.00300/PV ON 35,000.00 PV DUE 10/25/21 - - - 105.00 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3137FYUR5 INTEREST EARNED ON F H L M C MLTCL 0.25833% 8/26/24 $1 PV ON 49.7300 SHARES DUE 10/25/2021 $0.00021/PV ON 238,765.86 PV DUE 10/25/21 - - - 49.73 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3138EJPZ5 INTEREST EARNED ON F N M A #AL2239 3.370% 7/01/22 $1 PV ON 46320.8300 SHARES DUE 10/25/2021 PREPAYMENT PENALTY - - - 246.11 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3138EJPZ5 INTEREST EARNED ON F N M A #AL2239 3.370% 7/01/22 $1 PV ON 111.5600 SHARES DUE 10/25/2021 P & I DUE 10/25/21 - - - 111.56 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3138EJPZ5 AMORTIZED PREMIUM ON F N M A #AL2239 3.370% 7/01/22 CURRENT YEAR AMORTIZATION - - - - (40.57) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 10/25/2021 10/25/2021 3138EJPZ5 PAID DOWN PAR VALUE OF F N M A #AL2239 3.370% 7/01/22 P & I DUE 10/25/21 (36,507.90) - - 36,507.90 (36,810.57) - (302.67) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 10/25/2021 10/25/2021 3138EKXL4 PAID DOWN PAR VALUE OF F N M A #AL3382 2.330% 3/01/23 SEPTEMBER FNMA DUE 10/25/21 (384.99) - - 384.99 (384.89) - 0.10 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3138EKXL4 INTEREST EARNED ON F N M A #AL3382 2.330% 3/01/23 $1 PV ON 312.3200 SHARES DUE 10/25/2021 SEPTEMBER FNMA DUE 10/25/21 - - - 312.32 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3138EKXL4 ACCREDITED DISCOUNT ON F N M A #AL3382 2.330% 3/01/23 MARKET DISCOUNT - - - - 2.57 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3138ENQD4 INTEREST EARNED ON F N M A #AL5851 3.500% 10/01/29 $1 PV ON 69.5800 SHARES DUE 10/25/2021 P & I DUE 10/25/21 - - - 69.58 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3138ENQD4 AMORTIZED PREMIUM ON F N M A #AL5851 3.500% 10/01/29 CURRENT YEAR AMORTIZATION - - - - (39.55) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 10/25/2021 10/25/2021 3138ENQD4 PAID DOWN PAR VALUE OF F N M A #AL5851 3.500% 10/01/29 P & I DUE 10/25/21 (721.91) - - 721.91 (767.15) (45.24) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 10/25/2021 10/25/2021 3138EQRJ3 PAID DOWN PAR VALUE OF F N M A #AL7688 3.500% 11/01/30 P & I DUE 10/25/21 (1,171.79) - - 1,171.79 (1,244.84) (73.05) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3138EQRJ3 AMORTIZED PREMIUM ON F N M A #AL7688 3.500% 11/01/30 CURRENT YEAR AMORTIZATION - - - - (77.55) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3138EQRJ3 INTEREST EARNED ON F N M A #AL7688 3.500% 11/01/30 $1 PV ON 150.3400 SHARES DUE 10/25/2021 P & I DUE 10/25/21 - - - 150.34 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3138ETQP4 INTEREST EARNED ON F N M A #AL8561 3.500% 6/01/31 $1 PV ON 214.0900 SHARES DUE 10/25/2021 P & I DUE 10/25/21 - - - 214.09 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3138ETQP4 AMORTIZED PREMIUM ON F N M A #AL8561 3.500% 6/01/31 CURRENT YEAR AMORTIZATION - - - - (118.64) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 10/25/2021 10/25/2021 3138ETQP4 PAID DOWN PAR VALUE OF F N M A #AL8561 3.500% 6/01/31 P & I DUE 10/25/21 (1,860.37) - - 1,860.37 (1,990.57) (130.20) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3138LFGP7 INTEREST EARNED ON F N M A #AN2905 2.550% 10/01/28 $1 PV ON 575.2000 SHARES DUE 10/25/2021 SEPTEMBER FNMA DUE 10/25/21 - - - 575.20 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3138LFGP7 AMORTIZED PREMIUM ON F N M A #AN2905 2.550% 10/01/28 CURRENT YEAR AMORTIZATION - - - - (0.05) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 10/25/2021 10/25/2021 3138LFGP7 PAID DOWN PAR VALUE OF F N M A #AN2905 2.550% 10/01/28 SEPTEMBER FNMA DUE 10/25/21 (413.99) - - 413.99 (425.30) - (11.31) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 10/25/2021 10/25/2021 3138WEMJ5 PAID DOWN PAR VALUE OF F N M A #AS4860 2.500% 5/01/30 P & I DUE 10/25/21 (2,065.68) - - 2,065.68 (2,154.18) (88.50) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3138WEMJ5 AMORTIZED PREMIUM ON F N M A #AS4860 2.500% 5/01/30 CURRENT YEAR AMORTIZATION - - - - (75.04) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3138WEMJ5 INTEREST EARNED ON F N M A #AS4860 2.500% 5/01/30 $1 PV ON 167.2600 SHARES DUE 10/25/2021 P & I DUE 10/25/21 - - - 167.26 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3140J6FU6 AMORTIZED PREMIUM ON F N M A #BM1978 3.000% 10/01/32 CURRENT YEAR AMORTIZATION - - - - (1.18) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3140J6FU6 INTEREST EARNED ON F N M A #BM1978 3.000% 10/01/32 $1 PV ON 193.9700 SHARES DUE 10/25/2021 SEPTEMBER FNMA DUE 10/25/21 - - - 193.97 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 10/25/2021 10/25/2021 3140J6FU6 PAID DOWN PAR VALUE OF F N M A #BM1978 3.000% 10/01/32 SEPTEMBER FNMA DUE 10/25/21 (3,134.74) - - 3,134.74 (3,306.47) (171.73) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 10/25/2021 10/25/2021 3140J8ME0 PAID DOWN PAR VALUE OF F N M A #BM3956 3.000% 12/01/32 P & I DUE 10/25/21 (919.41) - - 919.41 (973.27) (53.86) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3140J8ME0 INTEREST EARNED ON F N M A #BM3956 3.000% 12/01/32 $1 PV ON 138.8600 SHARES DUE 10/25/2021 P & I DUE 10/25/21 - - - 138.86 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3140J8ME0 AMORTIZED PREMIUM ON F N M A #BM3956 3.000% 12/01/32 CURRENT YEAR AMORTIZATION - - - - (60.75) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3140JAU97 AMORTIZED PREMIUM ON F N M A #BM6007 2.596% 6/01/49 CURRENT YEAR AMORTIZATION - - - - (4.40) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3140JAU97 INTEREST EARNED ON F N M A #BM6007 2.596% 6/01/49 $1 PV ON 86.2700 SHARES DUE 10/25/2021 P & I DUE 10/25/21 - - - 86.27 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 10/25/2021 10/25/2021 3140JAU97 PAID DOWN PAR VALUE OF F N M A #BM6007 2.596% 6/01/49 P & I DUE 10/25/21 (46.16) - - 46.16 (47.90) - (1.74) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3140X4H90 INTEREST EARNED ON F N M A #FM1155 2.500% 6/01/32 $1 PV ON 260.9700 SHARES DUE 10/25/2021 SEPTEMBER FNMA DUE 10/25/21 - - - 260.97 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3140X4H90 AMORTIZED PREMIUM ON F N M A #FM1155 2.500% 6/01/32 CURRENT YEAR AMORTIZATION - - - - (1.21) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 10/25/2021 10/25/2021 3140X4H90 PAID DOWN PAR VALUE OF F N M A #FM1155 2.500% 6/01/32 SEPTEMBER FNMA DUE 10/25/21 (3,786.45) - - 3,786.45 (3,967.17) (180.72) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3140X7LS6 INTEREST EARNED ON F N M A #FM3936 2.500% 8/01/35 $1 PV ON 240.1800 SHARES DUE 10/25/2021 P & I DUE 10/25/21 - - - 240.18 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3140X7LS6 AMORTIZED PREMIUM ON F N M A #FM3936 2.500% 8/01/35 CURRENT YEAR AMORTIZATION - - - - (0.89) - - Page 40 of 10278 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 91 CIP STAMP Portfolio Transaction Report by Account 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 10/25/2021 10/25/2021 3140X7LS6 PAID DOWN PAR VALUE OF F N M A #FM3936 2.500% 8/01/35 P & I DUE 10/25/21 (3,537.11) - - 3,537.11 (3,701.05) (163.94) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 10/25/2021 10/25/2021 3140X9VK8 PAID DOWN PAR VALUE OF F N M A #FM6017 3.000% 2/01/35 P & I DUE 10/25/21 (3,312.29) - - 3,312.29 (3,522.22) (209.93) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3140X9VK8 AMORTIZED PREMIUM ON F N M A #FM6017 3.000% 2/01/35 CURRENT YEAR AMORTIZATION - - - - (177.24) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 3140X9VK8 INTEREST EARNED ON F N M A #FM6017 3.000% 2/01/35 $1 PV ON 426.9300 SHARES DUE 10/25/2021 P & I DUE 10/25/21 - - - 426.93 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 10/25/2021 10/25/2021 31418CDH4 PAID DOWN PAR VALUE OF F N M A #MA2803 2.500% 11/01/31 P & I DUE 10/25/21 (6,412.98) - - 6,412.98 (6,706.48) (293.50) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 31418CDH4 INTEREST EARNED ON F N M A #MA2803 2.500% 11/01/31 $1 PV ON 384.8600 SHARES DUE 10/25/2021 P & I DUE 10/25/21 - - - 384.86 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 31418CDH4 AMORTIZED PREMIUM ON F N M A #MA2803 2.500% 11/01/31 CURRENT YEAR AMORTIZATION - - - - (161.15) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 31418DVU3 INTEREST EARNED ON F N M A #MA4226 2.000% 12/01/30 $1 PV ON 249.8300 SHARES DUE 10/25/2021 SEPTEMBER FNMA DUE 10/25/21 - - - 249.83 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 31418DVU3 AMORTIZED PREMIUM ON F N M A #MA4226 2.000% 12/01/30 CURRENT YEAR AMORTIZATION - - - - (1.44) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 10/25/2021 10/25/2021 31418DVU3 PAID DOWN PAR VALUE OF F N M A #MA4226 2.000% 12/01/30 SEPTEMBER FNMA DUE 10/25/21 (5,101.82) - - 5,101.82 (5,294.36) (192.54) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 31418DXH0 INTEREST EARNED ON F N M A #MA4279 2.000% 3/01/36 $1 PV ON 268.4900 SHARES DUE 10/25/2021 SEPTEMBER FNMA DUE 10/25/21 - - - 268.49 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 31418DXH0 AMORTIZED PREMIUM ON F N M A #MA4279 2.000% 3/01/36 CURRENT YEAR AMORTIZATION - - - - (0.61) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 10/25/2021 10/25/2021 31418DXH0 PAID DOWN PAR VALUE OF F N M A #MA4279 2.000% 3/01/36 SEPTEMBER FNMA DUE 10/25/21 (3,554.70) - - 3,554.70 (3,672.54) (117.84) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 10/25/2021 10/25/2021 31418DYF3 PAID DOWN PAR VALUE OF F N M A #MA4309 2.000% 3/01/31 P & I DUE 10/25/21 (5,352.46) - - 5,352.46 (5,529.22) (176.76) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 31418DYF3 AMORTIZED PREMIUM ON F N M A #MA4309 2.000% 3/01/31 CURRENT YEAR AMORTIZATION - - - - (161.22) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 31418DYF3 INTEREST EARNED ON F N M A #MA4309 2.000% 3/01/31 $1 PV ON 406.8200 SHARES DUE 10/25/2021 P & I DUE 10/25/21 - - - 406.82 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 10/25/2021 10/25/2021 31846V401 PURCHASED UNITS OF FIRST AM GOVT OB FD CL D 156,135.56 1.00 - (156,135.56) 156,135.56 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/25/2021 10/25/2021 10/25/2021 31846V401 PURCHASED UNITS OF FIRST AM GOVT OB FD CL D 43,237.75 1.00 - (43,237.75) 43,237.75 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/26/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - - (7,028.18) - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/26/2021 CASH RECEIPT PRINCIPAL DUE PRIN DUE 3137FNAD2 10/25/21 - - - 181.40 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/26/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - - 7,028.18 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/26/2021 CASH RECEIPT PRINCIPAL DUE PRIN DUE 3137BVZ74 10/25/21 - - - 1,879.48 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/26/2021 CASH RECEIPT PRINCIPAL DUE PRIN DUE 3137FQ3Y7 10/25/21 - - - 405.23 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/26/2021 CASH RECEIPT PRINCIPAL DUE PRIN DUE 3137FMD66 10/25/21 - - - 9,712.30 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/26/2021 3136AQZK9 AMORTIZED PREMIUM ON F N M A GTD REMIC 2.000% 11/25/31 CURRENT YEAR AMORTIZATION - - - - (0.31) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/26/2021 3136AQZK9 INTEREST EARNED ON F N M A GTD REMIC 2.000% 11/25/31 $1 PV ON 107.1600 SHARES DUE 10/25/2021 $0.00167/PV ON 1,326.40 PV DUE 10/25/21 - - - 107.16 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/26/2021 10/25/2021 10/26/2021 3136AQZK9 PAID DOWN PAR VALUE OF F N M A GTD REMIC 2.000% 11/25/31 (1,326.40) - - 1,326.40 (1,362.02) (35.62) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/26/2021 10/21/2021 10/26/2021 3137ATRW4 SOLD PAR VALUE OF F H L M C MULTICLA 2.373% 5/25/22 /STONEX FINANCIAL INC./272,336.87 PAR VALUE AT 100.71484629 % (272,336.87) 1.01 - 274,283.66 (268,451.43) - 5,832.23 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/26/2021 10/26/2021 3137ATRW4 RECEIVED ACCRUED INTEREST ON SALE OF F H L M C MULTICLA 2.373% 5/25/22 - - - 448.79 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/26/2021 3137BVZ74 INTEREST EARNED ON F H L M C MLTCL MTG 3.045% 8/25/26 $1 PV ON 251646.2400 SHARES DUE 10/25/2021 - - - 634.14 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/26/2021 3137FMD66 INTEREST EARNED ON F H L M C MLTCL MT 2.283% 5/25/26 $1 PV ON 66221.2000 SHARES DUE 10/25/2021 - - - 396.57 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/26/2021 3137FNAD2 INTEREST EARNED ON F H L M C MLTCL MT 2.87496% 11/25/28 $1 PV ON 130546.6100 SHARES DUE 10/25/2021 - - - 285.86 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/26/2021 3137FPJF3 CASH RECEIPT PRINCIPAL DUE F H L M C MLTCL MT 2.258% 6/25/29 PRIN DUE 3137FPJF3 10/25/21 - - - 408.85 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/26/2021 3137FPJF3 INTEREST EARNED ON F H L M C MLTCL MT 2.258% 6/25/29 $1 PV ON 178459.3900 SHARES DUE 10/25/2021 - - - 335.09 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/26/2021 3137FQ3Y7 INTEREST EARNED ON F H L M C MLTCL MT 2.51196% 7/25/29 $1 PV ON 179182.5200 SHARES DUE 10/25/2021 - - - 326.34 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/26/2021 10/26/2021 10/26/2021 31846V401 PURCHASED UNITS OF FIRST AM GOVT OB FD CL D 308,159.32 1.00 - (308,159.32) 308,159.32 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/26/2021 10/25/2021 10/26/2021 31846V401 SOLD UNITS OF FIRST AM GOVT OB FD CL D (17,428.05) 1.00 - 17,428.05 (17,428.05) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/27/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - - 2,533.95 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/27/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - - (2,533.95) - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/27/2021 10/15/2021 10/27/2021 3132WSF97 PAID DOWN PAR VALUE OF F H L M C GD WA1102 1.920% 12/01/28 P & I PAYMENT (33.17) 4,513.22 - 33.17 (34.63) (1.46) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/27/2021 3132WSF97 INTEREST EARNED ON F H L M C GD WA1102 1.920% 12/01/28 $1 PV ON 39.7400 SHARES DUE 10/15/2021 P & I PAYMENT - - - 39.74 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/27/2021 3132WSF97 AMORTIZED PREMIUM ON F H L M C GD WA1102 1.920% 12/01/28 CURRENT YEAR AMORTIZATION - - - - (12.61) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/27/2021 31417YKF3 AMORTIZED PREMIUM ON F N M A #MA0293 4.500% 1/01/30 CURRENT YEAR AMORTIZATION - - - - (0.30) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/27/2021 31417YKF3 INTEREST EARNED ON F N M A #MA0293 4.500% 1/01/30 $1 PV ON 267.3700 SHARES DUE 10/25/2021 P & I PAYMENT - - - 267.37 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/27/2021 10/25/2021 10/27/2021 31417YKF3 PAID DOWN PAR VALUE OF F N M A #MA0293 4.500% 1/01/30 P & I PAYMENT (1,667.89) 89.76 - 1,667.89 (1,699.09) - (31.20) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/27/2021 31418DQ47 INTEREST EARNED ON F N M A #MA4074 2.000% 6/01/35 $1 PV ON 292.9000 SHARES DUE 10/25/2021 P & I PAYMENT - - - 292.90 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/27/2021 31418DQ47 AMORTIZED PREMIUM ON F N M A #MA4074 2.000% 6/01/35 CURRENT YEAR AMORTIZATION - - - - (0.96) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/27/2021 10/25/2021 10/27/2021 31418DQ47 PAID DOWN PAR VALUE OF F N M A #MA4074 2.000% 6/01/35 P & I PAYMENT (6,130.03) 30.57 - 6,130.03 (6,308.44) (178.41) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/27/2021 10/26/2021 10/27/2021 31846V401 SOLD UNITS OF FIRST AM GOVT OB FD CL D (17,428.05) 1.00 - 17,428.05 (17,428.05) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/27/2021 10/27/2021 10/27/2021 31846V401 PURCHASED UNITS OF FIRST AM GOVT OB FD CL D 7,003.91 1.00 - (7,003.91) 7,003.91 - - Page 41 of 10279 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 91 CIP STAMP Portfolio Transaction Report by Account 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/27/2021 3622A2GC0 AMORTIZED PREMIUM ON G N M A #783795 2.500% 3/15/28 CURRENT YEAR AMORTIZATION - - - - (23.43) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/27/2021 09/30/2021 10/01/2021 3622A2GC0 SOLD PAR VALUE OF G N M A #783795 2.500% 3/15/28 /MSNYUS33 MORGAN STANLEY NY/43,968.64 PAR VALUE AT 103.43369729 % (43,968.64) 1.03 - 45,478.39 (45,476.24) 2.15 - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/27/2021 9128285W6 PAR VALUE OF U S TREASURY I P 0.84873% 1/15/29 ADJUSTED BY 143.7500 UNITS INCREASE TO ADJUST FOR CHANGE IN CPI 143.75 - - - - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/27/2021 9128285W6 BOOK VALUE OF U S TREASURY I P 0.84873% 1/15/29 ADJUSTED BY 143.75 UNITS INCREASE TO ADJUST FOR CHANGE IN CPI - - - - - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/27/2021 9128285W6 STATE COST OF U S TREASURY I P 0.84873% 1/15/29 ADJUSTED BY 143.75 UNITS INCREASE TO ADJUST FOR CHANGE IN CPI - - - - - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/27/2021 9128285W6 FED BASIS OF U S TREASURY I P 0.84873% 1/15/29 ADJUSTED BY 143.75 UNITS INCREASE TO ADJUST FOR CHANGE IN CPI - - - - 143.75 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/28/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - - (600.01) - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/28/2021 CASH RECEIPT PRINCIPAL DUE PRIN DUE 3137AXHP1 - - - 91.22 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/28/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - - 600.01 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/28/2021 10/28/2021 10/28/2021 31846V401 PURCHASED UNITS OF FIRST AM GOVT OB FD CL D 91.22 1.00 - (91.22) 91.22 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/29/2021 10/29/2021 10/29/2021 3137FNAD2 DISTRIBUTED PAR VALUE OF F H L M C MLTCL MT 2.87496% 11/25/28 VALUED AT 0.02 (0.02) - - - (0.02) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/29/2021 10/29/2021 10/29/2021 31846V401 SOLD UNITS OF FIRST AM GOVT OB FD CL D (1,624,931.63) 1.00 - 1,624,931.63 (1,624,931.63) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/29/2021 10/29/2021 10/29/2021 912796N70 PURCHASED PAR VALUE OF U S TREASURY BILL 11/23/21 /BNP PARIBAS SECURITIES BOND/625,000 PAR VALUE AT 99.996528 % 625,000.00 1.00 - (624,978.30) 624,978.30 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 10/29/2021 10/29/2021 10/29/2021 912796N88 PURCHASED PAR VALUE OF U S TREASURY BILL 11/30/21 /J.P. MORGAN SECURITIES LLC/1,000,000 PAR VALUE AT 99.995333 % 1,000,000.00 1.00 - (999,953.33) 999,953.33 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/01/2021 10/21/2021 10/21/2021 3136A7MN9 DISTRIBU-REV PAR VALUE OF F N M A GTD REMIC 2.349% 5/25/22 VALUED AT -0.02 0.02 - - - 0.02 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/01/2021 3136A7MN9 AMORTIZED PREMIUM ON F N M A GTD REMIC 2.349% 5/25/22 CURRENT YEAR AMORTIZATION - - - - 16.15 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/01/2021 10/04/2021 3136A7MN9 RECEIVED ACCRUED INTEREST ON SALE OF F N M A GTD REMIC 2.349% 5/25/22 - - - 23.19 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/01/2021 10/04/2021 3136A7MN9 RECEIVED ACCRUED INTEREST ON SALE OF F N M A GTD REMIC 2.349% 5/25/22 - - - (25.70) - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/01/2021 10/01/2021 10/04/2021 3136A7MN9 SOLD -REV PAR VALUE OF F N M A GTD REMIC 2.349% 5/25/22 /BNYM/NATIXIS/131,271.49 PAR VALUE AT 100.46874611 % 131,271.49 1.00 - (131,886.82) 133,243.35 - 1,356.53 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/01/2021 10/01/2021 10/04/2021 3136A7MN9 SOLD PAR VALUE OF F N M A GTD REMIC 2.349% 5/25/22 /BNYM/NATIXIS/118,447.23 PAR VALUE AT 100.46874611 % (118,447.23) 1.00 - 119,002.45 (120,241.03) - (1,238.58) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/01/2021 11/01/2021 11/01/2021 31846V401 SOLD UNITS OF FIRST AM GOVT OB FD CL D (12,772.93) 1.00 - 12,772.93 (12,772.93) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/01/2021 11/01/2021 11/01/2021 31846V401 SOLD UNITS OF FIRST AM GOVT OB FD CL D (625,023.55) 1.00 - 625,023.55 (625,023.55) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/01/2021 31846V401 INTEREST EARNED ON FIRST AM GOVT OB FD CL D UNIT ON 0.0000 SHARES DUE 10/31/2021 INTEREST FROM 10/1/21 TO 10/31/21 - - - 5.92 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/01/2021 10/29/2021 11/01/2021 91282CCQ2 PURCHASED PAR VALUE OF U S TREASURY NT 0.00001% 7/31/23 /JPMSUS3X JP MORGAN SEC NY/625,000 PAR VALUE AT 100.003536 % 625,000.00 1.00 - (625,022.10) 625,022.10 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/01/2021 11/01/2021 91282CCQ2 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 0.00001% 7/31/23 - - - (1.46) - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/01/2021 91282CCQ2 INTEREST EARNED ON U S TREASURY NT 0.00001% 7/31/23 $1 PV ON 580000.0000 SHARES DUE 10/31/2021 - - - 113.96 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/02/2021 CASH RECEIPT PRINCIPAL DUE CUSIP3620ARZE4 - - - (1,892.50) - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/02/2021 CASH RECEIPT PRINCIPAL DUE CUSIP3622A2GC0 - - - (1,380.28) - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/02/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - - 115.91 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/02/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - - (115.91) - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/02/2021 11/02/2021 11/02/2021 31846V401 PURCHASED UNITS OF FIRST AM GOVT OB FD CL D 5.92 1.00 - (5.92) 5.92 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/02/2021 11/02/2021 11/02/2021 31846V401 PURCHASED UNITS OF FIRST AM GOVT OB FD CL D 0.03 1.00 - (0.03) 0.03 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/02/2021 10/15/2021 11/02/2021 3620ARZE4 PAID DOWN PAR VALUE OF G N M A #737941 3.000% 2/15/26 10/15/21 PRIN PYMT (1,892.54) - - 1,892.54 (1,943.36) - (50.82) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/02/2021 3620ARZE4 AMORTIZED PREMIUM ON G N M A #737941 3.000% 2/15/26 CURRENT YEAR AMORTIZATION - - - - (0.72) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/02/2021 10/15/2021 11/02/2021 3622A2GC0 PAID DOWN PAR VALUE OF G N M A #783795 2.500% 3/15/28 10/15/21 PRIN PYMT (1,380.27) - - 1,380.27 (1,426.98) (46.71) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/02/2021 3622A2GC0 AMORTIZED PREMIUM ON G N M A #783795 2.500% 3/15/28 CURRENT YEAR AMORTIZATION - - - - (0.62) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/02/2021 3622A2GC0 AMORTIZED PREMIUM ON G N M A #783795 2.500% 3/15/28 CURRENT YEAR AMORTIZATION - - - - (0.01) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/02/2021 11/02/2021 11/02/2021 3622A2GC0 DISTRIBUTED PAR VALUE OF G N M A #783795 2.500% 3/15/28 VALUED AT 15.60 TO REMOVE (15.00) - - - (15.50) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/03/2021 11/03/2021 11/03/2021 3137AQQE1 DISTRIBUTED PAR VALUE OF F H L M C MLTCL MTG 1.500% 5/15/27 VALUED AT 0.01 (0.01) - - - (0.01) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/03/2021 11/03/2021 11/03/2021 3137FPJF3 DISTRIBUTED PAR VALUE OF F H L M C MLTCL MT 2.258% 6/25/29 VALUED AT 0.01 (0.01) - - - (0.01) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/03/2021 11/03/2021 11/03/2021 38376WA62 DISTRIBUTED PAR VALUE OF G N M A GTD REMIC 4.000% 10/20/39 VALUED AT 0.01 (0.01) - - - (0.01) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/09/2021 CASH RECEIPT PRINCIPAL DUE TO POST AS PAYDOWN - - - (12,824.26) - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/09/2021 10/25/2021 11/09/2021 3136A7MN9 PAID DOWN PAR VALUE OF F N M A GTD REMIC 2.349% 5/25/22 (12,824.28) - - 12,824.28 (13,018.49) - (194.21) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/09/2021 11/09/2021 11/09/2021 31846V401 PURCHASED UNITS OF FIRST AM GOVT OB FD CL D 0.02 1.00 - (0.02) 0.02 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/10/2021 9128285W6 FED BASIS OF U S TREASURY I P 0.84873% 1/15/29 ADJUSTED BY 181.25 UNITS INCREASE TO ADJUST FOR CHANGE IN CPI - - - - 181.25 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/10/2021 9128285W6 STATE COST OF U S TREASURY I P 0.84873% 1/15/29 ADJUSTED BY 181.25 UNITS INCREASE TO ADJUST FOR CHANGE IN CPI - - - - - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/10/2021 9128285W6 BOOK VALUE OF U S TREASURY I P 0.84873% 1/15/29 ADJUSTED BY 181.25 UNITS INCREASE TO ADJUST FOR CHANGE IN CPI - - - - - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/10/2021 9128285W6 PAR VALUE OF U S TREASURY I P 0.84873% 1/15/29 ADJUSTED BY 181.2500 UNITS INCREASE TO ADJUST FOR CHANGE IN CPI 181.25 - - - - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/15/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - - 8,857.23 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/15/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - - (8,857.23) - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/15/2021 11/15/2021 11/15/2021 3137AYSH5 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 1.750% 12/15/42 (2,687.59) - - 2,687.59 (2,742.16) (54.57) - Page 42 of 10280 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 91 CIP STAMP Portfolio Transaction Report by Account 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/15/2021 3137AYSH5 INTEREST EARNED ON F H L M C MLTCL MTG 1.750% 12/15/42 $1 PV ON 163.7000 SHARES DUE 11/15/2021 $0.00146/PV ON 112,253.38 PV DUE 11/15/21 - - - 163.70 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/15/2021 3137AYSH5 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 1.750% 12/15/42 CURRENT YEAR AMORTIZATION - - - - (35.47) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/15/2021 3137B5A60 INTEREST EARNED ON F H L M C MLTCL MTG 2.500% 10/15/28 $1 PV ON 19.8300 SHARES DUE 11/15/2021 $0.00208/PV ON 9,517.50 PV DUE 11/15/21 - - - 19.83 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/15/2021 11/15/2021 11/15/2021 3137B5A60 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.500% 10/15/28 (288.61) - - 288.61 (285.36) - 3.25 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/15/2021 11/15/2021 11/15/2021 31846V401 PURCHASED UNITS OF FIRST AM GOVT OB FD CL D 13,108.96 1.00 - (13,108.96) 13,108.96 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/15/2021 36176XQB8 INTEREST EARNED ON G N M A #779250 3.000% 5/15/27 $1 PV ON 84.0100 SHARES DUE 11/15/2021 OCTOBER GNMA DUE 11/15/21 - - - 84.01 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/15/2021 36176XQB8 AMORTIZED PREMIUM ON G N M A #779250 3.000% 5/15/27 CURRENT YEAR AMORTIZATION - - - - (40.72) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/15/2021 11/15/2021 11/15/2021 36176XQB8 PAID DOWN PAR VALUE OF G N M A #779250 3.000% 5/15/27 OCTOBER GNMA DUE 11/15/21 (1,242.21) - - 1,242.21 (1,285.91) (43.70) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/15/2021 912828G38 INTEREST EARNED ON U S TREASURY NT 2.250% 11/15/24 $1 PV ON 760000.0000 SHARES DUE 11/15/2021 - - - 8,550.00 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/16/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - - (4,931.55) - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/16/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - - 4,931.55 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/16/2021 3130AFFX0 INTEREST EARNED ON F H L B DEB 3.250% 11/16/28 $1 PV ON 185000.0000 SHARES DUE 11/16/2021 - - - 3,006.25 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/16/2021 11/16/2021 11/16/2021 31846V401 PURCHASED UNITS OF FIRST AM GOVT OB FD CL D 1,496.35 1.00 - (1,496.35) 1,496.35 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/16/2021 11/16/2021 11/16/2021 31846V401 PURCHASED UNITS OF FIRST AM GOVT OB FD CL D 280,300.51 1.00 - (280,300.51) 280,300.51 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/16/2021 11/16/2021 11/16/2021 38375XCM4 PAID DOWN PAR VALUE OF G N M A GTD REMIC 5.000% 11/16/37 (3,584.52) - - 3,584.52 (3,644.25) - (59.73) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/16/2021 38375XCM4 AMORTIZED PREMIUM ON G N M A GTD REMIC 5.000% 11/16/37 CURRENT YEAR AMORTIZATION - - - - (3.22) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/16/2021 38375XCM4 INTEREST EARNED ON G N M A GTD REMIC 5.000% 11/16/37 $1 PV ON 40.3700 SHARES DUE 11/16/2021 $0.00417/PV ON 9,689.30 PV DUE 11/16/21 - - - 40.37 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/16/2021 38376T5Z1 AMORTIZED PREMIUM ON G N M A GTD REMIC 3.000% 1/16/39 CURRENT YEAR AMORTIZATION - - - - (8.12) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/16/2021 38376T5Z1 INTEREST EARNED ON G N M A GTD REMIC 3.000% 1/16/39 $1 PV ON 119.3500 SHARES DUE 11/16/2021 $0.00250/PV ON 47,739.19 PV DUE 11/16/21 - - - 119.35 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/16/2021 11/16/2021 11/16/2021 38376T5Z1 PAID DOWN PAR VALUE OF G N M A GTD REMIC 3.000% 1/16/39 (1,450.01) - - 1,450.01 (385.36) (12.07) 1,076.72 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/16/2021 11/16/2021 11/16/2021 38378KRS0 PAID DOWN PAR VALUE OF G N M A GTD REMIC 2.38858% 7/16/43 (267,725.56) - - 267,725.56 (258,480.66) - 9,244.90 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/16/2021 38378KRS0 INTEREST EARNED ON G N M A GTD REMIC 2.38858% 7/16/43 $1 PV ON 692.2500 SHARES DUE 11/16/2021 $0.00199/PV ON 347,780.66 PV DUE 11/16/21 - - - 692.25 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/16/2021 38378KSL4 INTEREST EARNED ON G N M A GTD REMIC 2.577% 12/16/46 $1 PV ON 914.0700 SHARES DUE 11/16/2021 $0.00215/PV ON 425,000.00 PV DUE 11/16/21 - - - 914.07 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/16/2021 38378KXW4 INTEREST EARNED ON G N M A GTD REMIC 1.705% 2/16/37 $1 PV ON 70.4200 SHARES DUE 11/16/2021 $0.00142/PV ON 49,565.55 PV DUE 11/16/21 - - - 70.42 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/16/2021 11/16/2021 11/16/2021 38378KXW4 PAID DOWN PAR VALUE OF G N M A GTD REMIC 1.705% 2/16/37 (509.13) - - 509.13 - - 509.13 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/16/2021 38378VC45 INTEREST EARNED ON G N M A GTD REMIC 2.250% 12/16/41 $1 PV ON 119.3400 SHARES DUE 11/16/2021 $0.00188/PV ON 63,645.58 PV DUE 11/16/21 - - - 119.34 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/16/2021 11/16/2021 11/16/2021 38378VC45 PAID DOWN PAR VALUE OF G N M A GTD REMIC 2.250% 12/16/41 (1,708.10) - - 1,708.10 (1,646.45) - 61.65 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/16/2021 11/16/2021 11/16/2021 38379KDN5 PAID DOWN PAR VALUE OF G N M A GTD REMIC 2.381% 9/16/55 (1,841.65) - - 1,841.65 (1,794.60) - 47.05 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/16/2021 38379KDN5 INTEREST EARNED ON G N M A GTD REMIC 2.381% 9/16/55 $1 PV ON 88.8500 SHARES DUE 11/16/2021 $0.00205/PV ON 43,252.10 PV DUE 11/16/21 - - - 88.85 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/17/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - - 79.66 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/17/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - - (79.66) - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - - (1,181.08) - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - - 1,181.08 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 11/22/2021 11/22/2021 31846V401 PURCHASED UNITS OF FIRST AM GOVT OB FD CL D 26,504.45 1.00 - (26,504.45) 26,504.45 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 11/22/2021 11/22/2021 31846V401 PURCHASED UNITS OF FIRST AM GOVT OB FD CL D 6,220.00 1.00 - (6,220.00) 6,220.00 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 11/20/2021 11/22/2021 36179MEK2 PAID DOWN PAR VALUE OF G N M A I I #MA0138 2.500% 6/20/27 P & I DUE 11/20/21 (2,461.64) - - 2,461.64 (2,500.66) - (39.02) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 36179MEK2 AMORTIZED PREMIUM ON G N M A I I #MA0138 2.500% 6/20/27 CURRENT YEAR AMORTIZATION - - - - (144.54) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 36179MEK2 INTEREST EARNED ON G N M A I I #MA0138 2.500% 6/20/27 $1 PV ON 127.0100 SHARES DUE 11/20/2021 P & I DUE 11/20/21 - - - 127.01 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 36179MU24 AMORTIZED PREMIUM ON G N M A I I #MA0601 2.500% 12/20/27 CURRENT YEAR AMORTIZATION - - - - (28.27) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 36179MU24 INTEREST EARNED ON G N M A I I #MA0601 2.500% 12/20/27 $1 PV ON 74.4300 SHARES DUE 11/20/2021 OCTOBER GNMA DUE 11/20/21 - - - 74.43 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 11/20/2021 11/22/2021 36179MU24 PAID DOWN PAR VALUE OF G N M A I I #MA0601 2.500% 12/20/27 OCTOBER GNMA DUE 11/20/21 (1,280.28) - - 1,280.28 (1,313.98) - (33.70) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 36179MZV5 INTEREST EARNED ON G N M A I I #MA0756 2.500% 2/20/28 $1 PV ON 101.8400 SHARES DUE 11/20/2021 OCTOBER GNMA DUE 11/20/21 - - - 101.84 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 36179MZV5 AMORTIZED PREMIUM ON G N M A I I #MA0756 2.500% 2/20/28 CURRENT YEAR AMORTIZATION - - - - (38.19) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 11/20/2021 11/22/2021 36179MZV5 PAID DOWN PAR VALUE OF G N M A I I #MA0756 2.500% 2/20/28 OCTOBER GNMA DUE 11/20/21 (1,545.40) - - 1,545.40 (1,586.49) - (41.09) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 36179NAJ7 AMORTIZED PREMIUM ON G N M A I I #MA0909 3.000% 4/20/28 CURRENT YEAR AMORTIZATION - - - - (26.20) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 36179NAJ7 INTEREST EARNED ON G N M A I I #MA0909 3.000% 4/20/28 $1 PV ON 61.0800 SHARES DUE 11/20/2021 OCTOBER GNMA DUE 11/20/21 - - - 61.08 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 11/20/2021 11/22/2021 36179NAJ7 PAID DOWN PAR VALUE OF G N M A I I #MA0909 3.000% 4/20/28 OCTOBER GNMA DUE 11/20/21 (684.53) - - 684.53 (709.17) - (24.64) Page 43 of 10281 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 91 CIP STAMP Portfolio Transaction Report by Account 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 36179NKP2 AMORTIZED PREMIUM ON G N M A II #MA1202 2.500% 8/20/28 CURRENT YEAR AMORTIZATION - - - - (62.55) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 36179NKP2 INTEREST EARNED ON G N M A II #MA1202 2.500% 8/20/28 $1 PV ON 160.7200 SHARES DUE 11/20/2021 OCTOBER GNMA DUE 11/20/21 - - - 160.72 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 11/20/2021 11/22/2021 36179NKP2 PAID DOWN PAR VALUE OF G N M A II #MA1202 2.500% 8/20/28 OCTOBER GNMA DUE 11/20/21 (2,688.40) - - 2,688.40 (2,767.36) (27.12) (51.84) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 36202F2H8 INTEREST EARNED ON G N M A I I #005276 3.000% 1/20/27 $1 PV ON 192.8900 SHARES DUE 11/20/2021 P & I DUE 11/20/21 - - - 192.89 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 36202F2H8 AMORTIZED PREMIUM ON G N M A I I #005276 3.000% 1/20/27 CURRENT YEAR AMORTIZATION - - - - (31.33) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 11/20/2021 11/22/2021 36202F2H8 PAID DOWN PAR VALUE OF G N M A I I #005276 3.000% 1/20/27 P & I DUE 11/20/21 (2,593.28) - - 2,593.28 (2,624.10) (14.86) (15.96) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 11/20/2021 11/22/2021 36202F3H7 PAID DOWN PAR VALUE OF G N M A I I #005300 3.000% 2/20/27 OCTOBER GNMA DUE 11/20/21 (1,756.65) - - 1,756.65 (1,808.46) - (51.81) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 36202F3H7 INTEREST EARNED ON G N M A I I #005300 3.000% 2/20/27 $1 PV ON 102.0300 SHARES DUE 11/20/2021 OCTOBER GNMA DUE 11/20/21 - - - 102.03 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 36202F3H7 AMORTIZED PREMIUM ON G N M A I I #005300 3.000% 2/20/27 CURRENT YEAR AMORTIZATION - - - - (42.46) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 11/20/2021 11/22/2021 38376TTT9 PAID DOWN PAR VALUE OF G N M A GTD REMIC 3.000% 11/20/39 (652.15) - - 652.15 (662.26) - (10.11) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 38376TTT9 AMORTIZED PREMIUM ON G N M A GTD REMIC 3.000% 11/20/39 CURRENT YEAR AMORTIZATION - - - - (5.21) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 38376TTT9 INTEREST EARNED ON G N M A GTD REMIC 3.000% 11/20/39 $1 PV ON 48.8500 SHARES DUE 11/20/2021 $0.00250/PV ON 19,541.57 PV DUE 11/20/21 - - - 48.85 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 11/20/2021 11/22/2021 38377LFC7 PAID DOWN PAR VALUE OF G N M A GTD REMIC 2.500% 12/20/39 (2,659.91) - - 2,659.91 (2,683.51) (23.60) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 38377LFC7 INTEREST EARNED ON G N M A GTD REMIC 2.500% 12/20/39 $1 PV ON 31.4100 SHARES DUE 11/20/2021 $0.00208/PV ON 15,079.04 PV DUE 11/20/21 - - - 31.41 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 38377LFC7 AMORTIZED PREMIUM ON G N M A GTD REMIC 2.500% 12/20/39 CURRENT YEAR AMORTIZATION - - - - (2.34) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 38377QKH9 AMORTIZED PREMIUM ON G N M A GTD REMIC 3.000% 8/20/40 CURRENT YEAR AMORTIZATION - - - - (2.66) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 38377QKH9 INTEREST EARNED ON G N M A GTD REMIC 3.000% 8/20/40 $1 PV ON 35.6900 SHARES DUE 11/20/2021 $0.00250/PV ON 14,275.51 PV DUE 11/20/21 - - - 35.69 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 11/20/2021 11/22/2021 38377QKH9 PAID DOWN PAR VALUE OF G N M A GTD REMIC 3.000% 8/20/40 (1,004.70) - - 1,004.70 (1,015.91) - (11.21) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 11/20/2021 11/22/2021 38377RVK8 PAID DOWN PAR VALUE OF G N M A GTD REMIC 3.000% 4/20/39 (2,883.48) - - 2,883.48 (1,426.06) - 1,457.42 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 38377RVK8 AMORTIZED PREMIUM ON G N M A GTD REMIC 3.000% 4/20/39 CURRENT YEAR AMORTIZATION - - - - (1.92) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 38377RVK8 INTEREST EARNED ON G N M A GTD REMIC 3.000% 4/20/39 $1 PV ON 97.4700 SHARES DUE 11/20/2021 $0.00250/PV ON 38,982.51 PV DUE 11/20/21 - - - 97.47 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 38377YTL4 AMORTIZED PREMIUM ON G N M A GTD REMIC 2.000% 5/20/40 CURRENT YEAR AMORTIZATION - - - - (2.21) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 38377YTL4 INTEREST EARNED ON G N M A GTD REMIC 2.000% 5/20/40 $1 PV ON 20.0700 SHARES DUE 11/20/2021 $0.00167/PV ON 12,040.08 PV DUE 11/20/21 - - - 20.07 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 11/20/2021 11/22/2021 38377YTL4 PAID DOWN PAR VALUE OF G N M A GTD REMIC 2.000% 5/20/40 (666.28) - - 666.28 (673.38) (7.10) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 11/20/2021 11/22/2021 38378AU90 PAID DOWN PAR VALUE OF G N M A GTD REMIC 3.000% 10/20/26 (3,161.11) - - 3,161.11 (3,208.79) - (47.68) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 38378AU90 INTEREST EARNED ON G N M A GTD REMIC 3.000% 10/20/26 $1 PV ON 114.0800 SHARES DUE 11/20/2021 $0.00250/PV ON 45,632.58 PV DUE 11/20/21 - - - 114.08 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 38378AU90 AMORTIZED PREMIUM ON G N M A GTD REMIC 3.000% 10/20/26 CURRENT YEAR AMORTIZATION - - - - (26.17) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 11/20/2021 11/22/2021 38378HAU0 PAID DOWN PAR VALUE OF G N M A GTD REMIC 1.500% 8/20/27 (1,554.82) - - 1,554.82 (1,574.91) (20.09) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 38378HAU0 INTEREST EARNED ON G N M A GTD REMIC 1.500% 8/20/27 $1 PV ON 57.7900 SHARES DUE 11/20/2021 $0.00125/PV ON 46,229.57 PV DUE 11/20/21 - - - 57.79 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 38378HAU0 AMORTIZED PREMIUM ON G N M A GTD REMIC 1.500% 8/20/27 CURRENT YEAR AMORTIZATION - - - - (20.60) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 38378JZD7 INTEREST EARNED ON G N M A GTD REMIC 1.500% 12/20/40 $1 PV ON 23.2800 SHARES DUE 11/20/2021 $0.00125/PV ON 18,620.24 PV DUE 11/20/21 - - - 23.28 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 11/20/2021 11/22/2021 38378JZD7 PAID DOWN PAR VALUE OF G N M A GTD REMIC 1.500% 12/20/40 (821.90) - - 821.90 (811.63) - 10.27 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 11/20/2021 11/22/2021 38378TAF7 PAID DOWN PAR VALUE OF G N M A GTD REMIC 2.500% 7/20/41 (1,746.56) - - 1,746.56 (0.01) - 1,746.55 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 38378TAF7 INTEREST EARNED ON G N M A GTD REMIC 2.500% 7/20/41 $1 PV ON 120.9500 SHARES DUE 11/20/2021 $0.00208/PV ON 58,058.34 PV DUE 11/20/21 - - - 120.95 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 38380AZ34 AMORTIZED PREMIUM ON G N M A GTD REMIC 3.000% 4/20/46 CURRENT YEAR AMORTIZATION - - - - (11.71) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 38380AZ34 INTEREST EARNED ON G N M A GTD REMIC 3.000% 4/20/46 $1 PV ON 154.6700 SHARES DUE 11/20/2021 $0.00250/PV ON 61,867.01 PV DUE 11/20/21 - - - 154.67 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/22/2021 11/20/2021 11/22/2021 38380AZ34 PAID DOWN PAR VALUE OF G N M A GTD REMIC 3.000% 4/20/46 (3,039.10) - - 3,039.10 (3,068.76) - (29.66) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/23/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - - 364.88 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/23/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - - (364.88) - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/23/2021 11/23/2021 11/23/2021 31846V401 PURCHASED UNITS OF FIRST AM GOVT OB FD CL D 625,000.00 1.00 - (625,000.00) 625,000.00 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/23/2021 912796N70 INTEREST EARNED ON U S TREASURY BILL 11/23/21 $1 PV ON 625000.0000 SHARES DUE 11/23/2021 625,000 PAR VALUE AT 100 % - - - 21.70 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/23/2021 11/23/2021 11/23/2021 912796N70 MATURED PAR VALUE OF U S TREASURY BILL 11/23/21 625,000 PAR VALUE AT 100 % (625,000.00) 1.00 - 624,978.30 (624,978.30) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - - (3,043.51) - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - - 3,043.51 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 11/25/2021 11/26/2021 3132A85Y1 PAID DOWN PAR VALUE OF F H L M C #ZS8063 2.500% 9/01/32 P & I DUE 11/25/21 (4,361.72) - - 4,361.72 (4,543.10) - (181.38) Page 44 of 10282 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 91 CIP STAMP Portfolio Transaction Report by Account 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3132A85Y1 INTEREST EARNED ON F H L M C #ZS8063 2.500% 9/01/32 $1 PV ON 351.7700 SHARES DUE 11/25/2021 P & I DUE 11/25/21 - - - 351.77 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3132A85Y1 AMORTIZED PREMIUM ON F H L M C #ZS8063 2.500% 9/01/32 CURRENT YEAR AMORTIZATION - - - - (129.73) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3132AEFC5 INTEREST EARNED ON F H L M C #ZT1963 3.500% 11/01/30 $1 PV ON 978.6200 SHARES DUE 11/25/2021 P & I DUE 11/25/21 - - - 978.62 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3132AEFC5 AMORTIZED PREMIUM ON F H L M C #ZT1963 3.500% 11/01/30 CURRENT YEAR AMORTIZATION - - - - (472.13) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 11/25/2021 11/26/2021 3132AEFC5 PAID DOWN PAR VALUE OF F H L M C #ZT1963 3.500% 11/01/30 P & I DUE 11/25/21 (8,994.90) - - 8,994.90 (9,502.55) - (507.65) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 11/25/2021 11/26/2021 3132AEFK7 PAID DOWN PAR VALUE OF F H L M C #ZT1970 3.500% 4/01/33 OCTOBER FHLMC DUE 11/25/21 (1,749.15) - - 1,749.15 (1,874.19) (125.04) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3132AEFK7 AMORTIZED PREMIUM ON F H L M C #ZT1970 3.500% 4/01/33 CURRENT YEAR AMORTIZATION - - - - (99.67) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3132AEFK7 INTEREST EARNED ON F H L M C #ZT1970 3.500% 4/01/33 $1 PV ON 190.7400 SHARES DUE 11/25/2021 OCTOBER FHLMC DUE 11/25/21 - - - 190.74 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3136A72D3 INTEREST EARNED ON F N M A GTD REMIC 2.482% 4/25/22 $1 PV ON 90.8800 SHARES DUE 11/25/2021 $0.00207/PV ON 43,937.71 PV DUE 11/25/21 - - - 90.88 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 11/25/2021 11/26/2021 3136A72D3 PAID DOWN PAR VALUE OF F N M A GTD REMIC 2.482% 4/25/22 (100.25) - - 100.25 - - 100.25 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3136A8SX9 INTEREST EARNED ON F N M A GTD REMIC 1.500% 9/25/27 $1 PV ON 43.9100 SHARES DUE 11/25/2021 $0.00125/PV ON 35,126.66 PV DUE 11/25/21 - - - 43.91 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3136A8SX9 AMORTIZED PREMIUM ON F N M A GTD REMIC 1.500% 9/25/27 CURRENT YEAR AMORTIZATION - - - - (17.12) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 11/25/2021 11/26/2021 3136A8SX9 PAID DOWN PAR VALUE OF F N M A GTD REMIC 1.500% 9/25/27 (1,132.62) - - 1,132.62 (1,148.85) (16.23) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 11/25/2021 11/26/2021 3136ABNZ2 PAID DOWN PAR VALUE OF F N M A GTD REMIC 2.000% 11/25/42 (1,588.42) - - 1,588.42 (1,615.24) (26.82) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3136ABNZ2 AMORTIZED PREMIUM ON F N M A GTD REMIC 2.000% 11/25/42 CURRENT YEAR AMORTIZATION - - - - (11.19) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3136ABNZ2 INTEREST EARNED ON F N M A GTD REMIC 2.000% 11/25/42 $1 PV ON 67.1200 SHARES DUE 11/25/2021 $0.00167/PV ON 40,269.80 PV DUE 11/25/21 - - - 67.12 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3136AC7J4 INTEREST EARNED ON F N M A GTD REMIC 2.560% 3/25/23 $1 PV ON 76.6800 SHARES DUE 11/25/2021 $0.00218/PV ON 35,154.95 PV DUE 11/25/21 - - - 76.68 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3136AC7J4 INTEREST EARNED ON F N M A GTD REMIC 2.560% 3/25/23 $1 PV ON 35154.9500 SHARES DUE 11/25/2021 PENALTY PAYMENT - - - 38.97 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 11/25/2021 11/26/2021 3136AC7J4 PAID DOWN PAR VALUE OF F N M A GTD REMIC 2.560% 3/25/23 (2,917.86) - - 2,917.86 (2,887.32) - 30.54 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 11/25/2021 11/26/2021 3136ADFF1 PAID DOWN PAR VALUE OF F N M A GTD REMIC 1.500% 4/25/23 (2,036.18) - - 2,036.18 (2,006.91) - 29.27 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3136ADFF1 INTEREST EARNED ON F N M A GTD REMIC 1.500% 4/25/23 $1 PV ON 30.4200 SHARES DUE 11/25/2021 $0.00125/PV ON 24,334.91 PV DUE 11/25/21 - - - 30.42 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3136AEY84 AMORTIZED PREMIUM ON F N M A GTD REMIC 1.750% 7/25/28 CURRENT YEAR AMORTIZATION - - - - (19.49) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3136AEY84 INTEREST EARNED ON F N M A GTD REMIC 1.750% 7/25/28 $1 PV ON 58.9900 SHARES DUE 11/25/2021 $0.00146/PV ON 40,451.61 PV DUE 11/25/21 - - - 58.99 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 11/25/2021 11/26/2021 3136AEY84 PAID DOWN PAR VALUE OF F N M A GTD REMIC 1.750% 7/25/28 (2,038.94) - - 2,038.94 (2,071.20) (32.26) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 11/25/2021 11/26/2021 3136AHAE0 PAID DOWN PAR VALUE OF F N M A GTD REMIC 2.623% 4/25/23 (29.25) - - 29.25 (29.40) - (0.15) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3136AHAE0 AMORTIZED PREMIUM ON F N M A GTD REMIC 2.623% 4/25/23 CURRENT YEAR AMORTIZATION - - - - (6.10) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3136AHAE0 INTEREST EARNED ON F N M A GTD REMIC 2.623% 4/25/23 $1 PV ON 46.0200 SHARES DUE 11/25/2021 $0.00213/PV ON 21,586.94 PV DUE 11/25/21 - - - 46.02 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 11/25/2021 11/26/2021 3137AWQG3 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 1.58303% 4/25/22 (3,758.21) - - 3,758.21 (3,766.74) - (8.53) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3137AWQG3 AMORTIZED PREMIUM ON F H L M C MLTCL MT 1.58303% 4/25/22 CURRENT YEAR AMORTIZATION - - - - (10.46) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3137AWQG3 INTEREST EARNED ON F H L M C MLTCL MT 1.58303% 4/25/22 $1 PV ON 30.9900 SHARES DUE 11/25/2021 $0.00132/PV ON 23,491.61 PV DUE 11/25/21 - - - 30.99 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3137B1BS0 INTEREST EARNED ON F H L M C MLTCL MT 2.51004% 11/25/22 $1 PV ON 753.0100 SHARES DUE 11/25/2021 $0.00209/PV ON 360,000.00 PV DUE 11/25/21 - - - 753.01 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 11/25/2021 11/26/2021 3137B1U75 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 3.22404% 1/25/23 (991.04) - - 991.04 (1,012.55) - (21.51) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3137B1U75 AMORTIZED PREMIUM ON F H L M C MLTCL MT 3.22404% 1/25/23 CURRENT YEAR AMORTIZATION - - - - (157.83) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3137B1U75 INTEREST EARNED ON F H L M C MLTCL MT 3.22404% 1/25/23 $1 PV ON 636.9900 SHARES DUE 11/25/2021 $0.00210/PV ON 303,085.17 PV DUE 11/25/21 - - - 636.99 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3137B1UG5 INTEREST EARNED ON F H L M C MLTCL MTG 2.637% 1/25/23 $1 PV ON 527.4000 SHARES DUE 11/25/2021 $0.00220/PV ON 240,000.00 PV DUE 11/25/21 - - - 527.40 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 11/25/2021 11/26/2021 3137B3NW4 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.778% 9/25/22 (1,156.41) - - 1,156.41 (1,165.71) (9.30) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3137B3NW4 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.778% 9/25/22 CURRENT YEAR AMORTIZATION - - - - (10.53) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3137B3NW4 INTEREST EARNED ON F H L M C MLTCL MTG 2.778% 9/25/22 $1 PV ON 29.7100 SHARES DUE 11/25/2021 $0.00231/PV ON 12,835.73 PV DUE 11/25/21 - - - 29.71 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3137BJQ71 INTEREST EARNED ON F H L M C MLTCL MT 2.76996% 5/25/25 $1 PV ON 403.9600 SHARES DUE 11/25/2021 $0.00231/PV ON 175,000.00 PV DUE 11/25/21 - - - 403.96 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3137BLAC2 INTEREST EARNED ON F H L M C MLTCL MT 3.284% 6/25/25 $1 PV ON 101.2600 SHARES DUE 11/25/2021 $0.00274/PV ON 37,000.00 PV DUE 11/25/21 - - - 101.26 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 11/25/2021 11/26/2021 3137BLW87 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.802% 1/25/25 (3,925.10) - - 3,925.10 (4,086.55) (161.45) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3137BLW87 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.802% 1/25/25 CURRENT YEAR AMORTIZATION - - - - (198.95) - - Page 45 of 10283 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 91 CIP STAMP Portfolio Transaction Report by Account 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3137BLW87 INTEREST EARNED ON F H L M C MLTCL MTG 2.802% 1/25/25 $1 PV ON 421.5100 SHARES DUE 11/25/2021 $0.00233/PV ON 180,520.13 PV DUE 11/25/21 - - - 421.51 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 11/25/2021 11/26/2021 3137BYPQ7 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 0.44256% 4/25/24 (231.72) - - 231.72 (243.23) (11.51) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3137BYPQ7 AMORTIZED PREMIUM ON F H L M C MLTCL MT 0.44256% 4/25/24 CURRENT YEAR AMORTIZATION - - - - (349.21) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3137BYPQ7 INTEREST EARNED ON F H L M C MLTCL MT 0.44256% 4/25/24 $1 PV ON 499.9700 SHARES DUE 11/25/2021 $0.00242/PV ON 206,532.39 PV DUE 11/25/21 - - - 499.97 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3137F4CY6 INTEREST EARNED ON F H L M C MLTCL MT 0.52896% 9/25/24 $1 PV ON 97.3300 SHARES DUE 11/25/2021 $0.00243/PV ON 40,000.00 PV DUE 11/25/21 - - - 97.33 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3137F4D41 INTEREST EARNED ON F H L M C MLTCL MT 0.24996% 1/25/28 $1 PV ON 105.0000 SHARES DUE 11/25/2021 $0.00300/PV ON 35,000.00 PV DUE 11/25/21 - - - 105.00 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3137FYUR5 INTEREST EARNED ON F H L M C MLTCL 0.25833% 8/26/24 $1 PV ON 48.4200 SHARES DUE 11/25/2021 $0.00020/PV ON 238,765.86 PV DUE 11/25/21 - - - 48.42 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3137FYUR5 AMORTIZED PREMIUM ON F H L M C MLTCL 0.25833% 8/26/24 CURRENT YEAR AMORTIZATION - - - - (3.77) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 11/25/2021 11/26/2021 3137FYUR5 PAID DOWN PAR VALUE OF F H L M C MLTCL 0.25833% 8/26/24 (23,854.26) - - 23,854.26 (23,860.47) (6.21) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 11/25/2021 11/26/2021 3138EJPZ5 PAID DOWN PAR VALUE OF F N M A #AL2239 3.370% 7/01/22 OCTOBER FNMA DUE 11/25/21 (32.20) - - 32.20 (32.44) - (0.24) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3138EJPZ5 AMORTIZED PREMIUM ON F N M A #AL2239 3.370% 7/01/22 CURRENT YEAR AMORTIZATION - - - - (8.88) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3138EJPZ5 INTEREST EARNED ON F N M A #AL2239 3.370% 7/01/22 $1 PV ON 28.4800 SHARES DUE 11/25/2021 OCTOBER FNMA DUE 11/25/21 - - - 28.48 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3138EKXL4 ACCREDITED DISCOUNT ON F N M A #AL3382 2.330% 3/01/23 MARKET DISCOUNT - - - - 2.42 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3138EKXL4 ACCREDITED DISCOUNT ON F N M A #AL3382 2.330% 3/01/23 MARKET DISCOUNT - - - - 2.62 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3138EKXL4 ACCREDITED DISCOUNT ON F N M A #AL3382 2.330% 3/01/23 MARKET DISCOUNT - - - - 2.76 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3138EKXL4 INTEREST EARNED ON F N M A #AL3382 2.330% 3/01/23 $1 PV ON 321.9600 SHARES DUE 11/25/2021 P & I DUE 11/25/21 - - - 321.96 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3138EKXL4 INTEREST EARNED ON F N M A #AL3382 2.330% 3/01/23 $1 PV ON 160054.5400 SHARES DUE 11/25/2021 11/25/21 PENALTY PYMT - - - 90.55 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 11/25/2021 11/26/2021 3138EKXL4 PAID DOWN PAR VALUE OF F N M A #AL3382 2.330% 3/01/23 P & I DUE 11/25/21 (5,874.84) - - 5,874.84 (5,873.57) - 1.27 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 11/25/2021 11/26/2021 3138ENQD4 PAID DOWN PAR VALUE OF F N M A #AL5851 3.500% 10/01/29 OCTOBER FNMA DUE 11/25/21 (631.30) - - 631.30 (669.80) (38.50) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3138ENQD4 AMORTIZED PREMIUM ON F N M A #AL5851 3.500% 10/01/29 CURRENT YEAR AMORTIZATION - - - - (38.88) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3138ENQD4 INTEREST EARNED ON F N M A #AL5851 3.500% 10/01/29 $1 PV ON 67.4700 SHARES DUE 11/25/2021 OCTOBER FNMA DUE 11/25/21 - - - 67.47 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3138EQRJ3 INTEREST EARNED ON F N M A #AL7688 3.500% 11/01/30 $1 PV ON 146.9200 SHARES DUE 11/25/2021 P & I DUE 11/25/21 - - - 146.92 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3138EQRJ3 AMORTIZED PREMIUM ON F N M A #AL7688 3.500% 11/01/30 CURRENT YEAR AMORTIZATION - - - - (76.89) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 11/25/2021 11/26/2021 3138EQRJ3 PAID DOWN PAR VALUE OF F N M A #AL7688 3.500% 11/01/30 P & I DUE 11/25/21 (1,509.37) - - 1,509.37 (1,601.16) (91.79) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 11/25/2021 11/26/2021 3138ETQP4 PAID DOWN PAR VALUE OF F N M A #AL8561 3.500% 6/01/31 OCTOBER FNMA DUE 11/25/21 (1,648.46) - - 1,648.46 (1,761.12) (112.66) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3138ETQP4 AMORTIZED PREMIUM ON F N M A #AL8561 3.500% 6/01/31 CURRENT YEAR AMORTIZATION - - - - (117.41) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3138ETQP4 INTEREST EARNED ON F N M A #AL8561 3.500% 6/01/31 $1 PV ON 208.6700 SHARES DUE 11/25/2021 OCTOBER FNMA DUE 11/25/21 - - - 208.67 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3138WEMJ5 INTEREST EARNED ON F N M A #AS4860 2.500% 5/01/30 $1 PV ON 162.9500 SHARES DUE 11/25/2021 OCTOBER FNMA DUE 11/25/21 - - - 162.95 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 11/25/2021 11/26/2021 3138WEMJ5 PAID DOWN PAR VALUE OF F N M A #AS4860 2.500% 5/01/30 OCTOBER FNMA DUE 11/25/21 (1,469.81) - - 1,469.81 (1,531.39) (61.58) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3138WEMJ5 AMORTIZED PREMIUM ON F N M A #AS4860 2.500% 5/01/30 CURRENT YEAR AMORTIZATION - - - - (74.46) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3140J8ME0 AMORTIZED PREMIUM ON F N M A #BM3956 3.000% 12/01/32 CURRENT YEAR AMORTIZATION - - - - (60.90) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3140J8ME0 INTEREST EARNED ON F N M A #BM3956 3.000% 12/01/32 $1 PV ON 136.5600 SHARES DUE 11/25/2021 P & I DUE 11/25/21 - - - 136.56 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 11/25/2021 11/26/2021 3140J8ME0 PAID DOWN PAR VALUE OF F N M A #BM3956 3.000% 12/01/32 P & I DUE 11/25/21 (1,166.29) - - 1,166.29 (1,233.32) (67.03) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 11/25/2021 11/26/2021 3140JAU97 PAID DOWN PAR VALUE OF F N M A #BM6007 2.596% 6/01/49 P & I DUE 11/25/21 (5,877.93) - - 5,877.93 (6,099.30) - (221.37) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3140JAU97 INTEREST EARNED ON F N M A #BM6007 2.596% 6/01/49 $1 PV ON 89.0400 SHARES DUE 11/25/2021 P & I DUE 11/25/21 - - - 89.04 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3140JAU97 INTEREST EARNED ON F N M A #BM6007 2.596% 6/01/49 $1 PV ON 39136.5500 SHARES DUE 11/25/2021 PAYMENT PENALTY - - - 53.23 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3140JAU97 AMORTIZED PREMIUM ON F N M A #BM6007 2.596% 6/01/49 CURRENT YEAR AMORTIZATION - - - - (4.54) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3140X9VK8 INTEREST EARNED ON F N M A #FM6017 3.000% 2/01/35 $1 PV ON 418.6500 SHARES DUE 11/25/2021 P & I DUE 11/25/21 - - - 418.65 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 3140X9VK8 AMORTIZED PREMIUM ON F N M A #FM6017 3.000% 2/01/35 CURRENT YEAR AMORTIZATION - - - - (177.46) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 11/25/2021 11/26/2021 3140X9VK8 PAID DOWN PAR VALUE OF F N M A #FM6017 3.000% 2/01/35 P & I DUE 11/25/21 (3,915.72) - - 3,915.72 (4,159.75) (244.03) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 31418CDH4 AMORTIZED PREMIUM ON F N M A #MA2803 2.500% 11/01/31 CURRENT YEAR AMORTIZATION - - - - (158.62) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 31418CDH4 INTEREST EARNED ON F N M A #MA2803 2.500% 11/01/31 $1 PV ON 371.5000 SHARES DUE 11/25/2021 P & I DUE 11/25/21 - - - 371.50 - - - Page 46 of 10284 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 91 CIP STAMP Portfolio Transaction Report by Account 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 11/25/2021 11/26/2021 31418CDH4 PAID DOWN PAR VALUE OF F N M A #MA2803 2.500% 11/01/31 P & I DUE 11/25/21 (6,186.35) - - 6,186.35 (6,463.98) (277.63) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 31418DYF3 INTEREST EARNED ON F N M A #MA4309 2.000% 3/01/31 $1 PV ON 397.9000 SHARES DUE 11/25/2021 P & I DUE 11/25/21 - - - 397.90 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 31418DYF3 AMORTIZED PREMIUM ON F N M A #MA4309 2.000% 3/01/31 CURRENT YEAR AMORTIZATION - - - - (160.80) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 11/25/2021 11/26/2021 31418DYF3 PAID DOWN PAR VALUE OF F N M A #MA4309 2.000% 3/01/31 P & I DUE 11/25/21 (6,527.73) - - 6,527.73 (6,738.91) (211.18) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 11/26/2021 11/26/2021 31846V401 PURCHASED UNITS OF FIRST AM GOVT OB FD CL D 49,404.34 1.00 - (49,404.34) 49,404.34 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 11/26/2021 11/26/2021 31846V401 PURCHASED UNITS OF FIRST AM GOVT OB FD CL D 52,334.69 1.00 - (52,334.69) 52,334.69 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 9128285W6 PAR VALUE OF U S TREASURY I P 0.84873% 1/15/29 ADJUSTED BY 183.7500 UNITS INCREASE TO ADJUST FOR CHANGE IN CPI 183.75 - - - - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 9128285W6 BOOK VALUE OF U S TREASURY I P 0.84873% 1/15/29 ADJUSTED BY 183.75 UNITS INCREASE TO ADJUST FOR CHANGE IN CPI - - - - - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 9128285W6 STATE COST OF U S TREASURY I P 0.84873% 1/15/29 ADJUSTED BY 183.75 UNITS INCREASE TO ADJUST FOR CHANGE IN CPI - - - - - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/26/2021 9128285W6 FED BASIS OF U S TREASURY I P 0.84873% 1/15/29 ADJUSTED BY 183.75 UNITS INCREASE TO ADJUST FOR CHANGE IN CPI - - - - 183.75 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/29/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - - 5,080.04 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/29/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - - (5,080.04) - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/29/2021 11/29/2021 11/29/2021 31846V401 PURCHASED UNITS OF FIRST AM GOVT OB FD CL D 90.55 1.00 - (90.55) 90.55 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/30/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - - (46.67) - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/30/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - - 46.67 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/30/2021 3132WSF97 INTEREST EARNED ON F H L M C GD WA1102 1.920% 12/01/28 $1 PV ON 39.6900 SHARES DUE 11/25/2021 11/25/21 PAYMENT - - - 39.69 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/30/2021 11/25/2021 11/30/2021 3132WSF97 PAID DOWN PAR VALUE OF F H L M C GD WA1102 1.920% 12/01/28 11/25/21 PAYMENT (33.32) - - 33.32 (34.77) (1.45) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/30/2021 3132WSF97 AMORTIZED PREMIUM ON F H L M C GD WA1102 1.920% 12/01/28 CURRENT YEAR AMORTIZATION - - - - (17.21) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/30/2021 11/30/2021 11/30/2021 31846V401 PURCHASED UNITS OF FIRST AM GOVT OB FD CL D 73.01 1.00 - (73.01) 73.01 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/30/2021 11/30/2021 11/30/2021 31846V401 PURCHASED UNITS OF FIRST AM GOVT OB FD CL D 1,000,000.00 1.00 - (1,000,000.00) 1,000,000.00 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/30/2021 912796N88 INTEREST EARNED ON U S TREASURY BILL 11/30/21 $1 PV ON 1000000.0000 SHARES DUE 11/30/2021 1,000,000 PAR VALUE AT 100 % - - - 46.67 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 11/30/2021 11/30/2021 11/30/2021 912796N88 MATURED PAR VALUE OF U S TREASURY BILL 11/30/21 1,000,000 PAR VALUE AT 100 % (1,000,000.00) 1.00 - 999,953.33 (999,953.33) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/01/2021 31846V401 INTEREST EARNED ON FIRST AM GOVT OB FD CL D UNIT ON 0.0000 SHARES DUE 11/30/2021 INTEREST FROM 11/1/21 TO 11/30/21 - - - 2.58 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/01/2021 12/01/2021 12/01/2021 31846V401 SOLD UNITS OF FIRST AM GOVT OB FD CL D (2,125,035.44) 1.00 - 2,125,035.44 (2,125,035.44) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/01/2021 11/30/2021 12/01/2021 912796K81 PURCHASED PAR VALUE OF U S TREASURY BILL 1/20/22 /MORGAN STANLEY & CO. LLC/625,000 PAR VALUE AT 99.993056 % 625,000.00 1.00 - (624,956.60) 624,956.60 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/01/2021 11/30/2021 12/01/2021 912796Q85 PURCHASED PAR VALUE OF U S TREASURY BILL 1/25/22 /JPMSUS3X JP MORGAN SEC NY/625,000 PAR VALUE AT 99.9938896 % 625,000.00 1.00 - (624,961.81) 624,961.81 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/01/2021 12/01/2021 91282CCQ2 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 0.00001% 7/31/23 - - - (58.07) - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/01/2021 11/30/2021 12/01/2021 91282CCQ2 PURCHASED PAR VALUE OF U S TREASURY NT 0.00001% 7/31/23 /MHSCUS33 MIZUHO SECS USA NY/875,000 PAR VALUE AT 100.00673829 % 875,000.00 1.00 - (875,058.96) 875,058.96 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/02/2021 12/02/2021 12/02/2021 31846V401 PURCHASED UNITS OF FIRST AM GOVT OB FD CL D 2.58 1.00 - (2.58) 2.58 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/03/2021 12/03/2021 12/03/2021 31846V401 SOLD UNITS OF FIRST AM GOVT OB FD CL D (256.52) 1.00 - 256.52 (256.52) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/03/2021 09/30/2021 10/01/2021 38378KWU9 SOLD PAR VALUE OF G N M A GTD REMIC 1.400% 10/16/41 /MORGAN STANLEY & CO. LLC/17,434.18 PAR VALUE AT 99.96484262 % (17,434.18) 1.00 - 17,428.05 (16,572.93) - 855.12 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/03/2021 09/30/2021 10/01/2021 38378KWU9 SOLD -REV PAR VALUE OF G N M A GTD REMIC 1.400% 10/16/41 /MORGAN STANLEY & CO. LLC/17,690.74 PAR VALUE AT 99.965123 % 17,690.74 1.00 - (17,684.57) 16,810.25 - (874.32) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/07/2021 10/14/2021 10/14/2021 3137AYSH5 DISTRIBUTED PAR VALUE OF F H L M C MLTCL MTG 1.750% 12/15/42 VALUED AT 128568.27 INTERNAL TRANSFER TO A/C XXXXX2002 (127,777.33) - - - (130,435.14) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/07/2021 04/08/2021 04/13/2021 3137AYSH5 RECEIVED PAR VALUE OF F H L M C MLTCL MTG 1.750% 12/15/42 MV 12648.84 ACCE FOR LONG REVERSAL OF T2T 12,472.60 - - - 12,776.02 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/07/2021 3137AYSH5 INTEREST EARNED ON F H L M C MLTCL MTG 1.750% 12/15/42 $1 PV ON 163.7000 SHARES DUE 11/15/2021 TEMP REVERSAL - - - (163.70) - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/07/2021 3137AYSH5 INTEREST EARNED ON F H L M C MLTCL MTG 1.750% 12/15/42 $1 PV ON 186.3400 SHARES DUE 10/15/2021 TEMP REVERSAL - - - (186.34) - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/07/2021 11/15/2021 11/15/2021 3137AYSH5 PAID DOWN-RV PAR VALUE OF F H L M C MLTCL MTG 1.750% 12/15/42 TEMP REVERSAL 2,687.59 - - (2,687.59) 2,742.16 54.57 - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/07/2021 10/15/2021 10/15/2021 3137AYSH5 PAID DOWN-RV PAR VALUE OF F H L M C MLTCL MTG 1.750% 12/15/42 TEMP REVERSAL 3,051.35 - - (3,051.35) 3,114.37 63.02 - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/07/2021 3137AYSH5 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 1.750% 12/15/42 CURRENT YEAR AMORTIZATION - - - - (24.59) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/07/2021 3137AYSH5 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 1.750% 12/15/42 TEMP REVERSAL - - - - 35.47 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/07/2021 3137AYSH5 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 1.750% 12/15/42 TEMP REVERSAL - - - - 1.30 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/07/2021 12/07/2021 12/07/2021 31846V401 SOLD UNITS OF FIRST AM GOVT OB FD CL D (6,088.98) 1.00 - 6,088.98 (6,088.98) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/13/2021 9128285W6 FED BASIS OF U S TREASURY I P 0.84873% 1/15/29 ADJUSTED BY 521.25 UNITS INCREASE TO ADJUST FOR CHANGE IN CPI - - - - 521.25 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/13/2021 9128285W6 STATE COST OF U S TREASURY I P 0.84873% 1/15/29 ADJUSTED BY 521.25 UNITS INCREASE TO ADJUST FOR CHANGE IN CPI - - - - - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/13/2021 9128285W6 BOOK VALUE OF U S TREASURY I P 0.84873% 1/15/29 ADJUSTED BY 521.25 UNITS INCREASE TO ADJUST FOR CHANGE IN CPI - - - - - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/13/2021 9128285W6 PAR VALUE OF U S TREASURY I P 0.84873% 1/15/29 ADJUSTED BY 521.2500 UNITS INCREASE TO ADJUST FOR CHANGE IN CPI 521.25 - - - - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/14/2021 CASH RECEIPT PRINCIPAL DUE - - - (256.61) - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/14/2021 12/14/2021 12/14/2021 31846V401 SOLD UNITS OF FIRST AM GOVT OB FD CL D (0.05) 1.00 - 0.05 (0.05) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/14/2021 11/16/2021 12/14/2021 38378KWU9 PAID DOWN PAR VALUE OF G N M A GTD REMIC 1.400% 10/16/41 (256.56) - - 256.56 (237.32) - 19.24 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/15/2021 12/15/2021 12/15/2021 3137B5A60 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.500% 10/15/28 (358.19) - - 358.19 (354.16) - 4.03 Page 47 of 10285 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 91 CIP STAMP Portfolio Transaction Report by Account 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/15/2021 3137B5A60 INTEREST EARNED ON F H L M C MLTCL MTG 2.500% 10/15/28 $1 PV ON 19.2300 SHARES DUE 12/15/2021 $0.00208/PV ON 9,228.89 PV DUE 12/15/21 - - - 19.23 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/15/2021 12/15/2021 12/15/2021 31846V401 PURCHASED UNITS OF FIRST AM GOVT OB FD CL D 1,521.59 1.00 - (1,521.59) 1,521.59 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/15/2021 12/15/2021 12/15/2021 36176XQB8 PAID DOWN PAR VALUE OF G N M A #779250 3.000% 5/15/27 NOVEMBER GNMA DUE 12/15/21 (877.66) - - 877.66 (907.53) (29.87) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/15/2021 36176XQB8 AMORTIZED PREMIUM ON G N M A #779250 3.000% 5/15/27 CURRENT YEAR AMORTIZATION - - - - (37.21) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/15/2021 36176XQB8 INTEREST EARNED ON G N M A #779250 3.000% 5/15/27 $1 PV ON 80.9100 SHARES DUE 12/15/2021 NOVEMBER GNMA DUE 12/15/21 - - - 80.91 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/15/2021 91282CBA8 INTEREST EARNED ON U S TREASURY NT 0.125% 12/15/23 $1 PV ON 180000.0000 SHARES DUE 12/15/2021 - - - 112.50 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/16/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - - 1,371.20 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/16/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - - (1,371.20) - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/16/2021 12/16/2021 12/16/2021 31846V401 PURCHASED UNITS OF FIRST AM GOVT OB FD CL D 15,465.39 1.00 - (15,465.39) 15,465.39 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/16/2021 12/16/2021 12/16/2021 31846V401 SOLD UNITS OF FIRST AM GOVT OB FD CL D (73.10) 1.00 - 73.10 (73.10) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/16/2021 38375XCM4 INTEREST EARNED ON G N M A GTD REMIC 5.000% 11/16/37 $1 PV ON 25.4400 SHARES DUE 12/16/2021 $0.00417/PV ON 6,104.78 PV DUE 12/16/21 - - - 25.44 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/16/2021 12/16/2021 12/16/2021 38375XCM4 PAID DOWN PAR VALUE OF G N M A GTD REMIC 5.000% 11/16/37 (1,936.03) - - 1,936.03 (1,967.69) - (31.66) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/16/2021 38375XCM4 AMORTIZED PREMIUM ON G N M A GTD REMIC 5.000% 11/16/37 CURRENT YEAR AMORTIZATION - - - - (1.89) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/16/2021 12/16/2021 12/16/2021 38376T5Z1 PAID DOWN PAR VALUE OF G N M A GTD REMIC 3.000% 1/16/39 (1,376.96) - - 1,376.96 (373.86) (11.49) 1,014.59 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/16/2021 38376T5Z1 AMORTIZED PREMIUM ON G N M A GTD REMIC 3.000% 1/16/39 CURRENT YEAR AMORTIZATION - - - - (7.33) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/16/2021 38376T5Z1 INTEREST EARNED ON G N M A GTD REMIC 3.000% 1/16/39 $1 PV ON 115.7200 SHARES DUE 12/16/2021 $0.00250/PV ON 46,289.18 PV DUE 12/16/21 - - - 115.72 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/16/2021 38378KRS0 INTEREST EARNED ON G N M A GTD REMIC 2.38858% 7/16/43 $1 PV ON 159.3500 SHARES DUE 12/16/2021 $0.00199/PV ON 80,055.10 PV DUE 12/16/21 - - - 159.35 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/16/2021 12/16/2021 12/16/2021 38378KRS0 PAID DOWN PAR VALUE OF G N M A GTD REMIC 2.38858% 7/16/43 (6,963.71) - - 6,963.71 (6,723.24) - 240.47 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/16/2021 38378KSL4 INTEREST EARNED ON G N M A GTD REMIC 2.577% 12/16/46 $1 PV ON 912.5400 SHARES DUE 12/16/2021 $0.00215/PV ON 425,000.00 PV DUE 12/16/21 - - - 912.54 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/16/2021 12/16/2021 12/16/2021 38378KXW4 PAID DOWN PAR VALUE OF G N M A GTD REMIC 1.705% 2/16/37 (510.33) - - 510.33 - - 510.33 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/16/2021 38378KXW4 INTEREST EARNED ON G N M A GTD REMIC 1.705% 2/16/37 $1 PV ON 69.7000 SHARES DUE 12/16/2021 $0.00142/PV ON 49,056.42 PV DUE 12/16/21 - - - 69.70 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/16/2021 12/16/2021 12/16/2021 38378VC45 PAID DOWN PAR VALUE OF G N M A GTD REMIC 2.250% 12/16/41 (3,115.03) - - 3,115.03 (3,002.60) - 112.43 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/16/2021 38378VC45 INTEREST EARNED ON G N M A GTD REMIC 2.250% 12/16/41 $1 PV ON 116.1300 SHARES DUE 12/16/2021 $0.00188/PV ON 61,937.48 PV DUE 12/16/21 - - - 116.13 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/16/2021 38379KDN5 INTEREST EARNED ON G N M A GTD REMIC 2.381% 9/16/55 $1 PV ON 85.8900 SHARES DUE 12/16/2021 $0.00207/PV ON 41,410.45 PV DUE 12/16/21 - - - 85.89 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/16/2021 12/16/2021 12/16/2021 38379KDN5 PAID DOWN PAR VALUE OF G N M A GTD REMIC 2.381% 9/16/55 (78.56) - - 78.56 (76.55) - 2.01 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - - (857.89) - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - - 857.89 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 12/20/2021 12/20/2021 31846V401 PURCHASED UNITS OF FIRST AM GOVT OB FD CL D 8,879.59 1.00 - (8,879.59) 8,879.59 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 12/20/2021 12/20/2021 31846V401 PURCHASED UNITS OF FIRST AM GOVT OB FD CL D 22,544.26 1.00 - (22,544.26) 22,544.26 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 36179MEK2 INTEREST EARNED ON G N M A I I #MA0138 2.500% 6/20/27 $1 PV ON 121.8800 SHARES DUE 12/20/2021 P & I DUE 12/20/21 - - - 121.88 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 12/20/2021 12/20/2021 36179MEK2 PAID DOWN PAR VALUE OF G N M A I I #MA0138 2.500% 6/20/27 P & I DUE 12/20/21 (1,918.01) - - 1,918.01 (1,944.09) - (26.08) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 36179MEK2 AMORTIZED PREMIUM ON G N M A I I #MA0138 2.500% 6/20/27 CURRENT YEAR AMORTIZATION - - - - (131.71) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 12/20/2021 12/20/2021 36179MU24 PAID DOWN PAR VALUE OF G N M A I I #MA0601 2.500% 12/20/27 P & I DUE 12/20/21 (1,062.97) - - 1,062.97 (1,090.15) - (27.18) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 36179MU24 AMORTIZED PREMIUM ON G N M A I I #MA0601 2.500% 12/20/27 CURRENT YEAR AMORTIZATION - - - - (25.95) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 36179MU24 INTEREST EARNED ON G N M A I I #MA0601 2.500% 12/20/27 $1 PV ON 71.7700 SHARES DUE 12/20/2021 P & I DUE 12/20/21 - - - 71.77 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 12/20/2021 12/20/2021 36179MZV5 PAID DOWN PAR VALUE OF G N M A I I #MA0756 2.500% 2/20/28 NOVEMBER GNMA DUE 12/20/21 (1,558.08) - - 1,558.08 (1,598.35) - (40.27) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 36179MZV5 AMORTIZED PREMIUM ON G N M A I I #MA0756 2.500% 2/20/28 CURRENT YEAR AMORTIZATION - - - - (35.18) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 36179MZV5 INTEREST EARNED ON G N M A I I #MA0756 2.500% 2/20/28 $1 PV ON 98.6200 SHARES DUE 12/20/2021 NOVEMBER GNMA DUE 12/20/21 - - - 98.62 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 12/20/2021 12/20/2021 36179NAJ7 PAID DOWN PAR VALUE OF G N M A I I #MA0909 3.000% 4/20/28 NOVEMBER GNMA DUE 12/20/21 (749.39) - - 749.39 (775.60) - (26.21) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 36179NAJ7 AMORTIZED PREMIUM ON G N M A I I #MA0909 3.000% 4/20/28 CURRENT YEAR AMORTIZATION - - - - (24.20) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 36179NAJ7 INTEREST EARNED ON G N M A I I #MA0909 3.000% 4/20/28 $1 PV ON 59.3700 SHARES DUE 12/20/2021 NOVEMBER GNMA DUE 12/20/21 - - - 59.37 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 12/20/2021 12/20/2021 36179NKP2 PAID DOWN PAR VALUE OF G N M A II #MA1202 2.500% 8/20/28 P & I DUE 12/20/21 (1,541.64) - - 1,541.64 (1,585.73) (15.14) (28.95) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 36179NKP2 AMORTIZED PREMIUM ON G N M A II #MA1202 2.500% 8/20/28 CURRENT YEAR AMORTIZATION - - - - (57.49) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 36179NKP2 INTEREST EARNED ON G N M A II #MA1202 2.500% 8/20/28 $1 PV ON 155.1300 SHARES DUE 12/20/2021 P & I DUE 12/20/21 - - - 155.13 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 12/20/2021 12/20/2021 36202F2H8 PAID DOWN PAR VALUE OF G N M A I I #005276 3.000% 1/20/27 P & I DUE 12/20/21 (2,989.99) - - 2,989.99 (3,024.38) (16.55) (17.84) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 36202F2H8 AMORTIZED PREMIUM ON G N M A I I #005276 3.000% 1/20/27 CURRENT YEAR AMORTIZATION - - - - (28.66) - - Page 48 of 10286 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 91 CIP STAMP Portfolio Transaction Report by Account 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 36202F2H8 INTEREST EARNED ON G N M A I I #005276 3.000% 1/20/27 $1 PV ON 186.4100 SHARES DUE 12/20/2021 P & I DUE 12/20/21 - - - 186.41 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 36202F3H7 INTEREST EARNED ON G N M A I I #005300 3.000% 2/20/27 $1 PV ON 97.6300 SHARES DUE 12/20/2021 NOVEMBER GNMA DUE 12/20/21 - - - 97.63 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 12/20/2021 12/20/2021 36202F3H7 PAID DOWN PAR VALUE OF G N M A I I #005300 3.000% 2/20/27 NOVEMBER GNMA DUE 12/20/21 (1,478.92) - - 1,478.92 (1,521.08) - (42.16) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 36202F3H7 AMORTIZED PREMIUM ON G N M A I I #005300 3.000% 2/20/27 CURRENT YEAR AMORTIZATION - - - - (38.52) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 38376TTT9 INTEREST EARNED ON G N M A GTD REMIC 3.000% 11/20/39 $1 PV ON 47.2200 SHARES DUE 12/20/2021 $0.00250/PV ON 18,889.42 PV DUE 12/20/21 - - - 47.22 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 12/20/2021 12/20/2021 38376TTT9 PAID DOWN PAR VALUE OF G N M A GTD REMIC 3.000% 11/20/39 (635.47) - - 635.47 (645.16) - (9.69) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 38376TTT9 AMORTIZED PREMIUM ON G N M A GTD REMIC 3.000% 11/20/39 CURRENT YEAR AMORTIZATION - - - - (4.78) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 38377LFC7 INTEREST EARNED ON G N M A GTD REMIC 2.500% 12/20/39 $1 PV ON 25.8700 SHARES DUE 12/20/2021 $0.00208/PV ON 12,419.13 PV DUE 12/20/21 - - - 25.87 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 12/20/2021 12/20/2021 38377LFC7 PAID DOWN PAR VALUE OF G N M A GTD REMIC 2.500% 12/20/39 (3,260.77) - - 3,260.77 (3,289.22) (28.45) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 38377LFC7 AMORTIZED PREMIUM ON G N M A GTD REMIC 2.500% 12/20/39 CURRENT YEAR AMORTIZATION - - - - (1.83) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 12/20/2021 12/20/2021 38377QKH9 PAID DOWN PAR VALUE OF G N M A GTD REMIC 3.000% 8/20/40 (833.56) - - 833.56 (842.71) - (9.15) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 38377QKH9 AMORTIZED PREMIUM ON G N M A GTD REMIC 3.000% 8/20/40 CURRENT YEAR AMORTIZATION - - - - (2.35) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 38377QKH9 INTEREST EARNED ON G N M A GTD REMIC 3.000% 8/20/40 $1 PV ON 33.1800 SHARES DUE 12/20/2021 $0.00250/PV ON 13,270.81 PV DUE 12/20/21 - - - 33.18 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 38377RVK8 INTEREST EARNED ON G N M A GTD REMIC 3.000% 4/20/39 $1 PV ON 90.2500 SHARES DUE 12/20/2021 $0.00250/PV ON 36,099.03 PV DUE 12/20/21 - - - 90.25 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 12/20/2021 12/20/2021 38377RVK8 PAID DOWN PAR VALUE OF G N M A GTD REMIC 3.000% 4/20/39 (2,316.91) - - 2,316.91 (1,145.75) - 1,171.16 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 38377RVK8 AMORTIZED PREMIUM ON G N M A GTD REMIC 3.000% 4/20/39 CURRENT YEAR AMORTIZATION - - - - (1.68) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 12/20/2021 12/20/2021 38377YTL4 PAID DOWN PAR VALUE OF G N M A GTD REMIC 2.000% 5/20/40 (589.81) - - 589.81 (595.99) - (6.18) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 38377YTL4 AMORTIZED PREMIUM ON G N M A GTD REMIC 2.000% 5/20/40 CURRENT YEAR AMORTIZATION - - - - (1.98) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 38377YTL4 INTEREST EARNED ON G N M A GTD REMIC 2.000% 5/20/40 $1 PV ON 18.9600 SHARES DUE 12/20/2021 $0.00167/PV ON 11,373.80 PV DUE 12/20/21 - - - 18.96 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 38378AU90 INTEREST EARNED ON G N M A GTD REMIC 3.000% 10/20/26 $1 PV ON 106.1800 SHARES DUE 12/20/2021 $0.00250/PV ON 42,471.47 PV DUE 12/20/21 - - - 106.18 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 12/20/2021 12/20/2021 38378AU90 PAID DOWN PAR VALUE OF G N M A GTD REMIC 3.000% 10/20/26 (3,395.23) - - 3,395.23 (3,444.60) - (49.37) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 38378AU90 AMORTIZED PREMIUM ON G N M A GTD REMIC 3.000% 10/20/26 CURRENT YEAR AMORTIZATION - - - - (23.00) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 38378HAU0 INTEREST EARNED ON G N M A GTD REMIC 1.500% 8/20/27 $1 PV ON 55.8500 SHARES DUE 12/20/2021 $0.00125/PV ON 44,674.75 PV DUE 12/20/21 - - - 55.85 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 12/20/2021 12/20/2021 38378HAU0 PAID DOWN PAR VALUE OF G N M A GTD REMIC 1.500% 8/20/27 (1,860.04) - - 1,860.04 (1,883.29) (23.25) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 38378HAU0 AMORTIZED PREMIUM ON G N M A GTD REMIC 1.500% 8/20/27 CURRENT YEAR AMORTIZATION - - - - (18.83) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 12/20/2021 12/20/2021 38378JZD7 PAID DOWN PAR VALUE OF G N M A GTD REMIC 1.500% 12/20/40 (809.54) - - 809.54 (799.42) - 10.12 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 38378JZD7 INTEREST EARNED ON G N M A GTD REMIC 1.500% 12/20/40 $1 PV ON 22.2500 SHARES DUE 12/20/2021 $0.00125/PV ON 17,798.34 PV DUE 12/20/21 - - - 22.25 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 38378TAF7 INTEREST EARNED ON G N M A GTD REMIC 2.500% 7/20/41 $1 PV ON 117.3200 SHARES DUE 12/20/2021 $0.00208/PV ON 56,311.78 PV DUE 12/20/21 - - - 117.32 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 12/20/2021 12/20/2021 38378TAF7 PAID DOWN PAR VALUE OF G N M A GTD REMIC 2.500% 7/20/41 (1,720.13) - - 1,720.13 (0.01) - 1,720.12 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 12/20/2021 12/20/2021 38380AZ34 PAID DOWN PAR VALUE OF G N M A GTD REMIC 3.000% 4/20/46 (3,248.43) - - 3,248.43 (3,279.57) - (31.14) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 38380AZ34 AMORTIZED PREMIUM ON G N M A GTD REMIC 3.000% 4/20/46 CURRENT YEAR AMORTIZATION - - - - (10.06) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/20/2021 38380AZ34 INTEREST EARNED ON G N M A GTD REMIC 3.000% 4/20/46 $1 PV ON 147.0700 SHARES DUE 12/20/2021 $0.00250/PV ON 58,827.91 PV DUE 12/20/21 - - - 147.07 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/21/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - - 557.44 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/21/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - - (557.44) - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/23/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - - (106.02) - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/23/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - - 106.02 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/23/2021 3132WSF97 AMORTIZED PREMIUM ON F H L M C GD WA1102 1.920% 12/01/28 CURRENT YEAR AMORTIZATION - - - - (11.74) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/23/2021 12/20/2021 12/23/2021 3132WSF97 SOLD PAR VALUE OF F H L M C GD WA1102 1.920% 12/01/28 /MITSUBISHI UFJ SECURITIES (USA/24,736.43 PAR VALUE AT 102.06249426 % (24,736.43) 1.02 - 25,246.62 (25,797.85) (551.23) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/23/2021 12/23/2021 3132WSF97 RECEIVED ACCRUED INTEREST ON SALE OF F H L M C GD WA1102 1.920% 12/01/28 - - - 29.02 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/23/2021 12/23/2021 3137F4D41 RECEIVED ACCRUED INTEREST ON SALE OF F H L M C MLTCL MT 0.24996% 1/25/28 - - - 77.00 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/23/2021 3137F4D41 AMORTIZED PREMIUM ON F H L M C MLTCL MT 0.24996% 1/25/28 CURRENT YEAR AMORTIZATION - - - - (189.71) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/23/2021 12/20/2021 12/23/2021 3137F4D41 SOLD PAR VALUE OF F H L M C MLTCL MT 0.24996% 1/25/28 /GOLDUS33 GOLDMAN SACHS NY/35,000 PAR VALUE AT 112.07811429 % (35,000.00) 1.12 - 39,227.34 (36,525.13) - 2,702.21 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/23/2021 12/23/2021 12/23/2021 31846V401 PURCHASED UNITS OF FIRST AM GOVT OB FD CL D 64,579.98 1.00 - (64,579.98) 64,579.98 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - - 5,272.19 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - - (5,272.19) - - - Page 49 of 10287 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 91 CIP STAMP Portfolio Transaction Report by Account 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 12/25/2021 12/27/2021 3132AEFC5 PAID DOWN PAR VALUE OF F H L M C #ZT1963 3.500% 11/01/30 NOVEMBER FHLMC DUE 12/25/21 (8,061.12) - - 8,061.12 (8,505.28) - (444.16) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 3132AEFC5 AMORTIZED PREMIUM ON F H L M C #ZT1963 3.500% 11/01/30 CURRENT YEAR AMORTIZATION - - - - (436.87) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 3132AEFC5 INTEREST EARNED ON F H L M C #ZT1963 3.500% 11/01/30 $1 PV ON 952.3800 SHARES DUE 12/25/2021 NOVEMBER FHLMC DUE 12/25/21 - - - 952.38 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 3132AEFK7 INTEREST EARNED ON F H L M C #ZT1970 3.500% 4/01/33 $1 PV ON 185.6400 SHARES DUE 12/25/2021 NOVEMBER FHLMC DUE 12/25/21 - - - 185.64 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 3132AEFK7 AMORTIZED PREMIUM ON F H L M C #ZT1970 3.500% 4/01/33 CURRENT YEAR AMORTIZATION - - - - (92.41) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 12/25/2021 12/27/2021 3132AEFK7 PAID DOWN PAR VALUE OF F H L M C #ZT1970 3.500% 4/01/33 NOVEMBER FHLMC DUE 12/25/21 (1,970.16) - - 1,970.16 (2,108.14) (137.98) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 12/25/2021 12/27/2021 3136A72D3 PAID DOWN PAR VALUE OF F N M A GTD REMIC 2.482% 4/25/22 (2,590.48) - - 2,590.48 (0.01) - 2,590.47 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 3136A72D3 INTEREST EARNED ON F N M A GTD REMIC 2.482% 4/25/22 $1 PV ON 90.6700 SHARES DUE 12/25/2021 $0.00207/PV ON 43,837.46 PV DUE 12/25/21 - - - 90.67 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 12/25/2021 12/27/2021 3136A8SX9 PAID DOWN PAR VALUE OF F N M A GTD REMIC 1.500% 9/25/27 (1,113.16) - - 1,113.16 (1,128.60) (15.44) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 3136A8SX9 AMORTIZED PREMIUM ON F N M A GTD REMIC 1.500% 9/25/27 CURRENT YEAR AMORTIZATION - - - - (15.64) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 3136A8SX9 INTEREST EARNED ON F N M A GTD REMIC 1.500% 9/25/27 $1 PV ON 42.4900 SHARES DUE 12/25/2021 $0.00125/PV ON 33,994.04 PV DUE 12/25/21 - - - 42.49 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 3136ABNZ2 INTEREST EARNED ON F N M A GTD REMIC 2.000% 11/25/42 $1 PV ON 64.4700 SHARES DUE 12/25/2021 $0.00167/PV ON 38,681.38 PV DUE 12/25/21 - - - 64.47 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 12/25/2021 12/27/2021 3136ABNZ2 PAID DOWN PAR VALUE OF F N M A GTD REMIC 2.000% 11/25/42 (1,538.65) - - 1,538.65 (1,564.21) (25.56) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 3136ABNZ2 AMORTIZED PREMIUM ON F N M A GTD REMIC 2.000% 11/25/42 CURRENT YEAR AMORTIZATION - - - - (10.63) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 12/25/2021 12/27/2021 3136AC7J4 PAID DOWN PAR VALUE OF F N M A GTD REMIC 2.560% 3/25/23 (2,472.86) - - 2,472.86 (2,446.98) - 25.88 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 3136AC7J4 INTEREST EARNED ON F N M A GTD REMIC 2.560% 3/25/23 $1 PV ON 32237.0900 SHARES DUE 12/25/2021 PENALTY PAYMENT - - - 27.40 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 3136AC7J4 INTEREST EARNED ON F N M A GTD REMIC 2.560% 3/25/23 $1 PV ON 68.3600 SHARES DUE 12/25/2021 $0.00212/PV ON 32,237.09 PV DUE 12/25/21 - - - 68.36 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 3136ADFF1 INTEREST EARNED ON F N M A GTD REMIC 1.500% 4/25/23 $1 PV ON 27.8700 SHARES DUE 12/25/2021 $0.00125/PV ON 22,298.73 PV DUE 12/25/21 - - - 27.87 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 12/25/2021 12/27/2021 3136ADFF1 PAID DOWN PAR VALUE OF F N M A GTD REMIC 1.500% 4/25/23 (2,380.64) - - 2,380.64 (2,346.42) - 34.22 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 12/25/2021 12/27/2021 3136AEY84 PAID DOWN PAR VALUE OF F N M A GTD REMIC 1.750% 7/25/28 (1,089.79) - - 1,089.79 (1,106.54) (16.75) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 3136AEY84 AMORTIZED PREMIUM ON F N M A GTD REMIC 1.750% 7/25/28 CURRENT YEAR AMORTIZATION - - - - (17.50) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 3136AEY84 INTEREST EARNED ON F N M A GTD REMIC 1.750% 7/25/28 $1 PV ON 56.0200 SHARES DUE 12/25/2021 $0.00146/PV ON 38,412.67 PV DUE 12/25/21 - - - 56.02 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 3136AHAE0 INTEREST EARNED ON F N M A GTD REMIC 2.623% 4/25/23 $1 PV ON 44.5700 SHARES DUE 12/25/2021 $0.00207/PV ON 21,557.69 PV DUE 12/25/21 - - - 44.57 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 12/25/2021 12/27/2021 3136AHAE0 PAID DOWN PAR VALUE OF F N M A GTD REMIC 2.623% 4/25/23 (30.63) - - 30.63 (30.78) - (0.15) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 3136AHAE0 AMORTIZED PREMIUM ON F N M A GTD REMIC 2.623% 4/25/23 CURRENT YEAR AMORTIZATION - - - - (5.90) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 3137AWQG3 INTEREST EARNED ON F H L M C MLTCL MT 1.58303% 4/25/22 $1 PV ON 26.0300 SHARES DUE 12/25/2021 $0.00132/PV ON 19,733.40 PV DUE 12/25/21 - - - 26.03 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 3137AWQG3 AMORTIZED PREMIUM ON F H L M C MLTCL MT 1.58303% 4/25/22 CURRENT YEAR AMORTIZATION - - - - (8.51) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 12/25/2021 12/27/2021 3137AWQG3 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 1.58303% 4/25/22 (3,959.19) - - 3,959.19 (3,966.47) - (7.28) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 3137B1BS0 INTEREST EARNED ON F H L M C MLTCL MT 2.51004% 11/25/22 $1 PV ON 360000.0000 SHARES DUE 12/25/2021 - - - 753.00 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 3137B1U75 INTEREST EARNED ON F H L M C MLTCL MT 3.22404% 1/25/23 $1 PV ON 634.9000 SHARES DUE 12/25/2021 $0.00210/PV ON 302,094.13 PV DUE 12/25/21 - - - 634.90 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 12/25/2021 12/27/2021 3137B1U75 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 3.22404% 1/25/23 (1,044.18) - - 1,044.18 (1,066.32) - (22.14) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 3137B1U75 AMORTIZED PREMIUM ON F H L M C MLTCL MT 3.22404% 1/25/23 CURRENT YEAR AMORTIZATION - - - - (152.24) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 3137B1UG5 INTEREST EARNED ON F H L M C MLTCL MTG 2.637% 1/25/23 $1 PV ON 527.4000 SHARES DUE 12/25/2021 $0.00220/PV ON 240,000.00 PV DUE 12/25/21 - - - 527.40 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 3137B3NW4 INTEREST EARNED ON F H L M C MLTCL MTG 2.778% 9/25/22 $1 PV ON 27.0400 SHARES DUE 12/25/2021 $0.00231/PV ON 11,679.32 PV DUE 12/25/21 - - - 27.04 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 12/25/2021 12/27/2021 3137B3NW4 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.778% 9/25/22 (1,208.50) - - 1,208.50 (1,217.26) (8.76) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 3137B3NW4 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.778% 9/25/22 CURRENT YEAR AMORTIZATION - - - - (9.27) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 3137BJQ71 INTEREST EARNED ON F H L M C MLTCL MT 2.76996% 5/25/25 $1 PV ON 403.9600 SHARES DUE 12/25/2021 $0.00231/PV ON 175,000.00 PV DUE 12/25/21 - - - 403.96 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 3137BLAC2 INTEREST EARNED ON F H L M C MLTCL MT 3.284% 6/25/25 $1 PV ON 37000.0000 SHARES DUE 12/25/2021 - - - 101.26 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 3137BLW87 INTEREST EARNED ON F H L M C MLTCL MTG 2.802% 1/25/25 $1 PV ON 412.3500 SHARES DUE 12/25/2021 $0.00234/PV ON 176,595.03 PV DUE 12/25/21 - - - 412.35 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 12/25/2021 12/27/2021 3137BLW87 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.802% 1/25/25 (4,219.31) - - 4,219.31 (4,388.36) (169.05) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 3137BLW87 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.802% 1/25/25 CURRENT YEAR AMORTIZATION - - - - (188.34) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 3137BYPQ7 INTEREST EARNED ON F H L M C MLTCL MT 0.44256% 4/25/24 $1 PV ON 499.4200 SHARES DUE 12/25/2021 $0.00242/PV ON 206,300.67 PV DUE 12/25/21 - - - 499.42 - - - Page 50 of 10288 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 91 CIP STAMP Portfolio Transaction Report by Account 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 12/25/2021 12/27/2021 3137BYPQ7 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 0.44256% 4/25/24 (251.17) - - 251.17 (263.24) - (12.07) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 3137BYPQ7 AMORTIZED PREMIUM ON F H L M C MLTCL MT 0.44256% 4/25/24 CURRENT YEAR AMORTIZATION - - - - (337.56) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 3137F4CY6 INTEREST EARNED ON F H L M C MLTCL MT 0.52896% 9/25/24 $1 PV ON 97.3300 SHARES DUE 12/25/2021 $0.00243/PV ON 40,000.00 PV DUE 12/25/21 - - - 97.33 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 3137F4D41 INTEREST EARNED ON F H L M C MLTCL MT 0.24996% 1/25/28 $1 PV ON 105.0000 SHARES DUE 12/25/2021 $0.00300/PV ON 0.00 PV DUE 12/25/21 - - - 105.00 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 12/25/2021 12/27/2021 3137FYUR5 PAID DOWN PAR VALUE OF F H L M C MLTCL 0.25833% 8/26/24 (42,575.78) - - 42,575.78 (42,586.53) (10.75) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 3137FYUR5 AMORTIZED PREMIUM ON F H L M C MLTCL 0.25833% 8/26/24 CURRENT YEAR AMORTIZATION - - - - (1.67) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 3137FYUR5 INTEREST EARNED ON F H L M C MLTCL 0.25833% 8/26/24 $1 PV ON 43.4000 SHARES DUE 12/25/2021 $0.00020/PV ON 214,911.60 PV DUE 12/25/21 - - - 43.40 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 3138EJPZ5 INTEREST EARNED ON F N M A #AL2239 3.370% 7/01/22 $1 PV ON 27.4700 SHARES DUE 12/25/2021 NOVEMBER FNMA DUE 12/25/21 - - - 27.47 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 3138EJPZ5 AMORTIZED PREMIUM ON F N M A #AL2239 3.370% 7/01/22 CURRENT YEAR AMORTIZATION - - - - (8.56) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 12/25/2021 12/27/2021 3138EJPZ5 PAID DOWN PAR VALUE OF F N M A #AL2239 3.370% 7/01/22 NOVEMBER FNMA DUE 12/25/21 (33.76) - - 33.76 (33.98) - (0.22) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 12/25/2021 12/27/2021 3138EKXL4 PAID DOWN PAR VALUE OF F N M A #AL3382 2.330% 3/01/23 NOVEMBER FNMA DUE 12/25/21 (373.96) - - 373.96 (373.89) - 0.07 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 3138EKXL4 ACCREDITED DISCOUNT ON F N M A #AL3382 2.330% 3/01/23 MARKET DISCOUNT - - - - 2.07 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 3138EKXL4 INTEREST EARNED ON F N M A #AL3382 2.330% 3/01/23 $1 PV ON 299.3700 SHARES DUE 12/25/2021 NOVEMBER FNMA DUE 12/25/21 - - - 299.37 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 3138ENQD4 INTEREST EARNED ON F N M A #AL5851 3.500% 10/01/29 $1 PV ON 65.6300 SHARES DUE 12/25/2021 NOVEMBER FNMA DUE 12/25/21 - - - 65.63 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 3138ENQD4 AMORTIZED PREMIUM ON F N M A #AL5851 3.500% 10/01/29 CURRENT YEAR AMORTIZATION - - - - (35.93) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 12/25/2021 12/27/2021 3138ENQD4 PAID DOWN PAR VALUE OF F N M A #AL5851 3.500% 10/01/29 NOVEMBER FNMA DUE 12/25/21 (694.73) - - 694.73 (735.99) (41.26) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 12/25/2021 12/27/2021 3138EQRJ3 PAID DOWN PAR VALUE OF F N M A #AL7688 3.500% 11/01/30 NOVEMBER FNMA DUE 12/25/21 (1,679.07) - - 1,679.07 (1,778.74) (99.67) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 3138EQRJ3 AMORTIZED PREMIUM ON F N M A #AL7688 3.500% 11/01/30 CURRENT YEAR AMORTIZATION - - - - (70.92) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 3138EQRJ3 INTEREST EARNED ON F N M A #AL7688 3.500% 11/01/30 $1 PV ON 142.5200 SHARES DUE 12/25/2021 NOVEMBER FNMA DUE 12/25/21 - - - 142.52 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 3138ETQP4 INTEREST EARNED ON F N M A #AL8561 3.500% 6/01/31 $1 PV ON 203.8600 SHARES DUE 12/25/2021 NOVEMBER FNMA DUE 12/25/21 - - - 203.86 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 3138ETQP4 AMORTIZED PREMIUM ON F N M A #AL8561 3.500% 6/01/31 CURRENT YEAR AMORTIZATION - - - - (109.14) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 12/25/2021 12/27/2021 3138ETQP4 PAID DOWN PAR VALUE OF F N M A #AL8561 3.500% 6/01/31 NOVEMBER FNMA DUE 12/25/21 (1,743.60) - - 1,743.60 (1,860.04) (116.44) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 3138WEMJ5 AMORTIZED PREMIUM ON F N M A #AS4860 2.500% 5/01/30 CURRENT YEAR AMORTIZATION - - - - (69.79) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 12/25/2021 12/27/2021 3138WEMJ5 PAID DOWN PAR VALUE OF F N M A #AS4860 2.500% 5/01/30 NOVEMBER FNMA DUE 12/25/21 (3,084.83) - - 3,084.83 (3,211.25) (126.42) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 3138WEMJ5 INTEREST EARNED ON F N M A #AS4860 2.500% 5/01/30 $1 PV ON 159.8900 SHARES DUE 12/25/2021 NOVEMBER FNMA DUE 12/25/21 - - - 159.89 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 12/25/2021 12/27/2021 3140X9VK8 PAID DOWN PAR VALUE OF F N M A #FM6017 3.000% 2/01/35 NOVEMBER FNMA DUE 12/25/21 (4,502.80) - - 4,502.80 (4,778.85) (276.05) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 3140X9VK8 AMORTIZED PREMIUM ON F N M A #FM6017 3.000% 2/01/35 CURRENT YEAR AMORTIZATION - - - - (165.72) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 3140X9VK8 INTEREST EARNED ON F N M A #FM6017 3.000% 2/01/35 $1 PV ON 408.8600 SHARES DUE 12/25/2021 NOVEMBER FNMA DUE 12/25/21 - - - 408.86 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 12/25/2021 12/27/2021 31418CDH4 PAID DOWN PAR VALUE OF F N M A #MA2803 2.500% 11/01/31 NOVEMBER FNMA DUE 12/25/21 (5,882.69) - - 5,882.69 (6,141.69) (259.00) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 31418CDH4 AMORTIZED PREMIUM ON F N M A #MA2803 2.500% 11/01/31 CURRENT YEAR AMORTIZATION - - - - (146.40) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 31418CDH4 INTEREST EARNED ON F N M A #MA2803 2.500% 11/01/31 $1 PV ON 358.6200 SHARES DUE 12/25/2021 NOVEMBER FNMA DUE 12/25/21 - - - 358.62 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 12/27/2021 12/27/2021 31846V401 PURCHASED UNITS OF FIRST AM GOVT OB FD CL D 1,958.95 1.00 - (1,958.95) 1,958.95 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/27/2021 12/27/2021 12/27/2021 31846V401 PURCHASED UNITS OF FIRST AM GOVT OB FD CL D 97,399.29 1.00 - (97,399.29) 97,399.29 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/28/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - - (1,584.99) - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/28/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - - 1,584.99 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/28/2021 3132WSF97 INTEREST EARNED ON F H L M C GD WA1102 1.920% 12/01/28 $1 PV ON 39.6300 SHARES DUE 12/15/2021 P & I DUE 12/25/21 - - - 39.63 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/28/2021 12/15/2021 12/28/2021 3132WSF97 PAID DOWN PAR VALUE OF F H L M C GD WA1102 1.920% 12/01/28 P & I DUE 12/25/21 (33.47) - - 33.47 (34.91) (1.44) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/28/2021 3140JAU97 INTEREST EARNED ON F N M A #BM6007 2.596% 6/01/49 $1 PV ON 72.6100 SHARES DUE 12/25/2021 P & I DUE 12/25/21 - - - 72.61 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/28/2021 3140JAU97 INTEREST EARNED ON F N M A #BM6007 2.596% 6/01/49 $1 PV ON 33258.6200 SHARES DUE 12/25/2021 PENALTY PAYMENT - - - 154.02 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/28/2021 12/25/2021 12/28/2021 3140JAU97 PAID DOWN PAR VALUE OF F N M A #BM6007 2.596% 6/01/49 P & I DUE 12/25/21 (6,350.39) - - 6,350.39 (6,588.84) - (238.45) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/28/2021 3140JAU97 AMORTIZED PREMIUM ON F N M A #BM6007 2.596% 6/01/49 CURRENT YEAR AMORTIZATION - - - - (3.74) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/28/2021 12/25/2021 12/28/2021 31418DYF3 PAID DOWN PAR VALUE OF F N M A #MA4309 2.000% 3/01/31 12/25/21 P & I DUE (5,422.57) - - 5,422.57 (5,594.51) (171.94) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/28/2021 31418DYF3 AMORTIZED PREMIUM ON F N M A #MA4309 2.000% 3/01/31 CURRENT YEAR AMORTIZATION - - - - (149.55) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/28/2021 31418DYF3 INTEREST EARNED ON F N M A #MA4309 2.000% 3/01/31 $1 PV ON 387.0200 SHARES DUE 12/25/2021 12/25/21 P & I DUE - - - 387.02 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/28/2021 12/28/2021 12/28/2021 31846V401 PURCHASED UNITS OF FIRST AM GOVT OB FD CL D 6,650.12 1.00 - (6,650.12) 6,650.12 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/29/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - - 653.28 - - - Page 51 of 10289 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Miscellaneous Fees Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 91 CIP STAMP Portfolio Transaction Report by Account 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/29/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - - (653.28) - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/29/2021 3132A85Y1 INTEREST EARNED ON F H L M C #ZS8063 2.500% 9/01/32 $1 PV ON 342.6800 SHARES DUE 12/25/2021 P & I DUE 12/25/21 - - - 342.68 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/29/2021 12/25/2021 12/29/2021 3132A85Y1 PAID DOWN PAR VALUE OF F H L M C #ZS8063 2.500% 9/01/32 P & I DUE 12/25/21 (3,549.99) - - 3,549.99 (3,695.01) - (145.02) 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/29/2021 3132A85Y1 AMORTIZED PREMIUM ON F H L M C #ZS8063 2.500% 9/01/32 CURRENT YEAR AMORTIZATION - - - - (120.86) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/29/2021 12/25/2021 12/29/2021 3140J8ME0 PAID DOWN PAR VALUE OF F N M A #BM3956 3.000% 12/01/32 12/25/21 P & I DUE (1,260.06) - - 1,260.06 (1,331.14) (71.08) - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/29/2021 3140J8ME0 AMORTIZED PREMIUM ON F N M A #BM3956 3.000% 12/01/32 CURRENT YEAR AMORTIZATION - - - - (56.96) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/29/2021 3140J8ME0 INTEREST EARNED ON F N M A #BM3956 3.000% 12/01/32 $1 PV ON 133.6500 SHARES DUE 12/25/2021 12/25/21 P & I DUE - - - 133.65 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/29/2021 12/29/2021 12/29/2021 31846V401 PURCHASED UNITS OF FIRST AM GOVT OB FD CL D 5,287.38 1.00 - (5,287.38) 5,287.38 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/29/2021 12/29/2021 12/29/2021 31846V401 PURCHASED UNITS OF FIRST AM GOVT OB FD CL D 5,809.59 1.00 - (5,809.59) 5,809.59 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/29/2021 31846V401 CASH RECEIPT SHORT-TERM CAPITAL GAIN DIV FIRST AM GOVT OB FD CL D STCG PAYABLE 12/29/2021 - - - 1.00 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/29/2021 9128285W6 PAR VALUE OF U S TREASURY I P 0.84873% 1/15/29 ADJUSTED BY 582.5000 UNITS INCREASE TO ADJUST FOR CHANGE IN CPI 582.50 - - - - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/29/2021 9128285W6 BOOK VALUE OF U S TREASURY I P 0.84873% 1/15/29 ADJUSTED BY 582.50 UNITS INCREASE TO ADJUST FOR CHANGE IN CPI - - - - - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/29/2021 9128285W6 STATE COST OF U S TREASURY I P 0.84873% 1/15/29 ADJUSTED BY 582.50 UNITS INCREASE TO ADJUST FOR CHANGE IN CPI - - - - - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/29/2021 9128285W6 FED BASIS OF U S TREASURY I P 0.84873% 1/15/29 ADJUSTED BY 582.50 UNITS INCREASE TO ADJUST FOR CHANGE IN CPI - - - - 582.50 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/30/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - - (477.33) - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/30/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - - 477.33 - - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/31/2021 12/31/2021 12/31/2021 31846V401 SOLD UNITS OF FIRST AM GOVT OB FD CL D (52,291.47) 1.00 - 52,291.47 (52,291.47) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/31/2021 12/31/2021 12/31/2021 31846V401 SOLD UNITS OF FIRST AM GOVT OB FD CL D (250,151.59) 1.00 - 250,151.59 (250,151.59) - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/31/2021 12/30/2021 12/31/2021 91282CCQ2 PURCHASED PAR VALUE OF U S TREASURY NT 0.00001% 7/31/23 /DEUTSCHE BANK SECURITIES, INC./250,000 PAR VALUE AT 100.046444 % 250,000.00 1.00 - (250,116.11) 250,116.11 - - 256350023 RCTC 2013 A&B TOLL BDS 2013A&B RSV 12/31/2021 12/31/2021 91282CCQ2 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 0.00001% 7/31/23 - - - (48.30) - - - - 52,278.65 (5,195,499.62) (8,205.06) 49,788.11 Page 52 of 10290 Source Account Account CUSIP Asset Category Name Asset Name 1 Asset Name 2 Maturity Date Issue Date Shares/Par Book Value Call Date Market Value Unrealized Gain/Loss Coupon Yield S&P Rating Moody Rating 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV CASH Principal Cash 89,255.41 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV CASH Income Cash (11,018.66) 240907020 RCTC 2017 TIFIA RAMP UP FD CASH Income Cash (7.69) 240907020 RCTC 2017 TIFIA RAMP UP FD CASH Principal Cash 83,558.23 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 02360SAJ7 CASH EQUIVALENTS AMEREN CORP DISC COML PAPER C P 01/18/2022 01/18/2022 12/17/2021 550,000.00 549,867.08 549,983.50 116.42 0.000 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 02530KAA8 CASH EQUIVALENTS AMERICAN CRYSTAL SUGAR CO DISC C P 01/10/2022 01/10/2022 12/08/2021 750,000.00 749,850.00 749,992.50 142.50 0.000 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 02665KAA5 CASH EQUIVALENTS AMERICAN HONDA FIN CORP C P 01/10/2022 01/10/2022 10/12/2021 600,000.00 599,733.00 599,994.00 261.00 0.000 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 64587BA51 CASH EQUIVALENTS NEW JERSEY NAT GAS CO DISC C P 01/05/2022 01/05/2022 12/16/2021 750,000.00 749,862.50 750,000.00 137.50 VAR 0.000 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 93884FAC6 CASH EQUIVALENTS WASHINGTON GAS LT CO DISC COML C P 01/12/2022 01/12/2022 11/22/2021 125,000.00 124,966.46 124,997.50 31.04 0.000 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 025816CD9 CORPORATE OBLIGATIONS AMERICAN EXPRESS CO 2.750 05/20/2022 05/20/2022 05/20/2019 423,000.00 427,303.91 4/20/2022 425,952.54 (1,351.37)2.750 2.731 BBB+A3 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 025816CK3 CORPORATE OBLIGATIONS AMERICAN EXPRESS CO SR 0.750 11/03/2023 11/03/2023 11/04/2021 285,000.00 284,971.50 284,125.05 (846.45)0.750 0.752 BBB+A3 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 02582JHS2 CORPORATE OBLIGATIONS AMERICAN EXPRESS CREDIT ACCOUNT A B S SER 2018 3 CL A 10/15/2025 03/21/2018 150,000.00 150,290.39 150,381.00 90.61 VAR 0.408 N/A AAA 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 05966DB43 CORPORATE OBLIGATIONS BANCO SANTANDER S A N Y BRH C D 02/07/2022 05/10/2021 750,000.00 750,038.35 750,075.00 36.65 0.220 0.220 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 06051GFB0 CORPORATE OBLIGATIONS BANK OF AMERICA CORP MEDIUM TERM NOTE 01/22/2024 01/21/2014 500,000.00 533,965.92 531,225.00 (2,740.92)4.125 3.883 A-A2 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 06367CLT2 CORPORATE OBLIGATIONS BANK MONTREAL CHICAGO BRH C D 09/27/2022 09/27/2021 225,000.00 225,000.00 224,849.25 (150.75)VAR 0.202 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12597PAC2 CORPORATE OBLIGATIONS CNH EQUIPMENT TRUST A B S SER 2020 A CL A3 06/16/2025 05/27/2020 94,100.90 94,796.59 94,398.26 (398.33)1.160 1.156 AAA AAA 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12598AAB6 CORPORATE OBLIGATIONS CNH EQUIPMENT TRUST A B S SER 2021 A CL A2 03/15/2024 03/15/2021 164,807.53 164,794.65 164,677.33 (117.32)VAR 0.230 AAA N/A 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 14040HBM6 CORPORATE OBLIGATIONS CAPITAL ONE FINANCIAL CO 03/09/2022 VAR 03/09/2022 03/09/2017 450,000.00 450,704.21 2/9/2022 450,328.50 (375.71)VAR 1.065 BBB BAA1 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 14042WAC4 CORPORATE OBLIGATIONS CAPITAL ONE PRIME AUTO A B S SER 2019 1 CL A3 11/15/2023 05/30/2019 130,858.12 131,735.33 131,823.85 88.52 2.510 2.492 AAA AAA 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 14313FAD1 CORPORATE OBLIGATIONS CARMAX AUTO OWNER TRUST A B S SER 2018 3 CL A3 06/15/2023 07/25/2018 182,378.37 183,230.88 182,898.15 (332.73)3.130 3.121 AAA N/A 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 14315FAF4 CORPORATE OBLIGATIONS CARMAX AUTO OWNER TRUST A B S SER 2020 3 CL B 03/16/2026 07/22/2020 120,000.00 120,138.18 119,863.20 (274.98)1.090 1.091 AA N/A 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 14315PAD7 CORPORATE OBLIGATIONS CARMAX AUTO OWNER TRUST A B S SER 2019 3 CL A3 08/15/2024 07/30/2019 257,615.58 260,302.95 260,415.86 112.91 2.180 2.157 AAA N/A 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 14315XAC2 CORPORATE OBLIGATIONS CARMAX AUTO OWNER TRUST A B S SER 2020 1 CL A3 12/16/2024 01/22/2020 73,609.77 74,470.63 74,269.31 (201.32)1.890 1.873 AAA N/A 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 14316LAC7 CORPORATE OBLIGATIONS CARMAX AUTO OWNER TRUST A B S SER 2019 2 CL A3 03/15/2024 04/17/2019 267,661.80 270,400.98 270,180.50 (220.48)2.680 2.655 AAA N/A 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 14316NAB5 CORPORATE OBLIGATIONS CARMAX AUTO OWNER TR A B S SER 2021 1 CL A2A 02/15/2024 01/27/2021 77,896.39 77,896.40 77,878.47 (17.93)0.220 0.220 AAA N/A 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 14687AAM0 CORPORATE OBLIGATIONS CARVANA AUTO REC TR A B S SER 2020 P1 CL A2 11/08/2023 12/10/2020 136,277.57 136,274.33 136,253.04 (21.28)VAR 0.280 AAA N/A 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 14687BAF3 CORPORATE OBLIGATIONS CARVANA AUTO RECB TR A B S SER 2021 P1 CL A 2 03/10/2024 03/18/2021 190,906.36 190,939.60 190,864.36 (75.24)VAR 0.280 AAA N/A 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 14913R2E6 CORPORATE OBLIGATIONS CATERPILLAR FINL SVCS MEDIUM TERM NOTE 01/06/2022 07/08/2020 500,000.00 500,000.00 500,000.00 -VAR 0.000 A A2 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 15189WAM2 CORPORATE OBLIGATIONS CENTERPOINT ENERGY RES CORP 0.700 03/02/2023 03/02/2023 03/02/2021 485,000.00 484,529.55 482,769.00 (1,760.55)0.700 0.703 BBB+A3 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 172967LQ2 CORPORATE OBLIGATIONS CITIGROUP INC 2.700 10/27/2022 10/27/2022 10/27/2017 750,000.00 763,197.71 9/27/2022 761,805.00 (1,392.71)2.700 2.658 BBB+A3 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 21684LC59 CORPORATE OBLIGATIONS COOPERATIEVE CENTRALE C D 06/15/2022 09/15/2021 375,000.00 374,945.97 374,850.00 (95.97)VAR 0.142 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 233854AC2 CORPORATE OBLIGATIONS DAIMLER TRUCKS RETAIL TRUST A B S SER 2020 1 CL A3 09/15/2023 03/18/2020 105,357.39 105,716.22 105,690.32 (25.90)1.220 1.216 N/A AAA 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 24422EVM8 CORPORATE OBLIGATIONS JOHN DEERE CAPITAL CORP MEDIUM TERM NOTE 01/17/2023 03/04/2021 625,000.00 624,781.25 623,575.00 (1,206.25)0.250 0.251 A A2 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 34528QHL1 CORPORATE OBLIGATIONS FORD CREDIT MSTR TR A A B S SER 2020 1 CL A2 09/15/2025 09/18/2020 395,000.00 396,129.47 396,856.50 727.03 VAR 0.587 N/A AAA 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 362569AA3 CORPORATE OBLIGATIONS GM FIN AUTO LEASE A B S SER 2020 3 CL A2A 11/21/2022 09/29/2020 55,656.89 55,676.62 55,657.45 (19.17)0.350 0.350 AAA AAA 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 36258MAF1 CORPORATE OBLIGATIONS GM FIN CONS ATMB REC TR 2019 A B S SER 2019 4 CL B 02/18/2025 10/16/2019 300,000.00 305,817.41 304,230.00 (1,587.41)2.040 2.012 N/A AAA 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 36259PAB2 CORPORATE OBLIGATIONS GM FIN AUTO LEASE TR A B S SER 2020 2 CL A2A 10/20/2022 06/17/2020 3,389.47 3,392.97 3,390.11 (2.86)VAR 0.710 AAA AAA 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 38013FAD3 CORPORATE OBLIGATIONS GM FINANCIAL SECURITIZED TERM C M O SER 2018 4 CL A3 10/16/2023 10/10/2018 56,494.47 56,687.02 56,808.01 120.99 3.210 3.192 AAA AAA 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 38141GYL2 CORPORATE OBLIGATIONS GOLDMAN SACHS GROUP INC 0.925 10/21/2024 10/21/2024 10/21/2021 500,000.00 500,000.00 10/21/2023 497,850.00 (2,150.00)0.925 0.929 BBB+A2 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 38141GZF4 CORPORATE OBLIGATIONS GOLDMAN SACHS GROUP INC 12/06/2023 VAR 12/06/2023 12/06/2021 330,000.00 330,000.00 330,115.50 115.50 VAR 0.670 BBB+A2 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 43814WAC9 CORPORATE OBLIGATIONS HONDA AUTO RECEIVABLES A B S SER 2019 1 CL A3 03/20/2023 02/27/2019 84,744.75 85,223.10 85,324.40 101.30 2.830 2.811 AAA N/A 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 46625HJD3 CORPORATE OBLIGATIONS JPMORGAN CHASE CO 4.500 01/24/2022 01/24/2022 01/23/2012 1,000,000.00 1,002,699.17 1,002,330.00 (369.17)4.500 4.490 A-A2 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 46647PCA2 CORPORATE OBLIGATIONS JPMORGAN CHASE CO 03/16/2024 VAR 03/16/2024 03/16/2021 340,000.00 340,000.00 3/16/2023 340,642.60 642.60 VAR 0.628 A-A2 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 58769EAC2 CORPORATE OBLIGATIONS MERCEDES BENZ AUTO LEASE A B S SER 2020 B CL A3 11/15/2023 09/23/2020 340,000.00 340,466.32 339,592.00 (874.32)0.400 0.400 AAA N/A 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 60683B3J0 CORPORATE OBLIGATIONS MITSUBISHI TR BKG CORP N Y C D 02/17/2022 11/18/2021 750,000.00 749,981.88 750,052.50 70.62 0.190 0.190 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 61744YAQ1 CORPORATE OBLIGATIONS MORGAN STANLEY 3.737 04/24/2024 04/24/2024 04/24/2018 430,000.00 447,075.45 4/24/2023 444,852.20 (2,223.25)3.737 3.612 BBB+A1 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 63743HEU2 CORPORATE OBLIGATIONS NATIONAL RURAL UTIL COOP MEDIUM TERM NOTE 02/08/2024 02/08/2021 310,000.00 306,648.90 305,235.30 (1,413.60)0.350 0.355 A-A2 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 65339KBV1 CORPORATE OBLIGATIONS NEXTERA ENERGY CAP 03/01/2023 VAR 03/01/2023 03/17/2021 225,000.00 225,000.00 225,339.75 339.75 VAR 0.588 BBB+BAA1 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 65339KBX7 CORPORATE OBLIGATIONS NEXTERA ENERGY CAP HLDGS INC 11/03/2023 VAR 11/03/2023 11/03/2021 120,000.00 120,000.00 5/3/2022 120,014.40 14.40 VAR 0.000 BBB+BAA1 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 65474VAQ4 CORPORATE OBLIGATIONS NISSAN MASTER OWNER TRUST A B S SER 2019 A CL A 02/15/2024 03/13/2019 620,000.00 621,785.62 620,297.60 (1,488.02)VAR 0.649 N/A AAA 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 69353RFU7 CORPORATE OBLIGATIONS PNC BANK NA MEDIUM TERM NOTE 02/24/2023 02/25/2020 535,000.00 535,000.00 2/24/2022 535,197.95 197.95 VAR 0.494 A A2 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 79466LAG9 CORPORATE OBLIGATIONS SALESFORCE COM INC 0.625 07/15/2024 07/15/2024 07/12/2021 260,000.00 259,867.40 7/15/2022 257,579.40 (2,288.00)0.625 0.631 A+A2 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 80285RAE8 CORPORATE OBLIGATIONS SANTANDER DRIVE AUTO TR A B S SER 2020 2 CL B 11/15/2024 07/22/2020 141,743.40 141,890.09 141,869.55 (20.54)VAR 0.959 N/A AAA 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 80286NAF3 CORPORATE OBLIGATIONS SANTANDER DRIVE AUTO A B S SER 2021 1 CL C 02/17/2026 02/17/2021 100,000.00 100,116.70 99,899.00 (217.70)0.750 0.751 N/A AAA 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 842400HC0 CORPORATE OBLIGATIONS SOUTHERN CA EDISON CO 1M GLBL 2021C 24 04/01/2024 04/01/2021 220,000.00 220,000.00 4/1/2023 220,413.60 413.60 VAR 0.897 A-A3 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 86565C6K0 CORPORATE OBLIGATIONS SUMITOMO MITSUI BKG CORP N Y C D 03/15/2022 09/15/2021 800,000.00 800,000.00 800,008.00 8.00 VAR 0.152 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 927804FJ8 CORPORATE OBLIGATIONS VIRGINIA ELEC POWER CO 3.450 09/01/2022 09/01/2022 09/01/2010 750,000.00 763,206.99 759,150.00 (4,056.99)3.450 3.408 BBB+A2 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 95000U2C6 CORPORATE OBLIGATIONS WELLS FARGO COMPANY MEDIUM TERM NOTE 01/24/2024 01/24/2019 450,000.00 476,157.88 12/24/2023 472,482.00 (3,675.88)3.750 3.572 BBB+A1 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 98162HAC4 CORPORATE OBLIGATIONS WORLD OMNI AUTOMOBILE LEASE A B S SER 2020 A CL A3 01/15/2023 02/12/2020 75,000.00 75,543.12 75,417.00 (126.12)1.700 1.691 N/A AAA 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 22550UAB7 FOREIGN OBLIGATIONS CREDIT SUISSE AG NEW YORK 02/02/2024 VAR 02/02/2024 02/02/2021 410,000.00 410,000.00 408,884.80 (1,115.20)VAR 0.441 A+A1 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 45818WCP9 FOREIGN OBLIGATIONS INTER AMERICAN DEVEL BK MEDIUM TERM NOTE 09/16/2022 09/18/2019 1,500,000.00 1,500,000.00 1,501,875.00 1,875.00 VAR 0.308 AAA AAA 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 459058JQ7 FOREIGN OBLIGATIONS INTERNATIONAL BANK 01/13/2023 VAR 01/13/2023 01/14/2021 205,000.00 205,000.00 205,106.60 106.60 VAR 0.000 AAA AAA 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 13032UXJ2 MUNICIPAL OBLIGATIONS CALIFORNIA HEALTH FACS FING AUTH REV TAXABLE NO PLACE LIKE HO 2020 06/01/2022 11/04/2020 170,000.00 170,131.78 170,056.10 (75.68)0.417 0.417 AA-AA3 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 196479G29 MUNICIPAL OBLIGATIONS COLORADO ST HSG FIN AUTH TXBL VARIABLE REF MF PROJ CLASS I SER A 2 04/01/2040 03/28/2018 500,000.00 500,000.00 500,000.00 -VAR 0.073 A-1+VMIG1 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 56052FJB2 MUNICIPAL OBLIGATIONS MAINE ST HSG AUTH MTG PUR MTG PUR BDS 2017 G 11/15/2050 10/12/2017 440,000.00 440,000.00 440,000.00 -VAR 0.078 A-1+VMIG1 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 57419P7F0 MUNICIPAL OBLIGATIONS MARYLAND ST CMNTY DEV ADMIN DEPT HSG CMNTY DEV REV BDS 2012B 09/01/2033 08/23/2012 995,000.00 995,000.00 995,000.00 -VAR 0.098 N/A VMIG1 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 59261AM79 MUNICIPAL OBLIGATIONS METROPOLITAN TRANSN AUTH NY REV TAXABLE GRANT ANTIC NTS 2021A 11/15/2022 12/09/2021 255,000.00 255,000.00 4/15/2022 255,216.75 216.75 0.777 0.776 SP-1+MIG1 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 64986MJ63 MUNICIPAL OBLIGATIONS NEW YORK ST HSG FIN AGY REV VAR REV BDS 2004B 11/15/2036 11/09/2006 100,000.00 100,000.00 100,000.00 -VAR 0.062 N/A VMIG1 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 658886DZ6 MUNICIPAL OBLIGATIONS NORTH DAKOTA ST HSG FIN AGY MTGE REVENUE HSG FIN PROG SER B 07/01/2038 03/26/2008 430,000.00 430,000.00 430,000.00 -VAR 0.099 N/A VMIG1 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 97689P2K3 MUNICIPAL OBLIGATIONS WISCONSIN ST HSG ECONOMIC DEV AUTH HOME OWNERSHIP REV REV BDS 2006 B 09/01/2037 01/19/2006 500,000.00 500,000.00 500,000.00 -VAR 0.108 A-1+VMIG1 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 976904MZ2 MUNICIPAL OBLIGATIONS WISCONSIN HSG ECONOMIC DEV AUTH HSG REV HSG REV BDS 2005F 05/01/2030 12/14/2005 235,000.00 235,000.00 235,000.00 -0.080 0.080 A-1 VMIG1 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 3133T52K8 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER G037 CL J 07/17/2024 07/01/1994 262,264.10 273,596.23 272,843.83 (752.40)6.000 5.767 N/A N/A 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 3137B7YX1 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K037 CL A1 04/25/2023 03/01/2014 248,014.83 250,063.53 251,132.38 1,627.08 2.592 2.560 AAA N/A 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 3137BC2N7 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER KX01 CL A 02/25/2023 07/01/2014 132,924.95 133,894.19 133,314.42 (579.77)2.364 2.357 N/A N/A 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 3137BJQ71 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER KPLB CL A 05/25/2025 06/01/2015 300,000.00 315,967.68 313,977.00 (1,990.68)2.770 2.647 N/A N/A 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 3137FQXG3 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER KI05 CL A 07/25/2024 01/28/2020 231,274.31 231,274.31 231,482.46 208.15 VAR 0.427 N/A N/A 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 3137G0FJ3 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER 2015 HQ2 CL M3 05/25/2025 06/09/2015 87,302.20 88,298.95 88,207.52 (91.43)VAR 3.418 N/A AAA 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 31416BTW8 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #995265 01/01/2024 12/01/2008 77,516.13 78,113.09 79,552.48 1,439.39 5.500 5.359 N/A N/A 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 38378JZD7 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2013 47 CL EC 12/20/2040 03/01/2013 66,362.55 66,931.71 66,767.36 (164.35)1.500 1.491 N/A N/A 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 912828H86 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 1.500 01/31/2022 01/31/2022 02/02/2015 1,050,000.00 1,051,245.97 1,051,155.00 (90.97)1.500 1.498 N/A AAA 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 912828J43 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 1.750 02/28/2022 02/28/2022 03/02/2015 1,500,000.00 1,504,110.70 1,503,930.00 (180.70)1.750 1.745 N/A AAA 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 912828ZD5 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 0.500 03/15/2023 03/15/2023 03/16/2020 850,000.00 853,616.60 850,331.50 (3,285.10)0.500 0.500 N/A AAA 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 91282CCQ2 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 07/31/2023 VAR 07/31/2023 07/31/2021 1,360,000.00 1,360,442.26 1,360,204.00 (238.26)VAR 0.000 N/A AAA 240907020 RCTC 2017 TIFIA RAMP UP FD 3128MMT52 US TREAS & AGENCY OBLIGATIONS F H L M C GOLD PARTN CERT POOL #G18571 10/01/2030 10/01/2015 179,182.70 186,091.79 186,163.66 71.87 2.500 2.406 N/A N/A 2017 Financing STAMP Portfolio by Investment Category for quarter ended December 31, 2021 Page 53 of 102 ATTACHMENT 5 91 Source Account Account CUSIP Asset Category Name Asset Name 1 Asset Name 2 Maturity Date Issue Date Shares/Par Book Value Call Date Market Value Unrealized Gain/Loss Coupon Yield S&P Rating Moody Rating 2017 Financing STAMP Portfolio by Investment Category for quarter ended December 31, 2021 240907020 RCTC 2017 TIFIA RAMP UP FD 3128MMUL5 US TREAS & AGENCY OBLIGATIONS F H L M C GOLD PARTN CERT POOL #G18586 02/01/2031 02/01/2016 14,748.57 15,369.52 15,278.78 (90.74)2.500 2.413 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 31307NP40 US TREAS & AGENCY OBLIGATIONS F H L M C GOLD PARTN CERT POOL #J32243 07/01/2030 07/01/2015 71,474.68 75,597.77 75,204.94 (392.83)3.000 2.851 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3132A8GL7 US TREAS & AGENCY OBLIGATIONS F H L M C PARTN CERT MIRROR POOL #ZS7403 05/01/2031 09/01/2018 56,263.81 59,366.33 58,988.67 (377.66)3.000 2.861 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3132AEF68 US TREAS & AGENCY OBLIGATIONS F H L M C PARTN CERT POOL #ZT1989 01/01/2033 05/01/2019 37,698.77 40,521.13 39,898.12 (623.01)3.500 3.307 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3132AEFC5 US TREAS & AGENCY OBLIGATIONS F H L M C PARTN CERT UMBS POOL #ZT1963 11/01/2030 05/01/2019 75,228.89 79,508.25 79,188.94 (322.68)3.500 3.325 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3133Q5GZ3 US TREAS & AGENCY OBLIGATIONS F H L M C GTD R E M I C PASS THRU STRIPPED TR 370 CL 100 09/25/2033 12/01/2020 56,252.95 56,846.71 56,196.13 (650.58)1.000 1.001 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3134GW6E1 US TREAS & AGENCY OBLIGATIONS F H L M C M T N 0.320 11/02/2023 11/02/2023 11/02/2020 400,000.00 400,285.95 397,336.00 (2,949.95)0.320 0.322 N/A AAA 240907020 RCTC 2017 TIFIA RAMP UP FD 3136A72D3 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2012 M9 CL A2 04/25/2022 08/01/2012 2,610.55 2,612.30 2,617.13 4.82 2.482 2.476 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3136A7D25 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2012 83 CL PC 07/25/2041 07/01/2012 20,145.73 20,339.04 20,451.95 112.91 3.000 2.955 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3136A8SX9 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2012 102 CL BJ 09/25/2027 08/01/2012 15,575.14 15,789.44 15,736.65 (52.79)1.500 1.485 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3136A96F0 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2012 M17 CL A2 11/25/2022 11/01/2012 27,943.32 27,084.29 28,166.03 1,081.74 2.184 2.166 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3136ABNZ2 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2012 148 CL MC 11/25/2042 12/01/2012 17,642.78 17,934.71 17,965.29 30.58 2.000 1.964 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3136AC7J4 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2013 M6 CL 2A 03/25/2023 04/01/2013 20,293.78 19,960.04 20,657.44 697.40 VAR 2.499 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3136ADZA0 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2013 27 CL KA 04/25/2028 03/01/2013 39,079.72 39,433.24 39,138.73 (294.51)1.250 1.248 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3136AEY84 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2013 70 CL DG 07/25/2028 06/01/2013 17,679.26 17,949.06 17,885.05 (64.01)1.750 1.730 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3136AMM48 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2015 M4 CL AV2 07/25/2022 03/01/2015 21,399.04 20,890.81 21,436.49 545.68 2.509 2.505 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3136AQZK9 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2015 89 CL KE 11/25/2031 11/01/2015 55,102.93 56,505.32 56,014.33 (490.99)2.000 1.967 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3136G46A6 US TREAS & AGENCY OBLIGATIONS F N M A 0.300 10/27/2023 10/27/2023 10/27/2020 130,000.00 129,967.50 129,173.20 (794.30)0.300 0.302 AA+AAA 240907020 RCTC 2017 TIFIA RAMP UP FD 3137AQQE1 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER 4039 CL QB 05/15/2027 05/01/2012 33,217.70 33,652.07 33,432.29 (219.79)1.500 1.490 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3137AWWM3 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER 4138 CL HA 12/15/2027 12/01/2012 17,919.03 18,084.37 18,006.12 (78.25)1.250 1.244 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3137AYCE9 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K025 CL A2 10/25/2022 02/01/2013 99,568.05 100,116.88 100,878.37 761.49 2.682 2.647 N/A AAA 240907020 RCTC 2017 TIFIA RAMP UP FD 3137AYSH5 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER 4165 CL TE 12/15/2042 02/01/2013 106,177.17 108,289.63 106,746.28 (1,543.07)1.750 1.741 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3137B1U75 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K S01 CL A2 01/25/2023 05/07/2013 95,068.38 93,456.72 95,929.70 2,472.98 2.522 3.195 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3137B2Z78 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER 4221 CL GA 07/15/2023 06/01/2013 20,514.10 20,554.07 20,544.87 (9.20)1.400 1.398 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3137B3NW4 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K031 CL A1 09/25/2022 08/01/2013 20,941.62 20,761.65 21,098.68 337.03 2.778 2.757 N/A AAA 240907020 RCTC 2017 TIFIA RAMP UP FD 3137B6DF5 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER 4272 CL YG 11/15/2026 11/01/2013 51,033.38 51,794.33 51,629.45 (164.88)2.000 1.977 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3137B7YY9 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K037 CL A2 01/25/2024 03/01/2014 209,000.00 220,799.42 218,331.85 (2,467.57)3.490 3.341 AAA N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3137B84S3 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER 4305 CL CT 02/15/2029 02/01/2014 28,693.08 28,334.42 29,033.09 698.67 2.000 1.977 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3137B9RN7 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER 4328 CL EA 12/15/2027 04/01/2014 53,817.04 54,622.93 54,955.81 332.89 2.500 2.448 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3137BDCW4 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K039 CL A2 07/25/2024 09/01/2014 175,000.00 186,259.20 183,664.25 (2,594.95)3.303 3.147 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3137BFE80 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K041 CL A1 08/25/2024 12/01/2014 66,710.64 68,616.14 68,192.95 (423.19)2.720 2.661 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3137BJQ71 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER KPLB CL A 05/25/2025 06/01/2015 150,000.00 159,646.01 156,988.50 (2,657.51)2.770 2.647 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3137BLW87 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K050 CL A1 01/25/2025 11/01/2015 172,375.70 179,162.18 177,584.89 (1,606.92)2.802 2.720 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3137BQBY2 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER KY22 CL A1 05/25/2022 06/01/2016 17,079.64 17,095.37 17,095.35 (0.02)2.183 2.181 AAA N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3137EADB2 US TREAS & AGENCY OBLIGATIONS F H L M C M T N 2.375 01/13/2022 01/13/2022 01/13/2012 400,000.00 400,093.54 400,260.00 166.46 2.375 2.373 AA+AAA 240907020 RCTC 2017 TIFIA RAMP UP FD 3138EJPZ5 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #AL2239 07/01/2022 08/01/2012 1,218.34 1,222.10 1,218.25 (3.85)3.023 3.370 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3138EQRJ3 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #AL7688 11/01/2030 11/01/2015 165,782.40 175,567.21 175,598.38 31.17 3.500 3.304 240907020 RCTC 2017 TIFIA RAMP UP FD 3138ETQP4 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #AL8561 06/01/2031 05/01/2016 32,526.85 34,687.22 34,811.86 124.64 3.500 3.270 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3138WEMJ5 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #AS4860 05/01/2030 04/01/2015 183,218.40 190,487.46 190,636.91 149.45 2.500 2.403 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 31392J6N4 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2003 23 CL EQ 04/25/2023 03/01/2003 68,422.64 68,607.97 69,758.93 1,150.96 5.500 5.395 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3140J8ME0 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT UMBS POOL #BM3956 12/01/2032 05/01/2018 23,726.79 25,012.26 24,977.19 (35.07)3.000 2.850 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3140X4H90 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT UMBS POOL #FM1155 06/01/2032 06/01/2019 168,955.02 176,391.07 174,993.47 (1,393.97)2.500 2.414 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3140X7LS6 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #FM3936 08/01/2035 07/01/2020 94,624.08 98,865.42 97,800.61 (1,064.81)2.500 2.419 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3140X9VK8 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #FM6017 02/01/2035 02/01/2021 75,734.20 80,359.24 79,292.19 (1,067.05)3.000 2.865 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 31418CDH4 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #MA2803 11/01/2031 10/01/2016 34,913.03 36,363.95 36,133.94 (230.01)2.500 2.416 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 31418D7K2 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT UMBS POOL #MA4497 11/01/2036 11/01/2021 407,086.15 415,881.18 417,141.18 1,260.00 2.000 1.952 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 31418DSA1 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT UMBS POOL #MA4112 08/01/2035 07/01/2020 71,006.70 74,203.68 75,125.80 922.12 3.000 2.836 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 31418DVU3 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT UMBS POOL #MA4226 12/01/2030 12/01/2020 196,044.36 202,110.55 200,886.66 (1,223.89)2.000 1.952 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 36176XQB8 US TREAS & AGENCY OBLIGATIONS G N M A PARTN CERT POOL #779250 05/15/2027 05/01/2012 135,147.33 139,628.26 141,076.24 1,448.64 3.000 2.874 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 36179NAJ7 US TREAS & AGENCY OBLIGATIONS G N M A I I PASS THRU CERT POOL #MA0909 04/20/2028 04/01/2013 9,945.80 10,284.57 10,297.28 12.71 3.000 2.898 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 36179NHK7 US TREAS & AGENCY OBLIGATIONS G N M A I I PARTN CERT POOL #MA1134 07/20/2028 07/01/2013 71,292.24 73,069.28 74,508.95 1,439.67 3.000 2.870 240907020 RCTC 2017 TIFIA RAMP UP FD 36179NKP2 US TREAS & AGENCY OBLIGATIONS G N M A II PARTN CERT POOL #MA1202 08/20/2028 08/01/2013 20,588.98 21,268.94 21,284.48 15.54 2.500 2.418 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 36202F2H8 US TREAS & AGENCY OBLIGATIONS G N M A I I PASS THRU CERT POOL #005276 01/20/2027 01/01/2012 14,989.41 15,162.26 15,661.39 499.13 3.000 2.871 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 36202F3H7 US TREAS & AGENCY OBLIGATIONS G N M A I I PASS THRU CERT POOL #005300 02/20/2027 02/01/2012 16,619.64 17,078.56 17,365.20 286.64 3.000 2.871 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 38375XCM4 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2008 47 CL PC 11/16/2037 06/01/2008 1,835.79 1,864.68 1,841.00 (23.68)5.000 4.986 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 38376T5Z1 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2010 4 CL PD 01/16/2039 01/01/2010 26,001.85 26,818.10 26,773.84 (44.26)3.000 2.913 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 38376V2E6 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2010 19 CL UA 07/16/2039 02/01/2010 10,937.06 11,195.58 11,350.81 155.23 4.000 3.854 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 38377LFC7 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2010 116 CL NE 12/20/2039 09/01/2010 4,319.96 4,357.41 4,333.61 (23.80)2.500 2.492 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 38377QKH9 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2011 18 CL PG 08/20/2040 02/01/2011 5,564.03 5,623.46 5,650.77 27.31 3.000 2.954 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 38378HAU0 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2012 96 CL AD 08/20/2027 08/01/2012 39,288.79 39,758.99 39,520.99 (238.00)1.500 1.491 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 38378JZD7 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2013 47 CL EC 12/20/2040 03/01/2013 7,432.62 7,339.71 7,477.96 138.25 1.500 1.491 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 38378VC45 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2013 116 CL MA 12/16/2041 08/01/2013 26,368.71 25,416.96 26,873.67 1,456.71 2.250 2.208 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 912828H86 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 1.500 01/31/2022 01/31/2022 02/02/2015 1,225,000.00 1,226,453.62 1,226,347.50 (106.12)1.500 1.498 N/A AAA 240907020 RCTC 2017 TIFIA RAMP UP FD 912828J43 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 1.750 02/28/2022 02/28/2022 03/02/2015 1,365,000.00 1,368,632.70 1,368,576.30 (56.40)1.750 1.745 N/A AAA 240907020 RCTC 2017 TIFIA RAMP UP FD 912828L57 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 1.750 09/30/2022 09/30/2022 09/30/2015 725,000.00 727,010.39 732,728.50 6,042.43 1.750 1.732 N/A AAA 240907020 RCTC 2017 TIFIA RAMP UP FD 912828YK0 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 1.375 10/15/2022 10/15/2022 10/15/2019 815,000.00 815,393.38 821,560.75 6,167.37 1.375 1.364 N/A AAA 240907020 RCTC 2017 TIFIA RAMP UP FD 912828YY0 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 1.750 12/31/2024 12/31/2024 12/31/2019 615,000.00 636,451.42 629,028.15 (7,423.27)1.750 1.711 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 912828ZD5 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 0.500 03/15/2023 03/15/2023 03/16/2020 865,000.00 868,410.52 865,337.35 (3,073.17)0.500 0.500 N/A AAA 240907020 RCTC 2017 TIFIA RAMP UP FD 912828ZF0 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 0.500 03/31/2025 03/31/2025 03/31/2020 705,000.00 703,292.58 693,297.00 (9,995.58)0.500 0.508 N/A AAA 240907020 RCTC 2017 TIFIA RAMP UP FD 912828ZP8 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 0.125 05/15/2023 05/15/2023 05/15/2020 855,000.00 853,286.72 850,092.30 (3,194.42)0.125 0.126 N/A AAA 240907020 RCTC 2017 TIFIA RAMP UP FD 91282CAP6 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 0.125 10/15/2023 10/15/2023 10/15/2020 1,100,000.00 1,097,732.83 1,089,000.00 (8,732.83)0.125 0.126 N/A AAA 240907020 RCTC 2017 TIFIA RAMP UP FD 91282CBA8 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 0.125 12/15/2023 12/15/2023 12/15/2020 670,000.00 667,600.78 662,308.40 (5,292.38)0.125 0.126 N/A AAA 240907020 RCTC 2017 TIFIA RAMP UP FD 91282CCG4 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 0.250 06/15/2024 06/15/2024 06/15/2021 550,000.00 547,550.78 541,898.50 (5,652.28)0.250 0.254 N/A AAA 240907020 RCTC 2017 TIFIA RAMP UP FD 91282CCQ2 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 07/31/2023 VAR 07/31/2023 07/31/2021 1,040,000.00 1,040,108.44 1,040,156.00 47.56 VAR 0.000 N/A AAA 46,934,700.01 47,025,137.09 -70,496.09 Page 54 of 102 92 Source Account Account CUSIP Asset Category Name Asset Name 1 Asset Name 2 Maturity Date Issue Date Shares/Par Book Value Call Date Market Value Unrealized Gain/Loss Coupon Yield S&P Rating Moody Rating 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV CASH Principal Cash 89,255.41 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV CASH Income Cash (11,018.66) 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 02360SAJ7 CASH EQUIVALENTS AMEREN CORP DISC COML PAPER C P 01/18/2022 01/18/2022 12/17/2021 550,000.00 549,867.08 549,983.50 116.42 0.000 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 02530KAA8 CASH EQUIVALENTS AMERICAN CRYSTAL SUGAR CO DISC C P 01/10/2022 01/10/2022 12/08/2021 750,000.00 749,850.00 749,992.50 142.50 0.000 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 02665KAA5 CASH EQUIVALENTS AMERICAN HONDA FIN CORP C P 01/10/2022 01/10/2022 10/12/2021 600,000.00 599,733.00 599,994.00 261.00 0.000 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 64587BA51 CASH EQUIVALENTS NEW JERSEY NAT GAS CO DISC C P 01/05/2022 01/05/2022 12/16/2021 750,000.00 749,862.50 750,000.00 137.50 VAR 0.000 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 93884FAC6 CASH EQUIVALENTS WASHINGTON GAS LT CO DISC COML C P 01/12/2022 01/12/2022 11/22/2021 125,000.00 124,966.46 124,997.50 31.04 0.000 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 025816CD9 CORPORATE OBLIGATIONS AMERICAN EXPRESS CO 2.750 05/20/2022 05/20/2022 05/20/2019 423,000.00 427,303.91 4/20/2022 425,952.54 (1,351.37)2.750 2.731 BBB+A3 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 025816CK3 CORPORATE OBLIGATIONS AMERICAN EXPRESS CO SR 0.750 11/03/2023 11/03/2023 11/04/2021 285,000.00 284,971.50 284,125.05 (846.45)0.750 0.752 BBB+A3 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 02582JHS2 CORPORATE OBLIGATIONS AMERICAN EXPRESS CREDIT ACCOUNT A B S SER 2018 3 CL A 10/15/2025 03/21/2018 150,000.00 150,290.39 150,381.00 90.61 VAR 0.408 N/A AAA 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 05966DB43 CORPORATE OBLIGATIONS BANCO SANTANDER S A N Y BRH C D 02/07/2022 05/10/2021 750,000.00 750,038.35 750,075.00 36.65 0.220 0.220 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 06051GFB0 CORPORATE OBLIGATIONS BANK OF AMERICA CORP MEDIUM TERM NOTE 01/22/2024 01/21/2014 500,000.00 533,965.92 531,225.00 (2,740.92)4.125 3.883 A-A2 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 06367CLT2 CORPORATE OBLIGATIONS BANK MONTREAL CHICAGO BRH C D 09/27/2022 09/27/2021 225,000.00 225,000.00 224,849.25 (150.75)VAR 0.202 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12597PAC2 CORPORATE OBLIGATIONS CNH EQUIPMENT TRUST A B S SER 2020 A CL A3 06/16/2025 05/27/2020 94,100.90 94,796.59 94,398.26 (398.33)1.160 1.156 AAA AAA 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12598AAB6 CORPORATE OBLIGATIONS CNH EQUIPMENT TRUST A B S SER 2021 A CL A2 03/15/2024 03/15/2021 164,807.53 164,794.65 164,677.33 (117.32)VAR 0.230 AAA N/A 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 14040HBM6 CORPORATE OBLIGATIONS CAPITAL ONE FINANCIAL CO 03/09/2022 VAR 03/09/2022 03/09/2017 450,000.00 450,704.21 2/9/2022 450,328.50 (375.71)VAR 1.065 BBB BAA1 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 14042WAC4 CORPORATE OBLIGATIONS CAPITAL ONE PRIME AUTO A B S SER 2019 1 CL A3 11/15/2023 05/30/2019 130,858.12 131,735.33 131,823.85 88.52 2.510 2.492 AAA AAA 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 14313FAD1 CORPORATE OBLIGATIONS CARMAX AUTO OWNER TRUST A B S SER 2018 3 CL A3 06/15/2023 07/25/2018 182,378.37 183,230.88 182,898.15 (332.73)3.130 3.121 AAA N/A 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 14315FAF4 CORPORATE OBLIGATIONS CARMAX AUTO OWNER TRUST A B S SER 2020 3 CL B 03/16/2026 07/22/2020 120,000.00 120,138.18 119,863.20 (274.98)1.090 1.091 AA N/A 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 14315PAD7 CORPORATE OBLIGATIONS CARMAX AUTO OWNER TRUST A B S SER 2019 3 CL A3 08/15/2024 07/30/2019 257,615.58 260,302.95 260,415.86 112.91 2.180 2.157 AAA N/A 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 14315XAC2 CORPORATE OBLIGATIONS CARMAX AUTO OWNER TRUST A B S SER 2020 1 CL A3 12/16/2024 01/22/2020 73,609.77 74,470.63 74,269.31 (201.32)1.890 1.873 AAA N/A 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 14316LAC7 CORPORATE OBLIGATIONS CARMAX AUTO OWNER TRUST A B S SER 2019 2 CL A3 03/15/2024 04/17/2019 267,661.80 270,400.98 270,180.50 (220.48)2.680 2.655 AAA N/A 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 14316NAB5 CORPORATE OBLIGATIONS CARMAX AUTO OWNER TR A B S SER 2021 1 CL A2A 02/15/2024 01/27/2021 77,896.39 77,896.40 77,878.47 (17.93)0.220 0.220 AAA N/A 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 14687AAM0 CORPORATE OBLIGATIONS CARVANA AUTO REC TR A B S SER 2020 P1 CL A2 11/08/2023 12/10/2020 136,277.57 136,274.33 136,253.04 (21.28)VAR 0.280 AAA N/A 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 14687BAF3 CORPORATE OBLIGATIONS CARVANA AUTO RECB TR A B S SER 2021 P1 CL A 2 03/10/2024 03/18/2021 190,906.36 190,939.60 190,864.36 (75.24)VAR 0.280 AAA N/A 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 14913R2E6 CORPORATE OBLIGATIONS CATERPILLAR FINL SVCS MEDIUM TERM NOTE 01/06/2022 07/08/2020 500,000.00 500,000.00 500,000.00 -VAR 0.000 A A2 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 15189WAM2 CORPORATE OBLIGATIONS CENTERPOINT ENERGY RES CORP 0.700 03/02/2023 03/02/2023 03/02/2021 485,000.00 484,529.55 482,769.00 (1,760.55)0.700 0.703 BBB+A3 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 172967LQ2 CORPORATE OBLIGATIONS CITIGROUP INC 2.700 10/27/2022 10/27/2022 10/27/2017 750,000.00 763,197.71 9/27/2022 761,805.00 (1,392.71)2.700 2.658 BBB+A3 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 21684LC59 CORPORATE OBLIGATIONS COOPERATIEVE CENTRALE C D 06/15/2022 09/15/2021 375,000.00 374,945.97 374,850.00 (95.97)VAR 0.142 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 233854AC2 CORPORATE OBLIGATIONS DAIMLER TRUCKS RETAIL TRUST A B S SER 2020 1 CL A3 09/15/2023 03/18/2020 105,357.39 105,716.22 105,690.32 (25.90)1.220 1.216 N/A AAA 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 24422EVM8 CORPORATE OBLIGATIONS JOHN DEERE CAPITAL CORP MEDIUM TERM NOTE 01/17/2023 03/04/2021 625,000.00 624,781.25 623,575.00 (1,206.25)0.250 0.251 A A2 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 34528QHL1 CORPORATE OBLIGATIONS FORD CREDIT MSTR TR A A B S SER 2020 1 CL A2 09/15/2025 09/18/2020 395,000.00 396,129.47 396,856.50 727.03 VAR 0.587 N/A AAA 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 362569AA3 CORPORATE OBLIGATIONS GM FIN AUTO LEASE A B S SER 2020 3 CL A2A 11/21/2022 09/29/2020 55,656.89 55,676.62 55,657.45 (19.17)0.350 0.350 AAA AAA 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 36258MAF1 CORPORATE OBLIGATIONS GM FIN CONS ATMB REC TR 2019 A B S SER 2019 4 CL B 02/18/2025 10/16/2019 300,000.00 305,817.41 304,230.00 (1,587.41)2.040 2.012 N/A AAA 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 36259PAB2 CORPORATE OBLIGATIONS GM FIN AUTO LEASE TR A B S SER 2020 2 CL A2A 10/20/2022 06/17/2020 3,389.47 3,392.97 3,390.11 (2.86)VAR 0.710 AAA AAA 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 38013FAD3 CORPORATE OBLIGATIONS GM FINANCIAL SECURITIZED TERM C M O SER 2018 4 CL A3 10/16/2023 10/10/2018 56,494.47 56,687.02 56,808.01 120.99 3.210 3.192 AAA AAA 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 38141GYL2 CORPORATE OBLIGATIONS GOLDMAN SACHS GROUP INC 0.925 10/21/2024 10/21/2024 10/21/2021 500,000.00 500,000.00 10/21/2023 497,850.00 (2,150.00)0.925 0.929 BBB+A2 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 38141GZF4 CORPORATE OBLIGATIONS GOLDMAN SACHS GROUP INC 12/06/2023 VAR 12/06/2023 12/06/2021 330,000.00 330,000.00 330,115.50 115.50 VAR 0.670 BBB+A2 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 43814WAC9 CORPORATE OBLIGATIONS HONDA AUTO RECEIVABLES A B S SER 2019 1 CL A3 03/20/2023 02/27/2019 84,744.75 85,223.10 85,324.40 101.30 2.830 2.811 AAA N/A 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 46625HJD3 CORPORATE OBLIGATIONS JPMORGAN CHASE CO 4.500 01/24/2022 01/24/2022 01/23/2012 1,000,000.00 1,002,699.17 1,002,330.00 (369.17)4.500 4.490 A-A2 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 46647PCA2 CORPORATE OBLIGATIONS JPMORGAN CHASE CO 03/16/2024 VAR 03/16/2024 03/16/2021 340,000.00 340,000.00 3/16/2023 340,642.60 642.60 VAR 0.628 A-A2 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 58769EAC2 CORPORATE OBLIGATIONS MERCEDES BENZ AUTO LEASE A B S SER 2020 B CL A3 11/15/2023 09/23/2020 340,000.00 340,466.32 339,592.00 (874.32)0.400 0.400 AAA N/A 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 60683B3J0 CORPORATE OBLIGATIONS MITSUBISHI TR BKG CORP N Y C D 02/17/2022 11/18/2021 750,000.00 749,981.88 750,052.50 70.62 0.190 0.190 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 61744YAQ1 CORPORATE OBLIGATIONS MORGAN STANLEY 3.737 04/24/2024 04/24/2024 04/24/2018 430,000.00 447,075.45 4/24/2023 444,852.20 (2,223.25)3.737 3.612 BBB+A1 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 63743HEU2 CORPORATE OBLIGATIONS NATIONAL RURAL UTIL COOP MEDIUM TERM NOTE 02/08/2024 02/08/2021 310,000.00 306,648.90 305,235.30 (1,413.60)0.350 0.355 A-A2 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 65339KBV1 CORPORATE OBLIGATIONS NEXTERA ENERGY CAP 03/01/2023 VAR 03/01/2023 03/17/2021 225,000.00 225,000.00 225,339.75 339.75 VAR 0.588 BBB+BAA1 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 65339KBX7 CORPORATE OBLIGATIONS NEXTERA ENERGY CAP HLDGS INC 11/03/2023 VAR 11/03/2023 11/03/2021 120,000.00 120,000.00 5/3/2022 120,014.40 14.40 VAR 0.000 BBB+BAA1 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 65474VAQ4 CORPORATE OBLIGATIONS NISSAN MASTER OWNER TRUST A B S SER 2019 A CL A 02/15/2024 03/13/2019 620,000.00 621,785.62 620,297.60 (1,488.02)VAR 0.649 N/A AAA 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 69353RFU7 CORPORATE OBLIGATIONS PNC BANK NA MEDIUM TERM NOTE 02/24/2023 02/25/2020 535,000.00 535,000.00 2/24/2022 535,197.95 197.95 VAR 0.494 A A2 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 79466LAG9 CORPORATE OBLIGATIONS SALESFORCE COM INC 0.625 07/15/2024 07/15/2024 07/12/2021 260,000.00 259,867.40 7/15/2022 257,579.40 (2,288.00)0.625 0.631 A+A2 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 80285RAE8 CORPORATE OBLIGATIONS SANTANDER DRIVE AUTO TR A B S SER 2020 2 CL B 11/15/2024 07/22/2020 141,743.40 141,890.09 141,869.55 (20.54)VAR 0.959 N/A AAA 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 80286NAF3 CORPORATE OBLIGATIONS SANTANDER DRIVE AUTO A B S SER 2021 1 CL C 02/17/2026 02/17/2021 100,000.00 100,116.70 99,899.00 (217.70)0.750 0.751 N/A AAA 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 842400HC0 CORPORATE OBLIGATIONS SOUTHERN CA EDISON CO 1M GLBL 2021C 24 04/01/2024 04/01/2021 220,000.00 220,000.00 4/1/2023 220,413.60 413.60 VAR 0.897 A-A3 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 86565C6K0 CORPORATE OBLIGATIONS SUMITOMO MITSUI BKG CORP N Y C D 03/15/2022 09/15/2021 800,000.00 800,000.00 800,008.00 8.00 VAR 0.152 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 927804FJ8 CORPORATE OBLIGATIONS VIRGINIA ELEC POWER CO 3.450 09/01/2022 09/01/2022 09/01/2010 750,000.00 763,206.99 759,150.00 (4,056.99)3.450 3.408 BBB+A2 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 95000U2C6 CORPORATE OBLIGATIONS WELLS FARGO COMPANY MEDIUM TERM NOTE 01/24/2024 01/24/2019 450,000.00 476,157.88 12/24/2023 472,482.00 (3,675.88)3.750 3.572 BBB+A1 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 98162HAC4 CORPORATE OBLIGATIONS WORLD OMNI AUTOMOBILE LEASE A B S SER 2020 A CL A3 01/15/2023 02/12/2020 75,000.00 75,543.12 75,417.00 (126.12)1.700 1.691 N/A AAA 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 22550UAB7 FOREIGN OBLIGATIONS CREDIT SUISSE AG NEW YORK 02/02/2024 VAR 02/02/2024 02/02/2021 410,000.00 410,000.00 408,884.80 (1,115.20)VAR 0.441 A+A1 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 45818WCP9 FOREIGN OBLIGATIONS INTER AMERICAN DEVEL BK MEDIUM TERM NOTE 09/16/2022 09/18/2019 1,500,000.00 1,500,000.00 1,501,875.00 1,875.00 VAR 0.308 AAA AAA 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 459058JQ7 FOREIGN OBLIGATIONS INTERNATIONAL BANK 01/13/2023 VAR 01/13/2023 01/14/2021 205,000.00 205,000.00 205,106.60 106.60 VAR 0.000 AAA AAA 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 13032UXJ2 MUNICIPAL OBLIGATIONS CALIFORNIA HEALTH FACS FING AUTH REV TAXABLE NO PLACE LIKE HO 2020 06/01/2022 11/04/2020 170,000.00 170,131.78 170,056.10 (75.68)0.417 0.417 AA-AA3 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 196479G29 MUNICIPAL OBLIGATIONS COLORADO ST HSG FIN AUTH TXBL VARIABLE REF MF PROJ CLASS I SER A 2 04/01/2040 03/28/2018 500,000.00 500,000.00 500,000.00 -VAR 0.073 A-1+VMIG1 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 56052FJB2 MUNICIPAL OBLIGATIONS MAINE ST HSG AUTH MTG PUR MTG PUR BDS 2017 G 11/15/2050 10/12/2017 440,000.00 440,000.00 440,000.00 -VAR 0.078 A-1+VMIG1 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 57419P7F0 MUNICIPAL OBLIGATIONS MARYLAND ST CMNTY DEV ADMIN DEPT HSG CMNTY DEV REV BDS 2012B 09/01/2033 08/23/2012 995,000.00 995,000.00 995,000.00 -VAR 0.098 N/A VMIG1 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 59261AM79 MUNICIPAL OBLIGATIONS METROPOLITAN TRANSN AUTH NY REV TAXABLE GRANT ANTIC NTS 2021A 11/15/2022 12/09/2021 255,000.00 255,000.00 4/15/2022 255,216.75 216.75 0.777 0.776 SP-1+MIG1 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 64986MJ63 MUNICIPAL OBLIGATIONS NEW YORK ST HSG FIN AGY REV VAR REV BDS 2004B 11/15/2036 11/09/2006 100,000.00 100,000.00 100,000.00 -VAR 0.062 N/A VMIG1 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 658886DZ6 MUNICIPAL OBLIGATIONS NORTH DAKOTA ST HSG FIN AGY MTGE REVENUE HSG FIN PROG SER B 07/01/2038 03/26/2008 430,000.00 430,000.00 430,000.00 -VAR 0.099 N/A VMIG1 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 97689P2K3 MUNICIPAL OBLIGATIONS WISCONSIN ST HSG ECONOMIC DEV AUTH HOME OWNERSHIP REV REV BDS 2006 B 09/01/2037 01/19/2006 500,000.00 500,000.00 500,000.00 -VAR 0.108 A-1+VMIG1 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 976904MZ2 MUNICIPAL OBLIGATIONS WISCONSIN HSG ECONOMIC DEV AUTH HSG REV HSG REV BDS 2005F 05/01/2030 12/14/2005 235,000.00 235,000.00 235,000.00 -0.080 0.080 A-1 VMIG1 2017 Financing STAMP Portfolio by Account for quarter ended December 31, 2021 Page 55 of 102 ATTACHMENT 6 93 Source Account Account CUSIP Asset Category Name Asset Name 1 Asset Name 2 Maturity Date Issue Date Shares/Par Book Value Call Date Market Value Unrealized Gain/Loss Coupon Yield S&P Rating Moody Rating 2017 Financing STAMP Portfolio by Account for quarter ended December 31, 2021 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 3133T52K8 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER G037 CL J 07/17/2024 07/01/1994 262,264.10 273,596.23 272,843.83 (752.40)6.000 5.767 N/A N/A 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 3137B7YX1 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K037 CL A1 04/25/2023 03/01/2014 248,014.83 250,063.53 251,132.38 1,627.08 2.592 2.560 AAA N/A 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 3137BC2N7 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER KX01 CL A 02/25/2023 07/01/2014 132,924.95 133,894.19 133,314.42 (579.77)2.364 2.357 N/A N/A 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 3137BJQ71 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER KPLB CL A 05/25/2025 06/01/2015 300,000.00 315,967.68 313,977.00 (1,990.68)2.770 2.647 N/A N/A 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 3137FQXG3 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER KI05 CL A 07/25/2024 01/28/2020 231,274.31 231,274.31 231,482.46 208.15 VAR 0.427 N/A N/A 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 3137G0FJ3 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER 2015 HQ2 CL M3 05/25/2025 06/09/2015 87,302.20 88,298.95 88,207.52 (91.43)VAR 3.418 N/A AAA 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 31416BTW8 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #995265 01/01/2024 12/01/2008 77,516.13 78,113.09 79,552.48 1,439.39 5.500 5.359 N/A N/A 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 38378JZD7 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2013 47 CL EC 12/20/2040 03/01/2013 66,362.55 66,931.71 66,767.36 (164.35)1.500 1.491 N/A N/A 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 912828H86 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 1.500 01/31/2022 01/31/2022 02/02/2015 1,050,000.00 1,051,245.97 1,051,155.00 (90.97)1.500 1.498 N/A AAA 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 912828J43 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 1.750 02/28/2022 02/28/2022 03/02/2015 1,500,000.00 1,504,110.70 1,503,930.00 (180.70)1.750 1.745 N/A AAA 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 912828ZD5 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 0.500 03/15/2023 03/15/2023 03/16/2020 850,000.00 853,616.60 850,331.50 (3,285.10)0.500 0.500 N/A AAA 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 91282CCQ2 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 07/31/2023 VAR 07/31/2023 07/31/2021 1,360,000.00 1,360,442.26 1,360,204.00 (238.26)VAR 0.000 N/A AAA 31,360,757.65 31,406,994.26 (31,441.90) 240907020 RCTC 2017 TIFIA RAMP UP FD CASH Income Cash (7.69) 240907020 RCTC 2017 TIFIA RAMP UP FD CASH Principal Cash 83,558.23 240907020 RCTC 2017 TIFIA RAMP UP FD 3128MMT52 US TREAS & AGENCY OBLIGATIONS F H L M C GOLD PARTN CERT POOL #G18571 10/01/2030 10/01/2015 179,182.70 186,091.79 186,163.66 71.87 2.500 2.406 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3128MMUL5 US TREAS & AGENCY OBLIGATIONS F H L M C GOLD PARTN CERT POOL #G18586 02/01/2031 02/01/2016 14,748.57 15,369.52 15,278.78 (90.74)2.500 2.413 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 31307NP40 US TREAS & AGENCY OBLIGATIONS F H L M C GOLD PARTN CERT POOL #J32243 07/01/2030 07/01/2015 71,474.68 75,597.77 75,204.94 (392.83)3.000 2.851 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3132A8GL7 US TREAS & AGENCY OBLIGATIONS F H L M C PARTN CERT MIRROR POOL #ZS7403 05/01/2031 09/01/2018 56,263.81 59,366.33 58,988.67 (377.66)3.000 2.861 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3132AEF68 US TREAS & AGENCY OBLIGATIONS F H L M C PARTN CERT POOL #ZT1989 01/01/2033 05/01/2019 37,698.77 40,521.13 39,898.12 (623.01)3.500 3.307 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3132AEFC5 US TREAS & AGENCY OBLIGATIONS F H L M C PARTN CERT UMBS POOL #ZT1963 11/01/2030 05/01/2019 75,228.89 79,508.25 79,188.94 (322.68)3.500 3.325 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3133Q5GZ3 US TREAS & AGENCY OBLIGATIONS F H L M C GTD R E M I C PASS THRU STRIPPED TR 370 CL 100 09/25/2033 12/01/2020 56,252.95 56,846.71 56,196.13 (650.58)1.000 1.001 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3134GW6E1 US TREAS & AGENCY OBLIGATIONS F H L M C M T N 0.320 11/02/2023 11/02/2023 11/02/2020 400,000.00 400,285.95 397,336.00 (2,949.95)0.320 0.322 N/A AAA 240907020 RCTC 2017 TIFIA RAMP UP FD 3136A72D3 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2012 M9 CL A2 04/25/2022 08/01/2012 2,610.55 2,612.30 2,617.13 4.82 2.482 2.476 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3136A7D25 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2012 83 CL PC 07/25/2041 07/01/2012 20,145.73 20,339.04 20,451.95 112.91 3.000 2.955 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3136A8SX9 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2012 102 CL BJ 09/25/2027 08/01/2012 15,575.14 15,789.44 15,736.65 (52.79)1.500 1.485 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3136A96F0 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2012 M17 CL A2 11/25/2022 11/01/2012 27,943.32 27,084.29 28,166.03 1,081.74 2.184 2.166 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3136ABNZ2 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2012 148 CL MC 11/25/2042 12/01/2012 17,642.78 17,934.71 17,965.29 30.58 2.000 1.964 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3136AC7J4 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2013 M6 CL 2A 03/25/2023 04/01/2013 20,293.78 19,960.04 20,657.44 697.40 VAR 2.499 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3136ADZA0 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2013 27 CL KA 04/25/2028 03/01/2013 39,079.72 39,433.24 39,138.73 (294.51)1.250 1.248 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3136AEY84 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2013 70 CL DG 07/25/2028 06/01/2013 17,679.26 17,949.06 17,885.05 (64.01)1.750 1.730 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3136AMM48 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2015 M4 CL AV2 07/25/2022 03/01/2015 21,399.04 20,890.81 21,436.49 545.68 2.509 2.505 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3136AQZK9 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2015 89 CL KE 11/25/2031 11/01/2015 55,102.93 56,505.32 56,014.33 (490.99)2.000 1.967 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3136G46A6 US TREAS & AGENCY OBLIGATIONS F N M A 0.300 10/27/2023 10/27/2023 10/27/2020 130,000.00 129,967.50 129,173.20 (794.30)0.300 0.302 AA+AAA 240907020 RCTC 2017 TIFIA RAMP UP FD 3137AQQE1 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER 4039 CL QB 05/15/2027 05/01/2012 33,217.70 33,652.07 33,432.29 (219.79)1.500 1.490 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3137AWWM3 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER 4138 CL HA 12/15/2027 12/01/2012 17,919.03 18,084.37 18,006.12 (78.25)1.250 1.244 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3137AYCE9 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K025 CL A2 10/25/2022 02/01/2013 99,568.05 100,116.88 100,878.37 761.49 2.682 2.647 N/A AAA 240907020 RCTC 2017 TIFIA RAMP UP FD 3137AYSH5 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER 4165 CL TE 12/15/2042 02/01/2013 106,177.17 108,289.63 106,746.28 (1,543.07)1.750 1.741 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3137B1U75 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K S01 CL A2 01/25/2023 05/07/2013 95,068.38 93,456.72 95,929.70 2,472.98 2.522 3.195 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3137B2Z78 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER 4221 CL GA 07/15/2023 06/01/2013 20,514.10 20,554.07 20,544.87 (9.20)1.400 1.398 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3137B3NW4 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K031 CL A1 09/25/2022 08/01/2013 20,941.62 20,761.65 21,098.68 337.03 2.778 2.757 N/A AAA 240907020 RCTC 2017 TIFIA RAMP UP FD 3137B6DF5 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER 4272 CL YG 11/15/2026 11/01/2013 51,033.38 51,794.33 51,629.45 (164.88)2.000 1.977 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3137B7YY9 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K037 CL A2 01/25/2024 03/01/2014 209,000.00 220,799.42 218,331.85 (2,467.57)3.490 3.341 AAA N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3137B84S3 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER 4305 CL CT 02/15/2029 02/01/2014 28,693.08 28,334.42 29,033.09 698.67 2.000 1.977 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3137B9RN7 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER 4328 CL EA 12/15/2027 04/01/2014 53,817.04 54,622.93 54,955.81 332.89 2.500 2.448 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3137BDCW4 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K039 CL A2 07/25/2024 09/01/2014 175,000.00 186,259.20 183,664.25 (2,594.95)3.303 3.147 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3137BFE80 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K041 CL A1 08/25/2024 12/01/2014 66,710.64 68,616.14 68,192.95 (423.19)2.720 2.661 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3137BJQ71 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER KPLB CL A 05/25/2025 06/01/2015 150,000.00 159,646.01 156,988.50 (2,657.51)2.770 2.647 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3137BLW87 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K050 CL A1 01/25/2025 11/01/2015 172,375.70 179,162.18 177,584.89 (1,606.92)2.802 2.720 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3137BQBY2 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER KY22 CL A1 05/25/2022 06/01/2016 17,079.64 17,095.37 17,095.35 (0.02)2.183 2.181 AAA N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3137EADB2 US TREAS & AGENCY OBLIGATIONS F H L M C M T N 2.375 01/13/2022 01/13/2022 01/13/2012 400,000.00 400,093.54 400,260.00 166.46 2.375 2.373 AA+AAA 240907020 RCTC 2017 TIFIA RAMP UP FD 3138EJPZ5 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #AL2239 07/01/2022 08/01/2012 1,218.34 1,222.10 1,218.25 (3.85)3.023 3.370 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3138EQRJ3 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #AL7688 11/01/2030 11/01/2015 165,782.40 175,567.21 175,598.38 31.17 3.500 3.304 240907020 RCTC 2017 TIFIA RAMP UP FD 3138ETQP4 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #AL8561 06/01/2031 05/01/2016 32,526.85 34,687.22 34,811.86 124.64 3.500 3.270 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3138WEMJ5 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #AS4860 05/01/2030 04/01/2015 183,218.40 190,487.46 190,636.91 149.45 2.500 2.403 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 31392J6N4 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2003 23 CL EQ 04/25/2023 03/01/2003 68,422.64 68,607.97 69,758.93 1,150.96 5.500 5.395 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3140J8ME0 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT UMBS POOL #BM3956 12/01/2032 05/01/2018 23,726.79 25,012.26 24,977.19 (35.07)3.000 2.850 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3140X4H90 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT UMBS POOL #FM1155 06/01/2032 06/01/2019 168,955.02 176,391.07 174,993.47 (1,393.97)2.500 2.414 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3140X7LS6 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #FM3936 08/01/2035 07/01/2020 94,624.08 98,865.42 97,800.61 (1,064.81)2.500 2.419 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 3140X9VK8 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #FM6017 02/01/2035 02/01/2021 75,734.20 80,359.24 79,292.19 (1,067.05)3.000 2.865 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 31418CDH4 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT POOL #MA2803 11/01/2031 10/01/2016 34,913.03 36,363.95 36,133.94 (230.01)2.500 2.416 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 31418D7K2 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT UMBS POOL #MA4497 11/01/2036 11/01/2021 407,086.15 415,881.18 417,141.18 1,260.00 2.000 1.952 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 31418DSA1 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT UMBS POOL #MA4112 08/01/2035 07/01/2020 71,006.70 74,203.68 75,125.80 922.12 3.000 2.836 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 31418DVU3 US TREAS & AGENCY OBLIGATIONS F N M A PARTN CERT UMBS POOL #MA4226 12/01/2030 12/01/2020 196,044.36 202,110.55 200,886.66 (1,223.89)2.000 1.952 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 36176XQB8 US TREAS & AGENCY OBLIGATIONS G N M A PARTN CERT POOL #779250 05/15/2027 05/01/2012 135,147.33 139,628.26 141,076.24 1,448.64 3.000 2.874 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 36179NAJ7 US TREAS & AGENCY OBLIGATIONS G N M A I I PASS THRU CERT POOL #MA0909 04/20/2028 04/01/2013 9,945.80 10,284.57 10,297.28 12.71 3.000 2.898 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 36179NHK7 US TREAS & AGENCY OBLIGATIONS G N M A I I PARTN CERT POOL #MA1134 07/20/2028 07/01/2013 71,292.24 73,069.28 74,508.95 1,439.67 3.000 2.870 240907020 RCTC 2017 TIFIA RAMP UP FD 36179NKP2 US TREAS & AGENCY OBLIGATIONS G N M A II PARTN CERT POOL #MA1202 08/20/2028 08/01/2013 20,588.98 21,268.94 21,284.48 15.54 2.500 2.418 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 36202F2H8 US TREAS & AGENCY OBLIGATIONS G N M A I I PASS THRU CERT POOL #005276 01/20/2027 01/01/2012 14,989.41 15,162.26 15,661.39 499.13 3.000 2.871 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 36202F3H7 US TREAS & AGENCY OBLIGATIONS G N M A I I PASS THRU CERT POOL #005300 02/20/2027 02/01/2012 16,619.64 17,078.56 17,365.20 286.64 3.000 2.871 N/A N/A Page 56 of 102 94 Source Account Account CUSIP Asset Category Name Asset Name 1 Asset Name 2 Maturity Date Issue Date Shares/Par Book Value Call Date Market Value Unrealized Gain/Loss Coupon Yield S&P Rating Moody Rating 2017 Financing STAMP Portfolio by Account for quarter ended December 31, 2021 240907020 RCTC 2017 TIFIA RAMP UP FD 38375XCM4 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2008 47 CL PC 11/16/2037 06/01/2008 1,835.79 1,864.68 1,841.00 (23.68)5.000 4.986 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 38376T5Z1 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2010 4 CL PD 01/16/2039 01/01/2010 26,001.85 26,818.10 26,773.84 (44.26)3.000 2.913 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 38376V2E6 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2010 19 CL UA 07/16/2039 02/01/2010 10,937.06 11,195.58 11,350.81 155.23 4.000 3.854 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 38377LFC7 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2010 116 CL NE 12/20/2039 09/01/2010 4,319.96 4,357.41 4,333.61 (23.80)2.500 2.492 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 38377QKH9 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2011 18 CL PG 08/20/2040 02/01/2011 5,564.03 5,623.46 5,650.77 27.31 3.000 2.954 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 38378HAU0 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2012 96 CL AD 08/20/2027 08/01/2012 39,288.79 39,758.99 39,520.99 (238.00)1.500 1.491 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 38378JZD7 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2013 47 CL EC 12/20/2040 03/01/2013 7,432.62 7,339.71 7,477.96 138.25 1.500 1.491 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 38378VC45 US TREAS & AGENCY OBLIGATIONS G N M A GTD R E M I C PASS THRU C M O SER 2013 116 CL MA 12/16/2041 08/01/2013 26,368.71 25,416.96 26,873.67 1,456.71 2.250 2.208 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 912828H86 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 1.500 01/31/2022 01/31/2022 02/02/2015 1,225,000.00 1,226,453.62 1,226,347.50 (106.12)1.500 1.498 N/A AAA 240907020 RCTC 2017 TIFIA RAMP UP FD 912828J43 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 1.750 02/28/2022 02/28/2022 03/02/2015 1,365,000.00 1,368,632.70 1,368,576.30 (56.40)1.750 1.745 N/A AAA 240907020 RCTC 2017 TIFIA RAMP UP FD 912828L57 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 1.750 09/30/2022 09/30/2022 09/30/2015 725,000.00 727,010.39 732,728.50 6,042.43 1.750 1.732 N/A AAA 240907020 RCTC 2017 TIFIA RAMP UP FD 912828YK0 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 1.375 10/15/2022 10/15/2022 10/15/2019 815,000.00 815,393.38 821,560.75 6,167.37 1.375 1.364 N/A AAA 240907020 RCTC 2017 TIFIA RAMP UP FD 912828YY0 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 1.750 12/31/2024 12/31/2024 12/31/2019 615,000.00 636,451.42 629,028.15 (7,423.27)1.750 1.711 N/A N/A 240907020 RCTC 2017 TIFIA RAMP UP FD 912828ZD5 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 0.500 03/15/2023 03/15/2023 03/16/2020 865,000.00 868,410.52 865,337.35 (3,073.17)0.500 0.500 N/A AAA 240907020 RCTC 2017 TIFIA RAMP UP FD 912828ZF0 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 0.500 03/31/2025 03/31/2025 03/31/2020 705,000.00 703,292.58 693,297.00 (9,995.58)0.500 0.508 N/A AAA 240907020 RCTC 2017 TIFIA RAMP UP FD 912828ZP8 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 0.125 05/15/2023 05/15/2023 05/15/2020 855,000.00 853,286.72 850,092.30 (3,194.42)0.125 0.126 N/A AAA 240907020 RCTC 2017 TIFIA RAMP UP FD 91282CAP6 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 0.125 10/15/2023 10/15/2023 10/15/2020 1,100,000.00 1,097,732.83 1,089,000.00 (8,732.83)0.125 0.126 N/A AAA 240907020 RCTC 2017 TIFIA RAMP UP FD 91282CBA8 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 0.125 12/15/2023 12/15/2023 12/15/2020 670,000.00 667,600.78 662,308.40 (5,292.38)0.125 0.126 N/A AAA 240907020 RCTC 2017 TIFIA RAMP UP FD 91282CCG4 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 0.250 06/15/2024 06/15/2024 06/15/2021 550,000.00 547,550.78 541,898.50 (5,652.28)0.250 0.254 N/A AAA 240907020 RCTC 2017 TIFIA RAMP UP FD 91282CCQ2 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 07/31/2023 VAR 07/31/2023 07/31/2021 1,040,000.00 1,040,108.44 1,040,156.00 47.56 VAR 0.000 N/A AAA 15,573,942.36 15,618,142.83 (39,054.19) Page 57 of 102 95 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/01/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 770.40 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/01/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (770.40)- - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/01/2021 196479G29 INTEREST EARNED ON COLORADO ST HSG FI 0.07301% 4/01/40 $1 PV ON 500000.0000 SHARES DUE 10/1/2021 - - 183.01 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/01/2021 10/01/2021 10/01/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (459,408.94)1.00 459,408.94 (459,408.94)- - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/01/2021 31846V203 INTEREST EARNED ON FIRST AM GOVT OB FD CL Y UNIT ON 0.0000 SHARES DUE 9/30/2021 INTEREST FROM 9/1/21 TO 9/30/21 - - 23.13 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/01/2021 842400HC0 INTEREST EARNED ON SOUTHERN CA EDISON 0.89867% 4/01/24 $1 PV ON 220000.0000 SHARES DUE 10/1/2021 - - 494.76 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/01/2021 09/30/2021 10/01/2021 91282CCQ2 PURCHASED PAR VALUE OF U S TREASURY NT 0.00001% 7/31/23 /NWSCUS33 DEUTSCHE BK SECS NY/460,000 PAR VALUE AT 100.00556304 % 460,000.00 1.00 (460,025.59)460,025.59 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/01/2021 10/01/2021 91282CCQ2 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 0.00001% 7/31/23 - - (61.12)- - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/04/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (45.59)- - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/04/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 45.59 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/04/2021 09/30/2021 09/30/2021 3134GXJF2 SOLD PAR VALUE OF F H L M C M T N 0.200% 12/30/22 /CALLS/9/30/2021 FULL CALL @ PAR (405,000.00)1.00 405,000.00 (404,989.88)10.12 - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/04/2021 10/04/2021 10/04/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 405,000.00 1.00 (405,000.00)405,000.00 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/04/2021 10/04/2021 10/04/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 525,023.13 1.00 (525,023.13)525,023.13 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/04/2021 10/04/2021 10/04/2021 64587AX41 MATURED PAR VALUE OF NEW JERSEY NAT GAS CO C P 10/04/21 525,000 PAR VALUE AT 100 % (525,000.00)1.00 524,977.54 (524,977.54)- - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/04/2021 64587AX41 INTEREST EARNED ON NEW JERSEY NAT GAS CO C P 10/04/21 $1 PV ON 525000.0000 SHARES DUE 10/4/2021 525,000 PAR VALUE AT 100 % - - 22.46 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/06/2021 14913R2E6 INTEREST EARNED ON CATERPILLAR MTN 0.00001% 1/06/22 $1 PV ON 500000.0000 SHARES DUE 10/6/2021 - - 457.29 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/06/2021 10/05/2021 10/06/2021 26055AZV1 PURCHASED PAR VALUE OF DOW CHEM CO DISC COML C P 12/29/21 /BARCUS3B BARCLAYS CAP WHIPPANY/550,000 PAR VALUE AT 99.95333273 % 550,000.00 1.00 (549,743.33)549,743.33 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/06/2021 10/06/2021 10/06/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 687.09 1.00 (687.09)687.09 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/06/2021 10/06/2021 10/06/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (549,743.33)1.00 549,743.33 (549,743.33)- - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/06/2021 45866FAR5 INTEREST EARNED ON INTERCONTINENTAL 0.76888% 6/15/23 $1 PV ON 900000.0000 SHARES DUE 9/27/2021 ACCRUED INTEREST ON 9/27/2021 FULL CALL - - 229.80 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/07/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 687.09 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/07/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (687.09)- - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/08/2021 14687AAM0 INTEREST EARNED ON CARVANA AUTO REC 0.280% 11/08/23 $1 PV ON 65.4300 SHARES DUE 10/8/2021 $0.00023/PV ON 280,413.93 PV DUE 10/ 8/21 - - 65.43 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/08/2021 14687AAM0 AMORTIZED PREMIUM ON CARVANA AUTO REC 0.280% 11/08/23 CURRENT YEAR AMORTIZATION - - - (0.38)- - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/08/2021 10/08/2021 10/08/2021 14687AAM0 PAID DOWN PAR VALUE OF CARVANA AUTO REC 0.280% 11/08/23 (49,456.69)-49,456.69 (49,455.69)1.00 - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/08/2021 10/08/2021 10/08/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 49,522.12 1.00 (49,522.12)49,522.12 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/12/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (65.43)- - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/12/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 65.43 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/12/2021 10/10/2021 10/12/2021 14687BAF3 PAID DOWN PAR VALUE OF CARVANA AUTO RECB 0.280% 3/10/24 (34,760.65)-34,760.65 (34,768.00)(7.35)- 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/12/2021 14687BAF3 INTEREST EARNED ON CARVANA AUTO RECB 0.280% 3/10/24 $1 PV ON 68.2600 SHARES DUE 10/10/2021 $0.00023/PV ON 292,548.79 PV DUE 10/10/21 - - 68.26 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/12/2021 14687BAF3 AMORTIZED PREMIUM ON CARVANA AUTO RECB 0.280% 3/10/24 CURRENT YEAR AMORTIZATION - - - (4.16)- - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/12/2021 22535CZP9 INTEREST EARNED ON CREDIT AGRICOLE C D 0.130% 10/12/21 $1 PV ON 700000.0000 SHARES DUE 10/12/2021 INTEREST ON 10/12/2021 MATURITY - - 386.75 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/12/2021 10/12/2021 10/12/2021 22535CZP9 MATURED PAR VALUE OF CREDIT AGRICOLE C D 0.130% 10/12/21 700,000 PAR VALUE AT 100 % (700,000.00)1.00 700,000.00 (700,000.00)- - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/12/2021 22535CZP9 AMORTIZED PREMIUM ON CREDIT AGRICOLE C D 0.130% 10/12/21 CURRENT YEAR AMORTIZATION - - - (32.06)- - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/12/2021 10/12/2021 10/12/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 700,000.00 1.00 (700,000.00)700,000.00 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/12/2021 10/12/2021 10/12/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 35,215.66 1.00 (35,215.66)35,215.66 - - Quarter ended December 31, 2021 2017 Financing STAMP Portfolio Transaction Report by Account Page 58 of 102 ATTACHMENT 7 96 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 2017 Financing STAMP Portfolio Transaction Report by Account 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/13/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 695.84 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/13/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (695.84) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/13/2021 10/13/2021 10/13/2021 02665JXD7 MATURED PAR VALUE OF AMERICAN HONDA FIN CORP C P 10/13/21 600,000 PAR VALUE AT 100 % (600,000.00) 1.00 599,759.17 (599,759.17) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/13/2021 02665JXD7 INTEREST EARNED ON AMERICAN HONDA FIN CORP C P 10/13/21 $1 PV ON 600000.0000 SHARES DUE 10/13/2021 600,000 PAR VALUE AT 100 % - - 240.83 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/13/2021 10/12/2021 10/13/2021 02665KAA5 PURCHASED PAR VALUE OF AMERICAN HONDA FIN CORP C P 1/10/22 /JPMSUS3X JP MORGAN SEC NY/600,000 PAR VALUE AT 99.9555 % 600,000.00 1.00 (599,733.00) 599,733.00 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/13/2021 10/13/2021 10/13/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 700,267.00 1.00 (700,267.00) 700,267.00 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/13/2021 10/13/2021 10/13/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 570.30 1.00 (570.30) 570.30 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/13/2021 459058JQ7 INTEREST EARNED ON INTL BK 0.00001% 1/13/23 $1 PV ON 205000.0000 SHARES DUE 10/13/2021 - - 94.30 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/13/2021 60710RLW3 INTEREST EARNED ON MIZUHO BK LTD C D 0.160% 10/13/21 $1 PV ON 700000.0000 SHARES DUE 10/13/2021 INTEREST ON 10/13/2021 MATURITY - - 476.00 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/13/2021 10/13/2021 10/13/2021 60710RLW3 MATURED PAR VALUE OF MIZUHO BK LTD C D 0.160% 10/13/21 700,000 PAR VALUE AT 100 % (700,000.00) 1.00 700,000.00 (700,000.00) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/13/2021 60710RLW3 AMORTIZED PREMIUM ON MIZUHO BK LTD C D 0.160% 10/13/21 CURRENT YEAR AMORTIZATION - - - (52.86) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/14/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (570.30) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/14/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 570.30 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/14/2021 10/14/2021 10/14/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (699,711.25) 1.00 699,711.25 (699,711.25) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/14/2021 10/13/2021 10/14/2021 63616JYG1 PURCHASED PAR VALUE OF NATIONAL FUEL GAS CO C P 11/16/21 /GOLDUS33 GOLDMAN SACHS NY/700,000 PAR VALUE AT 99.95875 % 700,000.00 1.00 (699,711.25) 699,711.25 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/15/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 2,245.65 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/15/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (2,245.65) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/15/2021 12597PAB4 INTEREST EARNED ON CNH EQUIPMENT TRUS 1.08006% 7/17/23 $1 PV ON 17.3600 SHARES DUE 10/15/2021 $0.00090/PV ON 19,292.08 PV DUE 10/15/21 - - 17.36 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/15/2021 10/15/2021 10/15/2021 12597PAB4 PAID DOWN PAR VALUE OF CNH EQUIPMENT TRUS 1.08006% 7/17/23 (8,286.45) - 8,286.45 (8,286.00) - 0.45 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/15/2021 12597PAC2 INTEREST EARNED ON CNH EQUIPMENT TRUST 1.160% 6/16/25 $1 PV ON 96.6700 SHARES DUE 10/15/2021 $0.00097/PV ON 100,000.00 PV DUE 10/15/21 - - 96.67 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/15/2021 12597PAC2 AMORTIZED PREMIUM ON CNH EQUIPMENT TRUST 1.160% 6/16/25 CURRENT YEAR AMORTIZATION - - - (47.35) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/15/2021 12598AAB6 INTEREST EARNED ON CNH EQUIPMENT 0.230% 3/15/24 $1 PV ON 228137.3600 SHARES DUE 10/15/2021 - - 24,001.26 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/15/2021 14042WAC4 AMORTIZED PREMIUM ON CAPITAL ONE PRIME 2.510% 11/15/23 CURRENT YEAR AMORTIZATION - - - (59.24) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/15/2021 14042WAC4 INTEREST EARNED ON CAPITAL ONE PRIME 2.510% 11/15/23 $1 PV ON 196.5300 SHARES DUE 10/15/2021 $0.00209/PV ON 93,956.29 PV DUE 10/15/21 - - 196.53 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/15/2021 10/15/2021 10/15/2021 14042WAC4 PAID DOWN PAR VALUE OF CAPITAL ONE PRIME 2.510% 11/15/23 (9,909.40) - 9,909.40 (9,989.17) (79.77) - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/15/2021 14315XAC2 INTEREST EARNED ON CARMAX AUTO OWNER 1.890% 12/16/24 $1 PV ON 126.0000 SHARES DUE 10/15/2021 $0.00158/PV ON 80,000.00 PV DUE 10/15/21 - - 126.00 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/15/2021 14315XAC2 AMORTIZED PREMIUM ON CARMAX AUTO OWNER 1.890% 12/16/24 CURRENT YEAR AMORTIZATION - - - (55.79) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/15/2021 10/15/2021 10/15/2021 14316NAB5 PAID DOWN PAR VALUE OF CARMAX AUTO OWNER 0.220% 2/15/24 (13,136.82) - 13,136.82 (13,136.82) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/15/2021 14316NAB5 INTEREST EARNED ON CARMAX AUTO OWNER 0.220% 2/15/24 $1 PV ON 21.4500 SHARES DUE 10/15/2021 $0.00018/PV ON 116,980.83 PV DUE 10/15/21 - - 21.45 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/15/2021 21684LC59 INTEREST EARNED ON COOPERATIEVE C D 0.14195% 6/15/22 $1 PV ON 375000.0000 SHARES DUE 10/15/2021 - - 43.75 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/15/2021 233854AC2 INTEREST EARNED ON DAIMLER TRUCKS 1.220% 9/15/23 $1 PV ON 149.7200 SHARES DUE 10/15/2021 $0.00102/PV ON 147,268.46 PV DUE 10/15/21 - - 149.72 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/15/2021 10/15/2021 10/15/2021 233854AC2 PAID DOWN PAR VALUE OF DAIMLER TRUCKS 1.220% 9/15/23 (12,406.06) - 12,406.06 (12,459.86) (53.80) - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/15/2021 233854AC2 AMORTIZED PREMIUM ON DAIMLER TRUCKS 1.220% 9/15/23 CURRENT YEAR AMORTIZATION - - - (57.02) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/15/2021 10/15/2021 10/15/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (540,589.15) 1.00 540,589.15 (540,589.15) - - Page 59 of 10297 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 2017 Financing STAMP Portfolio Transaction Report by Account 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/15/2021 10/15/2021 10/15/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (170,980.94) 1.00 170,980.94 (170,980.94) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/15/2021 10/15/2021 10/15/2021 34528DAD5 PAID DOWN PAR VALUE OF FORD CREDIT AUTO 2.220% 10/15/22 (118,034.68) - 118,034.68 (118,346.26) (311.58) - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/15/2021 34528DAD5 INTEREST EARNED ON FORD CREDIT AUTO 2.220% 10/15/22 $1 PV ON 218.8200 SHARES DUE 10/15/2021 $0.00185/PV ON 118,282.83 PV DUE 10/15/21 - - 218.82 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/15/2021 34528DAD5 AMORTIZED PREMIUM ON FORD CREDIT AUTO 2.220% 10/15/22 CURRENT YEAR AMORTIZATION - - - (25.66) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/15/2021 58769EAC2 INTEREST EARNED ON MERCEDES BENZ AUTO 0.400% 11/15/23 $1 PV ON 113.3300 SHARES DUE 10/15/2021 $0.00033/PV ON 340,000.00 PV DUE 10/15/21 - - 113.33 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/15/2021 58769EAC2 AMORTIZED PREMIUM ON MERCEDES BENZ AUTO 0.400% 11/15/23 CURRENT YEAR AMORTIZATION - - - (20.48) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/15/2021 10/15/2021 10/15/2021 64587AXR0 PURCHASED PAR VALUE OF NEW JERSEY NAT GAS CO C P 10/25/21 /BOFA SECURITIES, INC./FXD INC/600,000 PAR VALUE AT 99.99611167 % 600,000.00 1.00 (599,976.67) 599,976.67 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/15/2021 10/14/2021 10/15/2021 64986MJ63 PURCHASED PAR VALUE OF NEW YORK ST HSG 0.08904% 11/15/36 /JPMSUS3X JP MORGAN SEC NY/100,000 PAR VALUE AT 100 % 100,000.00 1.00 (100,000.00) 100,000.00 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/15/2021 65474VAQ4 AMORTIZED PREMIUM ON NISSAN MASTER 0.75905% 2/15/24 CURRENT YEAR AMORTIZATION - - - (93.07) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/15/2021 65474VAQ4 INTEREST EARNED ON NISSAN MASTER 0.75905% 2/15/24 $1 PV ON 332.6000 SHARES DUE 10/15/2021 $0.00054/PV ON 620,000.00 PV DUE 10/15/21 - - 332.60 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/15/2021 65474VAS0 AMORTIZED PREMIUM ON NISSAN MASTER OWNE 0.53759% 11/15/23 CURRENT YEAR AMORTIZATION - - - (10.29) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/15/2021 65474VAS0 INTEREST EARNED ON NISSAN MASTER OWNE 0.53759% 11/15/23 $1 PV ON 74.9200 SHARES DUE 10/15/2021 $0.00043/PV ON 175,000.00 PV DUE 10/15/21 - - 74.92 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/15/2021 86565C6K0 INTEREST EARNED ON SUMITOMO C D 0.15179% 3/15/22 $1 PV ON 800000.0000 SHARES DUE 10/15/2021 - - 100.00 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/15/2021 10/15/2021 976904MZ2 PAID ACCRUED INTEREST ON PURCHASE OF WISCONSIN HSG 0.080% 5/01/30 - - (70.75) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/15/2021 10/14/2021 10/15/2021 976904MZ2 PURCHASED PAR VALUE OF WISCONSIN HSG 0.080% 5/01/30 /JPMSUS3X JP MORGAN SEC NY/235,000 PAR VALUE AT 100 % 235,000.00 1.00 (235,000.00) 235,000.00 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/15/2021 98161TAF2 INTEREST EARNED ON WORLD OMNI AUTO TR 2.370% 5/15/24 $1 PV ON 869.0000 SHARES DUE 10/15/2021 $0.00198/PV ON 440,000.00 PV DUE 10/15/21 - - 869.00 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/15/2021 98161TAF2 AMORTIZED PREMIUM ON WORLD OMNI AUTO TR 2.370% 5/15/24 CURRENT YEAR AMORTIZATION - - - (123.86) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/15/2021 98162HAC4 AMORTIZED PREMIUM ON WORLD OMNI 1.700% 1/15/23 CURRENT YEAR AMORTIZATION - - - (42.99) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/15/2021 98162HAC4 INTEREST EARNED ON WORLD OMNI 1.700% 1/15/23 $1 PV ON 106.2500 SHARES DUE 10/15/2021 $0.00142/PV ON 75,000.00 PV DUE 10/15/21 - - 106.25 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/18/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (24,218.88) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/18/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 24,218.88 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/18/2021 26209AAE1 INTEREST EARNED ON DRIVE AUTO 2.230% 1/16/24 $1 PV ON 67.6200 SHARES DUE 10/15/2021 $0.00186/PV ON 36,387.39 PV DUE 10/15/21 - - 67.62 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/18/2021 10/15/2021 10/18/2021 26209AAE1 PAID DOWN PAR VALUE OF DRIVE AUTO 2.230% 1/16/24 (36,387.39) - 36,387.39 (36,382.43) - 4.96 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/18/2021 10/18/2021 10/18/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 13,798.72 1.00 (13,798.72) 13,798.72 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/18/2021 36258MAF1 INTEREST EARNED ON GM FIN CONS ATMB 2.040% 2/18/25 $1 PV ON 510.0000 SHARES DUE 10/16/2021 $0.00170/PV ON 300,000.00 PV DUE 10/16/21 - - 510.00 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/18/2021 36258MAF1 AMORTIZED PREMIUM ON GM FIN CONS ATMB 2.040% 2/18/25 CURRENT YEAR AMORTIZATION - - - (325.52) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/18/2021 10/16/2021 10/18/2021 38013FAD3 PAID DOWN PAR VALUE OF GM FINANCIAL 3.210% 10/16/23 (11,825.03) - 11,825.03 (11,875.15) - (50.12) 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/18/2021 38013FAD3 INTEREST EARNED ON GM FINANCIAL 3.210% 10/16/23 $1 PV ON 244.9400 SHARES DUE 10/16/2021 $0.00268/PV ON 91,566.74 PV DUE 10/16/21 - - 244.94 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/18/2021 38013FAD3 AMORTIZED PREMIUM ON GM FINANCIAL 3.210% 10/16/23 CURRENT YEAR AMORTIZATION - - - (31.64) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/19/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 754.94 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/19/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (754.94) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/20/2021 CASH DISBURSEMENT PAID TO RIVERSIDE CNTY TRANS COMM MISCELLANEOUS PAYMENT AGMARSH - PMT. OF REQ. CERTIFICATE NO. 14 - - (3,515,566.88) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/20/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (12,362.50) - - - Page 60 of 10298 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 2017 Financing STAMP Portfolio Transaction Report by Account 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/20/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 12,362.50 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/20/2021 10/20/2021 10/20/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 925,304.50 1.00 (925,304.50) 925,304.50 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/20/2021 10/20/2021 10/20/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (3,453,749.36) 1.00 3,453,749.36 (3,453,749.36) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/20/2021 10/20/2021 10/20/2021 362569AA3 PAID DOWN PAR VALUE OF GM FIN AUTO LEASE 0.35001% 11/21/22 (42,402.34) - 42,402.34 (42,420.75) (18.41) - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/20/2021 362569AA3 INTEREST EARNED ON GM FIN AUTO LEASE 0.35001% 11/21/22 $1 PV ON 55.1400 SHARES DUE 10/20/2021 $0.00029/PV ON 189,047.22 PV DUE 10/20/21 - - 55.14 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/20/2021 362569AA3 AMORTIZED PREMIUM ON GM FIN AUTO LEASE 0.35001% 11/21/22 CURRENT YEAR AMORTIZATION - - - (6.20) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/20/2021 10/20/2021 10/20/2021 36259PAB2 PAID DOWN PAR VALUE OF GM FIN AUTO LEASE 0.71011% 10/20/22 (19,320.10) - 19,320.10 (19,344.98) (24.88) - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/20/2021 36259PAB2 INTEREST EARNED ON GM FIN AUTO LEASE 0.71011% 10/20/22 $1 PV ON 39.9400 SHARES DUE 10/20/2021 $0.00059/PV ON 67,503.68 PV DUE 10/20/21 - - 39.94 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/20/2021 36259PAB2 AMORTIZED PREMIUM ON GM FIN AUTO LEASE 0.71011% 10/20/22 CURRENT YEAR AMORTIZATION - - - (7.15) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/20/2021 10/18/2021 10/20/2021 38141GGS7 SOLD PAR VALUE OF GOLDMAN SACHS GROUP 5.750% 1/24/22 /GOLDUS33 GOLDMAN SACHS NY/900,000 PAR VALUE AT 101.438 % (900,000.00) 1.01 912,942.00 (912,501.37) - 440.63 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/20/2021 10/20/2021 38141GGS7 RECEIVED ACCRUED INTEREST ON SALE OF GOLDMAN SACHS GROUP 5.750% 1/24/22 - - 12,362.50 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/20/2021 38141GGS7 AMORTIZED PREMIUM ON GOLDMAN SACHS GROUP 5.750% 1/24/22 CURRENT YEAR AMORTIZATION - - - (11,439.36) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/21/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 11,622.88 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/21/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (11,622.88) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/21/2021 10/21/2021 10/21/2021 06051GFZ7 BOND CALLED PAR VALUE OF BANK OF AMERICA MTN 2.503% 10/21/22 /CALLS/10/21/2021 FULL CALL @ PAR (920,000.00) 1.00 920,000.00 (920,000.00) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/21/2021 06051GFZ7 INTEREST EARNED ON BANK OF AMERICA MTN 2.503% 10/21/22 $1 PV ON 920000.0000 SHARES DUE 10/21/2021 - - 11,513.80 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/21/2021 06051GFZ7 AMORTIZED PREMIUM ON BANK OF AMERICA MTN 2.503% 10/21/22 CURRENT YEAR AMORTIZATION - - - (9,837.77) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/21/2021 10/21/2021 10/21/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 611,504.47 1.00 (611,504.47) 611,504.47 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/21/2021 10/21/2021 10/21/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 920,000.00 1.00 (920,000.00) 920,000.00 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/21/2021 10/20/2021 10/21/2021 64587AXR0 SOLD PAR VALUE OF NEW JERSEY NAT GAS CO C P 10/25/21 /MTGSUS6SFIC BOFA SECS NEW YORK/600,000 PAR VALUE AT 99.998445 % (600,000.00) 1.00 599,976.67 (599,976.67) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/21/2021 64587AXR0 INTEREST EARNED ON NEW JERSEY NAT GAS CO C P 10/25/21 $1 PV ON 600000.0000 SHARES DUE 10/20/2021 600,000 PAR VALUE AT 99.998445 % - - 14.00 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/22/2021 10/20/2021 10/22/2021 14313FAD1 PURCHASED PAR VALUE OF CARMAX AUTO OWNER 3.130% 6/15/23 /MTGSUS6SFIC BOFA SECS NEW YORK/331,954.61 PAR VALUE AT 100.59765674 % 331,954.61 1.01 (333,938.56) 333,938.56 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/22/2021 10/22/2021 14313FAD1 PAID ACCRUED INTEREST ON PURCHASE OF CARMAX AUTO OWNER 3.130% 6/15/23 - - (202.03) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/22/2021 10/22/2021 10/22/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (1,274,432.27) 1.00 1,274,432.27 (1,274,432.27) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/22/2021 10/22/2021 10/22/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (999,972.78) 1.00 999,972.78 (999,972.78) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/22/2021 10/22/2021 61744YAQ1 PAID ACCRUED INTEREST ON PURCHASE OF MORGAN STANLEY 3.737% 4/24/24 - - (7,945.28) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/22/2021 10/20/2021 10/22/2021 61744YAQ1 PURCHASED PAR VALUE OF MORGAN STANLEY 3.737% 4/24/24 /US BANCORP INVESTMENTS INC./430,000 PAR VALUE AT 104.548 % 430,000.00 1.05 (449,556.40) 449,556.40 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/22/2021 10/22/2021 10/22/2021 64587AXV1 PURCHASED PAR VALUE OF NEW JERSEY NAT GAS CO C P 10/29/21 /WELLS FARGO SECURITIES, LLC/1,000,000 PAR VALUE AT 99.997278 % 1,000,000.00 1.00 (999,972.78) 999,972.78 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/22/2021 10/20/2021 10/22/2021 95000U2C6 PURCHASED PAR VALUE OF WELLS FARGO MTN 3.750% 1/24/24 /NATIONAL FINANCIAL SERVICES CO/450,000 PAR VALUE AT 106.37 % 450,000.00 1.06 (478,665.00) 478,665.00 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/22/2021 10/22/2021 95000U2C6 PAID ACCRUED INTEREST ON PURCHASE OF WELLS FARGO MTN 3.750% 1/24/24 - - (4,125.00) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/25/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (4,468.72) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/25/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 4,468.72 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/25/2021 10/25/2021 10/25/2021 3137B36H6 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.839% 10/25/22 CMO FINAL PAYDOWN (39,199.78) - 39,199.78 (39,519.27) - (319.49) 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/25/2021 3137B36H6 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.839% 10/25/22 CURRENT YEAR AMORTIZATION - - - (26.26) - - Page 61 of 10299 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 2017 Financing STAMP Portfolio Transaction Report by Account 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/25/2021 3137B7YX1 INTEREST EARNED ON F H L M C MLTCL MTG 2.592% 4/25/23 $1 PV ON 639.0900 SHARES DUE 10/25/2021 $0.00216/PV ON 295,874.20 PV DUE 10/25/21 - - 639.09 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/25/2021 10/25/2021 10/25/2021 3137B7YX1 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.592% 4/25/23 (16,255.50) - 16,255.50 (16,367.06) (40.36) (71.20) 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/25/2021 3137B7YX1 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.592% 4/25/23 CURRENT YEAR AMORTIZATION - - - (111.37) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/25/2021 10/25/2021 10/25/2021 3137BC2N7 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.364% 2/25/23 (752.61) - 752.61 (758.99) (6.38) - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/25/2021 3137BC2N7 INTEREST EARNED ON F H L M C MLTCL MTG 2.364% 2/25/23 $1 PV ON 266.2400 SHARES DUE 10/25/2021 $0.00197/PV ON 135,149.27 PV DUE 10/25/21 - - 266.24 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/25/2021 3137BC2N7 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.364% 2/25/23 CURRENT YEAR AMORTIZATION - - - (70.39) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/25/2021 10/25/2021 10/25/2021 3137FQXG3 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 0.44847% 7/25/24 (273,482.98) - 273,482.98 (273,482.98) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/25/2021 3137FQXG3 INTEREST EARNED ON F H L M C MLTCL MT 0.44847% 7/25/24 $1 PV ON 197.6900 SHARES DUE 10/25/2021 $0.00035/PV ON 561,453.42 PV DUE 10/25/21 - - 197.69 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/25/2021 3137G0FJ3 INTEREST EARNED ON F H L M C MLTCL 3.24015% 5/25/25 $1 PV ON 293.6700 SHARES DUE 10/25/2021 $0.00259/PV ON 113,181.30 PV DUE 10/25/21 - - 293.67 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/25/2021 10/25/2021 10/25/2021 3137G0FJ3 PAID DOWN PAR VALUE OF F H L M C MLTCL 3.24015% 5/25/25 (9,469.43) - 9,469.43 (9,591.04) (121.61) - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/25/2021 3137G0FJ3 AMORTIZED PREMIUM ON F H L M C MLTCL 3.24015% 5/25/25 CURRENT YEAR AMORTIZATION - - - (74.80) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/25/2021 10/25/2021 10/25/2021 31416BTW8 PAID DOWN PAR VALUE OF F N M A #995265 5.500% 1/01/24 SEPTEMBER FNMA DUE 10/25/21 (9,185.70) - 9,185.70 (9,271.56) - (85.86) 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/25/2021 31416BTW8 INTEREST EARNED ON F N M A #995265 5.500% 1/01/24 $1 PV ON 472.5800 SHARES DUE 10/25/2021 SEPTEMBER FNMA DUE 10/25/21 - - 472.58 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/25/2021 31416BTW8 AMORTIZED PREMIUM ON F N M A #995265 5.500% 1/01/24 CURRENT YEAR AMORTIZATION - - - (81.68) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/25/2021 10/25/2021 10/25/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (411,197.01) 1.00 411,197.01 (411,197.01) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/25/2021 10/25/2021 10/25/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 1,172,626.79 1.00 (1,172,626.79) 1,172,626.79 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/25/2021 51501HAK5 INTEREST EARNED ON LANDESBANKBADEN C D 0.240% 10/25/21 $1 PV ON 1000000.0000 SHARES DUE 10/25/2021 INTEREST ON 10/25/2021 MATURITY - - 1,773.33 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/25/2021 10/25/2021 10/25/2021 51501HAK5 MATURED PAR VALUE OF LANDESBANKBADEN C D 0.240% 10/25/21 1,000,000 PAR VALUE AT 100 % (1,000,000.00) 1.00 1,000,000.00 (1,000,000.00) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/25/2021 61744YAQ1 INTEREST EARNED ON MORGAN STANLEY 3.737% 4/24/24 $1 PV ON 430000.0000 SHARES DUE 10/24/2021 *** TAX INCOME ONLY *** - - - - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/25/2021 61744YAQ1 INTEREST EARNED ON MORGAN STANLEY 3.737% 4/24/24 $1 PV ON 430000.0000 SHARES DUE 10/24/2021 - - 8,034.55 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/25/2021 61744YAQ1 AMORTIZED PREMIUM ON MORGAN STANLEY 3.737% 4/24/24 CURRENT YEAR AMORTIZATION - - - (71.08) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/25/2021 10/25/2021 10/25/2021 71112JY16 PURCHASED PAR VALUE OF PEOPLES GAS LT COKE CO C P 11/01/21 /BOFA SECURITIES, INC./FXD INC/600,000 PAR VALUE AT 99.99825 % 600,000.00 1.00 (599,989.50) 599,989.50 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/26/2021 3137B36H6 INTEREST EARNED ON F H L M C MLTCL MTG 2.839% 10/25/22 $1 PV ON 39199.7800 SHARES DUE 10/25/2021 - - 798.64 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/26/2021 10/26/2021 10/26/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (597.49) 1.00 597.49 (597.49) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/27/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 339.97 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/27/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (339.97) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/27/2021 10/25/2021 10/27/2021 06051GFB0 PURCHASED PAR VALUE OF BANK OF AMERICA MTN 4.125% 1/22/24 /JCSIUS33 HSBC SECS USA NY/500,000 PAR VALUE AT 107.374 % 500,000.00 1.07 (536,870.00) 536,870.00 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/27/2021 10/27/2021 06051GFB0 PAID ACCRUED INTEREST ON PURCHASE OF BANK OF AMERICA MTN 4.125% 1/22/24 - - (5,442.71) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/27/2021 172967LQ2 INTEREST EARNED ON CITIGROUP INC 2.700% 10/27/22 $1 PV ON 750000.0000 SHARES DUE 10/27/2021 - - 10,125.00 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/27/2021 172967LQ2 AMORTIZED PREMIUM ON CITIGROUP INC 2.700% 10/27/22 CURRENT YEAR AMORTIZATION - - - (8,908.97) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/27/2021 10/27/2021 10/27/2021 23504MAD6 PURCHASED PAR VALUE OF DALLAS FT TX C P 0.150% 11/22/21 /JEFFERIES LLC/100,000 PAR VALUE AT 100 % 100,000.00 1.00 (100,000.00) 100,000.00 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/27/2021 10/27/2021 23504MAD6 PAID ACCRUED INTEREST ON PURCHASE OF DALLAS FT TX C P 0.150% 11/22/21 - - (26.25) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/27/2021 10/27/2021 10/27/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (100,026.25) 1.00 100,026.25 (100,026.25) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/27/2021 10/27/2021 10/27/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (1,032,264.79) 1.00 1,032,264.79 (1,032,264.79) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/27/2021 10/27/2021 38141GYL2 PAID ACCRUED INTEREST ON PURCHASE OF GOLDMAN SACHS 0.925% 10/21/24 - - (77.08) - - - Page 62 of 102100 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 2017 Financing STAMP Portfolio Transaction Report by Account 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/27/2021 10/25/2021 10/27/2021 38141GYL2 PURCHASED PAR VALUE OF GOLDMAN SACHS 0.925% 10/21/24 /BNPAUS3N BNP PARIBAS NEW YORK/500,000 PAR VALUE AT 100 % 500,000.00 1.00 (500,000.00) 500,000.00 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/28/2021 10/28/2021 13032UXJ2 PAID ACCRUED INTEREST ON PURCHASE OF CALIFORNIA HEALTH 0.417% 6/01/22 - - (289.47) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/28/2021 10/26/2021 10/28/2021 13032UXJ2 PURCHASED PAR VALUE OF CALIFORNIA HEALTH 0.417% 6/01/22 /SBSIUS33 CITIGROUP GLOBAL NY/170,000 PAR VALUE AT 100.11 % 170,000.00 1.00 (170,187.00) 170,187.00 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/28/2021 10/25/2021 10/28/2021 3137BJQ71 PURCHASED PAR VALUE OF F H L M C MLTCL MT 2.76996% 5/25/25 /HILLTOP SECURITIES INC./300,000 PAR VALUE AT 105.60156333 % 300,000.00 1.06 (316,804.69) 316,804.69 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/28/2021 10/28/2021 3137BJQ71 PAID ACCRUED INTEREST ON PURCHASE OF F H L M C MLTCL MT 2.76996% 5/25/25 - - (623.25) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/28/2021 10/28/2021 10/28/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 111,941.39 1.00 (111,941.39) 111,941.39 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/28/2021 10/26/2021 10/28/2021 80286NAF3 PURCHASED PAR VALUE OF SANTANDER DRIVE 0.750% 2/17/26 /STONEX FINANCIAL INC./BD RATES/57,000 PAR VALUE AT 100.16407018 % 57,000.00 1.00 (57,093.52) 57,093.52 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/28/2021 10/26/2021 10/28/2021 80286NAF3 PURCHASED PAR VALUE OF SANTANDER DRIVE 0.750% 2/17/26 /TORONTO DOMINION SECURITIES (U/43,000 PAR VALUE AT 100.07811628 % 43,000.00 1.00 (43,033.59) 43,033.59 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/28/2021 10/28/2021 80286NAF3 PAID ACCRUED INTEREST ON PURCHASE OF SANTANDER DRIVE 0.750% 2/17/26 - - (15.44) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/28/2021 10/28/2021 80286NAF3 PAID ACCRUED INTEREST ON PURCHASE OF SANTANDER DRIVE 0.750% 2/17/26 - - (11.65) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/28/2021 10/28/2021 10/28/2021 92780JXU0 MATURED PAR VALUE OF VIRGINIA ELEC PWR CO C P 10/28/21 700,000 PAR VALUE AT 100 % (700,000.00) 1.00 699,725.64 (699,725.64) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/28/2021 92780JXU0 INTEREST EARNED ON VIRGINIA ELEC PWR CO C P 10/28/21 $1 PV ON 700000.0000 SHARES DUE 10/28/2021 700,000 PAR VALUE AT 100 % - - 274.36 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/29/2021 10/27/2021 10/29/2021 14315FAF4 PURCHASED PAR VALUE OF CARMAX AUTO OWNER 1.090% 3/16/26 /MTGSUS6SFIC BOFA SECS NEW YORK/120,000 PAR VALUE AT 100.125 % 120,000.00 1.00 (120,150.00) 120,150.00 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/29/2021 10/29/2021 14315FAF4 PAID ACCRUED INTEREST ON PURCHASE OF CARMAX AUTO OWNER 1.090% 3/16/26 - - (50.87) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/29/2021 10/29/2021 10/29/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 482,378.59 1.00 (482,378.59) 482,378.59 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/29/2021 10/29/2021 10/29/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (549,989.31) 1.00 549,989.31 (549,989.31) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/29/2021 10/27/2021 10/29/2021 34528QHL1 PURCHASED PAR VALUE OF FORD CREDIT MSTR 0.69105% 9/15/25 /JPMSUS3X JP MORGAN SEC NY/395,000 PAR VALUE AT 100.58984304 % 395,000.00 1.01 (397,329.88) 397,329.88 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/29/2021 10/29/2021 34528QHL1 PAID ACCRUED INTEREST ON PURCHASE OF FORD CREDIT MSTR 0.69105% 9/15/25 - - (90.66) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/29/2021 10/29/2021 10/29/2021 64587AXV1 MATURED PAR VALUE OF NEW JERSEY NAT GAS CO C P 10/29/21 1,000,000 PAR VALUE AT 100 % (1,000,000.00) 1.00 999,972.78 (999,972.78) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/29/2021 64587AXV1 INTEREST EARNED ON NEW JERSEY NAT GAS CO C P 10/29/21 $1 PV ON 1000000.0000 SHARES DUE 10/29/2021 1,000,000 PAR VALUE AT 100 % - - 27.22 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 10/29/2021 10/29/2021 10/29/2021 64587AY32 PURCHASED PAR VALUE OF NEW JERSEY NAT GAS CO C P 11/03/21 /MIZUHO SECURITIES USA INC./550,000 PAR VALUE AT 99.99805636 % 550,000.00 1.00 (549,989.31) 549,989.31 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/01/2021 11/01/2021 11/01/2021 05966DB43 PURCHASED PAR VALUE OF BANCO SANTANDER C D 0.220% 2/07/22 /JPMORGAN/MUNI DEALER/750,000 PAR VALUE AT 100.013556 % 750,000.00 1.00 (750,101.67) 750,101.67 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/01/2021 11/01/2021 05966DB43 PAID ACCRUED INTEREST ON PURCHASE OF BANCO SANTANDER C D 0.220% 2/07/22 - - (802.08) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/01/2021 11/01/2021 11/01/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (146,279.72) 1.00 146,279.72 (146,279.72) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/01/2021 11/01/2021 11/01/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 600,000.01 1.00 (600,000.01) 600,000.01 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/01/2021 31846V203 INTEREST EARNED ON FIRST AM GOVT OB FD CL Y UNIT ON 0.0000 SHARES DUE 10/31/2021 INTEREST FROM 10/1/21 TO 10/31/21 - - 17.86 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/01/2021 11/01/2021 11/01/2021 71112JY16 MATURED PAR VALUE OF PEOPLES GAS LT COKE CO C P 11/01/21 600,000 PAR VALUE AT 100 % (600,000.00) 1.00 599,989.50 (599,989.50) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/01/2021 71112JY16 INTEREST EARNED ON PEOPLES GAS LT COKE CO C P 11/01/21 $1 PV ON 600000.0000 SHARES DUE 11/1/2021 600,000 PAR VALUE AT 100 % - - 10.50 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/01/2021 11/01/2021 11/01/2021 912828H86 SOLD PAR VALUE OF U S TREASURY NT 1.500% 1/31/22 /J.P. MORGAN SECURITIES LLC/600,000 PAR VALUE AT 100.36328167 % (600,000.00) 1.00 602,179.69 (602,159.67) 20.02 - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/01/2021 912828H86 AMORTIZED PREMIUM ON U S TREASURY NT 1.500% 1/31/22 CURRENT YEAR AMORTIZATION - - - (6,989.32) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/01/2021 11/01/2021 912828H86 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 1.500% 1/31/22 - - 2,274.46 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/01/2021 91282CCQ2 INTEREST EARNED ON U S TREASURY NT 0.00001% 7/31/23 $1 PV ON 460000.0000 SHARES DUE 10/31/2021 - - 90.38 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/01/2021 91282CCQ2 AMORTIZED PREMIUM ON U S TREASURY NT 0.00001% 7/31/23 CURRENT YEAR AMORTIZATION - - - (1.32) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/01/2021 976904MZ2 INTEREST EARNED ON WISCONSIN HSG 0.080% 5/01/30 $1 PV ON 235000.0000 SHARES DUE 11/1/2021 - - 79.51 - - - Page 63 of 102101 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 2017 Financing STAMP Portfolio Transaction Report by Account 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/02/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (811.55) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/02/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 811.55 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/02/2021 22550UAB7 INTEREST EARNED ON CREDIT SUISSE AG 0.440% 2/02/24 $1 PV ON 410000.0000 SHARES DUE 11/2/2021 - - 460.23 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/02/2021 11/02/2021 11/02/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 460.23 1.00 (460.23) 460.23 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/02/2021 11/02/2021 11/02/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (388,489.28) 1.00 388,489.28 (388,489.28) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/02/2021 10/28/2021 11/02/2021 38378JZD7 PURCHASED PAR VALUE OF G N M A GTD REMIC 1.500% 12/20/40 /MILLENNIUM ADVISORS, LLC/72,735.36 PAR VALUE AT 100.89062249 % 72,735.36 1.01 (73,383.16) 73,383.16 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/03/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 470.92 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/03/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (470.92) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/03/2021 11/02/2021 11/03/2021 02665JYG9 PURCHASED PAR VALUE OF AMERICAN HONDA FIN CORP C P 11/16/21 /J.P. MORGAN SECURITIES LLC/325,000 PAR VALUE AT 99.99458462 % 325,000.00 1.00 (324,982.40) 324,982.40 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/03/2021 11/03/2021 11/03/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 105,017.60 1.00 (105,017.60) 105,017.60 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/03/2021 64587AY32 INTEREST EARNED ON NEW JERSEY NAT GAS CO C P 11/03/21 $1 PV ON 550000.0000 SHARES DUE 11/3/2021 550,000 PAR VALUE AT 100 % - - 10.69 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/03/2021 11/03/2021 11/03/2021 64587AY32 MATURED PAR VALUE OF NEW JERSEY NAT GAS CO C P 11/03/21 550,000 PAR VALUE AT 100 % (550,000.00) 1.00 549,989.31 (549,989.31) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/03/2021 10/27/2021 11/03/2021 65339KBX7 PURCHASED PAR VALUE OF NEXTERA ENERGY CAP 0.44946% 11/03/23 /PRSHUS33 PERSHING JERSEY CITY/120,000 PAR VALUE AT 100 % 120,000.00 1.00 (120,000.00) 120,000.00 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/04/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (978.26) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/04/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 978.26 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/04/2021 11/01/2021 11/04/2021 025816CK3 PURCHASED PAR VALUE OF AMERICAN EXPRESS CO 0.750% 11/03/23 /DEUTSCHE BANK SECURITIES, INC./285,000 PAR VALUE AT 99.99 % 285,000.00 1.00 (284,971.50) 284,971.50 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/04/2021 11/04/2021 11/04/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 49.68 1.00 (49.68) 49.68 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/04/2021 11/04/2021 11/04/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 121,866.14 1.00 (121,866.14) 121,866.14 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/04/2021 88276SJM3 INTEREST EARNED ON TEXAS ST PUB FIN C P 0.150% 11/04/21 $1 PV ON 155000.0000 SHARES DUE 11/4/2021 INTEREST ON 11/4/2021 MATURITY - - 49.68 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/04/2021 11/04/2021 11/04/2021 88276SJM3 MATURED PAR VALUE OF TEXAS ST PUB FIN C P 0.150% 11/04/21 155,000 PAR VALUE AT 100 % (155,000.00) 1.00 155,000.00 (155,000.00) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/04/2021 11/04/2021 912828H86 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 1.500% 1/31/22 - - 978.26 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/04/2021 11/03/2021 11/04/2021 912828H86 SOLD PAR VALUE OF U S TREASURY NT 1.500% 1/31/22 /JCSIUS33 HSBC SECS USA NY/250,000 PAR VALUE AT 100.343752 % (250,000.00) 1.00 250,859.38 (250,870.20) (10.82) - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/04/2021 912828H86 AMORTIZED PREMIUM ON U S TREASURY NT 1.500% 1/31/22 CURRENT YEAR AMORTIZATION - - - (154.26) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/05/2021 11/05/2021 11/05/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (306,911.11) 1.00 306,911.11 (306,911.11) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/05/2021 11/05/2021 63743HEU2 PAID ACCRUED INTEREST ON PURCHASE OF NATIONAL RURAL MTN 0.350% 2/08/24 - - (262.21) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/05/2021 11/03/2021 11/05/2021 63743HEU2 PURCHASED PAR VALUE OF NATIONAL RURAL MTN 0.350% 2/08/24 /MRCRUS31 MARKETAXESS NEW YORK/310,000 PAR VALUE AT 98.919 % 310,000.00 0.99 (306,648.90) 306,648.90 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/08/2021 11/08/2021 11/08/2021 14687AAM0 PAID DOWN PAR VALUE OF CARVANA AUTO REC 0.280% 11/08/23 (48,600.40) - 48,600.40 (48,599.35) 1.05 - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/08/2021 14687AAM0 INTEREST EARNED ON CARVANA AUTO REC 0.280% 11/08/23 $1 PV ON 53.8900 SHARES DUE 11/8/2021 $0.00023/PV ON 230,957.24 PV DUE 11/ 8/21 - - 53.89 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/08/2021 14687AAM0 AMORTIZED PREMIUM ON CARVANA AUTO REC 0.280% 11/08/23 CURRENT YEAR AMORTIZATION - - - (0.31) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/08/2021 11/08/2021 11/08/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (251,340.46) 1.00 251,340.46 (251,340.46) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/08/2021 11/08/2021 11/08/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 300,000.00 1.00 (300,000.00) 300,000.00 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/08/2021 11/08/2021 11/08/2021 53154LY83 MATURED PAR VALUE OF LIBERTY UTILS CO DISC C P 11/08/21 300,000 PAR VALUE AT 100 % (300,000.00) 1.00 299,900.00 (299,900.00) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/08/2021 53154LY83 INTEREST EARNED ON LIBERTY UTILS CO DISC C P 11/08/21 $1 PV ON 300000.0000 SHARES DUE 11/8/2021 300,000 PAR VALUE AT 100 % - - 100.00 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/08/2021 11/08/2021 11/08/2021 97670RYF6 PURCHASED PAR VALUE OF WISCONSIN GAS CO C P 11/15/21 /MUSCUS33 MITSUBISHI UFJ SEC./300,000 PAR VALUE AT 99.99825 % 300,000.00 1.00 (299,994.75) 299,994.75 - - Page 64 of 102102 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 2017 Financing STAMP Portfolio Transaction Report by Account 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/09/2021 11/09/2021 11/09/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 75,000.00 1.00 (75,000.00) 75,000.00 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/09/2021 11/09/2021 11/09/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 1,495.83 1.00 (1,495.83) 1,495.83 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/09/2021 60956PWG3 AMORTIZED PREMIUM ON MONMOUTH CNTY NJ 2.000% 11/09/21 CURRENT YEAR AMORTIZATION - - - (1,022.31) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/09/2021 11/09/2021 11/09/2021 60956PWG3 MATURED PAR VALUE OF MONMOUTH CNTY NJ 2.000% 11/09/21 75,000 PAR VALUE AT 100 % (75,000.00) 1.00 75,000.00 (75,000.00) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/09/2021 60956PWG3 INTEREST EARNED ON MONMOUTH CNTY NJ 2.000% 11/09/21 $1 PV ON 75000.0000 SHARES DUE 11/9/2021 INTEREST ON 11/9/2021 MATURITY - - 1,495.83 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/10/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 1,234.42 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/10/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (1,234.42) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/10/2021 14687BAF3 INTEREST EARNED ON CARVANA AUTO RECB 0.280% 3/10/24 $1 PV ON 60.1500 SHARES DUE 11/10/2021 $0.00023/PV ON 257,788.14 PV DUE 11/10/21 - - 60.15 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/10/2021 11/10/2021 11/10/2021 14687BAF3 PAID DOWN PAR VALUE OF CARVANA AUTO RECB 0.280% 3/10/24 (33,551.11) - 33,551.11 (33,557.73) (6.62) - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/10/2021 14687BAF3 AMORTIZED PREMIUM ON CARVANA AUTO RECB 0.280% 3/10/24 CURRENT YEAR AMORTIZATION - - - (3.66) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/10/2021 11/10/2021 11/10/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 33,611.26 1.00 (33,611.26) 33,611.26 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/10/2021 11/10/2021 11/10/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (118,272.22) 1.00 118,272.22 (118,272.22) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/10/2021 11/08/2021 11/10/2021 43814WAC9 PURCHASED PAR VALUE OF HONDA AUTO 2.830% 3/20/23 /BARCUS3B BARCLAYS CAP WHIPPANY/117,245.07 PAR VALUE AT 100.70312268 % 117,245.07 1.01 (118,069.45) 118,069.45 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/10/2021 11/10/2021 43814WAC9 PAID ACCRUED INTEREST ON PURCHASE OF HONDA AUTO 2.830% 3/20/23 - - (202.77) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/12/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (60.15) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/12/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 60.15 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/15/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 3,190.82 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/15/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (3,190.82) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/15/2021 11/15/2021 11/15/2021 12597PAB4 PAID DOWN PAR VALUE OF CNH EQUIPMENT TRUS 1.08006% 7/17/23 (9,882.30) - 9,882.30 (9,881.76) - 0.54 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/15/2021 12597PAB4 INTEREST EARNED ON CNH EQUIPMENT TRUS 1.08006% 7/17/23 $1 PV ON 9.9100 SHARES DUE 11/15/2021 $0.00090/PV ON 11,005.63 PV DUE 11/15/21 - - 9.91 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/15/2021 12597PAC2 AMORTIZED PREMIUM ON CNH EQUIPMENT TRUST 1.160% 6/16/25 CURRENT YEAR AMORTIZATION - - - (48.68) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/15/2021 12597PAC2 INTEREST EARNED ON CNH EQUIPMENT TRUST 1.160% 6/16/25 $1 PV ON 96.6700 SHARES DUE 11/15/2021 $0.00097/PV ON 100,000.00 PV DUE 11/15/21 - - 96.67 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/15/2021 12598AAB6 INTEREST EARNED ON CNH EQUIPMENT 0.230% 3/15/24 $1 PV ON 39.1300 SHARES DUE 11/15/2021 $0.00019/PV ON 228,137.36 PV DUE 11/15/21 - - 39.13 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/15/2021 11/15/2021 11/15/2021 12598AAB6 PAID DOWN PAR VALUE OF CNH EQUIPMENT 0.230% 3/15/24 (19,271.83) - 19,271.83 (19,270.32) 1.51 - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/15/2021 11/15/2021 11/15/2021 14042WAC4 PAID DOWN PAR VALUE OF CAPITAL ONE PRIME 2.510% 11/15/23 (9,446.22) - 9,446.22 (9,516.33) (70.11) - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/15/2021 14042WAC4 INTEREST EARNED ON CAPITAL ONE PRIME 2.510% 11/15/23 $1 PV ON 175.8000 SHARES DUE 11/15/2021 $0.00209/PV ON 84,046.89 PV DUE 11/15/21 - - 175.80 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/15/2021 14042WAC4 AMORTIZED PREMIUM ON CAPITAL ONE PRIME 2.510% 11/15/23 CURRENT YEAR AMORTIZATION - - - (52.69) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/15/2021 14313FAD1 INTEREST EARNED ON CARMAX AUTO OWNER 3.130% 6/15/23 $1 PV ON 865.8500 SHARES DUE 11/15/2021 $0.00261/PV ON 331,954.61 PV DUE 11/15/21 - - 865.85 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/15/2021 11/15/2021 11/15/2021 14313FAD1 PAID DOWN PAR VALUE OF CARMAX AUTO OWNER 3.130% 6/15/23 (75,593.14) - 75,593.14 (76,010.61) (417.47) - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/15/2021 14313FAD1 AMORTIZED PREMIUM ON CARMAX AUTO OWNER 3.130% 6/15/23 CURRENT YEAR AMORTIZATION - - - (150.68) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/15/2021 14315FAF4 INTEREST EARNED ON CARMAX AUTO OWNER 1.090% 3/16/26 $1 PV ON 109.0000 SHARES DUE 11/15/2021 $0.00091/PV ON 120,000.00 PV DUE 11/15/21 - - 109.00 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/15/2021 14315FAF4 AMORTIZED PREMIUM ON CARMAX AUTO OWNER 1.090% 3/16/26 CURRENT YEAR AMORTIZATION - - - (3.19) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/15/2021 14315XAC2 AMORTIZED PREMIUM ON CARMAX AUTO OWNER 1.890% 12/16/24 CURRENT YEAR AMORTIZATION - - - (56.38) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/15/2021 14315XAC2 INTEREST EARNED ON CARMAX AUTO OWNER 1.890% 12/16/24 $1 PV ON 126.0000 SHARES DUE 11/15/2021 $0.00158/PV ON 80,000.00 PV DUE 11/15/21 - - 126.00 - - - Page 65 of 102103 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 2017 Financing STAMP Portfolio Transaction Report by Account 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/15/2021 11/15/2021 11/15/2021 14315XAC2 PAID DOWN PAR VALUE OF CARMAX AUTO OWNER 1.890% 12/16/24 (1,546.42) 499.26 1,546.42 (1,566.11) (19.69) - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/15/2021 14316NAB5 INTEREST EARNED ON CARMAX AUTO OWNER 0.220% 2/15/24 $1 PV ON 19.0400 SHARES DUE 11/15/2021 $0.00018/PV ON 103,844.01 PV DUE 11/15/21 - - 19.04 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/15/2021 11/15/2021 11/15/2021 14316NAB5 PAID DOWN PAR VALUE OF CARMAX AUTO OWNER 0.220% 2/15/24 (13,180.93) - 13,180.93 (13,180.93) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/15/2021 21684LC59 INTEREST EARNED ON COOPERATIEVE C D 0.14195% 6/15/22 $1 PV ON 375000.0000 SHARES DUE 11/15/2021 - - 44.48 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/15/2021 233854AC2 AMORTIZED PREMIUM ON DAIMLER TRUCKS 1.220% 9/15/23 CURRENT YEAR AMORTIZATION - - - (51.36) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/15/2021 11/15/2021 11/15/2021 233854AC2 PAID DOWN PAR VALUE OF DAIMLER TRUCKS 1.220% 9/15/23 (18,144.12) - 18,144.12 (18,215.89) (71.77) - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/15/2021 233854AC2 INTEREST EARNED ON DAIMLER TRUCKS 1.220% 9/15/23 $1 PV ON 137.1100 SHARES DUE 11/15/2021 $0.00102/PV ON 134,862.40 PV DUE 11/15/21 - - 137.11 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/15/2021 11/15/2021 11/15/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 206,437.15 1.00 (206,437.15) 206,437.15 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/15/2021 11/15/2021 11/15/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 89,472.52 1.00 (89,472.52) 89,472.52 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/15/2021 34528DAD5 AMORTIZED PREMIUM ON FORD CREDIT AUTO 2.220% 10/15/22 CURRENT YEAR AMORTIZATION - - - (0.05) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/15/2021 34528DAD5 INTEREST EARNED ON FORD CREDIT AUTO 2.220% 10/15/22 $1 PV ON 0.4600 SHARES DUE 11/15/2021 $0.00185/PV ON 248.15 PV DUE 11/15/21 - - 0.46 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/15/2021 11/15/2021 11/15/2021 34528DAD5 PAID DOWN PAR VALUE OF FORD CREDIT AUTO 2.220% 10/15/22 CMO FINAL PAYDOWN (248.15) - 248.15 (248.75) (0.60) - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/15/2021 34528QHL1 INTEREST EARNED ON FORD CREDIT MSTR 0.69105% 9/15/25 $1 PV ON 200.7700 SHARES DUE 11/15/2021 $0.00051/PV ON 395,000.00 PV DUE 11/15/21 - - 200.77 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/15/2021 34528QHL1 AMORTIZED PREMIUM ON FORD CREDIT MSTR 0.69105% 9/15/25 CURRENT YEAR AMORTIZATION - - - (396.08) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/15/2021 56052FJB2 INTEREST EARNED ON MAINE ST 0.07766% 11/15/50 $1 PV ON 440000.0000 SHARES DUE 11/15/2021 - - 172.26 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/15/2021 58769EAC2 AMORTIZED PREMIUM ON MERCEDES BENZ AUTO 0.400% 11/15/23 CURRENT YEAR AMORTIZATION - - - (21.17) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/15/2021 58769EAC2 INTEREST EARNED ON MERCEDES BENZ AUTO 0.400% 11/15/23 $1 PV ON 113.3300 SHARES DUE 11/15/2021 $0.00033/PV ON 340,000.00 PV DUE 11/15/21 - - 113.33 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/15/2021 65474VAQ4 INTEREST EARNED ON NISSAN MASTER 0.75905% 2/15/24 $1 PV ON 347.1600 SHARES DUE 11/15/2021 $0.00056/PV ON 620,000.00 PV DUE 11/15/21 - - 347.16 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/15/2021 65474VAQ4 AMORTIZED PREMIUM ON NISSAN MASTER 0.75905% 2/15/24 CURRENT YEAR AMORTIZATION - - - (94.15) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/15/2021 65474VAS0 INTEREST EARNED ON NISSAN MASTER OWNE 0.53759% 11/15/23 $1 PV ON 78.4000 SHARES DUE 11/15/2021 $0.00045/PV ON 175,000.00 PV DUE 11/15/21 - - 78.40 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/15/2021 11/15/2021 11/15/2021 65474VAS0 PAID DOWN PAR VALUE OF NISSAN MASTER OWNE 0.53759% 11/15/23 CMO FINAL PAYDOWN (175,000.00) - 175,000.00 (175,181.71) (181.71) - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/15/2021 65474VAS0 AMORTIZED PREMIUM ON NISSAN MASTER OWNE 0.53759% 11/15/23 CURRENT YEAR AMORTIZATION - - - (10.34) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/15/2021 80286NAF3 INTEREST EARNED ON SANTANDER DRIVE 0.750% 2/17/26 $1 PV ON 62.5100 SHARES DUE 11/15/2021 $0.00063/PV ON 100,000.00 PV DUE 11/15/21 - - 62.51 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/15/2021 80286NAF3 AMORTIZED PREMIUM ON SANTANDER DRIVE 0.750% 2/17/26 CURRENT YEAR AMORTIZATION - - - (2.92) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/15/2021 86565C6K0 INTEREST EARNED ON SUMITOMO C D 0.15179% 3/15/22 $1 PV ON 800000.0000 SHARES DUE 11/15/2021 - - 100.89 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/15/2021 11/15/2021 11/15/2021 97670RYF6 MATURED PAR VALUE OF WISCONSIN GAS CO C P 11/15/21 300,000 PAR VALUE AT 100 % (300,000.00) 1.00 299,994.75 (299,994.75) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/15/2021 97670RYF6 INTEREST EARNED ON WISCONSIN GAS CO C P 11/15/21 $1 PV ON 300000.0000 SHARES DUE 11/15/2021 300,000 PAR VALUE AT 100 % - - 5.25 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/15/2021 98161TAF2 AMORTIZED PREMIUM ON WORLD OMNI AUTO TR 2.370% 5/15/24 CURRENT YEAR AMORTIZATION - - - (123.81) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/15/2021 98161TAF2 INTEREST EARNED ON WORLD OMNI AUTO TR 2.370% 5/15/24 $1 PV ON 869.0000 SHARES DUE 11/15/2021 $0.00198/PV ON 440,000.00 PV DUE 11/15/21 - - 869.00 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/16/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (794.80) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/16/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 794.80 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/16/2021 11/16/2021 11/16/2021 02665JYG9 MATURED PAR VALUE OF AMERICAN HONDA FIN CORP C P 11/16/21 325,000 PAR VALUE AT 100 % (325,000.00) 1.00 324,982.40 (324,982.40) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/16/2021 02665JYG9 INTEREST EARNED ON AMERICAN HONDA FIN CORP C P 11/16/21 $1 PV ON 325000.0000 SHARES DUE 11/16/2021 325,000 PAR VALUE AT 100 % - - 17.60 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/16/2021 11/16/2021 11/16/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 12,710.99 1.00 (12,710.99) 12,710.99 - - Page 66 of 102104 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 2017 Financing STAMP Portfolio Transaction Report by Account 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/16/2021 11/16/2021 11/16/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 325,253.17 1.00 (325,253.17) 325,253.17 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/16/2021 36258MAF1 AMORTIZED PREMIUM ON GM FIN CONS ATMB 2.040% 2/18/25 CURRENT YEAR AMORTIZATION - - - (327.25) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/16/2021 36258MAF1 INTEREST EARNED ON GM FIN CONS ATMB 2.040% 2/18/25 $1 PV ON 510.0000 SHARES DUE 11/16/2021 $0.00170/PV ON 300,000.00 PV DUE 11/16/21 - - 510.00 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/16/2021 38013FAD3 AMORTIZED PREMIUM ON GM FINANCIAL 3.210% 10/16/23 CURRENT YEAR AMORTIZATION - - - (27.29) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/16/2021 38013FAD3 INTEREST EARNED ON GM FINANCIAL 3.210% 10/16/23 $1 PV ON 213.3100 SHARES DUE 11/16/2021 $0.00268/PV ON 79,741.71 PV DUE 11/16/21 - - 213.31 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/16/2021 11/16/2021 11/16/2021 38013FAD3 PAID DOWN PAR VALUE OF GM FINANCIAL 3.210% 10/16/23 (11,987.68) - 11,987.68 (12,034.39) - (46.71) 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/16/2021 11/16/2021 11/16/2021 63616JYG1 MATURED PAR VALUE OF NATIONAL FUEL GAS CO C P 11/16/21 700,000 PAR VALUE AT 100 % (700,000.00) 1.00 699,711.25 (699,711.25) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/16/2021 63616JYG1 INTEREST EARNED ON NATIONAL FUEL GAS CO C P 11/16/21 $1 PV ON 700000.0000 SHARES DUE 11/16/2021 700,000 PAR VALUE AT 100 % - - 288.75 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/16/2021 11/15/2021 11/16/2021 63616JZH8 PURCHASED PAR VALUE OF NATIONAL FUEL GAS CO C P 12/17/21 /GOLDUS33 GOLDMAN SACHS NY/700,000 PAR VALUE AT 99.96383286 % 700,000.00 1.00 (699,746.83) 699,746.83 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/16/2021 98162HAC4 INTEREST EARNED ON WORLD OMNI 1.700% 1/15/23 $1 PV ON 75000.0000 SHARES DUE 11/15/2021 - - 106.25 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/16/2021 98162HAC4 AMORTIZED PREMIUM ON WORLD OMNI 1.700% 1/15/23 CURRENT YEAR AMORTIZATION - - - (44.42) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/17/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (723.31) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/17/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 723.31 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/17/2021 11/10/2021 11/15/2021 14316LAC7 PURCHASED PAR VALUE OF CARMAX AUTO OWNER 2.680% 3/15/24 /BOFA SECURITIES, INC./FXD INC/297,206.46 PAR VALUE AT 101.14453016 % 297,206.46 1.01 (300,608.08) 300,608.08 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/17/2021 10/28/2021 11/02/2021 3133T52K8 PURCHASED PAR VALUE OF F H L M C MLTCL MTG 6.000% 7/17/24 /STEPHENS, INC./280,340.16 PAR VALUE AT 104.93749837 % 280,340.16 1.05 (294,181.95) 294,181.95 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/17/2021 11/02/2021 3133T52K8 PAID ACCRUED INTEREST ON PURCHASE OF F H L M C MLTCL MTG 6.000% 7/17/24 - - (46.72) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/17/2021 11/17/2021 11/17/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (679,687.37) 1.00 679,687.37 (679,687.37) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/17/2021 64986MJ63 INTEREST EARNED ON NEW YORK ST HSG 0.08904% 11/15/36 $1 PV ON 100000.0000 SHARES DUE 11/15/2021 - - 5.10 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/17/2021 11/17/2021 11/17/2021 66522TZ25 PURCHASED PAR VALUE OF NORTHERN ILL GAS CORP C P 12/02/21 /J.P. MORGAN SECURITIES LLC/400,000 PAR VALUE AT 99.9941675 % 400,000.00 1.00 (399,976.67) 399,976.67 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/18/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 234.27 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/18/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (234.27) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/18/2021 11/16/2021 11/18/2021 14315PAD7 PURCHASED PAR VALUE OF CARMAX AUTO OWNER 2.180% 8/15/24 /STONEX FINANCIAL INC./BD RATES/52,270.6 PAR VALUE AT 101.140625 % 52,270.60 1.01 (52,866.81) 52,866.81 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/18/2021 11/16/2021 11/18/2021 14315PAD7 PURCHASED PAR VALUE OF CARMAX AUTO OWNER 2.180% 8/15/24 /WFSLUS33 WELLS FARGO CHARL NC/226,505.93 PAR VALUE AT 101.14062503 % 226,505.93 1.01 (229,089.51) 229,089.51 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/18/2021 11/18/2021 14315PAD7 PAID ACCRUED INTEREST ON PURCHASE OF CARMAX AUTO OWNER 2.180% 8/15/24 - - (9.50) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/18/2021 11/18/2021 14315PAD7 PAID ACCRUED INTEREST ON PURCHASE OF CARMAX AUTO OWNER 2.180% 8/15/24 - - (41.15) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/18/2021 11/18/2021 11/18/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (265,127.35) 1.00 265,127.35 (265,127.35) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/18/2021 43814WAC9 INTEREST EARNED ON HONDA AUTO 2.830% 3/20/23 $1 PV ON 276.5000 SHARES DUE 11/18/2021 $0.00236/PV ON 117,245.07 PV DUE 11/18/21 - - 276.50 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/18/2021 11/18/2021 11/18/2021 43814WAC9 PAID DOWN PAR VALUE OF HONDA AUTO 2.830% 3/20/23 (16,603.12) - 16,603.12 (16,716.14) (113.02) - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/18/2021 43814WAC9 AMORTIZED PREMIUM ON HONDA AUTO 2.830% 3/20/23 CURRENT YEAR AMORTIZATION - - - (26.28) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/22/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 5,887.53 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/22/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (5,887.53) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/22/2021 025816CD9 INTEREST EARNED ON AMERICAN EXPRESS CO 2.750% 5/20/22 $1 PV ON 423000.0000 SHARES DUE 11/20/2021 - - 5,816.25 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/22/2021 025816CD9 AMORTIZED PREMIUM ON AMERICAN EXPRESS CO 2.750% 5/20/22 CURRENT YEAR AMORTIZATION - - - (5,156.36) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/22/2021 23504MAD6 INTEREST EARNED ON DALLAS FT TX C P 0.150% 11/22/21 $1 PV ON 250000.0000 SHARES DUE 11/22/2021 ACCRUED INTEREST ON 11/22/2021 MATURITY - - 92.70 - - - Page 67 of 102105 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 2017 Financing STAMP Portfolio Transaction Report by Account 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/22/2021 11/22/2021 11/22/2021 23504MAD6 MATURED PAR VALUE OF DALLAS FT TX C P 0.150% 11/22/21 100,000 PAR VALUE AT 100 % (100,000.00) 1.00 100,000.00 (100,000.00) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/22/2021 11/22/2021 11/22/2021 23504MAD6 MATURED PAR VALUE OF DALLAS FT TX C P 0.150% 11/22/21 150,000 PAR VALUE AT 100 % (150,000.00) 1.00 150,000.00 (150,000.00) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/22/2021 11/22/2021 11/22/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (1,046,015.83) 1.00 1,046,015.83 (1,046,015.83) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/22/2021 11/22/2021 11/22/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 1,009,042.88 1.00 (1,009,042.88) 1,009,042.88 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/22/2021 362569AA3 AMORTIZED PREMIUM ON GM FIN AUTO LEASE 0.35001% 11/21/22 CURRENT YEAR AMORTIZATION - - - (4.97) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/22/2021 362569AA3 INTEREST EARNED ON GM FIN AUTO LEASE 0.35001% 11/21/22 $1 PV ON 42.7700 SHARES DUE 11/20/2021 $0.00029/PV ON 146,644.88 PV DUE 11/20/21 - - 42.77 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/22/2021 11/20/2021 11/22/2021 362569AA3 PAID DOWN PAR VALUE OF GM FIN AUTO LEASE 0.35001% 11/21/22 (46,684.62) - 46,684.62 (46,703.31) (18.69) - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/22/2021 36259PAB2 AMORTIZED PREMIUM ON GM FIN AUTO LEASE 0.71011% 10/20/22 CURRENT YEAR AMORTIZATION - - - (5.27) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/22/2021 36259PAB2 INTEREST EARNED ON GM FIN AUTO LEASE 0.71011% 10/20/22 $1 PV ON 28.5100 SHARES DUE 11/20/2021 $0.00059/PV ON 48,183.58 PV DUE 11/20/21 - - 28.51 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/22/2021 11/20/2021 11/22/2021 36259PAB2 PAID DOWN PAR VALUE OF GM FIN AUTO LEASE 0.71011% 10/20/22 (21,470.73) - 21,470.73 (21,496.03) (25.30) - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/22/2021 11/22/2021 11/22/2021 60683B3J0 PURCHASED PAR VALUE OF MITSUBISHI TR C D 0.190% 2/17/22 /RBC CAPITAL MARKETS, LLC/750,000 PAR VALUE AT 99.997584 % 750,000.00 1.00 (749,981.88) 749,981.88 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/22/2021 11/22/2021 60683B3J0 PAID ACCRUED INTEREST ON PURCHASE OF MITSUBISHI TR C D 0.190% 2/17/22 - - (15.83) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/22/2021 11/22/2021 11/22/2021 64587AZ64 PURCHASED PAR VALUE OF NEW JERSEY NAT GAS CO C P 12/06/21 /MIZUHO SECURITIES USA INC./300,000 PAR VALUE AT 99.99183333 % 300,000.00 1.00 (299,975.50) 299,975.50 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/22/2021 65602YJC5 AMORTIZED PREMIUM ON NORINCHUKIN BK C D 0.160% 11/22/21 CURRENT YEAR AMORTIZATION - - - (20.44) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/22/2021 11/22/2021 11/22/2021 65602YJC5 MATURED PAR VALUE OF NORINCHUKIN BK C D 0.160% 11/22/21 685,000 PAR VALUE AT 100 % (685,000.00) 1.00 685,000.00 (685,000.00) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/22/2021 65602YJC5 INTEREST EARNED ON NORINCHUKIN BK C D 0.160% 11/22/21 $1 PV ON 685000.0000 SHARES DUE 11/22/2021 ACCRUED INTEREST ON 11/22/2021 MATURITY - - 563.22 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/23/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (731.01) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/23/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 731.01 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/23/2021 11/23/2021 11/23/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 330,015.27 1.00 (330,015.27) 330,015.27 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/23/2021 10/28/2021 11/02/2021 38378JZD7 PURCHASED PAR VALUE OF G N M A GTD REMIC 1.500% 12/20/40 /MILLENNIUM ADVISORS, LLC/69,524.82 PAR VALUE AT 100.89061719 % 69,524.82 1.01 (70,144.02) 70,144.02 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/23/2021 10/28/2021 11/02/2021 38378JZD7 SOLD PAR VALUE OF G N M A GTD REMIC 1.500% 12/20/40 /MILLENNIUM ADVISORS, LLC/REVS BUY OPP ENTRY ZY69 TX413 103 (72,735.36) 1.01 73,383.16 (73,383.16) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/23/2021 11/02/2021 38378JZD7 PAID ACCRUED INTEREST ON PURCHASE OF G N M A GTD REMIC 1.500% 12/20/40 - - (2.90) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/24/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 529.08 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/24/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (529.08) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/24/2021 11/24/2021 11/24/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 3,301.46 1.00 (3,301.46) 3,301.46 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/24/2021 11/24/2021 11/24/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 619.87 1.00 (619.87) 619.87 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/24/2021 38378JZD7 INTEREST EARNED ON G N M A GTD REMIC 1.500% 12/20/40 $1 PV ON 90.9200 SHARES DUE 11/20/2021 $0.00125/PV ON 69,524.82 PV DUE 11/20/21 - - 90.92 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/24/2021 11/20/2021 11/24/2021 38378JZD7 PAID DOWN PAR VALUE OF G N M A GTD REMIC 1.500% 12/20/40 (3,210.54) - 3,210.54 (3,238.80) (28.26) - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/24/2021 38378JZD7 AMORTIZED PREMIUM ON G N M A GTD REMIC 1.500% 12/20/40 CURRENT YEAR AMORTIZATION - - - (7.15) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/24/2021 69353RFU7 INTEREST EARNED ON PNC BANK NA MTN 0.49463% 2/24/23 $1 PV ON 535000.0000 SHARES DUE 11/24/2021 - - 619.87 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/26/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (1,802.20) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/26/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 1,802.20 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/26/2021 3137B7YX1 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.592% 4/25/23 CURRENT YEAR AMORTIZATION - - - (108.75) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/26/2021 11/25/2021 11/26/2021 3137B7YX1 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.592% 4/25/23 (15,224.14) - 15,224.14 (15,322.69) (35.65) (62.90) 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/26/2021 3137B7YX1 INTEREST EARNED ON F H L M C MLTCL MTG 2.592% 4/25/23 $1 PV ON 603.9800 SHARES DUE 11/25/2021 $0.00216/PV ON 279,618.70 PV DUE 11/25/21 - - 603.98 - - - Page 68 of 102106 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 2017 Financing STAMP Portfolio Transaction Report by Account 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/26/2021 3137BC2N7 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.364% 2/25/23 CURRENT YEAR AMORTIZATION - - - (72.33) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/26/2021 3137BC2N7 INTEREST EARNED ON F H L M C MLTCL MTG 2.364% 2/25/23 $1 PV ON 264.7600 SHARES DUE 11/25/2021 $0.00197/PV ON 134,396.66 PV DUE 11/25/21 - - 264.76 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/26/2021 11/25/2021 11/26/2021 3137BC2N7 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.364% 2/25/23 (713.86) - 713.86 (719.52) (5.66) - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/26/2021 3137BJQ71 INTEREST EARNED ON F H L M C MLTCL MT 2.76996% 5/25/25 $1 PV ON 692.4900 SHARES DUE 11/25/2021 $0.00231/PV ON 300,000.00 PV DUE 11/25/21 - - 692.49 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/26/2021 3137BJQ71 AMORTIZED PREMIUM ON F H L M C MLTCL MT 2.76996% 5/25/25 CURRENT YEAR AMORTIZATION - - - (360.56) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/26/2021 3137FQXG3 INTEREST EARNED ON F H L M C MLTCL MT 0.44847% 7/25/24 $1 PV ON 104.2200 SHARES DUE 11/25/2021 $0.00036/PV ON 287,970.44 PV DUE 11/25/21 - - 104.22 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/26/2021 11/25/2021 11/26/2021 3137FQXG3 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 0.44847% 7/25/24 (56,696.13) - 56,696.13 (56,696.13) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/26/2021 3137G0FJ3 AMORTIZED PREMIUM ON F H L M C MLTCL 3.24015% 5/25/25 CURRENT YEAR AMORTIZATION - - - (68.48) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/26/2021 11/25/2021 11/26/2021 3137G0FJ3 PAID DOWN PAR VALUE OF F H L M C MLTCL 3.24015% 5/25/25 (8,615.76) - 8,615.76 (8,720.72) (104.96) - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/26/2021 3137G0FJ3 INTEREST EARNED ON F H L M C MLTCL 3.24015% 5/25/25 $1 PV ON 307.8400 SHARES DUE 11/25/2021 $0.00297/PV ON 103,711.87 PV DUE 11/25/21 - - 307.84 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/26/2021 31416BTW8 AMORTIZED PREMIUM ON F N M A #995265 5.500% 1/01/24 CURRENT YEAR AMORTIZATION - - - (72.58) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/26/2021 31416BTW8 INTEREST EARNED ON F N M A #995265 5.500% 1/01/24 $1 PV ON 430.4800 SHARES DUE 11/25/2021 OCTOBER FNMA DUE 11/25/21 - - 430.48 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/26/2021 11/25/2021 11/26/2021 31416BTW8 PAID DOWN PAR VALUE OF F N M A #995265 5.500% 1/01/24 OCTOBER FNMA DUE 11/25/21 (8,523.54) - 8,523.54 (8,596.63) - (73.09) 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/26/2021 11/26/2021 11/26/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 91,484.71 1.00 (91,484.71) 91,484.71 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/26/2021 11/26/2021 11/26/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 692.49 1.00 (692.49) 692.49 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/29/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 692.49 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 11/29/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (692.49) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/01/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (689.57) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/01/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 689.57 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/01/2021 13032UXJ2 INTEREST EARNED ON CALIFORNIA HEALTH 0.417% 6/01/22 $1 PV ON 170000.0000 SHARES DUE 12/1/2021 - - 354.45 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/01/2021 13032UXJ2 AMORTIZED PREMIUM ON CALIFORNIA HEALTH 0.417% 6/01/22 CURRENT YEAR AMORTIZATION - - - (28.91) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/01/2021 12/01/2021 12/01/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (124,276.89) 1.00 124,276.89 (124,276.89) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/01/2021 31846V203 INTEREST EARNED ON FIRST AM GOVT OB FD CL Y UNIT ON 0.0000 SHARES DUE 11/30/2021 INTEREST FROM 11/1/21 TO 11/30/21 - - 5.25 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/01/2021 65339KBV1 INTEREST EARNED ON NEXTERA ENERGY CAP 0.58923% 3/01/23 $1 PV ON 225000.0000 SHARES DUE 12/1/2021 - - 335.12 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/01/2021 11/30/2021 12/01/2021 93884FAC6 PURCHASED PAR VALUE OF WASHINGTON GAS LT CO C P 1/12/22 /WFSLUS33 WELLS FARGO CHARL NC/125,000 PAR VALUE AT 99.973168 % 125,000.00 1.00 (124,966.46) 124,966.46 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/02/2021 12/01/2021 12/02/2021 02530JZG1 PURCHASED PAR VALUE OF AMERICAN CRYSTAL SUGAR C P 12/16/21 /WFSLUS33 WELLS FARGO CHARL NC/650,000 PAR VALUE AT 99.99261077 % 650,000.00 1.00 (649,951.97) 649,951.97 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/02/2021 11/30/2021 12/02/2021 14042WAC4 PURCHASED PAR VALUE OF CAPITAL ONE PRIME 2.510% 11/15/23 /RCMCUS31 UNITED STATES/44,760.4 PAR VALUE AT 100.75781631 % 44,760.40 1.01 (45,099.60) 45,099.60 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/02/2021 12/02/2021 14042WAC4 PAID ACCRUED INTEREST ON PURCHASE OF CAPITAL ONE PRIME 2.510% 11/15/23 - - (53.05) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/02/2021 12/02/2021 14042WAC4 PAID ACCRUED INTEREST ON PURCHASE OF CAPITAL ONE PRIME 2.510% 11/15/23 - - (26.53) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/02/2021 12/02/2021 14042WAC4 PAID ACCRUED INTEREST ON PURCHASE OF CAPITAL ONE PRIME 2.510% 11/15/23 - - (8.84) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/02/2021 11/30/2021 12/02/2021 14042WAC4 PURCHASED PAR VALUE OF CAPITAL ONE PRIME 2.510% 11/15/23 /MUSCUS33 MITSUBISHI UFJ SEC./22,380.2 PAR VALUE AT 100.74217749 % 22,380.20 1.01 (22,546.30) 22,546.30 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/02/2021 11/30/2021 12/02/2021 14042WAC4 PURCHASED PAR VALUE OF CAPITAL ONE PRIME 2.510% 11/15/23 /JPMSUS3X JP MORGAN SEC NY/7,460.07 PAR VALUE AT 100.7421328 % 7,460.07 1.01 (7,515.43) 7,515.43 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/02/2021 12/02/2021 12/02/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (325,196.47) 1.00 325,196.47 (325,196.47) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/02/2021 12/02/2021 12/02/2021 66522TZ25 MATURED PAR VALUE OF NORTHERN ILL GAS CORP C P 12/02/21 400,000 PAR VALUE AT 100 % (400,000.00) 1.00 399,976.67 (399,976.67) - - Page 69 of 102107 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 2017 Financing STAMP Portfolio Transaction Report by Account 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/02/2021 66522TZ25 INTEREST EARNED ON NORTHERN ILL GAS CORP C P 12/02/21 $1 PV ON 400000.0000 SHARES DUE 12/2/2021 400,000 PAR VALUE AT 100 % - - 23.33 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/03/2021 12/03/2021 12/03/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (150,236.06) 1.00 150,236.06 (150,236.06) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/03/2021 12/01/2021 12/03/2021 80285RAE8 PURCHASED PAR VALUE OF SANTANDER DRIVE 0.960% 11/15/24 /BNP PARIBAS SECURITIES BOND/150,000 PAR VALUE AT 100.10937333 % 150,000.00 1.00 (150,164.06) 150,164.06 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/03/2021 12/03/2021 80285RAE8 PAID ACCRUED INTEREST ON PURCHASE OF SANTANDER DRIVE 0.960% 11/15/24 - - (72.00) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/06/2021 12/06/2021 12/06/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (30,000.00) 1.00 30,000.00 (30,000.00) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/06/2021 12/01/2021 12/06/2021 38141GZF4 PURCHASED PAR VALUE OF GOLDMAN SACHS GROUP 0.670% 12/06/23 /GOLDUS33 GOLDMAN SACHS NY/330,000 PAR VALUE AT 100 % 330,000.00 1.00 (330,000.00) 330,000.00 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/06/2021 12/06/2021 12/06/2021 64587AZ64 MATURED PAR VALUE OF NEW JERSEY NAT GAS CO C P 12/06/21 300,000 PAR VALUE AT 100 % (300,000.00) 1.00 299,975.50 (299,975.50) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/06/2021 64587AZ64 INTEREST EARNED ON NEW JERSEY NAT GAS CO C P 12/06/21 $1 PV ON 300000.0000 SHARES DUE 12/6/2021 300,000 PAR VALUE AT 100 % - - 24.50 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/07/2021 11/15/2021 11/15/2021 12598AAB6 PAID DOWN-RV PAR VALUE OF CNH EQUIPMENT 0.230% 3/15/24 TO POST OCTOBER PRINCIPLE 19,271.83 - (19,271.83) 19,270.32 (1.51) - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/07/2021 10/15/2021 12/07/2021 12598AAB6 PAID DOWN PAR VALUE OF CNH EQUIPMENT 0.230% 3/15/24 (23,957.53) - 23,957.53 (23,955.66) 1.87 - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/07/2021 11/15/2021 12/07/2021 12598AAB6 PAID DOWN PAR VALUE OF CNH EQUIPMENT 0.230% 3/15/24 (19,271.83) - 19,271.83 (19,270.32) 1.51 - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/07/2021 12598AAB6 INTEREST EARNED ON CNH EQUIPMENT 0.230% 3/15/24 $1 PV ON 228137.3600 SHARES DUE 10/15/2021 - - (24,001.26) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/07/2021 12598AAB6 INTEREST EARNED ON CNH EQUIPMENT 0.230% 3/15/24 $1 PV ON 43.7300 SHARES DUE 10/15/2021 $0.00019/PV ON 228,137.36 PV DUE 10/15/21 - - 43.73 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/07/2021 12598AAB6 INTEREST EARNED ON CNH EQUIPMENT 0.230% 3/15/24 $1 PV ON 39.1300 SHARES DUE 11/15/2021 $0.00019/PV ON 204,179.83 PV DUE 11/15/21 - - 39.13 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/07/2021 12598AAB6 INTEREST EARNED ON CNH EQUIPMENT 0.230% 3/15/24 $1 PV ON 39.1300 SHARES DUE 11/15/2021 TO POST OCTOBER PRINCIPLE - - (39.13) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/08/2021 14687AAM0 AMORTIZED PREMIUM ON CARVANA AUTO REC 0.280% 11/08/23 CURRENT YEAR AMORTIZATION - - - (0.23) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/08/2021 14687AAM0 INTEREST EARNED ON CARVANA AUTO REC 0.280% 11/08/23 $1 PV ON 42.5500 SHARES DUE 12/8/2021 $0.00023/PV ON 182,356.84 PV DUE 12/ 8/21 - - 42.55 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/08/2021 12/08/2021 12/08/2021 14687AAM0 PAID DOWN PAR VALUE OF CARVANA AUTO REC 0.280% 11/08/23 (46,079.27) - 46,079.27 (46,078.22) (0.69) 1.74 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/08/2021 12/08/2021 12/08/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 46,121.82 1.00 (46,121.82) 46,121.82 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/09/2021 14040HBM6 INTEREST EARNED ON CAPITAL ONE 1.066% 3/09/22 $1 PV ON 450000.0000 SHARES DUE 12/9/2021 - - 1,212.58 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/09/2021 14040HBM6 AMORTIZED PREMIUM ON CAPITAL ONE 1.066% 3/09/22 CURRENT YEAR AMORTIZATION - - - (1,021.67) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/09/2021 12/09/2021 12/09/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (253,787.42) 1.00 253,787.42 (253,787.42) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/10/2021 12/10/2021 12/10/2021 14687BAF3 PAID DOWN PAR VALUE OF CARVANA AUTO RECB 0.280% 3/10/24 (33,330.67) - 33,330.67 (33,336.80) (6.13) - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/10/2021 14687BAF3 INTEREST EARNED ON CARVANA AUTO RECB 0.280% 3/10/24 $1 PV ON 52.3200 SHARES DUE 12/10/2021 $0.00023/PV ON 224,237.03 PV DUE 12/10/21 - - 52.32 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/10/2021 14687BAF3 AMORTIZED PREMIUM ON CARVANA AUTO RECB 0.280% 3/10/24 CURRENT YEAR AMORTIZATION - - - (2.98) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/10/2021 12/10/2021 12/10/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 33,382.99 1.00 (33,382.99) 33,382.99 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/14/2021 12/14/2021 12/14/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 255,000.00 1.00 (255,000.00) 255,000.00 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/14/2021 12/14/2021 12/14/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (255,000.00) 1.00 255,000.00 (255,000.00) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/14/2021 12/02/2021 12/09/2021 59261AM79 PURCHASED PAR VALUE OF METROPOLITAN NY 0.777% 11/15/22 /BOFA SECURITIES, INC./255,000 PAR VALUE AT 100 % 255,000.00 1.00 (255,000.00) 255,000.00 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 12597PAB4 INTEREST EARNED ON CNH EQUIPMENT TRUS 1.08006% 7/17/23 $1 PV ON 1.0100 SHARES DUE 12/15/2021 $0.00090/PV ON 1,123.33 PV DUE 12/15/21 - - 1.01 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 12/15/2021 12/15/2021 12597PAB4 PAID DOWN PAR VALUE OF CNH EQUIPMENT TRUS 1.08006% 7/17/23 CMO FINAL PAYDOWN (1,123.33) - 1,123.33 (1,123.27) - 0.06 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 12597PAC2 INTEREST EARNED ON CNH EQUIPMENT TRUST 1.160% 6/16/25 $1 PV ON 100000.0000 SHARES DUE 12/15/2021 - - 96.67 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 12597PAC2 AMORTIZED PREMIUM ON CNH EQUIPMENT TRUST 1.160% 6/16/25 CURRENT YEAR AMORTIZATION - - - (45.26) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 12598AAB6 INTEREST EARNED ON CNH EQUIPMENT 0.230% 3/15/24 $1 PV ON 35.4400 SHARES DUE 12/15/2021 $0.00019/PV ON 184,908.00 PV DUE 12/15/21 - - 35.44 - - - Page 70 of 102108 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 2017 Financing STAMP Portfolio Transaction Report by Account 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 12/15/2021 12/15/2021 12598AAB6 PAID DOWN PAR VALUE OF CNH EQUIPMENT 0.230% 3/15/24 (20,100.47) - 20,100.47 (20,098.90) 1.57 - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 12/15/2021 12/15/2021 14042WAC4 PAID DOWN PAR VALUE OF CAPITAL ONE PRIME 2.510% 11/15/23 (18,343.22) - 18,343.22 (18,472.42) (129.20) - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 14042WAC4 INTEREST EARNED ON CAPITAL ONE PRIME 2.510% 11/15/23 $1 PV ON 312.0700 SHARES DUE 12/15/2021 $0.00209/PV ON 149,201.34 PV DUE 12/15/21 - - 312.07 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 14042WAC4 AMORTIZED PREMIUM ON CAPITAL ONE PRIME 2.510% 11/15/23 CURRENT YEAR AMORTIZATION - - - (63.46) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 14313FAD1 AMORTIZED PREMIUM ON CARMAX AUTO OWNER 3.130% 6/15/23 CURRENT YEAR AMORTIZATION - - - (138.80) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 12/15/2021 12/15/2021 14313FAD1 PAID DOWN PAR VALUE OF CARMAX AUTO OWNER 3.130% 6/15/23 (73,983.10) - 73,983.10 (74,351.63) (368.53) - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 14313FAD1 INTEREST EARNED ON CARMAX AUTO OWNER 3.130% 6/15/23 $1 PV ON 668.6800 SHARES DUE 12/15/2021 $0.00261/PV ON 256,361.47 PV DUE 12/15/21 - - 668.68 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 14315FAF4 AMORTIZED PREMIUM ON CARMAX AUTO OWNER 1.090% 3/16/26 CURRENT YEAR AMORTIZATION - - - (5.51) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 14315FAF4 INTEREST EARNED ON CARMAX AUTO OWNER 1.090% 3/16/26 $1 PV ON 109.0000 SHARES DUE 12/15/2021 $0.00091/PV ON 120,000.00 PV DUE 12/15/21 - - 109.00 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 14315PAD7 INTEREST EARNED ON CARMAX AUTO OWNER 2.180% 8/15/24 $1 PV ON 506.4500 SHARES DUE 12/15/2021 $0.00182/PV ON 278,776.53 PV DUE 12/15/21 - - 506.45 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 12/15/2021 12/15/2021 14315PAD7 PAID DOWN PAR VALUE OF CARMAX AUTO OWNER 2.180% 8/15/24 (21,160.95) - 21,160.95 (21,389.66) (228.71) - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 14315PAD7 AMORTIZED PREMIUM ON CARMAX AUTO OWNER 2.180% 8/15/24 CURRENT YEAR AMORTIZATION - - - (166.71) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 12/15/2021 12/15/2021 14315XAC2 PAID DOWN PAR VALUE OF CARMAX AUTO OWNER 1.890% 12/16/24 (4,843.81) - 4,843.81 (4,902.27) (58.46) - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 14315XAC2 INTEREST EARNED ON CARMAX AUTO OWNER 1.890% 12/16/24 $1 PV ON 123.5600 SHARES DUE 12/15/2021 $0.00158/PV ON 78,453.58 PV DUE 12/15/21 - - 123.56 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 14315XAC2 AMORTIZED PREMIUM ON CARMAX AUTO OWNER 1.890% 12/16/24 CURRENT YEAR AMORTIZATION - - - (51.84) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 12/15/2021 12/15/2021 14316LAC7 PAID DOWN PAR VALUE OF CARMAX AUTO OWNER 2.680% 3/15/24 (29,544.66) - 29,544.66 (29,859.96) (315.30) - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 14316LAC7 INTEREST EARNED ON CARMAX AUTO OWNER 2.680% 3/15/24 $1 PV ON 663.7600 SHARES DUE 12/15/2021 $0.00223/PV ON 297,206.46 PV DUE 12/15/21 - - 663.76 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 14316LAC7 AMORTIZED PREMIUM ON CARMAX AUTO OWNER 2.680% 3/15/24 CURRENT YEAR AMORTIZATION - - - (229.84) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 12/15/2021 12/15/2021 14316NAB5 PAID DOWN PAR VALUE OF CARMAX AUTO OWNER 0.220% 2/15/24 (12,766.69) - 12,766.69 (12,766.69) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 14316NAB5 INTEREST EARNED ON CARMAX AUTO OWNER 0.220% 2/15/24 $1 PV ON 16.6200 SHARES DUE 12/15/2021 $0.00018/PV ON 90,663.08 PV DUE 12/15/21 - - 16.62 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 21684LC59 INTEREST EARNED ON COOPERATIEVE C D 0.14195% 6/15/22 $1 PV ON 375000.0000 SHARES DUE 12/15/2021 - - 43.75 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 233854AC2 INTEREST EARNED ON DAIMLER TRUCKS 1.220% 9/15/23 $1 PV ON 118.6600 SHARES DUE 12/15/2021 $0.00102/PV ON 116,718.28 PV DUE 12/15/21 - - 118.66 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 12/15/2021 12/15/2021 233854AC2 PAID DOWN PAR VALUE OF DAIMLER TRUCKS 1.220% 9/15/23 (11,360.89) - 11,360.89 (11,401.84) (40.95) - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 233854AC2 AMORTIZED PREMIUM ON DAIMLER TRUCKS 1.220% 9/15/23 CURRENT YEAR AMORTIZATION - - - (40.98) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 12/15/2021 12/15/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (58,435.13) 1.00 58,435.13 (58,435.13) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 12/15/2021 12/15/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 704,520.35 1.00 (704,520.35) 704,520.35 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 34528QHL1 AMORTIZED PREMIUM ON FORD CREDIT MSTR 0.69105% 9/15/25 CURRENT YEAR AMORTIZATION - - - (513.40) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 34528QHL1 INTEREST EARNED ON FORD CREDIT MSTR 0.69105% 9/15/25 $1 PV ON 194.0400 SHARES DUE 12/15/2021 $0.00049/PV ON 395,000.00 PV DUE 12/15/21 - - 194.04 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 58769EAC2 INTEREST EARNED ON MERCEDES BENZ AUTO 0.400% 11/15/23 $1 PV ON 113.3300 SHARES DUE 12/15/2021 $0.00033/PV ON 340,000.00 PV DUE 12/15/21 - - 113.33 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 58769EAC2 AMORTIZED PREMIUM ON MERCEDES BENZ AUTO 0.400% 11/15/23 CURRENT YEAR AMORTIZATION - - - (20.48) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 64986MJ63 INTEREST EARNED ON NEW YORK ST HSG 0.08904% 11/15/36 $1 PV ON 100000.0000 SHARES DUE 12/15/2021 - - 5.12 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 65474VAQ4 AMORTIZED PREMIUM ON NISSAN MASTER 0.75905% 2/15/24 CURRENT YEAR AMORTIZATION - - - (89.28) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 65474VAQ4 INTEREST EARNED ON NISSAN MASTER 0.75905% 2/15/24 $1 PV ON 335.5800 SHARES DUE 12/15/2021 $0.00054/PV ON 620,000.00 PV DUE 12/15/21 - - 335.58 - - - Page 71 of 102109 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 2017 Financing STAMP Portfolio Transaction Report by Account 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 80285RAE8 INTEREST EARNED ON SANTANDER DRIVE 0.960% 11/15/24 $1 PV ON 120.0000 SHARES DUE 12/15/2021 $0.00080/PV ON 150,000.00 PV DUE 12/15/21 - - 120.00 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 12/15/2021 12/15/2021 80285RAE8 PAID DOWN PAR VALUE OF SANTANDER DRIVE 0.960% 11/15/24 (8,256.60) - 8,256.60 (8,265.43) (8.83) - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 80285RAE8 AMORTIZED PREMIUM ON SANTANDER DRIVE 0.960% 11/15/24 CURRENT YEAR AMORTIZATION - - - (3.65) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 80286NAF3 AMORTIZED PREMIUM ON SANTANDER DRIVE 0.750% 2/17/26 CURRENT YEAR AMORTIZATION - - - (4.78) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 80286NAF3 INTEREST EARNED ON SANTANDER DRIVE 0.750% 2/17/26 $1 PV ON 62.5100 SHARES DUE 12/15/2021 $0.00063/PV ON 100,000.00 PV DUE 12/15/21 - - 62.51 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 86565C6K0 INTEREST EARNED ON SUMITOMO C D 0.15179% 3/15/22 $1 PV ON 800000.0000 SHARES DUE 12/15/2021 - - 100.00 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 98161TAF2 INTEREST EARNED ON WORLD OMNI AUTO TR 2.370% 5/15/24 $1 PV ON 869.0000 SHARES DUE 12/15/2021 $0.00198/PV ON 440,000.00 PV DUE 12/15/21 - - 869.00 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 12/15/2021 12/15/2021 98161TAF2 PAID DOWN PAR VALUE OF WORLD OMNI AUTO TR 2.370% 5/15/24 CMO FINAL PAYDOWN (440,000.00) - 440,000.00 (441,717.16) (1,717.16) - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 98161TAF2 AMORTIZED PREMIUM ON WORLD OMNI AUTO TR 2.370% 5/15/24 CURRENT YEAR AMORTIZATION - - - (116.02) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 98162HAC4 AMORTIZED PREMIUM ON WORLD OMNI 1.700% 1/15/23 CURRENT YEAR AMORTIZATION - - - (42.99) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/15/2021 98162HAC4 INTEREST EARNED ON WORLD OMNI 1.700% 1/15/23 $1 PV ON 106.2500 SHARES DUE 12/15/2021 $0.00142/PV ON 75,000.00 PV DUE 12/15/21 - - 106.25 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/16/2021 02530JZG1 INTEREST EARNED ON AMERICAN CRYSTAL SUGAR C P 12/16/21 $1 PV ON 650000.0000 SHARES DUE 12/16/2021 650,000 PAR VALUE AT 100 % - - 48.03 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/16/2021 12/16/2021 12/16/2021 02530JZG1 MATURED PAR VALUE OF AMERICAN CRYSTAL SUGAR C P 12/16/21 650,000 PAR VALUE AT 100 % (650,000.00) 1.00 649,951.97 (649,951.97) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/16/2021 12/14/2021 12/16/2021 02582JHS2 PURCHASED PAR VALUE OF AMERICAN EXPRESS 0.48705% 10/15/25 /WFSLUS33 WELLS FARGO CHARL NC/150,000 PAR VALUE AT 100.26562667 % 150,000.00 1.00 (150,398.44) 150,398.44 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/16/2021 12/16/2021 02582JHS2 PAID ACCRUED INTEREST ON PURCHASE OF AMERICAN EXPRESS 0.48705% 10/15/25 - - (1.71) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/16/2021 12/16/2021 12/16/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 501,310.64 1.00 (501,310.64) 501,310.64 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/16/2021 12/16/2021 12/16/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (737,911.70) 1.00 737,911.70 (737,911.70) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/16/2021 36258MAF1 INTEREST EARNED ON GM FIN CONS ATMB 2.040% 2/18/25 $1 PV ON 510.0000 SHARES DUE 12/16/2021 $0.00170/PV ON 300,000.00 PV DUE 12/16/21 - - 510.00 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/16/2021 36258MAF1 AMORTIZED PREMIUM ON GM FIN CONS ATMB 2.040% 2/18/25 CURRENT YEAR AMORTIZATION - - - (308.92) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/16/2021 12/16/2021 12/16/2021 38013FAD3 PAID DOWN PAR VALUE OF GM FINANCIAL 3.210% 10/16/23 (11,259.56) - 11,259.56 (11,299.85) - (40.29) 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/16/2021 38013FAD3 INTEREST EARNED ON GM FINANCIAL 3.210% 10/16/23 $1 PV ON 181.2400 SHARES DUE 12/16/2021 $0.00267/PV ON 67,754.03 PV DUE 12/16/21 - - 181.24 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/16/2021 38013FAD3 AMORTIZED PREMIUM ON GM FINANCIAL 3.210% 10/16/23 CURRENT YEAR AMORTIZATION - - - (21.58) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/16/2021 45818WCP9 INTEREST EARNED ON INTER AMER M T N 0.30857% 9/16/22 $1 PV ON 1500000.0000 SHARES DUE 12/16/2021 - - 1,170.00 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/16/2021 46647PCA2 INTEREST EARNED ON JPMORGAN CHASE CO 0.62923% 3/16/24 $1 PV ON 340000.0000 SHARES DUE 12/16/2021 - - 540.79 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/16/2021 12/16/2021 12/16/2021 64587BA51 PURCHASED PAR VALUE OF NEW JERSEY NAT GAS CO C P 1/05/22 /WELLS FARGO SECURITIES, LLC/750,000 PAR VALUE AT 99.98166667 % 750,000.00 1.00 (749,862.50) 749,862.50 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/17/2021 12/16/2021 12/17/2021 02530KAA8 PURCHASED PAR VALUE OF AMERICAN CRYSTAL SUGAR C P 1/10/22 /WFSLUS33 WELLS FARGO CHARL NC/750,000 PAR VALUE AT 99.98 % 750,000.00 1.00 (749,850.00) 749,850.00 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/17/2021 12/15/2021 12/17/2021 12597PAC2 PAID DOWN PAR VALUE OF CNH EQUIPMENT TRUST 1.160% 6/16/25 (5,899.10) - 5,899.10 (5,944.23) (45.13) - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/17/2021 3133T52K8 INTEREST EARNED ON F H L M C MLTCL MTG 6.000% 7/17/24 $1 PV ON 1401.7000 SHARES DUE 12/17/2021 $0.00500/PV ON 280,340.16 PV DUE 12/17/21 - - 1,401.70 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/17/2021 12/17/2021 12/17/2021 3133T52K8 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 6.000% 7/17/24 (18,076.06) - 18,076.06 (18,885.07) (809.01) - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/17/2021 3133T52K8 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 6.000% 7/17/24 CURRENT YEAR AMORTIZATION - - - (1,294.97) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/17/2021 12/17/2021 12/17/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (49,850.00) 1.00 49,850.00 (49,850.00) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/17/2021 12/17/2021 12/17/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 25,376.86 1.00 (25,376.86) 25,376.86 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/17/2021 12/17/2021 12/17/2021 63616JZH8 MATURED PAR VALUE OF NATIONAL FUEL GAS CO C P 12/17/21 700,000 PAR VALUE AT 100 % (700,000.00) 1.00 699,746.83 (699,746.83) - - Page 72 of 102110 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 2017 Financing STAMP Portfolio Transaction Report by Account 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/17/2021 63616JZH8 INTEREST EARNED ON NATIONAL FUEL GAS CO C P 12/17/21 $1 PV ON 700000.0000 SHARES DUE 12/17/2021 700,000 PAR VALUE AT 100 % - - 253.17 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/20/2021 12/17/2021 12/20/2021 02360SAJ7 PURCHASED PAR VALUE OF AMEREN CORP DISC COML C P 1/18/22 /BOFA SECURITIES, INC./FXD INC/550,000 PAR VALUE AT 99.97583273 % 550,000.00 1.00 (549,867.08) 549,867.08 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/20/2021 12/20/2021 12/20/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 19,383.73 1.00 (19,383.73) 19,383.73 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/20/2021 12/20/2021 12/20/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (482,195.36) 1.00 482,195.36 (482,195.36) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/20/2021 362569AA3 AMORTIZED PREMIUM ON GM FIN AUTO LEASE 0.35001% 11/21/22 CURRENT YEAR AMORTIZATION - - - (3.28) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/20/2021 12/20/2021 12/20/2021 362569AA3 PAID DOWN PAR VALUE OF GM FIN AUTO LEASE 0.35001% 11/21/22 (44,303.37) - 44,303.37 (44,319.65) (16.28) - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/20/2021 362569AA3 INTEREST EARNED ON GM FIN AUTO LEASE 0.35001% 11/21/22 $1 PV ON 29.1600 SHARES DUE 12/20/2021 $0.00029/PV ON 99,960.26 PV DUE 12/20/21 - - 29.16 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/20/2021 36259PAB2 AMORTIZED PREMIUM ON GM FIN AUTO LEASE 0.71011% 10/20/22 CURRENT YEAR AMORTIZATION - - - (2.83) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/20/2021 12/20/2021 12/20/2021 36259PAB2 PAID DOWN PAR VALUE OF GM FIN AUTO LEASE 0.71011% 10/20/22 (23,323.38) - 23,323.38 (23,348.39) (25.01) - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/20/2021 36259PAB2 INTEREST EARNED ON GM FIN AUTO LEASE 0.71011% 10/20/22 $1 PV ON 15.8100 SHARES DUE 12/20/2021 $0.00059/PV ON 26,712.85 PV DUE 12/20/21 - - 15.81 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/20/2021 43814WAC9 AMORTIZED PREMIUM ON HONDA AUTO 2.830% 3/20/23 CURRENT YEAR AMORTIZATION - - - (79.66) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/20/2021 12/18/2021 12/20/2021 43814WAC9 PAID DOWN PAR VALUE OF HONDA AUTO 2.830% 3/20/23 (15,897.20) - 15,897.20 (15,992.83) (95.63) - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/20/2021 43814WAC9 INTEREST EARNED ON HONDA AUTO 2.830% 3/20/23 $1 PV ON 237.3500 SHARES DUE 12/18/2021 $0.00236/PV ON 100,641.95 PV DUE 12/18/21 - - 237.35 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/23/2021 38378JZD7 AMORTIZED PREMIUM ON G N M A GTD REMIC 1.500% 12/20/40 CURRENT YEAR AMORTIZATION - - - 7.15 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/23/2021 38378JZD7 AMORTIZED PREMIUM ON G N M A GTD REMIC 1.500% 12/20/40 CURRENT YEAR AMORTIZATION - - - (18.30) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/23/2021 12/20/2021 12/23/2021 38378JZD7 PAID DOWN PAR VALUE OF G N M A GTD REMIC 1.500% 12/20/40 (3,162.27) - 3,162.27 (3,189.60) (27.33) - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/23/2021 11/20/2021 11/24/2021 38378JZD7 PAID DOWN-RV PAR VALUE OF G N M A GTD REMIC 1.500% 12/20/40 3,210.54 - (3,210.54) 3,238.80 28.26 - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/23/2021 38378JZD7 INTEREST EARNED ON G N M A GTD REMIC 1.500% 12/20/40 $1 PV ON 90.9200 SHARES DUE 11/20/2021 $0.00125/PV ON 69,524.82 PV DUE 11/20/21 - - (90.92) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/23/2021 38378JZD7 INTEREST EARNED ON G N M A GTD REMIC 1.500% 12/20/40 $1 PV ON 86.9100 SHARES DUE 12/20/2021 $0.00125/PV ON 69,524.82 PV DUE 12/20/21 - - 86.91 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/27/2021 3137B7YX1 INTEREST EARNED ON F H L M C MLTCL MTG 2.592% 4/25/23 $1 PV ON 571.0900 SHARES DUE 12/25/2021 $0.00216/PV ON 264,394.56 PV DUE 12/25/21 - - 571.09 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/27/2021 3137B7YX1 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.592% 4/25/23 CURRENT YEAR AMORTIZATION - - - (99.51) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/27/2021 12/25/2021 12/27/2021 3137B7YX1 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.592% 4/25/23 (16,379.73) - 16,379.73 (16,479.60) - (99.87) 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/27/2021 3137BC2N7 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.364% 2/25/23 CURRENT YEAR AMORTIZATION - - - (69.63) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/27/2021 12/25/2021 12/27/2021 3137BC2N7 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.364% 2/25/23 (757.85) - 757.85 (763.47) (5.62) - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/27/2021 3137BC2N7 INTEREST EARNED ON F H L M C MLTCL MTG 2.364% 2/25/23 $1 PV ON 263.3600 SHARES DUE 12/25/2021 $0.00197/PV ON 133,682.80 PV DUE 12/25/21 - - 263.36 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/27/2021 3137BJQ71 INTEREST EARNED ON F H L M C MLTCL MT 2.76996% 5/25/25 $1 PV ON 692.5000 SHARES DUE 12/25/2021 $0.00231/PV ON 300,000.00 PV DUE 12/25/21 - - 692.50 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/27/2021 3137BJQ71 AMORTIZED PREMIUM ON F H L M C MLTCL MT 2.76996% 5/25/25 CURRENT YEAR AMORTIZATION - - - (386.31) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/27/2021 3137FQXG3 INTEREST EARNED ON F H L M C MLTCL MT 0.44847% 7/25/24 $1 PV ON 82.3900 SHARES DUE 12/25/2021 $0.00036/PV ON 231,274.31 PV DUE 12/25/21 - - 82.39 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/27/2021 3137G0FJ3 INTEREST EARNED ON F H L M C MLTCL 3.24015% 5/25/25 $1 PV ON 273.6700 SHARES DUE 12/25/2021 $0.00288/PV ON 95,096.11 PV DUE 12/25/21 - - 273.67 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/27/2021 3137G0FJ3 AMORTIZED PREMIUM ON F H L M C MLTCL 3.24015% 5/25/25 CURRENT YEAR AMORTIZATION - - - (59.01) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/27/2021 12/25/2021 12/27/2021 3137G0FJ3 PAID DOWN PAR VALUE OF F H L M C MLTCL 3.24015% 5/25/25 (7,793.91) - 7,793.91 (7,884.02) (90.11) - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/27/2021 31416BTW8 AMORTIZED PREMIUM ON F N M A #995265 5.500% 1/01/24 CURRENT YEAR AMORTIZATION - - - (60.52) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/27/2021 12/25/2021 12/27/2021 31416BTW8 PAID DOWN PAR VALUE OF F N M A #995265 5.500% 1/01/24 NOVEMBER FNMA DUE 12/25/21 (7,883.00) - 7,883.00 (7,945.01) - (62.01) Page 73 of 102111 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 2017 Financing STAMP Portfolio Transaction Report by Account 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/27/2021 31416BTW8 INTEREST EARNED ON F N M A #995265 5.500% 1/01/24 $1 PV ON 391.4100 SHARES DUE 12/25/2021 NOVEMBER FNMA DUE 12/25/21 - - 391.41 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/27/2021 12/27/2021 12/27/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 692.50 1.00 (692.50) 692.50 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/27/2021 12/27/2021 12/27/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 31,094.95 1.00 (31,094.95) 31,094.95 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/29/2021 06367CLT2 INTEREST EARNED ON BANK MONTREAL C D 0.20147% 9/27/22 $1 PV ON 225000.0000 SHARES DUE 12/29/2021 - - 115.50 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/29/2021 12/29/2021 12/29/2021 26055AZV1 MATURED PAR VALUE OF DOW CHEM CO DISC COML C P 12/29/21 550,000 PAR VALUE AT 100 % (550,000.00) 1.00 549,743.33 (549,743.33) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/29/2021 26055AZV1 INTEREST EARNED ON DOW CHEM CO DISC COML C P 12/29/21 $1 PV ON 550000.0000 SHARES DUE 12/29/2021 550,000 PAR VALUE AT 100 % - - 256.67 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/29/2021 12/29/2021 12/29/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 550,115.50 1.00 (550,115.50) 550,115.50 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/29/2021 31846V203 CASH RECEIPT SHORT-TERM CAPITAL GAIN DIV FIRST AM GOVT OB FD CL Y STCG PAYABLE 12/29/2021 - - 0.98 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/29/2021 12/29/2021 12/29/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (549,997.19) 1.00 549,997.19 (549,997.19) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/29/2021 12/29/2021 12/29/2021 97665RZW5 PURCHASED PAR VALUE OF WISCONSIN ELEC PWR CO C P 12/30/21 /J.P. MORGAN SECURITIES LLC/550,000 PAR VALUE AT 99.99966727 % 550,000.00 1.00 (549,998.17) 549,998.17 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/30/2021 12/30/2021 12/30/2021 13013KAA1 MATURED PAR VALUE OF CALIFORNIA CMNTY 0.250% 12/30/21 150,000 PAR VALUE AT 100 % (150,000.00) 1.00 150,000.00 (150,000.00) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/30/2021 13013KAA1 INTEREST EARNED ON CALIFORNIA CMNTY 0.250% 12/30/21 $1 PV ON 150000.0000 SHARES DUE 12/30/2021 ACCRUED INTEREST ON 12/30/2021 MATURITY - - 280.21 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/30/2021 12/30/2021 12/30/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 280.21 1.00 (280.21) 280.21 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/30/2021 12/30/2021 12/30/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 700,000.00 1.00 (700,000.00) 700,000.00 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/30/2021 97665RZW5 INTEREST EARNED ON WISCONSIN ELEC PWR CO C P 12/30/21 $1 PV ON 550000.0000 SHARES DUE 12/30/2021 550,000 PAR VALUE AT 100 % - - 1.83 - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/30/2021 12/30/2021 12/30/2021 97665RZW5 MATURED PAR VALUE OF WISCONSIN ELEC PWR CO C P 12/30/21 550,000 PAR VALUE AT 100 % (550,000.00) 1.00 549,998.17 (549,998.17) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/31/2021 02582JHS2 AMORTIZED PREMIUM ON AMERICAN EXPRESS 0.48705% 10/15/25 CURRENT YEAR AMORTIZATION - - - (108.05) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/31/2021 05966DB43 AMORTIZED PREMIUM ON BANCO SANTANDER C D 0.220% 2/07/22 CURRENT YEAR AMORTIZATION - - - (63.32) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/31/2021 06051GFB0 AMORTIZED PREMIUM ON BANK OF AMERICA MTN 4.125% 1/22/24 CURRENT YEAR AMORTIZATION - - - (2,904.08) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/31/2021 12597PAC2 AMORTIZED PREMIUM ON CNH EQUIPMENT TRUST 1.160% 6/16/25 CURRENT YEAR AMORTIZATION - - - (24.14) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/31/2021 13032UXJ2 AMORTIZED PREMIUM ON CALIFORNIA HEALTH 0.417% 6/01/22 CURRENT YEAR AMORTIZATION - - - (26.31) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/31/2021 14042WAC4 AMORTIZED PREMIUM ON CAPITAL ONE PRIME 2.510% 11/15/23 CURRENT YEAR AMORTIZATION - - - (44.52) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/31/2021 14313FAD1 AMORTIZED PREMIUM ON CARMAX AUTO OWNER 3.130% 6/15/23 CURRENT YEAR AMORTIZATION - - - (55.96) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/31/2021 14315FAF4 AMORTIZED PREMIUM ON CARMAX AUTO OWNER 1.090% 3/16/26 CURRENT YEAR AMORTIZATION - - - (3.12) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/31/2021 14315PAD7 AMORTIZED PREMIUM ON CARMAX AUTO OWNER 2.180% 8/15/24 CURRENT YEAR AMORTIZATION - - - (97.00) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/31/2021 14315XAC2 AMORTIZED PREMIUM ON CARMAX AUTO OWNER 1.890% 12/16/24 CURRENT YEAR AMORTIZATION - - - (27.56) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/31/2021 14316LAC7 AMORTIZED PREMIUM ON CARMAX AUTO OWNER 2.680% 3/15/24 CURRENT YEAR AMORTIZATION - - - (117.30) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/31/2021 14687AAM0 AMORTIZED PREMIUM ON CARVANA AUTO REC 0.280% 11/08/23 CURRENT YEAR AMORTIZATION - - - (0.14) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/31/2021 14687BAF3 AMORTIZED PREMIUM ON CARVANA AUTO RECB 0.280% 3/10/24 CURRENT YEAR AMORTIZATION - - - (1.86) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/31/2021 172967LQ2 AMORTIZED PREMIUM ON CITIGROUP INC 2.700% 10/27/22 CURRENT YEAR AMORTIZATION - - - (3,172.82) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/31/2021 233854AC2 AMORTIZED PREMIUM ON DAIMLER TRUCKS 1.220% 9/15/23 CURRENT YEAR AMORTIZATION - - - (20.96) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/31/2021 3133T52K8 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 6.000% 7/17/24 CURRENT YEAR AMORTIZATION - - - (405.68) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/31/2021 3137B7YX1 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.592% 4/25/23 CURRENT YEAR AMORTIZATION - - - (21.78) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/31/2021 3137BC2N7 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.364% 2/25/23 CURRENT YEAR AMORTIZATION - - - (16.15) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/31/2021 3137BJQ71 AMORTIZED PREMIUM ON F H L M C MLTCL MT 2.76996% 5/25/25 CURRENT YEAR AMORTIZATION - - - (90.14) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/31/2021 3137G0FJ3 AMORTIZED PREMIUM ON F H L M C MLTCL 3.24015% 5/25/25 CURRENT YEAR AMORTIZATION - - - (12.64) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/31/2021 31416BTW8 AMORTIZED PREMIUM ON F N M A #995265 5.500% 1/01/24 CURRENT YEAR AMORTIZATION - - - (12.82) - - Page 74 of 102112 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 2017 Financing STAMP Portfolio Transaction Report by Account 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/31/2021 12/31/2021 12/31/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (78,282.89) 1.00 78,282.89 (78,282.89) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/31/2021 12/31/2021 12/31/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (900,545.73) 1.00 900,545.73 (900,545.73) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/31/2021 34528QHL1 AMORTIZED PREMIUM ON FORD CREDIT MSTR 0.69105% 9/15/25 CURRENT YEAR AMORTIZATION - - - (290.93) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/31/2021 362569AA3 AMORTIZED PREMIUM ON GM FIN AUTO LEASE 0.35001% 11/21/22 CURRENT YEAR AMORTIZATION - - - (0.73) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/31/2021 36258MAF1 AMORTIZED PREMIUM ON GM FIN CONS ATMB 2.040% 2/18/25 CURRENT YEAR AMORTIZATION - - - (165.33) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/31/2021 36259PAB2 AMORTIZED PREMIUM ON GM FIN AUTO LEASE 0.71011% 10/20/22 CURRENT YEAR AMORTIZATION - - - (0.14) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/31/2021 38013FAD3 AMORTIZED PREMIUM ON GM FINANCIAL 3.210% 10/16/23 CURRENT YEAR AMORTIZATION - - - (9.60) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/31/2021 38378JZD7 AMORTIZED PREMIUM ON G N M A GTD REMIC 1.500% 12/20/40 CURRENT YEAR AMORTIZATION - - - (4.41) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/31/2021 43814WAC9 AMORTIZED PREMIUM ON HONDA AUTO 2.830% 3/20/23 CURRENT YEAR AMORTIZATION - - - (31.44) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/31/2021 46625HJD3 AMORTIZED PREMIUM ON JPMORGAN CHASE CO 4.500% 1/24/22 CURRENT YEAR AMORTIZATION - - - (18,426.39) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/31/2021 58769EAC2 AMORTIZED PREMIUM ON MERCEDES BENZ AUTO 0.400% 11/15/23 CURRENT YEAR AMORTIZATION - - - (11.61) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/31/2021 61744YAQ1 INTEREST EARNED ON MORGAN STANLEY 3.737% 4/24/24 $1 PV ON 430000.0000 SHARES DUE 12/31/2021 *** TAX INCOME ONLY *** - - - - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/31/2021 61744YAQ1 AMORTIZED PREMIUM ON MORGAN STANLEY 3.737% 4/24/24 CURRENT YEAR AMORTIZATION - - - (2,409.87) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/31/2021 65474VAQ4 AMORTIZED PREMIUM ON NISSAN MASTER 0.75905% 2/15/24 CURRENT YEAR AMORTIZATION - - - (50.59) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/31/2021 80285RAE8 AMORTIZED PREMIUM ON SANTANDER DRIVE 0.960% 11/15/24 CURRENT YEAR AMORTIZATION - - - (4.89) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/31/2021 80286NAF3 AMORTIZED PREMIUM ON SANTANDER DRIVE 0.750% 2/17/26 CURRENT YEAR AMORTIZATION - - - (2.71) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/31/2021 912828H86 AMORTIZED PREMIUM ON U S TREASURY NT 1.500% 1/31/22 CURRENT YEAR AMORTIZATION - - - (2,408.87) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/31/2021 912828J43 AMORTIZED PREMIUM ON U S TREASURY NT 1.750% 2/28/22 CURRENT YEAR AMORTIZATION - - - (8,717.55) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/31/2021 912828ZD5 AMORTIZED PREMIUM ON U S TREASURY NT 0.500% 3/15/23 CURRENT YEAR AMORTIZATION - - - (832.62) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/31/2021 12/30/2021 12/31/2021 91282CCQ2 PURCHASED PAR VALUE OF U S TREASURY NT 0.00001% 7/31/23 /DEUTSCHE BANK SECURITIES, INC./900,000 PAR VALUE AT 100.04644333 % 900,000.00 1.00 (900,417.99) 900,417.99 - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/31/2021 12/31/2021 91282CCQ2 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 0.00001% 7/31/23 - - (173.88) - - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/31/2021 927804FJ8 AMORTIZED PREMIUM ON VIRGINIA EL PWR 3.450% 9/01/22 CURRENT YEAR AMORTIZATION - - - (6,585.13) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/31/2021 95000U2C6 AMORTIZED PREMIUM ON WELLS FARGO MTN 3.750% 1/24/24 CURRENT YEAR AMORTIZATION - - - (2,507.12) - - 240907004 RCTC 2017 TIFIA PRJ SALES TAX REV 12/31/2021 98162HAC4 AMORTIZED PREMIUM ON WORLD OMNI 1.700% 1/15/23 CURRENT YEAR AMORTIZATION - - - (24.36) - - 78,236.75 (3,635,254.79) (5,697.15) (463.16) 240907020 RCTC 2017 TIFIA RAMP UP FD 10/01/2021 09/30/2021 10/01/2021 3137AXHN6 SOLD PAR VALUE OF F H L M C MLTCL MTG 1.749% 2/25/22 /MORGAN STANLEY & CO. LLC/1,588.07 PAR VALUE AT 100.0006297 % (1,588.07) 1.00 1,588.08 (1,566.23) - 21.85 240907020 RCTC 2017 TIFIA RAMP UP FD 10/01/2021 10/01/2021 10/01/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (146,557.03) 1.00 146,557.03 (146,557.03) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/01/2021 10/01/2021 10/01/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 30,685.07 1.00 (30,685.07) 30,685.07 - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/01/2021 31846V203 INTEREST EARNED ON FIRST AM GOVT OB FD CL Y UNIT ON 0.0000 SHARES DUE 9/30/2021 INTEREST FROM 9/1/21 TO 9/30/21 - - 0.81 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/01/2021 09/30/2021 10/01/2021 38378KWU9 SOLD PAR VALUE OF G N M A GTD REMIC 1.400% 10/16/41 /MORGAN STANLEY & CO. LLC/4,020.63 PAR VALUE AT 99.96493087 % (4,020.63) 1.00 4,019.22 (3,771.85) - 247.37 240907020 RCTC 2017 TIFIA RAMP UP FD 10/01/2021 10/01/2021 91282CCQ2 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 0.00001% 7/31/23 - - (35.21) - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/01/2021 09/30/2021 10/01/2021 91282CCQ2 PURCHASED PAR VALUE OF U S TREASURY NT 0.00001% 7/31/23 /NWSCUS33 DEUTSCHE BK SECS NY/265,000 PAR VALUE AT 100.00556226 % 265,000.00 1.00 (265,014.74) 265,014.74 - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/04/2021 10/04/2021 10/04/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 0.81 1.00 (0.81) 0.81 - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/13/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 115.60 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/13/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (115.60) - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/13/2021 10/13/2021 10/13/2021 3134GWY42 FULL CALL PAR VALUE OF F H L M C M T N 0.300% 10/13/23 /CALLS/ (100,000.00) 1.00 100,000.00 (99,950.00) - 50.00 240907020 RCTC 2017 TIFIA RAMP UP FD 10/13/2021 3134GWY42 INTEREST EARNED ON F H L M C M T N 0.300% 10/13/23 $1 PV ON 100000.0000 SHARES DUE 10/13/2021 - - 150.00 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/13/2021 10/13/2021 10/13/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 100,150.00 1.00 (100,150.00) 100,150.00 - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/13/2021 10/13/2021 10/13/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (405.83) 1.00 405.83 (405.83) - - Page 75 of 102113 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 2017 Financing STAMP Portfolio Transaction Report by Account 240907020 RCTC 2017 TIFIA RAMP UP FD 10/13/2021 36179RFD6 AMORTIZED PREMIUM ON G N M A I I #MA2864 3.000% 6/20/30 CURRENT YEAR AMORTIZATION - - - (4.46) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/13/2021 09/30/2021 10/01/2021 36179RFD6 SOLD PAR VALUE OF G N M A I I #MA2864 3.000% 6/20/30 /STONEX FINANCIAL INC./14,921.21 PAR VALUE AT 104.9375071 % (14,921.21) 1.05 15,657.95 (15,433.43) - 224.52 240907020 RCTC 2017 TIFIA RAMP UP FD 10/15/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (7,205.95) - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/15/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 7,205.95 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/15/2021 CASH RECEIPT PRINCIPAL DUE CUSIP3622A2GC0 - - 1,444.98 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/15/2021 3128MMT52 INTEREST EARNED ON F H L M C GD G18571 2.500% 10/01/30 $1 PV ON 410.3000 SHARES DUE 10/15/2021 P & I DUE 10/15/21 - - 410.30 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/15/2021 3128MMT52 AMORTIZED PREMIUM ON F H L M C GD G18571 2.500% 10/01/30 CURRENT YEAR AMORTIZATION - - - (168.17) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/15/2021 10/15/2021 10/15/2021 3128MMT52 PAID DOWN PAR VALUE OF F H L M C GD G18571 2.500% 10/01/30 P & I DUE 10/15/21 (6,685.76) - 6,685.76 (6,958.08) (272.32) - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/15/2021 3128MMUL5 AMORTIZED PREMIUM ON F H L M C GD G18586 2.500% 2/01/31 CURRENT YEAR AMORTIZATION - - - (14.71) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/15/2021 10/15/2021 10/15/2021 3128MMUL5 PAID DOWN PAR VALUE OF F H L M C GD G18586 2.500% 2/01/31 P & I DUE 10/15/21 (606.95) - 606.95 (633.90) (26.95) - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/15/2021 3128MMUL5 INTEREST EARNED ON F H L M C GD G18586 2.500% 2/01/31 $1 PV ON 33.9600 SHARES DUE 10/15/2021 P & I DUE 10/15/21 - - 33.96 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/15/2021 10/15/2021 10/15/2021 31307NP40 PAID DOWN PAR VALUE OF F H L M C GD J32243 3.000% 7/01/30 P & I DUE 10/15/21 (2,775.18) - 2,775.18 (2,945.00) (169.82) - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/15/2021 31307NP40 INTEREST EARNED ON F H L M C GD J32243 3.000% 7/01/30 $1 PV ON 190.9300 SHARES DUE 10/15/2021 P & I DUE 10/15/21 - - 190.93 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/15/2021 31307NP40 AMORTIZED PREMIUM ON F H L M C GD J32243 3.000% 7/01/30 CURRENT YEAR AMORTIZATION - - - (105.57) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/15/2021 3137AQQE1 INTEREST EARNED ON F H L M C MLTCL MTG 1.500% 5/15/27 $1 PV ON 45.2200 SHARES DUE 10/15/2021 $0.00125/PV ON 36,171.26 PV DUE 10/15/21 - - 45.22 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/15/2021 10/15/2021 10/15/2021 3137AQQE1 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 1.500% 5/15/27 (1,003.38) - 1,003.38 (1,017.73) (14.35) - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/15/2021 3137AQQE1 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 1.500% 5/15/27 CURRENT YEAR AMORTIZATION - - - (18.11) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/15/2021 10/15/2021 10/15/2021 3137AWWM3 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 1.250% 12/15/27 (553.34) - 553.34 (558.88) (5.54) - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/15/2021 3137AWWM3 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 1.250% 12/15/27 CURRENT YEAR AMORTIZATION - - - (6.35) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/15/2021 3137AWWM3 INTEREST EARNED ON F H L M C MLTCL MTG 1.250% 12/15/27 $1 PV ON 20.3500 SHARES DUE 10/15/2021 $0.00104/PV ON 19,534.93 PV DUE 10/15/21 - - 20.35 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/15/2021 10/15/2021 10/15/2021 3137AYSH5 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 1.750% 12/15/42 (2,726.74) - 2,726.74 (2,783.07) (56.33) - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/15/2021 3137AYSH5 INTEREST EARNED ON F H L M C MLTCL MTG 1.750% 12/15/42 $1 PV ON 166.5200 SHARES DUE 10/15/2021 $0.00146/PV ON 114,183.98 PV DUE 10/15/21 - - 166.52 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/15/2021 3137AYSH5 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 1.750% 12/15/42 CURRENT YEAR AMORTIZATION - - - (38.80) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/15/2021 3137B2Z78 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 1.400% 7/15/23 CURRENT YEAR AMORTIZATION - - - (7.79) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/15/2021 10/15/2021 10/15/2021 3137B2Z78 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 1.400% 7/15/23 (3,940.92) - 3,940.92 (3,950.88) (9.96) - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/15/2021 3137B2Z78 INTEREST EARNED ON F H L M C MLTCL MTG 1.400% 7/15/23 $1 PV ON 37.3000 SHARES DUE 10/15/2021 $0.00117/PV ON 31,971.28 PV DUE 10/15/21 - - 37.30 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/15/2021 3137B6DF5 INTEREST EARNED ON F H L M C MLTCL MTG 2.000% 11/15/26 $1 PV ON 101.0500 SHARES DUE 10/15/2021 $0.00167/PV ON 60,629.79 PV DUE 10/15/21 - - 101.05 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/15/2021 10/15/2021 10/15/2021 3137B6DF5 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.000% 11/15/26 (3,230.18) - 3,230.18 (3,283.53) (53.35) - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/15/2021 3137B6DF5 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.000% 11/15/26 CURRENT YEAR AMORTIZATION - - - (39.43) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/15/2021 10/15/2021 10/15/2021 3137B84S3 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.000% 2/15/29 (2,113.55) - 2,113.55 (2,087.13) - 26.42 240907020 RCTC 2017 TIFIA RAMP UP FD 10/15/2021 3137B84S3 INTEREST EARNED ON F H L M C MLTCL MTG 2.000% 2/15/29 $1 PV ON 57.1400 SHARES DUE 10/15/2021 $0.00167/PV ON 34,282.81 PV DUE 10/15/21 - - 57.14 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/15/2021 3137B9RN7 INTEREST EARNED ON F H L M C MLTCL MTG 2.500% 12/15/27 $1 PV ON 134.5500 SHARES DUE 10/15/2021 $0.00208/PV ON 64,582.01 PV DUE 10/15/21 - - 134.55 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/15/2021 10/15/2021 10/15/2021 3137B9RN7 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.500% 12/15/27 (3,775.59) - 3,775.59 (3,836.94) (61.35) - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/15/2021 3137B9RN7 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.500% 12/15/27 CURRENT YEAR AMORTIZATION - - - (33.67) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/15/2021 10/15/2021 10/15/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 12,820.69 1.00 (12,820.69) 12,820.69 - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/15/2021 10/15/2021 10/15/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 29,167.90 1.00 (29,167.90) 29,167.90 - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/15/2021 10/15/2021 10/15/2021 36176XQB8 PAID DOWN PAR VALUE OF G N M A #779250 3.000% 5/15/27 SEPTEMBER GNMA DUE 10/15/21 (5,171.59) - 5,171.59 (5,358.51) (186.92) - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/15/2021 36176XQB8 AMORTIZED PREMIUM ON G N M A #779250 3.000% 5/15/27 CURRENT YEAR AMORTIZATION - - - (177.84) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/15/2021 36176XQB8 INTEREST EARNED ON G N M A #779250 3.000% 5/15/27 $1 PV ON 373.5400 SHARES DUE 10/15/2021 SEPTEMBER GNMA DUE 10/15/21 - - 373.54 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/15/2021 3622A2GC0 INTEREST EARNED ON G N M A #783795 2.500% 3/15/28 $1 PV ON 47490.3600 SHARES DUE 10/15/2021 - - 98.94 - - - Page 76 of 102114 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 2017 Financing STAMP Portfolio Transaction Report by Account 240907020 RCTC 2017 TIFIA RAMP UP FD 10/15/2021 912828YK0 AMORTIZED PREMIUM ON U S TREASURY NT 1.375% 10/15/22 CURRENT YEAR AMORTIZATION - - - (2,411.20) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/15/2021 912828YK0 INTEREST EARNED ON U S TREASURY NT 1.375% 10/15/22 $1 PV ON 815000.0000 SHARES DUE 10/15/2021 - - 5,603.13 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/15/2021 91282CAP6 INTEREST EARNED ON U S TREASURY NT 0.125% 10/15/23 $1 PV ON 1100000.0000 SHARES DUE 10/15/2021 - - 687.50 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/18/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 871.18 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/18/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (871.18) - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/18/2021 10/18/2021 10/18/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 2,096.48 1.00 (2,096.48) 2,096.48 - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/18/2021 10/18/2021 10/18/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 860.84 1.00 (860.84) 860.84 - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/18/2021 38375XCM4 AMORTIZED PREMIUM ON G N M A GTD REMIC 5.000% 11/16/37 CURRENT YEAR AMORTIZATION - - - (1.74) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/18/2021 10/16/2021 10/18/2021 38375XCM4 PAID DOWN PAR VALUE OF G N M A GTD REMIC 5.000% 11/16/37 (911.71) - 911.71 (926.80) - (15.09) 240907020 RCTC 2017 TIFIA RAMP UP FD 10/18/2021 38375XCM4 INTEREST EARNED ON G N M A GTD REMIC 5.000% 11/16/37 $1 PV ON 21.5800 SHARES DUE 10/16/2021 $0.00417/PV ON 5,178.56 PV DUE 10/16/21 - - 21.58 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/18/2021 10/16/2021 10/18/2021 38376T5Z1 PAID DOWN PAR VALUE OF G N M A GTD REMIC 3.000% 1/16/39 (789.77) - 789.77 (815.83) (26.06) - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/18/2021 38376T5Z1 INTEREST EARNED ON G N M A GTD REMIC 3.000% 1/16/39 $1 PV ON 71.0700 SHARES DUE 10/16/2021 $0.00250/PV ON 28,428.28 PV DUE 10/16/21 - - 71.07 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/18/2021 38376T5Z1 AMORTIZED PREMIUM ON G N M A GTD REMIC 3.000% 1/16/39 CURRENT YEAR AMORTIZATION - - - (18.98) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/18/2021 10/16/2021 10/18/2021 38376V2E6 PAID DOWN PAR VALUE OF G N M A GTD REMIC 4.000% 7/16/39 (402.15) - 402.15 (412.13) - (9.98) 240907020 RCTC 2017 TIFIA RAMP UP FD 10/18/2021 38376V2E6 INTEREST EARNED ON G N M A GTD REMIC 4.000% 7/16/39 $1 PV ON 40.3800 SHARES DUE 10/16/2021 $0.00333/PV ON 12,114.95 PV DUE 10/16/21 - - 40.38 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/18/2021 38376V2E6 AMORTIZED PREMIUM ON G N M A GTD REMIC 4.000% 7/16/39 CURRENT YEAR AMORTIZATION - - - (5.93) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/18/2021 10/16/2021 10/18/2021 38378VC45 PAID DOWN PAR VALUE OF G N M A GTD REMIC 2.250% 12/16/41 (665.92) - 665.92 (641.88) - 24.04 240907020 RCTC 2017 TIFIA RAMP UP FD 10/18/2021 38378VC45 INTEREST EARNED ON G N M A GTD REMIC 2.250% 12/16/41 $1 PV ON 54.7400 SHARES DUE 10/16/2021 $0.00188/PV ON 29,196.72 PV DUE 10/16/21 - - 54.74 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/19/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (71.07) - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/19/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 71.07 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/20/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 459.41 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/20/2021 CASH RECEIPT PRINCIPAL DUE CUSIP36179Q2A8 - - 1,997.33 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/20/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (459.41) - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/20/2021 10/20/2021 10/20/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 2,587.54 1.00 (2,587.54) 2,587.54 - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/20/2021 10/20/2021 10/20/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 8,139.71 1.00 (8,139.71) 8,139.71 - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/20/2021 36179NAJ7 AMORTIZED PREMIUM ON G N M A I I #MA0909 3.000% 4/20/28 CURRENT YEAR AMORTIZATION - - - (11.50) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/20/2021 10/20/2021 10/20/2021 36179NAJ7 PAID DOWN PAR VALUE OF G N M A I I #MA0909 3.000% 4/20/28 SEPTEMBER GNMA DUE 10/20/21 (306.64) - 306.64 (317.85) - (11.21) 240907020 RCTC 2017 TIFIA RAMP UP FD 10/20/2021 36179NAJ7 INTEREST EARNED ON G N M A I I #MA0909 3.000% 4/20/28 $1 PV ON 27.1800 SHARES DUE 10/20/2021 SEPTEMBER GNMA DUE 10/20/21 - - 27.18 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/20/2021 36179NHK7 AMORTIZED PREMIUM ON G N M A I I #MA1134 3.000% 7/20/28 CURRENT YEAR AMORTIZATION - - - (58.89) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/20/2021 10/20/2021 10/20/2021 36179NHK7 PAID DOWN PAR VALUE OF G N M A I I #MA1134 3.000% 7/20/28 SEPTEMBER GNMA DUE 10/20/21 (2,098.36) - 2,098.36 (2,154.38) - (56.02) 240907020 RCTC 2017 TIFIA RAMP UP FD 10/20/2021 36179NHK7 INTEREST EARNED ON G N M A I I #MA1134 3.000% 7/20/28 $1 PV ON 196.8900 SHARES DUE 10/20/2021 SEPTEMBER GNMA DUE 10/20/21 - - 196.89 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/20/2021 36179NKP2 AMORTIZED PREMIUM ON G N M A II #MA1202 2.500% 8/20/28 CURRENT YEAR AMORTIZATION - - - (21.06) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/20/2021 10/20/2021 10/20/2021 36179NKP2 PAID DOWN PAR VALUE OF G N M A II #MA1202 2.500% 8/20/28 SEPTEMBER GNMA DUE 10/20/21 (636.94) - 636.94 (659.39) (22.45) - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/20/2021 36179NKP2 INTEREST EARNED ON G N M A II #MA1202 2.500% 8/20/28 $1 PV ON 46.7100 SHARES DUE 10/20/2021 SEPTEMBER GNMA DUE 10/20/21 - - 46.71 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/20/2021 36179Q2A8 INTEREST EARNED ON G N M A I I #MA2569 3.000% 2/20/30 $1 PV ON 66074.5900 SHARES DUE 10/20/2021 - - 165.19 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/20/2021 10/20/2021 10/20/2021 36179RFD6 PAID DOWN PAR VALUE OF G N M A I I #MA2864 3.000% 6/20/30 P & I DUE 10/20/21 (386.75) - 386.75 (399.84) - (13.09) 240907020 RCTC 2017 TIFIA RAMP UP FD 10/20/2021 36179RFD6 INTEREST EARNED ON G N M A I I #MA2864 3.000% 6/20/30 $1 PV ON 38.2700 SHARES DUE 10/20/2021 P & I DUE 10/20/21 - - 38.27 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/20/2021 36179RFD6 AMORTIZED PREMIUM ON G N M A I I #MA2864 3.000% 6/20/30 CURRENT YEAR AMORTIZATION - - - (0.19) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/20/2021 36202F2H8 INTEREST EARNED ON G N M A I I #005276 3.000% 1/20/27 $1 PV ON 41.6600 SHARES DUE 10/20/2021 SEPTEMBER GNMA DUE 10/20/21 - - 41.66 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/20/2021 10/20/2021 10/20/2021 36202F2H8 PAID DOWN PAR VALUE OF G N M A I I #005276 3.000% 1/20/27 SEPTEMBER GNMA DUE 10/20/21 (506.14) - 506.14 (512.50) - (6.36) Page 77 of 102115 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 2017 Financing STAMP Portfolio Transaction Report by Account 240907020 RCTC 2017 TIFIA RAMP UP FD 10/20/2021 36202F2H8 AMORTIZED PREMIUM ON G N M A I I #005276 3.000% 1/20/27 CURRENT YEAR AMORTIZATION - - - (7.27) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/20/2021 36202F3H7 AMORTIZED PREMIUM ON G N M A I I #005300 3.000% 2/20/27 CURRENT YEAR AMORTIZATION - - - (19.23) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/20/2021 10/20/2021 10/20/2021 36202F3H7 PAID DOWN PAR VALUE OF G N M A I I #005300 3.000% 2/20/27 SEPTEMBER GNMA DUE 10/20/21 (640.81) - 640.81 (660.06) - (19.25) 240907020 RCTC 2017 TIFIA RAMP UP FD 10/20/2021 36202F3H7 INTEREST EARNED ON G N M A I I #005300 3.000% 2/20/27 $1 PV ON 46.7300 SHARES DUE 10/20/2021 SEPTEMBER GNMA DUE 10/20/21 - - 46.73 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/20/2021 10/20/2021 10/20/2021 38377LFC7 PAID DOWN PAR VALUE OF G N M A GTD REMIC 2.500% 12/20/39 (1,574.06) - 1,574.06 (1,588.27) (14.21) - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/20/2021 38377LFC7 INTEREST EARNED ON G N M A GTD REMIC 2.500% 12/20/39 $1 PV ON 18.1000 SHARES DUE 10/20/2021 $0.00208/PV ON 8,686.80 PV DUE 10/20/21 - - 18.10 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/20/2021 38377LFC7 AMORTIZED PREMIUM ON G N M A GTD REMIC 2.500% 12/20/39 CURRENT YEAR AMORTIZATION - - - (1.38) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/20/2021 10/20/2021 10/20/2021 38377QKH9 PAID DOWN PAR VALUE OF G N M A GTD REMIC 3.000% 8/20/40 (448.75) - 448.75 (453.74) - (4.99) 240907020 RCTC 2017 TIFIA RAMP UP FD 10/20/2021 38377QKH9 INTEREST EARNED ON G N M A GTD REMIC 3.000% 8/20/40 $1 PV ON 17.0900 SHARES DUE 10/20/2021 $0.00250/PV ON 6,835.16 PV DUE 10/20/21 - - 17.09 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/20/2021 38377QKH9 AMORTIZED PREMIUM ON G N M A GTD REMIC 3.000% 8/20/40 CURRENT YEAR AMORTIZATION - - - (1.30) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/20/2021 10/20/2021 10/20/2021 38378HAU0 PAID DOWN PAR VALUE OF G N M A GTD REMIC 1.500% 8/20/27 (1,103.53) - 1,103.53 (1,117.84) (14.31) - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/20/2021 38378HAU0 INTEREST EARNED ON G N M A GTD REMIC 1.500% 8/20/27 $1 PV ON 54.4100 SHARES DUE 10/20/2021 $0.00125/PV ON 43,525.95 PV DUE 10/20/21 - - 54.41 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/20/2021 38378HAU0 AMORTIZED PREMIUM ON G N M A GTD REMIC 1.500% 8/20/27 CURRENT YEAR AMORTIZATION - - - (19.09) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/20/2021 10/20/2021 10/20/2021 38378JZD7 PAID DOWN PAR VALUE OF G N M A GTD REMIC 1.500% 12/20/40 (365.07) - 365.07 (360.51) - 4.56 240907020 RCTC 2017 TIFIA RAMP UP FD 10/20/2021 38378JZD7 INTEREST EARNED ON G N M A GTD REMIC 1.500% 12/20/40 $1 PV ON 10.6400 SHARES DUE 10/20/2021 $0.00125/PV ON 8,511.44 PV DUE 10/20/21 - - 10.64 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/21/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (203.46) - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/21/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 203.46 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/21/2021 10/21/2021 10/21/2021 38378KWU9 DISTRIBUTED PAR VALUE OF G N M A GTD REMIC 1.400% 10/16/41 VALUED AT 0.01 (0.01) - - (0.01) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/22/2021 CASH RECEIPT PRINCIPAL DUE PRINCIPAL DUE 10/16/21; 38378KWU9 - - 58.32 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/22/2021 10/22/2021 10/22/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 63.01 1.00 (63.01) 63.01 - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/22/2021 38378KWU9 INTEREST EARNED ON G N M A GTD REMIC 1.400% 10/16/41 $1 PV ON 4020.6400 SHARES DUE 10/16/2021 - - 4.69 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 3,400.85 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (3,400.85) - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3132A8GL7 AMORTIZED PREMIUM ON F H L M C #ZS7403 3.000% 5/01/31 CURRENT YEAR AMORTIZATION - - - (73.95) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 10/25/2021 10/25/2021 3132A8GL7 PAID DOWN PAR VALUE OF F H L M C #ZS7403 3.000% 5/01/31 SEPTEMBER FHLMC DUE 10/25/21 (1,589.14) - 1,589.14 (1,681.05) (91.91) - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3132A8GL7 INTEREST EARNED ON F H L M C #ZS7403 3.000% 5/01/31 $1 PV ON 152.1500 SHARES DUE 10/25/2021 SEPTEMBER FHLMC DUE 10/25/21 - - 152.15 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 10/25/2021 10/25/2021 3132AEF68 PAID DOWN PAR VALUE OF F H L M C #ZT1989 3.500% 1/01/33 P & I DUE 10/25/21 (814.00) - 814.00 (877.88) (63.88) - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3132AEF68 INTEREST EARNED ON F H L M C #ZT1989 3.500% 1/01/33 $1 PV ON 117.4800 SHARES DUE 10/25/2021 P & I DUE 10/25/21 - - 117.48 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3132AEF68 AMORTIZED PREMIUM ON F H L M C #ZT1989 3.500% 1/01/33 CURRENT YEAR AMORTIZATION - - - (65.86) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 10/25/2021 10/25/2021 3132AEFC5 PAID DOWN PAR VALUE OF F H L M C #ZT1963 3.500% 11/01/30 P & I DUE 10/25/21 (1,915.46) - 1,915.46 (2,030.63) (52.80) (62.37) 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3132AEFC5 INTEREST EARNED ON F H L M C #ZT1963 3.500% 11/01/30 $1 PV ON 236.7600 SHARES DUE 10/25/2021 P & I DUE 10/25/21 - - 236.76 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3132AEFC5 AMORTIZED PREMIUM ON F H L M C #ZT1963 3.500% 11/01/30 CURRENT YEAR AMORTIZATION - - - (117.80) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 10/25/2021 10/25/2021 3133Q5GZ3 PAID DOWN PAR VALUE OF F H L M C GTD REMIC 1.000% 9/25/33 (1,843.05) - 1,843.05 (1,863.73) (20.68) - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3133Q5GZ3 INTEREST EARNED ON F H L M C GTD REMIC 1.000% 9/25/33 $1 PV ON 51.4500 SHARES DUE 10/25/2021 $0.00083/PV ON 61,742.39 PV DUE 10/25/21 - - 51.45 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3133Q5GZ3 AMORTIZED PREMIUM ON F H L M C GTD REMIC 1.000% 9/25/33 CURRENT YEAR AMORTIZATION - - - (18.65) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3136A72D3 INTEREST EARNED ON F N M A GTD REMIC 2.482% 4/25/22 $1 PV ON 7.8900 SHARES DUE 10/25/2021 $0.00207/PV ON 3,816.91 PV DUE 10/25/21 - - 7.89 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 10/25/2021 10/25/2021 3136A72D3 PAID DOWN PAR VALUE OF F N M A GTD REMIC 2.482% 4/25/22 (1,036.06) - 1,036.06 (1,037.16) - (1.10) 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3136A72D3 AMORTIZED PREMIUM ON F N M A GTD REMIC 2.482% 4/25/22 CURRENT YEAR AMORTIZATION - - - (0.67) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3136A7D25 AMORTIZED PREMIUM ON F N M A GTD REMIC 3.000% 7/25/41 CURRENT YEAR AMORTIZATION - - - (4.80) - - Page 78 of 102116 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 2017 Financing STAMP Portfolio Transaction Report by Account 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 10/25/2021 10/25/2021 3136A7D25 PAID DOWN PAR VALUE OF F N M A GTD REMIC 3.000% 7/25/41 (949.51) - 949.51 (958.97) (9.46) - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3136A7D25 INTEREST EARNED ON F N M A GTD REMIC 3.000% 7/25/41 $1 PV ON 70.4200 SHARES DUE 10/25/2021 $0.00250/PV ON 28,167.00 PV DUE 10/25/21 - - 70.42 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 10/25/2021 10/25/2021 3136A8SX9 PAID DOWN PAR VALUE OF F N M A GTD REMIC 1.500% 9/25/27 (284.60) - 284.60 (288.82) (4.22) - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3136A8SX9 INTEREST EARNED ON F N M A GTD REMIC 1.500% 9/25/27 $1 PV ON 21.1500 SHARES DUE 10/25/2021 $0.00125/PV ON 16,923.53 PV DUE 10/25/21 - - 21.15 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3136A8SX9 AMORTIZED PREMIUM ON F N M A GTD REMIC 1.500% 9/25/27 CURRENT YEAR AMORTIZATION - - - (8.18) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 10/25/2021 10/25/2021 3136A96F0 PAID DOWN PAR VALUE OF F N M A GTD REMIC 2.183% 11/25/22 (575.03) - 575.03 (557.35) - 17.68 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3136A96F0 INTEREST EARNED ON F N M A GTD REMIC 2.183% 11/25/22 $1 PV ON 54.9000 SHARES DUE 10/25/2021 $0.00182/PV ON 30,167.99 PV DUE 10/25/21 - - 54.90 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3136A96F0 INTEREST EARNED ON F N M A GTD REMIC 2.183% 11/25/22 $1 PV ON 30167.9900 SHARES DUE 10/25/2021 PENALTY PAYMENT - - 1.56 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3136ABNZ2 INTEREST EARNED ON F N M A GTD REMIC 2.000% 11/25/42 $1 PV ON 33.1800 SHARES DUE 10/25/2021 $0.00167/PV ON 19,907.03 PV DUE 10/25/21 - - 33.18 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 10/25/2021 10/25/2021 3136ABNZ2 PAID DOWN PAR VALUE OF F N M A GTD REMIC 2.000% 11/25/42 (778.89) - 778.89 (792.26) (13.37) - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3136ABNZ2 AMORTIZED PREMIUM ON F N M A GTD REMIC 2.000% 11/25/42 CURRENT YEAR AMORTIZATION - - - (5.70) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 10/25/2021 10/25/2021 3136AC7J4 PAID DOWN PAR VALUE OF F N M A GTD REMIC 2.560% 3/25/23 (55.02) - 55.02 (54.12) - 0.90 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3136AC7J4 INTEREST EARNED ON F N M A GTD REMIC 2.560% 3/25/23 $1 PV ON 50.7200 SHARES DUE 10/25/2021 $0.00211/PV ON 24,024.29 PV DUE 10/25/21 - - 50.72 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3136ADZA0 INTEREST EARNED ON F N M A GTD REMIC 1.250% 4/25/28 $1 PV ON 45.6200 SHARES DUE 10/25/2021 $0.00104/PV ON 43,798.44 PV DUE 10/25/21 - - 45.62 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 10/25/2021 10/25/2021 3136ADZA0 PAID DOWN PAR VALUE OF F N M A GTD REMIC 1.250% 4/25/28 (872.02) - 872.02 (880.47) (8.45) - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3136ADZA0 AMORTIZED PREMIUM ON F N M A GTD REMIC 1.250% 4/25/28 CURRENT YEAR AMORTIZATION - - - (12.86) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 10/25/2021 10/25/2021 3136AEY84 PAID DOWN PAR VALUE OF F N M A GTD REMIC 1.750% 7/25/28 (336.49) - 336.49 (341.98) (5.49) - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3136AEY84 INTEREST EARNED ON F N M A GTD REMIC 1.750% 7/25/28 $1 PV ON 28.4300 SHARES DUE 10/25/2021 $0.00146/PV ON 19,497.78 PV DUE 10/25/21 - - 28.43 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3136AEY84 AMORTIZED PREMIUM ON F N M A GTD REMIC 1.750% 7/25/28 CURRENT YEAR AMORTIZATION - - - (9.30) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 10/25/2021 10/25/2021 3136AMM48 PAID DOWN PAR VALUE OF F N M A GTD REMIC 2.509% 7/25/22 (11,598.41) - 11,598.41 (11,322.94) - 275.47 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3136AMM48 INTEREST EARNED ON F N M A GTD REMIC 2.509% 7/25/22 $1 PV ON 48683.2300 SHARES DUE 10/25/2021 PENALTY PAYMENT - - 0.27 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3136AMM48 INTEREST EARNED ON F N M A GTD REMIC 2.509% 7/25/22 $1 PV ON 101.7900 SHARES DUE 10/25/2021 $0.00209/PV ON 48,683.23 PV DUE 10/25/21 - - 101.79 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3136AQZK9 INTEREST EARNED ON F N M A GTD REMIC 2.000% 11/25/31 $1 PV ON 98.5900 SHARES DUE 10/25/2021 $0.00167/PV ON 59,152.11 PV DUE 10/25/21 - - 98.59 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 10/25/2021 10/25/2021 3136AQZK9 PAID DOWN PAR VALUE OF F N M A GTD REMIC 2.000% 11/25/31 (1,220.31) - 1,220.31 (1,253.08) (32.77) - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3136AQZK9 AMORTIZED PREMIUM ON F N M A GTD REMIC 2.000% 11/25/31 CURRENT YEAR AMORTIZATION - - - (38.04) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 10/25/2021 10/25/2021 3137AJMF8 MATURED PAR VALUE OF F H L M C MLTCL MT 2.9676% 10/25/21 1,078.81 PAR VALUE AT 100 % (1,078.81) 1.00 1,078.81 (1,075.23) - 3.58 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 10/25/2021 10/25/2021 3137ATRW4 PAID DOWN PAR VALUE OF F H L M C MULTICLA 2.373% 5/25/22 (257.65) - 257.65 (250.53) - 7.12 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3137ATRW4 INTEREST EARNED ON F H L M C MULTICLA 2.373% 5/25/22 $1 PV ON 191.4100 SHARES DUE 10/25/2021 $0.00190/PV ON 96,793.35 PV DUE 10/25/21 - - 191.41 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3137AXHN6 INTEREST EARNED ON F H L M C MLTCL MTG 1.749% 2/25/22 $1 PV ON 1588.0700 SHARES DUE 10/25/2021 - - 2.31 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3137AYCE9 INTEREST EARNED ON F H L M C MLTCL MTG 2.682% 10/25/22 $1 PV ON 100000.0000 SHARES DUE 10/25/2021 - - 223.50 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3137AYCE9 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.682% 10/25/22 CURRENT YEAR AMORTIZATION - - - (55.68) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 10/25/2021 10/25/2021 3137B1U75 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 3.22404% 1/25/23 (327.49) 139.72 327.49 (321.94) - 5.55 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3137B1U75 INTEREST EARNED ON F H L M C MLTCL MT 3.22404% 1/25/23 $1 PV ON 201.8400 SHARES DUE 10/25/2021 $0.00269/PV ON 96,038.57 PV DUE 10/25/21 - - 201.84 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3137B1UF7 INTEREST EARNED ON F H L M C MLTCL MTG 1.785% 9/25/22 $1 PV ON 13.3300 SHARES DUE 10/25/2021 $0.00149/PV ON 8,961.11 PV DUE 10/25/21 - - 13.33 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 10/25/2021 10/25/2021 3137B1UF7 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 1.785% 9/25/22 (957.85) - 957.85 (943.78) - 14.07 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 10/25/2021 10/25/2021 3137B3NW4 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.778% 9/25/22 (2,402.16) 126.58 2,402.16 (2,381.52) - 20.64 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3137B3NW4 INTEREST EARNED ON F H L M C MLTCL MTG 2.778% 9/25/22 $1 PV ON 64.9900 SHARES DUE 10/25/2021 $0.00232/PV ON 28,073.59 PV DUE 10/25/21 - - 64.99 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3137B7YY9 INTEREST EARNED ON F H L M C MLTCL MT 3.48996% 1/25/24 $1 PV ON 209000.0000 SHARES DUE 10/25/2021 - - 607.83 - - - Page 79 of 102117 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 2017 Financing STAMP Portfolio Transaction Report by Account 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3137B7YY9 AMORTIZED PREMIUM ON F H L M C MLTCL MT 3.48996% 1/25/24 CURRENT YEAR AMORTIZATION - - - (469.47) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3137BDCW4 INTEREST EARNED ON F H L M C MLTCL MTG 3.303% 7/25/24 $1 PV ON 481.6900 SHARES DUE 10/25/2021 $0.00275/PV ON 175,000.00 PV DUE 10/25/21 - - 481.69 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3137BDCW4 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 3.303% 7/25/24 CURRENT YEAR AMORTIZATION - - - (360.87) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 10/25/2021 10/25/2021 3137BFE80 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.720% 8/25/24 (1,793.11) - 1,793.11 (1,847.93) - (54.82) 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3137BFE80 INTEREST EARNED ON F H L M C MLTCL MTG 2.720% 8/25/24 $1 PV ON 163.2000 SHARES DUE 10/25/2021 $0.00227/PV ON 72,000.99 PV DUE 10/25/21 - - 163.20 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3137BFE80 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.720% 8/25/24 CURRENT YEAR AMORTIZATION - - - (63.80) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3137BJQ71 INTEREST EARNED ON F H L M C MLTCL MT 2.76996% 5/25/25 $1 PV ON 150000.0000 SHARES DUE 10/25/2021 - - 346.25 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3137BJQ71 AMORTIZED PREMIUM ON F H L M C MLTCL MT 2.76996% 5/25/25 CURRENT YEAR AMORTIZATION - - - (233.37) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 10/25/2021 10/25/2021 3137BLW87 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.802% 1/25/25 (4,192.26) - 4,192.26 (4,368.10) (175.84) - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3137BLW87 INTEREST EARNED ON F H L M C MLTCL MTG 2.802% 1/25/25 $1 PV ON 431.3000 SHARES DUE 10/25/2021 $0.00234/PV ON 184,712.36 PV DUE 10/25/21 - - 431.30 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3137BLW87 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.802% 1/25/25 CURRENT YEAR AMORTIZATION - - - (195.64) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 10/25/2021 10/25/2021 3138EJPZ5 PAID DOWN PAR VALUE OF F N M A #AL2239 3.370% 7/01/22 P & I DUE 10/25/21 (4,563.49) - 4,563.49 (4,582.83) - (19.34) 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3138EJPZ5 INTEREST EARNED ON F N M A #AL2239 3.370% 7/01/22 $1 PV ON 5790.0800 SHARES DUE 10/25/2021 PREPAYMENT PENALTY - - 30.76 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3138EJPZ5 INTEREST EARNED ON F N M A #AL2239 3.370% 7/01/22 $1 PV ON 13.9400 SHARES DUE 10/25/2021 P & I DUE 10/25/21 - - 13.94 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3138EJPZ5 AMORTIZED PREMIUM ON F N M A #AL2239 3.370% 7/01/22 CURRENT YEAR AMORTIZATION - - - (2.96) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 10/25/2021 10/25/2021 3138EQRJ3 PAID DOWN PAR VALUE OF F N M A #AL7688 3.500% 11/01/30 P & I DUE 10/25/21 (4,117.11) - 4,117.11 (4,373.76) (256.65) - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3138EQRJ3 INTEREST EARNED ON F N M A #AL7688 3.500% 11/01/30 $1 PV ON 528.2100 SHARES DUE 10/25/2021 P & I DUE 10/25/21 - - 528.21 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3138EQRJ3 AMORTIZED PREMIUM ON F N M A #AL7688 3.500% 11/01/30 CURRENT YEAR AMORTIZATION - - - (272.48) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 10/25/2021 10/25/2021 3138ETQP4 PAID DOWN PAR VALUE OF F N M A #AL8561 3.500% 6/01/31 P & I DUE 10/25/21 (887.91) - 887.91 (950.05) (62.14) - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3138ETQP4 INTEREST EARNED ON F N M A #AL8561 3.500% 6/01/31 $1 PV ON 102.1800 SHARES DUE 10/25/2021 P & I DUE 10/25/21 - - 102.18 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3138ETQP4 AMORTIZED PREMIUM ON F N M A #AL8561 3.500% 6/01/31 CURRENT YEAR AMORTIZATION - - - (56.62) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 10/25/2021 10/25/2021 3138WEMJ5 PAID DOWN PAR VALUE OF F N M A #AS4860 2.500% 5/01/30 P & I DUE 10/25/21 (5,137.91) - 5,137.91 (5,352.12) (214.21) - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3138WEMJ5 INTEREST EARNED ON F N M A #AS4860 2.500% 5/01/30 $1 PV ON 416.0100 SHARES DUE 10/25/2021 P & I DUE 10/25/21 - - 416.01 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3138WEMJ5 AMORTIZED PREMIUM ON F N M A #AS4860 2.500% 5/01/30 CURRENT YEAR AMORTIZATION - - - (181.64) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 31392J6N4 AMORTIZED PREMIUM ON F N M A GTD REMIC 5.500% 4/25/23 CURRENT YEAR AMORTIZATION - - - (34.00) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 10/25/2021 10/25/2021 31392J6N4 PAID DOWN PAR VALUE OF F N M A GTD REMIC 5.500% 4/25/23 (7,959.56) - 7,959.56 (7,987.27) - (27.71) 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 31392J6N4 INTEREST EARNED ON F N M A GTD REMIC 5.500% 4/25/23 $1 PV ON 417.8600 SHARES DUE 10/25/2021 $0.00458/PV ON 91,170.50 PV DUE 10/25/21 - - 417.86 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 10/25/2021 10/25/2021 3140J8ME0 PAID DOWN PAR VALUE OF F N M A #BM3956 3.000% 12/01/32 P & I DUE 10/25/21 (417.92) - 417.92 (441.54) (23.62) - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3140J8ME0 INTEREST EARNED ON F N M A #BM3956 3.000% 12/01/32 $1 PV ON 63.1200 SHARES DUE 10/25/2021 P & I DUE 10/25/21 - - 63.12 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3140J8ME0 AMORTIZED PREMIUM ON F N M A #BM3956 3.000% 12/01/32 CURRENT YEAR AMORTIZATION - - - (26.64) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 10/25/2021 10/25/2021 3140X4H90 PAID DOWN PAR VALUE OF F N M A #FM1155 2.500% 6/01/32 SEPTEMBER FNMA DUE 10/25/21 (5,585.01) - 5,585.01 (5,841.06) (256.05) - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3140X4H90 INTEREST EARNED ON F N M A #FM1155 2.500% 6/01/32 $1 PV ON 384.9300 SHARES DUE 10/25/2021 SEPTEMBER FNMA DUE 10/25/21 - - 384.93 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3140X4H90 AMORTIZED PREMIUM ON F N M A #FM1155 2.500% 6/01/32 CURRENT YEAR AMORTIZATION - - - (154.11) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 10/25/2021 10/25/2021 3140X7LS6 PAID DOWN PAR VALUE OF F N M A #FM3936 2.500% 8/01/35 P & I DUE 10/25/21 (3,205.50) - 3,205.50 (3,354.08) (148.58) - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3140X7LS6 INTEREST EARNED ON F N M A #FM3936 2.500% 8/01/35 $1 PV ON 217.6600 SHARES DUE 10/25/2021 P & I DUE 10/25/21 - - 217.66 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3140X7LS6 AMORTIZED PREMIUM ON F N M A #FM3936 2.500% 8/01/35 CURRENT YEAR AMORTIZATION - - - (71.53) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 10/25/2021 10/25/2021 3140X9VK8 PAID DOWN PAR VALUE OF F N M A #FM6017 3.000% 2/01/35 P & I DUE 10/25/21 (1,577.28) - 1,577.28 (1,677.25) (99.97) - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3140X9VK8 INTEREST EARNED ON F N M A #FM6017 3.000% 2/01/35 $1 PV ON 203.3000 SHARES DUE 10/25/2021 P & I DUE 10/25/21 - - 203.30 - - - Page 80 of 102118 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 2017 Financing STAMP Portfolio Transaction Report by Account 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 3140X9VK8 AMORTIZED PREMIUM ON F N M A #FM6017 3.000% 2/01/35 CURRENT YEAR AMORTIZATION - - - (84.40) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 10/25/2021 10/25/2021 31418CDH4 PAID DOWN PAR VALUE OF F N M A #MA2803 2.500% 11/01/31 P & I DUE 10/25/21 (1,346.73) - 1,346.73 (1,405.17) (58.44) - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 31418CDH4 INTEREST EARNED ON F N M A #MA2803 2.500% 11/01/31 $1 PV ON 80.8200 SHARES DUE 10/25/2021 P & I DUE 10/25/21 - - 80.82 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 31418CDH4 AMORTIZED PREMIUM ON F N M A #MA2803 2.500% 11/01/31 CURRENT YEAR AMORTIZATION - - - (32.09) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 31418DQ47 AMORTIZED PREMIUM ON F N M A #MA4074 2.000% 6/01/35 CURRENT YEAR AMORTIZATION - - - (89.89) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 10/25/2021 10/25/2021 31418DQ47 PAID DOWN PAR VALUE OF F N M A #MA4074 2.000% 6/01/35 SEPTEMBER FNMA DUE 10/25/21 (6,610.81) - 6,610.81 (6,823.71) (212.90) - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 31418DQ47 INTEREST EARNED ON F N M A #MA4074 2.000% 6/01/35 $1 PV ON 315.8700 SHARES DUE 10/25/2021 SEPTEMBER FNMA DUE 10/25/21 - - 315.87 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 10/25/2021 10/25/2021 31418DSA1 PAID DOWN PAR VALUE OF F N M A #MA4112 3.000% 8/01/35 SEPTEMBER FNMA DUE 10/25/21 (3,162.82) - 3,162.82 (3,310.46) - (147.64) 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 31418DSA1 AMORTIZED PREMIUM ON F N M A #MA4112 3.000% 8/01/35 CURRENT YEAR AMORTIZATION - - - (60.56) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 31418DSA1 INTEREST EARNED ON F N M A #MA4112 3.000% 8/01/35 $1 PV ON 203.2600 SHARES DUE 10/25/2021 SEPTEMBER FNMA DUE 10/25/21 - - 203.26 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 10/25/2021 10/25/2021 31418DVU3 PAID DOWN PAR VALUE OF F N M A #MA4226 2.000% 12/01/30 SEPTEMBER FNMA DUE 10/25/21 (7,288.30) - 7,288.30 (7,524.56) (236.26) - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 31418DVU3 INTEREST EARNED ON F N M A #MA4226 2.000% 12/01/30 $1 PV ON 356.9000 SHARES DUE 10/25/2021 SEPTEMBER FNMA DUE 10/25/21 - - 356.90 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 31418DVU3 AMORTIZED PREMIUM ON F N M A #MA4226 2.000% 12/01/30 CURRENT YEAR AMORTIZATION - - - (142.05) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 10/25/2021 10/25/2021 31418DXH0 PAID DOWN PAR VALUE OF F N M A #MA4279 2.000% 3/01/36 SEPTEMBER FNMA DUE 10/25/21 (5,078.14) - 5,078.14 (5,246.49) (168.35) - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 31418DXH0 INTEREST EARNED ON F N M A #MA4279 2.000% 3/01/36 $1 PV ON 383.5600 SHARES DUE 10/25/2021 SEPTEMBER FNMA DUE 10/25/21 - - 383.56 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 31418DXH0 AMORTIZED PREMIUM ON F N M A #MA4279 2.000% 3/01/36 CURRENT YEAR AMORTIZATION - - - (107.71) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 10/25/2021 10/25/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 63,376.60 1.00 (63,376.60) 63,376.60 - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/25/2021 10/25/2021 10/25/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 47,005.51 1.00 (47,005.51) 47,005.51 - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/26/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (4,122.23) - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/26/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 4,122.23 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/26/2021 3137AJMF8 INTEREST EARNED ON F H L M C MLTCL MT 2.9676% 10/25/21 $1 PV ON 1078.8100 SHARES DUE 10/25/2021 - - 2.67 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/26/2021 10/26/2021 3137ATRW4 RECEIVED ACCRUED INTEREST ON SALE OF F H L M C MULTICLA 2.373% 5/25/22 - - 159.09 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/26/2021 10/21/2021 10/26/2021 3137ATRW4 SOLD PAR VALUE OF F H L M C MULTICLA 2.373% 5/25/22 /STONEX FINANCIAL INC./96,535.7 PAR VALUE AT 100.71485471 % (96,535.70) 1.01 97,225.79 (93,869.66) - 3,356.13 240907020 RCTC 2017 TIFIA RAMP UP FD 10/26/2021 09/30/2021 10/01/2021 3137B1UF7 SOLD PAR VALUE OF F H L M C MLTCL MTG 1.785% 9/25/22 /PERFORMANCE TR CAP PARTNERS/REVS/REPOST CTAS ADJ 10/25/21 (8,003.29) 1.01 8,050.49 (7,885.72) - 164.77 240907020 RCTC 2017 TIFIA RAMP UP FD 10/26/2021 3137B1UF7 PAR VALUE OF F H L M C MLTCL MTG 1.785% 9/25/22 ADJUSTED BY 0.0300 ROUNDING 0.03 - - - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/26/2021 10/25/2021 10/26/2021 3137BQBY2 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 2.18304% 5/25/22 (586.48) - 586.48 (587.27) - (0.79) 240907020 RCTC 2017 TIFIA RAMP UP FD 10/26/2021 3137BQBY2 INTEREST EARNED ON F H L M C MLTCL MT 2.18304% 5/25/22 $1 PV ON 59.2000 SHARES DUE 10/25/2021 $0.00182/PV ON 32,539.29 PV DUE 10/25/21 - - 59.20 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/26/2021 3137BQBY2 AMORTIZED PREMIUM ON F H L M C MLTCL MT 2.18304% 5/25/22 CURRENT YEAR AMORTIZATION - - - (6.24) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/26/2021 10/26/2021 10/26/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 118,095.13 1.00 (118,095.13) 118,095.13 - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/26/2021 10/25/2021 10/26/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (20,061.90) 1.00 20,061.90 (20,061.90) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/27/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 220.96 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/27/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (220.96) - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/27/2021 3136G46A6 INTEREST EARNED ON F N M A 0.300% 10/27/23 $1 PV ON 130000.0000 SHARES DUE 10/27/2021 - - 195.00 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/27/2021 10/27/2021 10/27/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (3,396.60) 1.00 3,396.60 (3,396.60) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/27/2021 10/26/2021 10/27/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (12,011.41) 1.00 12,011.41 (12,011.41) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/27/2021 09/30/2021 10/01/2021 36179Q2A8 SOLD PAR VALUE OF G N M A I I #MA2569 3.000% 2/20/30 /MORGAN STANLEY & CO. LLC/64,077.26 PAR VALUE AT 105.01562151 % (64,077.26) 1.05 67,291.13 (66,610.51) - 680.62 240907020 RCTC 2017 TIFIA RAMP UP FD 10/27/2021 36179Q2A8 AMORTIZED PREMIUM ON G N M A I I #MA2569 3.000% 2/20/30 CURRENT YEAR AMORTIZATION - - - (22.90) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/27/2021 3622A2GC0 AMORTIZED PREMIUM ON G N M A #783795 2.500% 3/15/28 CURRENT YEAR AMORTIZATION - - - (18.64) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/27/2021 09/30/2021 10/01/2021 3622A2GC0 SOLD PAR VALUE OF G N M A #783795 2.500% 3/15/28 /MSNYUS33 MORGAN STANLEY NY/46,045.37 PAR VALUE AT 103.39842951 % (46,045.37) 1.03 47,610.19 (47,245.12) - 365.07 Page 81 of 102119 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 2017 Financing STAMP Portfolio Transaction Report by Account 240907020 RCTC 2017 TIFIA RAMP UP FD 10/28/2021 10/28/2021 31418D6G2 PAID ACCRUED INTEREST ON PURCHASE OF F N M A #MA4470 2.000% 10/01/36 - - (615.00) - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/28/2021 10/25/2021 10/28/2021 31418D6G2 PURCHASED PAR VALUE OF F N M A #MA4470 2.000% 10/01/36 /BANK OF NEW YORK/410,000 PAR VALUE AT 102.48437561 % 410,000.00 1.02 (420,185.94) 420,185.94 - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/28/2021 10/28/2021 31418DQ47 RECEIVED ACCRUED INTEREST ON SALE OF F N M A #MA4074 2.000% 6/01/35 - - 274.36 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/28/2021 10/25/2021 10/28/2021 31418DQ47 SOLD PAR VALUE OF F N M A #MA4074 2.000% 6/01/35 /BANK OF NEW YORK/182,909.86 PAR VALUE AT 102.46875211 % (182,909.86) 1.02 187,425.45 (188,791.65) (1,366.20) - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/28/2021 31418DQ47 AMORTIZED PREMIUM ON F N M A #MA4074 2.000% 6/01/35 CURRENT YEAR AMORTIZATION - - - (8.68) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/28/2021 31418DXH0 FED BASIS OF F N M A #MA4279 2.000% 3/01/36 ADJUSTED BY 0.01 ADJUST FOR SALE - - - 0.01 - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/28/2021 31418DXH0 STATE COST OF F N M A #MA4279 2.000% 3/01/36 ADJUSTED BY 0.01 ADJUST FOR SALE - - - - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/28/2021 31418DXH0 PAR VALUE OF F N M A #MA4279 2.000% 3/01/36 ADJUSTED BY 0.0100 ADJUST FOR SALE 0.01 - - - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/28/2021 10/28/2021 31418DXH0 RECEIVED ACCRUED INTEREST ON SALE OF F N M A #MA4279 2.000% 3/01/36 - - 337.59 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/28/2021 10/25/2021 10/28/2021 31418DXH0 SOLD PAR VALUE OF F N M A #MA4279 2.000% 3/01/36 /BANK OF NEW YORK/225,057.65 PAR VALUE AT 102.46875081 % (225,057.65) 1.02 230,613.76 (232,508.18) (1,894.42) - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/28/2021 31418DXH0 AMORTIZED PREMIUM ON F N M A #MA4279 2.000% 3/01/36 CURRENT YEAR AMORTIZATION - - - (10.53) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/28/2021 10/28/2021 10/28/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (233,101.13) 1.00 233,101.13 (233,101.13) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/28/2021 10/28/2021 10/28/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 230,951.35 1.00 (230,951.35) 230,951.35 - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/29/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (191.95) - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 10/29/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 191.95 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/01/2021 11/01/2021 11/01/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 52.06 1.00 (52.06) 52.06 - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/01/2021 31846V203 INTEREST EARNED ON FIRST AM GOVT OB FD CL Y UNIT ON 0.0000 SHARES DUE 10/31/2021 INTEREST FROM 10/1/21 TO 10/31/21 - - 1.66 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/01/2021 11/01/2021 11/01/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (475,017.90) 1.00 475,017.90 (475,017.90) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/01/2021 10/29/2021 11/01/2021 91282CCQ2 PURCHASED PAR VALUE OF U S TREASURY NT 0.00001% 7/31/23 /JPMSUS3X JP MORGAN SEC NY/475,000 PAR VALUE AT 100.00353684 % 475,000.00 1.00 (475,016.80) 475,016.80 - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/01/2021 91282CCQ2 INTEREST EARNED ON U S TREASURY NT 0.00001% 7/31/23 $1 PV ON 265000.0000 SHARES DUE 10/31/2021 - - 52.07 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/01/2021 11/01/2021 91282CCQ2 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 0.00001% 7/31/23 - - (1.11) - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/01/2021 91282CCQ2 AMORTIZED PREMIUM ON U S TREASURY NT 0.00001% 7/31/23 CURRENT YEAR AMORTIZATION - - - (0.76) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/02/2021 CASH RECEIPT PRINCIPAL DUE CUSIP3622A2GC0 - - (1,444.98) - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/02/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 692.62 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/02/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (692.62) - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/02/2021 3134GW6E1 AMORTIZED PREMIUM ON F H L M C M T N 0.320% 11/02/23 CURRENT YEAR AMORTIZATION - - - (77.60) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/02/2021 3134GW6E1 INTEREST EARNED ON F H L M C M T N 0.320% 11/02/23 $1 PV ON 400000.0000 SHARES DUE 11/2/2021 - - 640.00 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/02/2021 11/02/2021 11/02/2021 31418DQ47 DISTRIBUTED PAR VALUE OF F N M A #MA4074 2.000% 6/01/35 VALUED AT 0.01 TO REMOVE RESIDUAL SHARES (0.01) - - (0.01) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/02/2021 11/02/2021 11/02/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 0.01 1.00 (0.01) 0.01 - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/02/2021 11/02/2021 11/02/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 641.66 1.00 (641.66) 641.66 - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/02/2021 10/15/2021 11/02/2021 3622A2GC0 PAID DOWN PAR VALUE OF G N M A #783795 2.500% 3/15/28 10/15/21 PRIN PYMT (1,444.99) - 1,444.99 (1,482.15) - (37.16) 240907020 RCTC 2017 TIFIA RAMP UP FD 11/02/2021 3622A2GC0 AMORTIZED PREMIUM ON G N M A #783795 2.500% 3/15/28 CURRENT YEAR AMORTIZATION - - - (0.49) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/15/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (2,038.93) - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/15/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 2,038.93 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/15/2021 11/15/2021 11/15/2021 3128MMT52 PAID DOWN PAR VALUE OF F H L M C GD G18571 2.500% 10/01/30 P & I DUE 11/15/21 (6,074.71) - 6,074.71 (6,316.85) (242.14) - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/15/2021 3128MMT52 INTEREST EARNED ON F H L M C GD G18571 2.500% 10/01/30 $1 PV ON 396.3700 SHARES DUE 11/15/2021 P & I DUE 11/15/21 - - 396.37 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/15/2021 3128MMT52 AMORTIZED PREMIUM ON F H L M C GD G18571 2.500% 10/01/30 CURRENT YEAR AMORTIZATION - - - (165.56) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/15/2021 3128MMUL5 INTEREST EARNED ON F H L M C GD G18586 2.500% 2/01/31 $1 PV ON 32.6900 SHARES DUE 11/15/2021 P & I DUE 11/15/21 - - 32.69 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/15/2021 11/15/2021 11/15/2021 3128MMUL5 PAID DOWN PAR VALUE OF F H L M C GD G18586 2.500% 2/01/31 P & I DUE 11/15/21 (431.45) - 431.45 (450.21) (18.76) - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/15/2021 3128MMUL5 AMORTIZED PREMIUM ON F H L M C GD G18586 2.500% 2/01/31 CURRENT YEAR AMORTIZATION - - - (14.44) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/15/2021 31307NP40 AMORTIZED PREMIUM ON F H L M C GD J32243 3.000% 7/01/30 CURRENT YEAR AMORTIZATION - - - (103.49) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/15/2021 31307NP40 INTEREST EARNED ON F H L M C GD J32243 3.000% 7/01/30 $1 PV ON 183.9900 SHARES DUE 11/15/2021 OCTOBER FHLMC DUE 11/15/21 - - 183.99 - - - Page 82 of 102120 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 2017 Financing STAMP Portfolio Transaction Report by Account 240907020 RCTC 2017 TIFIA RAMP UP FD 11/15/2021 11/15/2021 11/15/2021 31307NP40 PAID DOWN PAR VALUE OF F H L M C GD J32243 3.000% 7/01/30 OCTOBER FHLMC DUE 11/15/21 (1,349.68) - 1,349.68 (1,430.37) (80.69) - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/15/2021 3137AQQE1 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 1.500% 5/15/27 CURRENT YEAR AMORTIZATION - - - (17.39) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/15/2021 11/15/2021 11/15/2021 3137AQQE1 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 1.500% 5/15/27 (984.42) - 984.42 (998.01) (13.59) - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/15/2021 3137AQQE1 INTEREST EARNED ON F H L M C MLTCL MTG 1.500% 5/15/27 $1 PV ON 43.9600 SHARES DUE 11/15/2021 $0.00125/PV ON 35,167.88 PV DUE 11/15/21 - - 43.96 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/15/2021 3137AWWM3 INTEREST EARNED ON F H L M C MLTCL MTG 1.250% 12/15/27 $1 PV ON 19.7700 SHARES DUE 11/15/2021 $0.00104/PV ON 18,981.59 PV DUE 11/15/21 - - 19.77 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/15/2021 11/15/2021 11/15/2021 3137AWWM3 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 1.250% 12/15/27 (561.39) - 561.39 (566.83) (5.44) - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/15/2021 3137AWWM3 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 1.250% 12/15/27 CURRENT YEAR AMORTIZATION - - - (6.08) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/15/2021 3137AYSH5 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 1.750% 12/15/42 CURRENT YEAR AMORTIZATION - - - (35.28) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/15/2021 3137AYSH5 INTEREST EARNED ON F H L M C MLTCL MTG 1.750% 12/15/42 $1 PV ON 162.5400 SHARES DUE 11/15/2021 $0.00146/PV ON 111,457.24 PV DUE 11/15/21 - - 162.54 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/15/2021 11/15/2021 11/15/2021 3137AYSH5 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 1.750% 12/15/42 (2,668.53) - 2,668.53 (2,722.82) (54.29) - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/15/2021 3137B2Z78 INTEREST EARNED ON F H L M C MLTCL MTG 1.400% 7/15/23 $1 PV ON 32.7000 SHARES DUE 11/15/2021 $0.00117/PV ON 28,030.36 PV DUE 11/15/21 - - 32.70 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/15/2021 11/15/2021 11/15/2021 3137B2Z78 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 1.400% 7/15/23 (3,993.49) - 3,993.49 (4,002.63) (9.14) - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/15/2021 3137B2Z78 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 1.400% 7/15/23 CURRENT YEAR AMORTIZATION - - - (6.65) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/15/2021 3137B6DF5 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.000% 11/15/26 CURRENT YEAR AMORTIZATION - - - (37.30) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/15/2021 11/15/2021 11/15/2021 3137B6DF5 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.000% 11/15/26 (3,213.61) - 3,213.61 (3,264.60) (50.99) - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/15/2021 3137B6DF5 INTEREST EARNED ON F H L M C MLTCL MTG 2.000% 11/15/26 $1 PV ON 95.6700 SHARES DUE 11/15/2021 $0.00167/PV ON 57,399.61 PV DUE 11/15/21 - - 95.67 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/15/2021 3137B84S3 INTEREST EARNED ON F H L M C MLTCL MTG 2.000% 2/15/29 $1 PV ON 53.6200 SHARES DUE 11/15/2021 $0.00167/PV ON 32,169.26 PV DUE 11/15/21 - - 53.62 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/15/2021 11/15/2021 11/15/2021 3137B84S3 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.000% 2/15/29 (1,832.53) - 1,832.53 (1,809.62) - 22.91 240907020 RCTC 2017 TIFIA RAMP UP FD 11/15/2021 3137B9RN7 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.500% 12/15/27 CURRENT YEAR AMORTIZATION - - - (31.25) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/15/2021 11/15/2021 11/15/2021 3137B9RN7 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.500% 12/15/27 (3,211.63) - 3,211.63 (3,262.17) (50.54) - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/15/2021 3137B9RN7 INTEREST EARNED ON F H L M C MLTCL MTG 2.500% 12/15/27 $1 PV ON 126.6800 SHARES DUE 11/15/2021 $0.00208/PV ON 60,806.42 PV DUE 11/15/21 - - 126.68 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/15/2021 11/15/2021 11/15/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 25,186.17 1.00 (25,186.17) 25,186.17 - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/15/2021 11/15/2021 11/15/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 6,935.22 1.00 (6,935.22) 6,935.22 - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/15/2021 36176XQB8 INTEREST EARNED ON G N M A #779250 3.000% 5/15/27 $1 PV ON 360.6200 SHARES DUE 11/15/2021 OCTOBER GNMA DUE 11/15/21 - - 360.62 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/15/2021 11/15/2021 11/15/2021 36176XQB8 PAID DOWN PAR VALUE OF G N M A #779250 3.000% 5/15/27 OCTOBER GNMA DUE 11/15/21 (5,331.96) - 5,331.96 (5,518.26) (186.30) - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/15/2021 36176XQB8 AMORTIZED PREMIUM ON G N M A #779250 3.000% 5/15/27 CURRENT YEAR AMORTIZATION - - - (173.60) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/15/2021 9128286U9 INTEREST EARNED ON U S TREASURY NT 2.125% 5/15/22 $1 PV ON 40000.0000 SHARES DUE 11/15/2021 - - 425.00 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/15/2021 9128286U9 AMORTIZED PREMIUM ON U S TREASURY NT 2.125% 5/15/22 CURRENT YEAR AMORTIZATION - - - (136.18) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/15/2021 912828ZP8 INTEREST EARNED ON U S TREASURY NT 0.125% 5/15/23 $1 PV ON 855000.0000 SHARES DUE 11/15/2021 - - 534.38 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/16/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 500.34 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/16/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (500.34) - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/16/2021 11/16/2021 11/16/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 1,339.02 1.00 (1,339.02) 1,339.02 - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/16/2021 11/16/2021 11/16/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 2,415.48 1.00 (2,415.48) 2,415.48 - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/16/2021 38375XCM4 INTEREST EARNED ON G N M A GTD REMIC 5.000% 11/16/37 $1 PV ON 17.7800 SHARES DUE 11/16/2021 $0.00417/PV ON 4,266.85 PV DUE 11/16/21 - - 17.78 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/16/2021 11/16/2021 11/16/2021 38375XCM4 PAID DOWN PAR VALUE OF G N M A GTD REMIC 5.000% 11/16/37 (1,578.50) - 1,578.50 (1,604.10) - (25.60) 240907020 RCTC 2017 TIFIA RAMP UP FD 11/16/2021 38375XCM4 AMORTIZED PREMIUM ON G N M A GTD REMIC 5.000% 11/16/37 CURRENT YEAR AMORTIZATION - - - (1.42) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/16/2021 38376T5Z1 AMORTIZED PREMIUM ON G N M A GTD REMIC 3.000% 1/16/39 CURRENT YEAR AMORTIZATION - - - (18.25) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/16/2021 38376T5Z1 INTEREST EARNED ON G N M A GTD REMIC 3.000% 1/16/39 $1 PV ON 69.1000 SHARES DUE 11/16/2021 $0.00250/PV ON 27,638.51 PV DUE 11/16/21 - - 69.10 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/16/2021 11/16/2021 11/16/2021 38376T5Z1 PAID DOWN PAR VALUE OF G N M A GTD REMIC 3.000% 1/16/39 (839.48) - 839.48 (866.63) (27.15) - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/16/2021 38376V2E6 AMORTIZED PREMIUM ON G N M A GTD REMIC 4.000% 7/16/39 CURRENT YEAR AMORTIZATION - - - (5.67) - - Page 83 of 102121 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 2017 Financing STAMP Portfolio Transaction Report by Account 240907020 RCTC 2017 TIFIA RAMP UP FD 11/16/2021 38376V2E6 INTEREST EARNED ON G N M A GTD REMIC 4.000% 7/16/39 $1 PV ON 39.0400 SHARES DUE 11/16/2021 $0.00333/PV ON 11,712.80 PV DUE 11/16/21 - - 39.04 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/16/2021 11/16/2021 11/16/2021 38376V2E6 PAID DOWN PAR VALUE OF G N M A GTD REMIC 4.000% 7/16/39 (391.40) - 391.40 (400.92) - (9.52) 240907020 RCTC 2017 TIFIA RAMP UP FD 11/16/2021 38378VC45 INTEREST EARNED ON G N M A GTD REMIC 2.250% 12/16/41 $1 PV ON 53.5000 SHARES DUE 11/16/2021 $0.00188/PV ON 28,530.80 PV DUE 11/16/21 - - 53.50 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/16/2021 11/16/2021 11/16/2021 38378VC45 PAID DOWN PAR VALUE OF G N M A GTD REMIC 2.250% 12/16/41 (765.70) - 765.70 (738.06) - 27.64 240907020 RCTC 2017 TIFIA RAMP UP FD 11/17/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (105.52) - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/17/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 105.52 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/17/2021 11/17/2021 31418D6G2 RECEIVED ACCRUED INTEREST ON SALE OF F N M A #MA4470 2.000% 10/01/36 - - 361.82 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/17/2021 11/16/2021 11/17/2021 31418D6G2 SOLD PAR VALUE OF F N M A #MA4470 2.000% 10/01/36 /STONEX FINANCIAL INC./BD RATES/407,041.42 PAR VALUE AT 102.26562562 % (407,041.42) 1.02 416,263.45 (417,066.49) (803.04) - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/17/2021 31418D6G2 AMORTIZED PREMIUM ON F N M A #MA4470 2.000% 10/01/36 CURRENT YEAR AMORTIZATION - - - (88.00) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/17/2021 11/16/2021 11/17/2021 31418D7K2 PURCHASED PAR VALUE OF F N M A #MA4497 2.000% 11/01/36 /STONEX FINANCIAL INC./BD RATES/410,000 PAR VALUE AT 102.20312439 % 410,000.00 1.02 (419,032.81) 419,032.81 - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/17/2021 11/17/2021 31418D7K2 PAID ACCRUED INTEREST ON PURCHASE OF F N M A #MA4497 2.000% 11/01/36 - - (364.44) - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/17/2021 11/17/2021 11/17/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (2,771.98) 1.00 2,771.98 (2,771.98) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/22/2021 CASH RECEIPT PRINCIPAL DUE CUSIP36179Q2A8 - - (1,997.33) - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/22/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 408.83 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/22/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (408.83) - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/22/2021 11/22/2021 11/22/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 953.26 1.00 (953.26) 953.26 - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/22/2021 11/22/2021 11/22/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 48,698.96 1.00 (48,698.96) 48,698.96 - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/22/2021 36179NAJ7 INTEREST EARNED ON G N M A I I #MA0909 3.000% 4/20/28 $1 PV ON 26.4100 SHARES DUE 11/20/2021 OCTOBER GNMA DUE 11/20/21 - - 26.41 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/22/2021 11/20/2021 11/22/2021 36179NAJ7 PAID DOWN PAR VALUE OF G N M A I I #MA0909 3.000% 4/20/28 OCTOBER GNMA DUE 11/20/21 (296.01) - 296.01 (306.51) - (10.50) 240907020 RCTC 2017 TIFIA RAMP UP FD 11/22/2021 36179NAJ7 AMORTIZED PREMIUM ON G N M A I I #MA0909 3.000% 4/20/28 CURRENT YEAR AMORTIZATION - - - (11.33) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/22/2021 36179NHK7 INTEREST EARNED ON G N M A I I #MA1134 3.000% 7/20/28 $1 PV ON 191.6500 SHARES DUE 11/20/2021 OCTOBER GNMA DUE 11/20/21 - - 191.65 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/22/2021 11/20/2021 11/22/2021 36179NHK7 PAID DOWN PAR VALUE OF G N M A I I #MA1134 3.000% 7/20/28 OCTOBER GNMA DUE 11/20/21 (2,928.70) - 2,928.70 (3,004.66) - (75.96) 240907020 RCTC 2017 TIFIA RAMP UP FD 11/22/2021 36179NHK7 AMORTIZED PREMIUM ON G N M A I I #MA1134 3.000% 7/20/28 CURRENT YEAR AMORTIZATION - - - (58.15) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/22/2021 36179NKP2 INTEREST EARNED ON G N M A II #MA1202 2.500% 8/20/28 $1 PV ON 45.3800 SHARES DUE 11/20/2021 OCTOBER GNMA DUE 11/20/21 - - 45.38 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/22/2021 11/20/2021 11/22/2021 36179NKP2 PAID DOWN PAR VALUE OF G N M A II #MA1202 2.500% 8/20/28 OCTOBER GNMA DUE 11/20/21 (759.08) - 759.08 (785.12) (26.04) - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/22/2021 36179NKP2 AMORTIZED PREMIUM ON G N M A II #MA1202 2.500% 8/20/28 CURRENT YEAR AMORTIZATION - - - (20.79) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/22/2021 36179Q2A8 AMORTIZED PREMIUM ON G N M A I I #MA2569 3.000% 2/20/30 CURRENT YEAR AMORTIZATION - - - (1.16) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/22/2021 10/20/2021 11/22/2021 36179Q2A8 PAID DOWN PAR VALUE OF G N M A I I #MA2569 3.000% 2/20/30 10/20/21 PRIN PYMT (1,997.33) - 1,997.33 (2,075.13) - (77.80) 240907020 RCTC 2017 TIFIA RAMP UP FD 11/22/2021 11/20/2021 11/22/2021 36202F2H8 PAID DOWN PAR VALUE OF G N M A I I #005276 3.000% 1/20/27 P & I DUE 11/20/21 (543.10) - 543.10 (549.68) - (6.58) 240907020 RCTC 2017 TIFIA RAMP UP FD 11/22/2021 36202F2H8 INTEREST EARNED ON G N M A I I #005276 3.000% 1/20/27 $1 PV ON 40.4000 SHARES DUE 11/20/2021 P & I DUE 11/20/21 - - 40.40 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/22/2021 36202F2H8 AMORTIZED PREMIUM ON G N M A I I #005276 3.000% 1/20/27 CURRENT YEAR AMORTIZATION - - - (7.12) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/22/2021 36202F3H7 INTEREST EARNED ON G N M A I I #005300 3.000% 2/20/27 $1 PV ON 45.1300 SHARES DUE 11/20/2021 OCTOBER GNMA DUE 11/20/21 - - 45.13 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/22/2021 11/20/2021 11/22/2021 36202F3H7 PAID DOWN PAR VALUE OF G N M A I I #005300 3.000% 2/20/27 OCTOBER GNMA DUE 11/20/21 (776.98) - 776.98 (799.51) - (22.53) 240907020 RCTC 2017 TIFIA RAMP UP FD 11/22/2021 36202F3H7 AMORTIZED PREMIUM ON G N M A I I #005300 3.000% 2/20/27 CURRENT YEAR AMORTIZATION - - - (18.78) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/22/2021 38377LFC7 AMORTIZED PREMIUM ON G N M A GTD REMIC 2.500% 12/20/39 CURRENT YEAR AMORTIZATION - - - (1.10) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/22/2021 38377LFC7 INTEREST EARNED ON G N M A GTD REMIC 2.500% 12/20/39 $1 PV ON 14.8200 SHARES DUE 11/20/2021 $0.00208/PV ON 7,112.74 PV DUE 11/20/21 - - 14.82 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/22/2021 11/20/2021 11/22/2021 38377LFC7 PAID DOWN PAR VALUE OF G N M A GTD REMIC 2.500% 12/20/39 (1,254.68) - 1,254.68 (1,265.81) (11.13) - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/22/2021 38377QKH9 AMORTIZED PREMIUM ON G N M A GTD REMIC 3.000% 8/20/40 CURRENT YEAR AMORTIZATION - - - (1.19) - - Page 84 of 102122 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 2017 Financing STAMP Portfolio Transaction Report by Account 240907020 RCTC 2017 TIFIA RAMP UP FD 11/22/2021 38377QKH9 INTEREST EARNED ON G N M A GTD REMIC 3.000% 8/20/40 $1 PV ON 15.9700 SHARES DUE 11/20/2021 $0.00250/PV ON 6,386.41 PV DUE 11/20/21 - - 15.97 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/22/2021 11/20/2021 11/22/2021 38377QKH9 PAID DOWN PAR VALUE OF G N M A GTD REMIC 3.000% 8/20/40 (449.47) - 449.47 (454.38) - (4.91) 240907020 RCTC 2017 TIFIA RAMP UP FD 11/22/2021 38378HAU0 AMORTIZED PREMIUM ON G N M A GTD REMIC 1.500% 8/20/27 CURRENT YEAR AMORTIZATION - - - (18.35) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/22/2021 38378HAU0 INTEREST EARNED ON G N M A GTD REMIC 1.500% 8/20/27 $1 PV ON 53.0300 SHARES DUE 11/20/2021 $0.00125/PV ON 42,422.42 PV DUE 11/20/21 - - 53.03 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/22/2021 11/20/2021 11/22/2021 38378HAU0 PAID DOWN PAR VALUE OF G N M A GTD REMIC 1.500% 8/20/27 (1,426.77) - 1,426.77 (1,444.66) (17.89) - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/22/2021 38378JZD7 INTEREST EARNED ON G N M A GTD REMIC 1.500% 12/20/40 $1 PV ON 10.1800 SHARES DUE 11/20/2021 $0.00125/PV ON 8,146.37 PV DUE 11/20/21 - - 10.18 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/22/2021 11/20/2021 11/22/2021 38378JZD7 PAID DOWN PAR VALUE OF G N M A GTD REMIC 1.500% 12/20/40 (359.58) - 359.58 (355.09) - 4.49 240907020 RCTC 2017 TIFIA RAMP UP FD 11/22/2021 9128286U9 AMORTIZED PREMIUM ON U S TREASURY NT 2.125% 5/15/22 CURRENT YEAR AMORTIZATION - - - (5.38) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/22/2021 11/22/2021 9128286U9 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 2.125% 5/15/22 - - 16.44 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/22/2021 11/19/2021 11/22/2021 9128286U9 SOLD PAR VALUE OF U S TREASURY NT 2.125% 5/15/22 /MSNYUS33 MORGAN STANLEY NY/40,000 PAR VALUE AT 100.9961 % (40,000.00) 1.01 40,398.44 (40,131.77) - 266.67 240907020 RCTC 2017 TIFIA RAMP UP FD 11/23/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (50.58) - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/23/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 50.58 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 3,352.79 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (3,352.79) - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3132A8GL7 INTEREST EARNED ON F H L M C #ZS7403 3.000% 5/01/31 $1 PV ON 148.1700 SHARES DUE 11/25/2021 OCTOBER FHLMC DUE 11/25/21 - - 148.17 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 11/25/2021 11/26/2021 3132A8GL7 PAID DOWN PAR VALUE OF F H L M C #ZS7403 3.000% 5/01/31 OCTOBER FHLMC DUE 11/25/21 (1,477.63) - 1,477.63 (1,561.26) (83.63) - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3132A8GL7 AMORTIZED PREMIUM ON F H L M C #ZS7403 3.000% 5/01/31 CURRENT YEAR AMORTIZATION - - - (73.34) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3132AEF68 AMORTIZED PREMIUM ON F H L M C #ZT1989 3.500% 1/01/33 CURRENT YEAR AMORTIZATION - - - (65.58) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3132AEF68 INTEREST EARNED ON F H L M C #ZT1989 3.500% 1/01/33 $1 PV ON 115.1100 SHARES DUE 11/25/2021 P & I DUE 11/25/21 - - 115.11 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 11/25/2021 11/26/2021 3132AEF68 PAID DOWN PAR VALUE OF F H L M C #ZT1989 3.500% 1/01/33 P & I DUE 11/25/21 (1,008.27) - 1,008.27 (1,085.72) (77.45) - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3132AEFC5 AMORTIZED PREMIUM ON F H L M C #ZT1963 3.500% 11/01/30 CURRENT YEAR AMORTIZATION - - - (116.69) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3132AEFC5 INTEREST EARNED ON F H L M C #ZT1963 3.500% 11/01/30 $1 PV ON 231.1700 SHARES DUE 11/25/2021 P & I DUE 11/25/21 - - 231.17 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 11/25/2021 11/26/2021 3132AEFC5 PAID DOWN PAR VALUE OF F H L M C #ZT1963 3.500% 11/01/30 P & I DUE 11/25/21 (2,124.78) - 2,124.78 (2,249.41) (57.14) (67.49) 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3133Q5GZ3 AMORTIZED PREMIUM ON F H L M C GTD REMIC 1.000% 9/25/33 CURRENT YEAR AMORTIZATION - - - (18.26) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3133Q5GZ3 INTEREST EARNED ON F H L M C GTD REMIC 1.000% 9/25/33 $1 PV ON 49.9200 SHARES DUE 11/25/2021 $0.00083/PV ON 59,899.34 PV DUE 11/25/21 - - 49.92 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 11/25/2021 11/26/2021 3133Q5GZ3 PAID DOWN PAR VALUE OF F H L M C GTD REMIC 1.000% 9/25/33 (1,612.13) - 1,612.13 (1,629.72) (17.59) - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3136A72D3 AMORTIZED PREMIUM ON F N M A GTD REMIC 2.482% 4/25/22 CURRENT YEAR AMORTIZATION - - - (0.51) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 11/25/2021 11/26/2021 3136A72D3 PAID DOWN PAR VALUE OF F N M A GTD REMIC 2.482% 4/25/22 (6.35) - 6.35 (6.35) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3136A72D3 INTEREST EARNED ON F N M A GTD REMIC 2.482% 4/25/22 $1 PV ON 5.7500 SHARES DUE 11/25/2021 $0.00207/PV ON 2,780.85 PV DUE 11/25/21 - - 5.75 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3136A7D25 INTEREST EARNED ON F N M A GTD REMIC 3.000% 7/25/41 $1 PV ON 68.0400 SHARES DUE 11/25/2021 $0.00250/PV ON 27,217.49 PV DUE 11/25/21 - - 68.04 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 11/25/2021 11/26/2021 3136A7D25 PAID DOWN PAR VALUE OF F N M A GTD REMIC 3.000% 7/25/41 (3,971.87) - 3,971.87 (4,010.78) (38.91) - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3136A7D25 AMORTIZED PREMIUM ON F N M A GTD REMIC 3.000% 7/25/41 CURRENT YEAR AMORTIZATION - - - (4.62) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3136A8SX9 AMORTIZED PREMIUM ON F N M A GTD REMIC 1.500% 9/25/27 CURRENT YEAR AMORTIZATION - - - (8.11) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3136A8SX9 INTEREST EARNED ON F N M A GTD REMIC 1.500% 9/25/27 $1 PV ON 20.8000 SHARES DUE 11/25/2021 $0.00125/PV ON 16,638.93 PV DUE 11/25/21 - - 20.80 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 11/25/2021 11/26/2021 3136A8SX9 PAID DOWN PAR VALUE OF F N M A GTD REMIC 1.500% 9/25/27 (536.50) - 536.50 (544.19) (7.69) - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3136A96F0 INTEREST EARNED ON F N M A GTD REMIC 2.183% 11/25/22 $1 PV ON 29592.9600 SHARES DUE 11/25/2021 PENALTY PAYMENT - - 1.76 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3136A96F0 INTEREST EARNED ON F N M A GTD REMIC 2.183% 11/25/22 $1 PV ON 53.8600 SHARES DUE 11/25/2021 $0.00182/PV ON 29,592.96 PV DUE 11/25/21 - - 53.86 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 11/25/2021 11/26/2021 3136A96F0 PAID DOWN PAR VALUE OF F N M A GTD REMIC 2.183% 11/25/22 (670.46) - 670.46 (649.85) - 20.61 Page 85 of 102123 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 2017 Financing STAMP Portfolio Transaction Report by Account 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3136ABNZ2 AMORTIZED PREMIUM ON F N M A GTD REMIC 2.000% 11/25/42 CURRENT YEAR AMORTIZATION - - - (5.32) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 11/25/2021 11/26/2021 3136ABNZ2 PAID DOWN PAR VALUE OF F N M A GTD REMIC 2.000% 11/25/42 (754.50) - 754.50 (767.24) (12.74) - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3136ABNZ2 INTEREST EARNED ON F N M A GTD REMIC 2.000% 11/25/42 $1 PV ON 31.8800 SHARES DUE 11/25/2021 $0.00167/PV ON 19,128.14 PV DUE 11/25/21 - - 31.88 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3136AC7J4 INTEREST EARNED ON F N M A GTD REMIC 2.560% 3/25/23 $1 PV ON 52.2900 SHARES DUE 11/25/2021 $0.00218/PV ON 23,969.27 PV DUE 11/25/21 - - 52.29 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3136AC7J4 INTEREST EARNED ON F N M A GTD REMIC 2.560% 3/25/23 $1 PV ON 23969.2700 SHARES DUE 11/25/2021 PENALTY PAYMENT - - 26.57 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 11/25/2021 11/26/2021 3136AC7J4 PAID DOWN PAR VALUE OF F N M A GTD REMIC 2.560% 3/25/23 (1,989.44) - 1,989.44 (1,956.72) - 32.72 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3136ADZA0 AMORTIZED PREMIUM ON F N M A GTD REMIC 1.250% 4/25/28 CURRENT YEAR AMORTIZATION - - - (12.72) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 11/25/2021 11/26/2021 3136ADZA0 PAID DOWN PAR VALUE OF F N M A GTD REMIC 1.250% 4/25/28 (1,339.17) - 1,339.17 (1,351.75) (12.58) - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3136ADZA0 INTEREST EARNED ON F N M A GTD REMIC 1.250% 4/25/28 $1 PV ON 44.7100 SHARES DUE 11/25/2021 $0.00104/PV ON 42,926.42 PV DUE 11/25/21 - - 44.71 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3136AEY84 AMORTIZED PREMIUM ON F N M A GTD REMIC 1.750% 7/25/28 CURRENT YEAR AMORTIZATION - - - (9.23) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3136AEY84 INTEREST EARNED ON F N M A GTD REMIC 1.750% 7/25/28 $1 PV ON 27.9400 SHARES DUE 11/25/2021 $0.00146/PV ON 19,161.29 PV DUE 11/25/21 - - 27.94 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 11/25/2021 11/26/2021 3136AEY84 PAID DOWN PAR VALUE OF F N M A GTD REMIC 1.750% 7/25/28 (965.81) - 965.81 (981.09) (15.28) - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3136AMM48 INTEREST EARNED ON F N M A GTD REMIC 2.509% 7/25/22 $1 PV ON 77.5400 SHARES DUE 11/25/2021 $0.00209/PV ON 37,084.82 PV DUE 11/25/21 - - 77.54 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 11/25/2021 11/26/2021 3136AMM48 PAID DOWN PAR VALUE OF F N M A GTD REMIC 2.509% 7/25/22 (6,995.33) - 6,995.33 (6,829.19) - 166.14 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 11/25/2021 11/26/2021 3136AQZK9 PAID DOWN PAR VALUE OF F N M A GTD REMIC 2.000% 11/25/31 (1,307.74) - 1,307.74 (1,342.02) (34.28) - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3136AQZK9 INTEREST EARNED ON F N M A GTD REMIC 2.000% 11/25/31 $1 PV ON 96.5500 SHARES DUE 11/25/2021 $0.00167/PV ON 57,931.80 PV DUE 11/25/21 - - 96.55 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3136AQZK9 AMORTIZED PREMIUM ON F N M A GTD REMIC 2.000% 11/25/31 CURRENT YEAR AMORTIZATION - - - (37.48) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3137AYCE9 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.682% 10/25/22 CURRENT YEAR AMORTIZATION - - - (57.54) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3137AYCE9 INTEREST EARNED ON F H L M C MLTCL MTG 2.682% 10/25/22 $1 PV ON 223.5000 SHARES DUE 11/25/2021 $0.00224/PV ON 100,000.00 PV DUE 11/25/21 - - 223.50 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3137B1U75 INTEREST EARNED ON F H L M C MLTCL MT 3.22404% 1/25/23 $1 PV ON 201.1600 SHARES DUE 11/25/2021 $0.00210/PV ON 95,711.08 PV DUE 11/25/21 - - 201.16 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 11/25/2021 11/26/2021 3137B1U75 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 3.22404% 1/25/23 (312.96) - 312.96 (307.65) - 5.31 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3137B3NW4 INTEREST EARNED ON F H L M C MLTCL MTG 2.778% 9/25/22 $1 PV ON 59.4300 SHARES DUE 11/25/2021 $0.00231/PV ON 25,671.43 PV DUE 11/25/21 - - 59.43 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 11/25/2021 11/26/2021 3137B3NW4 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.778% 9/25/22 (2,312.81) - 2,312.81 (2,292.93) - 19.88 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3137B7YY9 INTEREST EARNED ON F H L M C MLTCL MT 3.48996% 1/25/24 $1 PV ON 209000.0000 SHARES DUE 11/25/2021 - - 607.83 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3137BDCW4 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 3.303% 7/25/24 CURRENT YEAR AMORTIZATION - - - (372.90) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3137BDCW4 INTEREST EARNED ON F H L M C MLTCL MTG 3.303% 7/25/24 $1 PV ON 481.6900 SHARES DUE 11/25/2021 $0.00275/PV ON 175,000.00 PV DUE 11/25/21 - - 481.69 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3137BFE80 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.720% 8/25/24 CURRENT YEAR AMORTIZATION - - - (64.29) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3137BFE80 INTEREST EARNED ON F H L M C MLTCL MTG 2.720% 8/25/24 $1 PV ON 159.1400 SHARES DUE 11/25/2021 $0.00227/PV ON 70,207.88 PV DUE 11/25/21 - - 159.14 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 11/25/2021 11/26/2021 3137BFE80 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.720% 8/25/24 (1,692.45) - 1,692.45 (1,742.64) - (50.19) 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3137BJQ71 AMORTIZED PREMIUM ON F H L M C MLTCL MT 2.76996% 5/25/25 CURRENT YEAR AMORTIZATION - - - (241.15) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3137BJQ71 INTEREST EARNED ON F H L M C MLTCL MT 2.76996% 5/25/25 $1 PV ON 346.2500 SHARES DUE 11/25/2021 $0.00231/PV ON 150,000.00 PV DUE 11/25/21 - - 346.25 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3137BLW87 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.802% 1/25/25 CURRENT YEAR AMORTIZATION - - - (197.57) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3137BLW87 INTEREST EARNED ON F H L M C MLTCL MTG 2.802% 1/25/25 $1 PV ON 421.5200 SHARES DUE 11/25/2021 $0.00233/PV ON 180,520.10 PV DUE 11/25/21 - - 421.52 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 11/25/2021 11/26/2021 3137BLW87 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.802% 1/25/25 (3,925.10) - 3,925.10 (4,085.43) (160.33) - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3137BQBY2 AMORTIZED PREMIUM ON F H L M C MLTCL MT 2.18304% 5/25/22 CURRENT YEAR AMORTIZATION - - - (6.33) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3137BQBY2 INTEREST EARNED ON F H L M C MLTCL MT 2.18304% 5/25/22 $1 PV ON 58.1300 SHARES DUE 11/25/2021 $0.00182/PV ON 31,952.81 PV DUE 11/25/21 - - 58.13 - - - Page 86 of 102124 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 2017 Financing STAMP Portfolio Transaction Report by Account 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 11/25/2021 11/26/2021 3137BQBY2 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 2.18304% 5/25/22 (14,308.24) 5.10 14,308.24 (14,324.80) - (16.56) 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3138EJPZ5 INTEREST EARNED ON F N M A #AL2239 3.370% 7/01/22 $1 PV ON 3.5600 SHARES DUE 11/25/2021 OCTOBER FNMA DUE 11/25/21 - - 3.56 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 11/25/2021 11/26/2021 3138EJPZ5 PAID DOWN PAR VALUE OF F N M A #AL2239 3.370% 7/01/22 OCTOBER FNMA DUE 11/25/21 (4.03) - 4.03 (4.04) - (0.01) 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3138EJPZ5 AMORTIZED PREMIUM ON F N M A #AL2239 3.370% 7/01/22 CURRENT YEAR AMORTIZATION - - - (0.65) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3138EQRJ3 AMORTIZED PREMIUM ON F N M A #AL7688 3.500% 11/01/30 CURRENT YEAR AMORTIZATION - - - (270.16) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3138EQRJ3 INTEREST EARNED ON F N M A #AL7688 3.500% 11/01/30 $1 PV ON 516.2100 SHARES DUE 11/25/2021 P & I DUE 11/25/21 - - 516.21 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 11/25/2021 11/26/2021 3138EQRJ3 PAID DOWN PAR VALUE OF F N M A #AL7688 3.500% 11/01/30 P & I DUE 11/25/21 (5,303.18) - 5,303.18 (5,625.68) (322.50) - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3138ETQP4 INTEREST EARNED ON F N M A #AL8561 3.500% 6/01/31 $1 PV ON 99.5900 SHARES DUE 11/25/2021 OCTOBER FNMA DUE 11/25/21 - - 99.59 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 11/25/2021 11/26/2021 3138ETQP4 PAID DOWN PAR VALUE OF F N M A #AL8561 3.500% 6/01/31 OCTOBER FNMA DUE 11/25/21 (786.77) - 786.77 (840.54) (53.77) - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3138ETQP4 AMORTIZED PREMIUM ON F N M A #AL8561 3.500% 6/01/31 CURRENT YEAR AMORTIZATION - - - (56.04) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3138WEMJ5 INTEREST EARNED ON F N M A #AS4860 2.500% 5/01/30 $1 PV ON 405.3100 SHARES DUE 11/25/2021 OCTOBER FNMA DUE 11/25/21 - - 405.31 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 11/25/2021 11/26/2021 3138WEMJ5 PAID DOWN PAR VALUE OF F N M A #AS4860 2.500% 5/01/30 OCTOBER FNMA DUE 11/25/21 (3,655.82) - 3,655.82 (3,804.85) (149.03) - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3138WEMJ5 AMORTIZED PREMIUM ON F N M A #AS4860 2.500% 5/01/30 CURRENT YEAR AMORTIZATION - - - (180.25) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 31392J6N4 INTEREST EARNED ON F N M A GTD REMIC 5.500% 4/25/23 $1 PV ON 381.3800 SHARES DUE 11/25/2021 $0.00458/PV ON 83,210.94 PV DUE 11/25/21 - - 381.38 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 11/25/2021 11/26/2021 31392J6N4 PAID DOWN PAR VALUE OF F N M A GTD REMIC 5.500% 4/25/23 (7,493.06) - 7,493.06 (7,516.42) - (23.36) 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 31392J6N4 AMORTIZED PREMIUM ON F N M A GTD REMIC 5.500% 4/25/23 CURRENT YEAR AMORTIZATION - - - (30.23) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3140J8ME0 AMORTIZED PREMIUM ON F N M A #BM3956 3.000% 12/01/32 CURRENT YEAR AMORTIZATION - - - (26.71) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3140J8ME0 INTEREST EARNED ON F N M A #BM3956 3.000% 12/01/32 $1 PV ON 62.0700 SHARES DUE 11/25/2021 P & I DUE 11/25/21 - - 62.07 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 11/25/2021 11/26/2021 3140J8ME0 PAID DOWN PAR VALUE OF F N M A #BM3956 3.000% 12/01/32 P & I DUE 11/25/21 (530.13) - 530.13 (559.52) (29.39) - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3140X4H90 AMORTIZED PREMIUM ON F N M A #FM1155 2.500% 6/01/32 CURRENT YEAR AMORTIZATION - - - (152.49) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3140X4H90 INTEREST EARNED ON F N M A #FM1155 2.500% 6/01/32 $1 PV ON 373.3000 SHARES DUE 11/25/2021 P & I DUE 11/25/21 - - 373.30 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 11/25/2021 11/26/2021 3140X4H90 PAID DOWN PAR VALUE OF F N M A #FM1155 2.500% 6/01/32 P & I DUE 11/25/21 (5,404.02) - 5,404.02 (5,647.18) (243.16) - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3140X7LS6 AMORTIZED PREMIUM ON F N M A #FM3936 2.500% 8/01/35 CURRENT YEAR AMORTIZATION - - - (70.91) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3140X7LS6 INTEREST EARNED ON F N M A #FM3936 2.500% 8/01/35 $1 PV ON 210.9800 SHARES DUE 11/25/2021 P & I DUE 11/25/21 - - 210.98 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 11/25/2021 11/26/2021 3140X7LS6 PAID DOWN PAR VALUE OF F N M A #FM3936 2.500% 8/01/35 P & I DUE 11/25/21 (3,241.38) - 3,241.38 (3,389.35) (147.97) - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3140X9VK8 AMORTIZED PREMIUM ON F N M A #FM6017 3.000% 2/01/35 CURRENT YEAR AMORTIZATION - - - (84.51) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 3140X9VK8 INTEREST EARNED ON F N M A #FM6017 3.000% 2/01/35 $1 PV ON 199.3600 SHARES DUE 11/25/2021 P & I DUE 11/25/21 - - 199.36 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 11/25/2021 11/26/2021 3140X9VK8 PAID DOWN PAR VALUE OF F N M A #FM6017 3.000% 2/01/35 P & I DUE 11/25/21 (1,864.63) - 1,864.63 (1,980.83) (116.20) - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 31418CDH4 AMORTIZED PREMIUM ON F N M A #MA2803 2.500% 11/01/31 CURRENT YEAR AMORTIZATION - - - (31.58) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 31418CDH4 INTEREST EARNED ON F N M A #MA2803 2.500% 11/01/31 $1 PV ON 78.0200 SHARES DUE 11/25/2021 P & I DUE 11/25/21 - - 78.02 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 11/25/2021 11/26/2021 31418CDH4 PAID DOWN PAR VALUE OF F N M A #MA2803 2.500% 11/01/31 P & I DUE 11/25/21 (1,299.13) - 1,299.13 (1,354.41) (55.28) - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 31418D6G2 AMORTIZED PREMIUM ON F N M A #MA4470 2.000% 10/01/36 CURRENT YEAR AMORTIZATION - - - (0.25) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 11/25/2021 11/26/2021 31418D6G2 PAID DOWN PAR VALUE OF F N M A #MA4470 2.000% 10/01/36 P & I DUE 11/25/21 (2,958.58) - 2,958.58 (3,031.20) (72.62) - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 31418D6G2 INTEREST EARNED ON F N M A #MA4470 2.000% 10/01/36 $1 PV ON 683.3300 SHARES DUE 11/25/2021 P & I DUE 11/25/21 - - 683.33 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 31418DSA1 INTEREST EARNED ON F N M A #MA4112 3.000% 8/01/35 $1 PV ON 195.3500 SHARES DUE 11/25/2021 OCTOBER FNMA DUE 11/25/21 - - 195.35 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 11/25/2021 11/26/2021 31418DSA1 PAID DOWN PAR VALUE OF F N M A #MA4112 3.000% 8/01/35 OCTOBER FNMA DUE 11/25/21 (3,822.50) - 3,822.50 (3,998.03) - (175.53) 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 31418DSA1 AMORTIZED PREMIUM ON F N M A #MA4112 3.000% 8/01/35 CURRENT YEAR AMORTIZATION - - - (59.42) - - Page 87 of 102125 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 2017 Financing STAMP Portfolio Transaction Report by Account 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 31418DVU3 AMORTIZED PREMIUM ON F N M A #MA4226 2.000% 12/01/30 CURRENT YEAR AMORTIZATION - - - (139.88) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 31418DVU3 INTEREST EARNED ON F N M A #MA4226 2.000% 12/01/30 $1 PV ON 344.7500 SHARES DUE 11/25/2021 OCTOBER FNMA DUE 11/25/21 - - 344.75 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 11/25/2021 11/26/2021 31418DVU3 PAID DOWN PAR VALUE OF F N M A #MA4226 2.000% 12/01/30 OCTOBER FNMA DUE 11/25/21 (5,161.93) - 5,161.93 (5,325.77) (163.84) - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 11/26/2021 11/26/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 41,775.93 1.00 (41,775.93) 41,775.93 - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/26/2021 11/26/2021 11/26/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 47,151.82 1.00 (47,151.82) 47,151.82 - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/29/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (3,811.13) - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/29/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 3,811.13 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 11/29/2021 11/29/2021 11/29/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 7,072.87 1.00 (7,072.87) 7,072.87 - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/01/2021 31846V203 INTEREST EARNED ON FIRST AM GOVT OB FD CL Y UNIT ON 0.0000 SHARES DUE 11/30/2021 INTEREST FROM 11/1/21 TO 11/30/21 - - 0.58 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/01/2021 12/01/2021 12/01/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (150,020.07) 1.00 150,020.07 (150,020.07) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/01/2021 12/01/2021 91282CCQ2 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 0.00001% 7/31/23 - - (9.96) - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/01/2021 11/30/2021 12/01/2021 91282CCQ2 PURCHASED PAR VALUE OF U S TREASURY NT 0.00001% 7/31/23 /JPMSUS3X JP MORGAN SEC NY/150,000 PAR VALUE AT 100.00674 % 150,000.00 1.00 (150,010.11) 150,010.11 - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/02/2021 11/25/2021 12/02/2021 3137AYCE9 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.682% 10/25/22 (175.68) - 175.68 (176.77) - (1.09) 240907020 RCTC 2017 TIFIA RAMP UP FD 12/02/2021 12/02/2021 12/02/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 0.58 1.00 (0.58) 0.58 - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/02/2021 12/02/2021 12/02/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 117.38 1.00 (117.38) 117.38 - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/02/2021 09/30/2021 10/01/2021 38378KWU9 SOLD -REV PAR VALUE OF G N M A GTD REMIC 1.400% 10/16/41 /MORGAN STANLEY & CO. LLC/4,020.63 PAR VALUE AT 99.96493087 % 4,020.63 1.00 (4,019.22) 3,771.85 - (247.37) 240907020 RCTC 2017 TIFIA RAMP UP FD 12/02/2021 09/30/2021 10/01/2021 38378KWU9 SOLD PAR VALUE OF G N M A GTD REMIC 1.400% 10/16/41 /MORGAN STANLEY & CO. LLC/3,962.31 PAR VALUE AT 99.96483115 % (3,962.31) 1.00 3,960.92 (3,717.14) - 243.78 240907020 RCTC 2017 TIFIA RAMP UP FD 12/02/2021 10/21/2021 10/21/2021 38378KWU9 DISTRIBU-REV PAR VALUE OF G N M A GTD REMIC 1.400% 10/16/41 VALUED AT -0.01 0.01 - - 0.01 - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/14/2021 CASH RECEIPT PRINCIPAL DUE - - (58.32) - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/14/2021 12/14/2021 12/14/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 0.01 1.00 (0.01) 0.01 - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/14/2021 11/16/2021 12/14/2021 38378KWU9 PAID DOWN PAR VALUE OF G N M A GTD REMIC 1.400% 10/16/41 (58.33) - 58.33 (54.72) - 3.61 240907020 RCTC 2017 TIFIA RAMP UP FD 12/15/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 2,549.75 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/15/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (2,549.75) - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/15/2021 3128MMT52 AMORTIZED PREMIUM ON F H L M C GD G18571 2.500% 10/01/30 CURRENT YEAR AMORTIZATION - - - (153.06) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/15/2021 3128MMT52 INTEREST EARNED ON F H L M C GD G18571 2.500% 10/01/30 $1 PV ON 383.7100 SHARES DUE 12/15/2021 NOVEMBER FHLMC DUE 12/15/21 - - 383.71 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/15/2021 12/15/2021 12/15/2021 3128MMT52 PAID DOWN PAR VALUE OF F H L M C GD G18571 2.500% 10/01/30 NOVEMBER FHLMC DUE 12/15/21 (5,000.33) - 5,000.33 (5,195.49) (195.16) - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/15/2021 3128MMUL5 AMORTIZED PREMIUM ON F H L M C GD G18586 2.500% 2/01/31 CURRENT YEAR AMORTIZATION - - - (13.41) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/15/2021 12/15/2021 12/15/2021 3128MMUL5 PAID DOWN PAR VALUE OF F H L M C GD G18586 2.500% 2/01/31 NOVEMBER FHLMC DUE 12/15/21 (511.97) - 511.97 (533.78) (21.81) - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/15/2021 3128MMUL5 INTEREST EARNED ON F H L M C GD G18586 2.500% 2/01/31 $1 PV ON 31.7900 SHARES DUE 12/15/2021 NOVEMBER FHLMC DUE 12/15/21 - - 31.79 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/15/2021 12/15/2021 12/15/2021 31307NP40 PAID DOWN PAR VALUE OF F H L M C GD J32243 3.000% 7/01/30 NOVEMBER FHLMC DUE 12/15/21 (771.71) - 771.71 (816.81) (45.10) - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/15/2021 31307NP40 AMORTIZED PREMIUM ON F H L M C GD J32243 3.000% 7/01/30 CURRENT YEAR AMORTIZATION - - - (96.85) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/15/2021 31307NP40 INTEREST EARNED ON F H L M C GD J32243 3.000% 7/01/30 $1 PV ON 180.6200 SHARES DUE 12/15/2021 NOVEMBER FHLMC DUE 12/15/21 - - 180.62 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/15/2021 3137AQQE1 INTEREST EARNED ON F H L M C MLTCL MTG 1.500% 5/15/27 $1 PV ON 42.7200 SHARES DUE 12/15/2021 $0.00125/PV ON 34,183.46 PV DUE 12/15/21 - - 42.72 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/15/2021 12/15/2021 12/15/2021 3137AQQE1 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 1.500% 5/15/27 (965.76) - 965.76 (978.64) (12.88) - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/15/2021 3137AQQE1 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 1.500% 5/15/27 CURRENT YEAR AMORTIZATION - - - (15.97) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/15/2021 3137AWWM3 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 1.250% 12/15/27 CURRENT YEAR AMORTIZATION - - - (5.58) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/15/2021 12/15/2021 12/15/2021 3137AWWM3 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 1.250% 12/15/27 (501.17) - 501.17 (505.88) (4.71) - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/15/2021 3137AWWM3 INTEREST EARNED ON F H L M C MLTCL MTG 1.250% 12/15/27 $1 PV ON 19.1900 SHARES DUE 12/15/2021 $0.00104/PV ON 18,420.20 PV DUE 12/15/21 - - 19.19 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/15/2021 12/15/2021 12/15/2021 3137AYSH5 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 1.750% 12/15/42 (2,611.54) - 2,611.54 (2,663.93) (52.39) - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/15/2021 3137AYSH5 INTEREST EARNED ON F H L M C MLTCL MTG 1.750% 12/15/42 $1 PV ON 158.6600 SHARES DUE 12/15/2021 $0.00146/PV ON 108,788.71 PV DUE 12/15/21 - - 158.66 - - - Page 88 of 102126 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 2017 Financing STAMP Portfolio Transaction Report by Account 240907020 RCTC 2017 TIFIA RAMP UP FD 12/15/2021 3137AYSH5 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 1.750% 12/15/42 CURRENT YEAR AMORTIZATION - - - (30.68) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/15/2021 3137B2Z78 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 1.400% 7/15/23 CURRENT YEAR AMORTIZATION - - - (5.22) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/15/2021 12/15/2021 12/15/2021 3137B2Z78 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 1.400% 7/15/23 (3,522.77) - 3,522.77 (3,530.07) (7.30) - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/15/2021 3137B2Z78 INTEREST EARNED ON F H L M C MLTCL MTG 1.400% 7/15/23 $1 PV ON 28.0400 SHARES DUE 12/15/2021 $0.00117/PV ON 24,036.87 PV DUE 12/15/21 - - 28.04 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/15/2021 3137B6DF5 INTEREST EARNED ON F H L M C MLTCL MTG 2.000% 11/15/26 $1 PV ON 90.3100 SHARES DUE 12/15/2021 $0.00167/PV ON 54,186.00 PV DUE 12/15/21 - - 90.31 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/15/2021 12/15/2021 12/15/2021 3137B6DF5 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.000% 11/15/26 (3,152.62) - 3,152.62 (3,200.72) (48.10) - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/15/2021 3137B6DF5 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.000% 11/15/26 CURRENT YEAR AMORTIZATION - - - (33.07) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/15/2021 12/15/2021 12/15/2021 3137B84S3 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.000% 2/15/29 (1,643.65) - 1,643.65 (1,623.10) - 20.55 240907020 RCTC 2017 TIFIA RAMP UP FD 12/15/2021 3137B84S3 INTEREST EARNED ON F H L M C MLTCL MTG 2.000% 2/15/29 $1 PV ON 50.5600 SHARES DUE 12/15/2021 $0.00167/PV ON 30,336.73 PV DUE 12/15/21 - - 50.56 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/15/2021 3137B9RN7 INTEREST EARNED ON F H L M C MLTCL MTG 2.500% 12/15/27 $1 PV ON 119.9900 SHARES DUE 12/15/2021 $0.00208/PV ON 57,594.79 PV DUE 12/15/21 - - 119.99 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/15/2021 12/15/2021 12/15/2021 3137B9RN7 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.500% 12/15/27 (3,777.75) - 3,777.75 (3,835.35) (57.60) - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/15/2021 3137B9RN7 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.500% 12/15/27 CURRENT YEAR AMORTIZATION - - - (28.03) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/15/2021 12/15/2021 12/15/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 28,785.58 1.00 (28,785.58) 28,785.58 - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/15/2021 36176XQB8 AMORTIZED PREMIUM ON G N M A #779250 3.000% 5/15/27 CURRENT YEAR AMORTIZATION - - - (158.62) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/15/2021 12/15/2021 12/15/2021 36176XQB8 PAID DOWN PAR VALUE OF G N M A #779250 3.000% 5/15/27 NOVEMBER GNMA DUE 12/15/21 (3,767.18) - 3,767.18 (3,894.50) (127.32) - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/15/2021 36176XQB8 INTEREST EARNED ON G N M A #779250 3.000% 5/15/27 $1 PV ON 347.2900 SHARES DUE 12/15/2021 NOVEMBER GNMA DUE 12/15/21 - - 347.29 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/15/2021 91282CBA8 INTEREST EARNED ON U S TREASURY NT 0.125% 12/15/23 $1 PV ON 670000.0000 SHARES DUE 12/15/2021 - - 418.75 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/15/2021 91282CCG4 INTEREST EARNED ON U S TREASURY NT 0.250% 6/15/24 $1 PV ON 550000.0000 SHARES DUE 12/15/2021 - - 687.50 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/16/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 168.00 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/16/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (168.00) - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/16/2021 12/16/2021 12/16/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 3,598.47 1.00 (3,598.47) 3,598.47 - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/16/2021 12/16/2021 12/16/2021 38375XCM4 PAID DOWN PAR VALUE OF G N M A GTD REMIC 5.000% 11/16/37 (852.56) - 852.56 (866.12) - (13.56) 240907020 RCTC 2017 TIFIA RAMP UP FD 12/16/2021 38375XCM4 AMORTIZED PREMIUM ON G N M A GTD REMIC 5.000% 11/16/37 CURRENT YEAR AMORTIZATION - - - (0.83) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/16/2021 38375XCM4 INTEREST EARNED ON G N M A GTD REMIC 5.000% 11/16/37 $1 PV ON 11.2000 SHARES DUE 12/16/2021 $0.00417/PV ON 2,688.35 PV DUE 12/16/21 - - 11.20 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/16/2021 38376T5Z1 AMORTIZED PREMIUM ON G N M A GTD REMIC 3.000% 1/16/39 CURRENT YEAR AMORTIZATION - - - (16.49) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/16/2021 12/16/2021 12/16/2021 38376T5Z1 PAID DOWN PAR VALUE OF G N M A GTD REMIC 3.000% 1/16/39 (797.18) - 797.18 (822.47) (25.29) - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/16/2021 38376T5Z1 INTEREST EARNED ON G N M A GTD REMIC 3.000% 1/16/39 $1 PV ON 67.0000 SHARES DUE 12/16/2021 $0.00250/PV ON 26,799.03 PV DUE 12/16/21 - - 67.00 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/16/2021 38376V2E6 AMORTIZED PREMIUM ON G N M A GTD REMIC 4.000% 7/16/39 CURRENT YEAR AMORTIZATION - - - (5.10) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/16/2021 12/16/2021 12/16/2021 38376V2E6 PAID DOWN PAR VALUE OF G N M A GTD REMIC 4.000% 7/16/39 (384.34) - 384.34 (393.52) - (9.18) 240907020 RCTC 2017 TIFIA RAMP UP FD 12/16/2021 38376V2E6 INTEREST EARNED ON G N M A GTD REMIC 4.000% 7/16/39 $1 PV ON 37.7400 SHARES DUE 12/16/2021 $0.00333/PV ON 11,321.40 PV DUE 12/16/21 - - 37.74 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/16/2021 12/16/2021 12/16/2021 38378VC45 PAID DOWN PAR VALUE OF G N M A GTD REMIC 2.250% 12/16/41 (1,396.39) - 1,396.39 (1,345.99) - 50.40 240907020 RCTC 2017 TIFIA RAMP UP FD 12/16/2021 38378VC45 INTEREST EARNED ON G N M A GTD REMIC 2.250% 12/16/41 $1 PV ON 52.0600 SHARES DUE 12/16/2021 $0.00188/PV ON 27,765.10 PV DUE 12/16/21 - - 52.06 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/20/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (331.45) - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/20/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 331.45 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/20/2021 12/20/2021 12/20/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 1,508.21 1.00 (1,508.21) 1,508.21 - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/20/2021 12/20/2021 12/20/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 7,365.10 1.00 (7,365.10) 7,365.10 - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/20/2021 12/20/2021 12/20/2021 36179NAJ7 PAID DOWN PAR VALUE OF G N M A I I #MA0909 3.000% 4/20/28 NOVEMBER GNMA DUE 12/20/21 (324.06) - 324.06 (335.23) - (11.17) 240907020 RCTC 2017 TIFIA RAMP UP FD 12/20/2021 36179NAJ7 AMORTIZED PREMIUM ON G N M A I I #MA0909 3.000% 4/20/28 CURRENT YEAR AMORTIZATION - - - (10.46) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/20/2021 36179NAJ7 INTEREST EARNED ON G N M A I I #MA0909 3.000% 4/20/28 $1 PV ON 25.6700 SHARES DUE 12/20/2021 NOVEMBER GNMA DUE 12/20/21 - - 25.67 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/20/2021 12/20/2021 12/20/2021 36179NHK7 PAID DOWN PAR VALUE OF G N M A I I #MA1134 3.000% 7/20/28 NOVEMBER GNMA DUE 12/20/21 (2,437.58) - 2,437.58 (2,499.04) - (61.46) Page 89 of 102127 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 2017 Financing STAMP Portfolio Transaction Report by Account 240907020 RCTC 2017 TIFIA RAMP UP FD 12/20/2021 36179NHK7 AMORTIZED PREMIUM ON G N M A I I #MA1134 3.000% 7/20/28 CURRENT YEAR AMORTIZATION - - - (53.22) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/20/2021 36179NHK7 INTEREST EARNED ON G N M A I I #MA1134 3.000% 7/20/28 $1 PV ON 184.3200 SHARES DUE 12/20/2021 NOVEMBER GNMA DUE 12/20/21 - - 184.32 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/20/2021 12/20/2021 12/20/2021 36179NKP2 PAID DOWN PAR VALUE OF G N M A II #MA1202 2.500% 8/20/28 P & I DUE 12/20/21 (435.29) - 435.29 (449.82) (14.53) - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/20/2021 36179NKP2 AMORTIZED PREMIUM ON G N M A II #MA1202 2.500% 8/20/28 CURRENT YEAR AMORTIZATION - - - (19.11) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/20/2021 36179NKP2 INTEREST EARNED ON G N M A II #MA1202 2.500% 8/20/28 $1 PV ON 43.8000 SHARES DUE 12/20/2021 P & I DUE 12/20/21 - - 43.80 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/20/2021 36202F2H8 INTEREST EARNED ON G N M A I I #005276 3.000% 1/20/27 $1 PV ON 39.0400 SHARES DUE 12/20/2021 P & I DUE 12/20/21 - - 39.04 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/20/2021 12/20/2021 12/20/2021 36202F2H8 PAID DOWN PAR VALUE OF G N M A I I #005276 3.000% 1/20/27 P & I DUE 12/20/21 (626.18) - 626.18 (633.51) - (7.33) 240907020 RCTC 2017 TIFIA RAMP UP FD 12/20/2021 36202F2H8 AMORTIZED PREMIUM ON G N M A I I #005276 3.000% 1/20/27 CURRENT YEAR AMORTIZATION - - - (6.52) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/20/2021 12/20/2021 12/20/2021 36202F3H7 PAID DOWN PAR VALUE OF G N M A I I #005300 3.000% 2/20/27 NOVEMBER GNMA DUE 12/20/21 (654.14) - 654.14 (672.46) - (18.32) 240907020 RCTC 2017 TIFIA RAMP UP FD 12/20/2021 36202F3H7 AMORTIZED PREMIUM ON G N M A I I #005300 3.000% 2/20/27 CURRENT YEAR AMORTIZATION - - - (17.04) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/20/2021 36202F3H7 INTEREST EARNED ON G N M A I I #005300 3.000% 2/20/27 $1 PV ON 43.1800 SHARES DUE 12/20/2021 NOVEMBER GNMA DUE 12/20/21 - - 43.18 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/20/2021 12/20/2021 12/20/2021 38377LFC7 PAID DOWN PAR VALUE OF G N M A GTD REMIC 2.500% 12/20/39 (1,538.10) - 1,538.10 (1,551.52) (13.42) - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/20/2021 38377LFC7 AMORTIZED PREMIUM ON G N M A GTD REMIC 2.500% 12/20/39 CURRENT YEAR AMORTIZATION - - - (0.86) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/20/2021 38377LFC7 INTEREST EARNED ON G N M A GTD REMIC 2.500% 12/20/39 $1 PV ON 12.2000 SHARES DUE 12/20/2021 $0.00208/PV ON 5,858.06 PV DUE 12/20/21 - - 12.20 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/20/2021 12/20/2021 12/20/2021 38377QKH9 PAID DOWN PAR VALUE OF G N M A GTD REMIC 3.000% 8/20/40 (372.91) - 372.91 (376.92) - (4.01) 240907020 RCTC 2017 TIFIA RAMP UP FD 12/20/2021 38377QKH9 AMORTIZED PREMIUM ON G N M A GTD REMIC 3.000% 8/20/40 CURRENT YEAR AMORTIZATION - - - (1.05) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/20/2021 38377QKH9 INTEREST EARNED ON G N M A GTD REMIC 3.000% 8/20/40 $1 PV ON 14.8400 SHARES DUE 12/20/2021 $0.00250/PV ON 5,936.94 PV DUE 12/20/21 - - 14.84 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/20/2021 12/20/2021 12/20/2021 38378HAU0 PAID DOWN PAR VALUE OF G N M A GTD REMIC 1.500% 8/20/27 (1,706.86) - 1,706.86 (1,727.57) (20.71) - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/20/2021 38378HAU0 AMORTIZED PREMIUM ON G N M A GTD REMIC 1.500% 8/20/27 CURRENT YEAR AMORTIZATION - - - (16.76) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/20/2021 38378HAU0 INTEREST EARNED ON G N M A GTD REMIC 1.500% 8/20/27 $1 PV ON 51.2400 SHARES DUE 12/20/2021 $0.00125/PV ON 40,995.65 PV DUE 12/20/21 - - 51.24 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/20/2021 12/20/2021 12/20/2021 38378JZD7 PAID DOWN PAR VALUE OF G N M A GTD REMIC 1.500% 12/20/40 (354.17) - 354.17 (349.74) - 4.43 240907020 RCTC 2017 TIFIA RAMP UP FD 12/20/2021 38378JZD7 INTEREST EARNED ON G N M A GTD REMIC 1.500% 12/20/40 $1 PV ON 9.7300 SHARES DUE 12/20/2021 $0.00125/PV ON 7,786.79 PV DUE 12/20/21 - - 9.73 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/21/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 92.57 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/21/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (92.57) - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (5,885.94) - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 5,885.94 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3132A8GL7 AMORTIZED PREMIUM ON F H L M C #ZS7403 3.000% 5/01/31 CURRENT YEAR AMORTIZATION - - - (68.24) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 12/25/2021 12/27/2021 3132A8GL7 PAID DOWN PAR VALUE OF F H L M C #ZS7403 3.000% 5/01/31 NOVEMBER FHLMC DUE 12/25/21 (1,528.39) - 1,528.39 (1,613.09) (84.70) - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3132A8GL7 INTEREST EARNED ON F H L M C #ZS7403 3.000% 5/01/31 $1 PV ON 144.4800 SHARES DUE 12/25/2021 NOVEMBER FHLMC DUE 12/25/21 - - 144.48 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 12/25/2021 12/27/2021 3132AEF68 PAID DOWN PAR VALUE OF F H L M C #ZT1989 3.500% 1/01/33 NOVEMBER FHLMC DUE 12/25/21 (758.37) - 758.37 (815.43) (57.06) - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3132AEF68 AMORTIZED PREMIUM ON F H L M C #ZT1989 3.500% 1/01/33 CURRENT YEAR AMORTIZATION - - - (60.87) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3132AEF68 INTEREST EARNED ON F H L M C #ZT1989 3.500% 1/01/33 $1 PV ON 112.1700 SHARES DUE 12/25/2021 NOVEMBER FHLMC DUE 12/25/21 - - 112.17 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 12/25/2021 12/27/2021 3132AEFC5 PAID DOWN PAR VALUE OF F H L M C #ZT1963 3.500% 11/01/30 NOVEMBER FHLMC DUE 12/25/21 (1,904.20) - 1,904.20 (2,013.23) (49.99) (59.04) 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3132AEFC5 AMORTIZED PREMIUM ON F H L M C #ZT1963 3.500% 11/01/30 CURRENT YEAR AMORTIZATION - - - (107.97) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3132AEFC5 INTEREST EARNED ON F H L M C #ZT1963 3.500% 11/01/30 $1 PV ON 224.9700 SHARES DUE 12/25/2021 NOVEMBER FHLMC DUE 12/25/21 - - 224.97 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 12/25/2021 12/27/2021 3133Q5GZ3 PAID DOWN PAR VALUE OF F H L M C GTD REMIC 1.000% 9/25/33 (2,034.26) - 2,034.26 (2,055.87) (21.61) - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3133Q5GZ3 AMORTIZED PREMIUM ON F H L M C GTD REMIC 1.000% 9/25/33 CURRENT YEAR AMORTIZATION - - - (16.92) - - Page 90 of 102128 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 2017 Financing STAMP Portfolio Transaction Report by Account 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3133Q5GZ3 INTEREST EARNED ON F H L M C GTD REMIC 1.000% 9/25/33 $1 PV ON 48.5700 SHARES DUE 12/25/2021 $0.00083/PV ON 58,287.21 PV DUE 12/25/21 - - 48.57 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3136A72D3 INTEREST EARNED ON F N M A GTD REMIC 2.482% 4/25/22 $1 PV ON 5.7400 SHARES DUE 12/25/2021 $0.00207/PV ON 2,774.50 PV DUE 12/25/21 - - 5.74 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 12/25/2021 12/27/2021 3136A72D3 PAID DOWN PAR VALUE OF F N M A GTD REMIC 2.482% 4/25/22 (163.95) - 163.95 (164.06) - (0.11) 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3136A72D3 AMORTIZED PREMIUM ON F N M A GTD REMIC 2.482% 4/25/22 CURRENT YEAR AMORTIZATION - - - (0.49) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 12/25/2021 12/27/2021 3136A7D25 PAID DOWN PAR VALUE OF F N M A GTD REMIC 3.000% 7/25/41 (3,099.89) - 3,099.89 (3,129.75) (29.86) - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3136A7D25 AMORTIZED PREMIUM ON F N M A GTD REMIC 3.000% 7/25/41 CURRENT YEAR AMORTIZATION - - - (3.80) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3136A7D25 INTEREST EARNED ON F N M A GTD REMIC 3.000% 7/25/41 $1 PV ON 58.1100 SHARES DUE 12/25/2021 $0.00250/PV ON 23,245.62 PV DUE 12/25/21 - - 58.11 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 12/25/2021 12/27/2021 3136A8SX9 PAID DOWN PAR VALUE OF F N M A GTD REMIC 1.500% 9/25/27 (527.29) - 527.29 (534.60) (7.31) - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3136A8SX9 AMORTIZED PREMIUM ON F N M A GTD REMIC 1.500% 9/25/27 CURRENT YEAR AMORTIZATION - - - (7.41) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3136A8SX9 INTEREST EARNED ON F N M A GTD REMIC 1.500% 9/25/27 $1 PV ON 20.1300 SHARES DUE 12/25/2021 $0.00125/PV ON 16,102.43 PV DUE 12/25/21 - - 20.13 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 12/25/2021 12/27/2021 3136A96F0 PAID DOWN PAR VALUE OF F N M A GTD REMIC 2.183% 11/25/22 (979.18) - 979.18 (949.08) - 30.10 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3136A96F0 INTEREST EARNED ON F N M A GTD REMIC 2.183% 11/25/22 $1 PV ON 28922.5000 SHARES DUE 12/25/2021 PENALTY PAYMENT - - 1.80 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3136A96F0 INTEREST EARNED ON F N M A GTD REMIC 2.183% 11/25/22 $1 PV ON 52.6400 SHARES DUE 12/25/2021 $0.00182/PV ON 28,922.50 PV DUE 12/25/21 - - 52.64 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3136ABNZ2 INTEREST EARNED ON F N M A GTD REMIC 2.000% 11/25/42 $1 PV ON 30.6200 SHARES DUE 12/25/2021 $0.00167/PV ON 18,373.64 PV DUE 12/25/21 - - 30.62 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 12/25/2021 12/27/2021 3136ABNZ2 PAID DOWN PAR VALUE OF F N M A GTD REMIC 2.000% 11/25/42 (730.86) - 730.86 (743.00) (12.14) - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3136ABNZ2 AMORTIZED PREMIUM ON F N M A GTD REMIC 2.000% 11/25/42 CURRENT YEAR AMORTIZATION - - - (5.05) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 12/25/2021 12/27/2021 3136AC7J4 PAID DOWN PAR VALUE OF F N M A GTD REMIC 2.560% 3/25/23 (1,686.05) - 1,686.05 (1,658.32) - 27.73 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3136AC7J4 INTEREST EARNED ON F N M A GTD REMIC 2.560% 3/25/23 $1 PV ON 21979.8300 SHARES DUE 12/25/2021 PENALTY PAYMENT - - 18.68 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3136AC7J4 INTEREST EARNED ON F N M A GTD REMIC 2.560% 3/25/23 $1 PV ON 46.6000 SHARES DUE 12/25/2021 $0.00212/PV ON 21,979.83 PV DUE 12/25/21 - - 46.60 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3136ADZA0 INTEREST EARNED ON F N M A GTD REMIC 1.250% 4/25/28 $1 PV ON 43.3200 SHARES DUE 12/25/2021 $0.00104/PV ON 41,587.25 PV DUE 12/25/21 - - 43.32 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 12/25/2021 12/27/2021 3136ADZA0 PAID DOWN PAR VALUE OF F N M A GTD REMIC 1.250% 4/25/28 (2,507.53) - 2,507.53 (2,530.37) (22.84) - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3136ADZA0 AMORTIZED PREMIUM ON F N M A GTD REMIC 1.250% 4/25/28 CURRENT YEAR AMORTIZATION - - - (11.65) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 12/25/2021 12/27/2021 3136AEY84 PAID DOWN PAR VALUE OF F N M A GTD REMIC 1.750% 7/25/28 (516.22) - 516.22 (524.15) (7.93) - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3136AEY84 AMORTIZED PREMIUM ON F N M A GTD REMIC 1.750% 7/25/28 CURRENT YEAR AMORTIZATION - - - (8.29) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3136AEY84 INTEREST EARNED ON F N M A GTD REMIC 1.750% 7/25/28 $1 PV ON 26.5400 SHARES DUE 12/25/2021 $0.00146/PV ON 18,195.48 PV DUE 12/25/21 - - 26.54 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 12/25/2021 12/27/2021 3136AMM48 PAID DOWN PAR VALUE OF F N M A GTD REMIC 2.509% 7/25/22 (8,690.45) - 8,690.45 (8,484.05) - 206.40 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3136AMM48 INTEREST EARNED ON F N M A GTD REMIC 2.509% 7/25/22 $1 PV ON 62.9100 SHARES DUE 12/25/2021 $0.00209/PV ON 30,089.49 PV DUE 12/25/21 - - 62.91 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3136AQZK9 INTEREST EARNED ON F N M A GTD REMIC 2.000% 11/25/31 $1 PV ON 94.3700 SHARES DUE 12/25/2021 $0.00167/PV ON 56,624.06 PV DUE 12/25/21 - - 94.37 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 12/25/2021 12/27/2021 3136AQZK9 PAID DOWN PAR VALUE OF F N M A GTD REMIC 2.000% 11/25/31 (1,521.13) - 1,521.13 (1,560.06) (38.93) - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3136AQZK9 AMORTIZED PREMIUM ON F N M A GTD REMIC 2.000% 11/25/31 CURRENT YEAR AMORTIZATION - - - (34.92) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 12/25/2021 12/27/2021 3137AYCE9 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.682% 10/25/22 (256.27) - 256.27 (257.72) - (1.45) 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3137AYCE9 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.682% 10/25/22 CURRENT YEAR AMORTIZATION - - - (55.58) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3137AYCE9 INTEREST EARNED ON F H L M C MLTCL MTG 2.682% 10/25/22 $1 PV ON 223.1100 SHARES DUE 12/25/2021 $0.00224/PV ON 99,824.32 PV DUE 12/25/21 - - 223.11 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 12/25/2021 12/27/2021 3137B1U75 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 3.22404% 1/25/23 (329.74) - 329.74 (324.15) - 5.59 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3137B1U75 INTEREST EARNED ON F H L M C MLTCL MT 3.22404% 1/25/23 $1 PV ON 200.5000 SHARES DUE 12/25/2021 $0.00210/PV ON 95,398.12 PV DUE 12/25/21 - - 200.50 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 12/25/2021 12/27/2021 3137B3NW4 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.778% 9/25/22 (2,417.00) - 2,417.00 (2,396.23) - 20.77 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3137B3NW4 INTEREST EARNED ON F H L M C MLTCL MTG 2.778% 9/25/22 $1 PV ON 54.0800 SHARES DUE 12/25/2021 $0.00231/PV ON 23,358.62 PV DUE 12/25/21 - - 54.08 - - - Page 91 of 102129 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 2017 Financing STAMP Portfolio Transaction Report by Account 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3137B7YY9 INTEREST EARNED ON F H L M C MLTCL MT 3.48996% 1/25/24 $1 PV ON 607.8400 SHARES DUE 12/25/2021 $0.00291/PV ON 209,000.00 PV DUE 12/25/21 - - 607.84 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3137B7YY9 AMORTIZED PREMIUM ON F H L M C MLTCL MT 3.48996% 1/25/24 CURRENT YEAR AMORTIZATION - - - (954.59) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3137BDCW4 INTEREST EARNED ON F H L M C MLTCL MTG 3.303% 7/25/24 $1 PV ON 481.6900 SHARES DUE 12/25/2021 $0.00275/PV ON 175,000.00 PV DUE 12/25/21 - - 481.69 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3137BDCW4 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 3.303% 7/25/24 CURRENT YEAR AMORTIZATION - - - (360.87) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 12/25/2021 12/27/2021 3137BFE80 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.720% 8/25/24 (1,804.79) - 1,804.79 (1,856.71) - (51.92) 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3137BFE80 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.720% 8/25/24 CURRENT YEAR AMORTIZATION - - - (60.71) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3137BFE80 INTEREST EARNED ON F H L M C MLTCL MTG 2.720% 8/25/24 $1 PV ON 155.3000 SHARES DUE 12/25/2021 $0.00227/PV ON 68,515.43 PV DUE 12/25/21 - - 155.30 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3137BJQ71 INTEREST EARNED ON F H L M C MLTCL MT 2.76996% 5/25/25 $1 PV ON 346.2500 SHARES DUE 12/25/2021 $0.00231/PV ON 150,000.00 PV DUE 12/25/21 - - 346.25 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3137BJQ71 AMORTIZED PREMIUM ON F H L M C MLTCL MT 2.76996% 5/25/25 CURRENT YEAR AMORTIZATION - - - (233.37) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 12/25/2021 12/27/2021 3137BLW87 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.802% 1/25/25 (4,219.30) - 4,219.30 (4,387.18) (167.88) - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3137BLW87 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.802% 1/25/25 CURRENT YEAR AMORTIZATION - - - (187.04) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3137BLW87 INTEREST EARNED ON F H L M C MLTCL MTG 2.802% 1/25/25 $1 PV ON 412.3400 SHARES DUE 12/25/2021 $0.00234/PV ON 176,595.00 PV DUE 12/25/21 - - 412.34 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 12/25/2021 12/27/2021 3137BQBY2 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 2.18304% 5/25/22 (564.93) 9.28 564.93 (565.48) - (0.55) 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3137BQBY2 AMORTIZED PREMIUM ON F H L M C MLTCL MT 2.18304% 5/25/22 CURRENT YEAR AMORTIZATION - - - (3.38) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3137BQBY2 INTEREST EARNED ON F H L M C MLTCL MT 2.18304% 5/25/22 $1 PV ON 32.1000 SHARES DUE 12/25/2021 $0.00182/PV ON 17,644.57 PV DUE 12/25/21 - - 32.10 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3138EJPZ5 AMORTIZED PREMIUM ON F N M A #AL2239 3.370% 7/01/22 CURRENT YEAR AMORTIZATION - - - (0.62) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 12/25/2021 12/27/2021 3138EJPZ5 PAID DOWN PAR VALUE OF F N M A #AL2239 3.370% 7/01/22 NOVEMBER FNMA DUE 12/25/21 (4.22) - 4.22 (4.23) - (0.01) 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3138EJPZ5 INTEREST EARNED ON F N M A #AL2239 3.370% 7/01/22 $1 PV ON 3.4300 SHARES DUE 12/25/2021 NOVEMBER FNMA DUE 12/25/21 - - 3.43 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3138EQRJ3 AMORTIZED PREMIUM ON F N M A #AL7688 3.500% 11/01/30 CURRENT YEAR AMORTIZATION - - - (249.17) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 12/25/2021 12/27/2021 3138EQRJ3 PAID DOWN PAR VALUE OF F N M A #AL7688 3.500% 11/01/30 NOVEMBER FNMA DUE 12/25/21 (5,899.44) - 5,899.44 (6,249.63) (350.19) - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3138EQRJ3 INTEREST EARNED ON F N M A #AL7688 3.500% 11/01/30 $1 PV ON 500.7400 SHARES DUE 12/25/2021 NOVEMBER FNMA DUE 12/25/21 - - 500.74 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3138ETQP4 AMORTIZED PREMIUM ON F N M A #AL8561 3.500% 6/01/31 CURRENT YEAR AMORTIZATION - - - (52.09) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 12/25/2021 12/27/2021 3138ETQP4 PAID DOWN PAR VALUE OF F N M A #AL8561 3.500% 6/01/31 NOVEMBER FNMA DUE 12/25/21 (832.17) - 832.17 (887.74) (55.57) - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3138ETQP4 INTEREST EARNED ON F N M A #AL8561 3.500% 6/01/31 $1 PV ON 97.3000 SHARES DUE 12/25/2021 NOVEMBER FNMA DUE 12/25/21 - - 97.30 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3138WEMJ5 AMORTIZED PREMIUM ON F N M A #AS4860 2.500% 5/01/30 CURRENT YEAR AMORTIZATION - - - (168.93) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 12/25/2021 12/27/2021 3138WEMJ5 PAID DOWN PAR VALUE OF F N M A #AS4860 2.500% 5/01/30 NOVEMBER FNMA DUE 12/25/21 (7,672.82) - 7,672.82 (7,978.82) (306.00) - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3138WEMJ5 INTEREST EARNED ON F N M A #AS4860 2.500% 5/01/30 $1 PV ON 397.6900 SHARES DUE 12/25/2021 NOVEMBER FNMA DUE 12/25/21 - - 397.69 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 12/25/2021 12/27/2021 31392J6N4 PAID DOWN PAR VALUE OF F N M A GTD REMIC 5.500% 4/25/23 (7,295.24) - 7,295.24 (7,315.57) - (20.33) 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 31392J6N4 AMORTIZED PREMIUM ON F N M A GTD REMIC 5.500% 4/25/23 CURRENT YEAR AMORTIZATION - - - (25.11) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 31392J6N4 INTEREST EARNED ON F N M A GTD REMIC 5.500% 4/25/23 $1 PV ON 347.0400 SHARES DUE 12/25/2021 $0.00458/PV ON 75,717.88 PV DUE 12/25/21 - - 347.04 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 12/25/2021 12/27/2021 3140X4H90 PAID DOWN PAR VALUE OF F N M A #FM1155 2.500% 6/01/32 NOVEMBER FNMA DUE 12/25/21 (4,824.22) - 4,824.22 (5,037.35) (213.13) - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3140X4H90 AMORTIZED PREMIUM ON F N M A #FM1155 2.500% 6/01/32 CURRENT YEAR AMORTIZATION - - - (141.48) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3140X4H90 INTEREST EARNED ON F N M A #FM1155 2.500% 6/01/32 $1 PV ON 362.0400 SHARES DUE 12/25/2021 NOVEMBER FNMA DUE 12/25/21 - - 362.04 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 12/25/2021 12/27/2021 3140X7LS6 PAID DOWN PAR VALUE OF F N M A #FM3936 2.500% 8/01/35 NOVEMBER FNMA DUE 12/25/21 (3,406.88) - 3,406.88 (3,560.12) (153.24) - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3140X7LS6 AMORTIZED PREMIUM ON F N M A #FM3936 2.500% 8/01/35 CURRENT YEAR AMORTIZATION - - - (65.75) - - Page 92 of 102130 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 2017 Financing STAMP Portfolio Transaction Report by Account 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3140X7LS6 INTEREST EARNED ON F N M A #FM3936 2.500% 8/01/35 $1 PV ON 204.2300 SHARES DUE 12/25/2021 NOVEMBER FNMA DUE 12/25/21 - - 204.23 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3140X9VK8 AMORTIZED PREMIUM ON F N M A #FM6017 3.000% 2/01/35 CURRENT YEAR AMORTIZATION - - - (78.92) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 12/25/2021 12/27/2021 3140X9VK8 PAID DOWN PAR VALUE OF F N M A #FM6017 3.000% 2/01/35 NOVEMBER FNMA DUE 12/25/21 (2,144.19) - 2,144.19 (2,275.64) (131.45) - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 3140X9VK8 INTEREST EARNED ON F N M A #FM6017 3.000% 2/01/35 $1 PV ON 194.7000 SHARES DUE 12/25/2021 NOVEMBER FNMA DUE 12/25/21 - - 194.70 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 12/25/2021 12/27/2021 31418CDH4 PAID DOWN PAR VALUE OF F N M A #MA2803 2.500% 11/01/31 NOVEMBER FNMA DUE 12/25/21 (1,235.36) - 1,235.36 (1,286.93) (51.57) - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 31418CDH4 AMORTIZED PREMIUM ON F N M A #MA2803 2.500% 11/01/31 CURRENT YEAR AMORTIZATION - - - (29.15) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 31418CDH4 INTEREST EARNED ON F N M A #MA2803 2.500% 11/01/31 $1 PV ON 75.3100 SHARES DUE 12/25/2021 NOVEMBER FNMA DUE 12/25/21 - - 75.31 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 31418D7K2 INTEREST EARNED ON F N M A #MA4497 2.000% 11/01/36 $1 PV ON 683.3300 SHARES DUE 12/25/2021 NOVEMBER FNMA DUE 12/25/21 - - 683.33 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 31418D7K2 AMORTIZED PREMIUM ON F N M A #MA4497 2.000% 11/01/36 CURRENT YEAR AMORTIZATION - - - (147.63) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 12/25/2021 12/27/2021 31418D7K2 PAID DOWN PAR VALUE OF F N M A #MA4497 2.000% 11/01/36 NOVEMBER FNMA DUE 12/25/21 (2,913.85) - 2,913.85 (2,977.00) (63.15) - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 12/25/2021 12/27/2021 31418DSA1 PAID DOWN PAR VALUE OF F N M A #MA4112 3.000% 8/01/35 NOVEMBER FNMA DUE 12/25/21 (3,310.55) - 3,310.55 (3,460.16) - (149.61) 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 31418DSA1 AMORTIZED PREMIUM ON F N M A #MA4112 3.000% 8/01/35 CURRENT YEAR AMORTIZATION - - - (54.06) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 31418DSA1 INTEREST EARNED ON F N M A #MA4112 3.000% 8/01/35 $1 PV ON 185.7900 SHARES DUE 12/25/2021 NOVEMBER FNMA DUE 12/25/21 - - 185.79 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 12/25/2021 12/27/2021 31418DVU3 PAID DOWN PAR VALUE OF F N M A #MA4226 2.000% 12/01/30 NOVEMBER FNMA DUE 12/25/21 (5,644.83) - 5,644.83 (5,820.35) (175.52) - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 31418DVU3 AMORTIZED PREMIUM ON F N M A #MA4226 2.000% 12/01/30 CURRENT YEAR AMORTIZATION - - - (130.38) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 31418DVU3 INTEREST EARNED ON F N M A #MA4226 2.000% 12/01/30 $1 PV ON 336.1500 SHARES DUE 12/25/2021 NOVEMBER FNMA DUE 12/25/21 - - 336.15 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 12/27/2021 12/27/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 1,571.60 1.00 (1,571.60) 1,571.60 - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/27/2021 12/27/2021 12/27/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 86,744.58 1.00 (86,744.58) 86,744.58 - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/28/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 1,006.67 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/28/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (1,006.67) - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/29/2021 12/25/2021 12/29/2021 3140J8ME0 PAID DOWN PAR VALUE OF F N M A #BM3956 3.000% 12/01/32 12/25/21 P & I DUE (572.75) - 572.75 (603.92) (31.17) - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/29/2021 3140J8ME0 AMORTIZED PREMIUM ON F N M A #BM3956 3.000% 12/01/32 CURRENT YEAR AMORTIZATION - - - (24.98) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/29/2021 3140J8ME0 INTEREST EARNED ON F N M A #BM3956 3.000% 12/01/32 $1 PV ON 60.7500 SHARES DUE 12/25/2021 12/25/21 P & I DUE - - 60.75 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/29/2021 12/29/2021 12/29/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 634.30 1.00 (634.30) 634.30 - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/29/2021 31846V203 CASH RECEIPT SHORT-TERM CAPITAL GAIN DIV FIRST AM GOVT OB FD CL Y STCG PAYABLE 12/29/2021 - - 0.80 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/30/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (61.55) - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/30/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 61.55 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 CASH RECEIPT TRANSFER FROM INCOME INCOME EARNINGS - - 5,359.96 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 CASH DISBURSEMENT TRANSFER TO PRINCIPAL INCOME EARNINGS - - (5,359.96) - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 3128MMT52 AMORTIZED PREMIUM ON F H L M C GD G18571 2.500% 10/01/30 CURRENT YEAR AMORTIZATION - - - (84.38) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 3128MMUL5 AMORTIZED PREMIUM ON F H L M C GD G18586 2.500% 2/01/31 CURRENT YEAR AMORTIZATION - - - (7.35) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 31307NP40 AMORTIZED PREMIUM ON F H L M C GD J32243 3.000% 7/01/30 CURRENT YEAR AMORTIZATION - - - (54.29) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 3132A8GL7 AMORTIZED PREMIUM ON F H L M C #ZS7403 3.000% 5/01/31 CURRENT YEAR AMORTIZATION - - - (15.50) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 3132AEF68 AMORTIZED PREMIUM ON F H L M C #ZT1989 3.500% 1/01/33 CURRENT YEAR AMORTIZATION - - - (13.92) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 3132AEFC5 AMORTIZED PREMIUM ON F H L M C #ZT1963 3.500% 11/01/30 CURRENT YEAR AMORTIZATION - - - (24.58) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 3133Q5GZ3 AMORTIZED PREMIUM ON F H L M C GTD REMIC 1.000% 9/25/33 CURRENT YEAR AMORTIZATION - - - (3.81) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 3134GW6E1 AMORTIZED PREMIUM ON F H L M C M T N 0.320% 11/02/23 CURRENT YEAR AMORTIZATION - - - (25.56) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 3136A72D3 AMORTIZED PREMIUM ON F N M A GTD REMIC 2.482% 4/25/22 CURRENT YEAR AMORTIZATION - - - (0.11) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 3136A7D25 AMORTIZED PREMIUM ON F N M A GTD REMIC 3.000% 7/25/41 CURRENT YEAR AMORTIZATION - - - (0.77) - - Page 93 of 102131 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 2017 Financing STAMP Portfolio Transaction Report by Account 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 3136A8SX9 AMORTIZED PREMIUM ON F N M A GTD REMIC 1.500% 9/25/27 CURRENT YEAR AMORTIZATION - - - (1.67) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 3136ABNZ2 AMORTIZED PREMIUM ON F N M A GTD REMIC 2.000% 11/25/42 CURRENT YEAR AMORTIZATION - - - (1.13) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 3136ADZA0 AMORTIZED PREMIUM ON F N M A GTD REMIC 1.250% 4/25/28 CURRENT YEAR AMORTIZATION - - - (2.56) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 3136AEY84 AMORTIZED PREMIUM ON F N M A GTD REMIC 1.750% 7/25/28 CURRENT YEAR AMORTIZATION - - - (1.88) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 3136AQZK9 AMORTIZED PREMIUM ON F N M A GTD REMIC 2.000% 11/25/31 CURRENT YEAR AMORTIZATION - - - (7.93) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 3137AQQE1 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 1.500% 5/15/27 CURRENT YEAR AMORTIZATION - - - (8.76) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 3137AWWM3 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 1.250% 12/15/27 CURRENT YEAR AMORTIZATION - - - (3.07) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 3137AYCE9 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.682% 10/25/22 CURRENT YEAR AMORTIZATION - - - (12.94) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 3137AYSH5 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 1.750% 12/15/42 CURRENT YEAR AMORTIZATION - - - (17.70) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 3137B2Z78 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 1.400% 7/15/23 CURRENT YEAR AMORTIZATION - - - (2.53) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 3137B6DF5 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.000% 11/15/26 CURRENT YEAR AMORTIZATION - - - (17.67) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 3137B7YY9 AMORTIZED PREMIUM ON F H L M C MLTCL MT 3.48996% 1/25/24 CURRENT YEAR AMORTIZATION - - - (109.54) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 3137B9RN7 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.500% 12/15/27 CURRENT YEAR AMORTIZATION - - - (14.78) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 3137BDCW4 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 3.303% 7/25/24 CURRENT YEAR AMORTIZATION - - - (84.20) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 3137BFE80 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.720% 8/25/24 CURRENT YEAR AMORTIZATION - - - (13.79) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 3137BJQ71 AMORTIZED PREMIUM ON F H L M C MLTCL MT 2.76996% 5/25/25 CURRENT YEAR AMORTIZATION - - - (54.46) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 3137BLW87 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.802% 1/25/25 CURRENT YEAR AMORTIZATION - - - (42.60) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 3137BQBY2 AMORTIZED PREMIUM ON F H L M C MLTCL MT 2.18304% 5/25/22 CURRENT YEAR AMORTIZATION - - - (0.76) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 3137EADB2 AMORTIZED PREMIUM ON F H L M C M T N 2.375% 1/13/22 CURRENT YEAR AMORTIZATION - - - (1,335.25) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 3138EJPZ5 AMORTIZED PREMIUM ON F N M A #AL2239 3.370% 7/01/22 CURRENT YEAR AMORTIZATION - - - (0.15) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 3138EQRJ3 AMORTIZED PREMIUM ON F N M A #AL7688 3.500% 11/01/30 CURRENT YEAR AMORTIZATION - - - (56.14) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 3138ETQP4 AMORTIZED PREMIUM ON F N M A #AL8561 3.500% 6/01/31 CURRENT YEAR AMORTIZATION - - - (11.85) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 3138WEMJ5 AMORTIZED PREMIUM ON F N M A #AS4860 2.500% 5/01/30 CURRENT YEAR AMORTIZATION - - - (37.83) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 31392J6N4 AMORTIZED PREMIUM ON F N M A GTD REMIC 5.500% 4/25/23 CURRENT YEAR AMORTIZATION - - - (5.30) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 3140J8ME0 AMORTIZED PREMIUM ON F N M A #BM3956 3.000% 12/01/32 CURRENT YEAR AMORTIZATION - - - (5.69) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 3140X4H90 AMORTIZED PREMIUM ON F N M A #FM1155 2.500% 6/01/32 CURRENT YEAR AMORTIZATION - - - (32.09) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 3140X7LS6 AMORTIZED PREMIUM ON F N M A #FM3936 2.500% 8/01/35 CURRENT YEAR AMORTIZATION - - - (14.81) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 3140X9VK8 AMORTIZED PREMIUM ON F N M A #FM6017 3.000% 2/01/35 CURRENT YEAR AMORTIZATION - - - (17.91) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 31418CDH4 AMORTIZED PREMIUM ON F N M A #MA2803 2.500% 11/01/31 CURRENT YEAR AMORTIZATION - - - (6.57) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 31418D7K2 AMORTIZED PREMIUM ON F N M A #MA4497 2.000% 11/01/36 CURRENT YEAR AMORTIZATION - - - (27.00) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 31418DSA1 AMORTIZED PREMIUM ON F N M A #MA4112 3.000% 8/01/35 CURRENT YEAR AMORTIZATION - - - (12.05) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 31418DVU3 AMORTIZED PREMIUM ON F N M A #MA4226 2.000% 12/01/30 CURRENT YEAR AMORTIZATION - - - (29.57) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 12/31/2021 12/31/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (83,558.23) 1.00 83,558.23 (83,558.23) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 12/31/2021 12/31/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (144,709.70) 1.00 144,709.70 (144,709.70) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 36176XQB8 AMORTIZED PREMIUM ON G N M A #779250 3.000% 5/15/27 CURRENT YEAR AMORTIZATION - - - (87.45) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 36179NAJ7 AMORTIZED PREMIUM ON G N M A I I #MA0909 3.000% 4/20/28 CURRENT YEAR AMORTIZATION - - - (4.05) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 36179NHK7 AMORTIZED PREMIUM ON G N M A I I #MA1134 3.000% 7/20/28 CURRENT YEAR AMORTIZATION - - - (20.58) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 36179NKP2 AMORTIZED PREMIUM ON G N M A II #MA1202 2.500% 8/20/28 CURRENT YEAR AMORTIZATION - - - (7.49) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 36202F2H8 AMORTIZED PREMIUM ON G N M A I I #005276 3.000% 1/20/27 CURRENT YEAR AMORTIZATION - - - (2.50) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 36202F3H7 AMORTIZED PREMIUM ON G N M A I I #005300 3.000% 2/20/27 CURRENT YEAR AMORTIZATION - - - (6.56) - - Page 94 of 102132 Source Account Account Transaction Date Trade Date Settlement Date CUSIP Description Units Price Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Quarter ended December 31, 2021 2017 Financing STAMP Portfolio Transaction Report by Account 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 38375XCM4 AMORTIZED PREMIUM ON G N M A GTD REMIC 5.000% 11/16/37 CURRENT YEAR AMORTIZATION - - - (0.31) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 38376T5Z1 AMORTIZED PREMIUM ON G N M A GTD REMIC 3.000% 1/16/39 CURRENT YEAR AMORTIZATION - - - (8.67) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 38376V2E6 AMORTIZED PREMIUM ON G N M A GTD REMIC 4.000% 7/16/39 CURRENT YEAR AMORTIZATION - - - (2.67) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 38377LFC7 AMORTIZED PREMIUM ON G N M A GTD REMIC 2.500% 12/20/39 CURRENT YEAR AMORTIZATION - - - (0.25) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 38377QKH9 AMORTIZED PREMIUM ON G N M A GTD REMIC 3.000% 8/20/40 CURRENT YEAR AMORTIZATION - - - (0.39) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 38378HAU0 AMORTIZED PREMIUM ON G N M A GTD REMIC 1.500% 8/20/27 CURRENT YEAR AMORTIZATION - - - (6.41) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 912828H86 AMORTIZED PREMIUM ON U S TREASURY NT 1.500% 1/31/22 CURRENT YEAR AMORTIZATION - - - (7,461.99) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 912828J43 AMORTIZED PREMIUM ON U S TREASURY NT 1.750% 2/28/22 CURRENT YEAR AMORTIZATION - - - (7,705.52) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 912828L57 AMORTIZED PREMIUM ON U S TREASURY NT 1.750% 9/30/22 CURRENT YEAR AMORTIZATION - - - (584.68) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 912828YK0 AMORTIZED PREMIUM ON U S TREASURY NT 1.375% 10/15/22 CURRENT YEAR AMORTIZATION - - - (1,034.27) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 912828YY0 AMORTIZED PREMIUM ON U S TREASURY NT 1.750% 12/31/24 CURRENT YEAR AMORTIZATION - - - (3,413.10) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 912828YY0 INTEREST EARNED ON U S TREASURY NT 1.750% 12/31/24 $1 PV ON 615000.0000 SHARES DUE 12/31/2021 - - 5,381.25 - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 912828ZD5 AMORTIZED PREMIUM ON U S TREASURY NT 0.500% 3/15/23 CURRENT YEAR AMORTIZATION - - - (832.20) - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 12/30/2021 12/31/2021 91282CCQ2 PURCHASED PAR VALUE OF U S TREASURY NT 0.00001% 7/31/23 /DEUTSCHE BANK SECURITIES, INC./150,000 PAR VALUE AT 100.04644 % 150,000.00 1.00 (150,069.66) 150,069.66 - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 12/31/2021 91282CCQ2 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 0.00001% 7/31/23 - - (28.98) - - - 240907020 RCTC 2017 TIFIA RAMP UP FD 12/31/2021 91282CCQ2 AMORTIZED PREMIUM ON U S TREASURY NT 0.00001% 7/31/23 CURRENT YEAR AMORTIZATION - - - (2.11) - - 83,550.54 (85,062.92) (12,556.65) 4,980.12 Page 95 of 102133 Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM CUSIP Asset Category Name Asset Name 1 Asset Name 2 Maturity Date Issue Date Shares/Par Book Value Call Date Market Value Unrealized Gain/Loss Coupon Yield S&P Rating Moody Rating CASH Principal Cash 0.00 - (5,309,468.77)- 0.000 CASH Income Cash 0.00 - 5,309,468.77 - 0.000 002824BB5 CORPORATE OBLIGATIONS ABBOTT LABORATORIES 2.950 03/15/2025 03/15/2025 03/10/2015 500,000.00 525,228.92 12/15/2024 524,970.00 (258.92)2.950 2.855 A+A2 010831DQ5 MUNICIPAL OBLIGATIONS ALAMEDA CNTY CA JT PWRS AUTH LEASE REVENUE REF 06/01/2023 04/24/2018 130,000.00 132,508.11 134,267.90 1,759.79 3.095 3.015 AA+AA1 023135AJ5 CORPORATE OBLIGATIONS AMAZON COM INC 2.500 11/29/2022 11/29/2022 11/29/2012 300,000.00 305,044.49 8/29/2022 304,482.00 (562.49)2.500 2.474 AA A1 023135BP0 CORPORATE OBLIGATIONS AMAZON COM INC SR NT 0.400 06/03/2023 06/03/2023 06/03/2020 270,000.00 269,622.00 268,992.90 (629.10)0.400 0.404 AA A1 023135BW5 CORPORATE OBLIGATIONS AMAZON COM INC 0.450 05/12/2024 05/12/2024 05/12/2021 255,000.00 254,627.70 252,475.50 (2,152.20)0.450 0.460 AA A1 037833DL1 CORPORATE OBLIGATIONS APPLE INC 1.700 09/11/2022 09/11/2022 09/11/2019 525,000.00 524,910.75 530,286.75 5,376.00 1.700 1.688 AA+AAA 037833DV9 CORPORATE OBLIGATIONS APPLE INC 0.750 05/11/2023 05/11/2023 05/11/2020 195,000.00 194,469.60 195,532.35 1,062.75 0.750 0.752 AA+AAA 05588CAC6 CORPORATE OBLIGATIONS BMW VEHICLE OWNER TRUST A B S SER 2019 A CL A3 01/25/2024 09/18/2019 136,022.75 136,004.47 136,800.80 796.33 1.920 1.911 AAA N/A 06050TMJ8 CORPORATE OBLIGATIONS BANK OF AMERICA NA MEDIUM TERM NOTE 01/25/2023 01/25/2019 520,000.00 520,000.00 1/25/2022 520,764.40 764.40 3.335 3.335 A+WR 06051GJR1 CORPORATE OBLIGATIONS BK OF AMERICA CORP FR MEDIUM TERM NOTE 04/22/2025 04/22/2021 235,000.00 235,000.00 4/22/2024 233,115.30 (1,884.70)0.976 0.996 A-A2 06406RAK3 CORPORATE OBLIGATIONS BANK OF NY MELLON CORP MEDIUM TERM NOTE 08/23/2022 08/23/2019 100,000.00 99,968.00 100,975.00 1,007.00 1.950 1.935 A A1 06406RAM9 CORPORATE OBLIGATIONS BANK OF NY MELLON CORP MEDIUM TERM NOTE 01/27/2023 01/28/2020 300,000.00 299,790.00 1/2/2023 304,134.00 4,344.00 1.850 1.834 A A1 06406RAY3 CORPORATE OBLIGATIONS BANK OF NY MELLON CORP MEDIUM TERM NOTE 10/25/2024 10/25/2021 500,000.00 500,000.00 9/25/2024 498,300.00 (1,700.00)VAR 0.231 A A1 072024WN8 MUNICIPAL OBLIGATIONS BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE REF SAN FRANCISCO BAY AREA 04/01/2023 09/26/2019 680,000.00 680,000.00 692,899.60 12,899.60 2.184 2.155 AA AA3 088006JW2 MUNICIPAL OBLIGATIONS BEVERLY HILLS CALIF PUB FING AUTH LEASE AUTH REV TAXABLE REF BDS CA 06/01/2022 10/15/2020 330,000.00 330,000.00 330,089.10 89.10 0.373 0.373 AA+N/A 13032UUZ9 MUNICIPAL OBLIGATIONS CALIFORNIA ST HLTH FACS FING AUTH REVENUE TXBL SENIOR NO PLACE LIKE 06/01/2022 11/25/2019 520,000.00 520,000.00 523,296.80 3,296.80 1.893 1.884 AA-AA3 13063BFS6 MUNICIPAL OBLIGATIONS CALIFORNIA ST BUILD AMERICA BONDS 6.650 03/01/2022 TAXABLE SKG FD 03/01/2022 04/01/2010 210,000.00 205,120.83 212,142.00 2,142.00 6.650 6.616 AA-AA2 13066YTZ2 MUNICIPAL OBLIGATIONS CALIFORNIA ST DEPT OF WTR RESOURCES PWR SPLY REVENUE TXBL REF SER P 05/01/2022 09/28/2016 300,000.00 300,163.01 301,578.00 1,414.99 2.000 1.993 AA+N/R 13077DMJ8 MUNICIPAL OBLIGATIONS CALIFORNIA ST UNIV REV TAXABLE SYSTEMWIDE BDS 2020 D 11/01/2023 09/17/2020 150,000.00 150,000.00 149,227.50 (772.50)0.475 0.481 AA-AA2 14043MAC5 CORPORATE OBLIGATIONS CAPTIAL ONE PRIME AUTO A B S SER 2020 1 CL A3 11/15/2024 02/19/2020 242,273.02 242,221.52 243,954.39 1,732.87 1.600 1.593 AAA N/A 144141DC9 CORPORATE OBLIGATIONS PROGRESS ENERGY CAROLINA 2.800 05/15/2022 05/15/2022 05/18/2012 250,000.00 250,387.47 2/15/2022 250,667.50 280.03 2.800 2.795 A AA3 166756AJ5 CORPORATE OBLIGATIONS CHEVRON USA INC 0.426 08/11/2023 08/11/2023 08/12/2020 115,000.00 115,000.00 114,477.90 (522.10)0.426 0.431 AA-AA2 166764AU4 CORPORATE OBLIGATIONS CHEVRON CORP 03/03/2022 VAR 03/03/2022 03/03/2015 500,000.00 500,218.08 500,320.00 101.92 VAR 0.649 AA-AA2 20772KGM5 MUNICIPAL OBLIGATIONS CONNECTICUT ST SER A 2.921 04/15/2023 TAXABLE 04/15/2023 04/11/2019 300,000.00 300,584.36 308,118.00 7,533.64 2.921 2.855 A+AA3 20772KJU4 MUNICIPAL OBLIGATIONS CONNECTICUT ST TAXABLE GO BDS 2020 A 2.500 07/01/2022 TAXABLE 07/01/2022 06/11/2020 120,000.00 120,497.52 121,195.20 697.68 2.500 2.480 A+AA3 212204JC6 MUNICIPAL OBLIGATIONS CONTRA COSTA CA CMNTY CLG DIST TXBL REF 08/01/2022 09/12/2019 300,000.00 300,000.00 302,346.00 2,346.00 1.652 1.643 AA+AA1 21969AAC6 MUNICIPAL OBLIGATIONS CORONA CA PENSION OBLIG TAXABLE BDS 2021 05/01/2024 10/14/2021 190,000.00 190,000.00 188,120.90 (1,879.10)0.710 0.724 AA+N/A 250847EJ5 CORPORATE OBLIGATIONS DETROIT EDISON COMPANY 2.650 06/15/2022 06/15/2022 06/22/2012 180,000.00 180,473.58 180,788.40 314.82 2.650 2.647 A AA3 26208VAD8 CORPORATE OBLIGATIONS DRIVE AUTO RECEIVABLES TRUST A B S SER 2020 2 CL A3 05/15/2024 06/17/2020 7,348.04 7,347.76 7,349.73 1.97 0.830 0.830 AAA AAA 262108AD5 CORPORATE OBLIGATIONS DRIVE AUTO RECEIVABLES TRUST A B S SER 2021 1 CL B 07/15/2025 04/21/2021 250,000.00 249,976.95 249,617.50 (359.45)0.650 0.651 AA AAA 30231GBB7 CORPORATE OBLIGATIONS EXXON MOBIL CORPORATION 1.902 08/16/2022 08/16/2022 08/16/2019 300,000.00 300,000.00 302,628.00 2,628.00 1.902 1.889 AA-AA2 3130AKXQ4 US TREAS & AGENCY OBLIGATIONS FEDERAL HOME LOAN BKS 0.600 02/12/2026 02/12/2026 02/12/2021 560,000.00 559,608.00 547,915.20 (11,692.80)0.600 0.621 AA+WR 3134GXDZ4 US TREAS & AGENCY OBLIGATIONS F H L M C M T N 0.450 11/25/2024 11/25/2024 11/25/2020 300,000.00 300,000.00 11/25/2022 295,332.00 (4,668.00)0.450 0.462 N/A AAA 3136AKQM8 US TREAS & AGENCY OBLIGATIONS F N M A GTD R E M I C PASS THRU C M O SER 2014 M8 CL A2 06/25/2024 07/01/2014 388,212.13 406,268.39 401,838.38 (4,430.01)3.056 2.979 N/A N/A 3137ATRW4 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K020 CL A2 05/25/2022 09/01/2012 176,526.74 176,662.67 177,119.87 457.20 2.373 2.369 N/A N/A 3137B1U75 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K S01 CL A2 01/25/2023 05/07/2013 126,757.89 126,944.93 127,906.32 961.39 2.522 3.202 N/A N/A 3137B36J2 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K029 CL A2 02/25/2023 07/01/2013 466,462.22 473,355.94 478,063.14 4,707.20 3.320 3.244 N/A N/A 3137B4GY6 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K032 CL A2 05/25/2023 09/01/2013 510,000.00 530,155.45 526,177.20 (3,978.25)VAR 3.227 N/A N/A 3137B4WB8 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER K033 CL A2 07/25/2023 10/01/2013 490,000.00 501,165.48 504,621.60 3,456.12 3.060 2.988 N/A AAA 3137FYUR5 US TREAS & AGENCY OBLIGATIONS F H L M C MULTICLASS MTG PARTN C M O SER Q 015 CL A 08/26/2024 05/07/2021 188,002.72 188,002.72 188,106.12 103.40 VAR 0.258 N/A N/A 31846V203 CASH EQUIVALENTS FIRST AMERICAN GOVERNMENT OBLIG FD CL Y 146,437.32 146,437.32 146,437.32 - 0.006 378460YB9 MUNICIPAL OBLIGATIONS GLENDALE CA UNI SCH DIST TAXABLE GO REF BDS 2020 09/01/2022 06/02/2020 330,000.00 330,000.00 331,636.80 1,636.80 1.041 1.039 N/A AA1 38122NA77 MUNICIPAL OBLIGATIONS GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV TAXABLE CA 06/01/2025 10/07/2021 270,000.00 270,000.00 268,679.70 (1,320.30)1.400 1.423 A+AA3 419792YL4 MUNICIPAL OBLIGATIONS HAWAII ST SER FX 2.770 01/01/2022 TAXABLE 01/01/2022 02/21/2019 190,000.00 190,000.00 190,000.00 -2.770 2.770 N/R N/R 43815GAC3 CORPORATE OBLIGATIONS HONDA AUTO REC OWNR TR 2021 4 A B S SER 2021 4 CL A3 01/21/2026 11/24/2021 250,000.00 249,947.30 249,392.50 (554.80)VAR 0.889 N/A AAA 43815NAC8 CORPORATE OBLIGATIONS HONDA AUTO RECEIVABLES A B S SER 2019 3 CL A3 08/15/2023 08/27/2019 131,070.19 131,069.11 131,818.60 749.49 1.780 1.771 AAA AAA 440452AG5 CORPORATE OBLIGATIONS HORMEL FOODS CORP 0.650 06/03/2024 06/03/2024 06/03/2021 50,000.00 49,991.00 6/3/2022 49,611.00 (380.00)0.650 0.664 A A1 46647PBZ8 CORPORATE OBLIGATIONS JPMORGAN CHASE CO 0.697 03/16/2024 03/16/2024 03/16/2021 565,000.00 565,000.00 3/16/2023 563,621.40 (1,378.60)0.697 0.702 A-A2 46647PCS3 CORPORATE OBLIGATIONS JPMORGAN CHASE CO 12/10/2025 VAR 12/10/2025 12/10/2021 270,000.00 270,000.00 12/10/2024 270,170.10 170.10 VAR 0.000 A-A2 47789JAD8 CORPORATE OBLIGATIONS JOHN DEERE OWNER TRUST C M O SER 2019 A CL A3 07/17/2023 03/13/2019 50,654.51 50,648.28 50,931.08 282.80 2.910 2.897 N/A AAA 47789KAC7 CORPORATE OBLIGATIONS JOHN DEERE OWNER TRUST A B S SER 2020 A CL A3 08/15/2024 03/11/2020 374,119.60 374,096.75 375,440.24 1,343.49 1.100 1.098 N/A AAA 544290JH3 MUNICIPAL OBLIGATIONS LOS ALTOS CA SCH DIST TAXABLE GO RENEWAL BANS 2021 10/01/2024 06/10/2021 480,000.00 485,886.45 479,227.20 (6,659.25)1.000 1.013 AA+N/A 5445872S6 MUNICIPAL OBLIGATIONS LOS ANGELES CA MUN IMPT CORP LEASE REV TAXABLE REF BDS 2021A 11/01/2024 03/04/2021 230,000.00 230,000.00 227,352.70 (2,647.30)0.683 0.699 AA-N/A 544587Y28 MUNICIPAL OBLIGATIONS LOS ANGELES CA MUN IMPT CORP LEASE REV REF BDS 2020 C 11/01/2022 08/20/2020 325,000.00 325,000.00 325,039.00 39.00 0.515 0.516 AA-N/A 57582RF76 MUNICIPAL OBLIGATIONS MASSACHUSETTS ST TAXABLE GO REF BDS 2020 C 07/01/2022 07/09/2020 210,000.00 210,000.00 210,016.80 16.80 0.386 0.386 AA AA1 58770FAC6 CORPORATE OBLIGATIONS MERCEDES BENZ AUTO LEASE A B S SER 2020 A CL A3 12/15/2022 01/29/2020 62,448.65 62,440.42 62,614.76 174.34 1.840 1.835 AAA AAA 61747YEA9 CORPORATE OBLIGATIONS MORGAN STANLEY 0.790 05/30/2025 05/30/2025 06/01/2021 515,000.00 511,412.50 508,268.95 (3,143.55)0.790 0.811 BBB+A1 61772BAA1 CORPORATE OBLIGATIONS MORGAN STANLEY 0.731 04/05/2024 04/05/2024 04/22/2021 235,000.00 235,000.00 3/5/2024 234,271.50 (728.50)0.731 0.737 BBB+A1 62451FKF6 MUNICIPAL OBLIGATIONS MOUNTAIN VIEW WHISMAN CA SC TAXABLE ELECTION OF 2020 A 1 09/01/2022 05/19/2020 250,000.00 250,000.00 251,130.00 1,130.00 1.043 1.041 AA+AAA 64990FD43 MUNICIPAL OBLIGATIONS NEW YORK ST DORM AUTH ST PERS INCOME TAX REV TAXABLE GEN PURP 03/15/2025 06/23/2021 400,000.00 400,000.00 394,472.00 (5,528.00)0.887 0.908 AA+N/A 654106AH6 CORPORATE OBLIGATIONS NIKE INC SR NT 2.400 03/27/2025 03/27/2025 03/27/2020 20,000.00 19,972.80 2/27/2025 20,705.40 732.60 2.400 2.349 AA-A1 693304AP2 CORPORATE OBLIGATIONS PECO ENERGY CO 2.375 09/15/2022 09/15/2022 09/17/2012 120,000.00 120,217.31 6/15/2022 121,022.40 805.09 2.375 2.360 A AA3 69351UAY9 CORPORATE OBLIGATIONS PPL ELEC UTILS CORP 1ST MTG 06/24/2024 VAR 06/24/2024 06/24/2021 200,000.00 200,000.00 6/24/2022 199,514.00 (486.00)VAR 0.381 A A1 69371RR40 CORPORATE OBLIGATIONS PACCAR FINANCIAL MEDIUM TERM NOTE 08/09/2024 08/09/2021 125,000.00 124,932.50 122,825.00 (2,107.50)0.500 0.513 A+A1 69371RR57 CORPORATE OBLIGATIONS PACCAR FINANCIAL CORP MEDIUM TERM NOTE 11/08/2024 11/08/2021 555,000.00 554,966.70 551,509.05 (3,457.65)0.900 0.917 A+A1 76913CAX7 MUNICIPAL OBLIGATIONS RIVERSIDE CNTY CALIF PENSION O BDS 2020 CA 02/15/2023 05/06/2020 170,000.00 170,000.00 172,589.10 2,589.10 2.363 2.334 AA A2 76913DFV4 MUNICIPAL OBLIGATIONS RIVERSIDE CNTY CALIF INFRASTRUCTURE FING AUTH LEASE REV TAXABLE REF CA 11/01/2024 10/19/2021 230,000.00 230,000.00 227,614.90 (2,385.10)0.873 0.892 AA-N/A 786134WD4 MUNICIPAL OBLIGATIONS SACRAMENTO CNTY CALIF SANTN DI TAXABLE BDS BDS 2020B CA 12/01/2022 07/14/2020 280,000.00 280,000.00 279,924.40 (75.60)0.629 0.630 AA AA2 79466LAG9 CORPORATE OBLIGATIONS SALESFORCE COM INC 0.625 07/15/2024 07/15/2024 07/12/2021 135,000.00 134,931.15 7/15/2022 133,743.15 (1,188.00)0.625 0.638 A+A2 796720ME7 MUNICIPAL OBLIGATIONS SAN BERNARDINO CA CMNTY CLG DIST ELECTION OF 2018 SER A 1 08/01/2022 12/12/2019 435,000.00 435,000.00 438,880.20 3,880.20 1.883 1.871 AA AA1 Payden & Rygel Operating Portfolio by Investment Category for Quarter ended December 31, 2021 ATTACHMENT 8 134 Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM CUSIP Asset Category Name Asset Name 1 Asset Name 2 Maturity Date Issue Date Shares/Par Book Value Call Date Market Value Unrealized Gain/Loss Coupon Yield S&P Rating Moody Rating Payden & Rygel Operating Portfolio by Investment Category for Quarter ended December 31, 2021 796720NP1 MUNICIPAL OBLIGATIONS SAN BERNARDINO CALIF CMNTY COL TAXABLE GO REF BDS 2020 CA 08/01/2023 07/07/2020 150,000.00 150,000.00 150,054.00 54.00 0.729 0.733 AA AA1 79730WAY6 MUNICIPAL OBLIGATIONS SAN DIEGO CALIF REDEV AGY SUCC REF BDS B CA 09/01/2022 01/28/2016 250,000.00 251,313.69 254,620.00 3,306.31 3.250 3.204 AA N/A 79770GGP5 MUNICIPAL OBLIGATIONS SAN FRANCISCO CITY CNTY CA REDEV AGY SUCCESSOR AGY TAX REF SUB REDEV 08/01/2022 11/30/2017 400,000.00 401,604.74 404,556.00 2,951.26 2.375 2.355 AA-N/A 80285WAD9 CORPORATE OBLIGATIONS SANTANDER DRIVE AUTO TR A B S SER 2020 3 CL A 3 07/15/2024 09/23/2020 111,028.84 111,018.22 111,048.83 30.61 VAR 0.000 N/A AAA 835569GP3 MUNICIPAL OBLIGATIONS SONOMA CNTY CA JNR CLG DIST REF 1.969 08/01/2022 TAXABLE 08/01/2022 11/12/2019 420,000.00 420,000.00 423,927.00 3,927.00 1.969 1.956 AA AA2 842475P58 MUNICIPAL OBLIGATIONS SOUTHERN CALIF PUB PWR AUTH PWR PROJ REV TAXABLE REF BDS 2020 B CA 07/01/2023 09/24/2020 370,000.00 370,000.00 368,801.20 (1,198.80)0.527 0.531 AA-N/A 84859DAB3 CORPORATE OBLIGATIONS SPIRE MISSOURI INC 12/02/2024 VAR 12/02/2024 12/07/2021 595,000.00 595,000.00 6/2/2022 595,071.40 71.40 VAR 0.000 A A1 86787EAY3 CORPORATE OBLIGATIONS SUNTRUST BANK 3.689 08/02/2024 08/02/2024 07/26/2018 560,000.00 588,915.93 8/2/2023 584,007.20 (4,908.73)3.689 3.574 A A2 89238UAD2 CORPORATE OBLIGATIONS TOYOTA AUTO RECEIVABLES OWNER A B S SER 2019 C CL A3 09/15/2023 08/14/2019 117,281.99 117,281.03 117,895.37 614.34 1.910 1.900 AAA AAA 91159HHG8 CORPORATE OBLIGATIONS US BANCORP MEDIUM TERM NOTE 01/30/2024 01/30/2014 550,000.00 580,372.86 12/29/2023 580,635.00 262.14 3.700 3.541 A+A2 91282CBA8 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 0.125 12/15/2023 12/15/2023 12/15/2020 5,640,000.00 5,625,957.93 5,575,252.80 (49,248.57)0.125 0.127 N/A AAA 91282CBE0 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 0.125 01/15/2024 01/15/2024 01/15/2021 4,775,000.00 4,767,073.54 4,714,739.50 (52,426.52)0.125 0.128 N/A AAA 91282CBG5 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 0.125 01/31/2023 01/31/2023 01/31/2021 6,190,000.00 6,190,749.03 6,168,706.40 (22,091.13)0.125 0.126 N/A AAA 91282CBU4 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 0.125 03/31/2023 03/31/2023 03/31/2021 4,150,000.00 4,147,956.65 4,130,868.50 (17,088.15)0.125 0.126 N/A AAA 91282CCC3 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 0.250 05/15/2024 05/15/2024 05/15/2021 980,000.00 978,698.44 966,642.60 (12,055.84)0.250 0.256 N/A AAA 91282CCG4 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 0.250 06/15/2024 06/15/2024 06/15/2021 280,000.00 278,359.38 275,875.60 (2,483.78)0.250 0.256 N/A AAA 91282CCL3 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 0.375 07/15/2024 07/15/2024 07/15/2021 4,345,000.00 4,345,325.09 4,291,382.70 (53,942.39)0.375 0.383 N/A AAA 91282CCU3 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 0.125 08/31/2023 08/31/2023 08/31/2021 560,000.00 558,578.13 555,077.60 (3,500.53)0.125 0.127 N/A N/A 91282CCX7 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 0.375 09/15/2024 09/15/2024 09/15/2021 985,000.00 980,178.38 971,072.10 (8,913.83)0.375 0.384 N/A AAA 91282CDB4 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 0.625 10/15/2024 10/15/2024 10/15/2021 1,115,000.00 1,110,949.41 1,105,946.20 (5,003.21)0.625 0.637 N/A AAA 91282CDH1 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 0.750 11/15/2024 11/15/2024 11/15/2021 1,170,000.00 1,168,903.13 1,163,424.60 (5,478.53)0.750 0.763 N/A AAA 91282CDN8 US TREAS & AGENCY OBLIGATIONS U S TREASURY NOTE 1.000 12/15/2024 12/15/2024 12/15/2021 610,000.00 610,856.99 610,664.90 (192.09)1.000 1.011 N/A AAA 91324PDM1 CORPORATE OBLIGATIONS UNITEDHEALTH GROUP INC 3.500 02/15/2024 02/15/2024 12/17/2018 550,000.00 584,342.67 579,606.50 (4,736.17)3.500 3.357 A+A3 91412HDJ9 MUNICIPAL OBLIGATIONS UNIV OF CALIFORNIA CA REVENUES TXBL REF LIMITED PROJ SER P 05/15/2022 06/05/2018 285,000.00 285,101.90 288,137.85 3,035.95 3.283 3.257 AA-AA3 916544ER6 MUNICIPAL OBLIGATIONS UPPER SANTA CLARA VY JT PWRS A TAXABLE BDS 2020 B CA 08/01/2022 07/23/2020 330,000.00 330,000.00 330,409.20 409.20 0.525 0.525 AA N/A 92868KAC7 CORPORATE OBLIGATIONS VOLKSWAHEN AUTO LN TR 2021 1 A B S SER 2021 1 CL A3 06/22/2026 12/13/2021 300,000.00 299,988.24 299,979.00 (9.24)1.020 1.028 AAA AAA 55,656,803.67 55,437,854.55 (222,320.26) 135 Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM Transaction Date Trade Date Settlement Date CUSIP Description Units Price Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount 07/01/2021 20772KJU4 INTEREST EARNED ON CONNECTICUT ST 2.500% 7/01/22 $1 PV ON 120000.0000 SHARES DUE 7/1/2021 - - 1,500.00 - - - 07/01/2021 20772KJU4 AMORTIZED PREMIUM ON CONNECTICUT ST 2.500% 7/01/22 CURRENT YEAR AMORTIZATION - - - (489.28)- - 07/01/2021 07/01/2021 07/01/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (272,878.23)1.00 272,878.23 (272,878.23)- - 07/01/2021 31846V203 INTEREST EARNED ON FIRST AM GOVT OB FD CL Y UNIT ON 0.0000 SHARES DUE 6/30/2021 INTEREST FROM 6/1/21 TO 6/30/21 - - 2.61 - - - 07/01/2021 419792YL4 INTEREST EARNED ON HAWAII ST SER FX 2.770% 1/01/22 $1 PV ON 190000.0000 SHARES DUE 7/1/2021 - - 2,631.50 - - - 07/01/2021 57582RF76 INTEREST EARNED ON MASSACHUSETTS ST 0.386% 7/01/22 $1 PV ON 210000.0000 SHARES DUE 7/1/2021 - - 405.30 - - - 07/01/2021 842475P58 INTEREST EARNED ON SOUTHERN CALIF CA 0.527% 7/01/23 $1 PV ON 370000.0000 SHARES DUE 7/1/2021 - - 974.95 - - - 07/01/2021 06/30/2021 07/01/2021 91282CCG4 PURCHASED PAR VALUE OF U S TREASURY NT 0.250% 6/15/24 /MORGAN STANLEY & CO. LLC/280,000 PAR VALUE AT 99.41406429 %280,000.00 0.99 (278,359.38)278,359.38 - - 07/01/2021 07/01/2021 91282CCG4 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 0.250% 6/15/24 - - (30.60)- - - 07/02/2021 07/02/2021 07/02/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 2.61 1.00 (2.61)2.61 - - 07/09/2021 07/09/2021 07/09/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 5,362.50 1.00 (5,362.50)5,362.50 - - 07/09/2021 90331HPF4 INTEREST EARNED ON US BANK NA MTN 1.950% 1/09/23 $1 PV ON 550000.0000 SHARES DUE 7/9/2021 - - 5,362.50 - - - 07/12/2021 07/12/2021 07/12/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (134,931.15)1.00 134,931.15 (134,931.15)- - 07/12/2021 06/29/2021 07/12/2021 79466LAG9 PURCHASED PAR VALUE OF SALESFORCE COM INC 0.625% 7/15/24 /CITIGROUP GLOBAL MARKETS INC./135,000 PAR VALUE AT 99.949 %135,000.00 1.00 (134,931.15)134,931.15 - - 07/15/2021 14043MAC5 INTEREST EARNED ON CAPTIAL ONE PRIME 1.600% 11/15/24 $1 PV ON 290000.0000 SHARES DUE 7/15/2021 - - 386.67 - - - 07/15/2021 26208VAD8 INTEREST EARNED ON DRIVE AUTO 0.830% 5/15/24 $1 PV ON 62.2500 SHARES DUE 7/15/2021 $0.00069/PV ON 90,000.00 PV DUE 7/15/21 - - 62.25 - - - 07/15/2021 262108AD5 INTEREST EARNED ON DRIVE AUTO 0.650% 7/15/25 $1 PV ON 135.4200 SHARES DUE 7/15/2021 $0.00054/PV ON 250,000.00 PV DUE 7/15/21 - - 135.42 - - - 07/15/2021 07/15/2021 07/15/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 62,849.76 1.00 (62,849.76)62,849.76 - - 07/15/2021 07/15/2021 07/15/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 529.67 1.00 (529.67)529.67 - - 07/15/2021 43815NAC8 INTEREST EARNED ON HONDA AUTO 1.780% 8/15/23 $1 PV ON 346.8200 SHARES DUE 7/15/2021 $0.00148/PV ON 233,809.39 PV DUE 7/15/21 - - 346.82 - - - 07/15/2021 07/15/2021 07/15/2021 43815NAC8 PAID DOWN PAR VALUE OF HONDA AUTO 1.780% 8/15/23 (19,742.70)-19,742.70 (19,742.54)- 0.16 07/15/2021 47789JAD8 INTEREST EARNED ON JOHN DEERE OWNER 2.910% 7/17/23 $1 PV ON 305.1000 SHARES DUE 7/15/2021 $0.00243/PV ON 125,815.97 PV DUE 7/15/21 - - 305.10 - - - 07/15/2021 07/15/2021 07/15/2021 47789JAD8 PAID DOWN PAR VALUE OF JOHN DEERE OWNER 2.910% 7/17/23 (10,522.37)-10,522.37 (10,521.08)- 1.29 07/15/2021 47789KAC7 INTEREST EARNED ON JOHN DEERE OWNER 1.100% 8/15/24 $1 PV ON 394.1700 SHARES DUE 7/15/2021 $0.00092/PV ON 430,000.00 PV DUE 7/15/21 - - 394.17 - - - 07/15/2021 58770FAC6 INTEREST EARNED ON MERCEDES BENZ AUTO 1.840% 12/15/22 $1 PV ON 214.6700 SHARES DUE 7/15/2021 $0.00153/PV ON 140,000.00 PV DUE 7/15/21 - - 214.67 - - - 07/15/2021 07/15/2021 07/15/2021 58770FAC6 PAID DOWN PAR VALUE OF MERCEDES BENZ AUTO 1.840% 12/15/22 (8,906.34)-8,906.34 (8,905.17)- 1.17 07/15/2021 80285WAD9 INTEREST EARNED ON SANTANDER DRIVE 0.00001% 7/15/24 $1 PV ON 143.0000 SHARES DUE 7/15/2021 $0.00043/PV ON 330,000.00 PV DUE 7/15/21 - - 143.00 - - - 07/15/2021 89238UAD2 INTEREST EARNED ON TOYOTA AUTO 1.910% 9/15/23 $1 PV ON 341.9400 SHARES DUE 7/15/2021 $0.00159/PV ON 214,834.59 PV DUE 7/15/21 - - 341.94 - - - 07/15/2021 07/15/2021 07/15/2021 89238UAD2 PAID DOWN PAR VALUE OF TOYOTA AUTO 1.910% 9/15/23 (18,893.60)-18,893.60 (18,893.45)- 0.15 07/15/2021 91282CBE0 INTEREST EARNED ON U S TREASURY NT 0.125% 1/15/24 $1 PV ON 4775000.0000 SHARES DUE 7/15/2021 - - 2,984.38 - - - 07/20/2021 262108AD5 INTEREST EARNED ON DRIVE AUTO 0.650% 7/15/25 $1 PV ON 117.3600 SHARES DUE 5/15/2021 - - (117.36)- - - 07/20/2021 262108AD5 INTEREST EARNED ON DRIVE AUTO 0.650% 7/15/25 $1 PV ON 250000.0000 SHARES DUE 5/15/2021 - - 108.33 - - - 07/20/2021 07/20/2021 07/20/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (9.03)1.00 9.03 (9.03)- - 07/26/2021 TRUST FEES COLLECTED CHARGED FOR PERIOD 06/01/2021 THRU 06/30/2021 COLLECTED BY DISBURSEMENT - - (579.66)- - - 07/26/2021 05588CAC6 INTEREST EARNED ON BMW VEHICLE OWNER 1.920% 1/25/24 $1 PV ON 399.7700 SHARES DUE 7/25/2021 $0.00160/PV ON 249,858.33 PV DUE 7/25/21 - - 399.77 - - - 07/26/2021 07/25/2021 07/26/2021 05588CAC6 PAID DOWN PAR VALUE OF BMW VEHICLE OWNER 1.920% 1/25/24 (22,658.22)-22,658.22 (22,655.17)- 3.05 07/26/2021 06050TMJ8 INTEREST EARNED ON BANK OF AMERICA MTN 3.335% 1/25/23 $1 PV ON 520000.0000 SHARES DUE 7/25/2021 - - 8,671.00 - - - 07/26/2021 3136AKQM8 INTEREST EARNED ON F N M A GTD REMIC 3.056% 6/25/24 $1 PV ON 1028.7900 SHARES DUE 7/25/2021 $0.00255/PV ON 403,976.46 PV DUE 7/25/21 - - 1,028.79 - - - 07/26/2021 3136AKQM8 AMORTIZED PREMIUM ON F N M A GTD REMIC 3.056% 6/25/24 CURRENT YEAR AMORTIZATION - - - (622.17)- - 07/26/2021 07/25/2021 07/26/2021 3136AKQM8 PAID DOWN PAR VALUE OF F N M A GTD REMIC 3.056% 6/25/24 (787.92)- 787.92 (831.04)-(43.12) 07/26/2021 3136B1XP4 INTEREST EARNED ON F N M A GTD REMIC 3.55998% 9/25/21 $1 PV ON 12.5700 SHARES DUE 7/25/2021 $0.00297/PV ON 4,238.11 PV DUE 7/25/21 - - 12.57 - - - 07/26/2021 3136B1XP4 AMORTIZED PREMIUM ON F N M A GTD REMIC 3.55998% 9/25/21 CURRENT YEAR AMORTIZATION - - - (2.03)- - 07/26/2021 07/25/2021 07/26/2021 3136B1XP4 PAID DOWN PAR VALUE OF F N M A GTD REMIC 3.55998% 9/25/21 (2,434.08)2,041.65 2,434.08 (2,436.49)-(2.41) 07/26/2021 3137ATRW4 INTEREST EARNED ON F H L M C MULTICLASS 2.373% 5/25/22 $1 PV ON 374.2600 SHARES DUE 7/25/2021 $0.00198/PV ON 189,257.86 PV DUE 7/25/21 - - 374.26 - - - 07/26/2021 3137ATRW4 AMORTIZED PREMIUM ON F H L M C MULTICLASS 2.373% 5/25/22 CURRENT YEAR AMORTIZATION - - - (30.36)- - 07/26/2021 07/25/2021 07/26/2021 3137ATRW4 PAID DOWN PAR VALUE OF F H L M C MULTICLASS 2.373% 5/25/22 (494.79)- 494.79 (495.59)-(0.80) 07/26/2021 3137B1U75 INTEREST EARNED ON F H L M C MLTCL MTG 2.522% 1/25/23 $1 PV ON 271.7700 SHARES DUE 7/25/2021 $0.00210/PV ON 129,310.62 PV DUE 7/25/21 - - 271.77 - - - 07/26/2021 3137B1U75 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 2.522% 1/25/23 CURRENT YEAR AMORTIZATION - - - (14.72)- - 07/26/2021 07/25/2021 07/26/2021 3137B1U75 PAID DOWN PAR VALUE OF F H L M C MLTCL MTG 2.522% 1/25/23 (432.24)- 432.24 (433.14)-(0.90) 07/26/2021 3137B36J2 INTEREST EARNED ON F H L M C MLTCL MT 3.320% 2/25/23 $1 PV ON 1326.4900 SHARES DUE 7/25/2021 $0.00276/PV ON 480,000.00 PV DUE 7/25/21 - - 1,326.49 - - - 07/26/2021 3137B36J2 AMORTIZED PREMIUM ON F H L M C MLTCL MT 3.320% 2/25/23 CURRENT YEAR AMORTIZATION - - - (506.70)- - 07/26/2021 3137B4GY6 INTEREST EARNED ON F H L M C MLTCL MT 3.30996% 5/25/23 $1 PV ON 1406.7300 SHARES DUE 7/25/2021 $0.00276/PV ON 510,000.00 PV DUE 7/25/21 - - 1,406.73 - - - 07/26/2021 3137B4GY6 AMORTIZED PREMIUM ON F H L M C MLTCL MT 3.30996% 5/25/23 CURRENT YEAR AMORTIZATION - - - (1,187.94)- - 07/26/2021 3137B4WB8 INTEREST EARNED ON F H L M C MLTCL MTG 3.060% 7/25/23 $1 PV ON 1249.5000 SHARES DUE 7/25/2021 $0.00255/PV ON 490,000.00 PV DUE 7/25/21 - - 1,249.50 - - - 07/26/2021 3137B4WB8 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 3.060% 7/25/23 CURRENT YEAR AMORTIZATION - - - (587.66)- - 07/26/2021 3137FYUR5 INTEREST EARNED ON F H L M C MLTCL 0.20136% 8/26/24 $1 PV ON 50.3300 SHARES DUE 7/25/2021 $0.00017/PV ON 299,968.74 PV DUE 7/25/21 - - 50.33 - - - 07/26/2021 07/25/2021 07/26/2021 3137FYUR5 PAID DOWN PAR VALUE OF F H L M C MLTCL 0.20136% 8/26/24 (28,916.02)-28,916.02 (28,916.02)- - 07/26/2021 07/26/2021 07/26/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 2,398.48 1.00 (2,398.48)2,398.48 - - 07/26/2021 07/26/2021 07/26/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 67,536.34 1.00 (67,536.34)67,536.34 - - 07/27/2021 06406RAM9 INTEREST EARNED ON BANK OF NY MTN 1.850% 1/27/23 $1 PV ON 300000.0000 SHARES DUE 7/27/2021 - - 2,775.00 - - - 07/27/2021 07/27/2021 07/27/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 2,775.00 1.00 (2,775.00)2,775.00 - - Payden & Rygel Operating Portfolio Transaction Report Quarter ended December 31, 2021 Page 98 of 102 ATTACHMENT 9 136 Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM Transaction Date Trade Date Settlement Date CUSIP Description Units Price Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Payden & Rygel Operating Portfolio Transaction Report Quarter ended December 31, 2021 08/02/2021 212204JC6 INTEREST EARNED ON CONTRA COSTA CA 1.652% 8/01/22 $1 PV ON 300000.0000 SHARES DUE 8/1/2021 - - 2,478.00 - - - 08/02/2021 08/02/2021 08/02/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 10,329.20 1.00 (10,329.20) 10,329.20 - - 08/02/2021 08/02/2021 08/02/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (135,643.41) 1.00 135,643.41 (135,643.41) - - 08/02/2021 31846V203 INTEREST EARNED ON FIRST AM GOVT OB FD CL Y UNIT ON 0.0000 SHARES DUE 7/31/2021 INTEREST FROM 7/1/21 TO 7/31/21 - - 1.49 - - - 08/02/2021 365298Y28 INTEREST EARNED ON GARDEN GROVE CA 1.875% 8/01/21 $1 PV ON 300000.0000 SHARES DUE 8/1/2021 - - 2,812.50 - - - 08/02/2021 08/01/2021 08/01/2021 365298Y28 MATURED PAR VALUE OF GARDEN GROVE CA 1.875% 8/01/21 300,000 PAR VALUE AT 100 % (300,000.00) 1.00 300,000.00 (300,000.00) - - 08/02/2021 796720ME7 INTEREST EARNED ON SAN BERNARDINO CA 1.883% 8/01/22 $1 PV ON 435000.0000 SHARES DUE 8/1/2021 - - 4,095.53 - - - 08/02/2021 796720NP1 INTEREST EARNED ON SAN BERNARDINO CA 0.729% 8/01/23 $1 PV ON 150000.0000 SHARES DUE 8/1/2021 - - 546.75 - - - 08/02/2021 79770GGP5 INTEREST EARNED ON SAN FRANCISCO CA 2.375% 8/01/22 $1 PV ON 400000.0000 SHARES DUE 8/1/2021 - - 4,750.00 - - - 08/02/2021 79770GGP5 AMORTIZED PREMIUM ON SAN FRANCISCO CA 2.375% 8/01/22 CURRENT YEAR AMORTIZATION - - - (1,355.36) - - 08/02/2021 835569GP3 INTEREST EARNED ON SONOMA CNTY CA 1.969% 8/01/22 $1 PV ON 420000.0000 SHARES DUE 8/1/2021 - - 4,134.90 - - - 08/02/2021 86787EAY3 INTEREST EARNED ON SUNTRUST BANK 3.689% 8/02/24 $1 PV ON 560000.0000 SHARES DUE 8/2/2021 - - 10,329.20 - - - 08/02/2021 86787EAY3 INTEREST EARNED ON SUNTRUST BANK 3.689% 8/02/24 $1 PV ON 560000.0000 SHARES DUE 8/2/2021 *** TAX INCOME ONLY *** - - - - - - 08/02/2021 86787EAY3 AMORTIZED PREMIUM ON SUNTRUST BANK 3.689% 8/02/24 CURRENT YEAR AMORTIZATION - - - (2,415.38) - - 08/02/2021 911759MU9 INTEREST EARNED ON U S DEPT HSG & URB 2.570% 8/01/21 $1 PV ON 100000.0000 SHARES DUE 8/1/2021 - - 1,285.00 - - - 08/02/2021 08/01/2021 08/01/2021 911759MU9 MATURED PAR VALUE OF U S DEPT HSG & URB 2.570% 8/01/21 100,000 PAR VALUE AT 100 % (100,000.00) 1.00 100,000.00 (100,000.00) - - 08/02/2021 91282CBD2 AMORTIZED PREMIUM ON U S TREASURY NT 0.125% 12/31/22 CURRENT YEAR AMORTIZATION - - - (1.07) - - 08/02/2021 07/30/2021 08/02/2021 91282CBD2 SOLD PAR VALUE OF U S TREASURY NT 0.125% 12/31/22 /NATWEST MKTS SECS/FIXED INCOME/1,115,000 PAR VALUE AT 100.00390583 % (1,115,000.00) 1.00 1,115,043.55 (1,114,564.45) 479.10 - 08/02/2021 08/02/2021 91282CBD2 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 0.125% 12/31/22 - - 124.98 - - - 08/02/2021 91282CBG5 INTEREST EARNED ON U S TREASURY NT 0.125% 1/31/23 $1 PV ON 8050000.0000 SHARES DUE 7/31/2021 - - 5,031.25 - - - 08/02/2021 91282CBG5 AMORTIZED PREMIUM ON U S TREASURY NT 0.125% 1/31/23 CURRENT YEAR AMORTIZATION - - - (269.26) - - 08/02/2021 07/30/2021 08/02/2021 91282CCL3 PURCHASED PAR VALUE OF U S TREASURY NT 0.375% 7/15/24 /NOMURA SECURITIES/FIX INCOME/1,675,000 PAR VALUE AT 100.08984358 % 1,675,000.00 1.00 (1,676,504.88) 1,676,504.88 - - 08/02/2021 08/02/2021 91282CCL3 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 0.375% 7/15/24 - - (307.24) - - - 08/02/2021 916544ER6 INTEREST EARNED ON UPPER SANTA CLARA CA 0.525% 8/01/22 $1 PV ON 330000.0000 SHARES DUE 8/1/2021 - - 866.25 - - - 08/03/2021 08/03/2021 08/03/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 1.49 1.00 (1.49) 1.49 - - 08/04/2021 08/04/2021 08/04/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 125,245.21 1.00 (125,245.21) 125,245.21 - - 08/04/2021 91282CCL3 AMORTIZED PREMIUM ON U S TREASURY NT 0.375% 7/15/24 CURRENT YEAR AMORTIZATION - - - (2.78) - - 08/04/2021 08/03/2021 08/04/2021 91282CCL3 SOLD PAR VALUE OF U S TREASURY NT 0.375% 7/15/24 /BNP PARIBAS SEC CORP/125,000 PAR VALUE AT 100.175784 % (125,000.00) 1.00 125,219.73 (125,112.10) 107.63 - 08/04/2021 08/04/2021 91282CCL3 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 0.375% 7/15/24 - - 25.48 - - - 08/09/2021 08/09/2021 08/09/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (124,932.50) 1.00 124,932.50 (124,932.50) - - 08/09/2021 08/03/2021 08/09/2021 69371RR40 PURCHASED PAR VALUE OF PACCAR MTN 0.500% 8/09/24 /MITSUBISHI UFJ SECURITIES USA/125,000 PAR VALUE AT 99.946 % 125,000.00 1.00 (124,932.50) 124,932.50 - - 08/11/2021 166756AJ5 INTEREST EARNED ON CHEVRON USA INC 0.426% 8/11/23 $1 PV ON 115000.0000 SHARES DUE 8/11/2021 - - 244.95 - - - 08/11/2021 08/11/2021 08/11/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 244.95 1.00 (244.95) 244.95 - - 08/12/2021 3130AKXQ4 INTEREST EARNED ON F H L B DEB 0.600% 2/12/2026 $1 PV ON 560000.0000 SHARES DUE 8/12/2021 - - 1,680.00 - - - 08/12/2021 08/12/2021 08/12/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 1,680.00 1.00 (1,680.00) 1,680.00 - - 08/16/2021 14043MAC5 INTEREST EARNED ON CAPTIAL ONE PRIME 1.600% 11/15/24 $1 PV ON 290000.0000 SHARES DUE 8/15/2021 - - 386.67 - - - 08/16/2021 26208VAD8 INTEREST EARNED ON DRIVE AUTO 0.830% 5/15/24 $1 PV ON 62.2500 SHARES DUE 8/15/2021 $0.00069/PV ON 90,000.00 PV DUE 8/15/21 - - 62.25 - - - 08/16/2021 262108AD5 INTEREST EARNED ON DRIVE AUTO 0.650% 7/15/25 $1 PV ON 139.9300 SHARES DUE 8/15/2021 $0.00056/PV ON 250,000.00 PV DUE 8/15/21 - - 139.93 - - - 08/16/2021 30231GBB7 INTEREST EARNED ON EXXON MOBIL 1.902% 8/16/22 $1 PV ON 300000.0000 SHARES DUE 8/16/2021 - - 2,853.00 - - - 08/16/2021 08/16/2021 08/16/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 79,465.67 1.00 (79,465.67) 79,465.67 - - 08/16/2021 08/16/2021 08/16/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 386.67 1.00 (386.67) 386.67 - - 08/16/2021 43815NAC8 INTEREST EARNED ON HONDA AUTO 1.780% 8/15/23 $1 PV ON 317.5300 SHARES DUE 8/15/2021 $0.00148/PV ON 214,066.69 PV DUE 8/15/21 - - 317.53 - - - 08/16/2021 08/15/2021 08/16/2021 43815NAC8 PAID DOWN PAR VALUE OF HONDA AUTO 1.780% 8/15/23 (18,275.85) - 18,275.85 (18,275.70) - 0.15 08/16/2021 47789JAD8 INTEREST EARNED ON JOHN DEERE OWNER 2.910% 7/17/23 $1 PV ON 279.5900 SHARES DUE 8/15/2021 $0.00242/PV ON 115,293.60 PV DUE 8/15/21 - - 279.59 - - - 08/16/2021 08/15/2021 08/16/2021 47789JAD8 PAID DOWN PAR VALUE OF JOHN DEERE OWNER 2.910% 7/17/23 (15,131.93) - 15,131.93 (15,130.07) - 1.86 08/16/2021 47789KAC7 INTEREST EARNED ON JOHN DEERE OWNER 1.100% 8/15/24 $1 PV ON 394.1700 SHARES DUE 8/15/2021 $0.00092/PV ON 430,000.00 PV DUE 8/15/21 - - 394.17 - - - 08/16/2021 58770FAC6 INTEREST EARNED ON MERCEDES BENZ AUTO 1.840% 12/15/22 $1 PV ON 201.0100 SHARES DUE 8/15/2021 $0.00153/PV ON 131,093.66 PV DUE 8/15/21 - - 201.01 - - - 08/16/2021 08/15/2021 08/16/2021 58770FAC6 PAID DOWN PAR VALUE OF MERCEDES BENZ AUTO 1.840% 12/15/22 (12,710.30) - 12,710.30 (12,708.62) - 1.68 08/16/2021 76913CAX7 INTEREST EARNED ON RIVERSIDE CNTY CA 2.363% 2/15/23 $1 PV ON 170000.0000 SHARES DUE 8/15/2021 - - 2,008.55 - - - 08/16/2021 80285WAD9 INTEREST EARNED ON SANTANDER DRIVE 0.00001% 7/15/24 $1 PV ON 143.0000 SHARES DUE 8/15/2021 $0.00043/PV ON 330,000.00 PV DUE 8/15/21 - - 143.00 - - - 08/16/2021 89238UAD2 INTEREST EARNED ON TOYOTA AUTO 1.910% 9/15/23 $1 PV ON 311.8700 SHARES DUE 8/15/2021 $0.00159/PV ON 195,940.99 PV DUE 8/15/21 - - 311.87 - - - 08/16/2021 08/15/2021 08/16/2021 89238UAD2 PAID DOWN PAR VALUE OF TOYOTA AUTO 1.910% 9/15/23 (17,011.69) - 17,011.69 (17,011.55) - 0.14 08/16/2021 91324PDM1 INTEREST EARNED ON UNITEDHEALTH GROUP 3.500% 2/15/24 $1 PV ON 550000.0000 SHARES DUE 8/15/2021 - - 9,625.00 - - - 08/16/2021 91324PDM1 AMORTIZED PREMIUM ON UNITEDHEALTH GROUP 3.500% 2/15/24 CURRENT YEAR AMORTIZATION - - - (4,809.95) - - 08/17/2021 08/15/2021 08/17/2021 26208VAD8 PAID DOWN PAR VALUE OF DRIVE AUTO 0.830% 5/15/24 (16,070.90) - 16,070.90 (16,070.29) - 0.61 08/17/2021 262108AD5 INTEREST EARNED ON DRIVE AUTO 0.650% 7/15/25 $1 PV ON 139.9300 SHARES DUE 8/15/2021 - - (139.93) - - - 08/17/2021 262108AD5 INTEREST EARNED ON DRIVE AUTO 0.650% 7/15/25 $1 PV ON 250000.0000 SHARES DUE 9/15/2021 - - 135.42 - - - 08/17/2021 08/17/2021 08/17/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 16,066.39 1.00 (16,066.39) 16,066.39 - - 08/23/2021 06406RAK3 INTEREST EARNED ON BANK OF NY MTN 1.950% 8/23/22 $1 PV ON 100000.0000 SHARES DUE 8/23/2021 - - 975.00 - - - 08/23/2021 08/23/2021 08/23/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 975.00 1.00 (975.00) 975.00 - - 08/25/2021 TRUST FEES COLLECTED CHARGED FOR PERIOD 07/01/2021 THRU 07/31/2021 COLLECTED BY DISBURSEMENT - - (580.51) - - - 08/25/2021 05588CAC6 INTEREST EARNED ON BMW VEHICLE OWNER 1.920% 1/25/24 $1 PV ON 363.5200 SHARES DUE 8/25/2021 $0.00160/PV ON 227,200.11 PV DUE 8/25/21 - - 363.52 - - - 08/25/2021 08/25/2021 08/25/2021 05588CAC6 PAID DOWN PAR VALUE OF BMW VEHICLE OWNER 1.920% 1/25/24 (20,552.20) - 20,552.20 (20,549.44) - 2.76 08/25/2021 3136AKQM8 INTEREST EARNED ON F N M A GTD REMIC 3.056% 6/25/24 $1 PV ON 1026.7900 SHARES DUE 8/25/2021 $0.00255/PV ON 403,188.54 PV DUE 8/25/21 - - 1,026.79 - - - 08/25/2021 3136AKQM8 AMORTIZED PREMIUM ON F N M A GTD REMIC 3.056% 6/25/24 CURRENT YEAR AMORTIZATION - - - (641.65) - - 08/25/2021 08/25/2021 08/25/2021 3136AKQM8 PAID DOWN PAR VALUE OF F N M A GTD REMIC 3.056% 6/25/24 (742.00) - 742.00 (781.43) - (39.43) Page 99 of 102 137 Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM Transaction Date Trade Date Settlement Date CUSIP Description Units Price Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Payden & Rygel Operating Portfolio Transaction Report Quarter ended December 31, 2021 08/25/2021 3136B1XP4 INTEREST EARNED ON F N M A GTD REMIC 3.55999% 9/25/21 $1 PV ON 5.3500 SHARES DUE 8/25/2021 $0.00297/PV ON 1,804.03 PV DUE 8/25/21 - - 5.35 - - - 08/25/2021 3136B1XP4 AMORTIZED PREMIUM ON F N M A GTD REMIC 3.55999% 9/25/21 CURRENT YEAR AMORTIZATION - - - (0.90) - - 08/25/2021 08/25/2021 08/25/2021 3136B1XP4 PAID DOWN PAR VALUE OF F N M A GTD REMIC 3.55999% 9/25/21 (1,797.65) 150.91 1,797.65 (1,798.54) - (0.89) 08/25/2021 3137ATRW4 INTEREST EARNED ON F H L M C MULTICLASS 2.373% 5/25/22 $1 PV ON 373.2800 SHARES DUE 8/25/2021 $0.00198/PV ON 188,763.07 PV DUE 8/25/21 - - 373.28 - - - 08/25/2021 3137ATRW4 AMORTIZED PREMIUM ON F H L M C MULTICLASS 2.373% 5/25/22 CURRENT YEAR AMORTIZATION - - - (31.29) - - 08/25/2021 08/25/2021 08/25/2021 3137ATRW4 PAID DOWN PAR VALUE OF F H L M C MULTICLASS 2.373% 5/25/22 (470.73) 869.43 470.73 (471.42) - (0.69) 08/25/2021 3137B1U75 INTEREST EARNED ON F H L M C MLTCL MT 2.52204% 1/25/23 $1 PV ON 270.8600 SHARES DUE 8/25/2021 $0.00210/PV ON 128,878.38 PV DUE 8/25/21 - - 270.86 - - - 08/25/2021 3137B1U75 AMORTIZED PREMIUM ON F H L M C MLTCL MT 2.52204% 1/25/23 CURRENT YEAR AMORTIZATION - - - (15.16) - - 08/25/2021 08/25/2021 08/25/2021 3137B1U75 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 2.52204% 1/25/23 (412.70) 44.77 412.70 (413.51) - (0.81) 08/25/2021 3137B36J2 INTEREST EARNED ON F H L M C MLTCL MT 3.320% 2/25/23 $1 PV ON 480000.0000 SHARES DUE 8/25/2021 - - 1,328.02 - - - 08/25/2021 3137B36J2 AMORTIZED PREMIUM ON F H L M C MLTCL MT 3.320% 2/25/23 CURRENT YEAR AMORTIZATION - - - (523.59) - - 08/25/2021 3137B4GY6 INTEREST EARNED ON F H L M C MLTCL MT 3.30996% 5/25/23 $1 PV ON 510000.0000 SHARES DUE 8/25/2021 - - 1,406.73 - - - 08/25/2021 3137B4GY6 AMORTIZED PREMIUM ON F H L M C MLTCL MT 3.30996% 5/25/23 CURRENT YEAR AMORTIZATION - - - (1,227.54) - - 08/25/2021 3137B4WB8 INTEREST EARNED ON F H L M C MLTCL MTG 3.060% 7/25/23 $1 PV ON 490000.0000 SHARES DUE 8/25/2021 - - 1,249.50 - - - 08/25/2021 3137B4WB8 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 3.060% 7/25/23 CURRENT YEAR AMORTIZATION - - - (607.25) - - 08/25/2021 3137FYUR5 INTEREST EARNED ON F H L M C MLTCL 0.24588% 8/26/24 $1 PV ON 55.5400 SHARES DUE 8/25/2021 $0.00020/PV ON 271,052.72 PV DUE 8/25/21 - - 55.54 - - - 08/25/2021 08/25/2021 08/25/2021 3137FYUR5 PAID DOWN PAR VALUE OF F H L M C MLTCL 0.24588% 8/26/24 (19.75) - 19.75 (19.75) - - 08/25/2021 08/25/2021 08/25/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 1,878.29 1.00 (1,878.29) 1,878.29 - - 08/25/2021 08/25/2021 08/25/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 22,104.00 1.00 (22,104.00) 22,104.00 - - 08/26/2021 08/26/2021 08/26/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 5,511.82 1.00 (5,511.82) 5,511.82 - - 09/01/2021 13063BFS6 INTEREST EARNED ON CALIFORNIA ST BUILD 6.650% 3/01/22 $1 PV ON 210000.0000 SHARES DUE 9/1/2021 - - 6,982.50 - - - 09/01/2021 09/01/2021 09/01/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (51,880.30) 1.00 51,880.30 (51,880.30) - - 09/01/2021 31846V203 INTEREST EARNED ON FIRST AM GOVT OB FD CL Y UNIT ON 0.0000 SHARES DUE 8/31/2021 INTEREST FROM 8/1/21 TO 8/31/21 - - 1.50 - - - 09/01/2021 378460YB9 INTEREST EARNED ON GLENDALE CA 1.041% 9/01/22 $1 PV ON 330000.0000 SHARES DUE 9/1/2021 - - 1,717.65 - - - 09/01/2021 62451FKF6 INTEREST EARNED ON MOUNTAIN VIEW CA 1.043% 9/01/22 $1 PV ON 250000.0000 SHARES DUE 9/1/2021 - - 1,303.75 - - - 09/01/2021 79730WAY6 INTEREST EARNED ON SAN DIEGO CA 3.250% 9/01/22 $1 PV ON 250000.0000 SHARES DUE 9/1/2021 - - 4,062.50 - - - 09/01/2021 79730WAY6 AMORTIZED PREMIUM ON SAN DIEGO CA 3.250% 9/01/22 CURRENT YEAR AMORTIZATION - - - (1,959.77) - - 09/01/2021 801096AP3 INTEREST EARNED ON SANTA ANA CA CMNTY 3.346% 9/01/21 $1 PV ON 240000.0000 SHARES DUE 9/1/2021 - - 4,015.20 - - - 09/01/2021 09/01/2021 09/01/2021 801096AP3 MATURED PAR VALUE OF SANTA ANA CA CMNTY 3.346% 9/01/21 240,000 PAR VALUE AT 100 % (240,000.00) 1.00 240,000.00 (240,000.00) - - 09/01/2021 91282CBD2 AMORTIZED PREMIUM ON U S TREASURY NT 0.125% 12/31/22 CURRENT YEAR AMORTIZATION - - - (0.97) - - 09/01/2021 08/31/2021 09/01/2021 91282CBD2 SOLD PAR VALUE OF U S TREASURY NT 0.125% 12/31/22 /BOFA SECURITIES, INC./FXD INC/2,485,000 PAR VALUE AT 100 % (2,485,000.00) 1.00 2,485,000.00 (2,484,179.18) 820.82 - 09/01/2021 09/01/2021 91282CBD2 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 0.125% 12/31/22 - - 531.78 - - - 09/01/2021 08/31/2021 09/01/2021 91282CCL3 PURCHASED PAR VALUE OF U S TREASURY NT 0.375% 7/15/24 /NATWEST MKTS SECS/FIXED INCOME/2,795,000 PAR VALUE AT 99.96874991 % 2,795,000.00 1.00 (2,794,126.56) 2,794,126.56 - - 09/01/2021 09/01/2021 91282CCL3 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 0.375% 7/15/24 - - (1,367.12) - - - 09/02/2021 09/02/2021 09/02/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 1.50 1.00 (1.50) 1.50 - - 09/03/2021 166764AU4 INTEREST EARNED ON CHEVRON CORP 0.6585% 3/03/22 $1 PV ON 500000.0000 SHARES DUE 9/3/2021 - - 841.42 - - - 09/03/2021 166764AU4 AMORTIZED PREMIUM ON CHEVRON CORP 0.6585% 3/03/22 CURRENT YEAR AMORTIZATION - - - (321.08) - - 09/03/2021 09/03/2021 09/03/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 841.42 1.00 (841.42) 841.42 - - 09/09/2021 09/09/2021 09/09/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 555,725.50 1.00 (555,725.50) 555,725.50 - - 09/09/2021 94988J6A0 INTEREST EARNED ON WELLS FARGO MTN 2.082% 9/09/22 $1 PV ON 550000.0000 SHARES DUE 9/9/2021 - - 5,725.50 - - - 09/09/2021 09/09/2021 09/09/2021 94988J6A0 SOLD PAR VALUE OF WELLS FARGO MTN 2.082% 9/09/22 /CALLS/9/9/2021 FULL CALL @ PAR (550,000.00) 1.00 550,000.00 (550,000.00) - - 09/13/2021 037833DL1 INTEREST EARNED ON APPLE INC 1.700% 9/11/22 $1 PV ON 525000.0000 SHARES DUE 9/11/2021 - - 4,462.50 - - - 09/13/2021 09/13/2021 09/13/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 4,462.50 1.00 (4,462.50) 4,462.50 - - 09/15/2021 14043MAC5 INTEREST EARNED ON CAPTIAL ONE PRIME 1.600% 11/15/24 $1 PV ON 386.6700 SHARES DUE 9/15/2021 $0.00133/PV ON 290,000.00 PV DUE 9/15/21 - - 386.67 - - - 09/15/2021 26208VAD8 INTEREST EARNED ON DRIVE AUTO 0.830% 5/15/24 $1 PV ON 51.1300 SHARES DUE 9/15/2021 $0.00069/PV ON 73,929.10 PV DUE 9/15/21 - - 51.13 - - - 09/15/2021 09/15/2021 09/15/2021 26208VAD8 PAID DOWN PAR VALUE OF DRIVE AUTO 0.830% 5/15/24 (17,801.72) - 17,801.72 (17,801.04) - 0.68 09/15/2021 262108AD5 INTEREST EARNED ON DRIVE AUTO 0.650% 7/15/25 $1 PV ON 135.4200 SHARES DUE 9/15/2021 $0.00054/PV ON 250,000.00 PV DUE 9/15/21 - - 135.42 - - - 09/15/2021 09/15/2021 09/15/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 386.67 1.00 (386.67) 386.67 - - 09/15/2021 09/15/2021 09/15/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 316,753.31 1.00 (316,753.31) 316,753.31 - - 09/15/2021 43815NAC8 INTEREST EARNED ON HONDA AUTO 1.780% 8/15/23 $1 PV ON 290.4200 SHARES DUE 9/15/2021 $0.00148/PV ON 195,790.84 PV DUE 9/15/21 - - 290.42 - - - 09/15/2021 09/15/2021 09/15/2021 43815NAC8 PAID DOWN PAR VALUE OF HONDA AUTO 1.780% 8/15/23 (17,553.96) - 17,553.96 (17,553.81) - 0.15 09/15/2021 47789JAD8 INTEREST EARNED ON JOHN DEERE OWNER 2.910% 7/17/23 $1 PV ON 242.8900 SHARES DUE 9/15/2021 $0.00243/PV ON 100,161.67 PV DUE 9/15/21 - - 242.89 - - - 09/15/2021 09/15/2021 09/15/2021 47789JAD8 PAID DOWN PAR VALUE OF JOHN DEERE OWNER 2.910% 7/17/23 (10,224.43) - 10,224.43 (10,223.17) - 1.26 09/15/2021 47789KAC7 INTEREST EARNED ON JOHN DEERE OWNER 1.100% 8/15/24 $1 PV ON 394.1700 SHARES DUE 9/15/2021 $0.00092/PV ON 430,000.00 PV DUE 9/15/21 - - 394.17 - - - 09/15/2021 58770FAC6 INTEREST EARNED ON MERCEDES BENZ AUTO 1.840% 12/15/22 $1 PV ON 181.5200 SHARES DUE 9/15/2021 $0.00153/PV ON 118,383.36 PV DUE 9/15/21 - - 181.52 - - - 09/15/2021 09/15/2021 09/15/2021 58770FAC6 PAID DOWN PAR VALUE OF MERCEDES BENZ AUTO 1.840% 12/15/22 (13,613.07) - 13,613.07 (13,611.28) - 1.79 09/15/2021 693304AP2 INTEREST EARNED ON PECO ENERGY CO 2.375% 9/15/22 $1 PV ON 120000.0000 SHARES DUE 9/15/2021 - - 1,425.00 - - - 09/15/2021 693304AP2 AMORTIZED PREMIUM ON PECO ENERGY CO 2.375% 9/15/22 CURRENT YEAR AMORTIZATION - - - (234.72) - - 09/15/2021 717081EM1 INTEREST EARNED ON PFIZER INC 3.000% 9/15/21 $1 PV ON 250000.0000 SHARES DUE 9/15/2021 - - 3,750.00 - - - 09/15/2021 09/15/2021 09/15/2021 717081EM1 MATURED PAR VALUE OF PFIZER INC 3.000% 9/15/21 250,000 PAR VALUE AT 100 % (250,000.00) 1.00 250,000.00 (249,662.50) - 337.50 09/15/2021 80285WAD9 INTEREST EARNED ON SANTANDER DRIVE 0.00001% 7/15/24 $1 PV ON 143.0000 SHARES DUE 9/15/2021 $0.00043/PV ON 330,000.00 PV DUE 9/15/21 - - 143.00 - - - 09/15/2021 09/15/2021 09/15/2021 80285WAD9 PAID DOWN PAR VALUE OF SANTANDER DRIVE 0.00001% 7/15/24 (30,364.31) 310.89 30,364.31 (30,361.41) 2.90 - 09/15/2021 89238UAD2 INTEREST EARNED ON TOYOTA AUTO 1.910% 9/15/23 $1 PV ON 284.8000 SHARES DUE 9/15/2021 $0.00159/PV ON 178,929.30 PV DUE 9/15/21 - - 284.80 - - - 09/15/2021 09/15/2021 09/15/2021 89238UAD2 PAID DOWN PAR VALUE OF TOYOTA AUTO 1.910% 9/15/23 (16,537.91) - 16,537.91 (16,537.77) - 0.14 Page 100 of 102 138 Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM Transaction Date Trade Date Settlement Date CUSIP Description Units Price Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Payden & Rygel Operating Portfolio Transaction Report Quarter ended December 31, 2021 09/15/2021 91282CBR1 INTEREST EARNED ON U S TREASURY NT 0.250% 3/15/24 $1 PV ON 980000.0000 SHARES DUE 9/15/2021 - - 1,225.00 - - - 09/16/2021 09/16/2021 09/16/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 49,434.47 1.00 (49,434.47) 49,434.47 - - 09/16/2021 46647PBZ8 INTEREST EARNED ON JPMORGAN CHASE CO 0.697% 3/16/24 $1 PV ON 565000.0000 SHARES DUE 9/16/2021 - - 1,969.03 - - - 09/21/2021 09/21/2021 09/21/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 537,951.59 1.00 (537,951.59) 537,951.59 - - 09/21/2021 09/21/2021 09/21/2021 94988J5T0 FULL CALL PAR VALUE OF WELLS FARGO MTN 3.625% 10/22/21 /CALLS/ (530,000.00) 1.00 530,000.00 (529,941.70) - 58.30 Page 101 of 102 139 Account Number: 001050990415 Name: RIVERSIDE COUNTY TRANS COMM Transaction Date Trade Date Settlement Date CUSIP Description Units Price Net Cash Amount Federal Tax Cost Amount Short Term Gain/Loss Amount Long Term Gain/Loss Amount Payden & Rygel Operating Portfolio Transaction Report Quarter ended December 31, 2021 09/21/2021 94988J5T0 INTEREST EARNED ON WELLS FARGO MTN 3.625% 10/22/21 $1 PV ON 530000.0000 SHARES DUE 9/21/2021 - - 7,951.59 - - - 09/22/2021 09/22/2021 09/22/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 0.25 1.00 (0.25) 0.25 - - 09/22/2021 94988J5T0 INTEREST EARNED ON WELLS FARGO MTN 3.625% 10/22/21 $1 PV ON 530000.0000 SHARES DUE 9/21/2021 - - (7,951.59) - - - 09/22/2021 09/21/2021 09/21/2021 94988J5T0 FULL CALL PAR VALUE OF WELLS FARGO MTN 3.625% 10/22/21 /CALLS/ 530,000.00 1.00 (530,000.00) 529,941.70 - (58.30) 09/22/2021 09/21/2021 09/21/2021 94988J5T0 BOND CALLED PAR VALUE OF WELLS FARGO MTN 3.625% 10/22/21 /CALLS/9/21/2021 FULL CALL @ PAR (530,000.00) 1.00 530,000.00 (529,941.70) - 58.30 09/22/2021 94988J5T0 INTEREST EARNED ON WELLS FARGO MTN 3.625% 10/22/21 $1 PV ON 530000.0000 SHARES DUE 9/21/2021 ACCRUED INTEREST ON 9/21/2021 FULL CALL - - 7,951.84 - - - 09/24/2021 TRUST FEES COLLECTED CHARGED FOR PERIOD 08/01/2021 THRU 08/31/2021 COLLECTED BY DISBURSEMENT - - (580.66) - - - 09/24/2021 09/24/2021 09/24/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (1,116,613.19) 1.00 1,116,613.19 (1,116,613.19) - - 09/24/2021 69351UAY9 INTEREST EARNED ON PPL ELEC UTILS 0.380% 6/24/24 $1 PV ON 200000.0000 SHARES DUE 9/24/2021 - - 194.22 - - - 09/24/2021 09/23/2021 09/24/2021 91282CCU3 PURCHASED PAR VALUE OF U S TREASURY NT 0.125% 8/31/23 /CITADEL SECURITIES LLC/560,000 PAR VALUE AT 99.74609464 % 560,000.00 1.00 (558,578.13) 558,578.13 - - 09/24/2021 09/24/2021 91282CCU3 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 0.125% 8/31/23 - - (46.41) - - - 09/24/2021 09/23/2021 09/24/2021 91282CCX7 PURCHASED PAR VALUE OF U S TREASURY NT 0.375% 9/15/24 /BOFA SECURITIES, INC./FXD INC/560,000 PAR VALUE AT 99.5625 % 560,000.00 1.00 (557,550.00) 557,550.00 - - 09/24/2021 09/24/2021 91282CCX7 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 0.375% 9/15/24 - - (52.21) - - - 09/27/2021 05588CAC6 INTEREST EARNED ON BMW VEHICLE OWNER 1.920% 1/25/24 $1 PV ON 330.6400 SHARES DUE 9/25/2021 $0.00160/PV ON 206,647.91 PV DUE 9/25/21 - - 330.64 - - - 09/27/2021 09/25/2021 09/27/2021 05588CAC6 PAID DOWN PAR VALUE OF BMW VEHICLE OWNER 1.920% 1/25/24 (19,123.23) - 19,123.23 (19,120.66) - 2.57 09/27/2021 3136AKQM8 INTEREST EARNED ON F N M A GTD REMIC 3.056% 6/25/24 $1 PV ON 402446.5400 SHARES DUE 9/25/2021 PENALTY PAYMENT - - 218.03 - - - 09/27/2021 3136AKQM8 INTEREST EARNED ON F N M A GTD REMIC 3.056% 6/25/24 $1 PV ON 1024.9000 SHARES DUE 9/25/2021 $0.00255/PV ON 402,446.54 PV DUE 9/25/21 - - 1,024.90 - - - 09/27/2021 3136AKQM8 AMORTIZED PREMIUM ON F N M A GTD REMIC 3.056% 6/25/24 CURRENT YEAR AMORTIZATION - - - (640.47) - - 09/27/2021 09/25/2021 09/27/2021 3136AKQM8 PAID DOWN PAR VALUE OF F N M A GTD REMIC 3.056% 6/25/24 (11,954.70) - 11,954.70 (12,570.87) - (616.17) 09/27/2021 3136B1XP4 INTEREST EARNED ON F N M A GTD REMIC 3.560% 9/25/21 $1 PV ON 0.0200 SHARES DUE 9/25/2021 $0.00297/PV ON 6.38 PV DUE 9/25/21 - - 0.02 - - - 09/27/2021 09/25/2021 09/27/2021 3136B1XP4 PAID DOWN PAR VALUE OF F N M A GTD REMIC 3.560% 9/25/21 (6.38) 14.58 6.38 (6.38) - - 09/27/2021 3137ATRW4 INTEREST EARNED ON F H L M C MULTICLASS 2.373% 5/25/22 $1 PV ON 395.5800 SHARES DUE 9/25/2021 $0.00210/PV ON 188,292.34 PV DUE 9/25/21 - - 395.58 - - - 09/27/2021 3137ATRW4 AMORTIZED PREMIUM ON F H L M C MULTICLASS 2.373% 5/25/22 CURRENT YEAR AMORTIZATION - - - (31.21) - - 09/27/2021 09/25/2021 09/27/2021 3137ATRW4 PAID DOWN PAR VALUE OF F H L M C MULTICLASS 2.373% 5/25/22 (4,384.97) - 4,384.97 (4,390.64) - (5.67) 09/27/2021 3137B1U75 INTEREST EARNED ON F H L M C MLTCL MT 2.52204% 1/25/23 $1 PV ON 270.0000 SHARES DUE 9/25/2021 $0.00210/PV ON 128,465.68 PV DUE 9/25/21 - - 270.00 - - - 09/27/2021 3137B1U75 AMORTIZED PREMIUM ON F H L M C MLTCL MT 2.52204% 1/25/23 CURRENT YEAR AMORTIZATION - - - (15.11) - - 09/27/2021 09/25/2021 09/27/2021 3137B1U75 PAID DOWN PAR VALUE OF F H L M C MLTCL MT 2.52204% 1/25/23 (414.20) - 414.20 (414.97) - (0.77) 09/27/2021 3137B36J2 INTEREST EARNED ON F H L M C MLTCL MT 3.32004% 2/25/23 $1 PV ON 1328.0200 SHARES DUE 9/25/2021 $0.00277/PV ON 480,000.00 PV DUE 9/25/21 - - 1,328.02 - - - 09/27/2021 3137B36J2 AMORTIZED PREMIUM ON F H L M C MLTCL MT 3.32004% 2/25/23 CURRENT YEAR AMORTIZATION - - - (523.59) - - 09/27/2021 3137B4GY6 INTEREST EARNED ON F H L M C MLTCL MT 3.30996% 5/25/23 $1 PV ON 1406.7300 SHARES DUE 9/25/2021 $0.00276/PV ON 510,000.00 PV DUE 9/25/21 - - 1,406.73 - - - 09/27/2021 3137B4GY6 AMORTIZED PREMIUM ON F H L M C MLTCL MT 3.30996% 5/25/23 CURRENT YEAR AMORTIZATION - - - (1,227.54) - - 09/27/2021 3137B4WB8 INTEREST EARNED ON F H L M C MLTCL MTG 3.060% 7/25/23 $1 PV ON 490000.0000 SHARES DUE 9/25/2021 - - 1,249.50 - - - 09/27/2021 3137B4WB8 AMORTIZED PREMIUM ON F H L M C MLTCL MTG 3.060% 7/25/23 CURRENT YEAR AMORTIZATION - - - (607.25) - - 09/27/2021 3137FYUR5 INTEREST EARNED ON F H L M C MLTCL 0.25404% 8/26/24 $1 PV ON 57.3800 SHARES DUE 9/25/2021 $0.00021/PV ON 271,032.97 PV DUE 9/25/21 - - 57.38 - - - 09/27/2021 09/25/2021 09/27/2021 3137FYUR5 PAID DOWN PAR VALUE OF F H L M C MLTCL 0.25404% 8/26/24 (10,561.12) - 10,561.12 (10,561.12) - - 09/27/2021 09/27/2021 09/27/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 1,473.93 1.00 (1,473.93) 1,473.93 - - 09/27/2021 09/27/2021 09/27/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 51,491.47 1.00 (51,491.47) 51,491.47 - - 09/27/2021 654106AH6 INTEREST EARNED ON NIKE INC SR NT 2.400% 3/27/25 $1 PV ON 20000.0000 SHARES DUE 9/27/2021 - - 240.00 - - - 09/29/2021 09/29/2021 09/29/2021 31846V203 SOLD UNITS OF FIRST AM GOVT OB FD CL Y (549,348.76) 1.00 549,348.76 (549,348.76) - - 09/29/2021 91282CBD2 AMORTIZED PREMIUM ON U S TREASURY NT 0.125% 12/31/22 CURRENT YEAR AMORTIZATION - - - (0.86) - - 09/29/2021 09/28/2021 09/29/2021 91282CBD2 SOLD PAR VALUE OF U S TREASURY NT 0.125% 12/31/22 /RBC CAPITAL MARKETS, LLC/560,000 PAR VALUE AT 99.98046964 % (560,000.00) 1.00 559,890.63 (560,014.13) (123.50) - 09/29/2021 09/29/2021 91282CBD2 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 0.125% 12/31/22 - - 173.10 - - - 09/29/2021 09/28/2021 09/29/2021 91282CCX7 PURCHASED PAR VALUE OF U S TREASURY NT 0.375% 9/15/24 /J.P. MORGAN SECURITIES LLC/1,115,000 PAR VALUE AT 99.48437489 % 1,115,000.00 0.99 (1,109,250.78) 1,109,250.78 - - 09/29/2021 09/29/2021 91282CCX7 PAID ACCRUED INTEREST ON PURCHASE OF U S TREASURY NT 0.375% 9/15/24 - - (161.71) - - - 09/30/2021 09/30/2021 09/30/2021 31846V203 PURCHASED UNITS OF FIRST AM GOVT OB FD CL Y 689,607.21 1.00 (689,607.21) 689,607.21 - - 09/30/2021 91282CBU4 INTEREST EARNED ON U S TREASURY NT 0.125% 3/31/23 $1 PV ON 4150000.0000 SHARES DUE 9/30/2021 - - 2,593.75 - - - 09/30/2021 91282CCX7 FED BASIS OF U S TREASURY NT 0.375% 9/15/24 ADJUSTED BY -42.19 FIXED FEDRL TX CST FROM $268818.75 TO $268776.56 - - - (42.19) - - 09/30/2021 91282CCX7 FED BASIS OF U S TREASURY NT 0.375% 9/15/24 ADJUSTED BY 42.19 FIXED FEDRL TX CST FROM $268607.81 TO $268650.00 - - - 42.19 - - 09/30/2021 91282CCX7 FED BASIS OF U S TREASURY NT 0.375% 9/15/24 ADJUSTED BY -14.84 FIXED FEDRL TX CST FROM $189168.75 TO $189153.91 - - - (14.84) - - 09/30/2021 91282CCX7 FED BASIS OF U S TREASURY NT 0.375% 9/15/24 ADJUSTED BY 14.84 FIXED FEDRL TX CST FROM $189020.31 TO $189035.15 - - - 14.84 - - 09/30/2021 91282CCX7 FED BASIS OF U S TREASURY NT 0.375% 9/15/24 ADJUSTED BY -7.81 FIXED FEDRL TX CST FROM $99562.50 TO $99554.69 - - - (7.81) - - 09/30/2021 91282CCX7 FED BASIS OF U S TREASURY NT 0.375% 9/15/24 ADJUSTED BY 7.81 FIXED FEDRL TX CST FROM $99484.38 TO $99492.19 - - - 7.81 - - 09/30/2021 09/29/2021 09/30/2021 91282CCX7 SOLD PAR VALUE OF U S TREASURY NT 0.375% 9/15/24 /NOMURA SECURITIES/FIX INCOME/270,000 PAR VALUE AT 99.54687407 % (270,000.00) 1.00 268,776.56 (268,776.56) - - 09/30/2021 09/30/2021 91282CCX7 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 0.375% 9/15/24 - - 41.95 - - - 09/30/2021 09/29/2021 09/30/2021 91282CCX7 SOLD PAR VALUE OF U S TREASURY NT 0.375% 9/15/24 /J.P. MORGAN SECURITIES LLC/190,000 PAR VALUE AT 99.55468947 % (190,000.00) 1.00 189,153.91 (189,153.91) - - 09/30/2021 09/30/2021 91282CCX7 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 0.375% 9/15/24 - - 29.52 - - - 09/30/2021 91282CCX7 ACCREDITED DISCOUNT ON U S TREASURY NT 0.375% 9/15/24 MARKET DISCOUNT - - - 0.62 - - 09/30/2021 09/29/2021 09/30/2021 91282CCX7 SOLD PAR VALUE OF U S TREASURY NT 0.375% 9/15/24 /BOFA SECURITIES, INC./FXD INC/230,000 PAR VALUE AT 99.55468696 % (230,000.00) 1.00 228,975.78 (228,885.00) 90.78 - 09/30/2021 09/30/2021 91282CCX7 RECEIVED ACCRUED INTEREST ON SALE OF U S TREASURY NT 0.375% 9/15/24 - - 35.74 - - - 0.00 130,063.03 1,377.73 (296.25) Page 102 of 102 140 Riverside County Transportation Commission SHORT DURATION FIXED INCOME JANUARY 27, 2022 ATTACHMENT 10 141 2 Table of Contents MetLife Investment Management Overview01 Market Review02 Portfolio Review03 Appendix04 142 3 1. MetLife Investment Management Overview 143 4 MetLife Investment Management (MIM)1 manages Public Fixed Income, Private Capital and Real Estate assets for institutional investors worldwide by applying our deep asset class expertise to build tailored portfolio solutions. We also leverage the broader resources and 150-year history of MetLife to skillfully navigate markets. Overview 1.As of September 30, 2021, subsidiaries of MetLife, Inc. that provide investment management services to MetLife’s general account, separate accounts and/or unaffiliated/third party investors include Metropolitan Life Insurance Company, MetLife Investment Management, LLC, MetLife Investment Management Limited, MetLife Investments Limited, MetLife Investments Asia Limited, MetLife Latin America Asesorias e Inversiones Limitada, MetLife Asset Management Corp. (Japan), and MIM I LLC. 2.As of September 30, 2021. At estimated fair value. See Appendix – End Notes for additional information. 3.Illustration shown depicts locations of select MIM regional offices, chosen in MIM’s discretion; not a complete representation of MIM’s regional offices. MIM Highlights Total Assets Under Management of $664.7 billion2 as of September 30, 2021 Separate accounts, proprietary commingled funds and client-specific portfolio solutions Experienced and tenured investment teams Deep fundamental research Leverages the broader resources of the MetLife enterprise Global Presence1,3 Philadelphia Whippany London Santiago Tokyo Hong Kong S.A.R. 144 5 Short Duration Fixed Income Team Portfolio Management Name Responsibility Industry Experience (yrs) Scott Pavlak, CFA Head of Short Duration Fixed Income 33 Juan Peruyero Portfolio Manager 20 Portfolio Management Support Name Sector Industry Experience (yrs) David Wheeler, CFA Credit 34 Steve Kelly, CFA Credit 32 Kimberley Slough Municipals 27 John Palphreyman, CFA Structured Products 21 Phil Tran Treasuries, Agencies, Money Markets 17 Trading Name Role # of Traders Average Industry Experience (yrs) Dana Cottrell Head of Investment Grade Trading 5 14 Thomas McClintic Head of High Yield Trading 3 18 Jason Valentino Head of Structured Products Trading 8 15 Research Name Role # of Analysts Average Industry Experience (yrs) Brian Funk, CFA Head of Credit Research 24 Ian Bowman Sector Leader – Consumer & Healthcare 7 17 Park Benjamin, CFA Sector Leader – Energy, Basics, Materials 7 12 Scott O’Donnell Sector Leader – Financials 10 15 Richard Davis, CFA Sector Leader – Industrials 7 18 Zach Bauer, CFA Sector Leader – Telecom, Media, Technology 7 15 Susan Young Sector Leader – Utilities & Midstream 8 13 Brent Garrels Sector Leader – Special Situations 2 17 Joseph Gankiewicz, CFA Sector Leader – Municipals 5 25 Credit Strategy 2 16 Name Role # of Analysts Average Industry Experience (yrs) Francisco Paez, CFA Head of Structured Products Research 25 Priya Desai Sector Leader – ABS 2 17 Meena Pursnani Sector Leader – CMBS 2 23 Cathy Oh Sector Leader - RMBS 1 20 Angela Best Sector Leader – CLO 2 14 145 6 2. Market Review & Outlook 146 7 The views present are MetLife Investment Management’s only, are subject to change, and may not reflect the manager’s current views. Rising wages, shelter costs and base effects keep inflation elevated. Focus shifts to Services inflation as supply chain issues abate, moderating Goods inflation. Market’s long-term expectations diverge from the Fed’s dot plot Inflation Fiscal Stimulus / Growth Peak fiscal stimulus has been reached. Coronavirus-related cross-currents continue to impact pace of economic growth, which is expected to downshift closer toward longer term trend International Global central banks begin policy tightening as inflation persists and the pandemic eventually fades. Geopolitical risks remain elevated, particularly between the U.S., China and Russia Business Corporate profit margins compress as wages rise. Businesses’ focus will likely shift to asset efficiency, productivity and shareholder returns. Credit metrics continue to recover from pandemic-era levels but pace of improvement will likely slow Consumer Consumer balance sheets are healthy but confidence continues to be impacted by rising prices, especially for essential items. As the virus wanes, we feel spending patterns will shift back to more service- related sectors Employment Employers face challenges hiring workers as employees are more comfortable searching for better jobs. Prime working age participation rate is improving but early retirements may hinder overall participation rate gains Monetary Policy Fed pivots as its assessment of the labor market and inflation put it behind the curve. Timing of Fed’s balance sheet adjustment attracts increasing market attention. Going forward, Fed pushed on issues outside its historic scope Current Themes Themes help drive sector and sub- sector allocations L0122018999[exp0722][All States]147 8 Source: Federal Reserve Federal Reserve Projections 2021 2022 2023 PCE Inflation December-19 Projection 2.0%2.0%N/A December-20 Projection 1.8%1.9%2.0% September-21 Projection 4.2%2.2%2.2% December-21 Projection 5.3%2.6%2.3% Core PCE Inflation December-19 Projection 2.0%2.0%N/A December-20 Projection 1.8%1.9%2.0% September-21 Projection 3.7%2.3%2.2% December-21 Projection 4.4%2.7%2.3% Unemployment Rate December-19 Projection 3.6%3.7%N/A December-20 Projection 5.0%4.2%3.7% September-21 Projection 4.8%3.8%3.5% December-21 Projection 4.3%3.5%3.5% Real GDP December-19 Projection 1.9%1.8%N/A December-20 Projection 4.2%3.2%2.4% September-21 Projection 5.9%3.8%2.5% December-21 Projection 5.5%4.0%2.2% 148 9 Source: Bloomberg As of December 31, 2021 Yields 0.07 0.12 0.17 0.36 0.92 0.04 0.25 0.46 0.89 1.47 0.04 0.28 0.51 0.97 1.49 0.04 0.73 0.96 1.26 1.51 0.00% 0.25% 0.50% 0.75% 1.00% 1.25% 1.50% 1.75% U.S. Treasury 3-Month U.S. Treasury 2-Year U.S. Treasury 3-Year U.S. Treasury 5-Year U.S. Treasury 10-Year 12/31/2020 6/30/2021 9/30/2021 12/31/2021 149 10 Yield Curve Source: Bloomberg 5-Year Less 3-Month As of December 31, 2021 122 -100 -50 0 50 100 150 200 250 300 Ba s i s P o i n t s 5-Year Less 3-Month Fed Tightening 150 11 Source: European Central Bank, Federal Reserve, Bank of Japan As of December 31, 2021 Central Bank Assets Central Bank 12/31/2008 12/31/2014 12/31/2018 12/31/2019 12/31/2020 12/31/2021 European Central Bank $2,855 $2,601 $5,354 $5,261 $8,526 $9,740 Federal Reserve $2,239 $4,498 $4,076 $4,174 $7,363 $8,757 Bank of Japan $1,354 $2,506 $5,033 $5,276 $6,807 $6,289 Total $6,448 $9,605 $14,463 $14,711 $22,739 $24,786 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 20,000 22,000 24,000 26,000 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Bi l l i o n s ( $ ) ECB FED BOJ 151 12 1.51% 5.5% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% 8.00% 9.00% 19 9 0 19 9 1 19 9 2 19 9 3 19 9 3 19 9 4 19 9 5 19 9 6 19 9 6 19 9 7 19 9 8 19 9 9 19 9 9 20 0 0 20 0 1 20 0 2 20 0 2 20 0 3 20 0 4 20 0 5 20 0 5 20 0 6 20 0 7 20 0 8 20 0 8 20 0 9 20 1 0 20 1 1 20 1 1 20 1 2 20 1 3 20 1 4 20 1 4 20 1 5 20 1 6 20 1 7 20 1 7 20 1 8 20 1 9 20 2 0 20 2 0 20 2 1 10-Year (LHS)Core CPI YoY (RHS) Source: Bureau of Labor Statistics As of December 31, 2021 Core CPI YoY vs 10-Year 152 13 Core Consumer Price Index (CPI) Inflation Source: Bureau of Labor Statistics As of December 31, 2021 Total 100.0%5.5 Goods less food and energy 26.4%10.7 Transportation 10.0%21.9 Household furnishings & supplies 4.8%7.4 Apparel 3.5%5.8 Recreation 2.5%3.3 Medical care 1.9%0.4 Other 3.7%3.1 Services less energy services 73.6%3.7 Shelter 41.3%4.2 Medical care 8.9%2.5 Education & communication 7.7%1.7 Transportation services 6.4%4.2 Recreation services 4.7%3.3 Other 4.6%4.9 2.2 1.6 5.5 0.1 1.6 10.7 3.0 1.6 3.7 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 12/31/2019 12/31/2020 12/31/2021 All Items (Less Food and Energy)Goods (Less Food and Energy) Services (Less Energy Services) 153 14 Source: New York Federal Reserve Inflation Expectations (New York Federal Reserve) 1-Year Ahead 3-Years Ahead As of December 31, 2021 6.0% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% 5.5% 6.0% 6.5% Dec-18 Jun-19 Dec-19 Jun-20 Dec-20 Jun-21 Dec-21 4.0% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% Dec-18 Jun-19 Dec-19 Jun-20 Dec-20 Jun-21 Dec-21 154 15 Source: University of Michigan Inflation Expectations (University of Michigan) 1-Year Ahead 5-10 Years Ahead As of December 31, 2021 4.8% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% 5.5% Dec-18 Jun-19 Dec-19 Jun-20 Dec-20 Jun-21 Dec-21 2.9% 2.1% 2.3% 2.5% 2.7% 2.9% 3.1% Dec-18 Jun-19 Dec-19 Jun-20 Dec-20 Jun-21 Dec-21 155 16 Civilian Labor Force 16 Years and Over Date 16+ Years 16-24 Years 25-54 Years 55+ Years Percent Distribution1 100%12.6%63.8%23.6% Dec-2019 63.3 55.8 82.9 40.3 Mar-2020 62.7 54.9 82.5 39.6 Apr-2020 60.2 49.2 79.9 38.5 Jun-2020 61.4 52.4 81.5 39.0 Sep-2020 61.4 54.4 81.0 38.9 Dec-2020 61.5 55.3 81.0 38.6 Mar-2021 61.5 55.2 81.3 38.2 Jun-2021 61.6 55.2 81.7 38.4 Sep-2021 61.7 55.5 81.6 38.6 Dec-2021 61.9 56.1 81.9 38.5 Labor Force Participation Source: Bureau of Labor Statistics 1 As of 12/31/20 As of December 31, 2021 61.9% 60.0% 60.5% 61.0% 61.5% 62.0% 62.5% 63.0% 63.5% 64.0% 2017 2018 2019 2020 2021 156 17 Source: Bureau of Labor Statistics. 1Preliminary Data 2Education and Health Services is comprised of Health Care, Social Assistance and Education Services As of December 31, 2021 U.S. Labor Market1 Today Weekly Earnings Avg. Hourly Earnings (thousands)(December 2021)(% Change YoY) Total 148,951 $1,086 4.7% Goods 20,796 $1,269 4.5% Manufacturing 12,580 $1,220 4.4% Construction 7,560 $1,319 4.6% Mining and logging 656 $1,608 3.3% Service 106,247 $1,052 4.7% Education and Health Services2 23,804 $1,027 4.7% Professional and Business Services 21,434 $1,384 6.2% Leisure and Hospitality 15,693 $515 14.1% Retail Trade 15,452 $706 5.4% Financial Activities 8,919 $1,537 4.9% Transportation and Warehousing 6,041 $1,032 5.6% Other Services 5,807 $895 3.5% Wholesale Trade 5,766 $1,350 4.8% Information 2,795 $1,683 2.4% Utilities 536 $1,985 4.6% Today Weekly Earnings Avg. Weekly Earnings (thousands)(December 2021)(% Change YoY) Government 21,908 $1,133 3.0% Local 13,996 $1,319 -0.5% State 5,032 $1,088 3.5% Federal 2,880 $1,102 4.6% 157 18 10,562 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 11,000 12,000 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Source: Bureau of Labor Statistics As of November 30, 2021 JOLTS – Job Openings 158 19 Source: Bloomberg As of December 31, 2021 Consumer Confidence Consumer Confidence Mar- 18 Jun- 18 Sep- 18 Dec- 18 Mar- 19 Jun- 19 Sep- 19 Dec- 19 Mar- 20 Jun- 20 Sep- 20 Dec- 20 Mar- 21 Jun- 21 Sep- 21 Dec- 21 Consumer Confidence 127.0 127.1 135.3 126.6 124.2 124.3 126.3 128.2 118.8 98.3 101.3 87.1 114.9 128.9 109.8 115.8 Current Conditions 158.1 161.7 169.4 169.9 163.0 164.3 170.6 170.5 166.7 86.7 98.9 87.2 119.4 159.6 144.3 144.1 Expectations 106.2 104.0 112.5 97.7 98.3 97.6 96.8 100.0 86.8 106.1 102.9 87.0 111.9 108.5 86.7 96.9 115.8 80 90 100 110 120 130 140 159 20 ICE BofA Corporate 1-5 Year Index OAS (bps)2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Corporate (1–5)174 70 61 65 62 196 639 166 136 227 110 89 99 121 96 61 114 61 60 57 Financial (1–5)165 51 50 57 56 212 663 204 158 308 126 93 96 104 100 60 116 63 62 61 Industrial (1–5)176 86 73 75 69 181 624 135 116 164 96 85 103 134 92 61 112 59 57 52 Utility (1–5)236 79 63 73 71 175 576 155 131 169 110 99 89 120 101 64 126 70 63 66 As of December 31, 2021 Past performance is not indicative of future results. Source: ICE Data Services 430 57 30 80 130 180 230 280 330 380 430 480 Dec-18 Jun-19 Dec-19 Jun-20 Dec-20 Jun-21 Dec-21 Ba s i s P o i n t s 160 21 Short Duration Cross Sector Relative Value Source: ICE Data Services, MetLife Investment Management Past performance is not indicative of future results. *The diamond location is a reflection of the current value as a % of the Max minus Min range for all observations in the period. As of December 31, 2021 161 22 3. Portfolio Review 162 23 Portfolio Performance1 - 2017 Toll Revenue I-15 Project Fund As of December 31, 2021 1.Past performance is not indicative of future results. The Since Inception performance returns of the portfolio is as of the first full month following the funding date. The performance benchmark shown for the Riverside County I-15 Express Lanes 2017 Toll Revenue Project Portfolio is the FTSE 6-Month U.S. Treasury Bill, which tracks the return of a six-month Treasury Bill to maturity and the FTSE 3-Month Treasury Bill, which tracks the return of a three-month Treasury Bill to maturity and is shown for discussion purposes only. Portfolio Characteristics 9/30/21 Yield to Maturity 0.23% Duration 0.30 Years Average Quality (Moody’s)Aa3 Portfolio Market Value $30,554,194 12/31/21 Yield to Maturity 0.43% Duration 0.43 Years Average Quality (Moody’s)Aa3 Portfolio Market Value $31,492,000 Portfolio Performance (%)1 QTD YTD Since Inception Annualized (8/1/2017) 2017 Toll Revenue I-15 Project Fund (Gross of Fees)-0.03 0.17 1.39 2017 Toll Revenue I-15 Project Fund (Net of Fees)-0.06 0.08 1.29 FTSE 3-Month Treasury Bill 0.01 0.05 1.17 Asset Allocation 9/30/21 Asset Allocation 12/31/21 29% 11%6% 4% 12% 16% 7%15% Corporate Municipal Agency RMBS /CMBS ABS Treasury CP CD 32% 12%5% 5% 13% 15% 9%9%Corporate Municipal Agency RMBS /CMBS ABS Treasury CP CD 163 24 Portfolio Performance1 - 2017 Toll Revenue I-15 Ramp Up Reserve As of December 31, 2021 1.Past performance is not indicative of future results. Inception date 12/5/17. Performance returns are calculated as of the first full month following the funding date. Performance for periods greater than one year are annualized. The performance benchmark shown for the Riverside County I-15 Express Lanes Toll Revenue Reserve Portfolio is the ICE BofA 0-2 Year U.S. Treasury Index, which is a broad-based index that measures short-term Treasury Notes and Bonds with a maturity range between zero and two years and is presented for discussion purposes only. The custom benchmark is the ICE BofA 0-2 Year U.S. Treasury Index from inception to 12/31/20 and the ICE BofA 1-3 Year U.S. Treasury Index, from 1/1/21 to present, which is a broad-based index that measures short-term Treasury Notes and Bonds with a maturity range between one and three years and is presented for discussion purposes only. Portfolio Characteristics 9/30/21 Yield to Maturity 0.36% Duration 1.63 Years Average Quality (Moody’s)Aaa Portfolio Market Value $15,675,519 12/31/21 Yield to Maturity 0.60% Duration 1.43 Years Average Quality (Moody’s)Aaa Portfolio Market Value $15,657,482 Asset Allocation 9/30/21 Asset Allocation 12/31/21 Portfolio Performance (%)1 QTD YTD Since Inception Annualized (1/1/2018) 2017 Toll Revenue I-15 Ramp Up Reserve (Gross of Fees)-0.39 -0.20 1.86 2017 Toll Revenue I-15 Ramp Up Reserve (Net of Fees)-0.42 -0.30 1.76 Custom Benchmark -0.53 -0.55 1.50 ICE BofA U.S. Treasury Index 0-2 Year -0.23 -0.13 1.60 67% 6% 19% 7%1% Treasury Agency RMBS CMBS Cash 63% 7% 21% 8%1% Treasury Agency RMBS CMBS Cash 164 25 Portfolio Performance1 - Debt Reserve Fund As of December 31, 2021 1.Past performance is not indicative of future results. Performance returns for periods greater than one year are annualized. The performance benchmark shown for the Riverside County Debt Reserve Fund is the ICE BofA US Treasury 3-7 Year, which is a broad-based index consisting of U.S. Treasury securities with an outstanding par greater or equal to $1 billion and a maturity range from three to seven years, and the ICE BofA 1-3 Year U.S. Treasury Index, which is a broad based index that measures short-term Treasury Notes and Bonds with a maturity range between one and three years, and is presented for discussion purposes only. 44% 1%4%19% 21% 11% Treasury TIPS Agency RMBS CMBS Cash Portfolio Characteristics 9/30/21 Yield to Maturity 0.72% Duration 2.59 Years Average Quality (Moody’s)Aaa Portfolio Market Value $17,920,694 12/31/21 Yield to Maturity 0.70% Duration 1.75 Years Average Quality (Moody’s)Aaa Portfolio Market Value $12,474,858 Asset Allocation 9/30/21 Asset Allocation 12/31/21 Portfolio Performance (%)1 QTD YTD Since Inception Annualized (8/1/2013) Total Debt Service Fund (Gross of Fees)-0.45 -0.68 2.31 Total Debt Service Fund (Net of Fees)-0.48 -0.78 2.21 ICE BofA U.S. Treasury Index 1-3 Year -0.53 -0.55 1.22 ICE BofA U.S. Treasury Index 3-7 Year -0.76 -2.29 2.23 31% 1% 3% 32% 32% 1% Treasury TIPS Agency RMBS CMBS Cash 165 26 Portfolio Performance1 - 2021 Series B Reserve Account As of December 31, 2021 1.Past performance is not indicative of future results. The performance benchmark shown for the Riverside County 91 Subordinate Reserve Account is the ICE BofA US Treasury 3-7 Year, which is a broad- based index consisting of U.S. Treasury securities with an outstanding par greater or equal to $1 billion and a maturity range from three to seven years, and the ICE BofA 1-3 Year U.S. Treasury Index, which is a broad based index that measures short-term Treasury Notes and Bonds with a maturity range between one and three years, and is presented for discussion purposes only. Portfolio Characteristics 12/31/21 Yield to Maturity 0.40% Duration 0.66 Years Average Quality (Moody’s)Aaa Portfolio Market Value $36,390,928 Asset Allocation 12/31/21 Portfolio Performance (%)1 MTD Since Inception (11/1/2021) Total 2021 Series B Reserve Account (Gross of Fees)-0.03 -0.05 Total 2021 Series B Reserve Account (Net of Fees)-0.03 -0.05 ICE BofA U.S. Treasury Index 0-2 Year -0.14 -0.13 ICE BofA U.S. Treasury Index 1-3 Year -0.25 -0.23 ICE BofA U.S. Treasury Index 3-7 Year -0.34 -0.03 47% 12% 8% 5% 5% 9% 13% Treasury Corporates RMBS CMBS ABS Municipal CP 166 27 Portfolio Performance1 - 2021 Series C Reserve Account As of December 31, 2021 1.Past performance is not indicative of future results. The performance benchmark shown for the Riverside County 91 Subordinate Reserve Account is the ICE BofA US Treasury 3-7 Year, which is a broad- based index consisting of U.S. Treasury securities with an outstanding par greater or equal to $1 billion and a maturity range from three to seven years, and the ICE BofA 1-3 Year U.S. Treasury Index, which is a broad based index that measures short-term Treasury Notes and Bonds with a maturity range between one and three years, and is presented for discussion purposes only. Portfolio Characteristics 12/31/21 Yield to Maturity 0.92% Duration 1.99 Years Average Quality (Moody’s)Aaa Portfolio Market Value $7,380,069 Asset Allocation 12/31/21 Portfolio Performance (%)1 MTD Since Inception (11/1/2021) Total 2021 Series C Reserve Account (Gross of Fees)-0.01 -0.06 Total 2021 Series C Reserve Account (Net of Fees)-0.01 -0.06 ICE BofA U.S. Treasury Index 0-2 Year -0.14 -0.13 ICE BofA U.S. Treasury Index 1-3 Year -0.25 -0.23 ICE BofA U.S. Treasury Index 3-7 Year -0.34 -0.03 10% 11% 37% 26% 5% 9% 2% Treasury Corporates RMBS CMBS ABS Municipal CP 167 28 4. Appendix 168 29 Disclosures 1.As of September 30, 2021, subsidiaries of MetLife, Inc. that provide investment management services to MetLife’s general account, separate accounts and/or unaffiliated/third party investors include Metropolitan Life Insurance Company, MetLife Investment Management, LLC, MetLife Investment Management Limited, MetLife Investments Limited, MetLife Investments Asia Limited, MetLife Latin America Asesorias e Inversiones Limitada, MetLife Asset Management Corp. (Japan), and MIM I LLC. This material is intended for institutional investor, qualified investor and financial professional use only. Not suitable for use with general retail public. This document is being provided to you at your specific request. This document has been prepared by MetLife Investment Management, LLC (formerly, MetLife Investment Advisors, LLC), a U.S. Securities Exchange Commission-registered investment adviser. MetLife Investment Management, LLC is a subsidiary of MetLife, Inc. and part of MIM.1 Registration with the SEC does not imply a certain level of skill or that the SEC has endorsed the investment advisor. MetLife, Inc. provides investment management services to affiliates and unaffiliated/third party clients through various subsidiaries. MetLife Investment Management (“MIM”), MetLife, Inc.’s institutional investment management business, is responsible for investments in a range of asset sectors, public and privately sourced, including corporate and infrastructure private placement debt, real estate equity, commercial mortgage loans, customized index strategies, structured finance, emerging market debt, and high yield debt. MIM has invested on behalf of unaffiliated/third party clients since 2009. The information contained herein is intended to provide you with an understanding of the depth and breadth of MIM’s investment management services and investment management experience. This document has been provided to you solely for informational purposes and does not constitute a recommendation regarding any investments or the provision of any investment advice, or constitute or form part of any advertisement of, offer for sale or subscription of, solicitation or invitation of any offer or recommendation to purchase or subscribe for any securities or investment advisory services. Unless otherwise specified, the information and opinions presented or contained in this document are provided as of the quarter end noted herein. It should be understood that subsequent developments may affect the information contained in this document materially, and MIM shall not have any obligation to update, revise or affirm. It is not MIM’s intention to provide, and you may not rely on this document as providing, a complete or comprehensive analysis of MIM’s investment portfolio, investment strategies or investment recommendations. No money, securities or other consideration is being solicited. No invitation is made by this document or the information contained herein to enter into, or offer to enter into, any agreement to purchase, acquire, dispose of, subscribe for or underwrite any securities or structured products, and no offer is made of any shares in or debentures of a company for purchase or subscription. Prospective clients are encouraged to seek advice from their legal, tax and financial advisors prior to making any investment. No money, securities or other consideration is being solicited. No invitation is made by this document or the information contained herein to enter into, or offer to enter into, any agreement to purchase, acquire, dispose of, subscribe for or underwrite any securities or structured products, and no offer is made of any shares in or debentures of a company for purchase or subscription. Prospective clients are encouraged to seek advice from their legal, tax and financial advisors prior to making any investment. Confidentiality. By accepting receipt or reading any portion of this Presentation, you agree that you will treat the Presentation confidentially. This reminder should not be read to limit, in any way, the terms of any confidentiality agreement you or your organization may have in place with MetLife Investment Management, LLC. This document and the information contained herein is strictly confidential (and by receiving such information you agree to keep such information confidential) and are being furnished to you solely for your information and may not be used or relied upon by any other party, or for any other purpose, and may not, directly or indirectly, be forwarded, published, reproduced, disseminated or quoted to any other person for any purpose without the prior written consent of MIM. Any forwarding, publication, distribution or reproduction of this document in whole or in part is unauthorized. Any failure to comply with this restriction may constitute a violation of applicable securities laws. Past performance is not indicative of future results. No representation is being made that any investment will or is likely to achieve profits or losses or that significant losses will be avoided. There can be no assurance that investments similar to those described in this document will be available in the future and no representation is made that future investments managed by MIM will have similar returns to those presented herein. All information has been presented in U.S. dollars. Actual returns may increase or decrease due to currency fluctuations. No offer to purchase or sell securities. This Presentation does not constitute an offer to sell or a solicitation of an offer to buy any security and may not be relied upon in connection with the purchase or sale of any security. No reliance, no update and use of information. You may not rely on this Presentation as the basis upon which to make an investment decision. To the extent that you rely on this Presentation in connection with any investment decision, you do so at your own risk. This Presentation is being provided in summary fashion and does not purport to be complete. The information in the Presentation is as of the date indicated on the cover of this document unless otherwise specified and MIM does not intend to update the information after its distribution, even in the event that the information becomes materially inaccurate. Certain information contained in this Presentation, includes performance and characteristics of MIM’s by independent third parties, or have been prepared internally and have not been audited or verified. Use of different methods for preparing, calculating or presenting information may lead to different results for the information presented, compared to publicly quoted information, and such differences may be material. Risk of loss. An investment in the strategy described herein is speculative and there can be no assurance that the strategy’s investment objectives will be achieved. Investors must be prepared to bear the risk of a total loss of their investment. No tax, legal or accounting advice. This Presentation is not intended to provide, and should not be relied upon for, accounting, legal or tax advice or investment recommendations. Any statements of U.S. federal tax consequences contained in this Presentation were not intended to be used and cannot be used to avoid penalties under the U.S. Internal Revenue Code or to promote, market or recommend to another party any tax-related matters addressed herein. L0122019422[exp0622][All States]169 30 Disclaimers Forward-Looking Statements. This document may contain or incorporate by reference information that includes or is based upon forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give expectations or forecasts of future events. These statements can be identified by the fact that they do not relate strictly to historical or current facts. They use words and terms such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” “will,” and other words and terms of similar meaning, or are tied to future periods in connection with a discussion of future performance. Forward-looking statements are based MIM’s assumptions and current expectations, which may be inaccurate, and on the current economic environment which may change. These statements are not guarantees of future performance. They involve a number of risks and uncertainties that are difficult to predict. Results could differ materially from those expressed or implied in the forward-looking statements. Risks, uncertainties and other factors that might cause such differences include, but are not limited to: (1) difficult conditions in the global capital markets; (2) changes in general economic conditions, including changes in interest rates or fiscal policies; (3) changes in the investment environment; (4) changed conditions in the securities or real estate markets; and (5) regulatory, tax and political changes. MIM does not undertake any obligation to publicly correct or update any forward-looking statement if it later becomes aware that such statement is not likely to be achieved. 170 31 End Notes Explanatory Note The following information is relevant to an understanding of our assets under management ("AUM"). Our definitions may differ from those used by other companies. Total Assets Under Management (“Total AUM”) is comprised of GA AUM plus Institutional Client AUM (each, as defined below). General Account AUM (“GA AUM”) is used by MetLife to describe assets in its general account ("GA") investment portfolio which are actively managed and stated at estimated fair value. GA AUM is comprised of GA total investments and cash and cash equivalents, excluding policy loans, other invested assets, contractholder-directed equity securities and fair value option securities, as substantially all of these assets are not actively managed in MetLife’s GA investment portfolio. Mortgage loans (including commercial, agricultural and residential) and real estate and real estate joint ventures included in GA AUM (at net asset value, net of deduction for encumbering debt) have been adjusted from carrying value to estimated fair value. Classification of GA AUM by sector is based on the nature and characteristics of the underlying investments which can vary from how they are classified under GAAP. Accordingly, the underlying investments within certain real estate and real estate joint ventures that are primarily commercial mortgage loans (at net asset value, net of deduction for encumbering debt) have been reclassified to exclude them from real estate equity and include them as commercial mortgage loans. Institutional Client AUM is comprised of SA AUM plus TP AUM (each, as defined below). MIM manages Institutional Client AUM in accordance with client guidelines contained in each investment contract (“Mandates”). Separate Account AUM (“SA AUM”) is comprised of separate account investment portfolios of MetLife insurance companies, which are managed by MetLife and included in MetLife, Inc.’s consolidated financial statements at estimated fair value. Third Party AUM (“TP AUM”) is comprised of non-proprietary assets managed by MetLife on behalf of unaffiliated/third party clients, which are stated at estimated fair value. Such non-proprietary assets are owned by unaffiliated/third-party clients and, accordingly, are not included in MetLife, Inc.’s consolidated financial statements. Additional information about MetLife’s general account investment portfolio is available in MetLife, Inc.’s quarterly financial materials for the quarter ended December 31, 2020, which may be accessed through MetLife’s Investor Relations web page at https://investor.metlife.com. 171 © 2021 MetLife Services and Solutions, LLC, New York, NY 10166 - All Rights Reserved. 172 PAYDEN.COM LOS ANGELES | BOSTON | LONDON | MILAN 4th Quarter 2021 QUARTERLY PORTFOLIO REVIEWQUARTERLY PORTFOLIO REVIEW Riverside County Transportation Commission ATTACHMENT 11 173 LETTER FROM THE CEO January 2022 Dear Client, As we complete another year and are still under the restrictions and challenges of Covid-19, we want to share with you the “state of the firm.” Since the firm’s inception 38 years ago, we have maintained a consistent ownership structure and culture, where competition is external and not internal. We are very pleased to report that this consistency has resulted in the firm’s most successful year, both from the standpoint of clients and internally, since our inception. Turning now to the U.S. and global economies, coronavirus disruptions have led to a change in consumer behavior that has exacerbated inflationary pressures worldwide. The situation has led to labor shortages and higher prices that central banks can no longer ignore. The Federal Reserve has accelerated the pace of tapering and signaled it would no longer wait for maximum employment before hiking interest rates. As a result, we expect to see three rate hikes this year, with the initial liftoff coming in June. On the other hand, the European Central Bank will be slower to move on interest rate policy as inflation readings in the region are primarily driven by energy-related commodities and have not had a significant impact on inflation expectations. We want to assure you that your portfolio has weathered these conditions as, over the last two years, lower interest rates and record fiscal stimulus have been crucial to investment results. Looking ahead, new variants of the virus and the gradual removal of central bank accommodation will continue to cause volatility in the markets. Against this background, we want to assure you that your portfolio is positioned to have liquidity for any unexpected conditions. As always, we are available to answer any questions or concerns. But, most importantly, our very best wishes for your health and safety in this new year. Warmest regards, Joan A. Payden President & CEO 174 ECONOMIC REVIEW AND OUTLOOK During the pandemic, many consumers have shifted their spending away from services towards goods. This shift in consumer behavior has been responsible for many economic woes, most notably inflation. Why? Some goods, particularly durable goods, take longer to create, meaning that the supply is relatively inelastic compared to demand. Add to that a shortage of port and warehouse workers around the world due to rolling waves of the virus, and you’ve got one big mess. The key question moving forward is whether this change in consumer behavior will be more persistent or whether we’ll see a return to services just as delayed goods producers’ supply catches up. Increased spending on goods has pushed prices higher 24% 26% 28% 30% 32% 34% 36% 61% 63% 65% 67% 69% 71% 73% 75% 2018 2019 2020 2021 Services (Left)Goods (Right) Source: U.S. Bureau of Economic Analysis Sh a r e o f N o m i n a l C o n s u m p t i o n CONSUMERS HAVE SHIFTED AWAY FROM SERVICES TOWARDS GOODS In response to the highest inflation readings in decades due in part to these consumer shifts, global central banks have pivoted to a more hawkish tone. U.S. central bankers accelerated the pace of tapering and signaled they would be open to hiking interest rates before the labor market reaches “maximum employment.” The median member of the Federal Open Market Committee now expects to hike rates three times before year-end 2022, up from just one hike at the September meeting. U.K. policymakers surprised markets as well by initiating a rates liftoff at their December meeting. The European Central Bank (ECB) announced it would halt its Pandemic Emergency Purchase Programme in March 2022, but is unlikely to hike next year as President Lagarde believes the ECB was “really making progress” toward hitting their 2% inflation target. Investors are watching these moves closely and and pulling forward interest rate hike expectations. ECONOMIC REVIEW AND OUTLOOKECONOMIC REVIEW AND OUTLOOK HIGH INFLATION READINGS ARE A GLOBAL PHENOMENON -4% -2% 0% 2% 4% 6% 8% 2003 2006 2009 2012 2015 2018 2021 U.S.U.K.*Euro Area High inflation readings are troubling central bankers Ch a n g e Y e a r - O v e r - Y e a r Source: Eurostat, Organization for Economic Co-operation and Development *U.K. data represent CPI instead of HCIP readings175 Riverside County Transportation Commission 2812 Portfolio Review and Market Update - 4th Quarter 2021 PORTFOLIO CHARACTERISTICS (As of 12/31/2021) $55.6 millionPortfolio Market Value AA+Weighted Average Credit Quality 1.60 yearsWeighted Average Duration 0.70%Weighted Average Yield to Maturity DURATION DISTRIBUTION 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 0 - 1 1 - 2 2 - 3 3+ Years SECTOR ALLOCATION 0% 10% 20% 30% 40% 50% 60% Tre a s u r i e s IG C o r p o r a t e s Mu n i c i p a l MB S AB S Ag e n c i e s PORTFOLIO RETURNS - Periods Ending 12/31/2021 Trailing 5 Yr 2021 Trailing 3 Yr 4th Quarter RCTC Operating Portfolio -0.46% -0.39% 2.25% 1.87% ICE BofA 1-3 Year US Treasury Index -0.53% -0.55% 2.01% 1.61% Periods over one year are annualized Payden & Rygel • 333 South Grand Avenue • Los Angeles, California 90071 • (213) 625-1900 • www.payden.com176 Portfolio Review and Market Update - 4th Quarter 2021 2812 MARKET THEMES Volatility increased across equity and bond markets in the last quarter of 2021. Covid-19’s newest variant, Omicron, spread rapidly across the globe and brought fresh doubts as to the likelihood of a global economic recovery, with countries re-imposing lockdowns and restrictions. In the U.S., inflation hit a 39-year high, pushing the Fed to initiate, and then speed up, the pace of its asset purchase “taper.” In addition, the median policy rate projection from the Fed increased to three hikes for 2022. As a result, the U.S. Treasury curve had a pronounced flattening over the quarter, with 1 to 5-year yields moving notably higher, while 10 to 30-year rates were relatively unchanged. STRATEGY We continue to emphasize a balance between credit diversification and quality using corporates, asset-backed securities (ABS) and mortgage-backed securities (MBS), to maintain various sources of high-quality income. n We utilized corporate issuance to optimize positioning and increased floating-rate securities to generate portfolio income without extending duration. n We continue to position the portfolio defensively to protect against higher interest rates. We accomplished this by maintaining a shorter duration position relative to the benchmark and holding an allocation to floating-rate securities. We increased our short positioning over the course of the quarter. n INTEREST RATES U.S. Treasury yields across the 1 to 5-year part of the curve rose dramatically during the quarter as market participants expected tighter monetary policy and a more aggressive path of rate hikes; a view that was eventually confirmed by the Fed in December. As market pricing of the hiking cycle was pulled forward, the short part of the curve steepened, while the long end flattened. Two and three-year Treasury yields rose by 45 bps to 0.73% and 0.96%, respectively. The slope between two- and five-year maturities flattened 16 bps to finish the quarter at 53 bps. n One-month LIBOR rose 2 bps to 0.10%, while three-month LIBOR was higher by 8 bps to 0.21%. The SOFR overnight rate finished the quarter unchanged at 0.05%, after moving down one basis point to 0.04%. n Portfolio duration and curve positioning were additive to relative performance as yields rose.n SECTORS We remain overweight, balanced, and diversified within credit sectors. Spreads across all credit sectors widened modestly during the quarter, which detracted from performance. Wider credit spreads were largely driven by increased supply but were also influenced by widespread market volatility. Floating-rate sectors outperformed, as rates rose and the yield curve steepened. Broad credit positioning was additive to performance for 2021. . That said, overall absolute portfolio performance was negative in Q4 as the rise in yields drove prices lower. Payden & Rygel • 333 South Grand Avenue • Los Angeles, California 90071 • (213) 625-1900 • www.payden.com177 LOS ANGELES 333 South Grand Avenue Los Angeles, California 90071 213 625-1900 BOSTON 265 Franklin Street Boston, Massachusetts 02110 617 807-1990 LONDON 1 Bartholmew Lane London EC2N 2AX UK +44 (0) 20-7621-3000 MILAN Corso Matteotti, 1 20121 Milan, Italy +39 02 76067111 OUR STRATEGIES Multi-Sector Short Maturity Bonds U.S. Core Bond Absolute Return Fixed Income Strategic Income Global Fixed Income Liability Driven Investing For more information about Payden & Rygel’s strategies, contact us at a location listed below. PAYDEN.COM LOS ANGELES |BOSTON |LONDON |MILAN OVER 35 YEARS OF INSPIRING CONFIDENCE WITH AN UNWAVERING COMMITMENT TO OUR CLIENTS’ NEEDS. Available in: Separate Accounts – Mutual Funds (U.S. and UCITS) Collective Trusts (“CITs”) – Customized Solutions Sector-Specific Emerging Markets Debt Government/Sovereign High Yield Bonds & Loans Inflation-Linked/TIPS Investment Grade Corporate Bonds Municipal Bonds (U.S.) Securitized Bonds Income-Focused Equities Equity Income 178 County of Riverside Treasurer-Tax Collector's Pooled Investment Fund December 2021 ATTACHMENT 12 179 Contents COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 1 2| Treasurer-Tax Collector’s Pooled Investment Fund 3| Economy 4| Market Data 6| Portfolio Data 8| Compliance Report 9| Month End Holdings 180 COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 2 The Treasurer’s Pooled Investment Fund is comprised of contributions from the county, schools, special districts, and other discretionary depositors throughout the County of Riverside. The primary objective of the Treasurer shall be to safeguard the principal of the funds under the Treasurer's control, meet the liquidity needs of the depositor, and to maximize a return on the funds within the given parameters. The Treasurer-Tax Collector and the Capital Markets team are committed to maintaining the highest credit ratings. The Treasurer’s Pooled Investment Fund is currently rated Aaa-bf by Moody’s Investor Service and AAAf/S1 by Fitch Ratings, two of the nation’s most trusted bond credit rating services. Since its inception, the Treasurer’s Pooled Investment Fund has been in full compliance with the Treasurer’s Statement of Investment Policy, which is more restrictive than California. Treasurer’s Statement Capital Markets Team Matt Jennings Treasurer-Tax Collector Giovane Pizano Assistant Treasurer John Byerly Chief Investment Officer Steve Faeth Senior Investment Officer Isela Licea Assistant Investment Officer Treasurer-Tax Collector’s Pooled Investment Fund 6-Month Pool Performance Market participants’ attention in Decem- ber was focused on the Federal Open Market Committee’s (FOMC) mid-month policy meeting, where some fairly signifi- cant changes to their monetary policy outlook were announced. The meeting made it clear that FOMC participants are focused on price stability even as the omicron variant poses downside risk to growth. This is welcome news for fixed income investors like the Treasurer-Tax Collector’s Pooled Investment Fund who can benefit from higher rates. Businesses across the economy, faced with labor shortages, are reluctant to re- duce staffing as they try to meet strong demand for goods and services. This has driven new unemployment claims to their lowest level since the late 1960s. Initial Jobless Claims totaled 198k in the week ending December 25th, down 8k from the prior period’s revised level. Continuing claims for state benefits fell to 1.72 million, the lowest since March of last year. The economic bright spot was a 0.4% decrease in the unemployment rate, as it dropped to 4.2% from 4.6%. This decline occurred due to a 542,000 drop in the number of unemployed, while the civilian labor force rose almost 600,000 and the participation rate increased to 61.8%. Locally, the unemployment rate in the Riverside-San Bernardino-Ontario area fell sharply to 5.4% from 6.3% the prior month, and 7.7% the prior year. According to the CPI index reported on December 10, US inflation grew at the fastest pace in nearly 40 years. The in- crease in prices was driven by broad ad- vances in most categories including gaso- line, shelter, food, and vehicles. Historical- ly, the Fed will raise interest rates to slow the economy and dampen inflation, and with the labor picture strong, they seem to have little reason not to move. On December 15, FOMC officials an- nounced they will double the pace of tapering asset purchases, which leaves them set to be completed in March and indicates an earlier liftoff to rate hikes than previously expected. The FOMC is now set to reduce asset purchases by $30 billion a month and their new “dot plot” chart supports the expectation of multiple interest rate hikes in 2022. Simply put, the Fed believes its inflation threshold has been met and the bar for rate hikes rests squarely on the progress of the labor mar- ket. With the Fed communicating their intent to raise rates sooner, bond yields rose substantially in December. As bond mar- ket investors “price in” expected rate changes, the 2-year Treasury yield in- creased in December, beginning the month at 0.56% and ending at 0.73%. The 5- year Treasury yield began the month at 1.14% and ended at 1.26%. Stocks shrugged off interest rate worries with the Dow Jones Industrial Average starting the month at 34,200 and ending at 36,300. Matt Jennings Treasurer-Tax Collector Monthly Commentary When Will the Fed Begin Hiking Interest Rates? Month End Market Value ($)* Month End Book Value ($) Paper Gain or Loss ($) Paper Gain or Loss (%) Book Yield (%) WAM (Yrs) Dec-21 11,219,005,977.66 11,247,581,460.79 (28,575,483.13) -0.254% 0.30 1.12 Nov-21 9,154,079,077.30 9,175,074,689.36 (20,995,612.06) -0.229% 0.33 1.31 Oct-21 9,422,575,640.92 9,437,887,551.30 (15,311,910.38) -0.162% 0.30 1.27 Sep-21 9,560,644,555.86 9,562,128,367.46 (1,483,811.61) -0.015% 0.28 1.19 Aug-21 9,005,666,395.48 8,998,636,800.02 7,029,595.46 0.078% 0.29 1.21 Jul-21 8,738,462,044.75 8,729,419,196.20 9,042,848.55 0.104% 0.30 1.24 *Market values do not include accrued interest. 181 COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 3 Economy Private Sector Average Hourly Earnings Y/Y Nonfarm Payrolls Total M/M Change SA Durable Goods Percent Chg. Y/Y New Home Sales SAAR Key Economic Indicators Release Date Indicator Actual Consensus Prior Year 12/22/2021 Real GDP - Q/Q Change 2.3% 2.1% 33.4% 12/03/2021 Unemployment Rate - Seasonally Adjusted 4.2% 4.5% 6.7% 12/03/2021 Non-Farm Payrolls - M/M Change - Thousands 210 550 245 12/10/2021 CPI - Y/Y Change 6.8% 6.8% 1.2% 12/10/2021 CPI Ex Food and Energy - Y/Y Change 4.9% 4.9% 1.6% 12/03/2021 ISM Non-Manufacturing Index (> 50 indicates growth) 69.1 65.0 55.9 12/23/2021 New Home Sales - SAAR - Thousands 744 770 841 12/03/2021 Factory Orders - M/M Change 1.4% 0.5% 1.0% 12/03/2021 Durable Goods Orders - New Orders - M/M Change -0.4% -0.5% 1.3% *Note: 'Prior Year' displays final estimates of indicator values from the equivalent period of the prior year. 182 COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 4 The US Treasury Curve and its values are subject to frequent change and will be updated monthly with each issued TPIF report. Market Data Federal Open Market Committee Meeting The FOMC stated that with progress on vaccinations and strong policy support, indicators of economic activity and employment have continued to strengthen, but risks to the economic outlook remain, including from new variants of the virus. The FOMC maintained the Fed Funds Target Range of 0.0-0.25% The FOMC stated in their December statement, they will reduce the monthly pace of its net assets purchases by $20 billion for Treasury securities and $10 billion for agency mortgage-backed securities. The FOMC is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals . Fed Funds Target Rate (Upper Limit) 183 * Values listed for commodities and stocks are in US dollars and are as of the final business day of each month. COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 5 U.S. Treasuries Market Data cont’d Commodities Stocks 184 The County of Riverside’s Treasurer’s Pooled Investment Fund is currently rated AAA-bf by Moody’s Investor Service and AAAf/S1 by Fitch Ratings. Moody’s Asset Rating (000’s) S&P Asset Rating (000’s) COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 6 Portfolio Data Based on historic and current financial conditions within the County, the Pool is expected to maintain sufficient liquidity of funds to cover County expenses for the next twelve months. * Values listed in Cash Flow Table are in millions of USD. 12-Month Projected Cash Flow Month Monthly Re- ceipts Monthly Dis- bursements Difference Required Matured In- vestments Balance Actual In- vestments Maturing Available to Invest > 1 Year 01/2021 625.17 01/2022 1,150.00 2,000.00 -850.00 224.83 - 3,070.64 02/2022 1,100.00 1,500.00 -400.00 400.00 - 760.00 03/2022 1,300.00 1,551.62 -251.62 251.62 - 678.00 04/2022 2,476.30 1,542.08 934.22 934.22 145.40 05/2022 1,700.00 2,200.00 -500.00 434.22 1,007.00 06/2022 2,000.00 2,400.00 -400.00 34.22 394.25 07/2022 1,500.00 1,800.00 -300.00 265.78 - 258.77 08/2022 1,398.14 1,552.97 -154.83 154.83 - 190.23 09/2022 2,050.00 1,804.41 245.59 245.59 250.50 10/2022 1,500.00 1,700.00 -200.00 45.59 277.31 11/2022 1,600.00 1,700.00 -100.00 54.41 - 455.00 12/2022 3,500.00 1,800.00 1700.00 1,700.00 103.25 TOTALS 21,274.44 21,551.08 (276.64) 1,351.47 4,019.01 7,590.34 9,896.11 12.02% 67.48% 87.98% 185 Asset Maturity Distribution (Par Value, 000’s) Portfolio Data cont’d TIMMI The Treasurer’s Institutional Money Market Index (TIMMI) is a composite index of four AAA rated prime institutional money market funds. Their average yield is compared to the yield of the Treasurer’s Pooled Investment Fund in the above graph. Asset Allocation (000’s) COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 7 Assets (000's) Scheduled Par Scheduled Book Scheduled Market Mkt/Book WAL(Yr) Mat(Yr) REPO 300,000.00 300,000.00 300,000.00 100.00% 0.038 0.038 MMKT 755,850.06 756,000.00 756,000.00 100.00% 0.003 0.003 CALTRUST FND 93,213.17 94,017.20 94,017.20 100.00% 0.003 0.003 DDA/PASSBK 500,000.00 500,000.00 500,000.00 100.00% 0.003 0.003 US TREAS BILLS 945,000.00 944,171.06 944,332.07 100.02% 0.443 0.443 US TREAS BONDS 1,435,000.00 1,433,977.85 1,426,343.97 99.47% 2.014 2.014 FHLMC BONDS 470,710.00 470,276.36 465,182.30 98.92% 1.784 2.725 FNMA BONDS 474,751.00 475,556.58 469,641.36 98.76% 1.871 3.075 FHLB DISC NOTES 50,000.00 49,967.64 49,958.50 99.98% 0.441 0.441 FHLB BONDS 1,048,921.25 1,048,386.86 1,039,948.45 99.20% 2.500 3.425 FFCB DISC NOTES 92,000.00 91,962.39 91,986.33 100.03% 0.180 0.180 FFCB BONDS 519,768.00 519,458.10 517,462.68 99.62% 1.403 2.125 FARMER MAC 10,000.00 9,947.90 10,337.40 103.92% 1.496 1.496 MUNI BONDS 280,305.00 281,285.09 281,285.09 100.00% 1.313 1.313 COMM PAPER 1,864,940.00 1,864,293.49 1,864,705.57 100.02% 0.127 0.127 NCDS 2,233,400.00 2,233,419.14 2,233,419.14 100.00% 0.440 0.440 IBRD DISC NOTES 100,000.00 99,943.13 99,927.25 99.98% 0.435 0.435 IFC BONDS 75,000.00 74,918.68 74,458.68 99.39% 2.74 2.74 Totals (000's): 11,248,858.48 11,247,581.46 11,219,005.98 99.75% 0.92 1.12 186 Compliance Status: Full Compliance The Treasurer’s Pooled Investment Fund was in full compliance with the County of Riverside’s Treasurer’s State- ment of Investment Policy. The County’s Statement of Investment Policy is more restrictive than California Gov- ernment Code 53646. The County’s Investment Policy is reviewed annually by the County of Riverside’s Over- sight Committee and approved by the Board of Supervisors. 1 Money Market Mutual Funds maturity may be interpreted as a weighted average maturity not exceeding 60 days. 2 Or must have an investment advisor with no fewer than 5 years experience and with assets under management of $500,000,000 USD. THIS COMPLETES THE REPORT REQUIREMENTS OF CALIFORNIA GOVERNMENT CODE 53646. COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 8 Compliance Report GOVERNMENT CODE COUNTY INVESTMENT POLICY Investment Category Maximum Remaining Maturity Authorized % Limit S&P/ Moody's Maximum Remaining Maturity Authorized % Limit S&P/Moody's/ Fitch Actual % MUNICIPAL BONDS (MUNI) 5 YEARS NO LIMIT NA 4 YEARS 15% AA-/Aa3/AA- 2.50% U.S. TREASURIES 5 YEARS NO LIMIT NA 5 YEARS 100% NA 21.14% LOCAL AGENCY OBLIGATIONS (LAO) 5 YEARS NO LIMIT NA 3 YEARS 2.50% INVESTMENT GRADE 0.00% FEDERAL AGENCIES 5 YEARS NO LIMIT AAA 5 YEARS 100% NA 23.70% COMMERCIAL PAPER (CP) 270 DAYS 40% A1/P1 270 DAYS 40% A1/P1/F1 16.58% CERTIFICATE & TIME DE- POSITS (NCD & TCD) 5 YEARS 30% NA 1 YEAR 25% Combined A1/P1/F1 19.86% INT'L BANK FOR RECON- STRUCTION AND DEVELOP- MENT AND INT'L FINANCE CORPORATION NA NA NA 4 YEARS 20% AA/Aa/AA 1.55% REPURCHASE AGREEMENTS (REPO) 1 YEARS NO LIMIT NA 45 DAYS 40% max, 25% in term repo over 7 days A1/P1/F1 2.67% REVERSE REPOS 92 DAYS 20% NA 60 DAYS 10% NA 0.00% MEDIUM TERM NOTES (MTNO) 5 YEARS 30% A 3 YEARS 20% AA/Aa2/AA 0.00% CALTRUST SHORT TERM FUND NA NA NA DAILY LIQUIDITY 1.00% NA 0.84% MONEY MARKET MUTUAL FUNDS (MMF) 60 DAYS(1) 20% AAA/Aaa (2) DAILY LIQUIDITY 20% AAA by 2 Of 3 RATINGS AGC. 6.72% LOCAL AGENCY INVESTMENT FUND (LAIF) NA NA NA DAILY LIQUIDITY Max $50 million NA 0.00% CASH/DEPOSIT AC- COUNT NA NA NA NA NA NA 4.45% 187 Description Maturity Date Coupon Par Value Book Value Market Price Market Value Unrealized Gain/Loss BMO BNY TRI PARTY REPO 01/14/2022 .045 300,000,000.00 300,000,000.00 100.000000 300,000,000.00 0.00 .045 300,000,000.00 300,000,000.00 100.000000 300,000,000.00 0.00 FIDELITY GOV 01/01/2022 .010 1,000,000.00 1,000,000.00 100.000000 1,000,000.00 0.00 FEDERATED GOV 01/01/2022 .025 11,000,000.00 11,000,000.00 100.000000 11,000,000.00 0.00 WELLS FARGO GOV 01/01/2022 .025 111,000,000.00 111,000,000.00 100.000000 111,000,000.00 0.00 BLACKROCK GOV 01/01/2022 .025 111,000,000.00 111,000,000.00 100.000000 111,000,000.00 0.00 GOLDMAN SACHS GOV 01/01/2022 .026 31,000,000.00 31,000,000.00 100.000000 31,000,000.00 0.00 MORGAN STANLEY PRIME 01/01/2022 .060 49,990,002.00 50,000,000.00 100.020000 50,000,000.00 0.00 JPM PRIME - UNITY NATIONAL BANK 01/01/2022 .066 99,960,015.99 100,000,000.00 100.040000 100,000,000.00 0.00 JPM GOV-LIBERY BANK AND TRUST 01/01/2022 .026 91,000,000.00 91,000,000.00 100.000000 91,000,000.00 0.00 JPM PRIME-LIBERTY BANK AND TRUST 01/01/2022 .066 49,980,008.00 50,000,000.00 100.040000 50,000,000.00 0.00 JPM PRIME-MECHANICS AND FARMERS 01/01/2022 .066 99,960,015.99 100,000,000.00 100.040000 100,000,000.00 0.00 JPM PRIME-THE HARBOR BANK OF MAR 01/01/2022 .066 99,960,015.99 100,000,000.00 100.040000 100,000,000.00 0.00 .046 755,850,057.97 756,000,000.00 100.019838 756,000,000.00 0.00 CALTRUST SHT TERM FUND 01/01/2022 .155 93,213,169.12 94,017,200.84 100.862573 94,017,200.84 0.00 .155 93,213,169.12 94,017,200.84 100.862573 94,017,200.84 0.00 BANK OF THE WEST 01/01/2022 .070 500,000,000.00 500,000,000.00 100.000000 500,000,000.00 0.00 .070 500,000,000.00 500,000,000.00 100.000000 500,000,000.00 0.00 PACIFIC PREMIER BANK 01/01/2022 1.530 0.00 0.00 .000000 0.00 0.00 FIRST REPUBLIC BANK 01/01/2022 1.515 0.00 0.00 .000000 0.00 0.00 UB MANAGED RATE 01/01/2022 .069 0.00 0.00 .000000 0.00 0.00 .000 0.00 0.00 .000000 0.00 0.00 U.S. TREASURY BILL 02/24/2022 .052 50,000,000.00 49,975,930.00 99.996000 49,998,000.00 22,070.00 U.S. TREASURY BILL 02/24/2022 .055 50,000,000.00 49,975,128.47 99.996000 49,998,000.00 22,871.53 U.S. TREASURY BILL 03/24/2022 .057 50,000,000.00 49,972,377.78 99.988000 49,994,000.00 21,622.22 U.S. TREASURY BILL 03/24/2022 .032 50,000,000.00 49,986,218.75 99.988000 49,994,000.00 7,781.25 U.S. TREASURY BILL 06/16/2022 .070 50,000,000.00 49,964,661.67 99.940000 49,970,000.00 5,338.33 U.S. TREASURY BILL 02/24/2022 .050 75,000,000.00 74,974,375.00 99.996000 74,997,000.00 22,625.00 U.S. TREASURY BILL 10/06/2022 .118 25,000,000.00 24,971,767.36 99.909264 24,977,315.97 5,548.61 U.S. TREASURY BILL 01/11/2022 .053 35,000,000.00 34,996,120.83 99.998542 34,999,489.58 3,368.75 U.S. TREASURY BILL 02/22/2022 .050 50,000,000.00 49,991,875.00 99.992778 49,996,388.89 4,513.89 U.S. TREASURY BILL 10/06/2022 .116 110,000,000.00 109,878,425.56 99.910422 109,901,464.45 23,038.89 U.S. TREASURY BILL 12/01/2022 .240 25,000,000.00 24,939,333.25 99.777333 24,944,333.26 5,000.01 U.S. TREASURY BILL 11/03/2022 .200 50,000,000.00 49,907,777.78 99.830000 49,915,000.00 7,222.22 U.S. TREASURY BILL 04/12/2022 .077 25,000,000.00 24,993,719.44 99.981000 24,995,250.00 1,530.56 U.S. TREASURY BILL 10/06/2022 .200 25,000,000.00 24,958,888.89 99.845556 24,961,388.89 2,500.00 U.S. TREASURY BILL 05/26/2022 .093 25,000,000.00 24,989,529.51 99.962743 24,990,685.76 1,156.25 U.S. TREASURY BILL 06/23/2022 .158 25,000,000.00 24,980,258.00 99.920000 24,980,000.00 -258.00 U.S. TREASURY BILL 05/19/2022 .093 50,000,000.00 49,981,787.50 99.963000 49,981,500.00 -287.50 U.S. TREASURY BILL 06/30/2022 .200 50,000,000.00 49,949,444.44 99.909000 49,954,500.00 5,055.56 U.S. TREASURY BILL 05/19/2022 .093 50,000,000.00 49,982,013.89 99.963000 49,981,500.00 -513.89 U.S. TREASURY BILL 05/19/2022 .093 25,000,000.00 24,991,006.94 99.963000 24,990,750.00 -256.94 U.S. TREASURY BILL 12/29/2022 .375 50,000,000.00 49,810,416.67 99.623000 49,811,500.00 1,083.33 .113 945,000,000.00 944,171,056.73 99.929319 944,332,066.80 161,010.07 U.S. TREASURY BOND 11/30/2024 1.500 25,000,000.00 24,705,078.13 101.598000 25,399,500.00 694,421.87 U.S. TREASURY BOND 01/31/2026 .375 10,000,000.00 9,897,265.63 96.789000 9,678,900.00 -218,365.63 U.S. TREASURY BOND 01/31/2026 .375 10,000,000.00 9,894,140.63 96.789000 9,678,900.00 -215,240.63 U.S. TREASURY BOND 02/15/2024 .125 25,000,000.00 24,930,664.06 98.711000 24,677,750.00 -252,914.06 U.S. TREASURY BOND 04/30/2025 .375 15,000,000.00 14,956,640.63 97.813000 14,671,950.00 -284,690.63 U.S. TREASURY BOND 02/15/2026 1.625 10,000,000.00 10,401,560.00 101.766000 10,176,600.00 -224,960.00 U.S. TREASURY BOND 02/15/2026 1.625 10,000,000.00 10,466,015.63 101.766000 10,176,600.00 -289,415.63 U.S. TREASURY BOND 07/31/2025 .250 25,000,000.00 24,537,109.38 97.035000 24,258,750.00 -278,359.38 U.S. TREASURY BOND 02/28/2026 .500 20,000,000.00 19,910,508.60 97.207000 19,441,400.00 -469,108.60 U.S. TREASURY BOND 02/28/2025 1.125 10,000,000.00 10,231,250.00 100.383000 10,038,300.00 -192,950.00 U.S. TREASURY BOND 03/15/2024 .250 50,000,000.00 49,945,312.50 98.820000 49,410,000.00 -535,312.50 U.S. TREASURY BOND 03/31/2025 .500 25,000,000.00 24,855,468.75 98.371000 24,592,750.00 -262,718.75 U.S. TREASURY BOND 03/31/2023 .125 50,000,000.00 49,966,796.88 99.543000 49,771,500.00 -195,296.88 U.S. TREASURY BOND 03/31/2025 .500 25,000,000.00 24,882,812.50 98.371000 24,592,750.00 -290,062.50 U.S. TREASURY BOND 03/31/2023 .125 50,000,000.00 49,978,515.63 99.543000 49,771,500.00 -207,015.63 U.S. TREASURY BOND 05/31/2022 .125 50,000,000.00 50,035,156.25 99.984000 49,992,000.00 -43,156.25 U.S. TREASURY BOND 05/31/2022 .125 50,000,000.00 50,029,296.88 99.984000 49,992,000.00 -37,296.88 U.S. TREASURY BOND 05/31/2022 .125 75,000,000.00 75,043,945.31 99.984000 74,988,000.00 -55,945.31 U.S. TREASURY BOND 06/30/2026 .875 20,000,000.00 19,993,166.80 98.469000 19,693,800.00 -299,366.80 U.S. TREASURY BOND 06/30/2026 .875 35,000,000.00 34,946,679.69 98.469000 34,464,150.00 -482,529.69 U.S. TREASURY BOND 06/30/2022 .125 30,000,000.00 30,014,062.50 99.961000 29,988,300.00 -25,762.50 U.S. TREASURY BOND 12/31/2025 .375 25,000,000.00 24,652,343.75 96.973000 24,243,250.00 -409,093.75 U.S. TREASURY BOND 08/31/2026 .750 25,000,000.00 24,900,416.25 97.820000 24,455,000.00 -445,416.25 U.S. TREASURY BOND 09/15/2024 .375 25,000,000.00 24,952,148.44 99.808594 24,952,148.44 0.00 U.S. TREASURY BOND 03/31/2026 .750 25,000,000.00 25,039,062.50 98.152000 24,538,000.00 -501,062.50 U.S. TREASURY BOND 09/15/2024 .375 25,000,000.00 24,953,125.00 99.812500 24,953,125.00 0.00 U.S. TREASURY BOND 08/31/2026 .750 25,000,000.00 24,817,382.81 97.820000 24,455,000.00 -362,382.81 U.S.. TREASURY BOND 09/30/2026 .875 20,000,000.00 19,895,833.60 99.479168 19,895,833.60 0.00 U.S. TREASURY BOND 09/30/2025 .250 25,000,000.00 24,445,312.50 96.875000 24,218,750.00 -226,562.50 U.S. TREASURY BOND 10/31/2023 1.625 20,000,000.00 20,536,718.75 101.691000 20,338,200.00 -198,518.75 U.S. TREASURY BOND 07/31/2023 1.250 50,000,000.00 50,818,359.38 101.008000 50,504,000.00 -314,359.38 U.S. TREASURY BOND 05/15/2023 .125 50,000,000.00 49,867,187.50 99.430000 49,715,000.00 -152,187.50 U.S. TREASURY BOND 09/30/2025 .250 25,000,000.00 24,323,242.19 96.875000 24,218,750.00 -104,492.19 U.S. TREASURY BOND 04/15/2023 .250 25,000,000.00 24,994,140.63 99.668000 24,917,000.00 -77,140.63 U.S. TREASURY BOND 02/28/2023 2.625 25,000,000.00 25,803,710.94 102.473000 25,618,250.00 -185,460.94 U.S. TREASURY BOND 04/30/2023 .125 25,000,000.00 24,930,664.06 99.469000 24,867,250.00 -63,414.06 U.S. TREASURY BOND 05/31/2023 .125 25,000,000.00 24,917,968.75 99.383000 24,845,750.00 -72,218.75 U.S. TREASURY BOND 03/31/2023 .125 25,000,000.00 24,941,406.25 99.543000 24,885,750.00 -55,656.25 U.S. TREASURY BOND 10/15/2024 .625 25,000,000.00 24,905,273.44 99.621094 24,905,273.44 0.00 U.S. TREASURY BOND 07/31/2023 .125 25,000,000.00 24,885,742.19 99.542969 24,885,742.19 0.00 U.S. TREASURY BILL 01/31/2023 .125 50,000,000.00 49,916,015.63 99.656000 49,828,000.00 -88,015.63 U.S. TREASURY BOND 02/28/2023 .125 50,000,000.00 49,882,812.50 99.590000 49,795,000.00 -87,812.50 1310: U.S. TREASURY BOND 91282CCD1 91282CBU4 91282CCN9 91282CBG5 1170: MGD RATE-A/360 CASH CASH 1300: U.S. TREASURY BILL 91282CCJ8 91282CCJ8 91282CBC4 91282CCW9 91282CBU4 912828ZR4 912796H44 912796M89 912796F38 912796D30 912796Q36 912796R43 FRGXX WFFXX 1080: MGD RATE-A/365-6 1060: MMKT ACCTS-A/365-6 48123X819 48123X819 48123X819 4812CA538 48123X819 1065: CLTR-A/365-6 91282CBH3 912828YV6 CLTR 912796R92 912796T82 912796N96 91282CBX8 TFDXX 91282CAM3 912828ZH6 912828ZF0 91282CBR1 91282CBH3 91282CBQ3 91282CBM2 912828ZL7 912828ZR4 912828ZC7 912828P46 912828P46 912828ZR4 .301 1.164 1.162 .384 1.578 1.581 .259 1.081 1.085 .288 1.247 1.247 .754 2.755 2.792 .307 1.330 1.329 .330 1.413 1.414 .266 1.285 1.288 .254 1.146 1.162 .293 1.369 1.370 .950 3.715 3.751 .319 1.807 1.833 .334 1.562 1.581 2.710 .982 4.630 4.751 .815 3.717 3.751 4.564 4.668 .715 4.168 4.249 .902 4.562 4.668 .438 2.686 .439 2.686 2.710 .906 4.402 4.499 .700 3.960 4.003 .832 .077 .495 .496 .065 .413 .414 .882 4.403 4.499 .054 .413 .414 .066 .413 .414 .619 3.214 3.249 .147 1.248 1.247 .647 3.213 3.249 .159 1.248 1.247 .539 3.101 3.164 .287 2.196 2.205 .675 3.554 3.584 .591 4.110 4.164 .799 3.967 4.129 .670 3.970 4.129 .219 2.117 2.126 .586 4.038 .445 3.306 3.332 1.751 2.836 2.918 4.088 .593 4.038 4.088 .113 .442 .443 .093 .380 .381 .376 .990 .995 .200 .495 .496 .093 .380 .381 .156 .476 .477 .093 .380 .381 .200 .762 .764 .093 .399 .400 .200 .839 .841 .076 .279 .279 .116 .763 .764 .241 .915 .918 .053 .030 .030 .050 .145 .145 .050 .151 .151 .118 .763 .764 .227 .227 .070 .457 .458 912796F38 912796J42 .032 .151 .151 .055 .150 .151 .057 .227 .227 .052 .000 .003 .000 .000 .000 .069 1.530 .000 .003 1.515 .000 .003 .070 .003 .003 .070 .003 .003 .109 .003 .003 .109 .045 .003 .003 .003 .003 .064 .003 .003 .003 .003 .003 .064 .003 .003 .026 .003 .003 .003 .003 .003.026 .003 .003.059 .003 .025 .003 .003 .010 .003 .003.025 .038.045 .038 .038 Fund: 1 POOL FUND 1000: REPOS-A/360 REPO .045 .038 91282CAB7 .003 .025 .003 .064 .003 .064 Yield To Mat Modified Duration Years To Maturity Month End Portfolio Holdings CUSIP 912796P94 912796M89 912796H44 912796R50 912796D30 CASH 912828T91 GOFXX 912796Q69 91282CAM3 912828ZF0 91282CBU4 912828ZX1 FGTXX MVRXX CASH 912796D30 912796M89 91282CCZ2 9128284A5 91282CDB4 912828S92 912828ZP8 912796H44 912796R27 91282CCX7 91282CBT7 91282CCW9 91282CCX7 91282CBN0 COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 9 188 Description Maturity Date Coupon Par Value Book Value Market Price Market Value Unrealized Gain/Loss Yield To Mat Modified Duration Years To Maturity Month End Portfolio Holdings CUSIP U.S. TREASURY BOND 06/15/2023 .250 50,000,000.00 49,830,078.13 99.539000 49,769,500.00 -60,578.13 U.S. TREASURY BOND 06/30/2022 .125 25,000,000.00 24,997,070.31 99.961000 24,990,250.00 -6,820.31 U.S. TREASURY BOND 11/30/2022 .125 50,000,000.00 49,906,250.00 99.773000 49,886,500.00 -19,750.00 U.S. TREASURY BOND 06/15/2022 1.750 50,000,000.00 50,394,531.25 100.723000 50,361,500.00 -33,031.25 U.S. TREASURY BOND 05/31/2023 .125 25,000,000.00 24,849,609.38 99.383000 24,845,750.00 -3,859.38 .473 1,435,000,000.00 1,433,977,852.51 99.396793 1,426,343,972.67 -7,633,879.84 FHLMC 5YrNc9MoB 08/19/2025 .625 10,000,000.00 10,000,000.00 98.183000 9,818,300.00 -181,700.00 .625 10,000,000.00 10,000,000.00 98.183000 9,818,300.00 -181,700.00 FHLMC 5YrNc1YrQ 05/27/2025 .750 10,000,000.00 10,000,000.00 99.163000 9,916,300.00 -83,700.00 FHLMC 5YrNc1YrQ 05/28/2025 .730 10,000,000.00 10,000,000.00 99.091000 9,909,100.00 -90,900.00 FHLMC 5YrNc1YrQ 05/28/2025 .730 5,000,000.00 5,000,000.00 99.091000 4,954,550.00 -45,450.00 FHLMC 4YrNc2YrO 06/03/2024 .500 10,000,000.00 10,000,000.00 99.304000 9,930,400.00 -69,600.00 FHLMC 4.9YrNc11MoB 05/28/2025 .750 15,000,000.00 14,992,500.00 99.092000 14,863,800.00 -128,700.00 FHLMC 5YrNc2YrB 06/09/2025 .650 15,000,000.00 15,000,000.00 98.562000 14,784,300.00 -215,700.00 FHLMC 4YrNc2YrO 07/01/2024 .500 5,000,000.00 5,000,000.00 99.056000 4,952,800.00 -47,200.00 FHLMC 4YrNc1YrQ 07/15/2024 .570 5,000,000.00 5,000,000.00 100.011000 5,000,550.00 550.00 FHLMC 3.5YrNc1.5YrB 01/24/2024 .420 15,000,000.00 15,000,000.00 99.666000 14,949,900.00 -50,100.00 FHLMC 3.75YrNC9MB 04/29/2024 .500 15,000,000.00 15,000,000.00 99.494000 14,924,100.00 -75,900.00 FHLMC 4.5YrNc2YrB 01/29/2025 .510 15,000,000.00 15,000,000.00 98.606000 14,790,900.00 -209,100.00 FHLMC 4YrNc1.5YrQ 09/10/2024 .400 10,000,000.00 10,000,000.00 98.357000 9,835,700.00 -164,300.00 FHLMC 4YrNc6MoQ 09/10/2024 .450 10,000,000.00 10,000,000.00 98.910000 9,891,000.00 -109,000.00 FHLMC 4YrNc1.5YrQ 09/10/2024 .400 10,000,000.00 10,000,000.00 98.357000 9,835,700.00 -164,300.00 FHLMC 4YrNc6MoQ 09/11/2024 .450 10,000,000.00 10,000,000.00 98.907000 9,890,700.00 -109,300.00 FHLMC 5YrNc2YrQ 09/15/2025 .540 10,000,000.00 10,000,000.00 97.807000 9,780,700.00 -219,300.00 FHLMC 5YrNc2YrQ 09/15/2025 .540 15,000,000.00 15,000,000.00 97.807000 14,671,050.00 -328,950.00 FHLMC 4.75YrNc2YrQ 06/16/2025 .500 5,000,000.00 5,000,000.00 97.977000 4,898,850.00 -101,150.00 FHLMC 4.5YrNc1YrQ 03/24/2025 .475 15,000,000.00 15,000,000.00 98.157000 14,723,550.00 -276,450.00 FHLMC 3.75YrNc1YrQ 06/24/2024 .410 10,000,000.00 10,000,000.00 99.041000 9,904,100.00 -95,900.00 FHLMC 5YrNC1.5YrB 03/28/2025 .500 10,000,000.00 10,000,000.00 98.218000 9,821,800.00 -178,200.00 FHLMC 5YrNC6mOB 09/30/2025 .600 5,000,000.00 5,000,000.00 97.978000 4,898,900.00 -101,100.00 FHLMC 5YrNC3MoB 10/27/2025 .625 10,000,000.00 10,000,000.00 98.021000 9,802,100.00 -197,900.00 FHLMC 5YrNc1YrQ 10/28/2025 .600 10,000,000.00 10,000,000.00 97.894000 9,789,400.00 -210,600.00 FHLMC 5YrNc2YrQ 10/28/2025 .550 10,000,000.00 10,000,000.00 97.734000 9,773,400.00 -226,600.00 FHLMC 5Yr 09/23/2025 .375 10,000,000.00 9,941,100.00 97.315000 9,731,500.00 -209,600.00 FHLMC 3Yr 11/06/2023 .250 10,000,000.00 9,991,000.00 99.126000 9,912,600.00 -78,400.00 FHLMC 5YrNc1YrQ 11/12/2025 .600 5,000,000.00 5,000,000.00 97.651000 4,882,550.00 -117,450.00 FHLMC 5YrNc1YrQ 11/12/2025 .600 5,000,000.00 5,000,000.00 97.651000 4,882,550.00 -117,450.00 FHLMC 3YrNC2YrA 11/16/2023 .300 15,000,000.00 14,988,750.00 99.271000 14,890,650.00 -98,100.00 FHLMC 5YrNC2YrA 11/17/2025 .560 5,000,000.00 5,000,000.00 97.855000 4,892,750.00 -107,250.00 FHLMC 5YrNC2YrA 11/17/2025 .560 5,000,000.00 5,000,000.00 97.855000 4,892,750.00 -107,250.00 FHLMC 2YrNc1YrQ 11/23/2022 .190 10,000,000.00 10,000,000.00 99.945000 9,994,500.00 -5,500.00 FHLMC 3YrNc1YrQ 11/24/2023 .320 10,000,000.00 9,997,500.00 99.267000 9,926,700.00 -70,800.00 FHLMC 2YrNc1YrQ 11/23/2022 .200 10,000,000.00 10,000,000.00 99.881000 9,988,100.00 -11,900.00 FHLMC 2YrNc1YrQ 11/23/2022 .200 10,000,000.00 10,000,000.00 99.881000 9,988,100.00 -11,900.00 FHLMC 3.5YrNc11MoQ 05/24/2024 .400 10,000,000.00 10,000,000.00 99.317000 9,931,700.00 -68,300.00 FHLMC 3.5YrNc11MoQ 05/24/2024 .400 10,000,000.00 10,000,000.00 99.317000 9,931,700.00 -68,300.00 FHLMC 2.5YrNC1YrB 06/01/2023 .250 10,000,000.00 9,997,500.00 99.772000 9,977,200.00 -20,300.00 FHLMC 3YrNC11MoB 11/24/2023 .320 10,710,000.00 10,707,322.50 99.267000 10,631,495.70 -75,826.80 FHLMC 2.5YrNC1YrB 06/01/2023 .250 10,000,000.00 9,995,000.00 99.772000 9,977,200.00 -17,800.00 FHLMC 2.5YrNC1YrB 06/01/2023 .250 10,000,000.00 9,998,500.00 99.772000 9,977,200.00 -21,300.00 FHLMC 2YrNc1YrQ 12/15/2022 .200 10,000,000.00 10,000,000.00 99.876000 9,987,600.00 -12,400.00 FHLMC 5YrNC3MoB 12/30/2025 .700 10,000,000.00 10,000,000.00 98.459000 9,845,900.00 -154,100.00 FHLMC 2.5YrNC1YrB 06/30/2023 .220 10,000,000.00 10,000,000.00 99.540000 9,954,000.00 -46,000.00 FHLMC 3.83YrNc1MoQ 10/22/2025 .650 15,000,000.00 14,667,187.50 97.824000 14,673,600.00 6,412.50 .461 460,710,000.00 460,276,360.00 98.839616 455,363,995.70 -4,912,364.30 FNMA 5Yr 01/19/2023 2.375 10,000,000.00 9,944,100.00 102.054000 10,205,400.00 261,300.00 FNMA 4.41Yr 09/12/2023 2.875 30,000,000.00 30,670,500.00 103.698000 31,109,400.00 438,900.00 FNMA 4.83Yr 01/07/2025 1.625 10,000,000.00 10,247,300.00 101.827000 10,182,700.00 -64,600.00 FNMA 5YrNc2YrQ 06/30/2025 .650 5,000,000.00 5,000,000.00 98.283000 4,914,150.00 -85,850.00 FNMA 5YrNc1YrQ 06/30/2025 .740 5,000,000.00 5,000,000.00 98.596000 4,929,800.00 -70,200.00 FNMA 5YrNc1YrQ 07/07/2025 .740 14,900,000.00 14,900,000.00 98.588000 14,689,612.00 -210,388.00 FNMA 5YrNc1YrQ 07/15/2025 .730 15,000,000.00 15,000,000.00 98.552000 14,782,800.00 -217,200.00 FNMA 5YrNc1YrB 07/29/2025 .700 15,000,000.00 15,000,000.00 98.435000 14,765,250.00 -234,750.00 FNMA 5YrNc2YrB 07/29/2025 .600 10,000,000.00 10,000,000.00 98.085000 9,808,500.00 -191,500.00 FNMA 5YrNc2YrB 07/29/2025 .600 10,000,000.00 10,000,000.00 98.085000 9,808,500.00 -191,500.00 FNMA 5YrNc1YrB 08/04/2025 .700 10,000,000.00 10,000,000.00 98.437000 9,843,700.00 -156,300.00 FNMA 5YrNc1YrB 08/04/2025 .700 15,000,000.00 15,000,000.00 98.437000 14,765,550.00 -234,450.00 FNMA 4YrNc2YrB 08/12/2024 .410 15,000,000.00 15,000,000.00 98.743000 14,811,450.00 -188,550.00 FNMA 3YrNC1.5YrB 08/17/2023 .310 15,000,000.00 15,000,000.00 99.661000 14,949,150.00 -50,850.00 FNMA 5YrNc2Yr 08/19/2025 .550 15,000,000.00 15,000,000.00 97.829000 14,674,350.00 -325,650.00 FNMA 5YrNc1YrQ 08/27/2025 .650 8,650,000.00 8,650,000.00 98.175000 8,492,137.50 -157,862.50 FNMA 5YrNc1YrQ 08/27/2025 .625 5,000,000.00 5,000,000.00 98.088000 4,904,400.00 -95,600.00 FNMA 3.5YrNc1.5YrQ 02/28/2024 .375 10,000,000.00 10,000,000.00 99.401000 9,940,100.00 -59,900.00 FNMA 4.9YrNc11MoQ 08/26/2025 .600 10,000,000.00 10,000,000.00 97.999000 9,799,900.00 -200,100.00 FNMA 3.9YrNc1.9YrQ 08/19/2024 .450 3,701,000.00 3,701,000.00 99.153000 3,669,652.53 -31,347.47 FNMA 4YrNc2Yr 09/16/2024 .400 10,000,000.00 10,000,000.00 98.774000 9,877,400.00 -122,600.00 FNMA 3.5YrNC2YrA 03/28/2024 .320 10,000,000.00 10,000,000.00 99.078000 9,907,800.00 -92,200.00 FNMA 5YrNC1YrB 10/20/2025 .580 10,000,000.00 10,000,000.00 97.882000 9,788,200.00 -211,800.00 FNMA 5YrNC2YrA 10/27/2025 .540 10,000,000.00 10,000,000.00 97.727000 9,772,700.00 -227,300.00 FNMA 5YrNc2YrA 10/28/2025 .560 5,000,000.00 5,000,000.00 97.802000 4,890,100.00 -109,900.00 FNMA 5YrNc1YrQ 10/29/2025 .600 5,000,000.00 5,000,000.00 97.950000 4,897,500.00 -102,500.00 FNMA 5YrNc1YrQ 10/29/2025 .600 10,000,000.00 10,000,000.00 97.950000 9,795,000.00 -205,000.00 FNMA 5YrNc1YrQ 10/29/2025 .600 10,000,000.00 9,998,000.00 97.950000 9,795,000.00 -203,000.00 FNMA 5YrNc2YrA 11/04/2025 .550 10,000,000.00 10,000,000.00 97.763000 9,776,300.00 -223,700.00 FNMA 4.9YrNc11MoQ 10/20/2025 .580 10,000,000.00 9,996,500.00 97.882000 9,788,200.00 -208,300.00 FNMA 3.5YrNc2YrQ 05/03/2024 .350 3,500,000.00 3,499,300.00 99.218000 3,472,630.00 -26,670.00 FNMA 5Yr 11/07/2025 .500 14,000,000.00 13,949,880.00 97.592000 13,662,880.00 -287,000.00 FNMA 3YrNC2YrB 11/16/2023 .300 10,000,000.00 10,000,000.00 99.202000 9,920,200.00 -79,800.00 FNMA 3.5YrNc2YrQ 05/17/2024 .350 10,000,000.00 10,000,000.00 99.188000 9,918,800.00 -81,200.00 FNMA 3.5YrNc2YrQ 05/17/2024 .350 10,000,000.00 10,000,000.00 99.188000 9,918,800.00 -81,200.00 FNMA 5YrNc2YrA 11/17/2025 .560 10,000,000.00 10,000,000.00 97.855000 9,785,500.00 -214,500.00 FNMA 4YrNC2YrB 11/18/2024 .420 10,000,000.00 10,000,000.00 98.384000 9,838,400.00 -161,600.00 FNMA 5YrNC2YrA 11/18/2025 .650 20,000,000.00 20,000,000.00 98.124000 19,624,800.00 -375,200.00 FNMA 3.25YrNc2YrA 02/23/2024 .350 20,000,000.00 20,000,000.00 99.277000 19,855,400.00 -144,600.00 3135GA4P3 3135GA5A5 1420: FHLMC-Fxd-Q 30/360 1425: FHLMC-Fxd-S 30/360 3134GXEA8 3134GXEA8 3135GA2Z3 3134GXEX8 3134GXCA0 3135G06C2 3135GA2N0 3135GA3C3 1525: FNMA-Fxd-S 30/360 3135GA3N9 3135GA3C3 3136G45C3 3135GA2Z3 3135G06C2 3136G4H63 3136G4Q97 3134GWL38 3134GWT22 3135G06A6 9128286Y1 3134GW3Z7 3134GXBM5 3136G4F32 3136G46N8 3135GA2P5 3135G06G3 3134GXHH0 3136G4XZ1 3134GXEX8 3134GXDG6 3134GXCA0 3134GXHL1 3134GXCF9 3134GXCF9 3135G0T94 3134GW3Y0 .650 3.823 3.885 .350 2.132 2.148 .560 3.828 3.882 .420 2.859 2.885 .350 2.365 2.378 .350 2.365 2.378 .573 3.804 3.855 .300 1.868 1.877 .587 3.752 3.805 .356 2.326 2.340 .600 3.775 3.830 3.775 3.830 .550 3.793 3.847 .604 .540 3.775 3.825 .600 3.775 3.830 .560 3.776 3.827 .400 2.688 2.712 .320 2.230 2.241 1.627 .650 3.658 .580 3.752 3.805 .450 2.611 2.636 .625 3.599 .375 2.153 2.162 3.6583.601 3.578 .600 3.526 3.578 .600 3.600 3.655 .550 .700 3.585 3.636 .700 3.531 3.595 2.616 3.531 3.595 .410 .310 1.621 2.333 1.636 1.699 .650 3.455 2.593 .740 3.453 .600 3.526 3.022 3.476 3.540 .700 3.517 3.578 3.518 .730 .740 3.449 3.499 3.499 1.094 2.918 2.495 1.020 1.052 1.238 3.739 3.811 .485 2.669 2.699 .700 3.938 4.000 .220 1.497 1.496 .256 1.413 1.416 .200 .954 .956 .328 1.889 1.899 .270 1.413 1.416 .260 1.413 1.416 .400 2.382 2.397 .400 2.382 2.397 1.889 1.899 .200 .893 .896 .893 .896.200 .328 3.882 .325 1.867 .190 .893 .896 .560 3.828 .600 3.811 3.868 1.877 .560 3.828 3.882 .280 1.841 1.849 .600 3.811 3.868 3.772 3.827 .550 3.776 3.827 .497 3.692 3.732 .600 .600 3.697 3.751 .625 3.767 3.825 .410 2.465 2.482 .500 3.208 3.241 .500 3.424 3.460 .475 3.198 3.230 .540 3.658 3.710 .540 3.658 3.710 .400 2.671 2.696 3134GWN44 .450 2.672 2.699 3134GWL79 .400 2.671 2.696 .450 2.669 2.696 .500 2.310 2.329 .510 3.043 3.082 .570 2.511 2.540 .420 2.049 2.066 .650 3.394 3.441 .500 2.478 2.501 .500 2.404 2.425 .760 3.357 3.408 .730 3.358 3.408 3134GVWM6 .730 3.358 3.408 3134GVWM6 .750 3.354 3.405 .625 3.587 3.636 .625 3.587 3.636 .415 1.981 2.004 .108 .454 .455 .551 1.412 1.414 .146 .495 .496 .318 .915 .915 .469 1.450 1.455 3136G4B77 3136G4B77 3135G0U43 3134GWR32 3134GWP91 3135G06A6 3134GWP26 3136G42F9 3136G46S7 3136G4YU1 3136G4K51 3136G4XK4 3134GWL79 3135GA2Z3 3134GWL38 3134GVRV2 3137EAEZ8 3137EAEX3 3136G4D75 3136G4C27 3134GWCM6 3134GXGQ1 3135G0X24 3134GV3A4 91282CCD1 3134GWLW4 3134GV5R5 3134GWN85 3134GWET9 3134GVYX0 3134GVB31 3136G4J38 3136G4Z97 3136G4P31 3136G43H4 3134GWZV1 3136G4XR9 3134GXBM5 3134GWAL0 3134GVE95 912828ZU7 3136G4X40 3134GXEX8 3136G43W1 3135G06E8 912828ZX1 91282CAX9 3134GWTG1 3134GW3X2 3134GXBL7 COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 10 189 Description Maturity Date Coupon Par Value Book Value Market Price Market Value Unrealized Gain/Loss Yield To Mat Modified Duration Years To Maturity Month End Portfolio Holdings CUSIP FNMA 3.75YrNc2YrA 08/23/2024 .420 15,000,000.00 15,000,000.00 99.106000 14,865,900.00 -134,100.00 FNMA 5YrNc2YrA 11/25/2025 .600 15,000,000.00 15,000,000.00 97.925000 14,688,750.00 -311,250.00 FNMA 2.9YrNc2YrQ 11/16/2023 .310 5,000,000.00 5,000,000.00 99.544000 4,977,200.00 -22,800.00 FNMA 4.5YrNc1.5YrB 06/24/2025 .500 10,000,000.00 10,000,000.00 97.774000 9,777,400.00 -222,600.00 .741 474,751,000.00 475,556,580.00 98.923723 469,641,362.03 -5,915,217.97 FHLB 6Mo 06/10/2022 .128 50,000,000.00 49,967,644.44 99.917000 49,958,500.00 -9,144.44 .128 50,000,000.00 49,967,644.44 99.917000 49,958,500.00 -9,144.44 FHLB 5YrNc1YrA 03/25/2026 .850 10,000,000.00 10,000,000.00 98.607000 9,860,700.00 -139,300.00 FHLB 5YrNc1MoM 06/26/2026 1.070 10,000,000.00 10,000,000.00 99.070000 9,907,000.00 -93,000.00 FHLB 5YrNc1MoM 07/20/2026 1.130 10,000,000.00 10,000,000.00 99.265000 9,926,500.00 -73,500.00 FHLB 5YrNc1Mo 06/08/2026 1.000 15,000,000.00 15,000,000.00 98.930000 14,839,500.00 -160,500.00 FHLB 5YrNc1MoM 06/26/2026 1.050 15,000,000.00 15,000,000.00 99.018000 14,852,700.00 -147,300.00 FHLB 5YrNc1MoM 07/06/2026 1.020 15,000,000.00 15,000,000.00 98.923000 14,838,450.00 -161,550.00 FHLB 5YrNc1Mo 09/28/2026 1.040 15,000,000.00 15,000,000.00 100.000000 15,000,000.00 0.00 1.024 90,000,000.00 90,000,000.00 99.138722 89,224,850.00 -775,150.00 FHLB 5YrNc6MoQ 12/30/2026 1.500 25,000,000.00 25,000,000.00 100.000000 25,000,000.00 0.00 1.500 25,000,000.00 25,000,000.00 100.000000 25,000,000.00 0.00 FHLB 4.9Yr 03/10/2023 2.125 11,750,000.00 11,432,397.50 101.938000 11,977,715.00 545,317.50 FHLB 4.25YrNc3MoA 12/09/2024 .500 10,000,000.00 10,000,000.00 98.627000 9,862,700.00 -137,300.00 FHLB 2 Yr 10/21/2022 .125 10,000,000.00 9,989,900.00 99.868000 9,986,800.00 -3,100.00 FHLB 3YrNc1YrA 12/22/2023 .190 15,000,000.00 14,979,900.00 99.225000 14,883,750.00 -96,150.00 FHLB 3YrNc6MoB 12/28/2023 .250 10,000,000.00 10,000,000.00 99.323000 9,932,300.00 -67,700.00 FHLB 3.25YrNc6MoA 03/28/2024 .270 15,000,000.00 15,000,000.00 98.843000 14,826,450.00 -173,550.00 FHLB 3.5YrNc1YrB 06/28/2024 .260 15,000,000.00 15,000,000.00 98.876000 14,831,400.00 -168,600.00 FHLB 3.5YrNc1YrB 06/28/2024 .260 10,000,000.00 10,000,000.00 98.876000 9,887,600.00 -112,400.00 FHLB 3.25YrNc6MoA 03/28/2024 .270 15,000,000.00 14,995,500.00 98.843000 14,826,450.00 -169,050.00 FHLB 5YrNc6MoQ 02/18/2026 .600 5,000,000.00 4,996,250.00 97.774000 4,888,700.00 -107,550.00 FHLB 5YrNc1YrQ 02/23/2026 .580 10,000,000.00 10,000,000.00 97.920000 9,792,000.00 -208,000.00 FHLB 4.25Yr1YrQ 05/23/2025 .500 14,750,000.00 14,750,000.00 97.755000 14,418,862.50 -331,137.50 FHLB 4.5YrNc1YrQ 08/25/2025 .550 5,000,000.00 5,000,000.00 97.750000 4,887,500.00 -112,500.00 FHLB 5YrNc1YrA 02/25/2026 .580 6,000,000.00 6,000,000.00 97.962000 5,877,720.00 -122,280.00 FHLB 5YrNc3MoQ 02/25/2026 .790 15,000,000.00 15,000,000.00 98.915000 14,837,250.00 -162,750.00 FHLB 5YrNc3MoQ 02/25/2026 .790 10,000,000.00 10,000,000.00 98.915000 9,891,500.00 -108,500.00 FHLB 3.75YrNc6MoB 11/26/2024 .400 5,000,000.00 5,000,000.00 98.343000 4,917,150.00 -82,850.00 FHLB 5YrNc3MoQ 02/26/2026 .850 10,000,000.00 10,000,000.00 98.760000 9,876,000.00 -124,000.00 FHLB 5YrNc1YrQ 03/16/2026 .700 25,000,000.00 25,000,000.00 98.257000 24,564,250.00 -435,750.00 FHLB 5YrNc1YrA 03/18/2026 .750 10,000,000.00 10,000,000.00 98.278000 9,827,800.00 -172,200.00 FHLB 4.25YrNc1YrQ 06/18/2025 .530 10,000,000.00 10,000,000.00 97.830000 9,783,000.00 -217,000.00 FHLB 5YrNc1YrA 03/18/2026 .750 10,000,000.00 10,000,000.00 98.278000 9,827,800.00 -172,200.00 FHLB 5YrNc3MoQ 03/18/2026 .790 15,000,000.00 15,000,000.00 98.326000 14,748,900.00 -251,100.00 FHLB 5YrNc1YrA 03/18/2026 .750 10,000,000.00 10,000,000.00 98.278000 9,827,800.00 -172,200.00 FHLB 5YrNc1MoM 03/23/2026 1.000 14,625,000.00 14,625,000.00 98.931000 14,468,658.75 -156,341.25 FHLB 5YrNc1MoM 03/23/2026 1.000 9,750,000.00 9,750,000.00 98.931000 9,645,772.50 -104,227.50 FHLB 5YrNc1MoM 03/23/2026 1.000 14,625,000.00 14,625,000.00 98.931000 14,468,658.75 -156,341.25 FHLB 5YrNc1MoM 03/23/2026 1.000 8,921,250.00 8,914,559.06 98.931000 8,825,881.84 -88,677.22 FHLB 5YrNc1MoM 03/23/2026 1.000 9,750,000.00 9,750,000.00 98.931000 9,645,772.50 -104,227.50 FHLB 5YrNc1MoM 03/23/2026 1.000 19,500,000.00 19,500,000.00 98.931000 19,291,545.00 -208,455.00 FHLB 5YrNc1MoM 03/23/2026 1.000 19,500,000.00 19,500,000.00 98.931000 19,291,545.00 -208,455.00 FHLB 5YrNc1MoM 03/23/2026 1.000 9,750,000.00 9,750,000.00 98.931000 9,645,772.50 -104,227.50 FHLB 4YrNc6MoB 03/24/2025 .700 10,000,000.00 10,000,000.00 98.801000 9,880,100.00 -119,900.00 FHLB 4YrNc1YrB 03/25/2025 .625 10,000,000.00 10,000,000.00 98.555000 9,855,500.00 -144,500.00 FHLB 4YrNc1YrB 03/25/2025 .625 10,000,000.00 10,000,000.00 98.555000 9,855,500.00 -144,500.00 FHLB 4YrNc1YrB 03/25/2025 .625 10,000,000.00 10,000,000.00 98.555000 9,855,500.00 -144,500.00 FHLB 4YrNc3MoB 03/17/2025 .650 15,000,000.00 14,977,500.00 98.646000 14,796,900.00 -180,600.00 FHLB 3.5YrNc6MoQ 09/30/2024 .510 25,000,000.00 25,000,000.00 98.337000 24,584,250.00 -415,750.00 FHLB 4.25YrNc6MoQ 06/30/2025 .750 10,000,000.00 10,000,000.00 98.584000 9,858,400.00 -141,600.00 FHLB 3YrNC3MB 04/08/2024 .375 10,000,000.00 10,000,000.00 99.309000 9,930,900.00 -69,100.00 FHLB 4YrNC6MoB 04/08/2025 .720 15,000,000.00 15,000,000.00 98.863000 14,829,450.00 -170,550.00 FHLB 3.91YrNC2MoB 03/17/2025 .650 25,000,000.00 24,950,000.00 98.646000 24,661,500.00 -288,500.00 FHLB 9Mo 02/01/2022 .045 25,000,000.00 24,998,865.00 99.980000 24,995,000.00 -3,865.00 FHLB 5YrNc6MoQ 05/26/2026 1.050 15,000,000.00 15,000,000.00 99.104000 14,865,600.00 -134,400.00 FHLB 5YrNc6MoQ 05/26/2026 1.000 10,000,000.00 10,000,000.00 98.946000 9,894,600.00 -105,400.00 FHLB 5YrNc6MoQ 05/26/2026 1.030 5,000,000.00 5,000,000.00 99.050000 4,952,500.00 -47,500.00 FHLB 5YrNC1YrB 06/10/2026 1.000 5,000,000.00 5,000,000.00 98.947000 4,947,350.00 -52,650.00 FHLB 5YrNc3MOQ 07/22/2026 1.000 15,000,000.00 15,000,000.00 98.841000 14,826,150.00 -173,850.00 FHLB 5YrNc3MoQ 07/27/2026 1.000 15,000,000.00 15,000,000.00 98.829000 14,824,350.00 -175,650.00 FHLB 5YrNc3MoQ 07/27/2026 1.000 10,000,000.00 10,000,000.00 98.829000 9,882,900.00 -117,100.00 FHLB 5YrNc3MoA 08/05/2026 1.000 10,000,000.00 10,000,000.00 99.173000 9,917,300.00 -82,700.00 FHLB 5YrNC1MoM 08/17/2026 1.000 10,000,000.00 10,000,000.00 99.022000 9,902,200.00 -97,800.00 FHLB 5YrNC1MoM 08/20/2026 1.100 10,000,000.00 10,000,000.00 98.832000 9,883,200.00 -116,800.00 FHLB 5YrNc6MoQ 08/25/2026 1.000 10,000,000.00 10,000,000.00 98.822000 9,882,200.00 -117,800.00 FHLB 5YrNc3MoM 08/26/2026 1.000 15,000,000.00 15,000,000.00 99.200000 14,880,000.00 -120,000.00 FHLB 5YrNc3MoQ 08/26/2026 1.000 15,000,000.00 15,000,000.00 100.000000 15,000,000.00 0.00 FHLB 3.25YrNc3MoQ 12/17/2024 .550 10,000,000.00 9,999,000.00 99.089000 9,908,900.00 -90,100.00 FHLB 3YrNc3MoQ 09/27/2024 .500 10,000,000.00 10,000,000.00 100.000000 10,000,000.00 0.00 FHLB 5YrNc1Mo 09/28/2026 1.040 15,000,000.00 15,000,000.00 100.000000 15,000,000.00 0.00 FHLB 3YrNc3MoQ 09/30/2024 .570 20,000,000.00 19,988,000.00 99.940000 19,988,000.00 0.00 FHLB 5YrNc3MoQ 09/30/2026 1.000 10,000,000.00 10,000,000.00 98.679000 9,867,900.00 -132,100.00 FHLB 4.91YrNc2MoQ 11/24/2026 1.500 20,000,000.00 19,997,000.00 99.985000 19,997,000.00 0.00 FHLB 2Yr 12/22/2023 .625 25,000,000.00 24,945,000.00 99.777000 24,944,250.00 -750.00 FHLB 5 Yr 12/21/2026 1.250 10,000,000.00 9,972,990.00 99.912000 9,991,200.00 18,210.00 FHLB 2.5YrNc1MoM 06/28/2024 1.000 25,000,000.00 25,000,000.00 100.000000 25,000,000.00 0.00 FHLB 1.5YrNc3MoQ 06/30/2023 .500 50,000,000.00 50,000,000.00 100.000000 50,000,000.00 0.00 FHLB 1.5YrNc3MoQ 06/30/2023 .500 50,000,000.00 50,000,000.00 100.000000 50,000,000.00 0.00 .731 933,921,250.00 933,386,861.56 99.122234 925,723,604.34 -7,663,257.22 FFCB DISC NOTE 01/25/2022 .060 17,000,000.00 16,991,330.00 99.999000 16,999,830.00 8,500.00 FFCB DISC NOTE 02/16/2022 .050 50,000,000.00 49,980,486.11 99.998000 49,999,000.00 18,513.89 FFCB DISC NOTE 05/11/2022 .070 25,000,000.00 24,990,569.44 99.950000 24,987,500.00 -3,069.44 .057 92,000,000.00 91,962,385.55 99.985141 91,986,330.00 23,944.45 FFCB 5Yr 04/11/2023 2.700 10,000,000.00 9,990,300.00 103.082000 10,308,200.00 317,900.00 FFCB 5Yr 10/02/2023 3.050 10,000,000.00 9,979,300.00 104.557000 10,455,700.00 476,400.00 1725: FHLB-Fxd-S 30/360 3130ANE48 3130ANMH0 3130ANRB8 3130ANX88 1700: FHLB-DISC NOTE 1720: FHLB-Fxd-Q 30/360 3130ANBX7 3130ALGJ7 3130ALFW9 3130ALH56 3130ALHZ0 1900: FFCB-DISC NOTE 1925: FFCB-Fxd-S 30/360 3130AQF57 3130AQF65 3130ANFD7 3130APWW1 3135G06F5 3130ALKF0 3130ALKF0 3130ALWL4 3130AMJN3 313382AX1 3130ALLP7 3130AQ7C1 313313WR5 3133EJKN8 3133EJD48 3130AMEN8 3130AMME9 3130ANAJ9 3130AQ6U2 3130AMKB7 3130ANPF1 3130AMMZ2 3130AKL79 3130ALBX1 3130AKKF2 3130AKKP0 3130AMT69 3130AKLB0 3130ALGJ7 3130ALGJ7 3130ALGJ7 3130AL6K5 3130ALNK6 3130ALN34 3130ALGJ7 3130ALGJ7 3130ALTH7 3130ALHG2 4.519 .553 .500 2.713 2.933 1.495 4.616 4.603 1.241 .747 3.210 1.2772.721 .057 .180 .180 .070 .358 .129 .359 .050 .129 3.275 .060 .068 1.000 2.455 2.493 .068 .500 1.495 1.496 .736 1.958 1.975 1.306 4.803 4.975 .500 4.751 1.503 4.698 4.901 1.496 2.742 .590 2.721 2.751 1.040 4.745 4.630 2.964 1.100 4.490 4.638 1.000 4.520 4.655 4.655 4.440 4.573 1.000 4.462 1.000 4.517 4.652 4.597 4.495 1.000 4.331 4.444 1.000 4.426 4.559 1.000 4.440 4.573 1.000 4.287 4.403 1.000 4.293 4.403 1.030 4.290 4.403 1.050 3.220 3.271 .702 3.166 3.211 .051 .088 .088 .720 3.448 3.499 .375 2.256 2.271 .750 3.233 .688 3.166 3.211 .510 2.724 2.751 .625 3.191 3.230 .625 3.191 3.233 .625 3.191 3.233 .700 3.183 4.227 1.000 4.119 4.227 1.000 4.119 4.227 1.000 4.119 4.119 4.227 1.015 4.118 4.227 1.000 4.119 4.227 1.000 4.132 4.214 .790 4.119 4.227 1.000 4.119 4.227 1.000 .750 .750 4.132 4.214 4.127 4.214 .530 .750 4.132 4.214 .850 3.427 3.466 4.064 4.060 4.159 .700 4.132 4.208 .580 4.156 4.086 4.156 .550 .400 2.882 2.907 .790 4.064 .500 4.081 .279 4.151 3.360 4.065 .580 2.482 2.493 2.232 .260 2.241 2.482 2.493 .805 .805 1.975 .250 1.985 .260 .270 2.232 2.241 .235 2.716 1.160 1.189 1.992 .500 2.913 2.942 .176 4.808 5.0001.500 1.500 4.808 5.000 4.745 1.024 4.401 4.506 1.040 4.633 4.488 1.020 4.407 4.515 1.050 4.380 4.553 1.000 4.335 4.438 1.130 4.434 4.233 1.070 4.378 4.488 .850 4.156 .128 .440 .441 .128 .440 .441 .707 3.021 3.065 .310 1.867 1.877 .500 3.446 3.482 .420 2.623 2.647 .600 3.847 3.904 1.970 3.095 4.137.615 3.395 .790 4.156 3.6523.602 1.682 1.753 1.000 1.000 3130AP5M3 3130APBH7 1.000 3130ANTS9 3130ANYN4 3130APAD7 3130AKLB0 3130ALKL7 3135GA4R9 3130ALDX9 3130ALFN9 3130ANSC5 3130ALEH3 3130AQAQ6 3130ALTJ3 3130ALGJ7 3135GA3Z2 3130AMWT5 3130AN3B4 3130ALH56 3130ALLP7 3130ANAJ9 313313SF6 313313TD0 3130ALEM2 3130ALGR9 3130ALU93 3130ALGJ7 3130AQAY9 313385XX9 3130ALEM2 3130AKKF2 3130AK3T1 3135GAAZ4 1710: FHLB-Fxd-M 30/360 3130AN3R9 3130AMS52 3130AL2G8 3130ALF25 3130AKDH6 COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 11 190 Description Maturity Date Coupon Par Value Book Value Market Price Market Value Unrealized Gain/Loss Yield To Mat Modified Duration Years To Maturity Month End Portfolio Holdings CUSIP FFCB 4.9Yr 09/17/2024 1.600 6,128,000.00 6,107,471.20 101.751000 6,235,301.28 127,830.08 FFCB 4.9Yr 09/10/2024 2.080 2,064,000.00 2,101,585.44 103.571000 2,137,705.44 36,120.00 FFCB 4YrNc2YrA 02/28/2024 1.550 5,000,000.00 5,000,000.00 100.172000 5,008,600.00 8,600.00 FFCB 5YrNc2YrA 06/10/2025 .680 5,025,000.00 5,025,000.00 98.056000 4,927,314.00 -97,686.00 FFCB 3YrNc1YrA 08/10/2023 .320 15,945,000.00 15,945,000.00 99.482000 15,862,404.90 -82,595.10 FFCB 2.5YrNc3MoA 03/15/2023 .220 10,000,000.00 9,992,500.00 99.843000 9,984,300.00 -8,200.00 FFCB 3YrNC2YrA 10/20/2023 .270 10,000,000.00 10,000,000.00 99.536000 9,953,600.00 -46,400.00 FFCB 3YrNc1YrA 11/30/2023 .310 10,000,000.00 10,000,000.00 99.223000 9,922,300.00 -77,700.00 FFCB 3YrNc2YrA 12/08/2023 .280 9,931,000.00 9,935,667.57 99.436000 9,874,989.16 -60,678.41 FFCB 2.5YrNc6MoA 06/15/2023 .200 15,000,000.00 15,000,000.00 99.662000 14,949,300.00 -50,700.00 FFCB 2YrNc1YrA 12/15/2022 .160 10,000,000.00 10,000,000.00 99.881000 9,988,100.00 -11,900.00 FFCB 2YrNc1YrA 12/15/2022 .160 8,245,000.00 8,245,000.00 99.881000 8,235,188.45 -9,811.55 FFCB 3YrNc1YrA 12/21/2023 .210 10,000,000.00 9,992,500.00 99.160000 9,916,000.00 -76,500.00 FFCB 2.75YrNc6MoA 09/22/2023 .190 10,000,000.00 10,000,000.00 99.483000 9,948,300.00 -51,700.00 FFCB 4YrNc6MoA 12/23/2024 .320 5,000,000.00 5,000,000.00 98.048000 4,902,400.00 -97,600.00 FFCB 3YrNC1YrA 12/21/2023 .210 20,000,000.00 19,985,000.00 99.160000 19,832,000.00 -153,000.00 FFCB 4YrNc6MoA 12/23/2024 .320 15,000,000.00 15,000,000.00 98.048000 14,707,200.00 -292,800.00 FFCB 5YrNc6MoA 12/23/2025 .500 12,430,000.00 12,426,271.00 97.110000 12,070,773.00 -355,498.00 FFCB 3.25YrNc6MoA 03/28/2024 .270 10,000,000.00 10,000,000.00 98.843000 9,884,300.00 -115,700.00 FFCB 4YrNc6MoA 12/23/2024 .320 10,000,000.00 9,992,500.00 98.048000 9,804,800.00 -187,700.00 FFCB 1.75YrNc6MoA 09/22/2022 .120 15,000,000.00 14,991,000.00 99.903000 14,985,450.00 -5,550.00 FFCB 3YrNC1YrA 12/28/2023 .210 15,000,000.00 14,988,750.00 98.964000 14,844,600.00 -144,150.00 FFCB 3.9YrNc1.9YrA 12/28/2023 .210 10,000,000.00 9,990,000.00 98.964000 9,896,400.00 -93,600.00 FFCB 2Yr 01/12/2023 .120 25,000,000.00 24,997,500.00 99.703000 24,925,750.00 -71,750.00 FFCB 4rNC1YrA 03/03/2025 .480 5,000,000.00 5,000,000.00 98.141000 4,907,050.00 -92,950.00 FFCB 4YrNC1YrA 03/03/2025 .480 10,000,000.00 9,987,500.00 98.141000 9,814,100.00 -173,400.00 FFCB 3Yr 03/18/2024 .300 25,000,000.00 24,994,675.00 99.395000 24,848,750.00 -145,925.00 FHLB 4YrNc1YrA 04/01/2025 .710 10,000,000.00 10,000,000.00 98.704000 9,870,400.00 -129,600.00 FFCB 4YrNc1YrA 04/01/2025 .710 10,000,000.00 10,000,000.00 98.704000 9,870,400.00 -129,600.00 FFCB 3YrNC1YrA 04/05/2024 .330 10,000,000.00 10,000,000.00 98.810000 9,881,000.00 -119,000.00 FFCB 1Yr 05/17/2022 .060 50,000,000.00 49,998,575.00 99.979000 49,989,500.00 -9,075.00 FFCB 5YrNc2YrA 05/18/2026 .900 5,000,000.00 5,000,000.00 98.768000 4,938,400.00 -61,600.00 FFCB 5YrNc6MoA 07/13/2026 .990 10,000,000.00 10,000,000.00 100.000000 10,000,000.00 0.00 FFCB 5YrNc6MoA 07/13/2026 .990 10,000,000.00 10,000,000.00 100.000000 10,000,000.00 0.00 FFCB 4.9YrNC11YrA 10/20/2026 1.140 10,000,000.00 9,947,500.00 99.475000 9,947,500.00 0.00 FFCB 4.91YrNC11MOA 10/20/2026 1.140 10,000,000.00 9,905,000.00 99.050000 9,905,000.00 0.00 FFCB 5YrNC1YrA 11/23/2026 1.430 10,000,000.00 10,000,000.00 99.901000 9,990,100.00 -9,900.00 FFCB 1.5Yr 05/23/2023 .375 50,000,000.00 49,939,500.00 99.879000 49,939,500.00 0.00 FFCB 3YrNc1YrA 12/09/2024 .970 10,000,000.00 10,000,000.00 100.000000 10,000,000.00 0.00 .513 519,768,000.00 519,458,095.21 99.556471 517,462,676.23 -1,995,418.98 FAMCA 4.9Yr 06/30/2023 2.850 10,000,000.00 9,947,900.00 103.374000 10,337,400.00 389,500.00 2.850 10,000,000.00 9,947,900.00 103.374000 10,337,400.00 389,500.00 STATE OF HAWAII 01/01/2022 2.770 3,500,000.00 3,500,000.00 100.000000 3,500,000.00 0.00 SIER JT COM GO 08/01/2024 .354 720,000.00 720,000.00 100.000000 720,000.00 0.00 SIER JT COM GO 08/01/2024 .344 500,000.00 500,000.00 100.000000 500,000.00 0.00 SIER JT COM GO 08/01/2023 .229 260,000.00 260,000.00 100.000000 260,000.00 0.00 SIER JT COM GO 08/01/2022 .179 205,000.00 205,000.00 100.000000 205,000.00 0.00 SIER JT COM GO 08/01/2022 .179 260,000.00 260,000.00 100.000000 260,000.00 0.00 SANTA CLARA USD GO 07/01/2022 .160 8,770,000.00 8,770,000.00 100.000000 8,770,000.00 0.00 SANTA CLARA USD GO 07/01/2023 .210 2,870,000.00 2,870,000.00 100.000000 2,870,000.00 0.00 SAN DIEGUITO USD GO 08/01/2022 .175 425,000.00 425,000.00 100.000000 425,000.00 0.00 SAN DIEGUITO USD GO 08/01/2023 .275 425,000.00 425,000.00 100.000000 425,000.00 0.00 SAN DIEGUITO USD GO 08/01/2023 .275 1,000,000.00 1,000,000.00 100.000000 1,000,000.00 0.00 SAN DIEGUITO USD GO 08/01/2022 .175 1,000,000.00 1,000,000.00 100.000000 1,000,000.00 0.00 CITY CNT SAN FRANSISCO GO 06/15/2022 .250 29,250,000.00 29,277,495.00 100.094000 29,277,495.00 0.00 OCESCD UNS GO 08/01/2022 .290 125,000.00 125,000.00 100.000000 125,000.00 0.00 STATE OF WASHINGTON GO 08/01/2024 .470 14,995,000.00 14,995,000.00 100.000000 14,995,000.00 0.00 SANTA MONICA-MALIBU USD GO 08/01/2022 .142 1,000,000.00 1,000,000.00 100.000000 1,000,000.00 0.00 SANTA MONICA-MALIBU USD GO 08/01/2025 .669 1,000,000.00 1,000,000.00 100.000000 1,000,000.00 0.00 SANTA MONICA-MALIBU USD GO 08/01/2024 .396 1,000,000.00 1,000,000.00 100.000000 1,000,000.00 0.00 MARIN CMNTY CLG GO 08/01/2025 .763 1,065,000.00 1,065,000.00 100.000000 1,065,000.00 0.00 MARIN CMNTY CLG GO 08/01/2022 .176 990,000.00 990,000.00 100.000000 990,000.00 0.00 SAN MATEO USD GO 09/01/2023 .256 500,000.00 500,000.00 100.000000 500,000.00 0.00 SAN MATEO USD GO 09/01/2022 .166 500,000.00 500,000.00 100.000000 500,000.00 0.00 HAWAII STATE 10/01/2022 .247 10,000,000.00 10,000,000.00 100.000000 10,000,000.00 0.00 HAWAII STATE 10/01/2023 .422 10,000,000.00 10,000,000.00 100.000000 10,000,000.00 0.00 HAWAII STATE 10/01/2024 .713 10,000,000.00 10,000,000.00 100.000000 10,000,000.00 0.00 HAWAII STATE 10/01/2025 2.750 12,775,000.00 13,625,815.00 106.660000 13,625,815.00 0.00 HAWAII STATE 10/01/2022 .247 2,305,000.00 2,305,000.00 100.000000 2,305,000.00 0.00 HAWAII STATE 10/01/2023 .422 3,260,000.00 3,260,000.00 100.000000 3,260,000.00 0.00 HAWAII STATE 10/01/2024 .713 2,500,000.00 2,500,000.00 100.000000 2,500,000.00 0.00 HAWAII STATE 10/01/2025 1.033 3,660,000.00 3,660,000.00 100.000000 3,660,000.00 0.00 HAWAII STATE 02/01/2022 .247 5,000,000.00 5,000,000.00 100.000000 5,000,000.00 0.00 HAWAII STATE 08/01/2022 .247 10,000,000.00 10,000,000.00 100.000000 10,000,000.00 0.00 HAWAII STATE 08/01/2023 .422 15,000,000.00 15,000,000.00 100.000000 15,000,000.00 0.00 HAWAII STATE 08/01/2024 .713 9,000,000.00 9,000,000.00 100.000000 9,000,000.00 0.00 HAWAII STATE 08/01/2025 1.033 6,250,000.00 6,250,000.00 100.000000 6,250,000.00 0.00 SAN DIEGO USD GO 01/01/2022 .160 2,500,000.00 2,500,000.00 100.000000 2,500,000.00 0.00 SAN DIEGO USD GO 01/01/2022 .160 5,120,000.00 5,120,000.00 100.000000 5,120,000.00 0.00 BEAUMONT USD GO 08/01/2025 1.109 500,000.00 500,000.00 100.000000 500,000.00 0.00 BEAUMONT USD GO 08/01/2022 .278 225,000.00 225,000.00 100.000000 225,000.00 0.00 BEAUMONT USD GO 08/01/2024 .690 275,000.00 275,000.00 100.000000 275,000.00 0.00 SAN RAMON VLY USD GO 08/01/2022 .202 1,000,000.00 1,000,000.00 100.000000 1,000,000.00 0.00 SAN RAMON VLY USD GO 08/01/2025 .967 4,505,000.00 4,505,000.00 100.000000 4,505,000.00 0.00 LOS ANGELES CA USD GO 01/01/2022 3.000 4,000,000.00 4,015,880.00 100.397000 4,015,880.00 0.00 SUNNYVALE USD GO 01/01/2022 .230 1,515,000.00 1,515,000.00 100.000000 1,515,000.00 0.00 TEXTAS STATE G.O.10/01/2024 .794 5,810,000.00 5,810,000.00 100.000000 5,810,000.00 0.00 TEXTAS STATE G.O.10/01/2023 .508 4,745,000.00 4,745,000.00 100.000000 4,745,000.00 0.00 .674 200,305,000.00 201,199,190.00 100.446414 201,199,190.00 0.00 VENTURA COUNTY TRAN 07/01/2022 .250 30,000,000.00 30,027,900.00 100.093000 30,027,900.00 0.00 VENTURA COUNTY TRAN 07/01/2022 .250 15,000,000.00 15,016,350.00 100.109000 15,016,350.00 0.00 VENTURA COUNTY TRAN 07/01/2022 .250 35,000,000.00 35,041,650.00 100.119000 35,041,650.00 0.00 .250 80,000,000.00 80,085,900.00 100.107375 80,085,900.00 0.00 3133EMML3 3133EMSC7 3133EMTW2 3133EMUP5 3133ENEW6 3133ENGN4 074437HB3 419792A55 797508JT6 826239GH2 882724XJ1 2360: MUNIS-A 30/360 923035BS7 3133EMSC7 419792A63 419792A71 419792F68 419792F76 3132X03B5 2350: MUNIS-S 30/360 3130AKKF2 802498YZ2 3133EMLR1 3133EMLT7 3133EMLF7 3133EMLT7 3133EKP75 3133EMLP5 3133EMKW1 3133EMLP5 3133EKQA7 826239FY6 419792D29 799017XT0 797508JS8 419792D37 797356DV1 802498YY5 93974ETF3 .508 .176 .247 799017XS2 .166 3133EMQ62 .751 .584 3133EMLE0 56781RKQ9 802498YW9 .710 826239FW0 .229 1.430 1.3403133ENBK5 .197 .794 .160 .278 797356EJ7 7994082E8 .498 3.586 .003 .136 .141 .967 .495 3.586 .582 .584 2.553 2.586 .131 3.508 .140 2.712 .582.202 3.586 .230 .690 .584 .003 .003 .003.160 .713 3.501 3.497 .088 .582 .584 1.575 1.584 2.551 2.586 2.753 .247 .748 .422 .713 .247 1.033 3.661 .088 1.033 3.557 .250 1.578 .160 .954 1.967 1.909 .582 2.249 .344 .310 .970 2.112 .235 1.967 .320 .900 1.4961.457 2.942 2.090 2.964 2.120 2.889 .538 1.577 1.584 .175 .582 1.499 .584 1.498.210 .275 .584 .499 .179 .502 .582 .584 .582 .160 .179 2.770 .003 .003 1.584 .354 2.586 2.5862.566 2.566 2.964 1.457 1.496 4.805 .457 1.388 1.392 4.704 4.899 4.645 4.534 1.249 4.648 4.805 .990 4.381 .990 4.402 4.534 4.281 4.402 2.263 .063 .375 .375 3.252 .710 3.202 3.252 .330 3.202 3.173 .512 3.139 3.173 .307 2.203 2.214 3.140.480 1.992 .125 1.029 1.033 .244 .726 .235 1.986 1.992 1.986 2.981 .155 .724 3.981 .270 2.232 2.241 .339 2.961 1.973 .320 .506 3.933 1.973 2.961 2.981 .190 1.721 1.726 2.981 .235 .956 .160 .954 .956 2.961 .320 1.601 .264 1.929 1.937 .200 1.453 1.455 2.594 2.696 1.915 2.162 .680 3.395 3.444 .270 1.796 1.803 .455 1.577.275 1.584 1.550 1.608 1.202 1.203 1.672 2.630 2.715 1.688 .584 .584 .175 .582 .141 .290 .582 .583 .584 .454 .470 2.560 3.527 3.5863.520 2.586 3.586.669 .142 .396 3133EMVD1 3133EMLP5 3133ELNJ9 2.564 2.586 .422 .763 .256 1.661 1.668 1.740 .666 .668 .751 .247 1.740 1.751 2.714 1.751 .713 2.714 2.753 3.753 1.617 1.647 .003 1.109 .003 3.753 .422 .748 .003 .003 .498 .499 .498 .499 .498 .499 3133EL7E8 .499 2.753 1.033 1.739 1.751 3133EMKG6 419792C95 3133EMDM1 3133EMHL9 3133EMKH4 3133EMKH4 3133EMKW1 544647EC0 7994082B4 074437HA5 3133EMZJ4 3133EMJQ6 419792F92 56781RKT3 3133ENEM8 3133EL3E2 419792F50 3133ELH80 3133EMZS4 1950: FMAC-Fxd-S 30/360 3133EMQ62 3133ENBK5 79773KGV0 675383TG8 826239FX8 826239GF6 8014952N1 8014952P6 797508HV3 797508HU5 3133EMUP5 419792YL4 867578VS2 419792F84 074437GY4 419792D45 419792A89 882724XK8 923035BS7 923035BS7 COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 12 191 Description Maturity Date Coupon Par Value Book Value Market Price Market Value Unrealized Gain/Loss Yield To Mat Modified Duration Years To Maturity Month End Portfolio Holdings CUSIP JP MORGAN 03/28/2022 .170 50,000,000.00 49,936,250.00 99.976111 49,988,055.56 51,805.56 JP MORGAN 03/28/2022 .170 50,000,000.00 49,936,250.00 99.976111 49,988,055.56 51,805.56 NATL SEC CLEARING CORP 03/25/2022 .090 50,000,000.00 49,966,625.00 99.976944 49,988,472.22 21,847.22 NATL SEC CLEARING CORP 03/25/2022 .090 50,000,000.00 49,966,625.00 99.976944 49,988,472.22 21,847.22 NATL SEC CLEARING CORP 03/22/2022 .090 85,000,000.00 84,944,112.50 99.977778 84,981,111.11 36,998.61 JP MORGAN 04/08/2022 .170 35,000,000.00 34,955,705.56 99.973056 34,990,569.44 34,863.88 NATL SEC CLEARING CORP 01/25/2022 .060 90,000,000.00 89,973,600.00 99.993333 89,994,000.00 20,400.00 RABOBANKNY 02/14/2022 .110 50,000,000.00 49,972,652.78 99.987778 49,993,888.89 21,236.11 RABO BANK 02/15/2022 .110 50,000,000.00 49,972,652.78 99.987500 49,993,750.00 21,097.22 NATL SEC CLEARING CORP 01/12/2022 .070 20,000,000.00 19,994,633.33 99.996944 19,999,388.89 4,755.56 NATL SEC CLEARING CORP 01/12/2022 .070 15,000,000.00 14,996,325.00 99.996944 14,999,541.67 3,216.67 APPLE 01/12/2022 .050 50,000,000.00 49,991,805.56 99.996944 49,998,472.22 6,666.66 APPLE 01/21/2022 .050 40,000,000.00 39,993,166.67 99.994444 39,997,777.78 4,611.11 PROCTER & GAMBLE 01/26/2022 .050 50,000,000.00 49,991,180.56 99.993056 49,996,527.78 5,347.22 NATL SEC CLEARING CORP 01/12/2022 .070 20,000,000.00 19,995,877.78 99.996944 19,999,388.89 3,511.11 PROCTER & GAMBLE 01/07/2022 .050 28,500,000.00 28,496,041.67 99.998333 28,499,525.00 3,483.33 APPLE 01/12/2022 .050 50,000,000.00 49,992,708.33 99.996944 49,998,472.22 5,763.89 PROCTER & GAMBEL 01/10/2022 .050 50,000,000.00 49,992,847.22 99.997500 49,998,750.00 5,902.78 APPLE 01/21/2022 .050 40,000,000.00 39,993,944.44 99.994444 39,997,777.78 3,833.34 NATL SEC CLEARING CORP 01/26/2022 .060 40,000,000.00 39,992,400.00 99.993056 39,997,222.22 4,822.22 APPLE 01/12/2022 .050 30,000,000.00 29,995,875.00 99.996944 29,999,083.33 3,208.33 APPLE 01/06/2022 .050 55,000,000.00 54,993,125.00 99.998611 54,999,236.11 6,111.11 PROCTER & GAMBLE 02/03/2022 .060 25,000,000.00 24,995,541.67 99.990833 24,997,708.33 2,166.66 NESTLE 01/11/2022 .060 30,000,000.00 29,996,500.00 99.997222 29,999,166.67 2,666.67 ROCHE HOLDINGS 01/12/2022 .060 30,000,000.00 29,996,500.00 99.996944 29,999,083.33 2,583.33 NESTLE 01/11/2022 .060 50,000,000.00 49,994,250.00 99.997222 49,998,611.11 4,361.11 ROCHE HOLDINGS 01/14/2022 .060 30,000,000.00 29,996,750.00 99.996389 29,998,916.67 2,166.67 ROCHE HOLDINGS 01/05/2022 .060 30,000,000.00 29,997,200.00 99.998889 29,999,666.67 2,466.67 ROCHE HOLDINGS 01/10/2022 .050 30,000,000.00 29,997,541.67 99.997500 29,999,250.00 1,708.33 JP MORGAN 01/18/2022 .120 50,000,000.00 49,989,333.33 99.995278 49,997,638.89 8,305.56 JP MORGAN 01/24/2022 .120 90,000,000.00 89,979,300.00 99.993611 89,994,250.00 14,950.00 APPLE 01/27/2022 .050 9,440,000.00 9,439,095.33 99.992778 9,439,318.22 222.89 AMAZON 05/12/2022 .080 10,000,000.00 9,996,444.44 99.963611 9,996,361.11 -83.33 TOYOTA MOTOR CORP 01/19/2022 .100 50,000,000.00 49,993,888.89 99.995000 49,997,500.00 3,611.11 AMAZON 05/18/2022 .080 25,000,000.00 24,990,944.44 99.961944 24,990,486.11 -458.33 PEFCO 05/09/2022 .120 25,000,000.00 24,987,333.33 99.964444 24,991,111.11 3,777.78 JP MORGAN 01/12/2022 .120 40,000,000.00 39,995,333.33 99.996944 39,998,777.78 3,444.45 TOYOTA MOTOR CORP 01/20/2022 .090 30,000,000.00 29,996,850.00 99.994722 29,998,416.67 1,566.67 PEFCO 05/06/2022 .120 25,000,000.00 24,987,666.67 99.965278 24,991,319.44 3,652.77 TOYOTA MOTOR CORP 01/26/2022 .110 30,000,000.00 29,995,966.67 99.993056 29,997,916.67 1,950.00 PEFCO 05/12/2022 .130 25,000,000.00 24,986,458.33 99.963611 24,990,902.78 4,444.45 APPLE 01/31/2022 .060 20,000,000.00 19,998,400.00 99.991667 19,998,333.33 -66.67 APPLE 01/31/2022 .060 20,000,000.00 19,998,466.67 99.991667 19,998,333.33 -133.34 JOHNSON & JOHNSON 05/17/2022 .100 47,000,000.00 46,980,286.11 99.962222 46,982,244.44 1,958.33 JOHNSON & JOHNSON 05/16/2022 .100 47,000,000.00 46,980,416.67 99.962500 46,982,375.00 1,958.33 JOHNSON & JOHNSON 05/17/2022 .100 48,000,000.00 47,979,866.67 99.962222 47,981,866.67 2,000.00 ARCHER DANIELS MIDLAND 01/12/2022 .060 50,000,000.00 49,998,750.00 99.996944 49,998,472.22 -277.78 .086 1,864,940,000.00 1,864,293,488.40 99.987429 1,864,705,565.44 412,077.04 BMO YCD 01/03/2022 .190 60,000,000.00 60,000,000.00 100.000000 60,000,000.00 0.00 BMO 01/10/2022 .150 25,000,000.00 25,000,000.00 100.000000 25,000,000.00 0.00 ROYAL BANK OF CANADA 02/22/2022 .130 50,000,000.00 50,000,000.00 100.000000 50,000,000.00 0.00 ROYAL BANK OF CANADA 03/22/2022 .130 50,000,000.00 50,000,000.00 100.000000 50,000,000.00 0.00 ROYAL BANK OF CANADA 04/18/2022 .150 50,000,000.00 50,000,000.00 100.000000 50,000,000.00 0.00 ROYAL BANK OF CANADA 05/06/2022 .160 45,000,000.00 45,000,000.00 100.000000 45,000,000.00 0.00 NORDEA BK 02/22/2022 .130 50,000,000.00 50,000,000.00 100.000000 50,000,000.00 0.00 NORDEA BK 02/22/2022 .130 50,000,000.00 50,000,000.00 100.000000 50,000,000.00 0.00 TD YCD 05/16/2022 .170 55,000,000.00 55,000,000.00 100.000000 55,000,000.00 0.00 TORONTO DOMINION 01/20/2022 .110 20,000,000.00 20,000,000.00 100.000000 20,000,000.00 0.00 NORDEA BK 03/09/2022 .140 30,000,000.00 29,999,998.84 99.999996 29,999,998.84 0.00 RABOBANK YCD 05/10/2022 .200 30,000,000.00 30,008,603.09 100.028677 30,008,603.09 0.00 BANK OF NOVA SCOTIA 04/07/2022 .230 2,200,000.00 2,200,963.86 100.043812 2,200,963.86 0.00 TORONTO DOMINION 01/24/2022 .100 25,000,000.00 25,000,000.00 100.000000 25,000,000.00 0.00 ROYAL BANK OF CANADA 05/16/2022 .160 25,000,000.00 25,000,000.00 100.000000 25,000,000.00 0.00 TORONTO DOMINION 06/13/2022 .150 30,000,000.00 30,000,000.00 100.000000 30,000,000.00 0.00 BMO YCD 06/23/2022 .150 55,000,000.00 55,000,000.00 100.000000 55,000,000.00 0.00 BMO YCD 05/05/2022 .160 50,000,000.00 50,000,000.00 100.000000 50,000,000.00 0.00 TORONTO DOMINION 07/08/2022 .200 45,000,000.00 45,000,000.00 100.000000 45,000,000.00 0.00 BANK OF MONTREAL YCD 07/18/2022 .210 25,000,000.00 25,000,000.00 100.000000 25,000,000.00 0.00 BANK OF NOVA SCOTIA 04/13/2022 .220 8,200,000.00 8,201,926.72 100.023497 8,201,926.72 0.00 TORONTO DOMINION YCD 10/27/2022 .300 45,000,000.00 45,000,000.00 100.000000 45,000,000.00 0.00 TORONTO DOMINION 11/03/2022 .310 55,000,000.00 55,000,000.00 100.000000 55,000,000.00 0.00 TORONTO DOMINION 09/29/2022 .280 55,000,000.00 55,000,000.00 100.000000 55,000,000.00 0.00 BANK OF MONTREAL 01/31/2022 .110 55,000,000.00 55,000,000.00 100.000000 55,000,000.00 0.00 SVENSKA HANDEL 03/03/2022 .155 8,000,000.00 8,000,121.68 100.001521 8,000,121.68 0.00 SVENSKA HANDEL 05/12/2022 .205 50,000,000.00 50,001,235.00 100.002470 50,001,235.00 0.00 Svenska Handelsbanken YCD 08/12/2022 .280 50,000,000.00 50,000,000.00 100.000000 50,000,000.00 0.00 RABOBANK YCD 07/14/2022 .240 50,000,000.00 50,000,000.00 100.000000 50,000,000.00 0.00 RABOBANK YCD 08/12/2022 .270 50,000,000.00 50,000,000.00 100.000000 50,000,000.00 0.00 ROYAL BANK OF CANADA YCD 11/17/2022 .380 50,000,000.00 50,000,000.00 100.000000 50,000,000.00 0.00 ROYAL BANK OF CANADA YCD 10/18/2022 .340 50,000,000.00 50,000,000.00 100.000000 50,000,000.00 0.00 BANK OF NOVA SCOTIA 02/16/2022 .150 130,000,000.00 130,000,000.00 100.000000 130,000,000.00 0.00 SVENSKA HANDEL 02/17/2022 .135 50,000,000.00 50,000,624.80 100.001250 50,000,624.80 0.00 BANK OF NOVA SCOTIA 03/18/2022 .160 25,000,000.00 24,999,991.75 99.999967 24,999,991.75 0.00 NORDEA BK YCD 08/19/2022 .330 50,000,000.00 50,000,000.00 100.000000 50,000,000.00 0.00 TORONTO DOMINION YCD 11/10/2022 .430 75,000,000.00 75,000,000.00 100.000000 75,000,000.00 0.00 ROYAL BANK OF CANADA YCD 11/08/2022 .450 75,000,000.00 75,000,000.00 100.000000 75,000,000.00 0.00 BANK OF MONTREAL YCD 09/02/2022 .410 30,000,000.00 30,000,000.00 100.000000 30,000,000.00 0.00 SVENSKA HANDEL 03/08/2022 .155 100,000,000.00 100,001,249.53 100.001250 100,001,249.53 0.00 BANK OF NOVA SCOTIA 03/22/2022 .220 50,000,000.00 49,999,999.81 100.000000 49,999,999.81 0.00 RABO BANK YCD 09/06/2022 .380 30,000,000.00 30,000,000.00 100.000000 30,000,000.00 0.00 SVENSKA HANDEL 09/02/2022 .310 60,000,000.00 60,004,423.53 100.007373 60,004,423.53 0.00 TORONTO DOMINION 09/06/2022 .370 20,000,000.00 20,000,000.00 100.000000 20,000,000.00 0.00 BANK OF MONTREAL 03/10/2022 .150 30,000,000.00 30,000,000.00 100.000000 30,000,000.00 0.00 ROYAL BANK OF CANADA 09/09/2022 .360 25,000,000.00 25,000,000.00 100.000000 25,000,000.00 0.00 TORONTO DOMINION 11/21/2022 .430 30,000,000.00 30,000,000.00 100.000000 30,000,000.00 0.00 ROYAL BANK OF CANADA 11/21/2022 .500 25,000,000.00 25,000,000.00 100.000000 25,000,000.00 0.00 BANK OF MONTREAL YCD 09/16/2022 .380 15,000,000.00 15,000,000.00 100.000000 15,000,000.00 0.00 TORONTO DOMINION YCD 11/22/2022 .440 15,000,000.00 15,000,000.00 100.000000 15,000,000.00 0.00 .235 2,133,400,000.00 2,133,419,138.61 100.000897 2,133,419,138.61 0.00 4510: NCD-Var-SOFR-M A/360 89114WNL5 .440 .889 .893 .233 .439 .440 78012U2T1 .500 .885 .890 06367CQX8 .380 .706 .710 78012U2M6 .360 .687 .690 89114WNE1 .430 .886 .890 89114WMR3 .370 .679 .682 06367CPX9 .150 .189 .189 86959RVS6 21684XUJ3 86959RVT4 .300 .669 .671 21684XUA2 78012UZ57 78012UZ40 86959RUZ1 06417MSS5 06367CPR2 .841 .150 .169 .170 .280 .743 .745 .110 06417MNM3 .170 .282 .282 .085 .085 89114WJP1 .300 .819 .822 .200 .516 .518 06367CME4 89114WHT5 06367CMV6 .210 .544 .545 06367CM53 .150 .476 .477 .160 .342 .342 .160 .372 .37378012UU29 89114WG41 .150 .448 .449 06417MNJ0 .160 .265 .266 .100 .066 .066 65558UEU2 .140 .186 .186 21684XQS8 .160 .355 .356 89114WEK7 .170 .372 .373 89114WEM3 .110 .055 .055 65558UFJ6 .130 .145 .145 65558UFJ6 .130 .145 .145 78012UQ73 .150 .295 78012UQ57 .296 78012UR80 .160 .344 .345 74271UB33 46640QCU3 63763QCR6 06367CE52 06367CEJ2 78012UQ65 46640QAC5 89233HAL8 4500: NCD-Mat A/360 74271UAS9 63763QAC1 3020: COMMERCIAL PAPER 7426M5E67 .120 .345 .345 89233HAS3 .120 .033 .033 .071 .071 .090 .055 .055 .080 .378 .378 7426M3E96 .120 .353 .353 .080 .361 .362 .100 .052 .052 .120 .066 .066 03785EAT1 .050 .074 .074 .050 .027 .027 .120 .049 .049 .060 .014 .014 03785EAC8 03785EA61 .060 .038 .038 64105HAB8 .060 .033 .033 .060 .030 .030 .060 .093 .093 .060 .030 .030 .050 .033 .033 .050 .016 .016 .027 .050 .057 .058 63763QAS6 .060 .071 .071 03785EAM6 .050 .019 .019 74271UAA8 .050 .033 .03303785EAC8 .050 .027 63763QAC1 03785EAC8 63763QCR6 46640QCU3 .050 .033 .090 .230 21687BBF7 .050 .071 .071 .070 .033 .033 .033 63763QAC1 .050 .057 .058 .070 .033 .033 .070 .033 .033 21687BBE0 .110 .126 .126 .060 .068 .068 .110 .123 .123 63763QCN5 .090 .222 .222 .170 .268 .26846640QD81 63763QAR8 .230 .090 .230 .230 .238 .238 .170 .238 .238 .170 74271UA75 89233HAK0 02314QEJ4 64105HAB8 77119MAC1 77119MAE7 77119MA56 46640QAQ4 02314QEC9 .130 .361 .362 03785EAX2 .060 .085 .085 .110 03785EAX2 .060 .085 .085 47816GEH8 .100 .375 .375 7426M3EC9 .127 47816GEG0 .100 .372 .373 47816GEH8 .100 .375 .375 .190 .008 .060 .033 .033 .086 .127 .008 .130 .221 .222 .150 .027 .027 .130 .145 .145 77119MAA5 46640QAJ0 89114WEW1 03948HAC5 03785EAM6 89114WKA2 89114WKC8 86959RSF8 86959RUS7 .200 .361 .310 .838 06367CNJ2 .362 .280 .612 .614 .240 .533 .534 86959RUX6 21684XUB0 .270 .612 .614 .380 .876 .879 .340 .794 .797 06417MSV8 .150 .129 .129 .130 .131 .132 .160 .211 .211 65558UJZ6 .330 .630 .633 89114WMP7 .430 .856 .860 .222 .222 78012U2K0 .450 .850 .855 .410 .668 .671 .380 .679 .682 .150 .183 .184 06417MUC7 .220 COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 13 192 Description Maturity Date Coupon Par Value Book Value Market Price Market Value Unrealized Gain/Loss Yield To Mat Modified Duration Years To Maturity Month End Portfolio Holdings CUSIP BANK OF NOVA SCOTIA 05/16/2022 .140 50,000,000.00 50,000,000.00 100.000000 50,000,000.00 0.00 .140 50,000,000.00 50,000,000.00 100.000000 50,000,000.00 0.00 BANK OF NOVA SCOTIA 07/08/2022 .160 50,000,000.00 50,000,000.00 100.000000 50,000,000.00 0.00 .160 50,000,000.00 50,000,000.00 100.000000 50,000,000.00 0.00 IBRD5 M ZERO 05/16/2022 .090 50,000,000.00 49,980,000.00 99.948000 49,974,000.00 -6,000.00 IBRD4 M ZERO 04/29/2022 .090 25,000,000.00 24,991,687.50 99.971000 24,992,750.00 1,062.50 IBRD8 M ZERO 08/31/2022 .160 25,000,000.00 24,971,444.44 99.842000 24,960,500.00 -10,944.44 .108 100,000,000.00 99,943,131.94 99.927250 99,927,250.00 -15,881.94 IFC3.5Yr 08/22/2024 .250 25,000,000.00 24,980,250.00 98.081000 24,520,250.00 -460,000.00 IFC 3Yr 09/23/2024 .440 25,000,000.00 24,967,250.00 99.869000 24,967,250.00 0.00 IFC 3Yr 10/29/2024 .680 25,000,000.00 24,971,175.00 99.884700 24,971,175.00 0.00 .457 75,000,000.00 74,918,675.00 99.278233 74,458,675.00 -460,000.00 .306 11,248,858,477.09 11,247,581,460.79 99.734618 11,219,005,977.66 -28,575,483.13 .306 11,248,858,477.09 11,247,581,460.79 99.734618 11,219,005,977.66 -28,575,483.13Grand Total .296 1.103 1.118 Total Fund .296 1.103 1.118 45950VQL3 .719 2.792 2.830 .493 2.709 2.736 45950VPQ3 .273 2.629 2.644 45950VQG4 .484 2.705 2.732 .108 .433 .434 6040: IFC-Fxd-S 30/360 459053WD2 .090 .326 .326 459053D92 .160 .664 .666 5025: IBRD-DISC NTE 459053WW0 .090 .372 .373 06417MRX5 .160 .519 .518 .160 .519 .518 .140 .375 .373 4520: NCD-Var-SOFR-Q A/360 06417MSB2 .140 .375 .373 COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR 14 193 COUNTY OF RIVERSIDE TREASURER-TAX COLLECTOR CAPITAL MARKETS COUNTY ADMINISTRATIVE CENTER 4080 LEMON STREET, 4TH FLOOR, RIVERSIDE, CA 92502-2205 WWW.COUNTYTREASURER.ORG 194 AGENDA ITEM 6F Agenda Item 6F RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: March 9, 2022 TO: Riverside County Transportation Commission FROM: Pamela Velez-Renteria, Human Resources Administrator THROUGH: Anne Mayer, Executive Director SUBJECT: Approve Resolution No. 22-006, “Resolution of the Riverside County Transportation Commission Adopting the Restated Riverside County Transportation Commission 401(a) Governmental Money Purchase Plan and Trust” STAFF RECOMMENDATION: This item is for the Commission to: 1) Review the Restated Riverside County Transportation Commission 401(a) Governmental Money Purchase Plan and Trust, as modified by the adoption agreement; and 2) Adopt Resolution No. 22-006, “Resolution of The Riverside County Transportation Commission Adopting the Restated Riverside County Transportation Commission 401(a) Governmental Money Purchase Plan and Trust.” BACKGROUND INFORMATION: In 1989, the Commission established a Riverside County Transportation Commission 401(a) Governmental Money Purchase Retirement Plan and Trust, as modified by the adoption agreement, (collectively, the “Plan”) with ICMA (now referred to as MissionSquare) to provide retirement funds for eligible employees and their beneficiaries. The Plan provides benefits to regular benefited employees. Since 1998, the Commission has contributed the equivalent to 7.5 percent of annual compensation to the Plan for each eligible employee. Participants are vested after five years of Commission service and are eligible to withdraw funds after separation from the Commission. The Internal Revenue Service (IRS) requires restatement of plans on a regular amendment cycle to incorporate legislative and regulatory changes. Pursuant to this requirement, MissionSquare has requested the Commission adopt the Restated Plan, as modified by the adoption agreement, prepared by MissionSquare. Therefore, staff is requesting that the Commission adopt Resolution No. 22-006 to approve the Restated Plan, as modified by the adoption agreement, and that it authorize the Executive Director, or his or her designee, to execute the Restated Plan, as modified by the adoption agreement. Staff seeks further authorization from the Commission for the Executive Director, or his or her designee, to approve and sign any subsequent restatements or amendments to the Restated Plan that contain only non-substantive and/or administrative changes, or that are 195 Agenda Item 6F consistent with substantive changes that have been approved by separate resolution or other action of the Commission or the Executive Committee. There is no direct fiscal impact associated with this recommended action. The adoption of Resolution No. 22-006 merely amends the Plan in accordance with applicable law. Attachments: 1) Resolution No. 22-006 2) Restated Riverside County Transportation Commission 401(a) Governmental Money Purchase Plan and Trust 196 RESOLUTION NO. 22-006 RESOLUTION OF THE RIVERSIDE COUNTY TRANSPORTATION COMMISSION ADOPTING THE RESTATED RIVERSIDE COUNTY TRANSPORTATION COMMISSION 401(a) GOVERNMENTAL MONEY PURCHASE PLAN AND TRUST WHEREAS, the Riverside County Transportation Commission (Commission) adopted personnel policies and procedures in 1989 establishing the terms and conditions of the Riverside County Transportation Commission 401(a) Governmental Money Purchase Plan and Trust, as modified by the adoption agreement, (collectively, the “Plan”) for eligible employees of the Commission; and WHEREAS, the Commission restated the Plan effective January 1, 2007; and WHEREAS, MissionSquare Retirement Corporation has provided to the Commission a restated Riverside County Transportation Commission 401(a) Governmental Money Purchase Plan and Trust (“Restated Plan”) which updates the Plan to comply with legislative and regulatory changes that have been enacted since the Plan was last restated; and WHEREAS, the Restated Plan includes an adoption agreement that sets forth the terms and conditions of the Restated Plan that are applicable to the Commission; and WHEREAS, the Restated Plan, as modified by the adoption agreement, is consistent with the current terms of the Plan, as modified by its adoption agreement, except with respect to legislative and regulatory changes that do not change the substantive terms of the Plan as previously approved by the Commission; and WHEREAS, the Commission acknowledges the ongoing purpose of the Restated Plan to provide retirement benefits to all regular benefited employees, as defined in the Personnel Policies and Procedures Manual; and WHEREAS, the Commission acknowledges its ongoing obligation to contribute 7.5% of participants’ annual compensation to the Restated Plan; and WHEREAS, the Commission wishes to authorize the Executive Director, or his or her designee, to execute the Restated Plan, as modified by the adoption agreement, on behalf of the Commission; and WHEREAS, the Commission wishes to further authorize the Executive Director, or his or her designee, to approve and sign any subsequent restatements or amendments to the Restated Plan that contain only non-substantive and/or administrative changes, or that are consistent with substantive changes that have been approved by separate resolution or other action of the Commission or its Executive Committee. ATTACHMENT 1 197 NOW, THEREFORE, BE IT RESOLVED that the Board of Commissioners of the Riverside County Transportation Commission hereby approves the Restated Riverside County Transportation Commission 401(a) Governmental Money Purchase Plan and Trust, as modified by the adoption agreement, effective January 1, 2022. BE IT FURTHER RESOLVED that the Board of Commissioners of the Riverside County Transportation Commission authorizes the Executive Director, or his or her designee, to execute the Restated Plan, as modified by the adoption agreement, on behalf of the Commission. BE IT FURTHER RESOLVED that the Board of Commissioners of the Riverside County Transportation Commission further authorizes the Executive Director, or his or her designee, to approve and sign any subsequent restatements or amendments to the Restated Plan that contain only non-substantive and/or administrative changes, or that are consistent with substantive changes that have been approved by separate resolution or other action of the Commission or its Executive Committee. APPROVED AND ADOPTED this 9th day of March, 2022. V. Manuel Perez, Chair Riverside County Transportation Commission ATTEST: Lisa Mobley, Administrative Services Manager/Clerk of the Board Riverside County Transportation Commission 198 ICMA Retirement Corporation doing business as MissionSquare Retirement Governmental Money Purchase Plan Adoption Agreement ATTACHMENT 2 199  MissionSquare Retirement Governmental Money Purchase Plan Adoption Agreement 2 MissionSquare Retirement Governmental Money Purchase Plan Adoption Agreement Plan Number: 108975 The Employer hereby establishes a Money Purchase Plan to be known as RIVERSIDE COUNTY TRANSP COMM (the “Plan”) in the form of the MissionSquare Retirement Governmental Money Purchase Plan. New Plan or Amendment and Restatement (Check One): [X] Amendment and Restatement This Plan is an amendment and restatement of an existing defined contribution Money Purchase Plan. Please specify the name of the defined contribution Money Purchase Plan which this Plan hereby amends and restates: Riverside County Transportation Commission Effective Date of Restatement. The effective date of the Plan shall be: (Note: The effective date can be no earlier than the first day of the Plan Year in which this restatement is adopted. If no date is provided, by default, the effective date will be the first day of the Plan Year in which the restatement is adopted.) [ ] New Plan Effective Date of New Plan. The effective date of the Plan shall be the first day of the Plan Year during which the Employer adopts the Plan, unless an alternate effective date is hereby specified: (Note: An alternate effective date can be no earlier than the first day of the Plan Year in which the Plan is adopted.) I.EMPLOYER: Riverside County Transportation Commission (The Employer must be a governmental entity under Internal Revenue Code § 414(d)) II.SPECIAL EFFECTIVE DATES Please note here any elections in the Adoption Agreement with an effective date that is different from that noted above. (Note provision and effective date.) III. PLAN YEAR The Plan Year will be: [X] January 1 – December 31 (Default) [ ]  The 12 month period ending Month Day 200  MissionSquare Retirement Governmental Money Purchase Plan Adoption Agreement 3 IV. Normal Retirement Age shall be age 62 (not less than 55 nor in excess of 65). Important Note to Employers: Normal Retirement Age is significant for determining the earliest date at which the Plan may allow for in-service distributions. Normal Retirement Age also defines the latest date at which a Participant must have a fully vested right to his/her Account. There are IRS rules that limit the age that may be specified as the Plan's Normal RetirementAge. The Normal Retirement Age cannot be earlier than what is reasonably representative of the typical retirement age for theindustry in which the covered workforce is employed. In 2016, the Internal Revenue Service proposed regulations that would provide rules for determining whether a governmentalpension plan's normal retirement age satisfies the Internal Revenue Code's qualification requirements. A normal retirement agethat is age 62 or later is deemed to be not earlier than the earliest age that is reasonably representative of the typical retirementage for the industry in which the covered workforce is employed. Whether an age below 62 satisfies this requirement dependson the facts and circumstances, but an Employer's good faith, reasonable determination will generally be given deference. Aspecial rule, however, says that a normal retirement age that is age 50 or later is deemed to be not earlier than the earliest agethat is reasonably representative of the typical retirement age for the industry in which the covered workforce is employedif the participants to which this normal retirement age applies are qualified public safety employees (within the meaning ofsection 72(t)(10)(B)). These regulations are proposed to be effective for employees hired during plan years beginning on orafter the later of: (1) January 1, 2017; or (2) the close of the first regular legislative session of the legislative body with theauthority to amend the plan that begins on or after the date that is 3 months after the final regulations are published in theFederal Register. In the meantime, however, governmental plan sponsors may rely on these proposed regulations. In lieu of age-based Normal Retirement Age, the Plan shall use the following age and service-based Normal Retirement Age Important Note to Employers: Before using a Normal Retirement Age based on age and service, a plan sponsor should review the proposed regulations (81 Fed. Reg. 4599 (Jan. 27, 2016)) and consult counsel. V. COVERED EMPLOYMENT CLASSIFICATIONS 1. The following group or groups of Employees are eligible to participate in the Plan: [ ]  All Employees [ ]  All Full Time Employees [ ]  Salaried Employees [ ]  Non union Employees [ ]  Management Employees [ ]  Public Safety Employees [ ]  General Employees [X]  Other Employees (Specify the group(s) of eligible Employees below. Do not specify Employees by name.   Specific positions are acceptable.) All Regular, benefited employees The group specified must correspond to a group of the same designation that is defined in the statutes, ordinances, rules, regulations, personnel manuals or other material in effect in the state or locality of the Employer. The eligibility requirements cannot be such that an Employee becomes eligible only in the Plan Year in which the Employee terminates employment. Note: As stated in Sections 4.08 and 4.09, the Plan may, however, provide that Final Pay Contributions or Accrued Leave Contributions are the only contributions made under the Plan. 201  MissionSquare Retirement Governmental Money Purchase Plan Adoption Agreement 4 2. Period of Service required for participation [X]  N/A – The Employer hereby waives the requirement of a Period of Service for participation. Employees are eligible to participate upon employment. (“N/A” is the default provision under the Plan if no selection is made.) [ ]  Yes. The required Period of Service shall be months (not to exceed 12 months). The Period of Service selected by the Employer shall apply to all Employees within the Covered Employment Classification. 3. Minimum Age (Select One) – A minimum age requirement is hereby specified for eligibility to participate. [ ] Yes. Age (not to exceed age 21). [X] N/A – No minimum age applies (“N/A” is the default provision under the Plan if no selection is made.) VI. CONTRIBUTION PROVISIONS 1.The Employer shall contribute as follows: (Choose all that apply, but at least one of Options A or B. If Option A is   not selected, Employer must pick up Mandatory Participant Contributions under Option B.) Fixed Employer Contributions With or Without Mandatory Participant Contributions. (If Option B is chosen, please complete section C.) [X] A. Fixed Employer Contributions. The Employer shall contribute on behalf of each Participant 7.5 % of Earnings or    $ for the Plan Year (subject to the limitations of Article V of the Plan). Mandatory Participant Contributions [ ] are required [X] are not required to be eligible for this Employer Contribution. [ ] B. Mandatory Participant Contributions for Plan Participation Required Mandatory Contributions. A Participant is required to contribute (subject to the limitations of Article V of the Plan) the specified amounts designated in items (i) through (iii) of the Contribution Schedule below: [ ] Yes   [ ] No Employee Opt-In Mandatory Contributions. To the extent that Mandatory Participant Contributions are not required by the Plan, each Employee eligible to participate in the Plan shall be given the opportunity, when first eligible to participate in the Plan or any other plan or arrangement of the Employer described in Code section 219(g)(5)(A) to irrevocably elect to contribute Mandatory Participant Contributions by electing to contribute the specified amounts designated in items (i) through (iii) of the Contribution Schedule below for each Plan Year (subject to the limitations of Article V of the Plan): [ ] Yes   [ ] No 202  MissionSquare Retirement Governmental Money Purchase Plan Adoption Agreement 5 Contribution Schedule. (Any percentage or dollar amount entered below must be greater than 0% or $0.) i. % of Earnings, ii. $ , or iii. a whole percentage of Earnings between the range of (insert range of percentages between 1% and 20% inclusive (e.g., 3%, 6%, or 20%; 5% to 7%)), as designated by the Employee in accordance with guidelines and procedures established by the Employer for the Plan Year as a condition of participation in the Plan. A Participant must pick a single percentage and shall not have the right to discontinue or vary the rate of such contributions after becoming a Plan Participant. Employer “Pick up”. The Employer hereby elects to “pick up” the Mandatory Participant Contributions1 (pickup is required if Option A is not selected) [ ] Yes [ ] No (“Yes” is the default provision under the Plan if no selection is made.) [ ] C. Election Window (Complete if Option B is selected): Newly eligible Employees shall be provided an election window of days (no more than 60 calendar– days) from the date of initial eligibility during which they may make the election to participate in the Mandatory Participant Contribution portion of the Plan. Participation in the Mandatory Participant Contribution portion of the Plan shall begin the first of the month following the end of the election window. An Employee's election is irrevocable and shall remain in force until the Employee terminates employment or ceases to be eligible to participate in the Plan. In the event of re-employment to an eligible position, the Employee's original election will resume. In no event does the Employee have the option of receiving the pick-up contribution amount directly. 2.  The Employer may also elect to make Employer Matching Contributions as follows: [ ] Fixed Employer Match of After-Tax Voluntary Participant Contributions. (Do not complete this section unless   the Plan permits after-tax Voluntary Participant Contributions under Section VI.3 of the Adoption Agreement.) The Employer shall contribute on behalf of each Participant    % of Earnings for the Plan Year (subject to the limitations of Article V of the Plan) for each Plan Year that such Participant has contributed   % of Earnings or $   . Under this option, there is a single, fixed rate of Employer Contributions, but a Participant may decline to make the Voluntary Participant Contributions in any Plan Year, in which case no Employer Contribution will be made on the Participant's behalf in that Plan Year. 1Neither an IRS opinion letter nor a determination letter issued to an adopting Employer is a ruling by the Internal Revenue Service that Participant contributions that are “picked up” by the Employer are not includable in the Participant's gross income for federal income tax purposes. Pick-up contributions are not mandated to receive private letter rulings; however, if an adopting Employer wishes to receive a ruling on pick-up contributions they may request one in accordance with Revenue Procedure 2012-4 (or subsequent guidance). 203  MissionSquare Retirement Governmental Money Purchase Plan Adoption Agreement 6 [ ] Variable Employer Match of After-Tax Voluntary Participant Contributions. (Do not complete unless the Plan   permits after-tax Voluntary Participant Contributions under Section VI.3 of the Adoption Agreement.) The Employer shall contribute on behalf of each Participant an amount determined as follows (subject to the limitations of Article V of the Plan): % of the Voluntary Participant Contributions made by the Participant for the Plan Year (not including Voluntary Participant Contributions exceeding   % of Earnings or $   ); PLUS  % of the contributions made by the Participant for the Plan Year in excess of those included in the above paragraph (but not including Voluntary Participant Contributions exceeding in the aggregate   % of Earnings or $   ). Employer Matching Contributions on behalf of a Participant for a Plan Year shall not exceed $ or % of Earnings, whichever is [ ] more or [ ] less. [ ] Fixed Employer Match of Participant 457(b) Plan Deferrals. The Employer shall contribute on behalf of each   Participant   % of Earnings for the Plan Year (subject to the limitations of Article V of the Plan) for each Plan   Year that such Participant has deferred   % of Earnings or $    to the Employer's 457(b) deferred   compensation plan. Under this option, there is a single, fixed rate of Employer Contributions, but a Participant may   decline to make the required 457(b) deferrals in any Plan Year, in which case no Employer Contribution will be   made on the Participant's behalf in that Plan Year. [ ] Variable Employer Match of Participant 457(b) Plan Deferrals. The Employer shall contribute on behalf of each Participant an amount determined as follows (subject to the limitations of Article V of the Plan): % of the elective deferrals made by the Participant to the Employer's 457(b) plan for the Plan Year (not including Participant contributions exceeding % of Earnings or $ ); PLUS % of the elective deferrals made by the Participant to the Employer's 457(b) plan for the Plan Year in excess of those included in the above paragraph (but not including elective deferrals made by a Participant to the Employer's 457(b) plan exceeding in the aggregate % of Earnings or $   ). Employer Matching Contributions on behalf of a Participant for a Plan Year shall not exceed $ or % of Earnings, whichever is [ ] more or [ ] less. 3. Each Participant may make a Voluntary Participant Contribution, subject to the limitations of Section 4.06 and Article V of the Plan [ ] Yes [X] No (“No” is the default provision under the Plan if no selection is made.) 4. Employer contributions for a Plan Year shall be contributed to the Trust in accordance with the following payment schedule (no later than the 15th day of the tenth calendar month following the end of the calendar year or fiscal year (as applicable depending on the basis on which the Employer keeps its books) with or within which the particular Limitation Year ends, or in accordance with applicable law): [ ] Weekly [X] Biweekly [ ] Monthly [ ] Annually in (specify month) 204  MissionSquare Retirement Governmental Money Purchase Plan Adoption Agreement 7 5. Participant contributions for a Plan Year shall be contributed to the Trust in accordance with the following payment schedule (no later than the 15th day of the tenth calendar month following the end of the calendar year or fiscal year (as applicable depending on the basis on which the Employer keeps its books) with or within which the particular Limitation Year ends, or in accordance with applicable law): [ ] Weekly [ ] Biweekly [ ] Monthly [ ] Annually in (specify month) 6. In the case of a Participant performing qualified military service (as defined in Code section 414(u)) with respect to the Employer: A. Plan contributions will be made based on differential wage payments: [X] Yes [ ] No (“Yes” is the default provision under the Plan if no selection is made.) B. Participants who die or become disabled will receive Plan contributions with respect to such service: [ ] Yes [X] No (“No” is the default provision under the Plan if no selection is made.) VII. Earnings Earnings, as defined under Section 2.09 of the Plan, shall include: 1.Overtime [ ] Yes [X] No (“No” is the default provision under the Plan if no selection is made.) 2.Bonuses [ ] Yes [X] No (“No” is the default provision under the Plan if no selection is made.) 3. Other Pay (specifically describe any other types of pay to be included below) VIII. ROLLOVER PROVISIONS 1.The Employer will permit Rollover Contributions in accordance with Section 4.13 of the Plan: [X] Yes [ ] No (“Yes” is the default provision under the Plan if no selection is made.) 205  MissionSquare Retirement Governmental Money Purchase Plan Adoption Agreement 8 IX. LIMITATION ON ALLOCATIONS If the Employer maintains or ever maintained another qualified plan in which any Participant in this Plan is (or was) a participant or could possibly become a participant, the Employer hereby agrees to limit contributions to all such plans as provided herein, if necessary in order to avoid excess contributions (as described in Section 5.02 of the Plan). 1. If the Participant is covered under another qualified defined contribution plan maintained by the Employer, the provisions of Section 5.02(a) through (e) of the Plan will apply, unless another method has been indicated below. [ ] Other Method. (Provide the method under which the plans will limit total Annual Additions to the Maximum Permissible Amount, and will properly reduce any Excess Amounts, in a manner that precludes Employer discretion.) 2. The Limitation Year is the following 12 consecutive month period: X. VESTING PROVISIONS The Employer hereby specifies the following vesting schedule, subject to (1) the Code's vesting requirements in effect on September 1, 1974 and (2) the concurrence of the Plan Administrator. (For the blanks below, enter the applicable percentage - from 0 to 100 (with no entry after the year in which 100% is entered), in ascending order.) The following vesting schedule may apply to a Participant's interest in his/her Employer Contribution Account. The vesting schedule does not apply to Elective Deferrals, Catch-up Contributions, Mandatory Participant Contributions, Rollover Contributions, Voluntary Participant Contributions, Deductible Employee Contributions, Employee Designated Final Pay Contributions, and Employee Designated Accrued Leave Contributions, and the earnings thereon. Period of Service Completed Percent Vested Zero 0% One 20% Two 40% Three 60% Four 80% Five 100% Six % Seven % Eight % Nine % Ten % 206  MissionSquare Retirement Governmental Money Purchase Plan Adoption Agreement 9 XI. WITHDRAWALS AND LOANS 1.In-service distributions are permitted under the Plan after a Participant attains (select one of the below options): [ ] Normal Retirement Age [X] 70 ½ (“70 ½” is the default provision under the Plan if no selection is made.) [ ] Alternate age (after Normal Retirement Age):    [ ] Not permitted at any age 2.A Participant shall be deemed to have a severance from employment solely for purposes of eligibility to receive distributions from the Plan during any period the individual is performing service in the uniformed services for more than 30 days. [X] Yes [ ] No (“Yes” is the default provision under the Plan if no selection is made.) 3.Tax-free distributions of up to $3,000 for the direct payment of Qualified Health Insurance Premiums for Eligible Retired Public Safety Officers are available under the Plan. [ ] Yes [X] No (“No” is the default provision under the Plan if no selection is made.) 4.In-service distributions of the Rollover Account are permitted under the Plan as provided in Section 9.07 [X] Yes [ ] No (“No” is the default provision under the Plan if no selection is made.) 5.Loans are permitted under the Plan, as provided in Article XIII of the Plan: [X] Yes [ ] No (“No” is the default provision under the Plan if no selection is made.) XII. SPOUSAL PROTECTION The Plan will provide the following level of spousal protection (select one): [ ] 1. Participant Directed Election. The normal form of payment of benefits under the Plan is a lump sum. The Participant can name any person(s) as the Beneficiary of the Plan, with no spousal consent required. [X] 2. Beneficiary Spousal Consent Election (Article XII of the Plan will apply if option 2 is selected). The normal form of payment of benefits under the Plan is a lump sum. Upon death, the surviving spouse is the Beneficiary, unless he or she consents to the Participant's naming another Beneficiary. ("Beneficiary Spousal Consent Election" is the default provision under the Plan if no selection is made.) [ ] 3. QJSA Election (Article XVII). The normal form of payment of benefits under the Plan is a 50% qualified joint and survivor annuity with the spouse (or life annuity, if single). In the event of the Participant's death prior to commencing payments, the spouse will receive an annuity for his or her lifetime. (If option 3 is selected, the spousal consent requirements in Article XII of the Plan also will apply.) 207  MissionSquare Retirement Governmental Money Purchase Plan Adoption Agreement 10 XIII. FINAL PAY CONTRIBUTIONS (Under the Plan's definitions, Earnings automatically include leave cashouts paid by the later of 2 ½ months after severance from employment or the end of the calendar year. If the Plan will provide additional contributions based on the Participant's final paycheck attributable to Accrued Leave, please provide instructions in this section. Otherwise, leave this section blank.) The Plan will provide for Final Pay Contributions if either 1 or 2 below is selected. The following group of Employees shall be eligible for Final Pay Contributions: [ ] 1. Employees within the Covered Employment Classification identified in section V of the Adoption Agreement. [ ] 2. Other: (This must be a subset of the Covered Employment Classification identified in section V of the Adoption Agreement.) Final Pay shall be defined as (select one): [ ] A. Accrued unpaid vacation [ ] B. Accrued unpaid sick leave [ ] C. Accrued unpaid vacation and sick leave [ ] D. Other (insert definition of Final Pay - must be leave that Employee would have been able to use if employment had continued and must be bona fide vacation and/or sick leave): [ ] 1. Employer Final Pay Contribution. The Employer shall contribute on behalf of each Participant % of their Final Pay to the Plan (subject to the limitations of Article V of the Plan). [ ] 2. Employee Designated Final Pay Contribution. Each Employee eligible to participate in the Plan shall be given the opportunity at enrollment to irrevocably elect to contribute % (insert fixed percentage of Final Pay to be contributed) or up to % (insert maximum percentage of Final Pay to be contributed) of Final Pay to the Plan (subject to the limitations of Article V of the Plan). Once elected, an Employee's election shall remain in force and may not be revised or revoked. XIV. ACCRUED LEAVE CONTRIBUTIONS The Plan will provide for unpaid Accrued Leave Contributions annually if either 1 or 2 is selected below. The following group of Employees shall be eligible for Accrued Leave Contributions: [ ] 1. Employees within the Covered Employment Classification identified in section V of the Adoption Agreement. [ ] 2. Other: (This must be a subset of the Covered Employment Classification identified in section V of the Adoption Agreement.) Accrued Leave shall be defined as (select one): [ ] A. Accrued unpaid vacation [ ] B. Accrued unpaid sick leave [ ] C. Accrued unpaid vacation and sick leave [ ] D. Other (insert definition of Accrued Leave that is bona fide vacation and/or sick leave): 208  MissionSquare Retirement Governmental Money Purchase Plan Adoption Agreement 11 [ ] 1. Employer Accrued Leave Contribution. The Employer shall contribute as follows (choose one of the following options): [ ] For each Plan Year, the Employer shall contribute on behalf of each eligible Participant the unused Accrued Leave in excess of to the Plan (subject to the limitations of Article V of the Plan). [ ] For each Plan Year, the Employer shall contribute on behalf of each eligible Participant % of un- used Accrued Leave to the Plan (subject to the limitations of Article V of the Plan). [ ] 2. Employee Designated Accrued Leave Contribution Each eligible Participant shall be given the opportunity at enrollment to irrevocably elect to annually contribute % (insert fixed percentage of unpaid Accrued Leave to be contributed) or up to % (insert maximum percentage of unpaid Accrued Leave to be contributed) of unpaid Accrued Leave to the Plan (subject to the limitations of Article V of the Plan). Once elected, an Employee's election shall remain in force and may not be revised or revoked. XV. The Employer hereby attests that it is a unit of state or local government or an agency or instrumentality of one or more units of state or local government. XVI. The Employer understands that this Adoption Agreement is to be used with only the MissionSquare Retirement Money Purchase Plan. This MissionSquare Retirement Governmental Money Purchase Plan is a restatement of a previous plan, which was submitted to the Internal Revenue Service for approval on December 31, 2018 and received approval on June 30, 2020. The Plan Administrator will inform the Employer of any amendments to the Plan made pursuant to Section 14.05 of the Plan or of the discontinuance or abandonment of the Plan. The Employer understands that an amendment(s) made pursuant to Section 14.05 of the Plan will become effective within 30 days of notice of the amendment(s) unless the Employer notifies the Plan Administrator, in writing, that it disapproves of the amendment(s). If the Employer so disapproves, the Plan Administrator will be under no obligation to act as Administrator under the Plan. XVII. The Employer hereby appoints the ICMA Retirement Corporation, doing business as MissionSquare Retirement, as the Plan Administrator pursuant to the terms and conditions of the MISSIONSQUARE RETIREMENT GOVERNMENTAL MONEY PURCHASE PLAN. The Employer hereby agrees to the provisions of the Plan. 209  MissionSquare Retirement Governmental Money Purchase Plan Adoption Agreement 12 XVIII. The Employer understands that it must complete a new Adoption Agreement upon first adoption of the Plan. Additionally, upon any modifications to a prior election, making of new elections, or restatements of the Plan, a new Adoption Agreement must be completed. The Employer hereby acknowledges it understands that failure to properly fill out this Adoption Agreement may result in disqualification of the Plan. XIX. An adopting Employer may rely on an Opinion Letter issued by the Internal Revenue Service as evidence that the Plan is qualified under section 401 of the Internal Revenue Code only to the extent provided in Rev. Proc. 2017-41. The Employer may not rely on the Opinion Letter in certain other circumstances or with respect to certain qualification requirements, which are specified in the Opinion Letter issued with respect to the Plan and in Rev. Proc. 2017-41. In Witness Whereof, the Employer hereby causes this Money Purchase Plan Adoption Agreement to be executed. EMPLOYER SIGNATURE & DATE Signature of Authorized Plan Representative: Print Name: Title: Attest: Date: _____/_____ /_________. 210  MissionSquare Retirement Governmental Money Purchase Plan Adoption Agreement 13 For inquiries regarding adoption of the plan, the meaning of plan provisions, or the effect of the Opinion Letter, contact: MissionSquare Retirement 777 N. Capitol St. NE Suite 600 Washington, DC 20002 800-326-7272 52582-0621-W1304 211 AGENDA ITEM 6G Agenda Item 6G RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: March 9, 2022 TO: Riverside County Transportation Commission FROM: Budget and Implementation Committee Ariel Alcon Tapia, Senior Management Analyst – External Affairs David Knudsen, Interim External Affairs Director THROUGH: Anne Mayer, Executive Director SUBJECT: Quarterly Public Engagement Metrics Report, October-December 2021 BUDGET AND IMPLEMENTATION COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to receive and file Quarterly Public Engagement Metrics Report for October-December 2021. BACKGROUND INFORMATION: Public engagement activities continue to be monitored and measured for Quarterly Public Engagement Metrics Reports. This report covers the fourth quarter of 2021, from October to December. The quarterly reports are a data-driven approach to monitor the Commission’s progress toward public engagement goals, to analyze the effectiveness of its efforts, and to provide transparency into how the Commission uses resources to engage with the public. This quarter’s report includes six sets of data: 1) Metrics for RCTC’s overall public engagement activities, including website use and access; website top pages visited; email notifications; overall public sentiment on social media; and social media followers, engagement, and reach. 2) Metrics for the Route 60 Truck Lanes Project including email activity, website sessions, and social media. 3) Metrics for the I-15 Railroad Canyon Interchange Project including email activity, website sessions, text messages, and social media. 4) Metrics for the I-215 Placentia Avenue Interchange Project including email activity, website sessions, and social media. 5) Metrics for the 91 Corridor Operations Project including email activity, website sessions, and social media. The project is substantially complete. 6) Metrics for RCTC’s 15/91 Express Lanes Connector Project including email activity, website sessions, and social media. This report highlights public engagement activity and includes a summary graphic. The metrics showed mixed engagement results across platforms and overall positive sentiment. During this quarter, digital advertising was less than in the previous quarter, which affects engagement. 212 Agenda Item 6G RCTC Overall Public Engagement 1) Website a. For the quarter, there were 32,671 website visits, a 17.4% decrease from last quarter’s 39,565 visits. There also were 23,896 unique users, a decline of 19.9% compared to the previous quarter’s 29,814 unique users. b. Most visitors (42.8%) used organic search engines to reach the website, while 34.9% accessed the website using direct search (keying in rctc.org). Others accessed via social media (14.1%) and website referrals (8.2%). Significantly more users visited the website via social media links, compared to the previous quarter. c. Website access via desktop versus mobile devices changed again significantly from the previous quarter. Visits were 48% via desktop and 52% via mobile device. During the previous quarter, 58% used desktop, compared to 42% mobile, to access the website. d. The homepage continues to be the most frequently visited page, followed by The Point blog, 15/91 Express Lanes Connector Project page, and the Employment page. 2) Social Media a. Facebook: The Facebook page hit a milestone with 10,010 followers. The page had 1,766 forms of engagement, such as likes, comments and shares, a 15% increase from last quarter’s 1,541 forms of engagement. The page reached 82,461 unique users for the quarter, a decrease of 30% from last quarter’s 117,547. b. Twitter: RCTC’s Twitter page showed a 3% increase in followers, from 1,340 to 1,386. Engagement decreased by 6%, from 843 to 793. Impressions declined by 25% from 39,354 to 29,596. c. Instagram: Instagram followers grew 6%, from 1,019 to 1,081. Engagement decreased 1%, from 631 forms of engagement to 626. This quarter’s reach was 41,709 unique users, a 16% decrease from last quarter’s 49,636. d. Overall, public sentiment was positive. Engagement was positive on posts related to current construction projects, Coachella Valley Rail, and various support pages. 3) RCTC’s The Point: RCTC continues to produce content for its online blog, The Point, and distributes this information and other news via email to subscribers. RCTC’s subscribers increased 9% from 3,986 to 4,328. Approximately 34% of the e-newsletter subscribers opened The Point, a 4% increase from the previous quarter, and 5% clicked on links to learn more. Route 60 Truck Lanes Construction Public Engagement 1) Emails: Total email sign-ups, since the project began, grew to 347. This is a 1.4% increase over the 342 sign-ups received through the end of last quarter. There also have been a total of 238 email inquiries, a 1.2% increase over the 235 inquiries through the end of last quarter. 213 Agenda Item 6G 2) Website: Total website visits since grew to 23,464, a 4.6% increase from the 22,401 visits through the end of last quarter. 3) Social Media: The project’s Facebook, Twitter, and Instagram accounts all showed slight increases. The Facebook page grew to by 1 to 1,041 likes. Twitter followers increased from 113 to 115. Instagram followers grew 5.3% from 376 to 396. I-15 Railroad Canyon Interchange Public Engagement 1) Emails and Texts: Total email sign-ups since the project began grew by 6 for a total of 291. Since the project began, a total of 592 people registered to receive texts. Last quarter that number decreased by 1. There were 7 email inquiries for a total of 36 since the project started. 2) Website: Website visits since project inception grew to 13,723, a 8.3% climb from the 12,677 visits through the end of last quarter. 3) Social Media: The project’s social media accounts all showed gains. The Facebook page grew to 1,052 likes from 1,012 likes last quarter, a 4% increase. Twitter grew by 12% from 42 to 47 followers. Instagram followers increased 9.6% from 489 to 536. I-215 Placentia Interchange Public Engagement 1) Emails: Total email sign-ups since the start of the project grew to 1,067. This is a 22.9% increase over the 868 sign-ups received through the end of last quarter. There have been 23 email inquiries since the start of construction in August 2020. 2) Website: Visits to the rctc.org/placentia webpage grew to 4,406, a 30% increase from the 3,387 visits through the end of last quarter. The increase may be attributed to procurement efforts for the next contract for the Mid County Parkway. 3) Social Media: This project does not have a designated social media account. The RCTC social media accounts, @theRCTC, are being used for this project. Total social media post engagements totaled 3,390 for this quarter, a 16% increase from the 2,915 engagements through the end of last quarter 91 Corridor Operations Project Public Engagement 1) Emails: Email sign-ups during the last quarter totaled 2,477. This is a decrease of 1%. Seventeen email inquiries were received by the project team since the start of the project. 2) Website: Visits to the rctc.org/91cop webpage grew to 1,561 from the 994 visits from the last quarter, a 57% increase. This likely was due to the upcoming completion of the project. 3) Social Media: This project does not have a designated social media account. The RCTC social media accounts, @theRCTC, are being used for this project. Social media post engagements totaled 559 for this quarter, a 12% increase from the 499 through the end of last quarter. 214 Agenda Item 6G 15/91 Express Lanes Connector Project Public Engagement 1) Emails: Email sign-ups during the last quarter totaled 2,790, a decrease of .7%. The project team received 14 email inquiries. 2) Texts: A total of 173 people registered to receive texts, a 7.5% increase over the 161 sign- ups through the end of last quarter. 3) Website: Visits to the rctc.org/15-91connector webpage grew 40.6% during the quarter, from 8,834 visits last quarter to 12,418 visits this quarter. 4) Social Media: The Facebook page likes dropped slightly to 2,736 compared to 2,798 last quarter, a 2.2% decrease. Twitter grew by 7.3% from 301 to 323 followers. Instagram followers increased 9.7% from 628 to 689 followers. FISCAL IMPACT: This is an information item. There is no fiscal impact. Attachments: 1) RCTC Overall Public Engagement Metrics 2) State Route 60 Truck Lanes Construction Public Engagement Metrics 3) I-15 Railroad Canyon Interchange Construction Public Engagement Metrics 4) I-215 Placentia Interchange Construction Public Engagement Metrics 5) 91 Corridor Operations Project Construction Public Engagement Metrics 6) 15/91 Express Lanes Connector Construction Public Engagement Metrics 215 Top Pages Visited 2 3 4 Desktop vs Mobile Users 48%52%Desktop Mobile Facebook Twitter Instagram Top Channels +9% *Facebook/Ins tagram is no longer reporting o n impression s for organic social m edia posts .Reach is now the standard metric. Reach provides the number of u nique user s who saw content from RCTC. Overall Social Media Sentiment Eblasts Web Public Engagement Metrics: Q4 Oct - Dec 2021 Social Media DifferencesSocial posts boosts drove increase in social traffic in Q4. Subscribers4,328 AverageOpen 34% AverageClick5% 32,671Number of Sessions -17.4%23,896Number ofUnique Users -19.9% Reach*82,461 Followers10,010 Engagement1,766 Impressions29,596 Followers1,386 Engagement793 Reach*41,709 Followers1,081 Engagement626 -25% +3% -6% -16% +6% -1% -30% +1% +15% News 15-91 Express Lanes Connector Project Employment Homepage is #1 most visited page solutions in Riverside County Direct (34.9%) - 8,425 Organic (42.8%) - 10,333 Social (14.1%) - 3,410 Referral (8.2%) - 1,971 -2 0 1 2 3 4 5 - 1 10/1 10/8 10/15 10/22 10/29 11/5 11/12 11/19 11/26 12/3 12/10 12/17 12/24 12/31 10/12 (+) Positive organic engagement on social accounts and project pages 11/16 (+) Coachella Valley Rail Project organic & paid outreach generate positive response 12/20 (+) Engagement spike in response to call for public support for transportation 216 ATTACHMENT 1 May 2019 - Dec 2021 State Route 60 Truck Lanes ProjectQuarterly “At-a-Glance” Metrics Report Nu m b e r o f L i k e s / F o l l o w s To t a l W e b s i t e v i s i t s t o D a t e Nu m b e r o f S i g n - U p s Nu m b e r o f E m a i l s 0 5000 10000 15000 20000 25000 0 50 100 150 200 250 300 350 Ma y – Ju n 2 0 1 9 Jul – S e p t 2 0 1 9 Oc t – D e c 2 0 1 9 Ma y – Ju n 2 0 1 9 Jul – S e p t 2 0 1 9 Oc t – D e c 2 0 1 9 1,414 6,715 9,992 12,85014,31815,81617,232 19,49321,11622,40123,464 Email & Text Sign-Ups Website Sessions Emails to Project Team Social Media Likes/Follows Jan – M a r 2 0 2 0 Jan – M a r 2 0 2 0 Ap r - J u n 2 0 2 0 Ap r - J u n 2 0 2 0 61 263 285 291 299 315 322 332 339 342 347 Jul - S e p t 2 0 2 0 Jul - S e p t 2 0 2 0 Oc t - D e c 2 0 2 0 Oc t - D e c 2 0 2 0 Jan – M a r 2 0 2 1 Jan – M a r 2 0 2 1 Ap r – Ju n 2 0 2 1 Ap r – Ju n 2 0 2 1 Ma y – Ju n 2 0 1 9 0 200 400 600 800 1000 1200 0 50 100 150 200 250 1336 31101 52142 62152 69175 76197 84237 99331 109353 113376 115396 Jul – S e p t 2 0 1 9 Oc t – D e c 2 0 1 9 Ma y – Ju n 2 0 1 9 Jul – S e p t 2 0 1 9 Oc t – D e c 2 0 1 9 67 144 157 170 187 199 213 227 230 235 238 115 314 454 576 729 799 874 966 1,016 1,040 1,041 Jan – M a r 2 0 2 0 Jan – M a r 2 0 2 0 Ap r - J u n 2 0 2 0 Ap r - J u n 2 0 2 0 Jul - S e p t 2 0 2 0 Jul - S e p t 2 0 2 0 Oc t - D e c 2 0 2 0 Oc t - D e c 2 0 2 0 Jan – M a r 2 0 2 1 Jan – M a r 2 0 2 1 Ap r – Ju n 2 0 2 1 Ap r – Ju n 2 0 2 1 Facebook Page Likes Instagram Followers Twitter Followers Jul – S e p t 2 0 2 1 Oc t – D e c 2 0 2 1 Jul – S e p t 2 0 2 1 Oc t – D e c 2 0 2 1 Jul – S e p t 2 0 2 1 Oc t – D e c 2 0 2 1 Jul – S e p t 2 0 2 1 Oc t – D e c 2 0 2 1 Ap r – Ju n 2 0 1 9 Ap r – Ju n 2 0 1 9 Ap r – Ju n 2 0 1 9 Ap r – Ju n 2 0 1 9 217 ATTACHMENT 2 Apr 2020 - Dec 2021 I-15 Railroad Canyon Road Interchange ProjectQuarterly “At-a-Glance” Metrics Report Facebook Page Likes Instagram Followers Twitter Followers Ap r - J u n 2 0 2 0 Nu m b e r o f L i k e s / F o l l o w s Facebook Page Likes Instagram Followers Twitter Followers 0 200 400 600 800 1000 1200 To t a l W e b s i t e v i s i t s t o D a t e 0 5 10 15 20 25 30 35 40 Nu m b e r o f S i g n - U p s Nu m b e r o f E m a i l s 0 3000 6000 9000 12000 15000 22138 Ap r - J u n 2 0 2 0 Ap r - J u n 2 0 2 0 194208 1 803 Email & Text Sign-Ups Website Sessions Emails to Project Team Social Media Likes/Follows Ap r - J u n 2 0 2 0 0 100 200 300 400 500 600 Text Sign-UpsEmail Sign-Ups 234351 10 4,230 6,769 30205 850 Jul - S e p t 2 0 2 0 Jul - S e p t 2 0 2 0 Jul - S e p t 2 0 2 0 Jul - S e p t 2 0 2 0 246457 14 8,279 32254 886 Oc t - D e c 2 0 2 0 Oc t - D e c 2 0 2 0 Oc t - D e c 2 0 2 0 Oc t - D e c 2 0 2 0 256484 Jan - M a r 2 0 2 1 15 Jan - M a r 2 0 2 1 Jan - M a r 2 0 2 1 9,700 32320 946 Jan - M a r 2 0 2 1 Ap r - J u n 2 0 2 1 275547 285592 291591 19 11,114 12,677 35392 42489 47536 971 Ap r - J u n 2 0 2 1 Ap r - J u n 2 0 2 1 Ap r - J u n 2 0 2 1 29 1,012 Jul - S e p t 2 0 2 1 Oc t - D e c 2 0 2 1 Jul - S e p t 2 0 2 1 Oc t - D e c 2 0 2 1 Jul - S e p t 2 0 2 1 Oc t - D e c 2 0 2 1 Jul - S e p t 2 0 2 1 Oc t - D e c 2 0 2 1 36 13,723 1,052 Jan – M a r 2 0 1 8 Jul – S e p 2 0 1 8 Ap r – Ju n 2 0 1 8 Oc t – D e c 2 0 1 8 Jan – M a r 2 0 1 9 Ap r – Ju n 2 0 1 9 Jan – M a r 2 0 1 8 Jul – S e p 2 0 1 8 Ap r – Ju n 2 0 1 8 Oc t – D e c 2 0 1 8 Jan – M a r 2 0 1 9 Ap r – Ju n 2 0 1 9 Jan – M a r 2 0 1 8 Jul – S e p 2 0 1 8 Ap r – Ju n 2 0 1 8 Oc t – D e c 2 0 1 8 Jan – M a r 2 0 1 9 Ap r – Ju n 2 0 1 9 Jan – M a r 2 0 1 8 Jul – S e p 2 0 1 8 Ap r – Ju n 2 0 1 8 Oc t – D e c 2 0 1 8 Jan – M a r 2 0 1 9 Ap r – Ju n 2 0 1 9 218 ATTACHMENT 3 Jul 2020 - Dec 2021 I-215 Placentia Interchange ProjectQuarterly “At-a-Glance” Metrics Report Jul - S e p t 2 0 2 0 Nu m b e r o f P o s t E n g a g e m e n t s 0 500 1000 1500 2000 2500 3000 3500 To t a l W e b s i t e v i s i t s t o D a t e 0 5 10 15 20 25 Nu m b e r o f S i g n - U p s Nu m b e r o f E m a i l s 0 1000 2000 3000 4000 5000 Jul - S e p t 2 0 2 0 Jul - S e p t 2 0 2 0 155 1 2,016 Email Sign-Ups Website Sessions Emails to Project Team Social Media Post Engagements Jul - S e p t 2 0 2 0 0 200 400 600 800 1000 1200 327 3 488 1,243 2,623 Oc t - D e c 2 0 2 0 Oc t - D e c 2 0 2 0 Oc t - D e c 2 0 2 0 Oc t - D e c 2 0 2 0 499 Jan - M a r 2 0 2 1 7 Jan - M a r 2 0 2 1 1,757 Jan - M a r 2 0 2 1 2,827 Jan - M a r 2 0 2 1 677 11 2,321 2,915 Ap r – Ju n 2 0 2 1 Ap r – Ju n 2 0 2 1 Ap r - J u n 2 0 2 1 Ap r - J u n 2 0 2 1 868 16 3,387 4,406 3,088 3,390 Jul – S e p t 2 0 2 1 Oc t – D e c 2 0 2 1 Jul – S e p t 2 0 2 1 Oc t – D e c 2 0 2 1 Jul – S e p t 2 0 2 1 Oc t – D e c 2 0 2 1 Jul – S e p t 2 0 2 1 Oc t – D e c 2 0 2 1 1,067 23 Jul – S e p 2 0 1 8 Ap r – Ju n 2 0 1 8 Oc t – D e c 2 0 1 8 Jan – M a r 2 0 1 9 Ap r – Ju n 2 0 1 9 Jul – S e p 2 0 1 8 Ap r – Ju n 2 0 1 8 Oc t – D e c 2 0 1 8 Jan – M a r 2 0 1 9 Ap r – Ju n 2 0 1 9 Jul – S e p 2 0 1 8 Ap r – Ju n 2 0 1 8 Oc t – D e c 2 0 1 8 Jan – M a r 2 0 1 9 Ap r – Ju n 2 0 1 9 Jul – S e p 2 0 1 8 Ap r – Ju n 2 0 1 8 Oc t – D e c 2 0 1 8 Jan – M a r 2 0 1 9 Ap r – Ju n 2 0 1 9 219 ATTACHMENT 4 Nov 2020 - Dec 2021 State Route 91 Corridor Operations ProjectQuarterly “At-a-Glance” Metrics Report Jan - M a r 2 0 2 1 Nu m b e r o f P o s t E n g a g e m e n t s 0 100 200 300 400 500 600 700 800 To t a l W e b s i t e v i s i t s t o D a t e 0 5 10 15 20 25 Nu m b e r o f S i g n - U p s Nu m b e r o f E m a i l s a n d C a l l s 0 500 1000 1500 2000 2500 Jan - M a r 2 0 2 1 Jan - M a r 2 0 2 1 155 10 445 Email Sign-Ups Website Sessions Emails to Project Team Social Media Post Engagements Jan - M a r 2 0 2 1 0 500 1000 1500 2000 2500 3000 2,527 552 11 2,504 994 499 Ap r - J u n 2 0 2 1 Ap r - J u n 2 0 2 1 Ap r - J u n 2 0 2 1 Ap r - J u n 2 0 2 1 2,477 17 23 1,561 559 728 Jul - S e p t 2 0 2 1 Oc t - D e c 2 0 2 1 Jul - S e p t 2 0 2 1 Oc t - D e c 2 0 2 1 Jul - S e p t 2 0 2 1 Oc t - D e c 2 0 2 1 Jul - S e p t 2 0 2 1 Oc t - D e c 2 0 2 1 2,495 2,204 Jan – M a r 2 0 1 8 Jul – S e p 2 0 1 8 Ap r – Ju n 2 0 1 8 Oc t – D e c 2 0 1 8 Jan – M a r 2 0 1 9 Ap r – Ju n 2 0 1 9 Jan – M a r 2 0 1 8 Jul – S e p 2 0 1 8 Ap r – Ju n 2 0 1 8 Oc t – D e c 2 0 1 8 Jan – M a r 2 0 1 9 Ap r – Ju n 2 0 1 9 Jan – M a r 2 0 1 8 Jul – S e p 2 0 1 8 Ap r – Ju n 2 0 1 8 Oc t – D e c 2 0 1 8 Jan – M a r 2 0 1 9 Ap r – Ju n 2 0 1 9 Jan – M a r 2 0 1 8 Jul – S e p 2 0 1 8 Ap r – Ju n 2 0 1 8 Oc t – D e c 2 0 1 8 Jan – M a r 2 0 1 9 Ap r – Ju n 2 0 1 9 220 ATTACHMENT 5 Apr - Dec 2021 15/91 Express Lanes Connector ProjectQuarterly “At-a-Glance” Metrics Report Ap r - J u n 2 0 2 1 Nu m b e r o f P o s t E n g a g e m e n t s 0 500 1000 1500 2000 2500 3000 To t a l W e b s i t e v i s i t s t o D a t e 0 3 6 9 12 15 Nu m b e r o f S i g n - U p s Nu m b e r o f E m a i l s a n d C a l l s 0 3000 6000 9000 12000 15000 Ap r - J u n 2 0 2 1 Ap r - J u n 2 0 2 1 155 3 Email & Text Alert Sign-Ups Website Sessions Emails to Project Team Social Media Followers Ap r - J u n 2 0 2 1 0 500 1000 1500 2000 2500 3000 2,825 5,714 68 2,778 293 600 Facebook Followers Twitter Followers Instagram Followers Email Sign-Ups Text Sign-Ups 161 173 2,809 7 14 8,834 2,798 301 628 2,736 323 689 Jul - S e p t 2 0 2 1 Oc t - D e c 2 0 2 1 Jul - S e p t 2 0 2 1 Oc t - D e c 2 0 2 1 Jul - S e p t 2 0 2 1 Oc t - D e c 2 0 2 1 Jul - S e p t 2 0 2 1 Oc t - D e c 2 0 2 1 2,790 12,418 Jan – M a r 2 0 1 8 Jul – S e p 2 0 1 8 Ap r – Ju n 2 0 1 8 Oc t – D e c 2 0 1 8 Jan – M a r 2 0 1 9 Ap r – Ju n 2 0 1 9 Jan – M a r 2 0 1 8 Jul – S e p 2 0 1 8 Ap r – Ju n 2 0 1 8 Oc t – D e c 2 0 1 8 Jan – M a r 2 0 1 9 Ap r – Ju n 2 0 1 9 Jan – M a r 2 0 1 8 Jul – S e p 2 0 1 8 Ap r – Ju n 2 0 1 8 Oc t – D e c 2 0 1 8 Jan – M a r 2 0 1 9 Ap r – Ju n 2 0 1 9 Jan – M a r 2 0 1 8 Jul – S e p 2 0 1 8 Ap r – Ju n 2 0 1 8 Oc t – D e c 2 0 1 8 Jan – M a r 2 0 1 9 Ap r – Ju n 2 0 1 9 221 ATTACHMENT 6 AGENDA ITEM 6H Agenda Item 6H RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: March 9, 2022 TO: Riverside County Transportation Commission FROM: Toll Policy and Operations Committee Anthony Parada, Senior Management Analyst Jennifer Crosson, Toll Operations Director THROUGH: Anne Mayer, Executive Director SUBJECT: 91 Express Lanes Monthly Status Reports TOLL POLICY AND OPERATIONS COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to receive and file the 91 Express Lanes Monthly Reports for the six months from July to December 2021. BACKGROUND INFORMATION: The monthly 91 Express Lanes reports for the six months from July to December 2021 are attached. The monthly reports provide information about 91 Express Lanes performance and activity. The monthly reports include information for both segments of the 91 Express Lanes in Orange and Riverside Counties. FISCAL IMPACT: This item is for informational purposes only. There is no fiscal impact. Attachments: 1) 91 Express Lanes Status Report for July 2021 2) 91 Express Lanes Status Report for August 2021 3) 91 Express Lanes Status Report for September 2021 4) 91 Express Lanes Status Report for October 2021 5) 91 Express Lanes Status Report for November 2021 6) 91 Express Lanes Status Report for December 2021 222 Orange County Transportation Authority Riverside County Transportation Commission Status Report July 2021 As of July 31, 2021 ATTACHMENT 1 223 2 Table of Contents Operations Overview OCTA ............................................................................................ 3 Traffic and Revenue Statistics for OCTA ......................................................................... 3 OCTA Traffic and Revenue Summary ............................................................................. 4 OCTA Eastbound Peak-Hour Volumes ........................................................................... 5 OCTA Westbound Peak-Hour Volumes .......................................................................... 6 OCTA Operational Highlights .......................................................................................... 7 Financial Highlights OCTA .............................................................................................. 8 Operations Overview RCTC ............................................................................................ 9 Traffic and Revenue Statistics for RCTC ......................................................................... 9 RCTC Traffic and Revenue Summary ........................................................................... 10 RCTC Peak-Hour Volumes ........................................................................................... 11 RCTC Eastbound Peak-Hour Volumes ......................................................................... 11 RCTC Westbound Peak-Hour Volumes ........................................................................ 13 RCTC Operational Highlights ........................................................................................ 15 Financial Highlights RCTC ............................................................................................ 16 Joint Agency Trip and Revenue Statistics ..................................................................... 17 Joint Agency Traffic Statistics ....................................................................................... 17 Joint Agency Performance Measures............................................................................ 18 Joint Agency Transponder Distribution.......................................................................... 18 Incoming Email Activity ................................................................................................. 20 Operational Activity ....................................................................................................... 20 224 3 OPERATIONS OVERVIEW OCTA TRAFFIC AND REVENUE STATISTICS FOR OCTA Total traffic volume on the 91 Express Lanes for July 2021 was 1,743,602. This represents a daily average of 56,245 vehicles. This is a 61.6 percent increase in total traffic volume from the same period last year, which totaled 1,079,083 and was the fifth month of the State of California’s stay-at-home orders due to the coronavirus (COVID-19) pandemic. Potential toll revenue for July was $5,306,241, which represents an increase of 50.2 percent from the prior year’s total of $3,532,168. Carpool percentage for July was 23.8 percent as compared to the previous year’s rate of 22.9 percent. As compared to July 2019, traffic volume increased by 12.8 percent and revenue increased by 19.5 percent. Month-to-date traffic and revenue data is summarized in the table below. The following trip and revenue statistics tables represent all trips taken on the Orange County Transportation Authority (OCTA) 91 Express Lanes and associated potential revenue for the month of July 2021. Current Month-to-Date (MTD) as of July 31, 2021 Trips Jul-21 MTD Actual Jul-20 MTD Actual Yr 21-to-Yr 20 % Variance Jul-19 MTD Actual Yr 21-to-Yr 19 % Variance Full Toll Lanes 1,329,465 832,236 59.7% 1,102,555 20.6% 3+ Lanes 414,137 246,847 67.8% 443,307 (6.6%) Total Gross Trips 1,743,602 1,079,083 61.6% 1,545,862 12.8% Revenue Full Toll Lanes $5,253,779 $3,476,583 51.1% $4,362,568 20.4% 3+ Lanes $52,463 $55,584 (5.6%)$76,363 (31.3%) Total Gross Revenue $5,306,241 $3,532,168 50.2% $4,438,931 19.5% Average Revenue per Trip Average Full Toll Lanes $3.95 $4.18 (5.5%)$3.96 (0.3%) Average 3+ Lanes $0.13 $0.23 (43.5%)$0.17 (23.5%) Average Gross Revenue $3.04 $3.27 (7.0%)$2.87 5.9% 225 4 OCTA Traffic and Revenue Summary The chart below reflects the total trips breakdown between full toll trips and high-occupancy vehicle (HOV3+) trips for FY 2021-22 on a monthly basis. The chart below reflects the gross potential revenue breakdown between full toll trips and HOV3+ trips for FY 2021-22 on a monthly basis. 226 5 OCTA EASTBOUND PEAK-HOUR VOLUMES Peak-hour traffic in the eastbound direction reached or exceeded 90 percent of defined capacity 11 times during the month of July 2021. As demonstrated on the next chart, westbound peak-hour traffic volumes top out at 90 percent of defined capacity.  PM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 1400 - 1500 $7.70 467 2,915 86% $8.35 516 2,798 82% 1500 - 1600 $7.45 519 2,970 87% $7.90 599 2,918 86% 1600 - 1700 $7.00 360 2,766 81% $7.45 424 2,625 77% 1700 - 1800 $6.70 420 2,724 80% $6.75 457 2,445 72% 1800 - 1900 $4.50 551 2,844 84% $6.75 463 2,023 60% 1900 - 2000 $5.75 601 2,480 73% $6.25 596 1,924 57%  PM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 1400 - 1500 $4.95 405 1,360 40% $5.30 417 2,525 74% $5.30 407 2,537 75% $7.70 486 2,894 85% $8.35 504 2,852 84% 1500 - 1600 $4.95 487 1,366 40% $4.75 472 2,971 87% $7.45 492 2,820 83% $7.45 519 2,958 87% $7.90 513 2,661 78% 1600 - 1700 $4.95 352 1,094 32%$4.50 411 3,081 91%$6.50 396 2,877 85% $7.00 364 2,802 82% $7.45 417 2,809 83% 1700 - 1800 $4.95 378 1,045 31% $4.90 327 2,467 73% $5.40 433 2,949 87% $6.70 457 2,880 85% $6.75 472 2,912 86% 1800 - 1900 $4.95 399 1,086 32% $4.05 525 2,746 81% $4.05 527 2,919 86% $4.50 578 2,961 87% $6.75 527 2,528 74% 1900 - 2000 $4.95 384 974 29% $3.95 414 1,727 51% $3.95 506 2,333 69% $5.75 521 2,209 65% $6.25 550 2,084 61%  PM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 1400 - 1500 $5.30 468 2,892 85% $5.30 467 2,834 83%$5.30 464 3,159 93%$7.70 458 2,860 84% $8.35 534 2,881 85% 1500 - 1600 $5.65 465 2,832 83% $4.75 486 2,910 86% $7.45 492 2,858 84% $7.45 547 2,924 86% $7.90 528 2,914 86% 1600 - 1700 $4.35 428 3,205 94% $4.50 386 3,189 94%$6.50 380 2,843 84% $7.00 353 2,841 84% $7.45 344 2,658 78% 1700 - 1800 $4.95 345 2,678 79% $4.90 337 2,561 75% $5.40 408 2,948 87% $6.70 423 2,924 86% $6.75 491 2,926 86% 1800 - 1900 $5.65 526 2,591 76% $4.05 539 2,916 86% $4.05 475 2,629 77%$4.50 596 3,174 93%$6.75 534 2,382 70% 1900 - 2000 $3.95 371 1,507 44% $3.95 451 2,072 61% $3.95 492 2,109 62% $5.75 485 2,056 60% $6.25 604 2,167 64%  PM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 1400 - 1500 $5.30 428 2,720 80% $5.30 416 2,598 76%$5.30 497 3,162 93%$7.70 434 2,945 87% $8.35 477 2,892 85% 1500 - 1600 $5.65 501 2,871 84% $4.75 455 2,829 83% $7.45 491 2,545 75% $7.45 543 3,013 89% $7.90 553 2,910 86% 1600 - 1700 $4.35 426 3,264 96% $4.50 443 3,301 97%$6.50 265 1,876 55%$7.00 432 3,047 90%$7.45 407 2,686 79% 1700 - 1800 $4.95 356 2,575 76% $4.90 361 2,552 75% $5.40 318 2,013 59% $6.70 409 2,826 83% $6.75 469 2,924 86% 1800 - 1900 $5.65 487 2,506 74% $4.05 547 2,901 85% $4.05 371 1,992 59% $4.50 562 2,883 85% $6.75 524 2,511 74% 1900 - 2000 $3.95 380 1,468 43% $3.95 405 1,769 52% $3.95 569 2,447 72% $5.75 493 1,980 58% $6.25 538 2,045 60%  PM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 1400 - 1500 $5.30 403 2,582 76% $5.30 409 2,536 75% $5.30 477 2,975 88% $7.70 537 2,913 86% $8.35 479 2,730 80% 1500 - 1600 $5.65 441 2,745 81% $4.75 508 2,926 86% $7.45 515 2,835 83% $7.45 529 2,865 84% $7.90 575 2,940 86% 1600 - 1700 $4.35 409 3,199 94% $4.50 418 3,075 90%$6.50 413 2,971 87% $7.00 382 2,732 80% $7.45 444 2,741 81% 1700 - 1800 $4.95 356 2,564 75% $4.90 354 2,486 73% $5.40 419 2,889 85% $6.70 363 2,567 76% $6.75 487 2,846 84% 1800 - 1900 $5.65 422 2,060 61% $4.05 536 2,839 84% $4.05 590 2,861 84% $4.50 577 2,908 86% $6.75 553 2,434 72% 1900 - 2000 $3.95 335 1,392 41% $3.95 420 1,831 54% $3.95 529 2,195 65% $5.75 518 2,255 66% $6.25 548 2,040 60% 07/28/21 Thursday 07/29/21 Friday 07/30/21Monday 07/26/21 Tuesday 07/27/21 Wednesday 07/21/21 Thursday 07/22/21 Friday 07/23/21Monday 07/19/21 Tuesday 07/20/21 Wednesday Thursday 07/08/21 Friday 07/09/21 Monday 07/12/21 Tuesday 07/13/21 Wednesday 07/14/21 Thursday 07/15/21 Friday 07/16/21 Thursday 07/01/21 Friday 07/02/21 Monday 07/05/21 Tuesday 07/06/21 Wednesday 07/07/21 Monday 06/28/21 Tuesday 06/29/21 Wednesday 06/30/21 227 6 OCTA WESTBOUND PEAK-HOUR VOLUMES  AM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 0400 - 0500 $3.15 424 1,299 38% $3.15 339 1,061 31% 0500 - 0600 $5.10 595 2,406 71% $4.85 476 2,086 61% 0600 - 0700 $5.30 421 2,628 77% $5.10 383 2,165 64% 0700 - 0800 $5.80 381 2,419 71% $5.65 362 1,992 59% 0800 - 0900 $5.30 387 2,374 70% $5.10 357 1,998 59% 0900 - 1000 $4.20 406 2,308 68% $4.20 384 1,909 56%  AM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 0400 - 0500 $1.70 59 131 4% $3.15 409 1,296 38% $3.15 424 1,286 38% $3.15 416 1,226 36% $3.15 352 1,110 33% 0500 - 0600 $1.70 105 269 8% $5.10 583 2,487 73% $5.10 613 2,487 73% $5.10 573 2,423 71% $4.85 472 2,191 64% 0600 - 0700 $2.50 92 362 11% $5.30 402 2,485 73% $5.30 429 2,591 76% $5.30 459 2,589 76% $5.10 403 2,361 69% 0700 - 0800 $3.05 124 504 15% $5.80 389 2,485 73% $5.80 397 2,471 73% $5.80 397 2,480 73% $5.65 359 2,239 66% 0800 - 0900 $3.05 216 748 22% $5.30 383 2,477 73% $5.30 349 2,479 73% $5.30 338 2,260 66% $5.10 379 2,179 64% 0900 - 1000 $3.85 334 1,142 34% $4.20 408 2,470 73% $4.20 458 2,500 74% $4.20 468 2,467 73% $4.20 399 2,238 66%  AM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 0400 - 0500 $3.15 426 1,284 38% $3.15 429 1,299 38% $3.15 419 1,330 39% $3.15 420 1,313 39% $3.15 377 1,257 37% 0500 - 0600 $5.10 510 2,470 73% $5.10 600 2,506 74% $5.10 619 2,531 74% $5.10 575 2,564 75% $4.85 544 2,211 65% 0600 - 0700 $5.30 398 2,480 73% $5.30 427 2,676 79% $5.30 432 2,574 76% $5.30 437 2,754 81% $5.10 369 2,216 65% 0700 - 0800 $5.80 351 2,477 73% $5.80 354 2,578 76% $5.80 407 2,615 77% $5.80 347 2,424 71% $5.65 356 2,151 63% 0800 - 0900 $5.30 364 2,288 67% $5.30 403 2,689 79% $5.30 397 2,515 74% $5.30 360 2,355 69% $5.10 349 2,165 64% 0900 - 1000 $4.20 406 2,179 64% $4.20 422 2,508 74% $4.20 372 2,404 71% $4.20 379 2,371 70% $4.20 427 2,111 62%  AM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 0400 - 0500 $3.15 399 1,322 39% $3.15 431 1,375 40% $3.15 412 1,357 40% $3.15 480 1,549 46% $3.15 332 1,080 32% 0500 - 0600 $5.10 565 2,555 75% $5.10 594 2,521 74%$5.10 668 3,048 90%$5.10 598 2,457 72% $4.85 538 2,197 65% 0600 - 0700 $5.30 395 2,498 73% $5.30 417 2,627 77% $5.30 413 2,770 81% $5.30 434 2,641 78% $5.10 412 2,308 68% 0700 - 0800 $5.80 367 2,467 73% $5.80 401 2,526 74% $5.80 384 2,653 78% $5.80 373 2,365 70% $5.65 350 2,158 63% 0800 - 0900 $5.30 362 2,291 67% $5.30 365 2,401 71% $5.30 398 2,533 75% $5.30 331 2,361 69% $5.10 315 1,921 57% 0900 - 1000 $4.20 396 2,098 62% $4.20 378 2,372 70% $4.20 458 2,547 75% $4.20 456 2,392 70% $4.20 408 2,085 61%  AM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 0400 - 0500 $3.15 436 1,487 44% $3.15 429 1,387 41% $3.15 441 1,385 41% $3.15 509 2,068 61% $3.15 367 1,195 35% 0500 - 0600 $5.10 594 2,595 76% $5.10 603 2,541 75% $5.10 622 2,561 75% $5.10 607 2,695 79% $4.85 531 2,150 63% 0600 - 0700 $5.30 369 2,481 73% $5.30 455 2,630 77% $5.30 413 2,640 78% $5.30 467 2,741 81% $5.10 375 2,267 67% 0700 - 0800 $5.80 366 2,382 70% $5.80 370 2,473 73% $5.80 416 2,557 75% $5.80 394 2,506 74% $5.65 370 2,163 64% 0800 - 0900 $5.30 276 2,183 64% $5.30 360 2,474 73% $5.30 356 2,409 71% $5.30 377 2,468 73% $5.10 371 2,066 61% 0900 - 1000 $4.20 333 2,175 64% $4.20 404 2,451 72% $4.20 476 2,464 72% $4.20 454 2,496 73% $4.20 450 2,176 64% Monday 07/26/21 Tuesday 07/27/21 Wednesday 07/28/21 Thursday 07/15/21 Friday 07/16/21 07/21/21 Thursday 07/29/21 Friday 07/30/21 Thursday 07/22/21 Friday 07/23/21 07/14/21 Monday 07/19/21 Tuesday 07/20/21 Wednesday Monday 07/12/21 Tuesday 07/13/21 Wednesday 07/07/21 Thursday 07/08/21 Friday 07/09/21Monday 07/05/21 Tuesday 07/06/21 Wednesday 06/30/21 Thursday 07/01/21 Friday 07/02/21Monday 06/28/21 Tuesday 06/29/21 Wednesday 228 7 OCTA OPERATIONAL HIGHLIGHTS On-Road Operations OCTA customer assistance specialists (CAS) responded to 97 calls during the month of July. Of those calls, 81 were to assist disabled vehicles, ten calls to remove debris, and six were in response to accidents/incidents in the Express Lanes. 91 Express Lanes Back-Office System (BOS) Development Update In February, Cofiroute USA, LLC (CUSA) notified OCTA and the Riverside County Transportation Commission (RCTC) of a delay to the implementation of the new BOS for the 91 Express Lanes for both Orange and Riverside counties as a result of the COVID-19 pandemic. CUSA is the current operator of the 91 Express Lanes for both OCTA and RCTC and is the firm selected for the design, development, and implementation of the new BOS, as well as the customer service center operation. In April 2021, OCTA and RCTC (Agencies) provide notice to CUSA that the Agencies will be exercising the first of the six one-month extension period, which will commence July 1, 2021 through July 31, 2021. The Agencies intend to exercise the one-month options until the Agencies transition to the new contract. Agencies' staff are continuing to work with CUSA to meet the revised anticipated go-live date in October 2021. 91 Express Lanes Toll Entrance Gantries Infrastructure Project Update OCTA entered into an agreement with the California Department of Transportation (Caltrans) to provide construction and construction management services for the 91 Express Lanes Toll Entrance Gantries Infrastructure Project. This project entails constructing new toll gantries infrastructure at the three entrances of the OCTA 91 Express Lanes. Caltrans advertised and awarded the project in March 2021 and May 2021, respectively. In June, the contract was executed and construction is anticipated to begin in August. Upon completion of the infrastructure project, Kapsch TrafficCom USA, Inc., the toll lanes system integrator for the 91 Express Lanes, will install new Electronic Toll and Traffic Management system equipment onto the new gantries. 229 8 FINANCIAL HIGHLIGHTS OCTA 230 9 OPERATIONS OVERVIEW RCTC TRAFFIC AND REVENUE STATISTICS FOR RCTC Total traffic volume on the 91 Express Lanes for July 2021 was 1,483,892. This represents a daily average of 47,867 vehicles. This is a 62.1 percent increase in total traffic volume from the same period last year, which totaled 915,185 and was the fifth month of the COVID-19 stay-at-home order. Potential toll revenue for July was $5,044,170, which represents an increase of 61.8 percent from the prior year’s total of $3,118,009. Carpool percentage for July was 22.1 percent as compared to the previous year’s rate of 21.5 percent. As compared to July 2019, traffic volume increased by 12.8 percent and revenue decreased by 4.1 percent. Month-to-date traffic and revenue data is summarized in the table below. The following trip and revenue statistics tables represent all trips taken on the Riverside County Transportation Commission (RCTC) 91 Express Lanes and associated potential revenue for the month of July 2021. Current Month-to-Date as of July 31, 2021 Trips JUL-21 MTD Actual JUL-20 MTD Actual Yr 21-to-Yr 20 % Variance JUL-19 MTD Actual Yr 21-to-Yr 19 % Variance Full Toll Lanes 1,155,476 718,572 60.8% 960,601 20.3% 3+ Lanes 328,416 196,613 67.0% 354,489 (7.4%) Total Gross Trips 1,483,892 915,185 62.1% 1,315,090 12.8% Revenue Full Toll Lanes $4,998,728 $3,081,096 62.2% $5,213,968 (4.1%) 3+ Lanes $45,442 $36,913 23.1% $43,333 4.9% Total Gross Revenue $5,044,170 $3,118,009 61.8% $5,257,301 (4.1%) Average Revenue per Trip Average Full Toll Lanes $4.33 $4.29 0.9% $5.43 (20.3%) Average 3+ Lanes $0.14 $0.19 (26.3%)$0.12 16.7% Average Gross Revenue $3.40 $3.41 (0.3%)$4.00 (15.0%) 231 10 RCTC Traffic and Revenue Summary The chart below reflects the total trips broken down between full toll lanes and HOV3+ lanes for FY 2021-22 on a monthly basis. The chart below reflects the gross potential revenue breakdown between full toll lanes and HOV3+ lanes for FY 2021-22 on a monthly basis. 232 11 RCTC PEAK-HOUR VOLUMES In July, there were several toll rates adjusted in response to traffic volumes. RCTC evaluates traffic volumes for peak period hours and increases or decreases rates according to the toll rate policy. RCTC EASTBOUND PEAK-HOUR VOLUMES 233 12 234 13 RCTC WESTBOUND PEAK-HOUR VOLUMES 235 14 236 15 RCTC OPERATIONAL HIGHLIGHTS On-Road Operations RCTC Freeway Service Patrol responded to 92 calls during the month of July. Of those calls, 64 were to assist disabled vehicles, 8 calls to remove debris, and 20 were in response to accidents in the Express Lanes. 91 Express Lanes BOS Development Update In February, CUSA notified OCTA and RCTC of a delay to the implementation of the new BOS for the 91 Express Lanes for both Orange and Riverside counties as a result of the COVID-19 pandemic. CUSA is the current operator of the 91 Express Lanes for both OCTA and RCTC and is the firm selected for the design, development, and implementation of the new BOS, as well as the customer service center operation. In April 2021, OCTA and RCTC (Agencies) provide notice to CUSA that the Agencies will be exercising the first of the six one-month extension period, which will commence July 1, 2021 through July 31, 2021. The Agencies intend to exercise the one-month options until the Agencies transition to the new contract. Agencies' staff are continuing to work with CUSA to meet the revised anticipated go-live date in October 2021. 237 16 FINANCIAL HIGHLIGHTS RCTC RCTC 91 Express Lanes Operating Statement 7/31/2021 Description Budget Dollar $ Percent (%) Operating revenues: Toll Revenue 4,557,827.42$ 2,986,250.00$ 1,571,577.42$ 52.6 Fee Revenue 551,759.06 476,408.33 75,350.73 15.8 Total operating revenues 5,109,586.48 3,462,658.33 1,646,928.15 47.6 Operating expenses: Salaries and Benefits 44,660.53 71,066.67 26,406.14 37.2 Legal Services - 17,083.33 17,083.33 100.0 Advisory Services (284.34) 2 416.67 701.01 168.2 Audit and Accounting Fees - 3,000.00 3,000.00 100.0 Service Fees - 1,558.33 1,558.33 100.0 Other Professional Services 24,129.93 104,958.33 80,828.40 77.0 Lease Expense 31,604.96 26,591.67 (5,013.29) (18.9) Operations (197,085.80) 2 301,483.33 498,569.13 165.4 Utilities 187.60 5,425.00 5,237.40 96.5 Supplies and Materials - 2,791.67 2,791.67 100.0 Membership and Subscription Fees - 2,500.00 2,500.00 100.0 Office Equipment & Furniture (Non-Capital)- 6,666.67 6,666.67 100.0 Maintenance/Repairs (6,066.71) 2 25,716.67 31,783.38 123.6 Training Seminars and Conferences - 133.33 133.33 100.0 Transportation Expenses - 208.33 208.33 100.0 Lodging - 108.33 108.33 100.0 Meals - 250.00 250.00 100.0 Other Staff Expenses - 25.00 25.00 100.0 Advertising - 17,916.67 17,916.67 100.0 Program Management - 6,925.00 6,925.00 100.0 Program Operations (111,550.85) 2 697,850.00 809,400.85 116.0 Litigation Settlement - - - N/A Furniture & Equipment - 6,250.00 6,250.00 100.0 Improvements 24,997.50 4,583.33 (20,414.17) (445.4) Bad Debt Expense 9,268.11 - (9,268.11) N/A Total operating expenses (180,139.07) 1,303,508.33 1,483,647.40 113.8 Operating income (loss)5,289,725.55 2,159,150.00 3,130,575.55 145.0 Nonoperating revenues (expenses): Interest Revenue 204,488.46 12,458.33 192,030.13 (1,541.4) Other Miscellaneous Revenue 2.53 - 2.53 N/A Principal Expense - (318,333.33) 318,333.33 (100.0) Interest Expense - (753,408.33) 753,408.33 (100.0) Total nonoperating revenues (expenses)204,490.99 (1,059,283.33) 1,263,774.32 119.3 Transfers In - - - N/A Transfers Out - (89,558.33) 89,558.33 (100.0) Net income (loss) 5,494,216.54$ 1,010,308.33$ 4,483,908.21$ 443.8 1 Unaudited 2 Negatives are the result of FY21 accruals YTD as of : YTD Variance Actual1 238 17 JOINT AGENCY TRIP AND REVENUE STATISTICS JOINT AGENCY TRAFFIC STATISTICS MULTI AGENCY TRIP AND REVENUE STATISTICS MONTH ENDING July 31, 2021 MTD Transactions by Agency Transactions Using Both Segments % Using Both Segments Revenue Westbound OCTA 888,856 468,442 53% $2,419,527 RCTC 798,484 468,442 59% $2,709,612 I -15 339,070 269,035 79% $1,008,940 McKinley 459,414 199,407 43% $1,700,672 Eastbound OCTA 854,746 519,200 61% $2,886,714 RCTC 685,408 519,200 76% $2,334,558 I -15 265,732 208,814 79%$651,961 McKinley 419,676 310,386 74% $1,682,596 239 18 JOINT AGENCY PERFORMANCE MEASURES JOINT AGENCY TRANSPONDER DISTRIBUTION Jul-21 Performance CUSTOMER SERVICE Call Wait Time Monthly Not to exceed 2 minutes 6:38 Abandon Rate Monthly No more than 4.0% 8.9% Customer Satisfaction Monthly At least 75 outbound calls 75 VIOLATION PROCESSING Response Time Monthly Within 2 business days of receipt 1.6 CUSA Violation Collection Rate Quarterly 70% or more CUSA Violation Collection Rate Annually 74% or more TRAFFIC OPERATIONS Initial & Secondary Reviews Monthly Equal to or less than 15 days 0.9 * Plate Misread Errors Monthly Equal to or less than 0.4% 0.05% ACCOUNTING Monthly No more than 3 0 Monthly No more than 3 0 INFORMATION TECHNOLOGY Back-office System Uptime Monthly 99% Availability 100% Network Uptime Monthly 99% Availability 100% CUSA = Cofiroute USA; * Plate Misread Error performance is current after a 60-day hold-back period; therefore, percentage reported here is for two months prior to the month of this report. **Call Wait Time and Abandoned Rate are out of compliance due to COVID 19 impacts. OCTA Exceptions RCTC Exceptions REPORTING REQUIREMENT Reporting P eriod PERFORMANCE STANDARD Tags % of Total Tags % of Total Issued To New Accounts 0 #DIV/0! 295 81.0% 0 #DIV/0! Additional Tags to Existing Accounts 0 #DIV/0! 7 1.9% 0 #DIV/0! Replacement Transponders 0 #DIV/0! 62 17.0% 0 #DIV/0! Total Issued 0 364 0 Returned Account Closures 7 0.4%7 0.4% Accounts Downsizing 1,576 99.6%1,576 99.6% Defective Transponders 6,113 100.0% 0 0.0% Total Returned 1,583 6,113 1,583 FY 2021-22T21 TRANSPONDER DISTRIBUTION July-21 June-21 Average To-Date 240 19 At the end of July 2021, the 91 Express Lanes had 155,815 active customer accounts and 590,880 transponders classified as assigned. Number of Accounts by FY As of July 31, 2021 Tags % of Total Tags % of Total Issued To New Accounts 9,181 96.5% 18,544 99.4% 9,181 96.5% Additional Tags to Existing Accounts 335 3.5% 116 0.6% 335 3.5% Replacement Transponders 0 0.0%0 0.0% Total Issued 9,516 18,660 9,516 Returned Account Closures Accounts Downsizing Defective Transponders Total Returned 6C TRANSPONDER DISTRIBUTION July-21 June-21 FY 2021-22 Average To-Date 241 20 Incoming Email Activity During July, the Anaheim Processing Center received 3,347 emails. Operational Activity Amid concerns about the spread of COVID-19 and following the State of California’s guidance to help reduce its spread, the 91 Express Lanes Customer Walk-In Center was closed in March 2020. The Walk-In Center was reopened on July 6, 2021. Operational activities in the Anaheim and Corona locations continued to function with a combination of remote workers and core staff located at the facilities. Core essential functions include aiding stranded motorists, providing incident management services, and dispatching emergency vehicles through the traffic operations center. The call center remains open to respond to customer service and violation calls. 242 Orange County Transportation Authority Riverside County Transportation Commission Status Report August 2021 As of August 31, 2021 ATTACHMENT 2 243 2 Table of Contents Operations Overview OCTA ............................................................................................ 3 Traffic and Revenue Statistics for OCTA ......................................................................... 3 OCTA Traffic and Revenue Summary ............................................................................. 5 OCTA Eastbound Peak-Hour Volumes ........................................................................... 6 OCTA Westbound Peak-Hour Volumes .......................................................................... 7 OCTA Operational Highlights .......................................................................................... 8 Financial Highlights OCTA .............................................................................................. 9 Operations Overview RCTC .......................................................................................... 10 Traffic and Revenue Statistics for RCTC ....................................................................... 10 RCTC Traffic and Revenue Summary ........................................................................... 12 RCTC Peak-Hour Volumes ........................................................................................... 13 RCTC Eastbound Peak-Hour Volumes ......................................................................... 13 RCTC Westbound Peak-Hour Volumes ........................................................................ 15 RCTC Operational Highlights ........................................................................................ 17 Financial Highlights RCTC ............................................................................................ 18 Joint Agency Trip and Revenue Statistics ..................................................................... 19 Joint Agency Traffic Statistics ....................................................................................... 19 Joint Agency Performance Measures............................................................................ 20 Joint Agency Transponder Distribution.......................................................................... 21 Incoming Email Activity ................................................................................................. 22 244 3 OPERATIONS OVERVIEW OCTA TRAFFIC AND REVENUE STATISTICS FOR OCTA Total traffic volume on the 91 Express Lanes for August 2021 was 1,707,270. This represents a daily average of 55,073 vehicles. This is a 46.5 percent increase in total traffic volume from the same period last year, which totaled 1,165,510 and was the sixth month of the State of California’s stay-at-home orders due to the coronavirus (COVID-19) pandemic. Potential toll revenue for August was $5,254,471, which represents an increase of 41.1 percent from the prior year’s total of $3,723,004. Carpool percentage for August was 22.1 percent as compared to the previous year’s rate of 22.9 percent. As compared to August 2019, traffic volume increased by 10.5 percent and revenue increased by 12.5 percent. Month-to-date traffic and revenue data is summarized in the table below. The following trip and revenue statistics tables represent all trips taken on the Orange County Transportation Authority (OCTA) 91 Express Lanes and associated potential revenue for the month of August 2021. Current Month-to-Date (MTD) as of August 31, 2021 Trips Aug-21 MTD Actual Aug-20 MTD Actual Yr 21-to-Yr 20 % Variance Aug-19 MTD Actual Yr 21-to-Yr 19 % Variance Full Toll Lanes 1,329,236 899,004 47.9% 1,134,132 17.2% 3+ Lanes 378,034 266,506 41.8% 411,599 (8.2%) Total Gross Trips 1,707,270 1,165,510 46.5% 1,545,731 10.5% Revenue Full Toll Lanes $5,205,919 $3,673,372 41.7% $4,595,283 13.3% 3+ Lanes $48,552 $49,632 (2.2%)$75,879 (36.0%) Total Gross Revenue $5,254,471 $3,723,004 41.1% $4,671,161 12.5% Average Revenue per Trip Average Full Toll Lanes $3.92 $4.09 (4.2%)$4.06 (3.4%) Average 3+ Lanes $0.13 $0.19 (31.6%)$0.19 (31.6%) Average Gross Revenue $3.08 $3.19 (3.4%)$3.03 1.7% 245 4 The 2021 fiscal year-to-date traffic volume increased by 53.7 percent and potential toll revenue increased by 45.6 percent, when compared with the same period last year. Year-to-date average revenue per trip is $3.06. Fiscal year-to-date traffic and revenue data are summarized in the table below. The following trip and revenue statistics tables represent all trips taken on the OCTA 91 Express Lanes and associated potential revenue for the months of July 2021 through August 2021. Fiscal Year (FY) 2020-21 Year-to-Date (YTD) as of August 31, 2021 Trips FY 2021-22 YTD Actual FY 2020-21 YTD Actual Yr-to-Yr % Variance Full Toll Lanes 2,658,701 1,731,240 53.6% 3+ Lanes 792,171 513,353 54.3% Total Gross Trips 3,450,872 2,244,593 53.7% Revenue Full Toll Lanes $10,459,697 $7,149,955 46.3% 3+ Lanes $101,015 $105,216 (4.0%) Total Gross Revenue $10,560,712 $7,255,172 45.6% Average Revenue per Trip Average Full Toll Lanes $3.93 $4.13 (4.8%) Average 3+ Lanes $0.13 $0.20 (35.0%) Average Gross Revenue $3.06 $3.23 (5.3%) 246 5 OCTA Traffic and Revenue Summary The chart below reflects the total trips breakdown between full toll trips and high-occupancy vehicle (HOV3+) trips for FY 2021-22 on a monthly basis. The chart below reflects the gross potential revenue breakdown between full toll trips and HOV3+ trips for FY 2021-22 on a monthly basis. 247 6 OCTA EASTBOUND PEAK-HOUR VOLUMES Peak-hour traffic in the eastbound direction reached or exceeded 90 percent of defined capacity 15 times during the month of August 2021. As demonstrated on the next chart, westbound peak-hour traffic volumes top out at 83 percent of defined capacity.  PM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 1400 - 1500 $5.30 468 2,745 81% $5.30 462 2,728 80% $5.30 481 3,020 89% $7.70 497 2,984 88% $8.35 518 2,815 83% 1500 - 1600 $5.65 500 2,845 84% $4.75 462 3,031 89% $7.45 499 2,774 82% $7.45 532 2,878 85% $7.90 533 2,848 84% 1600 - 1700 $4.35 461 3,102 91% $4.50 427 3,268 96%$6.50 381 2,922 86% $7.00 368 2,692 79% $7.45 414 2,719 80% 1700 - 1800 $4.95 370 2,611 77% $4.90 340 2,450 72% $5.40 360 2,357 69% $6.70 440 2,759 81% $6.75 508 2,924 86% 1800 - 1900 $5.65 500 2,406 71% $4.05 504 2,744 81% $4.05 522 2,839 84% $4.50 518 2,807 83% $6.75 520 2,373 70% 1900 - 2000 $3.95 412 1,622 48% $3.95 423 1,838 54% $3.95 503 2,131 63% $5.75 575 2,396 70% $6.25 548 2,069 61%  PM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 1400 - 1500 $5.30 425 2,614 77% $5.30 458 2,844 84%$5.30 416 3,046 90%$7.70 399 2,870 84% $8.35 435 2,899 85% 1500 - 1600 $5.65 495 2,799 82%$4.75 451 3,092 91%$7.45 495 2,972 87% $7.45 461 3,013 89% $7.90 502 2,922 86% 1600 - 1700 $4.35 404 3,201 94% $4.50 380 3,198 94%$6.50 326 2,866 84% $7.00 298 2,485 73% $7.45 323 2,546 75% 1700 - 1800 $4.95 377 2,722 80% $4.90 316 2,504 74% $5.40 401 2,923 86% $6.70 361 2,748 81% $6.75 414 2,781 82% 1800 - 1900 $5.65 494 2,406 71% $4.05 511 2,759 81% $4.05 485 2,657 78% $4.50 519 2,856 84% $6.75 556 2,634 77% 1900 - 2000 $3.95 370 1,460 43% $3.95 387 1,679 49% $3.95 364 1,557 46% $5.75 444 2,169 64% $6.25 494 1,866 55%  PM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 1400 - 1500 $5.30 393 2,743 81% $5.30 415 2,762 81%$5.30 413 3,176 93%$7.70 383 2,450 72% $8.35 456 2,793 82% 1500 - 1600 $5.65 428 2,519 74% $4.75 462 2,962 87% $7.45 501 2,874 85% $7.45 504 2,999 88% $7.90 571 2,926 86% 1600 - 1700 $4.35 392 3,108 91% $4.50 412 3,229 95% $6.50 403 3,130 92%$7.00 382 2,822 83% $7.45 393 2,677 79% 1700 - 1800 $4.95 340 2,654 78% $4.90 329 2,508 74% $5.40 401 2,942 87% $6.70 404 2,885 85% $6.75 459 2,940 86% 1800 - 1900 $5.65 517 2,544 75% $4.05 493 2,946 87% $4.05 503 2,608 77% $4.50 519 2,876 85% $6.75 554 2,547 75% 1900 - 2000 $3.95 328 1,398 41% $3.95 377 1,687 50% $3.95 371 1,657 49% $5.75 387 1,865 55% $6.25 490 1,905 56%  PM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 1400 - 1500 $5.30 392 2,759 81% $5.30 415 2,687 79% $5.30 372 2,975 88% $7.70 394 2,885 85% $8.35 435 2,847 84% 1500 - 1600 $5.65 499 2,924 86% $4.75 495 2,952 87% $7.45 537 2,884 85% $7.45 524 2,968 87% $7.90 537 2,912 86% 1600 - 1700 $4.35 417 3,137 92% $4.50 410 3,188 94%$6.50 348 2,780 82% $7.00 322 2,602 77% $7.45 411 2,719 80% 1700 - 1800 $4.95 324 2,628 77% $4.90 336 2,479 73%$5.40 437 3,043 90%$6.70 376 2,786 82% $6.75 415 2,691 79% 1800 - 1900 $5.65 475 2,332 69% $4.05 407 2,366 70% $4.05 497 2,842 84% $4.50 490 2,789 82% $6.75 525 2,692 79% 1900 - 2000 $3.95 329 1,360 40% $3.95 478 2,170 64% $3.95 416 1,815 53% $5.75 475 2,182 64% $6.25 520 2,194 65%  PM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 1400 - 1500 $5.30 369 2,713 80% $5.30 349 2,632 77% 1500 - 1600 $5.65 528 2,915 86% $4.75 497 2,909 86% 1600 - 1700 $4.35 414 3,115 92% $4.50 386 3,123 92% 1700 - 1800 $4.95 371 2,737 81% $4.90 346 2,492 73% 1800 - 1900 $5.65 492 2,459 72% $4.05 508 2,928 86% 1900 - 2000 $3.95 342 1,537 45% $3.95 435 2,241 66% Thursday 08/05/21 Friday 08/06/21 Monday 08/09/21 Tuesday 08/10/21 Wednesday 08/11/21 Monday 08/02/21 Tuesday 08/03/21 Wednesday 08/04/21 Thursday 08/12/21 Friday 08/13/21 Monday 08/16/21 Tuesday 08/17/21 Wednesday 08/18/21 Thursday 08/19/21 Friday 08/20/21 Monday 08/23/21 Tuesday 08/24/21 Wednesday 08/25/21 Thursday 08/26/21 Friday 08/27/21 Monday 08/30/21 Tuesday 08/31/21 Wednesday 09/01/21 Thursday 09/02/21 Friday 09/03/21 248 7 OCTA WESTBOUND PEAK-HOUR VOLUMES  AM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 0400 - 0500 $3.15 419 1,338 39% $3.15 407 1,377 41% $3.15 439 1,352 40% $3.15 442 1,348 40% $3.15 358 1,211 36% 0500 - 0600 $5.10 586 2,387 70% $5.10 585 2,462 72% $5.10 551 2,424 71% $5.10 592 2,495 73% $4.85 495 2,199 65% 0600 - 0700 $5.30 406 2,492 73% $5.30 439 2,633 77% $5.30 418 2,395 70% $5.30 444 2,527 74% $5.10 346 2,179 64% 0700 - 0800 $5.80 381 2,411 71% $5.80 404 2,539 75% $5.80 389 2,521 74% $5.80 353 2,445 72% $5.65 354 2,105 62% 0800 - 0900 $5.30 366 2,392 70% $5.30 362 2,403 71% $5.30 384 2,571 76% $5.30 334 2,417 71% $5.10 359 2,200 65% 0900 - 1000 $4.20 450 2,256 66% $4.20 380 2,375 70% $4.20 456 2,617 77% $4.20 439 2,491 73% $4.20 412 2,202 65%  AM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 0400 - 0500 $3.15 401 1,323 39% $3.15 397 1,354 40% $3.15 421 1,339 39% $3.15 413 1,286 38% $3.15 372 1,213 36% 0500 - 0600 $5.10 588 2,402 71% $5.10 627 2,499 74% $5.10 599 2,382 70% $5.10 537 2,300 68% $4.85 564 2,179 64% 0600 - 0700 $5.30 392 2,520 74% $5.30 417 2,565 75% $5.30 397 2,551 75% $5.30 465 2,642 78% $5.10 400 2,397 71% 0700 - 0800 $5.80 355 2,500 74% $5.80 334 2,426 71% $5.80 383 2,528 74% $5.80 379 2,599 76% $5.65 369 2,389 70% 0800 - 0900 $5.30 313 2,256 66% $5.30 319 2,518 74% $5.30 319 2,460 72% $5.30 289 2,391 70% $5.10 314 2,406 71% 0900 - 1000 $4.20 359 2,182 64% $4.20 356 2,528 74% $4.20 288 2,391 70% $4.20 268 2,435 72% $4.20 280 2,119 62%  AM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 0400 - 0500 $3.15 471 1,495 44% $3.15 467 1,418 42% $3.15 477 1,395 41% $3.15 449 1,413 42% $3.15 374 1,203 35% 0500 - 0600 $5.10 607 2,623 77% $5.10 417 1,564 46% $5.10 606 2,545 75% $5.10 634 2,482 73% $4.85 534 2,228 66% 0600 - 0700 $5.30 496 2,700 79% $5.30 271 1,457 43% $5.30 513 2,690 79% $5.30 506 2,689 79% $5.10 485 2,401 71% 0700 - 0800 $5.80 412 2,634 77% $5.80 447 2,711 80% $5.80 440 2,613 77% $5.80 465 2,601 77% $5.65 389 2,326 68% 0800 - 0900 $5.30 293 2,503 74% $5.30 318 2,633 77% $5.30 275 2,304 68% $5.30 315 2,357 69% $5.10 238 1,909 56% 0900 - 1000 $4.20 291 2,312 68% $4.20 274 2,463 72% $4.20 283 2,256 66% $4.20 242 2,272 67% $4.20 245 1,594 47%  AM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 0400 - 0500 $3.15 434 1,420 42% $3.15 450 1,419 42% $3.15 476 1,433 42% $3.15 431 1,362 40% $3.15 388 1,196 35% 0500 - 0600 $5.10 616 2,511 74% $5.10 659 2,535 75% $5.10 651 2,525 74% $5.10 660 2,534 75% $4.85 583 2,234 66% 0600 - 0700 $5.30 483 2,668 78% $5.30 527 2,767 81% $5.30 539 2,701 79% $5.30 517 2,719 80% $5.10 425 2,122 62% 0700 - 0800 $5.80 467 2,740 81% $5.80 481 2,725 80% $5.80 465 2,736 80% $5.80 518 2,819 83% $5.65 534 2,794 82% 0800 - 0900 $5.30 293 2,749 81% $5.30 282 2,620 77% $5.30 273 2,515 74% $5.30 302 2,542 75% $5.10 277 2,261 67% 0900 - 1000 $4.20 304 2,457 72% $4.20 244 2,419 71% $4.20 302 2,526 74% $4.20 262 2,502 74% $4.20 293 2,151 63%  AM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 0400 - 0500 $3.15 440 1,383 41% $3.15 441 1,424 42% 0500 - 0600 $5.10 626 2,507 74% $5.10 631 2,572 76% 0600 - 0700 $5.30 529 2,680 79% $5.30 510 2,759 81% 0700 - 0800 $5.80 517 2,735 80% $5.80 539 2,829 83% 0800 - 0900 $5.30 299 2,508 74% $5.30 288 2,708 80% 0900 - 1000 $4.20 287 2,299 68% $4.20 276 2,576 76% Monday 08/02/21 Tuesday 08/03/21 Wednesday 08/04/21 Thursday 08/05/21 Friday 08/06/21 Monday 08/09/21 Tuesday 08/10/21 Wednesday 08/11/21 Thursday 08/12/21 Friday 08/13/21 Monday 08/16/21 Tuesday 08/17/21 Wednesday Monday 08/23/21 Tuesday 08/24/21 Wednesday 09/01/21 Thursday 08/19/21 Friday 08/20/21 08/25/21 Thursday 09/02/21 Friday 09/03/21 Thursday 08/26/21 Friday 08/27/21 08/18/21 Monday 08/30/21 Tuesday 08/31/21 Wednesday 249 8 OCTA OPERATIONAL HIGHLIGHTS On-Road Operations OCTA customer assistance specialists (CAS) responded to 132 calls during the month of August. Of those calls, 111 were to assist disabled vehicles and 9 calls to remove debris. The CAS provided assistance to 12 accidents/incidents in the Express Lanes with four of those accidents/incidents originating in the State Route 91 general purpose lanes. 91 Express Lanes Back-Office System (BOS) Development Update In February, Cofiroute USA, LLC (CUSA) notified OCTA and the Riverside County Transportation Commission (RCTC) of a delay to the implementation of the new BOS for the 91 Express Lanes for both Orange and Riverside counties as a result of the COVID-19 pandemic. CUSA is the current operator of the 91 Express Lanes for both OCTA and RCTC and is the firm selected for the design, development, and implementation of the new BOS, as well as the customer service center operation. To address the potential delay of transitioning to the new operating agreement, in October 2019, an amendment to the existing operating agreement was executed which allowed for six one-month extension periods. In July 2021, OCTA and RCTC (Agencies) provided notice to CUSA that the Agencies will be exercising the second of the six one- month extension period, which will commence August 1, 2021 through August 31, 2021. Agencies' staff have been continuing to work with CUSA to meet the amended go-live date of September 29, 2021. Subsequently, the Agencies were informed that the go-live date will be delayed. The Agencies intend to exercise the one-month options until the Agencies transition to the new contract. 91 Express Lanes Toll Entrance Gantries Infrastructure Project Update OCTA entered into an agreement with the California Department of Transportation (Caltrans) to provide construction and construction management services for the 91 Express Lanes Toll Entrance Gantries Infrastructure Project. This project entails constructing new toll gantries infrastructure at the three entrances of the OCTA 91 Express Lanes. Caltrans advertised and awarded the project in March 2021 and May 2021, respectively. In June, the contract was executed and the project kickoff meeting was held in July. Pre-construction activities began in August to be followed with construction activities commencing in September. The project is anticipated to be completed in December 2021. During the construction period, overnight closures and possibly, a few full weekend closures, will occur. Upon completion of the infrastructure project, Kapsch TrafficCom USA, Inc., the toll lanes system integrator for the 91 Express Lanes, will install new Electronic Toll and Traffic Management system equipment onto the new gantries. 250 9 FINANCIAL HIGHLIGHTS OCTA 91 Express Lanes Operating Statement YTD as of : 8/31/2021 Description Actual (1)Budget (1)Dollar $ Percent (%) Operating revenues: Toll Revenue 9,726,410.74$ 7,016,731.00$ 2,709,679.74$ 38.6 Fee Revenue 1,147,581.78 378,697.00 768,884.78 203.0 Total operating revenues 10,873,992.52 7,395,428.00 3,478,564.52 47.0 Operating expenses: Contracted Services 11,377.85 1,278,656.00 1,267,278.15 99.1 Administrative Fee 450,658.00 520,292.00 69,634.00 13.4 Other Professional Services (158,791.02) 362,428.00 521,219.02 143.8 Credit Card Processing Fees 250,388.09 190,410.00 (59,978.09) (31.5) Toll Road Account Servicing 92,427.56 180,100.00 87,672.44 48.7 Other Insurance Expense 76,721.92 41,650.00 (35,071.92) (84.2) Toll Road Maintenance Supply Repairs 54,058.21 683,320.00 629,261.79 92.1 Patrol Services 153,274.22 183,260.00 29,985.78 16.4 Building Equipment Repairs and Maint 40,256.96 83,997.00 43,740.04 52.1 6C Transponders - - - N/A Other Services (5)(783,000.00) 2,400.00 785,400.00 32,725.0 Utilities 8,216.74 15,832.00 7,615.26 48.1 Office Expense - 10,828.00 10,828.00 100.0 Bad Debt Expense 16,986.27 - (16,986.27) N/A Miscellaneous (2)2,415.26 7,964.00 5,548.74 69.7 Leases 50,352.03 82,468.00 32,115.97 38.9 Total operating expenses 265,342.09 3,643,605.00 3,378,262.91 92.7 Depreciation and Amortization (3)539,380.18 - (539,380.18) N/A Operating income (loss)10,069,270.25 3,751,823.00 6,317,447.25 168.4 Nonoperating revenues (expenses): Reimbursement from Other Agencies 48,467.94 - 48,467.94 N/A Interest Income 79,752.83 286,706.00 (206,953.17) (72.2) Interest Expense (692,637.46) (2,022,413.00) 1,329,775.54 65.8 Other 566.20 - 566.20 N/A Total nonoperating revenues (expenses)(563,850.49) (1,735,707.00) 1,171,856.51 67.5 Transfers In - - - N/A Transfers Out (4)257,376.34 - 257,376.34 N/A Net income (loss) 9,762,796.10$ 2,016,116.00$ 7,746,680.10$ 384.2 ¹Actual amounts are accounted for on the accrual basis of accounting in an enterprise fund. Budget amounts are accounted for on a modified accrual basis of accounting. ²Miscellaneous expenses include: Bond Insurance Costs, Bank Service Charge, Transponder Materials. ³Depreciation and amortization are not budgeted items. 4Transfers Out: For M2 Project I and Project J expense reimbursements. 5 Litigation settlement was accrued, the negative will be offset once the litigation payment is issued. YTD Variance 251 10 OPERATIONS OVERVIEW RCTC TRAFFIC AND REVENUE STATISTICS FOR RCTC Total traffic volume on the 91 Express Lanes for August 2021 was 1,448,172. This represents a daily average of 46,715 vehicles. This is a 47.1 percent increase in total traffic volume from the same period last year, which totaled 984,325 and was the sixth month of the COVID-19 stay-at-home order. Potential toll revenue for August was $5,174,084, which represents an increase of 56.1 percent from the prior year’s total of $3,313,981. Carpool percentage for August was 20.6 percent as compared to the previous year’s rate of 21.6 percent. As compared to August 2019, traffic volume increased by 3.3 percent and revenue decreased by 8.2 percent. Month-to-date traffic and revenue data is summarized in the table below. The following trip and revenue statistics tables represent all trips taken on the Riverside County Transportation Commission (RCTC) 91 Express Lanes and associated potential revenue for the month of August 2021. Current Month-to-Date as of August 31, 2021 Trips AUG-21 MTD Actual Stantec MTD Projected # Variance % Variance AUG-20 MTD Actual Yr 21-to-Yr 20 % Variance AUG-19 MTD Actual Yr 21-to-Yr 19 % Variance Full Toll Lanes 1,149,984 976,686 173,298 17.7% 771,951 49.0% 1,040,805 10.5% 3+ Lanes 298,188 346,014 (47,826) (13.8%)212,374 40.4% 361,276 (17.5%) Total Gross Trips 1,448,172 1,322,700 125,472 9.5% 984,325 47.1% 1,402,081 3.3% Revenue Full Toll Lanes $5,132,425 $4,181,557 $950,868 22.7% $3,280,797 56.4% $5,588,508 (8.2%) 3+ Lanes $41,659 $0 $41,659 $33,184 25.5% $45,015 (7.5%) Total Gross Revenue $5,174,084 $4,181,557 $992,527 23.7% $3,313,981 56.1% $5,633,523 (8.2%) Average Revenue per Trip Average Full Toll Lanes $4.46 $4.28 $0.18 4.2% $4.25 4.9% $5.37 (16.9%) Average 3+ Lanes $0.14 $0.00 $0.14 $0.16 (12.5%)$0.12 16.7% Average Gross Revenue $3.57 $3.16 $0.41 13.0% $3.37 5.9% $4.02 (11.2%) 252 11 The 2021 fiscal year-to-date traffic volume increased by 54.4 percent and potential toll revenue increased by 58.9 percent, when compared with the same period last year. Year- to-date average revenue per-trip is $3.49. Fiscal year-to-date traffic and revenue data are summarized in the table below. The following trip and revenue statistics tables represent all trips taken on the RCTC 91 Express Lanes and associated potential revenue for the months of July 2021 through August 2021. FY 2020-21 Year-to-Date as of August 31, 2021 Trips FY 2021-22 YTD Actual Stantec YTD Projected # Variance % Variance FY 2020-21 YTD Actual Yr-to-Yr % Variance Full Toll Lanes 2,305,460 1,911,586 393,874 20.6% 1,490,523 54.7% 3+ Lanes 626,604 684,929 -58,325 (8.5%)408,987 53.2% Total Gross Trips 2,932,064 2,596,514 335,550 12.9% 1,899,510 54.4% Revenue Full Toll Lanes $10,131,153 $8,200,186 $1,930,967 23.5% $6,361,892 59.2% 3+ Lanes $87,101 $0 $87,101 $70,097 24.3% Total Gross Revenue $10,218,254 $8,200,186 $2,018,068 24.6% $6,431,989 58.9% Average Revenue per Trip Average Full Toll Lanes $4.39 $4.29 $0.10 2.3% $4.27 2.8% Average 3+ Lanes $0.14 $0.00 $0.14 $0.17 (17.6%) Average Gross Revenue $3.49 $3.16 $0.33 10.4% $3.39 2.9% 253 12 RCTC Traffic and Revenue Summary The chart below reflects the total trips broken down between full toll lanes and HOV3+ lanes for FY 2021-22 on a monthly basis. The chart below reflects the gross potential revenue breakdown between full toll lanes and HOV3+ lanes for FY 2021-22 on a monthly basis. 254 13 RCTC PEAK-HOUR VOLUMES In August, there were several toll rates adjusted in response to traffic volumes. RCTC evaluates traffic volumes for peak period hours and increases or decreases rates according to the toll rate policy. RCTC EASTBOUND PEAK-HOUR VOLUMES Eastbound PM Peak - County Line to McKinley  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $5.45 242 1,046 1,288 E $5.45 245 1054 1,299 E $9.15 247 985 1,232 E $11.20 238 1,039 1,277 E $26.80 296 977 1,273 E 1500 - 1600 $9.15 234 1,047 1,281 E $11.20 214 948 1,162 D $14.25 205 922 1,127 D $17.30 238 844 1,082 D $26.50 237 957 1,194 D 1600 - 1700 $7.05 230 991 1,221 E $7.05 169 895 1,064 D $7.05 176 938 1,114 D $9.15 204 914 1,118 D $16.30 245 949 1,194 D 1700 - 1800 $5.45 218 942 1,160 D $5.45 176 922 1,098 D $5.45 173 825 998 C $5.45 223 941 1,164 D $8.10 281 996 1,277 E 1800 - 1900 $4.25 254 968 1,222 E $5.45 237 909 1,146 D $5.45 235 989 1,224 E $5.45 242 960 1,202 E $5.45 287 916 1,203 E 1900 - 2000 $2.30 188 567 755 B $2.30 189 626 815 C $2.30 244 772 1,016 D $4.25 281 849 1,130 D $4.25 251 732 983 C  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $5.45 216 1,131 1,347 F $5.45 192 1,127 1,319 F $9.15 196 1,062 1,258 E $11.20 229 1,139 1,368 F $26.80 232 1,053 1,285 E 1500 - 1600 $9.15 206 854 1,060 D $11.20 183 1,020 1,203 E $14.25 228 939 1,167 D $17.30 203 921 1,124 D $26.50 252 925 1,177 D 1600 - 1700 $7.05 168 921 1,089 D $7.05 181 920 1,101 D $7.05 170 992 1,162 D $9.15 161 882 1,043 D $16.30 214 1,021 1,235 E 1700 - 1800 $5.45 173 898 1,071 D $5.45 165 915 1,080 D $5.45 201 923 1,124 D $5.45 182 933 1,115 D $8.10 212 926 1,138 D 1800 - 1900 $4.25 227 844 1,071 D $5.45 230 859 1,089 D $5.45 225 847 1,072 D $5.45 216 853 1,069 D $5.45 267 892 1,159 D 1900 - 2000 $2.30 136 506 642 B $2.30 175 615 790 B $2.30 166 535 701 B $4.25 235 888 1,123 D $4.25 203 631 834 C  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $5.45 218 1,083 1,301 F $5.45 186 1,100 1,286 E $9.15 200 1,115 1,315 F $11.20 202 958 1,160 D $26.80 220 974 1,194 D 1500 - 1600 $9.15 185 854 1,039 D $11.20 182 952 1,134 D $14.25 238 862 1,100 D $17.30 211 909 1,120 D $26.50 244 960 1,204 E 1600 - 1700 $7.05 181 898 1,079 D $7.05 162 896 1,058 D $7.05 197 922 1,119 D $9.15 214 918 1,132 D $16.30 257 995 1,252 E 1700 - 1800 $5.45 172 948 1,120 D $5.45 167 921 1,088 D $5.45 161 975 1,136 D $5.45 170 937 1,107 D $8.10 194 1,016 1,210 E 1800 - 1900 $4.25 195 886 1,081 D $5.45 214 943 1,157 D $5.45 226 896 1,122 D $5.45 231 1,021 1,252 E $5.45 249 890 1,139 D 1900 - 2000 $2.30 159 469 628 B $2.30 152 638 790 B $2.30 156 569 725 B $4.25 180 714 894 C $4.25 247 753 1,000 C  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $5.45 166 1,006 1,172 D $5.45 185 990 1,175 D $9.15 180 1,029 1,209 E $11.20 202 1,099 1,301 F $26.80 215 1,018 1,233 E 1500 - 1600 $9.15 221 921 1,142 D $11.20 192 895 1,087 D $14.25 221 895 1,116 D $17.30 221 928 1,149 D $26.50 272 1,010 1,282 E 1600 - 1700 $7.05 191 863 1,054 D $7.05 180 877 1,057 D $7.05 189 1,021 1,210 E $9.15 182 913 1,095 D $16.30 239 972 1,211 E 1700 - 1800 $5.45 157 951 1,108 D $5.45 154 974 1,128 D $5.45 182 991 1,173 D $5.45 189 985 1,174 D $8.10 200 901 1,101 D 1800 - 1900 $4.25 173 857 1,030 D $5.45 158 750 908 C $5.45 233 984 1,217 E $5.45 220 901 1,121 D $5.45 268 1,097 1,365 F 1900 - 2000 $2.30 156 428 584 B $2.30 173 755 928 C $2.30 181 681 862 C $4.25 221 864 1,085 D $4.25 272 916 1,188 D  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $5.45 180 1,006 1,186 D $5.45 165 1,047 1,212 E 1500 - 1600 $9.15 208 900 1,108 D $11.20 202 976 1,178 D 1600 - 1700 $7.05 184 883 1,067 D $7.05 167 898 1,065 D 1700 - 1800 $5.45 175 953 1,128 D $5.45 151 897 1,048 D 1800 - 1900 $4.25 215 893 1,108 D $5.45 189 922 1,111 D 1900 - 2000 $2.30 135 552 687 B $2.30 187 896 1,083 D 08/12/21 Friday 08/13/21 Thursday 08/19/21 Friday 08/20/21 Thursday Monday 08/09/21 Tuesday 08/10/21 Wednesday 08/11/21 Wednesday 08/04/21 Thursday 08/05/21 Friday 08/06/21Monday08/02/21 Tuesday 08/03/21 Thursday Wednesday 08/18/21Monday08/16/21 Tuesday 08/17/21 Monday 08/23/21 Tuesday 08/24/21 Wednesday 08/25/21 Thursday 08/26/21 Friday 08/27/21 09/02/21 Friday 09/03/2109/01/21Monday08/30/21 Tuesday 08/31/21 Wednesday 255 14 Eastbound PM Peak - County Line to 15 SB Ontario  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $5.45 157 703 860 C $5.45 147 696 843 C $5.45 128 712 840 C $5.45 138 720 858 C $5.45 118 663 781 B 1500 - 1600 $5.45 138 686 824 C $5.45 145 687 832 C $5.45 119 729 848 C $5.45 131 688 819 C $5.45 129 592 721 B 1600 - 1700 $3.00 128 645 773 B $5.45 118 680 798 B $5.45 118 688 806 C $5.45 104 639 743 B $3.00 109 600 709 B 1700 - 1800 $3.00 104 626 730 B $3.00 104 591 695 B $5.45 91 493 584 B $5.45 113 637 750 B $3.00 111 589 700 B 1800 - 1900 $3.00 141 639 780 B $3.00 119 653 772 B $3.00 115 744 859 C $3.00 114 656 770 B $3.00 135 524 659 B 1900 - 2000 $2.00 128 438 566 B $3.00 96 527 623 B $3.00 138 623 761 B $3.00 165 711 876 C $3.00 151 499 650 B  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $5.45 135 734 869 C $5.45 138 724 862 C $5.45 109 732 841 C $5.45 117 735 852 C $5.45 119 722 841 C 1500 - 1600 $5.45 142 625 767 B $5.45 117 724 841 C $5.45 115 710 825 C $5.45 96 635 731 B $5.45 108 660 768 B 1600 - 1700 $3.00 110 686 796 B $5.45 93 688 781 B $5.45 94 660 754 B $5.45 77 581 658 B $3.00 99 598 697 B 1700 - 1800 $3.00 102 691 793 B $3.00 103 611 714 B $5.45 88 648 736 B $5.45 87 594 681 B $3.00 109 607 716 B 1800 - 1900 $3.00 143 644 787 B $3.00 115 570 685 B $3.00 97 592 689 B $3.00 112 612 724 B $3.00 149 626 775 B 1900 - 2000 $2.00 93 366 459 B $3.00 121 501 622 B $3.00 103 372 475 B $3.00 141 620 761 B $3.00 144 433 577 B  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $5.45 104 700 804 C $5.45 102 742 844 C $5.45 106 828 934 C $5.45 101 636 737 B $5.45 119 743 862 C 1500 - 1600 $5.45 107 621 728 B $5.45 114 692 806 C $5.45 127 734 861 C $5.45 122 711 833 C $5.45 117 636 753 B 1600 - 1700 $3.00 93 633 726 B $5.45 89 662 751 B $5.45 103 690 793 B $5.45 98 674 772 B $3.00 102 621 723 B 1700 - 1800 $3.00 90 640 730 B $3.00 98 617 715 B $5.45 100 606 706 B $5.45 83 665 748 B $3.00 123 664 787 B 1800 - 1900 $3.00 95 643 738 B $3.00 113 631 744 B $3.00 131 624 755 B $3.00 123 706 829 C $3.00 134 583 717 B 1900 - 2000 $2.00 95 337 432 B $3.00 109 517 626 B $3.00 113 442 555 B $3.00 97 497 594 B $3.00 155 468 623 B  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $5.45 108 694 802 C $5.45 115 683 798 B $5.45 110 724 834 C $5.45 105 774 879 C $5.45 115 717 832 C 1500 - 1600 $5.45 113 643 756 B $5.45 91 682 773 B $5.45 109 720 829 C $5.45 111 670 781 B $5.45 131 608 739 B 1600 - 1700 $3.00 105 640 745 B $5.45 96 576 672 B $5.45 93 606 699 B $5.45 98 588 686 B $3.00 105 634 739 B 1700 - 1800 $3.00 81 657 738 B $3.00 80 622 702 B $5.45 116 639 755 B $5.45 82 607 689 B $3.00 106 659 765 B 1800 - 1900 $3.00 110 570 680 B $3.00 80 567 647 B $3.00 129 687 816 C $3.00 95 644 739 B $3.00 144 613 757 B 1900 - 2000 $2.00 87 354 441 B $3.00 133 560 693 B $3.00 126 507 633 B $3.00 160 577 737 B $3.00 149 502 651 B  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $5.45 99 663 762 B $5.45 98 764 862 C 1500 - 1600 $5.45 103 650 753 B $5.45 89 661 750 B 1600 - 1700 $3.00 112 666 778 B $5.45 98 638 736 B 1700 - 1800 $3.00 92 678 770 B $3.00 86 601 687 B 1800 - 1900 $3.00 119 576 695 B $3.00 107 632 739 B 1900 - 2000 $2.00 92 403 495 B $3.00 116 669 785 B 09/02/21 Friday 09/03/21Monday 08/30/21 Tuesday 08/31/21 Wednesday 09/01/21 Thursday Thursday 08/05/21 Friday 08/06/21Monday08/02/21 Tuesday 08/03/21 Wednesday 08/04/21 Monday 08/16/21 Tuesday 08/17/21 Wednesday 08/18/21 Wednesday 08/11/21 Thursday 08/12/21 Friday 08/13/21Monday08/09/21 Tuesday 08/10/21 Monday 08/23/21 Tuesday 08/24/21 Thursday 08/19/21 Friday 08/20/21 Wednesday 08/25/21 Thursday 08/26/21 Friday 08/27/21 256 15 RCTC WESTBOUND PEAK-HOUR VOLUMES Westbound AM Peak - McKinley to County Line  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $4.25 190 418 608 B $4.25 165 451 616 B $4.25 186 414 600 B $4.25 186 418 604 B $2.30 164 469 633 B 0500 - 0600 $11.20 305 1,030 1,335 E $11.20 272 1024 1,296 E $11.20 253 1101 1,354 F $10.15 300 1,043 1,343 E $7.05 251 967 1,218 E 0600 - 0700 $13.95 222 1,137 1,359 F $14.95 245 1242 1,487 F $14.95 202 966 1,168 D $13.95 239 1,198 1,437 F $8.10 211 1,015 1,226 E 0700 - 0800 $10.95 248 1,445 1,693 F $10.95 255 1463 1,718 F $10.95 235 1425 1,660 F $9.95 209 1,471 1,680 F $7.05 222 1,174 1,396 F 0800 - 0900 $7.05 223 1,249 1,472 F $7.05 196 1312 1,508 F $7.05 241 1514 1,755 F $7.05 174 1,396 1,570 F $4.25 206 1,181 1,387 F 0900 - 1000 $5.45 212 884 1,096 D $5.45 188 1083 1,271 E $5.45 261 1175 1,436 F $5.45 205 1,019 1,224 E $4.25 206 864 1,070 D  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $4.25 167 438 605 B $4.25 163 426 589 B $4.25 199 459 658 B $4.25 166 366 532 B $2.30 190 429 619 B 0500 - 0600 $11.20 313 1,078 1,391 F $11.20 295 1,048 1,343 E $11.20 283 1,077 1,360 F $10.15 222 978 1,200 D $7.05 282 934 1,216 E 0600 - 0700 $13.95 223 1,187 1,410 F $14.95 214 1,246 1,460 F $14.95 225 1,193 1,418 F $13.95 222 1,280 1,502 F $8.10 207 1,179 1,386 F 0700 - 0800 $10.95 193 1,483 1,676 F $10.95 188 1,444 1,632 F $10.95 264 1,438 1,702 F $9.95 222 1,494 1,716 F $7.05 217 1,364 1,581 F 0800 - 0900 $7.05 159 1,321 1,480 F $7.05 176 1,448 1,624 F $7.05 199 1,462 1,661 F $7.05 157 1,322 1,479 F $4.25 178 1,333 1,511 F 0900 - 1000 $5.45 153 966 1,119 D $5.45 167 1,158 1,325 E $5.45 144 1,040 1,184 D $5.45 143 1,179 1,322 E $4.25 140 899 1,039 D  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $4.25 209 453 662 B $4.25 214 436 650 B $4.25 202 471 673 B $4.25 216 436 652 B $2.30 161 446 607 B 0500 - 0600 $11.20 321 1,068 1,389 F $11.20 330 1,042 1,372 F $11.20 311 1,072 1,383 F $10.15 317 1,093 1,410 F $7.05 217 994 1,211 E 0600 - 0700 $15.95 257 1,151 1,408 F $16.95 253 1,268 1,521 F $16.95 277 1,215 1,492 F $15.95 241 1,193 1,434 F $9.10 208 1,081 1,289 E 0700 - 0800 $12.95 273 1,494 1,767 F $12.95 251 1,376 1,627 F $12.95 264 1,441 1,705 F $11.95 261 1,458 1,719 F $8.05 246 1,358 1,604 F 0800 - 0900 $8.05 200 1,475 1,675 F $9.05 164 1,541 1,705 F $9.05 139 1,390 1,529 F $8.05 150 1,336 1,486 F $4.25 111 1,079 1,190 D 0900 - 1000 $5.45 140 981 1,121 D $5.45 131 1,126 1,257 E $5.45 146 1,049 1,195 D $5.45 122 1,050 1,172 D $4.25 106 673 779 B  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $4.25 183 486 669 B $4.25 190 506 696 B $4.25 218 447 665 B $4.25 196 453 649 B $2.30 179 432 611 B 0500 - 0600 $11.20 271 1,113 1,384 F $11.20 353 1,023 1,376 F $11.20 350 1,032 1,382 F $10.15 332 1,064 1,396 F $7.05 305 884 1,189 D 0600 - 0700 $15.95 212 1,138 1,350 E $16.95 273 1,166 1,439 F $16.95 285 1,218 1,503 F $15.95 268 1,209 1,477 F $9.10 178 808 986 C 0700 - 0800 $12.95 278 1,266 1,544 F $12.95 260 1,397 1,657 F $12.95 233 1,467 1,700 F $11.95 293 1,421 1,714 F $8.05 334 1,461 1,795 F 0800 - 0900 $8.05 190 1,441 1,631 F $9.05 159 1,552 1,711 F $9.05 156 1,541 1,697 F $8.05 162 1,492 1,654 F $4.25 151 1,304 1,455 F 0900 - 1000 $5.45 192 1,291 1,483 F $5.45 136 1,199 1,335 E $5.45 165 1,279 1,444 F $5.45 138 1,218 1,356 F $4.25 141 908 1,049 D  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $4.25 197 439 636 B $4.25 185 495 680 B 0500 - 0600 $11.20 340 1,058 1,398 F $11.20 332 1,127 1,459 F 0600 - 0700 $15.95 265 1,143 1,408 F $16.95 225 1,117 1,342 E 0700 - 0800 $12.95 286 1,358 1,644 F $12.95 336 1,396 1,732 F 0800 - 0900 $8.05 182 1,475 1,657 F $9.05 171 1,535 1,706 F 0900 - 1000 $5.45 156 1,170 1,326 E $5.45 169 1,333 1,502 F 08/13/21Thursday 08/26/21 Friday 08/27/21 Monday 08/09/21 Tuesday 08/10/21 Wednesday 08/11/21 Wednesday 08/04/21 Thursday 08/05/21 Friday 08/06/21Monday08/02/21 Tuesday 08/03/21 08/12/21 Friday Monday 08/23/21 Tuesday 08/24/21 Wednesday 08/25/21 Wednesday 08/18/21 Thursday 08/19/21 Friday 08/20/21Monday08/16/21 Tuesday 08/17/21 Thursday 09/02/21 Friday 09/03/21ThursdayMonday08/30/21 Tuesday 08/31/21 Wednesday 09/01/21 257 16 Westbound AM Peak - I-15 North to County Line  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $3.00 125 476 601 B $3.00 116 485 601 B $3.00 124 456 580 B $3.00 134 445 579 B $2.00 94 388 482 B 0500 - 0600 $7.00 156 886 1,042 D $7.00 172 959 1,131 D $7.00 150 949 1,099 D $7.00 179 939 1,118 D $5.45 149 806 955 C 0600 - 0700 $7.00 150 1,175 1,325 E $7.00 158 1210 1,368 E $7.00 170 1174 1,344 E $7.00 157 1,143 1,300 E $5.45 125 988 1,113 D 0700 - 0800 $7.00 136 1,052 1,188 D $7.00 154 1224 1,378 E $7.00 133 1279 1,412 F $7.00 121 1,132 1,253 E $5.45 133 919 1,052 D 0800 - 0900 $5.45 126 1,064 1,190 D $5.45 148 1055 1,203 E $5.45 145 1156 1,301 E $5.45 119 1,078 1,197 D $3.00 117 864 981 C 0900 - 1000 $3.00 156 781 937 C $3.00 155 858 1,013 D $3.00 167 858 1,025 D $3.00 162 852 1,014 D $3.00 136 706 842 C  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $3.00 101 465 566 B $3.00 106 456 562 B $3.00 103 430 533 B $3.00 108 456 564 B $2.00 101 385 486 B 0500 - 0600 $7.00 171 907 1,078 D $7.00 194 973 1,167 D $7.00 156 927 1,083 D $7.00 138 954 1,092 D $5.45 169 779 948 C 0600 - 0700 $7.00 142 1,163 1,305 E $7.00 120 1,176 1,296 E $7.00 131 1,145 1,276 E $7.00 132 1,188 1,320 E $5.45 130 982 1,112 D 0700 - 0800 $7.00 129 1,215 1,344 E $7.00 113 1,257 1,370 E $7.00 136 1,311 1,447 F $7.00 138 1,262 1,400 E $5.45 131 1,038 1,169 D 0800 - 0900 $5.45 121 1,003 1,124 D $5.45 139 1,164 1,303 E $5.45 116 1,041 1,157 D $5.45 116 1,178 1,294 E $3.00 83 976 1,059 D 0900 - 1000 $3.00 149 774 923 C $3.00 132 880 1,012 D $3.00 80 900 980 C $3.00 108 850 958 C $3.00 100 689 789 B  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $3.00 151 486 637 B $3.00 146 444 590 B $3.00 133 469 602 B $3.00 137 431 568 B $2.00 90 397 487 B 0500 - 0600 $7.00 189 967 1,156 D $7.00 219 935 1,154 D $7.00 174 980 1,154 D $7.00 175 939 1,114 D $5.45 115 807 922 C 0600 - 0700 $8.00 178 1,143 1,321 E $9.00 178 1,157 1,335 E $9.00 191 1,198 1,389 E $8.00 159 1,238 1,397 E $5.45 146 1,095 1,241 E 0700 - 0800 $8.00 147 1,175 1,322 E $9.00 136 1,350 1,486 F $9.00 130 1,112 1,242 E $7.00 132 1,261 1,393 E $5.45 115 1,040 1,155 D 0800 - 0900 $5.45 106 1,065 1,171 D $6.45 107 1,256 1,363 E $6.45 101 1,084 1,185 D $5.45 94 1,152 1,246 E $3.00 84 861 945 C 0900 - 1000 $3.00 119 877 996 C $3.00 86 938 1,024 D $3.00 112 886 998 C $3.00 95 828 923 C $3.00 91 644 735 B  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $3.00 117 483 600 B $3.00 125 449 574 B $3.00 147 445 592 B $3.00 127 450 577 B $2.00 118 386 504 B 0500 - 0600 $7.00 156 967 1,123 D $7.00 196 954 1,150 D $7.00 190 903 1,093 D $7.00 198 921 1,119 D $5.45 183 788 971 C 0600 - 0700 $8.00 178 1,208 1,386 E $9.00 227 1,234 1,461 F $9.00 202 1,239 1,441 F $8.00 197 1,284 1,481 F $5.45 187 965 1,152 D 0700 - 0800 $8.00 167 1,362 1,529 F $9.00 175 1,323 1,498 F $9.00 160 1,378 1,538 F $7.00 183 1,307 1,490 F $5.45 162 1,066 1,228 E 0800 - 0900 $5.45 119 1,222 1,341 E $6.45 127 1,223 1,350 E $6.45 98 1,147 1,245 E $5.45 107 1,208 1,315 E $3.00 106 945 1,051 D 0900 - 1000 $3.00 89 775 864 C $3.00 76 889 965 C $3.00 90 959 1,049 D $3.00 91 969 1,060 D $3.00 96 744 840 C  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $3.00 147 484 631 B $3.00 111 491 602 B 0500 - 0600 $7.00 188 947 1,135 D $7.00 198 1,009 1,207 E 0600 - 0700 $8.00 233 1,186 1,419 F $9.00 197 1,280 1,477 F 0700 - 0800 $8.00 175 1,328 1,503 F $9.00 219 1,316 1,535 F 0800 - 0900 $5.45 110 1,166 1,276 E $6.45 132 1,292 1,424 F 0900 - 1000 $3.00 87 771 858 C $3.00 84 921 1,005 D Monday 08/30/21 Tuesday 08/31/21 Wednesday 09/01/21 Thursday 09/02/21 Friday 09/03/21 Thursday 08/05/21 Friday 08/06/21Monday08/02/21 Tuesday 08/03/21 Wednesday 08/04/21 Monday 08/16/21 Tuesday 08/17/21 Wednesday 08/18/21 Wednesday 08/11/21 Thursday 08/12/21 Friday 08/13/21Monday08/09/21 Tuesday 08/10/21 Thursday 08/19/21 Friday 08/20/21 Thursday 08/26/21 Friday 08/27/21Monday08/23/21 Tuesday 08/24/21 Wednesday 08/25/21 258 17 RCTC OPERATIONAL HIGHLIGHTS On-Road Operations RCTC Freeway Service Patrol responded to 151 calls during the month of August. Of those calls, 107 were to assist disabled vehicles, 19 calls to remove debris, and 25 were in response to accidents in the Express Lanes. 91 Express Lanes BOS Development Update In February, Cofiroute USA, LLC (CUSA) notified OCTA and the Riverside County Transportation Commission (RCTC) of a delay to the implementation of the new BOS for the 91 Express Lanes for both Orange and Riverside counties as a result of the COVID-19 pandemic. CUSA is the current operator of the 91 Express Lanes for both OCTA and RCTC and is the firm selected for the design, development, and implementation of the new BOS, as well as the customer service center operation. To address the potential delay of transitioning to the new operating agreement, in October 2019, an amendment to the existing operating agreement was executed which allowed for six one-month extension periods. In July 2021, OCTA and RCTC (Agencies) provided notice to CUSA that the Agencies will be exercising the second of the six one-month extension period, which will commence August 1, 2021 through August 31, 2021. Agencies' staff have been continuing to work with CUSA to meet the amended go-live date of September 29, 2021. Subsequently, the Agencies were informed that the go-live date will be delayed. The Agencies intend to exercise the one-month options until the Agencies transition to the new contract. 259 18 FINANCIAL HIGHLIGHTS RCTC RCTC 91 Express Lanes Operating Statement 8/31/2021 Description Budget Dollar $ Percent (%) Operating revenues: Toll Revenue 9,384,553.65$ 5,972,500.00$ 3,412,053.65$ 57.1 Fee Revenue 1,174,104.19 952,816.67 221,287.52 23.2 Total operating revenues 10,558,657.84 6,925,316.67 3,633,341.17 52.5 Operating expenses: Salaries and Benefits 76,758.13 142,133.33 65,375.20 46.0 Legal Services 7,145.52 34,166.67 27,021.15 79.1 Advisory Services (284.34) 2 833.33 1,117.67 134.1 Audit and Accounting Fees - 6,000.00 6,000.00 100.0 Service Fees - 3,116.67 3,116.67 100.0 Other Professional Services 66,880.64 209,916.67 143,036.03 68.1 Lease Expense 48,467.94 53,183.33 4,715.39 8.9 Operations (110,485.44) 2 602,966.67 713,452.11 118.3 Utilities 1,666.86 10,850.00 9,183.14 84.6 Supplies and Materials 49.95 5,583.33 5,533.38 99.1 Membership and Subscription Fees - 5,000.00 5,000.00 100.0 Office Equipment & Furniture (Non-Capital)- 13,333.33 13,333.33 100.0 Maintenance/Repairs 22,319.18 51,433.33 29,114.15 56.6 Training Seminars and Conferences 332.60 266.67 (65.93) (24.7) Transportation Expenses - 416.67 416.67 100.0 Lodging - 216.67 216.67 100.0 Meals - 500.00 500.00 100.0 Other Staff Expenses - 50.00 50.00 100.0 Advertising - 35,833.33 35,833.33 100.0 Program Management 2,801.35 13,850.00 11,048.65 79.8 Program Operations 6,966.52 1,395,700.00 1,388,733.48 99.5 Litigation Settlement - - - N/A Furniture & Equipment - 12,500.00 12,500.00 100.0 Improvements 24,997.50 9,166.67 (15,830.83) (172.7) Bad Debt Expense 17,069.61 - (17,069.61) N/A Total operating expenses 164,686.02 2,607,016.67 2,442,330.65 93.7 Operating income (loss)10,393,971.82 4,318,300.00 6,075,671.82 140.7 Nonoperating revenues (expenses): Interest Revenue 204,488.46 24,916.67 179,571.79 (720.7) Other Miscellaneous Revenue 5.96 - 5.96 N/A Principal Expense - - - N/A Interest Expense - (1,506,816.67) 1,506,816.67 (100.0) Total nonoperating revenues (expenses)204,494.42 (1,481,900.00) 1,686,394.42 113.8 Transfers In - - - N/A Transfers Out - (179,116.67) 179,116.67 (100.0) Net income (loss) 10,598,466.24$ 2,657,283.33$ 7,941,182.91$ 298.8 1 Unaudited 2 Negatives are the result of FY21 accruals YTD as of : YTD Variance Actual1 260 19 JOINT AGENCY TRIP AND REVENUE STATISTICS JOINT AGENCY TRAFFIC STATISTICS MULTI AGENCY TRIP AND REVENUE STATISTICS MONTH ENDING August 31, 2021 MTD Transactions by Agency Transactions Using Both Segments % Using Both Segments Revenue Westbound OCTA 875,414 466,619 53% $2,439,338 RCTC 787,943 466,619 59% $2,931,498 I -15 334,922 266,520 80% $1,083,298 McKinley 453,021 200,099 44% $1,848,200 Eastbound OCTA 831,856 502,291 60% $2,815,133 RCTC 660,229 502,291 76% $2,242,586 I -15 256,107 201,649 79%$637,992 McKinley 404,122 300,642 74% $1,604,594 261 20 JOINT AGENCY PERFORMANCE MEASURES CUSA continues to experience staffing impacts related to employee attrition and employees out on leave, which impacted performance in both the Processing and Call Center. Due to these impacts, CUSA was out of compliance for average call wait time, call abandonment rate and processing response for the month of August. CUSA has taken several steps, such as increasing hourly pay rates, providing retention incentives, and engaging temporary staffing service providers, to mitigate the impacts to staffing that are impacting operations. CUSA cites the national staffing shortage and extended leave taken under the Coronavirus Aid, Relief, and Economic Security ACT as reasons for the staffing shortage to date. The Agencies are working closely with CUSA to restore the level of customer service. 262 21 JOINT AGENCY TRANSPONDER DISTRIBUTION Tags % of Total Tags % of Total Issued To New Accounts 18,848 98.5% 9,181 96.5% 14,015 97.8% Additional Tags to Existing Accounts 265 1.4% 335 3.5% 300 2.1% Replacement Transponders 31 0.2% 0 0.0% 16 0.1% Total Issued 19,144 9,516 14,330 Returned Account Closures Accounts Downsizing Defective Transponders Total Returned 6C TRANSPONDER DISTRIBUTION August-21 July-21 FY 2021-22 Average To-Date 263 22 At the end of August 2021, the 91 Express Lanes had 156,792 active customer accounts and 604,407 transponders classified as assigned. Number of Accounts by FY As of August 31, 2021 Incoming Email Activity During August, the Anaheim Processing Center received 4,459 emails. 264 Orange County Transportation Authority Riverside County Transportation Commission Status Report September 2021 As of September 30, 2021 ATTACHMENT 3 265 2 Table of Contents Operations Overview OCTA ............................................................................................ 3 Traffic and Revenue Statistics for OCTA ......................................................................... 3 OCTA Traffic and Revenue Summary ............................................................................. 5 OCTA Eastbound Peak-Hour Volumes ........................................................................... 6 OCTA Westbound Peak-Hour Volumes .......................................................................... 7 OCTA Operational Highlights .......................................................................................... 8 Financial Highlights OCTA ............................................................................................ 10 Operations Overview RCTC .......................................................................................... 11 Traffic and Revenue Statistics for RCTC ....................................................................... 11 RCTC Traffic and Revenue Summary ........................................................................... 13 RCTC Peak-Hour Volumes ........................................................................................... 14 RCTC Eastbound Peak-Hour Volumes ......................................................................... 14 RCTC Westbound Peak-Hour Volumes ........................................................................ 16 RCTC Operational Highlights ........................................................................................ 18 Financial Highlights RCTC ............................................................................................ 19 Joint Agency Trip and Revenue Statistics ..................................................................... 20 Joint Agency Traffic Statistics ....................................................................................... 20 Joint Agency Performance Measures............................................................................ 21 Joint Agency Transponder Distribution.......................................................................... 22 Incoming Email Activity ................................................................................................. 23 266 3 OPERATIONS OVERVIEW OCTA TRAFFIC AND REVENUE STATISTICS FOR OCTA Total traffic volume on the 91 Express Lanes for September 2021 was 1,667,305. This represents a daily average of 55,577 vehicles. This is a 42.2 percent increase in total traffic volume from the same period last year, which totaled 1,172,239 and was the seventh month of the State of California’s stay-at-home orders due to the coronavirus (COVID-19) pandemic. Potential toll revenue for September was $5,247,366, which represents an increase of 37.3 percent from the prior year’s total of $3,823,078. Carpool percentage for September was 21.9 percent as compared to the previous year’s rate of 21.6 percent. As compared to September 2019, traffic volume increased by 12.8 percent and revenue increased by 18.2 percent. Month-to-date traffic and revenue data is summarized in the table below. The following trip and revenue statistics tables represent all trips taken on the Orange County Transportation Authority (OCTA) 91 Express Lanes and associated potential revenue for the month of September 2021. Current Month-to-Date (MTD) as of September 30, 2021 Trips Sep-21 MTD Actual Sep-20 MTD Actual Yr 21-to-Yr 20 % Variance Sep-19 MTD Actual Yr 21-to-Yr 19 % Variance Full Toll Lanes 1,301,798 919,568 41.6% 1,095,487 18.8% 3+ Lanes 365,507 252,671 44.7% 382,094 (4.3%) Total Gross Trips 1,667,305 1,172,239 42.2% 1,477,581 12.8% Revenue Full Toll Lanes $5,197,519 $3,770,761 37.8% $4,373,645 18.8% 3+ Lanes $49,847 $52,317 (4.7%)$66,703 (25.3%) Total Gross Revenue $5,247,366 $3,823,078 37.3% $4,440,347 18.2% Average Revenue per Trip Average Full Toll Lanes $3.99 $4.10 (2.7%)$3.99 0.0% Average 3+ Lanes $0.14 $0.21 (33.3%)$0.17 (17.6%) Average Gross Revenue $3.15 $3.26 (3.4%)$3.01 4.7% 267 4 The 2021 fiscal year-to-date traffic volume increased by 49.8 percent and potential toll revenue increased by 42.7 percent, when compared with the same period last year. Year-to-date average revenue per trip is $3.09. Fiscal year-to-date traffic and revenue data are summarized in the table below. The following trip and revenue statistics tables represent all trips taken on the OCTA 91 Express Lanes and associated potential revenue for the months of July 2021 through September 2021. Fiscal Year (FY) 2020-21 Year-to-Date (YTD) as of September 30, 2021 Trips FY 2021-22 YTD Actual FY 2020-21 YTD Actual Yr-to-Yr % Variance Full Toll Lanes 3,960,499 2,650,808 49.4% 3+ Lanes 1,157,678 766,024 51.1% Total Gross Trips 5,118,177 3,416,832 49.8% Revenue Full Toll Lanes $15,657,217 $10,920,716 43.4% 3+ Lanes $150,861 $157,534 (4.2%) Total Gross Revenue $15,808,078 $11,078,250 42.7% Average Revenue per Trip Average Full Toll Lanes $3.95 $4.12 (4.1%) Average 3+ Lanes $0.13 $0.21 (38.1%) Average Gross Revenue $3.09 $3.24 (4.6%) 268 5 OCTA Traffic and Revenue Summary The chart below reflects the total trips breakdown between full toll trips and high-occupancy vehicle (HOV3+) trips for FY 2021-22 on a monthly basis. The chart below reflects the gross potential revenue breakdown between full toll trips and HOV3+ trips for FY 2021-22 on a monthly basis. 269 6 OCTA EASTBOUND PEAK-HOUR VOLUMES Peak-hour traffic in the eastbound direction reached or exceeded 90 percent of defined capacity 22 times during the month of September 2021. As demonstrated on the next chart, westbound peak-hour traffic volumes top out at 85 percent of defined capacity.  PM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 1400 - 1500 $5.30 399 3,082 91%$7.70 420 2,752 81% $8.35 500 2,841 84% 1500 - 1600 $7.45 561 2,945 87% $7.45 463 2,556 75%$7.90 646 3,062 90% 1600 - 1700 $6.50 370 3,081 91%$7.00 335 2,737 81% $7.45 460 2,689 79% 1700 - 1800 $5.40 404 2,878 85% $6.70 411 2,844 84% $6.75 518 2,681 79% 1800 - 1900 $4.05 499 2,658 78% $4.50 493 3,014 89% $6.75 508 2,165 64% 1900 - 2000 $3.95 586 2,314 68% $5.75 542 2,381 70% $6.25 592 2,091 62%  PM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 1400 - 1500 $4.60 397 1,172 34% $5.30 384 2,665 78% $5.30 427 2,979 88%$7.70 394 3,088 91%$8.35 454 2,869 84% 1500 - 1600 $4.60 422 1,215 36% $4.75 474 3,012 89% $7.45 533 2,783 82%$7.45 525 3,049 90%$7.90 555 2,893 85% 1600 - 1700 $4.60 435 1,158 34%$4.50 413 3,306 97%$6.50 345 2,778 82% $7.00 330 2,670 79% $7.45 381 2,654 78% 1700 - 1800 $4.60 429 1,053 31% $4.90 326 2,506 74% $5.40 382 2,884 85% $6.70 402 2,851 84% $6.75 458 2,827 83% 1800 - 1900 $4.60 502 1,137 33% $4.05 508 2,825 83% $4.05 537 3,011 89%$4.50 522 3,052 90%$6.75 590 2,658 78% 1900 - 2000 $4.60 568 1,181 35% $3.95 384 1,751 52% $3.95 454 2,121 62% $5.75 398 1,934 57% $6.25 527 2,128 63%  PM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 1400 - 1500 $5.30 364 2,683 79% $5.30 370 2,622 77%$5.30 387 3,071 90%$7.70 397 2,906 85% $8.35 459 2,913 86% 1500 - 1600 $5.65 536 3,024 89%$4.75 537 3,064 90%$7.45 448 2,154 63% $7.45 536 2,804 82% $7.90 589 2,864 84% 1600 - 1700 $4.35 437 3,222 95% $4.50 417 3,272 96%$6.50 304 2,348 69% $7.00 398 2,799 82% $7.45 442 2,656 78% 1700 - 1800 $4.95 335 2,615 77% $4.90 337 2,524 74% $5.40 402 2,940 86% $6.70 381 2,760 81% $6.75 461 2,825 83% 1800 - 1900 $5.65 493 2,571 76% $4.05 528 2,957 87% $4.05 534 3,026 89% $4.50 516 2,943 87% $6.75 626 2,767 81% 1900 - 2000 $3.95 400 1,530 45% $3.95 476 2,173 64% $3.95 560 2,436 72% $5.75 541 2,381 70% $6.25 597 2,339 69%  PM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 1400 - 1500 $5.30 363 2,675 79% $5.30 379 2,805 83%$5.30 398 3,121 92%$7.70 386 2,858 84% $8.35 482 2,882 85% 1500 - 1600 $5.65 534 3,132 92% $4.75 520 3,067 90%$7.45 488 2,803 82%$7.45 537 3,049 90%$7.90 559 2,890 85% 1600 - 1700 $4.35 420 3,080 91% $4.50 402 3,181 94%$6.50 382 2,809 83% $7.00 395 2,888 85% $7.45 420 2,778 82% 1700 - 1800 $4.95 364 2,656 78% $4.90 362 2,524 74% $5.40 433 2,864 84% $6.70 422 2,814 83% $6.75 454 2,825 83% 1800 - 1900 $5.65 492 2,567 76% $4.05 519 2,944 87% $4.05 510 2,831 83% $4.50 568 2,975 88% $6.75 627 2,834 83% 1900 - 2000 $3.95 391 1,720 51% $3.95 504 2,316 68% $3.95 582 2,575 76% $5.75 553 2,361 69% $6.25 559 2,176 64%  PM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 1400 - 1500 $5.30 358 2,732 80% $5.30 370 2,697 79%$5.30 397 3,098 91%$7.70 286 1,942 57% 1500 - 1600 $5.65 515 3,129 92%$4.75 492 3,010 89% $7.45 516 2,814 83% $7.45 498 3,027 89% 1600 - 1700 $4.35 413 3,274 96% $4.50 399 3,144 92%$6.50 332 2,789 82%$7.00 383 3,062 90% 1700 - 1800 $4.95 398 2,806 83% $4.90 355 2,522 74% $5.40 448 2,976 88% $6.70 444 3,035 89% 1800 - 1900 $5.65 484 2,293 67% $4.05 546 2,885 85% $4.05 556 2,883 85% $4.50 533 2,903 85% 1900 - 2000 $3.95 420 1,581 47% $3.95 531 2,229 66% $3.95 501 2,179 64% $5.75 494 2,209 65% Thursday 09/02/21 Friday 09/03/21 Monday 09/06/20 Tuesday 09/07/20 Wednesday 09/08/20 Monday 08/30/21 Tuesday 08/31/21 Wednesday 09/01/21 Thursday 09/09/20 Friday 09/10/20 Monday 09/13/21 Tuesday 09/14/21 Wednesday 09/15/21 Thursday 09/16/21 Friday 09/17/21 Monday 09/20/21 Tuesday 09/21/21 Wednesday 09/22/21 Thursday 09/23/21 Friday 09/24/21 Monday 09/27/21 Tuesday 09/28/21 Wednesday 09/29/21 Thursday 09/30/21 Friday 10/01/21 270 7 OCTA WESTBOUND PEAK-HOUR VOLUMES  AM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 0400 - 0500 $3.15 436 1,396 41% $3.15 454 1,374 40% $3.15 340 1,131 33% 0500 - 0600 $5.10 695 2,648 78% $5.10 676 2,568 76% $5.10 530 2,239 66% 0600 - 0700 $5.30 562 2,765 81% $5.30 511 2,737 81% $5.30 517 2,457 72% 0700 - 0800 $5.80 545 2,875 85% $5.80 530 2,680 79% $5.65 422 2,299 68% 0800 - 0900 $5.30 295 2,607 77% $5.80 307 2,540 75% $5.45 276 2,075 61% 0900 - 1000 $4.20 241 2,325 68% $5.80 256 2,424 71% $4.70 270 1,707 50%  AM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 0400 - 0500 $1.75 62 132 4% $3.15 408 1,385 41% $3.15 408 1,295 38% $3.15 428 1,395 41% $3.15 360 1,204 35% 0500 - 0600 $1.75 86 211 6% $5.10 661 2,639 78% $5.10 649 2,614 77% $5.10 659 2,652 78% $4.85 576 2,321 68% 0600 - 0700 $2.60 65 256 8% $5.30 558 2,784 82% $5.30 556 2,816 83% $5.30 570 2,753 81% $5.10 514 2,610 77% 0700 - 0800 $2.60 140 439 13% $5.80 518 2,755 81% $5.80 553 2,828 83% $5.80 487 2,709 80% $5.65 461 2,540 75% 0800 - 0900 $2.60 260 760 22% $5.30 327 2,710 80% $5.30 296 2,610 77% $5.30 292 2,538 75% $5.10 266 2,286 67% 0900 - 1000 $3.80 449 1,236 36% $4.20 316 2,873 85% $4.20 301 2,904 85% $4.20 309 2,665 78% $4.20 265 2,207 65%  AM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 0400 - 0500 $3.15 428 1,379 41% $3.15 459 1,514 45% $3.15 485 1,628 48% $3.15 439 1,443 42% $3.15 358 1,236 36% 0500 - 0600 $5.10 648 2,558 75% $5.10 638 2,583 76% $5.10 677 2,656 78% $5.10 658 2,669 79% $4.85 609 2,438 72% 0600 - 0700 $5.30 592 2,827 83% $5.30 572 2,824 83% $5.30 570 2,844 84% $5.30 578 2,681 79% $5.10 598 2,618 77% 0700 - 0800 $5.80 508 2,734 80% $5.80 536 2,721 80% $5.80 554 2,773 82% $5.80 550 2,812 83% $5.65 550 2,589 76% 0800 - 0900 $5.30 289 2,542 75% $5.30 310 2,666 78% $5.30 319 2,604 77% $5.30 295 2,469 73% $5.10 281 2,163 64% 0900 - 1000 $4.20 254 2,285 67% $4.20 243 2,468 73% $4.20 303 2,323 68% $4.20 257 2,252 66% $4.20 302 2,126 63%  AM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 0400 - 0500 $3.15 418 1,304 38% $3.15 471 1,534 45% $3.15 455 1,435 42% $3.15 452 1,453 43% $3.15 358 1,247 37% 0500 - 0600 $5.10 639 2,573 76% $5.10 658 2,448 72% $5.10 685 2,753 81% $5.10 702 2,652 78% $4.85 599 2,491 73% 0600 - 0700 $5.30 537 2,578 76% $5.30 429 1,860 55% $5.30 630 2,890 85% $5.30 634 2,753 81% $5.10 617 2,675 79% 0700 - 0800 $5.80 538 2,684 79% $5.80 616 2,809 83% $5.80 522 2,715 80% $5.80 516 2,528 74% $5.65 452 2,409 71% 0800 - 0900 $5.30 345 2,561 75% $5.30 340 2,803 82% $5.30 285 2,406 71% $5.30 304 2,508 74% $5.10 286 2,291 67% 0900 - 1000 $4.20 277 2,264 67% $4.20 270 2,844 84% $4.20 296 2,565 75% $4.20 279 2,197 65% $4.20 295 2,130 63%  AM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 0400 - 0500 $3.15 415 1,405 41% $3.15 461 1,469 43% $3.15 463 1,485 44% $3.15 437 1,429 42% 0500 - 0600 $5.10 589 2,472 73% $5.10 730 2,778 82% $5.10 625 2,649 78% $5.10 726 2,709 80% 0600 - 0700 $5.30 608 2,769 81% $5.30 642 2,873 85% $5.30 538 2,405 71% $5.30 609 2,770 81% 0700 - 0800 $5.80 481 2,638 78% $5.80 484 2,602 77% $5.80 547 2,814 83% $5.80 467 2,536 75% 0800 - 0900 $5.30 282 2,434 72% $5.30 257 2,476 73% $5.30 321 2,506 74% $5.30 294 2,444 72% 0900 - 1000 $4.20 262 2,094 62% $4.20 268 2,334 69% $4.20 269 2,397 71% $4.20 273 2,605 77% Monday 08/30/21 Tuesday 08/31/21 Wednesday 09/01/21 Thursday 09/02/21 Friday 09/03/21 Monday 09/06/21 Tuesday 09/07/21 Wednesday 09/08/21 Thursday 09/09/21 Friday 09/10/21 Monday 09/13/21 Tuesday 09/14/21 Wednesday Monday 09/20/21 Tuesday 09/21/21 Wednesday 09/29/21 Thursday 09/16/21 Friday 09/17/21 09/22/21 Thursday 09/30/21 Friday 10/01/21 Thursday 09/23/21 Friday 09/24/21 09/15/21 Monday 09/27/21 Tuesday 09/28/21 Wednesday 271 8 OCTA OPERATIONAL HIGHLIGHTS On-Road Operations OCTA customer assistance specialists (CAS) responded to 112 calls during the month of September. Of those calls, 103 were to assist disabled vehicles and four calls to remove debris. The CAS provided assistance to five accidents in the Express Lanes with two of those accidents originating in the State Route 91 general purpose lanes. 91 Express Lanes Back-Office System (BOS) Development Update In February, Cofiroute USA, LLC (CUSA) notified OCTA and the Riverside County Transportation Commission (RCTC) of a delay to the implementation of the new BOS for the 91 Express Lanes for both Orange and Riverside counties as a result of the COVID-19 pandemic. CUSA is the current operator of the 91 Express Lanes for both OCTA and RCTC and is the firm selected for the design, development, and implementation of the new BOS, as well as the customer service center operation. To address the potential delay of transitioning to the new operating agreement, in October 2019, an amendment to the existing operating agreement was executed which allowed for six one-month extension periods. In September 2021, OCTA and RCTC (Agencies) provided notice to CUSA that the Agencies will be exercising the fourth of the six one-month extension period, which will commence October 1, 2021 through October 31, 2021. Agencies' staff have been continuing to work with CUSA to meet the amended go-live date of September 29, 2021. Subsequently, the Agencies were informed that the go-live date will be delayed. The Agencies have been working with CUSA to determine when the revised go-live date is expected and will then ask CUSA to provide an approved implementation schedule for go-live. The Agencies intend to exercise the one-month options until the transition to the new contract occurs. 91 Express Lanes Toll Entrance Gantries Infrastructure Project Update OCTA entered into an agreement with the California Department of Transportation (Caltrans) to provide construction and construction management services for the 91 Express Lanes Toll Entrance Gantries Infrastructure Project. This project entails constructing new toll gantries infrastructure at the three entrances of the OCTA 91 Express Lanes. Caltrans advertised and awarded the project in March 2021 and May 2021, respectively. In June, the contract was executed and the project kickoff meeting was held in July. Pre-construction activities began in August and was followed with construction activities which commenced in September. The project is anticipated to be completed in December 2021. During the construction period, overnight closures and possibly, a few full weekend closures, will occur. Upon completion of the infrastructure project, Kapsch TrafficCom USA, Inc., the toll lanes system integrator for the 91 Express 272 9 Lanes, will install new Electronic Toll and Traffic Management system equipment onto the new gantries. Roadway Operations and Maintenance Services Contract In December 2020, an agreement was executed with DeAngelo Brothers, LLC (DBI) for roadway operations and maintenance services for the 91 Express Lanes. DBI is responsible for providing Safety Service Patrol (SSP), which will assist stranded motorists, support incident clearance, and remove debris that presents a safety issue. In addition, DBI coordinates, oversees, and provides routine maintenance and repair activities that are to be performed on the facility, such as landscaping, road lighting inspection and repairs, and the replacement of the channelizers. In addition, they coordinate with the Caltrans for any routine and emergency maintenance to be performed on the 91 Express Lanes and any construction activities on the general-purpose lanes that impact the toll lanes. On October 22, 2021, staff was notified that DBI closed the company's operations, effective immediately. Staff is putting interim measures in place, such as utilizing Freeway Service Patrol to assist stranded motorists and support incident clearance. Staff is evaluating the next steps and will keep the Board apprised. 273 10 FINANCIAL HIGHLIGHTS OCTA 91 Express Lanes Operating Statement YTD as of : 9/30/2021 Description Actual (1)Budget (1)Dollar $ Percent (%) Operating revenues: Toll Revenue 14,441,774.43$ 10,299,299.00$ 4,142,475.43$ 40.2 Fee Revenue 1,669,263.39 597,079.00 1,072,184.39 179.6 Total operating revenues 16,111,037.82 10,896,378.00 5,214,659.82 47.9 Operating expenses: Contracted Services 137,841.66 1,917,984.00 1,780,142.34 92.8 Administrative Fee 675,987.00 780,438.00 104,451.00 13.4 Other Professional Services (124,461.99) 711,040.00 835,501.99 117.5 Credit Card Processing Fees 367,429.64 289,740.00 (77,689.64) (26.8) Toll Road Account Servicing 125,595.16 268,200.00 142,604.84 53.2 Other Insurance Expense 115,082.88 62,475.00 (52,607.88) (84.2) Toll Road Maintenance Supply Repairs 76,752.21 1,278,730.00 1,201,977.79 94.0 Patrol Services 234,312.03 274,890.00 40,577.97 14.8 Building Equipment Repairs and Maint 86,137.97 188,145.00 102,007.03 54.2 6C Transponders - 18,750.00 18,750.00 100.0 Other Services (5)(781,750.00) 253,600.00 1,035,350.00 408.3 Utilities 9,107.35 23,748.00 14,640.65 61.7 Office Expense - 22,617.00 22,617.00 100.0 Bad Debt Expense 24,867.39 - (24,867.39) N/A Miscellaneous (2)9,083.41 31,946.00 22,862.59 71.6 Leases 88,485.28 123,702.00 35,216.72 28.5 Total operating expenses 1,044,469.99 6,246,005.00 5,201,535.01 83.3 Depreciation and Amortization (3)809,070.27 - (809,070.27) N/A Operating income (loss)14,257,497.56 4,650,373.00 9,607,124.56 206.6 Nonoperating revenues (expenses): Reimbursement from Other Agencies 65,505.92 - 65,505.92 N/A Interest Income 787,114.75 430,059.00 357,055.75 83.0 Interest Expense (1,017,862.43) (2,022,413.00) 1,004,550.57 49.7 Other 566.20 - 566.20 N/A Total nonoperating revenues (expenses)(164,675.56) (1,592,354.00) 1,427,678.44 89.7 Transfers In - - - N/A Transfers Out (4)(534,729.49) (773,161.00) 238,431.51 30.8 Net income (loss) 13,558,092.51$ 2,284,858.00$ 11,273,234.51$ 493.4 ¹Actual amounts are accounted for on the accrual basis of accounting in an enterprise fund. Budget amounts are accounted for on a modified accrual basis of accounting. ²Miscellaneous expenses include: Bond Insurance Costs, Bank Service Charge, Transponder Materials. ³Depreciation and amortization are not budgeted items. 4Transfers Out: For M2 Project I and Project J expense reimbursements. 5 Litigation settlement was accrued, the negative will be offset once the litigation payment is issued. YTD Variance 274 11 OPERATIONS OVERVIEW RCTC TRAFFIC AND REVENUE STATISTICS FOR RCTC Total traffic volume on the 91 Express Lanes for September 2021 was 1,428,960. This represents a daily average of 47,632 vehicles. This is a 44.4 percent increase in total traffic volume from the same period last year, which totaled 989,722 and was the seventh month of the COVID-19 stay-at-home order. Potential toll revenue for September was $5,249,910, which represents an increase of 50.6 percent from the prior year’s total of $3,486,103. Carpool percentage for September was 20.3 percent as compared to the previous year’s rate of 20.4 percent. As compared to September 2019, traffic volume increased by 9.9 percent and revenue decreased by 2.1 percent. Month-to-date traffic and revenue data is summarized in the table below. The following trip and revenue statistics tables represent all trips taken on the Riverside County Transportation Commission (RCTC) 91 Express Lanes and associated potential revenue for the month of September 2021. Current Month-to-Date as of September 30, 2021 Trips SEP-21 MTD Actual Stantec MTD Projected # Variance % Variance SEP-20 MTD Actual Yr-to-Yr % Variance SEP-19 MTD Actual Yr 21-to-Yr 19 % Variance Full Toll Lanes 1,138,339 935,114 203,225 21.7% 787,711 44.5% 984,484 15.6% 3+ Lanes 290,621 317,957 (27,336) (8.6%)202,011 43.9% 315,806 (8.0%) Total Gross Trips 1,428,960 1,253,071 175,889 14.0% 989,722 44.4% 1,300,290 9.9% Revenue Full Toll Lanes $5,209,051 $4,015,114 $1,193,937 29.7% $3,450,193 51.0% $5,326,713 (2.2%) 3+ Lanes $40,859 $0 $40,859 $35,910 13.8% $34,653 17.9% Total Gross Revenue $5,249,910 $4,015,114 $1,234,796 30.8% $3,486,103 50.6% $5,361,366 (2.1%) Average Revenue per Trip Average Full Toll Lanes $4.58 $4.29 $0.29 6.8% $4.38 4.6% $5.41 (15.3%) Average 3+ Lanes $0.14 $0.00 $0.14 $0.18 (22.2%)$0.11 27.3% Average Gross Revenue $3.67 $3.20 $0.47 14.7% $3.52 4.3% $4.12 (10.9%) 275 12 The 2021 fiscal year-to-date traffic volume increased by 50.9 percent and potential toll revenue increased by 56 percent, when compared with the same period last year. Year-to-date average revenue per-trip is $3.55. Fiscal year-to-date traffic and revenue data are summarized in the table below. The following trip and revenue statistics tables represent all trips taken on the RCTC 91 Express Lanes and associated potential revenue for the months of July 2021 through September 2021. FY 2020-21 Year-to-Date as of September 30, 2021 Trips FY 2021-22 YTD Actual Stantec YTD Projected # Variance % Variance FY 2020-21 YTD Actual Yr-to-Yr % Variance Full Toll Lanes 3,443,802 2,846,700 597,102 21.0% 2,278,234 51.2% 3+ Lanes 917,225 1,002,886 -85,661 (8.5%)610,998 50.1% Total Gross Trips 4,361,027 3,849,586 511,441 13.3% 2,889,232 50.9% Revenue Full Toll Lanes $15,340,215 $12,215,300 $3,124,915 25.6% $9,812,086 56.3% 3+ Lanes $127,960 $0 $127,960 $106,007 20.7% Total Gross Revenue $15,468,175 $12,215,300 $3,252,875 26.6% $9,918,092 56.0% Average Revenue per Trip Average Full Toll Lanes $4.45 $4.29 $0.16 3.7% $4.31 3.2% Average 3+ Lanes $0.14 $0.00 $0.14 $0.17 (17.6%) Average Gross Revenue $3.55 $3.17 $0.38 12.0% $3.43 3.5% 276 13 RCTC Traffic and Revenue Summary The chart below reflects the total trips broken down between full toll lanes and HOV3+ lanes for FY 2021-22 on a monthly basis. The chart below reflects the gross potential revenue breakdown between full toll lanes and HOV3+ lanes for FY 2021-22 on a monthly basis. 277 14 RCTC PEAK-HOUR VOLUMES In September, there were no toll rates adjusted. RCTC evaluates traffic volumes for peak period hours and adjusts rates according to the toll rate policy. RCTC EASTBOUND PEAK-HOUR VOLUMES Eastbound PM Peak - County Line to McKinley  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $9.15 199 1082 1,281 E $11.20 206 1,027 1,233 E $26.80 306 1,074 1,380 F 1500 - 1600 $14.25 227 962 1,189 D $17.30 210 816 1,026 D $26.50 349 1,005 1,354 F 1600 - 1700 $7.05 191 1013 1,204 E $9.15 174 970 1,144 D $16.30 302 998 1,300 E 1700 - 1800 $5.45 169 953 1,122 D $5.45 193 974 1,167 D $8.10 318 932 1,250 E 1800 - 1900 $5.45 220 832 1,052 D $5.45 232 996 1,228 E $5.45 265 772 1,037 D 1900 - 2000 $2.30 245 747 992 C $4.25 239 895 1,134 D $4.25 264 746 1,010 D  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $2.30 181 415 596 B $5.45 172 1,012 1,184 D $9.15 186 1,016 1,202 E $11.20 184 1,184 1,368 F $26.80 217 964 1,181 D 1500 - 1600 $2.30 191 354 545 B $11.20 209 888 1,097 D $14.25 187 945 1,132 D $17.30 220 919 1,139 D $26.50 237 910 1,147 D 1600 - 1700 $2.30 191 326 517 B $7.05 181 915 1,096 D $7.05 163 970 1,133 D $9.15 162 850 1,012 D $16.30 210 878 1,088 D 1700 - 1800 $2.30 196 302 498 B $5.45 171 866 1,037 D $5.45 136 981 1,117 D $5.45 176 1,003 1,179 D $8.10 217 1,006 1,223 E 1800 - 1900 $2.30 241 312 553 B $5.45 235 930 1,165 D $5.45 202 990 1,192 D $5.45 233 1,023 1,256 E $5.45 234 956 1,190 D 1900 - 2000 $2.30 246 357 603 B $2.30 192 570 762 B $2.30 203 800 1,003 D $4.25 163 734 897 C $4.25 232 813 1,045 D  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $5.45 164 964 1,128 D $5.45 168 995 1,163 D $9.15 207 1,055 1,262 E $11.20 180 1,129 1,309 F $26.80 230 1,076 1,306 F 1500 - 1600 $9.15 214 948 1,162 D $11.20 204 916 1,120 D $14.25 156 804 960 C $17.30 215 943 1,158 D $26.50 252 969 1,221 E 1600 - 1700 $7.05 218 896 1,114 D $7.05 241 1,223 1,464 F $7.05 195 952 1,147 D $9.15 162 954 1,116 D $16.30 241 953 1,194 D 1700 - 1800 $5.45 190 881 1,071 D $5.45 154 923 1,077 D $5.45 178 929 1,107 D $5.45 171 922 1,093 D $8.10 214 1,010 1,224 E 1800 - 1900 $4.25 214 843 1,057 D $5.45 203 930 1,133 D $5.45 211 968 1,179 D $5.45 204 1,008 1,212 E $5.45 278 1,013 1,291 E 1900 - 2000 $2.30 163 505 668 B $2.30 198 762 960 C $2.30 218 881 1,099 D $4.25 187 908 1,095 D $4.25 266 887 1,153 D  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $5.45 172 1,034 1,206 E $5.45 157 1,023 1,180 D $9.15 179 1,092 1,271 E $11.20 177 1,020 1,197 D $26.80 211 1,062 1,273 E 1500 - 1600 $9.15 221 929 1,150 D $11.20 208 924 1,132 D $14.25 214 961 1,175 D $17.30 215 899 1,114 D $26.50 226 960 1,186 D 1600 - 1700 $7.05 171 909 1,080 D $7.05 183 841 1,024 D $7.05 181 902 1,083 D $9.15 187 948 1,135 D $16.30 250 929 1,179 D 1700 - 1800 $5.45 180 896 1,076 D $5.45 169 923 1,092 D $5.45 170 956 1,126 D $5.45 192 922 1,114 D $8.10 239 990 1,229 E 1800 - 1900 $4.25 200 891 1,091 D $5.45 191 949 1,140 D $5.45 221 896 1,117 D $5.45 250 919 1,169 D $5.45 284 991 1,275 E 1900 - 2000 $2.30 167 608 775 B $2.30 207 830 1,037 D $2.30 251 855 1,106 D $4.25 240 886 1,126 D $4.25 289 796 1,085 D  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $5.45 165 998 1,163 D $5.45 175 1,109 1,284 E $9.15 206 1,079 1,285 E $11.20 213 1,139 1,352 F 1500 - 1600 $9.15 179 950 1,129 D $11.20 220 915 1,135 D $14.25 213 907 1,120 D $17.30 245 994 1,239 E 1600 - 1700 $7.05 164 944 1,108 D $7.05 175 933 1,108 D $7.05 186 896 1,082 D $9.15 176 995 1,171 D 1700 - 1800 $5.45 157 971 1,128 D $5.45 156 894 1,050 D $5.45 191 937 1,128 D $5.45 171 1,040 1,211 E 1800 - 1900 $4.25 198 800 998 C $5.45 221 913 1,134 D $5.45 229 944 1,173 D $5.45 215 979 1,194 D 1900 - 2000 $2.30 180 539 719 B $2.30 198 746 944 C $2.30 211 751 962 C $4.25 184 846 1,030 D 09/09/21 Friday 09/10/21 Thursday 09/16/21 Friday 09/17/21 Thursday Monday 09/06/21 Tuesday 09/07/21 Wednesday 09/08/21 Wednesday 09/01/21 Thursday 09/02/21 Friday 09/03/21Monday08/30/21 Tuesday 08/31/21 Thursday Wednesday 09/15/21Monday09/13/21 Tuesday 09/14/21 Monday 09/20/21 Tuesday 09/21/21 Wednesday 09/22/21 Thursday 09/23/21 Friday 09/24/21 09/30/21 Friday 10/01/2109/29/21Monday09/27/21 Tuesday 09/28/21 Wednesday 278 15 Eastbound PM Peak - County Line to 15 SB Ontario  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $5.45 96 713 809 C $5.45 109 751 860 C $5.45 145 646 791 B 1500 - 1600 $5.45 118 710 828 C $5.45 100 656 756 B $5.45 148 589 737 B 1600 - 1700 $5.45 112 671 783 B $5.45 88 619 707 B $3.00 133 571 704 B 1700 - 1800 $5.45 94 583 677 B $5.45 90 603 693 B $3.00 101 576 677 B 1800 - 1900 $3.00 111 620 731 B $3.00 133 708 841 C $3.00 140 499 639 B 1900 - 2000 $3.00 129 506 635 B $3.00 149 616 765 B $3.00 187 516 703 B  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $2.00 112 241 353 A $5.45 103 713 816 C $5.45 113 701 814 C $5.45 114 769 883 C $5.45 105 710 815 C 1500 - 1600 $2.00 117 237 354 A $5.45 108 705 813 C $5.45 103 682 785 B $5.45 125 708 833 C $5.45 113 636 749 B 1600 - 1700 $2.00 116 228 344 A $5.45 90 660 750 B $5.45 92 624 716 B $5.45 87 579 666 B $3.00 121 650 771 B 1700 - 1800 $2.00 116 167 283 A $3.00 87 639 726 B $5.45 85 652 737 B $5.45 87 675 762 B $3.00 91 582 673 B 1800 - 1900 $2.00 146 189 335 A $3.00 123 587 710 B $3.00 113 681 794 B $3.00 119 666 785 B $3.00 136 578 714 B 1900 - 2000 $2.00 140 211 351 A $3.00 95 470 565 B $3.00 122 612 734 B $3.00 90 578 668 B $3.00 139 549 688 B  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $5.45 103 707 810 C $5.45 110 744 854 C $5.45 99 748 847 C $5.45 116 765 881 C $5.45 125 689 814 C 1500 - 1600 $5.45 123 629 752 B $5.45 138 691 829 C $5.45 89 577 666 B $5.45 129 655 784 B $5.45 144 594 738 B 1600 - 1700 $3.00 98 668 766 B $5.45 35 208 243 A $5.45 113 712 825 C $5.45 104 624 728 B $3.00 127 605 732 B 1700 - 1800 $3.00 99 634 733 B $3.00 72 644 716 B $5.45 115 649 764 B $5.45 81 607 688 B $3.00 130 608 738 B 1800 - 1900 $3.00 115 595 710 B $3.00 121 708 829 C $3.00 127 739 866 C $3.00 119 683 802 C $3.00 146 625 771 B 1900 - 2000 $2.00 99 367 466 B $3.00 150 642 792 B $3.00 155 637 792 B $3.00 162 731 893 C $3.00 178 577 755 B  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $5.45 122 715 837 C $5.45 92 738 830 C $5.45 111 780 891 C $5.45 115 759 874 C $5.45 126 752 878 C 1500 - 1600 $5.45 120 717 837 C $5.45 119 710 829 C $5.45 106 700 806 C $5.45 113 647 760 B $5.45 126 612 738 B 1600 - 1700 $3.00 92 621 713 B $5.45 93 618 711 B $5.45 87 644 731 B $5.45 99 642 741 B $3.00 123 609 732 B 1700 - 1800 $3.00 87 596 683 B $3.00 78 685 763 B $5.45 84 621 705 B $5.45 96 578 674 B $3.00 120 621 741 B 1800 - 1900 $3.00 120 624 744 B $3.00 120 646 766 B $3.00 127 671 798 B $3.00 145 672 817 C $3.00 134 583 717 B 1900 - 2000 $2.00 127 457 584 B $3.00 123 640 763 B $3.00 160 627 787 B $3.00 168 609 777 B $3.00 166 564 730 B  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $5.45 97 675 772 B $5.45 108 774 882 C $5.45 133 801 934 C $5.45 141 771 912 C 1500 - 1600 $5.45 111 734 845 C $5.45 118 699 817 C $5.45 121 709 830 C $5.45 112 762 874 C 1600 - 1700 $3.00 110 676 786 B $5.45 92 658 750 B $5.45 90 645 735 B $5.45 77 672 749 B 1700 - 1800 $3.00 92 640 732 B $3.00 103 639 742 B $5.45 106 594 700 B $5.45 91 673 764 B 1800 - 1900 $3.00 107 613 720 B $3.00 136 704 840 C $3.00 151 676 827 C $3.00 114 696 810 C 1900 - 2000 $2.00 110 406 516 B $3.00 148 552 700 B $3.00 154 516 670 B $3.00 151 599 750 B 09/30/21 Friday 10/01/21Monday 09/27/21 Tuesday 09/28/21 Wednesday 09/29/21 Thursday Thursday 09/02/21 Friday 09/03/21Monday08/30/21 Tuesday 08/31/21 Wednesday 09/01/21 Monday 09/13/21 Tuesday 09/14/21 Wednesday 09/15/21 Wednesday 09/08/21 Thursday 09/09/21 Friday 09/10/21Monday09/06/21 Tuesday 09/07/21 Monday 09/20/21 Tuesday 09/21/21 Thursday 09/16/21 Friday 09/17/21 Wednesday 09/22/21 Thursday 09/23/21 Friday 09/24/21 279 16 RCTC WESTBOUND PEAK-HOUR VOLUMES Westbound AM Peak - McKinley to County Line  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $4.25 207 435 642 B $4.25 206 447 653 B $2.30 156 420 576 B 0500 - 0600 $11.20 382 1146 1,528 F $10.15 362 1,094 1,456 F $7.05 250 1,040 1,290 E 0600 - 0700 $16.95 293 1164 1,457 F $15.95 271 1,112 1,383 F $9.10 262 1,112 1,374 F 0700 - 0800 $12.95 327 1413 1,740 F $11.95 345 1,337 1,682 F $8.05 285 1,278 1,563 F 0800 - 0900 $9.05 198 1569 1,767 F $8.05 197 1,474 1,671 F $4.25 145 1,095 1,240 E 0900 - 1000 $5.45 125 1196 1,321 E $5.45 143 1,178 1,321 E $4.25 134 774 908 C  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $1.60 13 27 40 A $4.25 181 465 646 B $4.25 184 435 619 B $4.25 184 454 638 B $2.30 169 454 623 B 0500 - 0600 $1.60 31 52 83 A $11.20 334 1,190 1,524 F $11.20 325 1,158 1,483 F $10.15 312 1,249 1,561 F $7.05 284 1,017 1,301 E 0600 - 0700 $1.60 31 101 132 A $16.95 287 1,149 1,436 F $16.95 263 1,097 1,360 F $15.95 251 1,181 1,432 F $9.10 280 1,202 1,482 F 0700 - 0800 $1.60 80 171 251 A $12.95 311 1,420 1,731 F $12.95 325 1,428 1,753 F $11.95 302 1,410 1,712 F $8.05 306 1,381 1,687 F 0800 - 0900 $1.60 166 306 472 B $9.05 205 1,488 1,693 F $9.05 176 1,457 1,633 F $8.05 184 1,474 1,658 F $4.25 165 1,349 1,514 F 0900 - 1000 $2.30 278 512 790 B $5.45 179 1,495 1,674 F $5.45 193 1,436 1,629 F $5.45 153 1,286 1,439 F $4.25 145 996 1,141 D  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $4.25 186 477 663 B $4.25 193 514 707 B $4.25 208 571 779 B $4.25 187 515 702 B $2.30 148 448 596 B 0500 - 0600 $11.20 349 1,122 1,471 F $11.20 324 1,066 1,390 F $11.20 303 1,227 1,530 F $10.15 332 1,192 1,524 F $7.05 289 1,116 1,405 F 0600 - 0700 $15.95 290 1,117 1,407 F $16.95 292 1,064 1,356 F $16.95 254 1,215 1,469 F $15.95 301 1,064 1,365 F $9.10 288 1,087 1,375 F 0700 - 0800 $12.95 306 1,330 1,636 F $12.95 350 1,347 1,697 F $12.95 304 1,327 1,631 F $11.95 380 1,385 1,765 F $8.05 345 1,375 1,720 F 0800 - 0900 $8.05 195 1,404 1,599 F $9.05 203 1,382 1,585 F $9.05 227 1,519 1,746 F $8.05 207 1,458 1,665 F $4.25 166 1,219 1,385 F 0900 - 1000 $5.45 130 1,114 1,244 E $5.45 170 1,465 1,635 F $5.45 173 1,130 1,303 E $5.45 129 1,071 1,200 D $4.25 142 834 976 C  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $4.25 216 454 670 B $4.25 239 608 847 C $4.25 205 524 729 B $4.25 191 510 701 B $2.30 143 476 619 B 0500 - 0600 $11.20 342 1,202 1,544 F $11.20 371 1,167 1,538 F $11.20 339 1,212 1,551 F $10.15 356 1,150 1,506 F $7.05 322 1,174 1,496 F 0600 - 0700 $15.95 287 1,192 1,479 F $16.95 246 957 1,203 E $16.95 316 1,132 1,448 F $15.95 335 1,100 1,435 F $9.10 270 1,226 1,496 F 0700 - 0800 $12.95 330 1,400 1,730 F $12.95 408 1,297 1,705 F $12.95 296 1,394 1,690 F $11.95 329 1,309 1,638 F $8.05 242 1,300 1,542 F 0800 - 0900 $8.05 221 1,440 1,661 F $9.05 222 1,508 1,730 F $9.05 163 1,504 1,667 F $8.05 207 1,464 1,671 F $4.25 153 1,255 1,408 F 0900 - 1000 $5.45 143 1,043 1,186 D $5.45 140 1,391 1,531 F $5.45 165 1,271 1,436 F $5.45 136 1,000 1,136 D $4.25 148 882 1,030 D  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $4.25 176 440 616 B $4.25 216 465 681 B $4.25 200 495 695 B $4.25 182 482 664 B 0500 - 0600 $11.20 265 997 1,262 E $11.20 363 1,223 1,586 F $11.20 323 1,158 1,481 F $10.15 342 1,178 1,520 F 0600 - 0700 $15.95 291 1,102 1,393 F $16.95 327 1,142 1,469 F $16.95 337 1,143 1,480 F $15.95 277 1,175 1,452 F 0700 - 0800 $12.95 290 1,407 1,697 F $12.95 291 1,304 1,595 F $12.95 333 1,361 1,694 F $11.95 317 1,318 1,635 F 0800 - 0900 $8.05 187 1,497 1,684 F $9.05 130 1,499 1,629 F $9.05 197 1,492 1,689 F $8.05 150 1,422 1,572 F 0900 - 1000 $5.45 122 1,004 1,126 D $5.45 134 1,173 1,307 E $5.45 134 1,180 1,314 E $5.45 163 1,271 1,434 F 09/10/21Thursday 09/23/21 Friday 09/24/21 Monday 09/06/21 Tuesday 09/07/21 Wednesday 09/08/21 Wednesday 09/01/21 Thursday 09/02/21 Friday 09/03/21Monday08/30/21 Tuesday 08/31/21 09/09/21 Friday Monday 09/20/21 Tuesday 09/21/21 Wednesday 09/22/21 Wednesday 09/15/21 Thursday 09/16/21 Friday 09/17/21Monday09/13/21 Tuesday 09/14/21 Thursday 09/30/21 Friday 10/01/21ThursdayMonday09/27/21 Tuesday 09/28/21 Wednesday 09/29/21 280 17 Westbound AM Peak - I-15 North to County Line  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $3.00 141 474 615 B $3.00 135 441 576 B $2.00 94 383 477 B 0500 - 0600 $7.00 225 931 1,156 D $7.00 229 915 1,144 D $5.45 128 852 980 C 0600 - 0700 $9.00 222 1265 1,487 F $8.00 234 1,296 1,530 F $5.45 185 1,032 1,217 E 0700 - 0800 $9.00 213 1304 1,517 F $7.00 211 1,238 1,449 F $5.45 156 1,003 1,159 D 0800 - 0900 $6.45 93 1150 1,243 E $5.45 121 1,213 1,334 E $3.00 88 857 945 C 0900 - 1000 $3.00 101 900 1,001 D $3.00 84 885 969 C $3.00 97 633 730 B  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $2.00 35 35 70 A $3.00 116 540 656 B $3.00 123 481 604 B $3.00 109 469 578 B $2.00 104 442 546 B 0500 - 0600 $2.00 31 62 93 A $7.00 174 992 1,166 D $7.00 171 979 1,150 D $7.00 169 1,050 1,219 E $5.45 175 902 1,077 D 0600 - 0700 $2.00 30 95 125 A $9.00 231 1,282 1,513 F $9.00 221 1,378 1,599 F $8.00 200 1,355 1,555 F $5.45 184 1,184 1,368 E 0700 - 0800 $2.00 37 134 171 A $9.00 212 1,360 1,572 F $9.00 206 1,351 1,557 F $7.00 196 1,344 1,540 F $5.45 185 1,150 1,335 E 0800 - 0900 $2.00 69 163 232 A $6.45 112 1,175 1,287 E $6.45 119 1,221 1,340 E $5.45 122 1,156 1,278 E $3.00 94 1,002 1,096 D 0900 - 1000 $2.00 138 304 442 B $3.00 119 992 1,111 D $3.00 130 1,067 1,197 D $3.00 101 894 995 C $3.00 81 744 825 C  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $3.00 143 480 623 B $3.00 128 480 608 B $3.00 111 509 620 B $3.00 107 461 568 B $2.00 98 427 525 B 0500 - 0600 $7.00 222 1,009 1,231 E $7.00 185 1,040 1,225 E $7.00 191 1,029 1,220 E $7.00 201 1,050 1,251 E $5.45 159 950 1,109 D 0600 - 0700 $8.00 250 1,260 1,510 F $9.00 262 1,308 1,570 F $9.00 193 1,339 1,532 F $8.00 261 1,293 1,554 F $5.45 234 1,156 1,390 E 0700 - 0800 $8.00 209 1,241 1,450 F $9.00 209 1,331 1,540 F $9.00 217 1,346 1,563 F $7.00 232 1,290 1,522 F $5.45 206 1,124 1,330 E 0800 - 0900 $5.45 127 1,169 1,296 E $6.45 154 1,343 1,497 F $6.45 130 1,169 1,299 E $5.45 126 1,177 1,303 E $3.00 119 879 998 C 0900 - 1000 $3.00 90 860 950 C $3.00 93 1,076 1,169 D $3.00 112 872 984 C $3.00 91 803 894 C $3.00 124 720 844 C  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $3.00 131 481 612 B $3.00 137 498 635 B $3.00 136 493 629 B $3.00 120 508 628 B $2.00 82 451 533 B 0500 - 0600 $7.00 214 954 1,168 D $7.00 220 1,078 1,298 E $7.00 188 1,131 1,319 E $7.00 222 1,133 1,355 E $5.45 166 986 1,152 D 0600 - 0700 $8.00 213 1,292 1,505 F $9.00 243 1,121 1,364 E $9.00 251 1,384 1,635 F $8.00 256 1,320 1,576 F $5.45 201 1,147 1,348 E 0700 - 0800 $8.00 215 1,322 1,537 F $9.00 229 1,175 1,404 F $9.00 199 1,325 1,524 F $7.00 188 1,269 1,457 F $5.45 137 1,084 1,221 E 0800 - 0900 $5.45 138 1,139 1,277 E $6.45 161 1,455 1,616 F $6.45 92 1,107 1,199 D $5.45 125 1,176 1,301 E $3.00 105 951 1,056 D 0900 - 1000 $3.00 114 832 946 C $3.00 97 942 1,039 D $3.00 113 1,021 1,134 D $3.00 102 839 941 C $3.00 110 722 832 C  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $3.00 145 495 640 B $3.00 152 474 626 B $3.00 142 475 617 B $3.00 113 499 612 B 0500 - 0600 $7.00 214 1,069 1,283 E $7.00 204 1,096 1,300 E $7.00 185 1,152 1,337 E $7.00 181 1,096 1,277 E 0600 - 0700 $8.00 235 1,288 1,523 F $9.00 281 1,378 1,659 F $9.00 266 1,289 1,555 F $8.00 265 1,347 1,612 F 0700 - 0800 $8.00 177 1,265 1,442 F $9.00 196 1,303 1,499 F $9.00 207 1,317 1,524 F $7.00 191 1,211 1,402 F 0800 - 0900 $5.45 131 1,154 1,285 E $6.45 101 1,258 1,359 E $6.45 106 1,137 1,243 E $5.45 110 1,215 1,325 E 0900 - 1000 $3.00 102 797 899 C $3.00 107 868 975 C $3.00 94 937 1,031 D $3.00 112 1,006 1,118 D Monday 09/27/21 Tuesday 09/28/21 Wednesday 09/29/21 Thursday 09/30/21 Friday 10/01/21 Thursday 09/02/21 Friday 09/03/21Monday08/30/21 Tuesday 08/31/21 Wednesday 09/01/21 Monday 09/13/21 Tuesday 09/14/21 Wednesday 09/15/21 Wednesday 09/08/21 Thursday 09/09/21 Friday 09/10/21Monday09/06/21 Tuesday 09/07/21 Thursday 09/16/21 Friday 09/17/21 Thursday 09/23/21 Friday 09/24/21Monday09/20/21 Tuesday 09/21/21 Wednesday 09/22/21 281 18 RCTC OPERATIONAL HIGHLIGHTS On-Road Operations RCTC Freeway Service Patrol responded to 127 calls during the month of September. Of those calls, 88 were to assist disabled vehicles, 13 calls to remove debris, and 26 were in response to accidents in the Express Lanes. 91 Express Lanes BOS Development Update In February, Cofiroute USA, LLC (CUSA) notified OCTA and the Riverside County Transportation Commission (RCTC) of a delay to the implementation of the new BOS for the 91 Express Lanes for both Orange and Riverside counties as a result of the COVID-19 pandemic. CUSA is the current operator of the 91 Express Lanes for both OCTA and RCTC and is the firm selected for the design, development, and implementation of the new BOS, as well as the customer service center operation. To address the potential delay of transitioning to the new operating agreement, in October 2019, an amendment to the existing operating agreement was executed which allowed for six one-month extension periods. In September 2021, OCTA and RCTC (Agencies) provided notice to CUSA that the Agencies will be exercising the fourth of the six one-month extension period, which will commence October 1, 2021 through October 31, 2021. Agencies' staff have been continuing to work with CUSA to meet the amended go-live date of September 29, 2021. Subsequently, the Agencies were informed that the go-live date will be delayed. The Agencies have been working with CUSA to determine when the revised go-live date is expected and will then ask CUSA to provide an approved implementation schedule for go-live. The Agencies intend to exercise the one-month options until the transition to the new contract occurs. 282 19 FINANCIAL HIGHLIGHTS RCTC RCTC 91 Express Lanes Operating Statement 9/30/2021 Description Budget Dollar $ Percent (%) Operating revenues: Toll Revenue 14,094,428.84$ 8,958,750.00$ 5,135,678.84$ 57.3 Fee Revenue 1,751,276.25 1,429,225.00 322,051.25 22.5 Total operating revenues 15,845,705.09 10,387,975.00 5,457,730.09 52.5 Operating expenses: Salaries and Benefits 111,025.00 213,200.00 102,175.00 47.9 Legal Services 9,028.62 51,250.00 42,221.38 82.4 Advisory Services (284.34) 2 1,250.00 1,534.34 122.7 Audit and Accounting Fees - 9,000.00 9,000.00 100.0 Service Fees - 4,675.00 4,675.00 100.0 Other Professional Services 78,598.20 314,875.00 236,276.80 75.0 Lease Expense 65,505.92 79,775.00 14,269.08 17.9 Operations 393,742.92 904,450.00 510,707.08 56.5 Utilities 3,294.90 16,275.00 12,980.10 79.8 Supplies and Materials 156.19 8,375.00 8,218.81 98.1 Membership and Subscription Fees - 7,500.00 7,500.00 100.0 Office Equipment & Furniture (Non-Capital)- 20,000.00 20,000.00 100.0 Maintenance/Repairs 34,489.30 77,150.00 42,660.70 55.3 Training Seminars and Conferences 1,127.60 400.00 (727.60) (181.9) Transportation Expenses - 625.00 625.00 100.0 Lodging - 325.00 325.00 100.0 Meals - 750.00 750.00 100.0 Other Staff Expenses - 75.00 75.00 100.0 Advertising - 53,750.00 53,750.00 100.0 Program Management 5,876.85 20,775.00 14,898.15 71.7 Program Operations 125,948.29 2,093,550.00 1,967,601.71 94.0 Litigation Settlement 687.06 - (687.06) N/A Furniture & Equipment - 18,750.00 18,750.00 100.0 Improvements 24,997.50 13,750.00 (11,247.50) (81.8) Bad Debt Expense 25,018.55 - (25,018.55) N/A Total operating expenses 879,212.56 3,910,525.00 3,031,312.44 77.5 Operating income (loss)14,966,492.53 6,477,450.00 8,489,042.53 131.1 Nonoperating revenues (expenses): Interest Revenue 179,802.48 37,375.00 142,427.48 (381.1) Other Miscellaneous Revenue 9.44 - 9.44 N/A Principal Expense - - - N/A Interest Expense (5,858,418.00) (2,260,225.00) (3,598,193.00) 159.2 Total nonoperating revenues (expenses)(5,678,606.08) (2,222,850.00) (3,455,756.08) (155.5) Transfers In - - - N/A Transfers Out - (268,675.00) 268,675.00 (100.0) Net income (loss) 9,287,886.45$ 3,985,925.00$ 5,301,961.45$ 133.0 1 Unaudited 2 Negatives are the result of FY21 accruals YTD as of : YTD Variance Actual1 283 20 JOINT AGENCY TRIP AND REVENUE STATISTICS JOINT AGENCY TRAFFIC STATISTICS MULTI AGENCY TRIP AND REVENUE STATISTICS MONTH ENDING September 30, 2021 MTD Transactions by Agency Transactions Using Both Segments % Using Both Segments Revenue Westbound OCTA 858,881 463,116 54%$2,444,659 RCTC 783,840 463,116 59%$2,996,097 I -15 335,276 263,717 79%$1,138,944 McKinley 448,564 199,399 44%$1,857,153 Eastbound OCTA 808,424 486,726 60%$2,802,707 RCTC 645,120 486,726 75%$2,253,813 I -15 248,156 195,281 79%$629,397 McKinley 396,964 291,445 73%$1,624,417 284 21 JOINT AGENCY PERFORMANCE MEASURES CUSA continues to experience staffing impacts related to employee attrition and employees out on leave, which impacted the Call Center performance. Due to these impacts, CUSA was out of compliance for average call wait time and call abandonment rate for the month of September. CUSA has taken several steps, such as increasing hourly pay rates, providing retention incentives, and engaging temporary staffing service providers, to mitigate the impacts to staffing that are impacting operations. CUSA cites the national staffing shortage and extended leave taken under the Coronavirus Aid, Relief, and Economic Security ACT as reasons for the staffing shortage to date. The Agencies are working closely with CUSA to restore the level of customer service. Sep-21 Performance CUSTOMER SERVICE Call Wait Time Monthly Not to exceed 2 minutes 8:58 Abandon Rate Monthly No more than 4.0% 12.5% Customer Satisfaction Monthly At least 75 outbound calls 75 VIOLATION PROCESSING Response Time Monthly Within 2 business days of receipt 1.4 CUSA Violation Collection Rate Quarterly 70% or more 60% CUSA Violation Collection Rate Annually 74% or more TRAFFIC OPERATIONS Initial & Secondary Reviews Monthly Equal to or less than 15 days 2.5 * Plate Misread Errors Monthly Equal to or less than 0.4% 0.04% ACCOUNTING Monthly No more than 3 0 Monthly No more than 3 0 INFORMATION TECHNOLOGY Back-office System Uptime Monthly 99% Availability 100% Network Uptime Monthly 99% Availability 100% CUSA = Cofiroute USA; CAS = OCTA Customer Assistance Specialists * Plate Misread Error performance is current after a 60-day hold-back period; therefore, percentage reported here is for two months prior to the month of this report. OCTA Exceptions RCTC Exceptions REPORTING REQUIREMENT Reporting P eriod PERFORMANCE STANDARD 285 22 JOINT AGENCY TRANSPONDER DISTRIBUTION Tags % of Total Tags % of Total Issued To New Accounts 0 #DIV/0!0 #DIV/0!0 #DIV/0! Additional Tags to Existing Accounts 0 #DIV/0!0 #DIV/0!0 #DIV/0! Replacement Transponders 0 #DIV/0!0 #DIV/0!0 #DIV/0! Total Issued 0 0 0 Returned Account Closures 2 0.3% 19 1.5% 9 0.8% Accounts Downsizing 786 99.5% 1,090 86.6% 1,158 95.1% Defective Transponders 2 0.3% 149 11.8% 50 4.1% Total Returned 790 1,258 1,218 FY 2021-22T21 TRANSPONDER DISTRIBUTION September-21 August-21 Average To-Date Tags % of Total Tags % of Total Issued To New Accounts 12,870 67.0% 18,848 98.5% 13,633 85.5% Additional Tags to Existing Accounts 6,296 32.8% 265 1.4% 2,299 14.4% Replacement Transponders 36 0.2% 31 0.2% 22 0.1% Total Issued 19,202 19,144 15,954 Returned Account Closures Accounts Downsizing Defective Transponders Total Returned 6C TRANSPONDER DISTRIBUTION September-21 August-21 FY 2021-22 Average To-Date 286 23 At the end of September 2021, the 91 Express Lanes had 157,794 active customer accounts and 613,948 transponders classified as assigned. Number of Accounts by FY As of September 30, 2021 Incoming Email Activity During September, the Anaheim Processing Center received 3,936 emails. 287 Orange County Transportation Authority Riverside County Transportation Commission Status Report October 2021 As of October 31, 2021 ATTACHMENT 4 288 2 Table of Contents Operations Overview OCTA ............................................................................................ 3 Traffic and Revenue Statistics for OCTA ......................................................................... 3 OCTA Traffic and Revenue Summary ............................................................................. 5 OCTA Eastbound Peak-Hour Volumes ........................................................................... 6 OCTA Westbound Peak-Hour Volumes .......................................................................... 7 OCTA Operational Highlights .......................................................................................... 8 Financial Highlights OCTA ............................................................................................ 10 Operations Overview RCTC .......................................................................................... 11 Traffic and Revenue Statistics for RCTC ....................................................................... 11 RCTC Traffic and Revenue Summary ........................................................................... 13 RCTC Peak-Hour Volumes ........................................................................................... 14 RCTC Eastbound Peak-Hour Volumes ......................................................................... 14 RCTC Westbound Peak-Hour Volumes ........................................................................ 16 RCTC Operational Highlights ........................................................................................ 18 Financial Highlights RCTC ............................................................................................ 19 Joint Agency Trip and Revenue Statistics ..................................................................... 20 Joint Agency Traffic Statistics ....................................................................................... 20 Joint Agency Performance Measures............................................................................ 21 Joint Agency Transponder Distribution.......................................................................... 21 Incoming Email Activity ................................................................................................. 22 289 3 OPERATIONS OVERVIEW OCTA TRAFFIC AND REVENUE STATISTICS FOR OCTA Total traffic volume on the 91 Express Lanes for October 2021 was 1,724,399. This represents a daily average of 55,626 vehicles. This is a 30 percent increase in total traffic volume from the same period last year, which totaled 1,326,289 and was the eighth month of the State of California’s stay-at-home orders due to the coronavirus (COVID-19) pandemic. Potential toll revenue for October was $5,324,471, which represents an increase of 23.2 percent from the prior year’s total of $4,322,649. Carpool percentage for October was 22.3 percent as compared to the previous year’s rate of 20.9 percent. As compared to October 2019, traffic volume increased by 12.9 percent and revenue increased by 11.2 percent. Month-to-date traffic and revenue data is summarized in the table below. The following trip and revenue statistics tables represent all trips taken on the Orange County Transportation Authority (OCTA) 91 Express Lanes and associated potential revenue for the month of October 2021. Current Month-to-Date (MTD) as of October 31, 2021 Trips Oct-21 MTD Actual Oct-20 MTD Actual Yr 21-to-Yr 20 % Variance Oct-19 MTD Actual Yr 21-to-Yr 19 % Variance Full Toll Lanes 1,339,489 1,048,523 27.8% 1,167,703 14.7% 3+ Lanes 384,910 277,766 38.6% 359,588 7.0% Total Gross Trips 1,724,399 1,326,289 30.0% 1,527,291 12.9% Revenue Full Toll Lanes $5,274,459 $4,269,601 23.5% $4,718,326 11.8% 3+ Lanes $50,011 $53,048 (5.7%)$70,758 (29.3%) Total Gross Revenue $5,324,471 $4,322,649 23.2% $4,789,084 11.2% Average Revenue per Trip Average Full Toll Lanes $3.94 $4.07 (3.2%)$4.04 (2.5%) Average 3+ Lanes $0.13 $0.19 (31.6%)$0.20 (35.0%) Average Gross Revenue $3.09 $3.26 (5.2%)$3.14 (1.6%) 290 4 The 2021 fiscal year-to-date traffic volume increased by 44.3 percent and potential toll revenue increased by 37.2 percent, when compared with the same period last year. Year-to-date average revenue per trip is $3.09. Fiscal year-to-date traffic and revenue data are summarized in the table below. The following trip and revenue statistics tables represent all trips taken on the OCTA 91 Express Lanes and associated potential revenue for the months of July 2021 through October 2021. Fiscal Year (FY) 2020-21 Year-to-Date (YTD) as of October 31, 2021 Trips FY 2021-22 YTD Actual FY 2020-21 YTD Actual Yr-to-Yr % Variance Full Toll Lanes 5,299,988 3,699,331 43.3% 3+ Lanes 1,542,588 1,043,790 47.8% Total Gross Trips 6,842,576 4,743,121 44.3% Revenue Full Toll Lanes $20,931,676 $15,190,317 37.8% 3+ Lanes $200,873 $210,582 (4.6%) Total Gross Revenue $21,132,549 $15,400,899 37.2% Average Revenue per Trip Average Full Toll Lanes $3.95 $4.11 (3.9%) Average 3+ Lanes $0.13 $0.20 (35.0%) Average Gross Revenue $3.09 $3.25 (4.9%) 291 5 OCTA Traffic and Revenue Summary The chart below reflects the total trips breakdown between full toll trips and high-occupancy vehicle (HOV3+) trips for FY 2021-22 on a monthly basis. The chart below reflects the gross potential revenue breakdown between full toll trips and HOV3+ trips for FY 2021-22 on a monthly basis. 292 6 OCTA EASTBOUND PEAK-HOUR VOLUMES Peak-hour traffic in the eastbound direction reached or exceeded 90 percent of defined capacity 13 times during the month of October 2021. As demonstrated on the next chart, westbound peak-hour traffic volumes top out at 85 percent of defined capacity.  PM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 1400 - 1500 $8.35 457 2,913 86% 1500 - 1600 $7.90 545 2,892 85% 1600 - 1700 $7.45 410 2,685 79% 1700 - 1800 $6.75 445 2,766 81% 1800 - 1900 $6.75 596 2,741 81% 1900 - 2000 $6.25 624 2,299 68%  PM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 1400 - 1500 $5.30 413 2,761 81% $5.30 360 2,667 78% $5.30 373 2,995 88% $7.70 428 2,953 87% $8.35 456 2,832 83% 1500 - 1600 $5.65 518 2,999 88% $4.75 497 3,014 89% $7.45 555 2,946 87%$7.45 538 3,254 96% $7.90 630 3,126 92% 1600 - 1700 $4.35 414 3,132 92%$4.50 388 2,997 88% $6.50 389 2,899 85% $7.00 396 3,012 89% $7.45 458 2,981 88% 1700 - 1800 $4.95 415 2,695 79% $4.90 355 2,517 74% $5.40 415 2,729 80% $6.70 460 2,878 85% $6.75 475 2,763 81% 1800 - 1900 $5.65 516 2,579 76% $4.05 516 2,748 81% $4.05 546 2,886 85% $4.50 572 2,927 86% $6.75 577 2,456 72% 1900 - 2000 $3.95 354 1,517 45% $3.95 564 2,526 74% $3.95 481 2,217 65% $5.75 466 2,011 59% $6.25 543 2,039 60%  PM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 1400 - 1500 $5.30 403 2,784 82% $5.30 392 2,680 79%$5.30 388 3,059 90%$7.70 415 2,953 87% $8.35 507 2,811 83% 1500 - 1600 $5.65 556 3,002 88% $4.75 518 3,035 89% $7.45 546 2,930 86% $7.45 486 2,952 87% $7.90 601 2,930 86% 1600 - 1700 $4.35 395 3,072 90%$4.50 382 2,941 87% $6.50 394 3,031 89% $7.00 375 2,761 81% $7.45 454 2,658 78% 1700 - 1800 $4.95 400 2,807 83% $4.90 353 2,547 75% $5.40 402 2,855 84% $6.70 374 2,742 81% $6.75 486 2,833 83% 1800 - 1900 $5.65 528 2,377 70% $4.05 543 2,878 85% $4.05 547 2,954 87% $4.50 560 2,908 86% $6.75 738 2,832 83% 1900 - 2000 $3.95 398 1,593 47% $3.95 557 2,414 71% $3.95 535 2,386 70% $5.75 589 2,537 75% $6.25 710 2,480 73%  PM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 1400 - 1500 $5.30 380 2,688 79% $5.30 397 2,683 79%$5.30 408 3,153 93%$7.70 383 2,925 86% $8.35 470 2,794 82% 1500 - 1600 $5.65 497 2,920 86%$4.75 488 3,053 90%$7.45 522 2,855 84%$7.45 536 3,118 92%$7.90 583 3,008 88% 1600 - 1700 $4.35 464 3,269 96% $4.50 381 3,252 96%$6.50 213 1,655 49% $7.00 393 2,801 82% $7.45 476 2,791 82% 1700 - 1800 $4.95 402 2,707 80% $4.90 327 2,410 71% $5.40 387 2,177 64% $6.70 393 2,745 81% $6.75 431 2,766 81% 1800 - 1900 $5.65 591 2,623 77% $4.05 562 2,846 84% $4.05 524 2,771 82% $4.50 590 2,839 84% $6.75 592 2,768 81% 1900 - 2000 $3.95 476 1,757 52% $3.95 567 2,549 75% $3.95 674 2,735 80% $5.75 560 2,514 74% $6.25 625 2,301 68%  PM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 1400 - 1500 $5.30 378 2,450 72% $5.30 341 2,563 75%$5.30 370 3,099 91%$7.70 366 2,918 86% $8.35 434 2,906 85% 1500 - 1600 $5.65 453 2,489 73% $4.75 479 3,012 89% $7.45 486 2,872 84%$7.45 515 3,049 90%$7.90 591 2,952 87% 1600 - 1700 $4.35 357 2,819 83%$4.50 409 3,318 98%$6.50 378 2,810 83% $7.00 360 2,879 85% $7.45 388 2,555 75% 1700 - 1800 $4.95 335 2,406 71% $4.90 331 2,443 72% $5.40 397 2,812 83% $6.70 453 2,968 87% $6.75 485 2,786 82% 1800 - 1900 $5.65 460 2,119 62% $4.05 562 2,824 83% $4.05 497 2,427 71% $4.50 587 2,883 85% $6.75 628 2,873 85% 1900 - 2000 $3.95 310 1,119 33% $3.95 589 2,438 72% $3.95 645 2,775 82% $5.75 552 2,512 74% $6.25 622 2,370 70% Thursday 09/30/21 Friday 10/01/21 Monday 10/04/21 Tuesday 10/05/21 Wednesday 10/06/21 Monday 09/27/21 Tuesday 09/28/21 Wednesday 09/29/21 Thursday 10/07/21 Friday 10/08/21 Monday 10/11/21 Tuesday 10/12/21 Wednesday 10/13/21 Thursday 10/14/21 Friday 10/15/21 Monday 10/18/21 Tuesday 10/19/21 Wednesday 10/20/21 Thursday 10/21/21 Friday 10/22/21 Monday 10/25/21 Tuesday 10/26/21 Wednesday 10/27/21 Thursday 10/28/21 Friday 10/29/21 293 7 OCTA WESTBOUND PEAK-HOUR VOLUMES  AM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 0400 - 0500 $3.15 382 1,250 37% 0500 - 0600 $4.85 672 2,566 75% 0600 - 0700 $5.10 549 2,583 76% 0700 - 0800 $5.65 444 2,338 69% 0800 - 0900 $5.10 344 2,306 68% 0900 - 1000 $4.20 326 2,189 64%  AM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 0400 - 0500 $3.15 466 1,509 44% $3.15 450 1,420 42% $3.15 453 1,477 43% $3.15 465 1,448 43% $3.15 348 1,204 35% 0500 - 0600 $5.10 705 2,732 80% $5.10 655 2,623 77% $5.10 739 2,765 81% $5.10 718 2,664 78% $4.85 567 2,347 69% 0600 - 0700 $5.30 583 2,698 79% $5.30 581 2,621 77% $5.30 601 2,676 79% $5.30 617 2,708 80% $5.10 518 2,559 75% 0700 - 0800 $5.80 499 2,585 76% $5.80 508 2,626 77% $5.80 507 2,591 76% $5.80 533 2,603 77% $5.65 402 2,176 64% 0800 - 0900 $5.30 277 2,495 73% $5.30 286 2,461 72% $5.30 275 2,454 72% $5.30 271 2,487 73% $5.10 261 2,094 62% 0900 - 1000 $4.20 265 2,169 64% $4.20 247 2,433 72% $4.20 294 2,518 74% $4.20 253 2,225 65% $4.20 244 1,878 55%  AM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 0400 - 0500 $3.15 434 1,379 41% $3.15 433 1,454 43% $3.15 487 1,872 55% $3.15 481 1,553 46% $3.15 379 1,273 37% 0500 - 0600 $5.10 639 2,608 77% $5.10 725 2,701 79% $5.10 753 2,874 85% $5.10 693 2,720 80% $4.85 633 2,469 73% 0600 - 0700 $5.30 534 2,606 77% $5.30 597 2,613 77% $5.30 605 2,703 80% $5.30 550 2,428 71% $5.10 604 2,596 76% 0700 - 0800 $5.80 463 2,511 74% $5.80 530 2,668 78% $5.80 510 2,669 79% $5.80 526 2,744 81% $5.65 520 2,385 70% 0800 - 0900 $5.30 269 2,222 65% $5.30 305 2,590 76% $5.30 263 2,406 71% $5.30 271 2,265 67% $5.10 306 2,238 66% 0900 - 1000 $4.20 346 2,294 67% $4.20 275 2,309 68% $4.20 261 2,331 69% $4.20 289 2,519 74% $4.20 399 2,256 66%  AM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 0400 - 0500 $3.15 467 1,520 45% $3.15 485 1,540 45% $3.15 492 1,507 44% $3.15 495 1,505 44% $3.15 401 1,267 37% 0500 - 0600 $5.10 683 2,720 80% $5.10 699 2,713 80% $5.10 732 2,787 82% $5.10 719 2,743 81% $4.85 612 2,616 77% 0600 - 0700 $5.30 610 2,670 79% $5.30 580 2,624 77% $5.30 629 2,667 78% $5.30 637 2,568 76% $5.10 548 2,542 75% 0700 - 0800 $5.80 486 2,542 75% $5.80 505 2,610 77% $5.80 515 2,779 82% $5.80 495 2,603 77% $5.65 462 2,389 70% 0800 - 0900 $5.30 313 2,499 74% $5.30 269 2,516 74% $5.30 294 2,410 71% $5.30 287 2,251 66% $5.10 263 2,104 62% 0900 - 1000 $4.20 348 2,237 66% $4.20 291 2,520 74% $4.20 293 2,368 70% $4.20 269 2,292 67% $4.20 257 1,920 56%  AM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 0400 - 0500 $3.15 405 1,346 40% $3.15 461 1,408 41% $3.15 453 1,418 42% $3.15 476 1,484 44% $3.15 391 1,301 38% 0500 - 0600 $5.10 620 2,541 75% $5.10 740 2,668 78% $5.10 710 2,725 80% $5.10 743 2,708 80% $4.85 656 2,524 74% 0600 - 0700 $5.30 579 2,379 70% $5.30 635 2,759 81% $5.30 633 2,737 81% $5.30 640 2,740 81% $5.10 613 2,501 74% 0700 - 0800 $5.80 405 2,127 63% $5.80 513 2,628 77% $5.80 533 2,678 79% $5.80 540 2,542 75% $5.65 462 2,219 65% 0800 - 0900 $5.30 211 1,736 51% $5.30 271 2,446 72% $5.30 294 2,408 71% $5.30 282 2,344 69% $5.10 277 2,004 59% 0900 - 1000 $4.20 230 1,555 46% $4.20 247 2,492 73% $4.20 308 2,418 71% $4.20 250 2,423 71% $4.20 228 1,719 51% Monday 10/25/21 Tuesday 10/26/21 Wednesday 10/27/21 Thursday 10/14/21 Friday 10/15/21 10/20/21 Thursday 10/28/21 Friday 10/29/21 Thursday 10/21/21 Friday 10/22/21 10/13/21 Monday 10/18/21 Tuesday 10/19/21 Wednesday Monday 10/11/21 Tuesday 10/12/21 Wednesday 10/06/21 Thursday 10/07/21 Friday 10/08/21Monday 10/04/21 Tuesday 10/05/21 Wednesday 09/29/21 Thursday 09/30/21 Friday 10/01/21Monday 09/27/21 Tuesday 09/28/21 Wednesday 294 8 OCTA OPERATIONAL HIGHLIGHTS 91 Express Lanes Back-Office System (BOS) Development Update In February, Cofiroute USA, LLC (CUSA) notified OCTA and the Riverside County Transportation Commission (RCTC) of a delay to the implementation of the new BOS for the 91 Express Lanes for both Orange and Riverside counties as a result of the COVID-19 pandemic. CUSA is the current operator of the 91 Express Lanes for both OCTA and RCTC and is the firm selected for the design, development, and implementation of the new BOS, as well as the customer service center operation. To address the potential delay of transitioning to the new operating agreement, in October 2019, an amendment to the existing operating agreement was executed which allowed for six one-month extension periods. In October 2021, OCTA and RCTC (Agencies) provided notice to CUSA that the Agencies will be exercising the fifth of the six one-month extension period, which will commence November 1, 2021 through November 30, 2021. Agencies' staff have been continuing to work with CUSA to meet the amended go-live date of September 29, 2021. Subsequently, the Agencies were informed that the go-live date will be delayed. The Agencies have been working with CUSA to determine when the revised go-live date is expected and will then ask CUSA to provide an approved implementation schedule for go-live. The Agencies intend to exercise the one-month options until the transition to the new contract occurs. 91 Express Lanes Toll Entrance Gantries Infrastructure Project Update OCTA entered into an agreement with the California Department of Transportation (Caltrans) to provide construction and construction management services for the 91 Express Lanes Toll Entrance Gantries Infrastructure Project. This project entails constructing new toll gantries infrastructure at the three entrances of the OCTA 91 Express Lanes. Caltrans advertised and awarded the project in March 2021 and May 2021, respectively. In June, the contract was executed and the project kickoff meeting was held in July. Pre-construction activities began in August and was followed with construction activities which commenced in September. The project is anticipated to be completed in December 2021. During the construction period, overnight closures and possibly, a few full weekend closures, will occur. Upon completion of the infrastructure project, Kapsch TrafficCom USA, Inc., the toll lanes system integrator for the 91 Express Lanes, will install new Electronic Toll and Traffic Management system equipment onto the new gantries. Roadway Operations and Maintenance Services Contract In December 2020, an agreement was executed with DeAngelo Brothers, LLC (DBI) for roadway operations and maintenance services for the 91 Express Lanes. DBI is 295 9 responsible for providing Safety Service Patrol (SSP), which will assist stranded motorists, support incident clearance, and remove debris that presents a safety issue. In addition, DBI coordinates, oversees, and provides routine maintenance and repair activities that are to be performed on the facility, such as landscaping, road lighting inspection and repairs, and the replacement of the channelizers. In addition, they coordinate with Caltrans for any routine and emergency maintenance to be performed on the 91 Express Lanes and any construction activities on the general-purpose lanes that impact the toll lanes. On October 22, 2021, staff was notified that DBI closed the company's operations, effective immediately. Staff is putting interim measures in place, such as utilizing Freeway Service Patrol to assist stranded motorists and support incident clearance. Staff is evaluating the next steps and will keep the Board apprised. 296 10 FINANCIAL HIGHLIGHTS OCTA 91 Express Lanes Operating Statement YTD as of : 10/31/2021 Description Actual (1)Budget (1)Dollar $ Percent (%) Operating revenues: Toll Revenue 19,438,927.35$ 13,937,298.00$ 5,501,629.35$ 39.5 Fee Revenue 2,250,948.41 869,277.00 1,381,671.41 158.9 Total operating revenues 21,689,875.76 14,806,575.00 6,883,300.76 46.5 Operating expenses: Contracted Services 1,365,203.08 1,278,656.00 (86,547.08) (6.8) Administrative Fee 901,316.00 1,040,584.00 139,268.00 13.4 Other Professional Services (50,855.63) 1,129,154.00 1,180,009.63 104.5 Credit Card Processing Fees 501,661.44 389,620.00 (112,041.44) (28.8) Toll Road Account Servicing 190,314.36 336,700.00 146,385.64 43.5 Other Insurance Expense 153,443.84 83,300.00 (70,143.84) (84.2) Toll Road Maintenance Supply Repairs 260,607.54 682,890.00 422,282.46 61.8 Patrol Services 292,788.61 366,520.00 73,731.39 20.1 Building Equipment Repairs and Maint 130,618.98 256,074.00 125,455.02 49.0 6C Transponders - 18,750.00 18,750.00 100.0 Other Services (5)(781,125.00) 254,800.00 1,035,925.00 406.6 Utilities 25,863.53 26,664.00 800.47 3.0 Office Expense - 28,031.00 28,031.00 100.0 Bad Debt Expense 36,510.06 - (36,510.06) N/A Miscellaneous (2)12,903.80 35,928.00 23,024.20 64.1 Leases 138,240.13 164,936.00 26,695.87 16.2 Total operating expenses 3,177,490.74 6,092,607.00 2,915,116.26 47.8 Depreciation and Amortization (3)1,078,760.38 - (1,078,760.38) N/A Operating income (loss)17,433,624.64 8,713,968.00 8,719,656.64 100.1 Nonoperating revenues (expenses): Reimbursement from Other Agencies 82,343.90 - 82,343.90 N/A Interest Income 1,036,448.79 573,412.00 463,036.79 80.8 Interest Expense (1,343,087.40) (2,022,413.00) 679,325.60 33.6 Other 566.20 - 566.20 N/A Total nonoperating revenues (expenses)(223,728.51) (1,449,001.00) 1,225,272.49 84.6 Transfers In - - - N/A Transfers Out (4)(1,267,564.90) (1,546,322.00) 278,757.10 18.0 Net income (loss) 15,942,331.23$ 5,718,645.00$ 10,223,686.23$ 178.8 ¹Actual amounts are accounted for on the accrual basis of accounting in an enterprise fund. Budget amounts are accounted for on a modified accrual basis of accounting. ²Miscellaneous expenses include: Bond Insurance Costs, Bank Service Charge, Transponder Materials. ³Depreciation and amortization are not budgeted items. 4Transfers Out: For M2 Project I and Project J expense reimbursements. 5 Litigation settlement was accrued, the negative will be offset once the litigation payment is issued. YTD Variance 297 11 OPERATIONS OVERVIEW RCTC TRAFFIC AND REVENUE STATISTICS FOR RCTC Total traffic volume on the 91 Express Lanes for October 2021 was 1,483,098. This represents a daily average of 47,842 vehicles. This is a 34.5 percent increase in total traffic volume from the same period last year, which totaled 1,102,840 and was the eighth month of the COVID-19 stay-at-home order. Potential toll revenue for October was $5,818,847, which represents an increase of 55.3 percent from the prior year’s total of $3,746,865. Carpool percentage for October was 20.7 percent as compared to the previous year’s rate of 20.2 percent. As compared to October 2019, traffic volume increased by 10.6 percent and revenue decreased by 8.3 percent. Month-to-date traffic and revenue data is summarized in the table below. The following trip and revenue statistics tables represent all trips taken on the Riverside County Transportation Commission (RCTC) 91 Express Lanes and associated potential revenue for the month of October 2021. Current Month-to-Date as of October 31, 2021 Trips OCT-21 MTD Actual Stantec MTD Projected # Variance % Variance OCT-20 MTD Actual Yr-to-Yr % Variance OCT-19 MTD Actual Yr 21-to-Yr 19 % Variance Full Toll Lanes 1,176,616 992,743 183,873 18.5% 879,975 33.7% 1,073,571 9.6% 3+ Lanes 306,482 326,257 (19,775) (6.1%)222,865 37.5% 267,212 14.7% Total Gross Trips 1,483,098 1,319,000 164,098 12.4% 1,102,840 34.5% 1,340,783 10.6% Revenue Full Toll Lanes $5,779,861 $4,321,957 $1,457,904 33.7% $3,705,484 56.0% $6,320,045 (8.5%) 3+ Lanes $38,986 $0 $38,986 $41,381 (5.8%)$26,718 45.9% Total Gross Revenue $5,818,847 $4,321,957 $1,496,890 34.6% $3,746,865 55.3% $6,346,763 (8.3%) Average Revenue per Trip Average Full Toll Lanes $4.91 $4.35 $0.56 12.9% $4.21 16.6% $5.89 (16.6%) Average 3+ Lanes $0.13 $0.00 $0.13 $0.19 (31.6%)$0.10 30.0% Average Gross Revenue $3.92 $3.28 $0.64 19.5% $3.40 15.3% $4.73 (17.1%) 298 12 The 2021 fiscal year-to-date traffic volume increased by 46.4 percent and potential toll revenue increased by 55.8 percent, when compared with the same period last year. Year-to-date average revenue per-trip is $3.64. Fiscal year-to-date traffic and revenue data are summarized in the table below. The following trip and revenue statistics tables represent all trips taken on the RCTC 91 Express Lanes and associated potential revenue for the months of July 2021 through October 2021. FY 2020-21 Year-to-Date as of October 31, 2021 Trips FY 2021-22 YTD Actual Stantec YTD Projected # Variance % Variance FY 2020-21 YTD Actual Yr-to-Yr % Variance Full Toll Lanes 4,620,418 3,839,443 780,975 20.3% 3,158,209 46.3% 3+ Lanes 1,223,707 1,329,143 (105,436) (7.9%)833,863 46.8% Total Gross Trips 5,844,125 5,168,586 675,539 13.1% 3,992,072 46.4% Revenue Full Toll Lanes $21,120,076 $16,537,257 $4,582,819 27.7% $13,517,570 56.2% 3+ Lanes $166,946 $0 $166,946 $147,388 13.3% Total Gross Revenue $21,287,023 $16,537,257 $4,749,765 28.7% $13,664,958 55.8% Average Revenue per Trip Average Full Toll Lanes $4.57 $4.31 $0.26 6.0% $4.28 6.8% Average 3+ Lanes $0.14 $0.00 $0.14 $0.18 (22.2%) Average Gross Revenue $3.64 $3.20 $0.44 13.8% $3.42 6.4% 299 13 RCTC Traffic and Revenue Summary The chart below reflects the total trips broken down between full toll lanes and HOV3+ lanes for FY 2021-22 on a monthly basis. The chart below reflects the gross potential revenue breakdown between full toll lanes and HOV3+ lanes for FY 2021-22 on a monthly basis. 300 14 RCTC PEAK-HOUR VOLUMES In October, several toll rates were adjusted. RCTC evaluates traffic volumes for peak period hours and adjusts rates according to the toll rate policy. RCTC EASTBOUND PEAK-HOUR VOLUMES Eastbound PM Peak - County Line to McKinley  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $26.80 215 1,030 1,245 E 1500 - 1600 $26.50 258 904 1,162 D 1600 - 1700 $16.30 211 936 1,147 D 1700 - 1800 $8.10 212 963 1,175 D 1800 - 1900 $5.45 246 935 1,181 D 1900 - 2000 $4.25 303 933 1,236 E  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $5.45 172 987 1,159 D $7.05 161 1048 1,209 E $9.15 191 1081 1,272 E $12.25 200 1,086 1,286 E $26.80 210 974 1,184 D 1500 - 1600 $8.45 233 926 1,159 D $10.50 183 898 1,081 D $13.55 194 964 1,158 D $16.60 236 959 1,195 D $26.50 280 901 1,181 D 1600 - 1700 $7.05 163 859 1,022 D $5.45 174 950 1,124 D $7.05 202 914 1,116 D $8.45 200 993 1,193 D $15.60 284 948 1,232 E 1700 - 1800 $5.45 170 874 1,044 D $5.45 151 990 1,141 D $5.45 151 916 1,067 D $5.45 184 988 1,172 D $7.40 222 991 1,213 E 1800 - 1900 $5.45 260 828 1,088 D $5.45 198 873 1,071 D $5.45 234 919 1,153 D $5.45 202 951 1,153 D $5.45 302 931 1,233 E 1900 - 2000 $2.30 147 534 681 B $4.25 233 900 1,133 D $4.25 211 784 995 C $5.45 214 782 996 C $4.25 272 835 1,107 D  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $5.45 210 1,038 1,248 E $7.05 169 1,001 1,170 D $9.15 185 1,077 1,262 E $12.25 182 1,055 1,237 E $26.80 220 1,081 1,301 F 1500 - 1600 $8.45 237 925 1,162 D $10.50 223 900 1,123 D $13.55 191 933 1,124 D $16.60 201 975 1,176 D $26.50 257 887 1,144 D 1600 - 1700 $7.05 169 886 1,055 D $5.45 172 869 1,041 D $7.05 191 977 1,168 D $8.45 168 907 1,075 D $15.60 235 898 1,133 D 1700 - 1800 $5.45 193 972 1,165 D $5.45 176 967 1,143 D $5.45 174 950 1,124 D $5.45 153 913 1,066 D $7.40 232 953 1,185 D 1800 - 1900 $5.45 213 800 1,013 D $5.45 220 893 1,113 D $5.45 231 911 1,142 D $5.45 222 930 1,152 D $5.45 306 930 1,236 E 1900 - 2000 $2.30 201 641 842 C $4.25 251 863 1,114 D $4.25 229 819 1,048 D $5.45 248 951 1,199 D $4.25 321 932 1,253 E  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $5.45 172 1,039 1,211 E $7.05 166 1,042 1,208 E $9.15 184 1,003 1,187 D $12.25 173 1,047 1,220 E $26.80 226 1,103 1,329 F 1500 - 1600 $8.45 220 907 1,127 D $10.50 191 860 1,051 D $13.55 205 983 1,188 D $16.60 225 875 1,100 D $26.50 251 970 1,221 E 1600 - 1700 $7.05 222 915 1,137 D $5.45 201 965 1,166 D $7.05 115 839 954 C $8.45 176 913 1,089 D $15.60 254 1,021 1,275 E 1700 - 1800 $5.45 186 899 1,085 D $5.45 185 903 1,088 D $5.45 159 854 1,013 D $5.45 155 975 1,130 D $7.40 261 1,034 1,295 E 1800 - 1900 $5.45 262 862 1,124 D $5.45 219 830 1,049 D $5.45 249 981 1,230 E $5.45 206 871 1,077 D $5.45 283 968 1,251 E 1900 - 2000 $2.30 204 591 795 B $4.25 236 872 1,108 D $4.25 260 903 1,163 D $5.45 206 929 1,135 D $4.25 333 876 1,209 E  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $5.45 176 924 1,100 D $7.05 171 1,003 1,174 D $9.15 182 1,002 1,184 D $12.25 168 1,072 1,240 E $26.80 193 1,013 1,206 E 1500 - 1600 $8.45 180 697 877 C $10.50 198 861 1,059 D $13.55 198 922 1,120 D $16.60 222 949 1,171 D $26.50 240 884 1,124 D 1600 - 1700 $7.05 154 733 887 C $5.45 184 990 1,174 D $7.05 166 917 1,083 D $8.45 180 933 1,113 D $15.60 222 914 1,136 D 1700 - 1800 $5.45 148 809 957 C $5.45 197 896 1,093 D $5.45 160 943 1,103 D $5.45 173 967 1,140 D $7.40 265 1,057 1,322 F 1800 - 1900 $5.45 223 683 906 C $5.45 248 812 1,060 D $5.45 158 586 744 B $5.45 252 922 1,174 D $5.45 305 989 1,294 E 1900 - 2000 $2.30 130 344 474 B $4.25 209 815 1,024 D $4.25 212 773 985 C $5.45 227 903 1,130 D $4.25 279 943 1,222 E Thursday 10/21/21 Friday 10/22/21 Monday 10/11/21 Tuesday 10/12/21 Wednesday 10/13/21 Wednesday 10/06/21 Thursday 10/07/21 Friday 10/08/21 10/14/21 Friday 10/15/21 Monday 10/04/21 Tuesday 10/05/21 Thursday Wednesday 10/20/21Monday10/18/21 Tuesday 10/19/21 Monday 10/25/21 Tuesday 10/26/21 Wednesday 10/27/21 Thursday 10/28/21 Friday 10/29/21 09/28/21 Wednesday 09/29/21 Thursday 09/30/21 Friday 10/01/21Monday09/27/21 Tuesday 301 15 Eastbound PM Peak - County Line to 15 SB Ontario  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $5.45 109 752 861 C 1500 - 1600 $5.45 123 637 760 B 1600 - 1700 $3.00 128 612 740 B 1700 - 1800 $3.00 91 655 746 B 1800 - 1900 $3.00 124 626 750 B 1900 - 2000 $3.00 171 551 722 B  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $5.45 116 707 823 C $5.45 115 768 883 C $5.45 97 772 869 C $5.45 126 745 871 C $5.45 116 744 860 C 1500 - 1600 $5.45 132 694 826 C $5.45 122 699 821 C $5.45 107 701 808 C $5.45 106 758 864 C $5.45 133 623 756 B 1600 - 1700 $3.00 84 628 712 B $5.45 98 636 734 B $5.45 108 691 799 B $5.45 97 659 756 B $3.00 129 650 779 B 1700 - 1800 $3.00 96 627 723 B $3.00 79 675 754 B $3.00 90 620 710 B $3.00 98 619 717 B $3.00 97 612 709 B 1800 - 1900 $3.00 118 589 707 B $3.00 109 677 786 B $3.00 134 636 770 B $3.00 97 637 734 B $3.00 118 528 646 B 1900 - 2000 $3.00 105 389 494 B $3.00 148 687 835 C $3.00 156 618 774 B $3.00 137 577 714 B $3.00 155 506 661 B  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $5.45 106 716 822 C $5.45 116 694 810 C $5.45 90 772 862 C $5.45 121 752 873 C $5.45 122 717 839 C 1500 - 1600 $5.45 128 688 816 C $5.45 113 700 813 C $5.45 117 735 852 C $5.45 98 671 769 B $5.45 117 614 731 B 1600 - 1700 $3.00 76 602 678 B $5.45 75 601 676 B $5.45 119 626 745 B $5.45 92 630 722 B $3.00 148 636 784 B 1700 - 1800 $3.00 83 666 749 B $3.00 79 663 742 B $3.00 119 664 783 B $3.00 97 582 679 B $3.00 125 639 764 B 1800 - 1900 $3.00 117 575 692 B $3.00 127 652 779 B $3.00 136 681 817 C $3.00 115 707 822 C $3.00 199 655 854 C 1900 - 2000 $3.00 122 458 580 B $3.00 149 643 792 B $3.00 163 682 845 C $3.00 166 665 831 C $3.00 222 598 820 C  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $5.45 113 700 813 C $5.45 103 734 837 C $5.45 106 724 830 C $5.45 110 754 864 C $5.45 117 703 820 C 1500 - 1600 $5.45 131 664 795 B $5.45 112 692 804 C $5.45 113 761 874 C $5.45 130 713 843 C $5.45 112 616 728 B 1600 - 1700 $3.00 101 622 723 B $5.45 92 670 762 B $5.45 71 472 543 B $5.45 90 665 755 B $3.00 112 629 741 B 1700 - 1800 $3.00 120 618 738 B $3.00 95 642 737 B $3.00 88 587 675 B $3.00 83 573 656 B $3.00 135 644 779 B 1800 - 1900 $3.00 139 635 774 B $3.00 108 636 744 B $3.00 120 648 768 B $3.00 139 679 818 C $3.00 122 593 715 B 1900 - 2000 $3.00 155 427 582 B $3.00 158 669 827 C $3.00 191 777 968 C $3.00 152 748 900 C $3.00 173 573 746 B  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $5.45 101 627 728 B $5.45 85 742 827 C $5.45 110 765 875 C $5.45 93 783 876 C $5.45 126 764 890 C 1500 - 1600 $5.45 110 547 657 B $5.45 141 691 832 C $5.45 96 704 800 B $5.45 132 702 834 C $5.45 120 603 723 B 1600 - 1700 $3.00 90 545 635 B $5.45 80 631 711 B $5.45 101 565 666 B $5.45 104 642 746 B $3.00 121 551 672 B 1700 - 1800 $3.00 97 588 685 B $3.00 91 627 718 B $3.00 91 656 747 B $3.00 103 602 705 B $3.00 115 616 731 B 1800 - 1900 $3.00 110 548 658 B $3.00 115 645 760 B $3.00 92 434 526 B $3.00 123 670 793 B $3.00 138 635 773 B 1900 - 2000 $3.00 81 287 368 A $3.00 157 625 782 B $3.00 150 606 756 B $3.00 146 682 828 C $3.00 195 604 799 B Monday 10/04/21 Tuesday 10/05/21 Wednesday 10/06/21 Thursday 10/07/21 Friday 10/08/21 Monday 10/18/21 Tuesday 10/19/21 Wednesday 10/20/21 Wednesday 10/13/21 Thursday 10/14/21 Friday 10/15/21Monday10/11/21 Tuesday 10/12/21 Monday 10/25/21 Tuesday 10/26/21 Thursday 10/21/21 Friday 10/22/21 Wednesday 10/27/21 Thursday 10/28/21 Friday 10/29/21 Monday 09/27/21 Tuesday 09/28/21 Wednesday 09/29/21 Thursday 09/30/21 Friday 10/01/21 302 16 RCTC WESTBOUND PEAK-HOUR VOLUMES Westbound AM Peak - McKinley to County Line  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $2.30 175 495 670 B 0500 - 0600 $7.05 366 1,155 1,521 F 0600 - 0700 $9.10 299 1,081 1,380 F 0700 - 0800 $8.05 275 1,258 1,533 F 0800 - 0900 $4.25 174 1,285 1,459 F 0900 - 1000 $4.25 156 929 1,085 D  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $2.30 190 518 708 B $2.30 180 541 721 B $2.30 193 512 705 B $2.30 220 478 698 B $2.30 169 518 687 B 0500 - 0600 $11.20 384 1,202 1,586 F $11.20 340 1192 1,532 F $11.20 384 1150 1,534 F $9.45 399 1,157 1,556 F $5.45 294 1,063 1,357 F 0600 - 0700 $17.30 314 1,081 1,395 F $18.30 296 1121 1,417 F $18.30 356 1102 1,458 F $17.30 335 1,116 1,451 F $10.45 244 1,115 1,359 F 0700 - 0800 $14.30 267 1,357 1,624 F $14.30 283 1346 1,629 F $14.30 360 1283 1,643 F $13.30 338 1,279 1,617 F $9.40 239 1,213 1,452 F 0800 - 0900 $9.40 177 1,447 1,624 F $10.40 157 1401 1,558 F $10.40 168 1465 1,633 F $9.40 196 1,441 1,637 F $5.45 144 1,158 1,302 E 0900 - 1000 $5.45 159 1,093 1,252 E $7.05 131 1254 1,385 F $7.05 146 1277 1,423 F $7.05 142 1,032 1,174 D $4.25 131 790 921 C  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $2.30 206 482 688 B $2.30 208 478 686 B $2.30 195 585 780 B $2.30 201 558 759 B $2.30 194 490 684 B 0500 - 0600 $11.20 326 1,126 1,452 F $11.20 368 1,188 1,556 F $11.20 374 1,204 1,578 F $9.45 369 1,168 1,537 F $5.45 344 1,187 1,531 F 0600 - 0700 $17.30 293 1,025 1,318 E $18.30 297 995 1,292 E $18.30 292 1,130 1,422 F $17.30 296 1,007 1,303 E $10.45 301 1,144 1,445 F 0700 - 0800 $14.30 319 1,348 1,667 F $14.30 380 1,390 1,770 F $14.30 313 1,366 1,679 F $13.30 350 1,328 1,678 F $9.40 278 1,288 1,566 F 0800 - 0900 $9.40 198 1,263 1,461 F $10.40 207 1,503 1,710 F $10.40 182 1,431 1,613 F $9.40 183 1,233 1,416 F $5.45 154 1,261 1,415 F 0900 - 1000 $5.45 213 1,053 1,266 E $7.05 131 1,071 1,202 E $7.05 151 1,221 1,372 F $7.05 163 1,256 1,419 F $4.25 186 942 1,128 D  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $2.30 207 546 753 B $2.30 213 599 812 C $2.30 217 530 747 B $2.30 234 505 739 B $2.30 168 510 678 B 0500 - 0600 $11.20 373 1,180 1,553 F $11.20 328 1,210 1,538 F $11.20 355 1,198 1,553 F $9.45 384 1,193 1,577 F $5.45 296 1,293 1,589 F 0600 - 0700 $17.30 326 1,055 1,381 F $18.30 293 1,081 1,374 F $18.30 332 1,168 1,500 F $17.30 344 1,059 1,403 F $10.45 273 1,120 1,393 F 0700 - 0800 $14.30 334 1,329 1,663 F $14.30 298 1,319 1,617 F $14.30 311 1,347 1,658 F $13.30 326 1,327 1,653 F $9.40 273 1,403 1,676 F 0800 - 0900 $9.40 213 1,437 1,650 F $10.40 162 1,477 1,639 F $10.40 150 1,553 1,703 F $9.40 203 1,381 1,584 F $5.45 129 1,161 1,290 E 0900 - 1000 $5.45 174 1,054 1,228 E $7.05 163 1,154 1,317 E $7.05 153 1,088 1,241 E $7.05 150 986 1,136 D $4.25 136 778 914 C  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $2.30 184 463 647 B $2.30 215 488 703 B $2.30 217 491 708 B $2.30 218 561 779 B $2.30 165 561 726 B 0500 - 0600 $11.20 351 1,133 1,484 F $11.20 416 1,185 1,601 F $11.20 397 1,192 1,589 F $9.45 360 1,153 1,513 F $5.45 350 1,249 1,599 F 0600 - 0700 $17.30 286 913 1,199 D $18.30 342 1,073 1,415 F $18.30 333 1,077 1,410 F $17.30 316 1,119 1,435 F $10.45 304 1,076 1,380 F 0700 - 0800 $14.30 266 1,070 1,336 E $14.30 341 1,388 1,729 F $14.30 341 1,358 1,699 F $13.30 358 1,302 1,660 F $9.40 313 1,173 1,486 F 0800 - 0900 $9.40 165 970 1,135 D $10.40 199 1,311 1,510 F $10.40 220 1,406 1,626 F $9.40 178 1,339 1,517 F $5.45 160 969 1,129 D 0900 - 1000 $5.45 128 730 858 C $7.05 141 1,266 1,407 F $7.05 174 1,148 1,322 E $7.05 140 1,128 1,268 E $4.25 109 812 921 C 10/15/21Thursday 10/28/21 Friday 10/29/21 Thursday 10/21/21 Friday 10/22/21 Thursday Monday 10/11/21 Tuesday 10/12/21 Wednesday 10/13/21 Wednesday 10/06/21 Thursday 10/07/21 Friday 10/08/21Monday10/04/21 Tuesday 10/05/21 10/14/21 Friday Monday 10/25/21 Tuesday 10/26/21 Wednesday 10/27/21 Wednesday 10/20/21Monday10/18/21 Tuesday 10/19/21 09/29/21 Thursday 09/30/21 Friday 10/01/21Monday09/27/21 Tuesday 09/28/21 Wednesday 303 17 Westbound AM Peak - I-15 North to County Line  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $2.00 131 430 561 B 0500 - 0600 $5.45 213 954 1,167 D 0600 - 0700 $5.45 218 1,199 1,417 F 0700 - 0800 $5.45 155 1,096 1,251 E 0800 - 0900 $3.00 132 920 1,052 D 0900 - 1000 $3.00 113 733 846 C  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $3.00 173 476 649 B $3.00 127 500 627 B $3.00 147 473 620 B $3.00 148 477 625 B $3.00 81 436 517 B 0500 - 0600 $7.00 243 1,036 1,279 E $7.00 172 1080 1,252 E $7.00 263 1100 1,363 E $7.00 237 1,070 1,307 E $5.45 140 920 1,060 D 0600 - 0700 $9.00 254 1,313 1,567 F $9.00 223 1407 1,630 F $9.00 343 1266 1,609 F $9.00 283 1,290 1,573 F $7.00 209 1,205 1,414 F 0700 - 0800 $9.00 199 1,342 1,541 F $9.00 169 1288 1,457 F $9.00 223 1307 1,530 F $9.00 222 1,285 1,507 F $7.00 125 991 1,116 D 0800 - 0900 $7.00 101 1,123 1,224 E $7.00 125 1248 1,373 E $7.00 108 1179 1,287 E $7.00 122 1,157 1,279 E $5.45 105 900 1,005 D 0900 - 1000 $5.45 81 817 898 C $5.45 105 982 1,087 D $5.45 99 938 1,037 D $5.45 98 851 949 C $3.00 87 723 810 C  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $3.00 153 442 595 B $3.00 147 485 632 B $3.00 124 539 663 B $3.00 145 487 632 B $3.00 114 450 564 B 0500 - 0600 $7.00 233 1,051 1,284 E $7.00 254 1,082 1,336 E $7.00 268 1,160 1,428 F $7.00 240 1,135 1,375 E $5.45 189 988 1,177 D 0600 - 0700 $9.00 248 1,309 1,557 F $9.00 283 1,253 1,536 F $9.00 252 1,261 1,513 F $9.00 241 1,093 1,334 E $7.00 232 1,206 1,438 F 0700 - 0800 $9.00 178 1,166 1,344 E $9.00 205 1,193 1,398 E $9.00 190 1,320 1,510 F $9.00 208 1,370 1,578 F $7.00 164 995 1,159 D 0800 - 0900 $7.00 114 936 1,050 D $7.00 108 1,324 1,432 F $7.00 102 1,171 1,273 E $7.00 118 1,136 1,254 E $5.45 101 873 974 C 0900 - 1000 $5.45 101 775 876 C $5.45 89 889 978 C $5.45 92 780 872 C $5.45 118 880 998 C $3.00 149 718 867 C  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $3.00 170 503 673 B $3.00 131 518 649 B $3.00 171 502 673 B $3.00 166 486 652 B $3.00 130 424 554 B 0500 - 0600 $7.00 251 1,068 1,319 E $7.00 197 1,137 1,334 E $7.00 240 1,156 1,396 E $7.00 246 1,113 1,359 E $5.45 164 1,067 1,231 E 0600 - 0700 $9.00 269 1,341 1,610 F $9.00 246 1,290 1,536 F $9.00 236 1,260 1,496 F $9.00 295 1,182 1,477 F $7.00 218 1,190 1,408 F 0700 - 0800 $9.00 197 1,194 1,391 E $9.00 188 1,372 1,560 F $9.00 171 1,370 1,541 F $9.00 202 1,290 1,492 F $7.00 112 1,007 1,119 D 0800 - 0900 $7.00 144 1,064 1,208 E $7.00 119 1,216 1,335 E $7.00 86 1,152 1,238 E $7.00 130 1,033 1,163 D $5.45 93 884 977 C 0900 - 1000 $5.45 123 746 869 C $5.45 122 992 1,114 D $5.45 118 975 1,093 D $5.45 128 919 1,047 D $3.00 100 730 830 C  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $3.00 148 464 612 B $3.00 160 477 637 B $3.00 162 450 612 B $3.00 152 516 668 B $3.00 94 451 545 B 0500 - 0600 $7.00 228 998 1,226 E $7.00 242 1,047 1,289 E $7.00 256 1,130 1,386 E $7.00 223 1,118 1,341 E $5.45 184 969 1,153 D 0600 - 0700 $9.00 244 1,201 1,445 F $9.00 278 1,387 1,665 F $9.00 282 1,296 1,578 F $9.00 287 1,425 1,712 F $7.00 248 1,122 1,370 E 0700 - 0800 $9.00 172 1,052 1,224 E $9.00 216 1,240 1,456 F $9.00 209 1,257 1,466 F $9.00 209 1,180 1,389 E $7.00 164 1,002 1,166 D 0800 - 0900 $7.00 111 810 921 C $7.00 101 1,273 1,374 E $7.00 123 1,080 1,203 E $7.00 114 1,022 1,136 D $5.45 132 983 1,115 D 0900 - 1000 $5.45 93 634 727 B $5.45 91 911 1,002 D $5.45 136 980 1,116 D $5.45 109 1,012 1,121 D $3.00 104 758 862 C Thursday 10/07/21 Friday 10/08/21Monday10/04/21 Tuesday 10/05/21 Wednesday 10/06/21 Monday 10/18/21 Tuesday 10/19/21 Wednesday 10/20/21 Wednesday 10/13/21 Thursday 10/14/21 Friday 10/15/21Monday10/11/21 Tuesday 10/12/21 Thursday 10/21/21 Friday 10/22/21 Thursday 10/28/21 Friday 10/29/21Monday10/25/21 Tuesday 10/26/21 Wednesday 10/27/21 Monday 09/27/21 Tuesday 09/28/21 Wednesday 09/29/21 Thursday 09/30/21 Friday 10/01/21 304 18 RCTC OPERATIONAL HIGHLIGHTS On-Road Operations RCTC Freeway Service Patrol responded to 85 calls during the month of October. Of those calls, 58 were to assist disabled vehicles, 3 calls to remove debris, and 24 were in response to accidents in the Express Lanes. 91 Express Lanes BOS Development Update In February, Cofiroute USA, LLC (CUSA) notified OCTA and the Riverside County Transportation Commission (RCTC) of a delay to the implementation of the new BOS for the 91 Express Lanes for both Orange and Riverside counties as a result of the COVID-19 pandemic. CUSA is the current operator of the 91 Express Lanes for both OCTA and RCTC and is the firm selected for the design, development, and implementation of the new BOS, as well as the customer service center operation. To address the potential delay of transitioning to the new operating agreement, in October 2019, an amendment to the existing operating agreement was executed which allowed for six one-month extension periods. In October 2021, OCTA and RCTC (Agencies) provided notice to CUSA that the Agencies will be exercising the fifth of the six one-month extension period, which will commence November 1, 2021 through November 30, 2021. Agencies' staff have been continuing to work with CUSA to meet the amended go-live date of September 29, 2021. Subsequently, the Agencies were informed that the go-live date will be delayed. The Agencies have been working with CUSA to determine when the revised go-live date is expected and will then ask CUSA to provide an approved implementation schedule for go-live. The Agencies intend to exercise the one-month options until the transition to the new contract occurs. 305 19 FINANCIAL HIGHLIGHTS RCTC RCTC 91 Express Lanes Operating Statement 10/31/2021 Description Budget Dollar $ Percent (%) Operating revenues: Toll Revenue 18,644,139.36$ 11,945,000.00$ 6,699,139.36$ 56.1 Fee Revenue 2,374,358.12 1,905,633.33 468,724.79 24.6 Total operating revenues 21,018,497.48 13,850,633.33 7,167,864.15 51.8 Operating expenses: Salaries and Benefits 153,564.88 284,266.67 130,701.79 46.0 Legal Services 13,533.72 68,333.33 54,799.61 80.2 Advisory Services 17,773.39 1,666.67 (16,106.72) (966.4) Audit and Accounting Fees 20,000.00 12,000.00 (8,000.00) (66.7) Service Fees - 6,233.33 6,233.33 100.0 Other Professional Services 150,831.47 419,833.33 269,001.86 64.1 Lease Expense 65,535.27 106,366.67 40,831.40 38.4 Operations 607,108.67 1,205,933.33 598,824.66 49.7 Utilities 4,946.87 21,700.00 16,753.13 77.2 Supplies and Materials 206.14 11,166.67 10,960.53 98.2 Membership and Subscription Fees 7,186.50 10,000.00 2,813.50 28.1 Office Equipment & Furniture (Non-Capital)- 26,666.67 26,666.67 100.0 Maintenance/Repairs 66,755.87 102,866.67 36,110.80 35.1 Training Seminars and Conferences 1,690.10 533.33 (1,156.77) (216.9) Transportation Expenses - 833.33 833.33 100.0 Lodging - 433.33 433.33 100.0 Meals - 1,000.00 1,000.00 100.0 Other Staff Expenses 30.00 100.00 70.00 70.0 Advertising - 71,666.67 71,666.67 100.0 Program Management 9,532.57 27,700.00 18,167.43 65.6 Program Operations 2,073,186.55 2,791,400.00 718,213.45 25.7 Litigation Settlement 687.06 - (687.06) N/A Furniture & Equipment - 25,000.00 25,000.00 100.0 Improvements 24,997.50 18,333.33 (6,664.17) (36.4) Bad Debt Expense 36,627.70 - (36,627.70) N/A Total operating expenses 3,254,194.26 5,214,033.33 1,959,839.07 37.6 Operating income (loss)17,764,303.22 8,636,600.00 9,127,703.22 105.7 Nonoperating revenues (expenses): Interest Revenue 39,334.80 49,833.33 (10,498.53) 21.1 Other Miscellaneous Revenue 14.61 - 14.61 N/A Loss on Refunding (6,733,662.41) - (6,733,662.41) N/A Principal Expense - - - N/A Interest Expense (9,476,129.92) (3,013,633.33) (6,462,496.59) 214.4 Total nonoperating revenues (expenses)(16,170,442.92) (2,963,800.00) (13,206,642.92) (445.6) Transfers In - - - N/A Transfers Out - (358,233.33) 358,233.33 (100.0) Net income (loss) 1,593,860.30$ 5,314,566.67$ (3,720,706.37)$ (70.0) 1 Unaudited YTD as of : YTD Variance Actual1 306 20 JOINT AGENCY TRIP AND REVENUE STATISTICS JOINT AGENCY TRAFFIC STATISTICS MULTI AGENCY TRIP AND REVENUE STATISTICS MONTH ENDING October 31, 2021 MTD Transactions by Agency Transactions Using Both Segments % Using Both Segments Revenue Westbound OCTA 876,403 484,600 55%$2,422,850 RCTC 810,786 484,600 60%$3,357,273 I -15 349,302 273,212 78%$1,301,127 McKinley 461,484 211,388 46%$2,056,146 Eastbound OCTA 847,996 525,073 62%$2,901,621 RCTC 672,312 525,073 78%$2,461,574 I -15 260,878 207,149 79%$666,138 McKinley 411,434 317,924 77%$1,795,435 307 21 JOINT AGENCY PERFORMANCE MEASURES JOINT AGENCY TRANSPONDER DISTRIBUTION Oct-21 Performance CUSTOMER SERVICE Call Wait Time Monthly Not to exceed 2 minutes 1:46 Abandon Rate Monthly No more than 4.0% 2.2% Customer Satisfaction Monthly At least 75 outbound calls 77 VIOLATION PROCESSING Response Time Monthly Within 2 business days of receipt 1.1 CUSA Violation Collection Rate Quarterly 70% or more CUSA Violation Collection Rate Annually 74% or more TRAFFIC OPERATIONS Initial & Secondary Reviews Monthly Equal to or less than 15 days 2.3 * Plate Misread Errors Monthly Equal to or less than 0.4% 0.02% ACCOUNTING Monthly No more than 3 0 Monthly No more than 3 0 INFORMATION TECHNOLOGY Back-office System Uptime Monthly 99% Availability 100% Network Uptime Monthly 99% Availability 100% CUSA = Cofiroute USA; CAS = OCTA Customer Assistance Specialists * Plate Misread Error performance is current after a 60-day hold-back period; therefore, percentage reported here is for two months prior to the month of this report. OCTA Exceptions RCTC Exceptions REPORTING REQUIREMENT Reporting P eriod PERFORMANCE STANDARD Tags % of Total Tags % of Total Issued To New Accounts Additional Tags to Existing Accounts Replacement Transponders Total Issued Returned Account Closures 2 3.4% 2 0.3% 8 0.8% Accounts Downsizing 55 93.2% 786 99.5% 936 95.3% Defective Transponders 2 3.4% 2 0.3% 38 3.9% Total Returned 59 790 982 FY 2021-22T21 TRANSPONDER DISTRIBUTION October-21 September-21 Average To-Date Tags % of Total Tags % of Total Issued To New Accounts 3,495 45.1% 12,870 67.0% 11,099 79.8% Additional Tags to Existing Accounts 4,245 54.8% 6,296 32.8% 2,785 20.0% Replacement Transponders 5 0.1% 36 0.2% 18 0.1% Total Issued 7,745 19,202 13,902 Returned Account Closures Accounts Downsizing Defective Transponders Total Returned 6C TRANSPONDER DISTRIBUTION October-21 September-21 FY 2021-22 Average To-Date 308 22 At the end of October 2021, the 91 Express Lanes had 158,631 active customer accounts and 617,083 transponders classified as assigned. Number of Accounts by FY As of October 31, 2021 Incoming Email Activity During October, the Anaheim Processing Center received 3,361 emails. 309 Orange County Transportation Authority Riverside County Transportation Commission Status Report November 2021 As of November 30, 2021 ATTACHMENT 5 310 2 Table of Contents Operations Overview OCTA ............................................................................................ 3 Traffic and Revenue Statistics for OCTA ......................................................................... 3 OCTA Traffic and Revenue Summary ............................................................................. 5 OCTA Eastbound Peak-Hour Volumes ........................................................................... 6 OCTA Westbound Peak-Hour Volumes .......................................................................... 7 OCTA Operational Highlights .......................................................................................... 8 Financial Highlights OCTA .............................................................................................. 9 Operations Overview RCTC .......................................................................................... 10 Traffic and Revenue Statistics for RCTC ....................................................................... 10 RCTC Traffic and Revenue Summary ........................................................................... 12 RCTC Peak-Hour Volumes ........................................................................................... 13 RCTC Eastbound Peak-Hour Volumes ......................................................................... 13 RCTC Westbound Peak-Hour Volumes ........................................................................ 15 RCTC Operational Highlights ........................................................................................ 17 Financial Highlights RCTC ............................................................................................ 18 Joint Agency Trip and Revenue Statistics ..................................................................... 19 Joint Agency Traffic Statistics ....................................................................................... 19 Joint Agency Performance Measures............................................................................ 20 Joint Agency Transponder Distribution.......................................................................... 20 Incoming Email Activity ................................................................................................. 21 311 3 OPERATIONS OVERVIEW OCTA TRAFFIC AND REVENUE STATISTICS FOR OCTA Total traffic volume on the 91 Express Lanes for November 2021 was 1,668,735. This represents a daily average of 55,625 vehicles. This is a 47.5 percent increase in total traffic volume from the same period last year, which totaled 1,131,383 and was the ninth month of the State of California’s stay-at-home orders due to the coronavirus (COVID-19) pandemic. Potential toll revenue for November was $5,125,256, which represents an increase of 40 percent from the prior year’s total of $3,662,099. Carpool percentage for November was 23.4 percent as compared to the previous year’s rate of 22.2 percent. As compared to November 2019, traffic volume increased by 16.3 percent and revenue increased by 16.9 percent. Month-to-date traffic and revenue data is summarized in the table below. The following trip and revenue statistics tables represent all trips taken on the Orange County Transportation Authority (OCTA) 91 Express Lanes and associated potential revenue for the month of November 2021. Current Month-to-Date (MTD) as of November 30, 2021 Trips Nov-21 MTD Actual Nov-20 MTD Actual Yr 21-to-Yr 20 % Variance Nov-19 MTD Actual Yr 21-to-Yr 19 % Variance Full Toll Lanes 1,277,655 880,050 45.2% 1,066,864 19.8% 3+ Lanes 391,080 251,333 55.6% 368,156 6.2% Total Gross Trips 1,668,735 1,131,383 47.5% 1,435,020 16.3% Revenue Full Toll Lanes $5,079,291 $3,619,797 40.3% $4,328,417 17.3% 3+ Lanes $45,965 $42,301 8.7% $56,691 (18.9%) Total Gross Revenue $5,125,256 $3,662,099 40.0% $4,385,107 16.9% Average Revenue per Trip Average Full Toll Lanes $3.98 $4.11 (3.2%)$4.06 (2.0%) Average 3+ Lanes $0.12 $0.17 (29.4%)$0.15 (20.0%) Average Gross Revenue $3.07 $3.24 (5.2%)$3.06 0.3% 312 4 The 2021 fiscal year-to-date traffic volume increased by 44.9 percent and potential toll revenue increased by 37.7 percent, when compared with the same period last year. Year-to-date average revenue per trip is $3.09. Fiscal year-to-date traffic and revenue data are summarized in the table below. The following trip and revenue statistics tables represent all trips taken on the OCTA 91 Express Lanes and associated potential revenue for the months of July 2021 through November 2021. Fiscal Year (FY) 2020-21 Year-to-Date (YTD) as of November 30, 2021 Trips FY 2021-22 YTD Actual FY 2020-21 YTD Actual Yr-to-Yr % Variance Full Toll Lanes 6,577,643 4,579,381 43.6% 3+ Lanes 1,933,668 1,295,123 49.3% Total Gross Trips 8,511,311 5,874,504 44.9% Revenue Full Toll Lanes $26,010,967 $18,810,115 38.3% 3+ Lanes $246,838 $252,883 (2.4%) Total Gross Revenue $26,257,804 $19,062,998 37.7% Average Revenue per Trip Average Full Toll Lanes $3.95 $4.11 (3.9%) Average 3+ Lanes $0.13 $0.20 (35.0%) Average Gross Revenue $3.09 $3.25 (4.9%) 313 5 OCTA Traffic and Revenue Summary The chart below reflects the total trips breakdown between full toll trips and high-occupancy vehicle (HOV3+) trips for FY 2021-22 on a monthly basis. The chart below reflects the gross potential revenue breakdown between full toll trips and HOV3+ trips for FY 2021-22 on a monthly basis. 314 6 OCTA EASTBOUND PEAK-HOUR VOLUMES Peak-hour traffic in the eastbound and westbound direction reached or exceeded 90 percent of defined capacity 15 times during the month of November 2021. As demonstrated on the next chart, westbound peak-hour traffic volumes top out at 90 percent of defined capacity.  PM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 1400 - 1500 $5.30 415 2,823 83% $5.30 362 2,645 78% $5.30 400 3,019 89% $7.70 381 2,829 83% $8.35 499 2,912 86% 1500 - 1600 $5.65 509 2,945 87% $4.75 493 2,960 87% $7.45 526 2,790 82%$7.45 566 3,091 91%$7.90 581 2,922 86% 1600 - 1700 $4.35 427 3,155 93% $4.50 400 3,232 95%$6.50 343 2,766 81% $7.00 381 2,894 85% $7.45 404 2,558 75% 1700 - 1800 $4.95 395 2,707 80% $4.90 346 2,466 73% $5.40 448 2,927 86% $6.70 419 2,826 83% $6.75 489 2,815 83% 1800 - 1900 $5.65 637 2,702 79% $4.05 576 2,910 86% $4.05 575 2,895 85% $4.50 553 2,841 84% $6.75 616 2,829 83% 1900 - 2000 $3.95 457 1,656 49% $3.95 538 2,520 74% $3.95 582 2,496 73% $5.75 649 2,793 82% $6.25 656 2,535 75%  PM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 1400 - 1500 $5.30 385 2,668 78% $5.30 369 2,876 85%$5.30 408 3,078 91%$7.70 537 2,827 83% $8.35 487 2,768 81% 1500 - 1600 $5.65 477 2,848 84%$4.75 495 3,061 90%$7.45 540 2,966 87%$7.45 649 3,059 90%$7.90 583 2,907 86% 1600 - 1700 $4.35 471 3,294 97% $4.50 469 3,241 95%$6.50 354 2,696 79% $7.00 460 2,701 79% $7.45 446 2,658 78% 1700 - 1800 $4.95 416 2,780 82% $4.90 407 2,626 77% $5.40 455 2,749 81% $6.70 541 2,629 77% $6.75 529 2,730 80% 1800 - 1900 $5.65 595 2,770 81% $4.05 641 2,917 86% $4.05 539 2,789 82% $4.50 634 2,396 70% $6.75 560 2,590 76% 1900 - 2000 $3.95 488 1,956 58% $3.95 498 2,161 64% $3.95 621 2,738 81% $5.75 622 1,899 56% $6.25 537 2,144 63%  PM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 1400 - 1500 $5.30 381 2,804 82% $5.30 394 2,740 81% $5.30 405 3,017 89% $7.70 381 2,948 87% $8.35 479 2,935 86% 1500 - 1600 $5.65 461 2,851 84% $4.75 504 3,012 89% $7.45 486 2,795 82%$7.45 565 3,198 94%$7.90 583 2,945 87% 1600 - 1700 $4.35 434 2,867 84%$4.50 445 3,221 95%$6.50 397 2,885 85% $7.00 384 2,932 86% $7.45 407 2,632 77% 1700 - 1800 $4.95 438 2,677 79% $4.90 416 2,512 74% $5.40 429 2,663 78% $6.70 454 2,734 80% $6.75 494 2,747 81% 1800 - 1900 $5.65 586 2,695 79% $4.05 633 3,040 89% $4.05 564 2,659 78% $4.50 639 2,960 87% $6.75 655 2,708 80% 1900 - 2000 $3.95 575 2,442 72% $3.95 596 2,705 80% $3.95 655 2,836 83% $5.75 610 2,691 79% $6.25 719 2,664 78%  PM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 1400 - 1500 $5.30 483 2,849 84% $5.30 516 2,857 84% $7.65 516 2,593 76% $5.45 805 2,125 63% $5.10 578 1,878 55% 1500 - 1600 $5.65 527 2,884 85% $4.75 527 2,915 86% $8.75 526 2,631 77% $5.10 852 2,183 64% $5.10 505 1,663 49% 1600 - 1700 $4.35 459 3,063 90% $4.50 499 3,138 92%$8.75 563 2,691 79% $5.10 815 1,960 58% $5.10 462 1,517 45% 1700 - 1800 $4.95 383 2,462 72% $4.90 414 2,361 69% $8.75 562 2,618 77% $5.10 686 1,670 49% $5.10 490 1,495 44% 1800 - 1900 $5.65 622 2,650 78% $4.05 627 2,799 82% $6.20 570 2,064 61% $5.45 765 1,712 50% $5.10 463 1,291 38% 1900 - 2000 $3.95 639 2,305 68% $3.95 740 2,761 81% $5.90 629 2,026 60% $5.45 741 1,646 48% $5.10 437 1,056 31%  PM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 1400 - 1500 $5.30 389 2,803 82% $5.30 360 2,744 81% 1500 - 1600 $5.65 498 2,948 87% $4.75 498 2,924 86% 1600 - 1700 $4.35 475 3,167 93% $4.50 403 3,132 92% 1700 - 1800 $4.95 453 2,723 80% $4.90 414 2,473 73% 1800 - 1900 $5.65 624 2,821 83% $4.05 597 2,900 85% 1900 - 2000 $3.95 447 1,848 54% $3.95 670 2,668 78% 12/01/21 Thursday 12/02/21 Friday 12/03/21Monday 11/29/21 Tuesday 11/30/21 Wednesday 11/24/21 Thursday 11/25/21 Friday 11/26/21Monday 11/22/21 Tuesday 11/23/21 Wednesday Thursday 11/11/21 Friday 11/12/21 Monday 11/15/21 Tuesday 11/16/21 Wednesday 11/17/21 Thursday 11/18/21 Friday 11/19/21 Thursday 11/04/21 Friday 11/05/21 Monday 11/08/21 Tuesday 11/09/21 Wednesday 11/10/21 Monday 11/01/21 Tuesday 11/02/21 Wednesday 11/03/21 315 7 OCTA WESTBOUND PEAK-HOUR VOLUMES 316 8 OCTA OPERATIONAL HIGHLIGHTS 91 Express Lanes Back-Office System (BOS) Development Update In February, Cofiroute USA, LLC (CUSA) notified OCTA and the Riverside County Transportation Commission (RCTC) of a delay to the implementation of the new BOS for the 91 Express Lanes for both Orange and Riverside counties as a result of the COVID-19 pandemic. CUSA is the current operator of the 91 Express Lanes for both OCTA and RCTC and is the firm selected for the design, development, and implementation of the new BOS, as well as the customer service center operation. To address the potential delay of transitioning to the new operating agreement, in October 2019, an amendment to the existing operating agreement was executed which allowed for six one-month extension periods. In November 2021, OCTA and RCTC (Agencies) provided notice to CUSA that the Agencies will be exercising the last of the six one-month extension period, which will commence December 1, 2021 through December 31, 2021. Also in November, both the OCTA Board of Directors and RCTC Commission approved an amendment which allowed for three additional one-month extensions, commencing January 1, 2022 through March 31, 2022. The Agencies have been working with CUSA to determine when the revised go-live date is expected and will then ask CUSA to provide an approved implementation schedule for go-live. The Agencies intend to exercise the one-month options until the transition to the new contract occurs. 91 Express Lanes Toll Entrance Gantries Infrastructure Project Update OCTA entered into an agreement with the California Department of Transportation (Caltrans) to provide construction and construction management services for the 91 Express Lanes Toll Entrance Gantries Infrastructure Project. This project entails constructing new toll gantries infrastructure at the three entrances of the OCTA 91 Express Lanes. Caltrans advertised and awarded the project in March 2021 and May 2021, respectively. In June, the contract was executed and the project kickoff meeting was held in July. Pre-construction activities began in August and was followed with construction activities which commenced in September. The project is anticipated to be completed in early 2022. During the construction period, overnight closures and possibly, a few full weekend closures, will occur. Upon completion of the infrastructure project, Kapsch TrafficCom USA, Inc., the toll lanes system integrator for the 91 Express Lanes, will install new Electronic Toll and Traffic Management system equipment onto the new gantries. 317 9 FINANCIAL HIGHLIGHTS OCTA 318 10 OPERATIONS OVERVIEW RCTC TRAFFIC AND REVENUE STATISTICS FOR RCTC Total traffic volume on the 91 Express Lanes for November 2021 was 1,431,424. This represents a daily average of 47,714 vehicles. This is a 48 percent increase in total traffic volume from the same period last year, which totaled 967,266 and was the ninth month of the COVID-19 stay-at-home order. Potential toll revenue for November was $5,402,307, which represents an increase of 70.7 percent from the prior year’s total of $3,164,962. Carpool percentage for November was 22 percent as compared to the previous year’s rate of 21 percent. As compared to November 2019, traffic volume increased by 13.2 percent and revenue increased by 1.4 percent. Month-to-date traffic and revenue data is summarized in the table below. The following trip and revenue statistics tables represent all trips taken on the Riverside County Transportation Commission (RCTC) 91 Express Lanes and associated potential revenue for the month of November 2021. Current Month-to-Date as of November 30, 2021 Trips NOV-21 MTD Actual Stantec MTD Projected # Variance % Variance Nov-20 MTD Actual Yr-to-Yr % Variance NOV-19 MTD Actual Yr 21-to-Yr 19 % Variance Full Toll Lanes 1,116,965 926,143 190,822 20.6% 763,738 46.2% 964,400 15.8% 3+ Lanes 314,459 332,029 (17,570) (5.3%)203,528 54.5% 300,201 4.7% Total Gross Trips 1,431,424 1,258,171 173,253 13.8% 967,266 48.0% 1,264,601 13.2% Revenue Full Toll Lanes $5,367,195 $4,033,114 $1,334,080 33.1% $3,133,295 71.3% $5,301,867 1.2% 3+ Lanes $35,112 $0 $35,112 $31,667 10.9% $28,411 23.6% Total Gross Revenue $5,402,307 $4,033,114 $1,369,192 33.9% $3,164,962 70.7% $5,330,279 1.4% Average Revenue per Trip Average Full Toll Lanes $4.81 $4.35 $0.46 10.6% $4.10 17.3% $5.50 (12.5%) Average 3+ Lanes $0.11 $0.00 $0.11 $0.16 (31.3%)$0.09 22.2% Average Gross Revenue $3.77 $3.21 $0.56 17.4% $3.27 15.3% $4.21 (10.5%) 319 11 The 2021 fiscal year-to-date traffic volume increased by 46.7 percent and potential toll revenue increased by 58.6 percent, when compared with the same period last year. Year-to-date average revenue per-trip is $3.67. Fiscal year-to-date traffic and revenue data are summarized in the table below. The following trip and revenue statistics tables represent all trips taken on the RCTC 91 Express Lanes and associated potential revenue for the months of July 2021 through November 2021. FY 2020-21 Year-to-Date as of November 30, 2021 Trips FY 2021-22 YTD Actual Stantec YTD Projected # Variance % Variance FY 2020-21 YTD Actual Yr-to-Yr % Variance Full Toll Lanes 5,737,389 4,765,586 971,803 20.4% 3,921,947 46.3% 3+ Lanes 1,538,167 1,661,171 (123,004) (7.4%)1,037,391 48.3% Total Gross Trips 7,275,556 6,426,757 848,799 13.2% 4,959,338 46.7% Revenue Full Toll Lanes $26,487,284 $20,570,371 $5,916,912 28.8% $16,650,865 59.1% 3+ Lanes $202,058 $0 $202,058 $179,055 12.8% Total Gross Revenue $26,689,342 $20,570,371 $6,118,971 29.7% $16,829,920 58.6% Average Revenue per Trip Average Full Toll Lanes $4.62 $4.32 $0.30 6.9% $4.25 8.7% Average 3+ Lanes $0.13 $0.00 $0.13 $0.17 (23.5%) Average Gross Revenue $3.67 $3.20 $0.47 14.7% $3.39 8.3% 320 12 RCTC Traffic and Revenue Summary The chart below reflects the total trips broken down between full toll lanes and HOV3+ lanes for FY 2021-22 on a monthly basis. The chart below reflects the gross potential revenue breakdown between full toll lanes and HOV3+ lanes for FY 2021-22 on a monthly basis. 321 13 RCTC PEAK-HOUR VOLUMES In November, no toll rates were adjusted. RCTC evaluates traffic volumes for peak period hours and adjusts rates according to the toll rate policy. RCTC EASTBOUND PEAK-HOUR VOLUMES Eastbound PM Peak - County Line to McKinley  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $5.45 203 1,013 1,216 E $7.05 174 1002 1,176 D $9.15 185 1036 1,221 E $12.25 194 997 1,191 D $26.80 274 1,023 1,297 E 1500 - 1600 $8.45 195 888 1,083 D $10.50 197 905 1,102 D $13.55 189 917 1,106 D $16.60 248 903 1,151 D $26.50 274 966 1,240 E 1600 - 1700 $7.05 170 910 1,080 D $5.45 186 873 1,059 D $7.05 165 941 1,106 D $8.45 207 992 1,199 D $15.60 239 856 1,095 D 1700 - 1800 $5.45 200 914 1,114 D $5.45 169 941 1,110 D $5.45 171 915 1,086 D $5.45 194 935 1,129 D $7.40 231 955 1,186 D 1800 - 1900 $5.45 253 818 1,071 D $5.45 237 845 1,082 D $5.45 241 872 1,113 D $5.45 237 927 1,164 D $5.45 263 972 1,235 E 1900 - 2000 $2.30 205 604 809 C $4.25 216 853 1,069 D $4.25 225 814 1,039 D $5.45 268 899 1,167 D $4.25 263 866 1,129 D  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $5.45 164 1,027 1,191 D $7.05 162 1076 1,238 E $9.15 195 1089 1,284 E $12.25 249 1,064 1,313 F $26.80 242 1,002 1,244 E 1500 - 1600 $8.45 227 889 1,116 D $10.50 189 972 1,161 D $13.55 193 989 1,182 D $16.60 293 917 1,210 E $26.50 272 976 1,248 E 1600 - 1700 $7.05 206 883 1,089 D $5.45 172 904 1,076 D $7.05 194 973 1,167 D $8.45 246 962 1,208 E $15.60 235 930 1,165 D 1700 - 1800 $5.45 168 908 1,076 D $5.45 175 904 1,079 D $5.45 183 924 1,107 D $5.45 257 872 1,129 D $7.40 232 907 1,139 D 1800 - 1900 $5.45 230 867 1,097 D $5.45 252 849 1,101 D $5.45 215 925 1,140 D $5.45 288 814 1,102 D $5.45 257 885 1,142 D 1900 - 2000 $2.30 192 716 908 C $4.25 191 744 935 C $4.25 270 903 1,173 D $5.45 284 627 911 C $4.25 271 760 1,031 D  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $5.45 196 1,003 1,199 D $7.05 181 1,076 1,257 E $9.15 191 1,067 1,258 E $12.25 186 1,109 1,295 E $26.80 226 1,000 1,226 E 1500 - 1600 $8.45 235 882 1,117 D $10.50 210 897 1,107 D $13.55 193 898 1,091 D $16.60 221 899 1,120 D $26.50 269 898 1,167 D 1600 - 1700 $7.05 166 694 860 C $5.45 178 961 1,139 D $7.05 203 978 1,181 D $8.45 198 968 1,166 D $15.60 241 954 1,195 D 1700 - 1800 $5.45 195 791 986 C $5.45 187 864 1,051 D $5.45 194 843 1,037 D $5.45 218 878 1,096 D $7.40 240 982 1,222 E 1800 - 1900 $5.45 264 830 1,094 D $5.45 259 901 1,160 D $5.45 218 858 1,076 D $5.45 231 934 1,165 D $5.45 284 948 1,232 E 1900 - 2000 $2.30 228 859 1,087 D $4.25 255 902 1,157 D $4.25 273 896 1,169 D $5.45 232 906 1,138 D $4.25 344 977 1,321 F  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $5.45 245 1,063 1,308 F $7.05 307 1,045 1,352 F $15.45 279 958 1,237 E $7.05 399 767 1,166 D $2.30 288 695 983 C 1500 - 1600 $8.45 280 931 1,211 E $10.50 279 916 1,195 D $12.10 277 967 1,244 E $4.25 394 762 1,156 D $2.30 233 624 857 C 1600 - 1700 $7.05 227 903 1,130 D $5.45 287 951 1,238 E $9.50 330 926 1,256 E $4.25 401 692 1,093 D $2.30 211 561 772 B 1700 - 1800 $5.45 194 894 1,088 D $5.45 250 872 1,122 D $7.40 292 932 1,224 E $4.25 347 590 937 C $2.30 224 468 692 B 1800 - 1900 $5.45 266 842 1,108 D $5.45 252 943 1,195 D $4.25 282 807 1,089 D $4.25 345 565 910 C $2.30 233 407 640 B 1900 - 2000 $2.30 288 813 1,101 D $4.25 358 943 1,301 F $2.30 294 699 993 C $4.25 322 487 809 C $1.60 202 298 500 B  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $5.45 150 953 1,103 D $7.05 162 1,032 1,194 D 1500 - 1600 $8.45 219 842 1,061 D $10.50 193 860 1,053 D 1600 - 1700 $7.05 190 892 1,082 D $5.45 209 870 1,079 D 1700 - 1800 $5.45 202 850 1,052 D $5.45 190 857 1,047 D 1800 - 1900 $5.45 250 807 1,057 D $5.45 236 845 1,081 D 1900 - 2000 $2.30 252 681 933 C $4.25 281 859 1,140 D Thursday 11/25/21 Friday 11/26/21 Monday 11/15/21 Tuesday 11/16/21 Wednesday 11/17/21 Wednesday 11/10/21 Thursday 11/11/21 Friday 11/12/21 11/18/21 Friday 11/19/21 Monday 11/08/21 Tuesday 11/09/21 Thursday Wednesday 11/24/21Monday11/22/21 Tuesday 11/23/21 Monday 11/29/21 Tuesday 11/30/21 Wednesday 12/01/21 Thursday 12/02/21 Friday 12/03/21 11/02/21 Wednesday 11/03/21 Thursday 11/04/21 Friday 11/05/21Monday11/01/21 Tuesday 322 14 Eastbound PM Peak - County Line to 15 SB Ontario  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $5.45 103 698 801 C $5.45 89 736 825 C $5.45 120 757 877 C $5.45 110 742 852 C $5.45 135 681 816 C 1500 - 1600 $5.45 130 676 806 C $5.45 103 702 805 C $5.45 132 679 811 C $5.45 117 697 814 C $5.45 128 622 750 B 1600 - 1700 $3.00 112 585 697 B $5.45 94 662 756 B $5.45 83 658 741 B $5.45 94 653 747 B $3.00 109 534 643 B 1700 - 1800 $3.00 106 632 738 B $3.00 92 671 763 B $3.00 112 683 795 B $3.00 112 622 734 B $3.00 123 669 792 B 1800 - 1900 $3.00 177 605 782 B $3.00 126 649 775 B $3.00 113 620 733 B $3.00 103 644 747 B $3.00 137 614 751 B 1900 - 2000 $3.00 154 476 630 B $3.00 158 667 825 C $3.00 157 657 814 C $3.00 192 677 869 C $3.00 185 676 861 C  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $5.45 131 723 854 C $5.45 118 831 949 C $5.45 114 762 876 C $5.45 154 681 835 C $5.45 138 670 808 C 1500 - 1600 $5.45 127 642 769 B $5.45 88 756 844 C $5.45 106 683 789 B $5.45 163 661 824 C $5.45 133 626 759 B 1600 - 1700 $3.00 116 649 765 B $5.45 100 644 744 B $5.45 85 654 739 B $5.45 127 617 744 B $3.00 120 611 731 B 1700 - 1800 $3.00 82 639 721 B $3.00 98 602 700 B $3.00 105 631 736 B $3.00 148 545 693 B $3.00 111 563 674 B 1800 - 1900 $3.00 117 655 772 B $3.00 133 679 812 C $3.00 121 627 748 B $3.00 169 543 712 B $3.00 130 578 708 B 1900 - 2000 $3.00 161 519 680 B $3.00 130 624 754 B $3.00 161 687 848 C $3.00 179 425 604 B $3.00 172 511 683 B  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $5.45 103 753 856 C $5.45 111 759 870 C $5.45 108 713 821 C $5.45 128 756 884 C $5.45 111 725 836 C 1500 - 1600 $5.45 103 644 747 B $5.45 104 743 847 C $5.45 122 692 814 C $5.45 112 678 790 B $5.45 145 580 725 B 1600 - 1700 $3.00 85 492 577 B $5.45 102 616 718 B $5.45 106 659 765 B $5.45 100 672 772 B $3.00 118 610 728 B 1700 - 1800 $3.00 100 541 641 B $3.00 77 580 657 B $3.00 117 606 723 B $3.00 94 553 647 B $3.00 130 584 714 B 1800 - 1900 $3.00 126 539 665 B $3.00 138 653 791 B $3.00 133 516 649 B $3.00 119 668 787 B $3.00 132 558 690 B 1900 - 2000 $3.00 175 598 773 B $3.00 163 692 855 C $3.00 172 742 914 C $3.00 188 689 877 C $3.00 213 592 805 C  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $5.45 143 763 906 C $5.45 153 682 835 C $3.00 139 519 658 B $3.00 266 477 743 B $3.00 166 406 572 B 1500 - 1600 $5.45 128 622 750 B $5.45 131 587 718 B $5.45 120 558 678 B $3.00 197 425 622 B $3.00 118 349 467 B 1600 - 1700 $3.00 118 626 744 B $5.45 127 558 685 B $3.00 156 538 694 B $3.00 240 414 654 B $2.00 120 334 454 B 1700 - 1800 $3.00 94 570 664 B $3.00 121 548 669 B $3.00 142 494 636 B $3.00 235 379 614 B $2.00 126 314 440 B 1800 - 1900 $3.00 154 624 778 B $3.00 126 630 756 B $3.00 149 525 674 B $3.00 288 411 699 B $2.00 120 301 421 B 1900 - 2000 $3.00 198 571 769 B $3.00 206 615 821 C $2.00 179 439 618 B $3.00 304 390 694 B $2.00 116 225 341 A  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $5.45 100 667 767 B $5.45 113 735 848 C 1500 - 1600 $5.45 95 642 737 B $5.45 107 669 776 B 1600 - 1700 $3.00 83 596 679 B $5.45 87 609 696 B 1700 - 1800 $3.00 114 619 733 B $3.00 113 559 672 B 1800 - 1900 $3.00 126 583 709 B $3.00 127 601 728 B 1900 - 2000 $3.00 148 477 625 B $3.00 200 701 901 C 11/11/21 Friday 11/12/21Monday11/08/21 Tuesday 11/09/21 Wednesday 11/10/21 Thursday Monday 11/22/21 Tuesday 11/23/21 Wednesday 11/24/21 Wednesday 11/17/21 Thursday 11/18/21 Friday 11/19/21Monday11/15/21 Tuesday 11/16/21 Monday 11/29/21 Tuesday 11/30/21 Thursday 11/25/21 Friday 11/26/21 Wednesday 12/01/21 Thursday 12/02/21 Friday 12/03/21 Monday 11/01/21 Tuesday 11/02/21 Wednesday 11/03/21 Thursday 11/04/21 Friday 11/05/21 323 15 RCTC WESTBOUND PEAK-HOUR VOLUMES Westbound AM Peak - McKinley to County Line  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $2.30 202 492 694 B $2.30 185 594 779 B $2.30 219 487 706 B $2.30 225 512 737 B $2.30 196 518 714 B 0500 - 0600 $11.20 368 1,181 1,549 F $11.20 346 1162 1,508 F $11.20 368 1157 1,525 F $9.45 331 1,126 1,457 F $5.45 301 1,226 1,527 F 0600 - 0700 $17.30 310 1,007 1,317 E $18.30 281 1115 1,396 F $18.30 349 1040 1,389 F $17.30 305 1,120 1,425 F $10.45 289 1,079 1,368 F 0700 - 0800 $14.30 342 1,350 1,692 F $14.30 328 1362 1,690 F $14.30 348 1341 1,689 F $13.30 330 1,352 1,682 F $9.40 301 1,273 1,574 F 0800 - 0900 $9.40 198 1,243 1,441 F $10.40 177 1488 1,665 F $10.40 215 1440 1,655 F $9.40 173 1,468 1,641 F $5.45 152 1,247 1,399 F 0900 - 1000 $5.45 171 996 1,167 D $7.05 126 1119 1,245 E $7.05 156 1217 1,373 F $7.05 169 1,177 1,346 E $4.25 141 781 922 C  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $2.30 178 584 762 B $2.30 207 564 771 B $2.30 212 637 849 C $2.30 142 382 524 B $2.30 170 536 706 B 0500 - 0600 $11.20 367 1,090 1,457 F $11.20 389 1139 1,528 F $11.20 347 1210 1,557 F $9.45 276 932 1,208 E $5.45 316 1,064 1,380 F 0600 - 0700 $17.30 349 1,092 1,441 F $18.30 362 1115 1,477 F $18.30 318 1161 1,479 F $17.30 221 760 981 C $10.45 242 848 1,090 D 0700 - 0800 $14.30 365 1,330 1,695 F $14.30 354 1330 1,684 F $14.30 355 1318 1,673 F $13.30 207 810 1,017 D $9.40 341 1,115 1,456 F 0800 - 0900 $9.40 217 1,489 1,706 F $10.40 236 1390 1,626 F $10.40 255 1474 1,729 F $9.40 203 859 1,062 D $5.45 175 944 1,119 D 0900 - 1000 $5.45 164 1,113 1,277 E $7.05 151 1067 1,218 E $7.05 166 1221 1,387 F $7.05 271 758 1,029 D $4.25 160 718 878 C  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $2.30 211 550 761 B $2.30 208 581 789 B $2.30 205 640 845 C $2.30 234 560 794 B $2.30 195 640 835 C 0500 - 0600 $11.20 369 1,153 1,522 F $11.20 383 1206 1,589 F $11.20 382 1230 1,612 F $9.45 404 1,229 1,633 F $5.45 316 1,297 1,613 F 0600 - 0700 $17.30 294 957 1,251 E $18.30 290 1076 1,366 F $18.30 313 1174 1,487 F $17.30 354 1,110 1,464 F $10.45 277 1,094 1,371 F 0700 - 0800 $14.30 356 1,156 1,512 F $14.30 359 1191 1,550 F $14.30 326 1429 1,755 F $13.30 369 1,336 1,705 F $9.40 296 1,157 1,453 F 0800 - 0900 $9.40 175 1,445 1,620 F $10.40 198 1494 1,692 F $10.40 219 1248 1,467 F $9.40 182 1,328 1,510 F $5.45 161 1,013 1,174 D 0900 - 1000 $5.45 169 1,161 1,330 E $7.05 145 835 980 C $7.05 187 1115 1,302 E $7.05 173 1,189 1,362 F $4.25 145 814 959 C  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $2.30 231 592 823 C $2.30 232 558 790 B $2.30 200 531 731 B $1.60 20 25 45 A $1.60 24 52 76 A 0500 - 0600 $11.20 324 1,229 1,553 F $11.20 361 1207 1,568 F $7.05 294 960 1,254 E $1.60 25 49 74 A $1.60 45 130 175 A 0600 - 0700 $17.30 242 1,179 1,421 F $18.30 259 1091 1,350 E $5.45 292 1121 1,413 F $1.60 29 67 96 A $1.60 57 198 255 A 0700 - 0800 $14.30 249 1,313 1,562 F $14.30 291 1187 1,478 F $5.45 233 1024 1,257 E $1.60 43 133 176 A $1.60 82 249 331 A 0800 - 0900 $9.40 192 1,217 1,409 F $10.40 218 1078 1,296 E $4.25 202 794 996 C $1.60 75 178 253 A $1.60 105 292 397 A 0900 - 1000 $5.45 205 1,021 1,226 E $7.05 238 1034 1,272 E $2.30 187 687 874 C $1.60 132 303 435 B $2.30 173 466 639 B  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $2.30 284 911 1,195 D $2.30 181 635 816 C 0500 - 0600 $11.20 394 1,214 1,608 F $11.20 350 1,308 1,658 F 0600 - 0700 $17.30 327 1,041 1,368 F $18.30 294 1,107 1,401 F 0700 - 0800 $14.30 337 1,352 1,689 F $14.30 310 1,387 1,697 F 0800 - 0900 $9.40 189 1,300 1,489 F $10.40 165 1,376 1,541 F 0900 - 1000 $5.45 169 1,008 1,177 D $7.05 163 1,088 1,251 E 11/19/21Thursday 12/02/21 Friday 12/03/21 Thursday 11/25/21 Friday 11/26/21 Thursday Monday 11/15/21 Tuesday 11/16/21 Wednesday 11/17/21 Wednesday 11/10/21 Thursday 11/11/21 Friday 11/12/21Monday11/08/21 Tuesday 11/09/21 11/18/21 Friday Monday 11/29/21 Tuesday 11/30/21 Wednesday 12/01/21 Wednesday 11/24/21Monday11/22/21 Tuesday 11/23/21 11/03/21 Thursday 11/04/21 Friday 11/05/21Monday11/01/21 Tuesday 11/02/21 Wednesday 324 16 Westbound AM Peak - I-15 North to County Line  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $3.00 141 449 590 B $3.00 129 546 675 B $3.00 178 485 663 B $3.00 150 503 653 B $3.00 111 475 586 B 0500 - 0600 $7.00 251 1,084 1,335 E $7.00 225 1178 1,403 F $7.00 248 1200 1,448 F $7.00 220 1,158 1,378 E $5.45 192 1,047 1,239 E 0600 - 0700 $9.00 280 1,250 1,530 F $9.00 240 1232 1,472 F $9.00 260 1248 1,508 F $9.00 252 1,252 1,504 F $7.00 226 1,091 1,317 E 0700 - 0800 $9.00 204 1,165 1,369 E $9.00 200 1398 1,598 F $9.00 198 1294 1,492 F $9.00 175 1,342 1,517 F $7.00 167 1,037 1,204 E 0800 - 0900 $7.00 130 1,031 1,161 D $7.00 101 1172 1,273 E $7.00 126 1246 1,372 E $7.00 129 1,158 1,287 E $5.45 70 907 977 C 0900 - 1000 $5.45 142 753 895 C $5.45 105 870 975 C $5.45 102 953 1,055 D $5.45 119 924 1,043 D $3.00 105 696 801 C  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $3.00 127 594 721 B $3.00 174 553 727 B $3.00 142 542 684 B $3.00 85 325 410 B $3.00 120 406 526 B 0500 - 0600 $7.00 230 1,094 1,324 E $7.00 266 1233 1,499 F $7.00 247 1296 1,543 F $7.00 189 773 962 C $5.45 221 970 1,191 D 0600 - 0700 $9.00 259 1,160 1,419 F $9.00 317 1333 1,650 F $9.00 272 1255 1,527 F $9.00 187 893 1,080 D $7.00 232 914 1,146 D 0700 - 0800 $9.00 226 1,357 1,583 F $9.00 206 1315 1,521 F $9.00 218 1326 1,544 F $9.00 142 869 1,011 D $7.00 158 925 1,083 D 0800 - 0900 $7.00 134 1,139 1,273 E $7.00 142 1184 1,326 E $7.00 127 1125 1,252 E $7.00 135 766 901 C $5.45 120 814 934 C 0900 - 1000 $5.45 106 820 926 C $5.45 105 951 1,056 D $5.45 131 955 1,086 D $5.45 215 702 917 C $3.00 140 699 839 C  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $3.00 167 534 701 B $3.00 182 530 712 B $3.00 162 585 747 B $3.00 163 535 698 B $3.00 122 483 605 B 0500 - 0600 $7.00 271 1,240 1,511 F $7.00 242 1267 1,509 F $7.00 248 1272 1,520 F $7.00 287 1,234 1,521 F $5.45 182 1,105 1,287 E 0600 - 0700 $9.00 253 1,046 1,299 E $9.00 250 1237 1,487 F $9.00 254 1232 1,486 F $9.00 289 1,195 1,484 F $7.00 228 1,058 1,286 E 0700 - 0800 $9.00 201 1,240 1,441 F $9.00 191 1149 1,340 E $9.00 185 1327 1,512 F $9.00 209 1,149 1,358 E $7.00 152 1,038 1,190 D 0800 - 0900 $7.00 107 1,177 1,284 E $7.00 114 1299 1,413 F $7.00 115 1059 1,174 D $7.00 113 1,114 1,227 E $5.45 108 823 931 C 0900 - 1000 $5.45 100 826 926 C $5.45 59 372 431 B $5.45 117 924 1,041 D $5.45 117 888 1,005 D $3.00 93 712 805 C  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $3.00 159 531 690 B $3.00 152 494 646 B $3.00 136 407 543 B $2.00 19 42 61 A $2.00 23 59 82 A 0500 - 0600 $7.00 225 1,219 1,444 F $7.00 260 1133 1,393 E $7.00 216 944 1,160 D $2.00 23 50 73 A $2.00 28 156 184 A 0600 - 0700 $9.00 189 1,273 1,462 F $9.00 213 1196 1,409 F $5.45 168 900 1,068 D $2.00 25 73 98 A $2.00 59 213 272 A 0700 - 0800 $9.00 150 1,053 1,203 E $9.00 137 1002 1,139 D $3.00 130 825 955 C $2.00 39 95 134 A $2.00 56 211 267 A 0800 - 0900 $7.00 136 989 1,125 D $7.00 139 935 1,074 D $3.00 117 696 813 C $2.00 73 163 236 A $2.00 84 273 357 A 0900 - 1000 $5.45 158 759 917 C $5.45 165 843 1,008 D $3.00 132 583 715 B $2.00 111 226 337 A $2.00 117 363 480 B  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $3.00 157 577 734 B $3.00 142 611 753 B 0500 - 0600 $7.00 257 1,105 1,362 E $7.00 211 1,288 1,499 F 0600 - 0700 $9.00 277 1,229 1,506 F $9.00 238 1,251 1,489 F 0700 - 0800 $9.00 178 1,156 1,334 E $9.00 170 1,211 1,381 E 0800 - 0900 $7.00 125 1,009 1,134 D $7.00 103 1,137 1,240 E 0900 - 1000 $5.45 106 786 892 C $5.45 132 958 1,090 D Thursday 11/11/21 Friday 11/12/21Monday11/08/21 Tuesday 11/09/21 Wednesday 11/10/21 Monday 11/22/21 Tuesday 11/23/21 Wednesday 11/24/21 Wednesday 11/17/21 Thursday 11/18/21 Friday 11/19/21Monday11/15/21 Tuesday 11/16/21 Thursday 11/25/21 Friday 11/26/21 Thursday 12/02/21 Friday 12/03/21Monday11/29/21 Tuesday 11/30/21 Wednesday 12/01/21 Monday 11/01/21 Tuesday 11/02/21 Wednesday 11/03/21 Thursday 11/04/21 Friday 11/05/21 325 17 RCTC OPERATIONAL HIGHLIGHTS On-Road Operations RCTC Freeway Service Patrol responded to 106 calls during the month of November. Of those calls, 73 were to assist disabled vehicles, 9 calls to remove debris, and 24 were in response to accidents that affected the Express Lanes. 91 Express Lanes BOS Development Update In February, Cofiroute USA, LLC (CUSA) notified OCTA and the Riverside County Transportation Commission (RCTC) of a delay to the implementation of the new BOS for the 91 Express Lanes for both Orange and Riverside counties as a result of the COVID-19 pandemic. CUSA is the current operator of the 91 Express Lanes for both OCTA and RCTC and is the firm selected for the design, development, and implementation of the new BOS, as well as the customer service center operation. To address the potential delay of transitioning to the new operating agreement, in October 2019, an amendment to the existing operating agreement was executed which allowed for six one-month extension periods. In November 2021, OCTA and RCTC (Agencies) provided notice to CUSA that the Agencies will be exercising the last of the six one-month extension period, which will commence December 1, 2021 through December 31, 2021. Also in November, both the OCTA Board of Directors and RCTC Commission approved an amendment which allowed for three additional one-month extensions, commencing January 1, 2022 through March 31, 2022. The Agencies have been working with CUSA to determine when the revised go-live date is expected and will then ask CUSA to provide an approved implementation schedule for go-live. The Agencies intend to exercise the one-month options until the transition to the new contract occurs. 326 18 FINANCIAL HIGHLIGHTS RCTC RCTC 91 Express Lanes Operating Statement 11/30/2021 Description Budget Dollar $ Percent (%) Operating revenues: Toll Revenue 24,359,096.52$ 14,931,250.00$ 9,427,846.52$ 63.1 Fee Revenue 2,880,931.28 2,382,041.67 498,889.61 20.9 Total operating revenues 27,240,027.80 17,313,291.67 9,926,736.13 57.3 Operating expenses: Salaries and Benefits 199,156.47 355,333.33 156,176.86 44.0 Legal Services 18,982.97 86,958.33 67,975.36 78.2 Advisory Services 17,773.39 2,083.33 (15,690.06) (753.1) Audit and Accounting Fees 29,775.00 15,000.00 (14,775.00) (98.5) Service Fees - 7,791.67 7,791.67 100.0 Other Professional Services 192,246.48 523,250.00 331,003.52 63.3 Lease Expense 94,545.12 132,958.33 38,413.21 28.9 Operations 684,561.59 1,507,416.67 822,855.08 54.6 Utilities 6,049.26 27,125.00 21,075.74 77.7 Supplies and Materials 6,103.59 13,958.33 7,854.74 56.3 Membership and Subscription Fees 7,186.50 12,500.00 5,313.50 42.5 Office Equipment & Furniture (Non-Capital)- 33,333.33 33,333.33 100.0 Maintenance/Repairs 86,266.71 128,583.33 42,316.62 32.9 Training Seminars and Conferences 2,365.10 666.67 (1,698.43) (254.8) Transportation Expenses - 1,041.67 1,041.67 100.0 Lodging - 541.67 541.67 100.0 Meals - 1,250.00 1,250.00 100.0 Other Staff Expenses 90.00 125.00 35.00 28.0 Advertising - 89,583.33 89,583.33 100.0 Program Management 12,968.54 34,625.00 21,656.46 62.5 Program Operations 2,727,159.72 3,489,250.00 762,090.28 21.8 Litigation Settlement 687.06 - (687.06) N/A Furniture & Equipment - 31,250.00 31,250.00 100.0 Improvements 24,997.50 22,916.67 (2,080.83) (9.1) Bad Debt Expense 45,624.60 - (45,624.60) N/A Total operating expenses 4,156,539.60 6,517,541.67 2,361,002.07 36.2 Operating income (loss)23,083,488.20 10,795,750.00 12,287,738.20 113.8 Nonoperating revenues (expenses): Interest Revenue 39,334.80 62,291.67 (22,956.87) 36.9 Other Miscellaneous Revenue 17.39 - 17.39 N/A Loss on Refunding (6,733,662.41) - (6,733,662.41) N/A Principal Expense - - - N/A Interest Expense (9,476,129.92) (3,767,041.67) (5,709,088.25) 151.6 Total nonoperating revenues (expenses)(16,170,440.14) (3,704,750.00) (12,465,690.14) (336.5) Transfers In - - - N/A Transfers Out (48,900.00) (447,791.67) 398,891.67 (89.1) Net income (loss) 6,864,148.06$ 6,643,208.33$ 220,939.73$ 3.3 1 Unaudited YTD as of : YTD Variance Actual1 327 19 JOINT AGENCY TRIP AND REVENUE STATISTICS JOINT AGENCY TRAFFIC STATISTICS MULTI AGENCY TRIP AND REVENUE STATISTICS MONTH ENDING November 30, 2021 MTD Transactions by Agency Transactions Using Both Segments % Using Both Segments Revenue Westbound OCTA 845,738 468,128 55% $2,351,954 RCTC 774,059 468,128 60% $3,148,346 I -15 339,050 263,884 78% $1,239,002 McKinley 435,009 204,244 47% $1,909,344 Eastbound OCTA 822,997 548,592 67% $2,773,302 RCTC 657,365 548,592 83% $2,253,961 I -15 251,626 201,608 80%$626,455 McKinley 405,739 346,984 86% $1,627,505 328 20 JOINT AGENCY PERFORMANCE MEASURES JOINT AGENCY TRANSPONDER DISTRIBUTION Nov-21 Performance CUSTOMER SERVICE Call Wait Time Monthly Not to exceed 2 minutes 1:40 Abandon Rate Monthly No more than 4.0% 2.2% Customer Satisfaction Monthly At least 75 outbound calls 77 VIOLATION PROCESSING Response Time Monthly Within 2 business days of receipt 1.1 CUSA Violation Collection Rate Quarterly 70% or more CUSA Violation Collection Rate Annually 74% or more TRAFFIC OPERATIONS Initial & Secondary Reviews Monthly Equal to or less than 15 days 2.9 * Plate Misread Errors Monthly Equal to or less than 0.4% 0.05% ACCOUNTING Monthly No more than 3 0 Monthly No more than 3 0 INFORMATION TECHNOLOGY Back-office System Uptime Monthly 99% Availability 100% Network Uptime Monthly 99% Availability 100% CUSA = Cofiroute USA; CAS = OCTA Customer Assistance Specialists * Plate Misread Error performance is current after a 60-day hold-back period; therefore, percentage reported here is for two months prior to the month of this report. OCTA Exceptions RCTC Exceptions REPORTING REQUIREMENT Reporting P eriod PERFORMANCE STANDARD Tags % of Total Tags % of Total Issued To New Accounts 2,005 32.4% 3,495 45.1% 8,180 85.5% Additional Tags to Existing Accounts 4,175 67.5% 4,245 54.8% 1,379 14.4% Replacement Transponders 3 0.0% 5 0.1% 13 0.1% Total Issued 6,183 7,745 9,572 Returned Account Closures Accounts Downsizing Defective Transponders Total Returned 6C TRANSPONDER DISTRIBUTION November-21 October-21 FY 2021-22 Average To-Date 329 21 At the end of November 2021, the 91 Express Lanes had 159,272 active customer accounts and 618,691 transponders classified as assigned. Number of Accounts by FY As of November 30, 2021 Incoming Email Activity During November, the Anaheim Processing Center received 2,992 emails. 330 Orange County Transportation Authority Riverside County Transportation Commission Status Report December 2021 As of December 31, 2021 ATTACHMENT 6 331 2 Table of Contents Operations Overview OCTA ............................................................................................ 3 Traffic and Revenue Statistics for OCTA ......................................................................... 3 OCTA Traffic and Revenue Summary ............................................................................. 5 OCTA Eastbound Peak-Hour Volumes ........................................................................... 6 OCTA Westbound Peak-Hour Volumes .......................................................................... 7 OCTA Operational Highlights .......................................................................................... 8 Financial Highlights OCTA .............................................................................................. 9 Operations Overview RCTC .......................................................................................... 10 Traffic and Revenue Statistics for RCTC ....................................................................... 10 RCTC Traffic and Revenue Summary ........................................................................... 12 RCTC Peak-Hour Volumes ........................................................................................... 13 RCTC Eastbound Peak-Hour Volumes ......................................................................... 13 RCTC Westbound Peak-Hour Volumes ........................................................................ 15 RCTC Operational Highlights ........................................................................................ 17 Financial Highlights RCTC ............................................................................................ 18 Joint Agency Trip and Revenue Statistics ..................................................................... 19 Joint Agency Traffic Statistics ....................................................................................... 19 Joint Agency Performance Measures............................................................................ 20 Joint Agency Transponder Distribution.......................................................................... 20 Incoming Email Activity ................................................................................................. 21 332 3 OPERATIONS OVERVIEW OCTA TRAFFIC AND REVENUE STATISTICS FOR OCTA Total traffic volume on the 91 Express Lanes for December 2021 was 1,639,151. This represents a daily average of 52,876 vehicles. This is a 51.4 percent increase in total traffic volume from the same period last year, which totaled 1,082,747 and was the tenth month of the State of California’s stay-at-home orders due to the coronavirus (COVID-19) pandemic. Potential toll revenue for December was $5,001,697, which represents an increase of 41.4 percent from the prior year’s total of $3,537,895. Carpool percentage for December was 24.1 percent as compared to the previous year’s rate of 21.3 percent. As compared to December 2019, traffic volume increased by 13.8 percent and revenue increased by 15.3 percent. Month-to-date traffic and revenue data is summarized in the table below. The following trip and revenue statistics tables represent all trips taken on the Orange County Transportation Authority (OCTA) 91 Express Lanes and associated potential revenue for the month of December 2021. Current Month-to-Date (MTD) as of December 31, 2021 Trips Dec-21 MTD Actual Dec-20 MTD Actual Yr 21-to-Yr 20 % Variance Dec-19 MTD Actual Yr 21-to-Yr 19 % Variance Full Toll Lanes 1,244,301 852,110 46.0% 1,059,346 17.5% 3+ Lanes 394,850 230,637 71.2% 380,890 3.7% Total Gross Trips 1,639,151 1,082,747 51.4% 1,440,236 13.8% Revenue Full Toll Lanes $4,947,290 $3,488,629 41.8% $4,269,308 15.9% 3+ Lanes $54,407 $49,266 10.4% $68,991 (21.1%) Total Gross Revenue $5,001,697 $3,537,895 41.4% $4,338,299 15.3% Average Revenue per Trip Average Full Toll Lanes $3.98 $4.09 (2.7%)$4.03 (1.2%) Average 3+ Lanes $0.14 $0.21 (33.3%)$0.18 (22.2%) Average Gross Revenue $3.05 $3.27 (6.7%)$3.01 1.3% 333 4 The 2021 fiscal year-to-date traffic volume increased by 45.9 percent and potential toll revenue increased by 38.3 percent, when compared with the same period last year. Year-to-date average revenue per trip is $3.08. Fiscal year-to-date traffic and revenue data are summarized in the table below. The following trip and revenue statistics tables represent all trips taken on the OCTA 91 Express Lanes and associated potential revenue for the months of July 2021 through December 2021. Fiscal Year (FY) 2020-21 Year-to-Date (YTD) as of December 31, 2021 Trips FY 2021-22 YTD Actual FY 2020-21 YTD Actual Yr-to-Yr % Variance Full Toll Lanes 7,821,944 5,431,491 44.0% 3+ Lanes 2,328,518 1,525,760 52.6% Total Gross Trips 10,150,462 6,957,251 45.9% Revenue Full Toll Lanes $30,958,257 $22,298,744 38.8% 3+ Lanes $301,245 $302,149 (0.3%) Total Gross Revenue $31,259,502 $22,600,893 38.3% Average Revenue per Trip Average Full Toll Lanes $3.96 $4.11 (3.6%) Average 3+ Lanes $0.13 $0.20 (35.0%) Average Gross Revenue $3.08 $3.25 (5.2%) 334 5 OCTA Traffic and Revenue Summary The chart below reflects the total trips breakdown between full toll trips and high-occupancy vehicle (HOV3+) trips for FY 2021-22 on a monthly basis. The chart below reflects the gross potential revenue breakdown between full toll trips and HOV3+ trips for FY 2021-22 on a monthly basis. 335 6 OCTA EASTBOUND PEAK-HOUR VOLUMES Peak-hour traffic in the eastbound and westbound direction reached or exceeded 90 percent of defined capacity 11 times during the month of December 2021. As demonstrated on the next chart, westbound peak-hour traffic volumes top out at 83 percent of defined capacity.  PM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 1400 - 1500 $5.30 404 2,927 86% $7.70 354 2,792 82% $8.35 403 2,288 67% 1500 - 1600 $7.45 522 2,812 83% $7.45 525 3,004 88%$7.90 597 3,091 91% 1600 - 1700 $6.50 350 2,731 80% $7.00 392 2,839 84% $7.45 483 2,911 86% 1700 - 1800 $5.40 457 2,737 81% $6.70 510 2,963 87% $6.75 533 2,936 86% 1800 - 1900 $4.05 608 2,886 85% $4.50 585 2,749 81% $6.75 568 2,491 73% 1900 - 2000 $3.95 647 2,761 81% $5.75 611 2,569 76% $6.25 645 2,344 69%  PM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 1400 - 1500 $5.30 411 2,990 88% $5.30 390 2,850 84%$5.30 400 3,168 93%$7.70 416 2,869 84% $8.35 452 2,915 86% 1500 - 1600 $5.65 489 2,939 86%$4.75 522 3,121 92%$7.45 485 2,892 85%$7.45 511 3,063 90%$7.90 543 2,915 86% 1600 - 1700 $4.35 447 3,056 90% $4.50 369 3,095 91%$6.50 386 2,962 87% $7.00 363 2,773 82% $7.45 402 2,656 78% 1700 - 1800 $4.95 470 2,761 81% $4.90 443 2,495 73% $5.40 502 2,805 83% $6.70 495 2,965 87% $6.75 514 2,791 82% 1800 - 1900 $5.65 624 2,844 84% $4.05 605 3,006 88% $4.05 614 2,821 83% $4.50 549 2,308 68% $6.75 648 2,734 80% 1900 - 2000 $3.95 499 1,901 56% $3.95 505 2,052 60% $3.95 494 2,097 62% $5.75 388 1,529 45% $6.25 698 2,597 76%  PM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 1400 - 1500 $5.30 421 2,916 86% $5.30 333 2,186 64% $5.30 365 3,015 89% $7.70 415 2,983 88% $8.35 506 2,793 82% 1500 - 1600 $5.65 543 3,022 89% $4.75 469 2,705 80% $7.45 534 2,882 85% $7.45 514 3,018 89% $7.90 562 2,964 87% 1600 - 1700 $4.35 454 3,178 93%$4.50 376 2,611 77% $6.50 401 2,862 84% $7.00 412 2,893 85% $7.45 411 2,622 77% 1700 - 1800 $4.95 424 2,655 78% $4.90 374 1,962 58% $5.40 449 2,807 83% $6.70 467 2,744 81% $6.75 558 2,915 86% 1800 - 1900 $5.65 669 2,853 84% $4.05 357 1,673 49% $4.05 590 2,925 86% $4.50 634 2,825 83% $6.75 570 2,732 80% 1900 - 2000 $3.95 425 1,720 51% $3.95 321 1,158 34% $3.95 686 2,770 81% $5.75 676 2,568 76% $6.25 743 2,583 76%  PM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 1400 - 1500 $5.30 476 2,938 86% $5.30 435 2,790 82%$5.30 442 3,060 90%$8.35 538 2,607 77% $6.20 672 2,119 62% 1500 - 1600 $5.65 503 2,881 85%$4.75 498 3,069 90%$7.45 547 2,808 83% $7.90 578 2,543 75% $6.20 750 2,064 61% 1600 - 1700 $4.35 460 3,000 88%$4.50 487 3,238 95%$6.50 392 2,536 75% $7.45 486 2,458 72% $6.20 781 2,026 60% 1700 - 1800 $4.95 412 2,486 73% $4.90 417 2,353 69% $5.40 510 2,878 85% $6.75 473 2,053 60% $6.20 750 1,936 57% 1800 - 1900 $5.65 645 2,674 79% $4.05 646 2,658 78% $4.05 626 2,846 84% $6.75 468 1,712 50% $6.20 319 912 27% 1900 - 2000 $3.95 631 2,256 66% $3.95 642 2,459 72% $3.95 586 2,092 62% $6.25 425 1,363 40% $6.20 698 1,628 48%  PM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 1400 - 1500 $5.30 484 2,514 74% $5.30 518 2,511 74% $5.30 467 2,550 75% $8.35 463 2,282 67% $5.30 453 1,549 46% 1500 - 1600 $5.65 494 2,252 66% $4.75 541 2,581 76% $7.45 498 2,250 66% $7.90 487 2,203 65% $5.30 480 1,632 48% 1600 - 1700 $4.35 536 2,672 79%$4.50 535 3,145 93%$6.50 371 2,097 62% $7.45 348 1,807 53% $5.30 443 1,458 43% 1700 - 1800 $4.95 427 2,089 61% $4.90 473 2,372 70% $5.40 418 1,958 58% $6.75 400 1,715 50% $5.30 505 1,475 43% 1800 - 1900 $5.65 454 1,581 47% $4.05 551 1,966 58% $4.05 503 1,878 55% $6.75 399 1,381 41% $5.30 513 1,267 37% 1900 - 2000 $3.95 331 1,085 32% $3.95 479 1,343 40% $3.95 344 1,107 33% $6.25 345 1,062 31% $4.80 371 908 27% 12/29/21 Thursday 12/30/21 Friday 12/31/21Monday 12/27/21 Tuesday 12/28/21 Wednesday 12/22/21 Thursday 12/23/21 Friday 12/24/21Monday 12/20/21 Tuesday 12/21/21 Wednesday Thursday 12/09/21 Friday 12/10/21 Monday 12/13/21 Tuesday 12/14/21 Wednesday 12/15/21 Thursday 12/16/21 Friday 12/17/21 Thursday 12/02/21 Friday 12/03/21 Monday 12/06/21 Tuesday 12/07/21 Wednesday 12/08/21 Monday 11/29/21 Tuesday 11/30/21 Wednesday 12/01/21 336 7 OCTA WESTBOUND PEAK-HOUR VOLUMES  AM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 0400 - 0500 $3.15 513 1,616 48% $3.15 511 1,645 48% $3.15 446 1,418 42% 0500 - 0600 $5.10 700 2,757 81% $5.10 733 2,812 83% $4.85 703 2,625 77% 0600 - 0700 $5.30 639 2,696 79% $5.30 630 2,743 81% $5.10 576 2,495 73% 0700 - 0800 $5.80 531 2,542 75% $5.80 539 2,521 74% $5.65 487 2,272 67% 0800 - 0900 $5.30 287 2,247 66% $5.30 309 2,433 72% $5.10 290 2,157 63% 0900 - 1000 $4.20 327 2,451 72% $4.20 327 2,481 73% $4.20 251 1,829 54%  AM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 0400 - 0500 $3.15 466 1,626 48% $3.15 460 1,526 45% $3.15 498 1,677 49% $3.15 475 1,582 47% $3.15 424 1,503 44% 0500 - 0600 $5.10 727 2,734 80% $5.10 722 2,586 76% $5.10 714 2,746 81% $5.10 692 2,683 79% $4.85 684 2,635 78% 0600 - 0700 $5.30 602 2,643 78% $5.30 594 2,520 74% $5.30 612 2,729 80% $5.30 603 2,483 73% $5.10 602 2,538 75% 0700 - 0800 $5.80 534 2,540 75% $5.80 531 2,610 77% $5.80 552 2,700 79% $5.80 462 2,129 63% $5.65 466 2,233 66% 0800 - 0900 $5.30 300 2,391 70% $5.30 289 2,562 75% $5.30 312 2,602 77% $5.30 284 2,177 64% $5.10 319 2,215 65% 0900 - 1000 $4.20 311 2,398 71% $4.20 311 2,727 80% $4.20 319 2,532 74% $4.20 276 2,167 64% $4.20 304 2,286 67%  AM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 0400 - 0500 $3.15 498 1,631 48% $3.15 493 1,456 43% $3.15 464 1,497 44% $3.15 450 1,455 43% $3.15 390 1,270 37% 0500 - 0600 $5.10 696 2,787 82% $5.10 641 2,397 71% $5.10 736 2,788 82% $5.10 705 2,722 80% $4.85 634 2,550 75% 0600 - 0700 $5.30 606 2,493 73% $5.30 398 1,632 48% $5.30 574 2,486 73% $5.30 589 2,571 76% $5.10 595 2,477 73% 0700 - 0800 $5.80 505 2,483 73% $5.80 427 1,869 55% $5.80 523 2,520 74% $5.80 486 2,470 73% $5.65 447 2,185 64% 0800 - 0900 $5.30 287 2,152 63% $5.30 264 2,066 61% $5.30 294 2,377 70% $5.30 312 2,387 70% $5.10 312 2,209 65% 0900 - 1000 $4.20 306 2,260 66% $4.20 271 1,895 56% $4.20 317 2,449 72% $4.20 315 2,489 73% $4.20 363 2,333 69%  AM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 0400 - 0500 $3.15 417 1,466 43% $3.15 414 1,378 41% $3.15 378 1,256 37% $3.15 258 885 26% $1.75 107 333 10% 0500 - 0600 $5.10 663 2,662 78% $5.10 688 2,554 75% $5.10 680 2,517 74% $4.85 469 1,812 53% $1.75 89 315 9% 0600 - 0700 $5.30 389 2,329 69% $5.30 420 2,300 68% $5.30 402 2,101 62% $5.10 314 1,486 44% $1.75 78 363 11% 0700 - 0800 $5.80 343 2,108 62% $5.80 347 2,053 60% $5.80 356 1,938 57% $5.65 230 1,283 38% $1.75 99 473 14% 0800 - 0900 $5.30 337 2,245 66% $5.30 344 1,948 57% $5.30 306 1,858 55% $5.10 253 1,617 48% $3.15 175 849 25% 0900 - 1000 $4.20 412 2,400 71% $4.20 374 2,135 63% $4.20 382 2,316 68% $4.20 345 1,795 53% $3.30 313 1,264 37%  AM Time Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. Price HOV Vol. Cap. 0400 - 0500 $3.15 301 915 27% $3.15 346 1,073 32% $3.15 279 867 26% $3.15 249 728 21% $1.75 76 202 6% 0500 - 0600 $5.10 415 1,604 47% $5.10 512 1,914 56% $5.10 437 1,447 43% $4.85 364 1,195 35% $1.75 111 371 11% 0600 - 0700 $5.30 234 1,213 36% $5.30 286 1,450 43% $5.30 239 1,153 34% $5.10 225 998 29% $1.75 94 385 11% 0700 - 0800 $5.80 191 1,060 31% $5.80 244 1,247 37% $5.80 201 1,088 32% $5.65 211 1,093 32% $1.75 111 491 14% 0800 - 0900 $5.30 191 1,169 34% $5.30 250 1,459 43% $5.30 212 1,214 36% $5.10 165 1,053 31% $1.75 136 659 19% 0900 - 1000 $4.20 241 1,250 37% $4.20 349 1,591 47% $4.20 250 1,261 37% $4.20 207 1,157 34% $3.15 238 915 27% Monday 12/27/21 Tuesday 12/28/21 Wednesday 12/29/21 Thursday 12/16/21 Friday 12/17/21 12/22/21 Thursday 12/30/21 Friday 12/31/21 Thursday 12/23/21 Friday 12/24/21 12/15/21 Monday 12/20/21 Tuesday 12/21/21 Wednesday Monday 12/13/21 Tuesday 12/14/21 Wednesday 12/08/21 Thursday 12/09/21 Friday 12/10/21Monday 12/06/21 Tuesday 12/07/21 Wednesday 12/01/21 Thursday 12/02/21 Friday 12/03/21Monday 11/29/21 Tuesday 11/30/21 Wednesday 337 8 OCTA OPERATIONAL HIGHLIGHTS 91 Express Lanes Back-Office System (BOS) Development Update In February 2021, Cofiroute USA, LLC (CUSA) notified OCTA and the Riverside County Transportation Commission (RCTC) of a delay to the implementation of the new BOS for the 91 Express Lanes for both Orange and Riverside counties as a result of the COVID-19 pandemic. CUSA is the current operator of the 91 Express Lanes for both OCTA and RCTC (Agencies) and is the firm selected for the design, development, and implementation of the new BOS, as well as the customer service center operation. To address the potential delay of transitioning to the new operating agreement, in October 2019, an amendment to the existing operating agreement was executed which allowed for six one-month extension periods, from July 1, 2021 through December 31, 2021. In anticipation the transition will not occur by December 31, in October 2021, both the OCTA and RCTC Board of Directors approved a subsequent amendment which allowed for three one-month extensions, commencing January 1, 2022 through March 31, 2022. In December, the Agencies provided notice to CUSA that the first extension period, commencing January 1, 2022 through January 31, 2022 will be exercised. The Agencies intend to exercise the one-month options until the transition to the new contract occurs, which is anticipated for early March 2022. 91 Express Lanes Toll Entrance Gantries Infrastructure Project Update OCTA entered into an agreement with the California Department of Transportation (Caltrans) to provide construction and construction management services for the 91 Express Lanes Toll Entrance Gantries Infrastructure Project. This project entails constructing new toll gantries infrastructure at the three entrances (Northbound 55, Eastbound 91 and Westbound 91) of the OCTA 91 Express Lanes. Caltrans advertised and awarded the project in March 2021 and May 2021, respectively. In June, the contract was executed and the project kickoff meeting was held in July. Pre-construction activities began in August and was followed with construction activities which commenced in September. In December, staff was notified of a drainage conflict with where the new Westbound 91 gantry was to be installed. Staff is working with the Plans, Specifications, and Estimates consultant and Caltrans to address the issue. The project is anticipated to be completed in early 2022. During the construction period, overnight closures and possibly, a few full weekend closures, will occur. Upon completion of the infrastructure project, Kapsch TrafficCom USA, Inc., the toll lanes system integrator for the 91 Express Lanes, will install new Electronic Toll and Traffic Management system equipment onto the new gantries. 338 9 FINANCIAL HIGHLIGHTS OCTA Capital Asset Activity During the six months ending December 31, 2021, capital asset activities included payment of $364,399 attributing to the Electronic Toll and Traffic Management system project. 339 10 OPERATIONS OVERVIEW RCTC TRAFFIC AND REVENUE STATISTICS FOR RCTC Total traffic volume on the 91 Express Lanes for December 2021 was 1,397,838. This represents a daily average of 45,092 vehicles. This is a 53 percent increase in total traffic volume from the same period last year, which totaled 913,325 and was the tenth month of the State of California’s stay-at-home orders due to the coronavirus (COVID-19) pandemic. Potential toll revenue for December was $5,220,309, which represents an increase of 66 percent from the prior year’s total of $3,144,150. Carpool percentage for December was 22.8 percent as compared to the previous year’s rate of 20.1 percent. As compared to December 2019, traffic volume increased by 11.4 percent and revenue decreased by 1.1 percent. Month-to-date traffic and revenue data is summarized in the table below. The following trip and revenue statistics tables represent all trips taken on the Riverside County Transportation Commission (RCTC) 91 Express Lanes and associated potential revenue for the month of December 2021. Current Month-to-Date as of December 31, 2021 Trips DEC-21 MTD Actual Stantec MTD Projected # Variance % Variance Dec-20 MTD Actual Yr-to-Yr % Variance Dec-19 MTD Actual Yr 21-to-Yr 19 % Variance Full Toll Lanes 1,079,651 852,714 226,937 26.6% 729,424 48.0% 945,151 14.2% 3+ Lanes 318,187 331,486 (13,299) (4.0%)183,901 73.0% 309,435 2.8% Total Gross Trips 1,397,838 1,184,200 213,638 18.0% 913,325 53.0% 1,254,586 11.4% Revenue Full Toll Lanes $5,178,614 $3,722,886 $1,455,729 39.1% $3,109,143 66.6% $5,238,975 (1.2%) 3+ Lanes $41,695 $0 $41,695 $35,008 19.1% $38,169 9.2% Total Gross Revenue $5,220,309 $3,722,886 $1,497,423 40.2% $3,144,150 66.0% $5,277,144 (1.1%) Average Revenue per Trip Average Full Toll Lanes $4.80 $4.37 $0.43 9.8% $4.26 12.7% $5.54 (13.4%) Average 3+ Lanes $0.13 $0.00 $0.13 $0.19 (31.6%)$0.12 8.3% Average Gross Revenue $3.73 $3.14 $0.59 18.8% $3.44 8.4% $4.21 (11.4%) 340 11 The 2021 fiscal year-to-date traffic volume increased by 47.7 percent and potential toll revenue increased by 59.8 percent, when compared with the same period last year. Year-to-date average revenue per-trip is $3.68. Fiscal year-to-date traffic and revenue data are summarized in the table below. The following trip and revenue statistics tables represent all trips taken on the RCTC 91 Express Lanes and associated potential revenue for the months of July 2021 through December 2021. FY 2020-21 Year-to-Date as of December 31, 2021 Trips FY 2021-22 YTD Actual Stantec YTD Projected # Variance % Variance FY 2020-21 YTD Actual Yr-to-Yr % Variance Full Toll Lanes 6,817,040 5,618,300 1,198,740 21.3% 4,651,371 46.6% 3+ Lanes 1,856,354 1,992,657 (136,303) (6.8%)1,221,292 52.0% Total Gross Trips 8,673,394 7,610,957 1,062,437 14.0% 5,872,663 47.7% Revenue Full Toll Lanes $31,665,898 $24,293,257 $7,372,641 30.3% $19,760,008 60.3% 3+ Lanes $243,753 $0 $243,753 $214,063 13.9% Total Gross Revenue $31,909,651 $24,293,257 $7,616,394 31.4% $19,974,070 59.8% Average Revenue per Trip Average Full Toll Lanes $4.65 $4.32 $0.33 7.6% $4.25 9.4% Average 3+ Lanes $0.13 $0.00 $0.13 $0.18 (27.8%) Average Gross Revenue $3.68 $3.19 $0.49 15.4% $3.40 8.2% 341 12 RCTC Traffic and Revenue Summary The chart below reflects the total trips broken down between full toll lanes and HOV3+ lanes for FY 2021-22 on a monthly basis. The chart below reflects the gross potential revenue breakdown between full toll lanes and HOV3+ lanes for FY 2021-22 on a monthly basis. 342 13 RCTC PEAK-HOUR VOLUMES In December, no toll rates were adjusted. RCTC evaluates traffic volumes for peak period hours and adjusts rates according to the toll rate policy. RCTC EASTBOUND PEAK-HOUR VOLUMES Eastbound PM Peak - County Line to McKinley  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $9.15 152 1076 1,228 E $12.25 168 1,081 1,249 E $26.80 181 789 970 C 1500 - 1600 $13.55 207 865 1,072 D $16.60 243 899 1,142 D $26.50 272 979 1,251 E 1600 - 1700 $7.05 181 897 1,078 D $8.45 179 902 1,081 D $15.60 247 990 1,237 E 1700 - 1800 $5.45 178 875 1,053 D $5.45 203 918 1,121 D $7.40 245 890 1,135 D 1800 - 1900 $5.45 234 863 1,097 D $5.45 233 863 1,096 D $5.45 270 893 1,163 D 1900 - 2000 $4.25 280 834 1,114 D $5.45 224 886 1,110 D $4.25 265 741 1,006 D  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $5.45 188 1,080 1,268 E $7.05 171 1,098 1,269 E $9.15 175 1,062 1,237 E $12.25 199 1,009 1,208 E $26.80 266 1,112 1,378 F 1500 - 1600 $8.45 208 901 1,109 D $10.50 204 952 1,156 D $13.55 185 1,002 1,187 D $16.60 200 840 1,040 D $26.50 231 1,004 1,235 E 1600 - 1700 $7.05 171 947 1,118 D $5.45 161 920 1,081 D $7.05 191 1,000 1,191 D $8.45 190 897 1,087 D $15.60 249 1,021 1,270 E 1700 - 1800 $5.45 217 904 1,121 D $5.45 206 915 1,121 D $5.45 218 886 1,104 D $5.45 155 894 1,049 D $7.40 244 900 1,144 D 1800 - 1900 $5.45 272 881 1,153 D $5.45 223 876 1,099 D $5.45 262 879 1,141 D $5.45 224 711 935 C $5.45 290 928 1,218 E 1900 - 2000 $2.30 232 639 871 C $4.25 210 718 928 C $4.25 194 711 905 C $5.45 172 528 700 B $4.25 294 823 1,117 D  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $5.45 202 1,053 1,255 E $7.05 168 767 935 C $9.15 170 1,070 1,240 E $12.25 179 1,040 1,219 E $26.80 254 1,045 1,299 E 1500 - 1600 $8.45 242 932 1,174 D $10.50 180 664 844 C $13.55 200 954 1,154 D $16.60 227 924 1,151 D $26.50 285 1,052 1,337 F 1600 - 1700 $7.05 190 927 1,117 D $5.45 165 725 890 C $7.05 180 942 1,122 D $8.45 222 978 1,200 D $15.60 289 1,006 1,295 E 1700 - 1800 $5.45 211 943 1,154 D $5.45 129 641 770 B $5.45 179 907 1,086 D $5.45 139 917 1,056 D $7.40 236 933 1,169 D 1800 - 1900 $5.45 288 910 1,198 D $5.45 138 479 617 B $5.45 225 879 1,104 D $5.45 241 889 1,130 D $5.45 263 910 1,173 D 1900 - 2000 $2.30 226 621 847 C $4.25 104 326 430 B $4.25 263 838 1,101 D $5.45 303 844 1,147 D $4.25 337 904 1,241 E  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $5.45 262 1,059 1,321 F $7.05 221 1,096 1,317 F $9.15 214 990 1,204 E $26.80 241 755 996 C $5.45 310 635 945 C 1500 - 1600 $8.45 245 944 1,189 D $10.50 213 966 1,179 D $13.55 268 954 1,222 E $26.50 250 768 1,018 D $2.30 343 617 960 C 1600 - 1700 $7.05 193 950 1,143 D $5.45 212 1,013 1,225 E $7.05 223 995 1,218 E $15.60 258 813 1,071 D $2.30 360 695 1,055 D 1700 - 1800 $5.45 204 873 1,077 D $5.45 210 888 1,098 D $5.45 211 955 1,166 D $7.40 234 783 1,017 D $2.30 350 602 952 C 1800 - 1900 $5.45 284 840 1,124 D $5.45 261 805 1,066 D $5.45 265 861 1,126 D $5.45 244 668 912 C $2.30 184 331 515 B 1900 - 2000 $2.30 261 746 1,007 D $4.25 261 813 1,074 D $4.25 255 748 1,003 D $4.25 190 461 651 B $2.30 314 555 869 C  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $5.45 242 965 1,207 E $7.05 283 967 1,250 E $9.15 233 878 1,111 D $26.80 197 740 937 C $1.60 225 612 837 C 1500 - 1600 $8.45 234 799 1,033 D $10.50 241 718 959 C $13.55 219 706 925 C $26.50 230 644 874 C $1.60 230 602 832 C 1600 - 1700 $7.05 218 750 968 C $5.45 273 913 1,186 D $7.05 179 675 854 C $15.60 182 644 826 C $1.60 232 510 742 B 1700 - 1800 $5.45 189 737 926 C $5.45 252 873 1,125 D $5.45 185 644 829 C $7.40 178 618 796 B $1.60 257 480 737 B 1800 - 1900 $5.45 228 577 805 C $5.45 268 606 874 C $5.45 235 570 805 C $5.45 163 446 609 B $1.60 242 421 663 B 1900 - 2000 $2.30 141 395 536 B $4.25 195 367 562 B $4.25 154 349 503 B $4.25 120 310 430 B $1.60 193 275 468 B Thursday 12/23/21 Friday 12/24/21 Monday 12/13/21 Tuesday 12/14/21 Wednesday 12/15/21 Wednesday 12/08/21 Thursday 12/09/21 Friday 12/10/21 12/16/21 Friday 12/17/21 Monday 12/06/21 Tuesday 12/07/21 Thursday Wednesday 12/22/21Monday12/20/21 Tuesday 12/21/21 Monday 12/27/21 Tuesday 12/28/21 Wednesday 12/29/21 Thursday 12/30/21 Friday 12/31/21 11/30/21 Wednesday 12/01/21 Thursday 12/02/21 Friday 12/03/21Monday11/29/21 Tuesday 343 14 Eastbound PM Peak - County Line to 15 SB Ontario  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $5.45 106 803 909 C $5.45 102 759 861 C $5.45 98 537 635 B 1500 - 1600 $5.45 120 637 757 B $5.45 98 659 757 B $5.45 139 617 756 B 1600 - 1700 $5.45 95 624 719 B $5.45 117 602 719 B $3.00 142 601 743 B 1700 - 1800 $3.00 109 580 689 B $3.00 98 622 720 B $3.00 131 586 717 B 1800 - 1900 $3.00 127 626 753 B $3.00 124 619 743 B $3.00 148 566 714 B 1900 - 2000 $3.00 173 636 809 C $3.00 143 629 772 B $3.00 154 496 650 B  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $5.45 101 751 852 C $5.45 86 736 822 C $5.45 119 701 820 C $5.45 126 719 845 C $5.45 114 680 794 B 1500 - 1600 $5.45 109 611 720 B $5.45 93 671 764 B $5.45 89 693 782 B $5.45 90 659 749 B $5.45 111 558 669 B 1600 - 1700 $3.00 93 605 698 B $5.45 78 627 705 B $5.45 85 638 723 B $5.45 91 557 648 B $3.00 119 613 732 B 1700 - 1800 $3.00 131 568 699 B $3.00 87 602 689 B $3.00 109 595 704 B $3.00 89 566 655 B $3.00 139 627 766 B 1800 - 1900 $3.00 147 631 778 B $3.00 135 613 748 B $3.00 126 598 724 B $3.00 117 499 616 B $3.00 133 531 664 B 1900 - 2000 $3.00 145 472 617 B $3.00 147 568 715 B $3.00 131 521 652 B $3.00 104 411 515 B $3.00 168 518 686 B  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $5.45 133 740 873 C $5.45 99 601 700 B $5.45 102 780 882 C $5.45 119 737 856 C $5.45 138 677 815 C 1500 - 1600 $5.45 104 594 698 B $5.45 118 548 666 B $5.45 112 732 844 C $5.45 118 657 775 B $5.45 139 598 737 B 1600 - 1700 $3.00 91 651 742 B $5.45 93 515 608 B $5.45 86 621 707 B $5.45 115 585 700 B $3.00 125 625 750 B 1700 - 1800 $3.00 118 557 675 B $3.00 71 439 510 B $3.00 107 613 720 B $3.00 81 577 658 B $3.00 127 546 673 B 1800 - 1900 $3.00 132 576 708 B $3.00 95 378 473 B $3.00 127 631 758 B $3.00 111 600 711 B $3.00 135 548 683 B 1900 - 2000 $3.00 140 485 625 B $3.00 66 265 331 A $3.00 158 708 866 C $3.00 188 606 794 B $3.00 182 562 744 B  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $5.45 139 740 879 C $5.45 140 750 890 C $5.45 144 746 890 C $5.45 151 550 701 B $3.00 190 517 707 B 1500 - 1600 $5.45 139 672 811 C $5.45 112 721 833 C $5.45 121 670 791 B $5.45 134 484 618 B $3.00 202 472 674 B 1600 - 1700 $3.00 112 622 734 B $5.45 116 623 739 B $5.45 108 563 671 B $3.00 167 477 644 B $3.00 227 463 690 B 1700 - 1800 $3.00 118 567 685 B $3.00 136 586 722 B $3.00 124 591 715 B $3.00 155 480 635 B $3.00 230 372 602 B 1800 - 1900 $3.00 162 563 725 B $3.00 146 562 708 B $3.00 185 642 827 C $3.00 128 428 556 B $3.00 138 207 345 A 1900 - 2000 $3.00 182 585 767 B $3.00 198 605 803 C $3.00 186 532 718 B $3.00 118 304 422 B $3.00 273 386 659 B  PM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 1400 - 1500 $5.45 157 566 723 B $5.45 159 695 854 C $5.45 145 608 753 B $5.45 150 495 645 B $2.00 124 340 464 B 1500 - 1600 $5.45 125 530 655 B $5.45 126 547 673 B $5.45 129 533 662 B $5.45 127 418 545 B $2.00 145 372 517 B 1600 - 1700 $3.00 119 513 632 B $5.45 171 607 778 B $5.45 109 410 519 B $3.00 109 404 513 B $2.00 119 304 423 B 1700 - 1800 $3.00 121 471 592 B $3.00 135 558 693 B $3.00 106 425 531 B $3.00 98 385 483 B $2.00 119 288 407 B 1800 - 1900 $3.00 123 405 528 B $3.00 157 480 637 B $3.00 133 399 532 B $3.00 90 320 410 B $2.00 138 231 369 A 1900 - 2000 $3.00 102 256 358 A $3.00 148 292 440 B $3.00 109 264 373 A $3.00 103 235 338 A $2.00 117 202 319 A 12/09/21 Friday 12/10/21Monday12/06/21 Tuesday 12/07/21 Wednesday 12/08/21 Thursday Monday 12/20/21 Tuesday 12/21/21 Wednesday 12/22/21 Wednesday 12/15/21 Thursday 12/16/21 Friday 12/17/21Monday12/13/21 Tuesday 12/14/21 Monday 12/27/21 Tuesday 12/28/21 Thursday 12/23/21 Friday 12/24/21 Wednesday 12/29/21 Thursday 12/30/21 Friday 12/31/21 Monday 11/29/21 Tuesday 11/30/21 Wednesday 12/01/21 Thursday 12/02/21 Friday 12/03/21 344 15 RCTC WESTBOUND PEAK-HOUR VOLUMES Westbound AM Peak - McKinley to County Line  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $2.30 248 614 862 C $2.30 199 657 856 C $2.30 201 544 745 B 0500 - 0600 $11.20 343 1200 1,543 F $9.45 363 1,201 1,564 F $5.45 391 1,229 1,620 F 0600 - 0700 $18.30 325 1089 1,414 F $17.30 275 1,108 1,383 F $10.45 335 1,024 1,359 F 0700 - 0800 $14.30 346 1199 1,545 F $13.30 307 1,403 1,710 F $9.40 340 1,108 1,448 F 0800 - 0900 $10.40 203 1186 1,389 F $9.40 216 1,360 1,576 F $5.45 189 1,108 1,297 E 0900 - 1000 $7.05 189 1217 1,406 F $7.05 184 1,112 1,296 E $4.25 151 847 998 C  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $2.30 216 602 818 C $2.30 232 651 883 C $2.30 232 708 940 C $2.30 227 600 827 C $2.30 223 592 815 C 0500 - 0600 $11.20 380 1,169 1,549 F $11.20 392 1,071 1,463 F $11.20 373 1,273 1,646 F $9.45 403 1,183 1,586 F $5.45 395 1,201 1,596 F 0600 - 0700 $17.30 342 1,044 1,386 F $18.30 341 1,012 1,353 F $18.30 332 1,157 1,489 F $17.30 305 996 1,301 E $10.45 337 1,127 1,464 F 0700 - 0800 $14.30 348 1,253 1,601 F $14.30 336 1,226 1,562 F $14.30 345 1,318 1,663 F $13.30 316 1,111 1,427 F $9.40 336 1,142 1,478 F 0800 - 0900 $9.40 233 1,363 1,596 F $10.40 172 1,424 1,596 F $10.40 220 1,457 1,677 F $9.40 200 1,166 1,366 F $5.45 195 1,119 1,314 E 0900 - 1000 $5.45 175 1,184 1,359 F $7.05 169 1,221 1,390 F $7.05 150 1,212 1,362 F $7.05 134 919 1,053 D $4.25 164 917 1,081 D  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $2.30 229 628 857 C $2.30 238 531 769 B $2.30 225 568 793 B $2.30 224 541 765 B $2.30 218 526 744 B 0500 - 0600 $11.20 384 1,241 1,625 F $11.20 299 1,038 1,337 E $11.20 391 1,186 1,577 F $9.45 430 1,192 1,622 F $5.45 395 1,170 1,565 F 0600 - 0700 $17.30 332 1,009 1,341 E $18.30 289 883 1,172 D $18.30 338 1,011 1,349 E $17.30 338 1,015 1,353 F $10.45 334 1,024 1,358 F 0700 - 0800 $14.30 301 1,377 1,678 F $14.30 332 999 1,331 E $14.30 387 1,267 1,654 F $13.30 351 1,277 1,628 F $9.40 342 1,108 1,450 F 0800 - 0900 $9.40 216 1,195 1,411 F $10.40 171 1,167 1,338 E $10.40 209 1,416 1,625 F $9.40 223 1,343 1,566 F $5.45 224 1,188 1,412 F 0900 - 1000 $5.45 183 988 1,171 D $7.05 141 841 982 C $7.05 195 1,289 1,484 F $7.05 196 1,195 1,391 F $4.25 188 949 1,137 D  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $2.30 213 599 812 C $2.30 192 552 744 B $2.30 201 531 732 B $2.30 110 428 538 B $1.60 29 49 78 A 0500 - 0600 $11.20 333 1,223 1,556 F $11.20 394 1,159 1,553 F $11.20 386 1,088 1,474 F $5.45 222 873 1,095 D $1.60 38 68 106 A 0600 - 0700 $17.30 221 1,051 1,272 E $18.30 267 958 1,225 E $18.30 238 918 1,156 D $10.45 138 634 772 B $1.60 26 107 133 A 0700 - 0800 $14.30 196 1,224 1,420 F $14.30 241 1,054 1,295 E $14.30 200 1,027 1,227 E $9.40 121 705 826 C $1.60 57 195 252 A 0800 - 0900 $9.40 182 1,247 1,429 F $10.40 210 980 1,190 D $10.40 209 880 1,089 D $5.45 127 738 865 C $1.60 88 270 358 A 0900 - 1000 $5.45 217 1,029 1,246 E $7.05 193 788 981 C $7.05 207 833 1,040 D $4.25 185 663 848 C $1.60 109 352 461 B  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $2.30 154 351 505 B $2.30 185 406 591 B $2.30 145 293 438 B $2.30 121 261 382 A $1.60 26 50 76 A 0500 - 0600 $11.20 233 658 891 C $11.20 281 695 976 C $11.20 239 567 806 C $5.45 177 448 625 B $1.60 49 123 172 A 0600 - 0700 $17.30 147 511 658 B $18.30 172 574 746 B $18.30 135 451 586 B $10.45 104 378 482 B $1.60 53 165 218 A 0700 - 0800 $14.30 120 533 653 B $14.30 171 573 744 B $14.30 130 535 665 B $9.40 124 509 633 B $1.60 57 200 257 A 0800 - 0900 $9.40 88 596 684 B $10.40 129 603 732 B $10.40 95 527 622 B $5.45 108 475 583 B $1.60 78 250 328 A 0900 - 1000 $5.45 124 501 625 B $7.05 157 589 746 B $7.05 107 477 584 B $4.25 118 429 547 B $1.60 129 326 455 B 12/17/21Thursday 12/30/21 Friday 12/31/21 Thursday 12/23/21 Friday 12/24/21 Thursday Monday 12/13/21 Tuesday 12/14/21 Wednesday 12/15/21 Wednesday 12/08/21 Thursday 12/09/21 Friday 12/10/21Monday12/06/21 Tuesday 12/07/21 12/16/21 Friday Monday 12/27/21 Tuesday 12/28/21 Wednesday 12/29/21 Wednesday 12/22/21Monday12/20/21 Tuesday 12/21/21 12/01/21 Thursday 12/02/21 Friday 12/03/21Monday11/29/21 Tuesday 11/30/21 Wednesday 345 16 Westbound AM Peak - I-15 North to County Line  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $3.00 177 524 701 B $3.00 167 535 702 B $3.00 133 425 558 B 0500 - 0600 $7.00 253 1,240 1,493 F $7.00 234 1,217 1,451 F $5.45 255 1,048 1,303 E 0600 - 0700 $9.00 281 1,254 1,535 F $9.00 241 1,354 1,595 F $7.00 242 1,090 1,332 E 0700 - 0800 $9.00 204 1,151 1,355 E $9.00 189 1,135 1,324 E $7.00 188 978 1,166 D 0800 - 0900 $7.00 118 1,064 1,182 D $7.00 123 1,139 1,262 E $5.45 135 954 1,089 D 0900 - 1000 $5.45 121 877 998 C $5.45 138 929 1,067 D $3.00 86 701 787 B  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $3.00 179 583 762 B $3.00 180 552 732 B $3.00 156 563 719 B $3.00 169 524 693 B $3.00 136 475 611 B 0500 - 0600 $7.00 283 1,138 1,421 F $7.00 271 1,127 1,398 E $7.00 248 1,214 1,462 F $7.00 276 1,094 1,370 E $5.45 240 1,054 1,294 E 0600 - 0700 $9.00 276 1,223 1,499 F $9.00 306 1,193 1,499 F $9.00 246 1,278 1,524 F $9.00 265 1,139 1,404 F $7.00 271 1,067 1,338 E 0700 - 0800 $9.00 248 1,135 1,383 E $9.00 205 1,224 1,429 F $9.00 193 1,254 1,447 F $9.00 197 995 1,192 D $7.00 192 958 1,150 D 0800 - 0900 $7.00 139 1,061 1,200 D $7.00 87 1,170 1,257 E $7.00 122 1,117 1,239 E $7.00 120 995 1,115 D $5.45 140 857 997 C 0900 - 1000 $5.45 124 881 1,005 D $5.45 130 1,135 1,265 E $5.45 155 960 1,115 D $5.45 113 908 1,021 D $3.00 125 841 966 C  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $3.00 192 552 744 B $3.00 155 474 629 B $3.00 162 551 713 B $3.00 154 523 677 B $3.00 141 474 615 B 0500 - 0600 $7.00 250 1,186 1,436 F $7.00 208 1,032 1,240 E $7.00 263 1,192 1,455 F $7.00 260 1,144 1,404 F $5.45 241 1,053 1,294 E 0600 - 0700 $9.00 264 1,177 1,441 F $9.00 263 1,046 1,309 E $9.00 288 1,164 1,452 F $9.00 280 1,256 1,536 F $7.00 247 992 1,239 E 0700 - 0800 $9.00 176 1,140 1,316 E $9.00 188 947 1,135 D $9.00 217 1,137 1,354 E $9.00 206 1,228 1,434 F $7.00 188 998 1,186 D 0800 - 0900 $7.00 122 952 1,074 D $7.00 114 848 962 C $7.00 133 1,164 1,297 E $7.00 129 1,076 1,205 E $5.45 128 914 1,042 D 0900 - 1000 $5.45 124 874 998 C $5.45 98 661 759 B $5.45 124 1,008 1,132 D $5.45 124 924 1,048 D $3.00 116 766 882 C  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $3.00 145 549 694 B $3.00 162 482 644 B $3.00 136 457 593 B $3.00 72 335 407 B $2.00 23 71 94 A 0500 - 0600 $7.00 205 1,122 1,327 E $7.00 238 1,095 1,333 E $7.00 242 996 1,238 E $5.45 113 710 823 C $2.00 38 119 157 A 0600 - 0700 $9.00 147 1,133 1,280 E $9.00 168 1,083 1,251 E $9.00 141 936 1,077 D $7.00 90 685 775 B $2.00 39 148 187 A 0700 - 0800 $9.00 118 952 1,070 D $9.00 148 961 1,109 D $9.00 119 879 998 C $7.00 95 624 719 B $2.00 36 166 202 A 0800 - 0900 $7.00 114 922 1,036 D $7.00 143 909 1,052 D $7.00 116 809 925 C $5.45 113 630 743 B $2.00 58 236 294 A 0900 - 1000 $5.45 166 772 938 C $5.45 139 872 1,011 D $5.45 159 771 930 C $3.00 137 610 747 B $2.00 119 319 438 B  AM Time Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS Price HOV SOV Vol. LOS 0400 - 0500 $3.00 114 332 446 B $3.00 140 363 503 B $3.00 104 303 407 B $3.00 85 222 307 A $2.00 23 76 99 A 0500 - 0600 $7.00 159 663 822 C $7.00 168 724 892 C $7.00 170 543 713 B $5.45 139 431 570 B $2.00 47 136 183 A 0600 - 0700 $9.00 104 574 678 B $9.00 115 662 777 B $9.00 98 502 600 B $7.00 85 426 511 B $2.00 45 162 207 A 0700 - 0800 $9.00 89 510 599 B $9.00 113 562 675 B $9.00 59 511 570 B $7.00 78 465 543 B $2.00 45 186 231 A 0800 - 0900 $7.00 75 509 584 B $7.00 106 602 708 B $7.00 86 508 594 B $5.45 57 439 496 B $2.00 45 220 265 A 0900 - 1000 $5.45 70 481 551 B $5.45 148 612 760 B $5.45 90 512 602 B $3.00 94 475 569 B $2.00 85 267 352 A Thursday 12/09/21 Friday 12/10/21Monday12/06/21 Tuesday 12/07/21 Wednesday 12/08/21 Monday 12/20/21 Tuesday 12/21/21 Wednesday 12/22/21 Wednesday 12/15/21 Thursday 12/16/21 Friday 12/17/21Monday12/13/21 Tuesday 12/14/21 Thursday 12/23/21 Friday 12/24/21 Thursday 12/30/21 Friday 12/31/21Monday12/27/21 Tuesday 12/28/21 Wednesday 12/29/21 Monday 11/29/21 Tuesday 11/30/21 Wednesday 12/01/21 Thursday 12/02/21 Friday 12/03/21 346 17 RCTC OPERATIONAL HIGHLIGHTS On-Road Operations RCTC Freeway Service Patrol responded to 103 calls during the month of December. Of those calls, 69 were to assist disabled vehicles, 12 calls to remove debris, and 22 were in response to accidents that affected the Express Lanes. 91 Express Lanes BOS Development Update In February 2021, Cofiroute USA, LLC (CUSA) notified OCTA and the Riverside County Transportation Commission (RCTC) of a delay to the implementation of the new BOS for the 91 Express Lanes for both Orange and Riverside counties as a result of the COVID-19 pandemic. CUSA is the current operator of the 91 Express Lanes for both OCTA and RCTC (Agencies) and is the firm selected for the design, development, and implementation of the new BOS, as well as the customer service center operation. To address the potential delay of transitioning to the new operating agreement, in October 2019, an amendment to the existing operating agreement was executed which allowed for six one-month extension periods, from July 1, 2021 through December 31, 2021. In anticipation the transition will not occur by December 31, in October 2021, both the OCTA and RCTC Board of Directors approved a subsequent amendment which allowed for three one-month extensions, commencing January 1, 2022 through March 31, 2022. In December, the Agencies provided notice to CUSA that the first extension period, commencing January 1, 2022 through January 31, 2022 will be exercised. The Agencies intend to exercise the one-month options until the transition to the new contract occurs, which is anticipated for early March 2022. 347 18 FINANCIAL HIGHLIGHTS RCTC RCTC 91 Express Lanes Operating Statement 12/31/2021 Description Budget Dollar $ Percent (%) Operating revenues: Toll Revenue 27,938,174.30$ 17,917,500.00$ 10,020,674.30$ 55.9 Fee Revenue 3,410,374.88 2,858,450.00 551,924.88 19.3 Total operating revenues 31,348,549.18 20,775,950.00 10,572,599.18 50.9 Operating expenses: Salaries and Benefits 256,185.86 426,400.00 170,214.14 39.9 Legal Services 34,959.47 104,350.00 69,390.53 66.5 Advisory Services 17,773.39 2,500.00 (15,273.39) (610.9) Audit and Accounting Fees 29,775.00 18,000.00 (11,775.00) (65.4) Service Fees - 9,350.00 9,350.00 100.0 Other Professional Services 211,254.66 627,900.00 416,645.34 66.4 Lease Expense 123,859.32 159,550.00 35,690.68 22.4 Operations 801,335.87 1,808,900.00 1,007,564.13 55.7 Utilities 7,106.03 32,550.00 25,443.97 78.2 Supplies and Materials 6,153.54 16,750.00 10,596.46 63.3 Membership and Subscription Fees 14,373.00 15,000.00 627.00 4.2 Office Equipment & Furniture (Non-Capital)- 40,000.00 40,000.00 100.0 Maintenance/Repairs 92,746.71 154,300.00 61,553.29 39.9 Training Seminars and Conferences 5,865.10 800.00 (5,065.10) (633.1) Transportation Expenses - 1,250.00 1,250.00 100.0 Lodging - 650.00 650.00 100.0 Meals - 1,500.00 1,500.00 100.0 Other Staff Expenses 90.00 150.00 60.00 40.0 Advertising - 107,500.00 107,500.00 100.0 Program Management 17,631.49 41,550.00 23,918.51 57.6 Program Operations 3,238,205.39 4,187,100.00 948,894.61 22.7 Litigation Settlement 687.06 - (687.06) N/A Furniture & Equipment - 37,500.00 37,500.00 100.0 Improvements 24,997.50 27,500.00 2,502.50 9.1 Bad Debt Expense 55,152.15 - (55,152.15) N/A Total operating expenses 4,938,151.54 7,821,050.00 2,882,898.46 36.9 Operating income (loss)26,410,397.64 12,954,900.00 13,455,497.64 103.9 Nonoperating revenues (expenses): Interest Revenue (53,855.00) 74,750.00 (128,605.00) 172.0 Other Miscellaneous Revenue 39,063.41 - 39,063.41 N/A Loss on Refunding (6,733,662.41) - (6,733,662.41) N/A Principal Expense - - - N/A Interest Expense (13,895,832.03) (4,520,450.00) (9,375,382.03) 207.4 Total nonoperating revenues (expenses)(20,644,286.03) (4,445,700.00) (16,198,586.03) (364.4) Transfers In - - - N/A Transfers Out (165,622.29) (537,350.00) 371,727.71 (69.2) Net income (loss) 5,600,489.32$ 7,971,850.00$ (2,371,360.68)$ (29.7) 1 Unaudited YTD as of : YTD Variance Actual1 348 19 JOINT AGENCY TRIP AND REVENUE STATISTICS JOINT AGENCY TRAFFIC STATISTICS MULTI AGENCY TRIP AND REVENUE STATISTICS MONTH ENDING December 31, 2021 MTD Transactions by Agency Transactions Using Both Segments % Using Both Segments Revenue Westbound OCTA 818,494 454,051 55% $2,217,757 RCTC 744,648 454,051 61% $2,928,194 I -15 325,458 252,882 78% $1,151,458 McKinley 419,190 201,169 48% $1,776,736 Eastbound OCTA 820,657 557,753 68% $2,783,940 RCTC 653,190 557,753 85% $2,292,115 I -15 249,392 201,947 81%$616,321 McKinley 403,798 355,806 88% $1,675,795 349 20 JOINT AGENCY PERFORMANCE MEASURES JOINT AGENCY TRANSPONDER DISTRIBUTION Tags % of Total Tags % of Total Issued To New Accounts 0 0.0% 0 0 Additional Tags to Existing Accounts 1 100.0% 0 0 Replacement Transponders 0 0.0% 0 0 Total Issued 1 0 0 Returned Account Closures 4 0.2% 6 0.6% Accounts Downsizing 17 100.0% 257 13.4% 634 67.4% Defective Transponders 1,650 86.3% 301 32.0% Total Returned 17 1,911 940 FY 2021-22 T21 TRANSPONDER DISTRIBUTION December-21 November-21 Average To-Date Tags % of Total Tags % of Total Issued To New Accounts 1,623 25.6% 2,005 32.4% 8,004 70.5% Additional Tags to Existing Accounts 4,709 74.3% 4,175 67.5% 3,338 29.4% Replacement Transponders 3 0.0% 3 0.0% 13 0.1% Total Issued 6,335 6,183 11,354 Returned Account Closures Accounts Downsizing Defective Transponders Total Returned 6C TRANSPONDER DISTRIBUTION December-21 November-21 FY 2021-22 Average To-Date 350 21 At the end of December 2021, the 91 Express Lanes had 159,715 active customer accounts and 621,886 transponders classified as assigned. Number of Accounts by FY As of December 31, 2021 Incoming Email Activity During December, the Anaheim Processing Center received 3,004 emails. 351 AGENDA ITEM 6I Agenda Item 6I RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: March 9, 2022 TO: Riverside County Transportation Commission FROM: Toll Policy and Operations Committee Anthony Parada, Senior Management Analyst Jennifer Crosson, Toll Operations Director THROUGH: Anne Mayer, Executive Director SUBJECT: 15 Express Lanes Monthly Status Reports TOLL POLICY AND OPERATIONS COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to receive and file the 15 Express Lanes Monthly Reports for the six months from July to December 2021. BACKGROUND INFORMATION: The monthly 15 Express Lanes reports for the six months from July to December 2021 are attached. The monthly reports provide information about 15 Express Lanes performance and activity. FISCAL IMPACT: This item is for informational purposes only. There is no fiscal impact. Attachments: 1) 15 Express Lanes Status Report for July 2021 2) 15 Express Lanes Status Report for August 2021 3) 15 Express Lanes Status Report for September 2021 4) 15 Express Lanes Status Report for October 2021 5) 15 Express Lanes Status Report for November 2021 6) 15 Express Lanes Status Report for December 2021 352 Status Report July 31, 2021 ATTACHMENT 1 353 2 Table of Contents Traffic and Revenue ............................................................................................................................ 3 Traffic and Revenue Summary ........................................................................................................ 4 Peak-Hour Volumes ........................................................................................................................ 5 Customer Service ................................................................................................................................ 6 Performance Measures ................................................................................................................... 6 Customer Contact Activity .............................................................................................................. 6 Operational Highlights ........................................................................................................................ 7 On-Road Operations ....................................................................................................................... 7 Operational Activity ........................................................................................................................ 7 Financial Highlights ............................................................................................................................. 8 354 3 TRAFFIC AND REVENUE Total toll transactions on the 15 Express Lanes for July 2021 was 1,869,446. This represents a daily average of 60,305 transactions. Potential toll revenue for July was $2,562,941. Carpool percentage for July was 10%. Month-to-date traffic and revenue data is summarized in the table below. The following transactions and revenue statistics tables represent all transactions on the 15 Express Lanes and associated potential revenue for the month of July 2021. Current Month-to-Date as of July 31, 2021 SOV: Single Occupancy Vehicle HOV3+: High Occupancy Vehicle Transactions JUL-21 MTD Stantec MTD Projected # Variance % Variance SOV 1,683,019 HOV3+186,427 Total Gross Transactions 1,869,446 1,910,229 (40,783)(2.1%) Revenue SOV $2,562,941 HOV3+$0 Total Gross Revenue $2,562,941 $1,467,857 $1,095,084 74.6% Average Revenue per Transaction Average SOV $1.52 Average HOV3+ Average Gross Revenue $1.37 $0.77 $0.60 77.9% Direction SOV HOV3+ Transactions % Total Transactions Expected Revenue % Expected Revenue Northbound 847,230 91,157 938,387 50.2% $534,561 20.9% Southbound 835,789 95,270 931,059 49.8% $2,028,380 79.1% Totals 1,683,019 186,427 1,869,446 100.0% $2,562,941 100.0% 355 4 TRAFFIC AND REVENUE SUMMARY The chart below reflects the total transactions breakdown between SOV and HOV3+ for FY 2021-22 on a monthly basis. The chart below reflects the gross potential revenue for FY 2021-22 on a monthly basis. 356 5 PEAK-HOUR VOLUMES The 15 Express Lanes will feature dynamic pricing, which adjusts toll rates based on traffic volumes and to maintain a free-flowing trip. In July, tolls were manually adjusted while the dynamic pricing engine was calibrated. Morning Peak Northbound 4:00 - 10:00 AM Afternoon Peak Southbound 2:00 - 8:00 PM HOV3+8.3%9.9% Highest Toll $1.50 $12.00 Highest Traffic Hour 6AM, 15N Cajalco /Magnolia 1,141 Transactions 2PM, 15S Magnolia/Cajalco 1,563 Transactions 357 6 CUSTOMER SERVICE PERFORMANCE MEASURES At the end of July 2021, Riverside Express had 5,431 customer accounts and 11,080 transponders classified as assigned. CUSTOMER CONTACT ACTIVITY During July, RiversideExpress.com was visited by 29,007 users and the Customer Service Center processed 1,982 pieces of correspondence. REPORTING REQUIREMENT PERFORMANCE STANDARD JULY 2021 PERFORMANCE CUSTOMER ACCOUNTS Transponder Fulfillment 100% within 2 business days 99.9% within 2 business days Payment Posting 100% within 1 business days 99.9% on same business day CUSTOMER CALLS Average Wait Time Less than 150 seconds avg per week 9 seconds highest avg wait time Abandon Rate Less than 2%0.3% abandon rate Customer Satisfaction 90% minimum satisfaction rate 98% satisfaction rate CORRESPONDENCE Email Response 100% within 2 business days 100% within 2 business days Mail Response 100% within 3 business days 100% within 3 business day 358 7 OPERATIONAL HIGHLIGHTS ON-ROAD OPERATIONS Freeway Service Patrol responded to 86 calls during the month of July. Of those calls, 60 were to assist disabled vehicles, 11 calls to remove debris, and 15 were in response to accidents that affected the Express Lanes. OPERATIONAL ACTIVITY The Customer Service Center (CSC) is open and receiving customer calls regarding the 15 Express Lanes. Calls mostly consist of general inquiries about using the 15 Express Lanes and violations. The Walk-In Center opened on July 6th with precautions taken to mitigate the spread of COVID-19. Operational activities on the roadway and in the CSC continue to function, including aiding stranded motorists, providing incident management services, dispatching emergency vehicles through the traffic operations center, and responding to customer service and violation calls. 359 8 FINANCIAL HIGHLIGHTS RCTC 15 Express Lanes Operating Statement 7/31/2021 Description Budget Dollar $ Percent (%) Operating revenues: Toll Revenue 2,434,976.15$ 1,799,983.33$ 634,992.82$ 35.3 Fee Revenue 442,746.99 164,333.33 278,413.66 169.4 Total operating revenues 2,877,723.14 1,964,316.67 913,406.47 46.5 Operating expenses: Salaries and Benefits 26,732.81 79,625.00 52,892.19 66.4 Legal Services - 12,500.00 12,500.00 100.0 Advisory Services (511.01) 2 416.67 927.68 222.6 Audit and Accounting Fees - 2,400.00 2,400.00 100.0 Service Fees (6,463.43) 2 1,300.00 7,763.43 597.2 Other Professional Services 62,345.72 65,541.67 3,195.95 4.9 Lease Expense - 16.67 16.67 100.0 Operations (62,502.78) 2 259,733.33 322,236.11 124.1 Utilities (4,118.04) 2 15,425.00 19,543.04 126.7 Supplies and Materials 772.13 500.00 (272.13) (54.4) Membership and Subscription Fees - - - N/A Office Equipment & Furniture (Non-Capital)- 416.67 416.67 100.0 Maintenance/Repairs 1,887.29 44,041.67 42,154.38 95.7 Training Seminars and Conferences - 133.33 133.33 100.0 Transportation Expenses - 200.00 200.00 100.0 Lodging - 108.33 108.33 100.0 Meals - 41.67 41.67 100.0 Other Staff Expenses - 25.00 25.00 100.0 Advertising - 20,833.33 20,833.33 100.0 Program Management - 6,916.67 6,916.67 100.0 Program Operations (650,586.65) 2 815,300.00 1,465,886.65 179.8 Litigation Settlement - - - N/A Furniture & Equipment - 2,083.33 2,083.33 100.0 Improvements - 2,083.33 2,083.33 100.0 Bad Debt Expense 39.45 - (39.45) N/A Total operating expenses (632,404.51) 1,329,641.67 1,962,046.18 147.6 Operating income (loss)3,510,127.65 634,675.00 2,875,452.65 453.1 Nonoperating revenues (expenses): Interest Revenue - 608.33 (608.33) 100.0 Other Miscellaneous Revenue - 8,166.67 (8,166.67) 100.0 Interest Expense 31,636.00 2 - 31,636.00 N/A Total nonoperating revenues (expenses)31,636.00 8,775.00 22,861.00 (260.5) Transfers In - - - N/A Transfers Out - (38,150.00) 38,150.00 (100.0) Net income (loss) 3,541,763.65$ 605,300.00$ 2,936,463.65$ 485.1 1 Unaudited 2 Negatives are the result of FY21 accruals YTD as of : YTD Variance Actual1 360 Status Report August 31, 2021 ATTACHMENT 2 361 2 Table of Contents Traffic and Revenue ............................................................................................................................ 3 Traffic and Revenue Summary ........................................................................................................ 5 Peak-Hour Volumes ........................................................................................................................ 6 Customer Service ................................................................................................................................ 7 Performance Measures ................................................................................................................... 7 Customer Contact Activity .............................................................................................................. 7 Operational Highlights ........................................................................................................................ 8 On-Road Operations ....................................................................................................................... 8 Operational Activity ........................................................................................................................ 8 Financial Highlights ............................................................................................................................. 9 362 3 TRAFFIC AND REVENUE Total toll transactions on the 15 Express Lanes for August 2021 was 1,896,005. This represents a daily average of 61,161 transactions. Potential toll revenue for August was $2,466,342. Carpool percentage for June was 9.9%. Month-to-date traffic and revenue data is summarized in the table below. The following transactions and revenue statistics tables represent all transactions on the 15 Express Lanes and associated potential revenue for the month of August 2021. Current Month-to-Date as of August 31, 2021 SOV: Single Occupancy Vehicle HOV3+: High Occupancy Vehicle Transactions AUG-21 MTD Stantec MTD Projected # Variance % Variance SOV 1,707,923 HOV3+188,082 Total Gross Transactions 1,896,005 2,107,271 (211,266)(10.0%) Revenue SOV $2,466,342 HOV3+$0 Total Gross Revenue $2,466,342 $1,648,186 $818,156 49.6% Average Revenue per Transaction Average SOV $1.44 Average HOV3+ Average Gross Revenue $1.30 $0.78 $0.52 66.7% Direction SOV HOV3+ Transactions % Total Transactions Expected Revenue % Expected Revenue Northbound 858,816 90,787 949,603 50.1% $553,132 22.4% Southbound 849,107 97,295 946,402 49.9% $1,913,210 77.6% Totals 1,707,923 188,082 1,896,005 100.0% $2,466,342 100.0% 363 4 Fiscal year-to-date traffic and revenue data are summarized in the table below. The following transaction and revenue statistics represent all transactions on the 15 Express Lanes and associated potential revenue for the months of July 2021 through August 2021. Year-to-date average revenue per-transaction is $1.34. FY 2021-22 Year-to-Date as of August 31, 2021 Transactions FY 2021-22 YTD Actual Stantec YTD Projected # Variance % Variance SOV 3,390,942 HOV3+374,509 Total Gross Transactions 3,765,451 4,017,500 (252,049)(6.3%) Revenue SOV $5,029,283 HOV3+$0 Total Gross Revenue $5,029,283 $3,116,043 $1,913,240 61.4% Average Revenue per Transaction Average SOV $1.48 Average HOV3+$0.00 Average Gross Revenue $1.34 $0.78 $0.56 71.8% 364 5 TRAFFIC AND REVENUE SUMMARY The chart below reflects the total transactions breakdown between SOV and HOV3+ for FY 2021-22 on a monthly basis. The chart below reflects the gross potential revenue for FY 2021-22 on a monthly basis. 365 6 PEAK-HOUR VOLUMES The 15 Express Lanes will feature dynamic pricing, which adjusts toll rates based on traffic volumes and to maintain a free-flowing trip. In August, tolls were manually adjusted while the dynamic pricing engine was calibrated. Morning Peak Northbound 4:00 - 10:00 AM Afternoon Peak Southbound 2:00 - 8:00 PM HOV3+8.3%10.0% Highest Toll $1.50 $12.00 Highest Traffic Hour 7AM, 15N Cajalco /Magnolia 1,192 Transactions 3PM, 15S Magnolia/Cajalco 1,630 Transactions 366 7 CUSTOMER SERVICE PERFORMANCE MEASURES At the end of August 2021, Riverside Express had 6,394 customer accounts and 13,308 transponders classified as assigned. CUSTOMER CONTACT ACTIVITY During August, RiversideExpress.com was visited by 25,887 users and the Customer Service Center processed 2,203 pieces of correspondence. REPORTING REQUIREMENT PERFORMANCE STANDARD AUGUST 2021 PERFORMANCE CUSTOMER ACCOUNTS Transponder Fulfillment 100% within 2 business days 100% within 2 business days Payment Posting 100% within 1 business days 99.9% on same business day CUSTOMER CALLS Average Wait Time Less than 150 seconds avg per week 29 seconds highest avg wait time Abandon Rate Less than 2%0.5% abandon rate Customer Satisfaction 90% minimum satisfaction rate 98% satisfaction rate CORRESPONDENCE Email Response 100% within 2 business days 100% within 2 business days Mail Response 100% within 3 business days 100% within 3 business day 367 8 OPERATIONAL HIGHLIGHTS ON-ROAD OPERATIONS Freeway Service Patrol responded to 94 calls during the month of August. Of those calls, 58 were to assist disabled vehicles, 28 calls to remove debris, and 8 were in response to accidents that affected the Express Lanes. OPERATIONAL ACTIVITY The Customer Service Center (CSC) is open and receiving customer calls regarding the 15 Express Lanes. Calls mostly consist of general inquiries about using the 15 Express Lanes and violations. The Walk-In Center (WIC) is open and servicing customers. During the month of August, 28 customers visited in the WIC. Most were customers seeking assistance with their accounts. Operational activities on the roadway and in the CSC continue to function, including aiding stranded motorists, providing incident management services, dispatching emergency vehicles through the traffic operations center, and responding to customer service and violation calls. 368 9 FINANCIAL HIGHLIGHTS RCTC 15 Express Lanes Operating Statement 8/31/2021 Description Budget Dollar $ Percent (%) Operating revenues: Toll Revenue 4,852,234.65$ 3,599,966.67$ 1,252,267.98$ 34.8 Fee Revenue 885,901.28 328,666.67 557,234.61 169.5 Total operating revenues 5,738,135.93 3,928,633.33 1,809,502.60 46.1 Operating expenses: Salaries and Benefits 56,549.86 159,250.00 102,700.14 64.5 Legal Services 881.40 25,000.00 24,118.60 96.5 Advisory Services (511.01) 2 833.33 1,344.34 161.3 Audit and Accounting Fees - 4,800.00 4,800.00 100.0 Service Fees (3,131.86) 2 2,600.00 5,731.86 220.5 Other Professional Services 94,167.81 131,083.33 36,915.52 28.2 Lease Expense 110.00 33.33 (76.67) (230.0) Operations (31,250.35) 2 519,466.67 550,717.02 106.0 Utilities 5,007.44 30,850.00 25,842.56 83.8 Supplies and Materials 943.96 1,000.00 56.04 5.6 Membership and Subscription Fees - - - N/A Office Equipment & Furniture (Non-Capital)- 833.33 833.33 100.0 Maintenance/Repairs 38,828.84 88,083.33 49,254.49 55.9 Training Seminars and Conferences 332.59 266.67 (65.92) (24.7) Transportation Expenses - 400.00 400.00 100.0 Lodging - 216.67 216.67 100.0 Meals - 83.33 83.33 100.0 Other Staff Expenses - 50.00 50.00 100.0 Advertising - 41,666.67 41,666.67 100.0 Program Management 3,151.52 13,833.33 10,681.81 77.2 Program Operations 22,235.76 1,630,600.00 1,608,364.24 98.6 Litigation Settlement - - - N/A Furniture & Equipment - 4,166.67 4,166.67 100.0 Improvements - 4,166.67 4,166.67 100.0 Bad Debt Expense 73.50 - (73.50) N/A Total operating expenses 187,389.46 2,659,283.33 2,471,893.87 93.0 Operating income (loss)5,550,746.47 1,269,350.00 4,281,396.47 337.3 Nonoperating revenues (expenses): Interest Revenue - 1,216.67 (1,216.67) 100.0 Other Miscellaneous Revenue - 16,333.33 (16,333.33) 100.0 Interest Expense 31,636.00 2 - 31,636.00 N/A Total nonoperating revenues (expenses)31,636.00 17,550.00 14,086.00 (80.3) Transfers In - - - N/A Transfers Out - (76,300.00) 76,300.00 (100.0) Net income (loss) 5,582,382.47$ 1,210,600.00$ 4,371,782.47$ 361.1 1 Unaudited 2 Negatives are the result of FY21 accruals YTD as of : YTD Variance Actual1 369 Status Report September 30, 2021 ATTACHMENT 3 370 2 Table of Contents Traffic and Revenue ............................................................................................................................ 3 Traffic and Revenue Summary ........................................................................................................ 5 Peak-Hour Volumes ........................................................................................................................ 6 Customer Service ................................................................................................................................ 7 Performance Measures ................................................................................................................... 7 Customer Contact Activity .............................................................................................................. 7 Operational Highlights ........................................................................................................................ 8 On-Road Operations ....................................................................................................................... 8 Operational Activity ........................................................................................................................ 8 Financial Highlights ............................................................................................................................. 9 371 3 TRAFFIC AND REVENUE Total toll transactions on the 15 Express Lanes for September 2021 was 1,927,575. This represents a daily average of 64,253 transactions. Potential toll revenue for September was $2,499,847. Carpool percentage for September was 10%. Month-to-date traffic and revenue data is summarized in the table below. The following transactions and revenue statistics tables represent all transactions on the 15 Express Lanes and associated potential revenue for the month of September 2021. Current Month-to-Date as of September 30, 2021 SOV: Single Occupancy Vehicle HOV3+: High Occupancy Vehicle Transactions SEP-21 MTD Stantec MTD Projected # Variance % Variance SOV 1,734,640 HOV3+192,935 Total Gross Transactions 1,927,575 2,061,229 (133,654)(6.5%) Revenue SOV $2,499,847 HOV3+$0 Total Gross Revenue $2,499,847 $1,633,200 $866,647 53.1% Average Revenue per Transaction Average SOV $1.44 Average HOV3+ Average Gross Revenue $1.30 $0.79 $0.51 64.6% Direction SOV HOV3+ Transactions % Total Transactions Expected Revenue % Expected Revenue Northbound 876,462 93,374 969,836 50.3% $566,822 22.7% Southbound 858,178 99,561 957,739 49.7% $1,933,025 77.3% Totals 1,734,640 192,935 1,927,575 100.0% $2,499,847 100.0% 372 4 Fiscal year-to-date traffic and revenue data are summarized in the table below. The following transaction and revenue statistics represent all transactions on the 15 Express Lanes and associated potential revenue for the months of July 2021 through September 2021. Year-to-date average revenue per-transaction is $1.32. FY 2021-22 Year-to-Date as of September 30, 2021 Transactions FY 2021-22 YTD Actual Stantec YTD Projected # Variance % Variance SOV 5,125,582 HOV3+567,444 Total Gross Transactions 5,693,026 6,078,729 (385,703)(6.3%) Revenue SOV $7,529,130 HOV3+$0 Total Gross Revenue $7,529,130 $4,749,243 $2,779,887 58.5% Average Revenue per Transaction Average SOV $1.47 Average HOV3+$0.00 Average Gross Revenue $1.32 $0.78 $0.54 69.2% 373 5 TRAFFIC AND REVENUE SUMMARY The chart below reflects the total transactions breakdown between SOV and HOV3+ for FY 2021-22 on a monthly basis. The chart below reflects the gross potential revenue for FY 2021-22 on a monthly basis. 374 6 PEAK-HOUR VOLUMES The 15 Express Lanes will feature dynamic pricing, which adjusts toll rates based on traffic volumes and to maintain a free-flowing trip. In September, tolls were manually adjusted while the dynamic pricing engine was calibrated. Morning Peak Northbound 4:00 - 10:00 AM Afternoon Peak Southbound 2:00 - 8:00 PM HOV3+8.8%10.3% Highest Toll $1.50 $12.00 Highest Traffic Hour 7AM, 15N Cajalco /Magnolia 1,285 Transactions 4PM, 15S Magnolia/Cajalco 1,677 Transactions 375 7 CUSTOMER SERVICE PERFORMANCE MEASURES At the end of September 2021, Riverside Express had 7,145 customer accounts and 15,132 transponders classified as assigned. CUSTOMER CONTACT ACTIVITY During September, RiversideExpress.com was visited by 21,194 users and the Customer Service Center processed 1,613 pieces of correspondence. REPORTING REQUIREMENT PERFORMANCE STANDARD SEPTEMBER 2021 PERFORMANCE CUSTOMER ACCOUNTS Transponder Fulfillment 100% within 2 business days 100% within 2 business days Payment Posting 100% within 1 business days 99.9% within 1 business day CUSTOMER CALLS Average Wait Time Less than 150 seconds avg per week 38 seconds highest avg wait time Abandon Rate Less than 2%0.7% abandon rate Customer Satisfaction 90% minimum satisfaction rate 98.5% satisfaction rate CORRESPONDENCE Email Response 100% within 2 business days 100% within 2 business days Mail Response 100% within 3 business days 100% within 2 business day 376 8 OPERATIONAL HIGHLIGHTS ON-ROAD OPERATIONS Freeway Service Patrol responded to 86 calls during the month of September. Of those calls, 45 were to assist disabled vehicles, 23 calls to remove debris, and 18 were in response to accidents that affected the Express Lanes. OPERATIONAL ACTIVITY The Customer Service Center (CSC) is open and receiving customer calls regarding the 15 Express Lanes. Calls mostly consist of general inquiries about using the 15 Express Lanes and violations. The Walk-In Center (WIC) is open and servicing customers. During the month of September, 32 customers visited in the WIC. Most were violations customers and customers enrolling in a new account. Operational activities on the roadway and in the CSC continue to function, including aiding stranded motorists, providing incident management services, dispatching emergency vehicles through the traffic operations center, and responding to customer service and violation calls. 377 9 FINANCIAL HIGHLIGHTS RCTC 15 Express Lanes Operating Statement 9/30/2021 Description Budget Dollar $ Percent (%) Operating revenues: Toll Revenue 7,250,370.45$ 5,399,950.00$ 1,850,420.45$ 34.3 Fee Revenue 1,245,600.92 493,000.00 752,600.92 152.7 Total operating revenues 8,495,971.37 5,892,950.00 2,603,021.37 44.2 Operating expenses: Salaries and Benefits 88,595.92 238,875.00 150,279.08 62.9 Legal Services 1,491.60 37,500.00 36,008.40 96.0 Advisory Services (511.01) 2 1,250.00 1,761.01 140.9 Audit and Accounting Fees - 7,200.00 7,200.00 100.0 Service Fees 3,544.81 3,900.00 355.19 9.1 Other Professional Services 103,944.87 196,625.00 92,680.13 47.1 Lease Expense 110.00 50.00 (60.00) (120.0) Operations 181,558.46 779,200.00 597,641.54 76.7 Utilities 20,716.88 46,275.00 25,558.12 55.2 Supplies and Materials 1,000.25 1,500.00 499.75 33.3 Membership and Subscription Fees - - - N/A Office Equipment & Furniture (Non-Capital)- 1,250.00 1,250.00 100.0 Maintenance/Repairs 57,557.45 132,125.00 74,567.55 56.4 Training Seminars and Conferences 1,007.59 400.00 (607.59) (151.9) Transportation Expenses - 600.00 600.00 100.0 Lodging - 325.00 325.00 100.0 Meals - 125.00 125.00 100.0 Other Staff Expenses - 75.00 75.00 100.0 Advertising 1,231.22 62,500.00 61,268.78 98.0 Program Management 6,995.89 20,750.00 13,754.11 66.3 Program Operations 72,606.96 2,445,900.00 2,373,293.04 97.0 Litigation Settlement - - - N/A Furniture & Equipment - 6,250.00 6,250.00 100.0 Improvements - 6,250.00 6,250.00 100.0 Bad Debt Expense 104.30 - (104.30) N/A Total operating expenses 539,955.19 3,988,925.00 3,448,969.81 86.5 Operating income (loss)7,956,016.18 1,904,025.00 6,051,991.18 317.9 Nonoperating revenues (expenses): Interest Revenue 22,913.60 1,825.00 21,088.60 (1,155.5) Other Miscellaneous Revenue - 24,500.00 (24,500.00) 100.0 Interest Expense 31,636.00 2 - 31,636.00 N/A Total nonoperating revenues (expenses)54,549.60 26,325.00 28,224.60 (107.2) Transfers In - - - N/A Transfers Out - (114,450.00) 114,450.00 (100.0) Net income (loss) 8,010,565.78$ 1,815,900.00$ 6,194,665.78$ 341.1 1 Unaudited 2 Negatives are the result of FY21 accruals YTD as of : YTD Variance Actual1 378 Status Report October 31, 2021 ATTACHMENT 4 379 2 Table of Contents Traffic and Revenue ............................................................................................................................ 3 Traffic and Revenue Summary ........................................................................................................ 5 Peak-Hour Volumes ........................................................................................................................ 6 Customer Service ................................................................................................................................ 7 Performance Measures ................................................................................................................... 7 Customer Contact Activity .............................................................................................................. 7 Operational Highlights ........................................................................................................................ 8 On-Road Operations ....................................................................................................................... 8 Operational Activity ........................................................................................................................ 8 Financial Highlights ............................................................................................................................. 9 380 3 TRAFFIC AND REVENUE Total toll transactions on the 15 Express Lanes for October 2021 was 2,074,711. This represents a daily average of 66,926 transactions. Potential toll revenue for October was $2,720,017. Carpool percentage for October was 10%. Month-to-date traffic and revenue data is summarized in the table below. The following transactions and revenue statistics tables represent all transactions on the 15 Express Lanes and associated potential revenue for the month of October 2021. Current Month-to-Date as of October 31, 2021 SOV: Single Occupancy Vehicle HOV3+: High Occupancy Vehicle Transactions OCT-21 MTD Stantec MTD Projected # Variance % Variance SOV 1,866,959 HOV3+207,752 Total Gross Transactions 2,074,711 2,249,871 (175,160)(7.8%) Revenue SOV $2,720,017 HOV3+$0 Total Gross Revenue $2,720,017 $1,811,657 $908,360 50.1% Average Revenue per Transaction Average SOV $1.46 Average HOV3+ Average Gross Revenue $1.31 $0.81 $0.50 61.7% Direction SOV HOV3+ Transactions % Total Transactions Expected Revenue % Expected Revenue Northbound 934,214 99,614 1,033,828 49.8% $605,671 22.3% Southbound 932,745 108,138 1,040,883 50.2% $2,114,346 77.7% Totals 1,866,959 207,752 2,074,711 100.0% $2,720,017 100.0% 381 4 Fiscal year-to-date traffic and revenue data are summarized in the table below. The following transaction and revenue statistics represent all transactions on the 15 Express Lanes and associated potential revenue for the months of July 2021 through October 2021. Year-to-date average revenue per-transaction is $1.32. FY 2021-22 Year-to-Date as of October 31, 2021 Transactions FY 2021-22 YTD Actual Stantec YTD Projected # Variance % Variance SOV 6,992,541 HOV3+775,196 Total Gross Transactions 7,767,737 8,328,600 (560,863)(6.7%) Revenue SOV $10,249,147 HOV3+$0 Total Gross Revenue $10,249,147 $6,560,900 $3,688,247 56.2% Average Revenue per Transaction Average SOV $1.47 Average HOV3+$0.00 Average Gross Revenue $1.32 $0.79 $0.53 67.1% 382 5 TRAFFIC AND REVENUE SUMMARY The chart below reflects the total transactions breakdown between SOV and HOV3+ for FY 2021-22 on a monthly basis. The chart below reflects the gross potential revenue for FY 2021-22 on a monthly basis. 383 6 PEAK-HOUR VOLUMES The 15 Express Lanes will feature dynamic pricing, which adjusts toll rates based on traffic volumes and to maintain a free-flowing trip. In October, tolls were manually adjusted while the dynamic pricing engine was calibrated. Morning Peak Northbound 4:00 - 10:00 AM Afternoon Peak Southbound 2:00 - 8:00 PM HOV3+8.7%10.5% Highest Toll $1.50 $14.00 Highest Traffic Hour 5AM, 15N Cajalco /Magnolia 1,326 Transactions 2PM, 15S Magnolia/Cajalco 1,605 Transactions 384 7 CUSTOMER SERVICE PERFORMANCE MEASURES At the end of October 2021, Riverside Express had 7,767 customer accounts and 16,763 transponders classified as assigned. CUSTOMER CONTACT ACTIVITY During October, RiversideExpress.com was visited by 19,680 users and the Customer Service Center processed 1,405 pieces of correspondence. REPORTING REQUIREMENT PERFORMANCE STANDARD OCTOBER 2021 PERFORMANCE CUSTOMER ACCOUNTS Transponder Fulfillment 100% within 2 business days 100% within 1 business days Payment Posting 100% within 1 business days 99.9% within 1 business day CUSTOMER CALLS Average Wait Time Less than 150 seconds avg per week 7 seconds highest avg wait time Abandon Rate Less than 2%0.2% abandon rate Customer Satisfaction 90% minimum satisfaction rate 97.75% satisfaction rate CORRESPONDENCE Email Response 100% within 2 business days 100% within 2 business days Mail Response 100% within 3 business days 100% within 1 business day 385 8 OPERATIONAL HIGHLIGHTS ON-ROAD OPERATIONS Freeway Service Patrol responded to 32 calls during the month of October. Of those calls, 23 were to assist disabled vehicles, 2 calls to remove debris, and 7 were in response to accidents that affected the Express Lanes. OPERATIONAL ACTIVITY The Customer Service Center (CSC) is open and receiving customer calls regarding the 15 Express Lanes. Calls mostly consist of general inquiries about using the 15 Express Lanes and violations. The Walk-In Center (WIC) is open and servicing customers. During the month of October, 43 customers visited in the WIC. Most were violations customers and customers seeking assistance with their accounts. Operational activities on the roadway and in the CSC continue to function, including aiding stranded motorists, providing incident management services, dispatching emergency vehicles through the traffic operations center, and responding to customer service and violation calls. 386 9 FINANCIAL HIGHLIGHTS RCTC 15 Express Lanes Operating Statement 10/31/2021 Description Budget Dollar $ Percent (%) Operating revenues: Toll Revenue 9,959,742.95$ 7,199,933.33$ 2,759,809.62$ 38.3 Fee Revenue 1,557,857.01 657,333.33 900,523.68 137.0 Total operating revenues 11,517,599.96 7,857,266.67 3,660,333.29 46.6 Operating expenses: Salaries and Benefits 127,401.42 318,500.00 191,098.58 60.0 Legal Services 1,661.10 50,000.00 48,338.90 96.7 Advisory Services 13,077.85 1,666.67 (11,411.18) (684.7) Audit and Accounting Fees 6,000.00 9,600.00 3,600.00 37.5 Service Fees 5,208.86 5,200.00 (8.86) (0.2) Other Professional Services 157,735.19 262,166.67 104,431.48 39.8 Lease Expense 110.00 66.67 (43.33) (65.0) Operations 306,116.78 1,038,933.33 732,816.55 70.5 Utilities 35,114.88 61,700.00 26,585.12 43.1 Supplies and Materials 1,000.25 4,333.33 3,333.08 76.9 Membership and Subscription Fees - - - N/A Office Equipment & Furniture (Non-Capital)- 1,666.67 1,666.67 100.0 Maintenance/Repairs 86,251.70 176,166.67 89,914.97 51.0 Training Seminars and Conferences 1,570.09 533.33 (1,036.76) (194.4) Transportation Expenses - 800.00 800.00 100.0 Lodging - 433.33 433.33 100.0 Meals - 166.67 166.67 100.0 Other Staff Expenses 30.00 100.00 70.00 70.0 Advertising 1,231.22 81,000.00 79,768.78 98.5 Program Management 10,535.51 27,666.67 17,131.16 61.9 Program Operations 746,839.37 3,261,200.00 2,514,360.63 77.1 Litigation Settlement - - - N/A Furniture & Equipment - 8,333.33 8,333.33 100.0 Improvements - 8,333.33 8,333.33 100.0 Bad Debt Expense 104.30 - (104.30) N/A Total operating expenses 1,499,988.52 5,318,566.67 3,818,578.15 71.8 Operating income (loss)10,017,611.44 2,538,700.00 7,478,911.44 294.6 Nonoperating revenues (expenses): Interest Revenue 1,430.17 2,433.33 (1,003.16) 41.2 Other Miscellaneous Revenue - 32,666.67 (32,666.67) 100.0 Interest Expense 31,636.00 - 31,636.00 N/A Total nonoperating revenues (expenses)33,066.17 35,100.00 (2,033.83) 5.8 Transfers In - - - N/A Transfers Out (93,900.00) (152,600.00) 58,700.00 (38.5) Net income (loss) 9,956,777.61$ 2,421,200.00$ 7,535,577.61$ 311.2 1 Unaudited YTD as of : YTD Variance Actual1 387 Status Report November 30, 2021 ATTACHMENT 5 388 2 Table of Contents Traffic and Revenue ............................................................................................................................ 3 Traffic and Revenue Summary ........................................................................................................ 5 Peak-Hour Volumes ........................................................................................................................ 6 Customer Service ................................................................................................................................ 7 Performance Measures ................................................................................................................... 7 Customer Contact Activity .............................................................................................................. 7 Operational Highlights ........................................................................................................................ 8 On-Road Operations ....................................................................................................................... 8 Operational Activity ........................................................................................................................ 8 Financial Highlights ............................................................................................................................. 9 389 3 TRAFFIC AND REVENUE Total toll transactions on the 15 Express Lanes for November 2021 was 1,999,210. This represents a daily average of 66,640 transactions. Potential toll revenue for November was $2,598,387. Carpool percentage for November was 10.2%. Month-to-date traffic and revenue data is summarized in the table below. The following transactions and revenue statistics tables represent all transactions on the 15 Express Lanes and associated potential revenue for the month of November 2021. Current Month-to-Date as of November 30, 2021 SOV: Single Occupancy Vehicle HOV3+: High Occupancy Vehicle Transactions NOV-21 MTD Stantec MTD Projected # Variance % Variance SOV 1,794,667 HOV3+204,543 Total Gross Transactions 1,999,210 2,069,600 (70,390)(3.4%) Revenue SOV $2,598,387 HOV3+$0 Total Gross Revenue $2,598,387 $1,691,629 $906,758 53.6% Average Revenue per Transaction Average SOV $1.45 Average HOV3+ Average Gross Revenue $1.30 $0.82 $0.48 58.5% Direction SOV HOV3+ Transactions % Total Transactions Expected Revenue % Expected Revenue Northbound 910,807 99,600 1,010,407 50.5% $577,564 22.2% Southbound 883,860 104,943 988,803 49.5% $2,020,822 77.8% Totals 1,794,667 204,543 1,999,210 100.0% $2,598,387 100.0% 390 4 Fiscal year-to-date traffic and revenue data are summarized in the table below. The following transaction and revenue statistics represent all transactions on the 15 Express Lanes and associated potential revenue for the months of July 2021 through November 2021. Year-to-date average revenue per-transaction is $1.32. FY 2021-22 Year-to-Date as of November 30, 2021 Transactions FY 2021-22 YTD Actual Stantec YTD Projected # Variance % Variance SOV 8,787,208 HOV3+979,739 Total Gross Transactions 9,766,947 10,398,200 (631,253)(6.1%) Revenue SOV $12,847,534 HOV3+$0 Total Gross Revenue $12,847,534 $8,252,529 $4,595,005 55.7% Average Revenue per Transaction Average SOV $1.46 Average HOV3+$0.00 Average Gross Revenue $1.32 $0.79 $0.53 67.1% 391 5 TRAFFIC AND REVENUE SUMMARY The chart below reflects the total transactions breakdown between SOV and HOV3+ for FY 2021-22 on a monthly basis. The chart below reflects the gross potential revenue for FY 2021-22 on a monthly basis. 392 6 PEAK-HOUR VOLUMES The 15 Express Lanes will feature dynamic pricing, which adjusts toll rates based on traffic volumes and to maintain a free-flowing trip. In November, tolls were manually adjusted while the dynamic pricing engine was calibrated. Morning Peak Northbound 4:00 - 10:00 AM Afternoon Peak Southbound 2:00 - 8:00 PM HOV3+8.9%10.5% Highest Toll $1.30 $14.00 Highest Traffic Hour 7AM, 15N Sixth/SR60 1,410 Transactions 2PM, 15S Magnolia/Cajalco 1,569 Transactions 393 7 CUSTOMER SERVICE PERFORMANCE MEASURES At the end of November 2021, Riverside Express had 8,330 customer accounts and 18,266 transponders classified as assigned. CUSTOMER CONTACT ACTIVITY During November, RiversideExpress.com was visited by 19,020 users and the Customer Service Center processed 1,376 pieces of correspondence. REPORTING REQUIREMENT PERFORMANCE STANDARD NOVEMBER 2021 PERFORMANCE CUSTOMER ACCOUNTS Transponder Fulfillment 100% within 2 business days 100% within 1 business days Payment Posting 100% within 1 business days 99.9% within 1 business day CUSTOMER CALLS Average Wait Time Less than 150 seconds avg per week 8 seconds highest avg wait time Abandon Rate Less than 2%0.2% abandon rate Customer Satisfaction 90% minimum satisfaction rate 97.72% satisfaction rate CORRESPONDENCE Email Response 100% within 2 business days 100% within 2 business days Mail Response 100% within 3 business days 100% within 1 business day 394 8 OPERATIONAL HIGHLIGHTS ON-ROAD OPERATIONS Freeway Service Patrol responded to 46 calls during the month of November. Of those calls, 27 were to assist disabled vehicles, 7 calls to remove debris, and 12 were in response to accidents that affected the Express Lanes. OPERATIONAL ACTIVITY The Customer Service Center (CSC) is open and receiving customer calls regarding the 15 Express Lanes. Calls mostly consist of general inquiries about using the 15 Express Lanes and violations. The Walk-In Center (WIC) is open and servicing customers. During the month of November, 22 customers visited in the WIC. Most were violations customers and customers seeking assistance with their accounts. Operational activities on the roadway and in the CSC continue to function, including aiding stranded motorists, providing incident management services, dispatching emergency vehicles through the traffic operations center, and responding to customer service and violation calls. 395 9 FINANCIAL HIGHLIGHTS RCTC 15 Express Lanes Operating Statement 11/30/2021 Description Budget Dollar $ Percent (%) Operating revenues: Toll Revenue 12,391,407.22$ 8,999,916.67$ 3,391,490.55$ 37.7 Fee Revenue 1,874,909.30 821,666.67 1,053,242.63 128.2 Total operating revenues 14,266,316.52 9,821,583.33 4,444,733.19 45.3 Operating expenses: Salaries and Benefits 165,286.92 398,125.00 232,838.08 58.5 Legal Services 1,745.85 64,666.67 62,920.82 97.3 Advisory Services 13,077.85 2,083.33 (10,994.52) (527.7) Audit and Accounting Fees 20,527.50 12,000.00 (8,527.50) (71.1) Service Fees 5,208.86 6,500.00 1,291.14 19.9 Other Professional Services 187,107.34 325,541.67 138,434.33 42.5 Lease Expense 110.00 83.33 (26.67) (32.0) Operations 557,281.98 1,298,666.67 741,384.69 57.1 Utilities 52,635.05 77,125.00 24,489.95 31.8 Supplies and Materials 6,847.75 5,416.67 (1,431.08) (26.4) Membership and Subscription Fees - - - N/A Office Equipment & Furniture (Non-Capital)- 2,083.33 2,083.33 100.0 Maintenance/Repairs 182,776.44 220,208.33 37,431.89 17.0 Training Seminars and Conferences 1,570.09 666.67 (903.42) (135.5) Transportation Expenses - 1,000.00 1,000.00 100.0 Lodging - 541.67 541.67 100.0 Meals - 208.33 208.33 100.0 Other Staff Expenses 50.00 125.00 75.00 60.0 Advertising 1,231.22 101,250.00 100,018.78 98.8 Program Management 13,680.30 34,583.33 20,903.03 60.4 Program Operations 2,080,923.57 4,076,500.00 1,995,576.43 49.0 Litigation Settlement - - - N/A Furniture & Equipment - 10,416.67 10,416.67 100.0 Improvements 10,932.50 10,416.67 (515.83) (5.0) Bad Debt Expense 121.00 - (121.00) N/A Total operating expenses 3,301,114.22 6,648,208.33 3,347,094.11 50.3 Operating income (loss)10,965,202.30 3,173,375.00 7,791,827.30 245.5 Nonoperating revenues (expenses): Interest Revenue 1,430.17 3,041.67 (1,611.50) 53.0 Other Miscellaneous Revenue 24,343.74 40,833.33 (16,489.59) 40.4 Interest Expense (1,067,927.00) - (1,067,927.00) N/A Total nonoperating revenues (expenses)(1,042,153.09) 43,875.00 (1,086,028.09) 2,475.3 Transfers In - - - N/A Transfers Out (93,900.00) (190,750.00) 96,850.00 (50.8) Net income (loss) 9,829,149.21$ 3,026,500.00$ 6,802,649.21$ 224.8 1 Unaudited YTD as of : YTD Variance Actual1 396 Status Report December 31, 2021 ATTACHMENT 6 397 2 Table of Contents Traffic and Revenue ............................................................................................................................ 3 Traffic and Revenue Summary ........................................................................................................ 5 Peak-Hour Volumes ........................................................................................................................ 6 Customer Service ................................................................................................................................ 7 Performance Measures ................................................................................................................... 7 Customer Contact Activity .............................................................................................................. 7 Operational Highlights ........................................................................................................................ 8 On-Road Operations ....................................................................................................................... 8 Operational Activity ........................................................................................................................ 8 Financial Highlights ............................................................................................................................. 9 398 3 TRAFFIC AND REVENUE Total toll transactions on the 15 Express Lanes for December 2021 was 1,980,754. This represents a daily average of 63,895 transactions. Potential toll revenue for December was $2,485,691. Carpool percentage for December was 10.4%. Month-to-date traffic and revenue data is summarized in the table below. The following transactions and revenue statistics tables represent all transactions on the 15 Express Lanes and associated potential revenue for the month of December 2021. Current Month-to-Date as of December 31, 2021 SOV: Single Occupancy Vehicle HOV3+: High Occupancy Vehicle Transactions DEC-21 MTD Stantec MTD Projected # Variance % Variance SOV 1,775,095 HOV3+205,659 Total Gross Transactions 1,980,754 2,012,743 (31,989)(1.6%) Revenue SOV $2,485,691 HOV3+$0 Total Gross Revenue $2,485,691 $1,666,071 $819,620 49.2% Average Revenue per Transaction Average SOV $1.40 Average HOV3+ Average Gross Revenue $1.25 $0.83 $0.42 50.6% Direction SOV HOV3+ Transactions % Total Transactions Expected Revenue % Expected Revenue Northbound 885,941 99,087 985,028 49.7% $563,618 22.7% Southbound 889,154 106,572 995,726 50.3% $1,922,073 77.3% Totals 1,775,095 205,659 1,980,754 100.0% $2,485,691 100.0% 399 4 Fiscal year-to-date traffic and revenue data are summarized in the table below. The following transaction and revenue statistics represent all transactions on the 15 Express Lanes and associated potential revenue for the months of July 2021 through December 2021. Year-to-date average revenue per-transaction is $1.31. FY 2021-22 Year-to-Date as of December 31, 2021 Transactions FY 2021-22 YTD Actual Stantec YTD Projected # Variance % Variance SOV 10,562,303 HOV3+1,185,398 Total Gross Transactions 11,747,701 12,410,943 (663,242)(5.3%) Revenue SOV $15,333,225 HOV3+$0 Total Gross Revenue $15,333,225 $9,918,600 $5,414,625 54.6% Average Revenue per Transaction Average SOV $1.45 Average HOV3+$0.00 Average Gross Revenue $1.31 $0.80 $0.51 63.8% 400 5 TRAFFIC AND REVENUE SUMMARY The chart below reflects the total transactions breakdown between SOV and HOV3+ for FY 2021-22 on a monthly basis. The chart below reflects the gross potential revenue for FY 2021-22 on a monthly basis. 401 6 PEAK-HOUR VOLUMES The 15 Express Lanes will feature dynamic pricing, which adjusts toll rates based on traffic volumes and to maintain a free-flowing trip. In December, tolls were manually adjusted while the dynamic pricing engine was calibrated. Morning Peak Northbound 4:00 - 10:00 AM Afternoon Peak Southbound 2:00 - 8:00 PM HOV3+9.3%10.6% Highest Toll $1.50 $14.00 Highest Traffic Hour 5AM, 15N Cajalco/Magnolia 1,207 Transactions 4PM, 15S Magnolia/Cajalco 2,087 Transactions 402 7 CUSTOMER SERVICE PERFORMANCE MEASURES At the end of December 2021, Riverside Express had 8,848 customer accounts and 19,608 transponders classified as assigned. CUSTOMER CONTACT ACTIVITY During December, RiversideExpress.com was visited by 18,744 users and the Customer Service Center processed 1,413 pieces of correspondence. REPORTING REQUIREMENT PERFORMANCE STANDARD DECEMBER 2021 PERFORMANCE CUSTOMER ACCOUNTS Transponder Fulfillment 100% within 2 business days 100% within 1 business days Payment Posting 100% within 1 business days 100% within 1 business day CUSTOMER CALLS Average Wait Time Less than 150 seconds avg per week 3 seconds highest avg wait time Abandon Rate Less than 2%0.2% abandon rate Customer Satisfaction 90% minimum satisfaction rate 98.08% satisfaction rate CORRESPONDENCE Email Response 100% within 2 business days 100% within 1 business days Mail Response 100% within 3 business days 100% within 2 business day 403 8 OPERATIONAL HIGHLIGHTS ON-ROAD OPERATIONS Freeway Service Patrol responded to 38 calls during the month of December. Of those calls, 25 were to assist disabled vehicles, 9 calls to remove debris, and 4 were in response to accidents that affected the Express Lanes. OPERATIONAL ACTIVITY The Customer Service Center (CSC) is open and receiving customer calls regarding the 15 Express Lanes. Calls mostly consist of general inquiries about using the 15 Express Lanes and violations. The Walk-In Center (WIC) is open and servicing customers. During the month of December, 38 customers visited in the WIC. Most were violations customers and customers seeking assistance with their accounts. Operational activities on the roadway and in the CSC continue to function, including aiding stranded motorists, providing incident management services, dispatching emergency vehicles through the traffic operations center, and responding to customer service and violation calls. 404 9 FINANCIAL HIGHLIGHTS RCTC 15 Express Lanes Operating Statement 12/31/2021 Description Budget Dollar $ Percent (%) Operating revenues: Toll Revenue 14,866,594.30$ 10,799,900.00$ 4,066,694.30$ 37.7 Fee Revenue 2,198,398.65 986,000.00 1,212,398.65 123.0 Total operating revenues 17,064,992.95 11,785,900.00 5,279,092.95 44.8 Operating expenses: Salaries and Benefits 212,291.12 477,750.00 265,458.88 55.6 Legal Services 7,517.15 77,600.00 70,082.85 90.3 Advisory Services 13,077.85 2,500.00 (10,577.85) (423.1) Audit and Accounting Fees 20,527.50 14,400.00 (6,127.50) (42.6) Service Fees 8,427.18 7,800.00 (627.18) (8.0) Other Professional Services 196,662.63 390,650.00 193,987.37 49.7 Lease Expense 110.00 100.00 (10.00) (10.0) Operations 589,050.93 1,558,400.00 969,349.07 62.2 Utilities 61,176.78 92,550.00 31,373.22 33.9 Supplies and Materials 6,847.75 6,500.00 (347.75) (5.4) Membership and Subscription Fees - - - N/A Office Equipment & Furniture (Non-Capital)- 2,500.00 2,500.00 100.0 Maintenance/Repairs 225,216.43 264,250.00 39,033.57 14.8 Training Seminars and Conferences 1,570.09 800.00 (770.09) (96.3) Transportation Expenses - 1,200.00 1,200.00 100.0 Lodging - 650.00 650.00 100.0 Meals - 250.00 250.00 100.0 Other Staff Expenses 50.00 150.00 100.00 66.7 Advertising 1,231.22 121,500.00 120,268.78 99.0 Program Management 17,643.80 41,500.00 23,856.20 57.5 Program Operations 2,112,316.85 4,891,800.00 2,779,483.15 56.8 Litigation Settlement - - - N/A Furniture & Equipment - 12,500.00 12,500.00 100.0 Improvements 10,932.50 12,500.00 1,567.50 12.5 Bad Debt Expense 121.00 - (121.00) N/A Total operating expenses 3,484,770.78 7,977,850.00 4,493,079.22 56.3 Operating income (loss)13,580,222.17 3,808,050.00 9,772,172.17 256.6 Nonoperating revenues (expenses): Interest Revenue (43,010.63) 3,650.00 (46,660.63) 1,278.4 Other Miscellaneous Revenue 48,687.48 49,000.00 (312.52) 0.6 Interest Expense (2,373,017.00) - (2,373,017.00) N/A Total nonoperating revenues (expenses)(2,367,340.15) 52,650.00 (2,419,990.15) 4,596.4 Transfers In - - - N/A Transfers Out (4,498,408.31) (228,900.00) (4,269,508.31) 1,865.2 Net income (loss) 6,714,473.71$ 3,631,800.00$ 3,082,673.71$ 84.9 1 Unaudited YTD as of : YTD Variance Actual1 405 AGENDA ITEM 6J Agenda Item 6J RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: March 9, 2022 TO: Riverside County Transportation Commission FROM: Toll Policy and Operations Committee Reinland Jones, Toll Technology Manager THROUGH: Anne Mayer, Executive Director SUBJECT: 91 Express Lanes and 15 Express Lanes Channelizer Agreement TOLL POLICY AND OPERATIONS COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to: 1) Award Agreement No. 22-31-050-00 to Statewide Traffic Safety and Signs for channelizers for the 91 Express Lanes and 15 Express Lanes for a one-year term in the amount of $274,245, plus a contingency amount of $27,425, for a total amount not to exceed $301,670; 2) Authorize the Chair or Executive Director, pursuant to legal counsel review, to execute the agreement on behalf of the Commission; and 3) Authorize the Executive Director, or designee, to execute purchase orders to the vendor under the terms of the agreement. BACKGROUND INFORMATION: The Commission maintains the 91 Express Lanes and 15 Express Lanes, which includes the channelizers that provide a barrier between the general-purpose lanes and the express lanes. The channelizers reduce the opportunity for vehicles to enter or exit the express lanes in areas where they are not permitted and thus reduces the opportunity for evasion of the toll and disruption to the flow of traffic in both the express lanes and general-purpose lanes. Damaged or missing channelizers are replaced by Caltrans while performing their routine maintenance of the express lanes. Previously channelizers for the 91 Express Lanes were provided for under the Cofiroute, USA (Cofiroute) contract and the original channelizers and some spares for the 15 Express Lanes were provided as a part of the design build contract. The new Cofiroute contract does not provide for channelizers and the spares for the 15 Express Lanes have been depleted. The Commission has purchased channelizers four times through small purchase agreements of less than $25,000. In accordance with the Commission’s Procurement Policy Manual, under these conditions the Commission is required to receive three quotes. On all four occasions, Pexco LLC was the lowest bidder with a price of $32.65 per channelizer for the last purchase. As the Commission has a need to purchase channelizers in excess of the $25,000 limit provided for under the small purchase 406 Agenda Item 6J agreement guidelines, it was necessary to issue an Invitation for Bids (IFB) resulting in a purchase agreement with a channelizer provider. The proposed agreement is for the purchase of channelizers for the next twelve months. Based on historical channelizer needs, it is anticipated that approximately 6,000 channelizers will be needed for both the 91 and 15 Express Lanes over the next twelve months. Procurement Process IFB No. 22-31-043-00 for channelizers was originally released by staff on December 9, 2021 seeking a three-year term; however, the Commission received only one bid and the price was 45 percent higher than the recent price the Commission received through its small purchases process. Bidders indicated that the high price was attributed to uncertainty in the global supply chain beyond the first year. Subsequently, the term was shortened to one-year and a new bid, IFB No. 22-31-050-00, was released on January 12, 2022. The Commission received three bids. With each IFB issued, a public notice was advertised in the Press Enterprise and the IFB was posted on the Commission’s PlanetBids website, which is accessible through the Commission’s website. Utilizing PlanetBids, emails were sent to 217 firms. Three vendors submitted bids through the PlanetBids site. The Commission received three bids: Statewide Safety Programs, located in Riverside, California; Pexco LLC located in Tacoma, Washington; and Safety Zone America, Inc. located Lakeland, Florida. The bid included two types of channelizers, the UR channelizer and the EFX channelizer. The UR channelizer is currently used on both express lanes. The cost summary of each bid is shown in Table 1 for the UR channelizers and EFX channelizers. The unit price for each type of channelizer includes the cost of the channelizer, the base of the channelizer, and sales tax. The per unit cost for a UR channelizer with the lowest bidder, Statewide Safety Programs, is five cents more expensive than the most recent small purchase agreement. Statewide Safety Programs is a reputable provider of channelizers and proposed the shortest delivery time compared to the other bidders. Table 1 −Bids Proposer Name Total Bid Price Per Unit Price Total Bid Price Per Unit Price UR EFX 1 Statewide Safety Programs $196,213 $32.70 $274,245 $45.71 2 Pexco LLC $204,944 $34.16 $286,060 $47.68 3 Safety Zone Specialists $270,237 $45.04 $377,879 $62.98 The EFX channelizer specifications sheet shows the channelizer to be more durable and longer lasting. Staff plans to test the EFX channelizer to determine if the cost-benefit of this more 407 Agenda Item 6J expensive channelizer is in the best interest of the Commission. The EFX channelizers are 40 percent more expensive than the UR channelizers. The total contract amount is based on the EFX channelizer. RECOMMENDATION: The channelizers are an integral part of maintaining the safety and integrity of the express lanes toll systems and traffic operations; therefore, staff recommends award of Agreement No. 22-31-050-00 to Statewide Traffic Safety and Signs for channelizers for the 91 Express Lanes and 15 Express Lanes for a one-year term in the amount of $274,245, plus a contingency amount of $27,425, for a total amount not to exceed $301,670. FISCAL IMPACT: The FY 2021/22 budget includes an amount for channelizers; therefore, a budget adjustment is not required. Financial Information In Fiscal Year Budget: Yes N/A Year: FY 2021/22 FY 2022/23 Amount: $101,000 $200,670 Source of Funds: Toll Revenues Budget Adjustment: No N/A GL/Project Accounting No.: 009199 73305 00000 0000 591 31 73301 $181,002 001599 73305 00000 0000 515 31 73301 $120,668 Fiscal Procedures Approved: Date: 02/08/2022 Attachment: Draft Agreement No. 22-31-050-00 with Statewide Traffic Safety and Signs Approved by the Toll Policy and Operations Committee on February 24, 2022 In Favor: 6 Abstain: 0 No: 0 408 17336.03103\34323802.5 Agreement No. 22-31-050-00 RIVERSIDE COUNTY TRANSPORTATION COMMISSION EQUIPMENT PURCHASE AGREEMENT FOR CHANNELIZERS WITH [____________________] This Equipment Purchase Agreement (“Agreement”) is entered into this _____ day of __________, 2022, by and between the Riverside County Transportation Commission (“Commission”), and _____________________, with its principal place of business at ______________________ (“Contractor”). Commission and Contractor are sometimes individually referred to as “Party” and collectively as “Parties” in this Agreement. Section 1. DEFINITIONS. A. “Equipment” means all equipment, items, parts, materials, labor or other services, including design, and engineering services, provided by Contractor as specified in Exhibit “A,” attached hereto and incorporated herein by reference. B. “Delivery Date(s)” means that date or dates upon which the Equipment is to be delivered to Commission, ready for approval, testing and/or use as specified in Exhibit “B.” C. “Purchase Order” means an order issued by Commission, which shall be subject to and fulfilled by Contractor in accordance with all terms and conditions of this Agreement. Section 2. TERM. The term of this Agreement shall be one (1) year, commencing on the date first set forth above. Section 3. MATERIALS AND WORKMANSHIP. When Exhibit “A” specifies machinery, equipment or material by manufacturer, model or trade name, no substitution will be made without Commission’s written approval. Machinery, equipment or material installed in the Equipment without the approval required by this Section 2 will be deemed to be defective material for purposes of Section 5. Where machinery, equipment or materials are referred to in Exhibit “A” as equal to any particular standard, Commission will decide the question of equality. When requested by Commission, Contractor will furnish Commission with the name of the manufacturer, the performance capabilities and other pertinent information necessary to properly determine the quality and suitability of any machines, equipment and material to be incorporated in the Equipment. Material samples will be submitted at Commission’s request. 409 17336.03103\34323802.5 2 Section 4. INSPECTIONS AND TESTS. Commission shall have the right to inspect and/or test the Equipment prior to acceptance. If upon inspection or testing the Equipment or any portion thereof are found to be nonconforming, unsatisfactory, defective, of inferior quality or workmanship, or fail to meet any requirements or specifications contained in Exhibit “A,” then without prejudice to any other rights or remedies, Commission may reject the Equipment or exercise any of its rights under Section 5.B. The inspection, failure to make inspection, acceptance of goods, or payment for goods shall not impair Commission’s right to reject nonconforming goods, irrespective of Commission’s failure to notify Contractor of a rejection of nonconforming goods or revocation of acceptance thereof or to specify with particularity any defect in nonconforming goods after rejection or acceptance thereof. Section 5. WARRANTY. A. Contractor warrants that the Equipment will be of merchantable quality and free from defects in design, engineering, material and workmanship for a period of one (1) year, or such longer period as provided by a manufacturer’s warranty or as agreed to by Contractor and Commission, from the date of acceptance of the Equipment by Commission. Contractor further warrants that any services provided in connection with the Equipment will be performed in a professional and workmanlike manner and in accordance with the highest industry standards. The warranty shall not apply to Equipment damaged by drivers. B. For any breach of the warranties contained in Section 5.A, Contractor will, immediately after receiving notice from Commission, at the option of Commission, and at Contractor’s own expense and without cost to Commission: 1. Replace the defective Equipment with conforming Equipment, F.O.B. Commission’s plant, office or other location of Commission where the Equipment was originally performed or delivered; or 2. Repay to Commission the purchase price of the defective Equipment. If Commission selects replacement, any defects will be remedied without cost to Commission, including but not limited to, the costs of removal, and replacement of the defective Equipment, and reinstallation of new Equipment. All such defective Equipment that is so remedied will be similarly warranted as stated above. C. Contractor also warrants that the Equipment is free and clear of all liens and encumbrances whatsoever, that Contractor has a good and marketable title to same, and that Contractor owns or has a valid license for all of the proprietary technology and intellectual property incorporated within the Equipment. Contractor agrees to indemnify, defend and hold 410 17336.03103\34323802.5 3 Commission harmless against any and all third party claims resulting from the breach or inaccuracy of any of the foregoing warranties. D. In the event of a breach by Contractor of its obligations under this Section 5, Commission will not be limited to the remedies set forth in this Section 5, but will have all the rights and remedies permitted by applicable law, including without limitation, all of the rights and remedies afforded to Commission under the California Commercial Code. Section 6. PRICES. Unless expressly provided otherwise, all prices and fees specified in Exhibit “C,” attached hereto and incorporated herein by reference, are firm and shall not be subject to change without the written approval of Commission. No extra charges of any kind will be allowed unless specifically agreed to in writing by Commission’s authorized representative. The prices specified in Exhibit “C” include (i) all federal, state and local sales, use, excise, privilege, payroll, occupational and other taxes applicable to the Equipment; and (ii) all charges for packing, freight and transportation to destination. The total amount payable by Commission for all Purchase Orders under this Agreement shall not exceed a cumulative maximum total value of ________________ Dollars ($____________). It is understood and agreed that there is no guarantee, either expressed or implied that Purchase Orders in this dollar amount will be authorized under this Agreement. The total amount payable per Purchase Order shall be as set forth in the relevant Purchase Order. Section 7. CHANGES. Commission, at any time, by a written order, may make changes in the Equipment, including but not limited to, Commission’s requirements and specifications. If such changes affect the cost of the Equipment or time required for its performance, an equitable adjustment will be made in the price or time for performance or both. Any change in the price necessitated by such change will be agreed upon between Commission and Contractor and such change will be authorized by a change order document signed by Commission and accepted by Contractor. Section 8. PAYMENTS. A. Terms of payment for each Purchase Order, are net thirty (30) days, less any applicable credits, or after receipt of invoice. Contractor shall invoice in accordance to the delivery schedule but not more frequently than each billing period. Final payment shall be made by Commission after Contractor has satisfied all contractual requirements for a Purchase Order. Payment of invoices shall not constitute acceptance of Devices. B. No Equipment shall be delivered, and no payment made by 411 17336.03103\34323802.5 4 Commission therefor, unless authorized by a Purchase Order. All Purchase Orders shall be subject to and fulfilled by Contractor in accordance with all terms and conditions of this Agreement. C. Payments otherwise due may be withheld by Commission on account of defective Equipment not timely replaced in accordance with the warranty provisions, liens or other claims filed, reasonable evidence indicating probable filing of liens or other claims, failure of Contractor to make payments properly to its subcontractors or for material or labor, the failure of Contractor to perform any of its other obligations under the Agreement, or to protect Commission against any liability arising out of Contractor’s failure to pay or discharge taxes or other obligations. If the causes for which payment is withheld are removed, the withheld payments will be made promptly. If the said causes are not removed within a reasonable period after written notice, Commission may remove them at Contractor’s expense. Section 9. SCHEDULE FOR DELIVERY. A. The time of Contractor’s performance is of the essence for this Agreement. The Equipment will be delivered in accordance with the schedule set forth in Exhibit “B.” Contractor must immediately notify Commission in writing any time delivery is behind schedule or may not be completed on schedule. B. In the event that the Equipment is part of a larger project or projects that require the coordination of multiple contractors or suppliers, then Contractor will fully cooperate in scheduling the delivery so that Commission can maximize the efficient completion of such project(s). Section 10. TAXES. A. Contractor agrees to timely pay all sales and use tax (including any value added or gross receipts tax imposed similar to a sales and use tax) imposed by any federal, state or local taxing authority on the ultimate purchase price of the Equipment provided under this Agreement. B. Contractor will withhold, and require its subcontractors, where applicable, to withhold all required taxes and contributions of any federal, state or local taxing authority which is measured by wages, salaries or other remuneration of its employees or the employees of its subcontractors. Contractor will deposit, or cause to be deposited, in a timely manner with the appropriate taxing authorities all amounts required to be withheld. C. All other taxes, however denominated or measured, imposed upon the price of the Equipment provided hereunder, will be the responsibility of Contractor. In addition, all taxes assessed by any taxing jurisdiction 412 17336.03103\34323802.5 5 based on Contractor property used or consumed in the provision of the Equipment such as and including ad valorem, use, personal property and inventory taxes will be the responsibility of Contractor. D. Contractor will, upon written request, submit to Commission written evidence of any filings or payments of all taxes required to be paid by Contractor hereunder. Section 11. INDEPENDENT CONTRACTOR. Contractor enters into this Agreement as an independent contractor and not as an employee of Commission. Contractor shall have no power or authority by this Agreement to bind Commission in any respect. Nothing in this Agreement shall be construed to be inconsistent with this relationship or status. All employees, agents, contractors or subcontractors hired or retained by the Contractor are employees, agents, contractors or subcontractors of the Contractor and not of Commission. Commission shall not be obligated in any way to pay any wage claims or other claims made against Contractor by any such employees, agents, contractors or subcontractors or any other person resulting from performance of this Agreement. Section 12. SUBCONTRACTS. Unless otherwise specified, Contractor must obtain Commission’s written permission before subcontracting any portion of the Equipment. Except for the insurance requirements in Section 14.A, all subcontracts and orders for the purchase or rental of supplies, materials or equipment, or any other part of the Equipment, will require that the subcontractor be bound by and subject to all of the terms and conditions of the Agreement. No subcontract or order will relieve Contractor from its obligations to Commission, including, but not limited to Contractor’s insurance and indemnification obligations. No subcontract or order will bind Commission. Section 13. TITLE AND RISK OF LOSS. Unless otherwise agreed, Commission will have title to, and risk of loss of, all completed and partially completed portions of the Equipment upon delivery, as well as materials delivered to and stored on Commission property which are intended to become a part of the Equipment. However, Contractor will be liable for any loss or damage to the Equipment and/or the materials caused by Contractor or its subcontractors, their agents or employees, and Contractor will replace or repair said Equipment or materials at its own cost to the complete satisfaction of Commission. Notwithstanding the foregoing, in the event that the Commission has paid Contractor for all or a portion of the Equipment which remains in the possession of Contractor, then Commission shall have title to, and the right to take possession of, such Equipment at any time following payment therefor. Risk of loss for any Equipment which remains in the possession of Contractor shall remain with Contractor until such Equipment has been delivered or Commission has taken possession thereof. Contractor will have risk of loss or damage to Contractor’s property used in the construction of the Equipment 413 17336.03103\34323802.5 6 but which does not become a part of the Equipment. Section 14. INDEMNIFICATION. A. Contractor shall defend, indemnify and hold the Commission, its officials, officers, employees, volunteers and agents free and harmless from any and all claims, demands, causes of action, costs, expenses, liability, loss, damage or injury, in law or equity, to property or persons, including wrongful death, in any manner arising out of or incident to any alleged acts, omissions, negligence or willful misconduct of Contractor, its officials, officers, employees, agents, subcontractors and subconsultants arising out of or in connection with the Equipment or the performance of this Agreement, including without limitation the payment of all consequential damages and attorneys’ fees and other related costs and expenses except such loss or damage which was caused by the sole negligence or willful misconduct of the Commission. B. Contractor’s defense obligation for any and all such aforesaid suits, actions or other legal proceedings of every kind that may be brought or instituted against the Commission, its officials, officers, employees, agents or volunteers shall be at Contractor’s own cost, expense and risk. Contractor shall pay and satisfy any judgment, award or decree that may be rendered against Commission or its officials, officers, employees, agents or volunteers, in any such suit, action or other legal proceeding. Contractor shall reimburse Commission and its officials, officers, employees, agents and/or volunteers, for any and all legal expenses and costs incurred by each of them in connection therewith or in enforcing the indemnity herein provided. C. Contractor’s obligation to indemnify shall not be restricted to insurance proceeds, if any, received by the Commission, its officials, officers, employees, agents or volunteers. Section 15. INSURANCE. A. General. Contractor shall take out and maintain: 1. Commercial General Liability Insurance, of at least $2,000,000 per occurrence/ $4,000,000 aggregate for bodily injury, personal injury and property damage, at least as broad as Insurance Services Office Commercial General Liability most recent Occurrence Form CG 00 01; 2. Automobile Liability Insurance for bodily injury and property damage including coverage for owned, non-owned and hired vehicles, of at least $1,000,000 per accident for bodily injury and property damage, at least as broad as most recent Insurance Services Office Form Number CA 00 01 covering automobile 414 17336.03103\34323802.5 7 liability, Code 1 (any auto); 3. Workers’ Compensation in compliance with applicable statutory requirements and Employer's Liability Coverage of at least $1,000,000 per occurrence; and 4. Pollution Liability Insurance of at least $1,000,000 per occurrence and $2,000,000 aggregate shall be provided by the Contractor if transporting hazardous materials. 5. If Contractor is also the manufacturer of any equipment included in the Equipment, Contractor shall carry Product Liability and/or Errors and Omissions Insurance which covers said equipment with limits of not less than $1,000,000. B. Additional Insured; Primary; Waiver of Subrogation; No Limitation on Coverage. The policies required under this Section shall give Commission, its officials, officers, employees, agents or volunteers additional insured status. Such policies shall contain a provision stating that Contractor’s policy is primary insurance and that any insurance, self- insurance or other coverage maintained by the Commission or any additional insureds shall not be called upon to contribute to any loss, and shall contain or be endorsed with a waiver of subrogation in favor of the Commission, its officials, officers, employees, agents, and volunteers. The limits set forth herein shall apply separately to each insured against whom claims are made or suits are brought, except with respect to the limits of liability. Requirements of specific coverage or limits contained in this section are not intended as a limitation on coverage, limits, or other requirement, or a waiver of any coverage normally provided by any insurance. Any available coverage shall be provided to the parties required to be named as additional insured pursuant to this Agreement. C. Insurance Carrier. All insurance required under this Section is to be placed with insurers with a current A.M. Best’s rating no less than A:VIII, licensed to do business in California, and satisfactory to the Commission. D. Evidence of Insurance. Contractor shall furnish Commission with original certificates of insurance and endorsements effecting coverage required by the Agreement. The certificates and endorsements for each insurance policy shall be signed by a person authorized by that insurer to bind coverage on its behalf, and shall be on forms supplied or approved by the Commission. All certificates and endorsements must be received and approved by the Commission before delivery commences. The Commission reserves the right to require complete, certified copies of all required insurance policies, at any time. E. Subcontractors. All subcontractors shall meet the requirements of this 415 17336.03103\34323802.5 8 Section before commencing work. In addition, Contractor shall include all subcontractors as insureds under its policies or shall furnish separate certificates and endorsements for each subcontractor. All coverages for subcontractors shall be subject to all of the requirements stated herein. F. Freight. Contractor shall ensure that third party shippers contracted by Contractor have adequate insurance coverage for the shipped Equipment. Section 16. LIENS. A. Contractor, subcontractors and suppliers will not make, file or maintain a mechanic’s or other lien or claim of any kind or character against the Equipment, for or on account of any labor, materials, fixtures, tools, machinery, equipment, or any other things furnished, or any other work done or performance given under, arising out of, or in any manner connected with the Agreement (such liens or claims referred to as “Claims”); and Contractor, subcontractor and suppliers expressly waive and relinquish any and all rights which they now have, or may subsequently acquire, to file or maintain any Claim and Contractor, subcontractor and suppliers agree that this provision waiving the right of Claims will be an independent covenant. B. Contractor will save and hold Commission harmless from and against any and all Claims that may be filed by a subcontractor, supplier or any other person or entity and Contractor will, at its own expense, defend any and all actions based upon such Claims and will pay all charges of attorneys and all costs and other expenses arising from such Claims. Section 17. TERMINATION OF AGREEMENT OR PURCHASE ORDER BY COMMISSION. A. Should Contractor at any time refuse or fail to deliver the Equipment with promptness and diligence, or to perform any of its other obligations under this Agreement or any Purchase Order, Commission may terminate Contractor’s right to proceed with the delivery of the Equipment by written notice to Contractor. In such event Commission may obtain the Equipment by whatever method it may deem expedient, including the hiring of another Contractor or other contractors. In such case Contractor will not be entitled to receive any further payments, other than for Equipment delivered and accepted prior to termination.. If Commission’s cost of obtaining the Equipment, including compensation for additional managerial and administrative services, will exceed the unpaid balance of the relevant Purchase Order, Contractor will be liable for and will pay the difference to Commission. B. Commission may, for its own convenience, terminate this Agreement at any time, provided that no Purchase Order is outstanding at the time of 416 17336.03103\34323802.5 9 such termination. Such termination will be effective in the manner specified in such notice. C. Termination of this Agreement for convenience or cause shall be without prejudice to any claims which Commission may have against Contractor. Section 18. MISCELLANEOUS PROVISIONS. A. Delivery of Notices. All notices permitted or required under this Agreement shall be given to the respective parties at the following address or at such other address as the respective parties may provide in writing for this purpose: COMMISSION: Riverside County Transportation Commission 4080 Lemon Street, 3rd Floor Riverside, CA 92501 Attn: Executive Director CONTRACTOR: [INSERT] Such notice shall be deemed made when personally delivered or when mailed, forty-eight (48) hours after deposit in the U.S. Mail, first class postage prepaid and addressed to the party at its applicable address. Actual notice shall be deemed adequate notice on the date actual notice occurred, regardless of the method of service. B. Assignment or Transfer. Contractor shall not assign or transfer any interest in this Agreement whether by assignment or novation, without the prior written consent of the Commission, which will not be unreasonably withheld. Provided, however, that claims for money due or to become due Contractor from the Commission under this Agreement may be assigned to a financial institution or to a trustee in bankruptcy, without such approval. Notice of any assignment or transfer, whether voluntary or involuntary, shall be furnished promptly to the Commission. C. Successors and Assigns. This Agreement shall be binding on the successors and assigns of the Parties. D. Amendment; Modification. No supplement, modification or amendment of this Agreement shall be binding unless executed in writing and signed by both Parties. E. Waiver. No waiver of any default shall constitute a waiver of any other default or breach, whether of the same or other covenant or condition. No waiver, benefit, privilege or service voluntarily given or performed by a 417 17336.03103\34323802.5 10 Party shall give the other Party any contractual rights by custom, estoppel or otherwise. F. Governing Law. This Agreement shall be governed by the laws of the State of California. Venue shall be in Riverside County. G. Interpretation. Since the Parties or their agents have participated fully in the preparation of this Agreement, the language of this Agreement shall be construed simply, according to its fair meaning, and not strictly for or against any Party. H. No Third Party Beneficiaries. There are no intended third party beneficiaries of any right or obligation assumed by the Parties. I. Authority to Enter Agreement. Each Party warrants that the individuals who have signed this Agreement have the legal power, right and authority to make this Agreement and bind each respective Party. J. Invalidity; Severability. If any portion of this Agreement is declared invalid, illegal or otherwise unenforceable by a court of competent jurisdiction, the remaining provisions shall continue in full force and effect. K. Counterparts. This Agreement may be signed in counterparts, each of which shall constitute an original. L. Commission’s Right to Employ Other Contractors. Commission reserves its right to employ other contractors in connection with the Equipment. M. Entire Agreement. This Agreement constitutes the entire agreement between the Parties relative to the Equipment specified herein. There are no understandings, agreements, conditions, representations, warranties or promises with respect to this Agreement, except those contained in or referred to in the writing. N. Piggybacking. The Orange County Transportation Authority (“OCTA”) shall have the right, in its discretion, to utilize this Agreement for its own purchases during the term hereof, and Contractor has agreed to extend the terms of this Agreement to OCTA. This provision in no way commits OCTA to make any purchase under this Agreement. Any purchases made by OCTA pursuant to the terms of this Agreement shall be transactions between OCTA and Contractor, and Commission shall have no responsibility or liability whatsoever for any such purchases. O. Conflicting Provisions. In the event of any conflict between the terms of this Agreement and any exhibit or attachment hereto, the terms of this Agreement shall govern. 418 17336.03103\34323802.5 11 SIGNATURE PAGE FOR EQUIPMENT PURCHASE AGREEMENT BETWEEN THE RIVERSIDE COUNTY TRANSPORTATION COMMISSION AND [_________________] AGREEMENT NO. ___________ IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the day and year first above written. RIVERSIDE COUNTY TRANSPORTATION COMMISSION By: ____________________________ Jan Harnik, Chair [___INSERT____] By: ____________________________ Its: ____________________________ APPROVED AS TO FORM: By: _____________________ Best Best & Krieger LLP Counsel to the Riverside County Transportation Commission ATTEST: By: ____________________________ Its: _____________________________ A corporation requires the signatures of two corporate officers. One signature shall be that of the chairman of board, the president or any vice president and the second signature (on the attest line) shall be that of the secretary, any assistant secretary, the chief financial officer or any assistant treasurer of such corporation. If the above persons are not the intended signators, evidence of signature authority shall be provided to RCTC. 419 17336.03103\34323802.5 12 EXHIBIT “A” EQUIPMENT SPECIFICATIONS Item A: 8FG336WHTUR350 – FG300 36” Length White UR (Urethane) Post with 1ea. 3”x12” Strip of AR 1000 White Vertically Placed with a 800BASE100 – FG300 Black Base. Item B: 8FG336WHTEFX109 – FG300 36” Length white EFX Post with 3” x12” Strip of AR 1000 white Vertically Placed with a FG 300 LITE BLACK BASE. 420 17336.03103\34323802.5 Agreement No. 22-31-050-00 EXHIBIT “B” DELIVERY SCHEDULE DELIVERY: Equipment shall be delivered to Corona, CA 92879. [Additional details to be inserted from Bid Documents] 421 17336.03103\34323802.5 14 Exhibit “C” FEE SCHEDULE NAME OF CONTRACTOR: By executing this Agreement, the Contractor certifies and agrees that it has read and examined the Equipment Purchase Agreement documents, including all specifications and all exhibits for the following: The purchase and delivery of the __________________ as set forth in Exhibit “A” and “B.” The Contractor agrees to furnish all labor, materials, equipment, tools, transportation, and services, and to discharge all duties and obligations necessary and required under the Agreement for the following TOTAL PRICE: [FEE SCHEDULE FROM BID DOCUMENTS TO BE INSERTED] 422 AGENDA ITEM 6K Agenda Item 6K RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: March 9, 2022 TO: Riverside County Transportation Commission FROM: Western Riverside County Programs and Projects Committee Bryce Johnston, Capital Projects Manager THROUGH: Anne Mayer, Executive Director SUBJECT: Moreno Valley/March Field Metrolink Station Track and Platform Expansion Project Construction Agreement with Granite Construction Company, Environmental Mitigation, Tribal Monitoring, and Project Funding WESTERN RIVERSIDE COUNTY PROGRAMS AND PROJECTS COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to: 1) Award Agreement No. 21-33-095-00 to Granite Construction Company, as the lowest responsive, responsible bidder, for the construction of the Moreno Valley March Field Metrolink Station Track and Platform Expansion Project (Project) in the amount of $22,111,122, plus a contingency amount of $2,211,112, for a total amount not to exceed $24,322,234; 2) Approve Cooperative Agreement No. 21-33-097-00 between the Commission and Southern California Regional Rail Authority (SCRRA) for Construction of the Project in the amount of $2,421,000, plus a contingency amount of $242,100, for a total amount not to exceed $2,663,100; 3) Approve Agreement No. 22-33-035-00 with The Soboba Band of Luiseno Indians for Construction Monitoring of the Moreno Valley/March Field Metrolink Station Track and Platform Expansion Project in an amount not to exceed $25,000; 4) Approve an amendment to the Fiscal Year (FY) 2021/22- 2025/26 Short Range Transit Plan to program an additional $6,000,000 of Federal Transit Administration (FTA) Section 5307 funds for the Project; 5) Authorize the Chair or Executive Director, pursuant to legal counsel review, to execute the agreements on behalf of the Commission; and 6) Authorize the Executive Director or designee to approve contingency work pursuant to the agreement terms up to the total amount. BACKGROUND INFORMATION: The Commission, with the cooperation of the SCRRA, has been working over the past several years to develop the plans, specifications and estimate for the Project. This expansion of the Moreno Valley/March Field Metrolink Station is required for the projected near term and future 423 Agenda Item 6K increase in Metrolink ridership. The expansion will upgrade approximately 2 ½ miles of existing freight track with wood ties to new heavier track and concrete ties, an upgraded signal system, expansion of the existing platform and the addition of a new platform. The new platform will be fitted out with the same passenger amenities present at the existing platform, including canopies, a mini-high ADA platform, emergency telephone, electronic displays, and signage. Recent studies have found that there is a need to expand reverse commute and peak service between Perris and Riverside, as well as between Riverside, Los Angeles, Orange, and San Bernardino counties. In order for RCTC and SCRRA to provide enhanced peak period, intra-county service between Perris-Downtown and Riverside-Downtown, with the Moreno Valley/March Field Station area serving as a major employment center, RCTC proposes to upgrade the Moreno Valley/March Field Station with track and platform improvements. The Project is located on the West side of I-215, between Eastridge Avenue and North of Van Buren Boulevard on right of way owned by the Commission (Figure 1). Figure 1: Project Location Map Procurement Process On October 14, 2021, the Commission released Invitation for Bids (IFB) No. 21-33-095-00 for construction of the Project. A public notice was advertised in the Press Enterprise, and the complete IFB, including all contract documents, was posted on the Planet Bids website, which is accessible through the Commission’s website. Electronic mail messages were sent to vendors registered in the Commission’s Planet Bids database that fit the IFB qualifications. 132 firms downloaded the IFB; 30 of those firms are located in Riverside County. A pre-bid conference was 424 Agenda Item 6K held via Zoom on October 21, 2021. On December 23, 2021, 6 bids were received and publicly opened. A summary of the bids received is shown in Table 1. Table 1 Construction of Moreno Valley March Field Metrolink Station Track and Platform Expansion Firm (In order from Low Bid to High Bid) Bid Amount Engineer’s Estimate $17,012,084 1 Granite Construction Company $22,111,122 2 Reyes Construction $22,967,477 3 Herzog Contracting Corp. $24,365,869 4 Stacy and Witbeck, Inc. $24,980,000 5 Griffith Company $25,052,232 6 Flatiron West, Inc. $28,150,145 The basis for award of a public works contract is the lowest responsive and responsible bidder as defined by the Commission’s procurement policy and state law. The bid analysis (Attachment 1) shows the bid amounts of the three lowest apparent bidders, the total price per item and percent variation from the engineer’s estimate for each bid item. Staff, along with the design engineer and the construction management team, analyzed the three low bids received to determine why the bids were higher than the engineer’s estimate by approximately 30 percent. The following are the results of that assessment: 1. There is a delayed start provision in the contract of about 4 months due to long lead time required for procurement of some unique rail materials. The long lead time costs, include increased overhead, material and labor costs, would be a factor in the increased bid. 2. The degree of complexity in expanding an existing Metrolink Station track and platform and underground utility work in a congested, small area is a factor in increased costs. 3. Generally, the competition for labor and materials is greater today because of the current amount of work in Southern California, which leads to higher labor and material costs. 4. In addition, the current supply chain issues and general inflation impact the bid amounts. After analyzing the bids received, staff has concluded that the Granite Construction Company bid, in the amount of $22,111,122, is the lowest responsive and responsible bid received for the Project. Staff recommends award of Agreement No. 21-33-095-00 for the construction of the Project to Granite Construction Company in the amount of $22,111,122, plus a contingency amount of $2,211,112 to cover potential change orders encountered during construction, for a total amount not to exceed $24,322,234. A 10 percent contingency is assumed for this project. The construction will be funded by FTA Section 5307 funds. 425 Agenda Item 6K SCRRA Cooperative Agreement On January 16th, 2020, the Commission approved Cooperative Agreement No. 20-33-023-00 between the Commission and SCRRA which defined roles and responsibilities related to the preliminary engineering, environmental clearance and final design for the Project. The attached Agreement No. 21-33-097-00 is for SCRRA to provide construction support services. The Commission’s responsibilities include leading the construction phase, acquiring the necessary real estate interests, leading the public outreach effort, and advertising, awarding and administering the construction of the project. Staff recommends approval of Cooperative Agreement No. 21-33-097-00 between the Commission and SCRRA for construction support services in the amount of $2,421,000, plus a contingency amount of $242,100, for a total amount not to exceed $2,663,100. A 10 percent contingency is assumed for this project. The agreement will be funded by an FTA Grant. SCRRA will provide the following field and oversight services: 1. Project Management 2. Staff Support 3. Track Support Services 4. Communications and Signal (C&S) Support Services 5. Passenger Information Phone 6. Training/Flagging Tribal Monitoring During the environmental clearance of the Project, it was identified that there would be a need for monitoring by The Soboba Band of Luiseno Indians during grading operations to address any artifacts that may be uncovered. RCTC worked with The Soboba Band of Luiseno Indians to developed the attached Monitoring Agreement No. 22-33-035-00. Therefore, staff recommends approval of Agreement No. 22-33-035-00 with The Soboba Band of Luiseno Indians for construction monitoring of the Project in an amount not to exceed $25,000. This monitoring activity is not federally reimbursable and will be funded by Measure A Funds. Funding To date, the Commission has approved $26,257,000 in FTA Section 5307 funds to be allocated for this Project. Approximately $2,208,000 was used for preliminary engineering and $3,063,666 will be utilized for construction management and construction support services, thus requiring an additional $6,000,000 in FTA Section 5307 funds to cover the costs of construction and the SCRRA Cooperative Agreement. See table below for details. Current Approved Funding Revised Funding Estimates Additional Funding Design (FTA 5307) $ 4,536,000 $ 2,208,000 Construction (FTA 5307) 21,721,000 30,049,000 Total (FTA 5307) $ 26,257,000 $ 32,257,000 $ 6,000,000 426 Agenda Item 6K Staff recommends the Commission allocate an additional $6,000,000 of FTA Section 5307 funds to fully fund construction of the Project and amend the FY 2021/22 SRTP (Attachment 2). Staff will submit the necessary revisions to SCAG for the Federal Transportation Improvement Program approval. The FTA Section 5307 funds are formula funds from the Riverside-San Bernardino Urbanized Area, which the Commission has discretion to utilize for rail projects, and will be used for all federally-eligible expenditures. Other non-participating expenses such as tribal monitoring will be covered by Measure A and is approved in the current budget. Financial Information In Fiscal Year Budget: Yes Year: FY 2021/22 FY 2022/23+ Amount: $2,000,000 $25,010,334 Source of Funds: FTA Section 5307 Funds ($26,985,334) Measure A ($25,000) Budget Adjustment: No GL/Project Accounting No.: 653822 81304 00000 0000 265 33 81301 Fiscal Procedures Approved: Date: 02/18/2022 Attachments: 1) RCTC Bid Analysis 2) FY 2021/22 – 2025/26 SRTP Table 4.0 Summary of Funding Request Amendment No. 3 3) Draft Agreement No. 21-33-095-00 with Granite Construction Company 4) Draft Agreement No. 21-33-097-00 with SCRRA 5) Draft Agreement No. 21-33-035-00 with Soboba Band of Indians Approved by the Western Riverside County Programs and Projects Committee on February 28, 2022 In Favor: 12 Abstain: 0 No: 0 427 Riverside County Transportation Commission Bid Results for Project RCTC - CONSTRUCTION OF THE MORENO VALLEY MARCH FIELD METROLINK STATION TRACK AND PLATFORM EXPANSION PROJECT (IFB NO. 21-33-095-00) Issued on 10/14/2021 Bid Due on December 23, 2021 2:00 PM (PST)Flatiron 28,000,000$ Exported on 12/23/2021 Line Totals (Unit Price * Quantity) Item Num Section Item Code Description Reference Unit of Measure Quantity Eng'rs Estimate - Unit Price Eng'rs Estimate - Total Granite - Unit Price Granite - Line Total Diff from Eng'rs Est - Granite % Diff from Eng'rs Est - Granite Reyes Construction - Unit Price Reyes Construction - Line Total Herzog - Unit Price Herzog - Line Total 1 1 01 35 44.01 Petroleum-Impacted Waste Soils CY 3000 130.00$ 390,000.00$ $8.00 $24,000.00 -$366,000 -94%$99.00 $297,000.00 $114.00 $342,000.00 2 2 01 71 13.01 Mobilization, Demobilization, and Controls (Maximum of 5% o LS 1 1,475,976.00$ 1,475,976.00$ $883,640.00 $883,640.00 -$592,336 -40%$1,736,000.00 $1,736,000.00 $1,000,000.00 $1,000,000.00 3 3 3 31 00.01 Cast-in-Place Concrete (Foundations)Final Pay CY 241 385.00$ 92,785.00$ $1,500.00 $361,500.00 $268,715 290%$770.00 $185,570.00 $1,790.00 $431,390.00 4 4 3 31 00.02 Cast-in-Place Concrete (Platform, Slabs-on-Grade)Final Pay CY 356 486.24$ 173,100.00$ $2,200.00 $783,200.00 $610,100 352%$2,000.00 $712,000.00 $830.00 $295,480.00 5 5 3 31 00.03 Cast-in-Place Concrete (Retaining Walls)Final Pay CY 96 1,200.00$ 115,200.00$ $2,500.00 $240,000.00 $124,800 108%$936.00 $89,856.00 $650.00 $62,400.00 6 6 3 31 00.04 Cast-in-Place Concrete (Culvert Headwalls)Final Pay CY 31 1,500.00$ 46,500.00$ $7,300.00 $226,300.00 $179,800 387%$3,100.00 $96,100.00 $5,100.00 $158,100.00 7 7 3 31 00.05 Cast-in-Place Concrete (Mini-High Platforms)Final Pay CY 13 950.00$ 12,350.00$ $2,700.00 $35,100.00 $22,750 184%$1,555.00 $20,215.00 $1,150.00 $14,950.00 8 8 05 12 23.01 Structural Steel (Canopies)LS 1 674,520.66$ 674,520.66$ $1,112,000.00 $1,112,000.00 $437,479 65%$740,000.00 $740,000.00 $1,384,400.00 $1,384,400.00 9 9 05 52 00.01 Metal Hand Railing/Guardrail LF 160 180.00$ 28,800.00$ $315.00 $50,400.00 $21,600 75%$420.00 $67,200.00 $250.00 $40,000.00 10 10 07 41 13.01 Metal Roofing (Canopies)LS 1 321,247.33$ 321,247.33$ $200,000.00 $200,000.00 -$121,247 -38%$631,600.00 $631,600.00 $285,000.00 $285,000.00 11 11 08 80 00.01 Glazing for Canopy Windsreens SF 3518 4.50$ 15,831.00$ $27.00 $94,986.00 $79,155 500%$100.00 $351,800.00 $40.00 $140,720.00 12 12 9 61 50.01 Detectable Warning Tactile LF 850 78.00$ 66,300.00$ $235.00 $199,750.00 $133,450 201%$100.00 $85,000.00 $122.00 $103,700.00 13 13 9 61 50.02 5' x 3' Detectable Directional Tile (Platform)SF 300 55.00$ 16,500.00$ $140.00 $42,000.00 $25,500 155%$52.00 $15,600.00 $74.00 $22,200.00 14 14 09 61 50.03 2' x 3' Black/ White Detectable Warning Panels SF 30 55.00$ 1,650.00$ $200.00 $6,000.00 $4,350 264%$39.00 $1,170.00 $650.00 $19,500.00 15 15 9 90 00.01 Painting and Coating (Metal & Composite)SF 1352 30.00$ 40,560.00$ $26.00 $35,152.00 -$5,408 -13%$25.00 $33,800.00 $32.00 $43,264.00 16 16 9 96 23.01 Graffiti-Resistant Coating, Misc (Display Cases, Signage, Canop LS 1 65,000.00$ 65,000.00$ $10,000.00 $10,000.00 -$55,000 -85%$24,000.00 $24,000.00 $33,100.00 $33,100.00 17 17 10 14 23.01 Signage (Wayfinding/ Platform)LS 1 23,100.00$ 23,100.00$ $45,600.00 $45,600.00 $22,500 97%$80,100.00 $80,100.00 $28,840.00 $28,840.00 18 18 10 14 23.02 Display Case (Platform)EA 1 8,000.00$ 8,000.00$ $13,000.00 $13,000.00 $5,000 63%$15,000.00 $15,000.00 $19,000.00 $19,000.00 19 19 10 14 55.01 Railroad Signage LS 1 5,000.00$ 5,000.00$ $5,100.00 $5,100.00 $100 2%$14,800.00 $14,800.00 $7,000.00 $7,000.00 20 20 12 67 23.01 Benches EA 37 4,000.00$ 148,000.00$ $4,500.00 $166,500.00 $18,500 13%$2,900.00 $107,300.00 $3,600.00 $133,200.00 21 21 12 67 23.02 Trash Containers EA 10 2,000.00$ 20,000.00$ $6,000.00 $60,000.00 $40,000 200%$3,300.00 $33,000.00 $3,900.00 $39,000.00 22 22 22 05 00.01 Station Plumbing LS 1 50,285.52$ 50,285.52$ $100,000.00 $100,000.00 $49,714 99%$116,900.00 $116,900.00 $225,000.00 $225,000.00 23 23 26 05 00.01 Basic Electrical Materials and Methods LS 1 61,360.00$ 61,360.00$ $117,000.00 $117,000.00 $55,640 91%$125,100.00 $125,100.00 $163,800.00 $163,800.00 24 24 26 12 00.01 Receptacle Outlet Incl. Wiring LS 1 24,586.36$ 24,586.36$ $155,000.00 $155,000.00 $130,414 530%$165,800.00 $165,800.00 $217,000.00 $217,000.00 25 25 26 13 00.01 2" PVC Conduit w/ Pullwire (Communications)LF 2800 15.00$ 42,000.00$ $20.00 $56,000.00 $14,000 33%$27.00 $75,600.00 $24.00 $67,200.00 26 26 26 13 00.02 2" PVC Conduit (Power)LF 3500 15.00$ 52,500.00$ $20.00 $70,000.00 $17,500 33%$27.00 $94,500.00 $24.00 $84,000.00 27 27 26 13 00.03 4" PVC Conduit Spare LF 2800 22.00$ 61,600.00$ $30.00 $84,000.00 $22,400 36%$41.00 $114,800.00 $39.00 $109,200.00 28 28 26 13 00.04 Junction Boxes EA 2 1,639.09$ 3,278.18$ $11,000.00 $22,000.00 $18,722 571%$12,600.00 $25,200.00 $15,400.00 $30,800.00 29 29 26 13 00.05 Pullbox (Power/Communication)EA 45 1,311.27$ 59,007.15$ $1,150.00 $51,750.00 -$7,257 -12%$1,230.00 $55,350.00 $1,610.00 $72,450.00 30 30 26 50 00.01 Canopy Lighting EA 40 500.00$ 20,000.00$ $4,200.00 $168,000.00 $148,000 740%$4,500.00 $180,000.00 $5,880.00 $235,200.00 31 31 26 50 00.02 Pole Mounted Lighting EA 10 5,000.00$ 50,000.00$ $17,500.00 $175,000.00 $125,000 250%$18,700.00 $187,000.00 $24,500.00 $245,000.00 32 32 27 36 00.01 Emergency Telephone EA 2 4,500.00$ 9,000.00$ $17,500.00 $35,000.00 $26,000 289%$18,710.00 $37,420.00 $19,775.00 $39,550.00 33 33 27 36 00.02 Passenger Information Telephone EA 1 4,500.00$ 4,500.00$ $7,000.00 $7,000.00 $2,500 56%$7,500.00 $7,500.00 $9,800.00 $9,800.00 34 34 29 00 00.01 Customer Information System (CIS)LS 1 312,350.00$ 312,350.00$ $145,000.00 $145,000.00 -$167,350 -54%$155,000.00 $155,000.00 $203,000.00 $203,000.00 35 35 29 20 20.01 Communication Services LS 1 20,000.00$ 20,000.00$ $15,000.00 $15,000.00 -$5,000 -25%$16,000.00 $16,000.00 $21,000.00 $21,000.00 36 36 31 11 00.01 Site Clearing Final Pay LS 1 4,784.21$ 4,784.21$ $170,000.00 $170,000.00 $165,216 3453%$35,000.00 $35,000.00 $250,000.00 $250,000.00 37 37 31 11 50.01 Demolition, Cutting, and Patching Final Pay LS 1 25,000.00$ 25,000.00$ $70,000.00 $70,000.00 $45,000 180%$125,000.00 $125,000.00 $34,000.00 $34,000.00 38 38 31 20 00.01 Excavation Final Pay CY 16799 30.00$ 503,970.00$ $50.00 $839,950.00 $335,980 67%$53.00 $890,347.00 $43.00 $722,357.00 39 39 31 20 00.02 Embankment Fill Final Pay CY 2179 30.00$ 65,370.00$ $20.00 $43,580.00 -$21,790 -33%$23.00 $50,117.00 $32.00 $69,728.00 40 40 31 20 00.03 Structural Backfill Final Pay CY 553 137.33$ 75,943.49$ $110.00 $60,830.00 -$15,113 -20%$20.00 $11,060.00 $92.00 $50,876.00 41 41 32 12 00.01 HMA Walkways (4" AC over 5.5" AB)SF 3964 8.39$ 33,257.96$ $35.00 $138,740.00 $105,482 317%$12.00 $47,568.00 $13.00 $51,532.00 42 42 32 12 00.02 HMA under Turnouts and Crossovers TON 1068 135.00$ 144,180.00$ $300.00 $320,400.00 $176,220 122%$153.00 $163,404.00 $216.00 $230,688.00 43 43 32 31 13.01 6' Chain Link Fence LF 1009 65.00$ 65,585.00$ $54.00 $54,486.00 -$11,099 -17%$58.00 $58,522.00 $97.00 $97,873.00 44 44 32 31 13.02 8' Chain Link Fence LF 244 80.00$ 19,520.00$ $202.00 $49,288.00 $29,768 153%$218.00 $53,192.00 $120.00 $29,280.00 45 45 32 31 19.01 Tubular Steel Intertrack Fence - 6' high LF 343 176.61$ 60,577.23$ $142.00 $48,706.00 -$11,871 -20%$153.00 $52,479.00 $152.00 $52,136.00 46 46 32 31 19.02 Tubular Steel Intertrack Fence - 4' high LF 75 150.00$ 11,250.00$ $211.00 $15,825.00 $4,575 41%$226.00 $16,950.00 $107.00 $8,025.00 47 47 32 32 16.01 Gravity Block Retaining Walls LS 1 37,050.00$ 37,050.00$ $42,000.00 $42,000.00 $4,950 13%$43,900.00 $43,900.00 $62,500.00 $62,500.00 48 48 33 42 00.01 18" RCP Storm Drain LF 1029 225.00$ 231,525.00$ $100.00 $102,900.00 -$128,625 -56%$83.00 $85,407.00 $123.00 $126,567.00 49 49 33 42 00.02 48" Smooth Steel Pipe (SSP)LF 128 550.00$ 70,400.00$ $2,000.00 $256,000.00 $185,600 264%$1,200.00 $153,600.00 $1,140.00 $145,920.00 50 50 33 42 00.03 Manhole VF 16 1,000.00$ 16,000.00$ $3,500.00 $56,000.00 $40,000 250%$1,650.00 $26,400.00 $1,535.00 $24,560.00 51 51 33 42 00.04 Catch Basin/Grated Inlet EA 5 2,500.00$ 12,500.00$ $14,000.00 $70,000.00 $57,500 460%$5,800.00 $29,000.00 $4,400.00 $22,000.00 52 52 33 42 00.05 18" CMP Culverts - DELETED LF 0 125.00$ -$ $0.00 $0.00 $0 0%$0.00 $0.00 $0.00 $0.00 53 53 33 46 00.01 8" Perforated PVC Underdrain LF 68 66.67$ 4,533.56$ $210.00 $14,280.00 $9,746 215%$173.00 $11,764.00 $127.00 $8,636.00 54 54 33 46 00.02 Cleanouts EA 1 500.00$ 500.00$ $100.00 $100.00 -$400 -80%$2,300.00 $2,300.00 $320.00 $320.00 55 55 34 42 00.01 701 Signal Modification LS 1 26,750.00$ 26,750.00$ $4,600.00 $4,600.00 -$22,150 -83%$5,200.00 $5,200.00 $6,440.00 $6,440.00 56 56 34 42 00.02 CP Eastridge Modification LS 1 401,554.00$ 401,554.00$ $600,000.00 $600,000.00 $198,446 49%$656,700.00 $656,700.00 $800,800.00 $800,800.00 57 57 34 42 00.03 Leaving Signals LS 1 557,763.00$ 557,763.00$ $1,035,000.00 $1,035,000.00 $477,237 86%$1,168,000.00 $1,168,000.00 $1,449,000.00 $1,449,000.00 58 58 34 42 00.04 733 Signals LS 1 256,922.00$ 256,922.00$ $215,000.00 $215,000.00 -$41,922 -16%$241,500.00 $241,500.00 $299,600.00 $299,600.00 59 59 34 42 00.05 734 Signals LS 1 235,315.00$ 235,315.00$ $240,000.00 $240,000.00 $4,685 2%$269,800.00 $269,800.00 $332,200.00 $332,200.00 60 60 34 42 00.06 New CP LS 1 1,563,639.00$ 1,563,639.00$ $1,850,000.00 $1,850,000.00 $286,361 18%$2,078,800.00 $2,078,800.00 $2,430,000.00 $2,430,000.00 61 61 34 42 00.07 772 Signals LS 1 177,937.00$ 177,937.00$ $85,000.00 $85,000.00 -$92,937 -52%$94,800.00 $94,800.00 $117,600.00 $117,600.00 62 62 34 72 00.01 Rail & Tie Replacement: New 136 RE CWR on Concrete Ties TF 10806 270.00$ 2,917,620.00$ $278.00 $3,004,068.00 $86,448 3%$268.00 $2,896,008.00 $323.00 $3,490,338.00 63 63 34 72 00.02 Full Track Reconstruction: New 136 RE CWR on Concrete Ties TF 2715 400.00$ 1,086,000.00$ $425.00 $1,153,875.00 $67,875 6%$342.00 $928,530.00 $362.00 $982,830.00 64 64 34 72 00.03 Remove and Dispose Track TF 14286 27.50$ 392,865.00$ $13.50 $192,861.00 -$200,004 -51%$9.00 $128,574.00 $16.00 $228,576.00 65 65 34 72 00.04 Remove and Dispose Existing Turnout (#11)EA 1 20,000.00$ 20,000.00$ $16,000.00 $16,000.00 -$4,000 -20%$13,900.00 $13,900.00 $14,000.00 $14,000.00 66 66 34 72 00.05 Remove and Dispose Existing Turnout (#14)EA 1 20,000.00$ 20,000.00$ $23,600.00 $23,600.00 $3,600 18%$25,100.00 $25,100.00 $14,000.00 $14,000.00 67 67 34 72 00.06 Construct #10 Turnout (Hand Throw with Electric Lock)EA 1 225,000.00$ 225,000.00$ $360,000.00 $360,000.00 $135,000 60%$381,300.00 $381,300.00 $325,000.00 $325,000.00 68 68 34 72 00.07 Construct #24 Turnout (Power Operated)EA 1 500,000.00$ 500,000.00$ $700,000.00 $700,000.00 $200,000 40%$809,800.00 $809,800.00 $809,000.00 $809,000.00 69 69 34 72 00.08 Construct #24 Crossover (Power Operated)EA 2 1,020,000.00$ 2,040,000.00$ $1,325,000.00 $2,650,000.00 $610,000 30%$1,538,500.00 $3,077,000.00 $1,713,000.00 $3,426,000.00 70 70 34 72 00.09 Transition/Compromize Rails PR 3 4,000.00$ 12,000.00$ $8,100.00 $24,300.00 $12,300 103%$11,500.00 $34,500.00 $13,625.00 $40,875.00 71 71 34 72 00.10 Timber Transition Ties EA 144 50.00$ 7,200.00$ $420.00 $60,480.00 $53,280 740%$590.00 $84,960.00 $373.00 $53,712.00 72 72 34 72 00.11 Subballast CY 3758 55.00$ 206,690.00$ $110.00 $413,380.00 $206,690 100%$74.00 $278,092.00 $83.00 $311,914.00 73 73 34 72 20.01 Shift Existing Track TF 61 50.00$ 3,050.00$ $105.00 $6,405.00 $3,355 110%$148.00 $9,028.00 $58.00 $3,538.00 74 74 34 80 11.01 Stone Revetment (Rip Rap)CY 169 130.00$ 21,970.00$ $580.00 $98,020.00 $76,050 346%$317.00 $53,573.00 $360.00 $60,840.00 75 74 03 31 00.06 Cast-in-Place Concrete (Lined Grated Channels)Final Pay CY 43 1,199.42$ 51,575.00$ $18,000.00 $774,000.00 $722,425 1401%$15,600.00 $670,800.00 $8,900.00 $382,700.00 76 74 03 31 00.07 Cast-in-Place Concrete (Terrace Drain)Final Pay CY 121 550.00$ 66,550.00$ $1,000.00 $121,000.00 $54,450 82%$529.00 $64,009.00 $654.00 $79,134.00 77 74 05 52 10.01 Pedestrian Swing Gates EA 2 1,500.00$ 3,000.00$ $4,878.00 $9,756.00 $6,756 225%$5,200.00 $10,400.00 $1,640.00 $3,280.00 78 74 33 42 00.06 12" HDPE/PVC Storm Drain LF 436 175.00$ 76,300.00$ $140.00 $61,040.00 -$15,260 -20%$58.00 $25,288.00 $116.00 $50,576.00 79 74 34 72 00.12 Insulated Joints PR 16 8,000.00$ 128,000.00$ $6,200.00 $99,200.00 -$28,800 -23%$8,500.00 $136,000.00 $12,800.00 $204,800.00 80 74 34 72 00.14 Relocate No. 10 Turnout EA 1 15,000.00$ 15,000.00$ $71,000.00 $71,000.00 $56,000 373%$84,120.00 $84,120.00 $29,200.00 $29,200.00 81 74 347220.02 Surface Existing Track TF 3462 25.00$ 86,550.00$ $27.00 $93,474.00 $6,924 8%$42.00 $145,404.00 $27.00 $93,474.00 82 74 Premium for Builders Risk insurance including Acts of God coverage in an amount to cover 100% of the Project replacement costs in accordance with PCC § 7105 LS 1 20,000.00$ 20,000.00$ $1,000.00 $1,000.00 -$19,000 -95%$47,000.00 $47,000.00 $13,200.00 $13,200.00 Total 17,012,083.65$ 22,111,122.00$ $5,099,038 30.0%22,967,477.00$ 24,365,869.00$ % Higher or Lower than Low Bid -23.1%0%3.9%10.2% % Higher or Lower than Engineer's Estimate 0%30.0%35.0%43.2% Description Eng'rs Estimate - Total Granite - Line Total Diff from Eng'rs Est - Granite 1 Cast-in-Place Concrete (Foundations)92,785.00$ 361,500.00$ 268,715.00$ 2 Cast-in-Place Concrete (Platform, Slabs-on-Grade)173,100.00$ 783,200.00$ 610,100.00$ 3 Structural Steel (Canopies)674,520.66$ 1,112,000.00$ 437,479.34$ 4 Excavation 503,970.00$ 839,950.00$ 335,980.00$ 5 Leaving Signals 557,763.00$ 1,035,000.00$ 477,237.00$ 6 New CP 1,563,639.00$ 1,850,000.00$ 286,361.00$ 7 Construct #24 Turnout (Power Operated)500,000.00$ 700,000.00$ 200,000.00$ 8 Construct #24 Crossover (Power Operated)2,040,000.00$ 2,650,000.00$ 610,000.00$ 9 Subballast 206,690.00$ 413,380.00$ 206,690.00$ 10 Cast-in-Place Concrete (Lined Grated Channels)51,575.00$ 774,000.00$ 722,425.00$ Total 4,154,987.34$ ATTACHMENT 1 428 Amendment 2 Approved 12/22/2021 Project Total Amount of Funds 5307 RS 5307 RS CARES OB 5337 LCTOP PUC99313 LTF MA CR OTHR LCL SGR PUC99313 SGR PUC99314 SGR-OB STA PUC99313 Farebox Western County Rail Metrolink Operating Subsidy & Preventative Maintenance1 $21,474,584 $10,300,000 $864,540 $10,310,044 Next Generation Rail Study Phase II $400,000 $400,000 Program Management and Support2 $4,923,600 $2,067,700 $2,855,900 San Jacinto Line Right of Way Maintenance $2,336,300 $2,036,300 $300,000 Station Operations and Security $7,711,500 $2,186,400 $5,230,400 $294,700 Transfer Agreements $150,000 $150,000 Vanpool RCTC VanClub Operating Expenses $1,210,260 $431,600 $74,700 $30,000 $673,960 Sub-total Operating $38,206,244 $0 $12,918,000 $0 $864,540 $12,927,744 $10,197,300 $624,700 $0 $0 $0 $673,960 Project Total Amount of Funds 5307 RS 5307 RS CARES OB 5337 LCTOP PUC99313 LTF MA CR OTHR LCL SGR PUC99313 SGR PUC99314 SGR-OB STA PUC99313 Farebox Western County Rail Rail Stations - Capital Rehabilitation - WC 22-1 $1,500,000 $1,226,421 $273,579 Rail Stations - Capital Rehabilitation - WC 21-15 $0 $0 Moreno Valley/March Field Station Ped Bridge - WC - 22-2 $9,300,000 $9,300,000 Riverside Downtown Station Track and Platform3 - WC 22-3 $1,900,000 $1,900,000 RCTC Metrolink Capital Obligation - WC 22-4 $4,292,859 $4,226,859 $66,000 Coachella Valley Rail CV Rail Environmental/Service Development Plan - CV 22-1 4 $448,339 $448,339 Sub-total Capital $17,441,198 $9,300,000 $0 $4,226,859 $0 $0 $0 $66,000 $1,226,421 $273,579 $2,348,339 $0 Total Operating & Capital $55,647,442 $9,300,000 $12,918,000 $4,226,859 $864,540 $12,927,744 $10,197,300 $690,700 $1,226,421 $273,579 $2,348,339 $673,960 3 Reflects Western County Rail STA needed for ROW and related consulting. 4 Reflects Western County Rail STA's contribution for CV Rail. $189,339 from Coachella Valley and $259,000 from Western Riverside County Rail.5 Reflects a net zero amendment change that resulted in lower PUC 99314 SGR funds and a offsetting increase to PUC 99313 SGR funds Table 4.0 - Summary of Funding Request - FY2021/22 RCTC Western County Rail, Coachella Valley Rail, and Vanpool Programs Operating Capital 1 Total reflects an estimated full year subsidy with potential need for increases if 30% service reduction is reinstated. 2 Includes Rail program administration, capital support, marketing, rail safety education, professional services, and special trains. Allocations for salaries and benefits and professional development are subject to change pending the Commission's final budget approval. ATTACHMENT 2 429 Amendment 3 Project Total Amount of Funds 5307 RS 5307 RS CARES OB 5337 LCTOP PUC99313 LTF MA CR OTHR LCL SGR PUC99313 SGR PUC99314 SGR-OB STA PUC99313 Farebox Western County Rail Metrolink Operating Subsidy & Preventative Maintenance1 $21,474,584 $10,300,000 $864,540 $10,310,044 Next Generation Rail Study Phase II $400,000 $400,000 Program Management and Support2 $4,923,600 $2,067,700 $2,855,900 San Jacinto Line Right of Way Maintenance $2,336,300 $2,036,300 $300,000 Station Operations and Security $7,711,500 $2,186,400 $5,230,400 $294,700 Transfer Agreements $150,000 $150,000 Vanpool RCTC VanClub Operating Expenses $1,210,260 $431,600 $74,700 $30,000 $673,960 Sub-total Operating $38,206,244 $0 $12,918,000 $0 $864,540 $12,927,744 $10,197,300 $624,700 $0 $0 $0 $673,960 Project Total Amount of Funds 5307 RS 5307 RS CARES OB 5337 LCTOP PUC99313 LTF MA CR OTHR LCL SGR PUC99313 SGR PUC99314 SGR-OB STA PUC99313 Farebox Western County Rail Rail Stations - Capital Rehabilitation - WC 22-1 $1,500,000 $1,226,421 $273,579 Rail Stations - Capital Rehabilitation - WC 21-15 $0 $0 Moreno Valley/March Field Station Ped Bridge - WC - 22-2 6 $15,300,000 $15,300,000 Riverside Downtown Station Track and Platform3 - WC 22-3 $1,900,000 $1,900,000 RCTC Metrolink Capital Obligation - WC 22-4 $4,292,859 $4,226,859 $66,000 Coachella Valley Rail CV Rail Environmental/Service Development Plan - CV 22-1 4 $448,339 $448,339 Sub-total Capital $23,441,198 $15,300,000 $0 $4,226,859 $0 $0 $0 $66,000 $1,226,421 $273,579 $2,348,339 $0 Total Operating & Capital $61,647,442 $15,300,000 $12,918,000 $4,226,859 $864,540 $12,927,744 $10,197,300 $690,700 $1,226,421 $273,579 $2,348,339 $673,960 6 Reflects additional $6,000,000 in funding due to actual bid prices. Prior allocations: FY17 SRTP FTA 5307 $16.957, FY22 SRTP FTA 5307 $9.3 5 Reflects a net zero amendment change that resulted in lower PUC 99314 SGR funds and a offsetting increase to PUC 99313 SGR funds 4 Reflects Western County Rail STA's contribution for CV Rail. $189,339 from Coachella Valley and $259,000 from Western Riverside County Rail. 3 Reflects Western County Rail STA needed for ROW and related consulting. Table 4.0 - Summary of Funding Request - FY2021/22 RCTC Western County Rail, Coachella Valley Rail, and Vanpool Programs Operating Capital 1 Total reflects an estimated full year subsidy with potential need for increases if 30% service reduction is reinstated. 2 Includes Rail program administration, capital support, marketing, rail safety education, professional services, and special trains. Allocations for salaries and benefits and professional development are subject to change pending the Commission's final budget approval. 430 RIVERSIDE COUNTY TRANSPORTATION COMMISSION ************** CONTRACT ************** FOR CONSTRUCTION OF THE MORENO VALLEY MARCH FIELD METROLINK STATION TRACK AND PLATFORM EXPANSION PROJECT RCTC Agreement No. 21-33-095-00 October 14, 2021 BETWEEN RIVERSIDE COUNTY TRANSPORTATION COMMISSION AND GRANITE CONSTRUCTION COMPANY DR A F T ATTACHMENT 3 431 CONSTRUCTION OF THE MORENO VALLEY MARCH FIELD METROLINK STATION TRACK AND PLATFORM EXPANSION PROJECT RCTC AGREEMENT NO. 21-33-095-00 1. PARTIES AND DATE. This Contract is made and entered into this ____ day of ____________, 2022 by and between the Riverside County Transportation Commission (hereinafter called the "Commission") and Granite Construction Company (hereinafter called the "Contractor"). This Contract is for that Work described in the Contract Documents entitled CONSTRUCTION OF THE MORENO VALLEY MARCH FIELD METROLINK STATION TRACK AND PLATFORM EXPANSION PROJECT 2. RECITALS. 2.1 The Commission is a County Transportation Commission organized under the provisions of Sections 130000, et seq. of the Public Utilities Code of the State of California, with power to contract for services necessary to achieving its purpose; 2.2 Contractor, in response to a Notice Inviting Bids issued by Commission on October 14, 2021, has submitted a bid proposal FOR CONSTRUCTION OF THE MORENO VALLEY MARCH FIELD METROLINK STATION TRACK AND PLATFORM EXPANSION PROJECT 2.3 Commission has duly opened and considered the Contractor's bid proposal and duly awarded the bid to Contractor in accordance with the Notice Inviting Bids and other Bid Documents. 2.4 Contractor has obtained, and delivers concurrently herewith, Performance and Payment Bonds and evidences of insurance coverage as required by the Contract Documents. 3. TERMS. 3.1 Incorporation of Documents. This Contract includes and hereby incorporates in full by reference this Contract and the following Contract Documents provided with the above referenced Notice Inviting Bids, including all exhibits, drawings, specifications and documents therein, and attachments thereto, all of which, including all addendum thereto, are by this reference incorporated herein and made a part of this Contract: a. NOTICE INVITING BIDS b. INSTRUCTIONS TO BIDDERS c. CONTRACT BID FORMS d. FORM OF CONTRACT e. PAYMENT AND PERFORMANCE BOND FORMS DR A F T 432 f. ESCROW AGREEMENT FOR SECURITY DEPOSITS g. CONTRACT APPENDIX PART "A" - Regulatory Requirements and Permits PART "B" – General Conditions PART "C" – Special Provisions (Selected SCRRA Standard Specifications (under separate cover) PART "D" - Contract Plans (under separate cover) PART "E" - DBE Requirements PART "F" - Federal Minimum Wage Requirements PART "G" - Federal Transit Administration Requirements for Federal Aid Construction Contracts PART “H” - Cooperative Agreement RCTC and SCRRA PART “I” – Supplemental Materials h. ADDENDUM NO.(S) 1, 2, 3, 4, 5, 6, and 7 3.2 Contractor's Basic Obligation. Contractor promises and agrees, at his own cost and expense, to furnish to the Commission all labor, materials, tools, equipment, services, and incidental and customary work for the construction of the Riverside Downtown Metrolink Station Layover Facility Expansion Project. Notwithstanding anything else in the Contract Documents, the Contractor shall complete the Work for a total of Twenty-Two Million, One Hundred Eleven Thousand, Two Hundred Twenty-Two Dollars ($22,111,222), as specified in the bid proposal and pricing schedules submitted by the Contractor in response to the above referenced Notice Inviting Bids. Such amount shall be subject to adjustment in accor- dance with the applicable terms of this Contract. All Work shall be subject to, and performed in accordance with the above referenced Contract Documents. 3.3 Period of Performance. Contractor shall perform and complete all Work under this Contract within 440 working days of the effective date of the Limited Notice to Proceed, and in accordance with any completion schedule developed pursuant to provisions of the Contract Documents. Contractor agrees that if such Work is not completed within the aforementioned periods, liquidated damages will apply as provided by the applicable provisions of the General Conditions, found in Part "B" of the Contract Appendix. The amount of liquidated damages shall equal one thousand seven hundred dollars ($1,700.00) for each day or fraction thereof, it takes to complete the Work, or specified portion(s) of the Work, over and above the number of days specified herein or beyond the Project Milestones established by approved Construction Schedules. DR A F T 433 3.4 Commission's Basic Obligation. Commission agrees to engage and does hereby engage Contractor as an independent contractor to furnish all materials and to perform all Work according to the terms and conditions herein contained for the sum set forth above. Except as otherwise provided in the Contract Documents, the Commission shall pay to Contractor, as full con- sideration for the satisfactory performance by the Contractor of services and obligation required by this Contract, the above referenced compensation in accordance with Compensation Provisions set forth in the Contract Documents. 3.5 Contractor's Labor Certification. Contractor maintains that he is aware of the provisions of Section 3700 of the Labor Code which require every employer to be insured against liability for Worker's Compensation or to undertake self-insurance in accordance with the provisions of that Code, and agrees to comply with such provisions before commencing the performance of the Work. A certification form for this purpose is attached to this Contract as Exhibit “A” and incorporated herein by reference, and shall be executed simultaneously with this Contract. 3.6 Successors. The parties do for themselves, their heirs, executors, administrators, successors, and assigns agree to the full performance of all of the provisions contained in this Contract. Contractor may not either voluntarily or by action of law, assign any obligation assumed by Contractor hereunder without the prior written consent of Commission. 3.7 Notices. All notices hereunder and communications regarding interpretation of the terms of the Contract or changes thereto shall be provided by the mailing thereof by registered or certified mail, return receipt requested, postage prepaid and addressed as follows: Contractor: Commission: Granite Construction Company Riverside County Transportation Commission 38000 Monroe Street P.O. Box 12008 Indio, CA 92203 Riverside, California 92502-2208 Attn: Joseph P. Richardson Attn: Executive Director Any notice so given shall be considered received by the other party three (3) days after deposit in the U.S. Mail, first class postage prepaid, addressed to the party at the above address. Actual notice shall be deemed adequate notice on the date actual notice occurred, regardless of the method of service. DR A F T 434 CONTRACTOR RIVERSIDE COUNTY GRANITE CONSTRUCTION COMPANY TRANSPORTATION COMMISSION By: ______________________ By: _________________________ Name Anne Mayer Riverside County Transportation Commission ______________________ Title Tax I.D. Number: APPROVED AS TO FORM: By: _________________________ Best Best & Krieger LLP Counsel, RCTC DR A F T 435 EXHIBIT “A” CERTIFICATION LABOR CODE - SECTION 1861 I, the undersigned Contractor, am aware of the provisions of Section 3700 et seq. of the California Labor Code which require every employer to be insured against liability for Worker's Compensation or to undertake self-insurance in accordance with the provisions of the Code. I agree to and will comply with such provisions before commencing the Work governed by this Contract. CONTRACTOR: Name of Contractor: (Contractor Name) By: _______________________________ Signature _______________________________ Name _______________________________ Title _______________________________ Date  DR A F T 436 Page 1 of 18 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 COOPERATIVE AGREEMENT NO. 21-33-097-00 BETWEEN RIVERSIDE COUNTY TRANSPORTATION COMMISSION AND SOUTHERN CALIFORNIA REGIONAL RAIL AUTHORITY FOR MORENO VALLEY / MARCH FIELD STATION EXPANSION PROJECT THIS COOPERATIVE AGREEMENT (Agreement) is effective this _____ day of _____________ 2022, by and between the Riverside County Transportation Commission, a California public agency , 4080 Lemon St, Riverside, California 92501 (hereinafter referred to as “COMMISSION”), and the Southern California Regional Rail Authority, 900 Wilshire Blvd., Suite 1500, Los Angeles, California 90017, a joint powers authority (hereinafter referred to as “SCRRA”), which are individually referred to as “Party”, and collectively referred to as “Parties”. RECITALS: WHEREAS, SCRRA is a five-county joint powers authority, created pursuant to California Public Utilities Code Section 130255 and California Government Code Section 6500 et seq., to build, maintain, administer, and operate the “METROLINK” commuter train system on railroad rights-of-way owned by the member agencies and through other shared use and joint operation agreements. The five-county member agencies are comprised of the following: Los Angeles County Metropolitan Transportation Authority (LA METRO), Ventura County Transportation Commission (VCTC), Orange County Transportation Authority (OCTA), San Bernardino County Transportation Authority (SBCTA), and Riverside County Transportation Commission (RCTC); and WHEREAS, COMMISSION, as Riverside County’s transportation agency and a member agency of METROLINK, and SCRRA wish to work together to define the roles and responsibilities for capital improvements to the Moreno Valley / March Field Station to include the replacement & ATTACHMENT 4 437 COOPERATIVE AGREEMENT NO. 21-33-097-00/SCRRA #861014 MORENO VALLEY /MARCH FIELD STATION EXPANSION Page 2 of 18 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 signalization of approximately 2.5 miles of track, a new second passenger platform, and the extension of the existing passenger platform (hereinafter referred to as “PROJECT”); and WHEREAS, on January 16th, 2020 COMMISSION Board of Directors approved Cooperative Agreement C20-33-023-00 between COMMISSION and SCRRA which defined roles and responsibilities related to the design and design review for the Moreno Valley / March Field Station Expansion Project; and WHEREAS, COMMISSION has secured funding for the PROJECT under the Federal Transit Administration (“FTA”) grant number CA-2017-112-0 and intends to use FTA funding to reimburse SCRRA for the SERVICES; and WHEREAS, COMMISSION and SCRRA agree that COMMISSION shall be the lead on the construction phase of all improvements, acquire the necessary real estate interest, lead the public outreach effort, as identified in Exhibit A “COMMISSION SCOPE OF SERVICES” (COMMISSION SERVICES); and WHEREAS, COMMISSION agrees to pay SCRRA a total not to exceed amount of Two Million Six Hundred Sixty-Three Thousand and One Hundred Dollars ($2,663,100), for all work performed pursuant to Exhibit B – “SCRRA Scope of Services” (hereinafter referred to as “SERVICES”), attached herein; and WHEREAS, COMMISSION and SCRRA mutually agree the available funding to perform the SERVICES for the PROJECT shall be expended efficiently in compliance with all federal and state requirements utilizing COMMISSION’s Procurement Policies; and NOW, THEREFORE, it is mutually understood and agreed by COMMISSION and SCRRA as follows: / ARTICLE 1. COMPLETE AGREEMENT A. This Agreement, including any attachments incorporated herein and made applicable by reference, constitutes the complete and exclusive statement of the term(s) and conditions(s) of this 438 COOPERATIVE AGREEMENT NO. 21-33-097-00/SCRRA #861014 MORENO VALLEY /MARCH FIELD STATION EXPANSION Page 3 of 18 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 Agreement between COMMISSION and SCRRA and it supersedes all prior representations, understandings, and communications. The invalidity in whole or in part of any term or condition of this Agreement shall not affect the validity of other term(s) or conditions(s) of this Agreement. The above referenced Recitals are true and correct and are incorporated by reference herein. B. COMMISSION’s failure to insist on any instance(s) of SCRRA’s performance of any term(s) or condition(s) of this Agreement shall not be construed as a waiver or relinquishment of COMMISSION’s right to such performance or to future performance of such term(s) or condition(s), and SCRRA's obligation in respect thereto shall continue in full force and effect. Changes to any portion of this Agreement shall not be binding upon COMMISSION except when specifically confirmed in writing by an authorized representative of COMMISSION by way of a written amendment to this Agreement and issued in accordance with the provisions of this Agreement. C. SCRRA’s failure to insist on any instance(s) of COMMISSION’s performance of any term(s) or condition(s) of this Agreement shall not be construed as a waiver or relinquishment of SCRRA’s right to such performance or to future performance of such term(s) or condition(s), and COMMISSION’s obligation in respect thereto shall continue in full force and effect. Changes to any portion of this Agreement shall not be binding upon SCRRA except when specifically confirmed in writing by an authorized representative of SCRRA by way of a written amendment to this Agreement and issued in accordance with the provisions of this Agreement. ARTICLE 2. SCOPE OF AGREEMENT This Agreement specifies the roles and responsibilities of the Parties as they pertain to the subjects and projects addressed herein. Both COMMISSION and SCRRA agree that each will cooperate and coordinate with the other in all activities covered by this Agreement and any other supplemental agreements that may be required to facilitate purposes thereof. ARTICLE 3. DELEGATED AUTHORITY The actions required to be taken by SCRRA in the implementation of this Agreement are delegated to its Chief Executive Officer (CEO) or designee, and the actions required to be taken by 439 COOPERATIVE AGREEMENT NO. 21-33-097-00/SCRRA #861014 MORENO VALLEY /MARCH FIELD STATION EXPANSION Page 4 of 18 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 COMMISSION in the implementation of this Agreement are delegated to its Executive Director or designee. ARTICLE 4. RESPONSIBILITIES OF COMMISSION COMMISSION agrees to the following responsibilities for COMMISSION SERVICES: A. COMMISSION will assume the lead role for the construction and construction management of the track improvements, station improvements, railroad signal improvements, railroad communications improvements, instant messaging, right of way and public outreach related the PROJECT. B. Include SCRRA PM in all progress and planning meetings, schedule updates, and coordination for work windows. C. COMMISSION shall provide a full-time Resident Engineer/Project Manager with experience in railroad construction projects, on the site of the work during construction. The Resident Engineer/Project Manager must be an engineer licensed in the State of California and must have the authority to provide direction to the Contractor or Contractors employed by the COMMISSION, and to commit the COMMISSION within a reasonable scope of authority. SCRRA, at the cost and expense of the COMMISSION, will retain an inspector and Project Manager to make periodic reviews of the work insofar as the interests of SCRRA are affected. Resident Engineer shall coordinate the Contractor’s work schedule and progress with the SCRRA PM to provide advance notifications of work window requirements, upcoming activities and to ensure that the work does not impact SCRRA or freight railroad operations. D. COMMISSION will obtain approval from SCRRA for any construction phasing proposals, associated schedules, work plans and expected operational impacts at least sixty (60) days before the commencement of any work that has the potential to affect SCRRA operations, services, equipment, infrastructure or safety procedures. All construction phasing plans, demolition and abandonment, track removal, replacement and new installation must also be submitted for approval sixty (60) days prior to the start of the work. If no response is received from SCRRA within thirty (30) 440 COOPERATIVE AGREEMENT NO. 21-33-097-00/SCRRA #861014 MORENO VALLEY /MARCH FIELD STATION EXPANSION Page 5 of 18 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 days following the submittal, the construction phasing proposals, associated schedules, work plans and expected operation impacts may be considered approved by SCRRA. A detailed scope of responsibilities for work windows that affect PTC system modifications is set forth in item F below. E. COMMISSION shall, unless otherwise specified as SCRRA’s responsibility, be responsible for all coordination, permits, licenses and agreements required by Utility Companies, other Railroads, Third Parties and Statutory Authorities for the construction, testing and integration into operational service of the PROJECT. F. COMMISSION shall ensure that the contractor complies with all requirements of Exhibit C – Coordination Requirements and Responsibilities for Work Windows and PTC System Modifications. G. COMMISSION shall ensure that the contractor does not store materials or equipment upon the right-of-way in proximity of the track, that any material/equipment to be stored upon the right-of-way is first agreed with SCRRA and is secured, that a clear access path for maintenance or emergency vehicles is maintained at all times adjacent to tracks and that activities do not generate excessive dust. H. As agreed between COMMISSION and SCRRA, any salvaged material identified in writing as required for reuse by SCRRA within the SCRRA network shall be delivered by the Contractor to SCRRA premises. I. COMMISSION will ensure that all construction, materials, equipment and workmanship that are to become SCRRA’s responsibility to operate or maintain upon Revenue Service are fully inspected with appropriate accompanying site or supplier test certification, records, warranties and guarantees to meet SCRRA, Industry, and Statutory COMMISSION standards and requirements. J. COMMISSION or its contractor shall notify SCRRA’s designated railroad safety provider a minimum of three (3) weeks in advance of the daily Roadway Worker in Charge (RWIC) requirements for each week. Each RWIC shift shall comprise of 8 hours of support with a period of up to one hour either end of the shift solely for the purpose of establishing or taking down protection 441 COOPERATIVE AGREEMENT NO. 21-33-097-00/SCRRA #861014 MORENO VALLEY /MARCH FIELD STATION EXPANSION Page 6 of 18 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 as required. RWIC support shall be required at all times for any work within the railroad right -of-way or with the potential to foul the railroad. COMMISSION shall reimburse SCRRA directly for all RWIC costs. K. COMMISSION must advise the SCRRA Chief of Program Delivery in writing of the proposed completion date of the PROJECT sixty (60) days in advance of such completion date, to allow for a meeting and punch list walkthrough a minimum of forty-five (45) days prior to completion to be undertaken between COMMISSION, Contractor and SCRRA to inspect and record any outstanding work items, deficiencies or corrections required. All track, communication and station systems, and all supporting infrastructure are to be fully completed, tested and certified for functionality and operational compliance to FRA, SCRRA and other applicable standards and regulations. At completion and prior to SCRRA acceptance of the project into operational service, a further walkthrough will be arranged between all said parties to ensure all outstanding punch list items, defects, omissions, site clean-up and removal of materials/equipment with the potential to affect Railroad operations have been appropriately resolved. L. COMMISSION and its Prime Contractor will ensure that all workers, including subconsultants and subcontractors; comply with the requirements of SCRRA On-Track Safety Manual for Roadway Workers Section 3.0 Job Safety Briefings, including the completion of the daily SCRRA Safety Risk Analysis form, signing in with SCRRA’s RWIC at the start of work, and signing out with the RWIC when leaving the work area. M. COMMISSION will provide to SCRRA within sixty (60) days of final completion, copies of all as-constructed documentation and records pertaining to the project, to include, but not necessarily limited to; 1. As-constructed plans and shop drawings 2. QA/QC records 3. Materials compliance certification tests 4. Fabrications tests 442 COOPERATIVE AGREEMENT NO. 21-33-097-00/SCRRA #861014 MORENO VALLEY /MARCH FIELD STATION EXPANSION Page 7 of 18 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 5. Warranties and Guarantees 6. O&M manuals 7. Permits 8. Track and Communication system integrity and compliance test records in accordance with FRA regulations 9. Training materials for SCRRA Track and Communication staff as applicable 10. Bridge and Structures inspection records 11. Spare parts for track and communication systems ordered by the Contra ctor but not used in the PROJECT 12. Spare parts for any components or systems installed by COMMISSION in completion of the track system that are technologically more advanced, or additional to, SCRRA current design criteria or maintenance standards N. COMMISSION will incorporate all requirements of this AGREEMENT into bid documentation and the construction contract with the Contractor pertaining to responsibilities of the Contractor. O. Prior to commencement of Revenue Service from the Moreno Valley / March Field Station additional platform, COMMISSION will coordinate with SCRRA for any Public Relations support services that may be required from SCRRA for public notification. The COMMISSION shall be responsible for all SCRRA costs for such support. P. Except as permitted through authorized work windows, COMMISSION, its officers, employees’ agents, assigns, contractors and vendors, shall not interfere with the operation of Metrolink commuter train service. Q. COMMISSION, its officers, employees’ agents, assigns, contractors and vendors, shall not enter onto railroad right-of-way unless COMMISSION has received prior written permission from SCRRA and made arrangements to comply with all SCRRA safety and protective services. At the sole discretion of SCRRA, SCRRA may require COMMISSION, its officers, employees’ agents, 443 COOPERATIVE AGREEMENT NO. 21-33-097-00/SCRRA #861014 MORENO VALLEY /MARCH FIELD STATION EXPANSION Page 8 of 18 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 assigns, contractors and vendors, to attend SCRRA safety orientation class prior to receiving permission to enter the railroad right-of-way. R. COMMISSION, its officers, employees’ agents, assigns, contractors and vendors, shall immediately contact SCRRA in the event of any known condition which might impact the safe operation of the railroad. The following are SCRRA’s emergency numbers: Dispatch and Operations Center (909) 593-0661 Signal Emergencies and Crossing Problems (888) 446-9721 S. The COMMISSION or the Contractor is responsible for the location and protection of any and all surface, sub-surface, and overhead utilities and structures. Approval of application by SCRRA does not constitute a representation as to the accuracy of completeness of location or the existence or non-existence of any utilities or structures within the limits of this project. T. Before excavating, the Applicant must determine whether any underground pipe lines, electric wires, or cables, including fiber optic cable systems, are present and located within the Project work area by calling the Southern California Underground Service Alert at 811. SCRRA is not a member of Underground Service Alert (DIGALERT) and SCRRA signal and communication lines must be located by contacting the SCRRA Signal Department. 1. SCRRA is not a member of DIGALERT. Call SCRRA’s Signal Department at (909) 592-1346 a minimum of five days prior to beginning construction to mark signal and communication cables and conduits. To assure cables and conduits have been marked, no work may proceed until a SCRRA dig number has been provided. Contractor shall pot-hole to confirm location, alignment and depth of all services within the footprint of any proposed excavations and protect services in place, to SCRRA agreement, prior to commencing any excavation. 2. In case of signal emergencies or grade crossing problems, call SCRRA’s 24-hour signal emergency number 1-888-446-9721. 444 COOPERATIVE AGREEMENT NO. 21-33-097-00/SCRRA #861014 MORENO VALLEY /MARCH FIELD STATION EXPANSION Page 9 of 18 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 U. This Agreement is not in lieu of the SCRRA’s Permitting and Right-of-Entry process. The COMMISSION and its consultants and contractors are required at all times to follow all SCRRA Form 6 and 37 requirements for any persons, work or equipment upon the railroad right-of-way and other applicable guidelines and directives. Applicants must submit SCRRA’s Form 6 prior to entering or beginning work on Railroad Right-of-Way and before SCRRA support services will be scheduled or provided including: RWIC, Flagging, SCRRA Cable and Signal Marking, and SCRRA Safety. Forms 6 and 37 may be found on the Metrolink website at the following location: https://www.metrolinktrains.com/about/agency/engineering--construction/ V. SCRRA and COMMISSION shall establish mutually agreeable work windows for the PROJECT prior to advertising the PROJECT for bid. Service levels are currently 10 commuter and 3 freight trains through the project area in a 24-hour period. All work within the railroad right-of-way will require railroad protective services, unless specified otherwise by SCRRA. SCRRA will provide: • Two (2) 52-hour weekend absolute work windows when train service will be suspended on all tracks, to facilitate construction, testing and integration of new crossovers and turnouts. All absolute windows will require a minimum of sixty (60) days advance notice to allow coordination, notification and implementation of changes to Positive Train Control (PTC) critical features – refer to Exhibit C. Windows on consecutive weekends will not be permissible - a minimum of two weeks is required between windows. • Two (2) four-day freight windows to facilitate upgrading of the existing drill track. RCTC will lead the coordination effort with BNSF to schedule these freight windows. • Limited track windows upon either the Main Track or new siding track to facilitate construction of the alternate track and station platforms, to be coordinated a minimum of twenty-one (21) days in advance. Any limited work windows that will result in changes to PTC critical features must be coordinated a minim um of sixty (60) days in advance – refer to Exhibit C. 445 COOPERATIVE AGREEMENT NO. 21-33-097-00/SCRRA #861014 MORENO VALLEY /MARCH FIELD STATION EXPANSION Page 10 of 18 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 • Work during the day will be under Form “B” protection between the hours of 6:00 AM and 6:00 PM • COMMISSION shall ensure that its contractor(s) coordinate and comply with RWIC directions and all times, standing down and securing any equipment as directed while a train passes by. • The Contractor's operations are subordinate to the operation of trains on the SCRRA right-of way, whether passenger or freight. All work upon the SCRRA right-of-way shall be done at such times and in such a manner as not to interfere with or endanger the SCRRA Operations. SCRRA will strive to cooperate with the Contractor such that the work may be handled and performed in an efficient manner, however, COMMISSION and it’s Contractor(s) will have no claim with SCRRA whatsoever for any type of damages or for extra or additional compensation in the event its work is delayed by rail operations. Should, due to train operations or service obligations or other reasons provided in this Agreement, it become impracticable to provide the work window on the dates established, SCRRA will provide the work window at the next reasonable available opportunity. SCRRA shall not be responsible for any additional costs and expenses resulting from a change in work windows. SCRRA shall notify COMMISSION immediately of the need for such a change in work windows. ARTICLE 5. RESPONSIBILITIES OF SCRRA SCRRA agrees to the following responsibilities for SCRRA SERVICES: A. That the available funding to perform the SERVICES for the PROJECT shall be expended efficiently in compliance with all federal and state requirements utilizing SCRRA’s FTA eligible existing on-call consultants and/or job order contractors and/or new FTA compliant procurement for construction and construction management as necessary. B. To designate a Project Manager as the point of contact and to manage the PROJECT through completion. 446 COOPERATIVE AGREEMENT NO. 21-33-097-00/SCRRA #861014 MORENO VALLEY /MARCH FIELD STATION EXPANSION Page 11 of 18 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 C. To provide SCRRA SERVICES through final completion in accordance with EXHIBIT B. D. SCRRA shall review the resumes of proposed key contractor staff for track, signal, and communication system construction and testing and notify the COMMISSION of any concerns based on experience, qualifications or prior performance of a key staff member. The COMMISSION may, at its sole discretion, request the staff member be replaced by the contractor. E. SCRRA shall, for operational system cut-overs and critical system integration: 1. Undertake all work as defined within Exhibit C for work windows that affect PTC modifications and for final integration of the PROJECT under PTC so as to facilitate Revenue Service implementation. 2. Perform final system testing and integration into SCRRA networks for: • Communication Shelters • Backbone Fiber connections • Customer Information Systems (CIS) F. SCRRA shall inspect the track in a timely manner after each phase of construction prior to placing the track back in service. G. To provide timely review and responses to all requests from COMMISSION and to not unreasonably withhold approval of any requests. H. To comply with state and federal environmental requirements as necessary for the PROJECT. I. To be responsible for the following: railroad operations and maintenance and management of work windows for PROJECT. J. To perform SERVICES in accordance with the approved project schedule. K. To minimize rail service disruptions by reviewing the construction phasing plan and work windows necessary to complete the PROJECT. L. Prior to completion and return to operational service of any work window involving track construction, SCRRA shall ensure that their Maintenance Contractor stabilizes the track throughout 447 COOPERATIVE AGREEMENT NO. 21-33-097-00/SCRRA #861014 MORENO VALLEY /MARCH FIELD STATION EXPANSION Page 12 of 18 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 the entire limits of the work window once all trackwork components and installation is completed so as to minimize the requirement for temporary speed restrictions in operational service. M. SCRRA will not invoice for overhead until it receives formal approval of its provisional overhead rates. Once the Federal Transit Administration, SCRRA’s cognizant audit agency, has approved the final rate at the completion of its audit and an adjustment to the previously-approved provisional rate is required, SCRRA will make true-up adjustments and invoice accordingly. N. To submit an invoice to COMMISSION for fifty percent (50%) of total estimated costs associated with the PROJECT within thirty (30) days of the execution of this AGREEMENT. Following completion of PROJECT, SCRRA shall submit the final invoice to COMMISSION detailing PROJECT expenses. SCRRA must submit this invoice for all work performed to COMMISSION’s Accounts Payable office. Each SCRRA invoice shall include the following information: 1. Agreement Number 21-33-097-00; 2. SCRRA Project Number 861014; 3. The time period covered by the invoice; 4. Progress Report, which includes a detailed description of the services performed; 5. Such other information as requested by COMMISSION. O. To submit a quarterly SERVICES summary report, which shall include a line item for remaining funds, changes that must be pre-approved by COMMISSION and a line item for any contingency within the summary budget amount for the SERVICES. P. To submit for COMMISSION’s review and approval, changes to the SERVICES costs within seven (7) days of identifying change. Q. To notify COMMISSION in writing when seventy-five (75%) of the deposited funds have been exhausted and include an estimate of what, if any, additional funds are estimated to be needed to complete the SERVICES contemplated under this AGREEMENT. R. Within one hundred eighty (180) days from completion of SERVICES and payment of all vendor and contractor invoices and retention, SCRRA will reimburse the COMMISSION for any 448 COOPERATIVE AGREEMENT NO. 21-33-097-00/SCRRA #861014 MORENO VALLEY /MARCH FIELD STATION EXPANSION Page 13 of 18 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 unused funds along with a final progress report, including final expenditures. S. SCRRA shall conduct all of its activities in association with the PROJECT in a good and competent manner and in compliance with all applicable federal, state and local rules, grant requirements and regulations and SCRRA's standards, policies, practices and guidelines, T. SCRRA shall comply with all funding and grant requirements for those funds that will be used to pay for SERVICES. SCRRA shall comply with all contractual provisions required by the FTA and the FTA Master Agreement, including those provisions contained in Exhibit D. The requirements set forth in FTA Circular 4220.1F, as may be amended, are hereby incorporated by reference into this Agreement. In the case of any conflict between the terms of this Agreement and any FTA mandated terms set forth in the FTA Master Agreement, FTA Circular 42201.F or the attached Exhibit D (collectively, “FTA Requirements”) as may be amended, the FTA Requirements shall control. U. To provide Right-of-Entry agreement(s), as may be necessary for the PROJECT, upon request by COMMISSION or its contractor after completing SCRRA’s generally applicable process. ARTICLE 6. MAXIMUM OBLIGATION Notwithstanding any provisions of this Agreement to the contrary, COMMISSION and SCRRA mutually agree that RCTC’s maximum cumulative payment obligation hereunder shall be Two Million Six Hundred Sixty-Three Thousand and One Hundred Dollars ($2,663,100), unless agreed to and amended by both Parties. ARTICLE 7. AUDIT AND INSPECTION SCRRA shall maintain a complete set of records in accordance with generally accepted accounting principles. Upon reasonable notice, SCRRA shall permit the authorized representatives of COMMISSION to inspect and audit all work, materials, payroll, books, accounts and other data and records of SCRRA for a period of four (4) years after final payment, or until any on-going audit is completed. For purposes of audits, the date of completion of this Agreement shall be the date of FTA’s payment of SCRRA’s final billing (so noted on the invoice) under this Agreement. COMMISSION shall 449 COOPERATIVE AGREEMENT NO. 21-33-097-00/SCRRA #861014 MORENO VALLEY /MARCH FIELD STATION EXPANSION Page 14 of 18 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 have the right to reproduce any such books, records and accounts. The above provision with respect to audits shall extend to and/or be included in contracts with SCRRA’s contractor. ARTICLE 8. INDEMNIFICATION A. SCRRA shall indemnify and hold harmless COMMISSION, its officers, directors, employees and agents from and against any and all claims (including attorney's fees and reasonable expenses for litigation or settlement) for any loss or damages, bodily injuries, including death, worker’s compensation subrogation claims, damage to property to the extent a trier of fact determines same is actually caused by the negligent acts, omissions or willful misconduct of SCRRA, its officers, directors, employees or agents in the performance of this Agreement. B. COMMISSION shall indemnify, defend and hold harmless SCRRA, its officers, directors, employees and agents from and against any and all claims (including attorney's fees and reasonable expenses for litigation or settlement) for any loss or damages, bodily injuries, including death, worker’s compensation subrogation claims, damage to property to the extent actually caused by the negligent acts, omissions or willful misconduct by COMMISSION, its officers, directors, employees or agents in connection with or arising out of the performance of this Agreement. ARTICLE 9. ADDITIONAL PROVISIONS: The COMMISSION and SCRRA agree to the following mutual responsibilities: A. Term of Agreement: This Agreement shall continue in full force and effect through December 31, 2024, unless terminated earlier by mutual written consent by both Parties. B. Termination: In the event either Party defaults in the performance of their obligations, under this Agreement or breaches any of the provisions of this Agreement, the non-defaulting Party shall have the option to terminate this Agreement upon thirty (30) days’ prior written notice to the other Party. C. Termination for Convenience: Either Party may terminate this Agreement by providing thirty (30) days written notice of its intent to terminate for convenience to the other Party; D. Compliance: COMMISSION and SCRRA shall comply with all applicable federal, state, 450 COOPERATIVE AGREEMENT NO. 21-33-097-00/SCRRA #861014 MORENO VALLEY /MARCH FIELD STATION EXPANSION Page 15 of 18 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 and local laws, statutes, ordinances, and regulations of any governmental authority having jurisdiction over the PROJECT. E. Legal Authority: COMMISSION and SCRRA hereto warrant that they are duly authorized to execute this Agreement on behalf of said Parties and that, by so executing this Agreement, the Parties hereto are formally bound to the provisions of this Agreement. F. Amendments: This Agreement may be amended in writing at any time by the mutual consent of both Parties. No amendment shall have any force or effect unless executed in writing by both Parties. G. Severability: If any term, provision, covenant or condition of this Agreement is held to be invalid, void or otherwise unenforceable, to any extent, by any court of competent jurisdiction, the remainder of this Agreement shall not be affected thereby, and each term, provision, covenant or condition of this Agreement shall be valid and enforceable to the fullest extent permitted by law. H. Counterparts of Agreement; Signatures: This Agreement may be executed and delivered in any number of counterparts, each of which, when executed and delivered shall be deemed an original and all of which together shall constitute the same agreement. Facsimile signatures will be permitted. This Agreement may be signed using an electronic signature. I. Assignment: Neither this Agreement, nor any of the Parties rights, obligations, duties, nor authority hereunder may be assigned in whole or in part by either Party without the prior written consent of the other Party. Any such attempt of assignment shall be deemed void and of no force and effect. Consent to one assignment shall not be deemed consent to any subsequent assignment, nor the waiver of any right to consent to such subsequent assignment. J. Obligations To Comply with Law: Nothing herein shall be deemed nor construed to authorize or require any Party to issue bonds, notes or other evidences of indebtedness under the terms, in amounts, or for purposes other than as authorized by local, state or federal law. K. Governing Law: The laws of the State of California and applicable local and federal laws, regulations and guidelines shall govern hereunder. Venue shall be in Riverside County. 451 COOPERATIVE AGREEMENT NO. 21-33-097-00/SCRRA #861014 MORENO VALLEY /MARCH FIELD STATION EXPANSION Page 16 of 18 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 L. Litigation Fees: Should litigation arise out of this Agreement for the performance thereof, the court shall award costs and expenses, including attorney’s fees, to the prevailing Party. M. Notices: Any notices, requests or demands made between the Parties pursuant to this Agreement are to be directed as followed: To SCRRA: To COMMISSION: Southern California Regional Rail Authority Riverside County Transportation Commission 2558 Supply Street, Bldg. A Pomona, CA 91767 Attention: Justin Fornelli Chief, Program Delivery Tel: (909) 593-4291 Email: fornellij@scrra.net 4080 Lemon Street Riverside, CA 92501 Attention: Marlin Feenstra Capital Project Manager Tel: (951) 787-7963 Email: mfeenstra@rctc.org N. Force Majeure: Either Party shall be excused from performing its obligations under this Agreement during the time and to the extent that it is prevented from performing by an unforeseeable cause beyond its control, including but not limited to: any incidence of fire, flood; acts of God; commandeering of material, products, plants or facilities by the federal, state or local government; national fuel shortage; or a material act or omission by the other Party; when satisfactory evidence of such cause is presented to the other Party, and provided further that such nonperformance is unforeseeable, beyond the control and is not due to the fault or negligence of the Party not performing. O. Incorporation of Exhibits. The RCTC Scope of Services, attached hereto as Exhibit A, the SCRRA Scope of Services, attached hereto as Exhibit B, the Coordination Requirements and Responsibilities for Work Windows and PTC System Modifications, attached hereto as Exhibit C, and the FTA Requirements, attached hereto as Exhibit D, are incorporated into this Agreement by reference. P. No Third Party Beneficiaries. There are no intended third party beneficiaries of any terms contained in or of any right or obligation assumed by the Parties under this Agreement. 452 COOPERATIVE AGREEMENT NO. 21-33-097-00/SCRRA #861014 MORENO VALLEY /MARCH FIELD STATION EXPANSION Page 17 of 18 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 This Agreement shall be made effective upon execution by both Parties. IN WITNESS WHEREOF, the Parties hereto have caused this Agreement No. 21-33-097-00 to be executed on the date first written above. SOUTHERN CALIFORNIA REGIONAL RIVERSIDE COUNTY TRANSPORTATION RAIL AUTHORITY COMMISSION By: By: Darren M. Kettle Anne Mayer Chief Executive Officer Executive Director APPROVED AS TO FORM: APPROVED AS TO FORM: By: By: Donald O. Del Rio Best Best & Krieger LLP General Counsel General Counsel 453 COOPERATIVE AGREEMENT NO. 21-33-097-00/SCRRA #861014 MORENO VALLEY /MARCH FIELD STATION EXPANSION Page 18 of 18 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 Exhibits: EXHIBIT A RCTC Scope of Services EXHIBIT B SCRRA Scope of Services EXHIBIT C Coordination Requirements and Responsibilities for W ork Windows and PTC System Modifications EXHIBIT D FTA Requirements 454 COOPERATIVE AGREEMENT NO. 21-33-097-00 EXHIBIT A A-1 EXHIBIT A COMMISSION SCOPE OF SERVICES The Riverside County Transportation Commission (COMMISSION) will provide all necessary services for the project as noted below: 1. General Description • COMMISSION will obtain the services of a contractor to replace and signalize approximately 2.5 miles of the existing industrial lead (2nd track), two new crossovers, and two new turnouts between milepost (MP) 72.2 and MP 75.0 in the Cities of Riverside & Moreno Valley; 170 foot extension of the existing 510-foot long station platform; a new 680-foot long second platform including shade structures and benches, on the west side of the new 2nd track; to perform groundwork for SCRRA fiber and communications conduits on station platforms; and perform track stabilization/surfacing using dynamic stabilizer to expedite train services. 2. Construction Contractor • COMMISSION will be the lead during bidding phase of this project for the above- mentioned scope of work. 3. Construction Management • COMMISSION will provide construction management services, materials testing and construction inspection services during the construction of the above-mentioned scope of work through COMMISSION’s consultant in accordance with guidelines provided in the Rail Programs Department Construction Management Procedures. • The construction management services shall include administration of the construction contract, coordination of the activities of the Contractor, performance of quality assurance inspections and management of independent quality assurance testing, preparation of daily construction activity reports, safety oversight and enforcement, labor compliance oversight and enforcement, communications between the Contractor and all other project participants, processing, collecting and 455 COOPERATIVE AGREEMENT NO. 21-33-097-00 EXHIBIT A A-2 maintaining of project communications and records, reviewing and recommending of Contractor progress payments, processing of change order requests, implementing and processing change orders, schedule reviews, stormwater pollution prevention plan (SWPPP) inspections, and processing claims. 4. Design Services During Construction • Design Service During Construction (DSDC) for track and civil work will be provided by COMMISSION’s consultant. 5. Communications and Signal (C&S) Support Services • Provide materials and construct/modify wayside control systems related to siding track and station. • Modify Customer Information System (CIS) on existing platform and install CIS on the new platform. • Design Service During Construction (DSDC) for signal, communications, and PTC will be provided by RCTC design consultant. • Construction inspection services provided by RCTC signal consultant during C&S construction. 6. Real Estate • COMMISSION will obtain all right-of-way necessary for this project. 7. Public Outreach • COMMISSION will take a lead in distribution of news releases as necessary. • Outreach and relationship building with targeted community groups/advocates, stakeholders, and local businesses. • Regular communications and dissemination of news to targeted locals. • Ongoing implementation of social media communications. 456 COOPERATIVE AGREEMENT NO. 21-33-097-00 EXHIBIT B B-1 EXHIBIT B SCRRA SCOPE OF SERVICES The SCRRA will provide all necessary services for the project as noted below: 1. Project Management • Attend monthly construction coordination meetings and provide project direction and input as necessary. • Attend task, workshop meetings, at the designated locations, as requested by COMMISSION’s consultant performing construction. • Review meeting minutes and provide comments. • Review construction shop drawings, and Request For Information (RFI) related to track, turnouts, grade crossings, signals, communications, and Positive Train Control (PTC) in a timely manner as requested. • Conduct spot civil, track and signal inspection and provide suggestions as appropriate. 2. Staff Support • Consultation with senior management for input regarding important design and construction issues. • Signal, Communications, and PTC Department consultation and input related to design and construction. • Contract Task Order (CTO) Services provided by SCRRA staff to engage consultants and maintenance contractors to provide their services during construction. • Provide public notification services for operational impacts during absolute construction windows. 3. Track Support Services 457 COOPERATIVE AGREEMENT NO. 21-33-097-00 EXHIBIT B B-2 • Inspection of track by SCRRA maintenance contractor prior to train services after completion of work carried out by COMMISSION’s contractor during work windows. 4. Communications and Signal (C&S) Support Services • PTC window and cutover support provided by SCRRA during construction work. • PTC survey required for PTC change management process provided by SCRRA consultants. • Maintenance support provided by SCRRA C&S maintenance contractor during and after construction work windows. 5. Passenger Information Phone • Provide material and install passenger phone on the new platform as required by regulations. 6. Training/Flagging • Review, process, and administer Right-of-Entry permits provided by construction contractors during the construction. • Roadway Worker Protection training provided by SCRRA consultant during construction as necessary. • Provide Railroad Protective Services, including flagging to third part personnel working on SCRRA right-of -way as required for the project. • Cable and conduit marking during construction as per SCRRA requirements by SCRRA C&S maintenance contractor. 7. Miscellaneous • Provide test train services during grade crossings and wayside signal system testing as necessary. • Provide all work and services required to meet the SCRRA obligations under Section 2 of Exhibit C, Coordination Requirements and Responsibilities for Work Windows and PTC System Modifications. 458 COOPERATIVE AGREEMENT NO. 21-33-097-00 EXHIBIT B B-3 No. of Months Meeting per Month Hours No. of Persons Total Hours 1 a General Coordination 21 4 4 1 336 HR $250.00 $84,000.00 b Meetings 21 4 4 1 336 HR $250.00 $84,000.00 c Document Reviews (Work Windows, SSWP, Construction Staging, RFI Support)18 1 4 2 144 HR $250.00 $36,000.00 d Civil/Track General Inspection Services 18 4 8 1 576 HR $250.00 $144,000.00 Sub-Total 1,392 $348,000.00 2 a Senior Management 18 1 1 1 18 HR $250.00 $4,500.00 b Communications & Signal Department 18 1 8 1 144 HR $250.00 $36,000.00 c Contract Administration 18 1 2 1 36 HR $250.00 $9,000.00 d Public Affairs (includes public notices for AWW)18 1 4 1 72 HR $250.00 $18,000.00 Sub-Total 270 $67,500.00 3 a Track Inspection (track in/out service) & Maintenance Support 1 LS $15,000.00 $15,000.00 b Track Stabilization 1 LS $50,000.00 $50,000.00 Sub-Total $65,000.00 4 a PTC Window Support & Cutover 1 LS $50,000.00 $50,000.00 b PTC Survey by SCRRA Contractor 1 LS $40,000.00 $40,000.00 c C&S Maintenance Contractor Support (for windows, comm. system, fiber)2 LS $20,000.00 $40,000.00 d C&S CM Inspection by SCRRA Signal Consultant 18 4 16 1 1,152 HR $250.00 $288,000.00 Sub-Total $418,000.00 5 a Passenger Phone for Additional Platform (includes install) 1 EA $10,000.00 $10,000.00 Sub-Total $10,000.00 6 a Safety Training by SCRRA Consultant 30 EA $1,750.00 $52,500.00 b SCRRA Cable Markings 10 DAYS $1,000.00 $10,000.00 c Flagging Services 800 SHIFT $1,750.00 $1,400,000.00 Sub-Total $1,462,500.00 7 a Test Trains 2 EA $25,000.00 $50,000.00 Sub-Total $50,000.00 Sub-Total (Items A-F)$2,421,000.00 $242,100.00 $2,663,100.00 1 2 Task 3a Task 4a/7a Task 4c Task 6a Track Support Services Miscellaneous Communication & Signal Support Services 18 months (+ 3 months closeout) Moreno Valley / March Field Station Expansion Project Management SCRRA Staff Support TBD TBD 1-Mar-21 QUANTITY UNIT UNIT COST TOTAL COSTNO. Date Cooperative Agreement SCRRA Project No. Project Name Schedule ITEM Passenger Information Phone Contingency (10%) The cost of the SCRRA services shown is an estimate only and RCTC will reimburse SCRRA on the basis of actual costs and expenses. RCTC shall reimburse SCRRA the actual costs and expenses incurred by SCRRA and its contractors and consultants for all services and work performed in connection with this project, including an allocated overhead representing SCRRA’s costs for administration and management. TOTAL ESTIMATED COST Estimate of labor and equipment for SCRRA Track Contractor to respond for track maintenance during construction, if necessary; and after construction surface and restore track and ballast disturbed and or contaminated by construction activities to preconstruction condition. Estimate of labor and equipment for SCRRA Signal Maintenaince Contractor to respond for signal maintenance during construction, as necessary. Training / Flagging Based upon 2 PTC work windows. Roadway Worker Protection trainings based upon 20 trainees per session. Notes: 459 COOPERATIVE AGREEMENT NO. 21-33-097-00 EXHIBIT C C-1 EXHIBIT C COORDINATION REQUIREMENTS AND RESPONSIBILITIES FOR WORK WINDOWS AND PTC SYSTEM MODIFICATIONS 1. COMMISSION and its Contractor shall: a. Notify SCRRA sixty (60) days in advance for any work window that will require modifications to PTC critical features to allow SCRRA the time required for planning a cut-over window within the PTC network schedule, survey, creation and testing of a revised subdivision file, critical feature site validation and final implementation into service of the subdivision file. b. To accompany 60-day advance notification, provide to SCRRA PM plans clearly detailing and listing all changes that will be made to system critical features in each Work Window and an accompanying work plan detailing how the work will be undertaken. Critical features include: i. Removal/Addition/Relocation of Tracks: 1. Alignment 2. Elevations ii. Removal/Addition/Relocation of switches or signals: 1. Powered and HT turnouts (point of switch) 2. Powered and HT derails 3. Insulated Joints (IJ) associated with signals and track clearance points 4. Wayside Interface Unit (WIU) modules 5. Signal aspect changes iii. Timetable change: 1. Quiet Zones 2. Milepost changes 3. Control Point (CP) name changes 460 COOPERATIVE AGREEMENT NO. 21-33-097-00 EXHIBIT C C-2 4. Changes in train operating speeds 5. Track name changes 6. Method of Operations changes (Track Warrant, Centralized Train Control, Positive Train Control) iv. Construction changes: 1. Street widening impacting grade crossing parameters 2. New crossing panels to accommodate pedestrian gates (parameters) 3. Changes due to emergencies v. PTC limits vi. Clearance Points (Minimum distance from points and crossings at which track circuit boundaries may be positioned, to prove that a vehicle on one track is in a position clear of a movement on an adjacent track); c. Attend an initial change control configuration management technical review team meeting for each Work Window affecting PTC critical features, to review and discuss details of the proposed changes. Resubmits plans within 7 calendar days to clarify any additional information as reasonably requested; d. Attend SCRRA operations work window planning meetings, as reasonably requested by SCRRA PM, to discuss scope of work within Work Window(s), details of Work Window time, dates and tracks affected, Work Windows schedule, bus bridge requirements (if any) and potential requirements for a test train to remove initial speed restrictions or perform signal tests; e. Should the construction schedule change such that the planned W ork Window cannot be met, advise SCRRA immediately when this is known so that a revised Work Window can be arranged; f. A minimum of 30 calendar days in advance of each planned Work Window, provide to SCRRA PM an hour by hour schedule detailing all activities to be performed 461 COOPERATIVE AGREEMENT NO. 21-33-097-00 EXHIBIT C C-3 by all parties within the Work Window and allowing adequate time at an appropriate point within the Work Window to accommodate SCRRA final PTC critical feature on-site validation once track work is complete, and signal system final testing, as coordinated with SCRRA (allow a four-hour period). Tracks are to be clear of track mounted equipment during the PTC validation period. SCRRA will review schedule and confirm agreement; g. Submit a track bulletin request to SCRRA dispatching operations department, detailing all physical changes that will be made to the track infrastructure, a minimum of 7 days in advance of any Work Window; h. Coordinate with and facilitate access to SCRRA PTC staff onto tracks within project construction zone to enable on-site validation of subdivision file against critical features in advance of Work Window(s). Contractor shall not have equipment upon the tracks during subdivision file testing that may affect the operation of the signal system or prevent unobstructed operation of a track mounted hi-rail throughout the project site to record locations of critical features and take associated measurements. SCRRA will provide 48 hours’ notice to Contractor of intent to visit site to perform tests wherever possible but in emergency will require access without notice at any time; i. Coordinate a final activity review meeting to discuss the final hour by hour window schedule activities, attended by all parties involved, a minimum of 72 hours before each Work Window commences; j. Provides a list of key staff members and contact details for all organizations involved in each exclusive window a minimum of 48 hours before Work Window commences; 2. SCRRA shall: a. Provide the necessary technical support to implement modification/changes to the PTC network within the Work Window requested by COMMISSION and/or its Contractor; 462 COOPERATIVE AGREEMENT NO. 21-33-097-00 EXHIBIT C C-4 b. Upon receipt of Contractor’s plans detailing and listing all changes that will be made to system critical features in each Work Window and an accompanying work plan, create a change request in the SCRRA configuration management database; c. Arrange through SCRRA change control configuration management an initial technical review team meeting to review and discuss details of the proposed changes to which COMMISSION and/or its Contractor shall attend; d. Coordinate internally and with COMMISSION and its Contractor a date for proposed changes and associated Work Window to be undertaken and incorporate Work Window date into SCRRA configuration management master schedule; e. Through SCRRA change control team, arrange further coordination meetings where required as the subdivision file revisions are processed, to which COMMISSION and/or its Contractor shall attend when reasonably requested by SCRRA PM or SCRRA change control management; f. Coordinate and undertake all PTC activities in advance of each planned Work Window, to include: i. Development of new or revised subdivision file ii. Testing of file in PTC Lab and within Train Management Dispatching System (TMDS) system iii. Signal system paper check iv. Field and Signal Pre-test; g. Coordinate field testing with The COMMISSION and its Contractor; h. If required, a minimum of 45 calendar days in advance of a Work Window, arrange for bus services to transport passengers between station locations at either end of a Work Window where both main tracks are out of service (bus bridges). If insufficient buses are available for the proposed Work Windows, rearrange to a future date when buses are available in coordination with the PTC network schedule and COMMISSION and its Contractor: 463 COOPERATIVE AGREEMENT NO. 21-33-097-00 EXHIBIT C C-5 i. Notify the public in advance through Metrolink website, twitter and seat leaflets as appropriate, of planned operational service disruptions and alternative travel options; j. Make all necessary modifications to the graphics within the TMDS system in advance of each planned Work Window; k. Undertake final PTC critical feature and subdivision file validation at the appropriate time within the Work Window, as previously coordinated with COMMISSION and its Contractor and place into service the revised or new PTC subdivision file and modified TMDS graphics upon final verification of accuracy; l. Issue in advance of implementation, bulletins to all affected railroads to detail physical and operational changes to the current timetable; and m. Revise track charts, composite maps, simulator graphics and KML files to reflect all physical changes made to the system resulting from the work in each window. n. Stabilize the track, within the period of each Work Window, upon completion of any construction that has disrupted the track structure integrity, to reduce the requirement for speed restrictions at the end of the Work Window. 464 COOPERATIVE AGREEMENT NO. 21-33-097-00 EXHIBIT D D-1 EXHIBIT D FEDERAL TRANSIT ADMINISTRATION REQUIREMENTS The following provisions shall apply to this Agreement: 1. COST PRINCIPLES (1) SCRRA agrees that the Contract Cost Principles and Procedures, 48 CFR, Federal Acquisition Regulations System, Chapter 1, Part 31.000 et seq., shall be used to determine the cost allowability of individual items. (2) SCRRA also agrees to comply with federal procedures in accordance with 2 CFR, Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. (3) Any costs for which payment has been made to SCRRA that are determined by subsequent audit to be unallowable under 2 CFR, Part 200 and 48 CFR, Federal Acquisition Regulations System, Chapter 1, Part 31.000 et seq., are subject to repayment by SCRRA. (4) All subcontracts in excess of $25,000 shall contain the above provisions. 2. FEDERAL GOVERNMENT OBLIGATIONS TO THIRD-PARTIES BY USE OF A DISCLAIMER (1) RCTC and SCRRA acknowledge and agree that, notwithstanding any concurrence by the Federal Government in or approval of the solicitation or award of the underlying contract, absent the express written consent by the Federal Government (“Government”), the Federal Government is not a party to this contract and shall not be subject to any obligations or liabilities to RCTC, SCRRA, or any other party (whether or not a party to that contract) pertaining to any matter resulting from the underlying contract. (2) SCRRA agrees to include the above clause in each subcontract financed in whole or in part with Federal assistance provided by FTA. It is further agreed that the clause shall not be modified, except to identify the subconsultant who will be subject to its provisions. 3. PROGRAM FRAUD AND FALSE OR FRAUDULENT STATEMENTS AND RELATED ACTS (1) SCRRA acknowledges that the provisions of the Program Fraud Civil Remedies Act of 1986, as amended, 31 U.S.C. §§ 3801 et seq. and U.S. DOT regulations, “Program Fraud Civil Remedies,” 49 C.F.R. Part 31, apply to its actions pertaining to this Project. Upon execution of the underlying contract, SCRRA certifies or affirms the truthfulness and accuracy of any statement it has made, it makes, it may make, or causes to be made, pertaining to the underlying contract or the FTA assisted project for which this contract work is being performed. In addition to other penalties that may be applicable, SCRRA further acknowledges that if it makes, or causes to be made, a false, fictitious, or fraudulent claim, statement, submission, or certification, the Federal Government reserves the right to impose the penalties of the Program Fraud Civil Remedies Act of 1986 on SCRRA to the extent the Federal Government deems appropriate. (2) SCRRA also acknowledges that if it makes, or causes to be made, a false, fictitious, or fraudulent claim, statement, submission, certification, assurance, or representation to the Federal Government under a contract connected with a project that is financed in whole or in part with Federal assistance originally awarded by FTA under the authority of 49 U.S.C. chapter 53 or any other Federal law, the Government reserves the right to impose the penalties of 18 U.S.C. § 1001 and 49 U.S.C. § 5323 on SCRRA, to the extent the Federal Government deems appropriate. [Is SCRRA subject to this?] (3) SCRRA agrees to include the above two clauses in each subcontract financed in whole or in part with Federal assistance provided by FTA. It is further agreed that the clauses shall not be modified, except to identify the consultant who will be subject to the provisions. 4. ACCESS TO RECORDS 465 COOPERATIVE AGREEMENT NO. 21-33-097-00 EXHIBIT D D-2 1. SCRRA agrees to provide RCTC, the FTA Administrator, the U.S. Secretary of Transportation, the Comptroller General of the United States or any of their authorized representatives access to all Project work, materials, payrolls, and other data of SCRRA which are directly pertinent to this contract as required by 49 U.S.C. § 5325(g). 2. SCRRA agrees to permit any of the foregoing parties to reproduce by any means whatsoever or to copy excerpts and transcriptions as reasonably needed. 3. SCRRA agrees to maintain all books, records, accounts and reports required under this contract for a period of not less than three years after the date of transmission of the final expenditure report, except in the event of litigation or settlement of claims arising from the performance of this contract, in which case SCRRA agrees to maintain same until RCTC, the FTA Administrator, the Comptroller General, or any of their duly authorized representatives, have disposed of all such litigation, appeals, claims or exceptions related thereto. 4. SCRRA agrees to require its contractors and third party contractors to provide the same. 5. FEDERAL CHANGES SCRRA shall at all times comply with all applicable FTA regulations, policies, procedures and directives, including without limitation those listed directly or by reference in the FTA Master Agreement, the terms of which are incorporated herein by reference, as they may be amended or promulgated from time to time during the term of this Agreement. SCRRA’s failure to so comply shall constitute a material breach of this contract. 6. CIVIL RIGHTS REQUIREMENTS (1) Nondiscrimination - In accordance with Title VI of the Civil Rights Act of 1964, as amended, 42 U.S.C. §§ 2000d et seq., U.S. DOT regulations, “Nondiscrimination in Federally Assisted Programs of the Department of Transportation – Effectuation of Title VI of the Civil Rights Act,” 49 C.F.R. Part 21, FTA Circular 4702.1A, “Title VI and Title VI – Dependent Guidelines for Federal Transit Administration Receipts,” May 13, 2007, Federal transit law at 49 U.S.C. § 5332, SCRRA agrees that it will not discriminate against any employee or applicant for employment because of race, color, creed, national origin, sex, age, or disability. In addition, SCRRA agrees to comply with applicable Federal implementing regulations and other implementing requirements FTA may issue. (2) Equal Employment Opportunity - The following equal employment opportunity requirements apply to the underlying contract: (a) Race, Color, Creed, National Origin, Sex - SCRRA agrees to comply with Title VII of the Civil Rights Act, as amended, 42 U.S.C. § 2000e, and equal employment opportunity provisions of 49 U.S.C. § 5332, all applicable equal employment opportunity requirements of U.S. Department of Labor (U.S. DOL) regulations, “Office of Federal Contract Compliance Programs, Equal Employment Opportunity, Department of Labor,” 41 C.F.R. Parts 60 et seq., (which implement Executive Order No. 11246, “Equal Employment Opportunity,” as amended by Executive Order No. 11375, “Amending Executive Order 11246 Relating to Equal Employment Opportunity,” 42 U.S.C. § 2000e note), and with any applicable Federal statutes, executive orders, regulations, and Federal policies that may in the future affect construction activities undertaken in the course of the Project. SCRRA agrees to take affirmative action to ensure that applicants are employed, and that employees are treated during employment, without regard to their race, color, creed, national origin, sex, or age. Such action shall include, but not be limited to, the following: employment, upgrading, demotion or transfer, recruitment or recruitment advertising, layoff or termination; rates of pay or other forms of compensation; and selection for training, including apprenticeship. In addition, SCRRA agrees to comply with any implementing requirements FTA may issue. (b) Age - In accordance with the Age Discrimination in Employment Act, as amended, 29 U.S.C. §§ 621 through 634 and Federal transit law at 49 U.S.C. § 5332, SCRRA agrees to refrain from discrimination against present and prospective employees for reason of age. In addition, SCRRA agrees to comply with any implementing requirements FTA may issue. 466 COOPERATIVE AGREEMENT NO. 21-33-097-00 EXHIBIT D D-3 (c) Disabilities - In accordance with section 102 of the Americans with Disabilities Act, as amended, 42 U.S.C. § 12112, SCRRA agrees that it will comply with the requirements of U.S. Equal Employment Opportunity Commission, “Regulations to Implement the Equal Employment Provisions of the Americans with Disabilities Act,” 29 C.F.R. Part 1630, pertaining to employment of persons with disabilities. In addition, SCRRA agrees to comply with any implementing requirements FTA may issue. (3) DBE Program Compliance - RCTC has established a DBE Program pursuant to 49 C.F.R. Part 26, which applies to FTA funded agreements. The requirements and procedures of RCTC’s DBE Program are hereby incorporated by reference into this Agreement. (4) SCRRA also agrees to include these requirements in each subcontract financed in whole or in part with Federal assistance provided by FTA, modified only if necessary to identify the affected parties. 7. DEBARMENT AND SUSPENSION SCRRA shall include the following in the procurement or contract, as applicable, for any consultant performing services under this Agreement: “Certification Regarding Debarment, Suspension, Ineligibility and Voluntary Exclusion” (1) Consultant certifies that neither it nor its “principals” [as defined at 49 C.F.R. § 29.105(p)] is presently debarred, suspended, proposed for debarment, declared ineligible, or voluntarily excluded from participation in this transaction by any Federal department or agency. (2) Consultant shall provide an explanation for any inability to make this certification. 8. LOBBYING Lobbying Restrictions. To the extent applicable, SCRRA agrees to include the following in its subcontractor agreements: (1) The consultant shall comply, and assure the compliance of each subcontractor at any tier, with U.S. DOT regulations, “New Restrictions on Lobbying,” 49 C.F.R. Part 20, modified as necessary by 31 U.S.C. § 1352. (2) The consultant shall comply with Federal statutory provisions, to the extent applicable, prohibiting the use of Federal assistance funds for activities designed to influence Congress or a State legislature on legislation or appropriations, except through proper, official channels. 467 RIVERSIDE COUNTY TRANSPORTATION COMMISSION MONITORING AGREEMENT WITH THE SOBOBA BAND OF LUISEÑO INDIANS FOR THE MORENO VALLEY/MARCH FIELD STATION UPGRADES PROJECT Whereas, the Riverside County Transportation Commission (RCTC or Licensee), in partnership with the Southern California Regional Rail Authority (SCRRA, Metrolink), proposes to upgrade the Moreno Valley/March Field Station (Project) in Riverside County, California; and Whereas, as part of the Project, construction of new 40-foot (ft) tall antenna structure, as well as Positive Train Control (PTC) and Automated Train Control System (ATCS) radios (collectively known here as “radio control tower”) are required for a new control point at Mile Post (MP) 74.9 within RCTC rail right-of-way along the Metrolink 91/Perris Valley Linea; and Whereas, the proposed construction of the radio control tower at MP 74.9 required compliance with Federal Communications Commission (FCC) rules for environmental review, including compliance with Section 106 of the National Historic Preservation Act (NHPA) of 1966 (Section 106); and Whereas, Section 106 compliance involved Native American consultation between RCTC and the Soboba Band of Luiseño Indians and resulted in the Soboba Band of Luiseño Indians requesting Native American monitoring during ground-disturbing activities associated with the radio control tower and ancillary equipment for the Project; and Whereas, the above-mentioned undertakings were communicated to the California State Historic Preservation Officer (SHPO) when requesting concurrence that the Project will not affect historic properties; and Whereas, the SHPO concurred that the Project will not affect historic properties on August 25, 021; and Whereas, the FCC is a cooperating agency for the purpose of reviewing the impacts on historic properties under Section 106 of the NHPA of 1966 (16 United States Code [U.S.C.] 470f) and its implementing regulations, 36 Code of Federal Regulations (CFR) Part 800. Now, therefore, this Agreement is made and entered into as of ________________________, by the Soboba Band of Luiseño Indians (a Federally Recognized Tribe) and RCTC. The Soboba Band of Luiseño Indians and RCTC are sometimes referred to individually as a “Party,” and collectively as the “Parties.” ATTACHMENT 5 468 I. NOTIFICATION TO THE SOBOBA BAND OF LUISEÑO INDIANS All notices to the Soboba Band of Luiseño Indians shall be given at the addresses below: Joseph Ontiveros Tribal Historic Preservation Officer Soboba Band of Luiseño Indians 23906 Soboba Road, San Jacinto, CA 92583 P.O. Box 487, San Jacinto, CA 92581 Office: (951) 654-5544 Ext. 4137 Cell: (951) 663-5279 jontiveros@soboba-nsn.gov Jessica Valdez Cultural Resource Specialist Soboba Band of Luiseño Indians 23906 Soboba Road, San Jacinto, CA 92583 P.O. Box 487, San Jacinto, CA 92581 Office: (951) 654-5544 Ext. 4139 Cell: (951) 663-6261 jvaldez@soboba-nsn.gov II. SUBJECT MATTER This Agreement concerns a Project known as the Moreno Valley/March Field Station Project. The Riverside County Medical Examiner’s Office (“Medical Examiner”) will be provided a copy of this Agreement by RCTC. The Soboba Band of Luiseño Indians is conducting Tribal monitoring for this project. RCTC is the Project Licensee. The FCC is a cooperating agency for the Project and is responsible for environmental compliance under the National Environmental Policy Act and under Section 106 of the NHPA. The Project’s area of potential effects (APE) is provided in Attachment 1. III. PURPOSE The purpose of this Agreement is to formalize procedures for Tribal monitoring for cultural resources and significant sites during excavation for the radio control tower and ancillary equipment associated with the Project. IV. INCORPORATION OF ATTACHMENTS Attachment 1 depicting the Project APE, Attachment 2 setting forth monitor compensation rates, and Attachment 3 regarding monitor insurance requirements are attached hereto and incorporated by this reference. V. RESOURCE DISCOVERY AND DISPOSITION OF ARTIFACTS In the event of the discovery of previously unidentified resources during ground-disturbing activities associated with the radio control tower and ancillary equipment within the APE, the Native American 469 monitor will be authorized to stop and redirect construction work in order to assess the significance of the find. Any significance determinations will be done in consultation with the SHPO. Recovered artifacts will be analyzed, recorded, and either permanently curated at an appropriate facility or reburied by the Soboba Band of Luiseño Indians on Tribal lands. VI. CULTURAL AFFILIATION The Soboba Band of Luiseño Indians and RCTC agree that the Project is located within land that has been identified as Native American Ancestral Territory. Any Native American human remains as defined in Section VIII which are found in conjunction with the development of this Project shall be treated in accordance with Sections VII through X of this Agreement. VII. MOST LIKELY DESCENDANT In the event that Native American human remains are found during development of this Project, the Soboba Band of Luiseño Indians understands that the determination of the Most Likely Descendant (MLD) under California Public Resources Code (PRC) Section 5097.98 will be made by the Native American Heritage Commission (NAHC) upon notification to the NAHC of the discovery of said remains at the Project APE. Until such time, neither the Soboba Band of Luiseño Indians nor the RCTC guarantees that the Soboba Band of Luiseño Indians or one of its members will be so named. Should the NAHC determine that a member of an Indian tribe other than a member of the Soboba Band of Luiseño Indians is the MLD, the provisions to this Agreement shall remain in force and are not nullified or voided. VIII. COORDINATION WITH COUNTY MEDICAL EXAMINER’S OFFICE In accordance with Health & Safety Code 7050.5, the RCTC shall immediately contact the Medical Examiner in the event that any human remains are discovered during the development of the Project. If the Medical Examiner recognizes the remains to be those of a Native American, the Medical Examiner shall ensure that notification is provided to the NAHC as required by California PRC Section 5097.98(a). IX. TREATMENT OF NATIVE AMERICAN REMAINS In the event that Native American human remains are found during development of the project, and a member of the Soboba Band of Luiseño Indians is determined to be the MLD pursuant to Section VII of this Agreement, the following provisions shall apply. The term “Native American human remains” encompasses more than human bones as the MLD’s traditions call for the burial of associated cultural resources with the deceased (grave goods and funerary objects), and the ceremonial burning of Native American human remains, funerary objects, grave goods, and animals. Ashes and other remnants of these burning ceremonies, as well as grave goods and funerary objects, associated with or buried with the Native American remains, are to be treated in the same manner as bones, bone fragments, and cremations. The Medical Examiner shall immediately be notified if any human remains are observed, ground- disturbing activities in that location shall cease, and the remains shall be left in place where they were 470 discovered until the Medical Examiner has had the opportunity to inspect the remains in place and make a determination as required by State law, and until a final decision as to the treatment and disposition has been made pursuant to this Agreement and State law. The MLD shall be allowed, pursuant to California PRC Section 8097.98(a), to (1) inspect the site of the discovery, and (2) make recommendations as to how the human remains and grave goods should be treated with appropriate dignity. The RCTC shall discuss and confer with the MLD all reasonable options with regard to their preferences and recommendations for treatment. The MLD and RCTC agree to discuss in good faith what constitutes “appropriate dignity,” as that term is used in the applicable statutes and in the MLD’s customs and traditions. In the event that human remains are found on lands owned by an entity other than the RCTC, the MLD shall be responsible for discussing the treatment and disposition of human remains and grave goods with the appropriate entity. The RCTC agrees to facilitate contact with the appropriate entity if necessary. The MLD shall complete their inspection and make their MLD recommendation within forty-eight (48) hours of being granted access to the site. The Soboba Band of Luiseño Indians acknowledge that the MLD’s general preference may be that all human remains not be disturbed or disinterred, and the RCTC agrees in good faith to accommodate that preference when feasible to the extent allowed under California PRC 5097.98. X. NON-DISCLOSURE OF LOCATION OF REBURIALS It is understood by the Soboba Band of Luiseño Indians and RCTC that, unless otherwise required by law, the site of any reburial of Native American human remains shall not be disclosed and will not be governed by public disclosure requirements of the California Public Records Act, California Government Code Section 6250 et seq. The Medical Examiner shall withhold public disclosure of information related to such reburial pursuant to the specific exemption set forth in California Government Code Section 6254(r). XI. WORK STATEMENT FOR TRIBAL MONITORS Given the sensitivity of the Project APE for Native American cultural resources, the Soboba Band of Luiseño Indians will provide a Tribal monitor to conduct monitoring during ground-disturbing activities associated with the radio control tower and ancillary equipment within the APE. The Tribal monitor will work with heavy machinery and the machine operators at all times when native soil is being moved within these areas of the APE, including brush removal. Monitoring will continue until excavation has ceased or bedrock is reached. Attachment 1 depicts the APE, which is the geographic area over which this monitoring shall be conducted. The provisions for compensation of the Tribal monitors are addressed in Attachment 2. Following the approval of the construction contract for the Project, RCTC will obtain a schedule from the construction contractor that provides the estimated duration of all work activities that would require Tribal monitors. Based on the schedule for the Project, RCTC and the Soboba Band of Luiseño Indians will execute a work order that shall provide the specific schedule and compensation for Tribal monitoring. 471 XII. SUCCESSORS AND ASSIGNS This Agreement shall be binding upon and inure to the benefit of the heirs, successors, representatives, executors, administrators, and assigns of the parties, including subsequent landowners, developers, and subcontractors of the APE, and any person or entity obligated to comply with environmental and cultural/archaeological protection laws applicable to this project. XIII. ENVIRONMENTAL COMPLIANCE Nothing in this Agreement shall excuse the RCTC as Licensee and FCC as federal cooperating agency on this project from obligations under any applicable state or federal laws or regulations, including but not limited to the California Environmental Quality Act (CEQA); PRC Section 21000 et seq., the NHPA 16 U.S.C. Section 470 et seq.; California PRC Sections 5097.98, 5097.98(c), and 5097.99; California Health and Safety Code Sections 7050.5(c); California Government Code Sections 6254, 65040.2, 65092, 65351, 65352, 65560, 65352.3, 65352.4, 65352.5; California Civil Code 815.3; the Native American Graves Protection and Repatriation Act, 25 U.S.C. Section 3001 et seq.; the California Native American Graves Protection and Repatriation Act of 2001, California Health and Safety Code Sections 8010 et seq.; the American Indian Religious Freedom Act, 16 U.S.C. Section 1996 et seq., and the First Amendment to the United States Constitution. Nothing in this Agreement is intended to make any of the above-referenced laws applicable where such laws would otherwise be inapplicable. XIV. INDEMNITY The Soboba Band of Luiseño Indians in no way indemnifies nor guarantees RCTC in any of their legal obligations under CEQA or any State or federal laws or regulations related to the Native American human remains. The Soboba Band of Luiseño Indians assumes all risk of injury to their employees, agents, and contractors, including loss, arising out of or in connection with, property damage or bodily injury resulting from the work of the Tribal monitors on the project except in the case of negligence or willful misconduct of the RCTC, its employees, agents, and contractors. XV. SEVERABILITY Should any part of this Agreement be found by any court or agency of competent jurisdiction to be to any extent invalid or unenforceable, the remainder of this Agreement shall not be affected thereby and shall be valid and enforceable to the fullest extent permitted by law. XVI. LIMITATION ON SCOPE This Agreement is unique to this Moreno Valley/March Field Station Project and does not set a precedent for other projects. XVII. AUTHORITY TO EXECUTE Each of the persons executing this Agreement expressly warrants that he or she is authorized to do so on behalf of the entity for which he or she is executing this Agreement. Each party to this Agreement represents and warrants that this Agreement is executed voluntarily, with full knowledge of its significance. 472 XVIII. WAIVER No delay or failure by either Party to exercise or enforce at any time any right or provision of this Agreement shall be considered a waiver thereof or of such Party’s right thereafter to exercise or enforce each and every right and provision in this Agreement. A waiver to be valid shall be in writing but need not be supported by consideration. No single waiver shall constitute a continuing or subsequent waiver. XIX. ENTIRE AGREEMENT This writing contains the entire agreement between the Soboba Band of Luiseño Indians and RCTC relating to the subject matter hereof; and the Soboba Band of Luiseño Indians and RCTC have made no agreements, representations, or warranties either written or oral relating to the subject matter hereof that are not set forth herein. Except as provided herein, this Agreement may not be modified or altered without formal amendment thereto. XX. JOINT DRAFTING The Soboba Band of Luiseño Indians has participated in the drafting of this Agreement. XXI. COUNTERPARTS This Agreement will be effective when the Soboba Band of Luiseño Indians and RCTC have affixed their signatures. This Agreement may be signed in counterparts, each of which shall constitute an original. XXII. TERM Monitoring will commence on or soon after ______________. Upon completion of all construction of the Project activities subject to monitoring as defined herein, and as determined by the RCTC, this Agreement shall terminate, and all monitoring activities shall cease. XXIII. ELECTRONIC TRANSMITTAL; ELECTRONIC SIGNATURES A manually signed copy of this Agreement which is transmitted by facsimile, email or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original executed copy of this Agreement for all purposes. This Agreement may be signed using an electronic signature. [Signatures on following page] 473 SIGNATURES MONITORING AGREEMENT BETWEEN THE SOBOBA BAND OF LUISEÑO INDIANS AND RCTC FOR THE MORENO VALLEY/MARCH FIELD STATION UPGRADES PROJECT XXIV. APPROVALS Date: __________________ Soboba Band of Luiseño Indians ___________________________ By: Isaiah Vivanco Its: Tribal Chairman Riverside County Transportation Commission Approvals Date: __________________ ___________________________ By: Anne Mayer Executive Director Approved as to form: ___________________________ By: Best Best & Krieger, LLP General Counsel 474 ATTACHMENT 1 AREA OF POTENTIAL EFFECTS 475 ATTACHMENT 2 TRIBAL MONITOR COMPENSATION The Soboba Band of Luiseño Indians shall hire a Tribal monitor for the Project and shall be responsible for coordinating the Tribal monitor’s activity on the Project. The Soboba Band of Luiseño Indians recognizes that hazardous conditions can exist at the Project worksite, particularly during grading operations, and agrees to assume responsibility for the safety of the Tribal monitoring crew while on the Project site. The Soboba Band of Luiseño Indians possesses liability insurance for its monitors and will provide evidence that the Tribal monitor has received railroad safety training. RCTC shall compensate the Tribal monitor from the Soboba Band of Luiseño Indians at a pre- determined and agreed-upon rate, plus reimbursement for all documented mileage expenses at the current federal travel regulation mileage rate. A minimum half-day (4-hour) charge (show up time) will be charged to the RCTC for unannounced work stoppage of Tribal monitors that are not due to actions of the Soboba Band of Luiseño Indians. The hourly rate will not be applicable to travel time to and from the Project site. Overtime rates of time and a half of the pre-determined and agreed-upon Tribal monitor rate apply for “after-hours work” (services beyond an eight-hour day from start of construction); and “weekend work” (defined as services performed between close of the eight-hour construction day on Friday and start of construction work on Monday morning). Holiday rates of double time of the pre-determined and agreed-upon Tribal monitor rate apply for all holiday work. The hourly rate will not be applicable to travel time to and from the Project site. RCTC agrees that the Soboba Band of Luiseño Indians will invoice RCTC for all Tribal monitors’ compensation on a monthly basis. RCTC also agrees to remit payment in full within 30 days of receipt of the Soboba Band of Luiseño Indians invoice. Type of Service Fee Standard Monitoring $90.00/hour Overtime Monitoring $135.00/hour Double-Time Monitoring $180.00/hour Administrative Fee 15% of invoice A minimum half-day charge (“show-up” time) shall be charged to RCTC for unannounced work stoppages of the Tribal monitors that are not due to actions by the Soboba Band of Luiseño Indians. 476 ATTACHMENT 3 TRIBAL MONITOR INSURANCE REQUIREMENTS WORKERS COMPENSATION The Soboba Band of Luiseño Indians shall furnish RCTC with a certificate of workers’ compensation insurance indicating compliance with a workers’ compensation program and employer’s liability insurance with a minimum of $1,000,000.00 for injury, death, or disease to any employee. GENERAL LIABILITY AND AUTOMOBILE LIABILITY COVERAGES The Soboba Band of Luiseño Indians shall, at their own expense, maintain during the performance of this contract professional liability, general liability, and auto liability insurance of the coverage and amount provided below: 1. Automobile Liability Insurance shall include coverage for bodily injury and property damage for owned (if any), hired, and non-owned vehicles and shall not be less than $1,000,000.00 combined limit for any occurrence. 2. Comprehensive or Commercial General Liability Insurance shall include coverage for bodily injury, property damage, and personal injury for premises, operations, products/completed operation, and contractual liability. The amount of the insurance shall not be less than $1,000,000.00 combined single limit per occurrence and $2,000,000.00 in the aggregate. ADDITIONAL INSURANCE PROVISIONS Comprehensive or Commercial Liability Insurance shall (1) include an endorsement adding the County of Riverside as additionally insured regarding worked performed by the Soboba Band of Luiseño Indians, (2) contain a severability of interest clause, and (3) provide that the RCTC shall not incur liability to the insurance carrier for payment of premium. 477 AGENDA ITEM 7 Agenda Item 7 RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: March 9, 2022 TO: Riverside County Transportation Commission FROM: Budget and Implementation Committee Sergio Vidal, Chief Financial Officer THROUGH: Anne Mayer, Executive Director SUBJECT: Proposed Policy Goals and Objectives for Fiscal Year 2022/23 Budget BUDGET AND IMPLEMENTATION COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to: 1) Review and approve the proposed Commission Policy Goals and Objectives for the Fiscal Year (FY) 2022/23 Budget; and 2) Review and approve the Fiscal Accountability Policies for the FY 2022/23 Budget. BACKGROUND INFORMATION: The initial step in the budget process is to develop policy goals and objectives for the upcoming fiscal year consistent with the Commission’s overall strategic direction. Most importantly, the adoption of the Commission Policy Goals and Objectives and Fiscal Accountability Policies for the annual fiscal year budget provides an opportunity to match the Commission’s spending priorities in a manner that implements the promises made to the citizens of the county of Riverside in the Measure A Expenditure Plan and fulfills other Commission responsibilities. The Commission FY 2022/23 Policy Goals and Objectives and Fiscal Accountability Policies reflect minor administrative changes from the prior year’s approved FY 2021/22 Commission Policy Goals and Objectives and Fiscal Accountability Policies. The Commission is driven by four core objectives for the people of Riverside County and the transportation system upon, which they rely: • Quality of life; • Operational excellence; • Connecting the economy; and • Responsible partner Additionally, the fiscal accountability policies that promote fiduciary responsibility and organizational excellence are summarized in six categories: • Financial planning. 478 Agenda Item 7 •Revenues; •Expenditures/expenses; •Debt management; •Cash management; and •Accounting and financial reporting. The Commission Policy Goals and Objectives will be linked to the individual department goals and objectives included in the FY 2022/23 Budget, and the Fiscal Accountability Policies will guide the development and monitoring of the FY 2022/23 Budget. FISCAL IMPACT: There is no fiscal impact related to the approval of the Commission Policy Goals and Objectives and the Fiscal Accountability Policies for the FY 2022/23 Budget. The fiscal impact will be determined upon adoption of the FY 2022/23 Budget during the upcoming June 2022 Commission meeting. Attachments: 1)Proposed Commission Policy Goals and Objectives – FY 2022/23 2)Fiscal Accountability Policies - FY 2022/23 Approved by the Budget and Implementation Committee on February 28, 2022 In Favor: 11 Abstain: 0 No: 0 479 Policy Goals and Objectives As a pproved at its March 9, 2022 meeting, the Commission is driven by four core mission statements and underlying goals for the people of Riverside County and the transportation system upon which they rely: QUALITY OF LIFE RCTC is focused on improving life for the people of Riverside County and empowering them to live life at their pace. Choice RCTC empowers the residents of Riverside County to choose how to safely get to where they are going. Environmental Stewardship RCTC protects and preserves the County’s environment for its residents. Mobility RCTC provides access, equity, and choice in transportation; RCTC is a multimodal mobility partner. Equity RCTC supports transportation services and projects that address inequities, including those in rural, low income, and disadvantaged communities. Access RCTC projects and programs are the connection to employment, housing, schools, community institutions, parks, medical facilities, and shopping in the region. Goods Movement RCTC facilitates the funding and delivery of projects that mitigate the impact of increased goods movement flow through Riverside County and advocates for a reasonable balance between the need to create jobs and to protect public health. OPERATIONAL EXCELLENCE RCTC is a responsible and conservative steward of taxpayer dollars. State of Good Repair RCTC invests in road safety and maintenance in its residents’ neighborhoods and sustainable practices to maintain its stations and facilities. Promises Fulfilled Projects are completed on-time, on-budget; RCTC delivers on its promises as a steward of Riverside County residents’ investment. Efficiency RCTC operates in an efficient and cost-effective manner. Innovation Program and project delivery innovations drive results, savings, and greater economic opportunities for Riverside County residents. Information RCTC operations are transparent and easily accessible; customers get prompt, reliable, quality service. CONNECTING THE ECONOMY RCTC is a driver of economic growth in Riverside County. Workforce Mobility RCTC improves the economy by creating a robust workforce to workplace system; RCTC fosters workforce development by improving transportation access to major employment and education centers. Population Growth Since 1976, RCTC has been responsible for connecting the County’s economy as the County’s population has quadrupled from 550,000 to over 2.4 million today. RCTC is sensitive to each geographic area’s unique needs. Economic Impact RCTC has invested over $4.6 billion in the County’s economy thanks to Measure A and toll revenues, which has a multiplier impact in terms of jobs and economic opportunity throughout Riverside County. 480 ATTACHMENT 1 RESPONSIBLE PARTNER RCTC partners with local, regional, and state governments to deliver road and transit projects. Streets and Roads RCTC has invested over $1.3 billion in local priorities for maintaining streets and roads and fixing potholes. Transit RCTC partners with transit operators to provide residents mobility choices, flexibility, intercity and intercounty connectivity, and access—especially during a post-pandemic recovery. Active Transportation Facilities RCTC continually improves its stations for better bicycle and pedestrian access and partners with agencies within the County to promote active transportation alternatives, including the building of regional trails and bicycle and pedestrian facilities in accordance with local general master and active transportation plans. Grants RCTC is a steward of state and federal grants to leverage Measure A dollars and improve mobility for our communities. Local Measure A Value RCTC invests Measure A dollars into projects and programs that benefit local communities throughout the County. Staff used these core mission statements and goals to prepare this budget and develop the following short-term objectives to further guide the development of the FY 2022/23 budget. Capital Project Development and Delivery  Continue preliminary engineering, design, right of way acquisition, and/or construction of projects included in the Western County Highway Delivery Plan, and projects to improve operations of Metrolink commuter rail service.  Continue to support operations planning and design of projects led by other agencies.  As lead agency for partner agency projects, closeout the I-15/Railroad Canyon Interchange project and commence preliminary engineering of the I-10/Highland Springs Avenue Interchange project and, continue environmental clearance efforts for the Santa Ana River Trail.  Consider opportunities to implement technology-based strategies, or Smart Freeway projects, to manage traffic, reduce congestion and pollution, increase safety, and improve the quality of commutes. Commence Plans, Specifications and Estimates (PS&E) for the Smart Freeway project on I-15 in Temecula.  Maintain and enhance communication and collaboration with the California Department of Transportation (Caltrans) to improve the Commission’s ability to deliver critical projects.  Collaborate with local jurisdictions to implement Transportation Uniform Mitigation Fee (TUMF) regional arterial program projects and facilitate the delivery of eligible arterial improvements in western Riverside County (Western County).  Continue active engagement in state and federal efforts to streamline and modernize the California Environmental Quality Act (CEQA) and the National Environmental Policy Act (NEPA) to improve the Commission’s ability to deliver critical projects. Operations  Efficiently operate express lanes and achieve high customer satisfaction through reduction in congestion, mobility improvements, and management of demand.  Efficiently and cost effectively operate the commuter rail stations and facilities and 91/Perris Valley Line (PVL) rail corridor to ensure reliable high quality commuter rail service.  Efficiently provide motorist assistance services so that motorists can conveniently travel and use transportation facilities as safely as possible. Regional Programs  Proactively engage state and federal legislators and agencies to advance principles identified in the adopted Legislative Platform to ensure that the Commission receives proper consideration for transportation projects and funding.  Monitor transit trends and the associated economic, social, and public health factors that impact ridership and create barriers to transit growth. 481  Subsidize reliable and cost-effective Metrolink commuter rail service to and from Riverside County; SCRRA is the operator of Metrolink.  Provide continued leadership in the planning and development for the Coachella Valley-San Gorgonio Pass Rail Corridor Service.  Support innovative programs that provide transit assistance in hard to serve rural areas or for riders with special transit needs.  Promote cost controls and operating efficiency for transit operators.  Maintain effective partnerships among commuters, employers, and government to increase the efficiency of our transportation system by encouraging and promoting telework and motorized and non-motorized transportation alternatives such as vanpools. Management Services  Maintain close communication with Commissioners and educate policy makers on all issues of importance to the Commission.  Develop and execute a communications and public engagement strategy for the purposes of education, information, and customer service.  Maintain administrative program delivery costs below the policy threshold of 4% of Measure A revenues; the FY 2022/23 Management Services budget is X.XX% of Measure A revenues.  Maintain administrative salaries and benefits at less than 1% of Measure A revenues; the FY 2022/23 administrative salaries and benefits is 0.XX% of Measure A revenues.  Maintain prudent cash reserves to provide some level of insulation for unplanned expenditures or economic downturns.  Maintain current strong bond ratings with rating agencies.  Establish and maintain revenues and reserves generated from toll operations to be available for debt service in accordance with toll supported debt agreements; maintenance, repair, rehabilitation, administration, and operations; and capital projects within the corridor. Linking Commission and Departmental Mission Statements The following matrix (Table 1) illustrates the linkage of the Commission’s core mission statements described in this section to the individual departmental mission statements included in each department’s section. Table 1 – Relationship between Commission and Departmental Mission Statements Department Quality of Life Operational Excellence Connecting the Economy Responsible Partner Management Services Executive Management X X X X Administration X External Affairs X X X X Finance X Regional Programs Planning and Programming X X X X Rail Maintenance and Operations X X X X Public and Specialized Transit X X X X Commuter Assistance X X X X Motorist Assistance X X X X Regional Conservation X X X X Capital Project Development and Delivery X X X X Toll Operations X X X X 482 Financial Overview Fiscal Accountability Policies As the steward of local, state, and federal resources, RCTC maintains financial policies that promote fiduciary responsibility and organizational excellence. Financial Planning Balanced Budget RCTC adopts an annual budget in which operating and capital expenditures and other financing uses are equal to or less than identified revenues and other financing sources as well as available fund balances. Administration Allocations from local and state sources and toll operations fund administrative costs, including salaries and benefits. o Administrative salaries and benefits cannot exceed 1% of Measure A sales tax revenues. o Administrative costs will not exceed 4% of Measure A sales tax revenues (inclusive of the 1% salary limitation). Retirement Benefits RCTC contributes 100% of the annual requirement related to its proportionate share of the net pension liability and to the postretirement health care benefits. Capital Projects Multi-year capital projects are consistent with the strategic plan and budgeted by fiscal year, based on best available estimates. Reserves RCTC establishes and maintains reserves in accordance with Measure A and TDA policies as well as debt agreements. Revenues Sales Tax RCTC prepares annual and mid-year revised revenue projections to ensure use of current and relevant data; staff may adjust amounts during the budget process to reflect the most current economic trends. Tolls RCTC-adopted policies establish congestion pricing in order to optimize throughput on toll facilities while generating revenue to meet all financial commitments related to: o Debt issued to construct or repair any portion of the toll facility, payment of debt service, and satisfaction of other covenants and obligations related to indebtedness of the toll facility, including applicable reserves; o Development, maintenance, repair, rehabilitation, improvement, reconstruction, administration, and operation of the toll facilities, including toll collection and enforcement and applicable reserves; and o Projects within the corridor that generated the revenue. Funding Sources RCTC uses local funding sources to maximize federal and state funding of projects. Sale of Properties RCTC returns proceeds from the disposition of excess properties to the programs that provided the funding sources for the property acquisition. Expenditures/Expenses Priorities RCTC reviews established priorities for planning and programming of capital projects annually. Accountability RCTC compares actual expenditures/expenses to the budget on at least a quarterly basis and appropriately notes, explains, and justifies significant deviations. Procurement RCTC ensures competitive, transparent, objective, and fair procurement selection processes in accordance with policies adopted on February 10, 2021. 483 ATTACHMENT 2 Capital and Intangible Assets On a government-wide basis, RCTC records capital and intangible assets at historical costs, estimated historical costs if purchased or constructed, or estimated fair value at date of donation. RCTC maintains such assets in a state of good repair and safeguards them from misuse and misappropriation. o RCTC generally does not capitalize infrastructure, which title will be vested with Caltrans or other governmental agency. o RCTC depreciates capital and amortizes intangible assets over the estimated useful life or service concession term. Debt Management Debt Limitation Outstanding sales tax revenue debt cannot exceed $975 million, in accordance with Measure K approved by a majority of the voters in November 2010; RCTC can issue toll-supported debt for specific highway projects based on amounts authorized by the Commission. Management RCTC maintains and updates the Debt Management Policy, as adopted on March 11, 2020, and Interest Rate Swap Policy, as adopted July 12, 2006, for matters related to sales tax revenue and toll-supported indebtedness. Coverage RCTC maintains debt coverage ratios of 2.0x on all senior sales tax revenue debt and 1.3x on all toll-supported debt. Issuance RCTC issues debt for major capital projects including engineering, right of way, construction, and design-build; RCTC will not finance operating requirements except for initial toll operations. Costs of issuance, including the standard underwriter’s discount, do not exceed 2% unless specifically authorized. Maturity All sales tax revenue debt matures prior to the termination of 2009 Measure A on June 30, 2039; all toll-supported debt matures prior to the expiration of toll facility agreements. Cash Management Management RCTC invests funds in order of priority (safety, liquidity, and yield) in accordance with the Investment Policy, adopted on December 8, 2021, or debt agreements. Receipts Where possible, RCTC encourages receipt of funds by wire transfer to its accounts. Payments RCTC makes cash disbursements to local jurisdictions and vendors/consultants in a timely manner. Operating Balances RCTC maintains amounts in the bank operating account at the amount necessary to meet monthly expenditures/expenses. Accounting and Financial Reporting Accounting System RCTC maintains an ERP system that integrates project and toll operations accounting needs and improves accounting efficiency. Reporting RCTC issues an annual financial report; separate financial reports for the LTF, STA, Proposition 1B Rehabilitation and Security Project Accounts, SB 1 SGR Program, Low Carbon Transit Operations Program (LCTOP), and toll operations; and the State Controller’s Transportation Planning Agency Financial Transactions Report and Government Compensation in California Report. Audits An independent accounting firm conducts an annual audit of the Commission’s accounting books and records; RCTC obtains audits of Measure A and TDA funding recipients for compliance and other matters in a timely manner. 484 Functional Management Unlike many governments that provide direct services to the public, the Commission’s overall responsibility is to manage transportation planning and funding for the County. As a result, its budget in terms of dollars, is comprised primarily of capital-related programs and projects; the operating component of the budget is related to toll operations, multimodal programs (transit planning, rail operations, and commuter and motorist assistance services), and regional conservation. Management services, consisting of executive management, administration, external affairs, and finance, provide support to both capital and operating programs and projects. Chart 9 depicts the organization of the Commission’s oversight and management functions. Chart 9 – Functional Organization Chart FY 2022/23 Chart 10 illustrates the relationship between the Commission’s functional management or departments and the Commission’s fund structure. MSHCP Goods Movement Station Maintenance TUMF Program Property Management Regional Transportation Plan State Transportation Improvement Program Financing Transit Planning Congestion Management Clerk of the Board & Board Relations Claims Administration Human Resources Administration Media Relations Public Information & Communications Regional Conservation Legal Counsel Highway & Rail Capital Programs Executive Management Finance External Affairs Multimodal Programs RCTC Board of Commissioners RCA Board of Directors Toll System Investment Management Debt Management New Corridors Insurance Administration Development Operations Information Technology Capital Project Development & Delivery Policy Committees • WRC Programs & Projects • Toll Policy & Operations • Budget & Implementation Advisory Committees • Technical Advisory • Citizens Advisory Executive Committee Budget Development Contract Management & Procurement Disadvantaged Business Enterprise Financial Management Legislative Advocacy & Analysis Public Information & Communications Call Box Program Commuter Assistance Freeway Service Patrol Rail OperationsOffice & Records Management Community Engagement 485 Chart 10 – Relationship of Functional Management and Fund Structure Budget Process The budget is the primary performance tool used to measure and control accountability of public agencies for taxpayer dollars. The budget communicates to all stakeholders (i.e., elected officials, regional agencies, and citizens) how the investment they made will be put to use by providing detailed information on the specifics of resource allocation and uses. The Commission monitors progress on a monthly basis, and it makes revisions and updates as necessary to reflect changing dynamics and accommodate unplanned requests. This results in a budget document that is useful and meaningful as a benchmark against which to evaluate government accomplishments and/or challenges and to assess compliance with fiscal accountability. The budget process consists of six primary tasks conducted in phases throughout the fiscal year. Chart 11 illustrates the budget process for the development of the FY 2022/23 budget and monitoring of the FY 2021/22 budget. Each task is summarized below. Chart 11 – Budget Process Short-Term Strategic Direction Phase The first phase of the budget process is to determine the direction of the Commission in the short- term and to integrate this with the Commission’s long-term goals and objectives, including the Western County Delivery Plan as updated and discussed in the Capital Project Development and General Fund Special Revenue Fund Debt Service Fund Management Services Executive Management X Administration X External Affairs X Finance X X X Regional Programs Planning and Programming Services X X Rail Maintenance and Operations X X Public and Specialized Transit X X Commuter Assistance X Motorist Assistance X Regional Conservation X Capital Projects Development and Delivery X X X Toll Operations Capital Projects Fund Enterprise Fund X Functional Management/Department J A S O N D J F M A M J 1 Short Term Strategic Direction Phase 140 days 2 Resource Identification and Allocation Phase 200 days 3 Needs Assessment Phase 120 days 4 Development and Review Phase 150 days 5 Adoption and Implementation Phase 60 days 6 Budget Roles and Responsibilities 366 days ID Task Name Duration 2021 2022 486 Delivery department section. Annually, a workshop is held for the Board to evaluate and determine where the Commission plans to be and what it desires to accomplish over the next five to 10 years; however, due to COVID-19, the Commission did not hold workshops in 2021 and 2022. Annual reviews allow for timely responsiveness to any significant political, legislative, or economic developments that may occur locally, statewide, or nationally. Staff then adjusts its course based on the long-term strategic direction of the policy makers. Staff convenes beginning in early January to both assess actual results, compared to the current year budget, and map changes in strategy for the ensuing fiscal year. Additionally, staff reviews and, if necessary, updates Commission goals and departmental mission statements. Those goals, upon review by the Board, become the Commission's short-term strategic direction. Resource Identification and Allocation Phase Simultaneous with the short-term strategic direction phase, staff focuses on available funding sources and estimated carryover amounts from the current year. The Commission analyzes its fund balances, the excess of fund assets over fund liabilities, for available appropriation in the following fiscal year. In actuality, resource identification occurs throughout the year, but it is finalized in the upcoming fiscal year budget. In connection with the long-term strategic planning process, the Commission determines borrowing needs, but it adjusts such amounts in the annual budget to reflect current information. Needs Assessment Phase Staff and consultants evaluate projects and studies for consideration in the next year. Project priority and sequencing set in the long-term strategic plan are the top candidates for budget submission. However, priorities may have changed due to economic necessities or political realities, resulting in rescheduling projects by acceleration or postponement. The Commission may add new projects or delete existing priorities. Development and Review Phase Using all the data and information gathered from the previously mentioned stages, department managers submit their desired budgets to the Finance Department. Finance staff compiles the information, along with staff and overhead allocations, into a preliminary or draft budget. After review by the Executive Director and inclusion of the desired changes, staff presents the draft budget to the Board for input. Adoption and Implementation Phase Staff submits the proposed budget to the Commission no later than its June meeting, and the Commission conducts a public hearing to allow for public comment on the proposed budget. The Commission may choose, after the public hearing, to adopt the budget or to request additional information and/or changes to the budget. The budget, including the salary schedule, must be adopted no later than June 15 of each year. Upon adoption by the Commission, staff enters the budget into the ERP system effective July 1 for the next fiscal year. Budget Roles and Responsibilities Involvement in the budget permeates all staffing levels at the Commission, as presented in the staff organization chart in Appendix B, from clerical support staff to policy makers. Each program manager develops a detailed line-item budget that consists of the operating and/or capital 487 components and submits those budgets, by program, to the department director for review and concurrence. While all departments have operating components, Rail station operations and maintenance and Toll Operations represent the Commission’s primary operation functions that consider long-range planning. Details on these operations are included in the Rail and Toll Operations department sections, respectively. The department managers submit their budgets to the Chief Financial Officer by mid-March, and the Finance Department compiles the department budgets. Both the capital and operating budgets are combined into the draft budget for the entire Commission. The Chief Financial Officer and Executive Director review the entire budget for overall consistency with both the short- and long-term strategic direction of the Commission, appropriateness of funding sources for the identified projects and programs, and reasonableness of the operating and capital budget expenditures/expenses. Expenditure/expense activities of the funds are controlled at the budgetary unit, which is the financial responsibility level (General, Measure A, Motorist Assistance, LTF, STA, TUMF, Other Agency Projects, Capital Projects, Debt Service Funds, and Enterprise Fund) for each function (i.e., administration, operations, programs, intergovernmental distributions, debt service, capital outlay, and other financing uses). These functions provide the legal level of budgetary control (i.e., the level at which expenditures/expenses cannot legally exceed the appropriated amount). Budget-to-actual reports are available to program managers and directors on a real-time basis through the ERP system for informational and management purposes, including identification and evaluation of any significant budget variations. During the fiscal year, management has the discretion to transfer budgeted amounts within the financial responsibility unit according to function or may provide support for supplemental budget appropriations requests. Supplemental budget appropriation requests require the authorization of the Commission. The Commission may take action at any monthly meeting to amend the budget. In some years, the Finance Department may compile miscellaneous requests and submit a budget appropriations adjustment at mid-year to the Commission for approval. Those budget amendments approved by the Commission are incorporated into the budget, as they occur, and are reflected in the annual financial report in the final budget amounts reported in the budgetary schedules. 488 COMMISSION POLICY GOALS AND RELATED FISCAL POLICIES FY 2022/23 Budget Sergio Vidal, Chief Financial Officer 1 Budget Development FY 2022/23 BUDGET 2 Commission Goals and Policies •Core goals and objectives •Guiding fiscal policies Department Goals and Objectives •Specific to department or program •Correlate to core goals and objectives Budget Development and Adoption •Public hearings open in May •Adopt budget by June 15 Commission Goals and Fiscal Policies Commission Goals and Objectives FY 2022/23 BUDGET 3 Quality of Life •Choice •Environmental Stewardship •Mobility •Equity •Access •Goods Movement Operational Excellence •State of Good Repair •Promises Fulfilled •Efficiency •Innovation •Information Connecting the Economy •Workforce Mobility •Population Growth •Economic Impact Responsible Partner •Streets and Roads •Transit •Active Transportation •Grants •Local Measure A Value Commission Goals and Fiscal Policies Short-Term Objectives FY 2022/23 BUDGET 4 Capital Project Development and Delivery Operations Regional Programs Management Services FY 2022/23 Budget Commission Goals and Fiscal Policies Commission Goals and Fiscal Policies Guiding Fiscal Policies FY 2022/23 BUDGET 5 Financial planning Revenues Expenditures/expenses Debt management Cash management Accounting and reporting Commission Goals and Fiscal Policies Next Steps FY 2022/23 BUDGET 6 Final Budget May 23 –B&I reviews budget June 8 –Commission closes public hearing and adopts budget Draft Proposed Budget April 25 –B&I reviews Executive Summary May 11 –Commission opens public hearing and reviews Executive Summary Development of Budget Departmental budgets, including linkage to Commission goals and objectives Compilation and review of budgets consistent with fiscal policies AGENDA ITEM 8 Agenda Item 8 RIVERSIDE COUNTY TRANSPORTATION COMMISSION DATE: March 9, 2022 TO: Riverside County Transportation Commission FROM: Budget and Implementation Committee David Knudsen, Interim External Affairs Director THROUGH: Anne Mayer, Executive Director SUBJECT: State and Federal Legislative Update BUDGET AND IMPLEMENTATION COMMITTEE AND STAFF RECOMMENDATION: This item is for the Commission to: 1) Receive and file an update on state and federal legislation; and 2) Adopt the following bill position: a. AB 1778 (Cristina Garcia)—Oppose. BACKGROUND INFORMATION: State Update As the Legislature continues to discuss and develop the Fiscal Year 2022-23 state budget, the last day for new bill introductions was February 18. The Legislative Affairs staff is anticipating several new transportation bills in the State Legislature this year. In particular, staff is aware of a bill proposed by Assembly Budget Committee Chair Phil Ting (San Francisco) regarding toll penalties, fee collection and cash account options by tolling agencies in California. Assemblymember Ting’s interest in this issue is based on a report authored by SPUR, a nonprofit public policy organization in the San Francisco Bay Area, called: “Bridging the Gap - Addressing the inequitable impacts of bridge toll fines and fees on Bay Area drivers.” The report specifically looked at Metropolitan Transportation Commission’s (MTC) tolling system and made the following recommendations: • End high fines and fees; • Cap total fines per driver, per year; • End fines for low-income drivers; • End the use of collections agencies; • Implement payment plans; • Improve the violation notification system; • Do not put car registrations on hold; • Provide amnesty for all existing toll debt and end all existing DMV holds; 489 Agenda Item 8 • Discount tolls for low-income drivers; and • Perform and publish an annual evaluation of toll payment systems. While this report is specific to MTC, Assemblymember Ting’s office expressed belief that the concepts identified in the report are of statewide legislative interest. The SPUR report is attached to this staff report and can be read at: https://www.spur.org/sites/default/files/2021- 12/SPUR_Bridging_the_Gap.pdf. RCTC is working with the California Toll Operators Committee to help inform Assemblymember Ting's staff on the tolling operations across the state. Staff believes the bill will consider the toll violation penalty assessment and fee collection process and cash prepayment opportunities for FasTrak accounts, among other issues. The Legislative Affairs staff is not seeking immediate action at this time. However, the Committee should be aware of this pending bill introduction. Once Assemblymember Ting's bill is introduced, the Legislative Affairs team will evaluate it, seek to clarify its intent, provide input based on the Commission-adopted 2022 State and Federal Legislative Platform, and bring the bill to the Commission with a recommended bill position. Legislation AB 1778 (Garcia) – Staff Recommended Position: Oppose Assembly Bill (AB) 1778, authored by Assemblymember Cristina Garcia (Bell Gardens), would prohibit any state funds or personnel time from being used to fund or permit freeway widening projects in areas with high rates of pollution and poverty. This one-page bill does not define where freeway-widening would be restricted and lacks definition of high rates of pollution and poverty. While this may be “spot language” to be further clarified, the bill’s intent and language is exceptionally expansive. AB 1778 could also impact existing projects because of its limitations on permitting. More importantly, AB 1778 does not recognize the extensive state and federal environmental review processes that already exists for transportation projects in California. As outlined by the California Environmental Quality Act (CEQA), California environmental review requirements currently require government agencies to consider the environmental consequences of their actions before approving plans and policies or committing to a course of action on a project. This process is intended to: • Inform government decision-makers and the public about the potential environmental effects of proposed activities; • Identify the ways that environmental damage can be avoided or significantly reduced; • Prevent significant, avoidable environmental damage by requiring changes in projects, either by the adoption of alternatives or imposition of mitigation measures; and 490 Agenda Item 8 • Disclose to the public why a project was approved if that project has significant environmental impacts that cannot be mitigated to a less than significant level. CEQA requires an interactive process within the communities where transportation projects are under consideration. In addition to not recognizing the significant environmental impact analyses that agencies like RCTC comply with, along with the outreach and stakeholder input, AB 1778 does not acknowledge the environmental mitigation process associated with delivering transportation projects. RCTC supports actions that reduce air pollution and provide mobility options for all communities across Riverside County. RCTC joins the sincere efforts of the state to address past transportation decisions that have instituted and perpetuated inequities, particularly to disadvantaged and low- income individuals and communities. It is critically important that policies do not unintentionally harm the very individuals and communities it seeks to uplift. In suburban and rural areas where housing is more available and affordable, social and racial inequities will be perpetuated by divesting from the state highway system when a disproportionately high number of disadvantaged and low-income individuals rely on this system to get to jobs in coastal urban centers. This bill similarly fails to recognize the billions of dollars in state investments that would be needed to develop robust and reliable multimodal transit alternatives in the region to place all communities on an equitable footing. As a result of the issues identified in the bill, RCTC staff recommends the Commission take an oppose position. This recommendation is consistent with the Commission’s adopted 2022 State and Federal Legislative Platform, including: Equity and Fairness • Policies should be implemented recognizing regional variance by distinguishing high- growth regions for their impact on the economy, environment, and should be dynamic in order to address future population growth. Regional Control • Project selection and planning authority for state/federal funds should be as local as possible, preferably in the hands of the Commission. • State and federal rulemakings, administrative processes, program guidelines, and policy development activities should include meaningful collaboration from regional transportation agencies. • Policies should be sensitive to each region’s unique needs and avoid “one size fits all” assumptions, over-reliance on one mode of transportation, and lack of distinction between urban, suburban, and rural needs. 491 Agenda Item 8 Environment • Oppose efforts to place new environmental criteria (such as GHG reduction or vehicle miles traveled reduction) on transportation projects and programs without commensurate funding for alternatives or mitigations. Funding • Support all efforts to maintain, at the very least, level state/federal funding for transportation programs. RCTC agrees that a multimodal, interconnected transportation system would benefit the residents of Riverside County. The wholesale prohibition of freeway capacity projects in communities that need it most will not help meet the transportation needs of the growing population in Riverside County. State Budget Funding Request On February 7, 2022, RCTC joined the Southern California Association of Governments, Metrolink, and the region’s county transportation commissions in signing a state funding request letter. In total, the request is for $19 billion in state budget surplus funding to be invested in transportation programs in southern California. The funding request includes: • $10 billion to prioritize public transit capital, operations, and maintenance to fund and build out the region’s transit system; • $4 billion to expand SB 1 programs to reduce project backlog by providing an infusion of General Fund revenues to these critical programs; • $2.5 billion for active transportation, zero-emission programs, and transit ridership programs; and, • $2.5 billion for projects that support the 2028 Summer Olympic and Paralympic Games. This request is in addition to the $2.26 billion budget funding request submitted by the Inland Empire Caucus for transportation projects that would provide immediate relief for Riverside and San Bernardino County residents. Evaluation of California State and Regional Transportation Plans and Their Prospects for Attaining State Goals In 2019, Governor Gavin Newsom signed Assembly Bill 285 authored by Assemblymember Laura Friedman which required the California Strategic Growth Council (SGC) to submit a report to the Legislature by January 31, 2022, that included an overview of the California Transportation Plan (CTP), a review of all regional Sustainable Communities Strategies (SCS) and any alternative planning strategies. The report also needed to include: 492 Agenda Item 8 • An assessment of how the implementation of the CTP and regional plans “will influence the configuration of the statewide integrated multimodal transportation system.” • A “review of the potential impacts and opportunities for coordination” of key state funding programs,” to be conducted in consultation with the administering agencies. • Recommendations for the improvement of these programs or other relevant transportation funding programs to better align the programs to meet long-term common goals, including the goals outlined in the CTP. The report concluded that California is not on track to meet its GHG reduction targets and is likely to fall short of attainment of other important goals. Furthermore, report authors add that without that additional action, the CTP 2050 shows that vehicle miles traveled could increase by 13 to 35 percent, and delayed could worsen the outlook. Therefore, the following recommendations were submitted: • Review and align state goals; • Identify current policies, programs, and projects that could conflict with priority goals, and seek ways to resolve conflicts and harmonize policies and actions; • Review and revise transportation funding programs in light of California policy goals and the newly increased federal support for transportation; • Review and update the roles of transportation organizations at the state, regional, and local levels; • Give MPOs additional authority to accomplish the goals that California expects of them; • Redesign California’s transportation plans to increase their impact; and • Institute and independently evaluate demonstration programs and projects that can serve as test beds for innovations that would advance state goals and, when successful, can help establish best practices for contemporary goals. Studies like California Transportation Assessment Report underscores the state’s continued policy shift and funding approach regarding transportation projects. California State Transportation Agency Governor Newsom appointed California Department of Transportation (Caltrans) Director Toks Omishakin to serve as Secretary of the California State Transportation Agency (CalSTA) on February 2, 2022. Secretary-designate Omishakin has served as Caltrans Director since 2019. He was Deputy Commissioner for Environment and Planning at the Tennessee Department of Transportation from 2011 to 2019. He was Director of Healthy Living Initiatives in the Nashville Mayor’s Office from 2008 to 2011. Secretary-designate Omishakin earned a Master of Arts degree in Urban and Regional Planning from Jackson State University. This position requires Senate confirmation. Former Secretary David Kim departed this position on January 14, 2022, having been appointed by Governor Newsom on April 24, 2019. 493 Agenda Item 8 Federal Update Infrastructure Investment and Jobs Act Implementation The U.S. Department of Transportation (USDOT) is working on the implementation of the Infrastructure Investment and Jobs Act (IIJA). There are a multitude of changes to existing programs and dozens of new programs included in the five-year legislation. The implementation efforts include several Requests for Information (RFI) and RCTC is working to provide comment and input to reflect the Commission’s priorities. Thus far, comments have been submitted for the RFI on the Development of Guidance for Electric Vehicle Charging Infrastructure Deployment. As of the writing of this report, staff are also finalizing comments for a general RFI regarding the implementation of the IIJA, in which comments are broken down by program. USDOT has begun to release notices soliciting comments for discretionary grant programs and will continue to do so in the coming months. Staff will examine each of these solicitations to determine which are appropriate to pursue for federal funding. FY 2022 Federal Appropriations The federal government is currently operating under a Continuing Resolution (CR) to fund the government through February 18, 2022. Congress intends to pass another CR prior to that deadline that will extend funding for the government through March 11, 2022. House and Senate leadership continue to negotiate on a bipartisan basis to reach agreement on government funding levels and any policy provisions that may be included in appropriations bills. While the government operates under a CR, there are certain budgetary restrictions that are impacting implementation of the IIJA. Several new programs, such as the Carbon Reduction program and the resiliency PROTECT program for example, cannot begin under the rules of a CR. In addition, the CR restricts the funding from the IIJA that is available for state and local governments to obligate. FISCAL IMPACT: This is a policy and information item. There is no fiscal impact. Attachments: 1) State and Federal Update Legislative Matrix – February 2022 2) SPUR Report 3) Joint State Budget Surplus Funding Request Letter 4) RCTC Comment Letter on Electric Vehicle Charging RFI 5) California Transportation Assessment Report 494 RIVERSIDE COUNTY TRANSPORTATION COMMISSION - POSITIONS ON STATE AND FEDERAL LEGISLATION – FEBRUARY 2022 Legislation/ Author Description Bill Status Position Date of Board Adoption AB 1499 (Daly) Removes the January 1, 2024 sunset date for Department of Transportation and regional transportation agencies to use the design- build procurement method for transportation projects in California. Signed by the Governor September 22, 2021 SUPPORT April 14, 2021 SB 623 (Newman) Clarifies existing law to ensure toll operators statewide can improve service to customers and enforce toll policies while increasing privacy protections for the use of personally identifiable information (PII). Failed to Pass House of Origin by January 31, 2022 deadline. February 1, 2022 SUPPORT Staff action based on platform April 5, 2021 SB 261 (Allen) This bill would require that the sustainable communities strategy be developed to additionally achieve greenhouse gas emission reduction targets for the automobile and light truck sector for 2045 and 2050 and vehicle miles traveled reduction targets for 2035, 2045, and 2050 established by the board. The bill would make various conforming changes to integrate those additional targets into regional transportation plans. Failed to Pass House of Origin by January 31, 2022 deadline. February 1, 2022 OPPOSE May 12, 2021 FederalHR 972 (Calvert) This bill establishes the Western Riverside County Wildlife Refuge which would provide certainty for development of the transportation infrastructure required to meet the future needs of southern California. Ordered Reported by the House Committee on Natural Resources July 14, 2021 SUPPORT Staff action based on platform June 11, 2021 ATTACHMENT 1 495 SPUR REPORT NOVEMBER 2021 Addressing the inequitable impacts of bridge toll fines and fees on Bay Area drivers Bridging the Gap ATTACHMENT 2 496 Acknowledgements The SPUR Executive Board adopted this report on September 13, 2021. Authors: Jerold Brito, Jacob Denney, Adrian Leong, Scott Miller and Margaret Parker Thank you to the Metropolitan Transportation Commission and Bay Area Tolling Authority for providing toll violation data, and to representatives from Bay Area Legal Aid, the East Bay Community Law Center, the Policy Advocacy Clinic at the UC Berkeley School of Law, and the Lawyers’ Committee for Civil Rights of the San Francisco Bay Area for providing insights on clients affected by tolls, fines and fees. Thanks to Stephanie Campos-Bui, Hayley Currier, Michael Herald, Nick Josefowitz, Paloma Sisneros-Lobato, Alicia John-Baptiste and Anne Stuhldreher for reviewing and providing feedback on this report. Edited by Colleen Valles Copy edited by Mary Rosewood Designed by Shawn Hazen 497 Contents Reducing the Harms of an Inequitable Tolling System 4 How Bay Area Bridge Tolls Work Today 8 The Problem: Extreme Tactics and Lack of Information 11 How Fines and Fees Are Harming People 17 Literature Review and Best Practices Analysis 22 Recommendations 26 Limitations 33 Conclusion 34 Appendix A 35 Appendix B 36 Appendix C 37 498 Reducing the Harms of an Inequitable Tolling System The Metropolitan Transportation Commission (MTC) has inherited a system for collecting unpaid tolls that is putting thousands of Bay Area residents into a cycle of debt. This cycle disproportionately harms lower-income and working people by charging expensive fines and fees that are more than 12 times the cost of a toll. As the commission looks to build a more effective and equitable system, we recommend a series of actions, building on the work done by MTC in 2020, to help reduce the harm of fines for unpaid tolls and begin to move toward an equitable tolling system. These changes, many of which MTC is already considering or has implemented on a temporary basis, would create immediate solutions to this inherited problem. When someone drives over one of the region’s toll bridges, they are charged a $6 toll and mailed an invoice for the amount owed. If they have a FasTrak account or a registered License Plate Account, those accounts will be charged the toll. If people do not promptly pay their toll, or if their payment accounts are empty, they are charged a series of fines — financial penalties for breaking the law — and fees, which are added to penalties in order to recoup costs. These fines and fees could ultimately reach $70 for each missed toll payment. In 2019, there were 5 million such instances of unpaid tolls resulting in fines and fees. When people accrue multiple unpaid tolls, they can find themselves hundreds or thousands of dollars in debt, with the original toll representing a fraction of the amount owed. For someone making San Francisco’s minimum wage of $16.32 an hour and commuting into the city over the Bay Bridge, one week’s commute can end up costing more than half a week’s wages from full-time work. These debts can force people into situations where they must choose between paying their rent and paying the accumulated fines and fees. Fines and fees can trap people in a cycle of debt, destabilizing them economically and setting them on a path to poverty that’s difficult to escape. In October of 2021, prompted by this research and MTC’s commitment to equity, the fine and fee for missing a toll payment was reduced to a total of $15. Bridge tolls fund billions of dollars of transportation improvements, including maintenance of the bridges themselves, and support local and regional transit operations. They are also crucial to ensuring that drivers help offset the harm they are causing others — including through increased congestion, air pollution and climate emissions — and as a tool to encourage drivers to take transit or carpool. However, there are four key problems with the current system for dealing with unpaid tolls: mailing address errors, accessibility barriers, high fines and fees, and a lack of payment plan options. These problems create an inequitable system that causes significant harm to people across the Bay Area. A customer-unfriendly notification system, coupled with outdated and difficult-to-navigate institutional and enforcement structures, such as overwhelmed call centers and multiple agencies in charge of administering fines and fees, causes many drivers to incur more unpaid tolls and subsequent noncompliance fines and fees than they realize. Efforts to collect these outstanding BRIDGING THE GAP 4 499 BRIDGING THE GAP 5 toll and fine balances, such as placing vehicle registration holds with the California Department of Motor Vehicles (DMV) or assigning the debt to a private collection agency, create even harsher consequences that disproportionately harm low-income drivers. A registration hold, which does not allow a person to renew their car registration until they have paid these debts in one lump sum, can force low-income people into the position of having to choose between driving their car illegally on an expired registration and getting to work, medical appointments or other necessary activities. The fines and fees from toll violations are also heavily concentrated in a handful of communities. Out of the nearly 5 million total violations from 2019, more than 1 million came from 20 Bay Area ZIP codes alone, out of the more than 200 ZIP codes in the region. Most of the 20 ZIP codes have a higher poverty rate than the Bay Area average. Seven out of 10 unpaid toll violations were sent to the DMV or collection agencies, which can cause far-reaching harm to low-income drivers. While it’s clear that the current structure of toll fees and fines is high pain to lower-income drivers, the system is also low gain because only 3% of bridge toll revenues comes from fines and fees. MTC has recognized the many problems with the current system and has begun the process of reforming it. As the commission examines all of the factors it must consider in order to design an equitable tolling and enforcement system that meets the region’s transportation and sustainability goals, we recommend a series of immediate changes that will reduce the harm the current unpaid toll system inflicts on lower-income people. Reforms to the tolling rates, violation notification and collection systems will reduce or eliminate many of the ongoing harms caused by the system and can help to begin the process toward a fair and equitable tolling system. As MTC begins the difficult work of reforming their system, we recommend that MTC: > End high-pain, low-gain fines and fees: The fines and fees used in the toll violation system are too expensive and disproportionately harm low-income people. MTC should eliminate the fee that accompanies a second notification for nonpayment (currently $45, MTC voted to reduce this fee to $10 beginning in 2022) and implement a fine that is no more than half of the original toll (which would currently equal $3 for cars). Note: In a previous version of this report, SPUR incorrectly listed the recently adopted fee for second notice of an unpaid toll as $15. The new fee is $10. We apologize for the error. > Cap total fines per drivers: Fines and fees levied per driver should be capped at a maximum annual amount of $100. > End fines for low-income drivers: Fines should be waived for low-income drivers. > End the use of collection agencies: The use of a private collection agency adds unnecessary complexity to the collection process and can have undesired negative effects. Ending the use of collection agencies would give MTC more control over the toll collection process and allow the agency to build a more robust and equitable system. > Implement payment plans: Because most low-income drivers have little, if any, savings, they can easily be put in a position of forced noncompliance when confronted with large sums of unpaid toll debt that exceed their savings. By creating a free payment plan for drivers who 500 BRIDGING THE GAP 6 have missed toll payments, the MTC can increase compliance rates and give these drivers a viable path to pay their tolls. > Improve the violation notification system: With the current mail-based toll violation notification system, many bridge users do not receive timely notice when they have unpaid tolls, and so they can unintentionally accumulate violations, fines and fees that add up to hundreds or thousands of dollars. An improved notification system that uses a combination of text messages, email notices and mailed invoices would increase timely compliance and allow bridge users to avoid accumulating penalties. > Do not put car registrations on hold: Unpaid tolls for California-registered drivers trigger a registration hold through the DMV after the first two mailed notices go unanswered. This adds the unpaid total tolls and fines to the vehicle’s normal registration fee. This measure disproportionately harms low-income drivers because it can cause the cost of their vehicle’s registration renewal to jump to unaffordable levels. By not renewing their vehicle registration, these drivers either lose access to their main (and often only) commute option or risk breaking the law and driving an unregistered vehicle — a problem that has even greater consequences for drivers whose vehicle is also their only safe place of living. MTC should continue the pause of car registration holds they enacted during the start of the COVID-19 pandemic until, at least, they have implemented the changes to their fines and fees and toll notification systems. > Provide amnesty for all existing toll debt and end all existing DMV holds: An immediate amnesty of all existing debt and an end to existing DMV holds is a necessary step in building a more equitable system. The existing system has produced inequitable outcomes, creating significant harms for lower-income people. MTC can acknowledge these harms by ending all debts and removing DMV holds, and then moving forward with a more equitable system. > Begin a robust data collection and survey effort: There is a lack of detailed information on Bay Area bridge users, particularly regarding demographic and income information about drivers. The circumstances of most late toll payments and missed notices are also missing from collected data. This makes analyzing current and proposed practices and finding the most efficient solutions difficult. We strongly recommend that MTC and its agencies begin more proactive and detailed surveys of bridge users and collect data on missed toll payments, their circumstances and other relevant information. Collecting and publicizing this data will assist in the development of more effective policies. > Discount tolls for low-income drivers: Because low-income drivers often lack the resources to reliably pay tolls, MTC should pilot reduced-cost bridge tolls for low-income drivers, similar to what they created for transit and are piloting for express lane tolls. Means-based tolls would increase toll payment compliance rates and improve commuter equity in the Bay Area, without reducing the incentives lower-income drivers have to make sustainable travel choices. Due to a lack of data on who uses the Bay Area’s bridges, we are unable to model 501 BRIDGING THE GAP 7 the fiscal impacts of this policy. A toll discount program could have a significant impact on the toll revenues that support bridge maintenance and regional transit, and MTC could consider a small toll increase on the most polluting cars or during peak periods to make up for the lost revenue. > Perform and publish an annual evaluation of toll payment systems: After adopting these reforms, MTC should implement an annual evaluation of their toll repayment programs and publish their findings. With a regular evaluation process, MTC will be poised to make further changes or tweaks as necessary to build a functioning and equitable tolling system. While MTC does not currently collect sufficient demographic data to accurately estimate the revenue loss associated with the proposed policy changes, today revenue from fines and fees represents less than 1% of the total MTC budget. These recommendations are an attempt to reduce the immediate harm of the existing unpaid toll systems and to lay the groundwork for a broader conversation about how to equitably fund the Bay Area’s infrastructure needs and best promote sustainable transit practices. As MTC considers how to build more equitable systems, this report should be considered a first step in a broader process that examines tolling systems and practices with the intent of building new ones that are rooted in equity. These new systems should be focused on producing MTC’s stated desire to ensure equitable outcomes. 502 How Bay Area Bridge Tolls Work Today The Bay Area’s high cost of living results in individuals from across the region commuting long distances into the major business districts for work. Many of those who work in San Francisco, for instance, do not live in the city. A 2019 report found that although low-wage jobs grew at a comparable rate to high-wage jobs in San Francisco, the city lost 23% of its low-wage households and gained an additional 44% high-wage households in 2017 compared to 2010 levels.1 In 2019, an estimated 312,700 people made a daily commute across the San Francisco–Oakland Bay Bridge alone.2 While the pandemic has allowed many people to reduce or eliminate their commutes, this has not been the case for people working in low-wage jobs, who are often working in person at food establishments, retail stores or similar jobs. There are eight bridges within the Bay Area: the Golden Gate Bridge, the Bay Bridge, the Richmond–San Rafael Bridge, the Hayward–San Mateo Bridge, the Antioch Bridge, the Benicia Bridge, the Carquinez Bridge and the Dumbarton Bridge. The Bay Area Toll Authority, an authority governed by MTC commissioners and staffed by MTC/Association of Bay Area Governments staff, operates seven of those bridges.3 While the Golden Gate Bridge falls under a separate administrative jurisdiction, the Golden Gate Bridge District contracts with MTC to use the same tolling system used on the seven MTC bridges. Given the location and vast size of the San Francisco Bay, many people cannot avoid bridges on their commute to and from work, and there are significant costs associated with using bridges in the Bay Area. As housing prices and living expenses continue to rise within the region’s major economic centers and force more workers to live farther away from work, this need to cross bridges continues to grow. FIGURE 1 The Bay Area has eight toll bridges, seven of which are under MTC authority. Toll bridges in the San Francisco Bay Area 1. Richmond−San Rafael Bridge 2. Golden Gate Bridge (not under MTC authority) 3. San Francisco−Oakland Bay Bridge 4. San Mateo – Hayward Bridge 5. Dumbarton Bridge 6. Carquinez Bridge 7. Benicia-Martinez Bridge 8. Antioch Bridge Source: Wikimedia Commons user Selket, https://commons. wikimedia.org/wiki/File:San_Francisco_Bay_bridges.svg 1 Sasha Perigo, Report: SF Adding Equal Numbers of High- and Low-Wage Jobs, But Not Nearly Enough Low-Wage Housing, Hoodline, 2019, https://hoodline.com/2019/10/report- sf-adding-equal-numbers-of-high-and-low-wage-jobs-but-not-nearly-enough-low-wage-housing/ 2 Based on the San Francisco County Transportation Authority and MTC’s 2019 travel diary data, AC Transit’s on-board surveys, and CalTrans’ 2018 Managed Lanes Report. 3 For the purpose of clarity in this report, we refer to the agency governing bridges and tolls collections as MTC. BRIDGING THE GAP 8 8 4 6 2 7 3 5 1 503 BRIDGING THE GAP 9 After Caltrans removed the toll takers from their booths at the start of the pandemic for public health reasons, MTC was forced to temporarily shift to an all-electronic toll collection system, something that had been considered for some time. As it became clear that the pandemic would continue, MTC made the decision to accelerate its permanent transition to all-electronic tolling. Now that toll takers and cashiers are gone, people can choose to pay the base toll amount of $6 in one of three ways: pay via FasTrak (manual or auto-refill), pay using a License Plate Account (pay as you go) or rely on mailed invoices sent to the address associated with their car registration to notify them of recent transactions. If the toll payment is not received by its due date, drivers are given a penalty of $25 that they must pay in addition to the original toll amount within 15 days. If this goes unpaid, a second notice is sent with an additional $45 late fee, bringing the total fine and fee to $70, almost 12 times the original toll.4 In October of 2021, MTC voted to reduce the penalty for an unpaid toll to $5 and the fee at a second notice to $10. This change goes into effect in January of 2022. If, after these two notice periods, the violation remains unpaid, the individual can face additional fees and have their car registration put on hold with the DMV or their debt assigned to a private collection agency (Figure 2).5 In 2020, MTC saw a huge increase in late payments of tolls as a result of the sudden shift to all-electronic tolling. The commission recognized the potential harms caused by the existing toll violation system and moved quickly to remedy them. Costly fines and fees were temporarily suspended, and people no longer were expected to pay a large financial penalty for late payment of a toll. MTC also suspended its practice of putting car registrations on hold as a result of nonpayment of fines and fees, so people who missed payments would not have to pay any debts owed before re-registering their vehicle. During the pandemic, MTC also made significant improvements to multiple parts of their customer service system. Recognizing the potential for new problems with a now entirely electronic tolling system, MTC ramped up their investments in customer service. They opened a new call center with a focus on multilingual customer service, to improve access for individuals who spoke languages other than English. MTC also made improvements to their online payment system, simplifying the process of paying online and making web materials available in multiple languages. MTC is also in the process of developing a smartphone app to help customers more easily manage their FasTrak accounts and is in the process of reducing the cost drivers pay to acquire FasTrak transponders and the minimum balance required for FasTrak. These changes were exactly what was needed during the pandemic and should serve as the metric by which we measure future changes to improve accessibility and reduce the harms caused by missing a toll payment. Investing in customer service, accessibility and systems improvement and moving away from punitive structures to invest in collaborative practices are essential to building equitable and sustainable systems that can work for everyone. 4 FasTrak, “What Are the Penalties and Late Fees for a Notice of Toll Evasion?,” https://www.bayareafastrak.org/en/support/tv-general-information-faq1.shtml 5 “Changes Coming to Bay Area Toll Bridges Friday,” Bay City News, December 29, 2020, https://www.ktvu.com/news/changes-coming-to-bay-area-toll-bridges-friday 504 BRIDGING THE GAP 10 MTC’s Equity Platform In 2019, MTC adopted its first Equity Platform.6 It commits the agency to “meaningfully reverse disparities in access and dismantle systemic exclusion” and to “advance equity through carefully considered investments and policies directed at historically underserved and systemically marginalized groups, including people with low incomes and communities of color.” As part of the effort to incorporate equity into its work, MTC has begun the process of evaluating its bridge toll program. The toll program is one of the largest programs through which it interacts directly with historically underserved and systemically marginalized groups, including people with low incomes and communities of color, who are likely commuting into San Francisco for work from more affordable cities. This makes the program particularly ripe for re-evaluation under the new Equity Platform. FIGURE 2 Unpaid bridge toll notifications rely on mailed notices and jumps in consequences. Current Bay Area system for unpaid tolls Source: Bay Area Tolling Authority (2021). “Transition to All Electronic Tolling at MTC Bridges,” https://mtc.legistar.com/View.ashx?M=F&ID=916 9385&GUID=55AA6A26-07E8-4A7E-B0B1-1F3AFE1469EE 6 MTC, “Equity Platform,” https://www.mtc.ca.gov/about-mtc/what-mtc/equity-platform Toll Invoice Sent DMV Hold and/or Sent for Collection Violation Notice ($25 fine) Second Notice ($45 fee) 505 The Problem: Extreme Tactics and Lack of Information The current system for dealing with missed toll payments does not produce equitable outcomes for all drivers. The system is too punitive and relies on a notification system that is not up to the task of reaching drivers, and the current data collection and publication systems, which largely do not track or publish the information necessary to evaluate impacts, leave too many unknowns about who exactly is affected by the fines and fees for unpaid tolls. This makes it difficult to understand the breadth and depth of the problem and to design solutions. The current unpaid toll system relies on fines and fees that are too high for many drivers. Each time a person drives through a toll plaza and fails to pay the toll, they can generate $70 in fines and fees. People can easily find themselves with debts of hundreds or thousands of dollars that they have no way to pay. For many lower-income residents, the consequences of these debts are enor- mous. People are forced to forgo necessary expenses, such as rent or utility bills, to pay down debts generated by fines and fees almost 12 times higher than the original toll. Debts accrued in this way can dog people for years and force them to choose between breaking the law or going to work. Recently MTC recognized the problem caused by its high fines and fees and voted to reduce them to $15, a more than 70% decrease. The new fines and fees, however, are still more than three times higher than the cost of the toll and can cause significant debts to individuals. As MTC saw and quickly acted on, the pivot to automated tolling exacerbated the problem. Drivers now must navigate paying tolls in entirely new ways. The COVID-19 pandemic has also exposed many lower-income people to the high costs of fines and fees because low-income workers in essential industries are required to perform in-person work while navigating reduced transit services. This has left many people commuting by car and using tolled bridges, creating a perfect storm for accumulating high fines and fees while struggling through an unknown system. Two additional problems plague the toll violation system: how missed toll payments are communicated and how they are adjudicated. Such problems existed before the pandemic, but the harms caused by an antiquated notification system have become more widespread today because of all-electronic tolling. The system for notifying people that they haven’t paid a toll relies on mailed notifications. If people don’t live at the address associated with their license plate, or if mail is lost or undelivered, those who didn’t pay a toll receive notifications late or not at all. Many don’t realize they’ve gotten a fine until their registration is put on hold. When all-electronic tolling was originally instituted as an emergency measure in March 2020, MTC temporarily waived all missed payment penalties, as well as the escalation of outstanding payments.7 However, all-electronic tolling was made permanent across all bridges in the Bay Area on January 1, 2021, and fines and fees were reinstated.8 With the return of the enforcement system, evidence from MTC showed an increase in 7 MTC, “Cash Toll Collection Suspended at Bay Area Bridge,” March 20, 2020, https://mtc.ca.gov/whats-happening/news/cash-toll-collection-suspended-bay-area-bridges 8 MTC, “New Year Brings New Toll Collection System to Bay Area Bridge,” December 28, 2020, https://mtc.ca.gov/whats-happening/news/new-year-brings-new-toll-collection- system-bay-area-bridges BRIDGING THE GAP 11 506 BRIDGING THE GAP 12 violation rates in January 2021 as 14% of all bridge-crossings resulted in violations of one kind or another, compared to 7% in March to December 2020. The use of car registration holds has only compounded the problem with the toll violations system. Car registration holds are the result of a collaboration between MTC and the DMV, where, at MTC’s request, the DMV will place a hold on a car’s registration until any unpaid tolls, fines and fees are repaid. This practice can have unwarranted downstream effects for lower-income drivers. Large debts are difficult for people to pay, and lower-income households are much less likely to be able to pay unexpected expenses in the hundreds or thousands of dollars. This forces drivers to either illegally drive a car with an expired registration or stop driving altogether until they can find a way to pay the debts. Low-income drivers facing registration holds are unlikely to be able to stop using their car while resolving the hold. Instead, they are obligated to continue driving — to get to work, the doctor’s office or another important appointment — despite their lapsed registration, effectively forcing them to break the law. For those who are living out of their vehicle, a lapsed registration also creates a risk of losing their only shelter. The past use of collection agencies in the toll violation process is also particularly harmful for lower-income households. Collection agencies can take a range of legal actions in pursuit of toll debts, including harming people’s credit scores, which can hinder their ability to secure housing, as well as pursuing garnishments against their wages, which can take vital money out of the pockets of vulnerable people. These harms are vastly disproportionate to the original offense of failing to pay tolls. For not paying their $6 tolls, drivers whose accounts are sent to collection agencies could face barriers to establishing or maintaining a basic standard of living — impacted credit scores can lead to rejected applications for housing or jobs. Through these legal actions, collection agencies cause lasting and deep-cutting damage to drivers’ lives in areas outside of their commutes. The lack of information around violations, the surrounding circumstances and even who uses bridges is a significant barrier to identifying meaningful solutions to the problem. While hundreds of thousands of violations are administered annually, there is little known about who is exposed to toll system fines and fees. The only information currently reported on missed toll payments is the number of total missed payments and at what step in the process they are paid. Not reported are details on where unpaid tolls occur, demographic details on who is not paying tolls, what communities people with unpaid tolls come from and the frequency of unpaid tolls. More complicated questions such as why people have not paid their tolls, how they navigate the toll violation system and what would help them pay their tolls are not asked during the toll violation process and thus are not reported. Similarly, a lack of information on who uses toll bridges has contributed to a lack of understanding on how the toll violation system impacts people. Without understanding what is happening when people fail to pay tolls and who is exposed to the existing system, it is difficult to build an effective and equitable system. Where Unpaid Tolls Are Happening The problems with the current tolling system are placing disproportionate harm on low-income drivers in the Bay Area. As seen in Figure 3, many of the Bay Area ZIP codes with the highest 507 BRIDGING THE GAP 13 rates of unpaid tolls also have high poverty rates. Hunters Point in San Francisco and the City of Richmond stand out on both of these metrics (see also Figures 7–9 in Appendix C). The evidence suggests that there is a sizable population of low-income drivers who are particularly vulnerable to tolling inequities. Poverty rates in four of the five ZIP codes with the highest number of unpaid tolls (Figure 4) are higher than the Bay Area average of 8.5%, calculated using poverty rate estimates and population data across the nine Bay Area counties. Four out of five of these ZIP codes are majority nonwhite, with large Latinx, Black and Asian populations. FIGURE 3 Low-income communities have much higher rates of unpaid tolls than wealthier ZIP codes. Rate of violations per capita by Bay Area ZIP codes, as compared to poverty rates by Bay Area ZIP codes Source: Authors’ analysis of MTC toll violation data and the Census Bureau’s 2019 American Community Survey 5-year estimates,9 https://www.census.gov/programs- surveys/acs/news/updates/2020.html 9 ZIP codes with violation rates greater than two violations per capita were considered outliers and were excluded from our analyses. These include the ZIP code associated with San Francisco International Airport (94128), one ZIP code in downtown San Francisco (94104), and three ZIP codes for Vallejo (94589, 94590 and 94591). While we were unable to explain definitively why these ZIP codes had such high violation rates, we suspect that several factors come into play, including the influence of small populations, corporate fleets and rental companies. Violation Rate per Capita ©2 0 2 1 M a p b ox © O p e n S t r e e t M a p 0.00 0.25 Percent of People Estimated in Poverty 0.501.0 1.5 1.9 508 BRIDGING THE GAP 14 FIGURE 4 Most ZIP codes with the most unpaid toll violations are majority non-white, have higher rates of limited- English speaking households and have higher rates of poverty than the region as a whole. Selected toll, violation and demographic data for the ZIP codes with the greatest number of toll violations Source: Authors’ analysis of MTC toll violation data and the Census Bureau’s 2019 American Community Survey 5-year estimates, https://www.census.gov/programs- surveys/acs/news/updates/2020.html ZIP CODE CITY VIOLATIONS (2019) % OF PEOPLE IN POVERTY RACE/ETHNICITY % LIMITED ENGLISH- SPEAKING HOUSEHOLDS 94806 San Pablo, Richmond 92,030 12.0%52% Latinx 18% Asian 14% Black 11% White 14.2% 94533 Fairfield 83,977 11.0%35% Latinx 26% White 17% Black 15% Asian 6.6% 94804 Richmond, El Cerrito 57,930 18.8%40% Latinx 25% Black 17% White 12% Asian 9.4% 94510 Benicia 53,434 7.0%65% White 13% Latinx 11% Asian 3% Black 1.8% 94124 San Francisco (Hunters Point)52,282 18.7%36% Asian 27% Black 24% Latinx 8% White 15.0% A Discouraging System The current toll notification and violation systems are not up to the task of effectively and equitably dealing with toll debts. When administering costly fines and fees, data on toll violations show a majority of violations are sent to the DMV or to a collection agency, the final step in the violation process. When fines and fees were paused in 2020, there was a significant increase in the share of people paying tolls at the first late notice. In 2021, when fines and fees were once again implemented, a majority of toll violations were sent to the DMV or for collection. This increase is evidence of the current notification system’s inability to reach people in a timely manner and the discouraging effect on payment that fines and fees have. As MTC has moved to an all-electronic toll collection system, increasing the reliance on physical notifications for drivers who would otherwise have paid with cash and the likelihood of people entering the toll violation process, evaluating the current system’s struggles is more important than ever. In 2019, 70% of all unpaid tolls were resolved at the DMV or collection agency stage (Figure 5). An analysis revealed that 1.2 million cases were referred to the DMV or to a collection agency, with each violation accruing at least $70 in fines and fees for a $6 toll. That amounts to tens of millions of dollars in fines and fees being imposed by MTC. During the same period, 22% of all cases were paid at the first violation notification, when a $25 fine is attached, and just 8% paid at the second violation notice, when an additional $45 fee raises the amount owed to $76. This indicates 509 BRIDGING THE GAP 15 that the second violation notice, which comes with an additional $45 fee, had almost no impact on drivers paying. By contrast, in March to December 2020, when MTC temporarily suspended issuing fines and fees, just 43% of all violations reached the DMV or collections stage (Figure 5). This is a 27 percentage point decline from 2019. In 2020, 29% of all unpaid tolls were paid at the first violation notice, and 14% paid at the second violation notice. Both of these are significant increases in the share of tolls paid at the notification stage. These increases, coupled with the dramatic decline in unpaid tolls reaching the DMV or collection stage, is indicative of the discouraging effect that large fines and fees have on payment. In January 2021, the first month of MTC reinstating its fines and fees policy, 55% of all violations reached the DMV or a collection agency stage of the process (Figure 5). This 12 percentage point increase in the share of people reaching the final stage of the violation process is again indicative of the discouraging effect fines and fees have on payment. In the same period, payment at first violation notice fell 8 percentage points, and payment at the second violation notification, when fines and fees hit their highest amount, declined by half. The combination of an inability to pay expensive fines and fees and an outdated notification system is the likely cause of the high rate of unpaid tolls reaching the final, and most punitive, stage of the violation process. For many drivers, a DMV hold or call from a collection agency may be the first time they learn of their debts. Toll debts appear on DMV bills as a line item on their registration renewal, something people must pay in order to legally drive their car. Collection agencies employ more effective communication techniques than physical mail. They have access to databases with phone numbers and other contact information that helps them reach people with debts. The large share of people paying their tolls at this final stage, even when fines and fees were not being used, is indicative of a system that does not effectively reach people until they interact with a third party. This is particularly concerning because all-electronic tolling has been made permanent. With the removal of cash payments, people who previously paid by cash now have to rely on mailed notices for payment. If an address is out of date, a letter is lost or any number of other problems arise, they can find themselves in violation of the tolls. When the Golden Gate Bridge implemented all-electronic tolling in 2013, a quarter of a million people were hit with penalties in that first year, representing a fivefold increase from before all-electronic tolling.10 No waivers are granted for the penalties, resulting in significant fines and fees for drivers.11 Drivers interviewed for this study reported not knowing they had accumulated these debts, never receiving mailed notifications and being shocked to find they owed large sums of money. The recent switch to all-electronic tolling by MTC is showing signs of having a similar effect as what happened after the Golden Gate Bridge implemented all-electronic tolling: the latest figures show that the share of violations among all transactions has doubled from 7% in March through December 2020 to 14% in January 2021. 10 Renee Koury, “FasTrak Wants to Keep Secret from the Public About How It Handles Tolls and Penalties,” ABC7 News, December 16, 2019, https://abc7news.com/fastrack-bay- area-fastrak-toll-fast/5760741/ 11 Gutride Safier LLP, “Bay Area Tolls: Sued Over Outrageous Untimely Toll-Related Fines,” August 22, 2014, http://www.gutridesafier.com/press-room/BAY%20AREA%20TOLL:%20 Sued%20Over%20Outrageous%20Untimely%20Toll-Related%20Fines/62/ 510 BRIDGING THE GAP 16 FIGURE 5 Eliminating fines and fees increased toll payments at the first and second notice. Analysis of unpaid toll repayment at points of contact in 2019, March–December 2020 and January 2021 Source: Authors’ analysis of MTC toll violation notice data. 55% 43% 70% 7%14% 21% 29% 1st Notice 2019 March-December 2010 January 2021 2nd Notice DMV/Collections 22% 0% 10% 20% 30% 40% 50% 60% 70% 80% 8% 511 BRIDGING THE GAP 17 How Fines and Fees Are Harming People To better understand the direct and personal impact of the trends discussed so far, our team conducted interviews with attorneys and advocates who have worked with low-income drivers put in financial harm by the fines and fees incurred by their unpaid tolls. The attorneys we spoke with were from Bay Area Legal Aid, the East Bay Community Law Center, and the Lawyers’ Committee for Civil Rights of the San Francisco Bay Area; our other contacts included those at the University of California, Berkeley, School of Law’s Policy Advocacy Clinic.12 Our conversations led to the discovery of a number of key pressure points that inhibit some violators from paying their tolls and subsequent fines, each of which, if remedied, could lead to a reduction in toll noncompliance. While our discussion of potential solutions will come later in this report, we start by laying out four key factors in involuntary noncompliance: mailing address errors, accessibility barriers, high fines and fees, and a lack of payment plan options. Inadequate Notification System The current notification system is not sufficient for notifying people of their toll debts prior to accruing violations. The notification system relies entirely on physical mailing, with addresses generated from FasTrak accounts and collaborations with the DMV. If people do not receive the letters, they are exposed to significant fines and fees. The switch to all-electronic tolling dramatically increases the risk of people accumulating fines and fees because of an out-of-date notification system. The current notifications system can cause significant financial harm to people. In situations where a person moves and does not update the address on their FasTrak payment account, or when they lose their housing and no longer have a permanent address, they can miss all notifications. With a mail-only alert system, one small obstacle in the delivery of a notification can cause outsized financial harm by beginning the violation process. If multiple mailed notifications are not received, people can accrue $70 debts for every toll crossing. For many lower-income people, these debts can be devastating, and they come entirely from a notification system that is not up to the task. For people who miss notifications and accrue violation debts, often the first indication that they have unpaid tolls is the hold placed on their vehicle registration when they attempt to renew that registration with the DMV. At this point, the drivers could have easily crossed bridges for months. In addition, after MTC has requested a registration hold by the DMV, it becomes increasingly difficult for MTC to resolve any potential issues or waive any fines and fees due to legitimate errors such as incorrect addresses. 12 See Appendix A for a list of our contacts; see Appendix B for our guide to these interviews. 512 BRIDGING THE GAP 18 During interviews, some people reported that they did not receive any notices until their vehicle’s registration was placed on hold, even when FasTrak already had their most up-to-date address. People who do not receive their toll notices frequently accrue multiple toll violations without realizing that they are not paying their tolls, sometimes resulting in thousands of dollars of debt. A notification system that relies entirely on mailed notices is inadequate, particularly when paired with costly fines and fees. Institutional and Accessibility Barriers A set of barriers hindering drivers’ ability to effectively communicate with FasTrak and toll authorities to address their violations makes navigating the toll violation process impossible for many people. Based on our conversations with attorneys, we find these barriers generally fall into two categories: accessibility barriers and institutional barriers. Addressing these barriers is essential to building an equitable system. A historic overreliance on technologies that many drivers do not have, particularly lower- income drivers without access to computers or smartphones, has created a barrier to information. People without either reliable internet access at home or a smartphone have difficulty obtaining more information on tolling, FasTrak accounts, and finding the proper contact information to try to address or contest their violation notices. People who are only able to fund their FasTrak account with cash or who do not have a FasTrak account face difficulties in discovering what locations they can visit or mail their payments to, whether trying to create a positive account balance or pay off unpaid tolls and fines. Although technological barriers do not seem to frequently arise, they represent a serious complication for any driver who does not have reliable internet access or a smartphone. If a person manages to find the appropriate customer service number to call regarding a toll or violation notice, they still face significant hurdles to resolving their issues. In April 2021, following the full implementation of electronic tolling, there were more than 700,000 calls placed to the FasTrak customer service center in one month.13 This was more calls than in any other month in the two years prior. The average wait time for calls has also increased dramatically, going from under a minute in 2019 to more than 20 minutes in 2021. Interviews revealed that waits can sometimes be over an hour, that some had difficulty navigating the FasTrak phone trees, and that others did not have time to wait an unpredictable amount of time for a representative to answer the call. Drivers reported feeling discouraged after repeated attempts to reach a representative failed. A sometimes counterintuitive institutional system can also leave people with violations confused as to which entity to contact to pay their toll and how to go about paying it. Many report they are under the assumption that they would immediately go to court to dispute or pay a fine, believing that a toll violation would be treated like other traffic violations. By the time they realized that FasTrak is the entity they must work with to comply with their toll notice, and that it is not merely the team operating the toll gates themselves, people had incurred additional fines and 13 Bay Area Toll Authority, “FasTrak Customer Service Center State of Operations,” June 9, 2021, https://mtc.legistar.com/LegislationDetail.aspx?ID=4974207&GUID=7D289935- F0A5-46C2-A91B-0B31188FE66E 513 BRIDGING THE GAP 19 penalties and the debt had been referred to the DMV, at which point FasTrak customer service reportedly had limited ability to intervene or even track payment. People who incur a DMV-registration hold or are sent to a collection agency face the added difficulty of navigating various agencies with different requirements. Those whose vehicles are placed under DMV holds can often have their tolls bundled into their registration renewal fee — a step that can leave low-income drivers in a position of figuring out how to pay bills suddenly many times larger than what was anticipated. People who have toll violations sent to collection agencies often face long delays and challenges in confirming which entity to communicate with to settle their balance. A systematic distrust of private collection agencies, our interviewees informed us, leads many low-income commuters to avoid notices and calls from collection agencies. In the cases where people are aware that these agencies are pursuing them for unpaid tolls, some drivers will try to contact FasTrak to come to an agreement, but they are often directed back to the collection agency. CASE STUDY 1 A Navigation Nightmare A client of one of our interviewees was shocked when she discovered that someone had attached a wheel clamp to her car. All of a sudden, she had lost access to her vehicle and had a mere 48 hours to produce close to $1,000 in order to get her property back before the fees doubled. A single mother and a clinical research coordinator who commuted from Daly City to San Francisco every day, she had done her due diligence one month prior to renew her car registration and pay off parking tickets, registration fees and FasTrak violations at the DMV kiosk — or so she thought. It turned out that even though she received the registration tag for her license plate from the DMV, her registration renewal was not officially finalized due to interagency processing delays from the fees she had just paid off and a few additional unpaid fees that she was unaware of. The DMV would not refund the amount she had paid for her car registration until she worked individually with each agency to clear her accounts with FasTrak and the parking agencies in Daly City and San Francisco. Put in an impossible bind, she sought legal assistance and was able to settle the case and pay reduced fees. This case demonstrates that even a capable, working professional can have great difficulty navigating a complex, multiagency public-private system. 514 BRIDGING THE GAP 20 Fine Levels Disproportionately large fines and fees are having an outsized impact on lower-income drivers, generating costs that can reach thousands of dollars. Fines are assessed for each individual violation, creating a situation where people who have a deficient FasTrak balance or transponder can miss multiple toll payments. For example, if a commuter drives into San Francisco for work 10 times, a total cost of $60 in tolls, but misses the mailed notifications for toll payment due to an address change, they would face a total bill of $760 if they did not pay until after a second notice had been mailed out. Interviews indicated that some people accrued thousands of dollars’ worth of toll-related fines and fees, only learning about these fines and fees long after the initial unpaid toll when they attempted to renew their vehicle’s registration or were contacted by a collection agency. An analysis by MTC showed that in the month of January 2021 alone there were more than 17,000 people who accrued 10 or more violations. More than 40,000 people accrued between two and 10 violations in that same month.14 Each month there is the potential for tens of thousands of people to be exposed to hundreds, if not thousands, of dollars in fines. For lower-income drivers, these amounts prove to be far beyond any savings available.15 Faced with this impossible burden, many of these low-income drivers cannot comply with notices to pay and end up encumbered with a never-ending registration hold on their vehicle, risking future traffic tickets, encounters with police and potentially greater penalties. While MTC recently voted to reduce the total fines and fees for each unpaid toll, the amount remains too high for many lower-income people to easily pay. Lack of Payment Plan Options Once drivers are able to access and understand their toll violation, fines and fees, and the balance they owe from those violations, a major obstacle still stands in the way of their compliance: paying these large sums. Currently, there is no formal payment plan option for people who are struggling to pay costly fines and fees, nor are there fine reduction policies for low-income people. While we have heard anecdotal evidence that some low-income drivers have been able to negotiate a payment plan system with friendly FasTrak personnel who contact them, the attorney we spoke with at the East Bay Community Law Center confirmed that this was by far the exception rather than the rule in their experiences with low-income drivers. Interviews with MTC staff indicate that MTC does not have an official payment plan program. As mentioned before, many low-income drivers do not have the savings to be able to pay off the large fine amounts that accrue after a set of violations, so the lack of payment plan options in effect prevents them from complying with the toll notices even when the driver would otherwise seek to rectify their balances. This absence of payment plan options confuses both drivers and the attorneys we spoke to, particularly because the California Vehicle Code requires courts, upon request, to provide payment plans for traffic violations and any associated fees.16 14 Bay Area Toll Authority, January 2021, tolling analysis. 15 While savings amounts and rates vary per household, the Federal Reserve estimates that in 2019 the median savings for the lowest earning quintile was $810, while the second quintile had median savings of $2,050. Board of Governors of the Federal Reserve System, “Survey of Consumer Finances (SFC),” U.S. Federal Reserve, https://www. federalreserve.gov/econres/scf/dataviz/scf/table/#series:Transaction_Accounts;demographic:inccat;population:all;units:median Accessed: October 18, 2021. 16 California Vehicle Code, Section 42003(c), https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=VEH&sectionNum=42003. 515 BRIDGING THE GAP 21 CASE STUDY 2 Fines Can Perpetuate the Cycle of Poverty One of our interviewees is an attorney serving a client whose MTC debt has ballooned to more than $5,000 due to the fines and fees added to unpaid tolls previously accrued. Despite showing that the client earns no income other than Supplemental Security Income, our interviewee has so far been unable to secure a reasonable fine reduction for the client. To put this into perspective, the maximum amount of Supplemental Security Income that an individual in California is eligible for is $955 a month.17 This is not enough to cover basic living expenses in California, let alone provide someone with the chance to save money for unexpected emergencies. Low-income people commonly spend all of their monthly income on basic living expenses such as food and shelter, and many don’t have enough money to cover these critical expenses. This can leave low-income people in a tough position of forgoing payments for essential services and care, including utility payments and life-saving medications. Given this reality for so many people, a $5,000 debt for unpaid tolls can be simply impossible to pay off. Unfortunately, FasTrak continues to demand the debt be paid in full and is not providing any recourse to a payment plan. Without the option of a payment plan, the client will continue to be in debt, given that they will likely never have the resources to pay off the toll debt. This toll debt will further entrench the client in poverty over their lifetime, impacting their ability to secure employment, apply for housing and receive loans. 17 Supplemental Security Income (SSI) in California, https://www.ssa.gov/pubs/EN-05-11125.pdf 516 BRIDGING THE GAP 22 Literature Review and Best Practices Analysis We conducted a literature review to understand the full scope of potential solutions that could eliminate the harms low-income drivers are experiencing from the current tolling system. As part of this process, we researched how other tolling authorities in the United States have implemented cashless tolling. We then looked outside of the tolling industry to see how comparable sectors provide assistance to low-income individuals. The existing programs to support low-income individuals with their traffic fines and fees, utility payments and transportation costs are notable and serve as a valuable model for bridge tolls, fines and fees. Cashless Tolling The COVID-19 pandemic has accelerated the adoption of cashless tolling across many states. In addition to reducing the risks of virus transmission, such a system is desirable for many reasons, including reducing congestion and lowering the number of crashes. Prior to the pandemic, tolling authorities were already seeing the benefits of a cashless tolling system and had rolled out notification systems and payment options to improve compliance and increase tolling transparency. These measures are critical for facilitating and promoting toll payments, because the switch to an automated system runs the risk of increasing toll nonpayment, especially among drivers who used to pay in cash. This section focuses on programs that tolling authorities in New York, New Jersey and Illinois have implemented to aid the switch to cashless tolling, from pre-pandemic times to 2021. In New York, when the Verrazzano-Narrows Bridge, which connects Staten Island with the rest of New York City, and other locations adopted cashless tolling in 2017, drivers had the option to sign up to receive mobile alerts and stay on top of their account balances and tolling transactions. They could also elect to receive other kinds of updates and alerts, including: failed payments, successful replenishments, increased replenishment amounts and payment method expirations.18 In 2020, New York’s E-ZPass released a phone app called TollsNY, where drivers can log on to manage their accounts.19 Within the app, users — including those who do not use E-ZPass — can pay their Tolls by Mail invoices. Drivers who do not have access to a smartphone have the option to go online, search for their license plate, and pay for their tolls that way. In May 2021, the New Jersey state legislature passed S1654, requiring tolls operators to provide drivers with the ability to opt in to an email, text or app notification system, where they can be notified within a day of being tolled.20,21 Lawmakers saw this as necessary, not only because drivers 18 Diane C. Lore, “Officials: E-ZPass Needs to Find New Way to Alert Drivers of Low Balance,” Staten Island Advance, August 29, 2017, https://www.silive.com/news/2017/08/e- zpass_where_did_the_notifica.html 19 Sarah Taddeo and Jon Campbell, “Thruway Cashless Tolling Gegins Saturday: Here’s What You Need to Know to Avoid Late Fees,” Democrat & Chronicle, November 12, 2020 https://www.democratandchronicle.com/story/news/2020/11/12/cashless-tolling-new-york-thruway-e-z-pass-what-you-need-know/6249219002/ 20 John Reitmeyer, “NJ E-ZPass Tolls: How About a 24-Hour Electronic Reminder of Charges?,” NJ Spotlight News, February 3, 2021, https://www.njspotlight.com/2021/02/nj-e- zpass-tolls-push-email-text-electronic-notification-within-24-hours/ 21 New Jersey Office of Legislative Services, Bills 2020–2021, https://www.njleg.state.nj.us/bills/BillView.asp?BillNumber=S1654 517 BRIDGING THE GAP 23 have a right to be better informed but also to ensure that any mistakes or incorrect charges can be detected sooner. Illinois switched over to complete cashless tolling in 2021. To aid the transition, Illinois Tollway is expanding the I-PASS Assist program, which is designed to lower the costs of obtaining and using an I-PASS transponder for income-eligible drivers. In order to qualify for the program, one’s household income has to fall below 250% of the Federal Poverty Level. Instead of the original $30 ($10 transponder deposit + $20 prepaid tolls), program enrollees put down only $4 ($0 deposit + $4 prepaid tolls) to enjoy the 50% tolls discount that comes with using a transponder. To lower the barriers even further, the automatic account replenishment amount is lowered from $10 to $4.22 Traffic Fines and Fees Besides expanding the I-PASS Assist program, Illinois Tollway also revised their process for resolving unpaid tolls and implemented a “Violation Relief” program. According to the revised schedule, which the authority adopted in June 2020, following a 14-day grace period, all vehicle owners pay an “initial invoicing fee” that corresponds to their vehicle class, starting at $3 for passenger vehicles (representing an 85% reduction in initial costs). In addition, the original $20 violation fine is deferred by several months, as drivers only commit a “violation” if a notice remains unpaid after 90 days.23 On the other hand, the “Violation Relief” program gives drivers the chance to settle their past unpaid toll violations at a significantly discounted rate. For a period of 18 months, from March 2020 to August 2021, all toll violation fines in existing notices dated before March 9, 2020, were reduced to $3, including ones that had been sent for collection.24 Traffic fines and fees are a valuable comparison for bridge tolls, as both are related to behaviors while driving. Low-income people who receive traffic citations in the Bay Area are eligible for payment plans, reduced citation amounts and other relief. This provides people with a range of opportunities if they are not able to afford the violations. In San Francisco, for example, if you are unable to pay your traffic ticket or fine, you have the right to ask the court to consider your financial circumstances, which can result in your fines and fees being reduced by 80% or more.25 Individuals who are unable to pay their tickets can access a website where they can request, and be approved for, a reduction in fines and fees and a payment plan without ever having to go before a judge.26 Similar programs exist for transit and parking citations in San Francisco, where people who have incomes at or below 200% of the Federal Poverty Level are eligible for fine reduction, fee waivers and payment plans for their parking and transit citations.27 22 Illinois Tollway, “Illinois Tollway Significantly Expands I-Pass Assist Program,” June 23, 2021, https://www.illinoistollway.com/documents/20184/e4553899-93d9-e712-4723- 4aafca37578e 23 Illinois Tollway, “Tolling 2020,” https://www.illinoistollway.com/tolling2020 24 Illinois Tollway, “Tolling 2020,” https://www.illinoistollway.com/tolling2020 25 Superior Court of California, “Can’t Afford to Pay,” https://www.sfsuperiorcourt.org/divisions/traffic/cant-afford-pay 26 “Mayor London Breed, The Financial Justice Project, and the SF Superior Court Announce the Launch of MyCitations—A New Online Tool for People Struggling with Traffic Court Debt,” December 15, 2020, https://sfgov.org/financialjustice/newsletters/launch-sf-mycitations-people-struggling-traffic-court-debt 27 San Francisco Financial Justice Project, “Can’t Afford to Pay Your Fine, Fee, or Ticket in San Francisco?”, https://sfgov.org/financialjustice/find-discounts 518 BRIDGING THE GAP 24 Means-Based Utility Payments To combat the effects of energy poverty and energy insecurity, many utility companies provide rate discounts for low-income and disadvantaged households. Like transportation, energy needs often constitute non-negotiable costs and take up a larger proportion of income for low-income households. We highlight the following means-based utility programs to illustrate best practices for increasing equitable access to essential services. These utility programs are often more developed and have been evaluated for their equity outcomes, while such data for means-based tolling remains unavailable. In general, utilities that provide means-based programs enable more low-income households to be paying customers, something that could also happen for tolling agencies. As long as utilities or tolling agencies charge more than it costs to provide the service, the increased revenue from low-income customers who can afford to pay the reduced rates can help pay off fixed infrastructure costs, lowering systemwide costs for all ratepayers.28 The federally funded Low Income Household Energy Assistance Program (LIHEAP) provides financial assistance to households that fall below 150% of the poverty line or 60% of the state’s median income, whichever is higher. Households that receive benefits such as food stamps or Temporary Assistance for Needy Families benefits are also eligible.29 Households participating in LIHEAP have been shown to have significantly lower levels of energy insecurity when controlling for factors such as race, number of household members and household income.30 In addition to federal programs, state programs have also prioritized the energy needs of low-income households. In California, the California Public Utilities Commission mandates Pacific Gas & Electric to provide discounts for low-income households through the California Alternate Rates for Energy Program (CARE) and Family Electric Rate Assistance Program (FERA). CARE provides a discount of 20% or more on gas and electricity, while FERA provides a discount of 18% on electricity for households with three or more people. These two programs provide substantial savings, and together have helped 1.4 million low-income customers keep their lights on.31 Clipper START Reduced Fare Pilot Program Clipper START is a currently operating pilot program that provides single-ride transportation discounts to eligible riders in the Bay Area.32 The discounts are either 50% or 20%, depending on which transit system the rider is using. The pilot program covers most of the major Bay Area transit systems, including Muni, Caltrain and BART. To qualify for the pilot program, you must be a resident of the San Francisco Bay Area, be between 19 and 64 years old, not have an RTC Clipper Card for those with disabilities, and have a household income of 200% of the Federal Poverty Level or less. Several transit operators, like San Francisco Municipal Transit Agency (SFMTA), also have their 28 K.W. Costello, “Features of Good Utility-Initiated Energy Assistance,” Energy Policy, 2020. 29 Libby Perl, “LIHEAP: Program and Funding,” Congressional Research Service, June 22, 2018, https://fas.org/sgp/crs/misc/RL31865.pdf 30 Bradford Mills and Anthony Murray, “The Impact of Low-Income Home Energy Assistance Program Participation on Household Energy Insecurity,” Contemporary Economic Policy, 2014. 31 “Apply for a Monthly Discount Through CARE or FERA,” https://www.pge.com/en_US/residential/save-energy-money/help-paying-your-bill/longer-term-assistance/care/care. page?WT.mc_id=Vanity_carefera 32 MTC, “FAQ,” https://www.clipperstartcard.com/s/faqs 519 BRIDGING THE GAP 25 own means-based fare programs. SFMTA offers a monthly Lifeline Pass for $40, a 50% discount off the standard adult monthly pass price, for individuals with a gross annual income of 200% of the Federal Poverty Level or less. Being mobile is essential for individuals to participate in society, and it can affect a person’s ability to secure education, employment and medical services. Reduced fare programs help increase mobility while decreasing the burden of transportation expenses for low-income individuals. FasTrak START Means-Based Express Lanes Pilot Program Building on Clipper START, the Bay Area Infrastructure Financing Authority (BAIFA) is currently developing a means-based toll discount pilot for the Interstate 880 express lane.33 While the pilot program’s details are still in development, BAIFA aims to co-create the pilot with community-based organizations, service groups and low-income individuals. Planning, program design and community engagement will continue to be conducted throughout 2021, with plans to begin operations in 2022.34 More broadly, BAIFA staff aim to create a program that, along with Clipper START, paves the way for an “integrated regional mobility account” that streamlines the use of transportation services across multiple agencies and types of transit.35 This could create a model for expanding means-based tolling to all express lanes, as well as to bridge tolls. 33 SPUR is a member of the task force advising the design and implementation of this pilot program. 34 Bay Area Infrastructure Financing Authority, “FasTrak START Pilot: Customer Engagement Plan,” March 24, 2021, https://mtc.legistar.com/View. ashx?M=F&ID=9244133&GUID=F88A59F0-4F0A-4425-B705-6FE40F2279C0 (pdf download) 35 Bay Area Infrastructure Financing Authority, “BAIFA Express Lanes Means-Based Toll Discount Pilot,” December 16, 2020, https://mtc.legistar.com/View.ashx?M=F&ID=9009344& GUID=BB7E302A-5EAD-4ED0-92E3-5F6CB242EAE0 (pdf download) 520 BRIDGING THE GAP 26 Recommendations MTC has committed to reforming its current system for toll violations. The system, as it stands, is too punitive and harmful for lower-income drivers and too difficult to navigate, and violations quickly become extremely expensive. The following recommendations include actions that MTC can take immediately, as well as some longer-term actions that will take time to implement. MTC should build on the successes of its response to the pandemic and seek to build the kind of short-term solutions that can give the commission the space and time it needs to fully evaluate the region’s tolling systems. Recommendation 1 End high-pain, low-gain fines and fees, and cap total fines per driver per year. MTC should end the use of high fines and fees to promote toll payment. The system’s fines and fees disproportionately harm lower-income drivers and are set at maximum amounts that are greater than 12 times larger than the original toll amounts. MTC began this process in October of 2021 by reducing the total possible fines and fees from $70 to $15. MTC should seek to go further by ending the use of fees and reducing fines. MTC should immediately reduce all fines to no more than half of the original toll (currently $3 for cars, based on a $6 toll), similar to what was done in Illinois. This would reduce the outsized impact of fines and fees, while also allowing the agency to recoup some of the cost of pursuing debts. We also recommend that MTC end the use of all fees. The $45 fee is extremely expensive, and the data clearly shows that it has barely any impact on payment (only 8% of violations are paid after the late fee is levied and before a DMV hold or referral to a collection agency). MTC should also set the maximum annual amount of fines and fees that can be accrued per driver per year at $100 or less. This is a particularly important policy change while the agency grapples with a system that is not up to the task of effectively notifying and adjudicating toll violation cases, as tens of thousands of people accrue toll violations every month. In addition, MTC should immediately stop fining low-income drivers who miss a toll payment. MTC should implement a system by which people who are eligible have all of their existing fines waived. For the sake of a faster rollout of such a waiver, and also to reach the people who will benefit the most from this program, we recommend that MTC automatically consider all drivers who can produce a proof of enrollment in a public benefit program (such as CalFresh, Medi-Cal or Section 8 Housing) or MTC program (namely, Clipper START and FasTrak START) to be eligible. In addition to enrolling those who are already receiving public benefits, eligibility should be set at 200% or below of the Federal Poverty Level. Setting eligibility at this level is consistent with other transportation programs in the Bay Area, such as SFMTA and Clipper START. 521 BRIDGING THE GAP 27 FIGURE 6 Income-based tolling could reduce the burden on low-income households. 200% of Federal Poverty Level by household size, as currently used by MTC for reduced fare programs. Source: San Francisco Municipal Transportation Agency, 2021, https:// www.sfmta.com/how-access-low-income-transit-fares-and-fee-waivers INCOME DEFINITION 1 PERSON HOUSEHOLD 2 PERSON HOUSEHOLD 3 PERSON HOUSEHOLD 4 PERSON HOUSEHOLD 5 PERSON HOUSEHOLD 6 PERSON HOUSEHOLD 200% of Federal Poverty Level $25,520 $34,480 $43,440 $52,400 $61,360 $70,320 We recommend that MTC err on the side of generosity regarding the required documents considered appropriate in this verification process. A driver’s self-provided pay stubs or tax forms (Internal Revenue Service Forms W-2, 1099, etc.) or a letter certified under penalty of perjury from the driver attesting to a lack or low-level of income should all be considered among acceptable proofs of eligibility for this fine-and-fee waiver. This is commonly used in legal proceedings related to traffic citations. Recommendation 2 End the use of collection agencies. MTC should end the use of collection agencies. MTC’s current use of collection agencies for collecting unpaid toll violations adds unnecessary complexity to the process and can have undesired negative effects on low-income drivers. Ending the use of collection agencies would, in conjunction with other changes, allow the agency to build out a more equitable system that could achieve the same, or better, outcomes with fewer harms while also maintaining greater control over how they choose to handle a violation. In many instances, interacting with a collection agency is the first time that a person learns of toll violations. This can create significant confusion for drivers and puts them in a position where they are unsure whom to contact and how to resolve their outstanding debts. Ending the use of collection agencies would reduce the number of involved parties drivers need to work with to resolve their violations. In addition, ending the use of collection agencies would give MTC more control over how to handle toll violations. In instances where violations were incorrectly administered, or people have income much too low to pay the full amount, MTC would be able to step in and make the decisions necessary to resolve the issue. Under the current system, they are unable to do so. Currently, MTC’s collection agency can take a broad range of legal actions to harm low-income drivers, including garnishing tax refunds that would otherwise provide essential infusions of cash. The collection agency can also bring people to court in an attempt to collect the balances they acquired from MTC — further damaging their ability to access housing, financial services and jobs. 522 BRIDGING THE GAP 28 Collection agencies also provide little financial return. In fiscal year 2019, MTC gained only about $1 million from violation accounts sent to collection agencies. Replacing these agencies with more effective programs would likely increase revenue collection while ending the harms perpetuated by traditional collection practices. MTC can implement payment programs and processes that are responsive to the financial realities of low-income and working people. Such programs should provide multiple payment options (cash, online, in-person, the use of specific apps and others), flexible payment plans, payment amounts that meet people where they are and improved communication practices, such as phone calls and text messages. Recommendation 3 Implement payment plans. The large amount of money many low-income people owe from unpaid tolls can make these bills effectively unpayable. Many people lack the savings necessary to pay unexpected expenses. Research from the Federal Reserve has shown that at least 35% of people are unable to pay an unexpected charge of $400.36 The system currently does not allow for payment plans, where individuals can gradually pay down any debts accumulated without being subject to further penalties. This puts many people in the position where they have accrued a debt they cannot hope to pay, as they are unable to save the money necessary to pay the entire amount owed. To address this, we recommend creating a monthly payment plan system, free of charge, for all drivers. Commuters should be able to enroll in a payment plan at any point after their unpaid toll, as notification systems can have long delays between when the toll went unpaid and when the driver became aware of the violation. A simple-to-enroll payment plan would help ensure the accessibility of the program by removing administrative barriers and would likely only be used by people who have accrued large debts they cannot afford to pay in one step. The payment plan system should also prioritize improved notification and flexibility. Notification models that rely solely on physical mail or phone calls are not nearly as effective as they once were. The new payment plan system should rely on a hybrid notification model, utilizing the technology available. A system of text, email, phone call and physical mail would promote compliance in a way that will better reach plan participants. The payment plan should also be designed in collaboration with the person paying the debt and prioritize flexibility. For example, a payment plan that requires payment on the first of the month could end up being ignored as a person struggles to pay other bills, such as rent. A payment plan, designed with the participant, that requests payment in the middle of the month when a person expects to get paid with fewer immediate expenses, would likely promote better compliance. Additionally, allowing people to raise or lower their payment amounts based on their current expenses would ensure that people are likely to continue making their monthly payments while also being responsive to their other financial needs. A rigid plan that does not allow for changing 36 Board of Governors of the Federal Reserve System, “Report on the Economic Well-Being of U.S. Households in 2020 — May 2021,” May 2021, https://www.federalreserve.gov/ publications/2021-economic-well-being-of-us-households-in-2020-executive-summary.htm 523 BRIDGING THE GAP 29 the amount can promote noncompliance and withdrawal from the payment plan when people are unable to make that specific dollar payment. In order for this payment plan to truly promote equity, there should be no fees associated with participation or enrollment. In the same vein, no interest charge should be added onto the total owed amount. People who will benefit most from such payment plan options are more likely to be economically disadvantaged; adding extra costs to a large sum that enrollees are already having difficulty paying runs counter to the goal of promoting equity and compliance. Recommendation 4 Improve notification system. Attorneys in our interviews pointed out that the current notification system for toll payments and violations poses a significant barrier for compliance. Even when violators are able and willing to pay, they may not be fully aware of their fee obligations due to missed notices. Homeless or housing- insecure people are faced not only with tolls, fines and fees that place a high financial burden on them, but they are also more likely to be subjected to these compounding fees that result from missing notices being sent to addresses that do not reflect their transient and unstable living conditions. Low-income households move more frequently than higher income households and are more at risk of being harmed by the flaws in the current notification system.37 As such, we recommend that FasTrak change the default notification system to include text messages, emails and physical mail. This approach would modernize the notification system and address the challenges of relying exclusively on getting physical notices to the right addresses. FasTrak would acquire drivers’ phone numbers, email addresses and physical addresses when they sign up for FasTrak accounts or through other sources (continuing DMV registration files, as currently practiced, or developing contacts with other government agencies like Medi-Cal or CalFresh offices, as well as through private data vendors). MTC should develop a mobile app for toll payment and notifications. This would provide users with yet another option and allow them to choose their own payment and notification method, depending on their unique preferences. An app would be less accessible to those without smartphones, however, and should not be considered an alternative to text notifications. The updated notification system would have the following features: > Users would be able to opt out of receiving text, email or mail notifications, depending on their preferences. > Drivers would be notified of any bridge crossing within 24 hours from it being posted to their account, via text message, email, app notification and physical mail. > Drivers would then be allowed 30 days to pay after they receive the notification, in order to increase payment flexibility. > The text and email interfaces would allow users to receive notifications, with an option to 37 Robin Phinney, “Exploring Residential Mobility Among Low-Income Families,” Social Service Review 87, no. 4, 2013, pages 780–815, doi:10.1086/673963, https://www.jstor.org/ stable/10.1086/673963#:~:text=Although%20mobility%20is%20common%20across,%3B%20Nichols%20and%20Gault%202003) (accessed on August 5, 2021). 524 BRIDGING THE GAP 30 change the language of communication. We want to highlight the need for MTC to do more to contact and notify people of their unpaid tolls, because currently it appears that MTC often relies on DMV holds (a measure that can have profound consequences) as a substitute for not being able to contact drivers through the mailing addresses on file. Recommendation 5 Stop putting car registrations on hold, particularly for low-income drivers. Car registration holds are a powerful tool for recouping lost toll revenue, but holds have harsh negative consequences for people who incur fines and fees but are unable to pay them. MTC should stop putting car registrations on hold until the notification system has been updated, fines and fees have been reduced or eliminated, payment plans have been put in place, and the toll violation adjudication system is changed. MTC should also not put car registrations on hold for lower-income drivers. Registration holds should no longer be used as a substitute for a notification system that fails to adequately contact or notify drivers with toll violations. With no formal system for establishing payment plans or cost reductions for low-income people, registration holds ask people to perform the impossible task of paying for things they do not have the money to pay for. This impossible situation can force low-income drivers to choose between breaking the law or forgoing necessary parts of their lives, often forcing them to drive unregistered vehicles to do things like commute to work, bring their children to school and go to the grocery store. Driving an unregistered vehicle puts these individuals at risk of acquiring additional tickets, furthering the risk of accruing large financial penalties they cannot afford to pay. For homeless drivers who live in their cars, this registration hold also puts their only refuge from the elements at risk of being towed and impounded. Registration holds put drivers in the position where they feel as though they have no ability to appeal the toll violations and the accompanying fines and fees, as well as no ability to request a reduction so that they can afford them. Finally, stopping car registration holds would remove the DMV from the list of agencies drivers need to work with to resolve their violations. This would give MTC more freedom to manage violations, putting them in the driver seat on decisions such as payment plans and fine reductions or eliminations. This would help streamline the clunky violation process and increase clarity for drivers. Recommendation 6 Offer amnesty on all existing toll violations. The MTC should immediately offer amnesty on all existing toll violation debts. As the agency reviews existing practices and implements new policies and procedures, debts administered under past, flawed systems should be eliminated. A toll violation debt amnesty program will also help people develop new trust for the agency, will help repair past harms and will demonstrate a commitment to 525 BRIDGING THE GAP 31 the policy changes being made. In providing this amnesty immediately, MTC should not require any onerous documentation or program participation and should notify those whose debts have received amnesty by whatever means available. Debts currently in the hands of a collection agency should similarly be forgiven. MTC should work with the DMV to remove all registration holds as part of this process and forgive any outstanding debts currently at this step in the process. Recommendation 7 Collect demographic data on bridge users. MTC should begin collecting and publishing demographic data on the Bay Area’s bridge users in order to understand who uses their bridges and how the systems serve them. MTC should collect data on driver ’s income level, race and ethnicity, gender, age, housing status, occupation, home location, vehicle make, model and value, and preferred spoken language. They should also collect data on travel patterns — including origins and destinations, purposes of trips, number of passengers in the car, and use of other modes. MTC should also collect this data specifically on violators, as well as other data that will allow them to better understand this population. This data would fill a current void that prevents the agency and the public from knowing which populations use the bridges most and which populations accumulate the most toll violations. With access to demographic data, MTC would be better positioned to evaluate the impacts and effectiveness of their violation system. Several of the other recommendations within this report would benefit from having access to this type of data as well. For example, MTC would have access to valuable data on drivers’ income levels before and after eliminating fines and fees and reducing the toll amount for low-income drivers. This would help MTC guarantee that they are effectively reaching the populations most in need of this type of assistance. This demographic data should be collected through a combination of surveys sent out to drivers via text, email and physical mail after they have crossed a bridge, as well as data collected at the point of registration for a FasTrak or other account. Collecting this information on MTC’s most important program would also go a long way to fulfilling its commitment to its Equity Platform Pillar of “Define and Measure,” which is expressed as “We value what we measure, and we measure what we value. Using success metrics advances transparency and accountability, and new data will signal whether or not our policies are succeeding.” Recommendation 8 Discount tolls for low-income drivers. To further aid low-income drivers and stop penalizing them for their commute patterns, we also recommend that MTC explore a means-based discount for low-income drivers similar to Clipper START. Means-based tolls would increase toll payment compliance rates and improve commuter equity in the Bay Area, without reducing the incentives lower-income drivers have to make sustainable travel choices given that lower-income drivers require a smaller financial incentive to change behavior. Drivers should only receive this discount if they create a FasTrak or a License Plate 526 BRIDGING THE GAP 32 Account, or sign up for Clipper START. Because the current Clipper START pilot program is administered by MTC, there are many opportunities to combine our proposed discounted tolls with existing infrastructure. Combining these programs would allow low-income residents in the Bay Area to more easily take advantage of transportation assistance programs that they are eligible for and substantially increase MTC’s reach. As with FasTrak START, the program should be co-created with community-based organizations, service groups and low-income individuals. Given that means-based tolls could have a significant impact on the toll revenues that support bridge maintenance and regional transit — both critical for low-income drivers as well as the Bay Area as a whole — MTC could consider a small toll increase on the most polluting cars or during peak periods to make up for the lost revenue. This surcharge would likely need to be authorized by the state legislature. Recommendation 9 Perform and publish an annual evaluation of toll payment systems. MTC should perform and publish an annual evaluation of their toll payment systems that reflects their commitment to equity, sustainable transportation, and effective and efficient delivery of services. An annual investigation of toll payment systems will give MTC the information it needs to evaluate how the system is performing and determine where there are opportunities for improvement. This kind of reflection will ensure that the system being used accomplishes the goals of the agency and will provide the kind of multiyear perspective necessary for building better systems. This will also allow MTC to fully reflect on the toll systems and begin the process of a longer-term overhaul necessary to build an equitable and effective system. 527 BRIDGING THE GAP 33 Limitations One major limitation of this study is the difficulty in characterizing drivers who accrue toll violations and the corresponding fines and fees. While we are able to make broad associations using violation frequency and median income data, there are limited metrics available for fully understanding violating drivers. Separating out drivers by income, vehicle registration address and repeat violations remains a challenge within the existing data infrastructure. Transactions and violations are accrued to individual license plates and accounts rather than individual drivers. Accounts may be tied to multiple license plates or vice versa. For this reason, we relied primarily on available data and insights from our interviews with attorneys and community advocacy groups. The data limitations discussed here also influenced our ability to estimate potential revenue losses from tolls, fines and fees. Without understanding how many drivers would be eligible for fine and fee waivers as well as means-based tolls, it is difficult to estimate the true revenue implications. MTC could address these knowledge gaps by conducting a survey to better understand the demographics of all types of drivers crossing these bridges. Another limitation is the lack of available analyses on toll levels and drivers’ ability to pay. Since housing, transportation and demographic characteristics vary greatly by region, an analysis of this sort would have to be specific to the Bay Area. To the best of our knowledge, no such study currently exists. Therefore, it is difficult to estimate the effectiveness of means-based tolls on drivers’ ability to pay. To address this knowledge gap, we turned to the wealth of literature on means-based utility billing to find best practices that could be applicable within the context of tolling. However, additional research is required to evaluate the full effects of means-based tolling. 528 BRIDGING THE GAP 34 Conclusion MTC is in the unique position to become a national leader on tolling systems. As the commission commits to centering equity in its work, there is a special opportunity to make the unpaid toll system more collaborative, less punitive and aimed at repairing past wrongs. MTC has shown it understands the harm its unpaid toll system can cause by its decision to reduce fines and fees in October of 2021. MTC should go even further to pursue the most equitable outcomes possible. The changes recommended in this report are the first step in a lengthier process that evaluates and reimagines the tolling system in the Bay Area. Yet these simple steps would have a dramatic impact on the lives of hundreds of thousands of people across the Bay Area. Ultimately, the Metropolitan Transportation Commission’s goal is to provide transportation for the region. Our recommended policy changes are necessary to ensure that all Bay Area residents, regardless of income, can take advantage of and achieve that same level of mobility, sustainability and prosperity that the agency seeks to provide to those living and working in the region. MTC’s implementation of these recommendations would position the agency to become a national leader on equitable tolling practices, potentially causing ripple effects with profound benefits to low- income individuals across the country. 529 BRIDGING THE GAP 35 Appendix A List of Interviewees Bay Area Legal Aid > Rachel Haverkorn > Rachel Hoerger > Ocean Mottley East Bay Community Law Center > Asher Waite-Jones UC Berkeley School of Law Policy Advocacy Center > Stephanie Campos-Bui Lawyers’ Committee for Civil Rights of the San Francisco Bay Area > Tori Larson 530 BRIDGING THE GAP 36 Appendix B Interview Questions Our conversations with the advocates and attorneys listed in Appendix A were lightly structured and changed based on the responses from each interviewee; however, we generally used the following questions to start and guide our conversations: > Tell us about the experiences your clients have with unpaid bridge tolls, fines and fees in the Bay Area. – Where are these individuals commuting from? Where are they commuting to? What industries do they work in? – What are the demographics of your clients? Any noticeable trends? – Have you observed any correlation between increased toll fees and caseload? (The toll went up by $1 in 2019, as it did in 2010.) Is there otherwise a temporal pattern that you have noticed (time of month/year)? > What options (if any) do low-income individuals unable to pay the tolls and subsequent fines and fees have available to them to address their toll debt issue? How does your legal aid organization support these individuals? > Can you tell us about the impacts a suspended car registration from unpaid tolls has had/is having on your clients? > How does a low credit score caused from something like an unpaid toll impact your clients? (Ask them to elaborate on all of the ways this can impact someone, i.e., housing, employment, taking out loans, etc.) – How are these harms amplified by living in the Bay Area? > Given your knowledge on this topic, how do you think MTC should handle bridge tolls, fines and fees? What changes do you think will best meet the needs and address the unique challenges faced by your clients? – Ask about the costs of the tolls and what happens after people receive tolls/fines/fees. > Are you aware of any effective means-based payment systems or other low-income assistance programs that could serve as a model for bridge tolls in the Bay Area? 531 BRIDGING THE GAP 37 Appendix C High-Violation ZIP Codes FIGURE 7 Unpaid tolls are concentrated in San Francisco and Oakland’s lower-income neighborhoods. Violations per capita and estimated poverty level in San Francisco and other Peninsula ZIP codes Source: Authors’ analysis of MTC toll violation data and Census Bureau’s 2019 American Community Survey 5-year estimates, https://www.census.gov/programs-surveys/acs/ news/updates/2020.html ©2021 Mapbox ©OpenStreetMap Violation Rate per Capita 0.00.25 Percent of People Estimated in Poverty 0.501.0 1.5 1.9 532 BRIDGING THE GAP 38 FIGURE 8 In the East Bay, lower-income ZIP codes are more likely to have a higher rate of unpaid tolls. Violations per capita and estimated poverty level in Richmond, Oakland and neighboring ZIP codes Source: Authors’ analysis of MTC toll violation data and Census Bureau’s 2019 American Community Survey 5-year estimates, https://www.census.gov/programs-surveys/acs/ news/updates/2020.html 0.0 0.25 Percent of People Estimated in Poverty ©2021 Mapbox ©OpenStreetMap Violation Rate per Capita 0.501.0 1.5 1.9 533 BRIDGING THE GAP 39 FIGURE 9 A large number of violations are concentrated in North Bay ZIP codes with lower incomes. Violations per capita and estimated poverty level in North Bay ZIP codes with higher rates of unpaid toll violations Source: Authors’ analysis of MTC toll violation data and Census Bureau’s 2019 American Community Survey 5-year estimates, https://www.census.gov/programs-surveys/acs/ news/updates/2020.html ©2021 Mapbox ©OpenStreetMap 0.0 0.25 Percent of People Estimated in Poverty Violation Rate per Capita 0.501.0 1.5 1.9 534 BRIDGING THE GAP 40 San Francisco | San José | Oakland Ideas + action for a better city spur.org Through research, education and advocacy, SPUR works to create an equitable, sustainable and prosperous region. We are a member-supported nonprofit organization. Join us. 535 1 February 7, 2022 The Honorable Toni G. Atkins The Honorable Anthony Rendon Senate President Pro Tempore Speaker California State Assembly California State Senate California State Assembly State Capitol, Room 205 State Capitol, Room 219 Sacramento, CA 95814 Sacramento, CA 95814 The Honorable Nancy Skinner The Honorable Phil Ting Chair, Committee on Budget and Fiscal Review Chair, Committee on Budget California State Senate California State Assembly State Capitol, Room 5094 State Capitol, Room 6026 Sacramento, CA 95814 Sacramento, CA 95814 RE: Using the State Budget Surplus to Fund Transformative Transportation Infrastructure Investments Dear President Pro Tempore Atkins, Speaker Rendon, and Budget Chairs Skinner and Ting: As negotiations on a transportation funding package resume from the last session, and as you prepare your priorities for the Fiscal Year 2022-23 State Budget, we the undersigned transportation agencies from the Southern California region, urge you to maintain your strong support for increased investment in transportation infrastructure and programs and prioritize investments for (1) climate- friendly public transit capital, operations, and maintenance, (2) expansion of Senate Bill (SB) 1 programs to reduce project backlog by providing an infusion of General Fund revenues to these critical programs, (3) for active transportation, zero emission programs, and transit resiliency programs, and (4) projects that support the 2028 Summer Olympic and Paralympic Games. Our regional transportation needs are great, and we urge the State to make a transformative investment of $19 billion in budget surplus funds to modernize the Golden State’s transportation system. Despite the increase in state transportation revenues through the passage of SB 1, state resources comprise only 32 percent of the total amount of transportation revenues in Southern California. This has led the region to rely heavily on local sources of funding—at 60 percent of the total share—to meet our transportation needs. According to the Governor’s January Budget proposal, the State is expecting a $45.7 billion budget surplus in Fiscal Year 2022-23 and the size of the surplus could expand further by the time of the May Revision. This provides a unique opportunity to allocate one- time resources to repair our aging transportation infrastructure while also accelerating progress ATTACHMENT 3 536 2 toward our shared climate, equity, health, mobility, and safety goals. Furthermore, with the passage of the federal Infrastructure Investment and Jobs Act (IIJA), the timing is right for the State to provide funding for transportation projects and programs to help leverage existing local dollars and the increased federal investment. As the State’s long-time partners in building transportation infrastructure projects that deliver co-benefits that advance these shared goals, the transportation agencies in the Southern California region are ready to assist you by bringing a unified transportation advocacy agenda built on these three themes. 1. Prioritize rail and bus transit capital, operations, and maintenance by funding programs to facilitate capital and operational improvements that modernize the Golden State’s intercity and commuter rail systems and aid regional and local rail and bus transit systems in making facility improvements and equipment purchases. Funding can be allocated through a mix of formula and competitive programs. Transit Programs - $10 billion The Southern California Association of Government’s (SCAG) Regional Transportation Plan/Sustainable Communities Strategy (RTP/SCS) incorporates a range of best practices for increasing transportation choices and reducing dependence on personal automobiles, further improving air quality and encouraging growth in walkable, mixed-use communities with ready access to the essentials of life. The plan can reduce greenhouse gases from autos and light- duty trucks by eight percent by 2020 and 19 percent by 2035 (compared to 2005 levels). Achieving these reductions will require a significant investment in making improvements to the region’s transit system. Furthermore, the COVID-19 pandemic and resulting recession has had devastating impacts on essential transit service, which saw steep declines in ridership and revenues, and local tax revenues streams. Some of the region’s transportation agencies currently struggle to sustain transit operations in their communities. Ongoing assistance to aid in their recovery is needed to maintain transit service and capital infrastructure projects that are a pipeline of well-paying construction jobs. Transit serves as both a key component of local, regional, and state efforts to combat climate change and reduce congestion, and as a critical social service. It is a way of providing mobility for individuals who cannot provide it for themselves, especially those who do not have access to automobiles, are low-income, recent immigrants, and the elderly and disabled. Therefore, to help the Southern California region fully fund and build out our vision for transit, we support a $10 billion investment of state resources in state transit programs. 2. Reduce the pressure on SB 1 by providing an infusion of General Fund revenues to these critical programs. Trade Corridor Enhancement Program - $2 billion Solutions for Congested Corridors Program - $1 billion Local Partnerships Program - $1 billion 537 3 After years of advocating for a solution to the State’s transportation crisis, the Legislature passed SB 1 (Beall, 2017), the Road Repair and Accountability Act. This monumental bill increased transportation funding, instituted much-needed reforms, and created several programs that are having a tremendous, positive impact on the lives of Californians. Maintaining the operational efficiency of our transportation system is crucial. The Trade Corridor Enhancement Program provides funding for infrastructure improvements on federally designated Trade Corridors of National and Regional Significance, the Solutions for Congested Corridors Program implements transportation performance improvements while creating opportunities for neighborhood enhancement, and the Local Partnership Program rewards self-help counties that have earned voter approval of taxes and fees dedicated solely for transportation improvements. All three of these programs make strategic investments in our State’s intermodal transportation system, including the Trade Corridor Enhancement Program, whose importance is being felt now more than ever considering the unprecedented levels of congestion at the San Pedro Bay Port Complex. These programs also help facilitate transformational multi-modal improvements to regional connectivity, including through the expansion of the region’s rail system. Investments in these three programs will make Southern California more resilient and competitive in the global marketplace, support and protect our diverse communities, and reward local partners for investing in regional improvement projects. Therefore, we support the following allocations to the existing SB 1 programs, as follows: $2 billion for the Trade Corridor Enhancement Program; $1 billion for the Solutions for Congested Corridors Program; and $1 billion for the Local Partnerships Program. 3. Provide critical funding to support investments in active transportation and climate-related programs. As long-time partners for clean air and climate resilience, we support the following allocations: Active Transportation Program - $1 billion Zero-Emission Transit and Rail Transition - $1 billion Transit Fare Reduction, Customer Service, and Resiliency programs - $500 million Unfortunately, $500 million for the Active Transportation Program (ATP) that was included in the Fiscal Year 2021-22 Budget Act (SB 129) reverted to the General Fund on October 11, 2021. The Southern California region is encouraged that the Governor’s January budget proposes to restore this augmentation because this program enables more Californians to walk and bike to their destinations safely, yielding further climate, equity, and public health co-benefits. During the most recent regional ATP cycle, however, the SCAG region alone received 147 applications, totaling $853 million in requests for just $93 million in available funding. Therefore, we support a $1 billion augmentation to the ATP to begin to address this backlog of planned projects in our region, accounting for the backlog that exists in both the statewide and regional calls. 538 4 In 2018, CARB passed the Innovative Clean Transit (ICT) rule requiring all public transit agencies to transition their bus fleets to zero-emission technologies by the year 2040. In addition, transit agencies are required to develop a rollout plan with purchasing requirements beginning in 2023. Considering the financial costs associated with transitioning to zero- emission technologies (compressed natural gas busses can cost upwards of $600,000, battery-electric busses can cost $1.03 million, and fuel cell electric busses can cost $1.3 million), many agencies are making great progress toward achieving these requirements. Nonetheless, there is no singular source of formula funds to assist all of California’s transit agencies in meeting the ICT rule. Regional passenger rail operators like Metrolink are similarly seeking to deploy zero- emissions technologies. As CARB develops concepts for an In-Use Locomotive Regulation, funding assistance is necessary to accelerate the adoption of advanced cleaner technologies for rail operations. Therefore, we support the creation of a $1 billion program to assist all the Golden State’s transit and passenger rail agencies transition to zero-emission technologies. As the region’s transit ridership continues to recover, we must maintain our momentum by investing in initiatives that provide a safe, clean, and affordable experience for the user. Therefore, we propose $500 million in funding for the creation of Transit Customer Service, Resiliency, and Fare Reduction programs so the Southern California region’s 68 fixed-route transit operators can make key customer improvements such as improved transit stop lighting, shade structures at exposed bus stops, and supporting reduced and free fare programs. 4. Provide funding to deliver transportation projects that support the 2028 Summer Olympic and Paralympic Games. Olympic and Paralympic Games - $2.5 billion The Southern California region will host the Summer Olympic and Paralympic Games between July and September 2028. In an effort to prepare for this international multi-sport event, critical funding is needed to support connectivity projects that provide visitors with high- quality mobility options. Funding could be allocated through the Transit and Intercity Rail Capital Program (TIRCP) with controlling criteria that channels investments to participating areas with competition venues. Southern California has an audacious goal to enable spectators to access sporting events by public transit, walking, or cycling. Therefore, we propose $2.5 billion in funding to improve and expand our transportation system to enhance speed, reliability, and connectivity. Lastly, in light of strong revenue collections, the Legislature faces decisions on how to respond to the approaching state appropriations limit. As noted in an April 2021 report by the Legislative Analyst’s Office, the Legislature could dedicate excess revenues to purposes that are excluded from the limit. One such option is for capital outlay projects. This means that funding for one-time infrastructure 539 5 projects can support our climate, equity, health, mobility, and safety goals, while using the public’s resources to their maximum benefit. Thank you in advance for your consideration of our recommendations for investment. The faster we secure the funding to build a sustainable future, the closer we are to reaching our urgent climate goals and providing a more affordable, equitable, and comprehensive transportation system for all Californians. Sincerely, Kome Ajise David Aguirre Executive Director Interim Executive Director Southern California Association of Governments Imperial County Transportation Commission Martin Erickson Darrell E. Johnson Executive Director Chief Executive Officer Ventura County Transportation Commission Orange County Transportation Authority Darren M. Kettle Anne E. Mayer Chief Executive Officer Executive Director Southern California Regional Rail Authority Riverside County Transportation Commission Stephanie Wiggins Ray Wolfe Chief Executive Officer Executive Director Los Angeles County Metropolitan San Bernardino County Transportation Transportation Authority Authority 540 January 28, 2022 Ms. Stephanie Pollack, Deputy Administrator Federal Highway Administration c/o Docket Management Facility 1200 New Jersey Avenue, SE – W12-140 Washington, D.C. 20590 Subject: RCTC Comments on Request for Information, Development of Guidance for Electric Vehicle Charging Infrastructure Deployment (Federal Highway Administration – Docket No. FHWA– 2021–0022) Dear Administrator Pollack: The Riverside County Transportation Commission (RCTC) appreciates the opportunity to comment on the Federal Highway Administration’s (FHWA) Notice of Request for Information (RFI) published on November 29, 2021, regarding implementation of Infrastructure Inves tment and Jobs Act (Bipartisan Infrastructure Law or BIL) provisions pertaining to electric vehicle charging infrastructure deployment. In 1976, California Governor Edmund G. Brown created RCTC as a county transportation commission and regional planning agency with the intent to enhance public transit, prioritize highway and transit projects, improve air quality, and other related goals. Today, RCTC plans and implements transportation and transit improvements, assists local governments with funding for local streets and roads, facilitates goods movement, provides commuters with congestion relief on local highways, operates tolled express lanes, and ensures everyone has access to transportation. Given the diversity of the transportation needs throughout Riverside County, RCTC is committed to a broad array of transportation solutions to meet these challenges that reflect a commitment to improved mobility, environmental protection, sustainability, and equity. As a transportation planning agency in a state t hat continues to advance climate action through transportation policy, RCTC has a vested interest in the successful deployment of infrastructure to support the transition to zero emission vehicles. In a county with the population of New Mexico and the size of New Jersey with vast rural pockets, “range anxiety”—concern for one’s ability to travel in a safe and timely manner without risk of needing to recharge without access to a charging station—continues to be a top detriment to widespread consumer and commercial adoption of electric vehicles. RCTC provides the following input related to the Request for Information regarding the implementation of the Charging and Fueling Infrastructure Program. ATTACHMENT 4 541 Ms. Stephanie Pollack, Deputy Administrator January 28, 2022 Page 2 Charging and Fueling Infrastructure Program The Charging and Fueling Infrastructure Program consideration to which RCTC’s comments apply is as follows: 12. Please provide any suggestions to inform the administration of competitive grants under the Charging and Fueling Infrastructure Program for corridor and community charging. Charging and Fueling Infrastructure Program Comments When scoring grant applications, additional consideration and weight should be given to grant applications from eligible entities located in states that are developing or have adopted mandates to transition from fossil fuel vehicles to zero- emission vehicles. Per Executive Order N-79-20 issued by California Governor Gavin Newsom on September 23, 2020, the California Air Resources Board is developing regulations to mandate that all new passenger cars and trucks sold in the state will be zero- emission by 2035. Ambitious goals, such as Executive Order N-79-20, cannot be accomplished unless there are robust partnerships with local governments and public authorities with a transportation function. Under-resourced local agencies will need to deploy charging infrastructure in order to meet the needs of residents and businesses. However, we will be unable to effectively meet these needs without additional resources from programs such as the Charging and Fueling Infrastructure Program. Therefore, grant applications from eligible entities in states with mandates such as California’s, should be prioritized for federal investment under this program. In addition, while the BIL requires eligible entities to contract with a private entity for the acquisition and installation of publicly accessible charging or fueling infrastructure, public -private partnerships should be fostered with sufficient flexibility regarding the siting, installation, maintenance, and future upgrading of charging stations. To site charging stations based on need, use, and equitable access, local governments with land use authority require maximum flexibility to effectively deploy EV infrastructure. Public agencies should be allowed to enter into agreements with private partners to negotiate investment, ownership, and responsibility of the charging stations, as well as energy costs to the public, in order to maximize public benefit. RCTC stands ready to assist the FHWA and the U.S. Department of Transportation on the implementation of the BIL. If you have any questions, please do not hesitate to contact Interim External Affairs Director David Knudsen at 951-787-7141. Sincerely, Anne Mayer Executive Director 542 California Transportation Assessment Report Pursuant to AB 285 (Friedman, Chapter 605, Statutes of 2019) ATTACHMENT 5 543 Page 1 of 8 Strategic Growth Council Foreword February 18, 2022 Dear Members of the Legislature, The California Strategic Growth Council (SGC) is pleased to submit this summary report, “The California Transportation Assessment,” to the State Legislature pursuant to Assembly Bill 285 (Friedman, Chapter 605, Statutes of 2019). Prepared by the University of California Institute of Transportation Studies (UC ITS), the report offers an assessment of how transportation planning and funding in California supports long-term common goals, including building and maintaining a transportation system that advances State climate goals and meets the transportation needs of all Californians. In preparing this report, the UC ITS analyzed state and regional transportation plans and institutions, funding allocations to various state, regional, and local transportation programs and funding sources, and the legal frameworks that govern how transportation funds are spent in California. Across California, transportation is one of the largest and most significant public investments. Over $30 billion is spent annually across California maintaining and expanding transportation. This “transportation system” is the result of plans and projects funded and implemented across federal, state, regional and local agencies. About half of the expenditures take place at the local level (i.e., local governments, transportation agencies, and transit systems). Importantly, local sales taxes account for over $6.6 billion annually, more than any other single state or federal transportation program. Yet, decisions on how to spend billions across federal, state, and local funds is critical to improving Californians’ access to social and economic opportunity as well as to meeting climate commitments. The transportation sector is the single largest contributor to California’s greenhouse gas (GHG) emissions, accounting for over half of total emissions. Achieving climate commitments requires both reductions in GHG emissions through cleaner fuels and vehicles as well as reductions in driving, which is measured in per capita vehicle miles traveled (VMT). As identified in the California Air Resource Board’s (CARB) 2020 Mobile Source Strategy, even under the most aggressive scenarios for zero-emission vehicle (ZEV) adoption and a rapid transition to cleaner fuels, California simply cannot meet its climate commitments by relying solely on a shift in transportation technologies to cleaner modes such as zero emissions vehicles (ZEVs). 544 Page 2 of 8 Additionally, the historic emphasis on prioritizing driving over other modes has created decentralized growth patterns that not only requires more driving to meet daily needs (which negatively impacts affordability), but also lead to more development on natural and working landscapes (which reduces their carbon sequestration benefit). Moreover, overall growth in driving and vehicle miles traveled will continue to increase maintenance costs for the road network and state highway system. This is in addition to the induced vehicle travel and additional GHGs that would result from these projects. Maintaining a true commitment to the “fix it first” approach established in Senate Bill 1 (Beall, 2017) and maintaining the existing system before expanding it has never been more important given the challenges faced. As a result, it will be critical to provide additional sustainable transportation options to reduce dependency on driving. This Administration is taking key actions to achieve these outcomes through a proposed $9.1 billion investment in the Governor’s California Blueprint to expand mobility options for Californians and create a safer, faster and greener transportation system, including $4.2 billion to complete electrified high-speed rail construction in the Central Valley and $4.9 billion for transit and rail projects, climate adaptation, bicycle and pedestrian safety, and active transportation. We recognize that there are different transportation needs across California’s diverse communities and regions. And while one size cannot fit all places equally, we have core values as a State that can and should guide our transportation investments across all of California. We can provide communities with sustainable options to get around and reduce our dependence on driving as we also work to advance all the priorities and goals outlined in the California Transportation Plan 2050: safety, climate, equity, accessibility, quality of life and public health, environment, economy, and infrastructure. In its review of the State transportation system, the UC ITS researchers identified significant progress in many areas. The Administration and Legislature have demonstrated their commitment to innovative programs that help communities meet multiple goals simultaneously by funding augmentations for the Transformative Climate Communities Program (TCC), the Active Transportation Program (ATP), and the Regional Early Action Planning Grants Program (REAP), as well as additional support for Greenhouse Gas Reduction Fund programs such as the Affordable Housing and Sustainable Communities Program (AHSC), the Transit and Intercity Rail Capital Program (TIRCP), and the Low Carbon Transit Operations Program (LCTOP). The ongoing investment in High-Speed Rail 545 Page 3 of 8 is laying the groundwork for a sustainable and equitable carbon-neutral future by not only building a State backbone of fully electrified clean rail, but also bringing economic investment to the core of communities that have for too long experienced disinvestment. Our partners at the regional and local level are also thinking big by proposing investments and major upgrades to regional transit and rail systems, as well as taking on a larger role in land use and housing, exploring road pricing, and increasing investments in active transportation. There is a growing vision across California of the need to shift the transportation system towards more sustainable modes – from internal combustion engines to zero emission vehicles; from single-occupant to shared; from truck to rail in the freight system; and from driving long distances between destinations to shifting land uses so that more daily needs are located within existing communities and neighborhoods, or even a short walk from home. And while there is great progress in some areas, too many of investments fail to move towards—and often still move away from—this vision. Roadway designs still prioritize mobility for cars over other modes and make it unsafe to walk and bike, especially in areas with insufficient pedestrian and bicycle infrastructure. Highway widening projects across the state continue to get built even though adding auto travel lanes has rarely succeeded in reducing congestion, leads to induced vehicle miles travelled over the long term, and in some cases worsens congestion. While there are additional funds for transit, buses still get stuck in traffic as they compete with private vehicles for priority space on streets. There are improvements to the user experience for transit riders such as more seamless payment systems and integrated fares through the California Integrated Travel Project (Cal-ITP), but barriers remain to getting all operators on board with these new systems and riders too often get stuck when different bus or rail systems are not well coordinated at transit stations. All of this makes travel times on transit uncompetitive with driving. We can and must do better. The report submitted herein is a summary of five papers produced by some of the State’s leading transportation researchers. Those papers outline the history of the current transportation system in California, analyze key aspects of transportation planning and funding in California today, and identify areas for improved alignment with long-term common goals. 546 Page 4 of 8 This report also builds on and supports the policy direction in numerous current state reports and processes, including: • The California State Transportation Agency’s (CalSTA) Climate Action Plan for Transportation Investment (CAPTI), • California Air Resource Board’s Scoping Plan and SB 150 report, • High Speed Rail Authority’s (HSRA) Business Plan and Sustainability Report • California Department of Transportation’s (Caltrans) California Transportation Plan 2050 (CTP 2050). In our view, there are several key messages policymakers and other readers should take away from this report: • First, there is a gap between the vision for a more climate friendly and equitable transportation system and actions and infrastructure spending decisions. The climate and equity-focused programs listed for analysis in AB 285 represent only about two percent of overall transportation spending. At the same time, a significant share of funds at the state, regional, and local levels continue to be spent on adding highway lanes and other projects that increase vehicle travel. This funding not only adds to the maintenance burden of an aging highway system but also means less available funding for other investments that might move more people (such as running more buses or prioritizing their movement) without expanding roadways or inducing additional vehicle travel and provide Californians with more options to meet daily travel needs. Additionally, in most situations, particularly in urban areas, adding highway lanes will not achieve the goals they were intended to solve (such as reducing congestion) as new highway capacity often induces additional vehicle travel due to latent demand that then undermines any congestion relief benefit over time. Critically, these projects also add burdens to already impacted communities along freeway corridors with additional traffic and harmful emissions, and by further dividing and often displacing homes and families in neighborhoods that were segmented by freeways decades prior. • Second, projects in the pipeline are rarely reevaluated to assess their alignment with current state priorities. Transportation projects can take decades to move from conception to construction. Over that time frame, State priorities and solutions adjust, such as the shift from congestion relief through road widening to better managing the 547 Page 5 of 8 system through pricing and providing more multimodal options. As a result, many transportation projects in the funding pipeline at the State, regional, and local level are no longer the best candidates to advance State climate or equity objectives. But without reevaluating both these prior commitments as well as longstanding funding programs, transportation agencies will continue to fund projects for decades to come that undermine some of the state’s current goals and commitments. Further, in order to see different outcomes from the transportation system there is a need for a broader set of integrated and multi-modal policy goals to both existing and new funding programs. • Third, the institutional structure for transportation is complicated and decision-making levers can be disparate or hard to pinpoint. The State has numerous transportation plans, many of which do not align with each other. There are numerous institutions at State, regional, and local levels and each have a role to play in setting the vision for transportation and delivering transportation projects. The fragmentation of actors and decision-makers makes it difficult for the public, and especially for underserved communities, to fully engage with transportation decisions or to hold specific institutions accountable for their actions. It also makes it hard for public agencies to hold themselves accountable as the required plans do not shape spending while authorities and responsibilities for tracking outcomes are divided across many geographies and levels of government. • Fourth, institutions (such as Metropolitan Planning Organizations, among others) that have been given key responsibilities for meeting climate and equity goals do not necessarily have the appropriate levers to fulfill those responsibilities. For example, California has delegated more planning responsibilities to its regional partners at Metropolitan Planning Organizations (MPOs) than other states. Yet California’s MPOs’ authorities are not always consistent with the goals set for them. This is in part because MPOs must work within parameters set by local partners (i.e., local government land-use decisions) and inputs they must include in their plans (i.e., local county transportation sales tax measures and existing land use patterns). The MPO has little control and no effective oversight over whether those local funds or land use actions help accomplish regional and State goals. Further, today’s adopted regional plans include more funding for roads and overall automobility relative to transit and active transportation, even 548 Page 6 of 8 as the State requires regions to develop plans that reduce GHG emissions, primarily from reductions in VMT. • Lastly, work has already begun to align transportation funding with state climate and equity goals, namely the CalSTA-produced Climate Action Plan for Transportation Infrastructure (CAPTI) and some of the regional plans, including the Metropolitan Transportation Commission’s (MTC)Plan Bay Area 2050 and the San Diego Association of Governments’ (SANDAG) San Diego Forward. Further, the additional infrastructure funds from the federal government and state investments provides a once-in-a-generation opportunity to reimagine the transportation system in a way that meets the needs of Californians while prioritizing benefits to the most underserved communities. The above findings are derived from the UC ITS assessment of the transportation landscape in California. The UC ITS team also identifies promising avenues and recommendations to respond to these findings. In particular, we wanted to highlight a few areas where we especially see opportunities to partner with the Legislature and other stakeholders to further develop actionable solutions around the following topic areas: 1. Aligning existing funding programs with State goals. This could involve reviewing and prioritizing various state goals within transportation funding program guidelines or statute. For example, the statute that governs State Highway Operation and Protection Program (SHOPP) and State Transportation Improvement Program (STIP) funding has its goals based on rehabilitation and maintenance, safety, operations, and expansion, but no reference to climate or equity. This revisiting of goals could also involve ensuring that additional funds or future funds (including federal infrastructure funds) are spent in ways that align with priority goals. 2. Updating and better aligning among existing state and regional plans. This could include strengthening or modifying the California Transportation Plan (including adding a fiscal constraint analysis) and finding opportunities to further align the CTP with other state modal plans and the Regional Transportation Plans (RTPs)/Sustainable Community Strategies (SCSs). 3. Reevaluating project and program funding and reviewing the current transportation project pipeline. This should involve revisiting projects 549 Page 7 of 8 currently in the planning and development pipeline to ensure they align with the State’s goals, will deliver long-term benefits for Californians, and reduce harms to burdened communities. This could also involve exploring opportunities to augment overall transportation spending, reevaluating expenditures within current programs, reimagining planned projects, and/or increasing funding for specific programs that meet multiple goals. 4. Assessing the roles of State transportation institutions. This would involve exploring the roles and responsibilities for planning and delivering transportation projects across CalSTA, Caltrans, and the California Transportation Commission (CTC), as well as reviewing and clarifying the roles of related agencies (e.g., CARB and SGC) to ensure alignment of decisions with State goals and increase transparency and clarity of responsibilities to the public. This could include making recommendations for changes and clarifications to the institutional roles. 5. Assessing MPO and local government roles and responsibilities. This could involve a review of the specific authorities and institutional structure of MPOs to ensure they have appropriate tools to effectively accomplish what is expected of them, such as giving MPOs a greater role in reviewing local land use and transportation actions. Looking ahead into 2022, the Strategic Growth Council is committed to working with a range of stakeholders to further flesh out and develop implementation actions around these topics that respond to findings in the UC ITS report. In approaching the report, it is important to clarify that though commissioned and reviewed carefully by SGC, this report is ultimately the work product of the UC Institute of Transportation Studies. The analysis and recommendations included in the attached report are not the official stance of the Strategic Growth Council nor the Administration. It is also a point-in-time document that was undertaken primarily in 2021 based on the available literature, interviews, and other materials when it was written. SGC would like to thank the State Legislature for this opportunity to conduct a deep dive into the complexities and opportunities in the state transportation system. We would also like to thank the UC ITS authors for their expertise and analysis, as well as our colleagues– most notably staff at CalSTA, Caltrans, CTC, HSRA, CARB, and Office of Planning and Research -- for their expertise and guidance throughout this process. In addition, we want to thank our partners 550 Page 8 of 8 across the 18 Metropolitan Planning Organizations and the many individuals and organizations who contributed expertise, input, and perspectives throughout this process, including during interviews with the UC ITS team. We look forward to continuing to leverage everyone’s collective expertise to work towards our goal of a more sustainable and equitable transportation system for all Californians. Regards, Lynn von Koch-Liebert Executive Director, California Strategic Growth Council 551